Document:

<PAGE>   1

                                                                   EXHIBIT 10.11

                                                      Effective October 15, 1999

                              U.S. HOME CORPORATION

                           THIRD AMENDED AND RESTATED

                 CORPORATE OFFICERS AND PRESIDENTS OF OPERATIONS

                              RESTRICTED STOCK PLAN

     1.   PURPOSE.

     The purpose of the U.S. Home Corporation Third Amended and Restated
Corporate Officers and Presidents of Operations Restricted Stock Plan (the
"Plan") is to create incentives for the corporate officers and presidents of
operations of U.S. Home Corporation (the "Company") to provide services to the
Company over a long period of time and to enhance the level of performance of
the Company by awarding such employees shares of Stock (as defined herein)
subject to certain vesting requirements.

     2. ADMINISTRATION.

     (a) A committee (the "Committee"), which shall initially be the
Compensation and Stock Option Committee of the board of directors of the Company
(the "Board"), and which will be comprised of at least three members of the
Board, all of whom are "disinterested persons" (as defined below), will (i)
administer the Plan, (ii) establish, subject to the provisions of the Plan, such
rules and regulations as it may deem appropriate for the proper administration
of the Plan and (iii) make such determinations under, and such interpretations
of, and take such steps in connection with, the Plan or the Stock issued
thereunder as it may deem necessary or advisable. The members of the Committee
may be appointed from time to time by the Board and serve at the pleasure of the
Board. The Committee will hereinafter be referred to as the "Administrator."

     (b) For the purposes of this Section 2, a "disinterested person" is a
person who, on a given date, is disinterested within the meaning of Rule 16b-3
promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange
Act").

     3. STOCK.

     The stock which is the subject of the Plan will be the shares of common
stock of the Company, $.01 par value per share (the "Stock"), whether authorized
and unissued or treasury stock. The total number of shares of Stock which may be
issued under the Plan will not exceed, in the aggregate, 250,000.

     4. AWARD OF STOCK.

     (a) All of the corporate officers and presidents of operations of the
Company listed on Schedule A attached hereto (each an "Employee" and
collectively, "Employees"), shall be eligible to receive Stock in accordance
with the terms hereof.

<PAGE>   2

     (b) In consideration of future services to be provided by each Employee to
the Company, each Employee shall be awarded, on a one-time basis, the number of
shares of Stock, subject to the restrictions contained herein, determined by
dividing $200,000 by the average closing price of the Stock on the New York
Stock Exchange (the "NYSE") for the 10 consecutive trading days immediately
following the date on which the Company releases its financial results for the
fiscal year ending December 31, 1994; provided that no fractional shares of
Stock shall be issued under the Plan.

     (c) The closing price of the Stock, as of any particular day, will be as
reported in The Wall Street Journal; provided, however, that if the Stock is not
listed on the NYSE on any applicable day, the closing price for such day will be
not less than the fair market value of the Stock on such day, as determined by
the Administrator based on such empirical evidence as it deems to be appropriate
under the circumstances.

     (d) The Administrator shall have the right pursuant to the terms hereof to
award Stock to any individual who becomes a corporate officer or president of
operations of the Company after the effective date of the Plan and prior to the
initial Vesting Date (as defined herein). The Administrator shall make such
award substantially in accordance with the terms of the Plan, including the
vesting requirements contained in Section 5 hereof, but shall be permitted to
award a smaller number of shares of Stock based on the date on which the
individual commences employment as a corporate officer or president of
operations of the Company.

     5. VESTING

     (a) On each Vesting Date, unless all shares of Stock awarded to each
Employee shall have previously vested with each Employee and subject to the
forfeiture provisions contained herein, a percentage of the shares of Stock
awarded hereunder to each Employee shall vest with each Employee such that the
cumulative percentage of total shares of Stock vested with each Employee shall
be the greatest of the applicable percentages set forth below:

     (i) (A)  20% as of the Vesting Date in the year 2000;
         (B)  40% as of the Vesting Date in the year 2001;
         (C)  60% as of the Vesting Date in the year 2002;
         (D)  80% as of the Vesting Date in the year 2003;
         (E)  100% as of the Vesting Date in the year 2004;

     (ii) If, on a Vesting Date, the Return on Assets Improvement (as defined
herein) is:

         (A) greater than 1.05 and less than or equal to 1.10, then 40%;
         (B)  greater than 1.10 and less than or equal to 1.15, then 60%;
         (C)  greater than 1.15 and less than or equal to 1.20, then 80%;
         (D)  greater than 1.20, then 100%;

     (iii) If the Company achieves its Closing Goal (as defined herein) and the
Return on Sales Improvement (as defined herein) is:

                                       2
<PAGE>   3

         (A)  equal to or greater than 1.00 and less than 1.05, then 75%;
         (B)  greater than 1.05, then 100%;

     (iv) If, for the fiscal year 1999 or fiscal year 2000, the Company's
Pre-tax Income (as defined herein) is $111.5 million or greater and (x) the
Return on Sales for such fiscal year divided by (y) the Return on Sales for the
fiscal year ended December 31, 1997, adjusted for any Significant Acquisition,
rounded to the nearer hundredth, is equal to or greater than 1.05, then 100%;

provided, however, that no Employee shall be required to forfeit any shares of
Stock previously vested hereunder.

For the purposes hereof:

     "Return on Assets Improvement" means (x) the sum of the Return on Assets
for the two fiscal years of the Company immediately prior to the applicable
Vesting Date divided by two, and the result divided by (y) the Return on Assets
for the fiscal year ended December 31, 1994, rounded to the nearer hundredth.

     "Return on Assets" means (x) the amount contained in the Company's "income
(loss) before income tax" line-item for the applicable year of the Company as
reported in the consolidated statements of operations set forth in the audited
financial statements for the Company for such fiscal year, divided by (y) the
Average Total Assets for such year.

     "Average Total Assets" means an amount equal to (x) (1) total housing
assets at the beginning of the applicable fiscal year of the Company (as
reported in the consolidated balance sheet set forth in the audited financial
statements for the Company for the prior year), plus (2) total housing assets at
the end of such fiscal year (as reported in the consolidated balance sheet set
forth in the audited financial statements for the Company for such fiscal year),
divided by (y) two.

     "Closing Goal" means closing 10,000 housing units for a fiscal year ending
on or before December 31, 2000; provided, however, that the Closing Goal shall
be adjusted upward by the Administrator to account for an increase in the number
of closings that are the result of a Significant Acquisition.

     "Significant Acquisition" means the acquisition of a home building company
whose operating revenue for the 12 months preceding the month in which the
acquisition is closed was equal to or greater than 25% of the Company's
operating revenue for such 12-month period.

     "Return on Sales Improvement" means (x) the Return on Sales for the fiscal
year in which the Closing Goal is achieved, divided by (y) the Return on Sales
for the fiscal year ended December 31, 1997, adjusted for any Significant
Acquisition, rounded to the nearer hundredth.

                                       3
<PAGE>   4

     "Return on Sales" means (x) the amount contained in the Company's "income
(loss) before income tax" line-item for the applicable year of the Company as
reported in the consolidated statements of operations set forth in the audited
financial statements for the Company for such fiscal year, divided by (y) the
amount contained in the Company's "housing operating revenues" line-item for the
applicable year of the Company as reported in the consolidated statements of
operations set forth in the audited financial statements for the Company for
such fiscal year. If a Significant Acquisition occurs, the income and revenues
of the Significant Acquisition during the 12-month period preceding the
acquisition shall be combined with the income and revenues of the Company for
the fiscal year ended December 31, 1997 to determine the adjusted Return on
Sales for the fiscal year ended December 31, 1997.

     "Pre-tax Income" means the amount contained in the Company's "income (loss)
before income tax" line-item for the applicable year of the Company as reported
in the consolidated statements of operations set forth in the audited financial
statements for the Company for such fiscal year.

     (b) In the event an Employee is not employed by the Company on or prior to
December 31 of any year which is immediately prior to any Vesting Date, due to
voluntary termination of employment by the Employee or termination for Cause (as
defined herein), all of the shares of Stock remaining to be vested with such
Employee hereunder and all rights arising from such shares of Stock shall be
forfeited by such Employee and returned to the Company.

     (c) For purposes of the Plan, a voluntary termination by an Employee will
not be deemed to occur in the event such Employee is Constructively Terminated
(as defined herein).

     (d) In the event an Employee is terminated without Cause prior to January
1, 2000, 20% of the shares of Stock awarded hereunder shall immediately vest
with such Employee and the remaining shares of Stock to be vested hereunder and
all rights arising from such shares of Stock shall be forfeited by such Employee
and returned to the Company.

     (e) In the event there is a Change of Control (as defined herein), all
shares of Stock remaining to be vested with such Employee hereunder shall
immediately vest with such Employee. The Company shall immediately cause the
issuance to such Employee of appropriate stock certificates representing such
shares of Stock in such Employee's name in accordance with Section 6 hereof.

     (f) In the event an Employee dies, is Permanently Disabled (as defined
herein), or retires (after not less than 20 years of employment by the Company),
the Administrator shall have the authority, in its sole discretion, to vest such
Employee (or such Employee's estate, if applicable) in as many shares of Stock
as the Administrator shall deem appropriate, based upon such Employee's prior
job performance.

                                       4
<PAGE>   5

     (g) For purposes of the Plan:

         (i) "Base Salary" shall mean an amount equal to an Employee's maximum
annual base salary in effect at any time after the effective date of the Plan,
excluding any incentive compensation or bonus payable or paid to an Employee.

         (ii) "Cause" means (1) an Employee's continuing willful failure to
perform his duties with respect to the Company (other than as a result of total
or partial incapacity due to physical or mental illness), (2) gross negligence
or malfeasance by an Employee in the performance of his duties with respect to
the Company, (3) an act or acts on an Employee's part constituting a felony
under the laws of the United States or any state thereof which results or was
intended to result directly or indirectly in gain or personal enrichment by such
Employee at the expense of the Company or (4) any other circumstances set forth
in an employment agreement between the Company and such Employee which would
constitute grounds for the Company to terminate the employment of such Employee
for cause (as defined in the applicable employment agreement).

         (iii) "Change of Control" shall mean any of the following: (i) a report
on Schedule 13D is filed with the Securities and Exchange Commission pursuant to
Section 13(d) of the Exchange Act, disclosing that any person or group of
persons (within the meaning of Section 13(d) of the Exchange Act), other than
the Company (or one of its subsidiaries) or any employee benefit plan sponsored
by the Company (or one of its subsidiaries), is the beneficial owner (as such
term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly,
of fifty percent (50%) or more of the combined voting power of the then
outstanding equity of the Company (as determined under paragraph (d) of Rule
13d-3 under the Exchange Act, in the case of rights to acquire the Stock, (ii)
any transaction or a series of related transactions (as a result of a tender
offer, merger, consolidation or otherwise whether or not the Company is the
continuing or surviving entity) that results in, or that is in connection with,
any person or group of persons (within the meaning of Section 13(d) of the
Exchange Act), other than the Company (or one of its subsidiaries) or any
employee benefit plan sponsored by the Company (or one of its subsidiaries),
acquiring beneficial ownership (as such term is defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of fifty percent (50%) or more of the
combined voting power of the then outstanding equity of the Company (as
determined under paragraph (d) of Rule 13d-3 under the Exchange Act, in the case
of rights to acquire the Stock) or of any person or group of persons (within the
meaning of Section 13(d) of the Exchange Act) that possesses beneficial
ownership (as such term is defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, of fifty percent (50%) or more of the combined voting
power of the then outstanding equity of the Company; (iii) the sale, lease,
exchange or other transfer of all or substantially all of the assets of the
Company to any person or group of persons (within the meaning of Section 13(d)
of the Exchange Act) in one transaction or a series of related transactions;
provided, that a transaction where the holders of all classes of the then
outstanding equity of the Company immediately prior to such transaction own,
directly or indirectly, fifty percent (50%) or more of the aggregate voting
power of all classes of equity of such person or group immediately after such
transaction will not be a Change of Control under this clause (iii); (iv) the
liquidation or dissolution of the Company; provided, that a liquidation or
dissolution of the Company which is part of a transaction or series of related
transactions that does not constitute a

                                       5
<PAGE>   6

Change of Control under the "provided" clause of clause (iii) above will not
constitute a Change of Control under this clause (iv); or (v) a change in a
majority of the members of the Board of Directors of the Company within a
12-month period, unless the election or nomination for election by the Company's
stockholders of each new director during such 12-month period was approved by
the vote of two-thirds of the directors then still in office who were directors
at the beginning of such 12-month period.

         (iv) "Constructively Terminated" means (1) a reduction in an amount
equal to or greater than 15 percent of an Employee's Base Salary, (2) a material
reduction in an Employee's job function, duties or responsibilities or (3) a
required relocation of an Employee of more than 50 miles from such Employee's
current job location; provided, however, that the employment with the Company or
its divisions or subsidiaries of a President of Operations will not be deemed to
be Constructively Terminated in the event he or she is required to be a Division
Chairman or Division President with the Company or its divisions or subsidiaries
and has job functions, duties or responsibilities of a Division Chairman or
Division President and/or is required to relocate in connection with such change
in position; provided, further, that the employment of an Employee will not be
deemed Constructively Terminated unless such Employee actually terminates his or
her employment with the Company within 60 days after the occurrence of an event
specified in clause (1), (2) or (3) above.

         (v) "Permanently Disabled" means physical or mental incapacity of such
nature that an Employee is unable to engage in or perform the principal duties
of his customary employment or occupation on a continuing or sustained basis.
All determinations as to the date and extent of disability of any Employee shall
be made by the Administrator upon the basis of such evidence as it deems
necessary or desirable.

         (vi) "Vesting Date" means the date each year, commencing in 2000, on
which the Company releases its financial results for the previous fiscal year.

     6. STOCK CERTIFICATES.

     (a) Each Employee shall receive a stock certificate reflecting the number
of shares of Stock awarded hereunder. Such certificate shall be registered in
the name of such Employee and shall bear the following legend:

      "The securities (the "Shares") represented by this
      stock  certificate  are restricted by the terms of
      the U.S. Home Corporation  Corporate  Officers and
      Presidents  of  Operations  Restricted  Stock Plan
      ("Restricted Stock Plan"), effective as of January
      1, 1995, which contains  provisions  affecting the
      rights and obligations of the holder of the Shares
      and  restrictions  on the  transfer of the Shares.
      Any  transfer  of the Shares  represented  by this
      stock  certificate  in violation of the Restricted
      Stock Plan is null and void."

                                       6
<PAGE>   7

     (b) The Administrator may, in its sole discretion, require that the stock
certificates evidencing the shares of Stock be held in custody by the Company
until the restrictions thereon shall have lapsed, and that, as a condition of
receiving the shares of Stock, the Employee shall have delivered a stock power,
endorsed in blank, relating to the shares of Stock. If and to the extent any
shares of Stock vest with an Employee in accordance with terms hereof, stock
certificates for the appropriate number of unrestricted shares of Stock shall be
delivered promptly to the Employee. Shares of Common Stock will not be released
to an Employee unless and until the amount of federal, state or local taxes
required to be withheld has been paid or satisfied. Tax withholding liabilities
may be satisfied by the Employee relinquishing shares of Common Stock vested
pursuant to the Plan, valued at the market price of the Common Stock on the date
such shares of Common Stock are released to the Employee.

     7.   TERM AND EFFECTIVE DATE.

     The Plan will become effective upon (i) approval by the Board and (ii)
approval by the affirmative vote of a majority of the shares of voting capital
stock of the Company present or represented and entitled to vote at the 1995
annual meeting of the Company's stockholders. Subject to Section 15 hereof, the
Plan shall terminate upon issuance and vesting of the Stock issuable pursuant to
the Plan.

     8.   TRANSFERABILITY.

     Employees shall not be permitted to sell, transfer, pledge, assign or
otherwise encumber shares of Stock awarded hereunder prior to the vesting of
such shares of Stock. Upon vesting of such shares of Stock, an Employee will
only transfer such shares of Stock in compliance with applicable federal and
state securities laws. Employees who are affiliates of the Company may generally
dispose of their shares in accordance with Rule 144 promulgated under the
Securities Act of 1933, as amended.

     9.   RIGHTS AS A STOCKHOLDER.

     Except as provided in Section 8 hereof or this Section 9, Employees shall
have, with respect to any shares of Stock remaining to be vested hereunder, all
of the rights of stockholders of the Company, including the right to vote such
shares of Stock and to receive any cash dividends. Stock dividends, if any,
issued with respect to such shares of Stock shall be subject to the same
restrictions and other terms and conditions hereunder that apply to such shares
of Stock.

     10.  INVESTMENT PURPOSE.

     At the time of issuance of any shares of Stock, the Administrator may, if
it will deem it necessary or desirable for any reason, require an Employee to
represent in writing to the Company that (a) it is such Employee's then
intention to acquire the Stock for investment purposes and not with a view to
the distribution thereof and/or (b) upon acquisition of the Stock, the Employee
will not beneficially own in excess of 4.9 percent of the value of the equity

                                       7
<PAGE>   8

securities (as defined in Rule 3a11-1 under the Exchange Act) of the Company;
provided that for purposes of this Section 10(b), all outstanding options and
convertible securities to acquire Stock shall be deemed to be exercised or
converted; provided, further, that this Section 10(b) shall be inoperative after
June 21, 1995.

     11.  RIGHT TO TERMINATE EMPLOYMENT.

     Nothing contained herein will restrict the right of the Company to
terminate the employment of any Employee at any time.

     12.  FINALITY OF DETERMINATIONS.

     Each determination, interpretation, or other action made or taken pursuant
to the provisions of the Plan by the Administrator will be final and be binding
and conclusive for all purposes.

     13.  SUBSIDIARY AND PARENT CORPORATIONS.

     Unless the context requires otherwise, references under the Plan to the
Company will be deemed to include any subsidiary corporations and parent
corporations of the Company, as those terms are defined in Section 424 of the
Internal Revenue Code of 1986, as amended.

     14.  GOVERNING LAW.

     The Plan will be governed by the laws of the State of Delaware.

     15.  AMENDMENT AND TERMINATION.

     The Administrator may at any time terminate, amend or modify the Plan in
any respect it deems suitable; provided, however, that, solely with respect to
persons subject to Section 16 of the Exchange Act, no such action of the
Administrator, without the approval of the stockholders of the Company, may (i)
materially increase the benefits accruing to employees eligible to receive Stock
under the Plan, (ii) materially increase the total amount of Stock which may be
awarded under the Plan or (iii) materially modify the requirements for
participation in the Plan; provided, further, that no amendment, modification or
termination of the Plan may in any manner affect any Stock (whether vested or
not) theretofore awarded under the Plan without the consent of the Employee to
whom Stock has been awarded.

     16.  OVERRIDE.

     (a) With respect to persons subject to Section 16 of the Exchange Act,
transactions under the Plan are intended to comply with all applicable
conditions of Rule 16b-3 or its successors under the Exchange Act. To the extent
any provision of the Plan or action by the Administrator fails to so comply, it
shall be deemed null and void, to the extent permitted by law and deemed
advisable by the Administrator.

                                       8
<PAGE>   9

     (b) All transactions pursuant to terms of the Plan, including, without
limitation, awards and vesting of Stock, shall only be effective at such time as
counsel to the Company shall have determined that such transaction will not
violate federal or state securities or other laws. The Administrator may, in its
sole discretion, defer the effectiveness of such transaction to pursue whatever
actions may be required to ensure compliance with such federal or state
securities or other laws.

                                       9
<PAGE>   10

                                   SCHEDULE A

CORPORATE OFFICERS                             PRESIDENTS OF OPERATIONS

Robert J. Strudler                             Sam B. Crimaldi
Isaac Heimbinder                               James R. Petty
Gary L. Frueh                                  Christopher B. Rediger
Craig M. Johnson                               Michael T. Richardson
Thomas A. Napoli                               Philip J. Walsh III
Chester P. Sadowski
Richard G. Slaughter
Kelly F. Somoza

                                       10<PAGE>   1

                                                                   EXHIBIT 10.16

                                                                       (9/13/99)

                              U.S. HOME CORPORATION

                             CORPORATE OFFICERS'(1)
                         INCENTIVE COMPENSATION PROGRAM

                            FOR THE INCENTIVE PERIOD
                      JANUARY 1, 2000 TO DECEMBER 31, 2000

     Set forth below is an outline of the Corporate Officers' Incentive
Compensation Program for the incentive period January 1, 2000 to December 31,
2000 ("Incentive 2000").

     Corporate Officers who are employed by the Corporation as of January 1,
2000 will be eligible to participate in the Corporate Officers' Incentive
Compensation Program for the period commencing January 1, 2000 and ending
December 31, 2000. Effective January 1, 2000, base salaries are established as
set forth in Exhibit A hereto.

     Under this Program, an incentive compensation pool equal to the lesser of
$1,000,000 or 2% of the pre-tax profits of the Corporation earned in fiscal
2000, shall be established to be distributed to the Corporate Officers at the
sole discretion and upon approval of a majority of the non-management members of
the Compensation Committee and of the Board of Directors of the Corporation
based on its evaluation of the following factors:

1.   The Board of Directors shall review the profit and loss of the Company for
     the fiscal year ended December 31, 2000 as compared to the projected profit
     and loss for the period January 1, 2000 through December 31, 2000 as set
     forth in the 2000 Business Plan as presented to the Board of Directors.

2.   The Board of Directors shall review the cash flow of the Company as
     compared to the projected cash flow for the period January 1, 2000 through
     December 31, 2000 as set forth in the 2000 Business Plan as presented to
     the Board of Directors.

3.   The Board of Directors shall review the overall performance of the Company
     in comparison to competitive industry performance taking into
     consideration, an analysis of rates of growth, return on equity and return
     on sales.

4.   The Board of Directors shall review incentive bonus payments by competitors
     in relation to proposed payments to said officers to insure that they are
     designed to retain and motivate executives.

5.   All other actions by said Officers to maximize the value of shareholders'
     equity.

---------------
     (1)  Excludes Chairman and President who are subject to Employment and
          Consulting Agreements which govern payment of bonus (see Exhibit A).

<PAGE>   2

Corporate Officers' Incentive Compensation Program             Page 2 of 3 pages

     Upon the recommendation of the Chairman and President of the Company, the
Board of Directors shall determine, in its sole discretion, the amount each
respective Officer shall receive from the said incentive compensation pool,
provided that the maximum incentive compensation payable to any Senior Vice
President and any Vice President shall not exceed the percentage of their
respective base compensation set forth in Schedule I hereto.

     To be entitled to receive a bonus, a Corporate Officer must remain in the
employ of the Company for the entire fiscal year.

     Notwithstanding the foregoing, the Corporation shall have the right to
terminate employment of any Corporate Officer covered under this Program at
will, without notice, and without cause, at any time.

     The total bonus earned pursuant to the incentive program set forth herein
shall be paid upon approval of the Board of Directors of the Company as follows:

A.   75% of the aggregate incentive bonus earned by the Corporate Officer shall
     be paid in cash within 30 days following receipt of 2000 audited financial
     statements.

B.   The balance of the aggregate incentive bonus earned by the Corporate
     Officer shall be paid as follows:

     1.   If the respective Corporate Officer shall own of record or
          beneficially, as of the last trading day of December, 2000, shares of
          common stock of the Corporation which shall have a market value on
          such date equal to or in excess of his/her base salary as of such
          date, the balance of such incentive bonus shall be paid in cash within
          30 days following receipt of the 2000 audited financial statements.

     2.   If the respective Corporate Officer shall not own of record
          beneficially, as of the last trading day of December, 2000, shares of
          common stock of the Corporation which shall have a market value on
          such date(1) equal to or in excess of his/her base salary as of such
          date, the balance of such incentive bonus shall be paid in shares of
          stock as set forth below:

          25% of the aggregate incentive bonus earned by the Corporate Officer
          shall be paid in shares of U.S. Home Corporation's common stock, with
          each share valued at the closing price of said shares on the New York
          Stock Exchange, as of the last trading day of December, 2000. Said
          shares shall be held in escrow by the Company to be delivered to the
          respective Corporate Officers as follows:

          i)   1/2 of such shares shall be delivered to the Corporate Officer
               within thirty (30) days following receipt of the 2000 audited
               financial statements.

---------------
(1)  Shares earned as part of prior year bonus but not delivered shall be
     included. Restricted shares not vested as of such date shall not be
     included.

<PAGE>   3

Corporate Officers' Incentive Compensation Program             Page 3 of 3 pages

          ii)  1/2 of such shares shall be delivered to the Corporate Officer on
               or prior to January 31, 2003. However, in order to receive such
               shares, the Corporate Officer must remain in the employ of the
               Corporation as of December 31, 2002.

     Notwithstanding the foregoing, in the event that said Corporate Officer's
employment with the Corporation is terminated by the Corporation other than for
"Cause", all remaining shares not previously delivered to the Corporate Officer
shall be delivered to said Corporate Officer within thirty (30) days following
termination. For purposes of this Program, the term "Cause" shall mean (i) the
Officer's continuing, willful failure to perform his/her duties required of
his/her position (other than as a result of total or partial incapacity due to
physical or mental illness), (ii) gross negligence or malfeasance by the Officer
in the performance of his/her duties hereunder, (iii) an act or acts on the
Officer's part constituting a felony under the laws of the United States or any
state thereof which results or was intended to result directly or indirectly in
gain or personal enrichment by the Officer at the expense of the Company, or
(iv) breach of the provisions of Exhibit B hereto pertaining to confidentiality
and competitive activities, but shall not mean (A) the refusal to relocate to
another city more than 50 miles from the Officer's present place of business,
nor (B) a refusal to perform the duties required of his/her position as a result
of either a material change in the scope of his/her job responsibilities or a
reduction in base compensation.

     The transfer of said shares by such Corporate Officer shall be required to
conform to all applicable laws and regulations pertaining thereto.

     Upon a Change in Control (as defined in the Key Employee Severance Pay
Plan) and the Corporate Officer's involuntary termination, other than for cause,
prior to the end of the Incentive Year, in addition to any amounts payable under
any other compensation plan, the Corporate Officer will be paid an amount equal
to the maximum incentive compensation which could be earned pro-rated for the
number of full months employed during the Incentive Year.

<PAGE>   4

                                                            (9/14/99)

                                    EXHIBIT A

              Name and Title of Employee
---------------------------------------------------------------------

Gary L. Frueh
         Sr. Vice President - Tax and Audit
Craig Johnson
         Sr. Vice President - Community Development
Thomas A. Napoli
         Vice President - Corporate Finance and Treasurer
Chester P. Sadowski
         Sr. Vice President - Controller and Chief Accounting Officer
Richard G. Slaughter
         Vice President - Planning and Secretary
Kelly Somoza
         Vice President - Investor Relations
Frank Matthews
         Vice President - Human Resources

<PAGE>   5

                                    EXHIBIT B

A.   Confidentiality. The Officer acknowledges that he has acquired and will
     acquire confidential information respecting the business of the Company.
     Accordingly, the Officer agrees that, without the written consent of the
     Company as authorized by its Board of Directors, he will not, at any time,
     willfully disclose any such confidential information to any unauthorized
     third party with an intent that such disclosure will result in financial
     benefit to the Officer or to any person other than the Company. For this
     purpose, information shall be considered confidential only if such
     information is uniquely proprietary to the Company and has not been made
     publicly available prior to its disclosure by the Officer.

B.   Competitive Activity. Until the end of his/her employment, the Officer
     shall devote full business time to business of the Corporation and shall
     not, without the consent of the Board of Directors of the Company, directly
     or indirectly, knowingly engage or be interested in (as owner, partner,
     shareholder, employee, director, officer, agent, consultant or otherwise),
     with or without compensation, any business which is in competition with any
     line of business being actively conducted by the Company or any of its
     affiliates or subsidiaries during his/her employment period. Nothing
     herein, however, shall prohibit the Officer from acquiring or holding not
     more than one percent of any class of publicly traded securities of any
     such business.

<PAGE>   6

                                                                       (9/14/99)

                                   SCHEDULE I

<TABLE>
<CAPTION>
           Name and Title of Employee                   Maximum 2000 Bonus (Percentage    Proposed 2000     Percentage of 2000 Base
                                                             of Base Compensation)            Bonus              Compensation
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                     <C>                               <C>               <C>
Gary L. Frueh
        Sr. Vice President - Tax and Audit
Craig Johnson
        Sr. Vice President - Community Development
Thomas A. Napoli
        Vice President - Corporate Finance and
        Treasurer
Chester P. Sadowski
        Sr. Vice President - Controller and
        Chief Accounting Officer
Richard G. Slaughter
        Vice President - Planning and Secretary
Kelly Somoza
        Vice President - Investor Relations
Frank Matthews
        Vice President - Human Resources
                                                                   ---------
        Total:                                                               *
                                                                   =========

</TABLE>

          * Maximum bonus pool equals $1,000,000.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00003-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00003-of-00352.parquet"}]]