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EXHIBIT 10(C)(8)

                              LAWSON PRODUCTS, INC.
                             STOCK PERFORMANCE PLAN
                             ----------------------

         1. PURPOSE. The purpose of the Lawson Products,  Inc. Stock Performance
Plan (the "Plan") is to attract and retain  outstanding  individuals as officers
and key  employees  of Lawson  Products,  Inc.  (the  "Company")  and to furnish
performance-based  incentives  to such  persons by  providing  opportunities  to
participate  in the  growth in value of the  Company  on  advantageous  terms as
herein provided.  No shares of Lawson Common Stock will be issued under the Plan
but  participants  will be able to  receive  the gain in value of Lawson  Common
Stock, in cash.

         2.  ADMINISTRATION.  The Plan shall be administered by the Compensation
Committee  of the Board of  Directors  of the  Company  (the  "Committee").  The
Committee  shall  interpret  the Plan,  prescribe,  amend and rescind  rules and
regulations  relating  thereto and make all other  determinations  necessary  or
advisable for the administration of the Plan. Any interpretation or construction
by the  Committee  of any  provision of the Plan or any award  granted  under it
shall be final.  No member of the  Committee  shall be liable  for any action or
determination  made in good faith with respect to the Plan or any award  granted
under it.

         3.  PARTICIPANTS.  Participants  in the Plan will  consist  of such key
management  employees of the Company as the Committee in its sole discretion may
designate  from  time to time  to  receive  awards  hereunder.  The  Committee's
designation  of a  participant  in any year shall not require the  Committee  to
designate such person to receive an award in any other year. Nothing in the Plan
or any  award  under it  shall  limit in any way the  right  of the  Company  to
terminate any participant's  employment at any time nor confer upon any employee
any right to continue in the employ of the Company for any period of time.

         4.  AWARDS.  All awards  under the Plan shall be granted in the form of
stock performance rights, in accordance with the following terms:

          (a) The Committee shall determine the number of shares of Common Stock
     subject  to each  stock  performance  right,  the term of each  right,  and
     subject  to the  following,  any  other  terms  and  conditions  applicable
     thereto.

          (b) Each stock  performance  right will entitle the holder to elect to
     receive the  appreciation  in the fair market  value of the shares  subject
     thereto up to the date the right is exercised.  Such

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     appreciation  shall be measured from the initial  value established  by the
     Committee which shall be not less than the fair market  value of the Common
     Stock of the Company on the date the right is granted.

          (c) The fair market value of the  Company's  Common Stock shall be the
     closing  price of a share of Lawson  Common Stock on the relevant  date, as
     reported  on  NASDAQ or any  exchange  on which  the  Common  Stock is then
     listed.

          (d) Each stock  performance  right will be exercisable at the time and
     to the extent established by the Committee at the time of grant. Payment of
     the  appreciation  shall be made in cash as soon as  practicable  following
     exercise.

          (e) The terms of each award shall  indicate  what rights,  if any, the
     participant  or his  estate  shall  have in such  award in the event of the
     death,  total  permanent  disability,  retirement or other  termination  of
     employment of the participant.

          (f) In the event of a change of control, as hereinafter  defined,  all
     of the rights then outstanding  under the Plan shall be deemed fully vested
     and exercised on the date of the transaction and the appreciation  shall be
     paid as soon as possible to the holders thereof.

          (g) A "change  of  control"  shall be deemed to have  occurred  on the
     first date on which either:  (i) any "person" is or becomes the  beneficial
     owner (as defined in Rule 13d-3 under the  Securities  Exchange Act of 1934
     (the "Exchange Act")),  directly or indirectly of securities of the Company
     representing  at least thirty (30) percent of the combined  voting power of
     the  Company's  then  outstanding  securities,  or (ii) a  majority  of the
     individuals  comprising the Company's Board of Directors are not Continuing
     Directors,  or (iii) the Company is involved in any merger,  consolidation,
     share exchange or any other transaction if, after the consummation thereof,
     the  holders of the voting  securities  of the  Company  immediately  prior
     thereto do not own at least a majority of the combined  voting power of the
     surviving or resulting corporation, or (iv) all or substantially all of the
     assets of the Company are sold or  otherwise  transferred,  or (v) a change
     occurs of a nature  that would be  required  to be  reported in response to
     Item 6(e) of Schedule 14A of Regulation 14A, promulgated under the Exchange
     Act, or any other successor disclosure item.

          (h) A "person" means a person, (as such term is used in Sections 13(d)
     and 14(d) of the Exchange Act) but excluding  Sidney L. Port, the estate of
     Bettie Port, their descendants,  their spouses,

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     and  trusts,  partnerships or other  entities for  the benefit of  any such
     persons, or in which any such persons have a controlling interest.

          (i) A "Continuing  Director"  means an individual  who was a member of
     the Board of Directors of the Company  immediately prior to the transaction
     or election or other event which resulted in a Change of Control or who was
     designated  (before his initial election or appointment as a director) as a
     Continuing  Director by a majority of the whole Board of Directors but only
     if the  majority  of  the  whole  Board  of  Directors  then  consisted  of
     Continuing  Directors  or, if a majority  of the whole  Board of  Directors
     shall not then consist of Continuing  Directors,  by a majority of the then
     Continuing Directors.

         5.  NONTRANSFERABILITY.  All stock performance rights granted under the
Plan shall not be  transferable  other  than by will or the laws of descent  and
distribution and shall be exercisable during the participant's  lifetime only by
the participant or the participant's guardian or legal representative.

         6. OTHER PROVISIONS. The grant of any stock performance right under the
Plan may also be subject to other  provisions  (whether or not applicable to the
rights awarded to any other participant)  including  conditions precedent to the
right to exercise,  as the  Committee  determines  appropriate,  including  such
provisions  as may be required to comply with federal or state  securities  laws
and stock  exchange  requirements  and  understandings  or  conditions as to the
participant's employment.

         7. ADJUSTMENT PROVISIONS.

          (a) If the  Company  shall at any time  change the number of shares of
     Common  Stock  outstanding  without new  consideration  to the  Company,  a
     corresponding  increase  shall be made in the  number of shares  covered by
     each outstanding right and a decrease shall be made in the initial value of
     each right so that the aggregate net benefit to the  participant  shall not
     be changed.  If the Company shall at any time decrease the number of shares
     of Common Stock outstanding without any distribution to its stockholders, a
     corresponding  decrease  shall be made in the  number of shares  covered by
     each  outstanding  right and an increase shall be made in the initial value
     of each right so that the  aggregate net benefit to the  participant  shall
     not be changed.

          (b) In the event of a reorganization, recapitalization or other change
     in the  shares  of Common  Stock  outstanding,  the  Committee  shall  make
     whatever  changes in the Plan and in any rights then  outstanding  it deems
     necessary or appropriate.

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         8. TAXES.  The Company  shall be entitled to withhold the amount of any
tax  attributable  to the  exercise  of any  right  under the Plan and may defer
making  payment or delivery as to any exercise if any such tax is payable  until
indemnified to its satisfaction.

         9. TERM OF PROGRAM;  AMENDMENT OR  CANCELLATION  OF BENEFITS.  The Plan
shall continue in effect until  terminated by the Committee  pursuant to Section
10. The terms and conditions  applicable to any rights granted  hereunder may at
any time be amended or cancelled by mutual  agreement  between the Committee and
the participant or any other person as may then have an interest therein and may
be unilaterally  modified by the Committee  whenever such modification is deemed
necessary to protect the Company.

         10.  AMENDMENT OR  DISCONTINUATION  OF PLAN.  The  Committee may amend,
suspend or discontinue  the Plan at any time;  provided,  however,  that no such
action shall adversely affect any outstanding stock performance right.Exhibit 10.1

           BONUS PLAN OF DIRECTORS OF PEOPLES STATE BANK

     Directors of the Bank are eligible to receive an annual bonus in a

 maximum amount of $4,800.  The maximum bonus is reduced by $400 for each

 meeting of the Board not attended after the first absence.Exhibit 10.2

  NON-QUALIFIED RETIREMENT PLAN FOR DIRECTORS OF PEOPLES STATE BANK

 (As adopted May 18, 1981 and amended and terminated as of December 31,
 2000 as to any Bank director who did not have at least 15 years of service
 as a director on December 31, 2000)

     RESOLVED, that any and all directors who have served the Bank for

 fifteen (15) years or more shall, upon his or her retirement as a

 director, be paid a retirement payment quarterly of a sum equal to one-

 twentieth of 50% of his/her total earnings from the Bank during the five

 years immediately preceding his or her retirement as such director, such

 quarterly payment to be made for a period of five (5) years following his

 or her retirement; however, in the event of the death of such director

 prior to the expiration of said five (5) year period, the balance of said

 payments shall be paid either in one lump sum, or in payments to his or

 her estate, at the discretion of the Board of Directors; And, if any

 director who has served for more than fifteen (15) years shall die while

 serving as a director, then said pension payments shall be paid to his or

 her estate either in one lump sum or in payments, at the discretion of the

 Board of Directors.  Upon resignation by any of the original Board of

 Directors of said Bank, the status of "Director Emeritus" is hereby

 conferred upon said retiring director, and said Director Emeritus shall be

 entitled to attend all directors meetings thereafter, without vote, and

 without compensation for said attendance.

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