ATTACHING TO AND FORMING PART OF POLICY: JC 1001

It is hereby understood and agreed that this policy is intended to cover "Employee Benefit Liability" as fully defined in the Underlying Umbrella Policy(ies) as provided in the wording of this policy.

Notwithstanding anything stated above to the contrary it is understood and agreed that the above extension in coverage shall not apply to claims based upon the Employee Retirement Income Security Act of 1974 Public Law 93-405 commonly referred to as the Employee Retirement Income Security Act of 1974 and any amendments thereto, or similar provisions of any Federal, State or Local Statutory Law or Common Law.