Acco Supplemental Retirement Plan

Exhibit 10.10

WORKING COPY
SEPTEMBER 2004

ACCO WORLD CORPORATION
SUPPLEMENTAL RETIREMENT PLAN

Section 1. Purpose . This ACCO World Corporation Supplemental Retirement Plan is an unfunded excess benefit plan established by ACCO World Corporation pursuant to Section 4(b)(5) of ERISA as well as an unfunded plan established for the purpose of providing deferred compensation for a select group of management or highly compensated employees of ACCO World Corporation and its subsidiaries as referred to in Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA in order to induce employees of outstanding ability to join or continue in the employ of the Company and to increase their efforts for its welfare by providing them with supplemental retirement benefits notwithstanding the limitations imposed by the Internal Revenue Code on retirement benefits from tax qualified plans.

Section 2. Definitions . As used in this Plan, the following words shall have the following meanings:

(a) " Affiliated Employment" means employment by any corporation which, at the time of such employment, is or was an affiliate of the Company, or thereafter becomes or became an affiliate of the Company. " Affiliated Plan" means a defined benefit pension plan by which an employee of the Company had been covered during Affiliated Employment.

(b) " Committee" means the Administrative Committee administering the Retirement Plan.

(c) " Company" means ACCO World Corporation, ACCO Brands, Inc., Day-Timers, Inc. and their respective successors and assigns.

(d) " Deferred Compensation Plan" means the ACCO World Corporation Executive Deferred Compensation Plan pursuant to which Highly Compensated Employees or Executive Participants may defer payment of salary and bonus.

(e) " ERISA" means the Employee Retirement Income Security Act of 1974, as amended.

(f) " Executive Participant" means an employee of the Company who is within the category of a select group of management or highly compensated employees as referred to in Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA and who either holds or held the office of a Vice President of the Company or any office senior thereto or, during the current Plan Year or the prior Plan Year, was covered under the Management Incentive Plan covering executives of the Company.

(g) " 415 Limitations" means the Retirement Plan provisions adopted pursuant to Section 415 of the Internal Revenue Code to limit annual Retirement Plan benefits pursuant to Section 415(b) thereof.

(h) " 401(a)(17) Limitations" means the Retirement Plan provisions adopted pursuant to Section 401(a)(17) of the Internal Revenue Code to limit compensation considered for purposes of computing Retirement Plan benefits to $200,000, effective as of January 1, 2002 (or such greater amount permitted for such year in accordance with regulations promulgated by the Secretary of the Treasury or his delegate).


(i) " Grantor Trust" means a trust for the benefit of an Executive Participant established pursuant to Section 6 to provide for the payment of benefits under this Plan.

(j) " Highly Compensated Employee" means an employee or former employee of the Company who comes within the definition of a highly compensated employee set forth in Section 414(q) of the Internal Revenue Code (or any successor provision) for any Plan Year.

(k) " Normal Retirement Date" means the last day of the calendar month in which a person' s 65th birthday occurs.

(l) " Plan Year" means the calendar year.

(m) " Retirement Plan" means the ACCO World Corporation Pension Plan for Salaried and Certain Hourly Paid Employees as amended from time to time.

(n) " Surviving Spouse" means the surviving husband or wife of an employee of the Company who has been married to the employee throughout the one-year period ending on the date of the death of such employee.

(o) " Segregated Account" means an account established with a bank or other financial institution approved by the Company, or other form of segregated account approved by the Company, established pursuant to Section 6 by or for the benefit of an Executive Participant to provide for the payment of benefits under this Plan.

Section 3. Retirement Benefits .

(a) Each person who is a Highly Compensated Employee or Executive Participant at the date of termination of employment or during the prior Plan Year and to whom benefits become payable under the Retirement Plan shall be paid a supplemental annual retirement benefit under this Plan equal in amount to the difference between (i) the benefit paid under the Retirement Plan and the Affiliated Plans and (ii) the benefit that would be payable if the 401(a)(17) Limitations and the 415 Limitations were not contained therein and if the Highly Compensated Employee or Executive Participant did not make deferrals of compensation under the Deferred Compensation Plan. If such a Highly Compensated Employee' s or Executive Participant' s Surviving Spouse is entitled to a pre-retirement spouse' s benefit under the Retirement Plan, subject to Section 6, the Surviving Spouse shall be paid a benefit hereunder equal to the difference between (i) the spouse' s benefit payable under the Retirement Plan and the Affiliated Plans and (ii) the spouse' s benefit that would be payable if the 401(a)(17) Limitations and the 415 Limitations were not contained therein and if the Highly Compensated Employee or Executive Participant did not make deferrals of compensation under the Deferred Compensation Plan.

(b) Subject to Section 6, the supplemental retirement benefits provided by this Plan shall be paid to the Executive Participant or Highly Compensated Employee (or to any beneficiary designated by him in accordance with the Retirement Plan, or to his Surviving Spouse if eligible for a spouse' s benefit under the Retirement Plan) concurrently with the payment of the benefits payable under the Retirement Plan, provided that a Participant or Highly Compensated Employee may elect that the supplemental retirement benefits shall be paid in a form permitted by the Retirement Plan other than a single sum payment even though a different form of payment is elected under the Retirement Plan. In the event the

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supplemental retirement benefit commences prior to Normal Retirement Date or is payable in a form other than an annuity for the life of the former employee only, the supplemental retirement benefit shall be adjusted to the same extent as under the Retirement Plan. The Committee shall, however, direct that the supplemental retirement benefit payable with respect to a former employee be paid as an actuarially equivalent single sum payment if such supplemental retirement benefit has a present value of less than $5,000. In determining actuarial equivalency of a single sum payment in cash, the interest rate used shall be the " applicable interest rate" and the mortality table used shall be the " applicable mortality table." The term " applicable mortality table" means the mortality table prescribed in Revenue Ruling 2001-62. The term " applicable interest rate" for any month is the annual interest rate on 30-year Treasury securities as specified by the Commissioner of Internal Revenue for that month in Revenue Rulings, Notices or other guidance, published in the Internal Revenue Bulletin. The " applicable interest rate" shall be determined only once with respect to each Plan Year with respect to which a distribution is to be made, using the rate for the month of August preceding the Plan Year.

Section 4. Supplemental Profit-Sharing Balances .

(a) Supplemental profit-sharing awards were credited under the Plan for periods prior to January 1, 2002. Except as provided in Section 6, supplemental profit-sharing balances are deemed to be invested in an interest bearing investment selected by the Committee. The amount of a Highly Compensated Employee' s or Executive Participant' s supplemental profit-sharing balances under this Plan shall be the aggregate amount of such awards together with any deemed investment gain thereon and less any deemed investment loss.

(b) Supplemental profit-sharing balances and deemed investment gain thereon shall be fully vested and nonforfeitable.

(c) Supplemental profit-sharing plan balances shall be paid by a single sum payment as soon as practicable following termination of employment, subject to Section 6.

(d) Subject to Section 6, a Highly Compensated Employee or Executive Participant may designate a beneficiary to receive the unpaid portion of his supplemental profit-sharing balances in the event of his death. The designation shall be made in a writing filed with the Committee on a form approved by it signed by the Highly Compensated Empl ...