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Dupont E I De Nemours & Co – ‘10-Q’ for 6/30/15 – ‘EX-10.3’

On: Tuesday, 7/28/15, at 1:16pm ET · For: 6/30/15 · Accession #: 30554-15-70 · File #: 1-00815

  As Of               Filer                 Filing    For·On·As Docs:Size

 7/28/15  Dupont E I De Nemours & Co        10-Q        6/30/15   84:9.6M

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    630K 
 2: EX-10.3     Material Contract                                   HTML     37K 
 3: EX-10.4     Material Contract                                   HTML     39K 
 9: EX-95       Mine-Safety Disclosure                              HTML     31K 
 4: EX-12       Statement re: Computation of Ratios                 HTML     33K 
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     32K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     32K 
 7: EX-32.1     Certification -- §906 - SOA'02                      HTML     26K 
 8: EX-32.2     Certification -- §906 - SOA'02                      HTML     26K 
57: R1          Document and Entity Information                     HTML     44K 
44: R2          Consolidated Income Statements                      HTML     80K 
55: R3          Consolidated Statements of Comprehensive Income     HTML     89K 
59: R4          Condensed Consolidated Balance Sheets               HTML    135K 
77: R5          Condensed Consolidated Balance Sheets               HTML     38K 
                (Parenthetical)                                                  
47: R6          Condensed Consolidated Statements of Cash Flows     HTML    113K 
54: R7          Summary of Significant Accounting Policies          HTML     44K 
40: R8          Divestitures and Other Transactions                 HTML     35K 
31: R9          Employee Separation / Asset Related Charges, Net    HTML     54K 
78: R10         Other Income, Net                                   HTML     54K 
61: R11         Provision for Income Taxes                          HTML     35K 
60: R12         Earnings Per Share of Common Stock                  HTML     59K 
66: R13         Inventories                                         HTML     37K 
67: R14         Other Intangible Assets                             HTML     80K 
64: R15         Long-Term Borrowings                                HTML     31K 
68: R16         Commitments and Contingent Liabilities              HTML     71K 
56: R17         Stockholders' Equity                                HTML    236K 
58: R18         Financial Instruments                               HTML    187K 
63: R19         Long-Term Employee Benefits                         HTML     69K 
84: R20         Segment Information                                 HTML    219K 
73: R21         Subsequent Events                                   HTML     54K 
51: R22         Summary of Significant Accounting Policies Summary  HTML     48K 
                of Significant Accounting Policies (Policies)                    
62: R23         Employee Separation / Asset Related Charges, Net    HTML     48K 
                (Tables)                                                         
53: R24         Other Income, Net (Tables)                          HTML     53K 
24: R25         Earnings Per Share of Common Stock (Tables)         HTML     59K 
74: R26         Inventories (Tables)                                HTML     36K 
80: R27         Other Intangible Assets (Tables)                    HTML     77K 
35: R28         Commitments and Contingent Liabilities (Tables)     HTML     42K 
34: R29         Stockholders' Equity (Tables)                       HTML    226K 
38: R30         Financial Instruments (Tables)                      HTML    174K 
39: R31         Long-Term Employee Benefits (Tables)                HTML     66K 
41: R32         Segment Information (Tables)                        HTML    216K 
22: R33         Subsequent Events (Tables)                          HTML     48K 
71: R34         Summary of Significant Accounting Policies          HTML     26K 
                Venezuelan Foreign Currency Translation (Details)                
49: R35         Divestitures and Other Transactions (Narrative)     HTML     39K 
                (Details)                                                        
52: R36         Employee Separation / Asset Related Charges, Net    HTML     36K 
                Employee Separation / Asset Related Charges, Net                 
                (Chemours Restructuring Program) (Details)                       
27: R37         Employee Separation / Asset Related Charges, Net    HTML     82K 
                (2014 Restructuring Program schedule) (Details)                  
83: R38         Employee Separation / Asset Related Charges, Net    HTML     35K 
                (Narrative) (Details)                                            
16: R39         Other Income, Net (Schedule of Other Income)        HTML     62K 
                (Details)                                                        
42: R40         Provision for Income Taxes (Details)                HTML     37K 
76: R41         Earnings Per Share of Common Stock (Earnings Per    HTML     43K 
                Share of Common Stock Reconciliation) (Details)                  
26: R42         Earnings Per Share of Common Stock Earnings Per     HTML     31K 
                Share of Common Stock (Schedule of Average Number                
                of Antidultive Stock Options) (Details)                          
33: R43         Inventories (Details)                               HTML     40K 
37: R44         Other Intangible Assets (Schedule of Other          HTML     67K 
                Intangible Assets) (Details)                                     
45: R45         Other Intangible Assets (Narrative) (Details)       HTML     44K 
21: R46         Long-Term Borrowings (Narrative) (Details)          HTML     65K 
30: R47         Commitments and Contingent Liabilities              HTML     55K 
                (Guarantees) (Details)                                           
18: R48         Commitments and Contingent Liabilities (Imprelis)   HTML     40K 
                (Narrative) (Details)                                            
75: R49         Commitments and Contingent Liabilities              HTML     56K 
                (Litigation) (Narrative) (Details)                               
25: R50         Commitments and Contingent Liabilities Commitments  HTML     35K 
                and Contingent Liabilities (Environmental)                       
                (Narrative) (Details)                                            
72: R51         Stockholders' Equity (Share Repurchase Program)     HTML     48K 
                (Narrative) (Details)                                            
28: R52         Stockholders' Equity (Schedule of Other             HTML    158K 
                Comprehensive Income) (Details)                                  
43: R53         Stockholder's Equity (Schedule of Accumulated       HTML     71K 
                Other Comprehensive Loss) (Details)                              
17: R54         Financial Instruments (Debt) (Narrative) (Details)  HTML     27K 
20: R55         Financial Instruments (Cash Equivalents)            HTML     29K 
                (Narrative) (Details)                                            
36: R56         Financial Instruments (Notional Amounts of          HTML     36K 
                Derivatives) (Details)                                           
23: R57         Financial Instruments (Effect of Cash Flows Hedges  HTML     38K 
                on Accumulated Other Comprehensive Income (Loss))                
                (Details)                                                        
79: R58         Financial Instruments (Schedule of the Fair Value   HTML     66K 
                of Derivative Instruments) (Details)                             
48: R59         Financial Instruments (Effect of Derivative         HTML     68K 
                Instruments) (Details)                                           
65: R60         Long-Term Employee Benefits Long Term Employee      HTML     29K 
                Benefits Defined Benefit Plans (Narrative)                       
                (Details)                                                        
29: R61         Long-Term Employee Benefits (Schedules of Net       HTML     56K 
                Periodic Benefit Cost) (Details)                                 
32: R62         Segment Information (Schedule of Segment            HTML    125K 
                Information) (Details)                                           
70: R63         Segment Information (Reconciliation to              HTML     59K 
                Consolidated Income Statements) (Details)                        
69: R64         Subsequent Events (Narrative) (Details)             HTML     50K 
50: R65         Subsequent Events (Pro Forma Income Statement)      HTML     53K 
                (Details)                                                        
82: R9999       Uncategorized Items - dd-20150630.xml               HTML     25K 
81: XML         IDEA XML File -- Filing Summary                      XML    146K 
19: EXCEL       IDEA Workbook of Financial Reports                  XLSX     91K 
10: EX-101.INS  XBRL Instance -- dd-20150630                         XML   3.53M 
12: EX-101.CAL  XBRL Calculations -- dd-20150630_cal                 XML    262K 
13: EX-101.DEF  XBRL Definitions -- dd-20150630_def                  XML    856K 
14: EX-101.LAB  XBRL Labels -- dd-20150630_lab                       XML   1.57M 
15: EX-101.PRE  XBRL Presentations -- dd-20150630_pre                XML    967K 
11: EX-101.SCH  XBRL Schema -- dd-20150630                           XSD    183K 
46: ZIP         XBRL Zipped Folder -- 0000030554-15-000070-xbrl      Zip    273K

‘EX-10.3’ — Material Contract

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

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DD-Ex.10.3_2015.6.30_Q2

Exhibit 10.3

PENSION RESTORATION PLAN

Originally Adopted - January 1, 1976

Last Amended - June 29, 2015

PENSION RESTORATION PLAN

I. PURPOSE

The purpose of this Plan is to provide an employee or pensioner or his survivor or survivors eligible to receive payments pursuant to the Company's Pension and Retirement Plan the portion of his pension or survivor benefit that would have been paid to him or his survivor or survivors under the Pension and Retirement Plan if the limitations established in paragraphs A(2)(b)(iii) relating to deferred Variable Compensation Awards, A(2)(b)(v) and D of Section IX of such Plan had not been applied, or, effective with payments made after January 1, 1996, if the limitations established in paragraphs A(2)(b)(v) and D of Section IX of such Plan not been applied. Notwithstanding the above, an employee or the survivor(s) of an employee who retires in accordance with the Incapability Retirement provision of Section IV of the Pension and Retirement Plan will not be eligible for participation in this Plan.

II. ADMINISTRATION

The administration of this Plan is vested in the Board of Benefits and Pensions appointed by the Company, except that the Compensation Committee shall determine the discount rate to be used in calculating the lump sum payment described in Section V. The Board may adopt such rules as it may deem necessary for the proper administration of the Plan, and its decision in all matters involving the interpretation and application of this Plan shall be final. The Board shall have the discretionary right to determine eligibility for benefits hereunder and to construe the terms and conditions of this Plan.

III. ELIGIBILITY

An employee or pensioner who is entitled to pension payments, or a person entitled to survivor benefits, pursuant to the Company's Pension and Retirement Plan, but excluding an employee or the survivor(s) of an employee who retires under the Incapability Retirement provision of Section IV of the Plan, will be eligible for payments under this Plan provided payments that would have been made under the Pension and Retirement Plan have been reduced by the limitations on such payments set forth in paragraphs A(2)(b)(iii) relating to deferred Variable Compensation Awards, A(2)(b)(v) and D of Section IX of such Plan, or, effective with payments made after January 1, 1996, the limitations on such payments set forth in paragraphs A(2)(b)(v) and D of Section IX of such Plan.

For purposes of this Plan, the term "Company" means E. I. du Pont de Nemours and Company, any wholly owned subsidiary or part thereof and any partnership or joint venture in which E. I. du Pont de Nemours and Company is joined which adopts this Plan with the approval of the Company, or such person or persons as the Company may designate provided, however, that an employee of The Chemours Company listed on the attached Appendix, or the survivor of such listed employee entitled to survivor benefits, pursuant to the DuPont Pension Restoration Plan, for whom the responsibility for all benefits payable under this Plan was assumed by The Chemours Company effective July 1, 2015 will not be eligible for benefit payments under this Plan.

IV. AMOUNT PAYABLE

The amount payable to a person eligible to receive payments under this Plan will be the actuarial equivalent of the monthly pension or survivor benefit under the Pension and Retirement Plan calculated without application of the limitations on such payment set forth in paragraphs A(2)(b)(iii) relating to deferred Variable Compensation Awards, A(2)(b)(v) and D of Section IX of such Plan, or effective with payments made after January 1, 1996, the limitations on such payments set forth in paragraphs A(2)(b)(v) and D of Section IX of such Plan, less the amount of the actual monthly pension or survivor benefit paid under such Plan determined under the Rules established by the Board of Benefits and Pensions.

V. PAYMENTS OF BENEFITS

Effective with retirements on or after December 31, 2006, the amount payable under this Plan will be a lump sum payment determined in accordance with the Terms and Conditions adopted by the Board of Benefits and Pensions from time to time and paid at the later of 3 months after termination or the end of the month in which the Earliest Benefit Commencement Date occurs. For purposes of this Plan, the Earliest Benefit Commencement Date is defined as follows, except for officers of the Company:



Age at Termination	Service at Termination	Earliest Benefit Commencement Date
At least 50	15 or more	Termination Date + 1 Day *
Not yet 50	15 or more	Age 50
Any Age	10 through 14	Age 60
Any Age	Less than 10	Age 65

* Note: For optional eligible retirees less than age 50 at termination the EBCD would also be Termination Date + 1 Day.

For officers of the Company, the Earliest Benefit Commencement Date will be the later of 6 months after termination or the end of the months in which the Earliest Benefit Commencement Date occurs.

All payments under this Plan shall be made by, and all expenses of administering this Plan shall be borne by, the Company.

VI. RIGHT TO MODIFY

The Company reserves the right to change this Plan in its discretion by action of the Compensation Committee or its delegate, or to discontinue this Plan in its discretion by action of the Board of Directors: provided, however, that following a Change in Control (as defined in the Company’s Equity and Incentive Plan, a “Change in Control”) no such amendment or termination may adversely affect any benefits accrued under the Plan prior to the termination or adoption of the amendment (including without limitation, any terms, conditions or distribution alternatives applicable to such accrued benefits). In addition, for a period of two years following a Change in Control, the Company shall not terminate the Plan in whole or in part or make any amendment to the Plan which in any way adversely affects or limits the terms and conditions or benefits as available pursuant to the Plan immediately prior to the Change in Control.

VII. NONASSIGNMENT

No assignment of the rights and interests under this Plan will be permitted or recognized under any circumstances, nor shall such rights and interests be subject to attachment or other legal processes for debt.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-Q’ Filing	Date	Other Filings

Filed on:	7/28/15	8-K
	7/1/15	4
For Period end:	6/30/15
	6/29/15
	12/31/06	10-K, 11-K, 4
	1/1/96
		List all Filings

4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/08/24  Corteva, Inc.                     10-K       12/31/23  176:25M
 2/09/23  Corteva, Inc.                     10-K       12/31/22  166:28M
 2/10/22  Corteva, Inc.                     10-K       12/31/21  187:29M
 2/11/21  Corteva, Inc.                     10-K       12/31/20  196:32M

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Filing Submission 0000030554-15-000070 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)