Document:

exv10w20w4

Exhibit 10.20.4

SECOND AMENDMENT TO

TITLE II OF THE

KEY EMPLOYEE DEFERRED COMPENSATION PLAN

OF CONOCOPHILLIPS

     Effective December 19, 2008, ConocoPhillips Company (the “Company”) amended and restated the
Key Employee Deferred Compensation Plan (“KEDCP”) for the benefit of certain employees of the
Company and its affiliates. Furthermore, effective October 6, 2010, the Company adopted the First
Amendment to Title II of KEDCP.

     The Company desires to amend the KEDCP by the revisions set forth below, effective at the
times set forth below:

	 	1.	 	Effective January 1, 2008, Section 2(a) is amended to read as follows:

	 	 	“Incentive Compensation Plan. Each year after 2008, at such times as the Plan
Administrator may determine, Employees who are expected to be eligible to receive an Award for
the immediately following calendar year under an Incentive Compensation Plan will be notified
and given the opportunity to make an election, using the Election Form or in such other manner
prescribed by the Plan Administrator, to defer all or part of such Award; provided, however,
that in the case of an Award under an Incentive Compensation Plan determined by the Plan
Administrator to be “performance-based compensation” under Code section 409A, the Plan
Administrator may delay the notification and opportunity to make an election until no later
than June 30 of the year for which the Award is to be made.”

	 	2.	 	Effective January 1, 2008, Section 3(a) is amended to read as follows:

	 	 	“Incentive Compensation Plan. If a Potential Participant elects to defer under this
Plan all or any part of the Award to which a notice received under Section 2(a) pertains, the
Potential Participant must make such election, using the Election Form or in such other manner
prescribed by the Plan Administrator, which must be received on or before December 31 of the
year in which said Section 2(a) notice was received (or at such earlier time as may be
prescribed by the Plan Administrator). The Potential Participant’s election shall become
irrevocable on December 31 of the year in which said Section 2(a) notice was received (except
in the case of an election for an Award under an Incentive Compensation Plan determined by the
Plan Administrator to be “performance-based compensation” under Code section 409A, the election
shall become irrevocable on June 30 of the year for which the Award is to be made), subject to
the provisions Section 5(d). If an election is not properly made and timely received, the
Potential Participant will be deemed to have elected to receive and not to defer any such
Incentive Compensation Plan Award.”

	 	3.	 	Effective January 1, 2005, Section 15 is amended by adding at the end thereof the
following paragraph (d):

 

 

Exhibit 10.20.4

	 	“(d) 	 	For purposes of this Plan, electronic communications and signatures shall be
considered to be in writing if made in conformity with procedures which the Plan
Administrator may adopt from time to time.”

Executed December 1, 2010

For ConocoPhillips Company

/s/ Carin S. Knickel
 

Carin S. Knickel

Vice President, Human Resourcesexv10w32

Exhibit (10.32)

THE McGRAW-HILL COMPANIES, INC.

DIRECTOR DEFERRED STOCK OWNERSHIP PLAN

(Amended and restated effective as of December 1, 2010)

 

 

THE McGRAW-HILL COMPANIES, INC.

DIRECTOR DEFERRED STOCK OWNERSHIP PLAN

(Amended and restated effective as of December 1, 2010)

ARTICLE I

PURPOSE

          The purposes of the Plan are to enable the Company to attract and retain qualified persons to
serve as Directors, to enhance the equity interest of Directors in the Company, to solidify the
common interests of its Directors and stockholders, and to encourage the highest level of Director
performance by providing such Directors with a proprietary interest in the Company’s performance
and progress, by crediting them annually with shares of Common Stock. The Plan is intended to
satisfy the requirements of Section 409A of the Code.

ARTICLE II

DEFINITIONS

          The following words and phrases as used herein shall have the following meanings:

          SECTION 2.01 “Applicable Delivery Period” means a period of up to five years, as more
fully described in Section 5.01 of the Plan.

          SECTION 2.02 “Beneficiary” means the person, persons or entity designated by the
Participant to receive any shares of Common Stock deliverable in accordance with Section 7.01 of
the Plan. Any Participant’s Beneficiary designation shall be made in a written instrument filed
with the Company and shall become effective only when received, accepted and acknowledged in
writing by the Company.

          SECTION 2.03 “Board” means the Board of Directors of the Company.

          SECTION 2.04 “Change in Control” means the first to occur of any of the following
events:

     (i) An 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 20% or more of either (1) the
then outstanding shares of Common Stock (the “Outstanding Common Stock”) or (2) the combined
voting power of the then outstanding voting securities of the Company entitled to vote
generally in the election of directors (the “Outstanding Voting Securities”);
excluding, however, the following: (1) any acquisition directly from the
Company, other than an acquisition by virtue of the exercise of a conversion privilege
unless the security being so converted was itself acquired directly from the Company; (2)
any acquisition by the Company; (3) any acquisition by any employee benefit plan (or related
trust) sponsored or maintained by the Company or any entity controlled by the

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Company; or
(4) any acquisition pursuant to a transaction which complies with clauses (A), (B) and (C)
of subsection (iii) of this Section 2.04; or

     (ii) A change in the composition of the Board such that the Directors who, as of the
Effective Date, constitute the Board (such Board shall be hereinafter referred to as the
“Incumbent Board”) cease for any reason to constitute at least a majority of the Board;
provided, however, for purposes of this Section 2.04, that any individual
who becomes a Director subsequent to the Effective Date, whose election, or nomination for
election by the Company’s shareholders, was approved by a vote of at least a majority of
those Directors who were
members of the Incumbent Board (or deemed to be such pursuant to this proviso) shall be
considered as though such Director were a member of the Incumbent Board; but,
provided, further, that any such individual whose initial assumption of
office occurs as a result of either an actual or threatened election contest (as such terms
are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other
actual or threatened solicitation of proxies or consents by or on behalf of a Person other
than the Board shall not be so considered as a member of the Incumbent Board; or

     (iii) Consummation of a reorganization, merger or consolidation or sale or other
disposition of all or substantially all of the assets of the Company (“Corporate
Transaction”); excluding, however, such a Corporate Transaction pursuant to which (A) all or
substantially all of the individuals and entities who are the beneficial owners,
respectively, of the Outstanding Common Stock and Outstanding Voting Securities immediately
prior to such Corporate Transaction will beneficially own, directly or indirectly, more than
50% of, respectively, the outstanding shares of common stock, and the combined voting power
of the then outstanding voting securities entitled to vote generally in the election of
directors, as the case may be, of the corporation resulting from such Corporate Transaction
(including, without limitation, a corporation which as a result of such transaction owns the
Company or all or substantially all of the Company’s assets either directly or through one
or more subsidiaries) in substantially the same proportions as their ownership, immediately
prior to such Corporate Transaction, of the Outstanding Common Stock and Outstanding Voting
Securities, as the case may be, (B) no Person (other than the Company, any employee benefit
plan (or related trust) of the Company or such corporation resulting from such Corporate
Transaction) will beneficially own, directly or indirectly, 20% or more of, respectively,
the outstanding shares of common stock of the corporation resulting from such Corporate
Transaction or the combined voting power of the outstanding voting securities of such
corporation entitled to vote generally in the election of directors except to the extent
that such ownership existed prior to the Corporate Transaction, and (C) individuals who were
members of the Incumbent Board will constitute at least a majority of the members of the
board of directors of the corporation resulting from such Corporate Transaction; or

     (iv) The approval by the shareholders of the Company of a complete liquidation or
dissolution of the Company.

          SECTION 2.05 “Change in Control Consideration” means, with respect to each share of
Common Stock credited to a Deferred Stock Account, (i) the amount of any cash, plus the value of
any securities and other noncash consideration, constituting the most valuable

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consideration per share of Common Stock paid to any shareholder in the transaction or series of transactions that
results in a Change in Control or (ii) if no consideration per share of Common Stock is paid to any
shareholder in the transaction or series of transactions that results in a Change in Control, the
highest reported sales price, regular way, of a share of Common Stock in any transaction reported
on the New York Stock Exchange or other national exchange on which such shares of Common Stock are
listed or on NASDAQ during the 60-day period prior to and including the date of a Change in
Control. To the extent that such consideration consists all or in part of securities or other
noncash consideration, the value of such securities or other noncash consideration shall be
determined by the Committee in good faith.

          SECTION 2.06 “Claimant” has the meaning set forth in Section 10.01 of the Plan.

          SECTION 2.07 “Code” means the Internal Revenue Code of 1986, as amended from time to
time, and the applicable rules and regulations promulgated thereunder.

          SECTION 2.08 “Committee” means the Nominating and Corporate Governance Committee of
the Board.

          SECTION 2.09 “Common Stock” means the common stock, $1.00 par value per share, of the
Company.

          SECTION 2.10 “Company” means The McGraw-Hill Companies, Inc., a corporation organized
under the laws of the State of New York, or any successor corporation.

          SECTION 2.11 “Deferral Election” means an election pursuant to Article V of the Plan.

          SECTION 2.12 “Deferred Stock Account” means a bookkeeping account maintained by the
Company for a Participant representing the Participant’s interest in the shares of Common Stock
credited to such account pursuant to Section 6.01 of the Plan.

          SECTION 2.13 “Delivery Date” has the meaning set forth in Section 7.01 of the Plan.

          SECTION 2.14 “Director” means an individual who is a member of the Board.

          SECTION 2.15 “Dividend Equivalent” for a given dividend or distribution means a
number of shares of Common Stock having a Value, as of the date such Dividend Equivalent is
credited to a Deferred Stock Account, equal to the amount of cash, plus the fair market value on
the date of distribution of any property, that is distributed with respect to one share of Common
Stock pursuant to such dividend or distribution; such fair market value to be determined by the
Committee in good faith.

          SECTION 2.16 “Effective Date” has the meaning set forth in Section 13.06 of the Plan.

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          SECTION 2.17 “Election Amount” means for each Participant who has made a Deferral
Election pursuant to Article V of the Plan, with respect to each Plan Year, (i) the percentage that
is set forth in the Deferral Election, multiplied by (ii) the total cash compensation receivable
from the Company during the Plan Year by the Participant in his capacity as a Director, including
without limitation, retainers, fees for serving as committee members, fees for serving as chairman
of a committee, Board meeting fees and committee meeting fees.

          SECTION 2.18 “Exchange Act” means the Securities Exchange Act of 1934, as amended
from time to time, and the applicable rules and regulations promulgated thereunder.

          SECTION 2.19 “Extension Notice” has the meaning set forth in Section 10.01 of the
Plan.

          SECTION 2.20 “Fraction” with respect to a person who was a Participant during part,
but not all, of a calendar year, means the amount obtained by dividing (i) the number of calendar
months during such calendar year that such person was a Participant by (ii) 12; provided
that for purposes of the foregoing a partial calendar month shall be treated as a whole month.

          SECTION 2.21 “Installment Delivery Election” means the written election by a
Participant, on such form as may be prescribed by the Committee, to receive delivery of shares of
Common Stock in the Participant’s Deferred Stock Account in installments over the Applicable
Delivery Period.

          SECTION 2.22 “Participant” means each individual who participates in the Plan, as
provided in Section 4.01 of the Plan.

          SECTION 2.23 “Plan” means The McGraw-Hill Companies, Inc. Director Deferred Stock
Ownership Plan, as amended from time to time.

          SECTION 2.24 “Plan Administrator” has the meaning set forth in Section 3.01 of the
Plan.

          SECTION 2.25 “Plan Year” means the calendar year; provided that the last Plan
Year with respect to a Director who ceases to be a Participant during a calendar year, shall begin
on the first day of such calendar year and end on the day such Director ceases to be a Participant.

          SECTION 2.26 “Stock Amount” means, with respect to a Plan Year, the amount of $90,000
or such other amount as may be determined by the Committee.

          SECTION 2.27 “Value” of a share of Common Stock as of the last day of a given Plan
Year shall mean the closing price of a share of Common Stock on the New York Stock Exchange (or, if
the Common Stock is not listed on such exchange, any other national securities exchange on which
the Common Stock is listed) on the first business day following the last day of each Plan Year. If
the Common Stock is not traded on any national securities exchange, the Value of the Common Stock
shall be determined by the Committee in good faith.

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ARTICLE III

ADMINISTRATION

          SECTION 3.01 Administration. The Plan shall be administered by the Executive Vice
President, Human Resources of the Company (the “Plan Administrator”), who shall have full authority
to construe and interpret the Plan, to establish, amend and rescind rules and regulations relating
to the Plan, and to take all such actions and make all such determinations in connection with the
Plan as he may deem necessary or desirable. Subject to Article X of the Plan, decisions of the
Plan Administrator shall be reviewable by the Committee. Subject to Article X of the Plan, the
Committee shall also have the full authority to make, amend, interpret, and enforce all appropriate
rules and regulations for the administration of the Plan and decide or resolve any and all
questions, including interpretations of the Plan, as may arise in connection with the Plan.

          SECTION 3.02 Binding Effect of Decisions. Subject to Article X of the Plan, the
decision or action of the Plan Administrator or Committee in respect to any question arising out of
or in connection with the administration, interpretation and application of the Plan and the rules
and regulations promulgated hereunder shall be final, conclusive and binding upon all persons
having any interest in the Plan.

          SECTION 3.03 Indemnification. To the fullest extent permitted by law, the Plan
Administrator, the Committee and the Board (and each member thereof), and any employee of the
Company to whom fiduciary responsibilities have been delegated shall be indemnified by the Company
against any claims, and the expenses of defending against such claims, resulting from any action or
conduct relating to the administration of the Plan, except claims arising from gross negligence,
willful neglect or willful misconduct.

ARTICLE IV

PARTICIPATION

          SECTION 4.01 Eligible Participants. Any individual who was a Participant in the Plan
immediately prior to the effective date of this amendment and restatement shall continue to be a
Participant on such date, subject to the terms and provisions of the Plan, and each other
individual who becomes a Director thereafter during the term of the Plan, shall be a Participant in
the Plan, in each case during such period as such individual remains a Director and is not an
employee of the Company or any of its subsidiaries.

ARTICLE V

DEFERRALS AND ELECTIONS

          SECTION 5.01 Initial Election. Each new Participant in the Plan may make an
irrevocable Deferral Election to defer payment of all or part of the total cash compensation for
services as a Director to be earned during the Plan Year in which the Director becomes a
Participant in the Plan and to have the Participant’s Deferred Stock Account credited with shares
of Common Stock equal in Value to such deferred compensation. In order to make a Deferral Election
pursuant to this Section 5.01, the Participant must deliver to the Company a written

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notice of the Deferral Election setting forth the percentage of the Participant’s total cash compensation to be
deferred. This notice must be delivered within 30 days of the date on which the Participant
becomes a Director and shall be effective with respect to compensation earned after the date of
delivery thereof. The Participant shall be permitted to make an irrevocable Installment Delivery
Election at the time of the Deferral Election.

          SECTION 5.02 Annual Elections. A Participant may make a Deferral Election on an
annual basis to defer payment of all or part of the total cash compensation for services as a
Director to be earned during the next succeeding Plan Year and to have the Participant’s Deferred
Stock Account credited with shares of Common Stock equal in Value to such deferred compensation.
In order to make a Deferral Election pursuant to this Section 5.02, the Participant must deliver to
the Company a written notice of the Deferral Election setting forth the percentage of the
Participant’s total cash compensation to be deferred. This notice must be delivered no later than,
and such Deferral Election shall become irrevocable on, the last business day prior to the
commencement of the Plan Year to which the Deferral Election relates. Any such written notice of
the Deferral Election pursuant to this Section 5.02 shall remain in effect for subsequent Plan
Years unless such Participant delivers a written notice setting forth a different Deferral Election
which shall be applied to future Plan Years until further written notice is received by the Company
pursuant to this Section 5.02. The Participant shall be permitted to make an Installment Delivery
Election at the time of the Deferral Election. Such Installment Delivery Election shall become
irrevocable on the last business day prior to the commencement of the Plan Year to which the
Installment Delivery Election relates.

ARTICLE VI

DEFERRED ACCOUNTS

          SECTION 6.01 Accounts. The Company shall maintain a Deferred Stock Account for each
Participant. As part of the compensation payable to each Participant for service on the Board, the
Deferred Stock Account of each Participant shall be credited with shares of Common Stock as set
forth in Section 6.02 of the Plan.

          SECTION 6.02 Credit of Shares of Common Stock. (a) On the first business day
following the last day of each Plan Year, the Deferred Stock Account of each Director who was a
Participant at any time during such Plan Year shall be credited with (i) a number of shares of
Common Stock having a Value equal to the sum of (A) the Stock Amount multiplied by the applicable
Fraction and (B) the Election Amount, if any; plus (ii) a number of shares of Common Stock equal to
(A) the number of shares of Common Stock credited as of that date pursuant to clause (i) multiplied
by (B) the Dividend Equivalent for each dividend paid or other distribution made with respect to
the Common Stock, the record date for which occurred during such Plan Year and at a time when such
Participant was a Participant.

          (b) In addition, on the first business day following the last day of each Plan Year, each
Deferred Stock Account that has not, as of such date, been delivered in full pursuant to Section
7.01 of the Plan shall be credited with a number of shares of Common Stock equal to (i) the number
of shares of Common Stock in such Deferred Stock Account as of such date (before taking into
account any amounts that are credited as of such date pursuant to Section 6.02 of the Plan)
multiplied by (ii) the Dividend Equivalent for each dividend paid or other

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distribution made with respect to the Common Stock, the record date for which occurred during such Plan Year and at a time when such
Participant was a Participant.

ARTICLE VII

DISTRIBUTIONS

          SECTION 7.01 Delivery of Shares of Common Stock. The shares of Common Stock in a
Participant’s Deferred Stock Account as of the date the Participant ceases to be a Director for any
reason (the “Delivery Date”) shall be delivered or begin to be delivered in accordance with this
Section 7.01 on or as soon as practicable, but in no event more than 60 days after the Delivery
Date. Such shares of Common Stock shall be delivered at one time; provided that if the
number of shares of Common Stock so credited includes a fractional share, such number shall be
rounded up to the nearest whole number of shares; and provided, further, that if
the Director has in effect a valid Installment Delivery Election pursuant to Article V of the Plan,
then the applicable portion of such shares of Common Stock shall be delivered in equal yearly
installments over the Applicable Delivery Period, with the first such installment being delivered
on the first anniversary of the Delivery Date; provided that if in order to equalize such
installments, fractional shares of Common Stock would have to be delivered, such installments shall
be adjusted by rounding up to the nearest whole share. If any such shares of Common Stock are to
be delivered after the Director has become legally incompetent, they shall be delivered to the
Director’s legal guardian. If any such shares of Common Stock are to be delivered after the
Director has died, they shall be delivered to the Director’s Beneficiary; provided that if
the Director dies with a valid Installment Delivery Election in effect, the Committee shall deliver
all remaining undelivered shares of Common Stock to the Director’s Beneficiary as soon as
practicable. Reference to a Director in the Plan shall be deemed to refer to the Director’s legal
guardian or the Beneficiary, where appropriate.

          SECTION 7.02 Voting and Other Rights. Shares of Common Stock delivered to a
Participant pursuant to Section 7.01 of the Plan shall be issued in the name of the Participant,
and the Participant shall be entitled to all rights of a shareholder with respect to Common Stock
for all such shares of Common Stock issued in his name, including the right to vote the shares of
Common Stock, and the Participant shall receive all dividends and other distributions paid or made
with respect thereto.

          SECTION 7.03 General Restrictions. Notwithstanding any other provision of the Plan
or agreements made pursuant thereto, the Company shall not be required to issue or deliver any
shares of Common Stock under the Plan prior to fulfillment of all of the following conditions:

     (i) Listing or approval for listing upon official notice of issuance of such
shares on the New York Stock Exchange, or such other securities exchange as may at
the time be a market for the Common Stock;

     (ii) Any registration or other qualification of such shares of Common Stock
under any state or federal law or regulation, or the maintaining in effect of any
such registration or other qualification which the Committee shall, in its absolute
discretion upon the advice of counsel, deem necessary or advisable; and

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     (iii) Obtaining any other consent, approval, or permit from any state or federal
governmental agency which the Committee shall, in its absolute discretion after
receiving the advice of counsel, determine to be necessary or advisable.

ARTICLE VIII

SHARES AVAILABLE

          SECTION 8.01 Shares Available. Subject to Article IX of the Plan, the maximum number
of shares of Common Stock which may be credited to Deferred Stock Accounts pursuant to the Plan is
640,000 in the aggregate. Shares of Common Stock issuable under the Plan may be taken from
authorized but unissued or treasury shares of the Company or purchased on the open market.

ARTICLE IX

EFFECT OF CORPORATE TRANSACTIONS

          SECTION 9.01 Change in Capital Structure. In the event that there is, at any time
after the Board adopts the Plan, any change in the Common Stock by reason of any stock dividend,
stock split, combination of shares, exchange of shares, warrants or rights offering to purchase
Common Stock at a price below its fair market value, reclassification, recapitalization, merger,
consolidation, spin-off or other change in capitalization of the Company, appropriate adjustment
shall be made in the number and kind of shares or other property subject to the Plan and the number
and kind of shares or other property held in the Deferred Stock Accounts, and any other relevant
provisions of the Plan by the Committee, whose determination shall be binding and conclusive on all
persons.

          SECTION 9.02 Change in Control. Without limiting the generality of the foregoing,
and notwithstanding any other provision of the Plan, in the event of a Change in Control that is a
“change in control event” within the meaning of Section 409A(a)(2)(A)(v) of the Code, the following
shall occur on the date of the Change in Control (the “Change in Control Date”): (i) the last day
of the then-current Plan Year shall be deemed to occur on the Change in Control Date and such Plan
Year shall be the last Plan Year under the Plan; (ii) the Deferred Stock Accounts shall be credited
with shares of Common Stock pursuant to Section 6.02 of the Plan, as if, for this purpose, the
Participants ceased to be Participants on the Change in Control Date; (iii) the Company shall
immediately pay to each Participant in a lump sum the Change in Control Consideration multiplied by
the number of shares of Common Stock held in the Participant’s Deferred Stock Account immediately
before such Change in Control; and (iv) the Plan shall be terminated with respect to each
Participant’s Deferred Stock Account.

          SECTION 9.03 Share Conversion. If the shares of Common Stock credited to the
Deferred Stock Accounts are converted pursuant to this Section 9.03 into another kind or form of
property (including cash), references in the Plan to the Common Stock shall be deemed, where
appropriate, to refer to such other kind or form of property, with such other modifications as may
be required for the Plan to operate in accordance with its purposes. Without limiting the
generality of the foregoing, references to delivery of certificates for shares of Common Stock

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shall be deemed to refer to delivery of cash and the incidents of ownership of any other property
held in the Deferred Stock Accounts.

ARTICLE X

CLAIMS PROCEDURE

          SECTION 10.01 Claims. In the event any person or his authorized representative (a
“Claimant”) disputes the amount of, or his entitlement to, any benefits under the Plan or their
method of payment, such Claimant shall file a claim in writing with, and on the form prescribed by,
the Plan Administrator for the benefits to which he believes he is entitled, setting forth the
reason for his claim. The Claimant shall have the opportunity to submit written comments,
documents, records and other information relating to the claim and shall be provided, upon request
and free of charge, reasonable access to and copies of all documents, records or other information
relevant to the claim. The Plan Administrator shall consider the claim and within 90 days of
receipt of such claim, unless special circumstances exist which require an extension of the time
needed to process such claim, the Plan Administrator shall inform the Claimant of its decision with respect to the claim. In the
event of special circumstances, the response period can be extended for an additional 90 days, as
long as the Claimant receives written notice advising of the special circumstances and the date by
which the Plan Administrator expects to make a determination (the “Extension Notice”) before the
end of the initial 90-day response period indicating the reasons for the extension and the date by
which a decision is expected to be made.

          SECTION 10.02 Appeal of Denial. A Claimant whose claim is denied by the Plan
Administrator and who wishes to appeal such denial must request a review of the Plan
Administrator’s decision by filing a written request with the Committee for such review within 60
days after such claim is denied. Such written request for review shall contain all relevant
comments, documents, records and additional information that the Claimant wishes the Committee to
consider, without regard to whether such information was submitted or considered in the initial
review of the claim by the Plan Administrator. In connection with that review, the Claimant may
submit such written comments as may be appropriate. Written notice of the decision on review shall
be furnished to the Claimant within 60 days after receipt by the Committee of a request for review.
In the event of special circumstances which require an extension of the time needed for
processing, the response period can be extended for an additional 60 days, as long as the Claimant
receives an Extension Notice. The Claimant shall be notified no later than five days after a
decision is made with respect to the appeal.

          SECTION 10.03 Statute of Limitations. A Claimant wishing to seek judicial review of
an adverse benefit determination under the Plan, whether in whole or in part, must file any suit or
legal action within three years of the date the final decision on the adverse benefit determination
on review is issued or should have been issued under Section 10.02 of the Plan or lose any rights
to bring such an action. If any such judicial proceeding is undertaken, the evidence presented
shall be strictly limited to the evidence timely presented to the Plan Administrator.
Notwithstanding anything in the Plan to the contrary, a Claimant must exhaust all administrative
remedies available to such Claimant under the Plan before such Claimant may seek judicial review.

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ARTICLE XI

BENEFICIARY DESIGNATION

          SECTION 11.01 Beneficiary Designation. Each Participant shall have the right, at any
time, to designate any person, persons, entity or entities as his Beneficiary or Beneficiaries
(both primary as well as contingent) to whom shares of Common Stock shall be delivered in
accordance with Section 7.01 of the Plan from the Participant’s Deferred Stock Account in the event
of such Participant’s death prior to complete distribution to the Participant of the shares of
Common Stock due him under the Plan.

          SECTION 11.02 Amendments. Any Beneficiary designation may be changed by a
Participant by the written filing of such change on a form prescribed by the Company. The new
Beneficiary designation form shall cancel all Beneficiary designations previously filed.

          SECTION 11.03 No Beneficiary Designation. If a Participant fails to designate a
Beneficiary as provided above, or if all designated Beneficiaries predecease the Participant, then
any amounts to be paid to the Participant’s Beneficiary shall be paid to the Participant’s estate.

          SECTION 11.04 Effect of Payment. The delivery of shares of Common Stock under this
Article XI due to a Participant to a Beneficiary under the Plan shall completely discharge the
Company’s obligations in respect of the Participant under the Plan.

ARTICLE XII

AMENDMENT AND TERMINATION OF PLAN

          SECTION 12.01 Amendment. The Board or the Committee may from time to time make such
amendments to the Plan as it may deem proper and in the best interest of the Company without
further approval of the Company’s stockholders, except to the extent required by the Rules of the
New York Stock Exchange (or rules of any other exchange or quotation system on which the Company’s
securities are then listed).

          SECTION 12.02 Company’s Right to Terminate. The Board or the Committee may terminate
the Plan at any time and, in connection with any such termination, may deliver to each Participant
the shares of Common Stock credited to his Deferred Stock Account, subject to and in accordance
with the requirements of Treasury Regulation Section 1.409A-3(j)(4)(ix) (or any successor provision
thereto). Notwithstanding any other provision of the Plan to the contrary, neither the Board nor
the Committee shall be authorized to exercise any discretion with respect to the selection of
persons to receive credits of shares of Common Stock under the Plan or concerning the amount or
timing of such credits under the Plan, and, subject to Section 12.03 of the Plan, no amendment or
termination of the Plan shall adversely affect the interest of any Participant in shares previously
credited to such Participant’s Deferred Stock Account without that Participant’s express written
consent.

          SECTION 12.03 Section 409A. If, in the good faith judgment of the Committee, any
provision of the Plan could otherwise cause any person to be subject to the interest and penalties
imposed under Section 409A of the Code, such provision shall be modified by the

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Committee in its sole discretion to maintain, to the maximum extent practicable, the original intent of the
applicable provision without causing the interest and penalties under Section 409A of the Code to
apply, and, notwithstanding any provision in the Plan to the contrary, the Committee shall have
broad authority to amend or to modify the Plan, without advance notice to or consent by any person,
to the extent necessary or desirable to ensure that no benefits are subject to tax under Section
409A of the Code. Any determinations made by the Committee under this Section 12.03 shall be
final, conclusive and binding on all persons.

ARTICLE XIII

MISCELLANEOUS

          SECTION 13.01 Unsecured General Creditor. Participants and their Beneficiaries shall
have no legal or equitable rights, interest or claims in any property or assets of the Company.
The assets of the Company shall not be held under any trust for the benefit of Participants or
their Beneficiaries or held in any way as collateral security for the fulfilling of the obligations
of the Company under the Plan. Any and all of the Company’s assets shall be, and remain, the
general, unpledged, unrestricted assets of the Company. The Company’s obligation under the Plan
shall be merely that of an unfunded and unsecured promise of the Company to pay money in the
future.

          SECTION 13.02 Nonassignability. Each Participant’s rights under the Plan shall be
nontransferable except by will or by the laws of descent and distribution. Subject to the
foregoing, neither a Participant nor any other person shall have any right to commute, sell,
assign, transfer, pledge, anticipate, mortgage or otherwise encumber, transfer, hypothecate or
convey in advance of actual receipt the amounts, if any, payable hereunder, or any part thereof,
which are, and all rights to which are, expressly declared to be nonassignable and
non-transferable. No part of the amounts payable shall, prior to actual payment, be subject to
seizure or sequestration for the payment of any debts, judgments, alimony or separate maintenance
owed by a Participant or any other person, nor be transferable by operation of law in the event of
a Participant’s or any other person’s bankruptcy or insolvency.

          SECTION 13.03 Rights and Obligations. Nothing in the Plan shall be deemed to create
any obligation on the part of the Board to nominate any Director for reelection by the Company’s
shareholders or to limit the rights of the shareholders to remove any Director.

          SECTION 13.04 Binding Effect. The Plan shall be binding upon and shall inure to the
benefit of the Participant or his Beneficiary, his heirs and legal representatives, and the
Company.

          SECTION 13.05 Withholding. The Company shall have the right to require, prior to the
issuance or delivery of any shares of Common Stock pursuant to the Plan, that a Participant make
arrangements satisfactory to the Committee for the withholding of any taxes required by law to be
withheld with respect to the issuance or delivery of such shares of Common Stock, including without
limitation, by the withholding of shares of Common Stock that would otherwise be so issued or
delivered, by withholding from any other payment due to the Participant, or by a cash payment to
the Company by the Participant.

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          SECTION 13.06 Effective Date and Term. The Plan was initially effective as of July
1, 1996. This amendment and restatement is effective as of January 1, 2008. The Plan shall remain
in effect until the earlier of (i) its termination by action of the Board, (ii) its termination as
set forth in Section 12.02 of the Plan, or (iii) no shares of Common Stock remain available under
the Plan.

          SECTION 13.07 Severability. In the event that any provision or portion of the Plan
shall be determined to be invalid or unenforceable for any reason, the remaining provisions and
portions of the Plan shall be unaffected thereby and shall remain in full force and effect to the
fullest extent permitted by law.

          SECTION 13.08 Governing Law. The Plan shall be construed under the laws of the State
of New York, to the extent not preempted by federal law.

          SECTION 13.09 Headings. The section headings used in this document are for ease of
reference only and shall not be controlling with respect to the application and interpretation of
the Plan.

          SECTION 13.10 Rules of Construction. Any words herein used in the masculine shall be
read and construed in the feminine where they would so apply. Words in the singular shall be read
and construed as though used in the plural in all cases where they would so apply. All references
to sections are, unless otherwise indicated, to sections of the Plan. The Plan is intended to meet
the requirements of Section 409A of the Code and shall be interpreted and construed consistent with
such intent.

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