**WEINGARTEN      REALTY INVESTORS**

**SUPPLEMENTAL      EXECUTIVE RETIREMENT PLAN**

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**WEINGARTEN      REALTY INVESTORS**

**SUPPLEMENTAL      EXECUTIVE **
**RETIREMENT      PLAN**

**RECITALS**

**NOW      THEREFORE, **

**ARTICLE      I - **
**Definitions**

| 1.1   | **Account.**The                bookkeeping account established for each Participant as provided                in                section                5.1 hereof. |
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| 1.2   | **Administrator.**The                individual serving as the Director of Human Resources for the Employer                or                such other person duly authorized by the Executive Committee of the                Board                of                Managers. The Administrator shall be the agent for the Employer with                respect to the Trust. |
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| 1.3   | **Board.** The                Board of Trust Managers of the                Employer. |
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| 1.4   | **Bonus.**Compensation                which is designated as bonus by the Employer and which relates to                services                performed during an incentive period by an Eligible Employee in addition                to his or                her Salary, including any pretax elective deferrals from said Bonus                to any                Employer-sponsored                plan that includes amounts deferred under a Participation Agreement                or a                qualified cash or deferred arrangement under Code Section 401(k)                or                cafeteria plan under Code                Section 125. |
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| 1.5   | **Code.**                The Internal Revenue Code of 1986, as                amended. |
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| 1.6   | **Disability                or Disabled.** A                Participant will be considered Disabled for Plan purposes if the                Participant is a “Grandfathered Participant” (as defined in the Pension                Plan), has completed at least ten years of Service (as defined in                the                Pension Plan) upon separation from service, and is disabled within                the                meaning of the Social Security Act, which is defined as 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.  |
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| 1.7   | **Early                Retirement**.                Early Retirement means a Participant has retired from the employ                of the                Employer on or after age 55 after having completed 15 years of Service                with the Employer, as determined under the Pension                Plan. |
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| 1.8   | **Earnings.**                The Earnings of a Participant shall have the same meaning as “Earnings”                under the Pension Plan, except that the following modifications to                such                definition shall apply for purposes of the Plan:  |
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| (a)   | Earnings                shall be increased by: |
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| (i)   | The                fair market value (determined by the Board) of restricted stock awards                granted during the Plan Year; |
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| (ii)   | The                fair market value (determined by the Board) of stock options granted                during the Plan Year; and |
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| (b)   | Earnings                shall be decreased by: |
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| (i)   | Any                amount realized from the exercise of a non-statutory stock option                or from                a disqualifying disposition of an incentive stock option during the                Plan                Year; |
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| (ii)   | Any                amount includable in income derived from a non-qualified deferred                compensation plan during the Plan                Year; |
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| (iii)   | Any                amount includable in income by reason of a Participant becoming                substantially vested in any restricted stock award or other transfer                of                property subject to Section 83 of the Code during the Plan Year;                and |
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| (c)   | Earnings                shall be determined without regard to any dollar limitation imposed                by                Section 401(a)(17) of the Code for such Plan                Year. |
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| 1.9   | **Effective                Date.** The                effective date of this restatement of the Plan, January 1, 2005,                or as                otherwise provided herein.  |
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| 1.10   | **Eligible                Employee.**An                Employee shall be considered an Eligible Employee if such Employee                is designated as an Eligible Employee by the                Employer. |
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| 1.11   | **Employee.**Any                person employed by the Employer. |
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| 1.12   | **Employer                Contribution.**Assets                set aside or transferred to a trust at the discretion of the Employer                in order to fund the benefits due under this Plan. Participants                shall have no right                or claim to such Employer Contributions, which shall remain the general                assets of                the                Employer. |
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| 1.13   | **Employer                Credit.**The                amount credited to the bookkeeping Account of a Participant in                accordance                with Article III. |
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| 1.14   | **Key                Employee**.  |
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| (a)   | An                officer of an Employer earning more than $135,000 per year, as adjusted                from time to time in accordance with Internal Revenue Service guidelines, |
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| (b)   | A                five percent owner of an Employer,                or |
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| (c)   | A                one percent owner of an Employer having Compensation from the Employer                of                more than $150,000, |
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| 1.15   | **Participant.** An                Eligible Employee who is a Participant as provided in Article                II. |
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| 1.16   | **Participation****Agreement.**The                separate                written                agreement,                submitted to                the                Administrator,                by which an Eligible Employee agrees to participate in                the Plan and designates the form and timing of the distribution of                his or                her Accounts. |
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| 1.17   | **Pension                Plan.**The                Weingarten Realty Investors Retirement                Plan. |
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| 1.18   | **Plan                Year.**The                twelve consecutive month period beginning January 1 and ending                December                31. |
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| 1.19   | **Retirement.**Retirement                means a Participant has retired from the employ of the Employer                after                attaining Retirement Age. |
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| 1.20   | **Retirement                Age.**                The attainment of age 65. |
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| 1.21   | **Salary.**                An                Eligible Employee's base salary rate or rates in effect at any time                during                a Plan Year, including any pretax elective deferrals from said Salary                to                any Employer-sponsored                plan that includes amounts deferred under a nonqualified plan sponsored                by                the                Employer or under a qualified cash. or deferred arrangement under                Code                Section 401(k)                or “cafeteria plan” under Code Section                125. |
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| 1.22   | **Transition                Group.**                Participants who satisfy the definition of “grandfathered participant”                under the Pension Plan. |
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| 1.23   | **Trust.** The                agreement or agreements between the Employer and the Trustee under                which                the assets of the Plan may be held, administered and managed. Participants                shall have no right or claim to Trust assets set aside to fund benefits                under this Plan, which shall remain the general assets of the                Employer. |
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| 1.24   | **Trustee.**The                trustee and any successor trustee that shall become trustee pursuant                to                the terms                of a separate trust agreement which is made a part of the                Plan. |
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| 1.25   | **Vesting                Year of Service.**Vesting                Year of Service shall be each 12 month period of employment                with the Employer commencing with the Participant's date of                hire. |
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**ARTICLE      II - **
**Participation**

| 2.1   | **Commencement                of Participation.** Each                Eligible Employee shall become a Participant as of the                date on which he or she is designated as an Eligible Employee. Prior                to                commencement of participation in                the Plan, each Participant shall be required to complete a Participation                Agreement designating                the form and timing of the distribution of his or her Accounts. If                an                Eligible Employee is participating in the Plan in 2005 or 2006 and                has not                previously designated the form and timing of the distribution of                his or                her Accounts or desires to modify a previously-filed distribution                election, he or she must make or modify such an election and file                it with                the Administrator on or before December 31, 2006; provided, however,                that                a Participant may not file a modified payment election in 2006 that                has                the effect of deferring payment of amounts the Participant would                otherwise                receive in 2006 or cause payments to be made in 2006 that would otherwise                be made subsequent to 2006.  |
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**ARTICLE      III - **
**Supplemental      Retirement Benefit**

| 3.1   | **Employer                Credits.** |
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| (a)   | The                Employer shall credit to the Account of each Participant an amount                each Plan Year which is designed to provide the Participant a supplemental                retirement benefit                at Retirement Age equal to the additional retirement benefit he would                have                accrued under the                Employer's Pension Plan, as applicable to such Participant, if such                retirement benefit were                determined without regard to the benefit and compensation limitations                imposed by the                Code, but calculated applying the definition of Earnings contained                herein. |
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| (b)   | The                amount credited each Plan Year to the Account of a Participant hired                before January                1, 2002 shall be calculated as an actuarially determined level percentage                of                the Participant's projected compensation that amortizes the unfunded                present value of the Supplemental                Benefit described below over the period remaining until the Participant                attains Retirement Age. The Supplemental Benefit shall be equal to                the                excess of: |
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| (i)   | the                projected retirement benefit to which the Participant would have                been                entitled                at Retirement Age if such benefit were calculated without giving                effect to                the                benefit and compensation limitations imposed by the Code if such                benefit                were calculated under the Pension Plan's defined benefit formula                in                effect December 31, 2001 ("Defined Benefit Formula") but applying                the                definition of Earnings contained herein;                over |
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| (ii)   | the                projected retirement benefit payable to the Participant under the                Pension                Plan's Cash Balance Formula at Retirement Age or, for Participants                in the                Pension                Plan's Transition Group, the Pension Plan's Defined Benefit Formula                at Retirement Age. |
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| (c)   | Employer                Credits credited to the Account of a Participant hired on or after                January                1, 2002 shall be calculated as                an                actuarially determined level percentage of                the Participant's projected compensation that amortizes the unfunded                present value of the Supplemental                Benefit described below over the period remaining until the Participant                attains Retirement Age. The Supplemental Benefit shall be equal to                the                excess of: |
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| (i)   | the                projected retirement benefit to which the Participant would have                been                entitled                at Retirement Age if such benefit were calculated without giving                effect to                the                benefit and compensation limitations imposed by the Code if such                benefit                were calculated under the Pension Plan's "Cash Balance Formula"                in                effect April 1, 2002 but applying the definition of Earnings contained                herein; over |
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| (ii)   | the                retirement benefit payable to the Participant under the Pension Plan's                Cash                Balance Formula at Retirement Age. |
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| (d)   | The                Administrator shall maintain a Deferral Contribution Account for                each                Participant who has made elective deferrals to the Plan. The initial                balance in each Deferral Contribution Account shall be determined,                as of                December 31, 2003, by the Administrator. Each Deferral Contribution                Account shall be adjusted thereafter to reflect interest at the rate                specified in Section 5.2(b), distributions and any other appropriate                adjustments as administratively determined in the discretion of the                Administrator. A Participant shall be entitled to the amount credited                to                the Participant's Deferral Contribution Account in addition to the                Supplemental Benefit provided hereunder. A Participant's Deferral                Account                shall not be considered part of such Participant's funded Supplemental                Benefit for purposes of determining the amount of Employer Credits                under                this Section 3.1, but shall be payable at the time a Participant's                Supplemental Benefit is payable. |
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| 3.2   | **Last                Day Requirement.**A                Participant must be employed on the last day of the Plan Year                in order to be eligible to receive an additional amount credited                to his or                her Account in                a given Plan Year. |
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| 3.3   | **Calculation                of Employer Credits.** Present                value assumptions regarding cost of living increases,                salary scale, discount rate, interest credits and any other assumptions                as                may reasonably be necessary for purposes of calculating the amount                to be                credited to a Participant's                Account each Plan Year shall be determined by the                Administrator. |
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| 3.4   | **Time                of Contributions.**Employer                funds set aside in order to facilitate the payments of benefits                under this Plan in accordance with Section 8.2 shall be transferred                to the                Trust at such                time as the Employer shall                determine. |
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| 3.5   | **Withholding.**                From time to time, the Employer shall withhold from the Participant's                cash                Earnings, such Participant's share of taxes under the Federal Insurance                Contributions Act ("FICA") and other applicable taxes that are required                to                be withheld with                respect to Employer Credits (and to the extent required under regulations,                income                attributable                thereto) as they vest and become subject to FICA taxes and other                withholding (collectively,                "Withholding Requirements"). To the extent that there is insufficient                remaining cash Earnings to satisfy all applicable Withholding Requirements                as they come due, the Employer reserves the right to reduce a                Participant’s Deferrals under the Weingarten Realty Investors Deferred                Compensation Plan to the extent necessary to satisfy such Withholding                Requirements. In                the event there is insufficient cash Earnings                to                satisfy all applicable Withholding Requirements as they come due,                even                after reducing a Participant’s Deferrals, such                Participant shall be obligated to remit payment                to the Employer, in such form as is acceptable to the Employer, sufficient                to satisfy                any remaining Withholding                Requirements. |
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| 3.6   | **Prior                Participation in the Benefit Restoration Plan.** In                accordance with the terms of the                Weingarten Realty Investors                Retirement Benefit                Restoration Plan ("Benefit Restoration Plan"), upon commencement                of                participation in this Plan a Participant will not                be eligible to receive a supplemental restoration benefit under the                Benefit Restoration Plan.                In such event, the amount credited to the Participant's Plan Account                upon                his or her commencement of participation in this Plan shall equal                the                amount, if any, credited to his or her account in the Benefit Restoration                Plan immediately prior to such commencement of                participation. |
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**ARTICLE      IV - **
**V**
**esting**

| 4.1   | **Vesting                of Account.**A                Participant's Account shall be 0% vested until a Participant has                completed                five (5) Vesting Years of Service, at which time his or her Account                shall                be 100% vested. |
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| **4.2  ** | **Vesting                in Event of Retirement, Disability, or                Death.** |
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| (a)   | A                Participant who separates from service due to Disability shall be                fully* *vested                in the amounts credited to his or her                Account. |
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| (b)   | A                Participant shall be fully* *vested                in the amounts credited to his or her Account if the Participant                retires                after attaining Retirement Age. |
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| (c)   | A                Participant who separates from service due to death shall be                fully* *vested                in the amounts                credited to his or her Account. |
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| 4.3   | **Amounts                Not Vested.**Any                amounts credited to a Participant's Account that are not vested                at the time of his or her separation from service with the Employer                for a                reason other than Retirement, Disability, or death shall be                forfeited. |
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**ARTICLE      V - **
**Accounts**

| 5.1   | **Bookkeeping                Accounts.**The                Administrator shall establish and maintain a bookkeeping account                in the name of each Participant. |
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| **5.2  ** | **Adjustment                and Crediting of Accounts.** |
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| (a)   | The                Administrator shall adjust the amounts credited to each Participant's                Account to                reflect Employer Credits, distributions, interest, and any other                appropriate adjustments.                Such adjustments shall be made as administratively determined in                the                discretion of the Administrator. |
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| (b)   | The                interest credited to a Participant's Account shall be a fixed rate                of                return assumption equal to seven and one-half percent (7.5%). The                rate of                return assumption may be changed on a prospective basis by the                Administrator in its discretion. |
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| 5.3   | **Investment                of Trust Assets.**Employer                contributions or funds set aside in order to facilitate                the payments of benefits under this Plan in accordance with Article                VIII                may, in the                sole discretion of the Employer, be set aside in a Trust in order                to                facilitate the payments of benefits under this Plan. Any such Trust                assets                shall be invested in accordance with the terms of the applicable                Trust                Agreement. Under no circumstances shall any Participant have any                preferential or secured right to or interest in any assets of such                Trust, and the rights of each Participant (and if applicable, any                beneficiary or survivor                annuitant) shall remain that of a general                creditor. |
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| 5.4   | **Forfeitures.**Excess                Employer contributions or funds held in the Trust resulting from                forfeiture of amounts credited to a Participant's Account shall continue                to be held in the Trust and invested at the discretion of the Employer.                Such amounts may be used to reduce succeeding Employer contributions                to                the Trust made for the purpose of funding the benefits due under                this                Plan. If no further Employer Contributions will be made, then such                forfeitures shall be returned to the                Employer. |
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| 5.5   | **Employer                Stock Account.**In                the discretion of the Employer and by separate agreement between                a Participant or retiree and the Administrator, the individual Participant                Account of                a Participant or retiree may, in lieu of being credited with interest                in                accordance with Section                5.2 above, be adjusted by reference to the value of shares of Employer                stock credited                to such Participant's or retiree's                Account. |
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**ARTICLE      VI - **

| 6.1   | **Entitlement                to Distribution**.                A                Participant shall be entitled to distribution due to separation from                service on account of death, Disability, Early Retirement, Retirement                or                any other reason, provided the Participant is vested in his                Account. |
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| 6.2   | **Distribution                Election.**** ** |
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| (a)   | General                Rule.                Distribution of the vested balance of a Participant’s Accounts shall be                made in accordance with his or her election which indicates the                Participant’s choice with respect to the form and timing of his or her                distribution among the options available under Sections 6.3 and 6.4                hereof. Such distribution elections must be made at the time the                Participant completes his or her initial Participation Agreement                in                accordance with Section 2.1. A Participant may modify his or her                previously-made elections relating to the time and form of distribution                in                accordance with Section 6.2(b). Notwithstanding the preceding,                if                an Eligible Employee is participating in the Plan in 2005 or 2006                and has                not previously designated the form and timing of the distribution                of his                or her Accounts or desires to modify a previously-filed distribution                election, he or she must make or modify such an election, as the                case may                be, and file it with the Administrator on or before December 31,                2006;                provided, however, that a Participant may not file a modified payment                election in 2006 that has the effect of deferring payment of amounts                the                Participant would otherwise receive in 2006 or cause payments to                be made                in 2006 that would otherwise be made subsequent to 2006. The elections                referred to in the immediately preceding sentence shall not be required                to                meet the requirements of Section 6.2(b). |
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| (b)   | Modification                to the Time or Form of Distribution.                Except as may be permitted under 6.2(a) hereof, any election by a                Participant to modify a previously-filed distribution election is                ineffective unless all of the following requirements are                satisfied: |
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| (i)   | Such                modification may not be effective for at least twelve (12) months                after                the date on which the modification is                made. |
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| (ii)   | Except                in the case of modifications relating to distributions on account                of death                or Disability, the modification must provide that payment will not                commence for at least five (5) years from the date payment would                otherwise                have been made or commenced. |
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| (iii)   | A                modification related to a distribution to be made at a specified                time or                under a fixed schedule may not be made less than twelve (12) months                prior                to the date of the first otherwise scheduled payment. |
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| (iv)   | Such                modification may not permit acceleration of the time or schedule                of any                payment under the Plan, except as may be permitted pursuant to applicable                Treasury Regulations. |
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| 6.3   | **Form                of Payment.**A                Participant entitled to distribution shall receive such distribution                in                one of the following forms, as previously elected by the Participant                in                accordance with Section 6.2 and commencing in accordance with Section                6.4:                (i)                a single life annuity; (ii)                a joint and                50%, 75% or 100% survivor annuity; (iii) a ten-year certain and life                annuity; (iv) a five-year certain and life annuity; and (v) one lump                sum. If                payment is to be made in the                form of an annuity, the amount payable to a Participant (and if                applicable, the survivor annuitant) as an annuity shall be determined,                in                the sole discretion of the Administrator,                by reference to a commercial annuity which could be purchased from                an insurer with the Participant's vested Account at the time such                payments                are                to commence. Under                no circumstances shall the Participant have any preferential                or secured right to or interest in any annuity contract purchased                from                an                insurer by the Employer or Trustee, and the rights of such Participant                (and if applicable,                the survivor annuitant) shall remain that of a general                creditor. |
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| 6.4   | **Commencement                of Payment**.  |
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| (a)   | For                purposes of this Section 6.4, the “Earliest Distribution Date” shall mean                the earliest date on which distribution could be made or commence                to the                Participant under the Pension Plan, determined with regard to each                Participant as of the date the Participant commenced participation                under                this Plan, without regard to any applicable amendments to the Pension                Plan                effective subsequent to the date the Participant commenced participation                under this Plan. |
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| (b)   | Subject                to paragraph (c) of this Section 6.4, payment to a Participant shall                be                made or commence on the Earliest Distribution Date; provided, however,                that the Participant may elect, in accordance with Section 6.2, to                defer                payment to a date subsequent to the Earliest Distribution Date. |
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| (c)   | Notwithstanding                anything contained herein to the contrary, if a Participant is a                Key                Employee and separates from service for a reason other than death                or                Disability, such Participant’s distribution may not commence earlier than                six (6) months from the date of his or her separation from service.                Any                payment that would have been made within six (6) months of the                Participant’s separation from service without regard to the foregoing                sentence shall instead be made on the first day of the month following                the                date that is six (6) months from the date on which the Participant                separated from service. |
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| 6.5   | **Minimum                Distribution**.                Notwithstanding                any provision to the contrary, but subject to Section 6.4(c), if                the                balance of a Participant's Account at the time of a termination due                to                Retirement or Disability is less than $50,000, then the Participant                shall                be paid his or her benefits as a single lump sum thirty (30) days                following the Participant’s separation from                service. |
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**ARTICLE      VII - **
**Beneficiaries**

| 7.1   | **Beneficiaries**. |
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| (a)   | Each                Participant may from time to time designate one or more persons,                entities,                or his or her estate as his or her beneficiary under the Plan. Such                designation shall be made on a form prescribed by the                Administrator. |
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| (b)   | A                Participant’s beneficiary shall be his spouse, as such individual is                determined under the Pension Plan. Notwithstanding the foregoing,                the                Participant may designate a beneficiary other than the spouse                if: |
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| (i)   | the                Participant has no spouse; |
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| (ii)   | the                spouse cannot be located; or |
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| (iii)   | the                spouse consents in accordance with Subsection (c)                below. |
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| (c)   | In                the case of a married Participant or former Participant, the designation                of a non-spouse as beneficiary shall be valid only                if: |
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| (i)   | the                spouse consents in writing to the designation; |
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| (ii)   | the                designation specifies the beneficiary and may not be changed without                spousal consent (or the spouse’s consent expressly permits designations by                the Participant without any requirement of further spousal consent);                and |
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| (iii)   | the                spouse’s consent acknowledges the effect of the election. Each Participant                may from time to time designate one or more persons, entities                or his or her estate as his or her beneficiary under the Plan. Such                designation shall be                made on a form prescribed by the                Administrator. |
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| 7.2   | **Change                of Beneficiary Designation.**Each                Participant may, at any time and from time to time, change any previous                beneficiary designation, provided the requirements of Section 7.1(b)                or                (c) are satisfied, if applicable, by                amending his or her previous designation on a form prescribed                by the Administrator. |
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| **7.3  ** | **Determination                of Beneficiary.** |
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| (a)   | If                the beneficiary does not survive the Participant (or is otherwise                unavailable to receive payment), if the beneficiary does not survive                until                the final payment is made                or if no beneficiary is validly designated, then the amounts payable                under                this                Plan (or any remaining amount, as the case may be) shall be paid                to the                Participant's                designated contingent beneficiary, if any, and, if none, to the                Participant's                surviving spouse, if any, and if none, to his or her surviving issue                per                stirpes,                if any, and, if none, to his or her estate and such person shall                be deemed                to be                a beneficiary hereunder. (For purposes of this Article, a per stirpes                distribution to surviving issue means a distribution to such issue                as                representatives of the branches of the descendants of such Participant;                equal shares are allotted for each living child and for the descendants                as                a group of each deceased child of the deceased                Participant). |
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| (b)   | If                more than one person is the beneficiary of a deceased Participant,                each                such person                shall receive a pro rata share of any death benefit payable unless                otherwise designated                on the applicable form. |
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| (c)   | If                a beneficiary who is receiving benefits dies, all benefits that were                payable to such                beneficiary shall then be payable to the estate of that                beneficiary. |
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| (d)   | If                the Administrator has any doubt as to the proper Beneficiary to receive                payments hereunder, the Employer shall have the right to withhold                such                payments until                the matter is finally adjudicated. However, any payment made by the                Employer,                in good faith and in accordance with this Plan, shall fully discharge                the                Employer                from all further obligations with respect to that                payment. |
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| **7.4  ** | **Lost                Beneficiary.** |
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| (a)   | All                Participants and beneficiaries shall have the obligation to keep                the                Administrator                informed of their current address until such time as all benefits                due have                been paid. |
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| (b)   | If                a Participant or beneficiary cannot be located by the Administrator                exercising due                diligence, then, in its sole discretion, the Administrator may presume                that the Participant                or beneficiary is deceased for purposes of the Plan and all unpaid                amounts                (net of due diligence expenses) owed to the Participant or beneficiary                shall be                paid to his/her estate. Any such presumption of death shall be final,                conclusive                and binding on all                parties.  |
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**ARTICLE      VIII - **
**Funding**

| 8.1   | **Prohibition                Against Funding.**Benefits                payable under this Plan shall be paid from the general assets of                the                Employer, or at the discretion of the Employer, from assets set aside                in                a trust for deferring the cost of providing the benefits due under                this                Plan; provided, however,                that no person entitled to payment under this Plan shall have any                claim,                right, priority,                security interest, or other interest in any fund, trust, account,                or other                asset of the Employer                that may be looked to for such payment. The                liability for the payment of benefits                hereunder shall be evidenced only by this Plan and by the existence                of a                bookkeeping                accounts established and maintained by the Employer for purposes                of this                Plan.                It is the express intention of the parties hereto that this arrangement                shall be unfunded                for tax purposes and for purposes of Title I of the Employee Retirement                Income Security                Act of 1974, as amended. |
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| 8.2   | **Deposits                in Trust.**Notwithstanding                Section 8.1, or any other provision of this Plan to the contrary,                the Employer may deposit into the Trust any amounts it deems appropriate                to pay                the benefits under this Plan. The amounts so deposited shall remain                the                general assets of the Employer. |
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**ARTICLE      IX - **
**Claims      Administration**

| 9.1   | **General.** In                the event that a Participant or his or her beneficiary does not receive                any Plan benefit                that is claimed, such Participant or beneficiary shall be entitled                to                consideration and                review as provided in this Article. Such consideration and review                shall be                conducted in                a manner designed to comply with section 503 of the Employee Retirement                Income Security                Act of 1974, as amended. |
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| 9.2   | **Claim                Review.** Upon                receipt of any written claim for benefits, the Administrator shall                be                notified                and shall give due consideration to the claim presented. If the claim                is                denied to any                extent by the Administrator, the Administrator shall furnish the                claimant                with a written                notice setting forth (in a manner calculated to be understood by                the                claimant): |
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| (a)   | the                specific reason or reasons for denial of the                claim; |
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| (b)   | a                specific reference to the Plan provisions on which the denial is                based; |
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| (c)   | a                description of any additional material or information necessary for                the                claimant to                perfect the claim and an explanation of why such material or information                is necessary;                and |
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| (d)   | an                explanation of the provisions of this                Article. |
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| 9.3   | **Right                of Appeal.** A                claimant who has a claim denied under section 9.2 may appeal to the                Administrator                for reconsideration of that claim. A request for reconsideration                under                this section                must be filed by written notice within sixty (60) days after receipt                by                the claimant of                the notice of denial under section                9.2. |
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| 9.4   | **Review                of Appeal.**                Upon receipt of an appeal the Administrator shall promptly take                action                to give due consideration to the appeal. Such consideration may include                a                hearing of                the parties involved, if the Administrator determines such a hearing                is                necessary. In preparing for                this appeal, the claimant shall be given the right to review documents                relevant to the benefit claim and the right                to submit in writing a statement of issues and comments. After                consideration of the merits                of the appeal, the Administrator shall issue a written decision which                shall be binding                on all parties. The decision shall be written in a manner calculated                to be                understood                by the claimant and shall specifically state its reasons and pertinent                Plan provisions                on which it relies. The Administrator's decision shall be issued                within                sixty (60) days after the appeal is filed, except that if a hearing                is                held the decision may be issued                within one hundred twenty (120) days after the appeal is                filed. |
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| 9.5   | **Designation.**The                Administrator may designate one or more of its members or any other                person                of its choosing to make any determination otherwise required under                this                Article. |
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**ARTICLE      X - **
**General      Provisions**

| **10.1  ** | **Administrator.** |
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| (a)   | The                Administrator is expressly empowered to deposit amounts into Trust(s)                in                accordance                with this Plan; to interpret the Plan, and to determine all questions                arising in the administration, interpretation and application of                the Plan;                to employ actuaries,                accountants, counsel, and other persons it                deems necessary in connection with the administration of the Plan;                to                request any information from the Employer it deems necessary to determine                whether the Employer would be considered                insolvent or subject to a proceeding in bankruptcy; and to take all                other                necessary                and proper actions to fulfill its duties as                Administrator. |
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| (b)   | The                Administrator shall not be liable for any actions by it hereunder,                unless                due to its                own negligence, willful misconduct or lack of good                faith. |
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| (c)   | The                Administrator shall be indemnified and saved harmless by the Employer                from                and                against all personal liability to which it may be subject by reason                of any                act done                or omitted to be done in its official capacity as Administrator in                good                faith in the                administration of the Plan and Trust, including all expenses                reasonably incurred                in its defense in                the                event the Employer fails to provide such defense upon the request                of the                Administrator. The Administrator is                relieved of all responsibility                in connection with its duties hereunder to the fullest extent permitted                by law, short of breach of duty to the                beneficiaries. |
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| 10.2   | **No                Assignment.**Benefits                or payments under this Plan shall not be subject in any manner                to                anticipation, alienation, sale, transfer, assignment, pledge, encumbrance,                attachment, or                garnishment                by creditors of the Participant or the Participant's beneficiary,                whether voluntary                or involuntary, and any attempt to so anticipate, alienate, sell,                transfer, assign,                pledge,                encumber, attach or garnish the same shall not be valid, nor shall                any                such benefit or                payment be in any way                liable                for or subject to the debts, contracts, liabilities, engagement                or torts of any Participant or beneficiary, or any other person entitled                to such                benefit or payment pursuant to the terms of this Plan, except to                such                extent as may be required                by law. If any Participant or beneficiary or any other person entitled                to                a benefit or payment pursuant to the terms of this Plan becomes bankrupt                or attempts to anticipate, alienate, sell, transfer, assign, pledge,                encumber, attach or garnish any benefit or payment under                this Plan, in whole or in part, or if any attempt is made to subject                any                such benefit or                payment, in whole or in part, to the debts, contracts, liabilities,                engagements or torts of                the                Participant or beneficiary or any other person entitled to any such                benefit or payment pursuant                to the terms of this Plan, then such benefit or payment, in the discretion                of the Administrator, shall cease and terminate with respect to such                Participant or beneficiary, or                any other such person. |
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| 10.3   | **No                Employment Rights.**Participation                in this Plan shall not be construed to confer upon any                Participant the legal right to be retained in the employ of the Employer,                or                give a Participant or beneficiary, or any other person, any right                to any                payment whatsoever, except                to the extent of the benefits provided for hereunder. Each                Participant shall remain subject                to discharge to the same extent as if this Plan had never been                adopted. |
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| 10.4   | **Incompetence.**                If                the Administrator determines that any person to whom a benefit is                payable                under this Plan is incompetent by reason of physical or mental disability,                the                Administrator shall have the power to cause the payments becoming                due to                such person to                be made to another for his or her benefit without responsibility                of the                Administrator or the                Employer to see to the application of such payments. Any payment                made                pursuant to such power shall, as to such payment, operate as a complete                discharge of the Employer, the                Administrator and the Trustee. |
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| 10.5   | **Identity.** If,                at any time, any doubt exists as to the identity of any person entitled                to                any payment                hereunder or the amount or time of such payment, the Administrator                shall                be                entitled                to hold such sum until such identity or amount or time is determined                or                until an order                of a court of competent jurisdiction is obtained. The                Administrator shall also be entitled to pay such sum into court in                accordance with the appropriate rules of law. Any                expenses                incurred by the Employer, Administrator, and Trust incident to such                proceeding or                litigation shall be charged against the Account of the affected                Participant. |
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| 10.6   | **Other                Benefits.** The                benefits of each Participant or beneficiary hereunder shall be in                addition                to any benefits paid or payable to or on account of the Participant                or                beneficiary under                any other pension, disability, annuity or retirement plan or policy                whatsoever. |
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| 10.7   | **No                Liability.** No                liability shall attach to or be incurred by any manager of the Employer,                Trustee                or any Administrator under or by reason of the terms, conditions                and                provisions contained in this Plan, or for the acts or decisions taken                or                made thereunder                or in connection                therewith; and as a condition precedent to the establishment of this                Plan                or the receipt                of benefits thereunder, or both, such liability, if any, is expressly                waived and released                by each Participant and by any and all persons claiming under or                through                any                Participant                or any other person. Such waiver and release shall be conclusively                evidenced by                any act or participation in or the acceptance of benefits or the                making of                any election under                this Plan. |
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| 10.8   | **Expenses.**All                expenses incurred in the administration of the Plan, whether incurred                by                the                Employer or the Plan, shall be paid by the                Employer. |
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| 10.9   | **Insolvency.** Should                the Employer be considered insolvent (as defined by the Trust), the                Employer,                through its Board and chief executive officer, shall give immediate                written                notice                of such to the Administrator of the Plan and the Trustee. Upon receipt                of                such notice,                the Administrator or Trustee shall comply with the terms of the                Trust. |
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| **10.10  ** | **Amendment.**** ** |
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| **10.11  ** | **Plan                Termination.** |
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| (a)   | The                Employer may terminate the Plan upon occurrence of any one of the                following: |
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| (i)   | Within                twelve (12) months of the Employer’s dissolution taxed under Section 331                of the Code or with the approval of a bankruptcy court pursuant to                11                U.S.C. Section 503(b)(1)(A), provided that the amounts deferred under                the                Plan are included in the Participants’ gross income in the latest                of: |
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| (I)   | The                calendar year in which the Plan termination                occurs; |
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| (II)   | The                calendar year in which the amount is no longer subject to a substantial                risk of forfeiture; or |
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| (III)   | The                first calendar year in which the payment is administratively practicable. |
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| (ii)   | Within                the thirty (30) days preceding or the twelve (12) months following                a                Change in Control, provided all substantially similar arrangements                (within                the meaning of Section 409A of the Code and related guidance issued                thereunder) sponsored by the Employer are also terminated, so that                the                Participant and all participants under substantially similar arrangements                are required to receive all amounts of compensation deferred under                the                terminated arrangements within twelve (12) months of the date of                termination of the arrangements. |
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| (iii)   | At                the discretion of the Employer, provided that all of the following                requirements are satisfied: |
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| (I)   | All                arrangements sponsored by the Employer that would be aggregated with                any                terminated arrangement under Section 1.409A-1(c) if the same Participant                participated in all of the arrangements are terminated; |
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| (II)   | No                payments other than payments that would be payable under the terms                of the                arrangements if the termination had not occurred are made within                twelve                (12) months of the termination of the arrangements; |
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| (III)   | All                payments are made within twenty-four (24) months of the termination                of the                arrangements; and |
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| (IV)   | The                Employer does not adopt a new arrangement that would be aggregated                with                any terminated arrangement under Section 1.409A-1(c) if the same                Participant participated in both arrangements, at any time within                five (5)                years following the date of termination of the                arrangement. |
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| (iv)   | Such                other events and conditions as the Commissioner of Internal Revenue                may                prescribe in generally applicable guidance published in the Internal                Revenue Bulletin. |
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| (b)   | A                Participant shall have a right to the vested portion of his or her                Account                in the event                of the termination of the Plan |
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| (c)   | Any                funds remaining in the Trust after termination of the Plan and                satisfaction of all liabilities to Participants and others, shall                be                returned to the Employer. |
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| 10.12   | **Employer                Determinations.**Any                determinations, actions or decisions of the Employer (including                but not limited to, Plan amendments and Plan termination) shall be                made by                the                Board in accordance with its established procedures or by such other                individuals, groups                or organizations that have been properly delegated by the Board to                make                such determination or decision. |
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| 10.13   | **Construction.**All                questions of interpretation, construction or application arising                under or                concerning                the terms of this Plan shall be decided by the Administrator, in                its                sole                and final                discretion, whose decision shall be final, binding and conclusive                upon all                persons. |
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| 10.14   | **Governing                Law.**This                Plan shall be governed by, construed and administered                in accordance                with the applicable provisions of the Employee Retirement Income                Security                Act                of 1974, as amended, Code Section 409A, and any other applicable                federal                law, provided, however, that to the                extent not preempted by federal law this Plan shall be governed by,                construed and                administered                under the laws of the State of Texas, other than its laws respecting                choice of law. |
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| 10.15   | **Severability.**If                any provision of this Plan is held invalid or unenforceable, its                invalidity or                unenforceability shall not affect any other provision of this Plan                and                this Plan shall be construed                and enforced as if such provision had not been included therein.                If                the inclusion of any Employee (or Employees) as a Participant under                this                Plan would cause the                Plan to fail to be maintained solely for a select group of highly                compensated or                management                employees, then the Plan shall be severed with respect to such Employee                or                Employees                who shall be considered to be participating in a separate                arrangement. |
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| 10.16   | **Entire                Agreement.**This                instrument contains the entire terms of the Plan and supersedes                any                prior understandings or                written                documents which have heretofore set forth the terms of                the Plan and/or any oral agreements between the Employer and any                of the                Participants respecting                the within subject matter. No modification, amendment, change, or                discharge of                any term or provision of this Plan shall be valid or binding unless                the                same                is in writing                and signed by a duly authorized officer of the                Employer. |
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| 10.17   | **Headings.**The                Article headings contained herein are inserted only as                a matter of convenience                and for reference and in no way define, limit, enlarge or describe                the                scope or                intent of this Plan nor in any way shall they affect this Plan or                the                construction of any provision                thereof. |
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| 10.18   | **Terms.**Capitalized                terms shall have meanings as defined herein. Singular nouns shall                be read                as plural, masculine pronouns shall be read as feminine, and vice                versa,                as appropriate. |
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**WEINGARTEN      REALTY INVESTORS**