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Exhibit 10(p)

Oxford Health Plans, Inc. Deferred
Compensation Plan

Effective January 1, 2004





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TABLE OF CONTENTS

|          |     |                                                       |                                                                       |  |    |    |      |  | 
|--------- | --- | ----------------------------------------------------- | --------------------------------------------------------------------- |  | -- | -- | ---- |  | 
|          |     |                                                       |                                                                       |  |    |    | Page
|          |     |                                                       |                                                                       |  |    |    |     
|Purpose   |     |                                                       |                                                                       |  |    |    | 1    | 
|ARTICLE 1 |     | Definitions                                           |                                                                       |  | 1  |   
|ARTICLE 2 |     | Selection/Enrollment/Eligibility                      |                                                                       |  | 7  |   
|          | 2.1 |                                                       | Eligibility                                                           |  |    | 7  |     
|          | 2.2 |                                                       | Enrollment Requirements                                               |  |    | 7  |     
|          | 2.3 |                                                       | Commencement of Participation                                         |  |    | 7  |     
|          | 2.4 |                                                       | Termination of Participation and/or Deferrals                         |  |    | 7  |     
|          | 2.5 |                                                       | Insider Trading Policy                                                |  |    | 8  |     
|ARTICLE 3 |     | Deferral Commitments/Crediting/Taxes                  |                                                                       |  | 8  |   
|          | 3.1 |                                                       | Minimum Deferral                                                      |  |    | 8  |     
|          | 3.2 |                                                       | Maximum Deferral                                                      |  |    | 8  |     
|          | 3.3 |                                                       | Election to Defer/Effect of Election Form                             |  |    | 9  |     
|          | 3.4 |                                                       | Withholding of Annual Deferral Amounts                                |  |    | 10 |     
|          | 3.5 |                                                       | Vesting                                                               |  |    | 11 |     
|          | 3.6 |                                                       | Crediting/Debiting of Account Balances                                |  |    | 11 |     
|          | 3.7 |                                                       | Payroll Reductions and Taxes                                          |  |    | 15 |     
|          | 3.8 |                                                       | Distributions                                                         |  |    | 15 |     
|ARTICLE 4 |     | Short-Term Payout/Unforeseeable Financial Emergencies |                                                                       |  | 16 |   
|          | 4.1 |                                                       | Short-Term Payout                                                     |  |    | 16 |     
|          | 4.2 |                                                       | Other Benefits Take Precedence Over Short-Term Payout                 |  |    | 17 |     
|          | 4.3 |                                                       | Withdrawal
Payout/Suspensions for Unforeseeable Financial Emergencies |  |    | 17 |     
|ARTICLE 5 |     | Termination Benefit                                   |                                                                       |  | 17 |   
|          | 5.1 |                                                       | Termination Benefit                                                   |  |    | 17 |     
|          | 5.2 |                                                       | Payment of Termination Benefit                                        |  |    | 17 |     
|          | 5.3 |                                                       | Death Prior to Completion of Termination Benefit                      |  |    | 18 |     
|ARTICLE 6 |     | Change in Control Benefit                             |                                                                       |  | 18 |   
|          | 6.1 |                                                       | Change in Control Benefit                                             |  |    | 18 |     
|ARTICLE 7 |     | Disability Waiver and Benefit                         |                                                                       |  | 19 |   
|          | 7.1 |                                                       | Disability Waiver                                                     |  |    | 19 |     
|          | 7.2 |                                                       | Continued Eligibility/Disability Benefit                              |  |    | 19 |     

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|           |      |                                    |                                                         |  |    |    |      |  | 
|---------- | ---- | ---------------------------------- | ------------------------------------------------------- |  | -- | -- | ---- |  | 
|           |      |                                    |                                                         |  |    |    | Page
|           |      |                                    |                                                         |  |    |    |     
|ARTICLE 8  |      | Beneficiary Designation            |                                                         |  | 19 |   
|           | 8.1  |                                    | Beneficiary                                             |  |    | 19 |     
|           | 8.2  |                                    | Beneficiary Designation/Change                          |  |    | 20 |     
|           | 8.3  |                                    | Acknowledgment                                          |  |    | 20 |     
|           | 8.4  |                                    | No Beneficiary Designation                              |  |    | 20 |     
|           | 8.5  |                                    | Doubt as to Beneficiary                                 |  |    | 20 |     
|           | 8.6  |                                    | Discharge of Obligations                                |  |    | 20 |     
|ARTICLE 9  |      | Leave of Absence                   |                                                         |  | 21 |   
|           | 9.1  |                                    | Paid Leave of Absence                                   |  |    | 21 |     
|           | 9.2  |                                    | Unpaid Leave of Absence                                 |  |    | 21 |     
|ARTICLE 10 |      | Termination/Amendment/Modification |                                                         |  | 21 |   
|           | 10.1 |                                    | Termination                                             |  |    | 21 |     
|           | 10.2 |                                    | Amendment                                               |  |    | 22 |     
|           | 10.3 |                                    | Plan Agreement                                          |  |    | 22 |     
|           | 10.4 |                                    | Effect of Payment                                       |  |    | 22 |     
|           | 10.5 |                                    | Amendment to Ensure Proper Characterization of the Plan |  |    | 22 |     
|           | 10.6 |                                    | Changes in Law Affecting Taxability                     |  |    | 23 |     
|ARTICLE 11 |      | Administration                     |                                                         |  | 23 |   
|           | 11.1 |                                    | Committee Duties                                        |  |    | 23 |     
|           | 11.2 |                                    | Agents                                                  |  |    | 24 |     
|           | 11.3 |                                    | Binding Effect of Decisions                             |  |    | 24 |     
|           | 11.4 |                                    | Indemnity of Committee                                  |  |    | 24 |     
|           | 11.5 |                                    | Company Information                                     |  |    | 24 |     
|ARTICLE 12 |      | Other Benefits and Agreements      |                                                         |  | 24 |   
|           | 12.1 |                                    | Coordination with Other Benefits                        |  |    | 24 |     
|ARTICLE 13 |      | Claims Procedures                  |                                                         |  | 25 |   
|           | 13.1 |                                    | Scope of Claims Procedures                              |  |    | 25 |     
|           | 13.2 |                                    | Initial Claim                                           |  |    | 25 |     
|           | 13.3 |                                    | Review Procedures                                       |  |    | 27 |     
|           | 13.4 |                                    | Calculation of Time Periods                             |  |    | 29 |     
|           | 13.5 |                                    | Legal Action                                            |  |    | 29 |     
|ARTICLE 14 |      | Miscellaneous                      |                                                         |  | 29 |   

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|           |       |  |                                                       |  |  |    |      |  | 
|---------- | ----- |  | ----------------------------------------------------- |  |  | -- | ---- |  | 
|           |       |  |                                                       |  |  |    | Page
|           |       |  |                                                       |  |  |    |     
|           | 14.1  |  | Status of Plan                                        |  |  | 29 |     
|           | 14.2  |  | Unsecured General Creditor                            |  |  | 29 |     
|           | 14.3  |  | Companys Liability                                   |  |  | 29 |     
|           | 14.4  |  | Nonassignability                                      |  |  | 30 |     
|           | 14.5  |  | Not a Contract of Employment; No Guarantee of Payment |  |  | 30 |     
|           | 14.6  |  | Furnishing Information                                |  |  | 30 |     
|           | 14.7  |  | Terms                                                 |  |  | 30 |     
|           | 14.8  |  | Captions                                              |  |  | 30 |     
|           | 14.9  |  | Governing Law                                         |  |  | 31 |     
|           | 14.10 |  | Notice                                                |  |  | 31 |     
|           | 14.11 |  | Successors                                            |  |  | 31 |     
|           | 14.12 |  | Spouses Interest                                     |  |  | 31 |     
|           | 14.13 |  | Validity                                              |  |  | 31 |     
|           | 14.14 |  | Incompetent                                           |  |  | 31 |     
|           | 14.15 |  | Court Order                                           |  |  | 32 |     
|           | 14.16 |  | Payment in the Event of Taxation                      |  |  | 32 |     
|           | 14.17 |  | Insurance                                             |  |  | 32 |     
|           | 14.18 |  | Government and Other Regulations                      |  |  | 32 |     
|SCHEDULE A |       |  |                                                       |  |  |    | 33   | 

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OXFORD HEALTH PLANS, INC. DEFERRED COMPENSATION PLAN

Effective January 1, 2004

Purpose

The purpose of this Plan is to enable a select group of management or
highly compensated employees and members of the board of directors of Oxford
Health Plans, Inc. (the Company) to defer compensation. This Plan shall be
unfunded for tax purposes and for purposes of Title I of ERISA.

ARTICLE 1
Definitions

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

|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1.1 |  | Account Balance shall mean, with respect to a Participant, a
credit on the records of the Company equal to (i) the sum of
all of a Participants Annual Deferral Amounts, plus (ii)
amounts credited or debited in accordance with all the
applicable crediting provisions of this Plan that relate to
the Participants Account Balance, less (iii) all
distributions made to the Participant or his or her
Beneficiary pursuant to this Plan that relate to his or her
Account Balance. The Account Balance, and each other specified
account balance, shall be a bookkeeping entry only and shall
be utilized solely as a device for the measurement and
determination of the amounts to be paid to a Participant, or
his or her designated Beneficiary, pursuant to this Plan.                                                                                                                                                                                                            
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|1.2 |  | Annual Base Salary shall mean the annual cash compensation
relating to services performed during any calendar year,
whether or not paid in such calendar year or included on the
Federal Income Tax Form W-2 for such calendar year, excluding
Incentive Payments, overtime, fringe benefits, stock options,
restricted stock awards, relocation expenses, non-monetary
awards and other fees, automobile and other allowances paid to
a Participant for employment services rendered (whether or not
such allowances are included in the Employees gross income).
Annual Base Salary shall be calculated without regard to any
reductions for compensation voluntarily deferred or
contributed by the Participant pursuant to any qualified or
non-qualified plans of the Company (and therefore shall be
calculated to include amounts not otherwise included in the
Participants gross income under Code Sections 125, 402(e)(3)
or 402(h) pursuant to plans established by the Company).
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|1.3 |  | Annual Deferral Amount shall mean that portion of a
Participants Annual Base Salary and/or Incentive Payments, or
Directors Fees that a Participant elects to have, and is,
deferred and credited to the Participants Account Balance in
accordance with Article 3, for                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

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|     |  |                                                                                                                                                                                                                                                                                                                                                                                                       
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |  | the Plan Year of reference. In the event of a Participants
Termination of Employment prior to the end of a Plan Year,
such years Annual Deferral Amount shall be the actual amount
withheld prior to such event.                                                                                                                                                                                    
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                       
|1.4  |  | Beneficiary shall mean one or more persons, trusts, estates
or other entities, designated in accordance with Article 8,
that are entitled to receive benefits under this Plan upon the
death of a Participant.                                                                                                                                                                                      
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                       
|1.5  |  | Beneficiary Designation Form shall mean the form established
from time to time by the Committee that a Participant
completes, signs and returns to the Committee to designate one
or more Beneficiaries.                                                                                                                                                                                            
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                       
|1.6  |  | Board shall mean the board of directors of the Company or
its Compensation Committee.                                                                                                                                                                                                                                                                                                               
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                       
|1.7  |  | Bonus Deferrals shall mean that portion of the compensation
paid to a Participant as an annual, sales or other bonus that
the Participant elects to have, and is, deferred in accordance
with Article 3, for the Plan Year of reference, provided,
however, deferrals of bonuses other than annual, sales or LTIP
Payouts shall require Committee consent.                                          
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                       
|1.8  |  | Change in Control shall have the meaning set forth in the
Companys 2002 Equity Incentive Compensation Plan, as amended
from time to time (or its successor).                                                                                                                                                                                                                                       
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                       
|1.9  |  | Claimant shall have the meaning set forth in Section 13.2.                                                                                                                                                                                                                                                                                                                                          
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                       
|1.10 |  | Code shall mean the Internal Revenue Code of 1986, as
amended from time to time.                                                                                                                                                                                                                                                                                                                    
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                       
|1.11 |  | Committee or Plan Committee shall mean the Companys
Retirement Committee; provided that, with respect to any
determination made under the Plan pertaining to an officer,
director or ten percent beneficial owner of the Company,
within the meaning of Section 16 of the Securities Exchange
Act of 1934, Committee or Plan Committee shall mean the
Companys Compensation Committee.
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                       
|1.12 |  | Common Stock shall mean the common stock of the Company,
$0.01 par value or, in the event that the outstanding shares
of common stock are later changed into or exchanged for a
different class of stock or securities of the Company or
another corporation, that other stock or security.                                                                                                         
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                       
|1.13 |  | Company shall mean Oxford Health Plans, Inc., and any
successor to all or substantially all of the Companys assets
or business.                                                                                                                                                                                                                                                                    

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|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|---- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1.14 |  | Deduction Limitation shall mean the following described
limitation on a benefit that may otherwise be payable pursuant
to the provisions of this Plan. Except as otherwise provided,
this limitation shall be applied to all payments that are
subject to the Deduction Limitation under this Plan. If the
Committee determines in good faith that there is a reasonable
likelihood that any compensation paid to a Participant for a
taxable year of the Company would not be deductible by the
Company solely by reason of the limitation under Code Section
162(m), then to the extent deemed necessary by the Committee
to ensure that the entire amount of any payment to the
Participant pursuant to this Plan is deductible, the Committee
may cause the Company to defer all or any portion of a payment
under this Plan. Any amounts deferred pursuant to this
limitation shall continue to be credited or debited with
additional amounts in accordance with Section 3.6 below, even
if such amount is being paid out in installments. The amounts
so deferred and amounts credited or debited thereon shall be
paid to the Participant or his or her Beneficiary (in the
event of the Participants death) at the earliest possible
date, as determined by the Committee in good faith, on which
the deductibility of compensation paid or payable to the
Participant for the taxable year of the Company during which
the payment is made will not be limited by Code Section
162(m).
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|1.15 |  | Director shall mean a non-Employee member of the Companys
Board.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|1.16 |  | Directors Fees shall mean any cash retainer and meeting fee
paid to a Director for each regular or special meeting and for
any committee meetings attended in person, by teleconference
or other similar means.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|1.17 |  | Disability shall mean a period of disability during which a
Participant qualifies for permanent disability benefits under
the Companys long-term disability plan, or, if a Participant
does not participate in such a plan, a period of disability
during which the Participant would have qualified for
permanent disability benefits under such a plan had the
Participant been a participant of said plan, as determined in
the sole discretion of the Committee. If the Company does not
sponsor such a plan, or discontinues to sponsor such a plan,
Disability shall be determined by the Committee in its sole
discretion.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|1.18 |  | Effective Date shall mean the effective date of the Plan,
which is January 1, 2004.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|1.19 |  | Election Form shall mean the form or forms established from
time to time by the Committee that a Participant completes,
signs and returns to the Committee to make an election under
the Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|1.20 |  | Employee shall mean an individual who is an employee of the
Company or subsidiary of the Company and whose position is
designated as Vice President or above (excluding regional vice
presidents and similar positions).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

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|---- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1.21 |  | ERISA shall mean the Employee Retirement Income Security Act
of 1974, as amended from time to time.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|1.22 |  | Guideline LTIP Deferral shall mean that portion of a
Participants LTIP Payout that the Participant elects to have,
and is, deferred for the Plan Year of reference in accordance
with Article 3, and in accordance with the provisions of the
Companys stock ownership guidelines, as in effect from time
to time, that address the election by certain senior officers
to defer a percentage of his or her after-tax LTIP Payout
(i.e., fifteen percent (15%), twenty five percent (25%) or
fifty percent (50%), depending on the office that the
executive holds) towards meeting his or her expected Company
stock ownership level. (Solely with respect to an LTIP Payout
relating to the 2003-2004 performance period under the LTIP,
the portion of such LTIP Payout that the Participant may elect
to defer as a Guideline LTIP Deferral shall be his or her
applicable percentage (i.e., fifteen percent (15%), twenty
five percent (25%) or fifty percent (50%)) of the after-tax
amount of the excess of the Participants long-term incentive
award determined under the two (2) year performance period
under the LTIP (i.e., 2003-2004) over the Participants
long-term incentive award determined under the three (3) year
performance period ending in 2004.
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|1.23 |  | Incentive Payment shall mean any compensation paid to a
Participant as commissions, annual, sales or other bonus, LTIP
Payout or RSU Payout relating to services performed during any
calendar year, whether or not paid in such calendar year or
included on the Federal Income Tax Form W-2 for such calendar
year. These Incentive Payment items, collectively, are
referred to herein as the Incentive Payments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|1.24 |  | Insider Trading Policy shall mean the Companys Policy
Statement on Non-Public Information and Policy Statement on
Covered Manager Transactions in Oxford Securities as in effect
from time to time.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|1.25 |  | LTIP shall mean the Companys Amended and Restated 2001
Management Incentive Compensation Plan for Covered Employees
(as defined in Code Section 162(m)) and its Amended and
Restated 2001 Management Incentive Compensation Plan for
non-Covered Employees.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|1.26 |  | LTIP Payout shall mean any long-term incentive award paid to
a Participant under the LTIP relating to services performed
during any performance period, whether paid or not paid during
such performance period or included on the Federal Income Tax
Form W-2 during such performance period.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|1.27 |  | Participant shall mean any Employee and any Director (i) who
is selected by the Committee to participate in the Plan, (ii)
who elects to participate in the Plan, (iii) who signs a Plan
Agreement, an Election Form(s) and a Beneficiary Designation
Form, (iv) whose signed Plan Agreement, Election Form(s) and
Beneficiary Designation Form are accepted by the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

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|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|---- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |  | Committee, (v) who commences participation in the Plan, and
(vi) whose Plan Agreement has not terminated. Except as
expressly provided herein, a spouse or former spouse of a
Participant shall not be treated as a Participant in the Plan
or have an Account Balance under the Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|1.28 |  | Plan shall mean this Deferred Compensation Plan, as
evidenced by this instrument and by each Plan Agreement, as
they may be amended from time to time.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|1.29 |  | Plan Agreement shall mean a written agreement, as may be
amended from time to time, executed by a Participant and the
Company that shall provide for the entire benefit to which
such Participant is entitled under the Plan; should there be
more than one Plan Agreement, the Plan Agreement bearing the
latest date of acceptance by the Company shall supersede all
previous Plan Agreements in their entirety and shall govern
such entitlement. The terms of any Plan Agreement may be
different for any Participant, and any Plan Agreement may
provide additional benefits not set forth in the Plan or limit
the benefits otherwise provided under the Plan; provided,
however, that any such additional benefits or benefit
limitations must be agreed to by both the Company and the
Participant.
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|1.30 |  | Plan Year shall mean a period beginning on January 1 of each
calendar year and continuing through December 31 of such
calendar year during which this Plan is in effect.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|1.31 |  | RSU Payout shall mean the vesting of any restricted stock
units or other similar equity-based awards awarded to a
Participant under the Companys 2002 Equity Incentive
Compensation Plan (including any successor plan or other plan
pursuant to which the Company can award restricted stock units
or other similar equity-based awards) relating to services
performed during any calendar year, whether paid or not paid
in such calendar year or included on the Federal Income Tax
Form W-2 for such calendar year.                                                                                                                                                                                                                                                                                   
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|1.32 |  | RSU Deferral shall mean that portion of a Participants RSU
Payout that the Participant elects to have deferred for the
Plan Year of reference, in accordance with Article 3, and that
the Committee, in its discretion, approves for deferral.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|1.33 |  | Short-Term Payout shall mean the payout set forth in Section
4.1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|1.34 |  | Stock Unit shall mean an artificial unit of value
representing the value of one share of Common Stock. Stock
Units shall not have voting rights.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|1.35 |  | Stock Unit Fund shall mean a Measurement Fund (as described
in Section 3.6(d)) maintained on the books of the Company
reflecting credits to Participants Account Balances in Stock
Units.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|1.36 |  | Stock Unit Sub-Account shall mean the portion (if any) of a
Participants Account Balance allocated to the Stock Unit
Fund.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

5



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##### 



|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|---- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1.37 |  | Termination Benefit shall mean the benefit set forth in
Article 5.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|1.38 |  | Termination of Employment shall mean (a) the severing of
employment with the Company, or (b) severance as a Director,
voluntarily or involuntarily, for any reason. A mere transfer
of status from employment to service as a Director or from
service as a Director to employment shall not be a Termination
of Employment.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|1.39 |  | Unforseeable Financial Emergency shall mean an unanticipated
emergency that is caused by an event beyond the control of the
Participant that would result in severe financial hardship to
the Participant resulting from (i) a sudden and unexpected
illness or accident of the Participant or a dependent of the
Participant, (ii) a loss of the Participants property due to
casualty, or (iii) such other extraordinary and unforeseeable
circumstances arising as a result of events beyond the control
of the Participant, all as determined in the sole discretion
of the Committee.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|1.40 |  | Yearly Installment Method shall be a yearly installment
payment over five (5) years or ten (10) years, calculated as
follows: The Account Balance of the Participant shall be
calculated as of the close of business on the date of
reference (or, if the date of reference is not a business day,
on the immediately following business day). The date of
reference with respect to the first yearly installment
payment, and the date of payment of that initial installment,
shall be as provided in Section 5.2, and the date of reference
with respect to each subsequent yearly installment payment
shall be the anniversary of the initial installment payment.
The yearly installment shall be calculated by multiplying the
Account Balance, so calculated, by a fraction, the numerator
of which is one (1), and the denominator of which is the
remaining number of yearly payments due the Participant. By
way of example, if the Participant elects payment pursuant to
the five (5) Yearly Installment Method, the first payment
shall be one-fifth (1/5) of the Account Balance, calculated as
described in this definition. The following year, the payment
shall be one quarter (1/4) of the Account Balance, calculated
as described in this definition.

6



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##### 



ARTICLE 2
Selection/Enrollment/Eligibility

|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|2.1 |  | Eligibility. Participation in the Plan shall be limited to Employees and
to Directors who the Committee designates, in its sole discretion, for
participation, provided that any Employees so designated must meet the
requirement of ERISA that they be members of a select group of management
or highly compensated employees of the Company (which determination shall
be made by the Committee, in its sole discretion).                                                                                                                                                                                                                                                                                                                                                                                       
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|2.2 |  | Enrollment Requirements. As a condition to participation, each selected
Employee and each Director shall complete, execute and return to the
Committee a Plan Agreement, an Election Form(s) and a Beneficiary
Designation Form, all within thirty (30) days (or such earlier date as
determined by the Committee) after he or she is notified of his or her
eligibility to participate in the Plan. In addition, the Committee shall
establish from time to time such other enrollment requirements as it
determines in its sole discretion are necessary, including, but not
limited to, establishing different requirements with respect to the timing
of Bonus Deferrals.                                                                                                                                       
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|2.3 |  | Commencement of Participation. Provided a selected Employee or a
Director has met all enrollment requirements set forth in this Plan and
required by the Committee, including returning all required documents to
the Committee within the specified time period, that Employee or Director
shall commence participation in the Plan on the first day of the month
following the month in which the Employee or Director completes all
enrollment requirements. If an Employee or Director fails to meet all
such requirements within the period required, in accordance with Section
2.2, that Employee or Director shall not be eligible to participate in the
Plan until the first day of the following Plan Year, again subject to
timely delivery to and acceptance by the Committee of the required
documents.
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|2.4 |  | Termination of Participation and/or Deferrals. If the Committee
determines in good faith that an Employee no longer qualifies as a member
of a select group of management or highly compensated employees, as
membership in such group is determined in accordance with Sections 201(2),
301(a)(3) and 401(a)(1) of ERISA, the Committee shall have the right, in
its sole discretion, to (i) terminate any deferral election the
Participant has made for the remainder of the Plan Year in which the
Participants membership status changes, (ii) prevent the Participant from
making future deferral elections and/or (iii) immediately distribute the
Participants Account Balance as a Termination Benefit and terminate the
Participants participation in the Plan.                                        

7



---



##### 



|    |  |                                                                                                                                                                                                                                                                                                                                                                                                  
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|2.5 |  | Insider Trading Policy. Notwithstanding any other provision herein to
the contrary, all discretionary transactions involving the Stock Unit
Fund, including, but not limited to decisions regarding investment,
changes in payout method, re-deferrals of Short-Term Payouts and
revocations of deferral elections, are all subject to and must comply with
the Companys Insider Trading Policy.

ARTICLE 3
Deferral Commitments/Crediting/Taxes

|    |  |                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|--- |  | ----------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|3.1 |  | Minimum Deferral.
|    |  |                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    |  | (a)               |  | Annual Base Salary, Incentive Payments and Directors Fees.
Subject to Section 3.7, for each Plan Year, a Participant may elect
to defer, as his or her Annual Deferral Amount, Annual Base Salary
and/or Incentive Payments (as and to the extent each type of
Incentive Payment applies to the Participant), or Directors Fees, in
minimum increments of one percent (1%) for each item of deferral and
in the minimum amount of two thousand dollars ($2,000) in the
aggregate.                                                                                                                                                                                                      
|    |  |                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    |  | (b)               |  | Short Plan Year. Notwithstanding the foregoing, if a
Participant first becomes a Participant after the first day of a
Plan Year, the minimum deferral shall be an amount equal to the
minimum set forth above, multiplied by a fraction, the numerator of
which is the number of complete months remaining in the Plan Year
and the denominator of which is twelve (12).                                                                                                                                                                                                                                                                                                               
|    |  |                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    |  | (c)               |  | Provisos. Notwithstanding the foregoing, (i) the Committee
may, in its sole discretion, establish for any Plan Year a different
minimum amount (including establishing different minimum amounts for
Annual Base Salary and Incentive Payments and Directors Fees), and
(ii) any Guideline LTIP Deferral may not be for more than the
applicable percentage of the after-tax LTIP Payout to which it
pertains (i.e., fifteen percent (15%), twenty five percent (25%) or
fifty percent (50%), depending on the office that the Participant
holds). If an election is made for less than the stated minimum
amount(s), or if no election is made, the amount deferred shall be
zero (0).
|    |  |                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|3.2 |  | Maximum Deferral.
|    |  |                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    |  | (a)               |  | Annual Base Salary, Incentive Payments and Directors Fees.
Subject to Section 3.7, for each Plan Year, a Participant may elect
to defer, as his or her Annual Deferral Amount, Annual Base Salary
and/or Incentive Payments (as and to the extent each type of
Incentive Payment applies to the Participant) or Directors Fees, up
to the following maximum percentages for each deferral elected:                                                                                                                                                                                                                                                                                     

8



---



##### 





|                       |  |                    |     |  
|---------------------- |  | ------------------ | --- | -
|Deferral Type          |  | Maximum Percentage
|                       |  |                   
|Annual Base Salary     |  |                    | 50  | %
|Each Incentive Payment |  |                    | 100 | %
|Directors Fees         |  |                    | 100 | %

|    |  |                                            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  |                                                                                                                                                                                                                                                               
|--- |  | ------------------------------------------ |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |  | (b)                                        |  | Committees Discretion. Notwithstanding the foregoing, (i)
the Committee may, in its sole discretion, establish for any Plan
Year maximum percentages which differ from those set forth above,
and (ii) if a Participant first becomes a Participant after the
first day of a Plan Year, the maximum Annual Deferral Amount with
respect to Annual Base Salary and/or Incentive Payments, or
Directors Fees, shall be limited to the percentage of such item of
compensation not yet earned by, or, in the case of Incentive
Payments, not yet payable to the Participant as of the date the
Participant submits a Plan Agreement and Election Form(s) to the
Committee for acceptance.
|    |  |                                            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  |                                                                                                                                                                                                                                                               
|3.3 |  | Election to Defer/Effect of Election Form.
|    |  |                                            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  |                                                                                                                                                                                                                                                               
|    |  | (a)                                        |  | First Plan Year. In connection with a Participants
commencement of participation in the Plan, the Participant shall
make a deferral election for the Plan Year in which the Participant
commences participation in the Plan, along with such other elections
as the Committee deems necessary or desirable under the Plan. For
these elections to be valid, the Election Form(s) must be completed
and signed by the Participant, timely delivered to the Committee (in
accordance with Section 2.2 above) and accepted by the Committee.                                                                                                                                             
|    |  |                                            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  |                                                                                                                                                                                                                                                               
|    |  | (b)                                        |  | Subsequent Plan Years. For each succeeding Plan Year, a
deferral election for that Plan Year, and such other elections as
the Committee deems necessary or desirable under the Plan, shall be
made by timely delivering to the Committee, in accordance with its
rules and procedures, a new Election Form(s) as follows:                                                                                                                                                                                                                                                                                                                                                              
|    |  |                                            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  |                                                                                                                                                                                                                                                               
|    |  |                                            |  | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  | for the deferral of Annual Base Salary or
commissions, on or before the last day of the Plan Year
preceding the Plan Year in which the Annual Base Salary or
commissions otherwise would be paid (or such earlier date as
may be prescribed by the Committee);
|    |  |                                            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  |                                                                                                                                                                                                                                                               
|    |  |                                            |  | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  | for Bonus Deferrals, on or before the last day of
the Plan Year preceding the Plan Year in which the annual
bonus or sales bonus otherwise would be earned (or such
earlier date as may be prescribed by the Committee);                                      
|    |  |                                            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  |                                                                                                                                                                                                                                                               
|    |  |                                            |  | (iii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  | for Directors Fees, on or before the last day of
the Plan Year preceding the Plan Year in which the Directors
Fees otherwise would be paid (or such other date as may be
prescribed by the Committee);                                                        

9



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##### 



|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                                                                                                                                                                                                                                                         
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  | (iv)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  | for the deferral of an LTIP Payout, on or before
the last day of the first Plan Year of the two (2) year
performance period to which the LTIP Payout relates under the
LTIP (or such earlier date as may be prescribed by the
Committee); and           
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                                                                                                                                                                                                                                                         
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  | (v)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  | for RSU Deferrals, at least twelve (12) months
(or such earlier date as may be prescribed by the Committee)
prior to the date the restricted stock units or other similar
equity-based awards to which the RSU Payout relates become
vested and payable.
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                                                                                                                                                                                                                                                         
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  | If no such Election Form(s) is timely delivered for a Plan
Year, the Annual Deferral Amount shall be zero (0) for that Plan
Year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                                                                                                                                                                                                                                                         
|    |  | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | RSU Deferrals. Notwithstanding the preceding, any election
to defer an RSU Payout is subject to any requirements and
prerequisites as the Committee may establish.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                                                                                                                                                                                                                                                         
|    |  | (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | Change in Election. A Participant may not elect to change
his or her deferral election that is in effect for a Plan Year;
provided, however, that a Participant may revoke completely a
deferral election for Annual Base Salary and/or for any Incentive
Payment, or for any Directors Fees, not yet payable at the time of
the Participants revocation election. Such revocation will itself
be irrevocable (i) for the remainder of the Plan Year, in the case
of Annual Base Salary and/or commission deferrals, or Directors
Fees, and (ii) entirely, with respect to the particular Incentive
Payment deferral to which the revoked election relates. Any such
revocations shall be subject to and shall require the consent of the
Committee. Revocations will become effective no sooner than thirty
(30) days following receipt of the Committees consent.
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                                                                                                                                                                                                                                                         
|3.4 |  | Withholding of Annual Deferral Amounts. For each Plan Year, the Annual
Base Salary portion of the Annual Deferral Amount shall be withheld from
each regularly scheduled Annual Base Salary payroll in the amounts elected
by the Participant, as adjusted from time to time for increases and
decreases in Annual Base Salary. The Incentive Payments portion of the
Annual Deferral Amount, if any, shall be withheld at the time the
Incentive Payment is or otherwise would be paid to the Participant,
whether or not this occurs during the Plan Year itself. The Directors
Fees portion of the Annual Deferral Amount, if any, shall be withheld at
the time the Directors Fees are or otherwise would be paid to the
Participant, whether or not this occurs during the Plan Year itself.
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                                                                                                                                                                                                                                                         
|3.5 |  | Vesting. A Participant shall at all times be one hundred percent (100%)
vested in his or her Account Balance.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                                                                                                                                                                                                                                                         
|3.6 |  | Crediting/Debiting of Account Balances. In accordance with, and subject
to, the rules and procedures that are established from time to time by the
Committee, in its sole                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

10



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##### 



| |  |                                                                                                                             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| |  | --------------------------------------------------------------------------------------------------------------------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | discretion, amounts shall be credited or debited to a Participants
Account Balance in accordance with the following rules:
| |  |                                                                                                                             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| |  | (a)                                                                                                                         |  | Sub-Accounts. Two separate sub-accounts shall be established
and maintained with respect to each Participants Account Balance
(together, the Sub-Accounts), as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| |  |                                                                                                                             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| |  |                                                                                                                             |  | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |  | The first Sub-Account shall be attributable to
the portion of the Participants Account Balance representing
new deferrals creditedto the Plan (and earnings or losses
thereon) for which a separate election of Measurement Funds
(as defined in subsection (d), below) may be made as provided
in subsection (b), below (i.e., separate from the election
made with respect to the Participants existing Account
Balance, as described immediately below).
| |  |                                                                                                                             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| |  |                                                                                                                             |  | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  | The second Sub-Account is attributable to the
Participants existing Account Balance (i.e., past years
credited deferralsand earnings or losses thereon) with
respect to which an election of Measurement Funds previously
has been made by the Participant as provided in subsection
(b), below.                                                                                                                                                           
| |  |                                                                                                                             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| |  | (b)                                                                                                                         |  | Election of Measurement Funds. Subject to Section 3.6(f)
below, a Participant, in connection with his or her initial deferral
election in accordance with Section 3.3(a) above, shall elect, on
the Election Form(s), one or more Measurement Fund(s) (as described
in Section 3.6(d) below) to be used to determine the additional
amounts to be credited or debited to each of his or her Sub-Accounts
for the first business day of the Plan Year, continuing thereafter
unless changed in accordance with the next sentence. Commencing
with the first business day of the Plan Year, and continuing
thereafter for the remainder of the Plan Year (unless the
Participant ceases during the Plan Year to participate in the Plan),
the Participant may (but is not required to) elect daily, by
submitting an Election Form(s) to the Committee that is accepted by
the Committee (which submission may take the form of an electronic
transmission, if required or permitted by the Committee), to add or
delete one or more Measurement Fund(s) to be used to determine the
additional amounts to be credited or debited to each of his or her
Sub-Accounts, or to change the portion of each of his or her
Sub-Accounts allocated to each previously or newly elected
Measurement Fund(s). If an election is made in accordance with the
previous sentence, it shall apply to the next business day and
continue thereafter for the remainder of the Plan Year (unless the
Participant ceases during the Plan Year to participate in the Plan),
unless changed in accordance with the previous sentence.
| |  |                                                                                                                             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| |  |                                                                                                                             |  | The foregoing notwithstanding, (i) a Participants RSU Deferral (if
any) automatically will be allocated to the Stock Unit Fund; (ii)
except with respect to a Participants RSU Deferral (if any), an
investment election by a Participant into the Stock Unit Fund will                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

11



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##### 



| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  | 
| |  | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | 
| |  |     |  | actually be allocated to the Stock Unit Fund solely on a quarterly
basis, on the thirtieth (30th) calendar day after release by the
Company of its earnings report for the fiscal quarter in which such
investment election was made in accordance with the Companys
Insider Trading Policy, or on such other date as the Committee
shall determine (with the amount so allocated being the elected
portion of the Participants Account Balance, plus or minus
earnings or losses on that portion through the allocation date
calculated by reference to the earlier-elected Measurement Fund for
that portion (or, if there was no earlier election made, by
reference to the money market, fixed income or similar Measurement
Fund(s) offered under the Plan as determined by the Committee in
its discretion)); and (iii) an election out of the Stock Unit Fund
and into an alternative Measurement Fund will not be permitted.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  | 
| |  | (c) |  | Proportionate Allocation. In making any election described
in and permitted by Section 3.6(b) above, the Participant shall
specify on the Election Form(s), in whole percentage points, the
percentage of each of his or her Sub-Account(s) to be allocated to a
Measurement Fund (as if the Participant was making an investment in
that Measurement Fund with that portion of his or her Account
Balance).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  | 
| |  | (d) |  | Measurement Funds. Subject to Sections 3.6(b) and 3.6(f),
the Participant may elect one or more of the Measurement Funds set
forth on Schedule A (the Measurement Funds), for the purpose of
crediting or debiting additional amounts to his or her Account
Balance. The Committee may, in its sole discretion, discontinue,
substitute or add a Measurement Fund(s). Each such action will take
effect as of the first business day that follows by thirty (30) days
the day on which the Committee gives Participants advance written
notice of such change. If the Committee receives an initial or
revised Measurement Fund(s) election which it deems to be
incomplete, unclear or improper, the Participants Measurement
Fund(s) election then in effect shall remain in effect (or, in the
case of a deficiency in an initial Measurement Fund(s) election, the
Participant shall be deemed to have filed no deemed investment
direction). If the Committee possesses (or is deemed to possess as
provided in the previous sentence) at any time directions as to
Measurement Fund(s) of less than all of the Participants Account
Balance, the Participant shall be deemed to have directed that the
undesignated portion of the Account Balance be deemed to be invested
in a money market, fixed income or similar Measurement Fund made
available under the Plan as determined by the Committee in its
discretion. Each Participant hereunder, as a condition to his or
her participation hereunder, agrees to hold harmless the Committee
and the Company, and their agents and representatives, from any
losses or damages of any kind relating to (i) the Measurement Funds
made available hereunder and (ii) any discrepancy between the
credits and debits to the Participants Account Balance based on the
performance of

12



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| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  | 
| |  | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | 
| |  |     |  | the Measurement Funds and what the credits and debits otherwise
might be in the case of an actual investment in the Measurement
Funds.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  | 
| |  | (e) |  | Crediting or Debiting Method. The performance of each
elected Measurement Fund (either positive or negative) will be
determined by the Committee, in its sole discretion, based on the
performance of the Measurement Funds themselves. Subject to Section
3.6(b) regarding the date amounts are allocated to the Stock Unit
Fund, a Participants Account Balance shall be credited or debited
on a daily basis with respect to the Stock Unit Fund and on a
quarterly basis with respect to the Fixed Income Fund based on the
performance of each Measurement Fund selected by the Participant, or
as otherwise determined by the Committee in its sole discretion, as
though (i) a Participants Account Balance were invested in the
Measurement Fund(s) selected by the Participant, in the percentages
elected by the Participant as of such date, at the closing price on
such date; (ii) the portion of the Annual Deferral Amount that was
actually deferred was invested in the Measurement Fund(s) selected
by the Participant, in the percentages elected by the Participant,
no later than the close of business on the third (3rd) business day
after the day on which such amounts are actually deferred from the
Participants Annual Base Salary and/or Incentive Payments, or
Directors Fees, through reductions in his or her pay, at the closing
price on such date; and (iii) any distribution made to a Participant
that decreases such Participants Account Balance ceased being
invested in the Measurement Fund(s), in the percentages applicable
to such calendar day, no earlier than three (3) business days prior
to the distribution, at the closing price on such date. The
preceding notwithstanding (i) amounts allocated to the Stock Unit
Fund will be credited or debited in accordance with Section 3.6(f)
below, and (ii) amounts allocated to the fixed income Measurement
Fund offered under the Plan as of the Effective Date will be
credited or debited in accordance with Schedule A.
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  | 
| |  | (f) |  | Stock Unit Fund. Notwithstanding anything herein to the
contrary, each Participants RSU Deferrals, upon being credited to
the Participants Account Balance, shall automatically be allocated
to the Stock Unit Fund, and shall remain allocated to the Stock Unit
Fund. Those amounts, as well as any other portions of a
Participants Account Balance that are directed at the election of
the Participant into the Stock Unit Fund in accordance with Section
3.6(b), may not later be redirected by the Participant out of the
Stock Unit Fund and into any of the other Measurement Funds.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  | 
| |  |     |  | The portion of a Participants Account Balance allocated to the
Stock Unit Fund shall be credited as follows: on any date on which
any Annual Deferral Amounts are allocated to the Stock Unit Fund in
accordance with Section 3.6(b) (an Allocation Date), the
Participants Stock Unit Sub-Account shall be credited with a
number of                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

13



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| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | 
| |  | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | 
| |  |     |  | Stock Units equal to (i) the amount allocated to the Stock Unit
Sub-Account divided by (ii) the Price per Share (as defined
below) on the Allocation Date. Fractional Stock Units shall be
rounded to the nearest one tenth (1/10th) of a Stock Unit. On any
given day, the value of the Stock Unit Sub-Account shall equal the
number of Stock Units then credited to the Stock Unit Sub-Account
multiplied by the Price per Share on such date. Stock Units do not
constitute shares of Common Stock, interests in Common Stock or any
other security of the Company. They merely reflect an unfunded
promise to pay deferred compensation in the future. For purposes
of this Section 3.6, the Price per Share shall equal the closing
sale price per share at which shares of the Common Stock are sold
on the New York Stock Exchange on such date or, if no Common Stock
was traded on such date, the closing sale price at which the Common
Stock is sold on the next preceding date the Common Stock was so
traded.                              
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | 
| |  |     |  | Dividends paid on the Companys Common Stock shall be credited to
the Participants Account Balance on every date the Company issues
a dividend with respect to its Common Stock, in an amount equal to
(i) the product of (A) the dividend per share of Common Stock times
(B) the number of Stock Units in the Participants Stock Unit
Sub-Account immediately before the dividend record date, divided by
(ii) the price per share on the dividend record date. Such
credited amount shall be allocated to the money market, fixed
income or similar Measurement Fund then available under the Plan as
determined by the Committee in its discretion. In the event of any
recapitalization, stock split, stock dividend, exchange of shares,
merger, reorganization, change in corporate structure or change in
shares of the Company or similar event, the Board, upon
recommendation of the Committee, may make appropriate adjustments
to the number of Stock Units credited to each Participants Stock
Unit Sub-Account.                            
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | 
| |  | (g) |  | No Actual Investment. Notwithstanding any other provision of
this Plan that may be interpreted to the contrary, the Measurement
Fund(s) are to be used for measurement purposes only, and a
Participants election of any such Measurement Fund, the allocation
of his or her Account Balance thereto, the calculation of additional
amounts and the crediting or debiting of such amounts to a
Participants Account Balance shall not be considered or construed
in any manner as an actual investment of his or her Account Balance
in any such Measurement Fund. In the event that the Company, in its
own discretion, decides to invest funds in any or all of the
Measurement Funds, no Participant shall have any rights in or to
such investments themselves. Without limiting the foregoing, a
Participants Account Balance shall at all times be a bookkeeping
entry only and shall not represent any investment made on his or her
behalf by the Company; the Participant shall at all times remain an
unsecured general creditor of the Company.

14



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##### 



|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  |                                                                                                                                                        |  | 
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------ |  | 
|    |  | (h)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  | Beneficiary Elections. Each reference in this Section 3.6 to
a Participant shall be deemed to include, where applicable, a
reference to a Beneficiary.
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  |                                                                                                                                                        |  | 
|3.7 |  | Payroll Reductions and Taxes. For each Plan Year in which an Annual
Deferral Amount is being withheld from a Participant, the Company shall
withhold from that portion of the Participants Annual Base Salary or
other compensation that is not being deferred, in a manner determined by
the Company, the Participants share of FICA and other employment taxes on
such Annual Deferral Amount. For each Plan Year in which an Annual
Deferral Amount is being withheld from a Participant, the Company shall
withhold from the Participants actual Incentive Payments deferral amount
the Participants share of FICA and other employment taxes. If necessary,
the Committee may reduce the Annual Deferral Amount in order to comply
with applicable tax withholding requirements. In addition, the Committee
may reduce the Annual Deferral Amount to the extent necessary to make any
other payroll reductions elected by the Participant or required under any
other benefit plan of the Company (e.g., reductions for insurance premiums
or 401(k) plan contributions).
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  |                                                                                                                                                        |  | 
|3.8 |  | Distributions. Payments from the Plan shall be made in the form of cash;
provided, that, any portion or a Participants Account Balance that is
allocated to the Stock Unit Fund as of the date payment is to be made
shall be paid solely in the form of shares of Common Stock. Each payment
shall be charged on a pro rata basis against the Measurement Funds in
which the Participants Account Balance is deemed to be invested as of the
date of such payment. The Company shall withhold from any payments made
to a Participant under this Plan all Federal, state and local income,
employment and other taxes required to be withheld by the Company in
connection with such payments, in amounts and in a manner to be determined
in the sole discretion of the Company. If necessary, the Company shall
withhold from the Participants cash compensation the Participants
share of applicable payroll taxes, such as on a distribution under the
Plan of shares of Common Stock.                                                                                   

ARTICLE 4
Short-Term Payout/Unforeseeable Financial Emergencies

|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|4.1 |  | Short-Term Payout. In connection with each Plan Years Annual Deferral
Amount (i.e., the deferrals actually credited to the Participants Account
Balance during that Plan Year), a Participant may irrevocably elect to
receive a future Short-Term Payout from the Plan. Subject to the
Deduction Limitation and to Sections 3.6(f) and 3.8 above, the Short-Term
Payout shall be, as elected by the Participant, a lump sum payment in an
amount that is equal to the Annual Deferral Amount or annual installments
pursuant to the Yearly Installment Method elected by the Participant, and
amounts credited or debited thereto in the manner provided in Section 3.6
above, determined at the time that the Short-Term Payout becomes payable
(rather than the date of a Termination of Employment). If the amount
being paid out in the form of a Short-Term Payout is less than one hundred
fifty thousand

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|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |  | dollars ($150,000), payment of his or her Short-Term Payout shall be in a
lump sum. Subject to the Deduction Limitation and the other terms and
conditions of this Plan, each Short-Term Payout elected shall be paid out
during a period beginning one (1) day and ending ninety (90) days after
the last day of any Plan Year designated by the Participant that is at
least two (2) or more Plan Years (as determined from time to time by the
Committee) after the Plan Year in which the Annual Deferral Amount is
actually deferred (i.e., credited to the Participants Account Balance),
as specifically elected by the Participant. By way of example, if a two
(2) year Short-Term Payout in a lump sum is elected for Annual Deferral
Amounts that are credited during the Plan Year commencing January 1,
2004, the two (2) year Short-Term Payout would become payable during a
ninety (90) day period commencing January 1, 2007. Notwithstanding the
preceding sentences or any other provision of this Plan that may be
construed to the contrary (unless otherwise determined by the Committee),
a Participant who is an active Employee or an active Director may, with
respect to each Short-Term Payout, on a form determined by the Committee,
make one or more additional deferral elections (a Subsequent Election)
to defer payment of such Short-Term Payout to a Plan Year subsequent to
the Plan Year originally (or subsequently) elected; provided, however,
any such Subsequent Election will be null and void unless accepted by the
Committee no later than one hundred eighty (180) days (or such greater
number of days as the Committee may prescribe) prior to the first day of
the Plan Year in which, but for the Subsequent Election, such Short-Term
Payout would be paid, and such Subsequent Election is at least two (2)
Plan Years (or such greater number of Plan Years as the Committee may
prescribe) from the Plan Year in which the Short-Term Payout, but for the
Subsequent Election, would be paid. The Committee shall have the
discretion to accelerate a Participants Short-Term Payout by reducing a
Participants Yearly Installment Method to fewer years than otherwise
elected. Notwithstanding the above, once a Short-Term Payout has
commenced pursuant to a Yearly Installment Method, no such Subsequent
Election can be made for the unpaid portion of such Short-Term Payout.
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|4.2 |  | Other Benefits Take Precedence Over Short-Term Payout. Should an event
occur that triggers a benefit under Articles 5, 6 or 7, any Annual
Deferral Amount, plus amounts credited or debited thereon, that is subject
to a Short-Term Payout election under Section 4.1 shall not be paid in
accordance with Section 4.1 but shall be paid in accordance with the other
applicable Article.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|4.3 |  | Withdrawal Payout/Suspensions for Unforeseeable Financial Emergencies.
If a Participant experiences an Unforeseeable Financial Emergency, the
Participant may petition the Committee to (i) suspend any deferrals
required to be made by the Participant and/or (ii) receive a partial or
full payout from the Plan. The payout shall not exceed the lesser of the
Participants Account Balance, calculated as if such Participant were
receiving a Termination Benefit, or the amount reasonably needed to
satisfy the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

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| |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Unforeseeable Financial Emergency. If, subject to the sole discretion of
the Committee, the petition for a suspension and/or payout is approved,
suspension shall take effect upon the date of approval and any payout
shall be made within sixty (60) days of the date of approval or as soon
as administratively practicable thereafter. The payment of any amount
under this Section 4.3 shall be subject to Sections 3.6(f), 3.8 and
14.18, but shall not be subject to the Deduction Limitation.

ARTICLE 5
Termination Benefit

|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|5.1 |  | Termination Benefit. Subject to the Deduction Limitation and to Sections
3.6(f) and 3.8 above, a Participant who experiences a Termination of
Employment shall receive (or, if Termination of Employment is due to the
Participants death, his or her Beneficiary shall receive), as a
Termination Benefit, the Participants entire Account Balance.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|5.2 |  | Payment of Termination Benefit. If the Participants Account Balance at
the time of his or her Termination of Employment is less than one hundred
fifty thousand dollars ($150,000), payment of his or her Termination
Benefit shall be in a lump sum. If the Participants Account Balance at
such time is equal to or greater than that amount, the Participant, in
connection with his or her commencement of participation in the Plan,
shall elect on an Election Form to receive (or to have his or her
Beneficiary receive) the Termination Benefit in a lump sum or pursuant to
a five or ten year Yearly Installment Method. The Participant may change
his or her election to an allowable alternative payout period by
submitting a new Election Form to the Committee, provided that any such
Election Form is submitted at least one hundred eighty (180) days (or such
greater number of days as the Committee may prescribe) prior to the
Participants Termination of Employment and is accepted by the Committee
in its sole discretion. The valid Election Form most recently accepted by
the Committee shall govern the payout of the Termination Benefit. If a
Participant does not make any election with respect to the payment of the
Termination Benefit, then such benefit shall be payable in a lump sum.
Subject to Sections 3.6(f), 3.8 and 14.18, the lump sum payment shall be
made, or installment payments shall commence, no earlier than thirty (30)
days and no later than ninety (90) days after the date of the
Participants Termination of Employment. The Committee shall have the
discretion to accelerate a Participants Termination Benefit by reducing a
Participants Yearly Installment Method to fewer years than otherwise
elected.
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|5.3 |  | Death Prior to Completion of Termination Benefit. If a Participant dies
after Termination of Employment but before the Termination Benefit is paid
in full, the Participants unpaid Termination Benefit payments shall
continue and shall be paid to the Participants Beneficiary (i) over the
remaining number of years and in the same                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

17



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| |  |                                                                                                                                                                                                                                                                                                                                                                                                                                  
| |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | amounts as that benefit would have been paid to the Participant had the
Participant survived, or (ii) in a lump sum, if requested by the
Participants Beneficiary and allowed in the sole discretion of the
Committee, that is equal to the Participants unpaid remaining Account
Balance. Any payment made hereunder shall be subject to Sections 3.6(f),
3.8 and 14.18, but shall not be subject to the Deduction Limitation.

ARTICLE 6
Change in Control Benefit

|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|--- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|6.1 |  | Change in Control Benefit. Notwithstanding anything herein to the
contrary, upon a Change in Control, each Participant shall receive, within
thirty (30) days following the Change in Control, the portion of his or
her Account Balance attributable to his or her Guideline LTIP Deferrals.
Payment shall be made solely in shares of Common Stock, in a single lump
sum, subject to Sections 3.6(f), 3.8 and 14.18. In the event the
surviving entity following a Change in Control does not assume the
obligations under the Plan, any remaining portion of a Participants
Account Balance which has not yet been paid as of the date of the Change
in Control shall be paid within thirty (30) days following the Change in
Control in the form of a lump sum amount. If the surviving entity
following a Change in Control assumes the Plan, the Plan will remain in
effect.

18



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ARTICLE 7
Disability Waiver and Benefit

|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|7.1 |  | Disability Waiver.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    |  | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  | Waiver of Deferral. Upon application, a Participant who is
determined by the Committee to be suffering from a Disability may
suspend for the period of the Disability that portion of the Annual
Deferral Amount commitment that would otherwise have been withheld
from a Participants Annual Base Salary and/or Incentive Payments,
or Directors Fees, for the Plan Year during which the Participant
first suffers a Disability.                  
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    |  | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  | Return to Work. If a Participant returns to active
employment with the Company after a Disability ceases, the
Participant may recommence electing to defer an Annual Deferral
Amount for the Plan Year following his or her return to active
employment; provided such deferral elections are otherwise allowed
and an Election Form is timely delivered to and accepted by the
Committee for each such election in accordance with Section 3.3
above.
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|7.2 |  | Continued Eligibility/Disability Benefit. A Participant suffering a
Disability shall, for benefit purposes under this Plan, continue to be
considered to be employed by the Company, and shall be eligible for the
benefits provided for in Articles 4, 5 or 6 in accordance with the
provisions of those Articles. Notwithstanding the above, the Committee
shall have the right to, in its sole and absolute discretion and for
purposes of this Plan only, deem the Participant to have experienced a
Termination of Employment after such Participant is determined to be
suffering a Disability, in which case the Participant shall receive a
Termination Benefit equal to his or her entire Account Balance at the time
of the Committees determination, paid in accordance with Article 5. Any
payment made hereunder shall be subject to Sections 3.6(f), 3.8 and 14.18,
but shall not be subject to the Deduction Limitation.

ARTICLE 8
Beneficiary Designation

|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                      
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|8.1 |  | Beneficiary. Each Participant shall have the right, at any time, to
designate his or her Beneficiary(ies) (both primary as well as contingent)
to receive any benefits payable under the Plan upon the death of a
Participant. The Beneficiary designated under this Plan may be the same
as or different from the Beneficiary designation under any other plan of
the Company in which the Participant participates.
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                      
|    |  | Notwithstanding the preceding or anything herein to the contrary, a
married Participant shall be deemed to have designated his or her spouse
as his or her Beneficiary. Such Participant                                                                                                                                                                                                                             

19



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##### 



|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |  | may designate a non-spouse Beneficiary(ies) solely with the consent of
his or her spouse, in such manner as the Committee shall reasonably
require.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|8.2 |  | Beneficiary Designation/Change. A Participant shall designate his or her
Beneficiary by completing and signing the Beneficiary Designation Form,
and returning it to the Committee or its designated agent. A Participant
shall have the right to change a Beneficiary by completing, signing and
otherwise complying with the terms of the Beneficiary Designation Form and
the Committees rules and procedures, as in effect from time to time. Upon
the acceptance by the Committee of a new Beneficiary Designation Form, all
Beneficiary designations previously filed shall be canceled. The
Committee shall be entitled to rely on the last Beneficiary Designation
Form filed by the Participant and accepted by the Committee prior to his
or her death.                                                                                                                                                                                                                                                             
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|8.3 |  | Acknowledgment. No designation or change in designation of a Beneficiary
shall be effective until received and acknowledged in writing by the
Committee or its designated agent.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|8.4 |  | No Beneficiary Designation. If a Participant fails to designate a
Beneficiary as provided in Sections 8.1, 8.2 and 8.3 above or, if all
designated Beneficiaries predecease the Participant or die prior to
complete distribution of the Participants benefits, then the
Participants designated Beneficiary shall be deemed to be his or her
surviving spouse, or, if the Participant has no surviving spouse, the
benefits remaining under the Plan to be paid to a Beneficiary shall be
payable to the executor or personal representative of the Participants
estate.                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|8.5 |  | Doubt as to Beneficiary. If the Committee has any doubt as to the proper
Beneficiary to receive payments pursuant to this Plan, the Committee shall
have the right, exercisable in its discretion, to cause the Company to
withhold such payments until this matter is resolved to the Committees
satisfaction.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|8.6 |  | Discharge of Obligations. The payment of benefits under the Plan to a
person believed in good faith by the Committee to be a valid Beneficiary
shall fully and completely discharge the Company and the Committee from
all further obligations under this Plan with respect to the Participant,
and that Participants Plan Agreement shall terminate upon such full
payment of benefits. Neither the Committee nor the Company shall be
obliged to search for any Participant or Beneficiary beyond the sending of
a registered letter to such Participants or Beneficiarys last known
address. If the Committee notifies any Participant or Beneficiary that he
or she is entitled to an amount under the Plan and the Participant or
Beneficiary fails to claim such amount or make his or her location known
to the Committee within three (3) years thereafter, then, except as
otherwise required by law, if the location of one or more of the next of
kin of the Participant is known to the Committee, the Committee

20



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##### 



| |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | may direct payment of such amount to any one or more or all of such next
of kin, and in such proportions as the Committee determines. If the
location of none of the foregoing persons can be determined, the
Committee shall have the right to direct that the amount payable shall be
deemed to be a forfeiture and paid to the Company, except that the dollar
amount of the forfeiture, unadjusted for deemed gains or losses in the
interim, shall be paid by the Company if a claim for the benefit
subsequently is made by the Participant or the Beneficiary to whom it was
payable. If a benefit payable to an unlocated Participant or Beneficiary
is subject to escheat pursuant to applicable state law, neither the
Committee nor the Company shall be liable to any person for any payment
made in accordance with such law.

ARTICLE 9
Leave of Absence

|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|9.1 |  | Paid Leave of Absence. If a Participant is authorized by the Company for
any reason to take a paid leave of absence from the employment of the
Company, the Participant shall continue to be considered employed by the
Company and the Annual Deferral Amount shall continue to be withheld
during such paid leave of absence in accordance with Section 3.4.                                                                                                                                                                                                                                                                                                                                            
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|9.2 |  | Unpaid Leave of Absence. If a Participant is authorized by the Company
for any reason to take an unpaid leave of absence from the employment of
the Company, the Participant shall continue to be considered employed by
the Company and the Participant shall be excused from making deferrals
until the earlier of the date the leave of absence expires or the
Participant returns to a paid employment status. Upon such expiration or
return, deferrals shall resume for the remaining portion of the Plan Year
in which the expiration or return occurs, based on the deferral election,
if any, made for that Plan Year. If no election was made for that Plan
Year, no deferral shall be withheld.

ARTICLE 10
Termination/Amendment/Modification

|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  | 
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | 
|10.1 |  | Termination. Although the Company anticipates that it will continue the
Plan for an indefinite period of time, there is no guarantee that the
Company will continue the Plan or will not terminate the Plan at any time
in the future. Accordingly, the Company reserves the right to discontinue
its sponsorship of the Plan and/or to terminate the Plan at any time with
respect to any or all of its participating Employees or Directors, by
action of the Board. Upon a complete or partial termination of the Plan,
the Plan Agreements of the affected Participants shall terminate and their
Account Balances, determined as if they had experienced a Termination of
Employment on the date of Plan termination, shall be paid to the
Participants in accordance with their distribution elections in effect at
the time of the Plan termination; provided that, the Board may, in its
sole discretion, accelerate payment as soon as practicable following Plan
termination in a lump sum or pursuant to

21



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|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                                                                                                                                                        
|---- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------
|     |  | the Yearly Installment Method but over fewer years. Except as provided
in the preceding sentence, the termination of the Plan shall not
adversely affect any Participant or Beneficiary who has become entitled
to the payment of any benefits under the Plan as of the date of
termination.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                                                                                                                                                        
|10.2 |  | Amendment. The Company may, at any time, unilaterally amend or modify
the Plan in whole or in part by the action of the Board; provided,
however, that no amendment or modification shall be effective to decrease
or restrict the value of a Participants Account Balance in existence at
the time the amendment or modification is made, calculated as if the
Participant had experienced a Termination of Employment as of the
effective date of the amendment or modification. The amendment or
modification of the Plan shall not affect any Participant or Beneficiary
who has become entitled to the payment of benefits under the Plan as of
the date of the amendment or modification; provided, however, that the
Company shall have the right to accelerate installment payments by paying
the Account Balance in a lump sum or pursuant to the Yearly Installment
Method but over fewer years.
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                                                                                                                                                        
|10.3 |  | Plan Agreement. Despite the provisions of Sections 10.1 and 10.2 above,
if a Participants Plan Agreement contains benefits or limitations that
are not in this Plan document, the Company may only amend or terminate
such provisions with the consent of the Participant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                                                                                                                                                        
|10.4 |  | Effect of Payment. The full payment of the applicable benefit under
Articles 4, 5, 6 or 7 of the Plan shall completely discharge all
obligations to a Participant and his or her designated Beneficiaries under
this Plan and the Participants Plan Agreement shall terminate.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                                                                                                                                                        
|10.5 |  | Amendment to Ensure Proper Characterization of the Plan. Notwithstanding
the previous Sections of this Article, the Plan may be amended at any
time, retroactively if required, if found necessary, in the opinion of the
Company, in order to ensure that the Plan is characterized as a
non-tax-qualified top hat plan of deferred compensation maintained for a
select group of management or highly compensated employees, as described
under ERISA Sections 201(2), 301(a)(3) and 401(a)(1), to ensure that
amounts under the Plan are not considered to be taxed to a Participant
under the Federal income tax laws prior to the Participants receipt of
the amounts or to conform the Plan to the provisions and requirements of
any applicable law (including ERISA and the Code).                                                                                                              
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                                                                                                                                                        
|10.6 |  | Changes in Law Affecting Taxability.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |                                                                                                                                                        
|     |  | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  | Operation. This Section shall become operative upon the
enactment of any change in applicable statutory law or the
promulgation by the Internal Revenue

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| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |  | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  |     |  | Service of a final regulation or other pronouncement having the
force of law, which statutory law, as changed, or final regulation
or pronouncement, as promulgated, would cause any Participant to
include in his or her federal gross income amounts accrued by the
Participant under the Plan on a date (an Early Taxation Event)
prior to the date on which such amounts are made available to him
or her hereunder.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |  | (b) |  | Affected Right or Feature Nullified. Notwithstanding any
other Section of this Plan to the contrary (but subject to
subsection (c), below), as of an Early Taxation Event, the feature
or features of this Plan that would cause the Early Taxation Event
shall be null and void, to the extent, and only to the extent,
required to prevent the Participant from being required to include
in his or her federal gross income amounts accrued by the
Participant under the Plan prior to the date on which such amounts
are made available to him or her hereunder. If only a portion of a
Participants Account Balance is impacted by the change in the law,
then only such portion shall be subject to this Section, with the
remainder of the Account Balance not so affected being subject to
such rights and features as if the law were not changed. If the law
only impacts Participants who have a certain status with respect to
the Company, then only such Participants shall be subject to this
Section.
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |  | (c) |  | Tax Distribution. If an Early Taxation Event is earlier than
the date on which the statute, regulation or pronouncement giving
rise to the Early Taxation Event is enacted or promulgated, as
applicable (i.e., if the change in the law is retroactive), there
shall be distributed to each Participant, as soon as practicable
following such date of enactment or promulgation, the amounts that
became taxable on the Early Taxation Event.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

ARTICLE 11
Administration

|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|---- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|11.1 |  | Committee Duties. This Plan shall be administered by the Committee, any
of whose members may be Participants under this Plan. The Committee shall
have the discretion and authority to (i) interpret and enforce all
appropriate rules and regulations for the administration of this Plan and
(ii) decide or resolve any and all questions including interpretations of
this Plan, as may arise in connection with the Plan. Any individual
serving on the Committee who is a Participant shall not vote or act on any
matter relating solely to himself or herself. When making a determination
or calculation, the Committee shall be entitled to rely on information
furnished by a Participant or the Company.
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|11.2 |  | Agents. In the administration of this Plan, the Committee may, from time
to time, employ agents and delegate to them such administrative duties as
they see fit (including acting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

23



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|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|---- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |  | through a duly appointed representative) and may from time to time
consult with counsel who may be counsel to the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|11.3 |  | Binding Effect of Decisions. The decision or action of the Committee
with respect to any question arising out of or in connection with the
administration, interpretation and application of the Plan and the rules
and regulations promulgated hereunder shall be final and conclusive and
binding upon all persons having any interest in the Plan.                                                                                                                                                                                                     
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|11.4 |  | Indemnity of Committee. The Company shall indemnify and hold harmless
the members of the Committee, and any Employee to whom the duties of the
Committee may be delegated, against any and all claims, losses, damages,
expenses or liabilities arising from any action or failure to act with
respect to this Plan, except in the case of willful misconduct by the
Committee or any of its members or any such Employee. This
indemnification shall be in addition to, and not in limitation of, any
other indemnification protections of the Committee.
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|11.5 |  | Company Information. To enable the Committee to perform its functions,
the Company shall supply full and timely information to the Committee on
all matters relating to the compensation of the Participants, the date and
circumstances of the Disability or Termination of Employment of the
Participants, and such other pertinent information as the Committee may
reasonably require.                                                                                                                                                                

ARTICLE 12
Other Benefits and Agreements

|     |  |                                                                                                                                                                                                                                                                                                                                                                                                      
|---- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|12.1 |  | Coordination with Other Benefits. The benefits provided for a
Participant or a Participants Beneficiary under the Plan are in addition
to any other benefits available to such Participant under any other plan
or program for Employees of the Company. The Plan shall supplement and
shall not supersede, modify or amend any other plan or program except as
may otherwise be expressly provided.

24



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##### 



ARTICLE 13
Claims Procedures

|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | 
|---- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | 
|13.1 |  | Scope of Claims Procedures. This Article is based on final regulations
issued by the Department of Labor and published in the Federal Register on
November 21, 2000 and codified at 29 C.F.R. section 2560.503-1. If any
provision of this Article conflicts with the requirements of those
regulations, the requirements of those regulations will prevail.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | 
|     |  | For purposes of this Article, references to disability benefit claims are
intended to describe claims made by Participants for Termination Benefits
payable pursuant to Articles 5 and 7, but only if and to the extent that
such claims require an independent determination by the Committee that
the Participant is or is not suffering from a Disability. If the
Committees determination is based entirely on a Disability determination
made by another party, such as the Social Security Administration or
another federal or state agency or an insurer with respect to a
disability insurance policy covering the Participant, the Participants
claim shall not be treated as a Disability claim for purposes of the
special provisions of this Article that apply to claims for which an
independent determination of Disability is required.
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | 
|13.2 |  | Initial Claim. A Participant or Beneficiary who believes he or she is
entitled to any benefit under the Plan (a Claimant) may file a claim
with the Committee. The Committee shall review the claim itself or
appoint an individual or an entity to review the claim.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | 
|     |  | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  | Benefit Claims that do not Require a Determination of
Disability. If the claim is for a benefit that does not arise from
a Disability (or that arises from a Disability but does not require
an independent determination by the Committee of a Participants
Disability status), the Claimant shall be notified within ninety
(90) days after the claim is filed whether the claim is allowed or
denied, unless the Claimant receives written notice from the
Committee or appointee of the Committee prior to the end of the
ninety (90) day period stating that special circumstances require an
extension of the time for decision, such extension not to extend
beyond the day which is one hundred eighty (180) days after the day
the claim is filed.                                                                                                                 
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | 
|     |  | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  | Disability Benefit Claims. In the case of a benefits claim
that requires an independent determination by the Committee of a
Participants Disability status, the Committee shall notify the
Claimant of the Plans adverse benefit determination within a
reasonable period of time, but not later than forty-five (45) days
after receipt of the claim. If, due to matters beyond the control
of the Committee, the Committee needs additional time to process a
claim, the Claimant will be notified, within forty-five (45) days
after the Committee receives the claim, of those circumstances and
of when the Committee expects to make its decision but not beyond
seventy-five (75) days. If, prior to the end of the extension
period, due to matters beyond the control of the Committee, a
decision cannot be rendered within that extension period, the period
for

25



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##### 



| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                          
| |  | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  |     |  | making the determination may be extended for up to one hundred five
(105) days, provided that the Committee notifies the Claimant of
the circumstances requiring the extension and the date as of which
the Committee expects to render a decision. The extension notice
shall specifically explain the standards on which entitlement to a
disability benefit is based, the unresolved issues that prevent a
decision on the claim and the additional information needed from
the Claimant to resolve those issues, and the Claimant shall be
afforded at least forty-five (45) days within which to provide the
specified information.
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                          
| |  | (c) |  | Manner and Content of Denial of Initial Claims. If the
Committee denies a claim, it must provide to the Claimant, in
writing or by electronic communication:                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                          
| |  |     |  | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  | The specific reasons for the denial;                                                                                                                                                     
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                          
| |  |     |  | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  | A reference to the Plan provision or insurance
contract provision upon which the denial is based;                                                                                        
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                          
| |  |     |  | (iii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  | A description of any additional information or
material that the Claimant must provide in order to perfect
the claim;                                                                    
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                          
| |  |     |  | (iv)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  | An explanation of why such additional material or
information is necessary;                                                                                                              
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                          
| |  |     |  | (v)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  | Notice that the Claimant has a right to request a
review of the claim denial and information on the steps to be
taken if the Claimant wishes to request a review of the claim
denial; and
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                          
| |  |     |  | (vi)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  | A statement of the participants right to bring a
civil action under ERISA Section 502(a) following a denial on
review of the initial denial.                                            
| |  |     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                          
| |  |     |  | In addition, in the case of a denial of Termination Benefits on the
basis of the Committees independent determination of the
Participants Disability status, the Committee will provide a copy
of any rule, guideline, protocol, or other similar criterion relied
upon in making the adverse determination (or a statement that the
same will be provided upon request by the Claimant and without
charge).                                                                                                                                                                                                                          

26



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##### 



|     |  |                    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  |                                                                                                                                                                                                                                                                                                                                                                                
|---- |  | ------------------ |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|13.3 |  | Review Procedures.
|     |  |                    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  |                                                                                                                                                                                                                                                                                                                                                                                
|     |  | (a)                |  | Benefit Claims that do not Require a Determination of
Disability. Except for claims requiring an independent
determination of a Participants Disability status, a request for
review of a denied claim must be made in writing to the Committee
within sixty (60) days after receiving notice of denial. The
decision upon review will be made within sixty (60) days after the
Committees receipt of a request for review, unless special
circumstances require an extension of time for processing, in which
case a decision will be rendered not later than one hundred twenty
(120) days after receipt of a request for review. A notice of such
an extension must be provided to the Claimant within the initial
sixty (60) day period and must explain the special circumstances and
provide an expected date of decision.
|     |  |                    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  |                                                                                                                                                                                                                                                                                                                                                                                
|     |  |                    |  | The reviewer shall afford the Claimant an opportunity to review and
receive, without charge, all relevant documents, information and
records and to submit issues and comments in writing to the
Committee. The reviewer shall take into account all comments,
documents, records and other information submitted by the Claimant
relating to the claim regardless of whether the information was
submitted or considered in the initial benefit determination.                                                                                                                                                                                                                                                                                                                                                                   
|     |  |                    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  |                                                                                                                                                                                                                                                                                                                                                                                
|     |  | (b)                |  | Disability Benefit Claims. In addition to having the right
to review documents and submit comments as described in subsection
(a) above, a Claimant whose claim for Termination Benefits requires
an independent determination by the Committee of the Participants
Disability status has at least one hundred eighty (180) days
following receipt of a notification of an adverse benefit
determination within which to request a review of the initial
determination. In such cases, the review will meet the following
requirements:                                                                                                                                                                                                                                                                                          
|     |  |                    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  |                                                                                                                                                                                                                                                                                                                                                                                
|     |  |                    |  | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  | The Committee will provide a review that does not
afford deference to the initial adverse benefit determination
and that is conducted by an appropriate named fiduciary of the
Plan who did not make the initial determination that is the
subject of the appeal, nor by a subordinate of the individual
who made the determination.                                           
|     |  |                    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  |                                                                                                                                                                                                                                                                                                                                                                                
|     |  |                    |  | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | The appropriate named fiduciary of the Plan will
consult with a health care professional who has appropriate
training and experience in the field of medicine involved in
the medical judgment before making a decision on review of any
adverse initial determination based in whole or in part on a
medical judgment. The professional engaged for purposes of a
consultation

27



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##### 



| |  |     |  |                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |  | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  |     |  |                                                                                                                                                                                                                                   |  | in the preceding sentence shall not be an individual who was
consulted in connection with the initial determination that
is the subject of the appeal or the subordinate of any such
individual.                                                                                                                                                                                                                                                                                                                   
| |  |     |  |                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |  |     |  | (iii)                                                                                                                                                                                                                             |  | The Committee will identify to the Claimant the
medical or vocational experts whose advice was obtained on
behalf of the Plan in connection with the review, without
regard to whether the advice was relied upon in making the
benefit review determination.                                                                                                                                                                                                                                                      
| |  |     |  |                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |  |     |  | (iv)                                                                                                                                                                                                                              |  | The decision on review will be made within
forty-five (45) days after the Committees receipt of a
request for review, unless special circumstances require an
extension of time for processing, in which case a decision
will be rendered not later than ninety (90) days after receipt
of a request for review. A notice of such an extension must
be provided to the Claimant within the initial forty-five (45)
day period and must explain the special circumstances and
provide an expected date of decision.
| |  |     |  |                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |  | (c) |  | Manner and Content of Notice of Decision on Review. Upon
completion of its review of an adverse initial claim determination,
the Committee will give the Claimant, in writing or by electronic
notification, a notice containing:
| |  |     |  |                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |  |     |  | (i)                                                                                                                                                                                                                               |  | its decision;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| |  |     |  |                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |  |     |  | (ii)                                                                                                                                                                                                                              |  | the specific reasons for the decision;                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| |  |     |  |                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |  |     |  | (iii)                                                                                                                                                                                                                             |  | the relevant Plan provisions or insurance
contract provisions on which its decision is based;                                                                                                                                                                                                                                                                                                                                                                                                                      
| |  |     |  |                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |  |     |  | (iv)                                                                                                                                                                                                                              |  | a statement that the Claimant is entitled to
receive, upon request and without charge, reasonable access
to, and copies of, all documents, records and other
information in the Plans files which is relevant to the
Claimants claim for benefits;                                                                                                                                                                                                                                                               
| |  |     |  |                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |  |     |  | (v)                                                                                                                                                                                                                               |  | a statement describing the Claimants right to
bring an action for judicial review under ERISA Section
502(a); and                                                                                                                                                                                                                                                                                                                                                                                                 
| |  |     |  |                                                                                                                                                                                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |  |     |  | (vi)                                                                                                                                                                                                                              |  | if an internal rule, guideline, protocol or other
similar criterion was relied upon in making the adverse
determination on review, a statement that a copy of the rule,
guideline, protocol or other similar criterion will be
provided without charge to the Claimant upon request.                                                                                                                                                                                                                               

28



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##### 



|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |  |  | 
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  |  |  | 
|13.4 |  | Calculation of Time Periods. For purposes of the time periods specified
in this Article, the period of time during which a benefit determination
is required to be made begins at the time a claim is filed in accordance
with the Plan procedures without regard to whether all the information
necessary to make a decision accompanies the claim. If a period of time
is extended due to a Claimants failure to submit all information
necessary, the period for making the determination shall be tolled from
the date the notification is sent to the Claimant until the date the
Claimant responds.                     
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |  |  | 
|13.5 |  | Legal Action. If the Plan fails to follow the claims procedures required
by this Article, a Claimant shall be deemed to have exhausted the
administrative remedies available under the Plan and shall be entitled to
pursue any available remedy under ERISA Section 502(a) on the basis that
the Plan has failed to provide a reasonable claims procedure that would
yield a decision on the merits of the claim. A Claimants compliance with
the foregoing provisions of this Article is a mandatory prerequisite to a
Claimants right to commence any legal action with respect to any claims
for benefits under the Plan.

ARTICLE 14
Miscellaneous

|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|---- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|14.1 |  | Status of Plan. The Plan is intended to be a top hat plan that is not
qualified within the meaning of Code Section 401(a) and that is unfunded
and is maintained by an employer primarily for the purpose of providing
deferred compensation for a select group of management or highly
compensated employees within the meaning of ERISA Sections 201(2),
301(a)(3) and 401(a)(1). The Plan shall be administered and interpreted
to the extent possible in a manner consistent with that intent.                                      
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|14.2 |  | Unsecured General Creditor. Participants and their Beneficiaries, heirs,
successors and assigns shall have no legal or equitable rights, interests
or claims in any property or assets of the Company. For purposes of the
payment of benefits under this Plan, any and all of the Companys assets
shall be, and remain, the general, unpledged unrestricted assets of the
Company. The Companys obligation under the Plan shall be merely that of
an unfunded and unsecured promise to pay money or shares of Common Stock
in the future.
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|14.3 |  | Companys Liability. The Companys liability for the payment of benefits
shall be defined only by the Plan and the Plan Agreement, as entered into
between the Company and a Participant. The Company shall have no
obligation to a Participant under the Plan except as expressly provided in
the Plan and his or her Plan Agreement.                                                                                                                                                                                                      
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|14.4 |  | Nonassignability. Neither a Participant nor any other person shall have
any right to commute, sell, assign, transfer, pledge, anticipate, mortgage
or otherwise encumber, transfer, hypothecate, alienate or convey in
advance of actual receipt, the amounts, if any,                                                                                                                                                                                                                                                                      

29



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##### 



|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |  | payable hereunder, or any part thereof, which are, and all rights to
which are expressly declared to be, unassignable and non-transferable.
No part of the amounts payable shall, prior to actual payment, be subject
to seizure, attachment, garnishment or sequestration for the payment of
any debts, judgments, alimony or separate maintenance owed by a
Participant or any other person, be transferable by operation of law in
the event of a Participants or any other persons bankruptcy or
insolvency or be transferable to a spouse as a result of a property
settlement or otherwise.                                                                                                                                                                                                                                                                                                                                             
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|14.5 |  | Not a Contract of Employment; No Guarantee of Payment. The terms and
conditions of this Plan shall not be deemed to constitute a contract of
employment between the Company and a Participant. Such employment is
hereby acknowledged, subject to applicable state law, to be an at will
employment relationship that can be terminated at any time for any reason,
or no reason, with or without cause, and with or without notice, unless
expressly provided otherwise in a written employment agreement. Nothing
in this Plan shall be deemed to give any Participant the right to be
retained in the employment of the Company, or to interfere with the right
of the Company to discipline or discharge the Participant at any time.
Nothing in this Plan shall be deemed to be a guarantee of any right to
payment of any particular form of compensation whether a Participant has
elected to defer such compensation hereunder or not.
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|14.6 |  | Furnishing Information. A Participant or his or her Beneficiary will
cooperate with the Committee by furnishing any and all information
requested by the Committee and take such other actions as may be requested
in order to facilitate the administration of the Plan and the payments of
benefits hereunder, including, but not limited to, taking such physical
examinations as the Committee may deem necessary.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|14.7 |  | Terms. Whenever any words are used herein in the masculine, they shall
be construed as though they were in the feminine in all cases where they
would so apply; and whenever any words are used herein in the singular or
in the plural, they shall be construed as though they were used in the
plural or the singular, as the case may be, in all cases where they would
so apply.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|14.8 |  | Captions. The captions of the articles, sections and paragraphs of this
Plan are for convenience only and shall not control or affect the meaning
or construction of any of its provisions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|     |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|14.9 |  | Governing Law. Subject to ERISA and other applicable federal law, the
provisions of this Plan shall be construed and interpreted according to
the internal laws of the State of Delaware without regard to its conflicts
of laws principles.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

30



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|      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|----- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|14.10 |  | Notice. Any notice or filing required or permitted to be given to the
Committee under this Plan shall be sufficient if in writing and
hand-delivered, or sent by registered or certified mail, to the address
below:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|      |  | Vice President, Human Resources
Oxford Health Plans, Inc.
48 Monroe Turnpike
Trumbull, Connecticut 06611                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|      |  | Such notice shall be deemed given as of the date of delivery or, if
delivery is made by mail, as of the date shown on the postmark on the
receipt for registration or certification.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|      |  | Any notice or filing required or permitted to be given to a Participant
under this Plan shall be sufficient if in writing and hand-delivered, or
sent by mail, to the last known address of the Participant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|14.11 |  | Successors. The provisions of this Plan shall bind and inure to the
benefit of the Company and its successors and assigns and the Participant
and the Participants designated Beneficiaries.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|14.12 |  | Spouses Interest. The interest in the benefits hereunder of a spouse
of a Participant who has predeceased the Participant shall automatically
pass to the Participant and shall not be transferable by such spouse in
any manner, including but not limited to such spouses will, nor shall
such interest pass under the laws of intestate succession.                                                                                                                                                                                                                                                                                                                                                                                                                                               
|      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|14.13 |  | Validity. In case any provision of this Plan shall be illegal or
invalid for any reason, said illegality or invalidity shall not affect the
remaining parts hereof, but this Plan shall be construed and enforced as
if such illegal or invalid provision had never been inserted herein.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|14.14 |  | Incompetent. If the Committee determines in its discretion that a
benefit under this Plan is to be paid to a minor, a person declared
incompetent or to a person incapable of handling the disposition of that
persons property, the Committee may direct payment of such benefit to the
guardian, legal representative or person having the care and custody of
such minor, incompetent or incapable person. The Committee may require
proof of minority, incompetence, incapacity or guardianship, as it may
deem appropriate prior to distribution of the benefit. Any payment of a
benefit shall be a payment for the account of the Participant and the
Participants Beneficiary, as the case may be, and shall be a complete
discharge of any liability under the Plan for such payment amount.
|      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|14.15 |  | Court Order. The Committee is authorized to make any payments directed
by court order in any action in which the Plan or the Committee has been
named as a party. In addition, if a court determines (notwithstanding the
provisions of Section 14.4) that a spouse or former                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

31



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|      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|----- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      |  | spouse of a Participant has an interest in the Participants benefits
under the Plan in connection with a property settlement or otherwise, the
Committee, in its sole discretion, shall have the right, notwithstanding
any election made by a Participant, to immediately distribute the
spouses or former spouses interest in the Participants benefits under
the Plan to that spouse or former spouse, subject to Section 3.8, above.                                                                                                                                                                                                                                                                                                                                                                                                             
|      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|14.16 |  | Payment in the Event of Taxation. If, for any reason, all or any
portion of a Participants benefits under this Plan becomes taxable to the
Participant prior to receipt, the Participant may petition the Committee
for a payment of that portion of his or her benefit that has become
taxable. Upon the grant of such a petition, which grant shall not be
unreasonably withheld, the Company shall pay to the Participant
immediately available funds in an amount equal to the taxable portion of
his or her benefit (which amount shall not exceed a Participants unpaid
Account Balance under the Plan). If the petition is granted, the tax
liability payment shall be made within ninety (90) days of the date when
the Participants petition is granted. Such a distribution shall affect
and reduce the benefits to be paid under this Plan.
|      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|14.17 |  | Insurance. The Company, on its own behalf, and in its sole discretion,
may apply for and procure insurance on the life of the Participant, in
such amounts and in such forms as the Company may choose. The Company
shall be the sole owner and beneficiary of any such insurance. The
Participant shall have no interest whatsoever in any such policy or
policies, and at the request of the Company shall supply such information
and execute such documents as may be required by the insurance company or
companies to whom the Company has applied for insurance.                                                                                                                                                                                                                                                                                  
|      |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|14.18 |  | Government and Other Regulations. The Plan, and the right of the
Company to offer participation herein and to make payment hereunder in
shares of Common Stock or otherwise, shall be subject to all applicable
laws, rules, regulations and securities exchange requirements. The Plan
shall be administered in all respects to comply with any such applicable
laws, rules, regulations and requirements, including to effect or obtain
any and all listings, approvals, registrations and Participant agreements
and representations as the Committee shall determine to be necessary or
desirable.                                                                                                                                                                                                                                                   

32



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##### 



Schedule A

Measurement Funds

Pursuant to Section 3.6(d) and subject to Section 3.6(f), the Participant may
elect one or both of the following Measurement Funds:

|                   |  |                                                 
|------------------ |  | ------------------------------------------------
|Fund Class         |  | Measurement Fund                                
|                   |  |                                                 
|Fixed Income Fund* |  | Merrill Lynch Corporate Government Master Index*
|Common Stock Fund  |  | Oxford Health Plans, Inc. Common Stock          

* Interest will be credited under this Measurement Fund on a quarterly basis, based upon the interest rate for this Index as of the end of the previous quarter.

33