Document:

TIME INC. SUPPLEMENTAL SAVING PLAN

 Exhibit 10.17 

Time Inc. 

Supplemental Savings Plan 

(Originally Effective January 1, 2011 and 

Restated Herein Effective as of January 1, 2014) 

 Time Inc. 

Supplemental Savings Plan 

TABLE OF CONTENTS 
  

							
	 	  	 	  	Page	 
		
	ARTICLE I. ESTABLISHMENT AND PURPOSE	  	 	1	  
			
	 1.1
	  	 ESTABLISHMENT OF THE PLAN
	  	 	1	  
	 1.2
	  	 DESCRIPTION AND PURPOSE OF THE
PLAN
	  	 	1	  
	 1.3
	  	 EFFECTIVE DATE
	  	 	1	  
		
	ARTICLE II. DEFINITIONS	  	 	1	  
			
	 2.1
	  	 DEFINITIONS
	  	 	1	  
	 2.2
	  	 GENDER AND NUMBER
	  	 	5	  
		
	ARTICLE III. ELIGIBILITY AND PARTICIPATION	  	 	5	  
			
	 3.1
	  	 PARTICIPATION
	  	 	5	  
	 3.2
	  	 CONTINUED PARTICIPATION
	  	 	6	  
		
	ARTICLE IV. DEFERRALS	  	 	6	  
			
	 4.1
	  	 PARTICIPANT DEFERRAL ELECTION
	  	 	6	  
	 4.2
	  	 CREDITING OF COMPANY DEFERRALS
	  	 	8	  
	 4.3
	  	 CANCELLATION OF DEFERRAL ELECTION
	  	 	8	  
	 4.4
	  	 FORM OF PAYMENT OF DEFERRED
AMOUNTS
	  	 	9	  
	 4.5
	  	 VESTING
	  	 	9	  
		
	ARTICLE V. SUPPLEMENTAL SAVINGS ACCOUNTS	  	 	10	  
			
	 5.1
	  	 SUPPLEMENTAL SAVINGS ACCOUNT
	  	 	10	  
	 5.2
	  	 HYPOTHETICAL INVESTMENT
	  	 	10	  
	 5.3
	  	 INVESTMENT DIRECTION
	  	 	11	  
	 5.4
	  	 CHANGES IN INVESTMENT DIRECTION
	  	 	11	  
	 5.5
	  	 MANNER OF HYPOTHETICAL INVESTMENT
	  	 	11	  
	 5.6
	  	 PARTICIPANT ASSUMES RISK OF LOSS
	  	 	11	  
	 5.7
	  	 STATEMENT OF ACCOUNT
	  	 	11	  
		
	ARTICLE VI. PAYMENT OF DEFERRED AMOUNTS	  	 	12	  
			
	 6.1
	  	 PAYMENT OF DEFERRED AMOUNTS
	  	 	12	  
	 6.2
	  	 PAYMENT TO BENEFICIARY OR ESTATE IN
THE EVENT OF DEATH
	  	 	12	  
	 6.3
	  	 UNFORESEEABLE EMERGENCY
	  	 	13	  
	 6.4
	  	 INCAPACITY
	  	 	14	  
	 6.5
	  	 REHIRE OF INACTIVE PARTICIPANT
	  	 	14	  
		
	ARTICLE VII. ADMINISTRATION	  	 	14	  
			
	 7.1
	  	 THE ADMINISTRATIVE COMMITTEE
	  	 	14	  
	 7.2
	  	 INVESTMENT COMMITTEE
	  	 	15	  
	 7.3
	  	 BENEFITS OFFICER
	  	 	16	  
	 7.4
	  	 INDEMNIFICATION
	  	 	16	  
	 7.5
	  	 EXPENSES OF ADMINISTRATION
	  	 	16	  
	 7.6
	  	 RELIANCE ON INFORMATION
	  	 	16	  
	 7.7
	  	 NO LIABILITY FOR ACTS OF OTHERS
	  	 	16	  

  
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	ARTICLE VIII. CLAIMS REVIEW PROCEDURE	  	 	16	  
			
	 8.1
	  	 PARTICIPANT OR BENEFICIARY REQUEST FOR
CLAIM
	  	 	16	  
	 8.2
	  	 INSUFFICIENCY OF INFORMATION
	  	 	17	  
	 8.3
	  	 REQUEST NOTIFICATION
	  	 	17	  
	 8.4
	  	 EXTENSIONS
	  	 	17	  
	 8.5
	  	 CLAIM REVIEW
	  	 	17	  
	 8.6
	  	 TIME LIMITATION ON REVIEW
	  	 	18	  
	 8.7
	  	 SPECIAL CIRCUMSTANCES
	  	 	18	  
	 8.8
	  	 LEGAL ACTIONS
	  	 	18	  
		
	ARTICLE IX. AMENDMENT AND TERMINATION	  	 	18	  
			
	 9.1
	  	 AMENDMENTS
	  	 	18	  
	 9.2
	  	 TERMINATION OR SUSPENSION
	  	 	18	  
	 9.3
	  	 PARTICIPANTS’ RIGHTS TO PAYMENT
	  	 	19	  
		
	ARTICLE X. PARTICIPATING COMPANIES	  	 	19	  
			
	 10.1
	  	 ADOPTION BY OTHER ENTITIES
	  	 	19	  
		
	ARTICLE XI. GENERAL PROVISIONS	  	 	19	  
			
	 11.1
	  	 PARTICIPANTS’ RIGHTS UNSECURED
	  	 	19	  
	 11.2
	  	 NON-ASSIGNABILITY
	  	 	19	  
	 11.3
	  	 NO RIGHTS AGAINST THE COMPANY
	  	 	19	  
	 11.4
	  	 WITHHOLDING
	  	 	20	  
	 11.5
	  	 NO GUARANTEE OF TAX CONSEQUENCES
	  	 	20	  
	 11.6
	  	 SEVERABILITY
	  	 	20	  
	 11.7
	  	 NO INDIVIDUAL LIABILITY
	  	 	20	  
	 11.8
	  	 APPLICABLE LAW
	  	 	21	  
	 11.9
	  	 COMPLIANCE WITH SECTION 409A OF THE
CODE
	  	 	21	  

  
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 Time Inc. 

Supplemental Savings Plan 

ARTICLE I. ESTABLISHMENT AND PURPOSE 

1.1 Establishment of the Plan. Time Inc. hereby adopts this Plan, which shall be known as the Time Inc. Supplemental Savings Plan. This
Plan was previously incorporated as part of the Time Warner Supplemental Savings Plan prior to January 1, 2014 and is established as a separate plan as of January 1, 2014 for Employees who are Eligible Employees as of January 1, 2014.

 1.2 Description and Purpose of the Plan. This Plan is intended to constitute a non-qualified deferred compensation plan that, in
accordance with ERISA Sections 201(2), 301(a)(3) and 401(a)(1), is unfunded and established primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees who earn compensation in excess
of the Code Section 401(a)(17) limits on compensation eligible for deferral under a qualified retirement plan. 
 1.3 Effective
Date. This Plan was originally effective as of January 1, 2011. The Plan is restated herein effective as of January 1, 2014. 

ARTICLE II. DEFINITIONS 

2.1 Definitions. Whenever used herein, the following terms shall have the meanings as provided for herein, unless otherwise expressly
provided herein or unless a different meaning is plainly required by the context, and when the defined meaning is intended, the term is capitalized: 

(a) “Administrative Committee” means the Administrative Committee as provided for herein. 

(b) “Affiliate” means any entity affiliated with the Company within the meaning of Code Section 414(b), with respect to
controlled groups of corporations, Section 414(c) with respect to trades or businesses under common control with the Company, and Section 414(m) with respect to affiliated service groups, and any other entity required to be aggregated with
the Company pursuant to regulations under Section 414(o) of the Code. 
 (c) “Beneficiary” means the person or persons
designated from time to time by a Participant or Inactive Participant, by notice to the Administrative Committee, to receive any benefits payable under the Plan after his or her death, which designation has not been revoked by notice to the
Administrative Committee at the date of the Participant’s or Inactive Participant’s death. Such notice shall be in a form as required by the Administrative Committee or acceptable to the Administrative Committee, which is properly
completed and delivered to the Administrative Committee or the Administrative Committee’s designee. Notice to the Administrative Committee shall be deemed to have been given when it is actually received by or on behalf of such officer. 

 (d) “Benefits Officer” means the most senior officer of the Company who is
responsible for the Company’s human resources function. 
 (e) “Board” means the Board of Directors of the Company or
a committee thereof authorized to act in the name of the Board. 
 (f) “Change in Control” means there is a change in the
ownership or effective control of the relevant Company or in the ownership of a substantial portion of the assets of the relevant Company as defined under, and as determined in accordance with, Treasury Regulation § 1.409A-3(i)(5) and any other
applicable guidance issued under Code Section 409A. For purposes of this Plan, in order for a Change in Control to have occurred with respect to a Participant, the relevant Company is determined for each Participant under Treasury Regulation
§ 1.409A-3(i)(5)(ii) and any other applicable guidance issued under Code Section 409A. 
 (g) “Claims
Administrator” means the person or persons designated by the Administrative Committee to be responsible for ministerial functions related to day to day administration of the Plan. If no Claims Administrator has been so designated, then the
Administrative Committee shall be the Claims Administrator. 
 (h) “Code” means the Internal Revenue Code of 1986, as
amended. 
 (i) “Company” means Time Inc. or any successor thereto. 

(j) “Company Discretionary Deferral” means the deferrals, if any, credited to Participants’ Supplemental Savings
Accounts in accordance with Section 4.2(b). 
 (k) “Company Matching Deferral” means the deferrals credited to
Participants’ Supplemental Savings Accounts in accordance with Section 4.2(a). 
 (l) “Compensation” means the
Participant’s “Compensation,” paid by an Employing Company, as defined in the Qualified Plan, paid in cash and determined without regard to the Compensation Limit, and without regard to any deferrals or the foregoing of compensation
under this or any other plan of deferred compensation maintained by the Employing Company. Notwithstanding anything to the contrary herein, the Benefits Officer may amend the definition of “Compensation” to include additional items of
compensation; provided, however, that any such amendment must be adopted by the Benefits Officer prior to the beginning of the Plan Year in which the compensation is otherwise to be earned or at such other time(s) permitted under Code
Section 409A (such as prior to the time of the Eligible Employee’s initial eligibility) so as to allow for a deferral of such compensation in accordance with Code Section 409A. 

(m) “Compensation Limit” means the compensation limit of Section 401(a)(17) of the Code, as adjusted under
Section 401(a)(17)(B) of the Code for increases in the cost of living. 

  
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 (n) “Disability” means a permanent and total disability as determined by the
Social Security Administration or any disability for which a Participant is receiving monthly benefits under the provisions of the Time Inc. Long-Term Disability Plan or, in the case of an employee covered by a long term disability plan of an
Affiliate, under the provisions of such plan, whichever shall occur first. 
 (o) “Eligible Employee” means an Employee who
is eligible to participate in the Qualified Plan, is expected to earn Compensation during the Plan Year in excess of the Compensation Limit, including an Employee who is not employed at a U.S. location of an Employing Company if the Employee is
compensated solely through a U.S. payroll. Solely for clarification and the avoidance of doubt, an Employee who is not employed at a U.S. location of an Employing Company is not eligible for this Plan if such Employee is compensated in whole or in
part through a non-U.S. payroll. For purposes of Section 4.1(f), an “Eligible Employee” includes an Employee eligible for additional Compensation payments for which a deferral election may be made thereunder, without regard to whether
such Employee is eligible for participation in the Qualified Plan. 
 (p) “Employee” means an “Employee” as
defined in the Qualified Plan. 
 (q) “Employing Company” means the Company and each Affiliate that has been authorized by
the Benefits Officer to participate in the Plan and has adopted the Plan. When the term “Company” is used with respect to an individual Participant, it shall refer to the specific Employing Company at which the Participant is employed,
unless otherwise required by the context. 
 (r) “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended. 
 (s) “Excess Compensation” means the Compensation otherwise payable to an Eligible Employee in excess of the
Compensation Limit (or such other higher dollar limitation as may be set by the Benefits Officer in his or her sole discretion for any Plan Year). 

(t) “Inactive Participant” means a Participant who had previously deferred amounts credited to a Supplemental Savings Account
and such Participant is no longer eligible to participate hereunder, including due to a Benefits Officer designation of his or her ineligibility for a future Plan Year or a Separation From Service with the Company and any Affiliate, in either case
where the individual’s Supplemental Savings Account has not been fully distributed. Inactive Participants shall also mean those inactive participants in the Time Warner Supplemental Savings Plan whose supplemental savings accounts in the Time
Warner Supplemental Savings Plan were allocated to this Plan effective January 1, 2014 because of their former service with the Company or an Affiliate. 

(u) “Investment Committee” means the Investment Committee as provided for herein. 

  
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 (v) “Investment Direction” means a Participant’s or an Inactive
Participant’s direction to the recordkeeper of the Plan, in the form and manner prescribed by the Administrative Committee, in accordance with directions made by telephone, through the intranet of the applicable Employing Company or through the
Internet, directing which Investment Funds will be credited with his or her deferrals and transfers of all or part of the deferred amounts and any earnings thereon from other Investment Funds and certain employment agreements, as provided for
herein. 
 (w) “Investment Funds” means those hypothetical investment options selected from time to time by the Investment
Committee as measurements of the rate of return to be credited to (or charged against) Participants’ Supplemental Savings Accounts. 

(x) “Matched Deferrals” means the pre-tax deferrals of Excess Compensation made by a Participant under this Plan in
accordance with Section 4.1(a). 
 (y) “Participant” means any Eligible Employee who is eligible to participate in the
Plan in accordance with Article III. Except for those provisions related to deferral opportunities, references herein to a Participant shall be deemed to include references to Inactive Participants, unless otherwise required by the context. 

(z) “Period of Service” means a period of employment measured in years commencing on the date an individual first becomes an
Employee and ending on an Employee’s Separation from Service but excluding (i) if Employee’s Separation from Service occurs on or before March 31 of any calendar year, the employment period in the calendar year in which
Employee’s Separation from Service occurs; (ii) if Employee’s employment commences on or after October 1 of any calendar year, the employment period in the calendar year in which Employee’s employment commences,
(iii) any period when Employee is on a leave of absence, but only to the extent such service is excluded under the Time Inc. Annual Incentive Plan (or if the Employee did not participate in the Annual Incentive Plan on the last day of the Plan
Year but does participate in another annual incentive compensation program of an Employing Company, then only to the extent such service is excluded under such other program). 

(aa) “Plan” means this Plan, the Time Inc. Supplemental Savings Plan, as provided for herein and as it may be amended from
time to time. 
 (bb) “Plan Year” means the calendar year. 

(cc) “Qualified Plan” means the Time Inc. Savings Plan, as amended from time to time. 

(dd) “Separation From Service” means termination of employment with the Employing Company or an Affiliate that also
constitutes a “separation from service” under Section 409A(a)(2)(A)(i) of the Code and the regulations thereunder; provided, however, that for purposes of determining the controlled group of entities in connection with a Separation
From Service, under Treas. Reg. Section 1.409A-1(h)(3), the determination shall be made using a 

  
 - 4 - 

 
common control ownership threshold of “at least 50%” ownership, rather than “at least 80%” ownership. For purposes of this Plan, a “Separation From Service” occurs
on the first day of the seventh month following the date a Participant first begins a disability leave of absence. For this purpose, a disability leave of absence refers to a leave due to the Participant’s inability to perform the duties of his
or her position of employment or any substantially similar position of employment by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not
less than six months. 
 (ee) “Supplemental Savings Account” means the separate account established under Article V of the
Plan for each Participant and Inactive Participant representing amounts deferred by or for the benefit of a Participant pursuant to Article IV, together with credited earnings (or losses) that reflect the Investment Funds applicable with respect to
each Participant’s deferred amounts. 
 (ff) “Unmatched Deferrals” means the pre-tax deferrals made by a Participant
under this Plan in accordance with Section 4.1(b). 
 (gg) “Valuation Date” means, with respect to the Investment
Funds, each business day when the New York Stock Exchange is open or any other date designated from time to time by the Administrative Committee for determining the value of a Participant’s Supplemental Savings Account for any specified purpose
under the Plan, including the determination of amounts available for unforeseeable emergency withdrawals or other distributions on account of Separation From Service, death, or any reason otherwise allowed under the Plan. 

2.2 Gender and Number. Except when otherwise indicated by the context, any masculine terminology used herein also shall include the
feminine and the feminine shall include the masculine, and the use of any term herein in the singular may also include the plural and the plural shall include the singular. 

ARTICLE III. ELIGIBILITY AND PARTICIPATION 

3.1 Participation. Subject to Section 3.2, an Eligible Employee shall become a Participant in the Plan if, with respect to any
Plan Year, the Eligible Employee earns Compensation during the Plan Year in excess of the Compensation Limit (or such other higher dollar limitation as may be set by the Benefits Officer in his or her sole discretion for that Plan Year before the
beginning of such Plan Year), and the Eligible Employee elects to defer a portion of such Excess Compensation at such time and in such manner as determined by the Administrative Committee pursuant to Article IV. In addition, an Eligible Employee
shall become a Participant in the Plan if, with respect to a Plan Year, the Eligible Employee elects a deferral of special Compensation payments under Section 4.1(f) or has a Company discretionary deferral amount credited to his or her
Supplemental Savings Account under Section 4.2(b). In addition, a participant in the Time Warner Supplemental Savings Plan whose supplemental savings accounts in that plan is allocated to this Plan while Time Warner Inc. is an Affiliate of the
Company in connection with such participant’s becoming an Eligible Employee shall become a Participant on the date such accounts are so allocated. To become a Participant in this Plan, each Eligible Employee must also complete such other forms
or applications as required by the Administrative Committee. 

  
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 3.2 Continued Participation. Once an Eligible Employee becomes a Participant, he or she
shall continue to be eligible to participate for all future years until his or her Separation From Service or death or unless and until the Benefits Officer shall designate that individual or the individual’s Employing Company as ineligible to
participate for a future Plan Year or the Employing Company elects not to continue to participate in the Plan with respect to its employees for a future Plan Year. If a Participant becomes ineligible to participate for future deferrals under this
Plan, he or she shall become an Inactive Participant and retain all the rights described under this Plan with respect to deferrals previously made while an active Participant. 

ARTICLE IV. DEFERRALS 

4.1 Participant Deferral Election. Subject to the conditions as provided for in this Plan, a Participant may elect to defer amounts
hereunder as follows: 
 (a) Matched Deferrals. An Eligible Employee may elect to defer Matched Deferrals under this Plan in whole
percentages up to six percent (6%) of that portion of his or her Excess Compensation that does not exceed an amount equal to $500,000 less the then applicable Compensation Limit. 

(b) Unmatched Deferrals. An Eligible Employee may elect to defer Unmatched Deferrals under this Plan in whole percentages up to:
(i) fifty percent (50%) of that portion of his or her Excess Compensation referred to in Section 4.1(a), which deferrals are reduced by the amount of his or her Matched Deferrals and (ii) ninety percent (90%) of that portion
of his or her Compensation that exceeds $500,000. 
 (c) Deferral Procedures for Participant Deferrals. Except as provided in
Section 4.1(d), all Participant elective deferral elections under this Article IV must be made at such time and in such manner, and shall become irrevocable, as specified by the Administrative Committee prior to the beginning of each Plan Year
in which such Excess Compensation is otherwise earned. For this purpose, Excess Compensation is considered earned in the Plan Year in which the service period relating to the applicable Compensation commences. Once a Matched Deferral or an Unmatched
Deferral election is made (or deemed to be made) for a Plan Year, it shall remain in effect for all future Excess Compensation otherwise payable in all future pay periods that otherwise begin during that Plan Year. In accordance with procedures
established by the Administrative Committee, elections under Section 4.1(a) and Section 4.1(b) may apply to Excess Compensation earned in any subsequent Plan Year(s) after the Plan Year in which such election is made. Participant Matched
Deferrals and Unmatched Deferrals shall be credited to the Participant’s Supplemental Savings Account at such times and in such manner as determined by the Administrative Committee, in its sole discretion. 

  
 - 6 - 

 (d) Deferral Procedures for Newly Eligible Employees. The following procedures apply for
deferral elections with respect to newly Eligible Employees: 
  

	 	(i)	In the case of an Employee who first becomes eligible to participate in the Plan during a Plan Year (and is not eligible for any other plan with which this Plan is aggregated for purposes of Code Section 409A),
deferral elections under this Article IV for such Plan Year must be made no later than a date within 30 days of the date the Employee first becomes eligible to participate in the Plan, and shall apply only to amounts paid for services to be
performed after the effective date of such election (including a pro-rated bonus amount as allowed under Code Section 409A). 

  

	 	(ii)	If an Eligible Employee was previously eligible to participate in this Plan or any other nonqualified deferred compensation plan with which this Plan is aggregated for purposes of Code Section 409A, and as of the
Employee’s subsequent eligibility date, the Employee was not eligible to participate in this Plan or any other nonqualified deferred compensation plan with which this Plan is aggregated for purposes of Code Section 409A for at least 24
months preceding the Employee’s subsequent eligibility date, then (in accordance with Code Section 409A and the applicable guidance thereunder) a deferral election under this Article IV may be made no later than a date within 30 days of
the effective date of the Employee’s subsequent eligibility. 

  

	 	(iii)	If an Eligible Employee was previously eligible to participate in this Plan or any other nonqualified deferred compensation plan with which this Plan is aggregated for purposes of Section 409A, and the Employee has
been paid all amounts deferred under this Plan (and such aggregated plans), and on and before the date of the last payment was not eligible to continue (or to elect to continue) to participate in this Plan (or any such aggregated plans), the
Participant may be treated as initially eligible to participate in the Plan as of the first date following such payment that the Participant becomes eligible to participate in the Plan (in accordance with Code Section 409A and the applicable
guidance thereunder). A deferral election under this Article IV may be made no later than a date within 30 days of the effective date of the Employee’s subsequent eligibility. 

 

	 	(iv)	If an Eligible Employee chooses not to submit an initial deferral election within the applicable 30-day period under this Section 4.1(d) or such an Eligible Employee is not permitted to make such an election, the
Eligible Employee may submit a deferral election during the next following annual deferral election period (in accordance with Section 4.1(c)) for the applicable subsequent Plan Year(s). 

(e) Payroll Periods Subject to Deferral Elections. If a Company’s normal payroll practice is such that the last payroll beginning
in a Plan Year covers services performed at the end of that Plan Year and into the beginning of the next Plan Year, then any Participant deferral elections made under Section 4.1(a), Section 4.1(b), and Section 4.1(f) for a Plan Year
will apply to all payroll periods ending in that Plan Year. 

  
 - 7 - 

 (f) Deferral of Special Compensation Payments. To the extent permitted in accordance with
written procedures established by the Administrative Committee, which shall be written in accordance with the requirements of Code Section 409A, an Eligible Employee may elect to defer amounts attributable to additional items of Compensation
not otherwise subject to Section 4.1(a) or Section 4.1(b) and without regard to whether such Compensation is Excess Compensation. Amounts deferred under this Section 4.1(f) must be made at the time(s) otherwise permitted for deferrals
under this Article IV and will not be eligible for Company Matching Deferrals and shall be treated hereunder as Unmatched Deferrals. Participant deferrals under this Section 4.1(f) shall be credited to a Participant’s Supplemental Savings
Account at such times and in such manner as determined by the Administrative Committee, in its sole discretion. 
 4.2 Crediting of
Company Deferrals. The Company shall credit each Participant’s Supplemental Savings Account with the additional deferrals described in this Section 4.2. 

(a) Company Matching Deferrals. Any Participant who has elected to make a deferral under Section 4.1(a) for a Plan Year will be
credited with a Company Matching Deferral equivalent to the rate of matching contributions under the Qualified Plan in effect (without retroactive application) on the January 1 of Plan Year with respect to which the Matched Deferral is
credited. Such Company Matching Deferrals shall be credited to the Participant’s Supplemental Savings Account at such times and in such manner as the Administrative Committee, in its sole discretion determines. 

(b) Company Discretionary Deferrals. The Company may, in its sole discretion, provide for additional credits to all or some
Participants’ Supplemental Savings Accounts at any time. Such amounts shall be distributed in the form of distribution otherwise in effect for each affected Participant with respect to any deferrals made for the Plan Year under
Section 4.4. In the absence of any deferrals for such Plan Year for a Participant, the additional credits shall be paid in the form of a single sum payment. 

4.3 Cancellation of Deferral Election. 

(a) Hardship Distribution Under the Plan. Upon a distribution under Section 6.3 due to an unforeseeable emergency, the
Participant’s deferral election(s) made pursuant to Section 4.1 shall be cancelled effective as of the payroll period following the distribution under Section 6.3(d). Such cancellation shall be effective for the remainder of the Plan
Year and any subsequent deferral election by the Participant must be submitted in accordance with Section 4.1. 
 (b) Hardship
Distribution Under Qualified Plan. Upon a hardship distribution pursuant to Treasury Regulation § 1.401(k)-1(d)(3) under the Qualified Plan or under any other qualified plan maintained by the Company or any of its Affiliates, the
Participant’s deferral election(s) made pursuant to Section 4.1 shall be cancelled for the Plan Year in which the hardship distribution occurred and any subsequent deferral election by the Participant must be submitted in accordance with
Section 4.1 but will not be effective for such subsequent Plan Year until such time as the Code Section 401(k) required cancellation period for deferrals has ended. 

  
 - 8 - 

 4.4 Form of Payment of Deferred Amounts. At the same time as the election made pursuant to
Section 4.1, and subject to the death benefit provisions of Section 6, each Participant must also elect the manner in which his or her deferred amounts for each Plan Year will be paid. 

(a) Normal Form of Distribution - Single Sum Payments. Except as provided in Section 4.4(b), all deferred amounts for each Plan
Year that are otherwise payable to a Participant hereunder shall be paid in the form of a single sum payment. 
 (b) Optional Form of
Distribution. In lieu of a single sum payment, a Participant may elect to have all deferred amounts for each Plan Year that are otherwise payable to a Participant hereunder paid in the form of (i) effective for elections that have become
irrevocable prior to December 1, 2013, one hundred twenty (120) monthly installment payments, and (ii) effective for elections that have become irrevocable on or after December 1, 2013, ten (10) annual installment payments.
Unless specifically elected otherwise for a Plan Year, payments of all deferred amounts will be made in a single sum payment. 
 (c)
Mandatory Distribution – Single Sum Payments. Notwithstanding any other provision of this Section 4.4, if the value of the Participant’s Supplemental Savings Account is less than $100,000 as of the Valuation Date following the
Participant’s Separation From Service, payment of all amounts payable to the Participant hereunder shall be made in a single sum payment. 

4.5 Vesting. Participants shall become vested in the deferrals credited to their Supplemental Savings Accounts in accordance with this
Section 4.5. 
 (a) A Participant shall be vested at all times in his or her Matched Deferrals under Section 4.1(a), Unmatched
Deferrals under Section 4.1(b), and deferrals of special Compensation payments under Section 4.1(f). 
 (b) A Participant shall
become vested in Company Matching Deferrals after completing “Periods of Service” of at least two years or two “Years of Service” (as defined under the Qualified Plan); provided, however, that Company Matching Deferrals credited
to a Participant’s Supplemental Savings Account shall immediately vest upon the occurrence of: (i) the Participant’s death; (ii) the Participant’s Disability; (iii) the date the Participant attains age 65; or
(iv) a Change in Control. 
 (c) Subject to approval of the Benefits Officer, special vesting provisions under the terms of a severance
plan or program under which a Participant qualifies may apply to vesting of the Participant’s Company Matching Deferrals and any earnings or losses attributable thereto. 

  
 - 9 - 

 (d) A Participant shall become vested in Company Discretionary Deferrals pursuant to the vesting
schedule established by the Company at the time such amounts are credited to his or her Supplemental Savings Account; provided, however, that, notwithstanding the provisions of any such vesting schedule, amounts credited to a Participant’s
Supplemental Savings Account shall immediately vest upon the occurrence of a Change in Control. 
 (e) Subject to subsections (a),
(b) and (c) herein, a forfeiture of a Participant’s unvested Company Matching Contributions and unvested Company Discretionary Deferrals shall occur on the date distributions are made or commence to be paid on account of the
Participant’s Separation From Service if he or she is not otherwise vested in any such amounts credited to his or her Supplemental Savings Account. In addition, a Participant who is re-employed by an Employing Company shall not be entitled to
restore to his or her Supplemental Savings Account any amounts previously forfeited under the Plan or otherwise distributed or scheduled to be distributed from the Plan. 

ARTICLE V. SUPPLEMENTAL SAVINGS ACCOUNTS 

5.1 Supplemental Savings Account. 

(a) A Supplemental Savings Account shall be established for each Participant who is credited with deferred amounts under Article IV. A
Participant’s or an Inactive Participant’s Supplemental Savings Account shall consist of all such deferred amounts, increased or decreased by any gains or losses thereon. 

(b) The Company (either directly or indirectly through a third-party recordkeeper or a combination thereof) shall maintain the records of
Supplemental Savings Accounts for all Participants and Inactive Participants. 
 (c) All payments made under the Plan shall be made directly
by the Company from its general assets subject to the claims of any creditors and no deferred compensation under the Plan shall be segregated or earmarked or held in trust. The Plan is an unfunded and unsecured contractual obligation of the Company.
Participants, Inactive Participants, and Beneficiaries shall be unsecured creditors of the Company with respect to all obligations owed to them under the Plan. Participants, Inactive Participants, and Beneficiaries shall not have any interest in any
fund or specific asset of the Company by reason of any amount credited to a Supplemental Savings Account, nor shall any such person have any right to receive any distribution under the Plan except as explicitly stated herein. The Company shall not
designate any funds or assets to specifically provide for the distribution of the value of a Supplemental Savings Account or issue any notes or security for the payment thereof. Any asset or reserve that the Company may purchase or establish shall
not serve as security to Participants, Inactive Participants, and Beneficiaries for the performance of the Company under the Plan. 
 5.2
Hypothetical Investment. 
 (a) For crediting rate purposes, amounts credited to a Participant’s or an Inactive
Participant’s Supplemental Savings Account shall be deemed to be invested according to his or 

  
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her Investment Direction in one or more of all of the similarly named funds offered under the Qualified Plan trust agreement; provided, however, that any brokerage investment alternative
available under such master trust, if any, shall not be an available investment alternative under this Plan. For any period, the deemed return on each of these Investment Funds shall be the same as the return for such period on each similarly named
fund offered under the Qualified Plan trust agreement. 
 (b) Notwithstanding anything to the contrary herein, the Company, by action of the
Investment Committee or the Board, may add to, decrease or change the Investment Funds offered under the Plan, at any time and for any reason. Participants, Inactive Participants, and Beneficiaries shall not have the right to continue any particular
Investment Fund option. 
 (c) The Company shall be under no obligation to invest amounts corresponding to any Investment Direction chosen
by Participants or Inactive Participants. Any such allocation to any Supplemental Savings Account shall be made solely for the purpose of determining the value of such account under the Plan. 

5.3 Investment Direction. Deferrals shall be credited to the Investment Funds in accordance with a Participant’s or an Inactive
Participant’s Investment Directions. A Participant or an Inactive Participant shall direct that his or her deferrals be applied, in multiples of one percent, to deemed investments in any or all of the Investment Funds. 

5.4 Changes in Investment Direction. A Participant or an Inactive Participant may change an Investment Direction once each calendar
month with respect to existing Supplemental Savings Account balances; provided, however, that one additional Investment Direction may be made in each calendar month in which any Investment Fund is made available, or ceases to be available with
respect to each of new deferrals and previous deferrals and any earnings thereon. A Participant may make Investment Directions with respect to future deferrals as frequently as permitted pursuant to administrative rules adopted by the Administrative
Committee. 
 5.5 Manner of Hypothetical Investment. 

(a) For purposes of the hypothetical investment under Section 5.2, deferred compensation shall be considered to be invested on the date
the recordkeeper of the Plan records the deferral amount. 
 (b) As of each Valuation Date, the recordkeeper of the Plan shall determine the
value of each Participant’s, Inactive Participant’s, or Beneficiary’s Supplemental Savings Account. 
 5.6 Participant
Assumes Risk of Loss. Each Participant, Inactive Participant, and Beneficiary assumes the risk in connection with any decrease in value of his or her Supplemental Savings Account deemed invested in the Investment Funds. 

5.7 Statement of Account. A statement of account shall be made available through the recordkeeper’s website and may be viewed and
printed by a Participant or an Inactive Participant at any time. Upon request, as soon as reasonably practicable after the end of each calendar quarter, a statement of account shall be sent to each Participant and Inactive Participant with respect
to the value of his or her Supplemental Savings Account as of the end of such quarter. 

  
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 ARTICLE VI. PAYMENT OF DEFERRED AMOUNTS 

6.1 Payment of Deferred Amounts. 

(a) Payment of a Participant’s Supplemental Savings Account, including accumulated hypothetical earnings (or losses), shall be paid (or,
in the case of installment distributions, commence to be paid) on the fifteenth day of the calendar month following six months after the Participant’s Separation From Service (or as soon as administratively practicable thereafter), and any
subsequent monthly installment payments shall be paid on the fifteenth day of each subsequent month thereafter (or as soon as administratively practicable thereafter), and any subsequent annual installment payments shall be paid on the annual
anniversary of the fifteenth day of the calendar month following six months after the Participant’s Separation From Service (or as soon as administratively practicable thereafter). Subject to Section 4.4(c), the payment(s) shall be made in
the manner otherwise elected by the Participant under Section 4.4. 
 (b) The amount of any single sum payment shall equal the
Participant’s distributable Supplemental Savings Account, determined as of the Valuation Date immediately preceding the payment date. 

(c) The amount of any installment payment shall equal the Participant’s distributable Supplemental Savings Account, determined as of the
Valuation Date immediately preceding the payment date multiplied by a fraction, the numerator of which is one and the denominator of which is the number of installment payments remaining to be paid. 

6.2 Payment to Beneficiary or Estate in the Event of Death. Notwithstanding the provisions for payment described in Section 6.1
above, if a Participant or an Inactive Participant dies before payment of his or her Supplemental Savings Account under the Plan or after commencement of installment payments and prior to the payment of all amounts credited to his or her
Supplemental Savings Account, the value of such Participant’s or Inactive Participant’s Supplemental Savings Account shall be determined as of the Valuation Date coincident with or immediately prior to the date that the Administrative
Committee commences the processing of the distribution, after both a written notice of his or her death and a death certificate have been received by the Administrative Committee. In all events, such account shall be distributed in a single sum
payment as soon as practicable to the Participant’s or Inactive Participant’s Beneficiary (or, if no person has been designated or if no person so designated survives the Participant or Inactive Participant, to such Participant’s or
Inactive Participant’s estate or if such Beneficiary survives the Participant or Inactive Participant, but dies prior to payment, to such Beneficiary’s estate) prior to the end of the Plan Year of the Participant’s or Inactive
Participant’s death (or within 90 days after the date of death, if later, provided, however, that the Beneficiary (or estate) shall have no right to designate the taxable year of payment). In case any Participant or Inactive Participant and his
or her Beneficiary die in or as a result of a common accident or disaster and under such circumstances as to make it impossible to determine which of them was the last to die, the Participant or Inactive

  
 - 12 - 

 
Participant shall be deemed to have survived his or her Beneficiary. Distributions hereunder shall be subject to such administrative and procedural requirements and forms as the Administrative
Committee in its discretion may require. 
 6.3 Unforeseeable Emergency. At any time before the time an amount is otherwise payable
hereunder, a Participant (or the Participant’s Beneficiary) may request, pursuant to such procedures prescribed by the Administrative Committee in its sole discretion, a single sum payment of all or a portion of the amounts credited to his or
her Supplemental Savings Account due to the Participant’s (or the Beneficiary’s) severe financial hardship, subject to the following requirements as provided for in this Section 6.3. 

(a) Such distribution shall be made, in the sole discretion of the Administrative Committee, in the case of an unforeseeable emergency, which
shall be limited to a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant’s spouse, the Participant’s Beneficiary, or of a Participant’s dependent (as defined in Code
Section 152, without regard to Code Sections 152(b)(1), (b)(2), and (d)(1)(B)), loss of the Participant’s property due to casualty (including the need to rebuild a home following damage to a home not otherwise covered by insurance, for
example, as a result of a natural disaster); or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. Examples of events that may constitute an unforeseeable emergency
include the imminent foreclosure of or eviction from the Participant’s primary residence; the need to pay for medical expenses, including non-refundable deductibles, as well as for the costs of prescription drug medication; and the need to pay
for the funeral expenses of the Participant’s spouse, the Participant’s Beneficiary, or the Participant’s dependent (as defined in Code Section 152, without regard to Code Sections 152(b)(1), (b)(2), and (d)(1)(B)). 

(b) Whether a Participant is faced with an unforeseeable emergency will be determined based on the relevant facts and circumstances of each
case, but, in any case, a distribution on account of an unforeseeable emergency may not be made to the extent that such emergency is or may be relieved: 
  

	 	(i)	through reimbursement or compensation by insurance or otherwise, 

  

	 	(ii)	by liquidation of the individual’s assets, to the extent the liquidation of such assets would not itself cause severe financial hardship, or 

 

	 	(iii)	by cessation of deferrals under the Plan. 

 Examples of circumstances that are not considered to be
unforeseeable emergencies include the need to send an individual’s child to college or the desire to purchase a home. 
 (c) In all
events, the amount available for distribution on account of an unforeseeable emergency pursuant to this Section 6.3 shall be limited to the amount reasonably necessary to satisfy the emergency need (which may include amounts necessary to pay
any federal, state, local, or foreign income taxes or penalties reasonably anticipated to result from the distribution), 

  
 - 13 - 

 
and shall be determined in accordance with Code Section 409A and the regulations thereunder. The Administrative Committee may require such evidence of the individual’s severe financial
hardship as it deems appropriate. The Administrative Committee shall consider any requests for payment under this Section 6.3 in accordance with the standards of interpretation described in Code Section 409A and the regulations and other
guidance thereunder. 
 (d) All distributions under this Section 6.3 shall be made from the Participant’s Supplemental Savings
Account as soon as practicable after the Administrative Committee has approved the distribution and the amounts credited to the Participant’s Supplemental Savings Account shall be reduced on a pro rata basis among his or her elected Investment
Options to reflect the accelerated distribution. 
 6.4 Incapacity. The Administrative Committee may direct that any amounts
distributable under the Plan to a person under a legal disability be made to (and be withheld until the appointment of) a representative qualified pursuant to law to receive such payment on such person’s behalf. 

6.5 Rehire of Inactive Participant. Upon a Separation from Service, a Participant’s existing deferral election shall become null
and void. If an Inactive Participant returns to work with the Company or an Affiliate, distribution of his or her remaining Supplemental Savings Account with respect to amounts deferred prior to the date of the Separation From Service shall continue
to be made as if the Inactive Participant has not returned to work. The Participant shall only be eligible to defer future amounts hereunder in accordance with a new deferral election under Article IV. 

ARTICLE VII. ADMINISTRATION 

7.1 The Administrative Committee. 

(a) Appointment of Administrative Committee. The Administrative Committee shall be a committee of not less than three individuals
designated by the Benefits Officer who shall be responsible for administering the Plan. The Benefits Officer may not serve on the Administrative Committee. No member of the Administrative Committee shall receive any compensation for his or her
services as such. Participants may be members of the Administrative Committee but may not participate in any decision affecting their own account in any case where the Administrative Committee may take discretionary action in the administration of
the Plan. 
 (b) Quorum and Actions of Administrative Committee. A majority of the members of the Administrative Committee shall
constitute a quorum for the transaction of business. All resolutions or other action taken by the Administrative Committee shall be by a vote of a majority of its members present at any meeting or, without a meeting, by instrument in writing signed
by all its members. Members of the Administrative Committee may participate in a meeting of such Administrative Committee by means of a conference telephone or similar communications equipment that enables all persons participating in the meeting to
hear each other, and such participation in a meeting shall constitute presence in person at the meeting. 

  
 - 14 - 

 (c) Responsibilities. The Administrative Committee shall be the administrator of the Plan
and shall have all powers necessary to administer the Plan except to the extent that any such powers are vested in any other individual or committee are duly authorized under the Plan. The Administrative Committee may from time to time establish
rules for the administration of the Plan. The Administrative Committee shall have exclusive authority and sole and absolute discretion to interpret the Plan, to determine eligibility for benefits and the amount of benefit payments and to make any
factual determinations, resolve factual disputes and decide all matters arising in connection with the interpretation, administration and operation of the Plan or with the determination of eligibility for benefits or the amount of benefit payments.
All its rules, interpretations and decisions shall be conclusive and binding on the Company and on Participants, Inactive Participants and their Beneficiaries to the extent permitted by law. 

(d) Delegation by Administrative Committee. The Administrative Committee may delegate any of its powers or duties to others as it shall
determine (including a Claims Administrator) and may retain counsel, agents and such clerical, accounting, actuarial, recordkeeping or other services as it may require in carrying out the provisions of the Plan. 

(e) Committee Records. The Administrative Committee shall keep a record of all Plan proceedings and of all payments directed by it to
be made to or on behalf of Participants, Inactive Participants, or Beneficiaries or payments made by it for expenses or otherwise. 
 7.2
Investment Committee. 
 (a) Appointment. The Investment Committee shall be a committee of not less than three individuals
designated by the Benefits Officer who shall take all prudent action necessary or desirable for the purpose of carrying out the overall investment policy for the Plan (with respect to Investment Funds made available as targeted hypothetical
investments). The Benefits Officer may not serve on the Investment Committee. 
 (b) Quorum and Actions of Investment Committee. A
majority of the members of the Investment Committee at the time in office shall constitute a quorum for the transaction of business. All resolutions or other action taken by the Investment Committee shall be by vote of a majority of its members
present at any meeting or, without a meeting, by instrument in writing signed by all its members. Members of the Investment Committee may participate in a meeting of such Investment Committee by means of a conference telephone or similar
communications equipment that enables all persons participating in the meeting to hear each other, and such participation in a meeting shall constitute presence in person at the meeting. 

(c) Investment Committee Chair; Delegation by Investment Committee. The members of the Investment Committee shall designate one of
their number as chair and may designate a secretary who may, but need not, be one of their number. The Investment Committee may delegate any of its powers or duties among its members or to others as it shall determine. It may authorize one or more
of its members to execute or deliver any instrument or to make any payment in its behalf. It may employ such counsel, agents and clerical, accounting, actuarial and recordkeeping services as it may require in carrying out the provisions of the Plan.

  
 - 15 - 

 7.3 Benefits Officer. 

(a) Responsibilities. The Benefits Officer shall be responsible for effecting settlor and ministerial functions on behalf of the
Company as provided for in the Plan, including, without limitation, amending and modifying the terms of the Plan and performing ministerial functions with respect to the Plan. 

(b) Delegation of Duties. The Benefits Officer may authorize others to execute or deliver any instrument or to make any payment in his
or her behalf and may delegate any of his or her powers or duties to others as he or she shall determine. The Benefits Officer may retain such counsel, agents and clerical, medical, accounting and actuarial services as they may require in carrying
out his or her functions. 
 7.4 Indemnification. The Company shall, to the fullest extent permitted by law, indemnify each director,
officer or employee of the Company or any Affiliate (including the heirs, executors, administrators and other personal representatives of such person) and each member of the Administrative Committee, Investment Committee and Benefits Officer against
expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement, actually and reasonably incurred by such person in connection with any threatened, pending or actual suit, action or proceeding (whether civil, criminal,
administrative or investigative in nature or otherwise) in which such person may be involved by reason of the fact that he or she is or was serving any employee benefit plans of the Company or any Affiliate in any capacity at the request of such
company. 
 7.5 Expenses of Administration. Any expense incurred by the Company, the Administrative Committee, the Investment
Committee or the Benefits Officer relative to the administration of the Plan shall be paid by the Company and any of its participating Affiliates in such proportions as the Company may direct. 

7.6 Reliance on Information. The Administrative Committee, Investment Committee, and Benefits Officer may rely conclusively upon all
tables, valuations, certificates, opinions and reports furnished by any actuary, accountant, controller, counsel or other person who is employed or engaged for any purpose in connection with the administration of the Plan. 

7.7 No Liability for Acts of Others. Neither the Administrative Committee, Investment Committee, or Benefits Officer nor any member of
the Board or the board of directors (or governing body) of an Affiliate and no employee of the Company or any Affiliate shall be liable for any act or action hereunder, whether of omission or commission, by any other member or employee or by any
agent to whom duties in connection with the administration of the Plan have been delegated or for anything done or omitted to be done in connection with the Plan. 

ARTICLE VIII. CLAIMS REVIEW PROCEDURE 

8.1 Participant or Beneficiary Request for Claim. Any request for a benefit payable under the Plan shall be made in writing by a
Participant, Inactive Participant or Beneficiary (or an authorized representative of any of them), as the case may be, and shall be paid in accordance with the otherwise applicable Plan terms. 

  
 - 16 - 

 8.2 Insufficiency of Information. In the event a request for a benefit that is not
otherwise paid contains insufficient information otherwise required by the Plan, the Claims Administrator shall, within a reasonable period after receipt of such request, send a written notification to the claimant setting forth a description of any
additional material or information necessary for the claimant to perfect the claim and an explanation of why such material is necessary. The claimant’s request shall be deemed filed with the Claims Administrator on the date the Claims
Administrator or Administrative Committee receives in writing such additional information. 
 8.3 Request Notification. The Claims
Administrator shall make a determination with respect to a request for benefits that was previously denied within ninety (90) days after such request is filed (or within such extended period prescribed below). The Claims Administrator shall
notify the claimant whether his or her claim has been granted or whether it has been denied in whole or in part. Such notification shall be in writing and shall be delivered, by mail or otherwise, to the claimant within the time period described
above. If the claim is denied in whole or in part, the written notification shall set forth, in a manner calculated to be understood by the claimant: 
  

	 	(i)	The specific reason or reasons for the denial; 

  

	 	(ii)	Specific reference to pertinent provisions of the Plan on which the denial is based; and 

  

	 	(iii)	An explanation of the Plan’s claim review procedure. 

 Failure by the Claims Administrator
to give notification pursuant to this Section within the time prescribed shall be deemed a denial of the request for the purpose of proceeding to the review stage. 

8.4 Extensions. If special circumstances require an extension of time for processing the claim, the Claims Administrator shall furnish
the claimant with written notice of such extension. Such notice shall be furnished prior to the termination of the initial ninety (90)-day period and shall set forth the special circumstances requiring the extension and the date by which the Claims
Administrator expects to render its decision. In no event shall such extension exceed a period of ninety (90) days from the end of such initial ninety (90)-day period. 

8.5 Claim Review. A claimant whose request for benefits has been denied by the Claims Administrator in whole or in part, or his or her
duly authorized representative, may, within sixty (60) days after written notification of such denial, file with a reviewer appointed for such purpose by the Administrative Committee (or, if none has been appointed, with the Administrative
Committee itself), with a copy to the Administrative Committee, a written request for a review of his or her claim. Such written request shall be deemed filed upon receipt of same by the reviewer. 

  
 - 17 - 

 8.6 Time Limitation on Review. A claimant who timely files a request for review of his or
her claim for benefits, or his or her duly authorized representative, may review pertinent documents (upon reasonable notice to the reviewer) and may submit the issues and his or her comments to the reviewer in writing. The reviewer shall, within
sixty (60) days after receipt of the written request for review (or within such extended period prescribed below), communicate its decision in writing to the claimant and/or his or her duly authorized representative setting forth, in a manner
calculated to be understood by the claimant, the specific reasons for its decision and the pertinent provisions of the Plan on which the decision is based. If the decision is not communicated within the time prescribed, the claim shall be deemed
denied on review. 
 8.7 Special Circumstances. If special circumstances require an extension of time beyond the sixty (60)-day
period described above for the reviewer to render his or her decision, the reviewer shall furnish the claimant with written notice of the extension required. Such notice shall be furnished prior to the termination of the initial sixty (60)-day
period and shall set forth the special circumstances requiring the extension period. In no event shall such extension exceed a period of sixty (60) days from the end of such initial sixty (60)-day period. 

8.8 Legal Actions. In the event a claimant’s request for benefits is denied (or deemed denied) under Section 8.6, such
claimant may bring legal action. Evidence presented in such action shall be limited to the administrative record reviewed by the Claims Administrator and Administrative Committee in connection with its determination of the
claimant’s request under this Article VIII. The administrative record shall include evidence timely presented to the Claims Administrator and Administrative Committee by the claimant, or his duly authorized representative, pursuant to this
Article VIII. No legal action at law or equity to recover benefits under the Plan may be filed unless the claimant has complied with and exhausted the administrative procedures under this Article VIII, nor may such legal action be filed more than
six (6) months after the date on which the claim is denied (or deemed denied) under Section 8.6. 
 ARTICLE IX. AMENDMENT AND
TERMINATION 
 9.1 Amendments. The Company (by action of the Board) or the Benefits Officer (for the Company and the other
Employing Companies) may at any time amend the Plan. 
 9.2 Termination or Suspension. The continuance of the Plan and the ability of
an Eligible Employee to make a deferral for any Plan Year are not assumed as contractual obligations of the Company or any other Employing Company. The Company reserves the right (for itself and the other Employing Companies) by action of the Board
or the Benefits Officer, to terminate or suspend the Plan, or to terminate or suspend the Plan with respect to itself or an Employing Company, to the extent permitted without adverse tax consequences under Treas. Reg. § 1.409A-3(j)(4)(ix) and
such other applicable guidance under Code Section 409A. Any Employing Company may terminate or suspend the Plan with respect to itself (in a manner consistent with the requirements of Code Section 409A necessary to avoid adverse tax
consequences) by executing and delivering to the Company or the Benefits Officer such documents as the Company or Benefits Officer shall deem necessary or desirable. 

  
 - 18 - 

 9.3 Participants’ Rights to Payment. No termination of the Plan or amendment thereto
shall deprive a Participant, Inactive Participant or Beneficiary of the right to payment of amounts credited to his or her Supplemental Savings Account as of the date of termination or amendment, in accordance with the terms of the Plan as of the
date of such termination or amendment; provided, however, that in the event of termination of the Plan, or termination of the Plan with respect to the Company or one or more other Employing Companies, the Benefits Officer may, in such officer’s
sole and absolute discretion, accelerate the payment of all such credited deferred compensation on a uniform basis for all Participants and Inactive Participants or, in the case of termination of the Plan with respect to one or more other Employing
Companies, for all Participants and Inactive Participants of such other Employing Companies only, to the extent permitted under Treas. Reg. § 1.409A-3(j)(4)(ix) to avoid adverse tax consequences. 

ARTICLE X. PARTICIPATING COMPANIES 

10.1 Adoption by Other Entities. Upon the approval of the Company or the Benefits Officer, the Plan may be adopted by any Affiliate by
executing and delivering to the Company or the Benefits Officer such documents as the Company or Benefits Officer shall deem necessary or desirable. The provisions of the Plan shall be fully applicable to such entity except as may otherwise be
agreed to by such adopting company and the Company or Benefits Officer. 
 ARTICLE XI. GENERAL PROVISIONS 

11.1 Participants’ Rights Unsecured. The right of any Participant or Inactive Participant to receive future payments under the
provisions of the Plan shall be a general unsecured claim against the general assets of the Employing Company employing the Participant at the time that his or her compensation is deferred. The Company, and any other Employing Company or former
Employing Company shall not guarantee or be liable for payment of benefits to the employees of any other Employing Company or former Employing Company under the Plan. 

11.2 Non-Assignability. The right of any person to receive any benefit payable under the Plan shall not be subject in any manner to
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, lien or charge, and any such benefit shall not, except to such extent as may be required by law, in any manner be liable for or subject to the debts, contracts, liabilities,
engagements or torts of the person who shall be entitled to such benefits, nor shall it be subject to attachment or legal process for or against such person. 

11.3 No Rights Against the Company. The establishment of the Plan, any amendment or other modification thereof, or any payments
hereunder, shall not be construed as giving to any Employee, Participant, Inactive Participant or Beneficiary any legal or equitable rights against the Company its shareholders, directors, officers or other employees, except as may be contemplated
by or under the Plan including, without limitation, the right of any Participant, Inactive Participant or Beneficiary to be paid as provided under the Plan. Participation in the Plan does not give rise to any actual or implied contract of
employment. A Participant, Inactive Participant or Beneficiary may be terminated at any time for any reason in accordance with the procedures of the Company. 

  
 - 19 - 

 11.4 Withholding. The Employing Company or former Employing Company or paying agent shall
withhold any federal, state, local or foreign income or employment tax (including F.I.C.A. obligations for both social security and Medicare) which by any present or future law it is, or may be, required to withhold with respect to any payment
pursuant to the Plan, with respect to any of its former or present Employees. In addition, a Participant or Beneficiary may request an acceleration of a payment from the Plan to reflect payment of state, local, or foreign tax obligations arising
from participation in the Plan and that applies to an amount deferred under the Plan before the amount is paid or made available to the Participant or Beneficiary (the state, local, or foreign tax amount). This amount may include an amount necessary
to pay the income tax at source on wages imposed under Code Section 3401 or the corresponding withholding provisions of applicable federal, state, local, or foreign tax laws as a result of the payment of any such amounts, and to pay the
additional income tax at source on wages attributable to the pyramiding taxes attributable to such amounts. Such payment may not exceed the amount of such taxes due as a result of participation in the Plan, as permitted by Code Section 409A and
the regulations thereunder. Such payment may be made by distributions to the Participant or Beneficiary in the form of withholding by the Employing Company or former Employing Company pursuant to provisions of applicable state, local, or foreign law
or by distribution directly to the Participant. The Administrative Committee shall provide or direct the provision of information necessary or appropriate to enable such distributions to be made or to enable each such company to so withhold. 

11.5 No Guarantee of Tax Consequences. The Benefits Officer, the Investment Committee, the Administrative Committee, the Company and
any Employing Company or any former Employing Company do not make any commitment or guarantee that any amounts deferred for the benefit of a Participant, Inactive Participant or Beneficiary will be excludible from the gross income of the
Participant, Inactive Participant or Beneficiary in the year deferred or paid for federal, state, local or foreign income or employment tax purposes, or that any other federal, state, local or foreign tax treatment will apply to or be available to
any Participant, Inactive Participant or Beneficiary. It shall be the obligation of each Participant, Inactive Participant or Beneficiary to determine whether any deferral or payment under the Plan is excludible from his or her gross income for
federal, state, local or foreign income or employment tax purposes, and to take appropriate action if he or she has reason to believe that any such deferral or payment is not so excludible. 

11.6 Severability. If any particular provision of the Plan shall be found to be illegal or unenforceable for any reason, the illegality
or lack of enforceability of such provision shall not affect the remaining provisions of the Plan, and the Plan shall be construed and enforced as if the illegal or unenforceable provision had not been included. 

11.7 No Individual Liability. It is declared to be the express purpose and intention of the Plan that no liability whatsoever shall
attach to or be incurred by the shareholders, officers, or directors of the Board or the Benefits Officer, or any member of the Administrative Committee or the Investment Committee, under or by reason of any of the terms or conditions of the Plan.

  
 - 20 - 

 11.8 Applicable Law. This Plan shall be governed by and construed in accordance with the
laws of the State of New York except to the extent governed by applicable federal law (including the requirements of Code Section 409A). 

11.9 Compliance with Section 409A of the Code. This Plan is intended to comply with Section 409A of the Code and will be
interpreted in a manner intended to comply with Section 409A of the Code. In furtherance thereof, no payments may be accelerated under the Plan other than to the extent permitted under Section 409A of the Code. To the extent that any
provision of the Plan violates Section 409A of the Code such that amounts would be taxable to a Participant prior to payment or would otherwise subject a Participant to a penalty tax under Section 409A, such provision shall be
automatically reformed or stricken to preserve the intent hereof. Notwithstanding anything herein to the contrary, if any other payments due to a Participant hereunder could cause the application of an accelerated or additional tax under
Section 409A of the Code, such payments or other benefits shall be deferred if deferral will make such payment compliant under Section 409A of the Code, or otherwise such payment shall be restructured, to the extent possible, in a manner,
determined by the Benefits Officer or the Administrative Committee, that does not cause such an accelerated or additional tax. The Administrative Committee shall implement the provisions of this Section 11.9 in good faith; provided that none of
the Company, the Benefits Officer, the Administrative Committee, any Claims Administrator nor any of the Company’s or its subsidiaries’ employees or representatives shall have any liability to Participants with respect to this
Section 11.9. 

  
 - 21 -TIME INC. DEFERRED COMPENSATION PLAN

 Exhibit 10.18 

TIME INC. 
 DEFERRED
COMPENSATION PLAN 
 (Originally Effective November 18, 1998 and 

Restated Herein Effective as of January 1, 2014) 

 TABLE OF CONTENTS 

 

							
	 ARTICLE I ESTABLISHMENT OF THE PLAN
	  	 	1	  
			
	 1.1
	 	 Establishment of Plan
	  	 	1	  
			
	 1.2
	 	 Purpose of Plan
	  	 	1	  
			
	 1.3
	 	 Applicability of Plan
	  	 	1	  
		
	 ARTICLE II DEFINITIONS
	  	 	1	  
			
	 2.1
	 	 Administrative Committee
	  	 	1	  
			
	 2.2
	 	 Affiliate
	  	 	1	  
			
	 2.3
	 	 Beneficiary
	  	 	2	  
			
	 2.4
	 	 Benefits Officer
	  	 	2	  
			
	 2.5
	 	 Board
	  	 	2	  
			
	 2.6
	 	 Claims Administrator
	  	 	2	  
			
	 2.7
	 	 Code
	  	 	2	  
			
	 2.8
	 	 Company
	  	 	2	  
			
	 2.9
	 	 Compensation Limit
	  	 	2	  
			
	 2.10
	 	 Deferred Compensation Account
	  	 	2	  
			
	 2.11
	 	 Disability
	  	 	2	  
			
	 2.12
	 	 Eligible Employee
	  	 	2	  
			
	 2.13
	 	 Employee
	  	 	2	  
			
	 2.14
	 	 Employing Company
	  	 	2	  
			
	 2.15
	 	 ERISA
	  	 	3	  
			
	 2.16
	 	 Inactive Participant
	  	 	3	  
			
	 2.17
	 	 Investment Committee
	  	 	3	  
			
	 2.18
	 	 Investment Direction
	  	 	3	  
			
	 2.19
	 	 Investment Funds
	  	 	3	  

  
 i 

							
	 2.20
	 	 Participant
	  	 	3	  
			
	 2.21
	 	 Plan
	  	 	3	  
			
	 2.22
	 	 Separation From Service
	  	 	3	  
			
	 2.23
	 	 Time Warner Benefits Officer
	  	 	3	  
			
	 2.24
	 	 Valuation Date
	  	 	3	  
			
	 2.25
	 	 Year
	  	 	3	  
		
	 ARTICLE III PARTICIPANT DEFERRALS
	  	 	4	  
			
	 3.1
	 	 Eligibility
	  	 	4	  
			
	 3.2
	 	 Compensation Eligible for Deferral
	  	 	4	  
			
	 3.3
	 	 Deferral Elections
	  	 	5	  
			
	 3.4
	 	 Effective Date of Election
	  	 	6	  
			
	 3.5
	 	 Certain Incentive Plans
	  	 	6	  
			
	 3.6
	 	 Transfers
	  	 	6	  
		
	 ARTICLE IV DEFERRED COMPENSATION ACCOUNT
	  	 	7	  
			
	 4.1
	 	 Deferred Compensation Account
	  	 	7	  
			
	 4.2
	 	 Hypothetical Investment
	  	 	7	  
			
	 4.3
	 	 Investment Direction
	  	 	8	  
			
	 4.4
	 	 Changes in Investment Direction
	  	 	8	  
			
	 4.5
	 	 Manner of Hypothetical Investment
	  	 	8	  
			
	 4.6
	 	 Participant Assumes Risk of Loss
	  	 	8	  
			
	 4.7
	 	 Statement of Account
	  	 	8	  
		
	 ARTICLE V PAYMENT OF DEFERRED COMPENSATION ACCOUNT
	  	 	8	  
			
	 5.1
	 	 Payment on Account of Separation From Service for Reasons other than Death or Disability
	  	 	8	  
			
	 5.2
	 	 Payment on Account of Disability
	  	 	9	  
			
	 5.3
	 	 In-Service Payments; Re-deferral Elections
	  	 	9	  

  
 ii 

							
	 5.4
	 	 Payment to Beneficiary or Estate in the Event of Death
	  	 	10	  
			
	 5.5
	 	 Severe Unforeseeable Financial Emergency Payments
	  	 	10	  
			
	 5.6
	 	 Incapacity
	  	 	11	  
			
	 5.7
	 	 Method of Paying Installments
	  	 	11	  
			
	 5.8
	 	 Payments Only in Cash
	  	 	11	  
			
	 5.9
	 	 Rehire of Inactive Participant
	  	 	11	  
			
	 5.10
	 	 Election Changes Pursuant to Transition Relief Rules Under Code Section 409A
	  	 	11	  
		
	 ARTICLE VI ADMINISTRATION
	  	 	11	  
			
	 6.1
	 	 Administrative Committee
	  	 	11	  
			
	 6.2
	 	 Investment Committee
	  	 	12	  
			
	 6.3
	 	 Benefits Officer
	  	 	13	  
			
	 6.4
	 	 Indemnification
	  	 	13	  
			
	 6.5
	 	 Expenses of Administration
	  	 	13	  
			
	 6.6
	 	 Reliance on Information
	  	 	13	  
			
	 6.7
	 	 No Liability for Acts of Others
	  	 	13	  
		
	 ARTICLE VII CLAIMS PROCEDURE
	  	 	14	  
			
	 7.1
	 	 Participant or Beneficiary Request for Claim
	  	 	14	  
			
	 7.2
	 	 Insufficiency of Information
	  	 	14	  
			
	 7.3
	 	 Request Notification
	  	 	14	  
			
	 7.4
	 	 Extensions
	  	 	14	  
			
	 7.5
	 	 Claim Review
	  	 	15	  
			
	 7.6
	 	 Time Limitation on Review
	  	 	15	  
			
	 7.7
	 	 Special Circumstances
	  	 	15	  
		
	 ARTICLE VIII AMENDMENT AND TERMINATION
	  	 	15	  
			
	 8.1
	 	 Amendments
	  	 	15	  

  
 iii 

							
	 8.2
	 	 Termination or Suspension
	  	 	15	  
			
	 8.3
	 	 Participants’ Rights to Payment
	  	 	15	  
		
	 ARTICLE IX PARTICIPATING COMPANIES
	  	 	16	  
			
	 9.1
	 	 Adoption by Other Entities
	  	 	16	  
		
	 ARTICLE X GENERAL PROVISIONS
	  	 	16	  
			
	 10.1
	 	 Participants’ Rights Unsecured
	  	 	16	  
			
	 10.2
	 	 Non-Assignability
	  	 	16	  
			
	 10.3
	 	 Affiliate Ceasing to be Such
	  	 	16	  
			
	 10.4
	 	 No Rights Against the Company
	  	 	17	  
			
	 10.5
	 	 Withholding
	  	 	17	  
			
	 10.6
	 	 No Guarantee of Tax Consequences
	  	 	17	  
			
	 10.7
	 	 Severability
	  	 	17	  
			
	 10.8
	 	 Governing Law
	  	 	17	  
			
	 10.9
	 	 Compliance with Section 409A of the Code
	  	 	17	  

  
 iv 

 TIME INC. 

DEFERRED COMPENSATION PLAN 

(Originally Effective November 18, 1998 and 

Restated Herein as of January 1, 2014) 

ARTICLE I 

ESTABLISHMENT OF THE PLAN 

1.1 Establishment of Plan. Time Inc. hereby adopts this Plan, which shall be known as the Time Inc. Deferred Compensation Plan.
This Plan was previously incorporated as part of the Time Warner Inc. Deferred Compensation Plan prior to January 1, 2014 and is established as a separate plan as of January 1, 2014. No new deferral elections have been offered under the
Plan since December 31, 2010. 
 1.2 Purpose of Plan. The Plan is intended to be an unfunded, non-qualified deferred
compensation plan maintained to provide deferred compensation for a select group of management or highly compensated employees under Section 201(2) of the Employee Retirement Income Security Act of 1974, by providing Eligible Employees a means
of irrevocably deferring to a future Year the receipt of certain compensation from Employing Companies in excess of the Compensation Limit. 

1.3 Applicability of Plan. The provisions of the Plan as currently amended and restated are applicable only to amounts deferred
under the Plan on or after January 1, 2005 and prior to January 1, 2010. All amounts deferred under the Plan on or prior to December 31, 2004 shall remain subject to the terms of the Plan as in effect on October 3, 2004, except
that any such amount with respect to which there has been a material modification as determined under Section 885(d)(2) of the American Jobs Creation Act of 2004 and Treas. Reg. § 1.409A-6(a)(4) shall instead be subject to the provisions
of this January 1, 2005 restatement of the Plan. 
 ARTICLE II 

DEFINITIONS 
 Whenever
used in the Plan, the following terms shall have the respective meanings set forth below unless otherwise expressly provided, and when the defined meaning is intended, the term is capitalized. 

2.1 Administrative Committee. The Administrative Committee as provided for herein. 

2.2 Affiliate. An Employing Company and any entity affiliated with the Employing Company within the meaning of Code
Section 414(b), with respect to controlled groups of corporations, Section 414(c) with respect to trades or businesses under common control with the Employing Company, and Section 414(m) with respect to affiliated service groups, and
any other entity required to be aggregated with an Employing Company pursuant to regulations under Section 414(o) of the Code. 

  
 1 

 2.3 Beneficiary. The person or persons designated from time to time by a Participant
or Inactive Participant, by notice to the Administrative Committee, to receive any benefits payable under the Plan after his or her death, which designation has not been revoked by notice to the Administrative Committee at the date of the
Participant’s or Inactive Participant’s death. Such notice shall be in a form as required by the Administrative Committee or acceptable to such officer which is properly completed and delivered to the Administrative Committee or such
officer’s designee. Notice to the Administrative Committee shall be deemed to have been given when it is actually received by or on behalf of such committee. 

2.4 Benefits Officer. The senior officer of the Company who is responsible for the Company’s human resources function. 

2.5 Board. The Board of Directors of the Company or a committee thereof authorized to act in the name of the Board. 

2.6 Claims Administrator. A person or person(s) designated by the Administrative Committee to be responsible for ministerial
functions related to day-to-day administration of the Plan. If no Claims Administrator has been so designated, then the Administrative Committee shall be the Claims Administrator. 

2.7 Code. The Internal Revenue Code of 1986, as amended. 

2.8 Company. Time Inc. or any successor thereto. 

2.9 Compensation Limit. The compensation limit of Section 401(a)(17) of the Code, as adjusted under
Section 401(a)(17)(B) of the Code for increases in the cost of living. 
 2.10 Deferred Compensation Account. The separate
account established under Article V of the Plan for each Participant and Inactive Participant representing amounts deferred by a Participant pursuant to Article III. 

2.11 Disability. Permanent and total disability as determined by the Social Security Administration or any disability for which a
Participant is receiving monthly benefits under the provisions of the Time Inc. Long Term Disability Plan or, in the case of an employee covered by a long term disability plan of an Affiliate, under the provisions of such plan, whichever shall occur
first, to the extent that such definition also constitutes such Participant being considered “disabled” under Section 409A(a)(2)(C) of the Code. 

2.12 Eligible Employee. An individual who meets the eligibility requirements of Section 3.1. 

2.13 Employee. An individual employed by an Employing Company. 

2.14 Employing Company. The Company and each Affiliate who as of January 1, 2014 employs a Participant (or previously
employed an Inactive Participant) and has been authorized by the Benefits Officer to participate in the Plan. For periods prior to January 1, 2014, an Employing Company under the terms of the Time Warner Inc. Deferred Compensation Plan. 

  
 2 

 2.15 ERISA. The Employee Retirement Income Security Act of 1974, as amended. 

2.16 Inactive Participant. A Participant who has had a Separation From Service with the Company and any Affiliate on or after
January 1, 2014 and whose Deferred Compensation Account has not been fully distributed. Inactive Participants shall also mean those inactive participants of the Time Warner Inc. Deferred Compensation Plan whose post-409A deferred compensation
accounts in that plan were allocated to this Plan effective January 1, 2014 because of their former service with the Company or an Affiliate. 

2.17 Investment Committee. The Investment Committee as provided for herein. 

2.18 Investment Direction. A Participant’s or Inactive Participant’s direction to the recordkeeper of the Plan, in the
form and manner prescribed by the Administrative Committee, in accordance with directions made by telephone, through the intranet of the applicable Employing Company or through the Internet, directing which Investment Funds will be credited with his
or her deferrals and transfers of all or part of the deferred amounts and any earnings thereon from other Investment Funds and certain employment agreements, as provided for herein. 

2.19 Investment Funds. The hypothetical investment funds, as determined from time to time by the Board or the Investment
Committee. 
 2.20 Participant. Each Employee who participates in the Plan in accordance with the terms and conditions of the
Plan. 
 2.21 Plan. This Plan, the Time Inc. Deferred Compensation Plan, as set forth herein and as it may be amended from time
to time. 
 2.22 Separation From Service. The term used to indicate a termination of employment with an Employing Company that
also constitutes a “separation from service” under Section 409A(a)(2)(A)(i) of the Code; provided, however, that for purposes for determining the controlled group of entities comprising the Participant’s employer under Treas.
Reg. 1.409A-1(h)(3), the determination shall be made pursuant to the test for controlled groups under Section 414(b) and (c) of the Code, using a common control ownership threshold of “at least 80%” ownership, rather than
“at least 50%” ownership. 
 2.23 Time Warner Benefits Officer. The Benefits Officer or Assistant Benefits Officer of
Time Warner Inc. prior to January 1, 2014. 
 2.24 Valuation Date. With respect to the Investment Funds, each business day
when the New York Stock Exchange is open. 
 2.25 Year. A calendar year. 

  
 3 

 ARTICLE III 

PARTICIPANT DEFERRALS 

3.1 Eligibility. Eligibility is limited to those Employees who were Participants or Inactive Participants in the Plan on
December 31, 2010 and Employees of an Employing Company on January 1, 2014. In addition, a participant of the Time Warner Inc. Deferred Compensation Plan whose post-409A deferred compensation accounts in that plan are allocated to this
Plan while Time Warner Inc. is an Affiliate of the Company in connection with his or her becoming employed by the Company or an Affiliate shall become a Participant on the date such accounts are so allocated. Prior to December 31, 2010,
Employees were eligible to make deferral elections under the Plan if they were salaried officers or other key employees of an Employing Company who at the time of a deferral election pursuant to Section 3.3 below: 

(i) were on a regular periodic U.S. payroll of the Employing Company; and 

(ii) had a current base salary plus bonus in excess of, or projected to be in excess of, the Compensation Limit or were
otherwise designated as eligible by the Time Warner Benefits Officer. For purposes of this subsection 3.1(ii), “bonus” meant any annual bonus (paid or deferred) pursuant to a regular program (but excluding long-term cash incentive plan
payments other than those specified in Section 3.5 and commission, spot and similar bonuses) for the Year preceding the current Year, except that, in the case of a deferral election to be made by a newly hired Employee (which election shall be
made available at the sole discretion of the Employing Company), with respect to a bonus to be earned in (A) the current Year, “bonus” means the target or otherwise estimated bonus for that portion of the current Year after the date
of his or her hire, and (B) the Year following hire, “bonus” means the target or otherwise estimated bonus for the current Year. 

The Benefits Officer may, from time to time, modify the above eligibility requirements and make such additional or other requirements for
eligibility as such officer may determine. 
 3.2 Compensation Eligible for Deferral. 

(a) Prior to January 1, 2010, an Eligible Employee could have elected to defer receipt of all or a specified portion
of any bonus, but only to the extent the receipt thereof would have caused the Eligible Employee’s compensation to exceed the Compensation Limit. Each such deferral must have been expressed as a percentage, in 10% increments only, but in no
event could any election have resulted in a deferral of less than $5,000. The Eligible Employee could have elected to have the designated percentage apply only to that portion of the bonus in excess of a certain dollar amount that he or she
specified when making the election. For purposes of this Section 3.2, “bonus” meant any annual bonus earned by such Eligible Employee in respect of services performed in a Year payable pursuant to a regular program and signing bonuses
(but excluding long-term cash incentive plan payments other than those specified in Section 3.5 and commission, spot and similar 

  
 4 

 
bonuses) and which would otherwise be payable in cash to an Eligible Employee for services as an Employee. In lieu of designating a percentage, the Eligible Employee could have elected to have a
specific dollar amount of the bonus deferred or could have made such other deferral election as was approved from time to time by the Time Warner Benefits Officer. 

(b) Prior to January 1, 2010, an Eligible Employee whose compensation was payable under an employment agreement with
an Employing Company which provided for deferred compensation could have elected to defer such deferred compensation under the Plan, subject to the terms of such agreement. Any such deferral so elected must have been made in the same manner as
provided for in subsection (a). Notwithstanding the foregoing, any compensation previously deferred under an employment agreement was subject to deferral under the Plan only as provided for in Section 3.6. An Eligible Employee’s employment
agreement with the Company or another Employing Company might also have provided for a mandatory deferral of certain compensation under the Plan. 

(c) An Employing Company could have designated a special bonus to be paid to an Eligible Employee under an agreement with
such employee as eligible for deferral, subject to the terms of such agreement. Any such deferral so elected shall have been made in the same manner as provided for in subsection (a). 

(d) Whenever any compensation eligible for deferral under the Plan was also eligible for deferral, in whole or part, under
any other deferred compensation plan (such as an excess 401(k) plan), the amount of such compensation eligible for deferral under the Plan was net of any amount elected for deferral under the other plan. 

3.3 Deferral Elections. 

(a) Effective December 31, 2010, no new deferral elections may be made under the Plan. Prior to January 1, 2011,
an Eligible Employee with the consent of the Time Warner Benefits Officer could annually make an irrevocable election to defer under the Plan certain compensation described in Section 3.2 and participate in the Plan by timely delivering a
properly executed election to the Time Warner Benefits Officer or such officer’s designee on a form prescribed by the Time Warner Benefits Officer. The election form was required to specify with respect to the compensation to be deferred under
the Plan for the Year, pursuant to the provisions of Section 3.2 and Article V 
 (i) the percentage of the bonus or
compensation specified in Section 3.2 (b) to be deferred or the specific dollar amount to be deferred (provided, however, that if such specific dollar amount exceeds the amount eligible for deferral, no deferral shall be made); and 

(ii) the time for the commencement of payment of the deferred compensation, which must be either on account of a Separation
From Service or at an in-service Year to be specified by the Eligible Employee. Compensation which is to be deferred to an in-service payment date must be deferred for no fewer than three Years following the Year in which it was earned. 

  
 5 

 (b) A deferral election applies only with respect to the Year for which it
is made and does not continue in effect for any subsequent Year. 
 3.4 Effective Date of Election. 

(a) An election to defer compensation under the Plan must have been received by or on behalf of the Time Warner Benefits
Officer on or prior to December 31 of the Year preceding that in which the services related to the compensation will be performed, at which time it shall become irrevocable (subject to any re-deferral elections made pursuant to
Section 5.3); provided, however, that in the case of any compensation that constitutes “performance-based compensation” within the meaning of Treas. Reg. § 1.409A-1(e), the Benefits Officer may permit a Participant to make a
deferral election with respect to such compensation until the date that is six months prior to the end of the applicable performance period, to the extent permitted under Treas. Reg. § 1.409A-2(a)(8). 

(b) Notwithstanding the deferral election deadlines specified in subsection (a) above, the Time Warner Benefits
Officer had the authority to prescribe an earlier or later date by which time an Eligible Employee must elect to defer such compensation to the extent permitted under Section 409A of the Code and any regulations or other guidance promulgated
thereunder from time to time. 
 (c) Under no circumstances may an Eligible Employee at any time defer compensation to
which he or she has attained a legally enforceable right to receive currently. 
 3.5 Certain Incentive Plans. Notwithstanding
anything to the contrary herein, the term “bonus” wherever used in this Article III included any amounts payable to Eligible Employees under a long-term incentive plan (“LTIP”) of the Company or an Affiliate, which provided under
the terms of the LTIP for an election to defer payments thereunder into the Plan. Any such elections pursuant to this Section must have been made in accordance with Section 3.4. 

3.6 Transfers. Prior to January 1, 2010 (but on or after January 1, 2005), an Eligible Employee, whose compensation was
payable under an employment agreement with an Employing Company which provided for deferred compensation, could have elected to have transferred to and deferred under his or her Deferred Compensation Account in the Plan the balance, in whole or in
part, of the compensation previously deferred under such agreement, subject to the terms of such agreement. Such an election could have been made at any time, but only once in the Eligible Employee’s lifetime. Notwithstanding the foregoing, a
Participant who is an Employee who has made an election to defer compensation under an employment agreement, could have made, prior to the date that such compensation would have been payable but for such election prior to January 1, 2010 (and
on and after January 1, 2005), a subsequent election directing that the deferral be made under the Plan instead of under the employment agreement. 

  
 6 

 ARTICLE IV 

DEFERRED COMPENSATION ACCOUNT 

4.1 Deferred Compensation Account. 

(a) A Deferred Compensation Account has been established for each Participant who made a deferral election pursuant to
Article III. A Participant’s or Inactive Participant’s Deferred Compensation Account consists of the compensation deferred by a Participant in any Year under the Plan, increased or decreased by any gains or losses thereon. 

(b) The Company shall maintain the Deferred Compensation Accounts of all Participants and Inactive Participants. 

(c) All payments made under the Plan shall be made directly by the Company from its general assets subject to the claims
of any creditors and no deferred compensation under the Plan shall be segregated or earmarked or held in trust. The Plan is an unfunded and unsecured contractual obligation of the Company. Participants, Inactive Participants and Beneficiaries shall
be unsecured creditors of the Company with respect to all obligations owed to them under the Plan. Participants, Inactive Participants and Beneficiaries shall not have any interest in any fund or specific asset of the Company by reason of any amount
credited to a Deferred Compensation Account, nor shall any such person have any right to receive any distribution under the Plan except as explicitly stated herein. The Company shall not designate any funds or assets to specifically provide for the
distribution of the value of a Deferred Compensation Account or issue any notes or security for the payment thereof. Any asset or reserve that the Company may purchase or establish shall not serve as security to Participants, Inactive Participants
and Beneficiaries for the performance of the Company under the Plan. 
 4.2 Hypothetical Investment. 

(a) For crediting rate purposes, amounts credited to a Participant’s or Inactive Participant’s Deferred
Compensation Account shall be deemed to be invested according to his or her Investment Direction in one or more of all of the similarly named funds (both core funds and mutual funds in the mutual funds option) offered under the Time Inc. Savings
Plan. For any period, the deemed return on each of these Investment Funds shall be the same as the return for such period on each similarly named fund offered under such plan. 

(b) Notwithstanding anything to the contrary herein, the Company, by action of the Investment Committee, may add to,
decrease or change the Investment Funds offered under the Plan, at any time and for any reason. Participants, Inactive Participants and Beneficiaries shall not have the right to continue any particular deferral option. 

(c) The Company shall be under no obligation to invest amounts corresponding to any deferral options chosen by
Participants or Inactive Participants. Any such allocation to any Deferred Compensation Account shall be made solely for the purpose of determining the value of such account under the Plan. 

  
 7 

 4.3 Investment Direction. Deferrals shall be credited to the Investment Funds in
accordance with a Participant’s or Inactive Participant’s Investment Direction. A Participant or Inactive Participant shall direct that his or her deferrals be applied, in multiples of one percent, to deemed investments in any or all of
the Investment Funds. 
 4.4 Changes in Investment Direction. A Participant or Inactive Participant may make one Investment
Direction in each calendar quarter, with respect to each of new deferrals and previous deferrals and any earnings thereon; provided, however, that one additional Investment Direction may be made in each calendar quarter in which any Investment Fund
is made available, or ceases to be available, as provided for in Section 2.19, with respect to each of new deferrals and previous deferrals and any earnings thereon. 

4.5 Manner of Hypothetical Investment. 

(a) For purposes of the hypothetical investment under Section 4.2, deferred compensation shall be considered to be
invested on the date the recordkeeper of the Plan records the deferral amount. 
 (b) As of each Valuation Date, the
recordkeeper of the Plan shall determine the value of each Participant’s, Inactive Participant’s or Beneficiary’s Deferred Compensation Account. 

(c) For purposes of distribution pursuant to Article V, the balance of each Deferred Compensation Account shall be valued
as of the Valuation Date immediately preceding the date that the Committee commences the processing of the distribution of the balance of such account, or the particular installment thereof. 

4.6 Participant Assumes Risk of Loss. Each Participant, Inactive Participant and Beneficiary assumes the risk in connection with
any decrease in value of his or her Deferred Compensation Account deemed invested in the Investment Funds. 
 4.7 Statement of
Account. A statement of account shall be made available through the recordkeeper’s website and may be viewed and printed by a Participant or Inactive Participant at any time. Upon request, as soon as reasonably practicable after the end of
each calendar quarter, a statement of account shall be sent to each Participant and Inactive Participant with respect to the value of his or her Deferred Compensation Account as of the end of such quarter. 

ARTICLE V 
 PAYMENT OF
DEFERRED COMPENSATION ACCOUNT 
 5.1 Payment on Account of Separation From Service for Reasons other than Death or Disability.

 (a) In the event of the Participant’s Separation From Service for reasons other than death or Disability,
the Participant’s Deferred Compensation Account shall be distributed to him or her in ten annual installment payments, unless otherwise elected pursuant to the Participant’s deferral election(s) made hereunder. 

  
 8 

 (b) Notwithstanding any other provision of this Section 5.1, if the
value of the Participant’s Deferred Compensation Account together with amounts deferred under any other nonqualified deferred compensation plan that is aggregated with the Plan under Treas. Reg. § 1.409A-1(c)(2) are less than or equal to
the applicable dollar amount under Section 402(g)(1)(B) of the Code (determined as of December 31 of the Year in which he or she has the Separation From Service), payment shall be made in a lump sum. 

(c) The first installment, or lump sum, as the case may be, shall be distributed as soon as practicable on or after
April 1 (and in any event, no later than December 31) of the Year following the Year in which the Participant has a Separation From Service. Subsequent annual installment payments shall be distributed as soon as practicable on or after
each following April 1 (and in any event, no later than each following December 31). 
 5.2 Payment on Account of
Disability. 
 (a) In the event a Participant meets the definition of Disability, the value of the
Participant’s Deferred Compensation Account shall be distributed to him or her in five annual installment payments. 

(b) Notwithstanding subsection (a) above, if the value of the Participant’s Deferred Compensation Account
together with amounts deferred under any other nonqualified deferred compensation plan that is aggregated with the Plan under Treas. Reg. § 1.409A-1(c)(2) are less than the applicable dollar amount under Section 402(g)(1)(B) of the Code as
of the Valuation Date immediately prior to the date the definition of Disability is met, payment shall be made in a lump sum. 

(c) The first installment, or lump sum, as the case may be, shall be distributed as soon as practicable on or after
April 1 (and in any event, no later than December 31) of the Year following the Year during which the Participant has met the definition of Disability. Subsequent annual installment payments shall be distributed as soon as practicable on
or after each following April 1 (and in any event, no later than each following December 31). 
 (d) The
payment schedule described under Section 5.2(c) shall not be affected by any subsequent changes to the Participant’s Disability status following the initial occurrence of the Participant’s Disability. 

5.3 In-Service Payments; Re-deferral Elections. 

(a) An in-service payment elected by a Participant pursuant to Section 3.3(ii) shall be distributed in a lump sum as
soon as practicable on or after April 1 (and in any event, no later than December 31) in the Year specified by the Participant. 

(b) Notwithstanding subsection (a) above, a Participant may request, by delivering written notice to the
Administrative Committee on a form prescribed by such officer prior to the date that is 12 months preceding the date on which the in-service payment is to be made, that the Administrative Committee in its sole and absolute discretion, defer such
payment until such later Year as the Participant requests. Any such additional deferral (i) must be for at least 5 full Years beyond the date the in-service payment was previously 

  
 9 

 
scheduled to be made, (ii) must be for the current value of the whole amount originally deferred, (iii) can only be made five times with respect to any in-service payment, (iv) may
not take effect until at least twelve (12) months after the date on which such additional deferral election is made, and (v) shall be distributed in a lump sum as soon as practicable on or after April 1 (and in any event, no later
than December 31) in the Year specified by the Participant. 
 (c) Notwithstanding the forgoing, the Administrative
Committee may, in such officer’s sole and absolute discretion, permit Participants to change their deferral elections under the Plan without meeting the conditions set forth above provided that such deferral election changes comply with
Section 409A of the Code or the transitional relief rules promulgated by the Treasury Department thereunder. In the event of a Participant’s Separation From Service for any reason prior to the time any in-service payment under this
Section 5.3 would have been made, distribution of such payment shall be made according to the manner of payment specified in Section 5.1, 5.2, or 5.4, based on the Participant’s actual reason for Separation From Service. 

5.4 Payment to Beneficiary or Estate in the Event of Death. Notwithstanding the provisions for payment described in Sections 5.1
through 5.3 above, in the event of the death of a Participant or Inactive Participant before the distribution of his or her Deferred Compensation Account has commenced, or before such account has been fully distributed, the value of such account
shall be determined as of the Valuation Date coincident with or immediately prior to the date that the Administrative Committee commences the processing of the distribution, after both a written notice of his or her death and a death certificate
have been received by the Administrative Committee. Such account shall be distributed in a lump sum as soon as practicable to the Participant’s or Inactive Participant’s Beneficiary (or, if no person has been designated or if no person so
designated survives the Participant or Inactive Participant, to such Participant’s or Inactive Participant’s estate or if such Beneficiary survives the Participant or Inactive Participant, but dies prior to payment, to such
Beneficiary’s estate) prior to the end of the Year of the Participant’s or Inactive Participant’s death (or within 90 days after the date of death, if later). In case any Participant or Inactive Participant and his or her Beneficiary
die in or as a result of a common accident or disaster and under such circumstances as to make it impossible to determine which of them was the last to die, the Participant or Inactive Participant shall be deemed to have survived his or her
Beneficiary. Distributions hereunder shall be subject to such administrative and procedural requirements and forms as the Administrative Committee in such officer’s discretion may require.  

5.5 Severe Unforeseeable Financial Emergency Payments. Notwithstanding any other provisions of the Plan, a Participant or Inactive
Participant may make an application to the Administrative Committee that he or she has a severe unforeseeable financial emergency; to the extent that such severe unforeseeable financial emergency also constitutes an “unforeseeable
emergency” under Section 409A(a)(2)(B)(ii) of the Code. After consideration of the application, and a determination that such an emergency exists, the Administrative Committee shall direct that all or a portion of the balance of such
individual’s Deferred Compensation Account be paid to him or her in such manner and at such time as the Administrative Committee shall specify; provided, that such amount shall be limited to the amount reasonably necessary to satisfy the
emergency need, to the extent permitted under Section 409A(a)(2)(B)(ii) of the Code. 

  
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 5.6 Incapacity. The Administrative Committee may direct that any amounts
distributable under the Plan to a person under a legal disability be made to (and be withheld until the appointment of) a representative qualified pursuant to law to receive such payment on such person’s behalf. 

5.7 Method of Paying Installments. Installment payments as provided for in this Article V shall be paid on each payment date in an
amount equal to the value of the Deferred Compensation Account on such payment date multiplied by a fraction, the numerator of which is one (1) and the denominator of which is the number of Years remaining in the period of installment payments
elected by the Participant. 
 5.8 Payments Only in Cash. All payments under the Plan shall be made only in cash. 

5.9 Rehire of Inactive Participant. If an Inactive Participant returns to work with the Company or an Affiliate, distribution of
his or her remaining Deferred Compensation Account with respect to amounts deferred prior to the date of the Separation From Service shall continue to be made as if the Inactive Participant has not returned to work. 

5.10 Election Changes Pursuant to Transition Relief Rules Under Code Section 409A. To the extent permitted by the
Administrative Committee, Participants may elect to amend their deferral election to provide that a greater portion (or all) of the Participant’s bonus or long term incentive plan award amounts will be paid to the Participant in a subsequent
year upon the regularly scheduled bonus or long term incentive plan award payment dates, in each case, in a manner consistent with the transition relief rules promulgated by the Treasury Department under Section 409A of the Code and pursuant to
the terms established by the Administrative Committee. 
 ARTICLE VI 

ADMINISTRATION 

6.1 Administrative Committee. 

(a) Appointment. The Administrative Committee shall be a committee of not less than three individuals designated by
the Benefits Officer who shall be responsible for administering the Plan. The Benefits Officer may not serve on the Administrative Committee. No member of the Administrative Committee shall receive any compensation for his or her services as such.
Participants may be members of the Administrative Committee but may not participate in any decision affecting their own account in any case where the Administrative Committee may take discretionary action in the administration of the Plan. 

(b) Quorum and Actions of Administrative Committee. A majority of the members of the Administrative Committee shall
constitute a quorum for the transaction of business. All resolutions or other action taken by the Administrative Committee shall be by a vote of a majority of its members present at any meeting or, without a meeting, by instrument

  
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in writing signed by all its members. Members of the Administrative Committee may participate in a meeting of such Administrative Committee by means of a conference telephone or similar
communications equipment that enables all persons participating in the meeting to hear each other, and such participation in a meeting shall constitute presence in person at the meeting. 

(c) Responsibilities. The Administrative Committee shall be the administrator of the Plan and shall have all powers
necessary to administer the Plan except to the extent that any such powers are vested in any other individual or committee are duly authorized under the Plan. The Administrative Committee may from time to time establish rules for the administration
of the Plan. The Administrative Committee shall have exclusive authority and sole and absolute discretion to interpret the Plan, to determine eligibility for benefits and the amount of benefit payments and to make any factual determinations, resolve
factual disputes and decide all matters arising in connection with the interpretation, administration and operation of the Plan or with the determination of eligibility for benefits or the amount of benefit payments. All its rules, interpretations
and decisions shall be conclusive and binding on the Company and on Participants, Inactive Participants and their Beneficiaries to the extent permitted by law. 

(d) Delegation by Administrative Committee. The Administrative Committee may delegate any of its powers or duties
to others as it shall determine (including a Claims Administrator) and may retain counsel, agents and such clerical, accounting, actuarial, recordkeeping or other services as it may require in carrying out the provisions of the Plan. 

(e) Committee Records. The Administrative Committee shall keep a record of all Plan proceedings and of all payments
directed by it to be made to or on behalf of Participants, Inactive Participants, or Beneficiaries or payments made by it for expenses or otherwise. 

6.2 Investment Committee. 

(a) Appointment. The Investment Committee shall be a committee of not less than three individuals designated by the
Benefits Officer who shall take all prudent action necessary or desirable for the purpose of carrying out the overall investment policy for the Plan (with respect to Investment Funds made available as targeted hypothetical investments). The Benefits
Officer may not serve on the Investment Committee. 
 (b) Quorum and Actions of Investment Committee. A majority
of the members of the Investment Committee at the time in office shall constitute a quorum for the transaction of business. All resolutions or other action taken by the Investment Committee shall be by vote of a majority of its members present at
any meeting or, without a meeting, by instrument in writing signed by all its members. Members of the Investment Committee may participate in a meeting of such Investment Committee by means of a conference telephone or similar communications
equipment that enables all persons participating in the meeting to hear each other, and such participation in a meeting shall constitute presence in person at the meeting. 

  
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 (c) Investment Committee Chair; Delegation by Investment Committee.
The members of the Investment Committee shall designate one of their number as chair and may designate a secretary who may, but need not, be one of their number. The Investment Committee may delegate any of its powers or duties among its members or
to others as it shall determine. It may authorize one or more of its members to execute or deliver any instrument or to make any payment in its behalf. It may employ such counsel, agents and clerical, accounting, actuarial and recordkeeping services
as it may require in carrying out the provisions of the Plan. 
 6.3 Benefits Officer. 

(a) Responsibilities. The Benefits Officer shall be responsible for effecting settlor functions on behalf of the
Company as provided for in the Plan, including, without limitation, amending and modifying the terms of the Plan. 

(b) Delegation of Duties. The Benefits Officer may authorize others to execute or deliver any instrument or to make
any payment in his or her behalf and may delegate any of his or her powers or duties to others as he or she shall determine. The Benefits Officer may retain such counsel, agents and clerical, medical, accounting and actuarial services as he or she
may require in carrying out his or her functions. 
 6.4 Indemnification. The Company shall, to the fullest extent permitted by
law, indemnify each director, officer or employee of the Company or any Affiliate (including the heirs, executors, administrators and other personal representatives of such person) and each member of the Administrative Committee, Investment
Committee and Benefits Officer against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement, actually and reasonably incurred by such person in connection with any threatened, pending or actual suit, action or
proceeding (whether civil, criminal, administrative or investigative in nature or otherwise) in which such person may be involved by reason of the fact that he or she is or was serving any employee benefit plans of the Company or any Affiliate in
any capacity at the request of such company. 
 6.5 Expenses of Administration. Any expense incurred by the Company, the
Administrative Committee, the Investment Committee or the Benefits Officer relative to the administration of the Plan shall be paid by the Company and any of its participating Affiliates in such proportions as the Company may direct. 

6.6 Reliance on Information. The Administrative Committee, Investment Committee, and Benefits Officer may rely conclusively upon
all tables, valuations, certificates, opinions and reports furnished by any actuary, accountant, controller, counsel or other person who is employed or engaged for any purpose in connection with the administration of the Plan. 

6.7 No Liability for Acts of Others. Neither the Administrative Committee, Investment Committee, or Benefits Officer nor any
member of the Board or the board of directors (or governing body) of an Affiliate and no employee of the Company or any Affiliate shall be liable for any act or action hereunder, whether of omission or commission, by any other member or employee or
by any agent to whom duties in connection with the administration of the Plan have been delegated or for anything done or omitted to be done in connection with the Plan. 

  
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 ARTICLE VII 

CLAIMS PROCEDURE 

7.1 Participant or Beneficiary Request for Claim. Any request for a benefit payable under the Plan shall be made in writing by a
Participant or Beneficiary (or an authorized representative of any of them), as the case may be, and shall be delivered to any member of the Administrative Committee. Such written request shall be deemed filed upon receipt thereof by the
Administrative Committee. Such request shall be made within one year after the claimant first knew or should have known that he had a claim for benefits under the Plan. 

7.2 Insufficiency of Information. In the event a request for benefits contains insufficient information, the Administrative
Committee shall, within a reasonable period after receipt of such request, send a written notification to the claimant setting forth a description of any additional material or information necessary for the claimant to perfect the claim and an
explanation of why such material is necessary. The claimant’s request shall be deemed filed with the Administrative Committee on the date the Administrative Committee receives in writing such additional information. 

7.3 Request Notification. The Administrative Committee shall make a determination with respect to a request for benefits within
ninety (90) days after such request is filed (or within such extended period prescribed below). The Administrative Committee shall notify the claimant whether his claim has been granted or whether it has been denied in whole or in part. Such
notification shall be in writing and shall be delivered, by mail or otherwise, to the claimant within the time period described above. If the claim is denied in whole or in part, the written notification shall set forth, in a manner calculated to be
understood by the claimant: 
 (i) The specific reason or reasons for the denial; 

(ii) Specific reference to pertinent provisions of the Plan on which the denial is based; and 

(iii) An explanation of the Plan’s claim review procedure. 

Failure by the Administrative Committee to give notification pursuant to this Section within the time prescribed shall be deemed a denial of
the request for the purpose of proceeding to the review stage. 
 7.4 Extensions. If special circumstances require an extension
of time for processing the claim, the Administrative Committee shall furnish the claimant with written notice of such extension. Such notice shall be furnished prior to the termination of the initial ninety (90)-day period and shall set forth the
special circumstances requiring the extension and the date by which the Administrative Committee expects to render its decision. In no event shall such extension exceed a period of ninety (90) days from the end of such initial ninety (90)-day
period. 

  
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 7.5 Claim Review. A claimant whose request for benefits has been denied in whole or
in part, or his duly authorized representative, may, within sixty (60) days after written notification of such denial, file with a reviewer appointed for such purpose by the Administrative Committee (or, if none has been appointed, with the
Administrative Committee itself), with a copy to the Administrative Committee, a written request for a review of his claim. Such written request shall be deemed filed upon receipt of same by the reviewer. 

7.6 Time Limitation on Review. A claimant who timely files a request for review of his claim for benefits, or his duly authorized
representative, may review pertinent documents (upon reasonable notice to the reviewer) and may submit the issues and his comments to the reviewer in writing. The reviewer shall, within sixty (60) days after receipt of the written request for
review (or within such extended period prescribed below), communicate its decision in writing to the claimant and/or his duly authorized representative setting forth, in a manner calculated to be understood by the claimant, the specific reasons for
its decision and the pertinent provisions of the Plan on which the decision is based. If the decision is not communicated within the time prescribed, the claim shall be deemed denied on review. 

7.7 Special Circumstances. If special circumstances require an extension of time beyond the sixty (60)-day period described above
for the reviewer to render his decision, the reviewer shall furnish the claimant with written notice of the extension required. Such notice shall be furnished prior to the termination of the initial sixty (60)-day period and shall set forth the
special circumstances requiring the extension period. In no event shall such extension exceed a period of sixty (60) days from the end of such initial sixty (60)-day period. 

ARTICLE VIII 
 AMENDMENT
AND TERMINATION 
 8.1 Amendments. The Company (by action of the Board) or the Benefits Officer (for the Company and the
other Employing Companies) may at any time amend the Plan. 
 8.2 Termination or Suspension. The continuance of the Plan and the
ability of an Eligible Employee to make a deferral for any Year are not assumed as contractual obligations of the Company or any other Employing Company. The Company reserves the right (for itself and the other Employing Companies) by action of the
Board or the Benefits Officer, to terminate or suspend the Plan, or to terminate or suspend the Plan with respect to itself or an Employing Company, to the extent permitted under Treas. Reg. § 1.409A-3(j)(4)(ix). Any Employing Company may
terminate or suspend the Plan with respect to itself by executing and delivering to the Company or the Benefits Officer such documents as the Company or Benefits Officer shall deem necessary or desirable. 

8.3 Participants’ Rights to Payment. No termination of the Plan or amendment thereto shall deprive a Participant, Inactive
Participant or Beneficiary of the right to payment of deferred compensation credited as of the date of termination or amendment, in accordance with the terms of the Plan as of the date of such termination or amendment; provided, however, that in the
event of termination of the Plan, or termination of the Plan with respect to the Company or one or more other Employing Companies, the Benefits Officer may, in such officer’s sole and absolute 

  
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discretion, accelerate the payment of all such credited deferred compensation on a uniform basis for all Participants and Inactive Participants or, in the case of termination of the Plan with
respect to one or more other Employing Companies, for all Participants and Inactive Participants of such other Employing Companies only, to the extent permitted under Treas. Reg. § 1.409A-3(j)(4)(ix). 

ARTICLE IX 

PARTICIPATING COMPANIES 

9.1 Adoption by Other Entities. Upon the approval of the Company or the Benefits Officer, the Plan may be adopted by any Affiliate
by executing and delivering to the Company or the Benefits Officer such documents as the Company or Benefits Officer shall deem necessary or desirable. The provisions of the Plan shall be fully applicable to such entity except as may otherwise be
agreed to by such adopting company and the Company or Benefits Officer. 
 ARTICLE X 

GENERAL PROVISIONS 

10.1 Participants’ Rights Unsecured. The right of any Participant or Inactive Participant to receive future payments under
the provisions of the Plan shall be a general unsecured claim against the general assets of the Employing Company employing the Participant at the time that his or her compensation is deferred. The Company, and any other Employing Company or former
Employing Company shall not guarantee or be liable for payment of benefits to the employees of any other Employing Company or former Employing Company under the Plan. 

10.2 Non-Assignability. The right of any person to receive any benefit payable under the Plan shall not be subject in any manner
to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, lien or charge, and any such benefit shall not, except to such extent as may be required by law, in any manner be liable for or subject to the debts, contracts,
liabilities, engagements or torts of the person who shall be entitled to such benefits, nor shall it be subject to attachment or legal process for or against such person. 

10.3 Affiliate Ceasing to be Such. 

(a) In the event that a corporation or other entity ceases at any time to meet the definition of an Affiliate, such entity
shall cease as of such time to be an Employing Company, if it had been such, and those of its Employees who would have been Eligible Employees under the Plan shall cease to be such, in each case, to the extent that the event causing such entity to
no longer be an Affiliate constitutes a change in ownership or effective control of such entity within the meaning of Section 409A(a)(2)(A)(v) of the Code. 

(b) Payments to Participants employed by any entity which ceases to be an Affiliate under the circumstances described
under Section 10.3(a) shall be made pursuant to Article V as if the Participant had a Separation From Service. 

  
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 10.4 No Rights Against the Company. The establishment of the Plan, any amendment or
other modification thereof; or any payments hereunder, shall not be construed as giving to any Employee, Eligible Employee, Participant or Inactive Participant any legal or equitable rights against the Company or any other Employing Company or
former Employing Company, its shareholders, directors, officers or other employees, except as may be contemplated by or under the Plan including, without limitation, the right of any Participant or Inactive Participant to be paid as provided under
the Plan. Participation in the Plan does not give rise to any actual or implied contract of employment. A Participant may be terminated at any time for any reason in accordance with the procedures of the Employing Company. 

10.5 Withholding. Each Employing Company, former Employing Company, or paying agent shall withhold any federal, state and local
income or employment tax (including F.I.C.A. obligations for both social security and medicare) which by any present or future law it is, or may be, required to withhold with respect to any deferral of compensation pursuant to the Plan, any
Employing Company Allocation, any income deemed accrued or any distribution under the Plan, with respect to any of its former or present Employees. The Benefits Officer shall provide or direct the provision of information necessary or appropriate to
enable each such company to so withhold. 
 10.6 No Guarantee of Tax Consequences. The Administrative Committee, the Benefits
Officer, the Company and any Employing Company or former Employing Company do not make any commitment or guarantee that any amounts deferred for the benefit of a Participant or Inactive Participant will be excludible from the gross income of the
Participant or Inactive Participant in the Year of deferral or distribution for federal, state or local income or employment tax purposes, or that any other federal, state or local tax treatment will apply to or be available to any Participant or
Inactive Participant. It shall be the obligation of each Eligible Employee, Participant or Inactive Participant to determine whether any deferral under the Plan is excludible from his or her gross income for federal, state and local income or
employment tax purposes, and to take appropriate action if he or she has reason to believe that any such deferral is not so excludible. 

10.7 Severability. If a provision of the Plan shall be held illegal or invalid, the illegality or invalidity shall not affect the
remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included in the Plan. 

10.8 Governing Law. The provisions of the Plan shall be governed by and construed in accordance with the laws of the State of New
York (other than its rules of conflicts of laws to the extent that the application of the laws of another jurisdiction would be required thereby), to the extent not preempted by the laws of the United States. 

10.9 Compliance with Section 409A of the Code. This Plan is intended to comply with Section 409A of the Code and will be
interpreted in a manner intended to comply with Section 409A of the Code. In furtherance thereof, no payments may be accelerated under the Plan other than to the extent permitted under Section 409A of the Code. To the extent that any
provision of the Plan violates Section 409A of the Code such that amounts would be taxable to a Participant prior to payment or would otherwise subject a Participant to a penalty tax under Section 409A, such provision shall be
automatically reformed or stricken to preserve the intent hereof. 

  
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Notwithstanding anything herein to the contrary, (i) if at the time of a Participant’s Separation From Service the Participant is a “specified employee” as defined in
Section 409A of the Code (and any related regulations or other pronouncements thereunder) and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such Separation From Service is necessary in
order to prevent any accelerated or additional tax under Section 409A of the Code, then the Company shall defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits
ultimately paid or provided to the Participant) until the date that is six months following the Participant’s Separation From Service (or the earliest date as is permitted under Section 409A of the Code) and (ii) if any other payments
due to a Participant hereunder could cause the application of an accelerated or additional tax under Section 409A of the Code, such payments or other benefits shall be deferred if deferral will make such payment compliant under
Section 409A of the Code, or otherwise such payment shall be restructured, to the extent possible, in a manner, determined by the Benefits Officer or the Administrative Committee, that does not cause such an accelerated or additional tax. The
Benefits Officer and the Administrative Committee shall implement the provisions of this Section 10.9 in good faith; provided that none of the Company, the Benefits Officer, the Administrative Committee nor any of the Company’s or its
subsidiaries’ employees or representatives shall have any liability to Participants with respect to this Section 10.9. 

  
 18

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