**WHITNEY      HOLDING CORPORATION**

**DEFERRED      COMPENSATION PLAN**

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**WHITNEY      HOLDING CORPORATION**

**DEFERRED      COMPENSATION PLAN**

**TABLE      OF CONTENTS**

| ARTICLE                  I PURPOSE                                         |  1                                                    |
|----------------------------------------------------------------------------|------------------------------------------------------------|
| ARTICLE                  II DEFINITIONS                                    |  1                                                    |
| 2.1                                                                        | **Beneficiary**                                            | 1 |
| 2.2                                                                        | **Benefit                  Commencement Date**             | 1 |
| 2.3                                                                        | **Bonus**                                                  | 2 |
| 2.4                                                                        | **Change                  in Control**                     | 2 |
| 2.5                                                                        | **Class                  Year**                            | 2 |
| 2.6                                                                        | **Compensation**                                           | 2 |
| 2.7                                                                        | **Deferral                  Election**                     | 3 |
| 2.8                                                                        | **Deferred                  Benefit Account**              | 3 |
| 2.9                                                                        | **Determination                  Date**                    | 3 |
| 2.10                                                                       | **Disabled                  or Disability**                | 3 |
| 2.11                                                                       | **Employer**                                               | 3 |
| 2.12                                                                       | **Employer                  Contributions**                | 3 |
| 2.13                                                                       | **Enrollment                  Period**                     | 3 |
| 2.14                                                                       | **Financial                  Hardship**                    | 3 |
| 2.15                                                                       | **Grandfathered                  Account**                 | 3 |
| 2.16                                                                       | **Interest                  Earnings Rate**                | 4 |
| 2.17                                                                       | **On-Line                  Enrollment**                    | 4 |
| 2.18                                                                       | **Participant**                                            | 4 |
| 2.19                                                                       | **Plan                  Committee**                        | 4 |
| 2.20                                                                       | **Plan                  Year**                             | 4 |
| 2.21                                                                       | **Retirement                  Date**                       | 4 |
| 2.22                                                                       | **Savings                  Plus Plan**                     | 4 |
| 2.23                                                                       | **Specified                  Employee**                    | 4 |
| 2.24                                                                       | **Termination                  of Employment**             | 4 |
| 2.25                                                                       | **Unforeseeable                  Emergency**               | 4 |
| 2.26                                                                       | **Other                  Definitions**                     | 5 |
| ARTICLE                  III ELIGIBILITY AND PARTICIPATION                 | 5                                                          |
| 3.1                                                                        | **Conditions                  of Eligibility**             | 5 |
| 3.2                                                                        | **Participation**                                          | 5 |
| 3.3                                                                        | **No                  Effect on Other Benefits**           | 5 |
| ARTICLE                  IV COMPENSATION DEFERRALS AND OTHER CONTRIBUTIONS | 5                                                          |
| 4.1                                                                        | **Limitations                  on Compensation Deferrals** | 5 |
| 4.2                                                                        | **Deferral                  of Compensation or Bonus**     | 5 |
| 4.3                                                                        | **Employer                  Contributions**                | 6 |

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| 4.4                                                                 | **Deferred                  Benefit Accounts**                                                                | 6  |
|---------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------|----|
| ARTICLE                  V MAINTENANCE OF DEFERRED BENEFIT ACCOUNTS | 7                                                                                                             |
| 5.1                                                                 | **Status                  of Accounts**                                                                       | 7  |
| 5.2                                                                 | **Investment                  Policy**                                                                        | 7  |
| 5.3                                                                 | **Investment                  of Accounts**                                                                   | 7  |
| 5.4                                                                 | **Interest                  Earnings Rate**                                                                   | 8  |
| 5.5                                                                 | **Liability                  for Deferred Benefit Account**                                                   | 8  |
| 5.6                                                                 | **Valuation                  of Accounts**                                                                    | 8  |
| 5.7                                                                 | **Valuation                  Notice**                                                                         | 9  |
| ARTICLE                  VI RETIREMENT BENEFITS                     | 9                                                                                                             |
| 6.1                                                                 | **Special                  Definitions**                                                                      | 9  |
| 6.2                                                                 | **Time                  of Payment**                                                                          | 9  |
| 6.3                                                                 | **Disability                  Benefit**                                                                       | 9  |
| 6.4                                                                 | **Special                  Payment Election Rules**                                                           | 10 |
| 6.5                                                                 | **Determination                  of Retirement Benefit**                                                      | 10 |
| 6.6                                                                 | **Form                  of Retirement Benefit**                                                               | 10 |
| 6.7                                                                 | **Cash                  Out of Small Benefits**                                                               | 11 |
| ARTICLE                  VII DEATH BENEFITS                         | 11                                                                                                            |
| 7.1                                                                 | **Special                  Definition**                                                                       | 11 |
| 7.2                                                                 | **Participant's                  Death Before Benefit Commencement Date**                                     | 11 |
| 7.3                                                                 | **Participant's                  Death After Benefit Commencement Date**                                      | 11 |
| 7.4                                                                 | **Death                  of Beneficiary**                                                                     | 11 |
| 7.5                                                                 | **Single-Sum                  Payment**                                                                       | 12 |
| ARTICLE                  VIII HARDSHIP AND OTHER BENEFITS           | 12                                                                                                            |
| 8.1                                                                 | **Withdrawals                  on Account of Financial Hardship or Unforeseeable                  Emergency** | 12 |
| 8.2                                                                 | **Benefit                  Payable on Termination for Cause**                                                 | 13 |
| 8.3                                                                 | **Early                  Payments**                                                                           | 14 |
| ARTICLE                  IX PLAN ADMINISTRATION                     | 14                                                                                                            |
| 9.1                                                                 | **Powers**                                                                                                    | 14 |
| 9.2                                                                 | **Payments**                                                                                                  | 14 |
| 9.3                                                                 | **Delegation                  of Administrative Authority**                                                   | 14 |
| ARTICLE                  X PARTICIPANTS' RIGHTS                     | 15                                                                                                            |
| 10.1                                                                | **Spendthrift                  Provision**                                                                    | 15 |
| 10.2                                                                | **Plan                  Not an Employment Agreement**                                                         | 15 |
| 10.3                                                                | **Offset**                                                                                                    | 15 |
| 10.4                                                                | **Obligation                  for Benefit Payments**                                                          | 15 |
| 10.5                                                                | **Taxes**                                                                                                     | 15 |
| 10.6                                                                | **Employer's                  Protection**                                                                    | 15 |
| ARTICLE                  XI MISCELLANEOUS                           | 16                                                                                                            |
| 11.1                                                                | **Termination                  of Plan**                                                                      | 16 |

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| 11.2 | **Funding**                                   | 16 |
|------|-----------------------------------------------|----|
| 11.3 | **Change                  in Control**        | 17 |
| 11.4 | **Inurement**                                 | 17 |
| 11.5 | Amendments                  and Modifications | 17 |
| 11.6 | **Governing                  Law**            | 17 |

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**WHITNEY      HOLDING CORPORATION**

**DEFERRED      COMPENSATION PLAN**

**ARTICLE      I**

**PURPOSE**

**ARTICLE      II**

**DEFINITIONS**

**Beneficiary**

**Benefit      Commencement Date**

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**Bonus**

**Change      in Control**

|   | a. | Any                "person," including any "group," determined in accordance with Section                13(d)(3) of the Securities Exchange Act of 1934, as amended, becomes                the                beneficial owner, directly or indirectly, of securities of the Whitney                Holding Corporation representing 20% or more of the combined voting                power                of the Holding Corporation's then outstanding securities, without                the                approval, recommendation, or support of the Board of Directors of                the                Whitney Holding Corporation as constituted immediately prior to such                acquisition; |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | The                Federal Deposit Insurance Corporation or any other regulatory agency                negotiates and implements a plan for the merger, transfer of assets                and                liabilities, reorganization, and/or liquidation of the Whitney National                Bank; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | Either                of the Whitney Holding Corporation or the Whitney National Bank is                merged                into another corporate entity or consolidated with one or more                corporations, other than a wholly-owned subsidiary of the Whitney                Holding                Corporation; |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | A                change in the members of the Board of Directors of the Whitney Holding                Corporation which results in the exclusion of a majority of the                "continuing board." For this purpose, the term "continuing board"                means                the members of the Board of Directors of the Whitney Holding Corporation,                determined as of the date on which this Plan is executed, and subsequent                members of such board who are elected by or on the recommendation                of a                majority of such "continuing board";                or |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | e. | The                sale or other disposition of all or substantially all of the stock                or the                assets of the Whitney National Bank or the Whitney Holding Corporation                (or                any successor corporation thereto). |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Class      Year**
**.  **

**Compensation**

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**Deferral      Election**

**Deferred      Benefit Account**

**Determination      Date**

**Disabled**
**Disability**

**Employer**

**Employer      Contributions**

**Enrollment      Period**

**Financial      Hardship**

**Grandfathered      Account**

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**Interest      Earnings Rate**

**On-Line      Enrollment**

**Participant**

**Plan      Committee**

**Plan      Year**

**Retirement      Date**

**Savings      Plus Plan**

**Specified      Employee**

**Termination      of Employment**

**Unforeseeable      Emergency**

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**Other      Definitions**

**ARTICLE      III**

**ELIGIBILITY      AND PARTICIPATION**

**Conditions      of Eligibility**

**Participation**

**No      Effect on Other Benefits**

**ARTICLE      IV**

**COMPENSATION      DEFERRALS AND OTHER CONTRIBUTIONS**

**Limitations      on Compensation Deferrals**

**Deferral      of Compensation or Bonus**

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**Employer      Contributions**

|   | a. | Amount.  The                Plan Committee, in its sole discretion, shall determine the amount                of any                such contribution. Any such contribution need not be uniform with                respect                to all Participants hereunder, but may be made with respect to any                Participant or group of Participants designated by the Plan                Committee. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Allocation.  The                amount of any such contribution shall be allocated to the Deferred                Benefit                Account of each affected Participant in accordance with the instructions                of the Plan Committee, as a matching contribution or otherwise. Any                such                allocation shall be made with respect to the calendar year in which                the                contributions were declared. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Deferred      Benefit Accounts**

|   | a. | Beneficiary.  Designate                a separate Beneficiary with respect to each such account;                and |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Time                and Method of Payment.  Designate separately the time and                method of payment with respect to each such                account. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**ARTICLE      V**

**MAINTENANCE      OF DEFERRED BENEFIT ACCOUNTS**

**Status      of Accounts**

**Investment      Policy**

**Investment      of Accounts**

|   | a. | An                equity fund, which fund shall consist primarily of shares of common                or                preferred stock other than securities issued by the                Employer; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | An                international fund, which fund shall consist primarily of shares                of                publicly traded mutual funds that invest primarily in securities                of                companies located in the Americas (other than U.S.), the Far East,                the                Pacific rim and Western Europe; |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | A                fixed income fund, which fund shall consist primarily of interest-bearing                securities issued by the United States government or agencies thereof,                or                similar securities issued by corporations other than the Employer,                with                varying maturity dates; and |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | d. | A                money market fund, which fund shall consist primarily of money market                obligations issued by financial institutions, corporations and the                United                States government. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Interest      Earnings Rate**

**Liability      for Deferred Benefit Account**

**Valuation      of Accounts**

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**Valuation      Notice**

**ARTICLE      VI**

**RETIREMENT      BENEFITS**

**Special      Definitions**

|   | a. | Retirement                Benefit means a benefit payable to a Participant in accordance with                this                Article VI. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Retirement                Date means the date the Participant attains age                65. |
|--------|----|----------------------------------------------------------------------------------------------|

**Time      of Payment**

|   | a. | If                a Participant is a Specified Employee on the date of his or her                Termination of Employment from the Employer, and payment is due from                this                Plan on account of Termination of Employment (but not death or Disability)                and payment is due in a lump sum, the Participant’s right to receive such                payment will be delayed until the earlier of the Participant’s death or                the first day of the seventh month following the Participant’s Termination                of Employment.  This Section 6.2a shall not apply to any portion                of the Participant’s Grandfathered                Account. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | If                a Participant is a Specified Employee on the date of his or her                Termination of Employment from the Employer, and payment(s) are due                from                this Plan on account of Termination of Employment (but not death                or                Disability) and payments are due in annual installments, the Participant’s                right to begin to receive the first annual installment will be delayed                until the earlier of the Participant’s death or the first day of the                seventh month following the Participant’s Termination of Employment                whereupon the initial installment payment will be paid and distributed                to                the Participant (without interest) and the normal payment schedule                for the                remaining annual installment payments will resume.  This Section                6.2b shall not apply to any portion of the Participant’s Grandfathered                Account. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Disability      Benefit**
**.  **

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|   | a.  |  The              benefit under this Section 6.3 is the amount credited to a              Participant’s Deferred Benefits Accounts as of the              Participant’s  Disability determination              date. |
|--------|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | b. | The                Employer shall pay the benefit to the Participant in the form elected                by                the Participant during the On-Line Enrollment process for each Class                Year                commencing on the first business day of the month following the month                which includes the Participant’s Disability determination                date. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Special      Payment Election Rules**
**.  **

|   | a. | Any                election to change the time and form of distribution may not take                effect                until at least 12 months after the date on which the election is                made; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Other                than in the event of death, the first payment with respect to such                election must be deferred for a period of at least 5 years from the                date                such payment otherwise would have been made;                and |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | Any                election related to a change in the payment date must be executed                at least                12 months prior to the date on which the payment being changed was                scheduled to begin. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Determination      of Retirement Benefit**

**Form      of Retirement Benefit**

|   | a. | Substantially                equal annual installment payments for 5 consecutive                years; |
|--------|----|--------------------------------------------------------------------------------------------------------|

|   | b. | Substantially                equal annual installment payments for 10 consecutive                years; |
|--------|----|---------------------------------------------------------------------------------------------------------|

|   | c. | Substantially                equal annual installment payments for 15 consecutive years;                or |
|--------|----|------------------------------------------------------------------------------------------------------------|

|   | d. | A                single-sum payment. |
|--------|----|--------------------------------------|

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|   | If                no election is received by the Plan Committee for a Class Year, or                if a                Participant’s election cannot be administered, such Participant’s                Retirement Benefit shall be distributed in the form of a single-sum                payment.  For purposes of this Plan, a Participant’s right to a                series of installment payments, as elected during On-Line Enrollment                is                treated as the right to separately identified payments.  If a                Participant elects installment payments in accordance with subparagraphs                (a) – (c) of this Paragraph 6.6 or otherwise, the initial payment shall                be                made in accordance with Paragraph 6.2 hereof. Thereafter, each annual                installment payment shall be made as of each February 1st. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Cash      Out of Small Benefits**

**ARTICLE      VII**

**DEATH      BENEFITS**

**Special      Definition**

**Participant's      Death Before Benefit Commencement Date**

|   | a. | Amount.  The                amount of the Death Benefit shall equal the aggregate amount of such                Participant's Deferred Benefit Accounts, determined as of the last                day of                the calendar month preceding the date of the Participant's date of                death,                increased by the principal amount of deferrals, if any, made since                such                last day. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Form.  A                Death Benefit payable under this Paragraph 7.2 shall automatically,                be                distributed to the Participant's Beneficiary in the form of a single-sum                payment no later than 90 days following the Participant's date of                death. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Participant's      Death After Benefit Commencement Date**

**Death      of Beneficiary**

----

**Single-Sum      Payment**

**ARTICLE      VIII**

**HARDSHIP      AND OTHER BENEFITS**

**Withdrawals      on Account of Financial Hardship or Unforeseeable Emergency**

|   | a. | Limitations.  Withdrawals                for a Financial Hardship shall be limited to amounts in a Participant’s                Grandfathered Account and withdrawals for an Unforeseeable Emergency                shall                be limited to amounts in a Participant’s Non-Grandfathered                Account. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Request.  A                request for withdrawal for either a Financial Hardship or Unforeseeable                Emergency shall be made in writing and shall set forth the circumstances                surrounding the Financial Hardship or Unforeseeable Emergency. As                a                condition of and part of such request, the Participant shall provide                to                the Plan Committee his or her written representation that (i) the                Financial Hardship or Unforeseeable Emergency cannot be relieved                by                insurance or other reimbursement reasonably available to the Participant,                (ii) the Financial Hardship or Unforeseeable Emergency can only be                relieved by liquidation of the Participant's assets (other than liquid                assets) and any such liquidation would itself result in severe damage                or                injury to the Participant, and (iii) the Participant has no reasonable                borrowing capacity to relieve the Financial Hardship or Unforeseeable                Emergency. The Plan Committee shall be entitled to request such additional                information as may be reasonably required to determine whether a                Financial                Hardship exists and the amount of the Financial Hardship or Unforeseeable                Emergency and to establish additional conditions precedent to the                review                or granting of a request for a withdrawal on account of a Financial                Hardship or Unforeseeable                Emergency. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | Amount.  If                the Plan Committee determines that a Financial Hardship or Unforeseeable                Emergency exists, the Plan Committee may authorize                the |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | immediate                distribution of an amount required to meet the financial need created                by                such Financial Hardship or Unforeseeable Emergency, including any                taxes                payable on account of such                distribution. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | Benefit                Reduction.  Notwithstanding any provision of this Plan to                the contrary, the principal amount of a withdrawal on account of                a                Financial Hardship or Unforeseeable Emergency shall reduce the amount                credited to a Participant's Deferred Benefit Accounts. Such reduction                shall be made pro rata from each such account.  Notwithstanding                the foregoing, distributions on account of a Financial Hardship shall                reduce the amount credited to a Participant’s Grandfathered Account and                distributions on account of an Unforeseeable Emergency shall reduce                the                amount credited to a Participant’s Non-Grandfathered                Account. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | e. | Cessation                of Current Deferral.  The Plan Committee shall require, as a                condition of any withdrawal on account of a Financial Hardship or                Unforeseeable Emergency, the termination of any Deferral Election                as to                any Compensation with respect to which services have not yet been                performed. In no event shall the affected Participant be entitled                to                commence a new Deferral Election until the January 1st                immediately                following the year in which such cessation of a deferral                occurs. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | f. | Administration.  The                Plan Committee shall establish such additional rules as may be reasonably                required to administer the withdrawal of amounts under this Paragraph                8.1.                Such rules may include, but shall not be limited to, the imposition                of                additional conditions precedent to the withdrawal, the determination                of                the amount of any Financial Hardship or Unforeseeable Emergency,                the                determination of the amount of any benefit reduction, and the disposition                of any terminated Deferral Election under Paragraph 8.1d, hereof.                The                determination by the Plan Committee as to all matters pertaining                to a                Financial Hardship or Unforeseeable Emergency shall be final and                binding                upon all affected Participants and                Beneficiaries. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Benefit      Payable on Termination for Cause**

----

**Early      Payments**

**ARTICLE      IX**

**PLAN      ADMINISTRATION**

**Powers**

**Payments**

**Delegation      of Administrative Authority**

----

**ARTICLE      X**

**PARTICIPANTS'      RIGHTS**

**Spendthrift      Provision**

**Plan      Not an Employment Agreement**

**Offset**

**Obligation      for Benefit Payments**

**Taxes**

**Employer's      Protection**

----

**ARTICLE      XI**

**MISCELLANEOUS**

**Termination      of Plan**

|   | a. | Amount.  The                amount of such Termination Benefit shall equal the total amount credited                to a Participant's Deferred Benefit Accounts, determined as of the                date of                termination. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Distribution.  A                Termination Benefit hereunder shall be distributed no later than                60 days                after receipt by the Plan Committee of notice of                termination. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | Effect                on Other Benefits.  A Termination Benefit payable under this                Paragraph 11.1 shall be in lieu of, and not in addition to, any other                benefit payable to a Participant or his or her Beneficiary under                the                Plan. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Funding**

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**Change      in Control**

**Inurement**

**Amendments      and Modifications**

**Governing      Law**

| -                17 - |
|-----------------------|
|                  |