Document:

<PAGE>

                                                                 Exhibit 10.6(a)

                       FMC CORPORATION SALARIED EMPLOYEES'
                           EQUIVALENT RETIREMENT PLAN
                             GRANTOR TRUST AGREEMENT

This Grantor Trust Agreement (the "Trust Agreement") is made this 31/st/ day of
July 2001 by and between FMC CORPORATION ("the Company") and WACHOVIA BANK, N.A.
("the Trustee").

                                    Recitals
                                    --------

(a)    WHEREAS, the Company has adopted the FMC Corporation Salaried
       Employees' Equivalent Retirement Plan (the "Arrangement");

(b)    WHEREAS, the Company has incurred or expects to incur liability under
       the terms of such Arrangement with respect to the individuals
       participating in such Arrangement (the "Participants and Beneficiaries");

(c)    WHEREAS, the Company has previously established a grantor trust effective
       April 14, 1999 (the "Prior Trust") for such Arrangement and wishes by
       this Trust (the "Trust") to amend and restate such Prior Trust and shall
       contribute to the Trust assets that shall be held therein, subject to the
       claims of the Company's creditors in the event of the Company's
       Insolvency, and subject to the claims of a Subsidiary's creditors in the
       event of the Subsidiary's Insolvency to the extent the Trust assets were
       contributed on behalf of such Subsidiary's employees, until paid to
       Participants and their Beneficiaries in such manner and at such times as
       specified in the Arrangement and in this Trust Agreement;

(d)    WHEREAS, it is the intention of the parties that this Trust shall
       constitute an unfunded arrangement and shall not affect the status of the
       Arrangement as unfunded plans maintained for the purpose of providing
       executive benefits for a select group of management or highly compensated
       employees for purposes of Title I of the Employee Retirement Income
       Security Act of 1974; and

(e)    WHEREAS, it is the intention of the Company to make contributions to
       the Trust to provide itself with a source of funds (the "Fund") to assist
       it in satisfying its liabilities under the Arrangement.

NOW, THEREFORE, the parties do hereby establish the Trust and agree that the
Trust shall be comprised, held and disposed of as follows:

                                       -1-

<PAGE>

Section 1.        Establishment of The Trust
                  --------------------------

(a)      The Trust is intended to be a Grantor Trust, of which the Company is
         the Grantor, within the meaning of subpart E, part I, subchapter J,
         chapter 1, subtitle A of the Internal Revenue Code of 1986, as amended,
         and shall be construed accordingly.

(b)      The Company shall be considered a Grantor for the purposes of the
         Trust.

(c)      The Trust hereby established is revocable by the Company; it shall
         become irrevocable upon a Potential Change in Control or Change in
         Control, as defined herein (except as may otherwise be provided by this
         Trust Agreement); provided however, in the event that no Change in
         Control occurs within one year of a Potential Change in Control, this
         Trust shall again become revocable until a Potential Change in Control
         or Change in Control should occur.

(d)      The Company hereby deposits with the Trustee in the Trust one-thousand
         dollars and zero cents ($1,000.00) which shall become the principal of
         the Trust to be held, administered and disposed of by the Trustee as
         provided in this Trust Agreement.

(e)      The principal of the Trust, and any earnings thereon shall be held
         separate and apart from other funds of the Company and shall be used
         exclusively for the uses and purposes of Participants and general
         creditors as herein set forth. Participants and their Beneficiaries
         shall have no preferred claim on, or any beneficial ownership interest
         in, any assets of the Trust. Any rights created under the Arrangement
         and this Trust Agreement shall be unsecured contractual rights of
         Participants and their Beneficiaries against the Company. Any assets
         held by the Trust will be subject to the claims of the general
         creditors of the Company under federal and state law in the event the
         Company is Insolvent, and subject to a Subsidiary's creditors in the
         event of the Subsidiary's Insolvency to the extent the Trust assets
         were contributed to the Trust on behalf of the Subsidiary's employees.

(f)      The Company, in its sole discretion, may at any time, or from time to
         time, make additional deposits of cash or other property acceptable
         to the Trustee in the Trust to augment the principal to be held,
         administered and disposed of by the Trustee as provided in this Trust
         Agreement. Prior to a Change in Control, neither the Trustee nor any
         Participant or Beneficiary shall have any right to compel additional
         deposits.

(g)      As soon as practicable after the Company has knowledge that a Change in
         Control is imminent, but no later than the last business day
         immediately preceding the date of the Change in Control, the Company
         shall make a contribution to the Trust in an amount equal to the
         Required Funding Amount as defined by this Trust less any assets held
         by the Trust. At least each six months after the occurrence of a Change
         in Control, the Company shall make a contribution in the amount, if
         any, by which the Required Funding Amount exceeds the value of assets
         held by the Trust.

                                       -2-

<PAGE>

Section 2.       Payments to Participants and Their Beneficiaries
                 ------------------------------------------------

(a)      Prior to a Change in Control, the Trustee shall make distributions
         from the Trust to Participants and Beneficiaries at the direction of
         the Company. Prior to a Change in Control, the entitlement of a
         Participant or his or her Beneficiaries to benefits under the
         Arrangement shall be determined as provided by the Arrangement, and any
         claim for such benefits shall be considered and reviewed under the
         procedures set out in the Arrangement.

(b)      The Company may make payment of benefits directly to Participants or
         their Beneficiaries as they become due under the terms of the
         Arrangement. The Company shall notify the Trustee of its decision to
         make payment of benefits directly prior to the time amounts are payable
         to Participants or their Beneficiaries. In addition, if the principal
         of the Trust, and any earnings thereon, are not sufficient to make
         payments of benefits in accordance with the terms of the Arrangement,
         the Company shall make the balance of each such payment as it falls due
         in accordance with the Arrangement. The Trustee shall notify the
         Company where principal and earnings are not sufficient. Nothing in
         this Agreement shall relieve the Company of its liabilities to pay
         benefits due under the Arrangement except to the extent such
         liabilities are met by application of assets of the Trust.

(c)      After a Potential Change in Control and before a Change in Control, the
         Company shall deliver to the Trustee a schedule of benefits due under
         the Arrangement. After a Change in Control, the Company shall continue
         to make the determination of benefits due to Participants or their
         Beneficiaries and shall provide the Trustee with an updated schedule of
         benefits due; provided however, a Participant or their Beneficiaries
         may make application to the Trustee for an independent decision as to
         the amount or form of their benefits due under the Arrangement. The
         Trustee shall notify the Company of any such appeal and the Company
         shall be permitted to provide the Trustee with any information the
         Company wishes the Trustee to consider in making a determination
         pursuant to this Section. In making any determination required or
         permitted to be made by the Trustee under this Section, the Trustee
         shall, in each such case, reach its own independent determination, in
         its absolute and sole discretion, as to the Participant's or
         Beneficiary's entitlement to a payment hereunder. In making its
         determination, the Trustee may consult with and make such inquiries of
         such persons, including the Participant or Beneficiary, the Company,
         legal counsel, actuaries or other persons, as the Trustee may
         reasonably deem necessary. Any reasonable costs incurred by the Trustee
         in arriving at its determination shall be reimbursed by the Company
         and, to the extent not paid by the Company within a reasonable time,
         shall be charged to the Trust. The Company waives any right to contest
         any amount paid over by the Trustee hereunder pursuant to a good faith
         determination made by the Trustee notwithstanding any claim by or on
         behalf of the Company (absent a manifest abuse of discretion by the
         Trustee) that such payments should not be made.

(d)      In the event any Participant or his or her Beneficiary is determined to
         be subject to federal income tax on any amount to the credit of his or
         her account under any Arrangement prior to the time of payment
         hereunder, whether or not due to the establishment of or contributions
         to this Trust, a portion of such taxable amount equal to

                                       -3-

<PAGE>

         the federal, state and local taxes (excluding any interest or
         penalties) owed on such taxable amount, shall be distributed by the
         Trustee as soon thereafter as practicable to such Participant or
         Beneficiary. For these purposes, a Participant or Beneficiary shall be
         deemed to pay state and local taxes at the highest marginal rate of
         taxation in the state in which the Participant resides or is employed
         (or both) where a tax is imposed and federal income taxes at the
         highest marginal rate of taxation, net of the maximum reduction in
         federal income taxes which could be obtained from deduction of such
         state and local taxes. Any distributions from the Fund to a Participant
         or Beneficiary under this Section 2(d) shall be applied to reduce the
         Company liabilities to such Participant and/or Beneficiary under the
         applicable Arrangement with such reductions to be made on a pro-rata
         basis over the term of benefit payments under the Arrangement

(e)      The Trustee agrees that it will not itself institute any action at
         law or at equity, whether in the nature of an accounting, interpleading
         action, request for a declaratory judgment or otherwise, requesting a
         court or administrative or quasi-judicial body to make the
         determination required to be made by the Trustee under this Section 2
         in the place and stead of the Trustee. The Trustee may (and, if
         necessary or appropriate, shall) institute an action to collect a
         contribution due the Trust following a Change in Control or in the
         event that the Trust should ever experience a short-fall in the amount
         of assets necessary to make payments pursuant to the terms of the
         Arrangement.

Section 3.    Trustee Responsibility Regarding Payments
              To The Trust Beneficiary When The Company Is Insolvent
              ------------------------------------------------------

(a)      The Trustee shall cease payment of benefits to Participants and
         their Beneficiaries if the Company is Insolvent or a Subsidiary is
         Insolvent to the extent the Trust assets were contributed on behalf of
         the Subsidiary's employees. The Company and/or a Subsidiary shall be
         considered "Insolvent" for purposes of this Trust Agreement if (i) the
         Company and/or a Subsidiary is unable to pay its debts as they become
         due, or (ii) the Company and/or a Subsidiary is subject to a pending
         proceeding as a debtor under the United States Bankruptcy Code.

(b)      At all times during the continuance of this Trust, the principal
         and income of the Trust shall be subject to claims of general creditors
         of the Company and/or a Subsidiary under federal and state law as set
         forth below.

         (1) The Board of Directors and the Chief Executive Officer of the
             Company, or in the case of a Subsidiary, the President of the
             Subsidiary shall have the duty to inform the Trustee in writing
             that the Company and/or a Subsidiary is Insolvent. If a person
             claiming to be a creditor of the Company and/or a Subsidiary
             alleges in writing to the Trustee that the Company and/or a
             Subsidiary has become Insolvent, the Trustee shall determine
             whether the Company and/or a Subsidiary is Insolvent and, pending
             such determination, the Trustee shall discontinue payment of
             benefits to Participants or their Beneficiaries.

                                       -4-

<PAGE>

         (2)   Unless the Trustee has actual knowledge that the Company and/ or
               a Subsidiary is Insolvent, or has received notice from the
               Company and/or a Subsidiary or a person claiming to be a creditor
               alleging that the Company's and/or a Subsidiary is Insolvent, the
               Trustee shall have no duty to inquire whether the Company and/or
               a Subsidiary is Insolvent. The Trustee may in all events rely on
               such evidence concerning the Company's and/or a Subsidiary's
               solvency as may be furnished to the Trustee and that provides the
               Trustee with a reasonable basis for making a determination
               concerning the Company's and/or a Subsidiary's solvency.

         (3)   If at any time the Trustee has determined that the Company and/or
               a Subsidiary is Insolvent, the Trustee shall discontinue payments
               to Participants or their Beneficiaries and shall hold the assets
               of the Trust for the benefit of the Company's general creditors
               and shall hold the assets of the Trust to the extent contributed
               on behalf of the employees of a Subsidiary for the benefit of the
               Subsidiary's general creditors. Nothing in this Trust Agreement
               shall in any way diminish any rights of Participants or their
               Beneficiaries to pursue their rights as general creditors of the
               Company and/or a Subsidiary with respect to benefits due under
               the Arrangement or otherwise.

         (4)   The Trustee shall resume the payment of benefits to Participants
               or their Beneficiaries in accordance with Section 2 of this Trust
               Agreement only after the Trustee has determined that the Company
               and/or a Subsidiary is not Insolvent (or is no longer Insolvent).

(c)      Provided that there are sufficient assets, if the Trustee discontinues
         the payment of benefits from the Trust pursuant to Section 3(b) hereof
         and subsequently resumes such payments, the first payment following
         such discontinuance shall include the aggregate amount of all payments
         due to Participants or their Beneficiaries under the terms of the
         Arrangement for the period of such discontinuance, less the aggregate
         amount of any payments made to Participants or their Beneficiaries by
         the Company and/or a Subsidiary in lieu of the payments provided for
         hereunder during any such period of discontinuance.

(d)      The Insolvency of a Subsidiary shall not, in and of itself, cause the
         Company or any other Subsidiary participating in this Trust to be
         Insolvent. However, any assets attributable to such Insolvent
         Subsidiary held by this Trust shall be held for the benefit of the
         Insolvent Subsdiary's general creditors.

                                       -5-

<PAGE>

Section 4.    Payments When a Short-Fall of The Trust Assets Occurs
              -----------------------------------------------------

(a)      If there are not sufficient assets for the payment of current and
         expected future benefits pursuant to Section 2 or Section 3(c) hereof
         and the Company does not otherwise make such payments within a
         reasonable time after demand from the Trustee, the Trustee shall
         allocate the Trust assets among the Participants or their Beneficiaries
         in a pro rata manner with respect to the total present value of
         benefits expected for each Participant or Beneficiary.

(b)      Upon receipt of a contribution from the Company necessary to make up
         for a shortfall in the payments due, the Trustee shall resume payments
         to all the Participants and Beneficiaries under the Arrangement. In
         addition to the normally scheduled payments due under the Arrangement,
         the Trustee shall make a payment to the Participants and Beneficiaries,
         as soon as is practicable following the Company's contribution equal to
         the amount by which any payment was reduced during the period for which
         the Trustee made payments under Section 4(a). Following a Change in
         Control, the Trustee shall have the right and duty to compel a
         contribution to the Trust from the Company to make-up for any
         shortfall.

Section 5.    Payments to the Company
              -----------------------

Except as provided in Section 3 hereof, after the Trust has become irrevocable,
the Company shall have no right or power to direct the Trustee to return to the
Company or to divert to others any of the Trust assets before all payment of
benefits have been made to Participants and their Beneficiaries pursuant to the
terms of the Arrangement. Following payment of all benefits due under the
Arrangement and any remaining fees and expenses, the Trustee shall return any
amounts remaining in the Trust to the Company.

Section 6.    Investment Authority
              --------------------

(a)      The Trustee shall not be liable in discharging its duties hereunder,
         including without limitation its duty to invest and reinvest the Fund,
         if it acts for the exclusive benefit of the Participants and their
         Beneficiaries, in good faith and as a prudent person would act in
         accomplishing a similar task and in accordance with the terms of this
         Trust Agreement and any applicable federal or state laws, rules or
         regulations.

(b)      Subject to investment guidelines agreed to in writing from time to time
         by the Company and the Trustee prior to a Change in Control and Section
         6(c), the Trustee shall have the power in investing and reinvesting the
         Fund in its sole discretion:

         (1)  To invest and reinvest in any readily marketable common and
              preferred stocks, bonds, notes, debentures (including convertible
              stocks and securities but not including any stock or security of
              the Trustee other than a de minimus amount held in a mutual fund),
              certificates of deposit or demand or time deposits (including any
              such deposits with the Trustee) and shares of investment companies
              and mutual funds, without being limited to the classes or property
              in which the Trustees are authorized to invest by any law or any
              rule of court of any

                                       -6-

<PAGE>

                  state and without regard to the proportion any such property
                  may bear to the entire amount of the Fund;

         (2)      To invest and reinvest all or any portion of the Fund
                  collectively through the medium of any proprietary mutual fund
                  that may be established and maintained by the Trustee;

         (3)      To commingle for investment purposes all or any portion of
                  the Fund with assets of any other similar trust or trusts
                  established by the Company with the Trustee for the purpose of
                  safeguarding deferred compensation or retirement income or
                  benefits of its employees and/or directors;

         (4)      To retain any property at any time received by the Trustee;

         (5)      To sell or exchange any property held by it at public or
                  private sale, for cash or on credit, to grant and exercise
                  options for the purchase or exchange thereof, to exercise all
                  conversion or subscription rights pertaining to any such
                  property and to enter into any covenant or agreement to
                  purchase any property in the future;

         (6)      To participate in any plan of reorganization, consolidation,
                  merger, combination, liquidation or other similar plan
                  relating to property held by it and to consent to or oppose
                  any such plan or any action thereunder or any contract, lease,
                  mortgage, purchase, sale or other action by any person;

         (7)      To deposit any property held by it with any protective,
                  reorganization or similar committee, to delegate discretionary
                  power thereto, and to pay part of the expenses and
                  compensation thereof any assessments levied with respect to
                  any such property to be deposited;

         (8)      To extend the time of payment of any obligation held by it;

         (9)      To hold uninvested any moneys received by it, without
                  liability for interest thereon, but only in anticipation of
                  payments due for investments, reinvestments, expenses or
                  disbursements;

         (10)     To exercise all voting or other rights with respect to any
                  property held by it and to grant proxies, discretionary or
                  otherwise;

         (11)     For the purposes of the Trust, to borrow money from others, to
                  issue its promissory note or notes therefor, and to secure the
                  repayment thereof by pledging any property held by it;

         (12)     Upon prior notice, to employ suitable contractors and counsel,
                  who may be counsel to the Company or to the Trustee, and to
                  pay their reasonable expenses and compensation from the Fund
                  to the extent not paid by the Company;

                                       -7-

<PAGE>

       (13)    To register investments in its own name or in the name of a
               nominee; to hold any investment in bearer form; and to combine
               certificates representing securities with certificates of the
               same issue held by it in other fiduciary capacities or to deposit
               or to arrange for the deposit of such securities with any
               depository, even though, when so deposited, such securities may
               be held in the name of the nominee of such depository with other
               securities deposited therewith by other persons, or to deposit or
               to arrange for the deposit of any securities issued or guaranteed
               by the United States government, or any agency or instrumentality
               thereof, including securities evidenced by book entries rather
               than by certificates, with the United States Department of the
               Treasury or a Federal Reserve Bank, even though, when so
               deposited, such securities may not be held separate from
               securities deposited therein by other persons; provided, however,
               that no securities held in the Fund shall be deposited with the
               United States Department of the Treasury or a Federal Reserve
               Bank or other depository in the same account as any individual
               property of the Trustee, and provided, further, that the books
               and records of the Trustee shall at all times show that all such
               securities are part of the Trust Fund;

       (14)    To settle, compromise or submit to arbitration any claims, debts
               or damages due or owing to or from the Trust, respectively, to
               commence or defend suits or legal proceedings to protect any
               interest of the Trust, and to represent the Trust in all suits or
               legal proceedings in any court or before any other body or
               tribunal; provided, however, that the Trustee shall not be
               required to take any such action unless it shall have been
               indemnified by the Company to its reasonable satisfaction against
               liability or expenses it might incur therefrom;

       (15)    To hold and retain policies of life insurance, annuity contracts,
               and other property of any kind which policies are contributed to
               the Trust by the Company or any subsidiary of the Company or are
               purchased by the Trustee;

       (16)    To hold any other class of assets which may be contributed by the
               Company and that is deemed reasonable by the Trustee, unless
               expressly prohibited herein:

       (17)    To loan any securities at any time held by it to brokers or
               dealers upon such security as may be deemed advisable, and during
               the terms of any such loan to permit the loaned securities to be
               transferred into the name of and voted by the borrower or others;
               and

       (18)    Generally, to do all acts, whether or not expressly authorized,
               that the Trustee may deem necessary or desirable for the
               protection of the Fund.

(c)   Prior to a Change in Control, the Company shall have the right, subject to
      this Section to direct the Trustee with respect to investments.

       (1)     The Company may at any time direct the Trustee to segregate all
               or a portion of the Fund in a separate investment account or
               accounts and may appoint one or more investment managers
               including itself and to direct the investment and

                                       -8-

<PAGE>

               reinvestment of each such investment account or accounts. In such
               event, the Company shall notify the Trustee of the appointment of
               each such investment manager.

       (2)     Thereafter (until a Change in Control), the Trustee shall make
               every sale or investment with respect to such investment account
               as directed in writing by the investment manager(s). It shall be
               the duty of the Trustee to act strictly in accordance with each
               direction. The Trustee shall be under no duty to question any
               such direction of the investment manager, to review any
               securities or other property held in such investment account or
               accounts acquired by it pursuant to such directions or to make
               any recommendations to the investment manager(s) with respect to
               such securities or other property.

       (3)     Notwithstanding the foregoing, the Trustee, without obtaining
               prior approval or direction from an investment manager, shall
               invest cash balances held by it from time to time in short term
               cash equivalents including, but not limited to, through the
               medium of any short term common, collective or commingled trust
               fund established and maintained by the Trustee subject to the
               instrument establishing such trust fund, U.S. Treasury Bills,
               commercial paper (including such forms of commercial paper as may
               be available through the Trustee's Trust Department),
               certificates of deposit (including certificates issued by the
               Trustee in its separate corporate capacity), and similar type
               securities, with a maturity not to exceed one year; and,
               furthermore, sell such short term investments as may be necessary
               to carry out the instructions of an investment manager regarding
               more permanent type investment and directed distributions.

       (4)     The Trustee shall neither be liable nor responsible for any loss
               resulting to the Fund by reason of any sale or purchase of an
               investment directed by an investment manager nor by reason of the
               failure to take any action with respect to any investment which
               was acquired pursuant to any such direction in the absence of
               further directions of such investment manager.

       (5)     Notwithstanding anything in this Agreement to the contrary, the
               Trustee shall be indemnified and saved harmless by the Company
               from and against any and all personal liability to which the
               Trustee may be subjected by carrying out any directions of an
               investment manager or the Company issued pursuant hereto or for
               failure to act in the absence of directions of the investment
               manager or the Company including all expenses reasonably incurred
               in its defense in the event the Company fails to provide such
               defense; provided, however, the Trustee shall not be so
               indemnified if it participates knowingly in, or knowingly
               undertakes to conceal, an act or omission of an investment
               manager or the Company, having actual knowledge that such act or
               omission is a breach of a fiduciary duty; provided further,
               however, that the Trustee shall not be deemed to have knowingly
               participated in or knowingly undertaken to conceal an act or
               omission of an investment manager or the Company with knowledge
               that such act or omission was a breach of fiduciary duty by
               merely complying with directions of

                                       -9-

<PAGE>

            an investment manager or the Company or for failure to act in the
            absence of directions of an investment manager or the Company. The
            Trustee may rely upon any order, certificate, notice, direction or
            other documentary confirmation purporting to have been issued by the
            investment manager or the Company which the Trustee reasonably
            believes to be genuine and to have been issued by the investment
            manager or the Company. The Trustee shall not be charged with
            knowledge of the termination of the appointment of any investment
            manager until it receives written notice thereof from the Company.

       (6)  The Company may direct the Trustee as to how to vote any Company
            stock held by the Trust.

(d)    Following a Change in Control, the Trustee shall have the sole and
       absolute discretion in the management of the Trust assets and shall have
       all the powers set forth under Section 6(b). In investing the Trust
       assets, the Trustee shall consider.

       (1)  the needs of the Arrangement;

       (2)  the need for matching of Trust assets with the liabilities of the
            Arrangement; and

       (3)  the duty of the Trustee to act solely in the best interest of the
            Participants and their Beneficiaries.

(e)    The Trustee shall have the right, in its sole discretion, to delegate
       its investment responsibility to an investment manager who may be an
       affiliate to the Trustee. In the event the Trustee shall exercise this
       right, the Trustee shall remain, at all times responsible for the acts of
       an investment manager. The Trustee shall have the right to purchase an
       insurance policy or an annuity to fund the benefits of the Arrangement.

(f)    The Company shall have the right at any time, and from time to time
       in its sole discretion, to substitute assets of equal fair market value
       for any asset held by the Trust. This right is exercisable by the Company
       in a nonfiduciary capacity without the approval or consent of any person
       in a fiduciary capacity; provided, however, that, following a Change in
       Control, no such substitution shall be permitted unless the Trustee
       determines that the fair market values of the substituted assets are
       equal.

(g)    Prior to a Change in Control, the Company shall have the right to
       contribute to the Trust common stock of the Company ("Company Stock"). To
       the extent that Company Stock is contributed to the Trust, it shall be
       held by the Trustee pursuant to this Section 6(g).

(h)    Execution of Purchases and Sales.

       (1)  Transactions. Purchases and sales of Company Stock shall be made on
       the date on which the Trustee receives from the Company in good order all
       information and documentation necessary to accurately effect such
       purchases and sales (or, in the case of purchases, the subsequent date on
       which the Trustee has received a wire transfer of the

                                      -10-

<PAGE>

     funds necessary to make such purchases). Purchases and sales of Company
     Stock for the Stock Fund shall be made on the open market as necessary
     unless the following applies:

         (i)    The Trustee is unable to determine the number of shares required
                to be purchased or sold on such day; or

         (ii)   If the Trustee is unable to purchase or sell the total number of
                shares required to be purchased or sold on such day as a result
                of market conditions; or

         (iii)  If the Trustee is prohibited by the Securities and Exchange
                Commission, the New York Stock Exchange, or any other regulatory
                body form purchasing or selling any or all of the shares
                required to be purchased or sold on such days.

         In the event of the occurrence of the circumstances described in (i),
         (ii) or (iii) above, the Trustee shall purchase or sell such shares as
         soon as possible thereafter and shall determine the price of such
         purchases or sales to be the average purchase or sales price of all
         such shares purchased or sold, respectively. The Trustee may follow
         written directions from the Company to deviate from the above purchase
         and sale procedures.

     (1) Use of an Affiliated Broker. The Company hereby directs the Trustee to
         use Wachovia Securities, Inc. (WSI) to provide brokerage services in
         connection with any purchase or sale of Company Stock subject to the
         requirement that the Trustee take all reasonable steps to assure that
         the Trust receives best execution on any transaction. The rovision of
         brokerage services shall be subject to the following:

         (i)    To the extent such services are utilized, as consideration for
                such brokerage services, the Company agrees that WSI shall be
                entitled to remuneration under the authorization provision in
                accordance with its normal fee schedule.

         (ii)   Any successor organization of WSI, through reorganization,
                consolidation, merger or similar transactions, shall, upon
                consummation of such transaction, become the successor broker in
                accordance with the terms of this authorization provision.

         (iii)  The Trustee and WSI shall continue to rely on this authorization
                provision until notified to the contrary. The Company reserves
                the right to terminate this authorization upon sixty (60) days
                written notice to WSI (or its successor) and the Trustee.

     (2) Securities Law Reports. The Company shall be responsible for filing all
         reports required under Federal or state securities laws with respect to
         the

                                      -11-

<PAGE>

          Trust's ownership of Company Stock, including, without limitation, any
          reports required under section 13 or 16 of the Securities Exchange Act
          of 1934, and shall immediately notify the Trustee in writing of any
          requirement to stop purchases or sales of Company Stock pending the
          filing of any report. The Company shall be responsible for the
          registration of any Plan interests required under Federal or state
          securities laws. The Trustee shall provide to the Company such
          information on the Trust's ownership of Company Stock as the Company
          may reasonably request in order to comply with Federal or state
          securities laws.

Section 7.    Insurance Contracts
              -------------------

(a)  To the extent that the Trustee is directed by the Company prior to a Change
     in Control to invest part or all of the Trust Fund in insurance contracts,
     the type and amount thereof shall be specified by the Company. The Trustee
     shall be under no duty to make inquiry as to the propriety of the type or
     amount so specified.

(b)  Each insurance contract issued shall provide that the Trustee shall be the
     owner thereof with the power to exercise all rights, privileges, options
     and elections granted by or permitted under such contract or under the
     rules of the insurer. The exercise by the Trustee of any incidents of
     ownership under any contract shall, prior to a Change in Control, be
     subject to the direction of the Company. After a Change in Control, the
     Trustee shall have all such rights.

(c)  The Trustee shall have no power to name a beneficiary of the policy other
     than the Trust, to assign the policy (as distinct from conversion of the
     policy to a different form) other than to a successor Trustee, or to loan
     to any person the proceeds of any borrowing against an insurance policy
     held in the Trust Fund.

(d)  No insurer shall be deemed to be a party to the Trust and an insurer's
     obligations shall be measured and determined solely by the terms of
     contracts and other agreements executed by the insurer.

Section 8.    Disposition of Income
              ---------------------

(a)  Prior to a Change in Control, all income received by the Trust, net of
     expenses and taxes, may be returned to the Company or accumulated and
     reinvested within the Trust at the direction of the Company.

(b)  Following a Change in Control, all income received by the Trust, net of
     expenses and taxes payable by the Trust, shall be accumulated and
     reinvested within the Trust.

Section 9.    Accounting by The Trustee
              -------------------------

The Trustee shall keep accurate and detailed records of all investments,
receipts, disbursements, and all other transactions required to be made,
including such specific records as shall be agreed upon in

                                      -12-

<PAGE>

writing between the Company and the Trustee. Within thirty (30) days following
the close of each calendar year and within thirty (30) days after the removal or
resignation of the Trustee, the Trustee shall deliver to the Company a written
account of its administration of the Trust during such year or during the period
from the close of the last preceding year to the date of such removal or
resignation setting forth all investments, receipts, disbursements and other
transactions effected by it, including a description of all securities and
investments purchased and sold with the cost or net proceeds of such purchases
or sales (accrued interest paid or receivable being shown separately), and
showing all cash, securities and other property held in the Trust at the end of
such year or as of the date of such removal or resignation, as the case may be.
The Company may approve such account by an instrument in writing delivered to
the Trustee. In the absence of the Company's filing with the Trustee objections
to any such account within one hundred eighty (180) days after its receipt, the
Company shall be deemed to have so approved such account. In such case, or upon
the written approval by the Company of any such account, the Trustee shall, to
the extent permitted by law, be discharged from all liability to the Company for
its acts or failures to act described by such account. The foregoing, however,
shall not preclude the Trustee from having its accounting settled by a court of
competent jurisdiction. The Trustee shall be entitled to hold and to commingle
the assets of the Trust in one Fund for investment purposes but at the direction
of the Company prior to a Change in Control, the Trustee shall create one or
more sub-accounts.

Section 10.    Responsibility of The Trustee
               -----------------------------

(a)  The Trustee shall act with the care, skill, prudence and diligence under
     the circumstances then prevailing that a prudent person acting in like
     capacity and familiar with such matters would use in the conduct of an
     enterprise of a like character and with like aims, provided, however, that
     the Trustee shall incur no liability to any person for any action taken
     pursuant to a direction, request or approval given by the Company which is
     contemplated by, and in conformity with, the terms of the Arrangement or
     this Trust and is given in writing by the Company. In the event of a
     dispute between the Company and a party, the Trustee may apply to a court
     of competent jurisdiction to resolve the dispute, subject, however to
     Section 2(d) hereof.

(b)  The Company hereby indemnifies the Trustee against losses, liabilities,
     claims, costs and expenses in connection with the administration of the
     Trust, unless resulting from the negligence or misconduct of Trustee. To
     the extent the Company fails to make any payment on account of an indemnity
     provided in this paragraph 10(b), in a reasonably timely manner, the
     Trustee may obtain payment from the Trust. If the Trustee undertakes or
     defends any litigation arising in connection with this Trust or to protect
     a Participant's or Beneficiary's rights under the Arrangement, the Company
     agrees to indemnify the Trustee against the Trustee's costs, reasonable
     expenses and liabilities (including, without limitation, attorneys' fees
     and expenses) relating thereto and to be primarily liable for such
     payments. If the Company does not pay such costs, expenses and liabilities
     in a reasonably timely manner, the Trustee may obtain payment from the
     Trust. The Trustee hereby indemnifies the Company against losses,
     liabilities, claims, costs and expenses in connection with the
     administration of the Trust which occur as a result of the Trustee's
     negligence or breach of this Trust.

                                      -13-

<PAGE>

(c)  Prior to a Change in Control, the Trustee may consult with legal counsel
     (who may also be counsel for the Company generally) with respect to any of
     its duties or obligations hereunder. Following a Change in Control the
     Trustee shall, upon notice to the Company, select independent legal counsel
     and may consult with counsel or other persons with respect to its duties
     and with respect to the rights of Participants or their Beneficiaries under
     the Arrangement.

(d)  The Trustee may, upon notice to the Company, hire agents, accountants,
     actuaries, investment advisors, financial consultants or other
     professionals to assist it in performing any of its duties or obligations
     hereunder and may rely on any determinations made by such agents and
     information provided to it by the Company.

(e)  The Trustee shall have, without exclusion, all powers conferred on the
     Trustee by applicable law, unless expressly provided otherwise herein.

(f)  Notwithstanding any powers granted to the Trustee pursuant to this Trust
     Agreement or to applicable law, the Trustee shall not have any power that
     could give this Trust the objective of carrying on a business and dividing
     the gains therefrom, within the meaning of section 301.7701-2 of the
     Procedure and Administrative Regulations promulgated pursuant to the
     Internal Revenue Code.

Section 11.   Compensation and Expenses of The Trustee
              ----------------------------------------

The Trustee's compensation shall be as agreed in writing from time to time by
the Company and the Trustee. A copy of the current fee schedule is listed in
Attachment A. The Company shall pay all administrative expenses and the
Trustee's fees and shall promptly reimburse the Trustee for any fees and
expenses of its agents. If not so paid, the fees and expenses shall be paid from
the Trust.

Section 12.   Resignation and Removal of The Trustee
              --------------------------------------

(a)  Prior to a Change in Control, the Trustee may resign at any time by written
     notice to the Company, which shall be effective thirty (30) days after
     receipt of such notice unless the Company and the Trustee agree otherwise.
     Following a Change in Control, the Trustee may resign only after the
     appointment of a successor Trustee.

(b)  The Trustee may be removed by the Company on thirty (30) days notice or
     upon shorter notice accepted by the Trustee prior to a Change in Control.
     Subsequent to a Change in Control, the Trustee may only be removed after
     the Company's appointment of an independent third party national banking
     association or other entity having the authority to exercise trust powers
     with a market capitalization exceeding $5,000,000,000 to replace the
     Trustee and the agreement by the successor Trustee to a trust agreement
     containing the provisions of Sections 2(c) and 14(a) hereof.

                                      -14-

<PAGE>

(c)  If the Trustee resigns within two years after a Change in Control, as
     defined herein, the Company, or if the Company fails to act within a
     reasonable period of time following such resignation, the Trustee shall
     apply to a court of competent jurisdiction for the appointment of a
     successor Trustee which satisfies the requirements of Section 13 or for
     instructions.

(d)  Upon resignation or removal of the Trustee and appointment of a successor
     Trustee, all assets shall subsequently be transferred to the successor
     Trustee. The transfer shall be completed within ninety (90) days after
     receipt of notice of resignation, removal or transfer, unless the Company
     extends the time limit.

(e)  If the Trustee resigns or is removed, a successor shall be appointed by the
     Company, in accordance with Section 13 hereof, by the effective date of
     resignation or removal under paragraph(s) (a) or (b) of this Section. If no
     such appointment has been made, the Trustee may apply to a court of
     competent jurisdiction for appointment of a successor or for instructions.
     All expenses of the Trustee in connection with the proceeding shall be
     allowed as administrative expenses of the Trust.

Section 13.   Appointment of Successor
              ------------------------

(a)  If the Trustee resigns or is removed in accordance with Section 12 hereof,
     the Company may appoint, subject to Section 12, any independent third party
     national banking association or other entity having the authority to
     exercise trust powers with a market capitalization exceeding $5,000,000,000
     to replace the Trustee upon resignation or removal. The successor Trustee
     shall have all of the rights and powers of the former Trustee, including
     ownership rights in the Trust. The former Trustee shall execute any
     instrument necessary or reasonably requested by the Company or the
     successor Trustee to evidence the transfer.

(b)  The successor Trustee need not examine the records and acts of any prior
     Trustee and may retain or dispose of existing Trust assets, subject to
     Section 8 and 9 hereof. The successor Trustee shall not be responsible for
     and the Company shall indemnify and defend the successor Trustee from any
     claim or liability resulting from any action or inaction of any prior
     Trustee or from any other past event, or any condition existing at the time
     it becomes successor Trustee.

Section 14.   Amendment or Termination
              ------------------------

(a)  This Trust Agreement may be amended by a written instrument executed by the
     Trustee and the Company. Notwithstanding the foregoing, no such amendment
     shall conflict with the terms of the Arrangement or shall make the Trust
     revocable after it has become irrevocable in accordance with Section 1
     hereof. Additionally, no amendment may be made which would change Section
     2(c) hereof.

(b)  Following a Change in Control, the Trust shall not terminate until the date
     on which Participants and their Beneficiaries have received all of the
     benefits due to them under the terms and conditions of the Arrangement.

                                      -15-

<PAGE>

(c)  Upon written approval of all Participants or Beneficiaries entitled to
     payment of benefits pursuant to the terms of the Arrangement, the Company
     may terminate this Trust prior to the time that all benefit payments under
     the Arrangement have been made. All assets in the Trust at termination
     shall be returned to the Company.

Section 15.   Definitions
              -----------

For purposes of this Trust, the following terms shall be defined as set forth
below:

(a)  Potential Change in Control shall mean the Company entering into any
     agreement or making any announcement either of which, if consummated would
     result in a Change in Control.

(b)  Change in Control the happening of any of the following events:

     (a)  An acquisition by any Person of beneficial ownership (within the
          meaning of Rule 13d-3 promulgated under the Exchange Act) of twenty
          percent (20%) or more of either (i) the then outstanding shares of
          common stock of the Company (the "Outstanding Company Common Stock")
          or (ii) the combined voting power of the then outstanding voting
          securities of the Company entitled to vote generally in the election
          of directors (the "Outstanding Company Voting Securities"); excluding,
          however, the following: (A) any acquisition directly from the Company,
          other than an acquisition by virtue of the exercise of a conversion
          privilege unless the security being so converted was itself acquired
          directly from the Company, (B) any acquisition by the Company, (C) any
          acquisition by any employee benefit plan (or related trust) sponsored
          or maintained by the Company or any entity controlled by the Company,
          or (D) any acquisition pursuant to a transaction which complies with
          Subsections (i), (ii) and (iii) of Subsection (C) of this Section
          15(b);

     (b)  A change in the composition of the Board such that the individuals
          who, as of the Effective Date, constitute the Board (such Board will
          be hereinafter referred to as the "Incumbent Board") cease for any
          reason to constitute at least a majority of the Board; provided,
          however, for purposes of this Section 15(b), that any individual who
          becomes a member of the Board subsequent to the Effective Date, whose
          election, or nomination for election by the Company's stockholders,
          was approved by a vote of at least a majority of those individuals who
          are members of the Board and who were also members of the Incumbent
          Board (or deemed to be such pursuant to this proviso) will be
          considered as though such individual were a member of the Incumbent
          Board; but, provided further, that any such individual whose initial
          assumption of office occurs as a result of either an actual or
          threatened election contest (as such terms are used in Rule 14a-11 of
          Regulation 14A promulgated under the Exchange Act) or other actual or
          threatened solicitation of proxies or consents by or on behalf of a
          Person other than the Board will not be so considered as a member of
          the Incumbent Board;

                                      -16-

<PAGE>

     (c)  Consummation of a reorganization, merger or consolidation, sale or
          other disposition of all or substantially all of the assets of the
          Company, or acquisition by the Company of the assets or stock of
          another entity ("Corporate Transaction"); excluding, however, such a
          Corporate Transaction pursuant to which (i) all or substantially all
          of the individuals and entities who are the beneficial owners,
          respectively, of the Outstanding Company Common Stock and Outstanding
          Company Voting Securities immediately prior to such Corporate
          Transaction will beneficially own, directly or indirectly, more than
          sixty percent (60%) of, respectively, the outstanding shares of common
          stock, and the combined voting power of the then outstanding voting
          securities entitled to vote generally in the election of directors, as
          the case may be, of the corporation resulting from such Corporate
          Transaction (including, without limitation, a corporation which as a
          result of such transaction owns the Company or all or substantially
          all of the Company's assets either directly or through one or more
          subsidiaries) in substantially the same proportions as their
          ownership, immediately prior to such Corporate Transaction, of the
          Outstanding Company Common Stock and Outstanding Company Voting
          Securities, as the case may be, (ii) no Person (other than the
          Company, any employee benefit plan (or related trust) of the Company
          or such corporation resulting from such Corporate Transaction) will
          beneficially own, directly or indirectly, twenty percent (20%) or more
          of, respectively, the outstanding shares of common stock of the
          corporation resulting from such Corporate Transaction or the combined
          voting power of the outstanding voting securities of such corporation
          entitled to vote generally in the election of directors except to the
          extent that such ownership existed prior to the Corporate Transaction,
          and (iii) individuals who were members of the Incumbent Board will
          constitute at least a majority of the members of the board of
          directors of the corporation resulting from such Corporate
          Transaction; or

     (d)  The approval by the stockholders of the Company of a complete
          liquidation or dissolution of the Company.

The General Counsel, the Chief Executive Officer or the Chief Financial Officer
of the Company shall have the specific authority to determine whether a
Potential Change in Control or Change in Control has transpired under the
guidance of this Section 15(b) and shall be required to give the Trustee notice
of a Change in Control or a Potential Change in Control. The Trustee shall be
entitled to rely upon such notice, but if the Trustee receives notice of a
Change in Control from another source, the Trustee shall make its own
independent determination.

(c)  "Company" shall mean the FMC Corporation unless otherwise specified by this
     Trust.

(d)  Required Funding Amount shall mean an amount equal to:

     (1)  the present value of all benefits using assumptions identical to those
          used for the most recent evaluation for FAS 87 purposes of the
          Company's 10K for the Arrangement; and

     (2)  anticipated trustee, administrative and advisory fees in connection
          with the maintenance of the Trust or the Arrangement until the
          Company's obligations under the Arrangement

                                      -17-

<PAGE>

          have been fully met, and any taxes expected to be due over the
          remaining duration of the Trust.

(d)  "Subsidiary" shall mean a subsidiary or an affiliate of the Company.

Section 16.   Miscellaneous
              -------------

(a)  Any provision of this Trust Agreement prohibited by law shall be
     ineffective to the extent of any such prohibition, without invalidating the
     remaining provisions hereof.

(b)  The Company hereby represents and warrants that all of the Arrangement have
     been established, maintained and administered in accordance with all
     applicable laws, including without limitation, ERISA. The Company hereby
     indemnifies and agrees to hold the Trustee harmless from all liabilities,
     including attorney's fees, relating to or arising out of the establishment,
     maintenance and administration by the Company of the Arrangement. To the
     extent the Company does not pay any of such liabilities in a reasonably
     timely manner, the Trustee may obtain payment from the Trust.

(c)  Benefits payable to Participants and their Beneficiaries under this Trust
     Agreement may not be anticipated, assigned (either at law or in equity),
     alienated, pledged, encumbered or subjected to attachment, garnishment,
     levy, execution or other legal or equitable process.

(d)  This Trust Agreement shall be governed by and construed in accordance with
     the laws of North Carolina.

                                      -18-

<PAGE>

IN WITNESS WHEREOF, this Trust has been executed on behalf of the parties hereto
on the day and year first above written.

<TABLE>
<CAPTION>
FMC CORPORATION                                      WACHOVIA BANK, N.A. as TRUSTEE
<S>                                                  <C>
By:  /s/ William H. Schumann III                     By:  /s/ Joe O. Lorg
     ---------------------------                          --------------------------------------

Its: Senior V.P. and Chief Financial Officer         Its: Senior Vice President/ Group Executive
     ---------------------------------------              --------------------------------------

ATTEST:                                              ATTEST:

By:  /s/ Michael W. Murray                           By:  /s/ John N. Smith, III
     --------------------------------                     --------------------------------------

Its: Vice President - Human Resources                Its: Assistant Secretary
     --------------------------------                     --------------------------------------
</TABLE>

                                      -19-

<PAGE>

                                  Attachment A

SCHEDULE OF FEES--FMC Corporation Salaried Employees'
                  Equivalent Retirement Plan

WACHOVIA EXECUTIVE SERVICES -
EXECUTIVE COMPENSATION AND OTHER
NON-QUALIFIED TRUST SERVICES
--------------------------------------------------------------------------------

                         Non-qualified Trust Services include rabbi, secular and
                         other non-qualified trusts providing benefits in
                         addition to those from qualified plans. Plans
                         specifically providing for change of control benefits
                         are also covered by this Schedule of Fees. Charges are
                         quoted on an annual basis and are payable quarterly.

STANDARD SERVICES
--------------------------------------------------------------------------------

I.  DOCUMENT REVIEW      A Document Review and Implementation Fee will be
    AND                  charged to all new accounts. This fee will be quoted by
    IMPLEMENTATION       account, based on the use of Wachovia's proprietary
                         documents, consulting and legal time required, as well
                         as administrative requirements to establish the
                         account.

II. CUSTODIAL AND        Ad Valorem Charges - An ad valorem fee is assessed for
    FIDUCIARY CHARGES    all basic services related to custody of funds and is
                         based on the total liability of all covered plans or
                         Arrangement. This fee covers up to 5 (five) funds. The
                         following is the schedule of charges:

                                             MARKET VALUE       RATE PER $1,000
                                             ------------       ---------------
                               First         $    500,000               $5.00
                               Next             1,500,000                2.60
                               Next             8,000,000                1.40
                               Next            40,000,000                 .50
                               Next            50,000,000                 .40
                               Over           100,000,000             Negotiated

                         A minimum ad valorem charge of $20,000 shall be
                         applied. Fees covered by Section III-IV and VII of this
                         schedule will be in addition to the minimum ad valorem
                         charge.

    Insurance, Letter    In applying the ad valorem schedule, the cash surrender
    of Credit and other  value of insurance, letters of credit, unfunded
    Non-                 liabilities and other non-cash funding will normally be
                         discounted 75% prior to change of control. Following a
                         change of

                                      -20-

<PAGE>

     Cash Funding              control, this discount will no longer be used in
                               computing ongoing fees, and Wachovia will
                               normally manage assets not invested in insurance
                               products.

     Employer Securities       In applying the ad valorem schedule, employer
                               securities will normally be discounted 50% prior
                               to change of control. Following change of
                               control, this discount will no longer be used in
                               computing ongoing fees.

     Research                  Requests for research will be performed at a cost
                               of $100 per hour.

     Additional Funds          $500.00

     Insurance Policy Storage  5.00 per policy

III.  INVESTMENT               For individually managed portfolios, a separate
      MANAGEMENT               schedule will apply. Proprietary mutual funds
                               will be charged in accordance with the applicable
                               prospectus. Any money market fund must be a
      Wachovia Asset           Wachovia Fund.
      Management

                               Cash Benefit Payments

IV.   BENEFIT                  Periodic:             By check $2.50 plus postage
      PAYMENTS AND                                   By ACH  $1.00 plus postage
      WIRES
                               Non-Periodic:         $25.00 plus postage

                               In-Kind Distributions $50.00

                               Payment Set-up    $100.00

      Stop Payments            $20.00 initialization

      Wires                    $20.00 each

V.    TAX REPORTING

      State Tax Withholding    An annual charge of $75 per account will apply
                               for each state where withholdings are requested
                               or required.

       Preparation and Filing
       of Form 1041            For each 1041 required to be prepared and filed,
                               a fee of $150 will be charged.

                                      -21-

<PAGE>

VI.  CHANGE OF CONTROL FEE       A one-time, $25,000 minimum fee plus expenses
                                 will be charged for each change of control in
                                 addition to fees for ongoing services.

VII. OTHER SERVICES              Financial planning services for individuals and
                                 group educational or communications materials
                                 are available. Fees will be negotiated prior to
                                 commencement.

                                 Billable time plus out-of-pocket expenses will
                                 be charged for consulting services or other
                                 services not covered by this schedule.

                                 Meetings requiring the attendance of one of
                                 Wachovia Executive Services' Consultants are
                                 subject to a per diem fee of $1,000 per day,
                                 per consultant, plus travel expenses.

                                 Participant recordkeeping and performance
                                 measurement services shall be charged in
                                 accordance with separate schedules.

                                 For on-line and PC downloading support,
                                 appropriate additional charges will be made.

                                 The physical storage of insurance policies is
                                 not included in the above charges.

                                 For account terminations less than two years
                                 from inception, a minimum, prorated ad valorem
                                 fee for the initial two year period plus
                                 expenses will be charged.

                                 Additional reasonable fees will be charged for
                                 services not covered by this schedule.

                                      -22-<PAGE>

                                                                    Exhibit 10.7

                                 FMC Corporation
                    Non-Qualified Savings and Investment Plan
                    -----------------------------------------

          (As Amended and Restated Effective as of September 28, 2001)

<PAGE>

                                Table of Contents
                                -----------------

<TABLE>
<CAPTION>
                                                                                                Page No.
                                                                                                -------
<S>                                                                                             <C>
Article I
Introduction....................................................................................   1
------------
      Section  1.1.  Name; Purpose..............................................................   1
      Section  1.2.  Administration of the Plan.................................................   1

Article II
Definitions.....................................................................................   2
-----------
      Section  2.1.  Account....................................................................   2
      Section  2.2.  Account Balance............................................................   2
      Section  2.3.  Accounting Date............................................................   2
      Section  2.4.  Adopting Affiliate.........................................................   2
      Section  2.5.  Affiliated Group...........................................................   2
      Section  2.6.  Board......................................................................   2
      Section  2.7.  Code.......................................................................   2
      Section  2.8.  Committee..................................................................   2
      Section  2.9.  Company....................................................................   2
      Section  2.10. Company Stock..............................................................   2
      Section  2.11. Compensation...............................................................   2
      Section  2.12. Deferral Contributions.....................................................   2
      Section  2.13. Deferral Contributions Account.............................................   3
      Section  2.14. Distribution Date..........................................................   3
      Section  2.15. Effective Date.............................................................   3
      Section  2.16. Employer...................................................................   3
      Section  2.17. ERISA......................................................................   3
      Section  2.18. Excess Compensation........................................................   3
      Section  2.19. Full Deferral Contributions................................................   3
      Section  2.20. Matching Contributions.....................................................   3
      Section  2.21. Matching Contributions Account.............................................   3
      Section  2.22. Mirror Deferral Contributions..............................................   3
      Section  2.23. Participant ...............................................................   3
      Section  2.24. Permitted Investment.......................................................   3
      Section  2.25. Plan.......................................................................   3
      Section  2.26. Plan Year..................................................................   3
      Section  2.27. Savings Plan...............................................................   4
      Section  2.28. Year of Service ...........................................................   4

Article III
Plan Participation .............................................................................   4
------------------
      Section  3.1.  Eligibility................................................................   4
      Section  3.2.  Participation..............................................................   4

Article IV
Deferral Contributions..........................................................................   4
----------------------
</TABLE>

                                       -i-

<PAGE>

<TABLE>
<S>                                                                                             <C>
     Section 4.1.  Deferral Contributions.......................................................  4
     Section 4.2.  Deferral Contributions Account...............................................  5

Article V
Matching Contributions..........................................................................  5
----------------------
     Section 5.1.  Matching Contributions.......................................................  5
     Section 5.2.  Matching Contributions Account...............................................  5

Article VI
Deemed Earnings on Account Balances.............................................................  6
-----------------------------------
     Section 6.1.  Deemed Investments...........................................................  6
     Section 6.2.  Crediting of Deferrals and Contributions.....................................  7
     Section 6.3.  Statement of Accounts........................................................  7

Article VII
Establishment of Trust..........................................................................  7
----------------------
     Section 7.1.  Establishment of Trust.......................................................  7
     Section 7.2.  Status of Trust..............................................................  7

Article VIII
Distribution of Plan Benefits...................................................................  7
-----------------------------
     Section 8.1.  Vesting of  Accounts.........................................................  7
     Section 8.2.  Payment of Account Balances..................................................  8
     Section 8.3.  Distribution of Accounts of Certain Former Employees.........................  8
     Section 8.4.  Payments in the Event of Unforeseeable Emergency.............................  8
     Section 8.5.  Involuntary Distributions....................................................  9
     Section 8.6.  Forfeitures..................................................................  9
     Section 8.7.  Designation of Beneficiaries.................................................  9

Article IX
Amendment and Termination.......................................................................  10
-------------------------
     Section 9.1.  Amendment....................................................................  10
     Section 9.2.  Plan Termination.............................................................  10

Article X
General Provisions..............................................................................  10
------------------
     Section 10.1. Non-Alienation of Benefits...................................................  10
     Section 10.2. Withholding for Taxes........................................................  10
     Section 10.3. Immunity of Committee Members................................................  10
     Section 10.4. Plan Not to Affect Employment Relationship...................................  10
     Section 10.5. Action by the Employers......................................................  11
     Section 11.6. Effect on Other Employee Benefit Plans.......................................  11
     Section 10.7. Employer Liability...........................................................  11
     Section 10.8. Notices......................................................................  11
     Section 10.9. Gender and Number; Headings..................................................  11
     Section 10.10 Controlling Law..............................................................  11
</TABLE>

                                      -ii-

<PAGE>

<TABLE>
<S>                                                                                             <C>
       Section 10.11. Successors ...............................................................  11
       Section 10.12. Severability .............................................................  12
       Section 10.13. Subsequent Changes .......................................................  12
       Section 10.14. Benefits Payable to Minors, Incompetents and Others ......................  12
</TABLE>

                                     -iii-

<PAGE>

                                 FMC Corporation
                    Non-Qualified Savings and Investment Plan
                    -----------------------------------------
          (As Amended and Restated Effective as of September 28, 2001)

                                    Article I
                                  Introduction
                                  ------------

          Section 1.1. Name; Purpose. The Company established the FMC Deferred
                       -------------
Compensation Equivalent Retirement and Thrift Plan effective as of January 1,
1977. That plan was amended and restated effective as of September 1, 1997 as
the FMC Corporation Non-Qualified Retirement and Thrift Plan, and it permitted a
select group of management or highly compensated employees to make deferrals and
receive contributions and benefits that could not be made or received under the
Savings Plan and FMC Corporation Employees' Retirement Program. As of October
22, 1993, the Company adopted the Deferred Compensation Plan of FMC Corporation,
to permit a select group of management or highly compensated employees to defer
certain types of compensation not taken into account under either the
Non-Qualified Retirement and Thrift Plan or the Savings Plan. Effective as of
December 31, 1997, the Non-Qualified Retirement and Thrift Plan and the Deferred
Compensation Plan were merged. Effective as of January 1, 2000, the merged plan
was restated to reflect certain administrative practices and changes, and name
of the merged plan was changed to better reflect its purpose to mirror the
Savings Plan. Effective as of September 28, 2001, the Plan was amended as
restated as reflected in the terms of this document as may be amended from time
to time. Although a rabbi trust may be established in connection with it, this
Plan constitutes an unfunded, non-qualified arrangement providing deferred
compensation to a select group of management or highly compensated employees (as
defined for purposes of Title I of ERISA) of the Company and of certain of the
Company's affiliates.

          Section 1.2. Administration of the Plan. The Plan is administered by
                       --------------------------
the Committee. The duties and authority of the Committee include:

          (a) interpreting and applying the Plan's terms;

          (b) adopting any rules or regulations the Committee deems necessary or
     desirable to operate the Plan;

          (c) making whatever determinations are permitted or required to
     maintain or administer the Plan; and

          (d) taking any other actions that prove necessary to administer the
     Plan properly, in accordance with its terms.

Any decision of the Committee as to any matter within its authority will be
final, binding and conclusive upon the Company, any Employer and each
Participant, former Participant, designated beneficiary or other person claiming
under or through any Participant or designated beneficiary. No additional
authorization or ratification by the Board is necessary for the

                                       -1-

<PAGE>

Committee to act on any matter within its authority. An action taken by the
Committee as to a Participant will not be binding on the Committee regarding an
action to be taken as to any other Participant. A member of the Committee may be
a Participant, but he or she may not participate in any decision that directly
affects his or her rights under the Plan, or the computation of his or her Plan
benefits. Each determination required or permitted under the Plan will be made
by the Committee in its sole and absolute discretion. The Committee may delegate
some or all of its duties or responsibilities.

                                   Article II
                                   Definitions
                                   -----------

          Section 2.1.  Account means a bookkeeping Account maintained by the
                        -------
Company for a Participant, including his or her Deferral Contributions Account
and Matching Contributions Account.

          Section 2.2.  Account Balance means the value, as of a specified date,
                        ---------------
of the Participant's Account, Deferral Contributions Account or Matching
Contributions Account.

          Section 2.3.  Accounting Date means each business day of the Plan
                        ---------------
Year.

          Section 2.4.  Adopting Affiliate means an entity that, together with
                        ------------------
the Company, is considered as a single employer under Section 414(b), (c), (m)
or (o) of the Code, and has adopted the Savings Plan for its employees.

          Section 2.5.  Affiliated Group the group that consists of the Company
                        ----------------
and every other entity that, together with the Company, is considered as a
single employer under Section 414(b), (c), (m) or (o) of the Code.

          Section 2.6.  Board means the Board of Directors of the Company.
                        -----

          Section 2.7.  Code means the Internal Revenue Code of 1986, as
                        ----
amended.

          Section 2.8.  Committee means the FMC Corporation Employee Welfare
                        ---------
Benefits Plan Committee, or its delegate.

          Section 2.9.  Company means FMC Corporation.
                        -------

          Section 2.10. Company Stock means the common stock of the Company.
                        -------------

          Section 2.11. Compensation has the same meaning as under the Savings
                        ------------
Plan, except that it also includes amounts deferred under this Plan.

          Section 2.12. Deferral Contributions means the Mirror Deferral
                        ----------------------
Contributions and Full Deferral Contributions credited on behalf of a
Participant pursuant to Section 4.1.

                                       -2-

<PAGE>

          Section 2.13. Deferral Contributions Account means the Account
                        ------------------------------
maintained on behalf of a Participant to represent the amount of the Deferral
Contributions credited in his or her behalf, as adjusted to account for deemed
gains and losses, withdrawals and distributions.

          Section 2.14. Distribution Date means the date the Company distributes
                        -----------------
its interest in FMC Technologies, Inc.

          Section 2.15. Effective Date means September 28, 2001, the effective
                        --------------
date of this amended and restated Plan.

          Section 2.16  Employer means the Company and/or any Adopting
                        --------
Affiliate.

          Section 2.17. ERISA means the Employee Retirement Income Security Act
                        -----
of 1974, as amended.

          Section 2.18. Excess Compensation means an amount that would be
                        -------------------
Compensation, except that it exceeds the annual compensation limit under Section
401(a)(17), as adjusted, (for 2000, $170,000), as set forth in the Savings Plan.

          Section 2.19. Full Deferral Contributions means amounts credited to a
                        ---------------------------
Participant pursuant to subsection 4.1(b).

          Section 2.20. Matching Contributions means the contributions credited
                        ----------------------
on behalf of a Participant pursuant to Section 5.1.

          Section 2.21. Matching Contributions Account means the Account
                        ------------------------------
maintained on behalf of a Participant to represent the amount of Matching
Contributions credited in his or her behalf, as adjusted to account for deemed
gains and losses, withdrawals and distributions.

          Section 2.22. Mirror Deferral Contributions means the contributions
                        -----------------------------
credited to a Participant pursuant to subsection 4.1(a).

          Section 2.23. Participant means any eligible employee of an Employer
                        -----------
who participates in the Plan pursuant to Article III.

          Section 2.24. Permitted Investment means a notional fund or type of
                        --------------------
notional investment approved by the Committee for Plan purposes. Permitted
Investment will include Company Stock and stock of FMC Technologies, Inc.;
provided, however, that for periods beginning on or after the Distribution Date,
no contributions or transfers to the FMC Technologies, Inc. stock fund are
permitted.

          Section 2.25. Plan means this FMC Corporation Non-Qualified Savings
                        ----
and Investment Plan (As Amended and Restated Effective as of January 1, 2000).

          Section 2.26. Plan Year means the calendar year.
                        ---------

                                       -3-

<PAGE>

          Section 2.27. Savings Plan means the FMC Corporation Savings and
                        ------------
Investment Plan, as amended from time to time.

          Section 2.28. Year of Service means, as to a Participant, the
                        ---------------
Participant's number of calendar months of employment by the Affiliated Group
(including any interruption of employment of up to 12 months) divided by 12. A
partial month counts as a whole month, and any fractional year of service is
ignored. A period longer than 12 months for which a Participant does not receive
Compensation, including (without limitation) any unpaid leave of absence is not
counted in determining the Participant's Years of Service, nor does any other
interruption of employment longer than 12 months.

                                   Article III
                               Plan Participation
                               ------------------

          Section 3.1.  Eligibility. An employee of an Employer will be eligible
                        -----------
to participate in any Plan Year if he or she meets all of the following
conditions:

          (a)  the employee is part of a select group of management or highly
     compensated employees, within the meaning of Title I of ERISA;

          (b)  the employee is eligible to participate in the Savings Plan for
     the Plan Year;

          (c)  the employee is expected to receive Excess Compensation during
     the Plan Year; and

          (d)  the Committee, or its delegate, designates the employee as
     eligible to participate in the Plan.

          Section 3.2.  Participation. An employee who meets the conditions of
                        -------------
Section 3.1 becomes a Participant by executing and filing with the Committee a
deferral election form, in the manner and at the time required under Article IV.
Once an individual is a Participant, he or she will remain a Participant for so
long as he or she has an Account Balance, although a Participant may continue to
make Deferral Contributions and receive allocations under the Plan only so long
as he or she remains an eligible employee.

                                   Article IV
                             Deferral Contributions
                             ----------------------

          Section 4.1.  Deferral Contributions. Each eligible employee who has
                        ----------------------
made an election to defer a portion of his or her Compensation under the Savings
Plan for a Plan Year may elect to defer an additional amount under this Plan for
that Plan Year, as Mirror Deferral Contributions, Full Deferral Contributions,
or both.

                                       -4-

<PAGE>

          (a)   A Mirror Deferral Contribution is an amount, between 1% and 20%
     of the Participant's Compensation and Excess Compensation, that the
     Participant cannot defer under the Savings Plan because it exceeds the
     limit on deferrals under Code Section 402(g), represents a deferral of
     Excess Compensation, or represents an amount that the Participant cannot
     defer under the Savings Plan because of the limits of Code Section 415(c).

          (b)   A Full Deferral Contribution is an amount, between 1% and 80% of
     the total of the Participant's Compensation and Excess Compensation.

A Participant's Mirror Deferral Contributions and Full Deferral Contributions
for a Plan Year may not exceed the sum of his or her Compensation and Excess
Compensation. A Participant must make his or her deferral election for a Plan
Year no later than the last day of the preceding Plan Year, and may not change
his or her deferral election during the Plan Year. Notwithstanding the
foregoing, when an employee first becomes an eligible employee, he or she may
make a deferral election no later than thirty days after becoming an eligible
employee, so long as the deferral election applies to Compensation and Excess
Compensation earned during the Plan Year after the date of the deferral
election.

          4.2. Deferral Contributions Account. The Committee will establish and
               ------------------------------
maintain a Deferral Contributions Account on behalf of each Participant who
elects to make Deferral Contributions. The Deferral Contributions Account will
be a bookkeeping account maintained by the Company, and will reflect the Mirror
Deferral Contributions and Full Deferral Contributions the Participant has
elected to make to the Plan, as adjusted pursuant to Article VI to reflect
deemed gains and losses, withdrawals and distributions.

                                    Article V
                             Matching Contributions
                             ----------------------

          Section 5.1. Matching Contributions. Each Participant will be credited
                       ----------------------
with a Matching Contribution in an amount equal to the matching contributions
that would have been made with respect to his or her Mirror Deferral
Contributions, if they had been made under the Savings Plan, at such time as
described in Section 6.2.

          Section 5.2. Matching Contributions Account. The Committee will
                       ------------------------------
establish and maintain a Matching Contributions Account on behalf of each
Participant who is credited with Matching Contributions. The Matching
Contributions Account will be a bookkeeping account maintained by the Company,
and will reflect the Matching Contributions that have been credited to the
Participant, as adjusted pursuant to Article VI to reflect deemed gains and
losses, withdrawals and distributions.

                                       -5-

<PAGE>

                                   Article VI
                       Deemed Earnings on Account Balances
                       -----------------------------------

          Section 6.1. Deemed Investments.
                       ------------------

          (a) Each Participant may designate from time to time, in the manner
     prescribed by the Committee, that all or a portion of his or her Deferral
     Contributions Account be deemed to be invested in one or more Permitted
     Investments. The Committee will establish rules governing the dates as of
     which amounts will be deemed to be invested in the Permitted Investments
     chosen by the Participant, and the time and manner in which amounts will be
     deemed to be transferred from one Permitted Investment to another, pursuant
     to a Participant's election to change his or her deemed investments. The
     Committee will also establish a default Permitted Investment, in which the
     Deferral Contributions Account of a Participant who fails to make an
     investment election will be deemed to be invested. Effective September 1,
     1997, the Committee's Plan investment election rules permit a Participant
     to transfer any or all of his or her Account (including any or all of his
     or her Matching Contribution Account) out of the Company Stock Permitted
     Investment and or the FMC Technologies, Inc. Permitted Investment. From and
     after the Distribution Date, no contributions or transfers to the FMC
     Technologies, Inc. Permitted Investment are permitted.

          (b) All amounts credited to a Participant's Matching Contributions
     Account will be deemed to be invested initially in Company Stock. For
     periods beginning prior to September 1, 1997, a Participant was prohibited
     from transferring any portion of his or her Matching Contributions Account
     into a Permitted Investment other than Company Stock.

          (c) Each Account will be deemed to receive all interest, dividends,
     earnings and other property that would be received by it if it were
     actually invested in the Permitted Investment in which it is deemed to be
     invested. Similarly, each Account will be deemed to suffer all investment
     losses and other diminutions it would suffer if it were actually invested
     in the Permitted Investment in which it is deemed to be invested. Gains and
     losses will be credited to or debited from each Account at the times and in
     the manner specified by the Committee.

          (d) Elections required or permitted to be made pursuant to this
     Article VI must be made only by the Participant. Notwithstanding the
     foregoing, if a Participant dies before his or her entire Account Balance
     is distributed, or if the Committee determines that a Participant is
     legally incompetent or otherwise incapable of managing his or her own
     affairs, the Committee may itself make Plan elections on behalf of the
     Participant, or may declare that the Participant's designated beneficiary,
     legal representative or near relative will be permitted to make Plan
     elections on behalf of the Participant.

          (e) Neither the Company nor the Plan need make any Permitted
     Investment. If, from time to time, the Company actually makes an investment
     similar to a Permitted Investment, that investment will be solely for the
     Company's own account, and the

                                       -6-

<PAGE>

     Participant will have no right, title or interest in that investment. Each
     Participant has only the rights of an unsecured creditor of the Company or
     any Employer, as to any amount owing to him or her under the Plan.

          6.2. Crediting of Deferrals and Contributions. The Company will credit
               ----------------------------------------
all Deferral Contributions to a Participant's Deferral Contributions Account
within a reasonable period of time after the date they would have been paid to
the Participant if the Participant had not elected to defer them. The Company
will credit all Matching Contributions made on a Participant's behalf to the
Participant's Matching Contributions Account within a reasonable period after
the date they would have been contributed to the Savings Plan, if they could
have been permitted allocated under that Plan.

          6.3. Statement of Accounts. Within a reasonable period of time after
               ---------------------
the end of each calendar quarter, the Company will furnish each Participant with
a statement showing the value of his or her Account as of the end of that
calendar quarter.

                                   Article VII
                             Establishment of Trust
                             ----------------------

          Section 7.1. Establishment of Trust. The Company may, in its sole
                       ----------------------
discretion, establish a grantor trust in order to accumulate assets to pay Plan
obligations. The assets and income of any trust established under this Plan will
be subject to the claims of the Company's general creditors, and the Employer's
general creditors, but only to the extent they are attributable to the
contributions made on behalf of employees employed by such Employer. The
establishment or maintenance of a Plan trust will not affect the Employers'
liability to pay Plan benefits, except as and to the extent amounts from the
trust are actually used to pay a Participant's Plan benefits. If the Company
does establish a trust under the Plan, the Company will determine how much will
be contributed to the trust and when, and trust assets will be invested in
accordance with the terms of the trust.

          Section 7.2. Status of Trust. A Participant will have no direct or
                       ---------------
secured claim in any asset of the trust, or in specific assets of the Company or
of his or her Employer, and will have the status of a general unsecured creditor
of his or her Employer, for any amounts due under this Plan.

                                  Article VIII
                          Distribution of Plan Benefits
                          -----------------------------

          Section 8.1. Vesting of Accounts. Each Participant will at all times
                       -------------------
be fully vested in his or her Deferral Contributions Account. A Participant's
vested interest in his or her Matching Contributions Account is determined in
the same manner, at the same time and to the same extent as his or her vested
interest in the matching contribution account under the Savings Plan.

                                       -7-

<PAGE>

          Section 8.2. Payment of Account Balances. All payments under this Plan
                       ---------------------------
shall be made in cash. This Section 8.2 governs payment of most Account
Balances. The Account Balances of certain former employees will be paid as
described in Section 8.3.

          (a) Generally, the vested portion of a Participant's Account Balance
     will be paid to him or her (or, if the Participant has died, to his or her
     designated beneficiary) in cash, in a single lump sum, as of the last day
     of the sixth calendar month after the calendar month in which the
     Participant terminated employment with the Company and all other members of
     the Affiliated Group. The only in-service withdrawals permitted under the
     Plan are described in Section 8.4.

          (b) Notwithstanding Section 8.2(a), a Participant to whom this Section
     8.2 applies may make an irrevocable election to have the vested portion of
     his or her Account paid in any form of distribution permitted under the
     Savings Plan; provided, however, that a Participant may not elect to
     receive a distribution in Company Stock of stock of FMC Technologies, Inc.
     instead of cash. Payment under this Section 8.2(b) will begin as of the
     last day of the sixth calendar month after the calendar month in which the
     Participant terminated employment with the Company and all other members of
     the Affiliated Group or, if earlier, within 90 days after the Participant's
     death. A Participant must elect a form of payment under this Section 8.2(b)
     no later than the last day of the first calendar month following the
     calendar month in which the Participant terminated employment with the
     Company and all other members of the Affiliated Group. Notwithstanding any
     other provision of this Article VIII, the Committee may establish a minimum
     amount of any installment payment to be made under the Plan.

          Section 8.3. Distribution of Accounts of Certain Former Employees. The
                       ----------------------------------------------------
vested portions of the Accounts of certain Participants who terminated
employment with the Company and all other members of the Affiliated Group before
September 1, 1997 are payable pursuant to irrevocable elections made by such
Participants under the Plan before January 1, 1998 to have the vested portions
of their Accounts paid in distribution forms permitted under the Savings Plan,
beginning, in each case, at a later date selected by the Participant. The vested
portions of the Account of each Participant who made an irrevocable election
described in the preceding sentence will be distributed in the manner elected by
the Participant, with payments commencing at the time he or she elected or, if
earlier, within 90 days after his or her death. Notwithstanding any other
provision of this Article VIII, the Committee may establish a minimum amount of
any installment payment to be made to a Participant who made an election
described in this Section 8.3.

          Section 8.4. Payments in the Event of Unforeseeable Emergency. A
                       ------------------------------------------------
Participant may request, in the manner and within the time constraints
established by the Committee, to receive an emergency payment of some or all of
his or her vested Account Balance. The Committee will authorize an emergency
payment under this Section 8.4 only if the Participant experiences an
unforeseeable emergency. An emergency payment must be limited to the amount the
Participant reasonably needs to satisfy the unforeseeable emergency. An
unforeseeable emergency is severe financial hardship to the Participant
resulting from:

                                       -8-

<PAGE>

     (a)  a sudden and unexpected illness or accident to the Participant or to
his or her dependent (as defined in Code Section 152(a));

     (b)  the Participant's losing his or her property due to casualty; or

     (c)  other similar extraordinary and unforeseeable circumstances arising as
a result of unforeseeable events beyond the Participant's control.

Whether a Participant suffers an unforeseeable emergency depends upon the facts
of each case; in no event, however, may the Participant receive an emergency
payment if his or her hardship is or may be relieved through reimbursement or
compensation by insurance or otherwise, by liquidation of the Participant's
assets (to the extent liquidation of those assets would not itself cause severe
financial hardship) or by ceasing to make deferrals under the Plan. The need to
send a Participant's child to college or the desire to purchase a home are not
unforeseeable emergencies.

          Section 8.5. Involuntary Distributions. Notwithstanding the foregoing
                       -------------------------
provisions of this Article VIII, the Committee may on its own initiative
authorize the Company to distribute to any Participant (or, if the Participant
has died, to his or her designated beneficiary) all or any part of the
Participant's vested Account Balance. Payment under the preceding sentence is
specifically authorized if there is a change in tax law, a published ruling or a
similar announcement issued by the Internal Revenue Service, a Treasury
Regulation, a decision by a court of competent jurisdiction involving a
Participant or designated beneficiary, or a closing agreement made under Code
Section 7121 involving a Participant, that the Committee determines will cause
the Participant to have or recognize income for federal income tax purposes as
to amounts deferred under this Plan.

          Section 8.6. Forfeitures. The portion of a Participant's Matching
                       -----------
Contributions Account that is not fully vested will become a forfeiture as and
to the same extent it would have become a forfeiture under the Savings Plan, if
the contributions to which it is attributable could have been allocated under
that plan, and will be applied in the same manner as if it had become a
forfeiture under the Savings Plan.

          Section 8.7. Designation of Beneficiaries. Each Participant may name
                       ----------------------------
any person or persons to whom his or her vested Account Balance will be paid if
the Participant dies before they have been fully distributed. Each beneficiary
designation will revoke all prior beneficiary designations made by that
Participant. The Committee will designate the time and manner in which a
Participant must made a beneficiary designation, but will not require a
Participant to obtain the consent of his or her current beneficiary to the
naming a new or additional beneficiaries. A beneficiary designation will be
effective only if it meets the requirements specified by the Committee. If a
Participant fails to designate a beneficiary, or if the Participant's
beneficiary dies before the Participant does or before receiving the full amount
to which he or she is entitled, the Committee may, in its discretion, pay the
vested portion of the Participant's Account Balance (or the portion that remains
unpaid) to one or more of the Participant's relatives by blood, adoption or
marriage, in the proportions it determines, or to the

                                       -9-

<PAGE>

legal representative of the estate of the later to die of the Participant and
his or her designated beneficiary.

                                   Article IX
                            Amendment and Termination
                            -------------------------

          Amendment and Termination. The Company has the right to amend or
          -------------------------
terminate the Plan by action of the Board, or by action of an officer or Company
employee or committee authorized by the Board to amend the Plan. Any Employer
may terminate its participation in the Plan at any time by appropriate action,
in its discretion. The Plan will automatically terminate as to any Employer upon
termination of the Employer's participation in the Savings Plan. Notwithstanding
the foregoing, no Plan amendment or termination may adversely affect the right
of a Participant (or his or her designated beneficiary) to vested benefits
already accrued in the Participant's behalf under this Plan, unless the
Participant (or beneficiary) consents to the amendment.

                                    Article X
                               General Provisions
                               ------------------

          Section 10.1. Non-Alienation of Benefits. A Participant's rights to
                        --------------------------
the amounts credited to his or her Account under the Plan cannot be granted,
transferred, pledged or otherwise assigned, in whole or in part, by the
voluntary or involuntary acts of any person, or by operation of law, and will
not be liable or taken for any obligation of the Participant. Any attempted
grant, transfer, pledge or assignment of a Participant's rights to Plan benefits
will be null and void and without any legal effect.

          Section 10.2. Withholding for Taxes. Notwithstanding anything
                        ---------------------
contained in this Plan to the contrary, each Employer will withhold from any
distribution, deferral or accrual under the Plan whatever amount or amounts may
be required to comply with the tax withholding provisions of the Code or any
State income tax act for purposes of paying any income, estate, inheritance,
employment or other tax attributable to any amounts distributable or creditable
under the Plan.

          Section 10.3. Immunity of Committee Members. The members of the
                        -----------------------------
Committee may rely upon any information, report or opinion supplied to them by
any officer of an Employer or any legal counsel, independent public accountant
or actuary, and will be fully protected in relying on any such information,
report or opinion. No member of the Committee will have any liability to the
Company, any Employer or any Participant, former Participant, designated
beneficiary, person claiming under or through any Participant or designated
beneficiary, or other person interested or concerned in connection with any Plan
decision made by that member of the Committee, so long as the decision was based
on any such information, report or opinion, and the Committee member relied on
it in good faith.

          Section 10.4. Plan Not to Affect Employment Relationship. Neither the
                        ------------------------------------------
adoption of the Plan nor its operation will in any way affect the right and
power of an Employer to dismiss

                                      -10-

<PAGE>

or otherwise terminate the employment, or change the terms of employment or
amount of compensation, of any Participant at any time, for any reason or
without cause. By accepting any payment under this Plan, each Participant,
former Participant, and designated beneficiary, and each person claiming under
or through a Participant, former Participant or designated beneficiary, is
conclusively bound by any action or decision taken or made under the Plan by the
Committee, the Company or any Employer

          Section 10.5.  Action by the Employers. Any action required or
                         -----------------------
permitted to be taken under the Plan by an Employer must be taken by its Board
of Directors, by a duly authorized committee of its Board of Directors, or by a
person or persons authorized by its Board of Directors or an authorized
committee.

          Section 10.6.  Effect on Other Employee Benefit Plans. Any
                         --------------------------------------
compensation deferred or accrued under this Plan, and any amount credited to a
Participant's Account under this Plan, will not be included in the Participant's
compensation or earnings for purposes of computing benefits under any other
employee benefit plan maintained or contributed to by the Employer, except as
and to the extent required under the terms of that employee benefit plan or
applicable law.

          Section 10.7.  Employer Liability. Each Employer is liable to pay the
                         ------------------
Plan benefits earned or accrued for its eligible employees who are Participants.
With the consent of the Board (or of a duly appointed delegate of the Board),
any Employer may assume any other Employer's Plan liabilities and obligations.
To the extent that an Employer assumes another Employer's Plan liabilities or
obligations, the second Employer will be released from any continuing obligation
under the Plan. At the Company's request, a Participant or designated
beneficiary will sign any documents reasonably required by the Company to
effectuate the purposes of this Section 10.7.

          Section 10.8.  Notices. Any notice required to be given by the
                         -------
Company, any Employer or the Committee must be in writing and must be delivered
in person, by registered mail, return receipt requested, or by regular mail,
telecopy or electronic mail. Any notice given by mail will be deemed to have
been given on the date it was mailed, correctly addressed to the last known
address of the person to whom the notice is to be given.

          Section 10.9.  Gender, Number and Headings. Except where the context
                         ---------------------------
otherwise requires, in this Plan the masculine gender includes the feminine, the
feminine includes the masculine, the singular includes the plural, and the
plural includes the singular. Headings are inserted for convenience only, are
not part of the Plan, and are not to be considered in the Plan's construction.

          Section 10.10. Controlling Law. The Plan will be construed according
                         ---------------
to the internal laws of Delaware, to the extent they are not preempted by any
applicable federal law.

          Section 10.11. Successors. The Plan is binding on all persons entitled
                         ----------
to benefits under it, on their respective heirs and legal representatives, on
the Committee and its successor,

                                      -11-

<PAGE>

and on any Employer and its successor, whether by way of merger, consolidation,
purchase or otherwise.

          Section 10.12. Severability. If any provision of the Plan is held to
                         ------------
be illegal or invalid for any reason, that illegality or invalidity will not
affect the remaining provisions of the Plan, and the Plan will be enforced and
administered, from that point forward, as if the invalid provisions had never
been part of it.

          Section 10.13. Subsequent Changes. All benefits to which any
                         ------------------
Participant, designated beneficiary or other person is entitled under this Plan
will be determined according to the terms of the Plan as in effect when the
Participant ceases to be an eligible employee, and will not be affected by any
subsequent change in Plan provisions, unless the Participant again becomes an
eligible employee, or unless and to the extent the subsequent change expressly
applies to the Participant, his or her designated beneficiary or other person
claiming through or on behalf of the Participant or designated beneficiary.

          Section 10.14. Benefits Payable to Minors, Incompetents and Others. If
                         ---------------------------------------------------
any benefit is payable to a minor, an incompetent, or a person otherwise under a
legal disability, or to a person the Committee reasonably believes to be
physically or mentally incapable of handling and disposing of his or her
property, the Committee has the power to apply all or any part of the benefit
directly to the care, comfort, maintenance, support, education or use of the
person, or to pay all or any part of the benefit to the person's parent,
guardian, committee, conservator or other legal representative, to the
individual with whom the person is living, or to any other individual or entity
having the care and control of the person. The Plan, the Committee, the Company,
any Employer and their employees and agents will have fully discharged their
responsibilities to the Participant or beneficiary entitled to a payment by
making payment under this Section 10.14.

     IN WITNESS WHEREOF, the Company has caused this amended and restated Plan
to be executed in its name and behalf on this 28/th/ day of September, 2001.

                                 FMC CORPORATION

                                 By:   /s/ Michael W. Murray
                                    ----------------------------------------
                                     Member, Employee Welfare Benefits Plan
                                     Committee

                                      -12-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}]]