Exhibit 10.4
HARLEY-DAVIDSON
PENSION BENEFIT RESTORATION PLAN
(As Amended and Restated Effective January 1, 2009)
HARLEY-DAVIDSON MOTOR COMPANY GROUP, INC., a Wisconsin corporation, maintains the Harley-Davidson
Pension Benefit Restoration Plan (the “Plan”) to provide benefits as follows:
The purpose of the Plan is to provide the benefits which a Participant would have been entitled to receive under the
Funded Plan except for (a) the statutory maximum annual benefit limitations of Code Section 415, (b) the statutory maximum
limitations on pensionable pay provided for in Code Section 401(a)(17), and (c) the exclusion from the definition of pensionable
compensation in the Funded Plan for amounts contributed as a pretax contribution to a nonqualified plan of deferred
compensation.
The following terms have the following meanings unless the context clearly indicates otherwise:
(a) “Affiliate” means each corporation, trade or business that, with the Company, constitutes a controlled group of
corporations, or group of trades or businesses under common control, within the meaning of Code Sections 414(b) or (c);
provided that for purposes of determining when a Participant has incurred a Separation from Service, the phrase “at least 50
percent” shall be used in place of “at least 80 percent” each place it appears in Code Section 414(b) and (c) and the regulations
thereunder.
(b) “Applicable Interest Rate” means the product of (i) one (1.0) minus the applicable maximum tax rate at the Participant’s
Determination Date, with such rate expressed as a decimal, and (ii) the discount rate used by the Company to value the
obligations of the Funded Plan, as set forth in the Company’s disclosure for purposes of Statement of Financial Accounting
Standard No. 87 (or any successor) for the fiscal year of the Company that includes the first day of the month coincident with or
next following the Participant’s Separation from Service for any reason other than death, with such rate also expressed as a