Exhibit
        10.60

      Building
        Materials Holding Corporation

    

     

    Executives’
      Supplemental

    Retirement
      Income Plan

     

    (Amended
      and
      Restated 2007, Effective as of January 1, 2005)

     

     

    
      TAX
        ADVICE
        DISCLAIMER: Any statements regarding tax matters made herein, including any
        attachments, cannot be relied upon by any person to avoid tax penalties and
        are
        not intended to be used or referred to in any marketing or promotional
        materials. To the extent this communication contains a tax statement or tax
        advice, Holme Roberts & Owen LLP does not and will not impose any limitation
        on disclosure of the tax treatment or tax structure of any transactions to
        which
        such tax statement or tax advice relates.


    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Table
      of
      Contents

    

      
        	 	 	
                Page

              
	 	 	 
	
                 

              	
                ARTICLE
                  1. DEFINITIONS

              	
                 

              
	
                1.1

              	
                Account

              	
                1

              
	
                1.2

              	
                Base
                  Salary

              	
                1

              
	
                1.3

              	
                Beneficiary

              	
                2

              
	
                1.4

              	
                Board
                  of
                  Directors

              	
                2

              
	
                1.5

              	
                Change
                  in
                  Control

              	
                2

              
	
                1.6

              	
                Code

              	
                2

              
	
                1.7

              	
                Committee

              	
                2

              
	
                1.8

              	
                Company

              	
                2

              
	
                1.9

              	
                Company
                  Contributions

              	
                2

              
	
                1.10

              	
                Disability

              	
                3

              
	
                1.11

              	
                Early
                  Retirement Date

              	
                3

              
	
                1.12

              	
                Effective
                  Date

              	
                3

              
	
                1.13

              	
                Executive

              	
                3

              
	
                1.14

              	
                ERISA

              	
                3

              
	
                1.15

              	
                Hardship

              	
                3

              
	
                1.16

              	
                Interest
                  Credit

              	
                4

              
	
                1.17

              	
                Key
                  Employee

              	
                4

              
	
                1.18

              	
                Liquidation

              	
                4

              
	
                1.19

              	
                Normal
                  Retirement Date

              	
                4

              
	
                1.20

              	
                Participant

              	
                4

              
	
                1.21

              	
                Participant

              	
                4

              
	
                1.22

              	
                Plan

              	
                4

              
	
                1.23

              	
                Plan
                  Year

              	
                4

              
	
                1.24

              	
                Regulations

              	
                4

              
	
                1.25

              	
                Separation
                  from Service

              	
                4

              
	
                1.26

              	
                Service

              	
                5

              
	
                1.27

              	
                Trust
                  or
                  Trust Agreement

              	
                5

              
	
                1.28

              	
                Trust
                  Fund

              	
                5

              
	
                1.29

              	
                Trustee

              	
                5

              
	
                1.30

              	
                Year
                  of
                  Service

              	
                5

              
	 	 	 
	
                 

              	
                ARTICLE
                  2. ELIGIBILITY

              	
                 

              
	
                2.1

              	
                Eligibility
                  Requirements

              	
                5

              
	
                2.2

              	
                Lapse
                  of
                  Eligibility

              	
                5

              
	
                2.3

              	
                Non-Competition
                  Requirement

              	
                5

              
	 	 	
                 

              
	
                 

              	
                ARTICLE
                  3. DEFERRED COMPENSATION

              	
                 

              
	
                3.1

              	
                Company
                  Contributions

              	
                6

              
	
                3.2

              	
                Interest
                  Credits

              	
                6

              


      

       

      
        
          
          

        

        
          i

          
            

          

        

        
          
          

        

      

       

      
        	 	
                ARTICLE
                  4. PAYMENT OF BENEFITS

              	
                 

              
	
                4.1

              	
                Election
                  of
                  Method of Payment

              	
                8

              
	
                4.2

              	
                Election
                  of
                  Timing of Payment

              	
                9

              
	
                4.3

              	
                Subsequent
                  Elections

              	
                10

              
	
                4.4

              	
                Payment
                  upon
                  Hardship

              	
                10

              
	
                4.5

              	
                Payment
                  Following a Change in Control

              	
                11

              
	
                4.6

              	
                Payment
                  upon
                  Death

              	
                11

              
	
                4.7

              	
                Designation
                  of Beneficiary

              	
                11

              
	
                4.8

              	
                Administration
                  of Payments

              	
                11

              
	
                4.9

              	
                Permitted
                  Acceleration of Payments

              	
                12

              
	
                4.10

              	
                Permitted
                  Delay of Payments

              	
                13

              
	 	 	
                 

              
	 	
                ARTICLE
                  5. TRUST

              	
                 

              
	
                5.1

              	
                Accounts

              	
                13

              
	
                5.2

              	
                Participants’
                  Rights Unsecured

              	
                13

              
	
                5.3

              	
                Trust
                  Agreement

              	
                13

              
	 	 	
                 

              
	 	
                ARTICLE
                  6. AMENDMENT AND TERMINATION

              	
                 

              
	
                6.1

              	
                Amendment

              	
                14

              
	
                6.2

              	
                Termination

              	
                14

              
	 	 	
                 

              
	
                 

              	
                ARTICLE
                  7. ADMINISTRATION

              	
                 

              
	
                7.1

              	
                Administration

              	
                14

              
	
                7.2

              	
                Applying
                  for
                  Benefits

              	
                14

              
	
                7.3

              	
                Liability
                  of
                  Committee; Indemnification

              	
                16

              
	
                7.4

              	
                Expenses

              	
                17

              
	 	 	 
	 	
                ARTICLE
                  8. GENERAL AND MISCELLANEOUS

              	
                 

              
	
                8.1

              	
                Rights
                  Against Company

              	
                17

              
	
                8.2

              	
                Assignment
                  or
                  Transfer

              	
                17

              
	
                8.3

              	
                Severability

              	
                17

              
	
                8.4

              	
                Construction

              	
                17

              
	
                8.5

              	
                Governing
                  Law

              	
                17

              
	
                8.6

              	
                Payment
                  Due
                  to Incompetence

              	
                18

              
	
                8.7

              	
                Taxes

              	
                18

              
	
                8.8

              	
                Insurance

              	
                18

              
	
                8.9

              	
                Attorney’s
                  Fees

              	
                18

              
	
                8.10

              	
                Plan
                  Binding
                  on Successors and Assignees

              	
                18

              


      

    

     

    
      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

    

     

    BUILDING
      MATERIALS HOLDING CORPORATION

    EXECUTIVES’
      SUPPLEMENTAL RETIREMENT INCOME PLAN

     

    Building
      Materials
      Holding Corporation, a Delaware corporation (the “Company”) hereby establishes
      an unfunded “supplemental executive retirement plan” (“SERP”) for the purpose of
      providing deferred compensation for a select group of management and highly
      compensated employees in compliance with Section 409A of the Internal Revenue
      Code, as amended (the “Code”).

     

    RECITALS

     

    WHEREAS,
      the
      Participants identified by the Compensation Committee of the Board of Directors
      of the Company, or any other committee designated by the Board of Directors
      of
      the Company to administer the Plan in accordance with Article 8 of the Plan
      (the
“Committee”), as eligible to participate in the Plan (each a “Participant,” or
      collectively the “Participants”) provide services to the Company;
      and

     

    WHEREAS,
      the
      Company desires to continue to maintain an unfunded deferred compensation plan
      and the Participants desire the Company to pay certain deferred compensation
      and/or related benefits to or for the benefit of the Participants, or a
      designated Beneficiary, or both;

     

    WHEREAS,
      the
      Company established this supplemental executive retirement plan to take the
      place of the prior Executives’ Supplemental Retirement Income Plan to provide
      for the deferral of compensation earned on or after January 1, 2005 in
      compliance with Code Section 409A.

     

    NOW,
      THEREFORE, the
      Company hereby amends and restates the Plan for the purpose of complying with
      the final regulations promulgated under Code Section 409A, which become
      effective January 1, 2008.

     

    ARTICLE 1. 
      DEFINITIONS

     

    
      	1.1  	
              Account
                means the separate account established under the Plan
                and
                the Trust for each participating Participant comprised of Company
                Contributions to the Plan plus Interest Credits. Interest Credits
                are
                applied to the Account before adding the Company Contributions for
                the
                current year. The Company shall furnish each Participant with a Statement
                of his or her Account balance at least
                annually.

            


    

     

    
      	1.2  	
              Base
                Salary means a Participant’s regular annual compensation for
                a Plan Year, determined as of the first day of that year, excluding
                bonuses, commissions, overtime, incentive payments, non-monetary
                awards,
                and other special compensation, before reduction for compensation
                deferred
                pursuant to all qualified and non-qualified plans of the Company.
                For any
                Participant whose compensation is composed of a Base Salary plus
                commissions, and whose Base Salary is less than $50,000 (or such
                other
                amount set by the Committee), the Participant’s Base Salary will be deemed
                to equal $50,000 (or such other amount set by the
                Committee).

            


    

    

      
        	
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                  SERP

              	
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        1

        
          

        

      

      
        
        

      

    

     

    
      	1.3  	
              Beneficiary
                means the beneficiary designated by the Participant
                to
                receive the Participant’s deferred compensation benefits in the event of
                his or her death.

            


    

     

    
      	1.4  	
              Board
                of Directors means the Board of Directors of the
                Company.

            


    

     

    
      	1.5  	
              Change
                in Control means the occurrence of any of the following,
                limited to the extent any such occurrence is consistent with the
                definition of a “change in ownership,” “change in effective control,”
                “change in the ownership of a substantial portion of a corporation’s
                assets” or similar event described in Code Section 409A or the
                Regulations:

            


    

     

    
      	(a)  	
              when
                any
                “person,” as such term is used in Sections 13(d) and 14(d) of the
                Securities Exchange Act of 1934 as amended (“Exchange Act”) (other than
                the Company, a Subsidiary or a Company benefit plan, including any
                trustee
                of such plan acting as trustee) is or becomes the “beneficial owner” (as
                defined in Rule 13d-3 under the Exchange Act), directly or indirectly,
                of
                securities of the Company representing fifty percent (50%) or more
                of the
                combined voting power of the Company’s then outstanding securities, where
                such person’s beneficial ownership of the Company’s securities was not
                initiated by the Company or approved by the Board of Directors;
                or

            


    

     

    
      	(b)  	
              the
                occurrence of a transaction requiring shareholder approval, and involving
                the sale of all or substantially all of the assets of the Company
                or the
                merger of the Company with or into another corporation, where such
                merger
                was not initiated by the Company and in which the Company is not
                the
                surviving parent entity; or

            


    

     

    
      	(c)  	
              a
                change in
                the composition of the Board of Directors in any 12-month period,
                as a
                result of which fewer than a majority of the directors are Incumbent
                Directors. “Incumbent Directors” means directors who are elected, or
                nominated for election, to the Board of Directors with the affirmative
                votes of at least a majority of the Incumbent Directors at the time
                of
                such election or nomination (but shall not include an individual
                whose
                election or nomination is in connection with an actual or threatened
                proxy
                contest relating to the election of directors to the
                Company).

            


    

     

    
      	1.6  	
              Code
                means the Internal Revenue Code of 1986, as amended
                from
                time to time. Reference to any Code section shall include any successor
                or
                comparable provision of the Code or application
                Regulations.

            


    

     

    
      	1.7  	
              Committee
                means the Compensation Committee of the Board of Directors
                or any other committee designated by the Board of Directors to administer
                the Plan in accordance with Article
                8.

            


    

     

    
      	1.8  	
              Company
                means Building Materials Holding Corporation, a Delaware
                Corporation, any successor organization thereto, and any corporation
                or
                other entity that must be aggregated with Building Materials Holding
                Corporation pursuant to the Code or
                Regulations.

            


    

     

    
      	1.9  	
              Company
                Contributions means the Company’s contribution to a
                Participant’s Account as determined in accordance with Section
                3.1.

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	1.10  	
              Disability
                means—

            


    

     

    
      	 	
              the
                condition
                of being unable to engage in any substantial gainful activity by
                reason of
                any medically determinable physical or mental impairment which can
                be
                expected to result in death or can be expected to last for a continuous
                period of not less than 12 months, or


            


    

     

    
      	 	
              by
                reason of
                suffering from any medically determinable physical or mental impairment
                that is expected to result in death or can be expected to last for
                a
                continuous period of not less than 12 months, receiving income replacement
                benefits for a period of not less than 3 months under an accident
                and
                health plan covering employees of the
                Company.

            


    

     

    
      	1.11  	
              Early
                Retirement Date means the date on which a Participant (who
                has not yet attained age 65) incurs a Separation from Service, having
                completed 25 Years of Service and has attained age 55 or older, or
                completes 15 Years of Service and has attained age 60 or
                older.

            


    

     

    
      	1.12  	
              Effective
                Date of this amendment and restatement means January 1,
                2005, except as otherwise
                specified.

            


    

     

    
      	1.13  	
              Executive
                means an executive or highly compensated individual
                of the
                Company or of any division, subsidiary or affiliate of the Company
                who is
                eligible to become a Participant in the Plan under Section
                3.1.

            


    

     

    
      	1.14  	
              ERISA
                means the Employee Retirement Income Security Act of
                1974,
                as amended.

            


    

     

    
      	1.15  	
              Hardship
                refers to a payment made on account of an unforeseeable
                immediate and heavy financial need of the Participant and that is
                necessary to satisfy that financial need in accordance with the
                following:

            


    

     

    
      	(a)  	
              Amount.
                The amounts distributed with respect to an emergency cannot exceed
                the
                amounts necessary to satisfy such emergency plus amounts necessary
                to pay
                taxes reasonably anticipated as a result of the payment, after taking
                into
                account the extent to which such hardship is or may be relieved through
                reimbursement or compensation by insurance or otherwise or by liquidation
                of the Participant’s assets (to the extent the liquidation of such assets
                would not itself cause severe financial
                hardship).

            


    

     

    
      	(b)  	
              Circumstances.
                Whether a Participant has an immediate and heavy financial need shall
                be
                determined by the Committee based on all relevant facts and circumstances,
                and shall refer to a severe financial hardship to the Participant
                resulting from an illness or accident of the Participant, the
                Participant’s spouse, or a dependent (as defined in Code Section 152(a))
                of the Participant; loss of the Participant’s property due to casualty; or
                other similar extraordinary and unforeseeable circumstances arising
                as a
                result of events beyond the control of the
                Participant.

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	1.16  	
              Interest
                Credit means earnings credited to a Participant’s Account as
                determined in accordance with Section
                3.2.

            


    

     

    
      	1.17  	
              Key
                Employee means an employee of the Company, who is, as
                determined under Code Section
                416(i)—

            


    

     

    
      	(a)  	
              an
                officer of
                the Company having an annual compensation greater than $130,000 (as
                adjusted),

            


    

     

    
      	(b)  	
              a
                5% owner of
                the Company, or

            


    

     

    
      	(c)  	
              a
                1% owner of
                the Company having annual compensation from the Company of more than
                $150,000,

            


    

     

    or
      as otherwise defined for purposes of Code Section 409A(a)(2)(B), to be effective
      as of the effective date of such change. For purposes of subsection (a), no
      more
      than 50 employees (or, if lesser, the greater of 3 employees or 10% of the
      employees) shall be treated as officers. The Key Employee identification date
      shall be January 1 of each Plan Year, and the Key Employee effective date shall
      be the following May 1.

     

    
      	1.18  	
              Liquidation
                means any liquidation or dissolution of the Company
                taxed
                under Code Section 331 or with approval of a bankruptcy court pursuant
                to
                United States Code Title 11,
                Section 503(b)(1)(A).

            


    

     

    
      	1.19  	
              Normal
                Retirement Date means the date on which a Participant has
                both incurred a Separation from Service and attained age 65, or such
                other
                date as specified in his or her Participation
                Agreement.

            


    

     

    
      	1.20  	
              Participant
                means, as of the date specified by the Committee, a
                person
                who is selected to participate in the Plan and has satisfied the
                conditions of Section 2.1 and has not become subject to the terms
                of
                Section 2.2, or a person who previously satisfied the conditions
                of this
                section and has an Account under the Plan. The term “Participant” includes
                a Participant’s Beneficiary where the context so
                requires.

            


    

     

    
      	1.21  	
              Participation
                Agreement means the election to participate in the Plan
                under certain terms as completed by a
                Participant.

            


    

     

    
      	1.22  	
              Plan
                means the Executives’ Supplemental Retirement Income Plan of
                Building Materials Holding Corporation, as amended from time to
                time.

            


    

     

    
      	1.23  	
              Plan
                Year means the year beginning January 1 and ending December
                31.

            


    

     

    
      	1.24  	
              Regulations
                means the rules, regulations, interpretations and procedures
                promulgated under Code Section 409A, as amended from time to
                time.

            


    

     

    
      	1.25  	
              Separation
                from Service of a director, employee or independent
                contractor of the Company has occurred when the Company and the individual
                reasonably anticipate that no services (as a director, independent
                contractor or employee) in excess of 49% of the average level of
                services
                performed over the immediately preceding 12 months will be performed
                after
                that date, regardless of the reason (other than death) for the reduction
                in services; provided that a “Separation from Service” shall not occur if
                a Participant is on bona fide leave of absence of up to 6 months
                and, if
                longer, has a contractually or statutorily protected right of
                reemployment.

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	1.26  	
              Service
                means the Participant’s service with the Company that is not
                interrupted or terminated based on the facts and
                circumstances.

            


    

     

    
      	1.27  	
              Trust
                or Trust Agreement means the Trust
                Agreement applicable to the Plan, as amended from time to time, entered
                into between the Company and the Trustee to carry out the provisions
                of
                the Plan.

            


    

     

    
      	1.28  	
              Trust
                Fund means the cash and other assets and/or properties held
                and administered by Trustee pursuant to the Trust to carry out the
                provisions of the Plan.

            


    

     

    
      	1.29  	
              Trustee
                means the designated Trustee acting at any time under
                the
                Trust. 

            


    

     

    
      	1.30  	
              Year
                of Service means any 12-consecutive-month period in which a
                Participant is in Service, commencing with the Participant’s date of hire,
                as determined by the Committee in its sole
                discretion.

            


    

     

    ARTICLE 2.
       ELIGIBILITY

     

    
      	2.1  	
              Eligibility
                Requirements. The date that an Executive is first eligible to
                participate in the Plan shall be the date of notification to the
                Executive
                by the Company. In order to participate in the Plan, the Executives
                of the
                Company selected to participate by the Company
                must—

            


    

     

    
      	 	
              belong
                to a
                select group of highly compensated or management employees within
                the
                meaning of ERISA and the
                Regulations;

            


    

     

    
      	 	
              execute
                a
                Participation Agreement in the form provided by the Committee;
                and

            


    

     

    
      	 	
              if
                the
                Company desires to purchase key man life insurance on the Participant’s
                life for its sole benefit, cooperate so that the Company may obtain
                a
                valid insurance contract.

            


    

     

    
      	2.2  	
              Lapse
                of Eligibility. In the event the Committee determines, in its
                sole discretion, that any Participant shall no longer be eligible
                to
                participate in the Plan, or no longer qualifies as a member of a
                select
                group of management or highly compensated employees of the Company,
                then
                the Participant shall cease active participation in the Plan and
                all
                contributions made on the Participant’s behalf shall cease as of the date
                determined by the Committee.

            


    

     

    
      	2.3  	
              Non-Competition
                Requirement. If a Participant has a Separation from Service
                with the Company and, without the specific written consent of the
                Company,
                accepts a position of employment or service with a competitor of
                the
                Company within 12 months of Separation from Service, Plan benefits
                will be
                limited to the lesser of (a) the Retirement Account Balance at the
                date of
                termination, and (b) the sum of Company Contributions attributable
                to the
                Participant without interest or other appreciation. If, in the sole
                discretion of the Committee, conditions warrant, the Committee may
                grant
                permission in the form of a general waiver rather than applied to
                a
                specific position.

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    ARTICLE 3.
       DEFERRED COMPENSATION

     

    
      	3.1  	
              Company
                Contributions. 

            


    

     

    
      	(a)  	
              Allocation
                to Plan. The Company Contributions allocated to the Plan
                shall be determined as follows:

            


    

     

    
      	(1)  	
              Subject
                to
                subsection (b), the Company shall allocate a portion of a percentage
                of
                after-tax earnings of the Company, as determined from time to time
                by the
                Board of Directors in its sole discretion. As of the Effective Date,
                this
                amount is 65% of 5.5% of after-tax
                earnings.

            


    

     

    
      	(2)  	
              The
                amounts
                to be allocated to the Plan may be changed by the Board of Directors
                at
                any time. The method of allocation of the funds among Participant
                Accounts
                may be changed as deemed necessary to maintain equity among Participants,
                as determined by the Committee with the approval of the Board of
                Directors. Participants will be notified of changes as soon as practicable
                after the change is adopted.

            


    

     

    
      	(b)  	
              Allocation
                Among Participants. The benefit allocation shall be made to
                each Participant’s Account in accordance with the following
                calculation:

            


    

     

    
      	(1)  	
              The
                portion
                of the Base Salary of each Participant that is in excess of $40,000
                will
                be added to obtain the total of all Participants’ Base Salaries, each only
                with respect to the portion in excess of $40,000, which shall be
                the
                denominator.

            


    

     

    
      	(2)  	
              The
                portion
                of the Base Salary of each Participant that is in excess of $40,000
                will
                be divided by the denominator calculated in subsection (b)(1) to
                obtain a
                percentage, calculated to the nearest one-hundredth
                (0.0x%).

            


    

     

    
      	(3)  	
              A
                Participant’s allocation to the Plan shall equal the percentage obtained
                in subsection (b)(2) multiplied by the Company Contributions determined
                in
                Section 3.1, up to a maximum of 30% of the Participant’s Base Salary or
                such other percentage as determined by the Committee from time to
                time.

            


    

     

    
      	3.2  	
              Interest
                Credits . Subject to Article 4, Interest Credits shall be
                determined according to the Participant’s Years of Service and the
                applicable method of payment, as determined under this
                section.

            


    

     

    
      	(a)  	
              Prior
                to Commencement of Payment. The Company shall credit each
                Participant’s Account with a simple interest rate, expressed as an annual
                rate, as of January 1 of each year, which rate may be changed by
                the
                Committee from time to time. As of the Effective Date, with respect
                to
                Accounts that have not yet commenced payment under Article 4, the
                rates
                applicable to Account accruals are as
                follows:

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      
        	
                Participant

                Classification 

              	 	
                Years
                  of Service 

              	 	
                Interest
                  Credit Rate 

              
	
                Active
                  Employees

              	 	
                —

              	 	
                7.0%

              
	
                Inactive
                  Employees

              	 	
                Fewer
                  than
                  5

              	 	
                0.0% 

              
	
                 

              	 	
                At
                  least 5,
                  but fewer than 10 

              	 	
                1.5% 

              
	
                 

              	 	
                At
                  least 10,
                  but fewer than 15

              	 	
                3.0% 

              
	
                 

              	 	
                 At
                  least 15, but fewer than 20

              	 	
                4.0%

              
	
                 

              	 	
                 At
                  least 20, but fewer than 25 

              	 	
                5.0% 

              
	
                 

              	 	
                 25
                  or
                  more 

              	 	
                6.0%

              


      

    

    


    The
      rates will be
      reviewed by the Committee each February. Any changes will be effective for
      the
      January 1 balance of the same year. 

     

    
      	(b)  	
              After
                Commencement of Payment. After the payment of installments
                has commenced in accordance with Participant’s election under Section 3.3,
                the Company shall continue to credit each affected Participant’s Account
                with a simple interest rate, expressed as an annual rate, as of January
                1
                of each year. As of the Effective Date, the rates applicable to the
                method
                of payment elected are as follows:

            


    

     

    
      	(1)  	
              General
                Rule. Subject to subsection (b)(2), the Interest Credit rate
                applicable to each method of payment shall be determined by the number
                of
                Years of Service completed by the Participant prior to his or her
                Separation from Service and the method of payment elected by the
                Participant, as follows:

            


    

     

    
      
        	
                Participant
                  Classification or Event

              	 	
                Monthly
Installment
Period
Available

              	 	
                Corresponding
Interest
                  Credit
Rate

              
	
                Participants
                  having a Separation from Service—

                - - after
                  completing at least 25 Years of Service, or

                - - after
                  the
                  Participant’s Normal Retirement Date

              	 	
                15
                  years

              	 	
                9.0%

              
	
                - - after
                  completing at least 25 Years of Service

              	 	
                10
                  years

              	 	
                8.0%

              
	 	 	
                5
                  years

              	 	
                7.0%

              
	
                - - prior
                  to
                  completing 25 Years of Service

              	 	
                15
                  years

              	 	
                6.0%

              
	 	 	
                10
                  years

              	 	
                5.0%

              
	 	 	
                5
                  years

              	 	
                4.0%

              


      

    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	(2)  	
              Disability
                or Death. In the event of the Participant’s Disability or death
                prior to the commencement of Plan payments, the Participant’s Account
                shall be payable in monthly installments over 5 years, and the applicable
                Interest Credit rate shall be determined as
                follows:

            


    

     

    
      
        	
                Participant
                  Classification or Event

              	 	
                Monthly
Installment
Period
Available

              	 	
                Corresponding
Interest
                  Credit
Rate

              
	
                Participant’s
                  Disability or death—

                -  while
                  in
                  Service, or

                -  after
                  completing at least 25 Years of Service 

              	 	
                5
                  years

              	 	
                9.0%

              
	
                -   
prior
                  to
                  completing 25 Years of Service 

              	
              	
                5
                  years

              	
              	
                6.0%

              


      

    

     

    
      	(c)  	
              Interest
                Calculations. The computations of future values, present
                values or installment payments shall use the “end of period” assumption
                for the first payment.

            


    

     

    
      	(d)  	
              Conditions
                on Inclusion of Interest Credits. No Interest Credits shall
                be payable under the Plan if (i) the Participant has a Separation
                from
                Service prior to his Normal Retirement Date by reason of fraudulent
                or
                dishonest conduct, or (ii) the Participant has violated the non-compete
                provisions of Section 2.3, each as determined according to the Committee
                in its sole discretion.

            


    

     

    ARTICLE 4.
       PAYMENT OF BENEFITS

     

    
      	4.1  	
              Election
                of Method of Payment. 

            


    

     

    
      	(a)  	
              Affirmative
                Election. No later than 30 days after first becoming
                eligible for the Plan, each Participant shall submit an election
                of the
                method of payment applicable to the Participant’s entire Account.
                Participants may choose among the following methods of payment in
                accordance with the form provided by the
                Committee:

            


    

     

    
      	(1)  	
              a
                single lump
                sum payment, or

            


    

     

    
      	(2)  	
              monthly
                installments over a designated period of 5, 10 or 15 years, which
                election
                shall affect the Interest Credits that may be credited to the
                Participant’s Account in accordance with Section 3.2, and which
                installments shall each be treated as a separate payment for purposes
                of
                subsequent elections.

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      	(b)  	
              Transition
                Period Elections. Prior to January 1, 2008, a Participant
                shall be permitted to revoke or revise the designated method of payment
                applicable to the Participant’s entire Account (including amounts earned
                before and after January 1, 2008). The revised election shall
                designate a time of payment described in subsection (b) according
                to
                procedures established by the Committee, provided that no change
                in the
                timing of payment shall result in acceleration of any payment to
                the year
                in which the revised election is made or delay of any payment otherwise
                payable in the year in which the election is
                made.

            


    

     

    
      	(c)  	
              Default
                Election. In the event the Participant fails properly to
                designate the method of payment, subject to a subsequent election
                made
                under Section 4.3, such amounts shall be payable in the form of monthly
                installments over 5 years. After the commencement of payments, Interest
                Credits shall apply to the Account according to the rate applicable
                to the
                5-year monthly installment period.

            


    

     

    
      	4.2  	
              Election
                of Timing of Payment. 

            


    

     

    
      	(a)  	
              Affirmative
                Election. By the later of the date that is 30 days after
                first becoming eligible for the Plan and January 1, 2008, each Participant
                shall submit an election of the timing of payment applicable to his
                or her
                entire Account.

            


    

     

    Prior
      to January 1,
      2008, a Participant shall be permitted to revoke or revise the designated timing
      of payment applicable to his or her Account. The revised election shall
      designate a time of payment in accordance with subsection (b), provided that
      no
      change in the timing of payment shall result in acceleration of any payment
      to
      the year in which the revised election is made or delay of any payment otherwise
      payable in the year in which the election is made.

     

    
      	(b)  	
              Timing.
                Participants may choose among the following times for payment in
                accordance with the procedures established by the
                Committee:

            


    

     

    
      	(1)  	
              the
                Participant’s Separation from Service following his or her Early
                Retirement Date (if eligible) or Normal Retirement Date (if not eligible
                for an Early Retirement Date);

            


    

     

    
      	(2)  	
              a
                specified
                age of the Participant, as elected by the Participant, that is on
                or after
                his or her Early Retirement Date (if eligible) or Normal Retirement
                Date
                (if not eligible for an Early Retirement
                Date);

            


    

     

    
      	(3)  	
              upon
                one of,
                as elected by the Participant—

            


    

     

    
      	(A)  	
              the
                earlier to occur of the events in subsections (b)(1) and
                (b)(2), or

            


    

     

    
      	(B)  	
              the
                later to occur of the events in subsections (b)(1) and
                (b)(2).

            


    

     

    In
      the event payment is made due to Separation from Service, in the case of a
      Key
      Employee, payment shall commence no earlier than the date that is 6 months
      after
      the date of Separation from Service. The initial payment shall be equal to
      the
      payments that would have been paid to the Key Employee had no 6-month delay
      applied, together with any Interest Credits as applied in the sole discretion
      of
      the Committee.

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    
      	(c)  	
              Default
                Election. In the event the Participant fails properly to
                designate the timing of payment, subject to a subsequent election
                made
                under Section 4.3, his or her Account shall be payable upon Separation
                from Service after Early Retirement Date, if the Participant is eligible,
                or if not, the Participant’s Normal Retirement
                Date.

            


    

     

    
      	(d)  	
              Other
                Payment Events. Notwithstanding the Participant’s elected
                timing of payment, the Company shall commence payment upon the earliest
                to
                occur of the following events:

            


    

     

    
      	(1)  	
              the
                Participant’s Hardship as provided in Section
                4.4;

            


    

     

    
      	(2)  	
              a
                Change in
                Control of the Company as provided in Section
                4.5;

            


    

     

    
      	(3)  	
              the
                Participant’s Disability, as determined by the Committee in its sole
                discretion, according to the Participant’s elected method of payment; or
                

            


    

     

    
      	(4)  	
              the
                Participant’s death, according to the Participant’s elected method of
                payment.

            


    

     

    
      	4.3  	
              Subsequent
                Elections. Subject to Sections 4.1, 4.2, 4.9 and 4.10, a
                Participant may not accelerate the method or timing of any payment
                under
                the Plan, except as provided in the Regulations. Any change to an
                election
                regarding the timing or method of payment must satisfy the following
                conditions:

            


    

     

    
      	(a)  	
              the
                subsequent election to delay a payment must be made no later than
                12
                months prior to the date of the first scheduled payment;
                and

            


    

     

    
      	(b)  	
              the
                first
                payment must be deferred for a period of at least 5 years from the
                date
                the payment would otherwise have been
                made.

            


    

     

    In
      the case of a subsequent election to change the timing of monthly installments,
      each subsequent election will apply to the installments to be made over a
      12-month period, starting with the first installment designated by the
      Participant’s subsequent election.

     

    If
      such subsequent election does not satisfy the conditions specified in this
      section, the prior election shall be used to determine the method and timing
      of
      payment. The last effective election accepted and acknowledged by the Committee
      shall govern the payment of the Participant’s Account. Elections under this
      subsection will not affect the method or timing of payments made on account
      of
      Hardship, Disability or death except as otherwise provided in this
      article.

     

    
      	4.4  	
              Payment
                upon Hardship. A Participant may apply for payment from his
                or her Account to the extent that the Participant demonstrates to
                the
                reasonable satisfaction of the Committee that he or she needs the
                specified funds due to Hardship. The Committee may deny or approve
                all or
                any portion of a payment upon Hardship upon terms permitted under
                the Code
                and Regulations, as determined in its sole
                discretion.

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    
      	4.5  	
              Payment
                Following a Change in
                Control.

            


    

     

    
      	(a)  	
              Separation
                from Status Following a Change in Control. In the event a
                Participant has a Separation from Service for any reason at the time
                of or
                within a 2-year period following a Change in Control, then the Participant
                shall be entitled to receive payment of his or her Account balance
                in a
                lump sum payment.

            


    

     

    
      	(b)  	
              Payments
                Commenced. Following a Change in Control, any Participant
                (or Beneficiary thereof) already receiving payments under the Plan
                shall
                continue to receive the balance of the Participant’s Account, paid
                according to the method elected by the Participant, subject to the
                acceleration of payment pursuant to a termination and liquidation
                of the
                Plan pursuant to Section 4.9(e).

            


    

     

    
      	(c)  	
              Payment
                Delayed. In the case of a Key Employee, any payment made on
                account of a Separation from Service following a Change in Control
                shall
                not be made until a date that is 6 months after the date of such
                Separation from Service. The initial payment shall be equal to the
                payments that would have been paid to the Key Employee had no 6-month
                delay applied, together with any earnings on such amount as applied
                in the
                sole discretion of the Committee.

            


    

     

    
      	4.6  	
              Payment
                upon Death. Upon a Participant’s death, the Participant’s
                Beneficiary will be entitled to receive the balance of the future
                payments
                of the Participant’s Account according to the method of payment elected by
                the Participant. If the Participant has received all of the scheduled
                payments prior to his or her death, no further benefits shall be
                due under
                the Plan.

            


    

     

    
      	4.7  	
              Designation
                of Beneficiary. The Participant may designate a Beneficiary
                or Beneficiaries to receive any amount due hereunder by the Participant
                by
                written notice thereof to the Company at any time prior to his or
                her
                death and may revoke or change the Beneficiary so designated without
                the
                Beneficiary’s consent by written notice delivered to the Company at any
                time and from time to time prior to the Participant’s death. If the
                Participant is married and a resident of a community property state,
                one
                half of any amount due under the Plan which is the result of an amount
                contributed to the Plan during the Participant’s marriage is the community
                property of the Participant’s spouse and the Participant may designate a
                Beneficiary or Beneficiaries to receive only the Participant’s one-half
                interest. If the Participant shall have failed to designate a Beneficiary,
                or if no such Beneficiary shall survive him or her, then such amount
                shall
                be paid to his or her estate. To be effective, Beneficiary designations
                must be completed according to procedures established by the
                Committee.

            


    

     

    
      	4.8  	
              Administration
                of Payments. Payment of the lump sum or the first of a series
                of installments shall be made or commence within 90 days following
                the
                date of the payment event or identification of the Beneficiary, if
                later,
                as applicable, but in no event later than the end of the 21⁄2 month period
                following the Plan Year in which occurs the payment event. Subsequent
                installments, if any, shall be made on the first day of each month
                following the first installment as determined by the Company. The
                amount
                of each installment shall be calculated by dividing the Account balance
                as
                of the date of the payment by the number of installments remaining
                pursuant to the Participant’s payment election. Each such installment, if
                any, shall take into account Interest Credits credited to the balance
                of
                the Account remaining unpaid.

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    
      	4.9  	
              Permitted
                Acceleration of Payments. To the extent permitted by Code
                Section 409A and the Regulations, the Company shall commence or accelerate
                payment to Participant, Participant’s Beneficiary or other appropriate
                payee the portion of Participant’s Account authorized for payment in
                accordance with Code Section 409A and the Regulations, including
                the
                following:

            


    

     

    
      	(a)  	
              amounts
                payable to an individual other than the Participant to the extent
                necessary to fulfill a domestic relations order approved by the Committee
                in its sole discretion;

            


    

     

    
      	(b)  	
              de
                minimis
                cashout payments that result in the termination of the entirety of
                a
                Participant’s interest in the Plan, a Deferred Compensation Plan
                maintained by the Company and any other arrangement that is aggregated
                with the Plan under the Regulations, if the payment is not greater
                than
                the dollar amount applicable under Code Section 402(g)(1)(B) ($15,500
                in
                2007); 

            


    

     

    
      	(c)  	
              payment
                to
                Participant to pay the Federal Insurance Contributions Act tax imposed
                under Code Section 3101 and 3121(v)(2) on Eligible Compensation deferred
                under the Plan, grossed up as permitted under the Regulations;
                

            


    

     

    
      	(d)  	
              in
                the event
                the Plan with respect to that Participant fails to meet the requirements
                of Code Section 409A and the Regulations, payment to Participant
                in an
                amount not to exceed the amount required to be included in income
                as a
                result of the failure to comply with the requirements of Code Section
                409A
                and the Regulations;

            


    

     

    
      	(e)  	
              payment
                upon
                termination and liquidation of the Plan within 12 months following
                a
                Liquidation, provided that payment is included in the Participant’s income
                in the tax year in which occurs the latest of the Plan termination,
                lapse
                of any substantial risk of forfeiture, or payment becomes administratively
                practicable; 

            


    

     

    
      	(f)  	
              payment
                upon
                termination and liquidation of the Plan pursuant to irrevocable action
                taken by the Company within 30 days preceding or 12 months following
                a
                Change in Control, provided that any other arrangement that is aggregated
                with the Plan under the Regulations is also terminated and liquidated
                with
                respect to each Participant that experienced the Change in Control;
                and
                

            


    

     

    
      	(g)  	
              payment
                upon
                termination and liquidation of the Plan, provided that (i) Plan
                termination and liquidation does not occur proximate to a downturn
                in the
                Company’s financial health, (ii) any other arrangement that is aggregated
                with the Plan under the Regulations is also terminated and liquidated
                with
                respect to each Participant that experienced the Change in Control,
                (iii)
                no Plan liquidation payments are made within 12 months following
                the date
                the Company takes all necessary irrevocable action to terminate and
                liquidate the Plan (the “termination date”) (other than payments payable
                for reasons other than Plan liquidation), (iv) all payments are made
                within 24 months of the termination date; and (v) the Company does
                not
                adopt a new plan that would be aggregated with any terminated and
                liquidated plan if the same Participant participated in both plans,
                at any
                time within 3 years following the termination
                date.

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      	4.10  	
              Permitted
                Delay of Payments. To the extent permitted by Code Section
                409A and the Regulations, the Company shall delay payment to Participant,
                Participant’s Beneficiary or other appropriate payee the portion of
                Participant’s vested Plan Benefit authorized for
                payment—

            


    

     

    
      	(a)  	
              to
                the extent
                that the Committee reasonably anticipates that the Company’s deduction
                with respect to such payment otherwise would be limited or eliminated
                by
                application of Code Section 162(m);


            


    

     

    
      	(b)  	
              to
                the extent
                that the Committee reasonably anticipates that the making of the
                payment
                will violate federal securities laws or other applicable law;
                or

            


    

     

    
      	(c)  	
              upon
                such
                other events and conditions as may be permitted under the Code and
                the
                Regulations;

            


    

     

    provided
      that the
      payment shall be made at the earliest date at which the Committee reasonably
      anticipates that the applicable circumstance specified above is of no further
      force or effect.

     

    ARTICLE 5.
      TRUST

     

    
      	5.1  	
              Accounts.
                The Company shall establish separate Accounts for each Participant
                who
                participates in the Plan. No special fund shall be established nor
                shall
                any note or security be issued by the Company with respect to a
                Participant’s Accounts.

            


    

     

    
      	5.2  	
              Participants’
                Rights Unsecured. The right of the Participant or his or her
                Beneficiary to receive a payment hereunder shall be an unsecured
                claim
                against the general assets of the Company, and neither the Participant
                nor
                his or her Beneficiary shall have any rights in or against any amount
                credited to his or her Account or any other specific assets of the
                Company, except as otherwise provided in the Trust. Nothing contained
                in
                the Plan, and no action taken pursuant to its provisions, shall create
                or
                be construed to create a trust of any kind or a fiduciary relationship
                between the Plan and the Company or any other
                person. 

            


    

     

    
      	5.3  	
              Trust
                Agreement. The Company may establish the Trust for the
                purpose of retaining assets set aside by the Company pursuant to
                the Trust
                Agreement for payment of all or a portion of the amounts payable
                pursuant
                to the Plan. Any benefits not paid from the Trust shall be paid solely
                from the Company’s general funds, and any benefits paid from the Trust
                shall be credited against and reduced by a corresponding amount the
                Company’s liability to the Participants under the Plan. No special or
                separate fund, other than the Trust Agreement, shall be established
                and no
                other segregation of assets shall be made to assure the payment of
                any
                benefits hereunder. All Trust Funds shall be subject to the claims
                of
                general creditors of the Company in the event the Company is insolvent
                (as
                that term is defined in the Trust Agreement). The obligations of
                the
                Company to pay benefits under the Plan constitute an unfunded, unsecured
                promise to pay and Participants shall have no greater rights than
                general
                creditors of the Company. Trust assets shall not, at any time, be
                located
                outside of the United States or be transferred outside of the United
                States, whether or not such assets are available to satisfy claims
                of
                general creditors.

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    ARTICLE 6.
      AMENDMENT AND TERMINATION

     

    
      	6.1  	
              Amendment.
                The Committee shall have the right to amend the Plan at any time
                and from
                time to time, including by retroactive amendment. Any such amendment
                shall
                become effective upon the date stated therein, and shall be binding
                on all
                Participants, except as otherwise provided in such amendment; provided,
                however, that said amendment shall not affect adversely the previously
                accrued benefits of the affected Participant without the Participant’s
                written approval. Benefits accruing to a Participant pursuant to
                any
                employment agreement in effect between the Company and the Participant
                that entitles the Participant to participate in and to certain rights
                under the Plan shall not be affected by an amendment of the Plan
                except as
                required by Code Section 409A and the Regulations.
                

            


    

     

    
      	6.2  	
              Termination.
                The Committee shall have the right to terminate and liquidate the
                Plan to
                the fullest extent permitted by Code Section 409A, including (a)
                termination of the Plan within 12 months following a Liquidation,
                or (b)
                within 30 days preceding or 12 months following a Change in Control,
                provided that such termination following a Change in Control shall
                not
                result in a diminution of benefits accrued under the Plan, or (c)
                the
                termination covers all arrangements sponsored by the Company that
                would be
                aggregated with the Plan and cover any Participant of the Plan, the
                termination does not occur proximate to a downturn in the financial
                health
                of the Company, and payments are made after 12 months, but within
                24
                months, following the termination.

            


    

     

    ARTICLE 7. ADMINISTRATION

     

    
      	7.1  	
              Administration.
                The Committee shall administer and interpret the Plan in accordance
                with
                the provisions of the Plan and the Trust Agreement. Any determination
                or
                decision by the Committee shall be conclusive and binding on all
                persons
                who at any time have or claim to have any interest whatever under
                the
                Plan. To the extent required to avoid penalties, the Committee intends
                to
                interpret and operate the Plan in all respects in compliance with
                Code
                Section 409A and the Regulations.

            


    

     

    
      	7.2  	
              Applying
                for Benefits. The following claims procedures are generally
                applicable to claims filed under the Plan. To the extent required
                by law
                and to the extent the Committee is ruling on a claim for benefits
                on
                account of a disability, the Plan will follow, with respect to that
                claim,
                claims procedures required by law for plans providing disability
                benefits.

            


    

     

    
      	(a)  	
              General
                Procedures. Subject to the provisions of subsection (b), the
                following procedures shall apply in the determination of claims under
                the
                Plan.

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    
      	(1)  	
              Filing
                a Claim. All applications and claims for benefits shall be filed
                in writing by the Participant, his or her Beneficiary, or the authorized
                representative of the claimant, by completing the procedures required
                by
                the Committee. The procedures shall be reasonable and may include
                the
                completion of forms and the submission of documents and additional
                information.

            


    

     

    
      	(2)  	
              Review
                of Claim. The Committee shall review all applications and claims
                for benefits and shall decide whether to approve or deny the claim
                in
                whole or in part. If a claim is denied in whole or in part, the Committee
                shall provide written notice of denial to the claimant within a reasonable
                period of time no later than 90 days after the Committee receives
                the
                claim, unless special circumstances require an extension of time
                for
                processing the claim. If an extension is required, the Committee
                shall
                notify the claimant in writing (including by electronic media) by
                the end
                of the initial 90-day period and indicate the special circumstances
                requiring an extension of time and the date by which the Committee
                expects
                to render a decision on the claim. The extension shall not exceed
                an
                additional 90 days. The notice of denial shall be written (including
                in
                electronic media) in a manner calculated to be understood by the
                claimant
                and shall include the following:

            


    

     

    
      	(A)  	
              specific
                reasons for the denial;

            


    

     

    
      	(B)  	
              specific
                references to pertinent Plan
                provisions;

            


    

     

    
      	(C)  	
              description
                of any additional material or information necessary for the claimant
                to
                perfect his or her claim and an explanation of why such material
                or
                information is necessary; and

            


    

     

    
      	(D)  	
              appropriate
                information as to the steps the claimant should take if he or she
                wishes
                to submit the denied claim for review, including any applicable time
                limits and including a statement of the claimant’s right to bring a civil
                action under ERISA Section 502(a) following a denied claim on
                review.

            


    

     

    
      	(3)  	
              Appealing
                a Claims Denial. If the claimant wishes a review of the denied
                claim, he or she shall notify the Committee in writing within 60
                days of
                the claimant’s receipt of notification of the denied claim. The claimant
                or the claimant’s representative may review pertinent Plan documents and
                may submit issues or comments to the Committee in writing. The claimant
                or
                the claimant’s representative may provide the Committee with a written
                statement of the claimant’s position and with written materials in support
                of his or her position, including documents, records and other information
                relating to the claim. The claimant or the claimant’s representative may
                have, upon request and free of charge, reasonable access to, and
                copies
                of, all documents, records and other information relevant to the
                claim. A
                document, record or other information shall be considered relevant
                to the
                claim if such document, record or other information (A) was relied
                upon in
                making the benefit determination, (B) was submitted, considered or
                generated in the course of making the benefit determination, without
                regard to whether such document, record or other information was
                relied
                upon in making the benefit determination, or (C) demonstrates compliance
                with the administrative processes and safeguards designed to ensure
                and
                verify that benefit claim determinations are made in accordance with
                the
                Plan and that, where appropriate, the Plan provisions have been applied
                consistently with respect to similarly situated
                claimants.

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    
      	(4)  	
              Review
                of Appeal. The Committee shall forward all requests for review of
                a denied claim together with all associated documents to the Chairman
                of
                the Committee promptly after receipt. The Committee shall make its
                decision on review solely on the basis of the written record, including
                documents and written materials submitted by the claimant and/or
                the
                claimant’s representative. The Committee shall make a decision on review
                within a reasonable period of time, not later than 60 days after
                the
                Committee receives the claimant’s written request for review unless
                special circumstances require additional time for review of the claim.
                If
                the Committee needs an extension of time to review the claim, it
                shall
                notify the claimant in writing before the end of the initial 60-day
                period, and shall indicate the special circumstances requiring an
                extension of time and the date by which the Committee expects to
                render
                the determination on review. The extension shall not be longer than
                an
                additional 60 days. The decision on review will be written in a manner
                calculated to be understood by the claimant. If the claim is denied,
                the
                written noticed shall include specific reasons for the decision as
                well as
                specific references to pertinent Plan provisions on which the decision
                is
                based, a statement of the claimant’s right to bring an action under ERISA
                § 502(a) and a statement that the claimant is entitled to receive,
                upon
                request and free of charge, reasonable access to, and copies of,
                all
                documents, records and other information relevant to the claimant’s claim
                for benefits, with “relevant” defined as provided in the previous
                subsection. 

            


    

     

    
      	(b)  	
              Determination
                of Disability. To the extent the Committee is determining a
                claims for benefits under the Plan on account of a Disability, the
                above
                procedures shall be modified as necessary to comply with ERISA Section
                503
                and Department of Labor Regulations
                Section 2560.503-1(d).

            


    

     

    
      	7.3  	
              Liability
                of Committee; Indemnification. To the extent permitted by
                law, the Committee shall not be liable to any person for any action
                taken
                or omitted in connection with the interpretation and administration
                of the
                Plan unless attributable to his or her own bad faith or willful
                misconduct. The Committee may employ legal counsel, consultants,
                actuaries
                and agents as they may deem desirable in the administration of the
                Plan
                and may rely on the opinion of such counsel or the computations of
                such
                consultant or other agent. The Committee shall provide for the keeping
                of
                detailed written minutes of its actions hereunder, which shall be
                reviewed
                by the legal counsel or the consultant engaged by the Committee prior
                to
                their finalization.

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    
      	7.4  	
              Expenses.
                The costs of the establishment of the Plan and the adoption of the
                Plan by
                the Company, including but not limited to legal and accounting fees,
                shall
                be borne by the Company. The expenses of administering the Plan shall
                be
                borne by the Trust; provided, however, that the Company shall bear,
                and
                shall not be reimbursed by, the Trust for any tax liability of the
                Company
                associated with the investment of assets by the Trust. All taxes
                associated with participation in the Plan, including any tax liability
                under Code Section 409A, shall be borne by the
                Participant.

            


    

     

    ARTICLE 8.
      GENERAL AND MISCELLANEOUS

     

    
      	8.1  	
              Rights
                Against the Company. Except as expressly provided by the
                Plan, the establishment of the Plan shall not be construed as giving
                to
                any Participant or to any person whomsoever, any legal, equitable
                or other
                rights against the Company, or against its officers, directors, agents
                or
                shareholders, or as giving to any Participant or Beneficiary any
                equity or
                other interest in the assets, business or shares of the Company or
                giving
                any Participant the right to be retained in the employment of the
                Company.
                The services of any Participant shall be subject to termination (with
                or
                without cause) to the same extent they would have been if the Plan
                had
                never been adopted. The rights of a Participant hereunder shall be
                solely
                those of an unsecured general creditor of the Company. Neither the
                Plan
                nor any action taken hereunder shall be construed as giving to any
                Participant the right to continue rendering services to or for the
                benefit
                of the Company or as affecting the right of the Company to dismiss
                any
                Participant. Any benefit payable under the Plan shall not be deemed
                salary
                or other compensation for the purpose of computing benefits under
                any
                Participant benefit plan or other arrangement of the Company for
                the
                benefit of its Participants.

            


    

     

    
      	8.2  	
              Assignment
                or Transfer. No right, title or interest of any kind in the
                Plan shall be transferable or assignable by any Participant or Beneficiary
                or be subject to alienation, anticipation, encumbrance, garnishment,
                attachment, execution or levy of any kind, whether voluntary or
                involuntary, nor subject to the debts, contracts, liabilities,
                engagements, or torts of the Participant or Beneficiary. Any attempt
                to
                alienate, anticipate, encumber, sell, transfer, assign, pledge, garnish,
                attach or otherwise subject to legal or equitable process or encumber
                or
                dispose of any interest in the Plan shall be void.
                

            


    

     

    
      	8.3  	
              Severability.
                If any provision of the Plan shall be declared illegal or invalid
                for any
                reason, said illegality or invalidity shall not affect the remaining
                provisions of the Plan but shall be fully severable, and the Plan
                shall be
                construed and enforced as if said illegal or invalid provision had
                never
                been inserted herein. 

            


    

     

    
      	8.4  	
              Construction.
                The article and section headings and numbers are included only for
                convenience of reference and are not to be taken as limiting or extending
                the meaning of any of the terms and provisions of the Plan. Whenever
                appropriate, words used in the singular shall include the plural
                or the
                plural may be read as the singular. When used herein, the masculine
                gender
                includes the feminine gender. 

            


    

     

    
      	8.5  	
              Governing
                Law. The validity and effect of the Plan and the rights
                and
                obligations of all persons affected hereby shall be construed and
                determined in accordance with the laws of the State of Delaware unless
                superseded by federal law, which shall govern correspondingly.
                

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    
      	8.6  	
              Payment
                Due to Incompetence. If the Committee receives evidence that
                a Participant or Beneficiary entitled to receive any payment under
                the
                Plan is physically or mentally incompetent to receive such payment,
                the
                Committee may, in its sole and absolute discretion, direct the payment
                to
                any other person or trust which has been legally appointed by the
                courts
                or to any other person determined by the Company to be a proper recipient
                on behalf of such person otherwise entitled to payment, or any of
                them, in
                such manner and proportion as the Company may deem proper. Any such
                payment shall be in complete discharge of the Company’s obligations under
                the Plan. 

            


    

     

    
      	8.7  	
              Taxes.
                All amounts payable hereunder shall be reduced by any and
                all federal, state, and local taxes imposed upon Participant or his
                or her Beneficiary, which are required to be paid or withheld by
                the
                Company. The determination of the Company regarding applicable income
                and
                employment tax withholding requirements shall be final and binding
                on
                Participant.

            


    

     

    
      	8.8  	
              Insurance.
                In the event that any Participant elects, in his or her discretion,
                to
                independently purchase an insurance policy covering the inability
                of the
                Plan or the Trust to make any payments to which Participant is entitled
                under the Plan or the Trust, the Company shall use its best efforts
                to
                facilitate the payment by Participant of any applicable excise taxes
                which
                become due as the result of the payment of premiums under such policy.
                Nothing contained herein shall be construed as an endorsement by
                the
                Company of the purchase of such a policy or a recommendation by the
                Company that the purchase of such a policy is necessary or desirable
                as
                the result of Participant’s participation in the Plan. In the event that
                such insurance would result in adverse tax consequences to the
                Participant, the Participant shall terminate such
                insurance.

            


    

     

    
      	8.9  	
              Attorney’s
                Fees. The Company shall pay the reasonable attorney’s fees
                incurred by any Participant in an action brought against the Company
                to
                enforce Participant’s rights under the Plan, provided that such fees shall
                only be payable in the event that the Participant prevails in such
                action.

            


    

     

    
      	8.10  	
              Plan
                Binding on Successors and Assignees. The Plan shall be
                binding upon and inure to the benefit of the Company and its successor
                and
                assigns and the Participant and the Participant’s designee and
                estate.

            


    

    

      
        	
                Executive
                  SERP

              	
                1/1/2005

              


      

    

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    ACKNOWLEDGMENT

     

    The
      undersigned
      Executive hereby acknowledges that Employer has selected him or her as a
      participant in the Building Materials Holding Corporation 2005 Supplemental
      Retirement Income Plan as amended (the “Plan”), subject to all terms and
      conditions of the Plan, a copy of which has been received, read, and understood
      by Executive in conjunction with executing this Acknowledgment. Executive
      acknowledges that he or she has had satisfactory opportunity to ask questions
      regarding his or her participation in the Plan and has received satisfactory
      answers to any questions asked. Executive also acknowledges that he or she
      has
      sufficient knowledge and experience in financial and business matters to be
      capable of evaluating the merits and risks of participation in the Plan.
      Executive understands that his or her participation in the Plan shall not begin
      until this Acknowledgment has been signed by Executive and returned to
      BMHC.

     

    Dated:
      _______________________________________________

     

    Print
      Name:
      ___________________________________________


    


    Signed:
      ______________________________________________

              
      Executive

     

    Dated:
      _______________________________________________

             
      Building
      Materials
      Holding Corporation

     

    Signed:
      ______________________________________________

                 
      Officer

    

      
        	
                Executive
                  SERP

              	
                1/1/2005