Document:

EXHIBIT 10.34

                             DEBT PAYMENT AGREEMENT

         FOR VALUE RECEIVED, the undersigned, Christopher Maus (the "Debtor")
and Lifestream Technologies, Inc. (the "Company"), hereby acknowledge and agree
that:

1.       The Debtor presently owes the Company the sum of $ 100,349.16 (Notes
         Receivable of $93,741.80 and Employee Advance of $6,607.36), principal
         and accumulated interest, said sum being presently due and payable.

2.       In further consideration of the Company's forebearance, the Company
         agrees to pay said debt on extended terms in the manner following:

         $500.00 on a biweekly basis, through automatic deduction from Debtor's
         paychecks. Refer to schedule of payments, Appendix A.

3.       In the event the Debtor fails to make any payments punctually on the
         agreed extended terms, the Company shall have full rights to proceed
         for the collection of the entire balance then remaining.

4.       This agreement shall be binding upon and inure to the benefit of the
         parties, their successors, assigns and personal representatives.

         Signed this 16th day of August, 2001.

                                    /s/ Christopher Maus
                                    ---------------------
                                    Christopher Maus

                                    /s/ Brett Sweezy
                                    -----------------
                                    Lifestream Technologies, Inc.,
                                    By Brett Sweezy, CFO

                                    /s/ Robert Boyle
                                    ----------------
                                    Witness:
                                    Bob Boyle, Secretary/Treasurer
                                    Lifestream Technologies, Inc.<PAGE>

                                                                  EXHIBIT 10.1.1

EASYLINK SERVICES CORPORATION

401(k) SAVINGS PLAN

Defined Contribution Plan 8.0

Restated January 1, 2000

TABLE OF CONTENTS

INTRODUCTION

ARTICLE I    FORMAT AND DEFINITIONS

Section 1.01 ----- Format
Section 1.02 ----- Definitions

ARTICLE II    PARTICIPATION

Section 2.01 ----- Active Participant
Section 2.02 ----- Inactive Participant
Section 2.03 ----- Cessation of Participation
Section 2.04 ----- Adopting Employers - Single Plan

ARTICLE III    CONTRIBUTIONS

Section 3.01 ----- Employer Contributions
Section 3.01A ----- Voluntary Contributions by Participants
Section 3.01B ----- Rollover Contributions
Section 3.02 ----- Forfeitures
Section 3.03 ----- Allocation
Section 3.04 ----- Contribution Limitation
Section 3.05 ----- Excess Amounts

ARTICLE IV    INVESTMENT OF CONTRIBUTIONS

Section 4.01  ----- Investment and Timing of Contributions
Section 4.01A ----- Investment in Qualifying Employer Securities

ARTICLE V    BENEFITS

Section 5.01 ----- Retirement Benefits
Section 5.02 ----- Death Benefits
Section 5.03 ----- Vested Benefits
Section 5.04 ----- When Benefits Start
Section 5.05  ----- Withdrawal Benefits
Section 5.06  ----- Loans to Participants

<PAGE>

ARTICLE VI    DISTRIBUTION OF BENEFITS

Section 6.01 ----- Automatic Forms of Distribution
Section 6.02 ----- Optional Forms of Distribution
Section 6.03 ----- Election Procedures
Section 6.04 ----- Notice Requirements

ARTICLE VII    DISTRIBUTION REQUIREMENTS

Section 7.01 ----- Application
Section 7.02 ----- Definitions
Section 7.03 ----- Distribution Requirements

ARTICLE VIII    TERMINATION OF THE PLAN

ARTICLE IX    ADMINISTRATION OF THE PLAN

Section 9.01 ----- Administration
Section 9.02 ----- Expenses
Section 9.03 ----- Records
Section 9.04 ----- Information Available
Section 9.05 ----- Claim and Appeal Procedures
Section 9.06 ----- Delegation of Authority
Section 9.07 ----- Exercise of Discretionary Authority
Section 9.08 ----- Voting and Tender of Qualifying Employer Securities

ARTICLE X    GENERAL PROVISIONS

Section 10.01 ----- Amendments
Section 10.02 ----- Direct Rollovers
Section 10.03  ----- Mergers and Direct Transfers
Section 10.04  ----- Provisions Relating to the Insurer and Other Parties
Section 10.05 ----- Employment Status
Section 10.06 ----- Rights to Plan Assets
Section 10.07 ----- Beneficiary
Section 10.08 ----- Nonalienation of Benefits
Section 10.09 ----- Construction
Section 10.10 ----- Legal Actions
Section 10.11 ----- Small Amounts
Section 10.12 ----- Word Usage
Section 10.13 ----- Change in Service Method
Section 10.14 ----- Military Service
Section 10.15 ----- Qualification of Plan

                                       2
<PAGE>

ARTICLE XI    TOP-HEAVY PLAN REQUIREMENTS
Section 11.01 ----- Application
Section 11.02 ----- Definitions
Section 11.03 ----- Modification of Vesting Requirements
Section 11.04 ----- Modification of Contributions

PLAN EXECUTION

<PAGE>

         INTRODUCTION

         The Primary Employer previously established a 401(k) savings plan on
January 1, 2000.

         The Primary Employer is of the opinion that the plan should be changed.
It believes that the best means to accomplish these changes is to completely
restate the plan's terms, provisions and conditions. The restatement, effective
January 1, 2000, is set forth in this document and is substituted in lieu of the
prior document.

         It is intended that the restated 401(k) savings plan qualify as a
profit sharing plan under the Internal Revenue Code of 1986, including any later
amendments to the Code. The Employer agrees to operate the plan according to the
terms, provisions and conditions set forth in this document.

         This restatement is made retroactively to reflect the law changes made
through the Internal Revenue Service Restructuring and Reform Act of 1998. The
provisions of this Plan apply as of the effective date of the restatement except
as provided in the attached addendums which reflect the operation of the Plan
between the effective date of the restatement and the date this restatement is
adopted and identify those provisions which are not amended retroactively.

                                       3
<PAGE>

         ARTICLE I

         FORMAT AND DEFINITIONS

         SECTION 1.01--FORMAT.

         Words and phrases defined in the DEFINITIONS SECTION of Article I shall
have that defined meaning when used in this Plan, unless the context clearly
indicates otherwise.

         These words and phrases have an initial capital letter to aid in
identifying them as defined terms.

         SECTION 1.02--DEFINITIONS.

         Account means, for a Participant, his share of the Plan Fund. Separate
accounting records are kept for those parts of his Account that result from:

         (a)      Voluntary Contributions

         (b)      Elective Deferral Contributions

         (c)      Matching Contributions

         (d)      Qualified Nonelective Contributions

         (e)      Rollover Contributions

         If the Participant's Vesting Percentage is less than 100% as to any of
the Employer Contributions, a separate accounting record will be kept for any
part of his Account resulting from such Employer Contributions and, if there has
been a prior Forfeiture Date, from such Contributions made before a prior
Forfeiture Date.

         A Participant's Account shall be reduced by any distribution of his
Vested Account and by any Forfeitures. A Participant's Account shall participate
in the earnings credited, expenses charged, and any appreciation or depreciation
of the Investment Fund. His Account is subject to any minimum guarantees
applicable under the Annuity Contract or other investment arrangement and to any
expenses associated therewith.

         ACP Test means the nondiscrimination test described in Code Section
401(m)(2) as provided for in subparagraph (d) of the EXCESS AMOUNTS SECTION of
Article III.

         Active Participant means an Eligible Employee who is actively
participating in the Plan according to the provisions in the ACTIVE PARTICIPANT
SECTION of Article II.

         Adopting Employer means an employer which is a Controlled Group member
and which is listed in the ADOPTING EMPLOYERS - SINGLE PLAN SECTION of Article
II.

         ADP Test means the nondiscrimination test described in Code Section
401(k)(3) as provided for in subparagraph (c) of the EXCESS AMOUNTS SECTION of
Article III.

         Affiliated Service Group means any group of corporations, partnerships
or other organizations of which the Employer is a part and which is affiliated
within the meaning of Code Section 414(m) and regulations thereunder. Such a
group includes at least two organizations one of which is either a service
organization (that is, an organization the principal business of which is
performing services), or an organization the principal business of which is
performing management functions on a regular and continuing basis. Such service
is of a type historically performed by employees. In the case of a management
organization, the Affiliated Service Group shall include organizations related,
within the meaning of Code Section 144(a)(3), to either the management
organization or the organization for which it performs management functions. The
term Controlled Group, as it is used in this Plan, shall include the term
Affiliated Service Group.

                                       4
<PAGE>

         Annual Compensation means, for a Plan Year, the Employee's Compensation
for the Compensation Year ending with or within the consecutive 12-month period
ending on the last day of the Plan Year.

         Annuity Contract means the annuity contract or contracts into which the
Trustee enters with the Insurer for guaranteed benefits, for the investment of
Contributions in separate accounts, and for the payment of benefits under this
Plan. The term Annuity Contract as it is used in this Plan shall include the
plural unless the context clearly indicates the singular is meant.

         Annuity Starting Date means, for a Participant, the first day of the
first period for which an amount is payable as an annuity or any other form.
Beneficiary means the person or persons named by a Participant to receive any
benefits under the Plan when the Participant dies. See the BENEFICIARY SECTION
of Article X.

         Claimant means any person who makes a claim for benefits under this
Plan. See the CLAIM AND APPEAL PROCEDURES SECTION of Article IX.

         Code means the Internal Revenue Code of 1986, as amended.

         Compensation means, except for purposes of the CONTRIBUTION LIMITATION
SECTION of Article III and Article XI, the total earnings, except as modified in
this definition, paid or made available to an Employee by the Employer or a
Predecessor Employer which did not maintain this Plan during any specified
period. Earnings include earnings while a partner or proprietor of such
Predecessor Employer.

         "Earnings" in this definition means wages within the meaning of Code
Section 3401(a) and all other payments of compensation to an Employee by the
Employer (in the course of the Employer's trade or business) for which the
Employer is required to furnish the Employee a written statement under Code
Sections 6041(d), 6051(a)(3), and 6052. Earnings must be determined without
regard to any rules under Code Section 3401(a) that limit the remuneration
included in wages based on the nature or location of the employment or the
services performed (such as the exception for agricultural labor in Code Section
3401(a)(2)). The amount reported in the "Wages, Tips and Other Compensation" box
on Form W-2 satisfies this definition.

         For any Self-employed Individual, Compensation means Earned Income.

         For purposes of determining the amount of Elective Deferral
Contributions and Matching Contributions, Compensation shall exclude
reimbursements or other expense allowances, fringe benefits (cash and noncash),
moving expenses, deferred compensation (other than elective contributions), and
welfare benefits.

         Compensation shall exclude the following:

         bonuses

                                       5
<PAGE>

         For purposes of the EXCESS AMOUNTS SECTION of Article III, Compensation
shall not exclude those items listed above unless such Compensation is
nondiscriminatory in accordance with the regulations under Code Section 414(s).

         Compensation shall also include elective contributions. For this
purpose, elective contributions are amounts contributed by the Employer pursuant
to a salary reduction agreement and which are not includible in the gross income
of the Employee under Code Section 125, 132(f)(4), 402(e)(3), 402(h)(1)(B), or
403(b). Elective contributions also include compensation deferred under a Code
Section 457 plan maintained by the Employer and employee contributions "picked
up" by a governmental entity and, pursuant to Code Section 414(h)(2), treated as
Employer contributions.

         For purposes of the EXCESS AMOUNTS SECTION of Article III, the Employer
may elect to use an alternative nondiscriminatory definition of Compensation in
accordance with the regulations under Code Section 414(s).

         For Plan Years beginning on or after January 1, 1994, the annual
Compensation of each Participant taken into account for determining all benefits
provided under the Plan for any determination period shall not exceed $150,000,
as adjusted for increases in the cost-of-living in accordance with Code Section
401(a)(17)(B). The cost-of-living adjustment in effect for a calendar year
applies to any determination period beginning in such calendar year.

         If a determination period consists of fewer than 12 months, the annual
limit is an amount equal to the otherwise applicable annual limit multiplied by
a fraction. The numerator of the fraction is the number of months in the short
determination period, and the denominator of the fraction is 12.

         If Compensation for any prior determination period is taken into
account in determining a Participant's contributions or benefits for the current
Plan Year, the Compensation for such prior determination period is subject to
the applicable annual compensation limit in effect for that determination
period. For this purpose, in determining contributions or benefits in Plan Years
beginning on or after January 1, 1994, the annual compensation limit in effect
for determination periods beginning before that date is $150,000.

         Compensation means, for a Leased Employee, Compensation for the
services the Leased Employee performs for the Employer, determined in the same
manner as the Compensation of Employees who are not Leased Employees, regardless
of whether such Compensation is received directly from the Employer or from the
leasing organization.

         Compensation Year means the consecutive 12-month period ending on the
last day of each Plan Year, including corresponding periods before January 1,
2000.

         Contingent Annuitant means an individual named by the Participant to
receive a lifetime benefit after the Participant's death in accordance with a
survivorship life annuity.

         Contributions means

         Elective Deferral Contributions

                                       6
<PAGE>

         Matching Contributions

         Qualified Nonelective Contributions

         Voluntary Contributions

         Rollover Contributions

         as set out in Article III, unless the context clearly indicates only
specific contributions are meant.

         Controlled Group means any, group of corporations, trades, or
businesses of which the Employer is a part that are under common control. A
Controlled Group includes any group of corporations, trades, or businesses,
whether or not incorporated, which is either a parent-subsidiary group, a
brother-sister group, or a combined group within the meaning of Code Section
414(b), Code Section 414(c) and regulations thereunder and, for purposes of
determining contribution limitations under the CONTRIBUTION LIMITATION SECTION
of Article III, as modified by Code Section 415(h) and, for the purpose of
identifying Leased Employees, as modified by Code Section 144(a)(3). The term
Controlled Group, as it is used in this Plan, shall include the term Affiliated
Service Group and any other employer required to be aggregated with the Employer
under Code Section 414(o) and the regulations thereunder.

         Custodial Agreement means an agreement which establishes custodial
accounts under this Plan which meet the requirements of Code Section 401(f).

         Custodian means the party or parties named in the Custodial Agreement
or any successors thereto, provided that the custodian meets the requirements of
Code Section 401(f). The term Custodian as it is used in this Plan is deemed to
include the plural unless the context clearly indicates the singular is meant.

         Direct Rollover means a payment by the Plan to the Eligible Retirement
Plan specified by the Distributee.

         Distributee means an Employee or former Employee. In addition, the
Employee's (or former Employee's) surviving spouse and the Employee's (or former
Employee's) spouse or former spouse who is the alternate payee under a qualified
domestic relations order, as defined in Code Section 414(p), are Distributees
with regard to the interest of the spouse or former spouse.

         Early Retirement Age means a Participant's age on the date he meets the
following requirement(s):

         (a)      He has attained age 59 1/2.

         (b)      He has completed 5 years of Vesting Service.

         Early Retirement Date means the first day of any month before a
Participant's Normal Retirement Date which the Participant selects for the start
of his retirement benefits. This day may be on or after the date on which he
ceases to be an Employee and reaches Early Retirement Age. If a Participant
ceases to be an Employee before satisfying any age requirement for Early
Retirement Age, but after satisfying any other requirements, the Participant
shall be entitled to elect on early retirement benefit upon satisfying such age
requirement.

                                       7
<PAGE>

         Earned Income means, for a Self-employed Individual, net earnings from
self-employment in the trade or business for which this Plan is established if
such Self-employed Individual's personal services are a material income
producing factor for that trade or business. Net earnings shall be determined
without regard to items not included in gross income and the deductions property
allocable to or chargeable against such items. Net earnings shall be reduced for
the employer contributions to the Employer's qualified retirement plan(s) to the
extent deductible under Code Section 404.

         Net earnings shall be determined with regard to the deduction allowed
to the Employer by Code Section 164(l) for taxable years beginning after
December 31, 1989.

         Elective Deferral Contributions means contributions made by the
Employer to fund this Plan in accordance with elective deferral agreements
between Eligible Employees and the Employer.

         Elective deferral agreements shall be made, changed, or terminated
according to the provisions of the EMPLOYER CONTRIBUTIONS SECTION of Article
III.

         Elective Deferral Contributions shall be 100% vested and subject to the
distribution restrictions of Code Section 401(k) when made. See the WHEN
BENEFITS START SECTION of Article V.

         Eligibility Service means an Employee's Period of Service. Eligibility
Service shall be measured from his Employment Commencement Date to his most
recent Severance Date. Eligibility Service shall be reduced by any Period of
Severance that occurred prior to his most recent Severance Date, unless such
period of Severance is included under the service spanning rule below. This
period of Eligibility Service shall be expressed as months (on the basis that 30
days equal one month).

         However, Eligibility Service is modified as follows:

         Service with a Predecessor Employer which did not maintain this Plan
included:

         An Employee's service with a Predecessor Employer which did not
maintain this Plan shall be included as service with the Employer. This service
includes service performed while a proprietor or partner.

         Period of Military Duty included:

         A Period of Military Duty shall be included as service with the
Employer to the extent it has not already been credited.

         Period of Severance included (service spanning rule):

                                       8
<PAGE>

         A Period of Severance shall be deemed to be a Period of Service under
either of the following conditions:

         (a) the Period of Severance immediately follows a period during which
an Employee is not absent from work and ends within 12 months; or

         (b) the Period of Severance immediately follows a period during which
an Employee is absent from work for any reason other than quitting, being
discharged, or retiring (such as a leave of absence or layoff) and ends within
12 months of the date he was first absent.

         Controlled Group service included:

         An Employee's service with a member firm of a Controlled Group while
both that firm and the Employer were members of the Controlled Group shall be
included as service with the Employer.

         Eligible Employee means any Employee of the Employer.

         Eligible Retirement Plan means an individual retirement account
described in Code Section 408(a), an individual retirement annuity described in
Code Section 408(b), an annuity plan described in Code Section 403(a) or a
qualified trust described in Code Section 401(a), that accepts the Distributee's
Eligible Rollover Distribution. However, in the case of an Eligible Rollover
Distribution to the surviving spouse, an Eligible Retirement Plan is an
individual retirement account or individual retirement annuity.

         Eligible Rollover Distribution means any distribution of all or any
portion of the balance to the credit of the Distributee, except that an Eligible
Rollover Distribution does not include: (i) any distribution that is one of a
series of substantially equal periodic payments (not less frequently than
annually) made for the life (or life expectancy) of the Distributee or the joint
lives for joint life expectancies) of the Distributee and the Distributee's
designated Beneficiary, or for a specified period of ten years or more; (ii) any
distribution to the extent such distribution is required under Code Section
401(a)(9); (iii) any hardship distribution described in Code Section
401(k)(2)(B)(i)(IV) received after December 31, 1998; (iv) the portion of any
other distribution(s) that is not includible in gross income (determined without
regard to the exclusion for net unrealized appreciation with respect to employer
securities); and (v) any other distribution(s) that is reasonably expected to
total less than $200 during a year.

         Employee means an individual who is employed by the Employer or any
other employer required to be aggregated with the Employer under Code Sections
414(b), (c), (m), or (o). A Controlled Group member is required to be aggregated
with the Employer.

         The term Employee shall include any Self-employed individual treated as
an employee of any employer described in the preceding paragraph as provided in
Code Section 401(c)(1). The term Employee shall also include any Leased Employee
deemed to be an employee of any employer described in the preceding paragraph as
provided in Code Section 414(n) or (o).

         Employer means, except for purposes of the CONTRIBUTION LIMITATION
SECTION of Article III, the Primary Employer. This will also include any
successor corporation or firm of the Employer which shall, by written agreement,
assume the obligations of this Plan or any Predecessor Employer which maintained
this Plan.

                                       9
<PAGE>

         Employer Contributions means

         Elective Deferral Contributions

         Matching Contributions

         Qualified Nonelective Contributions

         as set out in Article III and contributions made by the Employer to
fund this Plan in accordance with the provisions of the MODIFICATION OF
CONTRIBUTIONS SECTION of Article XI, unless the context clearly indicates only
specific contributions are meant.

         Employment Commencement Date means the date an Employee first performs
an Hour-of-Service.

         Entry Date means the date an Employee first enters the Plan as an
Active Participant. See the ACTIVE PARTICIPANT SECTION of Article II.

         ERISA means the Employee Retirement Income Security Act of 1974, as
amended.

         Fiscal Year means the Primary Employer's taxable year. The last day of
the Fiscal Year is December 31.

         Forfeiture means the part, if any, of a Participant's Account that is
forfeited. See the FORFEITURES SECTION of Article III.

         Forfeiture Date means, as to a Participant, the date the Participant
incurs five consecutive Vesting Breaks in Service.

         Highly Compensated Employee means any Employee who:

         (a) was a 5-percent owner at any time during the year or the preceding
year, or

         (b) for the preceding year had compensation from the Employer in excess
of $80,000 and, if the Employer so elects, was in the top-paid group for the
preceding year. The $80,000 amount is adjusted at the same time and in the same
manner as under Code Section 415(d), except that the base period is the calendar
quarter ending September 30, 1996.

         For this purpose the applicable year of the plan for which a
determination is being made is called a determination year and the preceding
12-month period is called a look-back year. If the Employer makes a calendar
year data election, the look-back year shall be the calendar year beginning with
or within the look-back year. The Plan may not use such election to determine
whether Employees are Highly Compensated Employees on account of being a
5-percent owner.

                                       10
<PAGE>

         In determining who is a Highly Compensated Employee the Employer does
not make a top-paid group election. In determining who is a Highly Compensated
Employee the Employer does not make a calendar year data election.

         Calendar year data elections and top-paid group elections, once made,
apply for all subsequent years unless changed by the Employer. If the Employer
makes one election, the Employer is not required to make the other. If both
elections are made, the look-back year in determining the top-paid group must be
the calendar year beginning with or within the look-back year. These elections
must apply consistently to the determination years of all plans maintained by
the Employer which reference the highly compensated employee definition in Code
Section 414(q), except as provided in Internal Revenue Service Notice 97-45 (or
superseding guidance). The consistency requirement will not apply to
determination years beginning with or within the 1997 calendar year, and for
determination years beginning on or after January 1, 1998 and before January 1,
2000, satisfaction of the consistency requirement is determined without regard
to any nonretirement plans of the Employer.

         The determination of who is a highly compensated former Employee is
based on the rules applicable to determining Highly Compensated Employee status
as in effect for that determination year, in accordance with section
1.414(q)-1T, A-4 of the temporary Income Tax Regulations and Internal Revenue
Service Notice 97-45.

         In determining whether an Employee is a Highly Compensated Employee for
years beginning in 1997, the amendments to Code Section 414(q) stated above are
treated as having been in effect for years beginning in 1996.

         The determination of who is a Highly Compensated Employee, including
the determinations of the number and identity of Employees in the top-paid
group, the compensation that is considered, and the identity of the 5-percent
owners, shall be made in accordance with Code Section 414(q) and the regulations
thereunder.

         Hour-of-Service means, for the elapsed time method of crediting service
in this Plan, each hour for which an Employee is paid, or entitled to payment,
for performing duties for the Employer. Hour-of-Service means, for the hours
method of crediting service in this Plan, the following:

         (a) Each hour for which an Employee is paid, or entitled to payment,
for performing duties for the Employer during the applicable computation period.

         (b) Each hour for which an Employee is paid, or entitled to payment, by
the Employer because of a period of time in which no duties are performed
(irrespective of whether the employment relationship has terminated) due to
vacation, holiday, illness, incapacity (including disability), layoff, jury
duty, military duty or leave of absence. Notwithstanding the preceding
provisions of this subparagraph (b), no credit will be given to the Employee:

         (1) for more than 501 Hours-of-Service under this subparagraph (b)
because of any single continuous period in which the Employee performs no duties
(whether or not such period occurs in a single computation period); or

                                       11
<PAGE>

         (2) for an Hour-of-Service for which the Employee is directly or
indirectly paid, or entitled to payment, because of a period in which no duties
are performed if such payment is made or due under a plan maintained solely for
the purpose of complying with applicable worker's or workmen's compensation, or
unemployment compensation, or disability insurance laws; or

         (3) for an Hour-of-Service for a payment which solely reimburses the
Employee for medical or medically related expenses incurred by him.

         For purposes of this subparagraph (b), a payment shall be deemed to be
made by, or due from the Employer, regardless of whether such payment is made
by, or due from the Employer, directly or indirectly through, among others, a
trust fund or insurer, to which the Employer contributes or pays premiums and
regardless of whether contributions made or due to the trust fund, insurer or
other entity are for the benefit of particular employees or are on behalf of a
group of employees in the aggregate.

         (c) Each hour for which back pay, irrespective of mitigation of
damages, is either awarded or agreed to by the Employer. The same
Hours-of-Service shall not be credited both under subparagraph (a) or
subparagraph (b) above (as the case may be) and under this subparagraph (c).
Crediting of Hours-of-Service for back pay awarded or agreed to with respect to
periods described in subparagraph (b) above will be subject to the limitations
set forth in that subparagraph.

         The crediting of Hours-of-Service above shall be applied under the
rules of paragraphs (b) and (c) of the Department of Labor Regulation
2530.200b-2 (including any interpretations or opinions implementing such rules);
which rules, by this reference, are specifically incorporated in full within
this Plan. The reference to paragraph (b) applies to the special rule for
determining hours of service for reasons other than the performance of duties
such as payments calculated (or not calculated) on the basis of units of time
and the rule against double credit. The reference to paragraph (c) applies to
the crediting of hours of service to computation periods.

         Hours-of-Service shall be credited for employment with any other
employer required to be aggregated with the Employer under Code Sections 414(b),
(c), (m), or (o) and the regulations thereunder for purposes of eligibility and
vesting. Hours-of-Service shall also be credited for any Individual who is
considered an employee for purposes of this Plan pursuant to Code Section 414(n)
or (o) and the regulations thereunder.

         Solely for purposes of determining whether a one-year break in service
has occurred for eligibility or vesting purposes, during a Parental Absence an
Employee shall be credited with the Hours-of-Service which otherwise would
normally have been credited to the Employee but for such absence, or in any case
in which such hours cannot be determined, eight Hours-of-Service per day of such
absence. The Hours-of-Service credited under this paragraph shall be credited in
the computation period in which the absence begins if the crediting is necessary
to prevent a break in service in that period; or in all other cases, in the
following computation period.

         Inactive Participant means a former Active Participant who has an
Account. See the INACTIVE PARTICIPANT SECTION of Article II.

                                       12
<PAGE>

         Insurer means Principal Life Insurance Company and any other insurance
company or companies named by the Trustee or Primary Employer.

         Investment Fund means the total of Plan assets, excluding the
guaranteed benefit policy portion of any Annuity Contract. All or a portion of
these assets may be held under the Trust Agreement and Custodial Agreement.

         The Investment Fund shall be valued at current fair market value as of
the Valuation Date. The valuation shall take into consideration investment
earnings credited, expenses charged, payments made, and changes in the values of
the assets held in the Investment Fund.

         The Investment Fund shall be allocated at all times to Participants,
except as otherwise expressly provided in the Plan. The Account of a Participant
shall be credited with its share of the gains and losses of the Investment Fund.
That part of a Participant's Account invested in a funding arrangement which
establishes one or more accounts or investment vehicles for such Participant
thereunder shall be credited with the gain or loss from such accounts or
investment vehicles. The part of a Participant's Account which is invested in
other funding arrangements shall be credited with a proportionate share of the
gain or loss of such investments. The share shall be determined by multiplying
the gain or loss of the investment by the ratio of the part of the Participant's
Account invested in such funding arrangement to the total of the Investment Fund
invested in such funding arrangement.

         Investment Manager means any fiduciary (other than a trustee or Named
Fiduciary)

         (a) who has the power to manage, acquire, or dispose of any assets of
the Plan;

         (b) who (i) is registered as an investment adviser under the Investment
Advisers Act of 1940; (ii) is not registered as an investment adviser under such
Act by reason of paragraph (1) of section 203A(a) of such Act, is registered as
an investment adviser under the laws of the state (referred to in such paragraph
(1)) in which it maintains its principal office and place of business, and, at
the time it last filed the registration form most recently filed by it with such
state in order to maintain its registration under the laws of such state, also
filed a copy of such form with the Secretary of Labor, (iii) is a bank, as
defined in that Act; or (iv) is an insurance company qualified to perform
services described in subparagraph (a) above under the laws of more than one
state; and

         (c) who has acknowledged in writing being a fiduciary with respect to
the Plan.

         Late Retirement Date means the first day of any month which is after
the date a Participant's Normal Retirement Date and on which retirement benefits
begin. If a Participant continues to work for the Employer after his Normal
Retirement Date, his Late Retirement Date shall be the earliest first day of the
month on or after the date he ceases to be an Employee. An earlier or a later
Retirement Date may apply if the Participant so elects. An earlier Retirement
Date may apply if the Participant is age 70 1/2. See the WHEN BENEFITS START
SECTION of Article V.

                                       13
<PAGE>

         Leased Employee means any person (other than an employee of the
recipient) who, pursuant to an agreement between the recipient and any other
person ("leasing organization"), has performed services for the recipient (or
for the recipient and related persons determined in accordance with Code Section
414(n)(6)) on a substantially full time basis for a period of at least one year,
and such services are performed under primary direction or control by the
recipient. Contributions or benefits provided by the leasing organization to a
Leased Employee, which are attributable to service performed for the recipient
employer, shall be treated as provided by the recipient employer.

         A Leased Employee shall not be considered an employee of the recipient
if:

         (a) such employee is covered by a money purchase pension plan providing
(i) a nonintegrated employer contribution rate of at least 10 percent of
compensation, as defined in Code Section 415(c)(3), but including amounts
contributed pursuant to a salary reduction agreement which are excludible from
the employee's gross income under Code Sections 125, 402(e)(3), 402(h)(1)(B), or
403(b), (ii) immediate participation, and (iii) full and immediate vesting, and

         (b) Leased Employees do not constitute more than 20 percent of the
recipient's nonhighly compensated work force.

         Loan Administrator means the person(s) or position(s) authorized to
administer the Participant loan program.

         The Loan Administrator is Gregg Cross.

         Matching Contributions means contributions made by the Employer to fund
this Plan which are contingent on a Participant's Elective Deferral
Contributions. See the EMPLOYER CONTRIBUTIONS SECTION of Article III.

         Named Fiduciary means the person or persons who have authority to
control and manage the operation and administration of the Plan.

         The Named Fiduciary is the Employer.

         Nonhighly Compensated Employee means an Employee of the Employer who is
not a Highly Compensated Employee.

         Nonvested Account means the excess, if any, of a Participant's Account
over his Vested Account.

         Normal Form means a single life annuity with installment refund.

         Normal Retirement Age means the age at which the Participant's normal
retirement benefit becomes nonforfeitable if he is an Employee. A Participant's
Normal Retirement Age is 65.

         Normal Retirement Date means the earliest first day of the month on or
after the date the Participant reaches his Normal Retirement Age. Unless
otherwise provided in this Plan, a Participant's retirement benefits shall begin
on a Participant's Normal Retirement Date if he has ceased to be an Employee on
such date and has a Vested Account. Even if the Participant is an Employee on
his Normal Retirement Date, he may choose to have his retirement benefit begin
on such date. See the WHEN BENEFITS START SECTION of Article V.

                                       14
<PAGE>

         Owner-employee means a Self-employed Individual who, in the case of a
sole proprietorship, owns the entire interest in the unincorporated trade or
business for which this Plan is established. If this Plan is established for a
partnership, an Owner-employee means a Self-employed Individual who owns more
than 10 percent of either the capital interest or profits interest in such
partnership.

         Parental Absence means an Employee's absence from work:

         (a) by reason of pregnancy of the Employee,

         (b) by reason of birth of a child of the Employee,

         (c) by reason of the placement of a child with the Employee in
connection with adoption of such child by such Employee, or

         (d) for purposes of caring for such child for a period beginning
immediately following such birth or placement.

         Participant means either an Active Participant or on Inactive
Participant.

         Participant Contributions means Voluntary Contributions as set out in
Article III.

         Period of Military Duty means, for an Employee

         (a) who served as a member of the armed forces of the United States,
and

         (b) who was reemployed by the Employer at a time when the Employee had
a right to reemployment in accordance with seniority rights as protected under
Chapter 43 of Title 38 of the U. S. Code,

         the period of time from the date the Employee was first absent from
active work for the Employer because of such military duty to the date the
Employee was reemployed.

         Period of Service means a period of time beginning on an Employee's
Employment Commencement Date or Reemployment Commencement Date (whichever
applies) and ending on his Severance Date.

         Period of Severance means a period of time beginning on an Employee's
Severance Date and ending on the date he again performs an Hour-of-Service.

         A one-year Period of Severance means a Period of Severance of 12
consecutive months.

         Solely for purposes of determining whether a one-year Period of
Severance has occurred for eligibility or vesting purposes, the consecutive
12-month period beginning on the first anniversary of the first date of a
Parental Absence shall not be a one-year Period of Severance.

                                       15
<PAGE>

         Plan means the 401(k) savings plan of the Employer set forth in this
document, including any later amendments to it.

         Plan Administrator means the person or persons who administer the Plan.

         The Plan Administrator is the Employer.

         Plan Fund means the total of the Investment Fund and the guaranteed
benefit policy portion of any Annuity Contract. The Investment Fund shall be
valued as stated in its definition. The guaranteed benefit policy portion of any
Annuity Contract shall be determined in accordance with the terms of the Annuity
Contract and, to the extent that such Annuity Contract allocates contract values
to Participants, allocated to Participants in accordance with its terms. The
total value of all amounts held under the Plan Fund shall equal the value of the
aggregate Participants' Accounts under the Plan.

         Plan Year means a period beginning on a Yearly Date and ending on the
day before the next Yearly Date.

         Predecessor Employer means a firm of which the Employer was once a part
(e.g., due to a spinoff or change of corporate status) or a firm absorbed by the
Employer because of a merger or acquisition (stock or asset, including a
division or an operation of such company) which maintained this Plan or which is
named below:

         AT&T Easylink Services

         Primary Employer means Easylink Services Corporation.

         Qualified Joan and Survivor Annuity means, for a Participant who has a
spouse, an immediate survivorship life annuity with installment refund, where
the survivorship percentage is 50% and the Contingent Annuitant is the
Participant's spouse. A former spouse will be treated as the spouse to the
extent provided under a qualified domestic relations order as described in Code
Section 414(p).

         The amount of benefit payable under the Qualified Joint and Survivor
Annuity shall be the amount of benefit which may be provided by the
Participant's Vested Account.

         Qualified Nonelective Contributions means contributions made by the
Employer to fund this Plan (other than Elective Deferral Contributions) which
are 100% vested and subject to the distribution restrictions of Code Section
401(k) when made. See the EMPLOYER CONTRIBUTIONS SECTION of Article III and the
WHEN BENEFITS START SECTION of Article V.

         Qualified Preretirement Survivor Annuity means a single life annuity
with installment refund payable to the surviving spouse of a Participant who
dies before his Annuity Starting Date. A former spouse will be treated as the
surviving spouse to the extent provided under a qualified domestic relations
order as described in Code Section 414(p).

                                       16
<PAGE>

         Qualifying Employer Securities means any security which is issued by
the Employer or any Controlled Group member and which meets the requirements of
Code Section 409(l) and ERISA Section 407(d)(5). This shall also include any
securities that satisfied the requirements of the definition when these
securities were assigned to the Plan.

         Qualifying Employer Securities Fund means that part of the assets of
the Trust Fund that are designated to be held primarily or exclusively in
Qualifying Employer Securities for the purpose of providing benefits for
Participants.

         Reemployment Commencement Date means the date an Employee first
performs an Hour-of-Service following a Period of Severance.

         Reentry Date means the date a former Active Participant reenters the
Plan. See the ACTIVE PARTICIPANT SECTION of Article II.

         Retirement Date means the date a retirement benefit will begin and is a
Participant's Early, Normal, or Late Retirement Date, as the case may be.

         Rollover Contributions means the Rollover Contributions which are made
by an Eligible Employee or an Inactive Participant according to the provisions
of the ROLLOVER CONTRIBUTIONS SECTION of Article III.

         Self-employed Individual means, with respect to any Fiscal Year, an
individual who has Earned Income for the Fiscal Year (or who would have Earned
Income but for the fact the trade or business for which this Plan is established
did not have net profits for such Fiscal Year),

         Severance Date means the earlier of:

         (a) the date on which an Employee quits, retires, dies, or is
discharged, or

         (b) the first anniversary of the date an Employee begins a one-year
absence from service (with or without pay). This absence may be the result of
any combination of vacation, holiday, sickness, disability, leave of absence or
layoff.

         Solely to determine whether a one-year Period of Severance has occurred
for eligibility or vesting purposes for an Employee who is absent from service
beyond the first anniversary of the first day of a Parental Absence, Severance
Date is the second anniversary of the first day of the Parental Absence. The
period between the first and second anniversaries of the first day of the
Parental Absence is not a Period of Service and is not a Period of Severance.

         Totally and Permanently Disabled means that a Participant is disabled,
as a result of sickness or injury, to the extent that he is prevented from
engaging in any substantial gainful activity, and is eligible for and receives a
disability benefit under Title II of the Federal Social Security Act.

         Trust Agreement means an agreement of trust between the Primary
Employer and Trustee established for the purpose of holding and distributing the
Trust Fund under the provisions of the Plan. The Trust Agreement may provide for
the investment of all or any portion of the Trust Fund in the Annuity Contract.

                                       17
<PAGE>

         Trust Fund means the total funds held under the Trust Agreement.

         Trustee means the party or parties named in the Trust Agreement. The
term Trustee as it is used in this Plan is deemed to include the plural unless
the context clearly indicates the singular is meant.

         Valuation Date means the date on which the value of the assets of the
Investment Fund is determined. The value of each Account which is maintained
under this Plan shall be determined on the Valuation Date. In each Plan Year,
the Valuation Date shall be the last day of the Plan Year. At the discretion of
the Plan Administrator, Trustee, Insurer, or Custodian (whichever applies),
assets of the Investment Fund may be valued more frequently. These dates shall
also be Valuation Dates.

         Vested Account means the vested part of a Participant's Account. The
Participant's Vested Account is determined as follows.

         If the Participant's Vesting Percentage is 100%, his Vested Account
equals his Account.

         If the Participant's Vesting Percentage is less than 100%, his Vested
Account equals the sum of (a) and (b) below:

         (a) The part of the Participant's Account that results from Employer
Contributions made before a prior Forfeiture Date and all other Contributions
which were 100% vested when made.

         (b) The balance of the Participant's Account in excess of the amount in
(a) above multiplied by his Vesting Percentage.

         The Participant's Vested Account is nonforfeitable.

         Vesting Break in Service means a Vesting Computation Period in which an
Employee is credited with 500 or fewer Hours-of-Service. An Employee incurs a
Vesting Break in Service on the last day of a Vesting Computation Period in
which he has a Vesting Break in Service.

         Vesting Computation Period means a consecutive 12-month period ending
on the last day of each Plan Year, including corresponding consecutive 12-month
periods before January 1, 2000.

         Vesting Percentage means the percentage used to determine the
nonforfeitable portion of a Participant's Account attributable to Employer
Contributions which were not 100% vested when made.

         A Participant's Vesting Percentage is shown in the following schedule
opposite the number of whole years of his Vesting Service.

                                       18
<PAGE>

         VESTING SERVICE VESTING

         (whole years) PERCENTAGE

         Less than 1       0

         1        20

         2        40

         3        60

         4        80

         5 or more         100

         The Vesting Percentage for a Participant who is an Employee on or after
the date he reaches Normal Retirement Age or Early Retirement Age shall be 100%.
The Vesting Percentage for a Participant who is an Employee on the date he
becomes Totally and Permanently Disabled or dies shall be 100%.

         If the schedule used to determine a Participant's Vesting Percentage is
changed, the new schedule shall not apply to a Participant unless he is credited
with an Hour-of-Service on or after the date of the change and the Participant's
nonforfeitable percentage on the day before the date of the change is not
reduced under this Plan. The amendment provisions of the AMENDMENTS SECTION of
Article X regarding changes in the computation of the Vesting Percentage shall
apply.

         Vesting Service means one year of service for each Vesting Computation
Period in which an Employee is credited with at least 1,000 Hours-of-Service.

         However, Vesting Service is modified as follows:

         Service with a Predecessor Employer which did not maintain this Plan
included:

         An Employee's service with a Predecessor Employer which did not
maintain this Plan shall be included as service with the Employer. An Employee's
service with such Predecessor Employer shall be counted only if service
continued with the Employer without interruption. This service includes service
performed while a proprietor or partner.

         Period of Military Duty included:

         A Period of Military Duty shall be included as service with the
Employer to the extent it has not already been credited. For purposes of
crediting Hours-of-Service during the Period of Military Duty, an
Hour-of-Service shall be credited (without regard to the 501 Hour-of-Service
limitation) for each hour art Employee would normally have been scheduled to
work for the Employer during such Period

         Controlled Group service included:

                                       19
<PAGE>

         An Employee's service with a member firm of a Controlled Group while
both that firm and the Employer were members of the Controlled Group shall be
included as service with the Employer.

         Voluntary Contributions means contributions by a Participant that are
not required as a condition of employment, of participation, or for obtaining
additional benefits from the Employer Contributions. See the VOLUNTARY
CONTRIBUTIONS BY PARTICIPANTS SECTION of Article III.

         Yearly Date means January 1, 2000, and the same day of each following
year.

         Years of Service means an Employee's Vesting Service disregarding any
modifications which exclude service.

         ARTICLE II PARTICIPATION

         SECTION 2.01--ACTIVE PARTICIPANT.

         (a) An Employee shall first become an Active Participant (begin active
participation in the Plan) on the earliest date on which he is an Eligible
Employee and has met both of the eligibility requirements set forth below. This
date is his Entry Date.

         (1) He has completed 3 months of Eligibility Service before his Entry
Date.

         (2) He is age 21 or older.

         The requirement in item (1) above is waived on January 1, 2000. This
date shall be an Entry Date if the Eligible Employee has met all the other
eligibility requirements.

         The requirement in item (1) above will be waived on the date of an
acquisition or merger for former employees of the acquired or merged company.
This date shall be an Entry Date if the Eligible Employee has met all the other
eligibility requirements.

         If service with a Predecessor Employer is counted for purposes of
Eligibility Service, an Employee shall be credited with such service on the date
he becomes an Employee and shall become an Active Participant on the earliest
date on which he is an Eligible Employee and has met all of the eligibility
requirements above. This date is his Entry Date.

         In the event an Employee who is not an Eligible Employee becomes an
Eligible Employee, such Eligible Employee shall become an Active Participant
immediately if such Eligible Employee has satisfied the eligibility requirements
above and would have otherwise previously become an Active Participant had he
met the definition of Eligible Employee. This date is his Entry Date.

         (b) An Inactive Participant shall again become an Active Participant
(resume active participation in the Plan) on the date he again performs an
Hour-of-Service as an Eligible Employee. This date is his Reentry Date.

                                       20
<PAGE>

         Upon again becoming an Active Participant, he shall cease to be an
Inactive Participant.

         (c) A former Participant shall again become an Active Participant
(resume active participation in the Plan) on the date he again performs an
Hour-of-Service as an Eligible Employee. This date is his Reentry Date.

         There shall be no duplication of benefits for a Participant under this
Plan because of more than one period as an Active Participant.

         SECTION 2.02--INACTIVE PARTICIPANT.

         An Active Participant shall become an inactive Participant (stop
accruing benefits under the Plan) on the earlier of the following:

         (a) the date the Participant ceases to be an Eligible Employee, or

         (b) the effective date of complete termination of the Plan under
Article VIII.

         SECTION 2.03--CESSATION OF PARTICIPATION

         A Participant shall cease to be a Participant on the date he is no
longer an Eligible Employee and his Account is zero.

         SECTION 2.04--ADOPTING EMPLOYERS - SINGLE PLAN.

         Each of the Controlled Group members listed below is an Adopting
Employer. Each Adopting Employer listed below participates with the Employer in
this Plan. An Adopting Employer's agreement to participate in this Plan shall be
in writing.

         The Employer has the right to amend the Plan. An Adopting Employer does
not have the right to amend the Plan.

         If the Adopting Employer did not maintain its plan before its date of
adoption specified below, its date of adoption shall be the Entry Date for any
of its Employees who have met the requirements in the ACTIVE PARTICIPANT SECTION
of Article II as of that date. Service with and Compensation from an Adopting
Employer shall be included as service with and Compensation from the Employer.
Transfer of employment, without interruption, between an Adopting Employer and
another Adopting Employer or the Employer shall not be considered an
interruption of service. The Employer's Fiscal Year defined in the DEFINITIONS
SECTION of Article I shall be the Fiscal Year used in interpreting this Plan for
Adopting Employers.

         Contributions made by an Adopting Employer shall be treated as
Contributions made by the Employer. Forfeitures arising from those Contributions
shall be used for the benefit of all Participants.

         An employer shaft not be an Adopting Employer if it ceases to be a
Controlled Group member. Such an employer may continue a retirement plan for its
Employees in the form of a separate document. This Plan shall be amended to
delete a former Adopting Employer from the list below.

                                       21
<PAGE>

         If (i) an employer ceases to be an Adopting Employer or the Plan is
amended to delete an Adopting Employer and (ii) the Adopting Employer does not
continue a retirement plan for the benefit of its Employees, partial termination
may result and the provisions of Article VIII shall apply.

         ADOPTING EMPLOYERS

         NAME       DATE OF ADOPTION

         TCOM, INC. January 1, 2000

         ARTICLE III

         CONTRIBUTIONS

         SECTION 3.01--EMPLOYER CONTRIBUTIONS.

         Employer Contributions are conditioned on initial qualification of the
Plan. If the Plan is denied initial qualification, the provisions of the
QUALIFICATION OF PLAN SECTION of Article X shall apply.

         Employer Contributions shall be made without regard to current or
accumulated net income, earnings or profits of the Employer. Notwithstanding the
foregoing, the Plan shall continue to be designed to qualify as a profit sharing
plan for purposes of Code Sections 401(a), 402, 412, and 417. Such Contributions
shall be equal to the Employer Contributions as described below:

         (a) The amount of each Elective Deferral Contribution for a Participant
shall be equal to a portion of Compensation as specified in the elective
deferral agreement. An Employee who is eligible to participate in the Plan may
file an elective deferral agreement with the Employer. The Participant shall
modify or terminate the elective deferral agreement by filing a new elective
deferral agreement. The elective deferral agreement may not be made
retroactively and shall remain in effect until modified or terminated.

         The elective deferral agreement to start or modify Elective Deferral
Contributions shall be effective on the first day of the first pay period
following the pay period in which the Participant's Entry Date (Reentry Date, if
applicable) or any following date occurs. The elective deferral agreement must
be entered into on or before the date it is effective.

         The elective deferral agreement to stop Elective Deferral Contributions
may be entered into on any date. Such elective deferral agreement shall be
effective on the first day of the pay period following the pay period in which
the elective deferral agreement is entered into.

         Elective Deferral Contributions cannot be more than 15% of Compensation
for the pay period.

                                       22
<PAGE>

         Elective Deferral Contributions are fully (100%) vested and
nonforfeitable.

         (b) The Employer shall make Matching Contributions in an amount equal
to 50% of Elective Deferral Contributions. Elective Deferral Contributions which
are over 6% of Compensation won't be matched.

         Matching Contributions are calculated based on Elective Deferral
Contributions and Compensation for the pay period. Matching Contributions are
made for all persons who were Active Participants at any time during that pay
period.

         Matching Contributions are subject to the Vesting Percentage.

         (c) Qualified Nonelective Contributions may be made for each Plan Year
in an amount determined by the Employer.

         Discretionary Qualified Nonelective Contributions may be made for each
Plan Year in an amount determined by the Employer to be used to reduce Excess
Aggregate Contributions and Excess Contributions, as defined in the EXCESS
AMOUNTS SECTION of this article. Such Contributions are in addition to the
Qualified Nonelective Contributions determined above, if any.

         Qualified Nonelective Contributions are 100% vested and subject to the
distribution restrictions of Code Section 401(k) when made.

         No Participant shall be permitted to have Elective Deferral
Contributions, as defined in the EXCESS AMOUNTS SECTION of this article, made
under this Plan, or any other qualified plan maintained by the Employer, during
any taxable year, in excess of the dollar limitation contained in Code Section
402(g) in effect at the beginning of such taxable year.

         An elective deferral agreement (or change thereto) must be made in such
manner and in accordance with such rules as the Employer may prescribe
(including by means of voice response or other electronic system under
circumstances the Employer permits) and may not be made retroactively.

         Employer Contributions are allocated according to the provisions of the
ALLOCATION SECTION of this article.

         The Employer may make all or any portion of the Matching Contributions,
which are to be invested in Qualifying Employer Securities, to the Trustee in
the form of Qualifying Employer Securities.

         A portion of the Plan assets resulting from Employer Contributions (but
not more than the original amount of those Contributions) may be returned if the
Employer Contributions are made because of a mistake of fact or are more than
the amount deductible under Code Section 404 (excluding any amount which is not
deductible because the Plan is disqualified). The amount involved must be
returned to the Employer within one year after the date the Employer
Contributions are made by mistake of fact or the date the deduction is
disallowed, whichever applies. Except as provided under this paragraph and
Articles VIII and X, the assets of the Plan shall never be used for the benefit
of the Employer and are held for the exclusive purpose of providing benefits to
Participants and their Beneficiaries and for defraying reasonable expenses of
administering the Plan.

                                       23
<PAGE>

         SECTION 3.01A--VOLUNTARY CONTRIBUTIONS BY PARTICIPANTS.

         An Active Participant may make Voluntary Contributions in accordance
with nondiscriminatory procedures set up by the Plan Administrator.

         A Participant's participation in the Plan is not affected by stopping
or changing Voluntary Contributions. An Active Participant's request to stat,
change or stop his Voluntary Contributions must be made in a manner and in
accordance with such rules as the Employer may prescribe (including by means of
voice response or other electronic system under circumstances the Employer
permits).

         Voluntary Contributions shall be credited to the Participant's Account
when made.

         The part of the Participant's Account resulting from Voluntary
Contributions is fully (100%) vested and nonforfeitable at all times.

         SECTION 3.01B--ROLLOVER CONTRIBUTIONS.

         A Rollover Contribution may be made by an Eligible Employee or an
Inactive Participant if the following conditions are met:

         (a) The Contribution is of amounts distributed from a plan that
satisfies the requirements of Code Section 401(a) or from a "conduit" individual
retirement account described in Code Section 408(d)(3)(A). In the case of an
Inactive Participant, the Contribution must be of an amount distributed from
another plan of the Employer, or a plan of a Controlled Group member, that
satisfies the requirements of Code Section 401(a).

         (b) The Contribution is of amounts that the Code permits to be
transferred to a plan that meets the requirements of Code Section 401(a).

         (c) The Contribution is made in the form of a direct rollover under
Code Section 401(a)(31) or is a rollover made under 402(c) or 408(d)(3)(A)
within 60 days after the Eligible Employee or Inactive Participant receives the
distribution.

         (d) The Eligible Employee or Inactive Participant furnishes evidence
satisfactory to the Plan Administrator that the proposed rollover meets
conditions (a), (b), and (c) above.

         A Rollover Contribution shall be allowed in cash only and must be made
according to procedures set up by the Plan Administrator.

         If the Eligible Employee is not an Active Participant when the Rollover
Contribution is made, he shall be deemed to be an Active Participant only for
the purpose of investment and distribution of the Rollover Contribution.
Employer Contributions shall not be made for or allocated to the Eligible
Employee and he may not make Participant Contributions until the time he meets
all of the requirements to become an Active Participant.

                                       24
<PAGE>

         Rollover Contributions made by an Eligible Employee or an Inactive
Participant shall be credited to his Account. The part of the Participant's
Account resulting from Rollover Contributions is fully (100%) vested and
nonforfeitable at all times. A separate accounting record shall be maintained
for that part of his Rollover Contributions consisting of voluntary
contributions which were deducted from the Participant's gross income for
Federal income tax purposes.

         SECTION 3.02--FORFEITURES.

         The Nonvested Account of a Participant shall be forfeited as of the
earlier of the following:

         (a) the date the Participant dies (if prior to such date he had ceased
to be an Employee), or

         (b) the Participant's Forfeiture Date.

         All or a portion of a Participant's Nonvested Account shall be
forfeited before such earlier date if, after he ceases to be an Employee, he
receives, or is deemed to receive, a distribution of his entire Vested Account
or a distribution of his Vested Account derived from Employer Contributions
which were not 100% vested when made, under the RETIREMENT BENEFITS SECTION of
Article V, the VESTED BENEFITS SECTION of Article V, or the SMALL AMOUNTS
SECTION of Article X. The forfeiture shall occur as of the date the Participant
receives, or is deemed to receive, the distribution. If a Participant receives,
or is deemed to receive, his entire Vested Account, his entire Nonvested Account
shall be forfeited. If a Participant receives a distribution of his Vested
Account from Employer Contributions which were not 100% vested when made, but
less than his entire Vested Account from such Contributions, the amount to be
forfeited shall be determined by multiplying his Nonvested Account from such
Contributions by a fraction. The numerator of the fraction is the amount of the
distribution derived from Employer Contributions which were not 100% vested when
made and the denominator of the fraction is his entire Vested Account derived
from such Contributions on the date of distribution.

         A Forfeiture shall also occur as provided in the EXCESS AMOUNTS SECTION
of this article.

         Forfeitures shall be determined at least once during each Plan Year.
Forfeitures may first be used to pay administrative expenses. Forfeitures of
Matching Contributions which relate to excess amounts as provided in the EXCESS
AMOUNTS SECTION of this article, which have not been used to pay administrative
expenses, shall be applied to reduce the earliest Employer Contributions made
after the Forfeitures are determined. Any other Forfeitures which have not been
used to pay administrative expenses shall be applied to reduce the earliest
Employer Contributions made after the Forfeitures are determined. Upon their
application to reduce Employer Contributions, Forfeitures shall be deemed to be
Employer Contributions.

                                       25
<PAGE>

         If a Participant again becomes an Eligible Employee after receiving a
distribution which caused all or a portion of his Vested Account to be
forfeited, he shall have the right to repay to the Plan the entire amount of the
distribution he received (excluding any amount of such distribution resulting
from Contributions which were 100% vested when made). The repayment must be made
in a single sum (repayment in installments is not permitted) before the earlier
of the date five years after the date he again becomes an Eligible Employee or
the end of the first period of five consecutive Vesting Breaks in Service which
begin after the date of the distribution.

         If the Participant makes the repayment above, the Plan Administrator
shall restore to his Account an amount equal to his Nonvested Account which was
forfeited on the date of distribution, unadjusted for any investment gains or
losses. If no amount is to be repaid because the Participant was deemed to have
received a distribution, or only received a distribution of Contributions which
were 100% vested when made, and he again performs an Hour-of-Service as an
Eligible Employee within the repayment period, the Plan Administrator shall
restore the Participant's Account as if he had made a required repayment on the
date he performed such Hour-of-Service. Restoration of the Participant's Account
shall include restoration of all Code Section 411 (d)(6) protected benefits with
respect to that restored Account, according to applicable Treasury regulations.
Provided, however, the Plan Administrator shall not restore the Nonvested
Account if (i) a Forfeiture Date has occurred after the date of the distribution
and on or before the date of repayment and (ii) that Forfeiture Date would
result in a complete forfeiture of the amount the Plan Administrator would
otherwise restore.

         The Plan Administrator shall restore the Participant's Account by the
close of the Plan Year following the Plan Year in which repayment is made.
Permissible sources for the restoration of the Participant's Account are
Forfeitures or special Employer Contributions. Such special Employer
Contributions shall be made without regard to profits. The repaid and restored
amounts are not included in the Participant's Annual Additions, as defined in
the CONTRIBUTION LIMITATION SECTION of this article.

         SECTION 3.03--ALLOCATION.

         A person meets the allocation requirements of this section if he is an
Active Participant on the last day of the Plan Year.

         Elective Deferral Contributions shall be allocated to Participants for
whom such Contributions are made under the EMPLOYER CONTRIBUTIONS SECTION of
this article. Such Contributions shall be allocated when made and credited to
the Participant's Account.

         Matching Contributions shall be allocated to the persons for whom such
Contributions are made under the EMPLOYER CONTRIBUTIONS SECTION of this article.
Such Contributions shall be allocated when made and credited to the person's
Account.

                                       26
<PAGE>

         The discretionary Qualified Nonelective Contributions to be used to
reduce excess amounts, as described in the EMPLOYER CONTRIBUTIONS SECTION of
this article, which are in addition to any other Qualified Nonelective
Contributions described in such section shall be allocated as of the last day of
the Plan Year only to Nonhighly Compensated Employees who meet the allocation
requirements of this section. Such Contributions shall be allocated first to the
eligible person with the lowest Annual Compensation for the Plan Year, then to
the eligible person with the next lowest Annual Compensation, and so forth, in
each case subject to the applicable limits of the CONTRIBUTION LIMITATION
SECTION of this article. This amount shall be credited to the person's Account.

         Qualified Nonelective Contributions other than the discretionary
Qualified Nonelective Contributions to be used to reduce excess amounts, as
described in the EMPLOYER CONTRIBUTIONS SECTION of this article, shall be
allocated as of the last day of the Plan Year to each person who meets the
allocation requirements of this section. Such Qualified Nonelective
Contributions shall be allocated only to Nonhighly Compensated Employees. The
amount allocated to such person for the Plan Year shall be equal to such
Qualified Nonelective Contributions multiplied by the ratio of such person's
Annual Compensation for the Plan Year to the total Annual Compensation of all
such persons. This amount shall be credited to the person's Account.

         If Leased Employees are Eligible Employees, in determining the amount
of Employer Contributions allocated to a person who is a Leased Employee,
contributions provided by the leasing organization which are attributable to
services such Leased Employee performs for the Employer shall be treated as
provided by the Employer. Those contributions shall not be duplicated under this
Plan.

         SECTION 3.04--CONTRIBUTION LIMITATION.

         (a) Definitions. For the purpose of determining the contribution
limitation set forth in this section, the following terms are defined.

         Annual Additions means the sum of the following amounts credited to a
Participant's account for the Limitation Year:

         (1) employer contributions;

         (2) employee contributions; and

         (3) forfeitures.

         Annual Additions to a defined contribution plan shall also include the
following:

         (4) amounts allocated, after March 31, 1984, to an individual medical
account, as defined in Code Section 415(l)(2), which are part of a pension or
annuity plan maintained by the Employer,

         (5) amounts derived from contributions paid or accrued after December
31, 1985, in taxable years ending after such date, which are attributable to
post-retirement medical benefits, allocated to the separate account of a key
employee, as defined in Code Section 419A(d)(3), under a welfare benefit fund,
as defined in Code Section 419(e), maintained by the Employer; and

                                       27
<PAGE>

         (6) allocations under a simplified employee pension.

         For this purpose, any Excess Amount applied under (e) below in the
Limitation Year to reduce Employer Contributions shall be considered Annual
Additions for such Limitation Year.

         Compensation means wages within the meaning of Code Section 3401(a) and
all other payments of compensation to an Employee by the Employer (in the course
of the Employer's trade or business) for which the Employer is required to
furnish the Employee a written statement under Code Sections 6041(d),
6051(a)(3), and 6052. Compensation must be determined without regard to any
rules under Code Section 3401(a) that limit the remuneration included in wages
based on the nature or location of the employment or the services performed
(such as the exception for agricultural labor in Code Section 3401(a)(2)). The
amount reported in the "Wages, Tips and Other Compensation" box on Form W-2
satisfies this definition.

         For any Self-employed Individual, Compensation shall mean Earned
Income.

         For purposes of applying the limitations of this section, Compensation
for a Limitation Year is the Compensation actually paid or made available in
gross income during such Limitation Year.

         For Limitation Years beginning after December 31, 1997, for purposes of
applying the limitations of this section, Compensation paid or made available
during such Limitation Year shall include any elective deferral (as defined in
Code Section 402(g)(3)), and any amount which is contributed or deferred by the
Employer at the election of the Employee and which is not includible in the
gross income of the Employee by reason of Code Section 125, 132(f)(4), or 457.

         Defined Contribution Dollar Limitation means, for Limitation Years
beginning after December 31, 1994, $30,000, as adjusted under Code Section
415(d).

         Employer means the employer that adopts this Plan, and all members of a
controlled group of corporations (as defined in Code Section 414(b) as modified
by Code Section 415(h)), all commonly controlled trades or businesses (as
defined in Code Section 415(c) as modified by Code Section 415(h)) or affiliated
service groups (as defined in Code Section 414(m)) of which the adopting
employer is a part, and any other entity required to be aggregated with the
employer pursuant to regulations under Code Section 414(o).

         Excess Amount means the excess of the Participant's Annual Additions
for the Limitation Year over the Maximum Permissible Amount.

         Limitation Year means the consecutive 12-month period ending on each
December 31. It the Limitation Year is other than the calendar year, execution
of this Plan (or any amendment to this Plan changing the Limitation Year)
constitutes the Employer's adoption of a written resolution electing the
Limitation Year. If the Limitation Year is amended to a different consecutive
12-month period, the new Limitation Year must begin on a date within the
Limitation Year in which the amendment is made.

                                       28
<PAGE>

         Maximum Permissible amount means the maximum Annual Addition that may
be contributed or allocated to a Participant's Account under the Plan for any
Limitation Year. This amount shall not exceed the lesser of:

         (1) The Defined Contribution Dollar Limitation, or

         (2) 25 percent of the Participant's Compensation for the Limitation
Year.

         The compensation limitation referred to in (2) shall not apply to any
contribution for medical benefits (within the meaning of Code Section 401(h) or
419(f)(2)) which is otherwise treated as an Annual Addition under Code Section
415(l)(1) or 419A(d)(2).

         If a short Limitation Year is created because of an amendment changing
the Limitation Year to a different consecutive 12-month period, the Maximum
Permissible Amount will not exceed the Defined Contribution Dollar Limitation
multiplied by the following fraction:

         Number of months in the short Limitation Year

         12

         (b) If the Participant does not participate in, and has never
participated in, another qualified plan maintained by the Employer or a welfare
benefit fund, as defined in Code Section 419(e), maintained by the Employer, or
an individual medical account, as defined in Code Section 415(l)(2), maintained
by the Employer, or a simplified employee pension, as defined in Code Section
408(k), maintained by the Employer, which provides an Annual Addition, the
amount of Annual Additions which may be credited to the Participant's Account
for any Limitation Year shall not exceed the lesser of the Maximum Permissible
Amount or any other limitation contained in this Plan. If the Employer
Contribution that would otherwise be contributed or allocated to the
Participant's Account would cause the Annual Additions for the Limitation Year
to exceed the Maximum Permissible Amount, the amount contributed or allocated
shall be reduced so that the Annual Additions for the Limitation Year will equal
the Maximum Permissible Amount.

         (c) Prior to determining the Participant's actual Compensation for the
Limitation Year, the Employer may determine the Maximum Permissible Amount for a
Participant on the basis of a reasonable estimation of the Participant's
Compensation for the Limitation Year, uniformly determined for all Participants
similarly situated.

         (d) As soon as is administratively feasible after the end of the
Limitation Year, the Maximum Permissible Amount for the Limitation Year will be
determined on the basis of the Participant's actual Compensation for the
Limitation Year.

         (e) If a reasonable error in estimating a Participant's Compensation
for the Limitation Year, a reasonable error in determining the amount of
elective deferrals (within the meaning of Code Section 402(g)(3)) that may be
made with respect to any individual under the limits of Code Section 415, or
under other facts and circumstances allowed by the Internet Revenue Service,
there is an Excess Amount, the excess will be disposed of as follows:

                                       29
<PAGE>

         (1) Any nondeductible Voluntary Contributions (plus attributable
earnings), to the extent they would reduce the Excess Amount, will be returned
(distributed, in the case of earnings) to the Participant.

         (2) If after the application of (1) above an Excess Amount still
exists, any Elective Deferral Contributions that are not the basis for Matching
Contributions (plus attributable earnings), to the extent they would reduce the
Excess Amount, will be distributed to the Participant.

         (3) If after the application of (2) above an Excess Amount still
exists, any Elective Deferral Contributions that are the basis for Matching
Contributions (plus attributable earnings), to the extent they would reduce the
Excess Amount, will be distributed to the Participant. Concurrently with the
distribution of such Elective Deferral Contributions, any Matching Contributions
which relate to any Elective Deferral Contributions distributed in the preceding
sentence, to the extent such application would reduce the Excess Amount, will be
applied as provided in (4) or (5) below:

         (4) If after the application of (3) above an Excess Amount still
exists, and the Participant is covered by the Plan at the end of the Limitation
Year, the Excess Amount in the Participant's Account will be used to reduce
Employer Contributions for such Participant in the next Limitation Year, and
each succeeding Limitation Year if necessary.

         (5) If after the application of (3) above an Excess Amount still
exists, and the Participant is not covered by the Plan at the end of the
Limitation Year, the Excess Amount will be held unallocated in a suspense
account. The suspense account will be applied to reduce future Employer
Contributions for all remaining Participants in the next Limitation Year, and
each succeeding Limitation Year if necessary.

         (6) If a suspense account is in existence at any time during a
Limitation Year pursuant to this (e), it will participate in the allocation of
investment gains or losses. If a suspense account is in existence at any time
during a particular Limitation Year, all amounts in the suspense account must be
allocated and reallocated to Participant's Accounts before any Employer
Contributions or any Participant Contributions may be made to the Plan for that
Limitation Year. Excess Amounts held in a suspense account may not be
distributed to Participants or former Participants.

         (f) This (f) applies if, in addition to this Plan, the Participant is
covered under another qualified defined contribution plan maintained by the
Employer, a welfare benefit fund maintained by the Employer, an individual
medical account maintained by the Employer, or a simplified employee pension
maintained by the Employer which provides an Annual Addition during any
Limitation Year. The aggregate Annual Additions under all such qualified defined
contribution plans, welfare benefit funds, individual medical accounts, and
simplified employee pensions for the Limitation Year will not exceed the Maximum
Permissible Amount. Any reduction necessary shall be made first to the profit
sharing plans, then to all other such qualified defined contribution plans and
welfare benefit funds, individual medical accounts, and simplified employee
pensions and, if necessary, by reducing first those that were most recently
allocated. Welfare benefit funds and individual medical accounts shall be deemed
to be allocated first. However, Elective Deferral Contributions shall be the
last contributions reduced before the welfare benefit fund or individual medical
account is reduced.

                                       30
<PAGE>

         SECTION 3.05--EXCESS AMOUNTS.

         (a) Definitions. For the purposes of this section, the following terms
are defined:

         ACP means the average (expressed as a percentage) of the Contribution
Percentages of the Eligible Participants in a group.

         ADP means the average (expressed as a percentage) of the Deferral
Percentages of the Eligible Participants in a group.

         Aggregate Limit means the greater of:

         (1) The sum of:

         (i) 125 percent of the greater of the ADP of the Nonhighly Compensated
Employees for the prior Plan Year or the ACP of the Nonhighly Compensated
Employees under the plan subject to Code Section 401(m) for the Plan Year
beginning with or within the prior Plan Year of the cash or deferred
arrangement, and

         (ii) the lesser of 200 percent or 2 percent plus the lesser of such ADP
or ACP.

         (2) The sum of:

         (i) 125 percent of the lesser of the ADP of the Nonhighly Compensated
Employees for the prior Plan Year or the ACP of the Nonhighly Compensated
Employees under the plan subject to Code Section 401(m) for the Plan Year
beginning with or within the prior Plan Year of the cash or deferred
arrangement, and

         (ii) the lesser of 200 percent or 2 percent plus the greater of such
ADP or ACP.

         If the Employer has elected to use the current testing method, then, in
calculating the Aggregate Limit for a particular Plan Year, the Nonhighly
Compensated Employees' ADP and ACP for that Plan Year, instead of the prior Plan
Year, is used.

         Contribution Percentage means the ratio (expressed as a percentage) of
the Eligible Participant's Contribution Percentage Amounts to the Eligible
Participant's Compensation for the Plan Year (whether or not the Eligible
Participant was an Eligible Participant for the entire Plan Year). In
modification of the foregoing, Compensation shall be limited to the Compensation
received while an Eligible Participant. For an Eligible Participant for whom
such Contribution Percentage Amounts for the Plan Year are zero, the percentage
is zero.

                                       31
<PAGE>

         Contribution Percentage Amounts means the sum of the Participant
Contributions and Matching Contributions (that are not Qualified Matching
Contributions taken into account for purposes of the ADP Test) made under the
Plan on behalf of the Eligible Participant for the Plan Year. Such Contribution
Percentage Amounts shall not include Matching Contributions that are forfeited
either to correct Excess Aggregate Contributions or because the Contributions to
which they relate are Excess Elective Deferrals, Excess Contributions, or Excess
Aggregate Contributions. Under such rules as the Secretary of the Treasury shall
prescribe, in determining the Contribution Percentage the Employer may elect to
include Qualified Nonelective Contributions under this Plan which were not used
in computing the Deferral Percentage. The Employer may also elect to use
Elective Deferral Contributions in computing the Contribution Percentage so long
as the ADP Test is met before the Elective Deferral Contributions are used in
the ACP Test and continues to be met following the exclusion of those Elective
Deferral Contributions that are used to meet the ACP Test.

         Deferral Percentage means the ratio (expressed as a percentage) of
Elective Deferral Contributions under this Plan on behalf of the Eligible
Participant for the Plan Year to the Eligible Participant's Compensation for the
Plan Year (whether or not the Eligible Participant was an Eligible Participant
for the entire Plan Year). In modification of the foregoing, Compensation shall
be limited to the Compensation received while an Eligible Participant. The
Elective Deferral Contributions used to determine the Deferral Percentage shall
include Excess Elective Deferrals (other then Excess Elective Deferrals of
Nonhighly Compensated Employees that arise solely from Elective Deferral
Contributions made under this Plan or any other plans of the Employer or a
Controlled Group member), but shall exclude Elective Deferral Contributions that
are used in computing the Contribution Percentage (provided the ADP Test is
satisfied both with and without exclusion of these Elective Deferral
Contributions). Under such rules as the Secretary of the Treasury shall
prescribe, the Employer may elect to include Qualified Nonelective Contributions
and Qualified Matching Contributions under this Plan in computing the Deferral
Percentage. For an Eligible Participant for whom such contributions on his
behalf for the Plan Year are zero, the percentage is zero.

         Elective Deferral Contributions means any employer contributions made
to a plan at the election of a participant, in lieu of cash compensation, and
shall include contributions made pursuant to a salary reduction agreement or
other deferral mechanism. With respect to any taxable year, a participant's
Elective Deferral Contributions are the sum of all employer contributions made
on behalf of such participant pursuant to an election to defer under any
qualified cash or deferred arrangement described in Code Section 401(k), any
salary reduction simplified employee pension plan described in Code Section
408(k)(6), any SIMPLE IRA plan described in Code Section 408(p), any eligible
deferred compensation plan under Code Section 457, any plan described under Code
Section 501(c)(18), and any employer contributions made on behalf of a
participant for the purchase of an annuity contract under Code Section 403(b)
pursuant to a salary reduction agreement. Elective Deferral Contributions shall
not include any deferrals properly distributed as excess annual additions.

         Eligible Participant means, for purposes of determining the Deferral
Percentage, any Employee who is otherwise entitled to make Elective Deferral
Contributions under the terms of the Plan for the Plan Year. Eligible
Participant means, for purposes of determining the Contribution Percentage, any
Employee who is eligible (i) to make a Participant Contribution or an Elective
Deferral Contribution (if the Employer takes such contributions into account in
the calculation of the Contribution Percentage), or (ii) to receive a Matching
Contribution (including forfeitures) or a Qualified Matching Contribution. If a
Participant Contribution is required as a condition of participation in the
Plan, any Employee who would be a Participant in the Plan if such Employee made
such a contribution shall be treated as an Eligible Participant on behalf of
whom no Participant Contributions are made.

                                       32
<PAGE>

         Excess Aggregate Contributions means, with respect to any Plan Year,
the excess of:

         (1) The aggregate Contribution Percentage Amounts taken into account in
computing the numerator of the Contribution Percentage actually made on behalf
of Highly Compensated Employees for such Plan Year, over

         (2) The maximum Contribution Percentage Amounts permitted by the ACP
Test (determined by hypothetically reducing contributions made on behalf of
Highly Compensated Employees in order of their Contribution Percentages
beginning with the highest of such percentages).

         Such determination shall be made after first determining Excess
Elective Deferrals and then determining Excess Contributions.

         Excess Contributions means, with respect to any Plan Year, the excess
of:

         (1) The aggregate amount of employer contributions actually taken into
account in computing the Deferral Percentage of Highly Compensated Employees for
such Plan Year, over

         (2) The maximum amount of such contributions permitted by the ADP Test
(determined by hypothetically reducing contributions made on behalf of Highly
Compensated Employees in the order of the Deferral Percentages. beginning with
the highest of such percentages).

         Such determination shall be made after first determining Excess
Elective Deferrals.

         Excess Elective Deferrals means those Elective Deferral Contributions
that are includible in a Participant's gross income under Code Section 402(g) to
the extent such Participant's Elective Deferral Contributions for a taxable year
exceed the dollar limitation under such Code section. Excess Elective Deferrals
shall be treated as Annual Additions, as defined in the CONTRIBUTION LIMITATION
SECTION of this article, under the Plan, unless such amounts are distributed no
later than the first April 15 following the close of the Participant's taxable
year.

         Matching Contributions means employer contributions made to this or any
other defined contribution plan, or to a contract described in Code Section
403(b), on behalf of a participant on account of a Participant Contribution made
by such participant, or on account of a participant's Elective Deferral
Contributions, under a plan maintained by the Employer or a Controlled Group
member.

         Participant Contributions means contributions made to the plan by or on
behalf of a participant that are included in the participant's gross income in
the year in which made and that are maintained under a separate account to which
the earnings and losses are allocated.

         Qualified Matching Contributions means Matching Contributions which are
subject to the distribution and nonforfeitability requirements under Code
Section 401(k) when made.

                                       33
<PAGE>

         Qualified Nonelective Contributions means any employer contributions
(other than Matching Contributions) which an employee may not elect to have paid
to him in cash instead of being contributed to the plan and which are subject to
the distribution and nonforfeitability requirements under Code Section 401(k)
when made.

         (b) Excess Elective Deferrals. A Participant may assign to this Plan
any Excess Elective Deferrals made during a taxable year of the Participant by
notifying the Plan Administrator in writing on or before the first following
March 1 of the amount of the Excess Elective Deferrals to be assigned to the
Plan. A Participant is deemed to notify the Plan Administrator of any Excess
Elective Deferrals that arise by taking into account only those Elective
Deferral Contributions made to this Plan and any other plan of the Employer or a
Controlled Group member. The Participant's claim for Excess Elective Deferrals
shall be accompanied by the Participant's written statement that if such amounts
are not distributed, such Excess Elective Deferrals will exceed the limit
imposed on the Participant by Code Section 402(g) for the year in which the
deferral occurred. The Excess Elective Deferrals assigned to this Plan cannot
exceed the Elective Deferral Contributions allocated under this Plan for such
taxable year.

         Notwithstanding any other provisions of the Plan, Elective Deferral
Contributions in an amount equal to the Excess Elective Deferrals assigned to
this Plan, plus any income and minus any loss allocable thereto, shall be
distributed no later than April 15 to any Participant to whose Account Excess
Elective Deferrals were assigned for the preceding year and who claims Excess
Elective Deferrals for such taxable year.

         The Excess Elective Deferrals shall be adjusted for income or loss. The
income or loss allocable to such Excess Elective Deferrals shall be equal to the
income or loss allocable to the Participant's Elective Deferral Contributions
for the taxable year in which the excess occurred multiplied by a fraction. The
numerator of the fraction is the Excess Elective Deferrals. The denominator of
the fraction is the closing balance without regard to any income or loss
occurring during such taxable year (as of the end of such taxable year) of the
Participant's Account resulting from Elective Deferral Contributions.

         Any Matching Contributions which were based on the Elective Deferral
Contributions which are distributed as Excess Elective Deferrals, plus any
income and minus any loss allocable thereto, shall be forfeited.

         (c) ADP Test. As of the end of each Plan Year after Excess Elective
Deferrals have been determined, the Plan must satisfy the ADP Test. The ADP Test
shall be satisfied using the prior year testing method, unless the Employer has
elected to use the current year testing method.

         (1) Prior Year Testing Method.The ADP for a Plan Year for Eligible
Participants who are Highly Compensated Employees for each Plan Year and the
prior year's ADP for Eligible Participants who were Nonhighly Compensated
Employees for the prior Plan Year must satisfy one of the following tests:

                                       34
<PAGE>

         (i) The ADP for a Plan Year for Eligible Participants who are Highly
Compensated Employees for the Plan Year shall not exceed the prior year's ADP
for Eligible Participants who were Nonhighly Compensated Employees for the prior
Plan Year multiplied by 1.25; or

         (ii) The ADP for a Plan Year for Eligible Participants who are Highly
Compensated Employees for the Plan Year:

         A. shall not exceed the prior year's ADP for Eligible Participants who
were Nonhighly Compensated Employees for the prior Plan Year multiplied by 2,
and

         B. the difference between such ADPs is not more than 2.

         If this is not a successor plan, for the first Plan Year the Plan
permits any Participant to make Elective Deferral Contributions, for purposes of
the foregoing tests, the prior year's Nonhighly Compensated Employees' ADP shall
be 3 percent, unless the Employer has elected to use the Plan Year's ADP for
these Eligible Participants.

         (2) Current Year Testing Method. The ADP for a Plan Year for Eligible
Participants who are Highly Compensated Employees for each Plan Year and the ADP
for Eligible Participants who are Nonhighly Compensated Employees for the Plan
Year must satisfy one of the following tests:

         (i) The ADP for a Plan Year for Eligible Participants who are Highly
Compensated Employees for the Plan Year shall not exceed the ADP for Eligible
Participants who are Nonhighly Compensated Employees for the Plan Year
multiplied by 1.25; or

         (ii) The ADP for a Plan Year for Eligible Participants who are Highly
Compensated Employees for the Plan Year:

         A. shall not exceed the ADP for Eligible Participants who are Nonhighly
Compensated Employees for the Plan Year multiplied by 2, and

         B. the difference between such ADP's is not more than 2.

         If the Employer has elected to use the current year testing method,
that election cannot be changed unless (i) the Plan has been using the current
year testing method for the preceding five Plan Years, or if less, the number of
Plan Years the Plan has been in existence; or (ii) the Plan otherwise meets one
of the conditions specified in Internal Revenue Service Notice 98-1 (or
superseding guidance) for changing from the current year testing method.

         A Participant is a Highly Compensated Employee for a particular Plan
Year if he meets the definition of a Highly Compensated Employee in effect for
that Plan Year. Similarly, a Participant is a Nonhighly Compensated Employee for
a particular Plan Year if he does not meet the definition of a Highly
Compensated Employee in effect for that Plan Year.

                                       35
<PAGE>

         The Deferral Percentage for any Eligible Participant who is a Highly
Compensated Employee for the Plan Year and who is eligible to have Elective
Deferral Contributions (and Qualified Nonelective Contributions or Qualified
Matching Contributions, or both, if treated as Elective Deferral Contributions
for purposes of the ADP Test) allocated to his account under two or more
arrangements described in Code Section 401(k) that are maintained by the
Employer or a Controlled Group member shall be determined as if such Elective
Deferral Contributions (and, if applicable, such Qualified Nonelective
Contributions or Qualified Matching Contributions, or both) were made under a
single arrangement. If a Highly Compensated Employee participates in two or more
cash or deferred arrangements that have different plan years, all cash or
deferred arrangements ending with or within the same calendar year shall be
treated as a single arrangement. The foregoing notwithstanding, certain plans
shall be treated as separate if mandatorily disaggregated under the regulations
of Code Section 401(k). If the Employer elects to apply Code Section
410(b)(4)(B) to satisfy the requirements of Code Section 410(b), the Employer
may elect to do a single ADP Test for the mandatorily disaggregated plans for
Plan Years beginning after December 31, 1998 in accordance with Code Section
401(k) and the regulations thereunder.

         In the event this Plan satisfies the requirements of Code Section
401(k), 401(a)(4), or 410(b) only if aggregated with one or more other plans, or
if one or more other plans satisfy the requirements of such Code sections only
if aggregated with this Plan, then this section shall be applied by determining
the Deferral Percentage of Employees as if all such plans were a single plan.
Any adjustments to the Nonhighly Compensated Employee ADP for the prior year
shall be made in accordance with Internal Revenue Service Notice 98-1 (or
superseding guidance), unless the Employer has elected to use the current year
testing method. Plans may be aggregated in order to satisfy Code Section 401(k)
only if they have the same plan year and use the same testing method for the ADP
Test.

         For purposes of the ADP Test, Elective Deferral Contributions,
Qualified Nonelective Contributions, and Qualified Matching Contributions must
be made before the end of the 12-month period immediately following the Plan
Year to which the contributions relate.

         The Employer shall maintain records sufficient to demonstrate
satisfaction of the ADP Test and the amount of Qualified Nonelective
Contributions or Qualified Matching Contributions, or both, used in such test.

         If the Plan Administrator should determine during the Plan Year that
the ADP Test is not being met, the Plan Administrator may limit the amount of
future Elective Deferral Contributions of the Highly Compensated Employees.

         Notwithstanding any other provisions of this Plan, Excess
Contributions, plus any income and minus any loss allocable thereto, shall be
distributed no later than the last day of each Plan Year to Participants to
whose Accounts such Excess Contributions were allocated for the preceding Plan
Year. Excess Contributions are allocated to the Highly Compensated Employees
with the largest amounts of employer contributions taken into account in
calculating the ADP Test for the year in which the excess arose, beginning with
the Highly Compensated Employee with the largest amount of such employer
contributions and continuing in descending order until all of the Excess
Contributions have been allocated. For purposes of the preceding sentence, the
"largest amount" is determined after distribution of any Excess Contributions.
If such excess amounts are distributed more than 2 1/2 months after the last day
of the Plan Year in which such excess amounts arose, a 10 percent excise tax
shall be imposed on the employer maintaining the plan with respect to such
amounts.

                                       36
<PAGE>

         Excess Contributions shall be treated as Annual Additions, as defined
in the CONTRIBUTION LIMITATION SECTION of this article.

         The Excess Contributions shall be adjusted for income or loss. The
income or loss allocable to such Excess Contributions allocated to each
Participant shall be equal to the income or loss allocable to the Participant's
Elective Deferral Contributions (and, if applicable, Qualified Nonelective
Contributions or Qualified Matching Contributions, or both) for the Plan Year in
which the excess occurred multiplied by a fraction. The numerator of the
fraction is the Excess Contributions. The denominator of the fraction is the
closing balance without regard to any income or loss occurring during such Plan
Year (as of the end of such Plan Year) of the Participant's Account resulting
from Elective Deferral Contributions (and Qualified Nonelective Contributions or
Qualified Matching Contributions, or both, if such contributions are included in
the ADP Test).

         Excess Contributions allocated to a Participant shall be distributed
from the Participant's Account resulting from Elective Deferral Contributions.
If such Excess Contributions exceed the balance in the Participant's Account
resulting from Elective Deferral Contributions, the balance shall be distributed
from the Participant's Account resulting from Qualified Matching Contributions
(if applicable) and Qualified Nonelective Contributions, respectively.

         Any Matching Contributions which were based on the Elective Deferral
Contributions which are distributed as Excess Contributions, plus any income and
minus any loss allocable thereto, shall be forfeited.

         (d) ACP Test. As of the end of each Plan Year, the Plan must satisfy
the ACP Test. The ACP Test shall be satisfied using the prior year testing
method, unless the Employer has elected to use the current year testing method.

         (1) Prior Year Testing Method. The ACP for a Plan Year for Eligible
Participants who are Highly Compensated Employees for each Plan Year and the
prior year's ACP for Eligible Participants who were Nonhighly Compensated
Employees for the prior Plan Year must satisfy one of the following tests:

         (i) The ACP for the Plan Year for Eligible Participants who are Highly
Compensated Employees for the Plan Year shall not exceed the prior year's ACP
for Eligible Participants who were Nonhighly Compensated Employees for the prior
Plan Year multiplied by 1.25; or

         (ii) The ACP for a Plan Year for Eligible Participants who are Highly
Compensated Employees for the Plan Year:

         A. shall not exceed the prior year's ACP for Eligible Participants who
were Nonhighly Compensated Employees for the prior Plan Year multiplied by 2,
and

         B. the difference between such ACPs is not more than 2.

                                       37
<PAGE>

         If this is not a successor plan, for the first Plan Year the Plan
permits any Participant to make Participant Contributions, provides for Matching
Contributions, or both, for purposes of the foregoing tests, the prior year's
Nonhighly Compensated Employees' ACP shall be 3 percent, unless the Employer has
elected to use the Plan Year's ACP for these Eligible Participants.

         (2) Current Year Testing Method. The ACP for a Plan Year for Eligible
Participants who are Highly Compensated Employees for each Plan Year and the ACP
for Eligible Participants who are Nonhighly Compensated Employees for the Plan
Year must satisfy one of the following tests:

         (i) The ACP for a Plan Year for Eligible Participants who are Highly
Compensated Employees for the Plan Year shall not exceed the ACP for Eligible
Participants who are Nonhighly Compensated Employees for the Plan Year
multiplied by 1.25; or

         (ii) The ACP for a Plan Year for Eligible Participants who are Highly
Compensated Employees for the Plan Year:

         A. shall not exceed the ACP for Eligible Participants who are Nonhighly
Compensated Employees for the Plan Year multiplied by 2, and

         B. the difference between such ACPs is not more than 2.

         If the Employer has elected to use the current year testing method,
that election cannot be changed unless (i) the Plan has been using the current
year testing method for the preceding five Plan Years, or if less, the number of
Plan Years the Plan has been in existence; or (ii) the Plan otherwise meets one
of the conditions specified in Internal Revenue Service Notice 98-1 (or
superseding guidance) for changing from the current year testing method.

         A Participant is a Highly Compensated Employee for a particular Plan
Year if he meets the definition of a Highly Compensated Employee in effect for
that Plan Year. Similarly, a Participant is a Nonhighly Compensated Employee for
a particular Plan Year if he does not meet the definition of a Highly
Compensated Employee in effect for that Plan Year.

         Multiple Use. If one or more Highly Compensated Employees participate
in both a cash or deferred arrangement and a plan subject to the ACP Test
maintained by the Employer or a Controlled Group member, and the sum of the ADP
and ACP of those Highly Compensated Employees subject to either or both tests
exceeds the Aggregate Limit, then the Contribution Percentage of those Highly
Compensated Employees who also participate in a cash or deferred arrangement
will be reduced in the manner described below for allocating Excess Aggregate
Contributions so that the limit is not exceeded. The amount by which each Highly
Compensated Employee's Contribution Percentage is reduced shall be treated as an
Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated
Employees are determined after any corrections required to meet the ADP Test and
ACP Test and are deemed to be the maximum permitted under such tests for the
Plan Year. Multiple use does not occur if either the ADP or ACP of the Highly
Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP,
respectively, of the Nonhighly Compensated Employees.

                                       38
<PAGE>

         The Contribution Percentage for any Eligible Participant who is a
Highly Compensated Employee for the Plan Year and who is eligible to have
Contribution Percentage Amounts allocated to his account under two or more plans
described in Code Section 401(a) or arrangements described in Code Section
401(k) that are maintained by the Employer or a Controlled Group member shall be
determined as if the total of such Contribution Percentage Amounts was made
under each plan. If a Highly Compensated Employee participates in two or more
cash or deferred arrangements that have different plan years, all cash or
deferred arrangements ending with or within the same calendar year shall be
treated as a single arrangement. The foregoing notwithstanding, certain plans
shall be treated as separate if mandatorily disaggregated under the regulations
of Code Section 401(m). If the Employer elects to apply Code Section
410(b)(4)(B) to satisfy the requirements of Code Section 410(b), the Employer
may elect to do a single ACP Test for the mandatorily disaggregated plans for
Plan Years beginning after December 31, 1998 in accordance with Code Section
401(m) and the regulations thereunder.

         In the event this Plan satisfies the requirements of Code Section
401(m), 401(a)(4), or 410(b) only if aggregated with one or more other plans, or
if one or more other plans satisfy the requirements of such Code sections only
if aggregated with this Plan, then this section shall be applied by determining
the Contribution Percentage of Employees as if all such plans were a single
plan. Any adjustments to the Nonhighly Compensated Employee ACP for the prior
year shall be made in accordance with Internal Revenue Service Notice 98-1 (or
superseding guidance), unless the Employer has elected to use the current year
testing method. Plans may be aggregated in order to satisfy Code Section 401(m)
only if they have the same plan year and use the same testing method for the ACP
Test.

         For purposes of the ACP Test, Participant Contributions are considered
to have been made in the Plan Year in which contributed to the Plan. Matching
Contributions and Qualified Nonelective Contributions will be considered to have
been made for a Plan Year if made no later than the end of the 12-month period
beginning on the day after the close of the Plan Year.

         The Employer shall maintain records sufficient to demonstrate
satisfaction of the ACP Test and the amount of Qualified Nonelective
Contributions or Qualified Matching Contributions, or both, used in such test.

         Notwithstanding any other provisions of this Plan, Excess Aggregate
Contributions, plus any income and minus any loss allocable thereto, shall be
forfeited, if not vested, or distributed, if vested, no later than the last day
of each Plan Year to Participants to whose Accounts such Excess Aggregate
Contributions were allocated for the preceding Plan Year. Excess Aggregate
Contributions are allocated to the Highly Compensated Employees with the largest
Contribution Percentage Amounts taken into account in calculating the ACP Test
for the year in which the excess arose, beginning with the Highly Compensated
Employee with the largest amount of such Contribution Percentage Amounts and
continuing in descending order until all of the Excess Aggregate Contributions
have been allocated. For purposes of the preceding sentence, the "largest
amount" is determined after distribution of any Excess Aggregate Contributions.
If such Excess Aggregate Contributions are distributed more than 21/2 months
after the last day of the Plan Year in which such excess amounts arose, a 10
percent excise tax shall be imposed on the employer maintaining the plan with
respect to such amounts.

                                       39
<PAGE>

         Excess Aggregate Contributions shall be treated as Annual Additions, as
defined in the CONTRIBUTION LIMITATION SECTION of this article.

         The Excess Aggregate Contributions shall be adjusted for income or
loss. The income or loss allocable to such Excess Aggregate Contributions
allocated to each Participant shall be equal to the income or loss allocable to
the Participant's Contribution Percentage Amounts for the Plan Year in which the
excess occurred multiplied by a fraction. The numerator of the fraction is the
Excess Aggregate Contributions. The denominator of the fraction is the closing
balance without regard to any income or loss occurring during such Plan Year (as
of the end of such Plan Year) of the Participant's Account resulting from
Contribution Percentage Amounts.

         Excess Aggregate Contributions allocated to a Participant shall be
distributed from the Participant's Account resulting from Participant
Contributions that are not required as a condition of employment or
participation or for obtaining additional benefits from Employer Contributions.
If such Excess Aggregate Contributions exceed the balance in the Participant's
Account resulting from such Participant's Contributions, the balance shall be
forfeited, if not vested, or distributed, if vested, on a pro-rata basis from
the Participant's Account resulting from Contribution Percentage Amounts.

         (e) Employer Elections. The Employer has made an election to use the
current year testing method.

         ARTICLE IV

         INVESTMENT OF CONTRIBUTIONS

         SECTION 4.01--INVESTMENT AND TIMING OF CONTRIBUTIONS.

         The handling of Contributions is governed by the provisions of the
Trust Agreement, the Annuity Contract, the Custodial Agreement, and any other
funding arrangement in which the Plan Fund is or may be held or invested. To the
extent permitted by the Trust Agreement, Annuity Contract, Custodial Agreement,
or other funding arrangement, the parties named below shall direct the
Contributions to the guaranteed benefit policy portion of the Annuity Contract,
any of the investment options available under the Annuity Contract, or any of
the investment vehicles available under the Trust Agreement or Custodial
Agreement and may request the transfer of amounts resulting from those
Contributions between such investment options and investment vehicles or the
transfer of amounts between the guaranteed benefit policy portion of the Annuity
Contract and such investment options and investment vehicles. A Participant may
not direct the Trustee, Insurer, or Custodian to invest the Participant's
Account in collectibles. Collectibles mean any work of art, rug or antique,
metal or gem, stamp or coin, alcoholic beverage, or other tangible personal
property specified by, the Secretary of the Treasury. However, for tax years
beginning after December 31, 1997, certain coins and bullion as provided in Code
Section 408(m)(3) shall not be considered collectibles. To the extent that a
Participant who has investment direction fails to give timely direction, the
Primary Employer shall direct the investment of his Account. If the Primary
Employer has investment direction, such Account shall be invested ratably in the
guaranteed benefit policy portion of the Annuity Contract, the investment
options available under the Annuity Contract, or the investment vehicles
available under the Trust Agreement and Custodial Agreement in the same manner
as the Accounts of all other Participants who do not direct their investments.
The Primary Employer shall have investment direction for amounts which have not
been allocated to Participants. To the extent an investment is no longer
available, the Primary Employer may require that amounts currently held in such
investment be reinvested in other investments.

                                       40
<PAGE>

         At least annually, the Named Fiduciary shall review all pertinent
Employee information and Plan data in order to establish the funding policy of
the Plan and to determine appropriate methods of carrying out the Plan's
objectives. The Named Fiduciary shall inform the Trustee and any Investment
Manager of the Plan's short-term and long-term financial needs so the investment
policy can be coordinated with the Plan's financial requirements.

         (a) Elective Deferral Contributions: The Participant shall direct the
investment of Elective Deferral Contributions and transfer of amounts resulting
from those Contributions.

         (b) Matching Contributions: The Primary Employer shall direct the
investment of Matching Contributions and transfer of amounts resulting from
those Contributions.

         (c) Qualified Nonelective Contributions: The Participant shall direct
the investment of Qualified Nonelective Contributions and transfer of amounts
resulting from those Contributions.

         (d) Rollover Contributions: The Participant shall direct the investment
of Rollover Contributions and transfer of amounts resulting from those
Contributions.

         (e) Participant Contributions: The Participant shall direct the
investment of Participant Contributions and transfer of amounts resulting from
those Contributions.

         However, the Named Fiduciary may delegate to the Investment Manager
investment discretion for Contributions and amounts which are not subject to
Participant direction.

         The Employer shall pay to the Insurer, Trustee, or Custodian, as
applicable, the Elective Deferral Contributions and Qualified Nonelective
Contributions for each Plan Year not later than the end of the 12-month period
immediately following the Plan Year for which they are deemed to be paid.

         All Contributions are forwarded by the Employer to the Trustee to be
deposited in the Trust Fund, to the Insurer to be deposited under the Annuity
Contract, or to the Custodian to be held under the terms of the Custodial
Agreement, as applicable. Contributions that are accumulated through payroll
deduction shall be paid to the Trustee, Insurer, or Custodian, as applicable, by
the earlier of (i) the date the Contributions can reasonably be segregated from
the Employer's assets, or (ii) the 15th business day of the month following the
month in which the Contributions would otherwise have been paid in cash to the
Participant.

         SECTION 4.01A--INVESTMENT IN QUALIFYING EMPLOYER SECURITIES.

         All or some portion of the Participant's Account resulting from the
following Contributions may be invested in Qualifying Employer Securities:

                                       41
<PAGE>

         Matching Contributions

         For purposes of determining the annual valuation of the Plan, and for
reporting to Participants and regulatory authorities, the assets of the Plan
shall be valued at least annually on the Valuation Date which corresponds to the
last day of the Plan Year. The fair market value of Qualifying Employer
Securities shall be determined on such Valuation Date. The prices of Qualifying
Employer Securities as of the date of the transaction shall apply for purposes
of valuing distributions and other transactions of the Plan to the extent such
value is representative of the fair market value of such securities in the
opinion of the Plan Administrator. The value of a Participant's Account held in
the Qualifying Employer Securities Fund may be expressed in units.

         If the Qualifying Employer Securities are not publicly traded, or if an
extremely thin market exists for such securities so that reasonable valuation
may not be obtained from the market place, then such securities must be valued
at least annually by an independent appraiser who is not associated with the
Employer, the Plan Administrator, the Trustee, or any person related to any
fiduciary under the Plan. The independent appraiser may be associated with a
person who is merely a contract administrator with respect to the Plan, but who
exercises no discretionary authority and is not a plan fiduciary.

         If there is a public market for Qualifying Employer Securities of the
type held by the Plan, then the Plan Administrator may use as the value of the
securities the price at which such securities trade in such market. If the
Qualifying Employer Securities do not trade on the relevant date, or if the
market is very thin on such date, then the Plan Administrator may use for the
valuation the next preceding trading day on which the trading prices are
representative of the fair market value of such securities in the opinion of the
Plan Administrator.

         Cash dividends payable on the Qualifying Employer Securities shall be
reinvested in additional shares of such securities. In the event of any cash or
stock dividend or any stock split, such dividend or split shall be credited to
the Accounts based on the number of shares of Qualifying Employer Securities
credited to each Account as of the payable date of such dividend or split.

         All purchases of Qualifying Employer Securities shall be made at a
price, or prices, which, in the judgement of the Plan Administrator, do not
exceed the fair market value of such securities.

         In the event that the Trustee acquires Qualifying Employer Securities
by purchase from a "disqualified person" as defined in Code Section 4975(e)(2)
or from a "party-in-interest" as defined in ERISA Section 3(14), the terms of
such purchase shall contain the provision that in the event there is a final
determination by the Internal Revenue Service, the Department of Labor, or court
of competent jurisdiction that the fair market value of such securities as of
the date of purchase was less than the purchase price paid by the Trustee, then
the seller shall pay or transfer, as the case may be, to the Trustee an amount
of cash or shares of Qualifying Employer Securities equal in value to the
difference between the purchase price and such fair market value for all such
shares. In the event that cash or shares of Qualifying Employer Securities are
paid or transferred to the Trustee under this provision, such securities shall
be valued at their fair market value as of the date of such purchase, and
interest at a reasonable rate from the date of purchase to the date of payment
or transfer shall be paid by the seller on the amount of cash paid.

                                       42
<PAGE>

         The Plan Administrator may direct the Trustee to sell, resell, or
otherwise dispose of Qualifying Employer Securities to any person, including the
Employer, provided that any such sales to any disqualified person or
party-in-interest, including the Employer, will be made at not less than the
fair market value and no commission will be charged. Any such sale shall be made
in conformance with ERISA Section 408(e).

         The Employer is responsible for compliance with any applicable Federal
or state securities law with respect to all aspects of the Plan. If the
Qualifying Employer Securities or interest in this Plan are required to be
registered in order to permit investment in the Qualifying Employer Securities
Fund as provided in this section, then such investment will not be effective
until the later of the effective date of the Plan or the date such registration
or qualification is effective. The Employer, at its own expense, will take or
cause to be taken any and all such actions as may be necessary or appropriate to
effect such registration or qualification. Further, if the Trustee is directed
to dispose of any Qualifying Employer Securities held under the Plan under
circumstances which require registration or qualification of the securities
under applicable Federal or state securities laws, then the Employer will, at
its own expense, take or cause to be taken any and all such action as may be
necessary or appropriate to effect such registration or qualification. The
Employer is responsible for all compliance requirements under Section 16 of the
Securities Act.

         ARTICLE V

         BENEFITS

         SECTION 5.01--RETIREMENT BENEFITS.

         On a Participant's Retirement Date, his Vested Account shall be
distributed to him according to the distribution of benefits provisions of
Article VI and the provisions of the SMALL AMOUNTS SECTION of Article X.

         SECTION 5.02--DEATH BENEFITS.

         If a Participant dies before his Annuity Starting Date, his Vested
Account shall be distributed according to the distribution of benefits
provisions of Article VI and the provisions of the SMALL AMOUNTS SECTION of
Article X.

         SECTION 5.03--VESTED BENEFITS.

         If an inactive Participant's Vested Account is not payable under the
SMALL AMOUNTS SECTION of Article X, he may elect, but is not required, to
receive a distribution of his Vested Account after he ceases to be an Employee.
The Participant's election shall be subject to his spouse's consent as provided
in the ELECTION PROCEDURES SECTION of Article VI. A distribution under this
paragraph shall be a retirement benefit and shall be distributed to the
Participant according to the distribution of benefits provisions of Article VI.

                                       43
<PAGE>

         A Participant may not elect to receive a distribution under the
provisions of this section after he again becomes an Employee until he
subsequently ceases to be an Employee and meets the requirements of this
section.

         If an Inactive Participant does not receive an earlier distribution,
upon his Retirement Date or death, his Vested Account shall be distributed
according to the provisions of the RETIREMENT BENEFITS SECTION or the DEATH
BENEFITS SECTION of Article V.

         The Nonvested Account of an Inactive Participant who has ceased to be
an Employee shall remain a part of his Account until it becomes a Forfeiture.
However, if he again becomes an Employee so that his Vesting Percentage can
increase, the Nonvested Account may become a part of his Vested Account.

         SECTION 5.04--WHEN BENEFITS START.

         (a) Unless otherwise elected, benefits shall begin before the 60th day
following the close of the Plan Year in which the latest date below occurs:

         (1) The date the Participant attains age 65 for Normal Retirement Age,
if earlier).

         (2) The 10th anniversary of the Participant's Entry Date.

         (3) The date the Participant ceases to be an Employee.

         Notwithstanding the foregoing, the failure of a Participant and spouse
to consent to a distribution while a benefit is immediately distributable,
within the meaning of the ELECTION PROCEDURES SECTION of Article VI, shall be
deemed to be an election to defer the start of benefits sufficient to satisfy
this section.

         The Participant may elect to have his benefits begin after the latest
date for beginning benefits described above, subject to the following provisions
of this section. The Participant shall make the election in writing. Such
election must be made before his Normal Retirement Date or the date he ceases to
be an Employee, if later. The election must describe the form of distribution
and the date benefits will begin. The Participant shall not elect a date for
beginning benefits or a form of distribution that would result in a benefit
payable when he dies which would be more then incidental within the meaning of
governmental regulations.

         Benefits shall begin on an earlier date if otherwise provided in the
Plan. For example, the Participant's Retirement Date or Required Beginning Date,
as defined in the DEFINITIONS SECTION of Article VII.

         (b) The Participant's Vested Account which results from Elective
Deferral Contributions and Qualified Nonelective Contributions may not be
distributed to a Participant or to his Beneficiary (or Beneficiaries) in
accordance with the Participant's or Beneficiary's (or Beneficiaries') election,
earlier than separation from service, death, or disability. Such amount may also
be distributed upon:

         (1) Termination of the Plan, as permitted in Article VIII.

                                       44
<PAGE>

         (2) The disposition by the Employer, if the Employer is a corporation,
to an unrelated corporation of substantially all of the assets, within the
meaning of Code Section 409(d)(2), used in a trade or business of the Employer
if the Employer continues to maintain the Plan after the disposition, but only
with respect to Employees who continue employment with the corporation acquiring
such assets.

         (3) The disposition by the Employer, if the Employer is a corporation
to an unrelated entity of the Employer's interest in a subsidiary, within the
meaning of Code Section 409(d)(3), if the Employer continues to maintain the
Plan, but only with respect to Employees who continue employment with such
subsidiary.

         (4) The attainment of age 59 1/2 as permitted in the WITHDRAWAL
BENEFITS SECTION of this article.

         (5) The hardship of the Participant as permitted in the WITHDRAWAL
BENEFITS SECTION of this article.

         All distributions that may be made pursuant to one or more of the
foregoing distributable events will be a retirement benefit and shall be
distributed to the Participant according to the distribution of benefit
provisions of Article VI. In addition, distributions that are triggered by (1),
(2) and (3) above must be made in a lump sum. A lump sum shall include a
distribution of an annuity contract.

         SECTION 5.05--WITHDRAWAL BENEFITS.

         A Participant may withdraw any part of his Vested Account resulting
from Voluntary Contributions. A Participant may make such a withdrawal at any
time.

         A Participant who has attained age 59 1/2 may withdraw any part of his
Vested Account which results from the following Contributions:

         Elective Deferral Contributions

         Qualified Nonelective Contributions

         Rollover Contributions

         A Participant may make only two such withdrawals in any 12-month
period.

         A Participant may withdraw any part of his Vested Account which results
from the following Contributions:

         Elective Deferral Contributions

         Rollover Contributions

                                       45
<PAGE>

         in the event of hardship due to an immediate and heavy financial need.
Withdrawals from the Participant's Account resulting from Elective Deferral
Contributions shall be limited to the amount of the Participant's Elective
Deferral Contributions. Immediate and heavy financial need shall be limited to:
(i) expenses incurred or necessary for medical care, described in Code Section
213(d), of the Participant, the Participant's spouse, or any dependents of the
Participant (as defined in Code Section 152); (ii) purchase (excluding mortgage
payments) of a principal residence for the Participant; (iii) payment of
tuition, related educational fees, and room and board expenses, for the next 12
months of post-secondary education for the Participant, his spouse, children, or
dependents; (iv) the need to prevent the eviction of the Participant from his
principal residence or foreclosure on the mortgage of the Participant's
principal residence; or (v) any other distribution which is deemed by the
Commissioner of Internal Revenue to be made on account of immediate and heavy
financial need as provided in Treasury regulations.

         No withdrawal shall be allowed which is not necessary to satisfy such
immediate and heavy financial need. Such withdrawal shall be deemed necessary
only if all of the following requirements are met: (i) the distribution is not
in excess of the amount of the immediate and heavy financial need (including
amounts necessary to pay any Federal, state, or local income taxes or penalties
reasonably anticipated to result from the distribution); (ii) the Participant
has obtained all distributions, other than hardship distributions, and all
nontaxable loans currently available under all plans maintained by the Employer;
(iii) the Plan, and all other plans maintained by the Employer, provide that the
Participant's elective contributions and participant contributions will be
suspended for at least 12 months after receipt of the hardship distribution; and
(iv) the Plan, and all other plans maintained by the Employer, provide that the
Participant may not make elective contributions for the Participant's taxable
year immediately following the taxable year of the hardship distribution in
excess of the applicable limit under Code Section 402(g) for such next taxable
year less the amount of such Participant's elective contributions for the
taxable year of the hardship distribution. The Plan will suspend elective
contributions and participant contributions for 12 months and limit elective
deferrals as provided in the preceding sentence. A Participant shall not cease
to be an Eligible Participant, as defined in the EXCESS AMOUNTS SECTION of
Article III, merely because his elective contributions or participant
contributions are suspended.

         A request for withdrawal shall be made in such manner and in accordance
with such rules as the Employer will prescribe for this purpose (including by
means of voice response or other electronic means under circumstances the
Employer permits). Withdrawals shall be a retirement benefit and shall be
distributed to the Participant according to the distribution of benefits
provisions of Article V1. A forfeiture shall not occur solely as a result of a
withdrawal.

         SECTION 5.06--LOANS TO PARTICIPANTS.

         Loans shall be made available to all Participants on a reasonably
equivalent basis. For purposes of this section, and unless otherwise specified.
Participant means any Participant or Beneficiary who is a party-in-interest as
defined in ERISA. Loans shall not be made to Highly Compensated Employees in an
amount greater than the amount made available to other Participants.

         No loans will be made to any shareholder-employee or Owner-employee.
For purposes of this requirement, a shareholder-employee means an employee or
officer of an electing small business (Subchapter S) corporation who owns (or is
considered as owning within the meaning of Code Section 318(a)(1)), on any day
during the taxable year of such corporation, more than 5 percent of the
outstanding stock of the corporation.

                                       46
<PAGE>

         A loan to a Participant shall be a Participant-directed investment of
his Account. The portion of the Participant's Account held in the Qualifying
Employer Securities Fund may not be redeemed for purposes of a loan. The loan is
a Trust Fund investment but no Account other than the borrowing Participant's
Account shall share in the interest paid on the loan or bear any expense or loss
incurred because of the loan.

         The number of outstanding loans shall be limited to 2. No more than 2
loans shall be approved for any Participant in any 12-month period. The minimum
amount of any loan shall be $1,000.

         Loans must be adequately secured and bear a reasonable rate of
interest.

         The amount of the loan shall not exceed the maximum amount that may be
treated as a loan under Code Section 72(p) (rather than a distribution) to the
Participant and shall be equal to the lesser of (a) or (b) below:

         (a) $50,000, reduced by the highest outstanding loan balance of loans
during the one-year period ending on the day before the new loan is made.

         (b) The greater of (1) or (2), reduced by (3) below:

         (1) One-half of the Participant's Vested Account.

         (2) $10,000.

         (3) Any outstanding loan balance on the date the new loan is made.

         For purposes of this maximum, a Participant's Vested Account does not
include any accumulated deductible employee contributions, as defined in Code
Section 72(o)(5)(B), and all qualified employer plans, as defined in Code
Section 72(p)(4), of the Employer and any Controlled Group member shall be
treated as one plan.

         The foregoing notwithstanding, the amount of such loan shall not exceed
50 percent of the amount of the Participant's Vested Account, resulting from
Contributions other than Matching Contributions, reduced by any outstanding loan
balance on the date the new loan is made. For purposes of this maximum, a
Participant's Vested Account does not include any accumulated deductible
employee contributions, as defined in Code Section 72(o)(5)(B). No collateral
other than a portion of the Participant's Vested Account (as limited above)
shall be accepted. The Loan Administrator shall determine if the collateral is
adequate for the amount of the loan requested.

         If the total amount of the Vested Account to be used by a Participant
as security for a loan is greater than $5,000, such a Participant must obtain
the consent of his or her spouse, if any, to the use of the Vested Account as
security for the loan. Spousal consent shall be obtained no earlier than the
beginning of the 90-day period that ends on the date on which the loan to be so
secured is made. The consent must be in writing, must acknowledge the effect of
the loan, and must be witnessed by a plan representative or a notary public.
Such consent shall thereafter be binding with respect to the consenting spouse
or any subsequent spouse with respect to that loan. A new consent shall be
required if the Vested Account is used for collateral upon renegotiation,
extension, renewal, or other revision of the loan. No consent shall be required
if subparagraph (d) of the ELECTION PROCEDURES SECTION of Article VI applies.

                                       47
<PAGE>

         If a valid spousal consent has been obtained in accordance with the
above, or spousal consent is not required, then, notwithstanding any other
provision of this Plan, the portion of the Participant's Vested Account used as
a security interest held by the Plan by reason of a loan outstanding to the
Participant shall be taken into account for purposes of determining the amount
of the Vested Account payable at the time of the death or distribution, but only
if the reduction is used as repayment of the loan. If spousal consent is
required and less than 100 percent of the Participant's Vested Account
(determined without regard to the preceding sentence) is payable to the
surviving spouse, then the Vested Account shall be adjusted by first reducing
the Vested Account by the amount of the security used as repayment of the loan,
and then determining the benefit payable to the surviving spouse.

         Each loan shall bear a reasonable fixed rate of interest to be
determined by the Loan Administrator. In determining the interest rate, the Loan
Administrator shall take into consideration fixed interest rates currently being
charged by commercial lenders for loans of comparable risk on similar terms and
for similar durations, so that the interest will provide for a return
commensurate with rates currently charged by commercial lenders for loans made
under similar circumstances. The Loan Administrator shall not discriminate among
Participants in the matter of interest rates; but loans granted at different
times may bear different interest rates in accordance with the current
appropriate standards.

         The loan shall by its terms require that repayment (principal and
interest) be amortized in level payments, not less frequently than quarterly,
over a period not extending beyond live years from the date of the loan. If the
loan is used to acquire a dwelling unit, which within a reasonable time
(determined at the time the loan is made) will be used as the principal
residence of the Participant, the repayment period may extend beyond five years
from the date of the loan. The period of repayment for any loan shall be arrived
at by mutual agreement between the Loan Administrator and the Participant and if
the loan is for a principal residence, shall not be made for a period longer
than the repayment period consistent with commercial practices. The maximum
repayment period for the purchase of a principal residence for the Participant
shall be 15 years.

         The Participant shall make an application for a loan in such manner and
in accordance with such rules as the Employer shall prescribe for this purpose
(including by means of voice response or other electronic means under
circumstances the Employer permits). The application must specify the amount and
duration requested.

         Information contained in the application for the loan concerning the
income, liabilities, and assets of the Participant will be evaluated to
determine whether there is a reasonable expectation that the Participant will be
able to satisfy payments on the loan as due. Additionally, the Loan
Administrator will pursue any appropriate further investigations concerning the
creditworthiness and credit history of the Participant to determine whether a
loan should be approved.

                                       48
<PAGE>

         Each loan shall be fully documented in the form of a promissory note
signed by the Participant for the face amount of the loan, together with
interest determined as specified above.

         There will be an assignment of collateral to the Plan executed at the
time the loan is made.

         In those cases where repayment through payroll deduction is available,
installments are so payable, and a payroll deduction agreement shall be executed
by the Participant at the time the loan is made. Loan repayments that are
accumulated through payroll deduction shall be paid to the Trustee by the
earlier of (i) the date the loan repayments can reasonably be segregated from
the Employer's assets, or (ii) the 15th business day of the month following the
month in which such amounts would otherwise have been paid in cash to the
Participant.

         Where payroll deduction is not available, payments in cash are to be
timely made. Any payment that is not by payroll deduction shall be made payable
to the Employer or the Trustee, as specified in the promissory note, and
delivered to the Loan Administrator, including prepayments, service fees and
penalties, if any, and other amounts due under the note. The Loan Administrator
shall deposit such amounts into the Plan as soon as administratively practicable
after they are received, but in no event later than the 15th business day of the
month after they are received.

         The promissory note may provide for reasonable late payment penalties
and service fees. Any penalties or service fees shall be applied to all
Participants in a nondiscriminatory manner. If the promissory note so provides,
such amounts may be assessed and collected from the Account of the Participant
as part of the loan balance.

         Each loan may be paid prior to maturity, in part or in full, without
penalty or service fee, except as may be set out in the promissory note.

         The Plan shall suspend loan payments for a period not exceeding one
year during which an approved unpaid leave of absence occurs other than a
military leave of absence. The Loan Administrator shall provide the Participant
a written explanation of the effect of the suspension of payments upon his loan.

         If a Participant separates from service (or takes a leave of absence)
from the Employer because of service in the military and does not receive a
distribution of his Vested Account, the Plan shall suspend loan payments until
the Participant's completion of military service or until the Participant's
fifth anniversary of commencement of military service, if earlier, as permitted
under Code Section 414(u). The Loan Administrator shall provide the Participant
a written explanation of the effect of his military service upon his loan.

         If any amount remains unpaid for more than 90 days after due, a default
is deemed to occur.

                                       49
<PAGE>

         Upon default, the Plan has the right to pursue any remedy available by
law to satisfy the amount due, along with accrued interest, including the right
to enforce its claim against the security pledged and execute upon the
collateral as allowed by law.

         If any payment of principal or interest or any other amount due under
the promissory note, or any portion thereof, is not made for a period of 90 days
after due, the entire principal balance whether or not otherwise then due, shall
become immediately due and payable without demand or notice, and subject to
collection or satisfaction by any lawful means, including specifically, but not
limited to, the right to enforce the claim against the security pledged and to
execute upon the collateral as allowed by law.

         In the event of default, foreclosure on the note and attachment of
security or use of amounts pledged to satisfy the amount then due shall not
occur until a distributable event occurs in accordance with the Plan, and shall
not occur to an extent greater than the amount then available upon any
distributable event which has occurred under the Plan.

         All reasonable costs and expenses, including but not limited to
attorney's fees, incurred by the Plan in connection with any default or in any
proceeding to enforce any provision of a promissory note or instrument by which
a promissory note for a Participant loan is secured, shall be assessed and
collected from the Account of the Participant as part of the loan balance.

         If payroll deduction is being utilized, in the event that a
Participant's available payroll deduction amounts in any given month are
insufficient to satisfy the total amount due, there will be an increase in the
amount taken subsequently, sufficient to make up the amount that is then due. If
any amount remains past due more than 90 days, the entire principal amount,
whether or not otherwise then due, along with interest then accrued and any
other amount then due under the promissory note, shall become due and payable,
as above.

         If no distributable event has occurred under the Plan at the time that
the Participant's Vested Account would otherwise be used under this provision to
pay any amount due under the outstanding loan, this will not occur until the
time, or in excess of the extent to which, a distributable event occurs under
the Plan. An outstanding loan will become due and payable in full 60 days after
a Participant ceases to be an Employee and a party-in-interest as defined in
ERISA or after complete termination of the Plan.

         ARTICLE VI

         DISTRIBUTION OF BENEFITS

         SECTION 6.01--AUTOMATIC FORMS OF DISTRIBUTION.

         Unless an optional form of benefit is selected pursuant to a qualified
election within the election period (see the ELECTION PROCEDURES SECTION of this
article), the automatic form of benefit payable to or on behalf of a Participant
is determined as follows:

         (a) Retirement Benefits. The automatic form of retirement benefit for a
Participant who does not die before his Annuity Starting Date shall be:

                                       50
<PAGE>

         (1) The Qualified Joint and Survivor Annuity for a Participant who has
a spouse.

         (2) The Normal Form for a Participant who does not have a spouse.

         (b) Death Benefits. The automatic form of death benefit for a
Participant who dies before his Annuity Starting Date shall be:

         (1) A Qualified Preretirement Survivor Annuity for a Participant who
has a spouse to whom he has been continuously married throughout the one-year
period ending on the date of his death. The spouse may elect to start receiving
the death benefit on any first day of the month on or after the Participant dies
and by the date the Participant would have been age 70 1/2. If the spouse dies
before benefits start, the Participant's Vested Account, determined as of the
date of the spouse's death, shall be paid to the spouse's Beneficiary.

         (2) A single-sum payment to the Participant's Beneficiary for a
Participant who does not have a spouse who is entitled to a Qualified
Preretirement Survivor Annuity.

         Before a death benefit will be paid on account of the death of a
Participant who does not have a spouse who is entitled to a Qualified
Preretirement Survivor Annuity, it must be established to the satisfaction of a
plan representative that the Participant does not have such a spouse.

         SECTION 6.02--OPTIONAL FORMS OF DISTRIBUTION.

         (a) Retirement Benefits. The optional forms of retirement benefit shall
be the following: (i) a straight file annuity; (ii) single life annuities with
certain periods of 5, 10 or 15 years; (iii) a single life annuity with
installment refund; (iv) survivorship life annuities with installment refund and
survivorship percentages of 50%, 66 2/3% or 100%; (v) fixed period annuities for
any period of whole months which is not less than 60 and does not exceed the
Life Expectancy, as defined in Article VII, of the Participant where the Life
Expectancy is not recalculated; and (vi) a full flexibility option. A single sum
payment is also available. That portion of a Participant's Account which is held
in the Qualifying Employer Securities fund may be distributed in kind.

         The full flexibility option is an optional form of benefit under which
the Participant receives a distribution each calendar year, beginning with the
calendar year in which his Annuity Starting Date occurs. The Participant may
elect the amount to be distributed each year (not less than $1,000). The amount
payable in his first Distribution Calendar Year, as defined in Article VII, must
satisfy the minimum distribution requirements of Article VII for such year.
Distributions for later Distribution Calendar Years, as defined in Article VII,
must satisfy the minimum distribution requirements of Article VII for such
years. If the Participant's Annuity Starting Date does not occur until his
second Distribution Calendar Year, as defined in Article VII, the amount payable
for such year must satisfy the minimum distribution requirements of Article VII
for both the first and second Distribution Calendar Years, as defined in Article
VII.

         Election of an optional form is subject to the qualified election
provisions of the ELECTION PROCEDURES SECTION of this article and the
distribution requirements of Article VII.

                                       51
<PAGE>

         Any annuity contract distributed shall be nontransferable. The terms of
any annuity contract purchased and distributed by the Plan to a Participant or
spouse shall comply with the requirements of this Plan.

         (b) Death Benefits. The optional forms of death benefit are a
single-sum payment and any annuity that is an optional form of retirement
benefit. However, the full flexibility option shall not be available if the
Beneficiary is not the spouse of the deceased Participant.

         Election of an optional form is subject to the qualified election
provisions of the ELECTION PROCEDURES SECTION of this article and the
distribution requirements of Article VII.

         SECTION 6.03--ELECTION PROCEDURES.

         The Participant, Beneficiary, or spouse shall make any election under
this section in writing. The Plan Administrator may require such individual to
complete and sign any necessary documents as to the provisions to be made. Any
election permitted under (a) and (b) below shall be subject to the qualified
election provisions of (c) below.

         (a) Retirement Benefits. A Participant may elect his Beneficiary or
Contingent Annuitant and may elect to have retirement benefits distributed under
any of the optional forms of retirement benefit available in the OPTIONAL FORMS
OF DISTRIBUTION SECTION of this article.

         (b) Death Benefits. A Participant may elect his Beneficiary and may
elect to have death benefits distributed under any of the optional forms of
death benefit available in the OPTIONAL FORMS OF DISTRIBUTION SECTION of this
article.

         If the Participant has not elected an optional form of distribution for
the death benefit payable to his Beneficiary, the Beneficiary may, for his own
benefit, elect the form of distribution, in like manner as a Participant.

         The Participant may waive the Qualified Preretirement Survivor Annuity
by naming someone other than his spouse as Beneficiary.

         In lieu of the Qualified Preretirement Survivor Annuity described in
the AUTOMATIC FORMS OF DISTRIBUTION SECTION of this article, the spouse may, for
his own benefit, waive the Qualified Preretirement Survivor Annuity by electing
to have the benefit distributed under any of the optional forms of death benefit
available in the OPTIONAL FORMS OF DISTRIBUTION SECTION of this article.

         (c) Qualified Election. The Participant, Beneficiary or spouse may make
an election at any time during the election period. The Participant,
Beneficiary, or spouse may revoke the election made (or make a new election) at
any time and any number of times during the election period. An election is
effective only if it meets the consent requirements below.

                                       52
<PAGE>

         (1) Election Period for Retirement Benefits. The election period as to
retirement benefits is the 90-day period ending on the Annuity Starting Date. An
election to waive the Qualified Joint and Survivor Annuity may not be made
before the date the Participant is provided with the notice of the ability to
waive the Qualified Joint and Survivor Annuity. If the Participant elects a full
flexibility option, he may revoke his election at any time before his first
Distribution Calendar Year, as defined in Article VII. When he elects to have
benefits begin again, he shall have a new Annuity Starting Date. His election
period for this election is the 90-day period ending on the Annuity Starting
Date for the optional form of retirement benefit elected.

         (2) Election Period for Death Benefits. A Participant may make an
election as to death benefits at any time before he dies. The spouse's election
period begins on the date the Participant dies and ends on the date benefits
begin. The Beneficiary's election period begins on the date the Participant dies
and ends on the date benefits begin.

         An election to waive the Qualified Preretirement Survivor Annuity may
not be made by the Participant before the date he is provided with the notice of
the ability to waive the Qualified Preretirement Survivor Annuity. A
Participant's election to waive the Qualified Preretirement Survivor Annuity
which is made before the first day of the Plan Year in which he reaches age 35
shall become invalid on such date. An election made by a Participant after he
ceases to be an Employee will not become invalid on the first day of the Plan
Year in which he reaches age 35 with respect to death benefits from that part of
his Account resulting from Contributions made before he ceased to be an
Employee.

         (3) Consent to Election. If the Participant's Vested Account exceeds
$5,000, any benefit which is (i) immediately distributable or (ii) payable in a
form other than a Qualified Joint and Survivor Annuity or a Qualified
Preretirement Survivor Annuity, requires the consent of the Participant and the
Participant's spouse (or where either the Participant or the spouse has died,
the survivor). Such consent shall also be required if the Participant's Vested
Account at the time of any prior distribution exceeded 85,000. The rule in the
preceding sentence shall not apply effective October 17, 2000. However, consent
will still be required if the Participant had previously had an Annuity Starting
Date with respect to any portion of such Vested Account.

         The consent of the Participant or spouse to a benefit which is
immediately distributable must not be made before the date the Participant or
spouse is provided with the notice of the ability to defer the distribution.
Such consent shall be made in writing.

         The consent shall not be made more than 90 days before the Annuity
Starting Date. Spousal consent is not required for a benefit which is
immediately distributable in a Qualified Joint and Survivor Annuity.
Furthermore, if spousal consent is not required because the Participant is
electing an optional form of retirement benefit that is not a life annuity
pursuant to (d) below, only the Participant need consent to the distribution of
a benefit payable in a form that is not a life annuity and which is immediately
distributable. Neither the consent of the Participant nor the Participant's
spouse shall be required to the extent that a distribution is required to
satisfy Code Section 401(a)(9) or Code Section 415.

         In addition, upon termination of this Plan, if the Plan does not offer
an annuity option (purchased from a commercial provider), and if the Employer
(or any entity within the same Controlled Group) does not maintain another
defined contribution plan (other than an employee stock ownership plan as
defined in Code Section 4975(e)(7)), the Participant's Account balance will,
without the Participant's consent, be distributed to the Participant. However,
if any entity within the same Controlled Group maintains another defined
contribution plan (other than an employee stock ownership plan as defined in
Code Section 4975(e)(7)) then the Participant's Account will be transferred,
without the Participant's consent, to the other plan if the Participant does not
consent to an immediate distribution.

                                       53
<PAGE>

         A benefit is immediately distributable if any part of the benefit could
be distributed to the Participant (or surviving spouse) before the Participant
attains (or would have attained if not deceased) the older of Normal Retirement
Age or age 62.

         If the Qualified Joint and Survivor Annuity is waived, the spouse has
the right to limit consent only to a specific Beneficiary or a specific form of
benefit. The spouse can relinquish one or both such rights. Such consent shall
be made in writing. The consent shall not be made more than 90 days before the
Annuity Starting Date.

         If the Qualified Preretirement Survivor Annuity is waived, the spouse
has the right to limit consent only to a specific Beneficiary. Such consent
shall be in writing. The spouse's consent shall be witnessed by a plan
representative or notary public. The spouse's consent must acknowledge the
effect of the election, including that the spouse had the right to limit consent
only to a specific Beneficiary or a specific form of benefit, if applicable, and
that the relinquishment of one or both such rights was voluntary. Unless the
consent of the spouse expressly permits designations by the Participant without
a requirement of further consent by the spouse, the spouse's consent must be
limited to the form of benefit, if applicable, and the Beneficiary (including
any Contingent Annuitant), class of Beneficiaries, or contingent Beneficiary
named in the election.

         Spousal consent is not required, however, if the Participant
establishes to the satisfaction of the plan representative that the consent of
the spouse cannot be obtained because there is no spouse or the spouse cannot be
located. A spouse's consent under this paragraph shall not be valid with respect
to any other spouse. A Participant may revoke a prior election without the
consent of the spouse. Any new election will require a new spousal consent,
unless the consent of the spouse expressly permits such election by the
Participant without further consent by the spouse. A spouse's consent may be
revoked at any time within the Participant's election period.

         (d) Special Rule for Profit Sharing Plans. This subparagraph (d)
applies if the Plan is not a direct or indirect transferee after December 31,
1984, of a defined benefit plan, money purchase plan (including a target plan),
stock bonus or profit sharing plan which is subject to the survivor annuity
requirements of Code Sections 401(a)(11) and 417. If the above condition is met,
spousal consent is not required for electing an optional form of retirement
benefit that is not a life annuity. If such condition is not met, such consent
requirements shall be operative.

         SECTION 6.04-NOTICE REQUIREMENTS.

         (a) Optional Forms of Retirement Benefit and Right to Defer. The Plan
Administrator shall furnish to the Participant and the Participant's spouse a
written explanation of the optional forms of retirement benefit in the OPTIONAL
FORMS OF DISTRIBUTION SECTION of this article, including the material features
and relative values of these options, in a manner that would satisfy the notice
requirements of Code section 417(a)(3) and the right of the Participant and the
Participant's spouse to defer distribution until the benefit is no longer
immediately distributable.

                                       54
<PAGE>

         The Plan Administrator shall furnish the written explanation by a
method reasonably calculated to reach the attention of the Participant and the
Participant's spouse no less than 30 days, and no more than 90 days, before the
Annuity Starting Date.

         The Participant (and spouse, if applicable) may waive the 30-day
election period if the distribution of the elected form of retirement benefit
begins more than 7 days after the Plan Administrator provides the Participant
(and spouse, if applicable) the written explanation provided that: (i) the
Participant has been provided with information that clearly indicates that the
Participant has at least 30 days to consider the decision of whether or not to
elect a distribution and a particular distribution option, (ii) the Participant
is permitted to revoke any affirmative distribution election at least until the
Annuity Starting Date or, if later, at any time prior to the expiration of the
7-day period that begins the day after the explanation is provided to the
Participant, and (iii) the Annuity Starting Date is a date after the date that
the written explanation was provided to the Participant.

         (b) Qualified Joint and Survivor Annuity. The Plan Administrator shall
furnish to the Participant a written explanation of the following: the terms and
conditions of the Qualified Joint and Survivor Annuity; the Participant's right
to make, and the effect of, an election to waive the Qualified Joint and
Survivor Annuity; the rights of the Participant's spouse; and the right to
revoke an election and the effect of such a revocation.

         The Plan Administrator shall furnish the written explanation by a
method reasonably calculated to reach the attention of the Participant no less
than 30 days, and no more than 90 days, before the Annuity Starting Date.

         The Participant (and spouse, if applicable) may waive the 30-day
election period if the distribution of the elected form of retirement benefit
begins more then 7 days after the Plan Administrator provides the Participant
(and spouse, if applicable) the written explanation provided that: (i) the
Participant has been provided with information that clearly indicates that the
Participant has at least 30 days to consider the decision of whether or not to
elect a distribution and a particular distribution option, (ii) the Participant
is permitted to revoke any affirmative distribution election at least until the
Annuity Starting Date or, if later, at any time prior to the expiration of the
7-day period that begins the day after the explanation is provided to the
Participant, and (iii) the Annuity Starting Date is a date after the date that
the written explanation was provided to the Participant.

         (b) Qualified Joint and Survivor Annuity. The Plan Administrator shall
furnish to the Participant a written explanation of the following: the terms and
conditions of the Qualified Joint and Survivor Annuity; the Participant's right
to make, and the effect of, an election to waive the Qualified Joint and
Survivor Annuity; the rights of the Participant's spouse; and the right to
revoke an election and the effect of such a revocation.

                                       55
<PAGE>

         The Plan Administrator shall furnish the written explanation by a
method reasonably calculated to reach the attention of the Participant no less
than 30 days, and no more than 90 days, before the Annuity Starting Date.

         The Participant (and spouse, if applicable) may waive the 30-day
election period if the distribution of the elected form of retirement benefit
begins more than 7 days after the Plan Administrator provides the Participant
(and spouse, if applicable) the written explanation provided that: (i) the
Participant has been provided with information that clearly indicates that the
Participant has at least 30 days to consider whether to waive the Qualified
Joint and Survivor Annuity and elect (with spousal consent, if applicable) a
form of distribution other than a Qualified Joint and Survivor Annuity, (ii) the
Participant is permitted to revoke any affirmative distribution election at
least until the Annuity Starting Date or, if later, at any time prior to the
expiration of the 7-day period that begins the day after the explanation of the
Qualified Joint and Survivor Annuity is provided to the Participant, and (iii)
the Annuity Starting Date is a date after the date that the written explanation
was provided to the Participant.

         After the written explanation is given, a Participant or spouse may
make a written request for additional information. The written explanation must
be personally delivered or mailed (first class mail, postage prepaid) to the
Participant or spouse within 30 days from the date of the written request. The
Plan Administrator does not need to comply with more than one such request by a
Participant or spouse.

         The Plan Administrator's explanation shall be written in nontechnical
language and will explain the terms and conditions of the Qualified Joint and
Survivor Annuity and the financial effect upon the Participant's benefit (in
terms of dollars per benefit payment) of electing not to have benefits
distributed in accordance with the Qualified Joint and Survivor Annuity.

         (c) Qualified Preretirement Survivor Annuity. The Plan Administrator
shall furnish to the Participant a written explanation of the following: the
terms and conditions of the Qualified Preretirement Survivor Annuity; the
Participant's right to make, and the effect of, an election to waive the
Qualified Preretirement Survivor Annuity; the rights of the Participant's
spouse; and the right to revoke an election and the effect of such a revocation

         The Plan Administrator shall furnish the written explanation by a
method reasonably calculated to reach the attention of the Participant within
the applicable period. The applicable period for a Participant is whichever of
the following periods ends last:

         (1) the period beginning one year before the date the individual
becomes a Participant and ending one year after such date; or

         (2) the period beginning one year before the date the Participant's
spouse is first entitled to a Qualified Preretirement Survivor Annuity and
ending one year after such date.

         If such notice is given before the period beginning with the first day
of the Plan Year in which the Participant attains age 32 and ending with the
close of the Plan Year preceding the Plan Year in which the Participant attains
age 35, an additional notice shall be given within such period. If a Participant
ceases to be an Employee before attaining age 35, an additional notice shall be
given within the period beginning one year before the date he ceases to be an
Employee and ending one year after such date.

                                       56
<PAGE>

         After the written explanation is given, a Participant or spouse may
make a written request for additional information. The written explanation must
be personally delivered or mailed (first class mail, postage prepaid) to the
Participant or spouse within 30 days from the date of the written request. The
Plan Administrator does not need to comply with more than one such request by a
Participant or spouse.

         The Plan Administrator's explanation shall be written in nontechnical
language and will explain the terms and conditions of the Qualified
Preretirement Survivor Annuity and the financial effect upon the spouse's
benefit (in terms of dollars per benefit payment) of electing not to have
benefits distributed in accordance with the Qualified Preretirement Survivor
Annuity.

         ARTICLE VII

         DISTRIBUTION REQUIREMENTS

         SECTION 7.01--APPLICATION.

         The optional forms of distribution are only those provided in Article
VI. An optional form of distribution shall not be permitted unless it meets the
requirements of this article. The timing of any distribution must meet the
requirements of this article.

         SECTION 7.02--DEFINITIONS.

         For purposes of this article, the following terms are defined:

         Applicable Life Expectancy means Life Expectancy (or Joint and Last
Survivor Expectancy) calculated using the attained age of the Participant (or
Designated Beneficiary) as of the Participant's (or Designated Beneficiary's)
birthday in the applicable calendar year reduced by one for each calendar year
which has elapsed since the date Life Expectancy was first calculated. It Life
Expectancy is being recalculated, the Applicable Life Expectancy shall be the
Life Expectancy so recalculated. The applicable calendar year shall be the first
Distribution Calendar Year, and if Life Expectancy is being recalculated, such
succeeding calendar year.

         Designated Beneficiary means the individual who is designated as the
beneficiary under the Plan in accordance with Code Section 401(a)(9) and the
regulations thereunder.

         Distribution Calendar Year means a calendar year for which a minimum
distribution is required. For distributions beginning before the Participant's
death, the first Distribution Calendar Year is the calendar year immediately
preceding the calendar year which contains the Participant's Required Beginning
Date. For distributions beginning after the Participant's death, the first
Distribution Calendar Year is the calendar year in which distributions are
required to begin pursuant to (e) of the DISTRIBUTION REQUIREMENTS SECTION of
this article.

         5-percent Owner means a 5-percent owner as defined in Code Section 416.
A Participant is treated as a 5-percent Owner for purposes of this article if
such Participant is a 5-percent Owner at any time during the Plan Year ending
with or within the calendar year in which such owner attains age 70 1/2.

                                       57
<PAGE>

         In addition, a Participant is treated as a 5-percent Owner for purposes
of this article if such Participant becomes a 5-percent Owner in a later Plan
Year. Such Participant's Required Beginning Date shall not be later than the
April 1 of the calendar year following the calendar year in which such later
Plan Year ends.

         Once distributions have begun to a 5-percent Owner under this article,
they must continue to be distributed, even if the Participant ceases to be a
5-percent Owner in a subsequent year.

         Joint and Last Survivor Expectancy means joint and last survivor
expectancy computed using the expected return multiples in Table VI of section
1.72-9 of the Income Tax Regulations.

         Unless otherwise elected by the Participant by the time distributions
are required to begin, life expectancies shall be recalculated annually. Such
election shall be irrevocable as to the Participant and shall apply to all
subsequent years. The life expectancy of a nonspouse Beneficiary may not be
recalculated.

         Life Expectancy means life expectancy computed using the expected
return multiples in Table V of section 1.72-9 of the Income Tax Regulations.

         Unless otherwise elected by the Participant (or spouse, in the case of
distributions described in (e)(2)(ii) of the DISTRIBUTION REQUIREMENTS SECTION
of this article) by the time distributions are required to begin, life
expectancy shall be recalculated annually. Such election shall be irrevocable as
to the Participant (or spouse) and shall apply to all subsequent years. The life
expectancy of a nonspouse Beneficiary may not be recalculated.

         Participant's Benefit means:

         (a) The Account balance as of the last Valuation Date in the calendar
year immediately preceding the Distribution Calendar Year (valuation calendar
year) increased by the amount of any contributions or forfeitures allocated to
the Account balance as of the dates in the valuation calendar year after the
Valuation Date and decreased by distributions made in the valuation calendar
year after the Valuation Date.

         (b) Exception for Second Distribution Calendar Year. For purposes of
(a) above, if any portion of the minimum distribution for the first Distribution
Calendar Year is made in the second Distribution Calendar Year on or before the
Required Beginning Date, the amount of the minimum distribution made in the
second Distribution Calendar Year shall be treated as if it had been made in the
immediately preceding Distribution Calendar Year.

         Required Beginning Date means, for a Participant who is a 5-percent
Owner, the April 1 of the calendar year following the calendar year in which he
attains age 70 1/2.

         Required Beginning Date means, for any Participant who is not a
5-percent Owner, the April 1 of the calendar year following the later of the
calendar year in which he attains age 70 1/2 or the calendar year in which he
retires.

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<PAGE>

         The preretirement age 70 1/2 distribution option is only eliminated
with respect to Participants who reach age 70 1/2 in or after a calendar year
that begins after the later of December 31, 1998, or the adoption date of the
amendment which eliminated such option. The preretirement age 70 1/2
distribution is an optional form of benefit under which benefits payable in a
particular distribution form (including any modifications that may be elected
after benefits begin) begin at a time during the period that begins on or after
January 1 of the calendar year in which the Participant attains age 70 1/2 and
ends April 1 of the immediately following calendar year.

         The options available for Participants who are not 5-percent Owners and
attained age 70 1/2 in calendar years before the calendar year that begins after
the later of December 31, 1998, or the adoption date of the amendment which
eliminated the preretirement age 70 1/2 distribution shall be the following. Any
such Participant attaining age 70 1/2 in years after 1995 may elect by April 1
of the calendar year following the calendar year in which he attained age 70 1/2
(or by December 31, 1997 in the case of a Participant attaining age 70 1/2 in
1996) to defer distributions until the calendar year following the calendar year
in which he retires. Any such Participant attaining age 70 1/2 in years prior to
1997 may elect to stop distributions which are not purchased annuities and
recommence by the April 1 of the calendar year following the year in which he
retires. There shall be a new Annuity Starting Date upon recommencement.

         SECTION 7.03--DISTRIBUTION REQUIREMENTS.

         (a) General Rules.

         (1) Subject to the AUTOMATIC FORMS OF DISTRIBUTION SECTION of Article
VI, joint and survivor annuity requirements, the requirements of this article
shall apply to any distribution of a Participant's interest and shall take
precedence over any inconsistent provisions of this Plan. Unless otherwise
specified, the provisions of this article apply to calendar years beginning
after December 31, 1984.

         (2) All distributions required under this article shall be determined
and made in accordance with the proposed regulations under Code Section
401(a)(9), including the minimum distribution incidental benefit requirement of
section 1.401(a)(9)-2 of the proposed regulations.

         (3) With respect to distributions under the Plan made for calendar
years beginning on or after January 1, 2001, the Plan will apply the minimum
distribution requirements of Code Section 401(a)(9) in accordance with the
regulations under Code Section 401(a)(9) that were proposed on January 17, 2001,
notwithstanding any provision of the Plan to the contrary. These provisions
shall continue in effect until the end of the last calendar year beginning
before the effective date of final regulations under Code Section 401(a)(9) or
such other date as may be specified in guidance published by the Internal
Revenue Service.

         (b) Required Beginning Date. The entire interest of a Participant must
be distributed or begin to be distributed no later than the Participant's
Required Beginning Date.

         (c) Limits on Distribution Periods. As of the first Distribution
Calendar Year, distributions, if not made in a single sum, may only be made over
one of the following periods (or combination thereof):

                                       59
<PAGE>

         (1) the life of the Participant,

         (2) the life of the Participant and a Designated Beneficiary,

         (3) a period certain not extending beyond the Life Expectancy of the
Participant, or

         (4) a period certain not extending beyond the Joint and Last Survivor
Expectancy of the Participant and a Designated Beneficiary.

         (d) Determination of Amount to be Distributed Each Year. If the
Participant's interest is to be distributed in other than a single sum, the
following minimum distribution rules shall apply on or after the Required
Beginning Date:

         (1)      Individual Account.

         (i)      If a Participant's Benefit is to be distributed over

         A. a period not extending beyond the Life Expectancy of the Participant
or the Joint Life and Last Survivor Expectancy of the Participant and the
Participant's Designated Beneficiary, or

         B. a period not extending beyond the Life Expectancy of the Designated
Beneficiary,

         the amount required to be distributed for each calendar year beginning
with the distributions for the first Distribution Calendar Year, must be at
least equal to the quotient obtained by dividing the Participant's Benefit by
the Applicable Life Expectancy.

         (ii) For calendar years beginning before January 1, 1989, if the
Participant's spouse is not the Designated Beneficiary, the method of
distribution selected must assure that at least 50 percent of the present value
of the amount available for distribution is paid within the Life Expectancy of
the Participant.

         (iii) For calendar years beginning after December 31, 1988, the amount
to be distributed each year, beginning with distributions for the first
Distribution Calendar Year shall not be less then the quotient obtained by
dividing the Participant's Benefit by the lesser of:

         A. the Applicable Life Expectancy, or

         B. if the Participant's spouse is not the Designated Beneficiary, the
applicable divisor determined from the table set forth in Q&A-4 of section
1.401(a)(9)-2 of the proposed regulations.

         Distributions after the death of the Participant shall be distributed
using the Applicable Life Expectancy in (1)(i) above as the relevant divisor
without regard to section 1.401(a)(9)-2 of the proposed regulations.

         (iv) The minimum distribution required for the Participant's first
Distribution Calendar Year must be made on or before the Participant's Required
Beginning Date. The minimum distribution for other calendar years, including the
minimum distribution for the Distribution Calendar Year in which the
Participant's Required Beginning Date occurs, must be made on or before December
31 of That Distribution Calendar Year.

                                       60
<PAGE>

         (2) Other Forms. If the Participant's Benefit is distributed in the
form of an annuity purchased from an insurance company, distributions thereunder
shall be made in accordance with the requirements of Code Section 401(a)(9) and
the proposed regulations thereunder.

         (e) Death Distribution Provisions.

         (1) Distribution Beginning Before Death. If the Participant dies after
distribution of his interest, has begun, the remaining portion of such interest
will continue to be distributed at least as rapidly as under the method of
distribution being used prior to the Participant's death.

         (2) Distribution Beginning After Death.

         (i) If the Participant dies before distribution of his interest begins,
distribution of the Participant's entire interest shall be completed by December
31 of the calendar year containing the fifth anniversary of the Participant's
death except to the extent that an election is made to receive distributions in
accordance with A or B below:

         A. if any portion of the Participant's interest is payable to a
Designated Beneficiary, distributions may be made over the life or over a period
certain not greater than the life Expectancy of the Designated Beneficiary
beginning on or before December 31 of the calendar year immediately following
the calendar year in which the Participant died;

         B. if the Designated Beneficiary is the Participant's surviving spouse,
the date distributions are required to begin in accordance with A above shall
not be earlier than the later of:

         1. December 31 of the calendar year immediately following the calendar
year in which the Participant died, or

         2. December 31 of the calendar year in which the Participant would have
attained age 70 1/2.

         (ii) If the Participant has not made an election pursuant to this
(e)(2) by the time of his death, the Participant's Designated Beneficiary must
elect the method of distribution no later than the earlier of:

         A. December 31 of the calendar year in which distributions would be
required to begin under this subparagraph, or

         B. December 31 of the calendar year which contains the fifth
anniversary of the date of death of the Participant.

         (iii) If the Participant has no Designated Beneficiary, or if the
Designated Beneficiary does not elect a method of distribution, distribution of
the Participant's entire interest must be completed by December 31 of the
calendar year containing the fifth anniversary of the Participant's death.

                                       61
<PAGE>

         (3) For purposes of (e)(2) above, if the surviving spouse dies after
the Participant, but before payments to such spouse begin, the provisions of
(e)(2) above, with the exception of (e)(2)(i)(B) therein, shall be applied as if
the surviving spouse were the Participant.

         (4) For purposes of this (e), distribution of a Participant's interest
is considered to begin on the Participant's Required Beginning Date (or if
(e)(3) above is applicable, the date distribution is required to begin to the
surviving spouse pursuant to (e)(2) above). If distribution in the form of an
annuity irrevocably begins to the Participant before the Required Beginning
Date, the date distribution is considered to begin is the date distribution
actually begins.

         ARTICLE VIII

         TERMINATION OF THE PLAN

         The Employer expects to continue the Plan indefinitely but reserves the
right to terminate the Plan in whole or in pan at any time upon giving written
notice to all parties concerned. Complete discontinuance of Contributions
constitutes complete termination of the Plan.

         The Account of each Participant shall be fully (100%) vested and
nonforfeitable as of the effective date of complete termination of the Plan. The
Account of each Participant who is included in the group of Participants deemed
to be affected by the partial termination of the Plan shall be fully (100%)
vested and nonforfeitable as of the effective date of the partial termination of
the Plan. The Participant's Account shall continue to participate in the
earnings credited, expenses charged, and any appreciation or depreciation of the
Investment fund until his Vested Account is distributed.

         A Participant's Account which does not result from the Contributions
listed below may be distributed to the Participant after the effective date of
the complete termination of the Plan:

         Elective Deferral Contributions

         Qualified Nonelective Contributions

         A Participant's Account resulting from such Contributions may be
distributed upon complete termination of the Plan, but only if neither the
Employer nor any Controlled Group member maintain or establish a successor
defined contribution plan (other than an employer stock ownership plan as
defined in Code Section 4975(e)(7), a simplified employee pension plan as
defined in Code Section 408(k) or a SIMPLE IRA plan as defined in Code Section
408(p)) and such distribution is made in a lump sum. A distribution under this
article shall be a retirement benefit and shall be distributed to the
Participant according to the provisions of Article VI.

         The Participant's entire Vested Account shall be paid in a single sum
to the Participant as of the effective date of complete termination of the Plan
if (i) the requirements for distribution of Elective Deferral Contributions in
the above paragraph are met and (ii) consent of the Participant is not required
in the ELECTION PROCEDURES SECTION of Article VI to distribute a benefit which
is immediately distributable. This is a small amounts payment. The small amounts
payment is in full settlement of all benefits otherwise payable.

                                       62
<PAGE>

         Upon complete termination of the Plan, no more Employees shall become
Participants and no more Contributions shall be made.

         The assets of this Plan shall not be paid to the Employer at any time,
except that, after the satisfaction of all liabilities under the Plan, any
assets remaining may be paid to the Employer. The payment may not be made if it
would contravene any provision of law.

         ARTICLE IX

         ADMINISTRATION OF THE PLAN

         SECTION 9.01--ADMINISTRATION.

         Subject to the provisions of this article, the Plan Administrator has
complete control of the administration of the Plan. The Plan Administrator has
all the powers necessary for it to properly carry out its administrative duties.
Not in limitation, but in amplification of the foregoing, the Plan Administrator
has complete discretion to construe or Interpret the provisions of the Plan,
including ambiguous provisions, if any, and to determine all questions that may
arise under the Plan, including all questions relating to the eligibility of
Employees to participate in the Plan and the amount of benefit to which any
Participant, Beneficiary, spouse or Contingent Annuitant may become entitled.
The Plan Administrator's decisions upon all matters within the scope of its
authority shall be final.

         Unless otherwise set out in the Plan or Annuity Contract, the Plan
Administrator may delegate recordkeeping and other duties which are necessary
for the administration of the Plan to any person or firm which agrees to accept
such duties. The Plan Administrator shall be entitled to rely upon all tables,
valuations, certificates and reports furnished by the consultant or actuary
appointed by the Plan Administrator and upon all opinions given by any counsel
selected or approved by the Plan Administrator.

         The Plan Administrator shall receive all claims for benefits by
Participants, former Participants, Beneficiaries, spouses, and Contingent
Annuitants. The Plan Administrator shall determine all facts necessary to
establish the right of any Claimant to benefits and the amount of those benefits
under the provisions of the Plan. The Plan Administrator may establish rules and
procedures to be followed by Claimants in filing claims for benefits, in
furnishing and verifying proofs necessary to determine age, and in any other
matters required to administer the Plan.

         SECTION 9.02--EXPENSES.

         Expenses of the Plan, to the extent that the Employer does not pay such
expenses, may be paid out of the assets of the Plan provided that such payment
is consistent with ERISA. Such expenses include, but are not limited to,
expenses for bonding required by ERISA; expenses for recordkeeping and other
administrative services; fees and expenses of the Trustee, Custodian, or Annuity
Contract; expenses for investment education service; and direct costs that the
Employer incurs with respect to the Plan.

                                       63
<PAGE>

         SECTION 9.03--RECORDS.

         All acts and determinations of the Plan Administrator shall be duly
recorded. All these records, together with other documents necessary for the
administration of the Plan, shall be preserved in the Plan Administrator's
custody.

         Writing (handwriting, typing, printing), photostating, photographing,
microfilming, magnetic impulse, mechanical or electrical recording, or other
forms of data compilation shall be acceptable means of keeping records.

         SECTION 9.04--INFORMATION AVAILABLE.

         Any Participant in the Plan or any Beneficiary may examine copies of
the Plan description, latest annual report, any bargaining agreement, this Plan,
the Annuity Contract or any other instrument under which the Plan was
established or is operated. The Plan Administrator shall maintain all of the
items listed in this section in its office, or in such other place or places as
it may designate in order to comply with governmental regulations. These items
may be examined during reasonable business hours. Upon the written request of a
Participant or Beneficiary receiving benefits under the Plan, the Plan
Administrator shall furnish him with a copy of any of these items. The Plan
Administrator may make a reasonable charge to the requesting person for the
copy.

         SECTION 9.05--CLAIM AND APPEAL PROCEDURES.

         A Claimant must submit any required forms and pertinent information
when making a claim for benefits under the Plan.

         If a claim for benefits under the Plan is denied, the Plan
Administrator shall provide adequate written notice to the Claimant whose claim
for benefits under the Plan has been denied. The notice must be furnished within
90 days of the date that the claim is received by the Plan Administrator. The
Claimant shall be notified in writing within this initial 90-day period if
special circumstances require an extension of time needed to process the claim
and the date by which the Plan Administrator's decision is expected to be
rendered. The written notice shall be furnished no later than 180 days after the
date the claim was received by the Plan Administrator.

         The Plan Administrator's notice to the Claimant shall specify the
reason for the denial; specify references to pertinent Plan provisions on which
denial is based; describe any additional material and information needed for the
Claimant to perfect his claim for benefits; explain why the material and
information is needed: inform the Claimant that any appeal he wishes to make
must be in writing to the Plan Administrator within 60 days after receipt of the
Plan Administrator's notice of denial of benefits and that failure to make the
written appeal within such 60-day period renders the Plan Administrator's
determination of such denial final, binding and conclusive.

                                       64
<PAGE>

         If the Claimant appeals to the Plan Administrator, the Claimant for his
authorized representative) may submit in writing whatever issues and comments
the Claimant for his authorized representative) feels are pertinent. The
Claimant (or his authorized representative) may review pertinent Plan documents.
The Plan Administrator shall reexamine all facts related to the appeal and make
a final determination as to whether the denial of benefits is justified under
the circumstances. The Plan Administrator shall advise the Claimant of its
decision within 60 days of his written request for review, unless special
circumstances (such as a hearing) would make rendering a decision within the
60-day limit unfeasible. The Claimant must be notified within the 60-day limit
if an extension is necessary. The Plan Administrator shall render a decision on
a claim for benefits no later than 120 days after the request for review is
received.

         SECTION 9.06--DELEGATION OF AUTHORITY.

         All or any part of the administrative duties and responsibilities under
this article may be delegated by the Plan Administrator to a retirement
committee. The duties and responsibilities of the retirement committee shall be
set out in a separate written agreement.

         SECTION 9.07--EXERCISE OF DISCRETIONARY AUTHORITY.

         The Employer, Plan Administrator, and any other person or entity who
has authority with respect to the management, administration, or investment of
the Plan may exercise that authority in its/his full discretion, subject only to
the duties imposed under ERISA. This discretionary authority includes, but is
not limited to, the authority to make any and all factual determinations and
interpret all terms and provisions of the Plan documents relevant to the issue
under consideration. The exercise of authority will be binding upon all persons,
will be given deference in all courts of law; and will not be overturned or set
aside by any court of law unless found to be arbitrary and capricious or made in
bad faith.

         SECTION 9.08--VOTING AND TENDER OF QUALIFYING EMPLOYER SECURITIES.

         Voting rights with respect to Qualifying Employer Securities will be
passed through to Participants. Participants will be allowed to direct the
voting rights of Qualifying Employer Securities for any matter put to the vote
of shareholders. Before each meeting of shareholders, the Employer shall cause
to be sent to each person with power to control such voting rights a copy of any
notice and any other information provided to shareholders and, if applicable, a
form for instructing the Trustee how to vote at such meeting (or any adjournment
thereof) the number of full and fractional shares subject to such person's
voting control. The Trustee may establish a deadline in advance of the meeting
by which such forms must be received in order to be effective.

         Each Participant shall be entitled to one vote for each snare credited
to his Account.

         If some or all of the Participants have not directed or have not timely
directed the Trustee on how to vote, then the Trustee shall vote such Qualifying
Employer Securities in the same proportion as those shares of Qualifying
Employer Securities for which the Trustee has received proper direction for such
matter.

                                       65
<PAGE>

         Tender rights or exchange offers for Qualifying Employer Securities
will be passed through to Participants. As soon as practicable after the
commencement of a tender or exchange offer for Qualifying Employer Securities,
the Employer shall cause each person with power to control the response to such
tender or exchange offer to be advised in writing the terms of the offer and, if
applicable, to be provided with a form for instructing the Trustee, or for
revoking such instruction, to tender or exchange shares of Qualifying Employer
Securities, to the extent permitted under the terms of such offer. In advising
such persons of the terms of the offer, the Employer may include statements from
the board of directors setting forth its position with respect to the offer.

         If some or all of the Participants have not directed or have not timely
directed the Trustee on how to tender, then the Trustee shall tender such
Qualifying Employer Securities in the same proportion as those shares of
Qualifying Employer Securities for which the Trustee has received proper
direction for such matter.

         If the tender or exchange offer is limited so that all of the share
that the Trustee has been directed to tender or exchange cannot be sold or
exchanged, the shares that each Participant directed to be tendered or exchanged
shall be deemed to have been sold or exchanged in the same ratio that the number
of shares actually sold or exchanged bears to the total number of shares that
the Trustee was directed to tender of exchange.

         The Trustee shall hold the Participant's individual directions with
respect to voting rights or tender decisions in confidence and, except as
required by law, shall not divulge or release such individual directions to
anyone associated with the Employer. The Employer may require verification of
the Trustee's compliance with the directions received from Participants by any
independent auditor selected by the Employer, provided that such auditor agrees
to maintain the confidentiality of such individual directions.

         The Employer may develop procedures to facilitate the exercise of votes
or tender rights, such as the use of facsimile transmissions for the
Participants located in physically remote areas.

         ARTICLE X

         GENERAL PROVISIONS

         SECTION 10.01--AMENDMENTS.

         The Employer may amend this Plan at any time, including any remedial
retroactive changes (within the time specified by Internal Revenue Service
regulations), to comply with any law or regulation issued by any governmental
agency to which the Plan is subject.

         An amendment may not diminish or adversely affect any accrued interest
or benefit of Participants or their Beneficiaries or eliminate an optional form
of distribution with respect to benefits attributable to service before the
amendment nor allow reversion or diversion of Plan assets to the Employer at any
time, except as may be required to comply with any law or regulation issued by
any governmental agency to which the Plan is subject.

                                       66
<PAGE>

         No amendment to this Plan shall be effective to the extent that it has
the effect of decreasing a Participant's accrued benefit. However, a
Participant's Account may be reduced to the extent permitted under Code Section
412(c)(8). For purposes of this paragraph, a Plan amendment which has the effect
of decreasing a Participant's Account or eliminating an optional form of
benefit, with respect to benefits attributable to service before the amendment
shall be treated as reducing an accrued benefit. Furthermore, if the vesting
schedule of the Plan is amended, in the case of an Employee who is a Participant
as of the later of the date such amendment is adopted or the date it becomes
effective, the nonforfeitable percentage (determined as of such date) of such
Employee's right to his employer-derived accrued benefit shall not be less than
his percentage computed under the Plan without regard to such amendment.

         If, as a result of an amendment, an Employer Contribution is removed
that is not 100% immediately vested when made, the applicable vesting schedule
shall remain in effect after the date of such amendment. The Participant shall
not become immediately 100% vested in such Contributions as a result of the
elimination of such Contribution except as otherwise specifically provided in
the Plan.

         An amendment shall not decrease a Participant's vested interest in the
Plan. If an amendment to the Plan, or a deemed amendment in the case of a change
in top-heavy status of the Plan as provided in the MODIFICATION OF VESTING
REQUIREMENTS SECTION of Article XI, changes the computation of the percentage
used to determine that portion of a Participant's Account attributable to
Employer Contributions which is nonforfeitable (whether directly or indirectly),
each Participant or former Participant

         (a) who has completed at least three Years of Service on the date the
election period described below ends (five Years of Service if the Participant
does not have at least one Hour-of-Service in a Plan Year beginning after
December 31, 1988) and

         (b) whose nonforfeitable percentage will be determined on any date
after the date of the change

         may elect, during the election period, to have the nonforfeitable
percentage of his Account that results from Employer Contributions determined
without regard to the amendment. This election may not be revoked. If after the
Plan is changed, the Participant's nonforfeitable percentage will at all times
be as great as it would have been if the change had not been made, no election
needs to be provided. The election period shall begin no later than the date the
Plan amendment is adopted, or deemed adopted in the case of a change in the
top-heavy status of the Plan, and end no earlier than the 60th day after the
latest of the date the amendment is adopted (deemed adopted) or becomes
effective, or the date the Participant is issued written notice of the amendment
(deemed amendment) by the Employer or the Plan Administrator.

         SECTION 10.02--DIRECT ROLLOVERS.

         Notwithstanding any provision of the Plan to the contrary that would
otherwise limit a Distributee's election under this section, a Distributee may
elect, at the time and in the manner prescribed by the Plan Administrator, to
have any portion of an Eligible Rollover Distribution paid directly to an
Eligible Retirement Plan specified by the Distributee in a Direct Rollover.

                                       67
<PAGE>

         Any distributions made under the SMALL AMOUNTS SECTION of this article
(or which are small amounts payments made under Article VIII at complete
termination of the Plan) which are Eligible Rollover Distributions and for which
the Distributee has not elected to either have such distribution paid to him or
to an Eligible Retirement Plan shall be paid to the Distributee.

         SECTION 10.03--MERGERS AND DIRECT TRANSFERS.

         The Plan may not be merged or consolidated with, nor have its assets or
liabilities transferred to, any other retirement plan, unless each Participant
in the plan would (if the plan then terminated) receive a benefit immediately
after the merger, consolidation, or transfer which is equal to or greater than
the benefit the Participant would have been entitled to receive immediately
before the merger, consolidation, or transfer (if this Plan had then
terminated). The Employer may enter into merger agreements or direct transfer of
assets agreements with the employers under other retirement plans which are
qualifiable under Code Section 401(a), including an elective transfer, and may
accept the direct transfer of plan assets, or may transfer plan assets, as a
party to any such agreement. The Employer shall not consent to, or be a party to
a merger, consolidation, or transfer of assets with a defined benefit plan if
such action would result in a defined benefit feature being maintained under
this Plan.

         Notwithstanding any provision of the Plan to the contrary, to the
extent any optional form of benefit under the Plan permits a distribution prior
to the Employee's retirement, death, disability, or severance from employment,
and prior to plan termination, the optional form of benefit is not available
with respect to benefits attributable to assets (including the post-transfer
earnings thereon) and liabilities that are transferred, within the meaning of
Code Section 414(l), to this Plan from a money purchase pension plan qualified
under Code Section 401(a) (other than any portion of those assets and
liabilities attributable to voluntary employee contributions).

         The Plan may accept a direct transfer of plan assets on behalf of an
Eligible Employee. If the Eligible Employee is not an Active Participant when
the transfer is made, the Eligible Employee shall be deemed to be an Active
Participant only for the purpose of investment and distribution of the
transferred assets. Employer Contributions shall not be made for or allocated to
the Eligible Employee and he may not make Participant Contributions, until the
time he meets all of the requirements to become an Active Participant.

         The Plan shall hold, administer, and distribute the transferred assets
as a part of the Plan. The Plan shall maintain a separate account for the
benefit of the Employee on whose behalf the Plan accepted the transfer in order
to reflect the value of the transferred assets.

         Unless a transfer of assets to the Plan is an elective transfer, the
Plan shall apply the optional forms of benefit protections described in the
AMENDMENTS SECTION of this article to all transferred assets.

                                       68
<PAGE>

         A transfer is elective if: (i) the transfer is voluntary, under a fully
informed election by the Participant; (ii) the Participant has an alternative
that retains his Code Section 411(d)(6) protected benefits (including an option
to leave his benefit in the transferor plan, if that plan is not terminating);
(iii) if the transferor plan is subject to Code Sections 401(a)(11) and 417, the
transfer satisfies the applicable spousal consent requirements of the Code; (iv)
the notice requirements under Code Section 417, requiring a written explanation
with respect to an election not to receive benefits in the form of a qualified
joint and survivor annuity, are met with respect to the Participant and spousal
transfer election; (v) the Participant has a right to immediate distribution
from the transferor plan under provisions in the plan not inconsistent with Code
Section 401(a); (vi) the transferred benefit is equal to the Participant's
entire nonforfeitable accrued benefit under the transferor plan, calculated to
be at least the greater of the single sum distribution provided by the
transferor plan (if any) or the present value of the Participant's accrued
benefit under the transferor plan payable at the plan's normal retirement age
and calculated using an interest rate subject to the restrictions of Code
Section 417(e) and subject to the overall limitations of Code Section 415; (vii)
the Participant has a 100% nonforfeitable interest in the transferred benefit;
and (viii) the transfer otherwise satisfies applicable Treasury regulations.

         SECTION 10.04--PROVISIONS RELATING TO THE INSURER AND OTHER PARTIES.

         The obligations of an Insurer shall be governed solely by the
provisions of the Annuity Contract. The Insurer shall not be required to perform
any act not provided in or contrary to the provisions of the Annuity Contract.
Each Annuity Contract when purchased shall comply with the Plan. See the
CONSTRUCTION SECTION of this article.

         Any issuer or distributor of investment contracts or securities is
governed solely by the terms of its policies, written investment contract,
prospectuses, security instruments, and any other written agreements entered
into with the Trustee or Custodian with regard to such investment contracts or
securities.

         Such Insurer, issuer or distributor is not a party to the Plan, nor
bound in any way by the Plan provisions. Such parties shall not be required to
look to the terms of this Plan, nor to determine whether the Employer, the Plan
Administrator, the Trustee, the Custodian, or the Named Fiduciary have the
authority to act in any particular manner or to make any contract or agreement.

         Until notice of any amendment or termination of this Plan or a change
in Trustee or Custodian has been received by the Insurer at its home office or
an issuer or distributor at their principal address, they are and shall be fully
protected in assuming that the Plan has not been amended or terminated and in
dealing with any party acting as Trustee or Custodian according to the latest
information which they have received at their home office or principal address.

         SECTION 10.05--EMPLOYMENT STATUS.

         Nothing contained in this Plan gives an Employee the right to be
retained in the Employer's employ or to interfere with the Employer's right to
discharge any Employee.

                                       69
<PAGE>

         SECTION 10.06--RIGHTS TO PLAN ASSETS.

         An Employee shall not have any right to or interest in any assets of
the Plan upon termination of employment or otherwise except as specifically
provided under this Plan, and then only to the extent of the benefits payable to
such Employee according to the Plan provisions.

         Any final payment or distribution to a Participant or his legal
representative or to any Beneficiaries, spouse or Contingent Annuitant of such
Participant under the Plan provisions shall be in full satisfaction of all
claims against the Plan, the Named Fiduciary, the Plan Administrator, the
Insurer, the Trustee, the Custodian, and the Employer arising under or by virtue
of the Plan.

         SECTION 10.07--BENEFICIARY.

         Each Participant may name a Beneficiary to receive any death benefit
(other than any income payable to a Contingent Annuitant) that may arise out of
his participation in the Plan. The Participant may change his Beneficiary from
time to time. Unless a qualified election has been made, for purposes of
distributing any death benefits before the Participant's Retirement Date, the
Beneficiary of a Participant who has a spouse who is entitled to a Qualified
Preretirement Survivor Annuity shall be the Participant's spouse. The
Participant's Beneficiary designation and any change of Beneficiary shall be
subject to the provisions of the ELECTION PROCEDURES SECTION of Article VI. It
is the responsibility of the Participant to give written notice to the Insurer
of the name of the Beneficiary on a form furnished for that purpose.

         With the Employer's consent, the Plan Administrator may maintain
records of Beneficiary designations for Participants before their Retirement
Dates. In that event, the written designations made by Participants shall be
filed with the Plan Administrator. If a Participant dies before his Retirement
Date, the Plan Administrator shall certify to the Insurer the Beneficiary
designation on its records for the Participant.

         If there is no Beneficiary named or surviving when a Participant dies,
the Participant's Beneficiary shall be the Participant's surviving spouse, or
where there is no surviving spouse, the executor or administrator of the
Participant's estate.

         SECTION 10.08--NONALIENATION OF BENEFITS.

         Benefits payable under the Plan are not subject to the claims of any
creditor of any Participant, Beneficiary, spouse or Contingent Annuitant. A
Participant, Beneficiary, spouse or Contingent Annuitant does not have any
rights to alienate, anticipate, commute, pledge, encumber, or assign any of such
benefits, except in the case of a loan as provided in the LOANS TO PARTICIPANTS
SECTION of Article V. The preceding sentences shall also apply to the creation,
assignment, or recognition of a right to any benefit payable with respect to a
Participant according to a domestic relations order, unless such order is
determined by the Plan Administrator to be a qualified domestic relations order,
as defined in Code Section 414(p), or any domestic relations order entered
before January 1, 1985. The preceding sentences shall not apply to any offset of
a Participant's benefits provided under the Plan against an amount the
Participant is required to pay the Plan with respect to a judgement, order, or
decree issued, or a settlement entered into, on or after August 5, 1997, which
meets the requirements of Code Sections 401(a)(13)(C) or (D).

                                       70
<PAGE>

         SECTION 10.09--CONSTRUCTION.

         The validity of the Plan or any of its provisions is determined under
and construed according to Federal law and, to the extent permissible, according
to the laws of the state in which the Employer has its principal office. In case
any provision of this Plan is held illegal or invalid for any reason, such
determination shall not affect the remaining provisions of this Plan, and the
Plan shall be construed and enforced as it the illegal or invalid provision had
never been included.

         In the event of any conflict between the provisions of the Plan and the
terms of any Annuity Contract issued hereunder, the provisions of the Plan
control.

         SECTION 10.10--LEGAL ACTIONS.

         No person employed by the Employer, no Participant, former Participant,
or their Beneficiaries, or any other person having or claiming to have an
interest in the Plan is entitled to any notice of process. A final judgment
entered in any such action or proceeding shall be binding and conclusive on all
persons having or claiming to have an interest in the Plan.

         SECTION 10.11--SMALL AMOUNTS.

         If consent of the Participant is not required for a benefit which is
immediately distributable in the ELECTION PROCEDURES SECTION of Article VI, a
Participant's entire Vested Account shall be paid in a single sum as of the
earliest of his Retirement Date, the date he dies, or the date he ceases to be
an Employee for any other reason. For purposes of this section, if the
Participant's Vested Account is zero, the Participant shall be deemed to have
received a distribution of such Vested Account. It a Participant would have
received a distribution under the first sentence of this paragraph but for the
fact that the Participant's consent was needed to distribute a benefit which is
immediately distributable, and if at a later time consent would not be needed to
distribute a benefit which is immediately distributable and such Participant has
not again become an Employee, such Vested Account shall be paid in a single sum.
This is a small amounts payment.

         If a small amounts payment is made as of the date the Participant dies,
the small amounts payment shall be made to the Participant's Beneficiary (spouse
if the death benefit is payable to the spouse). If a small amounts payment is
made while the Participant is living, the small amounts payment shall be made to
the Participant. The small amounts payment is in full settlement of benefits
otherwise payable.

         No other small amounts payments shall be made.

         SECTION 10.12--WORD USAGE.

         The masculine gender, where used in this Plan, shall include the
feminine gender and the singular words, as used in this Plan, may include the
plural, unless the context indicates otherwise.

         The words in writing and written, where used in this Plan, shall
include any other forms, such as voice response or other electronic system, as
permitted by any governmental agency to which the Plan is subject.

                                       71
<PAGE>

         SECTION 10.13--CHANGE IN SERVICE METHOD.

         (a) Change of Service Method Under This Plan. If this Plan is amended
to change the method of crediting service from the elapsed time method to the
hours method for any purpose under this Plan, the Employee's service shall be
equal to the sum of (1), (2), and (3) below:

         (1) The number of whole years of service credited to the Employee under
the Plan as of the date the change is effective.

         (2) One year of service for the applicable computation period in which
the change is effective if he is credited with the required number of
Hours-of-Service. If the Employer does not have sufficient records to determine
the Employee's actual Hours-of-Service in that part of the service period before
the effective date of the change, the Hours-of-Service shall be determined using
an equivalency. For any month in which he would be required to be credited with
one Hour-of-Service, the Employee shall be deemed for purposes of this section
to be credited with 190 Hours-of-Service.

         (3) The Employee's service determined under this Plan using the hours
method after the end of the computation period in which the change in service
method was effective.

         If this Plan is amended to change the method of crediting service from
the hours method to the elapsed time method for any purpose under this Plan, the
Employee's service shall be equal to the sum of (4), (5), and (6) below:

         (4) The number of whole years of service credited to the Employee under
the Plan as of the beginning of the computation period in which the change in
service method is effective.

         (5) the greater of (i) the service that would be credited to the
Employee for that entire computation period using the elapsed time method or
(ii) the service credited to him under the Plan as of the date the change is
effective.

         (6) The Employee's service determined under this Plan using the elapsed
time method after the end of the applicable computation period in which the
change in service method was effective.

         (b) Transfers Between Plans with Different Service Methods. If an
Employee has been a participant in another plan of the Employer which credited
service under the elapsed time method for any purpose which under this Plan is
determined using the hours method, then the Employee's service shall be equal to
the sum of (1), (2), and (3) below:

         (1) The number of whole years of service credited to the Employee under
the plan as of the date he became an Eligible Employee under this Plan.

         (2) One year of service for the applicable computation period in which
he became an Eligible Employee if he is credited with the required number of
Hours-of-Service. If the Employer does not have sufficient records to determine
the Employee's actual Hours-of-Service in that part of the service period before
the date he became an Eligible Employee, the Hours-of-Service shall be
determined using an equivalency. For any month in which he would be required to
be credited with one Hour-of-Service, the Employee shall be deemed for purposes
of this section to be credited with 190 Hours-of-Service.

                                       72
<PAGE>

         (3) The Employee's service determined under this Plan using the hours
method after the end of the computation period in which he became an Eligible
Employee.

         If an Employee has been a participant in another plan of the Employer
which credited service under the hours method for any purpose which under this
Plan is determined using the elapsed time method, then the Employee's service
shall be equal to the sum of (4), (5), and (6) below:

         (4) The number of whole years of service credited to the Employee under
the other plan as of the beginning of the computation period under that plan in
which he became an Eligible Employee under this Plan.

         (5) The greater of (i) the service that would be credited to the
Employee for that entire computation period using the elapsed time method or
(ii) the service credited to him under the other plan as of the date he became
an Eligible Employee under this Plan.

         (6) The Employee's service determined under this Plan using the elapsed
time method after the end of the applicable computation period under the other
plan in which he became an Eligible Employee.

         If an Employee has been a participant in a Controlled Group member's
plan which credited service under a different method than is used in this Plan,
in order to determine entry and vesting, the provisions in (b) above shall apply
as though the Controlled Group member's plan were a plan of the Employer.

         Any modification of service contained in this Plan shall be applicable
to the service determined pursuant to this section.

         SECTION 10.14--MILITARY SERVICE.

         Notwithstanding any provision of this Plan to the contrary, the Plan
shall provide contributions, benefits, and service credit with respect to
qualified military service in accordance with Code Section 414(u). Loan
repayments shall be suspended under this Plan as permitted under Code Section
414(u).

         SECTION 10.15--QUALIFICATION OF PLAN.

         If the Plan is denied initial qualification upon filing timely
application, it will be treated as void from the beginning. It will be
terminated and all amounts contributed to the Plan, less expenses paid, shall be
returned to the Employer within one year from the date of denial. If amounts
have been contributed by Employees, the Employer shall refund to each Employee
the amount made by him or, if less, the amount then in his Account resulting
from such amounts. The Insurer, Trustee, and Custodian shall be discharged from
all further obligations.

                                       73
<PAGE>

         ARTICLE XI

         TOP-HEAVY PLAN REQUIREMENTS

         SECTION 11.01--APPLICATION.

         The provisions of this article shall supersede all other provisions in
the Plan to the contrary.

         For the purpose of applying the Top-heavy Plan requirements of this
article, all members of the Controlled Group shall be treated as one Employer.
The term Employer, as used in this article, shall be deemed to include all
members of the Controlled Group, unless the term as used clearly indicates only
the Employer is meant.

         The accrued benefit or account of a participant which results from
deductible employee contributions shall not be included for any purpose under
this article.

         The minimum vesting and contribution provisions of the MODIFICATION OF
VESTING REQUIREMENTS and MODIFICATION OF CONTRIBUTIONS SECTIONS of this article
shall not apply to any Employee who is included in a group of Employees covered
by a collective bargaining agreement which the Secretary of Labor finds to be a
collective bargaining agreement between employee representatives and one or more
employers, including the Employer, if there is evidence that retirement benefits
were the subject of good faith bargaining between such representatives. For this
purpose, the term "employee representatives" does not include any organization
more than half of whose members are employees who are owners, officers, or
executives.

         SECTION 11.02--DEFINITIONS.

         For purposes of this article the following terms are defined:

         Aggregation Group means:

         (a) each of the Employer's qualified plans in which a Key Employee is a
participant during the Plan Year containing the Determination Date (regardless
of whether the plan was terminated) or one of the four preceding Plan Years,

         (b) each of the Employer's other qualified plans which allows the
plan(s) described in (a) above to meet the nondiscrimination requirement of Code
Section 401(a)(4) or the minimum coverage requirement of Code Section 410, and

         (c) any of the Employer's other qualified plans not included in (a) or
(b) above which the Employer desires to include as part of the Aggregation
Group. Such a qualified plan shall be included only if the Aggregation Group
would continue to satisfy the requirements of Code Section 401(a)(4) and Code
Section 410.

         The plans in (a) and (b) above constitute the "required" Aggregation
Group. The plans in (a), (b), and (c) above constitute the "permissive"
Aggregation Group.

                                       74
<PAGE>

         Compensation means compensation as defined in the CONTRIBUTION
LIMITATION SECTION of Article III. For purposes of determining who is a Key
Employee in years beginning before January 1, 1998, Compensation shall include,
in addition to compensation as defined in the CONTRIBUTION LIMITATION SECTION of
Article III, elective contributions. Elective contributions are amounts
excludible from the gross income of the Employee under Code Sections 125,
402(e)(3), 402(h)(1)(B), or 403(b), and contributed by the Employer, at the
Employee's election, to a Code Section 401(k) arrangement, a simplified employee
pension, cafeteria plan, or tax-sheltered annuity. Elective contributions also
include amounts deferred under a Code Section 457 plan maintained by the
Employer.

         Determination Date means as to any plan, for any plan year subsequent
to the first plan year, the last day of the preceding plan year. For the first
plan year of the plan, the last day of that year.

         Key Employee means any Employee or former Employee (and the
Beneficiaries of such Employee) who at any time during the determination period
was:

         (a) an officer of the Employer if such individual's annual Compensation
exceeds 50 percent of the dollar limitation under Code Section 415(b)(1)(A).

         (b) an owner (or considered an owner under Code Section 318) of one of
the ten largest interests in the Employer if such individual's annual
Compensation exceeds 100 percent of the dollar limitation under Code Section
415(c)(1)(A).

         (c) a 5-percent owner of the Employer, or

         (d) a 1-percent owner of the Employer who has annual Compensation of
more than $150,000.

         The determination period is the Plan Year containing the Determination
Date and the four preceding Plan Years.

         The determination of who is a Key Employee shall be made according to
Code Section 416(i)(1) and the regulations thereunder.

         Non-key Employee means any Employee who is not a Key Employee.

         Present Value means the present value of a participant's accrued
benefit under a defined benefit plan. For purposes of establishing Present Value
to compute the Top-heavy Ratio, any benefit shall be discounted only for 7.5%
interest and mortality according to the 1971 Group Annuity Table (Male) without
the 7% margin but with projection by Scale E from 1971 to the later of (a) 1974,
or (b) the year determined by adding the age to 1920, and wherein for females
the male age six years younger is used.

         Top-heavy Plan means a plan which is top-heavy for any plan year
beginning after December 31, 1983. This Plan shall be top-heavy if any of the
following conditions exist:

                                       75
<PAGE>

         (a) The Top-heavy Ratio for this Plan exceeds 60 percent and this Plan
is not part of any required Aggregation Group or permissive Aggregation Group.

         (b) This Plan is a part of a required Aggregation Group, but not part
of a permissive Aggregation Group, and the Top-heavy Ratio for the required
Aggregation Group exceeds 60 percent.

         (c) This Plan is a part of a required Aggregation Group and part of a
permissive Aggregation Group and the Top-heavy Ratio for the permissive
Aggregation Group exceeds 60 percent.

         Top-heavy Ratio means:

         (a) If the Employer maintains one or more defined contribution plans
(including any simplified employee pension plan) and the Employer has not
maintained any defined benefit plan which during the five-year period ending on
the Determination Date(s) has or has had accrued benefits, the Top-heavy Ratio
for this Plan alone or for the required or permissive Aggregation Group, as
appropriate, is a fraction, the numerator of which is the sum of the account
balances of all Key Employees as of the Determination Date(s) (including any
part of any account balance distributed in the five-year period ending on the
Determination Date(s)), and the denominator of which is the sum of all account
balances (including any part of any account balance distributed in the five-year
period ending on the Distribution Date(s)), both computed in accordance with
Code Section 416 and the regulations thereunder. Both the numerator and
denominator of the Top-heavy Ratio are increased to reflect any contribution not
actually made as of the Determination Date, but which is required to be taken
into account on that date under Code Section 416 and the regulations thereunder.

         (b) If the Employer maintains one or more defined contribution plans
(including any simplified employee pension plan) and the Employer maintains or
has maintained one or more defined benefit plans which during the five-year
period ending on the Determination Date(s) has or has had accrued benefits, the
Top-heavy Ratio for any required or permissive Aggregation Group, as
appropriate, is a fraction, the numerator of which is the sum of the account
balances under the aggregated defined contribution plan or plans of all Key
Employees determined in accordance with (a) above, and the Present Value of
accrued benefits under the aggregated defined benefit plan or plans for all Key
Employees as of the Determination Date(s), and the denominator of which is the
sum of the account balances under the aggregated defined contribution plan or
plans for all participants, determined in accordance with (a) above, and the
Present Value of accrued benefits under the defined benefit plan or plans for
all participants as of the Determination Date(s), all determined in accordance
with Code Section 416 and the regulations thereunder. The accrued benefits under
a defined benefit plan in both the numerator and denominator of the Top-heavy
Ratio are increased for any distribution of an accrued benefit made in the
five-year period ending on the Determination Date.

         (c) For purposes of (a) and (b) above, the value of account balances
and the Present Value of accrued benefits will be determined as of the most
recent Valuation Date that falls within or ends with the 12-month period ending
on the Determination Date, except as provided in Code Section 416 and the
regulations thereunder for the first and second plan years of a defined benefit
plan. The account balances and accrued benefits of a participant (i) who is not
a Key Employee but who was a Key Employee in a prior year or (ii) who has not
been credited with at least an hour of service with any employer maintaining the
plan at any time during the five-year period ending on the Determination Date
will be disregarded. The calculation of the Top-heavy Ratio and the extent to
which distributions, rollovers, and transfers are taken into account will be
made in accordance with Code Section 416 and the regulations thereunder.
Deductible employee contributions will not be taken into account for purposes of
computing the Top-heavy Ratio. When aggregating plans, the value of account
balances and accrued benefits will be calculated with reference to the
Determination Dates that fall within the same calendar year.

                                       76
<PAGE>

         The accrued benefit of a participant other than a Key Employee shall be
determined under (i) the method, it any, that uniformly applies for accrual
purposes under all defined benefit plans maintained by the Employer, or (ii) if
there is no such method, as if such benefit accrued not more rapidly than the
slowest accrual rate permitted under the fractional rule of Code Section
411(b)(1)(C).

         SECTION 11.03--MODIFICATION OF VESTING REQUIREMENTS.

         If a Participant's Vesting Percentage determined under Article I is not
at least as great as his Vesting Percentage would be if it were determined under
a schedule permitted in Code Section 416, the following shall apply. During any
Plan Year in which the Plan is a Top-heavy Plan, the Participant's Vesting
Percentage shall be the greater of the Vesting Percentage determined under
Article I or the schedule below.

         VESTING SERVICE NONFORFEITABLE

         (whole years)     PERCENTAGE

         Less than 2       0

         2        20

         3        40

         4        60

         5        80

         6 or more         100

         The schedule above shall not apply to Participants who are not credited
with an Hour-of-Service after the Plan first becomes a Top-heavy Plan. The
Vesting Percentage determined above applies to the portion of the Participant's
Account which is multiplied by a Vesting Percentage to determine his Vested
Account, including benefits accrued before the effective date of Code Section
416 and benefits accrued before this Plan became a Top-heavy Plan.

                                       77
<PAGE>

         If, in a later Plan Year, this Plan is not a Top-heavy Plan, a
Participant's Vesting Percentage shall be determined under Article I. A
Participant's Vesting Percentage determined under either Article I or the
schedule above shall never be reduced and the election procedures of the
AMENDMENTS SECTION of Article X shall apply when changing to or from the
schedule as though the automatic change were the result of an amendment.

         The part of the Participant's Vested Account resulting from the minimum
contributions required pursuant to the MODIFICATION OF CONTRIBUTIONS SECTION of
this article (to the extent required to be nonforfeitable under Code Section
416(b)) may not be forfeited under Code Section 411(a)(3)(B) or (D).

         SECTION 11.04--MODIFICATION OF CONTRIBUTIONS.

         During any Plan Year in which this Plan is a Top-heavy Plan, the
Employer shall make a minimum contribution as of the last day of the Plan Year
for each Employee who is an Employee on the last day of the Plan Year and who
was an Active Participant at any time during the Plan Year. An Employee is not
required to have a minimum number of Hours-of-Service or minimum amount of
Compensation in order to be entitled to this minimum. An Employee who fails to
be an Active Participant merely because his Compensation is less than a stated
amount or merely because of a failure to make mandatory participant
contributions or, in the case of a cash or deferred arrangement, elective
contributions shall be treated as if he were an Active Participant. The minimum
is the lesser of (a) or (b) below:

         (a) 3 percent of such person's Compensation for such Plan Year.

         (b) The "highest percentage" of Compensation for such Plan Year at
which the Employer's contributions are made for or allocated to any Key
Employee. The highest percentage shall be determined by dividing the Employer
Contributions made for or allocated to each Key Employee during the Plan Year by
the amount of his Compensation for such Plan Year, and selecting the greatest
quotient (expressed as a percentage). To determine the highest percentage, all
of the Employer's defined contribution plans within the Aggregation Group shall
be treated as one plan. The minimum shall be the amount in (a) above if this
Plan and a defined benefit plan of the Employer are required to be included in
the Aggregation Group and this Plan enables the defined benefit plan to meet the
requirements of Code Section 401(a)(4) or 410.

         For purposes of (a) and (b) above, Compensation shall be limited by
Code Section 401(a)(17).

         If the Employer's contributions and allocations otherwise required
under the defined contribution plan(s) are at least equal to the minimum above,
no additional contribution shall be required. If the Employer's total
contributions and allocations are less than the minimum above, the Employer
shall contribute the difference for the Plan Year.

         The minimum contribution applies to all of the Employer's defined
contribution plans in the aggregate which are Top-heavy Plans. A minimum
contribution under a profit sharing plan shall be made without regard to whether
or not the Employer has profits.

                                       78
<PAGE>

         If a person who is otherwise entitled to a minimum contribution above
is also covered under another defined contribution plan of the Employer's which
is a Top-heavy Plan during that same Plan Year, any additional contribution
required to meet the minimum above shall be provided in this Plan.

         If a person who is otherwise entitled to a minimum contribution above
is also covered under a defined benefit plan of the Employer's which is a
Top-heavy Plan during that same Plan Year, the minimum benefits for him shall
not be duplicated. The defined benefit plan shall provide an annual benefit for
him on, or adjusted to, a straight life basis equal to the lesser of:

         (c) 2 percent of his average compensation multiplied by his years of
service, or

         (d) 20 percent of his average compensation.

         Average compensation and years of service shall have the meaning set
forth in such defined benefit plan for this purpose.

         For purposes of this section, any employer contribution made according
to a salary reduction or similar arrangement and employer contributions which
are matching contributions, as defined in Code Section 401(m), shall not apply
in determining if the minimum contribution requirement has been met, but shall
apply in determining the minimum contribution required.

         The requirements of this section shall be met without regard to any
Social Security contribution. By executing this Plan, the Primary Employer
acknowledges having counseled to the extent necessary with selected legal and
tax advisors regarding the Plan's legal and tax implications.

         Executed this 17th day of May, 2001.

         EASYLINK SERVICES CORPORATION

         By: /s/ Debra McClister
             ------------------------------

         Title: Trustee; EVP & CFO

         Defined Contribution Plan 8.0

         The Adopting Employer must agree to participate in or adopt the Plan in
writing. If this has not already been done, it may be done by signing below.

         TCOM, INC.

         By:  /s/ Debra McClister
              -----------------------------

         Title:  Trustee; EVP & CFO

         Date:  5/17/2001

                                       79

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