exhibit 10. 16 teledyne technologies incorporated pension equalization / benefit restoration plan originally effective as of november 29, 1999 as amended and restated effective january 1, 2004 purpose the purpose of the teledyne technologies incorporated pension equalization / benefit restoration plan is to provide certain employees of teledyne technologies incorporated who participate in the corporation ’ s qualified pension plan with benefits and retirement income equal to that which they would have received ( i ) but for the limitations imposed on such a plan which is qualified within the meaning of section 401 ( a ) of the code by sections 401 ( a ) ( 17 ) or 415 of the internal revenue code of 1986, as amended, and ( ii ) but for participation in the teledyne technologies incorporated executive deferred compensation plan ( the “ executive deferred compensation plan ” ), by supplementing, on an unfunded basis, amounts payable under such qualified plans with amounts paid under this plan. allegheny ludlum corporation and, thereafter, allegheny teledyne incorporated ( “ ati ” ) sponsored a benefit restoration plan for several years prior to the spin off of the corporation from ati. at that time, the corporation adopted this plan, permitted each participant in the prior plan hired by the corporation to participate in this plan and credited each such person with an initial balance equal to his or her balance under the prior plan. the plan as set forth herein constitutes an amendment in its entirety of the plan, which is continued effective as of january 1, 2004. article i. definitions 1. 01 “ administrator ” shall mean the person or committee appointed by the board of directors of the corporation for such purpose under article v. 1. 02 “ code ” shall mean the internal revenue code of 1986, as the same shall be amended from time to time. 1. 03 “ corporation ” shall mean teledyne technologies incorporated, a delaware corporation. 1. 04 “ defined benefit portion ” shall mean that portion of this plan that relates to restoration of benefits under the pension plan. 1. 05 “ dcp ” shall mean the teledyne technologies incorporated executive deferred compensation plan. 1. 06 “ effective date ” is defined in article ii of the plan. 1. 07 “ employee ” shall mean any employee of the corporation. exhibit 10. 16 teledyne technologies incorporated pension equalization / benefit restoration plan originally effective as of november 29, 1999 as amended and restated effective january 1, 2004 purpose the purpose of the