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|   | (a) | An      officer of an Employer earning more than $135,000 per year, as adjusted      from time to time in accordance with Internal Revenue Service      guidelines, |
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|   | (b) | A      five percent owner of an Employer,or |
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|   | (c) | A      one percent owner of an Employer having Compensation from the Employer of      more than $150,000, |
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| 2.1 | Commencement of      Participation.  Each Eligible Employee shall become a      Participant as of the date on which he or she is designated as an Eligible      Employee. Prior to commencement of participation in the Plan, each      Participant shall be required to complete a Participation Agreement      designating the form and timing of the distribution of his or her      Accounts. |
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| 3. | Section      3.6 of the Plan is hereby deleted from the Plan in its entirety, effective      with respect to Participants commencing participation in the Plan on and      after January 1, 2007. |
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| 6.1 | Entitlement to      Distribution. A Participant shall be entitled to distribution due      to separation from service on account of death, Disability, Early      Retirement, Retirement or any other reason, provided the Participant is      vested in his Account. |
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|   | (a) | General      Rule.  Distribution of the vested balance of a      Participant’s Accounts shall be made in accordance with his or her      election which indicates the Participant’s choice with respect to the form      of distribution among the options available under Section 6.3 hereof. The      Participant may make a separate election as to the form of distribution in      the event of death and the time at which distribution is to commence      following death. Such distribution elections must be made at the time the      Participant completes his or her initial Participation Agreement in      accordance with Section 2.1. A Participant may modify his or her      previously-made elections relating to the form of distribution and may      modify the time at which distribution would otherwise commence under      Section 6.4 hereof in accordance with Section 6.2(b). Notwithstanding the      preceding, if an Eligible Employee is participating in the Plan in 2005,      2006, or      2007 and has not previously designated the form of distribution of      his or her Accounts or desires to modify a previously-filed distribution      election, he or she must make or modify such an election, as the case may      be, and file it with the Administrator on or before December 31, 2007; provided,      however, that a Participant may not file a modified payment election in      2006 that has the effect of deferring payment of amounts the Participant      would otherwise receive in 2006 or cause payments to be made in 2006 that      would otherwise be made subsequent to 2006; likewise the      Participant may not  file a modified payment election in 2007      that has the effect of deferring payment of amounts the Participant would      otherwise receive in 2007 or cause payments to be made in 2007 that would      otherwise be made subsequent to 2007. The elections referred to in      the immediately preceding sentence shall not be required to meet the      requirements of Section 6.2(b). |
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|   | (b) | Modification      to the Time or Form of Distribution.  Except as may be permitted      under 6.2(a) hereof, any election by a Participant to modify a      previously-filed distribution election or to modify the time at      which |
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|   | (i) | Such      modification may not be effective for at least twelve (12) months after      the date on which the modification ismade. |
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|   | (ii) | Except      in the case of modifications relating to distributions on account of death      or Disability, the modification must provide that payment will not      commence for at least five (5) years from the date payment would otherwise      have been made or commenced. |
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|   | (iii) | A      modification related to a distribution to be made at a specified time or      under a fixed schedule may not be made less than twelve (12) months prior      to the date of the first otherwise scheduled  payment. |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | Such      modification may not permit acceleration of the time or schedule of any      payment under the Plan, except as may be permitted pursuant to applicable      Treasury Regulations. |
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| 6.3 | Form of      Payment.  A Participant entitled to distribution shall      receive such distribution in one of the following forms, as previously      elected by the Participant in accordance with Section 6.2 and commencing      in accordance with Section 6.4: (i) a single life annuity; (ii) a joint      and 50%, 75% or 100% survivor annuity; (iii) a ten-year certain and life      annuity; (iv) a five-year certain and life annuity; (v) one lump sum; and      (vi) annual installments over a period elected by the Participant (up to      twenty (20) years). If payment is to be made in the form of an annuity,      the amount payable to a Participant (and if applicable, the survivor      annuitant) as an annuity shall be determined, in the sole discretion of      the Administrator, by reference to a commercial annuity which could be      purchased from an insurer with the Participant's vested Account at the      time such payments are to commence. If payment is to be      made in the form of installment payments, in accordance with Treasury      Regulation Section 1.409A-2(b)(2)(iii) and (iv) and for purposes of      Section 6.2(b) hereof, such an election shall be treated as an election of      a series of separate payments. Under no circumstances shall the      Participant have any preferential or secured right to or interest in any      annuity contract purchased from an insurer by the Employer or Trustee, and      the rights of such Participant (and if applicable, the survivor annuitant)      shall remain that of a general creditor. If the Participant has not made a      valid election in accordance with Section 6.2 regarding the form of      distribution of his Plan benefit, distribution shall be made in the form      of one lump sum payment. |
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|   | (a) | For      purposes of this Section 6.4, the “Earliest Distribution Date” shall mean      the earliest date on which distribution could be made or commence to the      Participant under the Pension Plan, determined with regard to each      Participant as of the date the Participant commenced participation under      this Plan, without regard to any applicable amendments to the Pension Plan      effective subsequent to the date the Participant commenced participation      under this Plan. |
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|   | (b) | Effective      for distributions payable on and after August 4, 2006, subject to      paragraph (c) of this Section 6.4, payment to a Participant shall be made      or commence on the Earliest Distribution Date; provided, however, that the      Participant may elect, in accordance with Section 6.2, to defer payment to      a date subsequent to the Earliest Distribution Date. In the case of      distribution in the event of death, if a Participant previously made an      election as to the time benefits commence following death, distribution      shall be made at the time elected. Effective with respect to distributions      payable on and after January 1, 2005 and prior to August 4, 2006, subject      to paragraph (c) of this Section 6.4, payment to a Participant shall be      made or commence as soon as administratively feasible after the      Participant’s death, Disability, separation from service, or      Retirement. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | Notwithstanding      anything contained herein to the contrary, if a Participant is a Specified      Employee and separates from service for a reason other than death or      Disability, such Participant’s distribution may not commence earlier than      six (6) months from the date of his or her separation from      service.  Any payment that would have been made within six (6)      months of the Participant’s separation from service without regard to the      foregoing sentence shall instead be made on the first day of the month      following the date that is six (6) months from the date on which the      Participant separated from service. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.5 | Minimum Distribution.      Notwithstanding any provision to the contrary, if the balance of a      Participant's Account at the time of separation from service is less than      $50,000, then the Participant shall be paid his or her benefits as a      single lump sum thirty (30) days following the Participant’s separation      from service; if      the Participant is a Specified Employee and separates from service for a      reason other than death or Disability, such payment shall be made the      first day following the date that is six months following the      Participant’s separation fromservice. |
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|   | (a) | The      Employer may terminate the Plan upon occurrence of any one of the      following: |
|--------|-----|--------------------------------------------------------------------------------------------|

|   | (i) | Within      twelve (12) months of the Employer’s dissolution taxed under Section 331      of the Code or with the approval of a bankruptcy court pursuant to 11      U.S.C. Section 503(b)(1)(A), provided that the amounts deferred under the      Plan are included in the Participants’ gross income in the latest      of: |
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|   | (1) | The      calendar year in which the Plan termination  occurs; |
|--------|-----|---------------------------------------------------------------|

|   | (2) | The      calendar year in which the amount is no longer subject to a substantial      risk of forfeiture; or |
|--------|-----|--------------------------------------------------------------------------------------------------------------|

|   | (3) | The      first calendar year in which the payment is administratively      practicable. |
|--------|-----|-----------------------------------------------------------------------------------------|

|   | (ii) | Within      the thirty (30) days preceding or the twelve (12) months following a      Change in Control, provided all substantially similar arrangements (within      the meaning of Section 409A of the Code and related guidance issued      thereunder) sponsored by the Employer are also terminated, so that the      Participant and all participants under substantially similar arrangements      are required to receive all amounts of compensation deferred under the      terminated arrangements within twelve (12) months of the date of      termination of the arrangements. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | At      the discretion of the Employer, provided that all of the following      requirements are satisfied: |
|--------|-------|-------------------------------------------------------------------------------------------------------------|

|   | (1) | The termination does      not occur proximate to a downturn in the financial health of the      Employer; |
|--------|-----|-----------------------------------------------------------------------------------------------------------|

|   | (2) | All      arrangements sponsored by the Employer that would be aggregated with any      terminated arrangement under Section 1.409A-1(c) if the same Participant      participated in all of the arrangements are  terminated; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | No      payments other than payments that would be payable under the terms of the      arrangements if the termination had not occurred are made      within |
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|   | twelve      (12) months of the termination of the  arrangements; |
|--------|------------------------------------------------------------------|

|   | (4) | All      payments are made within twenty-four (24) months of the termination of the      arrangements; and |
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|   | (5) | The      Employer does not adopt a new arrangement that would be aggregated with      any terminated arrangement under Section 1.409A-1(c) if the same      Participant participated in both arrangements, at any time within three (3) years      following the date of termination of the  arrangement. |
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|   | (iv) | Such      other events and conditions as the Commissioner of Internal Revenue may      prescribe in generally applicable guidance published in the Internal      Revenue Bulletin. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Following such Plan      termination, payment of credited amounts shall be made in a single sum      payment thirty (30) days following Plan termination or if subparagraph      (a)(iii) of this Section 10.11 is applicable, at the time provided in such      subparagraph (a)(iii). A Participant shall have a right to the      vested portion of his or her Account in the event of the termination of      the Plan. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | Any      funds remaining in the Trust after termination of the Plan and      satisfaction of all liabilities to Participants and others, shall be      returned to the Employer. |
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| Weingarten      Realty Investors                            |
|-------------------------------------------------------------|
|                                                        |
|                                                        |
| By:  /s/ Stephen C.      Richter                  |
|                                                        |
| Its      (Title): Executive VP/Chief Financial      Officer |

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