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UNFUNDED RETIREMENT INCOME GUARANTEE PLAN

Employee Benefits Plan Agreement

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This Employee Benefits Plan Agreement involves

XEROX CORPORATION

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Title: UNFUNDED RETIREMENT INCOME GUARANTEE PLAN
Governing Law: New York     Date: 2/22/2005
Industry: OFFEQP     Sector: TECHNO

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2004 Restatement of Unfunded RIGP

Exhibit 10(f)

As Amended Through December 7, 2004

 

2004 Restatement

 

of

 

XEROX CORPORATION

 

UNFUNDED RETIREMENT INCOME GUARANTEE PLAN

 

XEROX CORPORATION, a New York corporation having its principal executive office in the City of Stamford, County of Fairfield and State of Connecticut, hereby adopts the XEROX CORPORATION UNFUNDED RETIREMENT INCOME GUARANTEE PLAN effective on the Effective Date as follows:

 

Restatement Effective April 2, 2004


INDEX

 

            Page No.

ARTICLE 1

    

Definitions

   3

ARTICLE 2

    

Purpose of Plan

   3

ARTICLE 3

    

Eligibility

   3

ARTICLE 4

    

Benefits

   4

ARTICLE 5

    

Change in Control

   5

ARTICLE 6

    

Plan Administration

   6

ARTICLE 7

    

Amendment and Termination

   6

ARTICLE 8

    

Miscellaneous

   7

 

2


2004 RESTATEMENT

OF

XEROX CORPORATION

 

UNFUNDED RETIREMENT INCOME GUARANTEE PLAN

 

ARTICLE 1

 

Definitions

 

When used herein, the words and phrases defined hereinafter shall have the following meaning unless a different meaning is clearly required by the context of the Plan. Terms used herein which are defined in Article 1 of the Funded Plan shall have the meanings assigned to them in the Funded Plan.

 

Section 1.1. Administrator. The Administrator appointed by the Vice President, Human Resources of the Company

 

Section 1.2. Average Monthly Compensation shall be determined under Article 1 of the Funded Plan, without regard to the dollar limitation contained therein, and, notwithstanding the above, shall also include any compensation provided under the Xerox Corporation CEO Challenge Bonus Program.

 

Section 1.3. Board. The Board of Directors of the Company.

 

Section 1.4. Code. The Internal Revenue Code of 1986 as amended, or as it may be amended from time to time.

 

Section 1.5. Company. Xerox Corporation.

 

Section 1.6. Effective Date. The original effective date of the Plan was July 1, 1977. This Restatement is effective as of April 2, 2004.

 

Section 1.7. Employee. A Member in the Funded Plan.

 

Section 1.8. Funded Plan. The Xerox Corporation Retirement Income Guarantee Plan.

 

Section 1.9. Plan. The “Xerox Corporation Unfunded Retirement Income Guarantee Plan”, as set forth herein or in any amendment hereto.

 

ARTICLE 2

 

Purpose of Plan

 

Section 2.1. Purpose. The Plan is designed to provide retirement benefits payable out of the general assets of the Company as provided in Section 4.1.

 

ARTICLE 3

 

Eligibility

 

Section 3.1. Eligibility. All Employees and beneficiaries of Employees eligible to receive benefits from the Funded Plan shall be eligible to receive benefits under this Plan in accordance with Section 4.1 regardless of when the Employees may have retired.

 

3


ARTICLE 4

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