Exhibit 10 (ii)
SIXTH AMENDMENT TO THE
CURTISS-WRIGHT CORPORATION RETIREMENT PLAN
THIS AMENDMENT, dated the 1st day of April 1998, to the CURTISS-WRIGHT
CORPORATION RETIREMENT PLAN:
W I T N E S S E T H:
WHEREAS, effective May 1, 1953, CURTISS-WRIGHT CORPORATION (the
"Company") established the CURTISS-WRIGHT CONTRIBUTORY RETIREMENT PLAN (the
"Plan"); and
WHEREAS, the Plan was restated in its entirety and renamed the CURTISS-
WRIGHT CORPORATION RETIREMENT PLAN, effective September 1, 1994; and
WHEREAS, Section 12.01 of the Plan permits the Company to amend the
Plan at any time.
NOW, THEREFORE, the CURTISS-WRIGHT CORPORATION RETIREMENT PLAN shall
be, and is, hereby amended as follows:
1. All references to the "Target Rock Corporation" will change to
"Curtiss-Wright Flow Control Corporation".
2. Subsection 9.02 (a) is hereby amended by adding the following
subparagraph after Subsection 9.02 (a) (viii):
(ix) Metal Improvement Company, Inc., Long Island Division
with respect to any such pensioner whose credited service was with the METAL
IMPROVEMENT COMPANY, INC. LONG ISLAND DIVISION with benefits commencing on or
after April 1, 1998, three dollars ($3.00) multiplied by his years of credited
service on or after April 1, 1998, for any pension payments due for months
commencing on or after April 1, 1998, credited service for vesting purposes
shall commence April 1, 1998.
3. This Sixth Amendment shall be effective April 1, 1998.
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IN WITNESS WHEREOF, the Curtiss-Wright Corporation Retirement Plan
Committee hereby RESOLVES that the foregoing amendment be and hereby is adopted.
ATTEST:
CURTISS-WRIGHT CORPORATION
RETIREMENT PLAN COMMITTEE
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Dana M. Taylor, Jr., Secretary
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SEVENTH AMENDMENT TO THE
CURTISS-WRIGHT CORPORATION RETIREMENT PLAN
THIS AMENDMENT, dated the 29th day of April 1998, to the CURTISS-WRIGHT
CORPORATION RETIREMENT PLAN:
W I T N E S S E T H:
WHEREAS, effective May 1, 1953, CURTISS-WRIGHT CORPORATION (the
"Company") established the CURTISS-WRIGHT CONTRIBUTORY RETIREMENT PLAN (the
"Plan"); and
WHEREAS, the Plan was restated in its entirety and renamed the CURTISS-
WRIGHT CORPORATION RETIREMENT PLAN, effective September 1, 1994; and
WHEREAS, the Plan as so restated had several paragraphs out of order;
NOW, THEREFORE, so as to correct the said out-of-order condition, the
CURTISS-WRIGHT CORPORATION RETIREMENT PLAN shall be, and is, hereby amended as
follows:
1. Article 9.02 Subsections (b) Early Retirement and (c) Total and
Permanent Disability Retirement in their entirety are moved to follow Subsection
9.02 (a) (ix).
IN WITNESS WHEREOF, the Curtiss-Wright Corporation Retirement Plan
Committee hereby RESOLVES that the foregoing amendment be and hereby is adopted.
ATTEST:
CURTISS-WRIGHT CORPORATION
RETIREMENT PLAN COMMITTEE
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Dana M. Taylor, Jr., Secretary
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EIGHTH AMENDMENT TO THE
CURTISS-WRIGHT CORPORATION RETIREMENT PLAN
THIS AMENDMENT, dated the 30th day of April 1998, to the CURTISS-WRIGHT
CORPORATION RETIREMENT PLAN:
W I T N E S S E T H:
WHEREAS, effective May 1, 1953, CURTISS-WRIGHT CORPORATION (the
"Company") established the CURTISS-WRIGHT CONTRIBUTORY RETIREMENT PLAN (the
"Plan"); and
WHEREAS, the Plan was restated in its entirety and renamed the CURTISS-
WRIGHT CORPORATION RETIREMENT PLAN, effective September 1, 1994; and
WHEREAS, Section 12.01 of the Plan permits the Company to amend the
Plan at any time.
NOW, THEREFORE, the CURTISS-WRIGHT CORPORATION RETIREMENT PLAN shall
be, and is, hereby amended as follows:
1. Subsection 1.13 is hereby amended by adding the following
subparagraph:
"(e) Notwithstanding any provision in this Plan to the
contrary, for purposes of determining Credited Service, an Employee hired on
April 30, 1998 whose immediate prior service was with the Alpha Heat Treaters
Division of Alpha-Beta Industries, Inc. shall have Credited Service computed
from April 30, 1998."
2. Subsection 1.46 is hereby amended by adding the following
subparagraph:
"For periods of employment of an Employee hired on April 30,
1998 who, immediately prior thereto was employed with the Alpha Heat Treaters
Division of Alpha- Beta Industries, Inc. such prior service, shall be included
in the calculation of Vesting Years of Service, as herein defined."
3. Subsection 2.01 is hereby amended by adding the following paragraph:
"(d) Any Employee hired on April 30, 1998 whose immediate
prior service was with Alpha-Beta Industries shall be eligible to participate in
the Plan as of the Entry Date coinciding with or next following the date he or
she completes his or her Year of Eligibility Service, which Year of Eligibility
Service shall include all full time service at Alpha-Beta Industries and shall
remain eligible so long as he or she continues to satisfy the eligibility
requirements in sub-paragraphs (b) (i) and (ii) above."
4. This Eighth Amendment shall be effective April 30, 1998.
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IN WITNESS WHEREOF, the Curtiss-Wright Corporation Retirement Plan
Committee hereby RESOLVES that the foregoing amendment be and hereby is adopted.
ATTEST:
CURTISS-WRIGHT CORPORATION
RETIREMENT PLAN COMMITTEE
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Dana M. Taylor, Jr., Secretary
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NINTH AMENDMENT TO THE
CURTISS-WRIGHT CORPORATION RETIREMENT PLAN
AMENDMENT, made this 30th day of June 1998, to the CURTISS-WRIGHT CORPORATION
RETIREMENT PLAN (hereinafter called the "Plan"):
WITNESSETH:
WHEREAS, CURTISS-WRIGHT CORPORATION (hereinafter called the "Company") adopted a
defined benefit retirement plan for the Company's employees; and
WHEREAS, the Company has decided to amend the Plan; and
WHEREAS, Article 12 of the Plan permits the Company to amend the Plan from time
to time.
NOW, THEREFORE, the CURTISS-WRIGHT CORPORATION RETIREMENT PLAN shall be and is
hereby amended as follows:
1. Section 6.01 is amended by adding the following paragraph (c) at the end
thereof:
"(c) In addition to the benefit described in Section 4.02 and
paragraphs (a) and (b) of this Section 6.01, the Normal
Retirement Benefit of certain participants shall be increased.
Participants described in Part A of Schedule I shall receive
the increase set forth in subparagraphs (i) through (iii)
herein. Participants described in Part B of Schedule I shall
receive the increase set forth in subparagraph (iv) herein,
adjusted for optional form of payment as provided in Section
7.02.
(i) The benefit described in Section 6.01(a) shall be
increased by the sum of (A) and (B) below:
(A) the applicable factor in Schedule I
multiplied by the employer accrued benefit
under Section 6.01(a) as of the date of
determination, but in no event later than
December 31, 2000,
(B) the applicable factor in Schedule I
multiplied by the employer accrued benefit
under Section 6.01(a) as of the date of
determination, but in no event later than
December 31, 2000, multiplied by a
Participant's Years of Credited Service
after December 31, 1997 and before January
1, 2001.
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(ii) The benefit described in Section 6.01(b) shall be
increased by the sum of (A) and (B) below:
(A) the product of the applicable factor in
Schedule I, multiplied by the fraction 10/3,
multiplied by the sum of:
(I) one and one-half percent of Average
Compensation in excess of Covered
Compensation, with Average
Compensation determined as of the
date of determination, but in no
event later than December 31, 2000,
and Covered Compensation determined
as of December 31, 1997, plus
(II) one percent of Average Compensation,
as determined in accordance with
subparagraph (I) above, up to
Covered Compensation, with Covered
Compensation determined as of
December 31, 1997.
(B) the product of the applicable factor in
Schedule I, multiplied by a Participant's
Years of Credited Service after December 31,
1997 and before January 1, 2001, multiplied
by the sum of:
(I) one and one-half percent of Average
Compensation in excess of Covered
Compensation, with Average
Compensation and Covered
Compensation determined as of the
date of determination, but in no
event later than December 31, 2000,
plus
(II) one percent of Average Compensation
up to Covered Compensation, with
Covered Compensation and Average
Compensation determined in
accordance with subparagraph (I)
above.
(iii) The benefit described in Section 4.02 shall be
increased by the sum of (A) to (D) below:
(A) the applicable factor described in Schedule
I multiplied by the Participant's Cash
Balance Account as of December 31, 1997.
(B) the applicable factor described in Schedule
I multiplied by the credit to the
Participant's Cash Balance Account for the
1998 Plan Year.
(C) the applicable factor described in Schedule
I multiplied by the credit to the
Participant's Cash Balance Account for the
1999 Plan Year.
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(D) the applicable factor described in Schedule
I multiplied by the credit to the
Participant's Cash Balance Account for the
2000 Plan Year.
(iv) The additional benefits shall be set forth in Part B of
Schedule I.
(v) In the event the limitation on Compensation in
Section 401(a)(17) of the Code is increased at any
time by statute or regulation (but not by application
of the cost-of-living adjustment factor in Section
401(a)(17)(b) of the Code), all accruals under this
section 6.01(c) shall cease as of the effective date
of said increase.
(vi) If the Internal Revenue Service, upon timely
application, determines that this Section 6.01(c)
causes the Plan to lose its tax-exempt status, then
this Ninth Amendment shall be void ab initio."
2. The Ninth Amendment shall be effective January 1, 1997, subject to
receipt of written determination from the Internal Revenue Service, that
the Plan as amended herein, continues to qualify under Section 401(a) of
the Internal Revenue Code, and the related trust remains tax-exempt
under Section 501(a) of said Code.
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