SEC Contract Filing

Filing Date: 2018-07-31

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>nrufy201810-kexhibit102xnr.htm
<DESCRIPTION>EXHIBIT 10.2 AMENDED AND RESTATED PRP PLAN
<TEXT>
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<div><a name="sAA917DA5E9880C8C791DDC41DB3163E8"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">AMENDED AND RESTATED</font></div><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">DEFERRED COMPENSATION PENSION RESTORATION PLAN OF</font></div><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">National Rural Utilities Cooperative Finance Corporation</font></div><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">REA#: 47260</font></div><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">(Deferred Compensation without Severance Pay)</font></div><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"></font><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;text-decoration:underline;">Intent and Construction</font><font style="font-family:inherit;font-size:10.5pt;">. This Plan is intended to be an unfunded and unsecured plan sponsored and maintained by the Cooperative primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees of the Cooperative.</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"></font><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">1.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;text-decoration:underline;">Definitions</font><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">. </font><font style="font-family:inherit;font-size:10.5pt;">In addition to terms defined in quotations in parentheticals, the following definitions shall apply for purposes of the Plan:</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">&#8220;Actuarial Equivalent&#8221;</font><font style="font-family:inherit;font-size:10.5pt;">&#32;means a benefit of equivalent present value as of the date payment commences to a stated benefit value under the Plan, determined in accordance with Section 21 of the Retirement Security Plan (&#8220;RS Plan&#8221;) (or successor provision).</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">&#8220;Beneficiary&#8221; </font><font style="font-family:inherit;font-size:10.5pt;">shall mean the beneficiary of a Participant designated pursuant to Section 8(c).</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">&#8220;Board&#8221;</font><font style="font-family:inherit;font-size:10.5pt;">&#32;means the Board of Directors of the Cooperative.</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">&#8220;Code&#8221;</font><font style="font-family:inherit;font-size:10.5pt;">&#32;means the Internal Revenue Code of 1986, as amended.</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">&#8220;</font><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">Deferred Compensation PRP</font><font style="font-family:inherit;font-size:10.5pt;">&#8221; or the &#8220;</font><font style="font-family:inherit;font-size:10.5pt;font-weight:bold;">Plan</font><font style="font-family:inherit;font-size:10.5pt;">&#8221; means this Amended and Restated Deferred Compensation Pension Restoration Plan of the Coo