Document:

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                                                                   Exhibit 10(v)

August 19, 2002

David Barber
28 Quail Ridge
Avon, CT. 06001

Dear David,

This letter will confirm our discussion regarding your termination from the
position of Senior Vice President, Marketing, effective August 19, 2002.
Moreover, this letter will further serve as our Agreement on the terms and
conditions of your separation from ADVO, Inc. (herein referred to as "Company")
and the benefits that will be provided to you. Your last day worked is August
19, 2002.

I.    Separation Benefits

      If you sign and return this Agreement as provided herein, you will receive
      the benefits described below. If you do not sign and return this Agreement
      by October 15, 2002, you will receive the benefits described in Attachment
      A, which is made part of this Agreement.

      1.    Effective immediately, you will be placed on inactive wage
            continuation pay status for a period of up to 65 weeks. While on
            inactive pay status, you will be paid on each regular pay date
            throughout this period at your current rate of pay. If you were
            participating in the Company's medical, dental, group universal
            life, dependent life, or Employee Stock Purchase plans on your last
            day worked, you may continue such participation up to the date your
            wage continuation ends (provided you make any required associate
            contributions). In addition, your company paid supplemental
            executive benefits including long-term disability, long-term care
            and the medical supplement, will continue for the duration of the
            wage continuation period described herein. You will continue to be
            covered by the Company's basic group life insurance plan. Matching
            employer Social Security contributions will be made on your behalf
            throughout this period as well. During this wage continuation, you
            will not be eligible for the Company's short-term and long-term
            disability benefits plans, workers' compensation, vacation accrual,
            auto allowance or making further savings plan contributions beyond
            your termination date of August 19, 2002. Any earned vacation pay
            you have not taken will be paid in a lump sum and added to your last
            wage continuation payment.

      2.    The Company will provide outplacement for you with a counselor from
            Drake, Beam, Morin. Human Resources will personally coordinate your
            outplacement activities including the monitoring of reference
            inquiries from prospective employers.

            All reference inquires will be directed to Scott Esposito, Vice
            President, Human Resources or his successor. He will limit the
            disclosure of information to David Barber's position held and dates
            of employment.

            Employee and employer will not knowingly take any action or make any
            statements, written or oral, which would disparage or defame the
            goodwill, reputation, image or commercial interest of the other.
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Page Two
David Barber
August 19, 2002

      3.    If you obtain other employment during your period of inactive wage
            continuation you must notify the Company of such employment. In this
            case, any remaining wage continuation, which would otherwise have
            been made, (from the date of new employment through the end of the
            wage continuation period described in paragraph 1) will be paid out
            in a lump sum. At that time, continuation of benefits, including the
            supplemental executive benefits, will cease.

      4.    You will not be eligible to receive bonus payments under the
            incentive compensation plan for 2002 or beyond. In addition, you
            will not receive any further stock option grants. As long as you are
            on the wage continuation status described above, all stock options
            shall continue to vest on their normal schedule. When you leave
            inactive wage continuation status, all vesting shall cease. You will
            have three months after that date in which to exercise any
            outstanding, vested options. You can contact the Legal Department at
            860-285-6120 directly for more information about stock-related
            matters.

      5.    Within 14 days of the end of your wage continuation period, you will
            receive notification of your rights under COBRA legislation to elect
            continuation of group coverage under the Company's medical and/or
            dental plans. Additionally, you may have the option to convert your
            group medical coverage to an individual policy basis at the
            expiration of the COBRA continuation period. You will have up to 31
            days to convert your group basic and universal life insurance to an
            individual policy basis. You will receive the written COBRA notice
            from the ADP COBRA Department and may inquire to them about details
            regarding these privileges at 800-526-2721.

II.   Nonadmission By Company

      This Agreement shall not constitute, operate or be construed as an
      admission that the Company violated any federal, state or local statute,
      law, order, ordinance or regulation or any right founded or defined in any
      applicable constitutional or statutory provision, common law, contract or
      public policy. The Company expressly denies any and all allegations of
      unlawful and/or wrongful conduct arising out of or in connection with the
      Company's employment of you and/or the termination of your employment.

III.  Release & Waiver

      In exchange for the consideration provided in Section I, to which you are
      otherwise not entitled, you agree to all of the terms and conditions as
      defined in this Section.

      1.    You affirm that your leaving ADVO is not caused by any act of
            discrimination by ADVO, its employees, officers or directors, past
            or present. You agree not to make or file any claims or charges of
            any kind against ADVO before any agency, court or other forum. You
            agree to release ADVO from any claim, known or unknown, arising in
            any way from any actions taken by ADVO, up to the date of the
            signing of this Agreement. This includes, but not limited to, any
            claim for wrongful discharge, breach of contract or other common law
            claims, or under any Federal, State or local statute or regulation
            including, but not limited to, Title VII of the Civil Rights Act of
            1964 as Amended, 42 U.S.C. 2000E et. seq.; the Employee Retirement
            Income Security Act of 1974 ("ERISA"), 29 U.S.C. 1001 et. seq.; the
            Age Discrimination in Employment Act, as amended, the Civil Rights
            Act of 1991, or any claims for attorney's fees, expenses, or costs
            of litigation. This release and waiver also includes claims that you
            suffered any other harm by or through the actions of the Company,
            including, but not limited to, claims for defamation or emotional
            distress.
<PAGE>
Page Three
David Barber
August 19, 2002

      2.    This Release covers all claims based on any facts or events, whether
            known or unknown by you, which occurred on or before the effective
            date of this Agreement.

      3.    This Release does not include, however, a release of your rights to
            any standard benefits to which you may be entitled in accordance
            with the terms of the Company employee benefit plans in which you
            participated, and does not include release of your right to enforce
            this agreement and the obligations thereunder.

      4.    The "Release" set out in this section of the Agreement is an
            essential and material part of this Agreement. If any portion of the
            Release is determined to be illegal or unenforceable, the remaining
            portions of such Release shall remain in full force and effect. If
            you file a lawsuit, charge, complaint, or other claim asserting any
            claim or demand which is within the scope of such Release, the
            Company (whether or not such claim is valid) shall be entitled to
            cancel any and all future obligations under this Agreement and
            recoup the value of all payments and benefits paid hereunder,
            together with the Company's costs and attorneys' fees.

IV.   Agreements Made By You

      1.    You will return to the Company all Company Information, reports,
            files, memoranda, records, credit cards, cardkey passes, door and
            file keys, software and other property which you received or
            prepared or helped to prepare in connection with your employment.
            You have not and will not retain any copies or excerpts thereof. The
            term "Company Information" as used in this Agreement means: (a)
            confidential information including, without limitation, information
            received from third parties under confidential conditions; (b)
            information subject to the Company's attorney-client or work-product
            privilege; and (c) other technical, scientific, business or
            financial information, the use or disclosure of which might
            reasonably be construed to be contrary to the Company's interest or
            competitive posture.

      2.    You acknowledge that you have acquired valuable and sensitive
            Company Information and that such Company Information has been
            disclosed to you in confidence and for the Company's use only. Your
            former responsibilities frequently involved highly sensitive Company
            information entrusted to you. You agree that you: (1) will continue
            to keep such Company Information confidential at all times; (2) will
            not disclose or communicate Company Information to any third party;
            and (3) will not make use of Company Information on your own behalf,
            or on behalf of any third party. When Company Information becomes
            generally available to the public other than by your acts or
            omissions, it is no longer subject to the restrictions in this
            paragraph.
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Page Four
David Barber
August 19, 2002

      3.    This Agreement supersedes all other Agreements or understandings,
            written or oral, that you may have with ADVO, Inc. on the subject
            matter discussed above, except that the Non-Compete Agreement
            between you and ADVO shall remain in full force and effect pursuant
            to its terms.

      4.    You agree that the provisions of this Agreement are severable and
            divisible. In the event any portion of this Agreement is determined
            to be illegal or unenforceable, the remaining provisions of this
            Agreement shall remain in full force and effect. This is the entire
            Agreement between you and the Company. The Company has made no
            promises to you other than those in this Agreement.

V.    Arbitration/Dispute Resolution

      Any dispute arising between the Company and you with respect to the
      performance or interpretation of this Agreement shall be submitted to
      arbitration in Hartford, Connecticut, for resolution. It shall be done in
      accordance with the rules of the American Arbitration Association. It will
      be modified to provide that the decision by the arbitrator shall be
      binding on the parties, shall be furnished in writing, separately and
      specifically stating the findings of fact and conclusions of law on which
      the decision is based and shall be rendered within ninety (90) days
      following impanelment of the arbitrator. The losing party shall bear all
      costs of arbitration. The arbitrator shall be selected in accordance with
      the rules of the American Arbitration Association. Following a decision by
      the arbitrator, the successful party will be reimbursed by the other party
      for all costs or fees paid by the successful party to the American
      Arbitration Association in relation to the dispute under this Agreement.
      This Agreement shall be subject to and governed by the laws of the state
      of Connecticut.

VI.   Execution & Right To Revoke

      1.    You acknowledge that you have read this Agreement carefully and
            fully understand its terms. You have been advised to seek legal
            counsel and have had an opportunity to do so, and you are executing
            this Agreement voluntarily and knowingly. You fully understand that
            signing this Agreement waives all legal claims against ADVO based on
            any actions taken by ADVO up to the date of the signing of this
            Agreement.

      2.    You have been given twenty-two (22) days to review and consider this
            Agreement before signing it. You understand and acknowledge that you
            may use as much of this period as you wish prior to signing.
<PAGE>
Page Five
David Barber
August 19, 2002

      3.    If this Agreement is signed by you and returned to the Company
            within the time specified in Paragraph 2 above, you may revoke this
            Agreement within seven (7) business days of the date of your
            signature. Revocation can be made by delivering a written notice of
            revocation to, Scott Esposito, Vice President, Human Resources at
            ADVO, Inc., Human Resources, One Univac Lane, Windsor, CT 06095. For
            this revocation to be effective, written notice must be received by
            him no later than close of business on the seventh (7th) business
            day after you sign this Agreement. If you revoke this Agreement, it
            shall not be effective or enforceable and you will not receive the
            benefits described in Paragraph I. If you have received any
            benefits, the cash equivalent value of such benefits must be return
            to the Company. Revoking this Agreement will not alter the fact that
            your employment has been terminated.

      4.    The effective date of this Agreement shall be seven (7) business
            days from the date in which this Agreement is signed and dated by
            you. If the Agreement is not dated then, in that event, the
            effective date of this Agreement shall be seven (7) calendar days
            after receipt of the Agreement by the Company.

      YOU ACKNOWLEDGE THAT YOU HAVE READ THIS AGREEMENT, UNDERSTAND IT, AND ARE
      VOLUNTARILY ENTERING INTO IT WITHOUT DURESS OR COERCION.

                  Accepted and agreed to this 3rd day of October, 2002.

      /s/ DAVID BARBER                  /s/ SCOTT ESPOSITO
      -----------------                 ------------------
      DAVID BARBER                      SCOTT ESPOSITO
      (Associate)                       Vice President, Human Resources
                                        (Company)
<PAGE>
                                  Attachment A

Benefits provided to you in the event you do not sign and return this Agreement:

      1.    Effective immediately, you will be placed on inactive wage
            continuation pay status for a period of up to 4 weeks. While on
            inactive pay status, you will be paid on each regular pay date
            throughout this period at your current rate of pay. If you were
            participating in the Company's medical, dental, group universal
            life, dependent life, or Employee Stock Purchase plans on your last
            day worked, you may continue such participation up to the date your
            wage continuation ends (provided you make any required associate
            contributions). In addition, your company paid supplemental
            executive benefits including long-term disability, long-term care
            and the medical supplement will continue for the duration of the
            wage continuation period described herein. You will continue to be
            covered by the Company's basic group life insurance plan. Matching
            employer Social Security contributions will be made on your behalf
            throughout this period as well. During this wage continuation, you
            will not be eligible for the Company's short-term and long-term
            disability benefits plans, workers' compensation, vacation accrual,
            auto allowance or making further savings plan contributions beyond
            your termination date of August 19, 2002. Any earned vacation pay
            you have not taken will be paid in a lump sum and added to your last
            wage continuation payment.

      2.    If you obtain other employment during your period of inactive wage
            continuation you must notify the Company of such employment. In this
            case, any remaining wage continuation, which would otherwise have
            been made, (from the date of new employment through the end of the
            wage continuation period described in paragraph 1) will be paid out
            in a lump sum. At that time, continuation of benefits, including the
            supplemental executive benefits, will cease.

      3.    You will not be eligible to receive bonus payments under the
            incentive compensation plan for 2002 or beyond. In addition, you
            will not receive any further stock option grants. As long as you are
            on the wage continuation status described above, all stock options
            shall continue to vest on their normal schedule. When you leave
            inactive wage continuation status, all vesting shall cease. You will
            have three months after that date in which to exercise any
            outstanding, vested options. You can contact the Legal Department at
            860-285-6120 directly for more information about stock-related
            matters.

      4.    Within 14 days of the end of your wage continuation period, you will
            receive notification of your rights under COBRA legislation to elect
            continuation of group coverage under the Company's medical and/or
            dental plans. Additionally, you may have the option to convert your
            group medical coverage to an individual policy basis at the
            expiration of the COBRA continuation period. You will have up to 31
            days to convert your group basic and universal life insurance to an
            individual policy basis. You will receive the written COBRA notice
            from the ADP COBRA Benefits and may inquire to them about details
            regarding these privileges, 800-526-2720.<PAGE>
                                                                     EXHIBIT 4.3

                              BOOK - ENTRY SECURITY

THIS SECURITY IS A BOOK-ENTRY SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A
NOMINEE OF A DEPOSITORY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED
IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE ONLY IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN OR PURSUANT TO THE INDENTURE, AND NO TRANSFER
OF THIS SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE
DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO
THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY) MAY BE REGISTERED EXCEPT IN
SUCH LIMITED CIRCUMSTANCES. THE DEPOSITORY TRUST COMPANY ("DTC") SHALL ACT AS
THE DEPOSITORY UNTIL A SUCCESSOR SHALL BE APPOINTED BY THE COMPANY AND THE
SECURITY REGISTRAR.

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (55
WATER STREET, ROOM 234, NEW YORK, NEW YORK 10041) TO THE ISSUER OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),
ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.

RGN-1                                                           Principal Amount

                                               $400,000,000, which amount may be
                                          increased or decreased by the Schedule
                  of Increases and Decreases in Global Security attached hereto.

                             WASTE MANAGEMENT, INC.

                          6 3/8% SENIOR NOTES DUE 2012

                                                               CUSIP 94106L AP 4

         WASTE MANAGEMENT, INC., a Delaware corporation (the "Company," which
term includes any successor under the Indenture hereinafter referred to), for
value received, hereby promises to pay to CEDE & CO. or its registered assigns,
at the office or agency of the Company, the principal sum of [Four Hundred
Million ($400,000,000)] U.S. dollars, or such lesser principal sum as is shown
on the attached Schedule of Increases and Decreases in Global Security, on
November 15, 2012 in such coin and currency of the United States of America as
at the time of payment shall be legal tender for the payment of public and
private debts, and to pay

<PAGE>
interest at an annual rate of 6 3/8 % payable on May 15 and November 15 of each
year, to the person in whose name the Note is registered at the close of
business on the record date for such interest, which shall be the preceding May
1 and November 1, respectively, payable commencing on May 15, 2003, with
interest consisting of interest accruing from November 26, 2002, or the most
recent interest payment date.

         Reference is made to the further provisions of this Security set forth
on the reverse hereof. Such further provisions shall for all purposes have the
same effect as though fully set forth at this place.

         The statements in the legends set forth above are an integral part of
the terms of this Security and by acceptance hereof the Holder of this Security
agrees to be subject to, and bound by, the terms and provisions set forth in
each such legend.

         This Security is issued in respect of a series of Securities of an
initial aggregate of U.S. $400,000,000 in principal amount designated as the
6 3/8% Senior Notes due 2012 of the Company and is governed by the Indenture
dated as of September 10, 1997, duly executed and delivered by the Company,
formerly known as USA Waste Services, Inc., to JPMorgan Chase Bank, as successor
to The Chase Manhattan Bank, as trustee (the "Trustee"), as supplemented by
Board Resolutions (as defined in the Indenture) (such Indenture and Board
Resolutions, collectively, the "Indenture"). The terms of the Indenture are
incorporated herein by reference. This Security shall in all respects be
entitled to the same benefits as definitive Securities under the Indenture.

         If and to the extent any provision of the Indenture limits, qualifies
or conflicts with any other provision of the Indenture that is required to be
included in the Indenture or is deemed applicable to the Indenture by virtue of
the provisions of the Trust Indenture Act of 1938, as amended, such required
provision shall control.

         The Company hereby irrevocably undertakes to the Holder hereof to
exchange this Security in accordance with the terms of the Indenture without
charge.

         This Security shall not be valid or become obligatory for any purpose
until the Certificate of Authentication hereon shall have been manually signed
by the Trustee under the Indenture.

<PAGE>
IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed
under its corporate seal.

Dated:                      , 2003            WASTE MANAGEMENT, INC.,
      ----------------------                  a Delaware corporation

                                              By:
                                                 -------------------------------
                                                 Ronald H. Jones
                                                 Vice President and Treasurer

                                              Attest:

                                              By
                                                 -------------------------------
                                                 David P. Steiner
                                                 Secretary

CERTIFICATE OF AUTHENTICATION:

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

                                              JPMORGAN CHASE BANK,
                                              as Trustee

                                                By
                                                   -----------------------------
                                                   Cary Gilliam
                                                   Vice President
                                                   and Trust Officer
Date of Authentication:

                           , 2003
---------------------------

<PAGE>
                    REVERSE OF RULE 144A BOOK-ENTRY SECURITY

                             WASTE MANAGEMENT, INC.

                          6 3/8% SENIOR NOTES DUE 2012

         This Security is one of a duly authorized issue of unsecured
debentures, notes or other evidences of indebtedness of the Company (the "Debt
Securities") of the series hereinafter specified, all issued or to be issued
under and pursuant to the Indenture, to which Indenture reference is hereby made
for a description of the rights, limitations of rights, obligations, duties and
immunities thereunder of the Trustee, the Company and the Holders of the Debt
Securities. The Debt Securities may be issued in one or more series, which
different series may be issued in various aggregate principal amounts, may
mature at different times, may bear interest (if any) at different rates, may be
subject to different sinking, purchase or analogous funds (if any) and may
otherwise vary as provided in the Indenture. This Security is one of a series
designated as the 6 3/8% Senior Notes due 2012 of the Company, in initial
aggregate principal amount of $400,000,000 (the "Securities").

1.       Interest.

         The Company promises to pay interest on the principal amount of this
Security at the rate of 6 3/8% per annum.

         The Company will pay interest semi-annually on May 15 and November 15
of each year (each an "Interest Payment Date"), commencing May 15, 2003.
Interest on the Securities will accrue from the most recent date to which
interest has been paid or, if no interest has been paid on the Securities, from
November 26, 2002. Interest will be computed on the basis of a 360-day year
consisting of twelve 30-day months. The Company shall pay interest (including
post-petition interest in any proceeding under any applicable bankruptcy laws)
on overdue installments of interest (without regard to any applicable grace
period) and on overdue principal and premium, if any, from time to time on
demand at the rate of 6 3/8% per annum, in each case to the extent lawful.

2.       Method of Payment.

         The Company shall pay interest on the Securities (except Defaulted
Interest) to the persons who are the registered Holders at the close of business
on the Regular Record Date immediately preceding the Interest Payment Date. Any
such interest not so punctually paid or duly provided for ("Defaulted Interest")
may be paid to the persons who are registered Holders at the close of business
on a Special Record Date for the payment of such Defaulted Interest, or in any
other lawful manner not inconsistent with the requirements of any securities
exchange on which such Securities may then be listed if such manner of payment
shall be deemed practicable by the Trustee, as more fully provided in the
Indenture. Except as provided below, the Company shall pay principal and
interest in such coin or currency of the United States of America as at the time
of payment shall be legal tender for payment of public and private debts ("U.S.
Legal Tender"). Payments in respect of a Book-Entry Security (including
principal, premium, if any, and interest) will be made by wire transfer of
immediately available funds to the accounts specified by the Depository.
Payments in respect of Securities in definitive form (including

<PAGE>
principal, premium, if any, and interest) will be made at the office or agency
of the Company maintained for such purpose within the Borough of Manhattan, The
City of New York, which initially will be at the corporate trust office of the
Trustee located at 55 Water Street, Room 234, New York, New York, or at the
option of the Company, payment of interest may be made by check mailed to the
Holders on the Regular Record Date or on the Special Record Date at their
addresses set forth in the Security Register of Holders.

3.       Paying Agent and Registrar.

         Initially, JPMorgan Chase Bank (the "Trustee") will act as Paying Agent
and Registrar. The Company may change any Paying Agent, Registrar or
co-Registrar at any time upon notice to the Trustee and the Holders. The Company
or any of its Subsidiaries may, subject to certain exceptions, act as Paying
Agent, Registrar or co-Registrar.

4.       Indenture.

         This Security is one of a duly authorized issue of Debt Securities of
the Company issued and to be issued in one or more series under the Indenture.

         Capitalized terms herein are used as defined in the Indenture unless
otherwise defined herein. The terms of the Securities include those stated in
the Indenture, all indentures supplemental thereto, those made part of the
Indenture by reference to the Trust Indenture Act of 1939, as amended, as in
effect on the date of the Indenture, and those terms stated in the Officers'
Certificate to the Trustee (the "Officers' Certificate"), duly authorized by
resolutions of the Board of Directors of the Company adopted on August 20, 2002
(the "Resolutions"). The Securities are subject to all such terms, and Holders
of Securities are referred to the Indenture, all indentures supplemental
thereto, said Act and said Resolutions and Officers' Certificate for a statement
of them. The Securities of this series are general unsecured obligations of the
Company limited to an initial aggregate principal amount of $400,000,000;
provided, however, that the authorized aggregate principal amount of such series
may be increased before or after the issuance of any Securities of such series
by a Board Resolution (or action pursuant to a Board Resolution) to such effect.

5.       Redemption.

         The Securities will be redeemable, at the option of the Company, at any
time in whole, or from time to time in part, at a Redemption Price (the
"Make-Whole Price") equal to the greater of: (i) 100% of the principal amount of
the Securities to be redeemed; or (ii) the sum of the present values of the
remaining scheduled payments of principal and interest (at the rate in effect on
the date of calculation of the Redemption Price) on the Securities (exclusive of
interest accrued to the Redemption Date) discounted to the Redemption Date on a
semi-annual basis (assuming a 360-day year consisting of twelve 30-day months)
at the applicable Treasury Yield plus 35 basis points; plus, in either case,
accrued interest to the Redemption Date.

         Securities called for redemption become due on the Redemption Date.
Notices of redemption will be mailed at least 30 but not more than 60 days
before the Redemption Date to each holder of record of the Securities to be
redeemed at its registered address. The notice of redemption for the Securities
will state, among other things, the amount of Securities to be

<PAGE>
redeemed, the Redemption Date, the manner of calculating the Make-Whole Price
and the place(s) that payment will be made upon presentation and surrender of
Securities to be redeemed. Unless the Company defaults in payment of the
Make-Whole Price, interest will cease to accrue on any Securities that have been
called for redemption at the Redemption Date. If less than all the Securities
are redeemed at any time, the Trustee will select the Securities to be redeemed
on a pro rata basis or by any other method the Trustee deems fair and
appropriate.

         For purposes of determining the Make-Whole Price, the following
definitions are applicable:

         "Treasury Yield" means, with respect to any redemption date applicable
to the notes, the rate per annum equal to the semi-annual equivalent yield to
maturity (computed as of the third business day immediately preceding the
redemption date) of the Comparable Treasury Issue, assuming a price for the
Comparable Treasury Issue (expressed as a percentage of its principal amount)
equal to the applicable Comparable Treasury Price for the redemption date.

         "Comparable Treasury Issue" means the United States Treasury security
selected by an Independent Investment Banker as having a maturity comparable to
the remaining term of the notes that would be utilized, at the time of selection
and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining terms of the
notes.

         "Independent Investment Banker" means any of Credit Suisse First Boston
Corporation, J.P. Morgan Securities Inc. and Salomon Smith Barney Inc. (and
their respective successors), or, if all of such firms are unwilling or unable
to select the applicable Comparable Treasury Issue, an independent investment
banking institution of national standing appointed by the trustee and reasonably
acceptable to the Company.

         "Comparable Treasury Price" means, with respect to any redemption date,
(1) the bid price for the Comparable Treasury Issue (expressed as a percentage
of its principal amount) at 4:00 p.m. on the third business day preceding the
redemption date, as set forth on "Telerate Page 500" (or such other page as may
replace Telerate Page 500), or (2) if such page (or any successor page) is not
displayed or does not contain such bid prices at such time (a) the average of
the Reference Treasury Dealer Quotations obtained by the Trustee for the
redemption date, after excluding the highest and lowest of all Reference
Treasury Dealer Quotations obtained, or (b) if the trustee obtains fewer than
four such Reference Treasury Dealer Quotations, the average of all Reference
Treasury Dealer Quotations obtained by the trustee.

         "Reference Treasury Dealer" means (1) each of Credit Suisse First
Boston Corporation, J.P. Morgan Securities Inc. and Salomon Smith Barney Inc.
(and their respective successors) unless any of them ceases to be a primary U.S.
government securities dealer in New York City (a "Primary Treasury Dealer"), in
which case the Company will substitute therefor another Primary Treasury Dealer,
and (2) any other Primary Treasury Dealer selected by the Company.

         "Reference Treasury Dealer Quotations" means, with respect to each
Reference Treasury Dealer and any redemption date for the notes, an average, as
determined by the Trustee, of the bid and asked prices for the Comparable
Treasury Issue for the notes (expressed in each case as a

<PAGE>
percentage of its principal amount) quoted in writing to the Trustee by the
Reference Treasury Dealer at 5:00 p.m., New York City time, on the third
business day preceding such redemption date.

         Except as set forth above, the Securities will not be redeemable prior
to their Stated Maturity and will not be entitled to the benefit of any sinking
fund.

         The Securities may be redeemed in part in multiplies of $1,000 only.
Any such redemption will also comply with Article Eleven of the Indenture.

6.       Denominations; Transfer; Exchange.

         The Securities are to be issued in registered form, without coupons, in
denominations of $100,000 and integral multiples of $1,000 in excess thereof. A
Holder may register the transfer of, or exchange, Securities in accordance with
the Indenture and the Officers' Certificate. The Securities Registrar may
require a Holder, among other things, to furnish appropriate endorsements and
transfer documents and to pay any taxes and fees required by law or permitted by
the Indenture.

7.       Person Deemed Owners.

         The registered Holder of a Security may be treated as the owner of it
for all purposes.

8.       Amendment; Supplement; Waiver.

         Subject to certain exceptions, the Indenture may be amended or
supplemented, and any existing Event of Default or compliance with any provision
may be waived, with the consent of the Holders of a majority in principal amount
of the Outstanding Debt Securities of each series affected. Without consent of
any Holder, the parties thereto may amend or supplement the Indenture or the
Securities to, among other things, cure any ambiguity, defect or inconsistency,
or make any other change that does not adversely affect the interests of any
Holder of a Security. Any such consent or waiver by the Holder of this Security
(unless revoked as provided in the Indenture) shall be conclusive and binding
upon such Holder and upon all future Holders and owners of this Security and any
Securities which may be issued in exchange or substitution herefor, irrespective
of whether or not any notation thereof is made upon this Security or such other
Securities.

9.       Defaults and Remedies.

         If an Event of Default with respect to the Securities occurs and is
continuing, then in every such case the Trustee or the Holders of not less than
25% in principal amount of the Securities then Outstanding may declare the
principal amount of all the Securities to be due and payable immediately in the
manner and with the effect provided in the Indenture. Notwithstanding the
preceding sentence, however, if at any time after such a declaration of
acceleration has been made and before judgment or decree for payment of the
money due has been obtained by the Trustee as provided in the Indenture, the
Holders of a majority in principal amount of the Outstanding Securities, by
written notice to the Company and to the Trustee, may rescind and annul such
declaration and its consequences if (1) the Company has paid or

<PAGE>
deposited with the Trustee a sum sufficient to pay (A) all overdue interest on
all Securities, (B) the principal of (and premium, if any, on) any Securities
which has become due otherwise than by such declaration of acceleration and any
interest thereon at the rate prescribed therefor herein, (C) to the extent that
payment of such interest is lawful, interest upon overdue interest at the rate
prescribed therefor herein, and (D) all sums paid or advanced by the Trustee and
the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel and (2) all Events of Default under the
Indenture with respect to the Securities, other than the nonpayment of the
principal of Securities which has become due solely by such declaration
acceleration, shall have been cured or shall have been waived. No such
rescission shall affect any subsequent default or shall impair any right
consequent thereon. Holders of Securities may not enforce the Indenture or the
Securities except as provided in the Indenture. The Trustee may require
indemnity satisfactory to it before it enforces the Indenture or the Securities.
Subject to certain limitations, Holders of a majority in aggregate principal
amount of the Securities then outstanding may direct the Trustee in its exercise
of any trust or power.

10.      Trustee Dealings with Company.

         The Trustee under the Indenture, in its individual or any other
capacity, may make loans to, accept deposits from, and perform services for the
Company or its Affiliates or any subsidiary of the Company's Affiliates, and may
otherwise deal with the Company or its Affiliates as if it were not the Trustee.

11.      Authentication.

         This Security shall not be valid until the Trustee or authenticating
agent signs the certificate of authentication on the other side of this
Security.

12.      Abbreviations and Defined Terms.

         Customary abbreviations may be used in the name of a Holder of a
Security or an assignee, such as: TEN COM (tenant in common), TEN ENT (tenants
by the entireties), JT TEN (joint tenants with right of survivorship and not as
tenants in common), CUST (Custodian), and U/G/M/A (Uniform Gifts to Minors Act).

13.      CUSIP Numbers.

         Pursuant to a recommendation promulgated by the Committee on Uniform
Note Identification Procedures, the Company has caused CUSIP numbers to be
printed on the Securities as a convenience to the Holders of the Securities. No
representation is made as to the accuracy of such number as printed on the
Securities and reliance may be placed only on the other identification numbers
printed hereon.

14.      Absolute Obligation.

         No reference herein to the Indenture and no provision of this Security
or the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of, premium, if any, and
interest on this Security in the manner, at the respective times, at the rate
and in the coin or currency herein prescribed.

<PAGE>
15.      No Recourse.

         No recourse under or upon any obligation, covenant or agreement
contained in the Indenture or in any Security, or because of any indebtedness
evidenced thereby, shall be had against any incorporator, past, present or
future stockholder, officer or director, as such of the Company or of any
successor, either directly or through the Company or any successor, under any
rule of law, statute or constitutional provision or by the enforcement of any
assessment or by any legal or equitable proceeding or otherwise, all such
liability being expressly waived and released by the acceptance of the Security
by the Holder and as part of the consideration for the issue of the Security.

16.      Governing Law.

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

<PAGE>
                       SCHEDULE OF INCREASES OR DECREASES
                               IN GLOBAL SECURITY

         The following increases or decreases in this Global Security have been
made:

<Table>
<Caption>

                                  Amount of                 Amount of            Principal Amount
                                 Decrease in               Increase in            of this Global           Signature of
                                  Principal             Principal Amount        Security following      authorized officer
                                Amount of this               of this               such decrease           of Trustee or
   Date of Exchange            Global Security           Global Security           (or increase)            Depositary
   ----------------            ---------------           ---------------           -------------            ----------

<S>                            <C>                       <C>                        <C>                     <C>

</Table>

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