EXHIBIT 10.9

SIERRA HEALTH SERVICES, INC.

DEFERRED COMPENSATION PLAN

Effective May 1, 1996, as Amended
and Restated January 1, 2006

TABLE OF CONTENTS

Page

Purpose
 
1
         
ARTICLE 1
Definitions
1
         
ARTICLE 2
Selection, Enrollment, Eligibility
7
         
2.1
 
Selection by Committee
7
2.2
 
Enrollment Requirements
7
2.3
 
Eligibility; Commencement of Participation
7
2.4
 
Termination of Participation and/or Deferrals
7
         
ARTICLE 3
Deferral Commitments/Company Matching/Crediting/Taxes
8
         
3.1
 
Minimum Deferral
8
3.2
 
Maximum Deferral
8
3.3
 
Election to Defer; Effect of Election Form
9
3.4
 
Withholding of Annual Deferral Amounts
9
3.5
 
Annual Company Matching Amount
9
3.6
 
Annual Company Restoration Amount
10
3.7
 
Vested Company Matching Account, Vested Company
     
Restoration Account, and Deferral Account
11
3.8
 
Crediting/Debiting of Account Balances
11
3.9
 
FICA, Withholding and Other Taxes
13
3.10
 
Rollovers From Prior Deferred Compensation Plan
14
         
ARTICLE 4
Short-Term Payout; Unforeseeable Financial Emergencies;
     
Withdrawal Election
14
         
4.1
 
Short-Term Payout
14
4.2
 
Other Benefits Take Precedence Over Short-Term Payout
14
4.3
 
Withdrawal Payout/Suspensions for Unforeseeable Financial Emergencies
15
4.4
 
Withdrawal Election
15
     
ARTICLE 5
Retirement Benefit
15
         
5.1
 
Retirement Benefit
15
5.2
 
Payment of Retirement Benefit
15
5.3
 
Death Prior to Completion of Retirement Benefit
16

 
ARTICLE 6
Pre-Retirement Survivor Benefit
16
           
6.1
 
Pre-Retirement Survivor Benefit
16
6.2
 
Payment of Pre-Retirement Survivor Benefit
16
           
ARTICLE 7
Termination Benefit
16
           
7.1
 
Termination Benefit
16
7.2
 
Payment of Termination Benefit
17
           
ARTICLE 8
Disability Waiver and Benefit
17
           
8.1
 
Disability Waiver
17
8.2
 
Continued Eligibility; Disability Benefit
17
           
ARTICLE 9
Beneficiary Designation
18
           
9.1
 
Beneficiary
18
9.2
 
Beneficiary Designation; Change; Spousal Consent
18
9.3
 
Acknowledgment
19
9.4
 
No Beneficiary Designation
19
9.5
 
Doubt as to Beneficiary
19
9.6
 
Discharge of Obligations
19
           
ARTICLE 10
Leave of Absence; Consulting
19
     
10.1
 
Paid Leave of Absence
19
10.2
 
Unpaid Leave of Absence
19
10.3
 
Consulting Arrangements
20
     
ARTICLE 11
Termination, Amendment or Modification
20
     
11.1
 
Termination
21
11.2
 
Amendment
21
11.3
 
Plan Agreement
21
11.4
 
Effect of Payment
21
     
ARTICLE 12
Administration
21
     
12.1
 
Committee Duties
21
12.2
 
Agents
22
12.3
 
Binding Effect of Decisions
22
12.4
 
Indemnity of Committee
22
12.5
 
Employer Information
22

ARTICLE 13
Other Benefits and Agreements
22
           
13.1
 
Coordination with Other Benefits
22
           
ARTICLE 14
Claims Procedures
22
           
14.1
 
Presentation of Claim
22
14.2
 
Notification of Decision
23
14.3
 
Review of a Denied Claim
23
14.4
 
Decision on Review
23
14.5
 
Legal Action
24
           
ARTICLE 15
Trust
24
           
15.1
 
Establishment of the Trust
24
15.2
 
Interrelationship of the Plan and the Trust
24
15.3
 
Distributions From the Trust
24
     
ARTICLE 16
Miscellaneous
24
     
16.1
 
Unsecured General Creditor
24
16.2
 
Employer's Liability
25
16.3
 
Nonassignability
25
16.4
 
Not a Contract of Employment
25
16.5
 
Furnishing Information
25
16.6
 
Terms
26
16.7
 
Captions
26
16.8
 
Governing Law
26
16.9
 
Notice
26
16.10
 
Successors
26
16.11
 
Spouse's Interest
26
16.12
 
Validity
26
16.13
 
Incompetent
27
16.14
 
Court Order
27
16.15
 
Distribution in the Event of Taxation
28
16.16
 
Legal Fees To Enforce Rights After Change in Control
28

--------------------------------------------------------------------------------

SIERRA HEALTH SERVICES, INC.

DEFERRED COMPENSATION PLAN

Effective May 1, 1996, as Amended
and Restated August 10, 2006

Purpose

The purpose of this Plan is to provide specified benefits to a select group of
management or highly compensated Employees who contribute materially to the
continued growth, development and future business success of the Sierra Health
Services, Inc., a Nevada corporation, and its subsidiaries (including lower-tier
subsidiaries), if any, that sponsor this Plan. This Plan shall be unfunded for
tax purposes and for purposes of Title I of ERISA.

ARTICLE 1
Definitions

For purposes hereof, unless otherwise clearly apparent from the context, the
following phrases or terms shall have the following indicated meanings:

1.1
"Account Balance" shall mean, with respect to a Participant, the sum of (i) the
Deferral Account plus (ii) the Vested Company Matching Account plus (iii) the
Vested Company Restoration Account. This account shall be a bookkeeping entry
only and shall be utilized solely as a device for the measurement and
determination of the amounts to be paid to a Participant pursuant to this Plan.

1.2
"Annual Bonus" shall mean any annual cash compensation in addition to Base
Annual Salary relating to services performed during any calendar year, whether
or not paid in such calendar year or included on the Federal Income Tax Form W-2
for such calendar year, payable to a Participant as an Employee under any
Employer's annual bonus and incentive plans, including any such bonuses payable
to physician employees.

1.3
"Annual Company Matching Amount" for any one Plan Year shall be the amount
determined in accordance with Section 3.5.

1.4
"Annual Company Restoration Amount" for any one Plan Year shall be the amount
determined in accordance with Section 3.6.

 
1.5
"Annual Deferral Amount" shall mean that portion of a Participant's Base Annual
Salary and/or Annual Bonus that a Participant elects to have, and is, deferred
in accordance with Article 3, for any one Plan Year. In the event of a
Participant's Retirement, Disability (if deferrals cease in accordance with
Section 8.1), death or a Termination of Employment prior to the end of a Plan
Year, such year's Annual Deferral Amount shall be the actual amount withheld
prior to such event.

1.6
"Base Annual Salary" shall mean the annual cash compensation relating to
services performed during any calendar year, whether or not paid in such
calendar year or included on the Federal Income Tax Form W-2 for such calendar
year including bonuses (other than the Annual Bonus), commissions, severance
payments and overtime, but excluding stock option income, relocation expenses,
non-monetary awards, fringe benefits, retainers, directors fees and other fees,
pay in lieu of vacations, insurance premiums paid by an Employer, insurance
benefits paid to the Participant or his or her beneficiary, Employer
contributions to qualified or nonqualified plans and automobile and other
allowances paid to a Participant for employment services rendered (whether or
not such allowances are included in the Employee's gross income). Base Annual
Salary shall be calculated before reduction for compensation voluntarily
deferred or contributed by the Participant pursuant to all qualified or
non-qualified plans and shall be calculated to include amounts not otherwise
included in the Participant's gross income under Code Sections 125, 402(e)(3),
or 402(h) pursuant to plans established by any Employer; provided however that
all such amounts will be included in compensation only to the extent that, had
there been no such plan, the amount would have been payable in cash to the
Employee.

1.7
"Beneficiary" shall mean one or more persons, trusts, estates or other entities,
designated in accordance with Article 9, that are entitled to receive benefits
under this Plan upon the death of a Participant.

1.8
"Beneficiary Designation Form" shall mean the form, established from time to
time by the Committee, that a Participant completes, signs and returns to the
Committee to designate one or more Beneficiaries.

1.9
"Board" shall mean the board of directors of the Company.

1.10
"Change in Control" shall mean a transaction or event in which, after the
effective date of the Plan, (i) the Company shall merge or consolidate with any
other corporation and shall not be the surviving corporation; (ii) the Company
shall transfer all or substantially all of its assets to any other person; or
(iii) any person shall have become the beneficial owner of more than 50% of the
voting power of outstanding voting securities of the Company.

1.11
"Claimant" shall have the meaning set forth in Section 14.1.

 
1.12
"Code" shall mean the Internal Revenue Code of 1986, as it may be amended from
time to time.

1.13
"Committee" shall mean the committee described in Article 12.

1.14
"Company" shall mean Sierra Health Services, Inc., a Nevada corporation.

1.15
"Company Matching Account" shall mean the sum of all of a Participant's Annual
Company Matching Amounts plus amounts credited and debited in accordance with
all the applicable crediting provisions of this Plan, less all distributions
made to the Participant or his or her Beneficiary pursuant to this Plan that
relate to his or her Company Matching Account. This account shall be a
bookkeeping entry only and shall be utilized solely as a device for the
measurement and determination of the amounts to be paid to the Participant
pursuant to this Plan.

1.16
"Company Restoration Account" shall mean the sum of all of a Participant's
Annual Company Restoration Amounts plus amounts credited and debited in
accordance with all the applicable provisions of the Plan, less all
distributions made to the Participant or his or her Beneficiary pursuant to the
Plan that relate to his or her Company Restoration Account. This account shall
be a bookkeeping entry only and shall be utilized solely as a device for the
measurement and determination of the amounts to be paid to the Participant
pursuant to this Plan.

1.17
"Deferral Account" shall mean the sum of all of a Partici-pant's Annual Deferral
Amounts, plus amounts credited and debited in accordance with all the applicable
provisions of the Plan, less all distributions made to the Participant or his or
her Beneficiary pursuant to the Plan that relate to his or her Deferral Account.
This account shall be a bookkeeping entry only and shall be utilized solely as a
device for the measurement and determination of the amounts to be paid to the
Participant pursuant to this Plan.

1.18
"Deduction Limitation" shall mean the following described limitation on a
benefit that may otherwise be distributable pursuant to the provisions of this
Plan. Except as otherwise provided, this limitation shall be applied to all
distributions that are "subject to the Deduction Limitation" under this Plan. If
an Employer determines in good faith prior to a Change in Control that there is
a reasonable likelihood that any compensation paid to a Participant for a
taxable year of the Employer would not be deductible by the Employer solely by
reason of the limitation under Code Section 162(m), then to the extent deemed
necessary by the Employer to ensure that the entire amount of any distribution
to the Participant pursuant to this Plan prior to the Change in Control is
deductible, the Employer may defer all or any portion of a distribution under
this Plan. Any amounts deferred pursuant to this limitation shall be credited
and debited with additional amounts in accordance with Section 3.8 below, even
if such amount is being paid out in installments. The amounts so deferred
adjusted to reflect amounts credited and debited thereon shall be distributed to
the Participant or his or her Beneficiary (in the event of the Participant's
death) at the earliest possible date, as determined by the Employer in good
faith, on which the deductibility of compensation paid or payable to the
Participant for the taxable year of the Employer during which the distribution
is made will not be limited by Section 162(m), or if earlier, the effective date
of a Change in Control. Notwith-stand-ing anything to the contrary in this Plan,
the Deduction Limitation shall not apply to any distributions made after a
Change in Control.

1.19
"Disability" shall mean a period of disability during which a Participant
qualifies for disability benefits under the Participant's Employer's long-term
disability plan, or, if a Participant does not participate in such a plan, a
period of disability during which the Participant would have qualified for
disability benefits under such a plan had the Participant been a participant in
such a plan, as determined in the sole discretion of the Committee. If the
Participant's Employer does not sponsor such a plan, or discontinues to sponsor
such a plan, Disability shall be determined by the Committee in its sole
discretion.

1.20
"Disability Benefit" shall mean the benefit set forth in Article 8.

1.21
"Election Form" shall mean the form established from time to time by the
Committee that a Participant completes, signs and returns to the Committee to
make an election under the Plan.

1.22
"Employee" shall mean a person who is an employee of any Employer.

1.23
"Employer(s)" shall mean the Company and/or any of its subsidiaries (now in
existence or hereafter formed or acquired) that have been selected by the Board
to participate in the Plan and have adopted the Plan.

1.24
"ERISA" shall mean the Employee Retirement Income Security Act of 1974, as
amended from time to time.

1.25
"401(k) Plan" shall be that certain Sierra Health Services, Inc. Profit
Sharing/401(k) Plan & Trust, dated January 1, 1989 and adopted by the Company.

1.26
"Monthly Installment Method" shall be an installment payment method over the
duration selected by the Participant in accordance with this Plan, calculated as
follows: The Participant's Account Balance, as of the date of the Participant's
Retirement, death, Disability or Termination of Employment, shall be multiplied
by a fraction, the numerator of which is 1 and the denominator of which is the
number of periods over which the installment payments shall be paid. The result
of this multiplication shall be the amount of each installment payment for the
Plan Year in which the Participant Retired, died, suffered a Disability or
experienced a Termination of Employment and this amount shall be paid starting
on the first day of the month following the Participant's Retirement, Death,
Disability or Termination of Employment and shall continue to be paid on the
first day of each month thereafter during that Plan Year. For each subsequent
Plan Year during the installment payment period, the Participant's Account
Balance shall be determined as of January 1 of that Plan Year, in accordance
with Section 3.8, after taking into account all previous installment payments,
and such balance shall be multiplied by the fraction described above, except
that the denominator shall be the number of remaining periods over which the
installment payments are to be paid. The resulting amount shall be the amount of
each installment payment for the Plan Year, which amount shall be paid on the
first day of each month during the Plan Year. If a Participant has a positive
Account Balance after the end of the elected installment payment period, the
remaining Account Balance shall be paid in a lump sum on the first day of the
month following the month in which the installment period ends. If any
installment, if paid, would reduce the Participant's Account Balance to zero or
below, that installment payment shall be reduced so that the Participant's
Account Balance does not go below zero and all future installment payments shall
cease.

1.27
"Participant" shall mean any person (i) who, as an Employee, is selected to
participate in the Plan, (ii) who elects to participate in the Plan, (iii) who
signs a Plan Agreement, an Election Form and a Beneficiary Designation Form,
(iv) whose signed Plan Agreement, Election Form and Beneficiary Designation Form
are accepted by the Committee, (v) who commences participation in the Plan, and
(vi) whose Plan Agreement has not terminated. A spouse or former spouse of a
Participant shall not be treated as a Participant in the Plan, even if he or she
has an interest in the Participant's benefits under the Plan under applicable
law or as a result of property settlements resulting from legal separation or
divorce.

1.28
"Plan" shall mean the Company's Deferred Compensation Plan, which shall be
evidenced by this instrument and by each Plan Agreement, as they may be amended
from time to time.

1.29
"Plan Agreement" shall mean a written agreement, as may be amended from time to
time, which is entered into by and between an Employer and a Participant. The
terms of any Plan Agreement may vary any of the terms set forth in this Plan and
such changes shall be binding on the Employer and the Participant if the Plan
Agreement is signed by the Participant and accepted by the Employer. The Plan
Agreement executed by a Participant and accepted by the Employer shall provide
for the entire benefit to which such Participant is entitled under the Plan;
should there be more than one Plan Agreement, the Plan Agreement bearing the
latest date of acceptance by the Employer shall supersede all previous Plan
Agreements in their entirety and shall govern the agreement between the parties.

1.30
"Plan Year" shall, for the first Plan Year, begin on May 1, 1996 and end on
December 31, 1996. For each Plan Year thereafter, the Plan Year shall begin on
January 1 of each year and continue through December 31.

1.31
"Pre-Retirement Survivor Benefit" shall mean the benefit set forth in Article 6.

1.32
"Retirement," "Retire(s)" or "Retired" shall mean, with respect to an Employee,
severance from employment from all Employers for any reason other than a leave
of absence, death or Disability on or after age sixty-five (65) or on or after
age fifty-five (55) with ten (10) Years of Service, subject to Section 10.3.

1.33
"Retirement Benefit" shall mean the benefit set forth in Article 5.

1.34
"Short-Term Payout" shall mean the payout set forth in Section 4.1.

1.35
"Termination Benefit" shall mean the benefit set forth in Article 7.

1.36
"Termination of Employment" shall mean the ceasing of employment with all
Employers, voluntarily or involuntarily, for any reason other than Retirement,
Disability, death or an authorized leave of absence, subject to Section 10.3.

1.37
"Trust" shall mean the trust established pursuant to that certain Master Trust
Agreement, dated as of May 1, 1996 between the Company and the trustee named
therein, as amended from time to time.

1.38
"Unforeseeable Financial Emergency" shall mean an unanticipated emergency that
is caused by an event beyond the control of the Participant that would result in
severe financial hardship to the Participant resulting from (i) a sudden and
unexpected illness or accident of the Participant or a dependent of the
Participant, (ii) a loss of the Participant's property due to casualty, or (iii)
such other extraordinary and unforeseeable circumstances arising as a result of
events beyond the control of the Participant, all as determined in the sole
discretion of the Committee.

1.39
"Unvested Accrued Amounts" shall mean the part of a Participant's Company
Matching Account and Company Restoration Account which is not vested under
Section 3.7.

1.40
"Vested Company Matching Account" shall have the meaning set forth in Section
3.7.

1.41
"Vested Company Restoration Account" shall have the meaning set forth in Section
3.7.

1.42  
"Years of Service" shall mean the total number of full years in which a
Participant has been employed by one or more Employers. For purposes of this
definition, a year of employment shall be a 365 day period (or 366 day period in
the case of a leap year) that, for the first year of employment, commences on
the Employee's date of hiring and that, for any subsequent year, commences on an
anniversary of that hiring date. Any partial year of employment shall not be
counted.

ARTICLE 2
Selection, Enrollment, Eligibility

2.1
Selection by Committee. Participation in the Plan shall be limited to a select
group of management or highly compensated Employees of the Employers, as
determined by the Committee in its sole discretion. From that group, the
Committee shall select, in its sole discretion, Employees to participate in the
Plan. For this purpose, the term "highly compensated" shall be interpreted in a
manner consistent with regulations and other guidance under the Code.

2.2
Enrollment Requirements. As a condition to participation, each selected Employee
shall complete, execute and return to the Committee, within 30 days of
selection, a Plan Agreement, an Election Form and a Beneficiary Designation
Form. In addition, the Committee shall establish from time to time such other
enrollment requirements as it determines in its sole discretion are necessary.

2.3
Eligibility; Commencement of Participation. Provided an Employee selected to
participate in the Plan has met all enrollment requirements set forth in this
Plan and required by the Committee, including returning all required documents
to the Committee within 30 days of selection, that Employee shall commence
participation in the Plan on the first day of the next month which begins
following the date the Employee completes all enrollment requirements. If an
Employee fails to meet all such requirements within the required 30 day period,
that Employee shall not be eligible to participate in the Plan until the first
day of a month during the Plan Year following the delivery to and acceptance by
the Committee of the required documents.

2.4
Termination of Participation and/or Deferrals. If the Committee determines in
good faith that a Participant no longer qualifies as a member of a select group
of management or highly compensated employees, as membership in such group is
determined in accordance with Section 2.1 or otherwise under Sections 201(2),
301(a)(3) and 401(a)(1) of ERISA, the Committee shall have the right, in its
sole discretion, to (i) terminate any deferral election the Participant has made
for the Plan Year in which the Participant's membership status changes, (ii)
prevent the Participant from making future deferral elections and/or (iii)
immediately distribute the Participant's then Account Balance, determined as if
there has occurred a Termination of Employment and terminate the Participant's
participation in the Plan. If the Committee chooses to terminate the
Participant's participation in the Plan, the Committee may, in its sole
discretion, reinstate the Participant to full Plan participation at such time in
the future as the Participant again becomes a member of the select group
described above. The foregoing notwithstanding, if the Participant ceases to
qualify as "highly compensated" under Section 2.1, the Committee may permit the
Participant to continue participation for a reasonable period thereafter in
order to permit the Participant an opportunity to reattain "highly compensated"
status.

ARTICLE 3
Deferral Commitments/Company Matching/Crediting/Taxes

3.1
Minimum Deferral.

 
(a)
Minimum. For each Plan Year, a Participant may elect to defer, as his or her
Annual Deferral Amount, a minimum of $2,000 from either his or her Base Annual
Salary or Annual Bonus. If an election is made for less than the stated minimum
amount, or if no election is made, the amount deferred shall be zero.

 
(b)
Short Plan Year. If a Participant first becomes a Participant after the first
day of a Plan Year, or in the case of the first Plan Year of the Plan itself,
the minimum deferral shall be an amount equal to the minimum set forth above,
multiplied by a fraction, the numerator of which is the number of complete
months remaining in the Plan Year and the denominator of which is 12.

3.2
Maximum Deferral.

 
(a)
Maximum. For each Plan Year, a Participant may elect to defer, as his or her
Annual Deferral Amount, Base Annual Salary and/or Annual Bonus up to the
following maximum percentages for each deferral elected:

       Maximum
Deferral
   Amount          
Base Annual Salary
 90%
 
Annual Bonus
 90%
 

 
(b)
Short Plan Year. If a Participant first becomes a Participant after the first
day of a Plan Year, or in the case of the first Plan Year itself, for such Plan
Year only, a Participant may elect to defer, as his or her Annual Deferral
Amount, Base Annual Salary and/or Annual Bonus that accrue after the date of
entry into the Plan, a dollar amount up to an amount equal to the limits set
forth in Section 3.2(a) above multiplied by such Participant's total amount of
Base Annual Salary and/or Annual Bonus for the entire Plan Year.

3.3
Election to Defer; Effect of Election Form.

 
(a)
First Plan Year. In connection with a Participant's commencement of
participation in the Plan, the Participant shall make an irrevocable deferral
election for the Plan Year in which the Participant commences participation in
the Plan, along with such other elections as the Committee deems necessary or
desirable under the Plan. For these elections to be valid, the Election Form
must be completed and signed by the Participant, timely delivered to the
Committee (in accordance with Section 2.3 above), and accepted by the Committee.

 
(b)
Subsequent Plan Years. For each succeeding Plan Year, an irrevocable deferral
election for that Plan Year, and such other elections as the Committee deems
necessary or desirable under the Plan, shall be made by timely delivering to the
Committee, in accordance with its rules and procedures, before the end of the
Plan Year preceding the Plan Year for which the election is made, a new Election
Form. If no such Election Form is timely delivered for a Plan Year, no Annual
Deferral Amount shall be withheld for that Plan Year.

A Participant may amend his or her Election Form for a particular Plan Year to
increase the amount of deferral, one time during the Plan Year, only as provided
in this paragraph. For the amended Election Form to be valid, the amended
Election Form must be completed and signed by the Participant, delivered to the
Committee, and accepted by the Committee. The Committee has sole discretion to
accept, reject, or otherwise rule on the amended Election Form. The deferral
amount or percentage that the Participant includes on his or her reused Election
Form, shall be limited to the portion of such Participant’s Base Annual Salary
not yet earned by the Participant as of the date the Participant submits the
revised Election Form to the Committee for acceptance.

3.4
Withholding of Annual Deferral Amounts. For each Plan Year, the Base Annual
Salary portion of the Annual Deferral Amount shall be withheld in equal amounts
from each regularly scheduled Base Annual Salary payroll, commencing at the
earliest practicable payroll after participation begins. The Annual Bonus
portion of the Annual Deferral Amount shall be withheld at the time the Annual
Bonus is or otherwise would be paid to the Participant, whether or not this
occurs during the Plan Year itself.

3.5
Annual Company Matching Amount. With respect to Plan Years prior to and
including the 1999 Plan Year and in the 2006 Plan Year and later Plan Years, if,
and only if, a Participant participates in the 401(k) Plan to the maximum extent
possible under the limits applicable to the Plan for the Plan Year, the
Participant's Annual Company Matching Amount for such Plan Year shall be equal
to 50% of the Participant's Annual Deferral Amount for such Plan Year, up to an
amount that does not exceed the lesser of 6% of the Participant's Base Annual
Salary for 2006 and later Plan Years (5% for 1999 and earlier Plan Years) or 50%
of the IRC 402(g)(1) limit in the effect for the Plan Year, reduced by the
amount of any Company matching contributions made to the 401(k) Plan on his or
her behalf for the plan year of the 401(k) Plan that corresponds to the Plan
Year. The Annual Company Matching Amount shall be credited to the Participant's
Company Matching Account as of the first day of February of the Plan Year
following the Plan Year to which it relates. Notwithstanding the above, if a
Participant is not employed by an Employer as of the last day of a Plan Year
other than by reason of his or her Retirement, Disability or death, the Annual
Company Matching Amount for such Plan Year shall be zero. In the event of
Retirement, Disability or death, a Participant shall be credited with the Annual
Company Matching Amount for the Plan Year in which he or she Retires, dies or
becomes disabled. The foregoing notwithstanding, for any Plan Year from the 2000
Plan Year through the 2005 Plan Year, no Annual Company Matching Amount shall be
credited to the Participant's Company Matching Account, although prior Annual
Company Matching Amounts credited to such Account shall remain subject to the
Plan.

3.6
Annual Company Restoration Amount. The Participant's Annual Company Restoration
Amount for each Plan Year beginning on or after January 1, 1997 shall be equal
to the amount of employer contributions other than matching contributions under
the 401(k) Plan which would have been made on the Participant's behalf and
allocated to the Participant's account on or after July 1, 1997 for such Plan
Year but for one or more limitations imposed by the 401(k) Plan pursuant to the
Code, including but not limited to any such amounts resulting from the
application of the compensation limitations contained in Code Section 401(a)(17)
or the limitations contained in Code Section 415. For purposes of this Section
3.6, employer contributions under the 401(k) Plan exclude contributions
resulting from the cash or deferred arrangement under the 401(k) Plan but
include contributions resulting from the reallocation of prior employer
contributions (other than matching contributions) forfeited by other 401(k) Plan
participants. The Annual Company Restoration Amount shall be credited to the
Participant's Company Restoration Account as of the date or dates such amounts
would have been allocated to the Participant's account(s) under the 401(k) Plan
if such amounts had in fact been allocated under the 401(k) Plan. The foregoing
notwithstanding, if a Participant is not employed by an Employer as of the last
day of a Plan Year other than by reason of his or her Retirement, Disability or
death, the Annual Company Restoration Amount for such Plan Year shall be zero.
In the event of Retirement, Disability or death, a Participant shall be credited
with the Annual Company Restoration Amount for the Plan Year in which he or she
Retires, dies or becomes disabled. The Participant's Annual Company Restoration
Amount for each Plan Year prior to the Plan Year beginning January 1, 1997 shall
be zero. It is understood that the Company will discontinue employer
contributions other than matching contributions under the 401(k) Plan in Plan
Years after 1999, so that no amount will be credited as an Annual Company
Restoration Amounts in respect of such Plan Years.

3.7
Vested Company Matching Account, Vested Company Restoration Account and Deferral
Account. With respect to all benefits under this Plan other than the Termination
Benefit, a Participant's Vested Company Matching Account shall equal 100% of
such Participant's Company Matching Account and a Participant's Vested Company
Restoration Account shall equal 100% of such Participant's Company Restoration
Account. With respect to the Termination Benefit, in the case of a Termination
of Employment prior to July 1, 1999, the vesting of a Participant's Company
Matching Account and Company Restoration Account shall be governed by the terms
of this Plan as in effect at the time of such Termination of Employment. With
respect to the Termination Benefit, in the case of a Termination of Employment
on or after July 1, 1999, a Participant's Company Matching Account and Company
Restoration Account shall vest on the basis of the Partici-pant's Years of
Service at the time the Participant experiences a Termination of Employment, in
accordance with the following schedule for balances resulting from Company
Matching Amounts and Company Restoration Amounts for the Plan Year after 1999:

     
Vested Percentage of
 
Years of Service at Date of
Termination of Employment
   
Company Matching Account and
Company Restoration Account
           
Less than 1 year
     
   0%
   
1 year or more, but less than 2
     
 33%
   
2 years or more, but less than 3
     
 66%
   
3 years or more
     
100%
   

The foregoing notwithstanding, after a Change in Control, a Participant's Vested
Company Matching Account shall equal 100% of such Participant's Company Matching
Account and a Participant's Vested Company Restoration Account shall equal 100%
of such Participant's Company Restoration Account. A Participant's Deferral
Account shall always be 100% vested.

3.8
Crediting/Debiting of Account Balances. In accordance with, and subject to, the
rules and procedures that are established from time to time by the Committee, in
its sole discretion, amounts shall be credited or debited to a Participant's
Account Balance (and to the Participant's Unvested Accrued Amounts) in
accordance with the following rules:

 
(a)
Election of Measurement Funds. A Participant, in connection with his or her
initial deferral election in accordance with Section 3.3(a) above, shall elect,
on the Election Form, one or more Measurement Fund(s) (as described in Section
3.8(c) below) to be used to determine the additional amounts to be credited or
debited to his or her Account Balance (and Unvested Accrued Amounts) from the
date on which the Participant commences participation in the Plan and continuing
thereafter, unless changed in accordance with the next sentence. Commencing with
the January 1 or July 1 ("Investment Election Date") that follows the
Participant's commencement of participation in the Plan and on each subsequent
Investment Election Date during which the Participant participates in the Plan,
no later than the day before an Investment Election Date, the Participant may
(but is not required to) elect, by submitting an Election Form to the Committee
that is accepted by the Committee, to add or delete one or more Measurement
Fund(s) tobe used to determine the amounts to be credited or debited to his or
her Account Balance (and Unvested Accrued Amounts), or to change the portion of
his or her Account Balance (and Unvested Accrued Amounts) allocated to each
previously or newly elected Measurement Fund. If an election is made in
accordance with the previous sentence, it shall apply to the next Investment
Election Date and continue thereafter, unless changed in accordance with the
previous sentence. Notwith-stand-ing the foregoing, the maximum transfer that
may be made from the Declared Rate Measurement Fund to another Measurement Fund
in any one Plan Year cannot exceed 20% of the maximum balance in the
Participant's account in the Declared Rate Measurement Fund in the current Plan
Year and the four prior Plan Years, provided that this restriction shall no
longer apply upon termination of the Declared Rate Measurement Fund in
accordance with Section 3.8(c).

 
(b)
Proportionate Allocation. In making any election described in Section 3.8(a)
above, the Participant shall specify on the Election Form, in whole percentage
points (1%), the percentage of his or her Account Balance (and Unvested Accrued
Amounts) to be allocated to a Measurement Fund (as if the Participant was making
an investment in that Measurement Fund with that portion of his or her Account
Balance and Unvested Accrued Amounts).

 
(c)
Measurement Funds. The Participant may elect one or more measurement funds,
based on certain mutual funds (the "Measurement Funds"), for the purpose of
crediting or debiting amounts to his or her Account Balance (and Unvested
Accrued Amounts). The Committee shall select the mutual funds that are to be
used as Measurement Funds. As necessary, the Committee may, in its sole
discretion, discontinue, substitute or add a Measurement Fund at any time. Each
such action will take effect as of the first day of the calendar quarter that
follows by thirty (30) days the day on which the Committee gives Participants
advance written notice of such change. In addition, a Declared Rate Measurement
Fund shall be maintained until December 31, 1999, under which interest shall be
credited at a rate as specified by the Company on the November 1 of the year
prior to the Plan Year for which the amount of interest is being determined;
provided, however, that as of January 1, 2000, the Declared Rate Measurement
Fund will be terminated and all balances therein shall be transferred to such
other Measurement Funds as may have been elected by the Participant or, in the
absence of any election, to a Measurement Fund consisting of one or more
Guaranteed Interest Contracts.

 
(d)
Crediting or Debiting Method. The performance of each selected Measurement Fund
(either positive or negative) will be determined by the Committee in its sole
discretion based on the performance of the Measurement Funds themselves or, in
the case of the Declared Rate Measurement Fund (prior to its termination), based
on the amount of accrued interest credited to the fund. A Participant's Account
Balance (and Unvested Accrued Amounts) shall be credited or debited based on
such performance of the Measurement Funds as determined by the Committee in its
sole discretion. As of each Investment Election Date, the Committee shall
distribute to the Participants a statement of their respective Account Balances
(and Unvested Accrued Amounts). Furthermore, in the event of a Participant's
termination of employment or any other event requiring a determination of the
Participant's Benefit or the value of a Participant's Account Balance, the
Account Balance shall be determined based on the performance of the relevant
Measurement Fund(s) through the last date of the pay period during which the
event occurs and shall not be further adjusted thereafter.

 
(e)
No Actual Investment. Notwithstanding any other provision of this Plan that may
be interpreted to the contrary, the Measurement Funds are to be used for
measurement purposes only, and a Participant's election of any such Measurement
Fund, the allocation to his or her Account Balance (and Unvested Accrued
Amounts) thereto, the calculation of additional amounts and the crediting or
debiting of such amounts to a Partici-pant's Account Balance (and Unvested
Accrued Amounts) shall not be considered or construed in any manner as an actual
investment of his or her Account Balance (or Unvested Accrued Amounts) in any
such Measurement Fund. In the event that the Company or the Trustee (as that
term is defined in the Trust), in its own discretion, decides to invest funds in
any or all of the Measurement Funds, no Participant shall have any rights in or
to such investments themselves. Without limiting the foregoing, a Participant's
Account Balance (and Unvested Accrued Amounts) shall at all times be a
bookkeeping entry only and shall not represent any investment made on his or her
behalf by the Company or the Trust; the Participant shall at all times remain an
unsecured creditor of the Company.

3.9
FICA, Withholding and Other Taxes. For each Plan Year in which an Annual
Deferral Amount is being withheld or an Annual Company Matching Amount or Annual
Company Restoration Amount is credited to a Participant, the Participant's
Employer(s) shall withhold from that portion of the Participant's Base Annual
Salary and/or Annual Bonus that is not being deferred, in a manner determined by
the Employer(s), the Participant's share of FICA and other employment taxes. If
necessary, the Committee shall reduce the Annual Deferral Amount in order to
comply with this Section 3.9. In addition, the Participant's Employer(s) or the
Trust, shall withhold from any payments made to a Participant under this Plan
all federal, state and local income, employment and other taxes required to be
withheld in connection with such payments, in amounts and in a manner to be
determined in the sole discretion of the Employer(s) or the Trust.

3.10
Rollovers From Prior Deferred Compensation Plan. A Participant who participated
in the Company's prior nonqualified deferred compensation plan shall have the
right, under such rules and at such times as are prescribed by the Committee, to
roll over the benefit that the Participant is entitled to receive pursuant to
such prior nonqualified deferred compensation plan so that such amount shall be
held and administered pursuant to the terms of this Plan and shall be received
at the same time that benefits are received pursuant to this Plan.

ARTICLE 4
Short-Term Payout; Unforeseeable Financial Emergencies;
Withdrawal Election

4.1
Short-Term Payout. In connection with each election to defer an Annual Deferral
Amount, a Participant may elect to receive a future "Short-Term Payout" from the
Plan with respect to that Annual Deferral Amount. Subject to the Deduction
Limitation, the Short-Term Payout shall be a lump sum payment in an amount that
is equal to the Annual Deferral Amount plus amounts credited or debited in the
manner provided in Section 3.8 above on that amount, determined at the time of
the Short-Term Payout becomes payable. If the Annual Deferral Amount is deferred
in the 1999 Plan Year or an earlier Plan Year, each Short-Term Payout elected
shall be paid, subject to the Deduction Limitation, within 60 days of the first
day of the Plan Year that is at least four years after the last day of the Plan
Year in which the Annual Deferral Amount is actually deferred, subject to the
terms and conditions of this Plan. If the Annual Deferral Amount is deferred
after the 1999 Plan Year, each Short-Term Payout elected shall be paid, subject
to the Deduction Limitation, within 60 days of the first day of the Plan Year
elected by the Participant that is two or more years after the last day of the
Plan Year in which the Annual Deferral Amount is actually deferred, subject to
the terms and conditions of this Plan. By way of example, if a Short-Term Payout
is elected for amounts that are deferred in the Plan Year commencing January 1,
1997, the Short-Term Payout becomes payable within 60 days after January 1,
2002; if a Short-Term Payout is elected for amounts that are deferred in the
Plan Year commencing January 1, 2000, the earliest that the Participant could
elect to receive such Short-Term Payout would be 60 days after January 1, 2003
(although the Participant would be permitted to elect a greater number of years
of deferral for the Short-Term Payout).

4.2
Other Benefits Take Precedence Over Short-Term Payout. Should an event occur
that triggers a benefit under Articles 5, 6, 7 or 8 or Section 16.14, any Annual
Deferral Amount, plus amounts credited or debited thereon, that is subject to a
Short-Term Payout election under Section 4.1 shall not be paid in accordance
with Section 4.1 but shall be paid in accordance with the other applicable
Article or Section.

4.3
Withdrawal Payout/Suspensions for Unforeseeable Financial Emergencies. If the
Participant experiences an Unforeseeable Financial Emergency, the Participant
may petition the Committee to (i) suspend any deferrals required to be made by a
Participant and/or (ii) receive a partial or full payout from the Plan. The
payout shall not exceed the lesser of the Participant's Account Balance,
calculated as if such Participant were receiving a Termination Benefit, or the
amount reasonably needed to satisfy the Unforeseeable Financial Emergency. If,
subject to the sole discretion of the Committee, the petition for a suspension
and/or payout is approved, suspension shall take effect upon the date of
approval and any payout shall be made within 60 days of the date of approval.
The payment of any amount under this Section 4.3 shall not be subject to the
Deduction Limitation.

4.4
Withdrawal Election. A Participant may elect, at any time, to withdraw all of
his or her Account Balance, less a withdrawal penalty equal to 7% of such amount
(the net amount shall be referred to as the "Withdrawal Amount"). This election
can be made at any time, before or after Retirement, Disability, death or
Termination of Employment, and whether or not the Participant (or Beneficiary)
is in the process of being paid pursuant to an installment payment schedule. If
made before Retirement, Disability or death, a Participant's Withdrawal Amount
shall be his or her Account Balance calculated as if there had occurred a
Termination of Employment as of the day of the election. No partial withdrawals
of the Withdrawal Amount shall be allowed. The Participant shall make this
election by giving the Committee advance written notice of the election in a
form determined from time to time by the Committee. The Participant shall be
paid the Withdrawal Amount within 60 days of his or her election. Once the
Withdrawal Amount is paid, the Participant's participation in the Plan shall
terminate, the Participant's Unvested Accrued Amounts will be forfeited and the
Participant shall not be eligible to participate in the Plan until the first
month that begins more than one year after his or her participation in the Plan
terminated, at which time he or she will be eligible to reenroll on terms
similar to those applicable to a newly hired employee. The payment of this
Withdrawal Amount shall not be subject to the Deduction Limitation.

ARTICLE 5
Retirement Benefit

5.1
Retirement Benefit. Subject to the Deduction Limitation, a Participant who
Retires shall receive, as a Retirement Benefit, his or her Account Balance.

5.2
Payment of Retirement Benefit. A Participant, in connection with his or her
commence-ment of participation in the Plan, shall elect on an Election Form to
receive the Retirement Benefit in a lump sum or pursuant to a Monthly
Installment Method of 60, 120 or 180 months. The Participant may annually change
his or her election to an allowable alternative payout period by submitting a
new Election Form to the Committee, provided that any such Election Form is
submitted at least one year prior to the Participant's Retirement and is
accepted by the Committee in its sole discretion. The Election Form most
recently accepted by the Committee shall govern the payout of the Retirement
Benefit. If a Participant does not make any election with respect to the payment
of the Retirement Benefit, such benefit shall be payable in a lump sum. The lump
sum payment shall be made, or installment payments shall commence, no later than
60 days after the date the Participant Retires, subject to Section 10.3 (which
delays commencement of payment of the Retirement Benefit if the Participant
enters into a consulting arrangement with the Company following the
Participant's Retirement). Any payment made shall be subject to the Deduction
Limitation.

5.3
Death Prior to Completion of Retirement Benefit. If a Participant dies after
Retirement but before the Retirement Benefit is paid in full, the Participant's
unpaid Retirement Benefit payments shall continue and shall be paid to the
Participant's Beneficiary (a) over the remaining number of months and in the
same amounts as that benefit would have been paid to the Participant had the
Participant survived, or (b) in a lump sum, if reques-ted by the Beneficiary and
allowed in the sole discretion of the Committee, that is equal to the
Participant's unpaid remaining Account Balance.

ARTICLE 6
Pre-Retirement Survivor Benefit

6.1
Pre-Retirement Survivor Benefit. Subject to the Deduction Limitation, the
Participant's Beneficiary shall receive a Pre-Retirement Survivor Benefit equal
to the Participant's Account Balance if the Participant dies before he or she
Retires, experiences a Termination of Employment or suffers a Disability.

6.2
Payment of Pre-Retirement Survivor Benefit. The Pre-Retirement Survivor Benefit
shall be paid in the same manner and at the same time as specified in the
election made by the Participant pursuant to Section 5.2.

ARTICLE 7
Termination Benefit

7.1
Termination Benefit. Subject to the Deduction Limitation, the Participant shall
receive a Termination Benefit, which shall be equal to the Participant's Account
Balance (i.e., determined based on Vested Company Matching Contributions and
Vested Company Restoration Contributions) if a Participant experiences a
Termination of Employment prior to his or her Retirement, death or Disability.

7.2
Payment of Termination Benefit. The Termination Benefit shall be paid in a lump
sum within 60 days of the Termination of Employment, subject to Section 10.3.
Notwithstanding the foregoing, a Participant may elect either (i) upon his
election to participate in the Plan or (ii) at any time at least one year prior
to Termination of Employment to receive the Termination Benefit in three, five,
or ten annual installments. In such case, the Termination Benefit shall be paid
in the applicable number of installments, commencing no later than 60 days after
the Participant's Termination of Employment, subject to Section 10.3 (which
delays commencement of payment of the Termination Benefit if the Participant
enters into a consulting arrangement with the Company following the
Participant's Termination of Employment). Any payment made shall be subject to
the Deduction Limitation. The Participant may annually change his or her
election to an allowable alternative payout period by submitting a new Election
Form to the Committee, provided that any such Election Form is submitted at
least one year prior to the Participant's Termination of Employment and is
accepted by the Committee in its sole discretion.

ARTICLE 8
Disability Waiver and Benefit

8.1
Disability Waiver.

 
(a)
Waiver of Deferral. A Participant who is determined by the Committee to be
suffering from a Disability shall be excused from fulfilling that portion of the
Annual Deferral Amount commitment that would otherwise have been withheld from a
Participant's Base Annual Salary and/or Annual Bonus for the Plan Year during
which the Participant first suffers a Disability. During the period of
Disability, the Participant shall not be allowed to make any additional deferral
elections, but will continue to be considered a Participant for all other
purposes of this Plan. Notwithstanding the foregoing, if the Disability is
determined by the Committee to be expected to be of a short term duration, the
Annual Deferral Amount shall continue to be withheld from a Participant's Base
Annual Salary and/or Annual Bonus.

 
(b)
Return to Work. If a Participant returns to employment with an Employer, after a
Disability ceases, the Participant may elect to defer an Annual Deferral Amount
for the Plan Year following his or her return to employment or service and for
every Plan Year thereafter while a Participant in the Plan; provided such
deferral elections are otherwise allowed and an Election Form is delivered to
and accepted by the Committee for each such election in accordance with Section
3.3 above.

8.2
Continued Eligibility; Disability Benefit. A Participant suffering a Disability
shall, for benefit purposes under this Plan, continue to be considered to be
employed, and shall be eligible for the benefits provided for in Articles 4, 5,
6 or 7 in accordance with the provisions of those Articles. Notwithstanding the
above, the Committee shall have the right to, in its sole and absolute
discretion and for purposes of this Plan only, and must in the case of a
Participant who is otherwise eligible to Retire if either clause (i) or (ii) of
this sentence applies, deem the Participant to have experienced a Termination of
Employment, or in the case of a Participant who is eligible to Retire, to have
Retired, at any time (or in the case of a Participant who is eligible to Retire,
as soon as practicable) after such Participant (i) is determined to be
permanently disabled under the Participant Employer's long-term disability plan
(or would have been determined to be permanently disabled had he or she
participated in that plan), or (ii), if such a plan does not exist, is
determined to be permanently disabled by the Committee in its sole discretion,
or (iii) is determined by the Committee, in its sole discretion, to have
suffered a partial disability of such a nature that the Participant is unable to
perform the material duties of his or her position. In such a case (whether
under clause (i), (ii) or (iii)), the Participant shall receive a Disability
Benefit equal to his or her Account Balance at the time the Commit-tee's
determination. The Disability Benefit shall be paid in the same manner and at
the same time as specified in the election made by the Participant pursuant to
Section 5.2, unless the Committee in its sole discretion elects at any time to
pay such amount or any remaining amount in a lump sum payment. Any payment made
shall be subject to the Deduction Limitation. If a Participant is deemed to have
a Termination of Employment under this Section 8.2, a subsequent event that
would also constitute a Termination of Employment will be disregarded, and any
resumption of full duties shall result in reinstatement to participation under
the Plan only on such terms, as the Committee may then approve, that avoid
duplication of benefits hereunder.

ARTICLE 9
Beneficiary Designation

9.1
Beneficiary. Each Participant shall have the right, at any time, to designate
his or her Beneficiary(ies) (both primary as well as contingent) to receive any
benefits payable under the Plan to a beneficiary upon the death of a
Participant. The Beneficiary designated under this Plan may be the same as or
different from the Beneficiary designation under any other plan of an Employer
in which the Participant participates.

9.2
Beneficiary Designation; Change; Spousal Consent. A Participant shall designate
his or her Beneficiary by completing and signing the Beneficiary Designation
Form, and returning it to the Committee or its designated agent. A Participant
shall have the right to change a Beneficiary by completing, signing and
otherwise complying with the terms of the Beneficiary Designation Form and the
Committee's rules and procedures, as in effect

from time to time. If the Participant names someone other than his or her spouse
as a Beneficiary for more than 50% of the Participant's benefits, a spousal
consent, in the form designated by the Committee, must be signed by that
Participant's spouse and returned to the Committee (subject to any procedural
requirements as may be imposed by the Committee). Upon the acceptance by the
Committee of a new Beneficiary Designation Form, all Beneficiary designations
previously filed shall be cancelled. The Committee shall be entitled to rely on
the last Beneficiary Designation Form filed by the Participant and accepted by
the Committee prior to his or her death.

9.3
Acknowledgment. No designation or change in designation of a Beneficiary shall
be effective until received, accepted and acknowledged in writing by the
Committee or its designated agent.

9.4
No Beneficiary Designation. If a Participant fails to designate a Beneficiary as
provided in Sections 9.1, 9.2 and 9.3 above or, if all designated Beneficiaries
predecease the Participant or die prior to complete distribution of the
Participant's benefits, then the Participant's designated Beneficiary shall be
deemed to be his or her surviving spouse. If the Participant has no surviving
spouse, the benefits remaining under the Plan to be paid to a Beneficiary shall
be payable to the executor or personal representative of the Participant's
estate.

9.5
Doubt as to Beneficiary. If the Committee has any doubt as to the proper
Beneficiary to receive payments pursuant to this Plan, the Committee shall have
the right, exercisable in its discretion, to cause the Participant's Employer to
withhold such payments until this matter is resolved to the Committee's
satisfaction.

9.6
Discharge of Obligations. The payment of benefits under the Plan to a
Beneficiary shall fully and completely discharge the Company, all Employers and
the Committee from all further obligations under this Plan with respect to the
Participant, and that Participant's Plan Agreement shall terminate upon such
full payment of benefits.

ARTICLE 10
Leave of Absence; Consulting

10.1
Paid Leave of Absence. If a Participant is authorized by the Participant's
Employer for any reason to take a paid leave of absence from the employment of
the Employer, the Participant shall continue to be considered employed by the
Employer and the Annual Deferral Amount shall continue to be withheld during
such paid leave of absence in accordance with Section 3.3.

10.2
Unpaid Leave of Absence. If a Participant is authorized by the Participant's
Employer for any reason to take an unpaid leave of absence from the employment
of the Employer, the Participant shall continue to be considered employed by the
Employer and the Participant shall be excused from making deferrals until the
earlier of the date the leave of absence expires or the Participant returns to a
paid employment status. Upon such expiration or return, deferrals shall resume
for the remaining portion of the Plan Year in which the expiration or return
occurs, based on the deferral election, if any, made for that Plan Year. If no
election was made for that Plan Year, no deferral shall be withheld.

10.3
Consulting Arrangements. Other provisions of the Plan notwithstand-ing, if the
Company enters into a consulting arrangement with a Participant effective upon
the Participant's Retirement or Termination of Employment, the payment of the
Retirement Benefit or Termination Benefit shall be delayed. In this case, the
Participant will be treated as though employment continued until the consulting
arrangement terminates for purposes of determining the time at which payment of
the Retirement Benefit or Termination Benefit will commence. This provision will
not limit the Participant's withdrawal rights under Section 4.3 or 4.4 during
the pendency of the consulting arrangement, but the Participant will not be
permitted to defer compensation payable in connection with such consulting
arrangement under the Plan. Any determination of whether the Participant's
severance from employment constitutes a Retirement or Termination of Employment
shall be determined based on his or her circumstances at the time employment
terminates, without regard to any continued service pursuant to the consulting
arrangement.

ARTICLE 11
Termination, Amendment or Modification

11.1
Termination. Each Employer reserves the right to terminate the Plan at any time
with respect to any or all of its Participants by the actions of its board of
directors. Upon the termination of the Plan with respect to any Employer, the
Plan Agreements of the affected Participants who are employed by that Employer
shall terminate and their Account Balance, determined as if they had experienced
a Termination of Employment on the date of Plan termination or, if Plan
termination occurs after the date upon which a Participant was eligible to
Retire, then with respect to that Participant as if he or she had Retired on the
date of Plan termination, shall be paid to the Participants as follows: Prior to
a Change in Control, if the Plan is terminated with respect to all of its
Participants, an Employer shall have the right, in its sole discretion, and
notwithstanding any elections made by the Participant, to pay such benefits in a
lump sum promptly after termination or pursuant to a Monthly Installment Method
of up to 15 years, with amounts credited and debited during the installment
period as provided herein, except that, if the Plan is terminated with respect
to less than all of its Participants, an Employer shall be required to pay such
benefits in a lump sum promptly after termination. After a Change in Control,
the Employer shall be required to pay such benefits in a lump sum except that,
if a Participant has elected, upon his election to participate in the Plan or at
least one year prior to such termination of the Plan, to receive the benefits in
three, five, or ten annual installments under Section 7.2, the Employer shall
pay such benefits in the applicable number of annual installments commencing
promptly after such termination. The termination of the Plan shall not adversely
affect any Participant or Beneficiary who has become entitled to the payment of
any benefits under the Plan prior to such termination; provided however, that
the Employer shall have the right to accelerate installment payments by paying
the Account Balance in a lump sum or pursuant to a Monthly Installment Method
using fewer months (except following a Change in Control in the case of
Participant who has elected under Section 7.2 to receive the benefits in a
three, five or ten annual installments).

11.2
Amendment. Any Employer may, at any time, amend or modify the Plan in whole or
in part with respect to that Employer by the actions of its board of directors,
or, in the case of the Company, by the actions of the Committee, provided that
any Committee-approved amendment or modification that would materially increase
the Company’s expense or the benefits to Participants with respect to the Plan
or that would be subject to approval of shareholders of the Company must be
ratified by the Company’s Board of Directors. The foregoing not withstanding,
(i) no amendment or modification shall be effective to decrease or restrict the
value of a Participant's Account Balance in existence at the time the amendment
or modification is made, calculated as if the Participant had experienced a
Termination of Employment as of the effective date of the amendment or
modification, or, if the amendment or modification occurs after the date upon
which the Participant was eligible to Retire, the Participant had Retired as of
the effective date of the amendment or modification; and (ii) the amendment or
modification of the Plan shall not affect any Participant or Beneficiary who has
become entitled to the payment of benefits under the Plan as of the date of the
amendment or modification; provided, however, that the Employer shall have the
right to accelerate installment payments by paying the Account Balance in a lump
sum or pursuant to a Monthly Installment Method using fewer months.

11.3
Plan Agreement. Despite the provisions of Sections 11.1 and 11.2 above, if a
Participant's Plan Agreement contains benefits or limitations that are not in
this Plan document, the Employer may only amend or terminate such provisions
with the consent of the Participant.

11.4
Effect of Payment. The full payment of the applicable benefit under Section 4.4
or Articles 5, 6, 7 or 8 of the Plan shall completely discharge all obligations
to a Participant and his or her designated Beneficiaries under this Plan and the
Participant's Plan Agreement shall terminate.

ARTICLE 12
Administration

12.1
Committee Duties. This Plan shall be administered by a Committee which shall
consist of the Board, or such committee as the Board shall appoint. Members of
the Committee may be Participants under this Plan. The Committee shall also have
the discretion and authority to (i) make, amend, interpret, and enforce all
appropriate rules and regulations for the administration of this Plan and (ii)
decide or resolve any and all questions including interpretations of this Plan,
as may arise in connection with the Plan. The Committee may, in its sole
discretion, waive or modify the length of the advance-election period a
Participant is required to make an election as to the manner and timing of
payment of Retirement or Termination Benefits under Sections 5.2 or 7.2 or in
connection with the termination of the Plan under Section 11.1.

12.2
Agents. In the administration of this Plan, the Committee may, from time to
time, employ agents and delegate to them such administrative duties as it sees
fit (including acting through a duly appointed representative) and may from time
to time consult with counsel who may be counsel to any Employer.

12.3
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 the Plan and the rules and regulations
promulgated hereunder shall be final and conclusive and binding upon all persons
having any interest in the Plan.

12.4
Indemnity of Committee. All Employers shall indemnify and hold harmless the
members of the Committee against any and all claims, losses, damages, expenses
or liabilities arising from any action or failure to act with respect to this
Plan, except in the case of willful misconduct by the Committee or any of its
members.

12.5
Employer Information. To enable the Committee to perform its functions, each
Employer shall supply full and timely information to the Committee on all
matters relating to the compensation of its Participants, the date and
circumstances of the Retirement, Disability, death or Termination of Employment
of its Participants, and such other pertinent information as the Committee may
reasonably require.

ARTICLE 13
Other Benefits and Agreements

13.1
Coordination with Other Benefits. The benefits provided for a Participant and
Participant's Beneficiary under the Plan are in addition to any other benefits
available to such Participant under any other plan or program for employees of
the Participant's Employer. The Plan shall supplement and shall not supersede,
modify or amend any other such plan or program except as may otherwise be
expressly provided.

 
 

ARTICLE 14
Claims Procedures

14.1
Presentation of Claim. Any Participant or Beneficiary of a deceased Participant
(such Participant or Beneficiary being referred to below as a "Claimant") may
deliver to the Committee a written claim for a determination with respect to the
amounts distributable to such Claimant from the Plan. If such a claim relates to
the contents of a notice received by the Claimant, the claim must be made within
60 days after such notice was received by the Claimant. All other claims must be
made within 180 days of the date on which the event that caused the claim to
arise occurred. The claim must state with particularity the determination
desired by the Claimant.

14.2
Notification of Decision. The Committee shall consider a Claimant's claim within
a reasonable time, and shall notify the Claimant in writing:

 
(a)
that the Claimant's requested determination has been made, and that the claim
has been allowed in full; or

 
(b)
that the Committee has reached a conclusion contrary, in whole or in part, to
the Claimant's requested determination, and such notice must set forth in a
manner calculated to be understood by the Claimant:

 
(i)
the specific reason(s) for the denial of the claim, or any part of it;

 
(ii)
specific reference(s) to pertinent provisions of the Plan upon which such denial
was based;

 
(iii)
a description of any additional material or information necessary for the
Claimant to perfect the claim, and an explanation of why such material or
information is necessary; and (iv) an explanation of the claim review procedure
set forth in Section 14.3 below.

14.3
Review of a Denied Claim. Within 60 days after receiving a notice from the
Committee that a claim has been denied, in whole or in part, a Claimant (or the
Claimant's duly authorized representative) may file with the Committee a written
request for a review of the denial of the claim. Thereafter, but not later than
30 days after the review procedure began, the Claimant (or the Claimant's duly
authorized representative):

 
(a)
may review pertinent documents;

 
(b)
may submit written comments or other documents; and/or

 
(c)
may request a hearing, which the Committee, in its sole discretion, may grant.
 

14.4
Decision on Review. The Committee shall render its decision on review promptly,
and not later than 60 days after the filing of a written request for review of
the denial, unless a hearing is held or other special circumstances require
additional time, in which case the Committee's decision must be rendered within
120 days after such date. Such decision must be written in a manner calculated
to be understood by the Claimant, and it must contain:

 
(a)
specific reasons for the decision;

 
(b)
specific reference(s) to the pertinent Plan provisions upon which the decision
was based; and

 
(c)
such other matters as the Committee deems relevant.

14.5
Legal Action. A Claimant's compliance with the foregoing provisions of this
Article 14 is a mandatory prerequisite to a Claimant's right to commence any
legal action with respect to any claim for benefits under this Plan.

ARTICLE 15
Trust

15.1
Establishment of the Trust. The Company shall establish the Trust, and each
Employer shall at least annually transfer over to the Trust such assets as the
Employer determines are necessary to provide, on a present value basis, for its
future liabilities created with respect to all Annual Deferral Amounts, Company
Matching Amounts and Company Restoration Amounts for such Employer's
Participants for all periods prior to the transfer, as well as the credits and
debits to the Participants' Account Balance (and Unvested Accrued Amounts) for
all periods prior to the transfer, taking into consideration the value of the
assets in the trust at the time of the transfer.

15.2
Interrelationship of the Plan and the Trust. The provisions of the Plan and the
Plan Agreement shall govern the rights of a Participant to receive distributions
pursuant to the Plan. The provisions of the Trust shall govern the rights of the
Employers, Participants and the creditors of the Employers to the assets
transferred to the Trust. Each Employer shall at all times remain liable to
carry out its obligations under the Plan.

15.3
Distributions From the Trust. Each Employer's obligations under the Plan may be
satisfied with Trust assets distributed pursuant to the terms of the Trust, and
any such distribution shall reduce the Employer's obligations under this Plan.

ARTICLE 16
Miscellaneous

16.1
Unsecured General Creditor. Participants and their Beneficiaries, heirs,
successors and assigns shall have no legal or equitable rights, interests or
claims in any property or assets of an Employer. For purposes of the payment of
benefits under this Plan, any and all of an Employer's assets shall be, and
remain, the general, unpledged unrestricted assets of the Employer. An
Employer's obligation under the Plan shall be merely that of an unfunded and
unsecured promise to pay money in the future. If any right of a Participant
under the Plan would cause such Participant to be in constructive receipt or
have the economic benefit of any funds or other assets such that the Participant
would be subject to federal income taxation in respect of such funds or other
assets prior to the Participant's actual receipt thereof as a Termination or
Retirement Benefit or other payout of benefits under the Plan, such right of the
Participant shall be restricted to the extent necessary so that the Participant
does not have such constructive receipt or economic benefit.

16.2
Employer's Liability. An Employer's liability for the payment of benefits shall
be defined only by the Plan and the Plan Agreement, as entered into between the
Employer and a Participant. An Employer shall have no obligation to a
Participant under the Plan except as expressly provided in the Plan and his or
her Plan Agreement.

16.3
Nonassignability. Neither a Participant nor any other person shall have any
right to commute, sell, assign, transfer, pledge, anticipate, mortgage or
otherwise encumber, transfer, hypothecate, alienate or convey in advance of
actual receipt, the amounts, if any, payable hereunder, or any part thereof,
which are, and all rights to which are expressly declared to be, unassignable
and non-transferable, except that the foregoing shall not apply to any family
support obligations set forth in a court order. No part of the amounts payable
shall, prior to actual payment, be subject to seizure, attachment, garnishment
or sequestration for the payment of any debts, judgments, alimony or separate
maintenance owed by a Participant or any other person, nor be transferable by
operation of law in the event of a Participant's or any other person's
bankruptcy or insolvency.

16.4
Not a Contract of Employment. The terms and conditions of this Plan shall not be
deemed to constitute a contract of employment between the Company or any
Employer and the Participant. Such employment is hereby acknowledged to be an
"at will" employment relationship that can be terminated at any time for any
reason, or no reason, with or without cause, and with or without notice, unless
expressly provided in a written employment agreement. Nothing in this Plan shall
be deemed to give a Participant the right to be retained in the service of the
Company or any Employer or to interfere with the right of the Company or any
Employer to discipline or discharge the Participant at any time.

16.5
Furnishing Information. A Participant or his or her Beneficiary will cooperate
with the Committee by furnishing any and all information requested by the
Committee and take such other actions as may be requested in order to facilitate
the administration of the Plan and the payments of benefits hereunder, including
but not limited to taking such physical examinations as the Committee may deem
necessary.

16.6
Terms. Whenever any words are used herein in the masculine, they shall be
construed as though they were in the feminine in all cases where they would so
apply; and whenever 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.

16.7
Captions. The captions of the articles, sections and paragraphs of this Plan are
for convenience only and shall not control or affect the meaning or construction
of any of its provisions.

16.8
Governing Law. Subject to ERISA, the provisions of this Plan shall be construed
and interpreted according to the internal laws of the State of Nevada without
regard to its conflicts of laws principles.

16.9
Notice. Any notice or filing required or permitted to be given to the Committee
under this Plan shall be sufficient if in writing and hand-delivered, or sent by
registered or certified mail, to the address below:

Sierra Health Services Deferred
Compensation Plan Committee
P.O. Box 15645
Las Vegas, Nevada 89114-5645

Such notice shall be deemed given as of the date of delivery or, if delivery is
made by mail, as of the date shown on the postmark on the receipt for
registration or certification.

Any notice or filing required or permitted to be given to a Participant under
this Plan shall be sufficient if in writing and hand-delivered, or sent by mail,
to the last known address of the Participant.

16.10
Successors. The provisions of this Plan shall bind and inure to the benefit of
the Participant's Employer and its successors and assigns and the Participant
and the Participant's designated Beneficiaries.

16.11
Spouse's Interest. The interest in the benefits hereunder of a spouse of a
Participant who has predeceased the Participant shall automatically pass to the
Participant and shall not be transferable by such spouse in any manner,
including but not limited to such spouse's will, nor shall such interest pass
under the laws of intestate succession.

16.12
Validity. In case any provision of this Plan shall be illegal or invalid for any
reason, said illegality or invalidly shall not affect the remaining parts
hereof, but this Plan shall be construed and enforced as if such illegal or
invalid provision had never been inserted herein.

16.13
Incompetent. If the Committee determines in its discretion that a benefit under
this Plan is to be paid to a minor, a person declared incompetent or to a person
incapable of handling the disposition of that person's property, the Committee
may direct payment of such benefit to the guardian, legal representative or
person having the care and custody of such minor, incompetent or incapable
person. The Committee may require proof of minority, incompetency, incapacity or
guardianship, as it may deem appropriate prior to distribution of the benefit.
Any payment of a benefit shall be a payment for the account of the Participant
and the Participant's Beneficiary, as the case may be, and shall be a complete
discharge of any liability under the Plan for such payment amount.

16.14
Court Order. The Committee is authorized to make any payments directed by court
order in any action in which the Plan or the Committee has been named as a
party. In addition, if a court determines that a spouse or former spouse of a
Participant has an interest in thePlan as the result of a property settlement or
otherwise, the Committee, in its sole discretion, shall have the right,
notwithstanding any election made by a Participant and notwithstanding the
provisions of Section 16.3, to take actions it deems necessary or appropriate in
order to comply with the order of the court. In such case, unless otherwise
determined by the Committee, the following rules will apply:

 
(a)
If the court's order directs immediate payment to or for the benefit of the
spouse or former spouse (or a dependent family member), the Participant's
Deferral Account or portion thereof subject to such order shall be valued as of
the date of the court order and paid out in accordance therewith as a lump sum
within 60 days thereafter.

 
(b)
If the court's order directs payment to or for the benefit of the spouse or
former spouse (or a dependent family member) at a future date, the Participant's
Deferral Account shall be segregated, as of the date of the court order, into
two subaccounts, one representing the portion subject to the court's order for
payment to the spouse or former spouse (the "Court Order Subaccount") and the
other representing the portion that is not or will not thereafter be required to
be paid to such spouse or former spouse (the "Non-Court Order Subaccount"). Both
of these Subaccounts shall be maintained in the name of the Participant. The
Court Order Subaccount shall be reallocated, as of the date of the court order,
to the Measurement Fund that is a money market or other cash equivalent fund,
and shall remain in such Measurement Fund without reallocation until such
Subaccount is paid out. The Court Order Subaccount shall be paid, to or for the
benefit of the spouse or former spouse (or dependent family member) or otherwise
in accordance with the court order, at the earlier of the time specified in the
court order or the time that portion of the Deferral Account otherwise would
have been paid under the Plan; provided, however, that if an event occurs that
triggers a payout or benefit under Article 4, 5, 6, 7 or 8, the Court Order
Subaccount shall be paid in accordance with the such applicable Article, and
provided further, that the Court Order Subaccount shall remain subject to any
vesting and other restrictions under the Plan. The Non-Court Order Subaccount
shall remain subject to the terms and conditions of the Plan without limitation.

 
(c)
The Committee shall send written notice to the Participant explain the actions
and rights under this Section 16.14 with respect to the Participant's Deferral
Account, including (i) the reallocation of the Court Order Subaccount to the
money market or cash equivalent Measurement Fund, (ii) the federal income tax
consequence to the Participant upon payment of the Court Order Subaccount, and
(iii) any aspect of the court order with which the Company cannot comply.

16.15       Distribution in the Event of Taxation.

 
(a)
In General. If, for any reason, all or any portion of a Participant's benefit
under this Plan becomes taxable to the Participant prior to receipt, a
Participant may petition the Committee before a Change in Control, or the
trustee of the Trust after a Change in Control, for a distribution of that
portion of his or her benefit that has become taxable. Upon the grant of such a
petition, which grant shall not be unreasonably withheld (and, after a Change in
Control, shall be granted), a Participant's Employer shall distribute to the
Participant immediately available funds in an amount equal to the taxable
portion of his or her benefit (which amount shall not exceed a Participant's
Account Balance under the Plan). If the petition is granted, the tax liability
distribution shall be made within 90 days of the date when the Participant's
petition is granted. Such a distribution shall affect and reduce the benefits to
be paid under this Plan.

 
(b)
Trust. If the Trust terminates in accordance with Section 3.7(e) of the Trust
and benefits are distributed from the Trust to a Participant in accordance with
that Section, the Participant's benefits under this Plan shall be reduced to the
extent of such distributions.

16.16
Legal Fees To Enforce Rights After Change in Control. The Company and each
Employer is aware that upon the occurrence of a Change in Control, the Board or
the board of directors of the Employer (which might then be composed of new
members) or a shareholder of the Company or the Employer, or of any successor
corporation might then cause or attempt to cause the Company, the Employer or
such successor to refuse to comply with its obligations under the Plan and might
cause or attempt to cause the Company or the Employer to institute, or may
institute, litigation seeking to deny Participants the benefits intended under
the Plan. In these circumstances, the purpose of the Plan could be frustrated.
Accordingly, if, following a Change in Control, it should appear to any
Participant that the Company, its Employer or any successor corporation has
failed to comply with any of its obligations under the Plan or any agreement
thereunder or, if the Company, such Employer or any other person takes any
action to declare the Plan void or unenforceable or institutes any litigation or
other legal action designed to deny, diminish or to recover from any Participant
the benefits intended to be provided, then the Company and the Employer
irrevocably authorize such Participant to retain counsel of his or her choice at
the expense of the Company and the Employer (who shall be jointly and severally
liable) to represent such Participant in connection with the initiation or
defense of any litigation or other legal action, whether by or against the
Company, the Employer or any director, officer, shareholder or other person
affiliated with the Company, the Employer or any successor thereto in any
jurisdiction.

IN WITNESS WHEREOF, the Company has signed this amended and restated Plan
document as of December 5, 2006.

SIERRA HEALTH SERVICES, INC.,
  a Nevada corporation
   
 By:
/s/ Anthony M. Marlon, M.D.
 Name:
Anthony M. Marlon, M.D.
 Title:
Chairman and CEO