**EXHIBIT
      A**


**TO**


**2002
      EQUITY INCENTIVE PLAN**





**EXECUTIVE
      AND KEY MANAGER PERFORMANCE SHARE SUB-PLAN**


(As
      amended effective January 1, 2007)





This
      Executive and Key Manager Performance Share Sub-Plan (“Sub-Plan”) sets forth the
      rules and regulations adopted by the Committee for issuance of Performance
      Share
      Awards under Section 10 of the 2002 Equity Incentive Plan (“Plan”). These rules
      and regulations shall apply to Awards granted effective on and after January
      1,
      2005. In addition, the rules and regulations relating to the deferral of Awards
      set forth in this Sub-Plan shall apply to any Awards which become vested on
      or
      after January 1, 2005. Capitalized terms used in this Sub-Plan that are not
      defined herein shall have the meaning given in the Plan. In the event of any
      conflict between this Sub-Plan and the Plan, the terms and conditions of the
      Plan shall control. No Award Agreement shall be required for participation
      in
      this Sub-Plan.





**Section
      1. Definitions**





When
      used
      in this Sub-Plan, the following terms shall have the meanings as set forth
      below, and are in addition to the definitions set forth in the
      Plan.





1.1
            “Account”
                means the account used to record and track the number of Performance
                Shares granted to each Participant as provided in Section
                2.4.





1.2
            “Award”
                as used in this Sub-Plan means each aggregate award of Performance
                Shares
                as provided in Section 2.2.





1.3
            “EBITDA”
                means earnings before interest, taxes, depreciation, and amortization
                as
                determined from time to time by the
                Committee.





1.4
            “EBITDA
                Growth”
                means the percentage increase (if any) in EBITDA for any Year, as
                compared
                to the previous Year as determined from time to time by the
                Committee.





1.5
            “Peer
                Group”
                means the peer group of utilities designated by the Committee prior
                to the
                beginning of the Performance Period for which an Award is granted.





1.6
            “Performance
                Period”
                for purposes of this Sub-Plan means three consecutive Years beginning
                with
                the Year in which an Award is
                granted.





1.7
            “Performance
                Schedule”
                means Attachment 1 to this Sub-Plan, which sets forth the Performance
                Measures applicable to this Sub-Plan.


1.8
            “Performance
                Share”
                for purposes of this Sub-Plan means each unit of an Award granted
                to a
                Participant, the value of which is equal to the value of Company
                Stock as
                hereinafter provided.





1.9
            “Retire”
                or “Retirement”
                means Separation from Service on or
                after:





(a)
      becoming 65 years old with at least 5 years of service;





(b)
      becoming 55 years old with at least 15 years of service; or





(c)
      achieving at least 35 years of service, regardless of age.





1.10
            “Salary”
                means the regular base rate of compensation payable by the Company
                to a
                Participant on an annual basis. Salary does not include bonuses,
                if any,
                or incentive compensation, if any. Such compensation shall not be
                reduced
                by any deferrals made under any other plans or programs maintained
                by the
                Company.





1.11
            “Section
                409A”
                means Section 409A of the Code, or any successor section under the
                Code,
                as amended and as interpreted by final or proposed regulations promulgated
                thereunder from time to time.





1.12
            “Separation
                from Service”
                means the death, Retirement or other termination of employment with
                the
                Company as defined for purposes of Section 409A of the
                Code.





1.13
            “Total
                Shareholder Return”
                means the total percentage return realized by the owner of a share
                of
                stock during a relevant Year or any part thereof. Total Shareholder
                Return
                is equal to the appreciation or depreciation in value of the stock
                (which
                is equal to the closing value of the stock on the last trading day
                of the
                relevant period minus the closing value of the stock on the last
                trading
                day of the preceding Year) plus the dividends declared during the
                relevant
                period, divided by the closing value of the stock on the last trading
                day
                of the preceding Year.





1.14
            “Year”
                means a calendar year.





**Section
      2. Sub-Plan Participation and Awards**





2.1  Participant
      Selection .
      Participants under this Sub-Plan shall be selected by the Committee in its
      sole
      discretion as provided in Section 4.2 of the Sponsor of the Plan.








2.2  Awards .
      Subject
      to any adjustments to be made under Section 2.5, the Compensation Committee
      may,
      in its sole discretion, grant Awards to some or all of the Participants in
      the
      form of a specific number of Performance Shares. The target and maximum value
      of
      any Award granted to any Participant in any calendar Year will be based upon
      the
      following:




Participant
            Target
                Award
            Maximum
                AwardCEO*
            290%
                of Salary
            362.5%
                of SalaryCOO*
            200%
                of Salary
            250%
                of SalaryPresidents*/Executive
                VPs*
            133%
                of Salary
            166.25%
                of SalarySenior
                VPs*
            110%
                of Salary
            137.5%
                of SalaryVP/Department
                Heads**
              Level
                I
              Level
                II
              Level
                III
            100%
                of Salary
              80%
                of Salary
              60%
                of Salary
            125%
                of Salary
              100%
                of Salary
              75%
                of SalaryKey
                Managers
            55%
                of Salary
            68.75%
                of Salary


*
      Senior
      Management Committee level position


**Levels
      shall be determined in the sole discretion of the Committee





2.3  Award
      Valuation at Grant .
      In
      calculating the value of an Award for purposes of Section 2.2, the value of
      each
      Performance Share shall be equal to the closing price of a share of Stock on
      the
      last trading day of the Year before the Performance Period begins. The
      Participant’s Salary shall be determined as of the January 1 preceding the date
      the Award is granted, or such other time as is determined in the discretion
      of
      the Committee. Each Award is deemed to be granted on the day that it is approved
      by the Committee.





2.4  Accounting
      and Adjustment of Awards .
      The
      number of Performance Shares awarded to a Participant shall be recorded in
      a
      separate Account for each Participant. The number of Performance Shares recorded
      in a Participant’s Account shall be adjusted to reflect any splits or other
      adjustments in the Stock. If any cash dividends are paid on the Stock, the
      number of Performance Shares in each Participant’s Account shall be increased by
      a number equal to (i) the dividend multiplied by the number of Performance
      Shares in each Participant’s Account, divided by (ii) the closing price of a
      share of Stock on the payment date of the dividend. No adjustment shall be
      made
      to any outstanding Awards of a Retired Participant for cash dividends paid
      on
      Stock during the Performance Period following the Retirement of the
      Participant.





2.5  Performance
      Schedule and Calculation of Awards .
      Except
      as otherwise provided, each Award shall become vested on January 1 immediately
      following the end of the applicable Performance Period, subject to adjustment
      in
      accordance with the following procedure. In no event shall such date be
      construed to be earlier than January 1 immediately following the end of the
      applicable Performance Period:




(a)  One-half
      of the Award shall be adjusted as follows:





(i)  The
      Total
      Shareholder Return for the Company shall be determined for each Year during
      the
      Performance Period, and shall then be averaged (the “Company TSR”).





(ii)  The
      average Total Shareholder Return for the Peer Group utilities shall be
      determined for each Year during the Performance Period, and shall then be
      averaged ( the “Peer Group TSR”). The two highest and two lowest performing
      utilities within the Peer Group shall be excluded for purposes of determining
      the Peer Group TSR.





(iii)  The
      Peer
      Group TSR for the Performance Period shall be subtracted from the Company TSR
      for the Performance Period. The remainder shall then be used to determine the
      number of vested Performance Shares using the Performance Schedule, based on
      one-half of the number of Performance Shares in the Participant’s
      Account.





(b)  The
      other
      one-half of the Award shall be adjusted as follows:





(i)  The
      EBITDA Growth for the Company shall be determined for each Year during the
      Performance Period, and shall then be averaged (the “Company EBITDA
      Growth”).





(ii)  The
      average EBITDA Growth for the Peer Group utilities shall be determined for
      each
      Year during the Performance period, and shall be averaged (the “Peer Group
      EBITDA Growth”). The two highest and two lowest performing utilities within the
      Peer Group shall be excluded for purposes of determining the Peer Group EBITDA
      Growth.





(iii)  The
      Peer
      Group EBITDA Growth for the Performance Period shall be subtracted from the
      Company EBITDA Growth for the Performance Period. The remainder shall then
      be
      used to determine the number of vested Performance Shares using the Performance
      Schedule, based on one-half of the number of Performance Shares in the
      Participant’s Account.





(c)  Except
      as
      provided in Section 3, the total number of vested Performance Shares payable
      to
      the Participant shall be the sum of the amounts determined in accordance with
      subsections (a) and (b) above.





(d)  The
      Performance Measures and the Performance Schedule will not change during any
      Performance Period with regard to any Awards that have already been granted.
      The
      Committee reserves the right to modify or adjust the Performance Measures and/or
      the Performance Schedule in the Committee’s sole discretion with regard to
      future grants.








2.6  Payment
      Options .
      Except
      as provided in Section 3, Awards shall be paid after expiration of the
      Performance Period. The Company will issue one share of Stock in payment for
      each vested Performance Share (rounded to the nearest whole Performance Share)
      credited to the Account of the Participant. Payment shall be made as
      follows:





(a)  100%
      during the month of April of the Year immediately following expiration of the
      Performance Period, or as soon as practicable thereafter; or





(b)  in
      accordance with an alternative payment election made by Participant
      substantially in the form attached hereto as Attachment 2, provided that such
      election is executed by the Participant and returned to the Vice President,
      Human Resources Department no later than the end of the first Year of the
      Performance Period. Once made, this election shall be irrevocable except as
      may
      be permitted by rules promulgated under Section 409A and allowed by the
      Committee. A deferral election may only be made by a Participant who is employed
      as a Department Head or in a higher position on the date the deferral election
      is solicited. Awards that are deferred pursuant to this Section 2.6(b) are
      referred to herein as “Deferred Awards.”





2.7  Grantor
      Trust .
      In the
      case of a Change in Control, the Company shall, subject to the restrictions
      in
      this Section 2.7 and Section 13.12 of the Plan, irrevocably set aside shares
      of
      Stock or cash in one or more such grantor trusts in an amount that is sufficient
      to pay each Participant employed by such Company (or Designated Beneficiary),
      the net present value as of the date on which the Change in Control occurs,
      of
      the earned benefits to which Participants (or their Designated Beneficiaries)
      would be entitled pursuant to the terms of the Plan if the value of their
      deferral account (if any) established pursuant to section 2.6(b) would be paid
      in a lump sum upon the Change in Control. Any such trust shall be subject to
      the
      claims of the general creditors of the Sponsor or Company in the event of
      bankruptcy or insolvency of the Sponsor or Company. Notwithstanding the
      foregoing provisions of this Section 2.7, the Company shall establish no such
      trust if the assets thereof shall be includable in the income of Participants
      thereby pursuant to Section 409A(b).





**Section
      3. Early Vesting and Forfeiture**





3.1  Retirement,
      Death or Divestiture .
      If the
      Participant Retires or dies prior to expiration of the Performance Period,
      or
      terminates employment as the result of a Divestiture during a Performance
      Period, any outstanding Awards of the Participant for any unexpired Performance
      Period shall immediately become vested. Payment of the outstanding Awards of
      such Participant shall be subject to the following special
      provisions:





(a)  In
      the
      event of the Retirement of the Participant, the Participant’s outstanding Awards
      shall be adjusted in accordance with Section 2.5 and paid in accordance with
      Section 2.6 following the end of the Performance Period for the Award; provided,
      that if the Participant has elected to defer payment until a specified date
      certain and Retires before the date specified in the deferral election, the
      Company will commence distribution of the Deferred Award as soon as practicable
      on or after the later of: (i) the April 1 following the first anniversary of
      the
      date of Retirement, or (ii) the April 1 of the year following the end of the
      Performance Period, even though said date is earlier than the date specified
      in
      the deferral election. If the Participant dies following Retirement but prior
      to
      the expiration of the Performance Period, the Participant’s outstanding Awards
      shall be adjusted and paid in accordance with Section 3.3.








(b)  In
      the
      event of the death of the Participant, or termination of employment as the
      result of a Divestiture during a Performance Period, the Participant’s
      outstanding Awards shall be adjusted and paid in accordance with Section 3.3.  3.2 
        Change
        in Control.
        In the
        event of a Change in Control prior to the expiration of the Performance Period,
        any outstanding Award of the Participant for any unexpired Performance Period
        shall be treated as follows:




(a)  If
      the
      Award is assumed by the successor to the Sponsor as of the date of the Change
      in
      Control, each outstanding Award not previously forfeited shall continue to
      vest
      and shall be paid pursuant to the terms of this Sub-Plan; provided, however,
      that in the event the employment of the Participant is terminated by the Company
      without Cause following the Change in Control, any outstanding Award shall
      become vested as of the termination date, and the aggregate value of the Award
      shall be paid after being adjusted in accordance with Section 3.3.





(b)  If
      the
      Award is not assumed by the successor to the Sponsor as of the date of the
      Change in Control, any outstanding Award shall become vested as of the date
      of
      the Change in Control, and the aggregate value of the Award shall be paid after
      being adjusted in accordance with Section 3.3.





3.3  Adjustment
      and Payment of Awards .
      Any
      Award which is vested prior to the end of the Performance Period due to the
      death of the Participant, termination of employment as a result of a Divestiture
      a Change in Control during the Performance Period, or becomes payable upon
      death
      following Retirement pursuant to Section 3.1(a) above shall be adjusted and
      paid
      pursuant to the following procedure:





(a)  One-half
      of the Award shall be adjusted as follows:





(i)  The
      Company TSR shall be determined for each Year or partial Year, and a weighted
      average Company TSR shall be calculated for the period between the first day
      of
      the Performance Period and the date the Participant dies, the date of
      termination as a result of the Divestiture or the date that the Award is vested
      pursuant to Section 3.2 (the “Prorated Company TSR”).








(ii)  The
      average Peer Group TSR shall be determined for each Year or partial Year, and
      a
      weighted average Peer Group TSR shall be calculated for the period between
      the
      first day of the Performance Period and the date the Participant dies, the
      date
      of termination as a result of the Divestiture or the date that the Award is
      vested pursuant to Section 3.2 (the “Prorated Peer Group TSR”). The two highest
      and two lowest performing utilities within the Peer Group shall be excluded
      for
      purposes of determining the Peer Group TSR.





(iii)  The
      Prorated Peer Group TSR for the Performance Period shall be subtracted from
      the
      Prorated Company TSR for the Performance Period. The remainder shall then be
      used to determine the vested Performance Shares using the Performance Schedule,
      based on one-half of the number of Performance Shares in the Participant’s
      Account.





(b)  The
      other
      one-half of the Award shall be adjusted as follows:





(i)  The
      Company EBITDA Growth shall be determined for each Year or partial Year, and
      a
      weighted average Company EBITDA Growth shall be calculated for the period
      between the first day of the Performance Period and the end of the calendar
      quarter immediately preceding the date the Participant dies, the date of
      termination as a result of the Divestiture or the date that the Award is vested
      pursuant to Section 3.2 (the “Prorated Company EBITDA Growth”).





(ii)  The
      average Peer Group EBITDA Growth shall be determined for each Year or partial
      Year, and a weighted average Peer Group EBITDA Growth shall be calculated for
      the period between the first day of the Performance Period and the end of the
      calendar quarter immediately preceding the date the Participant dies, the date
      of termination as a result of the Divestiture or the date that the Award is
      vested pursuant to Section 3.2 (the “Prorated Peer Group EBITDA Growth”). The
      two highest and two lowest performing utilities within the Peer Group shall
      be
      excluded for purposes of determining the Peer Group EBITDA Growth.





(iii)  The
      Prorated Peer Group EBITDA Growth for the Performance Period shall be subtracted
      from the Prorated Company EBITDA Growth for the Performance Period. The
      remainder shall then be used to determine the vested Performance Shares using
      the Performance Schedule, based on one-half of the number of Performance Shares
      in the Participant’s Account.













(c)  The
      total
      number of vested Performance Shares payable to the Participant shall be the
      sum
      of the amounts determined in accordance with subsections (a) and (b)
      above.




(d)  In
      the
      event of the death of the Participant, payment shall be made within a reasonable
      time after the Participant dies to the Participant’s Designated Beneficiary. In
      the event of the termination of employment of the Participant as a result of
      a
      Divestiture payment shall be made within a reasonable time after the date of
      termination. If the Award vests pursuant to Section 3.2, the Award shall be
      paid
      within a reasonable time after the date of vesting. However, with respect to
      Deferred Awards, if the Participant is a “key employee” as defined in Section
      416(i) of the Code (but determined without regard to paragraph 5 thereof or
      the
      50 employee limit on the number of officers treated as key employees), payment
      shall not be made before the date that is six months after the date of
      Separation from Service (or, if earlier, the date of death of the Participant)
      and the amount of any payment made in cash ( *i.e.,* with
      respect to Awards granted prior to January 1, 2005) shall be based upon the
      value of the Performance Shares as determined by reference to the closing price
      of the Stock on the trading day occurring on or next following the date that
      is
      six months after the date of Separation from Service of the Participant (or,
      if
      earlier the date of death of the Participant). If the Award vests pursuant
      to
      Section 3.2(b), the Award shall be paid within a reasonable time after the
      date
      of vesting, notwithstanding any election under Section 2.6. The Company will
      issue one share of Stock in payment for each Performance Share (rounded to
      the
      nearest whole Performance Share) credited to the Account of the Participant.





3.4  Termination
      of Employment .
      In the
      event that a Participant’s employment with the Company terminates for any reason
      other than as provided in this Section 3, any Award made to the Participant
      which has not vested as provided in Section 2 or Section 3 shall be forfeited.
      Provided such termination is Separation from Service, any vested Awards shall
      be
      paid within a reasonable time after Separation (for reasons other than
      Retirement), notwithstanding any election to defer the payment of any Award
      under Section 2.6. However, with respect to Deferred Awards, if the Participant
      is a “key employee” as defined in Section 416(i) of the Code (but determined
      without regard to paragraph 5 thereof or the 50 employee limit on the number
      of
      officers treated as key employees), payment shall not be made before the date
      that is six months after the date of Separation from Service for any reason
      including Retirement (or, if earlier, the date of death of the Participant)
      and
      the amount of any payment made in cash ( *i.e.,* with
      respect to Awards granted prior to January 1, 2005) shall be based upon the
      value of the Performance Shares as determined by reference to the closing price
      of the Stock on the trading day occurring on or next following the date that
      is
      six months after the date of Separation from Service of the Participant (or,
      if
      earlier the date of death of the Participant).

















**Section
      4. Non-Assignability of Awards**





The
      Awards and any right to receive payment under the Plan and this Sub-Plan may
      not
      be anticipated, alienated, pledged, encumbered, or subject to any charge or
      legal process, and if any attempt is made to do so, or a Participant becomes
      bankrupt, then in the sole discretion of the Committee, any Award made to the
      Participant which has not vested as provided in Sections 2 and 3 shall be
      forfeited.





**Section
      5. Amendment and Termination**





This
      Sub-Plan shall be subject to amendment, suspension, or termination as provided
      in the Plan. No action to amend, suspend or terminate this Sub-Plan shall permit
      the acceleration of the time or schedule of the payment of any Award granted
      under this Sub- Plan (except as provided in regulations under Section
      409A).





**Section
      6. Section 409A**





This
      Sub-Plan shall be administered in compliance with Section 409A.








IN
      WITNESS WHEREOF, this instrument has been executed this 15th day of December,
      2006.





PROGRESS
      ENERGY, INC.








By:
/s/ Robert
      B. McGehee


Robert B. McGehee


Chief
      Executive Officer









































ATTACHMENT
        1
 
 **PERFORMANCE
        SCHEDULE**
 
 **PERFORMANCE
        SHARE CALCULATION** **1**
 
 
 The
        following table shall be used to adjust one half of the Participant’s Award in
 accordance
        with Section 2.5(a) or Section 3.4(a) of the Plan:
 
 *If
                  the Company TSR**2**minus*
                *the
                  Peer Group TSR**2**is:*
              *Then
                  the 50% of the vested*
                *Performance
                  Share Award*
                *shall
                  be multiplied by:*5%
                  or better
              2.004.0
                  - 4.99
              1.753.0
                  - 3.99
              1.502.0
                  - 2.99
              1.251.0
                  - 1.99
              1.00(0.99)
                  - 0.99
              .50(1.0)
                  - (1.99)
              .25(2.0)
                  or less
              0.00
 
 The
        following table shall be used to adjust one half of the Participant’s Award in
 accordance
        with Section 2.5(b) or Section 3.3(b) of the Plan:
 
 *If
                  the Company EBITDA Growth**2**minus*
                *the
                  Peer Group EBITDA Growth**2**is:*
              *Then
                  the 50% of the vested*
                *Performance
                  Share Award*
                *shall
                  be multiplied by:*5%
                  or better
              2.004.0
                  - 4.99
              1.753.0
                  - 3.99
              1.502.0
                  - 2.99
              1.251.0
                  - 1.99
              1.000.00
                  - 0.99
              .50Less
                  than 0
              0
 
 1  The
        number of Performance Shares as calculated above shall be paid in accordance
        with the provisions of
 Section
        2.5 and 2.6 of this Sub-Plan.
 
 2 For
        purposes of Section 3, the Prorated Company TSR and EBITDA Growth and Prorated
        Peer Group TSR
 and
        EBITDA Growth shall be used, and the number of Performance Shares as calculated
        above shall be paid in accordance with the provisions of the
        Sub-Plan.











ATTACHMENT
        2
 
 **PERFORMANCE
        SHARE SUB-PLAN**
 **200_
        DEFERRAL ELECTION FORM**
 
 As
        a
        Participant in the Performance Share Sub-Plan of the 2002 Equity Incentive
        Plan
        ("Sub-Plan"), I hereby elect to defer payment of my Award otherwise payable
        to
        me by the Company and attributable to services to be performed by me during
        the
        Performance Period beginning on January __, 200__. This election shall apply
        to *[CHECK
        ONE]* :
 
 [
        ]  100%
        of
        the Award    [
        ] 50%
        of the Award
 [
        ]  75%
        of
        the
        Award [
        ] 25%
        of the Award
 
 Upon
        vesting, I understand that my Award shall continue to be recorded in my Account
        as Performance Shares as described in the Sub-Plan and adjusted to reflect
        the
        payment and reinvesting of the Company’s common stock dividends over the
        deferral period, until paid in full.
 
 I
        hereby
        elect to defer receipt (or commencement of receipt) of my Award until the
        date
        specified below, or as soon as practical thereafter *[CHECK ONE]:**
 
 [
        ]  a
        specific date certain at least 5 years from expiration of
        the
        Performance Period:       4 / 1
        /
 (month/day/year)
 [ ]  the
          April
          1 following the date of Retirement, or if later, the date which is six
          months
          after the date of my Separation from Service for any reason (including
          Retirement),
 if I am a “key employee” as defined in Section 416(i) of the Code (but
          determined without regard to paragraph 5 thereof or the 50 employee limit
          on the
          number of
 officers treated as key employees).
  [
        ]  the
        April
        1 following the first anniversary of my date of Retirement
 
 *
        Notwithstanding any election above, if I elect a date certain distribution
        and I
        Retire before that date certain, I understand that the Company will commence
        distribution of my Account as soon as practicable on or after the later of:
        (i)
        the April 1 following the first anniversary of the date of Retirement, or
        (ii)
        the April 1 of the year following the end of the Performance Period, even
        though
        said date is earlier than 5 years from the expiration of the Performance
        Period.
 
 I
        hereby
        elect to be paid as described in the Sub-Plan in the form of *[CHECK
        ONE]:*
 
 [
        ]  a
        single
        payment  [
        ]  annual
        payments commencing on the date set forth above and payable
 on
        the anniversary date thereof over:
 
 [
        ] a two
        year period [ ] a three year period
 [ ] a four year period [ ] a five year period
 
 I
        understand that I will receive “earnings” on those deferred amounts when they
        are paid to me.
 
 I
        understand that the election made as indicated herein is irrevocable and
        that
        all deferral elections are subject to the provisions of the Sub-Plan, including
        provisions that may affect timing of distributions.
 
 I
        understand that this deferral election is subject to the requirements of
        Section
        409A of Code, and regulations and other guidance issued thereunder. The Company
        makes no representation or guarantee that any tax treatment, including, but
        not
        limited to, federal, state and local income, or estate and gift tax treatment,
        will be applicable with respect to the amounts deferred. The Company shall
        have
        no responsibility for the tax consequences that I may incur as a result of
        Section 409A, regulations or guidance issued thereunder, or any other provision
        of the Internal Revenue Code. I understand it is my responsibility to consult
        a
        legal or tax advisor regarding the tax effects of this deferral election.
        I
        further acknowledge and agree that the Company may (but shall not be required
        to) modify this election as necessary to comply with Section 409A and any
        guidance or regulations issued thereunder. I further agree to cooperate in
        any
        manner necessary to ensure that this election is in compliance with Section
        409A
        and any guidance or regulations issued thereunder.
 
 I
        understand and acknowledge that my interests herein and my rights to receive
        distribution of the deferred amounts may not be anticipated, alienated, sold,
        transferred, assigned, pledged, encumbered, or subjected to any charge or
        legal
        process, and if any attempt is made to do so, or I become bankrupt, my interest
        may be terminated by the Committee, in its sole discretion, may cause the
        same
        to be held or applied for the benefit of one or more of my dependents or
        make
        any other disposition of such interests that it deems appropriate. I further
        understand that nothing in the Sub-Plan shall be interpreted or construed
        to
        require the Company in any manner to fund any obligation to me, or to my
        beneficiary(ies) in the event of my death.
 
 
 
 (Signature)       (Date)
  
 (Print
        Name)       (Company
        Location)
 
 Received:
 Agent
        of
        Chief Executive Officer
 
 
 (Signature)       (Date)