Document:

Exhibit 10(v)

Exhibit 10(v)

GE Supplementary

Pension Plan

(Effective July 1, 2000)

 

Section I.

Eligible Employees

Each Employee who is assigned to the GE Executive or higher Career Band (or a position of equivalent responsibility as determined by the Pension Board), who has five or more years of Pension Qualification Service and
who is a participant in the GE Pension Plan shall be eligible to participate, and shall participate, in this Supplementary Pension Plan to the extent of the benefits provided herein, provided that:

  (a) the foregoing shall not apply to an Employee of a Company other than General Electric Company which has not agreed to bear the cost of this Plan with respect to its Employees, and

  (b) except as provided in Section V, an Employee who retires under the optional retirement provisions of the GE Pension Plan before the first day of the month following attainment of age 60, or an Employee who leaves the
Service of the Company before attainment of age 60, shall not be eligible for a Supplementary Pension under this Plan.

An employee of any other company who participates in the GE Pension Plan, though the employing company does not participate in the GE Pension Plan, shall be eligible for benefits under this Plan, provided that such employee
meets the job position requirement specified above, and the employee's participation in the Supplementary Pension Plan is accepted by the Pension Board.

An Employee who was eligible to participate in this Plan by virtue of his assigned position level or position of equivalent responsibility throughout any consecutive three years of the fifteen year period ending on the last
day of the month preceding his termination of Service date for retirement and who meets the other requirements specified in this Section shall be eligible for the benefits provided herein even though he does not meet the eligibility requirements on the
date his Service terminates.

Section II.

Definitions

  (a)  Annual Estimated Social Security Benefit - The Annual Estimated Social Security Benefit shall mean the annual equivalent of the maximum possible Primary Insurance Amount payable, after reduction for early
retirement, as an old-age benefit to an employee who retired at age 62 on January 1st of the calendar year in which occurred the Employee's actual date of retirement or death, whichever is earlier.  Such Annual Estimated Social Security Benefit shall be
determined by the Company in accordance with the Federal Social Security Act in effect at the end of the calendar year immediately preceding such January 1st.

For determinations which become effective on or after January 1, 1978, if an Employee has less than 35 years of Pension Benefit Service, the Annual Estimated Social Security Benefit shall be the amount determined under the
first paragraph of this definition hereof multiplied by a factor, the numerator of which shall be the number of years of the Employee's Pension Benefit Service to his date of retirement or death, whichever is earlier, and the denominator of which shall be
35.

The Annual Estimated Social Security Benefit as so determined shall be adjusted to include any social security, severance or similar benefit provided under foreign law or regulation as the Pension Board may prescribe.

(b)  Annual Pension Payable under the GE Pension Plan - The Annual Pension Payable under the GE Pension Plan shall mean the sum of (1) the total annual past service annuity, future service annuity and Personal
Pension Account Annuity deemed to be credited to the Employee as of his date of retirement or death, whichever is earlier, plus any additional annual amount required to provide the minimum pension under the GE Pension Plan and (2) any annual pension (or
the annual pension equivalent of other forms of payment) payable under any other pension plan, policy, contract, or government program attributable to periods for which Pension Benefit Service is granted by the Chairman of the Board or the Pension Board
or is credited by the GE Pension Plan provided the Pension Board determines such annual pension shall be deductible from the benefit payable under this Plan.  All such amounts shall be determined before application of any reduction factors for optional or
disability retirement, for election of any optional form of Pension at retirement, a qualified domestic relations order(s), if any, or in connection with any other adjustment made pursuant to the GE Pension Plan or any other pension plan. 

For the purposes of this paragraph, the Employee's Annual Pension Payable under the GE Pension Plan shall include the Personal Pension Account Annuity deemed payable to the Employee or the Employee's spouse on the date of
the Employee's retirement or death as the case may be, regardless of whether such annuity commenced on such date.

(c)  Annual Retirement Income - For Employees who retire on or after July 1, 1988, or who die in active Service on or after such date, an Employee's Annual Retirement Income shall mean the amount determined by
multiplying 1.75% of the Employee's Average Annual Compensation by the number of years of Pension Benefit Service completed by the Employee at the date of his retirement or death, whichever is earlier.

  (d) Average Annual Compensation  - Average Annual Compensation means one-third of the Employee's Compensation for the highest 36 consecutive months during the last 120 completed months before his
date of retirement or death, whichever is earlier.  In computing an Employee's Average Annual Compensation, his normal straight-time earnings shall be substituted for his actual Compensation for any month in which such normal straight-time earnings are
greater.  The Pension Board shall specify the basis for determining any Employee's Compensation for any portion of the 120 completed months used to compute the Employee's Average Annual Compensation during which the Employee was not employed by an
Employer participating in this Plan.

(e) Compensation - For periods after December 31, 1969 "Compensation" for the purposes of this Plan shall mean with respect to the period in question salary (including any deferred salary approved by the
Pension Board as compensation for purposes of this Plan) plus:

(1) for persons then eligible for Incentive Compensation, the total amount of any Incentive Compensation earned except to the extent such Incentive Compensation is excluded by the Board of Directors or a committee thereof;

(2) for persons who would then have been eligible for Incentive Compensation if they had not been participants in a Sales Commission Plan or other variable compensation plan, the total amount of sales commissions (or other
variable compensation earned);

(3) for all other persons, the sales commissions and other variable compensation earned by them but only to the extent such earnings were then included under the GE Pension Plan;

plus any amounts (other than salary and those mentioned in clauses (1) through (3) above) which were then included as Compensation under the GE Pension Plan except any amounts which the Pension Board may exclude from the
computation of "Compensation" and subject to the powers of the Committee under Section IX hereof.

For periods before January 1, 1970, "Compensation" for the purposes of this Plan has the same meaning as under the GE Pension Plan applying the rules in effect during such periods.

The definition set forth in this paragraph (e) shall apply to the calculation of any and all Supplementary Pension benefits payable on and after January 1, 1976.  All such payments made prior to January 1, 1976 shall be
determined in accordance with the terms of the Plan in effect prior to such date.  

(f) Officers - Officers shall mean the Chairman of the Board, the Vice Chairmen, the President, the Vice Presidents, Officer Equivalents and such other Employees as the Committee referred to in Section IX hereof may
designate.

(g) Pension Benefit Service - Pension Benefit Service shall have the same meaning herein as in the GE Pension Plan except that for periods before January 1, 1976 the term Credited Service as a full-time Employee
shall also include all Service credited under the GE Pension Plan to such Employee for any period during which he was a full-time Employee for purposes of such GE Pension Plan.

Pension Benefit Service shall also include:

(1)  any period of Service with the Company or an Affiliate as the Pension Board may otherwise provide by rules and regulations issued with respect to this Plan, and, 

(2)  any period of service with another employer as may be approved from time
to time by the Chairman of the Board but only to the extent that any conditions specified in such approval have been met.

(h) Pension Qualification Service  - Pension Qualification Service shall have the same meaning herein as in the GE Pension Plan except that for periods before January 1, 1976 the term Credited
Service used in determining such Pension Qualification Service shall mean only Service for which an Employee is credited with a past service annuity or a future service annuity under the GE Pension Plan (plus his first year of Service where such year is
recognized as additional Credited Service under that Plan), except as the Pension Board may otherwise provide by rules and regulations issued with respect to this Plan.

All other terms used in this Plan which are defined in the GE Pension Plan shall have the same meanings herein as therein, unless otherwise expressly provided in this Plan.

Section III.

Amount of Supplementary Pension at or After Normal Retirement

(a) The annual Supplementary Pension payable to an eligible Employee who retires on or after his normal retirement date under the GE Pension Plan shall be equal to the excess, if any, of the Employee's Annual Retirement
Income, over the sum of:

(1) the Employee's Annual Pension Payable under the GE Pension Plan;

(2) 1/2 of the Employee's Annual Estimated Social Security Benefit;

(3) the Employee's annual excess benefit, if any, payable under the GE
Excess Benefit Plan; and

(4) The Employee's annual benefit, if any, payable under the GE Executive
Special Early Retirement Option and Plant Closing Retirement Option Plan.

Such Supplementary Pension shall be subject to the limitations specified in Section IX.

(b) The Supplementary Pension of an Employee who continues in the Service of the Company or an Affiliate after his normal retirement date shall not commence before his actual retirement date following termination of
Service, regardless of whether such Employee has attained age 70-1/2 and commenced receiving his pension under the GE Pension Plan.

Section IV.

Amount of Supplementary Pension at Optional or Disability Retirement

(a) The annual Supplementary Pension payable to an eligible Employee who, following attainment of age 60, retires on an optional retirement date under Section V.1. of  the GE Pension Plan shall be computed in the manner
provided by Section III(a) (for an Employee retiring on his normal retirement date) but taking into account only Pension Benefit Service and Average Annual Compensation to the actual date of optional retirement.  Such Supplementary Pension shall be
subject to the limitations specified in Section IX.

(b) The annual Supplementary Pension payable to an eligible Employee who retires on a Disability Pension under Section VII of the GE Pension Plan shall first be computed in the manner provided by Section III(a) (for an
Employee retiring on his normal retirement date) taking into account only Pension Benefit Service and Average Annual Compensation to the actual date of disability retirement but in the case of an eligible Employee whose date of retirement precedes the
first day of the month following his attainment of age 60, such Supplementary Pension shall then be reduced using the reduction factor specified under Section VII.3. of the GE Pension Plan.  Such Supplementary Pension shall be subject to the limitations
specified in Section IX.

If the Disability Pension payable to the Employee under the GE Pension Plan is discontinued thereunder as a result of the cessation of the Employee's disability prior to the attainment of age 60 or otherwise, the
Supplementary Pension provided under this Section IV shall also be discontinued.

Section V.

Special Benefit Protection for Certain Employees

(a) A former Employee whose Service with the Company is terminated on or after June 27, 1988 and after completion of 25 or more years of Pension Qualification Service who does not withdraw his contributions from the GE
Pension Plan before retirement and who meets one of the following conditions shall be eligible for a Supplementary Pension under this Plan commencing upon his retirement under the GE Pension Plan following attainment of age 60:

(1) The Employee's Service is terminated because of a Plant Closing.

(2) The Employee's Service is terminated for transfer to a successor employer.  The conditions of this paragraph (2) shall not be satisfied, however, if the transferred Employee retires under the GE Pension Plan before July
1, 2000 and prior to the later of (A) his termination of service with the successor employer and (B) the first of the month following attainment of age 60.

(3) The Employee's Service terminated after one year on layoff with protected service.

Effective July 1, 1994 and regardless of whether the Employee terminated Service on, before or after such date, for purposes of this Section V(a) and any other provision of this Plan, a former Employee will be deemed to
have withdrawn his contributions from the GE Pension Plan at such time the payment of benefits attributable to such contributions commences, regardless of whether such contributions are paid in the form of a lump sum or an annuity.

(b) In determining the Supplementary Pension, if any, for Employees who meet the conditions in Section V(a), the Average Annual Compensation shall be based on the last 120 completed months before his Service termination
date and the Annual Estimated Social Security Benefit shall be determined as though the employee's retirement date was the date of termination.

Section VI.

Survivor Benefits

If a survivor benefit applies with respect to the past and future service annuity portion of an Employee's pension under the GE Pension Plan, such survivor benefit shall automatically apply to any Supplementary Pension for
which he may be eligible under this Plan.  His Supplementary Pension shall be adjusted and paid in the same manner as such pension payable under the GE Pension Plan is adjusted and paid on account of such survivor benefit.

Section VII.

Payments Upon Death

If an eligible Employee dies in active Service, or following retirement on a Supplementary Pension, or if a former Employee entitled to a Supplementary Pension pursuant to Section V dies prior to such retirement, and a
death benefit (other than a return of Employee contributions with interest including an Employee's Personal and Voluntary Pension Accounts) is payable to the beneficiary or Surviving Spouse of such Employee under the GE Pension Plan, a death benefit shall
also be payable to the beneficiary or Surviving Spouse under this Supplementary Pension Plan.  Any such death benefit payable under this Plan shall be computed and paid in the same manner as the death benefit payable under the GE Pension Plan but shall be
based on the Supplementary Pension payable under this Plan.

Section VIII.

Employees Retired Before July 1, 1973

[Reserved-See Section VIII of this Plan prior to this restatement.]

Section IX.

Limitation on Benefits

(a)  Notwithstanding any provision of this Plan to the contrary, if the sum of:

(1)  the Supplementary Pension (before application of any reduction factor for disability retirement or a survivor benefit) otherwise payable to an Employee hereunder;

(2)  the Employee's Annual Pension Payable under the GE Pension Plan;

(3) 100% of the Annual Estimated Social Security Benefit but before any adjustment for less than 35 years of Pension Benefit Service;

(4) the Employee's annual excess benefit, if any, payable under the GE Excess Benefit Plan; and

(5) The Employee's annual benefit, if any, payable under the GE Executive Special Early Retirement Option and Plant Closing Retirement Option Plan;

exceeds 60% of his Average Annual Compensation, such Supplementary Pension shall be reduced by the amount of the excess.

(b)  Notwithstanding any provision in this Plan to the contrary, the amount of Supplementary Pension and any death or survivor benefit payable to or on behalf of any Employee who is or was an Officer shall be determined in
accordance with such general rules and regulations as may be adopted by a Committee appointed by the Board of Directors for such purpose, subject to the limitation that any such Supplementary Pension or death benefit may not exceed the amount which would
be payable hereunder in the absence of such rules and regulations. 

Section X

Payment of benefits

(a)  Payment of Supplementary Pensions provided for herein shall be in the same form as distribution is made pursuant to the Participant's election under the GE Pension Plan.  Consistent with the foregoing, Supplementary
Pensions shall be payable in monthly installments, each equal to 1/12th of the annual amount determined under the applicable Section.  In addition, the provisions of the GE Pension Plan with respect to the following shall apply to amounts payable under
this Plan:

(1)  The dates of first and last payment of any Pension. 

  (2)  Treatment of amounts payable to a missing person.

In no event shall the accelerated payment option of Section XI.4.b.(iii) of the GE Pension Plan apply with respect to this Plan.

(b)  If an Employee's Pension under the GE Pension Plan is suspended for any month in accordance with the re-employment provisions of that Plan (or would be suspended if he had such a Pension), the Employee's Supplementary
Pension for that month shall be suspended under this Plan.  In addition, the re-employment provisions of the GE Pension Plan with respect to the computation of benefits payable upon retirement at the end of the period of re-employment shall apply to
amounts payable under this Plan.

(c) An Employee's beneficiary for the purposes of this Plan shall be the beneficiary designated by him under the GE Pension Plan, except in those instances where a separate beneficiary designation is in effect under this
Plan.  The provisions of the GE Pension Plan with respect to the designation or selection of a beneficiary shall apply to the designation or selection of a beneficiary under this Plan, except that the requirement of the Spouse's Consent to the designation
or selection of a beneficiary by the Employee shall not apply.

Section XI.

Administration

(a) This Plan shall be administered by the Pension Board, which shall have authority to make, amend, interpret and enforce all appropriate rules and regulations for the administration of this Plan and decide or resolve in
its sole and absolute discretion any and all questions or claims, including interpretations of this Plan, as may arise in connection with this Plan.

(b)  In the administration of this Plan, the Pension Board may, from time to time, employ agents and delegate to them such administrative duties as it sees fit and may from time to time consult with counsel who may also
serve as counsel to the Company.

(c)  The decision or action of the Pension Board in respect of any question arising out of or in connection with the administration, interpretation and application of this Plan and the rules and regulations hereunder shall
be final and conclusive and binding upon all persons having any interest in the Plan or making any claim hereunder.

Section XII.

Termination, Suspension or Amendment

The Board of Directors may, in its sole discretion, terminate, suspend or amend this Plan at any time or from time to time, in whole or in part.  However, no such termination, suspension or amendment shall adversely affect
(a) the benefits of any Employee who retired under the Plan prior to the date of such termination, suspension or amendment or (b) the right of any then current Employee to receive upon retirement, or of his or her Surviving Spouse or beneficiary to
receive upon such Employee's death, the amount as a Supplementary Pension or death benefit, as the case may be, to which such person would have been entitled under this Plan computed to the date of such termination, suspension or amendment, taking into
account the Employee's Pension Benefit Service and Average Annual Compensation calculated as of the date of such termination, suspension or amendment.

Section XIII.

Adjustments in Supplementary Pension Following Retirement

(a)  Effective January 1, 1975, the amount of Supplementary Pension then payable to any Employee who retired before January 1, 1975 shall be reduced by the amount of any increase which becomes effective January 1, 1975 in
the Pension payable under the GE Pension Plan to such Employee.

(b)  If the Pension payable under the GE Pension Plan to any Employee is increased following his retirement which increase becomes effective after January 1, 1975, the amount of the Supplementary Pension thereafter payable
to such Employee under this Supplementary Pension Plan shall be determined by the Board of Directors.

(c)  Effective November 1, 1977, if the benefit payable to a pensioner or Surviving Spouse under the GE Pension Plan is increased in accordance with paragraphs 25 (a), (b) or (c) of  Section XIV of that Plan, the
Supplementary Pension or death benefit, if any, payable under this Plan to such pensioner or Surviving Spouse on and after November 1, 1977 shall be increased by the same percentage.  Any such increase shall not be reduced by the percentage limitations
specified in Section IX.

(d)  Effective May 1, 1979, if the benefit payable to a pensioner or Surviving Spouse under the GE Pension Plan is increased by a percentage in accordance with paragraphs 26 (a), (b) or (c) of Section XIV of that Plan, or
would have been increased by a percentage in accordance with such paragraphs except for the fact that such pensioner or Surviving Spouse received a lump-sum settlement under the GE Pension Plan, the Supplementary Pension or death benefit, if any, payable
under this Plan to such pensioner or Surviving Spouse on and after May 1, 1979 shall be increased by the same percentage.  Any such increase shall not be reduced by the percentage limitations specified in Section IX.

(e)  If the Pension benefit or Service credits under the GE Pension Plan are increased for a retired employee in accordance with paragraph 27 or 28 of Section XIV of that Plan, or in accordance with the opportunity made
available under that Plan effective January 1, 1980 to make up Employee contributions plus interest for periods during which the Employee was otherwise eligible but failed to participate because of late enrollment or voluntary suspension, the
Supplementary Pension payable to the Employee under this Plan shall be recalculated to take any such increase into account.  For this purpose, Section III of this Plan as amended effective July 1, 1979 shall apply.  Any change in the Employee's
Supplementary Pension shall take effect on the same date as the corresponding change under the GE Pension Plan.

(f) Effective February 1, 1981, if the benefit payable to a pensioner or Surviving Spouse under the GE Pension Plan is increased by a percentage in accordance with paragraphs 29 (a), (b) or (c) of Section XIV of that Plan,
or would have been increased by a percentage in accordance with such paragraphs except for the fact that such pensioner or Surviving Spouse received a lump sum settlement under the GE Pension Plan, the Supplementary Pension or death benefit, if any,
payable under this Plan to such pensioner or Surviving Spouse on and after February 1, 1981 shall be increased by the same percentage.  Any such increase shall not be reduced by the percentage limitations specified in Section IX.

(g) Effective January 1, 1983, if the benefit payable to a pensioner under the GE Pension Plan is increased in accordance with paragraph 30 of Section XIV of that Plan, the Supplementary Pension payable to the pensioner
under this Plan shall be recalculated to take any such increase into account.  Any change in the Supplementary Pension shall take effect on the same date as the corresponding change under the GE Pension Plan.

(h) Effective December 1, 1984, if the benefit payable to a pensioner or Surviving Spouse under the GE Pension Plan is increased by a percentage in accordance with paragraph 32 (a), (b) or (c) of Section XIV of that Plan,
or would have been increased by a percentage in accordance with such paragraphs except for the fact that such pensioner or Surviving Spouse received a lump-sum settlement under the GE Pension Plan, the Supplementary Pension or death benefit, if any,
payable under this Plan to such pensioner or Surviving Spouse on and after December 1, 1984, shall be increased by the same percentage.  Any such increase shall not be reduced by the percentage limitations specified in Section IX.

(i) Effective July 1, 1985, if the benefit payable to a pensioner under the GE Pension Plan is increased in accordance with paragraph 34 of Section XIV of that Plan, the Supplementary Pension payable to the pensioner under
this Plan shall be recalculated to take any such increase into account.  Any change in the Supplementary Pension shall take effect on the same date as the corresponding change under the GE Pension Plan.

(j) Effective January 1, 1988, if the benefit payable to a pensioner or Surviving Spouse under the GE Pension Plan is increased by a percentage in accordance with paragraph 35 of Section XIV of that Plan, or would have been
increased by a percentage in accordance with such paragraph except for the fact that such pensioner or Surviving Spouse received a lump sum settlement under the GE Pension Plan, the Supplementary Pension or death benefit, if any, payable under this Plan
to such pensioner or Surviving Spouse on and after January 1, 1988 shall be increased by the same percentage.  Any such increase shall not be reduced by the percentage limitations specified in Section IX.

(k) Effective July 1, 1988, if the benefit payable to a pensioner under the GE Pension Plan or the GE Excess Benefit Plan is increased as a result of paragraph 36 of Section XIV of the GE Pension Plan, the Supplementary
Pension payable to the pensioner under this Plan shall be recalculated to take any such increase into account.  Any change in the Supplementary Pension shall take effect on the same date as the corresponding increase under the GE Pension Plan or GE Excess
Benefit Plan.

(l) Effective July 1, 1991, if the benefit payable to a pensioner or Surviving Spouse under the GE Pension Plan is increased by a percentage in accordance with paragraph 37 of Section XIV of that Plan, or would have been
increased by a percentage in accordance with such paragraph except for the fact that such pensioner or Surviving Spouse received a lump sum settlement  under the GE Pension Plan, the Supplementary Pension or death benefit, if any, payable under this Plan
to such pensioner or Surviving Spouse on and after January 1, 1991 shall be increased by the same percentage.  Any such increase shall not be reduced by the percentage limitations specified in Section IX.

  (m) Effective December 1, 1991, if the benefit payable to a pensioner under the GE Pension Plan, the GE Excess Benefit Plan or GE Executive Special Early Retirement Option and Plant Closing Retirement Option Plan is
increased as a result of paragraph 38 of Section XIV of the GE Pension Plan, the Supplementary Pension payable to the pensioner under this Plan shall be recalculated to take any such increase into account.  Any change in the Supplementary Pension shall
take effect on the same date as the corresponding increase under the GE Pension Plan, GE Excess Benefit Plan or GE Executive Special Early Retirement Option and Plant Closing Retirement Option Plan.
  
(n) Effective December 1, 1994, if the benefit payable to a pensioner under the GE Pension Plan, the GE Excess Benefit Plan or the GE Executive Special Early Retirement Option and Plant Closing Retirement Option Plan is
increased as a result of paragraph 39 of Section XIV of the GE Pension Plan, the Supplementary Pension payable to the pensioner under this Plan shall be recalculated to take any such increase into account.  Any change in the Supplementary Pension shall
take effect on the same date as the corresponding increase under the GE Pension Plan, GE Excess Benefit Plan or GE Executive Special Early Retirement Option and Plant Closing Retirement Option Plan.
  
(o) Effective November 1, 1996, if the benefit payable under the GE Pension Plan or the GE Excess Benefit Plan is increased as a result of paragraph 47, 48 or 49 of Section XIV of the GE Pension Plan, said increase shall
be disregarded for purposes of calculating the amount payable under this Plan.

(p) Effective December 1, 1997, if the benefit payable to a pensioner under the GE Pension Plan, the GE Excess Benefit Plan or the GE Executive Special Early Retirement Option and Plant Closing Retirement Option Plan is
increased as a result of paragraph 51 of Section XIV of the GE Pension Plan, the Supplementary Pension payable to the pensioner under this Plan shall be recalculated to take any such increase into account.  Any change in the Supplementary Pension shall
take effect on the same date as the corresponding increase under the GE Pension Plan, GE Excess Benefit Plan or GE Executive Special Early Retirement Option and Plant Closing Retirement Option Plan.

(q) Effective May 1, 2000, if the benefit payable under the GE Pension Plan or the GE Excess Benefit Plan is increased as a result of paragraph 54, 55 or 56 of Section XIV of the GE Pension Plan, said increase shall be
disregarded for purposes of calculating the amount payable under this Plan.

(r) Effective December 1, 2000, if the benefit payable to a pensioner under the GE Pension Plan, the GE Excess Benefit Plan or the GE Executive Special Early Retirement Option and Plant Closing Retirement Option Plan is
increased as a result of paragraph 58 of Section XIV of the GE Pension Plan, the Supplementary Pension payable to the pensioner under this Plan shall be recalculated to take any such increase into account.  Any change in the Supplementary Pension shall
take effect on the same date as the corresponding increase under the GE Pension Plan, GE Excess Benefit Plan or GE Executive Special Early Retirement Option and Plant Closing Retirement Option Plan.

Section XIV.

General Conditions

(a) No interest of an Employee, retired employee (whether retired before or after July 1, 1973), Surviving Spouse or beneficiary under this Plan and no benefit payable hereunder shall be assigned as security for a loan, and
any such purported assignment shall be null, void and of no effect, nor shall any such interest or any such benefit be subject in any manner, either voluntarily or involuntarily, to anticipation, sale, transfer, assignment or encumbrance by or through an
Employee, retired employee, Surviving Spouse or beneficiary.  If any attempt is made to alienate, pledge or charge any such interest or any such benefit for any debt, liabilities in tort or contract, or otherwise, of any Employee, retired employee,
Surviving Spouse, or beneficiary, contrary to the prohibitions of the preceding sentence, then the Pension Board in its discretion may suspend or forfeit the interests of such person and during the period of such suspension, or in case of forfeiture, the
Pension Board shall hold such interest for the benefit of, or shall make the benefit payments to which such person would otherwise be entitled to the designated beneficiary or to some member of such Employee's, retired employee's, Surviving Spouse's or
beneficiary's family to be selected in the discretion of the Pension Board.  Similarly, in cases of misconduct, incapacity or disability, the Pension Board, in its sole discretion, may make payments to some member of the family of any of the foregoing to
be selected by it or to whomsoever it may determine is best fitted to receive or administer such payments.

(b) No Employee and no other person shall have any legal or equitable rights or interest in this Plan that are not expressly granted in this Plan.  Participation in this Plan does not give any person any right to be
retained in the Service of his employer.  The right and power of the Company to dismiss or discharge any Employee is expressly reserved.

(c) Except to the extent that the same are governed by the Act, the law of the State of New York shall govern the construction and administration of this Plan.

(d) The rights under this Plan of an Employee who leaves the Service of the Company at any time and the rights of anyone entitled to receive any payments under the Plan by reason of the death of such Employee, shall be
governed by the provisions of the Plan in effect on the date such Employee leaves the Service of the Company, except as otherwise specifically provided in this Plan.FORM 10(W)

                      GE EXECUTIVE LIFE INSURANCE AGREEMENT
                                (Rev. Sept. 2000)

   THIS AGREEMENT made and entered into effective the __________________________

day of ________________ , 20__, by and between General Electric Company
("Employer"), and  _______________________________ ("Owner");

   WHEREAS, _______________________________ ("Employee") is a valued employee of
Employer and Employer wishes to retain him in its employ; and

   WHEREAS, as an inducement to Employee's continued employment, Employer wishes
to assist Employee with his personal life insurance program by entering into
this Life Insurance Agreement with the Owner.

   NOW, THEREFORE, the Employer and Owner agree as follows:

1. IDENTIFICATION OF POLICY. This Agreement relates to the life
insurance policy ("Policy") issued by Metropolitan Life Insurance Company
("Insurer") which is described on Exhibit A of this Agreement. Exhibit A shall
be updated annually as determined by the Employer effective each ____________
1st during the term of this Agreement.

2. OWNERSHIP OF POLICY. Owner or Owner's transferee (hereinafter
collectively "Owner") shall be the owner of the Policy, and may exercise all
ownership rights granted to the Owner by the terms of the Policy.
Notwithstanding any other provisions of this Agreement or any form of policy
assignment executed by Owner in connection with this Agreement, it is the
express intention of the parties to reserve to the Owner all rights in and to
the Policy granted to the Owner by its terms, including, but not limited to, the
right to assign the Owner's interest in the Policy, the right to change the
beneficiary of the Policy, the right to exercise settlement options, the right
to borrow against the cash value of the Policy, and the right to surrender or
cancel the Policy, in whole or in part. Employer shall neither have nor exercise
any right in or to the Policy which could, in any way, endanger, defeat or
impair any of the rights of the Owner in the Policy, including the right to
collect the proceeds of the Policy in excess of the amount due the Employer, as
provided in this Agreement. The only rights in and to the Policy granted to the
Employer shall be limited to its security interest in the "surrender value" of
the Policy, which for all purposes of this Agreement shall be as defined in the
Policy, and a portion of the death benefit of the Policy, as hereinafter
provided. The Employer shall not assign any of its rights in the Policy to
anyone other than the Owner.

3.  PREMIUM. The Owner shall contribute to the Employer an amount equal
to the annual economic benefit derived by the Owner (as determined by the
Employer in accordance with Revenue Rulings 64-328 and 66-110 and set forth in
item 7 of Exhibit A), or, if less, the premium for the year as set forth in item
6 of Exhibit A. If the Owner is also the Employee, such contribution shall be
made by periodic payroll deductions. If the Owner is other than the Employee,
the Owner shall pay the Owner's portion of the premium to the Employer in a lump
sum at the beginning of each Policy year. The Employer shall pay the remainder
of each total premium on the Policy. The total annual premium due on such
Policy, effective ___________ 1st of each year during the term of this
Agreement, shall be set forth in item 6 of Exhibit A of this Agreement, as
determined by the Employer.

4.  COLLATERAL ASSIGNMENT. Contemporaneously with this Agreement, the
Owner has made a collateral assignment of the Policy to the Employer under the
form of Assignment attached as Exhibit B, as it may be amended from time to time
to reflect any modifications to Exhibit A with respect to the Insurer or policy
number, which Assignment gives the Employer the right to recover the premiums it
has paid on the Policy less amounts received under this Agreement from the Owner
("net premium outlay") from the surrender value of the Policy and to recover a
portion of the death benefit of the Policy. The interest of the Employer in and
to the Policy shall be specifically limited to the following rights:

a. The right to recover the lesser of its net premium outlay or the surrender
   value of the Policy in the event the Policy is totally surrendered or
   cancelled by the Owner, or the right to receive the surrender proceeds to the
   extent of its net premium outlay in the event the Policy is partially
   surrendered by the Owner as provided in paragraph 5;

b. The right to recover the death benefit proceeds remaining after the Owner's
   death benefit set forth in item 5 of Exhibit A has been paid to the Owner's
   designated beneficiary upon the death of Employee, as provided in paragraph 7
   below;

c. The right to recover the lesser of its net premium outlay or the surrender
   value of the Policy, or to receive ownership of the Policy, in the event of
   termination of this Agreement, as provided in paragraphs 6(b), 6(c) and 6(d)
   below; and

d. The right to recover its net premium outlay to the extent a Policy loan made
   by the Owner in any year exceeds the lesser of the Owner's portion of the
   premium for that year as specified in item 7 of Exhibit A or the increase for
   that year in the surrender value of the Policy, as provided in paragraph 8.

5.  SURRENDER OR CANCELLATION. The Owner shall have the sole right to
surrender or cancel the Policy, in whole or in part, and to receive the
surrender value, subject to the provisions of this paragraph 5. In the event of
any partial or complete surrender or cancellation, the Employer shall be
provided with written notice of such surrender or cancellation at least fifteen
(15) days prior to a distribution from the Insurer. Subject to paragraph 6, in
the event of any partial surrender, the Employer shall be entitled to recover
the lesser of its net premium outlay or the surrender proceeds. In the event of
a complete surrender or cancellation, the Employer shall be entitled to recover
the lesser of its net premium outlay or the surrender value of the Policy.

6.  TERMINATION OF AGREEMENT.

     a.   This Agreement shall terminate upon the earlier to occur of:

          (1)  The date on which either party to the Agreement provides notice
               in writing to the other party of the desire to terminate; or

          (2)  The Employee's termination of employment (other than retirement,
               disability or other Company approved separation) with the
               Employer; or

          (3)  The latter of:

               (a)  The tenth anniversary of the effective date of this
                    Agreement; or

               (b)  The date on which the Employee attains age 60.

     b.   Within thirty (30) days following the termination of this Agreement,
          the Owner shall pay to the Employer the Employer's net premium outlay.
          Upon receipt by the Employer of such amount, the Employer shall
          execute an appropriate instrument of release of the Assignment of the
          Policy.

     c.   If the Owner fails to pay such amount within such thirty (30) day
          period, the Owner shall execute any and all instruments that may be
          required to vest ownership of the Policy in the Employer. Thereafter,
          the Owner shall have no further interest in the Policy.

     d.   If the Owner fails to surrender the policy and execute the instruments
          required by paragraph 6(b) within such thirty (30) day period, the
          Employer may notify the Insurer that the Employer intends to exercise
          its rights under the Assignment. In such event, the Insurer shall pay
          to the Employer the net premium outlay specified in paragraph 6(b).

7. DEATH. Upon the death of Employee, the Employer shall receive its net premium
outlay. The balance of the death benefit provided under the Policy, if any,
shall be paid directly to the beneficiary.

8. LOANS. The Owner shall have the sole right to borrow against the Policy, and
the Employer shall have no right to obtain loans against the Policy, directly or
indirectly, from the Insurer or from any other person, or to pledge or assign
the Policy as security for any loan. If the Owner in any Policy year borrows
from the Policy an amount in excess of the Owner's portion of the annual premium
specified in item 7 of Exhibit A for that year or the increase in the surrender
value of the Policy for the year, whichever is less, the Employer shall be
entitled to receive such excess amount, to the extent of its net premium outlay
under this Agreement. The Owner shall pay any interest due on any Policy loan it
obtains.

9. TRANSFEREE. In the event Owner shall transfer all of its interest in the
Policy, then all of Owner's interest in the Policy and in this Agreement shall
be vested in its transferee, who shall be substituted as a party under this
Agreement, and the transferring Owner shall have no further interest in the
Policy or in this Agreement.

10. SUCCESSORS AND ASSIGNS. This Agreement shall bind Employer, its successors
and assigns, and Owner and their heirs, executors, administrators and
transferees, and any Policy beneficiary. The Employer agrees that it will not
merge or consolidate with another employer, corporation, or organization, or
permit its business and activities to be taken over by any other organization
unless or until the succeeding or continuing employer, corporation or other
organization shall expressly assume the rights and obligations of the Employer
set forth in this Agreement.

11. EFFECT ON EMPLOYMENT. This Agreement shall not be deemed to constitute a
contract of employment between the parties, nor shall any provision restrict the
right of Employee to terminate his employment, at any time not in contravention
of any applicable employment agreement.

12. INSURER. The Insurer shall be bound only by the provisions of and
endorsements on the Policy, and any payments made or action taken by it in
accordance with the Policy shall fully discharge it from all claims, suits and
demands of all persons whatsoever. Except as specifically provided by
endorsement on the Policy and as provided in the Assignment, the Insurer shall
in no way be bound by the provisions of this Agreement.

13. PAYMENT. It is agreed that benefits may be paid under the Policy by the
Insurer either by separate checks to the parties entitled thereto, or by joint
check. In the latter instance, the Owner and the Employer agree that benefits
shall be divided as provided herein.

14. AMENDMENT. Except as provided in paragraph 6 and in paragraphs 1 and 3
pertaining to Exhibit A, this Agreement may not be cancelled, amended, altered
or modified, except by a written instrument signed by all of the parties.

15. NOTICES. Any notice, consent or demand required or permitted to be given
under the provisions of this Agreement by one party to another shall be in
writing, shall be signed by the party giving or making the same, and may be
given either by delivering the same to such other party personally, or by
mailing the same, by United States certified mail, postage prepaid, to such
party, addressed to his, her or its last known address as shown on the records
of the Employer. The date of such mailing shall be deemed the date of such
mailed notice, consent or demand.

16. GENDER AND NUMBER. Whenever any words are used herein in the masculine
gender, they shall be construed as though they were also used in the feminine or
neuter gender in all cases where they would so apply, and whenever any words are
used herein in the singular or plural form, they shall be construed as though
they were also used in the other form in all cases where they would so apply.

17. CONTROLLING LAW. This Agreement, and the rights of the parties hereunder,
shall be governed by and construed pursuant to the laws of the State of New York
except to the extent preempted by federal law.

IN WITNESS WHEREOF, the parties have executed this Agreement effective the day
and year first above written.

Owner's Signature:                               General Electric Company

----------------------------                   By
                                                   ---------------------------
----------------------------                       Senior Vice President -
        Print Name                                 Corporate Human Resources

--------------------------------------------------------------------------------
<PAGE>

                                                                       EXHIBIT A

                               LIFE INSURANCE PLAN

                            INSURANCE POLICY SCHEDULE

1.  Insured's Name:
                                            ------------------------------------

2.  Effective Date:
                                            ------------------------------------

3.  Insurer:                                 Metropolitan Life Insurance Company
                                            ------------------------------------

4.  Policy Number:
                                            ------------------------------------

5.  Owner's Portion of Death Benefit:
    (End of Year 1)
                                            ------------------------------------

6.  Total Annual Premium:
                                            ------------------------------------

7.  Owner's Portion of Annual Premium:
                                            ------------------------------------

8.  Owner's Portion of Cash Value:
    (End of Year 1)
                                            ------------------------------------

9.  Policyowner:
                                            ------------------------------------

10. Beneficiary:
                                            ------------------------------------

--------------------------------------------------------------------------------

<PAGE>

                                                                       EXHIBIT B

                              COLLATERAL ASSIGNMENT

THIS ASSIGNMENT, made and entered into effective the ____________________ day of
_________________ , 20___, by the undersigned ________________________ as owner
("Owner") of that certain Life Insurance Policy No. issued by Metropolitan Life
Insurance Company ("Insurer") and any supplementary contracts issued in
connection with such policy (said policy and contracts herein called "Policy"),
upon the life of ____________________________ ("Insured"), to General Electric
Company, a New York corporation, ("Assignee").

                                   WITNESSETH:

     WHEREAS, the Insured is a valued employee of the Assignee, and the Assignee
wishes to retain him in its employ;

     WHEREAS, as an inducement to the Insured's continued employment, the
Assignee desires to assist the Insured with his personal life insurance program
by contributing a portion of the annual premium due on the Policy, as more
specifically provided for in that certain Life Insurance Agreement entered into
between the Insured and the Assignee ("Agreement"); and

     WHEREAS, in consideration of the Assignee's agreeing to pay a portion of
the premiums pursuant to the Agreement, the Owner agrees to assign to the
Assignee certain rights in the Policy as set forth in this Assignment.

     NOW, THEREFORE, for value received, the undersigned Owner hereby assigns,
transfers and sets over to the Assignee, its successors and assigns, the
following specific rights in the Policy subject to the following terms and
conditions:

1. ASSIGNED RIGHTS. The Assignee's interest in the Policy shall be limited to:

     a.   The right to recover the lesser of the total premiums it has paid on
          the Policy less amounts received under the Agreement from the Owner
          ("net premium outlay") or the "surrender value" of the Policy (as
          defined in the Policy for all purposes hereinafter) in the event the
          Policy is totally surrendered or cancelled by the Owner, or the right
          to receive the surrender proceeds to the extent of its net premium
          outlay in the event the Policy is partially surrendered or cancelled
          by the Owner, as provided in paragraph 5 of the Agreement.

     b.   The right to recover the death benefit proceeds as provided in
          paragraph 7 of the Agreement.

     c.   The right to recover the lesser of its net premium outlay or the
          surrender value of the Policy or to receive ownership of the Policy,
          in the event of termination of the Agreement, as provided in
          paragraphs 6(a), 6(b) and 6(c) of the Agreement.

     d.   The right to recover its net premium outlay to the extent a Policy
          loan made by the Owner in any year exceeds the lesser of the Owner's
          portion of the premium for that year or the increase for that year in
          the surrender value of the Policy, as provided in paragraph 8 of the
          Agreement.

2. INCIDENTS OF OWNERSHIP. The Owner shall retain all incidents of ownership in
the Policy, including, but not limited to, the sole and exclusive rights to:
borrow against the Policy; assign the Owner's interest in the Policy; change the
beneficiary of the Policy; exercise settlement options; and, subject to
paragraphs 5 and 6 of the Agreement, surrender or cancel the Policy (in whole or
in part)o

3. ENDORSEMENT OF POLICY. If the Assignee shall have possession of the Policy at
any time while this Assignment is in force, then upon request and without
unreasonable delay, the Assignee shall forward the Policy to the Insurer for
endorsement of any designation or change of beneficiary, any election of
optional mode of settlement, or the exercise of any other right reserved by the
Owner hereunder.

4. INSURER.

     a.   The Insurer is hereby authorized to recognize the Assignee's claims to
          rights under this Agreement without investigating the reason for any
          action taken by the Assignee, the amount of its net premium outlay,
          the existence of any default, the giving of any required notice or the
          application to be made by the Assignee of any amounts to be paid to
          the Assignee. The signature of the Assignee shall be sufficient for
          the exercise of any of its rights under the Assignment for the
          Assignee's receipt for any sums received by it shall be a full
          discharge and release of such sums to the Insurer.

     b.   The Insurer shall be fully protected in recognizing a request made by
          the Owner for surrender or cancellation of the Policy, in whole or in
          part, or in recognizing a request made by the Owner for any loans
          against the Policy permitted by the terms of the Policy, with or
          without the consent of the Assignee. In the event of any such request,
          the Insurer may pay the proceeds of such surrender, cancellation, or
          loans to the sole order of the Owner, or as the Owner shall direct,
          provided that the Insurer has provided the requisite fifteen (15)
          days' notice to the Assignee required by paragraph 5 of the Agreement.

5. RELEASE. Upon the full payment of the liabilities of the Owner to the
Assignee pursuant to the Agreement, the Assignee shall execute an appropriate
instrument of release of this Collateral Assignment.

IN WITNESS WHEREOF, the undersigned Owner has executed this Assignment effective
the day and year first above written.

Owner's Signature:

----------------------------------                          -------------------
                                                                  Witness

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