MCGRAW-HILL COMPANIES INC
EX-10.16: 401(K) SAVINGS AND PROFIT SHARING SUPPLEMENT, AS AMENDED
<DOCUMENT>
<TYPE>EX-10.16
<SEQUENCE>7
<FILENAME>y50265exv10w16.htm
<DESCRIPTION>EX-10.16: 401(K) SAVINGS AND PROFIT SHARING SUPPLEMENT, AS AMENDED
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;10.16
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>THE McGRAW-HILL COMPANIES, INC.<BR>
401(k) SAVINGS AND PROFIT SHARING PLAN SUPPLEMENT</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">(Effective as of January&nbsp;1, 2008, unless otherwise provided)

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">ARTICLE I<BR>
<U>PURPOSE </U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The principal purpose of the Plan is to provide selected employees of the Employer with
retirement benefits which would have been provided as profit sharing and matching contributions
under the SPSP (a)&nbsp;were it not for the limitations imposed by Sections&nbsp;401(a)(17), 401(k) and 415
of the Code, and (b)&nbsp;if the Participant&#146;s Earnings on which matching contributions are based had
included amounts deferred under deferred compensation plans of an Employer and amounts paid under
certain severance plans of the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective January&nbsp;1, 2004, the Broadcasting EIP Supplement was merged into the McGraw-Hill SIP
Supplement and the Broadcasting ERIP Supplement was merged into the McGraw-Hill ERAP Supplement,
and, effective as of the Effective Date, the McGraw-Hill SIP Supplement, the McGraw-Hill ERAP
Supplement, the S&#038;P SIP Supplement and the S&#038;P ERAP Supplement shall be merged into the Plan, and
any benefits due to participants in the Broadcasting EIP Supplement, Broadcasting ERIP Supplement,
McGraw-Hill SIP Supplement, McGraw-Hill ERAP Supplement, S&#038;P SIP Supplement and S&#038;P ERAP Supplement
shall be paid from the Plan.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE II<BR>
<U>DEFINITIONS</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following words and phrases as used herein shall have the following meanings:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.01</u> &#147;<B><I>Account</I></B>&#148; means the Matching Contribution Account or Profit Sharing Account
established for each Participant under the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.02</u> &#147;<B><I>Appeal Reviewer</I></B>&#148; has the meaning set forth in the SPSP.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.03</u> &#147;<B><I>Benefit</I></B>&#148; means the benefit payable to a Participant or his Designated
Beneficiary under Article&nbsp;V of the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.04</u> &#147;<B><I>Board</I></B>&#148; means the Board of Directors of the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.05</u> &#147;<B><I>Broadcasting EIP Supplement</I></B>&#148; means The McGraw-Hill Broadcasting Company, Inc.
Employees&#146; Investment Plan Supplement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.06</u> &#147;<B><I>Broadcasting ERIP Supplement</I></B>&#148; means The McGraw-Hill Broadcasting Company, Inc.
Employee Retirement Income Plan Supplement.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.07</u> &#147;<B><I>Change in Control</I></B>&#148; means the first to occur of any of
the following events:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) An acquisition by any individual, entity or group (within the meaning of
Section&nbsp;13(d)(3) or 14(d)(2) of the Exchange Act) (a &#147;<I>Person</I>&#148;) of beneficial
ownership (within the meaning of Rule&nbsp;13d-3 promulgated under the Exchange Act) of
20% or more of either (1)&nbsp;the then outstanding shares of Common Stock (the
&#147;<I>Outstanding Common Stock</I>&#148;) or (2)&nbsp;the combined voting power of the then
outstanding voting securities of the Company entitled to vote generally in the
election of directors (the &#147;<I>Outstanding Voting Securities</I>&#148;); excluding, however,
the following: (1)&nbsp;any acquisition directly from the Company, other than an
acquisition by virtue of the exercise of a conversion privilege unless the security
being so converted was itself acquired directly from the Company; (2)&nbsp;any
acquisition by the Company; (3)&nbsp;any acquisition by any employee benefit plan (or
related trust) sponsored or maintained by the Company or any entity controlled by
the Company; or (4)&nbsp;any acquisition pursuant to a transaction which complies with
clauses (A), (B)&nbsp;and (C)&nbsp;of subsection (iii)&nbsp;of this Section&nbsp;2.07; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) A change in the composition of the Board such that the Directors who, as
of the Effective Date, constitute the Board (such Board shall be hereinafter
referred to as the &#147;<I>Incumbent Board</I>&#148;) cease for any reason to constitute at least a
majority of the Board; provided, however, for purposes of this Section&nbsp;2.07, that
any individual who becomes a Director subsequent to the Effective Date, whose
election, or nomination for election by the Company&#146;s shareholders, was approved by
a vote of at least a majority of those Directors who were members of the Incumbent
Board (or deemed to be such pursuant to this proviso) shall be considered as though
such Director were a member of the Incumbent Board; but, provided, further, that
any such individual whose initial assumption of office occurs as a result of either
an actual or threatened election contest (as such terms are used in Rule&nbsp;14a-11 of
Regulation&nbsp;14A promulgated under the Exchange Act) or other actual or threatened
solicitation of proxies or consents by or on behalf of a Person other than the
Board shall not be so considered as a member of the Incumbent Board; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Consummation of a reorganization, merger or consolidation or sale or
other disposition of all or substantially all of the assets of the Company
(&#147;<I>Corporate Transaction</I>&#148;); excluding, however, such a Corporate Transaction
pursuant to which (A)&nbsp;all or substantially all of the individuals and entities who
are the beneficial owners, respectively, of the Outstanding Common Stock and
Outstanding Voting Securities immediately prior to such Corporate Transaction will
beneficially own, directly or indirectly, more than 50% of, respectively, the
outstanding shares of common stock, and the combined voting power of the then
outstanding voting securities entitled to vote generally in the election of
directors, as the case may be, of the corporation resulting from such Corporate
Transaction (including, without limitation, a corporation which as a result of such
transaction owns the Company or all or substantially all of the Company&#146;s assets
either
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">directly or through one or more subsidiaries) in substantially the same
proportions as their ownership, immediately prior to such Corporate Transaction, of
the Outstanding Common Stock and Outstanding Voting Securities, as the case may be,
(B)&nbsp;no Person (other than the Company, any employee benefit plan (or related trust)
of the Company or such corporation resulting from such Corporate Transaction) will
beneficially own, directly or indirectly, 20% or more of, respectively, the
outstanding shares of common stock of the corporation resulting from such Corporate
Transaction or the combined voting power of the outstanding voting securities of
such corporation entitled to vote generally in the election of directors except to
the extent that such ownership existed prior to the Corporate Transaction, and (C)
individuals who were members of the Incumbent Board will constitute at least a
majority of the members of the board of directors of the corporation resulting from
such Corporate Transaction; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The approval by the shareholders of the Company of a complete liquidation
or dissolution of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u> SECTION 2.08</u> &#147;<B><I>Claimant</I></B>&#148; has the meaning set forth in Section&nbsp;6.01 of the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.09</u> &#147;<B><I>Code</I></B>&#148; means the Internal Revenue Code of 1986, as amended from time to time, and
the applicable rules and regulations promulgated thereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.10</u> &#147;<B><I>Committee</I></B>&#148; means the Compensation Committee of the Board.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.11</u> &#147;<B><I>Common Stock</I></B>&#148; means the common stock, $1.00 par value per share, of the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.12</u> &#147;<B><I>Company</I></B>&#148; means The McGraw-Hill Companies, Inc., a corporation organized under
the laws of the State of New York, or any successor corporation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.13</u> &#147;<B><I>Designated Beneficiary</I></B>&#148; has the meaning set forth in the SPSP.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.14</u> &#147;<B><I>Director</I></B>&#148; means an individual who is a member of the Board.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.15</u> &#147;<B><I>Earnings</I></B>&#148; means all compensation paid by the Employer to a Participant for
services rendered, including short-term incentive compensation. Earnings shall also include any
reductions in compensation made pursuant to The McGraw-Hill Companies, Inc. Flexible Spending
Account Plan, SPSP, the Transportation Benefit Program and similar plans of the Company&#146;s subsidiaries. For purposes
of the Plan, &#147;<I>Earnings</I>&#148; excludes all other executive contingent compensation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.16</u> &#147;<B><I>Effective Date</I></B>&#148; has the meaning set forth in Section&nbsp;8.08 of the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.17</u> &#147;<B><I>Election Effective Date</I></B>&#148; means (i)&nbsp;for each taxable year, January 1 of such
year, and (ii)&nbsp;for the taxable year in which the Participant commences employment with the
Employer, the date that is 30&nbsp;days following the commencement thereof.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.18</u> &#147;<B><I>Employer</I></B>&#148; means the Company and its subsidiaries.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.19</u> &#147;<B><I>Employment Termination Date</I></B>&#148; means the date of a
Participant&#146;s &#147;separation from service&#148; from the Company, as defined in Section409A(a)(2)(A)(i) of
the Code.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.20</u> &#147;<B><I>ERISA</I></B>&#148; means the Employee Retirement Income Security Act of 1974, as amended
from time to time, and the applicable rules and regulations promulgated thereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.21</u> &#147;<B><I>Exchange Act</I></B>&#148; means the Securities Exchange Act of 1934, as amended from time to
time, and the applicable rules and regulations promulgated thereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.22</u> &#147;<B><I>Extension Notice</I></B>&#148; has the meaning set forth in Section&nbsp;6.01 of the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.23</u> &#147;<B><I>Key Executive Plan</I></B>&#148; means The McGraw-Hill Companies, Inc. Key Executive
Short-Term Incentive Deferred Compensation Plan, as amended from time to time, or successor
programs thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.24</u> &#147;<B><I>Matching Contribution Account</I></B>&#148; means the matching contribution account
established for each Participant under the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.25</u> &#147;<B><I>McGraw-Hill ERAP Supplement</I></B>&#148; means The McGraw-Hill Companies, Inc. Employee
Retirement Account Plan Supplement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.26</u> &#147;<B><I>McGraw-Hill SIP Supplement</I></B>&#148; means The McGraw-Hill Companies, Inc. Savings
Incentive Plan Supplement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.27</u> &#147;<B><I>Participant</I></B>&#148; means each employee who participates in the Plan, as provided in
Article&nbsp;IV of the Plan, and includes a Severance Plan Participant.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.28</u> &#147;<B><I>Plan</I></B>&#148; means The McGraw-Hill Companies, Inc. 401(k) Savings and Profit Sharing
Plan Supplement, as amended from time to time.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.29</u> &#147;<B><I>Plan Administrator</I></B>&#148; has the meaning set forth in the SPSP.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.30</u> &#147;<B><I>Profit Sharing Account</I></B>&#148; means the profit sharing
account established for each Participant under the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.31</u> &#147;<B><I>Severance Plan</I></B>&#148; means The McGraw-Hill Companies, Inc. Management Severance Plan,
The McGraw-Hill Companies, Inc. Executive Severance Plan or The McGraw-Hill Companies, Inc. Senior
Executive Severance Plan, as amended from time to time, or successor programs thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.32</u> &#147;<B><I>Severance Plan Earnings</I></B>&#148; means the total amount of salary continuation payments
paid to a Severance Plan Participant under a Severance Plan (excluding any amount paid in a lump
sum in lieu of salary continuation).
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.33</u> &#147;<B><I>Severance Plan Participant</I></B>&#148; means a former employee of an Employer who is
entitled to remain an active participant in certain Company-sponsored plans and programs under a
Severance Plan (and who is not paid a single lump sum payment in lieu thereof).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.34</u> &#147;<B><I>SPSP</I></B>&#148; means The 401(k) Savings and Profit Sharing Plan of The McGraw-Hill
Companies, Inc. and Its Subsidiaries.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.35</u> &#147;<B><I>SPSP Stable Assets Fund</I></B>&#148; has the meaning set forth in the SPSP.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.36</u> &#147;<B><I>S&#038;P ERAP Supplement</I></B>&#148; means the Standard &#038; Poor&#146;s Employee Retirement Account
Plan Supplement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.37</u> &#147;<B><I>S&#038;P SIP Supplement</I></B>&#148; means the Standard &#038; Poor&#146;s&#146; Savings Incentive Plan
Supplement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.38</u> &#147;<B><I>Tax-Deferred Contributions</I></B>&#148; has the meaning set forth in the SPSP.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 2.39</u> &#147;<B><I>Vested Percentage</I></B>&#148; has the meaning set forth in Section&nbsp;5.04(b) of the Plan.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE III<BR>
<u>ADMINISTRATION</u>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 3.01</u> <B>Administration</B>. The Plan shall be administered by the Plan Administrator, who
shall have full authority to construe and interpret the Plan, to establish, amend and rescind rules
and regulations relating to the Plan, and to take all such actions and make all such determinations
in connection with the Plan as he may deem necessary or desirable. Subject to Article&nbsp;VI of the
Plan, decisions of the Plan Administrator shall be reviewable by the Appeal Reviewer and the
Committee. Subject to Article&nbsp;VI of the Plan, the Appeal Reviewer and the Committee shall also have
the full authority to make, amend, interpret, and enforce all appropriate rules and regulations for
the administration of the Plan and decide or resolve any and all questions, including
interpretations of the Plan, as may arise in connection with the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 3.02</u> <B>Binding Effect of Decisions</B>. Subject to Article&nbsp;VI of the Plan, the decision or
action of the Appeal Reviewer, Plan Administrator or Committee in
respect to any question arising out of or in connection with the administration,
interpretation and application of the Plan and the rules and regulations promulgated hereunder
shall be final, conclusive and binding upon all persons having any interest in the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 3.03</u> <B>Indemnification</B>. To the fullest extent permitted by law, the Appeal Reviewer, the
Plan Administrator, the Committee and the Board (and each member thereof), and any employee of the
Employer to whom fiduciary responsibilities have been delegated shall be indemnified by the Company
against any claims, and the expenses of defending against such claims, resulting from any action or
conduct relating to the administration of the Plan, except claims arising from gross negligence,
willful neglect or willful misconduct.
</DIV>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE IV<BR>
<u>PARTICIPATION</u>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 4.01</u> <B>Continuing Participants</B>. Any individual who was a participant in the McGraw-Hill
SIP Supplement, McGraw-Hill ERAP Supplement, S&#038;P SIP Supplement or S&#038;P ERAP Supplement immediately
prior to the Effective Date shall be a Participant on such date, subject to the terms and
provisions of the Plan. Each Participant&#146;s Matching Contribution Account shall be credited with the
amount earned under the McGraw-Hill SIP Supplement and the S&#038;P SIP Supplement and each
Participant&#146;s Profit Sharing Account shall be credited with the amount earned under the McGraw-Hill
ERAP Supplement and the S&#038;P ERAP Supplement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 4.02</u> <B>New Participants</B>. Any employee of the Employer (other than a Participant
described in Section&nbsp;4.01 of the Plan) who is selected by the Plan Administrator to be eligible to
participate in the Plan shall become a Participant as of the first day of the month coinciding with
or next following his selection.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE V<BR>
<u>BENEFITS</u>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 5.01</u> <B>Credits to Matching Contribution Account</B>. (a)&nbsp;As of December&nbsp;31 of the year
beginning on or after the later of (i)&nbsp;January 1 of the year in which the Participant&#146;s
participation in the Plan commenced or (ii)&nbsp;January&nbsp;1, 2008, there shall be credited to the
Participant&#146;s Matching Contribution Account an amount equal to 4<FONT style="font-size: 70%"><SUP>1</SUP></FONT>/<FONT style="font-size: 60%">2</FONT>% of the Participant&#146;s Earnings
for such year in excess of the limitation on Earnings under Section&nbsp;401(a)(17) of the Code (or any
successor provision). Notwithstanding the foregoing, no credit shall be made to the Matching
Contribution Account of a Participant for any year with respect to whom Tax-Deferred Contributions
were not made in an amount equal to the limitation on elective deferrals for such year under
Section 402(g) of the Code, unless such amount of Tax-Deferred Contributions would have been made
on the Participant&#146;s behalf in the absence of the limitations of Section&nbsp;415 of the Code (or any
successor provision thereto) or any provision of SPSP implementing such limitation. In addition, no
credit shall be made to a Participant&#146;s Matching Contribution Account with respect to (i)&nbsp;the year
in which the Participant&#146;s Employment Termination Date occurs, unless the Participant is eligible
for early or normal retirement under the
Company&#146;s Employee Retirement Plan, is terminated by an Employer through no fault of his own
or has any salary continuation installment due under a Severance Plan or (ii)&nbsp;the year after the
year in which the Participant&#146;s Employment Termination Date occurs for any reason or in which the
Participant ceases to have any salary continuation installment due under a Severance Plan, if
later.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;As of December&nbsp;31 of the year beginning on or after the later of (i)&nbsp;January 1 of the year
in which the Participant&#146;s participation in the Plan commenced or (ii)&nbsp;January&nbsp;1, 2008, there shall
be credited to the Participant&#146;s Matching Contribution Account an amount equal to 4<FONT style="font-size: 70%"><SUP>1</SUP></FONT>/<FONT style="font-size: 60%">2</FONT>% of (A)&nbsp;any
short-term incentive compensation for such year deferred by the Participant under the Company&#146;s Key
Executive Plan, and (B)&nbsp;any salary earned for such year that is deferred by the Participant under
any plan or arrangement of the Employer. Any salary or short-term incentive compensation that is
deferred by a Participant shall be excluded from Earnings in the year paid to the Participant. No
credit shall be made to a Participant&#146;s Matching Contribution Account with respect to any year
after the year in which the Participant&#146;s Employment
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Termination Date occurs or in which the Participant ceases to have any salary continuation
installment due under a Severance Plan, if later.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;There shall also be credited to the Participant&#146;s Matching Contribution Account as of
December&nbsp;31 of each such year in which Tax-Deferred Contributions on behalf of the Participant are
limited by Section&nbsp;415 of the Code (or any successor provision thereto) or any provision of SPSP
implementing such limitation, an amount equal to the difference between (i)&nbsp;the sum of (A)&nbsp;200% of
the first 3% of the Tax-Deferred Contributions and (B)&nbsp;150% of the second 3% of the Tax-Deferred
Contributions which would have been made on behalf of the Participant to SPSP for such year if
Section&nbsp;415 of the Code (or any successor provision thereto) or any such implementing provision
were disregarded, and (ii)&nbsp;the Tax-Deferred Contributions made on behalf of the Participant to SPSP
for such year. No credit shall be made to a
Participant&#146;s Matching Contribution Account with respect to (i)&nbsp;the year in which the<BR>
Participant&#146;s Employment Termination Date occurs, unless the Participant is eligible for early or
normal retirement under the Company&#146;s Employee Retirement Plan, is terminated by an Employer
through no fault of his own or has any salary continuation installment under a Severance Plan or
(ii)&nbsp;the year after the year in which the Participant&#146;s Employment Termination Date occurs for any
reason or in which the Participant ceases to have any salary continuation installment due under a
Severance Plan, if later.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;An amount shall be credited to a Severance Plan Participant&#146;s Matching Contribution
Account equal to the amount of Employer Matching Contributions that would have been credited to
such Participant&#146;s Employer Contribution Account under SPSP had the Participant made Tax-Deferred
Contributions under SPSP with respect to the Participant&#146;s Severance Plan Earnings at the rate in
effect for the period immediately prior to the Participant&#146;s Employment Termination Date. This
amount shall be credited to the Severance Plan
Participant&#146;s Matching Contribution Account at such time as it would have been credited under SPSP.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 5.02</u> <B>Credits to Profit Sharing Account</B>. (a)&nbsp;As of December&nbsp;31 of the year beginning on
or after the later of (i)&nbsp;January 1 of the year in which the Participant&#146;s participation in the
Plan commenced or (ii)&nbsp;January&nbsp;1, 2008, there shall be credited to the Participant&#146;s Profit Sharing
Account an amount equal to 5% of the sum of (A)&nbsp;the Participant&#146;s Earnings for such year in excess
of the maximum amount of compensation that may be taken into account under Section&nbsp;5.2 of the SPSP
as a result of the limitations of Section&nbsp;401(a)(17) of the Code for such year and (B)&nbsp;any
short-term incentive compensation for such year deferred by the Participant under the Company&#146;s Key
Executive Plan, and (C)&nbsp;any salary earned for such year which is deferred by the Participant under
any plan or arrangement of the Employer. Any salary or short-term incentive compensation that is
deferred by a Participant shall be excluded from Earnings in the year paid to the Participant. No
credit with respect to clause (A)&nbsp;of the preceding sentence shall be made to a Participant&#146;s Profit
Sharing Account with respect to (i)&nbsp;the year in which the Participant&#146;s Employment Termination Date
occurs, unless the Participant is eligible for early or normal retirement under the Company&#146;s
Employee Retirement Plan, is terminated by an Employer through no fault of his own or has any
salary continuation installment due under a Severance Plan, or (ii)&nbsp;the year after the year in
which the Participant&#146;s Employment Termination Date occurs for any reason or the Participant ceases
to have any salary continuation installment
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">due under a Severance Plan, if later. No credit with
respect to clause (B)&nbsp;of the first sentence of this Section shall be made to a Participant&#146;s Profit
Sharing Account with respect to any year after the year in which the Participant&#146;s Employment
Termination Date occurs or in which the Participant ceases to have any salary continuation
installment due under a Severance Plan, if later.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;An amount shall be credited to a Severance Plan Participant&#146;s Profit Sharing Account equal
to the amount that would have been credited to such Participant&#146;s account under Section&nbsp;5.2 of the
SPSP had the Participant been eligible to have an employer contribution be made to the
Participant&#146;s account under Section&nbsp;5.2 of the SPSP with respect to such Participant&#146;s Severance
Plan Earnings. This amount shall be credited to the Severance Plan Participant&#146;s Profit Sharing
Account at such time as it would have been credited under the SPSP.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 5.03</u> <B>Additional Credits to Accounts</B>. (a)&nbsp;An additional amount shall be credited to the
Participant&#146;s Accounts as of December&nbsp;31 of each year beginning on or after the later of (i)
January 1 of the year following the year in which the initial credit is made to the Account or (ii)
January&nbsp;1, 2009.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;With respect to Matching Contribution Accounts only, the additional credit shall equal the
sum of (i)&nbsp;and (ii), where (i)&nbsp;is the product of (A)&nbsp;the balance of the Matching Contribution
Account as of January l of such year, and (B)&nbsp;the annual rate of return of the SPSP Stable Assets
Fund for the year; and (ii)&nbsp;is the amount of interest that would have been credited if 1/12 of the
annual credit for the year under Section&nbsp;5.01 of the Plan had instead been credited at the end of
each calendar month in the year and each monthly credit earned interest for the remainder of the
year at an annual effective rate of return equal to the SPSP Stable Assets Fund rate for the year.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;With respect to Profit Sharing Accounts only, the additional
amount shall be equal to the product of (i)&nbsp;the balance of the Profit Sharing Account as of
January l of such year and (ii)&nbsp;the annual rate of return of the SPSP Stable Assets Funds for such
year. No additional amount shall be credited to the Participant&#146;s Profit Sharing Account for any
period after December&nbsp;31 of the year in which the Participant&#146;s Employment Termination Date occurs
or in which the Participant ceases to have any salary continuation installment due under a
Severance Plan, if later.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 5.04</u> <B>Payment of Benefit</B>. (a)&nbsp;The Benefit provided under the Plan shall consist of the
balance of the Participant&#146;s Accounts as of each applicable payment date under this Section&nbsp;5.04.
Subject to Section&nbsp;5.05 of the Plan, and except as would violate the requirements of Sections
409A(a)(2), (a)(3) and (a)(4) of the Code, payment of the Benefit to a Participant shall be made in
a lump sum, on July 1 of the calendar year following the Participant&#146;s Employment Termination Date,
and, in addition, in the case of a Severance Plan Participant, on July 1 of the subsequent calendar
year. The Benefit provided under this Article shall be paid in accordance with the preceding
sentence to the Participant&#146;s Designated Beneficiary in the event of the death of the Participant,
whether prior to or after commencement of benefits under SPSP, if such Designated Beneficiary is
entitled to benefits under the provisions of SPSP.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Notwithstanding anything contained herein to the contrary, with respect to Profit Sharing
Accounts only, a Participant who does not have five years of Continuous Service under SPSP when he
ceases to be an employee of the Employer or ceases to have any salary continuation installment due
under a Severance Plan, if later, shall forfeit the balance credited to his Profit Sharing Account
attributable to amounts earned under the McGraw-Hill ERAP Supplement and the S&#038;P ERAP Supplement
and shall be entitled only to the Vested Percentage of the remainder of his Profit Sharing Account
attributable to credits credited to his Profit Sharing Account; provided that the, in each case,
unless his Employment Termination Date occurs after his 65<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> birthday or his death. A
Participant&#146;s &#147;<I>Vested Percentage</I>&#148; shall be determined as follows:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Years of Continuous Service</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Vested Percentage</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Less than 2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2 but less than 3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">20</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">3 but less than 4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">40</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">4 but less than 5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">60</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">5 or more</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">100</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 5.05</u> <B>Payment of Benefits in Event of Change in Control</B>. In lieu of the Benefits
payable under Section&nbsp;5.04 of the Plan, in the event of a Change in Control that is also a &#147;change
in control event&#148; within the meaning of Section&nbsp;409A(a)(2)(A)(v) of the Code, each Participant who
has not received payment of the Participant&#146;s Benefit shall receive a lump sum payment immediately
upon such Change in Control equal to the Benefit to which that Participant is entitled under
Section&nbsp;5.04 of the Plan.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE VI<BR>
<u>CLAIMS PROCEDURE</u>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 6.01</u> <B>Claims</B>. In the event any person or his authorized representative (a &#147;<I>Claimant</I>&#148;)
disputes the amount of, or his entitlement to, any benefits under the Plan or their method of
payment, such Claimant shall file a claim in writing with, and on the form prescribed by, the Plan
Administrator for the benefits to which he believes he is entitled, setting forth the reason for
his claim. The Claimant shall have the opportunity to submit written comments, documents, records
and other information relating to the claim and shall be provided, upon request and free of charge,
reasonable access to and copies of all documents, records or other information relevant to the
claim. The Plan Administrator shall consider the claim and within 90&nbsp;days of receipt of such claim,
unless special circumstances exist which require an extension of the time needed to process such
claim, the Plan Administrator shall inform the Claimant of its decision with respect to the claim.
In the event of special circumstances, the response period can be extended for an additional 90
days, as long as the Claimant receives written notice advising of the special circumstances and the
date by which the Plan Administrator expects to make a determination
(the &#147;<I>Extension Notice</I>&#148;)
before the end of the initial 90-day response period indicating the reasons for the extension and
the date by which a decision is expected to be made. If the Plan Administrator denies the claim,
the Plan Administrator shall give to the Claimant (i)&nbsp;a
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">written notice setting forth the specific
reason or reasons for the denial of the claim, including references to the applicable provisions of
the Plan, (ii)&nbsp;a description of any additional material or information necessary to perfect such
claim along with an explanation of why such material or information is necessary, and (iii)
appropriate information as to the Plan&#146;s appeals procedures as set forth in Section&nbsp;6.02 of the
Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 6.02</u> <B>Appeal of Denial</B>. A Claimant whose claim is denied by the Plan Administrator and
who wishes to appeal such denial must request a review of the Plan Administrator&#146;s decision by
filing a written request with the Appeal Reviewer for such review within 60&nbsp;days after such claim
is denied. Such written request for review shall contain all relevant comments, documents, records
and additional information that the Claimant wishes the Appeal Reviewer to consider, without regard
to whether such information was submitted or considered in the initial review of the claim by the
Plan Administrator. In connection with that review, the Claimant may examine, and receive free of
charge, copies of pertinent Plan documents and submit such written comments as may be appropriate.
Written notice of the decision on review shall be furnished to the Claimant within 60&nbsp;days after
receipt by the Appeal Reviewer of a request for review. In the event of special circumstances which
require an extension of the time needed for processing, the response period can be extended for an
additional 60&nbsp;days, as long as the Claimant receives an Extension Notice. If the Appeal Reviewer
denies the claim on review, notice of the Appeal Reviewer&#146;s decision shall include (i)&nbsp;the specific
reasons for the adverse determination, (ii)&nbsp;references to applicable Plan provisions, (iii)&nbsp;a
statement that the Claimant is entitled to receive, free of charge, reasonable access to, and
copies of, all documents, records and other information relevant to the claim and (iv)&nbsp;a statement
of the Claimant&#146;s right to bring an action under Section 502(a) of ERISA following an adverse
benefit determination on a review and a description of the applicable limitations period under the
Plan. The Claimant shall be notified no later than five days after a
decision is made with respect to the appeal.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 6.03</u> <B>Statute of Limitations</B>. A Claimant wishing to seek judicial review of an adverse
benefit determination under the Plan, whether in whole or in part, must file any suit or legal
action, including, without limitation, a civil action under Section 502(a) of ERISA, within three
years of the date the final decision on the adverse benefit determination on review is issued or
should have been issued under Section&nbsp;6.02 of the Plan or lose any rights to bring such an action.
If any such judicial proceeding is undertaken, the evidence presented shall be strictly limited to
the evidence timely presented to the Plan Administrator. Notwithstanding anything in the Plan to
the contrary, a Claimant must exhaust all administrative remedies available to such Claimant under
the Plan before such Claimant may seek judicial review pursuant to Section 502(a) of ERISA.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE VII<BR>
<u>AMENDMENT AND TERMINATION OF PLAN</u>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 7.01</u> <B>Amendment and Termination</B>. The Board or the Committee or any delegate thereof may
cause the Plan to be amended at any time and from time to time, prospectively or retroactively;
<u>provided</u>, <u>however</u>, that no amendment to the Plan may be made by the Committee that materially
increases benefits to Participants. In addition, the Board may terminate the Plan in its entirety
at any time and, in connection with any such termination, may
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">pay to each Participant or
Designated Beneficiary his Benefits under the Plan, subject to and in accordance with the
requirements of Treasury Regulation&nbsp;Section&nbsp;1.409A-3(j)(4)(ix) (or any successor provision
thereto). Notwithstanding the foregoing provisions of this Section&nbsp;7.01, subject to the provisions
of Section&nbsp;7.02 of the Plan, no amendment or termination shall reduce the Benefit or rights of any
Participant except with the written consent of the Participant or other person then receiving such
Benefit.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 7.02</u> <B>Section&nbsp;409A</B>. The Plan is intended to meet the requirements of Section&nbsp;409A of
the Code and shall be interpreted and construed consistent with such intent. If, in the good faith
judgment of the Committee, any provision of the Plan could otherwise cause any person to be subject
to the interest and penalties imposed under Section&nbsp;409A of the Code, such provision shall be
modified by the Committee in its sole discretion to maintain, to the maximum extent practicable,
the original intent of the applicable provision without causing the interest and penalties under
Section&nbsp;409A of the Code to apply, and, notwithstanding any provision in the Plan to the contrary,
the Committee shall have broad authority to amend or to modify the Plan, without advance notice to
or consent by any person, to the extent necessary or desirable to ensure that no benefit under the
Plan is subject to tax under Section&nbsp;409A of the Code. Any determinations made by the Committee
under this Section&nbsp;7.02 shall be final, conclusive and binding on all persons.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE VIII<BR>
<u>MISCELLANEOUS</u>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 8.01</u> <B>Unsecured General Creditor</B>. The Plan is an unfunded
deferred compensation plan for a select group of management or highly compensated employees
within the meaning of ERISA, and shall be construed and administered accordingly. Participants and
their Beneficiaries shall have no legal or equitable rights, interest or claims in any property or
assets of the Employer. The assets of the Employer shall not be held under any trust for the
benefit of Participants or their Beneficiaries or held in any way as collateral security for the
fulfilling of the obligations of the Employer under the Plan. Any and all of the Employer&#146;s assets
shall be, and remain, the general, unpledged, unrestricted assets of the Employer. The
Employer&#146;s obligation under the Plan shall be merely that of an unfunded and unsecured promise of
the Employer to pay money in the future.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 8.02</u> <B>Nonassignability</B>. Each Participant&#146;s rights under the Plan shall be
nontransferable except by will or by the laws of descent and distribution and except insofar as
applicable law may otherwise required. Subject to the foregoing, neither a Participant nor any
other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage
or otherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if
any, payable hereunder, or any part thereof, which are, and all rights to which are, expressly
declared to be nonassignable and non-transferable. No part of the amounts payable shall, prior to
actual payment, be subject to seizure or sequestration for the payment of any debts, judgments,
alimony or separate maintenance owed by a Participant or any other person, nor be transferable by
operation of law in the event of a Participant&#146;s or any other person&#146;s bankruptcy or insolvency.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 8.03</u> <B>Conditions of Payment of Benefit</B>. Notwithstanding any provision of the Plan to
the contrary, the right of a Participant or his Designated Beneficiary to
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">receive the Benefit
otherwise payable hereunder shall cease upon the discharge of the Participant from employment with
the Employer for acts which constitute fraud, embezzlement, or dishonesty, and shall be determined
by the Appeal Reviewer in his sole discretion.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 8.04</u> <B>Not a Contract of Employment</B>. The terms and conditions of the Plan shall not be
deemed to constitute a contract of employment with the Participant, and the Participant (or his
Designated Beneficiary) shall have no rights against the Employer except as specifically provided
herein. Moreover, nothing in the Plan shall be deemed to give a Participant the right to be
retained in the service of the Employer or to interfere with the rights of the Employer to
discipline or discharge him at any time.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 8.05</u> <B>Binding Effect</B>. The Plan shall be binding upon and shall inure to the benefit of
the Participant or his Designated Beneficiary, his heirs and legal representatives, and the
Employer.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 8.06</u> <B>Withholding</B>. To the extent required by the law in effect at the time payments are
made, the Employer shall withhold from payments made hereunder any taxes or other amounts required
to be withheld for any federal, state or local government and other authorized deductions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 8.07</u> <B>Severability</B>. In the event that any provision or portion of the Plan shall be
determined to be invalid or unenforceable for any reason, the remaining
provisions and portions of the Plan shall be unaffected thereby and shall remain in full force
and effect to the fullest extent permitted by law.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 8.08</u> <B>Effective Date</B>. The Plan is effective as of January&nbsp;1, 2008 (the &#147;<I>Effective
Date</I>&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 8.09</u> <B>Governing Law</B>. The Plan shall be construed under the laws of the State of New
York, to the extent not preempted by federal law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 8.10</u> <B>Headings</B>. The section headings used in this document are for ease of reference
only and shall not be controlling with respect to the application and interpretation of the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>SECTION 8.11</u> <B>Rules of Construction</B>. Any words herein used in the masculine shall be read and
construed in the feminine where they would so apply. Words in the singular shall be read and
construed as though used in the plural in all cases where they would so apply. All references to
sections are, unless otherwise indicated, to sections of the Plan.
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