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                                                                    EXHIBIT 10.z

                           FIFTEENTH AMENDMENT TO THE
               HUFFY CORPORATION SUPPLEMENTAL/EXCESS BENEFIT PLAN

         WHEREAS, Huffy Corporation (the "Sponsor") maintains the Huffy
Corporation Supplemental/Excess Benefit Plan (the "Plan") effective June 1,
1988; and

         WHEREAS, the Sponsor desires to amend the Plan;

         NOW, THEREFORE, the Sponsor adopts the following amendment to the Plan
effective as of August 1, 2003:

I.       Section 5.2(c) of the Plan shall be amended in its entirety and
         restated to read as follows:

                           (c) Except as set forth in paragraphs (1) and (2)
                  below, the Supplemental/Excess Benefit of a Senior Executive
                  Participant will be reduced to an Actuarial Equivalent (as
                  defined in Exhibit B) in the same manner and to the same
                  extent as benefits payable under the Retirement Plan.
                  Provided, however, that in the following circumstances the
                  Supplemental/Excess Benefit of a Senior Executive Participant
                  will be payable as described in paragraphs (1) and (2), as
                  applicable:

                                    (1) If a Senior Executive Participant Severs
                           from Service within two years following a Change in
                           Control and begins to receive the Supplemental/Excess
                           Benefit on or after reaching age 58, then in
                           determining the Actuarial Equivalent of the Senior
                           Executive Participant's Supplemental/Excess Benefit
                           for the purposes of this Section, amounts payable to
                           the Senior Executive Participant will not be reduced
                           to reflect distributions before the Normal Retirement
                           Date, but will be reduced to reflect distributions in
                           a form other than the normal form of benefit.

                                    (2) If a Senior Executive Participant has
                           reached age 60 and earned 10 or more years of
                           Credited Service (as determined under the Retirement
                           Plan, subject to additional Credited Service granted
                           under this Plan), then amounts payable to the Senior
                           Executive Participant will not be reduced to reflect
                           distributions before the Normal Retirement Date, but
                           will be reduced by 0.2083% for each month by which
                           the commencement of distributions precedes the date
                           on which the Senior Executive Participant reaches age
                           62. In addition, amounts payable to such a
                           participant will be reduced to reflect distributions
                           in a form other than the normal form of benefit.

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II.      Paragraph (c) of the definition of "Actuarial Equivalent" as set forth
         in Exhibit B shall be amended in its entirety and restated to read as
         follows:

                  (c)      For the purpose of calculating lump sum payments
                  under Article V, the interest rate used to determine the
                  Actuarial Equivalent as of any date shall be the effective
                  annual yield (as determined by the Sponsor) on Treasury
                  securities which mature on the earliest of (i) the date on
                  which the Participant will reach the Normal Retirement Date,
                  (ii) the date on which the sum of the Participant*s age and
                  Period of Service equals 85, or (iii) the date on which the
                  Participant has reached age 60 and earned 10 or more years of
                  Credited Service (as determined under the Retirement Plan,
                  subject to additional Credited Service granted under this
                  Plan). The mortality table used to calculate lump sum payments
                  under Article V shall be the "applicable mortality table"
                  provided for in Section 417(e)(3)(A)(ii)(I) of the Code, or
                  such other table as may be designated by the Sponsor from time
                  to time.

III.     The definition of "Early Retirement" as set forth in Exhibit B shall be
         amended in its entirety and restated to read as follows:

                           "Early Retirement" means if a Participant Retires
                  between (a) attaining age 55 and completing a Period of
                  Service of at least 5 Years and (b) his Normal Retirement
                  Date, he will be eligible to receive his Accrued Retirement
                  pension beginning on the Annuity Starting Date he elects. If
                  he elects an Annuity Starting Date which precedes his Normal
                  Retirement Date, his Accrued Retirement Pension will be
                  reduced to the Actuarial Equivalent of his Normal Retirement
                  Pension. However, if he has attained age 58 and if the sum of
                  his Period of Service and age at least equals 85, his benefit
                  will not be reduced to an Actuarial Equivalent if his Annuity
                  Starting Date precedes his Normal Retirement Date. Provided
                  further, that, as set forth in section 5.2(c)(2) of the Plan,
                  if the Participant has reached age 60 and earned 10 or more
                  years of Credited Service (as determined under the Retirement
                  Plan, subject to additional Credited Service granted under
                  this Plan) his benefit will not be reduced to an Actuarial
                  Equivalent if his Annuity Starting Date precedes his Normal
                  Retirement Date, but will be reduced in the manner and in the
                  amount set forth in section 5.2(c)(2) of the Plan.

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IV.      In all other respects, the Plan shall remain unchanged.

         IN WITNESS WHEREOF, the Sponsor has caused this instrument to be
executed as of this 25th day of August, 2003.

                                          HUFFY CORPORATION

                                          By: /s/ Timothy G. Howard
                                              ---------------------------------

                                          Title: Vice President - Controller

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