Document:

<PAGE>
                                                                   EXHIBIT 10.26

                          AMERICAN STATES WATER COMPANY
                THREE YEAR DIVIDEND EQUIVALENT RIGHT CERTIFICATE

        American States Water Company, a California corporation ("we" or the
"Company"), has granted to you, the award recipient identified below, dividend
equivalent rights on the terms and conditions set forth in the attached
Statement of Terms and Conditions with respect to the stock option identified
below (the "Corresponding Option").

        AWARD RECIPIENT:

        DATE OF GRANT OF THIS AWARD:

        CORRESPONDING OPTION INFORMATION:

        DATE OF GRANT:

        NUMBER OF SHARES:                                     *
                          -------------------------------------

Your acceptance of this Certificate constitutes your acknowledgement of and
agreement to be bound by the terms and conditions set forth herein and in the
attached Statement of Terms and Conditions. The Statement of Terms and
Conditions is incorporated herein by this reference. You are not required to
accept this award. If you choose not to accept this award or if you do not agree
to the terms and conditions of this award, you should, no later than ten
business days after the date of grant of this award set forth above, notify the
Company's Chief Financial Officer at 630 East Foothill Boulevard, San Dimas,
California 91773 (telephone number 909-394-3600) that you do not accept this
award and return this Certificate to the Chief Financial Officer at that
address. This award is granted as a matter of a separate incentive and is not in
lieu of salary or any other compensation for services.

        IN WITNESS WHEREOF, the Company has caused its duly authorized officer
to execute this Dividend Equivalent Right Certificate as of the date of grant of
this award first set forth above.

AMERICAN STATES WATER COMPANY,
a California corporation

By:___________________________________

Print Name:___________________________

Its:__________________________________

--------------
* Subject to adjustment for stock splits and similar events in accordance with
the applicable award agreement and option plan.<PAGE>

                                   EXHIBIT 4.2

                   THE DELAWARE COUNTY BANK AND TRUST COMPANY
                 EMPLOYEE 401(K) RETIREMENT PLAN ENROLLMENT FORM

INFORMATION ABOUT YOU

--------------------------------------------          --------------------------
Name (First, M.I., Last)                              Social Security Number

--------------------------------------------          --------------------------
Street Address                                        Date of Birth

--------------------------------------------          --------------------------
City                               State              Zip

DO YOU WANT TO PARTICIPATE?

___ Yes, I want to join the Plan.

I want to contribute a portion of my salary to the Plan on a pre-tax basis.
(Range 1-15% of salary) ____________% (Must be whole percent.)

___ No, I do not want to join the Plan at this time. I understand that I will
not be able to join the Plan until the next entry date.

YOUR INVESTMENT CHOICES

Complete the following chart to tell us how you want to invest all plan
contributions. The investment percentages must total 100%. Use increments of 1%.

Auto Cash Mgmt.   ________         Equity Income Fd.      ________
Fed. Bond Fund    ________         Small Cap. Strategies  ________
High Yield Tr.    ________         Int'l. Equity          ________
Max. Cap. Fd.     ________         Stock & Bond Fd.       ________
Stock Trust       ________         DCB Fin'l. Corp.       ________

APPROVAL

I certify that the information above is accurate and complete. If I have chosen
to participate, I give my permission to contribute a portion of my salary to the
Plan according to the instructions above.

Your signature:                                      Date:
               ------------------------------             ----------------------

<PAGE>

EMPLOYER USE ONLY

Frequency of payroll (circle one)

weekly,  bi-weekly,  monthly,  semi-monthly,  quarterly,  annually

Hire Date:                              Participation Date:
          -----------------------                          ---------------------

Eligibility Date:                       Years of Service:
                 ----------------                        -----------------------

Special ID Number:                      Location Code:
                  ---------------                     --------------------------

ADDITIONAL INFORMATION FOR REHIRES:

Prior employment:  From                          to
                       -------------------------    -----------------------

Is prior distribution being paid back?  Yes (Notify EPIC)  or   No

I certify that this participant meets the Plan eligibility requirements.

---------------------------------------              -----------------------
Company Representative                               Date<PAGE>
                                                                    EXHIBIT 10.1

                              AMENDED AND RESTATED

                              DOMINION HOMES, INC.

                      EXECUTIVE DEFERRED COMPENSATION PLAN

Section 1.     Purpose

               Effective December 9, 1994, Dominion Homes, Inc. (previously, and
               at the time, Borror Corporation) established a deferred
               compensation plan to provide selected Executive Employees and
               Directors of the Company and its subsidiaries with the option to
               defer the payment of a portion of their compensation thereby
               enabling the Company and its subsidiaries to attract and retain
               persons of ability as Executive Employees and Directors.
               Initially, the Plan was effective as to compensation paid during
               the period beginning on the original effective date and ending on
               December 31, 1994 and, thereafter, with respect to compensation
               paid each Quarter beginning on or after January 1, 1995.
               Effective December 5, 1995, the Company amended and restated the
               Plan to incorporate certain amendments to the election procedures
               under the Plan. Effective November 15, 1997, the Company again
               desires to amend the Plan in certain respects. This amended and
               restated Plan incorporates all such amendments and supersedes the
               provisions of the original Plan and the prior restatement as of
               the Effective Date.

Section 2.     Definitions

               2.1    "Beneficiary" shall mean the person or persons designated
                      by a Participant in accordance with the Plan to receive
                      payment of any remaining balance in his Deferred
                      Compensation Account in the event of his death.

               2.2    "Bonus" shall mean any incentive bonus payable by the
                      Company to an Eligible Employee.

               2.3    "Change in Control" shall mean the occurrence of either
                      (a) Borror Realty Company's failing to own at least thirty
                      percent (30%) of the combined voting power of the then
                      outstanding voting securities of the Company entitled to
                      vote generally in the election of directors or (b) both
                      Donald Borror and Douglas Borror ceasing to be directors
                      and officers of the Company.

               2.4    "Committee" shall mean the committee appointed by the
                      Board of Directors of the Company to administer the Plan.
                      If no committee is specifically named by the Board of
                      Directors to administer the Plan, the "Committee" shall
                      mean the Compensation Committee of the Board of Directors
                      of the Company.

               2.5    "Common Shares" shall mean the Common Shares, without par
                      value, of the Company.

               2.6    "Company" shall mean Dominion Homes, Inc., an Ohio
                      corporation, its corporate successors and the surviving
                      corporation resulting from any merger or acquisition of
                      Dominion Homes, Inc. with or by any corporation or
                      corporations.

               2.7    "Date of Deferral" shall mean the date to which payment of
                      the Participant's Bonus, Salary and/or Matching
                      Contributions attributable to such deferred Bonus or
                      Salary is deferred in accordance with this Plan. Subject
                      to the terms of the following sentence, the Date of
                      Deferral shall be the earlier of (a) the date selected by
                      the Participant in the Election Agreement, which date must
                      be at least one year after the end of the Quarter with
                      respect to which the payment would otherwise be made; or
                      (b) the date of the Participant's death. To the extent
                      provided in Section 6.1(b), the Committee shall have the
                      right, in its sole

<PAGE>

                      discretion, to accelerate a Participant's Date of Deferral
                      to the date the Participant ceases to be an Executive
                      Employee or Director. In no event shall a Participant's
                      Date of Deferral extend beyond the later of his 70th
                      birthday or the date he ceases to be an Executive Employee
                      or Director.

               2.8    "Deferred Compensation Account" shall mean the bookkeeping
                      account to which is credited (a) the amount of Bonus or
                      Salary that is deferred by a Participant; (b) dividends
                      and interest in accordance with the applicable provisions
                      of the Plan; and (c) Matching Contributions.

               2.9    "Director" shall mean a member of the Board of Directors
                      of the Company who is not also an employee of either the
                      Company or any of its subsidiaries.

               2.10   "Effective Date" for this amended and restated Plan shall
                      mean November 15, 1997.

               2.11   "Eligible Employee" shall mean an Executive Employee or
                      Director who is selected by the Committee for eligibility
                      in this Plan in accordance with Section 4.1 hereof.

               2.12   "Executive Employee" shall mean any person who is employed
                      by the Company or a subsidiary and who is either an
                      officer or has significant managerial responsibility.

               2.13   "Fair Market Value" of the Common Shares shall mean the
                      most recent closing price quotation or, if none, the
                      average of the bid and asked prices, as reported as of the
                      most recent available date with respect to the sale of
                      Common Shares on any quotation system approved by the
                      National Association of Securities Dealers then reporting
                      sales of Common Shares or on any national securities
                      exchange on which the Common Shares are then listed.
                      Notwithstanding the foregoing, if the Trustee of any Trust
                      acquires or sells any Common Shares, other than
                      acquisitions from or sales to the Company, the "Fair
                      Market Value" of such Common Shares shall mean the actual
                      price at which such Common Shares were acquired or sold by
                      the Trustee.

               2.14   "Matching Contribution" shall mean the credit made to a
                      Participant's Deferred Compensation Account pursuant to
                      the provisions of Section 5.2.

               2.15   "Participant" shall mean any Eligible Employee who has
                      elected to defer payment of all or any portion of his
                      Bonus or Salary, in accordance with, and subject to the
                      limitations of, the Plan.

               2.16   "Plan" shall mean the "Amended and Restated Dominion
                      Homes, Inc. Executive Deferred Compensation Plan" as set
                      forth herein, as the same may be amended from time to
                      time.

               2.17   "Plan Year" shall mean the fiscal year of the Plan which
                      shall coincide with the calendar year.

               2.18   "Quarter" shall mean any fiscal quarter of the Company
                      [currently the three-month periods ending each March 31,
                      June 30, September 30 and December 31].

               2.19   "Salary" shall mean, with respect to an Executive
                      Employee, his regular remuneration pay able to him by the
                      Company during each Quarter pursuant to the Company's
                      regular payroll practices. With respect to a Director, the
                      term "Salary" shall mean the director's fee paid to him by
                      the Company during each Quarter as compensation for his
                      serving on the Board of Directors of the Company or any
                      committee thereof.

                                       -2-

<PAGE>

               2.20   "Theoretical Shares" shall mean those hypothetical Common
                      Shares (and fractions thereof) computed and credited to
                      the Deferred Compensation Account under the terms of the
                      Plan prior to this amendment and restatement.

               2.21   "Trust" shall mean any trust established by the Company
                      in substantially the form described in Rev. Proc. 92-64 to
                      satisfy all or a portion of its obligations under the
                      Plan.

               2.22   "Trustee" shall mean the trustee of the Trust, as
                      designated by the Company, or any successor trustee of the
                      Trust.

Section 3.     Administration

               3.1    Power of the Committee

                      The Plan shall be administered by the Committee. The
                      Committee shall have full power to construe and interpret
                      the Plan, to grant or deny any claim made by any
                      Participant or Beneficiary under the Plan, to establish
                      and amend rules and regulations for administration of the
                      Plan and to take any and all actions necessary or
                      desirable to effectuate or carry out the Plan.

               3.2    Actions Final

                      All actions taken by the Committee under or with respect
                      to the Plan shall be final and binding on all persons. No
                      member of the Committee shall be liable for any action
                      taken or determination made in good faith.

               3.3    Books and Records

                      The books and records to be maintained for the purpose of
                      the Plan shall be maintained by the officers and employees
                      of the Company at the Company's expense and subject to the
                      supervision and control of the Committee.

               3.4    Action by the Committee

                      The Committee shall act by a majority of its members at
                      the time in office, and such action may be taken either by
                      vote at a meeting or in writing. If a Participant is
                      serving as a member of the Committee, he shall not be
                      entitled to vote on matters specifically relating to his
                      rights under the Plan; provided, however, that this
                      provision shall not prevent such person from voting on
                      matters which, although they may affect his rights, relate
                      to Participants in general.

Section 4.     Eligibility and Participation

               4.1    Eligibility

                      The Committee shall from time to time select the persons
                      eligible to participate in the Plan from the Company's
                      Executive Employees and Directors. Any Executive Employee
                      or Director selected by the Committee shall be eligible to
                      become a Participant in the Plan. An Executive Employee's
                      or Director's eligibility shall cease when he dies or
                      otherwise ceases to be an Executive Employee or Director,
                      or if the Committee determines that he is otherwise no
                      longer eligible to participate.

                                       -3-

<PAGE>

               4.2    Election to Defer

                      Any Eligible Employee who desires to defer the payment of
                      any portion of his Salary for any Quarter (or any portion
                      of a Quarter) must complete and deliver to the Committee
                      an Election Agreement (in substantially the form of
                      Exhibit A attached hereto) prior to the beginning of the
                      payment period during which such Salary is to be earned by
                      the Eligible Employee. An Eligible Employee who desires to
                      defer the payment of any portion of his Bonus for any
                      Quarter must complete and deliver to the Committee an
                      Election Agreement prior to the date on which such Bonus
                      is actually paid to the Eligible Employee. An Eligible
                      Employee who timely delivers the Election Agreement to the
                      Committee shall be a Participant. Each Election Agreement
                      is irrevocable on and after the date to which it relates
                      but may be revoked or changed prior to the date on which
                      it is to become effective.

               4.3    The Election Agreement

                      A Participant must designate on the Election Agreement (a)
                      the portion of his Bonus and/or Salary he desires to
                      defer; (b) the Date of Deferral for any deferred Bonus
                      and/or Salary and any Matching Contributions attributable
                      to such deferred amounts; and (c) the method of payment of
                      his deferred Bonus and/or Salary and Matching
                      Contributions attributable to such deferred amounts.
                      Payment of the amount deferred shall be made in accordance
                      with Section 6.

               4.4    Limitations on Deferrals

                      Notwithstanding any provision contained in this Plan, the
                      amount of Bonus and/or Salary that a Participant may defer
                      in any Plan Year shall be limited to the amount described
                      in this Section 4.4. For this purpose, the annual
                      limitation applicable to an Executive Employee shall be
                      equal to 20% of the sum of the Executive Employee's Bonus
                      and Salary paid to him by the Company during the Plan
                      Year. With respect to a Director, the annual limitation
                      shall be equal to 100% of the Salary paid to him by the
                      Company during the Plan Year.

               4.5    Sub-Accounts

                      In the event a Participant makes different elections as to
                      the method of payment or as to the time for commencement
                      of payments with respect to Bonuses or Salary deferred or
                      Matching Contributions attributable thereto for different
                      time periods, for purposes of deter mining the amounts to
                      be paid under each election, the Participant shall be
                      treated as if he had a separate Deferred Compensation
                      Sub-Account for Bonuses and Salary deferred and Matching
                      Contributions pursuant to the differing elections.

                                       -4-

<PAGE>

Section 5.     Deferred Compensation Account

               5.1    Crediting Bonuses, Salary and Dividends

                      The Bonus and/or Salary which a Participant elects to
                      defer shall be treated as if it were set aside in a
                      Deferred Compensation Account on the date the Bonuses and
                      Salary would otherwise have been paid to the Participant.
                      As of such date or, if later, as of the date on which
                      Common Shares are actually acquired by the Trust, the
                      amount of the Bonus and/or Salary credited to the Deferred
                      Compensation Account shall be divided by the then Fair
                      Market Value of the Common Shares; and the Deferred
                      Compensation Account shall be credited with the resulting
                      number of Common Shares. The Deferred Compensation Account
                      shall be credited with cash dividends on the Common Shares
                      at the times and equal in amount to the cash dividends
                      actually paid with respect to Common Shares on and after
                      the date credited to the Deferred Compensation Account. At
                      such times or, if later, at such times that Common Shares
                      are actually acquired by the Trust, the amount of cash
                      dividends credited to the Deferred Compensation Account
                      shall be divided by the then Fair Market Value of the
                      Common Shares; and the Deferred Compensation Account shall
                      be credited with the resulting number of Common Shares.
                      Notwithstanding any provision contained herein, as of the
                      Effective Date, the number of Theoretical Shares credited
                      to the Deferred Compensation Accounts of Participants
                      under the terms of the Plan prior to this amendment and
                      restatement shall be converted to the identical number of
                      Common Shares.

               5.2    Company Matching Contribution

                      As of the last day of each Plan Year, each Participant's
                      Deferred Compensation Account shall be credited with a
                      Matching Contribution, as described in this Section 5.2.
                      For each Plan Year, the Matching Contribution shall be
                      equal to 25% of the Bonus and/or Salary deferred by the
                      Participant during such Plan Year up to a maximum deferral
                      of $10,000. Therefore, the maximum Matching Contribution
                      credited to the Deferred Compensation Account of any
                      Participant for any Plan Year shall be equal to $2,500
                      (25% x $10,000). As of the last day of each Plan Year or,
                      if later, as of the date on which Common Shares are
                      actually acquired by the Trust, the amount of Matching
                      Contribution credited to the Deferred Compensation Account
                      for that year shall be divided by the then Fair Market
                      Value of the Common Shares; and the Deferred Compensation
                      Account shall be credited with the resulting number of
                      Common Shares.

               5.3    Stock Adjustments

                      The number of Common Shares in the Deferred Compensation
                      Account shall be adjusted from time to time by the Company
                      to reflect stock splits, stock dividends or other changes
                      in the Common Shares resulting from a change in the
                      Company's capital structure.

               5.4    Extraordinary Events

                      In addition to the events described in Section 5.3, if
                      some other event shall occur with respect to which the
                      Committee determines equitable adjustments should be made
                      in the Deferred Compensation Accounts or in the
                      calculation of Fair Market Value, the Committee may make
                      such equitable adjustments in the Deferred Compensation
                      Accounts and the calculation of Fair Market Value as it
                      deems necessary or appropriate to reflect such event.

                                       -5-

<PAGE>

               5.5    Vesting of Deferred Compensation Account

                      A Participant shall earn a vested interest in the Common
                      Shares credited to his Deferred Compensation Account in
                      accordance with the provisions of this Section 5.5. Common
                      Shares credited to a Participant's Deferred Compensation
                      Account pursuant to Section 5.1 on account of Bonuses and
                      Salary shall be fully vested in the Participant and
                      nonforfeitable as of the date such Common Shares are
                      credited to the Deferred Compensation Account. Common
                      Shares credited to a Participant's Deferred Compensation
                      Account pursuant to Section 5.2 on account of Matching
                      Contributions shall become vested in the Participant and
                      nonforfeitable in accordance with the following table:

                      Full Plan Years Following
                        Crediting of Matching
                      Contribution to Deferred
                        Compensation Account               Vested Percentage
                      -------------------------            -----------------
                             Less than 1                          0%
                                  1                              20%
                                  2                              40%
                                  3                              60%
                                  4                              80%
                             5 or more                          100%

                      Common Shares credited to a Participant's Deferred
                      Compensation Account pursuant to Section 5.1 on account of
                      cash dividends shall become vested in the Participant and
                      nonforfeitable as of the date on which the Common Shares
                      on which such cash dividends were paid shall become vested
                      in the Participant and nonforfeitable.

                      Notwithstanding any provision contained herein, a
                      Participant shall be fully vested, and have a
                      nonforfeitable interest in, all Common Shares credited to
                      his Deferred Compensation Account as of either (a) the
                      date on which the sum of his age and his years of service
                      with the Company equals 65; or (b) the occurrence of a
                      Change in Control. Further, notwithstanding any provision
                      contained herein, if a Participant elects a Date of
                      Deferral for the payment of any Matching Contributions
                      allocated to his Deferred Compensation Account which
                      precedes the date on which he is fully vested in such
                      Matching Contributions, the non-vested portion of the
                      Matching Contributions shall be forfeited by the
                      Participant and he shall have no right to receive payment
                      of such non-vested amounts under this Plan.

               5.6    Amount to be Paid

                      If the payment of the Participant's Deferred Compensation
                      Account is to be made in Common Shares, the payment to be
                      made pursuant to Section 6 shall be the number of vested
                      Common Shares credited to the Participant's Deferred
                      Compensation Account as of the Date of Deferral. If the
                      payment of the Participant's Deferred Compensation Account
                      is to be made in cash, the payment to be made pursuant to
                      Section 6 shall be equal to the number of vested Common
                      Shares credited to the Participant's Deferred Compensation
                      Account as of the Date of Deferral multiplied by the Fair
                      Market Value of such Common Shares as of the Date of
                      Deferral or, if the Trust sells such Common Shares to a
                      person other than the Company to fund such cash payment,
                      the date of such sale. No dividends or other earnings
                      shall be credited to the Deferred Compensation Account
                      after the Date of Deferral.

                                       -6-

<PAGE>

Section 6.     Payment of Deferred Compensation

               6.1    General

                      (a)   Subject to the provisions of paragraph (b) of this
                            Section 6.1, the vested amount of the Participant's
                            Deferred Compensation Account shall be paid to the
                            Participant, within a reasonable time after the
                            Participant's Date of Deferral, in a lump sum or in
                            a number of approximately equal annual installments
                            (not more than 12), as designated by the Participant
                            on his Election Agreement. Each Participant's
                            Deferred Compensation Account shall be paid in the
                            form of the actual Common Shares credited to his
                            account, with any fractional shares paid in a single
                            lump sum payment in cash.

                      (b)   In the event a Participant ceases to be an Executive
                            Employee or Director for reasons other than death,
                            the Committee may, in its sole discretion, elect to
                            accelerate the Participant's Date of Deferral to the
                            date he ceases to be an Executive Employee or
                            Director, regardless of when the Participant's Date
                            of Deferral would otherwise occur. If the Committee
                            accelerates a Participant's Date of Deferral, the
                            vested amount in his Deferred Compensation Account
                            shall be paid in a lump sum within a reasonable time
                            after his accelerated Date of Deferral (but no later
                            than such Date of Deferral) in a manner similar to
                            the manner described in paragraph (a) of this
                            Section 6.1.

               6.2    Death

                      (a)   In the event of the death of a Participant, the
                            vested amount of the Participant's Deferred
                            Compensation Account (determined in the manner
                            described in paragraph (a) of Section 6.1) shall be
                            paid in a lump sum to his Beneficiary within a
                            reasonable time after the Participant's death, but
                            no later than one (1) year after such date. If
                            requested by the Beneficiary and consented to by the
                            Committee, payments pursuant to this Section 6.2 may
                            be made in cash.

                      (b)   Each Participant may name one or more Beneficiaries
                            and may also name one or more contingent
                            Beneficiaries by making a written designation in a
                            form acceptable to the Committee. A Participant's
                            Beneficiary designation may be changed at any time
                            prior to his death by execution and delivery of a
                            new Beneficiary designation form. The Beneficiary
                            designation on file with the Company at the time of
                            the Participant's death which bears the latest date
                            shall govern.

                      (c)   If no Beneficiary has been designated or if no
                            Beneficiary survives the Participant, the vested
                            amount in the Deferred Compensation Account shall be
                            paid in a lump sum to the Participant's estate.

                      (d)   If the Beneficiary dies after the death of the
                            Participant, any vested amount other wise payable to
                            the Beneficiary shall be paid in a lump sum to the
                            Beneficiary's estate.

                                       -7-

<PAGE>

               6.3    Hardship

                      Upon the application of a Participant who is an Executive
                      Employee in the event of financial hardship resulting from
                      a need to make extraordinary or emergency expenditures,
                      the Committee may, in its sole discretion, cause the
                      distribution from the vested Deferred Compensation Account
                      to such Participant of an amount not exceeding the
                      requirements of such Participant for such extraordinary or
                      emergency expenditures. If requested by the Participant
                      and consented to by the Committee, payments pursuant to
                      this Section 6.3 may be made in cash. The Committee shall
                      require such proper proof of financial hardship and such
                      evidence of the requirements of a Participant for
                      extraordinary or emergency expenditures as it may deem
                      appropriate, and the Committee's determination of
                      financial hardship and of the requirements of a
                      Participant for extraordinary or emergency expenditures
                      shall be conclusive. Notwithstanding any provisions
                      contained herein, the provisions of this Section 6.3 shall
                      not be applicable to any Participant who is a Director.

Section 7.     Amendments

                      The Board of Directors of the Company may from time to
                      time amend, suspend or terminate any or all of the
                      provisions of this Plan; provided that no such amendment,
                      suspension or termination shall adversely affect in any
                      material respect any right of any Participant to receive
                      any amount payable pursuant to the Plan.

Section 8.     Miscellaneous Provisions

               8.1    No Assignment

                      No right or benefit under this Plan shall be subject to
                      anticipation, alienation, sale, assignment, pledge or
                      encumbrance. No right or benefit hereunder shall in any
                      manner be liable for or subject to the debts, contracts,
                      liabilities or torts of the person entitled to such
                      benefits.

               8.2    Status as General Creditor

                      The obligations of the Company under the Plan to make
                      payment of amounts in the Deferred Compensation Account
                      merely constitute the unsecured promise of the Company to
                      make payments from its general assets as provided herein.
                      To the extent that the Company establishes the Trust to
                      satisfy any of its obligations hereunder, the assets of
                      the Trust shall, at all times, remain assets of the
                      Company subject to its creditors. No Participant or
                      Beneficiary shall have any interest in, or a lien or prior
                      claim upon, any property of the Company, including, but
                      not limited to, any assets of the Trust. To the extent
                      that anyone acquires a right to receive payment from the
                      Company of any amount payable pursuant to the Plan, such
                      right shall be no greater than the right of any unsecured
                      general creditor of the Company.

               8.3    No Right to Employment

                      Nothing contained in this Plan shall be construed to:

                      (a)   give any Participant any right to receive a salary
                            or additional bonus;

                      (b)   limit in any way the right of the Company or a
                            subsidiary to terminate a Participant's employment
                            at any time; or

                                       -8-

<PAGE>

                      (c)   be evidence of any agreement or understanding,
                            express or implied, that the Company or a subsidiary
                            will employ a Participant in any particular position
                            or at any particular rate of remuneration.

               8.4    Withholding

                      A Participant or Beneficiary may be required to pay to the
                      Company, and the Company shall have the right and is
                      hereby authorized to withhold from any payment of any
                      Deferred Compensation Account the amount of any applicable
                      withholding taxes in respect of such payment and to take
                      such other action as may be necessary in the opinion of
                      the Company to satisfy all obligations for the payment of
                      such taxes. The withholding may be in the form of cash,
                      Common Shares, other securities or other property as the
                      Committee may allow. In addition, a Participant or
                      Beneficiary shall be entitled to elect to have the Company
                      withhold an amount specified in writing by the Participant
                      or Beneficiary for federal, state or local income taxes in
                      respect of any payment of his Deferred Compensation
                      Account, in the form of cash, Common Shares, other
                      securities or other property as the Committee may allow.

Section 9.     Claims Procedure

               9.1    Filing Claims. At the time that any Participant or
                      Beneficiary may be entitled to benefits under the Plan,
                      such Participant or Beneficiary may file a claim request
                      with the Committee. In the alternative, the Committee may
                      act, without receipt of a formal request from the
                      Participant or Beneficiary, with respect to such claim.

               9.2    Notification to Claimant. If a claim is wholly or
                      partially denied, the Committee will furnish to the
                      claimant a notice of the decision within ninety (90) days
                      in writing and in a manner calculated to be understood by
                      the claimant, which notice will contain the following
                      information:

                      (a)   the specific reason or reasons for the denial;

                      (b)   specific reference to pertinent Plan provisions upon
                            which the denial is based;

                      (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

                      (d)   an explanation of the Plan's claims review procedure
                            describing the steps to be taken by a claimant who
                            wishes to submit his claims for review.

               9.3    Review Procedure.  A claimant or his authorized
                      representative may, with respect to any denied claim:

                      (a)   request a review upon a written application filed
                            within sixty (60) days after receipt by the claimant
                            of written notice of the denial of his claim;

                      (b)   review pertinent documents; and

                      (c)   submit issues and comments in writing.

                                       -9-

<PAGE>

                      Any request or submission will be in writing and will be
                      directed to the Committee (or its designee). The Committee
                      (or its designee) will have the sole responsibility for
                      the review of any denied claim and will take all steps
                      appropriate in the light of its findings.

               9.4    Decision on Review. The Committee (or its designee) will
                      render a decision upon review. If special circumstances
                      (such as the need to hold a hearing on any matter
                      pertaining to the denied claim) warrant additional time,
                      the decision will be rendered as soon as possible, but not
                      later than one hundred twenty (120) days after receipt of
                      the request for review. Written notice of any such
                      extension will be furnished to the claimant prior to the
                      commencement of the extension. The decision on review will
                      be in writing and will include specific reasons for the
                      decision, written in a manner calculated to be understood
                      by the claimant, as well as specific references to the
                      pertinent provisions of the Plan on which the decision is
                      based. If the decision on review is not furnished to the
                      claimant within the time limits prescribed above, the
                      claim will be deemed denied on review.

                                      -10-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}]]