Document:

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                                                                 Exhibit (10)(j)

                            THE LUBRIZOL CORPORATION
                             OFFICERS' SUPPLEMENTAL
                                 RETIREMENT PLAN
                              (As Amended 2/24/03)

         The Lubrizol Corporation hereby establishes, effective as of January 1,
1993, The Lubrizol Corporation Officers' Supplemental Retirement Plan (the
"Plan") for the purpose of providing deferred compensation benefits to a select
group of management or highly compensated employees.

         Section 1. Definitions. For the purposes hereof, the following words
and phrases shall have the meanings indicated, unless a different meaning is
plainly required by the context:

                  (a) Beneficiary. The term "Beneficiary" shall mean a person
         who is designated by a Participant to receive benefits payable upon his
         death pursuant to the provisions of Section 6.

                  (b) Code. The term "Code" shall mean the Internal Revenue Code
         as amended from time to time. Reference to a section of the Code shall
         include such section and any comparable section or sections of any
         future legislation that amends, supplements, or supersedes such
         section.

                  (c) Company. The term "Company" shall mean The Lubrizol
         Corporation, an Ohio corporation, its corporate successors and the
         surviving corporation resulting from any merger of The Lubrizol
         Corporation with any other corporation or corporations.

                  (d) Credited Service. The term "Credited Service" shall mean a
         Participant's years of service with the Company equal to the number of
         full and fractional years of service (to the nearest twelfth of a year)
         beginning on the date the Participant first performed an hour of
         service for the Company and ending on the date he is no longer employed
         by the Company.

                  (e) Final Average Pay. Effective, January 1, 1997, the term
         "Final Average Pay" shall mean the aggregated amount of Basic
         Compensation (as that term is defined in the Lubrizol Pension Plan
         modified to add cash (but not shares), if any, which the Participant
         has elected to defer under The Lubrizol Corporation Deferred
         Compensation Plan for Officers (which was adopted effective July 25,
         1994) or under The Lubrizol Corporation Executive Council Deferred
         Compensation Plan (which was adopted effective January 1, 1997),
         received by the Participant during the three consecutive calendar years
         during which such Participant received the greatest aggregate amount of
         Basic Compensation, as defined above, within the most recent ten years
         of employment, divided by 36.

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                  (f) Lubrizol Pension Plan. The term "Lubrizol Pension Plan"
         shall mean The Lubrizol Corporation Pension Plan as the same shall be
         in effect on the date of a Participant's retirement, death, or other
         termination of employment.

                  (g) Normal Retirement Date. The term "Normal Retirement Date"
         shall mean the first day of the month following the date on which a
         Participant attains age sixty-five (65).

                  (h) Participant. The term "Participant" shall mean the Chief
         Executive Officer, the Chief Operating Officer and any other officer of
         the Company who is designated by the Board of Directors of the Company
         and the Chief Executive Officer to participate in the Plan, and who has
         not waived participation in the Plan.

                  (i) Plan. The term "Plan" shall mean a deferred compensation
         plan set forth herein, together with all amendments hereto, which Plan
         shall be called "The Lubrizol Corporation Officers' Supplemental
         Retirement Plan."

                  (j) Change in Control. Effective February 26, 2001, the term
         "Change in Control" shall mean the occurrence of any of the following
         events:

                           (i) The Company is merged, consolidated or
                  reorganized into or with another corporation or other legal
                  person, and immediately after such merger, consolidation or
                  reorganization less than a majority of the combined voting
                  power of the then-outstanding securities of such corporation
                  or person immediately after such transaction are held in the
                  aggregate by the holder of the Voting Stock (as that term is
                  hereafter defined) of the Company immediately prior to such
                  transaction;

                           (ii) The Company sells all or substantially all of
                  its assets to any other corporation or other legal person,
                  less than a majority of the combined voting power of the
                  then-outstanding securities of such corporation or person
                  immediately after such sale are held in the aggregate by the
                  holders of Voting Stock of the Company immediately prior to
                  such sale;

                           (iii) There is a report filed on Schedule 13D or
                  Schedule 14D-1 (or any successor schedule, form or report),
                  each as promulgated pursuant to the Securities Exchange Act of
                  1934 ("Exchange Act"), disclosing that any person (as the term
                  "person" is used in Section 13(d)(3) or Section 14(d)(2) of
                  the Exchange Act) has become the beneficial owner (as the term
                  "beneficial owner" is defined under Rule 13d-3 or any
                  successor rule or regulation promulgated under the Exchange
                  Act) of securities representing 20 percent or more of the
                  combined voting power of the then-outstanding securities
                  entitled to vote generally in the election of directors of the
                  Company ("Voting Stock");

                           (iv) The Company files a report or proxy statement
                  with the Securities and Exchange Commission pursuant to Form
                  8-K or Schedule 14A (or any successor schedule, form or report
                  or item therein) that a change of control of the Company has
                  or may have occurred or will or
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                  may occur in the future pursuant to any then-existing
                  contract or transaction; or

                           (v) If during any period of two consecutive years,
                  individuals who at the beginning of the such period constitute
                  the Directors of the Company cease for any reason to
                  constitute at least a majority thereof, provided, however,
                  that for purposes of this clause (v), each Director who is
                  first elected, or first nominated by a vote of at least two
                  thirds of the Directors of the Company (or a committee
                  thereof) then still in office who were Directors of the
                  Company at the beginning of any such period will be deemed to
                  have been a Director of the Company at the beginning of such
                  period.

         Notwithstanding the foregoing provisions of Section 1(j)(iii) or
         1(j)(iv) hereof, unless otherwise determined in a specific case by
         majority vote of the Board of Directors of the Company, a "Change in
         Control" shall not be deemed to have occurred for purposes of this
         Trust Agreement solely because (i) the Company , (ii) an entity in
         which the Company directly or indirectly beneficially owns 50 percent
         or more of the voting securities, or (iii) any Company-sponsored
         employee stock ownership plan or any other employee benefit plan of the
         Company, either files or becomes obligated to file a report or a proxy
         statement under or in response to Schedule 13D, Schedule 14D-1, Form
         8-K or Schedule 14A (or any successor schedule, form or report or item
         therein) under the Exchange Act, disclosing beneficial ownership by it
         of shares of Voting Stock, whether in excess of 20 percent or
         otherwise, or because the Company reports that a change in control of
         the Company has or may have occurred or will or may occur in the future
         by reason of such beneficial ownership.

         Section 2. Vesting. Effective February 24, 2003, a Participant who is
the Chief Executive Officer, Chief Operating Officer or President of the Company
shall be 100 percent vested in his accrued supplemental retirement benefit
hereunder. All other Participants shall become 100 percent vested in his accrued
supplemental retirement benefit upon the earliest of the following events: his
reaching age 60; his death; his becoming disabled and receiving benefits
pursuant to the Company's long-term disability plan; or a Change of Control.

         Section 3. Normal Retirement Benefit. Each Participant who retires from
employment with the Company on or after his Normal Retirement Date shall
receive, subject to the provisions of Sections 6 and 7, a monthly supplemental
retirement benefit which shall be equal to two percent (2%) of his Final Average
Pay multiplied by his Credited Service (up to 30 years) offset by the following
amounts:

                  (a) Benefits payable to the Participant under the Lubrizol
         Pension Plan;

                  (b) Benefits payable to the Participant under The Lubrizol
         Corporation Employees' Stock Purchase and Savings Plan, including
         benefits attributable to Matching Contributions, but excluding benefits
         attributable to CODA Contributions, Supplemental Contributions,
         Rollover Contributions or Transferred Contributions, as defined
         thereunder;

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                  (c) Benefits payable to the Participant under The Lubrizol
         Corporation Employees' Profit-Sharing Plan;

                  (d) Benefits payable to the Participant under The Lubrizol
         Corporation Excess Defined Contribution Plan;

                  (e) Benefits payable to the Participant under The Lubrizol
         Corporation Excess Defined Benefit Plan;

                  (f) The Participant's Social Security benefits;

                  (g) Any other employer-provided benefits not specifically
         excluded herein which are payable to the Participant pursuant to any
         qualified or nonqualified retirement plan maintained by the Company.

         Such offsets shall be determined using the actuarial factors provided
in the Lubrizol Pension Plan.

         Section 4. Early Retirement Eligibility and Determination of Benefit.
Effective February 26, 2001, each Participant who retires from employment with
the Company at or after age 55, but prior to his Normal Retirement Date, shall
receive a percentage of his vested supplemental retirement benefit determined
under Section 3, in accordance with the early retirement schedule provided in
the Lubrizol Pension Plan.

         Section 5. Termination of Employment. Effective February 26, 2001, if a
Participant terminates employment prior to age 55, he shall receive the
actuarial equivalent of his vested supplemental retirement benefit determined
under Section 3 in a single lump-sum payment; such actuarial equivalent of which
shall be calculated using the same actuarial factors and interest rates used in
the Lubrizol Pension Plan as in effect on the date the Participant terminates
employment in accordance with this Section 5.

         Section 6.   Payment to Participant. (Effective November 27, 1995)

                  (a) Each Participant who retires in accordance with Sections 3
         or 4 shall receive payment of his supplemental pension benefit under
         the Plan determined as of his date of retirement in the standard form
         of benefit of a monthly retirement benefit commencing within 30 days
         following retirement and payable to such Participant for his lifetime
         following such retirement, with the continuance to his Beneficiary of
         such amount after his death for the remainder, if any, of the 120-month
         term that commenced with the date as of which the first payment of such
         monthly benefit is made, and with any such monthly benefits remaining
         unpaid upon the death of the survivor of the Participant and his
         Beneficiary to be made to the estate of such survivor.

                  (b) Participants may instead elect within a 60 day period
         commencing 90 days prior to retirement to receive the actuarial
         equivalent of the standard form of benefit determined under paragraph
         a, on the date of retirement, in accordance with any one of the
         following options:

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                           (i) a single lump-sum payment payable within 30 days
                  following retirement;

                           (ii) effective October 1, 2000, a single lump-sum
                  payment payable within 30 days following the end of the
                  calendar year in which the Participant retires. Interest on
                  the lump-sum deferral shall accrue and be paid with the
                  lump-sum; such interest to be computed at the applicable
                  interest rate, as defined in Section 417(e)(3)(A)(ii)(II) of
                  the Code, in effect on the date of retirement;

                           (iii) a reduced monthly retirement benefit commencing
                  within 30 days following retirement and payable to such
                  Participant for his lifetime following his retirement, with
                  the continuance of a monthly benefit equal to fifty percent
                  (50%) of such reduced amount after his death to his
                  Beneficiary during the lifetime of the Beneficiary, provided
                  that such Beneficiary is living at the time of such
                  Participant's retirement and survives him;

                           (iv) a reduced monthly retirement benefit commencing
                  within 30 days following retirement and payable to such
                  Participant for his lifetime following his retirement, with
                  the continuance of a monthly benefit equal to one hundred
                  percent (100%) of such reduced amount after his death to his
                  Beneficiary during the lifetime of the Beneficiary, provided
                  such Beneficiary is living at the time of such Participant's
                  retirement and survives him.

                           (v) annual installments of up to ten payments, the
                  first of which shall be paid within 30 days following
                  retirement, and subsequent installments of which shall be paid
                  on the anniversary date of the payment of the first
                  installment. Such installments shall be determined by dividing
                  the commuted lump-sum equivalent of the supplemental
                  retirement benefit (determined in the same manner as under the
                  Lubrizol Pension Plan) by the number of installments to be
                  paid and adjusting for interest based on the interest rate
                  used to determine the commuted lump-sum payment. Installments
                  after the first installment shall include such interest which
                  accrues during the 12-month period occurring since the date
                  the prior installment was paid.

         Notwithstanding the foregoing provisions of the Plan to the contrary,
if the present actuarial value of any retirement benefit or survivor benefit
under the Plan to any person, determined as described above, is less than
$25,000, such benefit shall be paid in a single lump-sum payment to such person
within 30 days following retirement.

         Section 7. Payment in the Event of Death Prior to Commencement of
Distribution. Effective February 26, 2001, if a Participant dies prior to
commencement of benefits under the Plan, his surviving spouse, if any, shall be
eligible for a survivor benefit which is equal to one-half of the reduced
monthly benefit the Participant would have received under the Plan if the
Participant was 100 percent vested in his accrued supplemental retirement
benefit, had terminated employment on the day before his death and had elected
to receive his benefit hereunder in the form of a 50 percent joint and survivor
annuity. In

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making the determinations and reductions required in this Section 7, the Company
shall apply the assumptions then in use under the Lubrizol Pension Plan. For
purposes hereof, a surviving spouse shall only be eligible for a benefit under
this Section 7, if such spouse had been married to the deceased Participant for
at least one year as of the date of the Participant's death.

         Section 8. Actuarial Factors. All actuarial assumptions and factors
used in this Plan shall be the same as those used in the Lubrizol Pension Plan.

         Section 9. Funding. The obligation of the Company to pay benefits
provided hereunder shall be unfunded and unsecured and such benefits shall be
paid by the Company out of its general funds. In order to provide a source of
payment for its obligations under the Plan, the Company may cause a trust fund
to be maintained and/or arrange for insurance contracts. Subject to the
provisions of the trust agreement governing any such trust fund or the insurance
contract, the obligation of the Company under the Plan to provide a Participant
with a benefit shall nonetheless constitute the unsecured promise of the Company
to make payments as provided herein, and no person shall have any interest in,
or a lien or prior claim upon, any property of the Company.

         Section 10. Plan Administrator. The Company shall be the plan
administrator of the Plan. The plan administrator shall perform all ministerial
functions with respect to the Plan. Further, the plan administrator shall have
full power and authority to interpret and construe the Plan and shall determine
all questions arising in the administration, interpretation, and application of
the Plan. Any such determination shall be conclusive and binding on all persons.
The plan administrator shall employ such advisors or agents as it may deem
necessary or advisable to assist it in carrying out its duties hereunder.

         Section 11. Not a Contract of Continuing Employment. Nothing herein
contained shall be construed as a commitment or agreement on the part of the
Participant to continue his employment with the Company, and nothing herein
contained shall be construed as a commitment or agreement on the part of the
Company to continue the employment or the annual rate of compensation of the
Participant for any period, and the Participant shall remain subject to
discharge to the same extent as if this Plan had never been put into effect.

         Section 12. Right of Amendment and Termination. Effective October 1,
1994, the Company reserves the right to amend or terminate the Plan in whole or
in part at any time and to suspend operation of the Plan, in whole or in part,
at any time, by resolution or written action of its Board of Directors or by
action of a committee to which such authority has been delegated by the Board of
Directors; provided, however, that no amendment shall result in the forfeiture
or reduction of the interest of any Participant or person claiming under or
through any one or more of them pursuant to the Plan. Any amendment of the Plan
shall be in writing and signed by authorized individuals.

         Section 13. Termination and Distribution of Accrued Benefits. The Plan
may be terminated at any time by the Company, and in that event the amount of
the accrued benefits as of the date of such termination shall remain an
obligation of the Company and shall be payable as if the Plan had not been
terminated.

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         Section 14. Construction. Where necessary or appropriate to the meaning
hereof, the singular shall be deemed to include the plural, the plural to
include the singular, the masculine to include the feminine, and the feminine to
include the masculine.

         Section 15. Severability. In the event any provision of the Plan is
deemed invalid, such provision shall be deemed to be severed from the Plan, and
the remainder of the Plan shall continue to be in full force and effect.

         Section 16. Governing Law. Except as otherwise provided, the provisions
of the Plan shall be construed and enforced in accordance with the laws of the
State of Ohio.<PAGE>

                                                                 Exhibit (10)(k)
                            THE LUBRIZOL CORPORATION

                     Deferred Compensation Plan For Officers

                        (Amended as of February 24, 2003)

1. Purpose. The purpose of this Deferred Compensation Plan For Officers (the
"Plan") is to permit an officer (as identified by the Company for Section 16
purposes under the Securities Exchange Act of 1934) (sometimes hereinafter
referred to as "officer" or as the "Participant") of The Lubrizol Corporation
(the "Company"), who wishes, to defer a portion of such officer's compensation
as provided in the Plan.

2. Administration. The Plan shall be administered by the Organization and
Compensation Committee of the Board of Directors of the Company (the
"Committee"). The Committee's interpretation and construction of all provisions
of the Plan shall be binding and conclusive upon all Participants and their
heirs and/or successors.

3. Right to Defer Compensation.

         (a) An officer of the Company may, at any time prior to January 1 of a
given calendar year, elect, for one or more future successive calendar years, to
defer under the Plan a pre-selected amount of such officer's cash compensation,
including bonus, which such officer may thereafter be entitled to receive for
services performed during such elected calendar year or years.

         (b) The election under this Section 3 shall take effect on the first
day of the calendar year following the date on which the election is made and
such election shall be irrevocable for any elected calendar year after such
elected calendar year shall have commenced.

         (c) The pre-selected amount that an officer may elect to defer shall be
one or more of the following:

               (i)  a fixed dollar amount or percentage of the officer's
                    bi-weekly base salary;

               (ii) a fixed dollar amount or percentage of the officer's
                    quarterly pay;

               (iii) a fixed dollar amount or percentage of the officer's
                    participation in the performance pay plan, if any.

               (iv) a fixed dollar amount or percentage of the officer's
                    participation in the long term incentive plan, if any.

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               (v)  a fixed number of shares or percentage of the officer's
                    stock compensation in the performance share program.

               (vi) a fixed number of shares or percentage of the officer's
                    stock compensation in the long term incentive program, if
                    any.

              (vii) a fixed number of shares or percentage of the officer's
                    stock compensation pursuant to an employment agreement dated
                    as of January 1, 2003.

         (d) Notwithstanding paragraphs (a), (b) and (c), where an officer first
becomes eligible to participate in the Plan, the newly eligible officer may make
the election under this Section 3 to defer the specified compensation for
services to be performed subsequent to the election and for the remainder of the
calendar year in which the election under this Section 3 is made provided such
election is made within 30 days after the date the officer first becomes
eligible.

         (e) Within such periods of time as the Committee shall designate, and
in addition to the provisions of paragraphs (a) through (d), an officer may
elect to defer that portion or all of the officer's cash and/or stock
compensation (i) described in paragraph (c) and/or (ii) any other plan or
program that provides for cash or stock compensation, to the extent that such
amounts would otherwise be nondeductible by the Company pursuant to Section
162(m) of the Internal Revenue Code of 1986, as amended. For purposes of the
preceding sentence, the amount to be deferred with respect to any compensation
plans payable in Company shares shall be determined by taking into consideration
any fixed cash compensation (including biweekly and quarterly pay) to be
received subsequent to the date on which shares are distributable under such
program. Notwithstanding any other provision of this Plan, deferrals under this
paragraph (e) shall be distributable only upon termination of employment in
accordance with Section 6.

         (f) All elections under this Plan shall be made by written notice
delivered to the Vice President, Human Resources, of the Company specifying (i)
the number of calendar years, one or more, during which the election shall
apply, (ii) the portion, if any, determined under paragraph (c), of each
category of the Participant's compensation to be deferred for such year or
years, as described above, (iii) the time of distribution, and (iv) if,
applicable, the payment option as provided in Section 6 for distributions upon
termination of employment.

         (g) A Participant may designate that the deferral election under this
Section 3 shall remain in effect until the Participant, on a prospective basis,
withdraws the election or changes the amount to be deferred. Any notice of the
withdrawal of the deferral election or change of amount to be deferred shall be
effective on the first day of the calendar year following the date on which such
notice is given to the Company's Vice President, Human Resources; provided that,
such notice shall not change, alter or terminate the deferral of the officer's
participation in the performance pay plan for the year in which such notice of

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withdrawal is given which, except for the deferral, would be payable in the
calendar year following the date on which such notice of withdrawal is given.

         (h) Notwithstanding paragraph (f) and the first sentence of paragraph
(g), any compensation earned after the end of the first month in which a
Participant under this Plan no longer is an officer of the Company, as defined
in Section 1, but continues to be employed by the Company, shall not be
deferred, provided however, the balance in the Participant's Deferral Accounts
shall continue to be held and administered pursuant to the Plan.

4. Deferral of Cash Compensation.

         (a) On the date the cash compensation deferred under the Plan would
have become payable to the Participant in the absence of an election under the
Plan to defer payment thereof, the amount of such deferred compensation shall be
credited to a Stock Deferral Account and/or any of the Cash Deferral Account
investment portfolios designated as available by the Committee from time to
time. All Deferral Accounts shall be established and maintained for each
Participant in the Company's accounting books and records and the Company shall
be under no obligation to purchase any investments designated by the
Participant. To the extent that, at the time amounts are credited to a
Participant's Deferral Accounts, any federal, state or local payroll withholding
tax applies (e.g., Medicare withholding tax), the Participant shall be
responsible for the payment of such amount to the Company and the Company shall
promptly remit such amount to the proper taxing authority. Notwithstanding the
foregoing, any cash compensation deferred under Section 3(c)(iv) shall be
credited to the fixed income fund in the Cash Deferral Account and shall not be
eligible for transfer to any other investments.

         (b) Participant's Cash Deferral Accounts shall be credited with any
gains or losses equal to those generated as if the Participant's Cash Deferral
Account balances had been invested in the applicable investment portfolio(s)
selected by the Participant

         (c) A Participant's deferred cash compensation credited to a
Participant's Stock Deferral Account shall be used to determine the number of
full and fractional units ("Units") representing Company Common Shares
("Shares") which the deferred amount would purchase at the closing price for the
Shares on the New York Stock Exchange ("NYSE") composite transactions reporting
system on the date that the deferred amount is credited pursuant to paragraph
(a) and if Shares were not traded on that date on the NYSE, then such
computation shall be made as of the first preceding day on which Shares were so
traded. The Company shall credit the Participant's Stock Deferral Account with
the number of full and fractional Units so determined. A Participant's Stock
Deferral Account shall be administered in accordance with Section 5(b) through
(e).

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         (d) A Participant may elect pursuant to rules established by the
Committee to transfer a portion or all of the balance of any Deferral Account
established under this Section 4 to any other such Deferral Account.

         (e) Notwithstanding the foregoing, and other than cash deferrals under
Section 3(c)(iv), a Participant may elect to have any portion or all of the
Participant's cash deferrals credited to any of the Deferral Accounts listed in
paragraph (a) and may transfer balances in accordance with paragraph (d)
provided that the Participant is considered, in the judgment of the Chief
Executive Officer of the Company, to be on plan to meet the Participant's
Company Share ownership guideline. Otherwise, a Participant must elect that at
least 50% of any cash deferral hereunder (other than cash deferred under Section
3(c)(iv)) be credited to a Stock Deferral Account and may not transfer any
portion of the balance of the Stock Deferral Account to another Deferral
Account.

5. Deferral of Stock Compensation.

         (a) At the time that Shares are distributable to a Participant, who has
elected to defer the receipt thereof under Section 3(c) or (e), in lieu of
Shares being issued, there shall be credited to a separate Stock Deferral
Account for the Participant, full stock equivalent units ("Units') which shall
be established and maintained on the Company's records. One Unit shall be
allocated to the Stock Deferral Account for each such Share. The balance of a
Stock Deferral Account established under this Section 5(a) pursuant to deferrals
under Section 3(c)(v), (vi) or (vii) may not be transferred to any other
Deferral Account.

         (b) As of each dividend payment date established by the Company for the
payment of cash dividends with respect to its Shares, the Company shall credit
each separate Stock Deferral Account of a Participant with an additional number
of whole and/or fractional Units equal to:

                  (i)      the product of (x) the dividend per Share which is
                           payable with respect to such dividend payment date,
                           multiplied by (y) the number of whole and fractional
                           Units credited to the separate Stock Deferral Account
                           of a Participant as of such payment date;

                                            divided by

                  (ii)     The closing price of a Share on the dividend payment
                           date (or if Shares were not traded on that date, on
                           the next preceding day on which Shares were so
                           traded), as reported on the NYSE-composite tape.

         (c) At no time prior to actual delivery of Shares pursuant to the Plan,
shall the Company be obligated to purchase or reserve Shares for delivery of a
Participant and the Participant shall not be a shareholder nor have any of the

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rights of a shareholder with respect to the Units credited to the Participant's
Stock Deferral Accounts.

         (d) To the extent that, at the time Units are credited to a Stock
Deferral Account of a Participant, any federal, state or local payroll
withholding tax applies (e.g., Medicare withholding tax), the Participant shall
be responsible for the payment of such amount to the Company and the Company
shall promptly remit such amount to the proper taxing authority.

         (e) In the event of any change in the number of outstanding Shares by
reason of any stock dividend, stock split up, recapitalization, merger,
consolidation, exchange of shares or other similar corporate change, the number
of Units in each separate Stock Deferral Account of a Participant shall be
appropriately adjusted to take into account any such event.

6. Payment of Deferred Compensation upon Termination.

         (a) The total amount standing as a credit in a Participant's Cash
Deferral Accounts shall, upon termination of employment, be payable to the
Participant either in a lump sum or in periodic installments over such period,
not exceeding ten years, as the Participant shall have selected pursuant to
Section 3(f)(iv). Such periodic payments shall begin or the lump sum payment
shall be made, as the case may be, from the Participant's Cash Deferral
Accounts, at such time, not more than twelve (12) months after the Participant
ceases to be an employee of the Company, as the Participant shall have selected
pursuant to Section 3 (f)(iv). All amounts payable in accordance with this
Section 6(a) shall be subject to applicable federal, state and/or local payroll
withholding taxes then in effect. Notwithstanding the foregoing, a Participant
may elect no later than thirty (30) days prior to the Participant's termination
of employment, nor earlier than ninety (90) days prior thereto, to change the
form of distribution of the Participant's Cash Deferral Accounts.

         (b) The amount of each installment payable to a Participant shall be
determined by dividing the aggregate balance of such Participant's Cash Deferral
Accounts by the number of periodic installments (including the current
installment) remaining to be paid. Until a Participant's Cash Deferral Accounts
has been completely distributed, the balance thereof remaining, from time to
time, shall be credited with gains and losses on a monthly basis as provided in
Section 4(b).

         (c) The total number of Units credited to the Participant's Stock
Deferral Accounts shall upon termination of employment be payable to the
Participant either in a lump sum or in periodic installments, over such period,
not exceeding ten years, as the Participant shall have selected pursuant to
Section 3(f)(iv). Such periodic payments shall begin or the lump sum payment
shall be made, as the case may be, at such time, not more than twelve (12)
months after the Participant ceased to be an employee of the Company, as the
Participant shall have selected pursuant to Section 3(f)(iv). All amounts
payable in

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accordance with this Section 6(c) shall be subject to applicable federal, state
and/or local payroll withholding taxes then in effect. Notwithstanding the
foregoing, a Participant may elect no later than thirty (30) days prior to the
Participant's termination of employment, no earlier than ninety (90) days prior
thereto, to change the form of distribution of the Participant's Stock Deferral
Accounts.

         (d) The amount of any installment payable from the Stock Deferral
Accounts to a Participant shall be determined by dividing the balance of the
aggregate number of Units in the Participant's Stock Deferral Accounts by the
number of periodic installments (including the current installment) remaining to
be paid and the quotient shall be the number of Shares that are payable. If the
determination of the installment payable from the Participant's Stock Deferral
Accounts results in a fractional Share being payable, the installment payment
shall exclude any such fractional Share payment except that, in the final
installment payment, any such fractional Share shall be paid in cash in an
amount as determined by the Committee. Until the Participant's Stock Deferral
Accounts have been completely distributed, the balance in the Stock Deferral
Accounts shall continue to be credited with the dividend equivalents on such
balances as provided in Section 5(b).

         (e) If the Participant elects to satisfy tax withholding under
paragraph (c) with Shares, then such withholding shall be from those Shares
otherwise issuable pursuant to paragraph (c) above, and shall be such number of
Shares that will provide for the federal, state and/or local income tax at the
rates then applicable for supplemental wages, unless otherwise requested by the
Participant, but in no event less than the statutory minimums for tax
withholding.

         (f) For purposes under paragraph (e) of determining the number of
Shares that are to be withheld to provide for the tax withholding, Shares shall
be valued at the closing price on the New York Stock Exchange of a Share on the
date the Shares are distributable (or if the Shares were not traded on that
date, on the next preceding day on which the Shares were so traded). If the
determination of the tax withholding would require the withholding of a
fractional Share, the Participant shall remit cash to the Company in lieu of
such fractional Share.

         (g) In the event a Participant dies prior to receiving payment of the
entire amount in that Participant's Cash Deferral Accounts and/or Stock Deferral
Accounts, as the case may be, the unpaid balance shall be paid to such
beneficiary as the Participant may have designated in writing to the Vice
President, Human Resources, of the Company as the beneficiary to receive any
such post-death distribution under the Plan or, in the absence of such written
designation, to the Participant's legal representative or to the beneficiary
designated in the Participant's last will as the one to receive such
distributions. Distributions subsequent to the death of a Participant may be
made either in a lump sum or in periodic installments in such amounts and over
such period, not exceeding ten years from the date of death, as the Committee
may direct and

                                       6
<PAGE>

the amount of each installment shall be computed as provided in Section 6(b),
and (d) as the case may be.

         (h) Payments from the Cash Deferral Accounts shall be made in cash and
payments from the Stock Deferral Accounts shall be made in Shares. The amount of
any distribution pursuant to Sections 6 through 9 shall reduce the balance held
in the Participant's corresponding Deferral Accounts as of the date of such
distribution. Installment payments shall be made pro-rata from a Participant's
Deferral Accounts.

7. In-Service Distributions. Pursuant to Section 3 and other than for deferrals
pursuant to Sections 3(c)(v), (vi), (vii) and 3(e), a Participant may elect to
receive an in-service distribution of all or any specified percentage of the
Participant's deferral for any calendar year commencing not earlier than the
first calendar year following the year that such compensation would have been
payable. In-service distributions shall be made in a lump sum payment. A
Participant may elect once for any calendar year of deferral for which the
Participant has elected an in-service distribution, to change the date of
distribution to another in-service year or upon termination; provided, however,
that any such modification must be made in writing at least twelve (12) months
prior to the date originally elected for the in-service distribution.
Notwithstanding the foregoing, any distribution hereunder shall be subject to
further deferral pursuant to an election under Section 3(e).

8. Special Distributions. Notwithstanding any other provision of this Plan, a
Participant may elect to receive distribution of part or all of the total of
Participant's eligible Deferral Accounts, other than from deferrals pursuant to
Sections 3(c)(v), (vi), (vii) and 3(e), in one or more distributions if (and
only if) the amount of the distribution is reduced by ten (10) percent. The ten
(10) percent reduction shall be forfeited. Distributions shall be made pro-rata
among Participant's eligible Deferral Accounts. Any distribution made pursuant
to such an election shall be made within sixty (60) days of the date such
election is submitted to Vice President - Human Resources. Notwithstanding the
foregoing, any distribution hereunder shall be limited to an amount that would
not be subject to further deferral pursuant to an election under Section 3(e).

9. Hardship Distributions. The Committee may accelerate the distribution of part
or all, in any or all, of a Participant's Deferral Accounts for reasons of
severe financial hardship. For purposes of the Plan, severe financial hardship
shall be deemed to exist in the event the Committee determines that a
Participant needs a distribution to meet immediate and heavy financial needs
resulting from a sudden or unexpected illness or accident of the Participant or
a member of the Participant's family, loss of the Participant's property due to
casualty, or other similar extraordinary and unforeseeable circumstance arising
as a result of events beyond the control of the Participant. A distribution
based on financial hardship shall not exceed the amount required to meet the
immediate financial need created by the hardship.

                                       7
<PAGE>

10. Non-assignability. None of the rights or interests in any of the
Participant's Deferral Accounts shall, at any time prior to actual payment or
distribution pursuant to the Plan, be assignable or transferable in whole or in
part, either voluntarily or by operation of law or otherwise, and such rights
and interest shall not be subject to payment of debts by execution, levy,
garnishment, attachment, pledge, bankruptcy or in any other manner; provided
that, upon the occurrence of any such assignment or transfer or the attempted
assignment or transfer, all payments hereunder shall be payable in the sole and
unrestricted judgment and discretion of the Committee, as to time and amount
(including a lump sum amount), and shall be distributable to the person who
would have received the payment but for this Section 10 only at such time or
times and in such amounts as the Committee, from time to time, and in its sole
and unrestricted judgment and discretion, shall determine. Should an event
covered by this Section 10 occur prior to the death of a Participant, the
balance, if any, in the Participant's accounts shall, after such death, be
thereafter distributed as provided in Section 6 subject to the provisions of
this Section 10.

11. Interest of Participant. The Company shall be under no obligation to
segregate or reserve any funds or other assets for purposes relating to the Plan
and, except as set forth in this Plan, no Participant shall have any rights
whatsoever in or with respect to any funds or other assets held by the Company
for purposes of the Plan or otherwise. Each Participant's accounts maintained
for purposes of the Plan merely constitute bookkeeping entries on records of the
Company, constitute the unsecured promise and obligation of the Company to make
payments as provided herein, and shall not constitute any allocation whatsoever
of any cash, shares or other assets of the Company or be deemed to create any
trust or special deposit with respect to any of the Company's assets.
Notwithstanding the foregoing provisions, nothing in this Plan shall preclude
the Company from setting aside Shares or funds in trust pursuant to one or more
trust agreements between a trustee and the Company. However, no Participant
shall have any secured interest or claim in any assets or property of the
Company or any such trust and all Shares or funds contained in such trust shall
remain subject to the claims of the Company's general creditors.

12. Amendment. The Board of Directors of the Company, or the Organization and
Compensation Committee may, from time to time, amend or terminate the Plan,
provided that no such amendment or termination of the Plan shall adversely
affect a Participant's accounts as they existed immediately before such
amendment or termination or the manner of distribution thereof, unless such
Participant shall have consented thereto in writing. Notice of any amendment or
termination of the Plan shall be given promptly to all Participants.

13. Plan Implementation. This Plan is adopted and effective on the 25th day of
July, 1994, as amended on June 17, 1995, as further amended September 25, 1995,
effective as of January 1, 1995, further amended on September 22, 1997 and
further amended on September 27, 1999, effective as of January 1, 2000;
provided, however that any deferrals made hereunder into a Stock Deferral
Account prior to January 1, 2000, shall be governed by the provisions of the
Plan in effect prior to January 1, 2000, further amended on February 28, 2000,

                                       8
<PAGE>

effective as of January 1, 2000, further amended on March 11, 2000, further
amended on November 12, 2001, further amended on November 11, 2002 and further
amended on February 24, 2003.

                                       9

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