Supplemental Equalization Plan
Effective as of January 1, 2008
A RTICLE I
1.1 Establishment of Plan. PMI Global Services Inc. (“PMIGS”) and its participating affiliates hereby establish the
Supplemental Equalization Plan set forth herein (the “Plan”), effective as of January 1, 2008.
1.2 History and Purpose of Plan. Altria Client Services Inc. (“Altria”) and certain of its affiliates established and maintain
the Retirement Plan for Salaried Employees and the Deferred Profit-Sharing Plan for Salaried Employees for the benefit of certain
employees, including certain employees of Philip Morris International Inc. (“PMI”) and its subsidiaries before the spin off of
PMI. Both plans are qualified retirement plans under sections 501(a) and 401(a) of the Internal Revenue Code of 1986, as
amended (the “Code”) and, as such, are subject to certain statutory limitations on amounts that can be contributed to and paid
from such plans and other nondiscrimination requirements.
Altria and certain of its affiliates also established and maintain the Benefit Equalization Plan (the “Altria BEP”) and the
Supplemental Management Employees’ Retirement Plan (the “Altria SERP”) for the benefit of certain employees, including
certain employees of PMI and its subsidiaries before the spin off. These supplemental plans are nonqualified retirement plans
that provide deferred compensation for Eligible Employees. Specifically, the Altria BEP is intended, in part, to provide benefits
that cannot be paid due to certain statutory limitations on the amount of contributions to and payments from Altria’s qualified
plans. The Altria SERP is intended to provide certain additional benefits that cannot be provided under Altria’s qualified plans
or the Altria BEP.
Effective as of January 1, 2005, certain participants in the Altria BEP and Altria SERP, including certain employees of PMI
and its subsidiaries, ceased active participation in those plans. In lieu of accruing additional deferred com