Executive Profit Sharing Plan [Amendments 2002] (2004)Full Document 

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Executive Profit Sharing Plan

(Including amendments through February 11, 2002)

1.

Key Definitions:


  “Economic Profit.” Economic Profit for the purpose of this Plan is defined as the difference between the Quarterly Net Operating Income and the Quarterly Capital Charge, as defined below.

  “Quarterly Net Operating Income.” Net Operating Income for the purpose of this Plan is defined as the consolidated operating income of the Company and its domestic and foreign subsidiaries, reduced by a charge for taxes based on the Company’s effective tax rate.

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