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Exhibit 10.8    
    

 
 

MOLSON COORS BREWING COMPANY
  2005 MOLSON COORS INCENTIVE PLAN
  (MCIP)    
    

PARTICIPANTS:  

        The following employees are eligible to participate in the 2005 Molson Coors Incentive Plan (the "Plan"): 

	o
	All
exempt employees working in business units: Coors US, Molson Canada, CBW or Corporate Center

	o
	All
non-exempt employees who are not working in a plant production environment 

        See Schedule A attached hereto and hereby made a part of this Plan for clarification on grade levels participating in this Plan. 

BONUS PAYOUT PARAMETERS:  

        All participants will be evaluated based on two or more bonus components, including the achievement of Company and/or Business Unit profit/volume performance
goals, individual performance goals, and plant goals, if applicable. 

        Participants
who are newly hired or promoted into an eligible position during the Plan year (defined as the company's accounting year) will be eligible to receive a prorated share of the
incentive payment based on the number of calendar days spent in an eligible position divided by the actual number of days during the Plan year. Non-exempt part-time
participants will be eligible to receive a prorated incentive payment based on eligible standard hours worked in the Plan year (overtime hours are excluded for bonus calculations) as a percentage of
standard full-time hours for the Plan year. 

PARTICIPATION LEVELS AND PARAMETERS:  

        Annual target payout percents are set based on salary bands or levels and positions. The salary bands, levels, positions and applicable participation target
payout percents, as of January 1, 2005, or the new hire/promotion date if later, are depicted in Schedule A attached hereto and hereby made a part of this Plan. 

        If
a participant in the Plan changes salary bands/levels during the calendar year and the target payout percentage changes, the participant's bonus will be based upon a prorated
calculation using the number of days during the calendar year in each salary band and applying the target percentages and performance goals applicable to each salary band. If a participant changes
salary bands/levels during the year but the target payout percent does not change, the original salary band target and performance goals shall continue to apply and there shall be no proration of the
bonus calculation. 

        All
participants will be measured on some combination of company/business unit and individual performance goals, depending on their position in the company, in accordance with the tables
set forth in Schedule B. 

COMPANY FINANCIAL TARGETS:  

        Achievement of annual Company and/or Business Unit goals will be measured using two factors volume growth and profit growth. Volume growth for 2005 will be based
on growth in sales removals for the Molson Canada, Coors US and CBW Business Units. Profit growth will be based on growth in earnings before interest and taxes ("adjusted EBIT") for all programs
except the Molson Coors—Global program that will be measured on Pretax Earnings for 2005. The measurements will be calculated before special charges or credits and after incentive plan
payouts (in millions), including special incentive plan arrangements; computed in accordance with the Company /Business Unit 

 

Component
Payout graph set forth on Schedule C attached hereto and hereby made a part of this Plan. Schedule C illustrates a performance matrix that will be used to establish payout
targets for 2005. The same matrix will be used for participants in the Molson Canada, Coors-US and CBW programs with the appropriate targets set for volume and profit growth respectively. 

        For
2005, the profit and volume targets are as follows: 

	Business Unit
 
	 	Profit Growth Targets
	 	Volume / Revenue Growth Targets

	Molson Coors—Global	 	Pre-Tax Earnings (TBD)	 	Revenue (TBD)
	Coors—US	 	EBIT (TBD)	 	Volume (TBD)
	Molson—Canada	 	EBIT (TBD)	 	Volume (TBD)
	CBW	 	(TBD)	 	Volume (TBD)

        At
the Company's sole discretion, it may choose to use line/operational results as a substitute for certain organizational targets in lieu of the Company profit targets. 

        Definitions:

        Adjusted EBIT—Earnings before Interest and Taxes for external financial reporting purposes as reflected in the financial
statements and information to be included in the Company's Annual Report such financial statements and information hereafter referred to as the "Annual Financials". Earnings are defined as Revenues
(amounts received from the sales of beer) less Costs (manufacturing costs including brewing, packaging, raw materials, and freight, and all other costs required to run the business including
marketing, selling, support costs, etc.). This includes both Domestic and International and would also include the revenue and expenses associated with entering an international market. 

        Volume—Based on sales removals, which are defined as the actual volume of beer removed from a Distributor to a Retailer for
the Molson Canada, Coors US and CBW Business Units. 

        Revenue—Based on total net sales for the Company. 

        Pretax Earnings—Income before income taxes for external financial reporting purposes as reflected in the Annual Financials.
Income is defined as Revenues (amounts received from the sales of beer) less Costs (manufacturing costs including brewing, packaging, raw materials, and freight, and all other costs required to run
the business including marketing, selling, support costs, interest expense/(income), etc.). This includes both Domestic and International and would also include the revenue and expenses associated
with entering an international market. 

        Special Charges (Credits)—Extraordinary items (one-time unusual events) which are set forth on Schedule D
attached hereto and hereby made a part of this Plan or which are otherwise separately identified in the Company's Annual Financials. 

        If
the Company profit goals are achieved, each eligible participant will receive a bonus with a portion based on the Company component. None of the Company bonus portion will be paid if
growth falls below a minimum targets set forth in the following table. 

	Business Unit
 
	 	Minimum Profit Growth Targets
	 	Minimum Volume/ RevenueGrowth Targets

	Molson Coors—Global	 	TBD	 	TBD
	Coors—US	 	TBD	 	TBD
	Molson—Canada	 	TBD	 	TBD
	CBW	 	TBD	 	TBD

        Individuals
with Plant responsibility will be linked to performance measures for hourly employees in Operations as set forth by Senior Operations Leadership, HR and Compensation. 

2

 

INDIVIDUAL PERFORMANCE GOALS:  

        The individual portion of the incentive is based on both Company profit/volume performance and achievement of individual performance goals. The individual
incentive opportunity will increase or decrease, based on performance, according to whether an individual is Below Target (BT), On Target
(OT), or Above Target (AT), according to guidelines developed by Human Resources, and on Company profit/volume performance, in accordance with the parameters set forth on Schedule E attached
hereto and hereby made a part of this Plan. The actual individual multiplier to be used for each individual employee will fall within the ranges shown on Schedule E, depending upon both
individual performance and Company performance, as determined by the supervisor of each individual employee. 

        Individual
performance goals will be documented and agreed upon by the later of February of the Plan year or 30 days after the start date in the Plan. Each participant will meet
with his or her immediate supervisor to develop individual goals in support of the Company strategies. The participant will write these goals and the supervisor will approve on-line before
implementation. At the end of the Plan year each supervisor must submit on-line the results of each individual performance goal and an individual performance multiplier, which shall fall
within the parameters set forth on Schedule C, based upon both individual and Company performance. 

PLANT PERFORMANCE:  

        The final portion of the bonus applies to those individuals with plant responsibilities. This piece will be funded separately from the corporate component,
according to specific plant performance measures as identified by Human Resources and plant senior management. Payouts will be based on achievement against specifically identified goals. 

COVERED EMPLOYEE ANNUAL INCENTIVE AWARDS  

        In order to preserve the deductibility of bonuses paid pursuant to this Plan as "performance-based compensation" under Code Section 162(m), the final
determination and payment of bonuses to the Company's Chief Executive Officer and to the deduction limitations of Section 162(m) of the Code ("Covered Employees") shall be subject to the
provisions of a separate Covered Employee Annual Incentive Award under the Company's shareholder-approved Incentive Compensation Plan. 

FORM AND TIMING OF PAYMENTS:  

        At the end of the plan year final awards will be calculated. The payment of the Company bonus to certain individuals shall be subject to the additional
Compensation Committee of the Board of Directors certification requirements described below. Payments will be made as soon as practicable after the end of the plan year and after any necessary
Compensation Committee certification required under this Plan. 

FEDERAL, STATE AND FICA TAX WITHHOLDING:  

        The Company will be required to withhold all applicable payroll taxes based on the employee's location. 

TAX TREATMENT:  

        Participants realize taxable income at the date the incentive payout is received. 

3

 

DISCLAIMER:  

        The Compensation Committee of the Board of Directors reserves the right to change, amend or terminate this Plan at any time, for any reason at its sole
discretion. This Plan supersedes all prior documentation relating to the Annual Molson Coors Incentive Plan. 

NOT AN EMPLOYMENT CONTRACT:  

        At no time is this Plan to be considered an employment contract between the participants and the Company. It does not guarantee participants the right to be
continued as an employee of the Company. It does not affect a participant's right to leave the Company or the Company's right to discharge a participant. 

TERMINATION PROVISIONS:  

        Participants must be on the payroll as of 1-1-2006 to receive payment; with the exception of those US leaders who have Change in Control
agreements who must be on the payroll as of 3-1-2006. Any exceptions must be approved by the CEO, or by the Committee with respect to Covered Employees whose compensation is
subject to the deduction limitations of section 162(m) of the Code. Participants on LOA (leave of absence) will receive a prorata share based on days worked. 

4

 
SCHEDULE A  

Participation Levels 

Coors
US, CBW Business Units, Corporate 

	Level
 
	 	Current
	 
	L0	 	100	%
	L01	 	65	%
	L02	 	55	%
	L03	 	45	%
	L04	 	40	%
	E08	 	30	%
	E07	 	25	%
	E06	 	20	%
	E05	 	15	%
	E01—E04	 	10	%
	N01—N11	 	5	%

Molson Business Units 

	Level
 
	 	Current
	 
	CEO	 	100	%
	COO	 	75	%
	CFO	 	50	%
	13	 	40	%
	12	 	35	%
	11	 	30	%
	10	 	25	%
	9	 	20	%
	8	 	18	%
	7	 	15	%
	6	 	12	%
	5	 	10	%
	3/4	 	8	%
	1/2	 	6	%

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Schedule B  

Component Weightings 

US,
CBW, Global Business Units 

	 
	 	2005
	 
	Level
 
	 
	 	Company
	 	Individual
	 
	LOO	 	100	%	0	%
	L01	 	100	%	0	%
	L02

L03

L04	 	 

75	
%	  

25	
%
	E08	 	60	%	40	%
	E01-E07

N01-N11	 	50	%	50	%

Coors US Plant and Multi-Plant Programs 

	 
	 	2005
	 
	Level
 
	 
	 	Company
	 	Plant
	 	Individual
	 
	L03

L04	 	55	%	20	%	25	%
	E08	 	30	%	30	%	40	%
	E01-E07

N01-N11	 	20	%	30	%	50	%

Molson Business Unit 

	 
	 	2005
	 
	Level
 
	 
	 	Company
	 	Individual
	 
	COO	 	100	%	0	%
	10-13	 	75	%	25	%
	8-9	 	60	%	40	%
	4-7

1-3	 	50	%	50	%

6

 
SCHEDULE E  

  

7

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Exhibit 10.8

MOLSON COORS BREWING COMPANY 2005 MOLSON COORS INCENTIVE PLAN (MCIP)QuickLinks
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Exhibit 10.1    
    

 
 

SPX CORPORATION
  
  SUPPLEMENTAL RETIREMENT PLAN
  
  FOR TOP MANAGEMENT
  
  (As Amended and Restated effective January 1, 2002 and conformed to
  include amendments
effective through May 5, 2005)    
    

  

 
 

TABLE OF CONTENTS    
    

	 
	 	 
	 	page

	ARTICLE I    DEFINITIONS	 	2
	

  1.1  	
 	

Actuarial Equivalent	
 	

2
	1.2  	 	Affiliated Company or Affiliate	 	2
	1.3  	 	Beneficiary	 	2
	1.4  	 	Board	 	3
	1.5  	 	Code	 	3
	1.6  	 	Company	 	3
	1.7  	 	Committee or Compensation Committee	 	3
	1.8  	 	Continuous Service	 	3
	1.9  	 	Early Retirement Date	 	3
	1.10	 	Employee	 	3
	1.11	 	Final Average Pay	 	3
	1.12	 	Normal Retirement Age	 	4
	1.13	 	Normal Retirement Date	 	4
	1.14	 	Participant	 	4
	1.15	 	Plan	 	4
	1.16	 	SPX Qualified Plan	 	4
	1.17	 	SPX Qualified Plan Benefit	 	4
	1.18	 	Supplemental IARP	 	4
	1.19	 	Surviving Spouse	 	4
	1.20	 	Top Management Retirement Benefit	 	4
	1.21	 	Vested	 	4
	
ARTICLE II    ELIGIBILITY	
 	

5
	

2.1  	
 	

Participation	
 	

5
	2.2  	 	Top Hat Requirements and Reduction in Status	 	5
	2.3  	 	Removal From Participation	 	5
	
ARTICLE III    TOP MANAGEMENT RETIREMENT BENEFITS	
 	

6
	

3.1  	
 	

Normal Retirement	
 	

6
	3.2  	 	Early Retirement	 	6
	3.3  	 	Alternate Benefit	 	6
	3.4  	 	Form of Benefit	 	6
	3.5  	 	Commencement of Benefit	 	6
	3.6  	 	Actuarial Equivalent	 	7
	3.7  	 	Source of Benefit Payments	 	7
	 	 	 	 	 

i

 

	
ARTICLE IV    TOP MANAGEMENT PRE RETIREMENT DEATH BENEFIT	
 	

8
	

4.1  	
 	

Survivor Benefits	
 	

8
	
ARTICLE V    ADMINISTRATION OF THE PLAN	
 	

9
	

5.1  	
 	

Administration by the Company	
 	

9
	5.2  	 	General Power of Administration	 	9
	
ARTICLE VI    AMENDMENT OR TERMINATION	
 	

10
	

6.1  	
 	

Amendment or Termination	
 	

10
	6.2  	 	Effect of Amendment or Termination	 	10
	
ARTICLE VII    GENERAL PROVISIONS	
 	

11
	

7.1  	
 	

Funding	
 	

11
	7.2  	 	General Conditions	 	11
	7.3  	 	No Guaranty of Benefits	 	11
	7.4  	 	No Enlargement of Employee Rights	 	11
	7.5  	 	Spendthrift Provision	 	11
	7.6  	 	Applicable Law	 	11
	7.7  	 	Automatic Cashout	 	11
	7.8  	 	Incapacity of Recipient	 	11
	7.9  	 	Corporate Successor	 	11
	7.10	 	Unclaimed Benefit	 	12
	7.11	 	Limitations on Liability	 	12
	7.12	 	Duties of Participants, Spouses of Participants, Beneficiaries, and Surviving Spouses	 	12
	
ARTICLE VIII    CHANGE-OF-CONTROL	
 	

13
	

8.1  	
 	

Benefit Rights Under Change-of-Control	
 	

13
	8.2  	 	Definition of Change-of-Control	 	13
	8.3  	 	Excess Parachute Payments by the Company	 	13
	
ARTICLE IX    SPECIAL PROVISIONS	
 	

16
	
APPENDIX A    Special Provisions for Peter M. Turner, Donald H. Johnson, and A. David Joseph (Group "A" Participants)	
 	

18
	APPENDIX B    Special Provisions for Budd Werner and Curt Atkisson ("Group B Participants")	 	19
	APPENDIX C    Special Provisions for Dale Johnson	 	20
	APPENDIX D    Special Provisions for David Reynolds	 	21
	APPENDIX E    Special Provisions for John Tyson	 	22
	APPENDIX F    Special Provisions for Fred Florjancic	 	23
	APPENDIX G    Special Provisions for Jay Caraviello and William Griffiths	 	24
	APPENDIX H    Special Provisions for Ross Bricker	 	25
	
TABLE A    Actuarial Factors	
 	

 

ii

 
 

SPX CORPORATION
  SUPPLEMENTAL RETIREMENT PLAN
  FOR TOP MANAGEMENT    
    

The
SPX Corporation Supplemental Retirement Plan For Top Management (the "Plan") was adopted effective October 22, 1985, amended from time to time thereafter and is now amended and restated,
effective as of January 1, 2002. The Plan is established and maintained by SPX Corporation for the purpose of providing supplemental retirement income benefits to a limited number of top
management employees largely responsible for enhancing the earnings and growth of SPX Corporation. Accordingly, SPX Corporation hereby adopts the Plan pursuant to the terms and provisions set forth
below. 

The
provisions set forth in this Plan are applicable only to Employees in the employ of SPX Corporation on or after the effective date of such provisions. Employees who retired with benefits
commencing prior to such date, or who became disabled or separated from the employ of SPX Corporation prior to that date, or an eligible beneficiary of such Employees, shall be eligible for the
benefits, if any, under the Plan as it existed at the time of retirement, disability or separation; or as subsequently amended to specifically apply to such prior occurrences. 

  

 
 

ARTICLE I
  DEFINITIONS    
    

        Wherever used herein the following terms shall have the meanings hereinafter set forth. Words in the masculine gender shall include the feminine and the singular
shall include the plural, and vice versa, unless qualified by the context. Any headings used herein are included for ease of reference only, and are not to be construed so as to alter the terms
hereof. 

        1.1   "Actuarial Equivalent" means a benefit having the same value as the benefit it replaces.
Actuarial equivalency shall be determined on the basis of the following assumptions: 

	(a)
	For
purposes of converting a 100% joint and survivor annuity at Normal Retirement Age to a lump sum or a lump sum at any age to a 100% joint and survivor annuity at Normal Retirement
Age or at any other time, (i) mortality shall be based upon the table prescribed in Code Section 417(e)(3)(A)(ii)(I), (ii) the ages of the Participant and the Participant's spouse
shall be their actual ages and (iii) the assumed interest rate shall be the annual interest on 30-year Treasury securities, as published by the Board of Governors of the Federal
Reserve System, for the November prior to the Plan Year during the which the distribution is made.

	(b)
	For
purposes of converting a 100% joint and survivor annuity into a single life annuity, the factors set forth in Table A (attached hereto) shall be applied. If a Participant is not
married, such application shall be based on the assumption that the Participant is married and that he and his spouse are the same age. If a Participant is married, such application shall be based on
the actual ages of the Participant and the his spouse. For purposes of converting into any other optional annuity form of benefit available under the Plan, the 100% joint and survivor annuity shall
first be converted into a single life annuity, as describe above, after which the actuarial factors set forth in Appendix A of the SPX Qualified Plan (as amended) shall be applied. 

        1.2   "Affiliated Company" or
"Affiliate" means any corporation, trade or business entity which is a member of a controlled group of corporations, trades
or businesses, or an affiliated service group, of which the Company is also a member, as provided in Code Sections 414(b),(c),(m) or (o). 

        1.3   "Beneficiary" means a Participant's Beneficiary under the SPX Qualified Plan, or any person
or persons designated by a Participant to receive benefits payable in the event of the Participant's death before benefits under the Plan begin, or to receive the survivor benefits under any joint and
survivor benefit option after benefits under the Plan begin. Any separate designation of a Beneficiary under this Plan shall not be effective for any purpose unless and until it has been filed by the
Participant with the Committee on a form approved by the Committee. In the event that a Participant shall not have a Beneficiary, or if for any reason a Beneficiary designation shall be legally
ineffective, or if such Beneficiary predeceases the Participant, then, for purposes of the Plan, payments shall be made to the first surviving class, and in equal shares if there are more than one in
each class, of the following classes of preference beneficiaries: Participant's widow or widower, surviving children, surviving parents, surviving brothers or sisters, legal representative, provided
that if no legal representative is duly appointed and qualified within six months of the date of death of a deceased Participant, then payment shall be made to such persons as, at the date of the
Participant's death, would be entitled to share in the distribution of such deceased Participant's estate under the provisions of the statute governing the descent of intestate property, then in force
and effect in the state of Participant's residence. A Participant may, from time to time, on a form approved by and filed with the Committee, change the Beneficiary, provided that once benefit
payments have commenced to be paid to a Participant, his designation of a Beneficiary may only be changed for the period certain and life benefit as described at Section 6.8, Option 5 of
the SPX Qualified Plan. If payments under a period certain and life benefit have commenced to a Participant's designated Beneficiary and the Beneficiary dies before all payments 

2

 

under
such form of payment have been made, any remaining payments shall be made to the Beneficiary's estate. 

        A Participant's spouse shall no longer be eligible for the Top Management Retirement Benefit provided in Section 4.1(a) on the date of entry of a judgment
of divorce from that spouse, provided that a Participant may designate a former spouse as his Beneficiary in a written designation filed with the Committee after the date of entry of the judgment of
divorce and before his death.

        1.4   "Board" means the Board of Directors of the Company. 

        1.5   "Code" means the Internal Revenue Code of 1986, as amended from time to time, and any
regulations relating thereto. 

        1.6   "Committee" or "Compensation Committee"
means the Compensation Committee of the Board of Directors of SPX Corporation. 

        1.7   "Company" means (a) SPX Corporation, a Delaware corporation, (b) any
Affiliated Company or Affiliate provided that such Affiliated Company or Affiliate shall, subsequent to December 31, 1999, have been included in the definition of Company only to the extent so
designated by the officer of SPX Corporation responsible for compensation and benefits, or (c), to the extent provided in Section 7.9 below, any successor corporation or other entity resulting
from a reorganization, merger or consolidation into or with the Company, or a transfer or sale of substantially all of the assets of the Company. 

        1.8   "Continuous Service" for purposes of this Plan and effective as of January 1, 2002,
shall be equal to a Participant's Continuous Service as shown on the records of the SPX Qualified Plan. For purposes of this Plan only, in the event a Participant was employed by a business entity
acquired by the Company, his Continuous Service Commencement Date (as that term is defined in the SPX Qualified Plan) shall be the closing date of such acquisition. 

For
the application and calculation of Continuous Service or Credited Service (as that term is defined in the SPX Qualified Plan) for the period prior to January 1, 2002, the definitions of
Continuous Service and Credited Service in effect immediately prior to January 1, 2002, shall be used. 

        1.9   "Early Retirement Date" means the first day of the month coinciding with or next following
the date on which a Participant or former Participant meets all of the following requirements: 

	•
	terminated
employment with the Company, prior to attaining Normal Retirement Age;

	•
	after
such Participant is Vested under this Plan; and

	•
	when
the Participant has attained at least age 55, regardless of whether he or she attained such age prior to his termination of employment. 

        1.10 "Employee" means an employee of the Company or of an Affiliated Company who is a
participant under the SPX Qualified Plan (or any successor or replacement to the SPX Qualified Plan). 

        1.11 "Final Average Pay" shall mean the average monthly pay in the Participant's highest paid
three calendar years out of his last ten calendar years of Company employment, but with the following modifications: 

	(a)
	In
a Participant's last calendar year of Company employment, Final Average Pay will be based on the full year, by annualizing the Participant's last rate of pay for that year, and
including the bonus paid to the Participant during that year.

	(b)
	Those
items excluded from Compensation under the SPX Qualified Plan (including the payment of the "bank" portion of a Participant's SPX Corporation Executive EVA Incentive 

3

 

Compensation
Plan account as a result of termination of employment or Change of Control) shall also be excluded from Final Average Pay. 

	(c)
	For
purposes of this Plan, Final Average Pay shall be determined, regardless of the limit (if any) provided by Code Section 401(a)(17) or any other statutorily imposed limit. 

        1.12 "Normal Retirement Age" shall mean the Participant's age sixty-five (65). 

        1.13 "Normal Retirement Date" means the first day of the month coinciding with or next following
the date on which a Participant terminates employment with the Company on or after attainment of his Normal Retirement Age. 

        1.14 "Participant" means an Employee who is eligible to participate in this Plan pursuant to
Article II hereof. 

        1.15 "Plan" means this SPX Corporation Supplemental Retirement Plan For Top Management. 

        1.16 "SPX Qualified Plan" means the SPX Corporation Individual Account Retirement Plan (formerly
known as Pension Plan No. 3) and each predecessor, successor or replacement to the said SPX Qualified Plan. 

        1.17 "SPX Qualified Plan Benefit" means the aggregate benefit payable to and in respect of a
Participant pursuant to the SPX Qualified Plan and any other tax-qualified (within the meaning of Code Section 401(a)) defined benefit pension plans (within the meaning of Code
Section 414(j)) maintained by the Company and its Affiliates by reason of his termination of employment with the Company and all Affiliates. If benefits are paid under this Plan in a different
form than the SPX Qualified Plan Benefit, the SPX Qualified Plan Benefit shall be determined as an Actuarial Equivalent benefit in the same form. SPX Qualified Plan Benefits paid prior to payment
under this Plan shall (i) in the event of lump sum payments, be increased by the actual interest credits provided to SPX Qualified Plan participants between the date of payment under the SPX
Qualified Plan and the date of payment under this Plan, and (ii) in the event of monthly annuity payments, such payments shall be redetermined as if paid by the SPX Qualified Plan on Normal
Retirement Date or Early Retirement Date under this Plan. This redetermination shall include actual interest credits provided to SPX Qualified Plan participants between the date of payment under the
SPX Qualified Plan and the date of payment under this Plan. 

        1.18 "Supplemental IARP" shall mean the SPX Corporation Supplemental Individual Account
Retirement Plan. 

        1.19 "Surviving Spouse" means the person who is married to a Participant at the date of his
death. 

        1.20 "Top Management Retirement Benefit" means the benefit payable to a Participant, a Surviving
Spouse or a Beneficiary pursuant to the terms of this Plan. 

        1.21 "Vested" A Participant shall be Vested in his benefits under this Plan if he has
5 years of Continuous Service under the SPX Qualified Plan. 

4

 
 
 

ARTICLE II
  ELIGIBILITY    
    

        2.1   Participation.    An
Employee shall become a Participant hereunder upon designation as such by the Compensation Committee. Such
designation shall be made in writing and filed with the records of the Plan. The Compensation Committee shall promptly notify those employees selected as Participants hereunder of their participation
and anticipated benefits. If a Participant described in the preceding sentence dies prior to commencement of payment of a Normal or Early Retirement Benefit hereunder, a Top Management Retirement
Benefit shall be paid, as provided in Article IV. 

        2.2   Top
Hat Requirements and Reduction in Status.    No Employee shall be designated as a Participant hereunder unless the employee
qualifies for inclusion in a "select group of management or highly compensated employees" as defined in Sections 201(2), 301(a)(3), 401(a)(1) and 4021(b)(6) of Employee Retirement Income
Security Act of 1974, as amended ("ERISA"). In the event a Participant's compensation or level of responsibility is reduced so that such Participant no longer qualifies for inclusion in a "select
group of management or highly compensated employees," the individual shall cease to be a Participant. A Vested Participant shall not forfeit benefits accrued to the date he ceases to be a Participant,
while a non-Vested Participant shall forfeit all rights to benefits under the Plan. 

        2.3   Removal
From Participation.    Except in the event of a Change-of-Control (as defined in
Article VIII), the Compensation Committee may reexamine a non-Vested Participant's eligibility and make a new determination as to whether he shall be entitled to continue as a
Participant hereunder. If an Employee is removed from Participation pursuant to this Section 2.3, he and his Surviving Spouse or Beneficiary shall forfeit all rights to benefits under this
Plan, and shall again be eligible for a benefit (if any) under the Supplemental IARP. The Compensation Committee shall not be entitled to remove any Vested Participant from Participation, except as
described in Section 2.2 above or in the event of the termination of the Plan as to all Participants, in which case the Participant's Vested accrued benefits shall not be forfeitable. 

5

  

 
 

ARTICLE III
  TOP MANAGEMENT RETIREMENT BENEFITS    
    

        3.1   Normal
Retirement.    The Top Management Retirement Benefit payable to an eligible Participant on his Normal Retirement Date,
shall be a monthly amount in the form of a 100% joint and survivor annuity equal to the remainder of (a) minus (b), as described below: 

	(a)
	60%
of Final Average Pay multiplied by a ratio, the numerator of which is the Participant's Continuous Service (not to exceed 15) and the denominator of which is 15; minus

	(b)
	the
Participant's SPX Qualified Plan Benefit determined as of the Participant's Normal Retirement Date without regard to when such benefit is actually paid. 

        3.2   Early
Retirement.    The Top Management Retirement Benefit payable to an eligible Participant on his Early Retirement Date, shall
be a monthly amount equal to the Top Management Retirement Benefit to which he would be entitled at his Normal Retirement Date pursuant to Section 3.1 above, with the following adjustments: 

	(a)
	Amount
If Early Retirement Is Within Five Years of Normal Retirement Age.    The monthly amount of Early Retirement Benefit payable hereunder to
a Participant whose Early Retirement Date is within five (5) years of his Normal Retirement Age shall be an amount computed in the same manner as a benefit under Section 3.1 (without
regard to Section 3.1(b) above) based on his Final Average Pay and Continuous Service as of his Early Retirement Date.

	(b)
	Amount
If Early Retirement Is More Than Five Years From Normal Retirement Age.    The monthly amount of the Early Retirement Benefit payable
hereunder to a Participant whose Early Retirement Date is more than five years prior to his Normal Retirement Age shall be computed in the same manner as a benefit under Section 3.1 above
(without regard to Section 3.1(b)), based on his Final Average Pay and Continuous Service as of his Early Retirement Date, but such amount shall be reduced by one-twelfth (1/12) of
3% for each complete calendar month by which his first Early Retirement Benefit payment precedes his age 60.

	(c)
	Reductions
for Other Plans.    The benefit so determined shall be reduced by the SPX Qualified Plan Benefit, or the Actuarial Equivalent
thereof, if such benefit could not have been paid at such date. 

        3.3   Participation
in Supplemental IARP.    In addition to reducing a Participant's benefit under the Plan by his SPX Qualified Plan
Benefit, such Plan benefit shall also be reduced by his benefit under the Supplemental IARP, if any. In the event his benefit under the Supplemental IARP is higher than his benefit under the Plan, he
shall receive no benefits from this Plan. 

        3.4   Form
of Benefit.    A Participant may elect to have his Top Management Retirement Benefit payable in any optional form in which
the benefit from the SPX Qualified Plan is payable to the Participant (including a lump sum payment). A Participant must make a separate election for this Plan, which need not be the same as the
Participant's election under the SPX Qualified Plan. However, any option other than the automatic form of benefit under the SPX Qualified Plan must have been elected at least one year prior to a
Participant's Normal or Early Retirement Date. Failure to elect a different option will result in payment in the automatic form of benefit under the SPX Qualified Plan. 

        3.5   Commencement
of Benefit.    Payment of the Top Management Retirement Benefit to a Participant will commence no sooner than a date
chosen by a Participant when the Participant has both terminated employment and attained at least age 55, even if the Participant has chosen to begin his SPX Qualified Plan Benefit at an
earlier date. 

6

 

        3.6   Actuarial
Equivalent.    A Top Management Retirement Benefit which is payable in any other form or which commences at any time
other than the Participant's Normal Retirement Date, shall be the Actuarial Equivalent of the Top Management Retirement Benefit set forth in Section 3.1 above. 

        3.7   Source
of Benefit Payments.    Any Top Management Retirement Benefit payable to a Participant, a Surviving Spouse or a Beneficiary
shall be paid by the Company or from any trust created to provide such benefits. 

7

 
 
 

ARTICLE IV
  TOP MANAGEMENT PRE-RETIREMENT DEATH BENEFIT    
    

        4.1   Survivor
Benefits.    If a Vested Participant dies before his Top Management Retirement Benefit has commenced to be paid to him,
the Surviving Spouse or Beneficiary, as shall be applicable, shall receive a Top Management Retirement Benefit as described below: 

	(a)
	Surviving
Spouse.    If the Participant was married at the time of death, the Surviving Spouse may elect (unless the Surviving Spouse has
elected to waive this benefit and receive a payment made from the Supplemental IARP instead) (i) a single life annuity for the Surviving Spouse's life which is 100% of the Actuarial Equivalent
of the Participant's Top Management Retirement Benefit, payable as of the first day of the month following the date the Participant would have attained age 55, or (ii) an Actuarial
Equivalent lump sum of the Participant's Top Management Retirement Benefit payable to the Surviving Spouse as of the first day of the month following the date of the Participant's death. If the
Surviving Spouse dies after the Participant but before the Top Management Retirement Benefit is paid or commenced to be paid to the Surviving Spouse, the Actuarial Equivalent shall be paid in a lump
sum to the legal representative of such deceased Surviving Spouse; or if there shall be no such legal representative duly appointed and qualified within six months of the date of death of such
deceased Surviving Spouse, then to such person as, at the date of the Surviving Spouse's death, would be entitled to share in the distribution of such deceased Surviving Spouse's personal estate under
the provisions of the statute governing the descent of intestate property then in force and effect in the state of the deceased Surviving Spouse's residence.

	(b)
	Other
Beneficiary.    If the Participant dies before his Top Management Retirement Benefit becomes payable and (1) the Participant was
not married at the date of death or (2) the Participant is married but his spouse has consented to the Beneficiary designation under paragraph (c) below, an amount equal to the Actuarial
Equivalent of the Participant's Top Management Retirement Benefit shall be paid to the Participant's designated Beneficiary as of the first day of the month following the date of the Participant's
death.

	(c)
	Consent
to Designation of Beneficiary.    A married Participant may elect at any time to designate a non-spouse Beneficiary or to
revoke any such election at any time. An election by a Participant to designate a non-spouse Beneficiary shall not take effect unless the Participant's spouse consents in writing to such
election, such consent acknowledges the effect of such an election and the consent is witnessed by a representative of the Plan or a notary public, unless the Participant establishes to the
satisfaction of the Committee that such consent may not be obtained because there is no spouse, the spouse cannot be located or due to other circumstances. The consent by a spouse shall be irrevocable
and shall be effective only with respect to that spouse.

	(d)
	Supplemental
Individual Account Retirement Plan Benefit.    A spouse (or other Beneficiary, if one has been designated by the Participant)
eligible for a Top Management Retirement Benefit shall receive instead a benefit under the Supplemental IARP, in accordance with the terms of that plan if that benefit is higher. 

8

 

 
 

ARTICLE V
  ADMINISTRATION OF THE PLAN    
    

        5.1   Administration
by the Company.    The Company, acting under the supervision of the Compensation Committee of its Board of
Directors, shall be responsible for the general operation and administration of the Plan and for carrying out the provisions thereof. 

        5.2   General
Powers of Administration.    All provisions set forth in the SPX Qualified Plan with respect to the administrative powers
and duties of the Company and procedures for filing claims shall also be applicable with respect to the Plan. The Company shall be entitled to rely conclusively upon all tables, valuations,
certificates, opinions and reports furnished by any actuary, accountant, controller, counsel or other person employed or engaged by the Company with respect to the Plan. 

9

  

 
 

ARTICLE VI
  AMENDMENT OR TERMINATION    
    

        6.1   Amendment
or Termination.    The Company reserves the right, subject to Article VIII, to amend or terminate the Plan at any
time. Any such amendment or termination shall be made pursuant to a resolution of the Compensation Committee and shall be effective as of the date of such resolution or as specified therein. 

        6.2   Effect
of Amendment or Termination.    No amendment or termination of the Plan shall directly or indirectly deprive any current or
former Participant, Surviving Spouse, or Beneficiary of all or any portion of any Top Management Retirement Benefit or amount due to a Beneficiary, the payment of which has commenced prior to the
effective date of such amendment or termination, or which is Vested at the time of such amendment or termination of the Plan. The Compensation Committee may remove an Employee from Participation as
provided in Section 2.2 and Section 2.3. 

10

 
 
 

ARTICLE VII
  GENERAL PROVISIONS    
    

        7.1   Funding.    The
Plan at all times shall be entirely unfunded within the meaning of ERISA and the Code and the Company shall not be
required at any time to segregate any assets of the Company for payment of any benefits hereunder. No Participant, Surviving Spouse, Beneficiary, or any other person shall have any interest in any
particular assets of the Company by reason of the right to receive a benefit under the Plan and any such Participant, Surviving Spouse, Beneficiary, or other person shall have only the rights of a
general unsecured creditor of the Company with respect to any rights under the Plan. 

        7.2   General
Conditions.    Except as otherwise expressly provided herein, all terms and conditions of the SPX Qualified Plan or such
other plan applicable to a SPX Qualified Plan Benefit shall also be applicable to a Top Management Retirement Benefit. Any SPX Qualified Plan Benefit shall be paid solely in accordance with the terms
and conditions of the SPX Qualified Plan or such other plan and nothing in this Plan shall operate or be construed in any way to modify, amend or affect the terms and provisions of the SPX Qualified
Plan or such other plan. 

        7.3   No
Guaranty of Benefits.    Nothing contained in the Plan shall constitute a guaranty by the Company or any other entity or person
that the assets of the Company will be sufficient to pay any benefit hereunder. 

        7.4   No
Enlargement of Employee Rights.    No Participant, Surviving Spouse, or Beneficiary shall have any right to a benefit under the
Plan except in accordance with the terms of the Plan. Establishment of the Plan shall not be construed to give any Participant the right to be retained in the service of the Company. 

        7.5   Spendthrift
Provision.    No interest of any person or entity in, or right to receive a benefit under, the Plan shall be subject
in any manner to sale, transfer, assignment, pledge, attachment, garnishment, or other alienation or encumbrance of any kind; nor may such interest or right to receive a benefit be taken, either
voluntarily or involuntarily, for the satisfaction of the debts of, or other obligations or claims against, such person or entity, including claims for alimony, support, separate maintenance and
claims in bankruptcy proceedings. 

        7.6   Applicable
Law.    The Plan shall be construed and administered under the laws of the State of North Carolina, except as preempted
by ERISA. 

        7.7   Automatic
Cashout.    Notwithstanding anything in the Plan to the contrary, if at the time any Top Management Retirement Benefit
begins the Actuarial Equivalent lump sum is less than $100,000, the Company shall pay the actuarial value of such benefit to the Participant, Surviving Spouse or Beneficiary in a single lump sum in
lieu of any further benefit payments hereunder. 

        7.8   Incapacity
of Recipient.    If any person entitled to a benefit payment under the Plan is deemed by the Company to be incapable of
personally receiving and giving a valid receipt for such payment, then, unless and until claim therefor shall have been made by a duly appointed guardian or other legal representative of such person,
the Company may provide for such payment or any part thereof to be made to any other person or institution then contributing toward or providing for the care and maintenance of such person. Any such
payment shall be deemed to be a payment for the account of such person and a complete discharge of any liability of the Company and the Plan therefor. 

        7.9   Corporate
Successor.    The Plan shall not be automatically terminated by a transfer or sale of assets of the Company or by the
reorganization, merger or consolidation of the Company into or with any other corporation or other entity, but the Plan shall be continued after such transfer, sale, reorganization, merger or
consolidation only if and to the extent that the transferee, purchaser or successor entity agrees to continue the Plan, except as set forth in Article VIII. In the event that the 

11

 

Plan
is not continued by the transferee, purchaser or successor entity, then the Plan shall terminate subject to the provisions of Section 6.2. 

        7.10 Unclaimed
Benefit.    Each Participant shall keep the Company informed of his current address and the current address of his
spouse. The Company shall not be obligated to search for the whereabouts of any person. If the location of a Participant is not made known to the Company within three (3) years after the date
on which payment of the Participant's Top Management Retirement Benefit may first be made, payment may be made as though the Participant had died at the end of the three-year period. If,
within one additional year after such three-year period has elapsed, or, within three years after the actual death of a Participant, the Company is unable to locate any Surviving Spouse or
Beneficiary of the Participant, then the Company shall have no further obligation to pay any benefit hereunder to such Participant, Surviving Spouse, Beneficiary or any other person and such benefit
shall be irrevocably forfeited. 

        7.11 Limitations
on Liability.    Notwithstanding any of the preceding provisions of the Plan, neither the Company nor any individual
acting as an employee or agent of the Company shall be liable to any Participant, former Participant, Surviving Spouse, Beneficiary or any other person for any claim, loss, liability or expense
incurred in connection with the Plan. 

        7.12 Duties
of Participants, Spouses of Participants, Beneficiaries, and Surviving Spouses.    The Participant and the spouse or
Surviving Spouse of a Participant or Beneficiary shall, as a condition of receiving benefits under this Plan, be obligated to provide the Compensation Committee with such information as the
Compensation Committee shall require in order to calculate benefits under this Plan. 

12

 
 
 

ARTICLE VIII
  CHANGE-OF-CONTROL    
    

        8.1   Benefit
Rights Upon Change-of-Control. 

        (a)   Notwithstanding
any other provision of the Plan to the contrary, in the event of a Change-of-Control, all Participants shall immediately become
Vested in their accrued benefits under this Plan, and the Company or any successor shall be prohibited from amending or terminating the Plan in any manner so as to deprive, directly or indirectly, any
current or former Participant, Surviving Spouse, or Beneficiary of all or any portion of any Top Management Retirement Benefit which has commenced prior to the effective date of such amendment or
termination, or which would be payable if the Participant's employment terminated for any reason, including death, on such effective date. 

        (b)   (i) Each
Participant whose employment terminates, or (ii) in the event that the Plan is terminated following a Change-of-Control,
each current or former Participant, Surviving Spouse, or Beneficiary shall be paid immediately a lump sum amount. This amount shall be the Actuarial Equivalent of any benefit the payment of which has
commenced prior to the effective date of any such termination, or which would be payable upon any termination pursuant to a severance agreement or which would be payable if the Participant's
employment terminated on the effective date of any Plan termination. Provided, however, that upon termination of employment with the Company, such Participant's benefit rights under the Plan shall be
determined only after taking into account the effect of any severance agreement between the Company and the Participant (as such severance agreement may provide additional terms and conditions with
respect to such benefit rights under the Plan). 

        8.2   Definition
of Change-of-Control.    For purposes of this Plan, a "Change of Control" shall have the same
meaning as set forth in the SPX Corporation Executive EVA Incentive Compensation Plan. 

        8.3   Excess
Parachute Payments by the Company. 

        (a)   Anything
in this Plan to the contrary notwithstanding, in the event it shall be determined that any payment or distribution by the Company to or for the benefit of a
Participant (whether paid or payable or distributed or distributable pursuant to the terms of this Plan or otherwise, but determined without regard to any additional payments required under this
Section 8.3 (a "Payment") would be subject to the excise tax imposed by Section 4999 of the Code or if any interest or penalties are incurred by the Participant with respect to such
excise tax (such excise tax, together with any such interest and penalties, being hereinafter collectively referred to as the "Excise Tax"), then the Participant shall be entitled to receive an
additional payment (a "Gross-Up Payment") in an amount such that, after payment by the Participant of all taxes (including any interest or penalties imposed with respect to such taxes),
including, without limitation, any income taxes (and any interest and penalties imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment, the Participant retains an
amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payment. 

        (b)   Subject
to the provisions of paragraph (c) below, all determinations required to be made under this Section 8.3, including whether and when a
Gross-Up Payment is required and the amount of such Gross-Up Payment and the assumptions to be utilized in arriving at such determination, shall be made by the accounting firm
which is then serving as the auditors for the Company (the "Accounting Firm"), which shall provide detailed supporting calculations to both the Company and the Participant within fifteen
(15) business days of the receipt of notice from the Participant that there has been a Payment, or such earlier time as is required by the Company. In the event that the Accounting Firm is
serving as accountant or auditor for the individual, entity or group effecting the Change of Control, the Participant shall appoint another nationally recognized accounting firm to make the
determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall be borne solely by the Company.
Any 

13

 

Gross-Up
Payments, as determined pursuant to this Section 8.3 shall be paid by the Company to the Participant within five (5) days of the receipt of the Accounting Firm's
determination. If the Accounting Firm determines that no Excise Tax is payable by the Participant, it shall furnish the Participant with a written opinion that failure to report the Excise Tax on the
Participant's applicable federal income tax return would not result in the imposition of a negligence or similar penalty. Any good faith determination by the Accounting Firm shall be binding upon the
Company and the Participant. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is
possible that Gross-Up Payments which will not have been made by the Company should have been made ("Underpayment"), consistent with the calculations required to be made hereunder. In the
event that the Company exhausts its remedies pursuant to paragraph (c) below, and the Participant thereafter is required to make a payment of any Excise Tax, the Accounting Firm shall determine
the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of the Participant. Further, such Underpayment shall include all
interest and penalties assessed to the Participant for the failure to report and pay the Excise Tax on Participant's income tax return and shall place Participant in a position as if such Underpayment
and associated Excise Tax were properly reported and paid. 

        (c)   The
Participant shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of a
Gross-Up Payment. Such notification shall be given as soon as practicable but no later than fifteen (15) business days after the Participant is informed in writing of such claim and
shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. The Participant shall not pay such claim prior to the expiration of the thirty
(30)-day period following the date on which Participant gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is
due). If the Company notifies the Participant in writing prior to the expiration of such period that it desires to contest such claim, the Participant shall: 

	(i)
	Give
the Company any information reasonably requested by the Company relating to such claim,

	(ii)
	Take
such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time, including, without limitation, accepting
legal representation with respect to such claim by an attorney reasonably selected by the Company,

	(iii)
	Cooperate
with the Company in good faith in order to effectively contest such claim, and

	(iv)
	Permit
the Company to participate in any proceedings relating to such claim; 

provided,
however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify and
hold the Participant harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties with respect thereto) imposed as a result of such representation
and payment of costs and expenses. Without limiting the foregoing provision of this paragraph (c), the Company shall control all proceedings taken in connection with such contest and, at its
sole option, may pursue or forego any and all administrative appeals, proceedings, hearings, and conferences with the taxing authority in respect of such claim and may, at its sole option, either
direct the Participant to pay the tax claimed and sue for a refund or contest the claim in any permissible manner; and the Participant agrees to prosecute such contest to a determination before any
administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine; provided, however, that if the Company directs the Participant to pay
such claim and sue for a refund, the Company shall advance the amount of such payment to the Participant on an interest-free basis and shall indemnify and hold the Participant harmless, on
an after-tax basis, from any Excise Tax or income tax (including interest or penalties with respect thereto) imposed with respect to such advance or with respect to any 

14

 

imputed
income with respect to such advance; and further provided that any extension of the statute of limitations relating to payment of taxes for the taxable year of the Participant with respect to
which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company's control of the contest shall be limited to issues with respect to which a
Gross-Up Payment would be payable hereunder and the Participant shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any
other taxing authority. 

        (d)   If,
after the receipt by the Participant of an amount advanced by the Company pursuant to paragraph (c) above, the Participant becomes entitled to receive any
refund with respect to such claim, the Participant shall (subject to the Company's complying with the requirements of said paragraph (c)) promptly pay to the Company the amount of such refund
(together with any interest paid or credited thereon, after taxes applicable thereto). If, after the receipt by the Participant of an amount advanced by the Company pursuant to said
paragraph (c), a determination is made that the Participant shall not be entitled to any refund with respect to such claim and the Company does not notify the Participant in writing of its
intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid; and the
amount of such advance shall offset, to the extent thereof, the amount of the Gross-Up Payment required to be paid. 

15

 
 
 

ARTICLE IX
  SPECIAL PROVISIONS    
    

        The Company may determine to provide special benefits for any Participant as set forth in separate documents which may be appended hereto. To the extent that the
Company has so determined, the Participant shall be entitled to the benefits provided in such documents, and to the extent that there is any inconsistency between this Plan and such document, such
other document will govern. 

16

 

        IN
WITNESS WHEREOF, the Company has adopted this amended and restated SPX Corporation Supplemental Retirement Plan for Top Management effective as of January 1, 2002. 

	 	 	SPX CORPORATION
	

 	
 	

By:	
 	

    

	

 	
 	

Its:	
 	

    

17

  

 
 

Appendix A
  
  Special Provisions for Peter M. Turner, Donald H. Johnson and
  A. David Joseph (Group "A" Participants)  
    

The
retirement benefits accrued by Group A Participants under the Plan shall be governed and calculated in accordance with Plan provisions, except that: 

	(a)
	1994
Benefit Amount.    Without regard to the formula set forth in Section 3.1, the early retirement benefit payable under
Article III of the Plan during the 1994 calendar year shall be:

	(i)
	The
Group A Participant's total monthly salary, excluding bonuses, fringe benefits and other special compensation, in the month prior to his Early Retirement Date, less

	(ii)
	the
Group A Participant's SPX Qualified Plan Benefit and any benefit from such Group A Participant's former employer's tax qualified defined benefit plan (if any), 

all
determined as of the Participant's Early Retirement Date. 

	(b)
	Benefit
Amount for Years After 1994.    The early retirement benefit payable to Group A Participants under the Plan for years after 1994
shall be calculated in accordance with the formula contained in Section 3.1 and all other Plan provisions, using the definition of Final Average Pay contained in Section 1.11 of the
Plan, or, if greater:

	(i)
	the
amount of the Group A Participant's 1993 Compensation divided by 12, using the definition of compensation contained in the second to the last paragraph of
Section 2.1(k) of the SPX Qualified Plan; or

	(ii)
	the
amount of the Group A Participant's 1994 compensation divided by 12, using the definition of compensation contained in the second to last paragraph of
Section 2.1(k) of the SPX Qualified Plan. 

18

 

 
 

Appendix B
  
  Special Provisions for Budd Werner and Curt Atkisson ("Group B Participants")  
    

The
retirement benefits accrued by Group B Participants under the Plan shall be governed and calculated in accordance with Plan provisions, except that: 

	(a)
	Continuous
Service.    For purposes of calculating Continuous Service for each Group B Participant under Section 1.8 of the Plan,
one additional year of service will be added to such Participant's Continuous Service.

	(b)
	Final
Average Pay.    For purposes of calculating Final Average Pay for each Group B Participant under Section 1.11 of the Plan,
the average monthly pay of the Group B Participant for the highest two out of the last five calendar years of Company employment shall be used in such determination instead of such pay for the
highest three out of the last ten calendar years of Company employment. 

19

 

 
 

Appendix C
  
  Special Provisions for Dale Johnson  
    

The
retirement benefit accrued by Dale Johnson under the Plan shall be governed and calculated in accordance with Plan provisions, except that pursuant to the provisions of Section 3.2(b) of
the Plan, the Compensation Committee shall waive any early retirement payment reductions otherwise applicable with respect to benefits payable to him under the Plan on or after the date that
Mr. Johnson reaches age 60. Any benefit payable under the Plan to Mr. Johnson prior to the date that he reaches age 60 shall be reduced in accordance with the provisions of
Section 3.2. 

20

  

 
 

Appendix D
  
  Special Provisions for David Reynolds  
    

David
Reynolds shall receive benefits in accordance with Plan provisions, except that: 

	(a)
	Bridge
Benefit.    A monthly bridge benefit shall be paid in the amount of $5,834.00 from July 1, 1995 through December 31, 2000
or such shorter period as Mr. Reynolds may live. In the event of his death prior to December 31, 2000, Surviving Spouse, if any, shall receive the Plan's Surviving Spouse pension.

	(b)
	Early
Retirement Date.    On September 1, 2001 (age 62), Mr. Reynolds may commence to receive his unreduced benefit from
this Plan, as if he had retired from active employment with the Company at that date. Mr. Reynolds may elect to have benefits begin as early as January 1, 2001, subject to the Plan's
usual reductions for benefit commencement prior to age 62. 

21

 

 
 

Appendix E
  
  Special Provisions for John Tyson  
    

The
retirement benefit accrued by John Tyson under the Plan upon his retirement on December 31, 1997 shall be a lifetime annuity of $100,000 per year, less his SPX Qualified Plan Benefit and
any adjustment required for the selection of any optional form of benefit. 

22

 
 
 

Appendix F
  
  Special Provisions for Fred Florjancic  
    

Fred
Florjancic will be treated as though he were a participant in the SPX Qualified Plan for purposes of determining the eligibility for benefits and the amount of benefits under this Plan. 

23

 
 
 

Appendix G
  
  Special Provisions for Jay Caraviello and William Griffiths  
    

Jay
Caraviello and William Griffiths will be treated as though they were participants in this Plan beginning as of February 27, 2003, the date they were named officers of SPX Corporation
(i.e. Continuous Service shall commence as of such date) for purposes of determining the amount of benefits payable to them under this Plan. 

24

  

 
 

Appendix H
  
  Special Provisions for Ross Bricker  
    

Ross
Bricker will be treated as though he were a participant in the SPX Qualified Plan for purposes of determining the eligibility for benefits and the amount of benefits under this Plan. 

25

 
 

TABLE A
  Actuarial Factors    
    

SPX Corporation Supplemental Retirement Plan for Top Management  

 
  Equivalent Benefit Payable Under Single Life Annuity Option
  for Each $1.00 of Life Annuity Otherwise Payable    
    

	 
	 	BENEFICIARY'S AGE

	EMPLOYEE'S

AGE
 

	 	20
	 	21
	 	22
	 	23
	 	24
	 	25
	 	26
	 	27
	 	28
	 	29

	20	 	1.0486	 	1.0469	 	1.0451	 	1.0434	 	1.0417	 	1.0400	 	1.0383	 	1.0367	 	1.0351	 	1.0336
	21	 	1.0524	 	1.0506	 	1.0487	 	1.0469	 	1.0451	 	1.0433	 	1.0415	 	1.0398	 	1.0381	 	1.0364
	22	 	1.0565	 	1.0546	 	1.0526	 	1.0507	 	1.0487	 	1.0468	 	1.0450	 	1.0431	 	1.0413	 	1.0395
	23	 	1.0609	 	1.0589	 	1.0568	 	1.0547	 	1.0527	 	1.0507	 	1.0487	 	1.0467	 	1.0448	 	1.0429
	24	 	1.0656	 	1.0635	 	1.0613	 	1.0591	 	1.0570	 	1.0548	 	1.0527	 	1.0506	 	1.0486	 	1.0465
	25	 	1.0707	 	1.0684	 	1.0661	 	1.0639	 	1.0616	 	1.0593	 	1.0571	 	1.0549	 	1.0527	 	1.0505
	26	 	1.0761	 	1.0737	 	1.0713	 	1.0689	 	1.0665	 	1.0642	 	1.0618	 	1.0594	 	1.0571	 	1.0548
	27	 	1.0819	 	1.0794	 	1.0769	 	1.0744	 	1.0719	 	1.0694	 	1.0668	 	1.0644	 	1.0619	 	1.0594
	28	 	1.0880	 	1.0855	 	1.0828	 	1.0802	 	1.0776	 	1.0749	 	1.0723	 	1.0697	 	1.0670	 	1.0644
	29	 	1.0946	 	1.0919	 	1.0892	 	1.0865	 	1.0837	 	1.0809	 	1.0782	 	1.0754	 	1.0726	 	1.0699
	30	 	1.1017	 	1.0989	 	1.0960	 	1.0932	 	1.0903	 	1.0874	 	1.0845	 	1.0816	 	1.0786	 	1.0757
	31	 	1.1092	 	1.1063	 	1.1033	 	1.1003	 	1.0973	 	1.0943	 	1.0912	 	1.0882	 	1.0851	 	1.0820
	32	 	1.1172	 	1.1142	 	1.1111	 	1.1080	 	1.1049	 	1.1017	 	1.0985	 	1.0953	 	1.0921	 	1.0888
	33	 	1.1257	 	1.1226	 	1.1194	 	1.1162	 	1.1129	 	1.1096	 	1.1063	 	1.1029	 	1.0995	 	1.0961
	34	 	1.1347	 	1.1315	 	1.1283	 	1.1249	 	1.1215	 	1.1181	 	1.1146	 	1.1111	 	1.1076	 	1.1040
	35	 	1.1444	 	1.1411	 	1.1377	 	1.1342	 	1.1307	 	1.1272	 	1.1235	 	1.1199	 	1.1162	 	1.1125
	36	 	1.1547	 	1.1513	 	1.1478	 	1.1442	 	1.1406	 	1.1369	 	1.1331	 	1.1293	 	1.1254	 	1.1215
	37	 	1.1656	 	1.1621	 	1.1585	 	1.1548	 	1.1510	 	1.1472	 	1.1433	 	1.1393	 	1.1353	 	1.1312
	38	 	1.1773	 	1.1737	 	1.1699	 	1.1661	 	1.1622	 	1.1583	 	1.1542	 	1.1501	 	1.1459	 	1.1417
	39	 	1.1897	 	1.1860	 	1.1821	 	1.1782	 	1.1742	 	1.1701	 	1.1659	 	1.1616	 	1.1572	 	1.1528
	40	 	1.2029	 	1.1991	 	1.1951	 	1.1911	 	1.1869	 	1.1827	 	1.1783	 	1.1739	 	1.1694	 	1.1648
	41	 	1.2170	 	1.2130	 	1.2090	 	1.2048	 	1.2005	 	1.1961	 	1.1916	 	1.1871	 	1.1824	 	1.1776
	42	 	1.2320	 	1.2279	 	1.2237	 	1.2194	 	1.2150	 	1.2105	 	1.2059	 	1.2011	 	1.1963	 	1.1913
	43	 	1.2478	 	1.2437	 	1.2394	 	1.2350	 	1.2304	 	1.2257	 	1.2210	 	1.2161	 	1.2110	 	1.2059
	44	 	1.2647	 	1.2604	 	1.2560	 	1.2514	 	1.2467	 	1.2419	 	1.2370	 	1.2319	 	1.2267	 	1.2214
	45	 	1.2825	 	1.2781	 	1.2735	 	1.2689	 	1.2640	 	1.2591	 	1.2540	 	1.2488	 	1.2434	 	1.2379
	46	 	1.3012	 	1.2967	 	1.2921	 	1.2873	 	1.2823	 	1.2772	 	1.2720	 	1.2666	 	1.2611	 	1.2554
	47	 	1.3211	 	1.3165	 	1.3117	 	1.3067	 	1.3016	 	1.2964	 	1.2910	 	1.2854	 	1.2797	 	1.2739
	48	 	1.3420	 	1.3373	 	1.3324	 	1.3273	 	1.3221	 	1.3167	 	1.3111	 	1.3054	 	1.2995	 	1.2934
	49	 	1.3641	 	1.3593	 	1.3542	 	1.3490	 	1.3436	 	1.3381	 	1.3324	 	1.3265	 	1.3204	 	1.3141
	50	 	1.3875	 	1.3825	 	1.3773	 	1.3720	 	1.3664	 	1.3607	 	1.3548	 	1.3488	 	1.3425	 	1.3360
	51	 	1.4122	 	1.4070	 	1.4017	 	1.3962	 	1.3905	 	1.3847	 	1.3786	 	1.3724	 	1.3659	 	1.3593
	52	 	1.4383	 	1.4330	 	1.4276	 	1.4219	 	1.4161	 	1.4100	 	1.4038	 	1.3974	 	1.3907	 	1.3838
	53	 	1.4659	 	1.4605	 	1.4549	 	1.4491	 	1.4431	 	1.4369	 	1.4305	 	1.4239	 	1.4170	 	1.4099
	54	 	1.4953	 	1.4897	 	1.4840	 	1.4780	 	1.4718	 	1.4654	 	1.4588	 	1.4520	 	1.4450	 	1.4377
	55	 	1.5264	 	1.5207	 	1.5148	 	1.5087	 	1.5023	 	1.4958	 	1.4890	 	1.4819	 	1.4747	 	1.4672
	56	 	1.5596	 	1.5538	 	1.5477	 	1.5414	 	1.5349	 	1.5281	 	1.5211	 	1.5138	 	1.5063	 	1.4986
	57	 	1.5950	 	1.5890	 	1.5828	 	1.5763	 	1.5695	 	1.5626	 	1.5554	 	1.5479	 	1.5402	 	1.5322
	58	 	1.6329	 	1.6267	 	1.6203	 	1.6136	 	1.6067	 	1.5995	 	1.5920	 	1.5843	 	1.5764	 	1.5681
	59	 	1.6735	 	1.6671	 	1.6605	 	1.6536	 	1.6464	 	1.6390	 	1.6314	 	1.6234	 	1.6152	 	1.6067
	60	 	1.7171	 	1.7105	 	1.7036	 	1.6965	 	1.6892	 	1.6815	 	1.6736	 	1.6654	 	1.6569	 	1.6481
	61	 	1.7639	 	1.7571	 	1.7501	 	1.7427	 	1.7351	 	1.7273	 	1.7191	 	1.7106	 	1.7018	 	1.6927
	62	 	1.8144	 	1.8073	 	1.8001	 	1.7925	 	1.7846	 	1.7765	 	1.7680	 	1.7593	 	1.7502	 	1.7407
	63	 	1.8687	 	1.8614	 	1.8539	 	1.8461	 	1.8379	 	1.8295	 	1.8208	 	1.8117	 	1.8023	 	1.7925
	64	 	1.9271	 	1.9196	 	1.9118	 	1.9037	 	1.8953	 	1.8866	 	1.8775	 	1.8681	 	1.8584	 	1.8482
	65	 	1.9900	 	1.9822	 	1.9741	 	1.9657	 	1.9570	 	1.9480	 	1.9386	 	1.9288	 	1.9187	 	1.9082
	66	 	2.0574	 	2.0493	 	2.0409	 	2.0322	 	2.0232	 	2.0138	 	2.0040	 	1.9939	 	1.9834	 	1.9725
	67	 	2.1294	 	2.1210	 	2.1123	 	2.1033	 	2.0939	 	2.0841	 	2.0740	 	2.0635	 	2.0525	 	2.0412
	68	 	2.2066	 	2.1979	 	2.1888	 	2.1794	 	2.1697	 	2.1595	 	2.1490	 	2.1381	 	2.1267	 	2.1149
	69	 	2.2900	 	2.2809	 	2.2715	 	2.2617	 	2.2516	 	2.2410	 	2.2301	 	2.2187	 	2.2068	 	2.1946
	70	 	2.3806	 	2.3711	 	2.3613	 	2.3511	 	2.3406	 	2.3296	 	2.3181	 	2.3062	 	2.2939	 	2.2811

SPX Corporation Supplemental Retirement Plan for Top Management  

Equivalent Benefit Payable Under Single Life Annuity Option

for Each $1.00 of Life Annuity Otherwise Payable  

	 
	 	BENEFICIARY'S AGE
 

	EMPLOYEE'S

AGE

	 	30
	 	31
	 	32
	 	33
	 	34
	 	35
	 	36
	 	37
	 	38
	 	39

	20	 	1.0321	 	1.0306	 	1.0292	 	1.0278	 	1.0264	 	1.0251	 	1.0238	 	1.0226	 	1.0214	 	1.0203
	21	 	1.0348	 	1.0332	 	1.0317	 	1.0302	 	1.0287	 	1.0273	 	1.0259	 	1.0246	 	1.0233	 	1.0221
	22	 	1.0378	 	1.0361	 	1.0344	 	1.0328	 	1.0312	 	1.0297	 	1.0282	 	1.0267	 	1.0254	 	1.0240
	23	 	1.0410	 	1.0392	 	1.0374	 	1.0356	 	1.0339	 	1.0323	 	1.0307	 	1.0291	 	1.0276	 	1.0262
	24	 	1.0445	 	1.0426	 	1.0406	 	1.0388	 	1.0369	 	1.0351	 	1.0334	 	1.0317	 	1.0301	 	1.0285
	25	 	1.0483	 	1.0462	 	1.0442	 	1.0422	 	1.0402	 	1.0383	 	1.0364	 	1.0346	 	1.0328	 	1.0311
	26	 	1.0525	 	1.0502	 	1.0480	 	1.0459	 	1.0438	 	1.0417	 	1.0397	 	1.0377	 	1.0358	 	1.0340
	27	 	1.0570	 	1.0546	 	1.0522	 	1.0499	 	1.0476	 	1.0454	 	1.0433	 	1.0411	 	1.0391	 	1.0371
	28	 	1.0619	 	1.0593	 	1.0568	 	1.0543	 	1.0519	 	1.0495	 	1.0472	 	1.0449	 	1.0427	 	1.0405
	29	 	1.0671	 	1.0644	 	1.0617	 	1.0591	 	1.0565	 	1.0539	 	1.0514	 	1.0490	 	1.0466	 	1.0443
	30	 	1.0728	 	1.0700	 	1.0671	 	1.0643	 	1.0615	 	1.0588	 	1.0561	 	1.0534	 	1.0509	 	1.0484
	31	 	1.0790	 	1.0759	 	1.0729	 	1.0699	 	1.0669	 	1.0640	 	1.0611	 	1.0583	 	1.0556	 	1.0528
	32	 	1.0856	 	1.0824	 	1.0792	 	1.0760	 	1.0728	 	1.0697	 	1.0667	 	1.0636	 	1.0607	 	1.0578
	33	 	1.0927	 	1.0893	 	1.0860	 	1.0826	 	1.0792	 	1.0759	 	1.0726	 	1.0694	 	1.0662	 	1.0631
	34	 	1.1004	 	1.0969	 	1.0933	 	1.0897	 	1.0862	 	1.0826	 	1.0791	 	1.0757	 	1.0723	 	1.0689
	35	 	1.1087	 	1.1049	 	1.1012	 	1.0974	 	1.0936	 	1.0899	 	1.0862	 	1.0825	 	1.0789	 	1.0753
	36	 	1.1176	 	1.1136	 	1.1097	 	1.1057	 	1.1017	 	1.0978	 	1.0938	 	1.0899	 	1.0860	 	1.0822
	37	 	1.1271	 	1.1230	 	1.1188	 	1.1146	 	1.1104	 	1.1063	 	1.1021	 	1.0979	 	1.0938	 	1.0897
	38	 	1.1374	 	1.1330	 	1.1287	 	1.1243	 	1.1199	 	1.1154	 	1.1110	 	1.1066	 	1.1023	 	1.0979
	39	 	1.1484	 	1.1438	 	1.1392	 	1.1346	 	1.1300	 	1.1253	 	1.1207	 	1.1160	 	1.1114	 	1.1068
	40	 	1.1601	 	1.1554	 	1.1506	 	1.1458	 	1.1409	 	1.1360	 	1.1311	 	1.1262	 	1.1213	 	1.1164
	41	 	1.1728	 	1.1678	 	1.1628	 	1.1578	 	1.1527	 	1.1475	 	1.1424	 	1.1372	 	1.1320	 	1.1268
	42	 	1.1863	 	1.1811	 	1.1759	 	1.1707	 	1.1653	 	1.1599	 	1.1545	 	1.1490	 	1.1436	 	1.1381
	43	 	1.2007	 	1.1953	 	1.1899	 	1.1844	 	1.1788	 	1.1732	 	1.1675	 	1.1618	 	1.1560	 	1.1502
	44	 	1.2160	 	1.2105	 	1.2048	 	1.1991	 	1.1933	 	1.1874	 	1.1814	 	1.1754	 	1.1693	 	1.1632
	45	 	1.2323	 	1.2265	 	1.2207	 	1.2147	 	1.2086	 	1.2025	 	1.1962	 	1.1899	 	1.1836	 	1.1772
	46	 	1.2496	 	1.2436	 	1.2375	 	1.2313	 	1.2250	 	1.2186	 	1.2121	 	1.2054	 	1.1988	 	1.1920
	47	 	1.2678	 	1.2617	 	1.2554	 	1.2489	 	1.2424	 	1.2357	 	1.2289	 	1.2220	 	1.2150	 	1.2079
	48	 	1.2872	 	1.2808	 	1.2743	 	1.2676	 	1.2608	 	1.2538	 	1.2467	 	1.2395	 	1.2322	 	1.2248
	49	 	1.3077	 	1.3011	 	1.2944	 	1.2874	 	1.2803	 	1.2731	 	1.2657	 	1.2582	 	1.2506	 	1.2428
	50	 	1.3294	 	1.3226	 	1.3156	 	1.3084	 	1.3011	 	1.2936	 	1.2859	 	1.2781	 	1.2701	 	1.2620
	51	 	1.3524	 	1.3454	 	1.3381	 	1.3307	 	1.3231	 	1.3153	 	1.3073	 	1.2992	 	1.2909	 	1.2824
	52	 	1.3768	 	1.3695	 	1.3620	 	1.3543	 	1.3465	 	1.3384	 	1.3301	 	1.3216	 	1.3130	 	1.3042
	53	 	1.4027	 	1.3951	 	1.3874	 	1.3795	 	1.3713	 	1.3629	 	1.3543	 	1.3455	 	1.3365	 	1.3274
	54	 	1.4301	 	1.4224	 	1.4144	 	1.4062	 	1.3977	 	1.3890	 	1.3801	 	1.3710	 	1.3617	 	1.3521
	55	 	1.4594	 	1.4514	 	1.4431	 	1.4346	 	1.4259	 	1.4169	 	1.4077	 	1.3982	 	1.3885	 	1.3785
	56	 	1.4906	 	1.4823	 	1.4738	 	1.4650	 	1.4560	 	1.4466	 	1.4371	 	1.4272	 	1.4172	 	1.4068
	57	 	1.5239	 	1.5154	 	1.5066	 	1.4975	 	1.4881	 	1.4785	 	1.4685	 	1.4583	 	1.4479	 	1.4371
	58	 	1.5596	 	1.5508	 	1.5417	 	1.5323	 	1.5226	 	1.5126	 	1.5023	 	1.4917	 	1.4808	 	1.4697
	59	 	1.5979	 	1.5887	 	1.5793	 	1.5696	 	1.5596	 	1.5492	 	1.5385	 	1.5276	 	1.5163	 	1.5047
	60	 	1.6390	 	1.6296	 	1.6198	 	1.6098	 	1.5994	 	1.5886	 	1.5776	 	1.5662	 	1.5544	 	1.5424
	61	 	1.6833	 	1.6735	 	1.6634	 	1.6530	 	1.6422	 	1.6311	 	1.6196	 	1.6078	 	1.5956	 	1.5830
	62	 	1.7310	 	1.7209	 	1.7104	 	1.6996	 	1.6884	 	1.6769	 	1.6650	 	1.6527	 	1.6400	 	1.6270
	63	 	1.7824	 	1.7719	 	1.7611	 	1.7499	 	1.7383	 	1.7263	 	1.7139	 	1.7011	 	1.6879	 	1.6743
	64	 	1.8378	 	1.8269	 	1.8156	 	1.8040	 	1.7919	 	1.7795	 	1.7666	 	1.7533	 	1.7396	 	1.7255
	65	 	1.8973	 	1.8860	 	1.8743	 	1.8622	 	1.8497	 	1.8368	 	1.8234	 	1.8095	 	1.7952	 	1.7805
	66	 	1.9612	 	1.9495	 	1.9373	 	1.9247	 	1.9117	 	1.8982	 	1.8843	 	1.8699	 	1.8550	 	1.8396
	67	 	2.0295	 	2.0173	 	2.0046	 	1.9915	 	1.9780	 	1.9640	 	1.9494	 	1.9344	 	1.9189	 	1.9029
	68	 	2.1027	 	2.0900	 	2.0768	 	2.0632	 	2.0491	 	2.0345	 	2.0193	 	2.0037	 	1.9875	 	1.9708
	69	 	2.1818	 	2.1686	 	2.1549	 	2.1407	 	2.1260	 	2.1107	 	2.0949	 	2.0786	 	2.0617	 	2.0442
	70	 	2.2678	 	2.2540	 	2.2397	 	2.2249	 	2.2095	 	2.1936	 	2.1771	 	2.1600	 	2.1423	 	2.1241

SPX Corporation Supplemental Retirement Plan for Top Management  

Equivalent Benefit Payable Under Single Life Annuity Option

for Each $1.00 of Life Annuity Otherwise Payable  

	 
	 	BENEFICIARY'S AGE

	EMPLOYEE'S

AGE
 

	 	40
	 	41
	 	42
	 	43
	 	44
	 	45
	 	46
	 	47
	 	48
	 	49

	20	 	1.0192	 	1.0182	 	1.0172	 	1.0162	 	1.0153	 	1.0144	 	1.0136	 	1.0128	 	1.0120	 	1.0113
	21	 	1.0209	 	1.0198	 	1.0187	 	1.0176	 	1.0166	 	1.0156	 	1.0147	 	1.0139	 	1.0130	 	1.0122
	22	 	1.0227	 	1.0215	 	1.0203	 	1.0192	 	1.0181	 	1.0170	 	1.0160	 	1.0151	 	1.0141	 	1.0133
	23	 	1.0248	 	1.0234	 	1.0221	 	1.0209	 	1.0197	 	1.0185	 	1.0174	 	1.0164	 	1.0154	 	1.0144
	24	 	1.0270	 	1.0255	 	1.0241	 	1.0228	 	1.0215	 	1.0202	 	1.0190	 	1.0179	 	1.0168	 	1.0157
	25	 	1.0295	 	1.0279	 	1.0263	 	1.0249	 	1.0234	 	1.0221	 	1.0208	 	1.0195	 	1.0183	 	1.0172
	26	 	1.0322	 	1.0304	 	1.0288	 	1.0272	 	1.0256	 	1.0241	 	1.0227	 	1.0213	 	1.0200	 	1.0188
	27	 	1.0351	 	1.0333	 	1.0315	 	1.0297	 	1.0280	 	1.0264	 	1.0248	 	1.0233	 	1.0219	 	1.0206
	28	 	1.0384	 	1.0364	 	1.0344	 	1.0325	 	1.0307	 	1.0289	 	1.0272	 	1.0256	 	1.0240	 	1.0225
	29	 	1.0420	 	1.0398	 	1.0377	 	1.0356	 	1.0336	 	1.0317	 	1.0298	 	1.0280	 	1.0263	 	1.0247
	30	 	1.0459	 	1.0435	 	1.0412	 	1.0390	 	1.0368	 	1.0347	 	1.0327	 	1.0308	 	1.0289	 	1.0271
	31	 	1.0502	 	1.0476	 	1.0451	 	1.0427	 	1.0404	 	1.0381	 	1.0359	 	1.0338	 	1.0318	 	1.0298
	32	 	1.0549	 	1.0521	 	1.0494	 	1.0468	 	1.0443	 	1.0418	 	1.0394	 	1.0371	 	1.0349	 	1.0328
	33	 	1.0600	 	1.0571	 	1.0541	 	1.0513	 	1.0486	 	1.0459	 	1.0433	 	1.0408	 	1.0384	 	1.0361
	34	 	1.0657	 	1.0624	 	1.0593	 	1.0562	 	1.0533	 	1.0504	 	1.0476	 	1.0448	 	1.0422	 	1.0397
	35	 	1.0718	 	1.0683	 	1.0649	 	1.0616	 	1.0584	 	1.0553	 	1.0523	 	1.0493	 	1.0465	 	1.0437
	36	 	1.0785	 	1.0748	 	1.0711	 	1.0676	 	1.0641	 	1.0607	 	1.0574	 	1.0542	 	1.0511	 	1.0481
	37	 	1.0857	 	1.0818	 	1.0779	 	1.0740	 	1.0703	 	1.0666	 	1.0631	 	1.0596	 	1.0563	 	1.0530
	38	 	1.0936	 	1.0894	 	1.0852	 	1.0811	 	1.0771	 	1.0731	 	1.0693	 	1.0655	 	1.0619	 	1.0584
	39	 	1.1022	 	1.0977	 	1.0932	 	1.0888	 	1.0845	 	1.0803	 	1.0761	 	1.0721	 	1.0681	 	1.0643
	40	 	1.1115	 	1.1067	 	1.1019	 	1.0972	 	1.0926	 	1.0880	 	1.0836	 	1.0792	 	1.0750	 	1.0708
	41	 	1.1217	 	1.1165	 	1.1114	 	1.1064	 	1.1014	 	1.0966	 	1.0918	 	1.0871	 	1.0825	 	1.0780
	42	 	1.1326	 	1.1272	 	1.1218	 	1.1164	 	1.1111	 	1.1058	 	1.1007	 	1.0956	 	1.0907	 	1.0858
	43	 	1.1444	 	1.1386	 	1.1329	 	1.1272	 	1.1215	 	1.1159	 	1.1104	 	1.1050	 	1.0996	 	1.0944
	44	 	1.1571	 	1.1510	 	1.1449	 	1.1388	 	1.1328	 	1.1268	 	1.1209	 	1.1151	 	1.1093	 	1.1037
	45	 	1.1707	 	1.1642	 	1.1578	 	1.1513	 	1.1449	 	1.1385	 	1.1322	 	1.1260	 	1.1198	 	1.1138
	46	 	1.1852	 	1.1784	 	1.1716	 	1.1648	 	1.1580	 	1.1512	 	1.1444	 	1.1378	 	1.1312	 	1.1247
	47	 	1.2008	 	1.1936	 	1.1864	 	1.1792	 	1.1719	 	1.1647	 	1.1576	 	1.1505	 	1.1434	 	1.1365
	48	 	1.2173	 	1.2098	 	1.2022	 	1.1946	 	1.1869	 	1.1793	 	1.1717	 	1.1641	 	1.1566	 	1.1492
	49	 	1.2350	 	1.2271	 	1.2191	 	1.2110	 	1.2030	 	1.1949	 	1.1868	 	1.1788	 	1.1708	 	1.1628
	50	 	1.2538	 	1.2455	 	1.2371	 	1.2286	 	1.2201	 	1.2116	 	1.2030	 	1.1945	 	1.1860	 	1.1775
	51	 	1.2739	 	1.2651	 	1.2563	 	1.2474	 	1.2385	 	1.2295	 	1.2204	 	1.2114	 	1.2023	 	1.1933
	52	 	1.2952	 	1.2861	 	1.2769	 	1.2676	 	1.2581	 	1.2486	 	1.2391	 	1.2295	 	1.2199	 	1.2104
	53	 	1.3180	 	1.3085	 	1.2989	 	1.2891	 	1.2792	 	1.2692	 	1.2591	 	1.2490	 	1.2389	 	1.2287
	54	 	1.3424	 	1.3324	 	1.3223	 	1.3121	 	1.3017	 	1.2912	 	1.2806	 	1.2699	 	1.2592	 	1.2485
	55	 	1.3684	 	1.3580	 	1.3475	 	1.3368	 	1.3259	 	1.3148	 	1.3037	 	1.2925	 	1.2811	 	1.2698
	56	 	1.3963	 	1.3855	 	1.3744	 	1.3632	 	1.3518	 	1.3403	 	1.3285	 	1.3167	 	1.3048	 	1.2928
	57	 	1.4261	 	1.4149	 	1.4034	 	1.3917	 	1.3797	 	1.3676	 	1.3553	 	1.3429	 	1.3303	 	1.3176
	58	 	1.4582	 	1.4465	 	1.4345	 	1.4223	 	1.4098	 	1.3971	 	1.3842	 	1.3711	 	1.3579	 	1.3445
	59	 	1.4928	 	1.4805	 	1.4680	 	1.4553	 	1.4422	 	1.4289	 	1.4154	 	1.4017	 	1.3878	 	1.3737
	60	 	1.5300	 	1.5173	 	1.5042	 	1.4909	 	1.4773	 	1.4634	 	1.4492	 	1.4348	 	1.4202	 	1.4053
	61	 	1.5701	 	1.5569	 	1.5433	 	1.5294	 	1.5151	 	1.5006	 	1.4857	 	1.4706	 	1.4553	 	1.4397
	62	 	1.6135	 	1.5997	 	1.5855	 	1.5710	 	1.5561	 	1.5409	 	1.5254	 	1.5095	 	1.4934	 	1.4770
	63	 	1.6604	 	1.6460	 	1.6312	 	1.6160	 	1.6004	 	1.5845	 	1.5682	 	1.5516	 	1.5347	 	1.5174
	64	 	1.7109	 	1.6959	 	1.6804	 	1.6646	 	1.6483	 	1.6317	 	1.6146	 	1.5972	 	1.5794	 	1.5613
	65	 	1.7653	 	1.7496	 	1.7335	 	1.7170	 	1.7000	 	1.6825	 	1.6647	 	1.6464	 	1.6277	 	1.6087
	66	 	1.8238	 	1.8074	 	1.7906	 	1.7733	 	1.7555	 	1.7373	 	1.7185	 	1.6994	 	1.6798	 	1.6598
	67	 	1.8863	 	1.8693	 	1.8517	 	1.8336	 	1.8150	 	1.7959	 	1.7763	 	1.7562	 	1.7356	 	1.7146
	68	 	1.9535	 	1.9357	 	1.9173	 	1.8984	 	1.8790	 	1.8589	 	1.8384	 	1.8173	 	1.7957	 	1.7736
	69	 	2.0262	 	2.0076	 	1.9883	 	1.9685	 	1.9482	 	1.9272	 	1.9057	 	1.8836	 	1.8609	 	1.8377
	70	 	2.1052	 	2.0857	 	2.0656	 	2.0449	 	2.0235	 	2.0015	 	1.9789	 	1.9557	 	1.9319	 	1.9074

SPX Corporation Supplemental Retirement Plan for Top Management  

Equivalent Benefit Payable Under Single Life Annuity Option

for Each $1.00 of Life Annuity Otherwise Payable  

	 
	 	BENEFICIARY'S AGE

	EMPLOYEE'S

AGE
 

	 	50
	 	51
	 	52
	 	53
	 	54
	 	55
	 	56
	 	57
	 	58
	 	59

	20	 	1.0106	 	1.0099	 	1.0093	 	1.0087	 	1.0081	 	1.0076	 	1.0071	 	1.0066	 	1.0062	 	1.0057
	21	 	1.0115	 	1.0107	 	1.0100	 	1.0094	 	1.0088	 	1.0082	 	1.0076	 	1.0071	 	1.0066	 	1.0061
	22	 	1.0124	 	1.0116	 	1.0109	 	1.0102	 	1.0095	 	1.0089	 	1.0083	 	1.0077	 	1.0071	 	1.0066
	23	 	1.0135	 	1.0127	 	1.0118	 	1.0111	 	1.0103	 	1.0096	 	1.0089	 	1.0083	 	1.0077	 	1.0072
	24	 	1.0147	 	1.0138	 	1.0129	 	1.0120	 	1.0112	 	1.0104	 	1.0097	 	1.0090	 	1.0084	 	1.0078
	25	 	1.0161	 	1.0150	 	1.0141	 	1.0131	 	1.0122	 	1.0114	 	1.0106	 	1.0098	 	1.0091	 	1.0084
	26	 	1.0176	 	1.0164	 	1.0154	 	1.0143	 	1.0133	 	1.0124	 	1.0115	 	1.0107	 	1.0099	 	1.0092
	27	 	1.0192	 	1.0180	 	1.0168	 	1.0157	 	1.0146	 	1.0136	 	1.0126	 	1.0117	 	1.0108	 	1.0100
	28	 	1.0211	 	1.0197	 	1.0184	 	1.0172	 	1.0160	 	1.0149	 	1.0138	 	1.0128	 	1.0119	 	1.0110
	29	 	1.0231	 	1.0217	 	1.0202	 	1.0189	 	1.0176	 	1.0163	 	1.0152	 	1.0141	 	1.0130	 	1.0120
	30	 	1.0254	 	1.0238	 	1.0222	 	1.0207	 	1.0193	 	1.0180	 	1.0167	 	1.0155	 	1.0143	 	1.0132
	31	 	1.0279	 	1.0262	 	1.0244	 	1.0228	 	1.0213	 	1.0198	 	1.0184	 	1.0170	 	1.0158	 	1.0146
	32	 	1.0307	 	1.0288	 	1.0269	 	1.0251	 	1.0234	 	1.0218	 	1.0202	 	1.0188	 	1.0174	 	1.0160
	33	 	1.0338	 	1.0317	 	1.0296	 	1.0277	 	1.0258	 	1.0240	 	1.0223	 	1.0207	 	1.0192	 	1.0177
	34	 	1.0373	 	1.0349	 	1.0327	 	1.0305	 	1.0285	 	1.0265	 	1.0247	 	1.0229	 	1.0212	 	1.0196
	35	 	1.0411	 	1.0385	 	1.0361	 	1.0337	 	1.0315	 	1.0293	 	1.0273	 	1.0253	 	1.0234	 	1.0217
	36	 	1.0452	 	1.0425	 	1.0398	 	1.0372	 	1.0347	 	1.0324	 	1.0301	 	1.0280	 	1.0260	 	1.0240
	37	 	1.0499	 	1.0468	 	1.0439	 	1.0411	 	1.0384	 	1.0358	 	1.0334	 	1.0310	 	1.0288	 	1.0266
	38	 	1.0550	 	1.0517	 	1.0485	 	1.0454	 	1.0425	 	1.0396	 	1.0369	 	1.0344	 	1.0319	 	1.0295
	39	 	1.0606	 	1.0570	 	1.0535	 	1.0502	 	1.0470	 	1.0439	 	1.0409	 	1.0381	 	1.0354	 	1.0328
	40	 	1.0668	 	1.0629	 	1.0591	 	1.0555	 	1.0520	 	1.0486	 	1.0453	 	1.0422	 	1.0393	 	1.0364
	41	 	1.0736	 	1.0694	 	1.0653	 	1.0613	 	1.0575	 	1.0538	 	1.0502	 	1.0468	 	1.0436	 	1.0405
	42	 	1.0811	 	1.0765	 	1.0721	 	1.0677	 	1.0636	 	1.0595	 	1.0557	 	1.0519	 	1.0484	 	1.0450
	43	 	1.0893	 	1.0843	 	1.0795	 	1.0748	 	1.0703	 	1.0659	 	1.0616	 	1.0576	 	1.0536	 	1.0499
	44	 	1.0982	 	1.0928	 	1.0876	 	1.0825	 	1.0776	 	1.0728	 	1.0682	 	1.0637	 	1.0594	 	1.0553
	45	 	1.1079	 	1.1021	 	1.0964	 	1.0909	 	1.0855	 	1.0803	 	1.0753	 	1.0704	 	1.0658	 	1.0613
	46	 	1.1183	 	1.1121	 	1.1060	 	1.1000	 	1.0942	 	1.0885	 	1.0831	 	1.0778	 	1.0727	 	1.0678
	47	 	1.1296	 	1.1229	 	1.1163	 	1.1099	 	1.1036	 	1.0975	 	1.0915	 	1.0858	 	1.0802	 	1.0749
	48	 	1.1418	 	1.1346	 	1.1275	 	1.1206	 	1.1138	 	1.1071	 	1.1007	 	1.0944	 	1.0884	 	1.0826
	49	 	1.1550	 	1.1472	 	1.1396	 	1.1321	 	1.1248	 	1.1176	 	1.1107	 	1.1039	 	1.0973	 	1.0910
	50	 	1.1691	 	1.1609	 	1.1527	 	1.1446	 	1.1367	 	1.1290	 	1.1215	 	1.1141	 	1.1070	 	1.1001
	51	 	1.1844	 	1.1756	 	1.1668	 	1.1582	 	1.1497	 	1.1413	 	1.1332	 	1.1252	 	1.1175	 	1.1100
	52	 	1.2009	 	1.1914	 	1.1821	 	1.1728	 	1.1637	 	1.1547	 	1.1459	 	1.1374	 	1.1290	 	1.1209
	53	 	1.2186	 	1.2085	 	1.1985	 	1.1886	 	1.1789	 	1.1692	 	1.1598	 	1.1505	 	1.1415	 	1.1327
	54	 	1.2377	 	1.2270	 	1.2164	 	1.2058	 	1.1953	 	1.1850	 	1.1748	 	1.1649	 	1.1551	 	1.1456
	55	 	1.2584	 	1.2470	 	1.2357	 	1.2244	 	1.2132	 	1.2021	 	1.1912	 	1.1805	 	1.1700	 	1.1597
	56	 	1.2807	 	1.2687	 	1.2566	 	1.2446	 	1.2326	 	1.2208	 	1.2091	 	1.1976	 	1.1862	 	1.1751
	57	 	1.3049	 	1.2921	 	1.2793	 	1.2665	 	1.2538	 	1.2411	 	1.2286	 	1.2162	 	1.2040	 	1.1921
	58	 	1.3311	 	1.3175	 	1.3040	 	1.2904	 	1.2768	 	1.2633	 	1.2499	 	1.2366	 	1.2235	 	1.2107
	59	 	1.3595	 	1.3452	 	1.3308	 	1.3164	 	1.3019	 	1.2875	 	1.2732	 	1.2590	 	1.2449	 	1.2311
	60	 	1.3903	 	1.3752	 	1.3600	 	1.3447	 	1.3294	 	1.3140	 	1.2987	 	1.2835	 	1.2684	 	1.2536
	61	 	1.4239	 	1.4079	 	1.3918	 	1.3756	 	1.3593	 	1.3430	 	1.3267	 	1.3104	 	1.2943	 	1.2783
	62	 	1.4603	 	1.4435	 	1.4264	 	1.4093	 	1.3920	 	1.3746	 	1.3572	 	1.3399	 	1.3226	 	1.3055
	63	 	1.4999	 	1.4821	 	1.4641	 	1.4460	 	1.4276	 	1.4092	 	1.3907	 	1.3722	 	1.3537	 	1.3354
	64	 	1.5428	 	1.5241	 	1.5051	 	1.4859	 	1.4664	 	1.4468	 	1.4272	 	1.4074	 	1.3877	 	1.3681
	65	 	1.5892	 	1.5695	 	1.5495	 	1.5291	 	1.5086	 	1.4878	 	1.4669	 	1.4459	 	1.4249	 	1.4039
	66	 	1.6393	 	1.6185	 	1.5974	 	1.5759	 	1.5541	 	1.5321	 	1.5099	 	1.4876	 	1.4652	 	1.4428
	67	 	1.6931	 	1.6712	 	1.6489	 	1.6262	 	1.6032	 	1.5799	 	1.5564	 	1.5326	 	1.5088	 	1.4849
	68	 	1.7510	 	1.7280	 	1.7045	 	1.6806	 	1.6562	 	1.6316	 	1.6066	 	1.5814	 	1.5560	 	1.5305
	69	 	1.8139	 	1.7896	 	1.7649	 	1.7396	 	1.7139	 	1.6878	 	1.6613	 	1.6345	 	1.6075	 	1.5804
	70	 	1.8824	 	1.8569	 	1.8307	 	1.8041	 	1.7769	 	1.7493	 	1.7212	 	1.6928	 	1.6641	 	1.6352

SPX Corporation Supplemental Retirement Plan for Top Management  

Equivalent Benefit Payable Under Single Life Annuity Option

for Each $1.00 of Life Annuity Otherwise Payable  

	 
	 	BENEFICIARY'S AGE

	EMPLOYEE'S

AGE
 

	 	60
	 	61
	 	62
	 	63
	 	64
	 	65
	 	66
	 	67
	 	68
	 	69

	20	 	1.0053	 	1.0049	 	1.0046	 	1.0042	 	1.0039	 	1.0036	 	1.0033	 	1.0031	 	1.0028	 	1.0026
	21	 	1.0057	 	1.0053	 	1.0049	 	1.0045	 	1.0042	 	1.0039	 	1.0036	 	1.0033	 	1.0030	 	1.0027
	22	 	1.0061	 	1.0057	 	1.0053	 	1.0049	 	1.0045	 	1.0041	 	1.0038	 	1.0035	 	1.0032	 	1.0029
	23	 	1.0066	 	1.0061	 	1.0057	 	1.0052	 	1.0048	 	1.0044	 	1.0041	 	1.0037	 	1.0034	 	1.0031
	24	 	1.0072	 	1.0066	 	1.0061	 	1.0056	 	1.0052	 	1.0048	 	1.0044	 	1.0040	 	1.0037	 	1.0033
	25	 	1.0078	 	1.0072	 	1.0066	 	1.0061	 	1.0056	 	1.0052	 	1.0047	 	1.0043	 	1.0040	 	1.0036
	26	 	1.0085	 	1.0078	 	1.0072	 	1.0066	 	1.0061	 	1.0056	 	1.0051	 	1.0047	 	1.0043	 	1.0039
	27	 	1.0093	 	1.0085	 	1.0079	 	1.0072	 	1.0066	 	1.0061	 	1.0056	 	1.0051	 	1.0046	 	1.0042
	28	 	1.0101	 	1.0093	 	1.0086	 	1.0079	 	1.0072	 	1.0066	 	1.0061	 	1.0055	 	1.0050	 	1.0046
	29	 	1.0111	 	1.0102	 	1.0094	 	1.0086	 	1.0079	 	1.0072	 	1.0066	 	1.0060	 	1.0055	 	1.0050
	30	 	1.0122	 	1.0112	 	1.0103	 	1.0095	 	1.0087	 	1.0079	 	1.0072	 	1.0066	 	1.0060	 	1.0054
	31	 	1.0134	 	1.0124	 	1.0114	 	1.0104	 	1.0095	 	1.0087	 	1.0080	 	1.0073	 	1.0066	 	1.0060
	32	 	1.0148	 	1.0136	 	1.0125	 	1.0115	 	1.0105	 	1.0096	 	1.0088	 	1.0080	 	1.0073	 	1.0066
	33	 	1.0163	 	1.0151	 	1.0138	 	1.0127	 	1.0116	 	1.0106	 	1.0097	 	1.0088	 	1.0080	 	1.0072
	34	 	1.0181	 	1.0166	 	1.0153	 	1.0140	 	1.0129	 	1.0118	 	1.0107	 	1.0097	 	1.0088	 	1.0080
	35	 	1.0200	 	1.0184	 	1.0170	 	1.0156	 	1.0143	 	1.0130	 	1.0119	 	1.0108	 	1.0098	 	1.0089
	36	 	1.0222	 	1.0204	 	1.0188	 	1.0173	 	1.0158	 	1.0145	 	1.0132	 	1.0120	 	1.0109	 	1.0099
	37	 	1.0246	 	1.0227	 	1.0209	 	1.0192	 	1.0176	 	1.0161	 	1.0147	 	1.0134	 	1.0121	 	1.0110
	38	 	1.0273	 	1.0252	 	1.0232	 	1.0213	 	1.0196	 	1.0179	 	1.0164	 	1.0149	 	1.0135	 	1.0123
	39	 	1.0303	 	1.0280	 	1.0258	 	1.0238	 	1.0218	 	1.0200	 	1.0182	 	1.0166	 	1.0151	 	1.0137
	40	 	1.0337	 	1.0312	 	1.0288	 	1.0265	 	1.0243	 	1.0223	 	1.0204	 	1.0186	 	1.0169	 	1.0153
	41	 	1.0375	 	1.0347	 	1.0320	 	1.0295	 	1.0271	 	1.0249	 	1.0228	 	1.0208	 	1.0189	 	1.0172
	42	 	1.0417	 	1.0386	 	1.0357	 	1.0329	 	1.0303	 	1.0278	 	1.0254	 	1.0232	 	1.0212	 	1.0193
	43	 	1.0463	 	1.0429	 	1.0397	 	1.0366	 	1.0337	 	1.0310	 	1.0284	 	1.0260	 	1.0237	 	1.0216
	44	 	1.0514	 	1.0477	 	1.0441	 	1.0408	 	1.0376	 	1.0346	 	1.0317	 	1.0290	 	1.0265	 	1.0241
	45	 	1.0570	 	1.0529	 	1.0490	 	1.0453	 	1.0418	 	1.0385	 	1.0353	 	1.0324	 	1.0296	 	1.0269
	46	 	1.0631	 	1.0586	 	1.0543	 	1.0503	 	1.0464	 	1.0427	 	1.0393	 	1.0360	 	1.0329	 	1.0300
	47	 	1.0697	 	1.0648	 	1.0602	 	1.0557	 	1.0514	 	1.0474	 	1.0436	 	1.0400	 	1.0366	 	1.0334
	48	 	1.0770	 	1.0716	 	1.0665	 	1.0616	 	1.0569	 	1.0525	 	1.0483	 	1.0444	 	1.0406	 	1.0371
	49	 	1.0849	 	1.0790	 	1.0734	 	1.0680	 	1.0629	 	1.0581	 	1.0535	 	1.0491	 	1.0450	 	1.0411
	50	 	1.0935	 	1.0871	 	1.0809	 	1.0751	 	1.0695	 	1.0642	 	1.0591	 	1.0543	 	1.0498	 	1.0455
	51	 	1.1028	 	1.0959	 	1.0892	 	1.0828	 	1.0766	 	1.0708	 	1.0653	 	1.0600	 	1.0550	 	1.0503
	52	 	1.1130	 	1.1054	 	1.0982	 	1.0912	 	1.0845	 	1.0781	 	1.0720	 	1.0663	 	1.0608	 	1.0556
	53	 	1.1242	 	1.1159	 	1.1080	 	1.1004	 	1.0931	 	1.0861	 	1.0794	 	1.0731	 	1.0671	 	1.0614
	54	 	1.1364	 	1.1274	 	1.1188	 	1.1105	 	1.1025	 	1.0949	 	1.0876	 	1.0807	 	1.0741	 	1.0678
	55	 	1.1497	 	1.1400	 	1.1306	 	1.1216	 	1.1129	 	1.1046	 	1.0966	 	1.0890	 	1.0818	 	1.0749
	56	 	1.1643	 	1.1538	 	1.1436	 	1.1338	 	1.1243	 	1.1152	 	1.1065	 	1.0982	 	1.0903	 	1.0828
	57	 	1.1804	 	1.1690	 	1.1580	 	1.1473	 	1.1370	 	1.1271	 	1.1175	 	1.1084	 	1.0997	 	1.0915
	58	 	1.1981	 	1.1858	 	1.1738	 	1.1622	 	1.1510	 	1.1402	 	1.1298	 	1.1198	 	1.1103	 	1.1012
	59	 	1.2175	 	1.2042	 	1.1913	 	1.1787	 	1.1665	 	1.1547	 	1.1434	 	1.1325	 	1.1221	 	1.1121
	60	 	1.2390	 	1.2246	 	1.2106	 	1.1970	 	1.1837	 	1.1709	 	1.1585	 	1.1466	 	1.1352	 	1.1243
	61	 	1.2626	 	1.2471	 	1.2320	 	1.2172	 	1.2028	 	1.1889	 	1.1754	 	1.1624	 	1.1499	 	1.1380
	62	 	1.2886	 	1.2720	 	1.2556	 	1.2396	 	1.2241	 	1.2089	 	1.1942	 	1.1800	 	1.1664	 	1.1533
	63	 	1.3172	 	1.2993	 	1.2817	 	1.2644	 	1.2475	 	1.2311	 	1.2151	 	1.1997	 	1.1847	 	1.1704
	64	 	1.3487	 	1.3294	 	1.3104	 	1.2918	 	1.2735	 	1.2557	 	1.2383	 	1.2215	 	1.2051	 	1.1894
	65	 	1.3830	 	1.3623	 	1.3419	 	1.3218	 	1.3021	 	1.2827	 	1.2639	 	1.2456	 	1.2278	 	1.2106
	66	 	1.4204	 	1.3983	 	1.3763	 	1.3547	 	1.3334	 	1.3125	 	1.2920	 	1.2721	 	1.2527	 	1.2340
	67	 	1.4610	 	1.4373	 	1.4137	 	1.3904	 	1.3674	 	1.3449	 	1.3227	 	1.3011	 	1.2801	 	1.2596
	68	 	1.5050	 	1.4796	 	1.4544	 	1.4294	 	1.4046	 	1.3803	 	1.3564	 	1.3329	 	1.3101	 	1.2878
	69	 	1.5532	 	1.5261	 	1.4990	 	1.4722	 	1.4456	 	1.4193	 	1.3935	 	1.3681	 	1.3433	 	1.3191
	70	 	1.6062	 	1.5772	 	1.5482	 	1.5194	 	1.4908	 	1.4625	 	1.4346	 	1.4072	 	1.3803	 	1.3540

SPX Corporation Supplemental Retirement Plan for Top Management  

Equivalent Benefit Payable Under Single Life Annuity Option

for Each $1.00 of Life Annuity Otherwise Payable  

	 
	 	BENEFICIARY'S AGE

	EMPLOYEE'S

AGE
 

	 	70
	 	71
	 	72
	 	73
	 	74
	 	75
	 	76
	 	77
	 	78
	 	79

	20	 	1.0024	 	1.0022	 	1.0020	 	1.0018	 	1.0016	 	1.0015	 	1.0013	 	1.0012	 	1.0011	 	1.0010
	21	 	1.0025	 	1.0023	 	1.0021	 	1.0019	 	1.0017	 	1.0016	 	1.0014	 	1.0013	 	1.0012	 	1.0011
	22	 	1.0027	 	1.0024	 	1.0022	 	1.0020	 	1.0018	 	1.0017	 	1.0015	 	1.0014	 	1.0012	 	1.0011
	23	 	1.0028	 	1.0026	 	1.0024	 	1.0021	 	1.0019	 	1.0018	 	1.0016	 	1.0014	 	1.0013	 	1.0012
	24	 	1.0030	 	1.0028	 	1.0025	 	1.0023	 	1.0021	 	1.0019	 	1.0017	 	1.0015	 	1.0014	 	1.0013
	25	 	1.0033	 	1.0030	 	1.0027	 	1.0024	 	1.0022	 	1.0020	 	1.0018	 	1.0016	 	1.0015	 	1.0013
	26	 	1.0035	 	1.0032	 	1.0029	 	1.0026	 	1.0024	 	1.0022	 	1.0019	 	1.0018	 	1.0016	 	1.0014
	27	 	1.0038	 	1.0035	 	1.0031	 	1.0028	 	1.0026	 	1.0023	 	1.0021	 	1.0019	 	1.0017	 	1.0015
	28	 	1.0041	 	1.0038	 	1.0034	 	1.0031	 	1.0028	 	1.0025	 	1.0023	 	1.0020	 	1.0018	 	1.0016
	29	 	1.0045	 	1.0041	 	1.0037	 	1.0033	 	1.0030	 	1.0027	 	1.0024	 	1.0022	 	1.0020	 	1.0018
	30	 	1.0049	 	1.0045	 	1.0040	 	1.0036	 	1.0033	 	1.0029	 	1.0027	 	1.0024	 	1.0021	 	1.0019
	31	 	1.0054	 	1.0049	 	1.0044	 	1.0040	 	1.0036	 	1.0032	 	1.0029	 	1.0026	 	1.0023	 	1.0021
	32	 	1.0059	 	1.0054	 	1.0048	 	1.0044	 	1.0039	 	1.0035	 	1.0032	 	1.0028	 	1.0025	 	1.0023
	33	 	1.0065	 	1.0059	 	1.0053	 	1.0048	 	1.0043	 	1.0039	 	1.0035	 	1.0031	 	1.0028	 	1.0025
	34	 	1.0072	 	1.0065	 	1.0059	 	1.0053	 	1.0047	 	1.0043	 	1.0038	 	1.0034	 	1.0031	 	1.0027
	35	 	1.0080	 	1.0072	 	1.0065	 	1.0059	 	1.0053	 	1.0047	 	1.0042	 	1.0038	 	1.0034	 	1.0030
	36	 	1.0089	 	1.0080	 	1.0072	 	1.0065	 	1.0058	 	1.0052	 	1.0047	 	1.0042	 	1.0037	 	1.0033
	37	 	1.0099	 	1.0090	 	1.0081	 	1.0072	 	1.0065	 	1.0058	 	1.0052	 	1.0047	 	1.0042	 	1.0037
	38	 	1.0111	 	1.0100	 	1.0090	 	1.0081	 	1.0073	 	1.0065	 	1.0058	 	1.0052	 	1.0047	 	1.0041
	39	 	1.0124	 	1.0112	 	1.0101	 	1.0091	 	1.0081	 	1.0073	 	1.0065	 	1.0058	 	1.0052	 	1.0046
	40	 	1.0139	 	1.0125	 	1.0113	 	1.0102	 	1.0091	 	1.0082	 	1.0073	 	1.0066	 	1.0059	 	1.0052
	41	 	1.0156	 	1.0141	 	1.0127	 	1.0114	 	1.0103	 	1.0092	 	1.0083	 	1.0074	 	1.0066	 	1.0059
	42	 	1.0175	 	1.0158	 	1.0143	 	1.0128	 	1.0116	 	1.0104	 	1.0093	 	1.0084	 	1.0075	 	1.0067
	43	 	1.0196	 	1.0177	 	1.0160	 	1.0144	 	1.0130	 	1.0117	 	1.0105	 	1.0094	 	1.0085	 	1.0076
	44	 	1.0219	 	1.0199	 	1.0180	 	1.0162	 	1.0146	 	1.0132	 	1.0118	 	1.0106	 	1.0095	 	1.0085
	45	 	1.0245	 	1.0222	 	1.0201	 	1.0182	 	1.0164	 	1.0148	 	1.0133	 	1.0120	 	1.0107	 	1.0096
	46	 	1.0273	 	1.0248	 	1.0225	 	1.0203	 	1.0184	 	1.0166	 	1.0149	 	1.0134	 	1.0121	 	1.0108
	47	 	1.0304	 	1.0276	 	1.0250	 	1.0227	 	1.0205	 	1.0185	 	1.0167	 	1.0150	 	1.0135	 	1.0121
	48	 	1.0338	 	1.0307	 	1.0279	 	1.0252	 	1.0228	 	1.0206	 	1.0186	 	1.0168	 	1.0151	 	1.0136
	49	 	1.0375	 	1.0341	 	1.0309	 	1.0280	 	1.0254	 	1.0229	 	1.0207	 	1.0187	 	1.0168	 	1.0151
	50	 	1.0415	 	1.0378	 	1.0343	 	1.0311	 	1.0282	 	1.0255	 	1.0230	 	1.0207	 	1.0187	 	1.0168
	51	 	1.0459	 	1.0418	 	1.0380	 	1.0345	 	1.0312	 	1.0282	 	1.0255	 	1.0230	 	1.0207	 	1.0187
	52	 	1.0508	 	1.0462	 	1.0420	 	1.0381	 	1.0346	 	1.0313	 	1.0283	 	1.0255	 	1.0230	 	1.0207
	53	 	1.0561	 	1.0511	 	1.0465	 	1.0422	 	1.0382	 	1.0346	 	1.0313	 	1.0282	 	1.0254	 	1.0229
	54	 	1.0620	 	1.0565	 	1.0514	 	1.0466	 	1.0423	 	1.0383	 	1.0346	 	1.0312	 	1.0282	 	1.0254
	55	 	1.0685	 	1.0624	 	1.0568	 	1.0516	 	1.0468	 	1.0424	 	1.0383	 	1.0346	 	1.0312	 	1.0281
	56	 	1.0757	 	1.0690	 	1.0628	 	1.0571	 	1.0518	 	1.0469	 	1.0424	 	1.0383	 	1.0345	 	1.0311
	57	 	1.0837	 	1.0763	 	1.0695	 	1.0632	 	1.0574	 	1.0520	 	1.0470	 	1.0425	 	1.0383	 	1.0345
	58	 	1.0926	 	1.0846	 	1.0771	 	1.0701	 	1.0636	 	1.0577	 	1.0522	 	1.0471	 	1.0425	 	1.0383
	59	 	1.1027	 	1.0938	 	1.0855	 	1.0778	 	1.0707	 	1.0641	 	1.0580	 	1.0524	 	1.0473	 	1.0426
	60	 	1.1139	 	1.1042	 	1.0950	 	1.0865	 	1.0786	 	1.0714	 	1.0646	 	1.0584	 	1.0528	 	1.0476
	61	 	1.1266	 	1.1158	 	1.1058	 	1.0964	 	1.0877	 	1.0796	 	1.0721	 	1.0653	 	1.0589	 	1.0532
	62	 	1.1408	 	1.1289	 	1.1178	 	1.1075	 	1.0978	 	1.0889	 	1.0806	 	1.0730	 	1.0660	 	1.0596
	63	 	1.1567	 	1.1436	 	1.1314	 	1.1200	 	1.1093	 	1.0994	 	1.0903	 	1.0818	 	1.0740	 	1.0668
	64	 	1.1744	 	1.1601	 	1.1466	 	1.1340	 	1.1223	 	1.1113	 	1.1011	 	1.0917	 	1.0831	 	1.0751
	65	 	1.1941	 	1.1784	 	1.1636	 	1.1497	 	1.1367	 	1.1246	 	1.1134	 	1.1029	 	1.0933	 	1.0844
	66	 	1.2160	 	1.1987	 	1.1825	 	1.1672	 	1.1529	 	1.1395	 	1.1270	 	1.1154	 	1.1047	 	1.0949
	67	 	1.2399	 	1.2211	 	1.2032	 	1.1864	 	1.1707	 	1.1559	 	1.1421	 	1.1293	 	1.1174	 	1.1065
	68	 	1.2663	 	1.2457	 	1.2262	 	1.2077	 	1.1904	 	1.1741	 	1.1589	 	1.1448	 	1.1316	 	1.1194
	69	 	1.2957	 	1.2732	 	1.2518	 	1.2316	 	1.2125	 	1.1946	 	1.1778	 	1.1621	 	1.1476	 	1.1341
	70	 	1.3285	 	1.3039	 	1.2805	 	1.2583	 	1.2374	 	1.2177	 	1.1992	 	1.1819	 	1.1657	 	1.1507

SPX Corporation Supplemental Retirement Plan for Top Management  

Equivalent Benefit Payable Under Single Life Annuity Option

for Each $1.00 of Life Annuity Otherwise Payable  

	 
	 	BENEFICIARY'S AGE

	EMPLOYEE'S

AGE
 

	 	80
	 	81
	 	82
	 	83
	 	84
	 	85
	 	86
	 	87
	 	88
	 	89

	20	 	1.0009	 	1.0008	 	1.0007	 	1.0007	 	1.0006	 	1.0005	 	1.0005	 	1.0004	 	1.0004	 	1.0003
	21	 	1.0009	 	1.0009	 	1.0008	 	1.0007	 	1.0006	 	1.0006	 	1.0005	 	1.0004	 	1.0004	 	1.0004
	22	 	1.0010	 	1.0009	 	1.0008	 	1.0007	 	1.0007	 	1.0006	 	1.0005	 	1.0005	 	1.0004	 	1.0004
	23	 	1.0011	 	1.0010	 	1.0009	 	1.0008	 	1.0007	 	1.0006	 	1.0006	 	1.0005	 	1.0004	 	1.0004
	24	 	1.0011	 	1.0010	 	1.0009	 	1.0008	 	1.0007	 	1.0007	 	1.0006	 	1.0005	 	1.0005	 	1.0004
	25	 	1.0012	 	1.0011	 	1.0010	 	1.0009	 	1.0008	 	1.0007	 	1.0006	 	1.0006	 	1.0005	 	1.0004
	26	 	1.0013	 	1.0012	 	1.0010	 	1.0009	 	1.0008	 	1.0007	 	1.0007	 	1.0006	 	1.0005	 	1.0005
	27	 	1.0014	 	1.0012	 	1.0011	 	1.0010	 	1.0009	 	1.0008	 	1.0007	 	1.0006	 	1.0006	 	1.0005
	28	 	1.0015	 	1.0013	 	1.0012	 	1.0011	 	1.0010	 	1.0009	 	1.0008	 	1.0007	 	1.0006	 	1.0005
	29	 	1.0016	 	1.0014	 	1.0013	 	1.0011	 	1.0010	 	1.0009	 	1.0008	 	1.0007	 	1.0006	 	1.0006
	30	 	1.0017	 	1.0015	 	1.0014	 	1.0012	 	1.0011	 	1.0010	 	1.0009	 	1.0008	 	1.0007	 	1.0006
	31	 	1.0019	 	1.0017	 	1.0015	 	1.0013	 	1.0012	 	1.0011	 	1.0009	 	1.0008	 	1.0007	 	1.0007
	32	 	1.0020	 	1.0018	 	1.0016	 	1.0015	 	1.0013	 	1.0012	 	1.0010	 	1.0009	 	1.0008	 	1.0007
	33	 	1.0022	 	1.0020	 	1.0018	 	1.0016	 	1.0014	 	1.0013	 	1.0011	 	1.0010	 	1.0009	 	1.0008
	34	 	1.0024	 	1.0022	 	1.0019	 	1.0017	 	1.0015	 	1.0014	 	1.0012	 	1.0011	 	1.0010	 	1.0008
	35	 	1.0027	 	1.0024	 	1.0021	 	1.0019	 	1.0017	 	1.0015	 	1.0013	 	1.0012	 	1.0010	 	1.0009
	36	 	1.0030	 	1.0027	 	1.0024	 	1.0021	 	1.0019	 	1.0017	 	1.0015	 	1.0013	 	1.0011	 	1.0010
	37	 	1.0033	 	1.0029	 	1.0026	 	1.0023	 	1.0021	 	1.0018	 	1.0016	 	1.0014	 	1.0013	 	1.0011
	38	 	1.0037	 	1.0033	 	1.0029	 	1.0026	 	1.0023	 	1.0020	 	1.0018	 	1.0016	 	1.0014	 	1.0012
	39	 	1.0041	 	1.0037	 	1.0033	 	1.0029	 	1.0026	 	1.0023	 	1.0020	 	1.0018	 	1.0016	 	1.0014
	40	 	1.0047	 	1.0041	 	1.0037	 	1.0033	 	1.0029	 	1.0026	 	1.0023	 	1.0020	 	1.0018	 	1.0015
	41	 	1.0053	 	1.0047	 	1.0042	 	1.0037	 	1.0033	 	1.0029	 	1.0026	 	1.0023	 	1.0020	 	1.0017
	42	 	1.0060	 	1.0053	 	1.0047	 	1.0042	 	1.0037	 	1.0033	 	1.0029	 	1.0026	 	1.0023	 	1.0020
	43	 	1.0068	 	1.0060	 	1.0054	 	1.0048	 	1.0042	 	1.0038	 	1.0033	 	1.0029	 	1.0026	 	1.0023
	44	 	1.0076	 	1.0068	 	1.0061	 	1.0054	 	1.0048	 	1.0043	 	1.0038	 	1.0033	 	1.0029	 	1.0026
	45	 	1.0086	 	1.0077	 	1.0069	 	1.0061	 	1.0054	 	1.0048	 	1.0043	 	1.0038	 	1.0033	 	1.0029
	46	 	1.0097	 	1.0087	 	1.0077	 	1.0069	 	1.0062	 	1.0055	 	1.0049	 	1.0043	 	1.0038	 	1.0033
	47	 	1.0109	 	1.0097	 	1.0087	 	1.0078	 	1.0069	 	1.0062	 	1.0055	 	1.0048	 	1.0043	 	1.0038
	48	 	1.0122	 	1.0109	 	1.0098	 	1.0087	 	1.0078	 	1.0069	 	1.0061	 	1.0054	 	1.0048	 	1.0043
	49	 	1.0136	 	1.0122	 	1.0109	 	1.0097	 	1.0087	 	1.0077	 	1.0069	 	1.0061	 	1.0054	 	1.0048
	50	 	1.0151	 	1.0135	 	1.0121	 	1.0109	 	1.0097	 	1.0086	 	1.0077	 	1.0068	 	1.0060	 	1.0053
	51	 	1.0168	 	1.0151	 	1.0135	 	1.0121	 	1.0108	 	1.0096	 	1.0086	 	1.0076	 	1.0067	 	1.0060
	52	 	1.0186	 	1.0167	 	1.0150	 	1.0134	 	1.0120	 	1.0107	 	1.0095	 	1.0085	 	1.0075	 	1.0066
	53	 	1.0206	 	1.0185	 	1.0166	 	1.0149	 	1.0133	 	1.0119	 	1.0106	 	1.0094	 	1.0083	 	1.0074
	54	 	1.0228	 	1.0205	 	1.0184	 	1.0165	 	1.0147	 	1.0131	 	1.0117	 	1.0104	 	1.0092	 	1.0082
	55	 	1.0253	 	1.0227	 	1.0204	 	1.0182	 	1.0163	 	1.0146	 	1.0130	 	1.0115	 	1.0102	 	1.0090
	56	 	1.0280	 	1.0251	 	1.0226	 	1.0202	 	1.0181	 	1.0161	 	1.0144	 	1.0128	 	1.0113	 	1.0100
	57	 	1.0310	 	1.0279	 	1.0250	 	1.0224	 	1.0200	 	1.0179	 	1.0159	 	1.0142	 	1.0126	 	1.0111
	58	 	1.0345	 	1.0310	 	1.0278	 	1.0249	 	1.0223	 	1.0199	 	1.0177	 	1.0157	 	1.0139	 	1.0123
	59	 	1.0384	 	1.0345	 	1.0309	 	1.0277	 	1.0248	 	1.0221	 	1.0197	 	1.0175	 	1.0155	 	1.0137
	60	 	1.0428	 	1.0385	 	1.0345	 	1.0310	 	1.0277	 	1.0247	 	1.0220	 	1.0196	 	1.0173	 	1.0153
	61	 	1.0479	 	1.0431	 	1.0387	 	1.0347	 	1.0310	 	1.0277	 	1.0247	 	1.0219	 	1.0194	 	1.0172
	62	 	1.0537	 	1.0483	 	1.0434	 	1.0389	 	1.0348	 	1.0311	 	1.0277	 	1.0246	 	1.0219	 	1.0193
	63	 	1.0603	 	1.0543	 	1.0488	 	1.0438	 	1.0392	 	1.0350	 	1.0312	 	1.0278	 	1.0247	 	1.0218
	64	 	1.0678	 	1.0611	 	1.0549	 	1.0493	 	1.0442	 	1.0395	 	1.0353	 	1.0314	 	1.0279	 	1.0247
	65	 	1.0763	 	1.0688	 	1.0619	 	1.0556	 	1.0499	 	1.0447	 	1.0399	 	1.0355	 	1.0316	 	1.0280
	66	 	1.0858	 	1.0774	 	1.0698	 	1.0628	 	1.0563	 	1.0504	 	1.0451	 	1.0402	 	1.0357	 	1.0317
	67	 	1.0964	 	1.0871	 	1.0785	 	1.0707	 	1.0635	 	1.0569	 	1.0509	 	1.0454	 	1.0404	 	1.0358
	68	 	1.1082	 	1.0978	 	1.0883	 	1.0796	 	1.0715	 	1.0641	 	1.0574	 	1.0512	 	1.0456	 	1.0405
	69	 	1.1216	 	1.1101	 	1.0994	 	1.0897	 	1.0807	 	1.0724	 	1.0648	 	1.0579	 	1.0516	 	1.0458
	70	 	1.1369	 	1.1240	 	1.1122	 	1.1013	 	1.0912	 	1.0819	 	1.0734	 	1.0657	 	1.0585	 	1.0521

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Exhibit 10.1

SPX CORPORATION SUPPLEMENTAL RETIREMENT PLAN FOR TOP MANAGEMENT (As Amended and Restated effective January 1, 2002 and conformed to include amendments effective through May 5, 2005)

TABLE OF CONTENTS

SPX CORPORATION SUPPLEMENTAL RETIREMENT PLAN FOR TOP MANAGEMENT

ARTICLE I DEFINITIONS

ARTICLE II ELIGIBILITY

ARTICLE III TOP MANAGEMENT RETIREMENT BENEFITS

ARTICLE IV TOP MANAGEMENT PRE-RETIREMENT DEATH BENEFIT

ARTICLE V ADMINISTRATION OF THE PLAN

ARTICLE VI AMENDMENT OR TERMINATION

ARTICLE VII GENERAL PROVISIONS

ARTICLE VIII CHANGE-OF-CONTROL

ARTICLE IX SPECIAL PROVISIONS

Appendix A Special Provisions for Peter M. Turner, Donald H. Johnson and A. David Joseph (Group "A" Participants)

Appendix B Special Provisions for Budd Werner and Curt Atkisson ("Group B Participants")

Appendix C Special Provisions for Dale Johnson

Appendix D Special Provisions for David Reynolds

Appendix E Special Provisions for John Tyson

Appendix F Special Provisions for Fred Florjancic

Appendix G Special Provisions for Jay Caraviello and William Griffiths

Appendix H Special Provisions for Ross Bricker

TABLE A Actuarial Factors

Equivalent Benefit Payable Under Single Life Annuity Option for Each $1.00 of Life Annuity Otherwise Payable

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