A notional recordkeeping cash balance account established in your name to reflect your monthly pay and interest credits. No assets are allocated to any individual accounts under the Retirement Plan.

A type of payment option under the Retirement Plan, where an amount is paid at regular monthly intervals over your lifetime or the joint lifetimes of you and your beneficiary.

The amount of pay used in determining pay credits. In general, this is your annual base salary plus applicable job differential pay (e.g., shift pay), up to the annual legal limit. It does not include any annual bonuses, overtime, special recognition, or other incentive awards you might receive. In certain situations, your benefits pay may include variable base compensation paid under certain non-annual incentive plans that provide compensation in lieu of base salary. Except in certain specified sales positions, commissions or production overrides do not constitute benefits pay.

Please Note: Separate definitions other than what is described here may apply to employees in certain sales positions who are paid on a draw-and- commission basis. If this situation applies to you, you will be notified.

For 2008, the legal limit on benefits pay is $230,000. For purposes of the Retirement Plan, benefits pay is not reduced by any contributions you make toward the cost of your other benefits.

Generally, the period beginning on the date your employment with JPMorgan Chase (or an affiliate that is a member of the controlled group) ends for any reason and ending on the date you're rehired. For a more detailed explanation of how a break in service may affect your participation in the Retirement Plan, please see "If Your Situation Changes."

A period of service used to determine the level of pay credits. Cumulative service means the period of service with JPMorgan Chase that may include service with predecessor heritage organizations as outlined by the following conditions:

If you were not employed by a heritage organization on any of the merger dates referred to above and are or have been re-employed, then your employer for purposes of the above rules will be the heritage organization that most recently employed you prior to your re-employment date, except that all service with such prior heritage organization will be recognized.

Service with a company at the time of its acquisition (as opposed to a merger) may or may not count toward cumulative service, depending on the terms of the purchase agreement and the plan.

In general, an eligible termination occurs if your employment is involuntarily terminated due to the permanent closing of a location, a reduction in force, corporation downsizing, or job elimination.

An unfunded, nonqualified plan that JPMorgan Chase provides for eligible participants. Because benefits under the Retirement Plan cannot be based on benefits pay in excess of the legal limit under the Internal Revenue Code (IRC) ($230,000 for 2008), the Excess Retirement Plan provides pay and interest credits on benefits pay of up to $1 million less the legal limit for that calendar year.

The predecessor retirement plans that heritage JPMorgan Chase employees participated in prior to January 1, 2005 and that heritage Bank One employees participated in prior to January 1, 2005. The heritage JPMorgan Chase predecessor plans are identified in "Appendix E — Predecessor
Employers."

Amounts credited to your cash balance account each month based on your account balance at the end of the previous month and the applicable interest credit rate.

The annual interest credit rate for any year is currently based on the yield of the average one-year Treasury rate for the month of October of the prior calendar year, plus 1%, with a minimum interest crediting rate of 4.5%. The monthly interest credit rate is equal to 1/12th of the annual interest credit rate.

JPMorgan Chase & Co. and any subsidiary that is a member of the controlled group.

The JPMorgan Chase Long-Term Disability (LTD) Plan sponsored by JPMorgan Chase Bank.

A payment option under the Retirement Plan, where the vested value of your benefit (generally your account balance) is paid in a single payment.

When a pension plan changes as the result of a plan merger or modification, participants cannot receive less than any amounts they had accrued or earned under that plan prior to the date of the merger or modification. This amount is referred to as the "minimum benefit." When you request a distribution, that minimum benefit will be compared to your accrued benefit under the Retirement Plan and you will receive the greater of the two amounts. If you participated in a heritage plan, please see the appropriate Appendix in this summary plan description for more information on minimum benefits.

Amounts credited to your cash balance account each month, equal to a percentage of your benefits pay. Please see "Pay Credits" for more information.

The Bank One Corporation Personal Pension Account Plan ("Bank One Plan") in effect prior to January 1, 2005.

A period of service used to determine eligibility to participate and vesting. Total service is generally defined as the period beginning on your first day actively at work as an employee of JPMorgan Chase or an affiliate and ending when your employment terminates. In general, this includes all periods of employment with JPMorgan Chase or any of the merged companies that have become part of JPMorgan Chase.

For employees who had service with heritage Bank One and were re-employed prior to January 1, 2005: Your total service will not include such prior Bank One service if it would not have been recognized by the heritage Bank One Corporation Bank One Plan for vesting purposes. For example, if you had a break in service that began prior to being vested in the Bank One Plan and your break exceeded five years, then service prior to the break will not be part of total service.

Your right or your designated beneficiary's right to receive plan benefits. In general, you are 100% vested in your Retirement Plan accrued benefit (i.e., your account balance) after completing three years of total service. Please see "When You Are Vested" for more information.