<SEC-DOCUMENT>0000895456-18-000047.txt : 20181220
<SEC-HEADER>0000895456-18-000047.hdr.sgml : 20181220
<ACCEPTANCE-DATETIME>20181220160122
ACCESSION NUMBER:		0000895456-18-000047
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181220
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181220
DATE AS OF CHANGE:		20181220

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROCKY BRANDS, INC.
		CENTRAL INDEX KEY:			0000895456
		STANDARD INDUSTRIAL CLASSIFICATION:	FOOTWEAR, (NO RUBBER) [3140]
		IRS NUMBER:				311364046
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34382
		FILM NUMBER:		181246236

	BUSINESS ADDRESS:	
		STREET 1:		39 EAST CANAL STREET
		CITY:			NELSONVILLE
		STATE:			OH
		ZIP:			45764
		BUSINESS PHONE:		6147531951

	MAIL ADDRESS:	
		STREET 1:		39 EAST CANAL STREET
		CITY:			NELSONVILLE
		STATE:			OH
		ZIP:			45764

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROCKY SHOES & BOOTS INC
		DATE OF NAME CHANGE:	19950706
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>rcky-20181220x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			8-K Executive Deferred Compensation Plan and BOD
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			<font style="display: inline;font-weight:bold;font-size:14pt;">UNITED STATES</font>
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			<font style="display: inline;font-weight:bold;font-size:14pt;">SECURITIES AND EXCHANGE COMMISSION</font>
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			<font style="display: inline;font-weight:bold;">Washington, D.C. 20549</font>
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			<font style="display: inline;font-weight:bold;font-size:12pt;">CURRENT REPORT</font>
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			<font style="display: inline;font-weight:bold;font-size:12pt;">Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</font>
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			<font style="display: inline;font-weight:bold;font-size:12pt;">Date of Report (Date of earliest event reported): </font><font style="display: inline;font-size:12pt;text-decoration:underline;">December</font><font style="display: inline;font-size:12pt;text-decoration:underline;"> &nbsp;1</font><font style="display: inline;font-size:12pt;text-decoration:underline;">4</font><font style="display: inline;font-size:12pt;text-decoration:underline;">, 2018</font>
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			<font style="display: inline;font-weight:bold;font-size:24pt;text-decoration:underline;">ROCKY BRANDS, INC.</font>
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			<font style="display: inline;font-size:8pt;">(Exact name of registrant as specified in its charter)</font>
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						<font style="display: inline;font-size:8pt;">(State or other jurisdiction </font><br /><font style="display: inline;font-size:8pt;">of incorporation) </font></p>
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						<font style="display: inline;font-size:8pt;">(IRS Employer</font><br /><font style="display: inline;font-size:8pt;">Identification No.)</font></p>
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			<font style="display: inline;">39 East Canal Street, Nelsonville, Ohio</font><font style="display: inline;"> 45764</font>
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			<font style="display: inline;font-size:8pt;">(Address of principal executive offices) (Zip Code)</font>
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		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">Registrant&#x2019;s telephone number, including area code: </font><font style="display: inline;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;">(740) 753-9100</font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;text-decoration:underline;">Not Applicable</font>
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		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 8pt">
			<font style="display: inline;font-size:8pt;">(Former name or former address, if changed since last report.)</font>
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			<font style="display: inline;font-weight:bold;">________________________________</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font></p>
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						<font style="display: inline;">&#x2610;</font><font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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						<font style="display: inline;">&#x2610;</font><font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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						<font style="display: inline;">&#x2610;</font><font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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			<font style="display: inline;">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this chapter).</font>
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			<font style="display: inline;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;</font><font style="display: inline;">&#x2610;</font>
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			<font style="display: inline;font-weight:bold;">Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font>
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			<font style="display: inline;font-style:italic;">(b) Resignation of Harley E. Rouda, Jr. </font>
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			<font style="display: inline;">On December 14, 2018, Harley E. Rouda, Jr. provided the Board of Directors (the &#x201C;Board&#x201D;) of Rocky Brands, Inc. (the &#x201C;Company&#x201D;) with notice of his intent to resign from his position as a member of the Board effective as of December 31, 2018. Mr. Rouda&#x2019;s decision to resign was not due to a disagreement with the Company. </font><font style="display: inline;">Mr. Rouda was recently elected to the United States House of Representatives from California&#x2019;s 48</font><font style="display: inline;font-size:5pt;vertical-align:super;line-height:100%">th</font><font style="display: inline;"> Congressional District, and his term will begin on January 3, 2019. </font><font style="display: inline;">Mr. Rouda will continue to serve as a member of the Nominating and Corporate Governance Committee until the effective date of his resignation. </font>
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			<font style="display: inline;font-style:italic;">(e) Executive Deferred Compensation Plan </font>
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			<font style="display: inline;">On December 14, 2018, the Board, upon the recommendation of its Compensation Committee, adopted the Rocky Brands, Inc. Executive Deferred Compensation Plan (the &#x201C;Plan&#x201D;), effective January 1, 2019. The Plan is an unfunded nonqualified deferred compensation plan for a select group of management or highly compensated employees, in which the principal executive officer, principal financial officer and other &#x201C;named executive officers&#x201D; are eligible to participate.</font>
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			<font style="display: inline;">Under the Plan, participants may elect to defer up to 75% of their base compensation and up to 100% of their bonuses, commissions, and other compensation, with such deferred amounts to be paid in accordance with such participant&#x2019;s elections under the Plan. In addition to elective deferrals, the Plan permits the Company to make discretionary contributions to eligible participants, provided that any participant who is employed on the last day of a plan year will receive a Company contribution equal to no less than 3% of the participant&#x2019;s base compensation and bonus earned in the plan year. Company contributions will vest in accordance with the vesting schedule determined by the Compensation Committee, except in the event of the participant&#x2019;s death, disability or retirement, in which case the contributions shall vest 100% upon such event. Participants may elect to receive payment in a lump sum cash payment or, in the event of the participant&#x2019;s retirement, in annual installments for a period of up to ten years.</font>
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			<font style="display: inline;">In the event of a participant&#x2019;s termination of employment, deferred amounts will generally be paid within 60 days following the later of the date (i) of such termination or (ii) the participant attains age 60, except where such termination is due to such participant&#x2019;s death, in which case deferred amounts will be paid to such participant&#x2019;s beneficiary within 30 days of confirmation of the participant&#x2019;s death. All payments under the Plan payable in connection with a participant&#x2019;s termination of employment will be subject, if applicable, to delay to the extent required to comply with the requirements of Internal Revenue Code Section 409A. </font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;">On or prior to December 31, 2018, eligible participants will have the opportunity to make deferral elections with respect to their 2019 compensation. Currently, there are no amounts payable to any named executive officer under the Plan. The Compensation Committee will be the administrator of the Plan.</font>
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			<font style="display: inline;">The foregoing description of the Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Plan, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 5.02.</font>
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			<font style="display: inline;font-weight:bold;">Item&nbsp;9.01 Financial Statements and Exhibits.</font>
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			<font style="display: inline;">(d) </font><font style="display: inline;text-decoration:underline;">Exhibits</font><font style="display: inline;">.</font>
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						<font style="display: inline;">Exhibit 10.1</font></p>
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						<font style="display: inline;">&nbsp;</font><a href="rcky-20181220xex10.htm" style="-sec-extract:exhibit"><font style="display: inline;">Rocky Brands, Inc. Executive Deferred Compensation Plan</font></a></p>
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			<font style="display: inline;font-weight:bold;">SIGNATURES</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">Date: December 20</font><font style="display: inline;">, 2018</font>
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						<font style="display: inline;">Rocky Brands, Inc.</font></p>
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						<font style="display: inline;">/s/ Thomas D.</font><font style="display: inline;"> Robertson</font></p>
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						<font style="display: inline;">Thomas D.</font><font style="display: inline;"> Robertson</font></p>
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						<font style="display: inline;">Executive Vice President, Chief Financial Officer</font></p>
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			Exhibit 10.1 - Rocky Brands Executive Deferred Compensation Plan
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			<font style="display: inline;font-weight:bold;font-style:italic;">Exhibit 10.1</font>

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			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;">ROCKY BRANDS</font><font style="display: inline;font-weight:bold;">, INC.</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">Executive </font><font style="display: inline;font-weight:bold;">Deferred Compensation Plan</font>
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			<font style="display: inline;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">Section 1</font>
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			<font style="display: inline;font-weight:bold;">Overview</font>
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			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 1.1.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Establishment of the Plan</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">Rocky Brands</font><font style="display: inline;color:#000000;">, Inc. (the &#x201C;Company&#x201D;)</font><a name="a990472"></a><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">hereby adopts and establishes the Rocky Brands</font><font style="display: inline;color:#000000;">, Inc. </font><font style="display: inline;color:#000000;">Executive </font><font style="display: inline;color:#000000;">Deferred Compensation Plan, ef</font><font style="display: inline;color:#000000;">fective </font><font style="display: inline;color:#000000;">January</font><font style="display: inline;color:#000000;"> 1, 20</font><font style="display: inline;color:#000000;">19</font><font style="display: inline;color:#000000;"> (the &#x201C;</font><font style="display: inline;color:#000000;">Plan&#x201D;).&nbsp;&nbsp;&nbsp; </font></p></td></tr></table></div>
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			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 1.2.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Purpose</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The primary purpose of the Plan is to </font><font style="display: inline;color:#000000;">attract and retain a talented</font><font style="display: inline;color:#000000;"> select group of management or highly compensated employees who contribute significantly to the future business success of the Company </font><font style="display: inline;color:#000000;">by providing the ability to defer base salary and bonus amounts and to provide additional retirement income upon satisfaction of service-based vesting requirements</font><font style="display: inline;color:#000000;">.&nbsp; </font></p></td></tr></table></div>
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			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 1.3.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Unfunded Top-Hat Plan</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The Company intends that the Plan be unfunded for purposes of the Code and Title I of ERISA and that it constitute a top</font><font style="display: inline;color:#000000;">&#8209;hat plan described in Section 201(2), 301(a)(3), and 401(a)(1) of ERISA.&nbsp; </font></p></td></tr></table></div>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Section 2</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Definitions</font>
		</p>
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			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 94pt 0pt 0pt;"> 2.1</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Administrator</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Administrator&#x201D; means the person, group or entity selected by the Company to administer the Plan.&nbsp;&nbsp;Unless the Company appoints another person, group or entity, the Administrator shall be </font><font style="display: inline;color:#000000;">the Committee</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
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			<p style="color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 94pt 0pt 0pt;"> 2.2</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Affiliates</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">&#x201C;Affiliate&#x201D; or &#x201C;Affiliates&#x201D; shall mean a group of entities including the Company which constitutes a controlled group of corporations (as defined in Code Section 414(b)), a group of trades or businesses (whether or not incorporated) under common control (as the defined Code Section 414(c)), and members of an affiliated service group (within the meaning of Code Section 414(m)).</font></p></td></tr></table></div>
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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 94pt 0pt 0pt;"> 2.3</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Annual Base Salary</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Annual Base Salary&#x201D; means the regular rate of compensation to be paid to the Eligible Employee for services rendered during the Plan Year excluding severance or termination </font><font style="display: inline;color:#000000;">payments, commissions, Bonuses, </font><font style="display: inline;color:#000000;">stock options, stock grants, </font><font style="display: inline;color:#000000;">long-term incentive plan </font><font style="display: inline;color:#000000;">awards and </font><font style="display: inline;color:#000000;">payments, </font><font style="display: inline;color:#000000;">payments for consulting services and such other extraordinary payments as the Administrator may determine.&nbsp; </font><font style="display: inline;color:#000000;">Notwithstanding anything to the contrary, Annual Base Salary shall include amounts deferred on a pre-tax basis under this Plan, any tax-qualified retirement plan, any Code Section 125 plan, and any other nonqualified deferred compensation plan of the Employer</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
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			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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			<p style="border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;border-top:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 94pt 0pt 0pt;"> 2.4</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Annual Deferral Amount</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Annual Deferral Amount&#x201D; means the amount of a Participant&#x2019;s Annual Base Salary</font><font style="display: inline;color:#000000;"> and Bonus</font><font style="display: inline;color:#000000;"> that the Participant irrevocably elected to defer for a Plan Year under his or her Plan Elections.</font></p></td></tr></table></div>
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		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
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			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 94pt 0pt 0pt;"> 2.5</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Beneficiary</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Beneficiary&#x201D; means the individual or individuals designated by a Participant to receive the balance of the Participant&#x2019;s</font><font style="display: inline;color:#000000;"> Participant</font><font style="display: inline;color:#000000;"> Deferral Account and Company Contribution Account in the event of the Participant&#x2019;s death before the payment of such amounts to the Participant.&nbsp;&nbsp;To be effective, any Beneficiary designation shall be filed in such manner as prescribed by the Administrator.&nbsp;&nbsp;A Participant may revoke an existing Beneficiary designation by filing another Beneficiary designation in such manner as prescribed by the Administrator.&nbsp;&nbsp;The latest beneficiary designation received by the Administrator shall be controlling.&nbsp;&nbsp;If no Beneficiary is named by a Participant or if the Participant survives all of his or her named Beneficiaries, the</font><font style="display: inline;color:#000000;"> Participant</font><font style="display: inline;color:#000000;"> Deferral Account and Company Contribution Account shall be paid to the Participant&#x2019;s estate.</font></p></td></tr></table></div>
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			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 94pt 0pt 0pt;"> 2.6</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Bonus</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Bonus&#x201D; means </font><font style="display: inline;color:#000000;">(i) </font><font style="display: inline;color:#000000;">one or more of an Eligible Employee&#x2019;s bonus or bonuses </font><font style="display: inline;color:#000000;">earned for</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">services performed during the applicable </font><font style="display: inline;color:#000000;">Plan Year under the Employer&#x2019;s </font><font style="display: inline;color:#000000;">annual </font><font style="display: inline;color:#000000;">bonus or incentive-compensation plans</font><font style="display: inline;color:#000000;"> designated by the Administrator and further specified in a </font><font style="display: inline;color:#000000;">Plan</font><font style="display: inline;color:#000000;"> Election and (ii) any signing bonus that is not yet earned, as further specified in a </font><font style="display: inline;color:#000000;">Plan</font><font style="display: inline;color:#000000;"> Election</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
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			<p style="border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 94pt 0pt 0pt;"> 2.7</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Code</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Code&#x201D; means the Internal Revenue Code of 1986, as amended.</font></p></td></tr></table></div>
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			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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			<p style="border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;border-top:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 94pt 0pt 0pt;"> 2.8</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Committee</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Committee&#x201D; means the Compensation Committee of the Board of Directors of the Company.</font></p></td></tr></table></div>
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			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 94pt 0pt 0pt;"> 2.9</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Company</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Company&#x201D; means </font><font style="display: inline;color:#000000;">Rocky Brands</font><font style="display: inline;color:#000000;">, Inc.</font></p></td></tr></table></div>
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			<p style="border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.10</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Company Contribution Account</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Company Contribution Account&#x201D; means the bookkeeping account established in the name of the Participant to hold all amounts deferred pursuant to Grants made by the Employer.</font></p></td></tr></table></div>
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			<p style="border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;border-top:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.11</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Default Date</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Default Date&#x201D; </font><font style="display: inline;color:#000000;">means the later of the Participant&#x2019;s Separation from Service or the date the Participant attains age 6</font><font style="display: inline;color:#000000;">0</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
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			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.12</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Disability</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Disability&#x201D; means </font><font style="display: inline;color:#000000;">(i) any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, which results in the Participant receiving income replacement benefits for a period of not less than 3 months under the Company&#x2019;s long-term disability plan, or (ii) a determination by the Social Security Board that the Participant is totally disabled.&nbsp; </font></p></td></tr></table></div>
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			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.13</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Early Retirement</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Early Retirement&#x201D; means Separation from Service after the Employee has reached both t</font><font style="display: inline;color:#000000;">he age of 6</font><font style="display: inline;color:#000000;">0</font><font style="display: inline;color:#000000;"> and has completed </font><font style="display: inline;color:#000000;">10</font><font style="display: inline;color:#000000;"> years of service with the Employer.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.14</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Eligible Employee</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Eligible Employee&#x201D; means a key management or highly compensated employee of an Employer who is identified as eligible to participate in th</font><font style="display: inline;color:#000000;">e Plan by the Committee</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.15</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Employer</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font><font style="display: inline;color:#000000;">&#x201C;Employer&#x201D; means the Company and any parent, subsidiary, or other </font><font style="display: inline;color:#000000;">A</font><font style="display: inline;color:#000000;">ffiliate</font><font style="display: inline;color:#000000;"> designated by the Plan Administrator to participate in this Plan, as provided under Section 9.7.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">2</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.16</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">ERISA</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;</font><font style="display: inline;color:#000000;">ERISA</font><font style="display: inline;color:#000000;">&#x201D; means the Employee Retirement Income Security Act of 1974, as amended, and any guidance promulgated thereunder.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.17</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Grant</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Grant&#x201D; means an award of deferred compensation credited to the Participant&#x2019;s Company Contribution Account at such times, in such amounts, and under such terms as determined in the </font><font style="display: inline;color:#000000;">Committee&#x2019;s</font><font style="display: inline;color:#000000;"> discretion</font><font style="display: inline;color:#000000;">; provided, however, that </font><font style="display: inline;color:#000000;">for a Participant who was employed on the last day of a Plan Year, </font><font style="display: inline;color:#000000;">in no event may a Grant for </font><font style="display: inline;color:#000000;">that</font><font style="display: inline;color:#000000;"> Plan Year be l</font><font style="display: inline;color:#000000;">ess than 3% of the Participant&#x2019;s Annual Base Salary for the Plan Year</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.18</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Grant Date</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Grant Date&#x201D; means the date that amounts are deemed to be credited to the Company Contribution Account.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.19</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Investment Options</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Investment Options&#x201D; means a list of hypothetical investments provided by the Administrator in which earnings and losses will be credited to a Participant&#x2019;s </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account and Company Contribution Account.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.20</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Normal Retirement</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Normal Retirement&#x201D; means Separation from Service after the Participant reaches age 65.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.21</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Participant</font><font style="display: inline;font-weight:bold;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp;&#x201C;Participant&#x201D; means any current or former Eligible Employee who has a </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account or Company Contribution Account, or both, under the Plan.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;border-top:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.22</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Participant Deferral Account</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Participant Deferral Account&#x201D; means the bookkeeping account established in the name of the Participant equal to the sum of the Participant&#x2019;s Annual Deferral Amounts.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.23</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">P</font><font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">erformance-Based Compensation</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;P</font><font style="display: inline;color:#000000;">erformance-Based Compensation</font><font style="display: inline;color:#000000;">&#x201D; means </font><font style="display: inline;color:#000000;">compensation the entitlement to or amount of which is contingent upon the satisfaction of pre-established organizational or individual performance criteria relating to a performance period of at least 12 consecutive months, as determined by the Administrator in accordance with Treasury Regulation Section 1.409A-1(e) and any successor guidance</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.24</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Plan</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Plan&#x201D; means the </font><font style="display: inline;color:#000000;">Rocky Brands,</font><font style="display: inline;color:#000000;"> Inc.&#x2019;s Deferred Compensation Plan, as amended from time to time.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;border-top:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.25</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Plan Elections</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Plan Elections&#x201D; means a Participant&#x2019;s elections as </font><font style="display: inline;color:#000000;">to</font><font style="display: inline;color:#000000;"> (i) the amount of Annual Base Salary </font><font style="display: inline;color:#000000;">and Bonus</font><font style="display: inline;color:#000000;"> Amounts to be deferred for a Plan Year, (ii) the time and form of payment of the Participant&#x2019;s Annual Deferral Amounts credited to the Participant&#x2019;s</font><font style="display: inline;color:#000000;"> Participant</font><font style="display: inline;color:#000000;"> Deferral Account and (if applicable) the Grants credited to the Participant&#x2019;s Company Contribution Accounts, (iii) the Investment Options, and (iv) Participant&#x2019;s Beneficiary designation.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.26</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Plan Year</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Plan Year&#x201D; means the calendar year.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">3</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.27</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Related Group</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">&#x201C;Related Group&#x201D; means the Company and all Affiliates of the </font><font style="display: inline;color:#000000;">Company</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.28</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Separation from Service</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Separation from Service&#x201D; means termination of </font><font style="display: inline;color:#000000;">services by a Participant with the Related Group, consistent with Treasury Regulation Section 1.409A-1(h) and any related guidance under Code Section 409A</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.29</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Specified Employee</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Specified Employee&#x201D; means </font><font style="display: inline;color:#000000;">any Participant who is determined to be a &#x201C;key employee&#x201D; as defined under Code Section 416(i), without regard to paragraph (5) thereof, for the applicable period, as determined by the Administrator in accordance with Treas. Reg. Section 1.409A-1(i) and any successor guidance.&nbsp;&nbsp;In determining whether a Participant is Specified Employee, the following provisions shall apply:</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-indent:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(a)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">The Administrator&#x2019;s identification of the individuals who fall within the definition of &#x201C;key employee&#x201D; under Code Section 416</font><font style="display: inline;color:#000000;">(i), without regard to paragraph (5) thereof, shall be based upon the 12-month period ending on each December 31</font><font style="display: inline;color:#000000;font-size:6pt;vertical-align:super;line-height:100%">st</font><font style="display: inline;color:#000000;"> (referred to below as the &#x201C;identification date&#x201D;).&nbsp;&nbsp;In applying the applicable provisions of Code Section 416(i) to such individuals, &#x201C;compensation&#x201D; shall be determined in </font><font style="display: inline;color:#000000;">accordance</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">with Treas. Reg. Section 1.415(c)-2(d)(3); and</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(b)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Each Participant who is among the individuals identified as a &#x201C;key employee&#x201D; in accordance with part (a) of this Section shall be treated as a Specified Employee for purposes of this Plan if such Participant experiences a Separation from Service during the 12-month period that begins on the April 1</font><font style="display: inline;color:#000000;font-size:6pt;vertical-align:super;line-height:100%">st</font><font style="display: inline;color:#000000;"> following the applicable identification date and ends March 31</font><font style="display: inline;color:#000000;font-size:6pt;vertical-align:super;line-height:100%">st</font><font style="display: inline;color:#000000;"> of the following year.</font>
		</p>
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			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 89pt 0pt 0pt;"> 2.30</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Unforeseeable Emergency</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;&#x201C;Unforeseeable Emergency&#x201D; means a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant&#x2019;s spouse, or a dependent (as defined in Code Section 152(a) without regard to Code Sections 152(b)(1), (b)(2), and (d)(1)(B)) of the Participant, loss of the Participant&#x2019;s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant.</font></p></td></tr></table></div>
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			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Section 3</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Participation and </font><font style="display: inline;font-weight:bold;color:#000000;">Plan</font><font style="display: inline;font-weight:bold;color:#000000;"> Elections</font>
		</p>
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			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 3.1</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Participation</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The </font><font style="display: inline;color:#000000;">Committee</font><font style="display: inline;color:#000000;"> shall select those Eligible Employees who may participate in the Plan.&nbsp;&nbsp;An Eligible Employee shall become a Participant in the Plan by </font><font style="display: inline;color:#000000;">completing</font><font style="display: inline;color:#000000;"> a </font><font style="display: inline;color:#000000;">Plan</font><font style="display: inline;color:#000000;"> Election or by receiving a Grant.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 3.2</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Plan Elections</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Plan Elections shall specify (1) separate elections relating to the amount of Annual Base Salary</font><font style="display: inline;color:#000000;"> and Bonus</font><font style="display: inline;color:#000000;"> Amounts that will comprise the Participant&#x2019;s Annual Deferral Amount for the Plan Year, (2) the time and form of payment of that Plan Year&#x2019;s Annual Deferral Amount </font><font style="display: inline;color:#000000;">and Grant (unless the terms of the Grant otherwise provide a time and form of payment)</font><font style="display: inline;color:#000000;">, (3) the Investment Funds that the Participant desires to be used to credit earnings (or losses) to his or her</font><font style="display: inline;color:#000000;"> Participant</font><font style="display: inline;color:#000000;"> Deferral Account and Company Contribution Account, and (4) the </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">4</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">designation of the Participant&#x2019;s Beneficiary.&nbsp; </font><font style="display: inline;color:#000000;">Payment Elections relating to Annual Deferral amounts and the time and form of payment of such Annual Deferral Amounts and any Grants for a Plan Year are </font><font style="display: inline;color:#000000;">effective only for that Plan Year.&nbsp;&nbsp;In any subsequent Plan Election, the Participant may specify </font><font style="display: inline;color:#000000;">(i) </font><font style="display: inline;color:#000000;">a different amount of Annual Base Salary</font><font style="display: inline;color:#000000;"> or</font><font style="display: inline;color:#000000;"> Bonus to be deferred (or no amount at all), </font><font style="display: inline;color:#000000;">(ii)</font><font style="display: inline;color:#000000;"> a different timing of payment for that Plan Year&#x2019;s Annual Deferral Amount</font><font style="display: inline;color:#000000;"> and Grant (unless the terms of the Grant otherwise provide a time and form of payment)</font><font style="display: inline;color:#000000;">, or </font><font style="display: inline;color:#000000;">(iii) </font><font style="display: inline;color:#000000;">both.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 3.3</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Timing of </font><font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Executi</font><font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">ng</font><font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;"> Plan</font><font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;"> Elections and Other Requirements</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">A.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Generally</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">Participants generally must execute Plan Elections no later than the last day of the calendar year preceding the Plan Year in which the services related to the Participant&#x2019;s Annual Base Salary, Bonus, </font><font style="display: inline;color:#000000;">and Grants</font><font style="display: inline;color:#000000;"> are performed.&nbsp;&nbsp;The Administrator, in its discretion, may modify the rules set forth above as permitted by Code Section 409A and any guidance issued thereunder.&nbsp;&nbsp;Subsequent changes, however, may be made in compliance with Code Section 409A.&nbsp; </font><font style="display: inline;color:#000000;">Any </font><font style="display: inline;color:#000000;">Plan</font><font style="display: inline;color:#000000;"> Election for a Plan Year made in accordance with this paragraph shall be irrevocable as of December 31 of the preceding Plan Year in which such compensation will be earned</font><font style="display: inline;color:#000000;">, except as otherwise provided in paragraphs (B) and (C) below</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 54pt;text-indent: -54pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">B.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Newly Eligible Employees</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">Notwithstanding anything in paragraph (A) above, if an Eligible Employee becomes a Participant on or after the beginning of a Plan Year, as </font><font style="display: inline;color:#000000;">determined</font><font style="display: inline;color:#000000;"> in accordance with Treasury Regulation Section 1.409A-2(a)(7)(ii) and the &#x201C;plan aggregation&#x201D; rules provided in Treasury Regulation Section 1.409A-1(c)(2), the Participant may be permitted to </font><font style="display: inline;color:#000000;">execute </font><font style="display: inline;color:#000000;">a Plan Election</font><font style="display: inline;color:#000000;"> no </font><font style="display: inline;color:#000000;">later than 30 days after the Participant first becomes eligible to participate in the Plan.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 54pt;text-indent: -54pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:-36pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Such Plan Election may apply only to </font><font style="display: inline;color:#000000;">compensation</font><font style="display: inline;color:#000000;"> earned with respect to services performed after the Plan Election</font><font style="display: inline;color:#000000;"> &nbsp;i</font><font style="display: inline;color:#000000;">s executed.&nbsp; </font><font style="display: inline;color:#000000;">If a </font><font style="display: inline;color:#000000;">Plan</font><font style="display: inline;color:#000000;"> Election made in accordance with this Section 3.3(B) relates to </font><font style="display: inline;color:#000000;">compensation</font><font style="display: inline;color:#000000;"> earned based upon a specified performance period, the amount eligible for deferral shall be equal to (i) the total amount of compensation for the performance period, multiplied by (ii) a fraction, the numerator of which is the number of days remaining in the service period after the Participant&#x2019;s </font><font style="display: inline;color:#000000;">Plan</font><font style="display: inline;color:#000000;"> Election is </font><font style="display: inline;color:#000000;">executed</font><font style="display: inline;color:#000000;">, and the denominator of which is the total number of days in the performance period.</font>
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		<p style="margin:0pt 0pt 0pt 54pt;text-indent: -54pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">C.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Performance-Based Compensation</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Subject to the limitations described below, the Administrator may determine that an irrevocable </font><font style="display: inline;color:#000000;">election to defer Bonus </font><font style="display: inline;color:#000000;">for an amount that qualifies as Performance-Based Compensation may be made by submitting a </font><font style="display: inline;color:#000000;">Plan</font><font style="display: inline;color:#000000;"> Election on or before the deadline established by the Administrator, which in no event shall be later than 6 months before the end of the performance period.&nbsp;&nbsp;In order for a Participant to be eligible to make a </font><font style="display: inline;color:#000000;">Plan</font><font style="display: inline;color:#000000;"> Election for Performance-Based </font><font style="display: inline;color:#000000;">Compensation</font><font style="display: inline;color:#000000;"> in accordance with the deadline established pursuant to this Section 3.3(C), (i) the performance criteria must relate to a performance period of at least 12 consecutive months, and (2) the Participant must have performed services continuously from the later of (i) the beginning of the </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">5</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;">performance period for such compensation, or (ii) the date upon which the performance criteria for such compensation are established, through the date upon which the Participant makes the </font><font style="display: inline;">Plan</font><font style="display: inline;"> Election for such compensation.&nbsp;&nbsp;In no event shall a </font><font style="display: inline;">Plan</font><font style="display: inline;"> Election submitted under this Section 3.3(C) be permitted to apply to any amount of Performance-Based Compensation that has become readily ascertainable.</font>
		</p>
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			<font style="display: inline;font-weight:bold;">&#xFEFF;</font>
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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 3.4</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Change of Status</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Participation in one Plan Year does not guarantee participation in any future Plan Year.&nbsp;&nbsp;If a Participant no longer meets the eligibility requirements of the Plan during a Plan Year, the Participant&#x2019;s most recent Plan Election will remain in effect for the remainder of the Plan Year and shall not terminate any earlier unless such termination of the Plan Election is required for the Plan to continue to be maintained primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees within the meaning of ERISA Section 201(2), 301(a), and 401(a)(1).</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 3.5</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Grants</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The Employer may award a Participant a Grant by crediting the amount of the Grant in the Participant&#x2019;s Company Contribution Account.&nbsp;&nbsp;The Participant&#x2019;s Company Contribution Account shall be deemed to be credited in the amounts specified in the Grant effective as of the Grant Date as determined by the Administrator.</font><font style="display: inline;color:#000000;"> &nbsp;Notwithstanding anything in this Plan to the contrary, a Participant who is actively employed on the last day of a Plan Year shall receive a Grant that is no less than 3% of the Participant&#x2019;s Annual Base Salary </font><font style="display: inline;color:#000000;">and Bonus earned for services performed during </font><font style="display: inline;color:#000000;">that Plan Year.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 3.6</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Investment Options</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;A Participant may elect the Investment Options that shall apply to the balance in both the Participant&#x2019;s</font><font style="display: inline;color:#000000;"> Participant</font><font style="display: inline;color:#000000;"> Deferral Account and Company Contribution Account.&nbsp;&nbsp;Such account balances will be deemed invested in the Investment Options elected by the Participant.&nbsp;&nbsp;The Employer shall credit earnings and losses to the Participant&#x2019;s </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account and Company Contribution Account based on the results that would have been achieved had the amounts in the</font><font style="display: inline;color:#000000;"> Participant</font><font style="display: inline;color:#000000;"> Deferral Account and Company Contribution Account been invested in the Investment Options selected by the Participant as soon as practicable after crediting as determined by the Administrator.&nbsp;&nbsp;If a Participant fails to elect Investment Options the Participant&#x2019;s </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferr</font><font style="display: inline;color:#000000;">al</font><font style="display: inline;color:#000000;"> Account and Company Contribution Account</font><font style="display: inline;color:#000000;"> shall be credited with a rate of interest determined by the Administrator.</font><font style="display: inline;color:#000000;"> &nbsp;Notwithstanding any other provision of this Plan to the contrary, a Participant&#x2019;s election of any such Investment Option, the allocation of his or her </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account or Company Contribution Account thereto, the calculation of additional amounts and the crediting or debiting of such amounts to a Participant&#x2019;s </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account or Company Contribution Account</font><font style="display: inline;color:#000000;"> shall not be considered or construed in any manner as an actual investment of his or her </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account or Company Contribution Account in any such Investment Option.&nbsp;&nbsp;In the event that amounts are invested in any or all of the investments on which the Investment Options are based, no Participant shall have any rights in or to such investments themselves.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">6</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;font-weight:bold;">Section 4</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">Accounts</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 4.1</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Participant </font><font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Deferral Accounts</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;All </font><font style="display: inline;color:#000000;">Annual Deferral A</font><font style="display: inline;color:#000000;">mounts deferred pursuant to a Participant&#x2019;s </font><font style="display: inline;color:#000000;">Plan</font><font style="display: inline;color:#000000;"> Election</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> shall be credited to the Participant&#x2019;s </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account.&nbsp; </font><font style="display: inline;color:#000000;">Each </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account shall be maintained on the books of the Company until full payment of the balance thereof has been made to the Participant (or the Participant&#x2019;s Beneficiary if the Participant is deceased) in accordance with the terms of this Plan.&nbsp;&nbsp;No funds shall be set aside or earmarked for any </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account, which shall be purely a bookkeeping device.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 4.2</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Company Contribution Accounts</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;All Employer contributions deferred </font><font style="display: inline;color:#000000;">pursuant</font><font style="display: inline;color:#000000;"> to </font><font style="display: inline;color:#000000;">Grant</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> shall be credited to the Participant&#x2019;s Company Contribution Account.&nbsp; </font><font style="display: inline;color:#000000;">Each Company Contribution Account shall be maintained on the books of the Company until full payment of the balance thereof has been made to the Participant (or the Participant&#x2019;s Beneficiary if the Participant is deceased) in accordance with the terms of this Plan.&nbsp;&nbsp;No funds shall be set aside or earmarked for any Company Contribution Account, which shall be purely a bookkeeping device.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 4.3</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Tax Withholding</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;For each Plan Year in which an Annual Deferral Amount is being withheld from a Participant, the Participant&#x2019;s Employer shall withhold from that portion of the Participant&#x2019;s </font><font style="display: inline;color:#000000;">Annual</font><font style="display: inline;color:#000000;"> Base Salary</font><font style="display: inline;color:#000000;"> or Bonus</font><font style="display: inline;color:#000000;"> that </font><font style="display: inline;color:#000000;">is</font><font style="display: inline;color:#000000;"> not being deferred, in a manner determined by the Employer, the Participant&#x2019;s share of FICA and other applicable taxes on such Annual Deferral Amount.&nbsp;&nbsp;If necessary, the Administrator may reduce the Annual Deferral Amount in order to comply with applicable tax withholding requirements.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Section 5</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Vesting</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 5.1.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Participant </font><font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Deferral Accounts</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Participants shall be fully vested at all times in the balance in their </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral </font><font style="display: inline;color:#000000;">Accounts</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 5.2.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Company</font><font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;"> Contribution Account</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Participants shall vest in the balance of their Company Contribution Accounts in accordance with a vesting schedule determined by the </font><font style="display: inline;color:#000000;">Committee</font><font style="display: inline;color:#000000;"> and specified in the terms of each particular Grant.</font><font style="display: inline;color:#000000;"> &nbsp;If the terms of a Grant do not provide for a vesting schedule, the Grant for that Plan Year shall vest in accordance with the following schedule:</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">7</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:32.4pt;">
			<tr>
				<td valign="top" style="border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-left:1pt solid #000000 ;border-top:1pt solid #000000 ;width:207.00pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Anniversary of the Grant Date</font></p>
				</td>
				<td valign="top" style="border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;border-top:1pt solid #000000 ;width:202.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Percentage of Grant That Has Become Vested</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;width:207.00pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">1</font><font style="display: inline;font-size:6pt;vertical-align:super;line-height:100%">st</font></p>
				</td>
				<td valign="top" style="border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-right:1pt solid #000000 ;width:202.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">0</font><font style="display: inline;">%</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;width:207.00pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">2</font><font style="display: inline;font-size:6pt;vertical-align:super;line-height:100%">nd</font></p>
				</td>
				<td valign="top" style="border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-right:1pt solid #000000 ;width:202.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">0</font><font style="display: inline;">%</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;width:207.00pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">3</font><font style="display: inline;font-size:6pt;vertical-align:super;line-height:100%">rd</font></p>
				</td>
				<td valign="top" style="border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-right:1pt solid #000000 ;width:202.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">20</font><font style="display: inline;">%</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;width:207.00pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">4</font><font style="display: inline;font-size:6pt;vertical-align:super;line-height:100%">th</font></p>
				</td>
				<td valign="top" style="border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-right:1pt solid #000000 ;width:202.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">40</font><font style="display: inline;">%</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;width:207.00pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">5</font><font style="display: inline;font-size:6pt;vertical-align:super;line-height:100%">th</font></p>
				</td>
				<td valign="top" style="border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-right:1pt solid #000000 ;width:202.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">60</font><font style="display: inline;">%</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;width:207.00pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">6</font><font style="display: inline;font-size:6pt;vertical-align:super;line-height:100%">th</font></p>
				</td>
				<td valign="top" style="border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;border-right:1pt solid #000000 ;width:202.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">80</font><font style="display: inline;">%</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt solid #000000 ;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;width:207.00pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">7</font><font style="display: inline;font-size:6pt;vertical-align:super;line-height:100%">th</font></p>
				</td>
				<td valign="top" style="border-left:1pt solid #000000 ;border-top:1pt solid #000000 ;border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;width:202.50pt;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">100</font><font style="display: inline;">%</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 5.3.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Accelerated Vesting</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Except as otherwise provided in the terms of a Grant, Participants shall </font><font style="display: inline;color:#000000;">become</font><font style="display: inline;color:#000000;"> 100% vested in all amounts in their Company Contribution Accounts upon termination of employment due to death, Disability, </font><font style="display: inline;color:#000000;">Normal </font><font style="display: inline;color:#000000;">Retirement, or Early Retirement.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Section 6</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Payment</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 6.1.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Distribution Events Generally</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Except as otherwise provided in the terms of a Grant, Participants generally will not be entitled to receive a distribution of their </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account </font><font style="display: inline;color:#000000;">balances </font><font style="display: inline;color:#000000;">and the vested </font><font style="display: inline;color:#000000;">portion of their</font><font style="display: inline;color:#000000;"> Company Contribution Account balances until </font><font style="display: inline;color:#000000;">the Default Date</font><font style="display: inline;color:#000000;"> or, if earlier, (i) upon a specified date, as designated by the Participant in a Plan Election</font><font style="display: inline;color:#000000;"> with respect to Annual Deferral Amounts or as designated by the Employer in a Grant</font><font style="display: inline;color:#000000;">, (ii) an Unforeseeable Emergency, or (iii) death.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 6.2.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Form of Payment</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Benefits shall be paid to the Participant in the manner set forth by the Participant in his or her Plan Election.&nbsp;&nbsp;The Participant may select any one of the following methods of payment from his or her </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account Balance and, to the extent </font><font style="display: inline;color:#000000;">not otherwise set forth</font><font style="display: inline;color:#000000;"> in the terms of a Grant, from his or her Company Contribution Account balance:</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (a)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">Lump sum; or</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (b)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">In the event of the Participant&#x2019;s Separation from Service due to Early Retirement or Normal Retirement, annual installments for a specified number of years, as approved by the Administrator.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">In the event that a Participant does not elect a form of payment, distribution shall be made in a lump sum.&nbsp;&nbsp;In the event that a Participant elects to receive annual installments, the amount of each annual payment shall be calculated by multiplying the balance of the Participant&#x2019;s </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account and Company Contribution Account by a fraction.&nbsp;&nbsp;The numerator of the fraction shall be one, and the denominator shall be equal to the remaining number of payments due to the Participant.&nbsp;&nbsp;The Participant's </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account and Company Contribution Account shall continue to be credited with earnings and losses until the final installment is paid to the Participant.&nbsp;&nbsp;Such crediting of earnings and losses may cause each installment to differ in amount from the other installment payments.&nbsp;&nbsp;If a Participant has elected to receive annual installments </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">8</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;">but incurs a Separation from Service for reasons other than Early Retirement or Normal Retirement, or incurs an earlier distribution trigger, the Participant (or in the event of the Participant&#x2019;s death, his or her Beneficiary), shall receive payment in the form of a lump sum.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 6.3.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Commencement of Payment After Separation from Service</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Except as otherwise provided in the terms of a Grant, payment that is triggered by Separation from Service shall commence as soon as administratively practicable</font><font style="display: inline;color:#000000;">, but in no event later than 60 days,</font><font style="display: inline;color:#000000;"> after the date of Separation from Service</font><font style="display: inline;color:#000000;">; provided, however, that if the Participant&#x2019;s termination occurs before the Default Date, payment shall commence as soon as administratively practicable, but in no event later than 60 days, after the Default Date (except as otherwise provided in Section 6.1)</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">Notwithstanding anything in this Plan or in the terms of a Grant to the contrary, if the Participant is a Specified Employee, payment that is triggered by Separation from Service</font><font style="display: inline;color:#000000;"> that occurs after the Default Date</font><font style="display: inline;color:#000000;"> shall commence as soon as administratively practicable</font><font style="display: inline;color:#000000;">, but in no event later than 60 days,</font><font style="display: inline;color:#000000;"> after </font><font style="display: inline;color:#000000;">the date that is 6 months after the date of the Participant&#x2019;s Separation from Service</font><font style="display: inline;color:#000000;">, unless Separation from Service is due to death, in which case payment generally shall be made to the Beneficiary at the time provided under Section 6.8 of this Plan</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 6.4.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Commencement of In-Service Distributions</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;A Participant may elect to schedule distribution on a specified date by electing to receive distribution of his or her Annual Deferral Amount credited to the </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account for an applicable Plan Year </font><font style="display: inline;color:#000000;">(but not any</font><font style="display: inline;color:#000000;"> Grant credited to the Company Contribution Account for an applicable Plan Year</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;">, in any year that is on or after the </font><font style="display: inline;color:#000000;">3</font><font style="display: inline;color:#000000;font-size:6pt;vertical-align:super;line-height:100%">rd</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;"> anniversary of the date in which an applicable Plan Election is effective.&nbsp;&nbsp;Commencement of such in-service distributions shall occur on or as soon as administrati</font><font style="display: inline;color:#000000;">vely practicable after the January 1</font><font style="display: inline;color:#000000;font-size:6pt;vertical-align:super;line-height:100%">st</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">following the date </font><font style="display: inline;color:#000000;">described</font><font style="display: inline;color:#000000;"> above and as designated by the Participant in his or her Plan Election, but in no event later than 60 days following</font><font style="display: inline;color:#000000;"> such January 1</font><font style="display: inline;color:#000000;font-size:6pt;vertical-align:super;line-height:100%">st</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 6.5.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Modifying Payment</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;With respect to Annual Deferral Amounts </font><font style="display: inline;color:#000000;">and Grants</font><font style="display: inline;color:#000000;">, the Administrator, in its discretion, may allow a Participant to modify his or her election as to the form of distribution of such amounts, if (1) such election does not take effect until at least 12 months after the date on which the election is made, (2) the first payment with respect to which such election is made is deferred for a period of not less than 5 years from the date on which such payment would otherwise have been made, and (3) such election is made at least 12 months before the date that distribution of the Participant's applicable </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account or Company Contribution Account balance otherwise would have commenced.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 6.6.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Precedence of Distributions and Payment Elections</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;In the event that a Participant has a Separation from Service or other event that triggers distribution of benefits under the Plan, all amounts subject to an in-service distribution shall be paid in accordance with the other applicable provisions of the Plan and not in accordance with a Participant&#x2019;s election to schedule payment on a specified date.&nbsp;&nbsp;If, however, a Participant made an election to postpone a distribution on a scheduled date, and the Participant experiences a Separation from Service, distribution will be made on the postponed scheduled date and not upon Separation from Service.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 6.7.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Unforeseeable Emergency</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Notwithstanding any provisions in the Plan or any Agreement to the contrary, a Participant may elect to receive a distribution from his or her </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">9</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account and Company Contribution Account in conjunction with an Unforeseeable Emergency, subject to the following conditions:</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (a)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">The election to receive a distribution shall be made by requesting such a distribution in writing to the Administrator, including the amount requested and a description of the need for the distribution;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (b)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">The Administrator shall make a determination, in its sole discretion, that the requested distribution is on account of an Unforeseeable Emergency; and</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (c)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">The Unforeseeable Emergency cannot be relieved (a) through reimbursement or compensation by insurance or otherwise or (b) by liquidation of the Participant&#x2019;s assets to the extent the liquidation of such assets would not itself cause severe financial hardship.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">A payment on account of an Unforeseeable Emergency shall not be in excess of the amount needed to relieve such Unforeseeable Emergency and shall be made in a lump sum as soon as practicable following the date on which the Administrator approves such payment.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 6.8.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Payment Upon Death</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Within 30 days after satisfactory confirmation of the Participant's death, payment shall be made to the Participant's Beneficiary in a lump sum.&nbsp;&nbsp;If the Participant has not designated a Beneficiary, or if the Beneficiary has not survived the Participant, the Participant's Account balance shall be paid to the Participant's estate in a lump sum.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 6.9.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Automatic Cash-Out</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;In the event a Participant&#x2019;s </font><font style="display: inline;color:#000000;">Participant </font><font style="display: inline;color:#000000;">Deferral Account balance or Company Contribution Account balance at the time distribution begins, or following a distribution or an installment payment, is </font><font style="display: inline;color:#000000;">two times the limit specified under Code Section 402(g)</font><font style="display: inline;color:#000000;"> or less, that applicable account balance shall be paid to the Participant or his Beneficiary in a lump sum on the next annual installment distribution date notwithstanding any form of benefit payment elected by the Participant.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 14pt 0pt 0pt;"> 6.10.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Withholding of Taxes</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The Employer shall withhold any applicable federal, state or local income tax from such payments due under the Plan.&nbsp;&nbsp;The Employer also may withhold Social Security, Medicare, and other employment taxes necessary to comply with applicable laws.&nbsp;&nbsp;If the Participant owes any amounts to an Employer, the Employer may withhold such amounts from payments due under the Plan.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">10</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;font-weight:bold;">Section 7</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">Claims Procedure</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 7.1.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Making a</font><font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;"> Claim</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Any Participant or Beneficiary of a deceased Participant (such Participant or Beneficiary being referred to below as a &#x201C;Claimant&#x201D;) may deliver to the </font><font style="display: inline;color:#000000;">Administrator</font><font style="display: inline;color:#000000;"> a written claim for a determination with respect to the amounts distributable to such Claimant from the Plan.&nbsp;&nbsp;If such a claim relates to the contents of a notice received by the Claimant, the claim must be made within 60 days after such notice was received by the Claimant.&nbsp;&nbsp;All other claims must be made within 180 days of the date on which the event that caused the claim to arise occurred.&nbsp;&nbsp;The claim must state with particularity the determination desired by the Claimant.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 7.2.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Administrator&#x2019;s Consideration of a Claim</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The Administrator shall consider a Claimant's claim within a reasonable time, but no later than 90 days after receiving the claim.&nbsp;&nbsp;If the Administrator determines that special circumstances require an extension of time for processing the claim, written notice of the extension shall be furnished to the Claimant prior to the termination of the initial 90 day period.&nbsp;&nbsp;In no event shall such extension exceed a period of 90 days from the end of the initial period.&nbsp;&nbsp;The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Administrator expects to render the benefit determination.&nbsp;&nbsp;The Administrator shall notify the Claimant in writing:</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(</font><font style="display: inline;color:#000000;">a</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 29.4pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">that the Claimant's requested determination has been made, and that the claim has been allowed in full; or</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(b</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">that the Administrator has reached a conclusion contrary, in whole or in part, to the Claimant's requested determination, and such notice must set forth in a manner calculated to be understood by the Claimant:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (1)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">the specific reason(s) for the denial of the claim, or any part of it;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (2)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">specific reference(s) to pertinent provisions of the Plan upon which such denial was based;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (3)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">a description of any additional material or information necessary for the Claimant to perfect the claim, and an explanation of why such material or information is necessary;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (4)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">an explanation of the claim review procedure set forth in Sections&nbsp;7.3 and 7.4 below; and</font><font style="display: inline;color:#000000;">,</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (5)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">a statement of the Claimant&#x2019;s right to bring a civil action under ERISA Section 502(a) following an adverse benefit determination on review.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 7.3.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Appeal of Claim</font><font style="display: inline;color:#000000;">. &nbsp;</font><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">On or before 60&nbsp;days after receiving a notice from the Administrator that a claim has been denied, in whole or in part, a Claimant (or the Claimant's duly authorized representative) may file with the Administrator a written request for a review of the denial of the claim.&nbsp;&nbsp;The Claimant (or the Claimant's duly authorized representative):</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">11</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:4pt;"><p style="width:4pt;font-size:0pt;"></p></td><td valign="top" align="right" style="width: 50.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;">(a)</font>
			</p>
		</td><td style="width:18pt;"><p style="width:18pt;width:18pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">may, upon request and free of charge, have reasonable access to, and copies of, all documents, records, and other information relevant to the claim for benefits;</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:4pt;"><p style="width:4pt;font-size:0pt;"></p></td><td valign="top" align="right" style="width: 50.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;">(b)</font>
			</p>
		</td><td style="width:18pt;"><p style="width:18pt;width:18pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">may submit written comments or other documents; and/or</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:4pt;"><p style="width:4pt;font-size:0pt;"></p></td><td valign="top" align="right" style="width: 50.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;">(c)</font>
			</p>
		</td><td style="width:18pt;"><p style="width:18pt;width:18pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">may request a hearing, which the Administrator, in its sole discretion, may grant.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 7.4.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Review of Claim Appeal</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The Administrator shall render its decision on review promptly, and no later than 60 days after the Administrator receives the Claimant&#x2019;s written request for a review of the denial of the claim.&nbsp;&nbsp;If the Administrator determines that special circumstances require an extension of time for processing the claim, written notice of the extension shall be furnished to the Claimant prior to the termination of the initial 60 day period.&nbsp;&nbsp;In no event shall such extension exceed a period of 60 days from the end of the initial period.&nbsp;&nbsp;The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Administrator expects to render the benefit determination.&nbsp;&nbsp;In rendering its decision, the Administrator shall take into account all comments, documents, records, and other information submitted by the Claimant relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination.&nbsp;&nbsp;The decision must be written in a manner calculated to be understood by the Claimant, and it must contain:</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (a)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">specific reasons for the decision;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (b)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">specific reference(s) to the pertinent Plan provisions upon which the decision was based;</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (c)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of, all documents, records, and other information relevant (as defined in applicable ERISA regulations) to the Claimant&#x2019;s claim for benefits; and</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 25.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;"> (d)</font>
			</p>
		</td><td style="width:11pt;"><p style="width:11pt;width:11pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
			<font style="display: inline;color:#000000;">a statement of the Claimant&#x2019;s right to bring a civil action under ERISA Section 502(a).</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 19pt 0pt 0pt;"> 7.5.</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Exhaustion of Remedies</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;A Claimant's compliance with the foregoing provisions of this Section 7 is a mandatory prerequisite to a Claimant's right to commence any legal action with respect to any claim for benefits under this Plan.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Section 8</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Administration, </font><font style="display: inline;font-weight:bold;color:#000000;">Amendment</font><font style="display: inline;font-weight:bold;color:#000000;">,</font><font style="display: inline;font-weight:bold;color:#000000;"> and Termination</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">The Administrator shall have the 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 such administration, except as otherwise reserved to the Company or </font><font style="display: inline;color:#000000;">the Committee</font><font style="display: inline;color:#000000;"> herein.&nbsp;&nbsp;In its discretion, the Administrator may delegate to any division or department of the Company the discretionary authority to make </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">12</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;">decisions regarding Plan administration within limits and guidelines from time to time established by the Administrator.&nbsp;&nbsp;The delegated discretionary authority shall be exercised by such division or department&#x2019;s senior officer or his/her delegate.&nbsp;&nbsp;Within the scope of the delegated discretionary authority, such officer or person shall act in the place of the Administrator and his/her decisions shall be treated as decisions of the Administrator.&nbsp;&nbsp;Subject to applicable law and the provisions of the Plan, any interpretation of the provisions of the Plan and any decision on any matter within the discretion of the Administrator, and made in good faith, shall be binding on all persons.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">The Company reserves the right to amend or terminate the Plan when in the sole discretion of the </font><font style="display: inline;">Committee</font><font style="display: inline;"> such amendment or termination is deemed advisable.&nbsp;&nbsp;The Plan may be amended or terminated pursuant to a resolution or other action taken by the </font><font style="display: inline;">Committee</font><font style="display: inline;">.&nbsp;&nbsp;No amendment or termination of the Plan shall adversely affect the rights of any Participant to receive vested amounts credited to his or her</font><font style="display: inline;"> Participant</font><font style="display: inline;"> Deferral Account and his or her Company Contribution Account as of the effective date of such amendment or termination.&nbsp;&nbsp;With respect to unvested amounts, the Company may terminate the ability of Participants to vest in any unvested amounts in their </font><font style="display: inline;">Participant </font><font style="display: inline;">Deferral Accounts and Company Contribution Accounts after termination of the Plan.&nbsp;&nbsp;Upon termination of the Plan, distributions of balances in </font><font style="display: inline;">Participant </font><font style="display: inline;">Deferral Accounts and Company Contribution Accounts shall be made to Participants and Beneficiaries in the manner and at the time described under the Plan, unless the Administrators determines, in its sole discretion, that all such amounts shall be distributed upon termination of the Plan in accordance with the requirements under </font><font style="display: inline;">Code </font><font style="display: inline;">Section 409A.&nbsp;&nbsp;Upon termination of the Plan, no further deferrals shall be permitted; however, earnings, gains and losses shall continue to be credited to </font><font style="display: inline;">Participant </font><font style="display: inline;">Deferral Account and Company Contribution Account balances in accordance with the terms of the Plan until such account balances are fully distributed.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">Section 9</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">Miscellaneous</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 9.1</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Unfunded Benefits</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">If the Employer is unable to pay benefits as they become due to a Participant, the Company shall assume the obligation to pay such benefits.&nbsp;&nbsp;Notwithstanding the foregoing, t</font><font style="display: inline;color:#000000;">he right of a Participant or his or her Beneficiary to receive a distribution hereunder shall be an unsecured claim against the general assets of the Employer</font><font style="display: inline;color:#000000;"> and the Company</font><font style="display: inline;color:#000000;">, and neither the Participant nor his Beneficiary shall have any preferred rights in or against any amount credited to any</font><font style="display: inline;color:#000000;"> Participant</font><font style="display: inline;color:#000000;"> Deferral Account or Company Contribution Account or any other assets of the Employer</font><font style="display: inline;color:#000000;"> and the Company</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The Plan at all times shall be considered entirely unfunded for tax purposes.&nbsp;&nbsp;Any funds set aside by the Employer for the purpose of meeting its obligations under the Plan, including any amounts held by a trustee, shall continue for all purposes to be part of the general assets of the Employer </font><font style="display: inline;color:#000000;">or Company </font><font style="display: inline;color:#000000;">and shall be available to the Employer&#x2019;s </font><font style="display: inline;color:#000000;">and Company&#x2019;s </font><font style="display: inline;color:#000000;">general creditors in the event of the Employer&#x2019;s </font><font style="display: inline;color:#000000;">or Company&#x2019;s </font><font style="display: inline;color:#000000;">bankruptcy or insolvency.&nbsp;&nbsp;The Employer&#x2019;s </font><font style="display: inline;color:#000000;">and Company&#x2019;s </font><font style="display: inline;color:#000000;">obligation under this Plan shall be that of an unfunded and unsecured promise to pay money in the future.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 9.2</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">No Right to Employment</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;By </font><font style="display: inline;color:#000000;">participating in the Plan</font><font style="display: inline;color:#000000;">, the Participant agrees </font><font style="display: inline;color:#000000;">that t</font><font style="display: inline;color:#000000;">his Plan and any Grant made hereunder with the Participant are not intended to constitute an agreement of employment and nothing contained herein shall be construed as establishing any employment relationship with the Employer.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">13</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 9.3</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Interests Not Transferabl</font><font style="display: inline;font-weight:bold;color:#000000;">e</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;No benefit payable at any time under the Plan shall be subject in any manner to alienation, sale, transfer, assignment, pledge, attachment, or other legal process, or encumbrance of any kind; nor may such interest or right to receive a distribution be taken, either voluntarily or involuntarily for the satisfaction of the debts of, or obligations or claims against, such person.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 9.4</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Controlling Law</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The law of the State of Ohio, without regard to any State&#x2019;s choice of law principles, shall be controlling in all matters relating to the Plan to the extent not preempted by federal law.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 9.5</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Incapacity of Recipient</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;If any person entitled to a distribution under the Plan is deemed by the Employer or Administrator to be incapable of personally receiving and giving a valid receipt for such payment, then, unless and until a claim for such payment shall have been made by a duly appointed guardian or other legal representative of such person, the Employer may provide for such payment or any part thereof to be made to any other person or institution then contributing toward or providing for the care and maintenance of such person.&nbsp;&nbsp;Any such payment shall be the payment for the account of such person and a complete discharge of any liability of the Employer and the Plan with respect to the payment.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 9.6</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Compensation Matters</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;All payments due under this Plan are compensatory in nature, provided, however:</font></p></td></tr></table></div>
		<p style="margin:0pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(a)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">Not Compensation Under the </font><font style="display: inline;text-decoration:underline;color:#000000;">401(k)</font><font style="display: inline;text-decoration:underline;color:#000000;"> Plan</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">None of the payments under this Plan shall be considered compensation for the purpose of the </font><font style="display: inline;color:#000000;">Rocky Brands</font><font style="display: inline;color:#000000;">, Inc. </font><font style="display: inline;color:#000000;">401(k)</font><font style="display: inline;color:#000000;"> Plan and Trust. To the extent contributions to the </font><font style="display: inline;color:#000000;">Rocky Brands</font><font style="display: inline;color:#000000;">, Inc. </font><font style="display: inline;color:#000000;">401(k)</font><font style="display: inline;color:#000000;"> Plan and Trust or any successor plan are required with respect to any payments hereunder, the payment of such amounts to the Participant shall be reduced by the full amount of the contribution made to the said Plan with respect to the payment to the Participant hereunder; and</font>
		</p>
		<p style="margin:0pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 72pt;text-indent: -36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(b)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;color:#000000;">No Bonus </font><font style="display: inline;text-decoration:underline;color:#000000;">or </font><font style="display: inline;text-decoration:underline;color:#000000;">Long-Term Incentive</font><font style="display: inline;text-decoration:underline;color:#000000;">&nbsp;</font><font style="display: inline;text-decoration:underline;color:#000000;">Payment</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;No payments made hereunder shall be used in the calculation of any Bonus</font><font style="display: inline;color:#000000;"> or </font><font style="display: inline;color:#000000;">long-term incentive a</font><font style="display: inline;color:#000000;">mounts</font><font style="display: inline;color:#000000;"> due under an Employer&#x2019;s bonus or incentive compensation plan which may be in effect from time to time for the benefit of employees in general or for the Participant in particular.</font>
		</p>
		<p style="margin:0pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 9.7</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Participating Employers</font><font style="display: inline;color:#000000;">.&nbsp; </font><font style="display: inline;color:#000000;">If any affiliated or subsidiary entity wishes to adopt the Plan as an </font><font style="display: inline;color:#000000;">Employer</font><font style="display: inline;color:#000000;"> for the benefit of its employees, it shall execute a Participation Agreement or perform any other act as </font><font style="display: inline;color:#000000;">required</font><font style="display: inline;color:#000000;"> by the Administrator.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 9.8</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Unclaimed Benefits</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Each Participant shall keep the Employer informed of his or her current address and the current address of his or current designated beneficiary.&nbsp;&nbsp;The Employer shall not be obligated to search for the whereabouts of any person if the location of a person is not made known to the Employer.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">14</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 22pt 0pt 0pt;"> 9.9</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Severability</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;In the event that any provision of the Plan shall be held invalid or illegal for any reason, any illegality or invalidity shall not affect the remaining parts of the Plan, by the Plan shall be construed as if the illegal or invalid provision had never been inserted.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 17pt 0pt 0pt;"> 9.10</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Deduction Limitation on Benefit Payments</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp;If an Employer reasonably anticipates that the Employer&#x2019;s deduction with respect to any distribution from this Plan would be limited or eliminated by application of Code Section 162(m), then to the extent permitted by Treas. Reg. Section 1.409A-2(b)(7)(i) and any related guidance, payment shall be delayed as deemed necessary to ensure that the entire amount of any distribution from this Plan is deductible.&nbsp;&nbsp;Any amounts for which distribution is delayed under this Section shall continue to be credited/debited with additional amounts in accordance with Section 3.6 of this Plan.&nbsp;&nbsp;The delayed amounts (and any amounts credited thereon) shall be distributed to the Participant (or his or her Beneficiary in the event of the Participant&#x2019;s death) at the earliest date the Employer reasonably anticipates that the deduction of the payment of the amount will not be limited or eliminated by application of Code Section 162(m).&nbsp;&nbsp;In the event that such date is determined to be after a Participant&#x2019;s Separation from Service and the Participant to whom the payment relates is determined to be a Specified Employee, then to the extent deemed necessary to comply with Treas. Reg. Section 1.409A-3(i)(2) and any related guidance, the delayed payment shall not be made before the end of the six-month period after such Participant&#x2019;s Separation from Service.</font></p></td></tr></table></div>
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			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-weight:bold;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 17pt 0pt 0pt;"> 9.11</font>
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Compliance with Code Section 409A</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;To the extent that rights or payments under this Plan are subject to Code Section 409A, this Plan shall be interpreted and administered in compliance with the conditions of Code Section 409A and any applicable exceptions t</font><font style="display: inline;color:#000000;">he</font><font style="display: inline;color:#000000;">reto.</font><font style="display: inline;color:#000000;"> &nbsp;Each payment under this Plan shall be treated as a separate payment rather than part of a single stream of payments for purposes of Code Section 409A.&nbsp;&nbsp;In no event may any payment be accelerated or delayed except as permitted under this Plan and Code Section 409A.&nbsp;&nbsp;Any deferral or payment election that would not comply with Code Section 409A&#x2019;s requirements shall not be effective.&nbsp;&nbsp;To the extent that a provision of this Plan does not comply with Code Section 409A, such provision shall be void and without effect.&nbsp;&nbsp;Neither the Company nor any Employer represent or warrant that this Plan and any election comply with Code Section 409A, and each Participant acknowledges that he or she has had the opportunity to consult with tax and financial counsel before making elections under this Plan.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-indent:0pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;text-indent:0pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">15</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-indent:0pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:25pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;"></font><font style="display: inline;font-weight:bold;">IN WITNESS WHEREOF</font><font style="display: inline;">, the Company hereby adopts this Plan effective as of the Effective Date.</font></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;">COMPANY:</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">ROCKY BRANDS</font><font style="display: inline;font-weight:bold;">, INC.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;">_________________________________</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Name: _________________________________</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Title:&nbsp;&nbsp;&nbsp;_________________________________</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Date:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;">_________________________________</font>
		</p>
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			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">- &nbsp;</font><font style="display: inline;"></font><font style="display: inline;">16</font><font style="display: inline;"></font><font style="display: inline;">- &nbsp;</font>

		</p>

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