**Building      Materials Holding Corporation**

**2005      Deferred Compensation Plan**

**for      Directors**

----

**TABLE      OF      CONTENTS**

*Page*

| ARTICLE                1.                DEFINITIONS                      | 24                                                            |
|---------------------------------------------------------------------------|---------------------------------------------------------------|
| 1.1                                                                       | Account                                                       | 24 |
| 1.2                                                                       | Beneficiary                                                   | 24 |
| 1.3                                                                       | Cash                Account                                   | 24 |
| 1.4                                                                       | Change                in                Control               | 24 |
| 1.5                                                                       | Code                                                          | 25 |
| 1.6                                                                       | Committee                                                     | 25 |
| 1.7                                                                       | Company                                                       | 25 |
| 1.8                                                                       | Company                Contributions                          | 25 |
| 1.9                                                                       | Compensation                                                  | 25 |
| 1.10                                                                      | Disability                                                    | 25 |
| 1.11                                                                      | Effective                Date                                 | 26 |
| 1.12                                                                      | Fees                                                          | 26 |
| 1.13                                                                      | Hardship                                                      | 26 |
| 1.14                                                                      | Participant                                                   | 26 |
| 1.15                                                                      | Plan                                                          | 26 |
| 1.16                                                                      | Plan                Year                                      | 26 |
| 1.17                                                                      | Regulations                                                   | 26 |
| 1.18                                                                      | Separation                from Service                        | 26 |
| 1.19                                                                      | Stock                                                         | 27 |
| 1.20                                                                      | Trust                or                Trust Agreement        | 27 |
| 1.21                                                                      | Trust                Fund                                     | 27 |
| 1.22                                                                      | Trustee                                                       | 27 |
|                                                                      |                                                          |
| ARTICLE                2.                ELIGIBILITY                      | 27                                                            |
|                                                                      |                                                          |
| ARTICLE                3.                DEFERRED COMPENSATION            | 27                                                            |
| 3.1                                                                       | Deferred                Compensation                          | 27 |
| 3.2                                                                       | Vesting                                                       | 29 |
| 3.3                                                                       | Election                of                Payment Terms       | 29 |
|                                                                      |                                                          |
| ARTICLE                4.                PAYMENT OF DEFERRED COMPENSATION | 31                                                            |
| 4.1                                                                       | Payment                upon                Distribution Event | 31 |
| 4.2                                                                       | Withdrawal                for Hardship                        | 31 |
| 4.3                                                                       | Payment                upon                Change in Control  | 31 |
| 4.4                                                                       | Payment                upon                Disability         | 31 |
| 4.5                                                                       | Payment                upon                Death              | 31 |
| 4.6                                                                       | Designation                of Beneficiary                     | 32 |
| 4.7                                                                       | Administration                of Payments                     | 32 |
| 4.8                                                                       | Permitted                Acceleration of Payments             | 32 |
| 4.9                                                                       | Permitted                Delay of Payments                    | 33 |
|                                                                      |                                                          |
| ARTICLE                5.                TRUST AND INVESTMENT             | 33                                                            |
| 5.1                                                                       | Accounts                                                      | 33 |
| 5.2                                                                       | Participants’                Rights Unsecured           | 33 |

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| 5.3                                                                | Trust                Agreement                                         | 34 |
|--------------------------------------------------------------------|------------------------------------------------------------------------|----|
| 5.4                                                                | Investment                of                Contribution               | 34 |
| 5.5                                                                | Voting                of                Shares Held in Stock Accounts  | 34 |
|                                                               |                                                                   |
| ARTICLE                6.                AMENDMENT AND TERMINATION | 35                                                                     |
|                                                               |                                                                   |
| ARTICLE                7.                ADMINISTRATION            | 35                                                                     |
| 7.1                                                                | Administration                                                         | 35 |
| 7.2                                                                | Applying                for                Benefits                    | 35 |
| 7.3                                                                | Liability                of                Committee; Indemnification  | 41 |
| 7.4                                                                | Expenses                                                               | 41 |
|                                                               |                                                                   |
| ARTICLE                8.                GENERAL AND MISCELLANEOUS | 41                                                                     |
| 8.1                                                                | Rights                Against the Company                              | 41 |
| 8.2                                                                | Assignment                or                Transfer                   | 42 |
| 8.3                                                                | Severability                                                           | 42 |
| 8.4                                                                | Construction                                                           | 42 |
| 8.5                                                                | Governing                Law                                           | 42 |
| 8.6                                                                | Payment                Due                to Incompetence              | 42 |
| 8.7                                                                | Taxes                                                                  | 42 |
| 8.8                                                                | Insurance                                                              | 42 |
| 8.9                                                                | Attorney’s                Fees                                   | 43 |
| 8.10                                                               | Plan                Binding                on Successors and Assignees | 43 |

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

----

**BUILDING      MATERIALS HOLDING CORPORATION**

**2005      DEFERRED COMPENSATION PLAN**

**FOR      DIRECTORS**

**RECITALS**

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

| 1.1 | ***Account***.                means the                separate account(s) established under this Plan for each                Participant.  The term Account shall include the Cash Account                and the Stock Account, except where the context indicates                otherwise.  The Company shall furnish each Participant with a                statement of his or her Account balances at least                annually. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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 | ***Cash                Account***.                means the                separate account established under the Plan for each Participant                who                elects to defer Fees in a form other than                Stock. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.4 | ***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 |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (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. |
|--------|-----|------------------------------------------------------------------------------|

| 1.5 | ***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. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.6 | ***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 this Plan in accordance with Article                8. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.7 | ***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. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.8 | ***Company                Contributions***.                means the                Company’s discretionary contribution, if any, pursuant to Section                3.1(b). |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.9 | ***Compensation***.                means any                and all Fees payable or Shares issuable to Participants for services                rendered. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.10 | ***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. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.11 | ***Effective                Date***.                means                January 1, 2005. |
|------|-------------------------------------------------------------------------------------------|

| 1.12 | ***Fees***.                means cash                amounts payable to Participants for services                rendered. |
|------|----------------------------------------------------------------------------------------------------------------------------|

| 1.13 | ***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. |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.14 | ***Participant***.                means any                individual who is either (a) a member of the Board of Directors who                is not                an employee of the Company, or (b) providing management consultation                to                the Company in his or her capacity as an independent                contractor. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

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

| 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 association of the Participant as a director or employee                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                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 | ***Stock***.                means the                Common Stock issuable by the Company to Participants for services                rendered. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.20 | ***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. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.21 | ***Trust                Fund***.                means the                cash and other assets and/or properties held and administered by                Trustee,                other than Shares, pursuant to the Trust to carry out the provisions                of                the Plan. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.22 | ***Trustee***.                means the                designated Trustee acting at any time under the                Trust. |
|------|------------------------------------------------------------------------------------------------------------------------------|

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

|   | (a) | are                classified as non-employee directors or independent contractors,                and  |
|--------|-----|--------------------------------------------------------------------------------------------------------------|

|   | (b) | have                been                selected by the Committee to participate in the                Plan. |
|--------|-----|--------------------------------------------------------------------------------------------------------------|

**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 Fees and/or Shares for active service otherwise payable to                him by                the Company during each year or portion of a year that the Participant                shall provide services to the Company.  Any Participant’s                election to defer Compensation must satisfy the following                conditions: |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (1) | ***Newly                Eligible Participants***.  A                Participant who is elected as a director during a Plan Year shall                have 30                days from the date of such election in which 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 dollar amount of Fees that may be deferred per annum is                $5,000.  The minimum percentage of Shares that may be deferred                per annum is 100%. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (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 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 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 Cash                Accounts of the Participants shall be determined in the sole and                absolute                discretion of the Company, and may be made without regard to whether                the                Participant to whose Cash 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’ Cash 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.   |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | ***Accounts***.  The                Company shall establish on its books one or two separate Accounts                for each                Participant who participates in the Plan: a Stock Account and/or                a Cash                Account.  Fees deferred by a Participant shall be credited to                the Stock Account or the Cash Account as elected by the Participant                at the                time the Participant elects to defer Fees.  Such election may be                divided between the two Accounts in increments of 25% of the deferred                Fees                covered by the election.  An election between the Stock Account                and the Cash Account shall be irrevocable as to the deferred Fees                covered                by the election and no transfers between the Stock Account and the                Cash                Account shall be permitted.  No special fund shall be                established nor shall any notes or securities be issued by the Company                with respect to a Participant’s                Accounts. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (1) | ***Fees***.  The                credit for deferred Fees shall be entered on the Company’s books of                account each quarter at the time that Fees are paid to other the                Participants who do not elect to defer the payment of such                Fees.   |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | ***Shares***.  The                number of Shares deferred by a Participant shall be credited to the                Stock                Account, including fractional shares.  The credit for deferred                Shares shall be entered on the Company’s books of account as soon as                practicable after the Company’s annual shareholders’ meeting of the year                subject to the deferral.  With                respect                to Fees deferred to a Participant’s Stock Account, the Stock Account shall                be credited with a number of shares equal to the deferred Fees divided                by                the fair market value of the shares.  Dividends                payable on Shares may be used to purchase additional Shares, as determined                in the sole discretion of the                Trustee. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | **Vesting**.  All                deferrals elected by the Participant from Fees or Shares 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 entirety of the Participant’s                Accounts.  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                beginning of the Plan Year following the passage of a specified number                of                years, |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | upon                the                Participant’s Separation from Service with the Company,  |
|--------|-----|------------------------------------------------------------------------------------------------------------|

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

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

|   | (B) | the                beginning                of the Plan Year following the passage of a specified number of years,                and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------|

|   | (C) | the                Participant’s Separation from Service with the                Company, |
|--------|-----|-------------------------------------------------------------------------------------------------|

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

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

|   | (B) | the                beginning                of the Plan Year following the passage of a specified number of years,                and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------|

|   | (C) | the                Participant’s Separation from                Service. |
|--------|-----|--------------------------------------------------------------------------------|

|   | (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                single lump                sum payment, or |
|--------|-----|-------------------------------------------------------------|

|   | (2) | monthly                installments over a designated period of 5 or 10 years, which shall                be                treated as a single payment for election                purposes. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (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. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**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 Accounts 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 Accounts 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. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 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,                but                in no event later than the end of the 21⁄2 month period following the Plan                Year in which occurs 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 Cash Account                balance                or the number of Shares in the Stock Account 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.  Benefits payable to a Participant                from a Stock Account shall only be paid to the Participant as a                distribution of Common Stock plus cash for fractional                shares.  Benefits payable to a Participant from a Cash Account                shall only be paid to the Participant in                cash. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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 vested Plan Benefit 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; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (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;                and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (d) | payment                to                Participant in the event the Plan with respect to that Participant                fails                to meet the requirements of Code Section 409A and related Regulations                in                an amount not to exceed the amount required to be included in income                as a                result of the failure to comply with the requirements of Code Section                409A                and the related Regulations. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.9 | **Permitted                Delay of Payments**.  To                the extent permitted by Code Section 409A and related Regulations,                the                Company shall delay distribution to Participant, Participant’s Beneficiary                or other appropriate payee the portion of Participant’s vested Plan                Benefit authorized for distribution to the                extent— |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | that                the                Committee reasonably anticipates that the Company’s deduction with respect                to such payment otherwise would be limited or eliminated by application                of                Code Section 162(m); |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | that                the                Committee reasonably anticipates that the making of the payment will                violate a term of a loan agreement or other similar contract to which                the                Company is a party, and such violation will cause material harm to                the                Company; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | that                the                Committee reasonably anticipates that the making of the payment will                violate federal securities laws or other applicable law; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | upon                such                other events and conditions as may be permitted under the Code and                Regulations; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------|

**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 notes or securities 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 Cash Account                or                Stock Account or any other specific assets of the Company, except                as                otherwise provided in the Trust.  Nothing contained in this                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 Cash 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 Accounts are held by the                Trustee. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Cash                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 Cash Account has been fully distributed to the                Participant or to the Participant’s Beneficiary.  Stock Accounts                shall only be credited with any dividends or other distributions                received                in respect of the Shares.   |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (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. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.5 | **Voting                of Shares Held in Stock Accounts**.  At                the time of mailing of notice of each annual or special stockholders’                meeting of the Company, the Company shall send a copy of the notice                and                all proxy solicitation materials to each Participant who has Shares                held                in a Stock Account, together with a voting direction form for return                to                the proxy holder or its designee.  The Participant shall have                the right to direct the proxy holder as to the manner in which the                proxy                holder is to vote the Shares credited to the Participant’s Stock                Account.  The Trustee, in its sole discretion, shall have the                right to vote shares for which it has received no directions from                the                Participant.  With respect to all rights other than the right to                vote, the Company shall follow the directions of the                Committee. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**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 Administrator 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. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (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 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 the                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                continue rendering services to or for the benefit 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 this 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 this 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**.                The Company                may withhold from any benefits payable under this Plan, all federal,                state, city or other taxes as shall be required pursuant to any law                or                governmental regulation or ruling. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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**.                The Company                shall pay the reasonable attorney’s fees incurred by any Participant in an                action brought against the Company to enforce the 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**

| Building                  Materials Holding Corporation       | Participant                                                  |
|---------------------------------------------------------------|--------------------------------------------------------------|
|                                                          |                                                         |
| By:                  ________________________________         | Signature:                  ________________________________ |
|                                                          |                                                         |
| Title:                  _______________________________  | Name:                  ___________________________________   |
|                                                          |                                                         |
| Date:                  ______________________________         | Date:                  ____________________________________  |

----

**Distribution      Election**

***Timing      of Payment***

***Method      of Payment***

***Stock      Account***

** **

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

----

**Director      Election of Deferral**

| $_________________ |   | Quarterly                as                director fee’s are paid (minimum annual =                $5,000) |
|--------------------|--------|-------------------------------------------------------------------------------------------------------------------|

| YES_____ / NO_____ |   | Annual director Stock grant |
|------------------------------|--------|--------------------------------------------|

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

----

**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:                ________________________________________   |   |                                      |

----