Joint and Survivor-Ten Year Certain Annuity from Investment Plan
The FMC Technologies, Inc. Savings and Investment Plan (Plan) is hereby established effective as of September 28, 2001, in connection with a spin-off of assets and liabilities from the FMC Corporation Savings and Investment Plan and the FMC Corporation Savings and Investment Plan for Bargaining Unit Employees (FMC Plans).
Joint and Survivor-Ten Year Certain Annuity. This form of annuity pays the Participant a fixed amount each month beginning with the month in which the Annuity Starting Date occurs and ending when the Participant dies. If the Participants Beneficiary survives the Participant, payments will continue to the Participants primary Beneficiary until the Beneficiary dies. If the Participant and Beneficiary both die before 120 monthly payments have been made to the Participant and Beneficiary under the annuity, payments will continue to the Participants contingent Beneficiary until 120 monthly payments in all have been made under the annuity. The monthly payment payable to the primary or contingent Beneficiary before 120 payments have been made under the annuity equals the monthly payment made during the Participants lifetime. The monthly payment payable to the primary Beneficiary after 120 payments have been made under the annuity equals 100% or 50% of the monthly payment made during the Participants lifetime, as specified in the Participants election. Both the primary and contingent Beneficiaries must be named at the time this annuity is elected.