Exhibit 10.15

HILLENBRAND, INC.

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

TABLE OF CONTENTS

HILLENBRAND, INC. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

				Page
ARTICLE I.		DEFINITIONS			1
ARTICLE II.		ADMINISTRATION OF THIS PLAN			5
2.1		Committee			5
2.2		Committee Duties			5
2.3		Agent			6
2.4		Binding Effect of Decisions			6
ARTICLE III.		PARTICIPATION			6
3.1		Participants as of the Effective Date			6
3.2		Participants after the Effective Date			6
ARTICLE IV.		SUPPLEMENTAL RETIREMENT BENEFIT			6
4.1		Supplemental Retirement Benefit			6
4.2		Subject To Pension Plan			7
4.3		Payment of Supplemental Retirement Benefits			7
4.4		Change in Control			9
4.5		Forfeiture of Supplement Retirement Benefit			9
4.6		Frozen Supplemental Retirement Benefit			9
4.7		Elections under the Prior SERP			9
4.8		Termination of Supplemental Retirement Benefits under the Prior SERP and Payments under this Plan			9
ARTICLE V.		EMPLOYER CONTRIBUTIONS			10
5.1		Defined Contributions			10
5.2		Matching Contributions			11
5.3		Supplemental Contributions			12
5.4		Defined Contribution Accounts, Matching Account and Supplemental Contribution Account			12
5.5		Beginning Account Balances of Participants Who Participated in the Prior SERP			12
5.6		Earnings on Accounts			13
5.7		Vesting			13
5.8		Distribution of Aggregate Account			13

TABLE OF CONTENTS
(continued)

				Page
5.9		Forfeiture of Aggregate Account			13
5.10		Elections under the Prior SERP			13
ARTICLE VI.		OFFSET FOR OBLIGATIONS TO EMPLOYER			13
ARTICLE VII.		RIGHTS OF A PARTICIPANT			14
ARTICLE VIII.		AMENDMENT AND TERMINATION			14
8.1		Amendment			14
8.2		Termination			14
ARTICLE IX.		DETERMINATION OF BENEFITS			14
9.1		Claim			14
9.2		Claim Decision			14
9.3		Request for Review			15
9.4		Review of Decision			15
ARTICLE X.		NOTICES			16
ARTICLE XI.		GENERAL PROVISIONS			16
11.1		Controlling Law			16
11.2		Captions			16
11.3		Facility of Payment			16
11.4		Withholding of Payroll Taxes			16
11.5		Protective Provisions			16
11.6		Terms			16
11.7		Successor			16
ARTICLE XII.		UNFUNDED STATUS OF PLAN			17
ARTICLE XIII.		RIGHTS TO BENEFITS			17
ARTICLE XIV.		BOARD APPROVAL			17

HILLENBRAND, INC.

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

W I T N E S S E T H:

     WHEREAS, in accordance with that certain Distribution Agreement (as defined below), Hillenbrand Industries, Inc. (to be re-named Hill-Rom Holdings, Inc. prior to or effective upon the Distribution referred to below and hereinafter referred to in these recitals as “RemainCo” or “Hill-Rom Holdings, Inc.”) proposes to distribute its entire ownership interest in Batesville Holdings, Inc. (to be re-named Hillenbrand, Inc. prior to or effective upon the Distribution referred to below and hereinafter referred to in these recitals as “SpinCo” or “Hillenbrand, Inc.”) through a pro-rata distribution of all of the outstanding shares of SpinCo common stock then owned by RemainCo to the holders of RemainCo common stock (“Distribution”); and

     WHEREAS, RemainCo and SpinCo have entered into that certain Employee Matters Agreement (as defined below) for the purpose of continuing benefits for the pre-Distribution directors, employees and consultants of RemainCo and its subsidiaries; and

     WHEREAS, in accordance with Section 2.5 of the Employee Matters Agreement, SpinCo is to adopt and implement a Supplemental Executive Retirement Plan with features that are comparable to the Hillenbrand Industries, Inc. Supplemental Executive Retirement Plan, as amended to be effective as of the date of the consummation of the transactions contemplated by the Distribution Agreement; and

     WHEREAS, effective as of the date of the consummation of the transactions contemplated by the Distribution Agreement (the “Effective Date”), Hillenbrand, Inc. (the “Employer”) establishes the Hillenbrand, Inc. Supplemental Executive Retirement Plan (the “Plan”) to provide selected key executives of the Employer and SpinCo Participants (as defined below) with competitive supplemental retirement benefits and additional retirement income.

ARTICLE I.
DEFINITIONS

1.1

“Aggregate Account” means the vested (pursuant to Article V) balance credited to a Participant’s Defined Contribution Account, Matching Account and/or Supplemental Contribution Account, including contribution credits and deemed income, gains and losses (to the extent realized as determined by the Employer, in its discretion) credited thereto. A Participant’s Aggregate Account shall be determined as of the date of reference. A Participant’s Aggregate Account shall be utilized solely as a device for measurement and determination of the amount to be paid to the Participant pursuant to

this Plan. A Participant’s Aggregate Account shall not constitute or be treated as a trust fund of any kind.

1.2

“Base Salary” means the annual calendar earnings of a Participant including wages and salary as reported for federal income tax purposes, but excluding all bonus payments of any kind, commissions, incentive compensation, equity based compensation, long term performance compensation, perquisites and other forms of additional compensation.

1.3		“Beneficiary” means, with respect to the Supplemental Retirement Benefit (as defined in paragraph 4.1(a)), the person, persons, trust or other entity designated by the Participant to receive any benefits payable under the Pension Plan, and with respect to payments related to the Aggregate Account, the person, persons, trust or other entity designated by the Participant to receive benefits payable under the Deferred Compensation Guidelines.
1.4		“Board” means the Board of Directors of Hillenbrand, Inc.
1.5		“Cause” means

	(i)		a Participant’s embezzlement or material misappropriation of funds or property of the Employer, or
	(ii)		the willful engaging by a Participant in conduct constituting a felony or gross misconduct, which is materially and demonstrably injurious to the Employer.

1.6 A “Change in Control” means

	(i)		the date that any person, corporation, partnership, syndicate, trust, estate or other group acting with a view to the acquisition, holding or disposition of securities of the Company, becomes, directly or. indirectly, the beneficial owner, as defined in Rule 13d-3 under the Securities Exchange Act of 1934 (“Beneficial Owner”), of securities of the Company representing 35% or more of the voting power of all securities of the Company having the right under ordinary circumstances to vote at an election of the Board (“Voting Securities”), other than by reason of (x) the acquisition of securities of the Company by the Company or any of its Subsidiaries or any employee benefit plan of the Company or any of its Subsidiaries, (y) the acquisition of securities of the Company directly from the Company, or (z) the acquisition of securities of the Company by one or more members of the Hillenbrand Family (which term shall mean descendants of John A. Hillenbrand and their spouses, trusts primarily for their benefit or entities controlled by them);
	(ii)		the consummation of a merger or consolidation of the Company with another corporation unless

          (A) the shareholders of the Company, immediately prior to the merger or consolidation, beneficially own, immediately after the merger or consolidation, shares entitling such shareholders to 50% or more of the voting power of all securities of the corporation surviving the merger or consolidation having the right under ordinary circumstances to vote at an election of directors in substantially the same proportions as their ownership, immediately prior to such merger or consolidation, of Voting Securities of the Company;

          (B) no person, corporation, partnership, syndicate, trust, estate or other group beneficially owns, directly or indirectly, 35% or more of the voting power of the outstanding voting securities of the corporation resulting from such merger or consolidation except to the extent that such ownership existed prior to such merger or consolidation; and

          (C) the members of the Company’s Board, immediately prior to the merger or consolidation, constitute, immediately after the merger or consolidation, a majority of the board of directors of the corporation issuing cash or securities in the merger;

	(iii)		the date on which a majority of the members of the Board consist of persons other than Current Directors (which term shall mean any member of the Board on the date hereof and any member whose nomination or election has been approved by a majority of Current Directors then on the Board);
	(iv)		the consummation of a sale or other disposition of all or substantially all of the assets of the Company; or
	(v)		the date of approval of the shareholders of the Company of a plan of complete liquidation of the Company.

1.7		“Code” means the Internal Revenue Code of 1986, as amended.
1.8		“Committee” means the Compensation and Management Development Committee of the Board.
1.9		“Company” means Hillenbrand, Inc. and its Subsidiaries.
1.10		“Deferral Election” means the written election made by a Participant on the Deferral Elections Checklist form as timely submitted and accepted by the Committee
1.11		“Deferred Compensation Guidelines” means the Company’s “Deferred Compensation Payment Administrative Guidelines”, as amended by the Committee in its sole discretion.
1.12		“Defined Contribution Account” means the account maintained on the books of account of the Employer for each Participant pursuant to Section 5.1. Separate Defined Contribution Accounts shall be maintained for each Participant. The Defined Contribution Account shall be utilized solely as a device for measurement and

		determination of the amount to be paid to the Participant pursuant to this Plan. A Participant’s Defined Contribution Account shall not constitute or be treated as a trust fund of any kind.
1.13		“Distribution Agreement” means the Distribution Agreement by and between Hillenbrand Industries, Inc. and Batesville Holdings, Inc. dated as of March                     , 2008.
1.14		“Employee Matters Agreement” means the Employee Matters Agreement by and between Hillenbrand Industries, Inc. and Batesville Holdings, Inc. dated as of March                     , 2008.
1.15		“Employer” means the Company.
1.16		“ERISA” means the Employee Retirement Income Security Act of 1974, as amended.
1.17		“Matching Account” means the account maintained on the books of account of the Employer for each Participant pursuant to Section 5.2. Separate Matching Accounts shall be maintained for each Participant. A Matching Account shall be utilized solely as a device for measurement and determination of the amount to be paid to the Participant pursuant to this Plan. A Matching Account shall not constitute or be treated as a trust fund of any kind.
1.18		“Participant” means any SpinCo Participant as set forth in Section 3.1 and any individual who is a non-bargained for, full-time or regular part-time employee of the Employer who is selected for participation in this Plan pursuant to Article III.
1.19		“Prior SERP” means the Hillenbrand Industries, Inc. Supplemental Executive Retirement Plan as in effect immediately prior to the Effective Date.
1.20		“Pension Plan” means the Hillenbrand, Inc. Pension Plan, as amended.
1.21		“Plan Year” means the twelve (12) month period ending on the December 31 of each year during which this Plan is in effect, provided that the first Plan Year shall commence on the Effective Date and end on December 31 of the calendar year in which the Effective Date occurs.
1.22		“Savings Plan” means the Hillenbrand, Inc. Savings Plan, as amended.
1.23		“SpinCo Participant” shall have the meaning set forth in Section 1.1 of the Employee Matters Agreement.
1.24		“Subsidiary” means an operating company unit of which a majority equity interest is owned directly or indirectly by the Company.

1.25

“Supplemental Contribution Account” means the account maintained on the books of account of the Employer for each Participant pursuant to Section 5.3. Separate Supplemental Contribution Accounts shall be maintained for each Participant. The Supplemental Contribution Account shall be utilized solely as a device for measurement and determination of the amount to be paid to the Participant pursuant to this Plan. A Participant’s Supplemental Contribution Account shall not constitute or be treated as a trust fund of any kind.

1.26

“Target Bonus” means the designated percentage of a Participant’s Base Salary utilized in the Company’s short term incentive compensation plan, regardless of what percent of a Participant’s Base Salary had been paid.

ARTICLE II.
ADMINISTRATION OF THIS PLAN

2.1

Committee. This Plan shall be administered by the Committee. A majority of the Committee shall constitute a quorum and all decisions made by the Committee pursuant to provisions of this Plan shall be made by a majority of the Committee members present at any duly held regular or special meeting at which a quorum is present or by the unanimous written consent of a majority of the Committee members in lieu of any such meeting.

2.2

Committee Duties. The Committee shall also have the authority to make, amend, interpret, and enforce all appropriate rules and regulations for the administration of this Plan and decide or resolve any and all questions, including interpretations of this Plan, as may arise in connection with this Plan. The Committee shall have the sole discretionary authority and all powers necessary to accomplish these purposes, including, but not by way of limitation, the right, power, authority and duty:

	(a)		To make rules, regulations and procedures for the administration of this Plan which are not inconsistent with the terms and provisions hereof, provided such rules, regulations and procedures are evidenced in writing and copies thereof are delivered to the Employer.
	(b)		To construe and interpret all terms, provisions, conditions and limitations of this Plan;
	(c)		To correct any defect, supply any omission, construe any ambiguous or uncertain provisions, or reconcile any inconsistency that may appear in this Plan, in such manner and to such extent as it shall deem expedient to carry this Plan into effect;
	(d)		To employ and compensate such accountants, attorneys, investment advisors and other agents and employees as the Committee may deem necessary or advisable in the proper and efficient administration of this Plan;

	(e)		To determine all questions relating to eligibility;
	(f)		To determine the amount, manner and time of payment of any benefits hereunder and to prescribe procedures to be followed by distributees in obtaining benefits;
	(g)		To prepare, file and distribute, in such manner as the Committee determines to be appropriate, such information and material as is required by the reporting and disclosure requirements of ERISA; and
	(h)		To make a determination as to the right of any person to receive a benefit under this Plan.

2.3

Agent. In the administration of this Plan, the Committee may, from time to time, employ an agent and delegate to it such administrative duties as it sees fit and may, from time to time, consult with counsel who may be counsel to the Employer.

2.4

Binding Effect of Decisions. The decision or action of the Committee with respect to any question arising out of or in connection with the administration, interpretation and application of this Plan and the rules and regulations promulgated hereunder shall be final, conclusive and binding upon all persons having any interest in this Plan and shall not be subject to appeal except as provided in Article IX.

ARTICLE III.
PARTICIPATION

3.1

Participants as of the Effective Date. As of the Effective Date, a Participant in the Plan shall include any SpinCo Participant who, as of the day before the Effective Date, has earned a Supplemental Retirement Benefit (as defined in the Prior SERP) under the Prior SERP and/or has an Aggregate Account (as defined in the Prior SERP) under the Prior SERP.

3.2

Participants after the Effective Date. Except as provided in Section 3.1, participation in this Plan shall be determined by the Committee or any person designated by it. In no event shall any employee of the Employer become eligible to participate in this Plan if such employee would not be considered a member of a select group of management or highly compensated employees for purposes of ERISA.

ARTICLE IV.
SUPPLEMENTAL RETIREMENT BENEFIT

4.1

Supplemental Retirement Benefit.

(a)

For each Participant who participates in the Pension Plan and continues to accrue a benefit thereunder while this Plan is in effect (“Traditional Participant”), such

			Traditional Participant shall be paid a monthly benefit under this Plan (“Supplemental Retirement Benefit”) equal in amount to (1) the monthly benefit payable under the Pension Plan (i) without the limitations on maximum benefits set forth in Section 415 of the Code, and (ii) with the changes to the calculation of “Earnings” (as defined in the Pension Plan) as described in paragraph (b) of this Section 4.1, less (2) the monthly benefit payable under the Pension Plan.
	(b)		For purposes of calculating the Supplemental Retirement Benefit under this Section 4.1, “Earnings” as defined in the Pension Plan shall include the amount of a Traditional Participant’s Target Bonus (whether or not the target is attained and whether or not the Target Bonus is paid) for a calendar year, including any Target Bonus for calendar years prior to the Effective Date for the same years that Earnings is used to determine the Participant’s monthly benefit payable under the Pension Plan, and such Earnings shall not be limited by the compensation limits set forth in Code Section 401(a)(17); provided however, that such “Earnings” may be limited in amount by the Board or Committee, as they determine in their sole discretion, for any one or more Traditional Participants.
	(c)		Exhibit “A” attached hereto provides an example of the calculation of “Average Monthly Earnings” (as defined in the Pension Plan) used in the calculation of a Traditional Participant’s Supplemental Retirement Benefit hereunder.

4.2

Subject To Pension Plan. Except as provided in Article 4.1 above and as provided below in Section 4.3 with respect to the payment of the Supplemental Retirement Benefit, the Supplemental Retirement Benefit to be paid a Traditional Participant shall be subject to all provisions of the Pension Plan, including but not limited to, all monthly benefit calculations, normal and early retirement, deferred vested benefits, disability retirement, vesting, benefit election options, beneficiary designations and joint and survivor benefits.

4.3

Payment of Supplemental Retirement Benefits.

(a)

Normal Supplemental Retirement Benefits. Except as provided in Section 4.3(d) below, each Traditional Participant who attains his Normal Retirement Date (as defined in the Pension Plan) shall receive a monthly benefit. Unless such Traditional Participant elects a form of annuity set forth on Annex A attached hereto prior to the date of his Normal Retirement Benefit Commencement Date (as defined below), such Traditional Participant, if unmarried, shall receive a life annuity with guaranteed payment for 24 months (“Single, Normal Form of Payment”), or if married, a 50% joint and survivor annuity (“Married, Normal Form of Payment”). Monthly Normal Supplemental Retirement Benefit payments shall begin as of the first day of the calendar month following the six month anniversary date of a Traditional Participant’s termination of employment (“Normal Retirement Benefit Commencement Date”) and shall be paid monthly thereafter as of the first day of each succeeding month.

	(b)		Early Supplemental Retirement Benefits. Except as provided in Section 4.3(d) below, each Traditional Participant who attains his Early Retirement Date (as defined in the Pension Plan) shall receive a monthly benefit. Unless such Traditional Participant elects a form of annuity set forth on Annex A attached hereto prior to the date his Early Retirement Benefit Commencement Date (as defined below), such Traditional Participant, if unmarried, shall receive a Single, Normal Form of Payment, or if married, a Married, Normal Form of Payment. Monthly Early Supplemental Retirement Benefit payments shall begin on the first day of the calendar month following the six month anniversary date of a Traditional Participant’s termination of employment (“Early Retirement Benefit Commencement Date”) and shall be paid monthly thereafter as of the first day of each succeeding month. A Traditional Participant can elect to change his Early Retirement Benefit Commencement Date so long as such election is made a year prior to the Early Retirement Benefit Commencement Date and made before attaining age 60. The new Early Retirement Benefit Commencement Date must be a date after the 5th anniversary of the Early Retirement Benefit Commencement Date and must be a date before he attains age 65.
	(c)		Deferred Vested Supplemental Retirement Benefits. Except as provided in Section 4.3(d) below, each Traditional Participant who attains his Vested Retirement Date (as defined in the Pension Plan) shall receive a monthly benefit. Unless such Traditional Participant elects a form of annuity set forth on Annex A attached hereto prior to the date of his Deferred Vested Benefit Commencement Date (as defined below), such Traditional Participant, if unmarried, shall receive a Single, Normal Form of Payment, or if married, a Married, Normal Form of Payment. Monthly Deferred Vested Supplemental Retirement Benefits shall begin on the later to occur of (i) the first day of the calendar month following the date a Traditional Participant attains age 55 or (ii) the first day of the calendar month following the sixth month anniversary date of a Traditional Participant’s termination of employment (“Deferred Vested Benefit Commencement Date”) and shall be paid monthly thereafter as of the first day of each succeeding month. A Traditional Participant can elect to change his Deferred Vested Benefit Commencement Date so long as such election is made a year prior to the Deferred Vested Benefit Commencement Date and made before attaining age 60. The new Early Retirement Benefit Commencement Date must be a date after the 5th anniversary of the Deferred Vested Benefit Commencement Date and must be a date before he attains age 65.
	(d)		Notwithstanding anything herein to the contrary, if a Traditional Participant is a “specified employee” under Section 409A(a)(2)(B)(i) of the Code, then any payments to be made to such Traditional Participant under this Section 4.3 shall commence on the first day of the calendar month following the six-month anniversary of the date of his termination of employment.

4.4

Change in Control. Notwithstanding the vesting requirement set forth in the Pension Plan and except as provided in Section 4.4 below, upon the occurrence of a Change in Control a Traditional Participant shall be credited with five (5) years of “Vesting Service” (as defined in the Pension Plan) for purposes of determining whether a Traditional Participant is eligible for a Supplemental Retirement Benefit.

4.5

Forfeiture of Supplement Retirement Benefit. Notwithstanding any other provision of this Article IV, upon the termination of a Traditional Participant’s employment by the Company or any of its Subsidiaries for Cause, such Traditional Participant shall forfeit all rights to any Supplemental Retirement Benefit under this Article IV, and the Employer shall have no obligation to make any such payments.

4.6

Frozen Supplemental Retirement Benefit. If the Committee (at its sole discretion) should determine that a Traditional Participant is no longer eligible to earn or accrue a Supplemental Retirement Benefit as provided for under this Article IV, then, on the date of such determination by the Committee, the Traditional Participant’s Supplemental Retirement Benefit shall be frozen as of such date and he or she will earn or accrue no Supplemental Retirement Benefit thereafter.

4.7

Elections under the Prior SERP. Any and all elections made by a Participant under the Prior SERP with respect to his or her Supplemental Retirement Benefit under the Prior SERP shall be deemed to be an election under this Plan with respect to the Participant’s Supplemental Retirement Benefit under this Article IV.

4.8

Termination of Supplemental Retirement Benefits under the Prior SERP and Payments under this Plan. If a Participant is receiving payments under the Prior SERP as of the day before the Effective Date, then as of the Effective Date, no further payments of his or her Supplemental Retirement Benefit under the Prior SERP shall be paid to the Participant under the Prior SERP, and as of the Effective Date, the remaining Supplemental Retirement Benefit under the Prior SERP shall be the Supplemental Retirement Benefit of such Participant under this Plan and shall be paid under this Plan in accordance with the elections made as set forth in Section 4.7 above. If, as of the day before the Effective Date, a Participant has earned a Supplemental Retirement Benefit under the Prior SERP but is not an employee of the Employer and payments under the Prior SERP have not commenced, then as of the Effective Date, no payments of such Supplemental Retirement Benefit under the Prior Plan shall be paid to such Participant under the Prior SERP, and the Supplemental Retirement Benefit under the Prior SERP as of the day before the Effective Date shall be the Participant’s Supplemental Retirement Benefit under this Plan which shall be paid to the Participant as set forth in this Article IV. If, as of the day before the Effective Date, a Participant who is an employee of the Employer on the Effective Date has earned a Supplemental Retirement Benefit under the Prior SERP, but payments under the Prior SERP have not commenced, then as of the Effective Date, no payments of such Supplemental Retirement Benefit under the Prior SERP shall be paid to

such Participant under the prior SERP, and he or she shall only be entitled to the Supplemental Retirement Benefit earned under this Plan. Notwithstanding anything herein to the contrary, a Participant under Section 3.1 shall, on or after the Effective Date, only receive a Supplemental Retirement Benefit under this Plan and shall receive no Supplemental Retirement Benefit under the Prior SERP.

ARTICLE V.
EMPLOYER CONTRIBUTIONS

     5.1 Defined Contributions.

	(a)		Each Plan Year the Employer shall record as a contribution to the Defined Contribution Account of a Traditional Participant an amount equal to (1) the maximum amount of contribution of whatever kind the Employer would have had to make to the Savings Plan for and on behalf of a Traditional Participant for such Plan Year (i) without the annual additions limits set forth in Code Section 415 and (ii) with the changes to the calculation of “Compensation” (as defined in the Savings Plan) as described in paragraph (c) of this Section 5.1, less (2) the amount of contribution of whatever kind that the Employer actually made to the Savings Plan for and on behalf of the Traditional Participant for such Plan Year.
	(b)		For each Participant who is not a Traditional Participant (“Non-Traditional Participant”), each Plan Year the Employer shall record as a contribution to the Defined Contribution Account of a Non-Traditional Participant an amount equal to (1) the maximum amount of contribution of whatever kind, other than any Employer Matching Contributions (as defined in the Savings Plan), the Employer would have had to make to the Savings Plan for and on behalf of a Non-Traditional Participant for such Plan Year (i) without the annual additions limits set forth in Code Section 415 and (ii) with the changes to the calculation of “Compensation” (as defined in the Savings Plan) as described in paragraph (c) of this Section 5.1, less (2) the amount of contribution of whatever kind, other than any Employer Matching Contributions, that the Employer actually made to the Savings Plan for and on behalf of the Non-Traditional Participant for such Plan Year.
	(c)		For purposes of calculating the Defined Contributions under this Section 5.1, “Compensation” as defined in the Savings Plan shall include the amount of a Participant’s Target Bonus (whether or not the target is attained and whether or not the Target Bonus is paid) for a Plan Year, and such “Compensation” shall not be limited by the compensation limits set forth in Code Section 401(a)(17); provided however, that such “Compensation” may be limited in amount by resolution of the Board or Committee, as they determine in their sole discretion, for any one or more Participants.

5.2

Matching Contributions.

	(a)		For each Non-Traditional Participant who has elected to contribute the maximum amount as provided under Code Section 402(g)(1) as a “qualified cash or deferred arrangement” (as defined in Code Section 401(k)(2)) to the Savings Plan, each Plan Year the Employer shall record as a contribution to the Matching Account of a Non-Traditional Participant an amount equal to (1) the maximum amount of Employer Matching Contributions (as defined in the Savings Plan) the Employer would have had to make to the Savings Plan for and on behalf of a Non-Traditional Participant for such Plan Year (i) without the annual additions limits set forth in Code Section 415, (ii) without any limits on a Non-Traditional Participant’s “qualified cash or deferred arrangement” under Code Sections 401(k) or 402(g)(1), (iii) without any limits on a matching contribution as set forth in Code Section 401(m) and (iv) with the changes to the calculation of “Compensation” (as defined in the Savings Plan) as described in paragraph (c) of this Section 5.2, less (2) the amount of Employer Matching Contributions that the Employer actually made to the Savings Plan for and on behalf of the Non-Traditional Participant for such Plan Year.
	(b)		For each Non-Traditional Participant who has not elected to contribute the maximum amount as provided under Code Section 402(g)(1) as a “qualified cash or deferred arrangement” (as defined in Code Section 401(k)(2)) to the Savings Plan, each Plan Year the Employer shall record as a contribution to the Matching Account of a Non-Traditional Participant an amount equal to (1) the maximum amount of Employer Matching Contributions (as defined in the Savings Plan) the Employer would have had to make to the Savings Plan for and on behalf of a Non-Traditional Participant for such Plan Year (i) without the annual additions limits set forth in Code Section 415, (ii) without any limits on a Non-Traditional Participant’s “qualified cash or deferred arrangement” under Code Sections 401(k), (iii) without any limits on a matching contribution as set forth in Code Section 401(m), (iv) with the limits on a Non-Traditional Participant’s “qualified cash or deferred arrangement” under Code Section 402(g)(i) and (v) with the changes to the calculation of “Compensation” (as defined in the Savings Plan) as described in paragraph (c) of this Section 5.2, less (2) the amount of Employer Matching Contributions that the Employer actually made to the Savings Plan for and on behalf of the Non-Traditional Participant for such Plan Year.
	(c)		For purposes of calculating the Matching Contributions under this Section 5.2, “Compensation” as defined in the Savings Plan shall include the amount of a Participant’s Target Bonus (whether or not the target is attained and whether or not the Target Bonus is paid) for a Plan Year and such “Compensation” shall not

be limited by the compensation limits set forth in Code Section 401(a)(17); provided however, that such “Compensation” may be limited in amount by the Board or Committee, as they determine in their sole discretion, for any one or more Non-Traditional Participants.

5.3

Supplemental Contributions.

	(a)		Each Plan Year the Employer shall record as a contribution to the Supplemental Contribution Account of certain Participants selected by the Committee an amount equal to three percent (3%) of such Participants’ “Compensation” (as defined in the Savings Plan) with such changes to its calculation as described in paragraph (b) of this Section 5.3.
	(b)		For purposes of calculating the Supplemental Contributions under this Section 5.3, “Compensation” as defined in the Savings Plan shall include the amount of a selected Participant’s Target Bonus (whether or not the target is attained and whether or not the Target Bonus is paid) for a Plan Year and such “Compensation” shall not be limited by the compensation limits set forth in Code Section 401(a)(17); provided however, that such “Compensation” may be limited in amount by the Board or Committee, as they determine in their sole discretion, for any one or more of the selected Participants.

5.4

Defined Contribution Accounts, Matching Account and Supplemental Contribution Account. All Employer contributions made pursuant to this Section V shall be credited to a Participant’s Defined Contribution Account, Matching Account and/or, Supplemental Contribution Account which shall be a bookkeeping account established for each Participant by the Employer. The time when the Employer contributions are credited to a Participant’s Defined Contribution Account, Matching Account and/or Supplemental Contribution Account shall be determined by the Committee, in its sole discretion. The Defined Contribution Accounts, the Matching Accounts and the Supplemental Contribution Account shall be unfunded and shall maintain all credits made to such account, pursuant to this Plan for the benefit of a Participant.

5.5

Beginning Account Balances of Participants Who Participated in the Prior SERP. As of the Effective Date, the Aggregate Account balance of any Participant under the Prior SERP as of the day before the Effective Date shall be the opening Aggregate Account balance under this Plan and the respective Define Contribution Account, Matching Account and/or Supplemental Contribution Account of such Participant, which makes up the Aggregate Account. Notwithstanding anything herein to the contrary, as of the Effective Date, a Participant’s Aggregate Account under the Prior SERP shall be cancelled and forfeited by the Participant, and such Participant shall, on or after the Effective Date, only receive a distribution of his or her Aggregate Account under this Plan and shall not receive a distribution of all or any portion of an Aggregate Account under the Prior SERP.

5.6

Earnings on Accounts. The balance of a Participant’s Defined Contribution Account, Matching Account and/or Supplemental Contribution Account, shall accrue interest credited monthly to the Participant’s Defined Contribution Account balance, Matching Account balance and/or Supplemental Contribution Account balance at the end of the Company’s fiscal months at a rate which is equal to the monthly prime interest rate (determined as of the first day of each month) charged by the Company’s principal bank, or, at the election of the Committee, Participants selected by the Committee may be credited at such other rate or rates as may be determined by the Committee.

5.7

Vesting. A Participant shall be fully (100%) vested in all amounts credited to his or her Defined Contribution Account and Supplemental Contribution Account, and a Participant shall vest in all amounts credited to his or her Matching Account pursuant to the vesting schedule maintained under the Savings Plan for any Employer Matching Contributions made to the Savings Plan by the Employer; provided however, that upon the occurrence of an event which is a Change in Control, each Participant shall be fully 100% vested in such Participant’s Matching Account.

5.8

Distribution of Aggregate Account. A Participant’s Aggregate Account shall be paid within fifteen (15) days of the six-month anniversary of the date of the Participant’s termination of employment.

5.9

Forfeiture of Aggregate Account. Notwithstanding anything in this Article V, upon the termination of a Participant’s employment by the Company or any of its Subsidiaries for Cause, such Participant shall forfeit all rights to his or her Aggregate Account under this Article V, and the Employer shall have no obligations with respect to this Article V.

5.10

Elections under the Prior SERP. Any and all elections made by a Participant under the Prior SERP with respect to his or her Aggregate Account under the Prior SERP shall be deemed to be an election under this Plan with respect to the Participant’s Aggregate Account under this Article V.

ARTICLE VI.
OFFSET FOR OBLIGATIONS TO EMPLOYER

If, at such time as the Participant becomes entitled to benefit payments hereunder, the Participant has any debt, obligation or other liability representing an amount owing to the Company or any Subsidiary, and if such debt, obligation, or other liability is due and owing at the time benefit payments are payable hereunder, the Employer may offset the amount owed the Company or the Subsidiary against the amount of benefits otherwise distributable hereunder.

ARTICLE VII.
RIGHTS OF A PARTICIPANT

Establishment of this Plan shall not be construed as giving any Participant the right to be retained in the Employer’s service or employ or the right to receive any benefits not specifically provided by this Plan.

Payments under this Plan will not be segregated from the general funds of the Employer and no Participant will have any claim on any specific assets of the Employer. To the extent that any Participant acquires a right to receive benefits under this Plan, his or her right will be no greater than the right of any unsecured general creditor of the Employer and is not assignable or transferable except to his or her Beneficiary or estate.

ARTICLE VIII.
AMENDMENT AND TERMINATION

ARTICLE IX.
DETERMINATION OF BENEFITS

	(a)		The specific reason for such denial;
	(b)		The specific reference to pertinent provisions of this agreement upon which such denial is based;
	(c)		A description of any additional material or information necessary for the Claimant to perfect his claim and an explanation why such material or such information is necessary.
	(d)		Appropriate information as to the steps to be taken if the Claimant wishes to submit the claim for review, including the Claimant’s right to bring a civil action following an adverse benefit determination on review; and
	(e)		The time limits for requesting a review.

9.3

Request for Review. Within sixty (60) days after the receipt by the Claimant of the written opinion described above, the Claimant may request in writing that the Committee review its determination. Such request must be addressed to the Committee. The Claimant or his duly authorized representative may, but need not, review the pertinent documents, records and other information, receive copies of such information, and submit documents, records, issues and comments in writing for consideration by the Committee. If the Claimant does not request a review of the Committee’s determination within such sixty (60) day period, he shall be barred and estopped from challenging the Participating Employer’s determination.

9.4

Review of Decision. Within a reasonable time not later than sixty (60) days after the Board of Directors’ receipt of a request for review, the Committee will review its determinations. After considering all materials presented by the Claimant, the Committee will render a written opinion, written in a manner calculated to be understood by the Claimant, setting forth (a) the specific reasons for the decision; (b) and containing specific references to the pertinent provisions of this Plan on which the decision is based; (c) a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the Claimant’s claim for benefits; and (d) a statement of the Claimant’s right to bring an action under Section 502(a) of ERISA. If special circumstances require that the sixty (60) day time period be extended, the Committee will so notify the Claimant prior to the termination of the initial 60-day period and will render the decision as soon as possible, but no later than one hundred twenty (120) days after the filing of the request for review. The extension notice will set forth: (a) the special circumstances; and (b) the date as of which the benefit determination will be made.

ARTICLE X.
NOTICES

Notices and elections under this Plan must be in writing. A notice or election is deemed delivered if it is delivered personally or mailed by registered or certified mail to the person at his or her last known business address.

ARTICLE XI.
GENERAL PROVISIONS

11.1		Controlling Law. The provisions of this Plan shall be subject to regulation under ERISA. To the extent not preempted by federal law, this Plan shall be construed and interpreted according to the laws of the State of Indiana.
11.2		Captions. The captions of Articles and Sections of this Plan are for the convenience of reference only and shall not control or affect the meaning or construction of any of its provisions.
11.3		Facility of Payment. Any amounts payable hereunder to any Participant who is under legal disability or who, in the judgment of the Committee, is unable to properly manage his or her financial affairs may be paid to the legal representative of such Participant or may be applied for the benefit of such Participant in any manner which the Committee may select, and any such payment shall be deemed to be payment for such Participant’s account and shall be a complete discharge of all liability of the Employer with respect to the amount so paid.
11.4		Withholding of Payroll Taxes. To the extent required by the laws in effect at the time compensation or deferred compensation payments are made, the Employer shall withhold from such compensation, or from deferred compensation payments made hereunder, any taxes required to be withheld for federal, state or local government purposes.
11.5		Protective Provisions. A Participant will cooperate with the Employer by furnishing any and all information requested by the Employer in order to facilitate the payment of benefits hereunder.
11.6		Terms. Whenever any words are used herein in the masculine, they shall be construed as though they were used in the feminine in all cases where they would so apply; and wherever any words are used herein in the singular or in the plural, they shall be construed as though they were used in the plural or the singular, as the case may be, in all cases where they would so apply.
11.7		Successor. The provisions of this Plan shall bind and inure to the benefit of Hillenbrand, Inc. and its successors and assigns. The terms successors and assigns as used herein shall include any corporate or other business entity which shall, whether by merger, consolidation, purchase or otherwise, acquire all or substantially all of the business and assets of Hillenbrand, Inc. and successors of any such company or other business entity.

ARTICLE XII.
UNFUNDED STATUS OF PLAN

It is the intention of the parties that the arrangements herein described be unfunded for tax purposes and for purposes of Title I or ERISA. Plan participants have the status of general unsecured creditors of the Employer. This Plan constitutes a mere promise by the Employer to make payments in the future.

ARTICLE XIII.
RIGHTS TO BENEFITS

Subject to Article VI, a Participant’s rights to benefit payments under this Plan are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of the participant or the participant’s beneficiaries.

ARTICLE XIV.
BOARD APPROVAL

This Plan was approved by the Board on February                     , 2008.

     IN WITNESS WHEREOF, the Employer has caused this Plan to be executed this                      day of                     , 20                    .

		HILLENBRAND, INC.
		By:
		Name:
		Title:

EXHIBIT “A”

Example of
Average Monthly Earnings for
Supplemental Retirement Benefit

Calculation of Target Bonus

						Target				Target
		Base Salary				Bonus %				Bonus
Year 5		$	210,000				40	%		$	84,000
Year 4			201,500				30	%			60,450
Year 3			194,000				30	%			58,200
Year 2			185,500				24	%			44,520
Year 1			180,000				24	%			43,200

		Earnings
		(Pension Plan)								Supplemental
		w/o § 401(a)								Retirement
		17 limits				Target Bonus				Earnings
Year 5		$	210,000			$	84,000			$	294,000
Year 4			201,500				60,450				261,950
Year 3			194,000				58,200				252,200
Year 2			185,500				44,520				230,020
Year 1			180,000				43,200				223,200
										$	1,261,370

Average Monthly Earnings for Supplemental Retirement Benefit:

     $ 1,261,370 ¸ 5 ¸ 12 = $21,023

ANNEX A

Payment Annuity Options

1.		Single Life Annuity
2.		66-2/3% Joint and Survivor Annuity
3.		75% Joint and Survivor Annuity
4.		100% Joint and Survivor Annuity
5.		5-Year Certain and Life
6.		10-Year Certain and Life
7.		15-Year Certain and Life
8.		20-Year Certain and Life