Document:

EX-10.1

 Exhibit 10.1 
 IMPORTANT – ACTION REQUIRED: In order for your FY16 stock awards to become effective, you must use the voting button at the top of this email, click on “I agree to the
award terms & conditions” and reply by 29 February 2016. Failure to respond by this date will result in forfeiture of your award. 
 Company Confidential Communication to: «First_name» «Last_name» 
 Please
see the attached message from Seifi. 
 You have been granted awards under the Air Products Long-Term Incentive Plan (the “Plan”).
Your FY2016 awards are valued at $             and include: 
  

	•	 	              Deferred Stock Units with a three year performance period valued at
$            , each Unit (a “Performance Share”) being equivalent in value to one share of Common Stock; and 

 

	•	 	 An award of              4-Year Restricted Shares of Company Common Stock
issued to you as of 1 December 2015 valued at $            ; and 

 Your FY2016 Awards are subject to and contingent upon your agreement to the conditions described in the attached Exhibit. Please read these conditions carefully, particularly the descriptions of
“Prohibited Activities”. This letter, together with its Exhibit, constitutes the agreement governing your FY2016 Awards (“Awards Agreement”). Your FY2016 Awards are also at all times subject to the applicable provisions of the
Long-Term Incentive Plan and to any determinations made by the Management Development and Compensation Committee of the Company’s Board of Directors (the “Committee”) or its delegate, with respect to your FY2016 Awards as contemplated
or permitted by the Plan or the Conditions. 
 Neither your FY2016 Awards, this Award Agreement or the Plan constitute a contract of employment;
nor do they guarantee your continued employment for any period required for all or any of your FY2016 Awards to vest, become exercisable, be earned or be paid out. Except as otherwise indicated all capitalized words used in this Awards Agreement
have the meanings described in the Plan. 
 WITNESSETH the due execution of this Awards Agreement at Allentown,
Pennsylvania effective as of the 1st day of December 2015
intending to be legally bound hereby. 
  

			
	AIR PRODUCTS AND CHEMICALS, INC.
		
	By:	 	
	

	Seifi Ghasemi

  
 Exhibit 

  
 1 

 EXHIBIT I 
 AIR PRODUCTS AND CHEMICALS, INC. (the “Company”) 
 LONG-TERM
INCENTIVE PLAN 
 FY2016 AWARD AGREEMENT 

 

	1.	As described in the foregoing grant letter, you are hereby granted FY2016 Awards consisting of Restricted Shares of Company Common Stock (“Restricted Shares”)
and Deferred Stock Units to be called “Performance Shares” under the Air Products and Chemicals, Inc. Long-Term Incentive Plan (the “Plan”). The Restricted Shares are described in Section 8 of the Plan. The Deferred Stock
Units are described in Section 9 of the Plan. The Management Development and Compensation Committee of the Company’s Board of Directors (the “Committee”) has approved these Awards subject to the applicable provisions of the Plan
and the terms of this Agreement, and contingent upon your acceptance of this Agreement. Except as noted herein, all capitalized terms used in this Agreement (including the Addendum) have the meaning ascribed to them in the Plan. A copy of the Plan
is available from the Corporate Secretary’s Office of the Company, 7201 Hamilton Boulevard, Allentown, PA 18195-1501. 

  

	2.	 The Restricted Shares shall be issued to you as of 1 December 2015. Upon issuance of the Restricted Shares, you will be the holder of record of
such shares and shall have all the rights of a shareholder with respect to the Restricted Shares, including the right to vote such Restricted Shares and receive all dividends or other distributions paid with respect to the Restricted Shares, subject
to the restrictions contained in Paragraph 3. In the event of any change in the outstanding shares of Common Stock of the Company or the occurrence of certain other events described

  
 2 

	 	
in Section 12 of the Plan, an equitable adjustment of the number of Restricted Shares covered by this Agreement shall be made consistent with the impact of such change or event upon the
rights of the Company’s other shareholders, and any additional Shares of Common Stock issued to you as a result of such adjustment shall be Restricted Shares subject to this Agreement, including, without limitation, the restrictions contained
in Paragraph 3. 

  

	3.	The “Restriction Period” with respect to the Restricted Shares shall be the period beginning 1 December 2015 and ending on the earliest of
1 December 2019 or your death, Disability, or Retirement on or after 1 December 2016. During the Restriction Period, neither the Restricted Shares nor any interest in the Restricted Shares may be sold, assigned, transferred, encumbered, or
otherwise disposed of by you; provided however, that such Restricted Shares may be used to pay the exercise price by attestation upon your exercise of Stock Options, with the stipulation that the Restricted Shares attested will remain subject to the
restrictions of this Paragraph 3 and the terms of this Agreement. If your employment by the Company and all its Subsidiaries is terminated for any reason prior to 1 December 2016, or for any reason other than death, Disability, or
Retirement after 1 December 2016 but prior to 1 December 2019, the Restricted Shares shall be forfeited in their entirety. At the end of the Restriction Period, all nonforfeited Restricted Shares shall become transferable and otherwise be
regular Shares. 

  
 3 

	4.	At the end of the Restriction Period, and, if earlier, upon your election to include the value of the Restricted Shares in your federal taxable income pursuant to
Internal Revenue Code Section 83(b), payment of taxes required to be withheld by the Company must be made. When taxation occurs at the end of the Restriction Period, applicable taxes will be withheld by reducing the number of the Restricted
Shares issued to you without restriction by an amount equal in market value to the taxes required to be withheld, unless you elect to satisfy such obligations by making a cash payment to the Company. In the event you make a Section 83(b)
election, applicable taxes must be paid in cash to the Company at the time the election is filed with the Internal Revenue Service. 

  

	5.	In the event your employment is terminated due to your death on or after 1 December 2016, the Restricted Shares shall be transferred free of restriction, reduced
by any applicable taxes, to your Designated Beneficiary as soon as administratively practical after your death. 

  

	6.	The Performance Shares granted to you will be earned in accordance with the Performance Share Earn Out Rules attached as the Addendum to this Agreement based on Air
Products Relative Total Shareholder Return in relation to the Peer Group over the three fiscal year performance period beginning 1 October 2015 and ending 30 September 2018 (the “Performance Period”). Subject to the forfeiture
conditions contained in Paragraph 7, each earned Performance Share will entitle you to receive, at the end of the Deferral Period (as defined below), one Share. 

  
 4 

	7.	The Deferral Period will begin on the date of this Agreement and will end on 1 December 2018. If your employment by the Company and all its affiliates is
terminated for any reason other than an Involuntary Termination prior to 1 December 2016, all your Performance Shares will be automatically forfeited in their entirety. If your employment by the Company and all its affiliates terminates on or
after 1 December 2016, but during the Deferral Period, other than due to death, Disability, Retirement or Involuntary Termination, all of your Performance Shares will be automatically forfeited. If your employment by the Company and all its
affiliates is terminated on or after 1 December 2016, but during the Deferral Period, due to death, Disability, or Retirement, you will not forfeit a pro-rata portion of your earned Performance Shares, which portion in each case shall be based
on the number of full months you worked during the Performance Period. If your employment is terminated at any time during the Deferral Period due to Involuntary Termination and you execute a general release of claims against the Company in a form
satisfactory to the Administrator (a “Release”), you will not forfeit a pro rata portion of your earned Performance Shares, which portion shall be based on the number of full months you worked during the Performance Period. If you do not
execute a Release, your Performance Shares will be forfeited in their entirety. For purposes of this Paragraph 7, an Involuntary Termination which is also a Retirement shall be treated as an Involuntary Termination. 

 

	8.	As soon as administratively practical after the end of the Deferral Period, Performance Shares earned and not forfeited shall be paid in Shares, reduced by the number
of Shares equal in market value to any taxes required to be withheld by the Company, unless you elect to make a cash payment to the Company to satisfy the withholding obligation. No cash dividends or other amounts shall be payable with respect to
the Performance Shares during the Deferral Period. At the end of the Deferral Period, for each earned and nonforfeited Performance Share, the Company will also pay to you a cash payment equal to the dividends which would have been paid on a Share
during the Deferral Period (“Dividend Equivalents”), net of taxes required to be withheld by the Company. 

  
 5 

	9.	If your employment by the Company or a Subsidiary terminates during the Deferral Period due to death, payment in respect of earned Performance Shares that are not
forfeited and of related Dividend Equivalents shall be made, as soon as practical after the Deferral Period, to your Designated Beneficiary or, if none, your legal representative, net of taxes required to be withheld by the Company.

  

	10.	In the event of any change in the outstanding Shares of Common Stock of the Company or the occurrence of certain other events as described in Section 12 of the
Plan, an equitable adjustment of the number of Performance Shares covered by this Agreement shall be made as provided in the Plan. 

  

	11.	Notwithstanding anything to the contrary above, if your employment by the Company and its affiliates is terminated and such termination constitutes a “Termination
of Employment” within the meaning of the Air Products and Chemicals, Inc. Executive Separation Program (the “Program”) and the Administrator of the Program determines you are entitled to the benefits of the Program, your outstanding
Awards under this Agreement shall be treated in accordance with the Program. 

  

	12.	(a) Notwithstanding anything to the contrary above, any Performance Shares earned or paid and any related Dividend Equivalents paid to you may be rescinded within three
years of their payment if the earning of such Performance Shares is predicated upon the achievement of financial results that are subsequently the subject of a restatement; the Committee determines in its sole discretion that you engaged in
misconduct that caused or partially caused the need for the restatement; and the Performance Shares would not have been earned or a lesser amount of Performance Shares would have been earned based upon the restated financial results. In the event of
any such rescission, you shall pay to the Company the amount of any gain realized or payment received as a result of any rescinded payment, in such manner and on such terms as may be required, and the Company shall be entitled to reduce the amount
of any amount owed to you by the Company or any Subsidiary by such gain or payment. 

  
 6 

	 	(b)	Notwithstanding any other provisions of this Agreement, in the event the Company is required to prepare an accounting restatement due to its material noncompliance with
any financial reporting requirement, the Company may recover from you any amounts or awards which it is required to recover under Section 10D of the Securities Exchange Act of 1934 or any other applicable law or securities exchange listing
standard. 

  

	13.	Notwithstanding any other provisions of this Agreement, in the event the Company determines, in its sole discretion, that you have engaged in a “Prohibited
Activity” (as defined below), at any time during your employment, or within one year after termination of your employment from the Company or any Subsidiary, the Company may forfeit, cancel, modify, rescind, suspend, withhold, or otherwise
limit or restrict any unexpired, unpaid, unexercised, or deferred Awards outstanding under this Agreement, and any exercise, payment, or delivery of an Award or Shares pursuant to such an Award may be rescinded within six months after such exercise,
payment, or delivery. In the event of any such rescission, you shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded exercise, payment, or delivery, in such manner and on such terms as may be
required by the Company, and the Company shall be entitled to reduce the amount of any amount owed to you by the Company or any Subsidiary by such gain or payment. 

 

	    	The Prohibited Activities are: 

  

	 	(a)	Your making any statement, written or verbal, in any forum or media, or taking any action in disparagement of the Company or any Subsidiary or affiliate thereof
(hereinafter, the “Company”), including but not limited to negative references to the Company or its products, services, corporate policies, current or former officers or employees, customers, suppliers, or business partners or associates;

  
 7 

	 	(b)	Your publishing any opinion, fact, or material, delivering any lecture or address, participating in any film, radio broadcast, television transmission, internet
posting, social media, and/or any other electronic media;, or communicating with any representative of the media relating to, confidential matters regarding the business or affairs of the Company; 

 

	 	(c)	Your failure to hold in confidence all Trade Secrets of the Company that came into your knowledge during your employment by the Company, or disclosing, publishing, or
making use of at any time such Trade Secrets, where the term “Trade Secret” means any technical or nontechnical data, formula, pattern, compilation, program, device, method, technique, drawing, process, financial data, financial plan,
product plan, list of actual or potential customers or suppliers, or other information similar to any of the foregoing, which (i) derives economic value, actual or potential, from not being generally known to and not being readily ascertainable
by proper means by, other persons who can derive economic value from its disclosure or use, and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy; 

 

	 	(d)	Your failure to hold in confidence all Confidential Information of the Company that came into your knowledge during your employment by the Company, or disclosing,
publishing, or making use of such Confidential Information, where the term “Confidential Information” means any data or information, other than Trade Secrets, that is valuable to the Company and not generally known to the public or to
competitors of the Company; 

  

	 	(e)	Your failure, in the event of your termination of employment for any reason, promptly to deliver to the Company all memoranda, notes, records, manuals, or other
documents, including all electronic or other copies of such materials and all documentation prepared or produced in connection therewith, containing Trade Secrets or Confidential Information regarding the Company’s business, whether made or
compiled by you or furnished to you by virtue of your employment with the Company; or your failure promptly to deliver to the Company all vehicles, computers, credit cards, telephones, handheld electronic devices, office equipment, and other
property furnished to you by virtue of your employment with the Company; 

  
 8 

	 	(f)	Your rendering of services for any organization as an employee, officer, director, consultant, advisor, agent, broker, independent contractor, principal, or partner, or
engaging directly or indirectly in any business which, in the sole judgment of the Company, is or becomes competitive with the Company during the one (1) year period following the termination of your employment; or directly or indirectly
soliciting any customer, supplier, contractor, employee, agent, or consultant of the Company with whom you had contact during the last two years of your employment with the Company or became aware of through your employment with the Company, to
cease doing business with, or to terminate their employment or business relationship with, the Company; or 

  

	 	(g)	Your violation of any written policies of the Company applicable to you, including, without limitation, the Company’s insider trading policy.

 The provisions of this Paragraph 13 are in addition to, and shall not supersede, the terms of your
Employee Patent and Confidential Information Agreement entered at the time you were employed by the Company. 
 You expressly
acknowledge and affirm that the foregoing provisions of this Paragraph 19 are material and important terms of this Agreement and that your agreement to be bound by the terms of this Paragraph 19 is a condition precedent to your FY2016
Awards. 
  

	14.	All determinations regarding the interpretation, construction, enforcement, waiver, or modification of this Agreement and/or the Plan shall be made by the Committee in
its sole discretion and shall be final and binding on you and the Company. Determinations made under this Agreement and the Plan need not be uniform and may be made selectively among individuals, whether or not such individuals are similarly
situated. 

  
 9 

	15.	If any of the terms of this Agreement in the opinion of the Company conflict or are inconsistent with any applicable law or regulation of any governmental agency having
jurisdiction, the Company reserves the right to modify this Agreement to be consistent with applicable laws or regulations. 

  

	16.	You understand and acknowledge that the Company holds certain personal information about you, including but not limited to your name, home address, telephone number,
date of birth, social security number, salary, nationality, job title, and details of all Shares awarded, cancelled, vested, unvested, or outstanding (the “personal data”). Certain personal data may also constitute “sensitive personal
data” within the meaning of applicable local law. Such data include but are not limited to the information provided above and any changes thereto and other appropriate personal and financial data about you. You hereby provide explicit consent
to the Company and any Subsidiary to process any such personal data and sensitive personal data. You also hereby provide explicit consent to the Company and any Subsidiary to transfer any such personal data and sensitive personal data outside the
country in which you are employed, and to the United States. The legal persons for whom such personal data are intended are the Company and any third party providing services to the Company in connection with the administration of the Plan.

  

	17.	By accepting this award, you acknowledge having received and read the Plan Prospectus, and you consent to receiving information and materials in connection with this
Award or any subsequent awards under the Company’s long-term performance plans, including without limitation any prospectuses and plan documents, by any means of electronic delivery available now and/or in the future (including without
limitation by e-mail, by Website access, and/or by facsimile), such consent to remain in effect unless and until revoked in writing by you. This Agreement and the Plan, which is incorporated herein by reference, constitute the entire agreement
between you and the Company regarding the terms and conditions of this Award. 

  
 10 

	18.	You submit to the exclusive jurisdiction and venue of the federal or state courts of the Commonwealth of Pennsylvania to resolve all issues that may arise out of or
relate to and all determinations made under this Agreement. This Agreement shall be governed by the laws of the Commonwealth of Pennsylvania, without regard to conflicts or choice of law rules or principles. 

 

	19.	If any court of competent jurisdiction finds any provision of this Agreement, or portion thereof, to be unenforceable, that provision shall be enforced to the maximum
extent permissible so as to effect the intent of the parties, and the remainder of this Agreement shall continue in full force and effect. 

  

	20.	Neither your FY2016 Awards, this Award Agreement, nor the Plan constitute a contract of employment; nor do they guarantee your continued employment for any period
required for all or any of your Awards to vest or become exercisable. 

  
 11 

 Attachment 

FY2016-2018 Performance Share Earn Out Schedule 

 

	1.	Performance Shares Earned. For the avoidance of doubt, terms used in this Addendum will have the same definition as in the Agreement. The number of Performance Shares
earned will be determined in accordance with the following formula: 

 

(PERFORMANCE SHARES AWARDED) x (PAYOUT FACTOR) = 

(PERFORMANCE SHARES EARNED) 

  

	2.	Payout Factor. The Payout Factor is based on the Company’s TSR Percentile Rank among the Peer Group for the Performance Period. The initial Payout Factor is
determined in accordance with the following schedule: 

  

					
	 Company’s TSR
 Percentile Rank
	  	 Percentage of Performance
Shares Vesting
	 
	 3 75th %ile
	  	 	200	% 
	 3 50th %ile
	  	 	100	% 
	 3 30th %ile
	  	 	30	% 
	 < 30th %ile
	  	 	0	% 

  

	    	The Payout Factor will be interpolated for TSR Percentile Rank between discrete points. 

 

	    	The initial Payout Factor will be increased by 15 percentage points to determine the maximum Payout Factor. The Committee, in its discretion, may decrease the maximum
Payout Factor by up to 30 percentage points (15 percentage points from the Initial Payout Factor to determine the actual Payout Factor). The Committee, in its discretion, may adjust the amount of any individual’s payout, but it may not exceed
the maximum Payout Factor. 

  

	3.	Definitions. “Beginning Price” means, with respect to the Company’s and any other Peer Group member’s common stock, the average of the closing sale
prices of a share of such common stock on the principal exchange on which such stock is traded for the thirty (30) calendar days preceding the first day of the of the Performance Period. 

 

	4.	“Ending Price” means, with respect to the Company’s and any other Peer Group member’s common stock, the average of the closing sale prices of a
share of such company’s common stock on the principal exchange on which such stock is traded for thirty (30) calendar days ending with the last day of the Performance Period. 

  
 12 

	    	The “Peer Group” shall be the following companies: 

  

			
	 Celanese Corp.
	 	Ingersoll-Rand, Plc
	 Danaher Corp.
	 	Illinois Tool Works, Inc.
	 Dover Corp.
	 	Parker-Hannifin Corp.
	 DuPont (E.I.) De Nemours & Co.
	 	PPG Industries Inc.
	 Eastman Chemical Co.
	 	Praxair, Inc.
	 Eaton Corp.
	 	Rockwell Automation, Inc.
	 Ecolab Inc.
	 	TE Connectivity, Ltd.
	 Huntsman Corp.
	 	

  

	    	The Peer Group may be modified by the Committee in the event of the merger, acquisition or bankruptcy of a Peer Group member. The Peer Group may also be modified by the
Committee in connection with a corporate transaction of the Company. 

  

	    	“Total Shareholder Return” or “TSR” shall be the percent increase/decrease in value that would be experienced from purchasing a share of the
Company’s or a Peer Group member’s common stock, at the Beginning Price and holding it for the Performance Period and selling at the Ending Price of such a share, assuming that dividends and other distributions are reinvested in additional
shares of such stock at the closing market price on the ex-dividend date. Any non-cash distributions shall be valued at market value that shall be determined by the Committee. 

 

	    	“TSR Rank” means the ranking of the Company’s TSR among the TSRs for the Peer Group members for the Performance Period. TSR Rank is determined by
ordering the Peer Group members and the Company from highest to lowest based on TSR for the Performance Period and counting down from the company with the highest TSR (ranked first) to the Company’s position on the list. If two companies are
ranked equally, the ranking of the next company shall account for the tie, so that if one company is ranked first, and two companies are tied for second, the next company is ranked fourth. In the event of any ambiguity, the determination of the
Committee shall be final and binding. 

  
 13 

 The TSR Percentile Rank will be determined as follows: 

The nth ranked company out of the N companies (including Air Products) would have the following TSR Percentile Rank

  

					
		 	(N – n)	  	
	 TSR Percentile Rank =
	 	(N – 1)	  	

 That is, if Air Products ranked 5th out of 16 companies, its TSR Percentile Rank would be 73.3%
((16-5)/(16-1)), which would give a Vesting Percentage of 193.3%. 

  
 14EX-10.2

 Exhibit 10.2 
 AIR PRODUCTS AND CHEMICALS, INC. 
 RETIREMENT SAVINGS PLAN

 AS AMENDED AND RESTATED 
 EFFECTIVE JANUARY 1, 2016 

 TABLE OF CONTENTS 

 

							
			
	 ARTICLE I
	  	PURPOSES	  	 	1	  
	 1.01
	  	 Purposes
	  			
			
	 ARTICLE II
	  	DEFINITIONS	  	 	1	  
			
	ARTICLE III	  	ELIGIBILITY, CONTRIBUTIONS, WITHDRAWALS, DISTRIBUTIONS, ROLLOVERS, AND PLAN-TO-PLAN TRANSFERS	  	 	18	  
	 3.01
	  	 Eligibility and Commencement of Participation
	  	 	18	  
	 3.02
	  	 Before-Tax, Roth 401(k), and Catch-up Contributions
	  	 	21	  
	 3.03
	  	 Company Matching Contributions
	  	 	24	  
	 3.04
	  	 Company Core Contributions
	  	 	25	  
	 3.05
	  	 Company Core Contribution Vesting Rules
	  	 	26	  
	 3.06
	  	 Timing of Contributions
	  	 	28	  
	 3.07
	  	 Nondiscrimination Limitations and Corrective Measures
	  	 	28	  
	 3.08
	  	 In-Service Withdrawals by Participants of After-Tax Contributions, Rollover Contributions, Company Matching Contributions, Before-Tax, Roth 401(k)
and Catch-up Contributions
	  	 	40	  
	 3.09
	  	 Loans to Participants
	  	 	46	  
	 3.10
	  	 Distributions Following Distribution Events
	  	 	48	  
	 3.11
	  	 Distributions Pursuant to a Qualified Domestic Regulations Order
	  	 	50	  
	 3.12
	  	 Rollovers into the Plan
	  	 	51	  
	 3.13
	  	 Plan-to-Plan Transfers; Plan Mergers
	  	 	51	  
	 3.14
	  	 Limitation on Annual Additions to Participants’ Accounts
	  	 	53	  
	 3.15
	  	 Application of Top-Heavy Provisions
	  	 	54	  
			
	 ARTICLE IV
	  	TRUST FUND AND PARTICIPANT INVESTMENT FUNDS	  	 	59	  
	 4.01
	  	 Trust Agreement
	  	 	59	  
	 4.02
	  	 Investment of Contributions in the Participant Investment Funds
	  	 	60	  
	 4.03
	  	 Redirection of Investments of Participant Contributions
	  	 	61	  
	 4.04
	  	 Investment of Company Matching Contributions
	  	 	62	  
	 4.05
	  	 Participants’ Accounts
	  	 	62	  
	 4.06
	  	 Account Statements; Investment Information
	  	 	65	  
	 4.07
	  	 Voting, Tendering, and Similar Rights as to Company Stock
	  	 	65	  
			
	 ARTICLE IV-A
	  	ESTABLISHMENT OF AN EMPLOYEE STOCK OWNERSHIP PLAN	  	 	67	  
			
	 ARTICLE V
	  	MANNER OF DISTRIBUTION OF PARTICIPANT ACCOUNTS	  	 	68	  
	 5.01
	  	 General
	  	 	68	  
	 5.02
	  	 Designation of Beneficiaries; Spousal Consents
	  	 	70	  

  
 i 

							
	 5.03
	  	 Direct Rollovers
	  	 	71	  
	 5.04
	  	 Trustee-to-Trustee Transfer
	  	 	73	  
	 5.05
	  	 Protected Distribution Forms for Certain Transferred Balances
	  	 	73	  
			
	 ARTICLE VI
	  	ADMINISTRATION	  	 	74	  
	 6.01
	  	 Plan Administrator
	  	 	74	  
	 6.02
	  	 Expenses of Administration
	  	 	74	  
	 6.03
	  	 Powers and Duties of the Plan Administrator
	  	 	75	  
	 6.04
	  	 Powers and Duties of the Investment Committee
	  	 	77	  
	 6.05
	  	 Benefit Claims Procedures
	  	 	80	  
	 6.06
	  	 Fiduciaries
	  	 	82	  
	 6.07
	  	 Adequacy of Communications; Reliance on Reports And Certificates
	  	 	83	  
	 6.08
	  	 Indemnification
	  	 	84	  
	 6.09
	  	 Member’s Own Participation
	  	 	84	  
	 6.10
	  	 Elections
	  	 	84	  
			
	 ARTICLE VII
	  	AMENDMENT, CORRECTION, AND DISCONTINUANCE	  	 	84	  
	 7.01
	  	 Right to Amend or Terminate
	  	 	84	  
	 7.02
	  	 Corpus and Income Not to be Diverted
	  	 	86	  
	 7.03
	  	 Merger or Consolidation of Plan
	  	 	87	  
	 7.04
	  	 Correction
	  	 	87	  
			
	 ARTICLE VIII
	  	GENERAL PROVISIONS	  	 	87	  
	 8.01
	  	 Nonalienation of Benefits
	  	 	87	  
	 8.02
	  	 Payments to Minors, Incompetents, and Related Situations
	  	 	88	  
	 8.03
	  	 Unclaimed Accounts – Trust Funds
	  	 	88	  
	 8.04
	  	 No Guarantee of Employment
	  	 	88	  
	 8.05
	  	 Governing Law
	  	 	89	  
	 8.06
	  	 Gender, Number, and Headings
	  	 	89	  
	 8.07
	  	 Severability
	  	 	89	  
	 8.08
	  	 Obligations of the Employer
	  	 	90	  
	 8.09
	  	 Effective Date
	  	 	90	  
	 8.10
	  	 Uniformed Services Employment and Reemployment Rights Act
	  	 	90	  
	 8.11
	  	 Use of Electronic Media; Adjustment of Certain Time Periods
	  	 	90	  
			
	 APPENDIX A
	  	PARTICIPANT INVESTMENT FUNDS	  	 	A-1	  
			
	 EXHIBIT I
	  	ELIGIBLE NONUNION HOURLY LOCATIONS DESIGNATED BY VICE PRESIDENT – HUMAN RESOURCES	  	 	I-1	  
			
	 EXHIBIT II
	  	FORMS OF DISTRIBUTION AVAILABLE TO PARTICIPANTS WHO HAD AMOUNTS TRANSFERRED TO THE PLAN FROM THE IGS SAVINGS PLAN	  	 	II-1	  
			
	 EXHIBIT III
	  	 PLAN ELECTIONS
	  	 	III-1	  
			
	 SCHEDULE I
	  	 PARTICIPATING EMPLOYERS AS OF January 2016
	  	 	S-1	  

  
 ii 

 AIR PRODUCTS AND CHEMICALS, INC. 

RETIREMENT SAVINGS PLAN 
 ARTICLE I 
 PURPOSES 

1.01 Purposes. This Plan is established to facilitate the accumulation and investment of retirement and other
savings for eligible employees and to provide such employees with an opportunity to acquire a stock interest in Air Products and Chemicals, Inc. (the “Company”), and is intended to be a profit-sharing plan described in Code
Section 401(a) with a cash or deferred arrangement described in Code Section 401(k) and an employee stock ownership plan component as defined in Code Section 4975(e), all in accordance with the terms and conditions hereinafter set
forth. Unless otherwise stated or required by applicable law, the effective date of the current amendment and restatement shall be January 1, 2016, and shall not be applicable to persons retiring or otherwise terminating employment with the
Company and its Affiliated Companies prior to January 1, 2016, except as otherwise provided herein.  
 ARTICLE II

 DEFINITIONS 
 As used in this Plan, the terms listed below shall have the meanings assigned below; provided, however, that special definitions for purposes of Sections 3.07, 3.14, and 3.15 are contained in
Paragraphs 3.07(a), 3.14(a), and 3.15(a), respectively. 
 2.01 Affiliated Company means each trade or
business (whether or not incorporated) while it, together with the Company, is treated as a controlled group of corporations (as defined in Code Section 414(b)), as under common control (as defined in Code Section 414(c)), or as an
affiliated service group (as defined in Code Section 414(m)), or is required to be aggregated with the Company pursuant to the regulations under Code Section 414(o); provided, however, that for purposes of 

  
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Section 3.15 of the Plan and where otherwise applicable, the modification provided for in Code Section 415(h) shall be taken into account. 

2.02 After-Tax Contributions mean contributions made by a Participant to the Plan on an after-tax basis. Effective
January 1, 2016, the Plan will no longer permit After-Tax Contributions. The Plan, however, will maintain the After-Tax Contribution Account of a Participant. 
 2.03 After-Tax Contribution Account means the account to which a Participant’s After-Tax Contributions, if any, are allocated. 

2.04 Annual Salary means the total annual salary of a Participant, as determined by the Employer based solely on its
records, including elective contributions made by an Employer on behalf of the Employee that are not includible in federal taxable income under Code Section 125 or Code Section 402(e)(3), excluding: 

(a) Discretionary bonuses or grants, including, without limitation, income howsoever derived from any stock options or
other equity-based awards, scholastic aid, payments and awards for suggestions and patentable inventions, other merit awards or variable compensation, expense allowances, and noncash compensation (including imputed income); 

(b) Payments of Company Matching Contributions under Section 3.03 and Company Core Contributions under
Section 3.04 of this Plan, accruals or distributions under this Plan, or payments, accruals, or distributions under any severance, incentive, or welfare plan or other retirement, pension, or profit-sharing plan of an Employer; 

(c) Overtime, commissions, mileage, shift premiums, and payments in lieu of vacation; and 

(d) All supplemental compensation for domestic and overseas assignments, including without limitation, premium pay, cost
of living and relocation allowances, mortgage interest allowances and forgiveness, tax-equalization payments, and other emoluments for such service. 

  
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 In the case of a Participant who is a full-time hourly or a weekly salaried production and
maintenance employee, Annual Salary shall be determined by multiplying his base hourly pay rate by 2,080 hours. In the case of a Participant who is a part-time hourly employee or a part-time non exempt salaried employee, Annual Salary shall be
determined by multiplying his base hourly pay by his scheduled annual hours. Notwithstanding the above, Annual Salary means 125% of the amount determined in accordance with the preceding two sentences for any Participant who is employed as an
over-the-road truck driver by an Employer, is paid on a mileage and hourly basis or who receives trip pay, and whose employment is based at a liquid bulk distribution terminal designated from time to time by the Vice President – Human Resources
as a “Designated Terminal” and identified as such on Exhibit I. 
 For Employees who are receiving compensation
directly from the Employer during periods of short-term disability, Annual Salary for purposes of Core Contributions will be computed in the same manner as if in active employment. 

Notwithstanding the above, “Annual Salary” shall not exceed the limitation provided under Code Section 401(a)(17) as
adjusted pursuant to Code Section 401(a)(17)(B) for any Plan Year. 
 2.05 Before-Tax Contributions
mean contributions made by the Employer on behalf of a Participant pursuant to the Participant’s Deferral Election under Paragraph 3.02(a) or Deemed Election under Paragraph 3.02(d). 

2.06 Before Tax Contribution Account means the account to which a Participant’s Before Tax Contributions, if
any, are allocated. 
 2.07 Beneficiary or Beneficiaries mean the person(s), trust(s),
or other recipient(s) as determined under the provisions of Section 5.02, who or which shall receive all amounts credited to the Participant’s Plan accounts following the death of the Participant. 

  
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 2.08 Board means the board of directors of the Company or any Committee
thereof acting on behalf of the Board pursuant to its charter or other delegation of power from the Board, or the Chairman of the Board acting pursuant to a delegation of authority from the Board.  

2.09 Business Day means any day the New York Stock Exchange is open for business. 

2.10 Catch-up Contributions mean contributions made by the Employer on behalf of a Participant pursuant to the
Participant’s Deferral Election under Paragraph 3.02(c). The term “Catch-Up Contribution” shall include “Roth Catch-up Contributions”. A “Roth Catch-up Contribution” is a Catch-up Contribution which is includable
in a Participant’s gross income at the time the Catch-up Contribution is made to the Plan.  
 2.11
Catch-Up Contribution Account means the account to which a Participant’s, Catch-Up Contributions, if any, are allocated. The term “Catch-Up Contribution Account” shall include the account for Roth Catch-Up Contributions
which, if any, will be separately accounted for. 
 2.12 Claims Committee means the committee
appointed by the Vice President-Human Resources to review and determine appeals of claims arising under the Plan in accordance with Section 6.05. 
 2.13 Code means the Internal Revenue Code of 1986, as amended from time to time, and regulations thereunder. 

2.14 Company means Air Products and Chemicals, Inc., or any successor in interest thereto. 

2.15 Company Core Contributions mean contributions made by the Employer under Section 3.04. 

2.16 Company Core Contribution Account means the account to which a Participant’s Core Contributions, if any,
are allocated. 

  
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 2.17 Company Matching Contributions mean contributions made by the
Employer under Section 3.03. 
 2.18 Company Matching Contribution Account means the account to
which a Participant’s Company Matching Contributions, if any, are allocated. 
 2.19 Company
Stock means common stock of the Company. 
 2.20 Core Contribution Participant shall mean an
Electing Employee or a salaried Employee whose Employment Commencement Date or Reemployment Commencement Date occurs after October 21, 2004, or who otherwise becomes a salaried Employee after such date, a non-union hourly Employee whose
Employment Commencement Date or Reemployment Commencement date occurs after February 1, 2011, or an employee who otherwise becomes a non-union hourly Employee after February 1, 2011 provided such employee is not accruing benefits in the
Hourly Pension Plan. With respect to Employees who were employed by EPCO Carbon Dioxide Products, Inc. on May 31, 2013 and who were hired by the Company on June 1, 2013, such Employees shall become a Core Contribution Participant effective
July 1, 2013. 
 2.21 Credited Service means credited service as defined in the Salaried Pension Plan
or Hourly Pension Plan, as applicable. 
 2.22 Deemed Election means a passive election to make
Before-Tax Contributions to the Plan pursuant to Section 3.02(d).  
 2.23 Deferral Election
means the election made by a Participant in accordance with Section 3.02. 
 2.24 Defined Benefit
Plan means any Retirement Plan which does not meet the definition of a Defined Contribution Plan. 
 2.25
Defined Contribution Plan means a Retirement Plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant’s account and on any income, expenses, 

  
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gains, and losses, and any forfeitures of accounts of other participants, which may be allocated to such participant’s account. For this purpose, any Participant’s contributions made
pursuant to a Defined Benefit Plan maintained by the Company or an Affiliated Company shall be treated as a separate Defined Contribution Plan. 
 2.26 Distribution Event means: a Participant’s severance from employment with the Company and all Affiliated Companies, death or disability, in each case as defined by Code
Section 401(k)(2)(B)(i).  
 2.27 Electing Employee means an Employee who voluntarily elects to
cease accruing years of Credited Service under the Salaried Pension Plan as of the Retirement Program Change Effective Date in order to receive Company Core Contributions and increased Company Matching Contributions.  

2.28 Employee means (a) any salaried employee of an Employer or (b) any non-union hourly paid employee who
is employed by an Employer at one of the locations from time to time designated by the Vice President – Human Resources and listed on Exhibit I attached hereto and made a part hereof, as said Exhibit I is updated from time to time;
provided however, that no person shall be an Employee if such person is a leased employee (as defined below) of an Employer, a participant in the Supplemental Employment Program, a foreign national on a temporary assignment to an Employer, or an
employee working under a Summer Internship Program, a Cooperative Education Program, or other temporary or supplemental employment program of an Employer. An employee of an Employer who is covered by a collective bargaining agreement shall not be an
Employee unless the terms of such collective bargaining agreement provide for participation in the Plan. Notwithstanding the foregoing, if a leased employee or an employee of an Affiliated Company becomes an Employee, his service with the Company
and Affiliated Companies prior to becoming an Employee shall be taken into account for eligibility and vesting purposes under the Plan. The term “employee” as used herein shall mean any common law employee of the Company or an Affiliated
Company but shall exclude any person classified by the Company as an independent contractor even if such individual is subsequently reclassified as a common law employee by the Internal Revenue Service or any other agency, entity, or person. 

  
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 For purposes of the preceding paragraph, a “leased employee” is any person
(other than an employee of the Employer) who pursuant to an agreement between the Employer and any other person (leasing organization) has performed services for the Employer (or for the Employer and related persons determined in accordance with
Code Section 414(n)(6)) on a substantially full-time basis for a period of at least one year, and such services are performed under primary direction or control by the Employer. 

2.29 Employer means the Company and/or any Participating Employer, either collectively or separately as the context
requires. 
 2.30 Employment Commencement Date means the date on which the Employee first performs
an Hour of Service under Section 2.34 for an Employer or an Affiliated Company.  
 2.31 ERISA
means the Employee Retirement Income Security Act of 1974, as amended from time to time.  
 2.32 Fair
Market Value, as of any Business Day with respect to Company Stock, means the closing sale price for Company Stock for such date on the New York Stock Exchange, or, if no such sale occurred, the average of the closing bid and asked prices
for such date on the New York Stock Exchange.  
 2.33 Five Year Taxable Period means with respect
to a Roth 401(k) Contribution the period of time beginning on the first day of the taxable year for which the Participant made a designated Roth 401(k) Contribution to the Plan and ending after five consecutive taxable years have passed. With
respect to a direct Roth Rollover from another plan, the period begins on the first day of the taxable year that the Participant made the designated Roth contribution to the other plan and ends after five consecutive taxable years have passed. For
purposes of the Five Year Taxable Period, a reemployed veteran making a Roth 401(k) Contribution will be treated as having made in the taxable year of qualified military service that the veteran designates at the year to which the Roth 401(k)
Contribution was made. 

  
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 2.34 Hour of Service means:  

(a) each hour for which an employee (whether or not as an Employee) is directly or indirectly paid, or entitled to
payment, for the performance of duties for the Company or an Affiliated Company during the applicable computation period; 
 (b) each hour for which an employee (whether or not as an Employee) is directly or indirectly paid, or entitled to payment, by the Company or an Affiliated Company on account of a period of time during
which no duties are performed (irrespective of whether the employment relationship has terminated) due to vacation, holiday, illness, incapacity (including short-term disability ), layoff, jury duty, military duty, or leave of absence; 

(c) each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Company or
an Affiliated Company, with respect to an employee (whether or not an Employee), provided such hours have not previously been credited under either Paragraphs (a) or (b) above; and 

(d) In the case of an employee who is reemployed by the Company or an Affiliated Company in accordance with the
requirements of applicable federal law following an authorized leave of absence due to service in the Armed Forces of the United States, each hour during which such employee (whether or not as an Employee) is not performing duties for the Company or
an Affiliated Company due to such military leave whether or not such employee is paid, or entitled to payment, by the Company or an Affiliated Company. 
 For purposes of this Section, a payment shall be deemed to be made by or due from the Company or an Affiliated Company whether such payment is directly made by or due from the Company or Affiliated
Company, or indirectly made through, among other sources, a trust fund or insurer to which the Company or Affiliated Company contributes or pays premium (e.g., for group term life insurance). 

  
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 For purposes of Paragraphs (b) and (c) above, the following rules shall apply:

 (i) No more than five hundred and one (501) Hours of Service shall be credited on account of any single continuous
period during which the employee performs no duties for the Company or an Affiliated Company (whether or not such period occurs in a single computation period) except for short term disability salary continuation; 

(ii) No Hours of Service shall be credited for a payment made or due under a plan maintained solely for the purpose of complying with
applicable workers’ compensation, unemployment compensation, or disability insurance laws; and 
 (iii) No Hours of Service
shall be credited for a payment which solely reimburses an employee for medical or medically related expenses incurred by the employee. 
 In the case of a payment which is made or due on account of a period during which an employee performs no duties for the Company or an Affiliated Company, and which results in the crediting of Hours of
Service under Paragraphs (b) or (c) above, the number of hours and the period to which such hours are to be credited shall be determined in accordance with the rules promulgated by the United States Department of Labor in
paragraphs (b), (c), and (d) of the regulations at 29 CFR § 2530.200b-2 or any future regulations which change, amend, or supersede such regulations, which regulations are incorporated by reference herein. 

2.35 Hourly Pension Plan means the Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc., as
amended from time to time. 

  
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 2.36 IGS Savings Plan means the Industrial Gas and Supply Company
Retirement Savings Plan which was merged into the Plan effective as of March 31, 2000. 
 2.37
Investment Committee means the Pension Investment Committee of the Company, consisting of persons appointed by the Finance Committee of the Board and authorized, directed and empowered to supervise, monitor and review the management,
custody, control and investment performance of the assets of the Plan. 
 2.38 Investment Vehicle
means any security or other investment in which the Trustee is authorized to invest Participant Contributions transferred to a particular Participant Investment Fund, other than cash or interest-bearing investments of a short-term nature in which
such Participant Contributions may be temporarily invested pending investment in such security or other investment.  

2.39 Matched Contributions means Before-Tax Contributions and Roth 401(k) Contributions that are matched by the
Employer in accordance with Section 3.03. 
 2.40 Normal Retirement Age means age 65.

 2.41 Participant means: (a) any Employee who is eligible to participate in the Plan in
accordance with Section 3.01, or (b) any former Employee by whom or for whom contributions have been made under Sections 3.02, 3.03, 3.04, 3.12, or 3.13, and (c) any participant in the IGS Savings Plan on March 30, 2002,
until such time as all such contributions and earnings thereon have been withdrawn by or distributed to such Employee, former Employee or IGS Savings Plan Participant. 
 2.42 Participant Contributions mean, collectively, funds held and invested by the Trustee under the Trust Agreement which were, when first transferred to the Trustee, Matched
Contributions, Unmatched Contributions, rollover contributions as described in Section 3.12, or assets received in plan-to-plan transfers or mergers as described in Section 3.13, together with earnings thereon. 

  
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 2.43 Participant Investment Funds mean the funds described in Appendix
A, as amended from time to time, which other than the Company Stock Fund, are chosen by the Investment Committee, in which Participant Contributions and Company Core Contributions are held for investment. 

2.44 Participating Employer means those Affiliated Companies listed as Participating Employers on Schedule I
hereto, while such designation is in effect, and any Affiliated Company which is later designated by the Board or pursuant to authority delegated by the Board as a Participating Employer under the Plan, whose designation has not been revoked. An
Affiliated Company’s status as a Participating Employer shall be automatically revoked upon its ceasing to be an Affiliated Company. A Participating Employer or the Board or person acting pursuant to authority delegated by the Board may revoke
such designation at any time, but until such acceptance has been revoked, all of the provisions of the Plan and amendments thereto shall apply to the Employees and former Employees of the Participating Employer. In the event the designation of a
Participating Employer is revoked, the Plan shall be deemed discontinued only as to such Participating Employer. 

2.45 Party in Interest has the meaning provided in ERISA Section 3(14), or regulations promulgated thereunder
or any future regulations which change, amend, or supersede such regulations.  
 2.46 Period of
Severance means a 12-consecutive-month period beginning on an individual’s Severance from Service Date or any anniversary thereof and ending on the next succeeding anniversary of such date during which the individual is not credited
with at least one Hour of Service. 
 2.47 Plan means the “Air Products and Chemicals, Inc.
Retirement Savings Plan” as set forth herein and as amended from time to time. 
 2.48 Plan
Administrator means the Vice President – Human Resources, or such other person or entity as he or she shall appoint to fill such role. 

  
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 2.49 Plan Year means the annual period beginning on October 1 and
ending on September 30 of the following calendar year. A Plan Year shall be designated according to the calendar year in which such Plan Year ends. The Plan Year shall also be the limitation year for purposes of applying the limitation of Code
Section 415. 
 2.50 Qualified Default Investment Alternative means the Participant Investment
Fund chosen by the Investment Committee, as designated in Appendix A, to meet the requirements of ERISA Section 404(c)(5) and the regulations thereunder. 
 2.51 Qualified Domestic Relations Order means: (a) any qualified domestic relations order as defined in Code Section 414(p) and ERISA Section 206(d), or (b) any
other domestic relations order permitted to be treated as a qualified domestic relations order by the Plan Administrator under the provisions of the Retirement Equity Act of 1984 and which the Plan Administrator determines to treat as a qualified
domestic relations order. 
 2.52 Reemployment Commencement Date means the first day on which an
individual performs an Hour of Service under Section 2.34 after incurring a Period of Severance.  
 2.53
Retirement Plan means: (a) any profit-sharing, pension, or stock bonus plan described in Code Sections 401(a) and 501(a), (b) any annuity plan or annuity contract described in Code Sections 403(a) or 403(b) of the
Code, or (c) any individual retirement account or individual retirement annuity described in Code Sections 408(a) or 408(b). 
 2.54 Retirement Program Change Effective Date means January 1, 2005, except that (a) for Employees at the South Brunswick, New Jersey facility who were hourly-rated
instrument and electrical technicians, warehouse technicians, laboratory technicians, maintenance technicians, operation technicians, or production technicians as of January 1, 2005, the Retirement Program Change Effective 

  
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Date shall be January 1, 2006, and (b) for salaried Employees who were on military leave on January 1, 2005, the Retirement Program Change Effective Date shall be the first of the
month following 30 days after returning from military leave. 
 2.55 Rollover Contribution Account
means the account to which a Participant’s Rollover Contributions made in accordance with Code Section 402(c)(2), if any, are allocated. The Rollover Contribution Account shall not contain any allocations of Roth Rollover Contributions;
rather, Roth Rollover Contributions shall be allocated to the Roth Rollover Contribution Account. 
 2.56
Roth 401(k) Contribution means a Participant’s Elective Deferral that is (a) includable in the Participant’s gross income at the time that the Elective Deferral is deferred, and (b) has been irrevocably designated
as a Roth 401(k) Contribution. 
 2.57 Roth 401(k) Contribution Account means the account to which a
Participant’s Roth 401(k) Contributions, if any, are allocated. No contributions other than Roth 401(k) Contributions and properly attributable earnings will be credited to a Participant’s Roth 401(k) Contribution Account; and gains,
losses and other credits or charges will be allocated on a reasonable and consistent basis to such Roth 401(k) Contribution Account. The Plan will maintain a record of the amount of Roth 401(k) Contributions in each Participant’s Roth 401(k)
Contribution Account. Distributions from a Participant’s Roth 401(k) Contribution Account (other than corrective distributions) are not includable in the Participant’s gross income if the distribution is made after the Five Year Taxable
Period and after the Participant’s death, disability or age 59 1/2. Earnings on corrective distributions of Roth 401(k) Contribution are includable in a Participant’s gross income in the same manner as earnings on corrective distributions
of Before-Tax Contributions; however, corrective distributions of Roth 401(k) Contributions are not includible in the Participant’s gross income. 
 2.58 Roth Rollover Contribution means the direct rollover from a Roth elective deferral account under an applicable retirement plan described in Code Section 402A(e)(1) and only
to the extent the rollover is permitted under Code Section 402(c). 

  
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 2.59 Roth Rollover Contribution Account means the account to which a
Participant’s Roth Rollover Contributions, if any, are allocated. The Plan will maintain a record of the amount of Roth Rollover Contributions in each Participant’s Roth Rollover Contribution Account.  

2.60 Salaried Pension Plan means the Air Products and Chemicals, Inc. Pension Plan for Salaried Employees, as
amended from time to time. 
 2.61 Severance from Service Date occurs on the earlier of (i) the
date on which an employee retires, voluntarily terminates, or is discharged from employment with an Employer and all Affiliated Companies or dies; or (ii) the first anniversary of the first date of a period in which an Employee remains absent
from service (with or without pay) with the Employer and all Affiliated Companies for any reason other than voluntary termination, retirement, discharge, or death, such as vacation, holiday, sickness, disability, leave of absence, or layoff;
provided that, in the case of an individual who is absent from work for maternity or paternity reasons, a Severance from Service Date shall not occur until the second anniversary of the date the individual begins such maternity or paternity leave.
For purposes of the foregoing, an Employee’s absence from work for maternity or paternity reasons means an absence (a) by reason of the pregnancy of the Employee, (b) by reason of the birth of a child of the Employee, (c) by
reason of the placement of a child with the Employee in connection with the adoption of such child by such Employee, or (d) for purposes of caring for such child for a period beginning immediately following such birth or placement; provided
that the Employee has provided to the Plan Administrator, in the form and manner prescribed by the Plan Administrator, information establishing (a) that the absence from work is for maternity or paternity reasons and (b) the number of days
for which there was such an absence. Nothing in this Section shall be construed as expanding or amending any maternity or paternity leave policy of the Employer. Notwithstanding the above, an individual who is absent from work due to a leave of 

  
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absence, whether or not for maternity or paternity reasons, who returns to work immediately following the leave of absence shall be deemed not to have a Severance from Service date. 

2.62 Trust Agreement means the trust agreement referred to in Article IV, as the same may be amended from time
to time. 
 2.63 Trust Fund means the assets held in trust for purposes of the Plan. 

 2.64 Trustee means such trustee or trustees as shall be appointed by the Investment Committee under
the Trust Agreement. 
 2.65 Unmatched Contributions mean any Roth 401(k) Contributions which are
not Matched Contributions, Before-Tax Contributions which are not Matched Contributions or Catch-up Contributions. 
 2.66 Vice President-Human Resources shall mean the Vice President, Human Resources of the Company, or any successor to that position. 

2.67 Years of Service mean the service credited to a Participant for purposes of determining the amount of Company
Core Contributions allocated to the Participant’s account under Section 3.04. The following rules shall apply in calculating Years of Service under this Plan: 

(a) An Employee shall be credited with a Year of Service for each 12 consecutive month period during the period beginning
on the Employee’s Employment Commencement Date and ending on the Employee’s Severance from Service Date. 
 (b) If an Employee has a Severance from Service Date and after January 1, 2005 is rehired by the Employer as a salaried Employee or after February 1, 2011 is rehired by the Employer as a
non-union hourly Employee, Years of Service prior to the Employee’s Severance from Service Date shall not be taken into account as Years of Service. The Employee’s date of reemployment shall be the Employee’s Employment Commencement
Date for purposes of (a) above. 

  
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 (c) Notwithstanding the foregoing, an hourly employee who is receiving
credited service in the Hourly Pension Plan and becomes a salaried Employee after January 1, 2005, or a salaried employee who is receiving credited service in the Salaried Pension Plan and becomes a non-union hourly Employee after
February 1, 2011 will be credited with Years of Service beginning with the date he or she first earned Credited Service under the Salaried Pension Plan or the Hourly Pension Plan, as applicable, but excluding any period when he or she was not
employed by the Company or an Affiliated Company, and any period of active employment with respect to which service is not taken into account in calculating his or her Accrued Benefit under such Plan. 

(d) Notwithstanding the foregoing, for periods of service prior to January 1, 2005, an Employee who was a Core
Contribution Participant as of January 1, 2005, will be credited with Years of Service beginning with the date he or she first earned Credited Service under the Salaried Pension Plan or the Hourly Pension Plan, but excluding any period when he
or she was not employed by the Company or an Affiliated Company, and any period with respect to which service is not taken into account in calculating his or her Accrued Benefit under such Plan as of January 1, 2005. 

(e) An Employee who was an employee of E. I. du Pont de Nemours and Company (“DuPont”) and who was hired by the
Company in connection with the purchase of DuPont Air Products NanoMaterials L.L.C. on April 2, 2012, shall be credited with a Year of Service for each 12 consecutive month period during the period beginning on the Employee’s service date
with DuPont and ending on the Employee’s Severance from Service Date. 

  
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 2.68 Years of Vesting Service means the service credited to an Employee for
purposes of determining the Employee’s vested interest in the portion of his account attributable to Company Core Contributions and related investment earnings and losses. The following rules shall apply in calculating Years of Vesting Service
under this Plan: 
 (a) An Employee shall be credited with full and partial Years of Vesting Service for the
period from the Employee’s Employment Commencement Date to the Employee’s Severance from Service Date and, if applicable, from the Employee’s Reemployment Commencement Date to the Employee’s subsequent Severance from Service
Date; provided that, an Employee who is absent from work due to maternity or paternity leave as defined in subsection 2.61 immediately prior to their Severance from Service Date shall not be credited with Vesting Service for any period of such
maternity or paternity leave that extends beyond the one year anniversary of the date the individual begins such maternity or paternity leave. Years of Vesting Service shall be calculated on the basis that 12 consecutive months of employment equal
one year. For this purpose, partial Years of Vesting Service shall be aggregated. 
 (b) If an Employee retires,
voluntarily terminates, or is discharged from employment with the Employer and all Affiliated Companies and is subsequently reemployed, the period commencing on the Employee’s Severance from Service Date and ending on the reemployment date
shall be taken into account, if such period is 12 months or less in duration; provided that, if an Employee retires, voluntarily terminates, or is discharged from employment with the Employer and all Affiliated Companies during a period when
the Employee was absent for another reason and is subsequently reemployed, the period commencing on the Employee’s Severance from Service Date and ending on the reemployment date shall be taken into account, but only if the reemployment date
occurs within 12 months of the first date of absence. 
 (c) If an Employee is reemployed after incurring five
consecutive Periods of Severance, and the Employee had never previously earned any vested benefits under the Plan, including Company Matching Contributions, Years of Vesting Service after such Periods of Severance shall not be taken into account for

  
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purposes of determining the vested interest in the portion of his account attributable to Company Core Contributions made before such Periods of Severance, and Years of Vesting Service before
such Periods of Severance shall not be taken into account for the purpose of determining the vested interest in the portion of his account attributable to Company Core Contributions made after such Periods of Severance. 

(d) Years of Vesting Service shall include all periods described in paragraphs (a), and (b) above (including
those periods during which the Employee was a leased employee within the meaning of section 414(n) or 414(o) of the Code) whether or not the Employee qualified as an Employee during those periods. 

(e) An Employee who was an employee of DuPont and who was hired by the Company in connection with the purchase of DuPont
Air Products NanoMaterials L.L.C. on April 2, 2012, shall be credited with full and partial Years of Vesting Service for the period from the Employee’s service date with DuPont to the Employee’s Severance from Service Date.

 ARTICLE III 
 ELIGIBILITY, CONTRIBUTIONS, WITHDRAWALS, DISTRIBUTIONS, 
 ROLLOVERS, AND
PLAN-TO-PLAN TRANSFERS 
 3.01 Eligibility and Commencement of Participation.  

(a) An Employee shall be eligible to participate in the Plan upon meeting the requirements of (i) or (ii) as
follows: 
 (i) An Employee shall be eligible to participate in the Plan upon completion of thirty (30) days of service
after the date as of which the Employee is first scheduled or expected to be credited with one thousand (1,000) Hours of Service as an Employee during the next twelve (12)-month period. Such Employee will begin his participation as of the first
complete pay period following the completion of such thirty 

  
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(30) days of service if such Employee shall make an affirmative election to participate in accordance with procedures adopted by the Plan Administrator under Paragraph 3.02(a), (b), or
(c) , or a Deemed Election pursuant to Paragraph 3.02(d). Notwithstanding the foregoing, a Core Contribution Participant shall be eligible to participate in benefits under Section 3.04 of the Plan on the later of the Retirement
Program Change Effective Date or the date he becomes a Core Contribution Participant, provided that he is scheduled or expected to be credited with one thousand (1,000) Hours of Service during the next twelve (12)-month period. 

(ii) An Employee who has not satisfied the service requirements of the preceding paragraph shall be eligible to participate in the Plan,
upon such Employee’s completion of 1,000 Hours of Service during an eligibility computation period. An eligibility computation period is the twelve (12) month period beginning on the Employee’s Employment Commencement Date, or, in the
event such Employee does not complete 1,000 Hours of Service in such twelve (12) month period, all Plan Years beginning after the first day of such twelve (12) month period. Such an Employee may begin his participation as of the first full
pay period which includes the earlier of (i) the first day of the Plan Year which follows his satisfaction of the eligibility requirements in the preceding sentence, or (ii) the date which is six months after the date on which he satisfied
such eligibility requirements, if such Employee makes an affirmative election to participate in accordance with Paragraph 3.01(a)(i). A Core Contribution Participant who has not satisfied the service requirements of the preceding paragraph
shall be eligible to participate in benefits under Section 3.04 of the Plan upon such Participant’s completion of 1,000 Hours of Service during an eligibility computation period. 

(iii) Employees who were former participants of the IGS Savings Plan shall be eligible to participate upon their becoming an Employee
provided they make an affirmative election to participate in accordance with the procedures adopted by the Plan Administrator under subsection 3.02(a), (b), or (c) or a Deemed Election pursuant to subsection 3.02(d). 

  
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 (iv) An Employee who was an employee of DuPont and who was hired by the Company in
connection with the purchase of DuPont Air Products NanoMaterials L.L.C. on April 2, 2012, shall be eligible to participate in the Plan as soon as administratively possible upon his becoming an Employee provided he makes an affirmative election
to participate in the Plan in accordance with the procedures adopted by the Plan Administrator under subsection 3.02(a), (b), or (c) or a Deemed Election pursuant to subsection 3.02(d). 

(b) An Employee eligible to participate in the Plan shall remain eligible to participate (subject to the applicable
suspension provisions of Sections 3.02, 3.07, and 3.08) for so long as he is an Employee. An Employee who terminates his employment with the Company and all Affiliated Companies after becoming eligible to participate in the Plan, or an Employee
who otherwise ceases to be employed as an Employee, shall, upon reemployment by an Employer as an Employee, be eligible to participate in the Plan and may begin his participation as soon as administratively possible so long as an election is
properly made as provided in Paragraph 3.02; except that such reemployed Core Contribution Participant shall be eligible to participate in Company Core Contributions as of the later of the Retirement Program Change Date or his Reemployment
Commencement Date (or, if no Severance from Service has occurred, the later of the Retirement Program Change Date or the date he once again meets the definition of Employee). An Employee who becomes represented by a collective bargaining agent will
remain eligible to participate in the Plan until a collective bargaining agreement is executed by the Employer by which the Employee is employed and the bargaining agent and, subsequent thereto, will only remain eligible to participate in the Plan
if the collective bargaining agreement so provides. An Employee who terminates employment with the Company and all Affiliated Companies prior to becoming eligible to participate in the Plan shall be treated as a new Employee for purposes of this
Section 3.01 upon reemployment by an Employer. 

  
 20 

 (c) Notwithstanding any other provision of this Plan, the availability of
Before-Tax Contributions, Roth 401(k) Contributions, Catch-up Contributions, Company Core Contributions and Company Matching Contributions shall not discriminate in favor of Highly Compensated Employees. 

3.02 Before-Tax, Roth 401(k) and Catch-up Contributions. Each Employee shall commence participation in the Plan by
making an election to make contributions to the Plan as described in (a), (b), (c), or (d) below (the “Deferral Election”). 
 (a) Before-Tax Contributions. An Employee may make an election to reduce periodic installments of his Annual Salary otherwise payable for each succeeding pay period and direct the
Employer to make a contribution to the Plan on his behalf in an amount equal to a whole number from 3 to 50 percent of such periodic installment of his Annual Salary (subject to the provisions of Section 3.07). The combined Before-Tax
Contribution and Roth 401(k) Contribution cannot exceed the limitations under Code Section 402(g) or 50 percent of a Participant’s periodic installment of Annual Salary.  

(b) Roth 401(k) Contributions. An Employee may make an election to contribute an amount equal to a
whole number from 3 to 50 percent of each such periodic installment of his Annual Salary (subject to the provisions of Section 3.07) to the Plan. The combined Before-Tax Contribution and Roth 401(k) Contribution cannot exceed the limitations
under Code Section 402(g) or 50 percent of a Participant’s periodic installment of Annual Salary. 
 (c) Catch-up Contributions. Effective October 1, 2002, a Participant who attains age 50 by the end of the applicable calendar year and who has made Before-Tax Contributions
or Roth 401(k) Contributions for the calendar year or Plan Year, as applicable, up to the lesser of the statutory limit described in Section 3.07(c)(i), the Plan limit described in Section 3.02(a), or, if such Participant is a Highly
Compensated Employee, the highest amount of Before Tax Contributions or Roth 401(k) Contributions that can be retained in the Plan with respect to such Participant without violating the Average Deferral Percentage Test 

  
 21 

 
described in Section 3.07(b)(1), shall be eligible to make additional Before-Tax Contributions or Roth 401(k) Contrributions to the Plan in the amount of $5,000, which amount shall be
adjusted pursuant to cost of living adjustments described in Code Section 414(v)(2)(c). 
 (d)
Deemed Election. (i) Each salaried Employee who becomes eligible to participate in the Plan on or after the Retirement Program Change Effective Date, and (ii) each hourly Employee who becomes eligible to participate in the
Plan on and after October 1, 2007, shall be considered to have directed the Employer to reduce his salary in order to make a Before-Tax Contribution in an amount equal to six (6) percent of each periodic installment of his Annual Salary
(subject to the provisions of Section 3.07) on his behalf to the trust for the Plan established under the Trust Agreement unless such Employee files (or has filed) a Deferral Election with the Employer. Such Deemed Election shall be effective
in accordance with procedures established by the Plan Administrator after written notice has been provided to the Employee. 
 (e) Limits on Contributions. Notwithstanding the foregoing, the maximum combined total of Roth 401(k) Contributions and Before-Tax Contributions being made by or on behalf of a
Participant at any time may not exceed 50 percent of the Participant’s installments of Annual Salary payable at the time, and Roth 401(k) Contributions and Before-Tax Contributions may be made only to the extent that such Contributions to
a Participant’s account for any Plan Year do not cause the limitations on Annual Additions to a Participant’s account as set forth in Section 3.14 to be exceeded. 

(f) Election Changes. An Employee may, by giving notice to the Plan Administrator, change his
Deferral Election, including a Deemed Election, and direct the Employer to reduce or contribute, as the case may be, different permitted percentages of his periodic installments of Annual Salary, effective as soon as administratively practicable
thereafter. In the event of a change in Annual Salary, the Employee’s then current contribution percentage shall automatically be applied to the new Annual Salary, as soon as administratively practicable thereafter.  

  
 22 

 (g) Suspension of Elections. An Employee may, by notice
to the Plan Administrator, initiate a suspension of his Deferral Election beginning as soon as administratively practicable thereafter. In addition, suspension shall be automatic as of the first pay in which a Participant ceases to be an Employee.
In the event the participant initiates the suspension, the Participant may elect to resume his Deferral Election in accordance with the provisions of Section 3.01 effective as soon as administratively practicable thereafter, provided that he is
an Employee as of the date when the Deferral Election resumes. 
 (h) Termination of
Elections. Subsequent to a Distribution Event, the Participant shall have no right to continue making contributions to the Plan, but shall have the right to redirect the investment of the amounts in his accounts in accordance with
Section 4.03 and to change or revoke his written designation of Beneficiary in accordance with Section 5.02. 
 (i) Administrative Rules. The Plan Administrator may from time to time establish such rules and procedures for determining and adjusting the percentages of Annual Salary subject to Deferral
Elections as the Plan Administrator shall in his sole discretion deem to be necessary or desirable for the administration of the Plan in accordance with the Code and ERISA, including, without limitation, rules and procedures establishing limitations
on the frequency with which all or certain Participants may alter the percentage of their Annual Salary which are subject to Deferral Elections and rules and procedures allowing for the contributions of a specified dollar amount of Before-Tax
Contributions, Roth 401(k) Contributions or Catch-Up Contributions in lieu of fixed whole percentage. Notwithstanding any provision in the Plan to the contrary, solely with respect to a Participant in the Air Products Deferred Compensation Plan, the
Plan Administrator may from time to time adjust the percentage of Annual Salary Deferral Elections as the Plan Administrator shall in his sole discretion deem to be necessary or desirable for the administration of both the Plan and the Air Products
Deferred Compensation Plan. 

  
 23 

 (j) Vesting. A Participant shall have a fully vested,
nonforfeitable right to any benefits derived from Before-Tax Contributions, Roth 401(k) Contributions, After-Tax Contributions and Catch-up Contributions made under this Section 3.02. 

3.03 Company Matching Contributions. The Employer shall make Company Matching Contributions to the Plan on behalf of
each Employee who participates in the Plan in accordance with the following provisions: 
 (a)
Enhanced Formula. Effective as of the later of the Retirement Program Change Effective Date or the date he becomes a Core Contribution Participant, each Core Contribution Participant shall receive Company Matching Contributions as soon
as administratively practicable after each pay date from the Employer equal to the sum of (i) and (ii) below: 
 (i)
75 percent of the first (4) percent of the Participant’s Annual Salary that is deferred by the Participant each pay period to the Plan as Before-Tax Contributions or Roth 401(k) Contributions provided that the Participant has elected to
contribute at least three (3) percent as Before-Tax Contributions or Roth 401(k) Contributions, excluding Catch-up Contributions, and 
 (ii) 50 percent of the next two (2) percent of the Participant’s Annual Salary that is deferred by the Participant each pay period to the Plan as Before-Tax Contributions or Roth 401(k)
Contributions, excluding Catch-up Contributions. 
 (b) Regular Formula. Each Participant
who is not eligible to receive Company Matching Contributions in accordance with (a) above, shall receive Company Matching Contributions as of the end of each pay period from the Employer equal to the sum of (i) and (ii) below:

 (i) 75 percent of the first (3) percent of the Participant’s Annual Salary that is deferred by the Participant
each pay period to the Plan provided that the Participant has elected to contribute at least three (3) percent as Before-Tax Contributions or Roth 401(k) Contributions, excluding Catch-up Contributions, and 

  
 24 

 (ii) 25 percent of the next three (3) percent of the Participant’s Annual
Salary that is deferred by the Participant each pay period to the Plan as Before-Tax Contributions or Roth 401(k) Contributions , excluding Catch-up Contributions. 

(c) Form of Company Matching Contribution. A Company Matching Contribution will be made to the
Trustee at least annually, but (unless the Company determines otherwise) only out of the Employer’s current or accumulated earnings and profits, and may be made in whole or in part in cash or Company Stock. Company Matching Contributions to be
made in Company Stock shall be valued for such purpose at the Fair Market Value on the last Business Day of the period for which the Company Matching Contribution is made. If the Company shall not have taken action to discontinue the Plan in
accordance with the provisions of Section 7.01 prior to the end of any Plan Year, the Employer’s Company Matching Contribution for such Plan Year shall become a fixed obligation as of the end of such Plan Year to the extent of the
Employer’s current or accumulated earnings and profits. 
 (d) Limits on Company
Matching Contributions. Notwithstanding the foregoing, no Company Matching Contribution shall be made for the account of any Participant to the extent that such Company Matching Contribution, after the adjustments provided for in the
following sentence, would violate the Actual Contribution Percentage Test, as described in Section 3.07. Any corrective actions taken to avoid such violations shall be performed in accordance with Section 3.07.  

(e) Vesting. A Participant shall have a fully vested, nonforfeitable right to any benefits derived
from Company Matching Contributions, subject to the forfeiture provisions of Section 3.07 and Paragraph 3.14(c).  
 3.04 Company Core Contributions. Effective as of the Retirement Program Change Effective Date, each Core Contribution Participant shall receive Company Core Contributions from the
Employer in accordance with the following provisions: 

  
 25 

 (a) Formula. The Employer shall allocate a Company Core
Contribution at least annually to the account of each eligible Participant at any time during the Plan Year in accordance with the following schedule: 
  

			
	 Years of Service
	  	 Amount of Company Core Contributions

	 Less than 10 Years of Service
	  	4% of Annual Salary
	 10-19 Years of Service
	  	5% of Annual Salary
	 20 or more Years of Service
	  	6% of Annual Salary

 (b) Notwithstanding the foregoing, Annual Salary for purposes of determining the amount
of Company Core Contributions under (a), above, shall not include any Annual Salary earned by a Participant before the Participant became eligible to receive Company Core Contributions. 

3.05 Company Core Contribution Vesting Rules. A Participant’s Company Core Contributions and related investment
earnings and losses shall be subject to the following vesting rules:  
 (a) Vesting
Schedule. Effective on and after October 1, 2007, a Participant who is an Employee shall have a vested, nonforfeitable right to the portion of a Participant’s account attributable to Company Core Contributions, including any
related investment earnings and losses, according to the following vesting schedule, or, if earlier, after attaining Normal Retirement Age while employed by the Employer or an Affiliated Company: 

 

					
	 Years of Vesting Service
	  	Percent
Vested	 
	 Less than 1
	  	 	0	% 
	 1
	  	 	20	% 
	 2
	  	 	40	% 
	 3
	  	 	60	% 
	 4
	  	 	80	% 
	 5
	  	 	100	% 

  
 26 

 Prior to October 1, 2007, a Participant who is an Employee would have a fully vested,
nonforfeitable right to the portion of a Participant’s account attributable to Company Core Contributions, including any related investment earnings and losses, after completing at least 5 Years of Vesting Service, or, if earlier, after
attaining Normal Retirement Age while employed by the Employer or an Affiliated Company. 
 (b)
Forfeitures. 
 (i) If a Participant is not fully vested in Company Core Contributions as described in
(a) above at the time he incurs a Severance from Service Date, the unvested portion of the Participant’s account attributable to Company Core Contributions and related investment earnings and losses shall be forfeited as of the earlier of:

 (A) the date on which he receives a distribution of his entire vested interest in his account; or 

(B) the date on which he incurs five consecutive Periods of Severance. 

(ii) A Participant who has no portion of his account attributable to Company Matching Contributions, Participant Before-Tax
Contributions or Roth 401(k) Contributions and whose vested interest in the portion of his account attributable to Company Core Contributions is zero shall be deemed to have received a distribution of his account as of his Severance from Service
Date. 
 (iii) If a Participant is rehired by the Employer or an Affiliated Company before incurring five consecutive Periods
of Severance, any amount forfeited under subsections (i) or (ii) shall be restored to his account as soon as administratively practicable. Such restoration shall be made from currently forfeited amounts in accordance with
subsection (iv), or from additional contributions by the Employer and shall be invested in the Qualified Default Investment Alternative. 

  
 27 

 (iv) Amounts forfeited shall be used to first restore future amounts required to be
restored in accordance with subsection (iii) with respect to the Plan Year. After such restoration, if any, is made, such amounts shall be used to reduce future Company Core Contributions and Company Matching Contributions made by the Employer
by which the former Participant was employed, or to defray administrative costs of the Plan as determined by the Company. 

3.06 Timing of Contributions. Before-Tax, Roth 401(k) and Catch-up Contributions shall be transferred to the Trustee
as soon as practicable following the date on which the Participant’s pay is reduced by the amount of the contribution. Company Matching Contributions and Company Core Contributions shall be transferred to the Trustee at least annually, but in
all cases no later than the last date on which amounts so paid may be deducted for federal income tax purposes for the taxable year of the Employer in which the Plan Year ends. 

3.07 Nondiscrimination Limitations and Corrective Measures.  

(a) For purposes of this Section 3.07, the following terms shall have the meanings indicated below: 

(i) Actual Contribution Percentage. The Actual Contribution Percentages for a Plan Year for the group of all Highly
Compensated Employees and for the group of all Nonhighly Compensated Employees respectively are the averages, calculated to the nearest one-hundredth of a percentage point (.01%), of the ratios, calculated separately to the nearest one-hundredth of
a percentage point (.01%) for each Employee in the respective group, of the amount of Company Matching Contributions and After Tax Contributions (and any Qualified Non-Elective Contribution made under Paragraph 3.07(c)(x) for purposes of
satisfying the Actual Contribution Percentage Test) made to the Plan on behalf of each such Employee for such Plan Year, to the Employee’s Compensation for such Plan Year, whether or not the 

  
 28 

 
Employee was a Participant for the entire Plan Year. The Actual Contribution Percentage calculation may include Before-Tax Contributions and Roth 401(k) Contributions, excluding Catch-up
Contributions, so long as: (A) the Actual Deferral Percentage Test is met before such Before-Tax Contributions and Roth 401(k) Contributions are used in the Actual Contribution Percentage Test, and continues to be met following the exclusion of
those Before-Tax Contributions and Roth 401(k) Contributions that are used to meet the Actual Contribution Percentage Test and (B) the requirements of Treasury Regulation §1.401(m)-1(b)(5) are satisfied. For purposes of determining
the Actual Contribution Percentage, only those Employees who are eligible to elect After Tax Contributions or to receive Company Matching Contributions for all or a portion of the applicable Plan Year, or who would be so eligible absent a suspension
in accordance with the terms of the Plan, are taken into account; any such Employee who would be a Participant if such Employee made an After Tax Contribution orhad a Before-Tax Contribution or Roth 401(k) Contribution made on his behalf shall be
treated as an eligible Employee on behalf of whom no After Tax Contributions or Company Matching Contributions are made. 
 For
purposes of this Section, and except as otherwise provided in Treasury regulations, if the Plan and any other plan are aggregated for purposes of Code Section 410(b) (other than for purposes of the average benefit percentage test), such plans
(including the Plan) shall be treated as one (1) plan for purposes of calculating the Actual Contribution Percentage. Except as otherwise provided in Treasury regulations, if any Highly Compensated Employee who is a Participant in this Plan
also participates in any other plan of the Employer to which employee or matching contributions are made, all such plans (including the Plan) shall be treated as one (1) plan with respect to such Participant. 

(ii) Actual Contribution Percentage Test means the test described in Paragraph 3.07(b)(ii). 

  
 29 

 (iii) Actual Deferral Percentage. The Actual Deferral Percentages for a Plan
Year for the group of all Highly Compensated Employees and for the group of all Nonhighly Compensated Employees respectively are the averages, calculated to the nearest one-hundredth of a percentage point (.01%), of the ratios, calculated separately
to the nearest one-hundredth of a percentage point (.01%) for each Employee in the respective group, of the amount of Before-Tax Contributions and Roth 401(k) Contributions, excluding Catch-up Contributions (and Qualified Non-Elective Contributions
made under Paragraph 3.07(c)(x) for purposes of satisfying the Actual Deferral Percentage Test), paid under the Plan on behalf of each such Employee for such Plan Year, including Excess Deferrals, to the Employee’s Compensation for such
Plan Year (whether or not the Employee was a Participant for the entire Plan Year) but excluding Before-Tax Contributions and Roth 401(k) Contributions that are taken into account in the Actual Contribution Percentage Test. Only those Employees who
are eligible to elect Before-Tax Contributions or Roth 401(k) Contributions for all or a portion of the applicable Plan Year, or who would be so eligible absent a suspension in accordance with the terms of the Plan, are taken into account; any such
Employee who would be a Participant but for the failure to have Before-Tax Contributions or Roth 401(k) Contributions made on his behalf shall be treated as an eligible Employee on whose behalf no Before-Tax Contributions or Roth 401(k)
Contributions are made. 
 For purposes of this Section and except as otherwise provided in Treasury regulations, if the Plan
and any other plan which includes a cash or deferred arrangement (within the meaning of Code Section 401(k)) are aggregated for purposes of Code Section 410(b) (other than for purposes of the average benefit percentage test), the cash or
deferred arrangements in such plans (including the Plan) shall be treated as one (1) plan for purposes of calculating the Actual Deferral Percentage. Except as otherwise provided in Treasury regulations, if any Highly Compensated Employee who
is a Participant in this Plan also participates in any other cash or deferred arrangement (within the meaning of Code Section 401(k)) of the Company or an Affiliated Company, all such cash or deferred arrangements (including under the Plan)
shall be treated as one (1) cash or deferred arrangement with respect to such Participant. 

  
 30 

 (iv) Actual Deferral Percentage Test means the test described in
Paragraph 3.07(b)(i). 
 (v) Compensation shall mean, except as otherwise provided in the
definition of “Highly Compensated Employee”, a definition of compensation which satisfies Code Section 414(s) and regulations thereunder, and which is consistently used in any one Plan Year for purposes of this Section 3.07.

 (vi) Excess Aggregate Contributions mean, with respect to any Highly Compensated Employee for a
Plan Year, the excess of: 
 (A) The total After Tax Contributions andCompany Matching Contributions (and, where
applicable, Before-Tax Contributions and Roth 401(k) Contributions, taken into account under the Actual Contribution Percentage Test) made on behalf of such Highly Compensated Employee taken into account in computing the Actual Contribution
Percentage for such Plan Year, over 
 (B) The maximum amount of After Tax Contributions andCompany Matching Contributions
(and, where applicable, Before-Tax Contributions and Roth 401(k) Contributions, taken into account under the Actual Contribution Percentage Test) on behalf of such Highly Compensated Employee which are permitted by the Actual Contribution Percentage
Test. 
 (vii) Excess Contributions mean, with respect to any Highly Compensated Employee for a Plan Year,
the excess of: 
 (A) The total Before-Tax Contributions and Roth 401(k) Contributions made on behalf of such Highly
Compensated Employee taken into account in computing the Actual Deferral Percentage of Highly Compensated Employees for such Plan Year, over 
 (B) The maximum amount of such Before-Tax Contributions and Roth 401(k) Contributions, excluding Catch-up Contributions, on behalf of such Highly Compensated Employee which are permitted by the Actual
Deferral Percentage Test. 

  
 31 

 (viii) Excess Deferrals mean the Before-Tax Contributions and Roth
401(k) Contributions that are includible in a Participant’s gross income because they have exceeded the dollar limitation contained in Code Section 402(g). 
 (ix) Highly Compensated Employee means any Employee who performs service for the Company or an Affiliated Company during the determination year (as defined below) and who was:
(A) a Five-Percent Owner at any time during the current or preceding Plan Year, or (B) for the preceding Plan Year had Compensation from the Employer or an Affiliated Company in excess of $115,000 (as adjusted pursuant to Code
Section 414(q)). At the election of the Plan Administrator and, as provided for in Exhibit III, in a manner consistent with Code Section 414(q) and any regulations or other IRS pronouncements thereunder, clause (B) in the
preceding sentence can be limited to those Employees who are in the top twenty percent (20%) of Employees ranked on the basis of compensation for such look-back year. At the election of the Plan
Administrator, as provided for in Exhibit III, Compensation for the purpose of this Paragraph 3.07(a)(ix) may be determined on the basis of a calendar year, rather than the Plan Year. 

(x) To the extent required by applicable law “Highly Compensated Employee” shall also include a highly compensated former
employee, which is any employee who separated from service prior to the current Plan Year and who was either a Highly Compensated Employee in any determination year ending on or after the Employee’s attainment of age fifty five (55).

 For purposes of this definition, Compensation is as defined in Code Section 415(c)(3). 

(xi) Nonhighly Compensated Employee means any employee who is not a Highly Compensated Employee. 

  
 32 

 (xii) Qualified Non-Elective Contributions mean contributions made by
the Company described in Paragraph 3.07(c)(x). 
 (xiii) Five Percent Owner means an Employee
who shall be considered to be a Five Percent Owner for any Plan Year if at any time during such year such Employee was a five percent owner of the Employer, determined in accordance with the rules of Code Section 416(i)(1). 

(b) Nondiscrimination Tests. 

(i) Actual Deferral Percentage Test. Notwithstanding any provision herein to the contrary, the Actual Deferral
Percentage for the group of all eligible Highly Compensated Employees for each Plan Year must not exceed the greater of: 
 (A) the Actual Deferral Percentage for the previous Plan Year for the group of all eligible Nonhighly Compensated Employees multiplied by 1.25; or 

(B) the Actual Deferral Percentage for the previous Plan Year of such group of Nonhighly Compensated Employees multiplied by 2.0, but in
no event more than two (2) percentage points greater than the Actual Deferral Percentage for the previous Plan Year of such group of Nonhighly Compensated Employees. 
 The Vice President – Human Resources, by written notice to the Plan Administrator may elect to entirely exclude from the Actual Deferral Percentage test those Employees who could be excluded from
participation under the minimum age and service requirements of Code Section 410(a)(1)(A) (“early participation employees”), other than those early participation employees who are Highly Compensated Employees, to the extent permitted
under Code Section 401(k)(3)(F). Any such election shall be reflected in Exhibit III. 

  
 33 

 The Actual Deferral Percentage test set forth in this Paragraph 3.07(b)(i) shall be
performed in accordance with Code Section 401(k), the regulations thereunder, and any related IRS pronouncements, including IRS Notice 98-1 to the extent applicable. The Actual Deferral Percentage test set forth in this
Paragraph 3.07(b)(i) may be performed with current year Non-Highly Compensated Employee data, rather than prior year data, if so elected by the Employer. Any such election shall be made by the Vice-President – Human Resources and shall be
reflected in Exhibit III. 
 (ii) Actual Contribution Percentage Test. Notwithstanding any provision
herein to the contrary, the Actual Contribution Percentage for the group of all eligible Highly Compensated Employees for each Plan Year must not exceed the greater of: 

(A) The Actual Contribution Percentage for the previous Plan Year for the group of all eligible Nonhighly Compensated Employees
multiplied by 1.25; or 
 (B) The Actual Contribution Percentage for the previous Plan Year of such group of Nonhighly
Compensated Employees multiplied by 2.0, but in no event more than two (2) percentage points greater than the Actual Contribution Percentage for the previous Plan Year of such group of Nonhighly Compensated Employees. 

The Vice President – Human Resources, by written notice to the Plan Administrator may elect to entirely exclude from the Actual
Contribution Percentage Test those Employees who could be excluded from participation under the minimum age and service requirements of Code Section 410(a)(1)(A) (“early participation employees”), other than those early participation
employees who are Highly Compensated Employees, to the extent permitted under Code Section 401(m)(5)(C). Any such election shall be reflected in Exhibit III. 
 The Actual Contribution Percentage test set forth in this Paragraph 3.07(b)(ii) shall be performed in accordance with Code Section 401(m), the regulations thereunder, and any related IRS
pronouncements, including IRS Notice 98-1 to the extent applicable. The Actual Contribution Percentage test set forth in this 

  
 34 

 
Paragraph 3.07(b)(ii) may be performed with current year Non-Highly Compensated Employee data, rather than prior year data, if so elected by the Employer. Any such election shall be made by
the Vice President – Human Resources and shall be reflected in Exhibit III. 
 (iii) For purposes of
Paragraph 3.07(b), a Participant is a Highly Compensated Employee for a particular Plan Year if he or she satisfies the definition of a Highly Compensated Employee in effect for that Plan Year. Similarly, a Participant is a Nonhighly
Compensated Employee for a particular Plan Year if he or she does not satisfy the definition of a Highly Compensated Employee in effect for that Plan Year. 
 (c) Notwithstanding any other provision of the Plan to the contrary, the percentages of Annual Salary specified by a Participant in his Deferral Election shall be subject to adjustment or other corrective
measures by the Plan Administrator at any time and from time to time as follows: 
 (i) Before-Tax Contributions and Roth
401(k) Contributions, excluding Catch-up Contributions, shall not be accepted with respect to any Participant for a calendar year to the extent such Before-Tax Contributions and Roth 401(k) Contributions, together with any other elective
contributions of the Participant to a plan maintained by the Company or an Affiliated Company, exceed $9,500 (as adjusted in accordance with Code Section 402(g)); accordingly, the Plan Administrator shall adjust downward the percentage of
Annual Salary specified by a Participant in his Deferral Election to be contributed to the Plan as Before-Tax Contributions and Roth 401(k) Contributions, as may be necessary to prevent such Excess Deferrals. 

(ii) Before-Tax Contributions and Roth 401(k) Contributions, excluding Catch-up Contributions, for any Plan Year must satisfy the Actual
Deferral Percentage Test; accordingly, the Plan Administrator shall adjust downward the percentage of Annual Salary specified by a Participant in his Deferral Election, to the extent which the Plan Administrator in his sole discretion determines is
necessary to maintain the Plan’s compliance with the Average Deferral Percentage Test. 

  
 35 

 (iii) After Tax Contributions and Company Matching Contributions for any Plan Year must
satisfy the Actual Contribution Percentage Test (after taking into account any Before-Tax Contributions and Roth 401(k) Contributions included in such test pursuant to Paragraph 3.07(a)(i)); accordingly, the Plan Administrator shall adjust
downward the percentage of Annual Salary specified by a Participant in his Deferral Election to the extent which the Plan Administrator in his sole discretion determines is necessary to maintain the Plan’s compliance with the Actual
Contribution Percentage Test. 
 (iv) When a downward adjustment has been made pursuant to Paragraph (i), (ii), or
(iii) above, the Plan Administrator may thereafter adjust any such percentage upward to bring it up to or closer to the percentage specified in the Participant’s most recent Deferral Election whenever the Plan Administrator determines that
such an upward adjustment can be made without exceeding the limits described in Paragraph (i), (ii), or (iii). In the event of such upward adjustment, each affected Participant shall be given the opportunity to affirmatively elect to have such
higher percentage apply to him. 
 (v) Any downward or upward adjustment in the percentage of Annual Salary specified by a
Participant in his Deferral Election to be contributed to the Plan as Before-Tax Contributions and Roth 401(k) Contributions other than Catch-up Contributions shall, with the Participant’s consent and unless the Plan Administrator directs
otherwise, result in a corresponding increase or decrease, if the Participant is eligible, to Catch-up Contributions. 
 (vi)
If, after application of the above provisions of Paragraph 3.07(c), Excess Deferrals are made to the Plan, such Excess Deferrals shall be re-characterized as Catch-up Contributions to the extent that a Participant who is eligible to make
Catch-up Contributions has not reached the applicable Catch-up Contribution limit for the calendar year described in Section 3.02(c). Any Excess Deferrals remaining after application of the preceding sentence shall be returned to the
Participant with earnings through the end of the calendar year in accordance with 

  
 36 

 
Treasury Regulation §1.402(g)-1, no later than April 15 following the close of the calendar year in which such contributions were made. Distributions shall first be made from
Unmatched Contributions, excluding Catch-up Contributions, then from Matched Contributions. The return of any Matched Contributions shall be accompanied by a forfeiture of the related Company Matching Contributions and any income attributable
thereto. Such forfeited amounts shall be held by the Trustee in a suspense account and applied towards subsequent Company Matching Contributions. 
 (vii) After the close of a calendar year, but no later than the last Business Day before April 15 (or such earlier date required by Treasury regulations) following such calendar year, a Participant
who was also a participant in another plan to which the limitation on deferrals described in Code Section 402(g) applies may notify the Plan Administrator that the Participant has had deferrals contributed to the Plan and such other plan in
excess of such limitation for such preceding calendar year and shall inform the Plan Administrator of the amount of such Excess Deferrals. Such Participant may request a distribution of such Excess Deferrals. Such Excess Deferrals shall first be
re-characterized as Catch-up Contributions to the extent that a Participant who is eligible to make Catch-up Contributions has not reached the applicable Catch-up Contribution limit for the calendar year described in Section 3.02(c). Any Excess
Deferrals remaining after application of the preceding sentence shall be distributed with the earnings attributable thereto through the end of the calendar year in accordance with Treasury Regulation §1.402(g)-1 no later than the
April 15 following such notification. Distributions shall first be made from Unmatched Contributions, excluding Catch-up Contributions, and the return of any Matched Contributions shall be accompanied by a forfeiture of the related Company
Matching Contributions and any income attributable thereto. Such forfeited amounts shall be held by the Trustee in a suspense account and applied towards subsequent Company Matching Contributions. 

(viii) If, after application of the above provisions of Paragraph 3.07(c), Excess Contributions are made to the Plan, such Excess
Contributions shall be re-characterized as Catch-up Contributions to the extent that a Participant who is eligible to make Catch-up Contributions has not reached the 

  
 37 

 
applicable Catch-up Contribution limit for the calendar year described in Section 3.02(c). Any Excess Contributions and the earnings attributable thereto through the end of the calendar year
remaining after application of the preceding sentence shall be distributed to Highly Compensated Employees making such Excess Contributions no later than December 15 following the close of such Plan Year. The Highly Compensated Employee with
the largest amounts of Before-Tax Contributions and Roth 401(k) Contributions shall have his Before-Tax Contributions and Roth 401(k) Contributions, excluding Catch-up Contributions, reduced to the greater of: (A) the highest dollar amount of
Before-Tax Contributions and Roth 401(k) Contributions, excluding Catch-up Contributions, that can be made without violating the limit of Paragraph 3.07(b)(i), or (B) the next highest dollar amount of Before-Tax Contributions and Roth
401(k) Contributions, excluding Catch-up Contributions, of any other Highly Compensated Employee. Such process is repeated until Paragraph 3.07 (b)(i) is satisfied in accordance with Treasury Regulation §1.401(k)-1(f)(4)(ii). Distributions
shall first be made from Unmatched Contributions, excluding Catch-up Contributions, then from Matched Contributions. The return of any Matched Contributions shall be accompanied by a forfeiture of the related Company Matching Contributions and any
income attributable thereto. Such forfeited amounts shall be held by the Trustee in a suspense account and applied towards subsequent Company Matching Contributions. 
 (ix) If, after application of the above provisions of Paragraph 3.07(b)(ii), Excess Aggregate Contributions are made to the Plan, such Excess Aggregate Contributions shall be re-characterized as
Catch-up Contributions to the extent that a Participant who is eligible to make Catch-up Contributions has not reached the applicable Catch-up Contribution limit for the calendar year described in Section 3.02(c). Any Excess Aggregate
Contributions and the earnings attributable thereto through the end of the calendar year remaining after application of the preceding sentence shall be distributed to Highly Compensated Employees making such Excess Aggregate Contributions no later
than December 15 following the close of the Plan Year. The Highly Compensated Employee with the largest amounts of contributions taken into account in computing the Actual Contribution Percentage Test (“ACP contributions”) shall have
his ACP contributions reduced to the greater of: (A) the 

  
 38 

 
highest dollar amount of ACP contributions that can be made without violating the limit of Paragraph 3.07(b)(ii), or (B) the next highest dollar amount of ACP contributions of any other
Highly Compensated Employee. Such process is repeated until Paragraph 3.07(b)(ii) is satisfied in accordance with Treasury Regulation §1.401(m)-1(e)(3)(iv). 
 (x) Notwithstanding any other provision of this Section 3.07 or of the Plan to the contrary, the Employer may, by action of the Company, determine to make a special Employer contribution (a
“Qualified Non-Elective Contribution”) to the Plan for the account of certain Participants who are Nonhighly Compensated Employees in order to maintain the Plan’s compliance with the non-discrimination requirements of Code
Sections 401(k) and 401(m) and in lieu of (or in combination with) making the adjustment in the percentage of Annual Salary specified by Participants in their Deferral Elections or returning Contributions as provided in this Section 3.07.
Any such Qualified Non-Elective Contribution shall be in such amount as is determined by the Company and will be allocated as determined by the Company to the individual accounts of Participants who are Nonhighly Compensated Employees and who
actively contributed to the Plan during, and are Employees at the end of, the Plan Year for which such contribution is made. Any such Qualified Non-Elective Contribution shall be nonforfeitable and shall be treated for all purposes as a Before-Tax Contribution under the Plan, including for purposes of the limitations on distribution described in this Article 3, except that such contribution shall not be applied against or counted for purposes
of determining compliance with the percent limitation on Before-Tax Contributions in Section 3.02, the combined percent limitation on Before-Tax Contributions and Roth 401(k) Contributions contained in Section 3.02, or the limitation on
Before-Tax Contributions and Roth 401(k) Contributionscontained in this Section 3.07. Any such Qualified Non-Elective Contribution shall be made to the Trustee no later than the last day of the Plan Year
next succeeding the Plan Year for which the contribution is made, and may be made in whole or in part in cash or in shares of Company Stock. Payment of any such Qualified Non-Elective Contribution (whether in the form of cash or Company Stock) for a
Plan Year which is made by the Employer after the close of such Plan Year shall be treated by the Plan in the same manner as if it were received on or before the last day of such Plan Year. 

  
 39 

 3.08 In- Service Withdrawals by Participants of After-Tax Contributions,
Rollover Contributions, Company Matching Contributions, Before-Tax and Catch-up Contributions and Roth 401(k) Contributions. The following Section 3.08 shall apply with respect to a Participant who has not separated from service with
the Employer. 
 (a) Age 59  1/2 Withdrawal. Upon attainment of age 59  1/2 and upon application to the Trustee, a Participant may withdraw all available amounts credited to any After-Tax Contributions account, to any Rollover Contributions Account, to any Company Matching
Contributions Account, or to any Before-Tax Contributions Account. The Participant may also withdraw all available amounts credited to any Roth 401(k) Contribution Account or Roth Rollover Account. The Plan Administrator shall withdraw the amount
requested first from all available funds in any After-Tax Contributions account, second from all available funds in any Rollover Contributions Account, third from all available funds in any Company Matching Contributions Account, fourth from all
available funds in any Before-Tax Contributions Account or Roth 401(k) Contribution Account, and finally from all available funds in his Roth Rollover Account. 

(i) An individual who attains age 59  1/2 may take such Age 59  1/2 Withdrawal once during each 12 month period. Any individual who attains age 59  1/2 and who takes such Age 59  1/2 Withdrawal during a twelve month period, if applicable, remains eligible to take an additional distribution pursuant to
Section 3.08(b),(c),(d), and (e) during such 12 month period. 
 (ii)
An individual who takes an Age 59
 1/2 Withdrawal shall not have his election to make Before-Tax Contributions or Roth 401(k) Contributions, including Catch-up Contributions, be affected by such withdrawal. 

(b) Hardship Withdrawal. Upon application to the Trustee, a Participant who qualifies for a hardship
withdrawal may withdraw all available  

  
 40 

 
amounts credited to any After-Tax Contributions account, to any Rollover Contributions Account, any Roth Rollover Contribution Account, to any Company Matching Contributions Account or to any
Before-Tax Contributions Account or Roth 401(k) Contribution Account. The Plan Administrator shall withdraw the amount requested first from all available funds in any After-Tax Contributions account, second from all available funds in any Rollover
Contributions Account, third from all available funds in any Company Matching Contributions Account, fourth from all available funds in any Before-Tax Contributions Account or any Roth 401(k) Contribution Account, and finally from all available
funds in the Roth Rollover Contributions Account 
 (i) A withdrawal will be deemed to constitute a
hardship withdrawal if: (1) the Participant has an immediate and heavy financial need; and (2) a distribution from the Plan is necessary to meet that need. A Participant will be treated as having an immediate and heavy financial need only
if the funds are required to cover one of the following: 
 (A) Expenses for medical care described in Code Section 213(d)
previously incurred by the Participant or the Participant’s spouse or dependents (as defined in Code Section 152) or necessary for these persons to obtain such medical care, or, effective October 1, 2007, expenses for medical care
previously incurred by a primary Beneficiary of the Participant or expenses necessary for a primary Beneficiary to obtain such medical care; 
 (B) Costs directly related to the purchase (excluding mortgage payments) of a principal residence for the Participant; 
 (C) Post-secondary education tuition, related educational fees, and room and board expenses for the Participant or the Participant’s spouse, children, or other dependents (as defined in Code
Section 152) for the next twelve (12) months, or, effective October 1, 2007, such fees and expenses for a primary Beneficiary of the Participant for the next twelve (12) months; 

  
 41 

 (D) Payment of amounts necessary to prevent the eviction of the Participant from his
principal residence or foreclosure on the mortgage of the Participant’s principal residence; 
 (E) Effective
October 1, 2006, payments for funeral or burial expenses for a deceased parent, spouse, child or dependent, and effective October 1, 2007, such payments for a primary Beneficiary of the Participant; 

(F) Effective October 1, 2006, repair to a principal residence for damage that would qualify for the casualty deduction under Code
Section 165 (determined without regard to whether the loss exceeds 10 percent of adjusted gross income); or 
 (G) Any
other purposes for which the Internal Revenue Service specifically determines, under the authority given to it under Treasury Regulation §1.401(k)-1(d)(3)(v), that such circumstances constitute an immediate and heavy financial need. 

(ii) For the purposes of this section, a “primary Beneficiary” is an individual who is named as a Beneficiary under the Plan
and has an unconditional right to all or a portion of the Participant’s account balance under the Plan upon the death of the Participant. 
 (iii) If an immediate and heavy financial need is deemed to exist, a distribution from the Plan will be deemed necessary to meet such need if, and only if, the following conditions are met: 

(A) the distribution is not in excess of the amount of the immediate and heavy financial need of the Participant, including amounts
necessary to pay any federal, state, or local income taxes or penalties reasonably anticipated to result from the distribution; 
 (B) the Participant has obtained all distributions, other than hardship distributions, and has applied for all nontaxable (at the time of the loan) loans currently available under all plans maintained by
the Company or an Affiliated Company; and 

  
 42 

 (C) the Participant will be prohibited from making elective contributions (as defined in
Treas. Reg. §1.401(k)-6) or receiving employer contributions (as defined in Treas. Reg. §1.401(m)-1(f)(6)) to any qualified or non-qualified deferred compensation plans maintained by the Company or an Affiliated Company (as
determined in accordance with Treas. Reg. §1.401(k)-1(d)(3)(iv)(E)(2)) for six (6) months commencing as soon as administratively possible following the hardship withdrawal. 

(iv) No hardship withdrawal of earnings on Before-Tax, Roth 401(k) Contributions, or Catch-up Contributions shall be permitted to the
extent that such earnings are attributable to periods after December 31, 1988. 
 (c)
Qualified Reservist Distribution. Upon application to the Trustee, a Participant who meets the requirements of Code Section 72(t)(2)(G)(iii) may withdraw all or a portion of the amounts available in any Before-Tax Contributions
Account or Roth 401(k) Contributions Account. Any individual who meets the requirements to receive a Qualified Reservist Distribution and who takes such Qualified Reservist Distribution during a twelve month period, if applicable, remains eligible
to take an additional distribution pursuant to Section 3.08(a), (b), (c), (d), and (e) during such 12 month period. An individual who takes a Qualified Reservist Distribution shall not have his election to make Before-Tax Contributions,
including Catch-up Contributions, or After-Tax Contributions be affected by such withdrawal. 

  
 43 

 (d) Heroes Earnings Assistance and Relief Tax Act of 2008. A
Participant who meets the requirements of Section 3.16(d) shall have a distribution event pursuant to Section 3.10. A Participant who takes such distribution will be prohibited from making elective contributions (as defined in Treas.
Reg. §1.401(k)-6) or receiving employer contributions (as defined in Treas. Reg. §1.401(m)-1(f)(6)) to any qualified or non-qualified deferred compensation plans maintained by the Company or an Affiliated Company (as determined
in accordance with Treas. Reg. §1.401(k)-1(d)(3)(iv)(E)(2)) for six (6) months commencing as soon as administratively possible following such distribution. 

(e) Other In-Service Withdrawals. 

(i) After-Tax Contributions. Upon application to the Trustee at any time no sooner than twelve (12) months
after any earlier withdrawal by such Participant of After-Tax Contributions under Section 3.08(e)(i), Rollover Contributions under Section 3.08(e)(ii), or Company Matching Contributions under Section 3.08(e)(iii), a Participant may withdraw amounts
then credited to his After-Tax Contributions account but excluding earnings on these amounts and provided such amounts have been in the Plan for at least two years.  
 There shall be no suspension of the withdrawing Participant’s right to make Before-Tax Contributions or After-Tax Contributions following a withdrawal under this Paragraph 3.08(e)(i).

 (ii) Rollover Contributions. Upon application to the Trustee at any time no sooner than twelve
(12) months after any earlier withdrawal by him under this Section 3.08(e)(ii), After-Tax Contributions under Section 3.08(e)(i), or Company Matching Contributions under Section 3.08(e)(iii), a Participant may withdraw all or a portion of the
amounts then credited to his Rollover Contributions account; provided, however, that such Participant shall first have withdrawn, or shall have applied to make a concurrent withdrawal of all eligible amounts credited to his After-Tax Contributions
account. There shall be no suspension of the withdrawing Participant’s right to make Before-Tax Contributions or Roth 401(k) Contributions following a withdrawal under this Paragraph 3.08(e)(ii). 

(iii) Company Matching Contributions. Upon application to the Trustee at any time no sooner than twelve
(12) months after any earlier withdrawal by him under this Section 3.08(e)(iii), After-Tax Contributions under Section 3.08(e)(i), or Rollover Contributions under Section 3.08(e)(ii), a Participant may withdraw amounts 

  
 44 

 
then credited to his Company Matching Contributions account but excluding earnings on these amounts and provided such amounts have been in the Plan for at least two years; provided, however, that
such Participant shall first have withdrawn, or shall have applied to make a concurrent withdrawal of all his eligible After-Tax Contributions and his Rollover Contributions . There shall be no suspension of the withdrawing Participant’s right
to make Before-Tax Contributions or Roth 401(k) Contributions following a withdrawal under this Paragraph 3.08(e)(iii). 

(iv) Roth Rollover Contributions. Upon application to the Trustee at any time no sooner than twelve (12) months
after any earlier withdrawal by him under this Section 3.08(e)(ii), After-Tax Contributions under Section 3.08(e)(i), or Company Matching Contributions under Section 3.08(e)(iii), a Participant may withdraw all or a portion of the amounts then
credited to his Roth Rollover Contributions account; provided, however, that such Participant shall first have withdrawn, or shall have applied to make a concurrent withdrawal of all eligible amounts credited to his After-Tax Contributions Account.
There shall be no suspension of the withdrawing Participant’s right to make Before-Tax Contributions or Roth 401(k) Contributions following a withdrawal under this Paragraph 3.08(e)(ii). 

(f) Before-Tax Contributions. A Participant cannot withdraw amounts credited to his Before-Tax
Contribution accounts, except that a Participant may withdraw all or a portion of such amounts pursuant to Sections 3.08(a), 3.08(b), 3.08(c) and 3.16. 
 (g) Roth 401(k) Contributions. A Participant cannot withdraw amounts credited to his Roth 401(k) Contribution Account, except that a Participant may withdraw all or a portion of such
amounts pursuant to Sections 3.08(a), 3.08(b), 3.08(c) and 3.16. 
 (h) Withdrawal
Procedures. The Plan Administrator shall establish administrative procedures for obtaining withdrawals. 

  
 45 

 3.09 Loans to Participants. Upon application to the Trustee by a
Participant or Beneficiary who is not a Party in Interest, the Plan Administrator may authorize the Trustee to make a loan or loans to such Participant or Beneficiary. Any such loans shall be subject to at least the following requirements:

 (a) Loans shall be made available on a uniform and nondiscriminatory basis. 

(b) Loans must bear a reasonable interest rate which will be determined by the Plan Administrator and which will be fixed
for the term of the loan. All loans will be secured by up to fifty percent (50%) of the borrower’s vested Plan accounts (determined as of the time of the loan). 

(c) The minimum loan amount is $1,000. 

(d) No loan can be made to the extent that such loan, when added to the outstanding balance of all other loans to the
borrower under this Plan and any other plan of the Company or an Affiliated Company, would exceed the lesser of: (i) fifty thousand dollars ($50,000), reduced by the excess of (A) the highest outstanding balance of loans to the borrower
from the Plan and such other plans during the one-year period ending on the day before the date the loan is made over (B) the outstanding loan balance on the date the loan is made, or (ii) one-half
of the vested value of the borrower’s accounts under this Plan and such other plan(s). In addition, no loan under this Plan, when added to any existing loans hereunder, shall exceed the value of the amounts credited to the borrower’s
After-Tax Contributions, Before-Tax Contributions, Roth 401(k) Contribution and Company Matching Contributions Accounts, plus the borrower’s vested Company Core Contribution Account. 

(e) Any loan shall, by its terms, require repayment within five (5) years unless such loan is used to acquire a
dwelling unit which, within a reasonable time (determined at the time the loan is made), will be used as the principal residence, within the meaning of Code Section 121, of the borrower, in

  
 46 

 
which case the loan shall be repaid within such period as may be established by the Vice President – Human Resources. Notwithstanding the above, all loans shall be immediately due and
payable upon the Participant’s severance from employment with the Company and all Affiliated Companies, unless, at the discretion of the Plan Administrator, such loan is directly rolled over to a qualified plan of a subsequent employer of the
Participant pursuant to an agreement between the Company and the subsequent employer. The maximum number of loans which a borrower may have outstanding at one time is one residential and one non-residential loan. 

(f) Certain fees apply when obtaining a loan through the Plan. Such fees, as they are in effect from time to time, will
be set forth in the Summary Plan Description or in loan documentation provided to the borrower. 
 (g) Repayment
of Participant loans shall be by payroll deduction or other method approved by the Plan Administrator on a level amortized basis with repayments made as specified in the loan documentation, but, in all cases, at least quarterly; except that a
borrower may prepay in full the outstanding balance of his loan at any time in accordance with procedures established by the Plan Administrator. Loan repayments may be suspended for one year during a Participant’s authorized unpaid leave of
absence, or during such other period permitted by applicable law. Loan repayments may be suspended as permitted under Code Section 414(u)(4) for any period in which the Participant is on a qualified military leave. 

(h) Loans must be evidenced by a written promissory note. In the event that a borrower fails to make
a required payment when due, the loan shall be in default if the borrower fails to become current in his payments within ninety (90) days of such missed payment, or, if earlier, the default date as indicated in the loan documentation. Upon
default, the outstanding principal balance of the loan and all accrued interest thereon will be immediately due and payable, and will be satisfied from the borrower’s Plan accounts (at such time(s) as permitted by applicable law) upon the
occurrence of a Distribution Event or upon the Participant’s attainment of age fifty-nine and one-half
(59 1/2). 

  
 47 

 (i) Each loan shall be a separate investment of the borrower’s Plan
accounts. The amount of the loan will first reduce the borrower’s Before-Tax, and Catch-up Contributions Accounts, then the borrower’s After-Tax Contributions Account, then the borrower’s Rollover Contributions Account, then the
borrower’s Company Matching Contributions Account, then the borrower’s vested Company Core Contributions Account, then the Roth 401(k) Account and then the Roth Rollover Account. Amounts within the Plan accounts allocated to each
Participant Investment Fund also shall be reduced ratably. 
 (j) Loan repayments, including both principal and
interest, shall be credited back to the source from which the loan was redeemed. All payments shall be allocated among the Participant Investment Funds in accordance with the borrower’s most recent investment direction election for new
contributions. 
 Notwithstanding the foregoing, loans made pursuant to this Section 3.09 may be subject to such additional
uniform and nondiscriminatory rules as may from time to time be adopted by the Board, the Investment Committee or the Plan Administrator, which rules shall comply with the Code, ERISA, and other applicable law and may impose limitations on, or
requirements for obtaining Plan loans which are in addition to or more restrictive than those limitations and requirements set forth above in this Section 3.09. 
 3.10 Distributions Following Distribution Events.  
 (a) Except as otherwise provided for in Paragraph 3.10(d) herein, after a Distribution Event other than death occurs as to the Participant, the following will apply: 

(i) All amounts credited to such Participant’s Accounts shall be retained in the Plan until the earliest of the Participant’s
death, the Participant’s consent to and application for the Trustee to distribute the aggregate amounts in all of 

  
 48 

 
Participant’s Plan Accounts to him in a lump sum or the Participant’s consent to and application for the Trustee to commence distribution of installment payments of his account to him
in accordance with Section 5.01. Notwithstanding the preceding sentence, distributions of a Participant’s Plan accounts shall commence no later than April 1 of the calendar year following his attainment of age 70 1/2. Participants who attain age 70 1/2 on or after January 1, 2003, and continue employment with the Employer beyond age 70 1/2 may defer commencement of distribution under this Section until no later than April 1st of the calendar year following the calendar year in which the Participant retires. Notwithstanding the above, any
required distributions after age 70
 1/2 that are due to be paid in calendar year 2009 shall be waived unless an affirmative election to receive the distribution has been made by the Participant. 

(ii) In the event that the Participant consents to a lump sum distribution of the aggregate amounts in all of his Plan accounts, by
filing an election with the Trustee effective on or after the date of (A) the Participant’s termination of employment with the Company or an Affiliated Company, or (B) a Distribution Event as to the Participant, the Participant shall
receive a distribution of all amounts credited to such Participant’s Plan accounts, in the manner described in Section 5.01. In addition, a second distribution of any amount subsequently credited to a Participant’s Company Matching
Contributions Account in accordance with Section 3.03 or to a Participant’s Company Core Contributions Account in accordance with Section 3.04 shall be made as soon as practicable after actual receipt by the Trustee of the Company
Stock or cash contribution. 
 (b) In the event of the Participant’s death, the Participant’s
Beneficiary shall receive a distribution of all amounts credited to the Participant’s Plan Accounts according to the distribution elections provided in Section 5.01. Subject to Paragraph 3.10(d), such distribution shall be made as
soon as practicable after the Participant’s death. 

  
 49 

 (c) Notwithstanding the previous paragraphs of this Section 3.10, if
the aggregate vested amount credited to the Participant’s Plan Accounts does not exceed $1,000, such amount will, subject to Paragraph (d) below, be distributed to the Participant (or, in the case of the Participant’s death, the
Participant’s Beneficiary or Beneficiaries) in the manner provided in Section 5.01. 
 (d) At least
thirty (30) days, but no more than one hundred eighty (180) days, before a distribution is made to a Participant, a Participant shall be given notice of: (1) his ability to delay distribution in accordance with
Paragraph 3.10(a)(i) above (if applicable), (2) his ability to elect a direct rollover in accordance with Section 5.03, and (3) for former participants of the IGS Savings Plan, the ability to elect the optional forms of payment
as provided in Exhibit II. At least thirty (30) days, but no more than one hundred eighty (180) days, before benefits begin to a Beneficiary (including an alternate payee under a Qualified Domestic Relations Order), such Beneficiary
must be given notice of his ability to elect a direct rollover under Section 5.03. A distribution may be made less than thirty (30) days after receipt of the notice required by this Paragraph 3.10(d); provided that: (i) the
notice clearly informs the Participant or Beneficiary of the right to consider the decision regarding distribution or direct rollover for a period of thirty (30) days after the notice is provided, and (ii) after receiving the notice, the
Participant or Beneficiary waives the thirty (30) day period by electing a distribution. 
 3.11 Distributions
Pursuant to a Qualified Domestic Relations Order. Notwithstanding any other provisions of the Plan, following the Plan Administrator’s determination that a domestic relations order received by the Plan Administrator and applicable to a
Participant and any of such Participant’s Plan accounts is a Qualified Domestic Relations Order, such distribution or distributions shall be made from such Participant’s Plan account or accounts, in accordance with such Qualified Domestic
Relations Order and the Plan’s Qualified Domestic Relations Order procedures, and in the manner described in Section 5.01, to the alternate payee or payees specified in such Qualified Domestic Relations Order. If so specified in a
Qualified Domestic Relations Order, a distribution to an alternate payee may be made prior to the date on which the Participant attains his “earliest retirement age” (as defined in Code Section 414(p)(4) and ERISA
Section 206(d)(3)(E)). 

  
 50 

 3.12 Rollovers into the Plan. Each Employee who is eligible pursuant to
Paragraph 3.01(a) to participate in the Plan, and any other Employee who is expected to become eligible to participate in the Plan who has received an eligible rollover distribution described in Code Section 402(c)(4), may make a cash
contribution to the Plan (a “Rollover Contribution” or “Roth Rollover Contribution”) of all or a portion of any such rollover distribution, provided that: (a) the acceptance of such Rollover Contribution will not adversely
affect the continued qualified status of the Plan, and (b) the Plan Administrator in due course receives all the documentation and other relevant information pertaining to such Rollover Contribution or Roth Rollover Contribution deemed
necessary by the Plan Administrator for the proper administration of the Plan. Notwithstanding the above, the Plan does not accept After-Tax Contributions that are a part of an eligible rollover distribution. The Plan does accept Roth Rollover
Contributions. Any such Rollover Contribution shall not be taken into account for purposes of determining: (i) the limitations set forth in Sections 3.02, 3.07, and 3.14; (ii) whether the Plan is “top-heavy” (as such term is
defined in Code Section 416(g), unless the Rollover Contribution originates from the plan of the Company or an Affiliated Company); or (iii) the Company Matching Contributions under Section 3.03. For the period during which an
Employee is not otherwise a Participant, such Employee shall be treated as a Participant solely for the purpose of and with respect to such Rollover Contribution. 
 3.13 Plan-to-Plan Transfers; Plan Mergers. At the discretion of the Investment Committee, the Trustee may accept directly from a trustee or custodian any or all of the assets,
including outstanding participant loans, held under another plan which is qualified under Code Section 401(a) for the benefit of Participants or any other Employees who are expected to become Participants, either as a part of a transfer of
assets from the trust for such other plan or a merger of such other plan with the Plan, provided that: (a) the acceptance of such transferred assets will not adversely affect the continued qualified status of the Plan, (b) the Plan
Administrator in due course receives  

  
 51 

 
all the documentation and other relevant information pertaining to such transferred assets deemed necessary by the Plan Administrator for the proper administration of the Plan, and (c) any
other conditions or requirements which may be established by the Investment Committee or the Plan Administrator are satisfied. Any assets which were held by the transferor plan under a qualified cash or deferred arrangement, as such term is defined
in Code Section 401(k), shall be treated as Before-Tax Contributions. Any assets which were held by the transferor plan as Roth Contributions as that term is defined in Code Section 402A shall be treated as Roth 401(k) Contributions. Any
assets which were held by the transferor plan pursuant to an election to make employee Catch-up Contributions shall be treated as Catch-up Contributions. Any assets which were held by the transferor plan pursuant to an election to make employee
after-tax contributions shall be treated as After-Tax Contributions. Any other transferred assets shall be treated as Rollover Contributions or Roth Rollover Contributions for all purposes under the Plan, except that such transferred assets shall
not be taken into account for purposes of determining: (i) the limitations set forth in Section 3.02, 3.07, and 3.14; (ii) whether the Plan is “top-heavy” (as such term is defined in Code Section 416(g), unless the
transferor plan is a plan of the Company or an Affiliated Company); or (iii) the Company Matching Contributions under Section 3.03. 
 Notwithstanding any contrary provisions of Section 3.08, the withdrawal by a Participant of any or all of such transferred assets or any other assets derived from the investment thereof shall not
result in a suspension of such Participant’s right to make contributions to the Plan or to have contributions made on his behalf under the Plan. Alternate forms of benefits, and other benefits, rights, and features under the transferor or
merged plan (including those identified in Section 5.05) shall be continued to the extent required to comply with ERISA and the Code. For the period during which an Employee is not otherwise a Participant, such Employee shall be treated as a
Participant solely for the purpose of and with respect to the portion of such transferred assets allocated to his Plan account. 

  
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 3.14 Limitation on Annual Additions to Participants’ Accounts.

 (a) Definitions. For purposes of this Section 3.14, the following definitions
shall apply: 
 (i) Annual Additions mean, in the case of this Plan and any other Defined
Contribution Plan maintained by the Company or an Affiliated Company, the aggregate of: (A) the amount of Company and Affiliated Company contributions including, but not limited to, Before-Tax Contributions and Roth 401(k) Contributions,
excluding Catch-up Contributions, and Company Matching Contributions, Company Core Contributions, Qualified Non-Elective Contributions (as defined in Paragraph 3.07(a)(xiii)), and any forfeitures allocated to a Participant’s account during
the Plan Year but excluding any amounts returned to a Participant under Treasury Regulation §1.402(g)-1(e)(2) or (3), (B) the amount of a Participant’s After-Tax Contributions and any other after-tax contributions to a plan of
the Company or an Affiliated Company, (C) amounts described in Code Sections 415(l)(1) and 419A(d)(2). 

(ii) Participant’s Compensation means compensation which is paid to the Participant by the Company or an
Affiliated Company for the Plan Year and which is required to be reported as wages for Federal income tax purposes on the Participant’s Form W-2. Participant’s Compensation shall also include any Before-Tax Contributions, and any amount
which is contributed or deferred by the Employer at the election of the Participant and which is not includible in the gross income of the Participant under Code Sections 125 or 457. Notwithstanding the above, effective October 1, 2007,
“Participant’s Compensation” shall not exceed the limitation provided under Code Section 401(a)(17) as adjusted pursuant to Code Section 401(a)(17)(B) for any Plan Year. 

(b) Basic Limitation. Notwithstanding anything to the contrary contained in this Plan, the Annual
Additions allocated to a Participant under the Plan and any other Defined Contribution Plan maintained by the Company or an Affiliated Company in respect of any Plan Year (which shall be the limitation year) shall not exceed in the aggregate the
lesser of $40,000 (as adjusted by Code Section 415(d)) or 100% of the Participant’s Compensation for such Plan Year.  

  
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 (c) Additional Rules. Notwithstanding the foregoing,
effective for plan years beginning before October 1, 2007, if the Participant’s Annual Addition to this Plan for any Plan Year would exceed the limitations of this Section 3.14 because of the allocation of forfeitures, a reasonable
error in estimating a Participant’s Compensation, a reasonable error in estimating the amount of Before-Tax Contributions, or for other reasons as permitted by the Commissioner of Internal Revenue, the excess of such Annual Addition over the
amount which is permissible under this Section 3.14 shall be disposed of as follows: After-Tax Contributions and, if necessary, Before-Tax Contributions (in that order), and gains or other earnings allocable thereto, to the extent they would
reduce the excess amount, will be returned to the Participant, while any Company Matching Contributions attributable thereto and any earnings on such Company Matching Contributions shall be forfeited, placed in a suspense account, and applied
towards subsequent Company Matching Contributions. For Plan Years beginning on and after October 1, 2007, any correction of excess contributions will be made pursuant to Section 7.04.  

3.15 Application of Top-Heavy Provisions. The Plan will be a top-heavy plan if: (a) the Plan is not required to be aggregated with any other plan under Paragraph 3.15(b)(i), and if the sum of the accounts of Participants who are “Key Employees” exceeds
60 percent of the sum of the accounts of all employees (subject to adjustment below), or (b) if the Plan must be aggregated with one or more other plans under Paragraph 3.15(b)(ii), and if the Plan is part of a top-heavy group;
provided, however, that the Plan will not be a top-heavy plan if it is a member of a group of plans described in Paragraph (b)(iii) below which is not a top-heavy group. In the event that the Plan becomes top-heavy, the minimum benefit
requirement of Paragraph 3.15(e) shall become applicable.  
 The date for determining the applicability of this
Section 3.15 for any Plan Year is the last day of the preceding Plan Year (“determination date”). 

  
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 The date for determining the value of the employees’ accounts (“valuation
date”) shall be the determination date. 
 (a) Key Employees. For purposes of this
Section 3.15, the term “Key Employee” means any employee or former employee (or a beneficiary of either in the event that such employee or former employee is deceased) who at any time during a Plan Year or any of the four preceding
Plan Years is: 
 (i) An officer of the Company or an Affiliated Company having annual compensation greater than
$130,000 (as adjusted by Code Section 416(i)(1)(A)); provided, however, that no more than the lesser of (A) fifty (50) employees, or (B) the greater of three (3) employees or 10 percent of all employees are to be
treated as officers; 
 (ii) A 5 percent owner of the Company or an Affiliated Company; or 

(iii) A 1 percent owner of the Company or an Affiliated Company having an annual compensation of more than one hundred fifty
thousand dollars ($150,000). 
 For purposes of this Paragraph 3.15(a), an employee’s compensation shall mean
compensation as determined under Code Section 414(q)(4). 
 An employee shall be considered to own more than a
5 percent interest if the employee owns more than 5 percent of the Company’s or an Affiliated Company’s outstanding stock or stock possessing 5 percent of the total combined voting power of all of the stock of the Company or
an Affiliated Company. An employee shall also be treated as owning stock owned by certain members of the employee’s family as provided in Code Section 318, as modified by Code Section 416(i)(1)(B). The same rules shall apply to
determine whether an employee is a 1 percent owner. If an employee ceases to be a Key Employee, such employee’s account shall be disregarded as an account of a Participant who is a Key Employee under the top-heavy plan computation for any
Plan Year following the last Plan Year for which such employee was treated as a Key Employee. 

  
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 (b) Top-Heavy Group. For purposes of determining
whether the Plan is part of a top-heavy group as referred to above in this Section 3.15, the following rules shall apply: 
 (i) All plans maintained by the Company or an Affiliated Company which cover a Key Employee and any other plan which enables a plan covering a Key Employee to meet the requirements of Code
Sections 401(a)(4) or 410 shall be aggregated to determine whether the plans, as a group, constitute a top-heavy group. 

(ii) An aggregation group shall be a top-heavy group if, as of the determination date, the sum of (A) the accounts of Key Employees
under all defined contribution plans included in the group and (B) the present value of the accumulated accrued benefits for Key Employees under all defined benefit plans in the group, exceeds 60 percent of the sum of such accounts and
present values for all employees under all such plans in the group. If the aggregation group is not a top-heavy group, no plan in the aggregation group shall be a top-heavy plan. 

(iii) In any Plan Year, in testing for top-heaviness under this Paragraph 3.15(b), the Employer may in its discretion expand the
aggregation group to take into account any other plan maintained by it or an Affiliated Company, so long as such expanded aggregation group continues to meet the requirements of Paragraphs 401(a)(4) and 410 of the Code. If the expanded
aggregation group is not a top-heavy group (as determined in accordance with the preceding paragraph), no plan in such expanded aggregation group shall be a top-heavy plan. 

(c) Additional Rules. In determining the present value of the accumulated accrued benefits under a
Defined Benefit Plan and the sum of the account balances under a Defined Contribution Plan, both Company and Affiliated Company contributions and employee contributions shall be taken into account. 

  
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The present value of the accrued benefit in a Defined Benefit Plan or the account balance in a Defined Contribution Plan shall include any amount distributed to an employee within the one-year
period ending on the determination date for the Plan Year, except for in-service withdrawals. The present value of the accrued benefit in a Defined Benefit Plan shall be calculated for any employee other than a Key Employee under (a) the
method, if any, that uniformly applies for accrual purposes under all plans maintained by the Company or an Affiliated Company, or (b) if there is no such method, an accrual rule rate which is not more rapid than the slowest accrual rate
allowed under the fractional accrual rate of Code Section 411(b)(1)(C). If there is more than one Defined Benefit Plan in an aggregation group, the actuarial assumptions used for such Defined Benefit Plans must be the same. If an employee has
not performed services for the Company or an Affiliated Company during the one-year period ending on the determination date for the Plan Year, any accrued benefit or account balance for such individual shall not be taken into account. 

(d) Vesting Requirements. If this Plan is determined to be top-heavy in any Plan Year under the
provisions of this Section 3.15, account balances will be or become fully vested in accordance with the vesting schedules under Sections 3.02, 3.03, and 3.05, or, if earlier, after a Participant completes at least three (3) Years of
Vesting Service. 
 (e) Minimum Benefit. If this Plan is determined to be top-heavy
in any Plan Year under the provisions of this Section 3.15, then the Employer’s contribution for such Plan Year to be allocated to each Participant who is not a Key Employee and is not covered by a collective bargaining agreement in such
Plan Year shall not be less than three (3) percent of such Participant’s compensation (as defined in Treasury Regulation §1.415(c)-2) or such lesser percentage (taking into account Before-Tax Contributions and Roth 401(k)
Contributions, excluding Catch-up Contributions, and Company Matching Contributions and Company Core Contributions) as may be made with respect to the Key Employee who had the highest such percentage in such Plan Year. 

  
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 3.16 Heroes Earnings Assistance and Relief Tax Act of 2008 

 

	 	(a)	Death Benefits. In the case of a death occurring on or after January 1, 2007, if a Participant dies while performing qualified military service (as defined in Code
Section 414(u)), the survivors of the Participant are entitled to any additional benefits (other than benefit accruals relating to the period of qualifying military service) provided under the Plan as if the Participant had resumed and then
terminated employment on account of death. 

  

	 	(b)	Differential Wage Payments. For years beginning after December 31, 2008, (i) an individual receiving a differential wage payment, as defined by Code
Section 3401(h)(2), shall be treated as an employee of the employer making the payment, (ii) differential wage payment shall be treated as Compensation, and (iii) the Plan shall not be treated as failing to meet the requirements of
any provision described in Code Section 414(u)(1)(C) by reason of any contribution or benefit which is based on the differential wage payment. Notwithstanding anything in the Plan to the contrary, differential wage payments shall not be treated
as Compensation for purposes of determining contributions under the Plan. 

  

	 	(c)	Nondiscrimination Requirement. Section 3.16(b)(iii) shall apply only if all employees of the employer performing service in the uniformed services described in
Code Section 3401(h)(2)(A) are entitled to receive differential wage payments (as defined in Code Section 3401(h)(2)) on reasonably equivalent terms and, if eligible to participate in a retirement plan maintained by the employer, to make
contributions based on the payments on reasonably equivalent terms (taking into account Code Section 410(b)(3),(4) and (5)). 

  

	 	(d)	For years beginning after December 31, 2008, an individual who is performing service in the uniformed services described in Code Section 3401(h)(2)(A) for a
period of at least 30 days, for purposes of Code Section 401(k)(2)(B)(i)(I) shall be treated as severed from employment with the Company and shall have a Distribution Event under Plan Section 3.10. An individual receiving such distribution
shall not be able to make an elective deferral to the Plan during the six month period beginning on the date of distribution.” 

  
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 ARTICLE IV 
 TRUST FUND AND PARTICIPANT INVESTMENT FUNDS 
 4.01 Trust
Agreement. The Company has entered into a Trust Agreement for the Plan establishing the Trust Fund and the Participant Investment Funds. The Trustee under such Trust Agreement shall hold, invest, distribute, and administer the Trust Fund in
accordance with the terms of the Plan and the Trust Agreement and shall hold the contributions to each Participant Investment Fund, including income therefrom, as a unit. Any portion of a Participant Investment Fund may, pending its permanent
investment in an Investment Vehicle or distribution, be invested in interest-bearing investments of a short-term nature, even though the same may not be legal investments for trust funds under the laws applicable thereto. Any portion of a
Participant Investment Fund may be maintained in cash. The Trustee shall be responsible for making the final decision as to managing, acquiring, or disposing of that portion of any of the Participant Investment Funds described below , if any, not
subject to the management of investment manager or managers or to directions of the Investment Committee given pursuant to Paragraphs 6.04(a)(ii) or 6.04(b) respectively. 

(a) Participant Investment Funds. All Participant Contributions transferred to the Trustee pursuant
to Sections 3.02, 3.12, or 3.13 and Company Core Contributions transferred to the Trustee pursuant to Section 3.04 shall be held and invested by the Trustee in the Participant Investment Funds in accordance with the directions of
Participants given as hereinafter provided. The Company, by resolution of the Board or the Investment Committee, shall have the right, in its discretion, to amend the Plan to establish additional Participant Investment Funds in which Participant
Contributions may be invested in accordance with the directions of Participants or to discontinue existing Participant Investment Funds.  
 (b) Investment of Company Matching Contributions. All Company Matching Contributions shall be invested in the Company Stock Fund, except as otherwise provided in Section 4.04.
 

  
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 4.02 Investment of Contributions in the Participant Investment Funds.
Subject to the provisions of Section 4.03, each Participant in the Plan, in accordance with procedures established by the Plan Administrator, will direct that the Trustee hold and invest in one or more Participant Investment Funds all amounts
credited to such Participant’s Plan Accounts in respect of that Participant’s Matched Contributions and Unmatched Contributions thereafter deducted from his Annual Salary and in respect of any Company Core Contributions under
Section 3.04, Rollover Contributions under Section 3.12, or plan-to-plan asset transfers or mergers under Section 3.13, credited to his Plan Accounts. A
Participant shall allocate his Participant Contributions and Company Core Contributions among the available Participant Investment Funds in multiples of one percent (1%); provided, however, that the total of such allocations must equal one hundred
percent (100%). No Participant shall have the right to give separate investment directions for amounts in respect of his Matched Contributions and Unmatched Contributions or in respect of his Company Core Contributions, Before-Tax Contributions,
Roth 401(k) Contributions, Catch-up Contributions and After-Tax Contributions. Notwithstanding the above, if the Trustee does not receive direction from the Participant regarding amounts credited to such Participant’s Plan accounts, such
amounts shall be held and invested in the Qualified Default Investment Alternative. The Plan is intended to be a Participant-directed “Section 404(c) Plan” under ERISA Section 404(c) and the regulations thereunder, and the provisions
of the Plan are to be interpreted so as to effectuate such intent.  
 Each of the Participant Investment Funds is
currently invested in the particular Investment Vehicle specified in Appendix A, although the Investment Committee may from time to time replace, add to, or discontinue such Investment Vehicles, excluding the Company Stock Fund, without amending the
Plan, upon notice to Participants. 
 (a) Company Stock Fund. All Participant Contributions
to the Company Stock Fund and Company Matching Contributions made on or after October 1, 2002 and before October 1, 2007, shall be held in the Company Stock Fund – Current Year until the end of the Plan Year in which such
Contributions are 

  
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made. Throughout this Plan, prior to October 1, 2007, “Company Stock Fund” will refer collectively to The Company Stock Fund – ESOP and Company Stock Fund –
Current Year unless otherwise specified. On and after October 1, 2007, the Company Stock Fund will no longer be split into the two funds mentioned above, and “Company Stock Fund” will refer to a single fund. Contributions to the
Company Stock Fund shall be invested by the Trustee primarily in Company Stock, although a cash position is maintained to provide a liquidity level necessary for daily transactions. All Participant Contributions and Company Matching Contributions
shall both be invested in the Company Stock Fund by the Trustee as liquidity and investment manager; provided, however, that separate subaccounts shall be maintained for amounts attributable to Participant Contributions and Company Matching
Contributions. For Plan Years prior to October 1, 2007, all Participant Contributions and Company Matching Contributions held in the Company Stock Fund – Current Year as of the close of the New York Stock Exchange on the last Business
Day of each Plan Year will be transferred to the Company Stock Fund – ESOP prior to the start of business on the first Business Day of the following Plan Year. 
 4.03 Redirection of Investments of Participant Contributions. Each Participant may from time to time change his last prior investment direction pursuant to Section 4.02 or this
Section 4.03 to any other investment direction then permitted pursuant to Section 4.02, in accordance with procedures established by the Plan Administrator. Each such change of investment direction pursuant to this Section 4.03 shall
apply, at the Participant’s election, to (a) all amounts then credited to the Participant’s accounts (except as provided in Section 4.04 below) and/or (b) all contributions thereafter made by or on the Participant’s
behalf (except as provided in Section 4.04 below); provided, however, that the Plan Administrator may from time to time impose restrictions on the right to change prior investment directions as to Participant Contributions to one or more other
particular Participant Investment Funds, if the Plan Administrator determines that such restrictions on redirections are necessary to comply with the terms of the Investment Vehicles held in any Participant Investment Fund in which any amounts then
credited to Participants’ accounts are held. 

  
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Notwithstanding the above, prior to October 1, 2007, Participants may not redirect Participant Contributions or Company Core Contributions from the Company Stock Fund – Current
Year to the Company Stock Fund – ESOP and may not redirect Participant Contributions or Company Core Contributions from the Company Stock Fund ESOP to the Company Stock Fund – Current Year. 

Any change in investment direction by a Participant for all or any portion of the Participant Contributions and Company Core
Contributions, including related investment earnings or losses, then credited to the Participant’s accounts will generally be effective as of the same Business Day on which notice is received, provided that notice is given prior to the close of
the New York Stock Exchange on such day, and will be effective as of the following Business Day if such notice is given after the close of the New York Stock Exchange. Any change in investment direction for future contributions will be effective as
soon as administratively possible. A Beneficiary shall have the right to change the investment direction for amounts in a Participant’s account until such account has been distributed in accordance with Section 3.10(b). 

4.04 Investment of Company Matching Contributions. All amounts in each Participant’s Company Matching
Contributions account shall be invested in the Company Stock Fund in accordance with Section 4.02(a); provided, however, that Participant Contributions, Company Core Contributions and Company Matching Contributions which are commingled in the
Company Stock Fund shall be accounted for in separate subaccounts and shall remain subject to the separate Plan provisions which relate to each type of contribution.  
 A Participant shall be eligible to redirect the investment of all Company Matching Contributions from the Company Stock Fund to another Participant Investment Fund. 

4.05 Participants’ Accounts. The Plan Administrator shall cause to be established and maintained for each
Participant an account for all amounts in respect of (a) Before-Tax Contributions made on his behalf, (b) his After-Tax Contributions, (c) Catch-up Contributions, (d) Rollover Contributions, (e) Company Core

  
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Contributions, (f) Company Matching Contributions attributable to his Matched Contributions (g) Roth 401(k) Contributions and (h) Roth Rollover Contributions made during each
Plan Year. Effective October 1, 2006, for purposes of this Section 4.05, transferred assets described in Section 3.13 shall be credited to a Participant’s Rollover Contributions account (except as otherwise provided in
Section 3.13 in the case of certain assets which are treated as Before-Tax Contributions or Catch-up Contributions). Prior to October 1, 2006, transferred assets described in Section 3.13 were credited as earnings to a
Participant’s After-Tax Contributions account (except as otherwise provided in Section 3.13 in the case of certain assets which were treated as Before-Tax Contributions or Catch-Up Contributions). Credits to Participants’ accounts for
amounts invested pursuant to Section 4.02 in each of the Participant Investment Funds shall be allocated to the Participant’s Before-Tax Contributions, After-Tax Contributions, Catch-up Contributions, Company Core Contributions and Company
Matching Contributions accounts in proportion to the amounts credited to such accounts during the period for which such allocation is made. 
 Credits to Participants’ accounts for amounts held and invested pursuant to Section 4.02 in the Participant Investment Funds, including the Company Stock Fund shall be expressed in terms of
their dollar value. Shares of Company Stock which are purchased from time to time during any Plan Year out of cash funds held by the Trustee under the Trust Agreement shall be valued for purposes of the Plan at the average of the actual cost
thereof, including transfer taxes, brokerage commissions, etc., if any, incident to the purchase thereof. Shares of Company Stock which are made available through Participant cash distributions, loans, or investment changes shall be valued for
purposes of the Plan at the Fair Market Value thereof at the close of the Business Day that the Participant’s application or direction to the Trustee is received for such transaction, provided such application or direction is received prior to
the close of that Business Day, and at the Fair Market Value thereof at the close of the following Business Day if the application or direction is received after the close of the Business Day. Each Participant Investment Fund shall be valued daily
by the Trustee. 

  
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 Beginning with the last prior valuation made, amounts credited to each Participant’s
accounts maintained hereunder shall be adjusted to reflect the effect of income collected and accrued, realized and unrealized profits and losses, expenses, and all other transactions affecting the Participant Investment Funds since the prior
valuation of the Participant Investment Funds. Such valuations and such adjustments of the amounts credited to Participants’ accounts shall be made so as to preserve for each Participant that Participant’s proportional beneficial interest
in each Participant Investment Fund, based upon contributions made by or on his behalf and invested in each such Participant Investment Fund. 
 The fact that credits shall be made to a Participant’s account in respect of Company Matching Contributions shall not vest in such Participant any right, title, or interest in the assets of the
Company Stock Fund, except at the time or times and upon the terms and conditions provided in the Plan. Except as provided in Section 4.07, a Participant shall have no right of request, direction, or demand upon the Trustee to exercise in the
Participant’s behalf any rights to purchase or sell securities which may be granted to the Trustee. The Trustee, in its discretion, may exercise or sell any rights to purchase other securities appertaining to securities held by the Trustee,
whether or not allocated to individual accounts. The accounts of Participants shall be appropriately credited. 
 No person
shall have any right to, or interest in, any assets of the Participant Investment Funds upon termination of employment or otherwise, except as provided from time to time under this Plan, and then only to the extent of the benefits payable to such
person under the Plan. All payments of benefits as provided for in this Plan shall be made solely out of the assets of the Participant Investment Funds and no fiduciary shall be liable therefore in any manner. No fiduciary or other person or entity
guarantees the Participant Investment Funds in any manner against investment loss or depreciation in asset value. 

  
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 4.06 Account Statements; Investment Information. At such times as
required by law or as the Plan Administrator deems necessary or desirable for the purpose of administering the Plan, each Participant will be furnished with a statement showing the status of his or her Plan accounts as of such dates as are selected
by the Plan Administrator. In addition, sufficient information shall be available to Participants to permit informed investment decisions as to the Participant Investment Funds and Investment Vehicles in which Participant Contributions and Company
Core Contributions may be invested.  
 Information relating to Participants’ purchase, holding, and sale of units
of interest in Company Stock and exercise of voting, tender, and similar rights shall be maintained in accordance with procedures which shall be adopted and amended from time to time in writing by the Plan Administrator (the “Confidentiality
Procedures”) that are designed to safeguard the confidentiality of such information (except as necessary to comply with federal or applicable state law, such as securities law reporting rules for insiders). The Confidentiality Procedures shall
incorporate at least the safeguards of confidentiality as to exercising voting, tendering, and similar rights as are set forth in Section 4.07; and name a fiduciary to be responsible for receiving and acting on investment directions and/or
monitoring compliance with the Confidentiality Procedures and who shall be empowered to determine when an independent fiduciary should be designated to carry out such activities as to Company Stock relating to situations which such responsible
fiduciary determines will have a potential for undue influence (such as tender offers, exchange offers, and contested Board elections) all as contemplated by ERISA Section 404(c). 

4.07 Voting, Tendering, and Similar Rights as to Company Stock. Before each annual or special meeting of the stockholders
of the Company, the Trustee or its agent shall furnish or cause to be furnished to each Participant for whom an account is established and maintained under the Plan and to which units of interest in Company Stock are allocated a copy of the proxy
solicitation material for such meeting, which is provided to stockholders of the Company who are not Plan Participants, together with a request for the Participant’s confidential directions to the Trustee as to how the full shares of Company
Stock then represented by the units of interest allocated to such Participant’s account should be voted. Upon timely receipt of 

  
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such directions, the Trustee shall vote such full shares as directed. Any such shares held by the Trustee as to which it receives no voting directions and fractional shares shall be voted by the
Trustee in the same proportions as shares to which voting directions have been received. 
 Each Participant shall have the
right, to the extent of the number of shares of Company Stock represented by the units of interest allocated to his account, to confidentially direct the Trustee in writing as to the manner in which to respond to a tender or exchange offer with
respect to shares of Company Stock. The Trustee shall use its best efforts to timely distribute or cause to be distributed to each Participant the information distributed to stockholders of the Company who are not Plan Participants in connection
with any such tender or exchange offer. Upon timely receipt of such directions, the Trustee shall respond as directed with respect to such shares of Company Stock. If the Trustee shall not receive timely direction from a Participant as to the manner
in which to respond to such a tender or exchange offer, the Trustee shall not tender or exchange any shares of Company Stock with respect to which such Participant has the right of direction. The Trustee shall respond as to fractional shares in the
same proportions as the shares as to which Participant directions have been received. 
 Each Participant is, for purposes of
this Section 4.07, hereby designated a “named fiduciary” within the meaning of ERISA Section 403(a)(1) with respect to voting and responding to tender and exchange offers with respect to full shares of Company Stock as to which
units of interest are allocated to his account, except to the extent otherwise permitted by ERISA Section 404(c) because such Participant has exercised independent control over assets in his or her individual account in the manner described in
Department of Labor Reg. §2550.404c-1 promulgated thereunder. “Participant” as used in this Section 4.07 shall include in the event of the death of a Participant, his Beneficiary, and in the event a Qualified Domestic
Relations Order is applicable to an account, each alternate payee under such Qualified Domestic Relations Order. Directions received by the Trustee from individual Participants as provided in this Section 4.07 shall be held by the Trustee in
confidence and shall not be divulged or released to any person, including directors, officers, or employees of the Company or any Affiliated Company, except as permitted by the Confidentiality Procedures. 

  
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 The Trustee is hereby empowered to set such deadlines for Participant returns of proxy,
tender, exchange, or similar directions as are necessary to assure the proper tally of such returns and timely action based on such response, consistent with the Confidentiality Procedures and the directions of any independent fiduciary appointed as
contemplated by the Confidentiality Procedures. 
 ARTICLE IV-A 

ESTABLISHMENT OF AN EMPLOYEE STOCK OWNERSHIP PLAN 
 4.01-A Effective May 15, 2002, the Company Stock Fund described in Section 4.02(a) is converted to an employee stock ownership plan (“ESOP”) as defined in Section 4975(e) of the
Code and the regulations thereunder. The ESOP is intended to form a portion of the Plan, the balance of which includes a qualified profit-sharing plan described in Section 401(a) of the Code which is not an ESOP. The ESOP shall hold Participant
Contributions pursuant to Deferral Elections described in Section 3.02, Company Core Contributions described in Section 3.04, and Company Matching Contributions described in Section 3.03. Prior to October 1, 2007, the ESOP shall
be the Participant Investment Fund described as the Air Products Company Stock Fund—ESOP. On and after October 1, 2007, the ESOP shall be the Participant Investment Fund described in Appendix A of the Plan as the Air Products Company Stock
Fund. 
 4.02-A The ESOP shall be primarily invested in Company Stock as described in Section 4.02(a). Company Stock as
defined herein is traded publicly on the New York Stock Exchange. A Participant may direct the Trustee to vote the Company Stock allocated to his account as described in Section 4.07. A Participant may elect a distribution of his account
balance in the Company Stock Fund to be paid in Company Stock or in cash as described in Section 5.01. A Participant may elect to diversify his account in the Company Stock Fund to the extent described in Section 4.03 

  
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and 4.04. A Participant may begin receiving distributions of his accounts, including the Company Stock Fund, as provided in Section 3.08 or upon the occurrence of a Distribution Event as
described in Section 2.21. Allocations of Participant Contributions and Company Matching Contributions to the ESOP are made in proportion to the compensation of each Participant based on his or her Deferral Elections as described in
Section 3.02. 
 4.03-A Participants having all or a portion of their Participant accounts invested in Company Stock in the
ESOP may elect to receive a distribution of dividends paid on Company Stock that are allocated to their Participant accounts or to reinvest such dividends in the ESOP pursuant to Section 404(k)(2)(A) of the Code, and the regulations thereunder.
Dividends paid on the portion of a Participant’s account attributable to Company Core Contributions, including any related investment earnings and losses, may only be reinvested to the extent Company Core Contributions and related earnings and
losses are vested under Section 3.05(a) of the Plan. A participant who does not make an affirmative election under this Section 4.03-A shall be deemed to have elected to reinvest such dividends in the ESOP. The Plan Administrator shall
determine the procedure for making such election available to eligible Participants. 
 4.04-A Participants who are employees of
Affiliates of the Company that are subject to taxation as partnerships are permitted to participate in the ESOP and invest their Participant accounts in Company Stock, but are excluded from receiving dividends paid on Company Stock to the Company
Stock Fund – ESOP, or after October 1, 2007, the Company Stock Fund. 
 ARTICLE V 

MANNER OF DISTRIBUTION OF PARTICIPANT ACCOUNTS 
 5.01 General. Subject to Sections 5.03 and 5.05, distribution to any person entitled to receive any amounts then held by the Trustee in the Participant Investment Funds described
in Article IV shall be made by the Trustee in a lump sum or, at the election of such person, in up to, but not exceeding, ten substantially equal annual installments, in the manner described in (a) and (b) below. If installments are
elected, the election may be rescinded at a later date, at which time the remaining balance in the Participant’s accounts shall be paid in a lump sum. 

  
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 (a) Cash Distributions. Amounts credited to a
Participant’s accounts which are held by the Trustee in any Participant Investment Fund other than the Company Stock Fund shall be distributed in cash. 

(b) Company Stock Distributions. Amounts credited to a Participant’s accounts which are held by
the Trustee in the Company Stock Fund shall be distributed in cash. Notwithstanding the foregoing, amounts credited to a Participant’s account in the Company Stock Fund may be distributed in the form of shares of Company Stock at the election
of the Participant or the Participant’s Beneficiary or alternate payee, as the case may be. Distribution of a Participant’s interest in a fractional share of Company Stock shall be made in cash. Notwithstanding the above, for persons
electing installment distributions commencing on or after October 1, 2006, distributions of amounts credited to the Company Stock Fund must be made in cash. 

The amount to be withdrawn or distributed from a Participant’s account or accounts under Section 3.08 or
3.10, or pursuant to a Qualified Domestic Relations Order, shall be the amount or specified portion thereof credited to such Trustee account or accounts as of: (i) the Business Day on which the account distribution or withdrawal request is
received by the Plan Administrator; provided, however, that valuation shall take place as of the following Business Day if the request is received after the close of the New York Stock Exchange; or (ii) if no request is received, the first
Business Day in March of the calendar year following the year in which the Participant attains age seventy and one-half
(70 1/2) or, if later, the calendar year in which the Participant retires if the Participant attained age seventy and one-half (70 1/2) on or after January 1, 2003. In the case of a Qualified Domestic Relations Order, if so provided in the Qualified Domestic Relations Order, the amount to be withdrawn or distributed shall be
the amount specified in such Order. 

  
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 Payment or delivery of an amount to be withdrawn or distributed shall
be made as soon as practicable after the applicable date determined under the preceding paragraph, but in any event by the April 1 which follows the year in which the Participant attains age seventy and one-half (70 1/2), or if later, the April 1 which follows the year the Participant retires if the Participant attains age seventy and one-half (70 1/2) after January 1, 2003. The payment of benefits under the Plan to a Participant (or to his Beneficiary or Beneficiaries) who has a severance from employment with the Company and all Affiliated
Companies with amounts credited to his Plan accounts of $1,000 or less, or upon the Participant’s death, will begin as soon as administratively practicable after the Participant makes his last contribution. 

Any distributions made pursuant to this Article V shall be subject to the requirements of Code Section 401(a)(9) and the regulations
thereunder, including the minimum distribution incidental benefit requirement of Q&A-1(d) of section 1.401(a)(9)-5 of the final regulations effective January 1, 2003. 

5.02 Designation of Beneficiaries; Spousal Consents. Unless otherwise designated as provided in the next paragraph of this
Section 5.02, each Participant’s Beneficiary shall be the Participant’s spouse. If the Participant dies with no surviving spouse, or so designates a Beneficiary other than his spouse in accordance with the provisions of the next
paragraph, the Beneficiary or Beneficiaries to receive the Plan benefits hereunder shall be as designated by the Participant in accordance with procedures specified by the Plan Administrator and filed with the Plan Administrator during the
Participant’s lifetime. Any such designation may be revoked or changed by the Participant at any time and from time to time, without the consent of any prior Beneficiary (other than the Participant’s spouse, whose consent shall be required
as provided in the next paragraph) in the same manner as the original designation. If either no such designation is made or, if made, none of the designated Beneficiaries, whether primary or contingent, is living at the time of payment, Plan
benefits shall be paid to the Participant’s surviving spouse, if any, and otherwise to the Participant’s estate. 

  
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 The designation of a Beneficiary other than the Participant’s spouse shall be
ineffective unless either: (i) the Participant’s spouse consents in writing to such designation, the spouse’s consent specifically identifies the nonspouse Beneficiary, the Participant’s spouse acknowledges the effect of such
designation, and such consent is witnessed by a notary public; or (ii) it is established to the satisfaction of the Plan Administrator or a representative of the Plan Administrator that no such consent may be obtained because there is no spouse
of the Participant, the spouse cannot be located, or because of such other circumstances as may be prescribed in regulations issued by the Secretary of the United States Treasury. Any consent by a spouse required by any provision of the Plan shall
be irrevocable by the spouse and any such consent by the spouse (or establishment that the consent of the spouse may not be obtained) shall only be effective with respect to such spouse. No Beneficiary designation shall be effective prior to the
time it is received by the Plan Administrator. 
 Notwithstanding the foregoing, for former Participants in the IGS Savings Plan
the terms of Exhibit II shall apply. 
 5.03 Direct Rollovers 

(a) Any Participant, any spouse of a Participant (including a former spouse who is an alternate payee under any Qualified
Domestic Relations Order) or, effective April 1, 2007, any Beneficiary of a Participant (each referred to herein as a “distributee”) who is entitled to receive an “eligible rollover distribution” (as defined below) from the
Plan may make a special election to avoid the imposition of automatic withholding of Federal income taxes from the distribution. The special election is to have all or part of the distribution paid by the Trustee directly to an eligible retirement
plan (as defined below) in lieu of receiving the distribution from the Plan. In order for such direct rollover to be made, the special election must be made in accordance with the procedures established by the Plan Administrator, the eligible
retirement plan must be clearly specified, and the specified plan must be willing to accept the rollover. Any eligible rollover distribution described in Section 5.03(d)(i) that includes After-Tax Contributions or 

  
 71 

 
Roth 401(k) Contributions which a distributee elects to rollover to a qualified defined contribution plan described in Section 401(a) or an annuity plan described in Code
Section 4.03(b) must be directly rolled over to such plan pursuant to the special election in this Section 5.03(a) and must be separately accounted for as required by Code Section 402(c)(2)(A) and 402A. 

(b) Notwithstanding the foregoing, a direct rollover shall not be permitted if the distributee’s eligible rollover
distributions during the calendar year are reasonably expected to total less than $200, and a partial direct rollover may not be made in an amount which is less than $500. Each eligible rollover distribution may be directly rolled over to only one
eligible retirement plan. 
 (c) The limits set forth in this Section may be modified by the Plan Administrator
to the extent permitted by Code Sections 401(a)(31), 402, and 3405 and regulations or rulings issued thereunder. Moreover, the provisions of this Section shall be interpreted and applied consistently with Sections 521 through 523 of the
Unemployment Compensation Amendments of 1992, and shall be deemed to be automatically amended, without the necessity of adopting a specific amendment, to the extent that applicable law, regulations, or rulings modify, amend, supersede, eliminate,
clarify, or otherwise change the requirements of said Sections 521 through 523. 
 (d) An “eligible
rollover distribution” hereunder is any distribution to or withdrawal by a distributee, except that an eligible rollover distribution does not include any portion of a distribution to the extent it is: (i) not included in gross income
(without regard to the exclusion for net unrealized appreciation with respect to employer securities) provided, however, that eligible rollover distributions on or after January 1, 2002, shall include the portion of a distribution not otherwise
included in gross income (i.e., After-Tax Contributions), if any, (ii) required under Code Section 401(a)(9), (iii) a deemed distribution of a defaulted loan which is unaccompanied by an actual distribution, (iv) any distribution
that is one in a series of substantially equal periodic payments (not less frequently than annually) made 

  
 72 

 
for one or more lives or for a specified period of ten (10) years or more; (v) any hardship distribution described in Code Section 401(k)(2)(B)(i)(iv); (vi) any dividends paid
on employer securities held by an ESOP which are paid directly to the Participant and not reinvested in the ESOP or (vii) any other amount which is excluded under the Code or Treasury Regulations. An “eligible retirement plan” is an
individual retirement account or annuity described in Code Sections 408(a) and 408(b) (collectively, an “IRA”), an annuity plan described in Code Section 403(a) which accepts rollover distributions, a qualified plan described in
Code Section 401(a) which accepts rollover distributions, or an annuity plan described in Code Section 403(b) which accepts rollover distributions, or a Code Section 457 governmental plan which accepts rollover distributions;
provided, however, that with respect to a non-spouse Beneficiary, “eligible retirement plan” shall mean only an inherited IRA within the meaning of Code Section 408(d)(3)(c) and in accordance with Code Section 402(c)(11) and Code
Section 401(a)(9)(B)(ii). 
 5.04 Trustee-to-Trustee Transfer. Upon the direction of the Plan
Administrator, the Trustee may transfer all amounts credited to a Participant’s accounts held by the Trustee to another retirement benefit plan qualified under Code Section 401(a) in connection with or following a Distribution Event with
respect to such Participant.  
 5.05 Protected Distribution Forms for Certain Transferred Balances.
 
 (a) In the case of a Participant who had funds transferred to the Plan from the GSF Energy Inc.
Retirement Savings Plan (the “GSF Plan”) during 1989, a term annuity may be purchased with all or part of that portion of the Participant’s distribution which is attributable to funds transferred in 1986 from the former Getty savings
plan to the GSF Plan. The fixed payment period cannot exceed 240 months and the amount of payments must be greater than $25 per month. 

  
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 (b) In the case of a Participant employed by Pacific Anchor Chemical
Corporation who had funds transferred from the Pacific Anchor Chemical Corporation 401(k) Plan (the “Pacific Anchor Plan”) to the Plan as of July 1, 1989, such a Participant may elect to receive the amount credited to his account as
of the date of such transfer in installment payments over a period not to exceed the life expectancy of the Participant or the joint life expectancy of the Participant and the Participant’s spouse, if any. 

(c) In the case of a Participant employed by Industrial Gas and Supply Company (“IGS”) who had funds
transferred from the IGS Savings Plan due to the merger of the IGS Savings Plan into the Plan as of March 31, 2000, such a Participant may elect to receive the amount credited to his account as of the date of such transfer, in installment
payments over a period not to exceed the life expectancy of the Participant or the joint life expectancy of the Participant and the Participant’s spouse, if any. The applicable provisions are set forth in Exhibit II. 

ARTICLE VI 

ADMINISTRATION 
 6.01 Plan Administrator. The Plan Administrator shall be responsible for the administration of the Plan to the extent provided herein and except to the extent that some other person
or entity shall be expressly authorized by the Board. The Plan Administrator shall not receive any compensation from the Plan for his services as such, but may be reimbursed for reasonable expenses actually incurred in the administration of the
Plan. 
 6.02 Expenses of Administration. The reasonable expenses incident to the administration,
management, and operation of the Plan, including (but not limited to) the compensation of legal counsel, auditors, accountants, actuaries, the Trustee, and investment managers, if any, and other costs such as recordkeeping fees, proxy voting fees,
communication costs, and the cost of clerical and technical assistance which may be required, shall be payable from Participant’s accounts in 

  
 74 

 
a manner determined by the Plan Administrator and shall be communicated to Participants in a manner that is consistent with ERISA Section 408(b)(2) and the Treasury Regulations issued
thereunder. The Investment Committee may provide that certain Plan expenses shall be charged to a Participant’s account and shall be communicated to Participants in a manner that is consistent with ERISA Section 408(b)(2) and the Treasury
Regulations issues thereunder. Notwithstanding the foregoing, the Employer, in its absolute discretion, may elect at any time to pay part or all thereof directly, and any such election shall not bind the Employer as to its right to elect with
respect to the same or other expenses at any other time to have such expenses paid from the Participant’s accounts. 

6.03 Powers and Duties of the Plan Administrator. In addition to any implied powers and duties which may be
necessary to carry out the provisions of the Plan and any explicit powers and duties set forth elsewhere in the Plan, the Plan Administrator shall have the following specific discretionary powers and duties: 

(a) To make and enforce such rules and regulations and adopt such procedures as he shall deem necessary or proper for the
efficient administration of the Plan which are not inconsistent with the Code, ERISA, or any grant of authority to another person hereunder, including without limitation rules to be followed by Participants filing notices, elections, directions, and
designations under the Plan and for the furnishing and verification of evidence and proofs necessary to establish the rights of any person to benefits under the Plan; 

(b) Subject to and consistent with the Code and ERISA, discretionary authority and power to construe and interpret the
Plan and to decide any and all matters arising thereunder, including the right to (i) decide all questions of eligibility for benefits; (ii) determine the amount, time, and manner of payment; (iii) authorize the payment of benefits;
(iv) remedy possible ambiguities, inconsistencies, or omissions; provided, however, that all such interpretations and decisions shall be applied in a uniform manner to all Participants who are similarly situated; and (v) to determine all
questions of fact; 

  
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 (c) Subject to the provisions of Section 6.05, to make findings of fact
and determinations as to the rights of any person applying for benefits and to afford any such person dissatisfied with any such findings or determinations the right to a hearing thereof; 

(d) To obtain from the Employer and from the Participants, and provide to the Trustee such information as shall be
necessary for proper administration of the Plan; 
 (e) To authorize disbursements from the Participant
Investment Funds and to obtain from the Trustee such information concerning such disbursements as shall be necessary for the proper administration of the Plan; 
 (f) To supervise generally the administration of the Plan in accordance with ERISA, including, without limitation, compliance with reporting and disclosure requirements and the final review of claims and
appeals by Participants and their Beneficiaries; 
 (g) To appoint or employ other persons or fiduciaries to
carry out various specific responsibilities concerning the administration of the Plan and any other agents he deems advisable, including without limitation legal counsel, auditors, and accountants, and to enter agreements for the performance of
services on behalf of the Plan; and 
 (h) To allocate and delegate among or to any one or more person or
persons (including corporate persons) named by the Plan Administrator in accordance with the provisions hereinafter, any of his powers, duties, and fiduciary responsibilities, such allocation or delegation to be effected as follows: 

(i) Fiduciary responsibilities may be allocated or delegated by the Plan Administrator by naming in writing the named
fiduciary to whom the responsibility is allocated or delegated, with a description of the responsibility and an outline of the duties involved; 

  
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 (ii) Such of his other powers, authority, and duties as he deems proper and desirable for
the efficient administration of the Plan may be delegated to any officer or other administrative employee of the Employer. 

6.04 Powers and Duties of the Investment Committee. In addition to any implied powers and duties which may be
necessary to carry out the provisions of the Plan and any explicit powers and duties set forth elsewhere in the Plan, the Investment Committee shall have the following specific discretionary powers and duties: 

(a) To appoint or employ, and to enter agreements with: 

(i) the Trustee; 
 (ii) an investment manager or managers with power to direct the investment, reinvestment, and other management of the acquisition and disposition by the Trustee of all or a portion of any of the
Participant Investment Funds described in Section 4.02 (other than the Company Stock Fund), if the Investment Committee determines in its sole discretion that an investment manager or managers is necessary or desirable for management of all or
any portion of any such Participant Investment Fund; provided, however, that each such investment manager shall acknowledge in writing that such investment manager is a fiduciary with respect to the Plan, and: 

(A) shall be registered as an investment advisor under the Investment Advisors Act of 1940; or 

(B) shall be a bank, as defined in the Investment Advisors Act of 1940; or 

(C) shall be an insurance company qualified to perform services with power to manage, acquire, or dispose of assets of the Plan under
the laws of more than one State; or 

  
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 (D) if not registered as an investment advisor under the Act by reason of
paragraph (1) of section 203A(a) of the Investment Advisors Act of 1940, shall be registered as an investment advisor under the law of the State (referred to in such paragraph (1)) in which it maintains its principal office and place
of business, and, at the time the investment advisor last filed the registration form most recently filed by the investment advisor with such State in order to maintain the investment advisor’s registration under the laws of such State, shall
also have filed a copy of such form with the Secretary of Labor. 
 (iii) an investment advisor who does not meet the
qualifications for an investment manager set forth in Paragraph (ii) above, provided that such investment advisor may offer investment advisory services and recommendations to the Trustee but shall have no power to cause the Trustee to act on
such advice. 
 (b) To direct the Trustee to invest and reinvest all or any portion or portions of any of the
Participant Investment Funds described in Section 4.02 held under the Trust Agreement as specified by the Investment Committee, in interests in collective investment funds, group trusts, or other entities or in other investments directed by the
Investment Committee, and to exercise ownership rights with respect to such interests or investments, all as specified by the Investment Committee; 
 (c) To perform any and all duties allocated to it by the Board or required of it by the provisions of this Plan, the Code, or ERISA; 

(d) To allocate and delegate among or to any one or more of its members or officers, any subcommittees of the Investment
Committee, and any other person or persons (including corporate persons) named by it in accordance with the provisions hereinafter, any of its powers, duties, and fiduciary responsibilities (other than trustee responsibilities), such allocation or
delegation to be effected as follows: 
 (i) Fiduciary responsibilities may be allocated or delegated by the Investment
Committee by naming in writing, including by recording in the minutes of the Investment Committee’s meetings the named fiduciary to whom the responsibility is allocated or delegated, with a description of the responsibility and an outline of
the duties involved; 

  
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 (ii) Except where a member of the Investment Committee, the fiduciary so named shall
indicate acceptance of the responsibility by executing the written instrument naming such fiduciary, whereupon such executed instrument shall be incorporated by this reference in the Plan; 

(iii) For the purpose of this Section 6.04(d), a trustee responsibility is a responsibility to manage or control the assets of the
Plan other than the power to appoint an investment manager in accordance with Section 6.04(a)(ii). The power to allocate or delegate responsibility to manage the Participant Investment Funds (other than the Company Stock Fund) described in
Paragraph 4.02 may only be made in accordance with such Section 6.04(a)(ii); and 
 (iv) Such of its other powers,
authority, and duties as it deems proper and desirable may be delegated to any one of its members or officers or to any officer or other administrative employee of the Employer, provided that such delegation shall be noted in the minutes of the
proceedings of the Investment Committee or other writing; 
 (e) To take all actions necessary to transfer Plan
assets and liabilities to another qualified plan subject to, and in accordance with the provisions of applicable laws and Section 7.03, where such transfer is required in connection with any transaction or event or series of events or
transactions which may from time to time be approved by the Board or approved pursuant to a delegation of authority by the Board; 
 (f) To take all actions necessary to amend the Plan to assume liabilities, and to direct the Trustee to accept assets, of another qualified plan subject to, and in accordance with the provisions of
applicable law and Section 7.03, required in connection with any transaction or event or series of similar transactions or of similar events which may from time to time be approved by the Board or approved pursuant to a delegation of authority
from the Board; and 

  
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 (g) To take such further action as the Investment Committee deems
appropriate, in regard to establishing and reviewing programs, guidelines, policies, and objectives for investment of Plan assets, and reviewing investment performance in terms of such programs, guidelines, policies, and objectives. 

6.05 Benefit Claims Procedure. The claim and appeal procedure herein provided is intended to meet the requirements
of ERISA and the regulations thereunder. By virtue of such requirements, the procedure provided in this Section 6.05 shall be the sole and exclusive procedure for claiming benefits or appealing any denial of a claim for benefits under the Plan.
This procedure shall, in respect of all claims arising under the Plan, supersede and preempt any and all procedures for settlement of disputes or resolution of grievances under any other agreements or plans. 

(a) Claim. In the event of a claim by a Participant or a Participant’s Beneficiary for or in
respect of any benefit under the Plan or the method of payment thereof, such Participant or Beneficiary shall present the reason for his claim in writing to the Plan Administrator. The Plan Administrator shall, within ninety (90) days after the
receipt of such written claim, send written notification to the Participant or Beneficiary as to its disposition, unless special circumstances require an extension of time for processing the claim. If such an extension of time for processing is
required, written notice of the extension shall be furnished to the claimant prior to the termination of the initial ninety (90) day period. In no event shall such extension exceed a period of ninety (90) days from the end of such initial
period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Plan Administrator expects to render the final decision. 

  
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 (b) Denial. In the event the claim is wholly or
partially denied, the Plan Administrator’s written notification shall: (a) state the specific reason or reasons for the denial, (b) contain specific references to pertinent Plan provisions on which the denial is based,
(c) provide a description of any additional material or information necessary for the Participant or Beneficiary to perfect the claim and an explanation of why such material or information is necessary, and (d) set forth the procedure by
which the Participant or Beneficiary may appeal the denial of his claim. If no notice of denial is provided within the time period set forth above, the claim shall be deemed to be denied and the Participant or Beneficiary may proceed to appeal in
accordance with Paragraph (c) below.  
 (c) Appeal. In the event a Participant
or Beneficiary wishes to appeal the denial of his claim, he may request a review of such denial by making written application to the Claims Committee within sixty (60) days after receipt of such written claim denial (or the date on which such
claim is deemed denied if notice is not received within the applicable time periods pursuant to Paragraph (b) above). Such Participant or Beneficiary (or his duly authorized representative) may, upon written request to the Claims Committee,
review any records of the Plan Administrator or other persons to whom fiduciary responsibilities have been allocated or delegated hereunder which the Claims Committee determines are pertinent to such claim, and submit in writing issues and comments
in support of his position.  
 The Claims Committee shall notify the Participant or Beneficiary of the Claims
Committee’s final decision within 60 days after receipt of the written appeal unless an extension of time is necessary due to special circumstances. If an extension is required, the Claims Committee shall notify the Participant,
Beneficiary or authorized representative of the extension within the initial review period and shall explain the special circumstances requiring the extension within such initial 60-day period. 

The final decision shall be in writing and shall include specific reasons for the decision, written in a manner calculated to be
understood by the claimant, and specific references to the pertinent Plan provisions on which the decision is based. In addition the notice shall provide that the claimant is entitled to receive, upon request and free of charge, reasonable access
to, and copies of, all documents, records, and 

  
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other information relevant to the claimant’s claim for benefits, and shall contain a statement of the claimant’s right to bring an action under Section 502(a) of ERISA. If the
claim has not been granted and the notice is not furnished within the period of time specified above, the claim shall be deemed denied. The decision on appeal shall be binding on all parties. 

(d) Qualified Domestic Relations Order. Since separate procedures have been adopted with respect to
domestic relations orders, the service of a domestic relations order on the Plan shall not be treated as a claim for benefits as contemplated by this Section 6.05 and the foregoing procedure shall not be followed in determining whether such an
order constitutes a Qualified Domestic Relations Order. 
 6.06 Fiduciaries. Persons and entities
named or referred to in the Plan, including without limitation, members of the Investment Committee, members of the Claims Committee, and the Plan Administrator may from time to time act in respect of the Plan and/or the Trust Fund in a fiduciary
capacity as to the operation and administration of the Plan and/or the Trust Fund, as well as in a non-fiduciary capacity on behalf of an Employer as a sponsor of the Plan and/or settlor of the Trust Fund. Except as expressly provided in the Plan,
no reference in the Plan to any particular act, duty, or responsibility by any person or entity is intended to ascribe a fiduciary or non-fiduciary role thereto. 
 For purposes of ERISA Section 402(a), “named fiduciaries” for the Plan shall include: the Finance Committee of the Board, insofar as it appoints the persons to serve on the Investment
Committee and has oversight responsibility for review of certain actions taken by the Investment Committee; the Plan Administrator with respect to the control and management of the operation and administration of the Plan and compliance with the
reporting and disclosure requirements of ERISA and the Code; the Investment Committee with respect to control and management of the Trust Fund; and the Claims Committee with respect to adjudication of claim appeals. In addition, the Trustee shall be
the named fiduciary or named fiduciaries with respect to the 

  
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management, control, custody, and investment of the Trust Fund or specified portions thereof, except to the extent: (a) an investment manager has been appointed to manage and/or acquire and
dispose of investments as contemplated by Paragraph 6.05(h)(2), in which case such investment manager shall be the named fiduciary with respect to the management, acquisition, and disposition of such investments: or (b) the Trustee has
been directed by the Investment Committee to invest or reinvest, and exercise ownership rights with respect to, interests in collective investment funds, trusts, or other entities or other investments as contemplated by Paragraph 6.05(i), in
which case the Investment Committee shall be the named fiduciary with respect to the management, acquisition, and disposition of such interests and investments. 
 6.07 Adequacy of Communications; Reliance on Reports and Certificates. All notices, elections, applications, directions, or other communications given, made, filed, delivered, or
transmitted by or for an Employee or Participant in pursuance of the provisions of this Plan shall not be deemed to have been duly given, made, filed, delivered, transmitted, or received unless the same shall be in writing on such form as is made
available by the Plan Administrator or the Trustee for that purpose and until the same shall actually be received at the locations specified on such form. 
 Any person acting upon notices, directions, or other communications given, made, delivered, or transmitted by the Investment Committee may rely on any documents signed by the chairman or secretary of the
Investment Committee or by any one or more of its members or Company officers or employees authorized by the Committee to certify its actions. 
 The Investment Committee, the Claims Committee or any of their members will be entitled to rely conclusively upon any information, including without limitation, all tables, valuations, certificates,
opinions, and reports, which is furnished by the Trustee, any auditor, accountant, legal counsel, or other person who is employed or engaged for the purpose of assisting such Committees in the performance of their responsibilities hereunder and as
to whom the members of the applicable Committee have no reason to doubt the competence, integrity, or responsibility. 

  
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 6.08 Indemnification. The Company agrees to indemnify each member of
the Investment Committee or the Claims Committee who is its employee or the employee of an Affiliated Company against any and all claims, loss, damage, expense, and liability from any act or failure to act unless the same is judicially determined to
be the result of such member’s gross negligence or willful misconduct, except as otherwise prohibited by applicable law. 
 6.09 Member’s Own Participation. No member of the Investment Committee or the Claims Committee may act, vote, or otherwise influence a decision of the Committee relating solely
to his own participation under the Plan.  
 6.10 Elections. Exhibit III attached hereto, entitled
“Plan Elections”, sets forth elections under the Plan made by the Company or its delegates or officers, including the Vice-President Human Resources, the Plan Administrator or his delegates, or others (but not Participants, spouses,
beneficiaries, alternate payees or other Participants or payees) in regard to elections made under the Plan or applicable law, whether or not specifically referenced in the Plan, and is designed to include only those elections required by applicable
law to be specified in the Plan, but may include other elections as well. 
 ARTICLE VII 

AMENDMENT, CORRECTION AND DISCONTINUANCE 
 7.01 Right to Amend or Terminate. 
 (a) The
Company intends and expects to continue the Plan indefinitely. Nevertheless, (i) the Company reserves the right to terminate the Plan or amend or modify it from time to time and (ii) each Employer reserves the right to suspend, terminate,
or completely discontinue contributions under the Plan with 

  
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respect to itself and its Employees and their Beneficiaries. Action to terminate the Plan may be taken only by the Board, by its resolutions, duly adopted. The Investment Committee may act on
behalf of the Company and without action by or approval of the Board, to add or discontinue Participant Investment Funds. Any other action referred to in this subsection and not determined by the Company’s general counsel to be in contravention
of law may be taken on behalf of the Company by the Chairman of the Board evidenced by a resolution, certificate, new or revised Plan text, or other writing; provided that, only the Board may approve a Plan amendment which (A) would materially
increase aggregate accrued benefits under, materially change the benefit formula provided by, or materially increase the cost of the Plan, so long as persons designated by the Board as “Executive Officers” for purposes of the U.S.
Securities laws are Participants in the Plan; or (B) would freeze benefit accruals, materially reduce benefit accruals, or otherwise materially change the benefits under the Plan; or (C) would constitute the exercise of power or function
herein assigned to the Finance Committee of the Board, the Investment Committee, the Plan Administrator, or the Claims Committee. The Chairman may delegate the authority described in the preceding sentence in writing. 

(b) Notwithstanding Paragraph (a), no action to terminate, amend, or modify the Plan described therein shall
adversely affect Participants who shall have retired under the Plan prior to such action, nor shall any amendment have the effect of decreasing the nonforfeitable percentage or the amount of a Participant’s accounts except as permitted by Code
Section 411(d)(6) and the regulations thereunder. No amendment shall be made to this Plan which eliminates a subsidy or an optional form of benefit available to a Participant except as permitted by Code Section 411(d)(6) and the
regulations thereunder. 
 (c) Notwithstanding any of the foregoing provisions of this Section, any modification
or amendment of the Plan may be made retroactively, if necessary or appropriate to qualify or maintain the Plan and/or the Trust Fund as a plan and/or trust meeting the requirements of the Code and ERISA, or any other 

  
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provision of law, as now in effect or hereafter amended or adopted, and any regulation issued thereunder. If the Plan is terminated by the Company, all amounts credited to each of such
Participant’s accounts in respect of Before-Tax Contributions, Roth 401(k) Contributions, After-Tax Contributions, Catch-up Contributions, Company Core Contributions, and Company Matching Contributions shall be distributed by the Trustee to any
such Participant so affected by such discontinuance or to his or her designated Beneficiary as soon as practicable (to the extent permitted under applicable law), with distributions to be made in accordance with the directions of the Plan
Administrator. 
 (d) Upon the Plan’s termination or partial termination, the rights of all affected
Participants to benefits accrued to the date of such termination or partial termination, to the extent not yet vested, shall be nonforfeitable. 
 7.02 Corpus and Income Not to be Diverted. Notwithstanding any power of discontinuance or amendment reserved in the Plan or Trust Agreement, it shall be impossible at any time for any
part of the corpus and income of the Trust Fund held for the benefit of Participants and their Beneficiaries to be used for, or diverted to, purposes other than for the exclusive benefit of such Participants or their Beneficiaries and defraying
reasonable expenses of administering the Plan. Notwithstanding the foregoing: 
 (a) All contributions
made to the Plan are conditioned upon their deductibility in full under Code Section 404, or any statute of similar import. If all or any portion of a contribution is determined to be not deductible, the amount so determined to be
non-deductible shall be returned to the Employer, if the Employer so directs the Trustee, within one (1) year of the determination of the disallowance of the deduction. 

(b) A contribution made by a mistake of fact shall be returned to the Employer within one (1) year after the payment
of the contribution, if the Employer so directs the Trustee. 

  
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 7.03 Merger or Consolidation of Plan.  

(a) The Plan shall not be terminated automatically by the Company’s acquisition by or merger into any other company,
but the Plan shall be continued after such merger if the successor company agrees to continue the Plan. All rights to amend, modify, suspend, or terminate the Plan shall be transferred to the successor company, effective as of the date of the
merger, without the need for a specific Plan amendment. 
 (b) The Plan shall not merge or consolidate with, or
transfer its assets or liabilities to, any other plan unless each Participant would (if the Plan then terminated) be entitled to receive a benefit after the merger, consolidation, or transfer which is equal to or greater than the benefit he would
have been entitled to receive immediately before the merger, consolidation, or transfer (if the Plan had been terminated). 

7.04 Correction. Any operational or qualification defect or failure of this Plan of any kind whatsoever may be
corrected pursuant to any program of voluntary correction sponsored by the Internal Revenue Service or the Department of Labor, or any other agency of the Federal government or pursuant to applicable law, regulations or rulings, to the extent
determined by, and at the sole discretion of, the Chairman of the Board.  
 ARTICLE VIII 

GENERAL PROVISIONS 
 8.01 Nonalienation of Benefits. Except as may be otherwise required by law, no benefit payable under the Plan or any interest of any Participant arising out of or created by this Plan,
either before or after retirement, shall be subject, either voluntarily or involuntarily, to anticipation, assignment, pledge, execution, attachment, garnishment, or alienation. Any attempt to assign or alienate a benefit 

  
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payable under the Plan shall be void. Also, except as may otherwise be required by law, no such benefit or interest will in any manner be liable for or subject to the debts, liabilities,
contract, engagements, or torts of any Participant. This Section 8.01 also shall apply to the creation, assignment, or recognition of a right to any benefit payable with respect to a Participant pursuant to a domestic relations order, unless
such order is determined by the Plan Administrator to be a Qualified Domestic Relations Order. In the case of a Qualified Domestic Relations Order, distributions shall be made in accordance with and shall be governed by procedures adopted by the
Plan Administrator. Notwithstanding any other provisions of the Plan, to the extent permitted under the provisions of Code Sections 401(a)(13)(C) and (D), or under other applicable law, a Participant or Beneficiary may have his benefits
reduced in the event of his willful breach of fiduciary duty to the Plan or his criminal act against the Plan. 
 8.02
Payments to Minors, Incompetents, and Related Situations. If a Participant or Beneficiary entitled to receive any benefits hereunder is a minor, is adjudged to be legally incapable of giving valid receipt and discharge for such
benefits, or is unable to care for his affairs because of illness, accident, mental disability, or similar circumstances, such benefits shall be paid to such person as the Plan Administrator shall designate or to the duly appointed guardian. Such
payment shall be deemed a complete discharge of any liability for such benefits under the Plan.  
 8.03
Unclaimed Accounts – Trust Funds. No interest shall accrue to or for the account of Participants or their Beneficiaries during any period that any distribution hereunder shall remain unclaimed. If any distribution made by the
Trustee from any of the Participant Investment Funds remains unclaimed for a period of six (6) months, the Trustee shall notify the Plan Administrator, who will promptly attempt to locate the person entitled to receive such distribution.

 8.04 No Guarantee of Employment. The Plan shall not be deemed to be in consideration of, or an
inducement for, the employment of any person by the Company or any Affiliated Company. Nothing contained in the Plan shall be deemed to give any employee the right to be retained in the service of the Company or 

  
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any Affiliated Company or to interfere with the right of the Company or any Affiliated Company to discharge or to terminate the service of any employee at any time without regard to the effect
such discharge or termination may have on any rights under the Plan. 
 8.05 Governing Law. The Plan, the
Trust Agreement, and all amendments thereto shall be construed, whenever possible, to be in conformity with the requirements of the Code and ERISA, and according to the laws of the Commonwealth of Pennsylvania (including its statute of limitations
provisions, but excluding its choice of law provisions) to the extent not preempted by applicable federal law. 

8.06 Gender, Number, and Headings.  

(a) As used herein, the pronouns “he”, “him”, or “his”, referring to an Employee,
Participant, Beneficiary, or any other person, shall also be deemed to refer to and include the feminine gender. 
 (b) Whenever any words are used herein in the singular or plural, they shall be construed as if they were also used in the plural or singular, respectively, in all cases where applicable. 

(c) Headings of Articles and Sections of the Plan are inserted for convenience of reference only and as such they
constitute no part of the Plan and are not to be considered in the meaning or construction thereof. 
 (d) Any
reference to the Code or ERISA or a section thereunder or a regulation thereunder shall also refer to any successor statute, successor section, or successor regulation. 
 8.07 Severability. Each provision of the Plan shall be independent of each other provision of the Plan and if any provision of the Plan proves to be, or is held by any court,
tribunal, board, or authority of competent jurisdiction to be, void or invalid as to any Participant or group of Participants, such provision shall be disregarded and deemed to be null and void and not part of the Plan; but such invalidation of any
such provision shall not otherwise impair or affect this Plan or any of the other provisions or terms hereof.  

  
 89 

 8.08 Obligations of the Employer. No Employer shall have any liability
with respect to payments of benefits under the Plan and each Participant and Beneficiary shall look solely to the Trust Fund for any payments or benefits under the Plan. Upon total or partial termination of the Plan, no Employer shall have any
further liability either to provide benefits to those employees affected by such total or partial termination (whether or not such benefits are then in pay status) or to make any further contributions to or under the Plan in respect of such
employees.  
 8.09 Effective Date. The amended and restated Plan as herein set forth is effective
as of January 1, 2016, except for provisions which indicate a later effective date.  
 8.10 Uniformed
Services Employment and Reemployment Rights Act. Notwithstanding any provision of this Plan to the contrary, contributions, benefits and service credit with respect to qualified military service will be provided in accordance with Code
Section 414(u).  
 8.11 Use of Electronic Media; Adjustment of Certain Time Periods.
Notwithstanding any provision herein which requires notices, consents, elections, or other actions under the Plan to be effectuated through a writing, such notices, consents, elections, or other actions may be effectuated through the use of
electronic media, if so provided in procedures established by the Plan Administrator consistent with Department of Labor or Internal Revenue Service pronouncements or other applicable law. Moreover, any time periods set forth herein for providing
notices, making elections, granting consents, or taking other actions which are based upon time limits established under applicable law shall be deemed to be automatically amended, without the necessity of a formal amendment, to reflect any
subsequent modification of those deadlines through Department of Labor or Internal Revenue Service pronouncements or other changes in applicable law. 

  
 90 

 IN WITNESS WHEREOF, this Air Products and Chemicals, Inc. Retirement Savings Plan, as
amended and restated effective January 1, 2016, has been duly executed on behalf of Air Products and Chemicals, Inc. on this 18th day of December 2015. 

 

			
	AIR PRODUCTS AND CHEMICALS, INC.
		
	By:	 	/s/ Jennifer L. Grant
		 	Vice President – Human Resources

  

			
	ATTEST:
		
	 	 	/s/ Linda M. Svoboda
		 	Assistant Secretary

  
 91 

 APPENDIX A 
 PARTICIPANT INVESTMENT FUNDS 
 Effective as of January 1, 2016

 Tier 1 – Life Cycle Investment Options 
  ̈ SSgA Target Retirement Income Securities Lending Series Fund Class II

 ̈ SSgA Target Retirement 2015 Securities Lending Series Fund Class II

  ̈ SSgA Target Retirement 2020 Securities Lending Series Fund
Class II 
  ̈ SSgA Target Retirement 2025 Securities Lending Series
Fund Class II 
  ̈ SSgA Target Retirement 2030 Securities Lending
Series Fund Class II 
  ̈ SSgA Target Retirement 2035 Securities
Lending Series Fund Class II 
  ̈ SSgA Target Retirement 2040
Securities Lending Series Fund Class II 
  ̈ SSgA Target Retirement
2045 Securities Lending Series Fund Class II 
  ̈ SSgA Target
Retirement 2050 Securities Lending Series Fund Class II 
  ̈ SSgA
Target Retirement 2055 Securities Lending Series Fund Class II 
  ̈
SSgA Target Retirement 2060 Securities Lending Series Fund Class II 
 Tier 2 – Core Investment Options – Passively Managed

  ̈ Spartan® 500 Index Fund (Ticker Symbol: FXAIX) 

 ̈ Spartan® Extended Market Index Fund (Ticker Symbol: FSEVX) 
  ̈ Vanguard Total Bond Market Index Fund (Ticker Symbol: VBTIX) 
  ̈ Vanguard Total International Stock Index Fund (Ticker Symbol: VTSNX) 
 Tier 3
– Core Investment Options – Actively Managed 
  ̈ Dodge & Cox Balanced
Fund (Ticker Symbol: DODBX) 
  ̈ Fidelity® International Discovery Commingled Pool 
  ̈ JPMCB Large Cap Growth Fund 
  ̈ Principal MidCap Blend Fund Institutional Class (Ticker Symbol: PCBIX) 
  ̈ Pyramis Small Capitalization Core Commingled Pool 

 ̈ Stable Value Fund 
  ̈ Vanguard Windsor II Fund – Admiral Shares (Ticker Symbol: VWNAX) 
  ̈ Western Asset Core Plus Bond – CIF R1 

  
 A-1

 Tier 4 – Other Investment Options 
  ̈ Air Products Company Stock Fund 
  ̈ Fidelity BrokerageLink® 

 ̈ Fidelity Money Market Trust Retirement Government Money Market Portfolio

 The Qualified Default Investment Alternative is the Tier 1 – Life Cycle Investment Option. Contributions will be invested in a
particular fund within that Tier based on the Participant’s age in accordance with procedures determined by the Plan Administrator. 

  
 A-2

 EXHIBIT I 
 ELIGIBLE NONUNION HOURLY LOCATIONS DESIGNATED 
 BY VICE PRESIDENT –
HUMAN RESOURCES 
 EFFECTIVE AS OF January 1, 2016: 

 

			
	 	  	 Designated Terminal

For 125% of Base Salary

	 ADAMS, NE
	  	YES
	 ASHLAND, KY
	  	YES
	 BEATRICE, NE
	  	YES
	 BETHLEHEM, PA
	  	YES
	 BOUNTIFUL, UT
	  	YES
	 BOZRAH, CT
	  	YES
	 BROOKHAVEN, MS
	  	YES
	 BURNS HARBOR, IN
	  	NO
	 BUTLER, IN
	  	YES
	 BUTLER, PA
	  	YES
	 CAMDEN, SC
	  	YES
	 CARTERSVILLE, GA

CHANDLER, AZ
	  	 YES
 YES

	 CLAREMONT, MN
	  	YES
	 CONVENT, LA
	  	NO
	 CONVENT, LA (Drivers)
	  	YES
	 CONYERS, GA
	  	YES
	 CREIGHTON, PA
	  	YES
	 DECATUR, AL
	  	YES
	 DEER PARK, TX
	  	NO
	 EAGAN, MN
	  	YES
	 GLENMONT, NY
	  	YES
	 GRAY, TN
	  	YES
	 LANCASTER, PA
	  	YES
	 LANCASTER, PA (Express Services)
	  	NO
	 LAPORTE, TX
	  	YES
	 LASALLE, IL
	  	YES
	 LIBERAL, KS
	  	YES
	 LONG BEACH, CA
	  	YES
	 MALTA BEND, MO

MANALAPAN, NJ
	  	 YES
 NO

	 MARION, IN

MCINTOSH, AL
	  	 YES
 YES

	 MEDINA, NY
	  	YES
	 MEMPHIS, TN
	  	YES
	 MIDLOTHIAN, TX
	  	YES
	 MILTON (CO2), WI
	  	YES
	 MONROE, WI
	  	YES

  
 I-1

			
	 MOORELAND, OK
	  	YES
	 NEVADA, IA
	  	YES
	 NEW MARTINSVILLE, WV
	  	YES
	 NIAGARA FALLS, NY
	  	YES
	 OAK CREEK, WI
	  	YES
	 ORLANDO, FL
	  	YES
	 PACE, FL
	  	YES
	 PARKERSBURG, WV
	  	YES
	 PRYOR, OK
	  	YES
	 PUYALLUP, WA
	  	YES
	 REIDSVILLE, NC
	  	YES
	 SHAKOPEE, MN
	  	YES
	 SMITHVILLE, MO
	  	YES
	 SPARROWS POINT, MD (Drivers)
	  	YES
	 SUFFIELD, CT
	  	YES
	 UNION CITY, IN
	  	YES
	 YORK, NE
	  	YES

  
 I-2

 EXHIBIT II 
 FORMS OF DISTRIBUTION AVAILABLE TO PARTICIPANTS WHO HAD AMOUNTS 

TRANSFERRED TO THE PLAN FROM THE IGS SAVINGS PLAN 
 (i) Forms of Payments to Participants. Participants who were previously participants in the IGS Savings Plan shall continue to have available under the Plan the forms of payment which were
available under the IGS Savings Plan, in addition to the forms of benefit provided for in Article V of the Plan; provided, however, that distribution shall automatically be made in the form of a lump sum if the value of the aggregate amounts
credited to the Participant’s Plan accounts does not exceed the amount set forth in Paragraph 3.10(c) of the Plan. Such forms of payment shall be available with respect to the balance of the Participant’s account which was transferred from
the IGS Savings Plan to the Plan in connection with the merger of the IGS Savings Plan effective March 31, 2000.  

Any distributions made pursuant to this Exhibit II or under Article V must satisfy the requirements of Code Section 401(a)(9) and
the regulations thereunder, including the minimum distribution incidental benefit requirement. The former IGS Savings Plan Participant shall have the ability to recalculate annually the life expectancy of the Participant and the Participant’s
Spouse. Any recalculation of life expectancy shall be done in accordance with Code Section 401(a)(9) and the regulations thereunder. 
 (1) Normal Form of Payment. Unless the Participant elects otherwise the aggregate amount credited to the Participant’s Plan accounts shall be made in a lump sum. The normal form of
payment shall be automatic, unless the Participant files a written request with the Administrator prior to the date on which the aggregate amounts credited to the Participant’s Plan accounts are automatically payable, electing an optional form
of payment. 

  
 II-1

 (2) Optional Forms of Payment.  

(a) The Participant shall have the right to receive the aggregate amounts credited to his or her Participant Plan accounts in monthly,
quarterly, semi-annual or annual payments from the Plan over any period not extending beyond the life expectancy of the Participant and his or her Beneficiary. 
 (b) A direct rollover will be available to the Participant and/or the Spouse under the terms of Section 5.03. 
 (ii) Forms of Death Benefit Distributions. 
 (1)
Spousal Death Benefit. On the death of a Participant, the aggregate amounts credited to the Participant’s Plan accounts will be paid to the Participant’s Surviving Spouse, or if the Surviving Spouse has consented in a manner
conforming to a Qualified Election, then to the Participant’s Designated Beneficiary. 
 The Surviving Spouse may
elect to have distribution of the aggregate amounts credited to the Participant’s Plan Accounts commence within the 90-day period following the date of the Participant’s death. The aggregate amount credited to the Participant’s Plan
Accounts shall be adjusted for gains or losses occurring after the Participant’s death in accordance with the provisions of the Plan governing the adjustment of account balances for other types of distributions. 

The Participant may waive the spousal death benefit described in this Section B(1) of this Exhibit II at any time provided that no such
waiver shall be effective unless it is a Qualified Election. 
 (2) Qualified Election. Any election to waive the
spousal death benefit of Section B(2) of this Exhibit II shall not be effective unless:  
 (a) the Participant’s
Spouse consents in writing to the election; 
 (b) the election designates a specific beneficiary, including any class of
beneficiaries or any contingent beneficiaries, which may not be changed without spousal consent (or the Spouse expressly permits designations by the Participant without any further spousal consent); 

  
 II-2

 (c) the Spouse’s consent acknowledges the effect of the election. 

If it is established to the satisfaction of the Administrator that there is no Spouse or that the Spouse cannot be located, a waiver will
be deemed a Qualified Election. Any consent by a Spouse obtained under this provision (or establishment that the consent of a Spouse may not be obtained) shall be effective only with respect to such Spouse. A consent that permits designations by the
Participant without any requirement of further consent by such Spouse has the right to limit consent to a specific beneficiary, and a specific form of benefit where applicable, and that the Spouse voluntarily elects to relinquish either or both of
such rights. A revocation of a prior waiver may be made by a Participant without the consent of the Spouse at any time before the commencement of benefits. The number of revocations shall not be limited. 

(iii) Other Distribution Provisions.  
 (1) Participant Dies After Distribution Has Begun. In the event a Participant dies after the distribution of the aggregate amounts credited to the Participant’s Plan accounts pursuant
to Code Section 401(a)(9) has begun, the distribution of the such aggregate amounts will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Participant’s death. 

(2) Participant Dies Before Distribution Has Begun. In the event a Participant dies before the distribution of the
aggregate amounts credited to the Participant’s Plan accounts pursuant to Code Section 401(a)(9) has begun, the distribution of the such aggregate amounts will be completed by December 31 of the calendar year containing the fifth
anniversary of the Participant’s death except to the extent that an election is made to receive distributions in accordance with (a) or (b) below. 

  
 II-3

 (a) If any portion of the aggregate amounts credited to the Participant’s Plan
accounts is payable to a Designated Beneficiary, distributions may be made over the life or over a period certain not greater than the life expectancy of the Designated Beneficiary commencing on or before December 31 of the calendar year
immediately following the calendar year in which the Participant died; 
 (b) If the Designated
Beneficiary is the Participant’s Surviving Spouse, the date distributions are required to begin in accordance with (a) above shall not be earlier than the later of (1) December 31 of the calendar year immediately following the
calendar year in which the Participant died or (2) December 31 of the calendar year in which the Participant would have attained age 70 1/2. 
 If the Participant has not made an election pursuant to this Section C(2) of this Exhibit II by the time of his or her death, the Participant’s Designated Beneficiary must elect the method of
distributions no later than the earlier of: (1) December 31 of the calendar year in which distributions would be required to begin under this section, or (2) December 31 of the calendar year which contains the fifth anniversary
of the date of death of the Participant. If the Participant has no Designated Beneficiary, or if the Designated Beneficiary does not elect a method of distribution, then distributions of the aggregate amounts credited to the Participant’s Plan
accounts must be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 
 For purposes of this Section C(2) of this Exhibit II, if the Surviving Spouse dies after the Participant, but before the payments to such Spouse begin, the provisions of this Section C(2) of this Exhibit
II with the exception of paragraph (b) therein, shall be applied as if the Surviving Spouse were the Participant. For the purposes of Sections C(1) and C(2) of this Exhibit II, distribution of the aggregate amounts credited to the
Participant’s Plan accounts is considered to begin on the last Business Day of March of the calendar year, which follows the calendar year in which the Participant would have attained age 70 1/2 (or, if the preceding sentence is applicable, the date distribution is required to begin to the Surviving Spouse). 

  
 II-4

 (3) Payment to Minor. For purposes of this Exhibit II, if an amount is payable
to either a minor or an individual who has been declared incompetent, the benefits shall be paid to the legally appointed guardian for the benefit of said minor or incompetent individual, unless the court which appointed the guardian has ordered
otherwise. 
 (4) Definitions. For purposes of this Exhibit II, the following definitions shall apply:

 (a) Designated Beneficiary – The individual who is designated as the beneficiary under the Plan in accordance with
Code Section 401(a)(9) and the regulations thereunder. 
 (b) Spouse or Surviving Spouse – The Spouse or Surviving
Spouse of the Participant, provided that a former Spouse will be treated as the Spouse or Surviving Spouse and a current Spouse will not be treated as the Spouse or Surviving Spouse to the extent provided under a Qualified Domestic Relations Order
as described in Code Section 414(p). 

  
 II-5

 EXHIBIT III 
 PLAN ELECTIONS 
 The following elections have been made in accordance with
various sections of the Plan and are applicable only with respect to the Plan Years specifically indicated below, except as otherwise required by applicable law: 
  

					
	 Year Election Applies
	  	 Applicable Plan Section
	  	 Election

	 1997
	  	3.07(b)(i),(ii), and (iii) (pages 30-33)	  	Current year data used to perform ADP, ACP, and multiple use testing.

 This Exhibit III may be revised from time to time by the Vice President – Human Resources without amendment to the
Plan, provided his/her signature appears below along with the Signature Date. 

  
 III-1

 SCHEDULE I 
 PARTICIPATING EMPLOYERS 
 AS OF 1 JANUARY 2016 

 

					
	 Name of Affiliated Company
	  	 Participating Employer Since Date
	  	 Revocation Date

	 ProCal
	  	2 March 2015	  	N/A
	 Air Products Energy Enterprising, Inc.
	  	Continuing	  	N/A
	 Air Products Helium, Inc.
	  	Continuing	  	N/A
	 Air Products Manufacturing Co., Inc.
	  	Continuing	  	N/A
	 Air Products LLC
	  	1 June 2007	  	N/A
	Air Products Performance Manufacturing, Inc. (formerly known as “Tomah Products, Inc.” and “Tomah Reserve, Inc.”)	  	1 April 2006	  	N/A

  
 S-1

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