UNIVERSAL LEAF TOBACCO COMPANY, INCORPORATED
1994 BENEFIT REPLACEMENT PLAN
The purpose of the Universal Leaf Tobacco Company, Incorporated 1994 Benefit Replacement Plan (hereinafter
referred to as the "Plan") is to provide specified benefits to a select group of management and highly
compensated employees who contribute materially to the continued growth, development and future business of
the Company and its subsidiaries.
This Plan shall apply only to officers and employees of Universal Leaf Tobacco Company, Incorporated, of its
parent, Universal Corporation, and of certain of their subsidiaries (individually and collectively, the "Company")
who are participants in the Universal Leaf Tobacco Company, Incorporated 1994 Deferred Income Plan (the
"1994 Deferred Income Plan").
The normal, early, delayed, and disability retirement benefits and the benefit upon death before retirement to be
provided by this Plan shall be the amount for the option selected by the Participant or otherwise provided under
and as determined by the Employees' Retirement Plan of Universal Leaf Tobacco Company, Incorporated and
Designated Affiliated Companies (hereinafter referred to as the "Retirement Plan") but (i) with the inclusion, for
the purpose of computing benefits, of the amounts deferred by the Participant and the exclusion of any payments
received, pursuant to the 1994 Deferred Income Plan of the Company, for the years in which such deferrals or
payments occurred; and (ii) offset by benefits payable in accordance with the Retirement Plan.
Payment of benefits hereunder shall coincide with payments from the Retirement Plan and shall be payable to the
Participant or the beneficiary designated in the Retirement Plan for the period designated in the Retirement Plan
and in the same form as elected by the Participant in the Retirement Plan.
A participant shall have the right to receive a benefit hereu