Exhibit 10.55
ITT EXCESS PENSION PLAN IIB
Effective as of January 1, 2008
As Amended and Restated as of December 31, 2008
ITT EXCESS PENSION PLAN IIB
The ITT Excess Pension Plan IIB (the “Plan”) has been authorized and adopted by the Board of Directors of ITT
Corporation (the “Corporation”) to be effective as of January 1, 2008. 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, 2008, the ITT Excess Pension Plan II was amended (i) to solely provide to individuals
who are eligible employees thereunder on and after January 1, 2008, 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 Excess Pension Plan IIB (as the successor plan) all
liabilities not attributable to such excess benefits. The Plan provisions effective as January 1, 2008 are
substantially identical, except with respect to Plan participation, to the provisions of the ITT Excess Pension II as
in effect on December 31, 2007 unless other indicated in Appendix A attached hereto.
Effective as of December 21, 2008, the Plan was amended and restated to comply with the provisions of
Section 409A of the Code and the regulations promulgated thereunder.
The benefits accrued and vested under the provisions of the Plan by a Participant who terminated employment
with ITT Corporation (the “Corporation”) and all its Associated Companies prior to January 1, 2005 shall be
subject to the provisions of the ITT Excess Pension Plan II as in effect on October 3, 2004 (attached hereto as
Appendix C and made part hereof). In addition, with respect to a Participant (i) who terminated employment with
the Corporation or one of its Associated Companies on or prior to December 31, 2008 or (ii)