Dupont E I De Nemours & Co – ‘10-K’ for 12/31/02 – EX-10.7

On:  Friday, 2/28/03, at 2:18pm ET   ·   For:  12/31/02   ·   Accession #:  930413-3-634   ·   File #:  1-00815

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                        148±   641K 
 2: EX-3.1      Certificate of Incorporation                          14     46K 
 3: EX-10.7     Material Contract                                      1      7K 
 4: EX-11       Statement re: Computation of Earnings Per Share        2±    12K 
 5: EX-12       Statement re: Computation of Ratios                    2±    10K 
 6: EX-21       Subsidiaries of the Registrant                         4     19K 
 7: EX-23       Consent of Experts or Counsel                          1      8K 
 8: EX-99.1     Miscellaneous Exhibit                                  1      7K 
 9: EX-99.2     Miscellaneous Exhibit                                  1      7K 

EX-10.7   —   Material Contract

                                                                    Exhibit 10.7

E. I. DU PONT DE NEMOURS AND COMPANY

RETIREMENT INCOME PLAN FOR DIRECTORS

 AS LAST AMENDED August 1995

I. PURPOSE                                                                  

    The purpose of the Retirement Income Plan for Directors ("the Plan") is to
  maintain a compensation package that will continue to attract and retain
    persons of outstanding competence for membership on the Board of Directors
of E. I. du Pont de Nemours and Company (the "Company").              

II. ELIGIBILITY                                                               

     A Director will be eligible for benefits under this Plan if, on the date of
retirement from the Board, such director has served the Company as a  
 director for at least five years; provided, however, a director who has
    qualified for an immediate or deferred pension benefit from the Company or
any of its subsidiaries is ineligible to participate in the Plan.     

III. AMOUNT OF RETIREMENT BENEFITS                                              

  The annual benefits payable under the Plan shall be equal to one-half of
the annual Board retainer (excluding any amounts payable for committee
service and the value of any stock granted under the DuPont Stock     
     Accumulation and Deferred Compensation Plan for Directors) in effect on the
  Director's date of retirement. One-twelfth of such benefits will be paid
monthly.                                                              

IV. DURATION OF BENEFITS                                                      

 The monthly benefits provided by this Plan begin in the month following
 retirement from the Board and shall continue (a) until 120 such monthly
    payments have been made, or (b) until and including the month in which the
     retired Director dies, whichever comes first. No death benefits are payable
under the Plan.                                                       

V. NONASSIGNABILITY                                                         

   During the Director's lifetime, the right to any retirement benefit shall
not be transferable or assignable.                                    

VI. INTERPRETATION AND AMENDMENT                                              

The Plan shall be administered by the Office of the Chairman of the   
 Company. The decision of the Office of the Chairman with respect to any
questions arising as to the interpretation of this Plan, including the
severability of any and all of the provisions thereof, shall be final,
   conclusive, and binding. The Office of the Chairman reserves the right to
modify this Plan from time to time, or to repeal the Plan entirely.