Document:

<PAGE>   1
                                                                    Exhibit 10.6

NON-STANDARDIZED PROFIT SHARING/THRIFT PLAN WITH 401(k) FEATURE
ADOPTION AGREEMENT NUMBER 001-03

This Adoption Agreement, when executed by the Employer and accepted by the Plan
Administrator, and the Trustee, if applicable, and accepted by Connecticut
General Life Insurance Company, establishes the Employer's Plan and Trust, if
applicable, for the benefit of its eligible Employees and their Beneficiaries.
The terms of the Connecticut General Life Insurance Company Defined Contribution
Plan are expressly incorporated therein and shall form a part hereof as fully as
if set forth herein except that if more than one election is provided, only that
election made by the Employer shall be so incorporated. The terms of the Plan so
incorporated together with the terms of this Adoption Agreement shall constitute
the sole terms of the Employer's Plan and Trust, if applicable, and no further
trust instrument or other instrument of any nature whatsoever shall be required.
The Employer's participation under the Plan shall be subject to all the terms
set forth therein and in this Adoption Agreement.

-> Note: Section 414(d) governmental plans and section 414(e) nonelecting
church plans that do not wish to provide ERISA-required benefits should not
adopt this document.

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION            GENERAL INFORMATION
--------------------------------------------------------------------------------

<S>                <C>
                   Legal Name of Employer:  First International Bancorp, Inc.

                   Address:  280 Trumbull Street

                   City:  Hartford                  State:  CT       Zip:  06103

                   Plan Name:  First International Bancorp, Inc. 401(k) Plan

                   Plan Number:  002

                   ->  To be assigned by the Employer.  For example: 001, 002, and so on.

                   Employer's EIN:  06-1151731

                   Classification of Business:

                   [X]  C Corporation            [ ]  S Corporation         [ ] Partnership
                   [ ]  Sole Proprietorship      [ ]  Tax-Exempt/Nonprofit Organization
                   [ ]  Other: __________________________________________________
</TABLE>

                                      -1-
<PAGE>   2
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION            GENERAL INFORMATION
--------------------------------------------------------------------------------
<S>                <C>

                   Employer Tax Status:

                   Tax Year Ends (MM/DD):  December 31

                   Tax Basis:       [ ]   Cash     [X]   Accrual

1.20               Effective Date:

                   The adoption of the CONNECTICUT GENERAL LIFE INSURANCE COMPANY Non-Standardized Profit Sharing/Thrift Plan with
                   401(k) Feature shall:

                   [ ]  A.  Establish a new Plan effective as of (MM/DD/YY): _______________.
                   [X]  B.  Constitute an amendment and restatement in its entirety of a previously
                            established Qualified Plan of the Employer which was effective October 1, 1990 (hereinafter
                            called the "Effective Date").  The effective date of this amendment and restatement is July 1, 1999.

                   Merger Data:

                   This Plan includes funds from a prior or coincidental merger of a:

                   [ ]   A.  Money Purchase Plan
                   [ ]   B.  Target Benefit Plan
                   [X]   C.  Not Applicable

                   Sponsoring Organization:

                   Connecticut General Life Insurance Company
                   P.O. Box 2975
                   Hartford, CT 06104
                   860.534.2298
</TABLE>

                                      -2-
<PAGE>   3
                                       TABLE OF CONTENTS

<TABLE>
<CAPTION>
   ARTICLE                                                                                PAGE
<S>                                                                                      <C>
      I.   Nontrusteed, Trust, and Trustee..............................................  4

     II.   Plan Administrator...........................................................  4

    III.   Plan Year....................................................................  5

     IV.   Compensation.................................................................  6

      V.   Highly Compensated Employee..................................................  7

     VI.   Service......................................................................  8

    VII.   Eligibility Requirements.....................................................  10

   VIII.   Entry Date...................................................................  13

     IX.   Vesting......................................................................  15

      X.   Contributions................................................................  18

     XI.   Contribution Period..........................................................  28

    XII.   Allocation of Contributions..................................................  29

   XIII.   Limitations on Allocations...................................................  31

    XIV.   Investment of Participant's Accounts.........................................  32

     XV.   Life Insurance...............................................................  32

    XVI.   Employer Stock...............................................................  33

   XVII.   Withdrawals Preceding Termination............................................  34

  XVIII.   Loans to Participants, Beneficiaries and Parties-in-Interest.................  38

    XIX.   Retirement and Disability....................................................  39

     XX.   Distribution of Benefits.....................................................  40

    XXI.   Qualified Preretirement Survivor Annuity.....................................  41

   XXII.   Amendment of the Plan........................................................  41

  XXIII.   Top-Heavy Provisions.........................................................  42

   XXIV.   Other Adopting Employer......................................................  44
</TABLE>

                                      -3-
<PAGE>   4
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION               I. NONTRUSTEED, TRUST, AND TRUSTEE
--------------------------------------------------------------------------------

-> The Plan must have a Trustee if the Employer has elected Employer Stock,
Loans, investment in Life Insurance, and/or any investment other than through a
contract with Connecticut General Life Insurance Company.

-> If the Plan is trusteed, the Employee must apply for a Trust Tax
Identification Number, unless the Trust already has obtained one, even if CG
Trust Company has been appointed as the Plan's Trustee.

               The Plan is:

1.39           []   A.   Nontrusteed.

1.73, 1.74     []   B.   Trusteed and Trustees are:

                        Trustee(s) Name(s): ___________________________________

                        Address: ______________________________________________

                        City: ___________________   State: ________ Zip: ______

                        Trust EIN: _______________

1.73, 1.74     [X] C.   Trusteed and CG Trust Company has been appointed as the
                        Plan's Trustee:

                            Trust Name:   CG Trust Company

                            Address:      525 West Monroe Street, Suite 1900
                                          Chicago, IL 60661-3629

                        Employer's Trust EIN:  TBD

--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                     II. PLAN ADMINISTRATOR
--------------------------------------------------------------------------------

1.50           The Plan Administrator is:

                   Name:     First International Bancorp, Inc.

                   Address:      280 Trumbull Street

                   City:     Hartford        State:  CT       Zip:  06103

                                      -4-
<PAGE>   5
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                     III. PLAN YEAR
--------------------------------------------------------------------------------

1.51           A.  The Plan Year will mean:

                   [ ]  1.  The 12-consecutive-month period commencing on
                            (MM/DD/YY) and each anniversary thereof except that
                            the first plan year will commence on (MM/DD/YY).

                        This election may be made only for new plans.

                   [X]  2.  The 12-consecutive-month period commencing on
                            (MM/DD/YY) January 1, 1999  and each anniversary
                            thereof.

                                      -5-
<PAGE>   6
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                     IV. COMPENSATION
--------------------------------------------------------------------------------

             ->    (i)     Election of options 1-6 below does not require a
                           separate nondiscrimination test.

             ->    (ii)    If option 1, 2 or 3 is elected, you must elect the
                           same definition of Compensation in Section XIII,
                           Limitations on Allocations.

             ->    (iii)   Options 1-6 include lump sum amounts and/or cash
                           bonuses. These amounts are included in compensation
                           in the year in which paid.

             ->    (iv)    Options 4-9 may not be elected by a plan that uses an
                           integrated allocation formula.

             ->    (v)     This compensation definition is for purposes of
                           allocating contributions under the Plan. For
                           nondiscrimination testing, the Employer may use any
                           definition of compensation that is based upon Code
                           section 414(s) or 415(c)(3). Use of options 7, 8 or 9
                           for nondiscrimination testing requires that the
                           employer satisfy a separate compensation
                           nondiscrimination test.

               A.  Indicate the number of the Compensation definition that will
                   be used for allocating each type of contribution.
                        Elective Deferral Contributions:  9
                        Matching Contributions:     9
                        Nonelective  Contributions:     9
                        Employee Contributions:

1.12           For purposes of allocating contributions, Compensation means:

1.12(a)        1.  Wages, Tips and Other Compensation Box on Form W-2.

1.12(b)        2.  Section 3401(a) wages.

1.12(c)        3.  415 safe-harbor compensation

1.12(d)        4.  Modified Wages, Tips, and Other Compensation Box on Form W-2

1.12(e)        5.  Modified section 3401(a) wages

1.12(f)        6.  Modified 415 safe-harbor compensation.

1.12(g)        7.  Regular or base salary or wages.

1.12(h)        8.  Regular or base salary or wages plus [ ] OVERTIME and/or
                   [ ] BONUSES

1.12(i)        9.  A "reasonable alternative definition of Compensation," as
                   that term is used under Code section 414(s)(3) and the
                   regulations thereunder.

                   The definition of Compensation is: W-2 wages excluding
                   bonuses, taxable fringe benefits & moving expenses

                   -> Lump sum amounts and/or cash bonuses may be excluded only
                   if specified in this definition. Also see note (v) above.

                                      -6-
<PAGE>   7
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                       IV. COMPENSATION
--------------------------------------------------------------------------------

1.12           B.  Compensation shall be determined over the following
                   determination period:

                   [X]   1. The Plan Year
                   [ ]   2. A 12-consecutive-month period beginning on (MM/DD)
                           ________ and ending with or within the Plan Year. For
                           Employees whose date of hire is less than 12 months
                           before the end of the designated 12-month period,
                           Compensation will be determined over the Plan Year.

                   [ ]  3. The Plan Year. However, for the Plan Year in which an
                           Employee's participation begins, the applicable
                           period is the portion of the Plan Year during which
                           the Employee is eligible to participate in the Plan.

1.12           C. Compensation SHALL/SHALL NOT include Employer contributions
                  made pursuant to a salary reduction agreement, which are not
                  includable in the gross income of the Employee under Code
                  Section 125, 402(e)(3), 402(h)(1)(B) or 403(b).

                                   [X] SHALL      [ ] SHALL NOT

1.12           D.  The highest annual Compensation to be used in determining
                   allocations to a Participant's Account shall be:

                   $ __________

                   ->    Enter an amount if less than the $150,000 (as indexed)
                         limitation on compensation.

--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                  V. HIGHLY COMPENSATED EMPLOYEE
--------------------------------------------------------------------------------

1.29           A.  Highly Compensated Employees shall be determined using:

1.29(a)            [X]  1. The Traditional Method.

1.29(b)            [ ]  2. The Simplified Method for Employers in more than one
                           geographical area.

1.29(c)            [ ]  3. The alternative Simplified Method.

1.29(d)            [ ]  4. The alternative Simplified Method with Snapshot Day
                           basis.

                     The Snapshot Day is ________ (fill in).

                                      -7-
<PAGE>   8
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                 V. HIGHLY COMPENSATED EMPLOYEE
--------------------------------------------------------------------------------

1.29(a)         B. If A.1 or A.2 is chosen above, the Look-Back Year shall be:

                   [ ]   1.  The 12-month period immediately preceding the
                            Determination Year.

                   [X]   2.  The calendar year ending with or within the
                            Determination Year.

                        -> If B.2. is selected and the Determination Year (Plan
                           Year) is the calendar year, then the Look-Back Year
                           is the same 12-month period as the Determination
                           Year. This avoids having to look back at data from a
                           prior year.

                        -> However, if the Determination Year is not the
                           calendar year, the Determination Year calculation
                           must be made on the basis of a lag period (the period
                           running from the end of the Look-Back Year to the end
                           of the Determination Year), with the applicable
                           dollar amounts adjusted on a pro rata basis for the
                           number of months in the lag period.

--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                          VI. SERVICE
--------------------------------------------------------------------------------

->  Check off appropriate basis for determining service.

2A.3, 2A.9     A.  Hours of Service or Elapsed Time

                   1. Years of Service shall be determined on the following
                      basis:
<TABLE>
<S>                                                         <C>                        <C>
                        A.  Eligibility:                     [X]    Hours of Service    []  Elapsed Time
                        B.  Vesting:                         [X]    Hours of Service    []  Elapsed Time
                        C.  Allocation of Contributions:     [X]    Hours of Service    []  Elapsed Time
</TABLE>

                   2. If service is based on Hours of Service, Hours shall be
                      determined on the basis of:

                      [X] A. Actual hours for which paid or entitled to payment.
                      [ ] B. Days Worked (10 Hours of Service).
                      [ ] C. Weeks Worked (45 Hours of Service).
                      [ ] D. Semimonthly payroll periods (95 Hours of Service).
                      [ ] E. Months Worked (910 Hours of Service).

                  -> For options b, c, d and e: If the Employee would be
                  credited with 1 Hour of Service during the period, the
                  Employee shall be credited with the number of Hours of Service
                  indicated in parentheses.

                                      -8-
<PAGE>   9
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                          VI. SERVICE
--------------------------------------------------------------------------------

                  B.    Service with other employers.

1.24              1.    Service with members of the Employer's controlled group
                        of corporations, affiliated service group, or group of
                        business under common control ("controlled group").

                        ->  Service for an employer while the employer is part
                            of the controlled group must be taken into account.

                        a.  Service with a member of the controlled group prior
                            to it becoming part of the controlled group will be
                            included for all purposes.

                                         [ ]  YES       [X]  NO

2A.5              2. Service with a predecessor organization.

                        -> Service with a predecessor organization of the
                        Employer must be taken into account if the Employer
                        maintains the Plan of the predecessor organization.

                        a.    Service with a predecessor organization will be
                              included for all purposes even if the Employer
                              does not maintain the plan of the predecessor
                              organization.

                                        [X]  YES       [ ]  NO

2A.5              3.    Service with the following subsidiary(ies) or affiliated
                        organization, not related to the Employer under the
                        rules of Code sections 414(b), (c) or (m), shall be
                        considered Service for all purposes of this plan:

                        ________________________________________________________
                        ________________________________________________________
                        ________________________________________________________

                  -> Service credited under 1.a, 2.a and 3 must apply to all
                  similarly situated Employees, must be credited for a
                  legitimate business reason, and must not by design or
                  operation discriminate significantly in favor of Highly
                  Compensated Employees.

                                      -9-
<PAGE>   10
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                   VII. ELIGIBILITY REQUIREMENTS
--------------------------------------------------------------------------------

->    Check or fill out appropriate requirements for each type of contribution
      in the Plan.

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

2A.5(a), 2B.1  A. Eligibility Requirements

                  1.    If Employer is a Partnership or Sole Proprietorship:
                        Self-Employed Individuals are eligible to participate in
                        the Plan.

                                    [ ]  YES       [ ]  NO

                   2.   Immediate Participation.

                        ->    No age or service requirement

                            [ ]  Elective Deferral Contributions
                            [ ]  Matching Contributions
                            [ ]  Nonelective Contributions
                            [ ]  Employee Contributions

                   3.   Service Requirement

                  ->    Not to exceed 1 year if graded vesting; not to exceed 2
                        years if 100% immediate vesting. Not to exceed 1/2 year
                        if graded vesting or 1 1/2 years if 100% immediate
                        vesting if annual Entry Date is chosen in Section VIII
                        "Entry Date." Not to exceed 1 year for Elective Deferral
                        Contributions.

                            [X] Elective Deferral Contributions: 1/2  indicate
                                number of years)
                            [X] Matching Contributions:  1  (indicate number
                                of years)
                            [X] Nonelective Contributions:  1  (indicate
                                number of years)
                            [ ] Employee Contributions: ______ (indicate
                                number of years)

                        -> Fill in the blank(s) above with the amount of
                        service required. Any service requirement not in units
                        of whole years requires service for eligibility to be
                        determined based on elapsed time (see Section VI.A.1.a).

                   4.   Age Requirement.

                        -> Not greater than 21 years. If annual entry date is
                        chosen in Section VIII "Entry Date," not greater than
                        20 1/2 years.

                            [ ] Elective Deferral Contributions: ______
                                (indicate minimum age)
                            [ ] Matching Contributions: ______ (indicate
                                minimum age)
                            [ ] Nonelective Contributions: ______ (indicate
                                minimum age)
                            [ ] Employee Contributions: ______ (indicate
                                minimum age)

                  5.    Employees who were employed on or before the initial
                        Effective Date of the Plan or the Effective Date of the
                        amendment and restatement of the Plan, as indicated on
                        page 2, SHALL/SHALL NOT be immediately eligible without
                        regard to any Age and/or Service requirements specified
                        in 2 or 3 above.

                                         [ ] SHALL      [X] SHALL NOT

                                      -10-
<PAGE>   11
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                   VII. ELIGIBILITY REQUIREMENTS
--------------------------------------------------------------------------------

2B.1
               B.  Job Class Requirements

                   An Employee must be a member of one or more of the following
                   selected classifications:

                   1.   No Job Class Requirements:
                            [X] Elective Deferral Contributions
                            [X] Matching Contributions
                            [X] Nonelective Contributions
                            [ ] Employee Contributions

                   2.   Salaried:
                            [ ] Elective Deferral Contributions
                            [ ] Matching Contributions
                            [ ] Nonelective Contributions
                            [ ] Employee Contributions

                   3.   Hourly:
                            [ ] Elective Deferral Contributions
                            [ ] Matching Contributions
                            [ ] Nonelective Contributions
                            [ ] Employee Contributions

                   4.   Clerical:
                            [ ] Elective Deferral Contributions
                            [ ] Matching Contributions
                            [ ] Nonelective Contributions
                            [ ] Employee Contributions

                   5.   Employees whose employment is governed by a collective
                        bargaining Agreement represented by the following
                        union:_________________________________

                            [ ] Elective Deferral Contributions
                            [ ] Matching Contributions
                            [ ] Nonelective Contributions
                            [ ] Employee Contributions

                   6.   Other: (fill in):______________________
                            [ ] Elective Deferral Contributions
                            [ ] Matching Contributions
                            [ ] Nonelective Contributions
                            [ ] Employee Contributions
                         -> "Part-time" Employees may not be excluded.

                                      -11-
<PAGE>   12
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                   VII. ELIGIBILITY REQUIREMENTS
--------------------------------------------------------------------------------

2B.1           C. Additional Requirements

                  An Employee must be in the following designated division(s)
                  of the Employer:
                  ___________________________________________________________

                  ___________________________________________________________

                  ___________________________________________________________

                        [ ]   Elective Deferral Contributions
                        [ ]   Matching Contributions
                        [ ]   Nonelective Contributions
                        [ ]   Employee Contributions

2B.1           D. An Employee must not be a member of any one of the following
                  groups:

                   1.   Union.

                        ->  Employees who are members of a union are defined as:
                        Employees included in a unit of Employees covered by a
                        collective bargaining agreement between the Employer and
                        employee representatives, if retirement benefits were
                        the subject of good faith bargaining and if two percent
                        or less of the employees of the Employer who are covered
                        pursuant to that agreement are professional employees as
                        defined in section 1.410(b)-9 of the regulations. For
                        this purpose, the term "employee representatives" does
                        not include any organization more than half of whose
                        members are Employees who are owners, officers, or
                        executives of the Employer, unless the collective
                        bargaining agreement provides for coverage under the
                        Plan.

                            [X]   Elective Deferral Contributions
                            [X]   Matching Contributions
                            [X]   Nonelective Contributions
                            [ ]   Employee Contributions

                   2.   Nonresident aliens (within the meaning of Code section
                        7701(b)(1)(B)) who receive no earned income (within the
                        meaning of Code section 911(d)(2)) from the Employer
                        that constitutes income from sources within the United
                        States (within the meaning of Code section 861(a)(3)).

                            [X]   Elective Deferral Contributions
                            [X]   Matching Contributions
                            [X]   Nonelective Contributions
                            [ ]   Employee Contributions

                                      -12-
<PAGE>   13
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                  VII. ELIGIBILITY REQUIREMENTS
--------------------------------------------------------------------------------

               3. Employees covered by the following designated qualified
                  employee benefit plans:

                  ________________________________________________________

                  ________________________________________________________

                  ________________________________________________________

                        [ ]   Elective Deferral Contributions
                        [ ]   Matching Contributions
                        [ ]   Nonelective Contributions
                        [ ]   Employee Contributions

1.15           E. The Plan covers Employees whose conditions of employment are
                  mandated under the Davis-Bacon Act

                                    [ ]  YES       [X]  NO

--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                         VIII. ENTRY DATE
--------------------------------------------------------------------------------

 ->   Check the appropriate requirement for Entry Date.

1.25           A.  Immediately.
                        [ ]   Elective Deferral Contributions
                        [ ]   Matching Contributions
                        [ ]   Nonelective Contributions
                        [ ]   Employee Contributions

1.25           B.  The first day of any month.
                        [X]   Elective Deferral Contributions
                        [X]   Matching Contributions
                        [X]   Nonelective Contributions
                        [ ]   Employee Contributions

1.25           C.  Quarterly (that is, three months apart) on each:

                        (MM/DD) ____________, or (MM/DD) ____________ or
                        (MM/DD) ____________, or (MM/DD) ____________.
                    ->  Fill in dates.
                        [ ]   Elective Deferral Contributions
                        [ ]   Matching Contributions
                        [ ]   Nonelective Contributions
                        [ ]   Employee Contributions

                                      -13-
<PAGE>   14

--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                         VIII. ENTRY DATE
--------------------------------------------------------------------------------

1.25           D. Semiannually (that is, six months apart) on each:
                  (MM/DD) ____________, or (MM/DD) ____________.
                    ->  Fill in dates.
                        [ ]   Elective Deferral Contributions
                        [ ]   Matching Contributions
                        [ ]   Nonelective Contributions
                        [ ]   Employee Contributions

1.25           E.  Annually, on each (MM/DD) ____________.
                    ->  Fill in date.
                        [ ]   Elective Deferral Contributions
                        [ ]   Matching Contributions
                        [ ]   Nonelective Contributions
                        [ ]   Employee Contributions

1.25           F. The first day nearest to the date(s) selected in B, C, D,
                  or E above, whether before or after that date, that the
                  Participant meets the Eligibility Requirements.
                        [ ]   Elective Deferral Contributions
                        [ ]   Matching Contributions
                        [ ]   Nonelective Contributions
                        [ ]   Employee Contributions
                    ->  Allows retroactive entry into the Plan. This may have an
                    effect on various nondiscrimination tests for the Plan.

                                      -14-
<PAGE>   15
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                           IX. VESTING
--------------------------------------------------------------------------------

1.76           A.  Vesting Percentage

                   The Vesting Schedule, based on number of Years or Periods of
                   Service, shall be as indicated below. Indicate the number of
                   the vesting schedule that applies to any Nonelective
                   Contributions, Matching Contributions, and Prior Employer
                   Contributions.
                   The vesting schedules are depicted in 1 through 8, below.

                        Nonelective Contributions are subject to vesting
                        schedule: 3

                        Matching Contributions are subject to vesting
                        schedule: 3

                        Prior Employer Contributions are subject to vesting
                        schedule:

<TABLE>
<S>                     <C>              <C>
                   1.   Immediately =    100%

                   2.   0-3 Years   =    0%
                        3 Years     =    100%

                   3.   1 Year      =    20%
                        2 Years     =    40%
                        3 Years     =    60%
                        4 Years     =    80%
                        5 Years     =    100%

                   4.   0-3 Years   =    0%
                        3 Years     =    20%
                        4 Years     =    40%
                        5 Years     =    60%
                        6 Years     =    80%
                        7 Years     =    100%

                   5.   0-2 Years   =    0%
                        2 Years     =    20%
                        3 Years     =    40%
                        4 Years     =    60%
                        5 Years     =    80%
                        6 Years     =    100%

                   6.   0-5 Years   =    0%
                        5 Years     =    100%

                   7.   1 Year      =    25%
                        2 Years     =    50%
                        3 Years     =    75%
                        4 Years     =    100%
</TABLE>

                                      -15-
<PAGE>   16
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                           IX. VESTING
--------------------------------------------------------------------------------

                   8. Other. Must be at least as liberal as #4 or #6 above.

<TABLE>
<S>                                <C>   <C>
                        ---------   =    ---------
                        ---------   =    ---------
                        ---------   =    ---------
                        ---------   =    ---------
                        ---------   =    ---------
                        ---------   =    ---------
                        ---------   =    ---------
</TABLE>

2A.5(b)     B.    The vesting computation period shall be based on the
                  Employee's service in the:

                        [X]  PLAN YEAR         [ ]  EMPLOYMENT YEAR

2A.7, 2A.10 C.    Excluded Years or Periods of Service.

                  The vesting percentage shall be based on all Years of Service
                  (i.e., completing 1000 hours of Service) or Periods of Service
                  (i.e., Elapsed Time), EXCEPT that the following shall be
                  excluded:

                   Years or Periods of Service:
                   [ ]   1. Prior to the time the Participant attained age 18.

                   [ ]   2. During which the Employer did not maintain the plan
                            or predecessor plan.

                   [ ]   3. During which the Participant elected not to
                            contribute to a plan which required Employee
                            Contributions.

                   [ ]   4.  Rule of Parity (Elapsed Time).
                            ->  Rule of Parity (Elapsed Time): In the event a
                            reemployed Employee has no vested interest in
                            Employer Contributions at the time the break
                            occurred, and has since incurred 5 consecutive
                            1-year Breaks-in-Service, and has a Period of
                            Severance which equals or exceeds his prior Period
                            of Service, such prior Service may be disregarded.

                   [ ]    5. Rule of Parity (Hours of Service).

                        ->  Rule of Parity (Hours of Service): Years of Service
                        prior to a Break-in-Service may be disregarded if the
                        participant had no vested interest in Employer
                        Contributions at the time the break occurred, and the
                        Participant has since incurred 5 consecutive 1-year
                        Breaks-in-Service, and the number of consecutive 1-year
                        Breaks-in-Service is at least as great as the Years of
                        Service before the break occurred.

                   [ ]   6.   Prior to any 1-Year Break-in-Service until the
                              Employee completes a Year of Service following
                              reemployment.

                   [X]   7.  None of the above.

                                      -16-
<PAGE>   17
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                           IX. VESTING
--------------------------------------------------------------------------------

3D.1, 3D.2,    D.  Forfeitures.
2A.7, 2A.10
                   1.   Forfeitures will occur:
                        [X] A.  Immediately
                                [ ]  (1)  Optional Payback Method
                                [X]  (2)  Required Payback Method
                        [ ]  B.  Upon a 1-Year Break-in-Service
                                [ ]  (1)  Optional Payback Method
                                [ ]  (2)  Required Payback Method
                        [ ]  C.  Upon 5 consecutive 1-Year Breaks-in-Service

                   2.   Forfeitures will be:
                        [X]  A. Used as an Employer Credit
                        [ ]  B. Reallocated to Participants' Accounts
                        [ ]  C. Used as an Employer Credit and then, to the
                                extent any Forfeitures remain, reallocated to
                                Participants' Accounts.

                        ->  If choice IX.D.2.b or c is selected and the Plan
                        provides Matching Contributions, the Actual Contribution
                        Percentage (ACP) Test will
                        be affected.

                                      -17-
<PAGE>   18
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                         X. CONTRIBUTIONS
--------------------------------------------------------------------------------

2C.1(k)(1)     A.  Elective Deferral Contributions

                   1.   Availability/Amount
                        [ ]  Not Available under the Plan.
                        [X]  Available under the Plan (complete the following).

                        Each Participant MAY elect to have his Compensation
                        actually paid during the Plan Year reduced by:

                        [ ]  A.  __________ %
                        [ ]  B.  up to  __________ %
                        [X]  C.  from  1% to  15%
                        [ ]  D.  up to the maximum percentage allowable, not to
                                 exceed the limits of Code sections 402(g)
                                 and 415.

                        ->  Lump sum amounts and/or cash bonuses must be subject
                        to the salary deferral election unless the definition of
                        compensation in Section IV.A.9 has been elected and
                        these amounts have been specifically excluded from that
                        compensation definition. Lump sum amounts and cash
                        bonuses are deferred upon and tested in the Plan Year in
                        which paid.

                   2.   Modification

                        A Participant may change the amount of Elective Deferral
                        Contributions the Participant makes to the Plan
                        (complete a and b):

                        [X] a. twelve per calendar year (may be less frequent
                               than one).
                        [X] b. As of the following date(s) (MM/DD):
                               at any time

                                      -18-
<PAGE>   19
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                       X. CONTRIBUTIONS
--------------------------------------------------------------------------------

               B.  Required Employee Contributions

2C.1(b)            1.   Availability/Amount
                        [X] Not Available under the Plan.
                        [ ] Available under the Plan and must be made as a
                            condition of receiving an Employer Contribution

                        ->  Required Employee Contributions are NOT AVAILABLE
                        unless Elective Deferral Contributions are available.

                        Required Contributions shall be in the amount of:
                        [ ] a. ______ % of Compensation actually paid during the
                               Contribution Period.

2C.1(k)(1)              [ ] b. Not less than _______ % nor more than  _______ %
                               of Compensation actually paid during the
                               Contribution Period.

                   2.   Modification

                        A Participant may suspend Required Employee
                        Contributions for a minimum period of:
                        [ ]  a.  1 month
                        [ ]  b.  2 months.
                        [ ]  c.  3 months.

                        -> The suspension period may be of indefinite duration.
                        A Participant's reentry into the Plan shall be as of the
                        first Entry Date following the end of the suspension
                        period.

                                      -19-
<PAGE>   20
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                         X. CONTRIBUTIONS
--------------------------------------------------------------------------------

2C.1           C. Matching Contributions

                  Availability/Amount

                  [ ]   Not Available under the Plan.

                  [X]   Available under the Plan (elect one from option 1 and,
                        if applicable, elect one from option 2).

                        1.  [ ] a.  Matching Contributions SHALL be based upon
                                    a percentage of Considered Net Profits

                            [X] b.  Matching Contributions SHALL NOT be based
                                    upon a percentage of Considered Net Profits.

                        2.  Partnership Plans.

                            [ ] a.  The Employer SHALL make Matching
                                    Contributions to Partners

                                    -> Matching Contributions to Partners are
                                    treated in all respects as Elective Deferral
                                    Contributions

                            [ ] b.  The Employer SHALL NOT make Matching
                                    Contributions to Partners.

                        For each $1.00 of either Elective Deferral Contributions
                        or Required Employee Contributions, as selected above,
                        the Employer will contribute and allocate to each
                        Participant"s Matching Contribution Account an amount
                        equal to:

                        [ ] 1.  $ __________ (e.g., $.50).

                        [X] 2.  A discretionary percentage, to be determined by
                                the Employer.

                               -> If option 2 is elected, the amount of the
                               discretionary percentage should be determined by
                               an annual Board of Directors resolution setting
                               the percentage.

                        [ ] 3.  Graded Match.

                            -> If a or b is elected, the minimum and maximum
                            percentages must be within the parameters of the
                            Elective Deferral election in Section X.A or the
                            Required Employee Contribution election in Section
                            X.B of this Adoption Agreement.

                            -> Percentage for higher amounts must be lower than
                            the percentages for lower amounts. For example: 100%
                            of the first $500, plus 75% of the next $500, plus
                            50% of the next $500.

                                [ ] a.   Graded based upon the dollar amount of
                                         each Participant"s Elective Deferral
                                         Contributions or Required Employee
                                         Contributions as follows:

                                         ________ % of the first $________ plus
                                         ________ % of the first $________ plus
                                         ________ % of the first $________ plus
                                         ________ % of the first $________.

                                      -20-
<PAGE>   21
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                         X. CONTRIBUTIONS
--------------------------------------------------------------------------------

                                [ ]   b. Graded based upon the percentage of
                                         Compensation of each Participant's
                                         Elective Deferral Contribution or
                                         Required Employee Contribution as
                                         follows:

                                         _________ % of the first $________ plus
                                         _________ % of the next $_________ plus
                                         _________ % of the next $_________ plus
                                         _________ % of the next $_________.

                                -> If 3.a or b is elected, additional testing
                                will be required to prove that the different
                                contributions are available on a discriminatory
                                basis.

                        [ ] 4.  Separate specific dollar amounts for different
                                employees (e.g., employees in different job
                                classifications):

                                -> This option is available only for Plans
                                covering Employees whose conditions of
                                employment are mandated under the Davis-Bacon
                                Act.

<TABLE>
<S>                             <C>
                                $ __________  (e.g., $.50) to employees in __________ (fill in)
                                $ __________  (e.g., $.50) to employees in __________ (fill in)
                                $ __________  (e.g., $.50) to employees in __________ (fill in)
                                $ __________  (e.g., $.50) to employees in __________ (fill in)
                                $ __________  (e.g., $.50) to employees in __________ (fill in)
</TABLE>

                                Additional Formulas (fill in below):

                                ->  Formulas must be the same type as above.

                                _______________________________________________

                                _______________________________________________

                                _______________________________________________

                                -> If 4 is selected, additional testing will be
                                required to prove that the different
                                contributions are available on a
                                nondiscriminatory basis.

                                      -21-
<PAGE>   22
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                        X. CONTRIBUTIONS
--------------------------------------------------------------------------------

                   [ ]  5.  Different graded matches for different employees
                            (e.g., employees in different job classifications,
                            divisions, organizations, members of a controlled
                            group of corporations, etc.):

                            -> This option is available only for Plans covering
                            Employees whose conditions of employment are
                            mandated under the Davis-Bacon Act.

                            ->  Percentages for higher amounts must be lower
                            than the percentages for lower amounts. For example:
                            100% of the first $500, plus 75% of the next $500,
                            plus 50% of the next $500.

                            [ ] a.  Graded based upon the dollar amount of
                                    Elective Deferral Contributions or Required
                                    Contributions of each Participant as
                                    follows:

                                    Employees in __________ (fill in)

                                    __________ % of the first $__________ plus
                                    __________ % of the next $__________ plus
                                    __________ % of the next $__________ plus
                                    __________ % of the next $__________ .

                                    Employees in __________ (fill in)

                                    __________ % of the first $__________ plus
                                    __________ % of the next $__________ plus
                                    __________ % of the next $__________ plus
                                    __________ % of the next $__________ .

                                    Employees in __________ (fill in)

                                    __________ % of the first $__________ plus
                                    __________ % of the next $__________ plus
                                    __________ % of the next $__________ plus
                                    __________ % of the next $__________ .

                                    Additional Formulas (fill in below):

                                    -> Formulas must be the same type as above.

                                    ___________________________________________

                                    ___________________________________________

                                    ___________________________________________

                                      -22-
<PAGE>   23
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                       X. CONTRIBUTIONS
--------------------------------------------------------------------------------

                         [ ]     b. Graded based upon the percentage of
                                    compensation of the Elective Deferral
                                    Contributions or Required Contributions of
                                    each Participant as follows:

                                    -> This option is available only for Plans
                                    covering Employees whose conditions of
                                    employment are mandated under the
                                    Davis-Bacon Act.

                                    -> Matching percentages for higher
                                    compensation percentages must be lower than
                                    matching percentages for lower compensation
                                    percentages. For example: 100% for the first
                                    3%, plus 75% of the next 2%, plus 50% of the
                                    next 2%.

                                    Employees in __________ (fill in)

                                    __________ % of the first $__________ plus
                                    __________ % of the next $__________ plus
                                    __________ % of the next $__________ plus
                                    __________ % of the next $__________ .

                                    Employees in __________ (fill in)

                                    __________ % of the first $__________ plus
                                    __________ % of the next $__________ plus
                                    __________ % of the next $__________ plus
                                    __________ % of the next $__________ .

                                    Employees in __________ (fill in)

                                    __________ % of the first $__________ plus
                                    __________ % of the next $__________ plus
                                    __________ % of the next $__________ plus
                                    __________ % of the next $__________ .

                                    Additional Formulas (fill in below):

                                    -> Formulas must be the same type as above.

                                    __________________________________________

                                    __________________________________________

                                    __________________________________________

                        -> If 5.a or b is selected, additional testing will be
                        required to prove that the different contributions are
                        available on a nondiscriminatory basis.

                                      -23-
<PAGE>   24
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                         X. CONTRIBUTIONS
--------------------------------------------------------------------------------

                The Elective Deferral or Required Employee Contributions, upon
                which Matching Contributions are made by the Employer, shall not
                exceed:

                [ ] 1.   $ __________ for the Plan Year.
                [X] 2.   6% of the Participant"s Compensation for the
                         Contribution Period.
                [ ] 3.   N/A.

                True-Up Contributions:

                The Employer MAY/MAY NOT contribute a True-Up Contribution for
                each Participant at the end of the Plan Year so that the total
                Matching Contribution for each Participant is calculated on an
                annual basis.

                                [ ] MAY        [X] MAY NOT

                Additional Matching Contributions:

                In addition, at the end of the Plan Year, the Employer may
                contribute Additional Matching Contributions to be allocated in
                the same proportion that the Matching Contribution made on
                behalf of each Participant during the Plan Year bears to the
                Matching Contribution made on behalf of all Participants during
                the Plan Year.

                               [ ] YES       [X]  NO

                                      -24-
<PAGE>   25
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                       X. CONTRIBUTIONS
--------------------------------------------------------------------------------

2C.1           D.  Nonelective Contributions

                   -> If you choose to make a Nonelective Contribution, each
                   Employee eligible to participate in the Plan and who
                   satisfies the Annual Allocation Requirement of Section XII.A
                   or XII.B MUST be given an allocation, regardless of whether
                   they make Elective Deferral Contributions.

                   Availability/Amount
                   [ ] Not Available under the Plan.
                   [X] Available under the Plan (complete the following).

                        The Contribution for each Contribution Period shall be:

                        [ ] 1.  _________ % of Considered Net Profits.
                        [ ] 2.  _________ % of Compensation of each Participant.
                        [ ] 3.  The Employer will contribute an amount equal to
                                $ _________ for each Participant.
                        [X] 4.  Discretionary.

                        -> If option 4 is elected, the amount of the
                        discretionary contribution should be determined by an
                        annual Board of Directors resolution setting a fixed
                        amount of contribution or a formula by which a fixed
                        amount can be determined.

                        [ ] 5. The Employer will contribute an amount equal to
                        $___________________/hour or unit of each Participant
                        (indicate dollar or cents amount).

                        -> Option 5 may be chosen ONLY for Employees who are
                        subject to a Collective Bargaining Agreement.

<TABLE>
<S>                     <C>
                        [ ] 6.  __________ % of Considered Net Profits to __________ (fill in)
                                __________ % of Considered Net Profits to __________ (fill in)
                                __________ % of Considered Net Profits to __________ (fill in)
                                __________ % of Considered Net Profits to __________ (fill in)
                                __________ % of Considered Net Profits to __________ (fill in)
</TABLE>

                        ->  Fill in job classification

                                      -25-
<PAGE>   26
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                       X. CONTRIBUTIONS
--------------------------------------------------------------------------------

                                Additional Formulas (fill in below):

                                _______________________________________________

                                _______________________________________________

                                _______________________________________________

                                ->   Formulas must be the same type as above.

<TABLE>
<S>                     <C>
                        [ ] 7.  __________ % of Considered Net Profits to __________ (fill in)
                                __________ % of Considered Net Profits to __________ (fill in)
                                __________ % of Considered Net Profits to __________ (fill in)
                                __________ % of Considered Net Profits to __________ (fill in)
                                __________ % of Considered Net Profits to __________ (fill in)
</TABLE>

                        ->    Fill in job classification

                                Additional Formulas (fill in below):

                                ->   Formulas must be the same type as above.

                                _______________________________________________

                                _______________________________________________

                                _______________________________________________

                                -> Options 6 and 7 may be selected ONLY when a
                                Plan covers Employees whose conditions of
                                employment are mandated under the Davis-Bacon
                                Act.

                                -> If option 6 or 7 is selected, subsection A.1
                                (Compensation to Compensation allocation) MUST
                                be chosen in Section XIII, "Allocation of
                                Contributions."

                                -> If options 6 or 7 is selected, additional
                                testing will be required to prove that the
                                different contributions are available on a
                                nondiscriminatory basis.

                        Nonelective Contributions SHALL / SHALL NOT be based on
                        Considered Net Profits.

                                    [X] SHALL      [ ] SHALL NOT

                        ->  "Shall" must be chosen if option 1 is selected.

                                      -26-
<PAGE>   27
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                       X. CONTRIBUTIONS
--------------------------------------------------------------------------------

2C.1(b)        E.  Voluntary Employee Contributions

                   Availability/Amount
                   [X]  Not Available under the Plan.
                   [ ]  Available under the Plan (complete the following).

                        [ ] Voluntary Employee Contributions SHALL be permitted
                            up  _________ % of Compensation actually paid during
                            the Plan Year.

                        [ ] Voluntary Employee Contributions made in a Lump Sum
                            SHALL be permitted.

                        -> Voluntary Employee Contributions are NOT AVAILABLE
                        unless Elective Deferral Contributions are available

2C.3           F.  Rollover Contributions

                   Availability

                   [x]  1.  Rollover Contributions out of the Plan are always
                            available.

                            [X] Cash only.

                            [ ] Cash and Loan Notes from this and/or a prior
                                plan.

                   [x]  2.  Rollover Contributions into the Plan.

                            [ ] Not Available under the Plan.

                            [X] Available under the Plan (complete the
                                following).

                            Cash Only or Cash and Loan Notes.

                            [X] Cash only.
                            [ ] Cash and Loan Notes from prior plan.

                            Rollover contributions into the Plan may be made by:

                                [X] Both eligible Employees and Employees who
                                    would be eligible except they do not yet
                                    meet the Plan's age and/or service
                                    requirement.
                                [ ] Eligible Employees only.

                                      -27-
<PAGE>   28
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                        X. CONTRIBUTIONS
--------------------------------------------------------------------------------

7B.8, 7B.9     G.  Transfers of Account Balances

                   Availability

                   [X]  1.  Transfers of Account Balances out of the Plan are
                            always available.

                   [X]  2.  Transfers of Account Balances into the Plan.

                            [ ] Not Available under the Plan.

                            [X] Available under the Plan.

--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                     XI. CONTRIBUTION PERIOD
--------------------------------------------------------------------------------

1.14            A. The regular Contribution Period (by contribution type) shall
                be:

                -> For 1 and 2 below, "Other" Contribution Period may not be
                longer than annual, but may be shorter than 4-weekly.

                -> For 3 below, "Other" Contribution Period may not be longer
                than monthly, but may be shorter than 4-weekly.

                   1.   Matching Contributions:
                        [ ] Annual       [ ] 4-Weekly
                        [ ] Monthly      [X] Other (specify)  bi-weekly.

                   2.   Nonelective Contributions:
                        [X] Annual       [ ] 4-Weekly
                        [ ] Monthly      [ ] Other (specify) _______________.

                   3.   Elective Deferral Contributions, Required Employee
                        Contributions, and/or Voluntary Employee Contributions:

                   -> Annual contribution period is not available for
                      contributions in option 3.
                        [ ] Monthly      [X] 4-Weekly
                        [ ] Other (specify) _______________.

                                      -28-
<PAGE>   29
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                XII. ALLOCATION OF CONTRIBUTIONS
--------------------------------------------------------------------------------

2C.1(f)        A.  Allocation Formula for Nonelective Contribution

                   Complete the following ONLY if Section X.D is 1, 4, 6 or 7.

                   -> If Section X.D is 6 or 7, the Compensation to
                   Compensation allocation formulas (1 below) must be chosen.

                   The Nonelective Contribution will be allocated to
                   Participants who meet the requirements of Section XII.B or C
                   as follows:

                   [ ]  1.  Compensation to Compensation:

                            In the same ratio as each Participant's Compensation
                            bears to the total Compensation of all Participants.

                   [X]  2.  Integrated with Social Security:

                            a.  Choose one of the following methods:
                                [ ] Step-Rate Method

                                    For each Plan year, the Employer will
                                    contribute an amount equal to __________ %
                                    of each Participant's Compensation up to the
                                    Social Security Integration Level, plus
                                    __________ % of each Participant's
                                    Compensation in excess of the Social
                                    Security Integration Level. However, in no
                                    event will the Excess Contribution
                                    percentage exceed the amount specified in
                                    Section 2C.1(f)(2)(B) of the Plan.

                                [X] Maximum Disparity Method

                                    For each Plan Year, the Employer's
                                    Nonelective Contribution shall be allocated
                                    in the manner stated in Section 2C.1(f)(3)
                                    of the Plan in order to maximize permitted
                                    disparity.

                            b.  Social Security Integration Level:
                                [ ] i.   $ __________ (not to exceed the Social
                                         Security Taxable Wage Base).

                                [X] ii.  The Social Security Taxable Wage Base
                                         in effect on the first day of the Plan
                                         Year.
                                [ ] iii. __________ % of the Social
                                         Security Taxable Wage Base (not to
                                         exceed 100%).

                                      -29-
<PAGE>   30
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                  XII. ALLOCATION OF CONTRIBUTIONS
--------------------------------------------------------------------------------

2C.1(g)        B.  Annual Allocation Requirements

                   An allocation of the annual Nonelective Contribution, annual
                   Matching Contribution, and/or Additional Matching
                   Contribution made by the Employer will be made to each
                   Participant who:

                   [ ]  1. Is a Participant on ANY day during the Plan Year
                           regardless of Service credited during the Plan Year.

                   [X]  2. Is credited with a Year of Service in the Plan Year
                           for which the contribution is made.

                   [ ]  3. Is a Participant on the last day of the Plan Year.

                   [ ]  4. Is credited with a Year of Service in the Plan Year
                           for which the contribution is made and is a
                           Participant on the last day of the Plan Year.

                   In addition, an allocation will be made by the Employer on
                   behalf of any Participant who retires, dies or becomes
                   disabled during the Plan Year, regardless of the number of
                   Hours of Service credited to such Participant and regardless
                   of whether such Participant is a participant on the last day
                   of the Plan Year.

                       Annual Nonelective Contribution      [X]  YES    [ ]  NO
                       Annual Matching Contribution         [ ]  YES    [ ]  NO
                       Additional Matching Contribution     [ ]  YES    [ ]  NO

2C.1(g)        C.  Nonannual Allocation Requirement

                   An allocation of the nonannual Matching Contribution or
                   nonannual Nonelective Contribution made by the Employer will
                   be made to each Participant who:

                   [X] 1. Is a Participant on any day of the Contribution
                          Period.

                   [ ] 2. Is a Participant as of the last day of the
                          Contribution Period.

                   In addition, an allocation will be made by the Employer on
                   behalf of any Participant who retires, dies, or becomes
                   disabled during the Contribution Period, regardless of
                   whether such Participant is a Participant as of the last day
                   of the Contribution Period.

                       Nonannual Nonelective Contribution    [ ] YES    [ ] NO
                       Nonannual Matching Contribution       [X] YES    [ ] NO

                                      -30-
<PAGE>   31
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                  XIII. LIMITATION ON ALLOCATIONS
--------------------------------------------------------------------------------

4B        A.      If any Participant is covered by another qualified
                  defined contribution plan maintained by the Employer,
                  other than a Master or Prototype plan:

                  -> Complete part A if you: (1) maintain, or at any
                  time maintained, another qualified retirement plan in
                  which any Participant in this Plan is, was, or could be,
                  a participant; or (2) maintain a Code section 415(l)(2)
                  individual medical account, for which amounts are
                  treated as Annual Additions for any Participant in this
                  Plan.

                 [X]  1.  N/A. The Employer has no other defined
                          contribution plan(s).

                 [ ]  2.  The provisions of Section 4B.5 of the Plan will
                          apply, as if the other plan were a Master or
                          Prototype plan.

                 [ ]  3.  The plans will limit total Annual Additions to
                          the Maximum Permissible Amount, and will reduce
                          any Excess Amounts in a manner that precludes
                          Employer discretion, in the following manner:

                          ________________________________________________

                          ________________________________________________

                          ________________________________________________

4B        B.      If any Participant is or ever has been a Participant in
                  a qualified defined benefit plan maintained by the
                  Employer:

                  -> Complete part B if you maintain, or at any time
                  maintained, another qualified retirement plan in which
                  any Participant in this Plan is, was, or could be a
                  participant.

                 [X]     1.   N/A.  The Employer has no defined benefit plan(s).

                 [ ]     2.   In any Limitation Year, the Annual Additions
                              credited to the Participant under this Plan may
                              not cause the sum of the Defined Benefit Plan
                              Fraction and the Defined Contribution Fraction
                              to exceed 1.0. If the Employer contributions
                              that would otherwise be allocated to the
                              Participant's account during such year would
                              cause the 1.0 limitation to be exceeded, the
                              allocation will be reduced so that the sum of
                              the fraction equals 1.0. Any contributions not
                              allocated because of the preceding sentence will
                              be allocated to the remaining Participants
                              according to the Plan's allocation formula. If
                              the 1.0 limitation is exceeded because of an
                              Excess Amount, such Excess Amount will be
                              reduced in accordance with Section 4B.4 of the
                              Plan.

                 [ ]     3.   Provide the method under which the Plan involved
                              will satisfy the 1.0 limitation in a manner that
                              precludes Employer discretion

                             ________________________________________________

                             ________________________________________________

                             ________________________________________________

                                      -31-
<PAGE>   32
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                  XIII. LIMITATION ON ALLOCATIONS
--------------------------------------------------------------------------------

               C.  Compensation will mean all of each Participant's:

                   -> Everyone must complete Section C. If option 1, 2, or 3 was
                   selected in Section IV.A., you must make the same selection
                   here.

4B.1(b)(1)         [X]  1.  Wages, Tips, and Other Compensation Box on Form W-2.

4B.1(b)(2)         [ ]  2.  Section 3401(a) wages.

4B.1(b)(3)         [ ]  3.  415 safe-harbor compensation

4B.1(h)        D.  The Limitation Year shall be:

                   ->   Everyone must complete Section D.

                   [ ]  1.  The Calendar Year.

                   [X]  2.  The 12-month period coinciding with the Plan Year.

                   [ ]  3.  The 12-month period beginning on (MM/DD): _________

--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION             XIV. INVESTMENT OF PARTICIPANT'S ACCOUNTS
--------------------------------------------------------------------------------

5A.1           A. The Participant SHALL/SHALL NOT have the authority to
                  direct the Investment of Contributions made by the Employer.

                                [X] SHALL      [ ] SHALL NOT

5A.1           B.  If SHALL is elected above, complete the following:

                   Those having authority to direct the investment of the
                   Participant's Account are (choose all that apply):
                   [X]  1.  Participants who are active Employees.
                   [X]  2.  Participants who are former employees and continue
                            to maintain an account in the Plan or Trust.
                   [X]  3.  Beneficiaries.
                   [X]  4.  Alternate Payees.

--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                     XV. LIFE INSURANCE
--------------------------------------------------------------------------------

5B.1           A.  Available as a Participant investment:

                            [ ]  YES       [X]  NO

                                      -32-
<PAGE>   33
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                       XV. LIFE INSURANCE
--------------------------------------------------------------------------------

               B. If yes is elected above, Life Insurance shall be available to:

                  [ ]  1.  All Participants.

                  [ ]  2.  Only to the specified group of Participants (fill
                           in below):

                           __________________________________________________

                           __________________________________________________

                           __________________________________________________

                       -> If subsection 2 is checked, separate nondiscrimination
                       testing will be required.

--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                     XVI. EMPLOYER STOCK
--------------------------------------------------------------------------------

-> Before electing Employer Stock as an investment option, you should consult
your legal counsel on any federal or state securities law requirements arising
from offering Employer Stock as an investment option under your Plan and whether
use of this document is appropriate for you under those laws. Neither
Connecticut General Life Insurance Company nor any of its employees can advise
you on these matters.

1.45           A.  Investment in Employer Stock is:
                   [X]  Permitted
                   [ ]  Not Permitted
                   -> You must complete the following subsections B and C if
                   investment in Employer Stock is permitted and Participants
                   have the authority to direct the investment of Employer
                   Contributions.

1.45           B.  Investment in Employer Stock within the Plan by officers or
                   directors of the Employer or by an individual who owns more
                   than 10% of the Employer's Stock is:
                   [X]  Permitted
                   [ ]  Not Permitted

1.45           C.  The Trustee:
                   [ ]  1.  Will vote the shares of the Employer Stock.

                   [X]  2.  Will vote the shares of the Employer Stock in
                            accordance with any instructions received by the
                            Trustee from the Participant.

                            -> Option 2 must be selected if CG Trust Company
                            is the Trustee.

                   [ ]  3.  May request voting instructions from the
                            Participants.

                                      -33-
<PAGE>   34
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION              XVII. WITHDRAWALS PRECEDING TERMINATION
--------------------------------------------------------------------------------

->   Complete only the sections for the type of contributions in your plan.

3E.1(a)        A.  Withdrawal of Required Employee Contributions.

                    ->   Withdrawal may be for any reason.

                   [X]  Not Available under the Plan.
                   [ ]  Available under the Plan.

                        If available, Required Employee Contributions may be
                        withdrawn:

                        [ ] Once each 6 months.
                        [ ] Once each 12 months.
                        [ ] Other (specify): _______________.

                        The Contribution suspension period following a
                        withdrawal of Required Employee Contributions shall be:

                        ->  You must choose one of the suspension periods shown.
                        Related Employer Contributions will be suspended for the
                        same period.

                        [ ] 6 months.
                        [ ] 12 months.
                        [ ] 24 months.

3E.1(b)        B.  Withdrawal of Voluntary Employee Contributions.

                   ->   Withdrawal may be for any reason.

                   [X]  Not Available under the Plan.
                   [ ]  Available under the Plan.

                        If available, Voluntary Employee Contributions may be
                        withdrawn:
                        [ ] Once each 6 months.
                        [ ] Once each 12 months.
                        [ ] Other (specify): _______________.

                                      -34-
<PAGE>   35
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION              XVII. WITHDRAWALS PRECEDING TERMINATION
--------------------------------------------------------------------------------

               C.  Withdrawal of Elective Deferral Contributions.

                   [ ]  Not Available under the Plan.
                   [X]  Available under the Plan.

                        If available, select the conditions for withdrawal:
3E.2                    [X] Withdrawal upon Participant"s attainment of
                            age 59 1/2.
3E.5                    [X] Withdrawal for Serious Financial hardship.

                        ->  If a Participant makes a withdrawal of Elective
                        Deferral Contributions due to a Serious Financial
                        Hardship, the Participant must be suspended from making
                        any additional Elective Deferral Contributions for a
                        period of 12 months.

               D.  Withdrawal of Employer Contributions (Matching, Nonelective
                   and/or Prior Employer Contributions).

                   [ ]  Not Available under the Plan.
                   [X]  Available under the Plan.
                   ->   If Prior Employer Contributions are money purchase plan
                    contributions, they may not be withdrawn.

                        If available, select the conditions for withdrawal:
3E.3                    [X] 1.  Withdrawal upon Participant"s attainment of
                                age 59 1/2

                                Available from:
                                [X] a.   Matching Contributions.
                                [X] b.   Nonelective Contributions.
                                [ ] c.   Prior Employer Contributions

                                      -35-
<PAGE>   36
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION              XVII. WITHDRAWALS PRECEDING TERMINATION
--------------------------------------------------------------------------------

3E.3                    [ ] 2.  Withdrawals to active Participants who have been
                                Participants for a minimum of 60 consecutive
                                months.

                                Available from:
                                [ ] a.   Matching Contributions.
                                [ ] b.   Nonelective Contributions.
                                [ ] c.   Prior Employer Contributions

                                Frequency of withdrawal:
                                [ ] Once each 6 months.
                                [ ] Once each 12 months.
                                [ ] Other (specify) _______________ .

                                Suspension Period following withdrawal:
                                [ ] N/A.
                                [ ] 6 months.
                                [ ] 12 months.
                                [ ] 24 months.

3E.4                    [ ] 3.  Withdrawal for Serious Financial Hardship.

                                Available from:
                                [ ] a.   Matching Contributions.
                                [ ] b.   Nonelective Contributions.
                                [ ] c.   Prior Employer Contributions

                                         Prior Employer Contributions are
                                         contributions made to the Plan by the
                                         Employer prior to the Plan's original
                                         and/or retirement on _______________
                                         (fill in date).

                                      -36-
<PAGE>   37
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION              XVII. WITHDRAWALS PRECEDING TERMINATION
--------------------------------------------------------------------------------

3E.6           E.  Withdrawal of Rollover Contributions:

                   [ ]  Not Available under the Plan.
                   [X]  Available under the Plan.

                        If available, Rollover Contributions may be withdrawn:
                        [ ] Once per Plan Year.
                        [ ] Every 6 months.
                        [ ] Every 3 months.
                        [ ] Every month.
                        [X] Anytime.

3E.6           F.  Withdrawal of Qualified Voluntary Employee Contributions
                   (QVEC Contributions)

                   ->   Applicable only if this is a readoption of an existing
                   plan. If selected, Contributions may be withdrawn for any
                   reason.

                   [X]  Not Available under the Plan.
                   [ ]  Available under the Plan.

                        If available, Qualified Voluntary Employee Contributions
                        may be withdrawn:
                        [ ]  Once per Plan Year.
                        [ ]  Every 6 months.
                        [ ]  Every 3 months.
                        [ ]  Every month.
                        [ ]  Anytime.

                                      -37-
<PAGE>   38
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION              XVII. WITHDRAWALS PRECEDING TERMINATION
--------------------------------------------------------------------------------

3E.1(c)      G. Withdrawal of Prior Required Employee Contributions

                ->      Withdrawal may be for any reason.

                [X]     Not Available under the Plan.

                [ ]     Available under the Plan.

                        If available, Prior Required Employee Contributions may
                        be withdrawn:
                        [ ] Once each 6 months.
                        [ ] Once each 12 months.
                        [ ] Other (specify) _______________.

                Prior Required Employee Contributions are posttax contributions
                made by Employees in order to receive an Employer contribution
                and which were made before the Plan's original conversion and/or
                restatement on __________ (fill in date).

3E.1(d)      H. Withdrawal of Prior Voluntary Employee Contributions:

                ->  Withdrawal may be for any reason and may be taken at any
                time.

                [X]  Not Available under the Plan.

                [ ]  Available under the Plan.

                Prior Voluntary Employee Contributions are voluntary
                contributions made by Employees prior to these types of
                contributions being eliminated as a plan option on
                _______________ (fill in date)

--------------------------------------------------------------------------------
PLAN DOCUMENT       XVIII. LOANS TO PARTICIPANTS, BENEFICIARIES AND PARITIES-IN-
SECTION             INTEREST
--------------------------------------------------------------------------------

5C             A.  Loans are permitted.
                        [X] Yes
                   ->    If Yes, Plan must be trusteed
                        [ ] No

                                      -38-
<PAGE>   39
--------------------------------------------------------------------------------
PLAN DOCUMENT       XVIII. LOANS TO PARTICIPANTS, BENEFICIARIES AND PARITIES-IN-
SECTION             INTEREST
--------------------------------------------------------------------------------

5C              B. Loans are available only from the following sources:

                   -> Qualified Voluntary Employee Contributions (QVEC
                   Contributions) may not be taken in a loan.

                   [X]  All Sources.
                   [ ]  List Sources:

                        ________________________________________________________
                        ________________________________________________________
                        ________________________________________________________

--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION              XIX. RETIREMENT AND DISABILITY
--------------------------------------------------------------------------------

1.40           A.  Normal Retirement Age is:

                   [X]  1.  The date the Participant attains age  65  (not to
                            exceed 65).
                   [ ]  2.  The later of:

                                a.      The date the Participant attains age
                                        __________ (not to exceed 65), or

                                b.      The __________ (not to exceed 5th)
                                        anniversary of the Participation
                                        Commencement Date

                                 -> Note regarding 2.b above: If, for Plan
                                 Years beginning before January 1, 1988, Normal
                                 Retirement Age was determined with reference to
                                 the anniversary of the Participation
                                 Commencement Date (more than 5 but not to
                                 exceed 10 years), the anniversary date for
                                 Participants who first commenced participation
                                 under the Plan before the first Plan Year
                                 beginning on or after January 1, 1988 shall be
                                 the earlier of (A) the tenth anniversary of the
                                 date the Participant commenced participation in
                                 the Plan (or such anniversary as had been
                                 elected by the Employer, if less than 10) or
                                 (B) the fifth anniversary of the first day of
                                 the first Plan Year beginning on or after
                                 January 1, 1988. The Participation Commencement
                                 Date is the first day of the first Plan Year in
                                 which the Participant commenced participation
                                 in the Plan.

                                      -39-
<PAGE>   40
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION              XIX. RETIREMENT AND DISABILITY
--------------------------------------------------------------------------------

1.18           B.  Early Retirement by Participants:

                   1.   Early Retirement by Participants is:
                        [X] a.  Not Permitted.
                        [ ] b.  Permitted.  Subject to the following conditions:
                                [ ] i    Age __________ (not to exceed 65).
                                [ ] ii   Years of Service __________.
                                [ ] iii  Age __________ (not to exceed 65) and
                                         __________ Years of Service.
                                [ ] iv   Age __________ (not to exceed 65) and
                                         __________ Years of Participation.

1.16           C.  Disability

                   1.   The Employer SHALL/SHALL NOT make contributions on
                        behalf of disabled Participants who are Nonhighly
                        Compensated Employees on the basis of the Compensation
                        each such Participant would have received for the
                        Limitation Year if the Participant had been paid at the
                        rate of Compensation paid immediately before becoming
                        permanently and totally disabled.

                                         [ ] SHALL      [X] SHALL NOT

                  ->  All such contributions are 100% vested and nonforfeitable
                        when made.

--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION              XX. DISTRIBUTION OF BENEFITS
--------------------------------------------------------------------------------

3A.1           A.  Distribution of benefits should be in the form of (check all
                   that apply):
                   [X]  1.  Single Sum.
                   [ ]  2.  Life Annuity.
                   [X]  3.  Installment Payments.
                   [ ]  4.  Installment Refund Annuity.
                   [X]  5.  Employer Stock, to the extent the Participant is
                            invested therein.

               B.  Distribution Timing
                   [ ]  1.  All Participants may elect to defer their
                            distributions.

                   [X]  2.  Participants who terminate employment and whose
                            account balances never exceeded $3,500 shall receive
                            an immediate, lump sum cash distribution.

                                      -40-
<PAGE>   41
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION              XX. DISTRIBUTION OF BENEFITS
--------------------------------------------------------------------------------

               C. Expenses - Deferred Participants.

                  1.    Participants who elect to defer distribution of their
                        benefits SHALL/SHALL NOT pay for all fees associated
                        with administration of their deferral payment.

                                [X] SHALL      [ ] SHALL NOT

--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION          XXI. QUALIFIED PRERETIREMENT SURVIVOR ANNUITY
--------------------------------------------------------------------------------

3C.4           The Qualified Preretirement Survivor Annuity shall be:

               -> 100% is required for Plans allowing only single sum
               distributions.

               [X]  100% to the surviving spouse.
               [ ]  50% to the surviving spouse.

--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                   XXII. AMENDMENT TO THE PLAN
--------------------------------------------------------------------------------

7B          A. The party having the authority to amend the Adoption Agreement is
               the:

            [ ]  1.  Trustee(s).
            ->       Trustee(s) cannot be chosen if the Trustee is the CG Trust.
            [ ]  2.  Plan Administrator.
            [X]  3.  Plan Committee.
            [ ]  4.  Designated Representative of the Employer.

                                      -41-
<PAGE>   42
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                   XXIII. TOP-HEAVY PROVISIONS
--------------------------------------------------------------------------------

7A.1(i)     A.    Method to be used to avoid duplication of Top-Heavy Minimum
                  benefits when a non-Key Employee is a Participant in both this
                  Plan and a defined benefit plan maintained by the Employer
                  (select one response):

                   [X]  1. N/A. The Employer has no other plan(s).

                   [ ]  2. Single Plan Minimum Top-Heavy Allocation. A
                           minimum Top-Heavy contribution will be allocated
                           to each non-Key Employee's Participant Account in
                           an amount equal to:

                              [ ] a. The lesser of 3% of Compensation or the
                                     highest percentage allocated to any Key
                                     Employee.

                              [ ] b. ____ % of Compensation (must be at least
                                     3%).

                   [ ]  3.    Multiple Plans Top-Heavy Allocation. In order to
                              satisfy Code sections 415 and 416, and because of
                              the required aggregation of multiple plans, a
                              minimum Top-Heavy contribution will be allocated
                              to each non-Key Employee in an amount equal to:

                              [ ] a. Not Applicable. No other plan was in
                                     existence prior to the Effective Date of
                                     this Adoption Agreement.

                              [ ] b. 5% of Compensation, to be provided in a
                                     defined contribution plan of the Employer.

                              [ ] c. 72% of Compensation, to be nonintegrated,
                                     and provided in this Plan.

                             -> If c is chosen, for all Plan Years in which this
                             Plan is Top-Heavy (but not Super Top-Heavy), the
                             Defined Benefit and Defined Contribution fractions
                             shall be computed using 125%.

                   [ ]  4.  Enter the name of the plan(s) and specify the method
                            under which the plan(s) will provide Top-Heavy
                            Minimum Benefits to non-Key Employees [include any
                            adjustments required under Code section 415(e)]:

                   -> If 4 is selected, the method specified must preclude
                   Employer discretion and inadvertent omissions.

                                      -42-
<PAGE>   43
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                   XXIII. TOP-HEAVY PROVISIONS
--------------------------------------------------------------------------------

7A.1        B.    Present Value: In order to establish the present value to
                  compute the Top-Heavy Ratio, any benefit shall be discounted
                  only for mortality and interest, based on:

                    ->  Complete B only if response to A is 2,3 or 4.  Fill in
                        all blanks.
                   [ ]  1.  Interest Rate __________%.
                   [ ]  2.  Mortality Table Rate __________.
                   [ ]  3.  Valuation Date __________.

7A.2        C.    Where a non-Key Employee is a Participant in this and another
                  defined contribution plan(s) of the Employer, choose which
                  plan will provide the minimum Top-Heavy contribution:

                   [X]  1.  N/A.  The Employer has no other plan.
                   [ ]  2.  The minimum allocation will be met in this Plan.
                   [ ]  3.  The minimum allocation will be met in the other
                            defined contribution plan.
                            Enter the name of the plan:________________________
                            ___________________________________________________

7A.3        D.    Top-Heavy Vesting Schedule. In the event the plan becomes
                  Top-Heavy, the vesting schedule shall be:

                   -> Must meet one of the schedules below and must be at least
                  as liberal as the vesting schedule elected in Section IX.A.

                   [ ]  1.  100% vesting after __________ (not to exceed 3)
                            years of Service.

                   [ ]  2.  __________% vesting after 1 Year of Service.
                            __________% (not less than 20) vesting after 2 Years
                                        of Service.
                            __________% (not less than 40) vesting after 3 Years
                                        of Service.
                            __________% (not less than 60) vesting after 4 Years
                                        of Service.
                            __________% (not less than 80) vesting after 5 Years
                                        of Service.
                               100    % vesting after 6 Years of Service.

                   [X]  3.    Same vesting schedule(s) as elected in Adoption
                              Agreement Section IX (already means Top-Heavy
                              minimum vesting requirements).

                   -> If the vesting schedule under the Plan shifts into the
                  above schedule for any Plan Year because of the Plan's
                  Top-Heavy status, such shift is an amendment to the vesting
                  schedule and the election provisions in Section 7B.1 of the
                  Plan shall apply.

                   -> The Top-Heavy vesting schedule will remain in effect even
                  if the Plan ceases to be Top Heavy.

                                      -43-
<PAGE>   44
--------------------------------------------------------------------------------
PLAN DOCUMENT
SECTION                  XXIV. OTHER ADOPTING EMPLOYER
--------------------------------------------------------------------------------

6E.1, 6E.2  A.    The following Adopting Employer(s) also adopt this plan and
                  have executed this Adoption Agreement:

                   -> Fill in below the names and the Employer Identification
                  Numbers (EINs) of Adopting Employers.

                   -> Must meet requirements of Plan definition of Employer,
                  Plan Section 1.24.

                      First International Bank
                      Employer Identification Number:  06-0703598

                                      -44-
<PAGE>   45
The Employer hereby adopts the Connecticut General Life Insurance Company
Defined Contribution Prototype Profit Sharing/Thrift Plan with 401(k) Feature,
including all elections made in this Non-Standardized Adoption Agreement, and
the Employer agrees to be bound by all the terms of the Plan and by all the
terms of this Adoption Agreement and of the Annuity Contract. The Employer
further agrees that it will furnish promptly all information required by the
Trustee, if applicable, the Plan Administrator and the Insurance Company in
order to carry out their functions. The Employer shall notify the Trustee, if
applicable, the Plan Administrator and the Insurance Company promptly of any
changes in the status of the Employer which might affect the Employer's duties
and responsibilities hereunder.

The elections under this Adoption Agreement may be changed by the Employer from
time to time by a written instrument signed by the Employer, the Plan
Administrator and the Trustee, if applicable, and accepted by the Plan Sponsor.
The Employer consents to the exercise by the Plan Sponsor of the right to amend
the Plan and the Annuity Contract from time to time as it may deem necessary or
advisable.

By signing this Adoption Agreement, the Employer specifically acknowledges that
the Insurance Company has no authority: (1) to answer legal questions and that
all such questions shall be answered by legal counsel for the Employer; and (2)
to make determinations involved in the administration of the Plan and that all
such determinations shall be answered by the Employer's Plan Administrator or
other designated representative.

Upon execution of this Adoption Agreement by the Employer, the Plan shall be
effective with respect to that Employer as of the Effective Date specified
herein, provided the Plan Administrator and the Trustee, if applicable, shall
then or thereafter execute this Adoption Agreement to signify their acceptance
of their duties and responsibilities hereunder and provided further, the Plan
Sponsor will indicate its acceptance of the Employer in accordance with its
usual rules and practices.

The Adopting Employer may not rely on an opinion letter issued by the National
Office of the Internal Revenue Service as evidence that the Plan is qualified
under Internal Revenue Code section 401. In order to obtain reliance with
respect to plan qualification, the Employer must apply to the appropriate key
district office for a determination letter.

Connecticut General Life Insurance Company will inform the Employer of any
amendments made to the Plan or of the discontinuance or abandonment of such
Plan.

CAUTION: You should very carefully examine the elections you have made in this
Adoption Agreement and discuss them with your legal counsel. Failure to properly
fill out the Adoption Agreement may result in disqualification of your plan.
This Adoption Agreement may only be used in conjunction with Basic Plan Document
Number 03.

(Note: The Employer, Plan Administrator and Trustee, if applicable, must all
sign below.)

Executed at  Hartford, CT , this 13th day of September, 1999.

                        Employer's Exact Name: First International Bancorp, Inc.

Witness: /s/ Leona M. Rapelye            By: /s/ Leslie A. Galbraith

                                      Title: Executive Vice President

    Additional Adopting Employer's Exact Name:__________________________

Witness: ____________________                          By:___________________

                                                    Title:___________________

                                      -45-
<PAGE>   46
                  Additional Adopting Employer's Exact Name:___________________

Witness: ____________________                          By:___________________

                                                    Title:___________________

                  Additional Adopting Employer's Exact Name:___________________

Witness: ____________________                          By:___________________

                                                    Title:___________________

                  Additional Adopting Employer's Exact Name:___________________

Witness: ____________________                          By:___________________

                                                    Title:___________________

ACCEPTED this 13th day of September, 1999.

Witness: /s/ Connie Perrine        By (Plan Administrator): /s/ Leona M. Rapelye

Witness:__________________________ By (Trustee):  C G Trust Company

Witness:__________________________ By (Trustee):________________________________

Witness:__________________________ By (Trustee):________________________________

ACCEPTED this ______________ day of _____________________, ____.

                              CONNECTICUT GENERAL LIFE INSURANCE COMPANY

                              By (Authorized Representative): _________________

                                      -46-<PAGE>   1
                                                                   Exhibit 10.10

                                                                  March 15, 2000

Leslie A. Galbraith
53 Collie Brook Road
East Hampton, CT  06424

Dear Leslie:

This agreement is intended to set forth the basic terms under which you ("YOU"
or the "EMPLOYEE") will continue to be employed by First International Bank (the
"BANK") and, therefore, to constitute an employment agreement between us. We
have agreed with you that:

1.       Nature and Term of Employment. You will continue to be employed as
         President and Chief Operating Officer of the Bank (or equivalent title)
         in accordance with the terms and conditions in this agreement, and you
         accept such employment and agree to serve in such capacity. The term of
         employment under this agreement will extend from the date set forth
         above through June 30, 2001 (the "TERM"). Nothing in this agreement
         will prohibit the continuation of employment beyond the Term if and as
         agreed by the Bank and Employee.

2.       Performance of Duties. While employed by the Bank, you will apply, in
         good faith and on a full-time basis, all of your skill and experience
         to the performance of your duties in such employment. You will have
         such responsibilities and authority as are designated (and as may be
         revised from time to time) by the Chairman and Chief Executive Officer
         and the Board of Directors of the Bank.

3.       Base Compensation. Commencing upon your acceptance of this agreement,
         the Bank will pay or cause to be paid to you during your employment a
         salary at the rate of $225,000 per annum. Your salary will be paid at
         such times as the salaries of other salaried officers of the Bank are
         generally paid.

4.       Benefits. During your employment, the Bank shall provide health,
         dental, disability, life insurance and retirement benefits for you and
         your dependents comparable to such coverage as is provided for officers
         of the Bank generally. In addition, during your employment provided
         that you are insurable at standard rates, the Bank shall sponsor and
         pay for (a) an individually-owned supplemental term life insurance
         policy on your life in the amount of $2,000,000, and (b) an
         individually-owned supplemental disability income insurance policy with
         a benefit to you of approximately $4,000 per month. The insurance
         policies shall remain in full force and effect during the term of this
         agreement, shall provide for such persons as you may designate to be
         the beneficiaries of the benefits thereof, and shall be portable. You
         agree to be available for such medical and other examinations and
         inquiries as the insurance carriers may request.

<PAGE>   2

5.       Bonuses. You will be eligible to receive cash bonuses in 2000 and 2001,
         which bonuses shall be determined by the Chairman and Chief Executive
         Officer and Board of Directors of the Bank (or a committee of the Board
         of Directors of the Bank) in their discretion based upon your
         performance as evaluated primarily with reference to the policies and
         budgets approved by the Bank's Board.

6.       Supplemental Option. As further compensation for the services to be
         provided by you hereunder, First International Bancorp, Inc. (the
         "HOLDING COMPANY") is granting to you today pursuant to the Holding
         Company's Amended and Restated Stock Option Plans (the "PLANS") an
         additional option to purchase 25,000 shares of the Common Stock of the
         Holding Company for the price and on the other terms set forth in a new
         stock option agreement that you are entering into with the Holding
         Company on the date hereof (the "SUPPLEMENTAL OPTION"). Notwithstanding
         any option agreements between you and the Holding Company dated before
         the date hereof, all stock options held by you before the date hereof
         to purchase Common Stock of the Holding Company will be vested
         immediately. Any additional stock options granted to you pursuant to
         the Plans after the date hereof but prior to June 30, 2001 to purchase
         Common Stock of the Holding Company would be vested as of the earliest
         of (a) June 30, 2001, (b) a Change in Control (as defined in paragraph
         7 below), and (c) any termination by the Bank without Cause (as defined
         in paragraph 8(c) below) of Employee's employment hereunder.

7.       Change in Control Provisions. A "CHANGE IN CONTROL" will have occurred
         if the Chase Family and the Silvers Family cease, in the aggregate, to
         beneficially own at least 25% of the outstanding Common Stock of the
         Holding Company or any successor thereto or to have the right to
         exercise, directly or indirectly, at least 25% of the aggregate voting
         power of the Bank or of any successor thereto. As used in this
         paragraph, "CHASE FAMILY" means Arnold Chase, Cheryl Chase, Rhoda L.
         Chase, David T. Chase and the parents, other family members, affiliates
         and personal representatives and heirs of each of them, "SILVERS
         FAMILY" means Brett N. Silvers, Nancy W. Silvers, their children and
         any trusts or other entities as to which the beneficiaries or owners
         are Brett N. Silvers, Nancy W. Silvers and/or their children. As
         described above, any additional stock options granted to you pursuant
         to the Plans after the date hereof to purchase common stock of the
         Holding Company will be vested immediately upon the occurrence of a
         Change in Control.

<PAGE>   3

8.       Termination Provisions.

         (a) Voluntary Termination - If Employee quits Employee's employment
         hereunder (except as otherwise provided in the next paragraph), dies or
         is terminated due to disability, as defined under the Bank's then
         current long-term disability policy, whether before or after a Change
         in Control, Employee will receive Employee's base salary through the
         date as of which Employee's employment ceases (net of any amounts owed
         by Employee to the Bank) plus accrued vacation time, but will not
         receive any severance, bonuses or other benefits.

         (b) Termination Without Cause - If Employee (i) is fired without
         "Cause", as defined below or (ii) quits Employee's employment hereunder
         within three months after a Change in Control that results in a
         reduction in Employee's title, responsibilities, compensation and/or
         benefits, or a change of more than 40 miles in Employee's place of
         employment (any of the foregoing reasons being "GOOD REASONS"),
         Employee will receive, as Employee's sole remedy for such firing or
         quitting for Good Reason (in addition to any vesting of stock options
         provided for in paragraph 6 above), a lump sum cash payment equal to
         the Employee's then existing base salary (net of any amounts owed by
         Employee to the Bank) for one year. The Bank may, as a condition to
         being required to pay the severance payments provided for in this
         agreement, require the Employee to execute a general release of any
         claim (other than the obligation of the Bank to make such severance
         payments) or cause of action that Employee may have against the Bank,
         the Holding Company, or any of their officers, directors, employees,
         agents, or representatives.

         (c) Termination With Cause - If Employee is fired for "Cause", Employee
         will receive Employee's base salary through the date as of which
         Employee's employment is terminated (net of any amounts owed by
         Employee to the Bank and any costs incurred by the Bank due to such
         "Cause") plus accrued vacation time, but will not receive any
         severance, bonuses or other benefits. "CAUSE" means any of the
         following: (a) insubordination or other refusal or failure to carry out
         the instructions or policies of the Board or the officers to whom the
         Employee reports; (b) dishonesty, crime or action involving moral
         turpitude, or any other conduct that is illegal, immoral or materially
         injurious to the Bank; (c) breach of Employee's covenants or
         obligations under this agreement, or (d) non-performance in the
         performance of Employee's duties, evaluated primarily with reference to
         the Bank's credit and organizational policies, and with reference to
         the goals and budgets approved by the Bank's Board of directors, and,
         if such non-performance referred to in this clause (d) is capable of
         being corrected, continuation of such non-performance for 30 days after
         the Bank gives notice to the Employee describing such non-performance.

9.       Covenant Not to Compete. During the time that Employee is employed by
         the Bank, and if Employee's employment terminates at any time during
         the Term (regardless of whether the termination is voluntary or
         involuntary, with or without Cause or Good Reason) for a period of 12
         months from the date of such termination, Employee shall not (a) become
         engaged directly in a management, lending, financial or consulting
         capacity in the

<PAGE>   4

         origination, processing, purchasing or selling of SBA, USDA or Ex-Im
         Bank loans, or (b) seek to cause any employee or customer of the Bank,
         the Holding Company or any direct or indirect Subsidiary of either of
         them to cease, reduce or change in a manner adverse to the business or
         interests of the Bank, the Holding Company or any direct or indirect
         Subsidiary of either of them, such employee's or customer's employment
         by or relationship with the Bank, the Holding Company or any direct or
         indirect Subsidiary of either of them. As used herein, (i) "SUBSIDIARY"
         means any corporation, association, limited liability company, trust,
         or other business entity of which the Bank or the Holding Company shall
         at any time own directly or indirectly through a Subsidiary or
         Subsidiaries at least a majority (by number of votes) of the
         outstanding Voting Stock, and (ii) "VOTING STOCK" means stock or other
         equity interests, of any class or classes (however designated), the
         holders of which are at the time entitled, as such holders, to vote for
         the election of a majority of the directors, managers or trustees (or
         persons performing similar functions) of the corporation, association,
         limited liability company, trust or other business entity involved,
         whether or not the right so to vote exists by reason of the happening
         of a contingency.

10.      Exclusivity of Services:  Confidentiality.

         (a) In addition to the more specific provisions of paragraph 9 above,
         you agree that during the Term of this agreement, you will not, without
         the prior written approval of the Chairman and Chief Executive Officer
         and the Board of Directors of the Bank, directly or indirectly engage
         or participate in, or become an owner, partner, officer of, director
         of, or become employed by, or render advisory, consulting or other
         services to or in connection with, any other business enterprise during
         the time that you are employed by the Bank; provided, however, that you
         may hold outside directorships which may, from time to time, require
         minor portions of time, but which shall not interfere or be
         inconsistent with your duties hereunder.

         (b) You also acknowledge that any information and documentation
         relating to the Bank or the Holding Company, including but not limited
         to their products, programs, business strategies, clients, employees,
         forms, financial matters, and matters discussed by the Board of
         Directors of the Bank and the Holding Company, are the sole property of
         the Bank and the Holding Company and are strictly confidential; and you
         agree that you will not, at any time before, during or at any time
         after your employment by the Bank (regardless of whether the
         termination of your employment is voluntary or involuntary, with or
         without Cause or Good Reason), disclose any of such information or
         documentation to any person or entity for any purpose whatsoever,
         except for your use of such information and documentation in the course
         of carrying out your duties during the time that you are employed by
         the Bank and except to comply with requirements of law or regulatory
         authorities with jurisdiction over the Bank and the Holding Company and
         except to counsel or independent auditors for you, the Bank or the
         Holding Company. The foregoing sentence does not, however, prohibit the
         disclosure by you of information that (i) is generally available to the
         public other than as a result of a disclosure of such information
         directly or indirectly by you, or (b) becomes available to you on a
         non-confidential basis from a source other than the Bank, the Holding
         Company and their

<PAGE>   5

         officers, directors, employees, representatives and advisors, provided
         that such source is not known by you to be bound by any obligation of
         secrecy to the Bank or the Holding Company or another party.

         (c) You also agree that you will not discuss or disclose any of the
         terms or provisions of this agreement, either before, during or at any
         time after the Term of this agreement, with any other employee of the
         Bank or the Holding Company, except for your superior officers, members
         of the Operating Committee of the Bank, the Chairman and Chief
         Executive Officer of the Bank, and the Board of Directors of the Bank
         and the Holding Company.

11.      Equitable Relief. You acknowledge that any violation of Section 9 or 10
         above will cause the Bank and the Holding Company irreparable harm and
         that, in addition to any other remedy that they may have, the Bank and
         the Holding Company will have the right to obtain such injunctive or
         other equitable relief as they may deem to be necessary or appropriate.

12.      Tax Withholding Requirement. The amounts paid by the Bank to you
         hereunder will have withheld and deducted therefrom any taxes required
         to be withheld by the Bank under any federal, state or local law.

13.      Regulatory Limitation. Notwithstanding any other provision of the
         Agreement, the Bank shall not be obligated to make, and the Employee
         shall have no right to receive, any payment, benefit or amount under
         this Agreement which would violate any law, regulation or regulatory
         order applicable to the Bank to the Holding Company at the time such
         payment, benefit or amount is due (a "PROHIBITED PAYMENT"). If an
         amount payable hereunder is not paid because it is a Prohibited
         Payment, Employee shall continue to be bound by all of Employee's
         obligations and agreements hereunder and the Bank shall make or provide
         to the Employee the payment, benefit or other amount (or such portion
         thereof the making of which ceases to be a violation) that is the
         subject of the Prohibited Payment at such later date, if any, as the
         applicable law, regulation or regulatory order no longer would be
         violated by the Bank's making or providing such payment, benefit or
         amount to the Employee.

14.      Limitation on Benefits. It is the intention of the Employee and Bank
         that no payments by Bank to or for the benefit of Employee under this
         agreement or any other agreement or plan pursuant to which Employee is
         entitled to receive payments or benefits shall be nondeductible to Bank
         or any other payor by reason of Section 280G of the Internal Revenue
         Code of 1986, as amended (the "Code") and subject to a tax pursuant to
         Section 4999 of the Code, as a result of payments that would constitute
         "parachute payments". Accordingly, such payments shall be reduced in
         such amounts as are required to reduce the aggregate "present value"
         (as the term is defined in Section 280G(d)(4) of the Code) of such
         payments to one dollar less than an amount equal to three times the
         Employee's "base amount" (as the term is defined in Section
         280G(b)(3)(a) and (d)(1) and (2) of the Code), to the end that the
         Employee is not subject to tax pursuant to Section 4999 and no
         deduction is disallowed to the Bank by reason of Section 280G(a). The
         determination as to the

<PAGE>   6

         amount of the reduction of such payments, if any, shall be made by the
         Bank's independent certified public accountants.

15.      Notices. All notices under this agreement shall be in writing and shall
         be deemed effective when delivered in person or by recognized overnight
         delivery service to you or to the Bank, or if mailed, postage prepaid,
         registered or certified mail, addressed, in the case of you, to your
         last known address as carried on the personnel records of the Bank and,
         in the case of the Bank, to its corporate headquarters, attention of
         the Chairman and Chief Executive Officer, or to such other address as
         the party to be notified may specify by notice to the other party
         pursuant to this paragraph.

16.      Successors and Assigns. The rights and obligations of the Bank under
         this agreement shall inure to the benefit of and shall be binding upon
         the successors and assigns of the Bank, including, without limitation,
         any corporation, individual or other person or entity which may acquire
         all or substantially all of the assets and business of the Bank or with
         or into which the Bank may be consolidated or merged.

17.      Arbitration. Any dispute which may arise between the parties hereto
         shall be settled by binding arbitration in accordance with the National
         Rules for the Resolution of Employment Disputes of the American
         Arbitration Association. The parties shall mutually agree in writing
         upon an arbitrator. If the parties shall fail to agree upon an
         arbitrator within 5 days after a written demand, delivered as provided
         for notices hereunder, for arbitration hereunder is made, each party
         shall have the right within the succeeding 10 days to select an
         arbitrator (the failure by either party to exercise such right within
         said 10 days will be equivalent to a consent to the selection of the
         other party's arbitrator by mutual agreement); within 20 days after
         such selection, if 2 arbitrators are selected, the 2 arbitrators shall
         select a third arbitrator. The arbitrator or arbitrators shall have at
         least 5 years of experience in employment law. Any claim or dispute
         arising hereunder shall be decided by the arbitrator or arbitrators
         based upon the rights and obligations of the parties set forth in this
         agreement. The decision of the arbitrator or of the majority of the
         arbitrators, as the case may be, shall not include any award for
         punitive damages or penalties, but the arbitrator or majority of
         arbitrators may award or prorate attorneys fees in accordance with his
         or their judgment as to who is the prevailing party in the arbitration.
         An arbitration award rendered in accordance with this agreement shall
         be binding and conclusive upon the parties, and may be entered in any
         court of competent jurisdiction. The costs of arbitration shall be
         borne equally, except that each party shall bear the cost of their own
         counsel and experts, if any. Venue for any arbitration proceedings
         hereunder shall be in Hartford, Connecticut.

18.      Severability. If any of the terms or conditions of this agreement shall
         be declared void or unenforceable by any court or administrative body
         of competent jurisdiction, such term or condition shall be deemed
         severable from the remainder of this agreement, and the other terms and
         conditions of this agreement shall continue to be valid and
         enforceable.

<PAGE>   7

19.      Construction. This agreement sets forth the entire agreement of the
         Bank, the Holding Company and the Employee regarding the employment of
         the Employee by the Bank, and this agreement supersedes any prior or
         contemporaneous oral or written agreement with respect to the
         Employee's employment or any other matter set forth herein. This
         agreement shall be construed under the laws of the State of Connecticut
         and may not be amended except by a writing signed by the Employee and
         the Bank. Section headings are for convenience only and shall not be
         considered a part of the terms and provisions of this agreement.

If this agreement is acceptable to you, please sign below.

                               Very truly yours,

                               FIRST INTERNATIONAL BANK

                               By:/s/Brett N. Silvers
                               ----------------------
                                     Brett N. Silvers
                                     Its Chairman and Chief Executive Officer

Agreed to:

/s/Leslie A. Galbraith
----------------------
NAME:  Leslie A. Galbraith

         The undersigned hereby agrees to be bound by the provisions of this
agreement with respect to stock options and the exercise thereof.

                              FIRST INTERNATIONAL BANCORP, INC.

                              By:/s/Brett N. Silvers
                              ----------------------
                                   Brett N. Silvers
                                   Its Chairman and Chief Executive Officer

<PAGE>   8
                                                                   Exhibit 10.11

                                                                   March 6, 2000

Shaun P. Williams
162 Tavern Circle
Middletown, CT  06456

Dear Shaun:

This agreement is intended to set forth the basic terms under which you ("YOU"
or the "EMPLOYEE") will continue to be employed by First International Bank (the
"BANK") and, therefore, to constitute an employment agreement between us. We
have agreed with you that:

1.       Nature and Term of Employment. You will continue to be employed as
         Executive Vice President and Chief Financial Officer of the Bank (or
         equivalent title) in accordance with the terms and conditions in this
         agreement, and you accept such employment and agree to serve in such
         capacity. The term of employment under this agreement will extend from
         the date set forth above through February 28, 2002 (the "TERM").
         Nothing in this agreement will prohibit the continuation of employment
         beyond the Term if and as agreed by the Bank and Employee.

2.       Performance of Duties. While employed by the Bank, you will apply, in
         good faith and on a full-time basis, all of your skill and experience
         to the performance of your duties in such employment. You will have
         such responsibilities and authority as are designated (and as may be
         revised from time to time) by the Chairman and Chief Executive Officer
         and the Board of Directors of the Bank.

3.       Base Compensation. Commencing upon your acceptance of this agreement,
         the Bank will pay or cause to be paid to you during your employment a
         salary at the rate of $155,000 per annum, with the amount increasing by
         not less than 2% during 2000 and increasing by not less than 2% during
         2001. Your salary will be paid at such times as the salaries of other
         salaried officers of the Bank are generally paid.

4.       Benefits. During your employment, the Bank shall provide health,
         dental, disability, life insurance and retirement benefits for you and
         your dependents comparable to such coverage as is provided for officers
         of the Bank generally. In addition, during your employment provided
         that you are insurable at standard rates, the Bank shall sponsor and
         pay for (a) an individually-owned supplemental term life insurance
         policy on your life in the amount of $1,500,000, and (b) an
         individually-owned supplemental disability income insurance policy with
         a benefit to you of approximately $4,000 per month. The insurance
         policies shall remain in full force and effect during the term of this
         agreement, shall provide for such persons as you may designate to be
         the beneficiaries of the benefits thereof, and shall be portable. You
         agree to be available for such medical and other examinations and
         inquiries as the insurance carriers may request.

<PAGE>   9

5.       Bonuses. You will be eligible to receive cash bonuses in 2000, 2001 and
         2002, which bonuses shall be determined by the Chairman and Chief
         Executive Officer and Board of Directors of the Bank (or a committee of
         the Board of Directors of the Bank) in their discretion based upon your
         performance as evaluated primarily with reference to the policies and
         budgets approved by the Bank's Board.

6.       Supplemental Option. As further compensation for the services to be
         provided by you hereunder, First International Bancorp, Inc. (the
         "HOLDING COMPANY") is granting to you today pursuant to the Holding
         Company's 1994 Incentive Stock Option Plan and the Amended and Restated
         1996 Stock Option Plans (the "PLANS") additional options to purchase
         11,500 shares of the Common Stock of the Holding Company for the price
         and on the other terms set forth in new stock option agreements that
         you are entering into with the Holding Company on the date hereof (the
         "SUPPLEMENTAL OPTION"). The Supplemental Option will be in addition to
         the option to purchase 3,500 shares of the Common Stock of the Holding
         Company that would otherwise be made to you during 2000 in accordance
         with the Bank's present compensation policies and Plans.
         Notwithstanding any option agreements between you and the Holding
         Company dated before the date hereof, the Supplemental Option and all
         stock options held by you before the date hereof to purchase Common
         Stock of the Holding Company will be vested immediately. Any additional
         stock options granted to you pursuant to the Plans after the date
         hereof but prior to February 28, 2002 to purchase Common Stock of the
         Holding Company would be vested as of the earliest of (a) February 28,
         2002, (b) a Change in Control (as defined in paragraph 7 below), and
         (c) any termination by the Bank without Cause (as defined in paragraph
         8(c) below) of Employee's employment hereunder.

7.       Change in Control Provisions. A "CHANGE IN CONTROL" will have occurred
         if the Chase Family and the Silvers Family cease, in the aggregate, to
         beneficially own at least 25% of the outstanding Common Stock of the
         Holding Company or any successor thereto or to have the right to
         exercise, directly or indirectly, at least 25% of the aggregate voting
         power of the Bank or of any successor thereto. As used in this
         paragraph, "CHASE FAMILY" means Arnold Chase, Cheryl Chase, Rhoda L.
         Chase, David T. Chase and the parents, other family members, affiliates
         and personal representatives and heirs of each of them, "SILVERS
         FAMILY" means Brett N. Silvers, Nancy W. Silvers, their children and
         any trusts or other entities as to which the beneficiaries or owners
         are Brett N. Silvers, Nancy W. Silvers and/or their children. As
         described above, any additional stock options granted to you pursuant
         to the Plans after the date hereof to purchase common stock of the
         Holding Company will be vested immediately upon the occurrence of a
         Change in Control.

<PAGE>   10

8.       Termination Provisions.

         (a) Voluntary Termination - If Employee quits Employee's employment
         hereunder (except as otherwise provided in the next paragraph), dies or
         is terminated due to disability, as defined under the Bank's then
         current long-term disability policy, whether before or after a Change
         in Control, Employee will receive Employee's base salary through the
         date as of which Employee's employment ceases (net of any amounts owed
         by Employee to the Bank) plus accrued vacation time, but will not
         receive any severance, bonuses or other benefits.

         (b) Termination Without Cause - If Employee (i) is fired without
         "Cause", as defined below or (ii) quits Employee's employment hereunder
         within three months after a Change in Control that results in a
         reduction in Employee's title, responsibilities, compensation and/or
         benefits, or a change of more than 40 miles in Employee's place of
         employment (any of the foregoing reasons being "GOOD REASONS"),
         Employee will receive, as Employee's sole remedy for such firing or
         quitting for Good Reason (in addition to any vesting of stock options
         provided for in paragraph 6 above), a lump sum cash payment equal to
         the Employee's then existing base salary (net of any amounts owed by
         Employee to the Bank) for one year. The Bank may, as a condition to
         being required to pay the severance payments provided for in this
         agreement, require the Employee to execute a general release of any
         claim (other than the obligation of the Bank to make such severance
         payments) or cause of action that Employee may have against the Bank,
         the Holding Company, or any of their officers, directors, employees,
         agents, or representatives.

         (c) Termination With Cause - If Employee is fired for "Cause", Employee
         will receive Employee's base salary through the date as of which
         Employee's employment is terminated (net of any amounts owed by
         Employee to the Bank and any costs incurred by the Bank due to such
         "Cause") plus accrued vacation time, but will not receive any
         severance, bonuses or other benefits. "CAUSE" means any of the
         following: (a) insubordination or other refusal or failure to carry out
         the instructions or policies of the Board or the officers to whom the
         Employee reports; (b) dishonesty, crime or action involving moral
         turpitude, or any other conduct that is illegal, immoral or materially
         injurious to the Bank; (c) breach of Employee's covenants or
         obligations under this agreement, or (d) non-performance in the
         performance of Employee's duties, evaluated primarily with reference to
         the Bank's credit and organizational policies, and with reference to
         the goals and budgets approved by the Bank's Board of directors, and,
         if such non-performance referred to in this clause (d) is capable of
         being corrected, continuation of such non-performance for 30 days after
         the Bank gives notice to the Employee describing such non-performance.

9.       Covenant Not to Compete. During the time that Employee is employed by
         the Bank, and if Employee's employment terminates at any time during
         the Term (regardless of whether the termination is voluntary or
         involuntary, with or without Cause or Good Reason) for a period of 12
         months from the date of such termination, Employee shall not (a) become
         engaged directly in a management, lending, financial or consulting
         capacity in the

<PAGE>   11

         origination, processing, purchasing or selling of SBA, USDA or Ex-Im
         Bank loans, or (b) seek to cause any employee or customer of the Bank,
         the Holding Company or any direct or indirect Subsidiary of either of
         them to cease, reduce or change in a manner adverse to the business or
         interests of the Bank, the Holding Company or any direct or indirect
         Subsidiary of either of them, such employee's or customer's employment
         by or relationship with the Bank, the Holding Company or any direct or
         indirect Subsidiary of either of them. As used herein, (i) "SUBSIDIARY"
         means any corporation, association, limited liability company, trust,
         or other business entity of which the Bank or the Holding Company shall
         at any time own directly or indirectly through a Subsidiary or
         Subsidiaries at least a majority (by number of votes) of the
         outstanding Voting Stock, and (ii) "VOTING STOCK" means stock or other
         equity interests, of any class or classes (however designated), the
         holders of which are at the time entitled, as such holders, to vote for
         the election of a majority of the directors, managers or trustees (or
         persons performing similar functions) of the corporation, association,
         limited liability company, trust or other business entity involved,
         whether or not the right so to vote exists by reason of the happening
         of a contingency.

10.      Exclusivity of Services:  Confidentiality.

         (a) In addition to the more specific provisions of paragraph 9 above,
         you agree that during the Term of this agreement, you will not, without
         the prior written approval of the Chairman and Chief Executive Officer
         and the Board of Directors of the Bank, directly or indirectly engage
         or participate in, or become an owner, partner, officer of, director
         of, or become employed by, or render advisory, consulting or other
         services to or in connection with, any other business enterprise during
         the time that you are employed by the Bank; provided, however, that you
         may hold outside directorships which may, from time to time, require
         minor portions of time, but which shall not interfere or be
         inconsistent with your duties hereunder.

         (b) You also acknowledge that any information and documentation
         relating to the Bank or the Holding Company, including but not limited
         to their products, programs, business strategies, clients, employees,
         forms, financial matters, and matters discussed by the Board of
         Directors of the Bank and the Holding Company, are the sole property of
         the Bank and the Holding Company and are strictly confidential; and you
         agree that you will not, at any time before, during or at any time
         after your employment by the Bank (regardless of whether the
         termination of your employment is voluntary or involuntary, with or
         without Cause or Good Reason), disclose any of such information or
         documentation to any person or entity for any purpose whatsoever,
         except for your use of such information and documentation in the course
         of carrying out your duties during the time that you are employed by
         the Bank and except to comply with requirements of law or regulatory
         authorities with jurisdiction over the Bank and the Holding Company and
         except to counsel or independent auditors for you, the Bank or the
         Holding Company. The foregoing sentence does not, however, prohibit the
         disclosure by you of information that (i) is generally available to the
         public other than as a result of a disclosure of such information
         directly or indirectly by you, or (b) becomes available to you on a
         non-confidential basis from a source other than the Bank, the Holding
         Company and their

<PAGE>   12

         officers, directors, employees, representatives and advisors, provided
         that such source is not known by you to be bound by any obligation of
         secrecy to the Bank or the Holding Company or another party.

         (c) You also agree that you will not discuss or disclose any of the
         terms or provisions of this agreement, either before, during or at any
         time after the Term of this agreement, with any other employee of the
         Bank or the Holding Company, except for your superior officers, members
         of the Operating Committee of the Bank, the Chairman and Chief
         Executive Officer of the Bank, and the Board of Directors of the Bank
         and the Holding Company.

11.      Equitable Relief. You acknowledge that any violation of Section 9 or 10
         above will cause the Bank and the Holding Company irreparable harm and
         that, in addition to any other remedy that they may have, the Bank and
         the Holding Company will have the right to obtain such injunctive or
         other equitable relief as they may deem to be necessary or appropriate.

12.      Tax Withholding Requirement. The amounts paid by the Bank to you
         hereunder will have withheld and deducted therefrom any taxes required
         to be withheld by the Bank under any federal, state or local law.

13.      Regulatory Limitation. Notwithstanding any other provision of the
         Agreement, the Bank shall not be obligated to make, and the Employee
         shall have no right to receive, any payment, benefit or amount under
         this Agreement which would violate any law, regulation or regulatory
         order applicable to the Bank to the Holding Company at the time such
         payment, benefit or amount is due (a "PROHIBITED PAYMENT"). If an
         amount payable hereunder is not paid because it is a Prohibited
         Payment, Employee shall continue to be bound by all of Employee's
         obligations and agreements hereunder and the Bank shall make or provide
         to the Employee the payment, benefit or other amount (or such portion
         thereof the making of which ceases to be a violation) that is the
         subject of the Prohibited Payment at such later date, if any, as the
         applicable law, regulation or regulatory order no longer would be
         violated by the Bank's making or providing such payment, benefit or
         amount to the Employee.

14.      Limitation on Benefits. It is the intention of the Employee and Bank
         that no payments by Bank to or for the benefit of Employee under this
         agreement or any other agreement or plan pursuant to which Employee is
         entitled to receive payments or benefits shall be nondeductible to Bank
         or any other payor by reason of Section 280G of the Internal Revenue
         Code of 1986, as amended (the "Code") and subject to a tax pursuant to
         Section 4999 of the Code, as a result of payments that would constitute
         "parachute payments". Accordingly, such payments shall be reduced in
         such amounts as are required to reduce the aggregate "present value"
         (as the term is defined in Section 280G(d)(4) of the Code) of such
         payments to one dollar less than an amount equal to three times the
         Employee's "base amount" (as the term is defined in Section
         280G(b)(3)(a) and (d)(1) and (2) of the Code), to the end that the
         Employee is not subject to tax pursuant to Section 4999 and no
         deduction is disallowed to the Bank by reason of Section 280G(a). The
         determination as to the

<PAGE>   13

         amount of the reduction of such payments, if any, shall be made by the
         Bank's independent certified public accountants.

15.      Notices. All notices under this agreement shall be in writing and shall
         be deemed effective when delivered in person or by recognized overnight
         delivery service to you or to the Bank, or if mailed, postage prepaid,
         registered or certified mail, addressed, in the case of you, to your
         last known address as carried on the personnel records of the Bank and,
         in the case of the Bank, to its corporate headquarters, attention of
         the Chairman and Chief Executive Officer, or to such other address as
         the party to be notified may specify by notice to the other party
         pursuant to this paragraph.

16.      Successors and Assigns. The rights and obligations of the Bank under
         this agreement shall inure to the benefit of and shall be binding upon
         the successors and assigns of the Bank, including, without limitation,
         any corporation, individual or other person or entity which may acquire
         all or substantially all of the assets and business of the Bank or with
         or into which the Bank may be consolidated or merged.

17.      Arbitration. Any dispute which may arise between the parties hereto
         shall be settled by binding arbitration in accordance with the National
         Rules for the Resolution of Employment Disputes of the American
         Arbitration Association. The parties shall mutually agree in writing
         upon an arbitrator. If the parties shall fail to agree upon an
         arbitrator within 5 days after a written demand, delivered as provided
         for notices hereunder, for arbitration hereunder is made, each party
         shall have the right within the succeeding 10 days to select an
         arbitrator (the failure by either party to exercise such right within
         said 10 days will be equivalent to a consent to the selection of the
         other party's arbitrator by mutual agreement); within 20 days after
         such selection, if 2 arbitrators are selected, the 2 arbitrators shall
         select a third arbitrator. The arbitrator or arbitrators shall have at
         least 5 years of experience in employment law. Any claim or dispute
         arising hereunder shall be decided by the arbitrator or arbitrators
         based upon the rights and obligations of the parties set forth in this
         agreement. The decision of the arbitrator or of the majority of the
         arbitrators, as the case may be, shall not include any award for
         punitive damages or penalties, but the arbitrator or majority of
         arbitrators may award or prorate attorneys fees in accordance with his
         or their judgment as to who is the prevailing party in the arbitration.
         An arbitration award rendered in accordance with this agreement shall
         be binding and conclusive upon the parties, and may be entered in any
         court of competent jurisdiction. The costs of arbitration shall be
         borne equally, except that each party shall bear the cost of their own
         counsel and experts, if any. Venue for any arbitration proceedings
         hereunder shall be in Hartford, Connecticut.

18.      Severability. If any of the terms or conditions of this agreement shall
         be declared void or unenforceable by any court or administrative body
         of competent jurisdiction, such term or condition shall be deemed
         severable from the remainder of this agreement, and the other terms and
         conditions of this agreement shall continue to be valid and
         enforceable.

<PAGE>   14

19.      Construction. This agreement sets forth the entire agreement of the
         Bank, the Holding Company and the Employee regarding the employment of
         the Employee by the Bank, and this agreement supersedes any prior or
         contemporaneous oral or written agreement with respect to the
         Employee's employment or any other matter set forth herein. This
         agreement shall be construed under the laws of the State of Connecticut
         and may not be amended except by a writing signed by the Employee and
         the Bank. Section headings are for convenience only and shall not be
         considered a part of the terms and provisions of this agreement.

If this agreement is acceptable to you, please sign below.

                                 Very truly yours,

                                 FIRST INTERNATIONAL BANK

                                 By:/s/Brett N. Silvers
                                 ----------------------
                                       Brett N. Silvers
                                       Its Chairman and Chief Executive Officer

Agreed to:

/s/Shaun P. Williams
------------------------
NAME:  Shaun P. Williams

         The undersigned hereby agrees to be bound by the provisions of this
agreement with respect to stock options and the exercise thereof.

                                FIRST INTERNATIONAL BANCORP, INC.

                                By:/s/Brett N. Silvers
                                ----------------------
                                     Brett N. Silvers
                                     Its Chairman and Chief Executive Officer

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