DEFERRED COMPENSATION PLAN
Effective as of January 1, 1995
including amendments through November 1, 2000
ITT INDUSTRIES DEFERRED COMPENSATION PLAN
The ITT Deferred Compensation Plan (the "Plan") was established by ITT Corporation, a Delaware corporation
("Former ITT"), effective January 1, 1995. The purpose of the Plan is to provide each Participant with a means
of deferring compensation in accordance with the terms of the Plan.
Effective as of December 19, 1995, Former ITT split into three separate companies -- ITT Hartford Group, Inc.,
ITT Corporation, a Nevada corporation, and ITT Industries, Inc. an Indiana corporation (the "Corporation"),
which is the successor to Former ITT.
Under the Employee Benefits Service and Liability Agreement dated November 1, 1995 (the "Agreement") the
Corporation agreed to continue the Plan for eligible employees of the Corporation or of any of its subsidiaries
and to transfer the liabilities attributable to participants who become employees of ITT Corporation, a Nevada
corporation, on December 19, 1995 to ITT Corporation.
Effective as of January 1, 1996, the Plan was amended to accept the liabilities under the ITT Industries Excess
Savings Plan attributable to salary deferrals, excess matching contributions, and excess floor contributions
credited with respect to Base Salary deferred under this Plan and hold such amounts hereunder in accordance
with the provisions of the ITT Industries Excess Savings Plan as set forth in Appendix A, attached hereto and
made part hereof.
Effective as of October 1, 1997, January 1, 1998, April 1, 1998, January 1, 1999, and November 1, 2000, the
Plan was further amended to make certain administration changes and to unify the form and timing of Plan
All benefits payable under this Plan, which constitutes a nonqualified, unfunded deferred compensation plan for a
select group of management or highly-compensated employees under Title I of ERISA, shall be paid o