Document:

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                                                                   Exhibit 10.13

                                                              September 19, 1997

                            PRUDENTIAL SUPPLEMENTAL
                                RETIREMENT PLAN

                       (effective as of January 1, 1996,
                     except as otherwise provided herein)

     The Prudential Supplemental Retirement Plan (the "Plan") has been
established by The Prudential Insurance Company of America, effective January 1,
1996, for the purpose of providing unfunded supplemental retirement benefits for
certain eligible employees (and their beneficiaries) that cannot be provided by
the Retirement System (as defined below) because of limits imposed by the Code.
The Plan provides Participants (and their beneficiaries) with one or more of the
following categories of benefits: (1) Excluded Compensation Benefits; (2) Excess
Benefits; (3) Deferred Compensation Benefits; (4) Early Retirement Benefits; (5)
Death Benefits; and (6) ad hoc cost of living adjustments.

     The portion of the Plan that provides Excess Benefits is intended to be,
and shall be administered as, an excess benefit plan within the meaning of
section 3(36) of ERISA. The remainder of the Plan is intended to be, and shall
be administered as, an unfunded plan maintained for the purpose of providing
deferred compensation for a select group of management or highly compensated
employees within the meaning of Title I of ERISA.

     The Plan is a restatement of that portion of the Prior Programs that
relates to benefits under the Retirement System. That portion of the Prior
Programs that relates to benefits under the Canadian Retirement Plan is not
affected by this restatement. Amounts accrued, but not yet paid under the Prior
Programs on December 31, 1995, that are related to benefits under the Retirement
System shall be paid under this Plan; provided that Participants who incurred a
Termination of Employment prior to January 1, 1996 shall receive benefits in
accordance with the terms of the Prior Programs in effect at such Termination of
Employment.

                                       1
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                                   Article I

                                  DEFINITIONS
                                  -----------

     The following terms shall have the meanings hereinafter set forth. Other
terms that are capitalized in the Plan shall be defined in the same manner as
they are defined in the Retirement System.

     1.1  "Board of Directors" means the Board of Directors of the Company.

     1.2  "Canadian Retirement Plan" means The Prudential Insurance Company of
America and Participating Affiliated Companies 1976 Retirement System for
Canadian Employees, a defined benefit retirement plan maintained by the Company.

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

     1.4  "Committee" means the committee described in the claims and appeals
section of the Retirement System.

     1.5  "Company" means The Prudential Insurance Company of America.

     1.6  "Controlled Group" means the Company and (i) each corporation which is
a member of a controlled group of corporations (within the meaning of Section
414(b) of the Code) which includes the Company, (ii) each trade or business
(whether or not incorporated) which is under common control with the Company
(within the meaning of Section 414(c) of the Code, (iii) each organization
included in the same affiliated service group (within the meaning of Section
414(c) of the Code) as the Company, and (iv) each other entity required to be
aggregated with the Company pursuant to regulations promulgated under Section
414(o) of the Code. Any such entity shall be treated as part of the Controlled
Group only for the period while it is a member of the controlled group or
considered to be in a common control group.

     1.7  "Death Benefits" means benefits that are payable upon the death of a
Participant in accordance with Article VII of the Plan.

     1.8  "Deferred Compensation Benefits" means benefits accrued by
Participants in accordance with Article IV of the Plan.

     1.9  "Deferred Compensation Plan" means the 1983 Deferred Compensation
Plan, the 1984 Deferred Compensation Plan, the 1985 Deferred Compensation Plan
and each subsequent calendar year Deferred Compensation Plan, including the
Deferred Compensation Plan established effective January 1, 1992 for 1992 and
subsequent calendar years maintained by the Company for the purpose of (i)
providing deferred compensation for a select group of management or highly
compensated employees within the meaning of Title I of ERISA, and (ii)
permitting such employees to defer a portion or all of certain specified bonuses
to a specified date or occurrence.

     1.10 "Early Retirement Benefits" means benefits accrued by Participants in
accordance with Article V of the Plan.

     1.11 "Employer" means the Company and each Participating Affiliated Company
in the Retirement System.

                                       2
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     1.12 "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended.

     1.13 "Excess Benefits" means benefits accrued by Participants in accordance
with Article III of the Plan.

     1.14 "Excluded Compensation Benefits" means benefits accrued by
Participants in accordance with Article II of the Plan.

     1.15 "Participant" means an individual who is accruing benefits under
Article II, Article III, Article IV, or Article V. An individual shall be a
Participant only with respect to those benefits for which the individual
satisfies applicable eligibility requirements. A Participant also includes an
individual who has previously accrued benefits under the terms of (i) one or
more of the Prior Programs as they relate to benefits under the Retirement
System, or (ii) the Plan, but in each case has not yet received all such accrued
benefits.

     1.16 "Plan" means this Prudential Supplemental Retirement Plan as amended
from time to time.

     1.17 "Prior Programs" means the Excess Benefit Retirement Income Program,
the Supplemental Retirement Income Program, and the Spouse Income Program, as
maintained by the Company and in effect from time to time prior to 1996.

     1.18 "Retirement System" means The Retirement System for United States
Employees and Special Agents, and after 1996 means The Retirement System for
United States Employees and Special Agents Plan Document, a component of the
Retirement System for United States Employees and Special Agents, a defined
benefit retirement plan maintained by the Company.

     1.19 " Termination of Employment" means the voluntary or involuntary
termination of employment with the Controlled Group for any reason, including
death.

                                       3
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                                  ARTICLE II

                        EXCLUDED COMPENSATION BENEFITS
                        ------------------------------

     2.1  Eligibility. Effective January 1, 1989, each participant in the
          -----------
Retirement System whose retirement benefits under the Retirement System do not
accrue or are reduced by reason of Code section 401(a)(17) (as reflected in the
applicable provisions of the Retirement System) is a Participant eligible to
accrue Excluded Compensation Benefits under this Article.

     2.2  Amount. The amount of a Participant's Excluded Compensation Benefits
          ------
shall be an amount equal to the excess, if any, of (a) over (b) below:

     (a)  such Participant's hypothetical accrued retirement benefits under the
          Retirement System (expressed as a benefit at Normal Retirement Date),
          determined without regard to: (1) the limit on compensation imposed by
          section 401(a)(17) of the Code (as reflected in the applicable
          provisions of the Retirement System), and (2) the limits on benefits
          imposed by section 415(b) and (e) of the Code (as reflected in the
          applicable provisions of the Retirement System); and

     (b)  such Participant's hypothetical accrued retirement benefits under the
          Retirement System (expressed as a benefit at Normal Retirement Date),
          determined without regard to the limits on benefits imposed by section
          415(b) and (e) of the Code (as reflected the applicable provisions of
          the Retirement System).

     2.3    Adjustments for Early Retirement and Early Commencement. In the
           --------------------------------------------------------
 event the payment of Excluded Compensation Benefits commences prior to the
 Participant's Normal Retirement Date, the amount of a Participant's Excluded
 Compensation Benefits as calculated in Section 2.2 above shall be adjusted to
 reflect the early benefit commencement date in accordance with the applicable
 actuarial equivalence or early retirement factors set forth in the Retirement
 System.

                                       4
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                                  ARTICLE III

                                EXCESS BENEFITS
                                ---------------

     3.1    Eligibility. Each participant in the Retirement System whose
            -----------
retirement benefits under the Retirement System do not accrue or are reduced for
any month by reason of Code section 415 (as reflected in the applicable
provisions of the Retirement System) is a Participant eligible to accrue Excess
Benefits under this Article.

     3.2    Amount. The amount of a Participant's Excess Benefits shall be an
            ------
amount equal to the excess, if any, of (a) over (b) below:

     (a)  such Participant's hypothetical accrued retirement benefits under the
          Retirement System (expressed as a benefit at Normal Retirement Date),
          determined without regard to the limits on benefits imposed by section
          415(b) and (e) of the Code (as reflected in the applicable provisions
          of the Retirement System); and

     (b)  such Participant's accrued retirement benefits under the Retirement
          System.

     3.3    Adjustments for Early Retirement and Early Commencement. In the
            -------------------------------------------------------
event the payment of Excess Benefits commences prior to the Participant's Normal
Retirement Date, the amount of a Participant's Excess Benefits as calculated in
Section 3.2 above shall be adjusted to reflect the early benefit commencement
date in accordance with the applicable actuarial equivalence or early retirement
factors set forth in the Retirement System.

                                       5
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                                  ARTICLE IV

                        DEFERRED COMPENSATION BENEFITS
                        ------------------------------

     4.1  Eligibility. Each participant in the Retirement System who defers
          -----------
payment of a portion of compensation from the Employer pursuant to (i) a
Deferred Compensation Plan, or (ii) effective January 1, 1989, the Prudential
Supplemental Employee Savings Plan (or one of its predecessor plans, the
Non-Qualified Deferred Compensation Plan) that would, but for the deferral of
payment, constitute pensionable Earnings under the Retirement System (including
any such compensation that would have constituted Earnings but would have
exceeded the limit on compensation imposed by section 401(a)(17) of the Code) is
eligible to accrue Deferred Compensation Benefits under this Article.

     4.2  Amount. The amount of a Participant's Deferred Compensation Benefits
          ------
shall be an amount equal to the excess, if any, of (a) over (b) below:

     (a)  such Participant's hypothetical accrued retirement benefits under the
          Retirement System (expressed as a benefit at Normal Retirement Date),
          determined by including as pensionable Earnings the amount of the
          deferred compensation under the Deferred Compensation Plan and the
          Prudential Supplemental Employee Savings Plan that would, but for the
          deferral of payment, constitute pensionable Earnings under the
          Retirement System (including such compensation that would have
          constituted Earnings had it not exceeded the limit on compensation
          imposed by section 401(a)(17) of the Code and determined without
          regard to the limits on benefits imposed by Code section 415(b) and
          (e)); and

     (b)  such Participant's accrued retirement benefits under the Retirement
          System, and such Participant's accrued benefits under Articles II and
          III of this Plan.

     4.3   Adjustments for Early Retirement and Early Commencement. In the event
           -------------------------------------------------------
the payment of Deferred Compensation Benefits commences prior to the
Participant's Normal Retirement Date, the amount of a Participant's Deferred
Compensation Benefits as calculated in Section 4.2 above shall be adjusted to
reflect the early benefit commencement date in accordance with the applicable
actuarial equivalence or early retirement factors set forth in the Retirement
System.

                                       6
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                                   ARTICLE V

                           EARLY RETIREMENT BENEFITS
                           -------------------------

     5.1 Eligibility. Each participant in the Retirement System (i) who retires
         -----------
directly from Employer service as an office employee on or after the first day
of the month coinciding with or next following such Participant's fifty-ninth
(59th) birthday, (ii) who could complete twenty-five (25) years of Continuous
Service for the Employer before the first day of the month coinciding with or
next following such Participant's sixty-fifth (65th) birthday, and (iii) whose
last three consecutive years of Continuous Service were at a rank no lower than
that of departmental vice president, managing director or the equivalent of such
rank, is a Participant eligible to accrue Early Retirement Benefits under this
Article.

     5.2 Amount. The amount of a Participant's Early Retirement Benefits, in the
         ------
case of a Participant who retires before his or her Normal Retirement Date,
shall be an amount equal to the excess, if any, of (a) over (b) below:

     (a)  such Participant's accrued retirement benefits under the Retirement
          System, and accrued benefits under Articles II, III, and IV of this
          Plan (expressed as a benefit at Normal Retirement Date), multiplied by
          the applicable adjustment factor in paragraphs (1), (2) or (3) set
          forth below:

          (1)  if the Participant retires on or after the first day of the month
               following the date he or she has both completed twenty-five (25)
               years of Continuous Service with the Employer and attained age
               sixty (60), the adjustment factor used in determining such
               benefits shall be equal to 1.00;

          (2)  if the Participant retires on or after the first day of the month
               following the date he or she attains age sixty (60) and before he
               or she has completed twenty-five (25) years of Continuous Service
               with the Employer, the adjustment factor used in determining such
               benefits shall be equal to 1.00, reduced by 5/9 of 1.00% for each
               full month by which the Participant's retirement date precedes
               the first day of the month following the date such Participant
               would have completed twenty-five (25) years of Continuous Service
               with the Employer; or

          (3)  if the Participant retires on or after the first day of the month
               following the date he or she attains age fifty-nine (59) and
               prior to the first day of the month following the date he or she
               attains age sixty (60), the adjustment factor used in determining
               such benefits shall be equal to 1.00,

               (i)  reduced by 5/9 of 1.00% for each full month by which the
                    Participant's retirement date precedes the first day of the
                    month following the date such Participant would have
                    completed twenty-five (25) years of Continuous Service with
                    the Employer, but excluding any full months by which the
                    Participant's retirement date precedes the first day of the
                    month following attainment of age sixty (60), and

               (ii) further reduced for each remaining full month, if any, by
                    which the Participant's retirement date precedes the first
                    day of the month following attainment of age sixty (60) by
                    one-twelfth of the excess of: (A) the adjustment factor set
                    forth in subparagraph (i) above, over (B) the adjustment
                    factor applicable at age fifty-nine (59) under the
                    Retirement System.

                                       7
<PAGE>

     (b)  such Participant's accrued early retirement benefits under Article XI
          of the Retirement System (as in existence on January 1, 1994 or any
          successor provision), and such Participant's accrued benefits under
          Articles II, III and IV of this Plan (as adjusted to reflect the early
          commencement of benefits).

                                       8
<PAGE>

                                  ARTICLE VI

                              PAYMENT OF BENEFITS
                              -------------------
     6.1 Payment of Benefits. If a Participant has accrued any benefits
         -------------------
described in Articles II through V of the Plan and is vested under the
Retirement System as a result of: (i) attaining Normal Retirement Age under the
Retirement System or (ii) having completed five (5) years of Vesting Service,
such Participant shall, subject to Section 6.3 below, begin receiving Plan
payments on the date monthly benefits commence under the Retirement System and
payments shall continue monthly thereafter, as long as payments to the
Participant or the Participant's beneficiary are made for that same month under
the Retirement System.

     6.2 Form of Benefit. Subject to Section 6.3 below, benefits payable under
         ---------------
the Plan shall be paid to the Participant (and his or her beneficiary) in the
same form of benefit as the benefit payable to such Participant (and
beneficiary) under the Retirement System; provided, however, that:
                                          -----------------

         (a)  the variable annuity option described in the Retirement System is
              not available with respect to payments under the Plan, and

         (b)  the level income option described in the Retirement System will be
              applied so that payments under the Plan are adjusted, if
              necessary, so that the sum of the Participant's benefits under the
              Retirement System, Primary Insurance Benefits related to Active
              Service with the Company expected to become payable under Title II
              of the Federal Social Security Act, and benefits under the Plan
              are as nearly uniform as practical each month both before and
              after the earliest date the Participant could receive payment of
              such Primary Insurance Benefits.

     6.3 Single Sum. (a) Effective January 1, 1990, in lieu of receiving
         ----------
benefits at the time and in the form set forth in Sections 6.1 and 6.2, a
Participant who meets the requirements set forth in paragraph (d) below may
elect to receive Plan benefits in a single sum payment pursuant to this Section
6.3 without regard to the form of retirement benefit payable to the Participant
under the Retirement System. Such election must be in writing and shall be
irrevocable.

         (b) The single sum shall be paid to the Participant on such
Participant's retirement date under the Retirement System (or as soon as
practicable thereafter). Effective for any election received by the Committee on
or after March 1, 1995, the single sum shall be paid to the Participant on the
later of (i) such Participant's retirement date under the Retirement System or
(ii) the one-year anniversary of the date the Committee, or its designee,
receives such Participant's election of the single sum benefit (or as soon as
practicable thereafter). Such single sum benefit shall be in lieu of all
benefits otherwise payable to the Participant (and his or her beneficiary) under
the Plan and no death benefit (other than the death benefit described in Section
7.3) shall be payable under the Plan to the Participant's beneficiary.

         (c) The amount of the single sum payment is the consideration that
would be required on the Participant's retirement date under the Retirement
System, or if later, on the date of payment, pursuant to the interest and
mortality assumptions specified by the Committee, as applicable on the actual
date of the single sum payment, to purchase all benefits otherwise payable to
the Participant under Articles II through V of the Plan in the form of a single
life annuity with a fifteen (15) year period certain for an unmarried
Participant or a fifty percent (50%) joint and survivor annuity for a married
Participant.

         (d) A Participant may receive the single sum payment provided under
this Section 6.3 if and only if such Participant (i) makes the election to
receive the single sum (and the

                                       9
<PAGE>

Committee, or its designee, receives such election) prior to the date he or she
terminates employment with the Controlled Group, (ii) is eligible to retire
(including early retirement) under the Retirement System at the time of
termination of employment with the Controlled Group, (iii) has presented the
Committee, or its designee, with evidence of good health, within six (6) months
prior to the date of payment of the Participant's single sum, that is
satisfactory to the Committee and in accordance with the rules adopted for such
purpose and in effect at the time the evidence is submitted, and (iv) survives
until the expected payment date (such date being, as applicable, the later of:
(A) the Participant's retirement date under the Retirement System and (B) the
one-year anniversary of the date the Committee receives the Participant's single
sum election, if any).

     (e) If a Participant who has elected the single sum payment fails to
provide satisfactory evidence of good health, does not survive until the
expected payment date, or is otherwise not eligible to receive the single sum
payment, Plan benefits shall be paid to the Participant (and/or the beneficiary,
as the case may be), as if the Participant had not elected the single sum
payment under this Section 6.3; provided, however, that in the event payments
                                -----------------
have already commenced to the Participant under the Retirement System but the
Participant has not yet received Plan benefits because the single sum could not
be paid until the one-year anniversary date of the single sum election (the
"waiting period"), the Participant (or the beneficiary, as the case may be)
shall receive the amount of Plan benefits that would have been paid to the
Participant during the waiting period if Plan benefits had been paid pursuant to
Sections 6.1 and 6.2 above.

                                      10
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                                  ARTICLE VII

                                DEATH BENEFITS
                                --------------

     7.1 Pre-Retirement Survivor Annuity Coverage for Married Participants.
         -----------------------------------------------------------------

         (a) Surviving Spouse Eligibility. The surviving spouse of each
             ----------------------------
             Participant who dies prior to the commencement of the payment of
             benefits under the Plan pursuant to Article VI above, who is
             entitled to receive qualified pre-retirement survivor annuity
             benefits under the Retirement System, is entitled to receive pre-
             retirement spouse annuity benefits under this Section 7.1(a).

             (1) Amount. The amount of a surviving spouse's monthly pre-
                 ------
                 retirement spouse annuity benefits shall be equal to fifty
                 percent (50%) of the monthly benefits that would have been
                 payable to the Participant under the Plan if such Participant
                 had:

                 (i)  elected to commence receiving benefits on the day before
                      the Participant's death, if death occurs after the date
                      the Participant attained the earliest possible Early
                      Retirement Date under the terms of the Retirement System;
                      or

                 (ii) experienced a Termination of Employment on the
                      Participant's date of death, survived to the Participant's
                      earliest possible Early Retirement Date under the terms of
                      the Retirement System, and died on the following day.

             (2) Payment of Benefits. Benefit payments to a surviving spouse
                 -------------------
                 will be paid in the same manner and at the same time that pre-
                 retirement survivor annuity benefits for married participants
                 are paid under the Retirement System.

         (b) Beneficiary Eligibility. If a married Participant who dies prior to
             -----------------------
             the commencement of the payment of benefits under the Plan pursuant
             to Article VI above elects under the Retirement System payment of
             pre-retirement death benefits in the form of subsidized or
             unsubsidized pre-retirement period certain coverage for a
             beneficiary rather than in the form of pre-retirement survivor
             annuity coverage for a surviving spouse, and the beneficiary is
             entitled to receive such benefits under the Retirement System, such
             beneficiary is entitled to receive pre-retirement period certain
             coverage under this Section 7.1(b).

             (1)  Amount. The amount of a beneficiary's monthly pre-retirement
                  ------
                  period certain coverage shall be the same amount that would
                  have been payable to the beneficiary under the Plan under a
                  subsidized or unsubsidized post-retirement period certain
                  optional form of benefit if the Participant had elected to
                  commence receiving benefits in such form on the date of the
                  Participant's death.

             (2)  Payment of Benefits. Benefit payments to a beneficiary will be
                  -------------------
                  paid in the same manner and at the same time that pre-
                  retirement period certain coverage amounts are paid under the
                  Retirement System.

<PAGE>

     7.2 Pre-Retirement Period Certain Coverage for Unmarried Participants. If a
         -----------------------------------------------------------------
Participant elects, or is deemed to have elected, subsidized or unsubsidized
pre-retirement period certain coverage for unmarried participants under the
Retirement System, that same election shall apply with respect to benefits
accrued under the Plan. The amount of a beneficiary's monthly pre-retirement
period certain coverage for unmarried Participants shall be the same amount that
would have been payable to the beneficiary under the Plan under a subsidized or
unsubsidized post-retirement period certain optional form of benefit if the
Participant had elected to commence receiving benefits in such form on the date
of the Participant's death. Benefit payments to a beneficiary will be paid in
the same manner, and at the same time, that pre-retirement period certain
coverage for unmarried participants amounts are paid under the Retirement
System.

     7.3 Additional Death Benefit. If a Participant: (i) who is in service with
         ------------------------
an Employer prior to 1970, (ii) who is eligible to receive Early Retirement
Benefits, and (iii) dies on or after the first day of the month following such
Participant's attainment of age sixty-five (65) and (A) while in Employer
service or (B) after having retired directly from Employer service, a single sum
death benefit shall be payable as of the date of such Participant's death (in
addition to any other death benefits payable under the Plan). The single sum
death benefit payable under this paragraph shall be equal to the amount of one
year's payments of the portion of such Early Retirement Benefits accrued prior
to 1970 payable in the form of a single life annuity (without regards to the
manner in which Early Retirement Benefits are actually paid to a Participant).
The single sum death benefit shall be payable as of the date of such
Participant's death to a beneficiary or beneficiaries designated by the
Participant, if any, or otherwise to the Participant's estate. By proper written
request to the Company, in accordance with established rules, a Participant may
designate one or more beneficiaries, and may change any beneficiary previously
designated.

                                      12
<PAGE>

                                 ARTICLE VIII

                       AD HOC COST OF LIVING ADJUSTMENTS
                       ---------------------------------

     8.1 September 1, 1996 Cost of Living Adjustment. (a) Subject to paragraph
         -------------------------------------------
(b) below, the cost of living adjustment granted on September 1, 1996 to certain
Participants (as defined in the Retirement System), spouses, and beneficiaries
shall be provided under this Plan to the extent such cost of living adjustment
cannot be paid under the Retirement System by reason of Code section 401(a)(17)
or 415 (as reflected in the applicable provisions of the Retirement System).
Such cost of living adjustment shall be provided in the same form and at the
same time as the cost of living adjustment provided under the Retirement System.

         (b) In the event a Participant who is eligible for the cost of living
adjustment granted on September 1, 1996 under the Retirement System elects to
receive a single sum distribution under Section 6.3 of this Plan, such
Participant shall not receive a cost of living adjustment under this Section
8.1. Likewise, in the event a spouse or beneficiary who is eligible for the cost
of living adjustment granted on September 1, 1996 under the Retirement System is
the spouse or beneficiary of a Participant who elected to receive a single sum
distribution under Section 6.3 of this Plan, such spouse or beneficiary shall
not receive a cost of living adjustment under this Section 8.1.

                                      13
<PAGE>

                                  ARTICLE IX

                          ADMINISTRATION OF THE PLAN
                          --------------------------
     9.1 Administration of the Plan. (a) The Plan shall be administered by the
         --------------------------
Committee. The Committee shall maintain such procedures and records as will
enable the Committee to determine the Participants and their beneficiaries who
are entitled to receive benefits under the Plan and the amounts thereof.

        (b) The head of the Human Resources Department of the Company may, in
his or her sole discretion, exercise the authority of the Committee and act as
the Committee in administering the Plan.

     9.2 General Powers of Administration. (a) The Committee shall have the
         --------------------------------
exclusive right, power and authority to interpret, in its sole discretion, any
and all of the provisions of the Plan; and to consider and decide conclusively
any questions (whether of fact or otherwise) arising in connection with the
administration of the Plan or any claim for benefits arising under the Plan. Any
decision or action of the Committee shall be conclusive and binding.

        (b) Provisions set forth in the Retirement System with respect to claims
and appeals procedures, and immunities of the Committee (as defined in the
Retirement System) shall also be applicable with respect to the Plan.

                                      14
<PAGE>

                                   ARTICLE X

                           AMENDMENT AND TERMINATION
                           -------------------------

     10.1 Change or Termination of the Plan. (a) The Company reserves the right
          ---------------------------------
to amend or terminate the Plan in any respect and at any time and may do so
pursuant to a written resolution of the Compensation Committee of the Board of
Directors. Prior to August 12, 1997, such amendment or termination may include,
without limitation, discontinuing payments to Participants (and beneficiaries)
who have, prior to the time of amendment or termination, received such payments;
provided, however, that no amendment or termination of the Plan may adversely
affect (i) the rights of any spouse who, before the effective date of such
amendment or termination, has commenced receiving pre-retirement spouse annuity
benefits under Section 7.1 or (ii) the accrued benefit of any Participant, or
beneficiary to benefits that are bested pursuant to Section 10.1(c) below.

Effective August 12, 1997, no amendment or termination of the Plan shall have
the effect of reducing a Participant's accrued benefit under the Plan or vesting
status under the Plan as in effect immediately prior to the adoption of such
amendment or termination of the Plan (or, if later, the effective date of such
amendment or termination of the plan); provided, however, that the Company
reserves the right to amend or change any optional forms of benefit provided
under the Plan in any respect and at any time.

     (b)  The head of the Human Resources Department of the Company may adopt
minor amendments to the Plan without approval by the Compensation Committee of
the Board of Directors that (i) are necessary or advisable for purposes of
compliance with applicable laws and regulations, (ii) relate to administrative
practices, or (iii) have an insubstantial financial effect on Plan benefits and
expenses.

     (c)  Each Participant in service on or after January 1, 1994 (or
beneficiary of such Participant) shall be fully vested in benefits accrued prior
to January 1, 1994 under the Plan or under one or more of the Prior Programs.

                                      15
<PAGE>

                                  ARTICLE XI

                              GENERAL PROVISIONS
                              ------------------

     11.1  Participant's Rights Unsecured and Unfunded. The Plan at all times
           -------------------------------------------
shall be entirely unfunded. No assets of the Company or any other Participating
Affiliated Company shall be segregated or earmarked to represent the liability
for accrued benefits under the Plan. The right of a Participant (or his or her
beneficiary) to receive a payment hereunder shall be an unsecured claim against
the general assets of the Company. All payments under the Plan shall be made
from the general assets of the Company.

     11.2  Transfer of Obligations. Effective December 10, 1996, by written
           -----------------------
action of the Chief Financial Officer of the Company as memorialized in an
officer's certificate, the Company may transfer and thereby be released from its
primary liability for all or part of its payment obligations under the Plan,
provided that the transferee is an affiliate of the Company, the Company and the
transferee enter into a written agreement with respect to the transfer and
assumption of liabilities, and the rights of the employees to receive their
benefits under the Plan are not impaired as a result of the transfer and
assumption of liabilities under and in accordance with the transfer and
assumption agreement.

     11.3  No Guarantee of Benefits. Nothing contained in the Plan shall
           ------------------------
constitute a guaranty by the Employer or any other person or entity that the
assets of the Company will be sufficient to pay any benefit hereunder.

     11.4  No Enlargement of Employee Rights. Participation in the Plan shall
           ---------------------------------
not be construed to give any Participant the right to be retained in the service
of any Employer.

     11.5  Non-Alienation Provision. No interest of any person or entity in, or
           ------------------------
right to receive a benefit or distribution under, the Plan shall be subject in
any manner to sale, transfer, assignment, pledge, attachment, garnishment, or
other alienation or encumbrance of any kind; nor may such interest or right to
receive a distribution be taken, either voluntarily or involuntarily for the
satisfaction of the debts of, or other obligations or claims against, such
person or entity, including claims for alimony, support, separate maintenance
and claims in bankruptcy proceedings.

     11.6  Applicable Law. The Plan shall be construed and administered under
           --------------
the laws of the State of New Jersey, except to the extent that such laws are
preempted by ERISA.

     11.7  Taxes. To the extent required by law, amounts accrued under the Plan
           -----
shall be subject to federal and state income, federal social security and
federal or state unemployment taxes during the year the services giving rise to
such amounts were performed (or, if later, when the amounts are both
determinable and not subject to a substantial risk of forfeiture). The Company,
the Employer or the Participating Subsidiary (as applicable) shall withhold from
any payments made pursuant to the Plan such amounts as may be required by
federal, state or local law, and the Company, the Employer or the Participating
Subsidiary (as applicable) further reserves the right: (a) to limit or reduce
the amounts intended to be deferred under the terms of the Plan as may be
necessary or appropriate in order to ensure that any required tax withholdings
can be deducted; and/or (b) to require the Participant to pay any taxes owed on
such amounts through personal check or payroll deduction.

     11.8  Excess Payments. If the compensation, years of service, age, or any
           ---------------
other relevant fact relating to any person is found to have been misstated, the
Plan benefit payable by the Company to a Participant or Beneficiary shall be the
Plan benefit which would have been
                                      16
<PAGE>

provided on the basis of the correct information. Any excess payments due to
such misstatement, or due to any other mistake of fact or law, shall be refunded
to the Company or withheld by it from any further amounts otherwise payable
under the Plan.

     11.9   No Impact on Other Benefits. Amounts accrued or paid under the Plan
            ---------------------------
shall not be included in a Participant's compensation for purposes of
calculating benefits under any other plan, program or arrangement sponsored by
the Employer or Participating Subsidiary, unless such plan, program or
arrangement expressly provides that amounts accrued or paid under the Plan shall
be included.

     11.10  Data. Each Participant or beneficiary shall furnish the Committee
            ----
with all proofs of dates of birth and death and proofs of continued existence
necessary for the administration of the Plan, and the Company shall not be
liable for the fulfillment of any Plan benefits in any way dependent upon such
information unless and until the same shall have been received by the Committee,
or its designee, in a form satisfactory to it.

     11.11  Incapacity of Recipient. If a Participant or other beneficiary
            -----------------------
entitled to a distribution under the Plan is living under guardianship or
conservatorship, distributions payable under the terms of the Plan to such
Participant or Beneficiary shall be paid to his or her appointed guardian or
conservator and such payment shall be a complete discharge of any liability of
the Company under the Plan.

     11.12  Usage of Terms and Headings. Words in the masculine gender shall
            ---------------------------
include the feminine and the singular shall include the plural, and vice versa,
unless qualified by the context. Any headings are included for ease of reference
only, and are not to be construed to alter the terms of the Plan.

     IN WITNESS WHEREOF, The Prudential Insurance Company of America has caused
this restatement to be executed as of September ___, 1997, effective January 1,
1996, except as otherwise provided herein.

                                                  THE PRUDENTIAL INSURANCE
                                                  COMPANY OF AMERICA

                                                  By:___________________________
                                                        Michele S. Darling
                                                        Executive Vice President

                                      17<PAGE>

                                                                   Exhibit 10.14
                            PRUDENTIAL SUPPLEMENTAL
                             EMPLOYEE SAVINGS PLAN

                       (effective as of January 1, 2001)

     The Prudential Supplemental Employee Savings Plan (the "Plan") has been
established by The Prudential Insurance Company of America, effective January 1,
2001 (the "Effective Date"), for the purpose of providing unfunded benefits for
certain eligible employees (and their beneficiaries) that are in excess of the
limits on contributions to the Prudential Employee Savings Plan ("PESP") imposed
by either Sections 401(a)(17) and 415(c)(1)(A) of the Internal Revenue Code of
1986, as amended (the "Code").

     The portion of the Plan that provides unfunded benefits in excess of the
limits imposed by Section 415(c)(1)(A) of the Code (the "Code Contribution
Limit," as hereafter defined) is intended to be, and shall be administered as,
an "excess benefit plan" within the meaning of Section 3(36) of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"). The remainder of
the Plan is intended to be, and shall be administered as, an unfunded plan
maintained for the purpose of providing deferred compensation for a select group
of management or highly compensated employees within the meaning of Title I of
ERISA.

     This Plan is an amendment and restatement of The Prudential Insurance
Company of America Defined Contribution Excess Program, The Prudential Insurance
Company of America Non-Qualified Deferred Compensation Plan, and The Prudential
Insurance Company of America Supplemental Savings Program (also known as The
Prudential Insurance Company of America Supplemental Executive Savings Plan),
each as maintained by The Prudential Insurance Company of America prior to the
Effective Date (collectively, the "Prior Programs"). Amounts credited, but not
yet paid under the Prior Programs prior to the Effective Date shall be paid,
administered, and continue to accrue interest pursuant to the terms of this
Plan.

                                   ARTICLE I

                                  DEFINITIONS
                                  -----------

     The following terms shall have the meanings hereinafter set forth. Other
terms that are capitalized in this Plan and that are not defined below shall be
defined in the same manner as they are defined in PESP.

                                       1
<PAGE>

     1.1 "Account" means the recordkeeping account maintained for a Participant
under the Plan to credit a Participant with the amounts that he or she may
become entitled under the terms of Article III of the Plan. For internal
recordkeeping purposes only, each Participant's Account may be subdivided into
various subaccounts by the Company, in its discretion.

     1.2 "Board of Directors" means the Board of Directors of the Company.

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

     1.4 "Code Compensation Limit" means the requirement, set forth under Code
Section 401(a)(17), that the annual compensation of each employee taken into
account under a qualified profit sharing or retirement plan and trust for any
year cannot exceed $150,000 annually, adjusted for inflation.

     1.5 "Code Contribution Limit" means the requirement, set forth under Code
Section 415(c)(1)(A), that contributions made on behalf of any participant under
a qualified defined contribution plan and trust for any year cannot exceed
$30,000 annually, adjusted for inflation.

     1.6 "Committee" means the Administrative Committee described in PESP,
unless otherwise exercised or designated under the provisions of Section 6.1 (b)
of the Plan.

     1.7 "Company" means The Prudential Insurance Company of America.

     1.8 "Compensation" means "Earnings" as defined in PESP, except that
Compensation shall be computed without regard to the limits imposed by the Code
Compensation Limit.

     1.9 "Controlled Group" means the Company and (i) each corporation which is
a member of a controlled group of corporations (within the meaning of Section
414(b) of the Code) which includes the Company, (ii) each trade or business
(whether or not incorporated) which is under common control with the Company
(within the meaning of Section 414(c) of the Code, (iii) each organization
included in the same affiliated service group (within the meaning of Section
414(m) of the Code) as the Company, and (iv) each other entity required to be
aggregated with the Company pursuant to regulations promulgated under Section
414(o) of the Code. Any such entity shall be treated as part of the Controlled
Group only for the period while it is a member of the controlled group or
considered to be in a common control group.

     1.10 "Earnings" shall have the meaning set forth in PESP.

     1.11 "Effective Date" means January 1, 2001.

                                       2
<PAGE>

     1.12 "Eligible Employee" means an Employee who meets the eligibility
requirements of Section 2.1 of the Plan.

     1.13 "Employee" means an individual employed by any Employer (including,
for these purposes, any individual who is not a common law employee of such
Employer) who is also a participant, as of any relevant date, in PESP.

     1.14 "Employer" means the Company or an Affiliate participating in PESP.

     1.15 "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended.

     1.16 "401(a)(17) Deferral" means the amount credited to a Participant's
Account under the Plan pursuant to Section 3.4 herein, including amounts
credited under the Prior Program called The Prudential Insurance Company of
America Non-Qualified Deferred Compensation Plan and interest thereon.

     1.17 "401(a)(17) Matching Contribution" means the amount credited to a
Participant's Account under the Plan pursuant to Section 3.5 herein, including
contributions credited under the Prior Program called The Prudential Insurance
Company of America Supplemental Savings Program and interest thereon.

     1.18 "415 Crossover Matching Contribution" means the amount credited to a
Participant's Account under the Plan pursuant to Section 3.3 herein, including
contributions credited under the Prior Program called The Prudential Insurance
Company of America Defined Contribution Excess Program and interest thereon.

     1.19 "415 Deferral" means the amount credited to a Participant's Account
under the Plan pursuant to Section 3.1 herein, including contributions credited
under the Prior Program called The Prudential Insurance Company of America
Non-Qualified Deferred Compensation Plan and interest thereon.

     1.20 "415 Matching Contribution" means the amount credited to a
Participant's Account under the Plan pursuant to Section 3.2 herein, including
contributions credited under the Prior Program called The Prudential Insurance
Company of America Defined Contribution Excess Program and interest thereon.

     1.21 "Participant" means an Eligible Employee described in Article II who
is receiving credits to his or her Account under the Plan pursuant to Article
III. A Participant also includes an Eligible Employee who has previously
received credits under the Plan or one of the Prior Programs, but in each case
has not received full payment of his or her Account under the Plan or such Prior
Programs.

     1.22 "PESP" means the Prudential Employee Savings Plan, as established and
effective as of January 1, 1994 and most recently amended and restated effective
as of

                                       3
<PAGE>

January 1, 2001, as the same may be in effect from time to time, including any
successor plan.

     1.23 "Plan" means this Prudential Supplemental Employee Savings Plan, as
amended from time to time.

     1.24 "Prior Programs" means The Prudential Insurance Company of America
Defined Contribution Excess Program, The Prudential Insurance Company of America
Non-Qualified Deferred Compensation Plan, and The Prudential Insurance Company
of America Supplemental Savings Program (also known as The Prudential Insurance
Company of America Supplemental Executive Savings Plan) as in effect from time
to time prior to the Effective Date.

     1.25 "Termination of Employment" means an individual's voluntary or
involuntary termination of employment with the Controlled Group for any reason,
including death. An individual who is receiving short-term disability benefits
under the Prudential Welfare Benefits Plan shall be deemed to have incurred a
Termination of Employment on the date such benefits are exhausted, unless such
individual has returned to work within the Controlled Group.

                                  ARTICLE II

                         ELIGIBILITY AND PARTICIPATION
                         -----------------------------

     2.1   Eligibility.
           -----------

       (a) Prior Programs: Each Employee whose (i) After-Tax or Before-Tax
           --------------
Contributions (and any related Company Matching Contributions that may be
allocated on his or her behalf to PESP) could not be made by reason of the
limits on contributions contained in PESP for the purpose of satisfying the Code
Contribution Limit and/or (ii) Compensation for purposes of determining the
amount of After-Tax or Before-Tax Contributions (and any related Company
Matching Contributions that may be allocated on his or her behalf to PESP) was
limited by reason of the Code Compensation Limit shall be deemed to be an
"Eligible Employee" for purposes of participating in the Prior Programs.

       (b) Eligibility Requirements Effective for Plan Year 2001 and Beyond:
           ----------------------------------------------------------------
Each Employee whose

           (i) (A) Before-Tax or Company Matching Contributions to PESP cannot
               be made by reason of the limits on contributions contained in
               PESP for the purpose of satisfying the Code Contribution Limit
               and/or (B) Compensation for purposes of determining the amount of
               Before-Tax or Company Matching Contributions that may be
               allocated on his or

                                       4
<PAGE>

               her behalf to PESP is limited by reason of the Code Compensation
               Limit; and

          (ii) as of the time that either the Code Compensation Limit or Code
               Contribution Limit is reached, is either deferring Earnings under
               PESP or has either (A) been precluded from continuing to defer
               Earnings in any Plan Year under PESP due to the operation of the
               limitation on contributions of elective deferrals under Section
               402(g) of the Code and/or the Code nondiscrimination test on
               contributions of elective deferrals under Code Section 401(k)(3)
               or (B) been precluded from receiving Company Matching
               Contribution under PESP in any Plan Year because of the operation
               of the nondiscrimination test on Company Matching Contributions
               under Code Section 401(m)(2);

shall be deemed to be an "Eligible Employee" for purposes of participating in
the Plan.

     2.2  Election to Participate in the Plan.
          -----------------------------------

      (a) General. Each Eligible Employee (and each individual participating in
          -------
PESP who could become an Eligible Employee during the following Plan Year
because of increases in Compensation or the application of the Code Contribution
Limit) may elect to participate in the Plan during the following Plan Year, but
only if such election is made in writing and received by the Committee, or its
designee, prior to the beginning of the following Plan Year.

      (b) "Late" Elections. Notwithstanding the provisions of Section 2.2(a)
           ---------------
above, each individual who (i) becomes eligible to participate in PESP or
otherwise becomes an Eligible Employee for the first time after the beginning of
a Plan Year, or (ii) who again becomes an Eligible Employee after a period of
ineligibility for any reason (but not within the same Plan Year), may elect to
participate in the Plan during the remainder of such Plan Year, but only if such
election is made in writing and received by the Committee, or its designee, no
later than 30 days after the date he or she first becomes an Eligible Employee.

      (c) Election is Irrevocable. An election made under this Section 2.2 may
          -----------------------
not be revoked by the Participant once a Plan Year has commenced (or if the
election is made under Section 2.2(b), once the election form is received by the
Committee or its designee within such 30 day period) and shall remain in force
until the last day of the Plan Year (or, if earlier, the Participant's
Termination of Employment in such Plan Year).

      (d) Annual Elections Required; Form of Election. A new election to
          -------------------------------------------
participate must be filed for each Plan Year, in a form and manner specified by
the Committee or its designee.

                                       5
<PAGE>

     2.3  Date Participation Commences. Effective for Plan Years beginning on or
          ----------------------------
after January 1, 2001, each Eligible Employee who has elected to participate
shall become a Participant and commence participation under Sections 3.1 through
3.5 of the Plan during the first payroll period during a Plan Year at the
earliest to occur of (a) the Eligible Employee's Compensation first exceeds the
limit imposed by the Code Compensation Limit or (b) the inability of the
Eligible Employee's Before-Tax or Company Matching Contributions to PESP to be
made by reason of the limits on contributions contained in PESP for the purpose
of satisfying the Code Contribution Limit; provided, however, that in either
                                           --------  -------
case such Eligible Employee must have filed a valid payroll deduction election
under PESP related to such Plan Year in order for any amounts to be credited to
an Eligible Employee under the Plan. Once an Eligible Employee commences
participation in the Plan by reason of the Code Contribution Limit or the Code
Compensation Limit in a particular Plan Year, such Participant shall have his
benefits calculated under the Plan only by reference to such particular Limit
for such year.

                                  ARTICLE III

                                 CONTRIBUTIONS
                                 -------------

     3.1  415 Deferral. Each Participant's Compensation for a Plan Year shall be
          ------------
reduced on a pre-tax basis by the amount of 415 Deferral credited to such
Participant under the Plan for the Plan Year, determined as follows:

       (a) (a) Prior Programs. The amount of 415 Deferral credited to a
               --------------
Participant's Account under the Prior Programs was equal to a percentage of the
Participant's Earnings (up to three percent (3%)) that would have been allocated
to PESP but for the application of the Code Contribution Limit for such Plan
Year.

       (b) 415 Deferral Requirements Effective Plan Year 2001. Effective for
           --------------------------------------------------
Plan Years beginning on or after January 1, 2001, the amount of 415 Deferral
that may be credited to a Participant's Account will be equal to a percentage of
the Participant's Earnings that would have been allocated to PESP on the
Participant's behalf as Before-Tax Contributions but for the application of the
Code Contribution Limit for such Plan Year. Such percentage (up to four percent
(4%)) of Earnings shall be selected at the direction of the Participant (in a
form specified by the Committee or its designee).

     3.2   415 Matching Contribution. The amount of 415 Matching Contribution
           -------------------------
that shall be credited to a Participant's Account for any Plan Year shall be
equal to the amount of 415 Deferral, if any, credited to his or her Account for
the same Plan Year under Section 3.1 herein; provided, however, that if a
                                             --------  -------
Participant's Earnings are not reduced by 415 Deferral during the last month of
the Plan Year due to the Employer's failure to timely commence payroll
deductions, such Participant shall still be credited

                                       6
<PAGE>

with 415 Matching Contribution in the amount that would have been credited if
such 415 Deferral had been timely deducted from the Participant's paycheck.

     3.3  415 Crossover Matching Contributions. Each Participant shall have
          ------------------------------------
credited to his or her Account for a Plan Year an amount, if any, equal to the
excess of (a) over (b) below:

     (a)  The amount of Company Matching Contributions that would have been
          allocated to the PESP Company Matching Contribution Account of the
          Participant for the Plan Year if such Company Matching Contributions
          had been computed without regard to the limits imposed by the Code
          Contribution Limit; less

     (b)  The amount of the Company Matching Contributions actually allocated to
          the PESP Company Matching Account of the Participant for the Plan
          Year;

provided, however, that in the event contributions cannot be made by the
--------  -------
Participant to PESP because of the Code Contribution Limit in a particular Plan
Year, no 415 Crossover Matching Contributions shall be credited to the
Participant's Account in respect of such contributions for a Plan Year under
this Section 3.3 (and may only be credited to the extent permitted under Section
3.2 above).

     3.4  401(a)(17) Deferral. Each Participant's Compensation for a Plan Year
          -------------------
shall be reduced on a pre-tax basis by the amount of the 401(a)(17) Deferral
credited to such Participant under the Plan for the Plan Year, determined as
follows:

      (a) Prior Programs. The amount of 401(a)(17) Deferral credited to a
          --------------
Participant's Account for any Plan Year under the Prior Programs was equal to a
percentage of the Participant's Earnings (up to three percent (3%)) that would
have been allocated to PESP but for the application of the Code Compensation
Limit for such Plan Year.

      (b) 401(a)(17) Deferral Requirements Effective Plan Year 2001. Effective
          ---------------------------------------------------------
for Plan Years beginning on or after January 1, 2001, the amount of 401(a)(17)
Deferral that may be credited to a Participant's Account will be equal to a
percentage of the Participant's Earnings that would have been allocated to PESP
on the Participant's behalf as Before-Tax Contributions but for the application
of the Code Compensation Limit for such Plan Year. Such percentage (up to four
percent (4%) of Earnings shall be selected at the direction of the Participant
(in a form specified by the Committee or its designee).

     3.5  401(a)(17) Matching Contribution. The amount of 401(a)(17) Matching
          --------------------------------
Contribution that shall be credited to a Participant's Account for any Plan Year
shall be equal to the amount of 401(a)(17) Deferral, if any, credited to his or
her Account for the same Plan Year under Section 3.4 herein; provided, however,
                                                             --------  -------
that if a Participant's Earnings are not reduced by 401(a)(17) Deferral during
the last month of the Plan Year

                                       7
<PAGE>

due to the Employer's failure to timely commence payroll deductions, such
Participant shall still be credited with 401(a)(17) Matching Contribution in the
amount that would have been credited if such 401(a)(17) Deferral had been timely
deducted from the Participant's paycheck.

     3.6  Vesting. A Participant shall be fully vested in all amounts credited
          -------
to his or her Account under the Plan (including, but not limited to, amounts
credited to his or her Account under the terms of the Prior Plans).

     3.7  No Impact on Other Benefits. Amounts credited to a Participant's
          ---------------------------
Account under this Article III shall not be included in a Participant's
Compensation for purposes of calculating benefits under any other program, plan
or arrangement sponsored by an Employer, unless such program, plan or
arrangement expressly provides that such amount credited to a Participant under
this Plan shall be included.

                                  ARTICLE IV

                    VALUATION AND INTEREST ON CONTRIBUTIONS
                    ---------------------------------------

     4.1  Crediting of Contributions. 415 Deferral, 415 Matching Contribution,
          --------------------------
415 Crossover Matching Contributions, 401(a)(17) Deferral, and 401(a)(17)
Matching Contribution shall be credited to a Participant's Account as soon as
practicable after the end of each payroll period, and at the same time such
amount would have been contributed to the Participant's respective PESP
Accounts.

     4.2  Interest. Amounts credited to a Participant's Account shall begin to
          --------
accrue interest on the date such amounts are credited under the Plan and
continue to accrue interest until the date such amounts are distributed to the
Participant. Interest shall be computed at a rate equal to the interest rate
credited to The Prudential Fixed Rate Fund under PESP. The Company reserves the
right to change the interest rate for future periods at any time by amendment to
the Plan.

     4.3  Valuation. A Participant's Account under the Plan shall be valued
          ---------
(including the crediting of interest under section 4.2 herein) daily.

                                   ARTICLE V

                           PAYMENT OF PLAN BENEFITS
                           ------------------------

     5.1  General Provision. Except as provided in Section 5.2 herein, a
          -----------------
Participant's Account shall be paid to such Participant in a lump sum within
sixty (60) days following his or her Termination of Employment, or as soon as
practicable thereafter; provided that, upon the death of a Participant, such
                        -------- ----
Account shall to the extent

                                       8
<PAGE>

remaining unpaid, be paid to such Participant's Beneficiary as designated or
otherwise determined under PESP in a lump sum within sixty (60) days following
the Participant's death, or as soon as practicable thereafter.

     5.2 5.2 Incapacity of Recipient. If a Participant or other beneficiary
             -----------------------
entitled to a distribution under the Plan is living under guardianship or
conservatorship, distributions payable under the terms of the Plan to such
Participant or beneficiary shall be paid to the appointed guardian or
conservator and such payment shall be a complete discharge of any liability of
the Company or any other Employer under the Plan.

                                  ARTICLE VI

                          ADMINISTRATION OF THE PLAN
                          --------------------------

     6.1  Administration of the Plan.
          --------------------------

      (a) The Plan shall be administered by the Committee. The Committee shall
maintain such procedures and records as will enable the Committee to determine
the Participants and their beneficiaries who are entitled to receive a benefit
under the Plan and the amounts thereof.

      (b) The Executive Vice President of Human Resources of the Company may, in
his or her sole discretion, (i) exercise the authority of the Committee and act
as the Committee in administering the Plan, or (ii) designate either the Vice
President - Total Compensation, or the Vice President - Employee Benefits of the
Company to exercise the authority of the Committee and act as the Committee in
administering the Plan on his or her behalf.

     6.2  General Powers of Administration.
          --------------------------------

      (a) The Committee or its designee shall have the exclusive right, power
and authority to interpret, in its sole discretion, any and all of the
provisions of the Plan; and to consider and decide conclusively any questions
(whether of fact or otherwise) arising in connection with the administration of
the Plan or any ultimate claim for benefits arising under the Plan. The Appeals
Committee (as defined under PESP) shall be responsible for the claims and
appeals procedures under this Plan, subject to the ultimate review of the
Committee or its designee. Any decision or action of the Committee shall be
conclusive, final and binding.

      (b) Provisions set forth in PESP with respect to the claims and appeals
procedures, and immunities of the Appeals Committee (as defined in PESP), shall
also be applicable with respect to the Plan.

                                       9
<PAGE>

     6.3 Beneficiary Designation. Any designation by a Participant of a
         -----------------------
beneficiary under PESP, or determination of a beneficiary under PESP, shall also
apply for purposes of this Plan.

                                  ARTICLE VII

                           AMENDMENT AND TERMINATION
                           -------------------------

     7.1 Amendment and Termination.
         -------------------------

      (a) The Company reserves the right to amend or terminate the Plan in any
respect and at any time, and may do so pursuant to a written resolution of the
Compensation Committee of the Board of Directors; provided, however, that (i) no
                                                  --------  -------
amendment or termination of the Plan shall directly or indirectly reduce the
amount credited to any Participant's Account under the Plan as of the adoption
of such amendment or termination of the Plan (or, if later, the effective date
of such amendment or termination of the Plan) and (ii) with respect to any
acceleration of payments from the Plan to Participants (or their beneficiaries)
that may be provided for by the Compensation Committee of the Board of Directors
in accordance with the provisions of Section 7.2, no such acceleration of
payments shall be deemed a direct or indirect reduction of amounts credited to
any Participant's Account for these purposes.

      (b) The Executive Vice President of Human Resources of the Company may
adopt minor amendments to the Plan without approval by the Compensation
Committee of the Board of Directors that (i) are necessary or advisable for
purposes of compliance with applicable laws and regulations, (ii) relate to
administrative practices, or (iii) have an insubstantial financial effect on
Plan benefits and expenses.

     7.2  Effect of Termination. Upon termination of the Plan, distribution of
          ---------------------
each Participant's Account under the Plan shall be made to the Participant (or
his or her beneficiary) in the manner and at the time described in Article [V]
of the Plan unless the resolution of the Compensation Committee of the Board of
Directors specifies another time and manner of distribution. No additional
contributions shall be credited under the Plan, but interest shall continue to
be credited hereunder until the full amount has been distributed to the
Participant (or his or her beneficiary).

                                 ARTICLE VIII

                              GENERAL PROVISIONS
                              ------------------

     8.1  Participant's Rights Unsecured and Unfunded. This Plan is both an
          -------------------------------------------
"excess benefit Plan" (as defined under ERISA Section 3(36)) and an unfunded
plan maintained primarily to provide deferred compensation benefits for a select
group of

                                      10
<PAGE>

management or highly-compensated employees within the meaning of Sections 201,
301 and 401 of ERISA, and therefore is exempt from the provisions of Parts 2,3
and 4 of Title I of ERISA. Accordingly, no assets of the Company shall be
segregated or earmarked to represent the liability for accrued benefits under
the Plan. Amounts referenced in Participant Account statements are only
recordkeeping devices reflecting such liability for accrued benefits. The right
of a Participant (or his or her Beneficiary) to receive a payment hereunder
shall be an unsecured claim against the general assets of the Company. All
payments under the Plan shall be made from the general funds of the Company. The
Company is not required to set aside money or any other property to fund its
obligations under the Plan, and all amounts that may be set aside by the Company
prior to the distribution of Account balances under the terms of the Plan remain
the property of the Company.

     Notwithstanding the foregoing, nothing in this Section 8.1 shall preclude
the Company, in its sole discretion, after the Effective Date from establishing
a "rabbi trust" or other vehicle in connection with the operation of this Plan,
provided that no such action shall cause the Plan to fail to be an unfunded plan
designed to satisfy the requirements of ERISA Section 3(36) or provide deferred
compensation benefits for a select group of management or highly-compensated
employees for purposes within the meaning of Title I of ERISA.

     8.2  No Guarantee of Benefits. Nothing contained in the Plan shall
          ------------------------
constitute a guaranty by an Employer or any other person or entity that the
assets of the Company will be sufficient to pay any benefit hereunder.

     8.3  No Enlargement of Employee Rights. Participation in the Plan shall not
          ---------------------------------
be construed to give any Participant the right to be retained in the service of
any Employer.

     8.4  Non-Alienation Provision. No interest of any person or entity in, or
          ------------------------
right to receive a benefit or distribution under, the Plan shall be subject in
any manner to sale, transfer, assignment, pledge, attachment, garnishment, or
other alienation or encumbrance of any kind; nor may such interest or right to
receive a distribution be taken, either voluntarily or involuntarily for the
satisfaction of the debts of, or other obligations or claims against, such
person or entity, including claims for alimony, support, separate maintenance
and claims in bankruptcy proceedings.

     8.5  Applicable Law. The Plan shall be construed and administered under the
          --------------
laws of the State of New Jersey, except to the extent that such laws are
preempted by ERISA.

     8.6  Taxes. To the extent required by law, amounts accrued under the Plan
          -----
shall be subject to federal social security and unemployment taxes during the
year the services giving rise to such amounts were performed (or, if later, when
the amounts are

                                      11
<PAGE>

both determinable and not subject to a substantial risk of forfeiture). The
Company shall withhold from any payments made pursuant to the Plan such amounts
as may be required by federal, state or local law.

     8.7  Excess Payments. If the compensation, years of service, age, or any
          ---------------
other relevant fact relating to any person is found to have been misstated, the
Plan benefit payable by the Company to a Participant or beneficiary shall be the
Plan benefit which would have been provided on the basis of the correct
information. Any excess payments due to such misstatement, or due to any other
mistake of fact or law, shall be refunded to the Company or withheld by it from
any further amounts otherwise payable under the Plan.

     8.8  Data. Each Participant or beneficiary shall furnish the Committee with
          ----
all proofs of dates of birth and death and proofs of continued existence
necessary for the administration of the Plan, and the Company shall not be
liable for the fulfillment of any Plan benefits in any way dependent upon such
information unless and until the same shall have been received by the Committee
in form satisfactory to it.

     8.9  Usage of Terms and Headings. Words in the masculine gender shall
          ---------------------------
include the feminine and the singular shall include the plural, and vice versa,
unless qualified by the context. Any headings are included for ease of reference
only, and are not to be construed to alter the terms of the Plan.

     IN WITNESS WHEREOF, the undersigned, pursuant to the authorization granted
to her by the Compensation Committee of the Board of Directors on January 9,
2001, hereby establishes the Prudential Supplemental Employee Savings Plan,
effective as of January 1, 2001.

                                       ---------------------------
                                       Michele S. Darling
                                       Executive Vice President, Human Resources
                                       The Prudential Insurance Company
                                          of America

Date: ______________

                                      12

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