Document:

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                                                                    EXHIBIT 10.1

                         FIRST AMENDMENT TO AMENDED AND
                            RESTATED CREDIT AGREEMENT

         ESCALADE, INCORPORATED, an Indiana corporation ("Borrower"), and BANK
ONE, NA, a national banking association (the "Bank"), agree as follows:

         1. CONTEXT. This agreement is made in the context of the following
agreed state of facts:

         a.       The Company and the Bank are parties to an Amended and
                  Restated Credit Agreement effective October 24, 2001 (the
                  "Agreement").

         b.       The Company and the Bank desire to amend the Agreement and the
                  Bank desires to waive certain covenant violations.

         c.       The Company and Bank have executed this document (this "First
                  Amendment") to give effect to their agreement.

         2.       DEFINITIONS.

         a.        Terms used in this First Amendment with their initial letters
                   capitalized are used as defined in the Agreement, unless
                   otherwise defined herein.

         b.       The following definitions are hereby added to Section 1 of the
                  Agreement:

                  -        "Schleicher" means Schleicher & Co. International AG.

                  -        "Schleicher Debt" means any and all indebtedness of
                           Schleicher existing or refinanced as of the date of
                           the First Amendment to Amended and Restated Credit
                           Agreement.

         3. LOANS OR ADVANCES. Subsection 6.d of the Agreement is hereby amended
in its entirety as follows:

                  d.  LOANS OR ADVANCES. Neither the Company nor any Subsidiary
                  shall make or permit to exist any loans or advances to
                  Schleicher. Notwithstanding the preceding sentence, the
                  Company shall not make or permit to exist any loans or
                  advances to any person or entity, except for:

                  (i)      extensions of credit or credit accommodations to
                           customers or vendors made by the Company in the
                           ordinary course of its business as now conducted;

                  (ii)     reasonable salary advances to non-executive
                           employees, and other advances to agents and employees
                           for anticipated expenses to be incurred on behalf of
                           the Company in the course of discharging their
                           assigned duties; and

                  (iii)    the specific items listed in the "Schedule of
                           Exceptions" attached as EXHIBIT "D."

         4.       WAIVER. With respect to the acquisition of Schleicher by the
                  Company, the Bank hereby agrees to waive the following:

         a.       The Company's noncompliance with Subsection 6.b of the
                  Agreement to permit the existence of liens created or existing
                  with respect to Schleicher in connection with existing or
                  refinanced Schleicher Debt.

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         b.       The Company's noncompliance with Subsection 6.e of the
                  Agreement to not require Schleicher to execute a Guaranty
                  Agreement pursuant to Subsection 6.e in the event such
                  Guaranty Agreement is prohibited by or would violate the
                  terms of any refinancing of the Schleicher Debt.

         c.       The Company's noncompliance with Subsection 6.k of the
                  Agreement to permit Schleicher to retain the Schleicher Debt.

         Such waivers by the Bank of the Company's noncompliance relate only to
         the covenant expressly waived herein with respect to the purchase of
         Schleicher by the Company, and shall not be construed as a waiver of
         any other violations of this or any other covenant.

         5. CONDITIONS PRECEDENT. As conditions precedent to the effectiveness
of this First Amendment, the Bank shall have received, each duly executed and in
form and substance satisfactory to the Bank, this First Amendment and the
following:

         a.       Certificates of Existence issued regarding the Company and
                  Schleicher.

         b.       A certified copy of resolutions of the Board of Directors of
                  the Company authorizing the execution and delivery of this
                  First Amendment and any other documents required under this
                  First Amendment.

         c.       A certificate signed by the Secretary of the Company
                  certifying the name of the officer or officers authorized to
                  sign this First Amendment and any other document required
                  under this First Amendment, together with a sample of the true
                  signature of each such officer.

         d.       A Guaranty Agreement executed by Schleicher unless waived
                  pursuant to Section 4.b. hereof.

         e.       A certified copy of resolutions of the Board of Directors of
                  Schleicher authorizing the execution and delivery of the
                  Guaranty Agreement.

         f.       Copies of all acquisition document with respect to the
                  acquisition of Schleicher by the Company.

         g.       A certificate signed by the Secretary of Schleicher certifying
                  the name of the officer or officers authorized to sign the
                  Guaranty Agreement, together with a sample of the true
                  signature of each such officer.

         h.       Copies of the organizational documents for Schleicher.

         i.       Such other documents as may be reasonably required by the
                  Bank.

         6. REIMBURSEMENT OF EXPENSES. All out-of-pocket expenses of the Bank
incurred by the Bank associated with this First Amendment, including without
limitation, filing fees, recording fees and legal fees and disbursements, are to
be reimbursed by the Company to the Bank promptly upon demand therefor.

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         7. REPRESENTATIONS AND WARRANTIES. To induce the Bank to enter into
this First Amendment, the Company represents and warrants, as of the date of
this First Amendment, that no Event of Default or Unmatured Event of Default has
occurred and is continuing and that the representations and warranties contained
in Section 3 of the Agreement are true and correct, except that the
representations contained in Section 3.d refer to the latest financial
statements furnished to the Bank by the Company pursuant to the requirements of
the Agreement.

         8. REAFFIRMATION OF THE AGREEMENT. Except as amended by this First
Amendment, all terms and conditions of the Agreement shall continue unchanged
and in full force and effect and the Obligations of the Company shall continue
to be secured and guaranteed as therein provided until payment and performance
in full of all Obligations.

         IN WITNESS WHEREOF, the Company, and the Bank, by their duly authorized
officers, have executed this First Amendment to Credit Agreement effective as of
August 29, 2002.

                                     ESCALADE, INCORPORATED

                                     By:  /s/  John R. Wilson
                                        ---------------------------------
                                        John R. Wilson, Vice President and
                                              Chief Financial Officer

                                     BANK ONE, INDIANA, NA

                                     By:  /s/ Robert E. McElwain
                                        ----------------------------
                                        Robert E. McElwain, First Vice PresidentExhibit 4.1

                   ALCON EXECUTIVE DEFERRED COMPENSATION PLAN

                       EFFECTIVE DATE: October 25, 2002

                                                        SPONSORED BY ALCON, INC.

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                   ALCON EXECUTIVE DEFERRED COMPENSATION PLAN
                                      INDEX

SECTION:

   I.   Name and Purpose.......................................................1

  II.   Effective Date.........................................................1

 III.   Definitions............................................................1

  IV.   Eligibility............................................................6

   V.   Administration of the Plan.............................................6

  VI.   Election to Participate................................................6

 VII.   Plan Accounts..........................................................9

VIII.   Method of Distribution................................................11

  IX.   Change in Distribution Schedule.......................................12

   X.   Offset for Obligations to Company.....................................14

  XI.   Liability of Company..................................................14

 XII.   Rights of a Participant...............................................14

XIII.   Amendment and Termination.............................................14

 XIV.   Determination of Benefits.............................................14

  XV.   Notices...............................................................14

 XVI.   General Provisions....................................................15

XVII.   Unfunded Status of Plan...............................................16

XVIII.  Rights to Benefits....................................................16

APPENDIX A

   I.   Determination of Benefits.............................................1

                                        i

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                   ALCON EXECUTIVE DEFERRED COMPENSATION PLAN

I.   NAME AND PURPOSE

     The name of the plan is the Alcon Executive Deferred Compensation Plan (the
     "Plan"). Its purpose is to provide certain individuals with the opportunity
     to defer receipt of compensation and certain stock gains otherwise payable
     currently and to accumulate earnings thereon on a tax-deferred basis. This
     program has been adopted in recognition of the valuable service of eligible
     individuals and the desire to provide them with additional flexibility in
     their personal financial planning. This Plan is intended to be an unfunded
     plan maintained primarily for the purpose of providing deferred
     compensation for a select group of management or highly compensated
     employees within the meaning of Title I of the Employee Retirement Income
     Security Act of 1974, as amended ("ERISA").

II.  EFFECTIVE DATE

     The plan shall be effective as of October 25, 2002.

III. DEFINITIONS

     A.   ACCOUNT means the total balance credited to a Participant's
          Compensation Deferral Account, Restricted Stock Deferral Account
          and/or Stock Option Gain Account. The Account shall not constitute or
          be treated as an escrow, trust fund, or any other type of funded
          account for Code or ERISA purposes and, moreover, contingent amounts
          credited thereto shall not be considered "plan assets" for ERISA
          purposes. The Account merely provides a record of the bookkeeping
          entries relating to the contingent benefits the Sponsor intends to
          provide the Participant and shall thus reflect a mere unsecured
          promise to pay amounts in the future.

     B.   BENEFICIARY means any person or persons so designated in accordance
          with the provisions of SECTION IX.

     C.   BOARD OF DIRECTORS means the board of directors of Alcon, Inc.

     D.   CHANGE OF CONTROL of the Company means

          (1) any "person" or "group" (as those terms are used in Sections 13(d)
          and 14(d) of the Securities Exchange Act of 1934, as amended from time
          to time (the "Exchange Act") (other than one or more Excluded Persons)
          becomes the owner of 25% or more of the Common Stock of the Sponsor,
          or, with respect to Holdings or the Participant's Employer, 33% or
          more of the Common Stock or 33% or more of the Common Stock of the
          general partner in any Employer that is a limited partnership; or

          (2) individuals, who, as of the Effective Date, constitute the Board
          of Directors of Sponsor, Holdings, the Participant's Employer, or (in
          the case of an Employer

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          that is a limited partnership) the general partner of Participant's
          Employer (the "Continuing Directors") cease for any reason to
          constitute at least a majority of such Board; provided, however, that
          any individual becoming a director after the Effective Date whose
          election or nomination for election by the shareholders, was approved
          by a vote of at least a majority of the Continuing Directors will be
          considered as though such individual were a Continuing Director, but
          excluding for this purpose any such individual whose initial
          assumption of office occurs as a result of either an actual or
          threatened election contest (as such terms are used in Rule 14a-11 of
          Regulation 14A promulgated under the Exchange Act) or other actual or
          threatened solicitation of proxies or consents by or on behalf of a
          Person other than the Board of Directors.

          (3) a reorganization, merger, consolidation or similar transaction
          which results in the voting securities of the Sponsor, Holdings, the
          Participant's Employer (or, in the case of an Employer that is a
          limited partnership, the general partner of such Employer) outstanding
          immediately prior thereto continuing to represent (either by remaining
          outstanding or by being converted into voting securities of the
          surviving or acquiring entity) less than 51% of the combined voting
          power of the voting securities of the Sponsor, Holdings, the
          Participant's Employer, or the general partner of such Employer, or
          such surviving or acquiring entity outstanding immediately after such
          merger or consolidation; or

          (4) a liquidation or dissolution of the Participant's Employer or sale
          of an operating division or substantially all of the assets of the
          Participant's Employer. In addition, for purposes of this definition
          the following terms have the meanings set forth below:

               (a) "Common Stock" means, in the case of a corporation, the then
               outstanding Common Stock plus, for purposes of determining the
               stock ownership of any Person, the number of shares of Common
               Stock which such Person has the right to acquire (whether such
               right is exercisable immediately or only after the passage of
               time) upon the exercise of conversion rights, exchange rights,
               warrants, or options or otherwise. Notwithstanding the foregoing,
               the term Common Stock does not include shares of preferred stock
               or convertible debt or options or warrants to acquire shares of
               Common Stock (including any shares of Common Stock issued or
               issuable upon the conversion or exercise thereof) to the extent
               that the Board of Directors of Sponsor, Holdings, or an Operating
               Subsidiary, as applicable, expressly so determines in any future
               transaction or transactions.

               (b) "Holdings" means Alcon Holdings, Inc., a corporation
               organized in Delaware.

               (c) "Operating Subsidiary" means Alcon Manufacturing Ltd., a
               Texas limited partnership, Alcon Laboratories, Inc., a Delaware
               corporation,

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               Alcon Research Ltd., a Texas limited partnership, Falcon
               Pharmaceuticals, Ltd., a Texas limited partnership, Alcon
               Pharmaceuticals, Inc., a Delaware corporation,
               RefractiveHorizons, LP, a Texas limited partnership, Summit
               Autonomous, Inc., a Massachusetts corporation, or any other
               subsidiary of Holdings.

               (d) The Participant's "Employer" refers to the Operating
               Subsidiary for whom the Participant performs services as a common
               law employee.

               (e) "Excluded Persons" shall mean Nestle SA, the Sponsor,
               Holdings, an Operating Subsidiary, or an affiliate of any of the
               foregoing, or any employee benefit plan (or related trust)
               sponsored by any of them.

               (f) A Person will be deemed to be the "owner" of any Common Stock
               of which such Person would be the "beneficial owner," as such
               term is defined in Rule 13d-3 promulgated by the Securities and
               Exchange Commission under the Exchange Act.

     E.   CODE means the Internal Revenue Code of 1986, as amended, and the
          regulations and other authority issued thereunder by the appropriate
          governmental authority. References to the Code shall include
          references to any successor section or provision of the Code.

     F.   COMMITTEE means the Chief Executive Officer and Chief Financial
          Officer of Alcon Laboratories, Inc. or any other persons appointed by
          the Board of Directors to administer the Plan and to perform the
          functions set forth herein.

     G.   COMPANY means the Sponsor and each Participating Employer.

     H.   COMPENSATION means (i) base salary earned by a Participant on a
          periodic basis throughout the Plan Year and subsequent to the
          effective date of the Compensation Deferral Election, (ii) bonuses and
          other incentive compensation paid to a Participant during a Plan Year
          and subsequent to the effective date of the Compensation Deferral
          Election; and (iii) income from Phantom Stock.

     I.   COMPENSATION DEFERRAL ACCOUNT means the sum of (i) the amounts
          deferred by a Participant under all of his Compensation Deferral
          Elections, (ii) the total amount of Discretionary Contributions; and
          (iii) additional amounts credited/debited to the Participant's
          Compensation Deferral Account as a result of the Participant's
          selection of Investment Alternatives in accordance with SECTION VII,
          less (iv) all distributions made to the Participant or his or her
          Beneficiary pursuant to this Plan from the Participant's Compensation
          Deferral Accounts, including any applicable penalties imposed pursuant
          to SECTION IX E.

     J.   COMPENSATION DEFERRAL ELECTION means an irrevocable election made by
          an Eligible Individual to defer the receipt of Compensation for a
          given Plan Year. The Compensation Deferral Election shall be
          documented on the Compensation

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         Deferral Election Form provided by the Committee.

     K.   DEFERRAL ELECTION means a Compensation Deferral Election, Restricted
          Stock Deferral Election, or Stock Option Deferral Election as defined
          under this SECTION III.

     L.   DISCRETIONARY CONTRIBUTION means the amount contributed by the Company
          to a Participant's Compensation Deferral Account pursuant to SECTION
          VI of the Plan.

     M.   DISTRIBUTION EVENT means the date or dates designated in advance by
          the Participant, in his or her Deferral Election Forms, upon which
          payment of the Participant's Compensation Deferral Accounts,
          Restricted Stock Deferral Account and/or Stock Option Gain Account
          shall be deemed triggered for subsequent distribution, pursuant to
          SECTION VIII.

     N.   ELIGIBLE INDIVIDUAL means each employee of the Company selected for
          participation in this Plan pursuant to SECTION IV of the Plan.

     O.   ELIGIBLE STOCK OPTION means one or more stock option(s) exercisable
          under a plan or arrangement of the Company.

     P.   FAIR MARKET VALUE means the average of the high and low sale prices of
          a share of Stock on a national securities exchange on any day (if
          Stock was not traded on such day, the most recent preceding trading
          day). If Stock is not traded on a national securities exchange, the
          Fair Market Value shall be determined by the Committee.

     Q.   INVESTMENT ALTERNATIVES means those Investment Alternatives chosen
          from time to time by the Committee, as described in SECTION VII, and
          reflected on the Deferral Election Forms provided on an annual basis
          by the Company to the Participants. Such Investment Alternatives will
          allow individual Participants to hypothetically invest the balance of
          his or her Compensation Deferral Accounts during each Plan Year, among
          Investment Alternatives selected by the Participant, and shall
          determine the rate of appreciation (or depreciation) attributable to
          the balance of such Participant's Compensation Deferral Accounts for
          that Plan Year.

     R.   PARTICIPANT means an employee who is both eligible to participate in
          the Plan under the terms of SECTION IV and has elected to participate
          in the Plan.

     S.   PARTICIPATING EMPLOYER means Alcon Laboratories, Inc., Alcon Research,
          Ltd., Alcon Manufacturing, Ltd. and Falcon Pharmaceuticals, Ltd. or
          any other corporation or business organization which adopts the Plan,
          with the consent of Sponsor.

     T.   PLAN YEAR means the twelve (12) month period ending on the December
          31st of each year during which the Plan is in effect, provided that
          the first Plan Year shall commence on the Effective Date and end on
          December 31, 2002.

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     U.   PHANTOM STOCK means shares granted under the terms of the Phantom
          Stock Plan of Alcon Laboratories, Inc., its Selected Affiliates,
          Subsidiaries, and Related Corporations.

     V.   QUALIFYING GAIN shall mean the incremental value inuring to a
          Participant upon the exercise of an Eligible Stock Option, using the
          Stock-for-Stock payment method, during any Plan Year. Such incremental
          value shall be deliverable to the Participant's Stock Option Gain
          Account in the form of shares of Stock and shall be computed as
          follows: (i) the total fair market value of the shares of Stock
          held/acquired as a result of the exercise of an Eligible Stock Option
          using the Stock-for-Stock payment method, minus (ii) the total
          exercise price. For example, assume a Participant elects to exercise
          an Eligible Stock Option to purchase 1,000 shares of stock at an
          exercise price of $20 per share (i.e., a total exercise price of
          $20,000), when the Stock has a current fair market value of $25 per
          share (i.e., a total current fair market value of $25,000) and elects
          to defer one hundred (100) percent of the Qualifying Gain (i.e.
          $5,000). Using the Stock-for-Stock payment method, the Participant
          would deliver 800 shares of Stock (worth $20,000 at exercise) plus a
          Qualifying Gain, in the form of an unfunded and unsecured promise by
          the Company for 200 additional shares of Stock in the future (worth
          $5,000 at exercise). The number of additional shares of Stock
          deliverable to the Participant in the future as a result of the
          Qualifying Gain shall be fixed and determined as of the date of the
          exercise of the Eligible Stock Option, using the closing price of the
          Stock as of the end of the business day closest to the date of such
          exercise.

     W.   RESTRICTED STOCK means Stock granted to an employee of the Company
          subject to a substantial risk of forfeiture until a date on which
          certain service-based requirements or non-competition provisions are
          satisfied.

     X.   RESTRICTED STOCK DEFERRAL ACCOUNT means the aggregate value, measured
          on any given date, of the sum of: (i) the number of shares of
          Restricted Stock credited to the Participant's Restricted Stock
          Deferral Account, less (ii) the number of shares of Restricted Stock
          previously distributed, to the Participant (or his or her Beneficiary)
          pursuant to this Plan from the Participant's Restricted Stock Deferral
          Account, including any applicable penalties imposed pursuant to
          SECTION IX E.

     Y.   RESTRICTED STOCK DEFERRAL AMOUNT means the amount of Restricted Stock
          deferred in accordance with SECTION VI of this Plan.

     Z.   RESTRICTED STOCK DEFERRAL ELECTION means an irrevocable election made
          by an Eligible Individual to defer receipt of compensation in the
          amount of nonvested Restricted Stock for a given Plan Year pursuant to
          the requirements and terms of SECTION VI hereof.

     AA.  SPONSOR means Alcon, Inc. and its successors and assigns.

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     BB.  Stock means Alcon, Inc. common stock.

     CC.  STOCK OPTION GAIN ACCOUNT means the aggregate value, measured on any
          given date, of: (i) the number of shares of Stock deferred by a
          Participant as a result of all Stock Option Gain Deferral Elections,
          less (ii) the number of shares of Stock previously distributed to the
          Participant (or his or her Beneficiary) pursuant to this Plan from the
          Participant's Stock Option Gain Account, including any applicable
          penalties imposed pursuant to SECTION IX E.

     DD.  STOCK OPTION GAIN AMOUNT means, for any Eligible Stock Option, the
          portion of Qualifying Gains deferred in accordance with SECTION VI of
          this Plan.

     EE.  STOCK OPTION GAIN DEFERRAL ELECTION means an irrevocable election made
          by an Eligible Individual to defer the receipt of a stock Option Gain
          Amount for a given Plan Year. The Stock Option Gain Deferral Election
          shall be documented by the Participant on the Stock Option Gain
          Deferral Election Form provided by the Committee.

     FF.  TRUST means the grantor trust established pursuant to the Plan.

     GG.  TRUSTEE means the trustee named in the agreement establishing the
          Trust and such successor and/or additional trustees as may be named
          pursuant to the terms of the agreement establishing the Trust.

IV.  ELIGIBILITY

     An employee of the Company shall be eligible to participate in the Plan if
     the employee is approved to participate in the Plan by the Committee. An
     employee shall become a Participant under the Plan upon the timely filing
     of a Deferral Election Form, as described in SECTION VI.

V.   ADMINISTRATION OF THE PLAN

     The Plan shall be administered by the Committee which shall hold meetings
     at such times as may be necessary for the proper administration of the
     Plan. The Committee shall have the sole discretion to interpret the
     provisions of the Plan.

VI.      ELECTION TO PARTICIPATE

     A.   COMPENSATION DEFERRAL

          (1) PARTICIPATION - An Eligible Individual becomes a Participant in
          the Plan by filing a timely, irrevocable Compensation Deferral
          Election Form with the Committee. An Eligible Individual who has made
          a Compensation Deferral Election for any Plan Year and who continues
          to have a balance in his or her Compensation Deferral Account is a
          Participant. The Compensation Deferral Election shall be effective
          only for the single Plan Year to which it specifically relates. A new
          Compensation Deferral Election Form must be filed for each new

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          Plan Year. Amounts deferred under a Compensation Deferral Election
          shall be credited to a Compensation Deferral Account established
          under the Plan for the Participant.

          (2) COMPENSATION DEFERRAL ELECTION - The Compensation Deferral
          Election Form shall consist of the Eligible Individual's election to
          defer Compensation, election of Investment Alternatives and election
          of the timing and form of distribution of amounts deferred as
          described in SECTION VIII. An Eligible Individual may elect to defer
          (subject to any limitations on Compensation imposed by the Committee
          for the Plan Year), in any combination, all or a part of the Eligible
          Individual's Compensation. The Eligible Individual shall specify for
          each Compensation category an amount to be deferred, expressed either
          as a percentage or a dollar amount. All Compensation Deferral Election
          Forms must be submitted on a timely basis to the Committee, otherwise
          the Participant shall be deemed to have not submitted a Compensation
          Deferral Election Form for the Plan Year to which it relates. Except
          as provided in SECTION VI A(3) as to newly Eligible Individuals, a
          Compensation Deferral Election Form shall be deemed timely only if it
          is submitted to the Committee by June 30th of the Plan Year
          immediately preceding the Plan Year to which is relates.

          (3) INITIAL COMPENSATION DEFERRAL ELECTION - A newly Eligible
          Individual may make a compensation Deferral Election within thirty
          (30) days of the date the Eligible Individual receives notification of
          eligibility to participate in the Plan in order to defer Compensation
          earned with respect to the current Plan Year.

          (4) DISCRETIONARY CONTRIBUTION - The Committee, in its sole
          discretion, may from time to time make Discretionary Contributions to
          a Participant's Compensation Deferral Account.

     B.   RESTRICTED STOCK DEFERRAL

          (1) PARTICIPATION - An Eligible Individual may elect to defer (subject
          to any limitations imposed by the Committee for the Plan Year), all or
          a portion of any nonvested Restricted Stock that would otherwise vest
          at least six (6) months after the date of the Restricted Stock
          Deferral Election. An Eligible Individual becomes a Participant in
          Plan by filing a timely, irrevocable Restricted Stock Deferral
          Election Form with the Committee.

          (2) RESTRICTED STOCK DEFERRAL ELECTION - The Restricted Stock Deferral
          Election shall be documented by the Participant on the Restricted
          Stock Deferral Election Form provided by the Committee. The Restricted
          Stock Deferral Election Form shall specify the number of shares to be
          deferred and the election of the timing of the distribution of amounts
          deferred as described in SECTION VIII.

          For an election to defer Restricted Stock to be valid, the following
          must occur: (i) a separate Restricted Stock Deferral Election Form
          must be completed and signed by the Participant with respect to the
          Plan Year, (ii) the Restricted Stock Deferral Election Form must be
          delivered on a timely basis to the Committee and accepted

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          by the Committee; and (iii) the Participant must relinquish the number
          of shares of Restricted Stock to the Company on the day the Restricted
          Stock Deferral Election is filed with the Committee.

          All Restricted Stock Deferral Election Forms must be submitted on a
          timely basis to the Committee, otherwise the Participant shall be
          deemed to have not submitted a Restricted Stock Deferral Election Form
          for the Plan Year to which it relates. A Restricted Stock Deferral
          Election Form shall be deemed timely only if it is submitted at least
          six (6) months prior to the date the relevant Restricted Stock would
          otherwise vest.

     C.   STOCK OPTION GAIN DEFERRAL

          (1) PARTICIPATION - An Eligible Individual may irrevocably elect,
          prior to exercising an Eligible Stock Option, to participate in the
          Plan and defer receipt of all or part of a Qualifying Gain (as defined
          in SECTION III) that would otherwise have been payable to him or her,
          to a distribution date defined in SECTION VIII. An Eligible Individual
          becomes a Participant in the Plan by filing a timely, irrevocable
          Stock Option Gain Deferral Election Form with the Committee.

          (2) STOCK OPTION GAIN DEFERRAL ELECTION - For each Eligible Stock
          Option, a Participant may elect to defer a minimum of ten (10) percent
          and a maximum of one hundred (100) percent of the Qualifying Gain
          related to exercise of the Eligible Stock Option, such deferred amount
          to be known as his or her Stock Option Gain Amount. A Participant's
          ability to defer may be further limited by other terms or conditions
          set forth in the stock option plan or agreement under which such
          options are granted.

          For an election to defer the Qualifying Gain upon an Eligible Stock
          Option exercise to be valid, the following must occur: (i) a separate
          Stock Option Gain Deferral Election Form must be completed and signed
          by the Participant with respect to the Plan Year, specifying the
          plan(s) to which the Eligible Stock Option(s) relate, (ii) the Stock
          Option Gain Deferral Election Form must be delivered on a timely basis
          to the Committee and accepted by the Committee, (iii) the Eligible
          Stock Option must be exercised using the Stock-for-Stock payment
          method; and (iv) the Stock actually or constructively delivered by the
          Participant to exercise the Eligible Stock Option must have been (a)
          purchased by the Participant through a means which did not involve the
          exercise of any stock option or (b) purchased by the Participant as a
          result of stock option exercise and owned by the Participant during
          the entire six (6) months prior to its delivery.

          All Stock Option Gain Deferral Election Forms must be submitted on a
          timely basis to the Committee, otherwise the Participant shall be
          deemed to have not submitted a Stock Option Gain Deferral Election
          Form for the Plan Year to which it relates. A Stock Option Gain
          Deferral Election Form shall be deemed timely only if it is submitted
          at least six (6) months prior to the date the Participant elects to
          exercise the Eligible Stock Option.

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VII. PLAN ACCOUNTS

     A.   COMPENSATION DEFERRAL ACCOUNT

          (1) INVESTMENT ALTERNATIVES - The Investment Alternatives available
          for the Participant's Compensation Deferral Account will be selected
          by the Committee, in its sole discretion, and specified on the
          Compensation Deferral Election Form provided to the Participant by the
          Committee. Such Investment Alternatives will allow individual
          Participants to hypothetically invest the balance of their
          Compensation Deferral Accounts during each Plan Year and shall
          determine the rate of appreciation (or depreciation) which shall be
          credited on the balance of such Compensation Deferral Account.
          Allocation among the Investment Alternatives shall be in increments of
          whole percentages. A Participant shall have no actual ownership rights
          in any assets of the Company or the Trust as a result of such
          Participant's selection of Investment Alternatives. Moreover, the
          Company and/or Trust shall have no obligation to invest actual assets
          in accordance with the Participant's selection of Investments.

          (2) REALLOCATION AMONG INVESTMENT ALTERNATIVES - A Participant may
          choose, on the first day of each month, to reallocate the deemed
          investment of the amounts credited to such Participant's Compensation
          Deferral Account among the Investment Alternatives in increments of
          whole percentages. Such reallocation shall be achieved by submitting
          an Investment Alternative Change Form to the Committee pursuant to the
          procedures established by the Committee. The Investment Alternative
          Change Form must be submitted to the Committee no later than the
          twentieth (20th) day of the month prior to the date the reallocation
          becomes effective.

          (3) PERIODIC CREDITS OF COMPENSATION DEFERRAL AMOUNTS - The
          Participant's Compensation Deferral Account shall be credited with the
          amount of the deferred Compensation on the day such deferred
          Compensation would have otherwise been paid to the Participant. All
          periodic credits to a Participant's Compensation Deferral Account with
          respect to Compensation shall be accounted for based on the Investment
          Alternatives selected by the Participant on the Compensation Deferral
          Election Form or Investment Alternative Change Form.

          (4) INCREASE OR DECREASE TO COMPENSATION DEFERRAL ACCOUNTS - A
          Participant's Compensation Deferral Account will be increased or
          decreased on the last day of each month, in accordance with the
          Participant's Investment Alternative election reflected on his or her
          Compensation Deferral Election Form or Investment Alternative Change
          Form.

          (5) VESTING IN THE COMPENSATION DEFERRAL ACCOUNT - With the exception
          of Discretionary Contributions, the Participant shall at all times be
          one hundred (100) percent vested in his or her Compensation Deferral
          Account. The Committee shall determine the vesting provisions of any
          Discretionary Contributions to the Participant's Compensation Deferral
          Account.

                                  Page 9 of 17
<PAGE>

     B.   RESTRICTED STOCK DEFERRAL ACCOUNT

          (1) RESTRICTED STOCK DEFERRAL AMOUNT - Subject to any terms and
          conditions imposed by the Committee, Participants may elect to defer,
          under the Plan, all or a portion of any nonvested Restricted Stock
          into his or her Restricted Stock Deferral Account. The amount deferred
          shall be known as the Restricted Stock Deferral Amount. A
          Participant's Restricted Stock Deferral Account will be credited with
          the number of shares equal to the Restricted Stock Deferral Amount,
          plus the number of shares equal to the amount of any accrued dividends
          on such Restricted Stock divided by the Fair Market Value for the day
          the Restricted Stock Deferral Election was made. Such amounts will be
          credited to a Participant's Restricted Stock Deferral Account as soon
          as administratively feasible following receipt of a Restricted Stock
          Deferral Election Form. Restricted Stock Deferral Amounts shall be
          reflected on the books of the Company as an unfunded, unsecured
          promise to deliver to the Participant a specific number of shares of
          Stock, upon a Distribution Event in the future. Such shares of Stock
          would otherwise have been delivered to the Participant on a specified
          vesting date but for the Participant's election to defer.

          (2) INVESTMENT ONLY IN STOCK - The Participant's unfunded, unsecured
          right to receive a number of shares of Stock, equal in value (as of
          the date the Restricted Stock Deferral Election was made), to the
          Restricted Stock Deferral Amount will be reflected on the books of the
          Company. Dividends paid on Restricted Stock, while such Restricted
          Stock is reflected in the Participant's Restricted Stock Deferral
          Account, will be credited to the Restricted Stock Deferral Account in
          the form of additional shares of Stock. The Participant shall not have
          a right to diversify his Restricted Stock Deferral Account into
          Investment Alternatives nor to receive cash equal to the value of the
          Stock reflected in such Restricted Stock Deferral Account.

          (3) VESTING IN THE RESTRICTED STOCK DEFERRAL ACCOUNT - The Participant
          shall vest in Restricted Stock Deferral Amounts at the time the
          restrictions that would otherwise apply to the Restricted Stock
          pursuant to any other agreement between the Company and the
          Participant lapse, in accordance with the terms of such other
          agreements.

     C.   STOCK OPTION GAIN ACCOUNT

          (1) STOCK OPTION GAIN AMOUNT - Subject to any terms and conditions
          imposed by the Committee, Participants may elect to defer, under the
          Plan, all or a portion of any Qualifying Gains attributable to an
          Eligible Stock Option exercise, into his or her Stock Option Gain
          Account. The amount deferred shall be known as the Stock Option Gain
          Amount(s) and shall be reflected on the books of the Company as an
          unfunded, unsecured promise to deliver to the Participant a specific
          number of shares of Stock upon a Distribution Event in the future.
          Such shares of Stock would otherwise have been delivered to the
          Participant, pursuant to the Eligible Stock Option exercise, but for
          the Participant's election to defer.

                                 Page 10 of 17
<PAGE>

          (2) INVESTMENT ONLY IN STOCK - The Participant's unfunded, unsecured
          right to receive a number of shares of Stock, equal in value (measured
          as of the date of exercise of the Eligible Stock Option) to the Stock
          Option Gain Amount will be reflected on the books of the Company.
          Dividends paid on Stock while such Stock is reflected in the
          Participant's Stock Option Gain Account will be credited to the Stock
          Option Gain Account in the form of additional shares of Stock. The
          Participant shall not have a right to diversify the balance of his
          Stock Option Gain Account into Investment Alternatives nor to receive
          cash equal to the value of the Stock reflected in such Stock Option
          Gain Account.

          (3) VESTING IN THE STOCK OPTION GAIN ACCOUNT - The Participant shall
          at all times be one hundred (100) percent vested in his or her Stock
          Option Gain Account.

VIII. METHOD OF DISTRIBUTION

     A.   Distribution of a Participant's Plan Account balance will commence
          upon the Participant reaching a Distribution Event selected by the
          Participant on his Deferral Election Forms. The Participant shall have
          the ability to elect to receive distribution of his or her Plan
          Account balances as follows:

          (1) COMPENSATION DEFERRAL ACCOUNT BALANCE - The Participant's
          Compensation Deferral Account balance shall be payable only in the
          form of cash and shall be distributed in either a lump sum payment or
          in substantially equal annual installments over a predetermined number
          of years, selected by the Participant on his or her Compensation
          Deferral Election Forms. If annual installments are selected by the
          Participant, the initial installment shall be based on the value of
          the Participant's Compensation Deferral Account, measured just prior
          to distribution, and shall be equal to 1/n (where `n' is equal to the
          total number of annual installments not yet distributed). Subsequent
          installment shall be computed in a consistent fashion, with the
          measurement date being the anniversary of the original measurement
          date.

          (2) RESTRICTED STOCK DEFERRAL ACCOUNT - The Participant's Restricted
          Stock Deferral Account balance shall be payable in the form of Stock.
          Restricted Stock Deferral Account balances shall be distributed in
          either a lump sum or in equal annual installments over a predetermined
          number of years selected by the Participant on his Restricted Stock
          Deferral Election Forms. With respect to Stock, the number of shares
          of Stock distributed as an annual installment will be equal to the
          number of whole shares in the Participant's Restricted Stock Deferral
          Account on the date of the first distribution date, divided by the
          number of years elected by the Participant. Any fractional shares in
          the Participant's Restricted Stock Deferral Account will be liquidated
          on the date of the final installment payment and paid in cash to the
          Participant.

          (3) STOCK OPTION GAIN ACCOUNT - The Participant's Stock Option Gain
          Account balance shall be

                                 Page 11 of 17
<PAGE>
          payable only in the form of Stock and shall be distributed in either a
          lump sum or in equal annual installments of Stock over a predetermined
          number of years selected by the Participant on his Deferral Election
          Form. If the annual distribution method is elected, the number of
          shares of Stock distributed as an annual installment will be equal to
          the number of whole shares in the Participant's Stock Option Gain
          Account on the date of the first distribution date, divided by the
          number of years elected by the Participant. Any fractional shares in
          the Participant's Stock Option Gain Account will be liquidated on the
          date of the final installment payment and paid in cash to the
          Participant.

     B.   The annual installments will commence on the business day coinciding
          with or next following the April 1st subsequent to the Participant's
          applicable Distribution Event and continuing on each April 1st until
          all annual installments have been distributed. Lump sum distributions
          shall be paid by the Sponsor no later than thirty (30) days following
          the applicable Distribution Event.

     C.   A Participant may elect on the Deferral Election Form to receive an
          immediate distribution of his or her Account balances upon a Change of
          Control, as defined in SECTION III. The Participant may modify these
          elections by submitting revised election forms at any time prior to
          the Change of Control. If the Participant does not elect to receive an
          immediate distribution of his or her Stock Option Gain Account and/or
          Restricted Stock Deferral Account, the shares of Stock held in his or
          her Stock Option Gain Account and/or Restricted Stock Deferral Account
          will be replaced with shares of stock in the new or acquiring entity,
          which have an equivalent market value.

IX.  CHANGE IN DISTRIBUTION SCHEDULE

A.   DEATH OF PARTICIPANT - In the event of the death of a Participant before
     distribution of the Participant's Account balance has commenced or been
     completed, the Trustee shall pay the remaining balance of any deferred
     amount in one lump sum, to the individual designated as primary beneficiary
     on the latest executed Notice of Change of Beneficiary form on file, within
     a reasonable time period but not later than one hundred (100) days after
     the date of the Participant' s death. If the primary beneficiary designated
     on the latest executed Notice of Change of Beneficiary form is no longer
     living at the time of the Participant's death, the Trustee shall pay the
     remaining balance of any deferred amount in one lump sum to the individual
     designated as secondary beneficiary on the latest executed Notice of Change
     of Beneficiary form on file. If the Secondary Beneficiary designated on the
     latest executed Notice of Change of Beneficiary form is no longer living at
     the time of the Participant's death, the Trustee shall pay the remaining
     balance of any deferred amount in one lump sum to the Participant's estate.

     If the Participant wishes to change the beneficiary, the Participant may do
     so at any time by submitting a new Notice of Change of Beneficiary form to
     the Committee, which form shall become effective upon receipt by the
     Committee.

                                 Page 12 of 17
<PAGE>
     B.   PERMANENT DISABILITY OF THE PARTICIPANT - In the event of permanent
          disability (as defined below) before distribution of a Participant's
          Account balance has commenced or been completed, the Trustee upon
          direction from and approval by the Committee (in its sole discretion)
          shall be permitted to pay the balance of the Participant's Account in
          one lump sum. Such payouts shall be made to the Participant or the
          legal representative of such Participant subject to SECTION XVI C.

          The Participant will be considered permanently disabled for purposes
          of this Plan if, based on medical evidence, the Committee determines
          that the Participant (i) is totally disabled, mentally or physically,
          (ii) will remain so for the rest of his or her life; and (iii) is
          therefore unable to continue to provide his or her services to the
          Company.

     C.   UNFORSEEABLE EMERGENCY - In the event of a Participant's
          "unforeseeable emergency," the Participant may submit a written
          petition to the Committee for an early withdrawal from his or her
          Account balance. The Committee shall have sole discretion in the
          determination of the merits of petitioner's "Unforeseeble Emergency"
          petition. Any early withdrawal approved by the Committee shall be
          limited to the amount necessary to meet the emergency.

          An unforeseeable emergency is severe financial hardship to the
          Participant resulting from (i) a sudden and unexpected illness or
          accident of the Participant or of a dependent (as defined in the Code)
          of the Participant, (ii) loss of the Participant's property due to
          casualty; or (iii) other similar extraordinary and unforeseeable
          circumstances arising as a result of events beyond the control of the
          Participant.

          The need to send a Participant's child to college or the desire to
          purchase a home are not considered to be unforeseeable emergencies.

     D.   CHANGE IN DISTRIBUTION DATE - If a Participant wishes to modify the
          payment schedule noted in SECTION VIII, he or she must submit a
          written petition to the Committee for such change. The Committee has
          sole discretion in whether to permit the requested change. The written
          petition must be submitted to the Committee at least one (1) year
          prior to the date the Participant would otherwise be receiving a
          distribution in accordance with the most recently executed Deferral
          Election.

     E.   EARLY LUMP SUM DISTRIBUTION - Notwithstanding any other provision of
          this Plan, a Participant may elect to receive a lump sum distribution
          of all or a portion of the funds accumulated in his Plan Account upon
          submission of a written request and its approval by the Committee;
          however, the distribution will be subject to a ten (10) percent early
          withdrawal penalty. The withdrawal penalty is ten (10) percent of the
          amount of the lump sum distribution and will reduce such distribution.

                                 Page 13 of 17
<PAGE>

X.   OFFSET FOR OBLIGATIONS TO COMPANY

     If the Participant has any debt, obligation or other liability representing
     an amount owing to the Company or any affiliate of the Company, and if such
     debt, obligation, or other liability is due and owing at the time benefit
     payments are payable hereunder, the Company may offset the amount owing it
     or any affiliate against the amount of benefits otherwise distributable
     hereunder.

XI.  LIABILITY OF COMPANY

     Except as provided below, all contributions and distributions to be made as
     required by this Plan shall be obligations of the Sponsor. On the basis of
     the information furnished by the Committee, the Trustee shall keep separate
     books and records concerning the affairs of each Participating Employer
     hereunder and as to the accounts and credits of the Participants of each
     Participating Employer.

XII. RIGHTS OF A PARTICIPANT

     Establishment of the Plan shall not be construed as giving any Participant
     the right to be retained in the Company's service or employ or the right to
     receive any benefits not specifically provided by the Plan.

     Compensation, Qualifying Gain, and Restricted Stock deferred under this
     Plan will not be segregated from the general funds of the Company, and no
     Participant will have any claim on any specific assets of the Company. To
     the extent that any Participant acquires a right to receive benefits under
     this Plan, his or her right will be no greater than the right of any
     unsecured general creditor of the Company and is not assignable or
     transferable except to the Participant's estate as defined in SECTION IX.

XIII. AMENDMENT AND TERMINATION

     The Board may amend, modify, or terminate the Plan at any time. No
     amendment, modification, or termination shall reduce any benefits accrued
     or rights entitled to by any Participant prior to such amendment,
     modification, or termination.

XIV. DETERMINATION OF BENEFITS

     See Appendix A.

XV.  NOTICES

     Notices and elections under this Plan must be in writing. A notice or
     election is deemed delivered if it is delivered personally or mailed by
     registered or certified mail to the person at his or her last known
     business address.

                                Page of 14 of 17
<PAGE>

XVI. GENERAL PROVISIONS

     A.  CONTROLLING LAW - Except to the extent superseded by federal law, the
     laws of the State of Texas shall be controlling in all matters relating to
     the Plan, including construction and performance thereof.

     B.  CAPTIONS - The captions of sections and paragraphs of this Plan are for
     the convenience of reference only and shall not control or affect the
     meaning or construction of any of its provisions.

     C.  FACILITY OF PAYMENT - Any amounts payable hereunder to any Participant
     who is under legal disability or who, in the judgment of the Committee, is
     unable to properly manage his or her financial affairs may be paid to the
     legal representative of such Participant or may be applied for the benefit
     of such Participant in any manner which the Committee may select, and any
     such payment shall be deemed to be payment for such Participant's Account
     and shall be a complete discharge of all liability of the Company with
     respect to the amount so paid.

     D.  WITHHOLDING OF PAYROLL TAXES - The Company shall withhold from a
     Participant's Compensation, all federal, state and local income, employment
     and other taxes required to be withheld by the Company with respect to any
     deferrals under the Plan, in amounts and in a manner to be determined in
     the sole discretion of the Company.

     The Company, or the Trustee of the Trust, shall withhold from any
     distributions made to a Participant under this Plan, all federal, state and
     local income, employment, and other taxes required to be withheld by the
     Company or the Trustee of the Trust, in connection with such distributions,
     in amounts and in a manner to be determined in the sole discretion of the
     Company and/or the Trustee of the Trust.

     E.  ADMINISTRATIVE EXPENSES - All expenses of administering the Plan shall
     be borne by the Company. No part thereof shall be charged against any
     Participant's Account or any amounts distributable hereunder.

     F.  SEVERABILITY - Any provision of this Plan prohibited by the law of any
     jurisdiction shall, as to such jurisdiction, be ineffective to the extent
     of such prohibition without invalidating the remaining provisions hereof.

     G.  NO LIABILITIES - Except as otherwise expressly provided herein, no
     member of the Board of Directors of the Company and no officer, employee,
     or agent of the Company shall have any liability to any person, firm, or
     corporation based on or arising out of the Plan, except in the case of
     gross negligence or fraud.

     H.  BINDING ON ALL SUCCESSORS - In the event of a Change of Control, any
     surviving or acquiring corporation shall (i) assume the Plan and all
     obligations hereunder, and (ii) agree to substitute shares of common stock
     of such surviving or acquiring corporation for shares of Stock in this
     Plan. In the event any surviving or acquiring corporation refuses

                                 Page 15 of 17
<PAGE>

     to assume the terms set out in this section, then each Participant will
     receive the balance in his or her Compensation Deferral Account in a single
     lump sum of cash, the balance of his or her Restricted Stock Deferral
     Account in a single lump sum of Stock or cash, as applicable, and the
     balance in his or her Stock Option Gain Account in a single lump sum of
     Stock.

     I.  SECTION 16(B) - Notwithstanding any provision to the contrary,
     Participants who are actually or potentially subject to section 16(b) of
     the Securities Exchange Act of 1934, as amended, shall be subject to any
     procedures adopted by the Committee, including without limitation the delay
     of any payment from a Participant's Restricted Stock Deferral Account
     and/or Stock Option Gain Account.

     J.  SECTION 162(M) DEDUCTION LIMITATION - In the event the Company would be
     denied a deduction for amounts otherwise payable in any Plan Year to a
     Participant under SECTION VIII by reason of the application of section
     162(m) of the Code, the Committee, in its sole discretion, may reduce any
     payment otherwise due to such Participant (but not below zero) to the
     extent necessary to avoid such application of section 162(m) and such
     amount not paid and the net earnings or dividend equivalents thereon shall
     be paid to the Participant in the earliest Plan Year(s) in which payment
     may be made without application of section 162(m).

XVII. UNFUNDED STATUS OF PLAN

     It is the intention of the parties that the arrangements herein described
     be unfunded for tax purposes and for purposes of Title I of ERISA. Plan
     Participants have the status of general unsecured creditors of the Company
     or any Participating Company. The Plan constitutes a mere promise by the
     Company to make payments in the future.

     The Company may establish the Trust(s) with the Trustee, pursuant to such
     terms and conditions as are set forth in the Trust agreement(s) to be
     entered into between the Company and the Trustee. The Trust is intended to
     be treated as a "grantor" trust under the Code and the establishment of the
     Trust is not intended to cause Participants to realize current income on
     amounts contributed thereto, and the Trust shall be so interpreted.

XVIII. RIGHTS TO BENEFITS

     A Participant's rights' to benefit payments under the plan are not subject
     in any manner to anticipation, alienation, sale, transfer, assignment,
     pledge, encumbrance, attachment, or garnishment by creditors of the
     Participant or the Participant's beneficiaries.

                                 Page 16 of 17
<PAGE>

IN WITNESS WHEREOF, by resolution dated October 10, 2002, the Sponsor has
authorized the undersigned officers of Alcon Laboratories, Inc. to execute and
implement this Plan.

ALCON LABORATORIES, INC.

By:

/s/ T.R.G Sear
------------------------------
T.R.G. Sear

Date:

October 25, 2002

By:

/s/ Jacqualyn A. Fouse
------------------------------
Jacqualyn A. Fouse

Date:

October 25, 2002

                                 Page 17 of 17
<PAGE>

                                   APPENDIX A

I.   DETERMINATION OF BENEFITS

     A.  CLAIM - A person who believes that he is being denied a benefit to
     which he is entitled under the Plan (hereinafter referred to as a
     "Claimant") may file a written request for such benefit with the Company,
     setting forth his claim. The request must be addressed to the Board of
     the Company related to the Participant at its then principal place of
     business.

     B.  CLAIM DECISION - Upon receipt of a claim, the Company shall advise the
     Claimant that a reply will be forthcoming within ninety (90) days and
     shall, in fact, deliver such reply within such period. The Company may,
     however, extend the reply period for an additional ninety (90) days for
     reasonable cause. If the claim is denied in whole or in part, the Company
     shall adopt a written report, using language calculated to be understood by
     the Claimant, setting forth:

          (1)  The specific reason or reasons for such denial;

          (2)  The specific reference to pertinent provisions of this Plan upon
          which such denial is based;

          (3)  A description of any additional material or information necessary
          for the Claimant to clarify his claim and an explanation why such
          material or such information is necessary;

          (4)  Appropriate information as to the steps to be taken if the
          Claimant wishes to submit the claim for review; and

          (5)  The time limits for requesting a review.

     C.  REQUEST FOR A REVIEW - Within sixty (60) days after the receipt by the
     Claimant of the written report described above, the Claimant may request in
     writing that the Board review the determination of the Company. Such
     request must be addressed to the Board's principal place of business. The
     Claimant or his duly authorized representative may, but need not, review
     the pertinent documents and submit issues and comments in writing for
     consideration by the Company. If the Claimant does not request a review of
     the Company's determination by the Board within such sixty (60) day period,
     he shall be barred and stopped from challenging the Company's
     determination.

     D.  REVIEW OF DECISION - Within sixty (60) days after the Board's receipt
     of a request for review, they will review the Company's determinations.
     After considering all materials presented by the Claimant, the Board will
     render a written report, written in a manner calculated to be understood
     by the Claimant, setting forth the specific reasons for the decision and
     containing specific references to the pertinent provisions of this Plan on

                                  Page 1 of 2
<PAGE>

     which the decision is based. If special circumstances require that the
     sixty (60) day time period be extended, the Board will so notify the
     Claimant and will render the decision as soon as possible, but no later
     than one hundred twenty (120) days after receipt of the request for review.

                                  Page 2 of 2

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