EXHIBIT
10.53


 


EXHIBIT 1 to AMENDMENT NO. 1
TO SALARY CONTINUATION AGREEMENT


 


GAYLE GRAHAM


 


	
  Birth
  Date: 10/28/1946

  	
   

  	
  Early Retirement

  	
   

  	
  Early Involuntary

  	
   

  	
  Disability

  	
   

  	
  Change of Control

  
	
  Plan
  Anniversary Date: 1/1/2006

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Normal
  Retirement: 12/31/2011, Age 65

  	
   

  	
  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

  	
   

  	
  10,603

  	
   

  	
  20

  	
  %

  	
  218

  	
   

  	
  0

  	
  %

  	
  —

  	
   

  	
  100

  	
  %

  	
  1,091

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2006

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  22,882

  	
   

  	
  40

  	
  %

  	
  942

  	
   

  	
  20

  	
  %

  	
  6,250

  	
   

  	
  100

  	
  %

  	
  2,354

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2007

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  35,951

  	
   

  	
  60

  	
  %

  	
  2,219

  	
   

  	
  40

  	
  %

  	
  18,453

  	
   

  	
  100

  	
  %

  	
  3,699

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2008

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  49,860

  	
   

  	
  80

  	
  %

  	
  4,104

  	
   

  	
  60

  	
  %

  	
  36,068

  	
   

  	
  100

  	
  %

  	
  5,130

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2009

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  64,664

  	
   

  	
  90

  	
  %

  	
  5,988

  	
   

  	
  80

  	
  %

  	
  58,600

  	
   

  	
  100

  	
  %

  	
  6,653

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Dec 2010

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  80,421

  	
   

  	
  100

  	
  %

  	
  8,275

  	
   

  	
  90

  	
  %

  	
  77,034

  	
   

  	
  100

  	
  %

  	
  8,275

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2011

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  97,190

  	
   

  	
  100

  	
  %

  	
  10,000

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  	
  100

  	
  %

  	
  10,000

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  



 


December 31, 2011
Retirement; January 31, 2012 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.