Document:

Exhibit
10.71

 

 

IMS HEALTH INCORPORATED

 

DEFINED CONTRIBUTION EXECUTIVE RETIREMENT PLAN

 

 

 

 

 

Effective as of January 1, 2007

TABLE OF
CONTENTS

	
  

  	
   

  	
   

  	
   

  	
  Page

  
	
  INTRODUCTION  

  	
   

  	
  1

  
	
   

  	
   

  	
   

  
	
  SECTION 1 - DEFINITIONS  

  	
   

  	
  1

  
	
   

  	
   

  	
   

  
	
  1.1

  	
   

  	
  “Affiliated Employer”

  	
   

  	
  1

  
	
  1.2

  	
   

  	
  “Basic Disability Plan”

  	
   

  	
  1

  
	
  1.3

  	
   

  	
  “Basic Plan”

  	
   

  	
  1

  
	
  1.4

  	
   

  	
  “Basic Rate”

  	
   

  	
  2

  
	
  1.5

  	
   

  	
  “Benefit Payment Date”

  	
   

  	
  2

  
	
  1.6

  	
   

  	
  “Board”

  	
   

  	
  2

  
	
  1.7

  	
   

  	
  “Cause”

  	
   

  	
  2

  
	
  1.8

  	
   

  	
  “CEO”

  	
   

  	
  3

  
	
  1.9

  	
   

  	
  “Change in Control”

  	
   

  	
  3

  
	
  1.10

  	
   

  	
  “Change in Control Agreement”

  	
   

  	
  5

  
	
  1.11

  	
   

  	
  “Code”

  	
   

  	
  6

  
	
  1.12

  	
   

  	
  “Committee”

  	
   

  	
  6

  
	
  1.13

  	
   

  	
  “Company”

  	
   

  	
  6

  
	
  1.14

  	
   

  	
  “Compensation”

  	
   

  	
  6

  
	
  1.15

  	
   

  	
  “Designated Beneficiary”

  	
   

  	
  7

  
	
  1.16

  	
   

  	
  “Disability” or “Disabled”

  	
   

  	
  7

  
	
  1.17

  	
   

  	
  “Effective Date”

  	
   

  	
  7

  
	
  1.18

  	
   

  	
  “Entry Age”

  	
   

  	
  7

  
	
  1.19

  	
   

  	
  “ERISA”

  	
   

  	
  7

  
	
  1.20

  	
   

  	
  “Former Member”

  	
   

  	
  7

  
	
  1.21

  	
   

  	
  “Good Reason”

  	
   

  	
  7

  
	
  1.22

  	
   

  	
  “Investment Credits”

  	
   

  	
  10

  
	
  1.23

  	
   

  	
  “Member”

  	
   

  	
  10

  
	
  1.24

  	
   

  	
  “Past Service”

  	
   

  	
  10

  
	
  1.25

  	
   

  	
  “Past Service Contributions Rate”

  	
   

  	
  11

  
	
  1.26

  	
   

  	
  “Plan”

  	
   

  	
  11

  
	
  1.27

  	
   

  	
  “Plan Administrator”

  	
   

  	
  11

  
	
  1.28

  	
   

  	
  “Potential Change in Control”

  	
   

  	
  11

  
	
  1.29

  	
   

  	
  “Regulations”

  	
   

  	
  12

  
	
  1.30

  	
   

  	
  “Retirement”

  	
   

  	
  12

  
	
  1.31

  	
   

  	
  “Retirement Account”

  	
   

  	
  12

  
	
  1.32

  	
   

  	
  “Retirement Benefit”

  	
   

  	
  12

  
	
  1.33

  	
   

  	
  “Retirement Credits”

  	
   

  	
  12

  
	
  1.34

  	
   

  	
  “Separation from Service”

  	
   

  	
  12

  
	
  1.35

  	
   

  	
  “Service”

  	
   

  	
  13

  
	
  1.36

  	
   

  	
  “Specified Employee”

  	
   

  	
  13

  
	
  1.37

  	
   

  	
  “Vested Former Member”

  	
   

  	
  13

  

 

 i
 

TABLE OF
CONTENTS

(Continued)

 

	
  SECTION 2 - PARTICIPATION  

  	
   

  	
  14

  
	
   

  	
   

  	
   

  
	
  2.1

  	
   

  	
  Commencement of Participation

  	
   

  	
  14

  
	
  2.2

  	
   

  	
  Termination of Participation

  	
   

  	
  14

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 3 - AMOUNT AND FORM OF
  BENEFITS

  	
   

  	
  15

  
	
   

  	
   

  	
   

  
	
  3.1

  	
   

  	
  Retirement Benefit

  	
   

  	
  15

  
	
  3.2

  	
   

  	
  Time and Form of Payment

  	
   

  	
  17

  
	
  3.3

  	
   

  	
  Nonpayment of Benefits

  	
   

  	
  20

  
	
  3.4

  	
   

  	
  Notification of Nonpayment of Benefits

  	
   

  	
  21

  
	
  3.5

  	
   

  	
  Repayment of Benefits

  	
   

  	
  22

  
	
  3.6

  	
   

  	
  Change in Control

  	
   

  	
  22

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 4 - DEATH BENEFITS

  	
   

  	
  25

  
	
   

  	
   

  	
   

  
	
  4.1

  	
   

  	
  Death Prior to Benefit Payment Date

  	
   

  	
  25

  
	
  4.2

  	
   

  	
  Death On or After Benefit Payment Date

  	
   

  	
  26

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 5 - PLAN ADMINISTRATOR

  	
   

  	
  26

  
	
   

  	
   

  	
   

  
	
  5.1

  	
   

  	
  Duties and Authority

  	
   

  	
  26

  
	
  5.2

  	
   

  	
  Presentation of Claims

  	
   

  	
  26

  
	
  5.3

  	
   

  	
  Claims Denial Notification

  	
   

  	
  27

  
	
  5.4

  	
   

  	
  Claims Review Procedure

  	
   

  	
  27

  
	
  5.5

  	
   

  	
  Timing

  	
   

  	
  28

  
	
  5.6

  	
   

  	
  Final Decision

  	
   

  	
  28

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 6 - MISCELLANEOUS

  	
   

  	
  29

  
	
   

  	
   

  	
   

  
	
  6.1

  	
   

  	
  Amendment; Suspension

  	
   

  	
  29

  
	
  6.2

  	
   

  	
  Termination

  	
   

  	
  31

  
	
  6.3

  	
   

  	
  No Employment Rights

  	
   

  	
  35

  
	
  6.4

  	
   

  	
  Unfunded Status

  	
   

  	
  35

  
	
  6.5

  	
   

  	
  Arbitration

  	
   

  	
  35

  
	
  6.6

  	
   

  	
  No Alienation

  	
   

  	
  36

  
	
  6.7

  	
   

  	
  Withholding

  	
   

  	
  36

  
	
  6.8

  	
   

  	
  Governing Law

  	
   

  	
  36

  
	
  6.9

  	
   

  	
  Successors

  	
   

  	
  37

  
	
  6.10

  	
   

  	
  Integration

  	
   

  	
  38

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Appendix A

  	
   

  	
  39

  
	
  Appendix B

  	
   

  	
  40

  

 

 ii

IMS HEALTH INCORPORATED

DEFINED CONTRIBUTION EXECUTIVE RETIREMENT PLAN

Effective as of January 1, 2007

INTRODUCTION

The IMS Health
Incorporated Defined Contribution Executive Retirement Plan (the “Plan”) is
hereby established to provide a means of ensuring the payment of a competitive
level of retirement and survivor benefits, and thereby attract, retain and
motivate a select group of executives of IMS Health Incorporated and its
affiliated employers.

SECTION 1
- DEFINITIONS

 1.1                               “Affiliated
Employer” shall mean an entity affiliated with the Company.

 1.2                               “Basic
Disability Plan” shall mean as to any Member the long-term disability plan
of the Company or an Affiliated Employer pursuant to which long-term disability
benefits are payable to such Member.

 1.3                               “Basic
Plan” shall mean as to any Member or Vested Former Member the defined
benefit pension plan of the Company or an Affiliated Employer intended to meet
the requirements of Code Section 401(a) pursuant to which retirement benefits
are payable to such Member or Vested Former Member or to the Designated
Beneficiary of a deceased Member or Vested Former Member.

 

 1.4                              “Basic
Rate” shall mean, with respect to any Member, the percentage specified in
Appendix A to this Plan which is applicable to a Member whose Entry Age is the
same as such Member’s Entry Age. 

 1.5                              “Benefit
Payment Date” shall mean the date on which a Member’s or Vested Former
Member’s Retirement Benefit is paid to such Member or Vested Former Member in
accordance with Section 3.2 or to such Member’s or Vested Former Member’s
Designated Beneficiary in accordance with Section 4.1.

 1.6                              “Board”
shall mean the Board of Directors of IMS Health Incorporated, except that any
action authorized to be taken by the Board hereunder may also be taken by a
duly authorized committee of the Board or its duly authorized delegees.

 1.7                              “Cause”  A Member shall not be deemed to have been
terminated for “Cause” under this Plan unless such Member shall have been
terminated for “Cause” under the terms of such Member’s employment agreement or
Change in Control Agreement with the Company, if any.  If no such employment agreement or Change in
Control Agreement containing a definition of “Cause” shall be in effect, for
purposes of this Plan “Cause” shall mean a Member’s:

(a)                                  willful and continued failure to substantially
perform his or her duties (other than any such failure resulting from
incapacity due to physical or mental illness or Disability or any failure after
the issuance of a notice of

 2
 

 

termination by the Member for Good Reason) which failure is
demonstrably and materially damaging to the financial condition or reputation
of the Company and/or its Affiliated Employers, and which failure continues
more than 48 hours after a written demand for substantial performance is
delivered to the Member by the Company, which demand specifically identifies
the manner in which the Company believes that the Member has not substantially
performed his or her duties; or

(b)                                 the willful engaging by the Member in conduct which
is demonstrably and materially injurious to the Company, monetarily or
otherwise.

No act, or failure to act, on the
part of the Member shall be deemed “willful” unless done, or omitted to be
done, by the Member not in good faith and without reasonable belief that his or
her action or omission was in the best interest of the Company.

 1.8                              “CEO” shall mean the Chief Executive Officer of
the Company.

 1.9                              “Change
in Control” 
If a “Change in Control” shall have occurred or shall be deemed to have
occurred under the terms of a Member’s or Vested Former Member’s Change in
Control Agreement or employment agreement with the Company, if any, then a “Change
in Control” shall be deemed to have occurred under this Plan.   Otherwise a “Change in Control” shall be
deemed to have occurred if:

 3
 

 

(a)                                  any “Person” as such term is used for purposes
of  Sections 13(d) or 14(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”) (other than
the Company, any trustee or other fiduciary holding securities under an employee
benefit plan of the Company, or any company owned, directly or indirectly, by
the stockholders of the Company in substantially the same proportions as their
ownership of stock of the Company), becomes the “Beneficial Owner” (as defined
in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of
the Company representing 20% or more of the combined voting power of the
Company’s then outstanding securities;

(b)                                 during any period of 24 months (not including any
period prior to the Effective Date), individuals who at the beginning of such
period constitute the Board, and any new director (other than (i) a director
nominated by a Person who has entered into an agreement with the Company to
effect a transaction described in Sections 1.9(a), (c), or (d) hereof, (ii) a
director nominated by any Person (including the Company) who publicly announces
an intention to take or to consider taking actions (including, but not limited
to, an actual or threatened proxy contest) which if consummated would constitute
a Change in Control, or (iii) a director nominated by any Person who is the
Beneficial Owner, directly or indirectly, of securities of the Company
representing 10% or more of the combined voting power of the Company’s
securities) whose election by the Board or nomination for election by the
Company’s stockholders was

 4
 

 

approved in advance by a vote of at least two-thirds (2/3)
of the directors then still in office who either were directors at the
beginning of the period or whose election or nomination for election was
previously so approved, cease for any reason to constitute at least a majority
thereof;

(c)                                  any transaction (or series of transactions) is
consummated under which the Company is merged or consolidated with any other
company, other than a merger or consolidation (i) which would result in the
voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity) more than 66 2/3% of the
combined voting power of the voting securities of the Company or such surviving
entity outstanding immediately after such merger or consolidation, and (ii)
after which no “Person” holds 20% or more of the combined voting power of the
then outstanding securities of the Company or such surviving entity;

(d)                                 a sale or disposition by the Company of all or
substantially all of the Company’s assets is consummated or the stockholders of
the Company approve a plan of complete liquidation of the Company; or

(e)                                  the Board adopts a resolution to the effect that, for
purposes of this Plan, a Change in Control has occurred.

 1.10                        “Change
in Control Agreement” shall mean any
written agreement in effect between any Member or Former Member or Vested
Former Member and

 5
 

 

the Company or an Affiliated Employer pursuant to which
benefits may be payable to such Member or Former Member or Vested Former Member
in connection with a Change in Control.

 1.11                        “Code” shall mean the Internal Revenue Code of 1986, as
amended from time to time.

 1.12                        “Committee” shall mean the Human Resources Committee of the
Board.

 1.13                        “Company” shall mean IMS Health Incorporated.

 1.14                        “Compensation”  shall mean base salary, annual bonuses, commissions,
overtime and shift pay, in each case prior to reductions for elective
contributions under Sections 401(k), 125 and 132(f)(4) of the Code and deferred
compensation under any nonqualified deferred compensation plan.  Notwithstanding the foregoing, Compensation
shall exclude severance pay (including, without limitation, severance pay under
the Company’s Employee Protection Plan), stay-on bonuses, long-term bonuses,
retirement income, change-in-control payments, contingent payments, amounts
paid under this Plan or any other retirement plan or deferred compensation
plan, income derived from stock options, stock appreciation rights and other
equity-based compensation and other forms of special remuneration. Compensation
payable after December 31st for services performed during the final payroll
period of the immediately preceding year shall be treated as Compensation for
services performed in the year in which it is paid.

 6
 

 

 1.15                         “Designated
Beneficiary” shall mean one or more
persons, estates or other entities, designated in accordance with such
procedures as may be specified by the Plan Administrator, that are entitled to
receive benefits under the Plan upon the death of a Member or Vested Former
Member and, in the absence of any such designation, the Member’s or Vested
Former Member’s estate.

 1.16                        “Disability”
or “Disabled” shall mean disability or
disabled for purposes of the Basic Disability Plan.

 1.17                        “Effective
Date” shall mean January 1, 2007.

 1.18                        “Entry
Age”­ shall mean a Member’s age on the date
that such Member commences participation in the Plan in accordance with Section
2.1.

 1.19                        “ERISA” shall mean the Employee Retirement Income Security
Act of 1974, as amended.

 1.20                         “Former
Member” shall mean (a) a Member whose
employment with the Company or an Affiliated Employer terminates before he or
she has completed five or more years of Service, or (b) a Member who was
removed from participation in the Plan, in accordance with Section 2.2 hereof,
before he or she has completed five or more years of Service.

 1.21                        “Good
Reason”  If a Member shall have terminated employment
for “Good Reason” under the terms of such Member’s Change in Control Agreement
or employment agreement with the Company, if any, then such Member

 7
 

 

shall be deemed to have terminated employment for “Good
Reason” under this Plan.  Otherwise “Good
Reason” shall mean, without the Member’s express written consent, the
occurrence of any of the following circumstances unless, such circumstances are
fully corrected prior to the date of termination specified in the notice of
termination given in respect thereof:

(a)                                  the assignment to the Member of any duties
inconsistent with the Member’s position in the Company, or an adverse
alteration in the nature or status of the Member’s responsibilities or the
conditions of the Member’s employment;

(b)                                 a reduction by the Company in the Member’s annual
base salary, target bonus or perquisites except for across-the-board perquisite
reductions similarly affecting all senior executives of the Company and all
senior executives of any Person, as such term is used for purposes of Sections
13(d) or 14(d) of the Securities Exchange Act of 1934, as amended, in control
of the Company;

(c)                                  the relocation of the principal place of the Member’s
employment to a location more than 50 miles from the location of such place of
employment; for this purpose, required travel on the Company’s business will
not constitute a relocation so long as the extent of such travel is
substantially consistent with the Member’s customary business travel
obligations;

 8
 

 

(d)                                 the failure by the Company to pay to the Member any
portion of the Member’s compensation or to pay to the Member any portion of an
installment of deferred compensation under any deferred compensation program of
the Company within seven days of the date such compensation is due;

(e)                                  the failure by the Company to continue in effect any
material compensation or benefit plan in which the Member participated unless
an equitable arrangement (embodied in an ongoing substitute or alternative
plan) has been made with respect to such plan, or the failure by the Company to
continue the Member’s participation therein (or in such substitute or
alternative plan) on a basis not materially less favorable, both in terms of
the amounts of benefits provided and the level of the Member’s participation
relative to other participants;

(f)                                    the failure of the Company to obtain a satisfactory
agreement from any successor to the Company to fully assume the Company’s
obligations and to perform under this Plan, as contemplated in Section 6.9
hereof;

(g)                                 with respect to any Member who is a party to an
employment agreement or a Change in Control Agreement, any purported
termination of such Member’s employment that is not effected pursuant to the
notice provisions, if any, in such Member’s employment agreement or Change in
Control Agreement.

 9
 

 

 1.22                        “Investment Credits” shall mean notional
additions to the Retirement Account determined in accordance with Section
3.1(d)

 1.23                        “Member”
shall mean an employee of the Company or an Affiliated Employer who becomes a
participant in the Plan pursuant to Section 2, but excludes any Former Member
or Vested Former Member.

 1.24                        “Past Service” shall mean a Member’s Service as of the date of his or her commencement of
participation in the Plan including Service prior to the Effective Date of this
Plan.  If a Member was employed by a
company acquired by the Company or an Affiliated Employer after the Effective
Date, such Member’s service with that company prior to the date of acquisition
will not constitute Past Service hereunder unless otherwise approved by the
Committee. Upon commencement of participation hereunder in accordance with
Section 2.1 hereof, the Committee may limit any Service otherwise to constitute
Past Service hereunder with respect to periods prior to the date of
participation in the Plan.  The foregoing
notwithstanding, Past Service shall include the number of additional years (or
other additional period) credited as “service” for purposes of Past Service
under the Plan to the Member or Vested Former Member under this Plan or under
an employment agreement between the Company or an Affiliated Employer and such
person in effect at the time of such person’s Separation from Service, or
otherwise approved by the Committee.

 

 10

 1.25                        “Past Service Contributions Rate” shall
mean, with respect to any Member, the percentage specified in Appendix A to
this Plan which is applicable to a Member whose Past Service is the same as
such Member’s Past Service.

 1.26                         “Plan”
shall mean this IMS Health Incorporated Defined Contribution Executive
Retirement Plan, as embodied herein, and any amendments thereto.

 1.27                        “Plan Administrator” shall mean the Company, except that any action
authorized to be taken by the Plan Administrator hereunder may also be taken by
any committee or person(s) duly authorized by the Board or the duly authorized
delegees of such duly authorized committee or person(s).

 1.28                        “Potential Change in Control”  If a “Potential
Change in Control” shall have occurred or shall be deemed to have occurred
under the terms of a Member’s Change in Control Agreement or employment
agreement with the Company, if any, then a “Potential Change in Control” shall
be deemed to have occurred under this Plan. 
Otherwise a “Potential Change in Control” shall be deemed to have
occurred if:

(a)                                  the Company enters into an agreement, the
consummation of which would result in the occurrence of a Change in Control;

(b)                                 any Person (including the Company), as defined in
Section 1.9(a) hereof, publicly announces an intention to take or to consider
taking actions which if consummated would constitute a Change in Control; or

 

 11
 

 

(c)                                  the Board adopts a resolution to the effect that, for
purposes of this Plan, a Potential Change in Control has occurred.

 1.29                        “Regulations” shall mean proposed and
final Treasury Regulations, as the same may be amended from time to time.

 1.30                          “Retirement” shall mean the a Member’s or Vested Former Member’s Separation from
Service for any reason other than Cause after completing five years of Service
or by reason of such Member’s or Vested Former Member’s Disability. 

 1.31                        “Retirement Account”  The
notional account created and maintained for each Member and Vested Former
Member, which shall be the sum of the Retirement Credits and Investment Credits
thereon, as provided in Sections 3.1(c) and (d) hereof.  

 1.32                        “Retirement Benefit” shall mean the benefit described in Section 3.1(b) hereof.

 1.33                        “Retirement Credits” shall mean notional
additions to the Retirement Account determined in accordance with Section
3.1(c).

 1.34                        “Separation from Service” shall mean
termination of employment with the Company and any Affiliated Employer.  Whether a Member or Vested Former Member has
had a Separation from Service shall be determined by the Plan Administrator on
the basis of all relevant facts and circumstances and with reference to
Regulations Section 1.409A-1(h).

 

 12
 

 

 1.35                        “Service”
shall mean a Member’s or Vested Former Member’s period of employment with the
Company or an Affiliated Employer that is counted as Service according to the
Service Counting Rules set forth in Appendix B, except that (a) Service prior
to the date of commencement of participation in this Plan will be disregarded;
and (b) no service of a Former Member or Vested Former Member during any period
after removal from participation under Section 2.2 shall constitute Service for
purposes of the Plan. The foregoing notwithstanding, there shall be included as
Service the number of additional years (or other additional period) credited as
“service” for purposes of the Plan to the Member or Former Member or Vested
Former Member under this Plan or under an employment agreement between the
Company or an Affiliated Employer and such person in effect at the time of such
person’s Separation from Service, or otherwise approved by the Committee.

 1.36                        “Specified Employee” shall mean an
employee who satisfies the requirements for being designated a “key employee”
under Section 416(i)(1)(A)(i), (ii) or (iii) of the Code without regard to Section
416(i)(5) of the Code at any time during a calendar year, in which case such
employee shall be considered a Specified Employee for the twelve-month period
beginning on the first day of the fourth month immediately following the end of
such calendar year.

 1.37                        “Vested Former Member” shall mean (a) a Member whose employment with the
Company or an Affiliated Employer terminates on or after the date 

 

 13
 

 

                                                on which he or she has completed five or more years
of Service, or (b) a Member who was removed from participation in the Plan, in
accordance with Section 2.2 hereof, on or after the date on which he or she has
completed five or more years of Service.

SECTION 2-
PARTICIPATION

 2.1                              Commencement of Participation.  Such key
executives of the Company and its Affiliated Employers as are designated by the
CEO in writing and approved by the Committee shall participate in the Plan as
of a date determined by the Committee.

 2.2                              Termination of Participation.  A Member’s
participation in the Plan shall terminate upon his or her Separation from
Service. Prior to Separation from Service, a Member may be removed, upon
written notice by the CEO, and as approved by the Committee, from further
participation in the Plan.  As of the date
of Separation from Service or removal, no further benefits shall accrue to such
individual hereunder except as provided in Sections 3 and 6 hereof.

 

 14
 

 

SECTION 3 - AMOUNT
AND FORM OF BENEFITS

 3.1                              Retirement Benefit

(a)                                  Eligibility.   Upon the Retirement of a Member
or Vested Former Member, he or she shall be entitled to the Retirement Benefit
described in Section 3.1(b), payable in the form specified in Section 3.2.

(b)                                 Retirement Benefit. A notional Retirement Account
shall be created and maintained for each Member and Vested Former Member and
shall be the sum of the Retirement Credits and annual Investment Credits
thereon, as provided in Sections 3.1(c) and (d), respectively.  A Member’s or Vested Former Member’s
Retirement Benefit shall be equal to the value of his or her Retirement
Account, which shall be created and maintained solely for the purpose of
calculating the Retirement Benefit under this Plan.

(c)                                  Retirement Credits. For each calendar
year, each Member shall have his or her Retirement Account credited with
notional Retirement Credits in an amount equal to the Member’s Basic Rate times
the Member’s Compensation for such calendar year. In addition, for each of the
first ten calendar years of a Member’s participation in the Plan, such Member
shall  have his or her Retirement Account
credited with an additional notional Retirement Credit in an amount equal to
the Member’s Past Service Contributions Rate times the Member’s Compensation
for such calendar year.  A Member’s Retirement Credits shall be
allocated to the Member’s Retirement Account as of the end of each calendar
year.  Notwithstanding 

 

 15
 

 

                                                the foregoing, Retirement Credits made with respect
to the calendar year in which a Member’s Separation from Service occurs shall
be made as soon as administratively practicable following such Separation from
Service rather than at the end of such calendar year and in no event later than
the Member’s Benefit Payment Date.

(d)                                 Investment Credits.  A Member’s or a Vested Former
Member’s Retirement Account shall be credited as of the last day of each
calendar year with a notional Investment Credit calculated by multiplying the
Member’s or Vested Former Member’s Retirement Account as of such date (before
the addition of any Retirement Credits for such calendar year) by the average
of the annual yields at the end of each month in such calendar year on the
AA-AAA Rated/10+ Years Component of the Merrill Lynch U.S. Corporate Master
Index for such calendar year.  Notwithstanding the foregoing, Investment
Credits made with respect to the calendar year in which a Member’s or Vested
Former Member’s Benefit Payment Date occurs shall be made on the basis of the
average of the annual yields of the AA-AAA
Rated/10+ Years Component of the Merrill Lynch U.S. Corporate Master Index at
the end of each of  the months
immediately preceding the month in which occurs such Member’s or Vested Former
Member’s Benefit Payment Date and shall be credited as of such Member’s or
Vested Former Member’s Benefit Payment Date. Investment Credits will
cease to be credited after the Member’s or Vested Former Member’s Benefit
Payment Date.

 

 16
 

 

 3.2                              Time and Form of Payment.

(a)                                  An
employee who is expected to become a Member may elect, on forms to be provided
by the Plan Administrator, the Benefit Payment Date of any Retirement Benefit
to which the Member may become entitled under the Plan.  The Member may elect any age or date at which
the Member’s Retirement Benefit shall be paid following the Member’s
Retirement. The form of payment, however, shall be a lump sum. The election
must be filed with the Plan Administrator on such form or forms as the Plan
Administrator may require prior to the Member’s commencement of participation
in order to be effective. Notwithstanding the foregoing, a Member shall be
permitted to make the election described in this Section 3.2(a) if the election
is filed with the Plan Administrator on or before December 31, 2007 (or such
later date as may be specified in proposed or final Treasury Regulations or
other Internal Revenue Service guidance
interpreting Section 409A of the Code) provided that any election filed in 2007
may apply only to amounts that would not otherwise be payable in 2007 and may
not cause an amount to be paid in 2007 that would not otherwise be payable in
2007.

(b)                                 In
the absence of an effective Benefit Payment Date election under Section 3.2(a),
a Member shall be deemed to have elected that the
Member’s Retirement Benefit shall be paid in a lump sum on the first day of the
calendar month next following the calendar month in which the Member’s Retirement
occurs.

 

 17
 

 

(c)                                  Anything
in this Plan to the contrary notwithstanding, payment
to any Specified Employee upon Separation from Service shall not be made before
the date that is six months after the date of Separation from Service (or, if
earlier, the date of death of such Specified Employee). The six-month delay in
payment described herein shall not apply, however, to any payment made under
the circumstances described in Section 3.2(e). 
The Retirement Account of a Member or Vested Former Member who is a
Specified Employee which is subject to the six-month delay in payment described
in this Section 3.2(c) shall continue to be credited with Investment Credits as
provided in Section 3.1(d) following such Separation from Service until such
Member’s or Vested Former Member’s Benefit Payment Date, but not Retirement
Credits.

(d)                                 A
Participant who has made or been deemed to make a Benefit Payment Date election
under Section 3.2(a) or (b) (“initial election”) may make one subsequent
election, on forms to be provided by the Plan Administrator, to delay the time
of payment of the Member’s Retirement Benefit under the following conditions:

(i)            Any subsequent election must be
filed with the Plan Administrator at least 12 months prior to earliest date on
which the Retirement Benefit could be payable pursuant to the Member’s initial
election, and shall not be effective before the first anniversary of the date
on which such election is filed with the Plan Administrator.

 

 18
 

 

(ii)           The Benefit Payment Date must be
deferred by not less than five years from the date on which the Member’s
Retirement Benefit would have been paid under the Member’s initial election.

(e)                                  The
provisions of Sections 3.2(a) through (d) to the contrary notwithstanding, a
payment to or on behalf of a Member or Vested Former Member shall be
accelerated under each of the following circumstances:

(i)                                     if
payment is required to be made to an individual other than the Member or Vested
Former Member to fulfill a domestic relations order as defined in Section
414(p)(1)(B) of the Code; or

(ii)                                  if
payment is necessary to satisfy requirements established pursuant to a written
determination by the Office of Government Ethics that:  (A) divestiture of the financial interest or
termination of the financial arrangement is reasonably necessary to comply with
any Federal conflict of interest statute, regulation, rule or executive order
(including Section 208 of Title 18, United States Code), or is requested by a
congressional committee as a condition of confirmation; and (B) specifies the
financial interest to be divested or terminated.

(f)                                    The
provisions of Sections 3.2(a) through (d) to the contrary notwithstanding, a
payment to a Member or Vested Former Member (or his or her Designated
Beneficiary) may be delayed to a date after the 

 

 19
 

 

                                                designated
Benefit Payment Date if calculation of the amount of the payment is not
administratively practicable due to events beyond the control of the Member or
Vested Former Member (or his or her Designated Beneficiary) and such delay is
for reasons that are commercially reasonable, provided that payment is made as
soon as payment is administratively practicable.

 3.3                              Nonpayment of Benefits.  Subject to
Section 3.6 hereof, no benefits shall be paid to a Member, Vested Former Member
or Designated Beneficiary if the Member or Vested Former Member has:

(a)                                  become a stockholder (unless such stock is listed on
a national securities exchange or traded on a daily basis in the
over-the-counter market and the Member’s or Vested Former Member’s ownership
interest is not in excess of 2% of the company whose shares are being
purchased), employee, officer, director or consultant of or to a company, or a
member or an employee of or a consultant to a partnership or any other business
or firm, which competes with any of the businesses identified in the Company’s
Employee Protection Plan, or such Member or Vested Former Member accepts any
form of compensation from such competing entity;

(b)                                 been discharged from employment with the Company or
any Affiliated Employer for Cause;

(c)                                  failed to retain in confidence any and all
confidential information concerning the Company or any Affiliated Employer and
its respective 

 

 20
 

 

                                                business which was known or became known to the
Member or Vested Former Member, except as otherwise required by law and except
information (i) ascertainable or obtained from public information, (ii)
received by the Member or Vested Former Member at any time after the Member’s
or Vested Former Member’s Separation from Service, from a third party not
employed by or otherwise affiliated with the Company or any Affiliated
Employer, or (iii) which was or became known to the public by any means other
than a breach of this Section 3.3; or

(d)                                 made disparaging comments about the Company or any
Affiliated Employer in any communications, written or oral, with any
individual, company, government body or agency or any other entity
whatsoever.  For purposes hereof,  “disparage” shall mean any communication,
including, but not limited to, any statements, actions or insinuations, made
either directly or through a third party, that would tend to lessen the
standing or stature of  the Company or
any Affiliated Employer in the eyes of a customer, a prospective customer, a shareholder
or a prospective shareholder.

 3.4                              Notification of Nonpayment of Benefits.  Subject to
Section 3.6 hereof, in any case described in Section 3.3, the Member, Vested
Former Member or Designated Beneficiary shall be given prior written notice
that no benefits will be paid to such Member, Vested Former Member or
Designated Beneficiary.  Such written
notice shall specify the particular act(s), or 

 

 21
 

 

                                                failures to act, and the basis on which the decision
not to pay his or her benefits has been made.

 3.5                              Repayment of Benefits. Subject to Section 3.6 hereof, a Member or Vested
Former Member who is paid his or her Retirement Benefit, shall receive such
Retirement Benefit  subject to the
condition that if such Member or Vested Former Member engages in any of the
acts described in Section 3.3, then such Member or Vested Former Member shall,
within 60 days after written notice by the Company specifying the particular
act(s), or failures to act, and the basis on which the decision to recover such
Retirement Benefit has been made, repay to the Company the entire amount of the
Retirement Benefit previously paid to such Member or Vested Former Member.

 3.6                              Change in Control.

Anything
in this Plan to the contrary notwithstanding:

(a)                              Any Member whose employment with the Company or an
Affiliated Employer is involuntarily terminated by the Company or an Affiliated
Employer at or within five years following a Change in Control for a reason
other than Cause or whose employment is voluntarily terminated by the Member
with Good Reason at or within five years following a Change in Control shall be
deemed to have completed five years of Service for purposes of determining such
Member’s entitlement to his or her Retirement Benefit.

 22

(b)                                 Any Member whose employment with the Company or an
Affiliated Employer is involuntarily terminated by the Company or an Affiliated
Employer at or within two years following a Change in Control for a reason
other than Cause or whose employment is voluntarily terminated by the Member
with Good Reason at or within two years following a Change in Control shall be
credited with Retirement Credits at such Member’s Basic Rate and Retirement
Credits at such Member’s Past Service Contributions Rate, determined:

(i)                                     on the basis of the Member’s annual base salary in
effect immediately prior to the Member’s Separation from Service plus the
greater of the Member’s annual target bonus for the year in which the
Separation from Service occurs or, if no such target bonus has yet been
determined for such year, the annual bonus actually earned in the year
immediately preceding the year in which the Separation from Service occurs; and

(ii)                                  for the period with respect to which such Member is
entitled to severance benefits under the Employee Protection Plan or under an
employment, change in control, separation or other agreement between the member
and the Company, whichever shall apply to such Member and regardless of whether
such severance benefits are denominated as such or are payable in installments
over such period or in a lump sum;

 23
 

 

provided,however, that the cumulative Past Service Contributions credited
to a Member’s Account under Section 3.1(c) and under this Section 3.6(b) shall
not exceed the Past Service Contributions that would have been credited to such
Member’s Account under Section 3.1(c) had such Member participated in the Plan
for ten calendar years.  Such Retirement
Credits shall be credited as soon as practicable following the Member’s
Separation from Service rather than at the end of the calendar year and in no
event later than the Member’s Benefit Payment Date. Payment of the Member’s
Retirement Benefit shall be made at the time and in the form provided in
Section 3.2.

(c)                                  In the event of a Potential Change in Control or
Change in Control, the Company shall, not later than 15 days thereafter, have
established one or more so-called “rabbi” trusts and shall deposit therein cash
in an amount sufficient to provide for full payment of all potential benefits
payable under the Plan at or following a Change in Control; provided, however,
that no such deposit shall be made if it would cause a violation of  the funding limitations of Section 409A(b)(3)
of the Code.  Such rabbi trust(s) shall
be irrevocable and shall provide that the Company may not, directly or
indirectly, use or recover any assets of the trust(s) until such time as all
obligations which potentially could arise hereunder have been settled and paid
in full, subject only to the claims of creditors of the Company in the event of
insolvency or bankruptcy of the Company; provided, however, that if no Change
in Control has occurred within two years after such

 24
 

Potential Change in Control, such rabbi trust(s) shall at the end of such
two-year period become revocable and may thereafter be revoked by the Company.

(d)                                 The provisions of Sections 3.3 through 3.5 shall be
of no force or effect with respect to any Member whose employment with the
Company or an Affiliated Employer is involuntarily terminated by the Company or
an Affiliated Employer at or within two years following a Change in Control for
a reason other than Cause or whose employment is voluntarily terminated by the
Member with Good Reason at or within two years following a Change in Control.

SECTION 4- DEATH BENEFITS

 

 4.1                              Death Prior to Benefit Payment Date.  Upon the
death of a Member or Vested Former Member, prior to his or her Benefit Payment
Date, any such Member shall be deemed to have completed five years of Service
for purposes of determining his or her entitlement to a Retirement Benefit
under Section 3.1(a) and such Member’s or Vested Former Member’s Designated
Beneficiary will be entitled to receive 100% of the Retirement Benefit that
would have been provided from the Plan had the Member or Vested Member had a
Separation from Service on the date of death, payable in a lump on the first
day of the month next following the month in which such Member’s or Vested
Former Member’s death occurred.

 25
 

 

 4.2                              Death On or After Benefit Payment Date. No additional benefit shall be payable to the
Designated Beneficiary of a Member or Vested Former Member who was previously
paid his or her Retirement Benefit.

 

SECTION 5 - PLAN ADMINISTRATOR

 

 5.1                              Duties and Authority.  The Plan
Administrator shall be responsible for the administration of the Plan and may
delegate to any management committee, employee, director or agent its
responsibility to perform any act hereunder, including, without limitation,
those matters involving the exercise of discretion; provided, that such
delegation shall be subject to revocation at any time at the Plan Administrator’s
discretion.  The Plan Administrator shall
have the sole discretion to determine all questions arising in connection with
the Plan, to interpret the provisions of the Plan and to construe all of its
terms, to adopt, amend, and rescind rules and regulations for the
administration of the Plan, and generally to conduct and administer the Plan
and to make all determinations in connection with the Plan as may be necessary
or advisable.  All such actions of the
Plan Administrator shall be conclusive and binding upon all Members, Former
Members, Vested Former Members, Designated Beneficiaries and other persons.

 5.2                              Presentation of Claims. 
Claims for benefits shall be filed in writing with the Plan
Administrator.  Written or electronic
notice of the disposition of a claim shall be furnished to the claimant within
90 days after the claim is

 26
 

filed (or
within 180 days if special circumstances require an extension of time for processing
the claim and if notice of such extension and circumstances is provided to the
claimant within the initial 90-day period.)

 5.3                              Claims Denial Notification.  If a claim is wholly or partially denied, the
Plan Administrator shall furnish to the claimant a written notice setting forth
in a manner calculated to be understood by the claimant:

(a)                                  the
specific reason(s) for denial;

(b)                                 specific reference(s) to pertinent Plan
provisions on which any denial is based;

(c)                                  a
description of any additional material or information necessary for the
claimant to perfect the claim, and an explanation of why such material or
information is necessary;

(d)                                 an
explanation of the Plan’s claims review procedures and the applicable time
limits for such procedures; and

(e)                                  a
statement that the claimant has a
right to bring a civil action under Section 502(a) of ERISA following an
adverse determination on review.

 5.4                              Claims Review
Procedure.  Upon a denial, the
claimant is entitled (either in person or by his duly authorized representative)
to:

(a)                                  request a subsequent review of the claim by the
Plan Administrator upon written application for review made to the Plan
Administrator.  In the case

 27
 

of a denial as to which written notice of denial has been given to the
claimant, any such request for review of the claim must be made within 60 days
after receipt by the claimant of such notice. 
A claimant must submit a written application for review before the
claimant is permitted to bring a civil action for benefits;

(b)                                 review pertinent documents relating to the
denial; and

(c)                                  submit
written comments, documents, records and other information relating to the
claim.

 5.5                              Timing.  The Plan Administrator shall make its
decision and notify the claimant with respect to a claim not later than 60 days
after receipt of the request.  Such
60-day period may be extended for another period of 60 days if the Plan
Administrator finds that special circumstances require an extension of time for
processing and notice of the extension and special circumstances is provided to
the claimant within the initial 60-day period.

 5.6                              Final Decision.  The claim for review shall be given a full
and fair review that takes into account all comments, documents, records and
other information submitted that relates to the claim, without regard to
whether such information was submitted or considered in the initial benefit
determination.  The Plan Administrator
shall provide the claimant with written or electronic notice of the decision in
a manner calculated to be understood by the claimant.  The notice shall include specific reasons for
the decision, specific references to the pertinent Plan provisions on which

 28
 

the decision
is based, a statement that the claimant has a right to bring a civil action
under Section 502(a) of ERISA, and a statement that the claimant is entitled to
receive, upon request and free of charge, reasonable access to and copies of
all documents, records and other information relevant to the claim.  A document is relevant to the claim if it was
relied upon in making the determination, was submitted, considered or generated
in the course of making the determination or demonstrates that benefit
determinations are made in accordance with the Plan and that Plan provisions
have been applied consistently with respect to similarly situated claimants.

SECTION 6- MISCELLANEOUS

 

 6.1                              Amendment; Suspension.  The Board,
may, in its sole discretion suspend or amend this Plan at any time or from time
to time, in whole or in part and the Employee Benefits Committee of the Company
may amend the Plan without the approval of the Board with respect to amendments
that such Committee determines do not have a significant effect on the cost of
the Plan; provided, however, that no such suspension or amendment of the Plan may
(a) adversely affect a Member’s or Vested Former Member’s benefit under the
Plan to which he or she has become entitled in accordance with the Plan as in
effect on the date immediately

 29
 

preceding the date of such suspension or amendment, or (b) adversely affect
a Member’s or Vested Former Member’s right or the right of a Designated
Beneficiary to receive a benefit in accordance with the Plan as in effect on
the date immediately preceding the date of such suspension or amendment, or (c)
cause any payment that a Member, Vested Former Member or Designated
Beneficiary is entitled to receive under this Plan to become subject to an
income tax penalty under Section 409A of the Code. Notwithstanding the foregoing, in the
event of any suspension or amendment of the Plan at or within five years
following a Change in Control which has the effect of suspending or reducing
the Retirement Credits and/or Investment Credits payable in accordance with
Sections 3.1(c) and (d) of the Plan or in the event of the removal of a Member
from participation in the Plan pursuant to Section 2.2 within five years
following a Change in Control, all Members in the Plan affected by such
suspension or amendment or removal shall be deemed to have completed five years
of Service as of the date of such suspension or amendment or removal for
purposes of determining such Members’ entitlement to their Retirement Benefits
under this Plan and in the event that such suspension or amendment or removal
occurs with two years following a Change in Control, all such Members shall be
entitled to Retirement Credits at their Basic Rate and Retirement Credits at
their Past Service Contributions Rate, determined:

(i)            on the basis of the Member’s annual
base salary in effect immediately prior to the effective date of the suspension
or amendment or removal, as the case may be, plus the greater of the Member’s
annual target bonus for the year in which such suspension or amendment or
removal is effective or, if no such target bonus has yet been determined for
such year,

 30
 

the annual
bonus actually earned in the year immediately preceding the year in which such
suspension or amendment or removal is effective; and

(ii)           for the period with respect to which
such Member would be entitled to severance benefits under the Employee
Protection Plan or under an employment, change in control, separation or other
agreement between the member and the Company, whichever shall apply to such
Member, if such Member had a Separation from Service in the year in which such
suspension or amendment or removal is effective, regardless of whether such
severance benefits would be denominated as such or would be payable in
installments over such period or in a lump sum; provided, however, that the
cumulative Past Service Contributions credited to a Member’s Account under
Section 3.1(c) and under this Section 6.1 shall not exceed the Past Service
Contributions that would have been credited to such Member’s Account under
Section 3.1(c) had such Member participated in the Plan for ten calendar years.  Such Retirement Credits shall be credited
prior to such suspension or amendment or removal. Payment of the Member’s
Retirement Benefit shall be made at the time and in the form provided in
Section 3.2.

 6.2                               Termination. This Plan may be terminated and lump sum
distributions made to Members, Vested Former Members (or their Designated
Beneficiaries) of their Retirement Accounts hereunder only in accordance with
one of the following methods:

 31

 

(a)               within twelve months of a
dissolution of the Company taxed under Section 331 of the Code, or with the
approval of a bankruptcy court pursuant to 11 U.S.C. Section 503(b)(1(A),
provided that Members’ or Vested Former Members’ Retirement Benefits are included
in their gross incomes in the latest of : (i) the calendar year in which
the Plan termination occurs; or (ii) the first calendar year in which the
payment is administratively practicable;

(b)               within the thirty days preceding
or the twelve months following a change in control as defined in Regulations
Section 1.409A-2(g)(4)(i), provided that all substantially similar arrangements
sponsored by the Company are terminated so that all Members and Vested Former
Members in this Plan and all participants under substantially similar
arrangements are required to receive all amounts of compensation deferred under
the terminated arrangements within twelve months of the date of termination of
the arrangements;

(c)               (i) all arrangements sponsored by
the Company that would be aggregated with any terminated arrangement under
Regulations Section 1.409A-1(c) if the same Member or Vested Former Member
participated in all of the arrangements are terminated; (ii) no payments
other than payments that would be payable under the terms of the arrangements
if the termination had not occurred are made within twelve months of the
termination of the arrangements; (iii) all payments are made within
twenty-four months of the termination of the arrangements; and (iv) the
Company does not adopt a

 32
 

new arrangement that would be aggregated with any terminated arrangement
under Regulations Section 1.409A-1(c) if the same Member or Vested Former
Member participated in both arrangements, at any time within five years
following the date of termination of the arrangement; or

(d)               such other events and conditions
as the Internal Revenue Service may prescribe.

Anything
in this Section 6.2 to the contrary notwithstanding, no such termination of the
Plan may (i) adversely affect a Member’s or Vested Former Member’s benefit
under the Plan to which he or she has become entitled in accordance with the
Plan as in effect on the date immediately preceding the date of such
termination, or (ii) adversely affect a Member’s or Vested Former Member’s
right or the right of a Designated Beneficiary to receive a benefit in
accordance with the Plan as in effect on the date immediately preceding the
date of such termination, or (iii) cause any payment that a Member, Vested
Former Member or Designated Beneficiary is entitled to receive under this Plan
to become subject to an income tax penalty under Section 409A of the Code.  Notwithstanding the foregoing, in the event
of any termination of the Plan at or within five years following a Change in
Control, all Members in the Plan shall be deemed to have completed five years
of Service as of the date of such termination for purposes of determining such
Members’ entitlement to their Retirement Benefits under this Plan and in the
event of termination of the Plan at or withing two years following a Change in
Control all such Members shall be

 33
 

entitled to Retirement Credits at their Basic Rate and Retirement Credits
at their Past Service Contributions Rate, determined:

(A)              on the basis of the Member’s
annual base salary in effect immediately prior to the effective date of such
termination of the Plan plus the greater of the Member’s annual target bonus
for the year in which the termination is effective or, if no such target bonus
has yet been determined for such year, the annual bonus actually earned in the
year immediately preceding the year in which the termination is effective; and

(B)               for the period with respect to
which such Member would be entitled to severance benefits under the Employee
Protection Plan or under an employment, change in control, separation or other
agreement between the Member and the Company, whichever shall apply to such
Member, if such Member had a Separation from Service in the year in which such
termination is effective, regardless of whether such severance benefits would
be denominated as such or would be payable in installments over such period or
in a lump sum;

provided,
however, that the cumulative Past Service Contributions credited to a Member’s
Account under Section 3.1(c) and under this Section 6.2 shall not exceed the
Past Service Contributions that would have been credited to such Member’s
Account under Section 3.1(c) had such Member participated in the Plan for ten
calendar years.  Such Retirement Credits
shall be credited

 34
 

prior to such termination of the Plan. Payment of the Member’s Retirement
Benefit shall be made at the time and in the form provided in Section 3.2.

 6.3                              No
Employment Rights.  Nothing contained herein will confer upon any
Member, Former Member or Vested Former Member the right to be retained in the
service of the Company or any Affiliated Employee, nor will it interfere with
the right of the Company or any Affiliated Employer to discharge or otherwise
deal with Members, Former Members or Vested Former Members with respect to
matters of employment.

 6.4                              Unfunded
Status. 
Members and Vested Former Members shall have the status of general
unsecured creditors of the Company, and this Plan constitutes a mere promise by
the Company to make benefit payments at the time or times required hereunder.
It is the intention of the Company that this Plan be unfunded for tax purposes
and for purposes of Title I of ERISA and any trust created by the Company and
any assets held by such trust to assist the Company in meeting its obligations
under the Plan shall meet the requirements necessary to retain such unfunded
status.

 6.5                              Arbitration.  Any dispute
or controversy arising under or in connection with the Plan shall be settled
exclusively by arbitration in Fairfield, Connecticut in accordance with the
rules of the American Arbitration Association in effect at the time of such
arbitration.  Upon submission of
invoices, the Company shall promptly pay or reimburse all reasonable costs and
expenses (including fees and disbursements of counsel and pension

 35
 

experts) incurred to assert rights under this Plan or in any proceeding in
connection therewith, brought by a Member, Vested Former Member or Designated
Beneficiary, whether or not such Member, Vested Former Member or Designated
Beneficiary is ultimately successful in enforcing such rights or in such
proceeding; provided, however, that no reimbursement shall be owed with respect
to expenses relating to any unsuccessful assertion of rights or proceeding if
and to the extent that such assertion or proceeding was initiated or maintained
in bad faith or was frivolous as determined by the arbitrators or a court
having jurisdiction over the matter, in which case any amounts previously paid
by the Company shall be promptly repaid.

 6.6                              No
Alienation. 
Except as otherwise provided in Section 3.2(e)(i), a Member’s or Vested
Former Member’s right to benefit payments under the Plan shall not be subject
in any manner to anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance, attachment or garnishment by creditors of such Member or Vested
Former Member or his or her Designated Beneficiary.

 6.7                              Withholding.  The Company
may withhold from any benefit under the Plan an amount sufficient to satisfy
its tax withholding obligations.

 6.8                              Governing
Law. 
The Plan shall be governed by and construed in accordance with the laws
of the State of Connecticut applicable to contracts made and to be performed in
such state to the extent not preempted by

 36
 

federal law. Anything in this Plan to the contrary notwithstanding, the
terms of this Plan shall be interpreted and applied in a manner consistent with
the requirements of Section 409A of the Code and the Regulations thereunder and
the Company shall have no right to accelerate or make any payment under this Plan
except to the extent permitted under Section 409A of the Code.  The Company shall have no obligation,
however, to reimburse any Member, Vested Former Member or Designated
Beneficiary for any tax penalty or interest payable or provide a gross-up
payment in connection with any tax liability of such Member, Vested Former
Member or Designated Beneficiary under Section 409A of the Code except that
this provision shall not apply in the event of the Company’s negligence or
willful disregard in its interpretation of the application of Section 409A of
the Code and the Regulations thereunder to the Plan.

 6.9                              Successors.  The Company
shall require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company to expressly assume and agree to perform the obligations
of the Company under this Plan in the same manner and to the same extent that
the Company would have been required to perform such obligations if no such
succession had taken place and such assumption shall be an express condition to
the consummation of any such purchase, merger, consolidation or other
transaction.

 37
 

 

 6.10                        Integration.  In the event
of any conflict or ambiguity between this Plan and the terms of any employment
agreement between a Member or Vested Former Member and the Company or any
Change in Control Agreement between a Member or Vested Former Member and the
Company (this Plan and any such employment agreement or Change in Control
Agreement being collectively referred to herein as the “arrangements”), such
conflict or ambiguity shall be resolved in accordance with the terms of that
arrangement which are most beneficial to the Member or Vested Former Member;
provided, however, that no such resolution of any such conflict or ambiguity
shall operate to cause the Member or Vested Former Member to receive duplicate
payments or benefits under the arrangements.

 38

Appendix A

Defined terms used in
this Appendix A shall have the meanings ascribed to them in the Plan. Except as may be otherwise set forth in an
individualized written agreement between the Company and a Member as approved
by the Committee, the Basic Rate and Past Service Contributions Rate for any
Member shall be determined in accordance with the table set forth below based
on such Member’s Entry Age and Past Service. 
For purposes of
calculating any Basic Rate or Past Service Contributions Rate, an interpolated
percentage shall be used to determine the rate for any Member whose Entry Age
and/or Past Service is between those provided in the following table:

Past Service
Contributions Rate For First 10 Years Of Participation

	
  Entry

  Age

  	
   

  	
  Basic

  Rate

  	
   

  	
  1 Year

  Past Service

  	
   

  	
  3 Years

  Past Service

  	
   

  	
  5 Years

  Past Service

  	
   

  	
  10 Years

  Past Service

  	
   

  	
  15 Years

  Past Service

  	
   

  	
  20 Years

  Past Service

  	
   

  
	
  40

  	
   

  	
  11.9

  	
  %

  	
  1.0

  	
  %

  	
  3.2

  	
  %

  	
  7.4

  	
  %

  	
  4.9

  	
  %

  	
  4.9

  	
  %

  	
  4.9

  	
  %

  
	
  45

  	
   

  	
  12.4

  	
  %

  	
  1.1

  	
  %

  	
  3.5

  	
  %

  	
  5.8

  	
  %

  	
  13.9

  	
  %

  	
  13.9

  	
  %

  	
  13.9

  	
  %

  
	
  50

  	
   

  	
  12.9

  	
  %

  	
  1.3

  	
  %

  	
  3.8

  	
  %

  	
  6.3

  	
  %

  	
  12.5

  	
  %

  	
  24.1

  	
  %

  	
  24.1

  	
  %

  
	
  55

  	
   

  	
  12.0

  	
  %

  	
  1.6

  	
  %

  	
  4.8

  	
  %

  	
  6.9

  	
  %

  	
  12.3

  	
  %

  	
  21.7

  	
  %

  	
  21.7

  	
  %

  

 

For example, a Member
whose Entry Age is 50 and whose Past Service is 3 years, would have: (1) a
Basic Rate of 12.9%; plus (2) a Past Service Contributions Rate of 3.8% for the
first 10 years of such Member’s participation in the Plan.

 39

Appendix B

Service
Counting Rules

(a)           A
Member or Vested Former Member shall be credited with Service equal to the
total of (i) his or her Period(s) of Service with the Company or an Affiliated
Employer and (ii) any Period(s) of Severance that are less than twelve (12)
months.  Service shall be computed in
1/12ths of a year, with a full month being granted for each completed or
partial calendar month.  Notwithstanding
the foregoing, no month which is included in a Period of Service shall be
included in a Period of Severance of less than twelve months for the purpose of
determining Service.

(b)           A
Member or Vested Former Member shall be credited with Service for Periods of
Service completed as an employee of D&B or Cognizant; provided, however,
that any such Member or Vested Former Member who was not vested in his or her
benefit under the D&B Plan or the Cognizant Plan shall not be credited with
Service for Periods of Service completed as an employee of D&B or Cognizant
if such Employee incurred a Break in Service prior to his or her employment by
the Company or an Affiliated Employer.

(c)           For
purposes of sections (a) and (b) of this Appendix B, the following definitions
shall apply:

“Break in Service”
shall mean a Period of Severance that exceeds five years.

“Cognizant”
shall mean Cognizant Corporation.

“Cognizant
Plan” shall mean the Cognizant Retirement Plan.

“D&B”
shall mean The Dun & Bradstreet Corporation.

“D&B
Plan” shall mean the Master Retirement Plan of The Dun &
Bradstreet Corporation.

“Employment
Commencement Date” shall mean the date on which a Member or Vested
Former Member is first credited with an Hour of Service.

“Hour
of Service”  — A Member or
Vested Former Member shall be credited with an Hour of Service for:

(i) Each hour for which a
person is directly or indirectly paid, or entitled to payment, by the Company
or an Affiliated Employer for the performance of duties.

(ii)  Each hour for which a person is directly or
indirectly paid, or entitled to payment, by the Company or an Affiliated
Employer for reasons other than for

 40
 

the performance of duties
(such as vacation, holiday, illness, incapacity including disability, jury
duty, military duty, leave of absence or layoff).

(iii)  Each hour for which an Employee is not paid
or entitled to pay but during which the Employee is absent for a period of
military service for which reemployment rights are protected by law, but only
if the Employee returns to employment with the Company or an Affiliated
Employer within the time required by law.

“Period
of Service” shall mean the period of time commencing on the Member’s
or Vested Former Member’s Employment Commencement Date or Re-Employment
Commencement Date, whichever is applicable, and ending on the Severance Date
following such Employment Commencement Date or Re-Employment Commencement
Date.  Periods of Service shall be
computed in 1/l2ths of a year, with a full month being granted for each
completed or partial month.

“Period
of Severance” shall mean the period of time commencing on a
Severance Date and ending on the date the Member or Vested Former Member again
performs an Hour of Service for the Company or an Affiliated Employer.

“Re-Employment
Commencement Date” shall mean the first date, following a Period of
Severance, that the Member or Vested Former Member again performs an Hour of
Service for the Company or an Affiliated Employer.

“Severance
Date” shall mean the earliest of:

(i) the date on which the
Member or Vested Former Member resigns, is discharged or dies; or

(ii) the date following a
twelve-month period in which the Member or Vested Former Member remains absent
from employment (with or without pay) for any reason other than maternity or
paternity leave of absence, resignation, discharge or death (such as vacation,
holiday, sickness, disability, leave of absence or layoff); or

(iii) the date following
a twenty-four month period in which the Member or Vested Former Member remains
absent from employment (with or without pay) for a maternity or paternity leave
including:

(A)          the individual’s pregnancy; or

(B)           childbirth; or

(C)           adoption of a child; or

(D)          child care immediately after the birth
or adoption of a child;

 41
 

in the case of a Member
or Vested Former Member who is absent from employment beyond the first
anniversary of the first day of absence by reason of maternity or paternity
leave; provided, however the period between the first and second anniversary
will be treated as neither a Period of Severance nor a Period of Service.

 42Exhibit 10.12

DADE
BEHRING

NONEMPLOYEE DIRECTORS’ 

DEFERRED STOCK COMPENSATION PLAN 

(AS
AMENDED AND RESTATED OCTOBER 26, 2006)

ARTICLE I

INTRODUCTION

I.1            Establishment.  Dade Behring Holdings, Inc. (the “Company”)
hereby establishes the Dade Behring Nonemployee Directors’ Deferred Stock
Compensation Plan (the “Plan”) for those directors of the Company who are not
employees of the Company or any of its subsidiaries or affiliates.  The Plan allows Nonemployee Directors to
defer the receipt of cash compensation and to receive such deferred
compensation in the form of Shares.

I.2            Purpose.  The Plan is intended to advance the interests
of the Company and its stockholders by providing a means to attract and retain
qualified persons to serve as Nonemployee Directors and to promote ownership by
Nonemployee Directors of a greater proprietary interest in the Company, thereby
aligning such Directors’ interests more closely with the interests of
stockholders of the Company.

I.3            Effective Date.  The Plan shall become effective as of April
1, 2003 (the “Effective Date”); provided, however, that if the
Plan is not approved by a vote of the stockholders of the Company at the next
Annual Meeting the Plan and any Stock Units credited hereunder shall terminate
and any Fees deferred hereunder shall be paid to the Directors entitled
thereto.

ARTICLE II

DEFINITIONS

Certain terms used in this Plan have the meanings set forth in Appendix
I.

ARTICLE III

Shares Available Under
the Plan

Subject to adjustment as provided in Article X, the
maximum number of Shares that may be distributed in settlement of Stock Unit
Accounts under the Plan shall be one hundred thousand (100,000).  Such Shares may include authorized but
unissued Shares, treasury Shares or Shares that have been reacquired by the
Company.

ARTICLE IV

ADMINISTRATION

The Plan shall be administered by the Board or such
other committee as may be designated by the Board.  The Committee shall have the authority to
make all determinations it deems necessary or advisable for administering the
Plan, subject to the express provisions of the Plan.  Notwithstanding the foregoing, no Director
who is a Participant under the Plan shall participate in any determination
relating solely or primarily to his or her own Shares, Stock Units or Stock Unit
Account.

ARTICLE V

ELIGIBILITY

Each person who is a Nonemployee Director on a
Deferral Date shall be eligible to defer Fees payable on such date in
accordance with Article VI of the Plan. 
If any Nonemployee Director subsequently becomes an employee of the
Company or any of its subsidiaries, but does not incur a Termination of
Service, such Director shall continue as a Participant with respect to Fees
previously deferred, but shall cease eligibility with respect to all future
Fees, if any, earned while an employee.

ARTICLE VI

DEFERRAL ELECTIONS IN LIEU
OF CASH PAYMENTS

VI.1         General Rule.  Each Nonemployee Director may, in lieu of
receipt of Fees, defer any or all of such Fees in accordance with this Article
VI, provided that such Nonemployee director is eligible under Article V of the
Plan to defer such Fees at the date any such Fees are otherwise payable.  A Director may elect to defer a percentage
(of not less than 50% and in 5% increments up to 100%) of his or her Fees.

VI.2         Timing of Election.  Each Nonemployee Director who is serving on
the Board on the Effective Date may make a Deferral Election at any time prior
to the Effective Date.  Any person who is
not then serving as a Nonemployee Director may make a Deferral Election before
the first date on which he or she is entitled to receive Fees.  A Nonemployee Director who does not make a
Deferral Election when first eligible to do so may make a Deferral Election at
such time before any subsequent calendar year in accordance with administrative
procedures established with respect to the Plan.

VI.3         Effect and Duration of
Election.  A Deferral
Election shall apply to Fees payable after the date such election is made and
shall be deemed to be continuing and applicable to all Fees payable in
subsequent calendar years, unless the participant revokes or modifies such
election by filing a new election form at such time before the first day of any
subsequent calendar year in accordance with administrative procedures
established with respect to the Plan, effective for all Fees payable on and
after the first day of such calendar year.

 2
 

VI.4         Form of Election.  A Deferral Election shall be made in a manner
satisfactory to the Committee. 
Generally, a Deferral Election shall be made by completing and filing
the specified election form with the Secretary or his or her designee within
the period described in Section VI.2 or Section VI.3.

VI.5         Establishment of Stock Unit Account.  The Company shall establish a Stock Unit
Account for each Participant.  All Fees
deferred pursuant to this Article VI shall be credited to the Participant’s
Stock Unit Account as of the Deferral Date and converted to Stock Units.  The number of Stock Units credited to a
Participant’s Stock Unit Account as of a Deferral Date shall equal the amount
of the deferred Fees divided by the Fair Market Value of a Share on such
Deferral Date, with fractional units calculated to three decimal places.  Fractional Stock Units shall be credited
cumulatively, but any fractional Stock Unit in a Participant’s Stock Unit
Account at the time of a distribution under Article VII shall be converted into
cash equal to the Fair Market Value of a corresponding fractional Share on the
date of distribution.

VI.6         Crediting of Dividend Equivalents.  As of each dividend payment date with respect
to Shares, each Participant shall have credited to his or her Stock Unit
Account a dollar amount equal to the amount of cash dividends that would have
been paid on the number of Shares equal to the number of Stock Units credited
to the Participant’s Stock Unit Account as of the close of business on the
record date for such dividend.  Such
dollar amount shall then be converted into a number of Stock Units equal to the
number of whole and fractional Shares that could have been purchased with such
dollar amount at Fair Market Value on the dividend payment date.

ARTICLE VII

SETTLEMENT OF STOCK UNITS

VII.1        Timing of Payment.  A Participant shall receive or begin
receiving a distribution of his or her Stock Unit Account in the manner
described in Section VII.2 either (i) on or as soon as administratively
feasible after the first day of the second calendar month immediately following
the month in which the Participant incurs a Termination of Service (but not
less than six months after the Participant has made a Deferral Election), (ii)
if the Participant has made an election to defer payment in accordance with
this Section, on or as soon as administratively feasible after January 1
of the year immediately following the date on which the Participant incurs a
Termination of Service, (iii) if the Participant has made an election to defer
payment in accordance with this Section, on or as soon as administratively
feasible after the date specified by the Participant, or (iv) if elected by the
Participant, upon a Change of Control.  A
Participant must deliver an election to defer the distribution or commencement
of distribution to the Secretary or his or her designee at least 6 months (or
such longer period determined by the Committee) before the earlier of the date
on which the Participant incurs a Termination of Service or the previously
designated distribution date.

VII.2        Payment Options.  A Deferral Election filed under Article VI
shall specify whether the Participant’s Stock Unit Account is to be settled by
delivering to the Participant the number of Shares equal to the number of whole
Stock Units then credited to the Participant’s Stock Unit Account, in either
(i) a lump sum, or (ii) substantially equal annual installments over

 3
 

a period not
to exceed 5 years.  Any fractional Stock
Unit credited to a Participant’s Stock Unit Account at the time of a
distribution shall be paid in cash at the time of such distribution.  A Participant may change the manner in which
his or her Stock Unit Account is distributed by delivering a new election form
to the Secretary or to his or her designee at least 6 months (or such longer
period determined by the Committee) before the earlier of the date on which the
Participant incurs a Termination of Service or the previously designated
distribution date.

VII.3        Payment Upon Death of a Participant.  If a Participant dies before the entire
balance of his or her Stock Unit Account has been distributed, the balance of
the Participant’s Stock Unit Account shall be paid in Shares as soon as
administratively feasible after the Participant’s death, to the beneficiary
designated by the Participant under Article IX.

VII.4        Continuation of Dividend Equivalents.  If payment of Stock Units is deferred
pursuant to Section VII.2, the Participant’s Stock Unit Account shall
continue to be credited with dividend equivalents as provided in Section VI.6
until the entire balance of the Participant’s Stock Unit Account has been
distributed.

ARTICLE VIII

UNFUNDED STATUS

VIII.1      General.  The interest of each Participant in any Fees
deferred under the Plan (and any Stock Units or Stock Unit Account relating
thereto) shall be that of a general creditor of the Company.  Stock Unit Accounts, and Stock Units credited
thereto, shall at all times be maintained by the Company as bookkeeping entries
evidencing unfunded and unsecured general obligations of the Company.  Except as provided in Section VIII.2, no
money or other assets shall be set aside for any Participant.

VIII.2      Trust. 
To the extent determined by the Board, the Company may transfer funds
necessary to fund all or part of the payments under the Plan to a trust;
provided, the assets held in such trust shall remain at all times subject to
the claims of the general creditors of the Company.  No participant or beneficiary shall have any
interest in the assets held in such trust or in the general assets of the
Company other than as a general, unsecured creditor.  Accordingly, the Company shall not grant a
security interest in the assets held by the trust in favor of any Participant,
beneficiary or creditor.

ARTICLE IX

DESIGNATION OF
BENEFICIARY

Each Participant may designate, on a form provided by
the Committee, one or more beneficiaries to receive payment of the Participant’s
Stock Unit Account in the event of such Participant’s death.  The Company may rely upon the beneficiary
designation list filed with the Committee, provided that such form was executed
by the Participant or his or her legal representative and filed with the
Committee prior to the Participant’s death. 
If a Participant has not designated a beneficiary, or if the designated
beneficiary is not surviving when a payment is

 4
 

to be made to such person
under the Plan, the beneficiary with respect to such payment shall be the
Participant’s surviving spouse, or if there is no surviving spouse, the
Participant’s estate.

ARTICLE X

ADJUSTMENT PROVISIONS

In
the event of a  reorganization, recapitalization,
stock split, stock dividend, spin-off, combination, corporate exchange,
merger, consolidation or other change in the Common Stock or any distribution
to stockholders of Common Stock other than cash dividends or any transaction
determined in good faith by the Board or Committee to be similar to the
foregoing, the Board or Committee shall make appropriate equitable changes in
the number and type of Shares authorized by this Plan, and the number and type
of Shares to be delivered upon settlement of Stock Unit Accounts under Article
VII.

ARTICLE XI

GENERAL PROVISIONS

XI.1         No Stockholder Rights Conferred.  Nothing contained in the Plan will confer
upon any Participant or beneficiary any rights of a Stockholder of the Company,
unless and until Shares are in fact issued or transferred to such Participant
or beneficiary in accordance with Article VII.

XI.2         Changes to The Plan.  The Board may amend, alter, suspend,
discontinue, extend, or terminate the Plan without the consent of Participants;
provided, no action taken without the consent of an affected Participant may
materially impair the rights of such Participant with respect to any Stock
Units credited to his or her Stock Unit Account at the time of such change or
termination except that the Board may without the consent of any Participant
terminate the Plan and pay out Shares with respect to Stock Units then credited
to Participant’s Stock Unit Account upon a Change in Control.

XI.3         Compliance With Laws and Obligations.  The Company will not be obligated to issue or
deliver Shares in connection with the Plan in a transaction subject to the
registration requirements of the Securities Act of 1933, as amended, or any
other federal or state securities law, any requirement under any listing
agreement between the Company and any national securities exchange or automated
quotation system or any other laws, regulations, or contractual obligations of
the Company, until the Company is satisfied that such laws, regulations and
other obligations of the Company have been complied with in full.  Certificates representing Shares delivered under
the Plan will be subject to such restrictions as may be applicable under such
laws, regulations and other obligations of the Company.

XI.4         Limitations on Transferability.  Stock Units and other rights under the Plan
may not be pledged, mortgaged, hypothecated or otherwise encumbered, and shall
not be subject to the claims of creditors of any Participant.

 5
 

XI.5         Governing Law.  The validity, construction and effect of the
Plan and any agreement hereunder will be determined in accordance with  the Delaware General Corporation Law.

XI.6         Plan Termination.  Unless earlier termination by action of the
Board, the Plan will remain in effect until such time as no Shares remain
available for delivery under the Plan and the Company has no further rights or
obligations under the Plan.

 6
 

APPENDIX
I

“Annual
Meeting” means the Annual Meeting of stockholders of the Company.

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

“Change
in Control” means the occurrence of any of the following:

(a)                                  Any
“Person” (having the meaning ascribed to such term in Section 3(a)(9) of the
Securities Exchange Act of 1934, as amended (“1934 Act”) and used in Sections
13(d) and 14(d) thereof, including a “group” within the meaning of Section
13(d)(3)) has or acquires “Beneficial Ownership” (within the meaning of Rule
13d-3 under the 1934 Act) of fifty percent (50%) or more of the combined voting
power of the Company’s then outstanding voting securities entitled to vote
generally in the election of directors (“Voting Securities”); provided,
however, that in determining whether a Change in Control has occurred, Voting
Securities which are held or acquired by the following:  (i) the Company or any of its
subsidiaries, (ii) an employee benefit plan (or a trust forming a part
thereof) maintained by the Company or any of its subsidiaries (the persons or
entities described in (i) and (ii) shall collectively be referred to as the “Excluded
Group”) or (iii) any underwriter (strictly in its capacity as underwriter)
of an Initial Public Offering or initial purchaser (strictly in its capacity as
initial purchaser) in a Rule 144A offering, shall not constitute a Change
in Control.

(b)                                 At
any time during a period of two consecutive years, the individuals who at the
beginning of such period constituted the Board (the “Incumbent Board”) cease
for any reason to constitute more than fifty percent (50%) of the Board;
provided, however, that if the election, or nomination for election by the
Company’s stockholders, of any new director was approved by a vote of more than
fifty percent (50%) of the directors then comprising the Incumbent Board, such
new director shall, for purposes of this subsection (b), be considered as
though such person were a member of the Incumbent Board; provided, further,
however, that no individual shall be considered a member of the Incumbent Board
if such individual initially assumed office as a result of (i) either an actual
“Election Contest” (as described in the former Rule 14a-11 promulgated under
the 1934 Act) or other actual solicitation of proxies or consents by or on behalf
of a Person other than the Incumbent Board (a “Proxy Contest”), or (ii) by
reason of any agreement intended to avoid or settle any actual or threatened
Election Contest or Proxy Contest.

(c)           Immediately prior to a consummation
of a merger, consolidation or reorganization or similar event involving the
Company, whether in a single transaction or in a series of transactions (“Business
Combination”), unless, following such Business Combination:

 7
 

(i)                                     the
Persons with Beneficial Ownership of the Company, immediately before such
Business Combination, have Beneficial Ownership of more than fifty percent
(50%) of the combined voting power of the then outstanding voting securities
entitled to vote generally in the election of directors of the corporation (or
in the election of a comparable governing body of any other type of entity)
resulting from such Business Combination (including, without limitation, an
entity 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) (the “Surviving Company”) in substantially the same
proportions as their Beneficial Ownership of the Voting Securities immediately
before such Business Combination;

(ii)           the individuals who were members of
the Incumbent Board immediately prior to the execution of the initial agreement
providing for such Business Combination constitute more than fifty percent
(50%) of the members of the board of directors (or comparable governing body of
a noncorporate entity) of the Surviving Company; and

(iii)                               no
Person (other than a member of the Excluded Group or any Person who immediately
prior to such Business Combination had Beneficial Ownership of fifty percent
(50%) or more of the then Voting Securities) has Beneficial Ownership of fifty
percent (50%) or more of the then combined voting power of the Surviving
Company’s then outstanding voting securities.

(d)                                 Immediately
prior to the assignment, sale, conveyance, transfer, lease or other disposition
of all or substantially all of the assets of the Company to any Person (other
than a member of the Excluded Group) unless, immediately following such
disposition, the conditions set forth in paragraph (c)(i), (ii) and (iii) above
will be satisfied with respect to the entity which acquires such assets.

(e)                                  Approval
by the Company’s stockholders of a liquidation or dissolution of the Company or
the occurrence of a liquidation or dissolution of the Company.

“Committee”
means the Board or a committee appointed to administer the Plan under Article
IV.

“Common
Stock” means the Company’s class of capital stock designed as Common Stock,
par value one cent ($0.01) per share, or, in the event that the outstanding
shares of Common Stock are after the Effective Date recapitalized, converted
into or exchanged for different stock or securities of the Company, such other
stock or securities.

“Company”
means Dade Behring Holdings, Inc. a Delaware corporation, or any successor
thereto.

 8
 

“Deferral
Date” means the date Fees would otherwise have been paid to the
Participant.

“Deferral
Election” means a written election to defer Fees under the Plan.

“Director”
means any individual who is a member of the Board.

“Fair Market Value” of a share of Common Stock
means on a given date (a) if the principal market for the Common Stock is
the Nasdaq stock market, a national securities exchange or other recognized
national market or service reporting sales, the closing price of a share of
Common Stock on the date of the determination on the principal market on which
the Common Stock is then listed or admitted to trading, (b) if the Common
Stock is not listed on the Nasdaq stock market, a national securities exchange
or other recognized national market or service reporting sales, the closing
price of a share of Common Stock on the date of the determination as reported
by the system then regarded as the most reliable source of such quotations, (c) if
the Common Stock is listed on a domestic stock exchange or market or quoted in
a domestic market or service, but there are not reported sales or quotations,
as the case may be, on the given date, the value determined pursuant to (a) or
(b) above using the reported sale prices or quotations on the last previous day
on which so reported or (d) if none of the foregoing clauses apply, the
fair market value of a share of Common Stock as determined in good faith by the
Board and stated in writing in a notice delivered to the holders of the Common
Stock involved.

“Fees”
means all or part of any retainer or meeting fees payable in cash to a
Nonemployee Director in his or her capacity as a Director.  Fees shall not include any expenses paid
directly or through reimbursement.

“Nonemployee
Director” means a Director who is not an employee of the Company or any of
its subsidiaries or affiliates.  For
purposes of the Plan, an employee is an individual whose wages are subject to
withholding of federal income tax under Section 3401 of the Internal Revenue
Code of 1986, as amended.

“Participant”
means a Nonemployee Director who defers Fees under Article VI of the Plan.

“Secretary”
means the Secretary or any Assistant Secretary of the Company.

“Shares”
means shares of the Common Stock.

“Stock
Units” means the credits to a Participant’s Stock Unit Account under
Article VI of the Plan, each of which represents the right to receive one Share
upon settlement of the Stock Unit Account.

“Stock
Unit Account” means the bookkeeping account established by the Company
pursuant to Section VI.5.

“Termination of
Service” means termination of service as a Director for any reason.

 9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]