Document:

Exhibit

CURTISS-WRIGHT CORPORATION 
RETIREMENT PLAN
As Amended and Restated effective January 1, 2015
SECOND INSTRUMENT OF AMENDMENT
Recitals:
		
	1.
	Curtiss-Wright Corporation (the “Company”) has heretofore adopted the Curtiss‐Wright Corporation Retirement Plan (the “Plan”) and has caused the Plan to be amended and restated in its entirety effective as of January 1, 2015.

		
	2.
	The Plan consists of two separate components:  the EMD Component, which applies to eligible employees of Curtiss-Wright Electro-Mechanical Corporation as provided in the EMD appendix to the Plan, and the CWC Component, which applies to other employees eligible to participate in the Plan (the “CWC Component”).

		
	3.
	Subsequent to the most recent amendment and restatement of the Plan, the Company has decided to amend the CWC Component for the following reasons:

		
	a.
	To increase the cash-out limit for Participants whose Annuity Starting Dates occur prior to their Normal Retirement Dates from $1,000 to $5,000 and to provide for an automatic rollover IRA for such Participants who do not elect to have their mandatory distribution paid in a direct rollover to an eligible retirement plan or to receive such distribution directly in cash;

		
	b.
	To reflect the terms of a new collective bargaining agreement covering employees of the Company’s MIC Long Island operations that increases their benefit formula with respect to credited service earned on or after January 1, 2014; and

		
	c.
	To reflect the terms of a new collective bargaining agreement covering employees of the Company’s MIC Vernon operations that increases their benefit formula with respect to credited service earned on or after December 1, 2015, and December 1, 2016.

		
	4.
	Articles 12.01 and 12.02 of the CWC Component permit the Company to amend the CWC Component, by written resolution, at any time and from time to time.

		
	5.
	Article 11.02(b) of the CWC Component authorizes the Curtiss-Wright Corporation Administrative Committee to adopt certain CWC Component amendments on behalf of the Company.

Amendment:
For the reasons set forth in the Recitals to this Instrument of Amendment, the CWC Component of the Plan is hereby amended in the following respects:
		
	1.
	Effective January 1, 2017, Article 7.05 (“Mandatory Cash-out of Small Benefits”) is amended and restated in its entirety to read as follows:

7.05    Mandatory Cash-out of Small Benefits.

Notwithstanding any provision of the Plan to the contrary, in any case, a lump sum payment of Actuarial Equivalent value shall be made in lieu of all benefits in the event the present value of the Participant’s benefit determined as of his Annuity Starting Date amounts to $5,000 or less.

In determining the amount of a lump sum payment payable under this paragraph, Actuarial Equivalent value shall mean a benefit, in the case of a lump sum benefit payable prior to a Participant's Normal 

Retirement Date, of equivalent value to the benefit which would otherwise have been provided commencing at the Participant's Normal Retirement Date, or if larger, the benefit which would otherwise have been provided commencing at the earliest date he could have commenced payment. In the event the present value of a benefit exceeds $5,000 upon its initial determination as to its present value, the present value of the benefit shall be re-determined annually as of the first day of each subsequent Plan Year. The determination as to whether a lump sum payment is due shall be made as soon as practicable following the Participant’s termination of service. Any lump sum benefit payable shall be made as soon as practicable following the determination that the amount qualifies for distribution under the provisions of this paragraph. In no event shall a lump sum payment be made following the date pension payments have commenced as an annuity.

Notwithstanding any provision of the Plan to the contrary, in the event that the Participant’s Annuity Starting Date occurs prior to his Normal Retirement Date and the present value of his benefit determined as of his Annuity Starting Date amounts to greater than $1,000 but not greater than $5,000, if such Participant does not elect to have his distribution paid directly to an “eligible retirement plan” (as defined in Article 7.08(b)(ii)) specified by the Participant in a “direct rollover” (as defined in Article 7.08(b)(iv)) or to receive such distribution directly in accordance with the provisions of this Article 7, then the Plan Administrator will pay such distribution in a direct rollover to an individual retirement account or annuity described in Section 408(a) or (b) of the Code designated by the Plan Administrator.

		
	2.
	Effective December 1, 2015, Article 9.02(a)(vii) (“Metal Improvement Company, LLC - Vernon Division”) is amended by adding the following subparagraphs (I) and (J) at the end thereof, to read, respectively, as follows:

		
	(I)
	With benefits commencing on or after December 1, 2015, $21.00 multiplied by his years of Credited Service on or after December 1, 2015, for any pension payments due for months commencing on or after December 1, 2015.

		
	(J)
	With benefits commencing on or after December 1, 2016, $23.00 multiplied by his years of Credited Service on or after December 1, 2016, for any pension payments due for months commencing on or after December 1, 2016.

 
		
	3.
	Effective January 1, 2014, Article 9.02(a)(ix) (“Metal Improvement Company, Inc. - Long Island Division”) is amended by adding the following subparagraph (G) at the end thereof, to read as follows:

		
	(G)
	With benefits commencing on or after January 1, 2014, $20.00 multiplied by his years of Credited Service on or after January 1, 2014, for any pension payments due for months commencing on or after January 1, 2014.

Except to the extent amended by this Instrument of Amendment, the Plan shall remain in full force and effect.

IN WITNESS WHEREOF, this amendment has been executed on this ____ day of __________________, 2016.

	
				
	 
	 
	Curtiss-Wright Corporation
	 

	 
	 
	Administrative Committee
	 

	 
	 
	 
	 

	By:
	 
	/s/ Paul J. FerdenziExhibit

CURTISS-WRIGHT CORPORATION
SAVINGS AND INVESTMENT PLAN
As Amended and Restated effective January 1, 2015
SECOND INSTRUMENT OF AMENDMENT
Recitals:
		
	1.
	Curtiss-Wright Corporation (the “Company”) has heretofore adopted the Curtiss‐Wright Corporation Savings and Investment Plan (the “Plan”) and has caused the Plan to be amended and restated in its entirety effective as of January 1, 2015.

		
	2.
	Subsequent to the most recent amendment and restatement of the Plan, the Company has decided to amend the Plan for the following reasons:

		
	a.
	To provide for the eligibility of members of certain EMD unions for the CW Savings Contribution, effective August 16, 2015; and

		
	b.
	To reflect the terms of a new collective bargaining agreement covering Employees of the Company’s Target Rock operations that provides for Matching Contributions for such Employees hired on or after January 1, 2014, effective January 1, 2017.

		
	3.
	Section 12.01(a) of the Plan permits the Company to amend the Plan at any time and from time to time.

		
	4.
	Section 12.01(b) authorizes the Administrative Committee to adopt Plan amendments on behalf of the Company under certain circumstances.

		
	5.
	Certain of the Plan amendments described herein shall be subject to approval by the Board of Directors.

Amendments to the Plan:
		
	1.
	Effective January 1, 2017, Section 1.15 is amended by adding a new paragraph as the third paragraph thereof, to read as follows:

Notwithstanding the foregoing provisions of this Section 1.15, for purposes of Section 3.07(c)(iii), Compensation means an Employee’s base pay, not including overtime or premium pay.
		
	2.
	Effective July 1, 2015, Section 2.01(e) is amended in its entirety to read as follows:

		
	(e)
	Effective as of July 1, 2015, and notwithstanding the provisions of Sections 2.01(a) and (c), but subject to Appendix A, each Employee, other than a member of a unit of Employees covered by a collective bargaining agreement, with the exception of (i) the collective bargaining agreement covering Employees of Williams Controls, Inc., (ii) the collective bargaining agreement covering Employees of the Engineered Pump Division of the Employer that had adopted the EMS Plan, and (iii) the collective bargaining agreement covering Employees of the Target Rock operations of Curtiss-Wright Flow Control Corporation, shall be eligible to become a Member as of any Enrollment Date following the date on which he 

became an Employee.  In no event shall a Casual Employee, Co-Op Student Employee or Temporary Employee be eligible to become a Member.
		
	3.
	Effective January 1, 2017, the first paragraph of Section 3.07(c) is amended in its entirety to read as follows:

From and after January 1, 2014, the Employer shall contribute on behalf of each of its Frozen Members, other than a member of a unit of Employees covered by a collective bargaining agreement, with the exception of (i) the collective bargaining agreement covering Employees of Williams Controls, Inc., (ii) effective as of December 31, 2014, a collective bargaining agreement covering Employees of the Employer that had adopted the EMS Plan, and (iii) effective as of January 1, 2017, the collective bargaining agreement covering Employees of the Target Rock operations of Curtiss-Wright Flow Control Corporation, and Acquired Members who elected to make Deferred Cash Contributions, Roth Deferred Cash Contributions, and/or After-Tax Contributions, Matching Contributions in an amount equal to 50% of the Deferred Cash Contributions, Roth Deferred Cash Contributions, and/or After-Tax Contributions made by the Member to the Plan that do not exceed the first 6% of the Member’s Compensation during each payroll period.
		
	4.
	Effective August 16, 2015, Section 3.07A(a) is amended in its entirety to read as follows:

For any Plan Year beginning on or after January 1, 2014, the Employer may make CW Savings Contributions in an amount to be determined by the Employer, as of the last day of the Plan Year, on behalf of each Frozen Member, other than a member of a unit of Employees covered by a collective bargaining agreement, with the exception of (i) the collective bargaining agreement covering Employees of Williams Controls, Inc., (ii) effective for any Plan Year beginning on or after January 1, 2015, the collective bargaining agreement covering Employees of the Engineered Pump Division of the Employer that had adopted the EMS Plan and (iii) effective as of August 16, 2015, the collective bargaining agreements between the Employer that had adopted the EMS Plan and (A) the International Brotherhood of Electrical Workers Local 1914 and (B) the Association of Westinghouse Salaried Employees, and Acquired Member who is described in the following sentence.  Any CW Savings Contributions shall be allocated to the Employer Account of each eligible Member employed by the Employer on the last day of the Plan Year who had completed a Year of Eligibility Service during the Plan Year (and, for the Plan Year beginning on January 1, 2015, each eligible Member described in Section 6.02(a)(vii) and (viii)) and such allocation shall be based on the ratio that each such Member’s Compensation bears to the total Compensation of all such Members for the Plan Year (and, for the Plan Year beginning on January 1, 2015, such Compensation for the portion of the Plan Year beginning on August 16, 2015, in the case of each eligible Member described in (iii) above).  In no event, however, shall the portion of the CW Savings Contributions allocated on behalf of any Member described in the preceding sentence for any Plan Year exceed 3% of such Member’s Compensation for the Plan Year (and, for the Plan Year beginning on January 1, 2015, such Compensation for the portion of the Plan Year beginning on August 16, 2015, in the case of each eligible Member described in (iii) above).
IN WITNESS WHEREOF, this amendment has been executed on this ____ day of __________________, 2016.

	
				
	 
	 
	Curtiss-Wright Corporation
	 

	 
	 
	Administrative Committee
	 

	 
	 
	 
	 

	By:
	 
	/s/ Paul J. Ferdenzi

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