Document:

Exibit 4.10

    

      CERTIFICATE
        OF CORPORATE RESOLUTION

      The
        undersigned Secretary of Capital Corp of the West (the Corporation) hereby
        certifies that the following resolutions were duly adopted by the board of
        directors of the Corporation on August 26, 2003and that such resolutions
        have
        not been modified or rescinded as of the date hereof:

      RESOLVED,
        that the form of amended 40 1(k) Plan and Trust effective January 1, 1997,
        presented to this meeting is hereby approved and adopted and that the proper
        officers of the Corporation are hereby authorized and directed to execute
        and
        deliver to the Trustee of the Plan one or more counterparts of the
        Plan.

      RESOLVED,
        that for purposes of the limitations on contributions and benefits under
        the
        Plan, prescribed by Section 415 of the Internal Revenue Code, the “limitation
        year” shall be the Plan Year.

      RESOLVED,
        that the Administrator of the Plan shall maintain the Participant Loan Program,
        which has been in effect, and which was designed and intended to comply with
        the
        Department of Labor Regulations. A copy of said Participant Loan Program,
        which
        has been updated, en addendum to the Plan, is hereby attached and has been
        reaffirmed by the members of this meeting.

      RESOLVED,
        that not later than the due date (including extensions hereof) of the
        Corporation’s federal income tax return for each of its fiscal years hereafter,
        the Corporation shall contribute to the Plan for each such fiscal year such
        amount as shall be determined by the board of directors of the Corporation
        and
        that the Treasurer of the Corporation is authorized and directed to pay such
        contribution to the Trustee of the Plan in cash or property and to designate
        to
        the Trustee the year for which such contribution is made.

      RESOLVED,
        that the proper officers of the Corporation shall act as soon as possible
        to
        notify the employees of the Corporation of the adoption of the 401(k) by
        delivering to each employee a copy of the summary description of the Plan
        in the
        form of the Summary Plan Description presented to this meeting, which form
        is
        hereby approved.

      RESOLVED,
        that the “EGTRRA Good Faith Plan Amendments,” previously adopted, shall remain
        in effect and shall not be superceded by this amendment of the 401(k) Plan
        and
        Trust.

      The
        undersigned further certifies that attached hereto are true copies of Capital
        Corp of the West 401(k) Plan as amended and restated, Summary Plan Description,
        and Funding Policy and Method approved and adopted in the foregoing
        resolutions.

      

      /s/
        Cherrie Zemanek

      Secretary

      

      8/26/03

      Date

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      CAPITAL
        CORP OF THE WEST 401(K) PLAN

      FUNDING
        POLICY AND METHOD

      

      A
        pension
        benefit plan (as defined in the Employee Retirement Income Security Act of
        1974)
        has been adopted by the company for the purpose of rewarding long and loyal
        service to the company by providing to employees additional financial security
        at retirement. Incidental benefits are provided in the case of disability,
        death
        or other termination of employment.

      Since
        the
        principal purpose of the plan is to provide benefits at normal retirement
        age,
        the principal goal of the investment of the funds in the plan should be both
        security and long-term stability with moderate growth commensurate with the
        anticipated retirement dates of participants. Investments, other than “fixed
        dollar” investments, should be included among the plan’s investments to prevent
        erosion by inflation. However, investments should be sufficiently liquid
        to
        enable the plan, on short notice, to make some distributions in the event
        of the
        death or disability of a participant.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      CAPITAL
        CORP OF THE WEST 401(K) PLAN

      PARTICIPANT
        LOAN PROGRAM

      Capital
        Corp of the West 401(k) Plan permits loans to be made to Plan Participants
        and
        their Beneficiaries. However, the Plan requires that a written loan program
        be
        established which shall set forth the rules and guidelines for issuing loans
        to
        Participants. For purposes of this loan program, “Participants” shall mean Plan
        Participants and their Beneficiaries who are “parties in interest.” The
        Participant Loan Program shall follow the provisions of Article 14 below,
        with
        the following exceptions:

       

      
        	·  	
                Loans
                  will be made in the case of financial hardship only. Hardship will
                  be
                  recognized in the following
                  circumstances:

              

      

       

      1. The
        purchase or preservation of a principal residence.

       

      2. Extraordinary
        medical expenses of the participant or a family member.

       

      3. Educational
        expenses of the participant or a family member.

       

      
        	
                14.4

              	
                Reasonable
                  Interest Rate. A Participant will be charged the prime rate of
                  interest
                  (as published in the Wall Street Journal) plus
                  2%.

              

      

       

      
        	
                14.7

              	
                Loan
                  Limitations. A Participant loan may not be made to the extent such
                  loan
                  (when added to the outstanding balance of all other loans made
                  to the
                  Participant) exceeds the lesser of:

              

      

       

      
        	 	
                (a)

              	
                $50,000
                  (reduced by the excess, if any, of the Participant’s highest outstanding
                  balance of loans from the Plan during the one-year period ending
                  on the
                  day before the date on which such loan is made, over the Participant’s
                  outstanding balance of loans from the Plan as of the date such
                  loan is
                  made) or

              

      

       

      
        	 	
                (b)

              	
                one-half
                  (1/2) of the Participant’s vested Account Balance, determined as of the
                  Valuation Date coinciding with or immediately preceding such loan,
                  adjusted for any contributions or distributions made since such
                  Valuation
                  Date.

              

      

       

      A
        Participant may not receive a Participant loan of less than $1,000 nor may
        a
        Participant have more than one Participant loan outstanding at any time.
        A loan
        processing fee will be deducted from the Participant’s loan proceeds. A
        Participant may renegotiate a loan without violating the one outstanding
        loan
        requirement to the extent such renegotiated loan is a new loan (i.e., the
        renegotiated loan separately satisfies the reasonable interest rate requirement
        under Section 14.4, the adequate security requirement under Section 14.5,
        and
        the periodic repayment requirement under Section 14.6). and the renegotiated
        loan does not exceed the limitations under (a) or (b) above, treating both
        the
        replaced loan and the renegotiated loan as outstanding at the same time.
        However, if the term of the renegotiated loan does not end later than the
        original term of the replaced loan, the replaced loan may be ignored in applying
        the limitations under (a) and (b) above.

       

      In
        applying the limitations under this Section, all plans maintained by the
        Employer are aggregated and treated as a single plan. In addition, any
        assignment or pledge of any portion of the Participant’s interest in the Plan
        and any loan, pledge, or assignment with respect to any insurance contract
        purchased under the Plan will be treated as loan under this
        Section.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      A
        separate written loan policy or written modifications to this loan policy
        may
        (1) modify the limitations on the amount of a Participant loan; (2) modify
        or
        eliminate the minimum loan amount requirement; (3) permit a Participant to
        have
        more than one loan outstanding at a time; (4) prescribe limitations on the
        purposes for which loans may be required; or (5) prescribe rules for
        reamortization, consolidation, renegotiation, or refinancing of
        loans.

       

      ARTICLE
        14

       

      PARTICIPANT
        LOANS

       

      This
        Article contains rules for providing loans to Participants under the Plan.
        This
        Article applies if: (1) the Employer elects under Part 12 of the Agreement
        to
        provide loans to Participants or (2) if Part 12 does not specify whether
        Participant loans are available, the Plan Administrator decides to implement
        a
        Participant loan program. Any Participant loans will be made pursuant to
        the
        default loan policy prescribed by this Article 14 unless the Plan Administrator
        adopts a separate written loan policy or modifies the default loan policy
        in
        this Article 14 by adopting modified loan provisions. If the Employer adopts
        a
        separate written loan policy or written modifications to the default loan
        program in this Article, the terms of such loan policy or written modifications
        will control over the terms of this Plan with respect to the administration
        of
        any Participant loans.

       

      14.1 Default
        Loan Policy. Loans are available under this Article only if such
        loans:

       

      
        	 	
                (a)

              	
                are
                  available to Participants on a reasonably equivalent basis (see
                  Section
                  14.3);

              

      

       

      
        	 	
                (b)

              	
                are
                  not available to Highly Compensated Employees in an amount greater
                  than
                  the amount that is available to other
                  Participants;

              

      

       

      
        	 	
                (c)

              	
                bear
                  a reasonable rate of interest (as determined under Section 14.4)
                  and are
                  adequately secured (as determined under Section
                  14.5);

              

      

       

      
        	 	
                (d)

              	
                provide
                  for periodic repayment within a specified period of time (as determined
                  under Section 14.6); and

              

      

       

      
        	 	
                (e)

              	
                do
                  not exceed, for any Participant, the amount designated under Section
                  14.7.

              

      

       

      A
        separate written loan policy may not modify the requirements under subsections
        (a) through (e) above, except as permitted in the referenced Sections of
        this
        Article.

       

      
        	
                14.2

              	
                Administration
                  of Loan Program. A Participant loan is available under this Article
                  only
                  if the Participant makes a request for such a loan in accordance
                  with the
                  provisions of this Article or in accordance with a separate written
                  loan
                  policy. To receive a Participant loan, a Participant must sign
                  a
                  promissory note along with a pledge or assignment of the portion
                  of the
                  Account Balance used for security on the loan. Except as provided
                  in a
                  separate loan policy or in a written modification to the default
                  loan
                  policy in this Article, any reference under this Article 14 to
                  a
                  Participant means a Participant or Beneficiary who is a party in
                  interest
                  (as defined in ERISA §3(14)).

              

      

       

      In
        the
        case of a restated Plan, if any provision of this Article 14 is more restrictive
        than the terms of the Plan (or a separate written loan policy) in effect
        prior
        to the adoption of this Prototype Plan, such provision shall apply only to
        loans
        finalized after the adoption of this Prototype Plan, even if the restated
        Effective Date indicated in the Agreement predates the adoption of the
        Plan.

       

      
        	
                14.3

              	
                Availability
                  of Participant Loans. Participant loans must be made available
                  to
                  Participants in a reasonably equivalent manner. The Plan Administrator
                  may
                  refuse to make a Joan to any

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Participant
        who is determined to be not creditworthy. For this purpose, a Participant
        is not
        creditworthy if, based on the facts and circumstances, it is reasonable to
        believe that the Participant will not repay the loan. A Participant who has
        defaulted on a previous loan from the Plan and has not repaid such loan (with
        accrued interest) at the time of any subsequent loan will not be treated
        as
        creditworthy until such time as the Participant repays the defaulted loan
        (with
        accrued interest). A separate written loan policy or written modification
        to
        this loan policy may prescribe different rules for determining creditworthiness
        and to what extent creditworthiness must be determined.

       

      Paragraph
        in Basic Plan Document deleted by EG TRRA.

       

      14.4        
        Superceded
        by Section 14.4 above.

       

      
        	
                14.5

              	
                Adequate
                  Security. All Participant loans must be adequately secured. The
                  Participant’s vested Account Balance shall be used as security for a
                  Participant loan provided the outstanding balance of all Participant
                  loans
                  made to such Participant does not exceed 50% of the Participant’s vested
                  Account Balance, determined immediately after the origination of
                  each
                  loan, and if applicable, the spousal consent requirements described
                  in
                  Section 14.9 have been satisfied. The Plan Administrator (with
                  the consent
                  of the Trustee) may require a Participant to provide additional
                  collateral
                  to receive a Participant loan if the Plan Administrator determines
                  such
                  additional collateral is required to protect the interests of Plan
                  Participants. A separate loan policy or written modifications to
                  this loan
                  policy may prescribe alternative rules for obtaining adequate security.
                  However, the 50% rule in this paragraph may not be replaced with
                  a greater
                  percentage.

              

      

       

      
        	
                14.6

              	
                Periodic
                  Repayment. A Participant loan must provide for level amortization
                  with
                  payments to be made not less frequently than quarterly. A Participant
                  loan
                  must be payable within a period not exceeding five (5) years from
                  the date
                  the Participant receives the loan from the Plan, unless the loan
                  is for
                  the purchase of the Participant’s principal residence, in which case the
                  loan must be payable within a reasonable time commensurate with
                  the
                  repayment period permitted by commercial lenders for similar loans.
                  Loan
                  repayments must be made through payroll withholding, except to
                  the extent
                  the Plan Administrator determines payroll withholding is not practical
                  given the level of a Participant’s wages, the frequency with which the
                  Participant is paid, or other
                  circumstances.

              

      

       

      
        	 	
                (a)

              	
                Unpaid
                  leave of absence. A Participant with an outstanding Participant
                  loan may
                  suspend loan payments to the Plan for up to 12 months for any period
                  during which the Participant is on an unpaid leave of absence.
                  Upon the
                  Participant’s return to employment (or after the end of the 12-month
                  period, if earlier), the Participant’s outstanding loan will be
                  reamortized over the remaining period of such loan to make up for
                  the
                  missed payments. The reamortized loan may extend beyond the original
                  loan
                  term so long as the loan is paid in full by whichever of the following
                  dates comes first: (1) the date which is five (5) years from the
                  original
                  date of the loan (or the end of the suspension, if sooner), or
                  (2) the
                  original loan repayment deadline (or the end of the suspension
                  period, if
                  later) plus the length of the suspension
                  period.

              

      

       

      
        	 	
                (b)

              	
                Military
                  leave. A Participant with an outstanding Participant loan also
                  may suspend
                  loan payments for any period such Participant is on military leave,
                  in
                  accordance with Code §414(u)(4). Upon the Participant’s return from
                  military leave (or the expiration of five years from the date the
                  Participant began his/her military leave, if earlier), loan payments
                  will
                  recommence under the amortization schedule in effect prior to the
                  Participant’s military leave, without regard to the five-year maximum loan
                  repayment period. Alternatively, the loan may be reamortized to
                  require a
                  different level of loan payment, as long as
                  the

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      amount
        and frequency of such payments are not less than the amount and frequency
        under
        the amortization schedule in effect prior to the Participants military
        leave.

       

      A
        separate loan policy or written modification to this loan policy may (1)
        modify
        the time period for repaying Participant loans, provided Participant loans
        are
        required to be repaid over a period that is not longer than the periods
        described in this Section; (2) specify the frequency of Participant loan
        repayments, provided the payments are required at least quarterly; (3) modify
        the requirement that loans be repaid through payroll withholding; or (4)
        modify
        or eliminate the leave of absence and/or military leave rules under this
        Section.

       

      14.7        
        Superceded
        by Section 14.7 above.

       

      
        	
                14.8

              	
                Segregated
                  Investment. A Participant loan is treated as a segregated investment
                  on
                  behalf of the individual Participant for whom the loan is made.
                  The Plan
                  Administrator may adopt separate administrative procedures for
                  determining
                  which type or types of contributions (and the amount of each type
                  of
                  contribution) may be used to provide the Participant loan. If the
                  Plan
                  Administrator does not adopt procedures designating the type of
                  contributions from which the Participant loan will be made, such
                  loan is
                  deemed to be made on a proportionate basis from each type of
                  contribution.

              

      

       

      Unless
        requested otherwise on the Participant’s loan application, a Participant loan
        will be made equally from all investment funds in which the applicable
        contributions are held. A Participant or Beneficiary may direct the Trustee,
        on
        his/her loan application, to withdraw the Participant loan amounts from a
        specific investment fund or funds. A Participant loan will not violate the
        requirements of this default loan policy merely because the Plan Administrator
        does not permit the Participant to designate the contributions or funds from
        which the Participant loan will be made. Each payment of principal and interest
        paid by a Participant on hisJher Participant loan shall be credited
        proportionately to such Participant’s Account(s) and to the investment funds
        within such Account(s).

       

      A
        separate loan policy or written modifications to this loan policy may modify
        the
        rules of this Section without limitation, including prescribing different
        rules
        for determining the source of a loan with respect to contribution types and
        investment funds.

       

      
        	
                14.9

              	
                Spousal
                  Consent. If this Plan is subject to the Joint and Survivor Annuity
                  requirements under Article 9, a Participant may not use his/her
                  Account
                  Balance as security for a Participant loan unless the Participant’s
                  spouse, if any, consents to the use of such Account Balance as
                  security
                  for the loan. The spousal consent must be made within the 90-day
                  period
                  ending on the date the Participant’s Account Balance is to be used as
                  security for the loan. Spousal consent is not required, however,
                  if the
                  value of the Participant’s total vested Account Balance (as determined
                  under Section 8.3(e)) does not exceed $5,000 ($3,500 for loans
                  made before
                  the time the $5,000 rules becomes effective under Section 8.3).
                  If the
                  Plan is not subject to the Joint and Survivor Annuity requirements
                  under
                  Article 9, a spouse’s consent is not required to use a Participant’s
                  Account Balance as security for a Participant loan, regardless
                  of the
                  value of the Participant’s Account
                  Balance.

              

      

       

      Any
        spousal consent required under this Section must be in writing, must acknowledge
        the effect of the loan, and must be witnessed by a plan representative or
        notary
        public. Any such consent to use the Participant’s Account Balance as security
        for a Participant loan is binding with respect to the consenting spouse and
        with
        respect to any subsequent spouse as it applies to such loan. A new spousal
        consent will be required if the Account Balance is subsequently used as security
        for a renegotiation, extension, renewal, or other revision of the loan. A
        new
        spousal consent also will

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      be
        required only if any portion of the Participant’s Account Balance will be used
        as security for a subsequent Participant loan.

       

      A
        separate loan policy or written modifications to this loan policy may not
        eliminate the spousal consent requirement where it would be required under
        this
        Section, but may impose spousal consent requirements that are not prescribed
        by
        this Section.

       

      
        	
                14.10

              	
                Procedures
                  for Loan Default.
                  A
                  Participant will be considered to be in default with respect to
                  a loan if
                  any scheduled repayment with respect to such loan is not made by
                  the end
                  of the calendar quarter following the calendar quarter in which
                  the missed
                  payment was due.

              

      

       

      If
        a
        Participant defaults on a Participant loan, the Plan may not offset the
        Participant’s Account Balance until the Participant is otherwise entitled to an
        immediate distribution of the portion of the Account Balance that will be
        offset
        and such amount being offset is available as security on the loan, pursuant
        to
        Section 14.5. For this purpose, a loan default is treated as an immediate
        distribution event to the extent the law does not prohibit an actual
        distribution of the type of contributions which would be offset as a result
        of
        the loan default (determined without regard to the consent requirements under
        Articles 8 and 9, so long as spousal consent was properly obtained at the
        time
        of the loan, if required under Section 14.9). The Participant may repay the
        outstanding balance of a defaulted loan (including accrued interest through
        the
        date of repayment) at any time.

       

      Pending
        the offset of a Participant’s Account Balance following a defaulted loan, the
        following rules apply to the amount in default.

       

      
        	 	
                (a)

              	
                Interest
                  continues to accrue on the amount in default until the time of
                  the loan
                  offset or, if earlier, the date the loan repayments are made current
                  or
                  the amount is satisfied with other
                  collateral.

              

      

       

      
        	 	
                (b)

              	
                A
                  subsequent offset of the amount in default is not reported as a
                  taxable
                  distribution, except to the extent the taxable portion of the default
                  amount was not previously reported by the Plan as a taxable
                  distribution.

              

      

       

      
        	 	
                (c)

              	
                The
                  post-default accrued interest included in the loan offset is not
                  reported
                  as a taxable distribution at the time of the
                  offset.

              

      

       

      A
        separate loan policy or written modifications to this loan policy may modify
        the
        procedures for determining a loan default.

       

      14.11       Termination
        of Employment.

       

      
        	 	
                (a)

              	
                Offset
                  of outstanding loan. A Participant loan becomes due and payable
                  in full
                  immediately upon the Participant’s termination of employment. Upon a
                  Participant’s termination, the Participant may repay the entire
                  outstanding balance of the loan (including any accrued interest)
                  within a
                  reasonable period following termination of employment. If the Participant
                  does not repay the entire outstanding loan balance, the Participant’s
                  vested Account Balance will be reduced by the remaining outstanding
                  balance of the loan (without regard to the consent requirements
                  under
                  Articles 8 and 9, so long as spousal consent was properly obtained
                  at the
                  time of the loan, if required under Section 14.9), to the extent
                  such
                  Account Balance is available as security on the loan, pursuant
                  to Section
                  14.5, and the remaining vested Account Balance will be distributed
                  in
                  accordance with the distribution provisions under Article 8. If
                  the
                  outstanding loan balance of a deceased Participant is not repaid,
                  the
                  outstanding loan balance shall be treated as
                  a

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      distribution
        to the Participant and shall reduce the death benefit amount payable to the
        Beneficiary under Section 8.4.

       

      
        	 	
                (b)

              	
                Direct
                  Rollover. Upon termination of employment, a Participant may request
                  a
                  Direct Rollover of the loan note (provided the distribution is
                  an Eligible
                  Rollover Distribution as defined in Section 8.8(a)) to another
                  qualified
                  plan which agrees to accept a Direct Rollover of the loan note.
                  A
                  Participant may not engage in a Direct Rollover of a loan to the
                  extent
                  the Participant has already received a deemed distribution with
                  respect to
                  such loan. (See the rules regarding deemed distributions upon a
                  loan
                  default under Section 14.10.)

              

      

       

      
        	 	
                (c)

              	
                Modified
                  loan policy. A separate loan policy or written modifications to
                  this loan
                  policy may modify this Section 14.11, including, but not limited
                  to: (1) a
                  provision to permit loan repayments to continue beyond termination
                  of
                  employment; (2) to prohibit the Direct Rollover of a loan note;
                  and (3) to
                  provide for other events that may accelerate the Participant’s repayment
                  obligation under the loan.

              

      

       

      Accepted
        by: /s/Thomas
        T. Hawker
        Date:
9/2/03Exibit 4.11

    

      CAPITAL
        CORP OF THE WEST

      EMPLOYEE
        STOCK OWNERSHIP PLAN

      Table
        of Contents

      Page

      
        	
                ARTICLE
                  I - PURPOSE

              	
                2

              
	
                1.1
                  Exclusive Benefit

              	
                2

              
	
                1.2
                  Employment

              	
                3

              
	
                1.3
                  Effective Date

              	
                3

              
	
                ARTICLE
                  II- DEFINITIONS

              	
                3

              
	
                2.1
                  Accrued Benefit

              	
                3

              
	
                2.2
                  Administrative Committee

              	
                3

              
	
                2.3
                  Affiliated Company

              	
                3

              
	
                2.4
                  Beneficiary

              	
                4

              
	
                2.5
                  Board or Board of Directors

              	
                4

              
	
                2.6
                  Cash-Out

              	
                4

              
	
                2.7
                  Code

              	
                4

              
	
                2.8
                  Company

              	
                5

              
	
                2.9
                  Compensation

              	
                5

              
	
                2.10
                  Employee

              	
                5

              
	
                2.11
                  Employer

              	
                6

              
	
                2.12
                  Employer Account

              	
                6

              
	
                2.13
                  ERISA

              	
                7

              
	
                2.14
                  Exempt Loan

              	
                7

              
	
                2.15
                  Fair Market Value

              	
                7

              
	
                2.16
                  Family Member

              	
                7

              
	
                2.17
                  Forfeiture

              	
                8

              
	
                2.18
                  Highly Compensated Employee

              	
                8

              
	
                2.19
                  Hour Of Service

              	
                9

              
	
                2.20
                  Leave Of Absence

              	
                11

              
	
                2.21
                  Member Company

              	
                11

              

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

        
          	
                  2.22
                    Net Profits

                	
                  11

                
	
                  2.23
                    Normal Retirement Age

                	
                  12

                
	
                  2.24
                    One (1) Year Break In Service

                	
                  12

                
	
                  2.25
                    Participant

                	
                  13

                
	
                  2.26
                    Plan

                	
                  13

                
	
                  2.27
                    Plan Administrator

                	
                  13

                
	
                  2.28
                    Plan Year

                	
                  13

                
	
                  2.29
                    Qualified Election Period

                	
                  13

                
	
                  2.30
                    Qualified Participant

                	
                  13

                
	
                  2.31
                    Qualifying Employer Security

                	
                  13

                
	
                  2.32
                    Retirement

                	
                  13

                
	
                  2.33
                    Service

                	
                  14

                
	
                  2.34
                    Stock

                	
                  15

                
	
                  2.35
                    Termination Date

                	
                  15

                
	
                  2.36
                    Total And Permanent Disability

                	
                  15

                
	
                  2.37
                    Total Service For Vesting

                	
                  15

                
	
                  2.38
                    Trust

                	
                  15

                
	
                  2.39
                    Trust Fund

                	
                  16

                
	
                  2.40
                    Unallocated Stock Account

                	
                  16

                
	
                  2.41
                    Valuation Date

                	
                  16

                
	
                  2.42
                    Year Of Service For Accrual Of Benefits

                	
                  16

                
	
                  2.43
                    Year Of Service For Participation

                	
                  16

                
	
                  2.44
                    Year Of Service For Vesting

                	
                  17

                
	
                  ARTICLE
                    III ELIGIBILITY TO PARTICIPATE

                	
                  17

                
	
                  3.1
                    Initial Entry

                	
                  17

                
	
                  3.2
                    Resumption of Participation

                	
                  17

                
	
                  ARTICLE
                    IV - CONTRIBUTIONS TO THE TRUST

                	
                  18

                
	
                  4.1
                    Amount Of Contributions To Participants

                	
                  18

                
	
                  4.2
                    Manner Of Allocation

                	
                  18

                
	
                  4.3
                    Permissible Types Of Employer Contributions

                	
                  19

                
	
                  4.4
                    Interim Allocation To Unallocated Stock Account

                	
                  19

                
	
                  4.5
                    General Accounting

                	
                  19

                
	
                  4.6
                    Additional Provisions

                	
                  20

                

        

         

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

        
          	
                  ARTICLE
                    V - ADMII\IISTRATION OF ACCOUNTS

                	
                  20

                
	
                  5.1
                    Investments

                	
                  20

                
	
                  5.2
                    Invest In Single Fund And Reasonable Rules

                	
                  20

                
	
                  5.3
                    Valuation Of Assets

                	
                  20

                
	
                  5.4
                    Limitations On Allocations To Each Participant

                	
                  22

                
	
                  5.5
                    Allocation Limitation-- More Than One Defined Contribution
                    Plan

                	
                  23

                
	
                  5.6
                    Designation Of Beneficiary

                	
                  24

                
	
                  5.7
                    Participant Voting And Exercise Of Stock Rights

                	
                  24

                
	
                  ARTICLE
                    VI - VESTING

                	
                  25

                
	
                  6.1
                    Employer Account Vesting On Death, Retirement, Or Total Permanent
                    Disability

                	
                  25

                
	
                  6.2
                    Employer Account Vesting On Termination

                	
                  25

                
	
                  6.3
                    Restoration Of Forfeitures

                	
                  26

                
	
                  ARTICLE
                    VII- DISTRIBUTION OF BENEFITS

                	
                  27

                
	
                  7.1
                    Method of Distribution of Accounts

                	
                  27

                
	
                  7.2
                    Time Of Distribution

                	
                  28

                
	
                  7.3
                    Segregation If Installment Distribution

                	
                  31

                
	
                  7.4
                    Non-Segregation If Installment Distribution

                	
                  32

                
	
                  7.5
                    Distribution After Death Of Participant

                	
                  32

                
	
                  7.6
                    Distribution After Death Of Beneficiary

                	
                  32

                
	
                  7.7
                    Direct Rollover

                	
                  33

                
	
                  7.8
                    Suspense Account For Terminated Participants

                	
                  34

                
	
                  7.9
                    Unable To Locate Participant Or Beneficiary

                	
                  35

                
	
                  7.10
                    Repayment Of Cash-Out

                	
                  36

                
	
                  7.11
                    Options Of Participants To Sell Stock

                	
                  36

                
	
                  7.12
                    Right Of First Refusal

                	
                  37

                
	
                  7.13
                    Other Restrictions

                	
                  38

                
	
                  7.14
                    Distribution Of Dividends

                	
                  38

                
	
                  7.15
                    Diversification Of Investments

                	
                  38

                
	
                  7.16
                    Qualified Domestic Relations Orders

                	
                  39

                
	
                  ARTICLE
                    VIII - DUTIES AND AUTHORITY OF TRUSTEE

                	
                  40

                
	
                  8.1
                    Receive Payments

                	
                  40

                

        

        
        

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	
                8.2
                  Evaluate Assets

              	
                40

              
	
                8.3
                  Segregation Of Accounts

              	
                40

              
	
                8.4
                  Tax Returns And Reports

              	
                41

              
	
                8.5
                  Powers

              	
                41

              
	
                8.6
                  Expenses

              	
                43

              
	
                8.7
                  Litigation

              	
                44

              
	
                8.8
                  Written Instructions

              	
                44

              
	
                8.9
                  Appointment Of Investment Manager

              	
                44

              
	
                8.10
                  Removal And Resignation Of The Trustee

              	
                44

              
	
                8.11
                  Loans From Disqualified Persons

              	
                45

              
	
                ARTICLE
                  IX - DUTIES AND AUTHORITY OF ADMINISTRATIVE COMMITTEE

              	
                46

              
	
                9.1
                  Appointment

              	
                46

              
	
                9.2
                  No Discrimination

              	
                47

              
	
                9.3
                  Majority Action

              	
                47

              
	
                9.4
                  Powers

              	
                47

              
	
                9.5
                  Filing Reports

              	
                48

              
	
                9.6
                  Records And Information

              	
                48

              
	
                9.7
                  Information To Participants

              	
                48

              
	
                9.8
                  Compensation Of Members

              	
                48

              
	
                9.9
                  Review Of Participant?s Claims

              	
                48

              
	
                ARTICLE
                  X - MODIFICATIONS FOR TOP HEAVY PLANS

              	
                49

              
	
                10.1
                  Application Of Article

              	
                49

              
	
                10.2
                  Definitions

              	
                49

              
	
                10.3
                  Accelerated Vesting

              	
                53

              
	
                10.4
                  Minimum Contributions

              	
                53

              
	
                10.5
                  Limitation On Compensation Taken Into Account Under Plan

              	
                55

              
	
                ARTICLE
                  XI- AMENDMENT AND TERMINATION

              	
                55

              
	
                11.1
                  Rights To Suspend Or Terminate Plan

              	
                55

              
	
                11.2
                  Successor Corporation

              	
                55

              
	
                11.3
                  Amendment

              	
                55

              

      

      
      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
        	
                11.4
                  One Hundred Percent (100%) Vesting On Termination Of Plan

              	
                56

              
	
                11.5
                  Plan Merger Or Consolidation

              	
                56

              
	
                ARTICLE
                  XII- MISCELLANEOUS

              	
                56

              
	
                12.1
                  Laws of California To Apply

              	
                56

              
	
                12.2
                  Participant Cannot Transfer Or Assign Benefits

              	
                57

              
	
                12.3
                  Right To Perform Alternative Acts

              	
                57

              
	
                12.4
                  Reversion Of Contributions Under Certain Circumstances

              	
                57

              
	
                12.5
                  Plan Administrator Agent For Service Of Process

              	
                58

              
	
                12.6
                  Filing Tax Returns And Reports

              	
                58

              
	
                12.7
                  Indemnification

              	
                58

              
	
                12.8
                  Number And Gender

              	
                59

              
	
                12.9
                  Military Service

              	
                59

              
	
                12.10
                  Board Funding Authority

              	
                59

              
	
                ARTICLE
                  XIII - EXEMPT LOANS

              	
                60

              
	
                13.1
                  UseOf Proceeds

              	
                60

              
	
                13.2
                  Interest Rate

              	
                60

              
	
                13.3
                  Non-Recourse

              	
                60

              
	
                13.4
                  Limitations On Payments

              	
                61

              
	
                13.5
                  Forfeiture Of Qualifying Employer Securities

              	
                61

              
	
                13.6
                  Limitation On Future Obligation

              	
                61

              

      

      
      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      CAPITAL
        CORP OF THE WEST

      EMPLOYEE
        STOCK OWNERSHIP PLAN

      

      RECITALS

      This
        Stock Bonus Employee Stock Ownership Plan and Trust Agreement (Plan) is made
        by
        and between Capital Corp of the West, a California corporation, having its
        principal place of business at 550 West Main Avenue, Merced, California 95308
        (Employer) and Ed Rocha, Michael T. Ryan, Paul Williams and R. Dale McKinney
        (Trustees).

      

      A. Effective
        December 31, 1981, the Employer adopted the Plan.

       

      
        	
                B.

              	
                On
                  or about D-?cember 12, 1994, the Plan was amended and re ?ited,
                  retroactively effective January 1, 1987, and was then known as
                  the County
                  Bank Stock Bonus Employee Stock Ownership
                  Plan.

              

      

       

      
        	
                C.

              	
                Effective
                  January 1, 1993, the Plan was amended to add technical provisions
                  required
                  by the IRS in order to obtain a determination letter complying
                  with the
                  Tax Reform Act of 1986 and regulations then in
                  effect.

              

      

       

      
        	
                D.

              	
                Effective
                  May 1, 1996, the Plan was amended to change the Plan?s distribution
                  provisions and to change the initial entry date into the
                  Plan.

              

      

       

      
        	
                E.

              	
                On
                  June 30, 1997, the Plan was amended effective for Plan years beginning
                  after December 11, 1994 to comply with Rev. Rul. 94-76 relating
                  to direct
                  transfers.

              

      

       

      
        	
                F.

              	
                On
                  June 10, 1997, the Plan was amended to comply with certain provisions
                  of
                  the Uniformed Services Employment and Reemployment
                  Act.

              

      

       

      
        	
                G.

              	
                On
                  July 17, 1997, the employer amended the Plan, effective January
                  1, 1998,
                  to clarify the Trust?s accounting treatment of stock dividends
                  paid on the
                  Plan?s employer securities and to add provisions clarifying the
                  Trust?s
                  accounting treatment for stock
                  splits.

              

      

       

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      
        	
                H.

              	
                The
                  Employer amended the Plan, effective June 30, 2000,
                  to:

              

      

       

      
        	?  	
                Clarify
                  when individuals who are rehired by the Employer resume participation
                  in
                  the Plan; and

              

      

       

      
        	?  	
                Change
                  the distribution timing rules of the Plan to allow Participants
                  to receive
                  a distribution as soon as administratively feasible after the Valuation
                  Date following the Participant?s Termination Date and based upon
                  either:
                  the value of the Qualifying Employer Securities as of the preceding
                  year
                  end Valuation Date if such Termination Date is January 1 through
                  June 30
                  of the Plan Year; or as of the next following Valuation Date if
                  such
                  Termination Date is July 1 through December 31 of the Plan
                  Year.

              

      

       

      I. The
        Employer and the Trustee now wish to amend and restate the plan document
        to
        adopt the technical changes necessary for the Plan to conform with changes
        in
        the law enacted by the General Agreement on Tariffs and Trade (GATT), Uniformed
        Services Employment and Reemployment Rights Act of 1994 (USERRA), Small Business
        Job Protection Act of 1996 (SBJPA), the Taxpayer Relief Act of 1997 (TRA
        97),
        the Restructuring and Reform Act of 1998 (RRA 98), the Community Renewal
        Tax
        Relief Act of 2000 (CRA), and applicable Treasury Regulations issued
        thereun?ler.

       

      ARTICLE
        I
        - PURPOSE

       

      1.1
        Exclusive
        Benefit.

       

      This
        Plan
        has been executed for the exclusive benefit of the Participants hereunder
        and
        their Beneficiaries. This Plan shall be interpreted in a manner consistent
        with
        this intent and with the intention of the Employer that this Plan and its
        related Trust satisfy Internal Revenue Code (Code) section 401 and Code section
        501. This Plan is created for the sole purpose of enabling Employees of the
        Employer to share in its growth. This Plan and Trust are intended to constitute
        a stock bonus employee stock ownership plan, within the meaning of Code section
        4975(e)(7), which will invest primarily in Qualifying Employer Securities.
        Under
        no circumstances shall the Trust Fund ever revert to, or be used or enjoyed
        by
        the Employer, except as provided in the Reversion Of Contributions Under
        Certain
        Circumstances section below.

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      1.2 Employment.

       

      Nothing
        contained in this Plan and Trust document is intended nor shall it be deemed
        to
        create a contract between the Company and any Employee. This Plan and Trust
        document shall not affect any rights or obligations of the Company or any
        Employee to continue or terminate employment.

       

      1.3 Effective
        Date.

       

      This
        Plan
        and Trust document as restated, is effective January 1, 2000, except as
        specifically noted elsewhere in this Plan. This Plan and Trust contains all
        provisions required by the Code, up to and including the Unemployment
        Compensation Amendments of 1992 (UCA), Omnibus Budget Reconciliation Act
        of 1993
        (OBRA 93), General Agreement on Tariffs and Trade (GATT), Uniformed Services
        Employment and Reemployment Rights Act of 1994 (USERRA), Small Business Job
        Protection Act of 1996 (SBJPA) and the Tax Reform Act of 1997 (TRA 97) and
        applicable Treasury Regulations issued thereunder with specific effective
        dates
        for provisions added by the various tax acts as permitted by the IRS rules
        governing the remedial amendment period.

       

      ARTICLE
        II- DEFINITIONS

       

      The
        following capitalized words and phrases as used in this Plan and Trust document
        shall have the meanings set forth below.

       

      2.1 Accrued
        Benefit.

       

      The
        ?Accrued Benefit? is the amount credited to the Employer Account of a
        Participant.

       

      2.2 Administrative
        Committee.

       

      The
        ?Administrative Committee? or ?Committee? shall refer to the Administrative
        Committee, as defined in the Duties and Authority of Administrative Committee
        Article, below.

       

      2.3 Affiliated
        Company.

       

      ?Affiliated
        Company? shall mean the Employer and any corporation which is a member of
        a
        controlled group of corporations (as defined in Code section 414(b)) which
        includes the Employer; any trade or business

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      (whether
        or not incorporated) which is under common control (as defined in Code section
        414(c)) with the Employer; an organization (whether or not incorporated)
        which
        is a member of an affiliated service group (as defined in Code section 414(m))
        which includes the Employer; and any other entity required to be aggregated
        with
        the Employer pursuant to regulations under Code section 414(o).

       

      2.4 Beneficiary.

       

      A
        ?Beneficiary? is any person, estate or trust who by operation of law, or
        under
        the terms of the Plan, or otherwise, is entitled to receive any Accrued Benefit
        of a Participant under the Plan. A ?Designated Beneficiary? is any individual
        designated or determined in accordance with the Designation Of Beneficiary
        Article below, except that it shall not include any 1on who becomes a
        Beneficiary by virtue of the laws of inheritance or intestate
        succession.

       

      2.5 Board
        or Board of Directors.

       

      ?Board?
        or ?Board of Directors? shall mean the Board of Directors of Capital Corp
        of the
        West as constituted from time to time.

       

      2.6 Cash-Out.

       

      A
        ?Cash?Out? may be involuntary or voluntary.

       

      An
        involuntary Cash?Out is a distribution of the Accrued Benefit to a former
        Participant which meets the following requirements: (i) the former Participant?s
        entire non-forfeitable Accrued Benefit is distributed to him, (ii) the present
        value of the non-forfeitable Accrued Benefit of the Participant does not
        exceed,
        and at the time of any prior distribution did not exceed, Five Thousand Dollars
        ($5,000), and (iii) the distribution is made on account of the Employee?s
        termination of participation in the Plan.

       

      A
        voluntary Cash?Out is a distribution of the Accrued Benefit to a former
        Participant which meets the following requirements: (i) the former Participant
        has voluntarily elected to receive the distribution, and (ii) the distribution
        is made on account of the Employee?s termination of participation in the
        Plan.

       

      2.7 Code.

       

      ?Code?
        refers to the Internal Revenue Code of 1986, as amended.

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      2.8 Company.

       

      ?Company?
        shall mean Capital Corp of the West arid any other Affiliated Company that
        is a
        participating company designated as such in accordance with the Member Company
        Article by the Board of Directors as participating in this Plan.

       

      2.9 Compensation.

       

      ?Compensation?
        refers to all Compensation paid during the Plan Year under consideration
        as W-2
        income by the Employer to an Employee during such time the Employer was a
        Member
        Company, excluding director?s fees and including amounts deferred pursuant
        to
        Code section 401(k)(2), or Code section 403(b), or contributed to any welfare
        benefit plans maintained by the Employer through a reduction in the Employee?s
        Compensation which, pursuant to Code section 125, or 132(f)(4) are not included
        in the gross income of the Employee for the taxable year in which such amounts
        are contributed. It excludes all contributions by the Employer to the Plan
        and
        to any other retirement or deferred compensation plan maintained by the Employer
        and excludes amounts in excess of One Hundred Fifty Thousand Dollars ($150,000)
        for the Plan Year or such other amount as may be prescribed by law in accordance
        with Code section 401(a)(17).

       

      If
        the
        period for determining Compensation used in calculating an Employee?s allocation
        for a determination period is a short Plan Year (i.e., shorter than twelve
        (12)
        months), the annual Compensation limit is an amount equal to the otherwise
        applicable annual Compensation limit multiplied by the fraction, the numerator
        of which is the number of months in the short Plan Year, and the denominator
        of
        which is 12.

       

      2.10 Employee.

       

      An
        Employee is an individual who is employed by the Employer or who is on a
        Leave
        Of Absence. Directors acting solely in that capacity and independent contractors
        shall not be Employees nor shall Employee include: those whose Compensation
        and
        conditions of employment are established by the terms of a collective bargaining
        agreement to which the Employer is a party and which does not specifically
        provide for coverage under the Plan.

       

      Employee
        shall exclude leased employees as defined under Code section 414(n) and
        non-resident aliens with no income from U.S. sources.

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      2.11 Employer.

       

      The
        ?Employer? shall mean Capital Corp of the West and any Affiliated Employer
        to
        which the Board elects to extend coverage under this Plan and Trust pursuant
        to
        resolutions of the Board.

       

      2.12 Employer
        Account.

       

      The
        ?Employer Account? or ?Account? is the separate account maintained for each
        Participant to which all Employer contributions shall be allocated and to
        which
        Forfeitures shall be reallocated and which includes the Company Stock Account
        and General Account. If necessary or appropriate, the Employer Account shall
        be
        further segregated into subaccounts at the discretion of the Plan
        Administrator.

       

      A. Company
        Stock Account.

       

      ?Company
        Stock Account? shall mean that portion of a Participant?s Account which is
        credited with:

       

      
        	 	
                1.

              	
                Shares
                  of Company Stock which are purchased and paid for by the Trust,
                  contributed to the Trust or forfeited under the provisions of Article
                  VI;
                  and

              

      

       

      
        	 	
                2.

              	
                Stock
                  dividends paid with respect to Company Stock held in the Participant?s
                  Company Stock Account.

              

      

       

      B. General
        Account.

       

      ?General
        Account? shall mean that portion of a Participant?s Account which is credited
        with:

       

      
        	 	
                1.

              	
                Company
                  or Member Company contributions of cash, contributed under this
                  Plan as
                  contributions under the ESOP provisions of this
                  Plan;

              

      

       

      
        
          	 	
                  2.

                	
                  Forfeitures
                    of other than Company Stock;

                

        

         

      

      
        	 	
                3.

              	
                Cash
                  dividends paid with respect to Company Stock held in the Participant?s
                  Company Stock Account; and

              

      

       

      
        	 	
                4.

              	
                The
                  Participant?s share of such other Plan income, gains or losses
                  as are
                  properly credited to such Account pursuant to the terms of this
                  Plan and
                  The
                  General Account shall be debited for amounts paid by the Trustees
                  for the
                  purchase of Company Stock or for repayment of debt incurred by
                  the Plan
                  for the purchase of Company
                  Stock.

              

      

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      C. Suspense
        Account.

       

      ?Suspense
        Account? shall mean an account established pursuant to the provisions of
        Article
        VI.

       

      2.13 ERISA.

       

      ?ERISA?
        refers to the Employee Retirement Income Security Act of 1974, as
        amended.

       

      2.14 Exempt
        Loan.

       

      ?Exempt
        Loan? shall mean a loan to the Plan by a disqualified person (as defined
        in Code
        section 4975(e)(2)) or a loan to the Plan which is guaranteed by a disqualified
        person. Such loan includes a direct loan of cash, a purchase-money transaction,
        and an assumption of such an obligation by the Plan. An Exempt Loan must
        satisfy
        the provisions of Treasury Regulation section 54.4975-7(b).

       

      2.15 Fair
        Market Value.

       

      ?Fair
        Market Value? shall mean the closing price on the Valuation Date (or, if
        there
        is no closing price, then the closing bid price) of Qualifying Employer
        Securities as reported on the Composite Tape, or if not reported thereon,
        then
        such price as reported in the trading reports of the principal securities
        exchange in the United States on which such Qualifying Employer Securities
        are
        listed, or if the Qualifying Employer Securities are not listed on a securities
        exchange in the United States, the mean between the dealer closing ?bid?
        and
        ?ask? prices on the over-the-counter market as reported by the National
        Association of Securities Dealers Automated Quotation System (NASDAQ), or
        NASDAQ?s successor, or if not reported on NASDAQ, the Fair Market Value of
        the
        Qualifying Employer Securities as determined by a qualified independent
        appraiser meeting requirements similar to those contained in Treasury
        regulations under Code section 170(a)(1) and Department of Labor Regulations
        under ERISA section 3(18).

       

      2.16 Family
        Member.

       

      A
        ?Family
        Member? includes the spouse, lineal ascendants and descendants of the Employee
        or former Employee and the spouses of such lineal ascendants and
        descendants.

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      2.17 Forfeiture.

       

      ?Forfeiture?
        refers to the amount of non-vested Accrued Benefits in a Participant?s Employer
        Account which are reallocated to the Employer Accounts of other
        Participants.

       

      2.18 Highly
        Compensated Employee.

       

      A
        ?Highly
        Compensated Employee? means a Highly Compensated Active Employee and a Highly
        Compensated Former Employee.

       

      For
        this
        purpose the applicable year of the Plan for which a determination is being
        made
        is called a determination year and the preceding twelve (12) month period
        is
        called a look-back year. The determination year shall be the Plan Year. The
        look-back year shall be the twelve (12) month period immediately preceding
        the
        determination year, or, if elected by the Employer, the calendar year ending
        with or within the applicable determination year (or, in the case of a
        determination year that is shorter than twelve (12) months, the calendar
        year
        ending with or within the twelve (12) month period ending with the end of
        the
        applicable determination year).

       

      Effective
        for years beginning after December 31; 1996, the term Highly Compensated
        Employee means any Employee who:

       

      
        	 	
                A.

              	
                Was
                  a five percent (5%) owner at any time during the Plan Year or the
                  preceding Plan Year; or

              

      

       

      
        	 	
                B.

              	
                For
                  the preceding Plan Year had Compensation from the Employer in excess
                  of
                  Eighty Thousand Dollars ($80,000).

              

      

       

      The
        Eighty Thousand Dollar ($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.

       

      The
        term
        ?top-paid group? indudes all Employees who are among the highest paid twenty
        percent (20%), but excluding the following Employees unless the Employer
        elects
        not to exclude them:

       

      
        
          	 	
                  A.

                	
                  Employees
                    who have not completed six (6) months of
                    service;

                

        

         

        
          	 	
                  B.

                	
                  Employees
                    who normally work less than seventeen and one-half (17?1/2) hours
                    per
                    week;

                

        

         

        
          	 	
                  C.

                	
                  Employees
                    who normally work not more than six (6) months a
                    year;

                

        

         

      

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      
        	 	
                D.

              	
                Employees
                  who are included in a unit of Employees covered by a collective
                  bargaining
                  agreement, except as otherwise provided in the
                  regulations;

              

      

       

      
        	 	
                E.

              	
                Employees
                  who have not attained the age of twenty-one (21);
                  and

              

      

       

      
        	 	
                F.

              	
                Employees
                  who are nonresident aliens and receive no U.S.-source earned income
                  from
                  the Employer.

              

      

       

      
      

      For
        purposes of this Definition section, ?Compensation? has the meaning given
        that
        term by Code section 415(c)(3), and includes amounts deferred pursuant to
        Code
        section 402(e)(3) (with respect to cash or deferred arrangements as defined
        in
        section 401(k)(2)), section 402(h) (with respect to simplified employee pension
        plans) or section 403(b), or contributed to any welfare benefit plans maintained
        by the Employer through a reduction in the Employee?s Compensation which,
        pursuant to Code section 125, are not included in the gross income of the
        Employee for the taxable year in which such amounts are
        contributed.

       

      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 appropriate Treasury Regulations.

       

      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.

       

      A
        Highly
        Compensated Former Employee includes any Employee who separated from service
        (or
        was deemed to have separated) prior to the determination year, performs no
        service for the Employer during the determination year, and was a Highly
        Compensated Active Employee for either the separation year or any determination
        year ending on or after the Employee?s fifty-fifth (55th) birthday.

       

      2.19 Hour
        Of Service.

       

      ?Hour
        Of
        Service? means:

       

      
        	 	
                A.

              	
                Each
                  hour for which an Employee is directly or indirectly compensated
                  or
                  entitled to Compensation from the Employer for the performance
                  of duties
                  during the applicable computation
                  period;

              

      

       

      
        	 	
                B.

              	
                Each
                  hour for which an Employee is directly or indirectly compensated
                  or
                  entitled to Compensation from the Employer (irrespective of whether
                  the
                  employment relationship has terminated) for reasons other than
                  performance
                  of duties (such as vacation,
                  holidays, sickness, disability, lay-off, military duty or leave
                  of
                  absence) during the applicable computation period;
                  and

              

      

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

       

      
        	 	
                C.

              	
                Each
                  hour for which back pay is awarded or agreed to by the Employer,
                  without
                  regard to mitigation of damages.

              

      

       

      Hours
        Of
        Service will be credited for employment with other members of an affiliated
        service group (under Code section 414(m)), a controlled group of corporations
        (under Code section 414(b)), or a group of trades or businesses under common
        control (under Code section 414(c)) of which the Employer is a member or
        any
        other entity required to be aggregated with the Employer pursuant to regulations
        under Code section 414(o).

       

      Hours
        Of
        Service will also be credited fur any individual considered an Employee for
        purposes of this Plan under Code section 414(n).

       

      Notwithstanding
        subparagraph B above, no more than five hundred one (501) Hours Of Service
        are
        required to be credited to an Employee on account of any single continuous
        period during which the Employee performs no duties (whether or not such
        period
        occurs in a single computation period). An hour for which an Employee is
        directly or indirectly paid, or entitled to payment, for which no duties
        are
        performed is not required to be credited to the Employee if such payment
        is made
        or due under a Plan maintained by the Employer solely for the purpose of
        complying with applicable worker?s Compensation, unemployment Compensation
        or
        disability insurance laws. In addition, Hours Of Service are not required
        to be
        credited hereunder for a payment which solely reimburses an Employee for
        medical
        or medically related expenses incurred by the Employee. The provisions of
        sections 2530.200b-2(b) and (c) of the Department of Labor Regulations are
        incorporated herein by reference.

       

      Solely
        for purposes of determining whether a One (1) Year Break In Service, as defined
        in the One (1) Year Break In Service section of Article II, for participation
        and vesting purposes has occurred in a computation period, an individual
        who is
        absent from work for maternity or paternity reasons shall receive credit
        for the
        Hours Of Service in accordance with the second paragraph of the Hours Of
        Service
        section of Article II.

       

      Service
        will be determined on the basis of semi-monthly periods worked. An Employee
        wifi
        be credited with ninety-five (95) Hours Of Service if under this Section
        of the
        Plan an Employee would be credited with at least one (1) Hour Of Service
        during
        the semi-monthly period.

       

      For
        purposes of this Hour Of Service section, a payment shall be deemed to be
        made
        by or due from the Employer regardless of whether such payment

       

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      is
        made
        by or due from the Employer directly or indirectly through a trust, fund
        or
        insurer to which the Employer contributes or pays premiums.

       

      2.20 Leave
        Of Absence.

       

      A
        ?Leave
        Of Absence? shall refer to that period during which the Participant is absent
        without Compensation and for which the Administrative Committee, in its sole
        discretion, has determined him to be on a ?Leave Of Absence? instead of having
        terminated his employment. (However, such discretion of the Administrative
        Committee shall be exercised in a nondiscriminatory manner.) In all events,
        a
        Leave Of Absence by reason of service in the armed forces of the United States
        shall end no later than the time at which a Participant?s re-employment rights
        as a member of the arnLLd forces cease to be protected by law and a Leave
        Of
        Absence for any other reason shall end after six (6) months, except that
        if the
        Participant resumes employment with the Employer prior thereto, the Leave
        Of
        Absence shall end on such date of resumption of employment. The date that
        the
        Leave Of Absence ends shall be deemed the Termination Date if the Participant
        does not resume employment with the Employer. In determining a Year Of Service
        For Accrual Of Benefits, all such Leaves of Absence shall be considered to
        be
        periods when the Employee is a Participant.

       

      2.21 Member
        Company.

       

      ?Member
        Company? shall mean Capital Corp of the West, and any Affiliated Company?s
        which
        as of the effective date of this restated document are hereby designated
        by the
        Board of Directors in this Article as participating in this Plan.

       

      2.22 Net
        Profits.

       

      The
        ?Net
        Profits? mean the Employer?s Net Profits for the taxable year of the Employer
        (coinciding with or within which the plan year ends) as calculated at the
        end of
        the taxable year, in accordance with the Employer?s regular accounting
        practices, becore state and federal income taxes and without reduction by
        reason
        of the Employer?s contributions under the Plan and any other plan maintained
        by
        the Employer and described in Code section 401(a) and section
        403(a).

       

      The
        ?Net
        Profits? shall also mean the Employer?s accumulated Net Profits for all years
        prior to the taxable year of the Employer, described in the preceding paragraph
        of this section. Such accumulated Net Profits shall be calculated in accordance
        with the Employer?s regular accounting practices, before state and federal
        income taxes which would be refunded (as a result

       

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      of
        contributions to the Plan), without reduction by reason of the Employer?s
        contributions, made for the current Plan Year, under the Plan and any other
        plan
        maintained by the Employer and described in Code section 401(a) or section
        403(a).

       

      2.23 Normal
        Retirement Age.

       

      The
        ?Normal Retirement Age? is attained on the first (1st) day of the month on
        or
        next following the later of:

       

      
        
          	 	
                  A.

                	
                  The
                    date a Participant attains age sixty-five (65);
                    or

                

        

         

      

      
        	 	
                B.

              	
                The
                  fifth (5th) anniversary of the Participant?s becoming a Participant
                  in the
                  Plan.

              

      

       

      2.24 One
        (1) Year Break In Service.

       

      A
        ?One
        (1) Year Break In Service? means a Plan Year in which the Participant has
        not
        completed more than five hundred (500) Hours Of Service.

       

      However,
        in determining a One (1) Year Break In Service for a Plan Year in which,
        or
        following which, a maternity or paternity absence (as defined below) occurs,
        the
        following shall apply: the Hours Of Service which normally would have been
        credited but for the maternity or paternity absence (or eight (8) Hours Of
        Service per day if the Administrative Committee is unable to determine the
        Hours
        Of Service which normally would have been credited) shall be credited to
        the
        Plan Year in which such absence begins, if the Employee would incur a One
        (1)
        Year Break In Service if the hours were not so credited; in all other cases
        the
        Hours Of Service shall be credited to the following Plan Year. The total
        Hours
        Of Service credited under a maternity or paternity absence shall not exceed
        five
        hundred one (501) hours. A ?maternity or paternity absence? is one in which
        the
        Employee is absent from work because of: (i) the pregnancy of the Employee,
        (ii)
        the birth of a child of the Employee, (iii) the placement of a child with
        the
        Employee in connection with the adoption of such child by the Employee, or
        (iv)
        the caring for such child immediately following such birth or
        placement.

       

      As
        a
        condition of an Employee being credited with Hours Of Service pursuant to
        this
        paragraph, the Administrative Committee can require that the Employee timely
        furnish such information as is reasonably necessary to establish that the
        absence from work was for a cause stated in subparagraphs (i)-(iv) and the
        number of days attributable to such cause.

       

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

      2.25 Participant.

       

      A
        ?Participant? shall refer to every Employee or former Employee who has met
        the
        applicable participation requirements of Article Ill.

       

      2.26 Plan.

       

      ?Plan?
        refers to this Stock Bonus Employee Stock Ownership Plan and Trust Agreement,
        which shall be known as the Capital Corp of the West Employee Stock Ownership
        Plan.

       

      2.27 Plan
        Administrator.

       

      The
        ?Plan
        Administrator? shall be the Administrative Committee designated in a resolution
        adopted by the Board of Directors, pursuant to Article IX, who shall accept
        the
        designation in writing.

       

      2.28 Plan
        Year.

       

      A
        ?Plan
        Year? is the period from the first (1st) day of January to the last day of
        December, annually.

       

      2.29 Qualified
        Election Period.

       

      ?Qualified
        Election Period? shall mean the period of six (6) Plan Years beginning with
        the
        later of (i) the Plan Year after the Plan Year in which the Participant attains
        age fifty-five (55); or, (ii) the Plan Year after the Plan Year in which
        the
        Participant first becomes a Qualified Participant.

       

      2.30 Qualified
        Participant.

       

      ?Qualified
        Participant? shall mean a Participant who has attained age fifty- five (55)
        and
        who has completed at least ten (10) years of participation in the
        Plan.

       

      2.31 Qualifying
        Employer Security.

       

      ?Qualifying
        Employer Security? shall mean common stock of the Employer which meets the
        requirements of Code section 409(1).

       

      2.32 Retirement.

       

      ?Retirement?
        refers to the termination of employment of an Employee who has attained at
        least
        Normal Retirement Age. The Employee may work beyond Normal Retirement Age,
        in
        which case Employer contributions and Forfeitures
        shall continue to be allocated to the Employer Account of the
        Employee.

       

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

       

      2.33 Service.

       

      ?Service?
        means:

       

      
        	 	
                A.

              	
                The
                  period (measured in years and days) for which an Employee is directly
                  or
                  indirectly compensated or entitled to Compensation from the Employer
                  for
                  the performance of duties during the applicable computation
                  period;

              

      

       

      
        	 	
                B.

              	
                The
                  period for which an Employee is directly or indirectly compensated
                  or
                  entitled to Compisation from the Employer (irrespective of whether
                  the
                  employment relationship has terminated) for reasons other than
                  performance
                  of duties (such as vacation, holidays, sickness, disability, lay-off,
                  military duty or leave of absence) during the applicable computation
                  period; and

              

      

       

      
        	 	
                C.

              	
                Each
                  period after the effective date of this Plan for which an Employee
                  was
                  directly or indirectly paid or entitled to be paid by the
                  Employer.

              

      

       

      Service
        will be credited for employment with other members of an affiliated service
        group (under Code section 414(m)), a controlled group of corporations (under
        Code section 414(b)), or a group of trades or businesses under common control
        (under Code section 414(c)) of which the Employer is a member or any other
        entity required to be aggregated with the Employer pursuant to regulations
        under
        Code section 414(o) for the period of such affiliation or common control.
        Service with a predecessor employer, however, wifi not be recognized for
        purposes of eligibility, vesting or benefit accrual unless specifically required
        by the Code or ERISA or unless the Plan is amended by the Board to provide
        for
        such recognition.

       

      Notwithstanding
        subparagraph B, above, no more than five hundred one (501) Hours Of Service
        is
        required to be credited to an Employee on account of any single continuous
        period during which the Employee performs no duties (whether or not such
        period
        occurs in a single computation period), and for which an Employee is directly
        or
        indirectly paid, or entitled to payment, if such payment is made or due under
        a
        plan maintained by the Employer solely for the purpose of complying with
        applicable worker?s Compensation, unemployment Compensation or disability
        insurance laws. The provisions of sections 2530.200b-2(b) and (c) of the
        Department of Labor Regulations are incorporated herein by
        reference.

       

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

      2.34 Stock.

       

      ?Stock?
        shall mean Qualifying Employer Securities.

       

      2.35 Termination
        Date.

       

      The
        ?Termination Date? shall be the date on which the earliest of the following
        events occurs:

       

      
        
          	 	
                  A.

                	
                  A
                    Participant?s retirement;

                

        

         

        
          	 	
                  B.

                	
                  A
                    Participant?s termination of employment as a result of Total
                    And Permanent
                    Disability;

                

        

         

        
          	 	
                  C.

                	
                  A
                    Participant?s death; or

                

        

         

        
          	 	
                  D.

                	
                  A
                    Participant?s termination of employment for any other
                    reason.

                

        

         

        
        

      

      2.36 Total
        And Permanent Disability.

       

      ?Total
        And Permanent Disability? shall refer to the Participant suffering from a
        physical or mental condition which results in the inability to perform any
        gainful employment, resulting in terminatidn of service with the Employer
        and
        which is determined to qualify as Total And Permanent Disability under the
        Federal Social Security Acts by the Social Security Administration.

       

      2.37 Total
        Service For Vesting.

       

      ?Total
        Service For Vesting? shall mean the sum of each separate Year Of Service
        For
        Vesting credited to the Participant; however, if the Participant incurs at
        least
        five (5) consecutive One (1) Year Breaks in Service, his Years of Service
        for
        Vesting rendered after such break in service shall only be counted for purposes
        of determining his vested benefits accruing after such break in service,
        not for
        determining his vested benefits accruing before such break.

       

      2.38
         Trust.

       

      ?Trust?
        means the Trust created under this Employee Stock Ownership Plan and Trust
        Agreement.

       

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

      2.39 Trust
        Fund.

       

      The
        ?Trust Fund? consists of the Employer contributions held by the Plan and
        any
        income or appreciation thereon.

       

      2.40 Unallocated
        Stock Account.

       

      The
        account used to hold Qualifying Employer Securities acquired with loan proceeds
        pursuant to the ?Loans From Disqualified Persons? section below.

       

      2.41 Valuation
        Date.

       

      ?Valuation
        Date? means the last day of each Plan Year as specified and described in
        the
        Valuation Of Assets And Allocations section of the Plan and any such other
        dates
        during the Plan Year as may be specified by the Administrative Committee
        in
        accordance with such Valuation Of Assets And Allocations section.

       

      2.42 Year
        Of Service For Accrual Of Benefits.

       

      A
        ?Year
        Of Service For Accrual Of Benefits? means a Plan Year during which the Employee
        had not less than one thousand (1,000) Hours Of Service as a Participant.
        If the
        Participant entered the Plan other than on the first (1st) day of the Plan
        Year,
        au Hours Of Service rendered by the Participant during that Plan Year, whether
        or not rendered as a Participant, shall be treated as if they were Hours
        Of
        Service as a Participant.

       

      2.43 Year
        Of Service For Participation.

       

      A
        ?Year
        Of Service For Participation? means the twelve (12) consecutive month period
        commencing with the date the Employee first performs an Hour Of Service for
        the
        Company or a Member Company and each anniversary date thereof in which the
        Employee was credited with not less than one thousand (1,000) Hours Of Service
        during such twelve (12) consecutive month period. If the Employee does not
        have
        one thousand (1,000) Hours Of Service for such twelve (12) consecutive month
        period, a Year of Service for Participation shall be the earliest twelve
        (12)
        consecutive month period coinciding with the Plan Year (which begins during
        the
        Employee?s initial twelve (12) consecutive months of employment) in which
        the
        Employee is credited with one thousand (1,000) Hours Of Service.

       

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

      2.44 Year
        Of Service For Vesting.

       

      A
        ?Year
        Of Service For Vesting? shall mean a Plan Year, after the effective date
        of this
        Plan, during which the Employee had not less than one thousand (1,000) Hours
        Of
        Service after attaining age eighteen (18).

       

      ARTICLE
        III - ELIGIBILITY TO PARTICPATE

       

      3.1 Initial
        Entry.

       

      Every
        Employee who has attained the age of twenty-one (21) and completed one (1)
        Year
        of Service for Participation shall participate in the Plan on the Plan Entry
        Date (if employed on that date) immediately following the later of the date
        on
        which he completes One year of service for participation or attains the age
        of
        twenty-one (21). ?Plan Entry Date? shall mean the Effective Date of the Plan
        and
        each subsequent January 1 or July 1 thereafter. All Participants shall be
        required to furnish such information to the Administrative Committee as it
        may
        reasonably request for the proper administration of the Plan.

       

      3.2 Resumption
        of Participation.

       

      A
        former
        Employee who previously was a Participant in this Plan and is reemployed
        by the
        Employer before incurring a One Year Break in Service, shall again become
        a
        Participant as of the first Plan Entry Date following the date of his
        reemployment as an Eligible Employee.

       

      A
        former
        Employee who (i) previously was a Participant in this Plan and (ii) is
        reemployed by the Employer, after incurring a One Year Break in Service shall
        again become a Participant as of the first Plan Entry Date following the
        date of
        his reemployment as an Eligible Employee.

       

      A
        former
        Employee who (i) was previously a Participant in this Plan, (ii) is reemployed
        by the Employer, after incurring five or more consecutive One Year Breaks
        in
        Service shall again become a Participant pursuant to the Eligibility To
        Participate article, by completing a Year Of Service For Participation following
        reemployment.

       

      A
        former
        Employee who is reemployed by the Employer, but who had not yet satisfied
        the
        requirements to become a Participant in this Plan, shall become a Participant
        pursuant to the Eligibility To Participate article, by completing a Year
        Of
        Service For Participation following reemployment.

       

      The
        Committee may adjust the above service requirement, as necessary, to make
        the
        Plan available to a newly-acquired Employee group, provided that
        the
        adjustment (1) is not more restrictive than the above requirement, and (2)
        does
        not discriminate in favor of Highly Compensated Employees.

       

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

       

      ARTICLE
        IV - CONTRIBUTIONS TO THE TRUST

       

      4.1. Amount
        Of Contributions To Participants.

       

      As
        of the
        last day of each fiscal year, the Company and each Member Company respectively,
        may make a contribution to the Trust for the exclusive benefit of Employees
        of
        the Company and the employees of each Member Company, in such amount as shall
        be
        determined by the Board of Directors. Alternatively, the Board of Directors
        may
        elect to cause the Company to make the contribution to the Plan for all Member
        Companies, in an amount it determines in its discretion, anu on the internal
        books and records of the Member Companies, charge the expense of the
        contribution to the respective Member Companies. The contributions for each
        Member Company?s employees shall be allocated in accordance with the Manner
        Of
        Allocation article.

       

      The
        amount of all contributions shall be paid to the Trustee on or before the
        time
        required by law for filing the Employer?s federal income tax return (including
        extensions) for the year with respect to which the contribution is made.
        However, no Employer contributions may be made in any Plan Year to the extent
        that they would be directly allocated to the Suspense Account created pursuant
        to the Limitation On Allocations To Each Participant section below, or the
        maximum amount deductible from Employer?s income for such year under Code
        section 404(a)(3) or 404(a)(9) would be exceeded, whichever is applicable,
        unless such excess contribution is necessary to make payments on an Exempt
        Loan.
        Notwithstanding any other provision contained herein, the Employer shall
        make a
        contribution each year in an amount not less than the amount required to
        make
        any payment due during such year under an Exempt Loan, if any

       

      Employer
        contributions shall be discretionary in an amount decided upon and fixed
        (in
        dollar amount or by formula) by the Board of Directors.

       

      Participants
        shall not be entitled to make Contributions to the Trust. Rollovers shall
        not be
        accepted from plans not sponsored by the Employer.

       

      4.2 Manner
        Of Allocation.

       

      Employer
        discretionary contributions and the respective Forfeitures from Accounts,
        if
        any, during such year, shall be added together and allocated as of the last
        day
        of such year, to the Accounts each Participant who is an Employee on the
        last
        day of such Plan Year and who has a Year Of Service

       

      
        
           

        

        
          18

          
            

          

        

        
           

        

      

      For
        Accrual Of Benefits for the Plan Year, in the same proportion that each such
        Participant?s Compensation for the Plan Year bears to the total Compensation
        of
        all Participants for the Plan Year. For this article, no Compensation prior
        to
        the effective date the Participant?s Employer was designated a Member Company
        by
        the Board, shall be counted. (Employees who terminate employment before the
        last
        day of the Plan Year on account of death or retirement shall receive an
        allocation only if they have a Year Of Service For Accrual Of Benefits for
        such
        Plan Year.)

       

      4.3 Permissible
        Types Of Employer Contributions.

       

      Payments
        on account of the contributions due from the Employer for any year may be
        made
        in cash or in kind, specifically including Qualifying Employ Securities;
        except
        that assets may not be contributed if such contribution violates the prohibited
        transaction rules of Code section 4975, or the corresponding rules under
        ERISA
        section 406, if applicable.

       

      4.4 Interim
        Allocation To Unallocated Stock Account.

       

      Qualifying
        Employer Securities purchased with an Exempt Loan when initially acquired
        by the
        Trustees shall be credited to .the Unallocated Stock Account. The balance
        in the
        Unallocated Stock Account shall be released in accordance with Section 8.11
        and
        the Qualifying Employer Securities so released shall be allocated as of the
        last
        day of each Plan Year in accordance with Manner Of Allocation section
        above.

       

      4.5 General
        Accounting.

       

      The
        Committee shall establish accounting procedures for the purpose of making
        the
        allocations to Participant?s Accounts provided for in this Article 1V, including
        corrective allocations to the extent necessary to achieve proper account
        balances and benefits in a nondiscriminatory manner, including, but not limited
        to, corrective allocations out of Forfeitures in any given year, prior to
        applying the allocation rules in the Manner Of Allocation Article. The Committee
        shall maintain adequate records of the aggregate cost basis of Qualifying
        Employer Securities allocated to each Participant?s Employer Account. The
        Committee shall also keep separate records of financed shares and discretionary
        contributions (and any earnings thereon) made for the purpose of enabling
        the
        Trust to repay any Exempt Loan. From time to time, the Committee may modify
        the
        accounting procedures for the purposes of achieving equitable and
        nondiscriminatory allocations among the accounts of Participants in accordance
        with the general concepts of the Plan, the provisions of this Article IV
        and the
        requirements of the Code and ERISA.

       

      
        
           

        

        
          19

          
            

          

        

        
           

        

      

      4.6 Additional
        Provisions.

       

      Employer
        contributions shall not be made for any Plan Year in amounts which cannot
        be
        allocated to Participant?s Accounts by reason of the allocation limitations
        described in Article V or in amounts which are not deductible under Code
        section
        404(a). Any Employer contributions which are not deductible under Code section
        404(a) may be returned to the Employer by the Trustees (upon the direction
        of
        the Employer) within one (1) year after the disallowance of the deduction
        or
        after it is determined that the deduction is not available. In the event
        that
        Employer contributions are paid to the Trust by reason of a mistake of fact,
        such Employer contributions may be returned to the Employer by the Trustees
        (upon the direction of the Employer) within one (1) year after the payment
        to
        the Trust.

       

      ARTICLE
        V
        - ADMINISTRATION OF ACCOUNTS

       

      5.1 Investments.

       

      The
        amounts allocated to the Employer Accounts shall be invested by the Trustees
        as
        directed in accordance with Article VIII, primarily in Qualifying Employer
        Securities.

       

      5.2 Invest
        In Single Fund And Reasonable Rules.

       

      The
        Trustees may cause all contributions paid to it by the Employer and the income
        therefrom, without distinction between principal and income, to be held and
        administered as a single fund, and the Trustees shall not be required to
        invest
        separately any share of any Participant except as provided in the
        Non-Segregation If Installment Distribution section below. The Trustees may
        adopt reasonable rules for the administration of such common fund and for
        the
        determination of the proportionate interest of each Participant in the
        fund.

       

      5.3 Valuation
        Of Assets.

       

      The
        assets of the Trust Fund will be valued as of the close of the last day of
        each
        Plan Year (i.e., the Valuation Date) at their Fair Market Value in accordance
        with the Fair Market Value definition in Article II. In addition to valuations
        as of the last day of each Plan Year, the Trust Fund may, but shall not be
        required to, be evaluated at such Valuation Dates during the Plan Year as
        the
        Administrative Committee deems appropriate

       

      
        
           

        

        
          20

          
            

          

        

        
           

        

      

      
        The
          Employer Account of each Participant (or Employer Accounts if the Participant
          has Accrued Benefits for service incurred both prior and subsequent to a
          One (1) Year Break In Service), including any Employer Account held in
          suspense,
          shall be adjusted for any net appreciation or net depreciation in the assets
          of
          the Plan and any net income or net loss of the Trust for such year, including
          interest or dividends whether such dividends are paid in cash or in shares,
          with
          each Account being credited or charged in the ratio that the amount of
          the
          Account (as of the close of the last day of the Plan Year) bears to the
          total
          (as of the close of the last day of the Plan Year) of all remaining
          non-segregated Accounts. For the purpose of such adjustment of accounts,
          any
          contribution made by the Employer with respect to that Plan Year shall
          be
          considered as having been made immediately after such evaluation and adjustment.
          In making the adjustments required by this section the value of any amounts
          segregated in accordance with the Non-Segregation If Installment Distribution
          section below, shall not be considered r determining the amount of net
          appreciation, depreciation, gain or loss to be allocated to such Account.
          The
          amount of any net appreciation, depreciation, gain or loss with respect
          to such
          cash value or segregated Account shall be allocated to the individual Account
          with respect to which it arose. In addition to the evaluations required
          by the
          first sentence of this paragraph, the Trust Fund may be evaluated at such
          other
          times during the Plan Year as the Trustee or the Administrative Committee
          deems
          prudent and in the best interest of the Plan using the method set forth
          in the
          Fair Market Value definition in Article II. -

      

       

      For
        purposes of all computations required by this section, the accrual method
        of
        accounting shall be used to value the Trust Fund and the assets thereof at
        their
        Fair Market Value as of each Valuation Date. Qualifying Employer Securities
        shall be accounted for as provided in Treasury Regulation section
        1.402(a)-1(b)(2)(ii), as amended, or any regulation or statute of similar
        import. A stock split of the securities held by the Plan, whether they are
        Employer Securities, or whether issued by another corporation shall not be
        considered income or appreciation of the Trust Fund. A stock split, in contrast
        to a stock dividend, shall be recorded on the books of the Trust and shall
        adjust the number of securities held in any Account of the Plan effective
        on the
        legal effective date of the stock split as determined by the
        issuer.

       

      
        
           

        

        
          21

          
            

          

        

        
           

        

      

      5.4 Limitations
        On Allocations To Each Participant.

       

      The
        maximum annual addition for any Plan Year which can be made to any individual
        Participant?s Employer Accounts, taken together, is the lesser of Thirty
        Thousand Dollars ($30,000) or twenty-five percent (25%) of the Participant?s
        Compensation. In addition the increased limitations provided in Code section
        415(c)(6) shall apply if appropriate. For purposes of Subsections 5.4A, B
        and C
        the annual addition is the sum of the following amounts allocated to the
        Accounts of the individual Participant for the Plan Year of the Trust (which
        shall be the limitation year for purposes of Code section 415) under this
        and
        all other defined contribution type plans maintained by the
        Employer:

       

      
        
          	 	
                  A.

                	
                  Employer
                    contributions;

                

        

         

        
          	 	
                  B.

                	
                  Forfeitures
                    (if applicable);

                

        

         

        
          	 	
                  C.

                	
                  Participant
                    contributions;

                

        

         

        
          	 	
                  D.

                	
                  Amounts
                    allocated to an individual medical account (as defined in Code
                    section
                    415(l)(2)) that is part of a defined benefit plan maintained
                    by the
                    Employer; and

                

        

         

        
          	 	
                  E.

                	
                  Amounts
                    derived from contributions paid or accrued after December 31,
                    1985, in
                    taxable years ending after such date, that 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.

                

        

         

      

      If
        the
        provisions of this Defined Contribution Plan Limitations Article limit the
        amount which can be allocated to the Employer Account of any Participant
        for a
        Plan Year, the excess amount which cannot be allocated for the Plan Year
        shall
        be held in the Suspense Account to be allocated on the last day of each
        succeeding Plan Year until the funds in the Suspense Account have been
        completely reallocated. No further Employer contributions may be made to
        the
        Plan until the Suspense Account has been completely reallocated. Any Participant
        contributions which exceed such limitations shall be returned to the
        Participant. No investment gains and losses or other income shall be allocated
        to the Suspense Account.

       

      
        
           

        

        
          22

          
            

          

        

        
           

        

      

      5.5 Allocation
        Limitation-- More Than One Defined Contribution Plan.

       

      If
        the
        Employer contributes to more than one (1) defined contribution plan and as
        a
        result of the allocation of Forfeitures, a reasonable error in estimating
        a
        Participant?s Compensation, a reasonable error in determining the amount
        of
        elective deferrals under section 402(g)(3) or other limited facts and
        circumstances which the Internal Revenue Service finds to he applicable,
        an
        amount which would otherwise be allocated would result in the Annual Addition
        limitation being exceeded with respect to any Participant, the excess amount
        shall be eliminated as follows:

       

      
        	 	
                A.

              	
                Any
                  nondeductible Employee voluntary contributions under any other
                  defined
                  contribution plan, to the extent they would reduce the excess amount
                  will
                  be returned to the Participant.

              

      

       

      
        	 	
                B.

              	
                Any
                  unmatched Employee salary deferrals under a cash or deferred arrangement
                  within the meaning of Code section 401(k), to the extent they would
                  reduce
                  the excess amount will be returned to the Participant. To the extent
                  necessary to further reduce the excess amount, all salary deferrals
                  under
                  a cash or deferred arrangement within the meaning of Code section
                  401(k),
                  whether or not there was a corresponding matching contribution,
                  will be
                  returned to the Participant.

              

      

       

      
        	 	
                C.

              	
                If
                  the sum of the Annual Additions to a Participant?s Account, in
                  all plans,
                  considered as one (1), would exceed said limitations, and in the
                  event
                  that the return to a Participant of the Participant?s contributions
                  under
                  the preceding paragraphs should still fail to alleviate such excess
                  amount, then the amount of such excess shall be reallocated in
                  the profit
                  sharing plan of the Employer then in the defined contribution pension
                  plan
                  (or if more than one (1) defined contribution pension plan, in
                  the order
                  selected by the Employer).

              

      

       

      The
        otherwise permissible Annual Additions for any Participant under this Plan
        may
        also be further reduced to the extent necessary as determined by the Employer,
        to prevent disqualification of benefits payable to Participants who also
        may be
        participating in another tax-qualified pension, profit sharing, savings or
        stock
        bonus plan of the Employer. The Employer shall advise affected Participants
        of
        any additional limitations on their Annual Additions required by the
        foregoing.

       

      Any
        excess amounts attributed to this Plan shall be returned to the Employer
        or be
        held in a Code section 415 limitation Suspense Account.

       

      
        
           

        

        
          23

          
            

          

        

        
           

        

      

      5.6 Designation
        Of Beneficiary.

       

      Each
        Participant may designate from time to time in writing one (1) or more
        Beneficiaries, who will receive the Participant?s vested Accrued Benefit
        in the
        event of the Participant?s death. If the Participant dies without having
        made a
        Beneficiary designation, the Trustees shall distribute such benefits in the
        following order of priority to the deceased Participant?s:

       

      
        
          	 	
                  A.

                	
                  Spouse;

                

        

         

        
          	 	
                  B.

                	
                  Lineal
                    descendants;

                

        

         

        
          	 	
                  C.

                	
                  Parents;
                    or

                

        

         

        
          	 	
                  D.

                	
                  Estate.

                

        

         

      

      However,
        in the event of the death of a married Participant, the surviving spouse
        must be
        the sole Beneficiary unless the surviving spouse has consented in writing
        to a
        different election, has acknowledged the effect of such election, and the
        consent and acknowledgment are witnessed by a member of the Administrative
        Committee or a notary public. The consent of spouse shall not be necessary
        if it
        is established to the satisfaction of the Administrative Committee that there
        is
        no spouse, the spouse cannot reasonably be located, or for such other reasons
        as
        the regulations may prescribe. The consent of a spouse as reason for not
        requiring such consent shall be applicable only to that spouse. If the spouse
        of
        a Participant becomes locatable or if a Participant remarries, it shall be
        the
        duty of the Participant to bring that fact to the attention of the
        Administrative Committee. If the Participant so notifies the Administrative
        Committee, the Administrative Committee shall then, if applicable, proceed
        to
        make available to such spouse the consent of spouse procedures described
        in this
        Section.

       

      5.7 Participant
        Voting And Exercise Of Stock Rights.

       

      
        	 	
                A.

              	
                Each
                  Participant shall be entitled to direct the Trustees as to the
                  manner in
                  which any Qualifying Employer Securities which are a registration-type
                  class of securities (as defined in Code section 409(e)(4)) which
                  are
                  allocated to the Employer Account of the Participant are to be
                  voted. With
                  respect to any class of Qualifying Employer Securities which is
                  not a
                  registration-type class of securities (as defined in Code section
                  409(e)(4)), a Participant shall be entitled to direct the Trustees
                  as to
                  the manner in which voting rights will be exercised with respect
                  to any
                  corporate matter which involves the voting of such shares allocated
                  to the
                  Participant?s Company Stock Account with respect to the approval
                  or
                  disapproval of any

              

      

       

      
        
           

        

        
          24

          
            

          

        

        
           

        

      

      corporate
        merger or consolidation, recapitalization, reclassification, liquidation,
        dissolution, sale of substantially all assets of a trade or business, or
        such
        similar transactions as may be prescribed in Treasury regulations.

       

      
        	 	
                B.

              	
                The
                  Trustees shall notify Participants at least thirty (30) days (or
                  a lesser
                  period if thirty (30) days if impossible or impractical) prior
                  to the
                  voting or other exercise of rights referred to in paragraph A of
                  this
                  section. The notice shall include all proxy solicitations and other
                  materials distributed to other shareholders holding any of the
                  shares of
                  stock described in this Plan as Qualifying Employer
                  Securities.

              

      

       

      
        	 	
                C.

              	
                The
                  Trustees shall vote any shares and exercise any other rights with
                  respect
                  to applicable Qualifying Employer Securities in the manner instructed
                  by
                  the Participant. The Trustees shall vote any shares and exercise
                  any other
                  rights with respect to Qualifying Employer Securities as to which
                  it
                  receives no such instructions (either because the Participant does
                  not
                  timely give such instructions, or because the shares have not yet
                  been
                  allocated to the Employer Accounts, or if because the Trustees
                  are not
                  required to be directed) as the Trustees in their sole discretion,
                  but
                  acting in a fiduciary capacity, deems in the best interests of
                  the
                  Participants and their
                  Beneficiaries.

              

      

       

      ARTICLE
        VI- VESTING

       

      6.1 Employer
        Account Vesting On Death, Retirement, Or Total Permanent
        Disability.

       

      If
        a
        Participant?s employment is terminated for death, on or after Normal Retirement
        Age, or due to Total And Permanent Disability, one hundred percent (100%)
        of the
        Accrued Benefit in his Employer Account, shall vest in the Participant (or
        in
        his Beneficiary, as the case may be) and shall be distributed or set aside
        in
        accordance with the provisions of Article VII.

       

      6.2 Employer
        Account Vesting On Termination.

       

      If
        a
        Participant?s employment is terminated for any reason except for death, Total
        And Permanent Disability or on or after Normal Retirement Age, the following
        percentages of the Accrued Benefit in the Employer Account of the Participant
        shall vest in the Participant and shall be distributed to or set aside for
        him
        in accordance with the provisions of Article VII:

       

      
        
           

        

        
          25

          
            

          

        

        
           

        

      

      

      
        	
                Years
                  of

                Service

              	
                Vested
                  Percentage

              
	
                Less
                  than 3

              	
                0%

              
	
                3

              	
                20%

              
	
                4

              	
                40%

              
	
                5

              	
                60%

              
	
                6

              	
                80%

              
	
                7
                  or More

              	
                100%

              

      

      

      The
        Accrued Benefit of a Participant which is not vested as above provided shall
        be
        retained by the Trustees for allocation as a Forfeiture, in accordance with
        the
        provisions of Manner Of Allocation section above, Suspense Account for
        Terminated Participants and Unable To Locate Participant Or Beneficiary sections
        below.

       

      6.3 Restoration
        Of Forfeitures.

       

      If
        a
        Participant is less than one hundred percent (100?/o) vested and he receives
        a
        distribution from the Plan and forfeits part of his Accrued Benefit, and
        then,
        if the Participant resumes employment with the Employer before the occurrence
        of
        five (5) consecutive One (1) Year Breaks in Service, until such time as there
        is
        a fifth (5th) consecutive One (1) Year Break In Service, the Participant?s
        vested portion of the balance in his Account at any time shall be equal to
        an
        amount (?X?) determined by the formula X = P(AB + D) - D, where ?P? is the
        vested percentage of the Participant at such time, ?AB? is the balance in
        the
        Participant?s Account at such time and ?D? is the amount distributed as a
        severance of employment benefit and not previously repaid by the
        Participant.

       

      Notwithstanding
        the preceding paragraph, if the Participant returns to employment prior to
        the
        time he incurs five (5) consecutive One Year Breaks in Service, he shall
        have
        the right to repay to the Plan the full amount of the benefits previously
        distributed to him, provided that such repayment is made prior to the earlier
        of:

       

      
        	 	
                A.

              	
                Five
                  (5) years after the first date on which the Participant is reemployed;
                  or

              

      

       

      
        	 	
                B.

              	
                The
                  date the Participant incurs five (5) consecutive One (1) Year Breaks
                  in
                  Service following the date of the previous
                  distribution.

              

      

       

      
        
           

        

        
          26

          
            

          

        

        
           

        

      

      If
        an
        Employee is deemed to receive a distribution pursuant to the Restoration
        Of
        section below), and the Participant resumes employment covered under the
        Plan
        before the date the Employee incurs five (5) consecutive One (1) Year Breaks
        in
        Service, upon the reemployment of such Employee, the balance of the Employer
        Account of the Employee will be restored to the amount on the date of such
        deemed distribution.

       

      If
        the
        Participant?s forfeited Accrued Benefit is restored pursuant to this section,
        the restoration shall be made first out of Forfeitures, if any, and then
        by
        additional Employer contributions.

       

      ARTICLE
        VII- DISTRIBUTION OF BENEFITS

       

      7.1 Method
        of Distribution of Accounts.

       

      
        	 	
                A.

              	
                If
                  a Participant?s vested Accrued Benefit at the Termination Date
                  does not
                  exceed Five Thousand Dollars ($5,000), the entire amount of such
                  vested
                  Accrued Benefit shall be distributed in the form of an involuntary
                  Cash-Out. For all Accrued Benefits that exceed Five Thousand Dollars
                  ($5,000), the Participant shall elect to receive his distribution
                  in one
                  of the following forms:

              

      

       

      
        
          	 	
                  1.

                	
                  A
                    voluntary Cash-Out; or

                

        

         

        
          	 	
                  2.

                	
                  An
                    installment distribution consisting of approximately equal annual
                    installments (subject to the limitations of Time of Distribution
                    section)
                    over a term certain; or

                

        

         

        
          	 	
                  3.

                	
                  In
                    any combination of the foregoing.

                

        

         

      

      
        	 	
                B.

              	
                The
                  Participant shall receive his distribution of his Company Stock
                  Account in
                  the form of Qualifying Employer Securities except to the extent
                  the
                  Participant?s Account consists of fractional shares of Qualifying
                  Employer
                  Securities, the Fair Market Value of which shall be distributed
                  in
                  cash.

              

      

       

      
        	 	
                C.

              	
                The
                  Participant shall receive his General Account in cash, except to
                  the
                  extent the participant requests a distribution of such account
                  in
                  Qualifying Employer Securities, in which case the Participant?s
                  General
                  Account will be applied to purchase such securities, to the extent
                  available within the Trust or on the open market and distribute
                  such
                  securities in kind.

              

      

       

      
        
           

        

        
          27

          
            

          

        

        
           

        

      

      
        	 	
                D.

              	
                Distributions
                  shall be made by the Trustee(s) according to the directions of
                  the
                  Committee. If the Participant is zero percent (0%) vested in his
                  Accrued
                  Benefit, his account balance will be deemed to have been distributed
                  to
                  him in the form of a Cash-Out. The Committee shall have the authority
                  to
                  direct the distributions according to the terms and conditions
                  of the
                  Plan. A Participant or Beneficiary shall have the right to file
                  a claim
                  for benefits in accordance with the Plan. All methods of distribution
                  to a
                  Participant or Beneficiary shall be of equal value as of the date
                  payments
                  are to commence.

              

      

       

      
        	 	
                E.

              	
                The
                  Company retains the power and discretion, pursuant to Code section
                  411(d)(6)(c), to amend the distribution forms and options in a
                  nondiscriminatory fashion.

              

      

       

      7.2 Time
        Of Distribution.

       

      
        	 	
                A.

              	
                After
                  the Participant has attained the Normal Retirement Age, has died,
                  or has
                  terminated his employment due to Total and Permanent Disability,
                  then the
                  first installment, the lump-sum payment or Cash- Out, as the case
                  may be,
                  shall be made as soon as administratively feasible after the event
                  occurs.
                  However, in all events such distributions shall begin no later
                  than sixty
                  (60) days after the end of the Plan Year in which occurs the latest
                  of the
                  following:

              

      

       

      
        	 	
                1.

              	
                The
                  date on which the Participant attains the earlier of age sixty-five
                  (65)
                  or the Normal Retirement Age;

              

      

       

      
        	 	
                2.

              	
                The
                  tenth (10th) anniversary of the year in which the Participant commenced
                  participation in the Plan;

              

      

       

      
        
          	 	
                  3.

                	
                  The
                    Termination Date.

                

        

         

      

      
        	 	
                B.

              	
                Distribution
                  to a Participant for all other events shall commence as soon as
                  administratively feasible after the Valuation Date applicable under
                  this
                  subsection based on the Participant?s Termination Date. In determining
                  the
                  amount of any cash distribution made to a Participant pursuant
                  to this
                  Article VII, and subject to the Administrative Committee?s discretion
                  to
                  declare a special Valuation Date under the provisions of the Plan,
                  the
                  Fair Market Value of such distribution shall generally be
                  determined:

              

      

       

      
        	 	
                1.

              	
                In
                  the case of a Participant whose Termination Date is on or after
                  January 1
                  but before July 1, by using the value of the account as of the
                  preceding
                  Plan year end Valuation Date;

              

      

       

      
        
           

        

        
          28

          
            

          

        

        
           

        

      

      
        	 	
                2.

              	
                In
                  the case of a Participant whose Termination Date is on or after
                  July 1 but
                  before January 1 of the next following Plan Year, by using the
                  value of
                  the account as of the Plan?s year end Valuation Date next following
                  the
                  Participant?s Termination Date.

              

      

       

      
        	 	
                C.

              	
                If
                  the value of a Participant?s vested Accrued Benefit exceeds Five
                  Thousand
                  Dollars ($5,000), and the vested Accrued Benefit is immediately
                  distributable, the Participant must consent to any distribution
                  of such
                  vested Accrued Benefit. The consent of the Participant shall be
                  obtained
                  in writing within the ninety (90) day period .ending on the distribution
                  starting date. The: Plan Administrator shall notify the Participant
                  of the
                  right to defer any such distribution until the Participant?s vested
                  Accrued Benefit is no longer immediately distributable. Such notification
                  shall be provided no less than thirty (30) days and no more than
                  ninety
                  (90) days prior to the annuity starting
                  date.

              

      

       

      
        	 	
                D.

              	
                The
                  consent of the Participant shall not 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 as the
                  Employer
                  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 vested Accrued Benefit will, without the Participant?s
                  consent, be distributed to the Participant. However, if any entity
                  within
                  the same controlled group as the Employer maintains another defined
                  contribution plan (other than an employee stock ownership plan
                  as defined
                  in Code section 4975(e)(7)), then the Participant?s vested Accrued
                  Benefit
                  will be transferred, without the Participant?s consent, to the
                  other plan
                  if the Participant does not consent to an immediate
                  distribution.

              

      

       

      
        	 	
                E.

              	
                The
                  Participant?s vested Accrued Benefit is immediately distributable
                  if any
                  part of the vested Accrued Benefit could be distributed to the
                  Participant
                  (or surviving spouse) before the Participant attains (or would
                  have
                  attained if not deceased) the later of Normal Retirement Age or
                  age
                  sixty-five (65).

              

      

       

      For
        purposes of determining the applicability of the foregoing consent requirements
        to distributions made before the first day of the first Plan Year beginning
        after December 31, 1988, the

       

      
        
           

        

        
          29

          
            

          

        

        
           

        

      

      Participant?s
        vested Accrued Benefit shall not include amounts within the meaning of Code
        section 72(o)(5)(B).

       

      

        
          	 	
                  F.

                	
                  If
                    distributions are made in installments rather than a Cash-Out,
                    then:

                

        

         

      

      
        	 	
                1.

              	
                The
                  installments must be over a period certain not to exceed the life
                  expectancy of the Participant or the life expectancy of the Participant
                  and his designated Beneficiary, or

              

      

       

      
        	 	
                2.

              	
                The
                  amount of the installment to be distributed each year must be at
                  least an
                  amount equal to the quotient obtained by dividing the Participant?s
                  entire
                  interest by the life expectancy of the Participant: or the joint
                  and last
                  survivor expectancy of the Participant and his designated Beneficiary.
                  If
                  the Participant?s spouse is not the designated Beneficiary, the
                  method of
                  distribution selected must assure that at least fifty percent (50%)
                  of the
                  present value of the amount available for distribution is paid
                  within the
                  life expectancy of the Participant.

              

      

       

      
        	 	
                G.

              	
                If
                  the Participant dies after distributions to him have begun but
                  before his
                  entire vested Accrued Benefit has been distributed to him, the
                  remaining
                  portion of his vested Accrued Benefit shall be distributed from
                  the Plan
                  at least as rapidly as under the method of distribution previously
                  established for him.

              

      

       

      
        	 	
                H.

              	
                If
                  the Participant dies before distribution of his interest commences,
                  then
                  distributions of the Participant?s remaining vested Accrued Benefit
                  must
                  be completed by the end of the fifth (5th) calendar year following
                  the
                  year of his death. However, installment distributions to a designated
                  Beneficiary which begin not later than the end of the calendar
                  year
                  following the death of the Participant shall be treated as complying
                  with
                  this five (5) year distribution requirement (even though the installment
                  payments are not completed within five (5) years of the Participant?s
                  death) if the distributions are made at a rate which is not longer
                  than
                  that calculated (in the manner described in this Time Of Distribution
                  section) to provide payment of all the Participant?s vested Accrued
                  Benefit during the anticipated life expectancy of the designated
                  Beneficiary. Provided that if the designated Beneficiary is the
                  surviving
                  spouse of the deceased Participant, the distributions can begin
                  as long
                  after the Participant?s death as the date on which the deceased
                  Participant would have attained the age of seventy and one-half
                  (70?1/2).
                  If the surviving spouse dies after the Participant, but before
                  payments to
                  such spouse begin,
                  the provisions of this Subsection shall be applied as if the surviving
                  spouse were the Participant.

              

      

       

      
        
           

        

        
          30

          
            

          

        

        
           

        

      

      If
        the
        Participant has not made an election pursuant to this article by the time
        of his
        or her death, the Participant?s designated Beneficiary must elect the method
        of
        distribution no later than the earlier of (1) December 31 of the calendar
        year
        in which distributions would be required to begin under this Subsection,
        or (2)
        December 31 of the calendar year which contains the fifth (5th) anniversary
        of
        the date of death of the Participant. 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 (5th)
        anniversary of the Participant?s death.

       

      
        	 	
                I.

              	
                For
                  purposes of this article, any amount paid to a child of a Participant
                  will
                  be treated as if it had been paid to the surviving spouse of the
                  Participant if such remaining amount becomes payable to the surviving
                  spouse when the child reaches the age of
                  majority.

              

      

       

      
        	 	
                J.

              	
                All
                  distributions required under this section 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
                  proposed Treasury Regulation section 1.401
                  (a)(9)?2.

              

      

       

      For
        calendar years beginning after 1996, the required beginning date of a
        Participant, for purposes of required minimum distributions, is the later
        of:

       

      
        	 	
                1.

              	
                The
                  first day of April of the calendar year following the calendar
                  year in
                  which the Participant attains age seventy and one-half (70?1/2);
                  or

              

      

       

      
        	 	
                2.

              	
                The
                  calendar year in which the Participant retires if the Participant
                  is not a
                  five percent (5%) owner of the
                  Employer.

              

      

       

      
        	 	
                K.

              	
                In
                  every instance where Five Thousand Dollars ($5,000) appears in
                  this
                  article such amount is effective as of January 1,
                  1998.

              

      

       

      7.3 Segregation
        If Installment Distribution.

       

      The
        Administrative Committee may determine that the Employer Account of a
        Participant who is no longer an Employee shall be segregated and set aside,
        in
        which event the Administrative Committee shall direct the

       

      
        
           

        

        
          31

          
            

          

        

        
           

        

      

      Trustees
        to segregate the vested portion (as defined in Article VT) of the entire
        balance
        of the Participant?s Employer Account and to deposit such portion in a separate
        interest bearing account at a bank or savings and loan association, and said
        Account shall cease to participate in the income or net loss or appreciation
        or
        depreciation of the Trust Fund, as of the beginning of the Plan Year in which
        such segregation occurs, and instead will be credited with the full amount
        of
        interest earned thereon.

       

      7.4 Non-Segregation
        If Installment Distribution.

       

      In
        the
        event the Administrative Committee does not segregate (as provided in the
        Section entitled Segregation If Installment Distribution above) the Employer
        Account of a Participant, said Account shall continue to be treated, without
        interruption, in the same manner as when the Participant was an Employee,
        in
        which case the installment distributions shall be adjusted upward or downward
        to
        reflect appreciation or depreciation, or income or loss in the Account
        balance.

       

      7.5 Distribution
        After Death Of Participant.

       

      In
        the
        event of the death of a Participant after installment payments have begun,
        but
        prior to completion of such payments, the full amount of such unpaid benefits
        shall continue to be paid in the form of the previously established installments
        except that the Beneficiary may request that the remaining Accrued Benefit
        be
        paid in a lump sum.

       

      In
        the
        event of the death of the Participant prior to the start of any payments
        of his
        Accrued Benefit, distributions shall be made in the form and at the time
        or
        times selected by the Beneficiary pursuant to the Method Of Distribution
        Of
        Accounts section and the Time Of Distribution section of this
        Article.

       

      7.6 Distribution
        After Death Of Beneficiary.

       

      In
        the
        event of the death of a Beneficiary (or a contingent Beneficiary, if applicable)
        prior to the completion of payment of benefits due the Beneficiary from the
        Plan, the full amount of such unpaid benefits shall at once vest in and become
        the property of the estate of said Beneficiary. In determining the amount
        of
        such unpaid benefits, no adjustment shall be made by reason of any net income,
        or net loss, of the Trust, or any net appreciation or net depreciation by
        the
        Trust?s assets subsequent to the beginning of the Plan Year in which such
        final
        distribution occurs.

       

      
        
           

        

        
          32

          
            

          

        

        
           

        

      

      7.7 Direct
        Rollover.

       

      The
        Plan
        Administrator shall advise any distributee entitled to receive an eligible
        rollover distribution, at the same time as the notice required to be given
        pursuant to Article VII (or such other time as is permitted by law) of his
        right
        to elect a direct rollover to an eligible retirement plan, pursuant to the
        provisions of this Section. To elect a direct rollover the distributee must
        request in writing to the Administrative Committee that all or a specified
        portion of the eligible rollover distribution be transferred directly to
        an
        eligible retirement plan.

       

      For
        purposes of this Section, the following definitions shall apply:

       

      
        	 	
                A.

              	
                A
                  ?direct rollover? is a payment by the Plan to the eligible retirement
                  plan
                  specified by the distributee.

              

      

       

      
        	 	
                B.

              	
                A
                  ?distributee? includes 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
                  section414(p), are distributees with regard to the interest of
                  the spouse
                  or former spouse.

              

      

       

      
        	 	
                C.

              	
                An
                  ?eligible retirement plan? is a retirement plan which meets the
                  requirements of Code section 401(a), an annuity described in Code
                  section
                  403(a), an individual retirement account described in Code section
                  408(a),
                  or an individual retirement annuity (other than an endowment contract)
                  described in Code section 408(b), the terms of which permit the
                  acceptance
                  of a direct rollover of 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
                  an individual retirement annuity. The Administrative Committee
                  may
                  establish reasonable procedures for ascertaining that the eligible
                  retirement plan meets the preceding
                  requirements.

              

      

       

      
        	 	
                D.

              	
                An
                  ?eligible rollover distribution? is any distribution from this
                  Plan on or
                  after January 1, 1993 of all or any portion of the balance to the
                  credit
                  of the distributee, except for distributions (or portions thereof)
                  which
                  are

              

      

       

      
        	 	
                1.

              	
                Part
                  of a series of substantially equal periodic payments (not less
                  frequently
                  than annually) made over the life of the Employee (or the joint
                  lives of
                  the Employee and the

              

      

       

      
        
           

        

        
          33

          
            

          

        

        
           

        

      

      Employee?s
        designated Beneficiary), the life expectancy of the Employee (or the joint
        life
        and last survivor expectancy of the Employee and the Employee?s designated
        Beneficiary), or a specified period of ten (10) years or more;

       

      
        	 	
                2.

              	
                Required
                  under Code section 401(a)(9) (relating to the minimum distribution
                  requirements); or

              

      

       

      
        	 	
                3.

              	
                The
                  portion of any distribution that is not includable in gross income
                  (determined without regard to the exclusion for net unrealized
                  appreciation in employer securities described in Code section
                  402(e)(4)).

              

      

       

      
        	 	
                4.

              	
                Effective
                  for distributions after December 31, 1998, any hardship distributions,
                  as
                  described in Internal Revenue Code section
                  401(k)(2)(B)(i)(IV).

              

      

       

      7.8 Suspense
        Account For Terminated Participants.

       

      If
        a
        Participant has terminated his employment but his Employer Account is not
        one
        hundred percent (100%) vested and he has not had five (5) One (1) Year Breaks
        In
        Service subsequent to his termination, all funds in his Employer Account
        shall
        be held in suspense until the happening of the soonest of the
        following:

       

      
        	 	
                A.

              	
                The
                  Participant returning to employment with the Employer;
                  or

              

      

       

      
        	 	
                B.

              	
                The
                  occurrence of five (5) One (1) Year Breaks In Service with respect
                  to the
                  Participant; or

              

      

       

      
        	 	
                C.

              	
                The
                  Participant attaining Normal Retirement Age;
                  or

              

      

       

      
        	 	
                D.

              	
                The
                  Participant receives a Cash-Out.

              

      

       

      At
        such
        time the Participant?s Employer Account shall cease to be held in suspense.
        If a
        Participant has returned to employment prior to incurring five (5) One (1)
        Year
        Breaks In Service, his Employer Account which has been held in suspense shall
        be
        restored to his credit, less any Cash-Out which is not repaid in accordance
        with
        the Repayment Of Cash-Out section of this Article. If five (5) One (1) Year
        Breaks In Service occurs, the non- vested portion of the Employer Account
        held
        in suspense will be forfeited and reallocated in accordance with the Manner
        Of
        Allocation section above for the Plan Year in which such Forfeiture occurs;
        the
        vested portion shall be distributed in accordance with the provisions of
        Article
        VII. In the case of a Participant attaining Normal Retirement Age while his
        Employer

       

      
        
           

        

        
          34

          
            

          

        

        
           

        

      

      Account
        is being held in suspense, the entire vested amount will be distributed and
        the
        non-vested portion shall be forfeited in accordance with the provisions of
        this
        Article VII.

       

      Such
        Account shall share in any appreciation, depreciation, or net income or loss
        as
        if it were not in suspense, except that an Account which is in suspense shall
        have no Forfeitures allocated to it for a Plan Year in which the Employee
        does
        not have a Year Of Service For Accrual Of Benefits.

       

      Notwithstanding
        anything contained in this Suspense Account for Terminated Participants section
        to the contrary, upon the payment of a Participant?s vested Accrued Benefit
        through a Cash-Out, the non-vested portion of such Participants Accrued Benefit
        shall be forfeited and shall be reallocated for the Plan Year in which five
        (5)
        Or: (1) Year Breaks In Service occurs in accordance with the Manner Of
        Allocation section above.

       

      7.9 Unable
        To Locate Participant Or Beneficiary.

       

      If
        the
        Participant or Beneficiary to whom benefits are to be distributed cannot
        be
        located, and reasonable efforts have been made to locate the Participant
        or
        Beneficiary, including the sending of notification by certified or registered
        mail to his last known address, the Administrative Committee may direct the
        Trustees to take any of the following actions:

       

      
        	 	
                A.

              	
                Distribute
                  the benefits in question to an interest bearing savings account
                  established in the name of the Participant or Beneficiary; or,
                  if the
                  benefits are payable to a Participant (as reasonably determined
                  by the
                  Administrative Committee) the Administrative Committee may instruct
                  the
                  Trustees to distribute the funds to the Participant by placing
                  them in a
                  savings account in the Participant?s name or by purchasing U.S.
                  Savings
                  Bonds in the Participant?s name and holding them for the
                  Participant;

              

      

       

      
        	 	
                B.

              	
                If
                  the Administrative Committee has taken the reasonable efforts,
                  as
                  described in the preceding sentence, to locate the Participant,
                  the
                  Administrative Committee may allocate the Participant?s Accrued
                  Benefits
                  to a segregated account in the manner described in the Segregation
                  Of
                  Installment Distributions section in this Article, as if an installment
                  distribution were being made; however, such funds shall be held
                  in the
                  segregated account for distribution to the Participant when
                  located;

              

      

       

      
        	 	
                C.

              	
                The
                  Participant?s Accrued Benefits may be forfeited and reallocated
                  pursuant
                  to the Manner Of Allocation section above; if the Participant subsequently
                  returns, such Forfeiture shall be restored and shall be made
                  first out of Forfeitures, if any, and then by additional Employer
                  contributions.

              

      

       

      
        
           

        

        
          35

          
            

          

        

        
           

        

      

       

      7.10 Repayment
        Of Cash-Out.

       

      If
        a
        Participant receives a Cash-Out distribution from the Plan as a result of
        ceasing to be an Employee, and is less than one hundred percent (100%) vested
        in
        his Accrued Benefit at such time, Participant shall have the right to repay
        to
        the Plan the Cash-Out distribution received from the Plan, prior to the sooner
        of (i) five (5) years from the individual again becoming an Employee, or
        the
        completion of five (5) consecutive One (1) Year Breaks in Service following
        the
        date of distribution of the Cash-Out to the Participant. If the Participant
        makes such payment within the time specified in the preceding sentence, any
        non-vested portion of his Cash-O distribution which was forfeited pursuant
        to
        Section 7.8 will be restored to his credit. The permissible sources of
        restoration of the forfeited portion of a Cash- Out distribution are: income
        or
        gains from Plan investments, Forfeitures and Employer contribution. However,
        except with respect to the forfeited portion of a Cash-Out distribution,
        only
        amounts held in suspense pursuant to the Suspense Account For Terminated
        Participants section of this Article shall be used to satisfy such
        restoration.

       

      7.11 Options
        Of Participants To Sell Stock.

       

      
        	 	
                A.

              	
                If
                  the Qualifying Employer Securities are not readily tradable on
                  an
                  established securities market, and if the Employer is not a bank
                  or
                  financial institution prohibited by applicable federal or local
                  law from
                  redeeming its stock, a Participant or Beneficiary shall have the
                  option to
                  sell to the Employer all Qualifying Employer Securities which have
                  been
                  distributed to Participant or Beneficiary, at a price determined
                  pursuant
                  to a fair valuation formula which is calculated to provide the
                  Fair Market
                  Value of such securities as of the valuation date immediately preceding
                  the date of the exercise of this ?put? option, during the sixty
                  (60) day
                  period immediately following the date on which Qualifying Employer
                  Securities are distributed and for a sixty (60) day period beginning
                  on
                  the later of:

              

      

       

      
        	 	
                1.

              	
                The
                  first (1st) day of the Plan Year immediately following the distribution
                  of
                  Qualifying Employer Securities to the Participant;
                  or

              

      

       

      
        	 	
                2.

              	
                The
                  first (1st) day following the expiration of the first sixty (60)
                  day
                  option period.

              

      

       

      
        	 	
                B.

              	
                The
                  put option shall provide that if a Participant or Beneficiary exercises
                  the put option, the Employer, (or the Plan, if the Plan so elects),
                  shall repurchase the Qualifying Employer Securities in one of the
                  following methods:

              

      

       

      
        
           

        

        
          36

          
            

          

        

        
           

        

      

       

      
        	 	
                1.

              	
                Payment
                  of the Fair Market Value of the Qualifying Employer Securities,
                  determined
                  as of the valuation date immediately preceding the date of the
                  exercise of
                  the put option, may be made in substantially equal payments not
                  less
                  frequently than annually, over a period not exceeding five (5)
                  years. The
                  first installment shall be paid not later than thirty (30) days
                  after the
                  Participant exercises the put option. The Employer will pay a reasonable
                  rate of interest and provide adequate security on amounts not paid
                  after
                  thirty (30) days.

              

      

       

      
        	 	
                2.

              	
                The
                  Employer may pay the Participant or Beneficiary an amount equal
                  to the
                  Fair Market Value, determined as of the valuation date immediately
                  preceding the date of the exercise of the put option, of the Qualifying
                  Employer Securities repurchased no later than thirty (30) days
                  after the
                  date the put option is exercised.

              

      

       

      
        	 	
                C.

              	
                The
                  Trust shall have the option, but in no event the responsibility,
                  to assume
                  the rights and obligations of the Employer at the time the put
                  option
                  required by Section 7.11A is
                  exercised.

              

      

       

      7.12 Right
        Of First Refusal.

       

      All
        shares of Qualifying Employer Securities distributed by the Trustee, except
        those which are readily tradable on an established securities market, shall
        be
        subject to a right of first refusal.? Such right shall provide that, prior
        to
        any subsequent transfer, the shares must first be offered by written offer
        to
        the Employer, unless the Employer is a bank or financial institution prohibited
        from redeeming its stock by applicable federal or local law, and Trust in
        any
        order of priority. In the event that the proposed transfer constitutes a
        gift or
        such other transfer at less than Fair Market Value, the Plan Administrator
        shall
        so advise the Trustees and the price per share shall be determined by the
        Trustee under the Fair Market Value definition in Article II as of the last
        day
        of the Plan Year, or in the case of a transaction between the Plan and a
        disqualified person as defined in Code section 4975(e)(2), as of the date
        of the
        transaction. In the event of a proposed purchase by a prospective bona fide
        purchaser, the offer to the Trust shall be at the greater of Fair Market
        Value,
        as determined above by the Trustees or at the price offered by the prospective
        bona fide purchaser. The Employer or Trust, as the case may be, may accept
        the
        offer at any time during a period not exceeding fourteen (14) days after
        the
        security holder gives written notice to the Trustees that an offer by a third
        (3rd) party to purchase
        the Qualifying Employer Securities has been received or that a transfer of
        any
        sort is to occur.

       

      
        
           

        

        
          37

          
            

          

        

        
           

        

      

       

      7.13 Other
        Restrictions.

       

      Except
        as
        otherwise provided in this Article VII, a Participant may not be required
        to
        sell Company Stock to the Trust, nor may the Trustees enter into an agreement
        which obligates the Trust to purchase Company Stock. Shares of Company Stock
        which are held or distributed by the Trustees may be subject to restrictions
        on
        transferability as may be necessary to comply with applicable federal and
        state
        securities or banking laws. Other than such restrictions, and as provided
        in the
        Options Of Participants To Sell Stock and the Right Of First Refusal sections
        of
        Article VII no shares of Company Stock held or distributed b .he Trustees
        may be
        subject to a put, call or other option or buy/sell or similar arrangement.
        The
        provisions of this Article 7.13 shall continue to apply to Company Stock
        even
        though:

       

      
        	 	
                A.

              	
                Qualifying
                  Employer securities acquired with the proceeds of an exempt loan
                  are fully
                  paid for; or

              

      

       

      
        	 	
                B.

              	
                The
                  Plan ceases to be an employee stock ownership plan as defined in
                  Code
                  section 4975(e)(7).

              

      

       

      7.14 Distribution
        Of Dividends.

       

      On
        or
        before the thirtieth (30th) day after the close of each Plan Year the
        Administrative Committee shall direct the Trustees as to whether any or all
        of
        the cash dividends received on any Qualifying Employer Securities, if any,
        owned
        by the Plan shall be: (i) retained by the Plan and allocated pursuant to
        the
        Valuation Of Assets And Allocation Of Changes section; (ii) distributed to
        each
        Participant; or (iii) used to make payments on an Exempt Loan. In the event
        the
        Administrative Committee elects to cause the cash dividends to be distributed
        to
        Participants, each Participant shall receive, no later than ninety (90) days
        after the close of the Plan Year in which the dividend is paid, the pro rata
        share, computed in accordance with the provisions of the Valuation Of Assets
        And
        Allocation Of Changes section above, of such cash dividend (excluding earnings
        thereon).

       

      7.15 Diversification
        Of Investments.

       

      
        	 	
                A.

              	
                Notwithstanding
                  the Investments sections of Article V and Article VIII, each Qualified
                  Participant shall be permitted to direct the Plan as to the investment
                  of
                  twenty-five percent (25%) of the value of the Participant?s Account
                  balance attributable to Qualifying Employer Securities which were
                  acquired
                  by the Plan after December 31,
                  1986,

              

      

       

      
        
           

        

        
          38

          
            

          

        

        
           

        

      

      within
        ninety (90) days after the last day of each Plan Year during the Participant?s
        Qualified Election Period. Within ninety (90) days after the close of the
        last
        Plan Year in the Participant?s Qualified Election Period, a Qualified
        Participant may direct the Plan as to the investment of fifty percent (50%)
        of
        the value of such Account balance.

       

      
        	 	
                B.

              	
                The
                  Participant?s direction shall be provided to the Administrative
                  Committee
                  in writing; shall be effective no later than one hundred eighty
                  (180) days
                  after the close of the Plan Year to which the direction applies;
                  and shall
                  specify which, if any, of the options set forth below the Participant
                  selects.

              

      

       

      
        	 	
                C.

              	
                At
                  the election of the Qualified Participant, the Plan shall distribute
                  in
                  cash the portion of the Participant?s Account that is covered by
                  the
                  election within ninety (90) days after the last day of the period
                  during
                  which the election can be made.

              

      

       

      
        	 	
                D.

              	
                In
                  lieu of distribution under this Section, the Qualified Participant
                  who has
                  the right to receive a distribution may direct the Plan to transfer
                  the
                  portion of the Participant?s Account that is covered by the election
                  to
                  another qualified plan of the Employer which accepts such transfers,
                  provided that such plan permits Employee-directed investment. Such
                  transfer shall be made no later than ninety (90) days after the
                  last day
                  of the period during which the election can be
                  made.

              

      

       

      7.16 Qualified
        Domestic Relations Orders.

       

      All
        rights and benefits, including elections, provided to a Participant in this
        Plan
        shall be subject to the rights afforded to any ?alternate payee? under a
        ?Qarfid
        Domestic Relations Order? as those terms are defined in Code section 414(p).
        A
        distribution may be made to an alternate payee pursuant to a qualified domestic
        relations order at any time, regardless of whether the Participant has reached
        the ?earliest retirement age? under the Plan (as defined in Code section
        414(p)(4)(B)), if the Qualified Domestic Relations Order requires such a
        distribution. However, nothing contained in this section or in a Qualified
        Domestic Relations Order shall entitle a Participant to receive a distribution
        prior to the time otherwise permitted under this Plan or entitle an alternate
        payee to receive a form of payment not otherwise permitted under the
        Plan.

       

      Notwithstanding
        any other provisions of Article VII, any Accrued Benefit of a Participant
        may be
        apportioned between the Participant and the alternate payee (as defined in
        Code
        section 4l4(p)(8)) either through separate accounts or by providing the
        alternate payee a percentage of the

       

      
        
           

        

        
          39

          
            

          

        

        
           

        

      

      Participant?s
        Account. The Committee may direct distributions to an alternate payee pursuant
        to a Qualified Domestic Relations Order as defined in Code section 414(p)(1)(A)
        prior to the date on which the Participant attains the earliest retirement
        age,
        provided that the Committee has properly notified the affected Participant
        and
        each alternate payee of the order and has determined that the order is a
        Qualified Domestic Relations Order as defined in Code section 414(p)(1)(A).
        The
        alternate payee shall be paid a separate account or a percentage of the
        Participant?s Account, computed as of the valuation date described in the
        Valuation Of Assets And Allocations Of Changes section of the Plan, in a
        lump
        sum payment notwithstanding the value of such lump sum payment unless the
        domestic relations order specifies a different manner of payment permitted
        by
        the Plan. The alternate payee shall not be required to consent to such lump
        sum
        payment. The Committee shall adopt reasonable procedures to determine the
        qualified status of Qualified Domestic Relations Orders and to administer
        the
        distributions thereunder.

       

      ARTICLE
        VIII- DUTIES AND AUTHORITY OF TRUSTEE

       

      8.1 Receive
        Payments.

       

      The
        Trustees shall receive from the Employer the payments made by it on account
        of
        its contributions under the Plan but the Trustees shall have no duty to compute
        any amount due from the Employer or to collect the same.

       

      8.2 Evaluate
        Assets.

       

      The
        Trustees shall evaluate the assets of the Trust Fund as of the close of the
        last
        day of each Plan Year and on such other dates as determined by the Trustees
        and
        the Administrative Committee at their Fair Market Value and the Administrative
        Committee or its agent will allocate the sums contributed by the Employer
        plus
        the net income or minus the net loss of the Trust Fund and plus the net
        appreciation or minus the net depreciation in the Trust assets to separate
        bookkeeping accounts in the names of the respective Participants under the
        Plan
        in accordance with the provisions of the Fair Market Value definition in
        Article
        II and Valuation Of Assets And Allocations Of Changes sections of the
        Plan.

       

      8.3 Segregation
        Of Accounts.

       

      When
        directed in writing by the Administrative Committee, the Trustees shall
        segregate the Accounts of terminated Participants in accordance with the
        provisions of Section 7.3, and make payments out of the Trust Fund from time
        to
        time to the Participants or their Beneficiaries, such payments

       

      
        
           

        

        
          40

          
            

          

        

        
           

        

      

      to
        be
        made in the manner and in the amounts as may be specified in the written
        instructions of the Administrative Committee.

       

      8.4 Tax
        Returns And Reports.

       

      If
        the
        Trustees are a corporate fiduciary, then such Trustees shall prepare or cause
        to
        have prepared and filed, all tax returns, reports, and related documents,
        except
        as otherwise specifically provided in this Plan or unless the Administrative
        Committee, in writing, relieves the Trustees of such obligation, in part
        or
        entirely, in which case the Administrative Committee, or the person or persons
        it designates, shall be responsible for filing the tax returns, reports,
        and
        related filings, as provided by the Administrative Committee. The Trustees
        shall
        be entitled to rely on the accuracy of any written statement from the
        Administrative Committee or from an officer of the Employer as to those matters
        provided in Article IX.

       

      8.5 Powers.

       

      In
        the
        event that Qualifying Employer Securities held by the Plan include voting
        stock,
        or stock or other securities with any rights other than voting rights, the
        Trustees shall exercise on behalf of Participants, voting or other stock
        or
        equity rights with respect to the stock contributed to the Plan. The Trustees
        shall notify each Participant to whose Account any Qualifying Employer Security
        has been allocated at least thirty (30) days prior to any occasion on which
        such
        voting or other rights may be exercised. Such notification shall include
        all
        information distributed to shareholders or holders of such other equities
        by the
        Employer regarding the exercise of such voting or other rights. Such
        notification shall contain a procedure under which each of such Participants
        shall be able to direct the Trustees in the exercise of the voting, or other
        rights. The Trustees shall be bound by the instructions of each Participant.
        If
        a Participant gives no instructions to the Trustee, the Trustee shall vote
        such
        Participant?s stock or exercise such rights in the best interests of the
        Participants.

       

      The
        Trustees are authorized and empowered to:

       

      
        	 	
                A.

              	
                Invest
                  and reinvest the Trust Fund, without distinction between principal
                  and
                  income, in Qualifying Employer Securities, bank accounts, certificates
                  of
                  deposit, common stocks, preferred stocks, bonds, notes, debentures,
                  mortgages, U.S. retirement plan bonds, and in other property, real
                  or
                  personal, so long as the incidents of ownership of such property
                  are
                  within the jurisdiction of the United States, and so long as such
                  investments do not violate applicable
                  law;

              

      

       

      
        	 	
                B.

              	
                Purchase
                  and hold Qualifying Employer Securities in a value up to one hundred
                  percent (l00%) of the total value of the Trust Fund,
                  and

              

      

       

      
        
           

        

        
          41

          
            

          

        

        
           

        

      

      borrow
        funds arid pledge as collateral therefor the Qualifying Employer Securities
        so
        acquired; the Trustees shall have the duty to invest primarily in Qualifying
        Employer Securities;

       

      
        	 	
                C.

              	
                Purchase,
                  sell, exchange, convey, transfer, or otherwise realize the value
                  of any
                  property held by it, specifically including the purchase and sale
                  of
                  Qualifying Employer Securities from or to the Employer or a disqualified
                  person (as defined in Code section 4975(e)(2)) or a party in interest
                  (as
                  defined in ERISA section 3(14)) if such purchase or sale is for
                  adequate
                  consideration and no commission is charged with respect
                  thereto;

              

      

       

      
        	 	
                D.

              	
                Convert
                  any stocks, bonds, or other securities; to give general or special
                  proxies
                  or powers of attorney with or without power of substitution; to
                  exercise
                  any warrants, conversion privileges, subscription rights, or other
                  options
                  and to make any payment incidental thereto; to consent to or otherwise
                  participate in corporate reorganizations or other changes affecting
                  corporate securities and to delegate discretionary powers to pay
                  any
                  assessments or charges in connection therewith; and generally to
                  exercise
                  any of the powers of an owner with respect to stocks, bonds, securities
                  or
                  other properties held in the Trust
                  Fund;

              

      

       

      
        	 	
                E.

              	
                Make,
                  execute, acknowledge, and deliver any and all documents of transfer
                  and
                  conveyance and any other instruments that may be necessary or appropriate
                  to carry out the powers herein
                  granted;

              

      

       

      
        	 	
                F.

              	
                Register
                  any investments held in the Trust Fund in its own name or in the
                  name of a
                  nominee or nominees and to hold any investment in bearer form,
                  but the
                  books and records of the Trustees shall at all times show that
                  all such
                  investments are part of the Trust
                  Fund;

              

      

       

      
        	 	
                G.

              	
                Invest
                  all or a part of the Trust Fund in deposits which bear a reasonable
                  rate
                  of interest in a bank or similar financial institution, even though
                  such
                  institution is a Trustee or other fiduciary, as defined in Code
                  section
                  4975(e)(3);

              

      

       

      
        	 	
                H.

              	
                Invest
                  in a common or collective trust fund or pooled investment fund
                  maintained
                  by a bank or trust company or a pooled investment fund of an insurance
                  company qualified to do business in a State even though such bank,
                  trust
                  company or insurance company is a disqualified person, as defined
                  in Code
                  section 4975(e)(2);

              

      

       

      
        	 	
                I.

              	
                Take
                  whatever actions are necessary to ensure that Qualifying Employer
                  Securities consisting of stock are distributed in the manner prescribed
                  in
                  the Method Of Distribution Of Accounts section of Article
                  VII; such actions may include, but are not limited to, purchasing
                  or
                  exchanging such stock from the Trust, even though it has already
                  been
                  allocated to the Employer Accounts of Participants and purchasing
                  or
                  exchanging such stock as described in subparagraph C of this
                  Section;

              

      

       

      
        
           

        

        
          42

          
            

          

        

        
           

        

      

       

      
        	 	
                J.

              	
                Purchase
                  Qualifying Employer Securities from persons, including ?disqualified
                  persons? as that term is defined in Code section 4975(e)(2), so
                  long as
                  the purchase price does not exceed the Fair Market Value of such
                  securities and so long as the terms of the purchase are fair and
                  reasonable;

              

      

       

      
        	 	
                K.

              	
                Perform
                  all such acts, although not specifically mentioned herein, as the
                  Trustees
                  may deem necessary to administer the Trust Fund and to carry out
                  the
                  purpose of the Trust; and

              

      

       

      
        	 	
                L.

              	
                Borrow,
                  or loan, except as prohibited by Code section 4975(c) without reference
                  to
                  Code section 4975(d), sums as the Trustees deems desirable, and
                  for that
                  purpose, to mortgage or pledge all or part of the Trust Fund; and
                  borrow
                  from ?disqualified persons? (as that term is defined in Code section
                  4975(e)(2)) in such amounts as permitted by the Loans From Disqualified
                  Persons section of Article VIII, for the purpose of purchasing
                  Qualifying
                  Employer Securities.

              

      

       

      8.6 Expenses.

       

      All
        brokerage costs, transfer taxes and similar expenses incurred in connection
        with
        the investment and reinvestment of the Trust Fund and all taxes of any kind
        whatsoever which may be levied or assessed under existing or future laws
        upon or
        in respect of the Trust Fund, and any interest which may be payable on money
        borrowed by the Trustees for the purpose of the Trust (however, such funds
        may
        not be borrowed for the purpose of purchasing Qualifying Employer Securities),
        shall be paid from the Trust Fund, and, until paid, shall constitute a charge
        upon the Trust Fund. All other administrative expenses incurred by the Trustees
        in the performance of its duties, including such Compensation to the Trustees
        as
        may be agreed upon from time to time between the Employer and the Trustees
        (in
        accordance with the Trustees? standard schedule of fees in effect from time
        to
        time during the time it administers this Trust, if applicable) and all proper
        charges and disbursements of the Trustees, shall be paid by the Employer,
        but
        until paid shall constitute a charge upon the Trust Fund. If the Employer
        advises the Trustees in writing of its determination to make no further
        contribution to this Trust, the expenses of the Trustees shall thereafter
        be
        charged against and paid out of the Trust Fund and a lien for the payment
        thereof shall be impressed upon the assets of the Trust to be charged
        proportionately against the amount standing to the credit of each

       

      
        
           

        

        
          43

          
            

          

        

        
           

        

      

      Participant.
        However, no person who is a disqualified person (as defined in Code section
        4975(e)(2) ) and who received full-time pay from the Employer, may receive
        Compensation from the Trust, except for reimbursement of expenses properly
        and
        actually incurred.

       

      The
        Trustees may inspect the records of the Employer whenever such inspection
        may be
        reasonably necessary in order to determine any fact pertinent to the performance
        of its duties as the Trustees. The Trustees, however, shall not be required
        to
        make such inspection, but may, in good faith, rely on any statement of the
        Employer or any of its officers.

       

      8.7 Litigation.

       

      The
        Trustees shall not be required to participate in any litigation for the
        collection of moneys or other property due the Trust Fund, or in defense
        of any
        claim against the Trust Fund unless the Trustees shall have been indemnified
        to
        its satisfaction against all expenses and liability to which the Trustees
        might
        become subject.

       

      8.8 Written
        Instructions.

       

      When
        any
        act of the Trustees is based upon instructions of the Employer or the
        Administrative Committee, the Trustees may rely upon instructions in writing,
        signed by an officer of the Employer, or upon written instructions from the
        Administrative Committee, as appropriate.

       

      8.9 Appointment
        Of Investment Manager.

       

      The
        Trustees, with the written concurrence of the Administrative Committee, may
        appoint an Investment Manager (as defined in ERISA section 3(38)), who shall
        have responsibility for investment of the Trust Fund. The Investment Manager
        shall have the investment powers granted the Trustees in the Powers section
        of
        this Article except to the extent the Investment Manager?s powers are
        specifically limited by an agreement between the Trustee and Investment
        Manager.

       

      8.10 Removal
        And Resignation Of The Trustee.

       

      The
        Employer may at any time remove any Trustee acting hereunder or appoint a
        corporation and/or an individual or individuals to be successor Trustee
        hereunder in the place of any removed or resigning Trustee. Any Trustee may
        at
        any time resign by giving written notice to the Employer, which resignation
        shall take effect on the date therein specified and which shall not be less
        than
        thirty (30) days from the date of notice unless the Employer shall agree
        to an
        earlier date.

       

      
        
           

        

        
          44

          
            

          

        

        
           

        

      

      8.11 Loans
        From Disqualified Persons

       

      The
        Trustees shall have the power to borrow funds either in the form of cash,
        a
        purchase money transaction, or the assumption of an obligation, from
        ?disqualified persons (as that term is defined in Code section 4975(e)(2)),
        or
        guaranteed by disqualified persons, for the purpose of purchasing Qualifying
        Employer Securities or to repay amounts which were borrowed for the purpose
        of
        purchasing such securities, only if the following conditions are
        met:

       

      
        	 	
                A.

              	
                Such
                  loan must provide for periodic payments over a definitely ascertainable
                  term;

              

      

       

      
        	 	
                B.

              	
                The
                  only assets given as collateral for such loan may be, in the case
                  of a
                  loan to purchase Qualifying Employer Securities, those Qualifying
                  Employer
                  Securities purchased with the proceeds of the loan, and in the
                  case of a
                  loan to refinance a prior loan used to acquire Qualifying Employer
                  Securities, the Qualifying Employer Securities acquired with such
                  prior
                  loan;

              

      

       

      
        	 	
                C.

              	
                The
                  only Plan assets available upon default to persons who loaned funds
                  or who
                  are entitled to payments under a loan from a disqualified person
                  are:

              

      

       

      
        	 	
                1.

              	
                Qualifying
                  Employer Securities given pursuant to paragraph B
                  above;

              

      

       

      
        	 	
                2.

              	
                Contributions
                  made to the Plan, other than contributions of Qualifying Employer
                  Securities, that are made for the purpose of meeting the Plan?s
                  obligations under the loan; and

              

      

       

      
        	 	
                3.

              	
                Earnings
                  attributable to amounts described in 1 and 2 of this
                  sentence.

              

      

       

      
        	 	
                D.

              	
                Amounts
                  paid during a Plan Year in repayment of such loan may not exceed
                  amounts
                  contributed (during the current and prior Plan Years) to the Plan
                  for the
                  purpose of meeting the Plan?s obligations under the loan, less
                  total prior
                  payments on the loan;

              

      

       

      
        	 	
                E.

              	
                Amounts
                  contributed to the Plan for the purpose of meeting loan obligations
                  shall,
                  prior to making payments under such loan, be segregated from the
                  other
                  amounts held by the Plan and all earnings thereon shall be allocated
                  to
                  such segregated account;

              

      

       

      
        
           

        

        
          45

          
            

          

        

        
           

        

      

      
        	 	
                F.

              	
                Upon
                  default, Plan assets shall be transferred to the lender, in an
                  amount
                  which is necessary to make payments which are currently due under
                  the
                  payment schedule of the loan, without acceleration of future amounts
                  due
                  thereon;

              

      

       

      
        	 	
                G.

              	
                Interest
                  charged under the loan must be reasonable after considering all
                  relevant
                  factors such as the loan?s amount and duration, the amount of security
                  provided the lender (including any guarantee), the credit standing
                  of the
                  Plan and prevailing interest rates;

              

      

       

      
        	 	
                H.

              	
                Qualifying
                  Employer Securities which are pledged as collateral for such loan
                  must be
                  released from encumbrance at the end of each Plan Year in an amount
                  equal
                  to the number of currently encumbered securities multiplied by
                  a fraction,
                  the numerator of which is the total payment of principal and interest
                  made
                  during the Plan Year, and the denominator of which is the total
                  payment of
                  principal and interest made during the Plan Year plus the total
                  payment of
                  principal and interest due under the loan for all future Plan Years.
                  (If
                  the interest rate under the loan is variable the above calculation
                  must be
                  made using the interest rate which is applicable as of the end
                  of the Plan
                  Year in which such calculation is made.) Securities of different
                  classes
                  must be released from encumbrance in equal percentages;
                  -

              

      

       

      
        	 	
                I.

              	
                All
                  Qualifying Employer Securities acquired with the proceeds of a
                  loan from a
                  ?disqualified person,? whether they are pledged as collateral for
                  such
                  loan or not, shall be held in suspense in the Unallocated Stock
                  Account
                  and shall be removed from such Account and be allocated to the
                  Employer
                  Accounts of Participants at the end of each Plan Year to the extent
                  paragraph H of this section provides for the release of encumbered
                  securities. Income earned from securities held in suspense shall
                  be deemed
                  to be the income of the Plan and shall not be held in suspense
                  unless such
                  income has been pledged as collateral for the loan. Should a portion
                  of a
                  Participant?s Employer Account be forfeited, Qualifying Employer
                  Securities held in suspense for such Participant pursuant to this
                  paragraph may only be forfeited after all other assets in the
                  Participant?s Employer Account are
                  forfeited.

              

      

       

      ARTICLE
        IX - DUTIES AND AUTHORITY OF ADMINISTRATIVE COMMITTEE

       

      9.1 Appointment.

       

      This
        Plan
        shall be administered by the Administrative Committee as Plan Administrator.
        The
        Board of Directors of the Employer shall appoint the Administrative Committee,
        which shall consist of at least three (3) persons

       

      
        
           

        

        
          46

          
            

          

        

        
           

        

      

      who
        shall
        signify in writing their acceptance of such appointment. Any member of the
        Administrative Committee may resign upon giving written notice to the Board
        Of
        Directors of the Employer. Each appointee shall hold office at the pleasure
        of
        the Board Of Directors. Vacancies arising in the Administrative Committee
        from
        death, resignation, removal or otherwise, shall be filled by the Board Of
        Directors, but the Administrative Committee may act notwithstanding the
        existence of vacancies so long as there is at least one (1) member of the
        Administrative Committee who is a director.

       

      At
        any
        time the Board Of Directors of the Employer may adopt a resolution abolishing
        the Administrative Committee and reserving all of the duties of the
        Administrative Committee to the Board of Directors. Such resolution shall
        be
        effective as soon as it is communicated in writing to both the Administrative
        Committee and Trustees, or at any such subsequent effective date as is provided
        in the resolution. Whenever such a resolution is effective as to the Plan
        or in
        the event an Administrative Committee is not appointed, the term Plan
        Administrator or Board of Directors shall be deemed to replace the term
        ?Administrative Committee.? Such a resolution may be rescinded by the Board
        Of
        Directors and shall be effective as soon as it is communicated in writing
        to the
        Trustees, or shall be effective at such later date as is provided in the
        resolution.

       

      9.2 No
        Discrimination.

       

      The
        Administrative Committee shall not take any action nor direct the Trustees
        to
        take any action that would result in benefiting one (1) Participant or group
        of
        Participants at the expense of another, or discriminating between Participants
        similarly situated, or applying different rules to substantially similar
        sets of
        facts.

       

      9.3 Majority
        Action.

       

      The
        Administrative Committee shall act by a majority (or by all members if there
        be
        only one (1) or two (2) members) of the number of members constituting the
        Administrative Committee at the time of such action, and such action may
        be
        taken either by vote at a meeting or in writing without a meeting.

       

      9.4 Powers.

       

      Except
        as
        otherwise provided in the Plan, the Administrative Committee shall have control
        of the administration of the Plan, with all powers necessary to enable it
        to
        carry out its duties in that respect. Not in limitation, but in amplification
        of
        the foregoing, the Administrative Committee shall have power to interpret
        or
        construe the Plan and to

       

      
        
           

        

        
          47

          
            

          

        

        
           

        

      

      determine
        all questions that may arise hereunder as to the status and rights of
        Participants and others hereunder. The Administrative Committee may inspect
        the
        records of the Employer or Trustees whenever such inspection may be reasonably
        necessary in order to determine any fact pertinent to the performance of
        the
        duties of the Administrative Committee. The Administrative Committee, however,
        shall not be required to make such inspection, but may, in good faith, rely
        on
        any statement of the Trustees or Employer or any of its officers or
        Employees.

       

      9.5 Filing
        Reports.

       

      The
        Administrative Committee shall furnish, or shall see that the Employer
        furnishes, a summary of this Plan to all Employees, as required by applicable
        Federal law. The Administrative Committee shall furnish the Trustees the
        names
        of all Employees who become eligible as Participants, and the Administrative
        Committee shall notify each Employee of his eligibility.

       

      9.6 Records
        And Information.

       

      The
        Administrative Committee shall keep a complete record of all its proceedings
        and
        all data necessary for the administration of the Plan.

       

      9.7 Information
        To Participants.

       

      The
        Administrative Committee shall direct the maintenance of separate Accounts
        of
        the Participants. It shall give each Participant, at least once every year,
        information as to the balance of his Employer Account.

       

      9.8 Compensation
        Of Members.

       

      The
        members of the Administrative Committee shall serve without Compensation
        for
        their services as such, but shall be reimbursed by the Employer for all
        necessary expenses incurred in the discharge of their duties. If the Employer
        advises the Administrative Committee in writing of its determination to make
        no
        further contributions to the Plan, the expenses of the Administrative Committee
        shall thereafter be charged against and paid out of the Trust Fund and a
        lien
        for the payment thereof shall be impressed upon the assets of the Trust to
        be
        charged proportionately against the amount standing to the credit of each
        Participant.

       

      9.9 Review
        Of Participant?s Claims.

       

      In
        case
        the claim of any Participant or Beneficiary for benefits under the Plan is
        denied, the Administrative Committee shall provide adequate notice

       

      
        
           

        

        
          48

          
            

          

        

        
           

        

      

      in
        writing to such claimant, setting forth the specific reasons for such denial.
        The notice shall be written in a manner calculated to be understood by the
        claimant. The Administrative Committee shall afford a Participant or
        Beneficiary, whose claim for benefits has been denied, sixty (60) days from
        the
        date notice of such denial is delivered or mailed in which to appeal the
        decision in writing to the Administrative Committee. If the Participant or
        Beneficiary appeals the decision in writing within sixty (60) days, the
        Administrative Committee shall review the written comments and any submissions
        of the Participant or Beneficiary and render its decision regarding the appeal,
        all within sixty (60) days of such appeal.

       

      ARTICLE
        X
        - MODIFICATIONS FOR TOP HEAVY PLANS

       

      10.1 Application
        Of Article.

       

      The
        provisions in this Article X shall take precedence over any other provisions
        in
        the Plan with which they conflict.

       

      10.2 Definitions.

       

      For
        purposes of this Article X, the following words and terms shall have the
        meanings indicated:

       

      A. Key
        Employee.

       

      Any
        Employee or former Employee (and the beneficiaries of such Employee) who
        at any
        time during the determination period was

       

      
        	 	
                1.

              	
                An
                  officer of the Employer if such individual?s annual Compensation
                  exceeds
                  fifty percent (50%) of the dollar limitation under Code section
                  415(b)(1)(A);

              

      

       

      
        	 	
                2.

              	
                An
                  owner (or considered an owner under Code section 318) of one (1)
                  of the
                  ten (10) largest interests in the Employer if such individual?s
                  Compensation exceeds one hundred percent (100%) of the dollar limitation
                  under Code section 415(c)(1)(A);

              

      

       

      
        	 	
                3.

              	
                A
                  five-percent (5%) owner of the Employer;
                  or

              

      

       

      
        	 	
                4.

              	
                A
                  one-percent (1%) owner of the Employer who has an annual Compensation
                  of
                  more than One Hundred Fifty Thousand Dollars
                  ($150,000).

              

      

       

      
        
           

        

        
          49

          
            

          

        

        
           

        

      

      ?Annual
        Compensation? means Compensation as defined in Code section 415(c)(3) and
        for
        all Plan Years includes amounts contributed by the Employer pursuant to a
        salary
        reduction agreement which are excludable from the Employee?s gross income
        under
        Code section 125, section 402(e)(3), section 402(h) or section 403(b). The
        determination period is the Plan Year containing the determination date and
        the
        four (4) preceding Plan Years.

       

      The
        determination of who is a key Employee will be made in accordance with Code
        section 416(i)(1) and the regulations thereunder.

       

      B. Top
        Heavy plan.

       

      For
        any
        Plan Year beginning after December 31, 1983, this Plan is top heavy if any
        of
        the following conditions exists:

       

      
        	 	
                1.

              	
                If
                  the top heavy ratio for this Plan exceeds sixty percent (60%) and
                  this
                  Plan is not part of any required aggregation group or permissive
                  aggregation group of plans.

              

      

       

      
        	 	
                2.

              	
                If
                  this Plan is a part of a required aggregation group of plans but
                  not part
                  of a permissive aggregation group and the top heavy ratio for the
                  group of
                  plans exceeds sixty percent (60%).

              

      

       

      
        	 	
                3.

              	
                If
                  this Plan is a part of a required aggregation group and part of
                  a
                  permissive aggregation group of plans and the top heavy ratio for
                  the
                  permissive aggregation group exceeds sixty percent
                  (60%).

              

      

       

      C. Top
        Heavy Ratio.

       

      
        	 	
                1.

              	
                If
                  the Employer maintains one (1) 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 (5) 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 (5) 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
                  (5)
                  year period ending on the determination 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.

              

      

       

      
        
           

        

        
          50

          
            

          

        

        
           

        

      

       

      
        	 	
                2.

              	
                If
                  the Employer maintains one (1) or more defined contribution plans
                  (including any simplified employee pension plan) and the Employer
                  maintains or has maintained one (1) or more defined benefit plans
                  which
                  during the five (5) year period ending on the determination date(s)
                  has or
                  has had any Accrued Benefits, the top heavy ratio for any required
                  or
                  permissive aggregation group as appropriate a fraction, the numerator
                  of
                  which is the sum of all account balances under the aggregated defined
                  contribution plan or plans for all Key Employees, determined in
                  accordance
                  with Paragraph 1 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 Paragraph 1
                  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 (5) year period ending on the
                  determination date.

              

      

       

      
        	 	
                3.

              	
                For
                  purposes of Paragraphs 1 and 2 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 twelve (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

              

      

       

      
        	 	
                (a)

              	
                Who
                  is not a Key Employee but who was a Key Employee in a prior year,
                  or

              

      

       

      
        	 	
                (b)

              	
                Who
                  has not been credited with at least one (1) Hour Of Service with
                  any
                  Employer maintaining the Plan at any
                  time during the five (5) year period ending on the determination
                  date will
                  be disregarded.

              

      

       

      
        
           

        

        
          51

          
            

          

        

        
           

        

      

       

      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.

       

      The
        Accrued Benefit of a Participant other than a k a Employee shall be determined
        under

       

      
        	 	
                (a)

              	
                The
                  method, if any, that uniformly applies for accrual purposes under
                  all
                  defined benefit plans maintained by the Employer;
                  or

              

      

       

      
        	 	
                (b)

              	
                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).

              

      

       

      
        	 	
                D.

              	
                ?Permissive
                  aggregation group.? The required aggregation group of plans plus
                  any other
                  plan or plans of the Employer which, when considered as a group
                  with the
                  required aggregation group, would continue to satisfy the requirements
                  of
                  Code sections 401(a)(4) and 410.

              

      

       

      
        	 	
                E.

              	
                ?Required
                  aggregation group.? A group consisting of (i) each qualified plan
                  of the
                  Employer in which at least one (1) key Employee participated at
                  any time
                  during the determination period (regardless of whether the plan
                  has
                  terminated), and (ii) any other qualified plan of the Employer
                  which
                  enables a plan described in (i) to meet the requirements of Code
                  sections
                  401(a)(4) or 410.

              

      

       

      
        	 	
                F.

              	
                ?Determination
                  date.? The date, for any Plan Year subsequent to the first Plan
                  Year,
                  which is the last day of the preceding Plan Year. For and in the
                  case of
                  the first year of the Plan, the determination date shall be the
                  last day
                  of that year.

              

      

       

      
        	 	
                G.

              	
                ?Non-Key
                  Employee.? Any Employee who is not a Key
                  Employee.

              

      

       

      
        
           

        

        
          52

          
            

          

        

        
           

        

      

      10.3 Accelerated
        Vesting.

       

      Unless
        the Plan provides for full and immediate vesting of Employer Accounts upon
        participation, then for any Plan Year in which this Plan is deemed to be
        a Top
        Heavy Plan, the vesting schedule contained in the Employer Account Vesting
        On
        Termination section of Article VI shall be modified as follows:

       

      
        	
                Total
                  Years for Vesting (excluding Years of Service prior to effective
                  date of
                  this Plan)

              	
                Vested
                  Percentage

              
	
                Less
                  than 2

              	
                0%

              
	
                2

              	
                20%

              
	
                3

              	
                40%

              
	
                4

              	
                60%

              
	
                5

              	
                80%

              
	
                6
                  or more

              	
                100%

              

      

      

      Should
        this Plan not be deemed to be a Top Heavy Plan after previously being so
        categorized, the vesting schedule contained in the Employer Account Vesting
        On
        Termination section of Article VI shall again be effective except that the
        vested percentage attained by Participants shall not be reduced thereby and
        Participants with three (3) or more Years of Service for Vesting shall have
        the
        right to select the vesting schedule under which their vested Accrued Benefit
        will be determined.

       

      10.4 Minimum
        Contributions.

       

      For
        any
        Plan Year in which this Plan is determined to be a Top Heavy Plan, either:
        (i) a
        minimum Employer contribution shall be made, pursuant to this Plan or another
        defined contribution plan maintained by the Employer, to the Account of each
        Non-Key Employee (except those who are separated from service with the Employer
        at the end of the Plan Year); or (ii) a minimum non-integrated benefit must
        be
        provided to each Non-Key Employee (except those who are separated from service
        with the Employer at the end of the Plan Year), pursuant to a defined benefit
        plan maintained by the Employer.

       

      For
        the
        purposes of the first sentence of this section, the minimum Employer
        contribution provided to each Non-Key Employee (except those who are separated
        from service with the Employer at the end of the Plan Year) shall be equal
        to
        three percent (3%) of such Non-Key Employee?s Compensation. If, however,
        the
        Employer contribution, under this and any

       

      
        
           

        

        
          53

          
            

          

        

        
           

        

      

      other
        defined contribution plan required to be included in the Top Heavy Group
        and
        maintained by the Employer, for any Key Employee for such Plan Year is less
        than
        three percent (3%) of such Key Employee?s total Compensation not in excess
        of
        Two Hundred Thousand Dollars ($200,000) (for Plan Years beginning before
        1989),
        then, the Employer contribution to each Participant (except those who are
        separated from service with the Employer at the end of the Plan Year) shall
        equal the amount which results from multiplying such Participant?s Compensation
        times the highest contribution rate of any Key Employee covered by the Plan
        and
        shall include amounts elected to be deferred by the Key Employee pursuant
        to an
        Code section 401(k) provision.

       

      For
        the
        purposes of the first sentence of this section, the minimum non- integrated
        benefit provided by the Employer to each Non .Key Employee (except those
        who are
        separated from service with the Employer at the end of the Plan Year) is
        an
        amount, which when expressed as an annual retirement benefit, shall be no
        less
        than two percent (2%) of such non-Key Employee?s average annual Compensation
        for
        his five (5) highest consecutive years of service, multiplied by the Employee?s
        years of service with the Employer, not to exceed ten (10) years. For the
        purposes of the preceding sentence, years of service with the Employer shall
        not
        include years of service completed during any Plan Year which begins before
        January 1, 1984, or years of service completed during a Plan Year for which
        the
        Plan is not a Top Heavy Plan. For the purposes of this section, the minimum
        benefit provided above shall be computed in the form of a single life annuity,
        with no ancillary benefits, beginning at Normal Retirement Age.

       

      Notwithstanding
        the other provisions of this Section, if the Employer maintains both this
        Plan
        and a defined benefit plan, for Employees covered under both plans the minimum
        Employer contribution or minimum non-integrated benefit for top heavy purposes
        shall be the minimum Employer contribution, as described above, increased
        to
        five percent (5%) (from three percent (3%)) of an Employee?s annual
        Compensation.

       

      For
        the
        purposes of this Article X, ?Compensation? shall have the same meaning as
        it
        does throughout the Plan; provided that it shall include such additional
        Compensation as is required to meet the requirements of Code section
        415(c)(3).

       

      The
        minimum allocation required pursuant to this section shall be made even though,
        under other Plan provisions, a Participant would not otherwise be entitled
        to
        receive an allocation, or would have received a lesser allocation for the
        year
        because of such participant?s failure to complete a Year of
        Service.

       

      
        
           

        

        
          54

          
            

          

        

        
           

        

      

      10.5 Limitation
        On Compensation Taken Into Account Under Plan.

       

      For
        any
        Plan Year prior to Plan Years beginning before January 1, 1989, in which
        this
        Plan is deemed to be a Top Heavy Plan the definition of Compensation contained
        in Article II shall exclude amounts in excess of One Hundred Fifty Thousand
        Dollars ($150,000).

       

      ARTICLE
        XI- AMENDMENT AND TERMINATION

       

      11.1 Rights
        To Suspend Or Terminate Plan.

       

      It
        is the
        present intention of the Employer to maintain this Plan throughout its corporate
        existence. Nevertheless, the Board reserves the right, at any time, to
        discontinue or terminate the Plan, to terminate the Employers liability to
        make
        further contributions to this Plan, to suspend contributions for a fixed
        or
        indeterminate period of time. In any event, the liability of the Employer
        to
        make contributions to this Plan shall automatically terminate upon its legal
        dissolution or termination, upon its adjudication as a bankrupt, upon the
        making
        of a general assignment for the benefit of creditors, or upon its merger
        or
        consolidation with any other corporation or corporations.

       

      11.2 Successor
        Corporation.

       

      In
        the
        event of the termination of the liability of the Employer to make further
        contributions to this Plan, the Employer?s liability may be assumed by any
        other
        corporation or organization which employs a substantial number of the
        Participants of this Plan. Such assumption of liability shall be expressed
        in an
        agreement between such other corporation or organization and the Trustees
        under
        which such other corporation or organization assumes the liabilities of this
        Trust with respect to the Participants employed by it.

       

      11.3 Amendment.

       

      To
        provide for contingencies which may require the clarification, modification,
        or
        amendment of this Plan, the Board reserves the right to amend this Plan at
        any
        time. The Board, however, shall not have the right to amend this Plan in
        any way
        which would deprive any Participant of the right to receive his Accrued Benefits
        under the Plan, or which would alter the basic purpose of the Plan, or which
        would give the Employer any rights in the Trust Fund.

       

      Each
        Participant having at least three (3) Years of Service for Vesting at the
        time
        of the adoption of any amendment changing any vesting schedule under
        the
        Plan shall have the right to elect at any time, but no later than sixty (60)
        days after the later of:

       

      
        
           

        

        
          55

          
            

          

        

        
           

        

      

       

      
        	 	
                A.

              	
                The
                  date the amendment is adopted;

              

      

       

      
        	 	
                B.

              	
                The
                  date on which the amendment is effective;
                  or

              

      

       

      
        	 	
                C.

              	
                The
                  date on which the Participant is given written notice the amendment,
                  to
                  have his vested percentage computed under the Plan without regard
                  to such
                  amendment.

              

      

       

      11.4 One
        Hundred Percent (100%) Vesting On Termination Of Plan.

       

      Upon
        termination or partial termination of the Plan and Trust by formal action
        of the
        Employer or for any other reason, or if Employer contributions to the Plan
        and
        Trust are permanently discontinued for any reason, each Participant directly
        affected by such action shall be one hundred percent (100%) vested in the
        amount
        allocated to the accounts of each such Participant, and payment to such
        Participant shall be made in cash as soon as practicable after liquidation
        of
        the assets of the Trust.

       

      11.5 Plan
        Merger Or Consolidation.

       

      In
        the
        case of any merger or consolidation with, or transfer of any assets or
        liabilities to, any other Plan, each Participant in this Plan must be entitled
        to receive (if the surviving Plan is then terminated) a benefit immediately
        after the merger, consolidation, or transfer which is equal to or greater
        than
        the benefit he would have been entitled to receive immediately before the
        merger, consolidation, or transfer (if this Plan had terminated).

       

      ARTICLE
        XII- MISCELLANEOUS

       

      12.1 Laws
        Of California To Apply.

       

      The
        Plan
        provisions of this document shall be construed according to the laws of the
        State of California, to the extent federal laws do not control. The situs
        of the
        Trust will be in the State of California. Its validity, construction, and
        all
        rights under the Plan and Trust shall be governed by ERISA and, to the extent
        not preempted, by the laws of California. If any provisions of the Agreement
        are
        invalid or unenforceable, the remaining provisions thereof shall continue
        to be
        fully effective.

       

      
        
           

        

        
          56

          
            

          

        

        
           

        

      

      12.2 Participant
        Cannot Transfer Or Assign Benefits.

       

      None
        of
        the benefits, payments, proceeds, claims, or rights of any Participant hereunder
        shall be subject to any claim of any creditor of the Participant, nor shall
        any
        Participant have any right to transfer, assign, encumber, or otherwise alienate,
        any of the benefits or proceeds which a Participant may expect to receive,
        contingently or otherwise under this Plan.

       

      Notwithstanding
        any other provisions of this section, the Trustees may make distributions
        pursuant to a qualified domestic relations order (as defined in Code section
        414(p)), provided that the Plan Administrator has properly notified the
        Participant and any alternate payee of the order and has determined that
        the
        order is a qualified domestic relations order. The Plan Administrator shall
        adopt reasonable procedures to determine the qualified status of such orders
        and
        to administer distributions thereunder. Notwithstanding any restrictions
        on the
        time of distribution which would otherwise apply under this Plan, distributions
        with respect to a qualified domestic relations order may be made at any time
        required by the order.

       

      12.3 Right
        To Perform Alternative Acts.

       

      In
        the
        event it becomes impossible for the Employer, the Administrative Committee
        or
        the Trustees to perform any act required by this Plan, then the Employer,
        the
        Administrative Committee or the Trustees may perform such alternative act
        which
        most clearly carries out the intent and purpose of this Plan.

       

      12.4 Reversion
        Of Contributions Under Certain Circumstances.

       

      If
        this
        Plan is not initially approved and qualified by the Internal Revenue Service
        as
        meeting the requirements of Code section 401 and Code section 501, the Employer
        may, at its election, either:

       

      
        	 	
                A.

              	
                Cause
                  the Trustees to return to the Employer any amounts previously contributed
                  by the Employer to the Trust and the Participants, if any amounts
                  have
                  been contributed by them, and immediately terminate the Plan;
                  or

              

      

       

      
        	 	
                B.

              	
                Effect
                  such amendments to the Plan as are necessary to obtain the approval
                  and
                  qualification of the Plan by the Internal Revenue
                  Service.

              

      

       

      
        
           

        

        
          57

          
            

          

        

        
           

        

      

      All
        contributions made pursuant to Article IV are conditioned on deductibility
        of
        such contributions under Code section 404. To the extent that the deduction
        under Code section 404 for any year is disallowed, the contribution shall
        be
        returned to the Employer within one (1) year after disallowance of the
        deduction.

       

      If
        a
        contribution is made by an Employer by a mistake of fact, the contribution
        may
        be returned to the Employer within one (1) year after the payment of the
        contribution.

       

      Notwithstanding
        the above, earnings attributable to amounts described in paragraphs two and
        three of this section shall not be returned to the Employer; losses attributable
        to such amounts shall reduce the amount returned

       

      12.5 Plan
        Administrator Agent For Service Of Process.

       

      The
        Administrative Committee is designated agent to receive service of legal
        process
        on behalf of the Plan.

       

      12.6 Filing
        Tax Returns And Reports.

       

      If
        the
        Trustees are not a corporate fiduciary, the Plan Administrator shall prepare,
        or
        cause to have prepared, all tax returns, reports, and related documents,
        except
        as otherwise specifically provided in this Plan or unless the Administrative
        Committee provides to the contrary in the manner prescribed in the Tax Returns
        And Reports section of Article VIII.

       

      12.7 Indemnification.

       

      The
        Employer agrees to indemnify all Employees who serve as members of the
        Administrative Committee or who serve as Trustee against all liability arising
        in connection with their duties under the Plan, except that this indemnification
        shall not include acts of embezzlement, or diversion of Trust Funds by the
        Employee, nor shall it include acts of gross negligence.

       

      The
        Employer shall indemnify and hold harmless the Trustees, its officers,
        Employees, agents, successors and assigns against all liabilities, demands,
        claims, actions, losses, taxes, expenses (including reasonable attorney?s
        fees),
        both direct and indirect, arising out of (1) acts or omissions to act with
        respect to the Plan by persons unrelated to the Trustees (unrelated persons),
        (2) the Trustee?s action or inaction with respect to the Plan resulting from
        reliance on the actions or inaction of unrelated persons, including directions
        to invest or otherwise deal with Plan assets, or (3) any violation by an
        unrelated persons of the provisions of ERISA or the regulations
        thereunder. The foregoing indemnity shall not apply if the actions or omissions
        of the Trustees result from the Trustees? willful misconduct or gross
        negligence.

       

      
        
           

        

        
          58

          
            

          

        

        
           

        

      

       

      12.8 Number
        And Gender.

       

      When
        appropriate the singular as used in this Plan shall include the plural and
        vice
        versa; and the masculine shall include the feminine.

       

      12.9 Military
        Service.

       

      This
        Plan
        section 12.9 is made effective as of December 12, 1994. Notwithstanding any
        provision of this Plan to the contrary, contributions, benefits and Service
        credit with respect to qualified military service will be provided in accordance
        with Code section 414(u). Therefore, as of the effective date of this Plan
        or
        such later date as may be applicable to this Plan under section 8(h)(2) of
        the
        Uniformed Services Employment Arid Reemployment Rights Act of 1994 (USERRA),
        an
        Employee, who was absent from the Employee?s position of employment by reason
        of
        service in the uniformed services and who is reemployed, as these terms are
        used
        in USERRA, shall be treated as not having incurred a break in service with
        the
        Employer maintaining the Plan by reason of such person?s period or periods
        of
        service in the uniformed services. Each period served by a person in the
        uniformed services shall, upon reemployment under USERRA, be deemed to
        constitute service with the Employer maintaining the Plan for the purpose
        of
        determining the nonforfeitability of the person?s Accrued Benefit and for
        the
        purpose of determining the accrual of benefits under the Plan, all to the
        extent
        required by and as provided under USERRA.

       

      12.10 Board
        Funding Authority.

       

      Except
        as
        otherwise specifically provided in this Plan and Trust document, the Board
        shall
        have the authority in their sole discretion to establish a Funding Policy
        for
        the Trust Fund, regarding existing Trust Fund assets, bearing in mind both
        the
        short-run and long-run needs and goals of the Plan. The Board shall review
        such
        policy prior to the end of each fiscal year for its appropriateness under
        the
        circumstances then prevailing. The Funding Policy shall be communicated to
        the
        Trustees(s) and the investment manager of the Trust Fund, if one has been
        appointed, so that the investment policy of existing Trust Fund assets can
        be
        coordinated with Plan needs. Such Funding Policy shall not, however, be binding
        on the Company or constitute a request or recommendation or an obligation
        to
        contribute cash or stock to the Plan by the Company.

       

      
        
           

        

        
          59

          
            

          

        

        
           

        

      

      ARTICLE
        XIII - EXEMPT LOANS

       

      13.1 Use
        Of
        Proceeds.

       

      The
        proceeds of an Exempt Loan must be used within a reasonable time after their
        receipt by the Plan only for any or all of the following purposes:

       

      
        
          	 	
                  A.

                	
                  To
                    acquire Qualifying Employer
                    Securities;

                

        

         

        
          	 	
                  B.

                	
                  To
                    repay such Exempt Loan;

                

        

         

        
          	 	
                  C.

                	
                  To
                    repay a prior Exempt Loan.

                

        

         

      

      If
        the
        proceeds of a loan are used to repay an Exempt Loan, the new loan must
        constitute an Exempt Loan.

       

      13.2 Interest
        Rate.

       

      The
        interest rate of any loan to the Plan, including an Exempt Loan, must not
        be in
        excess of a reasonable rate of interest. All other factors will be considered
        in
        determining a reasonable rate of interest, including the amount and duration
        of
        the loan, the security and guaranty (if any) involved, the credit standing
        of
        the Plan and the guarantor (if any), and the interest rate prevailing for
        comparable loans, including a variable interest rate if reasonable.

       

      13.3 Non-Recourse.

       

      An
        Exempt
        Loan must be without recourse against the Plan. The only assets of the Plan
        that
        may be given as collateral on an Exempt Loan are Qualifying Employer Securities
        which were either: (i) acquired with the proceeds of the Exempt Loan; or
        (ii)
        were used as collateral on a prior Exempt Loan repaid with the proceeds of
        the
        current Exempt Loan. No person entitled to payment under the Exempt Loan
        shall
        have any right to assets of the Plan other than:

       

      
        	 	
                A.

              	
                Collateral
                  given for the Exempt Loan;

              

      

       

      
        	 	
                B.

              	
                Contributions
                  (other than contributions of Qualifying Employer Securities) that
                  are made
                  under the Plan to meet the obligations of the Exempt Loan;
                  and

              

      

       

      
        	 	
                C.

              	
                Earnings
                  attributable to such collateral and the investment of such
                  contributions.

              

      

       

      
        
           

        

        
          60

          
            

          

        

        
           

        

      

      13.4 Limitations
        On Payments.

       

      Payments
        made with respect to an Exempt Loan by the Plan during a Plan Year must not
        exceed an amount equal to the sum of such contributions and earnings received
        during or prior to the Plan Year less such payments in prior Plan Years.
        Such
        contributions and earnings shall be accounted for separately by the Employer
        in
        the books of account of the Plan until the Exempt Loan is repaid.

       

      13.5 Forfeiture
        Of Qualifying Employer Securities.

       

      All
        Qualifying Employer Securities acquired with the proceeds of a loan from
        a
        ?disqualified person,? whether they are pledged as collateral for such loan
        or
        not, shall be held in a Suspense Account and shall be removed from such Account
        and be allocated to the Employer Accounts of Participants at the end of each
        Plan Year to the extent Article VIII provides for the release of encumbered
        securities. Income earned from securities held in suspense shall be deemed
        to be
        the income of the Plan and shall not be held in suspense unless such income
        has
        been pledged as collateral for the loan. Should a portion of a Participant?s
        Employer Account be forfeited, Qualifying Employer Securities held in suspense.
        for such Participant pursuant to this paragraph may only be forfeited after
        all
        other assets in the Participant?s Employer Account are forfeited. If interests
        in more than one class of Qualifying Employer Securities have been allocated
        to
        the Participant?s Employer Account, the Participant must be treated as
        forfeiting the same proportion of each such class of Qualifying Employer
        Securities.

       

      13.6 Limitation
        On Future Obligation.

       

      The
        Plan
        shall not obligate itself to acquire Qualifying Employer Securities from
        a
        particular security holder at an indefinite time determined upon the happening
        of an event such as the death of the security holder. However, this shall
        not
        prevent the Plan from providing for the issuance of options in accordance
        with
        Treasury Regulation sections 54.4975-7(b)(1O), (11), and (12).

       

      In
        the
        event of default upon an Exempt Loan, the value of Plan assets transferred
        in
        satisfaction of the Exempt Loan may not exceed the amount of default. If
        the
        lender is a disqualified person (as defined in Code section 4975(e)(2)),
        the
        Exempt Loan must provide for a transfer of Plan assets upon default only
        upon
        and to the extent of the failure of the Plan to meet the payment schedule
        of the
        Exempt Loan. For purposes of this section, the making of a guaranty does
        not
        make a person a lender.

       

      
      

      
        
           

        

        
          61

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