RETIREMENT PLAN FOR EMPLOYEES OF MANITOU NORTH AMERICA, INC.

Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).

A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).

As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.