Document:

a5620596ex10v_2.htm

    Exhibit
10v-2

    

    SCHEDULE
OF INDEMNIFICATION AGREEMENTS FOR OFFICERS

     

     

    In
accordance with the Instructions to Item 601 of Regulation S-K, the Registrant
has omitted filing the Indemnification Agreements for Officers by and between
Rogers Corporation and the following officers as exhibits to this Form 10-K
because they are identical to the Form of Indemnification Agreement for Officers
(the “Form Agreement”) by and between Rogers Corporation and certain officers,
which was filed on Form 8-K on December 14, 2004.

     

    

    
      	
              1.  

            	
              Michael
      D. Bessette

            

    

    
      	
              2.  

            	
              Michael
      L. Cooper

            

    

    
      	
              3.  

            	
              Robert
      C. Daigle

            

    

    
      	
              4.  

            	
              Frank
      J. Gillern

            

    

    
      	
              5.  

            	
              Debra
      J. Granger

            

    

    
      	
              6.  

            	
              Peter
      G. Kaczmarek

            

    

    
      	
              7.  

            	
              Mario
      C. Kerr

            

    

    
      	
              8.  

            	
              Richard
      F. Marani

            

    

    
      	
              9.  

            	
              Ty
      L. McFarland

            

    

    
      	
              10.  

            	
              Paul
      B. Middleton

            

    

    
      	
              11.  

            	
              John
      A. Richie

            

    

    
      	
              12.  

            	
              W.
      David Smith

            

    

    
      	
              13.  

            	
              Robert
      M. Soffer

            

    

    
      	
              14.  

            	
              Luc
      Van Eenaeme

            

    

    
      	
              15.  

            	
              Robert
      D. Wachob

            

    

    
      	
              16.  

            	
              Dennis
      M. Loughran

            

    

    
      	
              17.  

            	
              Jeffrey
      M. Grudziena5620596ex10x_2.htm

    Exhibit
10x-2

    

    SCHEDULE
OF INDEMNIFICATION AGREEMENTS FOR DIRECTORS

    

     

    In
accordance with the Instructions to Item 601 of Regulation S-K, the Registrant
has omitted filing the Indemnification Agreements for Directors by and between
Rogers Corporation and the following Directors as exhibits to this Form 10-K
because they are identical to the Form of Indemnification Agreement for
Directors (the “Form Agreement”) by and between Rogers Corporation and certain
Directors, which was filed on Form 8-K on December 14, 2004.

     

    

    
      	
              1.  

            	
              Leonard
      M. Baker

            

    

    
      	
              2.  

            	
              Walter
      E. Boomer

            

    

    
      	
              3.  

            	
              Edward
      L. Diefenthal

            

    

    
      	
              4.  

            	
              Gregory
      B. Howey

            

    

    
      	
              5.  

            	
              Leonard
      R. Jaskol

            

    

    
      	
              6.  

            	
              Eileen
      S. Kraus

            

    

    
      	
              7.  

            	
              William
      E. Mitchell

            

    

    
      	
              8.  

            	
              Robert
      G. Paul

            

    

    
      	
              9.  

            	
              Charles
      M. Brennan, III

            

    

    
      	
              10.  

            	
              Carol
      R. Jensen

            

    

    
      	
              11.  

            	
              Dr.
      J. Carl Hsuex10-22.htm

    Exhibit
10.22

    
       

       

      ADVANCE
AUTO PARTS, INC.

       

      DEFERRED
STOCK UNIT PLAN

       

      FOR
NON-EMPLOYEE DIRECTORS AND

       

      SELECTED
EXECUTIVES

       

      (As
Amended and Restated Effective as of January 1, 2008)

       

       

       

       

       

       

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      TABLE
OF CONTENTS

      Page

       

      
        	ARTICLE
      I 	 	GENERAL 	
                1

              
	Section
      1.1 	 	 	Purpose	
                1

              
	Section
      1.2 	 	 	Status
      of Plan	
                1

              
	Section
      1.3 	 	 	Effective
      Date	
                1

              
	Section
      1.4 	 	 	Pre-2005
      Deferrals	
                1

              
	 	 	 	 	
                 

              
	ARTICLE
      II 	 	DEFINITIONS 	
                2

              
	Section
      2.1 	 	 	Affiliated
      Company	
                2

              
	Section
      2.2 	 	 	Aggregated
      Plans 	
                2

              
	Section
      2.3 	 	 	Base
      Salary 	
                2

              
	Section
      2.4 	 	 	Beneficiary 	
                2

              
	Section
      2.5 	 	 	Board 	
                2

              
	Section
      2.6 	 	 	Board
      Service Period 	
                3

              
	Section
      2.7 	 	 	Code 	
                3

              
	Section
      2.8 	 	 	Company 	
                3

              
	Section
      2.9 	 	 	Compensation
      Committee 	
                3

              
	Section
      2.10 	 	 	Deferral
      Election Agreement 	
                3

              
	Section
      2.11	 	 	Deferral
      Period 	
                3

              
	Section
      2.12 	 	 	Deferred
      Amount 	
                3

              
	Section
      2.13 	 	 	Deferred
      Stock Unit or DSU 	
                3

              
	Section
      2.14 	 	 	Deferred
      Stock Unit Account or DSU Account 	
                3

              
	Section
      2.15	 	 	Director 	
                3

              
	Section
      2.16 	 	 	Disabled 	
                3

              
	Section
      2.17 	 	 	Dividend
      Equivalents 	
                4

              
	Section
      2.18 	 	 	Eligible
      Compensation 	
                4

              
	Section
      2.19 	 	 	Eligible
      Executive 	
                4

              
	Section
      2.20 	 	 	Eligible
      Individual 	
                4

              
	Section
      2.21 	 	 	Employee 	
                4

              
	Section
      2.22 	 	 	Employer 	
                4

              
	Section
      2.23 	 	 	ERISA 	
                4

              
	Section
      2.24 	 	 	Participant 	
                4

              
	Section
      2.25 	 	 	Plan 	
                5

              
	Section
      2.26 	 	 	Plan
      Administration Committee 	
                5

              
	Section
      2.27 	 	 	Plan
      Year 	
                5

              
	Section
      2.28 	 	 	Qualified
      Change in Control Event 	
                5

              
	Section
      2.29 	 	 	Quarterly
      Bonus 	
                5

              
	Section
      2.30 	 	 	Retainer 	
                5

              
	Section
      2.31 	 	 	Retirement 	
                5

              
	Section
      2.32 	 	 	Roll-up
      Performance Bonus 	
                5

              
	Section
      2.33 	 	 	Separation
      from Service 	
                5

              
	Section
      2.34 	 	 	Share 	
                6

              
	Section
      2.35 	 	 	Shares
      Grant 	
                6

              
	Section
      2.36 	 	 	Specified
      Employee 	
                6

              
	Section
      2.37 	 	 	Specified
      Time 	
                7

              
	 	 	 	 	
                 

              
	ARTICLE
      III 	 	PARTICIPATION
      AND DEFERRAL ELECTIONS 	
                8

              
	Section
      3.1 	 	 	Eligibility 	
                8

              
	Section
      3.2 	 	 	Duration
      of Participation 	
                8

              
	
                Section
      3.3 

              	 	 	Deferral
      Election Agreement 	
                8

              
	Section
      3.4 	 	 	Deferred
      Amount 	
                9

              
	Section
      3.5 	 	 	Designated
      Payment Event 	
                9

              
	Section
      3.6 	 	 	Form
      of Payment 	
                10

              
	Section
      3.7 	 	 	Deferral
      Election Deadline 	
                10

              
	Section
      3.8 	 	 	Election
      for First Year of Eligibility 	
                11

              
	Section
      3.9 	 	 	Irrevocability
      of Election 	
                12

              

      

       

       

      
        
          
          

        

        
          i

          
            

          

        

        
          
          

        

      

       

       

      
        
          	Section
      3.10	 	 	Evergreen
      Elections	
                  13

                
	Section
      3.11	 	 	Non-Elective
      LTIP Shares Grant Deferrals	
                  14

                
	 	 	 	 	
                   

                
	ARTICLE
      IV	 	MAINTENANCE
      AND INVESTMENT OF ACCOUNTS 	
                  15

                
	Section
      4.1 	 	 	DSU
      Accounts	
                  15

                
	Section
      4.2 	 	 	Dividend
      Equivalent Credits	
                  15

                
	Section
      4.3 	 	 	Capital
      Adjustments	
                  15

                
	Section
      4.4 	 	 	Vesting	
                  15

                
	Section
      4.5 	 	 	Statement
      of Accounts	
                  15

                
	Section
      4.6 	 	 	Hypothetical
      Nature of Accounts and Investments	
                  16

                
	 	 	 	 	
                   

                
	ARTICLE
      V 	 	DISTRIBUTIONS 	
                  17

                
	Section
      5.1 	 	 	Eligibility
      for Distributions	
                  17

                
	Section
      5.2	 	 	Retirement
      Distributions	
                  17

                
	Section
      5.3	 	 	Specified
      Time Distributions	
                  17

                
	Section
      5.4 	 	 	Other
      Payment Events	
                  17

                
	Section
      5.5 	 	 	Designated
      Payment Date	
                  17

                
	Section
      5.6 	 	 	Restriction
      on Distributions to Specified Employees	
                  18

                
	Section
      5.7	 	 	No
      Acceleration of Scheduled Distributions	
                  19

                
	Section
      5.8 	 	 	Extension
      of Specified Time Deferral Period	
                  19

                
	Section
      5.9 	 	 	Delay
      of Payments Under Certain Circumstances	
                  20

                
	Section
      5.10 	 	 	Payment
      Medium	
                  20

                
	Section
      5.11 	 	 	Unforeseeable
      Emergency Withdrawal	
                  21

                
	Section
      5.12 	 	 	Withholding
      of Taxes	
                  22

                
	Section
      5.13 	 	 	USERRA
      Rights	
                  22

                
	 	 	 	 	
                   

                
	ARTICLE
      VI 	 	PLAN
      TERMINATION PAYMENTS UPON QUALIFIED CHANGE IN CONTROL
EVENT 	
                  23

                
	Section
      6.1 	 	 	Termination
      of Plan Upon Change in Control 	
                  23

                
	Section
      6.2 	 	 	Qualified
      Change in Control Event	
                  23

                
	Section
      6.3 	 	 	Change
      in the Ownership of a Corporation	
                  23

                
	Section
      6.4 	 	 	Change
      in the Effective Control of a Corporation	
                  24

                
	Section
      6.5 	 	 	Change
      in the Ownership of Substantial Portion of Assets	
                  24

                
	Section
      6.6 	 	 	Definitions
      and Operating Rules	
                  25

                
	Section
      6.7 	 	 	Special
      Rule for Certain Delayed Payments	
                  26

                
	 	 	 	 	
                   

                
	ARTICLE
      VII 	 	BENEFICIARY
      DESIGNATION 	
                  27

                
	Section
      7.1 	 	 	Beneficiary
      Designation	
                  27

                
	Section
      7.2 	 	 	No
      Beneficiary Designation	
                  27

                
	 	 	 	 	
                   

                
	ARTICLE
      VIII 	 	ADMINISTRATION
      OF PLAN 	
                  28

                
	Section
      8.1 	 	 	Named
      Fiduciaries	
                  28

                
	Section
      8.2 	 	 	Claim
      Procedure 	
                  
                    30

                  

                
	 	 	 	 	
                   

                
	ARTICLE
      IX 	 	AMENDMENT
      AND TERMINATION OF PLAN 	
                  32

                
	
                  Section 9.1

                	 	 	Amendment	
                  32

                
	Section
      9.2 	 	 	Company’s
      Right to Terminate	
                  32

                
	 	 	 	 	
                   

                
	ARTICLE
      X 	 	MISCELLANEOUS 	
                  34

                
	Section
      10.1 	 	 	Unfunded
      Plan	
                  34

                
	Section
      10.2	 	 	Nonassignability	
                  34

                
	Section
      10.3 	 	 	Validity
      and Severability	
                  34

                
	Section
      10.4 	 	 	Governing
      Law 	
                  34

                
	Section
      10.5 	 	 	Employment
      Status 	
                  34

                
	Section
      10.6 	 	 	No
      Stockholder Rights Conferred 	
                  35

                
	Section
      10.7 	 	 	Underlying
      Incentive Plans and Programs 	
                  35

                
	Section
      10.8 	 	 	Funding
      and Financial Health Restrictions 	
                  35

                

        

         

      

      
      

      
        
           

        

        
          ii

          
            

          

        

        
           

        

      

      ARTICLE
I

       

      GENERAL

       

       

      Section
1.1  Purpose.  It
is the intention of Advance Auto Parts, Inc. (the “Company”) to continue to
maintain and provide for the administration of the Advance Auto Parts, Inc.
Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives
(the “Plan”) in accordance with the provisions of Section 409A of the
Code, and in accordance with other provisions of law relating to non-qualified
deferred compensation plans.  The purpose of the Plan is to provide an
additional mechanism to encourage stock ownership, as well as to provide a means
to allow eligible individuals to defer the receipt of compensation that would
otherwise be currently payable to the individual.

       

       

      Section
1.2 Status
of Plan.  The Plan is maintained by the Company primarily for
the purpose of providing deferred compensation to non-employee members of the
Company’s Board of Directors, and to members of a select group of management or
highly compensated employees within the meaning of Title I of the Employee
Retirement Income Security Act of 1974, as amended (ERISA).  It is the
intention of the Company that the Plan be unfunded for tax purposes and for
purposes of Title I of ERISA.  The Plan constitutes a mere
promise by the Company to make deferred compensation payments in the
future.  As to such deferred compensation benefits, Participants under
the Plan have the status of a general, unsecured creditors of the
Company.  The benefits provided under this Plan to Eligible Executives
are in addition to those made available under the Advance Auto Parts, Inc.
Deferred Compensation Plan.

       

       

      Section
1.3  Effective
Date.  The Plan is a continuation of the Plan that was
originally adopted effective as of May 19, 2004.  Except as may be
expressly provided otherwise, the Plan is hereby amended and restated effective
as of January 1, 2008 for the purpose of becoming compliant with final Code
Section 409A regulations issued by the Internal Revenue Service

       

       

      Section
1.4  Pre-2005
Deferrals.  Deferrals made under the Plan for periods occurring
on or before December 31, 2004 shall be administered in accordance with the
terms of this Plan as herein restated.

       

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      ARTICLE
II

       

      DEFINITIONS

       

       

      For
the purposes of this Plan, the following words and phrases shall have the
meanings indicated, unless the context clearly indicates otherwise:

       

      Section
2.1  Affiliated
Company.  “Affiliated Company” means the Company and each other
corporation or enterprise, which as of a given date, is then a member of the
same controlled group of corporations or the same group of trades or businesses
under common control, determined in accordance with Sections 414(b) and (c)
of the Code, as is the Company.

       

      Section
2.2  Aggregated
Plans.  “Aggregated Plans” means the Advance Auto Parts, Inc.
Deferred Compensation Plan, and any other account balance form of deferred
compensation plan allowing elective deferrals that is sponsored by an Affiliated
Company, and which  is required to be aggregated with this Plan
pursuant to IRS Regulation §1.409A-1(c)(2).

       

      Section
2.3  Base
Salary.

       

      
        	
                (a)  

              	
                The
      “Base Salary” of an Eligible Executive for a Plan Year means the base rate
      of cash compensation otherwise payable by an Employer to or for the
      benefit of the Eligible Executive for services rendered or labor performed
      while that Eligible Executive is a Participant in this Plan for such Plan
      Year, including the base pay that an Eligible Executive could have
      received in cash in lieu of:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                Compensation
      deferrals elected to be made under this Plan or the Advance Auto
      Parts, Inc. Deferred Compensation Plan, or under any other
      non-qualified deferred compensation plan maintained by the Company or
      other Affiliated Company; and

              

      

      
         

        
          	
                   
      

                	
                  (ii)

                	
                        
                    Contributions
      made by or on the Eligible Executive’s behalf to any qualified retirement
      plan, or to any Code Section 125 cafeteria plan or other employee
      benefit plan maintained by the Company or other Affiliated
      Company.

                  

                

        

         

      

      
        	
                (b)  

              	
                Any
      compensation paid to an Eligible Executive after the last day of a Plan
      Year solely for services performed during the final payroll period (as
      described in Code Section 3401(b)) containing the last day of the
      Plan Year shall be treated as compensation for services performed in the
      subsequent Plan Year.  For example, if a payroll period begins
      on December 23 of Year 1 and ends on January 5 of Year 2, then
      the compensation for that payroll period shall be treated as Year 2
      compensation.

              

      

       

      Section
2.4  Beneficiary.  “Beneficiary”
means the person, persons or entity designated by the Participant or by the
terms of the Plan to receive any benefits payable under the Plan pursuant to
Article VII.

       

      Section
2.5  Board.  Except
as provided in Section 6.1, “Board” means the Board of Directors of the
Company as constituted from time to time.

       

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      Section
2.6  Board
Service Period.  “Board Service Period” means, with respect to
a Director, the period beginning on the date of each annual meeting of the Board
(or, in the case of a newly-elected Director, beginning on the first day of the
Director’s membership on the Board) and ending on the date immediately preceding
the following annual meeting of the Board, or such other designated annual
period of service as a member of the Board.

       

      Section
2.7  Code.  “Code”
shall mean the Internal Revenue Code of 1986, as amended.  References
to any provision of the Code or regulation (including a proposed regulation)
thereunder shall include any successor provisions or regulations.

       

      Section
2.8  Company.  “Company”
means Advance Auto Parts, Inc., its successors, and any organization into
which or with which Advance Auto Parts, Inc. may merge or consolidate or to
which all or substantially all of its assets may be transferred.

       

      Section
2.9  Compensation
Committee.  “Compensation Committee” means the Compensation
Committee of the Board, or any successor to such committee.

       

      Section
2.10  Deferral
Election Agreement.  “Deferral Election Agreement” (sometimes
referred to simply as a “Deferral Election”) means the agreement governing an
Eligible Individual’s deferral of the receipt of Eligible Compensation as
submitted by the Eligible Individual under the Plan in accordance with
Section 3.3.

       

      Section
2.11  Deferral
Period.  “Deferral Period” means the period defined in
Section 3.5.

       

      Section
2.12  Deferred
Amount.  “Deferred Amount” means the amount defined in
Section 3.4.

       

      Section
2.13  Deferred
Stock Unit or DSU.  “Deferred Stock Unit” or “DSU” shall mean a
bookkeeping entry that represents the right to receive one Share at a future
date.  To the extent the Company pays a dividend, DSUs will include
the right to receive Dividend Equivalents, which are credited in the form of
additional DSUs.

       

      Section
2.14  Deferred
Stock Unit Account or DSU Account.  “Deferred Stock Unit
Account” or “DSU Account” means an account in which Deferred Amounts are valued
as if they were invested in Company stock.

       

      Section
2.15  Director.  “Director”
shall mean a member of the Board.

       

      Section
2.16  Disabled.  A
Participant shall be considered to be or have become “Disabled” for purposes of
the Plan if, by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last
for a continuous period of not less than twelve months, the
Participant:

       

      
        	
                 
      

              	
                (a)

              	
                Is
      unable to engage in any substantial gainful activity;
  or

              

      

       

      
        	
                 
      

              	
                (b)

              	
                Is
      receiving, and has received for a period of not less than three months,
      income replacement benefits under another accident and health plan
      covering employees of the Participant’s
  Employer.

              

      

       

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      A
Participant will be deemed to be Disabled if the Participant has been determined
to be disabled (i) by the Social Security Administration, or
(ii) under a disability insurance program having a definition of disability
that satisfies the standard prescribed above.

       

      Section
2.17  Dividend
Equivalents.  “Dividend Equivalents” shall mean an amount equal
to the regular cash dividends paid by the Company upon one Share.

       

      Section
2.18  Eligible
Compensation.

       

      
        	
                 
      

              	
                (a)

              	
                The
      “Eligible Compensation” of any Eligible Executive for any period means the
      Base Salary, Quarterly Bonus or Roll-up Performance Bonus, if any,
      otherwise payable to the Eligible Executive for services performed during
      such period.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                The
      “Eligible Compensation” of a Director for any period means the Retainer,
      or portion thereof, payable to the Director for services performed during
      such period.

              

      

       

      Section
2.19  Eligible
Executive.  “Eligible Executive” means an Employee of an
Employer who with respect to the Plan Year at issue:

       

      
        	
                (a)  

              	
                Holds
      a position with the Company, or an Affiliated Company, of a Senior Vice
      President, or a position senior to, or recognized as being equivalent to,
      a Senior Vice President; and

              

      

       

      
        	
                (b)  

              	
                Satisfies
      any such other eligibility requirements as the Compensation Committee may
      establish from time to time.

              

      

       

      Section
2.20  Eligible
Individual.  “Eligible Individual” for a Plan Year means a
Director or Eligible Executive who is eligible to participate in the Plan for
that Plan Year.

       

      Section
2.21  Employee.  “Employee”
shall mean any employee of the Company or any Affiliated Company.

       

      Section
2.22  Employer.  “Employer”
means each Affiliated Company having Employees who are eligible to participate
in the Plan.  An Affiliated Company qualifying as an Employer as of
January 1, 2005 shall continue as such, subject to the provisions of the
Plan.  For periods on and after January 1, 2005, if an Affiliated
Company acquires a corporation or other trade or business, and if the acquired
entity is thereupon maintained as a separate Employer or operating unit with
respect an Affiliated Company in general, then such entity shall not be deemed
to be an Employer with respect to the Plan, and the Employees employed by that
entity shall not be eligible to participate in the Plan, unless and until the
Company directly, or acting through the Plan Administration Committee,
affirmatively designates the acquired entity as an Employer.

       

      Section
2.23  ERISA.  “ERISA”
means the Employee Retirement Income Security Act of 1974, as
amended.

       

      Section
2.24  Participant.  “Participant”
means a Director or an Eligible Executive who has elected to participant in the
Plan by filing a Deferral Election Agreement as provided in
Article III.  Each Director who is awarded Shares Grants shall
also be a Participant with respect to such awards.

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

       

      Section
2.25  Plan.  “Plan”
means this Deferred Stock Unit Plan for Non-Employee Directors and Selected
Executives, as may be amended from time to time.

       

      Section
2.26  Plan
Administration Committee.  “Plan Administration Committee”
means the committee that is responsible for the operation and administration of
the Plan, as identified in Section 8.1(c).

       

      Section
2.27  Plan
Year.  “Plan Year” means a 12-month period beginning January 1
and ending the following December 31.

       

      Section
2.28  Qualified
Change in Control Event.  “Qualified Change in Control Event”
is a change in control of an Employer, as more fully prescribed in
Article VI.

       

      Section
2.29  Quarterly
Bonus.  “Quarterly Bonus” means the amount awarded to an
Eligible Executive for each quarterly performance period within a Plan Year
pursuant to any approved incentive plan maintained by an Employer.

       

      Section
2.30  Retainer.  “Retainer”
means any retainers payable to a Director for services performed for the Board
during a Board Service Period, exclusive of any supplemental Board meeting fees,
chair fees or committee meeting fees payable to the Director.

       

      Section
2.31  Retirement.  “Retirement”
or “Retired” means:

       

      
        	
                (a)  

              	
                In
      the case of a Participant who is an Eligible Executive, the Participant’s
      Separation from Service after both attaining age 55 and completing at
      least 10 continuous years of service with the Affiliated Companies;
      and

              

      

      
         

        
          	
                  (b)  

                	
                        
                    In
      the case of a Participant who is a Director, the Participant’s Separation
      from Service.

                  

                

        

         

      

      Section
2.32  Roll-up
Performance Bonus.  “Roll-up Performance Bonus” means the bonus
of the same name that is awarded to an Eligible Executive under an incentive
plan maintained by an Employer.  Under the terms of the incentive
plan, a Roll-up Performance Bonus is (i) contingent upon the satisfaction of
organizational or individual performance criteria, and (ii) measured on the
basis of a performance period of 12 months (being the Plan
Year).  A performance bonus payable to an Eligible Executive that does
not satisfy both of the above conditions will be treated under the Plan as a
Quarterly Bonus.

       

      Section
2.33  Separation
from Service.

       

      
        	
                (a)  

              	
                In
      the case of a Participant who is a Director, a Separation from Service
      will occur when the Director ceases to be a member of the Board; provided
      that (i) the cessation constitutes a good-faith and complete termination
      of the Director’s service relationship with the Company, and (ii) it
      is not anticipated that the services of the Director will be renewed,
      either as a Director, or as an independent contractor or an Employee of
      the Company or another Affiliated
Company.

              

      

       

      
        	
                (b)  

              	
                Subject
      to the further provisions of this Section 2.33, a Participant who is
      an Eligible Executive will incur a Separation from Service for purposes of
      the Plan if the Eligible Executive dies, retires, or otherwise has a
      termination of employment as to all the  Affiliated
      Companies.

              

      

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      
        	
                (c)  

              	
                An
      Eligible Executive’s employment relationship with an Affiliated Company
      will be treated as continuing intact, and thus the Eligible Executive will
      not be deemed to have incurred a Separation from Service, while the
      Eligible Executive is on military leave, sick leave or other bona fide
      leave of absence if the period of such leave does not exceed
      six months, or if longer, so long as the Eligible Executive retains a
      right to reemployment with the Affiliated Company under an applicable
      statute or by contract.  A leave of absence constitutes a bona
      fide leave of absence only if there is a reasonable expectation that the
      Eligible Executive will return to perform services for the Affiliated
      Company.  If the period of leave exceeds six months and the
      Eligible Executive does not retain a right to reemployment under an
      applicable statute or by contract, the employment relationship is deemed
      to terminate on the first day immediately following such six-month
      period.

              

      

       

      
        	
                (d)  

              	
                Whether
      a termination of employment has occurred is determined based on whether
      the facts and circumstances indicate that the Affiliated Company and the
      Eligible Executive reasonably anticipated that no further services would
      be performed after a certain date, or that the level of bona fide services
      the Eligible Executive would perform after such date (whether as an
      Employee or as an independent contractor) would permanently decrease to no
      more than 20 percent of the average level of bona fide services
      performed  (whether as an Employee or an independent contractor)
      over the immediately preceding 36-month period (or the full period of
      services to the Affiliated Companies if the Eligible Executive has been
      providing services to the Affiliated Companies less than 36
      months).  An Eligible Executive is presumed to have incurred a
      Separation from Service where the level of bona fide services performed
      decreases to a level equal to 20 percent or less of the average level of
      services performed by the Eligible Executive during the immediately
      preceding 36-month period.  An Eligible Executive will be
      presumed not to have incurred a Separation from Service where the level of
      bona fide services performed continues at a level that is 50 percent or
      more of the average level of service performed by the Eligible Executive
      during the immediately preceding 36-month period.  No
      presumption applies to a decrease in the level of bona fide services
      performed to a level that is more than 20 percent, and less than 50
      percent, of the average level of bona fide services performed during the
      immediately preceding 36-month
period.

              

      

       

      Section
2.34  Share.  “Share”
shall mean a share of common stock of the Company, par value $.0001 per
share.

       

      Section
2.35  Shares
Grant.  “Shares Grant” means the grant of Shares, if any,
awarded by the Company to a Director as authorized by the Company’s 2004
Long-Term Incentive Plan (“2004 LTIP”).

       

      Section
2.36  Specified
Employee.

       

      
        	
                (a)  

              	
                Each
      Participant who is an Eligible Executive, or an Employee serving as a
      Director, shall be deemed to be a Specified Employee for purposes of the
      Plan, and therefore shall be subject to distribution restrictions
      prescribed under Section 5.6 of the
Plan.

              

      

       

      
        	
                (b)  

              	
                A
      Participant who is not an Eligible Executive, or an Employee serving as a
      Director, (i.e., an “outside” Director) is not a Specified Employee,
      and therefore is not a Specified Employee for purposes of the
      Plan.

              

      

       

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      Section
2.37  Specified
Time.  “Specified Time” means a designated Deferral Period with
respect to a DSU Account that based on a stated number of years, as prescribed
in Section 3.5(b).

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      ARTICLE
III

       

       

      PARTICIPATION
AND DEFERRAL ELECTIONS

       

      Section
3.1  Eligibility.

       

      
        	
                (a)  

              	
                Each
      Director and Eligible Executive who was a Participant in the Plan as of
      December 31, 2007 shall continue as such, subject to the provisions
      of the Plan.

              

      

       

      
        	
                (b)  

              	
                On
      or after January 1, 2008, each individual who becomes a Director or
      an Eligible Executive shall be immediately eligible to become a
      Participant in the Plan.

              

      

       

      
        	
                (c)  

              	
                An
      Eligible Executive who is transferred from an Employer to employment with
      an Affiliated Company that is not an Employer with respect to the Plan, or
      who while continuing in the employ of an Employer ceases to be an Eligible
      Executive (a “Transferred Participant”), shall not be considered to have
      incurred a Separation from Service.  The Transferred Participant
      shall continue to be eligible to make deferrals under the Plan through the
      end of the Plan Year in which such transfer occurs, or for such additional
      period as may be permitted by the Compensation
  Committee.

              

      

       

      Section
3.2  Duration
of Participation.  Each Participant shall remain a Participant
under the Plan until the balance of all of the Participant’s DSU Accounts has
been distributed to the Participant or the Participant’s
Beneficiary.

       

      Section
3.3  Deferral
Election Agreement.

       

      
        	
                (a)  

              	
                For
      each Board Service Period, each Director shall be permitted to submit a
      Deferral Election Agreement with respect to the Retainer otherwise payable
      to the Director for services performed during the Board Service
      Period.

              

      

       

      
        	
                (b)  

              	
                For
      each Plan Year, each Eligible Executive for that Plan Year shall be
      permitted to submit a separate Deferral Election Agreement with respect to
      each of the forms of Eligible Compensation otherwise payable to the
      Eligible Executive for services performed during the Plan
      Year.  The forms of Eligible Compensation for a Plan Year
      consist of Base Salary, Quarterly Bonuses and Roll-up Performance
      Bonus.  For administrative convenience, the Plan Administration
      Committee can direct that the elections for two or more forms of the
      Eligible Compensation be combined on a single form.  The
      submission of the Deferral Election Agreement must be made in accordance
      with such policies and procedures established by the Plan Administration
      Committee and communicated to Eligible Individuals, which procedures may
      permit or require elections to be made by electronic
  media.

              

      

       

      
        	
                (c)  

              	
                The
      Deferral Election Agreement with respect to each form of Eligible
      Compensation shall include the elections and descriptions prescribed
      below.

              

      

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

       

      
        	
                (i)  

              	
                The
      amount of the Participant’s Eligible Compensation to be deferred for the
      Board Service Period or Plan Year, as applicable
      (i.e., the “Deferred Amount,” as described more fully in
      Section 3.4);

              

      

       

      
        	
                (ii)  

              	
                The
      designated payment event for such Deferred Amount, as described more fully
      in Section 3.5; and

              

      

       

      
        	
                (iii)  

              	
                The
      form in which the Deferred Amount is elected to be paid, as described more
      fully in Section 3.6.

              

      

       

      Section
3.4  Deferred
Amount.

       

      
        	
                 
      

              	
                (a)

              	
                The
      Deferral Election Agreement of a Participant for a Board Service Period or
      Plan Year, as applicable, shall designate the amount of each form of the
      Eligible Compensation for the period that the Participant elects to have
      deferred under the Plan (the “Deferred
  Amount”).

              

      

       

      
        	
                 
      

              	
                (i)

              	
                A
      Director may elect to defer up to 100% of his or her Retainer for a Board
      Service Period.

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                An
      Eligible Executive shall make a separate deferral election for each form
      of the Eligible Executive’s Eligible Compensation (i.e., Base Salary,
      Quarterly Bonus and Roll-up Performance Bonus) for the Plan
      Year.  The maximum or minimum amount of deferral that may be
      elected by an Eligible Executive for a Plan Year with respect to each form
      of Eligible Compensation shall be established by the Plan Administration
      Committee.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                The
      aspect of a Deferral Election Agreement regarding the elected Deferred
      Amount shall not apply to any pay period for which the amount of the
      Eligible Compensation remaining to be paid to the Participant (but for the
      deferral election), after making any other deductions or withholdings of
      income, would be less than the Deferred Amount prescribed in the Deferral
      Election Agreement.

              

      

       

      Section
3.5  Designated
Payment Event.  A Participant’s Deferral Election Agreement
must designate the event that will give rise to the payment of the Deferred
Amount.  The period of the deferral through the date of the event
giving rise to the payment of the Deferred Amount is sometimes referred to
herein as the “Deferral Period.”  Subject to the terms of the Plan,
including Section 5.6 (regarding the restriction on distributions to
Specified Employees), a Participant may elect to have the Deferred Amount
pertaining to services performed in any Board Service Period or Plan Year, as
applicable, become payable upon either of the following alternative
events:

      
         

        
          	
                   
      

                	
                  (a)

                	
                        
                    The
      Participant’s Retirement or other Separation from Service;
      or

                  

                

        

        
           

          
            	
                     
      

                  	
                    (b)

                  	
                          
                      The
      last day of a future calendar year; provided, however, that such
      designated calendar year cannot be earlier than the second calendar year
      following the calendar year in which falls the first day of the Board
      Service Period or Plan Year, as applicable, to which the deferred
      compensation pertains (i.e., as of a “Specified
      Time”).  For example, a Director may elect the designated
      payment event for a DSU Account pertaining to the Board
      

                    

                  

          

        

      

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

       

       

      
        
           

          
            	
                     
      

                  	
                     

                  	
                          
                      Service
      Period beginning as of the annual Board meeting held in May of Year 1 to
      be December 31 of Year 3, or the last day of any subsequent calendar
      year.

                    

                  

          

        

         

      

      Notwithstanding
the terms of a Deferral Election Agreement, a Participant’s Retirement shall be
a designated payment event with respect to each of the Participant’s DSU
Accounts.  Accordingly, if such Retirement occurs prior to the
occurrence of the Specified Time designated in any Deferral Election Agreement
for any DSU Account, then the Retirement shall supplant the Specified Time
election with respect to that  DSU Account.

       

      Section
3.6  Form of
Payment.  A Participant’s Deferral Election Agreement shall
designate the form in which the Deferred Amount will be paid if such payments
arise by reason of a designated payment event prescribed in Section 3.5
above.  The permissive forms of payment are:

       

      
        	
                 
      

              	
                (a)

              	
                A
      lump sum; or

              

      

       

      
        	
                 
      

              	
                (b)

              	
                Substantially
      equal annual installments over a period (as the Participant shall
      designate) of not less than two years and not more than
      10 years.

              

      

       

      Section 3.7  Deferral
Election Deadline.

       

      
        	
              	
                (a)  

              	
                A
      Deferral Election pertaining to a Director’s Retainer that may otherwise
      become payable to the Director for services performed to the Board during
      a Board Service Period must be filed on or before December 31 of the
      Plan Year immediately preceding the beginning of the Board Service Period
      for which it is effective (a “Statutory Deadline”), or as of such
      earlier submission date established by the Plan Administration
      Committee.

              

      

       

      
        	
              	
                (b)  

              	
                A
      Deferral Election pertaining to any Base Salary or Quarterly Bonuses that
      may otherwise become payable to an Eligible Executive for services
      performed during a Plan Year, including in regard to the fourth quarter
      Quarterly Bonus for a Plan Year that will be paid after the end of that
      Plan Year, must be submitted on or before December 31 of the Plan
      Year immediately preceding the Plan Year for which it is effective
      (a “Statutory Deadline”), or as of such earlier submission date
      established by the Plan Administration
  Committee.

              

      

       

      
        	
              	
                (c)  

              	
                A
      Deferral Election pertaining to any Roll-up Performance Bonus that may
      otherwise become payable to an Eligible Executive for services performed
      during a Plan Year must be submitted on or before December 31 of the
      Plan Year immediately preceding the Plan Year performance period for which
      it is effective (a “Statutory Deadline”), or as of such earlier
      submission date established by the Plan Administration
      Committee.  Notwithstanding the foregoing, the Compensation
      Committee in its discretion may permit Eligible Executives to submit the
      Deferral Election for the Roll-up Performance Bonus pertaining to any Plan
      Year on or before June 30 falling within the applicable Plan Year
      (a “Statutory Deadline”), or as of such earlier submission date
      established by the Plan Administration Committee, subject to the following
      conditions:

              

      

       

      
        	
              	
                (i)  

              	
                The
      Eligible Executive must have performed services for the Employer
      continuously during the period beginning on the later of the beginning of
      the performance period or the date the applicable performance criteria are
      established, and ending on the date the election is made;
    and

              

      

       

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

       

      
        	
              	
                (ii)  

              	
                The
      election is made before the amount of the Roll-up Performance Bonus
      becomes readily ascertainable.

              

      

       

      Section
3.8  Election
for First Year of Eligibility.  Notwithstanding Section 3.7
above, the provisions of this Section 3.8 shall apply in regard to an individual
who becomes an Eligible Executive or a Director, and thereupon becomes eligible
to participate in the Plan, after the first day of a Plan Year.

       

      
        	
                (a)  

              	
                The
      timing of the Eligible Individual’s initial Deferral Election shall be
      governed by the rules prescribed
below.

              

      

       

      
        	
              	
                (i)  

              	
                The
      initial Deferral Election must be made within 30 days after the date
      the individual becomes such an Eligible Individual.  Except as
      provided in paragraph (ii) below, the Eligible Individual’s initial
      Deferral Election, or the decision to not make an initial Deferral
      Election, shall become irrevocable as of the expiration of such 30-day
      election period.

              

      

       

      
        	
              	
                (ii)  

              	
                Notwithstanding
      paragraph (i) above, an initial Deferral Election by an Eligible
      Executive with respect to a Quarterly Bonus or a Roll-up Performance Bonus
      that is affirmatively made and submitted under the Plan by the last day of
      the quarter or Plan Year preceding the quarter or Plan Year for which the
      Deferral Election will first apply, and before the expiration of the
      otherwise applicable 30-day election period, shall become irrevocable as
      of the last day of such preceding quarter or Plan
  Year.

              

      

       

      
        	
              	
                (iii)  

              	
                In
      no event may the deadline for making an initial Deferral Election under
      this Plan with respect to any Eligible Individual for any Plan Year be
      subsequent to the deadline imposed on that Eligible Individual for making
      a Deferral Election for such Plan Year under any other Aggregated
      Plan.

              

      

       

      
        	
                (b)  

              	
                A
      former Participant who has again become an Eligible Individual shall be
      treated as first becoming eligible to participate in the Plan, and thus
      shall be subject to the special election rules of this Section 3.8,
      under either of the following
circumstances:

              

      

       

      
        	
              	
                (i)  

              	
                The
      former Participant has been paid all amounts deferred under the Plan and
      all other Aggregated Plans, and the Participant ceased to be eligible to
      elect to continue to participate in the Plan or an Aggregated Plan on or
      before the date of the last such payment;
or

              

      

       

      
        	
              	
                (ii)  

              	
                The
      former Participant was not eligible to participate in the Plan or an
      Aggregated Plan during the 24-month period ending on the date of again
      becoming eligible to participate in the Plan or an Aggregated
      Plan.

              

      

       

      
        	
                (c)  

              	
                The
      compensation to which such initial Deferral Election will apply shall be
      determined in accordance with the rules set forth
  below.

              

      

       

      
        	
              	
                (i)  

              	
                The
      Eligible Individual’s initial Deferral Election shall apply only to the
      Eligible Compensation otherwise payable for services performed by the
      Eligible Individual 

              

      

       

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      
         

        
          	
                	
                    

                	
                  subsequent
      to the date the Deferral Election has become irrevocable pursuant to
      subsection (a) above.

                

        

         

      

      
        	
              	
                (ii)  

              	
                For
      purposes of paragraph (i) above, as with respect to a Deferral
      Election by an Eligible Executive pertaining to a Quarterly or Roll-up
      Performance Bonus, if the initial Deferral Election is made after the
      beginning of the applicable bonus performance period, the Deferral
      Election shall apply to the total amount of Eligible Compensation for the
      applicable performance period multiplied by a fraction, the numerator of
      which is the number of days remaining in the performance period after the
      election has become irrevocable, and the denominator of which is the total
      number of days in the performance
period.

              

      

       

      
        	
              	
                (iii)  

              	
                The
      formula prescribed in paragraph (ii) above shall also apply in regard
      to a Deferral Election pertaining to the deferral of the Eligible
      Executive’s Base Salary or to a Director’s Retainer, unless the amount of
      the individual’s Eligible Compensation for the portion of a period prior
      to the date of the irrevocability of the Deferral Election (i.e., the
      amount of the Eligible Compensation that is not eligible to be deferred
      under the Plan) can be readily
ascertained.

              

      

       

      Section
3.9  Irrevocability
of Election. 

       

      
        	
                (a)  

              	
                Once
      the applicable Statutory Deadline to make a Deferral Election for any form
      of Eligible Compensation with respect to any Board Service Period or Plan
      Year, as applicable, has passed, as prescribed in Section 3.7, or once the
      deadline for making an initial Deferral Election pursuant to Section 3.8
      above has expired, the Deferral Election shall generally become
      irrevocable.  The consequences of such include the
      following:

              

      

       

      
        	
              	
                (i)  

              	
                The
      amount of the Eligible Compensation that the Participant elected to defer
      for the Board Service Period or Plan Year, as applicable, or the election
      not to defer any amount, cannot be canceled or
  modified;

              

      

       

      
        	
              	
                (ii)  

              	
                The
      form of payment for the DSU Account to which the Deferred Election applies
      cannot be modified; and

              

      

       

      
        	
              	
                (iii)  

              	
                The
      designated date of payment for the DSU Account to which the Deferred
      Election applies cannot be modified, except as provided in
      Section 5.8.

              

      

       

      
        	
                (b)  

              	
                Notwithstanding
      subsection (a) above, an Eligible Executive who receives a hardship
      withdrawal from a Section 401(k) plan maintained by the Company or
      another Affiliated Company, and who is thereupon suspended from making
      elective deferrals under all qualified and non-qualified plans of the
      Affiliated Companies pursuant to IRS Regulation § 1.401(k)-1(d)(3)
      and the terms of the 401(k) plan, shall have his or her Deferral Election
      under this Plan thereupon canceled on a prospective basis.  Such
      Deferral Election cancellation rule shall be subject to the
      following:

              

      

       

      
        	
              	
                (i)  

              	
                An
      Eligible Executive’s Deferral Election shall not be canceled upon the
      hardship withdrawal if the 401(k) plan does not require the suspension of
      elective deferrals; and

              

      

       

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

       

      
        	
              	
                (ii)  

              	
                An
      Eligible Executive whose Deferral Election is canceled pursuant to the
      above, and who thereafter becomes eligible to resume making deferrals
      under this Plan, shall nevertheless remain subject to the general election
      deadline rules prescribed under this
      Section 3.9.  Accordingly, the Eligible Executive shall not
      be permitted to resume making elective deferrals under this Plan for any
      period prior to the first day of the Plan Year following the expiration of
      the elective deferral suspension period under the applicable 401(k)
      plan.

              

      

       

      
        	
                (c)  

              	
                Further
      notwithstanding subsection (a) above, the Deferral Election of a
      Participant who receives an Unforeseeable Emergency withdrawal from the
      Plan pursuant to Section 5.11 shall be cancelled on a prospective
      basis.  Such cancellation shall continue in effect for the
      remainder of the Plan Year in which the withdrawal is made.  The
      Participant, if otherwise so eligible, shall be permitted to elect to make
      elective deferrals under the Plan for the subsequent Plan
      Year.

              

      

       

      Section
3.10  Evergreen
Elections.

       

      
        	
                (a)  

              	
                Prior
      to each Deferral Election Agreement submission deadline, each Eligible
      Individual shall be provided information regarding the Eligible
      Individual’s deferral rights under the Plan for the following Plan Year or
      other applicable period.  The Eligible Individual shall then be
      permitted to affirmatively elect or decline to enter into a Deferral
      Election Agreement for the applicable period.  In the event that
      an Eligible Individual fails to timely submit a Deferral Election
      Agreement, or fails to affirmatively decline to enter into a Deferral
      Election Agreement, for any period, then the Eligible Individual shall be
      deemed to have made the same Deferral Election (or election declination)
      as had most recently been made for the form of Eligible Compensation at
      issue.

              

      

       

      
        	
                (b)  

              	
                Subject
      to Section 3.9(b) above (regarding the cancellation of a Deferred
      Election upon a 401(k) plan hardship withdrawal), a deemed election shall
      become irrevocable as of the applicable Statutory Deadline (as prescribed
      in Section 3.7).  For example, an Eligible Executive who
      fails to make or affirmatively decline a Deferral Election Agreement in
      regard to Base Salary payable for Year 2 will be deemed to have made
      the same Base Salary Deferral Election, or election declination, as in
      effect for Year 1.  An Eligible Individual who is first
      eligible to make a Deferral Election for any form of Eligible
      Compensation, but fails to timely make such election, shall be deemed to
      have declined such Deferral Election.  Subject to
      subsection (c) below, this deemed evergreen election shall apply to
      all aspects of an Eligible Individual’s Deferral Election, including in
      regard to the designated Deferral
Period.

              

      

       

      
        	
                (c)  

              	
                The
      Deferral Period applicable to a evergreen election deemed to be made under
      this Section 3.10 with respect to any form of Eligible Compensation
      shall be determined as prescribed
below.

              

      

       

      
        	
              	
                (i)  

              	
                If
      the most recent Deferral Election for the form of Eligible Compensation at
      issue designated a Deferral Period extending to the Eligible Individual’s
      Retirement or other Separation from Service, then that same designation
      shall apply to the deemed evergreen
election.

              

      

       

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

       

      
        	
              	
                (ii)  

              	
                If
      the most recent Deferral Election for the form of Eligible Compensation
      designated a deferral of payment for a Specified Time, then that Specified
      Time shall be deemed to have also been elected; provided, however, if that
      Specified Time is not the end of at least two full calendar years
      following the beginning of the Board Service Period or Plan Year, as
      applicable, to which the deemed evergreen election applies, then the
      Deferral Period for a Deferred Amount that is the subject of the deemed
      election shall be the end of such second future calendar
    year.

              

      

       

      Section
3.11  Non-Elective
LTIP Shares Grant Deferrals.

       

      
        	
                (a)  

              	
                Each
      Shares Grant awarded to a Director under the 2004 LTIP shall be
      automatically deferred under the Plan on a non-elective basis, and shall
      be credited to the Director’s DSU
Account.

              

      

      
         

        
          	
                  (b)  

                	
                        
                    A
      Director who receives a Shares Grant for any Board Service Period shall be
      deemed to have made the same election as to the timing and form of payment
      of the DSU Account to which the Shares Grant is credited as the election
      that was made (or which was deemed to have been made pursuant to
      Section 3.10 above) in connection with the deferral of the Director’s
      Retainer for such Board Service Period.  In the event the
      Director did not make (and is not deemed to have made) a Deferral Election
      for such Board Service Period, then the Director shall be deemed to have
      elected to have the balance of the DSU Account pertaining to such Shares
      Grant paid in a lump sum upon
  Retirement.

                  

                

        

      

       

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

      ARTICLE
IV

       

      MAINTENANCE
AND INVESTMENT OF ACCOUNTS

       

       

      Section
4.1  DSU
Accounts.

       

      
        	
                (a)  

              	
                Separate
      DSU Accounts shall be maintained for each Participant.  An
      amount equal to that the Eligible Compensation deferred by or on behalf of
      the Participant under the Plan shall be credited to the applicable DSU
      Accounts.  More than one DSU Account may be maintained for a
      Participant as necessary to reflect separate Deferral Election Agreements
      specifying different Deferral Periods or forms of
  payment.

              

      

       

      
        	
                (b)  

              	
                A
      Participant’s DSU Accounts shall be utilized solely as a device for the
      measurement and determination of the amounts to be paid to the Participant
      pursuant to this Plan, and shall not constitute or be treated as a trust
      fund of any kind.

              

      

       

      
        	
                (c)  

              	
                A
      DSU Account will be credited with the number of DSUs calculated to the
      nearest thousandth of a DSU, determined by dividing the Deferred Amount on
      the date of deferral by the closing market price of the Company’s common
      stock as reported on the Consolidated Tape of the New York Stock Exchange
      listed shares on such date of
deferral.

              

      

       

      Section
4.2  Dividend
Equivalent Credits.  To the extent the Company pays dividends,
on each dividend payment date, a Participant’s DSU Account will be credited with
Dividend Equivalents in additional DSUs determined by multiplying the number of
DSUs in the Participant’s DSU Account on the related dividend record date by any
per share cash dividends declared by the Company on its own common stock and
dividing the product by the closing market price of the Company’s common stock
as reported on the Consolidated Tape of the New York Stock Exchange listed
shares on such dividend payment date.  At the Compensation Committee’s
discretion, the DSU Accounts may also be credited with DSUs by multiplying the
number of DSUs in a Participant’s DSU Account by any stock dividends declared by
the Company on its common stock, unless the DSU Accounts are adjusted pursuant
to Section 4.3

       

      Section
4.3  Capital
Adjustments.  The number of DSUs in a Participant’s DSU Account
shall be adjusted, as the Board or Compensation Committee deems appropriate, to
reflect stock dividends, stock splits, reclassifications, spinoffs, and other
extraordinary distributions, as if those DSUs were actual Shares.

       

      Section
4.4  Vesting.  A
Participant shall be 100% vested in the balance of each of his or her DSU
Accounts at all times.

       

      Section
4.5  Statement
of Accounts.  The Plan Administration Committee shall submit to
each Participant quarterly statements of his or her DSU Accounts, in such form
as the Plan Administration Committee deems desirable, setting forth the balance
to the credit of such Participant in his or her DSU Accounts as of the end of
the most recently completed quarter.

       

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

       

      Section
4.6  Hypothetical
Nature of Accounts and Investments.  Each DSU Account
established under this Article IV shall be maintained for bookkeeping
purposes only.  Neither the Plan nor any of the DSU Accounts
established under the Plan shall hold any actual funds or assets.  The
DSU Accounts established hereunder shall be used solely to determine the amounts
to be paid hereunder, shall not be or represent an equity security of the
Company, shall not be convertible into or otherwise entitle a Participant to
acquire an equity security of the Company and shall not carry any voting
rights.

       

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

      ARTICLE
V

       

      DISTRIBUTIONS

       

       

      Section
5.1  Eligibility
for Distributions.  Except as otherwise provided herein, a
distribution from a Participant’s DSU Account may be made only on account of one
of the following events incurred by or with respect to the
Participant:

       

      
        	
                (a)  

              	
                The
      Participant’s Separation from Service.  In this regard, a
      distribution by reason of a Participant’s Retirement shall be permitted
      only if the Retirement constitutes a Separation from
    Service;

              

      

       

      
        	
                (b)  

              	
                The
      Participant becoming Disabled;

              

      

       

      
        	
                (c)  

              	
                The
      Participant’s death;

              

      

       

      
        	
                (d)  

              	
                A
      Specified Time, as prescribed under the Participant’s Deferral Election
      Agreement;

              

      

       

      
        	
                (e)  

              	
                An
      Unforeseeable Emergency, as prescribed in Section 5.11 below;
      or

              

      

       

      
        	
                (f)  

              	
                The
      termination of the Plan, or portion of the Plan, prescribed in
      Section 9.2.

              

      

       

      Section
5.2  Retirement
Distributions.  Subject to Section 5.6 below, in either of
the circumstances described below, upon a Participant’s Retirement, the value of
the Participant’s DSU Accounts shall be then distributed to the Participant in
installments or in a lump sum as designated in the applicable Deferral Election
Agreement.

       

      
        	
                (a)  

              	
                The  Participant
      had elected to receive payment of a DSU Account upon Retirement;
      or

              

      

       

      
        	
                (b)  

              	
                The
      Deferral Period elected by the Participant for that DSU Account was a
      Specified Time, but the Participant Retires before the end of that
      Specified Time.

              

      

       

      Section
5.3  Specified
Time Distributions.  Subject to Sections 5.6 and 5.8
below, if the Deferral Period elected by a Participant with respect to a DSU
Account is a Specified Time, and the Participant did not Retire before the end
of that Specified Time, then upon the end of that Specified Time, the value of
the DSU Account at issue shall be distributed to the Participant in installments
or in a lump sum as designated in the applicable Deferral Election
Agreement.

       

      Section
5.4  Other
Payment Events.  Notwithstanding the provisions of any Deferral
Election Agreement, if prior to Retirement a Participant dies, becomes Disabled
but remains employed, or incurs a Separation from Service, the entire balance of
all of the Participant’s DSU Accounts shall be distributed to the Participant or
the Participant’s Beneficiary or Beneficiaries (as the case may be) in a lump
sum payment.

       

      Section
5.5  Designated
Payment Date.

       

      
        	
                (a)  

              	
                The
      designated date as of which the value of a Participant’s DSU Account is to
      be distributed, or shall commence being distributed, shall be as
      prescribed below.

              

      

       

       

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

      
        	
                (i)  

              	
                The
      designated payment date with respect to a DSU Account to be distributed in
      a lump sum payment, including with respect to a lump sum payment made to a
      Participant’s Beneficiary upon the Participant’s death, shall be the first
      day following the date of the event giving rise to the lump sum payment
      (or, if later, the date as of which the final deferral with respect to the
      Deferral Election Agreement pertaining to the DSU Account is withheld from
      the Participant’s paycheck).

              

      

       

      
        	
                (ii)  

              	
                In
      the case of distributions to be made to a Participant in the form of
      installment payments, the designated payment dates shall be the
      first day of the month following the date of the event that gives
      rise to the payment, and each annual anniversary of that initial
      designated payment date.

              

      

       

      
        	
                (iii)  

              	
                The
      designated payment date with respect to amounts in a Director’s DSU
      Account that are attributable to deferrals of Shares Grants shall be paid
      to the Director in a lump sum within 90 days after the date of the
      Director’s Separation from Service of the
Board.

              

      

       

      
        	
                (iv)  

              	
                The
      designated payment date with respect to a withdrawal due to an
      Unforeseeable Emergency pursuant to Section 5.9 below shall be the
      date as of which the withdrawal request is approved by the Plan
      Administration Committee.

              

      

       

      
        	
                (b)  

              	
                For
      purposes of the administrative provisions of this Plan, a payment shall be
      treated as having been made upon the date specified under
      subsection (a) above if the payment is
  made:

              

      

       

      
        	
                (i)  

              	
                On
      such date or a later date within the same calendar year;
  or

              

      

       

      
        	
                (ii)  

              	
                If
      later, by the 15th
      day of the third calendar month following the date so
      specified.

              

      

       

      Notwithstanding
the foregoing, if calculation of the amount of the payment is not
administratively practicable due to events beyond the control of the Participant
(or the Participant’s estate), the payment will be treated as made upon the
specified date if the payment is made during the first calendar year in which
the payment is administratively practicable.

       

      For
purposes of administrative convenience, payment may be made to a Participant no
earlier than 30 days before the designated payment date prescribed in subsection
(a) above.

       

      In
no event shall a Participant be permitted, directly or indirectly, to designate
the taxable year of the distribution.

       

      Section
5.6  Restriction
on Distributions to Specified Employees.

       

      
        	
                (a)  

              	
                Notwithstanding
      the provisions of Section 5.5 above, if a Participant is a Specified
      Employee as of the date of the Participant’s Retirement or other
      Separation from Service, then, by reason of such event, the amounts held
      in the Participant’s DSU Accounts shall become payable as of the
      first day of the seventh month following the date of the
      

              

      

       

      
        
           

        

        
          18

          
            

          

        

        
           

        

      

      
         

        
          	
                    

                	
                   Participant’s
      Retirement or other Separation from Service (or, if earlier, as of the
      date of the Participant’s death).

                

        

         

      

      
        	
                (b)  

              	
                If
      the distributions to the Specified Employee are to be made in annual
      installments, the delay in payment prescribed in subsection (a)(ii)
      above shall apply solely to the first installment payment.  Each
      subsequent installment payment shall be made as of the date such payment
      otherwise would have been made pursuant to
    Section 5.5.

              

      

       

      
        	
                (c)  

              	
                The
      distribution restrictions prescribed in subsection (a)(ii) above
      shall not apply to a payment to be made pursuant to Section 5.7(b)(i)
      or (ii) (regarding the payment of employment taxes and compensation
      deferred under the Plan or a certificate of divesture compliance
      distributions), or Section 10.2(b) (regarding domestic relations
      orders).

              

      

       

      Section
5.7  No
Acceleration of Scheduled Distributions.

       

      
        	
                (a)  

              	
                Except
      as otherwise provided in the Plan, the time or schedule of any
      distribution of any portion of a Participant’s DSU Accounts shall not be
      permitted to be accelerated, either at the election of the Participant or
      at the discretion of the Compensation Committee or the Plan Administration
      Committee.

              

      

      
         

        
          	
                  (b)  

                	
                        
                    Notwithstanding
      the foregoing, distributions may be made to or on behalf of a Participant
      prior to the otherwise applicable designated payment date in the following
      situations:

                  

                

        

         

      

      
        	
                (i)  

              	
                As
      may be necessary to comply with a certificate of divestiture (as defined
      in Code Section 1043(b)(2));

              

      

       

      
        	
                (ii)  

              	
                To
      pay FICA taxes on amounts deferred under the Plan, or income taxes on
      additional charges arising from the Employer’s payment of FICA taxes or
      for amounts attributable to the pyramiding of wages and taxes;
      or

              

      

       

      
        	
                (iii)  

              	
                If
      the Plan at any time fails to meet the requirements of Code
      Section 409A and the underlying regulations.  In that
      event, however, the accelerated payment may not exceed the amount required
      to be included in the Participant’s income as a result of the Plan’s
      failure to comply with the Code Section 409A
      requirements.

              

      

       

      Section
5.8  Extension
of Specified Time Deferral Period.  Section 3.5(b) of the
Plan permits a Participant to select a Deferral Period of a stated period of
calendar years (i.e., a “Specified Time Deferral Period”).  In
this connection, a Participant shall be permitted to extend a Specified Time
Deferral Period with respect to a DSU Account, subject to the conditions set
forth below.

       

      
        	
                (a)  

              	
                An
      election to extend the Specified Time Deferral Period with respect to any
      DSU Account must be submitted under the Plan in accordance with the Plan
      Administration Committee’s established
  procedures.

              

      

       

      
        	
                (b)  

              	
                Any
      such election shall not take effect under the Plan until 12 months
      after the date on which the election is properly
  submitted.

              

      

       

      
        
           

        

        
          19

          
            

          

        

        
           

        

      

       

      
        	
                (c)  

              	
                An
      election to extend a Specified Time Deferral Period must provide for the
      lengthening of the Specified Time Deferral Period for a period of not less
      than an additional five years.

              

      

       

      
        	
                (d)  

              	
                Any
      election to extend a Specified Time Deferral Period must be made at least
      12 months prior to the designated payment date (as prescribed in
      Section 5.5(a)) for the first scheduled payment from the applicable
      DSU Account.

              

      

       

      
        	
                (e)  

              	
                For
      purposes of this Section 5.8:

              

      

       

      
        	
                (i)  

              	
                The
      entitlement to installment payments shall be treated as the entitlement to
      a single payment; and

              

      

       

      
        	
                (ii)  

              	
                The
      applicable designated payment date otherwise applicable to a Specified
      Time Deferral Period shall be determined without regard to the
      restrictions on distributions to Specified Employees prescribed in
      Section 5.6.

              

      

       

      Section
5.9  Delay of
Payments Under Certain Circumstances.  Notwithstanding any
provision of the Plan to the contrary, payment to a Participant will be delayed
to a date after the designated payment date otherwise prescribed under
Section 5.5 under any of the circumstances prescribed below.

       

      
        	
                (a)  

              	
                A
      payment to a Participant will be delayed where the Compensation Committee
      reasonably anticipates that the Company’s or other Affiliated Company’s
      income tax deduction with respect to such payment otherwise would be
      limited or eliminated by application of Code Section 162(m);
      provided, however, that in such event, the payment shall be made either at
      the earliest date at which the Compensation Committee reasonably
      anticipates that the deduction of the payment of the amount will not be
      limited or eliminated by application of Code Section 162(m), or the
      calendar year in which the Participant Separates from
    Service.

              

      

       

      
        	
                (b)  

              	
                A
      payment to a Participant will be delayed where the Compensation Committee
      reasonably anticipates that the making of the payment will violate federal
      securities laws or other applicable law; provided, however, that in such
      event, the payment to be made at the earliest date at which the Company or
      other Affiliated Company reasonably anticipates that the making of the
      payment will not cause such violation.  For purposes of this
      subsection (c), the making of a payment that would cause inclusion in
      gross income or other application of any penalty provision or other
      provision of the Code is not treated as a violation of applicable
      law.

              

      

       

      
        	
                (c)  

              	
                A
      payment to a Participant will be delayed upon such other events and
      conditions as may be prescribed in generally applicable guidance issued by
      the Internal Revenue Service.

              

      

       

      Section
5.10  Payment
Medium.

       

      
        	
                (a)  

              	
                All
      payments to a Participant (or to a Participant’s Beneficiary) with respect
      to the Participant’s DSU Account shall be paid in Shares, unless the
      Compensation Committee in its discretion directs that such amounts be paid
      in cash.  If Shares are not traded on The New York Stock
      Exchange on any day on which a payment of Shares is to be made under the
      Plan, then that payment shall be made on the next day on which Shares are
      traded on

              

      

      
         

        
          
             

          

          
            20

            
              

            

          

          
             

          

        

         

        
          	
                    

                	
                  the
      New York Stock Exchange.  Shares paid from this Plan will be
      drawn from shareholder-approved stock incentive
  plans.

                

        

         

      

      
        	
                (b)  

              	
                The
      value of any fractional Shares otherwise payable with respect to a
      Participant shall be paid in cash.  Such value shall be
      determined as of the last business day of the month immediately preceding
      the date of the payment or final payment, as the case may
    be.

              

      

       

      Section
5.11  Unforeseeable
Emergency Withdrawal.  A Participant who incurs an
Unforeseeable Emergency (as defined below) may submit a request to the Plan
Administration Committee for a withdrawal equal to that portion (or all) of the
Participant’s DSU Accounts as is then needed to alleviate the financial hardship
resulting therefrom.  Such withdrawals shall be subject to the
following provisions of this Section 5.11.

       

      
        	
                (a)  

              	
                For
      purposes of this Section 5.11:

              

      

       

      
        	
                (i)  

              	
                An
      “Unforeseeable Emergency” means a severe financial hardship to a
      Participant resulting from an illness or accident of the Participant, or
      of the spouse, a dependent (as defined in Code Section 152(a)) or a
      primary beneficiary (as defined below) of the Participant; the loss of the
      Participant’s property due to casualty; or other similar extraordinary and
      unforeseeable circumstances arising as a result of events beyond the
      control of the Participant; and

              

      

       

      
        	
                (ii)  

              	
                A
      ”primary beneficiary” of a Participant is an individual who is named as a
      Beneficiary of the Participant under the Plan, and who has an
      unconditional right to all, or a portion of, the balance of the
      Participant’s DSU Account upon the death of the
    Participant.

              

      

       

      
        	
                (b)  

              	
                The
      circumstances that will constitute an Unforeseeable Emergency will depend
      upon the facts of each case.  Examples of circumstances that may
      qualify as an Unforeseeable Emergency (provided that the other conditions
      of this Section 5.11 are satisfied)
are:

              

      

       

      
        	
                (i)  

              	
                The
      imminent foreclosure of, or eviction from, the Participant’s primary
      residence;

              

      

       

      
        	
                (ii)  

              	
                The
      need to pay for medical expenses, including non-refundable deductibles or
      the cost of prescription drugs; and

              

      

       

      
        	
                (iii)  

              	
                The
      need to pay for the funeral expenses of the spouse, or dependent or
      primary beneficiary of the
Participant.

              

      

       

      The
purchase of a home and the payment of college tuition are not Unforeseeable
Emergencies for purposes of this Plan.

       

      
        	
                (c)  

              	
                A
      withdrawal shall not be permitted under this Section 5.11 to the extent
      that the hardship resulting from the Unforeseeable Emergency is, or may
      be, relieved:

              

      

       

      
        	
                (i)  

              	
                Through
      the reimbursement or compensation by insurance or
    otherwise;

              

      

       

      
        
           

        

        
          21

          
            

          

        

        
           

        

      

       

      
        	
                (ii)  

              	
                By
      the liquidation of the Participant’s assets, to the extent the liquidation
      of such assets would not itself cause severe financial hardship;
      or

              

      

       

      
        	
                (iii)  

              	
                By
      the cessation of deferrals under the
Plan.

              

      

       

      
        	
                (d)  

              	
                The
      amount of any Unforeseeable Emergency withdrawal shall be limited to that
      which the Plan Administration Committee determines is reasonably necessary
      to alleviate the hardship resulting from the occurrence of the
      Unforeseeable Emergency (which may include any amount necessary to pay any
      federal or state income taxes or penalties reasonably anticipated to
      result from the distribution).  The determination of the amount
      reasonably necessary to satisfy the emergency need must take into account
      any additional compensation that is available to the Participant upon
      cancellation of the Participant’s deferral election due to the
      Unforeseeable Emergency withdrawal that is effected pursuant to Section
      3.9(c).  However, such determination is not required to take
      into account any additional Unforeseeable Emergency withdrawal that is
      available under another nonqualified deferred compensation plan, but which
      has not actually been paid from that other
plan.

              

      

       

      
        	
                (e)  

              	
                After
      reviewing each Unforeseeable Emergency withdrawal request, the Plan
      Administration Committee shall make a determination as to whether the
      circumstances satisfy the Unforeseeable Emergency standards prescribed
      above, and will thereupon notify the requesting Participant of the
      determination.  If the request is approved, the Plan
      Administration Committee shall process payment of the
      withdrawal

              

      

       

      
        	
                (f)  

              	
                The
      Plan Administration Committee may establish a policy and procedures
      regarding the order in which Unforeseeable Emergency withdrawals are to be
      charged against the particular DSU Accounts of a
    Participant.

              

      

       

      Section
5.12  Withholding
of Taxes. Notwithstanding any other provision of this Plan, an Employer
shall withhold from payments made hereunder any amounts required to be so
withheld by any applicable law or regulation.

       

      Section
5.13  USERRA
Rights.  Notwithstanding any provision of this Article V to the
contrary, the Plan shall permit a Participant to elect a change in the time or
the form of payment as may be required to comply with the Uniformed Services
Employment and Reemployment Rights Act (USERRA).

       

      
        
           

        

        
          22

          
            

          

        

        
           

        

      

      ARTICLE
VI

       

      PLAN
TERMINATION PAYMENTS UPON QUALIFIED CHANGE IN CONTROL EVENT

       

       

      Section
6.1  Termination
of Plan Upon Change in Control.  Notwithstanding any provision
of the Plan to the contrary, upon the occurrence of a Qualified Change in
Control Event involving the Company or other Relevant Employer (as defined in
Section 6.6(a) below), the Board as constituted immediately prior to the
event may in its discretion terminate the Plan, or the portion of the Plan
pertaining to the Relevant Employer, and cause to be distributed to each
affected Participant the entire balance of all of the Participant’s DSU
Accounts.  The termination by such Board must occur within the
30 days preceding, or within the 12-month period following, the Qualified
Change in Control Event.  Such Plan termination distributions shall be
permitted only if:

       

      
        	
                (a)  

              	
                All
      substantially similar non-qualified deferred compensation programs
      maintained by the Company and all other Affiliated Companies are
      terminated upon such Qualified Change in Control Event;
  and

              

      

       

      
        	
                (b)  

              	
                All
      compensation deferred and held under each such deferred compensation
      program is distributed to Participants within 12 months of the date
      of termination of the applicable
program.

              

      

       

      Section
6.2  Qualified
Change in Control Event.  For purposes of this Article VI,
a “Qualified Change in Control Event” with respect to any Participant means any
of the following events:

       

      
        	
                (a)  

              	
                A
      Qualified change in the ownership of a corporation that is a Relevant
      Employer (as prescribed in
Section 6.3);

              

      

       

      
        	
                (b)  

              	
                A
      Qualified change in effective control of a corporation that is a Relevant
      Employer (as prescribed in Section 6.4);
  and

              

      

       

      
        	
                (c)  

              	
                A
      Qualified Change in the ownership of a substantial portion of the assets
      of a corporation that is a Relevant Employer (as prescribed in
      Section 6.5).

              

      

       

      Section
6.3  Change
in the Ownership of a Corporation.

       

      
        	
                (a)  

              	
                For
      purposes of this Article VI, a change in the ownership of a
      corporation occurs on the date that any one person, or more than one
      person acting as a group, acquires ownership of stock of the corporation
      that, together with stock held by such person or group, constitutes more
      than 50 percent of the total fair market value or total voting power
      of the stock of such corporation.  If any one person, or more
      than one person acting as a group, is considered to own more than
      50 percent of the total fair market value or total voting power of
      the stock of a corporation, the acquisition of additional stock by the
      same person or persons is not considered to cause a change in the
      ownership of the corporation (or to cause a change in the effective
      control of the corporation within the meaning of Section 6.4
      below).

              

      

       

      
        
           

        

        
          23

          
            

          

        

        
           

        

      

       

      
        	
                (b)  

              	
                For
      purposes of this Section 6.3, an increase in the percentage of stock
      owned by any one person, or by persons acting as a group, as a result of a
      transaction in which the corporation acquires its stock in exchange for
      property will be treated as an acquisition of
  stock.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                In
      all regards, for purposes of this Section 6.3, a change in the
      ownership of a corporation will be deemed to have occurred only when there
      is a transfer of stock of a corporation (or issuance of stock of a
      corporation), and stock in such corporation remains outstanding after the
      transaction.

              

      

       

      Section
6.4  Change
in the Effective Control of a Corporation.

       

      
        	
                (a)  

              	
                For
      purposes of this Article VI, a change in the effective control of a
      corporation occurs on the date that
either:

              

      

       

      
        	
                (i)  

              	
                A
      majority of members of the Company’s Board is replaced during any 12-month
      period by directors whose appointment or election is not endorsed by a
      majority of the members of the Company’s Board prior to the date of the
      appointment or election; or

              

      

       

      
        	
                (ii)  

              	
                Any
      one person, or more than one person acting as a group acquires (or has
      acquired during the 12-month period ending on the date of the most recent
      acquisition by such person or persons) ownership of stock of the
      applicable corporation possessing 30 percent or more of the total
      voting power of the stock of such
corporation.

              

      

       

      
        	
                (b)  

              	
                A
      change in effective control of a corporation may also occur in any
      transaction in which either of the two corporations involved in the
      transaction incurs a change in control event described under
      Section 6.3 or 6.5.

              

      

      
         

        Section
6.5  Change
in the Ownership of Substantial Portion of Assets

      

       

      
        	
                (a)  

              	
                For
      purposes of this Article VI, a change in the ownership of a
      substantial portion of a corporation's assets occurs on the date that any
      one person, or more than one person acting as a group acquires (or has
      acquired during the 12-month period ending on the date of the most recent
      acquisition by such person or persons) assets from the corporation that
      have a total gross fair market value equal to or more than 40 percent
      of the total gross fair market value of all of the assets of the
      corporation immediately prior to such acquisition or acquisitions. For
      this purpose, gross fair market value means the value of the assets of the
      corporation, or the value of the assets being disposed of, determined
      without regard to any liabilities associated with such
    assets.

              

      

       

      
        	
                (b)  

              	
                A
      transfer of assets by a corporation shall not be treated as a change in
      the ownership of such assets, and such transfer shall thus not constitute
      a Qualified Change in Control Event, if the assets are transferred
      to:

              

      

       

      
        	
                (i)  

              	
                A
      shareholder of the corporation (immediately before the asset transfer) in
      exchange for or with respect to its
stock;

              

      

       

      
        
           

        

        
          24

          
            

          

        

        
           

        

      

       

      
        	
                (ii)  

              	
                An
      entity, 50 percent or more of the total value or voting power of
      which is owned, directly or indirectly, by the
  corporation;

              

      

       

      
        	
                (iii)  

              	
                A
      person, or more than one person acting as a group, that owns, directly or
      indirectly, 50 percent or more of the total value or voting power of
      all the outstanding stock of the corporation;
or

              

      

       

      
        	
                (iv)  

              	
                An
      entity, at least 50 percent of the total value or voting power of
      which is owned, directly or indirectly, by a person described in
      paragraph (iii).

              

      

       

      
        	
                (c)  

              	
                For
      purposes of subsection (b) above, a person's status is determined
      immediately after the transfer of the assets.  Thus, for
      example, a transfer to a corporation in which the transferor corporation
      has no ownership interest before the transaction, but which is a
      majority-owned subsidiary of the transferor corporation after the
      transaction is not treated as a change in the ownership of the assets of
      the transferor corporation.

              

      

       

      Section
6.6  Definitions
and Operating Rules.  The following definitions and operating
rules shall apply for purposes of this Article VI.

       

      
        	
                (i)  

              	
                Relevant
      Employer.  To constitute a Qualified Change in Control
      Event as to the particular Participant, the event must relate to one of
      the following corporate
  employers:

              

      

       

      
        	
                (i)  

              	
                The
      Company;

              

      

       

      
        	
                (ii)  

              	
                A
      subsidiary corporate Employer for whom the Participant is performing
      services at the time of the Qualified Change in Control Event;
      or

              

      

       

      
        	
                (iii)  

              	
                A
      subsidiary corporate Employer that is a majority shareholder of an
      Employer identified in paragraph (ii) above, or any corporate
      Employer in a chain of corporations in which each corporation is a
      majority shareholder of another corporation in the chain, ending in a
      corporation identified in paragraph (ii) above.  For
      purposes of this paragraph (iii), a majority shareholder of a
      corporate Employer is a shareholder owning more than 50% of the total fair
      market value and total voting power of such
  Employer.

              

      

       

      
        	
                (ii)  

              	
                Persons
      Acting as a Group.  Persons will not be considered to be
      acting as a group solely because they purchase or own stock of the same
      corporation at the same time, or as a result of the same public offering.
      However, persons will be considered to be acting as a group if they are
      owners of a corporation that enters into a merger, consolidation, purchase
      or acquisition of stock, or similar business transaction with the
      corporation. If a person, including an entity, owns stock in both
      corporations that enter into a merger, consolidation, purchase or
      acquisition of stock, or similar transaction, such shareholder is
      considered to be acting as a group with other shareholders in a
      corporation prior to the transaction giving rise to the change and not
      with respect to the ownership interest in the other
      corporation.

              

      

       

      
        	
                (iii)  

              	
                Ownership
      Attribution.  The ownership attribution rules of Code
      Section 318(a) shall apply to determine stock
      ownership.  Stock underlying a vested option is considered owned
      by the individual who holds the vested option (and the stock underlying an
      unvested option is

              

      

       

      
        
           

        

        
          25

          
            

          

        

        
           

        

      

      
         

        
          	
                    

                	
                  not considered owned by the individual who
      holds the unvested option).  For purposes of the preceding
      sentence, however, if a vested option is exercisable for stock that is not
      substantially vested (as defined in IRS Regulation § 1.83-3(b) and
      (j)), the stock underlying the option is not treated as owned by the
      individual who holds the
  option.

                

        

         

      

      Section
6.7  Special
Rule for Certain Delayed Payments.  Payment from a
Participant’s DSU Accounts that are calculated by reference to the value of
Company stock shall be treated as paid at a specified time or pursuant to a
fixed schedule in conformity with the requirements of the Plan if such amounts
are paid on the same schedule and under the same terms and conditions as
payments to shareholders generally pursuant to a Qualified Change in Control
Event described in Section 6.3 above (i.e., a change in the ownership of a
corporation) or as payments to the Participant pursuant to a Qualified Change in
Control Event  described in Section 6.5 above (i.e., a change in the
ownership of a substantial portion of a corporation’s assets).  Any
amounts paid pursuant to such a schedule and such terms and conditions will not
be treated as violating the initial or subsequent deferral election rules, to
the extent that such amounts are paid not later than five years after the
Qualified Change in Control Event.

       

      
        
           

        

        
          26

          
            

          

        

        
           

        

      

      ARTICLE
VII

       

      BENEFICIARY
DESIGNATION

       

       

      Section
7.1  Beneficiary
Designation. Each Participant shall have the right, at any time, to
designate any person, persons or entity as his Beneficiary or Beneficiaries. A
Beneficiary designation shall be made, and may be amended, by the Participant by
filing a written designation with the Plan Administration Committee, on such
form and in accordance with such procedures as the Plan Administration Committee
shall establish from time to time.

       

      Section
7.2  No
Beneficiary Designation. If a Participant fails to designate a
Beneficiary as provided above, or if all designated Beneficiaries predecease the
Participant, then the Participant’s Beneficiary shall be the Participant’s
estate.

       

      
        
           

        

        
          27

          
            

          

        

        
           

        

      

      ARTICLE
VIII

       

      ADMINISTRATION
OF PLAN

       

       

       

       

      Section
8.1  Named
Fiduciaries.  The persons identified in this Section 8.1
are named as fiduciaries under this Plan and shall be the only named fiduciaries
with respect to the Plan.

       

      
        	
                (a)  

              	
                The
      Company, as Plan sponsor, shall be responsible for all fiduciary functions
      under the Plan except insofar as any such authority or responsibility is
      assigned by or pursuant to the Plan to another named fiduciary, or is
      delegated to another fiduciary pursuant to subsection (b)
      below.  In that regard, the Company shall be the “Administrator”
      of the Plan within the meaning of ERISA.  The authority and
      responsibility reserved or assigned to the Company shall be exercised by
      its Compensation Committee or other authorized officers, and shall include
      the authority and responsibility in regard to the
    following:

              

      

       

      
        	
                (i)  

              	
                The
      design of the Plan, including the right to amend and to terminate the
      Plan;

              

      

       

      
        	
                (ii)  

              	
                Establishing
      the criteria for Employees who are to be designated as Eligible Executives
      for any Plan Year; and

              

      

       

      
        	
                (iii)  

              	
                Considering
      and reviewing all appeals of claims which have been
  denied.

              

      

       

      
        	
                (b)  

              	
                The
      Compensation Committee may delegate to a committee or to any officer of
      the Company or any Affiliated Company any authority or responsibility
      reserved or assigned to the Company pursuant to the Plan.  In
      the event of any such delegation, then any references to the authority,
      right or power of the Company to act which are contained in any notice,
      disclosure or communication made with a view toward effectuating the
      purposes of the Plan shall be construed to include authority for such
      actions by the committee or officer to whom the Compensation Committee has
      delegated its authority.  Notwithstanding any other provision of
      the Plan, in the event that an action or direction of any person to whom
      authority reposed with the Company under the Plan has been delegated by
      the Compensation Committee conflicts with an action or direction of the
      Board of Directors, then the authority of the Compensation Committee shall
      supersede that of the delegate with respect to such action or
      direction.

              

      

       

      
        	
                (c)  

              	
                A
      Plan Administration Committee shall have the responsibility and authority
      to control the operation and administration of the Plan in accordance with
      the terms of the Plan.

              

      

       

      
        	
                (i)  

              	
                The
      members of the Plan Administration Committee shall be the individuals
      serving in the roles of, respectively, the Senior Vice President of Human
      Resources and the Vice President, Compensation and Benefits for the
      Employers, and such other individuals who are appointed to the Plan
      Administration Committee by such Senior Vice President of Human Resources
      (or, in the event of a vacancy in such position, by the Vice President,
      Compensation and Benefits).

              

      

       

       

      
        
           

        

        
          28

          
            

          

        

        
           

        

      

       

      
        	
                (ii)  

              	
                The
      Plan Administration Committee may designate one of its members as a
      chairperson, and may retain and supervise outside providers, third party
      administrators, record keepers and professionals (including in-house
      professionals) to perform any or all of the duties delegated to it
      hereunder.

              

      

       

      
        	
                (d)  

              	
                The
      Plan Administration Committee shall be responsible for the administration
      of this Plan and shall have all powers necessary to administer this Plan,
      including discretionary authority to determine eligibility for benefits
      and to decide claims under the terms of this Plan, except to the extent
      that any such powers are vested in any other person administering this
      Plan by the Compensation Committee. The Plan Administration Committee may
      from time to time establish rules for the administration of this Plan, and
      it shall have the exclusive right to interpret this Plan and to decide any
      matters arising in connection with the administration and operation of
      this Plan. All rules, interpretations and decisions of the Plan
      Administration Committee shall be conclusive and binding on the Company,
      the Employers, Participants and
Beneficiaries.

              

      

       

      
        	
                (e)  

              	
                The
      Plan Administration Committee is expressly reposed with the discretionary
      authority and powers in regard to all facets of any claims for benefits
      made under the Plan.  In turn, the Compensation Committee is
      expressly reposed with the discretionary authority and powers in regard to
      all facets of the review of a denied claim for benefits.  Such
      authority and powers include, but are not limited to, the
      following:

              

      

       

      
        	
                (i)  

              	
                Construing
      and interpreting the terms of the Plan and of any documents pertaining to
      the Plan;

              

      

       

      
        	
                (ii)  

              	
                Construing
      and interpreting all laws and regulations as applicable to any claims for
      benefits made under the Plan;

              

      

       

      
        	
                (iii)  

              	
                Making
      any factual determinations, and applying such determinations to the terms
      of the Plan and issues arising under the Plan;
  and

              

      

       

      
        	
                (iv)  

              	
                Otherwise
      deciding all questions regarding an individual’s benefit entitlements
      under the Plan, and the manner and timing of any payments to be made to or
      with respect to any individual under the
Plan.

              

      

       

      
        	
                (f)  

              	
                No
      member of the Board, Compensation Committee or Plan Administration
      Committee shall be liable for any act or action hereunder, whether of
      omission or commission, by any other member or Employee or by any agent to
      whom duties in connection with the administration of this Plan have been
      delegated or for anything done or omitted to be done in connection with
      this Plan.

              

      

       

      
        	
                (g)  

              	
                The
      Company shall, to the fullest extent permitted by law, indemnify each
      director, officer or Employee of the Company or any Affiliated Company
      (including the heirs, executors, administrators and other personal
      representatives of such person), each member of the Compensation Committee
      and Plan Administration Committee against expenses (including attorneys’
      fees), judgments, fines, amounts paid in settlement, actually and
      reasonably incurred by such person in connection with any threatened,
      pending or actual suit, action or proceeding (whether civil, criminal,
      administrative or investigative in nature or
  otherwise)

              

      

       

      
        
           

        

        
          29

          
            

          

        

        
           

        

      

       

      
        
          	
                   

                	
                  in
      which such person may be involved by reason of the fact that he or she is
      or was serving this Plan in any capacity at the request of the Company or
      any other Affiliated Company, the Compensation Committee or the Plan
      Administration Committee.

                

        

         

      

      
        	
                (h)  

              	
                Any
      expense incurred by the Company, an Employer, the Compensation Committee
      or the Plan Administration Committee relative to the administration of
      this Plan shall be paid by the Company or other Affiliated Company and/or
      may be deducted from the DSU Accounts of the Participants as determined by
      the Compensation Committee.

              

      

       

      
        	
                (i)  

              	
                Any
      member of the Compensation Committee or the Plan Administration Committee
      may also be a Participant, but no committee member shall have power to
      take part in any discretionary decision or action affecting his own
      interest as a Participant under this Plan unless such decision or action
      is upon a matter which affects all other Participants similarly situated
      and confers no special right, benefit or privilege not simultaneously
      conferred upon all other such
Participants.

              

      

       

      Section
8.2  Claim
Procedure.

       

      
        	
                (a)  

              	
                If
      a Participant or Beneficiary makes a written request alleging a right to
      receive payments under this Plan or alleging a right to receive an
      adjustment in benefits being paid under this Plan, such actions shall be
      treated as a claim for benefits. All claims for benefits under this Plan
      shall be sent to the Plan Administration
  Committee.

              

      

       

      
        	
                (b)  

              	
                If
      the Plan Administration Committee determines that any individual who has
      claimed a right to receive benefits, or different benefits, under this
      Plan is not entitled to receive all or any part of the benefits claimed,
      the Plan Administration Committee shall inform the claimant in writing of
      such determination and the reasons thereof in terms calculated to be
      understood by the claimant. The notice shall be sent within 90 days
      of the claim unless the Plan Administration Committee determines that
      additional time, not exceeding 90 days, is needed and so notifies the
      Participant. The notice shall make specific reference to the pertinent
      Plan provisions on which the denial is based, and shall describe any
      additional material or information that is necessary. Such notice shall,
      in addition, inform the claimant of the procedure that the claimant should
      follow to take advantage of the review procedures set forth below in the
      event the claimant desires to contest the denial of the claim, and the
      right of the claimant to bring a civil action under ERISA if the claim is
      denied upon further review.  Upon request, and free of charge,
      the claimant will be provided with reasonable access to, and copies of,
      all documents, records and other information relevant to the claim for
      benefits.

              

      

       

      
        	
                (c)  

              	
                The
      claimant may within 90 days thereafter submit in writing to the Plan
      Administration Committee a notice that the claimant contests the denial of
      his or her claim and desires a further review of the denied
      claim.  The request for review will be directed to the
      Compensation Committee, which will review the claim and authorize the
      claimant to review pertinent documents and submit issues and comments
      relating to the claim. The Compensation Committee will render a final
      decision with specific reasons thereof in writing and will transmit it to
      the claimant within 60 days of the written request for review, unless
      the Compensation Committee determines that additional time, not exceeding
      

              

      

       

      
        
           

        

        
          30

          
            

          

        

        
           

        

      

       

      
        
          	
                   

                	
                  60 days,
      is needed, and so notifies the Participant.  If the claim is to
      be denied in whole or in part upon review, the written notice to the
      claimant will include the
following:

                

        

         

      

      
        	
                (i)  

              	
                The
      specific reason or reasons for the
denial;

              

      

       

      
        	
                (ii)  

              	
                Reference
      to the specific Plan provisions upon which the denial is
      based;

              

      

       

      
        	
                (iii)  

              	
                A
      statement that the claimant is entitled to receive, upon request, and free
      of charge, reasonable access to, and copies of, all documents, records and
      other information relevant to the claim appeal;
  and

              

      

       

      
        	
                (iv)  

              	
                A
      statement of the claimant’s right to file a civil lawsuit under
      ERISA.

              

      

       

      
        	
                (d)  

              	
                Notwithstanding
      subsection (c) above, if the Compensation Committee holds regularly
      scheduled meetings at least quarterly, the Compensation Committee shall
      make a claim review determination no later than the date of the meeting of
      the committee that immediately follows the Plan’s receipt of a request for
      review, unless the request for review is filed within 30 days
      preceding the date of such meeting.  In such case, a claim
      review determination may be made by no later than the date of the second
      meeting following the Plan’s receipt of the request for
      review.  If special circumstances (such as the need to hold
      hearing) require a further extension of time for processing, a
      determination shall be rendered not later than the third meeting of the
      committee following the Plan’s receipt of the request for
      review.  If such an extension of time for review is required
      because of special circumstances, the claimant shall be provided with
      written notice of the extension, describing the special circumstances and
      the date as of which the claim review determination will be made, prior to
      the commencement of the extension.  The claimant shall be
      notified of the claim review determination as soon as possible, but not
      later than five days after the determination is
  made.

              

      

       

      
        
           

        

        
          31

          
            

          

        

        
           

        

      

      ARTICLE
IX

       

      AMENDMENT
AND TERMINATION OF PLAN

       

       

      Section
9.1  Amendment.
The Board or the Compensation Committee may at any time amend this Plan in whole
or in part, provided, however, that no amendment shall be effective to decrease
the balance in, or otherwise alter the election made with respect to, any DSU
Account as accrued at the time of such amendment, nor shall any amendment
otherwise have a retroactive effect.  In addition, any amendment that
has the effect of changing the time or form of payment under the Plan with
respect to any Participant shall be subject to the provisions of Sections 5.7
and 5.8 (regarding the prohibition against the acceleration of payments and the
restrictions on changes in the time or form of payments).

       

      Section
9.2  Company’s
Right to Terminate.  The Board or the Compensation Committee
may at any time terminate the Plan with respect to future Deferral Election
Agreements.  However, the Plan cannot otherwise be terminated, and DSU
Accounts thereupon distributed, except as provided below.

       

      
        	
                (a)  

              	
                The
      Plan may be terminated and distributions thereupon made upon a Qualified
      Change in Control Event, as prescribed in
  Section 6.1.

              

      

       

      
        	
                (b)  

              	
                The
      Plan may be terminated and distributions thereupon made within
      12 months of the Company’s corporate dissolution taxed under Code
      Section 331, or with the approval of a bankruptcy court pursuant to
      11 USC § 503(b)(1)(A), provided that the amounts deferred
      under the Plan are distributed for inclusion in the gross income of the
      Participant in the latest of:

              

      

       

      
        	
                (i)  

              	
                The
      calendar year in which the Plan termination
  occurs;

              

      

       

      
        	
                (ii)  

              	
                The
      calendar year in which the deferred amount is no longer subject to a
      substantial risk of forfeiture; or

              

      

       

      
        	
                (iii)  

              	
                The
      first calendar year in which the termination distribution is
      administratively practicable.

              

      

       

      
        	
                (c)  

              	
                The
      Plan may be terminated and distributions thereupon made if the conditions
      prescribed below are satisfied.

              

      

       

      
        	
                (i)  

              	
                Each
      other “account balance” deferred compensation plan maintained by the
      Company and any other Affiliated Company that also covers any Participant
      in this Plan is concurrently
terminated;

              

      

       

      
        	
                (ii)  

              	
                No
      payments (other than payments that would be payable under the terms of the
      terminated programs if the terminations had not occurred) are made within
      12 months of the termination of the
  programs;

              

      

       

      
        	
                (iii)  

              	
                All
      payments are made within 24 months of the termination of the
      applicable programs; and

              

      

       

      
        
           

        

        
          32

          
            

          

        

        
           

        

      

       

      
        	
                (iv)  

              	
                During
      the three-year period following the termination of the Plan, neither the
      Company, nor any other Affiliated Company, adopts an account balance
      deferred compensation program covering any individual who was a
      Participant in the Plan upon its
termination.

              

      

       

      
        
           

        

        
          33

          
            

          

        

        
           

        

      

       

      ARTICLE
X

       

       

      MISCELLANEOUS

       

       

      Section
10.1  Unfunded
Plan. This Plan is intended to be an unfunded plan.  All
payments pursuant to the Plan shall be made from the general funds of the
Employers and no special or separate fund shall be established or other
segregation of assets made to assure payment. No Participant or other person
shall have under any circumstances any interest in any particular property or
assets of the Employers as a result of participating in the Plan.
Notwithstanding the foregoing, the Employers may (but shall not be obligated to)
create one or more grantor trusts, the assets of which are subject to the claims
of the Employers’ creditors, to assist it in accumulating funds to pay its
obligations under the Plan.

       

      Section
10.2  Nonassignability.

       

      
        	
                (a)  

              	
                Except
      as specifically set forth in the Plan with respect to the designation of
      Beneficiaries, neither a Participant nor any other person shall have any
      right to commute, sell, assign, transfer, pledge, anticipate, mortgage or
      otherwise encumber, transfer, hypothecate or convey in advance of actual
      receipt the amounts, if any, payable hereunder, or any part thereof, which
      are, and all rights to which are, expressly declared to be unassignable
      and non-transferable. No part of the amounts payable shall, prior to
      actual payment, be subject to seizure or sequestration for the payment of
      any debts, judgments, alimony or separate maintenance owed by a
      Participant or any other person, nor be transferable by operation of law
      in the event of a Participant’s or any other person’s bankruptcy or
      insolvency.

              

      

       

      
        	
                (b)  

              	
                Notwithstanding
      the foregoing, the balance of a Participant’s DSU Accounts, or any portion
      thereof, shall be distributed in accordance with the terms of any domestic
      relations order which the Plan Administration Committee determines to be a
      qualified domestic relations order (QDRO) described in Section 414(p)
      of the Code.

              

      

       

      Section
10. 3  Validity
and Severability.  The invalidity or unenforceability of any
provision of this Plan shall not affect the validity or enforceability of any
other provision of this Plan, which shall remain in full force and effect, and
any prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.

       

      Section
10.4  Governing
Law. The validity, interpretation, construction and performance of this
Plan shall in all respects be governed by the laws of the State of Virginia,
without reference to principles of conflict of law, except to the extent
preempted by federal law.

       

      Section
10.5  Employment
Status. This Plan does not constitute a contract of employment or impose
on the Participant or any Employer any obligation for the Participant to remain
an Employee of the Employer or change the status of the Participant’s employment
or the policies of the Employer and its affiliates regarding termination of
employment.  The establishment or existence of the Plan also does not
constitute a contract of employment and shall not confer upon any individual the
right to be continued as a Director.

       

      
        
           

        

        
          34

          
            

          

        

        
           

        

      

       

      Section
10.6  No
Stockholder Rights Conferred.  Nothing contained in the Plan
will confer upon any Participant or Beneficiary any rights of a stockholder of
the Company, unless and until Shares are in fact issued or transferred to such
Participant or Beneficiary in accordance with Article V.

       

      Section
10.7  Underlying
Incentive Plans and Programs. Nothing in this Plan shall prevent the
Company or other Employer from modifying, amending or terminating the
compensation or the incentive plans and programs pursuant to which cash awards
are earned and which are deferred under this Plan.

       

      Section
10.8  Funding
and Financial Health Restrictions.  In no event shall any
amounts attributable to any DSU Account be held in an offshore trust within the
meaning of Code Section 409A(b)(1).  In addition, the assets of any
Affiliated Company shall not be restricted to the payment of benefits under the
Plan upon a change in the Affiliated Company’s financial health within the
meaning of Code Section 409A(b)(2).

       

       

      *           *           *

       

      Pursuant
to the authority granted by the Compensation Committee of the Board of Directors
of Advance Auto Parts, Inc. under its resolutions adopted on
November_______, 2007, the undersigned hereby executes this Advance Auto
Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and
Selected Executives on behalf of Advance Auto Parts, Inc.

       

       

       

      ADVANCE
AUTO PARTS, INC.

       

      By:                                                                         

      Its:                                                                         

      Dated:
November , 2007

      
        
           

        

        
          35

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