Document:

SENIOR EXECUTIVE BENEFITS PROGRAM

 

Exhibit 10.50 

 FIGGIE INTERNATIONAL INC 

 SENIOR EXECUTIVE BENEFITS PROGRAM 

 As Amended and Restated Effective: August 28, 1991

	 TABLE OF CONTENTS

		
	ARTICLE	 NUMBER

		
	DEFINITIONS	 I

		 

	ELIGIBILITY AND PARTICIPATION	 II

		 

	ACCRUED RETIREMENT BENEFIT	 III

		 

	RETIREMENT BENEFITS	 IV

		 

	DISABILITY BENEFITS	 V

		 

	SPOUSE'S BENEFITS	 VI

		 

	DEPENDENT CHILDREN'S BENEFITS	 VII

		 

	DEATH AND MEDICAL BENEFITS	 VIII

		 

	FORFEITURE OF BENEFITS	 IX

		 

	FORCED TAKEOVER	 X

		 

	SIGNIFICANT MANAGEMENT CHANGE	 XI

		 

	FINANCING OF BENEFITS	 XII

		 

	ADMINISTRATION	 XIII

		 

	AMENDMENT AND TERMINATION	 XIV

		 

	MISCELLANEOUS	 XV

 

FIGGIE INTERNATIONAL INC. 

 SENIOR EXECUTIVE BENEFITS PROGRAM 

 THIS AMENDMENT AND RESTATEMENT is adopted by FIGGIE INTERNATIONAL INC., a Delaware corporation (hereinafter referred to as "Figgie") on behalf of certain of its senior executive employees; 

 W I T N E S S E T H: 

 WHEREAS, it is necessary for Figgie to attract and hold highly competent senior management executives so that it may compete effectively; and 

 WHEREAS, in order to attract and hold such senior management executives, a Benefits Program was previously established in order to provide certain retirement, death, disability and medical benefits for its senior
executives and their spouses and dependents commensurate with those offered by other companies; and

 WHEREAS, it is the desire of Figgie to amend and restate such Benefits Program; 

 NOW, THEREFORE, Figgie hereby amends and restates the FIGGIE INTERNATIONAL INC. SENIOR EXECUTIVE BENEFITS PROGRAM, effective as of August 28, 1991 as follows:

ARTICLE I 

 DEFINITIONS 

      1.1 The words "Accrued    Retirement Benefit" shall mean an amount computed with respect to each Participant in accordance with Article III hereof.

      1.2 The words "Actuarial    Equivalent" shall mean the benefit having the same value as the benefit which the actuarial equivalent replaces. The determination of an actuarial equivalent
shall be based on the actuarial assumptions and methods which shall be designated by the Compensation Committee from time to time.

      1.3 The word "affiliate" shall mean any corporation or business organization that, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under
common control with Figgie International Inc., and particularly shall mean any corporation or business organization during any period during which it is a member of a controlled group of corporations or trades or businesses which includes Figgie
International Inc. within the meaning of Sections 414(b) and 414(c) of the Internal Revenue Code.

      1.4 The words "Annuity    Offset" shall mean, for a Participant on whose behalf annuity contracts were purchased from Alexander Hamilton Life, People's Security Insurance Company and
United Pacific Life Insurance Company, the amount specified as the "Replaced    Benefit" in the Agreement wherein such Participant agreed to become a Participant under this Program multiplied by a fraction the numerator of which shall equal the
aggregate of the amounts actually payable under each such annuity contract at the time specified herein for the commencement of benefits, and the denominator of which shall equal the amount specified in such Agreement as the "Face Annuity
Amount".

     1.5 The words "Basic    Retirement Benefit" shall mean, for a

Participant, who is eligible for retirement benefits under Section 4.1, 4.2, 4.3, 4.4, 10.2 or 11.2 hereof, his Accrued Retirement Benefit adjusted as follows:

	 	(a)

  	reduced by one-half (1/2) of one percent (1%) thereof for each complete month, if any, that the date retirement benefits commence to said Participant precedes his Full Benefit Date; and

	 	(b)

  	in the case of a Participant who is actively employed on or after September 1, 1991 and continues to be employed as a Senior Executive beyond his Full Benefit Date and does not elect, pursuant to Section
4.1 hereof, to commence receiving his retirement benefits on the later of January 1, 1992 or his Full Benefit Date, increased by the following:

		 	(i)

  	if he is married, five-sixths (5/6) of one percent (1%) thereof for each complete month that the date retirement benefits commence to said Participant follows his Full Benefit Date;
or

		 	(ii)	if he is single, the following percentages of his unadjusted Accrued Retirement Benefit for each complete month that the date retirement benefits commence to said Participant is subsequent to
his Full Benefit Date:

	 	 	 	(A)

  	one and one sixth percent (1-1/6%) thereof for each such month which is prior to his attainment of age sixty-five (65);

	 	 	 	(B)

  	one and seven twenty-fourths percent (1-7/24%) for each such month which is subsequent to his attainment of age sixty-five (65) and prior to his attainment of age seventy (70); and

	 	 	 	(C)

  	one and five twelfths percent (1-5/12%) for each such month which is subsequent to his attainment of age seventy (70).

      1.6 The words "Benefit    Service" shall mean for any Participant the sum of: 

	 	(a)

  	the period of his Continuous Service prior to the date he becomes a Participant; plus

	 	(b)

  	the periods after the date he first became a Participant during which he is a Senior Executive; plus

	 	(c)

  	in the case of a Founder, three (3) years.

      1.7 The word "Company" shall mean Figgie International Inc. and any affiliate, or any successor corporation or other business organization

which shall assume the obligations of this Program as provided herein with respect to Participants. 

      1.8 The word "Compensation" shall mean for each calendar year the salary paid by the Company to a Participant for services rendered to the Company, plus any amounts paid to the
Participant under the Figgie International Inc. Compensation Plan for Executives. "Compensation" shall not include any other form of remuneration, direct or indirect, including for this purpose any amounts paid to the Participant under the Figgie
International Inc. Performance Incentive Bonus Program. In addition, "Compensation" shall not include amounts contributed by the Company for a Participant's benefit under a flexible benefits or other cafeteria plan established under Section 125 of
the Internal Revenue Code or amounts paid directly to a Participant in lieu of being contributed to such a plan. However, "Compensation" shall include amounts contributed to the Trustee of the Figgie International Inc. Supplementary Retirement
Savings Plan pursuant to a Participant's election under Section 5.1 of said Plan and shall also include amounts contributed by a Participant by means of salary reduction to a flexible benefits or other cafeteria plan established under Section 125 of
the Internal Revenue Code.

 In the event that a Participant shall voluntarily have his salary or bonus payments reduced or shall elect to defer the receipt of any payment which would otherwise be included in his Compensation: 

	 	(a)

  	such reduced or deferred payments shall be included in his Compensation for the year during which they would customarily have been paid; and

	 	(b)

  	amounts ultimately received by the Participant pursuant to the reduction or deferral arrangement shall not be included in his Compensation.

      1.9 The words "Compensation    Committee" shall mean the Compensation Committee of the Board of Directors of Figgie International Inc. 

      1.10 The words "Competing    Manufacturing Business" shall mean: 

	 	(a)

  	with respect to a Participant who has been a member of the  

 

	 	

  	Corporate Staff, including any Group Vice President or any Corporate Staff Employee who reports to a Group Vice President, any business which manufactures, assembles, sells or distributes
products which are directly competitive with products presently being manufactured, assembled, sold or distributed by the Company or any of its subsidiaries, affiliates or divisions;

	 	(b)

  	with respect to a Participant who has not been a member of the Corporate Staff, any business which manufactures, assembles, sells or distributes products which are directly competitive with
products presently being manufactured, assembled, sold or distributed by any of the Company's subsidiaries, affiliates or divisions for which the Employee has worked during the two (2) years prior to his termination or retirement.

     Notwithstanding the foregoing, a business shall not be deemed a Competing Manufacturing Business where the Board of Directors, in its sole discretion, determines that the products
manufactured, assembled, sold or distributed by the business represents only a de minimis portion of the business of the Company, or any of its subsidiaries, affiliates, or divisions, as the case my be.

      1.11 The Words "Competing    Service Business" shall mean:

	 	(a)

  	with respect to a Participant who has been a member of the Corporate Staff, including any Group Vice President or any Corporate Staff Employee who reports to a Group Vice President, any service business
which is in direct competition with any service business of the Company or any of its subsidiaries, affiliates or divisions;

	 	(b)

  	with respect to a Participant who has not been a member of the Corporate Staff, any service business which is in direct competition with any service business of any of the Company's subsidiaries,
affiliates or divisions for which the Employee has worked during the two (2) years prior to his termination or retirement.

      1.12 The words "Continuous    Service" shall mean for any employee the period during which he is or has been employed by the Company. Such period shall be measured from his date of hire
(which date shall be considered to be the first day during which the employee performs any service for the Company for which he is directly or indirectly compensated) until his date of termination of employment. In the event that a business
organization shall be

or shall have been acquired by or merged into the Company, the date of hire of each employee who is or was an employee of such business organization on the date of acquisition shall be deemed to have been the most recent date he was hired by such
business organization. 

      1.13 The words "Dependent    Child" shall mean a natural or adopted child of a Participant who (a) has not attained age twenty-one (21), or (b) has not attained age twenty-five (25) and
is a full-time day student at an accredited college, graduate school, professional school, art school, music school, secretarial school, or technical school in accordance with the regulations of such school. For purposes hereof, a child shall be
considered to continue to be a full-time day student during periods of vacation allowed by such a school at which he is enrolled as a full-time day student or intends to enroll as a full-time day student at the expiration of such vacation, provided
the child becomes or continues to be a full-time day student at the end of such vacation. 

      The child of a Participant shall cease to be a "Dependent Child" upon the later to occur of: 

	 	(a)

  	his attainment of age twenty-one (21); and

	 	(b)

  	the earlier of the date he ceases to be a full-time day student or attains age twenty-five (25).

      1.14 The words "Disability    Plan Offset" shall mean the total amounts, if any, actually payable to a Disabled Participant on the date specified herein for their calculation under any
sick leave, short-term disability, long-term disability or salary continuation plan, program, or insurance contract of the Company, or the amount which would be payable thereunder upon application therefor. The words "Disability Plan Offset"
shall not include any amounts representing benefits which might have been payable to a Disabled Participant under such a plan, program, or contract if he had been "disabled" as defined therein but which are not
actually payable to the

Disabled Participant because he is not "disabled" as so defined. 

      1.15 The word "Disabled" shall mean for any Participant that he has a medically demonstrable physical or mental impairment that prevents him from performing all or a significant portion
of the duties and responsibilities of the position at which he is employed at the onset of such impairment. A Participant will continue to be considered Disabled even though he is capable of being employed, or is actually employed by the Company or
any other employer, as long as he continues to be unable to perform the duties and responsibilities of the position at which he was employed at the onset of his disability. 

      1.16 The words "Earned    Income" shall mean the total remuneration which a Participant, Disabled Participant, or Spouse shall receive as compensation or profit from the performance of
services as an employee of any corporation, partnership, organization, governmental agency or as a self-employed individual, including amounts contributed by such Participant or Spouse by means of salary reduction to a flexible benefits or other
cafeteria plan established under Section 125 of the Internal Revenue Code and amounts contributed to a qualified retirement plan pursuant to such Participant's or Spouse's election under a qualified cash or deferred arrangement (described in Section
401(k) of said Code); provided, however, that in the case of a Disabled Participant, "Earned Income" shall not include any directors' fees, or consulting fees if the aggregate of all such fees does not in any single year equal or exceed twenty-five
percent (25%) of twelve (12) times the Disabled Participant's "unreduced monthly disability benefit", calculated pursuant to Section 5.2 hereof by multiplying (a) times (b) of said Section 5.2 and not taking into
account the reductions set forth in (A) through (E) of said Section 5.2, and such fees as are in excess of twenty-five percent (25%) of twelve (12) times the Disabled Participant's "unreduced monthly disability benefit" shall be included in such
"Earned Income" only to the extent of fifty percent (50%)

of such excess. In addition, a Participant's or Spouse's "Earned Income" shall not include amounts contributed by the Company for his benefit under any flexible benefits or other cafeteria plan established
under Section 125 of the Internal Revenue Code or amounts paid directly to the Participant or Spouse in lieu of being contributed to such a plan.

	 	1.17	 The words "Engage in Competition with the Company" shall mean: 
	 	(a)

  	if a Participant shall, after his Termination of Employment or retirement, disclose or furnish to any competitor or any person, firm, corporation or other entity or use
on his own behalf, any confidential or secret information or data of the Company relating to the Company's financial statements, reports, or condition, or relating to the technical processes, discoveries, inventions, or improvements of inventions,
patents, or patent applications, formulas, trade secrets, manufacturing art or know-how pertaining to the Company's products manufactured or developed by the Company or by its predecessors, or relating to any other material aspect of the Company's
operations or condition; or

	 	(b)

  	if a Participant shall, after his Termination of Employment or retirement, interfere with the business or employment relationship between the Company or any of its
subsidiaries, affiliates or divisions and any customer, employee or sales representative thereof or influence or attempt to influence in a negative manner any customer, employee or sales representative of the Company or any of its subsidiaries,
affiliates or divisions in their relations with or in the performance of their obligations to the Company or any of its subsidiaries, affiliates or divisions; or

	 	(c)

  	if a Participant shall, within two (2) years after his Termination of Employment or retirement and without the written consent of the Company, directly or indirectly
for himself or as an agent, employee, officer, director, stockholder, owner, partner, consultant, or otherwise, or in conjunction with any person, firm, partnership or corporation, invest in, become employed, perform any services, give advice, or
render assistance to any Competing Service Business or any Competing Manufacturing Business. The restriction contained in this paragraph (c) shall be in effect anywhere within the applicable
Restricted Geographic Area described in Section 1.31 hereof. 

      A Participant may apply to the Compensation Committee for a determination of whether proposed employment is in competition with the Company or a
subsidiary, affiliate or division, as described in paragraph (c) above, or 

for its consent to such competitive employment by submitting a written description of the proposed employment and employer to the Compensation Committee, together with such other information as the
Compensation Committee shall reasonably require. The Compensation Committee's decision shall be rendered as promptly as is reasonably possible.

      1.18 The words "Figgie Continuous Service" shall mean for any employee his Continuous Service as defined in Section 1.12 hereof excluding any Continuous Service
rendered for any business organization prior to such business organization's date of acquisition by or merger into the Company.

      1.19 The words "Final Earnings" shall be determined for a Participant in accordance with the
following:

	 	(a)

  	if he ceases to be a Senior Executive, terminates employment or becomes Disabled during the first four (4) months of a calendar year, "Final Earnings" shall mean his Compensation
during the calendar year next preceding the date he ceased to be a Senior Executive, terminated employment or became Disabled divided by twelve (12); or

 
	 	(b)

  	if he ceases to be a Senior Executive, terminates employment or becomes Disabled after the first four (4) months of a calendar year, "Final Earnings" shall mean the his
Compensation during such calendar year up to the date he ceased to be a Senior Executive, terminated employment or became Disabled plus the amount of salary he would have received during the balance of such calendar year if he had continued to
receive salary at his rate of salary in effect on the date he ceased to be a Senior Executive, terminated employment or became Disabled divided by twelve (12).

 

      If a Participant commences to receive retirement benefits prior to his actual retirement pursuant to Section 4.1 hereof, his "Final Earnings" shall be calculated
as of the commencement date of his benefits pursuant to paragraph (a) or (b) above as though he had retired on such date. Thereafter, on the first day of every calendar year during his continued employment as a Senior Executive, his "Final
Earnings" shall be recalculated pursuant to paragraph (a) above. Upon the date he ultimately retires dies or becomes Disabled, his "Final Earnings" shall be finally calculated pursuant to paragraph (a) or (b) above whichever shall be
applicable.

     Notwithstanding the foregoing, the "Final Earnings" of a Participant who is in the Continuous Service of the Company on the date of a Forced Takeover, shall not thereafter be
less than the Final Earnings he would have had if he had terminated employment on said date.

    1.20 The words "Forced Takeover" shall mean any event or occurrence, or series of events or occurrences, which a majority of the members of the Compensation Committee, in
its sole discretion, shall determine to be a Forced Takeover and which shall be so designated by resolution of the Compensation Committee approved and adopted by a majority thereof.

      1.21 The word "Founder" shall mean any employee of the Company who shall be designated as such by the Compensation Committee pursuant to Article II hereof.

      1.22 The words "Full Benefit Date" shall mean:

	 	(i)

  	if the Participant is a Founder, the date which is thirty-six (36) months prior to his Normal Retirement Date; or

	 	(ii)

  	if the Participant is not a Founder, his Normal Retirement Date.

      1.23 The words "Group Medical Plan" shall mean any program, plan or insurance contract of the Company to the extent, if any, that it provides
hospitalization, dental, surgical or major medical benefits for the employees of the Corporate Staff of the Company.

      1.24 The words "Joint and Survivor Basis" shall mean with respect to a married Participant, that a benefit is payable monthly during the life of the Participant
and that, after his death, 100% of the monthly amount that had been paid to the Participant shall be payable to his Spouse, if she survives him, during the remainder of her life. The words
"Joint and Survivor Basis" shall mean, for a Participant who is not married, that a benefit is payable on a Life Annuity Basis.

      1.25 The words "Life Annuity Basis" shall mean, with respect to a Spouse, that a benefit is payable monthly to a Spouse during her life and that

no further benefits are payable after the death of the Spouse. 

      1.26 The words "Normal    Retirement Date" shall mean the first day of the month coinciding with or next following a Participant's attainment of age sixty-five (65). 

      1.27 The words "Other    Retirement Plan Benefits" shall mean any benefits provided by employer contributions, mandatory employee contributions or nonvoluntary deferrals of compensation
under: 

	 	(a)

  	the Figgie International Inc. Retirement Income Plan II and the annuity contract, if any, purchased on a Participant's behalf as a result of the termination of the Figgie International Inc. Retirement
Income Plan on November 21, 1988, excluding any benefits attributable to a Participant's Prior Participant Contributions;

	 	(b) 	any Supplemental Retirement and Death Benefit Agreement between the Company and a Participant;
	 	(c)

  	any defined benefit pension or money purchase pension plan, practice or program of the Company which provides installment or annuity benefits to a Participant upon his retirement or attainment of a stated
retirement age by reason of his employment with or his performance of services for the Company; 
	 	(d)

  	any defined benefit pension or money purchase pension plan, practice or program of any other corporation, or any partnership, organization, government or governmental agency, other than Federal Social
Security, which provides installment or annuity benefits to a Participant upon his retirement or attainment of a stated retirement age, by reason of his employment with or his performance of services for any such entity excluding, however, any such
plan, practice or program under which a Participant accrues or accumulates benefits contemporaneously with and during his participation in this Program;

	 	(e)	any agreement entered into between the Participant and the Company, by reason of his employment with or performance of services for the Company prior to his Normal
Retirement Date, that provides for the nonvoluntary deferral of compensation or remuneration until the Participant's attainment of a stated retirement age; and 

	 	(f)	any agreement entered into between the Participant and any other corporation, partnership, organization, government or governmental agency, with which he was employed or for which he performed services,
that provides for the nonvoluntary deferral of compensation or remuneration until the Participant's attainment of a stated retirement age, excluding, however, any such agreement under which a 

     The words "Other Retirement Plan Benefits" shall not include any voluntary deductible employee contributions, voluntary after-tax employee contributions, amounts contributed to a qualified retirement plan pursuant to a
Participant's election under a qualified cash or deferred arrangement (described in Section 401(k) of the Internal Revenue Code of 1986), either employee or employer contributions to a profit sharing, stock bonus or employee stock ownership plan,
amounts credited to a Participant's rollover account under the Figgie International Inc. Segregated Investment Fund Trust and Plan, and earnings on said contributions and amounts.

      The words "Other    Retirement Plan Benefits" shall also not include any deferrals under an agreement entered into between the Participant and the Company, whether before or after such
Participant's Normal Retirement Date, that provides for the voluntary deferral of compensation or remuneration even if such compensation or remuneration is deferred until the Participant's attainment of a stated retirement age or until the
occurrence of other stated events.

      Finally, the words "Other Retirement Plan Benefits" shall not include any deferrals under an agreement entered into between the Participant and the Company after such Participant's Normal
Retirement Date that provides for the non-voluntary deferral of compensation or remuneration even if such compensation or remuneration is deferred until the Participant's attainment of a stated retirement age or until the occurrence of other stated
events.

      1.28 The word "Participant" shall mean any eligible Senior Executive of the Company who has performed all the acts required by this Program to become a Participant, who has become a
Participant in accordance with Article II hereof, and who remains a Participant hereunder.

      1.29 The word "Program" shall mean the Program as it may be

amended from time to time hereafter. 

      1.30 The words "Projected    Accrued Retirement Benefit" shall mean, for a Participant who is employed subsequent to his Full Benefit Date, his Basic Retirement Benefit and shall mean,
for any other Participant who is employed by the Company, the Accrued Retirement Benefit he would have had at his Full Benefit Date calculated on the assumptions that between the date of calculation and his Full Benefit Date:

	 	(a)

  	he would have remained in the Continuous Service of the Company;

	 	(b)

  	he would have had Compensation during each calendar year ending in such period in an amount equal to his Final Earnings multiplied by twelve (12);

	 	(c)

  	he would have remained a Senior Executive if he was a Senior Executive on the date of calculation; and

	 	(d)

  	he would not have become a Senior Executive during such period if he was not a Senior Executive on the date of calculation.

      1.31 The words "Restricted    Geographic Area" shall mean: 

	 	(a)

  	with respect to a Participant who has been a member of the Corporate Staff, including any Group Vice President or any Corporate Staff Employee who reports to a Group Vice President, any
geographic area in which the Company or any of its subsidiaries, affiliates or divisions conducts business;

	 	(b)

  	with respect to a Participant who has not been a member of the Corporate Staff, any geographic area in which any of the Company's subsidiaries, affiliates or divisions for which the Employee
has worked during the two (2) years prior to his termination of employment or retirement conducts business.

      1.32 The words "Senior    Executive" shall mean any executive employee of the Company who shall be so designated as such by the Compensation Committee pursuant to Article II hereof, but
only while he remains so designated. A Participant who becomes Disabled at a time when he is a Senior Executive shall be deemed to continue to be a Senior Executive during the period he remains Disabled.

      1.33 The words "Significant    Management Change" shall mean an event whereby the person who was Chairman of the Board of Directors of Figgie

International Inc. on January 1, 1976 ceases to be Chairman for any reason, including termination of employment, death, disability and retirement. 

      1.34 The words "Social    Security Offset" shall mean for a Participant, who is eligible for retirement benefits under Article IV hereof and who has either attained age seventy (70) or
has retired, become Disabled or terminated employment with the Company, the monthly amount of the primary and family old age insurance benefits under the Federal Social Security Act which is payable to the Participant or would be payable except for
the limit on his maximum Earned Income, if any. The "Social    Security Offset" for a Participant who is receiving retirement benefits under Section 4.1 hereof but who has not attained age seventy (70), retired, become Disabled or terminated
employment with the Company shall be zero until the earliest to occur of one of such events. 

      The words "Social    Security Offset" shall mean for a Disabled Participant, who is eligible for disability benefits under Article V hereof, the monthly amount of the primary disability
insurance benefits under the Federal Social Security Act which is payable, or which upon application therefor would be payable, to the Disabled Participant while he is receiving disability benefits pursuant to Article V hereof. 

      The words "Social    Security Offset" shall mean for the Spouse of a deceased Participant the monthly amount of the primary survivor's insurance
benefits under the Federal Social Security Act which is payable, or which upon application therefor would be payable, to the Spouse, as the Participant's survivor. 

      The "Social Security    Offset" of a Participant, Disabled Participant or Spouse shall be computed without regard to any reduction in his or her Social Security benefits by reason of his
or her Earned Income. 

      1.35 The words "Split    Dollar Offset" shall mean for a Participant the total amounts of death benefit with respect to which the Participant or his

assignee has the right to designate the beneficiary under any life insurance policy or policies purchased by the Company pursuant to a split dollar life insurance agreement or program. 

      1.36 The word "Spouse" shall mean the person to whom a Participant is married on the earliest of the date the Participant dies, the date of his termination of
employment or the date he becomes Disabled; provided, however, that in the case of a person married to a Participant who terminates his employment or becomes Disabled, such person shall cease to be considered to be a "Spouse" if she shall thereafter
cease to be married to such Participant for any reason other than the death of such Participant.

     1.37 The words "Termination of Employment" shall mean for any employee, the occurrence of any one of the
following events: 

	 	(a)

  	his discharge;

	 	(b)

  	his quitting;

	 	(c)

  	his retirement;

	 	(d)

  	his failure to return to work:

	 	(i)

  	at the end of any leave of absence authorized by the Company; or

	 	(ii)

  	within ninety (90) days following such employee's release from military service or within any other period following military service in which such employee's right to
reemployment with the Company is guaranteed by law; or 

	 	(iii)	after the cessation of disability income payments under this Program and under any sick leave, short-term disability program and long-term disability program of the Company. 

      1.38 The words "Vesting Service" shall mean for any employee aggregate of all his periods of Continuous Service. Two (2) or more such periods that contain
fractions of a year (computed in months and days) shall be aggregated on the basis of twelve (12) months constituting a year and thirty (30) days constituting a month. 

ARTICLE II 

 ELIGIBILITY AND PARTICIPATION 

      2.1 An employee of the Company shall be qualified to become a Participant under this Program when the Compensation Committee shall, at its discretion, designate him a Senior
Executive. 

     2.2 The Compensation Committee shall, upon designating an employee a Senior Executive, notify such employee in writing of his eligibility and of the actions necessary to become a
Participant hereunder, and shall provide him with the opportunity to become a Participant. If such eligible employee desires to become a Participant, he shall, within such time as the Compensation Committee shall determine:

	 	(a)

  	furnish to the Compensation Committee all information requested by it;

	 	(b)

  	execute such documents and such instruments as the Compensation Committee may require to facilitate the administration of this Program;

	 	(c)

  	agree in such form and manner as the Compensation Committee may require to be bound by the terms of this Program and by the terms of such Amendments as may be made hereto; and

	 	(d)

  	truthfully and fully answer any questions and supply any information which the Compensation Committee deems necessary or desirable for the proper administration of this Program, without any reservations
whatsoever.

     2.3 An eligible employee who shall have timely done all acts required of him to become a Participant shall become a Participant on or as of such date as shall be specified by the
Compensation Committee.

     2.4 The Compensation Committee may, in addition to designating employees of the Company as Senior Executives, designate such employees as Founders in order that those employees so
designated shall be entitled to receive certain increased benefits under this Program as set forth herein.

     2.5 At any time after the effective date of this Program, the Compensation Committee may, in its sole discretion, determine that any

employee, who has not attained his Full Benefit Date, terminated his employment, become Disabled or died, and who shall have previously been designated by it as a Senior Executive, is no longer entitled to be so designated and may withdraw such
designation with respect to such employee. The withdrawal of the designation of an employee as a Senior Executive shall become effective as of the date specified by the Compensation Committee which date may not be earlier than the date upon which
the Compensation Committee determines such employee is no longer a Senior Executive. Such employee shall continue to be a Participant in this Program but shall not accrue any further Benefit Service.

      2.6 A Participant shall automatically cease to be a Senior Executive on his date of termination of
employment. 

ARTICLE III 

 ACCRUED RETIREMENT BENEFIT 

      3.1 The Accrued Retirement Benefit of a Participant who remains a Senior Executive until his Full Benefit Date shall be an amount equal to: 

	 	(a)

  	seventy-five percent (75%) of his Final Earnings if either (i) he was a Participant on February
18, 1987, or (ii) he was hired on or prior to February 18, 1987 and shall have completed twenty (20) years of Figgie Continuous Service by the earlier of the date he ceases to be a Senior Executive, terminates employment with the Company, dies or
becomes Disabled; or

	 	(b)

  	sixty-five percent (65%) of his Final Earnings if he was not a Participant on February 18, 1987, and either (i) he was hired after February 18, 1987, or (ii) he shall not have completed twenty
(20) years of Figgie Continuous Service;

 reduced, in the case of a Participant who has completed less than fifteen (15) years of Continuous Service at the time he retires, by one-one hundred eightieth (1/180) thereof for each month that his Continuous
Service is less than one hundred eighty (180) months.

     3.2 The Accrued Retirement Benefit of a Participant who ceases to be a Senior Executive on or after the date he becomes eligible for retirement benefits under Section 4.2 hereof but prior to his Full Benefit Date
shall be an amount equal to (a) multiplied by (b) below, where:

  

	 	(a)	equals: 
	 	 	(i)	seventy-five percent (75%) of his Final Earnings if either (A) he was a Participant on February 18, 1987, or (B) he was hired on or prior to February 18, 1987 and shall have completed twenty (20) years of
Figgie Continuous Service by the earlier of the date he ceases to be a Senior Executive, terminates employment with the Company, dies or becomes Disabled; or
	 		(ii)	sixty-five percent (65%) of his Final Earnings if he was not a Participant on February 18, 1987, and either (A) he was hired after February 18, 1987, or (B) he shall not have completed twenty (20) years of Figgie Continuous Service; and
	 	(b)	equals a fraction, the numerator of which shall be the lesser of the number of years (computed to the nearest one-twelfth
 

     3.3 The Accrued Retirement Benefit of a Participant who ceases to be a Senior Executive prior to the date he becomes eligible for retirement benefits under Section 4.2 hereof shall be an amount equal to (a) multiplied
by (b) below, where: 

	 	(a)	equals: 
	 	 	(i)	seventy-five percent (75%) of his Final Earnings if he was a Participant on February 18, 1987; or 
	 		(ii)	sixty-five percent (65%) of his Final Earnings if he was not a Participant on February 18, 1987; and 
	 	(b)	equals a fraction, the numerator of which shall be the lesser of the number of years (computed to the nearest one-twelfth (1/12th year) of such Participant's Benefit Service or thirty (30),
and the denominator of which shall be the lesser of thirty (30) or the greater of the number of years (computed to the nearest one-twelfth (1/12th) year) of Continuous Service which such Participant would have had if he had remained in the
Continuous Service of the Company until his Full Benefit Date or fifteen (15).

ARTICLE IV 

 RETIREMENT BENEFITS 

      4.1 Each Participant who remains in the Continuous Service of the Company until his Full Benefit Date shall be entitled to retire on such date or at any time thereafter and shall be
eligible for retirement benefits under this Program. Such retirement benefits shall commence on the first day of the month after such Participant's termination of employment unless the Participant is actively employed on or after September 1, 1991
and irrevocably elects to receive his retirement benefits on the later to occur of January 1, 1992 or his Full Benefit Date. Any such election must be made at least sixty (60) days prior to the date the Participant's retirement benefits would
commence pursuant to such election. Notwithstanding anything to the contrary contained in this Program, in the event a Participant who is actively employed on September 1, 1991 and whose Full Benefit Date is prior to January 1, 1992 elects to
commence receiving distribution of his retirement benefits on January 1, 1992 pursuant to the election procedure set forth above, such Participant shall be entitled to either of the following as he shall irrevocably elect no later than November 1,
1991:

	 	(a)

  	he may receive a single lump sum payment of the retirement benefit payments which he would have received under the Program between his Full Benefit Date and January 1, 1992 together with interest for such
period at the rates payable throughout such period on 13-week U.S. Treasury Bills compounded quarterly; or

	 	(b)

  	he may receive an actuarially increased monthly amount of retirement benefits to reflect the actuarial value of the retirement benefit payments which he would have received under the Program between his
Full Benefit Date and January 1, 1992.

      4.2 Each Participant who remains in the Continuous Service of the Company until his completion of ten (10) years of Vesting Service and his attainment of age fifty-five (55) shall be
entitled to retire at any time thereafter until his Full Benefit Date, and shall be eligible for retirement

benefits under this Program commencing on the first day of any month on or after his termination of employment but no later than his Full Benefit Date, as such Participant shall designate in writing to the Compensation Committee. 

                  4.3 Each Participant, whose employment terminates (i) after his completion of ten (10) years of Vesting Service,
and (ii) prior to his attainment of age fifty-five (55), shall be eligible for retirement benefits under this Program commencing on the first day of any month on or after his attainment of age fifty-five (55) but not later than his Full Benefit Date
as such Participant shall designate in writing to the Compensation Committee. 

                  4.4 Each Participant who becomes Disabled and who continues to receive disability benefit payments pursuant to
Article V hereof until his Full Benefit Date shall be eligible for retirement benefits under this Program commencing on his Full Benefit Date. 

                  4.5 Retirement benefits payable to a Participant pursuant to this Article IV shall be payable commencing on the
date specified in Section 4.1, 4.2, 4.3 or 4.4 hereof, shall be payable on the first day of each month thereafter during the life of the Participant, and shall terminate with the benefit payment made on the first day of the month during which the
Participant's death occurs. No retirement benefit payments shall be made pursuant to this Article IV after the death of the Participant. 

                  4.6 Subject to adjustments pursuant to Section 4.8 hereof, the monthly amount of retirement benefits payable to a
Participant eligible therefor pursuant to this Article IV shall be equal to his Basic Retirement Benefit reduced by the total of: 

	 	(a)

  	his Social Security Offset; plus

	 	(b)

  	the amount specified in Section 4.7 hereof; plus

	 	(c)

  	his Annuity Offset calculated as of the date his retirement benefits commence to him pursuant to this Article IV.

      4.7 The amount of the reduction specified in Subsection 4.6(b) 

above shall be equal to the total Other Retirement Plan Benefits payable, or which would be payable upon application therefor, to the Participant on a Joint and Survivor Basis on the date retirement benefits commence to the Participant pursuant to
this Article IV. In the event that the Participant is entitled to or was previously entitled to nonforfeitable Other Retirement Plan Benefits, but such benefits either are not payable and would not be payable upon application on a Joint and Survivor
Basis, the amount of the reduction specified in Subsection 4.6(b) above shall be equal to the amount which, if such amount were payable on a Joint and Survivor Basis, would be the Actuarial Equivalent of his nonforfeitable Other Retirement Plan
Benefits.

      Further, in the event that the Participant has received nonforfeitable Other Retirement Plan Benefits prior to the date retirement benefits commence to him under this Article IV, the
amount of the reduction specified in Subsection 4.6(b) above shall be equal to the amount which, if such amount were payable on a Joint and Survivor Basis commencing on the date retirement benefits commence to the Participant pursuant to this
Article IV, would be the Actuarial Equivalent of his nonforfeitable Other Retirement Plan Benefits.

      The reduction referred to in Subsection 4.6(b) shall be computed on the date retirement benefits commence to the Participant under this Article IV taking into account the Other Retirement
Plan Benefits which have commenced or could commence on or before such date. The reduction for any Other Retirement Plan Benefit which has commenced or could have commenced shall not thereafter be subject to adjustment by reason of any change in
such Other Retirement Plan Benefit payable to the Participant.

      In the event that the Participant will be eligible to receive certain Other Retirement Plan Benefits which are not payable until a date subsequent to the date that retirement benefits
commence to him under this Article IV, such Other Retirement Plan Benefits shall not be a reduction

pursuant to Subsection 4.6(b) above until the date that the benefits would first be payable to the Participant. The reduction for these Other Retirement Plan Benefits shall be calculated as of the date they
would first be payable and shall be added to the reduction for the Other Retirement Plan Benefits which had commenced previously. Once an adjustment has been made for any Other Retirement Plan Benefit, it shall not thereafter be subject to
adjustment by reason of any change in such Other Retirement Plan Benefit payable to the Participant.

      For purposes of this Section 4.7, if a Participant is eligible for retirement benefits pursuant to Section 4.4 hereof, any Other Retirement Plan Benefits paid to
the Disabled Participant prior to his Full Benefit Date shall be disregarded, and the amount of the reduction specified in Subsection 4.6(b) above shall be computed solely on the basis of the amount of Other Retirement Plan Benefits, if any, payable
on and after his Full Benefit Date.

      4.8 The amount of retirement benefits payable to a Participant, who is receiving retirement benefits pursuant to Section 4.1 hereof but who has not attained age
seventy (70), retired, become Disabled or terminated employment with the Company, shall be computed on the basis of a zero Social Security Offset. Upon the earliest to occur of his attainment of age seventy (70), retirement, becoming Disabled or
termination of employment with the Company, the amount of his retirement benefits shall be recomputed to reflect the change in his Social Security Offset on such date.

      The amount of retirement benefits payable to any other Participant shall be computed on the basis of the Social Security Offset which reflects the amount of
primary Social Security Benefits he would be eligible to receive on the date his retirement benefits commence if he did not have any Earned Income and shall not be recomputed thereafter. If a Participant is not eligible for primary Social Security
benefits for a reason other than a limit on his maximum Earned Income, his retirement benefits under this Article IV shall be initially 

computed on the basis of a zero Social Security Offset and, on the date he first becomes eligible to receive such benefits or would become eligible to receive such benefits except for a limit on his maximum Earned Income, the amount of his
retirement benefits under this Article IV shall be recomputed to reflect the change in his Social Security Offset on such date. 

      4.9 The amount of retirement benefits payable to a Participant who continues to work after the date his retirement benefits commence shall be recomputed to reflect the changes in his
Final Earnings, Continuous Service and Figgie Continuous Service on each January 1 following the commencement of his retirement benefits.

ARTICLE V 

 DISABILITY BENEFITS 

          5.1 Each Participant who, prior to his Full Benefit Date and while he is in the Continuous Service of the Company, becomes Disabled shall be eligible for
disability benefits under this Program commencing on the first day of the month next following the date he became Disabled. Such benefits shall be payable as of the first day of each month thereafter until the first day of the month during which the
earliest of the following events occurs:

	 	(a)

  	the date he attains his Full Benefit Date;

	 	(b)

  	the date he dies;

	 	(c)

  	the date he ceases to be Disabled as defined herein;

	 	(d)

  	the date upon which he fails or refuses to furnish the Compensation Committee with true, correct and complete information with respect to his Earned Income as required by Section 5.5 hereof;
or

	 	(e)

  	the date he fails or refuses to undergo a medical examination ordered by the Compensation Committee in accordance with the provisions of Section 5.4 hereof.

           5.2 The monthly amount of disability benefits payable therefor pursuant to this Article V shall be equal to (a) multiplied by (b) below, where: 

	 	(a)	equals: 
	 	 	(i)	
seventy-five percent (75%) of the Participant's Final Earnings if either (A) he was a Participant on February 18, 1987, or (B) he was hired on or prior to February 18, 1987 and shall have completed twenty (20) years of
Figgie Continuous Service on the date he became Disabled; or

	 		(ii)	sixty-five percent (65%) of the Participant's Final Earnings if he was not a Participant on February 18, 1987 and either (A) he was hired after February 18, 1987 or (B) he had not completed twenty
(20) years of Figgie Continuous Service on the date he became Disabled; and
	 	(b)	 equals a fraction, the numerator of which shall be the totalyears of Continuous Service which the Participant would
have

reduced by the total of: 

		(A)

  	his Social Security Offset; plus

		(B)

  	his Disability Plan Offset; plus

		(C)

  	the amount specified in Section 5.3 hereof; plus

		(D)

  	the amount of one twelfth (1/12) of his Earned Income; plus

		(E)

  	his Annuity Offset calculated as of the date disability benefits commence to him pursuant to this Article V.

             The amount of disability benefits shall be recomputed to reflect changes in either the Participant's Disability Plan
Offset, his Social Security Offset, or his Earned Income as of each of the following dates: 

			(i) 	the date sick pay paid by the Company ceases to be paid to the Disabled Participant; 
			(ii)

  	the date payments to the Disabled Participant under any short-term disability benefits plan of the Company shall cease; 
			(iii)	the date the waiting period for disability benefits under the Federal Social Security Act ends, if the Disabled Participant is eligible for such disability
benefits;
			(iv)	the date upon which there is any change in the definition of disability contained in any long-term disability plan of the Company under which he is eligible to receive
disability benefits; and
			(v)	the date upon which there is any change in the rate of the Disabled Participant's Earned Income.

 In any such recomputation, increases in the rate of the Disabled Participant's disability benefits under the Federal Social Security Act as a result of amendments to such Act or increases in
the cost of living shall be disregarded. Disability benefits payable pursuant to this Article V after the date of the recomputation shall be paid in accordance with the amount as recomputed. 

             5.3 The amount of the reduction specified in Subsection 5.2(C)

above shall be equal to the total monthly Other Retirement Plan Benefits payable to the Disabled Participant, and any such benefits which would be payable upon application therefor, which benefits commence on the date the Participant became Disabled
or after any waiting period specified in the retirement plans under which such benefits are paid, and which benefits shall be payable until the Participant's Full Benefit Date if the Participant shall remain Disabled. In the event that the
Participant is entitled to any Other Retirement Plan Benefits, but such benefits will terminate prior to his Full Benefit Date even though he continues to be Disabled, then the amount of the reduction specified in Subsection 5.2(C) hereof shall be
equal to the amount which, if such amount were payable until his Full Benefit Date, would be the Actuarial Equivalent of such Other Retirement Plan Benefits. 

      Any Other Retirement Plan Benefits which would be payable to the Participant if he were disabled within the meaning of the word "disability" as defined in the retirement plan under which
such benefits are paid shall be disregarded in the computation of the reduction specified in Subsection 5.2(C) hereof if it has been finally determined by the administrator of such retirement plan that the Disabled Participant is not so
disabled. 

      5.4 A Participant shall become entitled to disability benefits under this Article V only if the Compensation Committee finds that he is Disabled as that term is defined in this Program.
In any case, where the Compensation Committee makes a determination with respect to the disability of any Participant applying for disability benefits, or of any Disabled Participant during the period he is receiving such benefits, the Participant
shall be required to submit to such examinations and reexaminations by a clinic, physician or physicians selected by the Compensation Committee as the Compensation Committee deems necessary to establish his eligibility for such disability benefits or his continued eligibility therefor; provided that, in the case of any Disabled Participant while he is receiving such disability

benefits, reexaminations shall not be made more frequently than once in any twelve (12) month period. The Compensation Committee may substitute other equally conclusive evidence, if it so decides, in place
of such examination by a clinic, physician or physicians. Fees of any clinic, physician or physicians making such examinations shall be paid by the Company.

      5.5 During any period that a Disabled Participant is receiving disability benefits under this Article V, he shall keep the Compensation Committee informed, at all
times, as to the amount, if any, of his Earned Income and of any changes in the rate of his Earned Income. Upon the request of the Compensation Committee, the Disabled Participant shall submit evidence, satisfactory to the Compensation Committee, of
the amount and the rate of his Earned Income.

ARTICLE VI 

 SPOUSE'S BENEFITS 

           6.1 In the event that a Participant shall die after the commencement of his retirement benefits under Article IV hereof, his
Spouse, if then living, shall be entitled to receive a Spouse's benefit payable in accordance with Section 6.6 hereof. Subject to Section 6.7 hereof and subject to adjustments pursuant to Section 6.8 hereof, the monthly amount of her Spouse's
benefit shall be equal to (a) minus (b) below where:

		(a)

  	equals one hundred percent (100%) of such Participant's Basic Retirement Benefit; and

		(b)

  	equals the total of:

			(i) 	the amount by which such Participant's retirement benefit was reduced pursuant to Subsection 4.6(b) hereof; plus 
			(ii)

	the Spouse's Social Security Offset; plus 
			(iii)	the Participant's Annuity Offset calculated as of the date his retirement benefits commenced pursuant to Article IV hereof. 

           6.2 In the event that a Participant who has completed ten (10) years of Vesting Service or has attained his Full Benefit Date
while employed by the Company shall die after his termination of employment, but prior to the date retirement benefits commence to him pursuant to Article IV hereof, his Spouse, if then living, shall be entitled to receive a Spouse's benefit payable
in accordance with Section 6.6 hereof. Subject to Section 6.7 hereof and subject to adjustments pursuant to Section 6.8 hereof, the monthly amount of her Spouse's benefit shall be equal to the Spouse's benefit which would have been payable to the
Spouse pursuant to Section 6.1 hereof if such Participant had commenced receiving retirement benefits on the first day of the month during which his death occurs.

           6.3 In the event that a Participant shall die prior to his

termination of employment and prior to his Full Benefit Date or in the event that a Disabled Participant shall die when he is eligible to receive disability benefits under Article V hereof, his Spouse, if then living, shall be entitled to receive a
Spouse's benefit payable in accordance with Section 6.6 hereof. Subject to Section 6.7 hereof and subject to adjustments pursuant to Section 6.8 the monthly amount of her Spouse's benefit shall be equal to (a) multiplied by (b) below, where:

		(a)	equals: 
			(i)	
seventy-five percent (75%) of the Participant's Final Earnings if either (A) he was a Participant on February 18, 1987, or (B) he was hired on or prior to February 18, 1987 and had completed
twenty (20) years of Figgie Continuous Service on or prior to his date of death; or

			(ii)	sixty-five percent (65%) of the Participant's Final Earnings if he was not a Participant on February 18, 1987 and either (A) he was hired after February 18, 1987 or (B) he had not
completed twenty (20) years of Figgie Continuous Service on or prior to his date of death; and

		(b)	equals a fraction, the numerator of which shall be the total years of Continuous Service which the Participant would have had if he had remained in the Continuous
Service of the Company until his Full Benefit Date, and the denominator of which shall be the greater of such total years of Continuous Service or fifteen (15); 

 reduced by the total of: 

		(A)

  	the Spouse's Social Security Offset; plus

		(B)

  	the amount specified in Subsection 6.5 hereof; plus

		(C)	the Participant's Annuity Offset calculated as of the first day of the month next following the date of his death.

            6.4     In
the event that a Participant shall die on or after his Full Benefit Date but prior to his termination of employment and prior to the date retirement benefits commenceto him pursuant to Article IV hereof, his Spouse, if then living, shall be entitled
to receive a Spouse's benefit payable in accordance with Section 6.6 hereof. Subject to Section 6.7 hereof and subject to adjustments pursuant to Section 6.8 the monthly amount of her 

Spouse's benefit shall be equal to the Participant's Basic Retirement Benefit determined on the first day of the month next following the date of his death reduced by the total of:

		(a)

  	the Spouse's Social Security Offset; plus

		(b)

  	the amount specified in Subsection 6.5 hereof; plus

		(c)

  	the Participant's Annuity Offset calculated as of the first day of the month next following the date of his death.

           6.5 The amount of the reduction specified in Subsections 6.3(B) and 6.4(b) above shall be equal to the total Other Retirement
Plan Benefits payable, or which would be payable upon application therefor, to the Spouse, and which are payable on a Life Annuity Basis commencing on the first day of the month next following the death of the Participant. In the event that the
Spouse is entitled to or was previously entitled to Other Retirement Plan Benefits, but such benefits either are not payable on a Life Annuity Basis or do not commence on the first day of the month next following the death of the Participant, or
both, the amount of the reduction specified in Subsections 6.3(B) and 6.4(b) shall be equal to the amount which, if such amount were payable on a Life Annuity Basis, commencing on the first day of the month next following the death of the
Participant, would be the Actuarial Equivalent of the Other Retirement Plan Benefits payable to the Spouse. Such reduction shall be computed as of the date Spouse's benefits commence to the Spouse under this Article VI and shall not thereafter be
subject to adjustment by reason of any change in the amount of Other Retirement Plan Benefits payable to the Spouse.

           6.6 Spouse's benefits payable pursuant to this Article VI shall be payable commencing on the first day of the month next
following the death of the Participant and shall be payable on the first day of each month thereafter during the life of the Spouse. Spouse's benefits shall terminate with the benefit payment made on the first day of the month during which the
Spouse's death occurs and no Spouse's benefits shall be payable thereafter except that,

in the event that a Spouse whose benefits are payable pursuant to Section 6.2, 6.3 or 6.4 hereof shall die prior to receiving sixty (60) monthly payments of Spouse's benefits and in the event there are no
Dependent Children of the Participant, the balance of such sixty (60) monthly payments shall be paid to the estate of the Spouse.

      6.7 Notwithstanding any other provision of this Article VI, in the event the Spouse of a deceased Participant shall be more than ten (10) years younger than such
Participant, the amount of her Spouse's benefits shall be reduced by three percent (3%) for each year by which her age plus ten (10) years is less than the age of such Participant.

      6.8 The amount of Spouse's benefits shall be recomputed to reflect changes in the Spouse's Social Security Offset on each of the following dates:

		(a)

  	if she is not eligible to receive primary survivor's benefits under the Federal Social Security Act for a reason other than a limit on her maximum allowable Earned Income, on the
date she first becomes eligible to receive such benefits or would first become eligible to receive such benefits except for a limit on her maximum allowable Earned Income; and

		(b)

  	if she is eligible to receive primary survivor's benefits under the Federal Social Security Act, the date, if any, that she ceases to be eligible to receive such benefits for a
reason other than a limit on her maximum allowable Earned Income.

 In any such recomputation, increases in the rate of the Spouse's survivor's benefits under the Federal Social Security Act as a result of amendments to such Act or increases in the cost of
living shall be disregarded. Spouse's benefits payable pursuant to this Article VI after the date of recomputation shall be paid in accordance with the amount as recomputed.

ARTICLE VII 

 DEPENDENT CHILDREN'S BENEFITS 

           7.1 In the event of the death of a Participant, who is not survived by a Spouse, each Dependent Child of said Participant who is
living on the date of death of said Participant shall be entitled to receive a Dependent Child's benefit payable in accordance with the provisions of Section 7.3 hereof. The monthly amount of Dependent Child's benefit payable to each such Dependent
Child shall be equal to (a) divided by (b) where:

		(a)

  	equals the monthly amount of Spouse's benefit which would have been payable pursuant to Article VI hereof if the deceased Participant had been survived by a Spouse who was no more
than ten (10) years younger than the Participant; and

		(b)

  	equals the number of Dependent Children of said Participant who are living on the date of the Participant's death.

          7.2 In the event of the death of the Spouse of a deceased Participant, which Spouse was entitled to receive a Spouse's benefit
pursuant to Article VI hereof immediately prior to her death, each Dependent Child of said Participant who is living on the date of death of the Spouse shall be entitled to receive a Dependent Child's benefit payable in accordance with Section 7.3
hereof. The monthly amount of Dependent Child's benefit payable to each such Dependent Child shall be equal to (a) divided by (b) where:

		(a)

  	equals the monthly amount of Spouse's benefit payable to such deceased Spouse immediately prior to her death pursuant to Article VI hereof; and

		(b)

  	equals the number of Dependent Children of said Participant who are living on the date of said Spouse's death.

            7.3 A Dependent Child's benefit shall be payable in equal monthly installments. The first of such monthly installments shall be
payable as of the first day of the month following the death of the Participant, or his Spouse, as the case may be, if the Dependent Child is living and is a Dependent Child on such first day of such month. Subsequent monthly installments
shall

be payable on the first day of each month thereafter and shall cease upon the payment of the installment due on the first day of the month in which the Dependent Child dies or ceases to be a Dependent Child. Cessation of payments of monthly
installments to a Dependent Child of a Participant shall not affect the right to, nor the amount of, payment of monthly installments to another Dependent Child of a deceased Participant.

      7.4 Each person claiming a Dependent Child's benefit shall submit to the Compensation Committee satisfactory evidence showing he is the natural or adopted child of the deceased
Participant and his age. Each person who has attained age twenty-one (21) and who is claiming or receiving a Dependent Child's benefit shall, within thirty (30) days after the later to occur of his attainment of age twenty-one (21) and his first
eligibility to receive a Dependent Child's benefit, and from time to time thereafter, submit to the Compensation Committee satisfactory evidence showing he is or continues to be a Dependent Child.

ARTICLE VIII 

 DEATH AND MEDICAL BENEFITS 

 8.1 Each Participant who remains in the Continuous Service of the Company either until his attainment of his Full Benefit Date or until both his completion of ten (10) years of Vesting Service and his attainment of
age fifty-five (55) shall continue to be covered by the group life insurance program of the Company during the remainder of his life thereafter. The amount of his group life insurance coverage during the period prior to the earlier of his
termination of employment or his Normal Retirement Date shall be the amount otherwise provided in such group life insurance program, reduced by his Split Dollar Offset calculated as of the first day of the applicable year. The amount of his group
insurance coverage after the earlier of his termination of employment or his Normal Retirement Date shall be equal to (a) minus (b) where:

	 	(a)	equals: (i) multiplied by (ii) where:
	 	 	(i)	
twelve (12) times such Participant's Final Earnings; and

	 		(ii)	equals a fraction, the numerator of which shall be the lesser of his number of years of Benefit Service or fifteen (15) and the denominator of which shall be fifteen (15); and 
	 	(b)	equals his Split Dollar Offset calculated as of the earlier of his termination of employment or his Normal Retirement Date;

  which amount shall be rounded to the next highest multiple of $10,000.00. 

      8.2 The Company shall continue the coverage of a Participant, his Spouse and his dependents under the Company's Group Medical Plan after the termination of the Participant's employment
if: 

	 	(a)

  	the Participant was a Senior Executive on his Full Benefit Date and the Participant shall terminate his employment or die after his Full Benefit Date; or

	 	(b)

  	the Participant shall terminate his employment at a time when he is a Senior Executive and after he has completed ten (10)years of Vesting Service and has attained age
fifty-five

The amount of coverage to be continued pursuant to this Section 8.2 shall be equivalent to the level of coverage in effect from time to time thereafter with respect to Participants who are actively employed by the Company.

     Such coverage shall continue until the latest to occur of:

	 	 	 (i) 	the death of the Participant;
	 	 	(ii)

	 the death of his Spouse; or 
	 	 	(iii)	the date the Participant's dependents, other than his Spouse, would have ceased to be Dependent Children of the Participant under the terms of this Program if the Participant had lived and
continued in the Continuous Service of the Company. 

 The Company shall pay all premiums required to maintain such coverage under the Group Medical Plan. In addition, the Company shall pay all premiums needed to provide coverage under Part B of Medicare until the later
to occur of (i) or (ii) above. Upon the cessation of the coverage of a Dependent Child by reason of his ceasing to be a "Dependent Child" or the coverage of a Spouse by reason of his or her divorce from the Participant, the Dependent Children and/or
the divorced Spouse may elect to continue the coverage at their own expense to the extent, if any, that they are entitled to continuation of such coverage pursuant to Section 162(k) of the Internal Revenue Code.

ARTICLE IX 

 FORFEITURE OF BENEFITS 

      9.1 In the event the Compensation Committee shall receive a written confession by a Participant, or retired or terminated Participant, or proof satisfactory to the
Compensation Committee, of the commission by such a Participant of theft or embezzlement from the Company, or any other felony against the Company, or dishonesty in connection with Company matters or in connection with this Program as determined to
exist by the Compensation Committee, the rights of such Participant, and the rights of such Participant's beneficiaries, Spouse and dependents, to receive retirement benefits and/or death and medical benefits provided herein shall immediately be
forfeited and the Company's obligation to pay or provide any such retirement and/or welfare benefits shall thereupon cease and terminate.

      9.2 In the event that a retired or terminated Participant, who shall be entitled to receive retirement benefits and/or welfare benefits provided herein, shall, in
any material respect, Engage in Competition with the Company as defined in Section 1.17 hereof, he shall forfeit his right and the right of his Spouse and dependents to receive any further retirement benefit payments or any death and medical
benefits hereunder. It is herein understood that ownership, directly or indirectly, by the retired or terminated Participant of no more than five percent (5%) of the stock in a corporation, the stock of which is listed on a national exchange or
which is publicly-owned and currently traded over-the-counter and with which the retired or terminated Participant has no connection other than as a stockholder shall in no event be deemed to be engaging in competition.

      9.3 In the event that, upon a date specified in Articles IV, Vand VI hereof for the commencement or
recomputation of benefits payable undersaid Articles, a Participant or a Spouse shall fail or refuse to provide the

Compensation Committee with full, complete and accurate information with respect to the amount of benefits, the commencement date of benefits and the method of payment of benefits payable to the Participant
or Spouse under a retirement plan which provides Other Retirement Plan Benefits, other than such a retirement plan administered by the Company, or under the Federal Social Security Act, such Participant or Spouse shall forfeit all rights to receive
any retirement, disability, Spouse's or welfare benefits under this Program.

      9.4 In the event that a Participant shall commit suicide within two (2) years after the earlier of the date he became a Participant in this Program or the date he
first became covered by a Supplemental Retirement and Death Benefit Agreement, no Spouse's benefits or Dependent Children's benefits shall be payable with respect to his participation in this Program, except to the extent provided in Section 15.9
hereof.

ARTICLE X 

 FORCED TAKEOVER 

      10.1 In the event that a Forced Takeover, as defined in Section 1.20 hereof, shall occur, the provisions of this Article X shall control to the extent they
conflict with the provisions of Articles I, III, IV, VIII, IX or XI hereof.

      10.2 In the event that a Forced Takeover shall occur, each Participant who has not completed ten (10) years of Vesting Service or attained his Full Benefit Date
shall have a nonforfeitable right to receive retirement benefits under this Program if he is in the Continuous Service of the Company immediately prior to the Forced Takeover. Such retirement benefits shall be payable in accordance with Sections
4.5, 4.6, 4.7 and 4.8 hereof and shall commence on the first day of any month on or after the later of such Participant's attainment of age fifty-five (55) or his termination of employment but not later than his Full Benefit Date as such Participant
shall designate in writing to the Compensation Committee.

      10.3 In the event that a Forced Takeover shall occur, the Accrued Retirement Benefit of a Participant, who is in the Continuous Service of the Company immediately
prior to the Forced Takeover, shall not be less than his Projected Accrued Retirement Benefit determined on the day immediately preceding the Forced Takeover.

     10.4 In the event that a Forced Takeover shall occur, the "Benefit Service" of a Participant, who is in the Continuous Service of the Company immediately prior to
the Forced Takeover and who terminates employment, retires, dies or becomes Disabled thereafter, shall not be less than the "Benefit Service" he would have had on his Full Benefit Date computed on the assumptions that:

	 	(a)

  	he would have remained in the Continuous Service of the 

     10.5 In the event that a Forced Takeover shall occur, each Participant, who is in the Continuous Service of the Company immediately prior to the Forced Takeover, shall be eligible for benefits under Section 8.1 hereof.
Each such Participant shall also be eligible for benefits under Section 8.2 hereof if he was a Senior Executive on the date of the Forced Takeover and he terminates his employment or dies thereafter.

     10.6 In the event that a Forced Takeover shall occur, Sections 9.1 and 9.2 hereof shall not apply to any Participant who was in the Continuous Service of the
Company immediately prior to the Forced Takeover.

ARTICLE XI 

 SIGNIFICANT MANAGEMENT CHANGE 

     11.1 In the event that a Significant Management Change, as defined in Section 1.33 hereof, shall occur, the provisions of this Article XI shall control to the
extent they conflict with the provisions of Articles I, IV, VIII or IX hereof.

     11.2 In the event that a Significant Management Change shall occur, each Participant who has not completed ten (10) years of Vesting Service or attained his Full
Benefit Date and whose employment is involuntarily terminated by the Company after such Significant Management Change for a reason other than those described in Section 9.1 hereof shall have a nonforfeitable right to receive retirement benefits
under this Program if he is in the Continuous Service of the Company immediately prior to the Significant Management Change. Such retirement benefits shall be payable in accordance with Sections 4.5, 4.6, 4.7 and 4.8 hereof and shall commence on the
first day of any month on or after the later of such Participant's attainment of age fifty-five (55) or his termination of employment but not later than his Full Benefit Date as such Participant shall designate in writing to the Compensation
Committee.

     11.3 In the event that a Significant Management Change shall occur, each Participant who is in the Continuous Service of the Company immediately prior to the
Significant Management Change and whose employment is involuntarily terminated by the Company after such Significant Management Change for a reason other than those described in Section 9.1 hereof shall be eligible for benefits under Section 8.1
hereof. Each such Participant shall also be eligible for benefits under Section 8.2 hereof if he was a Senior Executive on the date of the Significant Management Change and his employment is
involuntarily terminated by the Company thereafter for a reason other than

those described in Section 9.1 hereof. 

      11.4 In the event that a Significant Management Change shall occur, Section 9.2 hereof shall not apply to any Participant who was in the Continuous Service of the Company immediately
prior to the Significant Management Change and whose employment is involuntarily terminated by the Company after such Significant Management Change for a reason other than those described in Section 9.1 hereof.

ARTICLE XII 

 FINANCING OF BENEFITS 

      12.1 The retirement benefits, disability benefits, Spouse's benefits and Dependent Children's benefits provided in Articles IV, V, VI and VII hereof shall not be
funded or financed by the Company in any manner, other than by the annuity contracts which were purchased from Alexander Hamilton Life, People's Security Insurance Company and United Pacific Life Insurance Company, and no escrow, trust fund,
insurance contract or contracts or other funding medium shall be established or purchased by the Company for the benefit of the Participants or their Spouses and Dependent Children. Any benefits which are not provided by such annuities shall be
payable solely from the general funds of the Company. The undertakings of the Company herein constitute merely the unsecured promise of the Company to make the payments and provide the benefits set forth herein.

      12.2 The death and medical benefits provided in Article VIII hereof shall be funded by and provided by the group insurance programs described in said Article
VIII.

ARTICLE XIII 

 ADMINISTRATION 

         13.1 The Compensation Committee shall be responsible for the general administration of the Program and shall have all such powers as may be
necessary to carry out the provisions of the Program and may, from time to time, establish rules for the administration of the Program and the transaction of the Program's business. The Compensation Committee shall have the following powers and
duties: 

		(a)

	To enact such rules, regulations, and procedures and to prescribe the use of such forms as it shall deem advisable.

		(b)

  	To appoint or employ such agents, attorneys, actuaries, and assistants at the expense of the Company, as it may deem necessary to keep its records or to assist it in
taking any other action.

		(c)

	To interpret the Program, and to resolve ambiguities, inconsistencies, and omissions, to determine any question of fact, to determine the right to benefits of, and the
amount of benefits, if any, payable to, any person in accordance with the provisions of the Program.

         13.2 If any Participant, any beneficiary, or the authorized representative of a Participant or beneficiary shall file an
application for benefits hereunder and such application is denied by the Compensation Committee, in whole or in part, he shall be notified in writing of the specific reason or reasons for such denial. The notice shall also set forth the specific
Program provisions upon which the denial is based, an explanation of the provisions of Section 13.3 hereof, and any other information deemed necessary or advisable by the Compensation Committee. 

         13.3 Any Participant, any beneficiary, or any authorized representative of a Participant or beneficiary whose application for benefits hereunder
has been denied, in whole or in part, by the Compensation Committee may, upon written notice to the Compensation Committee, request a review by the Board of Directors of Figgie International
Inc. of such denial of his

application. Such review may be made by written briefs submitted by the applicant and the Compensation Committee or at a hearing, or by both, as shall be deemed necessary by the Compensation Committee. If
the applicant requests a hearing, the Board of Directors shall appoint from its members an Appeal Examiner to conduct such hearing. Any hearing conducted by an Appeal Examiner shall be held in such location as shall be reasonably convenient to the
applicant. The date and time of any such hearing shall be designated by the Appeal Examiner upon not less than seven (7) days' notice to the applicant and the Compensation Committee unless both of them accept shorter notice. The Appeal Examiner
shall make every effort to schedule the hearing on a day and at a time which is convenient to both the applicant and the Compensation Committee. If the applicant does not request a hearing, the Board of Directors may review the denial of such
benefits or may appoint an Appeal Examiner to review the denial. After the review has been completed, the Board of Directors or the Appeal Examiner shall render a decision in writing, a copy of which shall be sent to both the applicant and the
Compensation Committee. In rendering its decision, the Board of Directors and the Appeal Examiner shall have full power and discretion to interpret this Program, to resolve ambiguities, inconsistencies and omissions, to determine any question of
fact, to determine the right to benefits of, and the amount of benefits, if any, payable to, the applicant in accordance with the provisions of this Program. Such decision shall set forth the specific reason or reasons for the decision and the
specific Program provisions upon which the decision is based and, if the decision is made by an Appeal Examiner, the rights of the applicant or the Compensation Committee to request a review by the entire Board of Directors of the decision of the
Appeal Examiner. Either the applicant or the Compensation Committee may request a review of an adverse decision of the Appeal Examiner byfiling a written request with the Board of
Directors within thirty (30) days after they receive a copy of the Appeal Examiner's decision. The review of a

decision of the Appeal Examiner shall be based solely on the written record and shall be conducted in accordance with the procedures of this Section 13.3. There shall be no further appeal from a decision
rendered by a quorum of the Board of Directors.

      13.4 The interpretations, determinations and decisions of the Compensation Committee, Appeal Examiner and Board of Directors shall, except to the extent provided
in Section 13.3 hereof and in this Section 13.4, be final and binding upon all persons with respect to any right, benefit and privilege hereunder. The review procedures of said Section 13.3 shall be the sole and exclusive remedy and shall be in lieu
of all actions at law, in equity, pursuant to arbitration or otherwise unless a Forced Takeover has occurred. In the event a Forced Takeover has occurred, an applicant shall have the right to file suit for his benefits under this Program at any
time, irrespective of whether or not he has exhausted the appeal procedures of Section 13.3 hereof. In addition, an applicant shall be entitled to a trial de novo in any such suit.

      13.5 The Company, Compensation Committee, Appeal Examiner, Board of Directors, and their respective officers, members, employees and agents shall have no duty or
responsibility under the Program other than the duties and responsibilities expressly assigned to them herein or delegated to them pursuant hereto. None of them shall have any duty or responsibility with respect to the duties or responsibilities
assigned or delegated to another of them.

      13.6 The Compensation Committee, Board of Directors, Appeal Examiners, and their respective officers and members shall incur no personal liability of any nature
whatsoever in connection with any act done or omitted to be done in the administration of this Program. The Company shall indemnify, defend, and hold harmless the Compensation Committee,
Board of Directors, Appeal Examiner, and their respective officers, employees, members and agents,

for all acts taken or omitted in carrying out their responsibilities under the terms of this Program. The Company shall indemnify such persons for expenses of defending an action by a Participant,
beneficiary, government entity, or other persons, including all legal fees and other costs of such defense. The Company will also reimburse such a person for any monetary recovery in a successful action against such person in any federal or state
court or arbitration. In addition, if the claim is settled out of court with the concurrence of the Company, the Company shall indemnify such person for any monetary liability under said settlement.

ARTICLE XIV 

 AMENDMENT AND TERMINATION 

            14.1 Subject to the provisions of Sections 14.2 and 14.3 hereof, this Program may be amended by Figgie International Inc. at
any time, or from time to time, and may be terminated by Figgie International Inc. at any time, but no such amendment or termination will

		(a)

  	deprive any Participant or any terminated or retired Participant of his right to receive his Basic Retirement Benefit as determined as of the date of such amendment or termination,
or reduce the amount of such Accrued Retirement Benefit, unless such Participant consents in writing to such deprivation or reduction; or

		(b)

  	deprive the Spouse and Dependent Children of any terminated or retired Participant of their rights to receive the payments provided by Articles VI or VII hereof, or reduce the
amount of any such payments, unless such Participant consents in writing to such deprivation or reduction; or

		(c)

  	deprive any Disabled Participant of his right to receive disability benefits as provided in Article V hereof, or reduce the amount of such disability benefits; or

		(d)

  	deprive any terminated, retired or Disabled Participant or the Spouse or dependents of any such terminated, retired or Disabled Participant of his right to receive the death and
medical benefits provided by Article VIII hereof, or reduce the amount of such death and medical benefits.

 Any such amendment or termination may, however, reduce or eliminate the death and medical benefits provided by Article VIII hereof with respect to any Participant (and the Spouse and dependents
of such Participant) whose employment by the Company has not terminated at the date of such amendment or termination of this Program.

            14.2 Notwithstanding the provisions of Section 14.1, in the event of a Forced Takeover or a Significant Management Change, this
Program may not thereafter be terminated and may not thereafter be amended in any manner which would have the effect of depriving any Participant who was a Participant on the date of such Forced Takeover or Significant Management Change or his
Spouse or

Dependent Child of any of the benefits provided by this Program or which would have the effect of reducing the amount of any benefit, which is or could be payable to such a Participant, Spouse, or Dependent Child, below the amount which is or could
be payable under the terms of this Program immediately prior to the Forced Takeover or Significant Management Change.

     14.3 Notwithstanding any provision of this Article XIV to the contrary, Figgie International Inc. may amend or modify this Program in any respect which shall be necessary or advisable in
order that the pension benefits provided by this Program shall constitute unfunded deferred compensation for a select group of management or highly compensated employees as described in Sections 201(2), 301(a)(3), and 401(a)(1) of the Employee
Retirement Income Security Act of 1974, as amended.

ARTICLE XV 

 MISCELLANEOUS 

     15.1 Neither anything contained herein, nor any acts done in pursuance of this Program, shall be construed as entitling any Participant to be continued in the
employ of the Company for any period of time nor as obliging the Company to keep any Participant in its employ for any period of time, nor shall any employee of the Company nor anyone else have any rights whatsoever, legal or equitable, against the
Company as a result of this Program except those expressly granted to him hereunder.

      15.2 The undertakings of the Company herein constitute merely the unsecured promise of the Company to make the payments and provide the benefits as provided for
herein. No property of the Company is or shall, by reason of this Program, be held in trust for any Participant, any Spouse, any Dependent Child, or any other person, and neither the Participants nor any Spouse, any Dependent Child or any other
person shall have by reason of this Program, any rights, title or interest of any kind in or to any property of the Company.

     15.3 Whenever any pronoun is used herein, it shall be construed to include the masculine pronoun, the feminine pronoun or the neuter pronoun as shall be
appropriate.

     15.4 This Program shall be construed under and in accordance withthe laws of the State of Ohio and of the
United States of America.

     15.5 In the event that any provision or term of this Program, or any agreement or instrument required by the Compensation Committee hereunder, is determined by
judicial, quasi-judicial or administrative body to be void or not enforceable for any reason, all other provisions or terms of this Program or such agreement or instrument shall remain in full force and effect and shall be enforceable as if such
void or nonenforceable provision or term had never been a part of this Program, or such agreement or instrument.

  

     15.6 No benefits under this Program shall be subject in any manner to be anticipated, alienated, sold, transferred, assigned, pledged encumbered or charged, and any attempt to so
anticipate, alienate, sell, transfer, assign, pledge, encumber or charge the same shall be void; nor shall any such benefits in any manner be liable for or subject to the debts, contracts, liabilities, engagements or torts of the person entitled to
such benefits as are herein provided for him.

     15.7 Any payment to or for the benefit of any Participant, retired Participant, terminated Participant, or Disabled Participant, or to his Spouse, Dependent Child or beneficiary, in
accordance with the provisions of this Program, shall to the extent thereof be in full satisfaction of all claims hereunder against the Program, the Compensation Committee and the Company, any of whom may require such Participant, retired
Participant, terminated Participant, Disabled Participant, Spouse, Dependent Child or beneficiary, as a condition precedent to such payment, to execute a receipt and release therefor in such form as shall be determined by the Compensation Committee
or the Company, as the case may be.

     15.8 If the monthly benefits payable hereunder to a retired, terminated or Disabled Participant or to a Spouse or Dependent Child shall be less than Twenty-Five Dollars ($25) per month,
the Compensation Committee may direct that said Participant's, Spouse's or Dependent Child's benefits be paid quarterly, semiannually or annually in amounts equal to 3, 6 or 12, respectively, times the monthly amount otherwise payable, or it may, in
its sole discretion, direct payment, in full discharge of all the Program's liability in respect to such benefits, of an amount equal to the lump-sum Actuarial Equivalent value of such benefits.

     15.9 In the event that a Participant under this Program shall have been covered by a Supplemental Retirement and Death Benefit Agreement between himself
and the Company and in the event that he shall have waived his right to 

benefits under such Agreement, the benefits payable under this Program shall not be less than the Actuarial Equivalent of the benefits which would have been payable under such Agreement determined as of the
date benefits under this Program commence.

      15.10 Notwithstanding anything contained in this Program to the contrary, in the event the Company experiences a change described in Section 280G(b)(2)(A)(i) of
the Internal Revenue Code, the present value of the amounts payable to the Participant under this Program which are contingent on such change shall not exceed an amount which, when added to the present value of all other amounts which are payable to
him under all other plans or programs of the Company, shall cause the total present value of all such amounts to equal one dollar ($1.00) less than three (3) times the base amount (as defined in Section 280G of the Internal Revenue Code).

      IN WITNESS WHEREOF, FIGGIE INTERNATIONAL INC., by its duly authorized officers, has caused this Senior Executive Benefits Program, as amended and restated, to be
executed as of the _______ day of _______________, 1991. 

	 	 FIGGIE INTERNATIONAL INC.

	 

	 		 
	 	 ("Figgie")

	  
	 		 
	 	By	 
	 	 
 	 
	 		 
	 	AndNON QUALIFIED DEFINED BENEFIT PLAN

 

Exhibit 10.51 

 SCOTT TECHNOLOGIES, INC.  

 NONQUALIFIED DEFINED BENEFIT PLAN

 

 Effective: January 1, 1998 

  

	 TABLE OF CONTENTS

			
	ARTICLE	 NO.

		 

	NAME AND PURPOSE	 1

		 

	DEFINITIONS	 2

		 

	ELIGIBILITY AND PARTICIPATION	 3

		 

	ACCRUED ANNUAL BENEFIT	 4

		 

	RETIREMENT BENEFITS	 5

		 

	DEATH BENEFITS	 6

		 

	RIGHTS OF PARTICIPANTS AND BENEFICIARIES	 7

		 

	TRUST	 8

		 

	ADMINISTRATION AND CLAIMS PROCEDURE	 9

		 

	AMENDMENT AND TERMINATION	 10

		 

	MISCELLANEOUS	 11

 SCOTT TECHNOLOGIES, INC.

NONQUALIFIED DEFINED BENEFIT PLAN  

       This Plan is hereby adopted by Scott Technologies, Inc. (formerly known as Figgie International Inc.), a corporation organized and existing under and by virtue of
the laws of the State of Delaware (hereinafter referred to as the “Company”);  

 W I T N E S S E T H:  

       WHEREAS, the Company maintains the Scott Technologies, Inc. (formerly Figgie International Inc.) Retirement Income Plan II; and 

     WHEREAS, the Company now desires to establish the Scott Technologies, Inc. Nonqualified Defined Benefit Plan (hereinafter referred to as the “Plan”) in
order to permit certain management and highly compensated employees earning in excess of the Internal Revenue Code Section 401(a)(17) compensation limit on qualified plans to accrue additional benefits which are based on compensation in excess of
said limit; 

     NOW, THEREFORE, the Company hereby adopts the Plan, effective January 1, 1998, as follows:

 

 ARTICLE 1  

 NAME AND PURPOSE  

       1.1 Name. The name of this Plan shall be the SCOTT TECHNOLOGIES,
INC. NONQUALIFIED DEFINED BENEFIT PLAN.  

      1.2 Purpose. This Plan is
hereby established to provide unfunded deferred compensation to certain management and highly compensated employees of the Company under certain conditions specified herein.  

       1.3 Plan for a Select Group. This Plan shall only cover employees of the Company who are members of a “select group of management or highly
compensated employees” within the meaning of Sections 201(2), 301(a)(3), 401(a)(1) and 4021(b)(6) of ERISA. The Company shall have the authority to take any and all action necessary or desirable in order that this Plan satisfies the
requirements set forth in ERISA and regulations thereunder applicable to plans maintained for employees who are members of a select group of management or highly compensated employees. Moreover, this Plan at all times shall be administered in such a
manner, and benefits hereunder shall be so limited, notwithstanding any contrary provision of this Plan, in order that this Plan shall constitute such a plan.  

       1.4 Not a Funded Plan. It is the intention and purpose of the Company that this Plan shall be deemed to be “unfunded” for tax purposes as well as
being such a plan as would properly be described as “unfunded” for purposes of Title I of ERISA. This Plan shall be administered in such a manner, notwithstanding any contrary provision of this Plan, in order that it will be so deemed and
would be so described.

 

 ARTICLE 2  

 DEFINITIONS  

       Unless the context otherwise indicates, the following terms used herein shall have the following meanings whenever used in this Plan:

      2.1 Accrued Annual Benefit. “Accrued Annual Benefit” means for a Participant an amount determined in accordance with the provisions of Article 4
hereof.

      2.2 Administrator. “Administrator” means the “Administrator” as defined in the RIP II.

     2.3 Appeals Committee. “Appeals Committee” means the Appeals Committee established
pursuant to Article 9 hereof.

     2.4 Average Excess Pensionable Earnings. “Average Excess Pensionable Earnings” means for
any Participant the excess of his Average Unlimited Pensionable Earnings over his RIP II Average Pensionable Earnings.  

       2.5 Average Unlimited Pensionable Earnings. “Average Unlimited Pensionable Earnings” means the total of the Participant’s Unlimited
Pensionable Earnings during each of the five (5) consecutive calendar years among the ten (10) calendar years which includes the calendar year containing the earlier of his date of Termination of Employment or the date he ceased to be a Covered
Employee, during which said total was highest, divided by five (5).  

       If a Participant has less than five (5) full calendar years, his “Average Unlimited  Pensionable
Earnings” shall mean his Unlimited Pensionable Earnings for his entire period of employment  divided by the number of full months of his employment and multiplied by twelve (12).
 

       2.6 Beneficiary. “Beneficiary” means any person who receives or is designated or eligible to receive payment of any benefit under the terms of
this Plan on the death of a Participant or former Participant.

        2.7 Benefit Commencement Date. “Benefit Commencement Date” means for a Participant the date his retirement benefits have commenced or been paid in accordance with Article 5 hereof.  

       2.8 Benefit Service. “Benefit Service” means for a Participant the number of calendar years during which the Participant has been actively
participating in the RIP II, including any such calendar years during which such Participant accrued benefits under the RIP II as a Disabled Participant.  

       2.9 Board. “Board” means the Board of Directors of the Company. 

     2.10 Change of Control. “Change of Control” means the occurrence of any of the following events:
 

	 (a)

  

	a change in the composition of the Board such that a majority of such Board members are not the same persons who were directors twelve (12) months earlier;

	 (b)

  

	approval by the Company of a reorganization, merger or consolidation with respect to which, in any such case, the persons who were shareholders of the Company immediately prior to
such reorganization, merger or consolidation do not, immediately thereafter, own more than fifty percent (50%) of the combined voting power entitled to vote in the election of the directors of the reorganized, merged or consolidated company;

	 (c)

  

	liquidation or dissolution of the Company; or

	 (d)

  

	a sale or disposition by the Company of all or substantially all of the Company’s assets.

     2.11 Code. “Code” means the Internal Revenue Code of 1986, as amended, and any regulations or other pronouncements promulgated thereunder. 

     2.12 Company. “Company” means Scott Technologies, Inc. and any successor corporation or
business organization which shall assume the duties and obligations of Scott Technologies, Inc. under this Plan.  

      2.13 Covered Employee. “Covered Employee” means an active participant in the RIP II whose Unlimited Pensionable Earnings for a Plan Year exceed the
401(a)(17) Earnings Limit for such Plan Year and who, solely with respect to the 1998 Plan Year, is actively participating in the Supplemental Part
of the RIP II. An eligible employee shall become a Covered Employee as of the first payroll payment date following the payroll period in the Plan Year in which his Unlimited Pensionable Earnings
first exceed the 401(a)(17) Earnings Limit. An employee shall cease to be a Covered Employee upon the earlier of his ceasing to be an active participant in the RIP II or the point at which his Average Unlimited Pensionable Earnings are projected to
be below the 401(a)(17) Earnings Limit.  

      2.14 Disabled Participant. “Disabled Participant” means for periods commencing on or after January 1, 1998 a Participant who has received or is
receiving disability income benefits under the Company’s Disability Benefits Plan for Salaried Employees.  

      2.15 Effective Date. “Effective Date” means the date this Plan became effective,
which date is January 1, 1998.

      2.16 ERISA. “ERISA” means the Employee Retirement Income Security Act of 1974, as amended,
and any regulations or other pronouncements promulgated thereunder.  

      2.17 401(a)(17) Earnings Limit. “401(a)(17) Earnings Limit” means the limitation on annual compensation which must be taken into account under the RIP
II pursuant to Section 401(a)(17) of the Code.  

      2.18 Normal Retirement Date. “Normal Retirement Date” means a Participant’s “normal retirement date” as defined in the RIP II.  

      2.19 Participant. “Participant” means a Covered Employee who is designated to be an eligible employee pursuant to Section 3.1 hereof. A Participant
shall cease to be a Participant, and shall become a former Participant, upon the earlier of his Termination of Employment or the date the Participant ceases to be designated by the Company as eligible to participate. However, the word Participant
may also include, where the context indicates, any former Participant in this Plan.  

      2.20 Pensionable Earnings. “Pensionable Earnings” means for any Participant his Pensionable Earnings as defined in the RIP II and as limited in
accordance with the 401(a)(17) Earnings Limit. In all respects, the amount of Pensionable Earnings shall be determined in accordance with the
information contained in the payroll records of the Company.  

      2.21 Plan. “Plan” means the Scott Technologies, Inc. Nonqualified Defined Benefit Plan as
set forth herein, effective as of the Effective Date, and as it may be later amended.  

      2.22 Plan Year. “Plan Year” means the calendar year. The first Plan Year shall be the
1998 calendar year. 

      2.23 RIP II. “RIP II” means the Salaried Program of the Company’s Retirement Income Plan II, including for purposes of calculating “Benefit
Service” the Prior Salaried Program (as defined in the RIP II).  

      2.24 RIP II Average Pensionable Earnings. “RIP II Average Pensionable Earnings” means the total of the Participant’s Pensionable Earnings during
each of the five (5) consecutive calendar years in which his Pensionable Earnings are the highest among the ten (10) calendar years which includes the calendar year containing the earliest of his date of Termination of Employment or the date he
ceased to be a Covered Employee, divided by five (5).  

  If a Participant has less than five (5) full calendar years, his “RIP II Average Pensionable Earnings” shall mean his Pensionable Earnings for his entire period of employment divided
by the number of full months of his employment and multiplied by twelve (12).  

      2.25 Surviving Spouse. “Surviving Spouse” means the individual to whom a Participant or former Participant had been married throughout the twelve (12)
month period ending on the date of his death.  

      2.26 Termination of Employment. “Termination of Employment” means a
Participant’s “Termination of employment” as defined in the RIP II. 

      2.27 Trust. “Trust” means any trust established pursuant to Article 8 hereof.  

      2.28 Unlimited Pensionable Earnings. “Unlimited Pensionable Earnings” means for any Participant his Pensionable Earnings as defined in Section 2.20
hereof, except that such amount shall not be subject to the 401(a)(17) Earnings Limit. In all respects, the amount of Unlimited Pensionable Earnings
shall be determined in accordance with the information contained in the payroll records of the Company. 

 

 ARTICLE 3  

 ELIGIBILITY AND PARTICIPATION  

       3.1 Eligibility. A Covered Employee shall be eligible to participate in this Plan for any Plan Year commencing on or after the Effective Date if the
Covered Employee is designated by the Company as a member of a “select group of management or highly compensated employees” within the meaning of Sections 201(2), 301(a)(3), 401(a)(1) and 4021(b)(6) of ERISA for such Plan Year and meets
such other eligibility requirements as the Company may impose. A Covered Employee must be designated by the Company as eligible to participate for a Plan Year in order to participate for such Plan Year. 

       3.2 Participation. Each Covered Employee who has satisfied the eligibility requirements set forth in Section 3.1 hereof shall automatically become or
continue as a Participant and actively participate for a Plan Year.

  

 ARTICLE 4  

 ACCRUED ANNUAL BENEFIT  

      4.1 Amount of Accrued Annual Benefit. The Accrued Annual Benefit of a Participant shall be an amount
equal to (a) multiplied by (b) below, where:  

	 (a)

  

	equals one and two-tenths percent (1.2%) of his Average Excess Pensionable Earnings; and

	 (b)

  

	equals his number of years of Benefit Service (computed to the nearest one-twelfth (1/12) year) up to a maximum of thirty (30) years.

 ARTICLE 5  

 RETIREMENT BENEFITS  

       5.1 Vesting of Retirement Benefits. A Participant’s Accrued Annual Benefit under this Plan shall become fully vested and nonforfeitable at the same
time as his Vested Percentage under the RIP II becomes one hundred percent (100%). To the extent that a Participant’s Accrued Annual Benefit under this Plan does not become fully vested and nonforfeitable, such Accrued Annual Benefit shall be
forfeited and shall not be paid or provide a basis for payments to the Participant under this Plan.  

      5.2 Eligibility for Retirement Benefits. A Participant shall be eligible to receive his
vested retirement benefit under this Plan at the same time he is eligible to receive a retirement benefit pursuant to Article IX of the Salaried Provisions of the RIP II. Subject to Section 5.5
hereof, payment of such Participant’s vested retirement benefit under this Plan shall commence or be made at the same time as payment of his Company Funded Benefit under the RIP II commences or is made.  

      5.3 Form of Retirement Benefits. Subject to Section 5.5 hereof, payment of a Participant’s vested retirement benefit under this Plan shall be made in the form of retirement benefits pursuant to which he is receiving
payment of his Company Funded Benefit under the RIP II.  

      5.4 Amount of Retirement Benefits. The annual retirement benefit payable to a Participant pursuant to this Article 5 shall be equal his vested Accrued Annual Benefit if: 

	 (a)

  

	his Benefit Commencement Date is on or after his Normal Retirement Date; and

	 (b)

  

	such retirement benefit is paid in the form of a straight life annuity as described in Section 10.3 of the Salaried Provisions of the RIP II.

 The annual retirement benefit payable to a Participant pursuant to this Article 5 shall be reduced in accordance with the provisions of the RIP II if payment of such retirement benefit does not
meet the requirements of Subsection (a) or (b) above and is not made pursuant to Section 5.5 hereof. Specifically such annual retirement benefit shall be reduced in accordance with the Salaried Provisions of the RIP II to 
reflect early payment if the requirement of Subsection (a) is not satisfied and shall be actuarially reduced in accordance with the Base Plan Provisions and the Salaried Provisions of the RIP II to
reflect payment under a periodic form of payment which is not a straight life annuity form of payment if the requirement of Subsection (b) is not satisfied. In addition, the monthly amount of retirement benefit actually payable hereunder shall equal
one-twelfth of the annual retirement benefit.  

      5.5 Cashout of Retirement Benefits. Notwithstanding anything in this Plan to the contrary, if the lump sum actuarial equivalent of any Participant’s or former Participant’s benefits under this Plan, calculated in accordance with the provisions of the RIP II, would amount to
Five Thousand Dollars ($5,000.00) or less at the time of distribution, such Participant’s or former Participant’s benefits shall be paid in such actuarially equivalent lump sum.  

     5.6 Cessation of Active Participation Initiated by the Administrator. In the event that
the Administrator determines, in its sole discretion, that a Participant is not, or may not be, a member of a “select group of management or highly compensated employees” within the
meaning of Sections 201(2), 301(a)(3), 401(a)(1) or 4021(b)(6) of ERISA, then the Administrator may, in its sole discretion, terminate such Participant’s active participation in this Plan. In the event of any such termination of active
participation, the Accrued Annual Benefit of such Participant shall be frozen and shall not thereafter change.  

       5.7 Tax Withholding. The Company may withhold from any payment made by it under this Plan such amount or amounts as may be required for purposes of
complying with the tax withholding or other provisions of the Code, the Social Security Act or any state or local income or employment tax act or for purposes of paying any estate, inheritance or other tax attributable to any amounts payable
hereunder.

 

 ARTICLE 6  

 DEATH BENEFITS  

      6.1 Death Prior to Benefit Commencement Date. If a Participant or former Participant whose Accrued Annual Benefit under this Plan is fully vested and nonforfeitable dies prior his Benefit Commencement Date, his Surviving Spouse shall receive a 50% Surviving Spouse Benefit which shall be
based on the Participant’s Accrued Annual Benefit. Except as provided in Section 6.3 hereof, such 50% Surviving Spouse Benefit shall be paid on a monthly basis. The amount of such 50% Surviving Spouse’s Benefit shall be calculated by
adjusting such Accrued Annual Benefit as though it were payable as a monthly 50% Surviving Spouse’s Benefit under the RIP II. Subject to Section 6.3 hereof, the 50% Surviving Spouse’s Benefit which is payable pursuant to this Plan shall be
paid in the same manner and at the same time as the 50% Surviving Spouse’s Benefit under the RIP II would be paid to the Surviving Spouse if such Surviving Spouse was actually eligible for such a 50% Surviving Spouse’s Benefit under the
RIP II.  

      6.2 Death On or After Benefit Commencement Date. If a Participant or former Participant dies on or after his Benefit Commencement Date, there shall be paid to his Beneficiary or Beneficiaries the death benefit, if any, provided under the form of retirement benefits under which
such Participant or former Participant was receiving retirement benefits accrued under this Plan.  

      6.3 Cashout of Retirement Benefits. Notwithstanding anything in this Plan to the contrary, if the lump sum actuarial equivalent of any death benefits payable to a Beneficiary under this Plan, calculated in accordance with the provisions of the RIP II, would amount to Five Thousand
Dollars ($5,000.00) or less at the time of distribution, such death benefits shall be paid in such actuarially equivalent lump sum as soon as reasonably possible after the death of the Participant.

 

 ARTICLE 7  

 RIGHTS OF PARTICIPANTS AND BENEFICIARIES 

      7.1 Creditor Status of Participants and Beneficiaries. This Plan constitutes the unfunded, unsecured promise of the Company to make benefit payments to Participants and Beneficiaries in the future and shall be a liability
solely against the general assets of the Company. The Company shall not be required to segregate, set aside or escrow any amounts for the benefit of any Participant or Beneficiary. Participants and Beneficiaries shall have the status of general
unsecured creditors of the Company and may look only to the Company and its general assets for payment of benefits under this Plan.  

       7.2 Rights with Respect to a Trust. Any trust, and any assets held thereby to assist the Company in meeting its obligations under this Plan, shall in no
way be deemed to controvert the provisions of Section 7.1 hereof.  

       7.3 Investments. In its sole discretion, the Company may acquire insurance policies, annuities or other financial vehicles for the purpose of providing
future assets of the Company to meet its anticipated liabilities under this Plan. Such policies, annuities or other investments shall at all times be and remain unrestricted general property and assets of the Company or property of a trust
established pursuant to Article 8 hereof. Participants and Beneficiaries shall have no rights, other than as general creditors, with respect to such policies, annuities or other acquired assets.

ARTICLE 8  

TRUST  

        8.1 Establishment of Trust. Notwithstanding any other provision or interpretation of this Plan, the Company may establish a Trust in which to hold
cash, insurance policies or other assets to be used to make, or reimburse the Company for, payments to the Participants or Beneficiaries of all or part of the benefits under this Plan. Any Trust assets shall at all times remain subject to the claims
of general creditors of the Company in the event of its insolvency as more fully described in the Trust.  

      8.2 Obligation of the Company. Notwithstanding the fact that a Trust may be established under Section 8.1 hereof, the Company shall remain liable for paying the benefits under this Plan. However, any payment of benefits to a Participant or Beneficiary made by such a Trust shall
satisfy the Company’s obligation to make such payment to such person.  

       8.3 Trust Terms. A Trust established under Section 8.1 hereof shall be revocable by the Company; provided, however, that such a Trust shall become
irrevocable in accordance with its terms in the event of a Change in Control. Such a Trust may contain such other terms and conditions as the Company may determine to be necessary or desirable. The Company may terminate or amend a Trust established
under Section 8.1 hereof at any time, and in any manner it deems necessary or desirable, subject to the preceding sentence and the terms of any agreement under which any such Trust is established or maintained.

 

 ARTICLE 9  

 ADMINISTRATION AND CLAIMS PROCEDURE 

      9.1 General Rights, Powers, and Duties of Administrator. The Administrator, or such person or entity as the Administrator may delegate from time to time hereunder, shall be responsible for the general administration of this Plan and shall have all powers as may be necessary to carry out
the provisions of this Plan and may, from time to time, establish rules for the administration of this Plan and the transaction of this Plan’s business. In addition to any powers, rights and duties set forth elsewhere in this Plan, the
Administrator shall have the following powers, rights and duties: 

	 (a)

	To enact such rules, regulations, and procedures and to prescribe the use of such administrative forms as it shall deem advisable;

	 (b)

	To appoint or employ such agents, attorneys, actuaries, accountants, assistants or other persons (who may also be Participants in this Plan or be employed by or represent the
Company) at the expense of the Company as it may deem necessary to keep its records or to assist it in taking any other action authorized or required hereunder;

	 (c)

	To delegate to designated persons or entities the right to exercise any of its powers or the obligation to carry out any or all of its duties as Administrator;

	 (d)

	To interpret this Plan, and to resolve ambiguities, inconsistencies and omissions, to determine any question of fact, to determine the right to benefits of, and the amount of
benefits, if any, payable to, any person in accordance with the provisions of this Plan and to resolve all questions arising under this Plan;

	 (e)

	To administer this Plan in accordance with its terms and any rules and regulations it establishes;

	 (f)

	To maintain such records concerning this Plan as it deems sufficient to prepare reports, returns and other information required by this Plan or by law; and

	 (g)

  

	To direct the Company to pay benefits under this Plan and to give such other directions and instructions as may be necessary for the proper administration of this Plan.

      9.2 Information to be Furnished to the Administrator. The Company shall furnish the Administrator with such data and information as it may reasonably require. The records of the Company 
shall be determinative of each Participant’s period of employment, Termination of Employment and the reason therefor, leave of absence, reemployment, years of service, personal data, and data
regarding Average Excess Pensionable Earnings, Average Unlimited Pensionable Earnings, Pensionable Earnings, RIP II Average Pensionable Earnings and Unlimited Pensionable Earnings and all reductions thereof under this Plan. Participants and
Beneficiaries shall furnish to the Administrator such evidence, data or information and execute such documents as the Administrator requests.  

       9.3 Claim for Benefits. Any claim for benefits under this Plan shall be made in writing to the Administrator in such a manner as the Administrator shall
prescribe. The Administrator shall process each such claim and determine entitlement to benefits within ninety (90) days following its receipt of a completed application for benefits 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 as of which the Administrator expects to render the final decision. 

  If such a claim is wholly or partially denied by the Administrator, the Administrator shall notify the claimant of the denial of the claim in writing, delivered in person or mailed by first
class mail to the claimant’s last known address. Such notice of denial shall contain:  

	 (a)

  

	the specific reason or reasons for denial of the claim;

	 (b)

  

	a reference to the relevant Plan provisions upon which the denial is based;

	 (c)

  

	a description of any additional material or information necessary for the claimant to perfect the claim, together with an explanation of why such material or
information is necessary; and

	 (d)

	an explanation of this Plan’s claim review procedure. 

 If no such notice is provided, the claim shall be deemed denied. The interpretations, determinations and decisions of the Administrator shall be final and binding upon all
persons with respect to any right, benefit and privilege hereunder, subject to the review procedures set forth in this Article.  

      9.4 Request for Review of a Denial of a Claim for Benefits. Any claimant or any authorized representative of such claimant whose claim for benefits under this Plan has been denied or deemed denied, in whole or in part, by the Administrator may upon written notice to the Appeals
Committee request a review by the Appeals Committee of such denial of his or her claim for benefits. Such claimant shall have sixty (60) days from the date the claim is deemed denied, or sixty (60) days from receipt of the notice denying the claim,
as the case may be, in which to request such a review. Such notice must specify the relief requested and the reason such claimant believes the denial should be reversed.  

       9.5 Appeals Procedure. The Appeals Committee is hereby authorized to review the facts and relevant documents, including this Plan, to interpret this Plan
and other relevant documents and to render a decision on the claim of the claimant. Such review may be made by written briefs submitted by the claimant and the Administrator or at a hearing, or by both, as shall be deemed necessary by the Appeals
Committee. The Appeals Committee may, in its sole discretion, appoint from its members an Appeal Examiner to conduct such review. Any hearing conducted by an Appeal Examiner shall be held in such location as shall be reasonably convenient to the
claimant. Any hearing conducted by the Appeals Committee shall be held in the Corporate Headquarters of the Company or such other location as the Appeals Committee shall select. The date and time of such hearing shall be designated by the Appeals
Committee or the Appeal Examiner upon not less than fifteen (15) days’ notice to the claimant and the Administrator unless both of them accept shorter notice. The notice shall specify that such claimant must indicate in writing, at least five
(5) days in advance of the time established for such hearing, his or her intention to appear at the appointed time and place, or the hearing will automatically be cancelled. The reply shall specify any other persons who will accompany him or her to
the hearing, or such other persons will not be admitted to the hearing. The Appeals Committee or the Appeal Examiner shall make every
effort to schedule the hearing on a day and at a time which is convenient to both the claimant and the Administrator. The claimant, or his or her duly authorized representative, may review all
pertinent documents relating to the claim in preparation for the hearing and may submit issues and comments in writing prior to or during the hearing.  

       9.6 Decision Upon Review of Denial of Claim for Benefits. After the review has been completed, the Appeals Committee or the Appeal Examiner shall render a
decision in writing, a copy of which shall be sent to both the claimant and the Administrator. In making its decision the Appeals Committee or the Appeal Examiner shall have full power and discretion to interpret this Plan, to resolve ambiguities,
inconsistencies and omissions, to determine any question of fact, to determine the right to benefits of, and the amount of benefits, if any, payable to, any person in accordance with the provisions of this Plan. The Appeals Committee or the Appeal
Examiner shall render a decision on the claim review promptly, but not more than sixty (60) days after the receipt of the claimant’s request for review, unless special circumstances (such as the need to hold a hearing) require an extension of
time, in which case the sixty (60) day period shall be extended to one hundred twenty (120) days. Such decision shall include specific reasons for the decision and contain specific references to the relevant Plan provisions upon which the decision
is based and, if the decision is made by an Appeal Examiner, the rights of the claimant or the Administrator to request a review by the entire Appeals Committee of the decision of the Appeal Examiner. The decision on review shall be furnished to the
claimant within the appropriate time described above. If the decision on review is not furnished within such time, the claim shall be deemed denied on review. Either the claimant or the Administrator may request a review of an adverse decision of
the Appeal Examiner by filing a written request with the Appeals Committee within thirty (30) days after they receive a copy of the Appeal Examiner’s decision or the claim is deemed denied on review. The review of a decision of the Appeal
Examiner shall be conducted by the Appeals Committee in accordance with the procedures of this Section and Section 9.5 hereof. There shall be no further appeal from a decision rendered by a quorum of the Appeals Committee. Except to the extent
provided above, the decision of the Appeals Committee or
the Appeal Examiner shall be final and binding in all respects on the Administrator, the Company and the claimant. Except as otherwise provided in ERISA, the review procedures of this Section and
said Section 9.5 shall be the sole and exclusive remedy and shall be in lieu of all actions at law, in equity, pursuant to arbitration or otherwise. In any event, a claimant must exhaust the review procedures of this Section and said Section 9.5
prior to the commencement of any such action.  

       9.7 Establishment of Appeals Committee. The Company shall appoint the members of an Appeals Committee which shall consist of three (3) or more members. The
members of the Appeals Committee shall remain in office at the will of the Company and the Company, from time to time, may remove any of said members with or without cause. A member of the Appeals Committee may resign upon written notice to the
remaining member or members of the Appeals Committee and to the Company, respectively. The fact that a person is a Participant or a former Participant or a prospective Participant shall not disqualify him from acting as a member of the Appeals
Committee, nor shall any member of the Appeals Committee be disqualified from acting on any question because of his interest therein, except that no member of the Appeals Committee may act on any claim which such member has brought as a Participant,
former Participant, or Beneficiary under this Plan. In case of the death, resignation or removal of any member of the Appeals Committee, the remaining members shall act until a successor-member shall be appointed by the Company. At the
Administrator’s request, the Secretary of the Company shall notify the Administrator in writing of the names of the original members of the Appeals Committee, of any and all changes in the membership of the Appeals Committee, of the member
designated as Chairman, and the member designated as Secretary, and of any changes in either office. Until notified of a change, the Administrator shall be protected in assuming that there has been no change in the membership of the Appeals
Committee or the designation of Chairman or of Secretary since the last notification was filed with it. The Administrator shall be under no obligation at any time to inquire into the membership of the Appeals Committee or its officers. All
communications to the Appeals Committee shall be addressed to its Secretary at the address of the Company.  

         9.8 Operations of Appeals Committee. On
all matters and questions, a decision of a majority of the members of the Appeals Committee shall govern and control; but a meeting need not be called or held to make any decision. The Appeals Committee shall appoint one of its members to act as its
Chairman and another member to act as Secretary. The terms of office of these members shall be determined by the Appeals Committee, and the Secretary and/or Chairman may be removed by the other members of the Appeals Committee for any reason which
such other members may deem just and proper. The Secretary shall do all things directed by the Appeals Committee. Although the Appeals Committee shall act by decision of a majority of its members as above provided, nevertheless in the absence of
written notice to the contrary, every person may deal with the Secretary and consider his acts as having been authorized by the Appeals Committee. Any notice served or demand made on the Secretary shall be deemed to have been served or made upon the
Appeals Committee.  

       9.9 Limitation of Duties. The Company, the Administrator, the Appeals Committee, the Appeal Examiner, and their respective officers, members, employees and
agents shall have no duty or responsibility under this Plan other than the duties and responsibilities expressly assigned to them herein or delegated to them pursuant hereto. None of them shall have any duty or responsibility with respect to the
duties or responsibilities assigned or delegated to another of them.  

      9.10 Expenses of Administration and the Committee. No fee or compensation shall be paid to the Administrator or any member of the Appeals Committee for his or its services as such, but the Administrator and the Appeals Committee may be reimbursed for his or its expenses by the Company.
The Administrator and the Appeals Committee may hire such attorneys, accountants, actuaries, agents, clerks, and secretaries as they may deem desirable in the performance of their functions, any of whom may also be advisors to the Company or any
affiliated company, and the expense associated with the hiring or retention of any such person or persons shall be paid directly by the Company. 

       9.11 Indemnification. In addition to whatever rights of indemnification an employee of the Company who serves as a delegate of the Administrator or the
Company or is a member of the Appeals
Committee may be entitled to under the Certificate of Incorporation or bylaws of the Company, under any provision of law or under any other agreement, including the RIP II, the Company shall satisfy any liability actually incurred by any such
individual, including reasonable expenses and attorneys’ fees, and any judgments, fines, and amounts paid in settlement, in connection with any threatened, pending or completed action, suit or proceeding which is related to the exercise or
failure to exercise by such individual of any powers, authority, responsibilities or discretion provided under this Plan or reasonably believed by such individual to be provided hereunder, and any action taken by such individual in connection
therewith. This indemnification for all such acts taken or omitted is intentionally broad, but shall not provide indemnification for acts taken or omissions occurring as a result of bad faith. Such indemnification will not be provided to any person
who is not a present or former employee of the Company or affiliated company thereof nor shall it be provided for any claim by the Company or affiliated company thereof against any such person. No indemnification shall be provided to any person who
is not an individual.  

      9.12 Limitation of Administrative Liability. Neither the Administrator, nor the Appeals
Committee, nor any of their respective officers, members, employees, agents and delegates shall be liable for any act taken by such person or entity pursuant to any provision of this Plan except
for gross abuse of the discretion given it and them hereunder. No member of the Appeals Committee shall be liable for the act of any other member. No member of the Board shall be liable to any person for any action taken or omitted in connection
with the administration of this Plan.  

       9.13 Limitation of Sponsor Liability. Any right or authority exercisable by the Company, pursuant to any provision of this Plan, shall be exercised in the
Company’s capacity as sponsor of this Plan, or on behalf of the Company in such capacity, and not in a fiduciary capacity, and may be exercised without the approval or consent of any person in a fiduciary capacity. Neither the Company, nor any
of its respective officers, members, employees, agents and delegates, shall have any liability to any party for its exercise of any such right or authority.

  

         9.14 Special Provisions Relating to Change of
Control. In the event of a Change of Control, the three (3) individuals having the greatest benefits due under this Plan shall assume the responsibilities of the Appeals Committee or the Appeal Examiner set forth in Sections 9.5 and 9.6 hereof.
If one or more of them shall not be able to serve or to continue to serve, the individual or individuals having the next largest benefit due under this Plan will serve in their place. If at any time less than three (3) individuals have benefits due
under this Plan, such individual or individuals shall perform the duties of the Appeals Committee and the Appeal Examiner. If only one (1) individual has benefits due under this Plan, the Appeals Committee shall not consist of such individual but
shall consist of such individual as he and the Company shall agree. If he and the Company shall fail to agree on a single individual, the Appeals Committee shall consist of three (3) individuals, one appointed by the Company, one appointed by the
individual claiming benefits hereunder, and the third selected by the other two (2).

 

 ARTICLE 10  

 AMENDMENT AND TERMINATION  

       10.1 Amendment, Modification and Termination. This Plan may be amended, modified or terminated by the Company at any time, or from time to time, by a
document executed on behalf of the Company by an officer thereof, which amendment, modification or termination is authorized or ratified by the Compensation Committee of the Board. No such amendment, modification or termination shall reduce the
Accrued Annual Benefit or vested percentage of any Participant, as determined as of the date of such amendment, modification or termination. Notwithstanding anything contained in this Plan to the contrary, no amendment made to this Plan after a
Change of Control shall:  

	 (a)

  

	change the time when payments are available or the methods of payments available to any Participant or Beneficiary without such Participant’s or Beneficiary’s consent; or

	 (b)

  

	change the appeal process set forth in Article 9 of the Plan as in effect immediately prior to such Change of Control.

 Notwithstanding the preceding sentence, this Plan may be amended to the extent necessary to comply with applicable law and, in the event the RIP II is amended, this Plan may be amended so that
its provisions are consistent with the provisions of the RIP II as amended.  

       10.2 Distributions on Termination. Except as provided in Section 5.5 hereof, in the event this Plan is terminated, distribution of a Participant’s
vested retirement benefits shall be accomplished by the purchase of an annuity in one of the forms of retirement benefits provided under the RIP II as selected by the Participant. Distributions of death benefits pursuant to Section 6.2 hereof may be
accelerated in the sole discretion of the Company if this Plan is terminated. 

 

 ARTICLE 11  

 MISCELLANEOUS  

       11.1 No Implied Rights. Neither the establishment of this Plan nor any amendment thereof shall be construed as giving any Participant, any Beneficiary or
any other person any legal or equitable right unless such right shall be specifically provided for in this Plan or conferred by specific action of the Company in accordance with the terms and provisions of this Plan. Except as expressly provided in
this Plan, the Company shall not be required or be liable to make any payment under this Plan.  

      11.2 No Right to Company Assets. Neither the Participant nor any other person shall acquire by reason of this Plan any right to or title to any assets, funds or other property of the Company whatsoever including, without limiting the generality of the foregoing, any specific assets,
funds or other property which the Company, in its sole discretion, may set aside in anticipation of a liability hereunder. Any benefits which become payable hereunder shall be paid from the general assets of the Company. The Participant shall have
only a contractual right to the amounts, if any, payable hereunder, unsecured by any asset of the Company. Nothing contained in this Plan constitutes a guarantee by the Company that the assets of the Company shall be sufficient to pay any benefit to
any person.  

      11.3 No Employment Rights Created. This Plan shall not be deemed to constitute a contract of employment between the Company and any Participant, nor confer upon any Participant or employee the right to be retained in the service of the Company for any period of time, nor shall any
provision hereof restrict the right of the Company to discharge or otherwise deal with any Participant or other employees, with or without cause. Nothing herein shall be construed as fixing or regulating the Unlimited Pensionable Earnings payable to
any Participant or other employee of the Company.  

       11.4 Offset. If, at the time payments or installments of payments are to be made hereunder, a Participant or Beneficiary is indebted or obligated to the
Company, then the payments remaining to be made to the Participant or the Beneficiary may, at the discretion of the Company, be
reduced by the amount of such indebtedness or obligation; provided, however, that an election by the Company not to reduce any such payment or payments shall not constitute a waiver of its claim
for such indebtedness or obligation.

       11.5 Non-assignability. Neither the Participant nor any other person shall have any voluntary or involuntary right to commute, sell, assign, pledge,
anticipate, mortgage or otherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, or any part thereof, and any attempt to do so shall be void. All benefits are expressly declared to be
unassignable and non-transferable. No part of the benefits under this Plan shall be, prior to actual payment, subject to seizure or sequestration for the payment of any debts, judgments, alimony or separate maintenance owed by the Participant or any
other person, or be transferable by operation of law in the event of the Participant’s or any other person’s bankruptcy or insolvency.

       11.6 Notice. Any notice required or permitted to be given under this Plan shall be sufficient if in writing and hand delivered, or sent by first class
mail, and if given to the Company, delivered to the principal office of the Company, directed to the attention of the President. Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on
the postmark or the receipt for registration or certification.

       11.7 Governing Laws. This Plan shall be construed and administered according to ERISA and the
laws of the State of Ohio.

       11.8 Incapacity. If the Administrator determines that any Participant or Beneficiary entitled to payments under this Plan is incompetent by reason of
physical or mental disability and is consequently unable to give a valid receipt for payments made hereunder, or is a minor, the Administrator may order the payments becoming due to such Participant or Beneficiary to be made to another person for
the benefit of such Participant or Beneficiary, without responsibility on the part of the Administrator to follow the application of amounts so paid. Payments made pursuant to this Section shall completely
discharge this Plan, any Trust, the Administrator, the Company and the Appeals Committee with respect to such payments.  

       11.9 Administrative Forms. Applications, elections and designations, if any, made by a Participant or Beneficiary in connection with this Plan shall become
effective only when provided to the Administrator in such form as is required by the Administrator.  

       11.10 Independence of Plan. Except as otherwise expressly provided herein, this Plan shall be independent of, and in addition to, any other employee
benefit agreement or plan or any rights that may exist from time to time thereunder.  

      11.11 Responsibility for Legal Effect. Neither the Company, the Administrator, the Appeals Committee, nor any officer, member, delegate or agent of any of them, makes any representations or warranties, express or implied, or assumes any responsibility concerning the legal, tax, or
other implications or effects of this Plan.  

       11.12 Successors. The terms and conditions of this Plan shall inure to the benefit of and bind the Company, the Administrator, the Appeals Committee and
its members, the Participants, the Beneficiaries and the successors, assigns, and personal representatives of any of them.  

       11.13 Headings and Titles. The Section headings and titles of Articles used in this Plan are for
convenience of reference only and shall not be considered in construing this Plan.  

      11.14 General Rules of Construction. The masculine gender shall include the feminine and neuter, and vice versa, as the context shall require. The singular number shall include the plural, and vice versa, as the context shall require. The present tense of a verb shall include the past
and future tenses, and vice versa, as the context may require.  

       11.15 Severability. In the event that any provision or term of this Plan, or any agreement or instrument required by the Administrator hereunder, is
determined by a judicial, quasi-judicial or administrative body to be void or not enforceable for any reason, all other provisions or terms of this Plan or
such agreement or instrument shall remain in full force and effect and shall be enforceable as if such void or nonenforceable provision or term had never been a part of this Plan, or such agreement
or instrument.

     11.16 Actions by the Company. Except as otherwise provided herein, all actions of the Company under this Plan shall be taken by the Board, by any officer of
the Company, or by any other person designated by any of the foregoing.  

        IN WITNESS WHEREOF, Scott Technologies, Inc., by its appropriate officers duly authorized, has
caused this Plan to be executed as of the ____ day of December, 1998.  

	 	SCOTT TECHNOLOGIES, INC. 	 

	 		 
	 	 (“Company”) 

	  
	 	 	 
	 	By:	 
	 	 
 	 
	 	 	 
	 	And:	 
	 	 
 	 
	 	 	 

 

 AMENDMENT NO. 1

TO

SCOTT TECHNOLOGIES, INC.

NONQUALIFIED DEFINED BENEFIT PLAN  

  

     THIS AMENDMENT NO. 1 is made this ___ day of ___________, 2000, by SCOTT TECHNOLOGIES, INC., a Delaware
corporation (hereinafter referred to as the “Company”).  

 W I T N E S S E T H:  

       WHEREAS, the Company established the Scott Technologies, Inc. Nonqualified Defined Benefit Plan (hereinafter referred to as the “Plan”), effective as of
January 1, 1998; and 

     WHEREAS, the Company reserved the right, pursuant to Section 10.1 of the Plan, to make certain amendments thereto; and 

     WHEREAS, it is the desire of the Company to amend the Plan to reflect the intent of the Company with regard to the maximum number of years of Benefit Service which
is to be taken into account in determining Participants’ Accrued Annual Benefits; 

     NOW, THEREFORE, pursuant to Section 10.1 of the Plan and effective as of January 1, 1998, the Company hereby amends the Plan by the deletion of subparagraph (b) of
Section 4.1 of the Plan and the substitution in lieu thereof of a new subparagraph (b) to read as follows:  

      “(b) equals his number of years of Benefit Service (computed to the nearest one-twelfth (1/12) year) up to a maximum of thirty-five (35) years.” 

       IN WITNESS WHEREOF, the Company, by its duly authorized officers, has caused this Amendment No. 1 to be
executed as of the day and year first above written.  

	 	SCOTT TECHNOLOGIES, INC. 	 

	 	 	 
	 	 (“Company”)         

	  
	 	 	 
	 	By:	 
	 	 
 	 
	 	 	 
	 	And:

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