EX-10.I 4 a05-17917_1ex10di.htm MATERIAL CONTRACTS

EXHIBIT 10(i)

PACCAR INC SAVINGS INVESTMENT PLAN

Amendment and Restatement Effective April 1, 2005

TABLE OF CONTENTS

ARTICLE 1	PURPOSE AND SCOPE
1.1	Purpose of Plan
1.2	Scope of Plan
1.3	PACCAR Inc Administers for Participating Subsidiaries; Allocation of Cost

ARTICLE 2	DEFINITIONS AND CONSTRUCTION
2.1	General Definitions
	(a)	“Accounts”
	(b)	“Aggregate 401(k) Contributions”
	(c)	“Aggregate 401(m) Contributions”
	(d)	“Beneficiary”
	(e)	“Benefit”
	(f)	“Company”
	(g)	“Company Contributions”
	(h)	“Company Contributions Account”
	(i)	“Compensation”
	(j)	“Current or Accumulated Earnings and Profits”
	(k)	“Eligible Employee”
	(l)	“Employee”
	(m)	“Employee Accounts”
	(n)	“ERISA”
	(o)	“Excess Aggregate Contributions”
	(p)	“Excess Contributions”
	(q)	“Excess Deferrals”
	(r)	“Fiduciary”
	(s)	“Highly Compensated Employee”
	(t)	“Investment Options”
	(u)	“Investment Manager”
	(v)	“IRC”
	(w)	“Layoff”
	(x)	“Member”

	(y)	“Member Contributions”
	(z)	“Nonhighly Compensated Employee”
	(aa)	“Normal Retirement Age”
	(bb)	“PACCAR Stock”
	(cc)	“PACCAR Stock Fund”
	(dd)	Period of Service
	(ee)	“Plan”
	(ff)	“Plan Year”
	(gg)	“Required Beginning Date”
	(hh)	“Restricted Member”
	(ii)	“Retirement”
	(jj)	“Retirement Plan”
	(kk)	“Rollover Contributions”
	(ll)	“Salary Deferrals”
	(mm)	“Salary Deferral Account”
	(nn)	“Section 414(s) Compensation”
	(oo)	“Subsidiary”
	(pp)	“Top-Paid Group”
	(qq)	“Total Compensation”
	(rr)	“Totally Disabled”
	(ss)	“Trust Agreement”
	(tt)	“Trust Fund”
	(uu)	“Trustee”
	(vv)	“USERRA”
	(ww)	“Valuation Date”
2.2	Construction

ARTICLE 3	ELIGIBILITY AND MEMBERSHIP
3.1	Commencement of Membership
3.2	Enrollment Procedures
3.3	Termination of Membership

3.4	Restricted Membership

ARTICLE 4	SALARY DEFERRALS AND ROLLOVER CONTRIBUTIONS
4.1	Amount of Salary Deferrals
4.2	Involuntary Reduction of Salary Deferral Rate
4.3	Voluntary Change of Salary Deferral Rate
4.4	Voluntary Suspension of Salary Deferrals
4.5	Return of Excess Deferrals
4.6	Average Deferral Percentage Limitation
4.7	Allocation of Excess Contributions to Highly Compensated Employees
4.8	Distribution of Excess Contributions
4.9	Qualified Company Contributions
4.10	Special Rules
4.11	Allocation of Salary Deferrals
4.12	Diversification of Salary Deferral Account or Employee Account
4.13	Rollover Contributions
4.14	Age 50 Catch-Up Rules

ARTICLE 5	COMPANY CONTRIBUTIONS
5.1	Amount of Company Contributions
5.2	Allocation of Company Contributions
5.3	Average Contribution Percentage Limitation
5.4	Allocation of Excess Aggregate Contributions to Highly Compensated Employees
5.5	Distribution of Excess Aggregate Contributions
5.6	Use of Salary Deferrals
5.7	Special Rules
5.8	Company Contributions Paid From Earnings and Profits; Other Limitations on Company Contributions
5.9	Company Contributions in PACCAR Stock
5.10	Diversification of Company Contributions Account After Age 50
5.11	Return of Company Contributions

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ARTICLE 6	THE TRUSTEE AND THE TRUST FUND
6.1	The Trustee and Investment Managers
6.2	Investment Funds
6.3	Voting of PACCAR Stock
6.4	Other Instructions by Members
6.5	Trust Fund Investment Losses: Interest in Trust Fund
6.6	ERISA 404(c) Requirements
6.7	Expenses of Plan and Trust

ARTICLE 7	ACCOUNTS AND VALUATIONS
7.1	Types of Accounts
7.2	Valuation of Accounts
7.3	Statements for Members

ARTICLE 8	AMOUNT AND DISTRIBUTION OF BENEFITS
8.1	Vesting and Amount of Benefits
8.2	Normal Time of Distribution
8.3	Time of Distribution
8.4	Special Rules Regarding Distribution
8.5	Reemployment
8.6	Available Forms of Distribution
8.7	Election of a Form of Distribution
8.8	Small Benefits
8.9	Survivors’ Benefits
8.10	No Alienation of Benefits; Qualified Domestic Relations Order
8.11	Facility of Payment
8.12	Unclaimed Benefits
8.13	Payments Discharge Plan; Adverse Claims
8.14	Direct Rollovers

ARTICLE 9	LOANS
9.1	Amount of Loans
9.2	Aggregate Loan Limitation