EXHIBIT
10.54


 


EXHIBIT 1 to AMENDMENT NO. 1
TO SALARY CONTINUATION AGREEMENT


 


GARY DAVID QUISENBERRY


 


	
  Birth
  Date: 5/26/1951

  	
   

  	
  Early Retirement

  	
   

  	
  Early Involuntary

  	
   

  	
  Disability

  	
   

  	
  Change of Control

  
	
  Plan
  Anniversary Date: 1/1/2006

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Normal
  Retirement: 12/31/2015, Age 64

  	
   

  	
  Monthly Installment

  	
   

  	
  Termination

  	
   

  	
  Monthly Installments

  	
   

  	
  Lump Sum Payable

  
	
  Normal
  Retirement Payment: Monthly for 15 years

  	
   

  	
  Payable at Termination

  	
   

  	
  Lump Sum Payable at

  	
   

  	
  Payable at Termination

  	
   

  	
  at

  
	
   

  	
   

  	
  for 15 Years

  	
   

  	
  Normal Retirement Date

  	
   

  	
  for 15 Years

  	
   

  	
  Termination

  



 


	
  Period

  Ending

  	
   

  	
  Discount

  Rate

  	
   

  	
  Benefit

  Level (2)

  	
   

  	
  Accrual

  Balance

  	
   

  	
  Vesting

  	
   

  	
  Based on

  Accrual

  	
   

  	
  Vesting

  	
   

  	
  Based on

  Accrual

  	
   

  	
  Vesting

  	
   

  	
  Based on

  Accrual

  	
   

  	
  Vesting

  	
   

  	
  Based on

  Accrual

  	
   

  
	
   

  	
   

  	
  (1)

  	
   

  	
  (2)

  	
   

  	
  (3)

  	
   

  	
  (4)

  	
   

  	
  (5)

  	
   

  	
  (6)

  	
   

  	
  (7)

  	
   

  	
  (8)

  	
   

  	
  (9)

  	
   

  	
  (10)

  	
   

  	
  (11)

  	
   

  
	
  Dec 2005 (1)

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  5,863

  	
   

  	
  20

  	
  %

  	
  121

  	
   

  	
  0

  	
  %

  	
  —

  	
   

  	
  100

  	
  %

  	
  603

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2006

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  12,652

  	
   

  	
  40

  	
  %

  	
  521

  	
   

  	
  0

  	
  %

  	
  —

  	
   

  	
  100

  	
  %

  	
  1,302

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2007

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  19,878

  	
   

  	
  60

  	
  %

  	
  1,227

  	
   

  	
  0

  	
  %

  	
  —

  	
   

  	
  100

  	
  %

  	
  2,045

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2008

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  27,569

  	
   

  	
  70

  	
  %

  	
  1,986

  	
   

  	
  0

  	
  %

  	
  —

  	
   

  	
  100

  	
  %

  	
  2,837

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2009

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  35,755

  	
   

  	
  80

  	
  %

  	
  2,943

  	
   

  	
  0

  	
  %

  	
  —

  	
   

  	
  100

  	
  %

  	
  3,679

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Dec 2010

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  44,467

  	
   

  	
  90

  	
  %

  	
  4,118

  	
   

  	
  0

  	
  %

  	
  —

  	
   

  	
  100

  	
  %

  	
  4,575

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2011

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  53,740

  	
   

  	
  100

  	
  %

  	
  5,529

  	
   

  	
  20

  	
  %

  	
  13,792

  	
   

  	
  100

  	
  %

  	
  5,529

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2012

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  63,609

  	
   

  	
  100

  	
  %

  	
  6,545

  	
   

  	
  40

  	
  %

  	
  30,676

  	
   

  	
  100

  	
  %

  	
  6,545

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2013

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  74,113

  	
   

  	
  100

  	
  %

  	
  7,625

  	
   

  	
  60

  	
  %

  	
  50,372

  	
   

  	
  100

  	
  %

  	
  7,625

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2014

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  85,292

  	
   

  	
  100

  	
  %

  	
  8,776

  	
   

  	
  70

  	
  %

  	
  63,545

  	
   

  	
  100

  	
  %

  	
  8,776

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Dec 2015

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  97,190

  	
   

  	
  100

  	
  %

  	
  10,000

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  	
  100

  	
  %

  	
  10,000

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  



 


December 31, 2015
Retirement; January 31, 2016 First Payment Date


 










(1) The first line reflects 11 months of data, February 2005 to
December 2005.


(2) The benefit amount includes a 3.00% nonguaranteed inflator during
the payout period.


*                 The purpose of this hypothetical illustration
is to show the participant’s annual benefit based on various termination
assumptions.  Actual benefits are based
on the terms and provisions of the plan agreement executed between the company
and participant and may differ from those shown.