**Building        Materials Holding Corporation**

**2005        Deferred Compensation Plan**

**for        Executives**

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**Table        of        Contents**

*Page*

| ARTICLE                  1.                  DEFINITIONS                      | 51                                                                |
|-------------------------------------------------------------------------------|-------------------------------------------------------------------|
| 1.1                                                                           | Account                                                           | 51 |
| 1.2                                                                           | Beneficiary                                                       | 51 |
| 1.3                                                                           | Change                  in                  Control               | 51 |
| 1.4                                                                           | Code                                                              | 52 |
| 1.5                                                                           | Committee                                                         | 52 |
| 1.6                                                                           | Company                                                           | 52 |
| 1.7                                                                           | Company                  Contributions                            | 52 |
| 1.8                                                                           | Disability                                                        | 52 |
| 1.9                                                                           | Effective                  Date                                   | 52 |
| 1.10                                                                          | Eligible                  Compensation                            | 52 |
| 1.11                                                                          | Hardship                                                          | 53 |
| 1.12                                                                          | Key                  Employee                                     | 53 |
| 1.13                                                                          | LTIP                                                              | 53 |
| 1.14                                                                          | Participant                                                       | 53 |
| 1.15                                                                          | Plan                                                              | 53 |
| 1.16                                                                          | Plan                  Year                                        | 53 |
| 1.17                                                                          | Regulations                                                       | 54 |
| 1.18                                                                          | Separation                  from Service                          | 54 |
| 1.19                                                                          | Trust                  or                  Trust Agreement        | 54 |
| 1.20                                                                          | Trust                  Fund                                       | 54 |
| 1.21                                                                          | Trustee                                                           | 54 |
|                                                                          |                                                              |   |
| ARTICLE                  2.                  ELIGIBILITY                      | 54                                                                |
|                                                                          |                                                              |   |
| ARTICLE                  3.                  DEFERRED COMPENSATION            | 54                                                                |
| 3.1                                                                           | Deferral                  Elections                               | 54 |
| 3.2                                                                           | Vesting                                                           | 56 |
| 3.3                                                                           | Election                  of                  Payment Terms       | 56 |
|                                                                          |                                                              |   |
| ARTICLE                  4.                  PAYMENT OF DEFERRED COMPENSATION | 58                                                                |
| 4.1                                                                           | Payment                  upon                  Distribution Event | 58 |
| 4.2                                                                           | Withdrawal                  for Hardship                          | 58 |
| 4.3                                                                           | Payment                  upon                  Change in Control  | 58 |
| 4.4                                                                           | Payment                  upon                  Disability         | 58 |
| 4.5                                                                           | Payment                  upon                  Death              | 58 |
| 4.6                                                                           | Designation                  of Beneficiary                       | 59 |
| 4.7                                                                           | Administration                  of Payments                       | 59 |
| 4.8                                                                           | Permitted                  Acceleration of Payments               | 59 |
|                                                                          |                                                              |   |
| ARTICLE                  5.                  TRUST AND INVESTMENT             | 60                                                                |
| 5.1                                                                           | Accounts                                                          | 60 |
| 5.2                                                                           | Participants’                  Rights Unsecured             | 60 |
| 5.3                                                                           | Trust                  Agreement                                  | 60 |
| 5.4                                                                           | Investment                  of                  Contribution      | 60 |

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| ARTICLE                  6.                  AMENDMENT AND TERMINATION | 61                                                                         |
|------------------------------------------------------------------------|----------------------------------------------------------------------------|
|                                                                   |                                                                       |   |
| ARTICLE                  7.                  ADMINISTRATION            | 61                                                                         |
| 7.1                                                                    | Administration                                                             | 61 |
| 7.2                                                                    | Applying                  for                  Benefits                    | 61 |
| 7.3                                                                    | Liability                  of                  Committee; Indemnification  | 67 |
| 7.4                                                                    | Expenses                                                                   | 67 |
|                                                                   |                                                                       |   |
| ARTICLE                  8.                  GENERAL AND MISCELLANEOUS | 67                                                                         |
| 8.1                                                                    | Rights                  Against Company                                    | 67 |
| 8.2                                                                    | Assignment                  or                  Transfer                   | 68 |
| 8.3                                                                    | Severability                                                               | 68 |
| 8.4                                                                    | Construction                                                               | 68 |
| 8.5                                                                    | Governing                  Law                                             | 68 |
| 8.6                                                                    | Payment                  Due                  to Incompetence              | 68 |
| 8.7                                                                    | Taxes                                                                      | 68 |
| 8.8                                                                    | Insurance                                                                  | 69 |
| 8.9                                                                    | Attorney’s                  Fees                                     | 69 |
| 8.10                                                                   | Plan                  Binding                  on Successors and Assignees | 69 |

| **Appendices** | **Acknowledgment**                                  |
|----------------|-----------------------------------------------------|
|           | **Distribution                  Election**          |
|           | **Executive                  Election of Deferral** |
|           | **Beneficiary                  Designation**        |

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**BUILDING        MATERIALS HOLDING CORPORATION**

**2005        DEFERRED COMPENSATION PLAN**

**FOR        EXECUTIVES**

**RECITALS**

**ARTICLE        1.  **
**DEFINITIONS**

| 1.1 | ***Account***.                  means the                  separate account(s) established under the Plan and the Trust for                  each                  participating Participant.  The Company shall furnish each                  Participant with an annual statement of his or her Account                  balance. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2 | ***Beneficiary***.                  means the                  beneficiary designated by the Participant to receive the Participant’s                  deferred compensation benefits in the event of his or her                  death. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3 | ***Change                  in Control***.                  means the                  occurrence of any of the following, limited to the extent any such                  occurrence is consistent with the definition of a “change in control                  event” described in Code Section 409A or related                  Regulations: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | when                  any                  “person,” as such term is used in Sections 13(d) and 14(d) of the                  Securities Exchange Act of 1934 as amended (“Exchange Act”) (other than                  the Company, a Subsidiary or a Company benefit plan, including                  any trustee                  of such plan acting as trustee) is or becomes the “beneficial owner” (as                  defined in Rule 13d-3 under the Exchange Act), directly or indirectly,                  of                  securities of the Company representing fifty percent (50%) or more                  of the                  combined voting power of the Company’s then outstanding securities, where                  such person’s beneficial ownership of the Company’s securities was not                  initiated by the Company or approved by the Company’s Board of Directors;                  or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (b) | the                  occurrence of a transaction requiring shareholder approval, and                  involving                  the sale of all or substantially all of the assets of the Company                  or the                  merger of the Company with or into another corporation, where such                  merger                  was not initiated by the Company and in which Company is not the                  surviving                  parent entity; or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | a                  change in                  the composition of the Board of Directors of the Company during                  any                  12-month period, as a result of which fewer than a majority of                  the                  directors are Incumbent Directors. “Incumbent Directors” means directors                  who are elected, or nominated for election, to the Board of Directors                  of                  the Company with the affirmative votes of at least a majority of                  the                  Incumbent Directors at the time of such election or nomination                  (but shall                  not include an individual whose election or nomination is in connection                  with an actual or threatened proxy contest relating to the election                  of                  directors to the Company); or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | any                  liquidation or dissolution of the                  Company. |
|--------|-----|----------------------------------------------------------------------------------|

| 1.4 | ***Code***.                  means the                  Internal Revenue Code of 1986, as amended from time to                  time.  Reference to any Code section shall include any successor                  or comparable provision of the Code or application                  Regulations. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.5 | ***Committee***.                  means the                  Compensation Committee of the Board of Directors of the Company                  or any                  other committee designated by the Board of Directors of the Company                  to                  administer the Plan in accordance with Article                  8. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.6 | ***Company***.                  means                  Building Materials Holding Corporation, a Delaware Corporation,                  any                  successor organization thereto, and any corporation or other entity                  that                  must be aggregated with Building Materials Holding Corporation                  pursuant to                  the Code or Regulations. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.7 | ***Company                  Contributions***.                  means the                  Company’s discretionary contribution, if any, pursuant to Section                  3.1(b). |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.8 | ***Disability*****.**                  means— |
|-----|-----------------------------------------------------|

|   | (a) | the                  condition                  of being unable to engage in any substantial gainful activity by                  reason of                  any medically determinable physical or mental impairment which                  can be                  expected to result in death or can be expected to last for a continuous                  period of not less than 12 months, or |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | by                  reason of                  suffering from any medically determinable physical or mental impairment                  that is expected to result in death or can be expected to last                  for a                  continuous period of not less than 12 months, receiving income                  replacement                  benefits for a period of not less than 3 months under an accident                  and                  health plan covering employees of the                  Company |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.9 | ***Effective                  Date***.                  means                  January 1, 2005. |
|-----|-------------------------------------------------------------------------------------------------|

| 1.10 | ***Eligible                  Compensation***.                  means                  projected annual compensation, determined on an annual basis by                  the                  Company at or before the beginning of the Plan Year, which may                  consist of                  salary, bonus, and/or other cash-based or stock-based incentive                  payments,                  but which shall not include any special or non-recurring compensatory                  payments such as hiring bonuses, moving or relocation bonuses or                  automobile allowances. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 1.11 | ***Hardship***.                  refers to a                  distribution made on account of an unforeseeable immediate and                  heavy                  financial need of the Participant and that is necessary to satisfy                  that                  financial need in accordance with Code Section 409A and the related                  Regulations. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | *Amount*.  The                  amounts distributed with respect to an emergency cannot exceed                  the amounts                  necessary to satisfy such emergency plus amounts necessary to pay                  taxes                  reasonably anticipated as a result of the distribution, after taking                  into                  account the extent to which such hardship is or may be relieved                  through                  reimbursement or compensation by insurance or otherwise or by liquidation                  of the Participant’s assets (to the extent the liquidation of such assets                  would not itself cause severe financial                  hardship). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | *Circumstances*.  Whether                  a Participant has an immediate and heavy financial need shall be                  determined by the Committee based on all relevant facts and circumstances,                  and shall refer to a                  severe                  financial hardship to the Participant resulting from an illness                  or                  accident of the Participant, the Participant’s spouse, or a dependent (as                  defined in Code Section 152(a)) of the Participant; loss of the                  Participant’s property due to casualty; or other similar extraordinary and                  unforeseeable circumstances arising as a result of events beyond                  the                  control of the Participant. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.12 | ***Key                  Employee***.                  means— |
|------|--------------------------------------------------------------------|

|   | (a) | an                  officer of                  the Company having an annual compensation greater than $130,000                  (as                  adjusted), |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | a                  5% owner of                  the Company, or |
|--------|-----|-----------------------------------------------------------------|

|   | (c) | a                  1% owner of                  the Company having annual compensation from the Company of more                  than                  $150,000. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.13 | ***LTIP***.                  means an                  incentive program designated by the Company from time to time as                  the                  Building Materials Holding Corporation Long Term Incentive Plan,                  as                  amended from time to time. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.14 | ***Participant***.                  means each                  employee of the Company designated by the                  Company                  to                  be                  entitled to defer compensation pursuant to the Plan and includes                  a                  Participant’s Beneficiary where the context so                  requires.   |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.15 | ***Plan***.                  means the                  Building Materials Holding Corporation 2005 Deferred Compensation                  Plan for                  Executives, as amended from time to                  time. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.16 | ***Plan                  Year***.                  means the                  year beginning each January 1 and ending December                  31. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 1.17 | ***Regulations*****.**                  means the                  rules, regulations, interpretations and procedures promulgated                  under the                  Code, as modified from time to                  time. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.18 | ***Separation                  from Service*****.**                  means the                  termination of employment or association of the Participant as                  an employee                  or director of the Company eligible for participation in a deferred                  compensation plan, and includes termination by way of resignation,                  removal                  or Disability.  A Participant who is on temporary leave of                  absence, whether with or without pay, shall be deemed not to have                  terminated employment or association.  “Separation from Service”                  shall be interpreted in accordance with the meaning of “separation from                  service” or similar term under Code Section 409A and related                  Regulations. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.19 | ***Trust                  or Trust Agreement*****.**                  means the                  Trust Agreement applicable to the Plan, as amended from time to                  time,                  entered into between the Company and the Trustee to carry out the                  provisions of the Plan. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.20 | ***Trust                  Fund***.                  means the                  cash and other assets and/or properties held and administered by                  Trustee                  pursuant to the Trust to carry out the provisions of the                  Plan. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.21 | ***Trustee***.                  means the                  designated Trustee acting at any time under the                  Trust.   |
|------|------------------------------------------------------------------------------------------------------------------------------------------------|

**ARTICLE        2.  **
**ELIGIBILITY**

**ARTICLE        3.  **
**DEFERRED        COMPENSATION**

| 3.1 | **Deferral                  Elections**. |
|-----|------------------------------------------|

|   | (a) | ***Election                  to Defer Compensation***.  Each                  eligible Participant may elect to defer annually the receipt of                  a portion                  of the Eligible Compensation for active service otherwise payable                  to him                  by the Company during each Plan Year or portion of a Plan Year                  that the                  Participant shall provide services to the Company.  Any                  Participant’s election to defer Eligible Compensation must satisfy the                  following conditions: |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (1) | ***Newly                  Eligible Participants***.  An                  employee who first becomes a Participant during a Plan Year shall                  have 30                  days from the date of becoming a Participant to submit the required                  election documents for the then-current Plan                  Year.   |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | ***Plan                  Year Elections***.  Each                  other election must be made no later than the day prior to the                  beginning                  of the Plan Year with respect to which the Compensation to be deferred                  is                  otherwise payable to the Participant or such later date as may                  be                  permitted under Code Section 409A. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | ***Minimum                  and Maximum Deferrals***.  The                  minimum annual deferral amount, which must be withheld from base                  salary,                  is $5,000.  The maximum deferral percentage is 80% of Eligible                  Compensation. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (4) | ***Conditions                  of Election***.  Any                  deferral election must be in writing, signed by the Participant,                  and                  delivered to the Company, together with all other documents required,                  as                  determined by the Committee.  Each deferral election shall be                  irrevocable with respect to any Eligible Compensation covered by                  the                  election, including Compensation payable in the Plan Year in which                  the                  election suspending or modifying the prior deferral election is                  delivered                  to the Company.  Each election or discontinuance of an election                  will continue in force for each successive year until or unless                  suspended                  or modified by the filing of a subsequent election with the Company                  by the                  Participant in accordance with subsection (a)(2).  The election                  to defer Eligible Compensation shall be in the form provided by                  the                  Committee. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | ***Company                  Contributions***.  The                  Company shall not be obligated to make any other contribution to                  the Plan                  on behalf of any Participant at any time.  Company may make                  Company Contributions to the Plan on behalf of one or more the                  Participants.  Company Contributions, if any, made to                  Participant Accounts shall be determined in the sole and absolute                  discretion of the Company, and may be made without regard to whether                  the                  Participant to whose Account such contribution is credited has                  made, or is                  making, deferrals.  The Company shall not be bound or obligated                  to apply any specific formula or basis for calculating the amount                  of any                  Company Contributions, and the Company shall have sole and absolute                  discretion as to the allocation of Company Contributions among                  Participants’ Accounts.  The use of any particular formula or                  basis for making a Company Contribution in one year shall not bind                  or                  obligate the Company to use such formula or basis in any other                  year. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (c) | ***LTIP***.  Participants                  who are eligible for the LTIP may elect to defer monies received                  as a                  result of the LTIP through the Plan.  Such deferral                  determination must be made no later than the latest date permitted                  in                  accordance with Code Section 409A and related Regulations.  An                  employee may also decide to convert all, or a portion of, their                  pay out to                  Company common stock which will be issued in the Participant’s name in an                  amount based on the market price on the day that the Committee                  approves                  the pay out.  Such decision to convert part of the deferral to                  stock must also be made prior to the final Fiscal Year of the                  cycle.   Distribution election for the stock must be for the                  entire amount of stock deferred for that year following at least                  one year                  of deferral. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | ***Administration                  of Deferral Elections***.  The                  Company shall withhold the amount or percentage of base salary                  specified                  to be deferred in equal amounts for each payroll period and shall                  withhold                  the amount or percentage of cash bonus specified to be deferred                  at the                  time or times such bonus is or otherwise would be paid to the                  Participant.  The amount or percentage of base salary and bonus,                  as applicable, that a Participant elects to defer will remain constant                  for                  the Plan Year of the election and shall not be subject to change                  during                  the Plan Year.  “Base salary” means a Participant’s regular                  annual compensation for a Plan Year, determined as of the first                  day of                  that year, excluding bonuses, commissions, overtime, incentive                  payments,                  non-monetary awards, and other special compensation, before reduction                  for                  compensation deferred pursuant to all qualified and non-qualified                  plans of                  the Company.  “Cash bonus” means amounts (if any) awarded under                  the annual bonus policy maintained by the Company, any commissions                  earned                  on sales and any payments made under the Company’s                  LTIP. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | **Vesting**.  All                  deferrals from Eligible Compensation elected by the Participant                  shall be                  fully vested at all times.  Notwithstanding any provision of the                  Plan to the contrary, Company Contributions, if any, may be subject                  to a                  substantial risk of forfeiture in accordance with the terms of                  a vesting                  schedule, which may be selected by the Company in its sole and                  absolute                  discretion. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3 | **Election                  of Payment Terms**. |
|-----|-------------------------------------------------|

|   | (a) | ***Initial                  Election - Time of Distribution***.  By                  the later of December 31, 2005 and the date that is 30 days after                  becoming                  eligible for the Plan, each Participant will submit an election                  of the                  time of distribution applicable to the Participant’s entire                  Account.  Participants may choose among the following times for                  distribution in accordance with the form provided by the                  Committee: |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | upon                  the                  Participant’s reaching a specified                  age, |
|--------|-----|-----------------------------------------------------------------------------------------------------------|

|   | (2) | upon                  the                  passage of a specified number of                  years, |
|--------|-----|-----------------------------------------------------------------------------------------------------|

|   | (3) | upon                  the                  Participant’s Separation                  from Service with                  the                  Company or, in the case of Key Employees, a                  date that                  is 6 months after the date of Separation from Service (or, if earlier,                  the                  Participant’s date                  of                  death), or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (4) | upon                  the                  earliest to occur of— |
|--------|-----|------------------------------------------------------------------------|

|   | (A) | the                  Participant’s reaching a specified                  age, |
|--------|-----|-------------------------------------------------------------------------------------|

|   | (B) | the                  passage                  of a specified number of years, and |
|--------|-----|-----------------------------------------------------------------------------------|

|   | (C) | the                  Participant’s Separation                  from Service with                  the                  Company or, in the case of Key Employees, a                  date that                  is 6 months after the date of Separation from Service (or, if earlier,                  the                  Participant’s date                  of                  death), |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (5) | upon                  the                  latest to occur of— |
|--------|-----|----------------------------------------------------------------------|

|   | (A) | the                  Participant’s reaching a specified                  age, |
|--------|-----|-------------------------------------------------------------------------------------|

|   | (B) | the                  passage                  of a specified number of years, and |
|--------|-----|-----------------------------------------------------------------------------------|

|   | (C) | the                  Participant’s Separation                  from Service with                  the                  Company or, in the case of Key Employees, a                  date that                  is 6 months after the date of Separation from Service (or, if earlier,                  the                  Participant’s date                  of                  death). |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | ***Initial                  Election - Method of Distribution***.  By                  the later of December 31, 2005 and the date that is 30 days after                  becoming                  eligible for the Plan, each Participant (or Beneficiary) will submit                  an                  election of the method of distribution applicable to the Participant’s                  entire Account.  Participants may choose among the following                  methods of distribution in accordance with the form provided by                  the                  Committee: |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | a                  lump sum                  payment, or |
|--------|-----|----------------------------------------------------------|

|   | (2) | monthly                  installments over a designated period of 5 or 10                  years. |
|--------|-----|---------------------------------------------------------------------------------------------------|

|   | (c) | ***Subsequent                  Elections to Change Timing or Method of                  Distribution***.  A                  Participant may not accelerate                  the time or schedule of any payment under the Plan, except as provided                  in                  Regulations.  Any                  change to                  an election regarding the timing or method of distribution must                  satisfy                  the following conditions: |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | the                  subsequent election to delay a payment must be made no later than                  12                  months prior to the date of the first scheduled payment;                  and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | the                  first                  payment must be deferred for a period of at least 5 years from                  the date                  the payment would otherwise have been                  made. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**ARTICLE        4.  **
**PAYMENT        OF        DEFERRED COMPENSATION**

| 4.1 | **Payment                  upon Distribution Event**.  Except                  as otherwise provided in this article, a Participant will be entitled                  to                  receive all amounts credited to the Participant’s Account in accordance                  with the terms of his or her elections under Article                  3. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2 | **Withdrawal                  for Hardship**.  A                  Participant may apply for distributions from his or her Account                  to the                  extent that the Participant demonstrates to the reasonable satisfaction                  of                  the Committee that he or she needs the funds due to                  Hardship.  Any Participant receiving a distribution on account                  of Hardship shall be ineligible to defer any additional compensation                  under                  the Plan until the first day of the Plan Year following the second                  anniversary of the date of the distribution. In addition, a new                  election                  of deferral must be submitted to the Company as a condition of                  participation in the Plan. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.3 | **Payment                  upon Change in Control**.                  Notwithstanding any other provisions of this Plan, the aggregate                  balances                  credited to and held in the Participants’ Accounts shall be distributed to                  the Participants in a lump sum within 30 days of a Change in Control                  or                  such longer period as may be required by the Code or Regulations;                  provided                  that, in the case of a Key Employee, any payment made on account                  of a                  Separation of Service following a Change in Control shall not be                  made                  until a                  date that                  is 6 months after the date of Separation                  from Service. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.4 | **Payment                  upon Disability**.  Upon                  a Participant’s Disability, as determined by the Committee in its sole                  discretion, prior to the date when payment of his or her Accounts                  would                  otherwise commence under Article 3, the Participant will be entitled                  to                  receive all amounts credited to the Accounts as of the date of                  Disability                  according to the method of payment elected by the                  Participant. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.5 | **Payment                  upon Death**.  Upon                  a Participant’s Separation from Service by reason of death, prior to the                  date when payment of his or her Accounts would otherwise commence                  under                  Article 3, the Participant’s Beneficiary will be entitled to receive all                  amounts credited to the Accounts of the Participant as of the date                  of                  death according to the method of payment elected by the Participant,                  or to                  the extent permissible under Code Section 409A, according to the                  method of                  payment elected by the Beneficiary.  Upon the death of the                  Participant following the commencement of distribution, but prior                  to                  complete distribution of the entire balance of the Participant’s Accounts,                  the balance of the Participant’s Accounts on the date of death shall                  continue to be paid in the elected form of payment to the Participant’s                  Beneficiary. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 4.6 | **Designation                  of Beneficiary**.  The                  Participant may designate a Beneficiary or Beneficiaries to receive                  any                  amount due hereunder by the Participant by written notice thereof                  to the                  Company at any time prior to his or her death and may revoke or                  change the                  Beneficiary so designated without the Beneficiary’s consent by written                  notice delivered to Company at any time and from time to time prior                  to the                  Participant’s death.  If the Participant is married and a                  resident of a community property state, one half of any amount                  due under                  the Plan which is the result of an amount contributed to the Plan                  during                  the Participant’s marriage is the community property of the Participant’s                  spouse and the Participant may designate a Beneficiary or Beneficiaries                  to                  receive only the Participant’s one-half interest. If the Participant shall                  have failed to designate a Beneficiary, or if no such Beneficiary                  shall                  survive him, then such amount shall be paid to his or her estate.                  Designations of Beneficiaries shall be in the form provided by                  the                  Committee. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.7 | **Administration                  of Payments**.  Distribution                  of the lump sum or the first installment shall be made or commence                  within                  90 days following the date of the distribution                  event.  Subsequent installments, if any, shall be made on the                  first day of each month following the first installment as determined                  by                  Company.  The amount of each installment shall be calculated by                  dividing the Account balance as of the date of the distribution                  by the                  number of installments remaining pursuant to the Participant’s                  distribution election.  Each such installment, if any, shall                  take into account earnings credited to the balance of the Account                  remaining unpaid. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.8 | **Permitted                  Acceleration of Payments**.  To                  the extent permitted by Code Section 409A and related Regulations,                  the                  Company may, in the sole discretion of the Committee, commence                  distribution to Participant, Participant’s Beneficiary or other                  appropriate payee the portion of Participant’s Account authorized for                  distribution in accordance with Code Section 409A and related Regulations,                  including the following: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | amounts                  payable to an individual other than the Participant under a domestic                  relations order approved by the Committee in its sole                  discretion; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | de                  minimis                  cashout payments that result in the termination of the entirety                  of a                  Participant’s interest in the Plan, if the payment is made on or before                  the later of December 31 of the Plan Year in which occurs the                  Participant’s Separation from Service or the date 21⁄2 months after the                  Participant’s Separation from Service and the payment is not greater than                  $10,000.  Such an amendment may be made with respect to                  previously deferred amounts under the plan as well as amounts to                  be                  deferred in the future; and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | payment                  to                  Participant to pay the Federal Insurance Contributions Act tax                  imposed                  under Code Section 3101 and 3121(v)(2) on Eligible Compensation                  deferred                  under the Plan, grossed up as permitted under applicable                  Regulations. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**ARTICLE        5.  **
**TRUST        AND        INVESTMENT**

| 5.1 | **Accounts**.  The                  Company shall establish separate Accounts for each Participant                  who                  participates in the Plan.  No special fund shall be established                  nor shall any note or security be issued by the Company with respect                  to a                  Participant’s Accounts. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | **Participants’                  Rights Unsecured**.  The                  right of the Participant or his or her Beneficiary to receive a                  distribution hereunder shall be an unsecured claim against the                  general                  assets of the Company, and neither the Participant nor his or her                  Beneficiary shall have any rights in or against any amount credited                  to his                  or her Account or any other specific assets of the Company, except                  as                  otherwise provided in the Trust.  Nothing contained in the Plan,                  and no action taken pursuant to its provisions, shall create or                  be                  construed to create a trust of any kind or a fiduciary relationship                  between the Plan and the Company or any other person.   |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.3 | **Trust                  Agreement**.  The                  Company may establish the Trust for the purpose of retaining assets                  set                  aside by the Company pursuant to the Trust Agreement for payment                  of all or                  a portion of the amounts payable pursuant to the Plan.  Any                  benefits not paid from the Trust shall be paid solely from the                  Company’s                  general funds, and any benefits paid from the Trust shall be credited                  against and reduced by a corresponding amount the Company’s liability to                  the Participants under the Plan.  No special or separate fund,                  other than the Trust Agreement, shall be established and no other                  segregation of assets shall be made to assure the payment of any                  benefits                  hereunder.  All Trust Funds shall be subject to the claims of                  general creditors of the Company in the event the Company is insolvent                  (as                  that term is defined in the Trust Agreement).  The obligations                  of the Company to pay benefits under the Plan constitute an unfunded,                  unsecured promise to pay and Participants shall have no greater                  rights                  than general creditors of the Company.  Trust assets shall not,                  at any time, be located outside of the United States or be transferred                  outside of the United States, whether or not such assets are available                  to                  satisfy claims of general                  creditors. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.4 | **Investment                  of Contribution**. |
|-----|--------------------------------------------------|

|   | (a) | The                  investment options available to each Participant shall be determined                  by                  the Company and set forth in a separate written document, a copy                  of which                  shall be attached hereto and by this reference is incorporated                  herein.  Each Participant shall have the right to direct the                  Trustee as to the investment of his or her Account in accordance                  with                  policies and procedures implemented by the Trustee.  The Company                  shall not be liable for any investment decision made by any Participant                  while the funds attributable to the Participant’s Account are held by the                  Trustee. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Accounts                  shall be credited with the actual financial performance or earnings                  generated by such investments directed by the Participant and made                  by the                  Trustee, until the Account has been fully distributed to the Participant                  or to the Participant’s Beneficiary. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (c) | Notwithstanding                  any provision of the Plan to the contrary, the Committee or the                  Trustee                  may determine not to take into account the Participant’s designated                  investments and may invest the Participant’s Account in any other manner                  as the Committee or the Trustee shall                  determine. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**ARTICLE        6.  **
**AMENDMENT        AND TERMINATION**

**ARTICLE        7.  **
**ADMINISTRATION**

| 7.1 | **Administration**.  The                  Committee shall administer and interpret the Plan in accordance                  with the                  provisions of the Plan and the Trust Agreement.  Any                  determination or decision by the Committee shall be conclusive                  and binding                  on all persons who at any time have or claim to have any interest                  whatever                  under the Plan.  To                  the extent                  required to avoid penalties under section 409A of the Internal                  Revenue                  Code, the Committee intends to interpret and operate the Plan in                  all                  respects in compliance with Code Section 409A and related                  Regulations. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2 | **Applying                  for Benefits**.  The                  following claims procedures are generally applicable to claims                  filed under                  the Plan.  To the extent required                  by                  law and to the extent the Committee is ruling on a claim for benefits                  on                  account of a disability, the Plan will follow, with respect to                  that claim,                  claims procedures required by law for plans providing disability                  benefits. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | ***General                  Procedures***.  Subject                  to the provisions of subsection (b), the following procedures shall                  apply                  in the determination of claims under the                  Plan. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | *Filing                  a Claim**.  *All                  applications and claims for benefits shall be filed in writing                  by the                  Participant, his or her Beneficiary, or the authorized representative                  of                  the claimant, by completing the procedures required by the                  Committee.  The procedures shall be reasonable and may include                  the completion of forms and the submission of documents and additional                  information. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | *Review                  of Claim**.  *The                  Committee                  shall review all applications and claims for benefits and shall                  decide                  whether to approve or deny the claim in whole or in part.  If a                  claim is denied in whole or in part, the Committee shall provide                  written                  notice of denial to the claimant within a reasonable period of                  time no                  later than 90 days after the Committee receives the claim, unless                  special                  circumstances require an extension of time for processing the                  claim.  If an extension is required, the Committee shall notify                  the claimant in writing (including by electronic media) by the                  end of the                  initial 90-day period and indicate the special circumstances requiring                  an                  extension of time and the date by which the Committee expects to                  render a                  decision on the claim.  The extension shall not exceed an                  additional 90 days.  The notice of denial shall be written                  (including in electronic media) in a manner calculated to be understood                  by                  the claimant and shall include the                  following: |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (A) | specific                  reasons for the denial; |
|--------|-----|---------------------------------------------------|

|   | (B) | specific                  references to pertinent Plan                  provisions; |
|--------|-----|-------------------------------------------------------------------------------------|

|   | (C) | description                  of any additional material or information necessary for the claimant                  to                  perfect his or her claim and an explanation of why such material                  or                  information is necessary; and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (D) | appropriate                  information as to the steps the claimant should take if he or she                  wishes                  to submit the denied claim for review, including any applicable                  time                  limits and including a statement of the claimant’s right to bring a civil                  action under ERISA § 502(a) following a denied claim on                  review. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | *Appealing                  a Claims Denial**.  *If                  the                  claimant wishes a review of the denied claim, he or she shall notify                  the                  Committee in writing within 60 days of the claimant’s receipt of                  notification of the denied claim.  The claimant or the                  claimant’s representative may review pertinent Plan documents and may                  submit issues or comments to the Committee in writing.  The                  claimant or the claimant’s representative may provide the Committee with a                  written statement of the claimant’s position and with written materials in                  support of his or her position, including documents, records and                  other                  information relating to the claim.  The claimant or the                  claimant’s representative may have, upon request and free of charge,                  reasonable access to, and copies of, all documents, records and                  other                  information relevant to the claim.  A document, record or other                  information shall be considered relevant to the claim if such document,                  record or other information (A) was relied upon in making the benefit                  determination, (B) was submitted, considered or generated in the                  course of making the benefit determination, without regard to whether                  such                  document, record or other information was relied upon in making                  the                  benefit determination, or (C) demonstrates compliance with the                  administrative processes and safeguards designed to ensure and                  verify that                  benefit claim determinations are made in accordance with the Plan                  and                  that, where appropriate, the Plan provisions have been applied                  consistently with respect to similarly situated                  claimants. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (4) | *Review                  of Appeal*.  The                  Committee shall forward all requests for review of a denied claim                  together                  with all associated documents to the Chairman of the Committee                  promptly                  after receipt.  The Committee shall make its decision on review                  solely on the basis of the written record, including documents                  and written                  materials submitted by the claimant and/or the claimant’s                  representative.  The Committee shall make a decision on review                  within a reasonable period of time, not later than 60 days after                  the                  Committee receives the claimant’s written request for review unless                  special circumstances require additional time for review of the                  claim.  If the Committee needs an extension of time to review                  the claim, it shall notify the claimant in writing before the end                  of the                  initial 60-day period, and shall indicate the special circumstances                  requiring an extension of time and the date by which the Committee                  expects                  to render the determination on review.  The extension shall not                  be longer than an additional 60 days.  The decision on review                  will be written in a manner calculated to be understood by the                  claimant.  If the claim is denied, the written noticed shall                  include specific reasons for the decision as well as specific references                  to pertinent Plan provisions on which the decision is based, a                  statement                  of the claimant’s right to bring an action under ERISA § 502(a) and 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, with                  “relevant” defined as provided in the previous                  subsection.   |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | ***Determination                  of Disability***.  To                  the extent the Committee is determining a claims for benefits under                  the                  Plan on account of disability, the following procedures shall                  apply. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | *Notice                  of Denial*.  If                  any person claiming benefits under the Plan on account of disability                  is                  denied such benefits by the Committee, no later than 45 days after                  receipt                  of the claim by the Committee (or within 75 days if special circumstances                  require an extension and if written (including electronic) notice                  of such                  extension and circumstances is given to such person within the                  initial                  45-day period), he or she shall be furnished with written notification                  from the Committee stating the following: The notice of denial                  shall be                  written (including in electronic media) in a manner calculated                  to be                  understood by the claimant and shall include the following: |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (A) | specific                  reasons for the denial; |
|--------|-----|---------------------------------------------------|

|   | (B) | specific                  references to pertinent Plan provisions on which the adverse determination                  is based; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------|

|   | (C) | description                  of the Plan’s review procedures and time limits applicable to such                  procedures, including a statement of the claimant’s right to bring a civil                  action under ERISA Section 502(a) following an adverse benefit                  determination on review; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (D) | if                  an                  internal rule, guideline, protocol or other similar criterion (a                  “Guideline”) was relied upon in making the adverse determination, either                  (A) a copy of the Guideline, or (B) a statement that such                  Guideline was relied upon in making the adverse determination and                  a                  statement that a copy of such Guideline will be provided free of                  charge to                  the claimant upon request; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (E) | if                  the                  adverse benefit determination is based on a medical necessity or                  experimental treatment or similar exclusion or limit, either an                  explanation of the scientific or clinical judgment for the determination,                  applying the terms of the Plan to the claimant’s medical circumstances, or                  a statement that such explanation will be provided free of charge                  upon                  request. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | *Appeal                  Process*.  A                  claimant shall have 180 days following receipt of a notification                  of an                  adverse benefit determination within which to appeal the                  determination.  A claimant shall be entitled to submit on appeal                  written comments, documents, records and other information relating                  to the                  claim.  During the time the claimant has for filing an appeal,                  the claimant shall be provided, upon request and free of charge,                  reasonable access to and copies of all documents, records and other                  information relevant to the claim.  The Committee shall forward                  all requests for review of a denied claim together with all associated                  documents to the Chair of the Committee promptly after                  receipt.  The Committee’s review of the claim shall take into                  account all comments, documents, records and other information                  submitted                  by the claimant relating to the claim, without regard to whether                  such                  information was submitted or considered in the initial benefit                  determination.  The review shall not give deference to the                  initial adverse benefit determination.  If the initial benefit                  determination was, in whole or in part, based on medical judgment                  (including determinations with regard to whether a particular treatment,                  drug or other item is experimental, investigational, or not medically                  necessary or appropriate), in deciding the appeal the Committee                  shall                  consult with a health care professional who has appropriate training                  and                  experience in the field of medicine involved in the medical                  judgment.  Such professional shall be an individual who is                  neither an individual who was consulted in connection with the                  adverse                  benefit determination that is the subject of the appeal, nor the                  subordinate of any such individual.  If the Plan obtained advice                  from any medical or vocational experts in making the initial benefit                  determination, the Committee shall identify such experts to the                  claimant,                  regardless of whether the advice was relied upon in making the                  initial                  benefit determination. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|   | (3) | *Notification                  of Benefit Determination on Review*.  The                  Committee shall provide the claimant with written notification                  of the                  Plan’s benefit determination on review.  If on review the                  initial denial of benefits is affirmed, the notification shall                  set forth,                  in a manner calculated to be understood by the claimant, the                  following: |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (A) | specific                  reason for the adverse                  determination; |
|--------|-----|----------------------------------------------------------------------------------|

|   | (B) | specific                  references to pertinent Plan provisions on which the adverse determination                  is based; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------|

|   | (C) | 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; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (D) | statement                  describing the Plan’s voluntary appeal procedures, if any, and describing                  the claimant’s right to obtain the information about such procedures, and                  a statement of the claimant’s right to bring an action under ERISA Section                  502(a); |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (E) | if                  a                  Guideline was relied upon in making the adverse determination,                  either                  (A) a copy of the Guideline, or (B) a statement that such                  Guideline was relied upon in making the adverse determination and                  a                  statement that a copy of such Guideline will be provided free of                  charge to                  the claimant upon request; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (F) | if                  the                  adverse benefit determination is based on a medical necessity or                  experimental treatment or similar exclusion or limit, either an                  explanation of the scientific or clinical judgment for the determination,                  applying the terms of the Plan to the claimant’s medical circumstances, or                  a statement that such explanation will be provided free of charge                  upon                  request; and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (G) | the                  following                  statement: “You and your Plan may have other voluntary alternative dispute                  resolution options, such as mediation.  One way to find out what                  may be available is to contact your local U.S. Department of Labor                  Office                  and your State insurance regulatory                  agency.” |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | The                  Committee                  shall have full discretionary authority to consider claims filed                  under the                  Plan and to determine eligibility, status and rights of all individuals                  under the Plan and to construe any and all terms of the Plan. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | Following                  the                  approval of a claim for benefits under the Plan, pursuant to the                  claims                  procedure set forth in this section, the Committee shall have the                  authority to construe and administer the Plan in a manner that                  is                  consistent with the payment of benefits in accordance with the                  approved                  claim. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.3 | **Liability                  of Committee; Indemnification**.  To                  the extent permitted by law, the Committee shall not be liable                  to any                  person for any action taken or omitted in connection with the                  interpretation and administration of the Plan unless attributable                  to his                  or her own bad faith or willful misconduct.  The Committee may                  employ legal counsel, consultants, actuaries and agents as they                  may deem                  desirable in the administration of the Plan and may rely on the                  opinion of                  such counsel or the computations of such consultant or other                  agent.  The Committee shall provide for the keeping of detailed                  written minutes of its actions hereunder, which shall be reviewed                  by the                  legal counsel or the consultant engaged by the Committee prior                  to their                  finalization. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.4 | **Expenses**.  The                  costs of the establishment of the Plan and the adoption of the                  Plan by the                  Company, including but not limited to legal and accounting fees,                  shall be                  borne by the Company.  The expenses of administering the Plan                  shall be borne by the Trust; provided, however, that the Company                  shall                  bear, and shall not be reimbursed by, the Trust for any tax liability                  of                  the Company associated with the investment of assets by the                  Trust.  All taxes associated with participation in the Plan,                  including any tax liability under Code Section 409A, shall be borne                  by the                  Participant. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**ARTICLE        8.  **
**GENERAL        AND        MISCELLANEOUS**

| 8.1 | **Rights                  Against the Company**.  Except                  as expressly provided by the Plan, the establishment of the Plan                  shall not                  be construed as giving to any Participant or to any person whomsoever,                  any                  legal, equitable or other rights against the Company, or against                  its                  officers, directors, agents or shareholders, or as giving to any                  Participant or Beneficiary any equity or other interest in the                  assets,                  business or shares of Company stock or giving any Participant the                  right to                  be retained in the employment of the Company.  All Participants                  shall be subject to discharge (with or without cause) to the same                  extent                  they would have been if the Plan had never been adopted.  The                  rights of a Participant hereunder shall be solely those of an unsecured                  general creditor of the Company.  Neither the Plan nor any                  action taken hereunder shall be construed as giving to any Participant                  the                  right to continue rendering services to or for the benefit of the                  Company                  or as affecting the right of the Company to dismiss any                  Participant.  Any benefit payable under the Plan shall not be                  deemed salary or other compensation for the purpose of computing                  benefits                  under any Participant benefit plan or other arrangement of the                  Company for                  the benefit of its Participants. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 8.2 | **Assignment                  or Transfer**.  No                  right, title or interest of any kind in the Plan shall be transferable                  or                  assignable by any Participant or Beneficiary or be subject to alienation,                  anticipation, encumbrance, garnishment, attachment, execution or                  levy of                  any kind, whether voluntary or involuntary, nor subject to the                  debts,                  contracts, liabilities, engagements, or torts of the Participant                  or                  Beneficiary.  Any attempt to alienate, anticipate, encumber,                  sell, transfer, assign, pledge, garnish, attach or otherwise subject                  to                  legal or equitable process or encumber or dispose of any interest                  in the                  Plan shall be void.   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.3 | **Severability**.  If                  any provision of the Plan shall be declared illegal or invalid                  for any                  reason, said illegality or invalidity shall not affect the remaining                  provisions of the Plan but shall be fully severable, and the Plan                  shall be                  construed and enforced as if said illegal or invalid provision                  had never                  been inserted herein.   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.4 | **Construction**.  The                  article and section headings and numbers are included only for                  convenience                  of reference and are not to be taken as limiting or extending the                  meaning                  of any of the terms and provisions of the Plan.  Whenever                  appropriate, words used in the singular shall include the plural                  or the                  plural may be read as the singular.  When used herein, the                  masculine gender includes the feminine                  gender.   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.5 | **Governing                  Law**.  The                  validity and effect of the Plan and the rights and obligations                  of all                  persons affected hereby shall be construed and determined in accordance                  with the laws of the State of Delaware unless superseded by federal                  law,                  which shall govern correspondingly. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.6 | **Payment                  Due to Incompetence**.  If                  the Committee receives evidence that a Participant or Beneficiary                  entitled                  to receive any payment under the Plan is physically or mentally                  incompetent to receive such payment, the Committee may, in its                  sole and                  absolute discretion, direct the payment to any other person or                  Trust which                  has been legally appointed by the courts or to any other person                  determined                  by the Company to be a proper recipient on behalf of such person                  otherwise                  entitled to payment, or any of them, in such manner and proportion                  as the                  Company may deem proper.  Any such payment shall be in complete                  discharge of the Company’s obligations under the                  Plan.   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.7 | **Taxes**.  All                  amounts payable hereunder shall be reduced by any and all federal,                  state, and local taxes imposed upon Participant or his or her Beneficiary,                  which are required to be paid or withheld by Company.  The                  determination of Company regarding applicable income and employment                  tax                  withholding requirements shall be final and binding on                  Participant. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 8.8 | **Insurance**.  In                  the event that any Participant elects, in his or her discretion,                  to                  independently purchase an insurance policy covering the inability                  of the                  Plan or the Trust to make any payments to which Participant is                  entitled                  under the Plan or the Trust, the Company shall use its best efforts                  to                  facilitate the payment by Participant of any applicable excise                  taxes which                  become due as the result of the payment of premiums under such                  policy.  Nothing contained herein shall be construed as an                  endorsement by the Company of the purchase of such a policy or                  a                  recommendation by the Company that the purchase of such a policy                  is                  necessary or desirable as the result of Participant’s participation in the                  Plan.  In the event that such insurance would result in adverse                  tax consequences to the Participant, the Participant shall terminate                  such                  insurance. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.9 | **Attorney’s                  Fees**.  Company                  shall pay the reasonable attorney’s fees incurred by any Participant in an                  action brought against Company to enforce Participant’s rights under the                  Plan, provided that such fees shall only be payable in the event                  that the                  Participant prevails in such                  action. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.10 | **Plan                  Binding on Successors and Assignees**.                  The Plan                  shall be binding upon and inure to the benefit of the Company and                  its                  successor and assigns and the Participant and the Participant’s designee                  and estate. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**ACKNOWLEDGMENT**

|   | Dated:                       | ____________________________________________            |
|--------|------------------------------|---------------------------------------------------------|
|   |                         |                                                    |
|   |                         |                                                    |
|   | Print                  Name: | ____________________________________________            |
|   |                         |                                                    |
|   |                         |                                                    |
|   | Signed:                      | ____________________________________________            |
|   |                         | Employee                                                |
|   |                         |                                                    |
|   | Dated:                       | ____________________________________________            |
|   |                         |                                                    |
|   |                         | BUILDING                  MATERIALS HOLDING CORPORATION |
|   | Signed:                      | ____________________________________________            |
|   |                         |                                                    |
|   |                         | [Officer]                                               |

|   | r | I                  waive                  enrollment in the 2005 Executive Deferred Compensation Plan for                  the Plan                  year 2006. |
|--------|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**DISTRIBUTION        ELECTION**

----

**ELECTION        OF        DEFERRAL**

| I                  elect,                  pursuant to the Building Materials Holding Corporation 2005 Deferred                  Compensation Plan (the "Plan"), to make the following deferral(s)                  with                  respect to compensation earned during the Plan Year beginning January                  1,                  200_ and ending December 31, 200_: |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                    | o I                  waive                  enrollment in the 2005 Executive Deferred Compensation Plan for                  Plan year                  2006 **OR:** |
|                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
| Deferred                  Compensation Plan                                                                                                                                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                                                                                                    |
|                                                                                                                                                                                                                                                                                                                                                                                    | o _____% | of                  base                  salary (even %) |
|                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                    | o _____% | of                  any mid                  year cash bonus (even %) paid to me by Employer for 2006 (payout                  in                  mid-2006; must be elected by December 31, 2005) and |
|                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                    | o _____% | of                  any year                  end bonus (even %) paid to me by Employer for 2006 (payout in 2007;                  must                  be elected by June 30, 2006) |
|                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                    | **OR** |   |
|                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                    | o $_____ | of                  any mid                  year cash bonus paid to me by Employer for 2006 (payout in mid-2006,                  must                  be elected by December 31, 2005) and |
|                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                    | o $_____ | of                  any year                  end bonus paid to me by Employer for 2006 (payout in 2007; must                  be elected                  by June 30, 2006) |
|                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                    | o **OR** |   |
|                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                    | o $ALL | of                  my cash                  bonus paid to me by Employer over $________ |
|                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                    | **Long-Term                  Incentive Plan (2007 Payout)** |
|                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                    | o $_____                  or _____% of any payment from a Long                  Term Incentive Plan and/or |
|                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                    | o $_____                  or _____% of any payment from a Long                  Term Incentive Plan that I wish to have converted to BMHC stock                  and                  deferred in accordance with my                  instructions. |

*This        election        shall take effect for the Plan Year beginning January 1, 200_.  It may        be terminated or modified by me only with written notice.  If        termination is not submitted by the last day of any Plan Year, the election        shall take effect for the Plan Year following. The deferral of compensation        hereby elected is subject to all of the terms and conditions of the Plan        and of        the Building Materials Holding Corporation 2005 Deferred Compensation Plan        Trust        Agreement as amended, copies of which the Employer has given me, and which        I        have read and understood. *

----

**Beneficiary        Designation**

*Complete        *
*A*
*        if you are a        resident of a community property state.  Complete *
*B*
*        if the state        in which you reside is not a community property state.*

| A.     | 50%      |   | [Spouse]                                                         |
|--------|----------|--------|------------------------------------------------------------------|
|   |     |   |                                                             |
|   | _______% |   | ________________________________________________________________ |
|   |     |   |                                                             |
|   | _______% |   | ________________________________________________________________ |
|   |     |   |                                                             |
|   | _______% |   | ________________________________________________________________ |
|   |     |   |                                                             |
| B.     | _______% |   | ________________________________________________________________ |
|   |     |   |                                                             |
|   | _______% |   | ________________________________________________________________ |
|   |     |   |                                                             |
|   | _______% |   | ________________________________________________________________ |
|   |     |   |                                                             |
|   | _______% |   | ________________________________________________________________ |

| Signature:                  _____________________________________ |   | Date:                  ____________________ |
|-------------------------------------------------------------------|--------|---------------------------------------------|
|                                                              |   |                                        |
|                                                              |   |                                        |
| Name:                  ________________________________________   |   |                                        |

***To        be        completed only if any above named beneficiary is not my        spouse:***

| Signature:                  _____________________________________ |   | Date:                  ____________________ |
|-------------------------------------------------------------------|--------|---------------------------------------------|
|                                                              |   |                                        |
|                                                              |   |                                        |
| Name:                  ________________________________________   |   |                                        |

----