Document:

Management Consulting Agreement dated as of November 21, 2003

 Exhibit 10.16 
  

			
	 	 	                     MANAGEMENT CONSULTING
 AGREEMENT dated as of November 21, 2003,
 between UAP HOLDING CORP., a Delaware
 corporation (the “Company”), and APOLLO
 MANAGEMENT V, L.P., a Delaware limited
 partnership (“Apollo”).

  
 The Company desires to
avail itself (and the surviving corporation (the “Surviving Corporation”)) of the proposed merger (the “Merger”) of the Company and United Agri Products, Inc., a Delaware corporation (“UAP”), of
Apollo’s expertise and consequently has requested that Apollo make such expertise available from time to time in rendering certain management consulting and advisory services related to the business and affairs of the Company, the Surviving
Corporation and their respective subsidiaries and affiliates and the review and analysis of certain financial and other transactions. Apollo and the Company (on behalf of itself and the Surviving Corporation) agree that it is in their respective
best interests to enter into this Agreement whereby, for the consideration specified herein, Apollo has provided and shall provide such services as independent consultant to the Company and the Surviving Corporation. 
  
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set
forth, the Company (on behalf of itself and the Surviving Corporation) and Apollo agree as follows: 
  
 Section 1. Retention of Apollo. 
  
 The Company (on behalf of itself and the Surviving Corporation) hereby retains Apollo, and Apollo accepts such retention, upon the terms and conditions
set forth in this Agreement. 
  
 Section 2. Term.

  
 This Agreement shall commence on the date hereof and,
unless otherwise extended pursuant to the final sentence of this Section 2, shall terminate on the seventh anniversary of the date hereof (the “Term”). Upon the fourth anniversary of the date hereof, and at the end of each year
thereafter (each of such fourth anniversary and the end of each year thereafter being a “Year End”), the Term shall automatically be extended for an additional year unless notice to the contrary is given by either party at least 30,
but no more than 60, days prior to such Year End, as applicable. 
  
 Section 3. Management Consulting Services. 
  
 (a) Apollo shall advise the Company (and after the Merger, the Surviving Corporation) concerning such management matters that relate to proposed financial transactions, acquisitions and other senior management matters
related to the business, 

 administration and policies of the Company, the Surviving Corporation and their subsidiaries and
affiliates, in each case as the Company (or after the Merger, the Surviving Corporation) shall reasonably and specifically request by way of written notice to Apollo, which notice shall specify the services required of Apollo and shall include all
background material necessary for Apollo to complete such services. Apollo shall devote such time to any such written request as Apollo shall deem, in its discretion, necessary. Such consulting services, in Apollo’s discretion, shall be
rendered in person or by telephone or other communication. Apollo shall have no obligation to the Company or the Surviving Corporation as to the manner and time of rendering its services hereunder, and neither the Company nor the Surviving
Corporation shall have any right to dictate or direct the details of the services rendered hereunder. 
  
 (b) The Company (on behalf of itself and the Surviving Corporation) acknowledges and agrees that Apollo (i) has structured the acquisition
and the other transactions (including without limitation the Merger) contemplated by the Stock Purchase Agreement dated as of October 29, 2003 by and among ConAgra Foods, Inc., a Delaware corporation, UAP and UAP Holding Corp., a Delaware
corporation (“Holding”), as amended (the “Purchase Agreement”), (ii) has arranged for financing in connection with the acquisition and the Merger, and (iii) has provided other services in connection with the
transactions contemplated by the Purchase Agreement, including without limitation consulting and other advisory services in connection with a potential offering on or after the date hereof (a “Debt Offering”) by the Company or the
Surviving Corporation and/or their subsidiaries or affiliates of debt securities in reliance on Rule 144A or Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). Apollo agrees to continue to provide
services to the Company (and, after the Merger, the Surviving Corporation) in connection with the consummation of the transactions contemplated by the Purchase Agreement and each of the documents referred to therein. 
  
 (c) Apollo shall perform all services to be provided
hereunder as an independent contractor to the Company (and, after the Merger, the Surviving Corporation) and not as an employee, agent or representative of the Company or the Surviving Corporation. Apollo shall have no authority to act for or to
bind the Company or the Surviving Corporation, without its prior written consent. 
  
 (d) This Agreement shall in no way prohibit Apollo or any of its partners or Affiliates or any director, officer, partner or employee of
Apollo or any of its partners or Affiliates from engaging in other activities, whether or not competitive with any business of the Company, the Surviving Corporation or any of their respective subsidiaries or affiliates. 
  
 Section 4. Compensation. 
  
 (a) As consideration for Apollo’s agreement to render
the services set forth in Section 3(a) of this Agreement and as compensation for any such services rendered by Apollo, the Company (on behalf of itself and the Surviving Corporation) agrees to pay to Apollo an annual fee of $1,000,000.00, payable in
equal quarterly installments of $250,000.00 each on the first day of each fiscal quarter (or, if such date is not a business day, on the next business day thereafter). 
  

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 (b) As consideration for services rendered and Apollo’s agreement to render services
as set forth in Section 3(b), the Company (on behalf of itself and the Surviving Corporation) agrees to pay to Apollo a fee of $5,000,000.00, which shall be earned and payable upon the filing of a registration statement on Form S-4 with the
Securities and Exchange Commission (the “SEC”) with respect to an exchange offer for debt securities issued in connection with a Debt Offering; provided, however, that if (i) the Form S-4 has not been filed with the SEC by January 15, 2004
and (ii) Apollo has continued to provide consulting and other advisory services in connection with the potential Debt Offering through such date, then the fee will be earned and payable on such date. 
  
 (c) Upon presentation by Apollo to the Company (or, after
the Merger, the Surviving Corporation) of such documentation as may be reasonably requested by the Company (or, after the Merger, the Surviving Corporation), the Company (or, after the Merger, the Surviving Corporation) shall reimburse Apollo for
all out-of-pocket expenses, including, without limitation, legal fees and expenses, and other disbursements incurred by Apollo, its Affiliates or any of its Affiliates’ directors, officers, employees or agents in the performance of
Apollo’s obligations hereunder, whether incurred on or prior to the date hereof, including, without limitation, out-of-pocket expenses incurred in connection with the transactions contemplated by the Purchase Agreement and each of the documents
referred to therein. 
  
 (d) Nothing in this
Agreement shall have the effect of prohibiting Apollo or any of its Affiliates from receiving from the Company (or, after the Merger, the Surviving Corporation) or any of their subsidiaries or Affiliates any other fees, including any fee payable
pursuant to Section 6. 
  
 (e) Reference is made
to the (i) Credit Agreement, to be entered into simultaneously with consummation of the transactions contemplated by the Purchase Agreement (as amended, restated, modified or supplemented and in effect from time to time, the “Credit
Agreement”), dated as of November 24, 2003 and entered into by and among UAP, United Agri Products Canada, Inc., an entity organized under the federal laws of Canada, the other persons designated as “Credit Parties” on the
signature pages thereto, the financial institutions who are or hereafter become parties to the Credit Agreement as Lenders, General Electric Capital Corporation, a Delaware corporation, as the initial L/C Issuer and as Agent and GE Canada Finance
Inc., an entity organized under the federal laws of Canada, and (ii) the Bridge Loan Agreement, to be entered simultaneously with consummation of the transactions contemplated by the Purchase Agreement (as amended, restated, modified or supplemented
and in effect from time to time, the “Bridge Loan Agreement”), dated as of November 24, 2003, among United Agri Products, Inc., as Borrower, the other persons that are designated as Guarantors, as Guarantors, the Lenders from time
to time a party thereto, UBS Securities LLC, as Arranger and UBS AG, Stamford Branch, as Administrative Agent. Any portion of the fees payable to Apollo under this Agreement which the Company (or, after the Merger, the Surviving Corporation) is
prohibited from paying to Apollo under any agreement governing indebtedness of the Company (or, after the Merger, the Surviving Corporation) having an outstanding principal amount of $50,000,000.00 or more, including, without limitation, the Credit
Agreement and/or the Bridge Loan Agreement (collectively, the “Debt Instruments”), shall be deferred, shall accrue and shall be payable at the earliest time permitted under such Debt Instruments or upon the payment in full of all
obligations under such Debt Instruments. The Company (or, after the Merger, the 
  

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 Surviving Corporation) shall notify Apollo if the Company or the Surviving Corporation, as the case may
be, shall be unable to pay any fees pursuant to the Debt Instruments, on each date on which the Company (or, after the Merger, the Surviving Corporation) would otherwise make a payment of fees under this Agreement to Apollo. 
  
 Section 5. Indemnification. 
  
 The Company (on behalf of itself and the Surviving Corporation) agrees that
it shall indemnify and hold harmless Apollo, its Affiliates and its Affiliates’ directors, officers, employees and agents (collectively, the “Indemnified Persons”) on demand from and against any and all liabilities, costs,
expenses and disbursements (collectively, “Claims”) of any kind with respect to or arising from this Agreement or the performance by any Indemnified Person of any services in connection herewith. Notwithstanding the foregoing
provision, neither the Company nor the Surviving Corporation shall be liable for any Claim under this Section 5 arising from the willful misconduct of any Indemnified Person. 
  
 Section 6. Other Services. 
  

If the Company (or, after the Merger, the Surviving Corporation) shall determine that it is advisable for the Company (or, after the Merger, the
Surviving Corporation) to hire a financial advisor, consultant, investment banker or any similar agent in connection with any merger, acquisition, disposition, recapitalization, issuance of securities, financing or any similar transaction, it shall
notify Apollo of such determination in writing. Promptly thereafter, upon the request of Apollo, the parties shall negotiate in good faith to agree upon appropriate services, compensation and indemnification for the Company (or, after the Merger,
the Surviving Corporation) to hire Apollo or its Affiliates for such services. The Company (or, after the Merger, the Surviving Corporation) may not hire any person, other than Apollo or its Affiliates, for any services, unless (a) the parties are
unable to agree after 30 days following receipt by Apollo of such written notice, (b) such other person has a reputation that is at least equal to the reputation of Apollo in respect of such services, (c) ten business days shall have elapsed after
the Company (or, after the Merger, the Surviving Corporation) provides a written notice to Apollo of its intention to hire such other person, which notice shall identify such other person and shall describe in reasonable detail the nature of the
services to be provided, the compensation to be paid and the indemnification to be provided and (d) the compensation to be paid is not more than Apollo was willing to accept in the negotiations described above, and (e) the indemnification to be
provided is not more favorable to the Company (or, after the Merger, the Surviving Corporation) than the indemnification that Apollo was willing to accept in the negotiations described above. In the absence of an express agreement to the contrary,
at the closing of any merger, acquisition or similar transaction, Apollo shall receive a fee equal to 1% of the aggregate enterprise value paid or provided by the Company (or, after the Merger, the Surviving Corporation) (including the aggregate
value of (x) equity securities, warrants, rights and options acquired or retained, (y) indebtedness acquired, assumed or refinanced and (z) any other consideration or compensation paid in connection with such transaction). 
  

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 Section 7. Notices. 
  
 All notices, requests, consents and other communications hereunder shall be in writing and shall be deemed sufficient if
personally delivered, sent by nationally-recognized overnight courier, by telecopy, or by registered or certified mail, return receipt requested and postage prepaid, addressed as follows: 
  
 if to Apollo, to: 
  
 Apollo Investment Fund V, L.P. 
 c/o Apollo
Management, L.P. 
 1301 Avenue of the Americas 
 38th Floor 
 New York, New York 10019 
 Attention: Marc Becker 
 Telecopier: (212)
515-3264 
  
 if to the Company (or, after the Merger, the
Surviving Corporation), to it at: 
  
 c/o Apollo Management, L.P.

 1301 Avenue of the Americas 
 38th Floor 
 New York, New York 10015 
 Attention: Marc Becker 
 Telecopier: (212) 515-3264 
  
 or to such other address as the party to whom notice is to be given may have furnished to each other party in writing in accordance herewith. Any such notice or
communication shall be deemed to have been received (a) in the case of personal delivery, on the date of such delivery, (b) in the case of nationally-recognized overnight courier, on the next business day after the date when sent, (c) in the case of
telecopy transmission, when received, and (d) in the case of mailing, on the third business day following that on which the piece of mail containing such communication is posted. 
  
 Section 8. Benefits of Agreement. 
  
 This Agreement shall bind and inure to the benefit of Apollo, the Company, the Surviving Corporation, the Indemnified
Persons and any successors to or assigns of Apollo, the Company and the Surviving Corporation; provided, however, that this Agreement may not be assigned by either party hereto without the prior written consent of the other party,
which consent will not be unreasonably withheld in the case of any assignment by Apollo. 
  
 Section 9. Governing Law. 
  
 This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York (without giving effect to principles of conflicts of laws). 
  

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 Section 10. Headings. 
  
 Section headings are used for convenience only and shall in no way affect the construction of this Agreement. 
  
 Section 11. Entire Agreement; Amendments. 
  
 This Agreement contains the entire understanding of the parties with respect
to its subject matter, and neither it nor any part of it may in any way be altered, amended, extended, waived, discharged or terminated except by a written agreement signed by each of the parties hereto.  
  
 Section 12. Counterparts. 
  
 This Agreement may be executed in counterparts, and each such counterpart
shall be deemed to be an original instrument, but all such counterparts together shall constitute but one agreement. 
  
 Section 13. Waivers. 
  
 Any party to this Agreement may, by written notice to the other party, waive any provision of this Agreement. The waiver by any party of a breach of any
provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach. 
  
 Section 14. Affiliates. 
  
 For purposes of this Agreement, the term “Affiliate,” with respect to Apollo, shall include, without limitation, Apollo Investment Fund V, L.P.,
Apollo Netherlands Partners V(A), L.P., Apollo Netherlands Partners V(B), L.P., Apollo German Partners V GMBH & Co., Apollo Overseas Partners V, L.P., Apollo Advisors V, L.P., and Apollo Capital Management V, Inc. (collectively, the
“Funds”), the general partner of Apollo, the general partner of each of the Funds and each person controlling, controlled by or under common control with any of the foregoing persons. 
  
  

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 IN WITNESS WHEREOF, the parties have duly executed this Management Consulting Agreement as of the
date first above written. 
  

					
	UAP HOLDING CORP.
		
	By:	 	/s/ Todd Suko
	 	 	

	 	 	Name:	 	Todd Suko
	 	 	Title:	 	Secretary
	
	APOLLO MANAGEMENT V, L.P.
	
	By: Apollo Management V, L.P., its Manager
	
	By: AIF V Management, Inc., its General Partner
		
	By:	 	/s/    Marc Becker        
	 	 	

	 	 	Name:	 	Marc Becker
	 	 	Title:	 	Authorized Representative2003 Deferred Compensation Plan

 Exhibit 10.17 
  
 UAP HOLDING CORP. 
 2003 DEFERRED COMPENSATION PLAN 
  
 The UAP
Holding Corp. 2003 Deferred Compensation Plan (the “Plan”) has been adopted by UAP Holding Corp., a corporation organized under the laws of the state of Delaware, effective as of the Effective Date (as hereinafter defined), for the
benefit of its eligible employees. The Plan is a nonqualified deferred compensation plan pursuant to which the Company (as hereinafter defined) and its Affiliates may defer compensation on behalf of certain employees. The Plan is maintained
primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees, within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as
amended. 
  
 ARTICLE I 
  
 DEFINITIONS 
  
 The following words and phrases used in this Plan shall have the respective meanings set forth below unless the context
clearly indicates to the contrary. Wherever appropriate herein, words used in the singular shall be considered to include the plural, words used in the plural shall be considered to include the singular, and the masculine gender shall be deemed to
include the feminine gender. 
  
 Section 1.1
“Administrator” shall mean the Company acting through the Board or any Person to whom it delegates its authority pursuant to Article VI. 
  
 Section 1.2 “Affiliate” shall mean with respect to any Person, any other Person that, directly or indirectly through one or more
intermediaries Controls, is Controlled by, or is under common Control with, such Person and/or one or more Affiliates thereof. The term “Control” includes, without limitation, the possession, directly or indirectly, of the power to direct
the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. The term “Affiliate” shall not include at any time any portfolio companies of Apollo Management V, L.P. or its
Affiliates. 
  
 Section 1.3 “Board” shall mean
the Board of Directors of the Company. 
  
 Section 1.4
“Cause” shall mean: (a) if a Participant is at the time of termination a party to an employment or retention agreement with the Company which defines such term, the meaning given therein, and (b) in all other cases, a
Participant’s (i) commission of a crime of moral turpitude or a felony that involves financial misconduct or moral turpitude or has resulted, or reasonably could be expected to result, in any adverse publicity regarding the Participant or the
Company or economic injury to the Company, (ii) dishonesty or willful commission or omission of any action that has resulted, or reasonably could be expected to result, in any adverse publicity regarding the Participant or the Company or has caused,
or reasonably could be expected to cause, demonstrable and serious economic injury to the Company or (iii) material breach of this Agreement or any other agreement entered into between the Participant and the Company or any of its subsidiaries or
Affiliates after notice and a reasonable opportunity to cure 
  

 (if such breach can be cured). For purposes hereof, no act or omission shall be considered willful unless committed in
bad faith or without a reasonable belief that the act or omission was in the best interests of the Company. For purposes of this Agreement, “without Cause” shall mean a termination by the Company of the Participant’s employment during
such Participant’s Employment Period (as defined in such Participant’s Retention Agreement) for any reason other than a termination based upon Cause, death or Disability (as defined in such Participant’s Retention Agreement).

  
 Section 1.5 “Closing Date” shall mean the
date on which the Proposed Acquisition is consummated. 
  
 Section
1.6 “Common Stock” shall mean shares of Company’s common stock, par value $0.001 per share. 
  
 Section 1.7 “Company” shall mean UAP Holding Corp., a Delaware corporation. 
  
 Section 1.8 “Deferred Common Stock Unit” shall mean the right of a Participant to receive one share of
Common Stock as of the Distribution Date in accordance with Article V. 
  
 Section 1.9 “Deferred Compensation Account” of a Participant shall mean the bookkeeping account established on behalf of the Participant in accordance with Section 3.1. 
  
 Section 1.10 “Deferred Preferred Stock Unit” shall mean the
right of a Participant to receive one share of Preferred Stock as of the Distribution Date in accordance with Article V. 
  
 Section 1.11 “Distribution Date” shall mean the date on which the event described in Section 5.1 shall occur. 
  
 Section 1.12 “Effective Date” means the effective date of
the Plan which shall be the Closing Date. 
  
 Section 1.13
“Exit Event” shall be deemed to have occurred (i) at any time after the consummation of an initial public offering of Common Stock of the Company under the Securities Act of 1933, as amended, if, at such time, any person (as defined
in Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended), other than the Investors and their Affiliates, shall directly or indirectly acquire more than 30% of the voting power of the Common Stock (on a fully-diluted basis) of the
Company, (ii) at any time prior to the consummation of an initial public offering of Common Stock of the Company under the Securities Act of 1933, as amended, if, at such time, any person (as defined in Section 13(d)(3) of the Securities and
Exchange Act of 1934, as amended), other than the Investors and their Affiliates, shall directly or indirectly acquire more than 50% of the voting power of the Common Stock (on a fully-diluted basis) of the Company, (iii) upon consummation of a
merger or consolidation of the Company into or with another corporation in which the shareholders of the Company immediately prior to the consummation of such transaction shall own less than 50% of the voting securities of the surviving corporation
(or the parent corporation of the surviving corporation where the surviving corporation is wholly-owned by the parent corporation) immediately following the consummation of such transaction, (iv) the sale, transfer or lease (but not including a
transfer or lease by pledge or mortgage to a bona fide lender) of all or substantially all of the assets of the Company or (v) any change of control (or similar event, however denominated) with respect to the Company shall 
  

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 occur under and as defined in any indenture or agreement to which the Company or any of its subsidiaries is a party with
respect to indebtedness for borrowed money in the excess of the aggregate principal amount of $100,000,000. 
  
 Section 1.14 “Fund” shall have the meaning set forth in Section 3.4. 
  
 Section 1.15 “Good Reason” shall mean (i) the assignment to the Participant of any duties inconsistent in
any respect with the Participant’s position (including status, offices, titles and reporting requirements), authority, duties or responsibilities as contemplated by Section 2(a) of such Participant’s Retention Agreement or any other action
by the Company which results in a material diminution in such position, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company
promptly after receipt of notice thereof given by the Participant, (ii) without limiting the generality of the foregoing, any material breach by the Company or any of its subsidiaries or other Affiliates of (a) this Agreement or (b) any other
agreement between the Participant and the Company or any such subsidiary or other Affiliate, which material breach is not remedied by the Company promptly after receipt of notice thereof given by the Participant or (iii) any other events set forth
on the signature page to such Participant’s Retention Agreement; provided, however, that the Participant agrees not to terminate his employment for Good Reason if, after notice and a reasonable opportunity to cure, the Company has
remedied such facts and circumstances constituting Good Reason. 
  
 Section 1.16 “Investors” shall mean Apollo Investment Fund V, L.P., a Delaware limited partnership, Apollo Overseas Partners V, L.P., a Cayman Islands exempted limited partnership, or any investment fund managed by Apollo
Management V, L.P. or any of its Affiliates, and any of its successors and assigns. 
  
 Section 1.17 “Investors’ Common Stock Investment Ratio” shall mean, as of the Closing Date, the ratio of (a) the aggregate value as of such date of shares of Common Stock purchased (directly or
indirectly) by the Investors as of the Closing Date to (b) the sum of (i) the aggregate value as of such date of shares of Common Stock purchased (directly or indirectly) by the Investors as of the Closing Date and (ii) the aggregate value as of
such date of shares of Preferred Stock purchased (directly or indirectly) by the Investors as of the Closing Date. 
  
 Section 1.18 “Investors’ Common Stock Acquisition Consideration” shall mean the acquisition consideration per share of Common Stock
paid by the Investors as of the Closing Date, subject to appropriate adjustment by the Administrator for stock splits, stock dividends, combinations and similar transactions. 
  
 Section 1.19 “Investors’ Preferred Stock Investment Ratio” shall mean, as of the Closing Date, the
ratio of (a) the aggregate value as of such date of shares of Preferred Stock purchased (directly or indirectly) by the Investors as of the Closing Date to (b) the sum of (i) the aggregate value as of such date of shares of Common Stock purchased
(directly or indirectly) by the Investors as of the Closing Date and (ii) the aggregate value as of such date of shares of Preferred Stock purchased (directly or indirectly) by the Investors as of the Closing Date. 
  

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 Section 1.20 “Investors’ Preferred Stock Acquisition Consideration” shall mean the
acquisition consideration per share of Preferred Stock paid by the Investors as of the Closing Date, subject to appropriate adjustment by the Administrator for stock splits, stock dividends, combinations and similar transactions. 
  
 Section 1.21 “Participant” shall mean any person included in
the Plan as provided in Article II. 
  
 Section 1.22
“Person” shall be construed broadly and shall include, without limitation, an individual, a partnership, a corporation, an association, a joint stock company, a limited liability company, a trust, a joint venture, an unincorporated
organization and a governmental entity or any department, agency or political subdivision thereof. 
  
 Section 1.23 “Plan” shall mean the UAP Holding Corp. 2003 Deferred Compensation Plan, as set forth in this document and as it may
hereafter be amended from time to time. 
  
 Section 1.24
“Preferred Stock” shall mean shares of any class of the Company’s Series B Redeemable Preferred Stock, par value $0.001 per share. 
  
 Section 1.25 “Proposed Acquisition” shall mean that certain proposed acquisition of the capital stock of United Agri Products, Inc. and
one or more of its Affiliates by the Investors. 
  
 Section 1.26
“Proposed Acquisition Agreement” shall mean the agreement effectuating the Proposed Acquisition, as it may be revised or amended from time to time. 
  
 Section 1.27 “Proposed Investor Rights Agreement” shall mean that certain Investor Rights Agreement to be
entered into in connection with the Proposed Acquisition, as it may be revised or amended from time to time. 
  
 Section 1.28 “Retention Agreement” with respect to any Person shall mean the Retention Agreement dated as of the Closing Date between
such Person and the Company or any other agreement entered into between any Person and the Company which sets forth all, or a portion of, the terms of such Person’s employment or other relationship with the Company. 
  
 Section 1.29 “Retention Bonus” shall mean that portion of
consideration received by a Participant on the Closing Date, or on any other date upon which a Participant’s Retention Agreement otherwise becomes effective, that is credited to such Participant’s Deferred Compensation Account in
accordance with Section 2.2 of the Plan. 
  
 Section 1.30
“Subsidiary” means “Subsidiary Corporation,” as such term is defined in Section 424(f) of the Internal Revenue Code of 1986, as amended. 
  
 Section 1.31 “Termination of Employment” shall mean the time when the employee-employer relationship
between the Participant and the Company or any of its Affiliates is terminated for any reason, with or without Cause, including, but not by way of limitation, a termination by resignation, discharge, disability, death or retirement, but excluding
transfers among and between the Company and any Affiliate of the Company. 
  

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 ARTICLE II 
  
 ARTICIPATION 
  
 Section 2.1 Participation. Unless otherwise determined by the Administrator in its sole discretion, each employee of the Company who is a party to
a Retention Agreement and is actively employed by the Company or any of its Affiliates shall be eligible to participate in the Plan. 
  
 Section 2.2 Deferred Compensation Account. In accordance with the terms set forth in the Retention Agreement, on the Closing Date, each
Participant’s Deferred Compensation Account shall be credited with such Participant’s Retention Bonus in such amount as is set forth on the signature page to such Participant’s Retention Agreement. 
  
 ARTICLE III 
  
 PARTICIPATION 
  
 Section 3.1 Deferred Compensation Accounts. 
  
 (a) The Administrator shall establish and maintain for each Participant a Deferred Compensation Account to which shall be (i) credited the
amounts determined under Section 3.1(b), (ii) credited amounts determined under Section 4.2 and (iii) debited the amount of any distributions under the Plan. 
  
 (b) As of the Closing Date, each Participant’s Deferred Compensation Account shall be credited with the
amount set forth in his Retention Agreement. Notwithstanding any other provision of this Plan, no amount shall be credited to any Participant’s Deferred Compensation Account prior to the Closing Date. 
  
 Section 3.2 Designation of Beneficiary. Each Participant shall have
the right to designate, revoke and redesignate beneficiaries hereunder and to direct payment of the amount or distribution of the items credited to his Deferred Compensation Account to such beneficiaries upon his death. Designation, revocation and
redesignation of beneficiaries shall be made on such form as shall be designated by the Administrator and shall be effective upon delivery to the Administrator. 
  

Section 3.3 Assignments Prohibited. No part of a Participant’s Deferred Compensation Account shall be liable for the debts, contracts or
engagements of any Participant, his beneficiaries or successors in interest, or be taken in execution by levy, attachment or garnishment or by any other legal or equitable proceeding, nor shall any such person have any rights to alienate,
anticipate, commute, pledge, encumber or assign any benefits or payments hereunder in any manner whatsoever except to designate a beneficiary as provided herein. 
  
 Section 3.4 Fund. The Administrator, unless otherwise required by law, shall establish a fund (the
“Fund”) containing assets equal to the amounts credited to Participants’ Deferred Compensation Accounts, and shall elect, unless otherwise required by law, to designate a trustee to hold the Fund in trust; provided,
however, that such Fund shall remain a general asset 
  

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 of the Company subject to the rights of creditors of the Company in the event of the Company’s bankruptcy or
insolvency as defined in any such trust. 
  
 ARTICLE IV 

 
 DEEMED INVESTMENTS 
  
 Section 4.1 Deferred Stock Units. Unless otherwise required by law, as
of the Closing Date each Participant’s Deferred Compensation Account shall be deemed to be invested in: 
  
 (a) That number of Deferred Common Stock Units equal to the ratio of (i) such Participant’s Retention Bonus to (ii) the
Investors’ Common Stock Acquisition Consideration; and 
  
 (b) That number of Deferred Preferred Stock Units equal to the ratio of (i) such Participant’s Retention Bonus to (ii) the Investors’ Preferred Stock Acquisition Consideration. 
  
 Section 4.2 Dividend Equivalents. As of the date the Company pays any
dividend (other than cash dividends) on shares of Common Stock or Preferred Stock, each Participant’s Deferred Compensation Account shall be credited with that number of Deferred Common Stock Units or Deferred Preferred Stock Units, as
applicable, equal to the ratio of (i) the aggregate value of the dividend that would have been payable on the respective units held by such Participant immediately prior such payment date had the shares of Common Stock or Preferred Stock represented
by the respective units been outstanding as of such payment date to (ii) the Fair Market Value of the shares of Common Stock or Preferred Stock, as applicable (determined in accordance with the Proposed Investor Rights Agreement). 
  
 Section 4.3 Forfeiture. Notwithstanding any other provision of the
Plan, a Participant’s Deferred Compensation Account shall be forfeited if, and to the extent that, there occurs a Termination of Employment either (i) as a result of such Participant’s voluntary resignation from the Company during the
twelve months following the Closing Date other than for Good Reason (other than pursuant to clause (i) of the definition of Good Reason) or (ii) for Cause. 
  
 Section 4.4 Non-Consummation of Proposed Acquisition. Notwithstanding any other provision of the Plan (a) in the event that the Proposed
Acquisition Agreement is not fully consummated by the parties thereto on or prior to February 28, 2004, the Plan will terminate as of February 28, 2004 and (b) in the event that the Proposed Acquisition Agreement is terminated in accordance with its
terms prior to the Closing Date, the Plan will terminate as of the effective date of such termination, and in each such case all Retention Bonuses shall become void and of no effect as of the date of Plan termination. 
  
 ARTICLE V 
  
 BENEFITS 
  
 Section 5.1 Time of Distribution. 
  

 6 

 (a) Each Participant’s Deferred Compensation Account, to the extent not previously
forfeited pursuant to Section 4.3, shall be distributed to the Participant (or his beneficiaries, as applicable), less any amounts required to be withheld by applicable law, upon (or as soon as reasonably practicable following) the earlier to
occur following the Closing Date of (i) the Participant’s Termination of Employment, (ii) an Exit Event or (iii) as set forth in Section 5.1(b) or Section 5.1(c) below. 
  
 (b) Notwithstanding anything to the contrary contained
herein, if a Participant has the right to transfer shares of Common Stock and/or Preferred Stock pursuant to the exercise of tag along rights or piggyback registration rights in accordance with Section 2(a) and Section 4(a), respectively, of the
Proposed Investor Rights Agreement, then the Company will issue and distribute to the Participant the following: 
  
 (i) with respect to the Common Stock, a number of shares equal to the maximum number of shares of Common Stock that the Participant is
entitled to sell in such public offering (after giving effect to the cutback provisions contained in Section 4(b) of the Proposed Investor Rights Agreement) or tag along transaction, as applicable; and/or 
  
 (ii) with respect to the Preferred Stock, a number of shares
Preferred Stock equal to the maximum number of shares of Preferred Stock that the Participant is entitled to sell in such public offering (after giving effect to the cutback provisions contained in Section 4(b) of the Proposed Investor Rights
Agreement) or tag along transaction, as applicable. 
  
 (iii) In connection with distributions of Common Stock pursuant to this Section 5.1(b), the Participant’s Deferred Compensation Account will be decreased by decreasing the number of Deferred Common Stock Units held in such account by
the number of shares of Common Stock distributed pursuant to the immediately preceding sentence. In connection with distributions of Preferred Stock pursuant to this Section 5.1(b), the Participant’s Deferred Compensation Account will be
decreased by decreasing the number of Deferred Preferred Stock Units held in such account by the number of shares of Preferred Stock distributed pursuant to the immediately preceding sentence. 
  
 Section 5.2 Form of Distribution. With respect to Deferred Common
Stock Units, all distributions from the Plan shall be made in the form of whole shares of Common Stock with fractional shares credited to federal income taxes withheld. With respect to Deferred Preferred Stock Units, all distributions from the Plan
shall be made in the form of whole shares of Preferred Stock with fractional shares credited to federal income taxes withheld. Tax withholding with respect to such distributions shall be pursuant to Section 7.4. Notwithstanding any other provision
of the Plan, unless otherwise determined by the Administrator, no share of Common Stock or Preferred Stock shall be issued to any Participant (or his beneficiaries, applicable) under this Plan unless and until such Participant has executed and
delivered the Proposed Investor Rights Agreement with the Company. 
  

 7 

 ARTICLE VI 
  
 ADMINISTRATIVE PROVISIONS 
  
 Section 6.1 Administrator’s Duties and Powers.  
  
 (a) The Board shall conduct the general administration of the Plan in accordance with the Plan and shall
have full discretionary power and authority to carry out that function. Among its necessary powers and duties, are the following: 
  
 (i) To delegate all or part of its function as Administrator to others and to revoke any such delegation. 
  
 (ii) To determine questions of eligibility and vesting of
Participants and their entitlement to benefits. 
  
 (iii) To select and engage attorneys, accountants, actuaries, trustees, appraisers, brokers, consultants, administrators, physicians or other persons to render service or advice with regard to any responsibility the Administrator or the
Board has under the Plan, or otherwise, to designate such persons to carry out responsibilities, and (with the Company, the Board and its officers, trustees and employees) to rely upon the advice, opinions or valuations of any such persons, to the
extent permitted by law, being fully protected in acting or relying thereon in good faith. 
  
 (iv) To interpret the Plan for purpose of the administration and application of the Plan, in a manner not inconsistent with the Plan or
applicable law and to amend or revoke any such interpretation. 
  
 (v) To adopt Rules of the Plan that are not inconsistent with the Plan or applicable law and to amend or revoke any such rules. 
  

(b) Every finding, decision, and determination made by the Administrator shall, to the full extent permitted by law, be final and
binding upon all parties, except to the extent found by a court of competent jurisdiction to be unreasonable. 
  
 Section 6.2 Indemnification by the Company; Liability Insurance. 
  
 (a) The Company shall pay or reimburse any of the Company’s officers, directors or employees who
administer the Plan for all expenses incurred by such persons in, and shall indemnify and hold them harmless from, all claims, liability and costs (including reasonable attorneys’ fees) arising out of the good faith performance of their Plan
functions. 
  
 (b) The Company may obtain and
provide for any such person, at the Company’s expense, liability insurance against liabilities imposed on him by law. 
  
 Section 6.3 Limitations Upon Powers. The Plan shall be uniformly and consistently administered, interpreted and applied with regard to all
Participants in similar circumstances. 
  

 8 

 The Plan shall be administered, interpreted and applied fairly and equitably in accordance with the specified purposes of
the Plan. 
  
 Section 6.4 Recordkeeping. 

  
 (a) The Administrator shall maintain suitable
records as follows: (i) records of each Participant’s individual Deferred Compensation Accounts, (ii) records which show the operations of the Plan, and (iii) records of its deliberations and decisions. 
  
 (b) The Administrator may appoint a secretary to keep the
record of proceedings, to transmit its decisions, instructions, consents or directions to any interested party, to execute and file, on behalf of the Administrator, such documents, reports or other matters as may be necessary or appropriate under
applicable law to perform ministerial acts. 
  
 (c) The Administrator shall not be required to maintain any records or accounts which duplicate any records or accounts maintained by the Company. 
  
 Section 6.5 Service of Process. The Secretary of the Company is hereby designated as agent of the Plan for the service of legal process.

  
 Section 6.6 Service in More than One Capacity. Any
person or group of persons may serve in more than one capacity with respect to the Plan. 
  
 Section 6.7 Statement to Participants. The Administrator shall from time to time in its discretion furnish to each Participant a statement setting forth the value of his Deferred Compensation Accounts and such
other information as the Administrator shall deem advisable to furnish. 
  
 Section 6.8 Corporate Changes. If the Company at any time (a) increases or decreases proportionately to all holders of shares of its Common Stock or Preferred Stock then outstanding, whether by stock dividend, stock split,
consolidation of shares, or (b) otherwise effectuates any change in the capitalization of the Company, then all Deferred Common Stock Units and/or Deferred Preferred Stock Units theretofore credited and unforfeited shall be equitably adjusted with
respect to the number of shares of such Common Stock or Preferred Stock, as applicable, represented thereby (or exchanged for a right to receive another class or kind of securities of the Company) in such manner as shall be determined in good faith
by the Administrator in its sole discretion. 
  
 ARTICLE VII

  
 MISCELLANEOUS PROVISIONS 
  
 Section 7.1 Amendment of Plan. Except as may otherwise be prohibited
by applicable law, the Plan may be wholly or partially amended by the Administrator from time to time including retroactive amendments; provided, however, that no amendment shall decrease the non-forfeitable interest any Participant or
any other person entitled to payment under the Plan has in the Participant’s Deferred Compensation Accounts without such Participant’s written approval. 
  

 9 

 Section 7.2 Errors and Misstatements. In the event of any misstatement or omission of fact by a
Participant to the Administrator or any clerical error resulting in payment of benefits in an incorrect amount, the Administrator shall promptly cause the amount of future payments to be corrected upon discovery of the facts and shall pay the
Participant or any other Person entitled to payment under the Plan any underpayment in cash in a lump sum or to recoup any overpayment from future payments to the Participant or any other Person entitled to payment under the Plan in such amounts as
the Administrator shall direct or to proceed against the Participant or any other Person entitled to payment under the Plan for recovery of any such overpayment. 
  
 Section 7.3 Governing Law. This Plan shall be construed, administered and governed in all respects under and by
applicable federal laws and, where state law is applicable, the laws of the State of Delaware. 
  
 Section 7.4 Tax Withholding. During the time a Participant is employed with the Company, the Company shall deduct from such Participant’s wages any amounts required to be withheld by the Company with
respect to the accrual of a Participant’s benefits hereunder. Further, there shall be deducted from each payment of a Participant’s benefits under the Plan any taxes required to be withheld by the Company in respect of such payment. The
Company shall have the right to reduce any payment by an amount sufficient to pay said taxes. In lieu of a deduction, the Committee may permit the Participant to pay or reimburse the Company for said taxes. 
  
 Section 7.5 Limitation on Rights of Employees. The Plan is strictly a
voluntary undertaking on the part of the Company and shall not constitute a contract of employment between the Company and any Participant. Nothing contained in the Plan shall give any Participant the right to be retained in the service of the
Company or to interfere with or restrict the right of the Company, which is hereby expressly reserved, to discharge or retire any Participant, except as provided by law, at any time without notice and with or without cause. Inclusion under the Plan
will not give any Participant any right or claim to any benefit hereunder except to the extent such right has specifically become fixed under the terms of the Plan. The doctrine of substantial performance shall have no application to Participants or
any other persons entitled to payments under the Plan. 
  
 Section
7.6 Payment on Behalf of Minors. In the event any amount becomes payable under the Plan to a minor or 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 minor or other person. Any payment made pursuant to such determination shall
constitute a full release and discharge of the Company, the Board, the Administrator, and their officers, directors and employees. 
  
 Section 7.7 References. Unless the context clearly indicates to the contrary, a reference to a statute, regulation or document shall be construed
as referring to any subsequently enacted, adopted or executed statute, regulation or document. 
  

 10 

 Section 7.8 Termination of the Plan. While the Plan is intended as a permanent program, the Board
shall have the right at any time to declare the Plan terminated completely as to the Company or as to any division, facility or other operational unit thereof. In the event of any termination, the Administrator shall continue to maintain
Participants’ Deferred Compensation Accounts (in accordance with the terms of the Plan) and payment of such Deferred Compensation Accounts shall be made in accordance with Article V. 
  
 Section 7.9 Effect Upon Other Plans. Except to the extent provided herein, nothing in this Plan shall be construed to
affect the provisions of any other plan maintained by the Company. 
  
 Section 7.10 Titles. Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of the Plan. 
  
 Section 7.11 Enforcement. In the event the Company or any Participant institutes litigation to enforce or protect its
rights under the Plan, the party prevailing in any such litigation shall be paid by the non-prevailing party, in addition to all other relief, all reasonable attorneys’ fees, out-of-pocket costs and disbursements relating to such litigation.

  
 *        *        *        *        * 
  

 11

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