Document:

<PAGE>
                                                                    EXHIBIT 10.1

                                  Manpower Inc.
                            5301 North Ironwood Road
                           Milwaukee, Wisconsin 53217

                                 March 27, 2002

Mr. Terry A. Hueneke:

         This letter will confirm our agreement with respect to the termination
of your full-time employment with Manpower Inc. (the "Corporation") and your
continuing consulting relationship with the Corporation. We have agreed as
follows:

         1.       Termination of Full-Time Employment. Your employment with the
Corporation continued through February 28, 2002 (the "Effective Date") on a
full-time basis, at which time you terminated your full-time employment.

         2.       Consulting Services.

                  (a) Services. Beginning March 1, 2002, and continuing through
         February 28, 2003 or the later Extended Term Expiration Date (as
         defined below), if any, unless earlier terminated under Section 13
         hereof (the "Consulting Period"), and subject to the limitations set
         forth herein, you shall act as a consultant and advisor to the
         Corporation in the capacity of a part-time employee and shall render
         such advice and assistance respecting the affairs and activities of the
         Corporation and its direct or indirect subsidiaries (collectively, the
         "Manpower Group") as any Senior Vice President of the Corporation, or
         other officer of equal or higher rank, may from time to time reasonably
         request, including the following:

                      (i) Transition Assistance to Successor Manager of North
                  America and Canada (Ms. Barbara Beck), including:

                          (A) Provide orientation training and assistance to
                      such successor during the first sixty (60) days of her
                      employment; and

                          (B) Assist in transition of management of the
                      operations of the Manpower Group in the United States and
                      Canada to such successor.

<PAGE>
                      (ii) Assistance relating to Manpower Group Operations in
                  Central and South America, Japan, Australia and Asia,
                  including:

                           (A) Have continuing management responsibility for
                      operations of the Manpower Group in each of these areas
                      until a successor manager for such operations assumes such
                      responsibility;

                           (B) Provide assistance in the search for one or more
                      successor manager(s) for such operations; and

                           (C) Provide assistance in transition of management of
                      the operations of the Manpower Group in each of the areas
                      to the successor manager designated and retained by the
                      Corporation for such area.

                  The expectation is that a successor(s) will be designated no
                  later than July 31, 2002, and that the transition process will
                  be completed no later than September 30, 2002.

         During the Consulting Period, you may engage in other activities,
         subject to your commitments and the restrictions set forth in this
         letter agreement. It is anticipated that you will generally not be
         required to work more than 30 hours per week nor more than 4 business
         days per week on average. At the end of the Consulting Period, your
         employment will terminate.

                  (b) Consulting Period. The Corporation shall have the right,
         which may be exercised by notice to you prior to the expiration of the
         initial term or the first extended term, as the case may be, of your
         part-time employment, to extend the term of your part-time employment
         to August 31, 2003 and then, if so extended, again to February 28, 2004
         (the latest date to which your part-time employment is so extended
         being the "Extended Term Expiration Date").

         3. Certain 2002 Compensation. In connection with the termination
of your full-time employment with the Corporation on the Effective Date, the
Corporation will provide you with the following compensation and benefits:

                  (a) Salary. The Corporation will pay you your full base salary
         through the Effective Date at the rate now in effect.

                  (b) Incentive Bonus. The Corporation also will pay you as an
         incentive bonus for 2002 an amount equal to the product of (i) the
         incentive bonus which would have been payable to you determined
         applying the Incentive Bonus Formula specified in your
         Employment-Related Agreement based on the Operating Unit Profits for
         the fiscal year 2002 of the operating units listed on Exhibit A
         attached (instead of those specified in such formula) as if, for such
         purpose, your full-time employment with the Corporation had not
         terminated pursuant to this letter agreement and (ii) a fraction the
         numerator of which is 59, and the denominator of which is 365. Your
         incentive bonus for 2002 will be payable no later than on March 15,
         2003. For purposes hereof, your "Employment-

                                       2
<PAGE>
         Related Agreement" means that letter agreement dated September 18,
         1997, and that letter agreement dated February 23, 1998, each between
         the Corporation and you.

                  (c) Severance. The Corporation will make a lump sum severance
         payment to you no later than on April 1, 2002, calculated as follows:

<TABLE>
<S>                                                                            <C>
                       (i)   Twice amount of base salary                       $  700,000

                       (ii)  Highest bonus paid in last 5 years (1997 bonus)      820,234
                                                                               ----------

                             Total                                             $1,520,234
                                                                               ==========
</TABLE>

         4. Compensation for Consulting. In consideration of the
consulting services to be performed by you pursuant hereto, and the
noncompetition agreement and your other obligations set forth herein, the
Corporation will pay you, during the period of March 1, 2002 through February
28, 2003, a salary (the "Consulting Fee") at the rate of $250,000 per year. The
Consulting Fee shall be payable according to the standard payroll practices of
the Corporation. In addition, you will be considered for a bonus, to be
determined at the discretion of the Chief Executive Officer of the Corporation,
attributable to your continuing management responsibility during such period for
operations in Central and South America, Japan, Australia and Asia. Any such
bonus will take into account the Incentive Bonus Formula specified in your
Employment-Related Agreement applied to the Operating Unit Profit of such
operations for which, during such period you continue to have management
responsibility. If the Corporation exercises its right to extend the period of
your part-time employment pursuant to Subsection 2(b) hereof, the compensation
to be paid to you during any such extended period will be determined by mutual
agreement.

         5. Expense Reimbursement. The Corporation shall reimburse you for
any expenses incurred by you in the course of performing consulting services
requested by the Corporation during the Consulting Period to the extent that
such expenses are not otherwise paid or discharged by a third party, subject to
your compliance with the guidelines or rules of the Corporation concerning
expense reimbursement.

         6. Benefits.

                  (a) Insurance. You will continue to be covered under the
         Corporation's medical, dental, life, disability and other welfare
         benefit plans during the Consulting Period. Following the end of the
         Consulting Period, you will be treated as a grandfathered retiree under
         the Corporation's medical insurance and dental insurance plans and you
         will be eligible to continue participation in such plans on that basis
         in accordance with their terms from time to time in effect (including
         subject to the continuation of coverage for retirees); provided,
         however, that for the first eighteen months following the end of the
         Consulting Period, the Corporation shall bear the entire cost of such
         coverage.

                  (b) Deferred Stock Plan. The shares of the Corporation's
         common stock to which you are entitled under the Deferred Stock Plan of
         the Corporation will be distributed to you, in accordance with the
         terms of the Plan, on January 2 of the year

                                       3
<PAGE>
         following the year in which your employment with the Corporation is
         completely terminated.

                  (c) Company Car. Until April 30, 2004, the Corporation shall
         continue to provide you with the use of the automobile that it provided
         to you as of the Effective Date on the same terms and conditions as
         then so provided. You shall have the right to purchase such automobile
         at April 30, 2004 and otherwise upon the terms and conditions of
         Paragraph 2(d) of the February 23, 1998 letter agreement included in
         your Employment-Related Agreement, which terms and conditions are
         hereby incorporated herein.

                  (d) Other. Except as otherwise provided in this letter
         agreement and except for any accrued benefits under company plans and
         any employee benefits provided by law, you shall not receive on or
         after the Effective Date any employee benefits or perquisites from the
         Corporation.

         7.       Retirement Plan; Deferred Compensation Plan. Payment of your
retirement benefits under the Manpower, Inc. Retirement Plan and the Manpower,
Inc. Deferred Compensation Plan, payable in the forms provided by such plans,
will begin at the time of your complete termination of employment, as provided
in those plans. You will have the right to continue your participation in such
plans until the end of the Consulting Period. In consideration of your agreement
to continue employment hereunder and the detrimental effect of such continued
employment upon your retirement benefits under such plans, the Corporation shall
pay you the amount of $13,255 in a lump sum promptly after February 28, 2003,
and in the event that your employment hereunder is extended beyond February 28,
2003, the Corporation shall make such similar supplemental payment as the
Corporation and you then may agree upon.

         8.       Nonqualified Savings Plan. You will have a right to continue
your participation in the Manpower Inc. Nonqualified Savings Plan in accordance
with its terms until the end of the Consulting Period. Payment to you of your
accrued balance under such plan (in a lump sum or in installments based on the
election you have in place) will be made, or will begin, at the time of your
complete termination of employment, all as provided in the plan.

         9.       Stock Options. The Corporation confirms the following with
respect to the options you hold to purchase shares of the Corporation's Common
Stock under the 1991 Executive Stock Option and Restricted Stock Plan, as
amended (the "1991 Plan"), the Nonstatutory Stock Option Agreement thereunder
executed as of December 30, 1993, the 1994 Executive Stock Option and Restricted
Stock Plan and the three separate Nonstatutory Stock Option Agreements
thereunder executed as of February 22, 1999, April 26, 1999 and July 20, 1999,
respectively (the "Grant Documents"):

                  (a) Deemed Early Retirement. Your employment will not be
         considered to have terminated for purposes of determining your rights
         with respect to such options until the complete termination of your
         employment and, for purposes of determining the period of time for
         exercise of such options to the extent such options are or become
         exercisable upon your complete termination of employment, you will be
         deemed to have terminated "due to early retirement with the consent of
         the Committee."

                                       4
<PAGE>
                  (b) Acceleration of Vesting. To the extent such options do not
         or have not become exercisable in accordance with the Grant Documents
         and do not or have not lapsed in accordance with the Grant Documents
         because of a termination for "Cause" (as defined therein) or your
         earlier voluntary termination, they will become fully vested and
         exercisable at the end of the Consulting Period provided you have
         substantially performed and complied with your obligations under this
         letter agreement. We agree that the arrangements set out in this letter
         agreement will not give you a basis to terminate your employment for
         "Good Reason" under any of the Grant Documents.

         10.      Noncompetition Agreement.  During the Consulting Period, you
will not directly or indirectly assist any competitor of the Manpower Group in
any capacity. In addition, you will not at any time during the two-year period
following the termination of the Consulting Period, either directly or
indirectly:

                  (a) Contact any customer or prospective customer of the
         Manpower Group with whom you have had contact on behalf of the Manpower
         Group during the two-year period preceding the date of such termination
         or any customer or prospective customer about whom you obtained
         Confidential Information (as defined below) in connection with your
         employment by the Manpower Group during such two-year period so as to
         cause or attempt to cause such customer or prospective customer of the
         Manpower Group not to do business or to reduce such customer's business
         with the Manpower Group or divert any business from the Manpower Group.

                  (b) Provide services or assistance of a nature similar to the
         services provided to the Manpower Group during the term of your
         full-time and/or part-time employment with the Manpower Group to any
         entity engaged in the business of providing temporary staffing services
         anywhere in the United States or any other country in which the
         Manpower Group conducts business as of the date when the Consulting
         Period terminates which has, together with its affiliated entities,
         annual revenues from such business in excess of US $500,000,000. You
         acknowledge that the scope of this limitation is reasonable in that,
         among other things, providing any such services or assistance during
         such two-year period would permit you to use unfairly your close
         identification with the Manpower Group and the customer contacts you
         developed while employed by the Manpower Group and would involve the
         use or disclosure of Confidential Information pertaining to the
         Manpower Group.

         11.      Nondisclosure and Nonsolicitation Agreement.  You will not,
directly or indirectly, at any time during the Consulting Period or during the
two-year period following the termination of the Consulting Period:

                  (a) Use for yourself or others, or disclose to others, any
         Confidential Information, whether or not conceived, developed, or
         perfected by you and no matter how it became known to you, unless (i)
         you first secure written consent of the Corporation to such disclosure
         or use, (ii) the same shall have lawfully become a matter of public
         knowledge other than by your act or omission, or (iii) you are ordered
         to disclose the same by a court of competent jurisdiction or are
         otherwise required to

                                       5
<PAGE>
         disclose the same by law, and you promptly notify the Corporation of
         such disclosure. "Confidential Information" shall mean all business
         information (whether or not in written form) which relates to the
         Manpower Group and which is not known to the public generally (absent
         your disclosure), including but not limited to confidential knowledge,
         operating instructions, training materials and systems, customer lists,
         sales records and documents, marketing and sales strategies and plans,
         market surveys, cost and profitability analyses, pricing information,
         competitive strategies, personnel-related information and supplier
         lists. This obligation will not be construed to in any way limit the
         Manpower Group's rights to protect confidential information which
         constitute trade secrets under applicable trade secrets law during the
         Consulting Period , the two-year period stated above or even after such
         two-year period. You agree that upon the termination of the Consulting
         Period, you will promptly surrender to the Corporation any documents,
         materials, or computer on electronic records containing any
         Confidential Information which are in your possession or under your
         control.

                  (b) Induce, solicit, entice or procure any person now employed
         or hereafter employed, during the term of your full-time and/or
         part-time employment with the Manpower Group, by any company within the
         Manpower Group to leave such employment so as to accept employment
         elsewhere, unless such person shall have ceased to be an employee
         thereof not less than three months prior to any such inducement,
         solicitation, enticement or procurement.

         12.      Injunction; Forfeiture.

                  (a) You recognize that irreparable and incalculable injury
         will result to the Manpower Group and its businesses and properties in
         the event of your breach of any of the restrictions imposed by Sections
         10 or 11 hereof. You therefore agree that, in the event of any such
         actual, impending or threatened breach, the Corporation will be
         entitled, in addition to any other remedies and damages available to
         it, to temporary and permanent injunctive relief (without the necessity
         of posting a bond or other security) restraining the violation, or
         further violation, of such restrictions by you and by any other person
         or entity for whom you may be acting or who is acting for you or in
         concert with you.

                  (b) Notwithstanding Section 4 hereof in the event of your
         breach of any of the restrictions imposed by Sections 10 or 11 hereof,
         in addition to any other remedies and damages available by the
         Corporation, the Corporation shall have the right to terminate payments
         of Consulting Fees.

         13.      Termination of Consulting Period.  The Consulting Period shall
terminate prior to February 28, 2003 or the Extended Term Expiration Date, as
the case may be, upon the occurrence of any of the following:

                  (a) Death. The Consulting Period shall terminate upon your
         death.

                                       6

<PAGE>

                  (b) Disability. If you become physically or mentally disabled
         (regardless of whether such illness or injury is job related) so as to
         become unable, for a total of one hundred eighty days within any one
         year period during the Consulting Period, to perform your duties
         hereunder when requested, the Corporation may, at its option, terminate
         the Consulting Period.

                  (c) Cause. The Corporation may terminate the Consulting Period
         for "Cause." As used in this Agreement, "Cause" shall include (i) your
         willful and continued failure to substantially perform your duties with
         the Corporation after a written demand for substantial performance is
         delivered to you that specifically identifies the manner in which the
         Corporation believes that you have not substantially performed your
         duties, and you have failed to resume substantial performance of your
         duties on a basis consistent with your part-time status within ten days
         after receiving such demand, (ii) your willful engaging in conduct
         which is demonstrably and materially injurious to the Manpower Group,
         monetarily or otherwise, (iii) any dishonest or fraudulent conduct
         which results or is intended to result in gain to you or your personal
         enrichment at the expense of the Manpower Group, (iv) your conviction
         of a felony, misdemeanor or criminal offense, as evidenced by a binding
         and final judgment, order or decree of a court of competent
         jurisdiction which impairs your ability substantially to perform your
         duties with the Corporation, or (v) your violation of any covenant
         restricting competition with any member of the Manpower Group or
         restricting the use and/or disclosure of confidential information of
         any member of the Manpower Group, including any of the covenants set
         forth in Sections 10 and 11 hereof.

         14.      Non-Disparagement. You agree that you, and the Corporation
agrees that it, shall not at any time engage in any form of conduct, or made any
statements or representations, that disparage or otherwise impair the
reputation, goodwill, or commercial interests of, in the case of you, Manpower
Released Persons (as defined below) and, in the case of the Corporation, Your
Released Parties (as defined below); provided that, nothing contained herein
shall preclude either party from providing truthful testimony pursuant to
subpoena or other legal process, or in the course of any proceeding that may be
commenced for purposes of enforcing this Agreement.

         15.      Release of Claims.

                  (a) Release of Claims by You. As further consideration for the
         benefits and payments to you as described in this letter (which you
         acknowledge to be greater, in their totality, than any benefits due you
         absent the commitments being made by the Corporation in this letter),
         you hereby irrevocably and unconditionally release, waive, and fully
         and forever discharge all companies within the Manpower Group and their
         past and current agents, servants, officers, directors, stockholders,
         attorneys, and employees and their respective successors and assigns
         (collectively, the "Manpower Released Parties") from and against any
         and all claims, liabilities, obligations, covenants, rights, demands
         and damages of any nature whatsoever, whether known or unknown,
         anticipated or unanticipated, relating to or arising out of any
         agreement, act, omission, occurrence, transaction or matter up to and
         including the date you sign this letter confirming your

                                       7
<PAGE>
         agreement to its terms as provided below, including, without
         limitation, any and all claims relating to or arising out of your
         employment by the Manpower Group and also including any claim that
         might arise regarding our agreement set forth above providing for your
         continuation of full-time employment until February 28, 2002, your
         reduction to part-time employment commencing March 1, 2002, and your
         eventual termination of employment on February 28, 2003 or the later
         Extended Terms Expiration Date, if any. This release of claims
         includes, but is not limited to, any claims or remedies arising under
         or affected by the Age Discrimination in Employment Act of 1967, as
         amended, Title VII of the Civil Rights Act of 1964, as amended, the
         Civil Rights Act of 1991, the Equal Pay Act, as amended, the Employee
         Retirement Income Security Act, as amended, the Americans With
         Disabilities Act, the Fair Labor Standards Act, as amended, the Family
         and Medical Leave Act of 1993, the Wisconsin Fair Employment Act, as
         amended, the Wisconsin Family and Medical Leave Act, or any other
         local, state or federal laws, whether statutorily codified or not, or
         any claim arising in contract or in tort. You agree to give up any
         benefit conferred on you by any order or judgment issued in connection
         with any proceeding filed against any of the Manpower Released Parties
         regarding the matters released in this Subsection 15(a).

                  (b) Release of Claims by the Manpower Group. As further
         consideration for the agreements being made by you as provided in this
         letter, the Corporation, on behalf of all companies within the Manpower
         Group, hereby irrevocably and unconditionally releases, waives, and
         fully and forever discharges you and your successors and assigns
         (collectively, "Your Released Parties") from and against any and all
         claims, liabilities, obligations, covenants, rights, demands and
         damages of any nature whatsoever, whether known or unknown, anticipated
         or unanticipated, relating to or arising out of any agreement, act,
         omission, occurrence, transaction or matter up to and including the
         date you sign this letter confirming your agreement to its terms as
         provided below.

                  (c) Scope of Release. Nothing in the waivers or releases set
         forth in this letter shall be construed to constitute any release or
         waiver by you of any rights or claims against the Corporation, or by
         the Corporation against you, arising under this letter.

                  (d) Waiver of Reinstatement. You waive any and all rights to
         reinstatement to full-time employment, and hereby agree not to reapply
         for full-time employment with any company in the Manpower Group.

                  (e) Representations. You represent and warrant to the
         Corporation that: (i) BY SIGNING THIS LETTER TO CONFIRM YOUR AGREEMENT,
         YOU UNDERSTAND THAT YOU HEREBY WAIVE AND RELEASE ANY AND ALL RIGHTS AND
         CLAIMS ARISING UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967,
         AS AMENDED, ITS STATE LAW EQUIVALENT AND ALL OTHER CLAIMS AGAINST THE
         CORPORATION ARISING UP TO AND INCLUDING THE DATE YOU SIGN THIS LETTER,
         AND ANY CLAIM ARISING FROM YOUR RESIGNATION FROM FULL-TIME EMPLOYMENT,
         (ii) you have executed this letter to confirm your agreement on the

                                       8
<PAGE>
         date set forth below your name on the signature page hereof, (iii) you
         have carefully read this letter, you know and understand its contents,
         you signed this letter freely and voluntarily, and you intend to be
         bound by it, and (iv) you are not relying on any representations,
         statements, or promises whatsoever of the Corporation or anyone else,
         other than as set forth in this letter, as an inducement to execute
         this letter.

                  (f) No Admission. Nothing in this letter shall be deemed an
         admission by you or any company in the Manpower Group of liability or
         wrongdoing of any nature.

         16.      Execution and Revocation Rights.

                  (a) Execution. You have the right to sign this letter,
         confirming your agreement, any time within twenty-one (21) calendar
         days following receipt of the letter.

                  (b) Revocation. Following the date you sign, you have the
         right to revoke the agreement reflected by this letter at any time
         within seven (7) calendar days of your signing it, not including the
         date of your signing (the "Revocation Period"). Any notice of
         revocation shall be deemed effective when it is deemed to have been
         given as provided below. Our agreement as reflected by this letter will
         not become effective or enforceable until the Revocation Period has
         expired. If you give a notice of revocation during the Revocation
         Period, this agreement reflected by this letter will be null and void,
         all rights and claims of the parties which would have existed, but for
         the execution of this letter, will be restored.

         17.      Support Services; Indemnity. The Corporation shall provide you
with all reasonably necessary equipment and support personnel including, without
limitation, a secretary, needed by you to perform the consulting services as
described in Subsection 2(a) hereof during the Consulting Period. You will
continue to be indemnified by the Corporation in connection with your prior
duties as an officer of the Corporation to the same extent that officers and
former officers are entitled to such indemnification.

         18.      Successors; Binding Agreement. This letter agreement will be
binding on any successor of the Corporation and will inure to the benefit of and
be enforceable by your personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. If you
should die while any amount would still be payable to you or while any benefits
would still be due to you and/or your eligible dependents hereunder if you had
continued to live, all such amounts, unless otherwise provided herein, will be
paid in accordance with the terms of this letter to your estate.

         19.      Notices. Any notice required or permitted to be given or made
hereunder shall be sufficient if, and occur when, hand delivered, mailed postage
prepaid, sent by prepaid express or courier service or sent by facsimile
transmission and actually received, to the party to receive such notice at its
address set forth beneath its signature hereto or to such changed address as
such party shall designate by proper notice to the other.

         20.      Previous Agreement.  This letter, upon acceptance by you,
expressly supersedes any and all previous agreements or understandings relating
to your employment by the Corporation or termination of employment, including,
but not limited to, your Employment-

                                       9
<PAGE>
Related Agreement, and all such agreements and understandings shall, as of March
1, 2002, have no further force and effect.

         21.      Severability. The invalidity or unenforceability of any
provision of this Agreement will not affect the validity or enforceability of
any other provision of this Agreement, which shall remain in full force and
effect; provided, that this Section 21 shall not be interpreted to contemplate
any "blue-penciling" or reformation of the restrictions imposed under Sections
10 or 11 hereof.

         22.      Modification.  No provision of this letter may be modified,
waived or discharged unless such waiver, modification or discharge is agreed to
in writing by you and the Corporation.

         23.      Withholding.  The amounts payable to you hereunder are stated
before deductions, if any, required to be made by the Corporation under
applicable law.

         THIS LETTER WAIVES LEGAL CLAIMS AGAINST THE CORPORATION, INCLUDING
POTENTIAL AGE DISCRIMINATION AND OTHER CLAIMS. YOU ARE ADVISED TO CONSULT YOUR
OWN ATTORNEY PRIOR TO SIGNING THE DOCUMENT. YOU HAVE TWENTY-ONE (21) DAYS TO
SIGN THIS LETTER. YOU CAN REVOKE YOUR ACCEPTANCE AS PROVIDED IN THIS LETTER.
YOUR DECISION TO SIGN THIS LETTER MUST BE KNOWING AND VOLUNTARY.

                                                 Sincerely,

                                                 MANPOWER INC.

                                                 By:  /s/ Jeffrey A. Joerres
                                                      --------------------------
                                                 Address for Notice:
                                                 5301 North Ironwood Road
                                                 Milwaukee, WI  53217
                                                 Attn: President

Agreed this 28th day of March, 2002.

/s/ Terry A. Hueneke
---------------------------------------
Terry A. Hueneke

Address for Notice:

855 West County Line Road
Milwaukee, Wisconsin  53271

                                       10
<PAGE>
                                                                       EXHIBIT A

                                 OPERATING UNITS

                                 United States
                                 Canada
                                 Australia
                                 Mexico
                                 Argentina
                                 Brazil
                                 Columbia
                                 Peru
                                 Uruguay
                                 Venezuela
                                 South American Region
                                 Caribbean Region
                                 New Zealand
                                 Japan
                                 Far East Region
                                 Costa Rica
                                 El Salvador
                                 Guatemala
                                 Honduras
                                 Panama
                                 China
                                 Hong Kong
                                 India
                                 Korea
                                 Malaysia
                                 Philippines
                                 Singapore
                                 Southeast Asia Region
                                 Taiwan
                                 Thailand<PAGE>
                          BRIGGS & STRATTON CORPORATION

               FORM 10-Q for Quarterly Period Ended March 31, 2002

                                Exhibit No. 10.1

                   AMENDED AND RESTATED SUPPLEMENTAL EXECUTIVE
                                 RETIREMENT PLAN

                            Effective January 1, 2000

<PAGE>

                          BRIGGS & STRATTON CORPORATION
                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

              Amended and Restated Effective as of January 1, 2000

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>

                                                                                                               Page

<S>                   <C>                                                                                      <C>
PREAMBLE              ...........................................................................................1

ARTICLE I             GENERAL....................................................................................2
                       1.1     Committee.........................................................................2
                       1.2     Deferred Compensation Plan........................................................2
                       1.3     Employer..........................................................................2
                       1.4     Plan..............................................................................2
                       1.5     Pension Plan......................................................................2
                       1.6     Service...........................................................................2

ARTICLE II            ELIGIBILITY................................................................................3
                       2.1     Persons Eligible As Participants Under The Plan...................................3

ARTICLE III           RETIREMENT BENEFITS........................................................................4
                       3.1     Time of Commencement and Amount...................................................4
                       3.2     Manner of Payment.................................................................5
                       3.3     Pre-retirement Spousal Survivor Annuity...........................................5
                       3.4     Pre-retirement Death Benefit......................................................6
                       3.5     Interpretation....................................................................7
                       3.6     Commutation of Benefit............................................................7
                       3.7     Committee Discretion..............................................................7

ARTICLE IV            AMENDMENT AND TERMINATION..................................................................9
                       4.1     Amendment and Termination.........................................................9
                       4.2     Acceleration......................................................................9

ARTICLE V             ADMINISTRATION............................................................................10
                       5.1     In General.......................................................................10
                       5.2     Committee Discretion.............................................................10
                       5.3     Committee Members' Conflict of Interest..........................................10
                       5.4     Governing Law....................................................................10
                       5.5     Expenses.........................................................................10
                       5.6     Minor or Incompetent Payees......................................................11
                       5.7     Withholding......................................................................11
                       5.8     Indemnification..................................................................11

ARTICLE VI            BENEFITS UNFUNDED.........................................................................12
                       6.1     Unsecured Claim..................................................................12
                       6.2     Grantor Trust Only...............................................................12

ARTICLE VII           NONALIENATION OF BENEFITS.................................................................13

ARTICLE VIII          CLAIMS PROCEDURE..........................................................................14
                       8.1     Claims...........................................................................14
                       8.2     Timing of Notification of Claim Determination....................................14
                       8.3     Manner and Content of Notification of Claim Determination........................14
                       8.4     Appeal Procedure.................................................................14

</TABLE>

                                        i
<PAGE>

                                TABLE OF CONTENTS
                                   (continued)
<TABLE>
<CAPTION>

                                                                                                              Page
<S>                  <C>                                                                                      <C>
                       8.5     Timing of Notification of Claim Determination on Appeal..........................15
                       8.6     Manner and Content of Notification of Claim Determination on Appeal..............15

ARTICLE IX             MISCELLANEOUS............................................................................16
                       9.1     No Right to Continued Employment.................................................16
                       9.2     Impact on Other Plans............................................................16
                       9.3     Severability.....................................................................16
                       9.4     Gender and Number................................................................16
                       9.5     Evidence Conclusive..............................................................16
                       9.6     Status of Plan Under ERISA.......................................................16
                       9.7     Name and Address Changes.........................................................16
                       9.8     Limitations on Provisions........................................................17
                       9.9     Identity of Payee................................................................17

</TABLE>

                                       ii

<PAGE>

                                    PREAMBLE

         Briggs & Stratton Corporation hereby amends and restates, effective as
of January 1, 2000, the Supplemental Executive Retirement Plan.

                                        1

<PAGE>

                                    ARTICLE I

                                     General

     1.1 Committee. The term "Committee" means the Compensation Committee of the
Board of Directors of the Employer. Such Committee shall be the Plan
Administrator of this Plan for purposes of the Employee Retirement Income
Security Act of 1974.

     1.2 Deferred Compensation Plan. The term "Deferred Compensation Plan" means
the Briggs & Stratton Corporation Key Employees Savings and Investment Plan and
any and all other deferred compensation agreements between the Participant and
the Employer.

     1.3 Employer. The term "Employer" means Briggs & Stratton Corporation.

     1.4 Plan. The term "Plan" means the Briggs & Stratton Corporation
Supplemental Executive Retirement Plan as set forth in this document and all
subsequent amendments hereto.

     1.5 Pension Plan. The term "Pension Plan" means the Briggs & Stratton
Retirement Plan as amended from time to time.

     1.6 Service. The term "Service" has the same meaning as defined in Section
3.02 of Part B of the Pension Plan.

                                       2

<PAGE>

                                    ARTICLE II

                                   Eligibility

     2.1 Persons Eligible As Participants Under The Plan. Each corporate officer
who is a Participant in the Pension Plan shall be a Participant in this Plan.
The Plan does not cover any person who terminated employment with the Employer
prior to August 15, 1989.

     Each Participant in this Plan who terminates employment with the Employer
on or after August 15, 1989 shall receive benefits based upon the provisions of
this Plan as in effect at the time of such Participant's termination of
employment.

                                       3

<PAGE>

                                   ARTICLE III

                               Retirement Benefits

     3.1 Time of Commencement and Amount.

         (a) Normal or Late Retirement. In the case of a Participant who
terminates employment with the Employer on or after his 65th birthday, his
pension benefit hereunder shall commence on the first day of the month next
following the date of his termination of employment.

         (b) Early Retirement. In the case of a Participant who terminates
employment with the Employer prior to his 65th birthday but on or after his 55th
birthday and after completing at least 10 but less than 30 years of Service, his
pension benefit hereunder shall commence on either (i) the first day of the
month following the later of (A) the date of his termination of employment or
(B) his 62nd birthday or, if earlier, the date he would have completed 30 years
of Service or (ii) if consented to by the Committee in its discretion, the first
day of any month following the date of his termination of employment.

         (c) Special Early Retirement. In the case of a Participant who
terminates employment with the Employer prior to his 65th birthday but after
completing 30 years of Service, his pension benefit hereunder shall commence on
the first day of the month following his termination of employment.

         (d) Disability Retirement. In the case of a Participant who terminates
employment with the Employer prior to his 65th birthday but on or after
incurring a Disability as defined in Section 2.03(l) of Part B of the Pension
Plan and after completing 10 years of Service, his pension benefit hereunder
shall commence on the first day of the month following the date of his
termination of employment.

         (e) Amount. In the case of Normal, Late, Early, Special Early and
Disability Retirement, the amount of monthly pension payable as a single life
pension shall be (i) the amount of monthly pension which would have been payable
to him under the Pension Plan as a single life monthly pension based on his
retirement on the same date and commencement of his benefits on the same date if
the provisions of Internal Revenue Code Sections 401(a)(17) and 415 did not
exist, if he had made no deferrals under the Deferred Compensation Plan and if
the benefit formula under Part B of the Pension Plan contained a multiplier of
2.1% (rather than 1.6%) minus (ii) the amount of pension, expressed as a single
life monthly pension, actually payable to him under the Pension Plan based on
his retirement on the same date and assuming benefits commence on the same date.

         (f) Termination of Employment.

             (1) In the case of a Participant who terminates employment with the
Employer prior to his 65th birthday and prior to completing 10 years of Service,
his pension benefit hereunder shall commence on the first day of the month next
following the date he attains age 65.

                                       4

<PAGE>

             (2) In the case of a Participant who terminates employment with the
Employer prior to his 55th birthday after completing at least 10 but less than
30 years of Service, his pension benefit hereunder shall commence (i) on the
first day of the month next following the date he attains age 65 or (ii) if
consented to by the Committee in its discretion, the first day of any month next
following his 55th birthday and prior to his 65th birthday requested by the
Participant.

             (3) If benefits become payable under paragraphs (f)(1) or (f)(2),
the amount of such monthly pension payable as a single life pension shall be (i)
the amount of monthly pension which would have been payable to him under the
Pension Plan as a single life monthly pension based on his termination on the
same date and assuming commencement of benefits on the same date if the
provisions of Internal Revenue Code Sections 401(a)(17) and 415 did not exist,
if he had made no deferrals under the Deferred Compensation Plan, if the benefit
formula under Part B of the Pension Plan contained a multiplier of 2.1% (rather
than 1.6%) and if the Pension Plan did not require completion of 5 years of
Service to be eligible for a benefit minus (ii) the amount of pension, expressed
as a single life monthly pension, actually payable to him under the Pension Plan
based on his termination on the same date and assuming benefits under the
Pension Plan commence on the same date (or, in the case of a Participant with
less than 5 years of Service, the amount which would have been payable under the
Pension Plan if it had not required completion of 5 years of Service by the
Participant in order for a pension to be payable).

     3.2 Manner of Payment. If the Participant is unmarried at the time his
pension benefit commences, his pension benefit shall be payable to him in the
form of a single life monthly pension. If the Participant is married at the time
his pension benefit commences, instead of receiving a single life monthly
pension he shall receive a Joint and Survivor Pension. The Joint and Survivor
Pension shall be a reduced monthly pension payable to the Participant for his
life with a continuing pension payable after his death to his surviving spouse
for her life in an amount equal to 50% of the reduced benefit payable during the
life of the Participant. Such Joint and Survivor Pension shall be the actuarial
equivalent of the single life monthly pension which would be payable to the
Participant if he were unmarried. If so requested by the Participant and
consented to by the Committee in its discretion, the Plan shall pay the benefit
of a Participant for which the Participant is eligible in the form of a single
life monthly pension or in one of the optional forms of benefit payable under
Section 6.05 of Part B of the Pension Plan which is the actuarial equivalent of
the single life monthly pension otherwise payable to the Participant hereunder.
Actuarially equivalent benefits shall be determined under the factors set forth
for determining actuarial equivalency in the Pension Plan.

     3.3 Pre-retirement Spousal Survivor Annuity.

         (a) If any married Participant (including a terminated Participant) who
has not met the age and service requirements to begin receiving a pension under
Section 3.1(a), (b) or (c) dies before starting to receive payments hereunder,
then his surviving spouse, if any, shall be entitled to a monthly benefit for
life.

         (b) Provided that the surviving spouse survives to such commencement
date, payment of such benefit will commence on (i) the first day of the month
following the

                                       5

<PAGE>

Participant's or former Participant's date of death or, if later, 55th
birthday or (ii) in the case of a Participant or former Participant who had not
completed at least 10 years of Service, the first day of the month following the
65th birthday of the Participant or former Participant.

         (c) The amount of such monthly benefit for life shall be an amount
equal to (i) what such spouse would have received as a survivor annuity under
the Pension Plan, based on the Participant's Service and the benefit formula in
effect under the Pension Plan on the date of his death or, if earlier, the date
of his termination of employment, if the Participant had survived to and
commenced to receive his pension on the later of his 55th birthday (65th
birthday if the Participant had not completed at least 10 years of Service) or
date of death in the Joint and Survivor Pension form, as described in Section
3.2, and died on the next day if the provisions of Internal Revenue Code
Sections 401(a)(17) and 415 did not exist, if the Participant had made no
deferrals under the Deferred Compensation Plan, if the benefit formula under
Part B of the Pension Plan contained a multiplier of 2.1% (rather than 1.6%) and
if the Pension Plan did not require completion of 5 years of Service for this
benefit to apply minus (ii) the amount of any survivor annuity actually payable
to the spouse under the Pension Plan based on the Participant's death on the
same date and assuming the survivor annuity commenced on the same date (or, in
the case of a Participant with less than 5 years of Service, the amount which
would have been payable under the Pension Plan if it had not required completion
of 5 years of Service by the Participant in order for the survivor annuity to be
payable).

         (d) In addition to the payments otherwise due under paragraphs (a), (b)
and (c), if the Participant had completed at least 10 years of Service and dies
prior to what would have been the Participant's 55th birthday, then until the
Participant's 55th birthday the Participant's spouse shall be entitled to
receive a monthly amount of benefit which shall be computed as described under
paragraph (c) above as though the Participant's 55th birthday coincided with the
date of the Participant's death and the offset described in clause (ii) of
paragraph (c) above did not exist.

     3.4 Pre-retirement Death Benefit.

         (a) If any Participant (including any former Participant) who has met
the age and service requirements for a pension under Section 3.1(a), (b) or (c)
dies before starting to receive payments hereunder, then his surviving
beneficiary, if any, shall be entitled to a survivor benefit.

         (b) Payment of such benefit will commence on the first day of the month
following the Participant's or former Participant's date of death.

         (c) The amount of such survivor benefit shall be an amount equal to (i)
what such beneficiary would have received as a survivor benefit under the
Pension Plan if the Participant had terminated employment on the day before his
death and commenced to receive benefits on that day under whichever of Section
3.1(a), (b) or (c) would have been applicable calculated on the assumption that
the provisions of Internal Revenue Code Sections 401(a)(17) and 415 did not
exist, the Participant had made no deferrals under the Deferred Compensation
Plan and the benefit formula under Part B of the Pension Plan contained a
multiplier of 2.1% (rather than 1.6%) minus (ii) the amount of survivor benefit
actually payable to the beneficiary

                                       6
<PAGE>

under the Pension Plan based on the Participant's death on the same
date and assuming the survivor benefit commenced on the same date.

         (d) The beneficiary shall be the same beneficiary as designated by the
Participant for purposes of Section 6.03 of Part B of the Pension Plan (or, in
the case of death after termination of employment, the beneficiary in effect
under Section 6.04 of Part B of the Pension Plan) and the form of payment shall
be the same form as in effect under Section 6.03 of Part B of the Pension Plan
(or, in the case of death after termination of employment, the same form as in
effect under Section 6.04 of Part B of the Pension Plan).

     3.5 Interpretation.

         (a) With the exception of the fact that this Plan pays a benefit to an
individual who terminates employment or dies prior to completion of 5 years of
Service, it is the intention of the Employer that the benefits provided to the
Participant and any beneficiary under this Plan and the Pension Plan together
shall be no greater than would have been provided to the Participant and any
beneficiary under the terms of the Pension Plan if the Participant had at all
times been covered under the Pension Plan in accordance with its rules had the
limitations of Internal Revenue Code Sections 415 and 401(a)(17) not existed and
if the Participant had made no deferrals under the Deferred Compensation Plan
(and if the formula in effect under Part B of the Pension Plan contained a
multiplier of 2.1% rather than 1.6%). In the event that an individual's pension
is increased under the Pension Plan after such individual commences to receive
benefits hereunder, such increase shall be taken into account and shall reduce
the remaining payments due the individual hereunder or, if the individual has
received payment from this Plan in a lump sum, such individual shall be
obligated to make monthly payments to the Employer equal to the monthly amounts
by which the individual's payments from the Pension Plan have increased.

         (b) In computing the benefits which would be payable under this Plan in
the absence of the offset for benefits payable under the Pension Plan, Schedule
A of Part B of the Pension Plan and the first sentence of the last paragraph of
Section 2.03(j) of Part B of the Pension Plan shall be ignored. However, in
computing the amount of offset for amounts payable under the Pension Plan all
amounts payable under the Pension Plan shall be taken into account including
amounts payable under the Pension Plan as a result of Schedule A of Part B of
the Pension Plan and the first sentence of the last paragraph of Section 2.03(j)
of Part B of the Pension Plan.

     3.6 Commutation of Benefit. The Committee, in its discretion, may determine
to commute the benefits otherwise payable to a Participant or beneficiary
hereunder, i.e., the Committee may direct that in lieu of the benefit otherwise
payable to a Participant or a beneficiary hereunder, the Plan shall pay such
individual a single lump sum cash payment which is the actuarial equivalent of
the benefit otherwise payable. Actuarial equivalency shall be determined under
the factors set forth in the Pension Plan.

     3.7 Committee Discretion. As to the exercise of its discretion under this
Plan, the Committee shall in no way be bound by past precedent in connection
with other Participants, i.e., the fact that it may have directed an earlier
payment commencement date or an alternative form

                                       7
<PAGE>

of payment for one Participant shall not in any way obligate the Committee to
reach a similar decision for any subsequent Participant. Any Committee member
who is also a Participant in this Plan shall not be authorized to vote or
otherwise participate in the decision regarding the time or form of payment of
that individual's benefit.

                                       8
<PAGE>

                                   ARTICLE IV

                            Amendment and Termination

     4.1 Amendment and Termination. Briggs & Stratton Corporation may amend or
terminate this Plan at any time through action of its Board of Directors. If the
Plan is terminated no further benefits shall accrue hereunder. However, unless
necessary to conform to any present or future federal or state law or
regulation, amendment or termination may not result in a reduction of benefits
of a Participant (or his surviving spouse) who is already receiving benefits,
nor may amendment or termination result in a Participant who is still in active
service (or his surviving spouse) receiving a benefit hereunder smaller than
that to which he would have been entitled had the Participant terminated
employment on the day prior to the effective date of such amendment or
termination. The delegation of authority to the Committee in Section 1.1 and
Article V does not extend to this Section 4.1.

     4.2 Acceleration. The Committee may direct payment of a Participant's
benefits in an actuarially equivalent lump sum before they otherwise would be
payable hereunder at any time after the Plan is terminated or if, based on
notification from the Internal Revenue Service or a review by the Committee in
light of Internal Revenue Service guidance, the Committee determines that a
Participant has or will recognize income for federal income tax purposes with
respect to amounts that are or will be payable under the Plan before they are to
be paid. Further, the Committee may direct payment of a Participant's benefits
in an actuarially equivalent lump sum before they otherwise would be payable and
may terminate a Participant's participation in the Plan if, based on
notification from the Department of Labor or a review by the Committee in light
of Department of Labor guidance, the Committee determines that an individual's
participation in the Plan jeopardizes the Plan's status as a plan described in
Section 9.6 hereof.

                                       9

<PAGE>

                                    ARTICLE V

                                 Administration

     5.1 In General. The Committee has such powers as may be necessary to direct
the general administration of the Plan, including the powers given to it
elsewhere in this document and including (but not by way of limitation) the
following powers:

                  (a)      to construe and interpret the Plan and to make
                           equitable adjustments for any mistakes or errors made
                           in the administration thereof;

                  (b)      to prescribe such procedures, rules and regulations
                           as it shall deem necessary or proper for the
                           efficient administration of the Plan or any of its
                           duties hereunder;

                  (c)      to decide questions of eligibility and determine the
                           amount, manner and time of payment of any benefits
                           and to direct the payment of the same by the
                           Employer;

                  (d)      to prescribe the form and manner of application for
                           any benefits hereunder and forms to be used in the
                           general administration hereof; and

                  (e)      to receive from the Employer and Participants or
                           their beneficiaries such information as shall be
                           necessary for the proper administration of the Plan.

     5.2 Committee Discretion. The Committee has full and complete discretionary
authority to determine eligibility for benefits, to construe the terms of the
Plan and to decide any matter presented through the claims review procedure. Any
final determination by the Committee shall be binding on all parties and
afforded the maximum deference allowed by law. If challenged in court, such
determination shall not be subject to de novo review and shall not be overturned
unless proven to be arbitrary and capricious upon the evidence considered by the
Committee at the time of such determination.

     5.3 Committee Members' Conflict of Interest. A member of the Committee who
is covered hereunder may not vote or decide upon any matter relating solely to
himself or vote in any case in which his individual right to any benefit under
the Plan is particularly involved nor may a member of the Board who is covered
hereunder vote to amend the Plan regarding the timing of distributions or vote
with respect to direct or indirect termination of the Plan. Decisions shall be
made by remaining Committee or Board members even if there is no quorum under
normal Committee or Board rules.

     5.4 Governing Law. This Plan shall be construed in accordance with the laws
of the State of Wisconsin to the extent not preempted by the provisions of the
Employee Retirement Income Security Act of 1974 or other federal law.

     5.5 Expenses. All expenses and costs incurred in connection with the
administration and operation of the Plan shall be borne by the Employer and/or
the Trust.

                                       10

<PAGE>

     5.6 Minor or Incompetent Payees. If a person to whom a benefit is payable
is a minor or is otherwise incompetent by reason of a physical or mental
disability, the Committee may cause the payments due to such person to be made
to another person for the first person's benefit without any responsibility to
see to the application of such payment. Such payments shall operate as a
complete discharge of the obligations to such person under the Plan.

     5.7 Withholding. To the extent required by law, the Employer shall withhold
any taxes required to be withheld by the federal or any state or local
government from payments made hereunder or from other amounts paid to the
Participant by the Employer. To the extent that FICA taxes are required to be
withheld from the Participant with respect to amounts credited under this Plan
and no amounts are to be paid to the Participant hereunder or otherwise from the
Employer from which such FICA taxes may be withheld, then the Employer shall pay
such FICA taxes and the Participant's benefit hereunder shall be reduced by the
amount of the FICA tax paid.

     5.8 Indemnification. Except as otherwise provided by law, neither the Board
or the Committee nor any individual member of the Board or the Committee, nor
the Employer, nor any officer, shareholder or employee of the Employer shall be
liable for any error of judgment, action or failure to act hereunder or for any
good faith exercise of discretion, excepting only liability for gross negligence
or willful misconduct. Such individuals and entities shall be indemnified and
held harmless by the Employer against any and all claims, damages, liabilities,
costs and expenses (including attorneys' fees) arising by reason of any good
faith error of omission or commission with respect to any responsibility, duty
or action hereunder. Nothing herein contained shall preclude the Employer from
purchasing insurance to cover potential liability of one or more persons who
serve in an administrative capacity with respect to the Plan.

                                       11

<PAGE>

                                   ARTICLE VI

                                Benefits Unfunded

     6.1 Unsecured Claim. The right of any individual to receive payment under
the provisions of this Plan shall be an unsecured claim against the general
assets of the Employer, and no provisions contained in this Plan, nor any action
taken pursuant to this Plan, shall be construed to give any individual at any
time a security interest in any asset of the Employer, of any affiliated
company, or of the stockholders of the Employer. The liabilities of the Employer
to any individual pursuant to this Plan shall be those of a debtor pursuant to
such contractual obligations as are created by this Plan and to the extent any
person acquires a right to receive payment from the Employer under this Plan,
such right shall be no greater than the right of any unsecured general creditor
of the Employer.

     6.2 Grantor Trust Only. Benefits under this Plan are payable solely from
the general assets of the Employer. The rights of Participants and beneficiaries
hereunder shall not constitute or be treated as a trust fund of any kind. Title
to and beneficial ownership of any assets which the Employer may earmark to pay
deferred compensation hereunder shall at all times remain in the Employer and
Participants and beneficiaries hereunder shall have no interest in any specific
assets of the Employer by virtue of this Plan. Notwithstanding the foregoing,
the Employer intends to finance its obligation hereunder via the Trust Agreement
dated January 31, 1995 between the Employer and Johnson Heritage Trust Company
(the "Trust"), which is intended to be a grantor trust, in the event of a Change
of Control Event as defined in such Trust. It is the intention of all parties
involved that the arrangements be unfunded for tax purposes and for purposes of
Title I of ERISA. The Trust and any assets held by the Trust to assist it in
meeting its obligations under the Plan are intended to conform to the terms of
the model trust requirements set forth in Revenue Procedure 92-64 issued by the
Internal Revenue Service.

                                       12

<PAGE>

                                  ARTICLE VII

                            Nonalienation of Benefits

         All benefits payable hereunder are for the sole use and benefit of the
Participants and their beneficiaries and, to the extent permitted by law, shall
be free, clear and discharged of and from, and are not to be in any way liable
for, debts, contracts or agreements, now contracted or which may hereafter be
contracted and from all claims and liabilities now or hereafter incurred by any
Participant or beneficiary covered by this Plan. No Participant or beneficiary
covered by this Plan shall have the right to anticipate, surrender, encumber,
alienate or assign, whether voluntarily or involuntarily, any of the benefits to
become due hereunder unto any person or person upon any terms whatsoever, and
any attempt to do so shall be void.

                                       13

<PAGE>

                                  ARTICLE VIII

                                Claims Procedure

     8.1 Claims. If the Participant or the Participant's beneficiary
(hereinafter refereed to as "claimant") believes he is being denied any benefit
to which he is entitled under this Plan for any reason, he may file a written
claim with the member of the Committee designated as the claims administrator.
The claimant may designate an authorized representative to act on his behalf in
connection with his claim.

     8.2 Timing of Notification of Claim Determination. The claims administrator
shall review the claim and notify the claimant of its decision with respect to
his claim within a reasonable period of time, but not later than 90 days after
receipt of the claim by the claims administrator, unless the claims
administrator determines that special circumstances require an extension of time
for processing the claim. If the claims administrator determines that an
extension of time for processing is required, written notice of the extension
will be furnished to the claimant prior to the termination of the initial 90-day
period. In no event will the extension exceed a period of 90 days from the end
of the initial 90-day period. The extension notice will indicate the special
circumstances requiring an extension of time and the date by which the claims
administrator expects to render the claim determination.

     8.3 Manner and Content of Notification of Claim Determination. The claims
administrator will provide the claimant with written or electronic notification
of any adverse claim determination. The notification will set forth:

                  (a)      The specific reason or reasons for the adverse
                           determination;

                  (b)      Reference to the specific plan provisions on which
                           the determination is based;

                  (c)      A description of any additional material or
                           information necessary for the claimant to perfect the
                           claim and an explanation of why such material or
                           information is necessary; and

                  (d)      A description of the plan's claim appeal procedures
                           and the time limits applicable to such procedures,
                           including a statement of the claimant's right to
                           bring a civil action under Section 502(a) of the
                           Employee Retirement Income Security Act of 1974, as
                           amended, ("ERISA") following an adverse claim
                           determination on appeal.

     8.4 Appeal Procedure. A claimant is entitled to request the entire
Committee to review any denial by written request to the Committee within 60
days of receipt of the denial. Absent a request for review within the 60-day
period, the claim will be deemed to be conclusively denied. In connection with
the claimant's appeal the claimant may submit written comments, documents,
records and other information relating to the claimant's claim. Upon request the
claimant will be provided, free of charge, reasonable access to, and copies of,
all documents, records and other information relevant to the claimant's claim
for benefits. The Committee's decision regarding the claimant's appeal will take
into account all comments, documents, records and other information the claimant
submits relating to the claimant's claim,

                                       14

<PAGE>

without regard to whether such information was submitted or considered in
the initial claim determination.

     8.5 Timing of Notification of Claim Determination on Appeal. The Committee
will notify the claimant of its determination of the claimant's claim on appeal
within a reasonable period of time, but not later than 60 days after receipt of
the claimant's request for review by the Committee unless the Committee
determines that special circumstances require an extension of time for
processing the claim. If the Committee determines that an extension of time for
processing is required, written notice of the extension will be furnished to the
claimant prior to the termination of the initial 60-day period. In no event will
the extension exceed a period of 60 days from the end of the initial 60-day
period. The extension notice will indicate the special circumstances requiring
an extension of time and the date by which the Committee expects to render the
determination on review.

     8.6 Manner and Content of Notification of Claim Determination on Appeal.
The Committee will provide the claimant with written or electronic notification
of its determination with respect to the claimant's appeal. In the case of an
adverse claim determination on appeal, the notification will set forth:

                  (a)      The specific reason or reasons for the adverse
                           determination;

                  (b)      Reference to the specific plan provisions on which
                           the determination is based;

                  (c)      A statement that the claimant is entitled to receive,
                           upon request and free of charge, reasonable access
                           to, and copies of, all documents, records, and other
                           information relevant to the claimant's claim for
                           benefits.

                  (d)      A statement of the claimant's right to bring an
                           action under section 502(a) of ERISA.

                                       15

<PAGE>

                                   ARTICLE IX

                                  Miscellaneous

     9.1 No Right to Continued Employment. Neither participation in this Plan,
nor the payment of any benefit hereunder, shall be construed as giving to the
Participant any right to be retained in the service of the Employer, or limiting
in any way the right of the Employer to terminate the Participant's employment
at any time. Nor does the participation in this Plan guarantee the Participant
the right to receive any specific amount of compensation or bonus, such amount
being determined solely under such applicable compensation or bonus arrangement
as established by the Employer.

     9.2 Impact on Other Plans. No amounts credited to any Participant under
this Plan and no amounts paid from this Plan will be taken into account as
"wages", "salary", "base pay" or any other type of compensation when determining
the amount of any payment or allocation, or for any other purpose, under any
other qualified or nonqualified pension or profit sharing plan of the Employer
or other plan or program of the Employer, except as otherwise may be
specifically provided by such plan or program.

     9.3 Severability. If any provisions of the Plan shall be held illegal or
invalid for any reason, said illegality or invalidity shall not affect the
remaining parts of the Plan, but this Plan shall be construed and enforced as if
said illegal and invalid provisions had never been included herein.

     9.4 Gender and Number. Masculine gender shall include the feminine, and the
singular shall include the plural, unless the context clearly indicates
otherwise.

     9.5 Evidence Conclusive. The Employer, the Committee and any person or
persons involved in the administration of the Plan shall be entitled to rely
upon any certification, statement, or representation made or evidence furnished
by any person with respect to any facts required to be determined under any of
the provisions of the Plan, and shall not be liable on account of the payment of
any monies or the doing of any act or failure to act in reliance thereon. Any
such certification, statement, representation, or evidence, upon being duly made
or furnished, shall be conclusively binding upon the person furnishing it but
not upon the Employer, the Committee or any other person involved in the
administration of the Plan. Nothing herein contained shall be construed to
prevent any such parties from contesting any such certification, statement,
representation, or evidence or to relieve any person from the duty of submitting
satisfactory proof of any fact.

     9.6 Status of Plan Under ERISA. The Plan is intended to be an unfunded plan
maintained by an Employer primarily for the purpose of providing deferred
compensation for a select group of management or highly compensated employees,
as described in Section 201(2), Section 301(a)(3), Section 401(a)(1) and Section
4021(b)(6) of the Employee Retirement Income Security Act of 1974, as amended.

     9.7 Name and Address Changes. Each Participant shall keep his name and
address on file with the Employer and shall promptly notify the Employer of any
changes in his name or address. All notices required or contemplated by this
Plan shall be deemed to have been given to

                                       16

<PAGE>

a Participant if mailed with adequate postage prepaid thereon addressed to
him at his last address on file with the Employer. If any check in payment of a
benefit hereunder (which was mailed to the last address of the payee as shown on
the Employer's records) is returned unclaimed, further payments shall be
discontinued unless evidence is furnished that the recipient is still alive.

     9.8 Limitations on Provisions. The provisions of the Plan and any benefits
payable hereunder shall be limited as described herein. Any benefit payable
under the Pension Plan shall be paid solely in accordance with the terms and
provisions of the Pension Plan, and nothing in the Plan shall operate or be
construed in any way to modify, amend, or affect the terms and provisions of the
Pension Plan.

     9.9 Identity of Payee. If at any time any doubt exists as to the identity
of any person entitled to payment of any benefit hereunder or as to the amount
or time of any such payment, such sum shall be held by the Employer until such
doubt is cured or the Employer may pay such sum into a court of competent
jurisdiction in accordance with any lawful procedure in such case made and
provided.

                                       17

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