401(k) Plan
The 401(k) Plan is a defined contribution retirement savings plan. Generally, all regular full-time and regular part-time employees are eligible to join the Plan as of their date of hire.

Employee Contributions
Employees may save from 1% to 25% of pay, in whole percentages, on a Before-Tax or After-Tax basis, or a combination of both. The contribu¬tions of highly compensated employees, as defined by IRS rules, may be limited.

Rollover Contributions
Employees may make a rollover contribution of the taxable portion of a qualified rollover distribution received from a previous employer’s qualified retirement plan. The rollover contribution may be made at any time.

Company Contributions
Black & Decker matches a percentage of the employee’s combined Before-Tax and After-Tax contributions up to 6% of pay. The Company matching percentage is determined each year by the Company. The Company’s matching contributions are made in shares of The Black & Decker Corporation common stock, which gives employees direct participation in the Company’s future. Employee contributions of 7% through 25% of pay are not matched by Company contributions. Company matching contributions are made in any of the funds available through the Plan.

Vesting
The Plan provides immediate 100% vesting in Company Matching contributions. Employees are fully vested in the Company matching contributions following one year of service.

Healthcare Reimbursement Account
All Black & Decker regular full-time and regular part-time employees are eligible to participate in the Health Care Reimbursement Account. The Reimbursement Account lets participants save up to $5,000 (pre-tax) for medical and dental expenses not reimbursed by the medical or dental plan. Examples of reimbursable expenses include deductibles, co-payments, and charges above the negotiated in-network fees.

Employees estimate how much they need to save for out-of-pocket health expenses for the coming calendar year. Black & Decker auto¬matically deducts the amount, divided by the number of pay periods in year, from each paycheck.

Educational Assistance Program
Regular full-time employees may receive reimbursement of 100% of their tuition and 50% (up to $150 per course) of required textbooks and software for successfully completing an approved credit course or a job-related non-credit course. The maximum annual reimbursement is $5250 for undergraduate coursework and $7500 for graduate coursework. This is Black & Decker’s tangible encouragement to full-time employees who want to increase their knowledge and experience through a course of study pursued outside regular work hours.

Matching Gifts Program
Employee contributions to a college, university, charitable, or other service organization may be supplemented by Black & Decker through our Matching Gifts Program.

This program is available to regular full-time employees only.

Employee Assistance Program
An Employee Assistance Program (EAP) is offered to employees and their families. The Employee Assistance Program offers two services: a counseling and referral program and an online personal health program.

Counseling and Referral Program
Counselors ask what type of assistance is needed and may schedule a private appointment with a counselor. Participants will be referred to network providers and will pay less when using a network provider. However, participants may use any licensed psychiatrist, psychologist, or social worker. If the counselor is not licensed, the Plan will pay no benefits, and the participant must pay the full amount for services.

Online Personal Health Programs
The EAP offers employees an online resource for information about health related topics.