ARCBEST CORPORATION VOLUNTARY SAVINGS PLAN Amended and Restated Effective as of January 1, 2017

SECTION 1 DEFINITIONS

1.1 “Account(s)” shall mean, collectively, each Plan Year’s Compensation Deferral Account, and each Plan Year’s Employer Account, maintained for each Participant, except that when it shall be appropriate to refer either to a particular Account, or a particular Plan Year, or both, reference shall be to that Account.

1.2 “Administrator” shall mean the person designated to administer the Plan pursuant to Section Two.

1.3 “Alternative Earnings Rate” shall mean the Earnings of the Money Market Fund for the period of reference.

1.4 “Annual Installment Payment” shall mean an annual distribution, in cash, of the Participant’s Benefit over a period of years as provided for in Section 7.2(a) and (b).

1.5 “Beneficiary” shall mean the person(s), entity or entities designated by the Participant as the beneficiary of the balance of his Benefit.

1.6 “Benefit” shall mean, collectively, the Vested amount credited to each of a Participant’s Accounts at the time of reference, except that when it shall be appropriate to refer to the Benefit for a particular Plan Year, or with respect to separate Plan Years, an appropriate reference shall be made.

1.7 “Board” shall mean the Board of Directors of the Company.

1.8 “Bonus” shall mean amounts of compensation paid by an Employer which is not regular salary, wages or commissions and which the Administrator (i) designates as a Bonus, and (ii) designates the date as of which the Bonus is earned.

1.9 “Business Day” shall mean a day on which the New York Stock Exchange is operating.

1.10 “Change in Control” as related to Post‑2004 Deferrals shall mean the first to occur of the following:

(i) the approval by shareholders of the Company of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation that would result in voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation;

(ii) the approval by shareholders of the Company of a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets;

(iii) any “person” (as such is defined in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becoming the “beneficial owner” (as defined in Rule 13d‑3 under said Act), directly or indirectly, of securities of the Company representing thirty percent (30%) or more of the total voting power represented by the Company’s then outstanding voting securities; or

(iv) the replacement of a majority of the Board of Directors during a twelve (12)  month period by directors whose appointment or election is not endorsed by a majority of the directors before the date of the appointment or election.

(a) there shall be consummated any consolidation or merger or consolidation of the Company in which the Company is not the continuing or surviving corporation or pursuant to which the Company’s common stock would be converted into cash, securities, or other property, or any lease, exchange or other transfer (excluding transfer by way of pledge or hypothecation), in one transaction or a series of related transactions, of all, or substantially all, of the assets of the Company, other than any such consolidation, merger, consolidation fifty‑one percent (51%), lease, exchange or transfer in which the Company, or any of its

affiliates, or the holders of the Company’s common stock immediately prior to any such actions have at least a fifty‑one percent (51%) ownership of the surviving corporation after the consolidation or merger of the entity to which such assets are transferred, leased, exchanged or otherwise transferred;

(b) the shareholders of the Company approve any plan or proposal for the liquidation or dissolution of the Company;

(c) any “person” (as such is defined in Section 3(a)(9) or Section 13(d)(3) under the Securities Exchange Act of 1934 [the “1934 Act”]) or any “group” (as such term is used in Rule 13d‑5 promulgated under the 1934 Act) other than the Company or any successor of the Company or any subsidiary of the Company or any employee benefit plan of the Company or any subsidiary (including such plan’s trustee) becomes a beneficial owner for purposes of Rule 13d‑3 promulgated under the 1934 Act, directly or indirectly, of securities of the Company represented by thirty‑five percent (35%) or more of the Company’s then outstanding securities having the right to vote in the election of directors;

(d) if at any time the Continuing Directors then serving on the Board cease for any reason to constitute at least a majority thereof.  “Continuing Director” shall mean a Director of the Company who either (A) is a Director of the Company on January 1, 2005, or (B) whose initial appointment or initial nomination for election or election by the Company’s shareholders was approved by a majority of the Continuing Directors (including any successors elected pursuant to this Subsection (d)) then on the Board; or

(e) any person or group (as defined in Subsection (c) above) commences a tender offer or exchange offer for all or less than all of the share of the Company’s issued and outstanding common stock that would result in, upon the consummation of such offer, the person or group, together with all of its or their affiliates, beneficially owning twenty‑five percent (25%) or more of the Company’s common stock, and which offer does not include a binding written commitment by the offeror to purchase any shares that are not tendered or exchanged for the same cash consideration (or in the event of any exchange offer, the cash equivalent of the fair market value of the securities or their property offered in the exchange, as determined by the Company’s Board in its sole discretion) within ninety (90) days following the consummation of the tender or exchange offer; provided, however, that if the tender offer or exchange offer that would have otherwise resulted in a Change in Control is canceled, terminated, withdrawn or otherwise not consummated, such offer shall be deemed never to have been made and no Change in Control shall be deemed to have occurred.

1.11 “Code” shall mean the Internal Revenue Code of 1986, as amended.

1.12 “Code Section 409A” shall mean Section 409A of the Code and the regulations and Internal Revenue Service and Treasury guidance issued thereunder.

1.13 “Company” shall mean ArcBest Corporation, a Delaware corporation, and its successors and assigns.

1.14 “Compensation” shall mean, collectively, Salary and Bonus, except that where it shall be appropriate to refer to a particular kind of compensation, referral shall be to whichever of Bonus or Salary is appropriate.

1.15 “Compensation Deferral Contributions” shall mean the amounts described in Section 4.1.

1.16 “Compensation Deferral Account” shall mean the amount credited under the Plan as a result of the Participant’s Compensation Deferral Contributions, and appropriate adjustments as provided herein.

1.17 “Contributions” shall mean, collectively, the Compensation Deferral Contributions, and the Employer Contributions, with respect to each Participant, except that when it shall be appropriate to refer to a particular Contribution, reference shall be to that Contribution.

1.18 “Deferred Payments” shall mean the payment of a Participant’s Benefit as described in Section 7.2 and, unless otherwise expressly provided, shall refer to Compensation Deferral Accounts for specific Plan Years.

1.19 “Deferred Payment Date” shall mean the date as of which a Participant’s Deferred Payments are made or commenced.

1.20 “Designated Subsidiary” shall mean any Subsidiary that has adopted the Plan.  “Subsidiary” shall mean a corporation, domestic or foreign, where fifty percent (50%) or more of the total combined voting power of all classes of stock are held by the Company or another Subsidiary, whether or not such corporation now exists or is hereafter organized or acquired by the Company or another Subsidiary. 

1.21 “Disability” shall be deemed to occur if (a) the Administrator determines that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or (b) the Participant is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering the Employees of the Employer.  The determination of whether a Participant has experienced a Disability shall be made in accordance with Code Section 409A.

1.22 “Earnings” shall mean the amounts notationally credited or debited to a Participant’s Account (including, without limitation, unrealized appreciation or depreciation) based on his Measurement Preferences as determined by the Administrator under Rules of General Application.

1.23 “Effective Date” of this amendment and restatement of the Plan shall mean January 1, 2017.  The original effective date of the Plan was December 30, 1998.

1.24 “Election Date” shall mean (a) subject to the next‑following sentence, with respect to any Salary earned on or after January 1, 2005, December 31 (or such earlier date as established by the Administrator) of the Plan Year immediately preceding the Plan Year in which such Salary is paid; (b) with respect to any Bonus that is “performance‑based compensation” (as defined under Code Section 409A) based on services performed over a period of at least twelve (12) months, six (6) months before the end of such period (or such earlier date as established by the Administrator); (c) with respect to any Bonus that is not “performance‑based compensation” (as defined under Code Section 409A) or is based on services performed over a period of less than twelve (12) months, December 31 (or such earlier date as established by the Administrator) of the Plan Year immediately preceding the Plan Year in which the performance period commences; and (d) with respect to any Bonus with respect to 2004 that is paid in 2005, December 31, 2004 (or such earlier date as established by the Administrator).  Notwithstanding subparagraph (a) of the preceding sentence, with respect to the first year in which a Participant becomes eligible to participate in the Plan or any plan aggregated with the Plan under Section 409A, the Election Date with respect to Compensation earned for services to be performed subsequent to the election shall be thirty (30) days after the earlier of the date the Participant first becomes eligible to participate in the Plan or such other aggregated plan (or such earlier date as established by the Administrator).

1.25 “Election Form” shall mean a written form on which the Participant may specify his (i) Compensation Deferral Contribution for the Plan Year (which may be specified either as a percentage or as a fixed dollar amount), (ii) Measurement Preferences, (iii) form and timing of distribution of his Benefit, and (iv) such other matters as shall be determined by the Administrator at the time of reference.

1.26 “Eligible Individual” shall mean an Employee who is (i) a member of a select group of management or highly compensated employees, and (ii) designated by the Administrator as eligible to participate in the Plan.

1.27 “Employee” shall mean a common law employee of the Employer.

1.28 “Employer” shall mean, collectively, the Company and each of its Designated Subsidiaries.

1.29 “Employer Contribution” shall mean the amount of Matching Contributions credited under the Plan by an Employer to a Participant and such other amount, if any, contributed by an Employer from its own funds and credited under the Plan to a Participant at the time of reference.

1.30 “Employer Account” shall mean the account maintained for each Participant who has received an Employer Contribution and which will reflect the amount of such Employer Contribution and appropriate adjustments as provided herein.

1.31 “Entry Date” shall mean: (a) for any Eligible Individual who is a Participant on January 1 of a Plan Year, such January 1; (b) with respect to Bonuses described in Section 1.24(b),

(c) and (d), the date described therein; and (c) for any newly eligible Participant, the day the Participant submits his valid Election Form.

1.32 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended.

1.33 “Final Deferral Filing Date” shall mean, subject to Section 7.3, the date that precedes a Participant’s Deferred Payment Date of reference by twelve (12) months.

1.34 “Lump Sum” shall mean a single distribution, in cash, of a Participant’s Benefit.

1.35 “Matching Contributions” shall mean the amounts described in Section 4.3.

1.36 “Measurement Preferences” shall mean the preferences described in Section 5.3.

1.37 “Money Market Fund” shall mean the fund that is one of the investment alternatives described in Section 5.3 at the time of reference, invested primarily in debt instruments and that the Administrator determines to have the least risk to principal.

1.38 “Non‑Scheduled In‑Service Withdrawal” shall mean distributions from the Compensation Deferral Account as described in Section 7.8.

1.39 “Participant” shall mean an Eligible Individual who participates in the Plan pursuant to Section Three.

1.40 “Plan” shall mean the ArcBest Corporation Voluntary Savings Plan, as set forth in this document and subsequent amendments.

1.41 “Plan Year” shall mean the calendar year.

1.42 “Post‑2004 Deferrals” shall mean (a) any amounts deferred under the Plan in any Plan Year that commences after December 31, 2004 and any Earnings thereon (including, without limitation, any Bonus payable in 2005 with respect to 2004), and (b) any amounts deferred under the Plan prior to January 1, 2005 (and any Earnings thereon) that are not Vested as of December 31, 2004.

1.43 “Pre‑2005 Deferrals” shall mean the portion of the Participant’s Account that is not Post‑2004 Deferrals.

1.44 “Rules of General Application” shall mean those rules promulgated by the Administrator, in its sole discretion, from time to time with respect to the matter of reference, but which will be applied in a similar manner to Participants similarly situated.

1.45 “Salary” shall mean Participant’s regular salary, wages, and commissions paid by an Employer, plus any amounts deferred under Section 125 or 401(k) of the Code, plus any amounts deferred by a Participant under the Plan, but excludes Bonuses, expense reimbursements and fringe benefits.

1.46 “Separates” or “Separation” or similar words shall mean a Participant’s termination of employment with an Employer and the entities aggregated with the Employer pursuant to Sections 414(b) and (c) of the Code for any reason (excluding death or Disability), provided that, with respect to Post‑2004 Deferrals, such terms shall have such meanings as provided under Code Section 409A.

1.47 “Specified Employee” shall mean a specified Employee of the Employer as defined in Code Section 409A.

1.48 “Third‑Party Recordkeeper” shall mean the person or entity selected by the Administrator to maintain the records necessary to the administration of the Plan.

1.49 “Trust” shall mean a grantor trust established between the Company and the trustee(s) named in the Trust.

1.50 “Vest” or “Vesting” or similar forms of the term shall mean the portion of a Participant’s Employer Account that is nonforfeitable at the time of reference.

1.51 “Year of Vesting Service” shall mean each three hundred sixty‑five (365)  days of employment with an Employer as determined under Rules of General Application.

SECTION 2 ADMINISTRATION

2.1 Appointment of Administrator.  The Board shall appoint the Administrator.

2.2 Employer Duties.  An Employer shall, upon request or as may be specifically required under the Plan, furnish or cause to be furnished all of the information or documentation in its possession or control that is necessary or required by the Administrator to perform its duties and functions under the Plan.

2.3 Authority of Administrator.  The Administrator shall have the exclusive authority and responsibility for administering the Plan.  The Administrator shall have no power to add to, subtract from, or modify any of the terms of the Plan, or to change or add to any benefits provided by the Plan, or to waive or fail to apply any requirements of eligibility for a benefit under the Plan.  All exercises of authority by the Administrator under the Plan shall be final, conclusive and binding, unless found by a court of competent jurisdiction to be arbitrary and capricious.

2.4 Powers of Administrator and Company.  The Administrator shall have all powers and discretion as may be necessary to discharge its duties and responsibilities under the Plan.  The Administrator has the exclusive authority to interpret the Plan and decide all questions that arise under the Plan.  The day‑to‑day administration of the Plan is delegated by the Administrator to the Benefits Department of the Company.  The Administrator may engage agents to assist it and may engage legal counsel, who may be counsel for the Company.  Neither the Administrator nor the Company will be responsible for any action taken or not taken on the advice of such counsel.  The Administrator shall not act upon any matter involving its own rights, benefits or other participation under the Plan; in such case the Board will act upon such matter.

2.5 Indemnification.  The Administrator and the individual(s) who may act to fulfill the responsibilities of the Administrator shall be indemnified by the Company against any and all liabilities arising by reason of any act, or failure to act, pursuant to the provisions of the Plan, including expenses reasonably incurred in the defense of any claim relating to the Plan, even if the same is judicially determined to be due to such person’s negligence, but not when the same is judicially determined to be due to the gross negligence or willful misconduct of such person.

2.6 Bond and Expenses.  The Administrator shall serve without bond unless state or federal statutes require otherwise, in which event the Company shall pay the premium.  The expenses of the Administrator shall be paid by the Company.  Such expenses shall include all expenses incident to the functioning of the Administrator, including litigation costs, fees of accountants, counsel and other specialists and other costs of administering the Plan.

2.7 Reliance on Tables.  In administering the Plan, the Administrator shall be entitled to the extent permitted by law to rely conclusively on all tables, valuations, certificates, opinions and reports which are furnished by accountants, legal counsel or other experts employed or engaged by the Administrator.

SECTION 3 PARTICIPATION

SECTION 4 CONTRIBUTIONS

4.1 Compensation Deferral Contributions.  An Employee who is an Eligible Individual on an Entry Date with respect to a Plan Year may elect to defer up to seventy‑five percent (75%) of his Salary for the portion of the Plan Year following such Entry Date, and/or up to seventy‑five percent (75%) of a Bonus designated as earned after an Entry Date by timely filing an Election Form with the Administrator with respect to such Entry Date on or prior to the applicable Election Date.  Each Election Form shall only be effective for the Plan Year with respect to which such election was timely filed with the Administrator.  If a new Election Form is not timely filed with the Administrator for a specified Plan Year, no Compensation Deferral Contributions will be made for such Employee until a new Election Form is timely filed with the Administrator in accordance with this Section.  A Participant may not change his Compensation Deferral Contributions during a Plan Year.

4.2 Crediting of Compensation Deferral Contributions.  The amount of a Participant’s Compensation Deferral Contributions will be deducted (i) with respect to Salary deferrals, from a Participant’s regular Salary payroll paychecks on the date of such payroll, and (ii) with respect to Bonus deferrals, from a Participant’s Bonus paycheck on the date of its payment in the full amount of Compensation Deferral Contribution elected to be deducted from such Bonus

payment.  The portion of the Compensation Deferral Contribution amount which is deducted from Salary shall be credited to the Participant’s Compensation Deferral Account as soon as reasonably possible following the payroll date on which deducted; and, regardless of the date designated by the Administrator as of which the Bonus is earned, the full amount of the Compensation Deferral Contribution to be deducted from the Bonus shall be credited to the Participant’s Compensation Deferral Account as soon as reasonably possible following the date the Bonus actually is (or would have been) paid.  If the amount of the Compensation Deferral Contributions elected to be deducted from the Participant’s Salary and/or Bonus exceeds such Salary and/or Bonus, as applicable, then the Compensation Deferral Contribution shall be reduced to equal the maximum amount of such Participant’s Salary and/or Bonus, as applicable, that is available for deferral.

4.3 Matching Contributions.  Effective January 1, 2010 the Employer shall cease Matching Contributions.  Prior to January 1, 2010, the Employer credited to a Participant’s Account fifteen cents ($.15) for every dollar for such Participant’s Compensation Deferral Contributions for the Plan Year, up to a maximum Matching Contribution of $15,000 per Plan Year.  Matching Contributions were credited as of each payroll period.

SECTION 5 PARTICIPANT’S ACCOUNTS AND INVESTMENTS

5.1 Establishment of Account.  The Administrator shall establish separate Accounts for each Participant, to which shall be credited or debited the Participant’s share of Contributions and Earnings and to which shall be debited the Account’s distributions.

5.2 Earnings Credited to Accounts.  Earnings shall be credited to Accounts based on Measurement Preferences (or Alternative Earnings Rate, if no Measurement Preferences are selected by the Participant) as shall be determined by the Administrator in accordance with Rules of General Application.

5.3 Investment Direction.  Effective as of each Investment Date, in accordance with Rules of General Application, each Participant may select investments (“Measurement Preferences”) from among the different investment alternatives which are made available by the Administrator, and separately for existing balances in his Account and for future Contributions.  No actual investments shall be made by Participants.  The Measurement Preferences are only for the purpose of determining the Employer’s payment obligation under the Plan, and such Measurement Preferences do not control any actual investments made by the Employer or the Trustee.  The Administrator shall have the right to eliminate or add Measurement Preferences from time to time at his sole discretion.

5.4 Statements.  As soon as reasonably possible following each Plan Year, and at such other times as determined by the Administrator under Rules of General Application, the Administrator shall furnish each Participant with a statement setting forth (i) the amount in his Account, (ii) the amount of Contributions, separately showing the Compensation Deferral Contributions and Employer Contributions, credited to his Account during such period, (iii) the Earnings credited or debited to his Account for such period, and (iv) any debited charges to, or distributions from, his Account during such period.

SECTION 6 VESTING

6.1 Compensation Deferral Account.  A  Participant shall always be one hundred percent (100%) Vested in the amounts credited to his Compensation Deferral Account.

6.2 Employer Account.  A Participant shall Vest in the amount credited to his Employer Account upon meeting the requirements of each of the below subsections (a) and (b):

(a) Years of Service with the Company.  A Participant will be vested in his Employer Account upon the earliest of:

(i) the Participant completing his fifth Year of Service with the Company;

(ii) the Participant’s death;

(iii) the Participant’s Disability;

(iv) the Participant’s retirement at or after age sixty‑five (65); and

(v) a Change in Control.

(b) Matching Contributions.

(i) the Participant’s sixtieth (60th)  birthday or later;

(ii) five (5) years from (and including) the year in which the Participant’s Compensation Deferral Contributions pursuant to Section 4.1 are made; and

(iii) the death, Disability, termination of employment, or Change in Control.

SECTION 7 DISTRIBUTION OF BENEFIT

7.1 Election of Deferred Payments.  A Participant shall be entitled to a Deferred Payment if he has timely filed an Election Form (by the applicable Election Date) on which he has (i) selected a Deferred Payment Date, and (ii) selected a form of payment.  A Participant’s Deferred Payments may be made or commenced at any time, and may be paid in a Lump Sum or in one (1)  to fifteen (15) Annual Installment Payments, as the Participant shall select on the Election Form initially filed by the applicable Election Date, and as may be subsequently changed, subject to Section 7.3, on or prior to his Final Deferral Filing Date, and only the last Election Form filed on or before such Final Deferral Filing Date shall be effective.  If a Participant fails to make a valid Deferred Payment election, the Vested Account balance is paid in a single lump sum as soon as administratively feasible (not to exceed sixty (60)  days) following the Participant’s death, Disability or Separation from the Company and all of its affiliates.

7.2 Types of Deferred Payments.

(a) Annual Percentage Installment Payments.  If Participant elects a Deferred Payment in the form of an Annual Installment Percentage Payment, each installment shall be equal to the product of (i) his Benefit attributable to the Accounts for the particular Plan Year of reference as of the Deferred Payment Date, multiplied by (ii) a fraction the numerator of which is one (1), and the denominator of which is the total number of installments originally elected less the number of installments previously paid.  Without limitation, a Participant may receive multiple Annual Percentage Installment Payments, each attributable to Deferred Payments from Accounts with respect to different Plan Years.

(b) Annual Fixed Dollar Installment Payments.  If Participant elects a Deferred Payment in the form of a Fixed Dollar Annual Installment Payment, each

installment shall be equal to the Participant’s specified Fixed Dollar amount with a final installment equal to the remaining balance of the deferral until the entire deferral is paid.  Without limitation, a Participant may receive multiple Annual Fixed Dollar Installment Payments, each attributable to Deferred Payments from Accounts with respect to different Plan Years.

(c) Installment Payment Timing.  Except as provided in Section 7.5 below, with respect to Specified Employees, if a Participant elects Deferred Payment in the form of an Annual Installment Percentage Payment or a Fixed Dollar Annual Installment Payment, the first installment payment shall be paid on its Deferred Payment Date as soon as administratively feasible (not to exceed sixty (60) days) following the Business Day on which his distributable Benefit is determined in accordance with Rules of General Application, and each subsequent installment payment shall be paid as soon as administratively feasible (not to exceed sixty (60) days following the anniversary of such Business Day.

(d) Lump Sum Payment.  Except as provided in Section 7.5 below, with respect to Specified Employees, if a Participant elects a Lump Sum distribution of his Benefit, the Lump Sum shall be paid on its Deferred Payment Date as soon as administratively feasible (not to exceed sixty (60) days) following the Business Day on which his distributable Benefit is determined in accordance with Rules of General Application.

7.3 Change of Deferred Payment Date.  A Participant may change his election as to the timing and/or form of Deferred Payment by filing a specified form with the Administrator on or before his Final Deferral Filing Date, designating a new date or form of payment.  For Post‑2004 Deferrals: (i) the election must be made at least twelve (12) months prior to the date on which the first payment would have begun; (ii) no election change pursuant to Section 7.3 may have the effect of accelerating the time of payment of any distributions, except to the extent permitted under Code Section 409A without the imposition of any penalties or additional taxes under Code Section 409A; and (iii) the new payout date must be no earlier than five (5) years from the date payments otherwise would have commenced.  For Pre‑2005 Deferrals: (i) the new election must be made at least twelve (12) months prior to the date on which payments would otherwise commence; and (ii) the new distribution election date may take effect no earlier than twelve (12) months following the date the new election is made. 

7.4 Mandatory Lump Sum Distribution.  Subject to Section 7.5, in the event of death, Disability or Separation by a Participant:

7.5 Separation by Specified Employee.  Notwithstanding any other provision of the Plan to the contrary, with respect to Post‑2004 Deferrals only, a Specified Employee may not receive a distribution of his Benefit on account of his Separation until the earlier of (i) six (6) months after the date of such Separation or (ii) the Participant’s death.  If the Specified Employee dies during the six (6) month period after the date of Separation, his Benefit can be distributed immediately.

7.6 Change in Control.  Notwithstanding any other provision to the contrary, upon a Change in Control, all Benefits hereunder (including, without limitation, Benefits otherwise payable on a later Deferred Payment Date, or which are being paid in Installment Payments) shall be distributed to Participants in a Lump Sum as soon as reasonably possible, but not more than thirty (30) days, after such Change in Control.  Notwithstanding any other provision of the Plan to the contrary, with respect to Post‑2004 Deferrals, distributions under this Section 7.6 shall only be made upon the occurrence of a  Change in Control that qualifies as either a “change in the ownership” of the Company, a “change in effective control” of the Company or a “change in the ownership of a substantial portion of the assets” of the Company, in each case as defined under Code Section 409A.

7.7 Hardship Distribution.  Upon the Administrator’s determination (following petition by the Participant) that the Participant has suffered a “severe financial hardship,” the Administrator shall distribute to Participant that portion of such Participant’s Benefit as requested by the Participant and approved by the Administrator, but in no event shall the Administrator approve a distribution that is greater than is necessary to relieve the financial hardship.  A “severe financial hardship” means an unforeseeable event resulting from a sudden and unexplained illness or accident experienced by either the Participant or his spouse or dependents, the loss of property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the Participant’s control, which the Participant cannot satisfy through available or attainable assets.  Without limitation, the definition of severe financial hardship does not include the need to send a child to college or the desire to purchase a home.  The amount of the distribution will be limited to an amount necessary to satisfy the severe financial hardship plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the extent to which the hardship is or may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Participant’s assets (to the extent the liquidation would not itself cause severe financial hardship).

7.8 Non‑Scheduled In‑Service Withdrawal.  Non‑Scheduled In‑Service Withdrawals are not permitted with respect to Post‑2004 Deferrals.  With respect to Pre‑2005 Deferrals, prior to a Participant’s Separation, a Participant may elect to receive a distribution of a portion (not less

than $1,000) of his Benefit without regard to the Deferred Payment Date elected by the Participant.  If a Participant elects to receive such a distribution, an amount equal to ten percent (10%) of the amount withdrawn shall be deducted from his Benefit (and irrevocably forfeited), such Participant’s current Compensation Deferral Contribution shall immediately cease, and such Participant shall be ineligible to elect to recommence Compensation Deferral Contributions until an Entry Date occurring after the first enrollment period occurring after the first anniversary of the date of such withdrawal.  The amount forfeited shall inure to the benefit of the Employer in the manner determined by the Administrator.  The date of the Non‑Scheduled In‑Service Withdrawal shall be the Deferred Payment Date for purposes of determining whether amounts in the Participant’s Employer Account are Vested under Section 6.2.  If this occurs, the Matching Contribution associated with the Non-Scheduled In-Service Withdrawal amount will be forfeited before the Non‑Scheduled In‑Service Withdrawal is paid.

7.9 Limited Cashouts.  Notwithstanding the foregoing, the Administrator may, in its sole discretion, order a mandatory lump sum distribution of a Participant’s Account(s), provided that:

(a) the distribution results in the termination and liquidation of the total balance of all the Participant’s Account(s), including the Participant’s interest in any other plan or arrangement that is aggregated with the Plan pursuant to Treasury Regulation Section 1.409A-1(c)(2); and

(b) the distribution will not be greater than the applicable dollar amount under Code Section 402(g)(1)(B) (e.g., $18,000 for 2015).

7.10 Source of Distribution.  All payments of Benefits shall be in cash from the funds in the Trust or, in the discretion or the Employer, from the Employer’s funds held outside of the Trust.  Nothing contained in the Plan, nor any action taken pursuant to the provisions of the Plan, shall create or be construed to create a fiduciary relationship between the Company, an Employer, Participant, Beneficiary, or Employee or other person.  To the extent that any person acquires a right to be paid Benefits, such right shall be no greater than the right of an unsecured general creditor of his Employer.

SECTION 8 DESIGNATION OF BENEFICIARIES

8.1 Designation by Participant.  Participant’s written designation of one or more persons or entities as his Beneficiary shall operate to designate the Participant’s Beneficiary under the Plan.  The Participant shall file with the Administrator a copy of his Beneficiary designation under the Plan.  The last such designation received by the Administrator shall be controlling, and no designation, or change or revocation of a designation, shall be effective unless received by the Administrator prior to the Participant’s death, and in no event shall it be effective as of a date prior to such receipt.

8.2 Lack of Designation.  If no Beneficiary designation is in effect at the time of Participant’s death, if no designated Beneficiary survives the Participant or if the otherwise applicable Beneficiary designation conflicts with applicable law, the Participant’s estate shall be the Beneficiary.  The Administrator may direct the Employer or Trustee to retain any unpaid

Benefits, without crediting for either Measurement Preferences or Alternative Earnings Rate, until all rights to the unpaid Benefits are determined.  Alternatively, the Administrator may direct the Employer or Trustee to pay the Benefits into any court of appropriate jurisdiction.  Any such payment shall completely discharge each Employer, the Trustee, and the Administrator from any liability under the Plan.

SECTION 9 AMENDMENT AND TERMINATION

SECTION 10 GENERAL PROVISIONS

10.1 No Assignment.  The right of any Participant to Benefits shall not be assigned, transferred, pledged or encumbered, either voluntarily or by operation of law, except as provided in Section Eight with respect to designations of Beneficiaries or between spouses incident to divorce within the meaning of Code Section 1041 or of any successor provision, pursuant to a transfer permitted by Code Section 409A and other applicable law.

10.2 Incapacity.  If the Administrator shall find that any person to whom any Benefit is payable under the Plan is unable to care for his affairs because of illness or accident or is a minor, any payment due shall be paid to the duly appointed guardian, Administrator or other legal representative for such person.  Any such payment shall be a complete discharge of the liabilities of each Employer, the Trustee and the Administrator as to the amount paid.

10.3 Claims Procedure.  The Administrator will make all determinations as to the rights of any Employee, Participant, Beneficiary or other person under the terms of the Plan.  Any Employee, Participant, Beneficiary, or person claiming under them may make a claim for benefits under the Plan by filing written notice with the Administrator setting forth the substance of the claim.  If a claim is wholly or partially denied, the claimant will have the opportunity to appeal the denial upon filing with the Administrator a written request for review within ninety (90)  days after receipt of notice of denial.  In making an appeal, the claimant may examine pertinent Plan documents and may submit issues and comments in writing.  Denial of a claim or a decision on

review will be made in writing by the Administrator and delivered to the claimant within ninety (90)  days after receipt of the claim or request for review, unless special circumstances require an extension of time for processing the claim or review, in which event the Administrator’s decision must be made as soon as administratively feasible thereafter but not beyond an additional ninety (90)  days.  If no action on an initial claim is taken within one hundred eighty (180)  days, the claim will be deemed denied for purposes of permitting the claimant to proceed to the review stage.  If the claim involves a determination of whether or not the Participant has experienced a Disability (a “Disability Claim”), such claim will generally be decided and the claimant notified of the decision within 45 days after receipt of the claim, provided that the Administrator may obtain two (2) forty‑five (45)  day extensions if the proper written notice, which contains the information described above, is given to the Participant before the end of each applicable forty‑five (45)  day period.  The denial of a claim or the decision on review will specify the reasons for the denial or decision, the pertinent Plan provisions upon which the denial or decision is based, a description of any additional material or information necessary to perfect the claim and an explanation of why such information is necessary, if applicable, and a description of the Plan’s review procedures and the time limits applicable thereto, including a statement of the claimant’s rights under Section 502(a) of ERISA following an adverse benefits determination on review.  If the denied claim is a Disability Claim, the following additional information will be provided with the denial notice: (a) if an internal rule, guideline, protocol, or other similar criterion was relied upon in making the adverse determination, either the specific rule, guideline, protocol, or other similar criterion, or a statement that such a rule, guideline, protocol, or other similar criterion was relied upon in making the adverse determination and that a copy of such rule, guideline, protocol, or other criterion will be provided free of charge to the claimant upon written request; and (b) if the adverse benefit determination is based on a medical necessity or experimental treatment or similar exclusion or limit, either an explanation of the scientific or clinical judgment for the determination, applying the terms of the Plan to the claimant’s medical circumstances, or a statement that such explanation will be provided free of charge upon written request.

10.4 No Guaranty of Deferral.  While the Company intends that the Plan will result in the deferral of the imposition of a federal income tax on the funds credited hereunder until such time as they actually shall be paid to a Participant, nothing herein shall be construed as a promise, guarantee or other representation by the Company of such tax effect, nor, without limitation, shall the Company be liable for any taxes, penalties or other amounts incurred by Participants in the event it is determined by applicable authorities that such deferral was not accomplished, and each Eligible Individual electing to become a Participant should consult his or her own tax advisor(s) to determine the tax consequences in his specific case, and their suitability for participation in the Plan.

10.5 Communications by, and Information From, Participant.  Each Participant shall file with the Administrator such pertinent information concerning him and his Beneficiary as the Administrator may specify, and no Participant or Beneficiary or other person shall have any rights or be entitled to any benefits under the Plan, unless such information is properly filed.  All elections, selections, designations, requests, notices, instructions and other communications to the Administrator, Third‑Party Recordkeeper, Company, or Employer required or permitted under the Plan shall be (i) in such form as is prescribed from time to time by the Administrator, (ii) shall be (x) mailed by first‑class mail, or (y) delivered, to such location as shall be specified by the Administrator and shall be deemed to have been given and delivered only on actual receipt by the person to be charged at such location.  If the Administrator notifies the Participant or Beneficiary by registered mail (return receipt requested) at his last‑known address that he is entitled to a distribution and also notifies him of the provisions of this paragraph, and the Participant or Beneficiary fails to claim his benefits under the Plan or provide his current address to the Administrator within one (1) year after such notification, his Benefit will be forfeited and inure to the benefit of the Employer in the manner determined by the Administrator.  If the Participant or Beneficiary is subsequently located, such Benefit will be restored, but without Earnings being credited subsequent to the date of the forfeiture.

10.6 No Rights Implied.  Without limitation, nothing contained in the Plan, nor any modification or amendment to the Plan, nor the creation of any Account on the books of the Company, shall give any Employee or Participant any legal or equitable right against the Company or any officer, director, or Employee of the Company, except as expressly provided by the Plan.

10.7 Communications by Administrator or Employer.  All notices, statements, reports and other communications from the Administrator or any Employer to any person required or permitted under the Plan shall be deemed to have been duly given when delivered to, or when mailed first‑class mail, postage prepaid and addressed to, such person at his address last appearing on the records of the most recent Employer or provided to the last‑known electronic address on record.

10.8 Interpretations and Adjustments.  To the extent permitted by law, each interpretation of the Plan and each decision on any matter relating to the Plan made by the Board, the Company, or the Administrator, within the scope of its authority hereunder, shall be made in its sole discretion and shall be binding on all persons.  A misstatement or other mistake of fact shall be corrected when it becomes known and the person responsible shall make such adjustment on account thereof as he considers equitable and practicable.

10.9 No Liability for Good Faith Determinations.  Neither the Company, the Board, nor the Administrator shall be liable for any act, omission, or determination taken or made with respect to the Plan which is not judicially determined to be due to willful misconduct, and members of the Board and the Administrator shall be entitled to indemnification and reimbursement by the Company in respect of any claim, loss, damage, or expense (including attorneys’ fees, the costs of settling any suit, provided such settlement is approved by independent legal counsel selected by the Company, and amounts paid in satisfaction of a judgment, except a judgment based on a finding of willful misconduct) arising therefrom to the full extent permitted by law and under any directors’ and officers’ liability or similar insurance coverage that may from time to time be in effect.

10.10 No Employment Rights.  Neither the Plan nor any action taken under the Plan shall be construed as giving to any Employee the right to be retained in the employ of an Employer or as affecting the right of an Employer to dismiss any Employee at any time, with or without cause.

10.11 Withholding of Taxes.  An Employer shall deduct from Participant’s Salary, Bonus or the amount of any payment made pursuant to the Plan any amounts required to be paid or withheld by the federal government or any state or local government.  By his participation in the Plan, the Participant agrees to all such deductions.  The Employers do not guarantee any specific tax treatment under the Plan.

10.12 Waivers.  Any waiver of any right granted pursuant to the Plan shall not be valid unless the same is in writing and signed by the party waiving such right.  Any such waiver shall not be deemed to be a waiver of any other rights.

10.13 Records.  Records of the Company, and of the Administrator, as to any matters relating to the Plan will be conclusive on all persons.

10.14 Securities Laws.  The Plan intends to comply with and be exempt under the Securities Act of 1933, as amended.  The Participants under the Plan are final purchasers and not underwriters or conduits to other beneficial owners or subsequent purchasers.

10.15 Severability.  In case any one or more of the provisions contained in the Plan shall be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions in this Plan shall not in any way be affected or impaired.

10.16 Captions and Gender.  The captions preceding the Sections and subsections of the Plan have been inserted solely as a matter of convenience and in no way define or limit the scope or intent of any provisions of the Plan.  Where the context admits or requires, words used in the masculine gender shall be construed to include the feminine and the neuter also, the plural shall include the singular, and the singular shall include the plural.

10.17 Choice of Law.  The Plan and all rights under the Plan shall be governed by and construed in accordance with the laws of the State of Arkansas, except to the extent preempted by ERISA.

10.18 Effective Date and Termination Date.  This amendment and restatement of the Plan is effective on the Effective Date and shall terminate on the date no further Benefits are credited hereunder or on such earlier date as the Plan is terminated pursuant to Section Nine.