EXHIBIT 10 (PAGE 1 OF 3)
TENTH AMENDMENT TO THE
CURTISS-WRIGHT CORPORATION RETIREMENT PLAN
AMENDMENT, made this 1st day of August, 2000, to the CURTISS-WRIGHT CORPORATION
RETIREMENT PLAN (hereinafter, "the Plan"):
WHEREAS, CURTISS-WRIGHT CORPORATION (herein, "the Company") adopted a restated
defined benefit plan for the Company's employees; and
WHEREAS, Article-12 of the Plan permits the Company to amend the Plan at any
time and from time to time; and
WHEREAS, the Company has decided to amend the Plan to provide for special
additional benefits for certain participants who are affected by a reduction in
force at a Company facility,
NOW, THEREFORE, the CURTISS-WRIGHT CORPORATION RETIREMENT PLAN shall be and
hereby is amended in the following respects:
1. A new Section-4.08 shall be added at the end of Article-4, which new
section shall be effective as of August 1, 2000 and shall read in its
entirety as follows:
"4.08 Supplemental Credits
(a) For each Participant employed at the Employer's
Target Rock operations and whose employment with the
Employer is terminated between August 1, 2000 and August
15, 2000, in connection with or as a result of a reduction
in force at the Target Rock operations, a supplemental
credit
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EXHIBIT 10 (PAGE 2 OF 3)
shall be added to his Escalating Annuity Benefit. The
amount of such supplemental credits shall be determined as
follows: an amount equal to the product of (i) 4/75, (ii)
his number of years of Service, and (iii) his weekly base
rate of pay, provided, however, that the number of years
of Service taken into account for this purpose shall not
be less than 4 years and shall not be greater than 24
years.
(b) For purposes of Section 4.03(b), the supplemental
credits added to a Participant's Escalating Annuity
Benefit in accordance with this section shall be treated
in the same manner as the Pay Based Credits earned by the
Participant during the year in which such supplemental
credits were added.
(c) The supplemental credits added to a Participant's
Escalating Annuity Benefit in accordance with this section
shall be payable in the same manner and under the same
conditions as amounts credited to his Escalating Annuity
Benefit under Section-4.02."
2. A new subsection (c) shall be added at the end of Section 5.02, which
new subsection shall be effective as of August 1, 2000 and shall read in
its entirety as follows: "(c) Special Provision for Reduction in Force at
Target Rock Operations. Notwithstanding any provision hereof to the
contrary, a Participant whose employment with the Employer is terminated
between August 1, 2000 and August 15, 2000, in connection with or as a
result of a reduction in force at the Target Rock operations shall be 100%
vested in his Normal Retirement Benefit and his Escalating Annuity
Benefit."
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EXHIBIT 10 (PAGE 2 OF 3)
IN WITNESS WHEREOF, and as evidence of the adoption of this Tenth Amendment, the
Company has caused the same to be executed by its duly authorized officers and
its corporate seal to be affixed hereto this 1st day of August, 2000.
ATTEST: CURTISS-WRIGHT CORPORATION
RETIREMENT PLAN COMMITTEE
Paul J. Ferdenzi, Secretary
Gary Benschip, Member
Robert A. Bosi, Member
Joyce Quinlan, Member
