Document:

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                                                                    EXHIBIT 10.7

                           FIRST FEDERAL CAPITAL CORP.

                          EMPLOYEE STOCK OWNERSHIP PLAN

               (Reflects All Amendments Through December 31, 2001)

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<S>               <C>                                                                                         <C>
INTRODUCTION.....................................................................................................1

ARTICLE I             DEFINITIONS................................................................................1

         1.1      "Account"......................................................................................1

         1.2      "Administrative Board".........................................................................2

         1.3      "Affiliated Company"...........................................................................2

         1.4      "Beneficiary"..................................................................................2

         1.5      "Board of Directors"...........................................................................2

         1.6      "Code".........................................................................................2

         1.7      "Company"......................................................................................2

         1.8      "Compensation".................................................................................3

         1.9      "Employee".....................................................................................4

         1.10     "ERISA"........................................................................................4

         1.11     "Five-Percent Owner"...........................................................................4

         1.12     "Hour of Service"..............................................................................4

         1.13     "Leased Employee"..............................................................................6

         1.14     "Participant"..................................................................................6

         1.15     "Plan".........................................................................................6

         1.16     "Plan Year"....................................................................................6

         1.17     "Retirement Date"..............................................................................6

         1.18     "Sponsor"......................................................................................6

         1.19     "Total and Permanent Disability"...............................................................7

         1.20     "Trust Agreement"..............................................................................7

         1.21     "Trustee"......................................................................................7

         1.22     "Trust Fund"...................................................................................7

         1.23     "Valuation Date"...............................................................................7

         1.24     "Year of Service"..............................................................................7

         1.25     "One Year Break in Service"....................................................................8

ARTICLE II            ELIGIBILITY................................................................................8

ARTICLE III           CONTRIBUTIONS..............................................................................9

         3.1      Company Contributions..........................................................................9

         3.2      Form of Company Contributions..................................................................9

ARTICLE IV            ACCOUNTS AND ALLOCATIONS..................................................................10
</Table>

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<Table>
<S>               <C>                                                                                         <C>
         4.1      Separate Accounts for Participants............................................................10

         4.2      Allocations and Annual Adjustments to Participants' Accounts..................................10

         4.3      Elections Regarding Cash Dividends on Common Stock............................................11

         4.4      Voting of Company Common Stock................................................................11

         4.5      Diversification Option........................................................................12

         4.6      Benefit Limitations...........................................................................13

ARTICLE V             BENEFITS..................................................................................18

         5.1      Retirement Benefits...........................................................................18

         5.2      Disability Benefits...........................................................................18

         5.3      Death Benefits................................................................................18

         5.5      Form of Distributions.........................................................................23

         5.6      Timing of Distributions.......................................................................25

         5.7      Limitations on Distributions..................................................................26

         5.8      Amendments to Vesting Provisions of Plan......................................................27

THE TRUST FUND..................................................................................................33

         6.1      Contributions Held in Trust...................................................................33

         6.2      No Guarantee of Security Values...............................................................33

         6.3      Responsibility of Trustee.....................................................................33

         6.4      Expenses of the Plan..........................................................................34

         6.5      Exempt Loans..................................................................................34

ARTICLE VII           ADMINISTRATION OF THE PLAN................................................................37

         7.1      Administrative Board..........................................................................37

         7.2      Organization of Administrative Board..........................................................37

         7.3      Meetings of Administrative Board..............................................................37

         7.4      Powers and Duties of the Administrative Board.................................................38

         7.5      Claim Procedure...............................................................................40

         7.6      Limitation of Co-Fiduciary Liability..........................................................41

         7.7      Allocation and Delegation of Fiduciary Duties.................................................41

         7.8      Indemnification for Liability.................................................................42

ARTICLE VIII          AMENDMENT AND TERMINATION.................................................................42

         8.1      Right of Termination; Exclusive Benefit Rule..................................................42

         8.2      Vesting and Allocation of Assets on Termination of Plan.......................................43
</Table>

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<Table>
<S>               <C>                                                                                         <C>
         8.3      Right to Amend................................................................................43

         8.4      Merger, Consolidation, or Transfer of Assets..................................................44

ARTICLE IX            GENERAL...................................................................................44

         9.1      Forms.........................................................................................44

         9.2      Assignment....................................................................................44

         9.3      Payments to Incompetents......................................................................46

         9.4      Payments to Minors............................................................................46

         9.5      Inability to Locate Participants or Beneficiaries.............................................46

         9.6      Rights of Employees and Company...............................................................47

         9.7      Governing Laws................................................................................47

         9.8      Mistake of Fact...............................................................................47

         9.9      Headings as Matter of Convenience.............................................................48

         9.10     USERRA........................................................................................48

         9.11     Effective Dates...............................................................................48
</Table>

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                           FIRST FEDERAL CAPITAL CORP.
                          EMPLOYEE STOCK OWNERSHIP PLAN

                                  INTRODUCTION

         This First Federal Capital Corp. Employee Stock Ownership Plan (the
"Plan") was established by the Board of Directors of First Federal Capital
Corp., a Wisconsin corporation (the "Sponsor") effective as of November 9, 1989
to provide and encourage the beneficial ownership of common stock of the Sponsor
by eligible employees.

         The Plan is designed to invest primarily in common stock of the Sponsor
and is intended to be an "employee stock ownership plan" as defined in Section
4975(e)(7) of the Code.

         In order to update the Plan for compliance with subsequent federal
legislation and to make such other changes as are set forth herein, the Sponsor
hereby amends and restates the Plan in its entirety, as of the effective dates
specified in Section 9.11.

                                   ARTICLE I

                                  DEFINITIONS

         Whenever used herein, the following words and phrases shall have the
meanings hereinafter set forth unless a different meaning is required by the
context. The masculine pronoun shall mean or include the feminine and the
feminine pronoun shall mean or include the masculine whenever the context so
requires.

         1.1 "Account" shall mean the record maintained or caused to be
maintained by the Company for each Participant pursuant to Section 4.1 of the
Plan which, as of the applicable date, shall consist of the balance of
contributions made by the Company on his behalf to or under the Plan, adjusted
for the share of income or losses, expenses, and appreciation or depreciation
allocable to such contributions and by the amount of any payment, return, or
refund made to or by a Participant or Beneficiary on or before such applicable
date.

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         1.2 "Administrative Board" shall mean a group of not less than three
(3) members appointed by the Board of Directors with responsibilities and duties
as described in Article VII of the Plan.

         1.3 "Affiliated Company" shall mean (i) a member of a controlled group
of corporations of which the Company is a member or an unincorporated trade or
business which is under common control with the Company as determined in
accordance with Section 414(b) or (c) of the Code and regulations issued
thereunder, or (ii) an affiliated service group of which the Company is a
member, within the meaning of Section 414(m) of the Code. For purposes hereof, a
"controlled group of corporations" shall mean a controlled group of corporations
as defined in Section 1563(a) of the Code, determined without regard to
Sections 1563(a)(4) and (e)(3)(C) of the Code, except that, with respect to
the limitations set forth in Section 4.6 of the Plan, the phrase "more than 50
percent" shall be substituted for the phrase "at least 80 percent" whenever such
percentage appears in Section 1563(a)(1) of the Code.

         1.4 "Beneficiary" shall mean the person or persons designated by a
Participant on the form provided by the Company to receive any payment or
payments becoming due under the Plan on or after the Participant's death.

         1.5 "Board of Directors" shall mean the Board of Directors of the
Sponsor.

         1.6 "Code" shall mean the Internal Revenue Code of 1986, as amended. A
reference to any Section of the Code shall also be deemed to refer to any
successor statutory provision.

         1.7 "Company" shall mean First Federal Capital Corp., a Wisconsin
corporation, its subsidiary, First Federal Savings Bank La Crosse-Madison, a
federally-charted savings bank, and any other Affiliated Company which may, in
the future, adopt the Plan with the prior approval of

                                       2
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the Sponsor. For purposes of the Plan, the term "the Company" shall mean all of
the foregoing entities and the term "a Company" shall mean any one of the
foregoing entities.

         1.8 "Compensation" shall mean, for any Plan Year, the total of all
remuneration paid to a Participant by the Company during such Plan Year.
Compensation shall include all basic salary, overtime pay, commissions,
discretionary bonuses, incentive compensation, amounts contributed by the
Company on a Participant's behalf as salary reduction contributions to any
qualified retirement plans maintained by the Company containing cash or deferred
arrangements described in Section 401(k) of the Code and amounts contributed by
the Company to any plans maintained by the Company pursuant to Section 125,
132(f) and/or 403(b) of the Code.

         Compensation shall not include reimbursement for expenses or special
allowances. In addition, Compensation shall not include remuneration paid by the
Company to an Employee for any portions of the Plan Year during which he is not
a Participant. Compensation shall exclude any income or gains resulting from
transactions involving stock options of the Employer.

         In addition, for purposes of determining the Plan contributions for a
Plan Year and for purposes of applying the nondiscrimination rules under
Sections 401(a)(4), 401(a)(5), and 410(b)(2) of the Code, a Participant's
Compensation for any Plan Year shall not include any amounts in excess of One
Hundred Fifty Thousand Dollars ($150,000) or, effective January 1, 2002, Two
Hundred Thousand Dollars ($200,000), as adjusted for increases in the cost of
living pursuant to Section 401(a)(17) of the Code. Notwithstanding the
foregoing, compensation for Employees who were previously employed by American
Community Bank shall not include Compensation earned prior to November 1, 2001
(except for purposes of determining the top heavy minimum benefit under
Section 5.9(d) of the Plan).

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         1.9 "Employee" shall mean any person who is employed by the Company,
other than any person included in a unit of employees covered by a collective
bargaining agreement between employee representatives and the Company if
retirement benefits were the subject of good faith bargaining between such
employee representative and the Company unless such collective bargaining
agreement expressly provides for the inclusion of such persons as Participants
in the Plan. Leased Employees shall be considered Employees for purposes of the
Plan but shall not be eligible to participate in the Plan.

         1.10 "ERISA" shall mean the Employee Retirement Income Security Act of
1974, as amended. A reference to any Section of ERISA shall also be deemed to
refer to any successor statutory provision.

         1.11 "Five-Percent Owner" shall mean an individual who (i) owns (or is
considered as owning within the meaning of Section 318 of the Code) more than
five percent (5%) of the outstanding stock of a Company or an Affiliated Company
or stock possessing more than five percent (5%) of the total combined voting
power of all stock of a Company or an Affiliated Company provided such entity is
a corporation or (ii) owns more than five percent (5%) of the capital or profits
interest in a Company or an Affiliated Company if such entity is not a
corporation.

         1.12 "Hour of Service" --

                  (a) Hour of Service shall mean each hour for which an Employee
is or was directly or indirectly paid or entitled to payment by the Company or
an Affiliated Company

                           (i) for the performance of duties;

                           (ii) on account of a period of time during which no
duties are

                                       4

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performed (irrespective of whether the employment relationship has terminated)
due to vacation, holiday, illness, incapacity (including disability), layoff,
jury duty, military duty or leave of absence; or

                           (iii) for which back pay (irrespective of mitigation
of damages) is either awarded or agreed to by the Company or an Affiliated
Company; provided, however, that no hour shall be credited as an Hour of Service
under more than one of the preceding clauses.

         (b) Notwithstanding anything to the contrary in the foregoing:

                           (i) not more than five hundred and one (501) Hours of
Service shall be credited under Section 1.15(a)(ii) or (iii) of the Plan to an
Employee on account of any single continuous period during which the Employee
performs no duties;

                           (ii) an hour for which an Employee is directly or
indirectly paid or entitled to payment on account of a period during which no
duties are performed shall not be credited to such Employee if such payment is
made or due under a plan maintained solely for the purpose of complying with any
applicable worker's compensation, disability insurance or unemployment
compensation law; and

                           (iii) Hours of Service shall not be credited for a
payment which solely reimburses an Employee for medical or medically related
expenses incurred by the Employee.

         (c) In the event that the Company or an Affiliated Company does not
maintain records reflecting the number of hours for which an Employee is paid
for the reasons specified in (a)(ii) or (a)(iii), forty-five (45) Hours of
Service shall be credited for each week for which such Employee is credited with
at least one (1) Hour of Service.

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         (d) The rules set forth in Sections 2530.200b-2(b) and -2(c) of the
Department of Labor Regulations with respect to determining Hours of Service for
reasons other than the performance of duties and for crediting Hours of Service
to computation periods are hereby incorporated herein by reference.

         1.13 "Leased Employee" shall mean any individual who performs services
for the Company or an Affiliated Company in a capacity other than as a
common-law employee if (i) the services are provided pursuant to one or more
agreements between a Company or an Affiliated Company and one or more leasing
organizations, (ii) the individual has performed such services for the Company
or the Affiliated Company on a substantially full-time basis for a period of at
least one year and (iii) such services are performed under the primary direction
and control of the recipient. This paragraph shall be interpreted in accordance
with the provisions of Section 414(n) of the Code and the regulations
thereunder.

         1.14 "Participant" shall mean a person included in the Plan as a
Participant in accordance with Article II of the Plan. A Participant shall cease
to be a Participant on the first day of the month following distribution of the
entire amount credited to his Account as provided in Article V of the Plan.

         1.15 "Plan" shall mean the First Federal Capital Corporation Employee
Stock Ownership Plan, as set forth herein and as it may be amended from time to
time thereafter.

         1.16 "Plan Year" shall mean the twelve (12) consecutive month period
ending on December 31.

         1.17 "Retirement Date" shall mean the later of (1) the date on which
the Participant attains age sixty-five (65) or (ii) the date on which the
Participant completes five (5) Years of Service.

         1.18 "Sponsor" shall mean First Federal Capital Corp., a Wisconsin
corporation.

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         1.19 "Total and Permanent Disability" shall mean a disability which
meets the standard for eligibility for benefits under any long-term disability
plan maintained by the Company at the time the disability is incurred. If no
long term disability plan is then maintained by the Company, Total and Permanent
Disability shall mean a physical and/or mental incapacity which would entitle
the Participant to disability benefits under the federal Social Security
program. The Administrative Board's determination as to whether a Participant
has suffered a Total and Permanent Disability shall be binding upon the
Participant.

         1.20 "Trust Agreement" shall mean an agreement or agreements under
which one or more trustees accept the appointment by the Sponsor to hold assets
of the Plan in a trust and distribute assets held thereunder.

         1.21 "Trustee" shall mean a corporation which shall, pursuant to an
agreement of trust, accept the appointment by the sponsor to hold and distribute
assets held under the Plan and to execute any other duties enumerated in such
trust agreement.

         1.22 "Trust Fund" shall mean the Trust Fund described in Article VI of
the Plan.

         1.23 "Valuation Date" shall mean the last day of any quarter of the
Plan Year and any additional dates designated by the Administrative Board.

         1.24 "Year of Service" shall mean any Plan Year during which the
Participant is an Employee of the Employer and completes 1,000 or more Hours of
Service.

         Vesting service shall include service before the Effective Date of the
Plan; provided, however, that in determining the Years of Vesting Service the
Administrative Board may rely on the service records of the Employer or may
require each Employer to certify the number of Years of Vesting Service.

                                       7
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         1.25 "One Year Break in Service" shall mean a Plan Year during which an
Employee has less than 501 Hours of Service.

         If a Participant begins an absence for maternity or paternity reasons,
such Participant will be credited with up to 501 Hours of Service either in the
Plan Year such absence began or in the following Plan Year, whichever is
appropriate to prevent the occurrence of a One Year Break in Service. An absence
from work for maternity or paternity reasons means an absence due to (1) the
pregnancy of the Participant, (2) the birth of a child of the Participant, (3)
the placement of a child in connection with the adoption of the child by the
Participant, or (4) caring for such child immediately following the birth or
placement for adoption.

         Notwithstanding anything in this Plan to the contrary, a Year of
Service shall include all service with Rock Savings Bank and its affiliates and
with American Community Bank.

                                   ARTICLE II

                                   ELIGIBILITY

         Each Employee (other than a Leased Employee) shall become a Participant
on the earlier of (i) with respect to Employees who are regular full time
Employees or regular part time Employees, the first day of the month next
following 30 days after the Employee's date of hire and attainment of Age 18; or
(ii) the January 1 or July 1 immediately following the date the Employee
completes an Eligibility Year of Service and attains Age 18. Leased Employees
shall not be eligible to participate in the Plan

         Any Participant who is rehired after terminating employment shall begin
participation in the Plan effective as of his reemployment, provided he
otherwise meets the requirements of this Article.

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         Notwithstanding the foregoing, Employees who were previously employed
by American Community Bank shall begin participation on November 1, 2001 if they
would have been eligible on such date based on their service with American
Community Bank.

                                  ARTICLE III

                                 CONTRIBUTIONS

         3.1 Company Contributions. Each entity which has adopted this Plan
shall make contributions to the Plan in amounts and at times to be determined in
the sole discretion of the Board of Directors.

         3.2 Form of Company Contributions.

                  (a) All contributions made by an entity which has adopted this
Plan shall be in cash or in common stock of the Company or any combination
thereof; provided, however, that if a contribution is in cash, the Trustee shall
use such contribution to purchase common stock of the Company either from the
Company or from others, as soon as is practicable.

                  (b) If a Company contribution is made in common stock, the
value of the common stock for purposes of determining the amount of common stock
to be contributed, or the price of common stock which is purchased by the
Trustee from the Company, shall be the price quoted for the Company's common
stock on the National Association of Securities Dealers Automated Quotation
("NASDAQ") National Market System on the trading day of the contribution or, if
applicable, the closing price of the Company's common stock on the national
exchange on which such common stock is traded on the day of the contribution.

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<PAGE>

                                   ARTICLE IV

                            ACCOUNTS AND ALLOCATIONS

         4.1 Separate Accounts for Participants.

                  (a) A separate Account shall be created for each Participant.
Such Account shall be valued at least annually, or more frequently as determined
by the Company, based upon current market values furnished by the Trustee. Each
Participant shall be furnished with a statement, at least annually, setting
forth the value of his Account.

                  (b) Separate subaccounts shall be maintained reflecting the
common stock acquired with Company contributions.

         4.2 Allocations and Annual Adjustments to Participants' Accounts.

                  (a) Allocations to Participants' Accounts. Subject to the
provisions of Section 4.6(b) of the Plan, all common stock acquired through
Company contributions and (except as otherwise provided in Section 4.3 of the
Plan) all dividends thereon, shall be allocated, as of the close of each quarter
of the Plan Year for which the Company contribution was made, to the Account of
each Participant (i) who was an Employee on the last day of such quarter or
(ii) who terminated employment with the Company during such quarter due to
retirement (on or after his Retirement Date), Total and Permanent Disability,
or death. The amount of such common stock and such dividends thereon allocated
to each Participant's Account shall bear the same proportion to the total amount
of such common stock allocated with respect to such quarter as the amount of the
Compensation paid to such Participant while employed during the quarter bears to
the total compensation paid to all Participants who were entitled to receive an
allocation of such Company contributions during such quarter.

                  (b) Quarterly Adjustments to Participants' Accounts. Promptly
after preparation of the Trustee's evaluation, as provided in Section 6.3(b) of
the Plan, the Trustee shall adjust the Accounts of all Participants so that the
amount of net income, loss, appreciation or depreciation in the value of the
Trust Fund for the period (hereinafter referred to as the

                                       10
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"Evaluation Period") from the last previous evaluation to the date of such
evaluation shall be credited to or charged against the Participants' Accounts in
the ratio that (i) the balance in the Account of each Participant as of the
first day of such Evaluation Period minus the amount distributed to such
Participant during such Evaluation Period bears to (ii) the balance in all such
Participants' Accounts as of the first day of such Evaluation Period minus the
total amounts distributed to all Participants during such Evaluation Period.

         4.3 Elections Regarding Cash Dividends on Common Stock. In respect of
any Plan Year, the Administrative Board shall have the authority to provide
Participants who have attained a fully vested status under the Plan (in
accordance with the provisions of Section 5.4 of the Plan) with the opportunity
to make an annual irrevocable election, prior to the beginning of such Plan
Year, to have cash dividends on the common stock allocated to his Account paid
to him currently. Cash dividends on shares in respect of which no cash
distribution election is made shall be used to purchase shares of the common
stock of the Company.

         4.4 Voting of Company Common Stock.

                  (a) Common stock of the Company held by the Trustee on behalf
of Participants shall be voted by the Trustee at each annual meeting and at each
special meeting of the stockholders of the Company as directed by the
Participants to whose Accounts such stock is credited. Fractional shares may be
combined and voted by the Trustee to the extent possible to reflect the
instructions of Participants credited with such shares. The Trustee shall vote
unallocated shares of stock in the manner which it determines to be in the best
interests of Plan Participants taking into account all facts and circumstances.

                  (b) As to allocated shares of stock, the Company shall cause
each Participant to be provided with a copy of a notice of each such stockholder
meeting and the proxy statement

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of the Company, together with an appropriate form for the Participant to
indicate his voting instructions. If instructions are not received by the
Trustee with respect to any allocated shares of stock within three (3) business
days of such stockholder meeting, the Trustee shall vote the uninstructed
allocated stock in the same proportions as the Trustee was instructed to vote
with respect to the allocated shares for which it received instructions. Each
Participant shall also be given similar rights to direct the Trustee as to the
sale of securities pursuant to a tender offer and the exercise of any conversion
privileges, subscription rights or other similar rights arising with respect to
common stock of the Company credited to his Account. The Trustee shall hold
confidential any and all voting or other instructions received from
Participants.

         4.5 Diversification Option. Any Participant who has attained age
fifty-five (55) and has ten (10) years of participation in the Plan shall be
eligible to elect to have a portion of his Account treated in accordance with
the following provisions:

                  (a) For the six (6) Plan Years immediately following the Plan
Year in which the Participant first satisfies the age and participation
requirements set forth above (the "Diversification Period"), the Participant may
elect to have an amount equal to his Eligible Amount treated in accordance with
the provisions of Section 4.5(c) of the Plan. Such election may be made during
the first ninety (90) days of the Plan Year (the "Election Period") and shall be
made in writing on forms provided by the Company.

                  (b) For purposes of this Section 4.5, the term "Eligible
Amount" shall mean, in the first five (5) years of the Diversification Period,
an amount equal to twenty-five percent (25%) of the value of a Participant's
Account, to the extent such portion exceeds the amount which the Participant had
previously elected to have treated under this Section 4.5. In the sixth year of
the Diversification Period, the Eligible Amount shall be computed by
substituting "fifty

                                       12
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percent (50%)" for "twenty-five percent (25%)" in the preceding sentence. For
purposes of determining the Eligible Amount, the Participant's Account shall be
deemed to include any amounts previously transferred to another qualified
retirement plan or distributed to the Participant pursuant to
Sections 4.5(c)(ii) and (iii) of the Plan.

                  (c) The amount elected by the Participant pursuant to
Section 4.5(a) of the Plan for diversification shall, at the option of the
Company, either:

                           (i) be invested in an investment option selected by
the Participant from among at least three (3) investment options made available
by the Trustee (which options shall be consistent with regulations issued by the
Secretary of the Treasury) within ninety (90) days after the expiration of the
Election Period,

                           (ii) be transferred, within ninety (90) days after
the expiration of the Election Period, to another qualified retirement plan
maintained by the Company (if any) which provides for participant-directed
accounts and provides at least three (3) investment options, or

                           (iii) be distributed directly to such Participant
within ninety (90) days after the expiration of the Election Period. Where the
value of the Participant's Account exceeds Five Thousand Dollars ($5,000), any
distribution under this Section 4.5(c)(iii) shall be made only with the consent
of the Participant, provided, however, that if the Participant fails to consent
to such distribution, the Plan's obligations pursuant to this Section 4.5 shall
be deemed fully satisfied.

         4.6 Benefit Limitations.

                  (a) Notwithstanding anything contained herein to the contrary,
the annual additions made to the Participant's Account for any Limitation Year
(which shall be the Plan Year), together with the annual additions on behalf of
the Participant under any other Defined

                                       13
<PAGE>

Contribution Plan of the Company during the Limitation Year shall not exceed the
lesser of (i) Thirty Thousand Dollars ($30,000) as adjusted pursuant to
Section 415(d) of the Code or (ii) twenty-five percent (25%) of the
Participant's Limitation Year Compensation for such Limitation Year.

         Except as provided below, annual additions shall include all Company
contributions and forfeitures allocated to a Participant's account under the
Plan and any other Defined Contribution Plan of the Company plus all employee
contributions to any other Defined Contribution Plan(s), excluding any rollover
contributions, repayment or restoration of contributions or similar allocations
under any other Defined Contribution Plan(s) of the Company.

         Annual additions shall not, however, include (i) any forfeitures of
common stock of the Company allocated to a Participant's Account if such stock
was acquired with the proceeds of an exempt loan (described in Section 6.5 of
the Plan) or (ii) Company contributions deductible under Section 404(a)(9)(B)
of the Code and charged against the Participant's Account.

         Company contributions made to a Participant's Account because of an
erroneous forfeiture in a prior Limitation Year or an erroneous failure to
allocate amounts in a prior Limitation Year shall not be considered an annual
addition with respect to the Participant for the Limitation Year in which made
but shall be considered an annual addition for the Limitation Year to which they
relate. If the amount so contributed in the particular Limitation Year takes
into account actual investment gains attributable to the period subsequent to
the year to which the contribution relates, the portion of the total
contribution which consists of such gains shall not be considered as an annual
addition for any Limitation Year.

         (b) If, as a result of the allocation of forfeitures, a reasonable
error in estimating a Participant's Compensation or under such other limited
facts and circumstances as

                                       14
<PAGE>

the Commissioner of the Internal Revenue Service may prescribe, a Participant's
annual additions would exceed the limitations of Section 4.6(a) of the Plan,
reductions in annual additions under any other Defined Contribution Plan(s) of
the Company shall be made before reductions in annual additions under the Plan.
Any Company contributions which cannot be allocated to a Participant's Account
by reason of the limitations of this Section 4.6 shall be allocated to the
Accounts to other Participants in accordance with Section 4.2 of the Plan until
the maximum limitations under this Section 4.6 are reached for all Participants.
Any stock which cannot be allocated to Participants' Accounts in a Plan Year
shall be held in an unallocated suspense account (with income earned thereon)
until the Plan Year in which it is first possible to allocate such stock to
Participants' Accounts in accordance with this Section 4.6.

         (c) If a Participant has at any time been a participant in any Defined
Benefit Plan maintained by the Company, then for any Limitation Year beginning
prior to January 1, 2000, the sum of the Participant's Defined Benefit Plan
Fraction and his Defined Contribution Plan Fraction for such Limitation Year
shall not exceed one (1.0). If the maximum limitation of this Section 4.6(c) is
exceeded and annual additions on behalf of a Participant must be reduced, such
reduction shall be accomplished in the manner described in Section 4.6(b) of the
Plan and in any other Defined Contribution Plan of the Company.

         (d) For purposes of this Section 4.6, the following definitions apply:

                  (1) "Defined Contribution Plan" and "Defined Benefit Plan"
shall have the meanings set forth in Section 415(k) of the Code and the
regulations thereunder.

                  (2) "Defined Benefit Plan Fraction" for any Limitation Year
shall mean a fraction:

                                       15
<PAGE>

                           (i) the numerator of which is the projected annual
benefit of a Participant (the annual benefit to which such Participant would be
entitled under the terms of the Defined Benefit Plan on the assumptions that he
continues employment until his normal retirement age as determined under the
terms of such Defined Benefit Plan, or current age, if older, that his
compensation continues at the same rate as in effect in the Limitation Year
under consideration until the date of his normal retirement date, or current
age, if older, and that all other relevant factors used to determined benefits
under such Defined Benefit Plan remain constant as of the current Limitation
Year for all future Limitation Years) under all Defined Benefit Plans ever
maintained by the Company, determined as of the-close of the Limitation Year,
and

                           (ii) the denominator of which is the lesser of:

                                    (A) the product of one and twenty-five
one-hundredths (1.25) multiplied by the dollar limitation in effect for such
Limitation Year under Section 415(b)(1)(A) of the Code, or

                                    (B) the product of one and four tenths (1.4)
multiplied by the amount which may be taken into account under the percentage of
Limitation Year Compensation limitation in effect for such Limitation Year under
Section 415(b)(1)(B) of the Code with respect to the Participant under such
plans for such Limitation Year.

                  (3) "Defined Contribution Plan Fraction" shall mean a
fraction:

                           (i) the numerator of which is the sum of the annual
additions to the Participant's accounts as of the close of the Limitation Year
and all Prior Limitation Years under all Defined Contribution Plans ever
maintained by the Company, and

                                       16
<PAGE>

                           (ii) the denominator of which is the sum of the
lesser of the following amounts determined for such Limitation Year and for each
prior Limitation Year included in the Participant's service with the Company:

                                    (A) the product of one and twenty-five one
hundredths (1.25) multiplied by the dollar limitation in effect for such
Limitation Year under Section 415(c)(1)(A) of the Code (determined without
regard to Section 415(c)(6) of the Code) or

                                    (B) the product of one and four tenths (1.4)
multiplied by the amount which may be taken into account under the percentage of
Limitation Year Compensation limitation in effect for such Limitation Year under
Section 415(c)(1)(B) of the Code with respect to the Participant under such
plan for the Limitation Year.

                  (4) "Limitation Year" shall mean the twelve (12)-consecutive
month period beginning on January 1 and ending on December 31.

                  (5) "Limitation Year Compensation" shall mean the aggregate of
all wages, salaries and other amounts paid for personal services actually
rendered which are received by an Employee from the Company and all Affiliated
Companies within a Limitation Year, to the extent that such amounts are
includable in his gross income plus any elective deferrals (as defined in
Section 402(g) of the Code) and any amount contributed or deferred at the
election of the Employee which is not includable in the gross income of the
Employee by reason of Section 125, 132(f)(4) or 457 of the Code. Limitation Year
Compensation shall not include deferred compensation, stock options and other
distributions which receive special tax benefit. Limitation Year Compensation
shall be determined in accordance with the provisions of Section 415(c)(3) of
the Code and the regulations issued thereunder.

                                       17
<PAGE>

                                   ARTICLE V

                                    BENEFITS

         5.1 Retirement Benefits. A Participant shall have a fully vested right
to his Account upon retirement after reaching his Retirement Date. Benefits to
such Participant shall be paid in the time and manner specified in Sections 5.5,
5.6 and 5.7 of the Plan.

         5.2 Disability Benefits. A Participant who incurs a Total and Permanent
Disability while employed by the Company shall become fully vested in his
Account upon becoming disabled. Benefits to such Participant shall be paid in
the time and manner specified in Sections 5.5, 5.6 and 5.7 of the Plan.

         5.3 Death Benefits. Upon the death of a Participant while employed by
the Company, his Account shall fully vest, and the total amount of his Account
shall be payable to his designated Beneficiary. Upon the death of a Participant
whose employment with the Company has terminated, but who has not received his
benefits under the Plan, the vested portion of his Account (determined under
Section 5.4 of the Plan) shall be payable to his designated Beneficiary. Payment
of such benefits shall be made in accordance with Sections 5.5, 5.6 and 5.7 of
the Plan.

                  (a) Notwithstanding the designation of any other Beneficiary,
the nonforfeitable accrued benefit of a Participant who dies before beginning to
receive benefits under the Plan shall be paid, in full, to his surviving spouse,
if the Participant has been legally married to such spouse for at least one year
prior to the Participant's death,

                           (1) unless the surviving spouse consents in writing
to the designation of another Beneficiary, and such consent is witnessed by the
Administrative Board or its designee or a notary public, or

                                       18
<PAGE>

                           (2) unless it is established to the satisfaction of
the Administrative Board or its designee that the required consent may not be
obtained because there is no spouse, because the spouse may not be located, or
because of such other circumstances as the Secretary of the Treasury may
prescribe by regulation;

                  (b) A designation of Beneficiary may, without notice to the
Beneficiary, be changed or revoked by the Participant at any time, provided,
however, that, with respect to a married Participant, a designation of a
Beneficiary to which the Participant's spouse consented pursuant to
Section 5.3(a)(1) of the Plan may be revoked, but a new Beneficiary may not be
designated unless either (i) the Participant's spouse consents to the
designation of a new Beneficiary (under the procedure set forth in
Section 5.3(a) of the Plan) or (ii) the spouse's original consent expressly
allowed such designation to be changed without the spouse's consent. The
designation of any Beneficiary and any change or revocation thereof shall be
made in writing on forms provided by the Company and shall not be effective
unless and until filed with the Company. If a Participant fails to designate
a Beneficiary under this Plan or if no designated Beneficiary survives the
Participant, any amount payable upon the death of a Participant shall be paid
to the Participant's estate.

         5.4 Benefits Upon Severance from Service.

                  (a) Vested Benefit. A Participant who terminates employment
prior to his Retirement Date for reasons other an death or Total and Permanent
Disability shall be entitled to receive the vested portion of his Account, based
on his Years of Service as of his termination of employment and determined in
accordance with the following table:

                                       19
<PAGE>

<Table>
<Caption>

                   Years of Service                                     Percentage Vested
                   ----------------                                     -----------------
<S>                                                                     <C>
                 Less than 1 full year                                        None
                     1 full years                                              20%
                     2 full years                                              40%
                     3 full years                                              60%
                     4 full years                                              80%
                 5 full years or more                                         100%
</Table>

         Such benefits shall be paid in accordance with Sections 5.5, 5.6 and
5.7 of the Plan.

                  (b) Determination of Years of Service. In determining Years of
Service for purposes of this Section 5.4, all Years of Service shall be taken
into account, except that with respect to a Participant who is reemployed after
termination employment, the following Years of Service may be disregarded:

                           (i) Years of Service occurring prior to a One Year
Break in Service shall not be taken into account until the Participant has
completed a Year of Service after such One Year Break in Service.

                           (ii) In the case of any Participant who has no vested
interest in his Account at his termination if employment, Years of Service
occurring before a Break in Service shall not be taken into account if the
number of consecutive One Year Breaks in Service exceeds the greater of (A) five
(5) or (B) the Participant's Years of Service before such consecutive One Year
Break in Service.

                           (iii) Once a Participant has incurred five (5)
consecutive One Year Breaks in Service, Years of Service occurring after such
five (5) consecutive One Year Breaks in Service shall not be counted in
determining the Participant's vested interest in the amount in his Account prior
to such five (5) consecutive One Year Breaks in Service.

                                       20
<PAGE>

                  (c) Forfeiture of Non-Vested Amount. Subject to the provisions
of Section 5.4(d) of the Plan, the excess of (i) the amount in the Account of a
Participant whose termination of employment has occurred over (ii) the amount
vested in accordance with the vesting schedule set forth in Section 5.4(a) of
the Plan (hereinafter the "non-vested amount") shall be forfeited on the last
day of the Plan Year during which the Participant incurs five (5) consecutive
One Year Breaks in Service provided, however, that if the Participant is rehired
and performs an Hour of Service before he incurs Five (5) consecutive One Year
Breaks in Service, (i) the forfeited amount shall be recredited to the
Participant's Account, and (ii) the Participant shall continue to earn future
Years of Service for purposes of determining the vested amount in his Account
without regard to his cessation of employment.

         Subject to the immediately preceding paragraph, any amounts forfeited
pursuant to this Section 5.4(c) shall be allocated among the Accounts of the
other Participants in the Plan during the Plan Year within which such
forfeitures occur, in the same manner as Company contributions for such Plan
Year are allocated under Article IV of the Plan.

                  (d) Distribution Prior to Full Vesting.In the event that a
distribution is made pursuant to Section 5.4(a) of the Plan to a Participant
who, at the time of such distribution, is not one hundred percent (100%) vested
in his Account, the following rules shall apply:

                           (i) When the total vested amount, not exceeding the
Five Thousand Dollars ($5,000), in the Participant's Account is distributed to
such Participant in a lump-sum following such Participant's termination of
employment pursuant to the terms of Section 5.6(b) of the Plan, the non-vested
amount in the Participant's Account shall be forfeited upon the date of such
distribution.

                                       21
<PAGE>

                           (ii) When the total vested portion of the
participant's Account, which vested portion exceeds Five Thousand Dollars
($5,000), is distributed to such Participant following such Participant's
termination of employment pursuant to the Participant's voluntary election to
receive such distribution, the non-vested amount in the Participant's Account
shall be forfeited upon the date of such distribution.

                           (iii) If a Participant who has received a
distribution pursuant to Section 5.4(d)(i) or (ii) of the Plan is rehired and
performs an Hour of Service before he incurs five (5) consecutive One Year
Breaks in Service and such Participant repays the amount of his previous
distribution within five (5) years of the date he is rehired, the forfeited
amount shall be re-credited to such Participant's Account and the Participant
shall continue to earn future Years of Service for purposes of determining the
vested amount in his Account without regard to his cessation of employment.

                           (iv) The amount required to be re-credited pursuant
to Subparagraph (iii) above shall in no event be less than the non-vested amount
in the Participant's Account at the time of the forfeiture, unadjusted by
subsequent gains or losses.

                           (v) The funds needed to re-credit such Participant's
Account shall be drawn first from any amounts forfeited by Participants employed
by the Company during the year such re-crediting is required. If such
forfeitures are not sufficient to fully restore the forfeited amount to the
Participant's Account, the Company shall make a special contribution earmarked
to fund the remainder of the amount needed.

                           (vi) Subject to Section 5.4(d)(v) of the Plan, any
amounts forfeited pursuant to this Section 5.4(d) shall be allocated among the
Accounts of the other Participants in

                                       22
<PAGE>

the Plan during the plan Year within which such forfeitures occur, in the same
manner as Company contributions for such Plan Year are allocated under Article
IV of the Plan.

         5.5 Form of Distributions.

                  (a) In General. Distributions shall be made in whole shares of
Company common stock or, at the election of the Participant, in cash. The value
of any fractional shares of Company common stock shall be distributed in cash.
The above-referenced right to receive distributions in the form of shares of
Company common stock shall be automatically terminated in the event of the sale
or other disposition by the Trustee of all shares of Company common stock held
by the Trust.

         Unless the Participant elects otherwise, his benefits under the Plan
shall be paid in substantially equal periodic payments (not less frequently than
annually) over a period not longer than five (5) years

                  (b) Eligible Rollover Distributions. Notwithstanding any
provision of the Plan to the contrary that would otherwise limit a Distributee's
election under this Section 5.5(b), with respect to all distributions made from
the Plan on and after January 1, 1993, a Distributee may elect, at the time and
in the manner prescribed by the Administrative Board, to have all or any portion
of an Eligible Rollover Distribution paid in a Direct Rollover to an Eligible
Retirement Plan specified by the Distributee.

         As used in this Section 5.5(b), the following terms shall have the
following meanings:

                           (i) "Eligible Rollover Distribution" shall mean any
distribution of all or any portion of the balance to the credit of a Distributee
under the Plan, except that the term "Eligible Rollover Distribution" shall not
include any distribution that is one of a series of substantially equal periodic
payments (not less frequently than annually) made for the life (or life

                                       23
<PAGE>

expectancy) of the Distributee or the joint lives (or joint life expectancies)
of the Distributee and the Distributee's designated beneficiary, any
distribution that is one of a series of substantially equal periodic payments
(not less frequently than annually) made for a specified period of ten (10)
years or more, any distribution to the extent such distribution is required
under Section 401(a)(9) of the Code, the portion of any distribution that is
not includible in gross income (determined without regard to the exclusion for
net unrealized appreciation with respect to employer securities) and any
hardship distribution described in Code Section 401(k)(2)(B)(i)(iv) made after
December 31, 1999.

                           (ii) "Eligible Retirement Plan" shall mean an
individual retirement account described in Section 408(a) of the Code, an
individual retirement annuity described in Section 408(b) of the Code, an
annuity plan described in Section 403(a) of the Code or a qualified trust
described in Section 401(a) of the Code, that accepts the Distributee's Eligible
Rollover Distribution. In the case of an Eligible Rollover Distribution made to
the surviving spouse of an Employee or former Employee, the term " Eligible
Retirement Plan" shall mean an individual retirement account described in
Section 408(a) of the Code or an individual retirement annuity described in
Section 408(b) of the Code.

                           (iii) "Distributee" shall mean an Employee or former
Employee. In addition, the term "Distributee" shall mean the surviving spouse of
an Employee or former Employee, or the spouse or former spouse of an Employee or
former Employee who is an alternate payee under a qualified domestic relations
order (as defined in Section 414(p) of the Code), with regard to the interest of
such surviving spouse, spouse or former spouse under the Plan.

                                       24
<PAGE>

                           (iv) "Direct Rollover" shall mean a payment by the
Plan to the Eligible Retirement Plan specified by the Distributee.

         5.6 Timing of Distributions.

                  (a) In General. Distribution of the vested portion of
Participant's Account may begin at such time prior to the date specified in
Section 5.6(c) of the Plan as the Administrative Board may determine, provided,
however, that unless the Participant elects otherwise, the distribution of his
benefits under the Plan shall begin no later than one (1) year after the close
of (i) the Plan Year in which the Participant's employment terminates by reason
of retirement on or after his Retirement Date, or by reason of his death or
Total and Permanent Disability or (ii) one (1) year after the close of the fifth
(5th) Plan Year following the Plan Year in which the Participant otherwise
terminates employment unless the Participant is reemployed by the Company before
distribution is required to begin under this clause (ii). The foregoing
requirement shall not, however, require distribution of any portion of a
Participant's Account which consists of Company stock acquired with the proceeds
of an exempt loan (described in Section 6.5 of the Plan) prior to the close of
the Plan Year in which such loan is repaid in full.

                  (b) Participant Consent to Certain Distributions.
Notwithstanding the foregoing, if the value of the vested portion of a
Participant's Account exceeds Five Thousand Dollars ($5,000) or exceeded Five
Thousand Dollars ($5,000) at the time of any prior distribution from the Plan,
no distribution may be made to the Participant prior to the Participant's
Retirement Date, unless the Participant consents in writing to an earlier
distribution. Where the vested portion of a deceased Participant's Account
exceeds Five Thousand Dollars ($5,000) or exceeded Five Thousand Dollars
($5,000) at the time of any prior distribution from the Plan, any distribution
due to the Participant's surviving spouse under Section 5.3 of the Plan

                                       25
<PAGE>

may not be made prior to the date on which the Participant would have reached
his Retirement Date, unless the spouse consents in writing to an earlier
distribution. If the vested portion of the Participant's Account does not exceed
Five Thousand Dollars ($5,000) and did not exceed Five Thousand Dollars ($5,000)
at the time of any prior distribution from the Plan, the full amount of the
vested portion of such Account shall be distributed in a lump sum as soon as
administratively feasible following the Participant's termination of employment.

                  (c) Latest Distribution Date. Unless a Participant elects
otherwise, in no event shall distributions commence later than the sixtieth
(60th) day following the close of the Plan Year in which the latest of the
following events occur:

                           (i) the Participant reaches his Retirement Date;

                           (ii) the tenth (10th) anniversary of the date on
which the Participant commenced participation in the Plan; or

                           (iii) the Participant's employment with the Company
terminates.

         5.7 Limitations on Distributions.

                  (a) Notwithstanding anything contained herein to the contrary
and in accordance with the provisions of Section 401(a)(9) of the Code,
distribution of retirement benefits shall begin no later than April 1 of the
calendar year following the calendar year in which a Participant attains age
seventy and one-half (70-1/2), provided, however, distribution to a Participant
who was not a Five-Percent Owner at any time during the five (5) Plan-Year
period ending in the calendar year in which the Participant attained age seventy
and one-half (70-1/2) need not begin until the Participant actually retires.

                  (b) All benefit distributions must be paid over a period of
time which does not exceed the life expectancy of the Participant or the
combined life expectancy of the Participant

                                       26

<PAGE>

and his designated Beneficiary. In the event a Participant dies after
distribution of his benefits has begun, but before the Participant's full
benefits have been distributed, the remaining portion of such benefits shall be
distributed at least as rapidly as under the method of distribution being used
as of the date of his death. In the event a Participant dies prior to
commencement of the receipt of benefits, the death benefits attributable to such
deceased Participant shall be distributed within five (5) years of the
Participant's death, provided, however, that any portion of the death benefits
which is payable to (or for the benefit of) a designated Beneficiary may be
distributed, commencing within one (1) year of the Participant's death, over the
life of such designated Beneficiary (or over a period not extending beyond the
life of such designated Beneficiary) and further provided that if the designated
Beneficiary is the Participant's surviving spouse, distribution need not begin
earlier than the date on which the Participant would have attained age seventy
and one-half (70-1/2). For purposes of this paragraph, the term "designated
Beneficiary" means any individual designated as a Beneficiary by the
Participant.

         5.8 Amendments to Vesting Provisions of Plan. Anything to the contrary
in the Plan notwithstanding, the vesting provisions of the Plan shall not be
amended so as to result in the nonforfeitable percentage of the accrued benefit
of any Participant, determined as of the later of the date of adoption or
effectiveness of such amendment, being less than his nonforfeitable percentage
computed under the Plan without regard to such amendment. If an amendment to the
Plan changes any vesting schedule hereunder, each Participant having at least
three (3) Years of Service will be permitted to elect, within a reasonable
period after the adoption of such amendment, to have the nonforfeitable
percentage of his benefits accrued under the Plan computed without regard to
such amendment, unless such Participant's nonforfeitable percentage

                                       27
<PAGE>

under the Plan, as amended, at any time cannot be less than such percentage
computed without regard to such amendment.

         5.9 Top-Heavy Contingency.

                  (a) Application. The provisions of this Section 5.9 are
included in the Plan pursuant to Section 401(a)(10)(B)(ii) of the Code and
shall become applicable only if the Plan becomes a Top-Heavy Plan (as defined
below) under Section 416(g) of the Code for any Plan Year.

                  (b) Determination of Top-Heavy Status of Plan. The
determination as to whether the Plan has become a Top-Heavy Plan for any Plan
Year shall be made as of the last day of the immediately preceding Plan Year or,
in the case of the first Plan Year, the last day of such Plan Year (the
"Determination Date"), and the Plan shall be a "Top-Heavy Plan" only if the
aggregate Account balances under the Plan for Key Employees (as defined below)
exceeds sixty percent (60%) of the aggregate Account balances under the Plan for
all Employees and former Employees. For this purpose, the aggregate Account
balances shall be computed and adjusted pursuant to Section 416(g) of the Code
and the regulations issued thereunder.

         As used herein, the term "Key Employee" shall mean any Employee or
former Employee who, at any time during the current Plan Year or any of the four
(4) preceding Plan Years, meets the criteria under Section 416(i)(1) of the
Code. A Key Employee shall include the following:

                           (i) an officer of a Company or an Affiliated Company
if such individual's annual compensation from the Company and all Affiliated
Companies exceeds fifty percent (50%) of the dollar limitation then in effect
under Section 415(b)(1)(A) of the Code;

                           (ii) an actual or constructive owner (using the
attribution rules of Section 318 of the Code) of both more than a one-half of
one percent (1/2%) interest in the total

                                       28
<PAGE>

ownership value of, and of one of the ten (10) largest percentage ownership
interests in value in, a Company or an Affiliated Company if such individual's
compensation from the Company and all Affiliated Companies exceeds one hundred
percent (100%) of the dollar limitation then in effect under
Section 415(c)(1)(A) of the Code;

                           (iii) a Five-Percent Owner;

                           (iv) a "one-percent owner" (as defined in
Section 416(i)(1)(B)(ii) of the Code) of a Company or an Affiliated Company who
has annual compensation from the Company and all Affiliated Companies of more
than One Hundred Fifty Thousand Dollars ($150,000); or

                           (v) Beneficiary of any deceased Employee or former
Employee described in clause (i), (ii), (iii) or (iv) above. In the event the
Beneficiary of a deceased Employee or former Employee qualifies as a Key
Employee, any benefits payable to such Beneficiary shall be treated as benefits
paid to a Key Employee.

         For purposes of clauses (i), (ii) and (iv) above, the term
"compensation" shall mean compensation as defined in Section 414(q)(7) of the
Code. For purposes of clause (i) above, no more than fifty (50) employees (or,
if lesser, the greater of three (3) employees or ten percent (10%) of all
employees) shall be treated as officers.

         The term "Non-Key Employee" shall mean any Employee or former Employee
who is not currently a Key Employee. The term "Non-Key Employee" shall include
former Key Employees, but such former Key Employees shall be excluded entirely
from the calculations to determine whether the Plan is a Top-Heavy Plan.

                  (c) Consideration of Multiple Plans in Determining Top-Heavy
Status of Plan. All plans of the Company or an Affiliated Company which are
included in a Required

                                       29

<PAGE>

Aggregation Group or in a Permissive Aggregation Group (both as defined below)
with this Plan shall be considered together in determining whether this Plan is
a Top-Heavy Plan. Each plan of the Company or an Affiliated Company which is
required to be included in an aggregation group (whether required or permissive)
shall be treated as a Top-Heavy Plan if such group is a Top-Heavy Group (as
defined below). For this purpose, a "Required Aggregation Group" shall mean (i)
each plan of the Company or an Affiliated Company in which a Key Employee is a
participant plus (ii) each other plan of the Company or an Affiliated Company
which is required to exist in order for the plans contained in (1), above, to
meet the nondiscrimination requirements of Section 401(a) (4) or 410 of the
Code. A "Permissive Aggregation Group" shall mean (1) a Required Aggregation
Group plus (ii) any other plan or plans of the Company or an Affiliated Company
which are able to separately meet the nondiscrimination requirements of Sections
401(a)(4) and 410 of the Code but which the Sponsor elects to include within
such group.

         An aggregation group (either permissive or required) shall be a
"Top-Heavy Group" only if the sum of (a) the present value of the cumulative
accrued benefits for Key Employees under all defined benefit plans included in
such group and (b) the total of the account balances for Key Employees under all
defined contribution plans included in such group exceeds sixty percent (60%) of
the accrued benefits and account balances determined for all employees and
former employees covered under such plans. For accrued aggregate under the this
purpose, account balances shall be computed and adjusted pursuant to the
principles of Section 416(g) of the Code. In determining the cumulative accrued
benefits and account balances for purposes of this top-heavy test:

                           (i) the present value of the cumulative benefits of
all Key Employees shall be increased by the distributions made with respect to
each such individual plan during the

                                       30

<PAGE>

previous five (5) years (ending on the Determination Date). This provision shall
also apply to distributions under a terminated plan which would have been
required to be included in an aggregation group had the plan not been
terminated;

                           (ii) the extent to which rollovers and transfers are
to be taken into account shall be determined in accordance with Section 416 of
the Code and the regulations issued thereunder; and

                           (iii) the account balances and accrued benefits of
(a) an individual who is not currently a Key Employee but who was a Key Employee
in a prior year or (b) an individual who is a Key Employee but who has not
performed any services for the Company or an Affiliated Company at any time
during the five (5)-year period ending on the Determination Date, shall be
disregarded.

                  (d) Minimum Benefits. For any Plan Year in which the Plan is a
Top-Heavy Plan, each Participant who is a Non-Key Employee and who is employed
by the Company on the last day of the Plan Year shall receive a minimum
allocation of Company contributions and/or forfeitures to his Account under this
Plan which, when combined with the amount of any other contributions and/or
forfeitures allocated to such Participant's accounts under any other defined
contribution plans maintained by the Company or any Affiliated Company, shall be
no less than the lesser of (i) three percent (3%) of his Limitation Year
Compensation for such Plan Year or (ii) such percentage of his Limitation Year
Compensation for such Plan Year which is equal to the highest percentage of
Limitation Year Compensation which any Key Employee received in the form of
Company contributions and/or forfeitures to his Account in this Plan for such
Plan Year.

                                       31
<PAGE>
         For any Plan Year in which a Required Aggregation Group of which this
Plan is a member is a Top-Heavy Group, the minimum top-heavy benefit with
respect to each Participant in this Plan (other than Key Employees) who also
participates in any defined benefit plan of the Company or any Affiliated
Company shall be provided solely under this Plan, in lieu of any minimum benefit
under such defined benefit plan. Each such Participants shall, if employed on
the last day of the Plan Year, received a minimum allocation of contributions
and/or forfeitures totaling at least five percent (5%) of his Limitation Year
Compensation for such Plan Year.

         Any contributions made to a Non-Key Employee's accounts under any
defined contribution plans maintained by the Company or any Affiliated Company
which were made on behalf of such Non-Key Employee pursuant to a cash or
deferred arrangements satisfying the requirements of Section 401(k) of the Code
may not be used to satisfy this minimum allocation requirement.

         For purposes of this Section 5.9(d), the term "Limitation Year
Compensation" shall have the same meaning as set forth in Section 4.6(d)(5) of
the Plan provided, however, that a Participant's Limitation Year Compensation
for any Plan Year shall not include any amounts in excess of One Hundred Fifty
Thousand Dollars ($150,000) or, effective as of January 1, 2002, Two Hundred
Thousand Dollars ($200,000), as adjusted for increases in the cost of living
pursuant to Section 401(a) (17) of the Code.

                  (e) 415 Limit Adjustments. If the Plan is a Top-Heavy Plan for
any Plan Year, the references to a factor of one and twenty-five one-hundredths
(1.25) in Sections 4.6(d)(2)(ii) and 4.6(d)(3)(ii) of the Plan shall be changed
to references to a factor of one (1.0).

                                       32

<PAGE>

                                   ARTICLE VI

                                 THE TRUST FUND

         6.1 Contributions Held in Trust. Contributions shall be held in a Trust
Fund maintained by Trustee, pursuant to the terms of the Trust Agreement. No
Employee, Participant, surviving spouse or Beneficiary under this Plan or any
other person shall have any interest in or right to any part of the Plan except
as and to the extent provided by the terms of the Plan.

         6.2 No Guarantee of Security Values. The Company does not guarantee or
represent in any way that the value of Company common stock in which the
Participant has an interest will increase or will not decrease. Each Participant
assumes all risks in connection with any changes in the value of the Company
common stock in which his Account is invested.

         6.3 Responsibility of Trustee.

                  (a) The Sponsor shall enter into a Trust Agreement with a
Trustee to be designated by the Administrative Board, which Trustee shall serve
at the pleasure of the Administrative Board. The Trust Agreement shall provide,
among other things, for a Trust Fund (to be administered by the Trustee) to
which all contributions shall be made and from which all distributions shall be
made, and the Trustee shall have such rights, powers and duties as the
Administrative Board shall from time to time determine. All assets of the Trust
Fund shall be held, invested and reinvested in accordance with the provisions of
the Trust Agreement and the Plan. The Trustee shall be responsible solely for
the safekeeping of the assets of the Trust Fund and shall have no responsibility
for the operation or administration of the Plan, except as expressly provided
herein. The Trustee shall have the authority to make distributions from the
Trust Fund and to pay monies at the direction of the Administrative Board or its
designee and in accordance with the terms of this Plan.

                                       33
<PAGE>

                  (b) The Trustee shall evaluate the Trust Fund at fair market
value as of the close of business on each Valuation Date. In making such
evaluation, the Trustee shall deduct all charges, expenses and other
liabilities, if any, contingent or otherwise, then chargeable against the Trust
Fund, in order to give effect to income realized and expenses paid or incurred,
losses sustained and unrealized gains or losses constituting appreciation or
depreciation in the value of Trust investments since the last previous
evaluation. As soon as practicable after such evaluation, the Trustee shall
deliver in writing to the Administrative Board and to the Board of Directors of
the Sponsor an evaluation of the Trust Fund together with a statement of the
amount of net income or loss (including appreciation or depreciation in the
value of Trust investments) since the last previous evaluation.

         6.4 Expenses of the Plan. Neither the principal nor the income of the
Trust Fund shall be used for any purpose whatsoever other than for exclusive
benefit of Participants, retired Participants, surviving spouses, and
Beneficiaries, to meet the necessary expenses of the Plan, or as provided in
Section 9.8 of the Plan. All expenses of the Plan and Trust shall be paid from
the Trust Fund, unless paid directly by the Company in its discretion.

         6.5 Exempt Loans.

                  (a) Terms. The Board of Directors may direct the Trustee to
obtain loans. Any such loan shall meet all requirements necessary to constitute
an "exempt loan" within the meaning of Treasury Regulations
Section 54.4975-7(b)(1)(iii) and shall be used primarily for the benefit of the
Participant and Beneficiaries.

         The proceeds of any such loan shall be used, within a reasonable time
after the loan is obtained, only to purchase Company common stock, repay the
loan, or repay any prior loan. Any such loan shall provide for no more than a
reasonable rate of interest, as determined under

                                       34
<PAGE>

Treasury Regulations Section 54.4975-7(b)(7), and must be without recourse
against the Plan. The number of years to maturity under the loan must be
definitely ascertainable at all times.

         The only assets of the Plan that may be given as collateral for a loan
are shares of Company common stock acquired with the proceeds of the loan and
shares of Company common stock that were used as collateral on a prior loan
repaid with the proceeds of the current loan. Such Company common stock so
pledged shall be placed in a Suspense Account. No person entitled to payments
under a loan shall have recourse against Trust assets other than such
collateral, contributions that are available under the Plan the meet obligations
under the loan, and earnings attributable to such collateral and the investment
of such contributions. All contributions paid during the Plan Year in which a
loan is made (whether before or after the date the proceeds of the loan are
received), all contributions paid thereafter until the loan has been repaid in
full, and all earnings from investment of such contributions, without regard to
whether any such contributions and earnings have been allocated to Participants'
Accounts, shall be available to meet obligations under the loan, unless
otherwise provided by the Company at the time any such contribution is made.

         Any pledge of Company common stock must provide for the release of
shares so pledged, as provided below, upon the payment of any portion of the
loan. For each Plan Year during the duration of the loan, the number of shares
of Company common stock released from such pledge must equal the number of
encumbered shares held immediately before release for the current Plan Year
multiplied by a fraction, the numerator of which is the amount of principal and
interest paid for the year, and the denominator of which is the sum of the
numerator plus the principal and interest to be paid for all future years. Such
future years shall be determined without taking into account any possible
extension or renewal periods. In the event the interest

                                       35
<PAGE>

is variable, the interest to be paid in future years must be computed by using
the interest rate applicable as of the end of the Plan Year.

                  (b) Amounts Available for Loan Payments. Payments of principal
and interest on any such loan during a Plan Year shall be made by the Trustee
(as directed by the Administrative Board) only from (1) Company contributions to
the Trust made to meet the Plan's obligation under loan and from any earnings
attributable to Company common stock held as collateral for a loan (both
received during or prior to the Plan Year), less such payment in prior years;
(2) the proceeds of a subsequent loan made to repay a prior loan; and (3) the
proceeds of the sale of any Company common stock held as collateral for a loan.
Such contributions and earnings must be accounted for separately by the Plan
until the loan is repaid.

                  (c) Allocation of Released Stock.. Company common stock
released by reason of the payment of principal or interest on a loan, which
payment is attributable to Company contributions or dividends on Company common
stock, shall immediately, upon release, be credited to the Participants'
Accounts in accordance with the principles of Section 4.2(a) of the Plan.
Company common stock released by reason of the payment of principal or interest
on a loan, which payment is attributable to the sale of any Company common stock
held as collateral for such loan, shall immediately, upon release, be credited
to the Participants' Accounts in proportion to the respective opening account
balances of such Accounts as of the first day of the applicable Plan Year.

                  (d) Company Contributions. The Company intends to contribute
to the Trust, subject to its complete discretion, sufficient amounts to enable
the Trustee to pay principal and interest on any such loans as they are due,
provided, however, that no such contribution shall

                                       36
<PAGE>

exceed the limitations in Section 4.6 of the Plan, or cause the Company to fail
to meet its regulatory capital requirements.

                                  ARTICLE VII

                           ADMINISTRATION OF THE PLAN

         7.1 Administrative Board. The Plan shall be administered by an
Administrative Board consisting of at least three (3) members who shall be
appointed from time to time by the Board of Directors and who shall serve at the
pleasure of the Board of Directors. The members of the Administrative Board
shall not receive any compensation for their services. The Administrative Board
may perform any or all duties and exercise any or all powers of the Company
under this Plan unless specifically reserved herein for the Board of Directors.

         7.2 Organization of Administrative Board. The Board of Directors shall
appoint the Chairman of the Administrative Board. The members of the
Administrative Board shall appoint a Secretary, who may be, but need not be, a
member of the Administrative Board. The Administrative Board shall have the
power to assign or allocate any of its responsibilities among its members
(except the Chairmanship of the Administrative Board), and to designate one or
more persons (including persons who are not members of the Administrative Board)
to execute or deliver any instruments or make any payments on their behalf.

         7.3 Meetings of Administrative Board. The Administrative Board shall
hold meetings upon call by the Chairman or by a majority of the members at such
place or places and at such time or at such intervals as may be stated in the
call, as well as such meetings the place and time of which are fixed in advance
by the Administrative Board. A majority of the members of the Administrative
Board at any time in office shall constitute a quorum for the transaction of
business. All resolutions adopted or other actions taken by the Administrative

                                       37
<PAGE>

Board shall be by the vote of a majority of those present at a meeting or by a
majority of the members of the Administrative Board if no meeting is held.
Minutes of all meetings shall be made and preserved. No member of the
Administrative Board may vote or take any other action with respect to a matter
pertaining solely to himself.

         7.4 Powers and Duties of the Administrative Board. Subject to the
limitations of the Plan, the Administrative Board shall have the powers
necessary to discharge its duties hereunder. Any action on matters within the
discretion of the Administrative Board shall be final and conclusive as to all
interested persons. The powers and duties of the Administrative Board include,
but are not limited to, the following:

                  (a) To make all determinations as to the right of any person
to a benefit under the Plan and to issue directions to the Trustee accordingly;

                  (b) To comply with applicable laws and governmental
regulations relating to the Plan and to provide for the furnishing of such
reports to Participants, the Internal Revenue Service, the Department of Labor
and such other agencies as may be necessary for compliance;

                  (c) To construe and interpret the Plan, decide all questions
of eligibility and determine the amount, manner and time of payment of any
benefits hereunder;

                  (d) To prescribe procedures to be followed by Participants or
Beneficiaries filing applications for benefits;

                  (e) To fix minimum periods of notice where notice is required;

                  (f) To prepare and distribute, in such manner as the
Administrative Board determines to be appropriate, information explaining the
Plan;

                  (g) To receive from the Company and from Participants such
information as shall be necessary for the proper administration of the Plan;

                                       38
<PAGE>

                  (h) To receive, review and keep on file (as it deems
convenient or proper) reports of the financial condition, and of the receipts
and disbursements, of the Trust Fund;

                  (i) To cause to be prepared and submitted to the Board of
Directors within a reasonable time after the end of the Plan Year a report or
reports showing the fiscal transactions under the Plan, and under all existing
Trust Agreement(s) for such preceding Plan Year;

                  (j) To certify to the Trustee such information, records and
data as may be necessary from time to time in the proper administration of the
Plan and in the distribution of benefits in accordance with the provisions of
the Plan;

                  (k) To select or change the Trustee, recordkeeper or
investment advisor;

                  (l) To provide for the systematic review of the performance of
the Trustee;

                  (m) To direct the purchase of such policies of fiduciary
insurance and fidelity bonds as it deems appropriate;

                  (n) To prescribe its own rules of procedure, its decisions
pursuant to which as to any questions shall be binding upon all persons,
provided the provisions of the Plan are not contravened;

                  (o) To cause to be maintained such books of account, records
and other data as may be necessary or advisable in its judgment for the purpose
of the proper administration of the Plan;

                  (p) To employ such agents, attorneys, advisors and clerical
assistants as it deems necessary; and

                  (q) To direct the Trustee concerning all payments that shall
be made out of the Trust Fund pursuant to the provisions of the Plan.

                                       39
<PAGE>

         All rules and decisions of the Administrative Board shall be uniformly
and consistently applied to all persons in similar circumstances. The
Administrative Board shall be entitled to rely upon certificates of the Company
and the Trustee as to information pertinent to any calculation or determination
made pursuant to the Plan.

         7.5 Claim Procedure.

                  (a) A Participant or Beneficiary (hereinafter collectively
referred to as the "Claimant") may file with the Administrative Board a written
claim for benefits and/or rights under the Plan. The Administrative Board or its
delegate, within a reasonable time not to exceed sixty (60) days, unless special
circumstances require an extension of time of not more than an additional sixty
(60) days (in which event the Claimant will be notified of the delay during the
first sixty (60) day period), shall provide adequate notice in writing to any
Claimant whose claim for benefits has been denied, in whole or in part, setting
forth (i) the specific reasons for denial, (ii) specific reference to the
provision(s) of the Plan on which the denial is based, (iii) if applicable, a
description of any additional material or information required to perfect the
claim and an explanation of why such material or information is necessary and
(iv) information as to the steps to be taken in order for the denial of the
claim to be reviewed.

                  (b) If a claim is denied, the Claimant may file an appeal of
the denied claim for benefits with the Administrative Board or its delegate
within sixty (60) days after notice of denial. The Claimant shall have the right
to review pertinent documents and submit issues and comments in writing to the
Administrative Board, which shall notify the Claimant of its decision on the
appeal of the denied claim. Such decision shall be rendered in writing as soon
as possible after the decision is made, but in no event more than sixty (60)
days after receipt of the appeal, and if the appeal is denied, shall include (i)
specific reasons for the decision, and (ii) specific

                                       40
<PAGE>
reference to the provision(s) of the Plan on which the decision is based. Such
decision of the Administrative Board shall be final.

         Anything to the contrary in the foregoing notwithstanding, the claim
procedure shall comply with all the requirements of Section 503 of ERISA and the
regulations thereunder.

                  (c) No Claimant shall institute any action or proceeding in
any court of law or equity, state or federal, or before any administrative
tribunal, for a claim for benefits under the Plan, until he has first exhausted
the procedures set forth in this Section 7.5.

         7.6 Limitation of Co-Fiduciary Liability. Neither the Company, the
Board of Directors, the Administrative Board (including the individual members
thereof and the Secretary), nor any Employee who is deemed to be a fiduciary
under the Plan shall be liable for a breach of fiduciary responsibility by
another fiduciary under the Plan except as provided in Section 405(a) of ERISA

         7.7 Allocation and Delegation of Fiduciary Duties.

                  (a) The Administrative Board is hereby .designated as the
"named fiduciary" of the Plan within the meaning of Sections 402(a) and 402(c)
of ERISA with respect to the operation and administration of the Plan. The
Trustee is hereby designated as the "named fiduciary" of the Plan within the
meaning of Sections 402(a) and 402(c) of ERISA with respect to the management
of the assets of the Trust.

                  (b) The Administrative Board may establish procedures for (i)
the allocation of fiduciary responsibilities under the Plan among its members
and (ii) the designation of persons, including Participants hereunder other than
members of the Administrative Board, to carry out fiduciary or other
responsibilities under the Plan. If any fiduciary responsibility is allocated or
if any person is designated to carry out any responsibility pursuant to the last

                                       41
<PAGE>

preceding sentence, the other fiduciaries will not be liable for any act or
omission of such person in carrying out such responsibility, except as provided
in Section 405(c)(2) of ERISA.

         7.8 Indemnification for Liability. To the extent permitted by law, the
Company shall indemnify and hold harmless any of its officers and employees, any
member of the Board of Directors, any member of the Administrative Board, any
other person or organization (other than the Trustee or any Investment Manager)
acting with respect to the Plan at the request of the Company or the
Administrative Board, and may in its discretion so indemnify the Trustee from
any and all claims, demands, suits or proceedings, for liability, loss, damage,
penalty, or tax (including payment of legal fees and expenses in connection with
defense against same) brought by any Participant, Beneficiary, Employee or any
other person, corporation, governmental agency, or other entity, arising from
any act or failure to act which constitutes or is alleged to constitute a
prohibited transaction or a breach of such individual's fiduciary
responsibilities with respect to the Plan under ERISA or any other law,
provided, however, that such indemnification shall not apply to any willful
misconduct, willful failure to act, or gross negligence.

                                  ARTICLE VIII

                            AMENDMENT AND TERMINATION

         8.1 Right of Termination; Exclusive Benefit Rule. While it is the
intention of the Company to continue the Plan so long as the Code permits, the
Board of Directors, or if the Board of Directors so resolves, the Administrative
Board shall, with respect to all Participants, have the right to terminate the
Plan at any time or to amend the Plan at any time or from time to time;
provided, however, that no such amendment or termination shall be effective
which (i) shall contravene any applicable statute or attempt to transfer any
part of the funds held by the Trustee for purposes other than for the exclusive
benefit of Participants or Beneficiaries or (ii)

                                       42
<PAGE>

shall cause or permit any portion of the funds held by the Trustee under the
Plan to revert to or become the property of the Company, except as provided in
Section 9.8 of the Plan.

         8.2 Vesting and Allocation of Assets on Termination of Plan.

                  (a) In the event the Plan is terminated or partially
terminated or upon complete discontinuance of contributions under the Plan (all
within the meaning of Section 411(d)(3) of the Code and Treasury Regulations
thereunder), the rights of all affected Participants accrued under the Plan to
the date of such termination, partial termination or complete discontinuance
shall be nonforfeitable, provided, however, that a Participant's recourse for
satisfaction of such rights shall be limited to assets of the Plan.

                  (b) Any distribution after termination of the Plan may be made
at any time, and from time to time, in whole or in part, to the extent that no
discrimination in value results, in cash, in securities or in other assets in
kind as the Company, in its discretion, may determine and so direct the Trustee.
In making any such distribution, any and all determinations, divisions,
appraisals, apportionments and allotments so made shall be final and conclusive.

         8.3 Right to Amend. Notwithstanding anything in the Plan to the
contrary, the Board of Directors may adopt any and all modifications of the Plan
which such Board shall deem necessary or appropriate, provided, however, that no
such modification shall make it possible for any part of the funds of the Plan
to be used for, or diverted to, purposes other than for the exclusive benefit of
Participants, retired Participants, or Beneficiaries under the Plan, except as
provided in Section 9.8 of the Plan. No modification or amendment shall be made
which has the effect of decreasing the accrued benefit of any participant or of
reducing a Participant's vested percentage in such accrued benefit.

                                       43
<PAGE>

         8.4 Merger, Consolidation, or Transfer of Assets. The Plan may not be
merged or consolidated with, nor may its assets or liabilities be transferred
to, any other plan unless each Participant, retired Participant or Beneficiary
under the Plan would, if the resulting plan were then terminated, receive 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 the Plan had been
terminated.

                                   ARTICLE IX

                                     GENERAL

         9.1 Forms. All consents, elections, applications, designations, etc.,
required or permitted under the Plan must be made on forms prescribed and
furnished by the Company.

         9.2 Assignment. Benefits provided under this Plan shall not be subject
to assignment, alienation, transfer, hypothecation, encumbrance, commutation or
anticipation. No right or claim to any of the monies or other assets under the
Plan shall be assignable, nor shall such rights or claims be subject to
garnishment, attachment, execution, or levy of any kind, and any attempt to
assign, transfer, pledge, encumber, commute or anticipate the same will not be
recognized by the Company or the Trustee except to such an extent as may be
required by law.

         Notwithstanding the above, benefits shall be payable to an individual
other than a Participant in accordance with the applicable requirements of a
Qualified Domestic Relations Order (as defined below) pursuant to the following
provisions:

                  (i) A "Qualified Domestic Relations Order" shall mean a
judgment, decree, or order (including approval of a property settlement
agreement) which relates to the provision of child support, alimony payments, or
marital property rights to a spouse, former spouse, child or other dependent of
a Participant, which creates or recognizes the

                                       44
<PAGE>

existence of an alternative payee's right to, or which assigns to an alternate
payee the right to, receive all or a portion of the benefits payable with
respect to a Participant under the Plan, and which meets the following
requirements:

                           (A) such order shall specify the name and last known
mailing address (if any) of he Participant and each alternate payee covered by
the order,

                           (B) such order shall specify the amount or percentage
of the Participant's benefits to be paid by the Plan to each such alternate
payee or the manner in which such amount or percentage is to be determined,

                           (C) such order shall specify the number of payments
or period to which such order applies,

                           (D) such order shall specify each plan to which such
order applies,

                           (E) such order shall not require the Plan to provide
any type or form of benefits or any option not otherwise provided under the
Plan,

                           (F) such order shall not require the Plan to provide
increased benefits (determined on the basis of actuarial value), and

                           (G) such order shall not require the payment of
benefits to an alternate payee which are required to be paid to another
alternate payee under another order previously determined to be a Qualified
Domestic Relations Order.

                  (ii) The Administrative Board shall determine a set of
nondiscriminatory and reasonable procedures to determine the qualified status of
domestic relations orders and to administer distributions under such qualified
orders in accordance with Section 414(p) of the Code.

                                       45
<PAGE>

         9.3 Payments to Incompetents. Upon direction from the Company to the
Trustee (i) that a person entitled to receive any benefits under the Plan is
physically or mentally incompetent to receive such benefits and to give a valid
release therefore, (ii) that another person or an institution is then
maintaining or has custody of such Participant or Beneficiary, and (iii) that no
guardian, committee or other representative of the estate of such Participant or
Beneficiary has been duly appointed, the Trustee may pay such benefits to such
other person or institution, and the release of such other person or institution
shall be a valid and complete discharge for such payment.

         9.4 Payments to Minors. In the absence of the appointment of a legal
guardian, any amount payable to a minor may be paid at a rate not exceeding One
Hundred Dollars ($100) a month to such adult or adults as have, in the opinion
of the Company as communicated to the Trustee, assumed the custody or principal
support of such minor.

         9.5 Inability to Locate Participants or Beneficiaries. If the Company
is unable, after reasonable effort, to ascertain the identity, whereabouts or
existence of any Participant or Beneficiary to whom a benefit is payable under
this Plan, the benefit otherwise payable to the Participant or Beneficiary shall
be forfeited, anything to the contrary contained elsewhere in this Plan
notwithstanding; provided, however, that any benefits so forfeited shall be
reinstated if a claim is subsequently made by such Participant or Beneficiary or
if proof of death of such person satisfactory to the Company is received by the
Company.

         Any benefits lost by reason of escheat under applicable state law shall
be considered forfeited and shall not be subsequently reinstated.

                                       46
<PAGE>

         Any amounts forfeited under this Section 9.5, other than by reason of
escheat, shall be applied to reduce subsequent Company contributions to the
Plan, and any restorations hereunder shall be made as Company contributions.

         9.6 Rights of Employees and Company. Nothing contained in the Plan
shall be deemed to give any Employee or any Participant the right to be retained
in the service of the Company or to interfere with the right of the Company to
discharge any Employee or Participant or change his job, position, title,
authority, duties or rate of compensation at any time without regard to the
effect which such action will have upon his rights, if any, under the Plan.
Notwithstanding any other provision of the Plan, all payments of the benefits
provided under the Plan shall be made solely out of funds held for such purpose
by the Trustee hereunder, and the Company shall have no liability for such
payments.

         9.7 Governing Laws. Except insofar as other federal legislation or
applicable regulation shall govern, the validity and construction of the Plan
and each of its provisions shall be subject to and governed by the laws of the
State of Wisconsin. In the event of any conflict between provisions of the Plan
and the terms of any contract or policy issued hereunder, the provisions of the
Plan shall control. The Plan is intended to qualify under the Code and to comply
with the provisions of ERISA and regulations thereunder and any other applicable
federal laws and regulations, and the provisions of the Plan shall be construed
to effectuate such intention.

         9.8 Mistake of Fact. If all or any portion of a contribution to the
Plan is made by the Company by a mistake of fact, the Company shall be entitled
to receive a return of such contribution, net of any losses attributable
thereto, as soon as possible, but in no event later than one (1) year after the
payment of such contribution.

                                       47
<PAGE>

         9.9 Headings as Matter of Convenience. The headings used to describe
the sections of the Plan are used for convenience of reference only and shall
not be deemed to be dispositive or controlling as to questions related to Plan
interpretation.

         9.10 USERRA. Notwithstanding any provisions in the 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).

         9.11 Effective Dates The Amended and Restated Plan shall generally be
effective as of January 1, 1997 except as otherwise provided in the Plan and
except that the changes in the Plan to eliminate the elapsed time method for
determining service and the changes to Section 4.2 and 5.4 shall be effective
July 1, 1999, the addition of Section 9.9 shall be effective December 12, 1994,
the changes in the definition of Compensation with respect to pretax
contributions shall be effective January 1, 1998, and the change in
Section 4.6(a) shall be effective January 1, 1995.

                                       48<PAGE>
                                                                EXHIBIT 10.8.a.1

                          FIRST FEDERAL CAPITAL CORP.

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT is effective as of July 1, 2000 (the
"Commencement Date") between First Federal Capital Corp., its successors and
assigns (hereinafter referred to as the "Company"), having its principal offices
located at 605 State Street, La Crosse, Wisconsin 54602, and Jack C. Rusch (the
"Executive").

                                    RECITALS

         WHEREAS, Executive is a key employee, whose extensive background,
knowledge and experience in the financial services industry has substantially
benefited both First Federal Savings Bank LaCrosse-Madison, F.S.B. (the "Bank")
and the Company and whose continued employment by the Company in the capacities
of Executive Vice President, Treasurer, and Finance and Administrative Division
Manager ("Corporate Position") will benefit the Company in the future; and

         WHEREAS, Executive possesses an intimate knowledge of the business and
affairs of the Company and the Bank, including their policies, markets and
financial and human resources; and

         WHEREAS, the parties are mutually desirous of entering into this
Agreement setting forth the terms and conditions for the employment relationship
between the Company and Executive.

                                    AGREEMENT

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
set forth below:

         1. Employment. The Company shall employ Executive, and Executive shall
serve the Company, on the terms and conditions set forth in this Agreement.

         2. Term of Employment. The period of Executive's employment under this
Agreement shall coincide in all respects, including with respect to termination
of such employment, with his period of employment by the Bank under the
employment agreement entered into between the Bank and Executive and bearing
even date herewith (the "Bank Agreement"). The term of employment as in effect
from time to time hereunder shall be referred to as the "Employment Term".

         3. Position and Duties. Executive shall serve the Company in his
Corporate Position as Executive Vice President, Treasurer, and Finance and
Administrative Division Manager. As such, Executive shall report directly to the
President of the Company and shall have supervision and control over, and
responsibility for, corporate recordkeeping of the Company and shall have such
other powers, duties and responsibilities as may be from time to time prescribed
and assigned by the President and the Board, provided that such duties are
consistent with his present

<PAGE>

duties and position as an executive officer of the Company. Executive shall
devote substantially all his working time and efforts to the business and
affairs of the Company and the Bank.

         4. Compensation. As compensation for services provided pursuant to this
Agreement, Executive shall receive from the Company the compensation and
benefits set forth below:

                  (i) Base Salary. During the Employment Term, Executive shall
         receive a base salary payable by the Bank ("Base Salary") in such
         amount as may from time to time be approved by the Board of Directors
         of the Bank; provided, however, that the Company and Executive agree
         that (i) a portion of the amount received by Executive from the Bank
         will be allocable to time and effort of the Executive spent on behalf
         of the Company pursuant to this Agreement, and (ii) that the Company
         may reimburse the Bank in any such amount as may be jointly determined
         by the Boards of Directors of the Company and Bank to reflect such
         allocable portion. No increase in Base Salary paid by the Bank (or the
         amount thereof reimbursed by the Company) or other compensation granted
         by the Company or Bank shall in any way limit or reduce any other
         obligation of the Company under this Agreement. Executive's Base Salary
         and other compensation shall be paid in accordance with the Bank's
         regular payroll practices, as in effect from time to time.

                  (ii) Bonus Payments. In addition to Base Salary, Executive
         shall be entitled, during the Employment Term, to participate in and
         receive payments from all bonus and other incentive compensation plans
         (as currently in effect, as modified from time to time, or as
         subsequently adopted) of the Company; provided, however, that nothing
         contained herein shall grant Executive the right to continue in any
         bonus or other incentive compensation plan following its discontinuance
         by the Board (except to the extent Executive had earned or otherwise
         accumulated vested rights therein prior to such discontinuance).

                   (iii) Other Benefits. During the Employment Term, the Company
         shall provide to Executive all other benefits of employment (or, with
         Executive's consent, equivalent benefits) generally made available to
         other executives of the Company. In addition, Executive shall
         participate in any stock purchase, stock option or stock appreciation
         rights, plans, or any other stock-based programs, made available by the
         Company to its executives.

                  Executive shall be entitled to vacation, sick time, personal
         days and other perquisites in the same manner and to the same extent as
         such benefits are available under the Bank Agreement; provided that
         this Agreement is intended to allow Executive to utilize the
         perquisites provided pursuant to the Bank Agreement and not to create
         additional perquisites hereunder.

                  Nothing contained herein shall be construed as granting
         Executive the right to continue in any benefit plan or program, or to
         receive any other perquisite of employment provided under this
         paragraph 4(iii) (except to the extent Executive had previously earned
         or accumulated vested rights therein) following termination or
         discontinuance of such plan, program or perquisite by the Board.

                                       2
<PAGE>

         5. Termination. This Agreement shall terminate upon the effective date
of termination of the Bank Agreement.

         Upon termination of this Agreement, simultaneous with termination of
the Bank Agreement, Executive shall be entitled to the receipt of
termination/severance benefits from the Bank as determined under all applicable
provisions of the Bank Agreement ("Severance Benefits"). The Bank shall be
primarily responsible for the payment of Severance Benefits; provided, however,
that the Company may reimburse the Bank for a portion of the cost of Executive's
Severance Benefits in any amount jointly determined by the Boards of Directors
of the Company and Bank to correspond to the allocation of Executive's time and
effort between Bank and Company matters during the 12-month period preceding
termination of the Bank Agreement. Notwithstanding the foregoing, if the
application of Section 6 of the Bank Agreement results in Unpaid Severance as
defined therein, the Company shall be responsible for payment to Executive of
the entire amount of Unpaid Severance and shall also pay to Executive an
additional amount (the "Reimbursement Payment") such that the net amount
retained by Executive after deduction of (i) any tax imposed by Section 4999 of
the Internal Revenue Code (the "Excise Tax") and any interest charges or
penalties in respect to imposition of such Excise Tax (but not any federal,
state or local income tax) on the Total Payments (which for purposes of this
Agreement shall mean the Severance Benefits plus any Unpaid Severance, together
with any other payments and/or the value of any benefits provided by the Bank or
Company, including but not limited to any amount or value attributable to the
vesting of stock options upon Executive's termination and to which said Excise
Tax applies by reason of Section 280G of the Code), and (ii) any federal, state
and local income tax and Excise Tax upon the payment pursuant to Section 5(i)
above, so that the total received by Executive after deduction of said Excise
Taxes shall be equal to the Total Payments. For purposes of determining the
amount of Reimbursement Payment, Executive shall be deemed to pay federal income
taxes at the highest marginal rate of federal income taxation in the calendar
year in which the Reimbursement Payment is to be made and state and local income
taxes at the highest marginal rate of taxation in the state and locality of
Executive's domicile for income tax purposes on the date the Reimbursement
Payment is made, net of the maximum reduction of federal income taxes that could
be obtained from deduction of such state and local taxes.

         6.  General Provisions.

                  (i)  Successors; Binding Agreement.

                  (A)      The Company will require any successor (whether
                           direct or indirect, by purchase, merger,
                           consolidation or otherwise) to all or substantially
                           all of the business and/or assets of the Company
                           ("successor organization") to expressly assume and
                           agree to perform this Agreement in the same manner
                           and to the same extent that the Company would have
                           been required to perform if no such succession had
                           taken place. If such succession is the result of a
                           "change in control" as defined in the Bank Agreement,
                           such assumption shall specifically preserve to
                           Executive, for the greater of twelve (12) months or
                           the then remaining term under the Bank Agreement, all
                           rights and remedies (recognizing them as being
                           available and applicable as the result of the "change
                           in control"

                                       3
<PAGE>

                           effectuating said succession) provided under this
                           Agreement which would arise in connection with a
                           "change in control" or the effect thereof.

                                    As used in this Agreement "Company" shall
                           mean the Company as hereinbefore defined and any
                           successor to its business and/or assets as aforesaid
                           which executes and delivers the agreement provided
                           for in this Section 6 or which otherwise becomes
                           bound by the terms and provisions of this Agreement
                           by operation of this Agreement or law. Failure of the
                           Company to obtain such agreement prior to the
                           effectiveness of any such succession shall be a
                           breach of this Agreement and shall entitle Executive
                           as his exclusive remedy to compensation from the
                           Company in the same amount and on the same terms as
                           he would be entitled to the same pursuant to Section
                           5 of this Agreement. For purposes of implementing the
                           foregoing, the date on which any such succession
                           becomes effective shall be deemed the Termination
                           Date.

                  (B)      No right or interest to or in any payments or
                           benefits under this Agreement shall be assignable or
                           transferable in any respect by the Executive, nor
                           shall any such payment, right or interest be subject
                           to seizure, attachment or creditor's process for
                           payment of any debts, judgments, or obligations of
                           Executive; provided, however, that in the event of
                           Executive's death prior to the receipt of payments or
                           benefits payable hereunder, the Executive's spouse or
                           estate shall be entitled to the receipt thereof.

                  (C)      This Agreement shall be binding upon, inure to the
                           benefit of, and be enforceable by Executive and his
                           heirs, beneficiaries and personal representatives and
                           the Company and any successor organization.

                  (ii) Noncompetition. Executive acknowledges that the
         development of personal contacts and relationships is an essential
         element of the Company's business, that the Company has invested
         considerable time and money in his development of such contacts and
         relationships, that the Company could suffer irreparable harm if he
         were to leave employment and solicit the business of customers of the
         Company or Bank, and that it is reasonable to protect the Company and
         Bank against competitive activities by Executive. Executive covenants
         and agrees, in recognition of the foregoing and in consideration of the
         mutual promises contained herein, that in the event of a voluntary
         termination of employment by Executive pursuant to Section 5(iii) of
         the Bank Agreement, or upon expiration of the Bank Agreement as a
         result of Executive's election not to continue automatic annual
         renewals, Executive shall not accept employment in LaCrosse, Dane or
         St. Croix counties with any Significant Competitor of the Company or
         Bank for a period of eighteen (18) months following such termination.
         For purposes of this Agreement, the term Significant Competitor means
         any financial institution including, but not limited to, any commercial
         bank, savings bank, savings and loan association, credit union,
         mortgage banking corporation, or holding company for any of the
         foregoing, which at the time of termination of Executive's employment,
         or during the period of this covenant not to compete, (i) maintains a
         home, branch or other office in any of said counties, or (ii) has
         originated with any of said counties $10,000,000 or more in residential
         mortgage loans

                                       4
<PAGE>

         during any consecutive twelve (12) month period within the thirty-six
         (36) months prior to Executive's termination and inclusive of the
         period covered by this covenant.

                  Executive agrees that the non-competition provisions set forth
         herein are necessary for the protection of the Company and the Bank and
         are reasonably limited as to (i) the scope of activities affected, (ii)
         their duration and geographic scope, and (iii) their effect on
         Executive and the public. In the event Executive violates the
         non-competition provisions set forth herein, the Company shall be
         entitled, in addition to its other legal remedies, to enjoin the
         employment of Executive with any Significant Competitor for the period
         set forth herein. If Executive violates this covenant and the Company
         brings legal action for injunctive or other relief, the Company shall
         not, as a result of the time involved in obtaining such relief, be
         deprived of the benefit of the full period of the restrictive covenant.
         Accordingly, the covenant shall be deemed to have the duration
         specified herein, computed from the date such relief is granted, but
         reduced by any period between commencement of the period and the date
         of the first violation. In addition to such other relief as may be
         awarded, if the Company is the prevailing party it shall be entitled to
         reimbursement for all reasonable costs, including attorneys' fees,
         incurred in enforcing its rights hereunder.

                  (iii) Notice. For purposes of this Agreement, notices and all
         other communications provided for in the Agreement shall be in writing
         and shall be deemed to have been duly given when delivered or mailed by
         the Company, United States registered mail, return receipt requested,
         postage prepaid, addressed as follows:

                  If to the Company:

                           First Federal Capital Corp.
                           605 State Street
                           La Crosse, Wisconsin
                           Attention: Secretary

                  If to the Executive, at the address set forth below the
         Executive's signature line of this Agreement. Either party may furnish
         to the other in writing in accordance herewith, a notice of change of
         address which shall become effective only upon receipt by the other
         party.

                  (iv) Expenses. If any legal proceeding is necessary to enforce
         or interpret the terms of this Agreement or to recover damages for
         breach of it, the prevailing party shall be entitled to recover from
         the other party reasonable attorneys' fees and necessary costs and
         disbursements incurred in such litigation, in addition to any other
         relief to which such prevailing party is entitled.

                   Notwithstanding the foregoing, in the event of a legal
         proceeding to enforce or interpret the terms of this Agreement
         following a change in control, Executive shall be entitled to recover
         from the Bank, regardless of the outcome of said action, necessary
         costs and disbursements incurred together with actual attorney's fees
         up to the greater of (A) $25,000, or (B) thirty percent (30%) of the
         amount in dispute between the parties

                                       5
<PAGE>

         [which amount, for purposes of this Agreement, shall be deemed to be
         the difference between the highest written settlement offer (exclusive
         of any claim for consequential, punitive, or other forms or amounts of
         damages not based on specific contract terms) from Executive]. Recovery
         by Executive of attorney's fees and costs as provided herein following
         a change in control shall be in addition to any other relief to which
         Executive may be entitled.

                  (v) Withholding. The Company shall be entitled to withhold
         from amounts to be paid to Executive under this Agreement any federal,
         state, or local withholding or other taxes of charges which it is from
         time to time required to withhold. The Company shall be entitled to
         rely on an opinion of counsel if any question as to the amount or
         requirement of any such withholding shall arise.

                  (vi) Miscellaneous. No provision of this Agreement may be
         amended, waived or discharged unless such amendment, waiver or
         discharge is agreed to in writing and signed by Executive and such
         Company officer as may be specifically designated by the Board. No
         waiver by either party hereto at any time of any breach by the other
         party hereto of (or compliance with) any condition or provision of this
         Agreement to be performed by such other party shall be deemed a waiver
         of similar or dissimilar provisions or conditions at the same or at any
         prior or subsequent time. No agreements or representations, oral or
         otherwise, express or implied, with respect to the subject matter
         hereof have been made by either party which are not expressly set forth
         in this Agreement; provided, however, that the parties acknowledge the
         Bank Agreement is a separate employment agreement between Executive and
         the Bank and that nothing contained herein is intended to supercede or
         extinguish any of the rights or obligations created therein. The
         validity, interpretation, construction and performance of this
         Agreement shall be governed by the laws of the State of Wisconsin.

                  (vii) Validity. The invalidity or unenforceability of any
         provision of this Agreement shall not affect the validity or
         enforceability of any other provision of this Agreement, which shall
         remain in full force and effect.

                  (viii) Counterparts. This Agreement may be executed in several
         counterparts, each of which together will constitute one and the same
         instrument.

                  (ix) Headings. Headings contained in this Agreement are for
         reference only and shall not affect the meaning or interpretation of
         any provision of this Agreement.

                                       6
<PAGE>

                  (x) Effective Date. The effective date of this Agreement shall
         be the date indicated in the first section of this Agreement,
         notwithstanding that the actual date of execution by any party may
         differ therefrom.

         IN WITNESS WHEREOF, the undersigned have duly executed this Agreement
as of this 1st day of July, 2000.

First Federal Capital Corp.               Executive:

By:
   ----------------------------------     ------------------------------------
Title:                                    Title:
      -------------------------------           ------------------------------

Witness                                   Address:

By:
   ----------------------------------     ------------------------------------
Title:
      -------------------------------     ------------------------------------

                                       7

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