Document:

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                                                                   EXHIBIT 10.27

                              DOMINION HOMES, INC.

                       ENDORSEMENT SPLIT DOLLAR AGREEMENT

THIS AGREEMENT, effective January 1, 2003, is made this 20/th/ day of December,
2002, by and between Dominion Homes, Inc. ("Company") and Douglas G. Borror who
is an employee of Company ("Insured").

WHEREAS, the Company and the Insured previously entered into a split-dollar
agreement dated January 15, 2001 ("Prior Arrangement"); and

WHEREAS, due to changes in the laws governing split-dollar arrangements, the
Company and the Insured want to revise the Prior Arrangement; and

WHEREAS, the Company wants to provide death benefit protection if the Insured
dies while actively employed and if other conditions described in this Agreement
are met; and

WHEREAS, the Company and the Insured have agreed to substitute this agreement
for the Prior Agreement and the Insured has transferred to the Company his or
her ownership rights in the policy subject to the Prior Agreement;

NOW, THEREFORE, in consideration of the premises and mutual promises described
below, the parties agree to cancel the Prior Arrangement, subject to the
following terms:

1.   Policy Title and Ownership. By entering into this Agreement, the Insured
surrenders all rights under the Prior Arrangement and under the policy (or
policies) through which the Prior Arrangement was funded and agrees to execute
all documents required to transfer that interest to the Company. Title and
ownership of the policies described in Attachment A to the Agreement
("Policies") will reside in the Company for its use and for the use of the
Insured, all in accordance with this Agreement. The Company will not borrow
against or withdraw from the policy cash values.

2.   Beneficiary Designation Rights. The Insured (or his or her assignee) will
have the right and power to designate a beneficiary or beneficiaries to receive
his or her share of the proceeds payable on his or her death and to elect and
change a payment option for such beneficiaries but subject to any right or
interest the Company may have in such proceeds as provided in this Agreement.

3.   Policy Dividends. Any dividend declared on the Policy will be applied to
purchase additional paid-up insurance on the Insured's life.

4.   Premium Payments. For periods during which the Policy is outstanding,
premiums will be paid as follows:

     (a)  The Company will pay all premiums due.

     (b)  On or before the date it is due (or within any grace period provided
     under the Policy), the Company will pay to the Insurer the full amount of
     each Policy premium due and, if asked to do so, will give the Insured
     evidence that these premiums have been paid.

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     (c)  If any Policy contains any disability waiver of premium or mortality
     charge provision, neither the Insured nor the Company will be required to
     pay any Policy premium for any period that waiver is in effect.

     (d)  As of the end of each calendar year, the Company will give the Insured
     a statement of any taxable income arising under this program. The Insured
     is solely responsible for calculating and paying his or her income tax
     liability on this income.

5.   Division of Death Proceeds of Policy

     (a)  Subject to the terms of paragraph 5(b), the Company will be entitled
     to an amount equal to the cumulative premiums paid as of the date of death
     or, if greater, the policy's cash value determined as of the date of death.
     Such cash value will include any outstanding dividend accumulations and the
     cash value of any paid-up additions and any postmortem dividends determined
     as of the date of death.

     (b)  (1)  Despite paragraph 5(a), the Company will irrevocably waive its
     right to receive the amounts described in paragraph 5(a) if the Insured
     dies while actively employed but:

               (i)    After both (A) completing at least 10 years of
               participation (calculated from January 1, 1999) and (B) the
               Company's net worth (calculated by applying standard accounting
               principles) first exceeds $100,000,000; or

               (ii)   After a "change of control" [as defined in paragraph 5(c)]
               occurs; and

          (2)  The Insured dies while actively employed but after reaching age
          55; or

          (3)  For any other reason, the Company decides to waive its interest
          in the Policy.

     (c)  For purposes of this Agreement, "Change of Control" means the
     occurrence of the first of any of the following events:

          (1)  Douglas Borror and David Borror both cease to be members of
          Company's Board of Directors; or

          (2)  Any direct or indirect acquisition by a "person," including a
          "group" [as such terms are used in Sections 13(d) and 14(d)(2) of the
          Securities Exchange Act of 1934, as amended ("Act")] after which the
          "person" or "group" is the "beneficial owner" (as defined in Rule
          13d-3 under the Act), directly or indirectly, of securities of the
          Company representing more than 40 percent of the combined voting power
          of the Company's then outstanding securities; provided, however, that
          "person" or "group" will not include (i) the Company, (ii) any entity
          under common control with the Company [within the meaning of Section
          414 of the Internal Revenue Code of 1986 ("Code")], (iii) BRC
          Properties Inc. or any

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          of its shareholders or members of the family [as defined in Code
          (S)318] of Donald Borror or [iv] any employee benefit plan of any
          entity described in Section 5(c)(2)(i), (ii) and/or (iii) of this
          definition; or

          (3)  The adoption or authorization by the shareholders of the Company
          of a definitive agreement or a series of related agreements (i) for
          the merger or other business combination of the Company with or into
          another entity in which the shareholders of the Company immediately
          before the effective date of that merger or other business combination
          own less than 50 percent of the voting power in the entity immediately
          after the effective date of that merger or other business combination;
          or (ii) for the sale or other disposition of all or substantially all
          of the assets of the Company; or

          (4)  The adoption by the shareholders of the Company of a plan
          relating to the liquidation or dissolution of the Company.

6.   Limits on Insured's Rights in the Policy.

     (a)  Except as specifically provided in this Agreement, the Insured may not
     sell, assign, transfer, borrow against, surrender or cancel his or her
     rights under the Policy or change the dividend election described in
     paragraph 3 without the Company's written consent.

     (b)  Regardless of any other provision of this Agreement, the Employee may
     absolutely and irrevocably transfer his or her rights under the Policy to a
     donee, subject to the terms of paragraph 5.

7.   Collection of Death Benefits.

     (a)  If the Insured dies while the Policy is in effect and while he or she
     is actively employed, the Insured's beneficiary will receive a death
     benefit equal to the amount specified in Attachment B. Subject to paragraph
     5, the balance of any death benefit payable under any Policy will be paid
     to the Company. The Company will cooperate with the named beneficiary to
     take any action necessary to collect the death benefit under the Policy.
     This Agreement will terminate when that benefit has been collected and paid
     as provided in this paragraph.

     (b)  If the Insured terminates employment for any reason other than death,
     no death benefit will be paid under the Policy and the Company will
     surrender the Policy and be solely entitled to all value associated with
     that Policy.

8.   Cash Surrender Value. The Company will be entitled to an amount equal to
the policy's cash value, determined as of the date of surrender less any
indebtedness and interest on such indebtedness determined as of the date of
surrender. Such cash value will include any outstanding dividend accumulations
or cash value of any paid-up additions determined as of the date of surrender.

9.   Termination of Agreement During the Insured's Lifetime. This Agreement will
automatically terminate if the Insured terminates employment for any reason
other than death before the Policy is distributed to him or her.

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10.  Insurer Not a Party. The Insurer is not a party to this Agreement and has
no obligation or duty under this Agreement and will have fully discharged its
obligations by paying benefits under the terms of the Policy. No provision of
this Agreement or any modification or amendment of this Agreement will, in any
way, be construed as enlarging, changing or in any way affecting the Insurer's
obligations.

11.  Named Fiduciary, Determination of Benefits, Claims Procedure and
Administration.

     (a)  The Company is the named fiduciary under this Agreement and has
     authority to control and manage the operation and administration of this
     Agreement and must establish a funding policy and method consistent with
     the objectives stated in this Agreement.

     (b)  The Company will apply the following claims procedure to resolve any
     disputes under this Agreement.

          (i)    Filing Claims. The Insured or his or her beneficiary may file a
          claim for Plan benefits with the Company.

          (ii)   Notification to Claimant. If a claim is wholly or partially
          denied, the Company will send a written notice of denial to the
          claimant. This notice must be sent within 90 days after receipt of the
          claim, must be written in a manner calculated to be understood by the
          claimant and must include (A) the specific reason or reasons for which
          the claim was denied, (B) specific reference to pertinent Plan
          provisions, rules, procedures or protocols upon which the Company
          relied to deny the claim, (C) a description of any additional material
          or information that the claimant may file to perfect the claim and an
          explanation of why this material or information is necessary and (D) a
          description of the steps the claimant may take to appeal an adverse
          determination including a statement of the claimant's right to bring
          an action under ERISA after all appeals have been exhausted.

          (iii)  Review Procedure. If a claim has been wholly or partially
          denied, the affected claimant, or his or her authorized representative
          may (A) request that the Company reconsider its initial denial by
          filing a written appeal no more than 60 days after receiving written
          notice that all or part of the initial claim was denied, (B) review
          pertinent documents and other material upon which the Company relied
          when denying the initial claim, and (C) submit a written description
          of the reasons for which the claimant disagrees with the Company's
          initial adverse decision. An appeal of an initial denial of benefits
          and all supporting material must be made in writing and directed to
          the Company. The Company is solely responsible for reviewing all
          benefit claims and appeals and taking all appropriate steps to
          implement its decision.

          (iv)   Decision on Review. The Company will render its decision within
          60 days of receiving a benefit appeal. However, if special
          circumstances (such as the need to hold a hearing on any matter
          pertaining to the denied claim) require additional time, this decision
          will be rendered as soon as possible, but, not later than 120 days
          after receipt of the claimant's written

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          appeal and only if the Company notifies the claimant, in writing, that
          it needs more time to review an appeal and why that additional time is
          needed. The Company's decision on review will be sent to the claimant
          in writing and will include specific reasons for the decision, written
          in a manner calculated to be understood by the claimant, specific
          references to the pertinent Plan provisions, rules, procedures or
          protocols upon which the Company relied to deny the appeal and a
          statement that the claimant is entitled to receive, upon request and
          free of charge, reasonable access to, and copies of, all documents
          relevant to the claim and a statement regarding the claimant's right
          to bring an action under ERISA.

12.  Amendment. This Agreement may not be amended, altered or modified except by
the written agreement of each party or their respective successors or assigns
and may not be terminated except under the terms specifically provided in this
Agreement.

13.  Binding Effect. This Agreement is binding upon and will inure to the
benefit of the Company and its successors and assigns and to the Insured and his
or her successors, assigns, heirs, executors, administrators and beneficiaries.

14.  Notices. Any notice, consent or demand made under this Agreement must be
written and signed by the party issuing it. If a notice, consent or demand is
mailed, it must be sent by United States certified mail, postage prepaid,
addressed to the recipient's last known address. The date any notice, consent or
demand is mailed will be treated as the date it is given.

15.  Mutual Cooperation. Each party agrees to perform all acts contemplated
under this Agreement and the Policy.

16.  Governing Law. This Agreement, and all rights arising under it, will be
governed by the laws of the United States and, where applicable, by the laws of
Ohio.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and
year written above.

Dominion Homes, Inc

          By: /s/ Robert A. Meyer, Jr.
             -----------------------------------

          Date Signed: 12/20/2002
                      --------------------------
/s/ Douglas G. Borror
------------------------------------------------

Douglas G. Borror

          Date Signed: 12/20/2002
                      --------------------------

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                                  ATTACHMENT A

                                       TO

                              DOMINION HOMES, INC.

                      SPLIT-DOLLAR LIFE INSURANCE AGREEMENT

                                       FOR

                                Douglas G. Borror

                            IDENTIFICATION OF POLICY

The Policy that is the subject of this Agreement is Policy Number 1Y000800 and
will be purchased from the New England Financial Life Insurance Company
("Insurer") in the amount of $8,500,000.

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                                  ATTACHMENT B

                                       TO

                              DOMINION HOMES, INC.

                      SPLIT-DOLLAR LIFE INSURANCE AGREEMENT

                                       FOR

                                Douglas G. Borror

                   DEATH BENEFIT PAYABLE UNDER THIS AGREEMENT

The death benefit provided under this Agreement will be the aggregate of the
amount specified below plus any additional death benefit purchased by
application of Policy premiums as provided in paragraph 3 of this Agreement,
less the vale of any amount payable to the Company as provided in paragraph 5.

                        Split Dollar Benefit = $8,000,000

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                              DOMINION HOMES, INC.

                              SUPPLEMENTAL SCHEDULE
                                       TO
                       ENDORSEMENT SPLIT DOLLAR AGREEMENT

     The following table shows the amount of the death benefit each executive
officer is entitled to under each executive officers' Endorsement Split Dollar
Agreement.

--------------------------------------------------------------------------------
Named Executive Officer                      Death Benefit

--------------------------------------------------------------------------------
Douglas G. Borror                              $8,000,000

--------------------------------------------------------------------------------
Jon M. Donnell                                 $6,000,000

--------------------------------------------------------------------------------
David S. Borror                                $1,200,000

--------------------------------------------------------------------------------
Robert A. Meyer, Jr.                           $  775,000

--------------------------------------------------------------------------------
Peter J. O'Hanlon                              $  420,000

--------------------------------------------------------------------------------

     The following table shows the cash compensation paid by the Company to each
executive officer upon the execution of the Endorsement Split Dollar Agreement.

--------------------------------------------------------------------------------
Named Executive Officer                     Cash Compensation

--------------------------------------------------------------------------------
Douglas G. Borror                              $   19,344

--------------------------------------------------------------------------------
Jon M. Donnell                                 $   11,318

--------------------------------------------------------------------------------
David S. Borror                                $    3,537

--------------------------------------------------------------------------------
Robert A. Meyer, Jr.                           $    2,971

--------------------------------------------------------------------------------
Peter J. O'Hanlon                              $    1,232

--------------------------------------------------------------------------------<PAGE>

                                                                   EXHIBIT 10.28

                              DOMINION HOMES, INC.

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                                                       Effective January 1, 2003

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                                                                   EXHIBIT 10.28

                              DOMINION HOMES, INC.

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                                  1.00 Purpose

Effective January 1, 2003, Dominion Homes, Inc. establishes the Dominion Homes,
Inc. Supplemental Executive Retirement Plan to provide the benefits described in
this document. This Plan is intended to be an unfunded, nonqualified program of
deferred compensation within the meaning of Title I of ERISA.

                                2.00 Definitions

Whenever used in this Plan, the following words and phrases will have the
meanings given to them in this section, unless another meaning is expressly
provided elsewhere in this Plan. Also, the form of any term will include all of
its other forms. Other words and phrases also may be defined in the Plan text.

2.01     Account: The account established for each Participant under Section
4.01.

2.02     Beneficiary: The person a Member names to receive the balance of a
Participant's Account that is payable under Section 5.01.

2.03     Board: The Employer's board of directors or other governing body.

2.04     Cause:

         [1] Any unauthorized disclosure of the Group's (or any Group Member's)
         business practices or accounts to a competitor that results in serious
         damage to the Group (or to any Group Member);

         [2] Willful and wrongful misappropriation of funds, property or rights
         of the Group (or of any Group Member) that results in serious damage to
         the Group (or to any Group Member);

         [3] Willful and wrongful destruction of business records or other
         property that results in serious damage to the Group or to any Group
         Member;

         [4] Conviction of a felony involving moral turpitude;

         [5] Conviction of a misdemeanor involving moral turpitude but only if
         the conviction arose as part of a plea bargain and relates to acts that
         were originally charged as felonies;

         [6] Gross and willful misconduct that results in serious damage to the
         Group or to any Group Member;

         [7] Material breach of, or inability to perform, regularly assigned
         duties, other than by reason of disability (as defined in the Company's
         short-term disability plan); or

<PAGE>

         [8] A Member's failure to return to active employment with a Group
         Member within 30 days after the end of any disability (as defined in
         the Company's short-term disability plan) but only if that period ends
         before the Participant's Retirement Age.

2.05     Change in Control:  The occurrence of the first of any of the following
         events:

         [1] Douglas Borror and David Borror both cease to be members of
         Company's Board of Directors; or

         [2] Any direct or indirect acquisition by a "person," including a
         "group" [as such terms are used in Sections 13(d) and 14(d)(2) of the
         Securities Exchange Act of 1934, as amended ("Act")] after which the
         "person" or "group" is the "beneficial owner" (as defined in Rule 13d-3
         under the Act), directly or indirectly, of securities of the Company
         representing more than 40 percent of the combined voting power of the
         Company's then outstanding securities; provided, however, that "person"
         or "group" will not include [a] the Company, [b] any entity under
         common control with the Company (within the meaning of Code (S)414),
         [c] BRC Properties Inc. or any of its shareholders or members of the
         family [as defined in Code (S)318] of Donald Borror or [d] any employee
         benefit plan of any entity described in Section 2.05[2][a], [b] and/or
         [c] of this definition; or

         [3] The adoption or authorization by the shareholders of the Company of
         a definitive agreement or a series of related agreements [a] for the
         merger or other business combination of the Company with or into
         another entity in which the shareholders of the Company immediately
         before the effective date of that merger or other business combination
         own less than 50 percent of the voting power in the entity immediately
         after the effective date of that merger or other business combination;
         or [b] for the sale or other disposition of all or substantially all of
         the assets of the Company; or

         [4] The adoption by the shareholders of the Company of a plan relating
         to the liquidation or dissolution of the Company.

2.06     Code: The Internal Revenue Code of 1986, as amended.

2.07     Committee: The Compensation Committee of the Company's Board of
Directors.

2.08     Company. Dominion Homes, Inc., an Ohio corporation.

2.09     Effective Date: January 1, 2003.

2.10     Eligible Employee: Each person employed by a Group Member who also is
a member of its select group of management employees or is a highly compensated
employee within the meaning of Title I of ERISA.

2.11     Employer: The Group Member by which a Member is directly employed on
the date of any event, act or occurrence described in this Plan.

2.12     Employer Contribution: The amount credited to each Participant's
Account calculated under the procedure described in each Participant's Notice of
Participation.

                                        3

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2.13     Enrollment Form: The form described in Section 3.01 that each
Participant must complete before beginning to accrue a Plan benefit. Although,
this form is attached as Exhibit B, its terms may vary between Participants and
may be changed at any time. Any modification to Exhibit B will not be a Plan
amendment for purposes of Section 8.00.

2.14     ERISA: The Employee Retirement Income Security Act of 1974, as amended.

2.15     Good Reason: Without the affected Participant's written consent, one or
more of the following events that occurs while he or she is a Participant and
that occurs other than in connection with the Participant's Termination:

         [1] A material reduction in the Participant's compensation;

         [2] A material reduction in the value (stated as a percentage of
         taxable compensation) of the Participant's fringe benefits to a level
         that is materially less than the value (stated as a percentage of
         taxable compensation) of comparable benefits provided generally to
         other actively employed similarly situated executives of the Employer,
         unless the Employer agrees to fully compensate the Employee for any
         such material reduction;

         [3] The permanent assignment to the Employee of duties inconsistent in
         any material respect with his or her position (including, without
         limitation, his or her status, office and title), authority, duties or
         responsibilities normally allotted to the Participant or any other
         action that results in a material diminution in the Participant's
         position, authority, duties or responsibilities; or

         [4] Any material breach by the Company or the Employer (or the
         Company's or the Employer's inability to perform) its normal
         obligations to the Participant.

2.16     Group: The Company and its subsidiaries and affiliated entities.

2.17     Group Member: Each member of the Group.

2.18     Investment Fund: The funds established by the Committee under Section
4.00 to measure the investment gains and losses allocable to each Participant's
Account.

2.19     Member. Collectively, [1] a Participant or [2] a former Participant.

2.20     Notice of Participation: The form described in Section 3.01 that
describes the material terms under which an Eligible Employee may become a
Participant and earn a Plan benefit. Although this form is attached as Exhibit
A, its terms may vary between Participants and may be changed at any time. Any
modification to Exhibit A will not be a Plan amendment for purposes of Section
8.00.

2.21     Participant: An Eligible Employee who has met and continues to meet the
conditions described in Section 3.00. A Participant's participation will end
automatically and he or she will become a Member for any period [1] after
Termination or [2] before Termination but during which he or she is not an
Eligible Employee.

                                        4

<PAGE>

2.22     Plan: The Dominion Homes, Inc. Supplemental Executive Retirement Plan,
as described in this document and any amendments to it.

2.23     Plan Year: The 12-consecutive-month periods beginning on the Effective
Date and anniversaries of the Effective Date.

2.24     Retirement Age: The date a Participant [1] Terminates for any reason
other than death on or after reaching age 55 or [2] is deemed to be disabled (as
defined in the Company's short-term disability plan) at any time within 30 days
before (or any time after) reaching age 55.

2.25     Termination: Termination of the employee-employer relationship between
a Member and each Group Member for any reason other than death, whether or not
the Member subsequently becomes a consultant or adviser to the Employer or
serves as a member of the Board.

2.26     Triggering Event: The earliest of any of the following to occur:

         [1] Both [a] the Participant completes the number of months of Plan
         participation specified in his or her Notice of Participation and [b]
         the Company's net worth (calculated by applying standard accounting
         principles) first exceeds the amount specified in each Participant's
         Notice of Participation; or

         [2] A Change in Control.

2.27     Valuation Date: The last day of each Plan Year unless the Committee, in
its sole discretion, decides that more frequent valuations are needed for any
reason.

                               3.00 Participation

3.01     Eligibility and Election to Participate.

         [1]      In its sole discretion, each Employer will decide which of its
         Eligible Employees may participate in the Plan and the earliest date on
         which they may participate. An Eligible Employee will continue to
         participate until the earlier of the date he or she [a] is no longer an
         Eligible Employee, [b] Terminates or [c] is excluded (for any reason or
         for no reason) from the Plan by his or her Employer.

         [2]      The Committee (and the Employer) will prepare a Notice of
         Participation for each Eligible Employee who is to become a
         Participant. This notice will specify:

                  [a] The date the Eligible Employee may begin to earn a
                  benefit;

                  [b] The Triggering Events applicable to that Eligible
                  Employee;

                  [c] The means of calculating the Participant's Employer
                  Contribution; and

                  [d] Any other term or provision specially affecting the
                  Participant's benefit or participation in the Plan.

                                        5

<PAGE>

         Before an Eligible Employee may participate in the Plan, he or she must
         sign and return the Notice of Participation to the Committee.

         [3]      Before an Eligible Employee may participate in the Plan, he or
         she must complete an Enrollment Form:

                  [a] Naming a Beneficiary;

                  [b] Specifying the date his or her Account will be
                  distributed;

                  [c] Specifying how the value of his or her Account will be
                  distributed; and

                  [d] Providing any other information the Committee may
                  reasonably request.

         [4]      The Enrollment Form and Notice of Participation:

                  [a] Must be completed and returned to the Committee no later
                  than December 31 of the calendar year preceding the calendar
                  year during which the Eligible Employee intends to participate
                  in the Plan or within 30 days after receiving a Notice of
                  Participation from the Committee;

                  [b] Will remain in effect until revoked or amended. However,
                  any change to the Enrollment Form affecting the date Plan
                  benefits will be paid or the form in which they will be paid
                  must be filed no later than 12 months before the date benefits
                  otherwise would begin (any revocation or amendment made fewer
                  than 12 months before the distribution date will be
                  disregarded).

3.02     Designation of Beneficiary

         [1]      Each Member may designate one or more Beneficiaries on the
         appropriate section of an Enrollment Form. Unless a Member who
         designates more than one Beneficiary also specifies the sequence or the
         portion of the death benefit to be paid to each Beneficiary, the death
         benefit will be paid in equal shares to all named Beneficiaries.

         [2]      A Member may change his or her Beneficiary at any time by
         identifying the new Beneficiary on the appropriate section of an
         Enrollment Form and delivering that completed form to the Committee.
         That change will be effective on the date the completed form is
         received by the Committee or, if later, on the date specified by the
         Member. However, no change of Beneficiary will be effective until the
         revised designation is received by the Committee. The identity of a
         Member's Beneficiary will be based only on the designation made in an
         Enrollment Form delivered to the Committee and will not be inferred
         from any other evidence.

         [3]      If a Member has not made an effective Beneficiary designation
         or if all of his or her Beneficiaries die before the Member, the death
         benefits described in Section 5.01 will be paid to the Member's
         surviving spouse. If there is no surviving spouse, these death benefits
         will be paid [a] to the Member's issue, then living, per stirpes; or,
         if there are none, [b] to the Member's executors or administrators. Any
         minor's share of a Plan death

                                        6

<PAGE>

         benefit will be paid to the adult who has been appointed to act as the
         minor's legal guardian and who has assumed custody and support of that
         minor.

         [4]      The Member and the Beneficiary (and not the Committee) are
         responsible for ensuring that the Committee has the Beneficiary's
         current address.

                           4.00 Participants' Accounts

4.01     Establishing Accounts. The Committee will establish an Account for
each Participant to record:

         [1]      The Employer Contribution credited for that Participant,
         adjusted by net income, gains and losses attributable to those credits
         as provided in Section 4.03; minus

         [2]      Any distributions made from the Account.

4.02     Investment Funds. The Committee will establish and maintain one or more
Investment Funds that will be used to measure the value of a Member's Account
and will account for each Investment Fund as if that investment had actually
been made. Participants will have no control over the selection of any
Investment Fund or over the proportion of his or her Account that will be valued
with reference to any Investment Fund.

4.03     Valuation of Investment Funds and Accounts. As of each Valuation Date,
the Committee will establish the value of each Investment Fund. This value will
be compared to the value of the same fund as of the most recent Valuation Date.
The difference will be credited as an increase or diminution to each Member's
Account in the same proportion that the value of the Member's Account deemed
invested in each Investment Fund bears to the value of all Members' Accounts
deemed invested in each Investment Fund.

4.04     Vesting.  Each Member will be fully vested in his or her Account only:

         [1]      If he or she Terminates for reasons other than death after the
         occurrence of a Triggering Event; and

         [2]      That Termination:

                  [a] Occurred after the Participant's Retirement Age;

                  [b] Occurred for Good Reason, whether or not the Participant
                  had then reached his or her Retirement Age but only if [i] the
                  Participant notifies his or her Employer of the event believed
                  to constitute "Good Reason," [ii] that notice is given, in
                  writing, no more than 10 days after the cited event occurred
                  or began, whichever is earlier and [iii] the Employer does not
                  cure the "Good Reason" cited within 10 days after receipt of
                  that notice; or

                  [c] Was Terminated by the Employer for reasons other than
                  Cause, whether or not the Participant had then reached his or
                  her Retirement Age.

                                        7

<PAGE>

         [3] Regardless of any other provision of this Plan, if a Participant
         Terminates because of death, no benefit will be paid from this Plan and
         the dead Participant's Account will be fully and irrevocably forfeited.

                       5.00 Distribution of Plan Benefits

5.01     Time and Form of Payment. Except as provided elsewhere in this section,
the value of each Member's Account (determined under Section 4.00) will be
distributed to the Member (or to his or her Beneficiary if the Member dies after
Termination but before the value of his or her Account has been fully
distributed) in a lump sum beginning no later than 60 days after the Participant
Terminates. This distribution may be made in cash or by distributing any
insurance policy purchased as a source of the Member's Plan benefit.

5.02     Distribution Options.

         [1] With the Committee's consent, which may be withheld for any reason
         or for no reason, and subject to the rules described in this section, a
         Member may elect to receive the value of his or her Account (determined
         under Section 4.00) in annual cash installments beginning at a date
         that is later than that provided in Section 5.01 or in a lump sum cash
         distribution at a date that is later than that provided in Section
         5.01. However:

                  [a] This election (and any changes to it) must be made on an
                  Enrollment Form in a manner that complies with Section 3.01;

                  [b] Benefits must begin no later than the January 1 that
                  follows that date the electing Member reaches age 65 or, if
                  later, the date he or she Terminates; and

                  [c] The period over which installments are to be paid may not
                  be longer than 10 years.

         [2]      The amount of any deferred distribution will be calculated
         under the following rules:

                  [a] In the case of a lump sum distribution, the payment will
                  be equal to the value of the Member's Account on the most
                  recent Valuation Date; and

                  [b] In the case of annual installments, the payment will be
                  equal to the Member's Account value as of the most recent
                  Valuation Date divided by the remaining years over which the
                  distribution is to be made.

         [3]      If a Member has elected to defer his or benefit (or to receive
         the benefit in the form of annual installments) but dies before
         receiving his or her entire Account balance, the unpaid benefit
         attributable to the dead Member will be paid in a single lump sum cash
         payment to the dead Member's Beneficiary.

                                        8

<PAGE>

5.03     Special Distribution

If any taxing authority finally establishes that a Member or Beneficiary is
constructively in receipt of any Plan benefit that has not actually been
distributed and that the Member or Beneficiary is immediately liable for any
income or other taxes (other than any taxes within the scope of Section 6.02)
that normally would not be imposed until the benefit is actually paid, the
Employer will immediately distribute to the Member or Beneficiary a lump sum
amount equal to that which the taxing authority has deemed the Member or
Beneficiary to have constructively received.

5.04     Repayment Upon Occurrence of Certain Events.

         [1] Regardless of any other provision of this Plan, if, within
         12-consecutive calendar months beginning after the first payment is
         made under either Section 5.01 or 5.02, the Member "competes" with the
         Group (or any Group Member), the Member (or the Member's Beneficiary if
         the competitive activity began within 12 months of the Member's death
         or is not discovered until after the Member's death) agrees to repay
         all amounts distributed to him or her under this Plan.

         [2]      For purposes of this section, "compete" means:

                  [a] Anywhere in the State of Ohio or in any other state in
                  which any Group Member is conducting business when benefits
                  are paid, the Member, without the written consent of the
                  Company, provides advice with respect to, engages in or
                  directly or indirectly supervises or assists the provision of
                  any service or sale of any product that competes with any
                  service or product of any Group Member; or

                  [b] Anywhere in any state, accept employment with, the Member
                  provides advice to, or engages in or directly or indirectly
                  supervises or assists the provision of any service or sale of
                  any product by any person, company, partnership, corporation
                  or other entity that builds homes, develops land or otherwise
                  competes with any Group Member in any market, city or area in
                  which a Group Member conducts business when benefits are paid.

                                   6.00 Taxes

6.01     Withholding for Taxes Due on Plan Payments. Regardless of any other
provision of this Plan, any payment due under Section 5.00 will be reduced by
the amount of any federal, state and local income and wage taxes the Employer is
required to withhold under any applicable law or regulation from any payment
made under Section 5.00.

6.02     Withholding for Taxes Due Before Payments Begin. The Committee and each
Member will agree on the method to be applied to pay the Member's portion of any
employment, wage and other taxes imposed under any applicable law or regulation
on any Plan benefit before that benefit is paid to the Member. If the Committee
and the Member fail to agree on the method to be applied, the Employer will
withhold the amount of the Member's liability from his or her other
compensation.

                                        9

<PAGE>

                               7.00 Administration

7.01     Appointment of Committee.  The Committee will administer the Plan.

7.02     Powers and Duties.  The Committee is fully empowered to exercise
complete discretion to administer the Plan and to construe and apply all of its
provisions. These powers and duties include:

         [1] Subject to Sections 7.07 and 7.08, resolving disputes that may
         arise with regard to the rights of each Member and his or her legal
         representatives under the terms of the Plan. The Committee's decisions
         in these matters will be final in each case;

         [2] Obtaining from the Employer and each Member information that the
         Committee needs to determine the Member's rights and benefits under the
         Plan. The Committee may rely conclusively upon any information
         furnished by the Employer or the Member; [3] Compiling and maintaining
         all records it needs to administer the Plan;

         [4] Upon request, furnishing each Employer with reasonable and
         appropriate reports of its administration of the Plan;

         [5] Authorizing the distribution of all benefits that are payable under
         the Plan;

         [6] Engaging legal, administrative, actuarial, investment, accounting,
         consulting and other professional services that the Committee believes
         are necessary and appropriate;

         [7] Adopting rules and regulations for the administration of the Plan
         that are not inconsistent with the terms of the Plan; and

         [8] Doing and performing any other acts provided for in the Plan.

Also, the Committee may delegate any of the powers and duties described in
Sections 7.02[2] through [4] to any other person or organization, as it deems
appropriate.

7.03     Actions by the Committee. The Committee may act at a meeting, or in
writing without a meeting, by the vote or assent of a majority of its members.
The Committee will appoint one of its members to act as secretary to record all
Committee actions. The Committee also may authorize one or more of its members
to execute papers and perform other ministerial duties on behalf of the
Committee. No member of the Committee may participate in any Committee action
that directly affects that person's individual interest in the Plan; these
matters will be determined by a majority of other Committee members.

7.04     Indemnification. The Committee will be indemnified to the fullest
extent permitted by the Employer's organizational documents.

7.05     Conclusiveness of Action. Subject to Sections 7.07 and 7.08, any action
on matters within the discretion of the Committee will be conclusive, final and
binding upon each Member and upon all persons claiming any rights under the
Plan.

                                       10

<PAGE>

7.06     Payment of Expenses.

         [1] Committee members will not be separately compensated for their
         services as Committee members. However, the Employer will reimburse
         Committee members for all appropriate expenses they incur while
         carrying out their Plan duties.

         [2] The compensation or fees of accountants, counsel and other
         specialists and any other costs of administering the Plan will be paid
         by the Company.

7.07     Claims Procedure.

         [1] Any Member (or any Beneficiary) may file a claim with the Committee
         if he or she believes that he or she is entitled to an unpaid Plan
         benefit.

         [2] If a claim is wholly or partially denied, the Committee will send a
         written notice of denial to the claimant. This notice must be written
         in a manner calculated to be understood by the claimant and must
         include:

             [a] The specific reason or reasons for which the claim was denied;

             [b] Specific reference to pertinent Plan provisions, rules,
             procedures or protocols upon which the Committee relied to deny the
             claim;

             [c] A description of any additional material or information that
             the claimant may file to perfect the claim and an explanation of
             why this material or information is necessary; and

             [d] A description of the steps the claimant may take to appeal an
             adverse determination, including a statement that the claimant may
             file suit under ERISA (S)502 if there is an adverse decision on any
             appeal.

         The Committee will render its decision within 90 days of receiving a
         benefit claim. However, if special circumstances (such as the need for
         additional information) require additional time, this decision will be
         rendered as soon as possible, but not later than 180 days after receipt
         of the claim and only if the Committee notifies the claimant, in
         writing, that it needs more time to review a claim and why that
         additional time is needed.

         [3] If a claim has been wholly or partially denied, the affected
         claimant, or his or her authorized representative, may:

             [a] Request that the Committee reconsider its initial denial by
             filing a written appeal no more than 60 days after receiving
             written notice that all or part of the initial claim was denied;

             [b] Review pertinent documents and other material upon which the
             Committee relied when denying the initial claim; and

                                       11

<PAGE>

             [c] Submit a written description of the reasons for which the
             claimant disagrees with the Committee's initial adverse decision.

         An appeal of an initial denial of benefits and all supporting material
         must be made in writing and directed to the Committee. The Committee is
         solely responsible for reviewing all benefit claims and appeals and
         taking all appropriate steps to implement its decision.

         The Committee's decision on review will be sent to the claimant in
         writing and will include specific reasons for the decision, written in
         a manner calculated to be understood by the claimant, specific
         references to the pertinent Plan provisions, rules, procedures or
         protocols upon which the Committee relied to deny the appeal, and a
         statement that the claimant is entitled to receive, upon request and
         free of charge, reasonable access to, and copies of, all documents
         relevant to the claim.

         The Committee will render its decision within 60 days of receiving a
         benefit appeal. However, if special circumstances (such as the need to
         hold a hearing on any matter pertaining to the denied claim) require
         additional time, this decision will be rendered as soon as possible,
         but not later than 120 days after receipt of the claimant's written
         appeal and only if the Committee notifies the claimant, in writing,
         that it needs more time to review an appeal and why that additional
         time is needed.

7.08     Arbitration. Binding arbitration will be the exclusive means of
resolving all disputes or questions not resolved to the claimant's satisfaction
through the claims procedure described in Section 7.07.

         [1] After exhausting the procedures described in Section 7.07, the
         claimant may initiate arbitration by giving written notice to the
         Committee specifying the subject of the requested arbitration.

         [2] The arbitration will take place in Columbus, Ohio (or another
         location mutually agreed upon by the claimant and the Committee) and
         will be conducted in accordance with the rules of the American
         Arbitration Association in effect when the arbitration begins by three
         arbitrators, one appointed by each party and a third appointed by those
         two arbitrators. The Committee and the claimant (in his own behalf and
         on behalf of all other claimants) each waive any right to a jury trial
         with respect to any matter arising from this Plan.

         [3] Any determination or award made or approved by the arbitrator will
         be final and binding on the claimant and the Employer. Judgment upon
         any award made in any arbitration may be entered and enforced in any
         court having competent jurisdiction.

         [4] The arbitrators will have no authority to add to, alter, amend or
         refuse to enforce any portion of this Plan or to award punitive damages
         against the Employer or the claimant.

         [5] The costs of arbitration (excluding legal and other professional
         fees incurred) will be borne solely by the Employer regardless of the
         result of the arbitration.

                                       12

<PAGE>

                               8.00  Plan Amendment

The Company, by action of the Board, may modify, alter or amend the Plan at any
time. However, no amendment may affect any Member's or Beneficiary's right to
receive the value of benefits accrued under the Plan before the effective date
of that amendment unless the affected Member agrees to that reduction in a
separate written agreement. If an amendment changes the vesting schedule
described in Section 4.04, an affected Member may elect to have his or her
vested rights computed without regard to that amendment, but only if the
affected Member files a written election to this effect with the Committee
during the period beginning on the date the amendment is adopted and ending on
the later of [1] 60 days after the date the amendment is adopted, [2] 60 days
after the amendment is effective or [3] 60 days after the affected Member is
issued a written notice of the amendment.

                            9.00  Termination of Plan

9.01  Right to Terminate. The Company, by action of the Board, may terminate the
Plan in whole or in part at any time. However, no termination may affect any
Member's or Beneficiary's right to receive the value of benefits accrued under
the Plan before the effective date of that termination unless the affected
Member agrees to that reduction in a separate written agreement. The Committee
may [1] distribute an affected Member's Account at the time the Plan terminates
or partially terminates, even if this date is earlier than the date benefits
otherwise would be distributed under Section 5.00 or [2] hold those benefits
until they are otherwise payable under the terms of the Plan. However, no change
to an Enrollment Form or a Notice of Participation will constitute a Plan
amendment for purposes of this section.

9.02  Automatic Termination. This Plan will automatically terminate as of the
date all Members and their Beneficiaries have received all of the benefits due
under the terms of this document.

9.03  Merger and Consolidation. If the Plan is merged into or consolidated with
any other plan, each affected Member will be entitled to a benefit immediately
after the merger or consolidation (determined as if the surviving plan had then
terminated) at least equal to the benefit he or she had accrued immediately
before the merger or consolidation (determined as if the Plan terminated
immediately before that merger or consolidation).

9.04  Successor Employer. If the Employer dissolves, reorganizes, merges into or
consolidates with another entity, provision may be made by which the successor
will continue the Plan, in which case the successor will be substituted for the
Employer under the terms and provisions of this Plan. The substitution of the
successor for the Employer will constitute an assumption by the successor of all
Plan liabilities and the successor will have all of the powers, duties and
responsibilities of the Employer under the Plan.

                                  10.00 Funding

This Plan constitutes an unfunded, unsecured promise by the Employer to pay only
those benefits that are accrued by Members under the terms of the Plan. Neither
the Company nor any other Group Member is required to segregate any assets into
a fund established exclusively to pay Plan benefits unless the Company, in its
sole discretion, establishes a trust for this purpose.

                                       13

<PAGE>

Neither the Company nor any other Group Member will be liable for the payment of
Plan benefits that are actually paid from a trust established for that purpose.
Also, Members have only the rights of a general unsecured creditor and do not
have any interest in or right to any specific asset of any Group Member. Nothing
in this Plan constitutes a guaranty by any Group Member or any other entity or
person that the assets of the Employer or any other entity will be sufficient to
pay Plan benefits.

                               11.00  Miscellaneous

11.01  Voluntary Plan. The Plan is purely voluntary on the part of the Employer;
neither the establishment of the Plan nor any amendment to it nor the creation
of any fund or account nor the payment of any benefits may be construed as
giving any person [1] a legal or equitable right against any Group Member or the
Committee other than those specifically granted under the Plan or conferred by
affirmative action of the Company or the Employer in a manner that is consistent
with the terms and provisions of this Plan or [2] the right to be retained as an
employee.

11.02  Nonalienation of Benefits. Except as specifically provided in this
document, Members' rights to receive Plan benefits may not be assigned,
transferred, pledged or encumbered, including by will or by applicable laws of
descent and distribution. Any attempt to assign, transfer, pledge, encumber or
devise a Plan benefit will be null and void and of no legal effect.

11.03  Inability to Receive Benefits. Any Plan benefit payable to a Member or
Beneficiary after he or she is declared incompetent will be paid to the
guardian, conservator or other person legally charged with the care of his or
her person or estate. Also, if the Committee, in its sole discretion, concludes
that a Member or Beneficiary is unable to manage his or her financial affairs,
the Committee may, but is not required to, direct the Employer to distribute
Plan benefits to any one or more of his or her spouse, lineal ascendants or
descendants or other close living relatives of the Member or Beneficiary who
demonstrate to the satisfaction of the Committee the propriety of those
distributions. Any payment made under this section will completely discharge the
Plan's liability with respect to that payment. The Committee is not required to
see to the application of any distribution made to any person.

11.04  Lost Distributees. Each Member and Beneficiary is obliged to keep the
Committee apprised of his or her current mailing address. The Committee's
obligation to search for any Member or Beneficiary is limited to sending a
registered or certified letter to the Member's or Beneficiary's last known
address. If the Member or Beneficiary does not file a claim for benefits with
the Committee, all unpaid Plan benefits will be forfeited no later than 12
months after benefits are otherwise payable.

11.05  Limitation of Rights. Nothing in the Plan, expressed or implied, is
intended or may be construed as conferring upon or giving to any person, firm or
association (other than the Employer, Members and Beneficiaries) any right,
remedy or claim under or by reason of this Plan.

11.06  Invalid Provision. If any provision of this Plan is held to be illegal or
invalid for any reason, the Plan will be construed and enforced as if the
offending provision had not been

                                       14

<PAGE>

included in the Plan. However, that determination will not affect the legality
or validity of the remaining parts of this Plan.

11.07  One Plan. This Plan may be executed in any number of counterparts, each
of which will be deemed to be an original.

11.08  Governing Law. The Plan will be governed by and construed in accordance
with the laws of the United States and, to the extent applicable, the laws of
Ohio.

11.09  Coordination with Other Plans. Members' rights to any benefits accrued or
payable under this Plan will be determined solely by reference to the terms of
this Plan document and will be unaffected by any other document or agreement
between Members and the Employer.

11.10  Extension of Plan to Group Members. By action of its Board of Directors,
the Company may extend participation of this Plan to other Group Members but
only if the boards of directors or governing body of the other Group Members
accept participation in the Plan, agree to the terms of the Plan and delegate to
the Company and the Committee the authority to amend, terminate and administer
the Plan according to its terms.

                                 DOMINION HOMES, INC.

                                 By: /s/ Robert A. Meyer, Jr.
                                     ----------------------------------

                                 Title: Senior Vice President
                                       --------------------------------

                                       15

<PAGE>

                                  ATTACHMENT A

                                       TO

                              DOMINION HOMES, INC.

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                             NOTICE OF PARTICIPATION

You have been designated as a Participant in the Dominion Homes, Inc.
Supplemental Executive Retirement Plan. Your participation is subject to the
terms of the Plan (a complete copy of which is attached) and to the additional
terms described in this notice. However, there are several things you should
know:

First, your participation is subject to the terms and conditions specified in
the Plan and in this notice.

Second, several terms used in this notice are defined in the Plan. These terms
are capitalized. To be sure that you understand the effect of your
participation, you should review the Plan document carefully.

Third, you must sign this form and return a copy to the Committee at the address
shown at the end of this notice. You also must complete and return to the
Committee a completed Enrollment Form. Instructions for completing the
Enrollment Form are included in that form.

Fourth, you may participate in this Plan only if you also sign the endorsement
split-dollar agreement that you are receiving simultaneously.

Finally, by signing this notice you also will be agreeing to transfer to the
Employer your ownership interest in the insurance policy that was the subject of
split-dollar insurance agreement you previously signed. This transfer of
ownership also is a condition to your participation in this Plan.

If you have any questions about this notice, please contact the Committee at the
address shown at the end of this notice.

                           1.00  Terms of Participation

The Plan imposes several conditions on the promised benefit. Many of these are
unique to each Participant. In your case, the following provisions will apply:

       .  Your participation is effective on _________________.

       .  The amount of the Employer Contribution (see Plan Sections 2.12 and
          4.01) will be:
          . $____________, for 2003; and

                                       16

<PAGE>

       .  $____________, for subsequent years, plus any additional amount
          specified by the Committee.

    .  Your Triggering Events (see Plan Sections 2.26 and 4.04) will be:

       .  The date you complete _____ months of Plan participation and the
          Company's net worth (calculated by applying standard accounting
          principles) first exceeds $_________________ (both conditions must be
          met before this Triggering Event will occur); or

       .  A Change in Control.

                              2.00  Acknowledgement

I acknowledge and agree, on my own behalf and on behalf of my Beneficiary and my
heirs and assigns, that [1] the Plan is unfunded and is maintained primarily for
the purpose of providing deferred compensation to a select group of management
or highly compensated employees (as defined in the Employee Retirement Income
Security Act of 1974, as amended), [2] I may lose all or part of my Plan benefit
(including any unpaid installments) if my employer becomes bankrupt, [3] I may
not earn a benefit for any period I am not an Eligible Employee, [4] I have no
right or claim to receive amounts credited to my Accounts other than those
specifically granted by the terms of the Plan, [5] I have read and understand
the terms of the Plan, [6] any disputes relating to the Plan must be resolved
through procedures described in Plan Sections 7.07 and 7.08, [7] if I "compete"
(as defined in Plan Section 5.04) I agree to repay any Plan benefit I have
received, and [8] by signing this Acknowledgement I also am transferring to my
Employer my ownership interest in the insurance policy that was the subject of
the split-dollar agreement I previously signed.

__________________________          ____________________________________
           Date                                            Signature

                                    ____________________________________
                                                 Name (please print)

                                 **************

Return this signed notice to the Committee at the following address:

    ______________________________

    ______________________________

    ______________________________

    ______________________________

Received by Committee on: ______________________

By:_____________________________________________

                                       17

<PAGE>

                                  ATTACHMENT B

                                       TO

                              DOMINION HOMES, INC.

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                                 ENROLLMENT FORM

                   1.00  Instructions for Completing This Form

You must complete, sign and return this form to the Committee at the address
shown at the end of this form before you may participate in the Dominion Homes,
Inc. Supplemental Executive Retirement Plan. However, before doing so, there are
several things you should know.

First, the terms of your participation are described in a separate Notice of
Participation. Be sure you review these terms carefully.

Second, several terms used in this form are defined in the Plan. These terms are
capitalized. You should review the Plan document carefully to be sure you
understand the effect of your elections.

Third, the elections you make in this form will remain in effect until they are
changed. You may change the elections you make in this form. However, there are
some limits on when these changes may be made and the time any changes become
effective. These are explained in the Plan. You should ensure that you
understand the effect of any change before it is made.

Fourth, if you change any of your elections, you may do so only by completing
and delivering to the Committee (at the address shown at the end of this form) a
revised form that includes:

        .  All the information specified in Part 2.00 (Identification of
           Participant) of this form and sign Part 5.00 (Acknowledgement) of
           this form. This information is needed to ensure that the Committee
           is fully apprised of this information; and

        .  The substance of the new election only [e.g., if you are naming a new
           Beneficiary, you need not complete other parts of this form, although
           Part 2.00 (Identification of Participant) always must be completed].

If you have any questions about this form, please contact the Committee at the
address shown at the end of this form.

                                       18

<PAGE>

                       2.00  Identification of Participant

Note:  This part of this form must be completed whenever you file this form; any
revisions or elections made without completing this part of this form will be
ignored.

Name: ____________________________________________________________________

Soc. Sec. No.: ___________________________________________________________

Date of Birth: ___________________________________________________________

Address: _________________________________________________________________

__________________________________________________________________________

                       3.00  Designation of Beneficiary

3.01   Primary Beneficiary:

I designate the following persons as my Primary Beneficiary or Beneficiaries to
receive the portion of my Account that is not distributed to me after
Termination but before my death (see Plan Section 5.00). This benefit will be
paid, in the proportion specified, to:

       ______% to ________________________________________________________
                                  (Name)                     (Relationship)

       Address: __________________________________________________________

       ______% to ________________________________________________________
                                  (Name)                     (Relationship)

       Address: __________________________________________________________

       ______% to ________________________________________________________
                                  (Name)                     (Relationship)

       Address: __________________________________________________________

       ______% to ________________________________________________________
                                  (Name)                     (Relationship)

       Address: __________________________________________________________

                                       19

<PAGE>

3.02   Contingent Beneficiary:

If one or more of my Primary Beneficiaries dies before I die, I direct that any
Plan death benefit that might otherwise have been paid to that Beneficiary:

       _____ Be paid to my other named Primary Beneficiaries in proportion to
             the allocation given above (ignoring the interest allocated to the
             deceased Primary Beneficiary); or

       _____ Be distributed among the following Contingent Beneficiaries.

       ______% to ________________________________________________________
                                  (Name)                     (Relationship)

       Address: __________________________________________________________

       ______% to ________________________________________________________
                                  (Name)                     (Relationship)

       Address: __________________________________________________________

       ______% to ________________________________________________________
                                  (Name)                     (Relationship)

       Address: __________________________________________________________

       ______% to ________________________________________________________
                                  (Name)                     (Relationship)

       Address: __________________________________________________________

                               4.00  Distributions

Normally, your Plan benefit will be distributed in a lump sum shortly after you
Terminate. However, you may elect to have your Plan benefit distributed in as
many as 10 annual installments and may elect to have your payment begin at some
date after you Terminate (but benefits always must begin shortly after you reach
age 65 or when you terminate employment, whichever is latest). However, these
payment options are available only if this election is made at least 12 months
before you Terminate.

Also, if you make this election but change your mind (e.g., you decide you do
not want to receive annual installments), this election may be revoked but only
if you deliver another completed Enrollment Form to the Committee before you
Terminate. Any revocation delivered after that date will be ignored. Check as
appropriate

                                       20

<PAGE>

       ____  Subject to Plan rules and restrictions, I choose to receive my Plan
       benefit in a lump sum as soon as administratively practicable after my
       ___ birthday (may not be later than 65).

Note:  Your benefits will not begin before you terminate employment even if you
work past age 65. In this case, benefits will begin as soon as administratively
practicable after you terminate.

       ____  Subject to Plan rules and restrictions, I choose to receive my Plan
             benefit in _____ annual installments (may not be more than 10)
             beginning on:

             ____  As soon as administratively practicable after I Terminate; or

             ____  As soon as administratively practicable after my ____
             birthday (may not be later than 65).

                              5.00  Acknowledgement

I acknowledge and agree, on my own behalf and on behalf of my Beneficiary and my
heirs and assigns, that [1] the Plan is unfunded and is maintained primarily for
the purpose of providing deferred compensation to a select group of management
or highly compensated employees (as defined in the Employee Retirement Income
Security Act of 1974, as amended), [2] I may lose all or part of my Plan benefit
(including any unpaid installments) if my Employer becomes bankrupt, [3] I may
not earn a benefit for any period I am not an Eligible Employee, [4] I may
change the elections made in this Enrollment Form only if I comply fully with
the rules described in this form and in the Plan, [5] I have read and understand
the terms of the Plan, [6] any disputes relating to the Plan must be resolved
through procedures described in Plan Sections 7.07 and 7.08 and [7] I am solely
responsible for ensuring that the Committee's files contain my current mailing
address and that of my Beneficiary.

___________________________         ______________________________________
           Date                                               Signature

                                    ______________________________________
                                                    Name (please print)

                                 ***************

Return this signed form to the Committee at the following address:

       ________________________________

       ________________________________

       ________________________________

       ________________________________

Received by Committee on: __________________

By: ________________________________________

                                       21

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