Document:

Amendment to Tube City, Inc. Executive Deferred Compensation Plan

 EXHIBIT 10.18 
 Amendment to Tube City, Inc. 
 Executive Deferred Compensation Plan 
 (Effective as of January 1, 2005) 
 WHEREAS, Tube City, Inc. adopted the Tube City, Inc. Executive Deferred Compensation Plan (the “Plan”) effective as of May 1, 2001, for the purpose of providing a select group of management and highly compensated employees of
the Company with certain deferred compensation benefits; and 
 WHEREAS, Tube City, LLC (the “Company”) has assumed sponsorship of
the Plan by operation of law as a result of the statutory conversion of Tube City, Inc. to Tube City, LLC (wholly owned by Tube City IMS Corporation), effective September 12, 2003; and 
 WHEREAS, Article X of the Plan permits the amendment of the Plan by the Company from time to time, subject to a prohibition against any amendment that
would reduce a Plan participant’s “Plan Deferral Account” (as that term is defined in the Plan) without the participant’s consent; and 
 WHEREAS, the Company, by action of its Sole Member, has determined to amend the Plan in order to change the name of the Plan and to comply with certain changes that have been made to the Internal Revenue Code of 1986,
as amended (the “Code”) affecting the tax treatment of deferred compensation plan in order to avoid causing any Plan participant to be subject to the unfavorable tax treatment that may be applicable if the Plan were to fail to comply with
these Code changes; and 
 WHEREAS, the amendment to the Plan in order to comply with the changes made to the Code will not result in the
reduction of any participant’s Plan Deferral Account. 
 NOW, THEREFORE, effective as of January 1, 2005, the Plan is amended as
follows: 
 1. The Plan is hereby redesignated as the Tube City, LLC Executive Deferred Compensation Plan, and each reference to the Company
shall be a reference to Tube City, LLC rather than to Tube City, Inc. 
 2. Section 2.2 (“Board of Directors”) is hereby
deleted, and each reference in the Plan to the Board of Directors is hereby replaced with the term “Sole Member.” 
 3. Sections
2.3 through 2.18 are hereby redesignated as Sections 2.2 through 2.17, respectively. 
 4. Section 2.5 (formerly Section 2.6,
defining “Company”) shall be amended in its entirety to read: 
 2.5 “Company” shall mean Tube City, LLC,
a Delaware limited liability company. 
 5. A new Section 2.18 is hereby added immediately before Section 2.19, to read:

 2.18 “Sole Member” shall mean Tube City IMC Corporation, the sole member of the Company. 

 6. Article III of the Plan is restated in its entirety to read: 
 “ARTICLE III PARTICIPATION 
 3.1 General Rules on Participation Agreements. The employees of the Company who are eligible to participate in the Plan shall be those management and highly compensated executives designated by the Sole Member of the Company as
eligible. Any employee so designated who executes a Participation Agreement or who otherwise has any amount credited for his or her benefit under the Plan shall be a Participant in the Plan and shall have a Plan Deferral Account. The Participation
Agreement for each Participant shall specify the amount, stated as a whole percentage (not in excess of 25%), of a Participant’s Base Compensation to be deferred from the subsequent Plan Year. Each employee who is eligible to participate in the
Plan may also elect to defer all or a portion of his or her Bonus Compensation which may be paid to such Participant with respect to the subsequent Plan Year. Except as otherwise provided in this Plan or in the Participant’s Participation
Agreement, a Participant’s election to defer Compensation shall remain in effect from one Plan Year to the next, unless otherwise changed by the Participant. 
 3.2 Special Rules Related to Code Section 409A. Effective as of January 1, 2005, a Participation Agreement filed by a
Participant shall not become effective any earlier than is permissible consistent with the requirements set forth in Code Section 409A(a)(4), proposed Treasury Regulation Sections 1.409A-1,2,3,6, IRS Notice 2005-1 (to the extent such guidance
continues to be treated as in effect by the Internal Revenue Service) and such other final regulations or other guidance that may be issued by the Treasury Department or the Internal Revenue Service interpreting such requirements. Any such effective
Participation Agreement shall not be revocable except to the extent revocation is permissible under Code Section 409A and related guidance. 
 (a) In general, the limitations of this Section 3.2 shall be applied so as to required that all Participation Agreements to defer Compensation earned by reason of services performed for the Company during a Plan
Year must be filed before the first day of such Plan Year to be effective, and may only be revoked with respect to the automatic renewal of such Participation Agreement for subsequent Plan Years by means of filing a revocation before the first day
of such subsequent Plan Year. 
  

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 (b) Notwithstanding the foregoing general provisions of Section 3.2(a), to the
extent permissible under Code Section 409A and applicable regulations or other guidance, a Participation Agreement that would defer payments of bonus compensation may be made after the beginning of the period to which such bonus compensation
relates, if such later election is permitted under such rules as may be established by the Committee from time to time.” 
 7. A new
Section 6.2(c) is added at the end of Section 6.2, to read: 
 “(c) Effective with respect to benefits
attributable to deferrals of Compensation made on or after January 1, 2005, and notwithstanding anything herein to the contrary, distributions shall in all cases be made pursuant to the terms of the Participant’s Participation Agreement in
effect with respect to such deferrals, and if no distribution method is specified, shall be distributed as a lump sum as soon as reasonably practicable following the termination of such Participant’s employment with the Company. A Participant
shall be permitted to modify the terms of his Participation Agreement with respect to the time and manner of distribution of such benefits only to the extent such modification is consistent with the requirements of Code Section 409A(a)(4)(C)
and guidance issued by the Treasury Department or the Internal Revenue Service interpreting such requirements. In general, modification of the time and form of distribution will, therefore, only be permitted if the election to make such
modifications is filed at least 12 months prior to the date the distribution would have been paid (or the date the first distribution would have been paid out of a series of distributions), and such modification results in a deferral of payment (or
distribution commencement) for at least five years. For these purposes, a distribution of benefits in a series of installments shall be treated, consistent with applicable guidance issued pursuant to Code Section 409A, as a single payment
distributed as of the date such series of payments is to commence. In addition, no election to modify the time and manner of distribution shall be effective unless the Company consents to such modification, and the provisions of Section 6.2(b),
above, shall only be effective to the extent such payment of a lump sum cash distribution is consistent with the requirements of Code Section 409A(a)(3) (prohibiting acceleration of benefit payments), or within the scope of an exception from
such prohibition on acceleration of benefit payment as may be available under Treasury Regulations or other guidance issued by the Treasury Department or the Internal Revenue Service.” 
 8. Section 6.3 is amended in its entirety to read: 
  
 “6.3 Early Payment of Benefits. In the event that a Participant elects to receive benefits under the Plan at any time prior to
the time payment of benefits would be made under Section 6.2 of the Plan, the Participant shall file such election with the Committee and shall, as soon as practicable after receipt of such election by the Committee, be paid ninety percent
(90%) of such Participant’s Plan Deferral Account, and such Participant shall not thereafter be entitled to any further benefits under the Plan and shall cease to be a Participant thereunder. Notwithstanding the foregoing, this
Section 6.3 shall not be applicable to any benefits under the Plan attributable to deferrals of Compensation made on or after January 1, 2005. 
  

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 9. Section 6.4 is amended in its entirety to read: 
 “6.4 Hardship. 
 (a) A Participant may petition the Sole Member of the Company for a distribution of all or a portion of his or her vested Plan Deferral Account (without reduction as set forth in Section 6.3 above) on account of
an unforeseeable emergency. If the Board of Directors of the Company determines that there is such an unforeseeable emergency, and that there are insufficient resources available from other sources to pay the expenses associated with such
unforeseeable emergency, the Participant shall receive a payment in an amount not to exceed the lesser of the Participant’s Plan Deferral Account or the amount required to meet the financial needs arising from the unforeseeable emergency
(increased to take into account any tax liability on such benefit payment and decreased to take into account amounts available from other sources, including reimbursement through insurance or otherwise, the liquidation of other assets of the
Participant to the extent such liquidation does not cause severe financial hardship, or by cessation of deferrals under the Plan). For purposes of this Section 6.4, an unforeseeable emergency is any severe financial hardship to the Participant
resulting from a sudden and unexpected illness or accident of the Participant or a dependent of the Participant, loss of property of the Participant due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result
of events beyond the control of the Participant. 
 (b) Notwithstanding the foregoing, this Section 6.4 shall only be
applicable with respect to benefits under the Plan attributable to deferrals of Compensation made on or after January 1, 2005 to the extent consistent with the requirements of Code Section 409A(a)(2)(B)(ii) (relating to what constitutes an
“unforeseeable emergency” and the extent to which distributions are permitted to be made in such circumstances) and Treasury 

  

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Regulations or other guidance as may be issued by the Treasury Department or the Internal Revenue Service interpreting such requirements.” 

10. Section 6.6 is amended in its entirety to read: 
 “6.6 Compensation in Excess of Section 162(m) Limitations. 
 (a) Notwithstanding
anything to the contrary contained herein, in the event a Participant is a “covered employee” as that term is used for purposes of Code Section 162(m), payment of benefits under the Plan shall not be made to such a Participant to the
extent that the amount paid is subject to the limitations on deductibility under such Code Section or is reasonably likely to cause other payments to such Participant to be subject to such limitations on deductibility. In the event a payment is not
made by reason of this Section 6.6, the payment will be made as soon as the payment can be made without the causing the limitations on deductibility under Code Section 162(m) to be applicable. For purposes of this Section 6.6, a
payment is subject to Code Section 162(m) to the extent that it exceeds the limits on deductible compensation payments and is not otherwise exempt from the application of that Code Section (e.g., on account of the exception for performance
based compensation). 
 (b) Effective with respect to benefits attributable to deferrals of Compensation made on or after
January 1, 2005, this Section 6.b shall only be effective to the extent the suspension of payments provided for hereunder is consistent with the requirements of Code Section 409A(a)(2), (3) and (4) and Treasury Regulations
or other guidance as may be issued by the Treasury Department or the Internal Revenue Service interpreting such requirements.” 
 11. A
new Section 11.10 is added at the end of Article XI, to read: 
 11.10. Intent to Comply with Code Section 409A. The
Plan, as amended, is intended to comply with Code Section 409A and applicable Treasury Regulations or other guidance as may be issued by the Treasury Department or the Internal Revenue Service interpreting such requirements so as to avoid the
imposition of tax on participants under Code Section 409A(a), and shall in all instances be interpreted in a manner consistent with such intent. The provisions of the Plan that relate to Code Section 409A are intended to be applicable only
to benefits under the Plan that are attributable to deferrals that are made or that become vested on or after January 1, 2005, and the Plan no material modification to the Plan is intended to have been made with respect to deferrals made

  

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and vested prior to January 1, 2005 for the express purpose of preserving the status of such benefits as grandfathered, or otherwise exempt from the
applicability of Code Section 409A.” 
 12. In all other respect the Plan remains in full force and effect without change.

 IN WITNESS WHEREOF, and as evidence of the adoption of the amendment by the Company, it has caused the same to be signed by a duly
authorized officer of its Sole Member, this 3rd day of January, 2006. 
  

			
	TUBE CITY IMS CORPORATION, SOLE MEMBER OF TUBE CITY, LLC
		
	By:	 	 /s/ Thomas E. Lippard

		 	Thomas E. Lippard
		 	Vice President

  

 - 6 -Tube City IMS Corporation Supplemental Executive Retirement Plan

 EXHIBIT 10.19 
 TUBE CITY IMS CORPORATION 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 In recognition of the valuable services provided to Tube City IMS Corporation (the “Company”) and its affiliates by certain key employees, the
Company wishes to provide additional retirement benefits to those individuals whose benefits under the Profit Sharing Plan (as defined herein) are restricted by operation of the provisions of the Internal Revenue Code of 1986, as amended (the
“Code”). It is the intent of the Company to provide these benefits under the terms and conditions hereinafter set forth. 
 This
plan was originally established by EnviroSource, Inc. (the former name of the Company) and was named the EnviroSource, Inc. Supplemental Executive Retirement Plan. The Plan is now amended and restated to change the name of the Plan to the Tube City
IMS Corporation Supplemental Executive Retirement Plan, make certain changes to the Plan to comply with section 409A of the Code, freeze the Plan as to Participants who are no longer eligible to participate after December 31, 2005 and make
other desired changes. The Plan is intended to constitute a top hat plan under section 201(2) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and, as such, to be exempt from all of the provisions of Parts 2,
3, and 4 of Title I of ERISA 
 ARTICLE 1 
 Definitions 
  

	 	1.1	“Affiliate” shall mean any company that (i) is included as a member with the Company in a controlled group of corporations, within the meaning of section 414(b) of
the Code; (ii) is a trade or business (whether or not incorporated) included with the Company in a group of trades or business under common control, within the meaning of section 414(c) of the Code; or (iii) is required to be aggregated
with the Company pursuant to section 414(m) or 414(o) of the Code and regulations thereunder. 

  

	 	1.2	“Beneficiary” means the person(s) designated by a Participant under (a) the Profit Sharing Plan, or (b) if no such designations are made, the Participant’s
surviving spouse or, if there is no surviving spouse, his or her estate. 

  

	 	1.3	“Board” means the Board of Directors of Tube City IMS Corporation or any authorized committee thereof. 

  

	 	1.4	“Code” means the Internal Revenue Code of 1986, as amended. 

  

	 	1.5	“Committee” means the committee appointed by the Board to administer the Plan. 

  

	 	1.6	“Company” means Tube City IMS Corporation. 

  

	 	1.7	“Compensation” means “Compensation” as that term is defined under the Profit Sharing Plan, without regard to the dollar limitation imposed under section
401(a)(17) of the Code. 

	 	1.8	“Effective Date” means (a) the original effective date of the Plan is January 1, 1994, and (b) the effective date of the Plan as amended and restated which
is January 1, 2006, as the context requires. 

  

	 	1.9	“Employee” means an employee of the Employer (including an officer or director who is also an employee). 

  

	 	1.10	“Employer” means the Company and each other Affiliate that has elected to cover its Employees hereunder by resolution of its board of directors. 

 

	 	1.11	“Employer Matching Contribution” means the actual matching contribution made by the Employer to the Profit Sharing Plan, on behalf of a Participant

  

	 	1.12	“Employer Profit Sharing Contribution” means the actual profit sharing contribution made by the Employer to the Profit Sharing Plan, on behalf of a Participant.

  

	 	1.13	“IMS Plan” means the Retirement Plan for Salaried Employees of International Mill Service, Inc. 

  

	 	1.14	“Individual Account” means the account established pursuant to Section 3.1. 

  

	 	1.15	“Key Employee” shall mean an Employee who, at any time during the 12-month period ending on the identification date (defined below), is (i) an officer of the Company
or an Affiliate having annual compensation greater than $135,000 (adjusted for inflation as described in section 416(i) of the Code), (ii) a five percent owner of the Company and its Affiliates, or (iii) a one percent owner of the Company
and its Affiliates who has annual compensation from the Company and its Affiliates greater than $150,000. The number of officers who are considered Key Employees shall be limited to 50 employees, as described in section 416(i) of the Code, and shall
exclude Employees who are nonresident aliens during the entire 12-month period ending on the identification date. The identification date shall be each December 31, and the determination of Key Employees as of such identification date shall
apply for the 12-month period following April 1 after the identification date. The determination of who is a Key Employee shall be made by the Committee or its delegate in accordance with section 416(i) of the Code, the “specified
employee” requirements of section 409A of the Code, and applicable regulations. 

  

	 	1.16	“Participant” means any Employee who satisfies the eligibility requirements set forth in Article 2 and who has an Individual Account under the Plan. In the event of the
death or incompetency of a Participant, the term shall mean his or her personal representative or guardian. 

  

	 	1.17	“Plan” means the Tube City IMS Corporation Supplemental Executive Retirement Plan, as set forth herein, as the same may be amended from time to time.

  

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	 	1.18	“Plan Year” means the calendar year. 

  

	 	1.19	“Profit Sharing Plan” means the Tube City IMS Corporation Salaried Employees 401(k) and Profit Sharing Plan 

  

	 	1.20	“Separation from Service” means a Participant’s “separation from service” with the Employer for any reason within the meaning of section 409A of the Code.

 ARTICLE 2 
 Eligibility 
  

	 	2.1	Any Employee who is a participant in the Profit Sharing Plan whose Employer Matching Contribution and/or Employer Profit Sharing Contribution under the Profit Sharing Plan is
limited by Code Section 401(a)(17) and is designated by the Board as eligible to participate in this Plan shall participate in the Plan. 

  

	 	2.2	An Employee’s participation in the Plan shall be made conditional upon the Participant’s acknowledgement, in writing or by acceptance of an Employer contribution under
this Plan pursuant to Section 3.2, that all decisions and determinations of the Committee shall be final and binding on the Participant, his or her Beneficiary(ies) and any other person having or claiming an interest under the Plan.

  

	 	2.3	Notwithstanding the above, no Participant will be eligible to receive benefits under this Plan if he or she violates the terms and conditions of any employment contract, service
contract, or any agreement relating to matters of confidentiality of the Employer or competition with the Employer, or if he is convicted of a felony or is culpable with respect to any other matter which is determined by the Board to be contrary to
the best interests of the Employer. 

 ARTICLE 3 
 Individual Account Supplement 
  

	 	3.1	The Company shall create and maintain an unfunded Individual Account for each Participant to which it shall credit the amounts described in this Article 3. Individual Accounts
maintained for Participants who are no longer eligible to participate in the Plan after December 31, 2005 shall not be credited with any future contributions under Section 3.2 below, but shall continue to be credited with interest pursuant
to Section 3.3. 

  

	 	3.2	For each Plan Year, the Employer shall credit a Participant’s Account with an amount for such Plan Year that is equal to: 

  

	 	3.2.1	 100% of the first 6% (or such other rate as may then be in effect under the Profit Sharing Plan) of the Participant’s Compensation, minus any Employer Matching
Contribution that was actually allocated to the 

  

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Participant’s account under the Profit Sharing Plan for the Plan Year (including amounts distributed or forfeited to comply with the nondiscrimination
requirements of section 401(m) of the Code and regulations issued thereunder). Notwithstanding the foregoing, in no event shall any amount be credited under this Section 3.2.1 unless and until the Participant has deferred the maximum
permissible amount under the Profit Sharing Plan. 

  

			
	 3.2.2
	 	The excess over the Employer Profit Sharing Contribution of the amount that would have been contributed to the Profit Sharing Plan, by the Employer on behalf of the Participant if it were not
for the limitations of
section 401(a)(17) of the Code.
		
	 3.2.3
	 	Subject to such reasonable rules as may be prescribed by the Committee, amounts credited to a Participant’s Individual Account under this Section 3.2 shall be credited to a
Participant’s Account as of the date(s) Employer Matching Contributions or Employer Profit Sharing Contributions, as applicable, are credited to the Participant under the Profit Sharing Plan.

  

	 	3.3	As of the last day of each calendar quarter during each Plan Year, the Company shall credit the Participant’s Individual Account with interest on the opening balance, and from
the date(s) made on any credits pursuant to Section 3.2, in the Participant’s Individual Account at the effective yield credited to a Participant’s cash balance under the IMS Plan with respect to the corresponding Plan Year.

 ARTICLE 4 
 Distributions of Benefit Supplement 
  

	 	4.1	The balance of the Participant’s Individual Account under Article 3 shall be paid in a lump sum upon a Participant’s Separation from Service. If the Participant is due an
additional credit under Section 3.2 or 3.3 to the Participant’s Individual Account in the Plan Year in which the balance of the Individual Account becomes payable hereunder, the additional credit will be paid to the Participant as soon as
it is practical to determine the amount. 

  

	 	4.2	 Hardship. At any time prior to commencement of payment of a Participant’s Individual Account, a Participant may request payment of all or a portion of
the Participant’s vested Individual Account on account of financial hardship. The decision to approve or deny such a request shall be in the absolute discretion of the Committee. Such a request shall be approved only upon a finding that the
Participant has suffered a severe financial hardship which has resulted from an illness or accident of the Participant, the Participant’s spouse, or a dependent (as defined in section 152(a) of the Code) of the Participant, loss of the
Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the Participant’s control. The hardship distribution may not exceed the amount reasonably necessary
to satisfy 

  

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the emergency need, including amounts necessary to pay income taxes or penalties reasonably anticipated to result from the distribution, after taking into
account the extent to which such hardship is or may be relieved through reimbursement or compensation by insurance or by liquidation of the Participant’s assets (to the extent the liquidation of such assets would not itself cause severe
financial hardship). In the event such a request is approved, payment of all or a portion of the Participant’s vested Individual Account, to the extent approved by the Committee, shall be made as soon as practicable to the Participant. The
Participant’s Individual Account otherwise payable hereunder shall be reduced (as determined by the Committee) to take into account such financial hardship payment. The Committee shall administer hardship distribution requests consistently with
section 409A of the Code and the regulations thereunder. 

  

	 	4.3	Delay for Key Employees. Notwithstanding any provision of the Plan to the contrary, if a Participant is a Key Employee and becomes entitled to receive a distribution on
account of Separation from Service, the distribution may not be made earlier than six months following the date of the Participant’s Separation from Service, as required by section 409A of the Code and the regulations thereunder. If
distributions are delayed pursuant to section 409A of the Code, the accumulated amounts withheld on account of section 409A of the Code shall be paid on or around the first business day after the end of the six-month period. If a Participant dies
during such six-month period, the amounts withheld on account of section 409 A of the Code shall be paid to his or her beneficiary on or around 90 days after the date of his or her death. 

  

	 	4.4	Payment Dates. Notwithstanding any provision of the Plan to the contrary, no distribution shall be made except upon a specified date or event as permitted by section 409A of
the Code and applicable regulations. If a payment is not made by the designated payment date under the Plan, taking into account the provisions of Section 4.3, the payment shall be made by December 31 of the calendar year in which the
designated payment date occurs. 

  

	 	4.5	Special Distribution Election. In accordance with procedures and in a form established by the Committee, Participants designated by the Committee as no longer eligible to
participate in the Plan after December 31, 2005 shall be permitted to make a one-time special election to accelerate distribution of the Participant’s entire Individual Account to a date in 2007; provided that such one-time special
election (i) must be made on or before December 31, 2006, (ii) may not postpone a distribution that would otherwise be made in 2006, and (iii) may not accelerate a distribution otherwise scheduled for a later year into 2006.

 ARTICLE 5 
 Death Benefit 
  

	 	5.1	 In the event of a Participant’s death prior to the payment of the Participant’s Individual Account pursuant to Article 4, the Participant’s
Beneficiary will 

  

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receive a lump sum distribution equal to the balance of the Participant’s Individual Account as of the date of the Participant’s death. If the
Participant is due any additional credit to the Participant’s Individual Account for the Plan Year in which the balance of the individual Account becomes payable hereunder, the additional credit will be paid to the Participant’s
Beneficiary as soon as practicable. 

 ARTICLE 6 
 Vesting 
  

	 	6.1	The balance of a Participant’s Individual Account shall vest in accordance with the vesting schedule set forth in the Profit Sharing Plan. 

 ARTICLE 7 
 Funding

  

	 	7.1	The Board may, but shall not be required to, authorize the establishment of a trust to serve as the funding vehicle for the benefits described herein. In any event, an
Employer’s obligations hereunder shall constitute general, unsecured obligations, payable solely out of its general assets, and no Participant shall have any right to any specific assets of the Employer. 

 ARTICLE 8 
 Administration

  

	 	8.1	The Committee shall have full power and authority to interpret the Plan, to prescribe, amend and rescind any rules, forms and procedures as it deems necessary or appropriate for the
proper administration of the Plan and to make any other determinations and to take any other such actions as it deems necessary or advisable in carrying out its duties under the Plan. All action taken by the Committee arising out of, or in
connection with, the administration of the Plan or any rules adopted thereunder, shall, in each case, lie within its sole discretion, and shall be final, conclusive and binding upon the Employer, the Board, all Participants, all Beneficiaries and
all persons and entities having an interest therein. Any action required of the Company or the Board under the Plan shall be made in the Company’s or the Board’s sole discretion, not in a fiduciary capacity, and need not be uniformly
applied to similarly situated persons. Any such action shall be final, conclusive and binding on all persons interested in the Plan. 

 ARTICLE 9 
 Amendment 
  

	 	9.1	The Board, by written resolution, shall have the right to amend or modify the Plan at any time in any manner whatsoever; provided, however, that no amendment shall operate to reduce
the amounts previously credited to a Participant’s Individual Account. 

  

 6 

 ARTICLE 10 
 Termination 
  

	 	10.1	Continuance of the Plan is completely voluntary and is not assumed as a contractual obligation of the Employer. The Board, by written resolution, shall have the right at any time to
discontinue the Plan; provided, however, that the termination shall not operate to reduce the benefit that any Participant who is participating in the Plan at the time/the termination is approved would otherwise receive hereunder. Following
termination of the Plan, Participants shall be entitled to a distribution of the vested portion of the Participant’s Individual Account if the termination and subsequent distribution satisfies the applicable requirements of Prop. Treas. Reg.
§1.409A-3(h)(2)(viii)(A), (B) or (C), or any successor final regulations thereto or other applicable guidance or regulation. 

 ARTICLE 11 
 Claims Procedure 
  

	 	11.1	Claim. A Participant or, following the Participant’s death, a Beneficiary may submit a claim for benefits under the Plan (collectively referred to in this
Section 11 as a “claimant”). Any claim for benefits under the Plan shall be made in writing to the Committee. 

  

	 	11.2	Claim Decision. In the case of a claim for benefits that is wholly or partially denied, within 90 days (or 180 days in special cases if the Committee furnishes notice of the
extension before the end of the initial 90-day period) after the claim has been filed, the Committee shall provide the claimant a written approval or denial of the claim. A notice of the denial of a claim, in whole or in part, shall set forth:

  

	 	(a)	the reason or reasons for the denial; 

  

	 	(b)	reference to the specific Plan provisions upon which the denial is based; 

  

	 	(c)	a description of any additional material needed before the claim can be considered and an explanation of why such material or information is necessary; and 

 

	 	(d)	an explanation of the claim review procedure set forth below and the time limits applicable to appeals, including a statement of the claimant’s right to bring a civil action
under section 502(a) of ERISA following an adverse benefit determination on appeal. 

  

 7 

	 	11.3	Request for Review. Within 60 days of the receipt of a notice denying a claim, the claimant or the claimant’s duly authorized representative may request, in writing, a
full review of the claim by the Committee. In connection with any such review, the claimant or the claimant’s authorized representative (i) will be provided, upon request and free of charge, reasonable access to, and copies of, all
documents, records and other information relevant to the claim for benefits and (ii) may submit issues and comments in writing to the Committee. The Committee shall make a decision within 60 days after the request for a review (or 120 days in
the event of special circumstances if the Committee furnishes notice of the extension before the end of the initial 60-day period). The Committee’s decision will be binding on all parties. A final notice of the denial of the claim on appeal, in
whole or in part, shall set forth: 

  

	 	(a)	the reason or reasons for the denial; 

  

	 	(b)	reference to the specific Plan provisions upon which the denial is based; 

  

	 	(c)	the claimant’s right to, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to the claim for benefits;
and 

  

	 	(d)	a statement of the claimant’s right to bring a civil action under section 502(a) of ERISA. 

  

	 	11.4	Exhaustion; Scope of Review. No claimant may bring an action for any alleged wrongful denial of Plan benefits in a court of law unless the claims procedures set forth above
are exhausted and a final determination is made by the Committee. If a claimant challenges a decision under this Section, a review by the court of law will be limited to the facts, evidence and issues presented during the claims procedure set forth
above. Facts and evidence that become known to the claimant after having exhausted the claims procedure must be brought to the attention of the Committee for reconsideration of the claims determination. Issues not raised during the claims procedure
shall be deemed waived. 

 ARTICLE 12 
 Miscellaneous 
  

	 	12.1	Subject to Section 2.1, nothing contained herein (a) shall be deemed to exclude a Participant from any compensation, bonus, pension, insurance, severance pay or other
benefit to which he otherwise is or might become entitled to as an Employee or (b) shall be construed as conferring upon a Participant the right to continue in the employ of the Company in any capacity. 

  

	 	12.2	Any amounts payable by the Company hereunder shall not be deemed salary or other compensation to a Participant for the purposes of computing benefits to which he may be entitled
under any other arrangements established by the Company for the benefit of its employees. 

  

 8 

	 	12.3	The rights and obligations created hereunder shall be binding on a Participant’s heirs, executors and administrators and on the successors and assigns of the Company.

  

	 	12.4	The Plan shall be construed in accordance with and governed by the laws of the State of Delaware. 

  

	 	12.5	The Plan is intended to comply with the applicable requirements of section 409A and applicable regulations, and shall be maintained and administered in accordance with section 409A
to the extent section 409A applies to the Plan. Notwithstanding anything in the Plan to the contrary, distributions from the Plan may only be made in a manner, and upon an event, permitted by section 409A and applicable regulations.

  

	 	12.6	The rights of any Participant under this Plan are personal and may not be assigned, transferred, pledged or encumbered. Any attempt to do so shall be void. 

 

	 	12.7	Neither the Company nor any member of the Board or the Committee shall be responsible or liable in any manner to any Participant, Beneficiary or any person claiming through them for
any benefit or action taken or omitted in connection with the granting of benefits, the continuation of benefits or the interpretation and administration of this Plan. 

  

 9

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