APPENDIX B
TO
COLEMAN MONTHLY SALARIED
RETIREMENT INCENTIVE SAVINGS PLAN
The following Amendments to the Coleman Monthly Salaried Retirement
Incentive Savings Plans ("MS CRISP") are made effective as of the dates
stated herein by The Coleman Company, Inc. (the "Company").
WHEREAS, the Company has reserved the right to amend the Plan; and
WHEREAS, it is desirable to make certain amendments to the Plan.
NOW, THEREFORE, the Plan shall be amended as follows:
APPENDIX B shall be added and shall read as follows:
On or about April 1, 1997, a portion of the Coleman Powermate
Employees' 401(k) Plan (the "Prior Plan") was merged into this
Plan. The prohibition against reduction or elimination of
protected benefits shall fully apply and no protected benefit
shall be reduced or eliminated except as otherwise permitted by
statute, regulation or other IRS administrative announcement. In
addition to the accounts otherwise maintained under the Plan for
Members the following additional Prior Plan accounts shall be
maintained: 401(k) account, rollover account, post-tax
contribution account, and matching account. The following
paragraphs describe the treatment of certain benefits which have
been preserved or modified in accordance with MS CRISP or
applicable law.
NORMAL FORM OF PAYMENT. The normal form of payment for the
Member's Prior Plan accounts , as well as for that portion of the
Member's accounts under this Plan which are attributable to
contributions (both Member and Employer) made with respect to the
period prior to January 1, 1999, shall be a Qualified Joint and
Survivor Annuity (as defined in the Prior Plan) and the qualified
preretirement survivor annuity, and the rules of the Prior Plan
concerning the same shall apply. The portion of the Member's
accounts under this Plan which are attributable to contributions
(both Member and Employer) made with respect to the period prior
to January 1, 1999 shall be treated, for purposes of Sections
401(a)(11) and 417 of the Code as accounts which are separate from
the portion of the Member's accounts under this Plan which are
attributable to contributions (both Member and Employer) made with
respect to the period after December 31, 1999.
HARDSHIP AND AGE 59-1/2 WITHDRAWALS. Hardship and age
59-1/2 withdrawals from the Member's accounts shall be made in
accordance with Section 6.6 of this Plan; provided, however, that:
(i) to the extent that a withdrawal is otherwise permitted
pursuant to Section 6.6 of this Plan, such withdrawal must
be made from the Member's accounts, in the following
sequence:
(A) from the Member's Prior Plan post-tax contribution
account (notwithstanding the absence of a reference
to post-tax contributions under Section 6.6),
(B) after the Prior Plan post-tax contribution account
has been depleted, from the Member's Prior Plan
rollover account (as well as from any Rollover
Contributions Account under this Plan attributable
to rollovers made with respect to the period prior
to January 1, 1999), and
(C) after the accounts referenced in clause (B) have
been depleted, from the Member's Prior Plan 401(k)
account (as well as from the Member's Before-Tax
Contributions Account attributable to contributions
made with respect to the period prior to January 1,
1999), and
(D) after the accounts referenced in clause (C) have
been depleted, from the Member's other accounts
under this Plan, but only to the extent that a
withdrawal from such other accounts is otherwise
permitted pursuant to Section 6.6 of this Plan;
(ii) to the extent that such a withdrawal is made from any of
the Member's foregoing accounts referenced under clauses
(A), (B) or (C) of the foregoing subsection (i), the normal
form of payment of any withdrawal under Section 6.6 shall
be a Qualified Joint and Survivor Annuity (as defined in
the Prior Plan), unless the Member elects to receive a lump
sum cash payment, and the rules of the Prior Plan
concerning the selection of such optional form of benefit
payment shall apply.
(iii) in determining the income tax consequences to the Member of
a withdrawal pursuant to Section 6.6 of this Plan, the
rules of Section 72(d)(2) of the Code shall apply.
VESTING. The 5-year vesting schedule set forth in Section
5.2 of the Plan shall apply in determining the vested percentage
of the Member's
Prior Plan matching and profit sharing accounts rather than the
7-year vesting currently being utilized under the
Prior Plan.
Any forfeitures arising from a Participant's accounts shall
be applied as described in Section 6.3(f) and Section 4.2 of the
Plan.
BENEFICIARY DESCRIPTION. The beneficiary of a Member's
Prior Plan accounts , as well as for that portion of the Member's
accounts under this Plan which are attributable to contributions
(both Member and Employer) made with respect to the period prior
to January 1, 1999, shall be such person or persons, or entity or
entities, designated in a written instrument filed by the Member
with the Plan Administrator. If the Member fails to file a
beneficiary description with the Plan Administrator, or if the
designated Beneficiary predeceases Member or cannot be found after
the Member's death, such accounts shall be paid to the Member's
surviving spouse; or if the Member's spouse fails to survive the
Member, such accounts shall be paid to the Member's then surviving
children, in equal shares; or if the Member's spouse and children
fail to survive the Member, such accounts shall be paid to the
Member's estate. A Member shall have the right to make a
beneficiary designation at any time during the Member's lifetime
and to change a beneficiary designation at any time and from time
to time during the Member's lifetime by filing a late beneficiary
designation with the Plan Administrator.
Notwithstanding the foregoing, in the case of a Member subject to
the qualified preretirement survivor annuity rules, the
beneficiary of that Member shall, to the extent of the qualified
preretirement survivor annuity, be the Member's spouse unless a
qualified election has been made providing otherwise.
IN WITNESS WHEREOF, the authorized officers of The Coleman Company, Inc. have
signed this document and have affixed the corporate seal, effective as of the
15 day of March, 1999.
THE COLEMAN COMPANY, INC.
ATTEST:
By /s/ Ronald R. Richter
-------------------------
Ronald R. Richter
Its Vice President and Treasurer
By /s/ Janet G. Kelley
-----------------------
Janet G. Kelley
Its Vice President and Secretary