Document:

<PAGE>
                                                                   Exhibit 10.37

                               FIRST AMENDMENT TO
                              EMPLOYMENT AGREEMENT

         This FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT by and among Dreyer's
Grand Ice Cream, Inc., a Delaware corporation (the "Company") and Mark J.
LeHocky (the "Executive"), dated as of August 30, 2002 (the "Agreement"), is
dated as of July 21, 2003.

         WHEREAS, the Company, Dreyer's Grand Ice Cream Holdings, Inc. (formerly
known as New December, Inc.), a Delaware corporation ("New Dreyer's") and wholly
owned subsidiary of the Company, December Merger Sub, Inc., a Delaware
corporation and wholly owned subsidiary of New Dreyer's, Nestle Holdings, Inc.,
a Delaware corporation ("Nestle") and NICC Holdings, Inc., a Delaware
corporation and wholly owned indirect subsidiary of Nestle ("NICC") have entered
into an Agreement and Plan of Merger Contribution, dated as of June 16, 2002 (as
such agreement may hereafter be amended, the "Merger Agreement"), pursuant to
which, among other things, the Company and NICC have become wholly owned
subsidiaries of New Dreyer's effective as of June 26, 2003; and

         WHEREAS, the Company and the Executive have entered into the Agreement
to provide for the employment of the Executive by the Company, and the Executive
wishes to serve the Company, in the capacities and on the terms and subject to
the conditions set forth in the Agreement; and

         WHEREAS, in view of the fact that the Effective Time of the Merger (as
defined in the Merger Agreement) occurred later than originally anticipated, the
Company and the Executive agree that it is appropriate to amend the Agreement as
set forth in this First Amendment; and

         WHEREAS, Section 9(c) of the Agreement requires that the Company cause
New Dreyer's to become a party to and co-obligor under the Agreement;

         NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

         1.       Vesting of Deferred Options. Section 1(b) of the Agreement is
hereby amended to read as follows:

                           In consideration for the protections afforded to the
                  Executive under this Agreement, the Executive hereby waives
                  the vesting of the Deferred Options (as defined below) that
                  has occurred or may hereafter occur solely as a result of the
                  applicability of the change-of-control provisions of Section
                  11 of the Company's Stock Option Plan (1993) (the "Option
                  Plan") upon the approval of the Merger Agreement by the Board
                  of Directors of the Company (the "Board") and/or the
                  transactions contemplated by the Merger Agreement, and agrees
                  that the Deferred Options shall vest in accordance with the
                  schedule set forth in Exhibit A hereto, subject to the terms
                  of the Deferred Options, the Option Plan and the provisions of
                  Sections 4(a)(iv), 4(b)(iii) and 4(c)(v) of this Agreement.
                  Notwithstanding the foregoing, if the Merger Agreement is
                  terminated as a result of a Change in Control occurring before
                  the Effective Time of the Merger: (i) such waiver and the
                  preceding sentence shall be void unless expressly reaffirmed
                  as contemplated by Section 1(a) above; and (ii) if such
                  reaffirmation occurs, the Deferred Options

<PAGE>

                  shall vest in three equal annual installments on each of the
                  first three anniversaries of the Agreement Effective Date,
                  with each such annual installment including a pro-rata portion
                  of each separate grant of Deferred Options. The "Deferred
                  Options" means those stock options that have been granted to
                  the Executive under the Option Plan that are outstanding on
                  the date of this Agreement that would not be vested on the
                  date of this Agreement, absent the fact that approval of the
                  Merger Agreement by the Board caused them to vest pursuant to
                  Section 11 of the Option Plan. In addition, the Executive
                  consents to the treatment of his options to purchase Company
                  common stock provided for in Section 2.11(e) of the Merger
                  Agreement. Except as provided otherwise in this Agreement or
                  the Merger Agreement, the Deferred Options shall continue to
                  be subject to the Option Plan and the terms of the underlying
                  award agreement, including without limitation the provision
                  that vested Deferred Options will remain exercisable for at
                  least three months following any termination of the
                  Executive's employment for any reason, whether during or after
                  the end of the Employment Period (but not after the expiration
                  of the original option term).

         2.       New Dreyer's. New Dreyer's acknowledges that, as required by
Exection 9(c) of the Agreement: (a) as of the Effective Time of the Merger on
June 26, 2003, New Dreyer's has become an additional party to the Agreement and
a co-obligor with respect to the obligations of the Company under the Agreement;
and (b) from and after the Effective Time of the Merger, the references in
Section 3(b) and 3(c) of the Agreement to the "Board" shall be deemed to refer
to the Board of Directors of New Dreyer's, and all references in the Agreement
to the Company shall be deemed to refer to both the Company and New Dreyer's.

         3.       Agreement Ratified. The Agreement is ratified and confirmed
without amendment, except as specifically provided above.

         4.       Counterparts. This First Amendment may be executed
simultaneously in two counterparts, each of which shall be deemed an original
but which together shall constitute one and the same instrument.

<PAGE>

                  IN WITNESS WHEREOF, the Executive has hereunto set the
Executive's hand and, pursuant to the authorization from their respective boards
of directors, the Company and New Dreyer's each has caused these presents to be
executed in its name on its behalf, all as of the day and year first above
written.

                                               /s/  Mark J. LeHocky
                                           -------------------------------------
                                                        MARK J. LEHOCKY

                                           DREYER'S GRAND ICE CREAM, INC.

                                           By:   /s/  T. Gary Rogers
                                               ---------------------------------
                                               Name:  T. Gary Rogers
                                               Title: Chairman of the Board and
                                                      Chief Executive Officer

                                           DREYER'S GRAND ICE CREAM HOLDINGS,
                                                INC.

                                           By:   /s/  T. Gary Rogers
                                               ---------------------------------
                                               Name:  T. Gary Rogers
                                               Title: Chairman of the Board and
                                                      Chief Executive Officer

<PAGE>

                                    Exhibit A

                      VESTING SCHEDULE FOR DEFERRED OPTIONS

<PAGE>

                                                                         Page: 1

<TABLE>
<S>                                        <C>                                                                    <C>
OPTIONS AND AWARDS SUMMARY                 DREYER'S GRAND ICE CREAM, INC.
                                           File:                                                                  Optsum

[ ]                                        ID:94-2967523
                                           Date:                                                                  8/4/2003

[ ]                                        5929 College Avenue
                                           Time:                                                                  3:50:21PM
                                           As of: 6/27/2003
[ ]                                        Oakland, California 94618
</TABLE>

Current Market Value: $79.000000

MARK J. LEHOCKY                                                 ID: ###-##-####
35 HACIENDAS ROAD
ORINDA, CA USA 94563

<TABLE>
<S>                     <C>                        <C>                <C>                    <C>             <C>
OPTION NO.: 001326      OPTION DATE: 9/1/2000      SHARES: 8,350      PRICE: $21.437500      PLAN: IS93      TYPE: ISO
</TABLE>

<TABLE>
<CAPTION>
               V E S T I N G   S C H E D U L E                        T R A N S A C T I O N S          C A N C E L L A T I O N S
Granted    Full Vest    Exercisable    Total Price     Expires    Date    Type    Shares    Value      Date    Reason    Shares
<S>        <C>          <C>            <C>            <C>         <C>     <C>     <C>       <C>        <C>     <C>       <C>
     0     6/14/2002         0            $0.00       9/1/2010
 2,783     12/1/2003         0            $0.00       9/1/2010
 2,783     12/1/2004         0            $0.00       9/1/2010
 2,784      4/3/2006         0            $0.00       9/1/2010
 8,350                       0            $0.00
</TABLE>

<TABLE>
<S>                     <C>                         <C>                <C>                    <C>             <C>
OPTION NO.: 001340      OPTION DATE: 2/14/2001      SHARES: 8,100      PRICE: $31.125000      PLAN: NQ93      TYPE: NQ
</TABLE>

<TABLE>
<CAPTION>
               V E S T I N G   S C H E D U L E                        T R A N S A C T I O N S          C A N C E L L A T I O N S
Granted    Full Vest    Exercisable    Total Price     Expires    Date    Type    Shares    Value      Date    Reason    Shares
<S>        <C>          <C>            <C>            <C>         <C>     <C>     <C>       <C>        <C>     <C>       <C>
     0     6/14/2002         0            $0.00       2/14/2011
 2,700     6/26/2004         0            $0.00       2/14/2011
 2,700     6/26/2005         0            $0.00       2/14/2011
 2,700      4/3/2006         0            $0.00       2/14/2011
 8,100                       0            $0.00
</TABLE>

<PAGE>

<TABLE>
<S>                     <C>                         <C>                <C>                    <C>             <C>
OPTION NO.: 001613      OPTION DATE: 2/7/2002       SHARES: 9,020      PRICE: $39.395000      PLAN: NQ93      TYPE: NQ
</TABLE>

<TABLE>
<CAPTION>
               V E S T I N G   S C H E D U L E                        T R A N S A C T I O N S          C A N C E L L A T I O N S
Granted    Full Vest    Exercisable    Total Price     Expires    Date    Type    Shares    Value      Date    Reason    Shares
<S>        <C>          <C>            <C>            <C>         <C>     <C>     <C>       <C>        <C>     <C>       <C>
     0     6/14/2002         0            $0.00       2/7/2012
 3,007     6/26/2004         0            $0.00       2/7/2012
 3,007     6/26/2005         0            $0.00       2/7/2012
 3,006      4/3/2006         0            $0.00       2/7/2012
 9,020                       0            $0.00
</TABLE>

<TABLE>
<S>                     <C>                         <C>                <C>                    <C>             <C>
OPTION NO.: A01339      OPTION DATE: 2/14/2001      SHARES: 3,887      PRICE: $31.125000      PLAN: IS93      TYPE: ISO
</TABLE>

<TABLE>
<CAPTION>
               V E S T I N G   S C H E D U L E                        T R A N S A C T I O N S          C A N C E L L A T I O N S
Granted    Full Vest    Exercisable    Total Price     Expires    Date    Type    Shares    Value      Date    Reason    Shares
<S>        <C>          <C>            <C>            <C>         <C>     <C>     <C>       <C>        <C>     <C>       <C>
     0     6/14/2002         0            $0.00       2/14/2011
 1,296     12/1/2003         0            $0.00       2/14/2011
 1,296     12/1/2004         0            $0.00       2/14/2011
 1,295      4/3/2006         0            $0.00       2/14/2011
 3,887                       0            $0.00
</TABLE>

<TABLE>
<S>                     <C>                         <C>                <C>                    <C>             <C>
OPTION NO.: AA1339      OPTION DATE: 2/14/2001      SHARES: 1,263      PRICE: $31.125000      PLAN: NQ93      TYPE: NQ
</TABLE>

<TABLE>
<CAPTION>
               V E S T I N G   S C H E D U L E                        T R A N S A C T I O N S          C A N C E L L A T I O N S
Granted    Full Vest    Exercisable    Total Price     Expires    Date    Type    Shares    Value      Date    Reason    Shares
<S>        <C>          <C>            <C>            <C>         <C>     <C>     <C>       <C>        <C>     <C>       <C>
     0     6/14/2002         0            $0.00       2/14/2011
   421     6/26/2004         0            $0.00       2/14/2011
   421     6/26/2005         0            $0.00       2/14/2011
   421      4/3/2006         0            $0.00       2/14/2011
 1,263                       0            $0.00
</TABLE>

<PAGE>

<TABLE>
<S>                     <C>                         <C>                <C>                    <C>             <C>
OPTION NO.: AA1588      OPTION DATE: 2/7/2002       SHARES: 1,930      PRICE: $39.395000      PLAN: NQ93      TYPE: NQ
</TABLE>

<TABLE>
<CAPTION>
               V E S T I N G   S C H E D U L E                        T R A N S A C T I O N S          C A N C E L L A T I O N S
Granted    Full Vest    Exercisable    Total Price     Expires    Date    Type    Shares    Value      Date    Reason    Shares
<S>        <C>          <C>            <C>            <C>         <C>     <C>     <C>       <C>        <C>     <C>       <C>
     0     6/14/2002         0            $0.00       2/7/2012
   643     6/26/2004         0            $0.00       2/7/2012
   643     6/26/2005         0            $0.00       2/7/2012
   644      4/3/2006         0            $0.00       2/7/2012
 1,930                       0            $0.00
</TABLE>

<TABLE>
<S>                                    <C>
Total Options Exercisable:                 0
Total Price:                           $0.00
Total Potential Gain:                  $0.00
</TABLE><PAGE>
                                                                   Exhibit 10.38

                             ICE CREAM PARTNERS USA

                SUPPLEMENTAL MANAGEMENT RETIREMENT & SAVINGS PLAN

                                                          EFFECTIVE JUNE 1, 2000

                                       i
<PAGE>
                                TABLE OF CONTENTS
<TABLE>
<CAPTION>
ARTICLE                                                                                                      PAGE NUMBER
-------                                                                                                      -----------
<S>                                                                                                          <C>
ARTICLE 1   NAME, PURPOSE AND DEFINITIONS.................................................................        2

ARTICLE 2   PARTICIPATING EMPLOYERS.......................................................................        8

ARTICLE 3   ELIGIBILITY AND PARTICIPATION.................................................................        10

ARTICLE 4   DEFERRAL ELECTIONS AND DEEMED MATCHING AMOUNTS................................................        12

ARTICLE 5   TOTAL RETIREMENT SUPPLEMENT...................................................................        15

ARTICLE 6   ACCOUNTS AND VESTING..........................................................................        17

ARTICLE 7   DISTRIBUTION ELECTIONS........................................................................        21

ARTICLE 8   DISTRIBUTIONS.................................................................................        23

ARTICLE 9   ADMINISTRATION AND CLAIMS PROCEDURES..........................................................        27

ARTICLE 10   AMENDMENT AND TERMINATION....................................................................        31

ARTICLE 11   TRUST........................................................................................        33

ARTICLE 12   MISCELLANEOUS................................................................................        34
</TABLE>

                                       ii
<PAGE>
                             ICE CREAM PARTNERS USA

                SUPPLEMENTAL MANAGEMENT RETIREMENT & SAVINGS PLAN

         This Plan is hereby adopted effective as of June 1, 2000 by Ice Cream
Partners USA, LLC, a Delaware limited liability company (the "Company").

                              W I T N E S S E T H:

         WHEREAS, the Company desires to provide certain nonqualified deferred
compensation and retirement benefits to selected executive employees of the
Company, including but not limited to benefits similar to those which such
executive employees would receive under the Ice Cream Partners USA 401(k)
Savings Plan absent certain limitations in the Internal Revenue Code of 1986, as
amended; and

         WHEREAS, the Company desires to adopt the Ice Cream Partners USA
Supplemental Retirement Plan, effective as of June 1, 2000; and

         NOW, THEREFORE effective as of June 1, 2000 the Company adopts the
Plan, which reads as follows:

                                       1
<PAGE>
                                   ARTICLE 1

                          NAME, PURPOSE AND DEFINITIONS

1.1      Name

         The name of this Plan shall be the Ice Cream Partners USA Supplemental
Management Retirement & Savings Plan.

1.2      Purpose and Legal Status

         The purpose of this Plan is to provide deferred compensation on a
non-qualified basis to certain executive employees who contribute materially to
the growth, development and future business success of the Company and any other
Participating Employers. This Plan is intended to be for a "select group of
management or highly compensated employees" as provided in Sections 201(2),
301(a)(3), 401(a)(1) and 4021(b)(6) of ERISA. This Plan is also intended to be
non-qualified and unfunded for tax purposes and unfunded for purposes of Title I
of ERISA. This Plan shall, to the extent possible, be administered and
interpreted, and benefits and participation hereunder be limited, in a manner
consistent with such intentions.

1.3      Definitions

         For purposes of the Plan, the following words and phrases, where
capitalized, have the meanings specified below.

         (a)      "Accounts" mean Basic Deferral Accounts, 401(k) Make-Up
                  Accounts, Match Accounts, Pension Make-Up Accounts, Total
                  Retirement Supplement Accounts, and any other bookkeeping
                  accounts established by the Administrator hereunder to record
                  amounts credited on behalf of a Participant hereunder, and any
                  earnings and losses thereon.

         (b)      "Administrator" means the Company or the person, persons,
                  corporation, partnership or other entity designated as
                  Administer of the Plan in accordance with Article 9.

                                       2
<PAGE>
         (c)      "Affiliate" means any corporation or business organization
                  during any period during which it is a member of a controlled
                  group of corporations or trades or businesses within the
                  meaning of Sections 414(b) and 414(c) of the Code, which
                  controlled group includes the Company, or it is a member of an
                  affiliated service group within the meaning of Section 414(m)
                  of the Code, which affiliated service group includes the
                  Company.

         (d)      "Appeals Committee" means the Appeals Committee established
                  pursuant to Article 9.

         (e)      "Base Compensation" shall mean all Compensation excluding
                  Bonus Compensation.

         (f)      "Basic Deferral Account" means for each Participant the
                  bookkeeping account maintained on his behalf to reflect his
                  Basic Deferral Amounts and all earnings and losses thereon.

         (g)      "Basic Deferral Amount" means for each Participant the portion
                  of his unpaid Compensation which is retained pursuant to
                  Section 4.1 hereof by the Participating Employer which employs
                  him (less any required FICA or other tax withholdings).

         (h)      "Beneficiary" means the party or parties designated by a
                  Participant, in accordance with Section 7.4, to receive Plan
                  benefits in the event of the Participant's death.

         (i)      "Board" means the Board of Directors of the Company.

         (j)      "Bonus Compensation" shall mean any Compensation payable in
                  cash to a Participant under any performance-related periodic
                  bonus or cash incentive arrangement to the extent the Company
                  declares such payment shall constitute Bonus Compensation for
                  purposes of this Plan.

         (k)      "Code" means the Internal Revenue Code of 1986, as amended
                  from time to time.

         (l)      "Company" means Ice Cream Partners USA, LLC, and any successor
                  corporation or business organization which shall assume the
                  duties and obligations of Ice Cream Partners USA, LLC under
                  this Plan.

         (m)      "Compensation" means for any Participant his Compensation
                  under the 401(k) Plan, except that such amount shall not be
                  subject to the Compensation Limit and shall not exclude,
                  except as otherwise provided herein, any deferrals under a
                  non-qualified deferred compensation arrangement, including
                  without limitation, this Plan. The amount of Compensation for
                  any taxable year shall be determined as of the last payroll
                  date of such year. In all respects, the amount of Compensation

                                       3
<PAGE>
                  shall be determined in accordance with the information
                  contained in the payroll records of the Company, a
                  Participating Employer or an Affiliate.

         (n)      "Compensation Limit" means the limitation on annual
                  compensation which may be taken into account under a tax
                  qualified retirement plan pursuant to Section 401(a)(17) of
                  the Code.

         (o)      "Crediting Date" means the end of each Crediting Period.

         (p)      "Crediting Period" means each calendar month, or such other
                  period (including but not limited to a day, a quarter or a
                  year) as the Company may select in its sole discretion from
                  time to time.

         (q)      "Deemed Matching Amount" means for each Participant, the
                  amounts credited on behalf of such Participant which match a
                  portion of his deferrals pursuant to Section 4.5.

         (r)      "Deferral Election" means the election made by a Participant
                  to defer a portion of his or her Compensation, in accordance
                  with Article 4.

         (s)      "Delayed Cessation Date" means Delayed Cessation Date as
                  defined in the 401(k) Plan.

         (t)      "Effective Date" means June 1, 2000.

         (u)      "Employee" means a common law employee of the Company or any
                  other Participating Employer, excluding persons whose services
                  are rendered solely as a director or independent contractor.

         (v)      "ERISA" means the Employee Retirement Income Security Act of
                  1974, as amended from time to time.

         (w)      "401(k) Limit" means the limitation on tax-deferred
                  contributions by a Participant to a tax qualified retirement
                  plan that may be made pursuant to Section 402(g) of the Code.

         (x)      "401(k) Make-Up Account" means for each Participant the
                  bookkeeping account maintained on his behalf to reflect his
                  401(k) Make-Up Amounts and all earnings and losses thereon.

         (y)      "401(k) Make-Up Amount" means for each Participant the portion
                  of his unpaid Compensation which is retained pursuant to
                  Section 4.2 hereof by the Participating Employer which employs
                  him (less any required FICA or other tax withholdings).

         (z)      "401(k) Plan" means the Ice Cream Partners USA 401(k) Savings
                  Plan and any replacement plan adopted by the Company.

                                       4
<PAGE>
         (aa)     "401(k) Plan Deferral Percentage" means shall mean with
                  respect to any Participant for any payroll period , the
                  percentage of his Compensation (as defined, for purposes of
                  this subsection, under the 401(k) Plan) which he has elected
                  to be treated as a before-tax contribution for such period
                  pursuant to Section 5.1 of the 401(k) Plan.

         (bb)     "Match Account" means for each Participant the bookkeeping
                  account maintained on his behalf to reflect his Deemed
                  Matching Amounts and all earnings and losses thereon.

         (cc)     "Parent Company" means either Nestle USA, Inc. or The
                  Pillsbury Company, or any affiliate of either of them which is
                  a participating employer in a Parent Company 401(k) Plan or
                  Parent Company Retirement Plan.

         (dd)     "Parent Company 401(k) Plan" means the following plans:

<TABLE>
<CAPTION>
                  Parent Company Plan                            Effective Date or Last Restatement Date
                  -------------------                            ---------------------------------------
<S>                                                              <C>
                  Pillsbury 401(k) Savings Plan                  Restated as of July 1, 1993
                  Nestle USA 401(k) Savings Plan                 Effective January 1, 1992
</TABLE>

         (ee)     "Parent Company Plan" means a Parent Company 401(k) Plan or a
                  Parent Company Retirement Plan.

         (ff)     "Parent Company Retirement Plan" means the following plans:

<TABLE>
<CAPTION>
                  Parent Company Plan                            Effective Date or Last Restatement Date
                  -------------------                            ---------------------------------------
<S>                                                              <C>
                  Pillsbury Retirement Plan                      Restated as of January 1, 1991
                  Nestle USA Retirement Plan                     Restated as of January 1, 1992
</TABLE>

         (gg)     "Parent Company Supplemental Plan" means the following
                  non-qualified deferred compensation plans of the Parent
                  Companies, but only to the extent they provide deferrals and
                  benefits which parallel those provided under the Parent
                  Company Plans.

                                       5
<PAGE>
                        Parent Company Supplemental Plan

         Pillsbury Nonqualified Deferral Plan for Pillsbury Management

         Pillsbury Supplemental Retirement Plan

         Nestle USA Top Executive Retirement Program

         Nestle USA Executive Savings Plan

         (hh)     "Participant" means any Employee who becomes a Participant in
                  accordance with Section 3.2.

         (ii)     "Participating Employer" means the Company and any Affiliate
                  or Related Employer which is or shall become a Participating
                  Employer in this Plan pursuant to Article 2 hereof.

         (jj)     "Pension Make-Up Account" means for each Participant the
                  bookkeeping account maintained on his behalf to reflect his
                  Pension Make-Up Amounts and all earnings and losses thereon.

         (kk)     "Pension Make-Up Amount" means for each Participant the
                  amounts credited on behalf of such Participant pursuant to
                  Section 4.8.

         (ll)     "Plan" means the Ice Cream Partners USA, Inc. Supplemental
                  Management Retirement & Savings Plan, as set forth herein, and
                  as may be amended from time to time.

         (mm)     "Plan Year" means the 12 consecutive month period beginning
                  each January 1 and ending each December 31, provided, however,
                  that the first Plan Year shall be a short Plan Year,
                  commencing on June 1, 2000 and ending on December 31, 2000.

         (nn)     "Retirement" means that the Participant experiences a Delayed
                  Cessation Date on or after the date on which he attains age
                  fifty-five (55) and has completed five (5) years of Vesting
                  Service (as defined in the 401(k) Plan) or, if earlier, he
                  experiences a Termination of Employment on or after the date
                  on which he attains age sixty-five (65).

         (oo)     "Retirement Distribution Date" means the date elected by a
                  Participant, in accordance with Section 7.2, as of which his
                  or her Accounts shall commence to be distributed if such
                  Accounts become distributable as a result of his or her
                  Retirement.

                                       6
<PAGE>
         (pp)     "Retirement Plan" means the Ice Cream Partners USA Retirement
                  Plan and any replacement plan adopted by the Company.

         (qq)     "Select Group Member" means a member of a select group of
                  management and highly compensated employees, within the
                  meaning of Sections 201(2), 301(a)(3), 401(a)(1) and
                  4021(b)(6) of ERISA.

         (rr)     "Severe Financial Hardship" means a financial hardship to a
                  Participant resulting from (i) an illness or accident of the
                  Participant or of his or her dependent (as defined in Code
                  Section 152(a)), (ii) the loss of a Participant's property due
                  to casualty, or (iii) other similar extraordinary and
                  unforeseeable circumstances arising as a result of events
                  beyond the control of the Participant. The circumstances that
                  would constitute a Severe Financial Hardship depend upon the
                  facts of each case, but, in any case, Severe Financial
                  Hardship shall not exist to the extent that such hardship is
                  or may be relieved (A) through reimbursement or compensation
                  by insurance or otherwise, (B) by liquidation of the
                  Participant's assets, to the extent the liquidation of such
                  assets would not itself cause severe financial hardship, or
                  (C) by cessation of deferrals under the Plan.

         (ss)     "Termination of Employment" means Termination of Employment as
                  defined in the 401(k) Plan.

         (tt)     "Termination of Participation" means the date as of which a
                  Participant's participation terminates as a result of an event
                  described in Section 3.3.

         (uu)     "Vested Accounts" shall mean for any Participant the portion
                  of his or her Accounts which have become vested and
                  nonforfeitable pursuant to Article 6 hereof.

1.4      Terms Defined in Other Documents

         Each capitalized term which is used herein, but is not defined herein,
shall have the meaning ascribed to it in the 401(k) Plan, unless the context
otherwise indicates.

                                       7
<PAGE>
                                   ARTICLE 2

                             PARTICIPATING EMPLOYERS

2.1      Designation of Participating Employers

         Any Affiliate or Related Company which is a Participating Employer
under the 401(k) Plan (either by virtue of being listed in Section 3.4 of the
401(k) Plan or by virtue of any other provisions thereof, including without
limitation the provisions concerning transfers of participants and subsidiaries
and related companies), shall automatically be a Participating Employer under
this Plan, unless otherwise determined by the Board of Directors of the Company
or the Board of Directors of the Affiliate. In the event that on any date any
Participating Employer ceases to be an Affiliate or a Participating Employer
under the NUSA Savings Plan, it shall automatically cease to be a Participating
Employer as of such date.

2.2      Adoption of Supplements

         The Company may, in the sole discretion of the Board, determine that
special provisions shall be applicable to specific groups of employees, former
employees or Beneficiaries, either in addition to or in lieu of the provisions
of this Plan, or may determine that certain employees otherwise eligible to
participate in this Plan shall not be eligible to participate in this Plan. In
such event, the Company shall adopt, as an amendment to this Plan pursuant to
Article 10, a Supplement with respect to the employees, former employees or
Beneficiaries which Supplement shall specify the employees, former employees or
Beneficiaries covered thereby and the special provisions applicable to such
employees, former employees or Beneficiaries. Any Supplements shall be deemed to
be a part of this Plan solely with respect to the employees, former employees or
Beneficiaries specified therein.

                                       8
<PAGE>
2.3      Amendment of Supplements

         The Company may from time to time, retroactively or prospectively,
amend, modify or terminate any Supplement, pursuant to Article 10 hereof.

2.4      Delegation of Authority

         The Company is hereby fully empowered to act on behalf of itself and
the other Participating Employers as it may deem appropriate in maintaining this
Plan. Furthermore, the adoption by the Company of any amendment to this Plan or
the termination thereof, will constitute and represent, without any further
action on the part of any Participating Employer, the approval, adoption,
ratification or confirmation by each Participating Employer of any such
amendment or termination. In addition, the appointment of or removal by the
Company of any Appeals Committee member, any Administrator, trustee, or other
person under this Plan shall constitute and represent, without any further
action on the part of any Participating Employer, the appointment or removal by
each Participating Employer of such person

                                       9
<PAGE>
                                   ARTICLE 3

                          ELIGIBILITY AND PARTICIPATION

3.1      Eligibility

         Participation in the Plan shall be limited to Employees who constitute
Select Group Members of the Company or any other Participating Employer, as
determined by the Administrator from time to time in its sole discretion. From
that group, the Company shall select and designate, in its sole discretion, the
Employees who shall be eligible to participate in the Plan, and may impose such
other eligibility requirements as it may determine in that regard. The Company
shall also determine in its sole discretion which types of deferrals,
allocations and accounts each such designated Employee is eligible to make,
receive or have under the Plan. Notwithstanding any other provision of this Plan
to the contrary, each such designated employee shall only be considered a
Participant under this Plan with respect to the types of deferrals, allocations
and accounts for which the Company has determined he is eligible.

3.2      Participation

         An Employee who is eligible to participate pursuant to Section 3.1
shall become a Participant in the Plan as of the date he or she makes a Deferral
Election with respect to his Compensation in accordance with Section 4.1 or 4.2
or, if earlier, the date he is designated as eligible to receive an allocation
under Section 4.8 or Article 5 hereof.

3.3      Termination of Participation

         A Participant shall incur a Termination of Participation, cease to be a
Participant, and become a former Participant, as of the earliest of the
following events:

                  (a)      his Termination of Employment under the 401(k) Plan;
                           and

                                       10
<PAGE>
                  (b)      the date of his transfer to any Affiliate or Related
                           Company which is not a Participating Employer;

                  (c)      the date the entity by which he is employed ceases to
                           be a Participating Employer hereunder; and

                  (d)      the date as of which the Administrator, in its sole
                           discretion, determines that he is not, or may not be,
                           a Select Group Member of the Company or another
                           Participating Employer; and

                  (e)      the date he ceases to be designated as eligible by
                           the Company.

                                       11
<PAGE>
                                   ARTICLE 4

                 DEFERRAL ELECTIONS AND DEEMED MATCHING AMOUNTS

4.1      Basic Deferral Amounts

         With respect to each Plan Year, each Participant, each Participant who
is designated as eligible to make deferrals under this Section may elect to
defer a portion of his Base Compensation and his Bonus Compensation. Any such
election shall be made in a stated whole percentage for Base Compensation and a
stated whole percentage for Bonus Compensation. A Participant's deferral
contributions for any Plan Year shall not exceed twenty-five percent (25%) of
his Base Compensation and eighty-five percent (85%) of his Bonus Compensation.

4.2      401(k) Make-Up Amounts

         With respect to each Plan Year, each Participant who is designated as
eligible to make deferrals under this Section may elect to defer under this
Plan, commencing at the time he has reached the Compensation Limit or his
deferrals under the 401(k) Plan have reached the Deferral Limit, a percentage of
his remaining Compensation for such Plan Year which is equal to his 401(k)
Percentage at the time such Compensation Limit or Deferral Limit is reached.

4.3      Method of Making Deferral Elections

         A Participant's election to make deferrals under this Section for a
Plan Year shall be made by completing and executing an election form (or by such
other manner as the Administrator may prescribe) prior to the beginning of the
Plan Year. Notwithstanding the foregoing, an individual who first becomes
eligible to become a Participant after the beginning of a Plan Year may, within
thirty (30) days after becoming eligible, make a deferral election

                                       12
<PAGE>
under this Section, but in no event shall such election apply to any
Compensation earned prior to the date such election is made.

4.4      Deferral Amounts

         A Participant's election to defer pursuant to 4.1 or 4.2 shall cause an
equivalent reduction in the Participant's Compensation to occur at the time such
amounts would otherwise be payable in accordance with his election under
Sections 4.1 or 4.2 hereof. An amount equal to the reductions in a Participant's
Compensation shall constitute a deferral amount hereunder and shall be credited
to such Participant's Basic Deferral Account (for deferrals under Section 4.1)
or 401(k) Make-Up Account (for deferrals under Section 4.2) as of the time and
in the manner provided under Article 6.

4.5      Withholding at the Time of Deferral

         The Company may withhold from any deferral such amount as may be
required for purposes of any applicable federal, state or local tax withholding,
including without limitation payment of Social Security and Medicare taxes. In
the event that any such taxes are withheld, the amount which would otherwise be
credited to a Participant's Basic Deferral Account or 401(k) Make-Up Account
shall be reduced by the amount of such withholding.

4.6      No Alteration of Deferrals

         A Participant's election to defer Compensation for a Plan Year shall be
irrevocable.

4.7      Deemed Matching Amounts

         For each payroll period, three percent (3%) of each Participant's Basic
Deferral Amount for such payroll period shall be deemed to be matched. In
addition, for each payroll period, an amount equal to the lesser of his 401(k)
Make-Up Amount for such payroll period and three

                                       13
<PAGE>
percent (3%) of his Compensation (calculated after deducting any Basic Deferral
Amount for such payroll period) shall be deemed to be matched.

4.8      Pension Make-Up Amounts

         With respect to each Plan Year, each Participant who is designated as
eligible to receive an allocation under this Section shall, commencing at the
time he has reached the Compensation Limit, have a percentage of his remaining
Compensation for such Plan Year which is equal to his Retirement Plan Percentage
for such Plan Year be credited hereunder as his Pension Make-Up Amount for such
Plan Year.

                                       14
<PAGE>
                                   ARTICLE 5

                           TOTAL RETIREMENT SUPPLEMENT

5.1      Total Retirement Supplement Credit

         The Company shall credit with respect to each Participant designated as
eligible to receive an allocation under this Article 5 the amount stated on
behalf of such Participant on the list maintained by the Administrator for such
purpose, which amount shall generally represent the present value determined as
of the Effective Date by the actuary appointed by the Company, of the difference
between:

                  (a)      the projected benefit at age 62 of the Participant's
                           aggregate retirement benefits under the Parent
                           Company Plans and Parent Company Supplemental Plans
                           (i.e., the amount such benefits would have been under
                           such plans had the Participant remained in the employ
                           of such Parent until age 62 and had then retired and
                           commenced receiving benefits in the form of a single
                           life annuity), over

                  (b)      his aggregate projected benefit at age 62 under the
                           401(k) Plan, the Retirement Plan, the Parent Company
                           Plans and Parent Company Supplemental Plans and this
                           Plan (disregarding the provisions of this Article)
                           (i.e., the amount such benefits would be under such
                           plans assuming the Participant remains in the employ
                           of the Company until age 62 and then retires and
                           commences receiving benefits in the form of a single
                           life annuity).

         All such calculations shall be performed by the actuary, utilizing the
assumptions determined by the Company in its sole discretion, which assumptions
shall include use of investment return assumption of 9.5% per annum and a
compensation increase assumption of 3% per annum.

         The only Participants who are eligible to receive an allocation under
this Section 5.1 shall be those Participants with base salary from a Parent
Company (plus in the case of Nestle USA, Inc. or any affiliate of it, any
management incentive compensation) in excess of one hundred

                                       15
<PAGE>
thousand dollars ($100,000) in 1999, who as of March 31, 2000 were active
employees of a Parent Company and participants in a Parent Company Plan.

                                       16
<PAGE>
                                   ARTICLE 6

                              ACCOUNTS AND VESTING

6.1      Establishment of Accounts

         With respect to each Participant, the Company or other Participating
Employer employing such Participant shall establish on its books and records a
Basic Deferral Account, 401(k) Make-Up Account, Match Account, Pension Make-Up
Account and Total Retirement Supplement Account in the name of each Participant
eligible therefor as of the first date any amount is to be credited to any such
Account pursuant to Section 6.2. All amounts credited to the Accounts of any
Participant or former Participant shall constitute a general, unsecured
liability of the Company and other Participating Employees, respectively, to
such person.

6.2      Crediting of Deferral Amounts, Deemed Matching Amounts, Pension Make-Up
         Amounts and Total Retirement Supplements

         Amounts shall be credited to the appropriate account at the following
times:

                  (a)      Deferrals under Section 4.1 or 4.2 shall be credited
                           to the Participant's Basic Deferral Account or 401(k)
                           Make-Up Account as of the time that the Participant's
                           Compensation is reduced pursuant to Section 4.1 or
                           4.2 hereof; and

                  (b)      Deemed Matching Amounts shall be credited to the
                           Participant's Match Account as of the time that the
                           Deferral Amount being matched is credited under this
                           Section 6.2.

                  (c)      Pension Make-Up Amounts shall be credited to the
                           Participant's Pension Make-Up Account as of the time
                           that the Participant's Compensation to which the
                           Pension Make-Up Amount relates is payable.

                  (d)      The amount to be credited pursuant to Section 5.1
                           with respect to any Participant shall be credited to
                           such Participant's Total Retirement Supplement
                           Account as of the Effective Date.

                                       17
<PAGE>
6.3      Crediting of Earnings.

         The Company and other Participating Employees, respectively, shall
credit each Account of each Participant as of each Crediting Date with interest
on the balance of such Account as of immediately prior to the end of such
Crediting Period applied and compounded monthly (or over any other applicable
Crediting Period). Subject to the power of amendment contained in Section 10.1
hereof, such interest shall be credited at such rate or rates as the Company
shall establish with respect to the Plan Year including such Crediting Period.
The Company may establish different rates for different groups of Participants
or former Participants or different Accounts. The Company shall announce the
rate or rates for a Plan Year prior to, or within thirty (30) days after, the
start of such Plan Year (or in the case of the first Plan Year, by July 31,
2000). Notwithstanding the foregoing, the interest crediting rate for the Total
Retirement Supplement Account shall be 9.5% per annum.

                                       18
<PAGE>
6.4      Vesting

                  Basic Deferral Account- A Participant shall be 100% vested in
                  amounts credited to his Basic Deferral Account.

                  401(k) Make-Up Account- A Participant shall be 100% vested in
                  amounts credited to his 401(k) Make-Up Account.

                  Match Account and Pension Make-Up Account- A Participant's
                  vested percentage in the amounts credited to his Match Account
                  and Pension Make-Up Account shall be determined on the basis
                  of his number of years of Vesting Service under the 401(k)
                  Plan, in accordance with the following table:

<TABLE>
<CAPTION>
                           Years of Vesting Service                Vested Percentage
                           ------------------------                -----------------
<S>                                                                     <C>
                           Less than 1 year                               0%

                           1 but less than 2 years                       20%

                           2 but less than 3 years                       40%

                           3 but less than 4 years                       60%

                           4 but less than 5 years                       80%

                           5 or more years                              100%
</TABLE>

                  Notwithstanding the foregoing to the contrary, (i) each
                  Participant shall be 100% vested in his Match Account and
                  Pension Make-Up Account if he remains employed by the Company
                  or any Affiliate until he attains age 65, dies or incurs a
                  Total and Permanent Disability (as defined in the 401(k)
                  Plan), and (ii) in the event a Participant had been or is a
                  participant under a Parent Company 401(k) Plan, his Vested
                  Percentage shall not be less than his vested percentage in his
                  match account under the Parent Company 401(k) Plan.

                                       19
<PAGE>
                  Total Retirement Supplement Account. A Participant's vested
                  percentage in the amounts credited to his Total Retirement
                  Supplement Account shall be determined on the basis of his Age
                  as of this Termination of Employment, in accordance with the
                  following table:

<TABLE>
<CAPTION>
                           Age                                         Vested Percentage
                           ---                                         -----------------
<S>                                                                    <C>
                           62                                                   100%
                           61                                                    93%
                           60                                                    86%
                           59                                                    79%
                           58                                                    72%
                           57                                                    65%
                           56                                                    58%
                           55                                                    51%
                           under 55                                               0%
</TABLE>

                                       20
<PAGE>
                                   ARTICLE 7

                             DISTRIBUTION ELECTIONS

7.1      Form of Distribution Election for Accounts Payable upon Retirement.

         (a)      In General. At the time an eligible Employee first becomes a
                  Participant hereunder, the Participant shall elect among the
                  following optional forms of distribution for his or her
                  Accounts if such Accounts become distributable as a result of
                  his or her Retirement:

                  (i)      a single lump sum payment;

                  (ii)     substantially equal quarterly installments over a
                           period of 5 years;

                  (iii)    substantially equal quarterly installments over a
                           period of 10 years; or

                  (iv)     substantially equal quarterly installments over a
                           period of 15 years.

         (b)      Failure to Make a Form of Distribution Election. If a
                  Participant fails to make an election as to the form of
                  distribution in accordance with this Section 7.1, he or she
                  shall receive distribution in the form of a single lump sum
                  payment.

         (c)      Changing the Form of Distribution Election. A Participant may
                  change his or her form of distribution election at any time,
                  provided such change occurs at least six months before the
                  Participant's Retirement. If such election is not made at
                  least six months before the Participant's Retirement, the most
                  recent election as to the form of distribution that was in
                  effect for at least six months before the Participant's
                  Retirement shall be deemed the Participant's effective
                  election as to the form of distribution.

7.2      Retirement Distribution Date Election.

         (a)      In General. At the time an eligible Employee first becomes a
                  Participant hereunder, the Participant shall elect his or her
                  Retirement Distribution Date, which may be as soon as
                  practicable after either his Retirement Date or any number of
                  months thereafter, but not greeter than 5 years after his
                  Retirement Date.

         (b)      Failure to Make a Retirement Distribution Date Election. If a
                  Participant fails to make a Retirement Distribution Date
                  election in accordance with this Section 7.2, distribution of
                  his or her Accounts shall commence as soon as practicable
                  after his or her Retirement.

                                       21
<PAGE>
         (c)      Changing the Retirement Distribution Date Election. A
                  Participant may change his or her Retirement Distribution Date
                  election at any time, provided such change occurs at least six
                  months before his or her Retirement. If such election is not
                  made at least six months before the Participant's Retirement,
                  the most recent Retirement Distribution Date election that was
                  in effect for at least six months before the Participant's
                  Retirement shall be deemed the Participant's effective
                  Retirement Distribution Date election.

7.3      Designation of Beneficiary.

         (a)      In General. A Participant may designate a Beneficiary to
                  receive Plan benefits in the event of the Participant's death.
                  In order for a Beneficiary designation to be effective, it
                  must be provided to the Administrator in accordance with
                  procedures established by the Administrator. Any designation
                  shall be revocable at any time through a written instrument
                  filed by the Participant with the Administrator (or by such
                  other means as the Administrator may prescribe).

         (b)      Failure to Designate a Beneficiary. If there is no Beneficiary
                  designation in effect at the time of a Participant's death,
                  then the Participant's Beneficiary shall be deemed to be the
                  person or persons in the first of the following classes in
                  which there are survivors of the Participant:

                  (i)      his or her spouse at the time of death;

                  (ii)     this or her issue, per stirpes;

                  (iii)    his or her parents;

                  (iv)     his or her siblings; or

                  (v)      the executor or administrator of his or her estate.

                                       22
<PAGE>
                                   ARTICLE 8

                                  DISTRIBUTIONS

8.1      Distribution upon Retirement.

         In the event that a Participant's Vested Accounts are distributable on
account of such Participant's Retirement, such Accounts shall be distributed in
accordance with the following provisions:

         (a)      Form of Distribution. For a Participant whose Vested Accounts
                  have an aggregate balance as of his or her Retirement
                  Distribution Date of at least $50,000, such Participant's
                  Vested Accounts shall be distributed in the form elected in
                  accordance with Section 7.1. A Participant whose Vested
                  Accounts have an aggregate balance as of his or her Retirement
                  Distribution Date of less than $50,000 shall receive
                  distribution of his or her Accounts in the form of a lump sum
                  payment, notwithstanding the Participant's election as to the
                  form of distribution made in accordance with Section 7.1.

         (b)      Timing of Distribution. For a Participant whose Vested
                  Accounts have an aggregate balance of less than $50,000 as of
                  his Retirement Date, such Participant's Vested Accounts shall
                  be distributed as soon as practicable after his Retirement
                  Date. For other Participants, distribution from the
                  Participant's Vested Accounts shall commence as soon as
                  practicable after the end of the calendar month in which
                  occurs the Participant's Retirement Distribution Date. For a
                  Participant whose Vested Accounts is to be distributed in
                  quarterly installments, the remaining quarterly installments
                  shall be paid as soon as practicable after the end of each
                  subsequent calendar quarter, until the last quarterly
                  installment has been paid.

         (c)      Death after Retirement. In the event a Participant who is
                  receiving quarterly installments dies after his or her
                  Retirement Distribution Date, the remainder of the
                  Participant's Vested Accounts shall be paid to the
                  Participant's Beneficiary in accordance with the Participant's
                  election as to the form of distribution made in accordance
                  with Section 7.1. Notwithstanding the foregoing, the
                  Beneficiary may request, subject to the Administrator's
                  consent and pursuant to such procedures as the Administrator
                  may establish, for the remainder of the Participant's Vested
                  Accounts to be distributed in the form of a lump sum payment.

                                       23
<PAGE>
8.2      Distribution upon Delayed Cessation Date for Reasons Other than
         Retirement

         For a Participant who experiences a Delayed Cessation Date for any
reason other than his or her Retirement, the Participant's Vested Accounts shall
be distributed in accordance with the following provisions:

         (a)      Form of Distribution. The Participant or, in the case of a
                  deceased Participant, his or her Beneficiary shall receive
                  distribution of the Participant's Vested Accounts in the form
                  of a lump sum payment.

         (b)      Timing of Distribution. Distribution of the Participant's
                  Vested Accounts shall be made as soon as practicable after the
                  end of the calendar quarter in which the Participant's Delayed
                  Cessation Date occurs.

8.3      Nonscheduled In-Service Withdrawal

         A Participant may elect to make a nonscheduled in-service withdrawal of
all or a portion of his or her Vested Accounts, but in no event less than One
Thousand Dollars ($1,000), in accordance with the following provisions:

         (a)      Restrictions and Penalty. A non-scheduled in-service
                  withdrawal is subject to the following restrictions and
                  penalty: (i) the Participant's election must be provided to
                  the Administrator in accordance with procedures established by
                  the Administrator; and (ii) any amount withdrawn shall be
                  subject to a (10%) early withdrawal penalty, which amount
                  shall be permanently forfeited by the Participant.

         (b)      Form of Distribution. Distribution of a nonscheduled
                  in-service withdrawal shall be made in the form of a lump sum
                  payment.

         (c)      Timing of Distribution. Distribution of a nonscheduled
                  in-service withdrawal shall be made as soon as practicable
                  after the date the nonscheduled in-service withdrawal election
                  is made, unless a later date is elected by the Participant.

                                       24
<PAGE>
8.4      Hardship Withdrawal.

         A Participant who suffers from a Severe Financial Hardship may elect to
make a withdrawal of all or a portion of his or her Vested Accounts, but in no
event less than One Thousand Dollars ($1,000), in accordance with the following
provisions:

         (a)      Restrictions. A Severe Financial Hardship withdrawal is
                  subject to the following restrictions: (i) the hardship
                  withdrawal must be made on account of Severe Financial
                  Hardship; and (ii) the Participant's election must be provided
                  to the Administrator in accordance with procedures established
                  by the Administrator.

         (b)      Form of Distribution. For a Participant who elects to make a
                  hardship withdrawal, distribution of such amount shall be made
                  in the form of a lump sum payment.

         (c)      Timing of Distribution. Distribution of a hardship withdrawal
                  shall be made as soon as practicable after the date the
                  hardship withdrawal election is approved by the Administrator.

8.5      Inability to Locate Participant.

         In the event that the Administrator is unable to locate a Participant
or Beneficiary within two years following the scheduled distribution date, the
amount allocated to the Participant's Accounts shall be forfeited. If, after
such forfeiture, the Participant or Beneficiary later claims such benefit, such
benefit shall be reinstated without interest or earnings from the date of
forfeiture, notwithstanding the earnings provisions of Section 5.3.

8.6      Forfeitures.

         As of a Participant's Termination of Employment, any amounts in his
Accounts which are not vested shall be forfeited.

                                       25
<PAGE>
8.7      Protective Distributions

         If the Administrator terminates a Participant's participation in the
Plan, in accordance with Section 3.3(d), the Administrator may, in its sole
discretion, treat as void any outstanding Deferral Election made by the
Participant and distribute the Participant's Vested Account in a lump sum
payment. Any such distribution shall be made at such time as the Administrator
determines in its sole discretion.

                                       26
<PAGE>
                                   ARTICLE 9

                      ADMINISTRATION AND CLAIMS PROCEDURES

9.1      Powers and Duties of the Administrator.

         The Administrator shall be responsible for the general administration
of the Plan and shall have all powers as may be necessary to carry out the
provisions of the Plan and may, from time to time, establish rules for the
administration of the Plan and the transaction of the Plan's business. The
Administrator may be a Participant(s). The Administrator's powers and duties
shall include all powers and duties otherwise set forth herein (expressly or by
implication) and also the power and duty:

         (a)      to enact such rules, regulations, and procedures and to
                  prescribe the use of such forms as it shall deem advisable;

         (b)      to appoint or employ such agents, attorneys, actuaries, and
                  assistants at the expense of the Company as it may deem
                  necessary to or appropriate keep its records or to assist it
                  in taking any other action authorized or required hereunder or
                  to otherwise delegate any of its powers or duties hereunder;
                  and

         (c)      to interpret the Plan, and to resolve ambiguities,
                  inconsistencies and omissions, to determine any question of
                  fact, to determine the right to benefits of, and the amount of
                  benefits, if any, payable to, any person in accordance with
                  the provisions of the Plan; and

         (d)      to take such other actions as may be necessary or desirable in
                  connection with the administration of the Plan and which are
                  not expressly delegated to some other party hereunder.

         The Administrator shall administer the terms and provisions of the Plan
in such manner as it determines shall be in accordance with any and all laws
applicable to the Plan.

9.2      Information.

         To enable the Administrator to perform its functions, the Company shall
supply full and timely information to the Administrator on all matters relating
to the Compensation of all

                                       27
<PAGE>
Participants, their death or other events which cause termination of their
participation in the Plan, and such other pertinent facts as the Administrator
may require.

9.3      Compensation and Expenses.

         No compensation or fee shall be paid to any employee of the Company's
the Company, a Participating Employer or an Affiliate who performs services as
the Administrator or a member of the Appeals Committee with respect to his or
her services for the Plan. However, the Administrator and members of the Appeals
Committee shall be reimbursed by the Company for expenses incurred in connection
with the Plan. In addition, any other fees and expenses incurred in connection
with the administration of the Plan shall be paid by the Company.

9.4      Limitation of Liability; Indemnification.

         (a)      Neither the Administrator nor any member of the Appeals
                  Committee shall be liable for any act taken by them pursuant
                  to any provision of the Plan. No member of the Appeals
                  Committee shall be liable for the act of any other member.

         (b)      In addition to any rights of indemnification the Administrator
                  or any member of the Appeals Committee may be entitled to
                  under the articles of incorporation, regulations or by-laws of
                  the Company, under any provision of law or under any other
                  agreement, the Company shall satisfy any liability actually
                  incurred by any employee of the Company the Company, a
                  Participating Employer or an Affiliate who performs services
                  as the Administrator or a member of the Appeals Committee,
                  including reasonable expenses and attorneys' fees, and any
                  judgments, fines, and amounts paid in settlement, in
                  connection with any threatened, pending or completed action,
                  suit or proceeding which is related to the exercise or failure
                  to exercise by such person any powers, authority,
                  responsibilities or discretion provided under the Plan or
                  reasonably believed by such member to be provided hereunder,
                  and any action taken by such person in connection therewith,
                  and shall hold any employee of the Company the Company, a
                  Participating Employer or an Affiliate who performs services
                  as the Administrator or a member of the Appeals Committee
                  harmless for such liability.

                                       28
<PAGE>
9.5      Claims.

         (a)      Claims for Benefits. A Participant or Beneficiary who believes
                  that he or she is being denied a benefit to which he or she is
                  entitled under the Plan (a "claimant") must file a written
                  application for such benefit with the Administrator, setting
                  forth his or her claim. The Administrator shall furnish a copy
                  of its written decision to the claimant within 90 days of its
                  receipt of such application.

         (b)      Denial of Benefits. If a claimant's application for benefits
                  is denied by the Administrator, in whole or in part, the
                  claimant shall be notified in writing of the specific reason
                  or reasons for the denial, the specific Plan provisions upon
                  which the denial is based, an explanation of the provisions of
                  the appeals and review procedures described in Section 9.5 and
                  any other information deemed necessary or advisable by the
                  Administrator.

         (c)      Establishment of Appeals Committee. The Board shall appoint
                  the Appeals Committee, which shall consist of at least three
                  members. Members of the Appeals Committee shall be employed by
                  the Company and may be, but shall not be required to be,
                  Participants. The Board may, from time to time, in its sole
                  discretion, vary the number of members of the Appeals
                  Committee. A member of the Appeals Committee may resign by
                  delivering a written notice of his or her resignation to the
                  Board, in care of the Company's Secretary. The Board may
                  remove any member, with or without cause, by delivering a
                  certified copy of its resolution of removal to such member.
                  Vacancies in the membership of the Appeals Committee shall be
                  filled promptly by the Board.

         (d)      Action by Appeals Committee. On all matters and questions, the
                  decision of the majority of the members of the Appeals
                  Committee shall govern and control, but a meeting need not be
                  called or held to make any decision. The Appeals Committee
                  shall appoint one of its members to act as its Chairman and
                  another member to act as its Secretary. The terms of these
                  offices shall be determined by the Appeals Committee. Any
                  notice served or demand made on the Secretary shall be deemed
                  to have been served or made upon the Committee.

         (e)      Appeals Procedure. If a claimant's application for benefits is
                  denied by the Administrator, in whole or in part, the claimant
                  may request that the Appeals Committee review the denial of
                  benefits. Such request for review must be made in writing and
                  must be made within 60 days of his or her receipt of such
                  denial.

         (f)      Review Procedure. The review of a claimant's denial of
                  benefits may be made by written briefs submitted by the
                  claimant and the Administrator, or at a hearing, or by both,
                  as shall be deemed necessary by the Appeals Committee. Any
                  such hearing shall be held in the main offices of the

                                       29
<PAGE>
                  Company or at such other location as shall be agreed upon
                  among the Administrator, the Appeals Committee and the
                  claimant. Such hearing shall be on such date and at such time
                  as the Appeals Committee shall designate, provided not less
                  than seven days notice is given to the claimant and the
                  Administrator, unless both parties accept shorter notice.

         (g)      Decision on Review. Within 60 days after the review of the
                  denial of benefits has been completed, the Appeals Committee
                  shall render its decision on the review. In making its
                  decision, the Appeals Committee shall have full power and
                  discretion to interpret the Plan and to resolve ambiguities,
                  inconsistencies and omissions, to determine any question of
                  fact, and to determine the right to benefits of, and the
                  amount of benefits, if any, payable to, the claimant in
                  accordance with the provisions of the Plan. The Appeals
                  Committee shall furnish a copy of its written decision on the
                  review to the claimant and the Administrator. The decision
                  shall include the specific reason or reasons for the decision,
                  the specific Plan provisions upon which the decision is based
                  and any other information deemed necessary or advisable by the
                  Appeals Committee.

         (h)      Decision Final and Binding. The decision of the Appeals
                  Committee on review shall be final and binding on the claimant
                  and the Administrator. The claims and review procedures set
                  forth in this Section 9.5 shall be the sole and exclusive
                  remedy available and shall be in lieu of all actions at law,
                  in equity, pursuant to arbitration or otherwise, except as
                  otherwise provided by law. Any suit brought to overturn a
                  decision of the Appeals Committee must be commenced within 90
                  days of the issuance of the written decision of the Appeals
                  Committee.

                                       30
<PAGE>
                                   ARTICLE 10

                            AMENDMENT AND TERMINATION

10.1     Power to Amend or Terminate.

         Although it is the intention of the Company that the Plan will operate
into the indefinite future, the Company reserves the right, by action of the
Board in its sole discretion, to retroactively or prospectively amend or
terminate the Plan or any Supplement at any time. The Company further reserves
the right, by action of the Board in its sole discretion, to freeze the Plan or
any Supplement at any time without causing the Participants' Accounts to be
distributed. In the event the Plan is terminated, the amounts allocated to a
Participant's Account shall be distributed to the Participant or, in the event
of his or her death, to the Participant's Beneficiary, in the form of a lump sum
payment as soon as practicable after the effective date of the termination. No
such amendment or termination shall reduce the amounts credited to any
Participant's Accounts or the vested portion of any Participant's Account, all
determined as of the date of such amendment or termination.

10.2     Protective Amendments Due to Change in Tax Laws

         Without limiting the generality of the amendment and termination
provisions in Section 10.1, the Company may, by action of the Board in its sole
discretion, unilaterally amend or modify the Plan to reflect changes in the
federal income tax consequences affecting either the Company or any Participant
or Beneficiary due to any of the following:

         (a)      the enactment or amendment of any federal tax or revenue law;

         (b)      a published ruling or similar announcement issued by the
                  Internal Revenue Service;

                                       31
<PAGE>
         (c)      the promulgation of any regulation by the Secretary of the
                  Treasury Department;

         (d)      a decision by a court of competent jurisdiction involving a
                  Participant or Beneficiary;

         (e)      a closing agreement made under Code Section 7121 that is
                  approved by the Internal Revenue Service and involves a
                  Participant; or

         (f)      any similar type of change.

Any such amendment or modification shall be consistent with the changes in
income tax consequences and may include the transfer of unanticipated income tax
burdens to Participants and Beneficiaries.

10.3     Change in Securities Laws.

         Without limiting the generality of the amendment and termination
provisions in Section 10.1, the Company may, by action of the Board in its sole
discretion, unilaterally amend, modify or terminate the Plan in accordance with
changes in the securities laws that would cause the Company to reasonably
believe that it would become required to register the Plan under the Securities
Act of 1933, as amended, or that it would become required to satisfy the
reporting requirements of the Securities and Exchange Act of 1934. Any such
amendment, modification or termination shall be consistent with the changes in
the securities laws and may include limiting the rights of individuals to make
deferrals, refunding deferred amounts, distributing Accounts or allowing
Participants to rescind Deferral Elections.

10.4     Binding Effect on Participating Employers

         Any and all amendments, including an amendment to freeze or terminate
the Plan, shall be made by the Company on behalf of all of the Participating
Employers and shall be binding on all such Participating Employers without their
consent.

                                       32
<PAGE>
                                   ARTICLE 11

                                      TRUST

11.1     Establishment of Trust.

         Notwithstanding any other provision or interpretation of this Plan, the
Company may establish a trust in which to hold cash, insurance policies or other
assets to be used to make, or reimburse the Company for, payments to the
Participants or Beneficiaries of all or part of the benefits under this Plan.
Any trust assets shall at all times remain subject to the claims of general
creditors of the Company in the event of its insolvency as more fully described
in the trust.

11.2     Obligation of the Company.

         Notwithstanding the fact that a trust may be established under Section
11.1, the Company shall remain liable for paying the benefits under this Plan.
However, any payment of benefits to a Participant or Beneficiary made by such a
trust shall satisfy the Company's obligation to make such payment to such
person.

11.3     Trust Terms.

         A trust established under Section 11.1 may contain such terms and
conditions as the Company may determine to be necessary or desirable. The
Company may terminate or amend a trust established under Section 11.1 at any
time, retroactively or prospectively and in any manner it deems necessary or
desirable, subject to the terms of any agreement under which any such trust is
established or maintained.

                                       33
<PAGE>
                                   ARTICLE 12

                                  MISCELLANEOUS

12.1     No Employment Rights; No Claims Against the Company.

         Nothing in the Plan shall be construed as giving to any Participant a
contract of continuing employment or in any manner obligate the Company to
continue the service of the Participant. Nothing in the Plan shall be construed
as giving to any Participant or Beneficiary any right in, or title to, any
assets, funds or property of the Company whatsoever including, without limiting
the generality of the foregoing, any specific funds or assets that the Company
may set aside in anticipation of a liability under the Plan.

12.2     Severability

         In the event that any provision or term of the Plan, or any agreement
or instrument required by the Administrator hereunder, is determined by a
judicial, quasi-judicial or administrative body to be void or not enforceable
for any reason, all other provisions or terms of the Plan or such agreement or
instrument shall remain in full force and effect and shall be enforceable as if
such void or nonenforceable provision or term had never been a part of the Plan,
or such agreement or instrument and the Company may, in its sole discretion,
amend the provision or term in a manner which it determines is valid and
enforceable and which most nearly carries out the intent and purpose of the
original provision.

12.3     Funding; Unsecured General Creditor

         It is the intention of the Company that the Plan be unfunded for
purposes of the Code and for purposes of Title 1 of ERISA. No assets of the
Company shall be held in any way as collateral security for the fulfilling of
the obligations of the Company under the Plan. No assets

                                       34
<PAGE>
of the Company shall be pledged or otherwise restricted in order to meet the
obligations of the Plan. The Company' obligation under the Plan shall be merely
that of an unfunded and unsecured promise of the Company to pay money in the
future, and the rights of the Participants and Beneficiaries shall be no greater
than those of unsecured general creditors.

12.4     Successors

         The terms and conditions of the Plan shall inure to the benefit of and
bind the Company, Participants, Beneficiaries and the successors, assigns and
personal representatives of the Participants and Beneficiaries.

12.5     Nonassignability

         A Participant's or Beneficiary's right to any amount credited to the
Participant's Accounts may not be sold, transferred, assigned, pledged,
anticipated, or otherwise encumbered in advance of actual receipt of
distribution of such amount and any attempt to so sell, transfer, assign,
pledge, anticipate or otherwise encumber such amount shall be void. No such
amount may be subject to seizure, garnishment, levy attachment or other
proceeding in law or in equity.

12.6     Withholding

         There shall be deducted from a Participant's Accounts all taxes that
are required to be withheld by the Company in respect to benefits under the
Plan. The Company shall have the right to reduce any deferral or distribution by
the amount of cash sufficient to provide the amount of said taxes.

12.7     Receipt or Release

         Any payment to a Participant or Beneficiary in accordance with the
provisions of the Plan shall, to the extent thereof, be in full satisfaction of
all claims against the Administrator, the

                                       35
<PAGE>
Appeals Committee and the Company. The Administrator may require such
Participant or Beneficiary, as a condition precedent to such payment, to execute
a receipt and release to such effect.

12.8     Payments on Behalf of Persons Under Incapacity

         In the event that any amount becomes payable under the Plan to a person
who, in the sole judgment of the Administrator, is considered by reason of
physical or mental condition to be unable to give a valid receipt therefor, the
Administrator may direct that such payment be made to any person found by the
Administrator, in its sole judgment, to have assumed the care of such person.
Any payment made pursuant to such determination shall constitute a full release
and discharge of the Administrator and the Company.

12.9     Governing Law

         The Plan shall be construed, governed and administered in accordance
with the laws of the State of Ohio to the extent not preempted by the laws of
the United States of America.

                                       36
<PAGE>
         IN WITNESS WHEREOF, the Company has caused the Plan to be executed by
their duly authorized officers on this 11th day of July, 2000.

                                  ICE CREAM PARTNERS USA, LLC
                                  (the "COMPANY")

                                  By: /s/Michelle M. Durmick
                                      -------------------------------------

                                  Title:  Vice President of Human Resources
                                          ---------------------------------

                                       37

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