Document:

EXHIBIT 10-9 (i)

    EXHIBIT
      10.9

    

    

    

    

    

    

    

    

    SIERRA
      HEALTH SERVICES, INC.

    

    

    DEFERRED
      COMPENSATION PLAN

    

    

    Effective
      May 1, 1996, as Amended

    and
      Restated January 1, 2006

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    TABLE
      OF
      CONTENTS

    

    Page

    

    
      	
              Purpose
                

            	 	
              1

            
	 	 	 	 	 
	
              ARTICLE
                1

            	
              Definitions

            	
              1

            
	 	 	 	 	 
	
              ARTICLE
                2

            	
              Selection,
                Enrollment, Eligibility

            	
              7

            
	 	 	 	 	 
	
              2.1

            	 	
              Selection
                by Committee

            	
              7

            
	
              2.2

            	 	
              Enrollment
                Requirements

            	
              7

            
	
              2.3

            	 	
              Eligibility;
                Commencement of Participation

            	
              7

            
	
              2.4

            	 	
              Termination
                of Participation and/or Deferrals

            	
              7

            
	 	 	 	 	 
	
              ARTICLE
                3

            	
              Deferral
                Commitments/Company Matching/Crediting/Taxes

            	
              8

            
	 	 	 	 	 
	
              3.1

            	 	
              Minimum
                Deferral

            	
              8

            
	
              3.2

            	 	
              Maximum
                Deferral

            	
              8

            
	
              3.3

            	 	
              Election
                to Defer; Effect of Election Form

            	
              9

            
	
              3.4

            	 	
              Withholding
                of Annual Deferral Amounts

            	
              9

            
	
              3.5

            	 	
              Annual
                Company Matching Amount

            	
              9

            
	
              3.6

            	 	
              Annual
                Company Restoration Amount

            	
              10

            
	
              3.7

            	 	
              Vested
                Company Matching Account, Vested Company

            	 
	 	 	
              Restoration
                Account, and Deferral Account

            	
              11

            
	
              3.8

            	 	
              Crediting/Debiting
                of Account Balances

            	
              11

            
	
              3.9

            	 	
              FICA,
                Withholding and Other Taxes

            	
              13

            
	
              3.10

            	 	
              Rollovers
                From Prior Deferred Compensation Plan

            	
              14

            
	 	 	 	 	 
	
              ARTICLE
                4

            	
              Short-Term
                Payout; Unforeseeable Financial Emergencies;

            	 
	 	 	
              Withdrawal
                Election

            	
              14

            
	 	 	 	 	 
	
              4.1

            	 	
              Short-Term
                Payout

            	
              14
                

            
	
              4.2

            	 	
              Other
                Benefits Take Precedence Over Short-Term Payout

            	
              14

            
	
              4.3

            	 	
              Withdrawal
                Payout/Suspensions for Unforeseeable Financial Emergencies

            	
              15

            
	
              4.4

            	 	
              Withdrawal
                Election

            	
              15

            
	 	 	 
	
              ARTICLE
                5

            	
              Retirement
                Benefit

            	
              15

            
	 	 	 	 	 
	
              5.1

            	 	
              Retirement
                Benefit

            	
              15

            
	
              5.2

            	 	
              Payment
                of Retirement Benefit

            	
              15

            
	
              5.3

            	 	
              Death
                Prior to Completion of Retirement Benefit

            	
              16

            

    

     

    
      	
              ARTICLE
                6

            	
              Pre-Retirement
                Survivor Benefit

            	
              16

            
	 	 	 	 	 	 
	
              6.1

            	 	
              Pre-Retirement
                Survivor Benefit

            	
              16

            
	
              6.2

            	 	
              Payment
                of Pre-Retirement Survivor Benefit

            	
              16

            
	 	 	 	 	 	 
	
              ARTICLE
                7

            	
              Termination
                Benefit

            	
              16

            
	 	 	 	 	 	 
	
              7.1

            	 	
              Termination
                Benefit

            	
              16

            
	
              7.2

            	 	
              Payment
                of Termination Benefit

            	
              17

            
	 	 	 	 	 	 
	
              ARTICLE
                8

            	
              Disability
                Waiver and Benefit

            	
              17

            
	 	 	 	 	 	 
	
              8.1

            	 	
              Disability
                Waiver

            	
              17

            
	
              8.2

            	 	
              Continued
                Eligibility; Disability Benefit

            	
              17

            
	 	 	 	 	 	 
	
              ARTICLE
                9

            	
              Beneficiary
                Designation

            	
              18

            
	 	 	 	 	 	 
	
              9.1

            	 	
              Beneficiary

            	
              18

            
	
              9.2

            	 	
              Beneficiary
                Designation; Change; Spousal Consent

            	
              18

            
	
              9.3

            	 	
              Acknowledgment

            	
              19

            
	
              9.4

            	 	
              No
                Beneficiary Designation

            	
              19

            
	
              9.5

            	 	
              Doubt
                as to Beneficiary

            	
              19

            
	
              9.6

            	 	
              Discharge
                of Obligations

            	
              19

            
	 	 	 	 	 	 
	
              ARTICLE
                10

            	
              Leave
                of Absence; Consulting

            	
              19

            
	 	 	 
	
              10.1

            	 	
              Paid
                Leave of Absence

            	
              19

            
	
              10.2

            	 	
              Unpaid
                Leave of Absence

            	
              19

            
	
              10.3

            	 	
              Consulting
                Arrangements

            	
              20

            
	 	 	 
	
              ARTICLE
                11

            	
              Termination,
                Amendment or Modification

            	
              20

            
	 	 	 
	
              11.1

            	 	
              Termination

            	
              21

            
	
              11.2

            	 	
              Amendment

            	
              21

            
	
              11.3

            	 	
              Plan
                Agreement

            	
              21

            
	
              11.4

            	 	
              Effect
                of Payment

            	
              21

            
	 	 	 
	
              ARTICLE
                12

            	
              Administration

            	
              21

            
	 	 	 
	
              12.1

            	 	
              Committee
                Duties

            	
              21

            
	
              12.2

            	 	
              Agents

            	
              22

            
	
              12.3

            	 	
              Binding
                Effect of Decisions

            	
              22

            
	
              12.4

            	 	
              Indemnity
                of Committee

            	
              22

            
	
              12.5

            	 	
              Employer
                Information

            	
              22

            

    

    

    
      	
              ARTICLE
                13

            	
              Other
                Benefits and Agreements

            	
              22

            
	 	 	 	 	 	 
	
              13.1

            	 	
              Coordination
                with Other Benefits

            	
              22

            
	 	 	 	 	 	 
	
              ARTICLE
                14

            	
              Claims
                Procedures

            	
              22

            
	 	 	 	 	 	 
	
              14.1

            	 	
              Presentation
                of Claim

            	
              22

            
	
              14.2

            	 	
              Notification
                of Decision

            	
              23

            
	
              14.3

            	 	
              Review
                of a Denied Claim

            	
              23

            
	
              14.4

            	 	
              Decision
                on Review

            	
              23

            
	
              14.5

            	 	
              Legal
                Action

            	
              24

            
	 	 	 	 	 	 
	
              ARTICLE
                15

            	
              Trust

            	
              24

            
	 	 	 	 	 	 
	
              15.1

            	 	
              Establishment
                of the Trust

            	
              24

            
	
              15.2

            	 	
              Interrelationship
                of the Plan and the Trust

            	
              24

            
	
              15.3

            	 	
              Distributions
                From the Trust

            	
              24

            
	 	 	 
	
              ARTICLE
                16

            	
              Miscellaneous

            	
              24

            
	 	 	 
	
              16.1

            	 	
              Unsecured
                General Creditor

            	
              24

            
	
              16.2

            	 	
              Employer's
                Liability

            	
              25

            
	
              16.3

            	 	
              Nonassignability

            	
              25

            
	
              16.4

            	 	
              Not
                a Contract of Employment

            	
              25

            
	
              16.5

            	 	
              Furnishing
                Information

            	
              25

            
	
              16.6

            	 	
              Terms

            	
              26

            
	
              16.7

            	 	
              Captions

            	
              26

            
	
              16.8

            	 	
              Governing
                Law

            	
              26

            
	
              16.9

            	 	
              Notice

            	
              26

            
	
              16.10

            	 	
              Successors

            	
              26

            
	
              16.11

            	 	
              Spouse's
                Interest

            	
              26

            
	
              16.12

            	 	
              Validity

            	
              26

            
	
              16.13

            	 	
              Incompetent

            	
              27

            
	
              16.14

            	 	
              Court
                Order

            	
              27

            
	
              16.15

            	 	
              Distribution
                in the Event of Taxation

            	
              28

            
	
              16.16

            	 	
              Legal
                Fees To Enforce Rights After Change in Control

            	
              28

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    

    

    SIERRA
      HEALTH SERVICES, INC.

    

    DEFERRED
      COMPENSATION PLAN

    

    Effective
      May 1, 1996, as Amended

    and
      Restated August 10, 2006

    

    

    Purpose

    

    The
      purpose of this Plan is to provide specified benefits to a select group of
      management or highly compensated Employees who contribute materially to the
      continued growth, development and future business success of the Sierra Health
      Services, Inc., a Nevada corporation, and its subsidiaries (including lower-tier
      subsidiaries), if any, that sponsor this Plan. This Plan shall be unfunded
      for
      tax purposes and for purposes of Title I of ERISA.

    

    ARTICLE
      1

    Definitions

    

    For
      purposes hereof, unless otherwise clearly apparent from the context, the
      following phrases or terms shall have the following indicated
      meanings:

    

    
      	
              1.1

            	
              "Account
                Balance" shall mean, with respect to a Participant, the sum of (i)
                the
                Deferral Account plus (ii) the Vested Company Matching Account plus
                (iii)
                the Vested Company Restoration Account. This account shall be a
                bookkeeping entry only and shall be utilized solely as a device for
                the
                measurement and determination of the amounts to be paid to a Participant
                pursuant to this Plan.

            

    

    

    
      	
              1.2

            	
              "Annual
                Bonus" shall mean any annual cash compensation in addition to Base
                Annual
                Salary relating to services performed during any calendar year, whether
                or
                not paid in such calendar year or included on the Federal Income
                Tax Form
                W-2 for such calendar year, payable to a Participant as an Employee
                under
                any Employer's annual bonus and incentive plans, including any such
                bonuses payable to physician
                employees.

            

    

    

    
      	
              1.3

            	
              "Annual
                Company Matching Amount" for any one Plan Year shall be the amount
                determined in accordance with Section
                3.5.

            

    

    

    
      	
              1.4

            	
              "Annual
                Company Restoration Amount" for any one Plan Year shall be the amount
                determined in accordance with Section
                3.6.

            

    

     

    
      	
              1.5

            	
              "Annual
                Deferral Amount" shall mean that portion of a Participant's Base
                Annual
                Salary and/or Annual Bonus that a Participant elects to have, and
                is,
                deferred in accordance with Article 3, for any one Plan Year. In
                the event
                of a Participant's Retirement, Disability (if deferrals cease in
                accordance with Section 8.1), death or a Termination of Employment
                prior
                to the end of a Plan Year, such year's Annual Deferral Amount shall
                be the
                actual amount withheld prior to such
                event.

            

    

    

    
      	
              1.6

            	
              "Base
                Annual Salary" shall mean the annual cash compensation relating to
                services performed during any calendar year, whether or not paid
                in such
                calendar year or included on the Federal Income Tax Form W-2 for
                such
                calendar year including bonuses (other than the Annual Bonus),
                commissions, severance payments and overtime, but excluding stock
                option
                income, relocation expenses, non-monetary awards, fringe benefits,
                retainers, directors fees and other fees, pay in lieu of vacations,
                insurance premiums paid by an Employer, insurance benefits paid to
                the
                Participant or his or her beneficiary, Employer contributions to
                qualified
                or nonqualified plans and automobile and other allowances paid to
                a
                Participant for employment services rendered (whether or not such
                allowances are included in the Employee's gross income). Base Annual
                Salary shall be calculated before reduction for compensation voluntarily
                deferred or contributed by the Participant pursuant to all qualified
                or
                non-qualified plans and shall be calculated to include amounts not
                otherwise included in the Participant's gross income under Code Sections
                125, 402(e)(3), or 402(h) pursuant to plans established by any Employer;
                provided however that all such amounts will be included in compensation
                only to the extent that, had there been no such plan, the amount
                would
                have been payable in cash to the
                Employee.

            

    

    

    
      	
              1.7

            	
              "Beneficiary"
                shall mean one or more persons, trusts, estates or other entities,
                designated in accordance with Article 9, that are entitled to receive
                benefits under this Plan upon the death of a
                Participant.

            

    

    

    
      	
              1.8

            	
              "Beneficiary
                Designation Form" shall mean the form, established from time to time
                by
                the Committee, that a Participant completes, signs and returns to
                the
                Committee to designate one or more
                Beneficiaries.

            

    

    

    
      	
              1.9

            	
              "Board"
                shall mean the board of directors of the
                Company.

            

    

    

    
      	
              1.10

            	
              "Change
                in Control" shall mean a transaction or event in which, after the
                effective date of the Plan, (i) the Company shall merge or consolidate
                with any other corporation and shall not be the surviving corporation;
                (ii) the Company shall transfer all or substantially all of its assets
                to
                any other person; or (iii) any person shall have become the beneficial
                owner of more than 50% of the voting power of outstanding voting
                securities of the Company.

            

    

    

    
      	
              1.11

            	
              "Claimant"
                shall have the meaning set forth in Section
                14.1.

            

    

     

    
      	
              1.12

            	
              "Code"
                shall mean the Internal Revenue Code of 1986, as it may be amended
                from
                time to time.

            

    

    

    
      	
              1.13

            	
              "Committee"
                shall mean the committee described in Article
                12.

            

    

    

    
      	
              1.14

            	
              "Company"
                shall mean Sierra Health Services, Inc., a Nevada
                corporation.

            

    

    

    
      	
              1.15

            	
              "Company
                Matching Account" shall mean the sum of all of a Participant's Annual
                Company Matching Amounts plus amounts credited and debited in accordance
                with all the applicable crediting provisions of this Plan, less all
                distributions made to the Participant or his or her Beneficiary pursuant
                to this Plan that relate to his or her Company Matching Account.
                This
                account shall be a bookkeeping entry only and shall be utilized solely
                as
                a device for the measurement and determination of the amounts to
                be paid
                to the Participant pursuant to this
                Plan.

            

    

    

    
      	
              1.16

            	
              "Company
                Restoration Account" shall mean the sum of all of a Participant's
                Annual
                Company Restoration Amounts plus amounts credited and debited in
                accordance with all the applicable provisions of the Plan, less all
                distributions made to the Participant or his or her Beneficiary pursuant
                to the Plan that relate to his or her Company Restoration Account.
                This
                account shall be a bookkeeping entry only and shall be utilized solely
                as
                a device for the measurement and determination of the amounts to
                be paid
                to the Participant pursuant to this
                Plan.

            

    

    

    
      	
              1.17

            	
              "Deferral
                Account" shall mean the sum of all of a Partici-pant's Annual Deferral
                Amounts, plus amounts credited and debited in accordance with all
                the
                applicable provisions of the Plan, less all distributions made to
                the
                Participant or his or her Beneficiary pursuant to the Plan that relate
                to
                his or her Deferral Account. This account shall be a bookkeeping
                entry
                only and shall be utilized solely as a device for the measurement
                and
                determination of the amounts to be paid to the Participant pursuant
                to
                this Plan.

            

    

    

    
      	
              1.18

            	
              "Deduction
                Limitation" shall mean the following described limitation on a benefit
                that may otherwise be distributable pursuant to the provisions of
                this
                Plan. Except as otherwise provided, this limitation shall be applied
                to
                all distributions that are "subject to the Deduction Limitation"
                under
                this Plan. If an Employer determines in good faith prior to a Change
                in
                Control that there is a reasonable likelihood that any compensation
                paid
                to a Participant for a taxable year of the Employer would not be
                deductible by the Employer solely by reason of the limitation under
                Code
                Section 162(m), then to the extent deemed necessary by the Employer
                to
                ensure that the entire amount of any distribution to the Participant
                pursuant to this Plan prior to the Change in Control is deductible,
                the
                Employer may defer all or any portion of a distribution under this
                Plan.
                Any amounts deferred pursuant to this limitation shall be credited
                and
                debited with additional amounts in accordance with Section 3.8 below,
                even
                if such amount is being paid out in installments. The amounts so
                deferred
                adjusted to reflect amounts credited and debited thereon shall be
                distributed to the Participant or his or her Beneficiary (in the
                event of
                the Participant's death) at the earliest possible date, as determined
                by
                the Employer in good faith, on which the deductibility of compensation
                paid or payable to the Participant for the taxable year of the Employer
                during which the distribution is made will not be limited by Section
                162(m), or if earlier, the effective date of a Change in Control.
                Notwith-stand-ing anything to the contrary in this Plan, the Deduction
                Limitation shall not apply to any distributions made after a Change
                in
                Control.

            

    

    

    
      	
              1.19

            	
              "Disability"
                shall mean a period of disability during which a Participant qualifies
                for
                disability benefits under the Participant's Employer's long-term
                disability plan, or, if a Participant does not participate in such
                a plan,
                a period of disability during which the Participant would have qualified
                for disability benefits under such a plan had the Participant been
                a
                participant in such a plan, as determined in the sole discretion
                of the
                Committee. If the Participant's Employer does not sponsor such a
                plan, or
                discontinues to sponsor such a plan, Disability shall be determined
                by the
                Committee in its sole discretion.

            

    

    

    
      	
              1.20

            	
              "Disability
                Benefit" shall mean the benefit set forth in Article
                8.

            

    

    

    
      	
              1.21

            	
              "Election
                Form" shall mean the form established from time to time by the Committee
                that a Participant completes, signs and returns to the Committee
                to make
                an election under the Plan.

            

    

    

    
      	
              1.22

            	
              "Employee"
                shall mean a person who is an employee of any
                Employer.

            

    

    

    
      	
              1.23

            	
              "Employer(s)"
                shall mean the Company and/or any of its subsidiaries (now in existence
                or
                hereafter formed or acquired) that have been selected by the Board
                to
                participate in the Plan and have adopted the
                Plan.

            

    

    

    
      	
              1.24

            	
              "ERISA"
                shall mean the Employee Retirement Income Security Act of 1974, as
                amended
                from time to time.

            

    

    

    
      	
              1.25

            	
              "401(k)
                Plan" shall be that certain Sierra Health Services, Inc. Profit
                Sharing/401(k) Plan & Trust, dated January 1, 1989 and adopted by the
                Company.

            

    

    

    
      	
              1.26

            	
              "Monthly
                Installment Method" shall be an installment payment method over the
                duration selected by the Participant in accordance with this Plan,
                calculated as follows: The Participant's Account Balance, as of the
                date
                of the Participant's Retirement, death, Disability or Termination
                of
                Employment, shall be multiplied by a fraction, the numerator of which
                is 1
                and the denominator of which is the number of periods over which
                the
                installment payments shall be paid. The result of this multiplication
                shall be the amount of each installment payment for the Plan Year
                in which
                the Participant Retired, died, suffered a Disability or experienced
                a
                Termination of Employment and this amount shall be paid starting
                on the
                first day of the month following the Participant's Retirement, Death,
                Disability or Termination of Employment and shall continue to be
                paid on
                the first day of each month thereafter during that Plan Year. For
                each
                subsequent Plan Year during the installment payment period, the
                Participant's Account Balance shall be determined as of January 1
                of that
                Plan Year, in accordance with Section 3.8, after taking into account
                all
                previous installment payments, and such balance shall be multiplied
                by the
                fraction described above, except that the denominator shall be the
                number
                of remaining periods over which the installment payments are to be
                paid.
                The resulting amount shall be the amount of each installment payment
                for
                the Plan Year, which amount shall be paid on the first day of each
                month
                during the Plan Year. If a Participant has a positive Account Balance
                after the end of the elected installment payment period, the remaining
                Account Balance shall be paid in a lump sum on the first day of the
                month
                following the month in which the installment period ends. If any
                installment, if paid, would reduce the Participant's Account Balance
                to
                zero or below, that installment payment shall be reduced so that
                the
                Participant's Account Balance does not go below zero and all future
                installment payments shall cease.

            

    

    

    
      	
              1.27

            	
              "Participant"
                shall mean any person (i) who, as an Employee, is selected to participate
                in the Plan, (ii) who elects to participate in the Plan, (iii) who
                signs a
                Plan Agreement, an Election Form and a Beneficiary Designation Form,
                (iv)
                whose signed Plan Agreement, Election Form and Beneficiary Designation
                Form are accepted by the Committee, (v) who commences participation
                in the
                Plan, and (vi) whose Plan Agreement has not terminated. A spouse
                or former
                spouse of a Participant shall not be treated as a Participant in
                the Plan,
                even if he or she has an interest in the Participant's benefits under
                the
                Plan under applicable law or as a result of property settlements
                resulting
                from legal separation or divorce.

            

    

    

    
      	
              1.28

            	
              "Plan"
                shall mean the Company's Deferred Compensation Plan, which shall
                be
                evidenced by this instrument and by each Plan Agreement, as they
                may be
                amended from time to time.

            

    

    

    
      	
              1.29

            	
              "Plan
                Agreement" shall mean a written agreement, as may be amended from
                time to
                time, which is entered into by and between an Employer and a Participant.
                The terms of any Plan Agreement may vary any of the terms set forth
                in
                this Plan and such changes shall be binding on the Employer and the
                Participant if the Plan Agreement is signed by the Participant and
                accepted by the Employer. The Plan Agreement executed by a Participant
                and
                accepted by the Employer shall provide for the entire benefit to
                which
                such Participant is entitled under the Plan; should there be more
                than one
                Plan Agreement, the Plan Agreement bearing the latest date of acceptance
                by the Employer shall supersede all previous Plan Agreements in their
                entirety and shall govern the agreement between the
                parties.

            

    

    

    
      	
              1.30

            	
              "Plan
                Year" shall, for the first Plan Year, begin on May 1, 1996 and end
                on
                December 31, 1996. For each Plan Year thereafter, the Plan Year shall
                begin on January 1 of each year and continue through December
                31.

            

    

    

    
      	
              1.31

            	
              "Pre-Retirement
                Survivor Benefit" shall mean the benefit set forth in Article
                6.

            

    

    

    
      	
              1.32

            	
              "Retirement,"
                "Retire(s)" or "Retired" shall mean, with respect to an Employee,
                severance from employment from all Employers for any reason other
                than a
                leave of absence, death or Disability on or after age sixty-five
                (65) or
                on or after age fifty-five (55) with ten (10) Years of Service, subject
                to
                Section 10.3.

            

    

    

    
      	
              1.33

            	
              "Retirement
                Benefit" shall mean the benefit set forth in Article
                5.

            

    

    

    
      	
              1.34

            	
              "Short-Term
                Payout" shall mean the payout set forth in Section
                4.1.

            

    

    

    
      	
              1.35

            	
              "Termination
                Benefit" shall mean the benefit set forth in Article
                7.

            

    

    

    
      	
              1.36

            	
              "Termination
                of Employment" shall mean the ceasing of employment with all Employers,
                voluntarily or involuntarily, for any reason other than Retirement,
                Disability, death or an authorized leave of absence, subject to Section
                10.3.

            

    

    

    
      	
              1.37

            	
              "Trust"
                shall mean the trust established pursuant to that certain Master
                Trust
                Agreement, dated as of May 1, 1996 between the Company and the trustee
                named therein, as amended from time to
                time.

            

    

    

    
      	
              1.38

            	
              "Unforeseeable
                Financial Emergency" shall mean an unanticipated emergency that is
                caused
                by an event beyond the control of the Participant that would result
                in
                severe financial hardship to the Participant resulting from (i) a
                sudden
                and unexpected illness or accident of the Participant or a dependent
                of
                the Participant, (ii) a loss of the Participant's property due to
                casualty, or (iii) such other extraordinary and unforeseeable
                circumstances arising as a result of events beyond the control of
                the
                Participant, all as determined in the sole discretion of the
                Committee.

            

    

    

    
      	
              1.39

            	
              "Unvested
                Accrued Amounts" shall mean the part of a Participant's Company Matching
                Account and Company Restoration Account which is not vested under
                Section
                3.7.

            

    

    

    
      	
              1.40

            	
              "Vested
                Company Matching Account" shall have the meaning set forth in Section
                3.7.

            

    

    

    
      	
              1.41

            	
              "Vested
                Company Restoration Account" shall have the meaning set forth in
                Section
                3.7.

            

    

    

    
      	1.42	 	
              "Years
                of Service" shall mean the total number of full years in which a
                Participant has been employed by one or more Employers. For purposes
                of
                this definition, a year of employment shall be a 365 day period (or
                366
                day period in the case of a leap year) that, for the first year of
                employment, commences on the Employee's date of hiring and that,
                for any
                subsequent year, commences on an anniversary of that hiring date.
                Any
                partial year of employment shall not be
                counted.

            

    

    

    

    ARTICLE
      2

    Selection,
      Enrollment, Eligibility

    

    
      	
              2.1

            	
              Selection
                by Committee.
                Participation in the Plan shall be limited to a select group of management
                or highly compensated Employees of the Employers, as determined by
                the
                Committee in its sole discretion. From that group, the Committee
                shall
                select, in its sole discretion, Employees to participate in the Plan.
                For
                this purpose, the term "highly compensated" shall be interpreted
                in a
                manner consistent with regulations and other guidance under the
                Code.

            

    

    

    
      	
              2.2

            	
              Enrollment
                Requirements.
                As a condition to participation, each selected Employee shall complete,
                execute and return to the Committee, within 30 days of selection,
                a Plan
                Agreement, an Election Form and a Beneficiary Designation Form. In
                addition, the Committee shall establish from time to time such other
                enrollment requirements as it determines in its sole discretion are
                necessary.

            

    

    

    
      	
              2.3

            	
              Eligibility;
                Commencement of Participation.
                Provided an Employee selected to participate in the Plan has met
                all
                enrollment requirements set forth in this Plan and required by the
                Committee, including returning all required documents to the Committee
                within 30 days of selection, that Employee shall commence participation
                in
                the Plan on the first day of the next month which begins following
                the
                date the Employee completes all enrollment requirements. If an Employee
                fails to meet all such requirements within the required 30 day period,
                that Employee shall not be eligible to participate in the Plan until
                the
                first day of a month during the Plan Year following the delivery
                to and
                acceptance by the Committee of the required
                documents.

            

    

    

    
      	
              2.4

            	
              Termination
                of Participation and/or Deferrals.
                If the Committee determines in good faith that a Participant no longer
                qualifies as a member of a select group of management or highly
                compensated employees, as membership in such group is determined
                in
                accordance with Section 2.1 or otherwise under Sections 201(2), 301(a)(3)
                and 401(a)(1) of ERISA, the Committee shall have the right, in its
                sole
                discretion, to (i) terminate any deferral election the Participant
                has
                made for the Plan Year in which the Participant's membership status
                changes, (ii) prevent the Participant from making future deferral
                elections and/or (iii) immediately distribute the Participant's then
                Account Balance, determined as if there has occurred a Termination
                of
                Employment and terminate the Participant's participation in the Plan.
                If
                the Committee chooses to terminate the Participant's participation
                in the
                Plan, the Committee may, in its sole discretion, reinstate the Participant
                to full Plan participation at such time in the future as the Participant
                again becomes a member of the select group described above. The foregoing
                notwithstanding, if the Participant ceases to qualify as "highly
                compensated" under Section 2.1, the Committee may permit the Participant
                to continue participation for a reasonable period thereafter in order
                to
                permit the Participant an opportunity to reattain "highly compensated"
                status.

            

    

    

    ARTICLE
      3

    Deferral
      Commitments/Company Matching/Crediting/Taxes

    

    
      	
              3.1

            	
              Minimum
                Deferral.

            

    

    

    
      	 	
              (a)

            	
              Minimum.
                For each Plan Year, a Participant may elect to defer, as his or her
                Annual
                Deferral Amount, a minimum of $2,000 from either his or her Base
                Annual
                Salary or Annual Bonus. If an election is made for less than the
                stated
                minimum amount, or if no election is made, the amount deferred shall
                be
                zero.

            

    

    

    
      	 	
              (b)

            	
              Short
                Plan Year.
                If a Participant first becomes a Participant after the first day
                of a Plan
                Year, or in the case of the first Plan Year of the Plan itself, the
                minimum deferral shall be an amount equal to the minimum set forth
                above,
                multiplied by a fraction, the numerator of which is the number of
                complete
                months remaining in the Plan Year and the denominator of which is
                12.

            

    

    

    
      	
              3.2

            	
              Maximum
                Deferral.

            

    

    

    
      	 	
              (a)

            	
              Maximum.
                For each Plan Year, a Participant may elect to defer, as his or her
                Annual
                Deferral Amount, Base Annual Salary and/or Annual Bonus up to the
                following maximum percentages for each deferral
                elected:

            

    

    

    
      	 	 	 	 Maximum	
            
	
              Deferral
                

            	 	 Amount	
            
	 	 	 	 	 
	
              Base
                Annual Salary 

            	 90%	
               

            
	
              Annual
                Bonus 

            	 90%	
               

            

    

    

    
      	 	
              (b)

            	
              Short
                Plan Year.
                If a Participant first becomes a Participant after the first day
                of a Plan
                Year, or in the case of the first Plan Year itself, for such Plan
                Year
                only, a Participant may elect to defer, as his or her Annual Deferral
                Amount, Base Annual Salary and/or Annual Bonus that accrue after
                the date
                of entry into the Plan, a dollar amount up to an amount equal to
                the
                limits set forth in Section 3.2(a) above multiplied by such Participant's
                total amount of Base Annual Salary and/or Annual Bonus for the entire
                Plan
                Year.

            

    

    
      	
              3.3

            	
              Election
                to Defer; Effect of Election Form.

            

    

    

    
      	 	
              (a)

            	
              First
                Plan Year.
                In connection with a Participant's commencement of participation
                in the
                Plan, the Participant shall make an irrevocable deferral election
                for the
                Plan Year in which the Participant commences participation in the
                Plan,
                along with such other elections as the Committee deems necessary
                or
                desirable under the Plan. For these elections to be valid, the Election
                Form must be completed and signed by the Participant, timely delivered
                to
                the Committee (in accordance with Section 2.3 above), and accepted
                by the
                Committee.

            

    

    

    
      	 	
              (b)

            	
              Subsequent
                Plan Years.
                For each succeeding Plan Year, an irrevocable deferral election for
                that
                Plan Year, and such other elections as the Committee deems necessary
                or
                desirable under the Plan, shall be made by timely delivering to the
                Committee, in accordance with its rules and procedures, before the
                end of
                the Plan Year preceding the Plan Year for which the election is made,
                a
                new Election Form. If no such Election Form is timely delivered for
                a Plan
                Year, no Annual Deferral Amount shall be withheld for that Plan
                Year.

            

    

    

    A
      Participant may amend his or her Election Form for a particular Plan Year to
      increase the amount of deferral, one time during the Plan Year, only as provided
      in this paragraph. For the amended Election Form to be valid, the amended
      Election Form must be completed and signed by the Participant, delivered to
      the
      Committee, and accepted by the Committee. The Committee has sole discretion
      to
      accept, reject, or otherwise rule on the amended Election Form. The deferral
      amount or percentage that the Participant includes on his or her reused Election
      Form, shall be limited to the portion of such Participant’s Base Annual Salary
      not yet earned by the Participant as of the date the Participant submits the
      revised Election Form to the Committee for acceptance.

    

    
      	
              3.4

            	
              Withholding
                of Annual Deferral Amounts.
                For each Plan Year, the Base Annual Salary portion of the Annual
                Deferral
                Amount shall be withheld in equal amounts from each regularly scheduled
                Base Annual Salary payroll, commencing at the earliest practicable
                payroll
                after participation begins. The Annual Bonus portion of the Annual
                Deferral Amount shall be withheld at the time the Annual Bonus is
                or
                otherwise would be paid to the Participant, whether or not this occurs
                during the Plan Year itself.

            

    

    

    
      	
              3.5

            	
              Annual
                Company Matching Amount.
                With respect to Plan Years prior to and including the 1999 Plan Year
                and
                in the 2006 Plan Year and later Plan Years, if, and only if, a Participant
                participates in the 401(k) Plan to the maximum extent possible under
                the
                limits applicable to the Plan for the Plan Year, the Participant's
                Annual
                Company Matching Amount for such Plan Year shall be equal to 50%
                of the
                Participant's Annual Deferral Amount for such Plan Year, up to an
                amount
                that does not exceed the lesser of 6% of the Participant's Base Annual
                Salary for 2006 and later Plan Years (5% for 1999 and earlier Plan
                Years)
                or 50% of the IRC 402(g)(1) limit in the effect for the Plan Year,
                reduced
                by the amount of any Company matching contributions made to the 401(k)
                Plan on his or her behalf for the plan year of the 401(k) Plan that
                corresponds to the Plan Year. The Annual Company Matching Amount
                shall be
                credited to the Participant's Company Matching Account as of the
                first day
                of February of the Plan Year following the Plan Year to which it
                relates.
                Notwithstanding the above, if a Participant is not employed by an
                Employer
                as of the last day of a Plan Year other than by reason of his or
                her
                Retirement, Disability or death, the Annual Company Matching Amount
                for
                such Plan Year shall be zero. In the event of Retirement, Disability
                or
                death, a Participant shall be credited with the Annual Company Matching
                Amount for the Plan Year in which he or she Retires, dies or becomes
                disabled. The foregoing notwithstanding, for any Plan Year from the
                2000
                Plan Year through the 2005 Plan Year, no Annual Company Matching
                Amount
                shall be credited to the Participant's Company Matching Account,
                although
                prior Annual Company Matching Amounts credited to such Account shall
                remain subject to the Plan. 

            

    

    

    
      	
              3.6

            	
              Annual
                Company Restoration Amount.
                The Participant's Annual Company Restoration Amount for each Plan
                Year
                beginning on or after January 1, 1997 shall be equal to the amount
                of
                employer contributions other than matching contributions under the
                401(k)
                Plan which would have been made on the Participant's behalf and allocated
                to the Participant's account on or after July 1, 1997 for such Plan
                Year
                but for one or more limitations imposed by the 401(k) Plan pursuant
                to the
                Code, including but not limited to any such amounts resulting from
                the
                application of the compensation limitations contained in Code Section
                401(a)(17) or the limitations contained in Code Section 415. For
                purposes
                of this Section 3.6, employer contributions under the 401(k) Plan
                exclude
                contributions resulting from the cash or deferred arrangement under
                the
                401(k) Plan but include contributions resulting from the reallocation
                of
                prior employer contributions (other than matching contributions)
                forfeited
                by other 401(k) Plan participants. The Annual Company Restoration
                Amount
                shall be credited to the Participant's Company Restoration Account
                as of
                the date or dates such amounts would have been allocated to the
                Participant's account(s) under the 401(k) Plan if such amounts had
                in fact
                been allocated under the 401(k) Plan. The foregoing notwithstanding,
                if a
                Participant is not employed by an Employer as of the last day of
                a Plan
                Year other than by reason of his or her Retirement, Disability or
                death,
                the Annual Company Restoration Amount for such Plan Year shall be
                zero. In
                the event of Retirement, Disability or death, a Participant shall
                be
                credited with the Annual Company Restoration Amount for the Plan
                Year in
                which he or she Retires, dies or becomes disabled. The Participant's
                Annual Company Restoration Amount for each Plan Year prior to the
                Plan
                Year beginning January 1, 1997 shall be zero. It is understood that
                the
                Company will discontinue employer contributions other than matching
                contributions under the 401(k) Plan in Plan Years after 1999, so
                that no
                amount will be credited as an Annual Company Restoration Amounts
                in
                respect of such Plan Years.

            

    

    

    
      	
              3.7

            	
              Vested
                Company Matching Account, Vested Company Restoration Account and
                Deferral
                Account.
                With respect to all benefits under this Plan other than the Termination
                Benefit, a Participant's Vested Company Matching Account shall equal
                100%
                of such Participant's Company Matching Account and a Participant's
                Vested
                Company Restoration Account shall equal 100% of such Participant's
                Company
                Restoration Account. With respect to the Termination Benefit, in
                the case
                of a Termination of Employment prior to July 1, 1999, the vesting
                of a
                Participant's Company Matching Account and Company Restoration Account
                shall be governed by the terms of this Plan as in effect at the time
                of
                such Termination of Employment. With respect to the Termination Benefit,
                in the case of a Termination of Employment on or after July 1, 1999,
                a
                Participant's Company Matching Account and Company Restoration Account
                shall vest on the basis of the Partici-pant's Years of Service at
                the time
                the Participant experiences a Termination of Employment, in accordance
                with the following schedule for balances resulting from Company Matching
                Amounts and Company Restoration Amounts for the Plan Year after
                1999:

            

    

    

    
      	 	 	 	
              Vested
                Percentage of

            	 
	
              Years
                of Service at Date of

              Termination
                of Employment

            	 	 	
              Company
                Matching Account and

              Company
                Restoration Account

            
	 	 	 	 	 	 
	
              Less
                than 1 year 

            	 	 	 	
                
                0%

            	 	 
	
              1
                year or more, but less than 2

            	 	 	 	
               33%

            	 	 
	
              2
                years or more, but less than 3 

            	 	 	 	
               66%

            	 	 
	
              3
                years or more 

            	 	 	 	
              100%

            	 	 

    

    

    The
      foregoing notwithstanding, after a Change in Control, a Participant's Vested
      Company Matching Account shall equal 100% of such Participant's Company Matching
      Account and a Participant's Vested Company Restoration Account shall equal
      100%
      of such Participant's Company Restoration Account. A Participant's Deferral
      Account shall always be 100% vested.

    

    
      	
              3.8

            	
              Crediting/Debiting
                of Account Balances.
                In accordance with, and subject to, the rules and procedures that
                are
                established from time to time by the Committee, in its sole discretion,
                amounts shall be credited or debited to a Participant's Account Balance
                (and to the Participant's Unvested Accrued Amounts) in accordance
                with the
                following rules:

            

    

    

    
      	 	
              (a)

            	
              Election
                of Measurement Funds.
                A
                Participant, in connection with his or her initial deferral election
                in
                accordance with Section 3.3(a) above, shall elect, on the Election
                Form,
                one or more Measurement Fund(s) (as described in Section 3.8(c) below)
                to
                be used to determine the additional amounts to be credited or debited
                to
                his or her Account Balance (and Unvested Accrued Amounts) from the
                date on
                which the Participant commences participation in the Plan and continuing
                thereafter, unless changed in accordance with the next sentence.
                Commencing with the January 1 or July 1 ("Investment Election Date")
                that
                follows the Participant's commencement of participation in the Plan
                and on
                each subsequent Investment Election Date during which the Participant
                participates in the Plan, no later than the day before an Investment
                Election Date, the Participant may (but is not required to) elect,
                by
                submitting an Election Form to the Committee that is accepted by
                the
                Committee, to add or delete one or more Measurement Fund(s) tobe
                used to
                determine the amounts to be credited or debited to his or her Account
                Balance (and Unvested Accrued Amounts), or to change the portion
                of his or
                her Account Balance (and Unvested Accrued Amounts) allocated to each
                previously or newly elected Measurement Fund. If an election is made
                in
                accordance with the previous sentence, it shall apply to the next
                Investment Election Date and continue thereafter, unless changed
                in
                accordance with the previous sentence. Notwith-stand-ing the foregoing,
                the maximum transfer that may be made from the Declared Rate Measurement
                Fund to another Measurement Fund in any one Plan Year cannot exceed
                20% of
                the maximum balance in the Participant's account in the Declared
                Rate
                Measurement Fund in the current Plan Year and the four prior Plan
                Years,
                provided that this restriction shall no longer apply upon termination
                of
                the Declared Rate Measurement Fund in accordance with Section
                3.8(c).

            

    

    

    
      	 	
              (b)

            	
              Proportionate
                Allocation.
                In making any election described in Section 3.8(a) above, the Participant
                shall specify on the Election Form, in whole percentage points (1%),
                the
                percentage of his or her Account Balance (and Unvested Accrued Amounts)
                to
                be allocated to a Measurement Fund (as if the Participant was making
                an
                investment in that Measurement Fund with that portion of his or her
                Account Balance and Unvested Accrued
                Amounts).

            

    

    

    
      	 	
              (c)

            	
              Measurement
                Funds.
                The Participant may elect one or more measurement funds, based on
                certain
                mutual funds (the "Measurement Funds"), for the purpose of crediting
                or
                debiting amounts to his or her Account Balance (and Unvested Accrued
                Amounts). The Committee shall select the mutual funds that are to
                be used
                as Measurement Funds. As necessary, the Committee may, in its sole
                discretion, discontinue, substitute or add a Measurement Fund at
                any time.
                Each such action will take effect as of the first day of the calendar
                quarter that follows by thirty (30) days the day on which the Committee
                gives Participants advance written notice of such change. In addition,
                a
                Declared Rate Measurement Fund shall be maintained until December
                31,
                1999, under which interest shall be credited at a rate as specified
                by the
                Company on the November 1 of the year prior to the Plan Year for
                which the
                amount of interest is being determined; provided, however, that as
                of
                January 1, 2000, the Declared Rate Measurement Fund will be terminated
                and
                all balances therein shall be transferred to such other Measurement
                Funds
                as may have been elected by the Participant or, in the absence of
                any
                election, to a Measurement Fund consisting of one or more Guaranteed
                Interest Contracts.

            

    

    

    
      	 	
              (d)

            	
              Crediting
                or Debiting Method.
                The performance of each selected Measurement Fund (either positive
                or
                negative) will be determined by the Committee in its sole discretion
                based
                on the performance of the Measurement Funds themselves or, in the
                case of
                the Declared Rate Measurement Fund (prior to its termination), based
                on
                the amount of accrued interest credited to the fund. A Participant's
                Account Balance (and Unvested Accrued Amounts) shall be credited
                or
                debited based on such performance of the Measurement Funds as determined
                by the Committee in its sole discretion. As of each Investment Election
                Date, the Committee shall distribute to the Participants a statement
                of
                their respective Account Balances (and Unvested Accrued Amounts).
                Furthermore, in the event of a Participant's termination of employment
                or
                any other event requiring a determination of the Participant's Benefit
                or
                the value of a Participant's Account Balance, the Account Balance
                shall be
                determined based on the performance of the relevant Measurement Fund(s)
                through the last date of the pay period during which the event occurs
                and
                shall not be further adjusted
                thereafter.

            

    

    

    
      	 	
              (e)

            	
              No
                Actual Investment.
                Notwithstanding any other provision of this Plan that may be interpreted
                to the contrary, the Measurement Funds are to be used for measurement
                purposes only, and a Participant's election of any such Measurement
                Fund,
                the allocation to his or her Account Balance (and Unvested Accrued
                Amounts) thereto, the calculation of additional amounts and the crediting
                or debiting of such amounts to a Partici-pant's Account Balance (and
                Unvested Accrued Amounts) shall not be considered or construed in
                any
                manner as an actual investment of his or her Account Balance (or
                Unvested
                Accrued Amounts) in any such Measurement Fund. In the event that
                the
                Company or the Trustee (as that term is defined in the Trust), in
                its own
                discretion, decides to invest funds in any or all of the Measurement
                Funds, no Participant shall have any rights in or to such investments
                themselves. Without limiting the foregoing, a Participant's Account
                Balance (and Unvested Accrued Amounts) shall at all times be a bookkeeping
                entry only and shall not represent any investment made on his or
                her
                behalf by the Company or the Trust; the Participant shall at all
                times
                remain an unsecured creditor of the
                Company.

            

    

    

    
      	
              3.9

            	
              FICA,
                Withholding and Other Taxes.
                For each Plan Year in which an Annual Deferral Amount is being withheld
                or
                an Annual Company Matching Amount or Annual Company Restoration Amount
                is
                credited to a Participant, the Participant's Employer(s) shall withhold
                from that portion of the Participant's Base Annual Salary and/or
                Annual
                Bonus that is not being deferred, in a manner determined by the
                Employer(s), the Participant's share of FICA and other employment
                taxes.
                If necessary, the Committee shall reduce the Annual Deferral Amount
                in
                order to comply with this Section 3.9. In addition, the Participant's
                Employer(s) or the Trust, shall withhold from any payments made to
                a
                Participant under this Plan all federal, state and local income,
                employment and other taxes required to be withheld in connection
                with such
                payments, in amounts and in a manner to be determined in the sole
                discretion of the Employer(s) or the
                Trust.

            

    

    

    
      	
              3.10

            	
              Rollovers
                From Prior Deferred Compensation Plan.
                A
                Participant who participated in the Company's prior nonqualified
                deferred
                compensation plan shall have the right, under such rules and at such
                times
                as are prescribed by the Committee, to roll over the benefit that
                the
                Participant is entitled to receive pursuant to such prior nonqualified
                deferred compensation plan so that such amount shall be held and
                administered pursuant to the terms of this Plan and shall be received
                at
                the same time that benefits are received pursuant to this
                Plan.

            

    

    

    

    ARTICLE
      4

    Short-Term
      Payout; Unforeseeable Financial Emergencies;

    Withdrawal
      Election

    

    
      	
              4.1

            	
              Short-Term
                Payout.
                In connection with each election to defer an Annual Deferral Amount,
                a
                Participant may elect to receive a future "Short-Term Payout" from
                the
                Plan with respect to that Annual Deferral Amount. Subject to the
                Deduction
                Limitation, the Short-Term Payout shall be a lump sum payment in
                an amount
                that is equal to the Annual Deferral Amount plus amounts credited
                or
                debited in the manner provided in Section 3.8 above on that amount,
                determined at the time of the Short-Term Payout becomes payable.
                If the
                Annual Deferral Amount is deferred in the 1999 Plan Year or an earlier
                Plan Year, each Short-Term Payout elected shall be paid, subject
                to the
                Deduction Limitation, within 60 days of the first day of the Plan
                Year
                that is at least four years after the last day of the Plan Year in
                which
                the Annual Deferral Amount is actually deferred, subject to the terms
                and
                conditions of this Plan. If the Annual Deferral Amount is deferred
                after
                the 1999 Plan Year, each Short-Term Payout elected shall be paid,
                subject
                to the Deduction Limitation, within 60 days of the first day of the
                Plan
                Year elected by the Participant that is two or more years after the
                last
                day of the Plan Year in which the Annual Deferral Amount is actually
                deferred, subject to the terms and conditions of this Plan. By way
                of
                example, if a Short-Term Payout is elected for amounts that are deferred
                in the Plan Year commencing January 1, 1997, the Short-Term Payout
                becomes
                payable within 60 days after January 1, 2002; if a Short-Term Payout
                is
                elected for amounts that are deferred in the Plan Year commencing
                January
                1, 2000, the earliest that the Participant could elect to receive
                such
                Short-Term Payout would be 60 days after January 1, 2003 (although
                the
                Participant would be permitted to elect a greater number of years
                of
                deferral for the Short-Term
                Payout).

            

    

    

    
      	
              4.2

            	
              Other
                Benefits Take Precedence Over Short-Term Payout.
                Should an event occur that triggers a benefit under Articles 5, 6,
                7 or 8
                or Section 16.14, any Annual Deferral Amount, plus amounts credited
                or
                debited thereon, that is subject to a Short-Term Payout election
                under
                Section 4.1 shall not be paid in accordance with Section 4.1 but
                shall be
                paid in accordance with the other applicable Article or
                Section.

            

    

    

    
      	
              4.3

            	
              Withdrawal
                Payout/Suspensions for Unforeseeable Financial Emergencies.
                If the Participant experiences an Unforeseeable Financial Emergency,
                the
                Participant may petition the Committee to (i) suspend any deferrals
                required to be made by a Participant and/or (ii) receive a partial
                or full
                payout from the Plan. The payout shall not exceed the lesser of the
                Participant's Account Balance, calculated as if such Participant
                were
                receiving a Termination Benefit, or the amount reasonably needed
                to
                satisfy the Unforeseeable Financial Emergency. If, subject to the
                sole
                discretion of the Committee, the petition for a suspension and/or
                payout
                is approved, suspension shall take effect upon the date of approval
                and
                any payout shall be made within 60 days of the date of approval.
                The
                payment of any amount under this Section 4.3 shall not be subject
                to the
                Deduction Limitation.

            

    

    

    
      	
              4.4

            	
              Withdrawal
                Election.
                A
                Participant may elect, at any time, to withdraw all of his or her
                Account
                Balance, less a withdrawal penalty equal to 7% of such amount (the
                net
                amount shall be referred to as the "Withdrawal Amount"). This election
                can
                be made at any time, before or after Retirement, Disability, death
                or
                Termination of Employment, and whether or not the Participant (or
                Beneficiary) is in the process of being paid pursuant to an installment
                payment schedule. If made before Retirement, Disability or death,
                a
                Participant's Withdrawal Amount shall be his or her Account Balance
                calculated as if there had occurred a Termination of Employment as
                of the
                day of the election. No partial withdrawals of the Withdrawal Amount
                shall
                be allowed. The Participant shall make this election by giving the
                Committee advance written notice of the election in a form determined
                from
                time to time by the Committee. The Participant shall be paid the
                Withdrawal Amount within 60 days of his or her election. Once the
                Withdrawal Amount is paid, the Participant's participation in the
                Plan
                shall terminate, the Participant's Unvested Accrued Amounts will
                be
                forfeited and the Participant shall not be eligible to participate
                in the
                Plan until the first month that begins more than one year after his
                or her
                participation in the Plan terminated, at which time he or she will
                be
                eligible to reenroll on terms similar to those applicable to a newly
                hired
                employee. The payment of this Withdrawal Amount shall not be subject
                to
                the Deduction Limitation.

            

    

    

    

    ARTICLE
      5

    Retirement
      Benefit

    

    
      	
              5.1

            	
              Retirement
                Benefit.
                Subject to the Deduction Limitation, a Participant who Retires shall
                receive, as a Retirement Benefit, his or her Account
                Balance.

            

    

    

    
      	
              5.2

            	
              Payment
                of Retirement Benefit.
                A
                Participant, in connection with his or her commence-ment of participation
                in the Plan, shall elect on an Election Form to receive the Retirement
                Benefit in a lump sum or pursuant to a Monthly Installment Method
                of 60,
                120 or 180 months. The Participant may annually change his or her
                election
                to an allowable alternative payout period by submitting a new Election
                Form to the Committee, provided that any such Election Form is submitted
                at least one year prior to the Participant's Retirement and is accepted
                by
                the Committee in its sole discretion. The Election Form most recently
                accepted by the Committee shall govern the payout of the Retirement
                Benefit. If a Participant does not make any election with respect
                to the
                payment of the Retirement Benefit, such benefit shall be payable
                in a lump
                sum. The lump sum payment shall be made, or installment payments
                shall
                commence, no later than 60 days after the date the Participant Retires,
                subject to Section 10.3 (which delays commencement of payment of
                the
                Retirement Benefit if the Participant enters into a consulting arrangement
                with the Company following the Participant's Retirement). Any payment
                made
                shall be subject to the Deduction
                Limitation.

            

    

    

    
      	
              5.3

            	
              Death
                Prior to Completion of Retirement Benefit.
                If a Participant dies after Retirement but before the Retirement
                Benefit
                is paid in full, the Participant's unpaid Retirement Benefit payments
                shall continue and shall be paid to the Participant's Beneficiary
                (a) over
                the remaining number of months and in the same amounts as that benefit
                would have been paid to the Participant had the Participant survived,
                or
                (b) in a lump sum, if reques-ted by the Beneficiary and allowed in
                the
                sole discretion of the Committee, that is equal to the Participant's
                unpaid remaining Account Balance.

            

    

    

    

    ARTICLE
      6

    Pre-Retirement
      Survivor Benefit

    

    
      	
              6.1

            	
              Pre-Retirement
                Survivor Benefit.
                Subject to the Deduction Limitation, the Participant's Beneficiary
                shall
                receive a Pre-Retirement Survivor Benefit equal to the Participant's
                Account Balance if the Participant dies before he or she Retires,
                experiences a Termination of Employment or suffers a
                Disability.

            

    

    

    
      	
              6.2

            	
              Payment
                of Pre-Retirement Survivor Benefit.
                The Pre-Retirement Survivor Benefit shall be paid in the same manner
                and
                at the same time as specified in the election made by the Participant
                pursuant to Section 5.2.

            

    

    

    

    ARTICLE
      7

    Termination
      Benefit

    

    
      	
              7.1

            	
              Termination
                Benefit.
                Subject to the Deduction Limitation, the Participant shall receive
                a
                Termination Benefit, which shall be equal to the Participant's Account
                Balance (i.e., determined based on Vested Company Matching Contributions
                and Vested Company Restoration Contributions) if a Participant experiences
                a Termination of Employment prior to his or her Retirement, death
                or
                Disability.

            

    

    

    
      	
              7.2

            	
              Payment
                of Termination Benefit.
                The Termination Benefit shall be paid in a lump sum within 60 days
                of the
                Termination of Employment, subject to Section 10.3. Notwithstanding
                the
                foregoing, a Participant may elect either (i) upon his election to
                participate in the Plan or (ii) at any time at least one year prior
                to
                Termination of Employment to receive the Termination Benefit in three,
                five, or ten annual installments. In such case, the Termination Benefit
                shall be paid in the applicable number of installments, commencing
                no
                later than 60 days after the Participant's Termination of Employment,
                subject to Section 10.3 (which delays commencement of payment of
                the
                Termination Benefit if the Participant enters into a consulting
                arrangement with the Company following the Participant's Termination
                of
                Employment). Any payment made shall be subject to the Deduction
                Limitation. The Participant may annually change his or her election
                to an
                allowable alternative payout period by submitting a new Election
                Form to
                the Committee, provided that any such Election Form is submitted
                at least
                one year prior to the Participant's Termination of Employment and
                is
                accepted by the Committee in its sole discretion.
                

            

    

    

    

    ARTICLE
      8

    Disability
      Waiver and Benefit

    

    
      	
              8.1

            	
              Disability
                Waiver.

            

    

    

    
      	 	
              (a)

            	
              Waiver
                of Deferral.
                A
                Participant who is determined by the Committee to be suffering from
                a
                Disability shall be excused from fulfilling that portion of the Annual
                Deferral Amount commitment that would otherwise have been withheld
                from a
                Participant's Base Annual Salary and/or Annual Bonus for the Plan
                Year
                during which the Participant first suffers a Disability. During the
                period
                of Disability, the Participant shall not be allowed to make any additional
                deferral elections, but will continue to be considered a Participant
                for
                all other purposes of this Plan. Notwithstanding the foregoing, if
                the
                Disability is determined by the Committee to be expected to be of
                a short
                term duration, the Annual Deferral Amount shall continue to be withheld
                from a Participant's Base Annual Salary and/or Annual
                Bonus.

            

    

    

    
      	 	
              (b)

            	
              Return
                to Work.
                If a Participant returns to employment with an Employer, after a
                Disability ceases, the Participant may elect to defer an Annual Deferral
                Amount for the Plan Year following his or her return to employment
                or
                service and for every Plan Year thereafter while a Participant in
                the
                Plan; provided such deferral elections are otherwise allowed and
                an
                Election Form is delivered to and accepted by the Committee for each
                such
                election in accordance with Section 3.3
                above.

            

    

    

    
      	
              8.2

            	
              Continued
                Eligibility; Disability Benefit.
                A
                Participant suffering a Disability shall, for benefit purposes under
                this
                Plan, continue to be considered to be employed, and shall be eligible
                for
                the benefits provided for in Articles 4, 5, 6 or 7 in accordance
                with the
                provisions of those Articles. Notwithstanding the above, the Committee
                shall have the right to, in its sole and absolute discretion and
                for
                purposes of this Plan only, and must in the case of a Participant
                who is
                otherwise eligible to Retire if either clause (i) or (ii) of this
                sentence
                applies, deem the Participant to have experienced a Termination of
                Employment, or in the case of a Participant who is eligible to Retire,
                to
                have Retired, at any time (or in the case of a Participant who is
                eligible
                to Retire, as soon as practicable) after such Participant (i) is
                determined to be permanently disabled under the Participant Employer's
                long-term disability plan (or would have been determined to be permanently
                disabled had he or she participated in that plan), or (ii), if such
                a plan
                does not exist, is determined to be permanently disabled by the Committee
                in its sole discretion, or (iii) is determined by the Committee,
                in its
                sole discretion, to have suffered a partial disability of such a
                nature
                that the Participant is unable to perform the material duties of
                his or
                her position. In such a case (whether under clause (i), (ii) or (iii)),
                the Participant shall receive a Disability Benefit equal to his or
                her
                Account Balance at the time the Commit-tee's determination. The Disability
                Benefit shall be paid in the same manner and at the same time as
                specified
                in the election made by the Participant pursuant to Section 5.2,
                unless
                the Committee in its sole discretion elects at any time to pay such
                amount
                or any remaining amount in a lump sum payment. Any payment made shall
                be
                subject to the Deduction Limitation. If a Participant is deemed to
                have a
                Termination of Employment under this Section 8.2, a subsequent event
                that
                would also constitute a Termination of Employment will be disregarded,
                and
                any resumption of full duties shall result in reinstatement to
                participation under the Plan only on such terms, as the Committee
                may then
                approve, that avoid duplication of benefits
                hereunder.

            

    

    

    

    ARTICLE
      9

    Beneficiary
      Designation

    

    
      	
              9.1

            	
              Beneficiary.
                Each Participant shall have the right, at any time, to designate
                his or
                her Beneficiary(ies) (both primary as well as contingent) to receive
                any
                benefits payable under the Plan to a beneficiary upon the death of
                a
                Participant. The Beneficiary designated under this Plan may be the
                same as
                or different from the Beneficiary designation under any other plan
                of an
                Employer in which the Participant
                participates.

            

    

    

    
      	
              9.2

            	
              Beneficiary
                Designation; Change; Spousal Consent.
                A
                Participant shall designate his or her Beneficiary by completing
                and
                signing the Beneficiary Designation Form, and returning it to the
                Committee or its designated agent. A Participant shall have the right
                to
                change a Beneficiary by completing, signing and otherwise complying
                with
                the terms of the Beneficiary Designation Form and the Committee's
                rules
                and procedures, as in effect 

            

    

    from
      time
      to time. If the Participant names someone other than his or her spouse as a
      Beneficiary for more than 50% of the Participant's benefits, a spousal consent,
      in the form designated by the Committee, must be signed by that Participant's
      spouse and returned to the Committee (subject to any procedural requirements
      as
      may be imposed by the Committee). Upon the acceptance by the Committee of a
      new
      Beneficiary Designation Form, all Beneficiary designations previously filed
      shall be cancelled. The Committee shall be entitled to rely on the last
      Beneficiary Designation Form filed by the Participant and accepted by the
      Committee prior to his or her death.

    

    
      	
              9.3

            	
              Acknowledgment.
                No designation or change in designation of a Beneficiary shall be
                effective until received, accepted and acknowledged in writing by
                the
                Committee or its designated agent.

            

    

    

    
      	
              9.4

            	
              No
                Beneficiary Designation.
                If a Participant fails to designate a Beneficiary as provided in
                Sections
                9.1, 9.2 and 9.3 above or, if all designated Beneficiaries predecease
                the
                Participant or die prior to complete distribution of the Participant's
                benefits, then the Participant's designated Beneficiary shall be
                deemed to
                be his or her surviving spouse. If the Participant has no surviving
                spouse, the benefits remaining under the Plan to be paid to a Beneficiary
                shall be payable to the executor or personal representative of the
                Participant's estate.

            

    

    

    
      	
              9.5

            	
              Doubt
                as to Beneficiary.
                If the Committee has any doubt as to the proper Beneficiary to receive
                payments pursuant to this Plan, the Committee shall have the right,
                exercisable in its discretion, to cause the Participant's Employer
                to
                withhold such payments until this matter is resolved to the Committee's
                satisfaction.

            

    

    

    
      	
              9.6

            	
              Discharge
                of Obligations.
                The payment of benefits under the Plan to a Beneficiary shall fully
                and
                completely discharge the Company, all Employers and the Committee
                from all
                further obligations under this Plan with respect to the Participant,
                and
                that Participant's Plan Agreement shall terminate upon such full
                payment
                of benefits.

            

    

    

    

    ARTICLE
      10

    Leave
      of
      Absence; Consulting

    

    
      	
              10.1

            	
              Paid
                Leave of Absence.
                If a Participant is authorized by the Participant's Employer for
                any
                reason to take a paid leave of absence from the employment of the
                Employer, the Participant shall continue to be considered employed
                by the
                Employer and the Annual Deferral Amount shall continue to be withheld
                during such paid leave of absence in accordance with Section
                3.3.

            

    

    

    
      	
              10.2

            	
              Unpaid
                Leave of Absence.
                If a Participant is authorized by the Participant's Employer for
                any
                reason to take an unpaid leave of absence from the employment of
                the
                Employer, the Participant shall continue to be considered employed
                by the
                Employer and the Participant shall be excused from making deferrals
                until
                the earlier of the date the leave of absence expires or the Participant
                returns to a paid employment status. Upon such expiration or return,
                deferrals shall resume for the remaining portion of the Plan Year
                in which
                the expiration or return occurs, based on the deferral election,
                if any,
                made for that Plan Year. If no election was made for that Plan Year,
                no
                deferral shall be withheld.

            

    

    

    
      	
              10.3

            	
              Consulting
                Arrangements.
                Other provisions of the Plan notwithstand-ing, if the Company enters
                into
                a consulting arrangement with a Participant effective upon the
                Participant's Retirement or Termination of Employment, the payment
                of the
                Retirement Benefit or Termination Benefit shall be delayed. In this
                case,
                the Participant will be treated as though employment continued until
                the
                consulting arrangement terminates for purposes of determining the
                time at
                which payment of the Retirement Benefit or Termination Benefit will
                commence. This provision will not limit the Participant's withdrawal
                rights under Section 4.3 or 4.4 during the pendency of the consulting
                arrangement, but the Participant will not be permitted to defer
                compensation payable in connection with such consulting arrangement
                under
                the Plan. Any determination of whether the Participant's severance
                from
                employment constitutes a Retirement or Termination of Employment
                shall be
                determined based on his or her circumstances at the time employment
                terminates, without regard to any continued service pursuant to the
                consulting arrangement. 

            

    

    

    

    ARTICLE
      11

    Termination,
      Amendment or Modification

    

    
      	
              11.1

            	
              Termination.
                Each Employer reserves the right to terminate the Plan at any time
                with
                respect to any or all of its Participants by the actions of its board
                of
                directors. Upon the termination of the Plan with respect to any Employer,
                the Plan Agreements of the affected Participants who are employed
                by that
                Employer shall terminate and their Account Balance, determined as
                if they
                had experienced a Termination of Employment on the date of Plan
                termination or, if Plan termination occurs after the date upon which
                a
                Participant was eligible to Retire, then with respect to that Participant
                as if he or she had Retired on the date of Plan termination, shall
                be paid
                to the Participants as follows: Prior to a Change in Control, if
                the Plan
                is terminated with respect to all of its Participants, an Employer
                shall
                have the right, in its sole discretion, and notwithstanding any elections
                made by the Participant, to pay such benefits in a lump sum promptly
                after
                termination or pursuant to a Monthly Installment Method of up to
                15 years,
                with amounts credited and debited during the installment period as
                provided herein, except that, if the Plan is terminated with respect
                to
                less than all of its Participants, an Employer shall be required
                to pay
                such benefits in a lump sum promptly after termination. After a Change
                in
                Control, the Employer shall be required to pay such benefits in a
                lump sum
                except that, if a Participant has elected, upon his election to
                participate in the Plan or at least one year prior to such termination
                of
                the Plan, to receive the benefits in three, five, or ten annual
                installments under Section 7.2, the Employer shall pay such benefits
                in
                the applicable number of annual installments commencing promptly
                after
                such termination. The termination of the Plan shall not adversely
                affect
                any Participant or Beneficiary who has become entitled to the payment
                of
                any benefits under the Plan prior to such termination; provided however,
                that the Employer shall have the right to accelerate installment
                payments
                by paying the Account Balance in a lump sum or pursuant to a Monthly
                Installment Method using fewer months (except following a Change
                in
                Control in the case of Participant who has elected under Section
                7.2 to
                receive the benefits in a three, five or ten annual
                installments).

            

    

    

    
      	
              11.2

            	
              Amendment.
                Any Employer may, at any time, amend or modify the Plan in whole
                or in
                part with respect to that Employer by the actions of its board of
                directors, or, in the case of the Company, by the actions of the
                Committee, provided that any Committee-approved amendment or modification
                that would materially increase the Company’s expense or the benefits to
                Participants with respect to the Plan or that would be subject to
                approval
                of shareholders of the Company must be ratified by the Company’s Board of
                Directors. The foregoing not withstanding, (i) no amendment or
                modification shall be effective to decrease or restrict the value
                of a
                Participant's Account Balance in existence at the time the amendment
                or
                modification is made, calculated as if the Participant had experienced
                a
                Termination of Employment as of the effective date of the amendment
                or
                modification, or, if the amendment or modification occurs after the
                date
                upon which the Participant was eligible to Retire, the Participant had
                Retired as of the effective date of the amendment or modification;
                and
                (ii) the amendment or modification of the Plan shall not affect any
                Participant or Beneficiary who has become entitled to the payment
                of
                benefits under the Plan as of the date of the amendment or modification;
                provided, however, that the Employer shall have the right to accelerate
                installment payments by paying the Account Balance in a lump sum
                or
                pursuant to a Monthly Installment Method using fewer
                months.

            

    

    

    
      	
              11.3

            	
              Plan
                Agreement.
                Despite the provisions of Sections 11.1 and 11.2 above, if a Participant's
                Plan Agreement contains benefits or limitations that are not in this
                Plan
                document, the Employer may only amend or terminate such provisions
                with
                the consent of the Participant.

            

    

    

    
      	
              11.4

            	
              Effect
                of Payment.
                The full payment of the applicable benefit under Section 4.4 or Articles
                5, 6, 7 or 8 of the Plan shall completely discharge all obligations
                to a
                Participant and his or her designated Beneficiaries under this Plan
                and
                the Participant's Plan Agreement shall
                terminate.

            

    

    

    

    ARTICLE
      12

    Administration

    

    
      	
              12.1

            	
              Committee
                Duties.
                This Plan shall be administered by a Committee which shall consist
                of the
                Board, or such committee as the Board shall appoint. Members of the
                Committee may be Participants under this Plan. The Committee shall
                also
                have the discretion and authority to (i) make, amend, interpret,
                and
                enforce all appropriate rules and regulations for the administration
                of
                this Plan and (ii) decide or resolve any and all questions including
                interpretations of this Plan, as may arise in connection with the
                Plan.
                The Committee may, in its sole discretion, waive or modify the length
                of
                the advance-election period a Participant is required to make an
                election
                as to the manner and timing of payment of Retirement or Termination
                Benefits under Sections 5.2 or 7.2 or in connection with the termination
                of the Plan under Section 11.1.

            

    

    

    
      	
              12.2

            	
              Agents.
                In the administration of this Plan, the Committee may, from time
                to time,
                employ agents and delegate to them such administrative duties as
                it sees
                fit (including acting through a duly appointed representative) and
                may
                from time to time consult with counsel who may be counsel to any
                Employer.

            

    

    

    
      	
              12.3

            	
              Binding
                Effect of Decisions.
                The decision or action of the Committee with respect to any question
                arising out of or in connection with the administration, interpretation
                and application of the Plan and the rules and regulations promulgated
                hereunder shall be final and conclusive and binding upon all persons
                having any interest in the Plan.

            

    

    

    
      	
              12.4

            	
              Indemnity
                of Committee.
                All Employers shall indemnify and hold harmless the members of the
                Committee against any and all claims, losses, damages, expenses or
                liabilities arising from any action or failure to act with respect
                to this
                Plan, except in the case of willful misconduct by the Committee or
                any of
                its members.

            

    

    

    
      	
              12.5

            	
              Employer
                Information.
                To enable the Committee to perform its functions, each Employer shall
                supply full and timely information to the Committee on all matters
                relating to the compensation of its Participants, the date and
                circumstances of the Retirement, Disability, death or Termination
                of
                Employment of its Participants, and such other pertinent information
                as
                the Committee may reasonably
                require.

            

    

    

    

    ARTICLE
      13

    Other
      Benefits and Agreements

    

    
      	
              13.1

            	
              Coordination
                with Other Benefits.
                The benefits provided for a Participant and Participant's Beneficiary
                under the Plan are in addition to any other benefits available to
                such
                Participant under any other plan or program for employees of the
                Participant's Employer. The Plan shall supplement and shall not supersede,
                modify or amend any other such plan or program except as may otherwise
                be
                expressly provided.

            

    

     

     

    ARTICLE
      14

    Claims
      Procedures

    

    
      	
              14.1

            	
              Presentation
                of Claim.
                Any Participant or Beneficiary of a deceased Participant (such Participant
                or Beneficiary being referred to below as a "Claimant") may deliver
                to the
                Committee a written claim for a determination with respect to the
                amounts
                distributable to such Claimant from the Plan. If such a claim relates
                to
                the contents of a notice received by the Claimant, the claim must
                be made
                within 60 days after such notice was received by the Claimant. All
                other
                claims must be made within 180 days of the date on which the event
                that
                caused the claim to arise occurred. The claim must state with
                particularity the determination desired by the
                Claimant.

            

    

    

    
      	
              14.2

            	
              Notification
                of Decision.
                The Committee shall consider a Claimant's claim within a reasonable
                time,
                and shall notify the Claimant in
                writing:

            

    

    

    
      	 	
              (a)

            	
              that
                the Claimant's requested determination has been made, and that the
                claim
                has been allowed in full; or

            

    

    

    
      	 	
              (b)

            	
              that
                the Committee has reached a conclusion contrary, in whole or in part,
                to
                the Claimant's requested determination, and such notice must set
                forth in
                a manner calculated to be understood by the
                Claimant:

            

    

    

    
      	 	
              (i)

            	
              the
                specific reason(s) for the denial of the claim, or any part of
                it;

            

    

    

    
      	 	
              (ii)

            	
              specific
                reference(s) to pertinent provisions of the Plan upon which such
                denial
                was based;

            

    

    

    
      	 	
              (iii)

            	
              a
                description of any additional material or information necessary for
                the
                Claimant to perfect the claim, and an explanation of why such material
                or
                information is necessary; and (iv) an explanation of the claim review
                procedure set forth in Section 14.3
                below.

            

    

    

    
      	
              14.3

            	
              Review
                of a Denied Claim.
                Within 60 days after receiving a notice from the Committee that a
                claim
                has been denied, in whole or in part, a Claimant (or the Claimant's
                duly
                authorized representative) may file with the Committee a written
                request
                for a review of the denial of the claim. Thereafter, but not later
                than 30
                days after the review procedure began, the Claimant (or the Claimant's
                duly authorized representative):

            

    

    

    
      	 	
              (a)

            	
              may
                review pertinent documents;

            

    

    

    
      	 	
              (b)

            	
              may
                submit written comments or other documents;
                and/or

            

    

    

    
      	 	
              (c)

            	
              may
                request a hearing, which the Committee, in its sole discretion, may
                grant.

               

            

    

    
      	
              14.4

            	
              Decision
                on Review.
                The Committee shall render its decision on review promptly, and not
                later
                than 60 days after the filing of a written request for review of
                the
                denial, unless a hearing is held or other special circumstances require
                additional time, in which case the Committee's decision must be rendered
                within 120 days after such date. Such decision must be written in
                a manner
                calculated to be understood by the Claimant, and it must
                contain:

            

    

    

    
      	 	
              (a)

            	
              specific
                reasons for the decision;

            

    

    

    
      	 	
              (b)

            	
              specific
                reference(s) to the pertinent Plan provisions upon which the decision
                was
                based; and

            

    

    

    
      	 	
              (c)

            	
              such
                other matters as the Committee deems
                relevant.

            

    

    

    
      	
              14.5

            	
              Legal
                Action.
                A
                Claimant's compliance with the foregoing provisions of this Article
                14 is
                a mandatory prerequisite to a Claimant's right to commence any legal
                action with respect to any claim for benefits under this
                Plan.

            

    

    

    

    ARTICLE
      15

    Trust

    

    
      	
              15.1

            	
              Establishment
                of the Trust.
                The Company shall establish the Trust, and each Employer shall at
                least
                annually transfer over to the Trust such assets as the Employer determines
                are necessary to provide, on a present value basis, for its future
                liabilities created with respect to all Annual Deferral Amounts,
                Company
                Matching Amounts and Company Restoration Amounts for such Employer's
                Participants for all periods prior to the transfer, as well as the
                credits
                and debits to the Participants' Account Balance (and Unvested Accrued
                Amounts) for all periods prior to the transfer, taking into consideration
                the value of the assets in the trust at the time of the
                transfer.

            

    

    

    
      	
              15.2

            	
              Interrelationship
                of the Plan and the Trust.
                The provisions of the Plan and the Plan Agreement shall govern the
                rights
                of a Participant to receive distributions pursuant to the Plan. The
                provisions of the Trust shall govern the rights of the Employers,
                Participants and the creditors of the Employers to the assets transferred
                to the Trust. Each Employer shall at all times remain liable to carry
                out
                its obligations under the Plan.

            

    

    

    
      	
              15.3

            	
              Distributions
                From the Trust.
                Each Employer's obligations under the Plan may be satisfied with
                Trust
                assets distributed pursuant to the terms of the Trust, and any such
                distribution shall reduce the Employer's obligations under this
                Plan.

            

    

    

    

    ARTICLE
      16

    Miscellaneous

    

    
      	
              16.1

            	
              Unsecured
                General Creditor.
                Participants and their Beneficiaries, heirs, successors and assigns
                shall
                have no legal or equitable rights, interests or claims in any property
                or
                assets of an Employer. For purposes of the payment of benefits under
                this
                Plan, any and all of an Employer's assets shall be, and remain, the
                general, unpledged unrestricted assets of the Employer. An Employer's
                obligation under the Plan shall be merely that of an unfunded and
                unsecured promise to pay money in the future. If any right of a
                Participant under the Plan would cause such Participant to be in
                constructive receipt or have the economic benefit of any funds or
                other
                assets such that the Participant would be subject to federal income
                taxation in respect of such funds or other assets prior to the
                Participant's actual receipt thereof as a Termination or Retirement
                Benefit or other payout of benefits under the Plan, such right of
                the
                Participant shall be restricted to the extent necessary so that the
                Participant does not have such constructive receipt or economic
                benefit.

            

    

    

    
      	
              16.2

            	
              Employer's
                Liability.
                An Employer's liability for the payment of benefits shall be defined
                only
                by the Plan and the Plan Agreement, as entered into between the Employer
                and a Participant. An Employer shall have no obligation to a Participant
                under the Plan except as expressly provided in the Plan and his or
                her
                Plan Agreement.

            

    

    

    
      	
              16.3

            	
              Nonassignability.
                Neither a Participant nor any other person shall have any right to
                commute, sell, assign, transfer, pledge, anticipate, mortgage or
                otherwise
                encumber, transfer, hypothecate, alienate or convey in advance of
                actual
                receipt, the amounts, if any, payable hereunder, or any part thereof,
                which are, and all rights to which are expressly declared to be,
                unassignable and non-transferable, except that the foregoing shall
                not
                apply to any family support obligations set forth in a court order.
                No
                part of the amounts payable shall, prior to actual payment, be subject
                to
                seizure, attachment, garnishment or sequestration for the payment
                of any
                debts, judgments, alimony or separate maintenance owed by a Participant
                or
                any other person, nor be transferable by operation of law in the
                event of
                a Participant's or any other person's bankruptcy or
                insolvency.

            

    

    

    
      	
              16.4

            	
              Not
                a Contract of Employment.
                The terms and conditions of this Plan shall not be deemed to constitute
                a
                contract of employment between the Company or any Employer and the
                Participant. Such employment is hereby acknowledged to be an "at
                will"
                employment relationship that can be terminated at any time for any
                reason,
                or no reason, with or without cause, and with or without notice,
                unless
                expressly provided in a written employment agreement. Nothing in
                this Plan
                shall be deemed to give a Participant the right to be retained in
                the
                service of the Company or any Employer or to interfere with the right
                of
                the Company or any Employer to discipline or discharge the Participant
                at
                any time.

            

    

    

    
      	
              16.5

            	
              Furnishing
                Information.
                A
                Participant or his or her Beneficiary will cooperate with the Committee
                by
                furnishing any and all information requested by the Committee and
                take
                such other actions as may be requested in order to facilitate the
                administration of the Plan and the payments of benefits hereunder,
                including but not limited to taking such physical examinations as
                the
                Committee may deem necessary.

            

    

    

    
      	
              16.6

            	
              Terms.
                Whenever any words are used herein in the masculine, they shall be
                construed as though they were in the feminine in all cases where
                they
                would so apply; and whenever any words are used herein in the singular
                or
                in the plural, they shall be construed as though they were used in
                the
                plural or the singular, as the case may be, in all cases where they
                would
                so apply.

            

    

    

    
      	
              16.7

            	
              Captions.
                The captions of the articles, sections and paragraphs of this Plan
                are for
                convenience only and shall not control or affect the meaning or
                construction of any of its
                provisions.

            

    

    

    
      	
              16.8

            	
              Governing
                Law.
                Subject to ERISA, the provisions of this Plan shall be construed
                and
                interpreted according to the internal laws of the State of Nevada
                without
                regard to its conflicts of laws
                principles.

            

    

    

    
      	
              16.9

            	
              Notice.
                Any notice or filing required or permitted to be given to the Committee
                under this Plan shall be sufficient if in writing and hand-delivered,
                or
                sent by registered or certified mail, to the address
                below:

            

    

    

    
      	
              Sierra
                Health Services Deferred 

            
	
              Compensation
                Plan Committee 

            
	
              P.O.
                Box 15645 

            
	
              Las
                Vegas, Nevada 89114-5645

            

    

    

    Such
      notice shall be deemed given as of the date of delivery or, if delivery is
      made
      by mail, as of the date shown on the postmark on the receipt for registration
      or
      certification.

    

    Any
      notice or filing required or permitted to be given to a Participant under this
      Plan shall be sufficient if in writing and hand-delivered, or sent by mail,
      to
      the last known address of the Participant.

    

    
      	
              16.10

            	
              Successors.
                The provisions of this Plan shall bind and inure to the benefit of
                the
                Participant's Employer and its successors and assigns and the Participant
                and the Participant's designated
                Beneficiaries.

            

    

    

    
      	
              16.11

            	
              Spouse's
                Interest.
                The interest in the benefits hereunder of a spouse of a Participant
                who
                has predeceased the Participant shall automatically pass to the
                Participant and shall not be transferable by such spouse in any manner,
                including but not limited to such spouse's will, nor shall such interest
                pass under the laws of intestate
                succession.

            

    

    

    
      	
              16.12

            	
              Validity.
                In case any provision of this Plan shall be illegal or invalid for
                any
                reason, said illegality or invalidly shall not affect the remaining
                parts
                hereof, but this Plan shall be construed and enforced as if such
                illegal
                or invalid provision had never been inserted
                herein.

            

    

    

    
      	
              16.13

            	
              Incompetent.
                If the Committee determines in its discretion that a benefit under
                this
                Plan is to be paid to a minor, a person declared incompetent or to
                a
                person incapable of handling the disposition of that person's property,
                the Committee may direct payment of such benefit to the guardian,
                legal
                representative or person having the care and custody of such minor,
                incompetent or incapable person. The Committee may require proof
                of
                minority, incompetency, incapacity or guardianship, as it may deem
                appropriate prior to distribution of the benefit. Any payment of
                a benefit
                shall be a payment for the account of the Participant and the
                Participant's Beneficiary, as the case may be, and shall be a complete
                discharge of any liability under the Plan for such payment
                amount.

            

    

    

    
      	
              16.14

            	
              Court
                Order.
                The Committee is authorized to make any payments directed by court
                order
                in any action in which the Plan or the Committee has been named as
                a
                party. In addition, if a court determines that a spouse or former
                spouse
                of a Participant has an interest in thePlan as the result of a property
                settlement or otherwise, the Committee, in its sole discretion, shall
                have
                the right, notwithstanding any election made by a Participant and
                notwithstanding the provisions of Section 16.3, to take actions it
                deems
                necessary or appropriate in order to comply with the order of the
                court.
                In such case, unless otherwise determined by the Committee, the following
                rules will apply:

            

    

    

    
      	 	
              (a)

            	
              If
                the court's order directs immediate payment to or for the benefit
                of the
                spouse or former spouse (or a dependent family member), the Participant's
                Deferral Account or portion thereof subject to such order shall be
                valued
                as of the date of the court order and paid out in accordance therewith
                as
                a lump sum within 60 days thereafter.

            

    

    

    
      	 	
              (b)

            	
              If
                the court's order directs payment to or for the benefit of the spouse
                or
                former spouse (or a dependent family member) at a future date, the
                Participant's Deferral Account shall be segregated, as of the date
                of the
                court order, into two subaccounts, one representing the portion subject
                to
                the court's order for payment to the spouse or former spouse (the
                "Court
                Order Subaccount") and the other representing the portion that is not or
                will not thereafter be required to be paid to such spouse or former
                spouse
                (the "Non-Court Order Subaccount"). Both of these Subaccounts shall
                be
                maintained in the name of the Participant. The Court Order Subaccount
                shall be reallocated, as of the date of the court order, to the
                Measurement Fund that is a money market or other cash equivalent
                fund, and
                shall remain in such Measurement Fund without reallocation until
                such
                Subaccount is paid out. The Court Order Subaccount shall be paid,
                to or
                for the benefit of the spouse or former spouse (or dependent family
                member) or otherwise in accordance with the court order, at the earlier
                of
                the time specified in the court order or the time that portion of
                the
                Deferral Account otherwise would have been paid under the Plan; provided,
                however, that if an event occurs that triggers a payout or benefit
                under
                Article 4, 5, 6, 7 or 8, the Court Order Subaccount shall be paid
                in
                accordance with the such applicable Article, and provided further,
                that
                the Court Order Subaccount shall remain subject to any vesting and
                other
                restrictions under the Plan. The Non-Court Order Subaccount shall
                remain
                subject to the terms and conditions of the Plan without
                limitation.

            

    

    

    
      	 	
              (c)

            	
              The
                Committee shall send written notice to the Participant explain the
                actions
                and rights under this Section 16.14 with respect to the Participant's
                Deferral Account, including (i) the reallocation of the Court Order
                Subaccount to the money market or cash equivalent Measurement Fund,
                (ii)
                the federal income tax consequence to the Participant upon payment
                of the
                Court Order Subaccount, and (iii) any aspect of the court order with
                which
                the Company cannot comply.

            

    

    

    16.15     
       Distribution
      in the Event of Taxation.

    

    
      	 	
              (a)

            	
              In
                General.
                If, for any reason, all or any portion of a Participant's benefit
                under
                this Plan becomes taxable to the Participant prior to receipt, a
                Participant may petition the Committee before a Change in Control,
                or the
                trustee of the Trust after a Change in Control, for a distribution
                of that
                portion of his or her benefit that has become taxable. Upon the grant
                of
                such a petition, which grant shall not be unreasonably withheld (and,
                after a Change in Control, shall be granted), a Participant's Employer
                shall distribute to the Participant immediately available funds in
                an
                amount equal to the taxable portion of his or her benefit (which
                amount
                shall not exceed a Participant's Account Balance under the Plan).
                If the
                petition is granted, the tax liability distribution shall be made
                within
                90 days of the date when the Participant's petition is granted. Such
                a
                distribution shall affect and reduce the benefits to be paid under
                this
                Plan.

            

    

    

    
      	 	
              (b)

            	
              Trust.
                If the Trust terminates in accordance with Section 3.7(e) of the
                Trust and
                benefits are distributed from the Trust to a Participant in accordance
                with that Section, the Participant's benefits under this Plan shall
                be
                reduced to the extent of such
                distributions.

            

    

    

    
      	
              16.16

            	
              Legal
                Fees To Enforce Rights After Change in Control.
                The Company and each Employer is aware that upon the occurrence of
                a
                Change in Control, the Board or the board of directors of the Employer
                (which might then be composed of new members) or a shareholder of
                the
                Company or the Employer, or of any successor corporation might then
                cause
                or attempt to cause the Company, the Employer or such successor to
                refuse
                to comply with its obligations under the Plan and might cause or
                attempt
                to cause the Company or the Employer to institute, or may institute,
                litigation seeking to deny Participants the benefits intended under
                the
                Plan. In these circumstances, the purpose of the Plan could be frustrated.
                Accordingly, if, following a Change in Control, it should appear
                to any
                Participant that the Company, its Employer or any successor corporation
                has failed to comply with any of its obligations under the Plan or
                any
                agreement thereunder or, if the Company, such Employer or any other
                person
                takes any action to declare the Plan void or unenforceable or institutes
                any litigation or other legal action designed to deny, diminish or
                to
                recover from any Participant the benefits intended to be provided,
                then
                the Company and the Employer irrevocably authorize such Participant
                to
                retain counsel of his or her choice at the expense of the Company
                and the
                Employer (who shall be jointly and severally liable) to represent
                such
                Participant in connection with the initiation or defense of any litigation
                or other legal action, whether by or against the Company, the Employer
                or
                any director, officer, shareholder or other person affiliated with
                the
                Company, the Employer or any successor thereto in any
                jurisdiction.

            

    

    

    IN
      WITNESS WHEREOF, the Company has signed this amended and restated Plan document
      as of December 5, 2006.

    

    

    

    
      	
              SIERRA
                HEALTH SERVICES, INC.,

            
	
               
                a Nevada corporation

            
	 	 
	
               By:

            	
              /s/
                Anthony M. Marlon, M.D.

            
	
               Name:

            	
              Anthony
                M. Marlon, M.D.

            
	
              
                 Title:

              

            	
              
                Chairman
                  and CEOEXHIBIT 10-9 (m)

     

    EXHIBIT
      10.9

    
 

    

    

    

    FY
      2006 MANAGEMENT INCENTIVE COMPENSATION PLAN

    

    You
      have
      been selected to participate in the Sierra Health Services, Inc. (hereafter
      referred to as “the Company”) FY 2006 Management Incentive Compensation Plan
      (the “Plan”). The Plan is intended to reward key employee performance for
      assisting the Company in achieving financial success and maximizing shareholder
      value. Your participation in the Plan is subject to the Terms and Conditions,
      contained herein, and being employed in an eligible position as determined
      annually by the Company. The Plan is designed to reward Participants for meeting
      specific individual and Company objectives, and for assisting the Company in
      achieving specific financial objectives.

    

    TARGET
      PAYOUT:

    Participants
      will be eligible for an incentive payout expressed as a percent of base annual
      salary. If 100% of all objectives are achieved, Participants will be eligible
      for the following awards as a percent of the Participant’s base annual
      salary:

    

    

    
      	
              CEO/Chief
                of Staff

            	
              100%

            	
               

            
	 	 
	
              Vice
                President/Subsidiary President

            	
              25%
                - 90%

            	
               

            
	
              Assistant
                Vice President

            	
              30%
                - 40%

            	
            
	
              Director

            	
              15%
                - 35%

            	
            

    

    

    

    PLAN
      DESIGN

    

    

    
      	
              Financial
                Performance

            	
              85%

            	
            
	 	 
	
              Quality
                Objectives

            	
              10%

            	
            
	 	 
	
              Turnover
                Objectives

            	
              5%

            	
               

            
	 	 
	
              Total

            	
              100%

            	
               

            

    

    

    

    *See
      page 3 for former W/C employee bonus Calculations.

    

    CEO’S
      CHALLENGE

    

    The
      President of the MHD Division and the Corporate staff will have a special
      objective added to the Plan. The successful achievement of this challenge
      objective will result in that subsidiary or division becoming eligible for
      an
      extra 10%
      payment
      pool for selected Participants after all other calculations have been
      finalized.

    

    INDIVIDUAL
      PERFORMANCE/CONTRIBUTION

    

    The
      Individual Performance Objective/Contribution will be a multiplier times the
      sum
      of the above criteria. The total of the above criteria will be multiplied by
      0%
      to a maximum of 125%.

    
      	 	
              Example:

            	
              Director
                at $100,000 salary, eligible for 25% Incentive

            	 
	 	
              Financial
                Performance

            	
              95%

            	
              Times
                85% weight

            	 	
              =     
                .808

            	 
	 	
              Quality
                Objective

            	
              100%

            	
              Times
                10% weight

            	 	
              =     
                .100

            	 
	 	
              Turnover
                Objective 

            	
              100%

            	
              Times
                5% weight

            	 	
              =     
                .050

            	 
	 	 	 	 	 	         .958	 
	 	
              Individual
                Performance/Contribution

            	 	
              X
                1.05

            	 
	 	 	 	 	
              =
                1.005 X $100,000 X 25%

            
	 	 	 	 	
              =
                $25,134.38

            	 

    

    

    

    Individual
      Performance may be adjusted for Individual contribution. There will be a
      distribution guideline of individual performance/contribution results in FY
      2006. No greater than the following percentages of the Corporate group’s or
      Division’s Participant’s ratings for individual objectives may be
      achieved:

    

    
      	 	
              Rating

            	
              Maximum
                Percent

            
	
              ·  115%
                -125%

            	
              10%
                of eligible Participants

            
	
              ·  105%
                -114%

            	
              20%
                of eligible Participants

            
	
              ·  95%
                -104%

            	
              40%
                of eligible Participants

            
	
              ·  85%
                - 94%

            	
              20%
                of eligible Participants

            
	
              ·  75%
                - 84%

            	
              7%-10%
                of eligible Participants

            
	
              ·  50%
                - 74%

            	
              Up
                to 3% of eligible Participants

            
	
              ·  <
                50% will be considered unsatisfactory performance such that Participants
                may be ineligible for a Plan incentive 

            
	
              payment
                as determined in its sole discretion, by the Incentive Plan Compensation
                Committee.

            

    

    Notes:

    
      	·  	
            	
              The
                bonus of certain employees who were previously employed with the
                Workers
                Compensation Division will be subject to such additional performance
                or
                financial factors as determined by the Chief Executive Officer of
                Sierra
                Health Services and/or the Incentive Plan Compensation Committee.
                

            

    

    
      	·  	
            	
              Financial
                Performance is defined as Operating Income, including eligible bonus
                expense, expressed as a percent of targeted Operating Income. Financial
                Cash Flow will be expressed as a percent of Target Cash Flow, (EBITA).
                The
                Company’s financial objective is actual consolidated Net Income compared
                to Net Income target. All figures are expressed as actual results
                divided
                by planned financial results, expressed as a percent. The Company’s Chief
                Financial Officer will determine the interpretation of Operating
                Income,
                Taxes, Depreciation Expense, and Cash Flow. Disputes regarding Plan
                definitions will be resolved as determined by the Incentive Plan
                Compensation Committee in their sole
                discretion.

            

    

    
      	·  	
            	
              No
                payments will be made under the Plan to the extent that such payments
                would place the Company in violation of any laws, regulations or
                bank
                covenants under its credit
                facility.

            

    

    

    POOL
      THRESHOLD & SIZE

    

    An
      incentive pool will be established and used as the basis for payouts under
      the
      Plan based upon the degree to which SHS achieves specific financial objectives.
      The following chart summarizes the ‘Company’ payout levels when the specified
      level of financial performance has been achieved.
      The
      Company’s Chief Executive Officer has the discretion to review and alter the
      threshold based on specific business circumstances and conditions. For the
      Company payout schedule, refer to the attached Financial Matrix.

    

    

    COMPANY/SUBSIDIARY
      ACHIEVEMENT

    

    Financial
      thresholds, targets and high achievement levels (achievement over 100%) for
      payouts will be determined for the Corporation, and divisions/subsidiaries
      based
      upon annual financial results as determined by the Incentive Plan Compensation
      Committee and the Chairman & CEO. Payouts in the Matrices are based on the
      achievement of sample financial results. Actual Plan payments will be
      interpolated for actual results.

    

    COMPANY
      OBJECTIVES

    

    The
      Chairman & CEO and the Incentive Plan Compensation Committee will establish
      Company-wide objectives and the appropriate weight that each
      Participant is responsible for assisting the Company to achieve. Categories
      may
      include, but are not limited to: quality
      of care, quality of service, turnover rates, growth objectives, expense
      management, specific management objectives, community or public relations,
      or
      specific individual competency development objectives.

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    The
      FY 2006 Targeted Operating Segment Objectives are:

    

    
      	1.  	
              Quality
                of Service & Quality of
                Care

            

    

    

    Managed
      Care Division:

    The
      criteria for this objective are the sum of the Quality Standards score (75
      points possible) plus the HEDIS score (12.5 points possible) and the customer
      satisfaction score (12.5 points possible). 

    

    
      	
              
                Percent
                  of 

                Bonus
                  

                Achieved

              

            	
              Range
                of 

              HEDIS/CAHPS

              +
                Standard Score

            	
              
                Percent
                  Increase

              

            
	
              150%

            	
              86.1-100.0

            	
              Achieve
                “Excellent” Status

            
	
              125%

            	
              85.9+86.0

            	
              Achieve
                “Commendable” Status

            
	
              120%

            	
              85.7-85.8

            	
              Achieve
                “Commendable” Status

            
	
              
                115%

              

            	
              85.5-85.6

            	
              Achieve
                “Commendable” Status

            
	
              
                110%

              

            	
              85.3-85.4

            	
              Achieve
                “Commendable” Status

            
	
              105%

            	
              85.1-85.2

            	
              Achieve
                “Commendable” Status

            
	
              100%

            	
              80.0-85.0

            	
              Achieve
                “Commendable” Status

            
	
              50%

            	
              65.0-79.99

            	
              Achieve
                “Accredited” Status

            
	
              
                0%

              

            	
              <65.0

            	
              Falls
                Below “Accredited” Status

            

    

    

    
      	2.  	
              Employee
                Turnover

            

    

    

    Each
      Business Unit (e.g. BHO, FHH, SMA) will use their actual FY 2005 voluntary
      turnover as the baselines from which the objectives will be
      determined.

    

    
      	
              Business
                Unit

            	
              
                
                  2006

                  Objective

                

              

            	
              
                2005
                  Actual

                Voluntary

              

            
	
              BHO

            	
              14.0%

            	
              30.0%

            
	
              
                FHH

              

            	
              14.0%

            	
              14.0%

            
	
              FHS

            	
              12.6%

            	
              12.6%

            
	
              
                THC

              

            	
              15.1%

            	
              21.2%

            
	
              HPN

            	
              15.0%

            	
              15.5%

            
	
              
                SHL

              

            	
              14.0%

            	
              15.2%

            
	
              SHO

            	
              14.0%

            	
              22.2%

            
	
              SMA

            	
              18.0%

            	
              20.5%

            
	
              SNA

            	
              20.0%

            	
              23.3%

            
	
              SHS

            	
              10.0%

            	
              10.0%

            

    

    

    Turnover:
      If the turnover objective is achieved, the Business Unit will receive 5%. If
      the
      turnover objective is exceeded by greater than five percent, the Business Unit
      will receive an additional
      5%.

    

    INDIVIDUAL
      OBJECTIVES

    

    Payment
      of individual objectives may range from 0%
      to
      125%
      of the
      Participant’s Individual Objective target. This number will be used as a
      multiplier based upon the sum of the financial and other company objectives
      have
      been achieved versus planned goals. Any individual rating less
      than 50%
      will be
      considered unsatisfactory performance, and the Participant may be ineligible
      for
      any incentive payment. The Division senior executive or corporate Vice President
      will recommend a percentage to the Incentive Plan Compensation Committee (whose
      membership is defined in the Plan document). However, the Incentive Plan
      Compensation Committee will, in its sole discretion, determine the percentage
      award for the Participant. Individual objectives may include, but are not
      limited to: meeting
      specified revenue, market penetration, geographic business expansion goals,
      cost
      targets and goals relating to acquisitions or divestitures.

    

    

    MINIMUM
      PERFORMANCE

    

    To
      be
      eligible, a participant must have achieved at least a ‘successful’ performance
      review in his/her most recent formal or informal review and may not be on any
      Performance Improvement Plan on the date of the payout. A Participant who has
      successfully completed a Performance Improvement Plan shall have his/her
      incentive plan payout prorated by the length of time on the Performance
      Improvement Plan.

    

    
 

    

    PLAN
      DOCUMENT FOR

    

    THE
      FY 2006 MANAGEMENT INCENTIVE COMPENSATION PLAN

    

    TERMS
      & CONDITIONS

    

    
      	1.  	
              The
                Plan shall be known as “The Sierra Health Services, Inc. (hereafter known
                as the “Company”) FY 2006 Management Incentive Compensation
                Plan”.

            

    

    

    
      	2.  	
              Plan
                Year will be January 1, 2006 - December 31,
                2006.

            

    

    

    
      	3.  	
              Participants
                are defined as active eligible employees as defined by the Compensation
                Committee, Sierra Health Services, Inc. The Incentive
                Plan Compensation Committee
                is
                comprised of the Chief of Staff, SHS, the Vice President of Human
                Resources, the Senior Vice President Legal and Administration for
                Sierra
                Health Services, the Chief Financial Officer for Sierra Health Services
                and the President of the Managed Healthcare
                Division.

            

    

    

    
      	A.  	
              The
                participant must be employed at Sierra Health Services or one of
                its
                Subsidiaries.

            

    

    

    
      	B.  	
              If
                the employee is no longer employed by or has given notice of intent
                to
                terminate from Sierra Health Services on
                the date of the Payout,
                he/she will be ineligible for a bonus payout unless otherwise recommended
                by the Incentive Plan Compensation
                Committee.

            

    

    

    
      	C.  	
              Participants
                who are not in an eligible position for the full plan year may receive
                a
                prorated bonus, at the Incentive Plan Compensation committee’s discretion,
                if all other eligibility and performance requirements are otherwise
                satisfied.

            

    

    

    
      	D.  	
              The
                participant’s performance appraisal rating for the plan year must be at
                least a “Successful” to be eligible for a payout under the
                Plan.

            

    

    

    

    PLAN
      DOCUMENT FOR

    THE
      FY
      2006 MANAGEMENT INCENTIVE COMPENSATION PLAN

    TERMS
      & CONDITIONS - CONTINUED

    

    
      	4.  	
              Payment
                under this Plan, if any, shall be based on the employee’s accomplishment
                of the specified objectives, subject to the approval of the Incentive
                Plan
                Compensation Committee and the Compensation Committee of the Sierra
                Health
                Services’ Board of Directors. Accomplishment of individual objectives
                shall fall within the attached bonus range and may exceed or may
                be less
                than 100% of target and shall be determined by Incentive Plan Compensation
                Committee. The Incentive Plan Compensation Committee reserves the
                right to
                offer Sierra Health Services stock options or other equity to Participants
                up to 50% of value of their incentive
                payment.

            

    

    

    
      	5.  	
              All
                payouts under this Plan, including those for 16(b) employees, are
                subject
                to prior approval by the Compensation Committee of the Company’s Board of
                Directors.

            

    

    

    
      	6.  	
              Participant’s
                rights under the Plan may not be assigned or transferred in any
                way.

            

    

    

    
      	7.  	
              The
                Plan may be amended, modified, suspended or terminated by the Company
                at
                any time without prior consent by or notice to employees. The Company
                at
                its sole discretion without prior consent or notice may change objectives
                at any time for eligible
                participants.

            

    

    

    
      	8.  	
              The
                Plan shall be unfunded. The Company shall not be required to establish
                any
                special or separate fund or to make any other segregation of assets
                to
                assure the payment of the amounts under the Plan. Rights to the payment
                of
                amounts under the Plan shall be no greater than the rights of the
                Company’s general creditors.

            

    

    

    
      	9.  	
              Nevada
                State law governs the validity, construction, interpretation,
                administration and effect of the Plan, and the substantive laws,
                except
                for the choice of law, and rules of the State of Nevada shall govern
                rights relating to the Plan. If any part of this Plan is ruled to
                be
                invalid by any judicial body, the remainder of the document shall
                continue
                to be in force.

            

    

    

    
      	10.  	
              All
                applicable employment, benefit and tax deductions will be withheld
                from
                the incentive payout.

            

    

    PLAN
      DOCUMENT FOR

    THE
      FY
      2006 MANAGEMENT INCENTIVE COMPENSATION PLAN

    TERMS
      & CONDITIONS - CONTINUED

    

    
      	11.  	
              Participant
                -
                A Participant in the Plan is an employee of Sierra Health Services
                Inc.,
                or its subsidiaries who has been: (a) selected by the Company to
                participate for the Plan Year; (b) who executes this agreement to
                participate in the Plan for the Plan Year; and (c) who is employed
                by the
                Company on the date of the payout. No employee of the Company has
                the
                right or is guaranteed the right to participate in the Plan by virtue
                of
                being an employee of the Company or fulfilling any specific position
                with
                the Company. Selection for participation in the Plan is solely within
                the
                discretion of the Company. Sierra Health Services, Inc. may offer
                participation in the Plan to additional employees or terminate the
                participation of any Participant in the Plan any time during the
                Plan
                Year.

            

    

    

    
      	12.  	
              Transfer/Promotion
                within the Business Unit Organization
                -
                Plan Participants who are transferred or promoted during the Plan
                Year to
                another job within Sierra Health Services, Inc. or its subsidiaries,
                not
                covered by the Plan will receive, subject to approvals, a prorated
                payment
                following year-end based on their achievement of specified objectives
                during eligible month(s) as determined by Company. Similarly, an
                employee
                who becomes an eligible Participant in the Plan Year, with
                at least 3 months service as an eligible Participant,
                may receive, subject to approvals, a prorated payment following year-end
                based on their achievement of specified objectives during eligible
                month(s) as determined by Company in its sole
                discretion.

            

    

    

    
      	13.  	
              Termination
                of Employment
                -
                Participants, who terminate their employment voluntarily or involuntarily
                from the Company or who have given notice of intent to terminate
                from the
                Company during the Plan Year and until the Plan date of payout, will
                not
                be eligible for any bonus payment under the Plan. Any exceptions
                will be
                determined on an individual basis at the sole discretion of the Incentive
                Plan Compensation Committee.

            

    

    

    
      	14.  	
              Retirement/Death/Disability
                -
                Termination of employment during the Plan Year and until the Plan
                date of
                payout as a result of retirement, death, or disability may constitute
                eligibility for a prorated payment as determined by the Company in
                their
                sole discretion.

            

    

    PLAN
      DOCUMENT FOR

    THE
      FY
      2006 MANAGEMENT INCENTIVE COMPENSATION PLAN

    TERMS
      & CONDITIONS - CONTINUED

    

    
      	15.  	
              Windfalls/Business
                Losses
                -
                Revenues classified as “windfalls” or business losses or charges against
                net income may or may not be excluded in whole or in part from the
                calculation of revenue or profit objectives at the sole discretion
                of the
                Chief Executive Officer. Similarly, significant declines in revenue
                volume
                will be reviewed prior to any bonus award. Examples of such circumstances
                include, but are not limited to: excluding acquisition-related and
                FY 2006
                charges and non operating unusual charges, windfalls or business
                losses
                resulting from any acquisition or disposition by the corporation
                as
                determined by the Compensation Committee of Sierra Health Services
                Board
                of Directors or the absence of cash flow through the majority of
                the
                fiscal year and the subsequent receipt of a large cash receivable
                in the
                last quarter of the fiscal year when evaluating the achievement of
                cash
                flow objectives.

            

    

    

    
      	16.  	
              Company
                Rights
                -
                Notice of participation in the Plan shall not impair or limit the
                Company’s right to transfer, promote, or demote plan participants to other
                jobs or to terminate their employment. Nor shall the Plan create
                either
                claim or right to receive any payment under the Plan or any right
                to be
                retained in the employment of the Company or its
                affiliates.

            

    

    

    
      	17.  	
              Non-Continuation
                -
                The Plan is established for the current fiscal year. There shall
                be no
                obligation on the part of the Company to continue the Plan in the
                same or
                a modified form for any future
                years.

            

    

    

    
      	18.  	
              Resolution
                of Disputes
                -
                In the event that a Participant has a dispute concerning the
                administration of this Plan, it should first be submitted in writing
                to
                the Vice President, Human Resources. In the event that the Vice President
                does not provide a response satisfactory to the participant with
                fifteen
                (15) days, the Participant may submit the dispute in writing, within
                five
                (5) working days thereafter, to the Incentive Plan Compensation Committee
                - Sierra Health Services, Inc., whose decision regarding the dispute
                shall
                be final and binding on each Participant or person making a claim
                under
                the Plan.

            

    

    

    
      	19.  	
              Effect
                on Previous Plans
                -
                The Plan is effective January
                1, 2006,
                and supersedes and replaces all previous management bonus plans.
                All such
                previous Plans, unless earlier terminated, are terminated effective
                at
                midnight,
                December 31, 2005.
                If not renewed by the Company or its designated representative(s),
                the
                Plan will automatically terminate on December 31 of each year. Any
                changes
                in the Plan will constitute a new Plan for the next Plan
                year.

            

    

    

    
      	20.  	
              Achievement
                Beyond Payout Grids - Sierra
                Health Services reserves the right to increase the level of individual
                payouts up
                to 3 Times the 100% payout level,
                based upon improved profitability and or other performance measures
                as
                determined by the Incentive Compensation
                Committee.

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