Exhibit 10.15
ITT EXCESS PENSION PLAN IB
Effective as of January 1, 1996
As Amended and Restated as of December 31, 2008
ITT EXCESS PENSION PLAN IB
The ITT Industries Excess Pension Plan IB (the “Plan”) has been authorized and adopted by the Board of
Directors of ITT Industries, Inc. to be effective as of January 1, 1996. The purpose of the Plan is to provide
certain supplemental benefits to certain select management or highly compensated employees who qualify for
benefits under the ITT Salaried Retirement Plan (the “Retirement Plan”).
Effective as of January 1, 1996, the ITT Industries Excess Pension Plan I was amended (i) to solely provide to
individuals who are eligible employees thereunder on and after December 19, 1995, the excess benefits which
would have been payable under the Retirement Plan but for the limitations imposed by Sections 415 and 401(a)
(17) of the Internal Revenue Code (the “Code”) and (ii) to transfer into the ITT Industries Excess Pension Plan
IB all liabilities not attributable to such excess benefits.
The Plan was amended, effective as of January 1, 2000, to reflect the changes in the Retirement Plan formula.
Effective as of July 13, 2004, the Plan was amended and restated to make certain administrative changes and to
unify the definition of Acceleration Event with other employee benefit plans of ITT Corporation (formerly known
as ITT Industries, Inc. (the “Corporation”). Effective as of July 13, 2004, the Plan was further amended to
eliminate approval by the Compensation and Personnel Committee of the Board of Directors for lump sum
payments made on or after September 1, 2004 and to revise the interest rate assumption utilized to calculate the
amount of an elective lump sum payment available upon retirement to a Participant who becomes an Eligible
Employee after January 1, 2005.
Effective as of July 1, 2006, the Plan’s name was revised to the ITT Excess Pension Plan IB.
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Effective as of January 1, 2008, the Plan was amended to free