Document:

<PAGE>
                                                                     Exhibit 4.2

         NOTE: THE HOLDER OF THIS BOND BY ACCEPTANCE HEREOF AGREES TO
RESTRICTIONS ON TRANSFER, TO WAIVERS OF CERTAIN RIGHTS OF EXCHANGE, AND TO
INDEMNIFICATION PROVISIONS AS SET FORTH BELOW. IN ADDITION, THE BOND REPRESENTED
BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND
SUCH BOND MAY NOT BE TRANSFERRED WITHOUT COMPLIANCE WITH APPLICABLE SECURITIES
LAWS.

         THIS BOND IS NOT TRANSFERABLE EXCEPT TO A SUCCESSOR OR ASSIGN OF THE
SENIOR NOTE TRUSTEE UNDER THE SENIOR NOTE INDENTURE REFERRED TO HEREIN.

                              NEVADA POWER COMPANY
        General and Refunding Mortgage Bond, Series D, due April 15, 2004

<TABLE>

<S>                                              <C>
Original Interest Accrual Date: May 13, 2002     Redeemable by Company: Yes__ No_X_
Stated Maturity:              April 15, 2004     Redemption Date:  N/A
Interest Rate:                See below          Redemption Price: N/A
Interest Payment Dates:       See below
Regular Record Dates:         N/A
</TABLE>

                    This Security is not a Discount Security
              within the meaning of the within-mentioned Indenture.

                      ------------------------------------

Principal Amount
$130,000,000                                                             No. D-1

         NEVADA POWER COMPANY, a corporation duly organized and existing under
the laws of the State of Nevada (herein called the "Company," which term
includes any successor corporation under the Indenture referred to below), for
value received, hereby promises to pay to THE BANK OF NEW YORK, (successor to
IBJ Whitehall Bank & Trust Company), as Trustee (the "Senior Note Trustee"), or
its registered assigns, under the Senior Unsecured Note Indenture dated as of
March 1, 1999, as supplemented by Supplemental Indenture No. 1, dated as of
March 1, 1999, and Supplemental Indenture No. 2, dated as of April 1, 1999
("Supplemental Indenture No. 2) (as heretofore or hereafter supplemented,
modified or amended from time to time, the "Senior Note Indenture"), the
principal sum of ONE HUNDRED THIRTY MILLION DOLLARS, or such lesser principal
amount as shall be equal to the aggregate outstanding principal amount of the
Series B Notes (as defined in the Senior Note Indenture), in whole or in
installments on such date or dates as the Company has any obligations of payment
under the Senior Note Indenture (whether upon scheduled maturity, required
prepayment, acceleration, demand or otherwise), but not later than the Stated
Maturity specified above. The amount of principal of this Bond payable by the
Company on any such date shall equal the aggregate outstanding principal amount
of the Series B Notes due and payable on such date pursuant to the Senior Note
Indenture (but, in no event, shall exceed the principal amount of this Bond).
The obligation of the Company to make any payment of the principal on this Bond
shall be fully or partially, as the case may be, deemed to have been paid or
otherwise satisfied and discharged to the extent that the Company has

3390226
<PAGE>

paid the principal then due and payable on the Series B Notes made pursuant to
the Senior Note Indenture.

         Interest shall be payable on this Bond on each Interest Payment Date
(as hereinafter defined) at such rate per annum as shall cause the amount of
interest payable on such Interest Payment Date on this Bond to equal the amount
of interest payable on such Interest Payment Date on the Series B Notes. Such
interest shall be payable on the same dates as interest is payable from time to
time on the Series B Notes (each such date herein called an "Interest Payment
Date"), until the maturity of this Bond, or, if the Senior Note Trustee shall
demand redemption of this Bond, until the redemption date, or, if the Company
shall default in the payment of the principal due on this Bond, until the
Company's obligation with respect to the payment of such principal shall be
discharged as provided in the Indenture. The amount of interest payable from
time to time on the Series B Notes, the basis on which such interest is computed
and the dates on which such interest is payable are set forth in the Senior Note
Indenture. This Bond shall bear interest (a) from the Interest Payment Date next
preceding the date of this Bond to which interest has been paid, or (b) if the
date of this Bond is an Interest Payment Date to which interest has been paid,
then from such date, or (c) if no interest has been paid on this Bond, then from
the date of initial authentication of this Bond. The obligation of the Company
to make any payment of interest on this Bond shall be fully or partially, as the
case may be, deemed to have been paid or otherwise satisfied and discharged to
the extent that the Company has paid the interest on the Series B Notes.

         This Bond is issued to the Senior Note Trustee by the Company pursuant
to the Company's obligations under Section 3.01 of Supplemental Indenture No. 2.
This Bond shall be held by the Senior Note Trustee subject to the terms of the
Pledge Agreement, dated as of May 13, 2002, between the Company and the Senior
Note Trustee. Any capitalized terms used herein and not defined herein shall
have the meanings specified in the Indenture (as defined below), unless
otherwise noted.

         If an Event of Default (as defined in the Senior Note Indenture) shall
have occurred under Section 7.01 of the Senior Note Indenture by reason of a
failure by the Company to make a payment of principal of the Series B Notes when
the same shall be due and payable pursuant to the Senior Note Indenture, it
shall be deemed to be a default, for purposes of Section 10.01 of the Indenture,
in payment of an amount of principal of this Bond equal to the amount of such
unpaid principal of the Series B Notes (but, in no event, in excess of the
principal amount of this Bond). If an Event of Default (as defined in the Senior
Note Indenture) shall have occurred under Section 7.01 of the Senior Note
Indenture by reason of a failure by the Company to make a payment of interest on
the Series B Notes when the same shall be due and payable pursuant to the Senior
Note Indenture, it shall be deemed to be a default, for purposes of Section
10.01 of the Indenture, in payment of an amount of interest on this Bond equal
to the amount of such unpaid interest on the Series B Notes. The Senior Note
Trustee shall surrender this Bond to the Trustee when all of the principal of
and interest on the Series B Notes shall have been duly paid and the Series B
Notes shall have been cancelled.

         Payments of the principal of and interest on this Bond shall be made at
the Corporate Trust Office of The Bank of New York located at 101 Barclay
Street, New York, New York 10286 or at such other office or agency as may be
designated for such purpose by the Company from time to time. Payment of the
principal of and interest on this Bond, as aforesaid, shall be made in such coin
or currency of the United States of America as at the time of payment shall be
legal tender for the payment of public and private debts.

         This Bond is one of a duly authorized issue of securities of the
Company (herein called the "Securities"), issued and issuable in one or more
series under and equally secured by a General and Refunding Mortgage Indenture,
dated as of May 1, 2001 (such Indenture as originally executed and

3390226                                 2
<PAGE>
delivered and as supplemented or amended from time to time thereafter, together
with any constituent instruments establishing the terms of particular
Securities, being herein called the "Indenture"), between the Company and The
Bank of New York, as trustee (herein called the "Trustee," which term includes
any successor trustee under the Indenture), to which Indenture and all
indentures supplemental thereto reference is hereby made for a description of
the property mortgaged, pledged and held in trust, the nature and extent of the
security and the respective rights, limitations of rights, duties and immunities
of the Company, the Trustee and the Holders of the Securities thereunder and of
the terms and conditions upon which the Securities are, and are to be,
authenticated and delivered and secured. The acceptance of this Bond shall be
deemed to constitute the consent and agreement by the Holder hereof to all of
the terms and provisions of the Indenture. This Bond is one of the series
designated above.

         The Bonds of this series will not be entitled to the benefit of any
sinking fund or voluntary redemption provisions.

         If an Event of Default, as defined in the Indenture, shall occur and be
continuing, the principal of this Bond may be declared due and payable in the
manner and with the effect provided in the Indenture.

         The Indenture permits, with certain exceptions as therein provided, the
Trustee to enter into one or more supplemental indentures for the purpose of
adding any provisions to, or changing in any manner or eliminating any of the
provisions of, the Indenture with the consent of the Holders of not less than a
majority in aggregate principal amount of the Securities of all series then
Outstanding under the Indenture, considered as one class; PROVIDED, HOWEVER,
that if there shall be Securities of more than one series Outstanding under the
Indenture and if a proposed supplemental indenture shall directly affect the
rights of the Holders of Securities of one or more, but less than all, of such
series, then the consent only of the Holders of a majority in aggregate
principal amount of the Outstanding Securities of all series so directly
affected, considered as one class, shall be required; and PROVIDED, FURTHER,
that if the Securities of any series shall have been issued in more than one
Tranche and if the proposed supplemental indenture shall directly affect the
rights of the Holders of Securities of one or more, but less than all, of such
Tranches, then the consent only of the Holders of a majority in aggregate
principal amount of the Outstanding Securities of all Tranches so directly
affected, considered as one class, shall be required; and PROVIDED, FURTHER,
that the Indenture permits the Trustee to enter into one or more supplemental
indentures for limited purposes without the consent of any Holders of
Securities. The Indenture also contains provisions permitting the Holders of a
majority in principal amount of the Securities then Outstanding, on behalf of
the Holders of all Securities, to waive compliance by the Company with certain
provisions of the Indenture and certain past defaults under the Indenture and
their consequences. Any such consent or waiver by the Holder of this Bond shall
be conclusive and binding upon such Holder and upon all future Holders of this
Bond and of any Security issued upon the registration of transfer hereof or in
exchange therefor or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Bond.

         As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Bond is registrable in the Security Register,
upon surrender of this Bond for registration of transfer at the Corporate Trust
Office of The Bank of New York in New York, New York or such other office or
agency as may be designated by the Company from time to time, duly endorsed by,
or accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed by, the Holder hereof or his
attorney duly authorized in writing, and thereupon one or more new Bonds of this
series of authorized denominations and of like tenor and aggregate principal
amount, will be issued to the designated transferee or transferees.

         This Bond has been issued by the Company to the Senior Note Trustee to
(i) secure the Company's obligations to make payments of principal of and
interest on the Series B Notes, and (ii)

3390226                                 3
<PAGE>

provide to the holders of the Series B Notes the benefits of the security
provided for this Bond pursuant to the Indenture.

         The Company, the Trustee and any agent of the Company or the Trustee
may deem and treat the person in whose name this Bond shall be registered upon
the Security Register for the Bonds of this series as the absolute owner of such
Bond for the purpose of receiving payment of or on account of the principal of
and interest on this Bond and for all other purposes, whether or not this Bond
be overdue, and neither the Company nor the Trustee shall be affected by any
notice to the contrary; and all such payments so made to such registered owner
or upon his order shall be valid and effectual to satisfy and discharge the
liability upon this Bond to the extent of the sum or sums paid.

         The Trustee may conclusively presume that the obligation of the Company
to pay the principal of and interest on this Bond shall have been fully
satisfied and discharged unless and until it shall have received a written
notice from the Senior Note Trustee, stating that the payment of principal of or
interest on this Bond has not been fully paid when due and specifying the amount
of funds required to make such payment.

         Before any transfer of this Bond by the registered holder or his or its
legal representative will be recognized or given effect by the Company or the
Trustee, the registered holder shall note the amounts of reductions, if any, in
the aggregate outstanding principal amount of the Series B Notes, and shall
notify the Company and the Trustee of the name and address of the transferee and
shall afford the Company and the Trustee the opportunity of verifying the
notation as to such reductions. By acceptance hereof the holder of this Bond and
each transferee shall be deemed to have agreed to indemnify and hold harmless
the Company (other than the initial holder) and the Trustee against all losses,
claims, damages or liability arising out of any failure on part of the holder or
of any such transferee to comply with the requirements of the preceding
sentence.

         No recourse under or upon any obligation, covenant or agreement
contained in the Indenture or in any indenture supplemental thereto, or in any
Bond or coupon thereby secured, or because of any indebtedness thereby secured,
shall be had against any incorporator, or against any past, present or future
stockholder, officer or director, as such, of the Company or any successor
corporation, either directly or through the Company or of any successor
corporation under any rule of law, statute or constitutional provision or by the
enforcement of any assessment or by any legal or equitable proceeding or
otherwise; it being expressly agreed and understood that the Indenture, any
indenture supplemental thereto and the obligations thereby secured, are solely
corporate obligations, and that no personal liability whatsoever shall attach
to, or be incurred by, such incorporators, stockholders, officers or directors,
as such, of the Company or of any successor corporation, or any of them, because
of the incurring of the indebtedness thereby authorized, or under or by reason
of any of the obligations, covenants or agreements contained in the Indenture or
in any indenture supplemental thereto or in any of the Bonds or coupons thereby
secured, or implied therefrom.

         This Bond shall be governed by and construed in accordance with the
laws of the State of New York.

         Unless the certificate of authentication hereon has been executed by
the Trustee or an Authenticating Agent by manual signature, this Bond shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any
purpose.

           [The remainder of this page is intentionally left blank.]

3390226                                 4
<PAGE>

         IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

                                     NEVADA POWER COMPANY

                                     By:
                                        -------------------------------------
                                        Name:  Dennis D. Schiffel
                                        Title: Senior Vice President and Chief
                                               Financial Officer

                          CERTIFICATE OF AUTHENTICATION

         This is one of the Securities of the series designated therein referred
to in the within-mentioned Indenture.

Dated:  May __, 2002

                                       THE BANK OF NEW YORK, AS TRUSTEE

                                       By:
                                          --------------------------------------
                                          Authorized Signatory<PAGE>
                                                                    Exhibit 10.1

                         SEVERANCE AND RELEASE AGREEMENT

PARTIES

The parties to this Severance and Release Agreement ("Agreement") are Sierra
Pacific Resources and its affiliates Nevada Power Company and Sierra Pacific
Power Company (collectively referred to as "Company"), and Mark A. Ruelle
("Employee").

BASIS

(a)      Employee currently holds the position of President, Nevada Power
         Company, with Company. This Agreement is not based upon any change in
         control or in the ownership of a substantial portion of the Company's
         assets.

(b)      Employee has had access to Confidential Information, as hereinafter
         defined. Employee has occupied a position of trust and confidence with
         respect to such Confidential Information.

(c)      This Agreement is intended as a final settlement of any and all claims,
         known or unknown, that Employee may have against Company arising out of
         or related to his employment with Company or the termination of that
         employment, including, but not limited to all rights Employee may have
         pursuant to the Employment Agreement as defined below. This Agreement
         provides Employee with benefits that exceed the benefits contained in
         the Employment Agreement and is adequate consideration for this
         Agreement.

TERMS OF AGREEMENT

1.       DEFINED TERMS

         1.1      "CONFIDENTIAL INFORMATION" means any plan, specification,
                  pattern, procedure, profile, design, device, list,
                  compilation, data, or information relating to the present or
                  planned business of Company which has not been released
                  publicly by authorized representatives of Company, or which is
                  not common to industry practice, including, but not limited to
                  trade secrets as defined in NRS 600A.010, et seq. Confidential
                  Information may include inventions; marketing and sales plans
                  or programs; customer and supplier information; financial
                  data; purchasing, pricing, or supply information; product
                  engineering information; technological know-how; designs,
                  plans or specifications regarding products and materials;
                  manufacturing processes and techniques; regulatory approval
                  strategies; computer programs, data, formulae and
                  compositions; service techniques and protocols; and new
                  product

<PAGE>

                  strategies, plans and designs. Confidential Information also
                  includes information that if disclosed, could negatively
                  affect the Company's reputation and it's relationship with
                  business, governmental agencies and customers. Confidential
                  Information includes all information received by Company under
                  an obligation of confidentiality to a third party.

         1.2      "EMPLOYMENT AGREEMENT" means all previous agreements, express
                  or implied, between Company and Employee, including change in
                  control or letter agreements.

         1.3      "STIP" means short-term cash incentive payment.

         1.4      "SERP" means Supplemental Executive Retirement Plan.

2.       TERMINATION OF EMPLOYMENT

         2.1      Company shall terminate Employee's employment with Company
                  effective May 31, 2002 ("Termination Date"). Any accrued and
                  unused Paid Time Off will be included in Employee's final
                  paycheck. Employee agrees not to seek re-employment with
                  Company or any of its subsidiaries or affiliates.

3.       BENEFITS TO EMPLOYEE

         3.1      Company shall pay to Employee severance in the amount of
                  $450,000.00 ("Severance"), payable, on the condition that
                  Employee is in full compliance with the confidentiality and
                  non-disparagement provisions of this Agreement, one-half on
                  the date of separation, one-quarter 90 days after the date of
                  separation, and one-quarter on the first anniversary of the
                  date of separation.. The Severance shall be subject to
                  withholding, deductions, assessments and taxes, if applicable.

         3.2      Commencing on the Termination Date, the Company shall continue
                  to cover Employee and Employee's dependants as defined in the
                  Health Plan under its medical, prescriptive drugs, dental,
                  vision and EAP employee welfare benefit plans ("Health Plans")
                  to the same extent as Employee and his dependents are covered
                  immediately prior to the Termination Date until May 31, 2005,
                  or until Employee becomes employed with an entity which
                  provides health and medical benefits, whichever is earlier.
                  Company shall pay all costs incurred in providing the
                  above-described coverage for Employee. Employee shall be
                  eligible to participate in open enrollment and is subject to
                  any amendments or changes that would apply to other covered
                  employees. If Employee becomes eligible for similar coverage
                  through another employer or disability, then Employee shall
                  notify Company of such coverage and

                                       2
<PAGE>

                  Company shall be entitled to terminate coverage under this
                  Agreement and/or offer Employee COBRA in the form and manner
                  required by law.

         3.3      On the Termination Date, Employee shall be paid in cash the
                  amount of his vested benefit in the SERP calculated to include
                  new provisions in the Plan, which include in the SERP payment
                  of the 2000 and 2001 STIPs, as though said STIPs had been
                  paid, and will thereafter have no SERP benefits.

         3.4      Because your employment is terminated for reasons other than
                  cause, retirement, death or disability, you will have rights
                  with respect to your Non-Qualified Stock Option grants as
                  follows, in accordance with the grant letter you received. Any
                  vested shares are exercisable within three months of the
                  Termination Date. Shares which are not vested as of the
                  Termination Date shall immediately terminate and shall be
                  forfeited to the Company.

         3.5      Employee is covered under Supplemental Executive Life
                  insurance. Employee shall continue to be covered under such
                  insurance until May 31, 2005, or until Employee becomes
                  reemployed with an entity that provides life insurance
                  benefits, whichever is earlier, at which time Employee shall
                  have the option of converting such insurance in strict
                  accordance with the terms of such policy and paying the
                  premiums thereon.

         3.6      If ever in the future any of the Company's officers are paid a
                  STIP for the year 2000 ("2000 STIP"), then the Employee shall
                  be paid the 2000 STIP at the same time and in the form and
                  manner paid to the other officer(s). The 2000 STIP shall be
                  subject to withholding, deductions, assessments, and taxes, if
                  applicable. If ever any of the Company's officers are paid a
                  STIP for the year 2001 ("2001 STIP"), then the Employee shall
                  be paid the 2001 STIP at the same time and in the form and
                  manner paid to the other officer(s). The 2001 STIP shall be
                  subject to withholding, deductions, assessments, and taxes, if
                  applicable. If ever any of the Company's officers are paid a
                  STIP for the year 2002 ("2002 STIP"), then the Employee shall
                  be paid a prorated portion of the 2002 STIP at the same time
                  and in the form and manner paid to the other officer(s).
                  Employee's prorated portion of the 2002 STIP shall be
                  calculated by dividing the number of hours credited to
                  Employee during 2002 (1/1/02 through Termination Date) by
                  2080, and Employee shall be entitled to receive the resulting
                  percentage of the 2002 STIP. The 2002 STIP shall be subject to
                  withholding, deductions, assessments, and taxes, if
                  applicable. 2000 and 2001 STIPs, if ever paid, shall be in the
                  amounts used in calculating the STIP adjustments to the SERP
                  in 3.3 unless such different amount(s) are reflective of like
                  adjustments to other officer(s)' STIPs.

                                       3
<PAGE>

         3.7      If requested by Employee, Company shall provide Employee with
                  outplacement assistance. The Company shall determine who will
                  provide the outplacement assistance and the nature and extent
                  of such assistance. Employee shall have 18 months after the
                  Termination Date to begin receiving such assistance.

         3.8      Company has granted Employee a Special Restricted Stock Grant
                  of 4,000 shares of Company stock in June 2001. Employee has
                  fully vested in said stock and Company shall issue such stock
                  to Employee within 30 days of the Termination Date. Employee
                  may elect to receive a combination of stock and cash to
                  provide for tax liabilities.

         3.9      Employee's June 2001 agreement relating to real property owned
                  at Eagle Lake, California, shall continue for a period of 18
                  months following the date of separation in order to compensate
                  and reimburse Employee for the cost of sale and closing
                  expenses relating to such property should such sale occur.

4.       CONFIDENTIALITY

         4.1      Employee shall preserve as confidential all Confidential
                  Information. Employee shall not use Confidential Information
                  for the benefit of Employee or any third party. Employee shall
                  not disclose to others any Confidential Information or any
                  copy or notes made from any Item embodying Confidential
                  Information. If Employee is required to disclose Confidential
                  Information pursuant to a valid order of a court or other
                  governmental entity or any political subdivision thereof; then
                  Employee shall first give notice to Company so that Company
                  shall have a reasonable opportunity to interpose an objection
                  or obtain a protective order requiring that the Confidential
                  Information and/or documents so disclosed be used only for the
                  purposes for which the order was issued. The confidentiality
                  provisions herein shall expire 36 months from the date of this
                  agreement.

5.       MUTUAL NON-DISPARAGEMENT

         5.1      Employee agrees to not make disparaging statements about the
                  Company or its officers and/or directors to third parties such
                  as the news media, governmental officials, or governmental
                  agencies. This section does not apply to testimony made under
                  oath before a court or governmental entity. This section does
                  not apply to statements of opinion made to family and friends
                  so long as they are not news media, governmental officials, or
                  governmental agencies.

                                       4
<PAGE>

         5.2      Company, its officers and/or directors agree to not make
                  disparaging statements about Employee to third parties,
                  including employees. This section does not apply to testimony
                  made under oath before a court or governmental entity.

6.       NON-COMPETITION

         6.1.     Employee agrees that the restrictions set forth in paragraphs
                  7.1 and 7.2 are fair and reasonable and are reasonably
                  required for the protection of the interests of the Company.
                  Employee agrees that compliance with the provisions of
                  paragraphs 7.1 and 7.2 will not cause Employee undue hardship
                  nor unreasonably interfere with Employee's ability to earn a
                  livelihood.

7.       RELEASE

         7.1      Employee hereby waives and releases Company and its officers,
                  directors, agents, and employees (collectively referred to as
                  "Company Agents") from any claims, rights, contracts or causes
                  of action existing or accrued as of the date this Agreement is
                  signed that Employee may have against Company or Company
                  Agents (collectively referred to as "Claims") which arise out
                  of or are related to Employee's employment with Company
                  (collectively referred to as "Release") or the termination of
                  said employment. This Release includes, but is not limited to,
                  the following:

                  7.1.1    Claims which are known or unknown at the time of the
                           signing of this Agreement;

                  7.1.2    Claims which arise under any state or federal laws,
                           including, but not limited to, the Civil Rights Act
                           of 1964, as amended, and the Age Discrimination in
                           Employment Act of 1967, as amended, which have arisen
                           on or before the date of execution of this Agreement;
                           and

                  7.1.3    Claims based upon any contract of employment,
                           including but not limited to, the Change in Control
                           Agreement, except as set forth herein.

         7.2      Employee shall not commence any action against Company or
                  Company Agents in violation of this Release.

         7.3      Employee does not waive any Claim which arises after the
                  effective date of this Agreement.

                                       5
<PAGE>
         7.4      Employee further expressly acknowledges and agrees that:

                  7.4.1    In consideration for this Waiver, Employee shall
                           receive compensation beyond that which Employee was
                           otherwise entitled to receive before entering into
                           this Agreement;

                  7.4.2    Employee has been advised to consult with an attorney
                           before signing this Agreement;

                  7.4.3    This Agreement is being offered only to Employee at
                           this time.

                  7.4.4    Employee was given a copy of the Agreement on or
                           about May 10, 2002. Employee was informed that
                           Employee had 21 days within which to consider the
                           Agreement. If Employee fails to execute this
                           Agreement within said 21-day period, then the terms
                           and conditions contained in this Agreement are
                           automatically withdrawn without further action or
                           notice by Company.

                  7.4.5    Employee was informed and understands that Employee
                           has seven days following the date Employee executes
                           this Agreement in which to revoke this Agreement. Any
                           revocation of the Agreement must be in writing and
                           delivered to the Acting Vice-President of Human
                           Resources of Company during the revocation period.
                           This Agreement will become effective and enforceable
                           seven days following execution by Employee, unless it
                           is revoked during the seven-day period.

8.       MISCELLANEOUS PROVISIONS

         8.1.     AGREEMENT IS CONFIDENTIAL: Unless and until the terms of this
                  Agreement, and the amount of any payment eligible to be paid
                  or actually paid under this Agreement, are disclosed in
                  writing to the public by Company pursuant to any applicable
                  legal duty to disclose such information, it shall be a
                  condition of eligibility to receive or retain any payment
                  pursuant to this Agreement that Employee hold the terms of
                  this Agreement and the amount of any payment hereunder in
                  strict confidence. Employee may disclose such information on a
                  confidential basis to Employee's family and to any financial
                  counselor, tax advisor or legal counsel retained by Employee.

         8.2      ASSIGNMENT BY COMPANY: The obligations of Company hereunder
                  shall be the obligations of any and all successors and assigns
                  of Company. Company may assign this Agreement without
                  Employee's consent to any affiliate or subsidiary of Company,
                  provided that such assignment does not relive the Company's
                  obligations hereunder. Company may assign this Agreement
                  without Employee's consent to any company that

                                       6
<PAGE>

                  acquires all or substantially all of the stock or assets of
                  Company, or into which or with which Company is merged or
                  consolidated. The Employee may not assign the Agreement, and
                  no person other than Employee or Employee's estate may enforce
                  the rights of Employee under this Agreement.

         8.3      Mutual WAIVER: The waiver by Employee or Company of a
                  violation respectively by Company or by Employee of any
                  provision of this Agreement shall not be construed as a waiver
                  of any subsequent violation.

         8.4      SEVERABILITY: The provisions of this Agreement shall be
                  severable, and in the event that any portion or provision of
                  it is found by any court to be unenforceable, in whole or in
                  part, the remainder of this Agreement shall nevertheless be
                  enforceable and binding on the parties. In the event that any
                  restriction set forth in this Agreement shall be declared by a
                  court of competent jurisdiction to exceed the maximum
                  restriction such court deems reasonable and enforceable, the
                  restriction deemed reasonable and enforceable by the court
                  shall become and thereafter be the maximum restriction
                  hereunder.

         8.5      REVIEW OF AGREEMENT: Employee acknowledges that Employee had
                  sufficient opportunity to review this Agreement with an
                  attorney or, if Employee did not do so, it is because Employee
                  read and understands this Agreement and did not believe that
                  legal advice was necessary. Employee agrees that the
                  restrictions contained in this Agreement are fair and
                  appropriate under the circumstances.

         8.6      DISPUTE RESOLUTION: Any dispute between the parties which is
                  covered by, arises out of, or is based upon this Agreement
                  shall be settled by final and binding arbitration. Any award
                  or determination rendered by the arbitrator may be entered as
                  a judgment in any court having jurisdiction thereof. The
                  arbitration is subject to the following:

                  8.6.1    The arbitration shall be administered by the American
                           Arbitration Association ("AAA") in accordance with
                           its Employment Dispute Resolution Rules ("Rules") in
                           effect at the time of the arbitration.

                  8.6.2    The arbitration shall be heard by one neutral
                           arbitrator. The arbitrator shall be an attorney
                           admitted to the practice of law in at least one
                           state.

                  8.6.3    The arbitrator shall have the authority to award any
                           remedy or relief that a state or federal court having
                           jurisdiction over the persons and subject matter is
                           authorized to grant.

                                       7
<PAGE>

                  8.6.4    The Company shall pay all of the costs and/or fees
                           charged by AAA and the arbitrator. The arbitrator
                           shall have the authority to award attorney's fees and
                           costs pursuant to sub-section 8.6.3 above.

         8.7      JURISDICTION: This Agreement shall be construed under the laws
                  of the State of Nevada except where Federal laws are
                  applicable. Venue for any arbitration or action to enforce the
                  arbitration provisions of this Agreement shall be in the State
                  of Nevada.

         8.8      EFFECTIVE DATE: This Agreement shall become effective on the
                  date it is signed by the Employee.

         8.9      FINAL AGREEMENT: This Agreement supercedes all prior
                  understandings, statements or agreements concerning the
                  subject matter of this Agreement, including the Employment
                  Agreement or Change in Control Agreement. Any amendment to
                  this Agreement shall be in writing and signed by both parties.
                  This Agreement contains all of the terms and conditions agreed
                  upon by the parties. There are no understandings or agreements
                  which conflict or modify the terms of this Agreement. Company
                  has made no representations or promises upon which Employee
                  relies in signing this Agreement except the terms set forth
                  herein. Company has made no representations upon which
                  Employee relies concerning the tax characteristics or status
                  of the benefits described in this Agreement.

COMPANY                                      MARK A. RUELLE

By:
   ------------------------------            --------------------------------
Date: May __, 2002                           Date: May __, 2002

MAR-SEVAGRMT02

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}]]