Document:

Exhibit 4.1

                       SOUTHWEST AIRLINES CO.

                  2000 STOCK CLERKS NON-QUALIFIED
                         STOCK OPTION PLAN

     SOUTHWEST AIRLINES CO., a Texas corporation (the "Company"), hereby
formulates and adopts the following 2000 Stock Clerks Non-Qualified Stock
Option Plan (the "Plan).

1. Purpose.  This Plan is adopted pursuant to the Collective Bargaining
Agreement (the "Agreement") between the Company and the International
Brotherhood of Teamsters - Airline Division for Stock Clerks of Southwest
Airlines Co. (the "IBT") ratified on November 17, 2000.

2. Administration.  This Plan shall be administered by an Administrative
Committee (the "Committee") consisting of not more than five (5) persons
designated from time to time by the Chief Executive Officer of the Company,
including as one of its members a representative of the IBT.  Members of
the Committee may be removed or replaced at any time by the Chief
Executive Officer of the Company.  The Administrative Committee shall select
one of its members as Chairman and shall adopt such rules and regulations as
it shall deem appropriate concerning the holding of its meetings, the
transaction of its business and the administration of this Plan.  A
majority of the whole Committee shall constitute a quorum, and the act of a
majority of the members of the Committee present at a meeting at which a
quorum is present shall be the act of the Committee; any decision or
determination reduced to writing and signed by a majority of the members of
the Administrative Committee shall be fully as effective as if made by a
majority vote at a meeting duly called and held.

3.   Grant of Options; Persons Eligible.

     (a)  Persons Eligible.  The Stock Option Committee of the Board of
Directors of the Company, or such other committee as may be appointed by
the Board, shall have the authority and responsibility, within the
limitations of this Plan, to grant options from time to time to persons
employed as Stock Clerks by the Company pursuant to the Agreement and as
set forth in the schedule attached as Exhibit A and made a part hereof.
Only persons who are employed as fulltime Stock Clerks of SWA on the date
of the grant may be granted options under this Plan; under no
circumstances shall executive officers of the Company be eligible to
receive options hereunder.

     (b)  Grant Price.  Initial Grants (as defined in Exhibit A) shall be
granted at an exercise price of $29.72 per share; thereafter, Options shall
be granted at an exercise price equal to the fair market value of the
Common Stock of the Company on the date of the grant of the option plus
five percent (5%).

     (c)  Southwest Airlines Employees Becoming Stock Clerks.  Except as
provided in subparagraph (e) below, Southwest Airlines Employees who enter
the Stock Clerks work force without a break in company service and who are
participants in another stock option plan (an "existing plan") will either
retain stock option grants established in accordance with such existing
plan (if permitted by such other plan), or will receive grants in accordance
with this Plan, whichever is chosen by the Employee involved, but the
Employee shall not hold grants under both plans simultaneously.  The
Employee must make the election prior to the scheduled grant date for
options under this Plan.  If the Employee does not make a timely election,
options previously granted will remain in effect, and no grant will be made
under this Plan.  Exercise of options will be done in accordance with the
Plan under which they were awarded.  At such time as the Employee no longer
holds any vested or unvested options under the other existing plan, the
Employee will receive an initial grant under this Plan on the next scheduled
grant date.  The total grant shall be based on the Employee's years of
service as of the grant date, and shall be equal to the number of shares
which have not vested prior to the grant date for that step level, according
to Exhibit A.

     (d) Stock Clerks Transferring to Another Work Group. Except as
Provided in subparagraph (e) below, if a Southwest Airlines Stock Clerk
transfers to another work group, any unvested portion of any option granted
in accordance with this Plan, shall automatically and without notice
terminate and become null and void as of the first day such Optionee is on
the payroll for such position.  Any vested and unexercised portion of any
such option shall remain exercisable under this Plan.

     (e) Employees Transferring between Groups Represented by the
International Brotherhood of Teamsters.  Southwest Airlines Stock Clerks
who transfer between work groups represented by the International Brotherhood
of Teamsters and which are each covered by an existing stock option plan will
either retain stock option grants established in accordance with their
original plan or will receive grants in accordance with the plan for their
new group, whichever is chosen by the Employee involved, but the Employee
shall not hold grants under both plans simultaneously; provided however, that
if the Employee chooses to retain his grants under his original plan, and the
stock option plan for the group into which he is moving would provide
additional options (in the Total Grant) at his entry, he may choose to retain
his grants under his original plan, and, in addition, receive a supplemental
grant under the other plan in an amount equal to the difference between those
available under the other plan, and the amount he has already received under
his original plan.

     The Employee must make the election under this paragraph prior to the
next scheduled grant date for options under the stock option plan for the
group into which the Employee is moving.  If the Employee does not make a
timely election, options previously granted under the Employee's original
plan will remain in effect and, if appropriate, an incremental grant will
be made under the other stock option plan.

4.   Definitions.  An Employee receiving any option under this Plan is
hereinafter referred to as an "Optionee."  Any reference herein to the
employment of an Optionee with the Company shall include only employment
with the Company.  The fair market value of the Common Stock on any day shall
be the mean between the highest and lowest quoted selling prices of the
Common Stock on such day as reported by the primary national stock exchange
on which such stock is listed.  If no sale shall have been made on that day,
or if the Common Stock is not listed on a national exchange at that time,
fair market value will be determined on the most recent business day on
which the stock was traded, unless otherwise determined by the Committee.

5.   Stock Subject to Options.  Subject to the provisions of paragraph 12,
the number of shares of the Company's Common Stock subject at any one time
to options, plus the number of such shares then outstanding pursuant to
exercises of options, granted under this Plan, shall not exceed 1,250,000
shares.  If, and to the extent the options granted under this Plan terminate
or expire without having been exercised, new options may be granted with
respect to the shares covered by such terminated or expired options;
provided that the granting and terms of such new options shall in all
respects comply with the provisions of this Plan.

     Shares sold or distributed upon the exercise of any option granted
Under this Plan may be shares of the Company's authorized and unissued
Common Stock, shares of the Company's issued Common Stock held in the
Company's treasury, or both.

     There shall be reserved at all times for sale or distribution under
This Plan a number of shares of Common Stock (either authorized and unissued
Shares or shares held in the Company's treasury, or both) equal to the
maximum number of shares which may be purchased or distributed upon the
exercise of options granted under this Plan.

     Exercise of an Option in any manner shall result in a decrease in the
number of shares of Common Stock which may thereafter be available, both for
purposes of this Plan and for sale to any one individual, by the number of
shares as to which the Option is exercised.

6. Expiration and Termination of the Plan.  This Plan will expire on
August 16, 2008.

     No modification, extension, renewal or other change in any option
granted under this Plan shall be made after the grant of such option unless
the same is consistent with the provisions of this Plan.

7.   Exercisability and Duration of Options.

     (a) Exercisability.  Options granted under this Plan shall become
exercisable pursuant to the vesting schedule and requirements set forth in
Exhibit A attached hereto.

     (b) Duration.  The unexercised portion of any option granted under this
Plan shall automatically and without notice terminate and become null and
void at the time of the earliest to occur of the following:

          (1)  August 16, 2008;

          (2) The expiration of three months from the date of termination of
the Optionee's employment with the Company (unless such termination was as
a result of the circumstances set forth in subparagraph (3) below);
provided that if the Optionee shall die during such 3-month period the
provisions of subparagraph (3) below shall apply; or

          (3) The expiration of 12 months from the Optionee's death if such
death occurs during his employment with the Company.

     In the case of subparagraphs (2) and (3) above, the Optionee shall
have the right to exercise any Option prior to such expiration to the extent
it was exercisable at the date of such termination of employment and shall
not have been exercised.

8.   Exercise of Options.

     (a) Procedure.  The options granted herein shall be exercised by the
Optionee (or by the person who acquires such options by will or the laws of
descent and distribution or otherwise by reason of the death of the Optionee)
as to all or part of the shares covered by the option (but in no event less
than 100 shares, unless such exercise is for all remaining shares) by giving
written notice of the exercise thereof (the "Notice") to the Company.  From
time to time the Committee may establish procedures relating to effecting
such exercises.  No fractional shares shall be issued as a result of
exercising an Option.

     (b) Payment.  In the Notice, the Optionee shall elect whether he or she
is to pay for his or her shares in cash or in Common Stock of the Company,
or both.  If payment is to be made in cash, the Optionee shall deliver to
the Company a cashier's check or electronic funds transfer in the amount of
the exercise price on or before the exercise date.  If payment is to be made
in Common Stock, (a) it shall be valued at its fair market value on the date
of such notice, as determined pursuant to Paragraph 4 hereof; (b) such
Common Stock must have been owned by the Optionee for at least six months
prior to the exercise date; and (c) the Notice shall be accompanied by a
certificate for at least the number of shares of Common Stock to be used as
payment.

     (c) Irrevocable Election.  The giving of such written notice to the
Company shall constitute an irrevocable election to purchase the number
Of shares specified in the notice on the date specified in the notice.

     (d)  Withholding Taxes.  To the extent that the exercise of any Option
granted pursuant to this Plan or the disposition of shares of Common Stock
acquired by exercise of an Option results in compensation income to the
Optionee for federal or state income tax purposes, the Optionee shall
deliver to the Company at the time of such exercise or disposition such
amount of money as the Company may require to meet its obligation under
applicable tax laws or regulations, and, if the Optionee fails to do so,
the Company is authorized to (a) withhold delivery of certificates upon
exercise and (b) withhold from remuneration then or thereafter payable to
Optionee any tax required to be withheld by reason of such resulting
compensation income.

     (e) Delivery of Shares.  The Company shall cause shares to be delivered
to the Optionee (or the person exercising the Optionee's options in the
event of death) as soon as practicable after the exercise date.

9. Nontransferability of Options.  No option granted under this Plan or
any right evidenced thereby shall be transferable by the Optionee other
than by will or the laws of descent and distribution.  During the lifetime
of an Optionee, only the Optionee (or his or her guardian or legal
representative) may exercise his or her options.

     In the event of the Optionee's death during his or her employment
with the Company or during the three-month period following the date of
termination of such employment, the Optionee's options shall thereafter be
exercisable, as provided in paragraph 7(b), by his or her executor or
administrator, or by the person who acquires such options by will or the
laws of descent and distribution or otherwise by reason of the death of the
Optionee.

10. Rights of Optionee.  Neither the Optionee nor his or her executors,
administrators, or legal representatives shall have any of the rights of a
shareholder of the Company with respect to the shares subject to an option
granted under this Plan until certificates for such shares shall have been
issued upon the exercise of such option.

11. Right to Terminate Employment.  Nothing in this Plan or in any option
granted under this Plan shall confer upon any Optionee the right to continue
in the employment of the Company or affect the right of the Company or any of
its subsidiaries to terminate the Optionee's employment at any time; subject,
however, to the provisions of the Agreement.

12.  Adjustment Upon Changes in Capitalization, Etc.

     (a) The existence of the Plan and the options granted hereunder shall
not affect in any way the right or power of the Board of Directors or the
shareholders of the Company to make or authorize any adjustment,
recapitalization, reorganization or other change in the Company's capital
structure or its business, any merger or consolidation of the Company, any
issue of debt or equity securities ahead of or affecting Common Stock or
the rights thereof, the dissolution or liquidation of the Company or any
sale, lease, exchange or other disposition of all or any part of its assets
or business or any other corporate act or proceeding.

     (b) The shares with respect to which options may be granted are shares
of Common Stock as presently constituted, but if, and whenever, prior to
the expiration of an option theretofore granted, the Company shall effect a
subdivision or consolidation of shares of Common Stock or the payment of a
stock dividend on Common Stock without receipt of consideration by the
Company, the number of shares of Common Stock with respect to which such
option may thereafter be exercised (i) in the event of an increase in the
number of outstanding shares shall be proportionately increased, and the
purchase price per share shall be proportionately reduced, and (ii) in the
event of a reduction in the number of outstanding shares shall be
proportionately reduced, and the purchase price per share shall be
proportionately increased; likewise, the number of shares to be granted
pursuant to the schedule set forth in Exhibit A shall be appropriately
adjusted.  In the event of any such change in the outstanding Common Stock,
the aggregate number of shares available under the Plan shall be
appropriately adjusted by the Board of Directors of the Company, whose
determination shall be conclusive.

     (c) If the Company recapitalizes or otherwise changes its capital
structure, thereafter upon any exercise of an option theretofore granted
the Optionee shall be entitled to purchase under such option, in lieu of
the number of shares of Common Stock as to which such option shall then be
exercisable, the number and class of shares of stock and securities to which
the Optionee would have been entitled pursuant to the terms of the
recapitalization if, immediately prior to such recapitalization, the
Optionee had been the holder of record of the number of shares of Common
Stock as to which such option is hen exercisable.  If the Company shall not
be the surviving entity in any merger or consolidation (or survives only as
a subsidiary of an entity other than a previously wholly-owned subsidiary of
the Company) or if the Company is to be dissolved or liquidated, then unless
a surviving corporation assumes or substitutes new options for Options then
outstanding hereunder (i) the time at which such Options may be exercised
shall be accelerated and such Options shall become exercisable in full on or
before a date fixed by the Company prior to the effective date of such merger
or consolidation or such dissolution or liquidation, and (ii) upon such
effective date Options shall expire.

     (d) Except as hereinbefore expressly provided, the issuance by the
Company of shares of stock of any class or securities convertible into shares
of stock of any class, property, labor or services, upon direct sale, upon
the exercise of rights or warrants to subscribe therefor, or upon conversion
of shares or obligations of the Company convertible into such shares or other
securities, and in any case whether or not for fair value, shall not affect,
and no adjustment by reason thereof shall be made with respect to, the number
of shares of Common Stock subject to options theretofore granted or to be
granted or the purchase price per share.

13.  Purchase for Investment and Legality.  The Optionee, by acceptance of
any option granted under this Plan, shall represent and warrant to the
Company that the purchase or receipt of shares of Common Stock upon the
exercise thereof shall be for investment and not with a view to distribution,
provided that such representation and warranty shall be inoperative if, in
the opinion of counsel to the Company, a proposed sale or distribution of
such shares is pursuant to an applicable effective registration statement
under the Securities Act of 1933 or is, without such representation and
warranty, exempt from registration under such Act.  The Company shall file a
Registration Statement on Form S-8 pursuant to the Securities Act of 1933,
as amended, covering the shares to be offered pursuant to the Plan and will
use its best efforts to maintain such registration at all times necessary to
permit holders of options to exercise them.

     The obligation of the Company to issue shares upon the exercise of an
option shall also be subject as conditions precedent to compliance with
applicable provisions of the Securities Act of 1933, the Securities Exchange
Act of 1934, state securities laws, rules and regulations under any of the
foregoing and applicable requirements of any securities exchange upon which
the Company's securities shall be listed.

     The Company may endorse an appropriate legend referring to the
Foregoing restrictions upon the certificate or certificates representing any
shares issued or transferred to the Optionee upon the exercise of any option
granted under this Plan.

14. Effective Date of Plan.  This Plan shall become effective on the latter
Of the following to occur: (a) its adoption by the Board of Directors of the
Company and (b) ratification of the Agreement by the IBT membership.

                              EXHIBIT A

Initial Grants

     On the Effective Date of the Agreement, options will be granted to
persons employed as Stock Clerks by the Company according to the following
schedule.  Initial Grants are based on the Stock Clerk's years of service
for pay purposes as of the Effective Date of the Agreement. Options will
vest annually on August 16 of subsequent years.

STOCK OPTION VESTING SCHEDULE

 Year of                                           August 16,
 Service                Effective
  as of       TOTAL   Date of Plan   2001  2001  2003  2004  2005  2006  2007
 Effective    GRANT      Date of
Date of Plan          Ratification

   1st         5,650       550        600   650   700   750   800   800   800
   2nd         5,900       600        650   700   750   800   800   800   800
   3rd         6,100       650        700   750   800   800   800   800   800
   4th         6,250       700        750   800   800   800   800   800   800
   5th         6,350       750        800   800   800   800   800   800   800
Thereafter     6,400       800        800   800   800   800   800   800   800

Subsequent Grants

     On August 16 of each year, commencing August 16, 2001, through August 16,
2007, options will be granted to persons employed as Stock Clerks by the
Company who have completed probation during the previous 12 months (except
those receiving an Initial Grant on November 17, 2000).  Options will vest
annually on the anniversary of the Grant Date as follows:

Grant     STOCK OPTION VESTING SCHEDULE
Date

8/16   8/16/01  8/16/02  8/16/03  8/16/04  8/16/05  8/16/06  8/16/07  TOTAL
                                                                      GRANT

2001     550      600      650      700      750      800      800    4,850
2002       0      550      600      650      700      750      800    4,050
2003       0        0      550      600      650      700      700    3,250
2004       0        0        0      550      600      650      700    2,500
2005       0        0        0        0      550      600      650    1,800
2006       0        0        0        0        0      550      600    1,150
2007       0        0        0        0        0        0      550      550

Vesting Requirements

     Options will vest on the applicable vesting date under the following
circumstances, and no other:

     (a) For Optionees who are Employees of the Company on paid status and
on the Stock Clerk seniority list as of the applicable vesting date; and

     (b) For Optionees who are Employees of the Company on unpaid status and
on the Stock Clerk seniority list as of the applicable vesting date (e.g.,
medical leave, military leave, union leave, maternity leave etc.) who accrue
hours of service during the calendar year prior to the year in which the
vesting date occurs sufficient to qualify for a profitsharing contribution
under the Company's Profitsharing Plan for such calendar year.  By way of
example, if an Optionee is on unpaid medical leave on August 16, 2001, but
during calendar year 2000 accrues sufficient hours of service to qualify for
a profitsharing contribution for 2000, such Optionee's options will vest on
August 16, 2001, as if that Optionee had been on paid status as of August 16,
2001.

Provided, however, that options may vest for former Stock Clerks meeting the
requirements set forth above (except the requirement for being on the
seniority list), plus those set forth in paragraph 3(e) of the Plan.

2000 STOCK CLERKS NON-QUALIFIED STOCK OPTION PLANExhibit 4.1

                        EMC CORPORATION

        EXECUTIVE DEFERRED COMPENSATION RETIREMENT PLAN

               (Adopted Effective January 1, 2001)

                         EMC CORPORATION
         EXECUTIVE DEFERRED COMPENSATION RETIREMENT PLAN
               (Adopted Effective January 1, 2001)

Article 1.     INTRODUCTION

     1.1.      Adoption of Plan.   The EMC Corporation Executive
               -----------------
Deferred Compensation Retirement Plan has been adopted effective
as of January 1, 2001.

     1.2.      Purpose of Plan.  The Company (as defined below)
               ----------------
has adopted the Plan (as defined below) to provide a competitive
level of retirement benefits to certain designated employees of
the Company or any of its Subsidiaries by allowing them to defer
receipt of designated percentages of their Compensation (as
defined below) and to provide, in the sole discretion of the
Company, Company Credits (as defined below).

     1.3.      Status of Plan.  The Plan is intended to be "a
               ---------------
plan which is unfunded and is maintained by an employer primarily
for the purpose of providing deferred compensation for a select
group of management or highly compensated employees" within the
meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA (as
defined below), and shall be interpreted and administered to the
fullest extent possible in a manner consistent with that intent.

Article 2.     DEFINITIONS

     Wherever used herein, the following terms shall have the
meanings set forth below, unless a different meaning is clearly
required by the context:

     2.1. "Account" means, for each Participant, the account
established for his or her benefit under Section 5.1.

     2.2. "Administrator" means initially the Executive
Compensation and Stock Option Committee of the Board (as defined
below) as it may be constituted from time to time, or otherwise
means a committee comprised of such members of the Board or
executive officers of the Company as may be appointed by the
Board or the Company's President or Chief Executive Officer from
time to time.

     2.3. "Board" means the Board of Directors of the Company, as
it may be constituted from time to time.

     2.4. "Change of Control" means the determination by the
Administrator, in its sole discretion, that any of the following
shall have occurred: (a) a reorganization, consolidation or
merger of the Company in which the Company is not the continuing
or surviving corporation or pursuant to which the Company's
common stock, par value $.01 per share (the "Common Stock") is
converted into cash, securities or other property, in either case
other than a reorganization, consolidation or merger of the
Company in which the holders of Common Stock immediately prior to
the reorganization, consolidation or merger hold, directly or
indirectly, at least a majority of the voting stock of the
continuing or surviving corporation immediately after such
reorganization, consolidation or merger; or (b) the sale, lease,
exchange or other transfer (in one transaction or a series of
related transactions) of all, or substantially all, of the assets
of the Company.

     2.5. "Code" means the Internal Revenue Code of 1986, as
amended from time to time.  Reference to any section or
subsection of the Code includes reference to any comparable or
succeeding provisions of any legislation which amends,
supplements or replaces such section or subsection.

     2.6. "Company" means EMC Corporation, a corporation
formed under the laws of The Commonwealth of Massachusetts.

     2.7. "Company Credit" means any credit from the Company
which is received by a Participant under Section 4.2.

     2.8. "Company Credit Subaccount" means the subaccount
within the Participant's Account to which Company Credits and
allocable earnings credits, if any, are credited.

     2.9  "Company Credit Eligible Employee" means an employee of
the Company or any of its Subsidiaries selected by the
Administrator as eligible for Company Credits under Section 4.2
from among the group of highly compensated or managerial
employees of the Company or any of its Subsidiaries.

     2.10. "Compensation" means any cash bonuses payable from
time to time by the Company or any of its Subsidiaries to a
Participant; provided, however, that the Administrator may, in
its sole discretion, amend this Section 2.10 to cover other types
of compensation payable from time to time by the Company or any
of its Subsidiaries to a Participant, including, without
limitation, cash commissions and salary.

     2.11. "Elective Deferral" means the portion of
Compensation which is deferred by a Participant under Section
4.1.

     2.12. "Elective Deferral Subaccount" means the
subaccount within the Participant's Account to which Elective
Deferrals and allocable earnings credits are credited.

     2.13. "Elective Deferral Eligible Employee" means an
employee of the Company or any of its Subsidiaries selected by
the Administrator as eligible for Elective Deferrals under
Section 4.1 from among the group of highly compensated or
managerial employees of the Company or any of its Subsidiaries.

     2.14. "Eligible Employee" means an employee of the
Company or any of its Subsidiaries who is a Company Credit
Eligible Employee, an Elective Deferral Eligible Employee, or
both.

     2.15. "ERISA" means the Employee Retirement Income
Security Act of 1974, as amended from time to time.  Reference to
any section or subsection of ERISA includes reference to any
comparable or succeeding provisions of any legislation which
amends, supplements or replaces such section or subsection.

     2.16. "Participant" means any individual who
participates in the Plan in accordance with Article 3.

     2.17. "Plan" means the EMC Corporation Executive
Deferred Compensation Retirement Plan as set forth herein and all
subsequent amendments hereto.

     2.18. "Plan Year" means in the case of the first Plan
Year, the period beginning January 1, 2001 and ending on December
31, 2001, and thereafter, the 12-month period ending each
December 31.

     2.19. "Retirement" means the voluntary retirement by a
Participant from service with the Company (a) after such
Participant has attained 55 years of age and five years of
service with the Company or (b) after such Participant has
attained twenty years of service with the Company or any of its
Subsidiaries; provided, in each such case, that such Participant
complies with the terms set forth in the Company's form of Key
Employee Agreement (which agreement (i) shall be deemed to apply
to such Participant whether or not such Participant is a party to
a Key Employee Agreement and (ii) is expressly incorporated by
reference herein and made a part of the Plan).

     2.20. "Subsidiary" or "Subsidiaries" means a corporation
or corporations in which the Company owns, directly or
indirectly, stock possessing fifty percent (50%) or more of the
total combined voting power of all classes of stock.

Article 3.     PARTICIPATION

     3.1.      Commencement of Participation.  Any individual who
               ------------------------------
is an Eligible Employee and who has elected to defer part of his
or her Compensation for the Plan Year in accordance with Section
4.1, or who has been selected by the Company in its sole
discretion to receive a Company Credit in accordance with Section
4.2, shall become a Participant on the date such election or
credit is made.

     3.2.      Continued Participation.  Subject to Section 3.3,
               ------------------------
an individual who has become a Participant in the Plan shall
continue to be a Participant so long as any amount remains
credited to his or her Account.

     3.3.      Termination of Participation.  The Administrator
               -----------------------------
may terminate a Participant's participation in the Plan
prospectively or retroactively for any reason, including but not
limited to the Administrator's determination that such
termination is necessary in order to maintain the Plan as a "plan
which is unfunded and is maintained by an employer primarily for
the purpose of providing deferred compensation for a select group
of management or highly compensated employees" within the meaning
of sections 201(2), 301(a)(3) and 401(a)(1) of ERISA.  Upon
termination of a Participant's participation in the Plan, amounts
credited to a Participant's Account, if any, shall be paid to a
Participant in a single lump sum cash payment.

Article 4.     DEFERRALS AND CREDITS

     4.1.      Elective Deferrals.
               -------------------

          (a)       In general.  An Elective Deferral Eligible
     Employee may elect to defer a designated portion of his or
     her Compensation to be earned or payable during a Plan Year, by
     filing a written election with the Administrator prior to the
     first day of the Plan Year in which such Compensation is to be
     earned or by such other date as may be determined by the
     Administrator in its sole discretion.  An individual who
     first becomes an Elective Deferral Eligible Employee on or
     after the first day of any Plan Year may elect to defer a
     designated portion of his or her Compensation to be earned
     during the Plan Year by filing a written election with the
     Administrator by such date as may be determined by the
     Administrator in its sole discretion.

          (b)       Nature of Election.  Each election under this
     Section 4.1 for a Plan Year (or the balance of a Plan Year)
     shall be made on a form prescribed or approved by the
     Administrator, shall be irrevocable by the Participant for
     the applicable Plan Year, and shall apply only to
     Compensation earned after the date the election form is
     completed and filed with the Administrator.  The election
     form shall specify the whole percentage or flat dollar
     amount that is to be deferred for the applicable Plan Year.
     In accordance with Article 6, each Participant shall
     indicate on the election form when the amount that is to be
     deferred for the applicable Plan Year is to be paid (e.g.,
     upon Retirement, upon a fixed distribution date pursuant to
     Section 6.6, or upon a Change of Control) and the method of
     payment (e.g., in a single lump sum payment or in a number
     of annual installments).  The deferred amounts shall be
     credited to the Participant's Elective Deferral Subaccount
     as of the date such Compensation would otherwise have been
     paid to the Participant.

     4.2. Company Credits.  Notwithstanding any other provisions
          ----------------
of the Plan, the Company shall not be obligated to credit a
Company Credit to the Company Credit Subaccount of a Company
Credit Eligible Employee.  The Company may determine from time to
time, in its sole discretion, to credit a Company Credit, in an
amount the Company may determine in its sole discretion, to the
Company Credit Subaccount of a Company Credit Eligible Employee.

Article 5.     ACCOUNTS; INTEREST

     5.1.      Accounts.  The Administrator shall establish an
               ---------
Account for each Participant consisting of an Elective Deferral
Subaccount and Company Credit Subaccount, reflecting Elective
Deferrals and Company Credits, respectively, and any adjustments
hereunder.  As soon as reasonably practical after the end of each
Plan Year, the Administrator shall provide the Participant with a
statement of his or her Account.

     5.2.      Earnings Measurement.  The Administrator shall
               --------------------
identify one or more funds (such as mutual funds or bank
collective funds) from time to time for the purpose of measuring
earnings credits to Participants' Accounts.  Each Participant may
specify which one or more of such funds he or she wishes to be
used as a measuring vehicle for designated percentages of his or
her Account, in such form and manner, and with such notice, as
the Administrator may prescribe, provided that such directions
may be given on a prospective basis only.  Changes in Participant
directions hereunder may be made by a Participant no more than
once every thirty (30) days or at such other times or as
frequently as the Administrator may prescribe.  Each
Participant's Account shall be adjusted from time to time (at
least quarterly) to reflect the fair market value that would be
ascribed to the Account if the amounts credited to the Account
were actually invested in the funds as directed by the
Participant.  For purposes of Company Credits, earnings credits
(if any) shall begin to accrue as of the actual date of
contribution and investment by the Company of such funds into a
grantor trust pursuant to Section 9.1.

     5.3.      Payments.  Each Participant's Account shall be
               --------
reduced by the amount of any payment made to or on behalf of the
Participant under Article 6 as of the date such payment is made.

     5.4.      Vesting.  A Participant will at all times be 100%
               -------
vested in his or her Elective Deferral Subaccount.  A Participant
will earn an interest to be vested in his or her Company Credit
Subaccount according to any vesting schedule(s) adopted by the
Company in its sole discretion; provided, however, that in the
event (a) that a Participant becomes totally and permanently
disabled as determined in the sole discretion of the Company or
(b) of a Change of Control a Participant will become 100% vested
in his or her Company Credit Subaccount.

     5.5       Detrimental Activity.  Notwithstanding any other
               --------------------
provisions of the Plan, in the event that a Participant engages
in "Detrimental Activity" (as defined below) at any time, the
Administrator may in its sole discretion (i) direct the Company
to pay the balance of the Participant's Account in the form of a
single lump sum cash payment; and (ii) cancel, rescind, suspend
or otherwise limit or restrict at any time all amounts, if any,
credited to such Participant's Company Credit subaccount, whether
or not fully vested. Furthermore, in the event that a Participant
engages in Detrimental Activity at any time during the twelve
(12) months after the termination of his or her employment with
the Company or any of its Subsidiaries for any reason, the
Company may require such Participant at any time until the later
of (A) two years after such Participant's termination of
employment for any reason or (B) two years after such Participant
engaged in Detrimental Activity to pay to the Company (1) an amount
equal to any distributions previously made by the Company to such
Participant from such Participant's Company Credit Account and (2),
if the Company commences an action against such Participant (by
way of a claim or counterclaim and including declaratory claims),
in which it is preliminarily or finally determined that such
Participant engaged in Detrimental Activity, an amount equal to the
Company's costs and fees incurred in such action, including but not
limited to, the Company's reasonable attorneys' fees and expenses.
The Company shall be entitled to set off any such amount owed to the
Company against any amounts owed to such Participant by the
Company, including without limitation, any amounts to be
distributed from such Participant's Elective Deferral Subaccount.
For this purpose "Detrimental Activity" means, in the Company's
sole determination, that the Participant has, directly or
indirectly, (a) become associated in any capacity with any
enterprise that is, or may be deemed to be, in competition with
any business of the Company or any of its Subsidiaries, (b)
solicited, induced or attempted to induce, in any enterprise that
is competitive with the Company or any of its Subsidiaries, any
customers or employees of the Company to curtail or discontinue
their relationship with the Company or any of its Subsidiaries,
(c) disclosed, communicated or misused, to the detriment of the
Company or any of its Subsidiaries, any confidential or
proprietary information relating to the Company or any of its
Subsidiaries to any person or entity not associated with the
Company or any of its Subsidiaries, (d) failed to comply with the
terms of the Plan, (e) failed to comply with any term set forth
in the Company's Key Employee Agreement (irrespective of whether
the Participant is a party to the Key Employee Agreement), (f)
engaged in any activity that results in termination of the
Participant's employment for cause, (g) violated any rule,
policy, procedure or guideline of the Company or any of its
Subsidiaries, or (h) been convicted of, or has entered a guilty
plea with respect to, a crime whether or not connected with the
Company or any of its Subsidiaries.

Article 6. - PAYMENTS

     6.1  Payment Upon Retirement.   In the event a Participant's
          -----------------------
employment with the Company or any of its Subsidiaries is
terminated due to the Participant's Retirement, then as soon as
administratively practicable thereafter, payments will be made to
the Participant as follows:

          (a)  With respect to the Participant's Elective
     Deferral Subaccount, unless the Participant elects an
     alternative form of payment as described in Section 6.1(c)
     at least 13 months prior to Retirement, payments to be made
     upon Retirement will be made in a single lump sum cash
     payment.

          (b)  With respect to the vested portion, if any, of the
     Participant's Company Credit Subaccount, unless the
     Participant elects an alternative form of payment as
     described in Section 6.1(c) at least 13 months prior to
     Retirement, payments to be made upon Retirement will be made
     in a single lump sum cash payment.  The unvested portion, if
     any, of the Participant's Company Credit Subaccount shall be
     forfeited automatically upon Retirement.

          (c)  A Participant may elect, at least 13 months prior
     to the Participant's Retirement, to receive the balance to
     the credit of the Participant's Account in payments of five,
     ten or fifteen annual cash installments.  The first
     installment shall be made as soon as administratively
     practicable following Retirement and succeeding installments
     shall be made on the next four anniversaries of the date of
     Retirement (for a total of five installments), on the next
     nine anniversaries of the date of Retirement (for a total of
     ten installments), or on the next fourteen anniversaries of
     the date of Retirement (for a total of fifteen
     installments).  The amount of each installment shall be
     determined by dividing the Participant's applicable Account
     balance (adjusted through the day before the installment is
     paid) by the number of installments remaining.  Any election
     made under this Section 6.1(c) shall be made in writing on a
     form prescribed or approved by the Administrator, and may be
     revoked in writing on a form prescribed or approved by the
     Administrator at any time if such revocation is made at
     least 13 months prior to the Participant's Retirement.

Notwithstanding the foregoing, the Administrator may, in its sole
discretion, at any time after the Participant's Retirement,
direct the Company to pay the balance to the credit of the
Participant's Account in the form of a single lump sum cash
payment.

     6.2  Payment Upon Termination of Employment Due to Disability.
          --------------------------------------------------------
In the event, a Participant's employment with the Company or any
of its Subsidiaries is terminated due to the Participant's
disability as determined by the Administrator in its sole
discretion ("Disability"), then as soon as administratively
practicable thereafter, payments will be made to the Participant
as follows:

          (a)  With respect to the Participant's Elective
     Deferral Subaccount, payments will made at the same time and
     in the same manner as if the Participant's employment had
     terminated due to his or her Retirement.

          (b)  With respect to the vested portion (after any
     acceleration of vesting pursuant to Section 5.4, if
     applicable), if any, of the Participant's Company Credit
     Subaccount, payments will made at the same time and in the
     same manner as if the Participant's employment had
     terminated due to his or her Retirement.  The unvested
     portion, if any, of the Participant's Company Credit
     Subaccount shall be forfeited automatically upon termination
     of the Participant's employment with the Company of any of
     its Subsidiaries due to Disability.

Notwithstanding the foregoing, the Administrator may, in its sole
discretion, at any time after the termination of the
Participant's employment with the Company or any of its
Subsidiaries due to Disability, direct the Company to pay the
balance to the credit of the Participant's Account in the form of
a single lump sum cash payment.

     6.3  Payment Upon Termination of Employment Due to Death.
          ---------------------------------------------------
In the event a Participant's employment with the Company or any of
its Subsidiaries is terminated due to the Participant's death, then
as soon as administratively practicable thereafter, payments will
be made to the Participant's beneficiary or estate, in accordance
with Section 6.3(c), as follows:

          (a)  With respect to the Participant's Elective
     Deferral Subaccount, payments will made at the same time and
     in the same manner as if the Participant's employment had
     terminated due to his or her Retirement.

          (b)  With respect to the vested portion of the
     Participant's Company Credit Subaccount, payments, if any,
     will made at the same time and in the same manner as if the
     Participant's employment had terminated due to his or her
     Retirement.  The unvested portion of the Participant's
     Company Credit Subaccount shall be forfeited automatically
     upon termination of the Participant's employment with the
     Company of any of its Subsidiaries due to death.

          (c)  A Participant shall designate his or her
     beneficiary or beneficiaries who, in the event of the
     Participant's death, shall be entitled to receive the
     balance to the credit of the Participant's Account.  Such
     designation shall be made in writing on a form prescribed or
     approved by the Administrator, and may be revoked in writing
     on a form prescribed or approved by the Administrator at any
     time prior to the Participant's death.  If a Participant
     fails to designate a beneficiary or no designated
     beneficiary survives the Participant, then payments
     hereunder shall be made to the Participant's estate.

Notwithstanding the foregoing, the Administrator may, in its sole
discretion, at any time after the Participant's death, direct the
Company to pay the balance to the credit of the Participant's
Account to the Participant's beneficiary or estate, as the case
may be, in the form of a single lump sum cash payment.

     6.4  Payment Upon Termination of Employment for any Other Reason.
          -----------------------------------------------------------
In the event a Participant's employment with the Company or any
of its Subsidiaries is terminated for any reason other than
Retirement, Disability or death, then as soon as administratively
practicable thereafter, payments will be made to the Participant
as follows:

          (a)  With respect to the Participant's Elective
     Deferral Subaccount, payment will be made in a single lump
     sum cash payment.

          (b)  With respect to the vested portion, if any, of the
     Participant's Company Credit Subaccount, payment will be
     made in a single lump sum cash payment.  The unvested
     portion of the Participant's Company Credit Subaccount shall
     be forfeited automatically upon the termination of the
     Participant's employment with the Company or any of its
     Subsidiaries for any reason other than Retirement,
     Disability or death.

     6.5  Severe Financial Hardship Distribution.  At any time, a
          --------------------------------------
Participant who believes he or she is suffering a severe
financial hardship may apply to the Administrator for a
distribution under the Plan in order to alleviate such hardship.
The Administrator, in its sole discretion (but after taking into
account, among other factors, the nature and foreseeability of
the alleged hardship, the Participant's other resources, and the
effect of making a distribution on the intended tax status of the
deferrals made under the Plan), may direct the Company to pay to
the Participant an amount which it determines is necessary or
appropriate, not to exceed the Participant's Elective Deferral
Subaccount balance, if any, and the Company shall pay such amount
to the Participant in a single lump sum cash distribution.

     6.6  In-Service Distribution.  In connection with his or her
          -----------------------
election to defer Compensation pursuant to Section 4.1, a
Participant may specify a fixed distribution date for the
commencement of payment of his or her Elective Deferral
Subaccount which may be prior to termination of employment, which
shall be payable in a single lump sum cash distribution or in
five annual cash installments commencing on the fixed
distribution date; provided, however, that such fixed
distribution date shall not be earlier than the third anniversary
of the last day of the Plan Year in which such Compensation was
deferred.  Such distribution dates may be extended to later dates
so long as elections to extend are made at least 13 months prior
to the fixed distribution date.  If such distribution is to be
paid in five annual installments, then the first installment
shall be made on the fixed distribution date and succeeding
installments shall be made on the next four anniversaries of the
fixed distribution date (for a total of five installments).  The
amount of each installment shall be determined by dividing the
Participant's applicable Account balance (adjusted through the
day before the installment is paid) by the number of installments
remaining.  Any election made under this Section 6.6 shall be
made in writing on a form prescribed or approved by the
Administrator and may be revoked in writing on a form prescribed
or approved by the Administrator at any time if such revocation
is made at least 13 months prior to the fixed distribution date.

     In the event the Participant's employment with the Company
or any of its Subsidiaries is terminated prior to the fixed
distribution date, then no payments shall be made pursuant to
this Section 6.6 and, instead, the balance to the credit of the
Participant's Elective Deferral Subaccount shall be paid based on
the Participant's termination of employment by reason of
Retirement, Disability, death or otherwise, as the case may be.
In the event the Participant's employment with the Company or any
of its Subsidiaries is terminated by reason of Retirement,
Disability or death after the fixed distribution date has
occurred and the Participant had elected to receive such
distribution under this Section 6.6 in five annual cash
installments, then payments shall be made at the same time and in
the same manner as elected by the Participant under this Section
6.6.  In the event the Participant's employment with the Company
or any of its Subsidiaries is terminated for any reason other
than Retirement, Disability or death after the fixed distribution
date has occurred and the Participant had elected to receive such
distribution under this Section 6.6 in five annual cash
installments, then notwithstanding such election, the remaining
portion of the distribution shall be made in a single lump sum
cash payment to the Participant as soon as administratively
practicable after the Participant's employment with the Company
or any of its Subsidiaries is terminated for any reason other
than Retirement, Disability or death.  Notwithstanding the
foregoing, the Administrator may, in its sole discretion, at any
time after the termination of the Participant's employment for
any reason, direct the Company to pay the balance to the credit
of the Participant's Account in the form of a single lump sum
cash payment.

     6.7       Immediate Distribution.   At any time, a
               ----------------------
Participant may elect to have all or any portion of the balance
to the credit of the Participant's Elective Deferral Subaccount
distributed in a single lump sum cash distribution.  Such
distribution shall be made as soon as administratively
practicable following the Administrator's receipt of the
Participant's election. Any election made under this Section 6.7
shall be made in writing on a form prescribed or approved by the
Administrator.  The actual amount to be distributed to the
Participant hereunder shall equal ninety percent (90%) of the
elected distribution amount and the remaining ten percent (10%)
of the elected distribution amount shall be forfeited to the
Company.  The Participant shall not be eligible to make any
elective deferrals into the Plan at any time during the twelve
month period immediately following the date of such distribution.

     6.8  Payment Upon a Change of Control.  In connection with
          --------------------------------
his or her election to defer Compensation pursuant to Section
4.1, a Participant may elect to receive the balance to the credit
of the Participant's Account in a single lump sum cash payment
upon a Change of Control.  Any election made under this Section
6.8 shall be made in writing on a form prescribed or approved by
the Administrator and may be revoked in writing on a form
prescribed or approved by the Administrator at any time if such
revocation is made at least 13 months prior to the Change of
Control.

Article 7.     ADMINISTRATOR

     7.1. Plan Administration and Interpretation.  The Administrator
          --------------------------------------
shall oversee the administration of the Plan.  The Administrator
shall have complete discretionary control and authority to
administer all aspects of the Plan and to determine the rights
and benefits and all claims, demands and actions arising out of
the provisions of the Plan of any Participant, beneficiary,
deceased Participant, or any other person having or claiming to
have any interest under the Plan.  The Administrator shall have
the exclusive discretionary power to interpret the Plan and to
decide all matters under the Plan.  The Administrator also shall
have the exclusive discretionary power to adopt, amend and
rescind rules and guidelines for the administration of the Plan
and for its own acts and proceedings.  Such interpretation and
decision shall be final, conclusive and binding on all
Participants and any person claiming under or through any
Participant, in the absence of clear and convincing evidence that
the Administrator acted arbitrarily and capriciously.  Any
individual serving as Administrator, or on a committee acting as
Administrator, who is a Participant, shall not vote or act on any
matter relating solely to himself or herself.  When making a
determination or calculation, the Administrator shall be entitled
to conclusively rely on information furnished by a Participant, a
beneficiary, or any other person or entity.  The Administrator
shall be deemed to be the Plan administrator with responsibility
for complying with any reporting and disclosure requirements of
ERISA.

     The Administrator may employ such counsel, agents and
advisers, and obtain such administrative, clerical and other
services, as it may deem necessary or appropriate in carrying out
the provisions of the Plan and its duties hereunder.

     7.2.      Claims Procedure.
               ----------------

          (a)  In general.  If any person believes he or she has
     been denied any rights or benefits under the Plan, such
     person may file a claim in writing with the Administrator.
     If any such claim is wholly or partially denied, the
     Administrator will notify such person of its decision in
     writing.  Such notification will be given within 90 days
     after the claim is received by the Administrator (or within
     180 days, if special circumstances require an extension of
     time for processing the claim, and if written notice of such
     extension and circumstances is given to such person within
     the initial 90 day period).  Notwithstanding the foregoing,
     if such notification is not given within such 90 or 180 day
     period, the claim will be considered denied as of the last
     day of such period and such person may request a review of
     his or her claim in accordance with Section 7.2(b).

          (b)  Appeals.  Within 60 days after the date on which a
     person receives a written notice of a denied claim (or, if
     applicable, within 60 days after the date on which such
     denial is considered to have occurred) such person (or his
     or her duly authorized representative) may file a written
     request with the Administrator for a review of his or her
     denied claim.  The Administrator will notify such person of
     its decision on review in writing.  The decision on review
     will be made within 60 days after the request for review is
     received by the Administrator (or within 120 days, if
     special circumstances require an extension of time for
     processing the request, such as an election by the
     Administrator to hold a hearing, and if written notice of
     such extension and circumstances is given to such person
     within the initial 60 day period). Notwithstanding the
     foregoing, if the decision on review is not made within such
     60 or 120 day period, the claim will be considered denied.

          The Administrator may, in its sole discretion amend or
     revise this Section 7.2, provided, that the claims procedure
     for the Plan pursuant to which persons may claim an interest
     in the Plan and appeal denials of such claims, as amended or
     changed, shall meet the minimum standards of Section 503 of
     ERISA.

     7.3.      Indemnification of Administrator.  The Company
               --------------------------------
shall indemnify and defend to the fullest extent permitted by law
any director, officer or employee of the Company or its
Subsidiaries who serves as the Administrator or as a member of a
committee appointed to serve as Administrator, or who assists the
Administrator in carrying out its duties (including any such
individual who formerly served in any such capacity) against any
and all liabilities, damages, costs and expenses (including
attorneys' fees and amounts paid in settlement of any claims
approved in writing by the Company) arising out of or relating to
any act or omission to act in connection with the Plan, if such
act or omission is in good faith.

Article 8.     AMENDMENT, TERMINATION AND ASSIGNMENT

     8.1.      Amendments.  Prior to a Change of Control, the
               ----------
Company shall have the right to amend the Plan from time to time,
subject to Section 8.3, by an instrument in writing which has
been executed on its behalf by the Administrator or by vote of
the Board.  No amendment to the Plan with respect to any
Participant may be made after a Change of Control without the
written consent of such Participant (or beneficiary, if
applicable).

     8.2.  Termination of Plan.   The Company currently
           -------------------
intends to continue the Plan indefinitely.  However, the Plan is
voluntary on the part of the Company and the Company expressly
reserves the right to terminate the Plan at any time, subject to
Section 8.3, for any reason whatsoever.  Subject to Section 8.1,
the Company from time to time may, by amendment to the Plan,
suspend the Plan or discontinue provisions thereof.  The Company
may terminate the Plan at any time by an instrument in writing
which has been executed on its behalf by the Administrator or by
vote of the Board.

     8.3. Existing Rights.  No amendment or termination of the Plan
          ---------------
shall adversely affect the rights of any Participant with respect
to amounts credited to his or her Account as of the date of such
amendment or termination (subject to future adjustments as a
result of investment measurements).

     8.4. Assignment.  The rights and obligations of the
          ----------
Company shall inure to the benefit of and shall be binding upon
its successors and assigns.

Article 9. - MISCELLANEOUS

     9.1.      Grantor Trust.  The Company may establish a trust
               -------------
of which the Company is treated as the owner under Subpart E of
Subchapter J, Chapter 1 of the Code (a "grantor trust"), and may
deposit with the trustee of the grantor trust an amount of cash
or marketable securities sufficient to cause the fair market
value of the assets held in the grantor trust to be not less than
the sum of the Account balances under the Plan.  Notwithstanding
the foregoing, nothing in this Plan will be construed to create a
trust or to obligate the Company, any of its Subsidiaries or any
other person or entity to segregate a fund, purchase an insurance
contract, or in any other way currently to fund the future
payment of any distributions or payments hereunder, nor will
anything herein be construed to give any employee or any other
person any right to any specific assets of the Company, any of
its Subsidiaries or of any other person or entity.  Any
distributions or payments which become payable hereunder that are
not paid out of the grantor trust shall be paid from the general
assets of the Company.

     9.2.      Nature of Claim for Payment.  Each Participant and
               ---------------------------
beneficiary will be an unsecured general creditor of the Company
with respect to any distributions or payments to be made under
the Plan.  Nothing in the Plan will be construed to give any
person any right to any specific assets of the Company, any of
its Subsidiaries or any other person or entity.

     9.3.      Nonalienation of Benefits.  No Participant,
               -------------------------
beneficiary or any other person having any interest under the
Plan shall alienate, anticipate, commute, pledge, encumber,
assign or otherwise transfer ("Alienate") any right or interest
under the Plan, including, without limitation, with respect to
rights to or interests in any payments, distributions, claims or
other benefits which he or she may expect to receive,
contingently or otherwise, under this Plan ("Rights").  Any
attempt to Alienate any Right shall be ineffective.  No Right
shall be subject to any claim of, subject to attachment,
execution, garnishment or other legal process by, any creditor of
such Participant, beneficiary or other person.

     9.4.      Employment Rights.  Neither the adoption or the
               -----------------
establishment and maintenance of the Plan, the participation in
the Plan nor any action of the Company, any Subsidiary or the
Administrator, shall be held or construed to confer upon any
employee of the Company or any of its Subsidiaries any right to
continued employment with the Company or any of its Subsidiaries,
as the case may be, nor does it interfere in any way with the
right of the Company or any of its Subsidiaries to terminate the
employment of any of its employees at any time.  Each of the
Company and its Subsidiaries expressly reserves the right to
terminate or discharge any of its employees at any time.

     9.5.      Receipt and Release.  Any payment or distribution
               -------------------
to any Participant or beneficiary in accordance with the
provisions of the Plan shall be, to the extent thereof, in full
satisfaction of all claims against the Company, its Subsidiaries
and the Administrator under the Plan, and the Administrator may
require such Participant or beneficiary, as a condition precedent
to such payment, to execute a receipt and release to such effect.
If any Participant or beneficiary is determined by the
Administrator to be incompetent by reason of physical or mental
disability (including minority) to give a valid receipt and
release, the Administrator may cause the payment or payments
becoming due to such person to be made to another person for his
or her benefit without responsibility on the part of the
Administrator or the Company to follow the application of such
funds.

     9.6.      Severability of Provision.   If any provision of
               -------------------------
the Plan shall be held by a court of competent jurisdiction to be
invalid or unenforceable, such invalidity or unenforceability
shall not affect any other provisions hereof, and the Plan shall
be construed and enforced to the fullest extent possible as if
such provision had not been included.

     9.7.      Government Regulations.  It is intended that the
               ----------------------
Plan comply with all applicable laws and government regulations.
Neither the Company, any of its Subsidiaries, nor the
Administrator shall not be obligated to perform any obligation
hereunder in any case where, in the opinion of the Company's
counsel, such performance would result in the violation of any
law or regulation.

     9.8.      Governing Law; Jurisdiction.  This Plan shall be
               ---------------------------
construed, administered, and governed in all respects under and
by the laws of The Commonwealth of Massachusetts without regard
to the conflict of law provisions thereof. The Company, the
Administrator, the Participants and their beneficiaries, and any
persons having or claiming to have any interest under the Plan
submit to the exclusive jurisdiction and venue of the federal or
state courts of The Commonwealth of Massachusetts, County of
Middlesex, to resolve any and all issues that may arise out of or
relate to the Plan or the same subject matter.

    9.9      Headings and Subheadings.  Headings and subheadings in
             ------------------------
this Plan are inserted for convenience only and are not to be
considered in the construction of the provisions hereof.

     9.10   Expenses and Taxes.  Expenses, including fees and expenses
            ------------------
associated with the grantor trust, associated with the
administration or operation of the Plan shall be paid by the
Company from its general assets unless, in the sole discretion of
the Administrator, the Administrator elects to charge such
expenses against the appropriate Participant's Account or
Participants' Accounts.  Any taxes allocable to an Account (or
subaccount or portion thereof) maintained under the Plan which
are payable prior to the distribution of the Account (or
subaccount or portion thereof), as determined by the
Administrator in its sole discretion, shall be charged against
the appropriate Participant's Account or Participants' Accounts.

     IN WITNESS WHEREOF, the Company has caused the Plan to be
executed by its duly authorized officer this 1st day of January,
2001.

                         EMC CORPORATION

                         By: ____________________________
                         Name: Richard J. Egan
                         Title: Chairman of the Board

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