Document:

<PAGE>

                                                                    EXHIBIT 10.4

                            CLAY COUNTY SAVINGS BANK

                          EMPLOYEE STOCK OWNERSHIP PLAN

                       (adopted effective January 1, 2002)

<PAGE>

                            CLAY COUNTY SAVINGS BANK
                         EMPLOYEE STOCK OWNERSHIP PLAN

         This Employee Stock Ownership Plan, executed on the ________ day of
______________, 2002, by Clay County Savings Bank, a federally chartered stock
savings Bank (the "Bank"),

                          W I T N E S S E T H  T H A T

         WHEREAS, the board of directors of the Bank has resolved to adopt an
employee stock ownership plan for eligible employees of the Bank and
subsidiaries of the Bank, if any, in accordance with the terms and conditions
presented set forth herein;

         NOW, THEREFORE, the Bank hereby adopts the following Plan setting forth
the terms and conditions pertaining to contributions by the Employer and the
payment of benefits to Participants and Beneficiaries.

         IN WITNESS WHEREOF, the Bank has adopted this Plan and caused this
instrument to be executed by its duly authorized officers as of the above date.

ATTEST:

                                             By: ____________
------------------------------
Secretary                                                    President

<PAGE>

                                       C O N T E N T S

<TABLE>
<CAPTION>
                                                                                                           Page No.
                                                                                                           -------
<S>                                                                                                        <C>
Section 1.      Plan Identity .......................................................................            1
                -------------
        1.1     Name ................................................................................            1
                ----
        1.2     Purpose .............................................................................            1
                -------
        1.3     Effective Date ......................................................................            1
                --------------
        1.4     Fiscal Period .......................................................................            1
                -------------
        1.5     Single Plan for All Employers .......................................................            1
                -----------------------------
        1.6     Interpretation of Provisions ........................................................            1
                ----------------------------
Section 2.      Definitions .........................................................................            1
                -----------
Section 3.      Eligibility for Participation .......................................................            6
                -----------------------------
        3.1     Initial Eligibility .................................................................            6
                -------------------
        3.2     Definition of Eligibility Year ......................................................            7
                ------------------------------
        3.3     Terminated Employees ................................................................            7
                --------------------
        3.4     Certain Employees Ineligible ........................................................            7
                ----------------------------
        3.5     Participation and Reparticipation ...................................................            7
                ---------------------------------
        3.6     Omission of Eligible Employee .......................................................            7
                -----------------------------
Section 4.      Contributions and Credits ...........................................................            8
                -------------------------
        4.1     Discretionary Contributions .........................................................            8
                ---------------------------
        4.2     Contributions for Stock Obligations .................................................            8
                -----------------------------------
        4.3     Conditions as to Contributions ......................................................            8
                ------------------------------
        4.4     Rollover Contributions ..............................................................            9
                ----------------------
Section 5.      Limitations on Contributions and Allocations ........................................            9
                --------------------------------------------
        5.1     Limitation on Annual Additions ......................................................            9
                ------------------------------
        5.2     Effect of Limitations ...............................................................           10
                ---------------------
        5.3     Limitations as to Certain Participants ..............................................           11
                --------------------------------------
Section 6.      Trust Fund and Its Investment .......................................................           11
                -----------------------------
        6.1     Creation of Trust Fund ..............................................................           11
                ----------------------
        6.2     Stock Fund and Investment Fund ......................................................           12
                ------------------------------
        6.3     Acquisition of Stock ................................................................           12
                --------------------
        6.4     Participants' Option to Diversify ...................................................           13
                ---------------------------------
Section 7.      Voting Rights and Dividends on Stock ................................................           13
                ------------------------------------
        7.1     Voting and Tendering of Stock .......................................................           13
                -----------------------------
        7.2     Dividends on Stock ..................................................................           14
                ------------------
Section 8.      Adjustments to Accounts .............................................................           15
                -----------------------
        8.1     Adjustments for Transactions ........................................................           15
                ----------------------------
        8.2     Valuation of Investment Fund ........................................................           15
                ----------------------------
        8.3     Adjustments for Investment Experience ...............................................           15
                -------------------------------------
Section 9.      Vesting of Participants' Interests ..................................................           15
                ----------------------------------
        9.1     Deferred Vesting in Accounts ........................................................           15
                ----------------------------
        9.2     Computation of Vesting Years ........................................................           16
                ----------------------------
        9.3     Full Vesting Upon Certain Events ....................................................           16
                --------------------------------
        9.4     Full Vesting Upon Plan Termination ..................................................           17
                ----------------------------------
        9.5     Forfeiture, Repayment, and Restoral .................................................           17
                -----------------------------------
        9.6     Accounting for Forfeitures ..........................................................           18
                --------------------------
</TABLE>

                                      (i)

<PAGE>

<TABLE>
<S>                                                                                                             <C>
        9.7     Vesting and Nonforfeitability .......................................................           18
                -----------------------------
Section 10.     Payment of Benefits .................................................................           18
                -------------------
        10.1    Benefits for Participants ...........................................................           18
                -------------------------
        10.2    Time for Distribution ...............................................................           18
                ---------------------
        10.3    Marital Status ......................................................................           20
                --------------
        10.4    Delay in Benefit Determination ......................................................           20
                ------------------------------
        10.5    Accounting for Benefit Payments .....................................................           20
                -------------------------------
        10.6    Options to Receive and Sell Stock ...................................................           20
                ---------------------------------
        10.7    Restrictions on Disposition of Stock ................................................           21
                ------------------------------------
        10.8    Continuing Loan Provisions; Creations of Protections and Rights .....................           21
                ---------------------------------------------------------------
        10.9    Direct Rollover of Eligible Distribution ............................................           21
                ----------------------------------------
        10.10   Waiver of 30-Day Period After Notice of Distribution ................................           22
                ----------------------------------------------------
Section 11.     Rules Governing Benefit Claims and Review of Appeals ................................           22
                ----------------------------------------------------
        11.1    Claim for Benefits ..................................................................           22
                ------------------
        11.2    Notification by Committee ...........................................................           23
                -------------------------
        11.3    Claims Review Procedure .............................................................           23
                -----------------------
Section 12.     The Committee and its Functions .....................................................           23
                -------------------------------
        12.1    Authority of Committee ..............................................................           23
                ----------------------
        12.2    Identity of Committee ...............................................................           24
                ---------------------
        12.3    Duties of Committee .................................................................           24
                ---------------
        12.4    Valuation of Stock. .................................................................           24
                ------------------
        12.5    Compliance with ERISA ...............................................................           24
                ---------------------
        12.6    Action by Committee .................................................................           24
                -------------------
        12.7    Execution of Documents ..............................................................           25
                ----------------------
        12.8    Adoption of Rules ...................................................................           25
                -----------------
        12.9    Responsibilities to Participants ....................................................           25
                --------------------------------
        12.10   Alternative Payees in Event of Incapacity ...........................................           25
                -----------------------------------------
        12.11   Indemnification by Employers ........................................................           25
                ----------------------------
        12.12   Nonparticipation by Interested Member ...............................................           25
                -------------------------------------
Section 13.     Adoption, Amendment, or Termination of the Plan .....................................           25
                -----------------------------------------------
        13.1    Adoption of Plan by Other Employers .................................................           25
                -----------------------------------
        13.2    Plan Adoption Subject to Qualification ..............................................           26
                --------------------------------------
        13.3    Right to Amend or Terminate .........................................................           26
                ---------------------------
Section 14.     Miscellaneous Provisions ............................................................           26
                ------------------------
        14.1    Plan Creates No Employment Rights ...................................................           26
                ---------------------------------
        14.2    Nonassignability of Benefits ........................................................           26
                ----------------------------
        14.3    Limit of Employer Liability .........................................................           27
                ---------------------------
        14.4    Treatment of Expenses ...............................................................           27
                ---------------------
        14.5    Number and Gender ...................................................................           27
                -----------------
        14.6    Nondiversion of Assets ..............................................................           27
                ----------------------
        14.7    Separability of Provisions ..........................................................           27
                --------------------------
        14.8    Service of Process ..................................................................           27
                ------------------
        14.9    Governing State Law .................................................................           27
                -------------------
        14.10   Employer Contributions Conditioned on Deductibility .................................           27
                ---------------------------------------------------
        14.11   Unclaimed Accounts ..................................................................           27
                ------------------
        14.12   Qualified Domestic Relations Order ..................................................           28
                ----------------------------------
Section 15.     Top-Heavy Provisions ................................................................           28
                --------------------
</TABLE>

                                      (ii)

<PAGE>

<TABLE>
<S>                                                                                                             <C>
15.1    Top-Heavy Plan ..............................................................................           28
        --------------
15.2    Super Top-Heavy Plan ........................................................................           29
        --------------------
15.3    Definitions .................................................................................           29
        -----------
15.4    Top-Heavy Rules of Application ..............................................................           30
        ------------------------------
15.5    Minimum Contributions .......................................................................           31
        ---------------------
15.6    Minimum Vesting .............................................................................           34
        ---------------
15.7    Top-Heavy Provisions Control in Top-Heavy Plan ..............................................           32
        ----------------------------------------------
</TABLE>

                                     (iii)

<PAGE>

                            CLAY COUNTY SAVINGS BANK
                         EMPLOYEE STOCK OWNERSHIP PLAN

Section 1.  Plan Identity.

        1.1      Name.  The name of this Plan is "Clay County Savings Bank
Employee Stock Ownership Plan."

        1.2      Purpose. The purpose of this Plan is to describe the terms and
conditions under which contributions made pursuant to the Plan will be credited
and paid to the Participants and their Beneficiaries.

        1.3      Effective Date.  The Effective Date of this Plan is January 1,
2002.

        1.4      Fiscal Period. This Plan shall be operated on the basis of a
January 1 to December 31 fiscal year for the purpose of keeping the Plan's books
and records and distributing or filing any reports or returns required by law.

        1.5      Single Plan for All Employers. This Plan shall be treated as a
single plan with respect to all participating Employers for the purpose of
crediting contributions and forfeitures and distributing benefits, determining
whether there has been any termination of Service, and applying the limitations
set forth in Section 5.

        1.6      Interpretation of Provisions. The Employers intend this Plan
and the Trust to be a qualified stock bonus plan under Section 401(a) of the
Code and an employee stock ownership plan within the meaning of Section
407(d)(6) of ERISA and Section 4975(e)(7) of the Code. The Plan is intended to
have its assets invested primarily in qualifying employer securities of one or
more Employers within the meaning of Section 407(d)(3) of ERISA, and to satisfy
any requirement under ERISA or the Code applicable to such a plan.

        Accordingly, the Plan and Trust Agreement shall be interpreted and
applied in a manner consistent with this intent and shall be administered at all
times and in all respects in a nondiscriminatory manner.

Section 2.  Definitions.

        The following capitalized words and phrases shall have the meanings
specified when used in this Plan and in the Trust Agreement, unless the context
clearly indicates otherwise:

        "Account" means a Participant's interest in the assets accumulated
under this Plan as expressed in terms of a separate account balance which is
periodically adjusted to reflect his Employer's contributions, the Plan's
investment experience, and distributions and forfeitures.

        "Active Participant" means a Participant who has satisfied the
eligibility requirements under Section 3 and who has at least 1,000 Hours of
Service during the current Plan Year. However, a Participant shall not qualify
as an Active Participant unless (i) he is in active Service with an Employer as
of the last day of the Plan Year, or (ii) he is on a Recognized Absence as of
that date, or (iii) his Service terminated during the Plan Year by reason of
Disability, death, Early or Normal Retirement.

        "Bank" means Clay County Savings Bank and any entity which succeeds to
the business of Clay County Savings Bank and adopts this Plan as its own
pursuant to Section 13.1 of the Plan.

<PAGE>

         "Beneficiary" means the person or persons who are designated by a
Participant to receive benefits payable under the Plan on the Participant's
death. In the absence of any designation or if all the designated Beneficiaries
shall die before the Participant dies or shall die before all benefits have been
paid, the Participant's Beneficiary shall be his surviving Spouse, if any, or
his estate if he is not survived by a Spouse. The Committee may rely upon the
advice of the Participant's executor or administrator as to the identity of the
Participant's Spouse.

         "Break in Service" means the inability to do any substantial amount of
work of any sort because of a physical or mental condition which can be
medically determined and which can be expected to last more than a year. The
Committee may require a medical examination by a physician chosen by the
Committee. However, if the disabled individual is eligible for Social Security
disability benefits, he will automatically satisfy the requirements for
Disability under the Plan.

         "Code" means the Internal Revenue Code of 1986, as amended.

         "Committee" means the committee responsible for the administration of
this Plan in accordance with Section 12.

         "Company" means CCSB Financial Corp., the holding company of the Bank,
and any successor entity which succeeds to the business of the Company.

         "Disability" means the inability to do any substantial amount of work
of any sort because of a physical or mental condition which can be medically
determined and which can be expected to last more than a year. The Committee may
require a medical examination by a physician chosen by the Committee. However,
if the disabled individual is eligible for Social Security disability benefits,
he will automatically satisfy the requirements for Disability under the Plan.

         "Early Retirement" means retirement on or after a Participant's
attainment of age 55 and the completion of ten (10) years of employment with an
Employer.

         "Effective Date" means January 1, 2002.

         "Eligible Employee" means an Employee who is employed by the Employer
on a full-time basis or works at least 35 hours per week.

         "Employee" means any individual who is or has been employed or
self-employed by an Employer. "Employee" also means an individual employed by a
leasing organization who, pursuant to an agreement between an Employer and the
leasing organization, has performed services for the Employer and any related
persons (within the meaning of Section 414(n)(6) of the Code) on a substantially
full-time basis for more than one year, if such services are performed under the
primary direction or control of the Employer. However, such a "leased employee"
shall not be considered an Employee if (i) he participates in a money purchase
pension plan sponsored by the leasing organization which provides for immediate
participation, immediate full vesting, and an annual contribution of at least 10
percent of the Employee's 415 Compensation, and (ii) leased employees do not
constitute more than 20 percent of the Employer's total work force (including
leased employees, but excluding Highly Paid Employees and any other Employees
who have not performed services for the Employer on a substantially full-time
basis for at least one year).

                                      -2-

<PAGE>

         "Employer" means the Bank or any affiliate within the purview of
section 414(b), (c) or (m) and 415(h) of the Code, any other corporation,
partnership, or proprietorship which adopts this Plan with the Bank's consent
pursuant to Section 13.1, and any entity which succeeds to the business of any
Employer and adopts the Plan pursuant to Section 13.2.

         "Entry Date" means the Effective Date of the Plan and each January 1
and July 1 of each Plan Year after the Effective Date.

         "ERISA" means the Employee Retirement Income Security Act of 1974 (P.L.
93-406, as amended).

         "415 Compensation"

                (a)  shall mean wages, as defined in Code Section 3401(a) for
         purposes of income tax withholding at the source.

                (b)  Any elective deferral as defined in Code Section 402(g)(3)
         (any Employer contributions made on behalf of a Participant to the
         extent not includible in gross income and any Employer contributions to
         purchase an annuity contract under Code Section 403(b) under a salary
         reduction agreement) and any amount which is contributed or deferred by
         the Employer at the election of the Participant and which is not
         includible in gross income of the Participant by reason of Code Section
         125 (Cafeteria Plan), Code Section 457 or 132(f)(4) shall also be
         included in the definition of 415 Compensation.

                (c)  415 Compensation in excess of $200,000 (as indexed) shall
         be disregarded for all Participants. For purposes of this sub-section,
         the $200,000 limit shall be referred to as the "applicable limit" for
         the Plan Year in question. The $200,000 limit shall be adjusted for
         increases in the cost of living in accordance with Section
         401(a)(17)(B) of the Code, effective for the Plan Year which begins
         within the applicable calendar year. For purposes of the applicable
         limit, 415 Compensation shall be prorated over short Plan Years.

         "Highly Paid Employee" for any Plan Year means an Employee who, during
either that or the immediately preceding Plan Year was at any time a five
percent owner of the Employer (as defined in Code Section 416(i)(1)) or, during
the immediately preceding Plan Year, had 415 Compensation exceeding $85,000 and
was among the most highly compensated one-fifth of all Employees (the $85,000
amount is adjusted at the same time and in the same manner as under Code Section
415(d), provided, however, the base period is the calendar quarter ending
September 30, 1996). For these purposes, "the most highly compensated one-fifth
of all Employees" shall be determined by taking into account all individuals
working for all related Employer entities described in the definition of
"Service", but excluding any individual who has not completed six months of
Service, who normally works fewer than 17-1/2 hours per week or in fewer than
six months per year, who has not reached age 21, whose employment is covered by
a collective bargaining agreement, or who is a nonresident alien who receives no
earned income from United States sources. The applicable year for which a
determination is being made is called a "determination year" and the preceding
12-month period is called a look-back year.

         "Hours of Service" means hours to be credited to an Employee under the
following rules:

                                      -3-

<PAGE>

                  (a) Each hour for which an Employee  is paid or is entitled to
         be paid for  services to an Employer is an Hour of Service.

                  (b) Each hour for which an Employee is directly or indirectly
         paid or is entitled to be paid for a period of vacation, holidays,
         illness, disability, lay-off, jury duty, temporary military duty, or
         leave of absence is an Hour of Service. However, except as otherwise
         specifically provided, no more than 501 Hours of Service shall be
         credited for any single continuous period which an Employee performs no
         duties. No more than 501 Hours of Service will be credited under this
         paragraph for any single continuous period (whether or not such period
         occurs in a single computation period). Further, no Hours of Service
         shall be credited on account of payments made solely under a plan
         maintained to comply with worker's compensation, unemployment
         compensation, or disability insurance laws, or to reimburse an Employee
         for medical expenses.

                  (c) Each hour for which back pay (ignoring any mitigation of
         damages) is either awarded or agreed to by an Employer is an Hour of
         Service. However, no more than 501 Hours of Service shall be credited
         for any single continuous period during which an Employee would not
         have performed any duties. The same Hours of Service will not be
         credited both under paragraph (a) or (b) as the case may be, and under
         this paragraph (c). These hours will be credited to the employee for
         the computation period or periods to which the award or agreement
         pertains rather than the computation period in which the award
         agreement or payment is made.

                  (d) Hours of Service shall be credited in any one period only
         under one of the foregoing paragraphs (a), (b) and (c); an Employee may
         not get double credit for the same period.

                  (e) If an Employer finds it impractical to count the actual
         Hours of Service for any class or group of non-hourly Employees, each
         Employee in that class or group shall be credited with 45 Hours of
         Service for each weekly pay period in which he has at least one Hour of
         Service. However, an Employee shall be credited only for his normal
         working hours during a paid absence.

                  (f) Hours of Service to be credited on account of a payment to
         an Employee (including back pay) shall be recorded in the period of
         Service for which the payment was made. If the period overlaps two or
         more Plan Years, the Hours of Service credit shall be allocated in
         proportion to the respective portions of the period included in the
         several Plan Years. However, in the case of periods of 31 days or less,
         the Administrator may apply a uniform policy of crediting the Hours of
         Service to either the first Plan Year or the second.

                  (g) In all respects an Employee's Hours of Service shall be
         counted as required by Section 2530.200b-2(b) and (c) of the Department
         of Labor's regulations under Title I of ERISA.

         "Investment Fund" means that portion of the Trust Fund consisting of
assets other than Stock. Notwithstanding the above, assets from the Investment
Fund may be used to purchase Stock in the open market or otherwise, or used to
pay on the Stock Obligation, and shares so purchased will be allocated to a
Participant's Stock Fund.

         "Normal Retirement" means retirement on or after the Participant's
Normal Retirement Date.

                                      -4-

<PAGE>

         "Normal Retirement Date" means the date on which a Participant attains
age 65 and has completed five years of Service.

         "Participant" means any Eligible Employee who is an Active Participant
participating in the Plan, or Eligible Employee or former Employee who was
previously an Active Participant and still has a balance credited to his
Account.

         "Plan Year" means the twelve-month period commencing January 1 and
ending December 31, 2002 and each period of 12 consecutive months beginning on
January 1 of each succeeding year.

         "Recognized Absence" means a period for which --

                (a)  an Employer grants an Employee a leave of absence for a
         limited period, but only if an Employer grants such leave on a
         nondiscriminatory basis; or

                (b)  an Employee is temporarily laid off by an Employer because
         of a change in business conditions; or

                (c)  an Employee is on active  military duty, but only to the
         extent that his employment  rights are protected by the Military
         Selective Service Act of 1967 (38 U.S.C. Sec. 2021).

         "Service" means an Employee's period(s) of employment or
self-employment with an Employer, excluding for initial eligibility purposes any
period in which the individual was a nonresident alien and did not receive from
an Employer any earned income which constituted income from sources within the
United States. An Employee's Service shall include any Service which constitutes
Service with a predecessor Employer within the meaning of Section 414(a) of the
Code, provided, however, that Service with an acquired entity shall not be
considered Service under the Plan unless required by applicable law or agreed to
by the parties to such transaction. An Employee's Service shall also include any
Service with an entity which is not an Employer, but only either (i) for a
period after 1975 in which the other entity is a member of a controlled group of
corporations or is under common control with other trades and businesses within
the meaning of Section 414(b) or 414(c) of the Code, and a member of the
controlled group or one of the trades and businesses is an Employer, (ii) for a
period after 1979 in which the other entity is a member of an affiliated service
group within the meaning of Section 414(m) of the Code, and a member of the
affiliated service group is an Employer, or (iii) all Employers aggregated with
the Employer under Section 414(o) of the Code (but not until the Proposed
Regulations under Section 414(o) become effective). Notwithstanding any
provision of this Plan to the contrary, contributions, benefits and service
credit with respect to qualified military service will be provided in accordance
with Section 414(u) of the Code.

         "Spouse" means the individual, if any, to whom a Participant is
lawfully married on the date benefit payments to the Participant are to begin,
or on the date of the Participant's death, if earlier. A former Spouse shall be
treated as the Spouse or surviving Spouse to the extent provided under a
qualified domestic relations order as described in section 414(p) of the Code.

         "Stock" means shares of the Company's voting common stock or preferred
stock meeting the requirements of Section 409(e)(3) of the Code issued by an
Employer which is a member of the same controlled group of corporations within
the meaning of Code Section 414(b).

                                      -5-

<PAGE>

         "Stock Fund" means that portion of the Trust Fund consisting of Stock.

         "Stock Obligation" means an indebtedness arising from any extension of
credit to the Plan or the Trust which satisfies the requirements set forth in
Section 6.3 and which was obtained for any or all of the following purposes:

                (i)   to acquire qualifying Employer securities as defined in
                      Treasury Regulations (S)54.4975-12;

                (ii)  to repay such Stock Obligation; or

                (iii) to repay a prior exempt loan.

         "Trust" or "Trust Fund" means the trust fund created under this Plan.

         "Trust Agreement" means the agreement between the Bank and the Trustee
concerning the Trust Fund. If any assets of the Trust Fund are held in a
co-mingled trust fund with assets of other qualified retirement plans, "Trust
Agreement" shall be deemed to include the trust agreement governing that
co-mingled trust fund. With respect to the allocation of investment
responsibility for the assets of the Trust Fund, the provisions of Article II of
the Trust Agreement are incorporated herein by reference.

         "Trustee" means one or more corporate persons or individuals selected
from time to time by the Bank to serve as trustee or co-trustees of the Trust
Fund.

         "Unallocated Stock Fund" means that portion of the Stock Fund
consisting of the Plan's holding of Stock which have been acquired in exchange
for one or more Stock obligations and which have not yet been allocated to the
Participant's Accounts in accordance with Section 4.2.

         "Valuation Date" means the last day of the Plan Year and each other
date as of which the Committee shall determine the investment experience of the
Investment Fund and adjust the Participants' Accounts accordingly.

         "Valuation Period" means the period following a Valuation Date and
ending with the next Valuation Date.

         "Vesting Year" means a unit of Service credited to a Participant
pursuant to Section 9.2 for purposes of determining his vested interest in his
Account.

Section 3.      Eligibility for Participation.

        3.1     Initial Eligibility. An Eligible Employee shall enter the Plan
as of the Entry Date coincident with or next following the later of the
following dates:

                (a)  the last day of the Eligible Employee's first Eligibility
Year, and

                                      -6-

<PAGE>

                  (b)  the Eligible Employee's 18th birthday. However, if an
         Eligible Employee is not in active Service with an Employer on the date
         he would otherwise first enter the Plan, his entry shall be deferred
         until the next day he is in Service.

         3.2      Definition of Eligibility Year. An "Eligibility  Year" means
an applicable eligibility period (as defined below) in which the Eligible
Employee has completed 1,000 Hours of Service for the Employer. For this
purpose:

                  (a)  an Eligible Employee's first "eligibility period" is the
         12-consecutive month period beginning on the first day on which he has
         an Hour of Service, and

                  (b)  his subsequent eligibility periods will be 12-consecutive
         month periods beginning on each January 1 after that first day of
         Service.

         3.3      Terminated Employees. No Employee shall have any interest or
rights under this Plan if he is never in active Service with an Employer on or
after the Effective Date.

         3.4      Certain Employees Ineligible.

                  (a)  No Employee shall participate in the Plan while his
         Service is covered by a collective bargaining agreement between an
         Employer and the Employee's collective bargaining representative if (i)
         retirement benefits have been the subject of good faith bargaining
         between the Employer and the representative and (ii) the collective
         bargaining agreement does not provide for the Employee's participation
         in the Plan.

                  (b)  Leased Employees are not eligible to participate in the
         Plan.

                  (c)  An Eligible Employee may elect not to participate in the
         Plan, provided, however, such election is made solely to meet the
         requirements of Code Section 409(n). For an election to be effective
         for a particular Plan Year, the Eligible Employee or Participant must
         file the election in writing with the Plan Administrator no later than
         the last day of the Plan Year for which the election is to be
         effective. The Employer may not make a contribution under the Plan for
         the Eligible Employee or for the Participant for the Plan Year for
         which the election is effective, nor for any succeeding Plan Year,
         unless the Eligible Employee or Participant re-elects to participate in
         the Plan. The Eligible Employee or Participant may elect again not to
         participate, but not earlier than the first Plan Year following the
         Plan Year in which the re-election was first effective.

         3.5      Participation and Reparticipation. Subject to the satisfaction
of the foregoing requirements, an Eligible Employee shall participate in the
Plan during each period of his Service from the date on which he first becomes
eligible until his termination. For this purpose, an Eligible Employee who
returns before five (5) consecutive Breaks in Service who previously satisfied
the initial eligibility requirements or who returns after five (5) consecutive
one year Breaks in Service with a vested Account balance in the Plan shall
re-enter the Plan as of the date of his return to Service with an Employer.

         3.6      Omission of Eligible Employee. If, in any Plan Year, any
Eligible Employee who should be included as a Participant in the Plan is
erroneously omitted and discovery of such omission is not made until after a
contribution by his Employer for the year has been made, the Employer shall make
a subsequent

                                      -7-

<PAGE>

contribution with respect to the omitted Eligible Employee in the amount which
the said Employer would have contributed regardless of whether or not it is
deductible in whole or in part in any taxable year under applicable provisions
of the Code.

Section 4.        Contributions and Credits.

         4.1      Discretionary Contributions. The Employer shall from time to
time contribute, with respect to a Plan Year, such amounts as it may determine
from time to time. The Employer shall have no obligation to contribute any
amount under this Plan except as so determined in its sole discretion. The
Employer's contributions and available forfeitures for a Plan Year shall be
credited as of the last day of the year to the Accounts of the Active
Participants in proportion to their amounts of 415 Compensation earned during
that portion of the Plan Year that such persons are Participants in the Plan.

         4.2      Contributions for Stock Obligations. If the Trustee, upon
instructions from the Committee, incurs any Stock Obligation upon the purchase
of Stock, the Employer may contribute for each Plan Year an amount sufficient to
cover all payments of principal and interest as they come due under the terms of
the Stock Obligation. If there is more than one Stock Obligation, the Employer
shall designate the one to which any contribution is to be applied. Investment
earnings realized on Employer contributions and any dividends paid by the
Employer on Stock held in the Unallocated Stock Account, shall be applied to the
Stock Obligation related to that Stock, subject to Section 7.2.

         In each Plan Year in which Employer contributions, earnings on
contributions, or dividends on unallocated Stock are used as payments under a
Stock Obligation, a certain number of shares of the Stock acquired with that
Stock Obligation which is then held in the Unallocated Stock Fund shall be
released for allocation among the Participants. The number of shares released
shall bear the same ratio to the total number of those shares then held in the
Unallocated Stock Fund (prior to the release) as (i) the principal and interest
payments made on the Stock Obligation in the current Plan Year bears to (ii) the
sum of (i) above, and the remaining principal and interest payments required (or
projected to be required on the basis of the interest rate in effect at the end
of the Plan Year) to satisfy the Stock Obligation.

         At the direction of the Committee, the current and projected payments
of interest under a Stock Obligation may be ignored in calculating the number of
shares to be released in each year if (i) the Stock Obligation provides for
annual payments of principal and interest at a cumulative rate that is not less
rapid at any time than level annual payments of such amounts for 10 years, (ii)
the interest included in any payment is ignored only to the extent that it would
be determined to be interest under standard loan amortization tables, and (iii)
the term of the Stock Obligation, by reason of renewal, extension, or
refinancing, has not exceeded 10 years from the original acquisition of the
Stock.

         4.3      Conditions as to Contributions. Employers' contributions shall
in all events be subject to the limitations set forth in Section 5.
Contributions may be made in the form of cash, or securities and other property
to the extent permissible under ERISA, including Stock, and shall be held by the
Trustee in accordance with the Trust Agreement. In addition to the provisions of
Section 13.3 for the return of an Employer's contributions in connection with a
failure of the Plan to qualify initially under the Code, any amount contributed
by an Employer due to a good faith mistake of fact, or based upon a good faith
but erroneous determination of its deductibility under Section 404 of the Code,
shall be returned to the Employer within one year after the date on which the
contribution was originally made, or within one year after its nondeductibility
has been finally determined. However, the amount to be returned shall be reduced
to take

                                      -8-

<PAGE>
of any adverse investment experience within the Trust Fund in order that the
balance credited to each Participant's Account is not less that it would have
been if the contribution had never been made.

         4.4 Rollover Contributions. This Plan shall not accept a direct
rollover or rollover contribution of an "eligible rollover distribution" as such
term is defined in Section 10.9-1 of the Plan.

Section 5.   Limitations on Contributions and Allocations.

         5.1 Limitation on Annual Additions. Notwithstanding anything herein to
the contrary, allocation of Employer contributions for any Plan Year shall be
subject to the following:

             5.1-1 If allocation of Employer contributions in accordance with
         Section 4.1 will result in an allocation of more than one-third the
         total contributions for a Plan Year to the Accounts of Highly Paid
         Employees, then allocation of such amount shall be adjusted so that
         such excess will not occur.

             5.1-2 After adjustment, if any, required by the preceding
         paragraph, the annual additions during any Plan Year to any
         Participant's Account under this and any other defined contribution
         plans maintained by the Employer or an affiliate (within the purview of
         Section 414(b), (c) and (m) and Section 415(h) of the Code, which
         affiliate shall be deemed the Employer for this purpose) shall not
         exceed the lesser of $40,000 (or such other dollar amount which results
         from cost-of-living adjustments under Section 415(d) of the Code) (the
         "dollar limitation") or 100 percent of the Participant's 415
         Compensation for such limitation year (the "percentage limitation").
         The percentage limitation shall not apply to any contribution for
         medical benefits after separation from service (within the meaning of
         Section 401(h) or Section 419A(f)(2) of the Code) which is otherwise
         treated as an annual addition. In the event that annual additions
         exceed the aforesaid limitations, they shall be reduced in the
         following priority:

             (i)   Any excess amount at the end of the Plan Year that cannot be
         allocated to the Participant's Account shall be reallocated to the
         remaining Participants who are eligible for an allocation of Employer
         contributions for the Plan Year. The reallocation shall be made in
         accordance with Section 4.1 of the Plan as if the Participant whose
         Account otherwise would receive the excess amount is not eligible for
         an allocation of Employer contributions.

             (ii)  If the allocation or reallocation of the excess amounts
         causes the limitations of Code section 415 to be exceeded with respect
         to each Participant for the limitation year, then the excess amount
         will be held unallocated in a suspense account. The suspense account
         will be applied to reduce future Employer contributions for all
         remaining Participants in the next limitation year and each succeeding
         limitation year if necessary.

             (iii) If a suspense account is in existence at any time during a
         limitation year, it will not participate in any allocation of
         investment gains and losses. All amounts held in suspense accounts must
         be allocated to Participants' Accounts before any contributions may be
         made to the Plan for the limitation year.

             (iv)  If a suspense account exists at the time of Plan termination,
         amounts held in the suspense account that cannot be allocated shall
         revert to the Employer.

                                      -9-

<PAGE>

              5.1-3 For purposes of this Section 5.1, the "annual addition" to a
         Participant's Accounts means the sum of (i) Employer contributions,
         (ii) Employee contributions, if any, and (iii) forfeitures. Annual
         additions to a defined contribution plan also include amounts
         allocated, after March 31, 1984, to an individual medical account, as
         defined in Section 415(l)(2) of the Internal Revenue Code, which is
         part of a pension or annuity plan maintained by the Employer, amounts
         derived from contributions paid or accrued after December 31, 1985, in
         taxable years ending after such date, which are attributable to
         post-retirement medical benefits allocated to the separate account of a
         Key Employee under a welfare benefit fund, as defined in Section
         419A(d) of the Internal Revenue Code, maintained by the Employer. For
         these purposes, annual additions to a defined contribution plan shall
         not include the allocation of the excess amounts remaining in the
         Unallocated Stock Fund subsequent to a sale of stock from such fund in
         accordance with a transaction described in Section 8.1 of the Plan.

              5.1-4 Notwithstanding the foregoing, if no more than one-third of
         the Employer contributions to the Plan for a year which are deductible
         under Section 404(a)(9) of the Code are allocated to Highly Paid
         Employees (within the meaning of Section 414(q) of the Internal Revenue
         Code), the limitations imposed herein shall not apply to:

              (i)   forfeitures of Employer securities (within the meaning of
         Section 409 of the Code) under the Plan if such securities were
         acquired with the proceeds of a loan described in Section 404(a)(9)(A)
         of the Code), or

              (ii)  Employer contributions to the Plan which are deductible
         under Section 404(a)(9)(B) and charged against a Participant's Account.

              5.1-5 If the Employer contributes amounts, on behalf of Eligible
         Employees covered by this Plan, to other "defined contribution plans"
         as defined in Section 3(34) of ERISA, the limitation on annual
         additions provided in this Section shall be applied to annual additions
         in the aggregate to this Plan and to such other plans. Reduction of
         annual additions, where required, shall be accomplished first by
         reductions under such other plan pursuant to the directions of the
         named fiduciary for administration of such other plans or under
         priorities, if any, established under the terms of such other plans and
         then by allocating any remaining excess for this Plan in the manner and
         priority set out above with respect to this Plan.

              5.1-6 A limitation year shall mean each 12 consecutive month
         period beginning each January 1.

         5.2  Effect of Limitations. The Committee shall take whatever action
may be necessary from time to time to assure compliance with the limitations set
forth in Section 5.1. Specifically, the Committee shall see that each Employer
restrict its contributions for any Plan Year to an amount which, taking into
account the amount of available forfeitures, may be completely allocated to the
Participants consistent with those limitations. Where the limitations would
otherwise be exceeded by any Participant, further allocations to the Participant
shall be curtailed to the extent necessary to satisfy the limitations. Where an
excessive amount is contributed on account of a mistake as to one or more
Participants' compensation, or there is an amount of forfeitures which may not
be credited in the Plan Year in which it becomes available, the amount shall be
corrected in accordance with Section 5.1-2 of the Plan. If it is determined at
any time that the Committee and/or Trustee has erred in accepting and allocating
any contributions or forfeitures under this Plan, or in allocating net gain or
loss pursuant to Sections 8.2 and 8.3, then the Committee, in a uniform and

                                      -10-

<PAGE>
nondiscriminatory manner, shall determine the manner in which such error shall
be corrected and shall promptly advise the Trustee in writing of such error and
of the method for correcting such error. The Accounts of any or all Participants
may be revised, if necessary, in order to correct such error.

         5.3 Limitations as to Certain Participants. Aside from the limitations
set forth in Section 5.1, if the Plan acquires any Stock in a transaction as to
which a selling shareholder or the estate of a deceased shareholder is claiming
the benefit of Section 1042 of the Code, the Committee shall see that none of
such Stock, and no other assets in lieu of such Stock, are allocated to the
Accounts of certain Participants in order to comply with Section 409(n) of the
Code.

         This restriction shall apply at all times to a Participant who owns
(taking into account the attribution rules under Section 318(a) of the Code,
without regard to the exception for employee plan trusts in Section
318(a)(2)(B)(i) more than 25 percent of any class of stock of a corporation
which issued the Stock acquired by the Plan, or another corporation within the
same controlled group, as defined in Section 409(l)(4) of the Code (any such
class of stock hereafter called a "Related Class"). For this purpose, a
Participant who owns more than 25 percent of any Related Class at any time
within the one year preceding the Plan's purchase of the Stock shall be subject
to the restriction as to all allocations of the Stock, but any other Participant
shall be subject to the restriction only as to allocations which occur at a time
when he owns more than 25 percent of any Related Class.

         Further, this restriction shall apply to the selling shareholder
claiming the benefit of Section 1042 and any other Participant who is related to
such a shareholder within the meaning of Section 267(b) of the Code, during the
period beginning on the date of sale and ending on the later of (1) the date
that is ten years after the date of sale, or (2) the date of the Plan allocation
attributable to the final payment of acquisition indebtedness incurred in
connection with the sale.

         This restriction shall not apply to any Participant who is a lineal
descendant of a selling shareholder if the aggregate amounts allocated under the
Plan for the benefit of all such descendants do not exceed five percent of the
Stock acquired from the shareholder.

         5.4 Erroneous Allocations. No Participant shall be entitled to any
annual additions or other allocations to his Account in excess of those
permitted under Section 5. If it is determined at any time that the
administrator and/or Trustee have erred in accepting and allocating any
contributions or forfeitures under this Plan, or in allocating investment
adjustments, or in excluding or including any person as a Participant, then the
administrator, in a uniform and nondiscriminatory manner, shall determine the
manner in which such error shall be corrected and shall promptly advise the
Trustee in writing of such error and of the method for correcting such error.
The Accounts of any or all Participants may be revised, if necessary, in order
to correct such error.

         Section 6.  Trust Fund and Its Investment.

         6.1 Creation of Trust Fund. All amounts received under the Plan from
Employers and investments shall be held as the Trust Fund pursuant to the terms
of this Plan and of the Trust Agreement between the Bank and the Trustee. The
benefits described in this Plan shall be payable only from the assets of the
Trust Fund, and none of the Bank, any other Employer, its board of directors or
trustees, its stockholders, its officers, its employees, the Committee, and the
Trustee shall be liable for payment of any benefit under this Plan except from
the Trust Fund.

                                      -11-

<PAGE>

         6.2 Stock Fund and Investment Fund. The Trust Fund held by the Trustee
shall be divided into the Stock Fund, consisting entirely of Stock, and the
Investment Fund, consisting of all assets of the Trust other than Stock. The
Trustee shall have no investment responsibility for the Stock Fund, but shall
accept any Employer contributions made in the form of Stock, and shall acquire,
sell, exchange, distribute, and otherwise deal with and dispose of Stock in
accordance with the instructions of the Committee. The Trustee shall have full
responsibility for the investment of the Investment Fund, except to the extent
such responsibility may be delegated from time to time to one or more investment
managers pursuant to Section 2.3 of the Trust Agreement, or to the extent the
Committee directs the Trustee to purchase Stock with the assets in the
Investment Fund.

         6.3 Acquisition of Stock. From time to time the Committee may, in its
sole discretion, direct the Trustee to acquire Stock from the issuing Employer
or from shareholders, including shareholders who are or have been Employees,
Participants, or fiduciaries with respect to the Plan. The Trustee shall pay for
such Stock no more than its fair market value, which shall be determined
conclusively by the Committee pursuant to Section 12.4. The Committee may direct
the Trustee to finance the acquisition of Stock by incurring or assuming
indebtedness to the seller or another party which indebtedness shall be called a
"Stock Obligation." The term "Stock Obligation" shall refer to a loan made to
the Plan by a disqualified person within the meaning of Section 4975(e)(2) of
the Code, or a loan to the Plan which is guaranteed by a disqualified person. A
Stock Obligation includes a direct loan of cash, a purchase-money transaction,
and an assumption of an obligation of a tax-qualified employee stock ownership
plan under Section 4975(e)(7) of the Code ("ESOP"). For these purposes, the term
"guarantee" shall include an unsecured guarantee and the use of assets of a
disqualified person as collateral for a loan, even though the use of assets may
not be a guarantee under applicable state law. An amendment of a Stock
Obligation in order to qualify as an "exempt loan" is not a refinancing of the
Stock Obligation or the making of another Stock Obligation. The term "exempt
loan" refers to a loan that satisfies the provisions of this paragraph. A
"non-exempt loan" fails to satisfy this paragraph. Any Stock Obligation shall be
subject to the following conditions and limitations:

                  6.3-1 A Stock Obligation shall be for a specific term, shall
         not be payable on demand except in the event of default, and shall bear
         a reasonable rate of interest.

                  6.3-2 A Stock Obligation may, but need not, be secured by a
         collateral pledge of either the Stock acquired in exchange for the
         Stock Obligation, or the Stock previously pledged in connection with a
         prior Stock Obligation which is being repaid with the proceeds of the
         current Stock Obligation. No other assets of the Plan and Trust may be
         used as collateral for a Stock Obligation, and no creditor under a
         Stock Obligation shall have any right or recourse to any Plan and Trust
         assets other than Stock remaining subject to a collateral pledge.

                  6.3-3 Any pledge of Stock to secure a Stock Obligation must
         provide for the release of pledged Stock in connection with payments on
         the Stock obligations in the ratio prescribed in Section 4.2.

                  6.3-4 Repayments of principal and interest on any Stock
         Obligation shall be made by the Trustee only from Employer cash
         contributions designated for such payments, from earnings on such
         contributions, and from cash dividends received on Stock, in the last
         case, however, subject to the further requirements of Section 7.2.

                                      -12-

<PAGE>

                  6.3-5 In the event of default of a Stock Obligation, the value
         of Plan assets transferred in satisfaction of the Stock Obligation must
         not exceed the amount of the default. If the lender is a disqualified
         person within the meaning of Section 4975 of the Code, a Stock
         Obligation must provide for a transfer of Plan assets upon default only
         upon and to the extent of the failure of the Plan to meet the payment
         schedule of said Stock Obligation. For purposes of this paragraph, the
         making of a guarantee does not make a person a lender.

         6.4 Participants' Option to Diversify. The Committee shall provide for
a procedure under which each Participant may, during the qualified election
period, elect to "diversify" a portion of the Employer Stock allocated to his
Account, as provided in Section 401(a)(28)(B) of the Code. An election to
diversify must be made on the prescribed form and filed with the Committee
within the period specified herein. For each of the first five (5) Plan years in
the qualified election period, the Participant may elect to diversify an amount
which does not exceed 25% of the number of shares allocated to his Account since
the inception of the Plan, less all shares with respect to which an election
under this Section has already been made. For the last year of the qualified
election period, the Participant may elect to have up to 50 percent of the value
of his Account committed to other investments, less all shares with respect to
which an election under this Section has already been made. The term "qualified
election period" shall mean the six (6) Plan Year period beginning with the
first Plan Year in which a Participant has both attained age 55 and completed 10
years of participation in the Plan. A Participant's election to diversify his
Account may be made within each year of the qualified election period and shall
continue for the 90-day period immediately following the last day of each year
in the qualified election period. Once a Participant makes such election, the
Plan must complete diversification in accordance with such election within 90
days after the end of the period during which the election could be made for the
Plan Year. In the discretion of the Committee, the Plan may satisfy the
diversification requirement by any of the following methods:

             6.4-1 The Plan may distribute all or part of the amount subject to
         the diversification election.

             6.4-2 The Plan may offer the Participant at least three other
         distinct investment options, if available under the Plan. The other
         investment options shall satisfy the requirements of Regulations under
         Section 404(c) of the Employee Retirement Income Security Act of 1974,
         as amended ("ERISA").

             6.4-3 The Plan may transfer the portion of the Participant's
         Account subject to the diversification election to another qualified
         defined contribution plan of the Employer that offers at least three
         investment options satisfying the requirements of the Regulations under
         Section 404(c) of ERISA.

Section 7.   Voting Rights and Dividends on Stock.

         7.1 Voting and Tendering of Stock. The Trustee generally shall vote all
shares of Stock held under the Plan in accordance with the written instructions
of the Committee. However, if any Employer has registration-type class of
securities within the meaning of Section 409(e)(4) of the Code, or if a matter
submitted to the holders of the Stock involves a merger, consolidation,
recapitalization, reclassification, liquidation, dissolution, or sale of
substantially all assets of an entity, then (i) the shares of Stock which have
been allocated to Participants' Accounts shall be voted by the Trustee in
accordance with the Participants' written instructions, and (ii) the Trustee
shall vote any unallocated Stock and allocated Stock for which it has received
no voting instructions in the same proportions as it votes the allocated Stock
for which it has received

                                      -13-

<PAGE>
instructions from Participants; provided, however, that if an exempt loan, as
defined in Section 4975(d) of the Code, is outstanding and the Plan is in
default on such exempt loan, as default is defined in the loan documents, then
to the extent that such loan documents require the lender to exercise voting
rights with respect to the unallocated shares, the loan documents will prevail.
In the event no shares of Stock have been allocated to Participants' Accounts at
the time Stock is to be voted and any exempt loan which may be outstanding is
not in default, each Participant shall be deemed to have one share of Stock
allocated to his or her Account for the sole purpose of providing the Trustee
with voting instructions.

         Notwithstanding any provision hereunder to the contrary, all
unallocated shares of Stock must be voted by the Trustee in a manner determined
by the Trustee to be for the exclusive benefit of the Participants and
Beneficiaries. Whenever such voting rights are to be exercised, the Employers
shall provide the Trustee, in a timely manner, with the same notices and other
materials as are provided to other holders of the Stock, which the Trustee shall
distribute to the Participants. The Participants shall be provided with adequate
opportunity to deliver their instructions to the Trustee regarding the voting of
Stock allocated to their Accounts. The instructions of the Participants' with
respect to the voting of allocated shares hereunder shall be confidential.

             7.1-1 In the event of a tender offer, Stock shall be tendered by
         the Trustee in the same manner as set forth above with respect to the
         voting of Stock. Notwithstanding any provision hereunder to the
         contrary, Stock must be tendered by the Trustee in a manner determined
         by the Trustee to be for the exclusive benefit of the Participants and
         Beneficiaries.

         7.2 Dividends on Stock. Dividends on Stock which are received by the
Trustee in the form of additional Stock shall be retained in the Stock Fund, and
shall be allocated among the Participant's Accounts and the Unallocated Stock
Fund in accordance with their holdings of the Stock on which the dividends have
been paid. Dividends on Stock credited to Participants' Accounts which are
received by the Trustee in the form of cash shall, at the direction of the
Employer paying the dividends, either (i) be credited to the Accounts in
accordance with Section 8.3 and invested as part of the Investment Fund, (ii) be
distributed immediately to the Participants in proportion with the Participants'
Stock Fund Account balance (iii) be distributed to the Participants within 90
days of the close of the Plan Year in which paid in proportion with the
Participants' Stock Fund Account balance or (iv) be used to make payments on the
Stock Obligation. If dividends on Stock allocated to a Participant's Account are
used to repay the Stock Obligation, Stock with a fair market value equal to the
dividends so used must be allocated to such Participant's Account in lieu of the
dividends. Dividends on Stock held in the Unallocated Stock Fund which are
received by the Trustee in the form of cash shall be allocated to Participants'
Investment Fund Accounts (pro rata based on the Participant's Account balance in
relation to all Participants' Account balances) and shall be applied as soon as
practicable to payments of principal and interest under the Stock Obligation
incurred with the purchase of the Stock.

                                      -14-

<PAGE>
Section 8.   Adjustments to Accounts.

        8.1  Adjustments for Transactions. An Employer contribution pursuant to
Section 4.1 shall be credited to the Participants' Accounts as of the last day
of the Plan Year for which it is contributed, in accordance with Section 4.1.
Stock released from the Unallocated Stock Fund upon the Trust's repayment of a
Stock Obligation pursuant to Section 4.2 shall be credited to the Participants'
Accounts as of the last day of the Plan Year in which the repayment occurred,
pro rata based on the cash applied from such Participant's Account relative to
the cash applied from all Participants' Accounts. Any excess amounts remaining
in the suspense account following a sale of Stock from the Unallocated Stock
Fund to repay a Stock Obligation shall be allocated as of the last day of the
Plan Year in which the repayment occurred among the Participants' Accounts in
proportion to 415 Compensation. Any benefit which is paid to a Participant or
Beneficiary pursuant to Section 10 shall be charged to the Participant's Account
as of the first day of the Valuation Period in which it is paid. Any forfeiture
or restoral shall be charged or credited to the Participant's Account as of the
first day of the Valuation Period in which the forfeiture or restoral occurs
pursuant to Section 9.6.

        8.2  Valuation of Investment Fund. As of each Valuation Date, the
Trustee shall prepare a balance sheet of the Investment Fund, recording each
asset (including any contribution receivable from an Employer) and liability at
its fair market value. Any liability with respect to short positions or options
and any item of accrued income or expense and unrealized appreciation or
depreciation shall be included; provided, however, that such an item may be
estimated or excluded if it is not readily ascertainable unless estimating or
excluding it would result in a material distortion. The Committee shall then
determine the net gain or loss of the Investment Fund since the preceding
Valuation Date, which shall mean the entire income of the Investment Fund,
including realized and unrealized capital gains and losses, net of any expenses
to be charged to the general Investment Fund and excluding any contributions by
the Employer. The determination of gain or loss shall be consistent with the
balance sheets of the Investment Fund for the current and preceding Valuation
Dates.

        8.3  Adjustments for Investment Experience. Any net gain or loss of the
Investment Fund during a Valuation Period, as determined pursuant to Section
8.2, shall be allocated as of the last day of the Valuation Period among the
Participants' Accounts in proportion to the opening balance in each Account, as
adjusted for benefit payments and forfeitures during the Valuation Period,
without regard to whatever Stock may be credited to an Account. Any cash
dividends received on Stock credited to Participant's Accounts shall be
allocated as of the last day of the Valuation Period among the Participants'
Accounts based on the opening balance in each Participant's Stock Fund Account.

Section 9.   Vesting of Participants' Interests.

        9.1  Deferred Vesting in Accounts. A Participant's vested interest in
his Account shall be based on his Vesting Years in accordance with the following
table, subject to the balance of this Section 9:

                      Vesting                               Percentage of
                      Years ........                       Interest Vested
                      -----                                ---------------
                      Fewer than 5                                  0%
                      5 or more                                   100%

                                      -15-

<PAGE>

        9.2  Computation of Vesting Years. For purposes of this Plan, a "Vesting
Year" means generally a Plan Year in which an Eligible Employee has at least
1,000 Hours of Service, beginning with the first Plan Year in which the Eligible
Employee has completed an Hour of Service with the Employer, and including
Service with other Employers as provided in the definition of "Service."
Notwithstanding the above, an Eligible Employee who was employed with the Bank
in its pre-conversion mutual form (the "Mutual Bank") shall receive credit for
vesting purposes for each calendar year of continuous employment with the Mutual
Bank in which such Eligible Employee completed 1,000 Hours of Service (such
years shall also be referred to as "Vesting Years"). However, a Participant's
Vesting Years shall be computed subject to the following conditions and
qualifications:

             9.2-1 A Participant's Vesting Years shall not include any Service
        prior to the date on which an Eligible Employee attains age 18.

             9.2-2 A Participant's vested interest in his Account accumulated
        before five (5) consecutive Breaks in Service shall be determined
        without regard to any Service after such five consecutive Breaks in
        Service. Further, if a Participant has five (5) consecutive Breaks in
        Service before his interest in his Account has become vested to some
        extent, pre-Break years of Service shall not be required to be taken
        into account for purposes of determining his post-Break vested
        percentage.

             9.2-3 In the case of a Participant who has 5 or more consecutive
        1-year Breaks in Service, the Participant's pre-Break Service will count
        in vesting of the Employer-derived post-break accrued benefit only if
        either:

             (i)   such Participant has any nonforfeitable interest in the
        accrued benefit attributable to Employer contributions at the time of
        separation from Service, or

             (ii)  upon returning to Service the number of consecutive 1-year
        Breaks in Service is less than the number of years of Service.

             9.2-4 Notwithstanding any provision of the Plan to the contrary,
        effective January 1, 1998, calculation of service for determining
        Vesting Years with respect to qualified military service will be
        provided in accordance with Section 414(u) of the Code.

             9.2-5 If any amendment changes the vesting schedule, including an
        automatic change to or from a top-heavy vesting schedule, any
        Participant with three (3) or more Vesting Years may, by filing a
        written request with the Employer, elect to have his vested percentage
        computed under the vesting schedule in effect prior to the amendment.
        The election period must begin not later than the later of sixty (60)
        days after the amendment is adopted, the amendment becomes effective, or
        the Participant is issued written notice of the amendment by the
        Employer or the Committee.

        9.3  Full Vesting Upon Certain Events.

             9.3-1 Notwithstanding Section 9.1, a Participant's interest in his
        Account shall fully vest on the Participant's Normal Retirement Date.
        The Participant's interest shall also fully vest in the event that his
        Service is terminated by Early Retirement, Disability or by death.

                                      -16-

<PAGE>

              9.3-2 The Participant's interest in his Account shall also fully
        vest in the event of a "Change in Control" of the Bank, or the Company.
        For these purposes, "Change in Control" shall mean a change in control
        of a nature that: (i) would be required to be reported in response to
        Item 1(a) of the current report on Form 8-K, as in effect on the date
        hereof, pursuant to Section 13 or 15(d) of the Securities Exchange Act
        of 1934 (the "Exchange Act"); or (ii) results in a Change in Control of
        the Bank or the Company within the meaning of the Home Owners Loan Act,
        as amended ("HOLA"), and applicable rules and regulations promulgated
        thereunder, as in effect at the time of the Change in Control; or (iii)
        without limitation such a Change in Control shall be deemed to have
        occurred at such time as (a) any "person" (as the term is used in
        Sections 13(d) and 14(d) of the Exchange Act) is or becomes the
        "beneficial owner"(as defined in Rule 13d-3 under the Exchange Act),
        directly or indirectly, of securities of the Company representing 25% or
        more of the combined voting power of Company's outstanding securities
        except for any securities purchased by the Bank's employee stock
        ownership plan or trust; or (b) individuals who constitute the Board on
        the date hereof (the "Incumbent Board") cease for any reason to
        constitute at least a majority thereof, provided that any person
        becoming a director subsequent to the date hereof whose election was
        approved by a vote of at least three-quarters of the directors
        comprising the Incumbent Board, or whose nomination for election by the
        Company's stockholders was approved by the same Nominating Committee
        serving under an Incumbent Board, shall be, for purposes of this clause
        (b), considered as though he were a member of the Incumbent Board; or
        (c) a plan of reorganization, merger, consolidation, sale of all or
        substantially all the assets of the Bank or the Company or similar
        transaction in which the Bank or Company is not the surviving
        institution occurs; or (d) a proxy statement soliciting proxies from
        stockholders of the Company, by someone other than the current
        management of the Company, seeking stockholder approval of a plan of
        reorganization, merger or consolidation of the Company or similar
        transaction with one or more corporations as a result of which the
        outstanding shares of the class of securities then subject to the Plan
        are to be exchanged for or converted into cash or property or securities
        not issued by the Company; or (e) a tender offer is made for 25% or more
        of the voting securities of the Company and the shareholders owning
        beneficially or of record 25% or more of the outstanding securities of
        the Company have tendered or offered to sell their shares pursuant to
        such tender offer and such tendered shares have been accepted by the
        tender offeror.

              9.3-3 Upon a Change in Control described in 9.3-2, the Plan shall
        be terminated and the Plan Administrator shall direct the Trustee to
        sell a sufficient amount of Stock from the Unallocated Stock Fund to
        repay any outstanding Stock Obligation in full. The proceeds of such
        sale shall be used to repay such Stock Obligation. After repayment of
        the Stock Obligation, all remaining shares in the Unallocated Stock Fund
        (or the proceeds thereof, if applicable) shall be deemed to be earnings
        and shall be allocated in accordance with the requirements of Section
        8.1.

        9.4   Full Vesting Upon Plan Termination. Notwithstanding Section 9.1, a
Participant's interest in his Account shall fully vest upon termination of this
Plan or upon the permanent and complete discontinuance of contributions by his
Employer. In the event of a partial termination, the interest of each affected
Participant shall fully vest with respect to that part of the Plan which is
terminated.

        9.5   Forfeiture, Repayment, and Restoral. If a Participant's Service
terminates before his interest in his Account is fully vested, that portion
which has not vested shall be forfeited if he either (i) receives a distribution
of his entire vested interest pursuant to Section 10.1, or (ii) incurs a
one-year Break in Service. If a Participant's Service terminates prior to having
any portion of his Account become vested, such

                                      -17-

<PAGE>

Participant shall be deemed to have received a distribution of his vested
interest immediately upon his termination of Service.

        If a Participant who has suffered a forfeiture of the nonvested portion
of his Account returns to Service before he has five (5) consecutive Breaks in
Service, the nonvested portion shall be restored, provided that, if the
Participant had received a distribution of his vested Account balance, the
amount distributed shall be repaid prior to such restoral. The Participant may
repay such amount at any time within five years after he has returned to
Service. The amount repaid shall be credited to his Account at the time it is
repaid; an additional amount equal to that portion of his Account which was
previously forfeited shall be restored to his Account at the same time from
other Employees' forfeitures and, if such forfeitures are insufficient, from a
special contribution by his Employer for that year. If the Participant did not
receive a distribution of his vested Account balance, any forfeiture restored
shall include earnings that would have been credited to the Account but for the
forfeiture. A Participant who was deemed to have received a distribution of his
vested interest in the Plan shall have his Account restored as of the first day
on which he performs an Hour of Service after his return.

        9.6   Accounting for Forfeitures. If a portion of a Participant's
Account is forfeited, Stock allocated to said Participant's Account shall be
forfeited only after other assets are forfeited. If interests in more than one
class of Stock have been allocated to a Participant's Account, the Participant
must be treated as forfeiting the same proportion of each class of Stock. A
forfeiture shall be charged to the Participant's Account as of the first day of
the first Valuation Period in which the forfeiture becomes certain pursuant to
Section 9.5. Except as otherwise provided in that Section, a forfeiture shall be
added to the contributions of the terminated Participant's Employer which are to
be credited to other Participants pursuant to Section 4.1 as of the last day of
the Plan Year in which the forfeiture becomes certain.

        9.7   Vesting and Nonforfeitability. A Participant's interest in his
Account which has become vested shall be nonforfeitable for any reason.

Section 10.   Payment of Benefits.

        10.1  Benefits for Participants. For a Participant whose Service ends
for any reason, distribution will be made to or for the benefit of the
Participant or, in the case of the Participant's death, his Beneficiary, by
payment in a lump sum, in accordance with Section 10.2.

A deceased Participant's benefits shall be distributed to his Beneficiary in a
lump sum. Notwithstanding any provision to the contrary, if the value of a
Participant's vested Account balance at the time of any distribution, does not
equal or exceed $5,000, then such Participant's vested Account shall be
distributed in a lump sum within 60 days after the end of the Plan Year in which
employment terminates. If the value of a Participant's vested Account balance
is, or has ever been, in excess of $5,000, then his benefits shall not be paid
prior to the later of the time he has attained Normal Retirement or age 62
unless he elects an early payment date in a written election filed with the
Committee. A Participant may modify such an election at any time, provided any
new benefit payment date is at least 30 days after a modified election is
delivered to the Committee. Failure of a Participant to consent to a
distribution prior to the later of Normal Retirement or age 62 shall be deemed
to be an election to defer commencement of payment of any benefit under this
section.

        10.2 Time for Distribution.

                                      -18-

<PAGE>

                  10.2.1 If the Participant and, if applicable, with the consent
         of the Participant's spouse, elects the distribution of the
         Participant's Account balance in the Plan, distribution shall commence
         as soon as practicable following his termination of Service, but no
         later than one year after the close of the Plan Year:

                  (i)    in which the Participant separates from service by
         reason of attainment of Normal Retirement Age under the Plan,
         Disability, or death; or

                  (ii)   which is the fifth Plan Year following the year in
         which the Participant resigns or is dismissed, unless he is reemployed
         before such date.

                  10.2.2 Unless the Participant elects otherwise, the
         distribution of the balance of a Participant's Account shall commence
         not later than the 60th day after the latest of the close of the Plan
         Year in which -

                  (i)    the Participant attains the age of 65;

                  (ii)   occurs the tenth anniversary of the year in which the
         Participant commenced participation in the Plan; or

                  (iii)  the Participant terminates his Service with the
         Employer.

                  10.2.3 Notwithstanding anything to the contrary, (1) with
         respect to a 5-percent owner (as defined in Code Section 416),
         distribution of a Participant's Account shall commence (whether or not
         he remains in the employ of the Employer) not later than the April 1 of
         the calendar year next following the calendar year in which the
         Participant attains age 70 1/2, and (2) with respect to all other
         Participants, payment of a Participant's benefit will commence not
         later than April 1 of the calendar year following the calendar year in
         which the Participant attains age 70 1/2, or, if later, the year in
         which the Participant retires. A Participant's benefit from that
         portion of his Account committed to the Investment Fund shall be
         calculated on the basis of the most recent Valuation Date before the
         date of payment.

                  10.2.4 Distribution of a Participant's Account balance after
         his death shall comply with the following requirements:

                  (i)    If a Participant dies before his distributions have
         commenced, distribution of his Account to his Beneficiary shall
         commence not later than one year after the end of the Plan Year in
         which the Participant died; however, if the Participant's Beneficiary
         is his surviving Spouse, distributions may commence on the date on
         which the Participant would have attained age 70 1/2. In either case,
         distributions shall be completed within five years after they commence.

                  (ii)   If the Participant dies after distribution has
         commenced pursuant to Section 10.1.2 but before his entire interest in
         the Plan has been distributed to him, then the remaining portion of
         that interest shall, in accordance with Section 401(a)(9) of the Code,
         be distributed at least as rapidly as under the method of distribution
         being used under Section 10.1.2 at the date of his death.

                                      -19-

<PAGE>

                  (iii)  If a married Participant dies before his benefit
         payments begin, then unless he has specifically elected otherwise the
         Committee shall cause the balance in his Account to be paid to his
         Spouse. No election by a married Participant of a different Beneficiary
         shall be valid unless the election is accompanied by the Spouse's
         written consent, which (i) must acknowledge the effect of the election,
         (ii) must explicitly provide either that the designated Beneficiary may
         not subsequently be changed by the Participant without the Spouse's
         further consent, or that it may be changed without such consent, and
         (iii) must be witnessed by the Committee, its representative, or a
         notary public. (This requirement shall not apply if the Participant
         establishes to the Committee's satisfaction that the Spouse may not be
         located.)

         10.3     Marital Status. The Committee, the Plan, the Trustee, and the
Employers shall be fully protected and discharged from any liability to the
extent of any benefit payments made as a result of the Committee's good faith
and reasonable reliance upon information obtained from a Participant and his
Employer as to his marital status.

         10.4     Delay in Benefit Determination. If the Committee is unable to
determine the benefits payable to a Participant or Beneficiary on or before the
latest date prescribed for payment pursuant to Section 10.1 or 10.2, the
benefits shall in any event be paid within 60 days after they can first be
determined, with whatever makeup payments may be appropriate in view of the
delay.

         10.5     Accounting for Benefit Payments. Any benefit payment shall be
charged to the Participant's Account as of the first day of the Valuation Period
in which the payment is made.

         10.6     Options to Receive and Sell Stock. Unless ownership of
virtually all Stock is restricted to active Employees and qualified retirement
plans for the benefit of Employees pursuant to the certificates of incorporation
or by-laws of the Employers issuing Stock, a terminated Participant or the
Beneficiary of a deceased Participant may instruct the Committee to distribute
the Participant's entire vested interest in his Account in the form of Stock. In
that event, the Committee shall apply the Participant's vested interest in the
Investment Fund to purchase sufficient Stock from the Stock Fund or from any
owner of Stock to make the required distribution. In all other cases, the
Participant's vested interest in the Stock Fund shall be distributed in shares
of Stock, and his vested interest in the Investment Fund shall be distributed in
cash.

         Any Participant who receives Stock pursuant to Section 10.1, and any
person who has received Stock from the Plan or from such a Participant by reason
of the Participant's death or incompetency, by reason of divorce or separation
from the Participant, or by reason of a rollover contribution described in
Section 402(a)(5) of the Code, shall have the right to require the Employer
which issued the Stock to purchase the Stock for its current fair market value
(hereinafter referred to as the "put right"). The put right shall be exercisable
by written notice to the Committee during the first 60 days after the Stock is
distributed by the Plan, and, if not exercised in that period, during the first
60 days in the following Plan Year after the Committee has communicated to the
Participant its determination as to the Stock's current fair market value.
However, the put right shall not apply to the extent that the Stock, at the time
the put right would otherwise be exercisable, may be sold on an established
market in accordance with federal and state securities laws and regulations.
Similarly, the put option shall not apply with respect to the portion of a
Participant's Account which the Employee elected to have reinvested under Code
Section 401(a)(28)(B). If the put right is exercised, the Trustee may, if so
directed by the Committee in its sole discretion, assume the Employer's rights
and obligations with respect to purchasing the Stock. Notwithstanding anything
herein to the contrary, in the case

                                      -20-

<PAGE>

of a plan established by a bank (as defined in Code Section 581), the put option
shall not apply if prohibited by a federal or state law and Participants are
entitled to elect their benefits be distributed in cash.

         If a Participant elects to receive his distribution in the form of a
lump sum pursuant to Section 10.1.1 of the Plan, the Employer or the Trustee, as
the case may be, may elect to pay for the Stock in equal periodic installments,
not less frequently than annually, over a period not longer than five years from
the day after the put right is exercised, with adequate security and interest at
a reasonable rate on the unpaid balance, all such terms to be set forth in a
promissory note delivered to the seller with normal terms as to acceleration
upon any uncured default.

         If a Participant elects to receive his distribution in the form of an
installment payment pursuant to Section 10.1.2 of the Plan, the Employer or the
Trustee, as the case may be, shall pay for the Stock distributed in the
installment distribution over a period which shall not exceed 30 days after the
exercise of the put right.

         Nothing contained herein shall be deemed to obligate any Employer to
register any Stock under any federal or state securities law or to create or
maintain a public market to facilitate the transfer or disposition of any Stock.
The put right described herein may only be exercised by a person described in
the second preceding paragraph, and may not be transferred with any Stock to any
other person. As to all Stock purchased by the Plan in exchange for any Stock
Obligation, the put right shall be nonterminable. The put right for Stock
acquired through a Stock Obligation shall continue with respect to such Stock
after the Stock Obligation is repaid or the Plan ceases to be an employee stock
ownership plan.

         10.7     Restrictions on Disposition of Stock. Except in the case of
Stock which is traded on an established market, a Participant who receives Stock
pursuant to Section 10.1, and any person who has received Stock from the Plan or
from such a Participant by reason of the Participant's death or incompetency, by
reason of divorce or separation from the Participant, or by reason of a rollover
contribution described in Section 402(a)(5) of the Code, shall, prior to any
sale or other transfer of the Stock to any other person, first offer the Stock
to the issuing Employer and to the Plan at the greater of (i) its current fair
market value, or (ii) the purchase price offered in good faith by an independent
third party purchaser. This restriction shall apply to any transfer, whether
voluntary, involuntary, or by operation of law, and whether for consideration or
gratuitous. Either the Employer or the Trustee may accept the offer within 14
days after it is delivered. Any Stock distributed by the Plan shall bear a
conspicuous legend describing the right of first refusal under this Section
10.7, as well as any other restrictions upon the transfer of the Stock imposed
by federal and state securities laws and regulations.

         10.8     Continuing Loan Provisions; Creations of Protections and
Rights. Except as otherwise provided in Sections 10.6 and 10.7 and this Section,
no shares of Employer Stock held or distributed by the Trustee may be subject to
a put, call or other option, or buy-sell arrangement. The provisions of this
Section shall continue to be applicable to such Stock even if the Plan ceases to
be an employee stock ownership plan under Section 4975(e)(7) of the Code.

         10.9     Direct Rollover of Eligible Distribution. A Participant or
distributee may elect, at the time and in the manner prescribed by the Trustee
or the Committee, to have any portion of an eligible rollover distribution paid
directly to an eligible retirement plan specified by the Participant or
distributee in a direct rollover.

                                      -21-

<PAGE>

                  10.9-1 An "eligible rollover" is any distribution that does
        not include: any distribution that is one of a series of substantially
        equal periodic payments (not less frequently than annually) made for
        the life (or life expectancy) of the distributee or the joint lives (or
        joint life expectancies) of the Participant and the Participant's
        Beneficiary, or for a specified period of ten years or more; any
        distribution to the extent such distribution is required under Code
        Section 401(a)(9); any hardship distribution described in Section
        401(k)(2)(B)(i)(IV) of the Code; and the portion of any distribution
        that is not included in gross income (determined without regard to the
        exclusion for net unrealized appreciation with respect to employer
        securities). A portion of a distribution shall not fail to be an
        eligible rollover distribution merely because the portion consists of
        after-tax employee contributions which are not includible in gross
        income. However, such portion may be transferred only to an individual
        retirement account or annuity described in section 408(a) or (b) of the
        Code, or to a qualified defined contribution plan described in section
        401(a) or 403(a) of the Code that agrees to separately accounting for
        the portion of such distribution which is includible in gross income
        and the portion of such distribution which is not so includible.

                  10.9-2 An "eligible retirement plan" is an individual
        retirement account described in Code Section 408(a), an individual
        retirement annuity described in Code Section 408(b), an annuity plan
        described in Code Section 403(a), or a qualified trust described in
        Code Section 401(a), that accepts the distributee's eligible rollover
        distribution. In the case of distributions after December 31, 2001, an
        eligible retirement plan shall also include an annuity contract
        described in Section 403(b) of the Code and an eligible plan under
        Section 457(b) of the Code which is maintained by a state, or any
        agency or instrumentality of a state or political subdivision of a
        state and which agrees to separately account for amounts transferred
        into such plan from this Plan. In the case of an eligible rollover
        distribution to a surviving Spouse, an eligible retirement plan is an
        individual retirement account or individual retirement annuity.

                 10.9-3 A "direct rollover" is a payment by the Plan to the
        eligible retirement plan specified by the distributee.

                 10.9-4 The term "distributee" shall refer to a deceased
        Participant's Spouse or a Participant's former Spouse who is the
        alternate payee under a qualified domestic relations order, as defined
        in Code Section 414(p).

        10.10     Waiver of 30-Day Period After Notice of Distribution. If a
distribution is one to which Sections 401(a)(11) and 417 of the Code do not
apply, such distribution may commence less than 30 days after the notice
required under Section 1.411(a)-11(c) of the Income Tax Regulations is given,
provided that:

                  (i)    the Trustee or Committee, as applicable, clearly
        informs the Participant that the Participant has a right to a period of
        at least 30 days after receiving the notice to consider the decision of
        whether or not to elect a distribution (and, if applicable, a
        particular option), and

                  (ii)   the Participant, after receiving the notice,
        affirmatively elects a  distribution.

Section 11.       Rules Governing Benefit Claims and Review of Appeals.

        11.1      Claim for Benefits. Any Participant or Beneficiary who
qualifies for the payment of benefits shall file a claim for his benefits with
the Committee on a form provided by the Committee. The claim,

                                      -22-

<PAGE>

including any election of an alternative benefit form, shall be filed at least
30 days before the date on which the benefits are to begin. If a Participant or
Beneficiary fails to file a claim by the day before the date on which benefits
become payable, he shall be presumed to have filed a claim for payment for the
Participant's benefits in the standard form prescribed by Sections 10.1 or 10.2.

        11.2  Notification by Committee. Within 90 days after receiving a claim
for benefits (or within 180 days, if special circumstances require an extension
of time and written notice of the extension is given to the Participant or
Beneficiary within 90 days after receiving the claim for benefits), the
Committee shall notify the Participant or Beneficiary whether the claim has been
approved or denied. If the Committee denies a claim in any respect, the
Committee shall set forth in a written notice to the Participant or Beneficiary:

              (i)   each specific reason for the denial;

              (ii)  specific references to the pertinent Plan provisions on
         which the denial is based;

              (iii) a description of any additional material or information
         which could be submitted by the Participant or Beneficiary to support
         his claim, with an explanation of the relevance of such information;
         and

              (iv)  an explanation of the claims review procedures set forth in
         Section 11.3.

        11.3  Claims Review Procedure. Within 60 days after a Participant or
Beneficiary receives notice from the Committee that his claim for benefits has
been denied in any respect, he may file with the Committee a written notice of
appeal setting forth his reasons for disputing the Committee's determination. In
connection with his appeal the Participant or Beneficiary or his representative
may inspect or purchase copies of pertinent documents and records to the extent
not inconsistent with other Participants' and Beneficiaries' rights of privacy.
Within 60 days after receiving a notice of appeal from a prior determination (or
within 120 days, if special circumstances require an extension of time and
written notice of the extension is given to the Participant or Beneficiary and
his representative within 60 days after receiving the notice of appeal), the
Committee shall furnish to the Participant or Beneficiary and his
representative, if any, a written statement of the Committee's final decision
with respect to his claim, including the reasons for such decision and the
particular Plan provisions upon which it is based.

Section 12.   The Committee and its Functions.

        12.1  Authority of Committee. The Committee shall be the "plan
administrator" within the meaning of ERISA and shall have exclusive
responsibility and authority to control and manage the operation and
administration of the Plan, including the interpretation and application of its
provisions, except to the extent such responsibility and authority are otherwise
specifically (i) allocated to the Bank, the Employers, or the Trustee under the
Plan and Trust Agreement, (ii) delegated in writing to other persons by the
Bank, the Employers, the Committee, or the Trustee, or (iii) allocated to other
parties by operation of law. The Committee shall have exclusive responsibility
regarding decisions concerning the payment of benefits under the Plan. The
Committee shall have no investment responsibility with respect to the Investment
Fund except to the extent, if any, specifically provided in the Trust Agreement.
In the discharge of its duties, the Committee may employ accountants, actuaries,
legal counsel, and other agents (who also may be employed by an Employer or the
Trustee in the same or some other capacity) and may pay their reasonable
expenses and compensation.

                                      -23-

<PAGE>
         12.2 Identity of Committee. The Committee shall consist of three or
more individuals selected by the Bank. Any individual, including a director,
trustee, shareholder, officer, or Employee of an Employer, shall be eligible to
serve as a member of the Committee. The Bank shall have the power to remove any
individual serving on the Committee at any time without cause upon 10 days
written notice, and any individual may resign from the Committee at any time
upon 10 days written notice to the Bank. The Bank shall notify the Trustee of
any change in membership of the Committee.

         12.3 Duties of Committee. The Committee shall keep whatever records may
be necessary to implement the Plan and shall furnish whatever reports may be
required from time to time by the Bank. The Committee shall furnish to the
Trustee whatever information may be necessary to properly administer the Trust.
The Committee shall see to the filing with the appropriate government agencies
of all reports and returns required of the Plan under ERISA and other laws.

         Further, the Committee shall have exclusive responsibility and
authority with respect to the Plan's holdings of Stock and shall direct the
Trustee in all respects regarding the purchase, retention, sale, exchange, and
pledge of Stock and the creation and satisfaction of Stock Obligations. The
Committee shall at all times act consistently with the Bank's long-term
intention that the Plan, as an employee stock ownership plan, be invested
primarily in Stock. Subject to the direction of the board as to the application
of Employer contributions to Stock Obligations, and subject to the provisions of
Sections 6.4 and 10.6 as to Participants' rights under certain circumstances to
have their Accounts invested in Stock or in assets other than Stock, the
Committee shall determine in its sole discretion the extent to which assets of
the Trust shall be used to repay Stock Obligations, to purchase Stock, or to
invest in other assets to be selected by the Trustee or an investment manager.
No provision of the Plan relating to the allocation or vesting of any interests
in the Stock Fund or the Investment Fund shall restrict the Committee from
changing any holdings of the Trust, whether the changes involve an increase or a
decrease in the Stock or other assets credited to Participants' Accounts. In
determining the proper extent of the Trust's investment in Stock, the Committee
shall be authorized to employ investment counsel, legal counsel, appraisers, and
other agents and to pay their reasonable expenses and compensation.

         12.4 Valuation of Stock. If the valuation of any Stock is not
established by reported trading on a generally recognized public market, the
Committee shall have the exclusive authority and responsibility to determine its
value for all purposes under the Plan, subject to the requirements of Code
Section 401(a)(28)(c). Such value shall be determined as of each Valuation Date,
and on any other date as of which the Plan purchases or sells such Stock. The
Committee shall use generally accepted methods of valuing stock of similar
corporations for purposes of arm's length business and investment transactions,
and in this connection the Committee shall obtain, and shall be protected in
relying upon, the valuation of such Stock as determined by an independent
appraiser experienced in preparing valuations of similar businesses.

         12.5 Compliance with ERISA. The Committee shall perform all acts
necessary to comply with ERISA. Each individual member or employee of the
Committee shall discharge his duties in good faith and in accordance with the
applicable requirements of ERISA.

         12.6 Action by Committee. All actions of the Committee shall be
governed by the affirmative vote of a number of members which is a majority of
the total number of members currently appointed, including vacancies.

                                      -24-

<PAGE>

         12.7 Execution of Documents. Any instrument executed by the Committee
shall be signed by any member or employee of the Committee.

         12.8 Adoption of Rules. The Committee shall adopt such rules and
regulations of uniform applicability as it deems necessary or appropriate for
the proper administration and interpretation of the Plan.

         12.9 Responsibilities to Participants. The Committee shall determine
which Employees qualify to enter the Plan. The Committee shall furnish to each
eligible Employee whatever summary plan descriptions, summary annual reports,
and other notices and information may be required under ERISA. The Committee
also shall determine when a Participant or his Beneficiary qualifies for the
payment of benefits under the Plan. The Committee shall furnish to each such
Participant or Beneficiary whatever information is required under ERISA (or is
otherwise appropriate) to enable the Participant or Beneficiary to make whatever
elections may be available pursuant to Sections 6 and 10, and the Committee
shall provide for the payment of benefits in the proper form and amount from the
assets of the Trust Fund. The Committee may decide in its sole discretion to
permit modifications of elections and to defer or accelerate benefits to the
extent consistent with applicable law and the best interests of the individuals
concerned.

         12.10 Alternative Payees in Event of Incapacity. If the Committee finds
at any time that an individual qualifying for benefits under this Plan is a
minor or is incompetent, the Committee may direct the benefits to be paid, in
the case of a minor, to his parents, his legal guardian, or a custodian for him
under the Uniform Gifts to Minors Act, or, in the case of an incompetent, to his
spouse, or his legal guardian, the payments to be used for the individual's
benefit. The Committee and the Trustee shall not be obligated to inquire as to
the actual use of the funds by the person receiving them under this Section
12.10, and any such payment shall completely discharge the obligations of the
Plan, the Trustee, the Committee, and the Employers to the extent of the
payment.

         12.11 Indemnification by Employers. Except as separately agreed in
writing, the Committee, and any member or employee of the Committee, shall be
indemnified and held harmless by the Employer, jointly and severally, to the
fullest extent permitted by ERISA, and subject to and conditioned upon
compliance with 12 C.F.R. Section 545.121, to the extent applicable, against any
and all costs, damages, expenses, and liabilities reasonably incurred by or
imposed upon it or him in connection with any claim made against it or him or in
which it or he may be involved by reason of its or his being, or having been,
the Committee, or a member or employee of the Committee, to the extent such
amounts are not paid by insurance.

         12.12 Nonparticipation by Interested Member. Any member of the
Committee who also is a Participant in the Plan shall take no part in any
determination specifically relating to his own participation or benefits, unless
his abstention would leave the Committee incapable of acting on the matter.

Section 13.    Adoption, Amendment, or Termination of the Plan.

         13.1  Adoption of Plan by Other Employers. With the consent of the
Bank, any entity may become a participating Employer under the Plan by (i)
taking such action as shall be necessary to adopt the Plan, (ii) becoming a
party to the Trust Agreement establishing the Trust Fund, and (iii) executing
and delivering such instruments and taking such other action as may be necessary
or desirable to put the Plan into effect with respect to the entity's Employees.

                                      -25-

<PAGE>
         13.2 Plan Adoption Subject to Qualification. Notwithstanding any other
provision of the Plan, the adoption of the Plan and the execution of the Trust
Agreement are conditioned upon their being determined initially by the Internal
Revenue Service to meet the qualification requirements of Section 401(a) of the
Code, so that the Employers may deduct currently for federal income tax purposes
their contributions to the Trust and so that the Participants may exclude the
contributions from their gross income and recognize income only when they
receive benefits. In the event that this Plan is held by the Internal Revenue
Service not to qualify initially under Section 401(a), the Plan may be amended
retroactively to the earliest date permitted by U.S. Treasury Regulations in
order to secure qualification under Section 401(a). If this Plan is held by the
Internal Revenue Service not to qualify initially under Section 401(a) either as
originally adopted or as amended, each Employer's contributions to the Trust
under this Plan (including any earnings thereon) shall be returned to it and
this Plan shall be terminated. In the event that this Plan is amended after its
initial qualification and the Plan as amended is held by the Internal Revenue
Service not to qualify under Section 401(a), the amendment may be modified
retroactively to the earliest date permitted by U.S. Treasury Regulations in
order to secure approval of the amendment under Section 401(a).

         13.3 Right to Amend or Terminate. The Bank intends to continue this
Plan as a permanent program. However, each participating Employer separately
reserves the right to suspend, supersede, or terminate the Plan at any time and
for any reason, as it applies to that Employer's Employees, and the Bank
reserves the right to amend, suspend, supersede, merge, consolidate, or
terminate the Plan at any time and for any reason, as it applies to the
Employees of each Employer. No amendment, suspension, supersession, merger,
consolidation, or termination of the Plan shall (i) reduce any Participant's or
Beneficiary's proportionate interest in the Trust Fund, (ii) reduce or restrict,
either directly or indirectly, the benefit provided any Participant prior to the
amendment, or (iii) divert any portion of the Trust Fund to purposes other than
the exclusive benefit of the Participants and their Beneficiaries prior to the
satisfaction of all liabilities under the Plan. Moreover, there shall not be any
transfer of assets to a successor plan or merger or consolidation with another
plan unless, in the event of the termination of the successor plan or the
surviving plan immediately following such transfer, merger, or consolidation,
each participant or beneficiary would be entitled to a benefit equal to or
greater than the benefit he would have been entitled to if the plan in which he
was previously a participant or beneficiary had terminated immediately prior to
such transfer, merger, or consolidation. Following a termination of this Plan by
the Bank, the Trustee shall continue to administer the Trust and pay benefits in
accordance with the Plan as amended from time to time and the Committee's
instructions.

Section 14.   Miscellaneous Provisions.

         14.1 Plan Creates No Employment Rights. Nothing in this Plan shall be
interpreted as giving any Employee the right to be retained as an Employee by an
Employer, or as limiting or affecting the rights of an Employer to control its
Employees or to terminate the Service of any Employee at any time and for any
reason, subject to any applicable employment or collective bargaining
agreements.

         14.2 Nonassignability of Benefits. No assignment, pledge, or other
anticipation of benefits from the Plan will be permitted or recognized by the
Employer, the Committee, or the Trustee. Moreover, benefits from the Plan shall
not be subject to attachment, garnishment, or other legal process for debts or
liabilities of any Participant or Beneficiary, to the extent permitted by law.
This prohibition on assignment or alienation shall apply to any judgment,
decree, or order (including approval of a property settlement agreement) which
relates to the provision of child support, alimony, or property rights to a
present or former spouse, child or other dependent of a Participant pursuant to
a state domestic relations or community property law, unless the

                                      -26-

<PAGE>

judgment, decree, or order is determined by the Committee to be a qualified
domestic relations order within the meaning of Section 414(p) of the Code, as
more fully set forth in Section 14.12 hereof.

         14.3  Limit of Employer Liability. The liability of the Employer with
respect to Participants under this Plan shall be limited to making contributions
to the Trust from time to time, in accordance with Section 4.

         14.4  Treatment of Expenses. All expenses incurred by the Committee and
the Trustee in connection with administering this Plan and Trust Fund shall be
paid by the Trustee from the Trust Fund to the extent the expenses have not been
paid or assumed by the Employer or by the Trustee.

         14.5  Number and Gender. Any use of the singular shall be interpreted
to include the plural, and the plural the singular. Any use of the masculine,
feminine, or neuter shall be interpreted to include the masculine, feminine, or
neuter, as the context shall require.

         14.6  Nondiversion of Assets. Except as provided in Sections 5.2 and
14.12, under no circumstances shall any portion of the Trust Fund be diverted to
or used for any purpose other than the exclusive benefit of the Participants and
their Beneficiaries prior to the satisfaction of all liabilities under the Plan.

         14.7  Separability of Provisions. If any provision of this Plan is held
to be invalid or unenforceable, the other provisions of the Plan shall not be
affected but shall be applied as if the invalid or unenforceable provision had
not been included in the Plan.

         14.8  Service of Process. The agent for the service of process upon the
Plan shall be the president of the Bank, or such other person as may be
designated from time to time by the Bank.

         14.9  Governing State Law. This Plan shall be interpreted in accordance
with the laws of the State of Missouri to the extent those laws are applicable
under the provisions of ERISA.

         14.10 Employer Contributions Conditioned on Deductibility. Employer
Contributions to the Plan are conditioned on deductibility under Code Section
404. In the event that the Internal Revenue Service shall determine that all or
any portion of an Employer Contribution is not deductible under that Section,
the nondeductible portion shall be returned to the Employer within one year of
the disallowance of the deduction.

         14.11 Unclaimed Accounts. Neither the Employer nor the Trustees shall
be under any obligation to search for, or ascertain the whereabouts of, any
Participant or Beneficiary. The Employer or the Trustees, by certified or
registered mail addressed to his last known address of record with the Employer,
shall notify any Participant or Beneficiary that he is entitled to a
distribution under this Plan, and the notice shall quote the provisions of this
Section. If the Participant or Beneficiary fails to claim his benefits or make
his whereabouts known in writing to the Employer or the Trustees within seven
(7) calendar years after the date of notification, the benefits of the
Participant or Beneficiary under the Plan will be disposed of as follows:

               (a)  If the whereabouts of the Participant is unknown but the
         whereabouts of the Participant's Beneficiary is known to the Trustees,
         distribution will be made to the Beneficiary.

                                      -27-

<PAGE>
               (b) If the whereabouts of the Participant and his Beneficiary are
        unknown to the Trustees, the Plan will forfeit the benefit, provided
        that the benefit is subject to a claim for reinstatement if the
        Participant or Beneficiary make a claim for the forfeited benefit.

        Any payment made pursuant to the power herein conferred upon the
Trustees shall operate as a complete discharge of all obligations of the
Trustees, to the extent of the distributions so made.

        14.12 Qualified Domestic Relations Order. Section 14.2 shall not apply
to a "qualified domestic relations order" defined in Code Section 414(p), and
such other domestic relations orders permitted to be so treated under the
provisions of the Retirement Equity Act of 1984. Further, to the extent provided
under a "qualified domestic relations order," a former Spouse of a Participant
shall be treated as the Spouse or surviving Spouse for all purposes under the
Plan.

In the case of any domestic relations order received by the Plan:

               (a) The Employer or the Committee shall promptly notify the
        Participant and any other alternate payee of the receipt of such order
        and the Plan's procedures for determining the qualified status of
        domestic relations orders, and

               (b) Within a reasonable period after receipt of such order, the
        Employer or the Committee shall determine whether such order is a
        qualified domestic relations order and notify the Participant and each
        alternate payee of such determination. The Employer or the Committee
        shall establish reasonable procedures to determine the qualified status
        of domestic relations orders and to administer distributions under such
        qualified orders.

        During any period in which the issue of whether a domestic relations
order is a qualified domestic relations order is being determined (by the
Employer or Committee, by a court of competent jurisdiction, or otherwise), the
Employer or the Committee shall segregate in a separate account in the Plan or
in an escrow account the amounts which would have been payable to the alternate
payee during such period if the order had been determined to be a qualified
domestic relations order. If within eighteen (18) months the order (or
modification thereof) is determined to be a qualified domestic relations order,
the Employer or the Committee shall pay the segregated amounts (plus any
interest thereon) to the person or persons entitled thereto. If within eighteen
(18) months it is determined that the order is not a qualified domestic
relations order, or the issue as to whether such order is a qualified domestic
relations order is not resolved, then the Employer or the Committee shall pay
the segregated amounts (plus any interest thereon) to the person or persons who
would have been entitled to such amounts if there had been no order. Any
determination that an order is a qualified domestic relations order which is
made after the close of the eighteen (18) month period shall be applied
prospectively only. The term "alternate payee" means any Spouse, former Spouse,
child or other dependent of a Participant who is recognized by a domestic
relations order as having a right to receive all, or a portion of, the benefit
payable under a Plan with respect to such Participant.

Section 15.    Top-Heavy Provisions.

        15.1   Top-Heavy Plan. This Plan is top-heavy if any of the following
conditions exist:

               (a) If the top-heavy ratio for this Plan exceeds sixty percent
        (60%) and this Plan is not part of any required aggregation group or
        permissive aggregation group;

                                      -28-

<PAGE>
                  (b)    If this Plan is a part of a required aggregation group
         (but is not part of a permissive aggregation group) and the aggregate
         top-heavy ratio for the group of Plans exceeds sixty percent (60%); or

                  (c)    If this Plan is a part of a required aggregation group
         and part of a permissive aggregation group and the aggregate top-heavy
         ratio for the permissive aggregation group exceeds sixty percent (60%).

         15.2     Super Top-Heavy Plan This Plan will be a super top-heavy Plan
if any of the following conditions exist:

                  (a)    If the top-heavy ratio for this Plan exceeds ninety
         percent (90%) and this Plan is not part of any required aggregation
         group or permissive aggregation group.

                  (b)    If this Plan is a part of a required aggregation group
         (but is not part of a permissive aggregation group) and the aggregate
         top-heavy ratio for the group of Plans exceeds ninety percent (90%), or

                  (c)    If this Plan is a part of a required aggregation group
         and part of a permissive aggregation group and the aggregate top-heavy
         ratio for the permissive aggregation group exceeds ninety percent
         (90%).

         15.3     Definitions.

In making this determination, the Committee shall use the following definitions
and principles:

                  15.3-1 The "Determination Date", with respect to the first
         Plan Year of any plan, means the last day of that Plan Year, and with
         respect to each subsequent Plan Year, means the last day of the
         preceding Plan Year. If any other plan has a Determination Date which
         differs from this Plan's Determination Date, the top-heaviness of this
         Plan shall be determined on the basis of the other plan's Determination
         Date falling within the same calendar years as this Plan's
         Determination Date.

                  15.3-2 A "Key Employee" means any employee or former employee
         (including any deceased employee) who at any time during the plan year
         that includes the determination date was an officer of the employer
         having annual compensation greater than $130,000 (as adjusted under
         section 416(i)(1) of the Code for plan years beginning after December
         31, 2002, a 5-percent owner of the employer, or a 1-percent owner of
         the employer having annual compensation of more than $150,000. For this
         purpose, annual compensation means compensation within the meaning of
         section 415(c)(3) of the Code. The determination of who is a key
         employee will be made in accordance with section 416(i)(1) of the Code
         and the applicable regulations and other guidance of general
         applicability issued thereunder.

                  15.3-3 A "Non-key Employee" means an Employee who at any time
         during the five years ending on the top-heavy Determination Date for
         the Plan Year has received compensation from an Employer and who has
         never been a Key Employee, and the Beneficiary of any such Employee.

                                      -29-

<PAGE>

                  15.3-4 A "required aggregation group" includes (a) each
         qualified Plan of the Employer in which at least one Key Employee
         participates in the Plan Year containing the Determination Date and (b)
         any other qualified Plan of the Employer which enables a Plan described
         in (a) to meet the requirements of Code Sections 401(a)(4) and 410. For
         purposes of the preceding sentence, a qualified Plan of the Employer
         includes a terminated Plan maintained by the Employer within the period
         ending on the Determination Date. In the case of a required aggregation
         group, each Plan in the group will be considered a top-heavy Plan if
         the required aggregation group is a top-heavy group. No Plan in the
         required aggregation group will be considered a top-heavy Plan if the
         required aggregation group is not a top-heavy group. All Employers
         aggregated under Code Sections 414(b), (c) or (m) or (o) (but only
         after the Code Section 414(o) regulations become effective) are
         considered a single Employer.

                  15.3-5 A "permissive aggregation group" includes the required
         aggregation group of Plans plus any other qualified Plan(s) of the
         Employer that are not required to be aggregated but which, when
         considered as a group with the required aggregation group, satisfy the
         requirements of Code Sections 401(a)(4) and 410 and are comparable to
         the Plans in the required aggregation group. No Plan in the permissive
         aggregation group will be considered a top-heavy Plan if the permissive
         aggregation group is not a top-heavy group. Only a Plan that is part of
         the required aggregation group will be considered a top-heavy Plan if
         the permissive aggregation group is top-heavy.

         15.4     Top-Heavy Rules of Application.

                  For purposes of determining the value of Account balances and
the present value of accrued benefits the following provisions shall apply:

                  15.4-1 The value of Account balances and the present value of
         accrued benefits will be determined as of the most recent Valuation
         Date that falls within or ends with the twelve (12) month period ending
         on the Determination Date.

                  15.4-2 For purposes of testing whether this Plan is top-heavy,
         the present value of an individual's accrued benefits and an
         individual's Account balances is counted only once each year.

                  15.4-3 The Account balances and accrued benefits of a
         Participant who is not presently a Key Employee but who was a Key
         Employee in a Plan Year beginning on or after January 1, 1984 will be
         disregarded.

                  15.4-4 Employer contributions attributable to a salary
         reduction or similar arrangement will be taken into account. Employer
         matching contributions also shall be taken into account for purposes of
         satisfying the minimum contribution requirements of Section 416(c)(2)
         of the Code and the Plan.

                  15.4-5 When aggregating Plans, the value of Account balances
         and accrued benefits will be calculated with reference to the
         Determination Dates that fall within the same calendar year.

                  15.4-6 The present values of accrued benefits and the amounts
         of account balances of an employee as of the determination date shall
         be increased by the distributions made with respect to the employee
         under the plan and any plan aggregated with the plan under Section
         416(g)(2) of the Code during the 1-year period ending on the
         determination date. The preceding sentence shall also apply to
         distributions under a terminated plan which, had it not been
         terminated, would have been aggregated

                                      -30-

<PAGE>

         with the plan under Section 416(g)(2)(A)(i) of the Code. In the case of
         a distribution made for a reason other than separation from service,
         death, or disability, this provision shall be applied by substituting
         "five (5) year period" for "one (1) year period."

                  15.4-7 Accrued benefits and Account balances of an individual
         shall not be taken into account for purposes of determining the
         top-heavy ratios if the individual has performed no services for the
         Employer during the one (1) year period ending on the applicable
         Determination Date. Compensation for purposes of this subparagraph
         shall not include any payments made to an individual by the Employer
         pursuant to a qualified or non-qualified deferred compensation plan.

                  15.4-8 The present value of the accrued benefits or the amount
         of the Account balances of any Employee participating in this Plan
         shall not include any rollover contributions or other transfers
         voluntarily initiated by the Employee except as described below. If
         this Plan transfers or rolls over funds to another Plan in a
         transaction voluntarily initiated by the Employee, then this Plan shall
         count the distribution for purposes of determining Account balances or
         the present value of accrued benefits. A transfer incident to a merger
         or consolidation of two or more Plans of the Employer (including Plans
         of related Employers treated as a single Employer under Code Section
         414), or a transfer or rollover between Plans of the Employer, shall
         not be considered as voluntarily initiated by the Employee.

         15.5     Minimum Contributions. For any Top-Heavy Year, each Employer
shall make a special contribution on behalf of each Participant to the extent
that the total allocations to his Account pursuant to Section 4 is less than the
lesser of:

                  (i)    three percent of his 415 Compensation for that year, or

                  (ii)   the highest ratio of such allocation to 415
         Compensation received by any Key Employee for that year. For purposes
         of the special contribution of this Section 15.2, a Key Employee's 415
         Compensation shall include amounts the Key Employee elected to defer
         under a qualified 401(k) arrangement. Such a special contribution shall
         be made on behalf of each Participant who is employed by an Employer on
         the last day of the Plan Year, regardless of the number of his Hours of
         Service, and shall be allocated to his Account.

         If the Employer maintains a qualified plan in addition to this Plan and
more than one such plan is determined to be Top-Heavy, a minimum contribution or
a minimum benefit shall be provided in one of such other plans, including a plan
that consists solely of a cash or deferred arrangement which meets the
requirements of Section 401(k)(12) of the Code and matching contributions with
respect to which the requirements of Section 401(m)(11) of the Code are met. If
the Employer has both a Top-Heavy defined benefit plan and a Top-Heavy defined
contribution plan and a minimum contribution is to be provided only in the
defined contribution plan, then the sum of the Employer contributions and
forfeitures allocated to the Account of each Non-key Employee shall be equal to
at least five percent (5%) of such Non-key Employee's 415 Compensation for that
year.

         15.6     Minimum Vesting. For any Plan Year in which this Plan is
Top-Heavy, a Participant's vested interest in his Account shall be based on the
following "top-heavy table":

                                      -31-

<PAGE>

                Vesting Years                    Percentage of Interest Vested
                -------------                    -----------------------------
              Fewer than 3 years                              0%
                  3 or more                                  100%

         15.7 Top-Heavy Provisions Control in Top-Heavy Plan. In the event this
Plan becomes top-heavy and a conflict arises between the top-heavy provisions
herein set forth and the remaining provisions set forth in this Plan, the
top-heavy provisions shall control.

                                      -32-<PAGE>

                                                                    EXHIBIT 10.5

ADOPTION AGREEMENT

--------------------------------------------------------------------------------
                                      For Clay County Savings & Loan Association
   Pentegra
                                                     Employees' Savings & Profit
                                                          Sharing Plan and Trust
                                                                  Client No. H19

<PAGE>

                               ADOPTION AGREEMENT
                                       FOR
                     CLAY COUNTY SAVINGS & LOAN ASSOCIATION
               EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Name of Employer: Clay County Savings & Loan Association
                  --------------------------------------

Address:          1178 West 152 Highway, Liberty, MO 64068
                  ----------------------------------------

Telephone Number: (816) 781-4500
                  --------------

Contact Person:   Deborah A. Jones
                  ----------------

Name of Plan:     Clay County Savings & Loan Association Employees' Savings &
                  ------------------------------------------------------------
Profit Sharing Plan and Trust
--------------------------------------------

THIS ADOPTION AGREEMENT, upon execution by the Employer and the Trustee, and
subsequent approval by a duly authorized representative of Pentegra Services,
Inc. (the "Sponsor"), together with the Sponsor's Employees' Savings & Profit
Sharing Plan and Trust Agreement (the "Agreement"), shall constitute the Clay
County Savings & Loan Association Employees' Savings & Profit Sharing Plan and
Trust (the "Plan"). The terms and provisions of the Agreement are hereby
incorporated herein by this reference; provided, however, that if there is any
conflict between the Adoption Agreement and the Agreement, this Adoption
Agreement shall control.

The elections hereinafter made by the Employer in this Adoption Agreement may be
changed by the Employer from time to time by written instrument executed by a
duly authorized representative thereof; but if any other provision hereof or any
provision of the Agreement is changed by the Employer other than to satisfy the
requirements of Section 415 or 416 of the Internal Revenue Code of 1986, as
amended (the "Code"), because of the required aggregation of multiple plans, or
if as a result of any change by the Employer the Plan fails to obtain or retain
its tax-qualified status under Section 401(a) of the Code, the Employer shall be
deemed to have amended the Plan evidenced hereby and by the Agreement into an
individually designed plan, in which event the Sponsor shall thereafter have no
further responsibility for the tax-qualified status of the Plan. However, the
Sponsor may amend any term, provision or definition of this Adoption Agreement
or the Agreement in such manner as the Sponsor may deem necessary or advisable
from time to time and the Employer and the Trustee, by execution hereof,
acknowledge and consent thereto. Notwithstanding the foregoing, no amendment of
this Adoption Agreement or of the Agreement shall increase the duties or
responsibilities of the Trustee without the written consent thereof.

                                       2

<PAGE>

I.  Effect of Execution of Adoption Agreement

    The Employer, upon execution of this Adoption Agreement by a duly authorized
    representative thereof, (choose 1 or 2):

    1. ___ Establishes as a new plan the Clay County Savings & Loan Association
       Employees' Savings & Profit Sharing Plan and Trust, effective
       _____________________________, ____ (the "Effective Date").

    2. ___ Amends its existing defined contribution plan and trust
              Financial Institution Thrift Plan as adopted by Clay County
              -----------------------------------------------------------
              Savings & Loan Association, dated November 1, 1995, in its
              --------------------------        ----------  ----
              entirety into the Clay County Savings & Loan Association
              Employees' Savings & Profit Sharing Plan and Trust, effective
              November 1, 2002, except as otherwise provided herein or in the
              ----------  ----
              Agreement (the "Effective Date").

II. Definitions

    A.  "Compliance Testing Method" means the prior year testing method unless
    the Employer elects to use current year testing for determining the actual
    deferral percentages and actual contribution percentages by checking this
    line ____.

    Note: Whichever testing method is selected (prior year testing or current
    year testing), it must apply to both the actual deferral percentage test and
    the actual contribution percentage test.

    B.  Employer

        1. "Employer," for purposes of the Plan, shall mean:
                          Clay County Savings & Loan Association
           ---------------------------------------------------------------------
        2. The Employer is (indicate whichever may apply):

           (a) ___ A member of a controlled group of corporations under Section
               414(b) of the Code.

           (b) ___ A member of a group of entities under common control under
               Section 414(c) of the Code.

           (c) ___ A member of an affiliated service group under Section 414(m)
               of the Code.

           (d)  X  A corporation.
               ---

           (e) ___ A sole proprietorship or partnership.

           (f) ___ A Subchapter S corporation.

           (g) ___ Other ____________________________________.

        3. Employer's Taxable Year Ends on      12/31               .
                                           -------------------------
        4. Employer's Federal Taxpayer Identification Number is  44 -0202690
                                                                -------------

                                        3

<PAGE>

          5.  The Plan Number for the Plan is (enter 3-digit number)   002     .
                                                                     ----------

      C.  "Entry Date" means the first day of the (choose 1 or 2):

          1.   X  Calendar month coinciding with or next following the date the
              ---
              Employee satisfies the Eligibility requirements described in
              Section III.

          2.  ___ Calendar quarter (January 1, April 1, July 1, October 1)
              coinciding with or next following the date the Employee satisfies
              the Eligibility requirements described in Section III.

      D.  "Limitation Year" means the twelve (12) consecutive month period
          ending on     12/31     (month/day). Note: If no 12 month period is
                    -------------
          selected, the Limitation Year shall be the Plan Year.

      E.  "Member" means an Employee enrolled in the membership of the Plan.

      F.  "Normal Retirement Age" means (choose 1 or 2):

              1.   X  Attainment of age  65  (select an age not less than 55 and
                  ---                   ----
                  not greater than 65).

              2.  ___ Later of: (i) attainment of age 65 or (ii) the fifth
                  anniversary of the date the Member commenced participation in
                  the Plan.

      G.  "Normal Retirement Date" means the first day of the first calendar
          month coincident with or next following the date upon which a Member
          attains his or her Normal Retirement Age.

      H.  "Plan Year" means the twelve (12) consecutive month period ending on
          _________________ (month/day).

      I.  "Salary" for benefit purposes under the Plan means (choose 1, 2 or 3):

              1.   X  Total taxable compensation as reported on Form W-2
                  ---
                  (exclusive of any compensation deferred from a prior year).

              2.  ___ Basic Salary only.

              3.  ___ Basic Salary plus one or more of the following (if 3 is
                  chosen, then choose (a) or (b), and/or (c) or (d), whichever
                  shall apply):

                     (a) ___  Commissions not in excess of $__________

                     (b) ___  Commissions to the extent that Basic Salary plus
                         Commissions do not exceed $__________

                     (c) ___  Overtime

                                       4

<PAGE>

                     (d) ___  Overtime and bonuses

          Note:   Member pre-tax contributions to a Section 401(k) plan are
              always included in Plan Salary.

III.  Salary Adjustment

      A.  Cafeteria Plan (Section 125) Salary Adjustment.

          Member pre-tax contributions to a Section 125 cafeteria plan are to be
          included in Plan Salary, unless the Employer elects to exclude such
          amounts by checking this line ____.

      B.  Transportation Fringe Benefit (Section 132(f) Adjustment).

          Member pre-tax contributions for qualified transportation fringe
          benefits under Code Section 132(f) are to be included in Plan Salary,
          unless the Employer elects to exclude such amounts by checking this
          line ____.

IV.   Highly Compensated Employee Elections

      A.  Top Paid Group Election:

          In determining who is a Highly Compensated Employee, the Employer
          makes the Top Paid Group election by checking this line ____. The
          effect of this election is that an Employee (who is not a 5% owner at
          any time during the determination year or the look-back year) with
          compensation in excess of $80,000 (as adjusted) for the look-back year
          is a Highly Compensated Employee only if the Employee was in the
          top-paid group (i.e., the top 20% of Employees ranked on the basis of
          compensation paid by the Employer) for the look-back year.

      B.  Calendar Year Data Election:

          For determining which Employees are Highly Compensated Employees, the
          look-back year will be the 12 month period immediately preceding the
          determination year, except that, for non-calendar year plans, the
                                               -----------------------
          look-back year will be the calendar year ending within the Plan Year
          by checking this line ____.

V.    Eligibility Requirements

      A.  All Employees shall be eligible to participate in the Plan in
          accordance with the provisions of Article II of the Plan, except the
          following Employees shall be excluded (choose whichever shall apply):

          1.  ___ Employees who have not attained age ___ (Insert an age from 18
                  to 21).

          2.   X  Employees who have not completed  3  (1-11, 12 or 24)
              ---                                  ---
                  consecutive months of service.

                  Note:  Employers which permit Members to make pre-tax elective
                         deferrals to the

                                       5

<PAGE>

               Plan (see VII.A.3.) may not elect a 24 month eligibility period.

     3. ___ Employees included in a unit of Employees covered by a collective
        bargaining agreement, if retirement benefits were the subject of good
        faith bargaining between the Employer and Employee representatives.

     4. ___ Employees who are nonresident aliens and who receive no earned
        income from the Employer which constitutes income from sources within
        the United States.

     5.  X  Employees included in the following job classifications:
        ---

            (a)  X   Hourly Employees.
                ---
            (b) ___  Salaried Employees.

            (c) ___  Flex staff employees (i.e.; any Employee who is not a
                     regular full-time or part-time Employee).

            (d) ___  Short-term Employees (i.e.; employees who are hired under a
                     written agreement which precludes membership in the Plan
                     and provides for a specific period of employment not in
                     excess of one year).

            (e) ___  Leased Employees.

     6. ___ Employees of the following employers which are aggregated under
        Section 414(b), 414(c) or 414(m) of the Code:

            ________________________________________________________
              ________________________________________________________

     Note:  If no entries are made above, all Employees shall be eligible to
        participate in the Plan on the later of: (i) the Effective Date or (ii)
        the first day of the calendar month or calendar quarter (as designated
        by the Employer in Section II.C.) coinciding with or immediately
        following the Employee's Date of Employment or, as applicable, Date of
        Reemployment.

   B.   Such eligibility computation period established in Section V(A) above
        shall be applicable to (choose 1 or 2):

        1.  X  Both present and future Employees.
           ---

        2. ___ Future Employees only.

   C.   Such Eligibility requirements established above shall be (choose 1 or
        2):

        1.  X  Applied to the designated Employee group on and after the
           ---
           Effective Date of the Plan.

                                       6

<PAGE>

         2. ___ Waived for the ___ consecutive month period (may not exceed 12)
            beginning on the Effective Date of the Plan.

    D.   Service Crediting Method for Eligibility (Choose 1, 2 or 3):

         1. ___ Not applicable. There is no service required for eligibility.

         2.  X  Hour of service method (Choose a or b):
            ---

                a. ___  The actual number of Hours of Employment.

                b.  X   190 Hours of Employment for each month in which the
                   ---
                   Employee completes at least one hour of Employment.

         3. ___ Elapsed time method.

    E.   Requirements to Commence Receipt of Employer Contributions.

         1. Employer Contributions shall be allocated to Member's Accounts in
            accordance with Article III of the Plan, except that the following
            Member's will not be entitled to Employer contributions (choose (a)
            or (b) and/or (c)):

            (a)  X   No additional requirements apply. (The eligibility
                ---
                requirements under Section V above apply to Employer
                Contributions); or

            (b) ___  Members who have not attained age ___ (Insert an age from
                18 - 21); and/or

            (c) ___  Member's who have not completed ___ (1 - 12) consecutive
                months of service.

         2. The requirement to commence receipt of Employer Contributions
            established in this Section E shall apply to all Employer
            Contributions provided under Section 3.4 of the Plan except:

            (a)  X   Matching contributions
                ---

            (b)  ___ Basic contributions

            (c)  ___ Safe harbor CODA contributions

            (d)  ___ Supplemental contributions

            (e)  ___ Profit sharing contributions

            (f)  ___ Qualified non-elective contribution

            Note: If an Employer contribution type is selected in 2 above,
            above, Member's will receive Employer contributions based upon the
            eligibility requirements under Section V above and the provisions of
            the Plan document for such Employer contribution type.

                                       7

<PAGE>

VI.  Prior Employment Credit

     A.   Prior Employment Credit:

          __  Employment with the following entity or entities shall be included
             for eligibility and vesting purposes:

          ______________________________________________________________________

          ______________________________________________________________________

          Note:  If this Plan is a continuation of a Predecessor Plan, service
             under the Predecessor Plan shall be counted under this Plan.

VII. Contributions

     Note:   Annual Member pre-tax elective deferrals, Employer matching
       contributions, Employer safe harbor CODA contributions, Employer basic
       contributions, Employer supplemental contributions, Employer profit
       sharing contributions and Employer qualified non-elective contributions,
       in the aggregate, may not exceed 15% of all Members' Salary (excluding
       from Salary Member pre-tax elective deferrals).

     A.   Employee Contributions (fill in 1 and/or 6 if applicable; choose 2 or
          3; 4 or 5):

          1.  X  The maximum amount of monthly contributions a Member may make
             ---
             to the Plan (both pre-tax deferrals and after-tax contributions) is
              50 % (1-75) of the Member's monthly Salary.
             ----

          2.  X  (Choose a or b):
             ---
                 (a) X  A Member may make pre-tax elective deferrals to the
                    ---
                    Plan, based on multiples of 1% of monthly Salary, or

                 (b)___ A Member may make pre-tax elective deferrals to the Plan
                    based on a specified dollar amount.

          3. ___ A Member may not make pre-tax elective deferrals to the Plan.

          4. ___ A Member may make after-tax contributions to the Plan, based on
             multiples of 1% of monthly Salary.

          5. ___ A Member may not make after-tax contributions to the Plan.

          6.  X  An Employee may allocate a rollover contribution to the Plan
             ---
             prior to satisfying the Eligibility requirements described above.

     B.   A Member may change his or her contribution rate with respect to, if
          made available, pre-tax deferrals and after-tax contributions (choose
          1, 2 or 3):

          1.  X  1 time per pay period.
             ---

                                        8

<PAGE>

         2.  ___ 1 time per calendar month.
         3.  ___ 1 time per calendar quarter.

     C.  Employer Matching Contributions (fill in 1 or 6 as applicable; and if
         you select 1, then choose 2, 3, 4 or 5):

         1.  The Employer matching contributions under 2, 3, 4 or 5 below shall
             be based on the Member's contributions (both pre-tax deferrals and
             after-tax contributions) not in excess of  6 % (1-20 but not in
                                                       ---
             excess of the percentage specified in A.1. above) of the Member's
             Salary.

         2.   X  The Employer shall allocate to each contributing Member's
             ---
             Account an amount equal to  50 % (not to exceed 200%) of the
                                        ----
             Member's contributions (both pre-tax deferrals and after-tax
             contributions) for that month (as otherwise limited in accordance
             with C.1. above).

         3.  ___ The Employer shall allocate to each contributing Member's
             Account an amount based on the Member's contributions for the month
             (as otherwise limited in accordance with C.1. above) and determined
             in accordance with the following schedule:

                         Years of Employment               Matching %
                         -------------------               ----------
                          Less than 3                         50%
                          At least 3, but less than 5         75%
                          5 or more                          100%

         4.  ___ The Employer shall allocate to each contributing Member's
             Account an amount based on the Member's contributions for the month
             (as otherwise limited in accordance with C.1. above) and determined
             in accordance with the following schedule:

                         Years of Employment               Matching %
                         -------------------               ----------
                          Less than 3                        100%
                          At least 3, but less than 5        150%
                          5 or more                          200%

         5.  ___ The Employer shall allocate to each contributing Member's
             Account an amount equal to ____ % on the first ____ % of the
             Member's monthly contributions plus ____ % on the next ____ % of
             the Member's monthly contributions.

         6.  ___ No Employer matching contributions will be made to the Plan.

     D.  Safe Harbor CODA Contributions (Actual Deferral Percentage Test Safe
         Harbor Contributions) (Complete 1, or 2 below):

         1. ____ The Employer shall make a safe harbor Basic Matching
         Contribution to the Plan on behalf of each Member (i.e.; 100% of the
         Member's 401(k) Deferrals that do not exceed 3% percent of the Member's
         Salary plus 50% of the Member's 401(k) Deferrals that exceed 3% percent
         of the Member's Salary but that do not exceed 5% of the Member's Plan
         Salary).

                                       9

<PAGE>

     2.   In lieu of safe harbor Basic Matching Contributions, the Employer will
     make the following contributions for the Plan Year (complete (a) and/or
     (b)):

          (a) ___ Enhanced Matching Contributions (complete 1, 2 or 3 below):

               (1) ___ The Employer shall make Matching Contributions to the
                       Account of each Member in an amount equal to the sum of:

                       (i)  the Member's 401(k) Deferrals that do not exceed ___
                       percent of the Member's Salary plus

                       (ii) __ Percent of the Member's 401(k) Deferrals that
                       exceed ___ percent of the Member's Salary and that do not
                       exceed percent of the Member's Salary.

               Note:   In the blank in (i) and the second blank in (ii), insert
                       a number that is 3 or greater but not greater than 6. The
                       first and last blanks in (ii) must be completed so that
                       at any rate of 401(k) Deferrals, the Matching
                       Contribution is at least equal to the Matching
                       Contribution receivable if the Employer were making Basic
                       Matching Contributions, but the rate of match cannot
                       increase as deferrals increase. For example, if "4" is
                       inserted in the blank in (i), (ii) need not be completed.

               (2) ___ 150% of the Member's contributions not to exceed ____
                       (Enter 3% or 4%) of the Member's Plan Salary; or

               (3) ___ 200% of the Member's contributions not to exceed ___
                       (Enter 2% or 3%) of the Member's Plan Salary.

          (b)     Safe Harbor Nonelective Contributions:

          The Employer will make a Safe Harbor Nonelective Contribution to the
          Account of each Member in an amount equal to 3 percent of the Member's
          Salary for the Plan Year, unless the Employer inserts a greater
          percentage here ___.

E.   Employer Basic Contributions (choose 1 or 2):

     1.   ___  The Employer shall allocate an amount equal to ___% (based on 1%
          increments not to exceed 15%) of Member's Salary for the month to
          (choose (a) or (b)):

               (a) __  The Accounts of all Members
               (b) __  The Accounts of all Members who were employed with the
                   Employer on the last day of such month.

     2.   X    No Employer basic contributions will be made to the Plan.
         ---

F.   Employer Supplemental Contributions:

                                       10

<PAGE>

          The Employer may make supplemental contributions for any Plan Year in
          accordance with Section 3.7 of the Plan.

G.   Employer Profit Sharing Contributions (Choose 1, 2, 3, 4, or 5):

     1.   X   No Employer Profit Sharing Contributions will be made to the Plan.
         ---

     Non-Integrated Formula

     2.   ___ Profit sharing contributions shall be allocated to each Member's
          Account in the same ratio as each eligible Member's Salary during such
          Contribution Determination Period bears to the total of such Salary of
          all eligible Members.

     3.   ___  Profit sharing contributions shall be allocated to each eligible
          Member's Account in the same ratio as each eligible Member's Salary
          for the portion of the Contribution Determination Period during which
          the Member satisfied the Employer's eligibility requirement(s) bears
          to the total of such Salary of all eligible Members.

     Integrated Formula

     4.   ___  Profit sharing contributions shall be allocated to each eligible
          Member's Account in a uniform percentage (specified by the Employer as
          ___%) of each Member's Salary during the Contribution Determination
          Period ("Base Contribution Percentage") for the Plan Year that
          includes such Contribution Determination Period , plus a uniform
          percentage (specified by the Employer as ___%, but not in excess of
          the lesser of (i) the Base Contribution Percentage and (ii) the
          greater of (1) 5.7% or (2) the percentage equal to the portion of the
          Code Section 3111(a) tax imposed on employers under the Federal
          Insurance Contributions Act (as in effect as of the beginning of the
          Plan Year) which is attributable to old-age insurance) of each
          Member's Salary for the Contribution Determination Period in excess of
          the Social Security Taxable Wage Base ("Excess Salary") for the Plan
          Year that includes such Contribution Determination Period, in
          accordance with Article III of the Plan.

     5.   ___  Profit sharing contributions shall be allocated to each eligible
          Member's Account in a uniform percentage (specified by the Employer as
          ___ %) of each Member's Salary for the portion of the Contribution
          Determination Period during which the Member satisfied the Employer's
          eligibility requirement(s), if any, plus a uniform percentage
          (specified by the Employer as ___%, but not in excess of the lesser of
          (i) the Base Contribution Percentage and (ii) the greater of (1) 5.7%
          or (2) the percentage equal to the portion of the Code Section 3111(a)
          tax imposed on employers under the Federal Insurance Contributions Act
          (as in effect as of the beginning of the Plan Year) which is
          attributable to old-age insurance) of each Member's Excess Salary for
          the portion of the Contribution Determination Period during which the
          Member satisfied the Employer's eligibility requirement(s) in
          accordance with Article III of the Plan.

H.   Allocation of Employer Profit Sharing Contributions:

     In accordance with Section VII, G above, a Member shall be eligible to
     share in Employer Profit Sharing Contributions, if any, as follows (choose
     1 or 2):

     1.   ___ A Member shall be eligible for an allocation of Employer Profit
          Sharing Contributions for a Contribution Determination Period if he or
          she is eligible to participate in the Plan for the Plan Year to which
          the Profit Sharing Contributions relates.

                                       11

<PAGE>

     2.   ___  A Member shall be eligible for an allocation of Employer Profit
          Sharing Contributions for a Contribution Determination Period only if
          he or she (choose (a), (b) or (c) whichever shall apply):

               (a) ___ is employed on the last day of the Contribution
               Determination Period, or retired, died or became totally and
               permanently disabled prior to the last day of the Contribution
               Determination Period.

               (b) ___ completed 1,000 Hours of Employment if the Contribution
               Determination Period is a period of 12 months (250 Hours of
               Employment if the Contribution Determination Period is a period
               of 3 months), or retired, died or became totally and permanently
               disabled prior to the last day of the Contribution Determination
               Period.

               (c) ___ is employed on the last day of the Contribution
               Determination Period and, if such period is 12 months, completed
               1,000 Hours of Employment (250 Hours of Employment if the
               Contribution Determination Period is a period of 3 months), or
               retired, died or became totally and permanently disabled prior to
               the last day of the Contribution Determination Period.

I.   "Contribution Determination Period" for purposes of determining and
     allocating Employer profit sharing contributions means (choose 1,2, 3 or
     4):

     1.   ___  The Plan Year.

     2.   ___  The Employer's Fiscal Year (defined as the Plan's "limitation
          year") being the twelve (12) consecutive month period commencing
          __________________ (month/day) and ending _______________ (month/day).

     3.   ___  The three (3) consecutive month periods that comprise each of the
          Plan Year quarters.

     4.   ___  The three (3) consecutive monthly periods that comprise each of
          the Employer's Fiscal Year quarters. (Employer's Fiscal Year is the
          twelve (12) consecutive month period commencing ___________
          (month/day) and ending ________________ (month/day).)

J.   Employer Qualified Nonelective Contributions:

     The Employer may make qualified nonelective contributions for any Plan Year
     in accordance with Section 3.9 of the Plan.

K.   Top Heavy Contributions:

     If the Plan is determined to be Top Heavy and if Top Heavy Contributions
     will be made to the Plan, Top Heavy Contributions will be allocated to:
     (choose 1 or 2 below):

          1.   ___  Only Members who are Non-Key Employees.

          2.    X   All Members.
               ---

                                       12

<PAGE>

VIII.    Investments

        The Employer hereby appoints Barclays Global Investors, N.A. to serve as
        Investment Manager under the Plan. The Employer hereby selects the
        following Investments to be made available under the Plan (choose
        whichever shall apply) and consents to the lending of securities by such
        funds to brokers and other borrowers. The Employer agrees and
        acknowledges that the selection of Investments made in this Section VIII
        is solely its responsibility, and no other person, including the Sponsor
        or Investment Manager, has any discretionary authority or control with
        respect to such selection process. The Employer hereby holds the
        Investment Manager harmless from, and indemnifies it against, any
        liability Investment Manager may incur with respect to such Investments
        so long as Investment Manager is not negligent and has not breached its
        fiduciary duties.

       1.   X   Money Market Fund
          -----
       2.   X   Stable Value Fund
          -----
       3.   X   Government Bond Fund
          -----
       4.   X   S&P 500 Stock Fund
          -----
       5.   X   S&P 500/Value Stock Fund
          -----
       6.   X   S&P 500/Growth Stock Fund
          -----
       7.   X   S&P MidCap Stock Fund
          -----
       8.   X   Russell 2000 Stock Fund
          -----
       9.   X   International Stock Fund
          -----
       10.  X   Asset Allocation Funds (3)

                 X   Income Plus
                ---
                 X   Growth & Income
                ---
                 X   Growth
                ---

       11.  X   Clay County Stock Fund (the "Employer Stock Fund")
          -----
       12._____ (Name of Employer) Certificate of Deposit Fund

       13.  X   NASDAQ 100 Index Fund
          -----
       14._____ Self-directed Brokerage Account

IX.   Employer Securities

      A.  If the Employer makes available an Employer Stock Fund pursuant to
          Section VIII of this Adoption Agreement, then voting and tender offer
          rights with respect to Employer Stock shall be delegated and exercised
          as follows (choose 1 or 2):

          1. X Each Member shall be entitled to direct the Plan Administrator as
            ---
            to the voting and tender or exchange offer rights involving Employer
            Stock held in such Member's Account, and the Plan Administrator
            shall follow or cause the Trustee to follow such directions. If a
            Member fails to provide the Plan Administrator with directions as to

                                       13

<PAGE>

             voting or tender or exchange offer rights, the Plan Administrator
             shall exercise those rights as it determines in its discretion and
             shall direct the Trustee accordingly.

          2. ___ The Plan Administrator shall direct the Trustee as to the
             voting of all Employer Stock and as to all rights in the event of a
             tender or exchange offer involving such Employer Stock.

X.   Investment Direction

     A.   Members shall be entitled to designate what percentage of employee
          contributions and employer contributions made on their behalf will be
          invested in the various Investment Funds offered by the Employer as
          specified in Section VIII of this Adoption Agreement except;

          1. The following portions of a Member's Account will be invested at
          the Employer's direction (choose whichever shall apply):

             a. ___ Employer Profit Sharing Contributions

                    Shall be invested in:

                    ___ Employer Stock Fund.

                    ___ Employer Certificate of Deposit Fund.

                    ___ Any Investment Fund or Funds offered by the Employer.

             b. ___ Employer Matching Contributions

                    Shall be invested in:

                    ___ Employer Stock Fund.

                    ___ Employer Certificate of Deposit Fund.

                    ___ Any Investment offered by the Employer.

             c. ___ Employer Basic Contributions

                    Shall be invested in:

                    ___ Employer Stock Fund

                    ___ Employer Certificate of Deposit Fund

                    ___ Any Investment offered by the Employer

             d. ___ Employer Supplemental Contributions

                    Shall be invested in:

                    ___ Employer Stock Fund

                                       14

<PAGE>

              ___ Employer Certificate of Deposit Fund

              ___ Any Investment offered by the Employer

       e. ___ Employer Qualified Nonelective Contributions

              Shall be invested in:

              ___ Employer Stock Fund

              ___ Employer Certificate of Deposit Fund

              ___ Any Investment offered by the Employer

       f. ___ Employer Safe Harbor CODA Contributions under Section 3.14 of the
Plan

              Shall be invested in:

              ___ Employer Stock Fund

              ___ Employer Certificate of Deposit Fund

              ___ Any Investment offered by the Employer

   2. ___ Amounts invested at the Employer's direction may not be transferred by
        the Member to any other Investment Fund.

   3. ___ Notwithstanding this election in 2, a Member may transfer such amounts
        to any other Investment Fund upon (choose whichever may apply):

          (a) ___ the attainment of age ___ (insert 45 or greater)
          (b) ___ the completion of ___ (insert 10 or greater) Years of
             Employment
          (c) ___ the attainment of age plus Years of Employment equal to ___
             (insert 55 or greater)

B. A Member may change his or her investment direction (choose 1,2, or 3):

   1.  X  1 time per business day.
      ---
   2. ___ 1 time per calendar month.
   3. ___ 1 time per calendar quarter.

                                       15

<PAGE>

      C. If a Member or Beneficiary (or the Employer, if applicable) fails to
         make an effective investment direction, the Member's contributions
         and Employer contributions made on the Member's behalf shall be
         invested in Money Market Fund (insert one of the Investments selected
         in Section VIII of this Adoption Agreement).

      D. Effective as of ___________________, the following additional
         provisions shall apply to the Employer's Stock Fund (Check all that
         apply):

         1. ___ No additional Employee contributions may be made to the
                 Employer Stock Fund;

         2. ___ No additional Employer contributions may be made to the
                 Employer Stock Fund;

         3. ___ No investment fund transfers may be made to the Employer Stock
                 Fund; and/or

         4. ___ No investment fund transfers may be made from the Employer Stock
                 Fund.

XI.   Vesting Schedules

      A. (Choose 1, 2, 3, 4, 5, 6 or 7)

                   Schedule                Years of Employment     Vested %
                   --------                -------------------     --------
          1.  X     Immediate                Upon Enrollment          100%
             ---
                   Schedule                Years of Employment     Vested %
                   --------                -------------------     ---------
          2. ___    2-6 Year Graded         Less than 2                 0%
                                            2 but less than 3          20%
                                            3 but less than 4          40%
                                            4 but less than 5          60%
                                            5 but less than 6          80%
                                            6 or more                 100%

          3. ___    5-Year Cliff            Less than 5                 0%
                                            5 or more                 100%

          4. ___    3-Year Cliff            Less than 3                 0%
                                            3 or more                 100%

          5. ___    4-Year Graded           Less than 1                 0%
                                            1 but less than 2          25%
                                            2 but less than 3          50%
                                            3 but less than 4          75%
                                            4 or more                 100%

                                       16

<PAGE>

   6. ___      3-7 Year Graded        Less than 3                  0%
                                      3 but less than 4           20%
                                      4 but less than 5           40%
                                      5 but less than 6           60%
                                      6 but less than 7           80%
                                      7 or more                  100%

   7. ___      Other                  Less than ___                0%
                                      ___ but less than ___         %
                                      ___ but less than ___         %
                                      ___ but less than ___         %
                                      ___ but less than ___         %
                                      ___ or more  100%

B. With respect to the schedules listed above, the Employer elects (choose 1, 2,
3, 4 or 5):

   1. Schedule ___ solely with respect to Employer matching contributions.

   2. Schedule ___ solely with respect to Employer basic contributions.

   3. Schedule ___ solely with respect to Employer supplemental contributions.

   4. Schedule ___ solely with respect to Employer profit sharing contributions.

   5. Schedule  1  with respect to all Employer contributions.
               ---

   NOTE: Notwithstanding any election by the Employer to the contrary, each
   Member shall acquire a 100% vested interest in his Account attributable to
   all Employer contributions made to the Plan upon the earlier of (i)
   attainment of Normal Retirement Age, (ii) approval for disability or (iii)
   death. In addition, a Member shall at all times have a 100% vested interest
   in; the Employer Qualified Non-Elective Contributions, if any; Safe Harbor
   CODA contributions, if any; and in the pre-tax elective deferrals and
   nondeductible after-tax Member Contributions. Also, if a Plan is determined
   to be Top Heavy, a different vesting schedule, other than the schedule
   elected above, may apply.

C. Years of Employment Excluded for Vesting Purposes

   The following Years of Employment shall be disregarded for vesting purposes
   (choose whichever shall apply):

   1. ___ Years of Employment during any period in which neither the Plan nor
      any predecessor plan was maintained by the Employer.

   2. ___ Years of Employment of a Member prior to attaining age 18.

D. Service Crediting Method for Vesting (Choose 1, 2, or 3):

   1.  X  Not Applicable.  Plan provides 100% vesting for all contributions.
      ---

                                       17

<PAGE>

           2. ___ Hour of service method (if elected, Years of Service will be
                  substituted for Years of Employment for purposes of this
                  Section XI) (Choose a or b):

                  a. ___   The actual number of Hours of Employment.

                  b. ___   190 Hours of Employment for each month in which the
                           Employee completes at least one Hour of Employment.

           3. ___ Elapsed time method.

XII.  Withdrawal Provisions

      A.   The following portions of a Member's Account will be eligible for
           in-service withdrawals, subject to the provisions of Article VII of
           the Plan (choose whichever shall apply):

           1. ___ Employee after-tax contributions and the earnings thereon.
                  In-service withdrawals permitted only in the event of (choose
                  whichever shall apply):

                  (a) ___  Hardship.
                  (b) ___  Attainment of age 59 1/2.

           2.  X  Employee pre-tax elective deferrals and the earnings thereon.
              ---
                  Note: In-service withdrawals of all employee pre-tax elective
                  deferrals and earnings thereon as of December 31, 1988 are
                  permitted only in the event of hardship or attainment of age
                  59 1/2. In-service withdrawals of earnings after December 31,
                  1988 are permitted only in the event of attainment of age 59
                  1/2.

           3.  X  Employee rollover contributions and the earnings thereon.
              --- In-service withdrawals permitted only in the event of (choose
                  whichever shall apply):

                  (a) ___  Hardship.
                  (b) ___  Attainment of age 59 1/2.

           4.  X  Employer matching contributions and the earnings thereon.
              ---
                  In-service withdrawals permitted only in the event of (choose
                  whichever shall apply):

                  (a)   X  Hardship.
                       ---
                  (b)   X  Attainment of age 59 1/2.
                       ---

           5. ___ Employer basic contributions and the earnings thereon.

                  In-service withdrawals permitted only in the event of (choose
                  whichever shall apply):

                  (a) ___  Hardship.
                  (b) ___  Attainment of age 59 1/2.

                                       18

<PAGE>

          6.  X  Employer supplemental contributions and the earnings thereon.
             ---

                 In-service withdrawals permitted only in the event of (choose
                 whichever shall apply):

                 (a) ___  Hardship.
                 (b) ___  Attainment of age 59 1/2.

          7. ___ Employer profit sharing contributions and the earnings thereon.

                 In-service withdrawals permitted only in the event of (choose
                 whichever shall apply):

                 (a) ___  Hardship.
                 (b) ___  Attainment of age 59 1/2.

          8. ___ Employer qualified nonelective contributions and earnings
                 thereon.

                 Note: In-service withdrawals of all employer qualified
                 nonelective contributions and earnings thereon are permitted
                 only in the event of  attainment of age 59 1/2.

          9. ___ Employer safe harbor CODA contributions and earnings thereon.

                 Note: In-service withdrawals of employer safe harbor CODA
                 contributions and earnings thereon are permitted only in the
                 event of attainment of age 59 1/2.

         10. ___ No in-service withdrawals shall be allowed.

    B.   Notwithstanding any elections made in Subsection A of this Section XII
         above, the following portions of a Member's Account shall be excluded
         from eligibility for in-service withdrawals (choose whichever shall
         apply):

         1.  ___ Employer contributions, and the earnings thereon, credited to
         the Employer Stock Fund.

         2.  ___ Employer contributions, and the earnings thereon, credited to
                 the Employer Certificate of Deposit Fund.

         3.  ___ All contributions and deferrals, and the earnings thereon,
                 credited to the Employer Stock Fund.

         4.  ___ All contributions and deferrals, and the earnings thereon,
                 credited to the Employer Certificate of Deposit Fund.

         5.  ___ Other: ____________________________________________________

    Note: A Member's Account will be available for in-service withdrawals upon
    attaining age 70 1/2 notwithstanding any provisions of this Section XII to
    the contrary.

XIII. Distribution Option (choose whichever shall apply)

                                       19

<PAGE>

       1.   X     Lump Sum and partial lump sum payments only.
           ---

       2.  ___    Lump Sum and partial lump sum payments plus one or more of the
           following (choose (a) and /or (b)):

                  (a) ___   Installment payments.
                  (b) ___   Annuity payments.

       3.   X     Distributions in kind of Employer Stock.
           ---

XIV.   Loan Program (choose 1, 2, 3 or 4, if applicable)

       1.  ___    No loans will be permitted from the Plan.

       2.   X     Loans will be permitted from the Member's Account.
           ---

       3.  ___    Loans will be permitted from the Member's Account, excluding
                  (choose whichever shall apply):

                  (1) ___ Employer Profit sharing contributions and the earnings
                      thereon.

                  (2) ___ Employer matching contributions and the earnings
                      thereon.

                  (3) ___ Employer basic contributions and the earnings thereon.

                  (4) ___ Employer supplemental contributions and the earnings
                      thereon.

                  (5) ___ Employee after-tax contributions and the earnings
                      thereon.

                  (6) ___ Employee pre-tax elective deferrals and the earnings
                      thereon.

                  (7) ___ Employee rollover contributions and the earnings
                      thereon.

                  (8) ___ Employer qualified nonelective contributions and the
                      earnings thereon.

                  (9) ___ Employer safe harbor CODA contributions and the
                      earnings thereon.

                  (10)___ Any amounts to the extent invested in the Employer
                      Stock Fund.

                  (11)___ Any amounts to the extent invested in the Employer
                      Certificate of Deposit Fund.

       4. Loans will only be permitted from the Member's Account in the case of
       hardship or financial necessity as defined under Section 8.1 of the Plan.

XV.    Additional Information

       If additional space is needed to select or describe an elective feature
of the Plan, the Employer

                                       20

<PAGE>

     should attach additional pages and use the following format:

     The following is hereby made a part of Section --- of the Adoption
     Agreement and is thus incorporated into and made a part of the [Plan Name]

          Signature of Employer's Authorized Representative ___________________

          Signature of Trustee _____________________

          Supplementary Page ___ of [total number of pages].

XVI. Plan Administrator

     The Named Plan Administrator under the Plan shall be the (choose 1, 2, 3
     or 4):

     Note:   Pentegra Services, Inc. may not be appointed Plan Administrator.

       1.    X   Employer
            ---
       2.   ___  Employer's Board of Directors

       3.   ___  Plan's Administrative Committee

       4.   ___  Other (if chosen, then provide the following information)

            Name:    ______________________________________________________

            Address: ______________________________________________________

            Tel No:  ______________________________________________________

            Contact: ______________________________________________________

       Note: If no Named Plan Administrator is designated above, the Employer
            shall be deemed the Named Plan Administrator.

                                       21

<PAGE>

XVII. Trustee

     The Employer hereby appoints The Bank of New York to serve as Trustee for
     all Investment Funds under the Plan except the Employer Stock Fund.

     The Employer hereby appoints the following person(s) or entity to serve as
     Trustee under the Plan for the Employer Stock Fund.*

         Name:    ______________________________________________________________

         Address: ______________________________________________________________

         Telephone No:____________________________________ Contact:_

                    _______________________________________

                              Signature of Trustee
(Required only if the Employer is serving as its own Trustee)

*    Subject to approval by The Bank of New York, if The Bank of New York is
     appointed as Trustee for the Employer Stock Fund.

     The Employer hereby appoints The Bank of New York to serve as Custodian
     under the Plan for the Employer Stock Fund in the event The Bank of New
     York does not serve as Trustee for such Fund.

                                       22

<PAGE>

                         EXECUTION OF ADOPTION AGREEMENT

By execution of this Adoption Agreement by a duly authorized representative of
the Employer, the Employer acknowledges that it has established or, as the case
may be, amended a tax-qualified retirement plan into the Clay County Savings &
Loan Association Employees' Savings & Profit Sharing Plan and Trust (the
"Plan"). The Employer hereby represents and agrees that it will assume full
fiduciary responsibility for the operation of the Plan and for complying with
all duties and requirements imposed under applicable law, including, but not
limited to, the Employee Retirement Income Security Act of 1974, as amended, and
the Internal Revenue Code of 1986, as amended. In addition, the Employer
represents and agrees that it will accept full responsibility for complying with
any applicable requirements of federal or state securities law as such laws may
apply to the Plan and to any investments thereunder.

The adopting Employer may rely on an opinion letter issued by the IRS as
evidence that the Plan is qualified under Section 401 of the Code only to the
extent provided in IRS Announcement 2001-77, 2001-30 I.R.B. The Employer may not
rely on the opinion letter in certain other circumstances or with respect to
certain qualification requirements, which are specified in the opinion letter
issued with respect to the plan and in IRS Announcement 2001-77. In order to
have reliance in such circumstances or with respect to such qualification
requirements, application for a determination letter must be made to Employee
Plans Determinations of the IRS.

The failure to properly complete the Adoption Agreement may result in
disqualification of the Plan and Trust evidenced thereby.

The Sponsor will inform the Employer of any amendments to the Plan or of the
discontinuance or abandonment of the Plan by the Sponsor.

Any inquiries regarding the adoption of the Plan should be directed to the
Sponsor as follows:

                             Pentegra Services, Inc.
                             108 Corporate Park Drive
                             White Plains, New York 10604
                             (914) 694-1300

IN WITNESS WHEREOF, the Employer has caused this Adoption Agreement to be
executed by its duly authorized officer this day ____ of _______________, 20__ .

                                        Clay County Savings & Loan Association

                                        By:

                                        Name:  ________________________________
                                        Title:

                                       23

<PAGE>

                             PENTEGRA SERVICES, INC.

                    EMPLOYEES' SAVINGS & PROFIT SHARING PLAN
                               BASIC PLAN DOCUMENT

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<S>                                                                                 <C>
ARTICLE I      PURPOSE AND DEFINITIONS............................................  1

ARTICLE II     PARTICIPATION AND MEMBERSHIP....................................... 11
   Section 1   Eligibility Requirements........................................... 11
   Section 2   Exclusion of Certain Employees..................................... 12
   Section 3   Waiver of Eligibility Requirements................................. 12
   Section 4   Exclusion of Non-Salaried Employees................................ 13
   Section 5   Commencement of Participation...................................... 13
   Section 6   Termination of Participation....................................... 14

ARTICLE III    CONTRIBUTIONS...................................................... 15
   Section 1   Contributions by Members........................................... 15
   Section 2   Elective Deferrals by Members...................................... 15
   Section 3   Transfer of Funds and Rollover Contributions by Members............ 16
   Section 4   Employer Contributions - General................................... 17
   Section 5   Employer Matching Contributions.................................... 17
   Section 6   Employer Basic Contributions....................................... 18
   Section 7   Supplemental Contributions by Employer............................. 18
   Section 8   The Profit Sharing Feature......................................... 19
   Section 9   The 401(k) Feature................................................. 21
   Section 10  Determining the Actual Deferral Percentages........................ 23
   Section 11  Determining the Actual Contribution Percentages.................... 25
   Section 12  The Aggregate Limit Test........................................... 30
   Section 13  Remittance of Contributions........................................ 31
   Section 14  Safe Harbor CODA................................................... 32

ARTICLE IV     INVESTMENT OF CONTRIBUTIONS........................................ 34
   Section 1   Investment by Trustee or Custodian................................. 34
   Section 2   Member Directed Investments........................................ 35
   Section 3   Employer Securities................................................ 35

ARTICLE V      MEMBERS' ACCOUNTS, UNITS AND VALUATION............................. 36

ARTICLE VI     VESTING OF ACCOUNTS................................................ 37
   Section 1   Vesting of Member Contributions, 401(k) Deferrals, Qualified
                  Nonelective Contributions and Rollover Contributions............ 37
   Section 2   Vesting of Employer Contributions.................................. 37
   Section 3   Forfeitures........................................................ 41

ARTICLE VII    WITHDRAWALS AND DISTRIBUTIONS...................................... 43
   Section 1   General Provisions................................................. 43
   Section 2   Withdrawals While Employed......................................... 44
   Section 3   Distributions Upon Termination of Employment....................... 46
   Section 4   Distributions Due to Disability.................................... 51
   Section 5   Distributions Due to Death......................................... 52
   Section 6   Minimum Required Distributions..................................... 53
</TABLE>

<PAGE>

<TABLE>
<S>                                                                           <C>
ARTICLE VIII   LOAN PROGRAM.................................................. 58
   Section 1   General Provisions............................................ 58
   Section 2   Loan Application.............................................. 58
   Section 3   Permitted Loan Amount......................................... 60
   Section 4   Source of Funds for Loan...................................... 60
   Section 5   Conditions of Loan............................................ 61
   Section 6   Crediting of Repayment........................................ 61
   Section 7   Cessation of Payments on Loan................................. 62
   Section 8   Loans to Former Members....................................... 62

ARTICLE IX     ADMINISTRATION OF PLAN AND ALLOCATION
                OF RESPONSIBILITIES.......................................... 64
   Section 1   Fiduciaries................................................... 64
   Section 2   Allocation of Responsibilities Among the Fiduciaries.......... 64
   Section 3   No Joint Fiduciary Responsibilities........................... 67
   Section 4   Investment Manager............................................ 67
   Section 5   Advisor to Fiduciary...........................................68
   Section 6   Service in Multiple Capacities................................ 68
   Section 7   Appointment of Plan Administrator............................. 68
   Section 8   Powers of the Plan Administrator.............................. 69
   Section 9   Duties of the Plan Administrator.............................. 69
   Section 10  Action by the Plan Administrator.............................. 69
   Section 11  Discretionary Action.......................................... 69
   Section 12  Compensation and Expenses of Plan Administrator............... 70
   Section 13  Reliance on Others............................................ 70
   Section 14  Self Interest................................................. 70
   Section 15  Personal Liability - Indemnification.......................... 70
   Section 16  Insurance..................................................... 71
   Section 17  Claims Procedures............................................. 71
   Section 18  Claims Review Procedures...................................... 72

ARTICLE X      MISCELLANEOUS PROVISIONS...................................... 73
   Section 1   General Limitations........................................... 73
   Section 2   Top Heavy Provisions.......................................... 82
   Section 3   Information and Communications................................ 85
   Section 4   Small Account Balances........................................ 85
   Section 5   Amounts Payable to Incompetents, Minors or Estates............ 85
   Section 6   Non-Alienation of Amounts Payable............................. 86
   Section 7   Unclaimed Amounts Payable..................................... 86
   Section 8   Leaves of Absence............................................. 87
   Section 9   Return of Contributions to Employer........................... 88
   Section 10  Controlling Law............................................... 88

ARTICLE XI     AMENDMENT & TERMINATION....................................... 89
   Section 1   General....................................................... 89
   Section 2   Termination of Plan and Trust................................. 89
   Section 3   Liquidation of Trust Assets in the Event of Termination....... 89
   Section 4   Partial Termination........................................... 90
   Section 5   Power to Amend................................................ 90
</TABLE>

<PAGE>

<TABLE>
<S>                                                                          <C>
   Section 6   Solely for Benefit of Members, Terminated
                 Members and their Beneficiaries............................. 91
   Section 7   Successor to Business of the Employer......................... 91
   Section 8   Merger, Consolidation and Transfer............................ 92
   Section 9   Revocability.................................................. 92

TRUSTS ESTABLISHED UNDER THE PLAN............................................ 94
</TABLE>

<PAGE>

                                    ARTICLE I
                             PURPOSE AND DEFINITIONS

Section 1.1

This Plan and Trust, as evidenced hereby, and the applicable Adoption Agreement
and Trust Agreement(s), are designed and intended to qualify in form as a
qualified profit sharing plan and trust under the applicable provisions of the
Internal Revenue Code of 1986, as now in effect or hereafter amended, or any
other applicable provisions of law including, without limitation, the Employee
Retirement Income Security Act of 1974, as amended. Effective January 1, 2001,
except as otherwise provided, the Plan is hereby amended and restated in its
entirety to provide as follows:

Section 1.2

The following words and phrases as used in this Plan shall have the following
meanings:

  (A)  "Account" means the Plan account established and maintained in respect of
       each Member pursuant to Article V, to which Account shall be allocated,
       as applicable, the Member's after-tax amounts, 401(k) amounts, Employer
       matching amounts, basic amounts, supplemental amounts, profit sharing
       amounts, qualified non-elective contribution amounts, rollover amounts,
       and funds directly transferred to the Plan.

  (B)  "Actual Deferral Percentage Test Safe Harbor" means the method described
       in Section 3.14 (A) of Article III for satisfying the actual deferral
       percentage test of (S)401(k)(3) of the Code.

  (C)  "Actual Deferral Percentage Test Safe Harbor Contributions" means
       Employer matching contributions and non-elective contributions described
       in section 3.14 (A) (1) of Article III.

  (D)  "Adoption Agreement" means the separate document by which the Employer
       has adopted the Plan and specified certain of the terms and provisions
       hereof. If any term, provision or definition contained in the Adoption
       Agreement is inconsistent with any term, provision or definition
       contained herein, the one set forth in the Adoption Agreement shall
       govern. The Adoption Agreement shall be incorporated into and form an
       integral part of the Plan.

  (E)  "Beneficiary" means the person or persons designated to receive any
       amount payable under the Plan upon the death of a Member. Such
       designation may be made or changed only by the Member on a form provided
       by, and filed with, the Third Party Administrator prior to his death. If
       the Member is not survived by a

                                       5

<PAGE>

       Spouse and if no Beneficiary is designated, or if the designated
       Beneficiary predeceases the Member, then any such amount payable shall be
       paid to such Member's estate upon his death.

  (F)  "Board" means the Board of Directors of the Employer adopting the Plan.

  (G)  "Break in Service" means:

       (1)  Where an Employer has elected, in its Adoption Agreement, to use the
            hours of service method for eligibility and/or vesting, a Plan Year
            during which an individual has not completed more than 500 Hours of
            Employment, as determined by the Plan Administrator in accordance
            with the IRS Regulations. Solely for purposes of determining whether
            a Break in Service has occurred, an individual shall be credited
            with the Hours of Employment which such individual would have
            completed but for a maternity or paternity absence, as determined by
            the Plan Administrator in accordance with this Paragraph, the Code
            and the applicable regulations issued by the DOL and the IRS;
            provided, however, that the total Hours of Employment so credited
            shall not exceed 501 and the individual timely provides the Plan
            Administrator with such information as it may require. Hours of
            Employment credited for a maternity or paternity absence shall be
            credited entirely (i) in the Plan Year in which the absence began if
            such Hours of Employment are necessary to prevent a Break in Service
            in such year, or (ii) in the following Plan Year. For purposes of
            this Paragraph, maternity or paternity absence shall mean an absence
            from work by reason of the individual's pregnancy, the birth of the
            individual's child or the placement of a child with the individual
            in connection with the adoption of the child by such individual, or
            for purposes of caring for a child for the period immediately
            following such birth or placement.

       (2)  Where an Employer has elected to use the elapsed time method for
            eligibility and/or vesting service, a Period of Severance of at
            least 12 consecutive months.

  (H)  "Code" means the Internal Revenue Code of 1986, as now in effect or as
       hereafter amended. All citations to sections of the Code are to such
       sections as they may from time to time be amended or renumbered.

  (I)  "Commencement Date" means the date on which an Employer begins to
       participate in the Plan.

  (J)  "Contribution Determination Period" means the Plan Year, fiscal year, or

                                       6

<PAGE>

       calendar or fiscal quarter, as elected by an Employer, upon which
       eligibility for and the maximum permissible amount of any Profit Sharing
       contribution, as defined in Article III, is determined. Notwithstanding
       the foregoing, for purposes of Article VI, Contribution Determination
       Period means the Plan Year.

  (K)  "Disability" means a Member's disability as defined in Article VII,
       Section 7.4.

  (L)  "DOL" means the United States Department of Labor.

  (M)  "Employee" means any person in Employment, and who receives compensation
       from, the Employer, and any leased employee within the meaning of Section
       414(n)(2) of the Code. The term "leased employee" means any person (other
       than an employee of the recipient) who pursuant to an agreement between
       the recipient and any other person ("leasing organization") has performed
       services for the recipient (or for the recipient and related persons
       determined in accordance with Section 414(n) (6) of the Code) on a
       substantially full time basis for a period of at least one year, and such
       services are performed under primary direction or control by the
       recipient. Contributions or benefits provided a leased employee by the
       leasing organization which are attributable to services performed for the
       recipient employer shall be treated as provided by the recipient
       employer.

       A leased employee shall not be considered an employee of the recipient
       if: (i) such employee is covered by a money purchase pension plan
       providing: (1) a nonintegrated employer contribution rate of at least 10
       percent of compensation, as defined in Section 415(c) (3) of the Code,
       but including amounts contributed pursuant to a salary reduction
       agreement which are excludable from the employee's gross income under
       Section 125, Section 402(e)(3), Section 402(h)(1) (B) or Section 403(b)
       of the Code, (2) immediate participation, and (3) full and immediate
       vesting; and (ii) leased employees do not constitute more than 20 percent
       of the recipient's non-highly compensated work force.

  (N)  "Employer" means the entity named in the Adoption Agreement and any other
       entity which, together therewith, constitutes an affiliated service group
       (as defined in Section 414(m)(2) of the Code) , any corporation which,
       together therewith, constitutes a controlled group of corporations as
       defined in Section 1563 of the Code, and any other trade or business
       (whether incorporated or not) which, together therewith, are required to
       be aggregated under Sections 414(b), 414(c), or 414(o) of the Code. For
       purposes of the definition of "Salary" in Section 1.2(II) and Article III
       of the Plan, "Employer" shall refer only to the applicable entity that is
       participating in the Plan.

  (O)  "Employment" means service with an Employer.

                                       7

<PAGE>

  (P)  "Enrollment Date" means the date on which an Employee becomes a Member as
       provided under Article II.

  (Q)  "ERISA" means the Employee Retirement Income Security Act of 1974, as now
       in effect or as hereafter amended.

  (R)  "Fiduciary" means any person who (i) exercises any discretionary
       authority or control with respect to the management of the Plan or
       control with respect to the management or disposition of the assets
       thereof, (ii) renders any investment advice for a fee or other
       compensation, direct or indirect, with respect to any moneys or other
       property of the Plan, or has any discretionary authority or
       responsibility to do so, or (iii) has any discretionary authority or
       responsibility in the administration of the Plan, including any other
       persons (other than trustees) designated by any Named Fiduciary to carry
       out fiduciary responsibilities, except to the extent otherwise provided
       by ERISA.

  (S)  "Highly Compensated Employee" means for Plan Years beginning after
       December 31, 1996, an Employee (i) who is a 5 percent owner at any time
       during the look-back year or determination year, or (ii)(a) who is
       employed during the determination year and who during the look-back year
       received compensation from the Employer in excess of $80,000 (as adjusted
       pursuant to the Code and Regulations for changes in the cost of living),
       and (b) if elected by the Employer was in the top-paid group of Employees
       for such look-back year.

       For this purpose, the determination year shall be the Plan Year. The
       look-back year shall be the 12-month period immediately preceding the
       determination year. The Employer may, however, as indicated in the
       Adoption Agreement, make a calendar year data election. If a calendar
       year data election is made, the look- back year shall be the calendar
       year ending within the Plan Year for purposes of determining who is a
       Highly Compensated Employee (other than for 5% owners).

       The top-paid group shall consist of the top 20 percent of the Employees
       when ranked on the basis of compensation paid by the Employer.

       The determination of who is a Highly Compensated Employee will be made in
       accordance with Section 414(q) of the Code and the IRS Regulations
       thereunder.

       A highly compensated former employee is based on the rules applicable to

                                       8

<PAGE>

       determining Highly Compensated Employee status as in effect for that
       determination year, in accordance with section 1.414(q)-1T, A-4 of the
       temporary Income Tax Regulations and IRS Notice 97-45.

       In determining whether an employee is a Highly Compensated Employee for
       years beginning in 1997, the amendments to section 414(q) stated above
       are treated as having been in effect for years beginning in 1996.

  (T)  "Hour of Employment" means each hour during which an Employee performs
       service (or is treated as performing service as required by law) for the
       Employer and, except in the case of military service, for which he is
       directly or

                                       9

<PAGE>

        indirectly paid, or entitled to payment, by the Employer (including any
        back pay irrespective of mitigation of damages), all as determined in
        accordance with applicable DOL Regulations.

  (U)   "Investment Manager" means any Fiduciary other than a Trustee or Named
        Fiduciary who (i) has the power to manage, acquire or dispose of any
        asset of the Plan; (ii) is (a) registered as an investment advisor under
        the Investment Advisors Act of 1940; (b) is a bank, as defined in such
        Act, or (c) is an insurance company qualified to perform the services
        described in clause (i) hereof under the laws of more than one state of
        the United States; and (iii) has acknowledged in writing that he is a
        Fiduciary with respect to the Plan.

  (V)   "IRS" means the United States Internal Revenue Service.

  (W)   "Leave of Absence" means an absence authorized by an Employee's Employer
        and approved by the Plan Administrator, on a uniform basis, in
        accordance with Article X.

  (X)   "Member" means an Employee enrolled in the membership of the Plan under
        Article II.

  (Y)   "Month" means any calendar month.

  (Z)   "Named Fiduciary" means the Fiduciary or Fiduciaries named herein or in
        the Adoption Agreement who jointly or severally have the authority to
        control and manage the operation and administration of the Plan.

  (AA)  "Non-highly Compensated Employee" means an Employee who is not a Highly
        Compensated Employee.

  (BB)  "Normal Retirement Age" means the Member's sixty-fifth (65th) birthday
        unless otherwise specified in the Adoption Agreement.

  (CC)  "Period of Service" means the aggregate of all periods commencing with
        the Employee's first day of employment or reemployment with the Employer
        and ending on the date a Break in Service begins. The first day of
        employment or reemployment is the first day the Employee performs an
        Hour of Employment.

                                       10

<PAGE>

          An Employee will also receive credit for any Period of Severance of
          less than 12 consecutive months, provided that the Employee returns to
          Employment within 12 months of the Employee's retirement, quit or
          discharge or, if earlier, within 12 months of the date the Employee
          was first absent from service for any other reason.

     (DD) "Period of Severance" means a continuous period of time during which
          the Employee is not employed by the Employer. Such period begins on
          the date the Employee retires, quits or is discharged, or if earlier,
          the 12 month anniversary of the date on which the Employee was
          otherwise first absent from service.

          In the case of an individual who is absent from work for maternity or
          paternity reasons, the 12-consecutive month period beginning on the
          first anniversary of the first day of such absence shall not
          constitute a Break in Service. For purposes of this paragraph, an
          absence from work for maternity or paternity reasons means an absence
          (a) by reason of the pregnancy of the individual, (b) by reason of the
          birth of a child of the individual, (c) by reason of the placement of
          a child with the individual in connection with the adoption of such
          child by such individual, or (d) for purposes of caring for such child
          for a period beginning immediately following such birth or placement.

     (EE) "Plan" means the Employees' Savings & Profit Sharing Plan as evidenced
          by this document, the applicable Adoption Agreement and all subsequent
          amendments thereto.

     (FF) "Plan Administrator" means the Named Fiduciary or, as designated by
          such Named Fiduciary and approved by the Board in accordance with
          Article IX, any officer or Employee of the Employer.

     (GG) "Plan Year" means a consecutive 12-month period ending December 31
          unless otherwise specified in the Adoption Agreement.

     (HH) "Regulations" means the applicable regulations issued under the Code,
          ERISA or other applicable law, by the IRS, the DOL or any other
          governmental authority and any proposed or temporary regulations or
          rules promulgated by such authorities pending the issuance of such
          regulations.

     (II) "Salary" means regular basic monthly salary or wages, exclusive of
          special payments such as overtime, bonuses, fees, deferred
          compensation (other than pre-tax elective deferrals pursuant to a
          Member's election under Article III),

                                       11

<PAGE>

          severance payments, and contributions by the Employer under this or
          any other plan (other than before-tax contributions made on behalf of
          a Member under a Code Section 125 cafeteria plan and, effective for
          Plan Years beginning on or after January 1, 2001, qualified
          transportation fringe benefits under Code Section 132(f), unless the
          Employer specifically elects to exclude such contributions or
          benefits). Commissions shall be included at the Employer's option
          within such limits, if any, as may be set by the Employer in the
          Adoption Agreement and applied uniformly to all its commissioned
          Employees. In addition, Salary may also include, at the Employer's
          option, special payments such as (i) overtime or (ii) overtime plus
          bonuses. As an alternative to the foregoing definition, at the
          Employer's option, Salary may be defined to include total taxable
          compensation reported on the Member's IRS Form W-2, plus deferrals, if
          any, pursuant to Section 401(k) and Section 125 of the Code, plus,
          effective for Plan Years beginning on or after January 1, 2001,
          qualified transportation fringe benefits under Code Section 132(f)
          (unless the Employer specifically elects to exclude such Section 125
          deferrals or Section 132(f) amounts), but excluding compensation
          deferred from previous years. In no event may a Member's Salary for
          any Plan Year exceed for purposes of the Plan $150,000 (adjusted for
          cost of living to the extent permitted by the Code and the IRS
          Regulations).

          For Plan Years beginning after December 31, 1996, the family member
          aggregation rules of Code Section 414(q)(6) (as in effect prior to the
          Small Business Job Protection Act of 1996) are eliminated.

     (JJ) "Social Security Taxable Wage Base" means the contribution and benefit
          base attributable to the OASDI portion of Social Security employment
          taxes under Section 230 of the Social Security Act (42 U.S.C. (S)430)
          in effect on the first day of each Plan Year.

     (KK) "Spouse" or "Surviving Spouse" means the individual to whom a Member
          or former Member was married on the date such Member withdraws his
          Account, or if such Member has not withdrawn his Account, the
          individual to whom the Member or former Member was married on the date
          of his death.

     (LL) "Third Party Administrator" or "TPA" means Pentegra Services, Inc., a
          non-fiduciary provider of administrative services appointed and
          directed by the Plan Administrator or the Named Fiduciary either
          jointly or severally.

     (MM) "Trust" means the Trust or Trusts established and maintained pursuant
          to the terms and provisions of this document and any separately
          maintained Trust Agreement or Agreements.

                                       12

<PAGE>

     (NN) "Trustee" generally means the person, persons or other entities
          designated by the Employer or its Board as the Trustee or Trustees
          hereof and specified as such in the Adoption Agreement and any
          separately maintained Trust Agreement or Agreements.

     (OO) "Trust Agreement" means the separate document by which the Employer or
          its Board has appointed a Trustee of the Plan, specified the terms and
          conditions of such appointment and any fees associated therewith.

     (PP) "Trust Fund" means the Trust Fund or Funds established by the Trust
          Agreement or Agreements.

     (QQ) "Unit" means the unit of measure described in Article V of a Member's
          proportionate interest in the available Investment Funds (as defined
          in Article IV).

     (RR) "Valuation Date" means any business day of any month for the Trustee,
          except that in the event the underlying portfolio(s) of any Investment
          Fund cannot be valued on such date, the Valuation Date for such
          Investment Fund shall be the next subsequent date on which the
          underlying portfolio(s) can be valued. Valuations shall be made as of
          the close of business on such Valuation Date(s).

     (SS) "Year of Employment" means a period of service of 12 months.

     (TT) "Year of Service" means any Plan Year during which an individual
          completed at least 1,000 Hours of Employment, or satisfied any
          alternative requirement, as determined by the Plan Administrator in
          accordance with any applicable Regulations issued by the DOL and the
          IRS.

     (UU) "Year of Eligibility Service" means where an Employer designates a one
          or two 12-consecutive-month eligibility waiting period, an Employee
          must complete at least 1,000 Hours of Employment during each
          12-consecutive-month period (measured from his date of Employment and
          then as of the first day of each Plan Year commencing after such date
          of Employment); provided, however, if an Employee is credited with
          1,000 Hours of Employment in both the initial eligibility computation
          period and the first Plan Year which commences prior to the first
          anniversary of the Employee's employment commencement date, the
          Employee will be credited, for eligibility purposes, with two Years of
          Eligibility Service. Where an Employer designates an eligibility
          waiting period of less than 12 months, an Employee must, for purposes
          of eligibility, complete a required number of hours (measured from his
          date of Employment and each anniversary thereafter) which is arrived
          at by multiplying the number of months in the eligibility waiting
          period requirement by 83 1/3; provided, however, if an Employee
          completes at least 1,000 Hours of Employment within the 12

                                       13

<PAGE>

     month period commencing on his Employment commencement date or during any
     Plan Year commencing after such Employment commencement date, such Employee
     will be treated as satisfying the eligibility service requirements.

Section 1.3

The masculine pronoun wherever used shall include the feminine pronoun.

                                       14

<PAGE>

                                   ARTICLE II
                          PARTICIPATION AND MEMBERSHIP

Section 2.1       Eligibility Requirements

The Employer may elect as a requirement for eligibility to participate in the
Plan (i) the completion of a service period equal to any number of months not to
exceed 12 consecutive months, or (ii) the completion of a service period equal
to one or two 12-consecutive-month periods, and/or (iii) if the Employer so
elects, it may adopt a minimum age requirement from age 18 to age 21. Such
election shall be made and reflected on the Adoption Agreement. Notwithstanding
the foregoing, in the case of an Employer that adopts the 401(k) feature under
Section 3.9, the eligibility requirements under such feature shall not exceed
the period described in clause (i) above, and, at the election of the Employer,
attainment of age 21 as described in clause (iii) above.

Notwithstanding the foregoing, the Employer may elect in the Adoption Agreement
to establish as an eligibility requirement (as a minimum service requirement,
minimum age requirement, or both) for Employer matching contributions, Employer
basic contributions Employer supplemental contributions, and/or Employer Profit
Sharing contributions (i) the completion of any number of months not to exceed
12 consecutive months, or (ii) the completion of one or two 12-consecutive-month
periods, and/or (iii) if the Employer so elects, it may adopt a minimum age
requirement from age 18 to age 21. Such election shall be made and reflected in
the Adoption Agreement.

In implementing the eligibility service periods described above, (i) if an
Employer designates in the Adoption Agreement an eligibility service crediting
method based on the hours of service method, the satisfaction of the eligibility
service requirement shall be dependent on the completion of a Year of
Eligibility Service and (ii) if an Employer designates in the Adoption Agreement
an eligibility service crediting method based on the elapsed time method, the
satisfaction of the eligibility service requirement shall be dependent on the
completion of the requisite Period of Service.

If a non-vested Member terminates employment without a vested interest in his
Account derived from Employer contributions, Years of Employment (or, as
applicable, Years of Service) before a period of consecutive Breaks in Service
will not be taken into account for eligibility purposes if the number of
consecutive Breaks in Service in such period equals or exceeds the greater of
five or the aggregate number of Years of Employment (or, as applicable Years of
Service) before such break. If a Member's service is disregarded

                                       15

<PAGE>

pursuant to this paragraph, such Member will be treated as a new Employee for
eligibility purposes.

Section 2.2 Exclusion of Certain Employees

To the extent provided in the Adoption Agreement, the following Employees may be
excluded from participation in the Plan:

   (i)   Employees not meeting the age and service requirements;

   (ii)  Employees who are included in a unit of Employees covered by a
         collective bargaining agreement between the Employee representatives
         and one or more Employers if there is evidence that retirement benefits
         were the subject of good faith bargaining between such Employee
         representatives and such Employer(s). For this purpose, the term
         "Employee representative" does not include any organization where more
         than one-half of the membership is comprised of owners, officers and
         executives of the Employer;

   (iii) Employees who are non-resident aliens and who receive no earned income
         from the Employer which constitutes income from sources within the
         United States; and

   (iv)  Employees described in Section 2.4 or included in any other ineligible
         job classifications set forth in the Adoption Agreement.

Section 2.3 Waiver of Eligibility Requirements

The Employer, at its election, may waive the eligibility requirement(s) for
participation specified above for (i) all Employees, or (ii) all those employed
on or up to 12 months after its Commencement Date under the Plan. Subject to the
requirements of the Code, the eligibility waiting period shall be deemed to have
been satisfied for an Employee who was previously a Member of the Plan.

All Employees whose Employment commences after the expiration date of the
Employer's waiver of the eligibility requirement(s), if any, shall be enrolled
in the Plan in accordance with the eligibility requirement(s) specified in the
Adoption Agreement.

                                       16

<PAGE>

Section 2.4 Exclusion of Non-Salaried Employees

The Employer, at its election, may exclude non-salaried (hourly paid) Employees
from participation in the Plan, regardless of the number of Hours of Employment
such Employees complete in any Plan Year. Notwithstanding the foregoing, for
purposes of this Section and all purposes under the Plan, a non-salaried
Employee that is hired following the adoption date of the Plan by the Employer,
but prior to the adoption of this exclusion by the Employer, shall continue to
be deemed to be an Employee and will continue to receive benefits on the same
basis as a salaried Member, despite classification as a non-salaried Employee.

Section 2.5 Commencement of Participation

Every eligible Employee (other than non-salaried or such other Employees who, at
the election of the Employer, are excluded from participation) shall commence
participation in the Plan on the later of:

(1)  The Employer's Commencement Date, or

(2)  The first day of the month or calendar quarter (as designated by the
     Employer in the Adoption Agreement) coinciding with or next following his
     satisfaction of the eligibility requirements as specified in the Adoption
     Agreement.

The date that participation commences shall be hereinafter referred to as the
Enrollment Date. Notwithstanding the above, no Employee shall under any
circumstances become a Member unless and until his enrollment application is
filed with, and accepted by, the Plan Administrator. The Plan Administrator
shall notify each Employee of his eligibility for membership in the Plan and
shall furnish him with an enrollment application in order that he may elect to
make or receive contributions on his behalf under Article III at the earliest
possible date consonant with this Article.

If an Employee fails to complete the enrollment form furnished to him, the Plan
Administrator shall do so on his behalf. In the event the Plan Administrator
processes the enrollment form on behalf of the Employee, the Employee shall be
deemed to have elected not to make any contributions and/or elective deferrals
under the Plan, if applicable.

In the event a Member is no longer a member of an eligible class of employees
and becomes ineligible to participate but has not incurred a break in service,
such Employee will participate immediately upon returning to an eligible class
of employees. If such Member incurs a break in service, eligibility will be
determined under the break in service rules of the

                                       17

<PAGE>

Plan.

In the event an Employee who is not a member of an eligible class of employees
becomes a member of an eligible class, such Employee will participate
immediately if such Employee has satisfied the minimum age and service
requirements and would have otherwise previously become a Member.

Section 2.6 Termination of Participation

Membership under all features and provisions of the Plan shall terminate upon
the earlier of (a) a Member's termination of Employment and payment to him of
his entire vested interest, or (b) his death.

                                       18

<PAGE>

                                   ARTICLE III
                                  CONTRIBUTIONS

Section 3.1       Contributions by Members

If the Adoption Agreement so provides, each Member may elect to make
non-deductible, after-tax contributions under the Plan, based on increments of
1% of his Salary, provided the amount thereof, when aggregated with the amount
of any pre-tax effective deferrals, does not exceed the limit established by the
Employer in the Adoption Agreement. All such after-tax contributions shall be
separately accounted for, nonforfeitable and distributed with and in addition to
any other benefit to which the Member is entitled hereunder. A Member may change
his contribution rate as designated in the Adoption Agreement, but reduced or
suspended contributions may not subsequently be made up.

Section 3.2       Elective Deferrals by Members

If the Adoption Agreement so provides, each Member may elect to make pre-tax
elective deferrals (401(k) deferrals) under the Plan, based on increments of 1%
of his Salary, provided the amount thereof, when aggregated with the amount of
any after-tax contributions, does not exceed the limit established by the
Employer in the Adoption Agreement. Alternatively, a Member may elect to
contribute for a Plan Year a dollar amount which does not exceed the maximum
amount permitted under this Section 3.2 or the limit established by the Employer
in the Adoption Agreement for such Plan Year and a pro-rata portion shall be
withheld from each payment of Salary to such Member for the balance of the Plan
Year remaining after the election takes effect. All such 401(k) deferrals shall
be separately accounted for, nonforfeitable and distributed under the terms and
conditions described under Article VII with and in addition to any other benefit
to which the Member is entitled hereunder. A Member may change his 401(k)
deferral rate or suspend his 401(k) deferrals as designated in the Adoption
Agreement, but reduced or suspended deferrals may not subsequently be made up.

Notwithstanding any other provision of the Plan, no Member may make 401(k)
deferrals during any Plan Year in excess of $7,000 multiplied by the adjustment
factor as provided by the Secretary of the Treasury. The adjustment factor shall
mean the cost of living adjustment factor prescribed by the Secretary of the
Treasury under Section 402(g)(5) of the Code for years beginning after December
31, 1987, as applied to such items and in such manner as the Secretary shall
provide. In the event that the aggregate amount of such 401(k) deferrals for a
Member exceeds the limitation in the previous sentence, the

                                       19

<PAGE>

amount of such excess, increased by any income and decreased by any losses
attributable thereto, shall be refunded to such Member no later than the April
15 of the Plan Year following the Plan Year for which the 401(k) deferrals were
made. If a Member also participates, in any Plan Year, in any other plans
subject to the limitations set forth in Section 402(g) of the Code and has made
excess 401(k) deferrals under this Plan when combined with the other plans
subject to such limits, to the extent the Member, in writing designates to the
TPA any 401(k) deferrals under this Plan as excess deferrals by no later than
the March 1 of the Plan Year following the Plan Year for which the 401(k)
deferrals were made, the amount of such designated excess, increased by any
income and decreased by any losses attributable thereto, shall be refunded to
the Member no later than the April 15 of the Plan Year following the Plan Year
for which the 401(k) deferrals were made.

Section 3.3       Transfer of Funds and Rollover Contributions by Members

Each Member may elect to make, directly or indirectly, a rollover contribution
to the Plan of amounts held on his behalf in (i) an employee benefit plan
qualified under Section 401(a) of the Code, or (ii) an individual retirement
account or annuity as described in Section 408(d)(3) of the Code. All such
amounts shall be certified in form and substance satisfactory to the Plan
Administrator by the Member as being all or part of an "eligible rollover
distribution" or a "rollover contribution" within the meaning of Section
402(c)(4) or Section 408(d)(3), respectively, of the Code. Such rollover
amounts, along with the earnings related thereto, will be accounted for
separately from any other amounts in the Member's Account. A Member shall have a
nonforfeitable vested interest in all such rollover amounts.

The Employer may, at its option, permit Employees who have not satisfied the
eligibility requirements designated in the Adoption Agreement to make a rollover
contribution to the Plan.

The Trustee of the Plan may also accept a direct transfer of funds, which meets
the requirements of Section 1.411(d)-4 of the IRS Regulations, from a plan which
the Trustee reasonably believes to be qualified under Section 401(a) of the Code
in which an Employee was, is, or will become, as the case may be, a participant.
If the funds so directly transferred are transferred from a retirement plan
subject to Code Section 401(a)(11), then such funds shall be accounted for
separately and any subsequent distribution of those funds, and earnings thereon,
shall be subject to the provisions of Section 7.3 which are applicable when an
Employer elects to provide an annuity option under the Plan.

Section 3.4       Employer Contributions - General

The Employer may elect to make regular or discretionary contributions under the
Plan.

                                       20

<PAGE>

Such Employer contributions may be in the form of (i) matching contributions,
(ii) basic contributions, (iii) safe harbor CODA contributions and/or (iv)
profit sharing contributions as designated by the Employer in the Adoption
Agreement and/or (i) supplemental contributions and/or (ii) qualified
nonelective contributions as permitted under the Plan. Each such contribution
type shall be separately accounted for by the TPA.

Section 3.5       Employer Matching Contributions

The Employer may elect to make regular matching contributions under the Plan.
Such matching contributions on behalf of any Member shall be conditioned upon
the Member making after-tax contributions under Section 3.1 and/or 401(k)
deferrals under Sections 3.2 and 3.9.

If so adopted, the Employer shall contribute under the Plan on behalf of each of
its Members an amount equal to a percentage (as specified by the Employer in the
Adoption Agreement) of the Member's after-tax contributions and/or 401(k)
deferrals not in excess of a maximum percentage as specified by the Employer in
the Adoption Agreement (in increments of 1%) of his Salary. The percentage
elected by the Employer shall based on a formula not to exceed 200% or in
accordance with one of the schedules of matching contribution formulas listed
below, and must be uniformly applicable to all Members.

                                 Years of Employment            Matching %
                                 -------------------            ----------
        Formula Step 1         Less than 3                          50%
                               At least 3 but less than 5           75%
                               5 or more                           100%

        Formula Step 2         Less than 3                         100%
                               At least 3 but less than 5          150%
                               5 or more                           200%

Section 3.6       Employer Basic Contributions

The Employer may elect to make regular basic contributions under the Plan. Such
basic contributions on behalf of any Member shall not be conditioned upon the
Member making after-tax contributions and/or (401(k) deferrals under this
Article III. If so adopted, the Employer shall contribute to the Plan on behalf
of each Member (as specified by the Employer in the Adoption Agreement) an
amount equal to a percentage not to exceed 15% (as specified by the Employer in
the Adoption Agreement) in increments of 1% of the Member's Salary. The
percentage elected by the Employer shall be uniformly applicable to all Members.
The Employer may elect, if basic contributions are made on behalf of its Members
on a monthly basis, to restrict the allocation of such basic contribution to
those Members who were employed with the Employer on the last day of the month
for which the basic contribution is made.

                                       21

<PAGE>

Section 3.7       Supplemental Contributions by Employer

An Employer may, at its option, make a supplemental contribution under Formula
(1) or (2) below:

Formula (1)       A uniform percentage (as specified by the Employer) of each
                  Member's contributions not in excess of a maximum percentage
                  (if the Employer elects to impose such a maximum) of the
                  Member's Salary which were received by the Plan during the
                  Plan Year with respect to which the supplemental contribution
                  relates. If the Employer elects to make such a supplemental
                  contribution, it shall be made on or before the last day of
                  the second month in the Plan Year following the Plan Year
                  described in the preceding sentence on behalf of all those
                  Members who were employed with the Employer on the last
                  working day of the Plan Year with respect to which the
                  supplemental contribution relates.

Formula (2)       A uniform dollar amount per Member or a uniform percentage
                  (limited to a specific dollar amount, if elected by the
                  Employer) of each Member's Salary for the Plan Year (or, at
                  the election of the Employer, the Employer's fiscal year) to
                  which the supplemental contribution relates. If the Employer
                  elects to make such a supplemental contribution, it shall be
                  made within the time prescribed by law, including extensions
                  of time, for filing of the Employer's federal income tax
                  return on behalf of all those Members who were employed with
                  the Employer on the last working day of the Plan Year (or the
                  fiscal year) to which the supplemental contribution relates.
                  The Employer may, at its option, elect to make a contribution
                  under this paragraph to only those Members whose Salary is
                  less than an amount to be specified by the Employer to the
                  extent that such Salary limit is less than the dollar amount
                  under Section 414(q) of the Code for such year. The percentage
                  contributed under this Formula (2) shall be limited in
                  accordance with the Employer's matching formula and basic
                  contribution rate, if any, under this Article such that the
                  sum of the Employer's Formula (2) supplemental contribution
                  plus all other Employer contributions under this Article shall
                  not exceed 15% of Salary for such year.

Section 3.8       The Profit Sharing Feature

An Employer may, at its option, adopt the Profit Sharing Feature as described
herein, subject to any other provisions of the Plan, where applicable. This
Feature may be adopted either in lieu of, or in addition to, any other Plan
Feature contained in this Article III. The Profit Sharing Feature is designed to
provide the Employer a means by which to provide

                                       22

<PAGE>

discretionary contributions on behalf of Employees eligible under the Plan.

If this Profit Sharing Feature is adopted, the Employer may contribute on behalf
of each of its eligible Members, on an annual (or at the election of the
Employer, quarterly) basis for any Plan Year or fiscal year of the Employer (as
the Employer shall elect), a discretionary amount not to exceed the maximum
amount allowable as a deduction to the Employer under the provisions of Section
404 of the Code, and further subject to the provisions of Article X.

Any such profit sharing contribution must be received by the Trustee within the
time prescribed by law, including extensions of time, for filing of the
Employer's federal income tax return following the close of the Contribution
Determination Period on

                                       23

<PAGE>

behalf of all those Members who are entitled to an allocation of such profit
sharing contribution as set forth in the Adoption Agreement. For purposes of
making the allocations described in this paragraph, a Member who is on a Type 1
nonmilitary Leave of Absence (as defined in Sections 1.2(W) and 10.8(B)(1)) or a
Type 4 military Leave of Absence (as defined in Sections 1.2(W) and 10.8(B)(4))
shall be treated as if he were a Member who was an Employee in Employment on the
last day of such Contribution Determination Period.

Profit sharing contributions shall be allocated to each Member's Account for the
Contribution Determination Period at the election of the Employer, in accordance
with one of the following options:

Profit Sharing Formula 1 -   In the same ratio as each Member's Salary during
                             such Contribution Determination Period bears to the
                             total of such Salary of all Members.

Profit Sharing Formula 2 -   In the same ratio as each Member's Salary for the
                             portion of the Contribution Determination Period
                             during which the Member satisfied the Employer's
                             eligibility requirement(s) bears to the total of
                             such Salary of all Members.

The Employer may integrate the Profit Sharing Feature with Social Security in
accordance with the following provision. The annual (or quarterly, if
applicable) profit sharing contributions for any Contribution Determination
Period (which period shall include, for the purposes of the following maximum
integration levels provided hereunder where the Employer has elected quarterly
allocations of contributions, the four quarters of a Plan Year or fiscal year)
shall be allocated to each Member's Account at the election of the Employer, in
accordance with one of the following options:

Profit Sharing Formula 3 -   In a uniform percentage (as specified by the
                             Employer in the Adoption Agreement) of each
                             Member's Salary during the Contribution
                             Determination Period (the "Base Contribution
                             Percentage"), plus a uniform percentage (as
                             specified by the Employer in the Adoption
                             Agreement) of each Member's Salary for the
                             Contribution Determination Period in excess of the
                             Social Security Taxable Wage Base for such
                             Contribution Determination Period (the "Excess
                             Contribution Percentage").

Profit Sharing Formula 4 -   In a uniform percentage (as specified by the
                             Employer in the Adoption Agreement) of each
                             Member's Salary for the portion of the Contribution
                             Determination Period during which the Member
                             satisfied the Employer's eligibility
                             requirement(s), if any, up to the Base Contribution
                             Percentage for such

                                       24

<PAGE>

                             Contribution Determination Period, plus a uniform
                             percentage (as specified by the Employer in the
                             Adoption Agreement) of each Member's Salary for the
                             portion of the Contribution Determination Period
                             during which the Member satisfied the Employer's
                             eligibility requirement(s), equal to the Excess
                             Contribution Percentage.

The Excess Contribution Percentage described in Profit Sharing Formulas 3 and 4
above may not exceed the lesser of (i) the Base Contribution Percentage, or (ii)
the greater of (1) 5.7% or (2) the percentage equal to the portion of the Code
Section 3111(a) tax imposed on employers under the Federal Insurance
Contributions Act (as in effect as of the beginning of the Plan Year) which is
attributable to old-age insurance. For purposes of this Subparagraph,
"compensation" as defined in Section 414(s) of the Code shall be substituted for
"Salary" in determining the Excess Contribution Percentage and the Base
Contribution Percentage.

Notwithstanding the foregoing, the Employer may not adopt the Social Security
integration options provided above if any other integrated defined contribution
or defined benefit plan is maintained by the Employer during any Contribution
Determination Period.

Section 3.9    The 401(k) Feature

The Employer may, at its option, adopt the 401(k) Feature described hereunder
and in Section 3.2 above for the exclusive purpose of permitting its Members to
make 401(k) deferrals to the Plan.

The Employer may make, apart from any matching contributions it may elect to
make, Employer qualified nonelective contributions as defined in Section
1.401(k)-1(g)(13) of the Regulations. The amount of such contributions shall not
exceed 15% of the Salary of all Members eligible to share in the allocation when
combined with all Employer contributions (including 401(k) elective deferrals)
to the Plan for such Plan Year. Allocation of such contributions shall be made,
at the election of the Employer, to the accounts of (i) all Members, or (ii)
only Members who are not Highly Compensated Employees. Allocation of such
contributions shall be made, at the election of the Employer, in the ratio (i)
which each eligible Member's Salary for the Plan Year bears to the total Salary
of all eligible Members for such Plan Year, or (ii) which each eligible Member's
Salary not in excess of a fixed dollar amount specified by the Employer for the
Plan Year bears to the total Salary of all eligible Members taking into account
Salary for each such Member not in excess of the specified

                                       25

<PAGE>

dollar amount. Notwithstanding any provision of the Plan to the contrary, such
contributions shall be subject to the same vesting requirements and distribution
restrictions as Members' 401(k) deferrals and shall not be conditioned on any
election or contribution of the Member under the 401(k) feature. Any such
contributions must be made on or before the last day of the second month after
the Plan Year to which the contribution relates. Further, for purposes of the
actual deferral percentage or actual contribution percentage tests described
below, the Employer may apply (in accordance with applicable Regulations) all or
any portion of the Employer qualified nonelective contributions for the Plan
Year toward the satisfaction of the actual deferral percentage test. Any
remaining Employer qualified nonelective contributions not utilized to satisfy
the actual deferral percentage test may be applied (in accordance with
applicable Regulations) to satisfy the actual contribution percentage test.

Effective for Plan Years beginning after December 31, 1996, the actual deferral
percentages for Highly Compensated Employees shall, in accordance with the Code
and IRS Regulations, satisfy either (i) or (ii) as follows:

(i)     Prior Year Testing:

        Notwithstanding any other provision of this 401(k) Feature, the actual
        deferral percentage for a Plan Year for Members who are Highly
        Compensated Employees for such Plan Year and the prior year's actual
        deferral percentage for Members who were Non-Highly Compensated
        Employees for the prior Plan Year must satisfy one of the following
        tests:

        (a)      the actual deferral percentage for a Plan Year for Members who
                 are Highly Compensated Employees for the Plan Year shall not
                 exceed the prior year's actual deferral percentage of those
                 Members who are not Highly Compensated Employees for the prior
                 Plan Year multiplied by 1.25; or

        (b)      the actual deferral percentage for a Plan Year for Members who
                 are Highly Compensated Employees for the Plan Year shall not
                 exceed the prior year's actual deferral percentage for Members
                 who were Non-Highly Compensated Employees for the prior Plan
                 Year multiplied by 2.0, provided that the actual deferral
                 percentage for Members who are Highly Compensated Employees
                 does not exceed the actual deferral percentage for Members who
                 were Non-Highly Compensated Employees in the prior Plan Year by
                 more than 2 percentage points. This determination shall be made
                 in accordance with the procedure described in Section 3.10
                 below.

        For the first Plan Year that the Plan permits any Member to make
        elective deferrals and this is not a successor plan, for purposes of
        the foregoing tests, the prior year's Non-Highly Compensated
        Employees' actual deferral percentage shall be 3 percent

                                       26

<PAGE>

        unless the Employer has elected in the Adoption Agreement to use the
        current Plan Year's actual deferral percentage for these Members. The
        Employer may elect in the Adoption Agreement to change from the Prior
        Year Testing method to the Current Year Testing method in accordance
        with the Code and IRS Regulations.

(ii)    Current Year Testing:

        If elected by the Employer in the Adoption Agreement, the actual
        deferral percentage tests in (a) and (b) above, will be applied by
        comparing the current Plan Year's actual deferral percentage for Members
        who are Highly Compensated Employees for such Plan Year with the current
        Plan Year's actual deferral percentage for Members who are Non-Highly
        Compensated Employees for such year. Once made, this election can only
        be changed and the Prior Year Testing method applied if the Plan meets
        the requirements for changing to Prior Year Testing set forth in IRS
        Notice 98-1 (or superseding guidance).

A Member is a Highly Compensated Employee for a particular Plan Year if he meets
the definition of a Highly Compensated Employee in effect for that Plan Year.
Similarly, a Member is a Non-highly Compensated Employee for a particular Plan
Year if he does not meet the definition of a Highly Compensated Employee in
effect for that Plan Year.

Section 3.10   Determining the Actual Deferral Percentages

For purposes of this 401(k) Feature, the actual deferral percentage for a Plan
Year means, for a specified group of Members for a Plan Year, the average of the
ratios (calculated separately for each Member in such group) of (a) the amount
of 401(k) deferrals (including, as provided in Section 3.9, any Employer
qualified nonelective contributions) made to the Member's account for the Plan
Year, to (b) the amount of the Member's compensation (as defined in Section
414(s) of the Code) for the Plan Year or, alternatively, where specifically
elected by the Employer, for only that part of the Plan Year during which the
Member was eligible to participate in the Plan.

An Employee's actual deferral percentage shall be zero if no 401(k) deferral
(or, as provided in Section 3.9, Employer qualified nonelective contribution) is
made by him or on his behalf for such applicable Plan Year. If the Plan and one
or more other plans which include cash or deferred arrangements are considered
as one plan for purposes of Sections 401(a)(4) and 410(b) of the Code, the cash
or deferred arrangements included in such plans shall be treated as one
arrangement for purposes of this 401(k) Feature.

                                       27

<PAGE>

The TPA shall determine as of the end of the Plan Year whether one of the actual
deferral percentage tests specified in Section 3.9 above is satisfied for such
Plan Year. This determination shall be made after first determining the
treatment of excess deferrals within the meaning of Section 402(g) of the Code
under Section 3.2 above. In the event that neither of such actual deferral
percentage tests is satisfied, the TPA shall, to the extent permissible under
the Code and the IRS Regulations, refund the excess contributions for the Plan
Year in the following order of priority: by (i) refunding such amounts deferred
by the Member which were not matched by his Employer (and any earnings and
losses allocable thereto), and (ii) refunding amounts deferred for such Plan
Year by the Member (and any earnings and losses allocable thereto), and, to the
extent permitted under the Code and applicable IRS Regulations, forfeiting
amounts contributed for such Plan Year by the Employer with respect to the
Member's 401(k) deferrals that are returned pursuant to this Paragraph (and any
earnings and losses allocable thereto).

The distribution of such excess contributions shall be made to Highly
Compensated Employees to the extent practicable before the 15th day of the third
month immediately following the Plan Year for which such excess contributions
were made, but in no event later than the end of the Plan Year following such
Plan Year or, in the case of the termination of the Plan in accordance with
Article XI, no later than the end of the twelve-month period immediately
following the date of such termination.

For purposes of this 401(k) Feature, "excess contributions" means, with respect
to any Plan Year, the excess of the aggregate amount of 401(k) deferrals (and
any other amounts contributed by the Employer that are taken into account in
determining the actual deferral percentage of Highly Compensated Employees for
such Plan Year) (collectively, "401(k) amounts") made to the accounts of Highly
Compensated Employees for such Plan Year, over the maximum amount of such
deferrals that could be made by such Members without violating the requirements
described above. The excess contributions to be distributed shall be determined
by reducing 401(k) amounts made by or on behalf of Highly Compensated Employees
beginning with the Highly Compensated Employee with the largest 401(k) amounts
for the Plan Year until such amount is reduced to be equal to the Highly
Compensated Employee with the next largest 401(k) amount. The procedure
described in the preceding sentence shall be repeated until all excess
contributions have been eliminated and, as applicable, refunded.

Where an Employer has elected, in the Adoption Agreement, to allow Member
contributions, a Member may treat excess contributions allocated to him as an
amount distributed to the Member and then contributed by the Member to the Plan.
Recharacterized amounts will remain nonforfeitable. Amounts may not be
recharacterized by a Highly Compensated Employee to the extent that such amount
in combination with other Employee contributions made by that Employee would
exceed any stated limit under

                                       28

<PAGE>

the Plan on Employee contributions.

Recharacterization must occur no later than 2 1/2 months after the last day of
the Plan Year in which such excess contributions arose and is deemed to occur no
earlier than the date the last Highly Compensated Employee is informed in
writing of the amount recharacterized and the consequences thereof.
Recharacterized amounts will be taxable to the Member for the Member's taxable
year in which the Member would have received them in cash.

Section 3.11   Determining the Actual Contribution Percentages

Notwithstanding any other provision of this Section 3.11, effective for Plan
Years beginning after December 31, 1996, the actual contribution percentage for
the Plan Year for Highly Compensated Employees shall, in accordance with the
Code and IRS Regulations, satisfy either (i) or (ii) as follows:

   (i)    Prior Year Testing

          (a)  the actual contribution percentage for a Plan Year for Members
               who are Highly Compensated Employees for the Plan Year shall not
               exceed the prior Plan Year's actual contribution percentage for
               Members who were Non-Highly Compensated Employees for the prior
               Plan Year multiplied by 1.25, or

          (b)  the actual contribution percentage for Members who are Highly
               Compensated Employees for the Plan Year shall not exceed the
               prior year's actual contribution percentage for Members who
               were Non-Highly Compensated Employees for the prior Plan Year
               multiplied by 2, provided that the actual contribution
               percentage for Members who are Highly Compensated Employees
               does not exceed the actual contribution percentage for
               Members who were Non-Highly Compensated Employees in the
               prior Plan Year by more than 2 percentage points.

          For the first Plan Year this Plan permits any Member to make after-tax
          contributions pursuant to Section 3.1, provides for Employer
          matching contributions (pursuant to Section 3.5), or both, and this
          is not a successor plan, for purposes of the foregoing tests, the
          prior Plan Year's Non-Highly Compensated Employees' actual
          contribution percentage shall be 3 percent unless the Employer has
          elected in the Adoption Agreement to use the current Plan Year's
          actual contribution percentage for these Members.

  (ii)    Current Year Testing

          If elected by the Employer in the Adoption Agreement, the actual
          contribution percentage tests in (a) and (b), above, will be applied
          by comparing the current Plan

                                       29

<PAGE>

            Year's actual contribution percentage for Members who are Highly
            Compensated Employees for such Plan Year with the current Plan
            Year's actual contribution percentage for Members who are Non-Highly
            Compensated Employees for such year. Once made, this election can
            only be changed and the Prior Year Testing method applied if the
            Plan meets the requirements for changing to Prior Year Testing set
            forth in IRS Notice 98-1 (or superseding guidance).

            For purposes of this Article III, the "actual contribution
            percentage" for a Plan Year means for a specified group of
            Employees, the average of the ratios (calculated separately for each
            Employee in such group) of (A) the sum of (i) Member after-tax
            contributions credited to his Account for the Plan Year, (ii)
            Employer matching contributions and/or supplemental contributions
            under Formula 1 credited to his Account as described in this Article
            for the Plan Year, and (iii) in accordance with and to the extent
            permitted by the IRS Regulations, 401(k) deferrals (and, as provided
            in Section 3.9, any Employer qualified nonelective contributions)
            credited to his Account, to (B) the amount of the Member's
            compensation (as defined in Section 414(s) of the Code) for the Plan
            Year or, alternatively, where specifically elected by the Employer,
            for only that part of the Plan Year during which the Member was
            eligible to participate in the Plan. An Employee's actual
            contribution percentage shall be zero if no such contributions are
            made by him or on his behalf for such Plan Year.

            The TPA shall determine as of the end of the Plan Year whether one
            of the actual contribution percentage tests specified above is
            satisfied for such Plan Year. This determination shall be made after
            first determining the treatment of excess deferrals within the
            meaning of Section 402(g) of the Code under Section 3.2 above and
            then determining the treatment of excess contributions under Section
            3.10 above. In the event that neither of the actual contribution
            percentage tests is satisfied, the TPA shall (i) refund the excess
            aggregate contributions to the extent attributable to Member
            after-tax contributions and vested matching contributions for which
            the underlying Member after-tax contributions or 401(k) deferrals
            are not subject to correction under the actual deferral percentage
            or actual contribution percentage tests for such year (and any
            income related thereto) and (ii) forfeit the excess aggregate
            contributions to the extent attributable to non-vested Employer
            matching contributions and vested Employer matching contributions
            for which the underlying Member after-tax contributions or 401(k)
            deferrals are subject to correction under the actual deferral
            percentage or actual contribution percentage tests for such year
            (and any income related thereto), in the manner described below.

                                       30

<PAGE>

            For purposes of this Article III, "excess aggregate contributions"
            means, with respect to any Plan Year and with respect to any Member,
            the excess of the aggregate amount of contributions (and any
            earnings and losses allocable thereto) made as (i) Member after-tax
            contributions credited to his Account for the Plan Year, (ii)
            Employer matching contributions and/or supplemental contributions
            under Formula 1 credited to his Account as described in this Article
            for the Plan Year, and (iii) in accordance with and to the extent
            permitted by the IRS Regulations, 401(k) deferrals (and, as provided
            in Section 3.9, any Employer qualified nonelective contributions)
            credited to his Account (if the Plan Administrator elects to take
            into account such deferrals and contributions when calculating the
            actual contribution percentage) of Highly Compensated Employees for
            such Plan Year, over the maximum amount of such contributions that
            could be made as Employer contributions, Member contributions and
            401(k) deferrals of such Members without violating the requirements
            of any Subparagraph of this Section 3.11.

            To the extent excess aggregate contributions must be refunded or
            forfeited for a Plan Year, such excess amounts will be refunded (or,
            as applicable, forfeited) first to the Highly Compensated Employees
            with the largest Contribution Percentage Amounts (as defined below)
            taken into account in calculating the actual contribution percentage
            test for the year the excess arose and continuing in descending
            order until all the excess aggregate contributions are refunded (or,
            as applicable, forfeited). For purposes for the preceding sentence,
            the "largest amount" is determined after distribution of any excess
            aggregate contributions. For purposes of this paragraph,
            "Contribution Percentage Amounts" means the sum of Member after-tax
            contributions, Employer matching contributions, Employer
            supplemental contributions under Formula (1), and qualified matching
            contributions ( to the extent not taken into account for purposes of
            the actual deferral percentage test) made under the Plan on behalf
            of the Member for the Plan Year. However, such Contribution
            Percentage Amounts shall not include Employer matching contributions
            that are forfeited either to correct excess aggregate contributions
            or because the contributions to which they relate are excess
            deferrals, excess contributions or excess aggregate contributions.

            The refund or forfeiture of such excess aggregate contributions
            shall be made with respect to such Highly Compensated Employees to
            the extent practicable before the 15th day of the third month
            immediately following the Plan Year for which such excess aggregate
            contributions were made, but in no event later than the end of the
            Plan Year following such Plan Year or, in the case of the
            termination of the Plan in accordance with Article XI, no later than
            the end of the twelve-month period immediately following the date of
            such termination.

                                       31

<PAGE>

            For purposes of this Section, the contribution percentage (which
            shall mean the ratio of the Member's Contribution Percentage Amounts
            to the Member's compensation for the Plan Year) for any Member who
            is a Highly Compensated Employee and who is eligible to have
            Contribution Percentage Amounts allocated to his account under two
            or more plans described in Section 401(a) of the Code, or
            arrangements described in Section 401(k) of the Code that are
            maintained by the Employer, shall be determined as if the total of
            such Contribution Percentage Amounts was made under each plan. If a
            Highly Compensated Employee participates in two or more cash or
            deferred arrangements that have different plan years, all cash or
            deferred arrangements ending with or within the same calendar year
            shall be treated as a single arrangement. Notwithstanding the
            foregoing, certain plans shall be treated as separate if mandatorily
            disaggregated under regulations under Section 401(m) of the Code.

            In the event that this plan satisfies the requirements of Sections
            401(m), 401(a)(4) or 410(b) of the Code only if aggregated with one
            or more other plans, or if one or more other plans satisfy the
            requirements of such Sections of the Code only if aggregated with
            this Plan, then this Section shall be applied by determining the
            actual contribution percentage of employees as if all such plans
            were a single plan. Any adjustments to the Non-highly Compensated
            Employee actual contribution percentage for the prior year will be
            made in accordance with IRS Notice 98-1 and any superseding
            guidance, unless the Employer has elected in the Adoption Agreement
            to use the Current Year Testing method. Plans may be aggregated in
            order to satisfy Section 401(m) of the Code only if they have the
            same Plan Year and use the same actual contribution percentage
            testing method.

            For purposes of the actual contribution percentage test, Employee
            contributions are considered to have been made in the Plan Year in
            which contributed to the trust. Matching contributions and qualified
            nonelective contributions will be considered made for a Plan Year if
            made no later than the end of the 12-month period beginning on the
            day after the close of the Plan Year.

            The Employer shall maintain records sufficient to demonstrate
            satisfaction of the actual contribution percentage test and the
            amount of qualified nonelective contributions used in such test.

A Member is a Highly Compensated Employee for a particular Plan Year if he meets
the definition of a Highly Compensated Employee in effect for that Plan Year.
Similarly, a Member is a Non-highly Compensated Employee for a particular Plan
Year if he does not meet the definition of a Highly Compensated Employee in
effect for that Plan Year.

                                       32

<PAGE>

Section 3.12  The Aggregate Limit Test

Notwithstanding any other provision of the Plan, effective for Plan Years
beginning after December 31, 1996, the sum of the actual deferral percentage and
the actual contribution percentage determined in accordance with the procedures
described above of those Employees who are Highly Compensated Employees may not
exceed the aggregate limit as determined below.

For purposes of this Article III, the "aggregate limit" for a Plan Year is the
greater of:

     (1) The sum of:

         (a)  1.25 times the greater of the actual deferral percentage of the
              Non-Highly Compensated Employees for the prior Plan Year or the
              actual contribution percentage of the Non-Highly Compensated
              Employees for the Plan Year, and

         (b)  two percentage points plus the lesser of the actual deferral
              percentage or actual contribution percentage referred to in (a)
              above. In no event, however, shall the percentages described in
              the preceding sentence exceed two times the lesser of the relevant
              actual deferral percentage or the relevant actual contribution
              percentage; or

     (2) The sum of:

         (a)  1.25 times the lesser of the actual deferral percentage of the
              Non-Highly Compensated Employees for the prior Plan Year or the
              actual contribution percentage of the Non-Highly Compensated
              Employees for the Plan Year, and

         (b)  two percentage points plus the greater of the actual deferral
              percentage or the actual contribution percentage referred to in
              (a) above. In no event, however, shall the percentage described in
              the preceding sentence exceed two times the greater of the
              relevant actual deferral percentage or the relevant actual
              contribution percentage; provided, however, that if a less
              restrictive limitation is prescribed by the IRS, such limitation
              shall be used in lieu of the foregoing. The calculation of the
              aggregate limit, as defined above, shall be determined in
              accordance with the Code and the IRS Regulations.

The TPA shall determine as of the end of the Plan Year whether the aggregate
limit has

                                       33

<PAGE>

been exceeded. This determination shall be made after first determining the
treatment of excess deferrals within the meaning of Section 402(g) of the Code
under Section 3.2 above, then determining the treatment of excess contributions
under Section 3.10 above, and then determining the treatment of excess aggregate
contributions under this Article III. In the event that the aggregate limit is
exceeded, the actual contribution percentage of those Employees who are Highly
Compensated Employees shall be reduced in the same manner as described in
Section 3.11 of this Article until the aggregate limit is no longer exceeded,
unless the TPA designates, in lieu of the reduction of the actual contribution
percentage, a reduction in the actual deferral percentage of those Employees who
are Highly Compensated Employees, which reduction shall occur in the same manner
as described in Section 3.10 of this Article until the aggregate limit is no
longer exceeded. Notwithstanding the provisions of Sections 3.2 and 3.10 above,
the amount of excess contributions to be distributed, with respect to a Member
for a Plan Year, shall be reduced by any excess deferrals distributed to such
Member for such Plan Year.

If the Employer has elected in the Adoption Agreement to use the Current Year
Testing method, then, in calculating the aggregate limit for a particular Plan
Year, the Non-Highly Compensated Employees' actual deferral percentage and
actual contribution percentage for that Plan Year, instead of the prior Plan
Year, is used.

Section 3.13  Remittance of Contributions

The contributions of both the Employer and the Plan Members shall be recorded by
the Employer and remitted to the TPA for transmittal to the Trustee or custodian
or directly to the Trustee or custodian so that (i) in the case of Employer
contributions the Trustee or custodian shall be in receipt thereof by the 15th
day of the month next following the month in respect of which such contributions
are payable and (ii) in the case of Member after-tax contributions and 401(k)
deferrals, the Trustee or custodian shall be in receipt thereof by the 15th
business day of the month following the month in which the Member contributions
are received by the Employer or the 15/th/ business day of the month following
the month in which such amount would otherwise have been payable to the Member
in cash. Such amounts shall be used to provide additional Units pursuant to
Article V.

                                       34

<PAGE>

Section 3.14 Safe Harbor CODA

If the Employer has elected the safe harbor CODA option in the Adoption
Agreement, the provisions of this Section 3.14 shall apply for the Plan Year and
any provisions relating to the actual deferral percentage test described in
(S)401(k)(3) of the Code or the actual contribution percentage test described in
(S)401(m)(2) of the Code do not apply. To the extent that any other provision of
the Plan is inconsistent with the provisions of this Section, the provisions of
this Section govern.

(A)    Actual Deferral Percentage Test Safe Harbor

        (1)       Unless the Employer elects in the Adoption Agreement to make
                  Enhanced Matching Contributions (as provided in the Adoption
                  Agreement) or safe harbor nonelective contributions, the
                  Employer will contribute monthly or on another periodic basis
                  for the Plan Year a safe harbor matching contribution to the
                  Plan on behalf of each eligible Employee equal to (i) 100
                  percent of the amount of the Employee's 401(k) deferrals that
                  do not exceed 3 percent of the Employee's Salary for the Plan
                  Year, plus (ii) 50 percent of the amount of the Employee's
                  401(k) deferrals that exceed 3 percent of the Employee's
                  Salary but that do not exceed 5 percent of the Employee's
                  Salary ("Basic Matching Contributions").

        (2)       The Member's benefit derived from ADP Test Safe Harbor
                  Contributions is nonforfeitable and may not be distributed
                  earlier than separation from service, death, disability, an
                  event described in (S)401(k)(10) of the Code, or the
                  attainment of age 59 1/2. In addition, such contributions must
                  satisfy the ADP Test Safe Harbor without regard to permitted
                  disparity under (S)401(l) of the Code.

        (3)       At least 30 days, but not more than 90 days, before the
                  beginning of the Plan Year, the Employer will provide each
                  Eligible Employee a comprehensive notice of the Employee's
                  rights and obligations under the Plan, written in a manner
                  calculated to be understood by the average Eligible Employee.
                  If an Employee becomes eligible after the 90th day before the
                  beginning of the Plan Year and does not receive the notice for
                  that reason, the notice must be provided no more than 90 days
                  before the Employee becomes eligible but not later than the
                  date the Employee becomes eligible.

        (4)       In addition to any other election periods provided under the
                  Plan, each Eligible Employee may make or modify a deferral
                  election during the 30-day period immediately following
                  receipt of the notice described above.

                                       35

<PAGE>

                                   ARTICLE IV
                           INVESTMENT OF CONTRIBUTIONS

Section 4.1  Investment by Trustee or Custodian

All contributions to the Plan shall, upon receipt by the TPA, be delivered to
the Trustee or custodian to be held in the Trust Fund and invested and
distributed by the Trustee or custodian in accordance with the provisions of the
Plan and Trust Agreement. The Trust Fund shall consist of one or more of the
Investment Funds or other applicable investment vehicles designated by the
Employer in the Adoption Agreement.

With the exception of the Employer Stock Fund or, if applicable, the Employer
Certificate of Deposit Fund, the Trustee may in its discretion invest any
amounts held by it in any Investment Fund in any commingled or group trust fund
described in Section 401(a) of the Code and exempt under Section 501(a) of the
Code or in any common trust fund exempt under Section 584 of the Code, provided
that such trust fund satisfies any requirements of the Plan applicable to such
Investment Funds. To the extent that the Investment Funds are at any time
invested in any commingled, group or common trust fund, the declaration of trust
or other instrument pertaining to such fund and any amendments thereto are
hereby adopted as part of the Plan.

The Employer will designate in the Adoption Agreement which of the Investment
Funds or other applicable investment vehicles will be made available to Members
and the terms and conditions under which such Funds will operate with respect to
employee direction of allocations to and among such designated Funds and the
types of contributions and/or deferrals eligible for investment therein.

To the extent made available under the Plan, the Employer may elect, in the
Adoption Agreement, to allow Members to direct the investment of their Accounts,
pursuant to, and in accordance with, such rules and procedures as may be
prescribed by the Employer or the Plan Sponsor, to a self-directed brokerage
account. Where an Employer elects to provide a self-directed brokerage account
under the Plan, the Trustee may invest amounts held by it in a self-directed
brokerage account maintained by Charles Schwab & Co., Inc. (or any other entity
which provides a self-directed brokerage account) on behalf of Plan Members who
elect to utilize such investment vehicle.

Section 4.2  Member Directed Investments

To the extent permitted by the Employer as set forth in the Adoption Agreement,
each Member shall direct in writing that his contributions and deferrals, if
any, and the

                                       36

<PAGE>

contributions made by the Employer on his behalf shall be invested (a) entirely
in any one of the investment vehicles made available by the Employer, or (b)
among the available investment vehicles in any combination of multiples of 1%.
If a Member has made any Rollover contributions in accordance with Article III,
Section 3.3, such Member may elect to apply separate investment directions to
such rollover amounts. Any such investment direction shall be followed by the
TPA until changed. Subject to the provisions of the following paragraphs of this
Section, as designated in the Adoption Agreement, a Member may change his
investment direction as to future contributions and also as to the value of his
accumulated Units in each of the available investments by filing written notice
with the TPA. Such directed change(s) will become effective upon the Valuation
Date coinciding with or next following the date which his notice was received by
the TPA or as soon as administratively practicable thereafter. If the Adoption
Agreement provides for Member directed investments, and if a Member does not
make a written designation of an Investment Fund or Funds, or other investment
vehicle, the Employer or its designee shall direct the Trustee to invest all
amounts held or received on account of the Member in the Investment Fund which
in the opinion of the Employer best protects principal.

Except as otherwise provided below, a Member may not direct a transfer from the
Stable Value Fund to the Government Money Market Fund or the Employer
Certificate of Deposit Fund. A Member may direct a transfer from any other
investment vehicle to the Government Money Market Fund or the Employer
Certificate of Deposit Fund provided that amounts previously transferred from
the Stable Value Fund to such investment vehicle remain in such vehicle for a
period of three months prior to being transferred to the Government Money Market
Fund or the Employer Certificate of Deposit Fund.

Section 4.3  Employer Securities

If the Employer so elects in the Adoption Agreement, the Employer and/or Members
may direct that contributions will be invested in Qualifying Employer Securities
(within the meaning of Section 407(d)(5) of ERISA) through the Employer Stock
Fund.

                                       37

<PAGE>

                                    ARTICLE V
                      MEMBERS ACCOUNTS, UNITS AND VALUATION

The TPA shall establish and maintain an Account for each Member showing his
interests in the available Investment Funds or other applicable investments, as
designated by the Employer in the Adoption Agreement. The interest in each
Investment Fund shall be represented by Units.

As of each Valuation Date, the value of a Unit in each Investment Fund shall be
determined by dividing (a) the sum of the net assets at market value determined
by the Trustee by (b) the total number of outstanding Units.

The number of additional Units to be credited to a Member's interest in each
available Investment Fund, as of any Valuation Date, shall be determined by
dividing (a) that portion of the aggregate contributions and/or deferrals by and
on behalf of the Member which was directed to be invested in such Investment
Fund and received by the Trustee by (b) the Unit value of such Investment Fund.

The value of a Member's Account may be determined as of any Valuation Date by
multiplying the number of Units to his credit in each available Investment Fund
by that Investment Fund's Unit value on such date and aggregating the results.
If, and to the extent, a Member's Account is invested pursuant to a
self-directed brokerage account, the investments held in that account shall be
valued by the brokerage firm maintaining such account in accordance with such
procedures as may be determined by such brokerage firm.

A Member is treated as benefitting under the plan for any plan year during which
the Member received or is deemed to receive an allocation in accordance with
Section 1.410 (b)-3(a) of the Code.

                                       38

<PAGE>

                                   ARTICLE VI
                               VESTING OF ACCOUNTS

Section 6.1  Vesting of Member Contributions, 401(k) Deferrals, Qualified
             Nonelective Contributions, and Rollover Contributions

All Units credited to a Member's Account based on after-tax contributions and/or
401(k) deferrals made by the Member and any earnings related thereto (including
any rollover contributions allocated to a Member's Account under the Plan and
any earnings thereon) and, as provided in Section 3.9, Employer qualified
nonelective contributions made on behalf of such Member shall be immediately and
fully vested at all times.

Section 6.2  Vesting of Employer Contributions

Except as provided in Section 6.1, the Employer may, at its option, elect one of
the available vesting schedules described herein for each of the employer
contribution types applicable under the Plan as designated in the Adoption
Agreement.

Schedule 1:  All applicable Employer contributions (and related earnings) shall
             be immediately and fully vested. If the eligibility requirement(s)
             selected by the Employer under the Plan require(s) that an Employee
             complete a service period which is longer than 12 consecutive
             months, this vesting Schedule 1 shall be automatically applicable.

Schedule 2:  All applicable Employer contributions (and related earnings) shall
             vest in accordance with the schedule set forth below:

                                         Completed                  Vested
                                    Years of Employment           Percentage
                                    -------------------           ----------
                                     Less than 2                        0%
                                     2 but less than 3                 20%
                                     3 but less than 4                 40%
                                     4 but less than 5                 60%
                                     5 but less than 6                 80%
                                     6 or more                        100%

Schedule 3:  All applicable Employer contributions (and related earnings) shall
             vest in accordance with the schedule set forth below:

                                        Completed                   Vested

                                       39

<PAGE>

                                 Years of Employment          Percentage
                                      Less than 5                 0%
                                      5 or more                 100%

Schedule 4:  All applicable Employer contributions (and related earnings) shall
             vest in accordance with the schedule set forth below:

                                      Completed                 Vested
                                 Years of Employment          Percentage
                                      Less than 3                 0%
                                      3 or more                 100%

Schedule 5:  All applicable Employer contributions (and related earnings) shall
             vest in accordance with the schedule set forth below:

                                      Completed                 Vested
                                 Years of Employment          Percentage
                                    Less than 1                   0%
                                    1 but less than 2            25%
                                    2 but less than 3            50%
                                    3 but less than 4            75%
                                    4 or more                   100%

Schedule 6:  All applicable Employer contributions (and related earnings) shall
             vest in accordance with the schedule set forth below:

                                      Completed                 Vested
                                 Years of Employment          Percentage
                                    Less than 3                   0%
                                    3 but less than 4            20%
                                    4 but less than 5            40%
                                    5 but less than 6            60%
                                    6 but less than 7            80%
                                    7 or more                   100%

Schedule 7:  All applicable Employer contributions (and related earnings) shall
             vest in accordance with the schedule set forth in the Adoption
             Agreement prescribed by the Employer in accordance with applicable
             law.

Notwithstanding the vesting schedules above, a Member's interest in his Account
shall become 100% vested in the event that (i) the Member dies while in service
with the Employer and the TPA has received notification of death, (ii) the
Member has been approved for Disability, pursuant to the provisions of Article
VII, and the TPA has received

                                       40

<PAGE>

notification of Disability, or (iii) the Member has attained Normal Retirement
Age while in service with the Employer.

Except as otherwise provided hereunder, in the event that the Employer adopts
the Plan as a successor plan to another defined contribution plan qualified
under Sections 401(a) and 501(a) of the Code, or in the event that the Employer
changes or amends a vesting schedule adopted under this Article (or if the Plan
is deemed amended by an automatic change to or from a top-heavy vesting
schedule), any Member who was covered under such predecessor plan or, the
pre-amendment vesting schedule under the Plan, and has completed at least 3
Years of Employment (or, as applicable, 3 years of service) may elect to have
the nonforfeitable percentage of the portion of his Account which is subject to
such vesting schedule computed under such predecessor plan's vesting provisions,
or computed without regard to such change or amendment under the Plan (a
"Vesting Election"). Any Vesting Election shall be made by notifying the TPA in
writing within the election period hereinafter described. The election period
shall begin on the date such amendment is adopted or the date such change is
effective, or the date the Plan, which serves as a successor plan, is adopted or
effective, as the case may be, and shall end no earlier than the latest of the
following dates: (i) the date which is 60 days after the day such amendment is
adopted; (ii) the date which is 60 days after the day such amendment or change
becomes effective; (iii) the date which is 60 days after the day the Member is
given written notice of such amendment or change by the TPA; (iv) the date which
is 60 days after the day the Plan is adopted by the Employer or becomes
effective; or (v) the date which is 60 days after the day the Member is given
written notice that the Plan has been designated as a successor plan. Any such
election, once made, shall be irrevocable.

To the extent permitted under the Code and Regulations, the Employer may, at its
option, elect to treat all Members who are eligible to make a Vesting Election
as having made such Vesting Election if the vesting schedule resulting from such
an election is more favorable than the Vesting Schedule that would apply
pursuant to the Plan amendment. Furthermore, subject to the requirements of the
applicable Regulations, the Employer may elect to treat all Members, who were
employed by the Employer on or before the effective date of the change or
amendment, as subject to the prior vesting schedule, provided such prior
schedule is more favorable.

In the event that an Employer elects, in its Adoption Agreement, to use the hour
of service method for determining vesting service, Years of Service shall be
substituted for Years of Employment for all purposes under this Article VI.

                                       41

<PAGE>

No amendment to the Plan shall be effective to the extent that it has the effect
of decreasing a Member's accrued benefit. Notwithstanding the preceding
sentence, a Member's account balance may be reduced to the extent permitted
under Section 412(c)(8) of the Code. For purposes of this paragraph, a plan
amendment which has the effect of decreasing a Member's account balance, with
respect to benefits attributable to service before the amendment shall be
treated as reducing an accrued benefit. Furthermore, if the vesting schedule of
a plan is amended, in the case of an Employee who is a Member as of the later of
the date such amendment is adopted or the date it becomes effective, the
nonforfeitable percentage (determined as of such date) of such Employee's
employer-derived accrued benefit will not be less than the percentage computed
under the Plan without regard to such amendment.

No amendment to the Plan shall be effective to eliminate or restrict an optional
form of benefit. The preceding sentence shall not apply to a plan amendment that
eliminates or restricts the ability of a Member to receive payment of his
account balance under a particular optional form of benefit if the amendment
satisfies the conditions in (1) and (2) below:

       (1)   The amendment provides a single-sum distribution form that is
             otherwise identical to the optional form of benefit eliminated or
             restricted. For purposes of this condition (1), a single-sum
             distribution form is otherwise identical only if it is identical in
             all respects to the eliminated or restricted optional form of
             benefit (or would be identical except that it provides greater
             rights to the Member) except with respect to the timing of payments
             after commencement.

       (2)   The amendment is not effective unless the amendment provides that
             the amendment shall not apply to any distribution with an annuity
             starting date earlier than the earlier of: (i) the 90th day after
             the date the Member receiving the distribution has been furnished a
             summary that reflects the

                                       42

<PAGE>

             amendment and that satisfies the ERISA requirements at 29 CFR
             2520.104b-3 relating to a summary of material modifications or (ii)
             the first day of the second Plan Year following the Plan Year in
             which the amendment is adopted.

Section 6.3    Forfeitures

If a Member who was partially vested in his Account on the date of his
termination of Employment returns to Employment, his Years of Employment (or, as
applicable, years of service) prior to the Break(s) in Service shall be included
in determining future vesting and, if he returns before incurring 5 consecutive
one year Breaks in Service, any amounts forfeited from his Account shall be
restored to his Account provided, however, that if such a Member has received a
distribution pursuant to Article VII, his nonvested Account shall not be
restored unless he repays to the Plan the full amount distributed to him before
the earlier of (i) 5 years after the first date on which the Member is
subsequently reemployed by the Employer, or (ii) the close of the first period
of 5 consecutive one-year Breaks in Service commencing after the withdrawal. The
amount restored to the Member's Account will be valued on the Valuation Date
coinciding with or next following the later of (i) the date the Employee is
rehired, or (ii) the date a new enrollment application is received by the TPA.
If a Member terminates Employment without any vested interest in his Account, he
shall (i) immediately be deemed to have received a total distribution of his
Account and (ii) thereupon forfeit his entire Account; provided that if such
Member returns to Employment before the number of consecutive one-year Breaks in
Service equals or exceeds the greater of (i) 5, or (ii) the aggregate number of
the Member's Years Employment (or, as applicable, Years of Service) prior to
such Break in Service, his Account shall be restored in the same manner as if
such Member had been partially vested at the time of his termination of
Employment and had his nonvested Account restored upon a return to employment,
and his Years of Employment (or, as applicable, Years of Service) prior to
incurring the first Break in Service shall be included in any subsequent
determination of his vesting service.

Forfeited amounts, as described in the preceding paragraph, shall be made
available to the Employer, through a transfer from the Member's Account to the
Employer Credit Account, upon: (1) if the Member had a vested interest in his
Account at his termination of Employment, the earlier of (i) the date as of
which the Member receives a distribution of his entire vested interest in his
Account or (ii) the date upon which the Member incurs 5 consecutive one-year
Breaks in Service, or (2) the date of the Member's termination of Employment, if
the Member then has no vested interest in his Account. Once so transferred, such
amounts shall be used at the option of the Employer to (i) offset any
contributions to be made by the Employer for that Contribution Determination
Period or (ii)

                                       43

<PAGE>

be allocated to all eligible Members deemed to be employed as of the last day of
the Contribution Determination Period. The Employer Credit Account, referenced
in this Subparagraph, shall be maintained to receive, in addition to the
forfeitures described above, (i) contributions in excess of the limitations
contained in Section 415 of the Code, (ii) Employer contributions made in
advance of the date allocable to Members, if any, and (iii) amounts, if any,
forfeited pursuant to Sections 3.10 and 3.11.

No forfeitures will occur solely as a result of an Employee's withdrawal of
employee contributions under Article VII of the Plan.

                                       44

<PAGE>

                                   ARTICLE VII
                          WITHDRAWALS AND DISTRIBUTIONS

Section 7.1   General Provisions

The Employer will define in the Adoption Agreement the terms and conditions
under which withdrawals and distributions will be permitted under the Plan. All
payments in respect of a Member's Account shall be made in cash from the Trust
Fund and in accordance with the provisions of this Article or Article XI except
that if the Adoption Agreement so provides, a Member may elect to have his
Account, to the extent then invested in the Employer Stock Fund, distributed in
the form of Employer Stock in accordance with the provisions of this Article or
Article XI. The amount of payment will be determined in accordance with the
vested value of the Member's Account on the Valuation Date coinciding with or
next following the date proper notice is filed with the TPA, unless following
such Valuation Date a decrease in the value of the Member's investment in any of
the available Investment Funds or other Account investments occurs prior to the
date the Member's Account is paid in which case that part of the payment which
is based on such investments shall equal the value of such investments
determined as of the date of payment which date shall occur as soon as
administratively practicable on or following the Valuation Date such proper
notice is filed with the TPA. If units are redeemed to make a payment of
benefits, the redemption date Unit value with respect to a Member's investment
in any of the available Investment Funds shall equal the value of a Unit in such
Investment Fund, as determined in accordance with the valuation method
applicable to Unit investments in such Investment Fund on the date the Member's
investment is redeemed.

Except where otherwise specified, payments provided under this Article will be
made in a lump sum as soon as practicable after such Valuation Date or date of
redemption, as may be applicable, subject to any applicable restriction on
redemption imposed on amounts invested in any of the available Investment Funds.

Any partial withdrawal shall be deemed to come (to the extent available for
withdrawal):

..   First from the Member's after-tax contributions made prior to January 1,
    1987.

..   Next from the Member's after-tax contributions made after December 31, 1986
    plus earnings on all of the Member's after-tax contributions.

..   Next from the Member's rollover contributions plus earnings thereon.

..   Next from the Employer matching contributions plus earnings thereon.

                                       45

<PAGE>

..   Next from the Employer supplemental contributions plus earnings thereon.

..   Next from the Employer basic contributions plus earnings thereon.

..   Next from the Employer safe harbor CODA contributions plus earnings thereon.

..   Next from the Member's 401(k) deferrals plus earnings thereon.

..   Next from the Employer qualified nonelective contributions plus earnings
    thereon.

..   Next from the Employer profit sharing contributions plus earnings thereon.

Section 7.2   Withdrawals While Employed

The Employer may, at its option, permit Members to make withdrawals from one or
more of the portions of their Accounts while employed by the Employer, as
designated in the Adoption Agreement, under the terms and provisions described
herein.

Voluntary Withdrawals - To the extent permitted by the Employer as specified in
the Adoption Agreement, a Member may voluntarily withdraw some or all of his
Account (other than his 401(k) deferrals and Employer qualified nonelective
contributions treated as 401(k) deferrals except as hereinafter permitted) while
in Employment by filing a notice of withdrawal with the TPA; provided, however,
that in the event his Employer has elected to provide annuity options under
Section 7.3 and the Member elects an annuity form of payment, no withdrawals may
be made from a married Member's Account without the written consent of such
Member's Spouse (which consent shall be subject to the procedures set forth in
Section 7.3). Only one in-service withdrawal may be made in any Plan Year from
each of the rollover amount of the Member's Account and the remainder of the
Member's Account. This restriction shall not, however, apply to a withdrawal
under this Section in conjunction with a hardship withdrawal.

Notwithstanding the foregoing paragraph, a Member may not withdraw any matching,
basic, supplemental, profit sharing or, solely in the case of the events
described in clause (iii) or (iv), qualified nonelective contributions made by
the Employer under Article III unless (i) the Member has completed 60 months of
participation in the Plan; (ii) the withdrawal occurs at least 24 months after
such contributions were made by the Employer; (iii) the Employer terminates the
Plan without establishing a qualified successor plan; or (iv) the Member dies,
is disabled, retires, attains age 59 1/2 or terminates Employment. For purposes
of the preceding requirements, if the Member's Account includes amounts which
have been transferred from a defined contribution plan established prior to the
adoption of the Plan by the Employer, the period of time during which amounts
were held on behalf of such Member and the periods of participation of such
Member under such defined contribution plan shall

                                       46

<PAGE>

be taken into account.

Effective as of January 1, 1997, if an Employer does not permit Members to make
withdrawals from their Account while employed and a Member has attained age 70
1/2 prior to terminating employment with his Employer, such Member may withdraw
some or all of his Account under the terms and provisions of this Section 7.2.

If an Employer, in the Adoption Agreement, permits Members to withdraw 401(k)
deferrals and qualified non-elective contributions (and the income allocable to
each) while employed by the Employer, such deferrals or contributions are not
distributable earlier than upon separation from service, death, disability,
attainment of age 59 1/2 or hardship. Such amounts may also be distributed, in
accordance with Section 401(k)(2)(B)(i)(II) of the Code and the IRS Regulations
thereunder, upon: (i) termination of the Plan without the establishment of
another defined contribution plan other than an employee stock ownership plan
(as defined in Section 4975(e)(7) or Section 409 of the Code) or a simplified
employee pension plan (defined in Code Section 408(k) or a SIMPLE IRA plan
(defined in Code Section 408(p)), or (ii) the disposition by a corporation to an
unrelated corporation of substantially all of the assets (within the meaning of
Section 409(d)(2) of the Code) used in a trade or business of such corporation
if such corporation continues to maintain this Plan after the disposition, but
only with respect to employees who continue employment with the corporation
acquiring such assets, or (iii) the disposition by a corporation to an unrelated
entity of such corporation's interest in a subsidiary (within the meaning of
Section 409(d)(3) of the Code) if such corporation continues to maintain this
Plan, but only with respect to employees who continue employment with such
subsidiary.

Hardship Withdrawals - If designated by the Employer in the Adoption Agreement,
a Member may make a withdrawal of his 401(k) deferrals, Employer qualified
nonelective contributions which are treated as elective deferrals, and any
earnings credited thereto prior to January 1, 1989, prior to attaining age 59
1/2, provided that the withdrawal is solely on account of an immediate and heavy
financial need and is necessary to satisfy such financial need. For the purposes
of this Article, the term "immediate and heavy financial need" shall be limited
to the need of funds for (i) the payment of medical expenses (described in
Section 213(d) of the Code) incurred by the Member, the Member's Spouse, or any
of the Member's dependents (as defined in Section 152 of the Code), (ii) the
payment of tuition and room and board for the next 12 months of post-secondary
education of the Member, the Member's Spouse, the Member's children, or any of
the Member's dependents (as defined in Section 152 of the Code), (iii) the
purchase (excluding mortgage payments) of a principal residence for the Member,
or (iv) the prevention of eviction of the Member from his

                                       47

<PAGE>

principal residence or the prevention of foreclosure on the mortgage of the
Member's principal residence. For purposes of this Article, a distribution
generally may be treated as "necessary to satisfy a financial need" if the Plan
Administrator reasonably relies upon the Member's written representation that
the need cannot be relieved (i) through reimbursement or compensation by
insurance or otherwise, (ii) by reasonable liquidation of the Member's available
assets, to the extent such liquidation would not itself cause an immediate and
heavy financial need, (iii) by cessation of Member contributions and/or
deferrals pursuant to Article III of the Plan, to the extent such contributions
and/or deferrals are permitted by the Employer, or (iv) by other distributions
or nontaxable (at the time of the loan) loans from plans maintained by the
Employer or by any other employer, or by borrowing from commercial sources on
reasonable commercial terms. The amount of any withdrawal pursuant to this
Article shall not exceed the amount required to meet the demonstrated financial
hardship, including any amounts necessary to pay any federal income taxes and
penalties reasonably anticipated to result from the distribution as certified to
the Plan Administrator by the Member.

Notwithstanding the foregoing, no amounts may be withdrawn on account of
hardship pursuant to this Article prior to a Member's withdrawal of his other
available Plan assets without regard to any other withdrawal restrictions
adopted by the Employer.

Section 7.3   Distributions Upon Termination of Employment

In accordance with the provisions for distributions designated by the Employer
in the Adoption Agreement, a Member who terminates Employment with the Employer
may request a distribution of his Account at any time thereafter up to
attainment of age 70 1/2. Except as otherwise provided by the Employer in the
Adoption Agreement, a Member may withdraw all or a portion of his Account at any
time after termination of employment and any amounts paid under this Article may
not be returned to the Plan.

Any distribution made under this Section 7.3 requires that a Request for
Distribution be filed with the TPA. If a Member does not file such a Request,
the value of his Account will be paid to him as soon as practicable after his
attainment of age 70 1/2, but in no event shall payment commence later than
April 1 of the calendar year following the calendar year in which the Member
attains age 70 1/2 unless otherwise provided by law.

Lump Sum Payments - A Member may request a distribution of all or a part of his
Account no more frequently than once per calendar year by filing the proper
Request for Distribution with the TPA. In the event the Employer has elected to
provide an annuity option under the Plan, no distributions may be made from a
married Member's Account without the written consent of such married Member's
spouse (which consent shall be subject to the procedures set forth below).

                                       48

<PAGE>

Installment Payments - To the extent designated by the Employer in the Adoption
Agreement and in lieu of any lump sum payment of his total Account, a Member who
has terminated his Employment may elect in his Request for Distribution to be
paid in installments (no less frequently than annually), provided that a Member
shall not be permitted to elect an installment period in excess of his remaining
life expectancy (or the joint life expectancy of the Member and his designated
Beneficiary) and if a Member attempts such an election, the TPA shall deem him
to have elected the installment period with the next lowest multiple within the
Member's remaining life expectancy. For purposes of installment payments under
this Section 7.3, the Member's life expectancy (or the joint life expectancy of
the Member and his designated Beneficiary) shall not be recalculated. The amount
of each installment will be equal to the value of the total Units in the
Member's Account, multiplied by a fraction, the numerator of which is one and
the denominator of which is the number of remaining installments including the
one then being paid, so that at the end of the installment period so elected,
the total Account will be liquidated. The value of the Units will be determined
in accordance with the Unit values on the Valuation Date on or next following
the TPA's receipt of his Request for Distribution and on each anniversary
thereafter subject to applicable Regulations under Code Section 401(a)(9).
Payment will be made as soon as practicable after each such Valuation Date, but
in no event shall payment commence later than April 1 of the calendar year
following the calendar year in which the Member attains age 70 1/2 subject to
the procedure for making such distributions described below. The election of
installments hereunder may not be subsequently changed by the Member, except
that upon written notice to the TPA, the Member may withdraw the balance of the
Units in his Account in a lump sum at any time, notwithstanding the fact that
the Member previously received a distribution in the same calendar year.

Annuity Payments - The Employer may, at its option, elect to provide an annuity
option under the Plan. To the extent so designated by the Employer in the
Adoption Agreement and in lieu of any lump sum payment of his total Account, a
Member who has terminated his Employment may elect in his Request for
Distribution to have the value of his total Account be paid as an annuity
secured for the Member by the Plan Administrator through a individual annuity
contract purchased by the Plan. In the event the Employer elects to provide the
annuity option under the Plan and a Member elects an annuity form of payment,
the following provisions shall apply:

Unmarried Members - Any unmarried Member who has terminated his Employment may
elect, in lieu of any other available payment option, to receive a benefit
payable by purchase of a single premium contract providing for (i) a single life
annuity for the life of the Member or (ii) an annuity for the life of the Member
and, if the Member dies leaving a designated Beneficiary, a 50% survivor annuity
for the life of such designated Beneficiary.

Married Members - Except as otherwise provided below, (i) any married Member who
has

                                       49

<PAGE>

terminated his Employment shall receive a benefit payable by purchase of a
single premium contract providing for a Qualified Joint and Survivor Annuity, as
defined below, and (ii) the Surviving Spouse of any married Member who dies
prior to the date payment of his benefit commences shall be entitled to a
Preretirement Survivor Annuity, as defined below. Notwithstanding the foregoing,
any such married Member may elect to receive his benefit in any other available
form, and may waive the Preretirement Survivor Annuity, in accordance with the
spousal consent requirements described herein.

For purposes of this Section 7.3, the term Qualified Joint and Survivor Annuity"
means a benefit providing an annuity for the life of the Member, ending with the
payment due on the last day of the month coinciding with or preceding the date
of his death, and, if the Member dies leaving a Surviving Spouse, a survivor
annuity for the life of such Surviving Spouse equal to one-half of the annuity
payable for the life of the Member under his Qualified Joint and Survivor
Annuity, commencing on the last day of the month following the date of the
Member's death and ending with the payment due on the first day of the month
coinciding with or preceding the date of such Surviving Spouse's death.

For purposes of this Section 7.3, the term "Preretirement Survivor Annuity"
means a benefit providing for payment of 50% of the Member's Account balance as
of the Valuation Date coinciding with or preceding the date of his death.
Payment of a Preretirement Survivor Annuity shall commence in the month
following the month in which the Member dies or as soon as practicable
thereafter; provided, however, that to the extent required by law, if the value
of the amount used to purchase a Preretirement Survivor Annuity exceeds $3,500,
then payment of the Preretirement Survivor Annuity shall not commence prior to
the date the Member reached (or would have reached, had he lived) Normal
Retirement Age without the written consent of the Member's Surviving Spouse.
Absence of any required consent will result in a deferral of payment of the
Preretirement Survivor Annuity to the month following the month in which occurs
the earlier of (i) the date the required consent is received by the TPA or (ii)
the date the Member would have reached Normal Retirement Age had he lived.

The TPA shall furnish or cause to be furnished, to each married Member with an
Account subject to this Section 7.3, explanations of the Qualified Joint and
Survivor Annuity and Preretirement Survivor Annuity. A Member may, with the
written consent of his Spouse (unless the TPA makes a written determination in
accordance with the Code and the Regulations that no such consent is required),
elect in writing (i) to receive his benefit in a single lump sum payment within
the 90-day period ending on the date payment of his benefit commences; and (ii)
to waive the Preretirement Survivor Annuity within the period beginning on the
first day of the Plan Year in which the Member attains age 35 and ending on the
date of his death. Any election made pursuant to this Subparagraph may be
revoked by a Member, without spousal consent, at any time within which such
election could have

                                       50

<PAGE>

been made. Such an election or revocation must be made in accordance with
procedures developed by the TPA and shall be notarized.

Notwithstanding anything to the contrary, effective for Plan Years beginning
after December 31, 1996, the 90-day period in which a Member may, with the
written consent of his Spouse, elect in writing to receive his benefit in a
single lump sum shall not end before the 30th day after the date on which
explanations of the Qualified Joint and Survivor Annuity and Preretirement
Survivor Annuity are provided. A Member may elect (with any applicable spousal
consent) to waive any requirement that the written explanation be provided at
least 30 days before the annuity starting date (or to waive the 30-day
requirement under the preceding sentence) if the distribution commences more
than seven days after such explanation is provided.

Notwithstanding the preceding provisions of this Section 7.3, any benefit of
$3,500, subject to the limits of Article X, or less, shall be paid in cash in a
lump sum in full settlement of the Plan's liability therefor; provided, however,
that in the case of a married Member, no such lump sum payment shall be made
after benefits have commenced without the consent of the Member and his Spouse
or, if the Member has died, the Member's Surviving Spouse. Furthermore, if the
value of the benefit payable to a Member or his Surviving Spouse is greater than
$3,500 and the Member has or had not reached his Normal Retirement Age, then to
the extent required by law, unless the Member (and, if the Member is married and
his benefit is to be paid in a form other than a Qualified Joint and Survivor
Annuity, his Spouse, or, if the Member was married, his Surviving Spouse)
consents in writing to an immediate distribution of such benefit, his benefit
shall continue to be held in the Trust until a date following the earlier of (i)
the date of the TPA's receipt of all required consents or (ii) the date the
Member reaches his earliest possible Normal Retirement Age under the Plan (or
would have reached such date had he lived), and thereafter shall be paid in
accordance with this Section 7.3.

Solely to the extent required under applicable law and regulations, and
notwithstanding any provisions of the Plan to the contrary that would otherwise
limit a Distributee's election under this Subparagraph, a Distributee may elect,
at the time and in the manner prescribed by the TPA, to have any portion of an
Eligible Rollover Distribution paid directly to an Eligible Retirement Plan
specified by the Distributee in a Direct Rollover. For purposes of this
Subparagraph, the following terms shall have the following meanings:

Eligible Rollover Distribution - Any distribution of all or any portion of the
balance to the credit of the Distributee, except that an Eligible Rollover
Distribution does not include: any distribution that is one of a series of
substantially equal periodic payments (not less frequently than annually) made
for the life (or life expectancy) of the Distributee or the joint lives (or
joint life expectancies) of the Distributee and the Distributee's designated

                                       51

<PAGE>

Beneficiary, or for a specified period of ten years or more; any distribution to
the extent such distribution is required under Section 401(a)(9) of the Code;
and the portion of any distribution that is not includable in gross income
(determined without regard to the exclusion for net unrealized appreciation with
respect to employer securities).

Effective January 1, 1999, an Eligible Rollover Distribution excludes hardship
withdrawals as defined in Section 401(k)(2)(B)(i)(IV) of the Code which are
attributable to Member's 401(k) deferrals under Treasury Regulation Section
1.401(k)-1(d)(2)(ii).

Eligible Retirement Plan - An individual retirement account described in Section
408(a) of the Code, an individual retirement annuity described in Section 408(b)
of the Code, an annuity plan described in Section 403(a) of the Code, or a
qualified trust described in Section 401(a) of the Code, that accepts the
Distributee's Eligible Rollover Distribution. However, in the case of an
Eligible Rollover Distribution to a Surviving Spouse, an Eligible Retirement
Plan is an individual retirement account or an individual retirement annuity.

Distributee - A Distributee may be (i) an Employee, (ii) a former Employee,
(iii) an Employee's Surviving Spouse, (iv) a former Employee's Surviving Spouse,
(v) an Employee's Spouse or former Spouse who is an alternate payee under a
qualified domestic relations order, as defined in Section 414(p) of the Code, or
(vi) a former Employee's Spouse or former Spouse who is an alternate payee under
a qualified domestic relations order, as defined in Section 414(p) of the Code,
with respect to the interest of the Spouse or former Spouse.

Direct Rollover - A payment by the Plan to the Eligible Retirement Plan
specified by the Distributee.

Section 7.4   Distributions Due to Disability

A Member who is separated from Employment by reason of a disability which is
expected to last in excess of 12 consecutive months and who is either (i)
eligible for, or is receiving, disability insurance benefits under the Federal
Social Security Act or (ii) approved for disability under the provisions of any
other benefit program or policy maintained by the Employer, which policy or
program is applied on a uniform and nondiscriminatory basis to all Employees of
the Employer, shall be deemed to be disabled for all purposes under the Plan.

The Plan Administrator shall determine whether a Member is disabled in
accordance with the terms of the immediately preceding paragraph; provided,
however, approval of Disability is conditioned upon notice to the Plan
Administrator of such Member's Disability within 13 months of the Member's
separation from Employment. The notice of Disability shall include a
certification that the Member meets one or more of the criteria listed above.

Upon determination of Disability, a Member may withdraw his total Account
balance under the Plan and have such amounts paid to him in accordance with the
applicable provisions of

                                       52

<PAGE>

this Article VII, as designated by the Employer. If a disabled Member becomes
reemployed subsequent to withdrawal of some or all of his Account balance, such
Member may not repay to the Plan any such withdrawn amounts.

Section 7.5   Distributions Due to Death

Subject to the provisions of Section 7.3 above, if a married Member dies, his
Spouse, as Beneficiary, will receive a death benefit equal to the value of the
Member's Account determined on the Valuation Date on or next following the TPA's
receipt of notice that such Member died; provided, however, that if such
Member's Spouse had consented in writing to the designation of a different
Beneficiary, the Member's Account will be paid to such designated Beneficiary.
Such nonspousal designation may be revoked by the Member without spousal consent
at any time prior to the Member's death. If a Member is not married at the time
of his death, his Account will be paid to his designated Beneficiary.

A Member may elect that upon his death, his Beneficiary, pursuant to this
Section 7.5, may receive, in lieu of any lump sum payment, payment in 5 annual
installments (10 if the Spouse is the Beneficiary, provided that the Spouse's
remaining life expectancy is at least 10 years) whereby the value of 1/5th of
such Member's Units (or 1/10th in the case of a spousal Beneficiary, provided
that the Spouse's remaining life expectancy is at least 10 years) in each
available Investment Fund will be determined in accordance with the Unit values
on the Valuation Date on or next following the TPA's receipt of notice of the
Member's death and on each anniversary of such Valuation Date. Payment will be
made as soon as practicable after each Valuation Date until the Member's Account
is exhausted. Such election may be filed at any time with the Plan Administrator
prior to the Member's death and may not be changed or revoked after such
Member's death. If such an election is not in effect at the time of the Member's
death, his Beneficiary (including any spousal Beneficiary) may elect to receive
distributions in accordance with this Article, except that any balance remaining
in the deceased Member's Account must be distributed on or before the December
31 of the calendar year which contains the 5th anniversary (the 10th anniversary
in the case of a spousal Beneficiary, provided that the Spouse's remaining life
expectancy is at least 10 years) of the Member's death. Notwithstanding the
foregoing, payment of a Member's Account shall commence not later than the
December 31 of the calendar year immediately following the calendar year in
which the Member died or, in the event such Beneficiary is the Member's
Surviving Spouse, on or before the December 31 of the calendar year in which
such Member would have attained age 70 1/2, if later (or, in either case, on any
later date prescribed by the IRS Regulations). If, upon the Spouse's or
Beneficiary's death, there is still a balance in the Account, the value of the
remaining Units will be paid in a lump sum to such Spouse's or Beneficiary's
estate.

Section 7.6   Minimum Required Distributions

                                       53

<PAGE>

Effective as of January 1, 1997, payment of a Member's Account shall not
commence later than April 1 of the calendar year following the later of (i) the
calendar year in which the Member attains age 70 1/2 or (ii) the calendar year
in which the Member retires; provided however, if the Member is a 5 percent
owner (as described in Section 416(i) of the Code), at any time during the Plan
Year ending with or within the calendar year in which the Employee attains age
70 1/2, any benefit payable to such Member shall commence no later than April 1
of the calendar year following the calendar year in which the Member attains age
70 1/2.

(A)  Subject to Section 7.3, joint and survivor annuity requirements, the
     requirements of this Section shall apply to any distribution of a Member's
     interest and will take precedence over any inconsistent provisions of this
     Plan. Unless otherwise specified, the provisions of this Section 7.6 apply
     to calendar years beginning after December 31, 1984.

     All distributions required under this Section 7.6 shall be determined and
     made in accordance with the proposed regulations under Section 401(a)(9) of
     the Code, including the minimum distribution incidental benefit requirement
     of Section 1.401(a)(9)-2 of the proposed regulations.

     The entire interest of a Member must be distributed or begin to be
     distributed no later than the Member's required beginning date.

(B)  As of the first distribution calendar year, distributions, if not made in a
     single-sum, may only be made over one of the following periods (or a
     combination thereof):

     (1)  the life of the Member,

     (2)  the life of the Member and a designated beneficiary,

     (3)  a period certain not extending beyond the life expectancy of the
          Member, or

     (4)  a period certain not extending beyond the joint and last
          survivor expectancy of the Member and a designated beneficiary.

(C)  If the Member's interest is to be distributed in other than a single sum,
     the following minimum distribution rules shall apply on or after the
     required beginning date:

     (1)  If a Member's benefit is to be distributed over (a) a period not
          extending beyond the life expectancy of the Member or the joint life
          and last survivor expectancy of the Member and the Member's designated
          beneficiary or (b) a period not extending beyond the life expectancy
          of the designated beneficiary, the amount required to be distributed
          for each calendar year, beginning with distributions for the first
          distribution calendar year, must at least equal the quotient obtained
          by dividing the Member's benefit by the applicable life expectancy.

                                       54

<PAGE>

       (2)  For calendar years beginning before January 1, 1989, if the Member's
            spouse is not the designated beneficiary, the method of distribution
            selected must assure that at least 50% of the present value of the
            amount available for distribution is paid within the life expectancy
            of the Member.

       (3)  For calendar years beginning after December 31, 1988, the amount to
            be distributed each year, beginning with distributions for the first
            distribution calendar year shall not be less than the quotient
            obtained by dividing the Member's benefit by the lesser of (a) the
            applicable life expectancy or (b) if the Member's spouse is not the
            designated beneficiary, the applicable divisor determined from the
            table set forth in Q&A-4 of Section 1.401(a)(9)-2 of the proposed
            regulations. Distributions after the death of the Member shall be
            distributed using the applicable life expectancy in paragraph (1)
            above as the relevant divisor without regard to Proposed Regulations
            Section 1.401(a)(9)-2.

       (4)  The minimum distribution required for the Member's first
            distribution calendar year must be made on or before the Member's
            required beginning date. The minimum distribution for other calendar
            years, including the minimum distribution for the distribution
            calendar year in which the employee's required beginning date
            occurs, must be made on or before December 31 of that distribution
            calendar year.

       If the Member's benefit is distributed in the form of an annuity
       purchased from an insurance company, distributions thereunder shall be
       made in accordance with the requirements of Section 401(a)(9) of the Code
       and the proposed regulations thereunder.

(D)    Distributions beginning before death. If the Member dies after
       distribution of his interest has begun, the remaining portion of such
       interest will continue to be distributed at least as rapidly as under the
       method of distribution being used prior to the Member's death.

(E)    Distributions beginning after death. 1) If the Member dies before
       distribution of his or her interest begins, distribution of the Member's
       entire interest shall be completed by December 31 of the calendar year
       containing the fifth anniversary of the Member's death except to the
       extent that an election is made to receive distributions in accordance
       with (a) or (b) below:

       (a)  if any portion of the Member's interest is payable to a designated
            beneficiary, distributions may be made over the life or over a
            period certain not greater than the life expectancy of the
            designated beneficiary commencing on or before

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               December 31 of the calendar year immediately following the
               calendar year in which the Member died;

           (b) if the designated beneficiary is the Member's surviving spouse,
               the date distributions are required to begin in accordance with
               (a) above shall not be earlier than the later of (i) December 31
               of the calendar year immediately following the calendar year in
               which the Member died and (ii) December 31 of the calendar year
               in which the Member would have attained age 70 1/2.

           2)  If the Member has not made an election pursuant to this Section
               7.6 by the time of his death, the Member's designated beneficiary
               must elect the method of distribution no later than the earlier
               of (i) December 31, of the calendar year in which distributions
               would be required to begin under this Section, or (ii) December
               31 of the calendar year which contains the fifth anniversary of
               the date of death of the Member. If the Member has no designated
               beneficiary, or if the designated beneficiary does not elect a
               method of distribution, distribution of the Member's entire
               interest must be completed by December 31 of the calendar year
               containing the fifth anniversary of the Member's death.

     (F)   For purposes of paragraph (E) above, if the surviving spouse dies
           after the Member, but before payments to such spouse begin, the
           provisions of paragraph (E), with the exception of paragraph (E)(1)
           (b) therein, shall be applied as if the surviving spouse were the
           Member.

     (G)   For the purposes of paragraphs (D) and (E), distribution of a
           Member's interest is considered to begin on the Member's required
           beginning date (or, if paragraph (F) above is applicable, the date
           distribution is required to begin to the surviving spouse pursuant to
           paragraph (E) above). If distribution in the form of an annuity
           irrevocably commences to the Member before the required beginning
           date, the date distribution is considered to begin is the date
           distribution actually commences.

     (H)   Applicable life expectancy. The life expectancy (or joint and last
           survivor expectancy) calculated using the attained age of the Member
           (or designated beneficiary as of the Member's (or designated
           beneficiary's) birthday in the applicable calendar year reduced by
           one for each calendar year which has elapsed since the date life
           expectancy was first calculated. If life expectancy is being
           recalculated, the applicable life expectancy shall be the life
           expectancy as so recalculated. The applicable calendar year shall be
           the first distribution calendar year, and if life expectancy is being
           recalculated such succeeding calendar year.

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      (I)   Designated beneficiary. The individual who is designated as the
            beneficiary under the Plan in accordance with Section 401(a)(9) of
            the Code and the proposed regulations thereunder.

      (J)   Distribution calendar year. A calendar year for which a minimum
            distribution is required. For distributions beginning before the
            Member's death, the first distribution calendar year is the calendar
            year immediately preceding the calendar year which contains the
            Member's required beginning date. For distributions beginning after
            the Member's death, the first distribution calendar year is the
            calendar year in which distributions are required to begin pursuant
            to paragraphs (D), (E), (F) and (G) above.

      (K)   Life expectancy. Life expectancy and joint and last survivor
            expectancy are computed by use of the expected return multiples in
            Tables V and VI of Section 1.72-9 of the Income Tax Regulations.

            Unless otherwise elected by the Member (or spouse, in the case of
            distributions described in paragraph (E)(1)(b) above) by the time
            distributions are required to begin, life expectancies shall be
            recalculated annually. Such election shall be irrevocable as to the
            Member (or spouse) and shall apply to all subsequent years. The life
            expectancy of a nonspouse beneficiary may not be recalculated.

      (L)   Member's benefit.

            (1)  The account balance as of the last valuation date in the
                 calendar year immediately preceding the distribution calendar
                 year (valuation calendar year) increased by the amount of any
                 contributions or forfeitures allocated to the account balance
                 as of dates in the valuation calendar year after the valuation
                 date and decreased by distributions made in the valuation
                 calendar year after the valuation date.

            (2)  Exception for second distribution calendar year. For purposes
                 of paragraph (1) above, if any portion of the minimum
                 distribution for the first distribution calendar year is made
                 in the second distribution calendar year on or before the
                 required beginning date, the amount of the minimum distribution
                 made in the second distribution calendar year shall be treated
                 as if it had been made in the immediately preceding
                 distribution calendar year.

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                                  ARTICLE VIII
                                  LOAN PROGRAM

Section 8.1  General Provisions

An Employer may, at its option, make available the loan program described herein
for any Member (and, if applicable under Section 8.8 of this Article, any
Beneficiary), subject to applicable law. The Employer shall so designate its
adoption of the loan program and the terms and provisions of its operation in
the Adoption Agreement. There shall be a reasonable origination fee and/or an
annual administration fee assessed to the Member's Account for each loan made to
a Member or Beneficiary. In the event that amounts are transferred to the Plan
from a retirement plan subject to Section 401(a)(11) of the Code, no loans may
be made from a married Member's Account without the written consent of such
Member's Spouse (in accordance with the spousal consent rules set forth under
Section 7.3). In the event the Employer elects to permit loans to be made from
rollover contributions and earnings thereon, as designated in the Adoption
Agreement, loans shall be available from the Accounts of any Employees of the
Employer who have not yet become Members. Only one loan may be made to a Member
in the Plan Year, except that if an Employer provides in the Adoption Agreement
to make loans available from Employee rollover contributions and the earnings
thereon, a Member will be permitted to request a second loan in the Plan Year to
the extent of Employee rollover contributions and earnings thereon subject to
any other limitations provided under this Article.

The Employer may elect, in the Adoption Agreement, to make the loan program
available only in the event of hardship or financial necessity. Hardship or
financial necessity is defined as a significant health expense or a loss of
income due to illness or disability incurred by a Member, or the death of a
Member or an immediate family member of a Member. Hardship or financial
necessary also includes the purchase of a Member's principal place of residence
as well as paying for a college education (including graduate studies) for
either a Member or a Member's dependents.

Section 8.2  Loan Application

Subject to the restrictions described in the paragraph immediately following, a
Member in Employment may borrow from his Account in each of the available
Investment Funds by filing a loan application with the TPA. Such application
(hereinafter referred to as a "completed application") shall (i) specify the
terms pursuant to which the loan is requested to be made and (ii) provide such
information and documentation as the TPA shall require, including a note, duly
executed by the Member, granting a security interest of an amount not greater
than 50% of his vested Account, to secure the loan. With respect to such Member,
the completed application shall authorize the repayment of the loan through

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<PAGE>

payroll deductions. Such loan will become effective upon the Valuation Date
coinciding with or next following the date on which his completed application
and other required documents were submitted, subject to the same conditions with
respect to the amount to be transferred under this Section which are specified
in the Plan procedures for determining the amount of payments made under Article
VII of the Plan.

The Employer shall establish standards in accordance with the Code and ERISA
which shall be uniformly applicable to all Members eligible to borrow from their
interests in the Trust Fund similarly situated and shall govern the TPA's
approval or disapproval of completed applications. The terms for each loan shall
be set solely in accordance with such standards.

The TPA shall, in accordance with the established standards, review and approve
or disapprove a completed application as soon as practicable after its receipt
thereof, and shall promptly notify the applying Member of such approval or
disapproval. Notwithstanding the foregoing, the TPA may defer its review of a
completed application, or defer payment of the proceeds of an approved loan, if
the proceeds of the loan would otherwise be paid during the period commencing on
December 1 and ending on the following January 31.

Subject to the preceding paragraph and Section 8.6, upon approval of a completed
application, the TPA shall cause payment of the loan to be made from the
available Investment Fund(s) in the same proportion that the designated portion
of the Member's Account is invested at the time of the loan, and the relevant
portion of the Member's interest in such Investment Fund(s) shall be cancelled
and shall be transferred in cash to the Member. The TPA shall maintain
sufficient records regarding such amounts to permit an accurate crediting of
repayments of the loan.

Notwithstanding any provision of this Article VIII to the contrary, if an
Employer has elected in the Adoption Agreement to condition loans based upon a
Member's demonstrated hardship or financial necessity, the Plan Administrator,
in a uniform and nondiscriminatory manner, shall determine whether a Member has
incurred a hardship or financial necessity following the Member filing a loan
application with the TPA.

Section 8.3  Permitted Loan Amount

The amount of each loan may not be less than $1,000 nor more than the maximum
amount as described below. The maximum amount available for loan under the Plan
(when added to the outstanding balance of all other loans from the Plan to the
borrowing Member) shall not exceed the lesser of: (a) $50,000 reduced by the
excess (if any) of (i) the highest outstanding loan balance attributable to the
Account of the Member requesting the loan from the Plan during the one-year
period ending on the day preceding the date of the loan,

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over (ii) the outstanding balance of all other loans from the Plan to the Member
on the date of the loan, or (b) 50% of the value of the Member's vested portion
of his Account as of the Valuation Date on or next following the date on which
the TPA receives the completed application for the loan and all other required
documents. In determining the maximum amount that a Member may borrow, all
vested assets of his Account will be taken into consideration, provided that,
where the Employer has not elected to make a Member's entire Account available
for loans or where a Member's Account contains investments in a self-directed
brokerage account which shall not be available for loans, in no event shall the
amount of the loan exceed the value of such vested portion of the Member's
Account from which loans are permissible.

Section 8.4  Source of Funds for Loan

The amount of the loan will be deducted from the Member's Account in the
available Investment Funds in accordance with Section 8.2 of this Article and
the Plan procedures for determining the amount of payments made under Article
VII. Loans shall be deemed to come (to the extent the Employer permits Members
to take loans from one or more of the portions of their Accounts, as designated
in the Adoption Agreement):

..    First from the vested Employer profit sharing contributions plus earnings
     thereon.

..    Next from the Employer qualified nonelective contributions plus earnings
     thereon.

..    Next from the Member's 401(k) deferrals plus earnings thereon.

..    Next from the Member's safe harbor CODA contributions plus earnings
     thereon.

..    Next from the vested Employer basic contributions plus earnings thereon.

..    Next from the vested Employer supplemental contributions plus earnings
     thereon.

..    Next from the vested Employer matching contributions plus earnings thereon.
..    Next from the Member's rollover contributions plus earnings thereon.

..    Next from the Member's after-tax contributions made after December 31,1986
     plus earnings on all of the Member's after-tax contributions.

..    Next from the Member's after-tax contributions made prior to January 1,
     1987.

Section 8.5  Conditions of Loan

Each loan to a Member under the Plan shall be repaid in level monthly amounts
through regular payroll deductions after the effective date of the loan, and
continuing thereafter with each payroll. Except as otherwise required by the
Code and the IRS Regulations, each loan shall have a repayment period of not
less than 12 months and not in excess of 60 months, unless the purpose of the
loan is for the purchase of a primary residence, in which

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<PAGE>

case the loan may be for not more than 180 months. After the first 3 monthly
payments of the loan have been satisfied, the Member may pay the outstanding
loan balance (including accrued interest from the due date).

The rate of interest for the term of the loan will be established as of the loan
date, and will be the Barron's Prime Rate (base rate) plus 1% as published on
the last Saturday of the preceding month, or such other rate as may be required
by applicable law and determined by reference to the prevailing interest rate
charged by commercial lenders under similar circumstances. The applicable rate
would then be in effect through the last business day of the month.

Repayment of all loans under the Plan shall be secured by 50% of the Member's
vested interest in his Account, determined as of the origination of such loan.

Section 8.6  Crediting of Repayment

Upon lending any amount to a Member, the TPA shall establish and maintain a loan
receivable account with respect to, and for the term of, the loan. The
allocations described in this Section shall be made from the loan receivable
account. Upon receipt of each monthly installment payment and the crediting
thereof to the Member's loan receivable account, there shall be allocated to the
Member's Account in the available Investment Funds, in accordance with his most
recent investment instructions, the principal portion of the installment payment
plus that portion of the interest equal to the rate determined in Section 8.5 of
this Article. The unpaid balance owed by a Member on a loan under the Plan shall
not reduce the amount credited to his Account. However, from the time of payment
of the proceeds of the loan to the Member, such Account shall be deemed
invested, to the extent of such unpaid balance, in such loan until the complete
repayment thereof or distribution from such Account. Any loan repayment shall
first be deemed allocable to the portions of the Member's Account on the basis
of a reverse ordering of the manner in which the loan was originally distributed
to the Member.

Section 8.7  Cessation of Payments on Loan

If a Member, while employed, fails to make a monthly installment payment when
due, as specified in the completed application, subject to applicable law, he
will be deemed to have received a distribution of the outstanding balance of the
loan. If such default occurs after the first 3 monthly payments of the loan have
been satisfied, the Member may pay the outstanding balance, including accrued
interest from the due date, by the last day of the calendar quarter following
the calendar quarter which contains the due date of the last

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<PAGE>

monthly installment payment, in which case no such distribution will be deemed
to have occurred. Subject to applicable law, notwithstanding the foregoing, a
Member that borrows any of his 401(k) deferrals and any of the earnings
attributable thereto may not cease to make monthly installment payments while
employed and receiving a Salary from the Employer.

Except as provided below, upon a Member's termination of Employment, death or
Disability, or the Employer's termination of the Plan, no further monthly
installment payments may be made. Unless the outstanding balance, including
accrued interest from the due date, is paid by the last day of the calendar
quarter following the calendar quarter which contains the date of such
occurrence, the Member will be deemed to have received a distribution of the
outstanding balance of the loan including accrued interest from the due date.

Section 8.8  Loans to Former Members

Notwithstanding any other provisions of this Article VIII, a member who
terminates Employment for any reason shall be permitted to continue making
scheduled repayments with respect to any loan balance outstanding at the time he
becomes a terminated Member. In addition, a terminated Member or Beneficiary may
elect to initiate a new loan from his Account, subject to the conditions
otherwise described in this Article VIII. If any terminated Member who continues
to make repayments or any terminated Member or Beneficiary who borrows from his
Account pursuant to this Section 8.8 fails to make a scheduled monthly
installment payment by the last day of the calendar quarter following the
calendar quarter which contains the scheduled payment date, he will be deemed to
have received a distribution of the outstanding balance of the loan.

                                   ARTICLE IX
            ADMINISTRATION OF PLAN AND ALLOCATION OF RESPONSIBILITIES

Section 9.1  Fiduciaries

The following persons are Fiduciaries under the Plan.

a)  The Trustee,

b)  The Employer,

c)  The Plan Administrator or committee, appointed by the Employer pursuant to
    this Article IX of the Plan and designated as the "Named Fiduciary" of the
    Plan and the Plan Administrator, and

d)  Any Investment Manager appointed by the Employer as provided in Section 9.4.

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<PAGE>

Each of said Fiduciaries shall be bonded to the extent required by ERISA.

The TPA is not intended to have the authority or responsibilities which would
cause it to be considered a Fiduciary with respect to the Plan unless the TPA
otherwise agrees to accept such authority or responsibilities in a service
agreement or otherwise in writing.

Section 9.2 Allocation of Responsibilities Among the Fiduciaries

a)   The Trustee

     The Employer shall enter into one or more Trust Agreements with a Trustee
     or Trustees selected by the Employer. The Trust established under any such
     agreement shall be a part of the Plan and shall provide that all funds
     received by the Trustee as contributions under the Plan and the income
     therefrom (other than such part as is necessary to pay the expenses and
     charges referred to in Paragraph (b) of this Section) shall be held in the
     Trust Fund for the exclusive benefit of the Members or their Beneficiaries,
     and managed, invested and reinvested and distributed by the Trustee in
     accordance with the Plan. Sums received for investment may be invested (i)
     wholly or partly through the medium of any common, collective or commingled
     trust fund maintained by a bank or other financial institution and which is
     qualified under Sections 401(a) and 501(a) of the Code and constitutes a
     part of the Plan; (ii) wholly or partly through the medium of a group
     annuity or other type of contract issued by an insurance company and
     constituting a part of the Plan, and utilizing, under any such contract,
     general, commingled or individual investment accounts; or (iii) wholly or
     partly in securities issued by an investment company registered under the
     Investment Company Act of 1940. Subject to the provisions of Article XI,
     the Employer may from time to time and without the consent of any Member or
     Beneficiary (a) amend the Trust Agreement or any such insurance contract in
     such manner as the Employer may deem necessary or desirable to carry out
     the Plan, (b) remove the Trustee and designate a successor Trustee upon
     such removal or upon the resignation of the Trustee, and (c) provide for an
     alternate funding agency under the Plan. The Trustee shall make payments
     under the Plan only to the extent, in the amounts, in the manner, at the
     time, and to the persons as shall from time to time be set forth and
     designated in written authorizations from the Plan Administrator or TPA.

     The Trustee shall from time to time charge against and pay out of the Trust
     Fund taxes of any and all kinds whatsoever which are levied or assessed
     upon or become payable in respect of such Fund, the income or any property
     forming a part thereof, or any security transaction pertaining thereto. To
     the extent not paid by the Employer, the Trustee shall also charge against
     and pay out of the Trust Fund other expenses incurred by the Trustee in the
     performance of its duties under the Trust, the expenses incurred by the TPA
     in the performance of its duties under the Plan (including

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<PAGE>

     reasonable compensation for agents and cost of services rendered in respect
     of the Plan), such compensation of the Trustee as may be agreed upon from
     time to time between the Employer and the Trustee, and all other proper
     charges and disbursements of the Trustee, the Employer, or the Plan
     Administrator.

b)   The Employer

     The Employer shall be responsible for all functions assigned or reserved to
     it under the Plan and any related Trust Agreement. Any authority so
     assigned or reserved to the Employer, other than responsibilities assigned
     to the Plan Administrator, shall be exercised by resolution of the
     Employer's Board of Directors and shall become effective with respect to
     the Trustee upon written notice to the Trustee signed by the duly
     authorized officer of the Board advising the Trustee of such exercise. By
     way of illustration and not by limitation, the Employer shall have
     authority and responsibility:

     (1)    to amend the Plan;

     (2)    to merge and consolidate the Plan with all or part of the assets or
            liabilities of any other plan;

     (3)    to appoint, remove and replace the Trustee and the Plan
            Administrator and to monitor their performances;

     (4)    to appoint, remove and replace one or more Investment Managers, or
            to refrain from such appointments, and to monitor their
            performances;

     (5)    to communicate such information to the Plan Administrator, TPA,
            Trustee and Investment Managers as they may need for the proper
            performance of their duties; and

     (6)    to perform such additional duties as are imposed by law.

     Whenever, under the terms of this Plan, the Employer is permitted or
     required to do or perform any act, it shall be done and performed by an
     officer thereunto duly authorized by its Board of Directors.

c)   The Plan Administrator

     The Plan Administrator shall have responsibility and discretionary
     authority to control the operation and administration of the Plan in
     accordance with the provisions of Article IX of the Plan, including,
     without limiting, the generality of the foregoing:

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<PAGE>

     (1)    the determination of eligibility for benefits and the amount and
            certification thereof to the Trustee;

     (2)    the hiring of persons to provide necessary services to the Plan;

     (3)    the issuance of directions to the Trustee to pay any fees, taxes,
            charges or other costs incidental to the operation and management of
            the Plan;

     (4)    the preparation and filing of all reports required to be filed with
            respect to the Plan with any governmental agency; and

     (5)    the compliance with all disclosure requirements imposed by state or
            federal law.

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<PAGE>

d)   The Investment Manager

     Any Investment Manager appointed pursuant to Section 9.4 shall have sole
     responsibility for the investment of the portion of the assets of the Trust
     Fund to be managed and controlled by such Investment Manager. An Investment
     Manager may place orders for the purchase and sale of securities directly
     with brokers and dealers.

Section 9.3 No Joint Fiduciary Responsibilities

This Article IX is intended to allocate to each Fiduciary the individual
responsibility for the prudent execution of the functions assigned to him, and
none of such responsibilities or any other responsibilities shall be shared by
two or more of such Fiduciaries unless such sharing is provided by a specific
provision of the Plan or any related Trust Agreement. Whenever one Fiduciary is
required to follow the directions of another Fiduciary, the two Fiduciaries
shall not be deemed to have been assigned a shared responsibility, but the
responsibility of the Fiduciary giving the directions shall be deemed his sole
responsibility, and the responsibility of the Fiduciary receiving those
directions shall be to follow them insofar as such instructions are on their
face proper under applicable law. To the extent that fiduciary responsibilities
are allocated to an Investment Manager, such responsibilities are so allocated
solely to such Investment Manager alone, to be exercised by such Investment
Manager alone and not in conjunction with any other Fiduciary, and the Trustee
shall be under no obligation to manage any asset of the Trust Fund which is
subject to the management of such Investment Manager.

Section 9.4 Investment Manager

The Employer may appoint a qualified Investment Manager or Managers to manage
any portion or all of the assets of the Trust Fund. For the purpose of this Plan
and the related Trust, a "qualified Investment Manager" means an individual,
firm or corporation who has been so appointed by the Employer to serve as
Investment Manager hereunder, and who is and has acknowledged in writing that he
is (a) a Fiduciary with respect to the Plan, (b) bonded as required by ERISA,
and (c) either (i) registered as an investment advisor under the Investment
Advisors Act of 1940, (ii) a bank as defined in said Act, or (iii) an insurance
company qualified to perform investment management services under the laws of
more than one state of the United States.

Any such appointment shall be by a vote of the Board of Directors of the
Employer naming the Investment Manager so appointed and designating the portion
of the assets of the Trust Fund to be managed and controlled by such Investment
Manager. Said vote shall be evidenced by a certificate in writing signed by the
duly authorized officer of the Board and

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<PAGE>

shall become effective on the date specified in such certificate but not before
delivery to the Trustee of a copy of such certificate, together with a written
acknowledgment by such Investment Manager of the facts specified in the second
sentence of this Section.

Section 9.5   Advisor to Fiduciary

A Fiduciary may employ one or more persons to render advice concerning any
responsibility such Fiduciary has under the Plan and related Trust Agreement.

Section 9.6   Service in Multiple Capacities

Any person or group of persons may serve in more than one fiduciary capacity
with respect to the Plan, specifically including service both as Plan
Administrator and as a Trustee of the Trust; provided, however, that no person
may serve in a fiduciary capacity who is precluded from so serving pursuant to
Section 411 of ERISA.

Section 9.7   Appointment of Plan Administrator

The Employer shall designate the Plan Administrator in the Adoption Agreement.
The Plan Administrator may be an individual, a committee of two or more
individuals, whether or not, in either such case, the individual or any of such
individuals are Employees of the Employer, a consulting firm or other
independent agent, the Trustee (with its consent), the Board of the Employer, or
the Employer itself. Except as the Employer shall otherwise expressly determine,
the Plan Administrator shall be charged with the full power and responsibility
for administering the Plan in all its details. If no Plan Administrator has been
appointed by the Employer, or if the person designated as Plan Administrator is
not serving as such for any reason, the Employer shall be deemed to be the Plan
Administrator. The Plan Administrator may be removed by the Employer or may
resign by giving written notice to the Employer, and, in the event of the
removal, resignation, death or other termination of service of the Plan
Administrator, the Employer shall, as soon as is practicable, appoint a
successor Plan Administrator, such successor thereafter to have all of the
rights, privileges, duties and obligations of the predecessor Plan
Administrator.

Section 9.8   Powers of the Plan Administrator

The Plan Administrator is hereby vested with all powers and authority necessary
in order to carry out its duties and responsibilities in connection with the
administration of the Plan as herein provided, and is authorized to make such
rules and regulations as it may deem necessary to carry out the provisions of
the Plan and the Trust Agreement. The Plan Administrator may from time to time
appoint agents to perform such functions involved in the administration of the
Plan as it may deem advisable. The Plan Administrator shall have the
discretionary authority to determine any questions arising in the
administration,

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<PAGE>

interpretation and application of the Plan, including any questions submitted by
the Trustee on a matter necessary for it to properly discharge its duties; and
the decision of the Plan Administrator shall be conclusive and binding on all
persons.

Section 9.9    Duties of the Plan Administrator

The Plan Administrator shall keep on file a copy of the Plan and the Trust
Agreement(s), including any subsequent amendments, and all annual reports of the
Trustee(s), and such annual reports or registration statements as may be
required by the laws of the United States, or other jurisdiction, for
examination by Members in the Plan during reasonable business hours. Upon
request by any Member, the Plan Administrator shall furnish him with a statement
of his interest in the Plan as determined by the Plan Administrator as of the
close of the preceding Plan Year.

Section 9.10   Action by the Plan Administrator

In the event that there shall at any time be two or more persons who constitute
the Plan Administrator, such persons shall act by concurrence of a majority
thereof.

Section 9.11   Discretionary Action

Wherever, under the provisions of this Plan, the Plan Administrator is given any
discretionary power or powers, such power or powers shall not be exercised in
such manner as to cause any discrimination prohibited by the Code in favor of or
against any Member, Employee or class of Employees. Any discretionary action
taken by the Plan Administrator hereunder shall be consistent with any prior
discretionary action taken by it under similar circumstances and to this end the
Plan Administrator shall keep a record of all discretionary action taken by it
under any provision hereof.

Section 9.12   Compensation and Expenses of Plan Administrator

Employees of the Employer shall serve without compensation for services as Plan
Administrator, but all expenses of the Plan Administrator shall be paid by the
Employer or in accordance with Section 9.2. Such expenses shall include any
expenses incidental to the functioning of the Plan, including, but not limited
to, attorney's fees, accounting and clerical charges, and other costs of
administering the Plan. Non-Employee Plan Administrators shall receive such
compensation as the Employer shall determine.

Section 9.13   Reliance on Others

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The Plan Administrator and the Employer shall be entitled to rely upon all
valuations, certificates and reports furnished by the Trustee(s), upon all
certificates and reports made by an accountant or actuary selected by the Plan
Administrator and approved by the Employer and upon all opinions given by any
legal counsel selected by the Plan Administrator and approved by the Employer,
and the Plan Administrator and the Employer shall be fully protected in respect
of any action taken or suffered by them in good faith in reliance upon such
Trustee(s), accountant, actuary or counsel and all action so taken or suffered
shall be conclusive upon each of them and upon all Members, retired Members, and
Former Members and their Beneficiaries, and all other persons.

Section 9.14  Self Interest

No person who is the Plan Administrator shall have any right to decide upon any
matter relating solely to himself or to any of his rights or benefits under the
Plan. Any such decision shall be made by another Plan Administrator or the
Employer.

Section 9.15  Personal Liability - Indemnification

The Plan Administrator shall not be personally liable by virtue of any
instrument executed by him or on his behalf. Neither the Plan Administrator, the
Employer, nor any of its officers or directors shall be personally liable for
any action or inaction with respect to any duty or responsibility imposed upon
such person by the terms of the Plan unless such action or inaction is
judicially determined to be a breach of that person's fiduciary responsibility
with respect to the Plan under any applicable law. The limitation contained in
the preceding sentence shall not, however, prevent or preclude a compromise
settlement of any controversy involving the Plan, the Plan Administrator, the
Employer, or any of its officers and directors. The Employer may advance money
in connection with questions of liability prior to any final determination of a
question of liability. Any settlement made under this Article IX shall not be
determinative of any breach of fiduciary duty hereunder.

The Employer will indemnify every person who is or was a Plan Administrator,
officer or member of the Board or a person who provides services without
compensation to the Plan for any liability (including reasonable costs of
defense and settlement) arising by reason of any act or omission affecting the
Plan or affecting the Member or Beneficiaries thereof, including, without
limitation, any damages, civil penalty or excise tax imposed pursuant to ERISA;
provided (1) that the act or omission shall have occurred in the course of the
person's service as Plan Administrator, officer of the Employer or member of the
Board or was within the scope of the Employment of any Employee of the Employer
or in connection with a service provided without compensation to the Plan, (2)
that the act or omission be in good faith as determined by the Employer, whose
determination, made in good faith and not arbitrarily or capriciously, shall be
conclusive, and (3) that the Employer's obligation

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<PAGE>

hereunder shall be offset to the extent of any otherwise applicable insurance
coverage, under a policy maintained by the Employer, or any other person, or
other source of indemnification.

Section 9.16  Insurance

The Plan Administrator shall have the right to purchase such insurance as it
deems necessary to protect the Plan and the Trustee from loss due to any breach
of fiduciary responsibility by any person. Any premiums due on such insurance
may be paid from Plan assets provided that, if such premiums are so paid, such
policy of insurance must permit recourse by the insurer against the person who
breaches his fiduciary responsibility. Nothing in this Article IX shall prevent
the Plan Administrator or the Employer, at its, or his, own expense, from
providing insurance to any person to cover potential liability of that person as
a result of a breach of fiduciary responsibility, nor shall any provisions of
the Plan preclude the Employer from purchasing from any insurance company the
right of recourse under any policy by such insurance company.

Section 9.17  Claims Procedures

Claims for benefits under the Plan shall be filed with the Plan Administrator on
forms supplied by the Employer. Written notice of the disposition of a claim
shall be furnished to the claimant within 90 days after the application thereof
is filed unless special circumstances require an extension of time for
processing the claim. If such an extension of time is required, written notice
of the extension shall be furnished to the claimant prior to the termination of
said 90-day period, and such notice shall indicate the special circumstances
which make the postponement appropriate.

Section 9.18  Claims Review Procedures

In the event a claim is denied, the reasons for the denial shall be specifically
set forth in the notice described in this Section 9.18 in language calculated to
be understood by the claimant. Pertinent provisions of the Plan shall be cited,
and, where appropriate, an explanation as to how the claimant can request
further consideration and review of the claim will be provided. In addition, the
claimant shall be furnished with an explanation of the Plan's claims review
procedures. Any Employee, former Employee, or Beneficiary of either, who has
been denied a benefit by a decision of the Plan Administrator pursuant to
Section 9.17 shall be entitled to request the Plan Administrator to give further
consideration to his claim by filing with the Plan Administrator (on a form
which may be obtained from the Plan Administrator) a request for a hearing. Such
request, together with a written statement of the reasons why the claimant
believes his claim should be allowed, shall be filed with the Plan Administrator
no later than 60 days after receipt of the written notification provided for in
Section 9.17. The Plan Administrator shall then conduct a hearing within the
next 60

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<PAGE>

days, at which the claimant may be represented by an attorney or any other
representative of his choosing and at which the claimant shall have an
opportunity to submit written and oral evidence and arguments in support of his
claim. At the hearing (or prior thereto upon 5 business days' written notice to
the Plan Administrator), the claimant or his representative shall have an
opportunity to review all documents in the possession of the Plan Administrator
which are pertinent to the claim at issue and its disallowance. A final
disposition of the claim shall be made by the Plan Administrator within 60 days
of receipt of the appeal unless there has been an extension of 60 days and shall
be communicated in writing to the claimant. Such communication shall be written
in a manner calculated to be understood by the claimant and shall include
specific reasons for the disposition and specific references to the pertinent
Plan provisions on which the disposition is based. For all purposes under the
Plan, such decision on claims (where no review is requested) and decision on
review (where review is requested) shall be final, binding and conclusive on all
interested persons as to participation and benefits eligibility, the amount of
benefits and as to any other matter of fact or interpretation relating to the
Plan.

                                    ARTICLE X
                            MISCELLANEOUS PROVISIONS

Section 10.1 General Limitations

(A)     In order that the Plan be maintained as a qualified plan and trust under
     the Code, contributions in respect of a Member shall be subject to the
     limitations set forth in this Section, notwithstanding any other provision
     of the Plan. The contributions in respect of a Member to which this Section
     is applicable are his own contributions and/or deferrals and the Employer's
     contributions.

     For purposes of this Section 10.1, a Member's contributions shall be
     determined without regard to any rollover contributions as provided in
     Section 402(a)(5) of the Code.

(B)  Limitations on Allocations

     (1)  If the Member does not participate in, and has never participated in
          another qualified plan maintained by the Employer or a welfare benefit
          fund, as defined in Plan 419(e) of the Code maintained by the
          Employer, or an individual medical account, as defined in Plan
          415(l)(2) of the Code, maintained by the employer, or a simplified
          employee pension, as defined in Plan 408(k) of the Code, maintained by
          the Employer, which provides an annual addition as defined in
          paragraph 13, the amount of annual additions which may be credited

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<PAGE>

     to the Member's account for any limitation year will not exceed the lesser
     of the maximum permissible amount or any other limitation contained in this
     Plan. If the Employer contribution that would otherwise be contributed or
     allocated to the Member's account would cause the annual additions for the
     limitation year to exceed the maximum permissible amount, the amount
     contributed or allocated will be reduced so that the annual additions for
     the limitation year will equal the maximum permissible amount.

(2)  Prior to determining the Member's actual compensation for the limitation
     year, the Employer may determine the maximum permissible amount for a
     Member on the basis of a reasonable estimation of the Member's compensation
     for the limitation year, uniformly determined for all Members similarly
     situated.

(3)  As soon as is administratively feasible after the end of the limitation
     year, the maximum permissible amount for the limitation year will be
     determined on the basis of the Member's actual compensation for the
     limitation year.

(4)  If pursuant to paragraph 3 above or as a result of the allocation of
     forfeitures, there is an excess amount the excess will be disposed of as
     follows:

     (a)  Any nondeductible voluntary employee contributions (plus attributable
          earnings), to the extent they would reduce the excess amount, will be
          returned to the Member;

     (b)  If after the application of paragraph (a) an excess amount still
          exists, any elective deferrals (plus attributable earnings), to the
          extent they would reduce the excess amount, will be distributed to the
          Member;

     (c)  If after the application of paragraph (b) an excess amount still
          exists, and the Member is covered by the Plan at the end of the
          limitation year, the excess amount in the Member's account will be
          used to reduce employer contributions (including any allocation of
          forfeitures) for such Member in the next limitation year, and each
          succeeding limitation year if necessary.

     (d)  If after the application of paragraph (b) an excess amount still
          exists, and the Member is not covered by the Plan at the end of a
          limitation year, the excess amount will be held unallocated in a
          suspense account. The suspense account will be applied to reduce
          future employer contributions for all remaining Members in the next
          limitation year, and each succeeding limitation year if necessary.

     (e)  If a suspense account is in existence at any time during a limitation
          year

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<PAGE>

          pursuant to this paragraph 4, it will not participate in the
          allocation of investment gains and losses. If a suspense account is in
          existence at any time during a particular limitation year, all amounts

                                       73

<PAGE>

          in the suspense account must be allocated and reallocated to Members'
          accounts before any employer or any employee contributions may be made
          to the Plan for that limitation year. Excess amounts may not be
          distributed to Members or former Members.

(1)  This paragraph applies if, in addition to this Plan, the Member is covered
     under another qualified master or prototype defined contribution plan
     maintained by the Employer, a welfare benefit fund maintained by the
     Employer, an individual medical account maintained by the Employer, or a
     simplified employee pension maintained by the Employer, that provides an
     annual addition as defined in paragraph 13, during any limitation year. The
     annual additions which may be credited to a Member's account under this
     Plan for any such limitation year will not exceed the maximum permissible
     amount reduced by the annual additions credited to a Member's account under
     the other qualified master and prototype defined contribution plans,
     welfare benefit funds, individual medical accounts, and simplified employee
     pensions for the same limitation year. If the annual additions with respect
     to the Member under other qualified master and prototype defined
     contribution plans, welfare benefit funds, individual medical accounts, and
     simplified employee pensions maintained by the Employer are less than the
     maximum permissible amount and the employer contribution that would
     otherwise be contributed or allocated to the Member's account under this
     Plan would cause the annual additions for the limitation year to exceed
     this limitation, the amount contributed or allocated will be reduced so
     that the annual additions under all such plans and funds for the limitation
     year will equal the maximum permissible amount. If the annual additions
     with respect to the Member under such other qualified master and prototype
     defined contribution plans, welfare benefit funds, individual medical
     accounts, and simplified employee pensions in the aggregate are equal to or
     greater than the maximum permissible amount, no amount will be contributed
     or allocated to the Member's account under this Plan for the limitation
     year.

(6)  Prior to determining the Member's actual compensation for the limitation
     year, the Employer may determine the maximum permissible amount for a
     Member in the manner described in paragraph 2.

(7)  As soon as is administratively feasible after the end of the limitation
     year, the maximum permissible amount for the limitation year will be
     determined on the basis of the Member's actual compensation for the
     limitation year.

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<PAGE>

(8)  If, pursuant to paragraph 7 or as a result of the allocation of
     forfeitures, a Member's annual additions under this Plan and such other
     plans would result in an excess amount for a limitation year, the excess
     amount will be deemed to consist of the annual additions last allocated,
     except that annual additions attributable to a simplified employee pension
     will be deemed to have been allocated first, followed by annual additions
     to a welfare benefit fund or individual medical account, regardless of the
     actual allocation date.

(9)  If an excess amount was allocated to a Member on an allocation date of this
     Plan which coincides with an allocation date of another plan, the excess
     amount attributed to this Plan will be the product of:

     (a) the total excess amount allocated as of such date, times

     (b) the ratio of (i) the annual additions allocated to the Member for the
         limitation year as of such date under this Plan to (ii) the total
         annual additions allocated to the Member for the limitation year as of
         such date under this and all the other qualified master or prototype
         defined contribution plans.

(1)  Any excess amount attributed to this Plan will be disposed in the manner
     described in paragraph 4.

(1)  If the Member is covered under another qualified defined contribution plan
     maintained by the employer which is not a master or prototype plan, annual
     additions which may be credited to the Member's account under this Plan for
     any limitation year will be limited in accordance with paragraphs 5 through
     10 as though the other plan were a master or prototype plan.

(1)  If the employer maintains, or at any time maintained, a qualified defined
     benefit plan covering any Member in this Plan, the sum of the Member's
     defined benefit plan fraction and defined contribution plan fraction will
     not exceed 1.0 in any limitation year. The annual additions which may be
     credited to the Member's account under this Plan for any limitation year
     will be limited in accordance with the adoption agreement. This paragraph
     12 does not apply for limitation years beginning on or after January 1,
     2000.

(1)  Definitions - Annual additions: The sum of the following amounts credited
     to a Member's account for the limitation year:

     (a) employer contributions;

     (b) employee contributions;

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<PAGE>

     (c)  forfeitures;

     (d)  amounts allocated, after March 31, 1984, to an individual medical
          account, as defined in Plan 415(l)(2) of the Code, which is part of a
          pension or annuity plan maintained by the employer are treated as
          annual additions to a defined contribution plan. Also amounts derived
          from contributions paid or accrued after December 31, 1985, in taxable
          years ending after such date, which are attributable to
          post-retirement medical benefits, allocated to the separate account of
          a key employee, as defined in Plan 419A(d)(3) of the Code, under a
          welfare benefit fund, as defined in Plan 419(e) of the Code,
          maintained by the employer are treated as annual additions to a
          defined contribution plan; and

     (e)  allocations under a simplified employee pension. For this purpose, any
          excess amount applied under paragraphs 4 or 10 in the limitation year
          to reduce employer contributions will be considered annual additions
          for such limitation year.

     Compensation will mean compensation as required to be reported under Plans
     6041, 6051, and 6052 of the Code (Wages, tips and other compensation as
     reported on Form W-2). Compensation is defined as

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<PAGE>

     wages within the meaning of Plan 3401(a) and all other payments of
     compensation to an employee by the employer (in the course of the
     employer's trade or business) for which the employer is required to furnish
     the employee a written statement under Plans 6041(d), 6051(a)(3), and 6052.
     Compensation must be determined without regard to any rules under Plan
     3401(a) that limit the remuneration included in wages based on the nature
     or location of the employment or the services performed (such as the
     exception for agricultural labor in Plan 3401(a)(2)).

     For any self-employed individual, compensation will mean earned income. For
     limitation years beginning after December 31, 1991, for purposes of
     applying the limitations of this article, compensation for a limitation
     year is the compensation actually paid or made available in gross income
     during such limitation year. Notwithstanding the preceding sentence,
     compensation for a Member in a defined contribution plan who is permanently
     and totally disabled (as defined in Section 22(e)(3) of the Internal
     Revenue Code) is the compensation such Member would have received for the
     limitation year if the Member had been paid at the rate of compensation
     paid immediately before becoming permanently and totally disabled; for
     limitation years beginning before January 1, 1997, such imputed
     compensation for the disabled Member may be taken into account only if the
     Member is not a Highly Compensated Employee and contributions made on
     behalf of such Member are nonforfeitable when made. For limitation years
     beginning after December 31, 1997, for purposes of applying the limitations
     of this article, compensation paid or made available during such limitation
     year shall include any elective deferral (as defined in Code Plan
     402(g)(3)), and any amount which is contributed or deferred by the employer
     at the election of the employee and which is not includable in the gross
     income of the employee by reason of Plan 125 or 457.

(14) Defined benefit fraction: A fraction, the numerator of which is the sum of
     the Member's projected annual benefits under all the defined benefit plans
     (whether or not terminated) maintained by the employer, and the denominator
     of which is the lesser of 125 percent of the dollar limitation determined
     for the limitation year under Plans 415(b) and (d) of the Code or 140
     percent of the highest average compensation, including any adjustments
     under Plan 415(b) of the Code. Notwithstanding the above, if the Member was
     a Member as of the first day of the first limitation year beginning after
     December 31, 1986, in

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<PAGE>

     one or more defined benefit plans maintained by the employer which were in
     existence on May 6, 1986, the denominator of this fraction will not be less
     than 125 percent of the sum of the annual benefits under such plans which
     the Member had accrued as of the close of the last limitation year
     beginning before January 1, 1987, disregarding any changes in the terms and
     conditions of the Plan after May 5, 1986. The preceding sentence applies
     only if the defined benefit plans individually and in the aggregate
     satisfied the requirements of Plan 415 for all limitation years beginning
     before January 1, 1987.

(1)  Defined contribution dollar limitation: $30,000, as adjusted under Plan
     415(d).

(1)  Defined contribution fraction: A fraction, the numerator of which is the
     sum of the annual additions to the Member's account under all the defined
     contribution plans (whether or not terminated) maintained by the employer
     for the current and all prior limitation years (including the annual
     additions attributable to the Member's nondeductible employee contributions
     to all defined benefit plans, whether or not terminated, maintained by the
     employer, and the annual additions attributable to all welfare benefit
     funds, individual medical accounts, and simplified employee pensions,
     maintained by the employer), and the denominator of which is the sum of the
     maximum aggregate amounts for the current and all prior limitation years of
     service with the employer (regardless of whether a defined contribution
     plan was maintained by the employer). The maximum aggregate amount in any
     limitation year is the lesser of 125 percent of the dollar limitation
     determined under Plans 415(b) and (d) of the Code in effect under Plan
     415(c)(l)(A) of the Code or 35 percent of the Member's compensation for
     such year. If the employee was a Member as of the end of the first day of
     the first limitation year beginning after December 31, 1986, in one or more
     defined contribution plans maintained by the employer which were in
     existence on May 6, 1986, the numerator of this fraction will be adjusted
     if the sum of this fraction and the defined benefit fraction would
     otherwise exceed 1.0 under the terms of this Plan. Under the adjustment, an
     amount equal to the product of (1) the excess of the sum of the fractions
     over 1.0 times (2) the denominator of this fraction, will be permanently
     subtracted from the numerator of this fraction. The adjustment is
     calculated using the fractions as they would be computed as of the end of
     the last limitation year beginning before January 1, 1987, and disregarding
     any changes in the terms and conditions of the Plan made after

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<PAGE>

     May 5, 1986, but using the Plan 415 limitation applicable to the first
     limitation year beginning on or after January 1, 1987. The annual addition
     for any limitation year beginning before January 1, 1987, shall not be
     recomputed to treat all employee contributions as annual additions.

(1)  For purposes of this Section, Employer shall mean the employer that adopts
     this Plan, and all members of a controlled group of corporations (as
     defined in Plan 414(b) of the Code as modified by Plan 415(h)), all
     commonly controlled trades or businesses (as defined in Plan 414(c) as
     modified by Plan 415(h)) or affiliated service groups (as defined in Plan
     414(m)) of which the adopting employer is a part, and any other entity
     required to be aggregated with the employer pursuant to regulations under
     Plan 414(o) of the Code.

(1)  Excess amount: The excess of the Member's annual additions for the
     limitation year over the maximum permissible amount.

(2)  Highest average compensation: The average compensation for the three
     consecutive years of service with the employer that produces the highest
     average.

(3)  Limitation year: The limitation year as specified by the Employer in the
     Adoption Agreement. All qualified plans maintained by the employer must use
     the same limitation year. If the limitation year is amended to a different
     12- consecutive month period, the new limitation year must begin on a date
     within the limitation year in which the amendment is made.

(4)  Master or prototype plan: A plan the form of which is the subject of a
     favorable opinion letter from the Internal Revenue Service.

(1)  Maximum permissible amount: The maximum annual addition that may be
     contributed or allocated to a Member's account under the Plan for any
     limitation year shall not exceed the lesser of:

     (a)  the defined contribution dollar limitation, or

     (b)  25 percent of the Member's compensation for the limitation year. The
          compensation limitation referred to in (b) shall not apply to any
          contribution for medical benefits (within the meaning of Plan 401(h)
          or Plan 419A(f)(2) of the Code) which is otherwise treated as an
          annual addition under Plan 415(l)(1) or 419A(d)(2) of the Code. If a
          short limitation year is created because of an amendment changing the
          limitation year to a different 12-consecutive month period, the
          maximum permissible amount will not exceed the defined contribution
          dollar limitation multiplied by the following fraction:

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<PAGE>

                  Number of Months in the Short Limitation Year
                  ---------------------------------------------
                                       12

     (1)  Projected Annual Benefit: The annual retirement benefit (adjusted to
          an actuarially equivalent straight life annuity if such benefit is
          expressed in a form other than a straight life annuity or qualified
          joint and survivor annuity) to which the Member would be entitled
          under the terms of the Plan assuming:

          (a) the Member will continue employment until normal retirement age
              under the Plan (or current age, if later), and

          (b) the Member's compensation for the current limitation year and all
              other relevant factors used to determine benefits under the Plan
              will remain constant for all future limitation years.

(C)  Membership in the Plan shall not give any Employee the right to be retained
     in the Employment of the Employer and shall not affect the right of the
     Employer to discharge any Employee.

(D)  Each Member, Spouse and Beneficiary assumes all risk in connection with any
     decrease in the market value of the assets of the Trust Fund. Neither the
     Employer nor the Trustee guarantees that upon withdrawal, the value of a
     Member's Account will be equal to or greater than the amount of the
     Member's own deferrals or contributions, or those credited on his behalf in
     which the Member has a vested interest, under the Plan.

(E)  The establishment, maintenance or crediting of a Member's Account pursuant
     to the Plan shall not vest in such Member any right, title or interest in
     the Trust Fund except at the times and upon the terms and conditions and to
     the extent expressly set forth in the Plan and the Trust Agreement.

(F)  The Trust Fund shall be the sole source of payments under the Plan and the
     Employer, Plan Administrator and TPA assume no liability or responsibility
     for such payments, and each Member, Spouse or Beneficiary who shall claim
     the right to any payment under the Plan shall be entitled to look only to
     the Trust Fund for such payment.

Section 10.2  Top Heavy Provisions

The Plan will be considered a Top Heavy Plan for any Plan Year if it is
determined to be a Top Heavy Plan as of the last day of the preceding Plan Year.
The provisions of this Section 10.2 shall apply and supersede all other
provisions in the Plan during each Plan

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<PAGE>

Year with respect to which the Plan is determined to be a Top Heavy Plan.

(A)  For purposes of this Section 10.2, the following terms shall have the
     meanings set forth below:

     (1)  "Affiliate" shall mean any entity affiliated with the Employer within
          the meaning of Section 414(b), 414(c) or 414(m) of the Code, or
          pursuant to the IRS Regulations under Section 414(o) of the Code,
          except that for purposes of applying the provisions hereof with
          respect to the limitation on contributions, Section 415(h) of the Code
          shall apply.

     (2)  "Aggregation Group" shall mean the group composed of each qualified
          retirement plan of the Employer or an Affiliate in which a Key
          Employee is a member and each other qualified retirement plan of the
          Employer or an Affiliate which enables a plan of the Employer or an
          Affiliate in which a Key Employee is a member to satisfy Sections
          401(a)(4) or 410 of the Code. In addition, the TPA, at the direction
          of the Plan Administrator, may choose to treat any other qualified
          retirement plan as a member of the Aggregation Group if such
          Aggregation Group will continue to satisfy Sections 401(a)(4) and 410
          of the Code with such plan being taken into account.

     (3)  "Key Employee" shall mean a "Key Employee" as defined in Sections
          416(i)(1) and (5) of the Code and the IRS Regulations thereunder. For
          purposes of Section 416 of the Code and for purposes of determining
          who is a Key Employee, an Employer which is not a corporation may have
          "officers" only for Plan Years beginning after December 31, 1985. For
          purposes of determining who is a Key Employee pursuant to this
          Subparagraph (3), compensation shall have the meaning prescribed in
          Section 414(s) of the Code, or to the extent required by the Code or
          the IRS Regulations, Section 1.415-2(d) of the IRS Regulations.

     (4)  "Non-Key Employee" shall mean a "Non-Key Employee" as defined in
          Section 416(i)(2) of the Code and the IRS Regulations thereunder.

     (5)  "Top Heavy Plan" shall mean a "Top Heavy Plan" as defined in Section
          416(g) of the Code and the IRS Regulations thereunder.

(B)  Subject to the provisions of Paragraph (D) below, for each Plan Year that
     the Plan is a Top Heavy Plan, the Employer's contribution (including
     contributions attributable to salary reduction or similar arrangements)
     allocable to each Employee (or to all eligible employees other than Key
     Employees at the election of the Employer) who has satisfied the
     eligibility requirement(s) of Article II, Section 2, and who is in service
     at the end of the Plan Year, shall not be less than the lesser of (i) 3% of
     such eligible

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<PAGE>

     Employee's compensation (as defined in Section 414(s) of the Code or to the
     extent required by the Code or the IRS Regulations, Section 1.415-2(d) of
     the Regulations), or (ii) the percentage at which Employer contributions
     for such Plan Year are made and allocated on behalf of the Key Employee for
     whom such percentage is the highest. For the purpose of determining the
     appropriate percentage under clause (ii), all defined contribution plans
     required to be included in an Aggregation Group shall be treated as one
     plan. Clause (ii) shall not apply if the Plan is required to be included in
     an Aggregation Group which enables a defined benefit plan also required to
     be included in said Aggregation Group to satisfy Sections 401(a)(4) or 410
     of the Code.

(C)  If the Plan is a Top Heavy Plan for any Plan Year and (i) the Employer has
     elected a vesting schedule under Article VI for an employer contribution
     type which does not satisfy the minimum Top Heavy vesting requirements or
     (ii) if the Employer has not elected a vesting schedule for an employer
     contribution type, the vested interest of each Member, who is credited with
     at least one Hour of Employment on or after the Plan becomes a Top Heavy
     Plan, for each employer contribution type in his Account described in
     clause (i) or (ii) above, shall not be less than the percentage determined
     in accordance with the following schedule:

                           Completed Years of          Vested
                               Employment            Percentage
                           ------------------        ----------
                           Less than 2                    0%
                           2 but less than 3             20%
                           3 but less than 4             40%
                           4 but less than 5             60%
                           5 but less than 6             80%
                           6 or more                    100%

     Notwithstanding the schedule provided above, if the Plan is a Top Heavy
     Plan for any Plan Year and if an Employer has elected a cliff vesting
     schedule for an employer contribution type described in clause (i) or (ii)
     above, the vested interest of each Member, who is credited with at least
     one Hour of Employment on or after the Plan becomes a Top Heavy Plan, for
     such employer contribution type in his Account, shall not be less than the
     percentage determined in accordance with the following schedule:

                           Completed Years of          Vested
                               Employment            Percentage
                           ------------------        ----------
                               Less than 3               0%
                               3 or more               100%

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<PAGE>

     In the event that an Employer elects, in its Adoption Agreement, to use the
     hour of service method for determining vesting service, Year of Service
     shall be substituted for Year of Employment for determining vesting under
     this Article X.

(D)  The TPA shall, to the maximum extent permitted by the Code and in
     accordance with the IRS Regulations, apply the provisions of this Section
     10.2 by taking into

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<PAGE>

     account the benefits payable and the contributions made under any other
     qualified plan maintained by the Employer, to prevent inappropriate
     omissions or required duplication of minimum contributions.

Section 10.3 Information and Communications

Each Employer, Member, Spouse and Beneficiary shall be required to furnish the
TPA with such information and data as may be considered necessary by the TPA.
All notices, instructions and other communications with respect to the Plan
shall be in such form as is prescribed from time to time by the TPA, shall be
mailed by first class mail or delivered personally, and shall be deemed to have
been duly given and delivered only upon actual receipt thereof by the TPA. All
information and data submitted by an Employer or a Member, including a Member's
birth date, marital status, salary and circumstances of his Employment and
termination thereof, may be accepted and relied upon by the TPA. All
communications from the Employer or the Trustee to a Member, Spouse or
Beneficiary shall be deemed to have been duly given if mailed by first class
mail to the address of such person as last shown on the records of the Plan.

Section 10.4 Small Account Balances

Notwithstanding the foregoing provisions of the Plan, and except as provided in
Section 7.3, if the value of all portions of a Member's Account under the Plan,
when aggregated, is equal to or exceeds $500, then the Account will not be
distributed without the consent of the Member prior to age 65 (at the earliest),
but if the aggregate value of all portions of his Account is less than $500,
then his Account will be distributed as soon as practicable following the
termination of Employment by the Member.

Section 10.5 Amounts Payable to Incompetents, Minors or Estates

If the Plan Administrator shall find that any person to whom any amount is
payable under the Plan is unable to care for his affairs because of illness or
accident, or is a minor, or has died, then any payment due him or his estate
(unless a prior claim therefor has been made by a duly appointed legal
representative) may be paid to his Spouse, relative or any other person deemed
by the Plan Administrator to be a proper recipient on behalf of such person
otherwise entitled to payment. Any such payment shall be a complete discharge of
the liability of the Trust Fund therefor.

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<PAGE>

Section 10.6 Non-Alienation of Amounts Payable

Except insofar as may otherwise be required by applicable law, or Article VIII,
or pursuant to the terms of a Qualified Domestic Relations Order, no amount
payable under the Plan shall be subject in any manner to alienation by
anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment, charge
or encumbrance of any kind, and any attempt to so alienate shall be void; nor
shall the Trust Fund in any manner be liable for or subject to the debts or
liabilities of any person entitled to any such amount payable; and further, if
for any reason any amount payable under the Plan would not devolve upon such
person entitled thereto, then the Employer, in its discretion, may terminate his
interest and hold or apply such amount for the benefit of such person or his
dependents as it may deem proper. For the purposes of the Plan, a "Qualified
Domestic Relations Order" means any judgment, decree or order (including
approval of a property settlement agreement) which has been determined by the
Plan Administrator, in accordance with procedures established under the Plan, to
constitute a Qualified Domestic Relations Order within the meaning of Section
414(p)(1) of the Code (or any domestic relations order entered before January 1,
1985). No amounts may be withdrawn under Article VII, and no loans granted under
Article VIII, if the TPA has received a document which may be determined
following its receipt to be a Qualified Domestic Relations Order prior to
completion of review of such order by the Plan Administrator within the time
period prescribed for such review by the IRS Regulations.

Section 10.7 Unclaimed Amounts Payable

If the TPA cannot ascertain the whereabouts of any person to whom an amount is
payable under the Plan, and if, after 5 years from the date such payment is due,
a notice of such payment due is mailed to the address of such person, as last
shown on the records of the Plan, and within 3 months after such mailing such
person has not filed with the TPA or Plan Administrator written claim therefor,
the Plan Administrator may direct in accordance with ERISA that the payment
(including the amount allocable to the Member's contributions) be cancelled, and
used in abatement of the Plan's administrative expenses, provided that
appropriate provision is made for re-crediting the payment if such person
subsequently makes a claim therefor.

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Section 10.8 Leaves of Absence

(A)  If the Employer's personnel policies allow leaves of absence for all
     similarly situated Employees on a uniformly available basis under the
     circumstances described in Paragraphs (B)(1)-(4) below, then contribution
     allocations and vesting service will continue to the extent provided in
     Paragraphs (B)(1)-(4).

(B)  For purposes of the Plan, there are four types of approved Leaves of
     Absence:

     (1)  Nonmilitary leave granted to a Member for a period not in excess of
          one year during which service is recognized for vesting purposes and
          the Member is entitled to share in any supplemental contributions
          under Article III or forfeitures under Article VI, if any, on a
          pro-rata basis, determined by the Salary earned during the Plan Year
          or Contribution Determination Period; or

     (2)  Nonmilitary leave or layoff granted to a Member for a period not in
          excess of one year during which service is recognized for vesting
          purposes, but the Member is not entitled to share in any contributions
          or forfeitures as defined under (1) above, if any, during the period
          of the leave; or

     (3)  To the extent not otherwise required by applicable law, military or
          other governmental service leave granted to a Member from which he
          returns directly to the service of the Employer. Under this leave, a
          Member may not share in any contributions or forfeitures as defined
          under (1) above, if any, during the period of the leave, but vesting
          service will continue to accrue; or

     (4)  To the extent not otherwise required by applicable law, a military
          leave granted at the option of the Employer to a Member who is subject
          to military service pursuant to an involuntary call-up in the Reserves
          of the U.S. Armed Services from which he returns to the service of the
          Employer within 90 days of his discharge from such military service.
          Under this leave, a Member is entitled to share in any contributions
          or forfeitures as defined under (1) above, if any, and vesting service
          will continue to accrue. Notwithstanding any provision of the Plan to
          the contrary, if a Member has one or more loans outstanding at the
          time of this leave, repayments on such loan(s) may be suspended, if
          the Member so elects, until such time as the Member returns to the
          service of the Employer or the end of the leave, if earlier.

(C)  Notwithstanding any provision of this Plan to the contrary, effective
     December 12, 1994, contribution allocations and vesting service with
     respect to qualified military

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      service will be provided in accordance with Section 414(u) of the Code.
      Loan repayments will be suspended under this Plan as permitted under
      Section 414(u)(4) of the Code during such period of qualified military
      service.

Section 10.9  Return of Contributions to Employer

(A)   In the case of a contribution that is made by an Employer by reason of a
      mistake of fact, the Employer may request the return to it of such
      contribution within one year after the payment of the contribution,
      provided such refund is made within one year after the payment of the
      contribution.

(B)   In the case of a contribution made by an Employer or a contribution
      otherwise deemed to be an Employer contribution under the Code, such
      contribution shall be conditioned upon the deductibility of the
      contribution by the Employer under Section 404 of the Code. To the extent
      the deduction for such contribution is disallowed, in accordance with IRS
      Regulations, the Employer may request the return to it of such
      contribution within one year after the disallowance of the deduction.

(C)   In the event that the IRS determines that the Plan is not initially
      qualified under the Code, any contribution made incident to that initial
      qualification by the Employer must be returned to the Employer within one
      year after the date the initial qualification is denied, but only if the
      application for the qualification is made by the time prescribed by law
      for filing the Employer's return for the taxable year in which the Plan is
      adopted, or such later date as the Secretary of the Treasury may
      prescribe.

The contributions returned under (A), (B) or (C) above may not include any gains
on such excess contributions, but must be reduced by any losses.

Section 10.10 Controlling Law

The Plan and all rights thereunder shall be governed by and construed in
accordance with ERISA and the laws of the State of New York, without regard to
the principles of the conflicts of laws thereof.

                                   ARTICLE XI
                             AMENDMENT & TERMINATION

Section 11.1  General

While the Plan is intended to be permanent, the Plan may be amended or
terminated completely by the Employer at any time at the discretion of its Board
of Directors. Except

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where necessary to qualify the Plan or to maintain qualification of the Plan, no
amendment shall reduce any interest of a Member existing prior to such
amendment. Subject to the terms of the Adoption Agreement, written notice of
such amendment or termination as resolved by the Board shall be given to the
Trustee, the Plan Administrator and the TPA. Such notice shall set forth the
effective date of the amendment or termination or cessation of contributions.

If the Employer's plan fails to attain or retain qualification, such plan will
no longer participate in this master/prototype plan and will be considered an
individually designed plan.

Section 11.2  Termination of Plan and Trust

This Plan and any related Trust Agreement shall in any event terminate whenever
all property held by the Trustee shall have been distributed in accordance with
the terms hereof.

Section 11.3  Liquidation of Trust Assets in the Event of Termination

In the event that the Employer's Board of Directors shall decide to terminate
the Plan, or, in the event of complete cessation of Employer contributions, the
rights of Members to the amounts standing to their credit in their Accounts
shall be deemed fully vested and the Plan Administrator shall direct the Trustee
to either continue the Trust in full force and effect and continue so much of
the Plan in full force and effect as is necessary to carry out the orderly
distribution of benefits to Members and their Beneficiaries upon retirement,
Disability, death or termination of Employment; or (a) reduce to cash such part
or all of the Plan assets as the Plan Administrator may deem appropriate; (b)
pay the liabilities, if any, of the Plan; (c) value the remaining assets of the
Plan as of the date of notification of termination and proportionately adjust
Members' Account balances; (d) distribute such assets in cash to the credit of
their

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<PAGE>

respective Accounts as of the notification of the termination date; and (e)
distribute all balances which have been segregated into a separate fund to the
persons entitled thereto; provided that no person in the event of termination
shall be required to accept distribution in any form other than cash.

Section 11.4  Partial Termination

The Employer may terminate the Plan in part without causing a complete
termination of the Plan. In the event a partial termination occurs, the Plan
Administrator shall determine the portion of the Plan assets attributable to the
Members affected by such partial termination and the provisions of Section 11.3
shall apply with respect to such portion as if it were a separate fund.

Section 11.5  Power to Amend

(A)   Subject to Section 11.6, the Employer, through its Board of Directors,
      shall have the power to amend the Plan in any manner which it deems
      desirable, including, but not by way of limitation, the right to change or
      modify the method of allocation of contributions, to change any provision
      relating to the distribution of payment, or both, of any of the assets of
      the Trust Fund. Further, the Employer may (i) change the choice of options
      in the Adoption Agreement; (ii) add overriding language in the Adoption
      Agreement when such language is necessary to satisfy Section 415 or
      Section 416 of the Code because of the required aggregation of multiple
      plans; and (iii) add certain model amendments published by the IRS which
      specifically provide that their adoption will not cause the Plan to be
      treated as individually designed. An Employer that amends the Plan for any
      other reason, will be considered to have an individually designed plan.

      Any amendment shall become effective upon the vote of the Board of
      Directors of the Employer, unless such vote of the Board of Directors of
      the Employer specifies the effective date of the amendment.

      Such effective date of the amendment may be made retroactive to the vote
      of the Board of Directors, to the extent permitted by law.

      (B) The Employer expressly recognizes the authority of the Sponsor,
      Pentegra Services, Inc., to amend the Plan from time to time, except with
      respect to elections of the Employer in the Adoption Agreement, and the
      Employer shall be deemed to have consented to any such amendment. The
      Employer shall receive a written instrument

                                       89

<PAGE>

      indicating the amendment of the Plan and such amendment shall become
      effective as of the date of such instrument. No such amendment shall in
      any way impair, reduce or affect any Member's vested and nonforfeitable
      rights in the Plan and Trust.

Section 11.6 Solely for Benefit of Members, Terminated Members and their
             Beneficiaries

No changes may be made in the Plan which shall vest in the Employer, directly or
indirectly, any interest, ownership or control in any of the present or future
assets of the Trust Fund.

No part of the funds of the Trust other than such part as may be required to pay
taxes, administration expenses and fees, shall be reduced by any amendment or be
otherwise used for or diverted to purposes other than the exclusive benefit of
Members, retired Members, Former Members, and their Beneficiaries, except as
otherwise provided in Section 10.9 and under applicable law.

No amendment shall become effective which reduces the nonforfeitable percentage
of benefit that would be payable to any Member if his Employment were to
terminate and no amendment which modifies the method of determining that
percentage shall be made effective with respect to any Member with at least
three Years of Service unless such member is permitted to elect, within a
reasonable period after the adoption of such amendment, to have that percentage
determined without regard to such amendment.

Section 11.7 Successor to Business of the Employer

Unless this Plan and the related Trust Agreement be sooner terminated, a
successor to the business of the Employer by whatever form or manner resulting
may continue the Plan and the related Trust Agreement by executing appropriate
supplementary agreements and such successor shall thereupon succeed to all the
rights, powers and duties of the Employer hereunder. The Employment of any
Employee who has continued in the employ of such successor shall not be deemed
to have terminated or severed for any purpose hereunder if such supplemental
agreement so provides.

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<PAGE>

Section 11.8  Merger, Consolidation and Transfer

The Plan shall not be merged or consolidated, in whole or in part, with any
other plan, nor shall any assets or liabilities of the Plan be transferred to
any other plan unless the benefit that would be payable to any affected Member
under such plan if it terminated immediately after the merger, consolidation or
transfer, is equal to or greater than the benefit that would be payable to the
affected Member under this Plan if it terminated immediately before the merger,
consolidation or transfer.

Section 11.9  Revocability

This Plan is based upon the condition precedent that it shall be approved by the
Internal Revenue Service as qualified under Section 401(a) of the Code and
exempt from taxation under Section 501(a) of the Code. Accordingly,
notwithstanding anything herein to the contrary, if a final ruling shall be
received in writing from the IRS that the Plan does not initially qualify under
the terms of Sections 401(a) and 501(a) of the Code, there shall be no vesting
in any Member of assets contributed by the Employer and held by the Trustee
under the Plan. Upon receipt of notification from the IRS that the Plan fails to
qualify as aforesaid, the Employer reserves the right, at its option, to either
amend the Plan in such manner as may be necessary or advisable so that the Plan
may so qualify, or to withdraw and terminate the Plan.

Upon the event of withdrawal and termination, the Employer shall notify the
Trustee and provide the Trustee with a copy of such ruling and the Trustee shall
transfer, and in accordance with applicable law, pay over to the Employer (or,
as applicable and to the extent attributable to Member after-tax contributions,
401(k) deferrals or rollover amounts, to the Members) all of the net assets
under the Plan which remain after deducting the proper expense of termination
and the Trust Agreement shall thereupon terminate. For purposes of this Article
XI, "final ruling" shall mean either (1) the initial letter ruling from the
District Director in response to the Employer's original application for such a
ruling, or (2) if such letter ruling is unfavorable and a written appeal is
taken or protest filed within 60 days of the date of such letter ruling, it
shall mean the ruling received in response to such appeal or protest.

If the Plan is terminated, the Plan Administrator shall promptly notify the IRS
and such other appropriate governmental authority as applicable law may require.
Neither the Employer nor its Employees shall make any further contributions
under the Plan after

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<PAGE>

the termination date, except that the Employer shall remit to the TPA a
reasonable administrative fee to be determined by the TPA for each Member with a
balance in his Account to defray the cost of implementing its termination. Where
the Employer has terminated the Plan pursuant to this Article, the Employer may
elect to transfer assets from the Plan to a successor plan qualified under
Section 401(a) of the Code in which event the Employer shall remit to the TPA an
additional administrative fee to be determined by the TPA to defray the cost of
such transfer transaction.

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                        TRUSTS ESTABLISHED UNDER THE PLAN

Assets of the Plan are held in trust under separate Trust Agreements with the
Trustee or Trustees. Any eligible Employee or Member may obtain a copy of these
Trust Agreements from the Plan Administrator.

IN WITNESS WHEREOF, and as conclusive evidence of the adoption of the Plan by
the Employer, the Employer has caused these presents to be executed on its
behalf and its corporate seal to be hereunder affixed as of the ____ day of
_________, 20___.

ATTEST:

                                               By _______________________
________________________
         Clerk
                                                  Name _________________________

                                                  Title ________________________

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<PAGE>

                                                     108 Corporate Park Drive
                                                     White Plains, NY 10603-3805
                                                     Tel: 800-872-3473
                                                     Fax: 914-694-9384

                                       94

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