Document:

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                                                                    EXHIBIT 4.4

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                       THE GOODYEAR TIRE & RUBBER COMPANY

                                       AND

              FIRST CHICAGO TRUST COMPANY OF NEW YORK, RIGHTS AGENT

                                RIGHTS AGREEMENT

                            DATED AS OF JUNE 4, 1996

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                                TABLE OF CONTENTS
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RIGHTS AGREEMENT

Section 1.                 Certain Definitions....................................................................1

Section 2.                 Appointment of Rights Agent............................................................7

Section 3.                 Issue of Right Certificates............................................................7

Section 4.                 Form of Right Certificates.............................................................8

Section 5.                 Countersignature and Registration......................................................9

Section 6.                 Transfer, Split Up, Combination and Exchange of Right Certificates;
                           Mutilated, Destroyed, Lost or Stolen Right Certificates................................9

Section 7.                 Exercise of Rights; Purchase Price; Expiration Date of Rights.........................10

Section 8.                 Cancellation and Destruction of Right Certificates....................................12

Section 9.                 Reservation and Availability of Shares of Capital Stock...............................12

Section 10.                Preferred Stock Record Date...........................................................14

Section 11.                Adjustment of Purchase Price, Number and Kind of Shares or Number of
                           Rights................................................................................14

Section 12.                Certificate of Adjusted Purchase Price or Number of Shares............................22

Section 13.                Combination, Consolidation, Merger or Sale or Transfer of Assets or
                           Earning Power.........................................................................23

Section 14.                Fractional Rights and Fractional Shares...............................................25

Section 15.                Rights of Action......................................................................26

Section 16.                Agreement of Right Holders............................................................26
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<S>                        <C>                                                                                   <C>
Section 17.                Right Certificate Holder Not Deemed a Shareholder.....................................27

Section 18.                Concerning the Rights Agent...........................................................27

Section 19.                Merger or Consolidation or Change of Name of Rights Agent.............................28

Section 20.                Duties of Rights Agent................................................................29

Section 21.                Change of Rights Agent................................................................31

Section 22.                Issuance of New Right Certificates....................................................32

Section 23.                Redemption and Termination............................................................32

Section 24.                Exchange..............................................................................34

Section 25.                Notice of Certain Events..............................................................35

Section 26.                Notices...............................................................................36

Section 27.                Supplements and Amendments............................................................36

Section 28.                Successors............................................................................37

Section 29.                Determinations and Actions by the Board of Directors, etc.............................37

Section 30.                Benefits of This Agreement............................................................38

Section 31.                Severability..........................................................................38

Section 32.                Governing Law.........................................................................38

Section 33.                Counterparts..........................................................................38

Section 34.                Descriptive Headings..................................................................38

Exhibit A                  Form of Articles of Amendment........................................................A-1

Exhibit B                  Form of Rights Certificate...........................................................B-1

Exhibit C                  Summary of Rights to Purchase Preferred Stock........................................C-1
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                                RIGHTS AGREEMENT
                                ----------------

         RIGHTS AGREEMENT, dated as of June 4, 1996 (the "Agreement"), between
THE GOODYEAR TIRE & RUBBER COMPANY, a Ohio corporation (the 'Company"), and
FIRST CHICAGO TRUST COMPANY OF NEW YORK, a New York corporation (the "Rights
Agent").

                              W I T N E S S E T H:
                              --------------------

         WHEREAS, the Board of Directors of the Company on June 4, 1996 (the
"Rights Dividend Declaration Date") authorized and declared a dividend
distribution (the "Distribution") of one Right for each outstanding share of the
Common Stock, without par value, of the Company (the "Common Stock") outstanding
at the close of business on July 29, 1996 (the "Record Date") and has authorized
the issuance of one Right (as such number may hereinafter be adjusted pursuant
to the provisions of Section 11(i) hereof) in respect of each share of Common
Stock issued (whether originally issued or delivered from the Company's treasury
shares) between the Record Date and the earlier of the Distribution Date or the
Expiration Date (as such terms are hereinafter defined), each Right initially
representing the right to purchase, under certain circumstances, one
one-hundredth of a share of Series B Preferred Stock having the rights, powers
and preferences set forth in the Articles of Amendment attached hereto as
Exhibit A, upon the terms and subject to the conditions hereinafter set forth
(the "Rights");

         NOW, THEREFORE, in consideration of the premises and the mutual
agreements herein set forth, the parties hereby agree as follows:

         SECTION 1. CERTAIN DEFINITIONS. For purposes of this Agreement, the
following terms have the meanings indicated:

                  (a) "Acquiring Person" shall mean any Person (as such term is
         hereinafter defined) who or which, together with all Affiliates (as
         such term is hereinafter defined) and Associates (as such term is
         hereinafter defined) of such Person, shall be the Beneficial Owner (as
         such term is hereinafter defined) of securities of the Company
         constituting a Substantial Block (as such term is hereinafter defined),
         but shall not include (i) the Company, any Subsidiary (as such term is
         hereinafter defined) of the Company, any employee benefit plan of the
         Company or of any Subsidiary of the Company or any Person organized,
         appointed or established by the Company or any Subsidiary of the
         Company for or pursuant to the terms of any such plan (the Persons
         described in this clause (i) are herein referred to as "Exempt
         Persons"), (ii) any Person who or which, together with all Affiliates
         and Associates of such Person, becomes the Beneficial Owner of a
         Substantial Block solely as a result of a change in the aggregate
         number of shares

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         of the Common Stock or other voting securities of the Company
         outstanding since the last date on which such Person acquired
         Beneficial Ownership of any securities of the Company constituting
         such Substantial Block, or (iii) any Person who or which, together with
         all Affiliates and Associates of such Person, becomes the Beneficial
         Owner of a Substantial Block in the good faith belief that such
         acquisition would not (x) cause such Person and its Affiliates and
         Associates to become the Beneficial Owner of a Substantial Block and
         such Person relied in good faith in computing the percentage of its
         voting power on publicly filed reports or documents of the Company
         which are inaccurate or out-of-date or (y) otherwise cause a
         Distribution Date or the adjustment provided for in Section 11(a) to
         occur. Notwithstanding clause (iii) of the prior sentence, if any
         Person that is not an Acquiring Person due to such clause (iii) does
         not cease to be the Beneficial Owner of a Substantial Block by the
         close of business on the last Business Day of a period to be determined
         by the Board of Directors of the Company and specified in a notice from
         the Company that such Person is the Beneficial Owner of a Substantial
         Block, such Person shall, at the end of such specified period, become
         an Acquiring Person (and such clause (iii) shall no longer apply to
         such Person). No failure by the Board of Directors of the Company to
         give such notice for a period of time, and no notice specifying a
         particular time period by which such Person must cease to be the
         Beneficial Owner of a Substantial Block, shall be deemed a waiver of
         the right of the Board of Directors to subsequently give or modify such
         notice. For purposes of this definition, the determination whether any
         Person acted in "good faith" shall be conclusively determined by the
         Board of Directors of the Company, acting by a vote of those directors
         of the Company whose approval would be required to redeem the Rights
         under Section 23 hereof.

                  (b) "Act" shall have the meaning set forth in Section 9(c)
         hereof.

                  (c) "Adjustment Shares" shall have the meaning set forth in
         Section 11(a)(ii) hereof.

                  (d) "Affiliate" and "Associate" shall have the respective
         meanings ascribed to such terms in Rule 12b-2 of the General Rules and
         Regulations under the Exchange Act, as in effect on the date hereof.

                  (e) "Agreement" shall have the meaning set forth in the
         introduction hereto.

                  (f) A Person shall be deemed the "Beneficial Owner" of and
         shall be deemed to "beneficially own" any securities:

                           (i) which such Person or any of such Person's
                  Affiliates or Associates has, directly or indirectly, the
                  right to acquire (whether such right is exercisable
                  immediately or only after the passage of time or upon the
                  occurrence of an event) pursuant to any agreement, arrangement
                  or understanding (whether or not in writing), or upon the
                  exercise of conversion rights, exchange rights, rights,

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                  warrants or options, or otherwise; provided, however, that a
                  Person shall not be deemed the "Beneficial Owner" of, or to
                  "beneficially own," (1) securities tendered pursuant to a
                  tender or exchange offer made by such Person or any of such
                  Person's Affiliates or Associates until such tendered
                  securities are accepted for purchase or exchange, (2)
                  securities issuable upon exercise of Rights at any time prior
                  to the occurrence of a Triggering Event, or (3) securities
                  issuable upon exercise of Rights from and after the occurrence
                  of a Triggering Event (as such term is hereinafter defined),
                  which Rights were acquired by such Person or any of such
                  Person's Affiliates or Associates prior to the Distribution
                  Date or pursuant to Section 3(a) hereof ("Original Rights") or
                  pursuant to Section 11(i) or Section 22 hereof in connection
                  with an adjustment made with respect to any Original Rights;
                  or

                           (ii) which such Person or any of such Person's
                  Affiliates or Associates has, directly or indirectly, the
                  right to vote or dispose of or has "beneficial ownership" of
                  (as determined pursuant to Rule 13d-3 of the General Rules and
                  Regulations under the Exchange Act), including pursuant to any
                  agreement, arrangement or understanding (whether or not in
                  writing); provided, however, that a Person shall not be deemed
                  the Beneficial Owner of, or to "beneficially own," any
                  security under this subparagraph (ii) if the agreement,
                  arrangement or understanding to vote such security (1) arises
                  solely from a revocable proxy given in response to a public
                  proxy or consent solicitation made pursuant to, and in
                  accordance with, the applicable rules and regulations of the
                  Exchange Act and (2) is not then reportable on Schedule 13D
                  under the Exchange Act (or any comparable or successor
                  report);

                           (iii) which are beneficially owned, directly or
                  indirectly, by any other Person with which such Person or any
                  of such Person's Affiliates or Associates has any agreement,
                  arrangement or understanding (whether or not in writing) for
                  the purpose of acquiring, holding, voting (except pursuant to
                  a revocable proxy as described in the proviso to subparagraph
                  (ii) of this paragraph (f)) or disposing of any securities of
                  the Company; or

                           (iv) which are directly, indirectly or constructively
                  owned by such Person or any of such Person's Affiliates or
                  Associates, within the meaning of Section 958 of the Internal
                  Revenue Code of 1986, as amended.

                  Notwithstanding the foregoing, nothing contained in this
         definition shall cause a Person ordinarily engaged in business as an
         underwriter of securities to be the "Beneficial Owner" of, or to
         "beneficially own", any securities acquired in a bona fide firm
         commitment underwriting pursuant to an underwriting agreement with the
         Company.

                  (g) "Business Day" shall mean any day other than a Saturday,
         Sunday, or a day on which banking institutions in either the State of
         Ohio or the state (if other than Ohio)

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         in which the principal office of the Rights Agent are authorized or
         obligated by law or executive order to close.

                  (h) "Certification" shall have the meaning set forth in
         Section 18 hereof.

                  (i) "close of business" on any given date shall mean 5:00
         P.M., Akron time, on such date; provided, however, if such date is not
         a Business Day it shall mean 5:00 P.M., Akron time, on the next
         succeeding Business Day.

                  (j) "Common Stock" when used with reference to the Company
         shall mean the Common Stock, without par value, of the Company. "Common
         Stock" when used with reference to any Person other than the Company
         shall mean the capital stock with the greatest voting power of such
         Person or the equity securities or other equity interest having power
         to control or direct the management of such Person.

                  (k) "common stock equivalent" shall have the meaning set forth
         in Section 11(a)(iii).

                  (l) "Company" shall mean The Goodyear Tire & Rubber Company,
         an Ohio corporation.

                  (m) "Current Value" shall have the meaning set forth in
         Section 11(a)(iii) hereof.

                  (n) "current market price" shall have the meaning set forth in
         Section 11(d) hereof.

                  (o) "Distribution" shall have the meaning set forth in the
         recitals hereto.

                  (p) "Distribution Date" shall mean the earlier of (i) the
         close of business on the tenth Business Day after the Shares
         Acquisition Date (or, if the tenth Business Day after the Shares
         Acquisition Date occurs before the Record Date, the close of business
         on the Record Date) or (ii) the close of business on the tenth
         Business Day after the date of the commencement of, or first public
         announcement of the intent of any Person to commence, a tender or
         exchange offer if, upon consummation thereof, such Person would be an
         Acquiring Person.

                  (q) "Exchange Act" shall mean the Securities Exchange Act of
         1934, as amended.

                  (r) "Exchange Ratio" shall have the meaning set forth in
         Section 24(a) hereof.

                  (s) "Expiration Date" shall mean the earlier of (i) the Final
         Expiration Date, (ii) the time at which the Rights are redeemed as
         provided in Section 23 hereof, or (iii) the time at which all
         exercisable Rights are exchanged as provided in Section 24 hereof.

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                  (t) "Final Expiration Date" shall mean the close of business
         on July 29, 2006.

                  (u) "Independent Director" shall mean any member of the Board
         of Directors of the Company, while such person is a member of the
         Board, who is not an Acquiring Person, or an Affiliate or Associate of
         an Acquiring Person, or a representative or nominee of an Acquiring
         Person or of any such Affiliate or Associate, and was a member of the
         Board prior to the time that any Person becomes an Acquiring Person,
         and any successor of an Independent Director, while such successor is a
         member of the Board, who is not an Acquiring Person or an Affiliate or
         Associate of an Acquiring Person, or a representative or nominee of an
         Acquiring Person or of any such Affiliate or Associate, and is
         recommended or elected to succeed the Independent Director by a
         majority of the Independent Directors.

                  (v) "Original Rights" shall have the meaning set forth in the
         definition of "Beneficial Owner" above.

                  (w) "Person" shall mean any individual, firm, corporation,
         partnership, association, joint stock company, trust, business trust,
         government or political subdivision, any unincorporated organization,
         or any other association or entity, including any "group" within the
         meaning of Section 13(d)(3) of the Exchange Act and the General Rules
         and Regulations thereunder.

                  (x) "Preferred Stock" shall mean shares of Series B Preferred
         Stock, without par value, of the Company having the rights and
         preferences set forth in the form of Certificate of Amendment To
         Amended Articles of Incorporation attached to this Agreement as
         Exhibit A.

                  (y) "Principal Party" shall have the meaning set forth in
         Section 13(b) hereof.

                  (z) "Purchase Price" shall mean initially $250 per one
         one-hundredth of a share of Preferred Stock and shall be subject to
         adjustment from time to time as provided in this Agreement.

                  (aa) "Record Date" shall mean the close of business on July
         29, 1996.

                  (bb) "Redemption Price" shall have the meaning set forth in
         Section 23(a) hereof.

                  (cc) "Right Certificate" shall have the meaning set forth in
         Section 3(a) hereof.

                  (dd) "Rights" shall have the meaning set forth in the recitals
         hereto.

                  (ee) "Rights Agent" shall mean First Chicago Trust Company of
         New York, and its successors and assigns.

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                  (ff) "Rights Dividend Declaration Date" shall mean June 4,
         1996.

                  (gg) "Section 11(a)(ii) Event" shall mean any event described
         in Section 11(a)(ii).

                  (hh) "Section 11(a)(ii) Trigger Date" shall have the meaning
         set forth in Section 11(a)(iii).

                  (ii) "Section 13 Event' shall mean any event described in
         Section 13(a).

                  (jj) "Shares Acquisition Date" shall mean the first date of
         public announcement (which, for purposes of this definition, includes a
         report filed pursuant to Section 13(d) of the Exchange Act) by the
         Company or an Acquiring Person that an Acquiring Person has become
         such.

                  (kk) "Spread" shall have the meaning set forth in Section
         11(a)(iii) hereof.

                  (ll) "Subsidiary" shall mean, with reference to any Person,
         any corporation (or other legal entity) of which an amount of voting
         securities (or comparable ownership interests) sufficient to elect at
         least a majority of the directors (or comparable persons) of such
         corporation (or other legal entity) is beneficially owned or otherwise
         controlled, directly or indirectly, by such Person.

                  (mm) "Substantial Block" shall mean a number of shares of the
         Common Stock equal to or in excess of 15% of the number of shares of
         the Common Stock then outstanding.

                  (nn) "Substitution Period" shall have the meaning set forth in
         Section 11(a)(iii) hereof.

                  (oo) "Summary of Rights" shall have the meaning set forth in
         Section 3(b) hereof.

                  (pp) "Trading Day" shall have the meaning set forth in Section
         11(d) hereof.

                  (qq) "Triggering Event" shall mean any Section 11(a)(ii) Event
         or Section 13 Event.

                  (rr) "Voting Shares" shall mean all capital stock of the
         Company authorized to be issued from time to time under the Amended
         Articles of Incorporation of the Company which by its terms may be
         voted on all matters submitted to shareholders of the Company
         generally.

         SECTION 2. APPOINTMENT OF RIGHTS AGENT. The Company hereby appoints the
Rights Agent to act as agent for the Company in accordance with the terms and
conditions

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hereof, and the Rights Agent hereby accepts such appointment. The Company may
from time to time act as Co-Rights Agent and may from time to time, upon ten
calendar days' written notice to the Rights Agent, appoint such other Co-Rights
Agents as it may deem necessary or desirable. In no event shall the Rights Agent
have any duty to supervise or in any way be liable for such Co-Rights Agents.

         SECTION 3. ISSUE OF RIGHT CERTIFICATES. (a) Until the Distribution
Date, (i) the Rights will be evidenced (subject to the provisions of paragraph
(b) of this Section 3) by the certificates for the Common Stock registered in
the names of the holders of the Common Stock (which certificates for the Common
Stock shall be deemed also to be Right Certificates) and not by separate Right
Certificates, and (ii) the right to receive Right Certificates will be
transferable only in connection with the transfer of the Common Stock. As soon
as practicable after receipt by the Rights Agent of written notice from the
Company of the Distribution Date, the Rights Agent, at the Company's expense,
will send by first-class, postage prepaid mail, to each record holder of the
Common Stock as of the close of business on the Distribution Date, at the
address of such holder shown on the records of the Company, a Right Certificate,
in substantially the form of Exhibit B hereto, evidencing one Right for each
share of the Common Stock so held, subject to adjustment as provided herein. As
of and after the close of business on the Distribution Date, the Rights will be
evidenced solely by such Right Certificates.

         (b) As soon as practicable following the Record Date, the Company will
send a copy of a Summary of Rights to Purchase Common Stock, in substantially
the form attached hereto as Exhibit C (the "Summary of Rights"), by prepaid
mail, to each record holder of the Common Stock as of the close of business on
the Record Date, at the address of such holder shown on the records of the
Company. With respect to certificates for the Common Stock outstanding as of the
Record Date, until the Distribution Date, the Rights will be evidenced by such
certificates for the Common Stock, and the registered holders of the Common
Stock shall also be the registered holders of the associated Rights. Until the
Distribution Date (or earlier redemption or expiration of the Rights), the
surrender for transfer of any of the certificates for the Common Stock
outstanding on the Record Date shall also constitute the transfer of the Rights
associated with the Common Stock represented by such certificate.

         (c) Rights shall be issued in respect of all shares of Common Stock
issued after the Record Date but prior to the earlier of the Distribution Date
or the Expiration Date, or, in certain circumstances provided in Section 22
hereof, after the Distribution Date. Certificates representing such shares of
Common Stock shall have impressed on, printed on, written on or otherwise
affixed to them the following legend:

                  This certificate also evidences and entitles the holder hereof
         to certain Rights as set forth in a Rights Agreement between THE
         GOODYEAR TIRE & RUBBER COMPANY and FIRST CHICAGO TRUST COMPANY OF NEW
         YORK, as Rights Agent, dated as of June 4, 1996 (the "Rights
         Agreement"), the terms of which are hereby incorporated herein by
         reference and a copy of which is on file at the principal executive
         offices of THE GOODYEAR TIRE &

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         RUBBER COMPANY. Under certain circumstances, as set forth in the Rights
         Agreement, such Rights will be evidenced by separate certificates and
         will no longer be evidenced by this certificate. THE GOODYEAR TIRE &
         RUBBER COMPANY will mail to the holder of this certificate a copy of
         the Rights Agreement (as in effect on the date of mailing) without
         charge promptly after receipt of a written request therefor. Under
         certain circumstances, Rights which are or were beneficially owned by
         Acquiring Persons or their Affiliates or Associates (as such terms are
         defined in the Rights Agreement), and any subsequent holder of such
         Rights, may become null and void.

         After the due execution of any supplement or amendment to this
Agreement in accordance with the terms hereof, the reference to this Agreement
in the foregoing legend shall mean the Agreement as so supplemented or amended.
Until the Distribution Date, the Rights associated with the Common Stock
represented by certificates containing the foregoing legend shall be evidenced
by such certificates alone, and the surrender for transfer of any of such
certificates shall also constitute the transfer of the Rights associated with
the Common Stock represented by such certificate.

         SECTION 4. FORM OF RIGHT CERTIFICATES. (a) The Right Certificates (and
the forms of election to purchase shares and of assignment to be printed on the
reverse thereof) shall be substantially the same as Exhibit B hereto and may
have such marks of identification or designation and such legends, summaries or
endorsements printed thereon as the Company may deem appropriate and as are not
inconsistent with the provisions of this Agreement, or as may be required to
comply with any applicable law or with any rule or regulation made pursuant
thereto or with any rule or regulation of any stock exchange on which the Rights
may from time to time be listed, or to conform to usage. The Right Certificates
shall be in machine-printable format and in a form reasonably satisfactory to
the Rights Agent. Subject to the provisions of Section 11 and Section 22 hereof,
the Right Certificates, whenever distributed, shall be dated as of the Record
Date, shall show the date of countersignature, and on their face shall entitle
the holders thereof to purchase such number of one one-hundredth of a share of
Preferred Stock (or following a Triggering Event, Common Stock, other
securities, cash or other assets, as the case may be) as shall be set forth
therein at the Purchase Price per share set forth therein, but the number of
such shares and the Purchase Price shall be subject to adjustment as provided
herein.

         (b) Any Right Certificate issued pursuant to Section 3(a), 6, 7(e),
11(i) or 22 hereof that represents Rights beneficially owned by: (i) an
Acquiring Person or any Associate or Affiliate of an Acquiring Person, (ii) a
transferee of an Acquiring Person (or of any such Associate or Affiliate) who
becomes a transferee after the Acquiring Person becomes such, or (iii) a
transferee of an Acquiring Person (or of any such Associate or Affiliate) who
becomes a transferee prior to or concurrently with the Acquiring Person becoming
such and receives such Rights pursuant to either (A) a transfer (whether or not
for consideration) from the Acquiring Person to holders of equity interests in
such Acquiring Person or to any Person with whom such Acquiring Person has any
continuing agreement, arrangement or understanding (whether or not in writing)
regarding the transferred Rights or (B) a transfer which the Board of Directors
of the

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Company has determined is part of a plan, arrangement or understanding (whether
or not in writing) which has as a primary purpose or effect avoidance of Section
7(e) hereof, and any Right Certificate issued pursuant to Section 6, Section 11
or Section 22 hereof upon transfer, exchange, replacement or adjustment of any
other Right Certificate referred to in this sentence, shall contain (to the
extent feasible) the following legend:

                  The Rights represented by this Right Certificate are or were
         beneficially owned by a Person who was or became an Acquiring Person or
         an Affiliate or Associate of an Acquiring Person (as such terms are
         defined in the Rights Agreement). Accordingly, this Right Certificate
         and the Rights represented hereby may become null and void in the
         circumstances specified in Section 7(e) of the Rights Agreement.

         SECTION 5. COUNTERSIGNATURE AND REGISTRATION. (a) The Right
Certificates shall be executed on behalf of the Company in the manner provided
in the Code of Regulations of the Company for Common Stock certificates. The
Right Certificates shall be manually countersigned by an authorized signatory of
the Rights Agent and shall not be valid for any purpose unless so countersigned.
In case any officer of the Company who shall have signed any of the Right
Certificates shall cease to be such officer of the Company before
countersignature by the Rights Agent and issuance and delivery by the Company,
such Right Certificates, nevertheless may be countersigned by the Rights Agent,
issued and delivered with the same force and effect as though the person who
signed such Right Certificates had not ceased to be such officer of the Company;
and any Right Certificate may be signed on behalf of the Company by any person
who, at the actual date of the execution of such Right Certificate, shall be a
proper officer of the Company to sign such Right Certificate, although at the
date of the execution of this Rights Agreement any such person was not such an
officer.

         (b) Following the Distribution Date, the Rights Agent will keep or
cause to be kept, at its office designated for such purpose, books for
registration and transfer of the Right Certificates issued hereunder. Such books
shall show the names and addresses of the respective holders of the Right
Certificates, the number of Rights evidenced on its face by each of the Right
Certificates and the date of each of the Right Certificates.

         SECTION 6. TRANSFER, SPLIT UP, COMBINATION AND EXCHANGE OF RIGHT
CERTIFICATES; MUTILATED, DESTROYED, LOST OR STOLEN RIGHT CERTIFICATES. (a)
Subject to the provisions of Section 4(b), 7(e) and Section 14 hereof, at any
time after the close of business on the Distribution Date, and at or prior to
the close of business on the Expiration Date, any Right Certificate or
Certificates may be transferred, split up, combined or exchanged for another
Right Certificate or Right Certificates, entitling the registered holder to
purchase a like number of one one-hundredths of a share of Preferred Stock (or
following a Triggering Event, Common Stock, other securities, cash or other
assets, as the case may be) as the Right Certificate or Right Certificates
surrendered then entitled such holder (or former holder in the case of a
transfer) to purchase. Any registered holder desiring to transfer, split up,
combine or exchange any Right Certificates shall make such request in writing
delivered to the Rights Agent, and shall surrender

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the Right Certificate or Right Certificates to be transferred, split up,
combined or exchanged at the principal office of the Rights Agent for such
purpose. Neither the Rights Agent nor the Company shall be obligated to take any
action whatsoever with respect to the transfer of any such surrendered Right
Certificate until the registered holder shall have completed and signed the
certificate contained in the form of assignment on the reverse side of such
Right Certificate and shall have provided such additional evidence of the
identity of the Beneficial Owner or former Beneficial Owner or Affiliates or
Associates of such Beneficial, or of any other Person with which such holder or
any of such holder's Affiliates or Associates has any agreement, arrangement or
understanding (whether or not in writing) for the purpose of acquiring, holding,
voting or disposing of securities of the Company, as the Company shall
reasonably request. Thereupon the Rights Agent shall, subject to Section 4(b),
Section 7(e), Section 14 and Section 20(k) hereof, countersign and deliver to
the Person entitled thereto a Right Certificate or Right Certificates, as the
case may be, as so requested. The Company may require payment from a Right
Certificates holder of a sum sufficient to cover any tax or governmental charge
that may be imposed in connection with any transfer, split up, combination or
exchange of Right Certificates.

         (b) Upon receipt by the Company and the Right's Agent of evidence
reasonably satisfactory to them of the loss, theft, destruction or mutilation of
a Right Certificate, and, in case of loss, theft or destruction, of indemnity or
security reasonably satisfactory to them, along with a signature guarantee and
such other and further documentation as the Rights Agent may reasonably request,
and if requested by the Company, reimbursement to the Company and the Rights
Agent of all reasonable expenses incidental thereto, and upon surrender to the
Rights Agent and cancellation of the Right Certificate if mutilated, the Company
will make and deliver a new Right Certificate of like tenor to the Rights Agent
for delivery to the registered owner in lieu of the Right Certificate so lost,
stolen, destroyed or mutilated.

         SECTION 7. EXERCISE OF RIGHTS; PURCHASE PRICE; EXPIRATION DATE OF
RIGHTS.

         (a) Subject to Section 7(e) hereof, the registered holder of any Right
Certificate may exercise the Rights evidenced thereby (except as otherwise
provided herein, including, without limitation, the restrictions on
exercisability set forth in Sections 9(c), 11(a)(iii), 23(a) and 24(b) hereof)
in whole or in part at any time after the Distribution Date upon surrender of
the Right Certificate, with the form of election to purchase on the reverse side
thereof duly executed, to the Rights Agent at the office of the Rights Agent
designated for such purpose, together with payment of the aggregate Purchase
Price for the total number of one one-hundredths of a share of Preferred Stock
(or other securities, cash or other assets, as the case may be) as to which such
surrendered Rights are then exercisable, at or prior to the Expiration Date.

         (b) The Purchase Price for each one one-hundredth of a share of
Preferred Stock pursuant to the exercise of a Right shall initially be $250.00,
shall be subject to adjustment from time to time as provided in Sections 11 and
13 hereof and shall be payable in lawful money of the United States of America
in accordance with Section 7(c) below.

                                       10

<PAGE>

         (c) Upon receipt of a Right Certificate representing exercisable
Rights, with the form of election to purchase and the certificate on the reverse
side thereof duly executed and completed accompanied by payment of the Purchase
Price per one one-hundredth of a share of Preferred Stock (or other securities,
cash or other assets, as the case may be) to be purchased and an amount equal to
any applicable transfer tax in cash, or by certified check or bank draft payable
to the order of the Company, the Rights Agent shall thereupon, subject to
Section 20(k) hereof, thereupon promptly (i) requisition from the Company
certificates for the total number of one one-hundredths of a share of Preferred
Stock to be purchased, (ii) if the Company shall have elected to deposit the
total number of shares of Preferred Stock issuable upon exercise of the Rights
hereunder with a depositary agent, requisition from the depositary agent
depositary receipts representing such number of one one-hundredths of a share of
Preferred Stock as are to be purchased (in which case certificates for the
shares of Preferred Stock represented by such receipts shall be deposited by the
transfer agent with the depositary agent) and the Company hereby directs the
depositary agent to comply with such request, (iii) when appropriate,
requisition from any transfer agent of the Common Stock of the Company
certificates for the total number of shares of Common Stock to be paid in
accordance with Section 11(a)(i) and 11(a)(iii), (iv) when appropriate,
requisition from the Company the amount of cash to be paid in lieu of issuance
of fractional shares in accordance with Section 14, (v) promptly after receipt
of such certificates or depositary receipts, cause the same to be delivered to
or upon the order of the registered holder of such Right Certificate, registered
in such name or names as may be designated by such holder, and (vi) when
appropriate, after receipt promptly deliver such cash to or upon the order of
the registered holder of such Right Certificate. The payment of the then
Purchase Price must be made in cash or by certified bank check or bank draft or
money order payable to the order of the Company. In the event that the Company
is obligated to issue other securities (including Common Stock), pay cash or
distribute other property pursuant to Section 11(a) hereof, the Company will
make all arrangements necessary so that such other securities, cash or other
property are available for distribution or payment by the Rights Agent, if and
when appropriate.

         (d) In case the registered holder of any Right Certificate shall
exercise less than all the Rights evidenced thereby, a new Right Certificate
evidencing Rights equivalent to the Rights remaining unexercised shall be issued
by the Rights Agent to the registered holder of such Right Certificate or to his
duly authorized assigns, subject to the provisions of Section 14 hereof.

         (e) Notwithstanding anything in this Agreement to the contrary, from
and after the first occurrence of a Section 11(a)(ii) Event, any Rights
beneficially owned by (i) an Acquiring Person or an Associate or Affiliate of an
Acquiring Person, (ii) a transferee of an Acquiring Person (or of any such
Associate or Affiliate) who becomes a transferee after the Acquiring Person
becomes such, or (iii) a transferee of an Acquiring Person or of any such
Associate or Affiliate who becomes a transferee prior to or concurrently with
the Acquiring Person becoming such and receives such Rights pursuant to either
(A) a transfer (whether or not for consideration) from the Acquiring Person to
holders of equity interests in such Acquiring Person or to any Person which whom
the Acquiring Person has any continuing agreement, arrangement or understanding
(whether or not in writing) regarding the transferred Rights or (B) a transfer

                                       11

<PAGE>

which the Board of Directors of the Company has determined is part of a plan,
arrangement or understanding (whether or not in writing) which has as a primary
purpose or effect the avoidance of this Section 7(e), shall become null and void
without any further action and no holder of such Rights shall have any rights
whatsoever with respect to such Rights, whether under any provision of this
Agreement or otherwise. The Company shall use all reasonable efforts to insure
that the provisions of this Section 7(e) and Section 4(b) hereof are complied
with, but shall have no liability to any holder of Right Certificates or other
Person as a result of its failure to make any determinations with respect to an
Acquiring Person, or any of its Affiliates, Associates or transferees hereunder.

         (f) Notwithstanding anything in this Agreement to the contrary, neither
the Rights Agent nor the Company shall be obligated to undertake any action with
respect to a registered holder upon the occurrence of any purported exercise as
set forth in this Section 7 unless such registered holder shall have (i)
completed and signed the certificate contained in the form of election to
purchase set forth on the reverse side of the Right Certificate surrendered for
such exercise, and (ii) provided such additional evidence of the identity of the
Beneficial Owner (or former Beneficial Owner), Affiliates or Associates, or of
any other Person with which such holder or any of such holder's Affiliates or
Associates has any agreement, arrangement or understanding (whether or not in
writing) for the purpose of acquiring, holding, voting or disposing of any
securities of the Company, as the Company shall reasonably request.

         SECTION 8. CANCELLATION AND DESTRUCTION OF RIGHT CERTIFICATES. All
Right Certificates surrendered for the purpose of exercise, transfer, split up,
combination or exchange shall, if surrendered to the Company or to any of its
agents, be delivered to the Rights Agent for cancellation or in canceled form,
or, if surrendered to the Rights Agent, shall be canceled by it, and no Right
Certificates shall be issued in lieu thereof except as expressly permitted by
any of the provisions of this Rights Agreement. The Company shall deliver to the
Rights Agent for cancellation and retirement, and the Rights Agent shall so
cancel and retire, any other Right Certificate purchased or acquired by the
Company otherwise than upon the exercise thereof. The Rights Agent shall deliver
all canceled Right Certificates to the Company, or shall, at the written request
of the Company, destroy such canceled Right Certificates, and in such case shall
deliver a certificate of destruction thereof to the Company.

         SECTION 9. RESERVATION AND AVAILABILITY OF SHARES OF CAPITAL STOCK. The
Company covenants and agrees that:

         (a) It will, subject to Section 11(a)(iii), prior to the Distribution
Date, seek to cause to be reserved and kept available out of its authorized and
unissued Preferred Stock (and, following the occurrence of a Triggering Event,
out of its authorized and unissued shares of Common Stock or its authorized and
issued Common Stock held in treasury and/or other securities), the number of
shares of Preferred Stock (and, following the occurrence of a Triggering Event,
Common Stock and/or other securities) that, as provided in this Agreement, will
be sufficient to permit the exercise in full of all outstanding Rights (it being
understood that any of the foregoing shares or securities may also be reserved
for other purposes) or will take such other

                                       12

<PAGE>

steps as are appropriate to assure that the number of such shares or securities
(or their equivalents) sufficient to permit the exercise in full of all
outstanding Rights will be available upon such exercise.

         (b) So long as Preferred Stock (and, following the occurrence of a
Triggering Event, Common Stock and/or other securities) issuable upon the
exercise of Rights may be listed on any national securities exchange, it will
use its best efforts to cause, from and after such time as the Rights become
exercisable, all shares reserved for such issuance to be listed on such exchange
upon official notice of issuance upon such exercise.

         (c) It will use its best efforts to (i) file, as soon as practicable
following the first occurrence of a section 11(a)(ii) Event, or as soon as
required by law, as the case may be, a registration statement under the
Securities Act of 1933, as amended (the "Act"), with respect to the securities
purchasable upon exercise of the Rights on an appropriate form, (ii) cause such
registration statement to become effective as soon as practicable after such
filing, and (iii) cause such registration statement to remain effective (with a
prospectus at all times meeting the requirements of the Act) until the earlier
of (A) the date as of which the Rights are no longer exercisable for such
securities, and (B) the Expiration Date. The Company will also take such action
as may be appropriate under the blue sky laws of the various states. The Company
may temporarily suspend, for a period of time not to exceed ninety (90) days
after the date set forth in clause (i) of the first sentence of this Section
9(c), the exercisability of the Rights in order to prepare and file such
registration statement and permit it to become effective. Upon any such
suspension, the Company shall issue a public announcement and shall give
simultaneous written notice to the Rights Agent stating that the exercisability
of the Rights has been temporarily suspended, as well as a public announcement
and notice to the Rights Agent at such time as the suspension is no longer in
effect. Notwithstanding any provision of this Agreement to the contrary, the
Rights shall not be exercisable in any jurisdiction unless the requisite
qualifications in such jurisdiction shall have been obtained. Unless otherwise
notified in writing by the Company, the Rights Agent may assume that any Right
exercised is permitted to be exercised under applicable law and shall have no
liability for acting in reliance upon such assumptions.

         (d) It will take all such action as may be necessary to ensure that all
one one-hundredths of a share of Preferred Stock (and following the occurrence
of a Triggering Event, Common Stock and/or other securities) delivered upon
exercise of Rights shall, at the time of delivery of the certificates for such
shares (subject to payment of the Purchase Price), be duly and validly
authorized and issued and fully paid and nonassessable.

         (e) It will pay when due and payable any and all federal and state
transfer taxes and charges which may be payable in respect of the issuance or
delivery of the Right Certificates or of any one one-hundredths of a share of
Preferred Stock (or Common Stock and/or other securities, as the case may be)
upon the exercise of Rights. The Company shall not, however, be required (a) to
pay any transfer tax which may be payable in respect of any transfer involved in
the transfer or delivery of Right Certificates or the issuance or delivery of
certificates for the one one-hundredths of a share of Preferred Stock (or Common
Stock and/or other securities, as

                                       13

<PAGE>

the case may be) in a name other than that of the registered holder of the Right
Certificate evidencing Rights surrendered for exercise or (b) to issue or
deliver any certificates for one one-hundredths of a share of Preferred Stock
(or Common Stock and/or other securities, as the case may be) upon the exercise
of any Rights until any such tax shall have been paid (any such tax being
payable by the holder of such Right Certificate at the time of surrender) or
until it has been established to the Company's satisfaction that no such tax is
due.

         SECTION 10. PREFERRED STOCK RECORD DATE. Each Person in whose name any
certificate for a number of one one-hundredths of a share of Preferred Stock (or
shares of Common Stock and/or other securities, as the case may be) is issued
upon the exercise of Rights shall for all purposes be deemed to have become the
holder of record of such fractional shares of the Preferred Stock (or shares of
Common Stock and/or other securities, as the case may be) represented thereby
on, and such certificate shall be dated, the date upon which the Right
Certificate evidencing such Rights was duly surrendered and payment of the
Purchase Price (and any applicable transfer taxes) was made; provided, however,
that if the date of such surrender and payment is a date upon which the
Preferred Stock (or Common Stock and/or other securities, as the case may be)
transfer books of the Company are closed, such Person shall be deemed to have
become the record holder of such shares (fractional or otherwise) on, and such
certificate shall be dated, the next succeeding Business Day on which the
Preferred Stock (or Common Stock and/or other securities, as the case may be)
transfer books of the Company are open. Prior to the exercise of the Rights
evidenced thereby, the holder of a Right Certificate shall not be entitled to
any rights of a shareholder of the Company with respect to shares for which the
Rights shall be exercisable, including, without limitation, the right to vote,
to receive dividends or other distributions or to exercise any preemptive
rights, and shall not be entitled to receive any notice of any proceedings of
the Company, except as provided herein.

         SECTION 11. ADJUSTMENT OF PURCHASE PRICE, NUMBER OF SHARES OR NUMBER OF
RIGHTS. The Purchase Price, the number of shares covered by each Right and the
number of Rights outstanding are subject to adjustment from time to time as
provided in this Section 11.

         (a) (i) In the event the Company shall at any time after the Rights
Dividend Declaration Date (A) declare a dividend on the Preferred Stock payable
in shares of the Preferred Stock, (B) subdivide the outstanding Preferred
Stock, (C) combine the outstanding Preferred Stock into a smaller number of
shares or (D) issue any shares of its capital stock in a reclassification of
the Preferred Stock (including any such reclassification in connection with a
combination, consolidation or merger in which the Company is the continuing or
surviving corporation), except as otherwise provided in this Section 11(a) and
Section 7(e) hereof, the Purchase Price in effect at the time of the record
date for such dividend or of the effective date of such subdivision,
combination or reclassification, and the number and kind of shares of Preferred
Stock or capital stock, as the case may be, issuable on such date, shall be
proportionately adjusted so that the holder of any Right exercised after such
time shall be entitled to receive upon payment of the Purchase Price then in
effect the aggregate number and kind of shares of Preferred Stock or capital
stock, as the case may be, which, if such Right had been exercised immediately
prior to such date and at a time when the Preferred Stock transfer books of the

                                       14

<PAGE>
Company were open, he would have owned upon such exercise and been entitled to
receive by virtue of such dividend, subdivision, combination or
reclassification. If an event occurs which would require an adjustment under
both this Section 11(a)(i) and Section 11(a)(ii), the adjustment provided for
in this Section 11(a)(i) shall be in addition to, and shall be made prior to,
any adjustment required pursuant to Section 11(a)(ii) hereof.

         (ii) Subject to Section 24 of this Agreement, in the event any Person,
alone or together with its Affiliates and Associates, becomes at any time after
the Rights Dividend Declaration Date an Acquiring Person, except as the result
of a transaction set forth in Section 13(a) hereof, then, prior to the date on
which the Company's right of redemption pursuant to Section 23(a) expires (as
the same may be extended pursuant to Section 27) with respect to an event
described in this Section 11(a)(ii), proper provision shall be made so that each
holder of a Right, except as provided in Section 7(e) hereof, shall thereafter
have a right to receive, upon exercise thereof at the then current Purchase
Price in accordance with the terms of this Agreement, in lieu of shares of
Preferred Stock, such number of shares of the Common Stock of the Company as
shall equal the result obtained by (x) multiplying the then current Purchase
Price by the then number of one one-hundredths of a share of Preferred Stock for
which such Right is then exercisable and dividing that product by (y) 50% of the
current market price per share of the Common Stock of the Company (determined
pursuant to Section 11(d)) on the date of the occurrence of any one of the
events listed above in this subparagraph (ii) (such number of shares is
hereinafter referred to as the "Adjustment Shares"), provided that the Purchase
Price and the number of Adjustment Shares shall be further adjusted as provided
in this Agreement to reflect any events occurring after the date of such first
occurrence.

         (iii) In the event that the number of shares of the Common Stock which
are authorized by the Company's Amended Articles of Incorporation but not
outstanding or reserved for issuance for purposes other than upon exercise of
the Rights is not sufficient to permit the exercise in full of the Rights in
accordance with the foregoing subparagraph (ii), the Company shall (A) determine
the excess of (1) the value of the Adjustment Shares issuable upon the exercise
of a Right (the "Current Value") over (2) the Purchase Price (such excess, the
"Spread"), and (B) with respect to each Right, make adequate provision to
substitute for the Adjustment Shares, upon exercise of the Rights and payment of
the applicable Purchase Price, (1) cash, (2) a reduction in the Purchase Price,
(3) Common Stock or other equity securities of the Company (including, without
limitation, preference shares, or units of preference shares, which a majority
of the Independent Directors and the Board of Directors of the Company have
deemed to have the same value as the Common Stock (such preference shares,
"common stock equivalents")), (4) debt securities of the Company, (5) other
assets, or (6) any combination of the foregoing, having an aggregate value equal
to the Current Value, where such aggregate value has been determined by a
majority of the Independent Directors and the Board of Directors of the Company
based upon the advice of a nationally recognized investment banking firm
selected by the Board of Directors of the Company; provided, however, if the
Company shall not have made adequate provision to deliver value pursuant to
clause (B) above within thirty (30) days following the later of (x) the first
occurrence of a Section 11(a)(ii) Event and (y) the date on which the Company's
right of redemption pursuant to Section 23(a) expires, as the same may

                                       15

<PAGE>

be extended pursuant to Section 27 (the later of (x) and (y) being referred to
herein as the "Section 11(a)(ii) Trigger Date"), then the Company shall be
obligated to deliver, upon the surrender for exercise of a Right and without
requiring payment of the Purchase Price, shares of the Common Stock (to the
extent available) and then, if necessary, cash, which shares and/or cash have an
aggregate value equal to the Spread. If the Board of Directors of the Company
shall determine in good faith that it is likely that sufficient additional
shares of the Common Stock could be authorized for issuance upon exercise in
full of the Rights, the thirty (30) day period set forth above may be extended
to the extent necessary, but not more than ninety (90) days after the Section
11(a)(ii) Trigger Date, in order that the Company may seek shareholder approval
for the authorization of such additional shares (such period, as it may be
extended, the "Substitution Period"). To the extent that the Company determines
that some action need be taken pursuant to the first and/or second sentences of
this Section 11(a)(iii), the Company (u) shall provide, subject to section 7(e)
hereof, that such action shall apply uniformly to all outstanding Rights, and
(v) may suspend the exercisability of the Rights until the expiration of the
Substitution Period in order to seek any authorization of additional shares
and/or to decide the appropriate form of distribution to be made pursuant to
such first sentence and to determine the value thereof. In the event of any such
suspension, the Company will issue a public announcement and will give
concurrent written notice to the Rights Agent stating that the exercisability of
the Rights has been temporarily suspended, as well as a public announcement and
notice to the Rights Agent at such time as the suspension is no longer in
effect. For purposes of this Section 11(a)(iii), the value of the shares of the
Common Stock shall be the current market price (as determined pursuant to
Section 11(d) hereof) per share on the Section 11(a)(ii) Trigger Date and the
value of any "common stock equivalent' shall be deemed to be the same as the
value of the Common Stock on such date. The Company shall give the Rights Agent
notice of the selection of any "common stock equivalent" under this Section
11(a)(iii).

         (b) In the event that the Company shall fix a record date for the
issuance of rights, options or warrants to all holders of Preferred Stock
entitling them (for a period expiring within 45 calendar days after such record
date) to subscribe for or purchase Preferred Stock (or securities having
substantially the same or more favorable rights, privileges and preferences as
Preferred Stock ("preferred stock equivalents")) or securities convertible into
Preferred Stock or preferred stock equivalents at a price per share of Preferred
Stock or per share of preferred stock equivalents (or having a conversion price
per share, if a security convertible into Preferred Stock or preferred stock
equivalents) less than the current market price (as defined in Section 11(d)
hereof) per share of Preferred Stock on such record date, the Purchase Price to
be in effect after such record date shall be determined by multiplying the
Purchase Price in effect immediately prior to such record date by a fraction,
the numerator of which shall be the number of shares of the Preferred Stock
outstanding on such record date plus the number of shares of the Preferred Stock
which the aggregate offering price of the total number of shares of Preferred
Stock so to be offered (or the aggregate initial conversion price of the
convertible securities so to be offered) would purchase at such current market
price and the denominator of which shall be the number of shares of the
Preferred Stock outstanding on such record date plus the number of additional
shares of the Preferred Stock and preferred stock equivalents to be offered for
subscription or purchase (or into which the convertible securities so to be
offered are initially

                                       16

<PAGE>

convertible). In case such subscription price may be paid by delivery of
consideration part or all of which shall be in a form other than cash, the value
of such consideration shall be as determined in good faith by the Board of
Directors of the Company, whose determination shall be described in a statement
filed with the Rights Agent. Shares of Preferred Stock owned by or held for the
account of the Company shall not be deemed outstanding for the purpose of any
such computation. Such adjustment shall be made successively whenever such a
record date is fixed; and in the event that such rights, options or warrants are
not so issued, the Purchase Price shall be adjusted to be the Purchase Price
which would then be in effect if such record date had not been fixed.

         (c) In the event that Company shall fix a record date for the making of
a distribution to all holders of Preferred Stock (including any such
distribution made in connection with a combination, consolidation or merger in
which the Company is the continuing or surviving corporation) of evidences of
indebtedness, cash (other than a regular periodic cash dividend out of the
retained earnings of the Company at a rate not in excess of 125% of the last
cash dividend theretofore paid), assets, stock (other than a dividend payable in
Preferred Stock, but including any dividend payable in Common Stock) or
convertible securities, subscription rights or warrants (excluding those
referred to in Section 11(b) hereof), the Purchase Price to be in effect after
such record date shall be determined by multiplying the Purchase Price in effect
immediately prior to such record date by a fraction, the numerator of which
shall be the current market price, as defined in Section 11(d), per one
one-hundredth of a share of Preferred Stock on such record date, less the fair
market value (as determined in good faith by the Board of Directors of the
Company, whose determination shall be described in a statement filed with the
Rights Agent) of the portion of the assets or evidences of indebtedness so to be
distributed or of such subscription rights or warrants applicable to one
one-hundredth of a share of Preferred Stock and the denominator of which shall
be such current market price per one one-hundredth of a share of Preferred
Stock. Such adjustments shall be made successively whenever such a record date
is fixed; and in the event that such distribution is not so made, the Purchase
Price shall again be adjusted to be the Purchase Price which would then be in
effect if such record date had not been fixed.

         (d) (i) For the purpose of any computation hereunder, other than
computations made pursuant to Section 11(a)(iii), the "current market price" per
share of the Common Stock on any date shall be deemed to be the average of the
daily closing prices per share of such Common Stock for the thirty (30)
consecutive Trading Days (as such term is hereinafter defined in this paragraph
(d)) immediately prior to such date and, for purposes of computations made
pursuant to Section 11(a)(iii) hereof, the "current market price" per share of
the Common Stock on any date shall be deemed to be the average of the daily
closing prices per share of such Common Stock for the ten (10) consecutive
Trading Days immediately following such date; provided, however, that in the
event that the current market price per share of the Common Stock is determined
during the period following the announcement by the issuer of such Common Stock
of (A) a dividend or distribution on such Common Stock payable in shares of such
Common Stock or securities convertible into such Common Stock (other than the
Rights) or (B) any subdivision, combination or reclassification of such Common
Stock, and prior to the expiration

                                       17

<PAGE>

of the requisite 30 Trading Day or 10 Trading Day period, as set forth above,
after the ex-dividend date for such dividend or distribution or the record date
for such subdivision, combination or reclassification, then, and in each such
case, the current market price shall be appropriately adjusted to take into
account ex-dividend trading. The closing price for each day shall be the last
sale price, regular way, or, in case no such sale takes place on such day, the
average of the closing bid and asked prices, regular way, in either case as
reported in the principal consolidated transaction reporting system with respect
to securities listed or admitted to trading on the New York Stock Exchange or,
if the shares of the Common Stock are not listed or admitted to trading on the
New York Stock Exchange, as reported in the principal consolidated transaction
reporting system with respect to securities listed on the principal national
securities exchange on which the shares of the Common Stock are listed or
admitted to trading or, if the shares of the Common Stock are not listed or
admitted to trading on any national securities exchange, the last quoted price,
or, if not so quoted, the average of the high bid and low asked prices in the
over-the-counter market, as reported by the National Association of Securities
Dealers, Inc. Automated Quotation System ("NASDAQ") or such other system then in
use, or, if on any such date the shares of the Common Stock are not quoted by
such organization, the average of the closing bid and asked prices as furnished
by a professional market maker making a market in the shares of the Common Stock
selected by the Board of Directors of the Company. If on any such date no market
maker is making a market in the shares of the Common Stock, the fair value of
such shares on such date shall be as determined in good faith by the Independent
Directors if the Independent Directors constitute a majority of the Board of
Directors or, in the event the Independent Directors do not constitute a
majority of the Board of Directors, by an independent investment banking firm
selected by the Board of Directors, whose determination shall be described in a
statement filed with the Rights Agent and shall be conclusive for all purposes.
The term "Trading Day" shall mean a day on which the principal national
securities exchange on which the shares of the Common Stock are listed or
admitted to trading is open for the transaction of business or, if the shares of
the Common Stock are not listed or admitted to trading on any national
securities exchange, a Monday, Tuesday, Wednesday, Thursday or Friday on which
banking institutions in the State of New York, are not authorized or obligated
by law or executive order to close. If the Common Stock is not publicly held or
not so listed or traded, "current market price" per share shall mean the fair
value per share as determined in good faith by the Independent Directors if the
Independent Directors constitute a majority of the Board of Directors or, in the
event the Independent Directors do not constitute a majority of the Board of
Directors, by an independent investment banking firm selected by the Board of
Directors, whose determination shall be described in a statement filed with the
Rights Agent and shall be conclusive for all purposes.

         (ii) For the purpose of any computation hereunder, the "current market
price" per share of Preferred Stock shall be determined in the same manner as
set forth above for the Common Stock in clause (i) of this Section 11(d) (other
than the last sentence thereof). If the current market price per share of
Preferred Stock cannot be determined in the manner provided above or if the
Preferred Stock is not publicly held or listed or traded in a manner described
in clause (i) of this Section 11(d), the "current market price" per share of
Preferred Stock shall be conclusively deemed to be an amount equal to 100 (as
such number may be appropriately

                                       18

<PAGE>

adjusted for such events as stock splits, stock dividends and recapitalizations
with respect to the Common Stock occurring after the date of this Agreement)
multiplied by the current market price per share of the Common Stock. If neither
the Common Stock nor the Preferred Stock is publicly held or so listed or
traded, "current market price" per share of the Preferred Stock shall mean the
fair value per share as determined in good faith by the Board of Directors of
the Company, whose determination shall be described in a statement filed with
the Rights Agent and shall be conclusive for all purposes. For all purposes of
this Agreement, the "current market price" of one one-hundredth of a share of
Preferred Stock shall be equal to the "current market price" of one share of
Preferred Stock divided by 100.

         (iii) If a security is not publicly held or not so listed or trade,
"current market price" shall mean the fair value per share or other unit of such
security, determined reasonably and in good faith the Board of Directors of the
Company; provided, however, that if at the time of such determination there is
an Acquiring Person, the current market price of such security on such date
shall be determined by a nationally recognized investment banking firm selected
by the Board of Directors, which determination shall be described in a statement
filed with the Rights Agent and shall be binding on the Rights Agent and the
holders of the Rights.

         (iv) In the case of property other than securities, the current market
price thereof shall be determined reasonably and in good faith by the Board of
Directors of the Company, provided, however, that if at the time of such
determination there is an Acquiring Person, the current market value of such
property on such date shall be determined by a nationally recognized investment
banking firm selected by the Board of Directors, which determination shall be
described in a statement filed with the Rights Agent and shall be binding upon
the Rights Agent and the holders of the Rights.

         (e) Anything herein to the contrary notwithstanding, no adjustment in
the Purchase Price shall be required unless such adjustment would require an
increase or decrease of at least 1% in such price; provided, however, that any
adjustments which by reason of this Section 11(e) are not required to be made
shall be carried forward and taken into account in any subsequent adjustment.
All calculations under this Section 11 shall be made to the nearest cent or to
the nearest one ten-thousandth of a share of Common Stock or one-millionth of a
share of Preferred Stock, as the case may be. Notwithstanding the first sentence
of this Section 11(e), any adjustment required by this Section 11 shall be made
no later than the earlier of (i) three years from the date of the transaction
which mandates such adjustment or (ii) the Expiration Date.

         (f) If, as a result of an adjustment made pursuant to Section 11(a)
hereof, the holder of any Right thereafter exercised shall become entitled to
receive any shares of capital stock other than shares of Preferred Stock,
thereafter the number of such other shares so receivable upon exercise of any
Right shall be subject to adjustment from time to time in a manner and on terms
as nearly equivalent as practicable to the provisions with respect to the
Preferred Stock contained in Section 11(a) through (o) inclusive, and the
provisions of Sections 7, 9, 10, 13 and 14 with respect to the shares of the
Preferred Stock shall apply on like terms to any such other shares.

                                       19

<PAGE>

         (g) All Rights originally issued by the Company subsequent to any
adjustment made to the Purchase Price hereunder shall evidence the right to
purchase, at the adjusted Purchase Price, the number of one one-hundredths of a
share of Preferred Stock purchasable from time to time hereunder upon exercise
of the Rights, all subject to further adjustment as provided herein.

         (h) Unless the Company shall have exercised its election as provided in
Section 11(i), upon each adjustment of the Purchase Price as a result of the
calculations made in Section 11(b) and (c), each Right outstanding immediately
prior to the making of such adjustment shall thereafter evidence the right to
purchase, at the adjusted Purchase Price, that number of one one-hundredths of a
share of Preferred Stock (calculated to the nearest one-millionth) obtained by
(i) multiplying (x) the number of one one-hundredths of a share of Preferred
Stock covered by a Right immediately prior to this adjustment by (y) the
Purchase Price in effect immediately prior to such adjustment of the Purchase
Price and (ii) dividing the product so obtained by the Purchase Price in effect
immediately after such adjustment of the Purchase Price.

         (i) The Company may elect on or after the date of any adjustment of the
Purchase Price to adjust the number of Rights, in substitution for any
adjustment in the number of one one-hundredths of a share of Preferred Stock
purchasable upon the exercise of a Right. Each of the Rights outstanding after
such adjustment of the number of Rights shall be exercisable for the number of
one one-hundredths of a share of Preferred Stock for which a Right was
exercisable immediately prior to such adjustment. Each Right held of record
prior to such adjustment of the number of Rights shall become that number of
Rights (calculated to the nearest ten-thousandth) obtained by dividing the
Purchase Price in effect immediately prior to adjustment of the Purchase Price
by the Purchase Price in effect immediately after the adjustment of the Purchase
Price. The Company shall make a public announcement and shall give simultaneous
written notice to the Rights Agent of its election to adjust the number of
Rights, indicating the record date for the adjustment to be made. This record
date may be the date on which the Purchase Price is adjusted or any day
thereafter, but, if the Right Certificates have been issued, shall be at least
10 days later than the date of the public announcement. If Right Certificates
have been issued, upon each adjustment of the number of Rights pursuant to this
section 11(i), the Company shall, as promptly as practicable, cause to be
distributed to holders of Right Certificates on such record date Right
Certificates evidencing, subject to Section 14 hereof, the additional Rights to
which such holders shall be entitled as a result of such adjustment, or, at the
option of the Company, shall cause to be distributed to such holders of record
in substitution and replacement for the Right Certificates held by such holders
prior to the date of adjustment, and upon surrender thereof, if required by the
Company, new Right Certificates evidencing all the Rights to which such holders
shall be entitled after such adjustment. Right Certificates so to be distributed
shall be issued, executed and countersigned in the manner provided for herein
(and may bear, at the option of the Company, the adjusted Purchase Price) and
shall be registered in the names of the holders of record of Right Certificates
on the record date specified in the public announcement.

         (j) Irrespective of any adjustment or change in the Purchase Price or
the number of one one-hundredths of a share of Preferred Stock issuable upon the
exercise of the Rights, the Right

                                       20

<PAGE>

Certificates theretofore and thereafter issued may continue to express the
Purchase Price per one one-hundredth of a share and the number of one
one-hundredths of a share which were expressed in the initial Right Certificates
issued hereunder.

         (k) Before taking any action that would cause an adjustment reducing
the Purchase Price below one one-hundredth of the then par value, if any, of a
share of Preferred Stock issuable upon exercise of the Rights, the Company shall
take any corporate action which may, in the opinion of its counsel, be necessary
in order that the Company may validly and legally issue such number of fully
paid and nonassessable shares of such Preferred Stock at such adjusted Purchase
Price.

         (l) In any case in which this Section 11 shall require that an
adjustment in the Purchase Price be made effective as of a record date for a
specified event, the Company may elect to defer until the occurrence of such
event the issuance to the holder of any Right exercised after such record date
of the number of one one-hundredths of a share of Preferred Stock and other
capital stock or securities of the Company, if any, issuable upon such exercise
over and above the number of one one-hundredths of a share of Preferred Stock
and other share capital or securities of the Company, if any, issuable upon such
exercise on the basis of the Purchase Price in effect prior to such adjustment;
provided, however, that the Company shall deliver to such holder a due bill or
other appropriate instrument evidencing such holder's right to receive such
additional shares upon the occurrence of the event requiring such adjustment.

         (m) Anything in this Section 11 to the contrary notwithstanding, the
Company shall be entitled to make such reductions in the Purchase Price, in
addition to those adjustments expressly required by this Section 11, as and to
the extent that the Board of Directors of the Company shall determine to be
advisable in order that any consolidation or subdivision of Preferred Stock,
issuance wholly for cash of any of Preferred Stock at less than the current
market price, issuance wholly for cash of Preferred Stock or securities which by
their terms are convertible into or exchangeable for Preferred Stock, stock
dividends or issuance of rights, options or warrants referred to hereinabove in
this Section 11, hereafter made by the Company to holders of its Preferred Stock
shall not be taxable to such shareholders.

         (n) The Company covenants and agrees that, after the Distribution Date,
it will not, except as permitted by Sections 23, 24 and 27 hereof, take (nor
will it permit any of its Subsidiaries to take) any action if at the time such
action is taken it is reasonably foreseeable that such action will diminish
substantially or otherwise eliminate the benefits intended to be afforded by the
Rights.

         (o) The Company covenants and agrees that it shall not, at any time
after a Section 11(a)(ii) Event, (i) combine or consolidate with any other
Person, (ii) merge with or into any other Person, or (iii) sell or transfer (or
permit any of its Subsidiaries to sell or transfer), in one or more
transactions, assets or earning power aggregating more than 50% of the assets or
earning power of the Company and its wholly-owned subsidiaries (taken as a
whole) to any other Person or Persons (other than the Company and/or any of its
Subsidiaries in one or more

                                       21

<PAGE>

transactions each of which complies with Section 11(n)) if (x) at the time of or
immediately after such combination, consolidation, merger or sale there are any
rights, warrants or other instruments or securities outstanding or agreements in
effect which would substantially diminish or otherwise eliminate the benefits
intended to be afforded by the Rights or (y) prior to, simultaneously with or
immediately after such combination, consolidation, merger or sale, the
stockholders of the Person who constitutes, or would constitute, the "Principal
Party" for purposes of Section 13(a) hereof shall have received a distribution
of Rights previously owned by such Person or any of its Affiliates and
Associates.

         (p) Notwithstanding anything in this Agreement to the contrary, prior
to the Distribution Date, the Company may, in lieu of making any adjustment to
the Purchase Price, the number of one one-hundredths of a share of Preferred
Stock eligible for purchase on exercise of each Right or the number of Rights
outstanding, which adjustment would otherwise be required by Sections 11(a)(i),
11(b), 11(c), 11(h) or 11(i), make.such other equitable adjustment or
adjustments thereto as the Board of Directors (whose determination shall be
conclusive) deems appropriate in the circumstances and not inconsistent with the
objectives of the Board of Directors in adopting this Agreement and such
Sections.

         (q) In the event the Company shall at any time after the date of this
Agreement and prior to the Distribution Date (i) declare a dividend on the
outstanding Common Stock payable in shares of Common Stock or (ii) effect a
subdivision, combination or consolidation of the outstanding shares of Common
Stock (by reclassification or otherwise than by payment of dividends in shares
of Common Stock) into a greater or lesser number of shares of Common Stock, the
number of Rights associated with each share of Common Stock shall be
proportionately adjusted so that the number of Rights thereafter associated with
each share of Common Stock following any such event shall equal the result
obtained by multiplying the number of Rights associated with each share of
Common Stock immediately prior to such event by a fraction, the numerator of
which shall be the total number of shares of Common Stock outstanding
immediately prior to the occurrence of any such event listed in clause (i) or
(ii) above and the denominator of which shall be the total number of shares of
Common Stock outstanding immediately following the occurrence of such event
listed in clause (i) or (ii) above. The adjustments provided for in this Section
11(q) shall be made successively whenever such a dividend is declared or paid or
such a subdivision, combination or consideration is effected.

         SECTION 12. CERTIFICATE OF ADJUSTED PURCHASE PRICE OR NUMBER OF SHARES.
Whenever an adjustment is made as provided in Sections 11 and 13, the Company
shall (a) promptly prepare a certificate setting forth such adjustment, and a
brief statement of the facts accounting for such adjustment and the adjusted
Purchase Price, (b) promptly file with the Rights Agent and with each transfer
agent for the Common Stock a copy of such certificate and (c) mail a brief
summary thereof to each holder of a Right Certificate in accordance with Section
26. The Rights Agent shall be fully protected in relying on any such certificate
and on any adjustment therein contained.

                                       22

<PAGE>

         SECTION 13. COMBINATION, CONSOLIDATION, MERGER OR SALE OR TRANSFER OF
ASSETS OR EARNING POWER. (a) In the event that, following a Section 11(a)(ii)
Event, directly or indirectly, (x) the Company shall combine or consolidate
with, or merge with or into, any other Person (other than a Subsidiary of the
Company in a transaction not prohibited by Section 11(n) hereof) and the Company
shall not be the continuing or surviving corporation of such combination,
consolidation or merger, (y) any Person (other than a Subsidiary of the Company
in a transaction not prohibited by Section 11(n) hereof) shall combine,
consolidate or merge with or into the Company and the Company shall be the
continuing or surviving corporation of such combination, consolidation or merger
and, in connection with such combination, consolidation or merger, all or part
of the Common Stock shall be changed into or exchanged for shares or other
securities of the Company of any other Person or cash or any other property, or
(z) the Company shall sell or otherwise transfer (or one or more of its
Subsidiaries shall sell or otherwise transfer), in one or more transactions,
assets or earning power aggregating more than 50% of the assets or earning power
of the Company and its Subsidiaries (taken as a whole) to any other Person or
Persons (other than the Company or any of its wholly-owned Subsidiaries in one
or more transactions each of which complies with Section 11(n) hereof), then,
and in each such case, proper provision shall be made so that (i) each holder of
a Right (except as provided in Section 7(e)) shall thereafter have the right to
receive, upon the exercise thereof at the then current Purchase Price in
accordance with the terms of this Agreement, such number of validly issued,
fully paid, nonassessable and freely tradeable Common Stock of the Principal
Party (as hereinafter defined), not subject to any liens, encumbrances, rights
of call or first refusal, or other adverse claims as shall be equal to the
result obtained by (1) multiplying the then current Purchase Price by the number
of one one-hundredths of a share of Preferred Stock for which a Right is then
exercisable immediately prior to the first occurrence of a Section 13 Event (or,
if a Section 11(a)(ii) Event has occurred prior to the first occurrence of a
Section 13 Event, multiplying the number of such shares for which a Right was
exercisable immediately prior to the first occurrence of a Section 11(a)(ii)
Event by the Purchase Price in effect immediately prior to such first
occurrence), and dividing that product (which, following the first occurrence of
a Section 13 Event, shall be referred to as the "Purchase Price" for each Right
and for all purposes of this Agreement) by (2) 50% of the current market price
per share of Common Stock of such Principal Party (determined in the manner
described in Section 11(d)) on the date of consummation of such combination,
consolidation, merger, sale or transfer; (ii) the Principal Party shall
thereafter be liable for, and shall assume, by virtue of such Section 13 Event,
all the obligations and duties of the Company pursuant to this Agreement; (iii)
the term "Company" shall thereafter be deemed to refer to such Principal Party,
it being specifically intended that the provisions of Section 11 shall
thereafter apply to such Principal Party; (iv) such Principal Party shall take
such steps (including, but not limited to, the reservation of a sufficient
number of shares of its Common Stock in accordance with Section 9) in connection
with such consummation as may be necessary to assure that the provisions hereof
shall thereafter be applicable, as nearly as reasonably may be, in relation to
shares of its Common Stock thereafter deliverable upon the exercise of the
Rights; and (v) the provisions of Section 11(a)(ii) hereof shall be of no effect
following the first occurrence of any Section 13 Event.

         (b)  "Principal Party" shall mean

                                       23

<PAGE>

                  (1) in the case of any transaction described in clause (x) or
         (y) of the first sentence of Section 13(a), the Person that is the
         issuer of any securities into which shares of Common Stock of the
         Company are converted in such merger, combination or consolidation,
         and, if no securities are so issued, the Person that is the other party
         to the merger, combination or consolidation; and

                  (2) in the case of any transaction described in clause (z) of
         the first sentence in Section 13(a), the Person that is the party
         receiving the greatest portion of the assets or earning power
         transferred pursuant to such transaction;

         provided, however, that in any such case, (x) if the Common Stock of
such Person is not at such time and has not been continuously over the preceding
12-month period registered under Section 12 of the Exchange Act, and such Person
is a direct or indirect Subsidiary of another corporation the Common Stock of
which is and has been so registered, "Principal Party" shall refer to such other
Person; (y) if such Person is a direct or indirect Subsidiary or Affiliate of
more than one Person, the Common Stocks of two or more of which are and have
been so registered, "Principal Party" shall refer to whichever of such Persons
is the issuer of the Common Stock having the greatest aggregate market value of
shares outstanding; and (z) in case such Person is owned, directly or
indirectly, by a joint venture formed by two or more Persons that are not owned,
directly or indirectly, by the same Person, the rules set forth in (x) and (y)
above shall apply to each of the chains of ownership having an interest in such
joint venture as if such party were a "Subsidiary" of both or all of such joint
ventures and the Principal Parties in each such chain shall bear the obligations
set forth in this Section 13 in the same ratio as their direct or indirect
interests in such Person bear to the total of such interests.

         (c) The Company shall not consummate any Section 13 Event unless the
Principal Party shall have a sufficient number of authorized shares of Common
Stock which are neither outstanding nor reserved for issuance to permit the
exercise in full of the Rights in accordance with this Section 13 and unless
prior thereto the Company and such Principal Party shall have executed and
delivered to the Rights Agent a supplemental agreement providing for the terms
set forth in paragraphs (a) and (b) of this Section 13 and further providing
that, as soon as practicable after the date of any combination, consolidation,
merger or sale of assets mentioned in paragraph (a) of this Section 13, the
Principal Party will at its own expense:

                  (i) prepare and file a registration statement under the Act
         with respect to the Rights and the securities purchasable upon exercise
         of the Rights on an appropriate form, will use its best efforts to
         cause such registration statement to become effective as soon as
         practicable after such filing and will use its best efforts to cause
         such registration statement to remain effective (with a prospectus at
         all times meeting the requirements of the Act) until the Expiration
         Date;

                  (ii) use its best efforts to qualify or register the Rights
         and the securities purchasable upon exercise of the Rights under the
         blue sky laws of such jurisdictions as may be necessary or appropriate;

                                       24

<PAGE>

                  (iii) use its best efforts to list (or continue the listing
         of) the Rights and the securities purchasable upon exercise of the
         Rights on a national securities exchange or to meet the eligibility
         requirements for quotations on NASDAQ; and

                  (iv) will deliver to holders of the Rights historical
         financial statements for the Principal Party and each of its Affiliates
         which comply in all respects with the requirements for registration on
         Form 10 under the Exchange Act.

The provisions of this Section 13 shall similarly apply to successive Section 13
Events. In the event that a Section 13 Event shall occur at any time after the
occurrence of a Section 11(a)(ii) Event, the Rights which have not theretofore
been exercised shall thereafter become exercisable in the manner described in
Section 13(a).

         SECTION 14. FRACTIONAL RIGHTS AND FRACTIONAL SHARES. (a) The Company
shall not be required to issue fractions of Rights or to distribute Right
Certificates which evidence fractional Rights. In lieu of such fractional
Rights, the Company shall pay to the registered holders of the Right
Certificates with regard to which such fractional Rights would otherwise be
issuable an amount in cash equal to the same fraction of the current market
value of a whole Right. For the purposes of this Section 14(a), the current
market value of a whole Right shall be the closing price of the Rights for the
Trading Day immediately prior to the date on which such fractional Rights would
have been otherwise issuable. The closing price for any day shall be the last
sale price, regular way, or, in case no such sale takes place on such day, the
average of the closing bid and asked prices, regular way, in either case as
reported in the principal consolidated transaction reporting system with respect
to securities listed or admitted to trading on the New York Stock Exchange or,
if the Rights are not listed or admitted to trading on the New York Stock
Exchange, as reported in the principal consolidated transaction reporting system
with respect to securities listed on the principal national securities exchange
on which the Rights are listed or admitted to trading or, if the Rights are not
listed or admitted to trading on any national securities exchange, the last
quoted price or, if not so quoted, the average of the high bid and low asked
prices in the over-the-counter market, as reported by NASDAQ or such other
system then in use, or, if on any such date the Rights are not quoted by any
such organization, the average of the closing bid and asked prices as furnished
by a professional market maker making a market in the Rights selected by the
Board of Directors of the Company. If on any such date no such market maker is
making a market in the Rights, the fair value of the Rights on such date as
determined in good faith by the Board of Directors of the Company shall be used.

         (b) The Company shall not be required to issue fractions of shares of
Preferred Stock (other than fractions which are integral multiples of one
one-hundredths of a share of Preferred Stock) upon exercise or exchange of the
Rights or to distribute certificates which evidence fractional shares of
Preferred Stock (other than fractions which are integral multiples of one
one-hundredths of a share of Preferred Stock). In lieu of fractional shares of
Preferred Stock that are not integral multiples of one one-hundredths of a share
of Preferred Stock, the Company may pay to the registered holders of Right
Certificates at the time the Rights evidenced thereby are exercised or exchanged
as herein provided an amount in cash equal to the same fraction of the

                                       25

<PAGE>

current market value of one one-hundredth of a share of Preferred Stock. For
purposes of this Section 14(b), the current market value of one one-hundredth of
a share of Preferred Stock shall be one one-hundredth of the closing price of a
share of Preferred Stock, as determined pursuant to Section 11(d) hereof, for
the Trading Day immediately prior to the date of such exercise or exchange, as
the case may be.

         (c) Following the occurrence of a Triggering Event, the Company shall
not be required to issue fractions of shares of Common Stock upon exercise of
the Rights or to distribute certificates which evidence fractional shares of
Common Stock. In lieu of fractional shares of Common Stock, the Company may pay
to the registered holders of Rights Certificates at the time such Rights are
exercised as herein provided an amount in cash equal to the same fraction of the
current market value of one (1) share of Common Stock. For purposes of this
Section 14(c), the current market value of one share of Common Stock shall be
the closing price of one share of Common Stock (as determined pursuant to
Section 11(d)(i) hereof) for the Trading Day immediately prior to the date of
such exercise.

         (d) The holder of a Right by the acceptance of the Right expressly
waives his right to receive any fractional Rights or any fractional shares upon
exercise or exchange of a Right, except as otherwise permitted by this Section
14.

         SECTION 15. RIGHTS OF ACTION. All rights of action in respect of this
Agreement, are vested in the respective registered holders of the Right
Certificates (and, prior to the Distribution Date, the registered holders of
Common Stock); and any registered holder of any Right Certificate (or, prior to
the Distribution Date, of the Common Stock), without the consent of the Rights
Agent or of the holder of any other Right Certificate (or, prior to the
Distribution Date, of the Common Stock), may, in his own behalf and for his own
benefit, enforce, and may institute and maintain any suit, action or proceeding
against the Company to enforce, or otherwise act in respect of, his right to
exercise the Rights evidenced by such Right Certificate in the manner provided
in such Right Certificate and in this Agreement. Without limiting the foregoing
or any remedies available to the holders of Rights, it is specifically
acknowledged that the holders of Rights would not have an adequate remedy at law
for any breach of this Agreement and will be entitled to specific performance of
the obligations hereunder and injunctive relief against actual or threatened
violations of the obligations hereunder of any Person subject to this Agreement.

         SECTION 16. AGREEMENT OF RIGHT HOLDERS. Every holder of a Right by
accepting the same consents and agrees with the Company and the Rights Agent and
with every other holder of a Right that:

                  (a) prior to the Distribution Date, the Rights will be
         transferable only in connection with the transfer of the Common Stock;

                  (b) after the Distribution Date, the Right Certificates will
         be transferable only on the registry books of the Rights Agent if
         surrendered at the principal

                                       26

<PAGE>

         office of the Rights Agent, duly endorsed or accompanied by a proper
         instrument of transfer and with the appropriate forms and certificates
         fully executed;

                  (c) subject to Section 6, Section 7(e) and Section 7(f)
         hereof, the Company and the Rights Agent may deem and treat the Person
         in whose name the Right Certificate (or, prior to the Distribution
         Date, the associated Common Stock certificate) is registered as the
         absolute owner thereof and of the Rights evidenced thereby
         (notwithstanding any notations of ownership or writing on the Right
         Certificates or the associated Common Stock certificate made by anyone
         other than the Company or the Rights Agent) for all purposes whatever;
         and neither the Company nor the Rights Agent, subject to the last
         sentence of Section 7(e) hereof, shall be required to be affected by
         any notice to the contrary;

                  (d) notwithstanding anything in this Agreement to the
         contrary, neither the Company nor the Rights Agent shall have any
         liability to any holder of a Right or other Person as a result of its
         inability to perform any of its obligations under this Agreement by
         reason of any preliminary or permanent injunction or other order,
         decree or ruling issued by a court of competent jurisdiction or by a
         governmental, regulatory or administrative agency or commission, or any
         statute, rule, regulation or executive order promulgated or enacted by
         any governmental authority, prohibiting or otherwise restraining
         performance of such obligation; provided, however, that the Company
         must use its best efforts to have any such order, decree or ruling
         lifted or otherwise overturned as soon as possible.

         SECTION 17. RIGHT CERTIFICATE HOLDER NOT DEEMED A SHAREHOLDER. No
holder, as such, of any Right Certificate shall be entitled to vote, receive
dividends or be deemed for any purpose the holder of the Preferred Stock, Common
Stock or any other securities of the Company which may at any time be issuable
on the exercise of the Rights represented thereby, nor shall anything contained
herein or in any Right Certificate be construed to confer upon the holder of any
Right Certificate, as such, any of the rights of a shareholder of the Company or
any right to vote for the election of directors or upon any matter submitted to
shareholders at any meeting thereof, or to give or withhold consent to any
corporate action, or to receive notice of meetings or other actions affecting
shareholders (except as provided in Section 25 hereof), or to receive dividends
or subscription rights, or otherwise, until the Right or Rights evidenced by
such Right Certificate shall have been exercised or exchanged in accordance with
the provisions hereof.

         SECTION 18. CONCERNING THE RIGHTS AGENT. (a) The Company agrees to pay
to the Rights Agent reasonable compensation for all services rendered by it
hereunder and, from time to time, on demand of the Rights Agent, its reasonable
expenses and counsel fees and other disbursements incurred in the administration
and execution of this Agreement and the exercise and performance of its duties
hereunder. The Company also agrees to indemnify the Rights Agent for, and to
hold it harmless against, any loss, liability, or expense, incurred without
negligence, bad faith or willful misconduct on the part of the Rights Agent
(including the reasonable

                                       27

<PAGE>

fees and expenses of counsel), for anything done or omitted by the Rights Agent
in connection with the acceptance and administration of this Agreement,
including the costs and expenses of defending against any claim of liability in
the premises.

         (b) The Rights Agent shall be protected and shall incur no liability
for or in respect of any action taken, suffered or omitted by it in connection
with its administration of this Agreement in reliance upon any Right Certificate
or certificate for the Common Stock or for other securities of the Company,
instrument of assignment or transfer, power of attorney, endorsement, affidavit,
letter, notice, direction, consent, instruction, adjustment notice, certificate,
statement, or other paper or document believed by it to be genuine and to be
signed, executed and, where necessary, verified or acknowledged, by the proper
Person or Persons.

         (c) In addition to the foregoing, the Rights Agent shall be protected
and shall incur no liability for, or in respect of, any action taken or omitted
by it in connection with its administration of this Agreement in reliance upon
(i) the proper execution of the certification appended to the Form of Assignment
and the Form of Election to Purchase included as part of Exhibit B hereto (the
"Certification"), unless the Rights Agent shall have actual knowledge that, as
executed, the Certification is untrue, or (ii) the non-execution or failure to
complete the Certification including, without limitation, any refusal to honor
any otherwise permissible assignment or election by reason of such non-execution
or failure.

         SECTION 19. MERGER OR CONSOLIDATION OR CHANGE OF NAME OF RIGHTS AGENT.
(a) Any corporation into which the Rights Agent or any successor Rights Agent
may be merged or with which it may be consolidated, or any corporation resulting
from any merger or consolidation to which the Rights Agent or any successor
Rights Agent shall be a party, or any corporation succeeding to the corporate
trust business and/or the stock transfer business of the Rights Agent or any
successor Rights Agent, shall be the successor to the Rights Agent under this
Agreement without the execution or filing of any paper or any further act on the
part of any of the parties hereto, provided that such corporation would be
eligible for appointment as a successor Rights Agent under the provisions of
Section 21. In case at the time such successor Rights Agent shall succeed to the
agency created by this Agreement, any of the Right Certificates shall have been
countersigned but not delivered, any such successor Rights Agent may adopt the
countersignature of the predecessor so countersigned; and in case at that time
any of the Right Certificates shall not have been countersigned, any successor
Rights Agent may countersign such Right Certificates either in the name of the
predecessor Rights Agent or in the name of the successor Rights Agent; and in
all such cases such Right Certificates shall have the full force provided in the
Right Certificates and in this Agreement.

         (b) In case at any time the name of the Rights Agent shall be changed
and at such time any of the Right Certificates shall have been countersigned but
not delivered, the Rights Agent may adopt the countersignature under its prior
name and deliver Right Certificates so countersigned; and in case at that time
any of the Right Certificates shall not have been countersigned, the Rights
Agent may countersign such Right Certificates either in its prior name or in its
changed name; and in all such cases such Right Certificates shall have the full
force

                                       28

<PAGE>

provided in the Right Certificates and in this Agreement.

         SECTION 20. DUTIES OF RIGHTS AGENT. The Rights Agent undertakes the
duties and obligations imposed by this Agreement upon the following terms and
conditions, by all of which the Company and the holders of Right Certificates,
by their acceptance thereof, shall be bound:

                  (a) The Rights Agent may consult with legal counsel (who may
         be legal counsel for the Company), and the opinion of such counsel
         shall be full and complete authorization and protection to the Rights
         Agent as to any action taken or omitted by it in good faith and in
         accordance with such opinion. The Company shall only be responsible for
         reasonable fees and expenses of counsel engaged by the Rights Agent
         with the Company's prior express written consent.

                  (b) Whenever in the performance of its duties under this
         Agreement the Rights Agent shall deem it necessary or desirable that
         any fact or matter be proved or established by the Company prior to
         taking or suffering any action hereunder, such fact or matter (unless
         other evidence in respect thereof be herein specifically prescribed)
         may be deemed to be conclusively proved and established by a
         certificate signed by any one of the Chairman of the Board, the
         President, any Vice President, the Treasurer or the Secretary of the
         Company and delivered to the Rights Agent; and such certificate shall
         be full authorization to the Rights Agent for any action taken or
         suffered in good faith by it under the provisions of this Agreement in
         reliance upon such certificate.

                  (c) The Rights Agent shall be liable hereunder only for its
         own negligence, bad faith or willful misconduct.

                  (d) The Rights Agent shall not be liable for or by reason of
         any of the statements of fact or recitals contained in this Agreement
         or in the Right Certificates (except its countersignature thereof) or
         be required to verify the same, but all such statements and recitals
         are and shall be deemed to have been made by the Company only.

                  (e) The Rights Agent shall not be under any responsibility in
         respect of the validity of this Agreement or the execution and delivery
         hereof (except the due execution hereof by the Rights Agent) or in
         respect of the validity or execution of any Right Certificate (except
         its countersignature thereof); nor shall it be responsible for any
         breach by the Company of any covenant or condition contained in this
         Agreement or in any Right Certificate; nor shall it be responsible for
         any change in the exercisability of the Rights (including the Rights
         becoming void pursuant to Section 7(e) hereof) or any adjustment
         required under the provisions of Sections 11 or 13 hereof or
         responsible for the manner, method or amount of any such adjustment or
         the ascertaining of the existence of facts that would require any such
         adjustment (except with respect to the exercise of Rights

                                       29

<PAGE>

         evidenced by Right Certificates after actual notice of any such
         adjustment); nor shall it be responsible for any determination by the
         Board of Directors of the Company of the current market value of the
         Rights or Preferred Stock pursuant to the provisions of Section 14
         hereof; nor shall it by any act hereunder be deemed to make any
         representation or warranty as to the authorization or reservation of
         any shares of the Preferred Stock or Common Stock or other securities
         to be issued pursuant to this Agreement or any Right Certificate or as
         to whether any shares of Preferred Stock or Common Stock will, when
         issued, be validly authorized and issued, fully paid and nonassessable.

                  (f) The Company agrees that it will perform, execute,
         acknowledge and deliver or cause to be performed, executed,
         acknowledged and delivered all such further and other acts, instruments
         and assurances as may reasonably be required by the Rights Agent for
         the carrying out or performing by the Rights Agent of the provisions of
         this Agreement.

                  (g) The Rights Agent is hereby authorized and directed to
         accept instructions with respect to the performance of its duties
         hereunder and certificates delivered pursuant to any provision hereof
         from any one of the Chairman of the Board, the President, any Vice
         President, the Secretary or the Treasurer of the Company, and is
         authorized to apply to such officers for advice or instructions in
         connection with its duties, and it shall not be liable for any action
         taken or suffered to be taken by it in good faith in accordance with
         instructions of any such officer.

                  (h) The Rights Agent and any shareholder, director, officer or
         employee of the Rights Agent may buy, sell or deal in any of the Rights
         or other securities of the Company or become pecuniarily interested in
         any transaction in which the Company may be interested, or contract
         with or lend money to the Company or otherwise act as fully and freely
         as though it were not Rights Agent under this Agreement. Nothing herein
         shall preclude the Rights Agent from acting in any other capacity for
         the Company or for any other legal entity.

                  (i) The Rights Agent may execute and exercise any of the
         rights or powers hereby vested in it or perform any duty hereunder
         either by itself or by or through its attorneys or agents, and the
         Rights Agent shall not be answerable or accountable for any act,
         default, neglect or misconduct of any such attorneys or agents or for
         any loss to the Company resulting from any such act, default, neglect
         or misconduct, provided reasonable care was exercised in the selection
         and continued employment thereof.

                  (j) No provision of this Agreement shall require the Rights
         Agent to expend or risk its own funds or otherwise incur any financial
         liability in the performance of any of its duties hereunder or in the
         exercise of its rights if there

                                       30

<PAGE>

         shall be reasonable grounds for believing that repayment of such funds
         or adequate indemnification against such risk or liability is not
         reasonably assured to it.

                  (k) If, with respect to any Right Certificate surrendered to
         the Rights Agent for exercise or transfer, the certificate attached to
         the form of assignment or form of election to purchase, as the case may
         be, has either not been completed or indicates an affirmative response,
         the Rights Agent shall not take any further action with respect to such
         requested exercise or transfer without first consulting the Company.
         The Company shall give the Rights Agent prompt written instructions as
         to the action to be taken regarding the Right Certificates involved.
         The Rights Agent shall not be liable for acting in accordance with such
         instructions.

         SECTION 21. CHANGE OF RIGHTS AGENT. The Rights Agent or any successor
Rights Agent may resign and be discharged from its duties under this Agreement
upon thirty (30) days' notice in writing mailed to the Company and to each
transfer agent of the Preferred Stock and the Common Stock by registered or
certified mail, and, at the Company's expense, to the holders of the Right
Certificates by first class mail. The Company may remove the Rights Agent or any
successor Rights Agent upon thirty (30) days' notice in writing, mailed to the
Rights Agent or successor Rights Agent, as the case may be, and to each transfer
agent of the Preferred Stock and the Common Stock by registered or certified
mail, and to the holders of the Right Certificates by first class mail. If the
Rights Agent shall resign or be removed or shall otherwise become incapable of
acting, the Company shall appoint a successor to the Rights Agent. If the
Company shall fail to make such appointment within a period of thirty (30) days
after giving notice of such removal or after it has been notified in writing of
such resignation or incapacity by the resigning or incapacitated Rights Agent or
by the holder of a Right Certificate (who shall, with such notice, submit his
Right Certificate for inspection by the Company), then the Company shall become
the temporary Rights Agent and the registered holder of any Right Certificate
may apply to any court of competent jurisdiction for the appointment of a new
Rights Agent. Any successor Rights Agent, whether appointed by the Company or by
such a court, shall be (a) a corporation organized and doing business under the
laws of the United States or of the State of New York (or of any other state of
the United States so long as such corporation is authorized to do business as a
banking institution in the State of New York), in good standing, having a
principal office in the State of New York, which is authorized under such laws
to exercise corporate trust powers and/or stock transfer powers and is subject
to supervision or examination by federal or state authority or which has at the
time of its appointment as Rights Agent a combined capital and surplus of at
least $50 million. After appointment, the successor Rights Agent shall be vested
with the same powers, rights, duties and responsibilities as if it had been
originally named as Rights Agent without further act or deed; but the
predecessor Rights Agent shall deliver and transfer to the successor Rights
Agent any property at the time held by it hereunder, and execute and deliver any
further assurance, conveyance, act or deed necessary for the purpose. Not later
than the effective date of any such appointment the Company shall file notice
thereof in writing with the predecessor Rights Agent

                                       31

<PAGE>

and each transfer agent of the Preferred Stock and Common Stock and mail a
notice thereof in writing to the registered holders of the Right Certificates.
Failure to give any notice provided for in this Section 21, however, or any
defect therein, shall not affect the legality or validity of the resignation or
removal of the Rights Agent or the appointment of the successor Rights Agent, as
the case may be.

         SECTION 22. ISSUANCE OF NEW RIGHT CERTIFICATES. Notwithstanding any of
the provisions of this Agreement or of the Rights to the contrary, the Company
may, at its option, issue new Right Certificates evidencing Rights in such form
as may be approved by its Board of Directors to reflect any adjustment or change
in the Purchase Price and the number or kind or class of shares or other
securities or property purchasable under the Right Certificates made in
accordance with the provisions of this Agreement. In addition, in connection
with the issuance or sale of shares of the Common Stock following the
Distribution Date and prior to the Expiration Date of the Rights, the Company
(a) shall, with respect to shares of the Common Stock so issued or sold pursuant
to the exercise of options or under any employee plan or arrangement, or upon
the exercise, conversion or exchange of securities hereinafter issued by the
Company, and (b) may, in any other case, if deemed necessary or appropriate by
the Board of Directors of the Company, issue Right Certificates representing the
appropriate number of Rights in connection with such issuance or sale; provided,
however, that (i) no such Right Certificate shall be issued if, and to the
extent that, the Company shall be advised by counsel that such issuance would
create a significant risk of material adverse tax consequences to the Company or
the Person to whom such Right Certificate would be issued, and (ii) no such
Right Certificate shall be issued if, and to the extent that, appropriate
adjustment shall otherwise have been made in lieu of the issuance thereof.

         SECTION 23. REDEMPTION AND TERMINATION. (a) The Board of Directors of
the Company may, at its option, at any time prior to the earlier of (x) the
close of business on the tenth Business Day following the Shares Acquisition
Date (or if the Shares Acquisition Date shall have occurred prior to the Record
Date, the close of business on the tenth Business Day following the Record
Date), or (y) the Final Expiration Date, redeem all but not less than all of
the then outstanding Rights at a redemption price of $0.001 per Right as
appropriately adjusted to reflect any stock split, dividend of shares or
similar transaction occurring after the date hereof (such redemption price
being hereinafter referred to as the "Redemption Price"), and the Company may,
at its option, pay the Redemption Price either in shares of the Common Stock
(valued at their current market price as defined in Section 11(d) on the date
of the redemption), other securities, cash, other assets or any other form of
consideration deemed appropriate by the Board of Directors; provided, however,
that if the Board of Directors of the Company authorizes redemption of the
Rights in either of the circumstances set forth in clauses (x) or (y) below
then there must be Independent Directors in office and such authorization shall
require the concurrence of a majority of the Independent Directors: (x) such
authorization occurs on or after the Shares Acquisition Date or (y) such
authorization occurs on or after the date of a change (resulting from a proxy
or consent solicitation) in a majority of the Directors of the Company in
office at the commencement of such solicitation if any Person who is a
participant in such solicitation has stated (or if upon the commencement of
such solicitation a majority of the

                                       32

<PAGE>

directors of the Company has determined in good faith) that such Person (or any
of its Affiliates or Associates) intends to take, or may consider taking, any
action which would result in such Person becoming an Acquiring Person or which
would cause the occurrence of a Triggering Event. Notwithstanding anything
contained in this Agreement to the contrary, the Rights shall not be
exercisable after the first occurrence of a Section 11(a)(ii) Event until such
time as the Company's right of redemption hereunder has expired, as the same
may be extended pursuant to Section 27 hereof.

         (b) In deciding whether or not to exercise the Company's right of
redemption hereunder, the directors of the Company shall act in good faith, in a
manner they reasonably believe to be in the best interests of the Company and
with such care, including reasonable inquiry, skill and diligence, as a person
of ordinary prudence would use under similar circumstances, and they may
consider the long-term and short-term effects of any action upon employees,
customers and creditors of the Company and upon communities in which offices or
other establishments of the Company are located, and all other pertinent
factors.

         (c) Immediately upon the action of the Board of Directors of the
Company ordering the redemption of the Rights, and without any further action
and without any notice, the right to exercise the Rights will terminate and the
only right thereafter of the holders of Rights shall be to receive the
Redemption Price for each Right held. Within ten Business Days after the action
of the Board of Directors ordering the redemption of the Rights, the Company
shall give notice of such redemption to holders of the then outstanding Rights
by mailing such notice to the Rights Agent and to all such holders at their
last addresses as they appear upon the registry books of the Rights Agent or,
prior to the Distribution Date, on the registry books of the Transfer Agent for
the Common Stock. Any notice which is mailed in the manner herein provided
shall be deemed given, whether or not the holder receives the notice. Each such
notice of redemption will state the method by which the payment of the
Redemption Price will be made. Neither the Company nor any of its Affiliates or
Associates may redeem, acquire or purchase for value any Rights at any time in
any manner other than that specifically set forth in this Section 23, and other
than in connection with the repurchase of Common Stock prior to the
Distribution Date.

         (d) In the event the Company shall at any time after the date of this
Rights Agreement (i) pay any dividend on Common Stock in shares of Common Stock,
(ii) subdivide the outstanding shares of Common Stock into a greater number of
shares or (iii) combine the outstanding shares of Common Stock into a smaller
number of shares of the outstanding shares of Common Stock, then and in each
such event the Redemption Price after such event shall equal the Redemption
Price immediately prior to such event multiplied by a fraction, the numerator of
which is the number of shares of Common Stock outstanding immediately prior to
such event and the denominator of which is the number of shares of Common Stock
outstanding immediately after such event; provided, however, that in each case
such adjustment to the Redemption Price shall be made only if the amount of the
Redemption Price shall be reduced or increased by $0.0001 per Right.

                                       33

<PAGE>

         SECTION 24. EXCHANGE. (a) The Board of Directors of the Company may, at
its option, at any time on or after the occurrence of a Section 11(a)(ii) Event,
exchange all or part of the then outstanding and exercisable Rights (which shall
not include Rights that have become void pursuant to the provisions of Section
7(e) hereof) for shares of Common Stock at an exchange ratio of one share of
Common Stock per Right, appropriately adjusted to reflect any stock split, stock
dividend or similar transaction occurring after the date hereof (such exchange
ratio being hereinafter referred to as the "Exchange Ratio"). Notwithstanding
the foregoing, the Board of Directors shall not be empowered to effect such
exchange at any time after any Person (other than an Exempt Person), together
with all Affiliates and Associates of such Person, becomes the Beneficial Owner
of 50% or more of the Common Stock of the Company.

         (b) Immediately upon the action of the Board of Directors of the
Company ordering the exchange of any Rights pursuant to subsection (a) of this
Section 24 and without any further action and without any notice, the right to
exercise such Rights shall terminate and the only right thereafter of a holder
of such Rights shall be to receive that number of shares of Common Stock equal
to the number of such Rights held by such holder multiplied by the Exchange
Ratio. The Company shall promptly give notice of any such exchange in accordance
with Section 26 hereof; provided, however, that the failure to give, or any
defect in, such notice shall not affect the validity of such exchange. Each such
notice of exchange will state the method by which the exchange of the shares of
Common Stock for Rights will be effected and, in the event of any partial
exchange, the number of Rights which will be exchanged. Any partial exchange
shall be effected pro rata based on the number of Rights (other than Rights
which have become void pursuant to the provisions of Section 7(e) hereof) held
by each holder of Rights.

         (c) In any exchange pursuant to this Section 24, the Company, at its
option, may substitute for any share of the Common Stock exchangeable for a
Right (i) common stock equivalents, (ii) Preferred Stock (or preferred stock
equivalents, as such term is defined in Section 11(b) hereof), (iii) cash, (iv)
debt or other securities of the Company, (v) other property, or (vi) any
combination of the foregoing, having an aggregate value which a majority of the
Independent Directors and the Board of Directors of the Company shall have
determined in good faith to be equal to the current market price of one share
of the Common Stock on the Trading Day immediately preceding the date of
exchange pursuant to this Section 24.

         (d) In the event that there shall not be sufficient shares of Common
Stock or Preferred Stock (or preferred stock equivalents) issued but not
outstanding or authorized but unissued to permit any exchange of Rights as
contemplated in accordance with this Section 24, the Company shall take all such
action as may be necessary to authorize additional shares of Common Stock or
Preferred Stock (or preferred stock equivalents) for issuance upon exchange of
the Rights.

         (e) The Company shall not be required to issue fractions of Common
Stock or to distribute certificates which evidence fractional shares of Common
Stock. If the Company elects not to issue such fractional shares of Common
Stock, the Company shall pay, in lieu of such fractional shares of Common Stock,
to the registered holders of the Right Certificates with regard to which such
fractional shares of Common Stock would otherwise be issuable, an

                                       34

<PAGE>

amount in cash equal to the same fraction of the current market price of a whole
share of Common Stock. For the purposes of this paragraph (e), the current
market price of a whole share of Common Stock shall be the closing price of a
share of Common Stock (as determined pursuant to the second sentence of Section
11(d)(i) hereof) for the Trading Day immediately prior to the date of exchange
pursuant to this Section 24.

         SECTION 25. NOTICE OF CERTAIN EVENTS. In case the Company shall propose
at any time following the Distribution Date (a) to declare or pay any dividend
payable in shares of any class to the holders of its Preferred Stock or to make
any other distribution to the holders of its Preferred Stock (other than a
regular periodic cash dividend at a rate in excess of 125% of the rate of the
last cash dividend theretofore paid), or (b) to offer to the holders of its
Preferred Stock rights or warrants to subscribe for or to purchase any
additional shares of the Preferred Stock or share capital of any class or any
other securities, rights or options, or (c) to effect any reclassification of
its Preferred Stock (other than a reclassification involving only the
subdivision of outstanding Preferred Stock), or (d) to effect any combination,
consolidation or merger into or with any other Person (other than a Subsidiary
of the Company in a transaction which complies with Section 11(n) hereof), or to
effect any sale or other transfer (or to permit one or more of its Subsidiaries
to effect any sale or other transfer), in one or more transactions, of more than
50% of the assets or earning power of the Company and its Subsidiaries (taken as
a whole) to, any other Person or Persons (other than the Company and/or any of
its Subsidiaries in one or more transactions each of which complies with
Sections 11(n) hereof), or (e) to declare or pay any dividend on the Common
Stock payable in Common Stock or to effect a subdivision, combination or
consolidation of the Common Stock (by reclassification or otherwise), or (f) to
effect the liquidation, dissolution or winding up of the Company, then, in each
such case, the Company shall give to the Rights Agent and to each holders of a
Right, in accordance with Section 26, a notice of such proposed action, which
shall specify the record date for the purposes of such dividend of shares,
distribution of rights or Rights, or the date on which such reclassification,
combination, consolidation, merger, sale, transfer, liquidation', dissolution,
or winding up is to take place and the date of participation therein by the
holders of the Preferred Stock and/or Common Stock, if any such date is to be
fixed, and such notice shall be so given in the case of any action covered by
clause (a) or (b) above at least twenty (20) days prior to the record date for
determining holders of the Preferred Stock and/or Common Stock for purposes of
such action, and in the case of any such other action, at least twenty (20)
days prior to the date of the taking of such proposed action or the date of
participation therein by the holders of its Common Stock, whichever shall be the
earlier.

         In case a Section 11(a)(ii) Event shall occur, then, in any such case,
the Company shall as soon as practicable thereafter give to the Rights Agent and
to each holder of a Right, to the extent feasible and in accordance with Section
26, a notice of the occurrence of such event, which shall specify the event and
the consequences of the event to holders of Rights under Section 11(a)(ii).

                                       35

<PAGE>

         SECTION 26. NOTICES. Notices or demands authorized by this Agreement to
be given or made by the Rights Agent or by the holder of any Right Certificate
to or on the Company shall be sufficiently given or made if sent by first-class
mail, postage prepaid, addressed (until another address is filed in writing with
the Rights Agent) as follows:

                           The Goodyear Tire & Rubber Company
                           1144 East Market Street
                           Akron, Ohio  44316-0001
                           Attention: General Counsel

Subject to the provisions of Section 21, any notice or demand authorized by this
Agreement to be given or made by the Company or by the holder of any Right
Certificate to or on the Rights Agent shall be sufficiently given or made if
sent by first class mail, postage prepaid, addressed (until another address is
filed in writing with the Company) as follows:

                           First Chicago Trust Company of New York
                           525 Washington Boulevard
                           Suite 4660
                           Jersey City, New Jersey 07310
                           Attention: Tenders and Exchanges Administration

         Notices or demands authorized by this Agreement to be given or made by
the Company or the Rights Agent to the holder of any Right Certificate (or,
prior to the Distribution Date, to the holder of any certificate representing
shares of Common Stock) shall be sufficiently given or made if sent by
first-class mail, postage prepaid, addressed to such holder at the address of
such holder as shown on the registry books of the Company.

         SECTION 27. SUPPLEMENTS AND AMENDMENTS. Prior to the earlier of the
Distribution Date or the Shares Acquisition Date and subject to the penultimate
sentence of this Section 27, the Company may from time to time supplement or
amend this Agreement without the approval of any holders of Right Certificates.
From and after the earlier of the Distribution Date or the Shares Acquisition
Date, and subject to the penultimate sentence of this Section 27, the Company
may from time to time supplement or amend this Agreement without the approval
of any holders of Right Certificates in order (i) to cure any ambiguity, (ii)
to correct or supplement any provision contained herein which may be defective
or inconsistent with any other provisions herein, (iii) to lengthen the time
period during which the Rights may be redeemed following the Shares Acquisition
Date for up to an additional twenty Business Days beyond the time period set
forth in Section 23(a) (provided, that any such lengthening shall be effective
only if a majority of the Board of Directors of the Company is comprised of
Independent Directors and a majority of such Independent Directors concur in
such lengthening) or (iv) to change or supplement the provisions hereunder in
any manner which the Company may deem necessary or desirable and which shall
not adversely affect the interests of the holders of Right Certificates (other
than an Acquiring Person or an Affiliate or Associate of an Acquiring Person);
provided, however, that this Agreement shall not be supplemented or amended in
any way (other than

                                       36

<PAGE>

pursuant to clauses (i) and (ii) above) unless such amendment is approved by a
majority of the Independent Directors whose determination shall be final and
the Independent Directors constitute a majority of the Board of Directors. Upon
the delivery of a certificate from an appropriate officer of the Company which
states that the proposed supplement or amendment is in compliance with the
terms of this Section 27, the Rights Agent shall execute such supplement or
amendment. Notwithstanding anything in this Agreement to the contrary, no
supplement or amendment shall be made on or after the Distribution Date which
changes the Redemption Price, the Final Expiration Date, the Purchase Price or
the number of one one-hundredths of a share of Preferred Stock for which a
Right is then exercisable. Prior to the earlier of the Shares Acquisition Date
or the Distribution Date, the interests of the holders of Rights shall be
deemed coincident with the interests of the holders of Common Stock.

         SECTION 28. SUCCESSORS. All the covenants and provisions of this
Agreement by or for the benefit of the Company or the Rights Agent shall bind
and inure to the benefit of their respective successors and assigns hereunder.

         SECTION 29. DETERMINATIONS AND ACTIONS BY THE BOARD OF DIRECTORS, ETC.
For all purposes of this Agreement, any calculation of the number of shares of
Common Stock outstanding at any particular time, including for purposes of
determining the particular percentage of such outstanding shares of Common Stock
of which any Person is the Beneficial Owner, shall be made in accordance with
the provisions of Rule 13d-3(d)(1)(i) of the General Rules and Regulations under
the Exchange Act. The Board of Directors of the Company (and, where specifically
provided for herein, the Independent Directors) shall have the exclusive power
and authority to administer this Agreement and to exercise all rights and powers
specifically granted to the Board or the Company (or, as expressly provided, the
Independent Directors), or as may be necessary or advisable in the
administration of this Agreement, including, without limitation, the right and
power to (i) interpret the provisions of this Agreement, and (ii) make all
determinations deemed necessary or advisable for the administration of this
Agreement (including a determination to redeem or not redeem the Rights or to
amend the Agreement). All such actions, calculations, interpretations and
determinations (including, for the purpose of clause (ii) below, all omissions
with respect to the foregoing) which are done or made by the Board (or, as
provided for, by the Independent Directors) in good faith, shall (i) be final,
conclusive and binding on the Company, the Rights Agent, the holders of the
Right Certificates and all other parties, and (ii) not subject the Board or the
Independent Directors to any liability to the holders of the Right Certificates
or to any other Person.

         SECTION 30. BENEFITS OF THIS AGREEMENT. Nothing in this Agreement shall
be construed to give to any Person other than the Company, the Rights Agent and
the registered holders of the Right Certificates (and, prior to the Distribution
Date, the Common Stock) any legal or equitable right, remedy or claim under this
Agreement; but this Agreement shall be for the sole and exclusive benefit of the
Company, the Rights Agent and the registered holders of the Right Certificates
(and, prior to the Distribution Date, registered holders of the Common Stock).
The Rights Agent is the Agent of the Company and not of the holders of the
Rights

                                       37

<PAGE>

and/or Rights Certificates.

         SECTION 31. SEVERABILITY. If any term, provision, covenant, or
restriction of this Agreement is held by a court of competent jurisdiction or
other authority to be invalid, void or unenforceable, the remainder of the
terms, provisions, covenants and restrictions of this Agreement shall remain in
full force and effect and shall in no way be affected, impaired or invalidated;
provided, however, that notwithstanding anything in this Agreement to the
contrary, if any such term, provision, covenant or restriction is held by such
court or authority to be invalid, void or unenforceable and the Board of
Directors of the Company determines in its good faith judgment that severing the
invalid language from this Agreement would adversely affect the purpose or
effect of this Agreement, the right of redemption set forth in Section 23 hereof
shall be reinstated and shall not expire until the close of business on the
tenth day following the date of such determination by the Board of Directors.

         SECTION 32. GOVERNING LAW. This Agreement and each Right Certificate
issued hereunder shall be deemed to be a contract made under the laws of the
State of Ohio and for all purposes shall be governed by and construed in
accordance with the laws of such State applicable to contracts to be made and
performed entirely within such State.

         SECTION 33. COUNTERPARTS. This Agreement may be executed in any number
of counterparts and each of such counterparts shall for all purposes be deemed
to be an original, and all such counterparts shall together constitute but one
and the same instrument.

         SECTION 34. DESCRIPTIVE HEADINGS. Descriptive headings of the several
Sections of this Agreement are inserted for convenience only and shall not
control or affect the meaning or construction of any of the provisions hereof.

                                       38

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and their respective corporate seals to be hereunto affixed and
attested, all as of the day and year first above written.

[SEAL]

                                  THE GOODYEAR TIRE & RUBBER COMPANY

                                      /s/ Samir F. Gibara
Attest:                           By:______________________________
                                  Name: Samir F Gibara,
                                  Title: President and Chief Executive Officer

     /s/ James Boyazis
By: _______________________________
Name:  James Boyazis,
Title: Secretary

[SEAL]

                                  FIRST CHICAGO TRUST COMPANY OF NEW YORK
                                     (AS RIGHTS AGENT)

                                       /s/ John G. Herr
Attest:                           By: ________________________________
                                  Name: John G. Herr
                                  Title: Assistant Vice President

     /s/ Joanne Gorostiola
By: ___________________________
     Name: Joanne Gorostiola
     Title: Assistant Vice President

                                       39

<PAGE>

                                                                       EXHIBIT A
                                                                       ---------

                            CERTIFICATE OF AMENDMENT
                                       TO
                        AMENDED ARTICLES OF INCORPORATION

                                       OF

                       THE GOODYEAR TIRE & RUBBER COMPANY

         Samir F. Gibara, President, and James Boyazis, Secretary, of The
Goodyear Tire & Rubber Company, an Ohio corporation, with its principal office
located at Akron, Summit County, Ohio, do hereby certify that, pursuant to the
authority conferred upon the Board of Directors of said corporation by Section 1
of Part B of ARTICLE FOURTH of the Amended Articles of Incorporation of the said
corporation and by the Ohio General Corporation Law, at a meeting of the Board
of Directors of said corporation duly called and held on the 4th day of June,
1996, at which meeting a quorum of the Board of Directors was at all times
present, the Board of Directors was without shareholder action, which
shareholder action was not required, the following resolution:

         RESOLVED, that The Goodyear Tire & Rubber Company hereby adopts the
following amendment to its Amended Articles of Incorporation, as amended to
date, and that the Chairman of the Board, the President or a Vice President and
the Secretary or an Assistant Secretary of the Company are hereby authorized and
directed to sign and file in the office of the Secretary of State of the State
of Ohio a certificate containing a copy of the resolution adopting the amendment
and a statement of the manner of its adoption:

         The Amended Articles of Incorporation of the Company are hereby amended
to create a new series of Preferred Stock by adding a new Section 1-B to PART B
of ARTICLE FOURTH as follows:

         Section 1-B. Series B Preferred Stock, Without Par Value.

         A series of Preferred Stock is hereby created having the following
terms:

         1. Designation. The shares of such series are designated as: "Series B
Preferred Stock, without par value."

         2. Authorized Number of Shares - Fractional Shares. The authorized
number of shares constituting the Series B Preferred Stock is 7,000,000. Series
B Preferred Stock may be issued in fractions of a share which shall entitle the
holder, in proportion to such holder's fractional shares, to exercise voting
rights, receive dividends, participate in distributions and to have the

                                       A-1

<PAGE>

benefit of all other rights of holders of Series B Preferred Stock.

         3.  Dividends and Distributions.

         (A) Subject to any prior and superior rights of the holders of any
series of Preferred Stock ranking prior and superior to the shares of Series B
Preferred Stock with respect to dividends that may be authorized by the Amended
Articles of Incorporation, the holders of shares of Series B Preferred Stock
shall be entitled prior to the payment of any dividends on shares ranking junior
to the Series B Preferred Stock to receive, when, as and if declared by the
Board of Directors out of funds legally available for the purpose, quarterly
dividends payable in cash on the last day of January, April, July and October in
each year (each such date being referred to herein as a "Quarterly Dividend
Payment Date"), commencing on the first Quarterly Dividend Payment Date after
the first issuance of a share or fraction of a share of Series B Preferred
Stock, in an amount per share (rounded to the nearest cent) equal to the greater
of (a) $25.00 or (b) subject to the provisions for adjustment hereinafter set
forth, 100 times the aggregate per share amount of all cash dividends, and 100
times the aggregate per share amount (payable in kind) of all non-cash dividends
or other distributions other than a dividend payable in shares of Common Stock
or a subdivision of the outstanding shares of Common Stock (by reclassification
or otherwise), declared on the Common Stock since the immediately preceding
Quarterly Dividend Payment Date, or, with respect to the first Quarterly
Dividend Payment Date, since the first issuance of any share or fraction of a
share of Series B Preferred Stock. In the event the Corporation shall at any
time after July 29, 1996 (the "Rights Declaration Date") (i) declare any
dividend on Common Stock payable in shares of Common Stock, (ii) subdivide the
outstanding Common Stock, or (iii) combine the outstanding Common Stock into a
smaller number of shares, then in each such case the amount to which holders of
shares of Series B Preferred Stock were entitled immediately prior to such event
under clause (b) of the preceding sentence shall be adjusted by multiplying such
amount by a fraction the numerator of which is the number of shares of Common
Stock outstanding immediately after such event and the denominator of which is
the number of shares of Common Stock that were outstanding immediately prior to
such event.

         (B) The Corporation shall declare a dividend or distribution on the
Series B Preferred Stock as provided in paragraph (A) above immediately after it
declares a dividend or distribution on the Common Stock (other than a dividend
payable in shares of Common Stock); provided that, in the event no dividend or
distribution shall have been declared on the Common Stock during the period
between any Quarterly Dividend Payment Date and the next subsequent Quarterly
Dividend Payment Date, a dividend of $25.00 per share on the Series B Preferred
Stock shall nevertheless be payable on such subsequent Quarterly Dividend
Payment Date.

         (C) Dividends shall begin to accrue and be cumulative on outstanding
shares of Series B Preferred Stock from the Quarterly Dividend Payment Date next
preceding the date of issue of such shares of Series B Preferred Stock, unless
the date of issue of such shares is prior to the record date for the first
Quarterly Dividend Payment Date, in which case dividends on such shares shall
begin to accrue from the date of issue of such shares, or unless the date of
issue is

                                       A-2

<PAGE>

a Quarterly Dividend Payment Date or is a date after the record date for the
determination of holders of shares of Series B Preferred Stock entitled to
receive a quarterly dividend and before such Quarterly Dividend Payment Date, in
either of which events such dividends shall begin to accrue and be cumulative
from such Quarterly Dividend Payment Date.

         (D) Accrued but unpaid dividends shall not bear interest. Dividends
paid on the shares of Series B Preferred Stock in an amount less than the total
amount of such dividends at the time accrued and payable on such shares shall be
allocated pro rata on a share-by-share basis among all such shares at the time
outstanding. The Board of Directors may fix a record date for the determination
of holders of shares of Series B Preferred Stock entitled to receive payment of
a dividend or distribution declared thereon, which record date shall be no more
than 60 days prior to the date fixed for the payment thereof.

         (E) Dividends in full shall not be declared or paid or set apart for
payment on the Series B Preferred Stock for a dividend period terminating on the
quarterly Dividend Payment Date unless dividends in full have been declared or
paid or set apart for payment on the Preferred Stock of all series (other than
series with respect to which dividends are not cumulative from a date prior to
such dividend date) on such dividend date. When the dividends are not paid in
full on all series of the Preferred Stock, the shares of all series shall share
ratably in the payment of dividends, including accumulations, if any, in
accordance with the sums which would be payable on said shares if all dividends
were declared and paid in full.

         4.  Liquidation, Dissolution or Winding Up.

         (A) Upon any liquidation, dissolution or winding up of the Corporation,
no distribution shall be made to the holders of shares of stock ranking junior
(either as to dividends or upon liquidation, dissolution or winding up) to the
Series B Preferred Stock unless, prior thereto, the holders of shares of Series
B Preferred Stock shall have received $25.00 per share, plus an amount equal to
accrued and unpaid dividends and distributions thereon, whether or not declared,
to the date of such payment (the "Series B Liquidation Preference"). Following
the payment of the full amount of the Series B Liquidation Preference, no
additional distributions shall be made to the holders of shares of Series B
Preferred Stock unless, prior thereto, the holders of shares of Common Stock
shall have received an amount per share (the "Common Adjustment") equal to the
quotient obtained by dividing (i) the Series B Liquidation Preference by (ii)
100 (as appropriately adjusted as set forth in subparagraph (C) below to reflect
such events as stock splits, stock dividends and recapitalizations with respect
to the Common Stock) (such number in clause (ii) is hereinafter referred to as
the "Adjustment Number"). Following the payment of the full amount of the Series
B Liquidation Preference and the Common Adjustment in respect of all outstanding
shares of Series B Preferred Stock and Common Stock, respectively, holders of
Series B Preferred Stock and holders of shares of Common Stock shall receive
their ratable and proportionate share of the remaining assets to be distributed
in the ratio of the Adjustment Number to 1 with respect to such Series B
Preferred Stock and Common Stock, on a per share basis, respectively.

                                       A-3

<PAGE>

         (B) In the event, however, that there are not sufficient assets
available to permit payment in full of the Series B Liquidation Preference and
the liquidation preferences of all other series of Preferred Stock, if any,
which rank on a parity with the Series B Preferred Stock, then such remaining
assets shall be distributed ratably to the holders of such parity shares in
proportion to their respective liquidation preferences. In the event, however,
that there are not sufficient assets available to permit payment in full of the
Common Adjustment, then such remaining assets shall be distributed ratably to
the holders of Common Stock.

         (C) In the event the Corporation shall at any time after the Rights
Declaration Date (i) declare any dividend on Common Stock payable in shares of
Common Stock, (ii) subdivide the outstanding Common Stock, or (iii) combine the
outstanding Common Stock into a smaller number of shares, then in each such case
the Adjustment Number in effect immediately prior to such event shall be
adjusted by multiplying such Adjustment Number by a fraction the numerator of
which is the number of shares of Common Stock outstanding immediately after such
event and the denominator of which is the number of shares of Common Stock that
were outstanding immediately prior to such event.

         5. Conversion on Merger, Consolidation, etc. In case the Corporation
shall enter into any merger, consolidation, combination or other transaction in
which the shares of Common Stock are exchanged or changed into other stock or
securities, cash and/or any other property, then in any such case each share of
Series B Preferred Stock shall at the time be similarly exchanged or changed in
an amount per share (subject to the provision for adjustment hereinafter set
forth) equal to 100 times the aggregate amount of stock, securities, cash and/or
any other property (payable in kind), as the case may be, into which or for
which each share of Common Stock is changed or exchanged. In the event the
Corporation shall at any time after the Rights Declaration Date (i) declare any
dividend on Common Stock payable in shares of Common Stock, (ii) subdivide the
outstanding Common Stock, or (iii) combine the outstanding Common Stock into a
smaller number of shares, then in each such case the amount set forth in the
preceding sentence with respect to the exchange or change of shares of Series B
Preferred Stock shall be adjusted by multiplying such amount by a fraction the
numerator of which is the number of shares of Common Stock outstanding
immediately after such event and the denominator of which is the number of
shares of Common Stock that were outstanding immediately prior to such event.

         6. Redemption. The outstanding shares of Series B Preferred Stock shall
not be redeemable.

         7. Condition to Issuance of any other Series. The Articles of
Incorporation of the Corporation shall not be further amended to provide for the
issuance of any other series of Preferred Stock without the affirmative vote of
the holders of at least two-thirds of the outstanding shares of Series B
Preferred Stock, voting separately as one voting group.

         IN WITNESS WHEREOF, said Samir F. Gibara, President, and James Boyazis,
Secretary, of The Goodyear Tire & Rubber Company, acting on behalf of said
corporation, have

                                       A-4

<PAGE>

hereunto subscribed their names and caused the seal of said corporation to be
hereunto affixed this 4th day of June, 1996.

                                            By: ________________________________
                                                     Samir F. Gibara, President

                                            By: ________________________________
                                                     James Boyazis, Secretary

[SEAL]

                                       A-5

<PAGE>

                                                                       EXHIBIT B
                                                                       ---------

                           (Form of Right Certificate]

Certificate No. R-                                      Rights

                  NOT EXERCISABLE AFTER JULY 29, 2006 OR EARLIER IF NOTICE OF
                  REDEMPTION OR EXCHANGE IS GIVEN. THE RIGHTS ARE SUBJECT TO
                  REDEMPTION, AT THE OPTION OF THE COMPANY, AT $.001 PER RIGHT
                  AND TO EXCHANGE ON THE TERMS SET FORTH IN THE RIGHTS
                  AGREEMENT. UNDER CERTAIN CIRCUMSTANCES RIGHTS MAY NOT BE
                  EXERCISABLE. [THE RIGHTS REPRESENTED BY THIS CERTIFICATE ARE
                  OR WERE BENEFICIALLY OWNED BY A PERSON WHO WAS OR BECAME AN
                  ACQUIRING PERSON OR AN ASSOCIATE OR AFFILIATE OF AN ACQUIRING
                  PERSON (AS SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT).
                  ACCORDINGLY, THIS RIGHT CERTIFICATE AND THE RIGHTS REPRESENTED
                  HEREBY MAY BECOME NULL AND VOID IN THE CIRCUMSTANCES SPECIFIED
                  IN SECTION 7(e) OF THE RIGHTS AGREEMENT.]*

                     FIRST CHICAGO TRUST COMPANY OF NEW YORK

                                Right Certificate

         This certifies that _____________, or registered assigns, is the
registered owner of the number of Rights set forth above, each of which entitles
the owner thereof, subject to the terms, provisions and conditions of the Rights
Agreement dated as of June 4, 1996 (the "Rights Agreement") between THE GOODYEAR
TIRE & RUBBER COMPANY, an Ohio corporation (the "Company"), and FIRST CHICAGO
TRUST COMPANY OF NEW YORK, a New York corporation (the "Rights Agent"), to
purchase from the Company at any time after the Distribution Date (as such term
is defined in the Rights Agreement) and prior to 5:00 P.M. (Akron time) on July
29, 2006 at the office of the Rights Agent, or its successors as Rights Agent,
in New York, New York, one one-hundredth of a fully paid and nonassessable share
of the Series B Preferred Stock, without par value (the "Preferred Stock"), of
the Company, at a

----------
*The portion of the legend in
brackets shall be inserted only
if applicable.

                                       B-1

<PAGE>

purchase price of $250.00 per share (the "Purchase Price"), upon presentation
and surrender of this Right Certificate with the Form of Election to Purchase
and related certificate duly executed. The number of Rights evidenced by this
Right Certificate (and the number of shares which may be purchased upon
exercise thereof) set forth above, and the Purchase Price per share set forth
above, are the number and Purchase Price as of July 29, 1996, based on the
Preferred Stock of the Company as constituted at such date.

         Upon the occurrence of a Section 11(a)(ii) Event (as such term is
defined in the Rights Agreement), if the Rights evidenced by this Right
Certificate are beneficially owned by (i) an Acquiring Person or an Affiliate or
Associate of any such Acquiring Person (as such terms are defined in the Rights
Agreement), (ii) a transferee of any such Acquiring Person, Associate of
Affiliate, or (iii) under certain circumstances specified in the Rights
Agreement, a transferee of a person who after such transfer, became an Acquiring
Person, such Rights shall become null and void and no holder hereof shall have
any right with respect to such Rights from and after the occurrence of such
Section 11(a)(ii) Event.

         As provided in the Rights Agreement, the Purchase Price and the number
of shares of Preferred Stock or other securities which may be purchased upon the
exercise of the Rights evidenced by this Right Certificate are subject to
modification and adjustment upon the happening of certain events, including
Triggering Events (as such term is defined in the Rights Agreement).

         This Right Certificate is subject to all of the terms, provisions and
conditions of the Rights Agreement, which terms, provisions and conditions are
hereby incorporated herein by reference and made a part hereof and to which
Rights Agreement reference is hereby made for a full description of the rights,
limitations of rights, obligations, duties and immunities hereunder of the
Rights Agent, the Company and the holders of the Right Certificates. Copies of
the Rights Agreement are on file at the above-mentioned office of the Rights
Agent and at the executive offices of the Company.

         This Right Certificate, with or without other Right Certificates, upon
surrender at the designated office of the Rights Agent, may be exchanged for
another Right Certificate or Right Certificates of like tenor and date
evidencing Rights entitling the holder to purchase a like aggregate number of
one one-hundredths of a share of Preferred Stock as the.Rights evidenced by the
Right Certificate or Right Certificates surrendered shall have entitled such
holder to purchase. If this Right Certificate shall be exercised in part, the
holder shall be entitled to receive upon surrender hereof, along with a
signature guarantee and such other and further documentation as the Rights Agent
may reasonably request, another Right Certificate or Right Certificates for the
number of whole Rights not exercised.

         Subject to the provisions of the Rights Agreement, the Rights evidenced
by this Certificate (a) may be redeemed by the Company at its option at a
redemption price of $.001 per Right at any time prior to the earlier of the
close of business on (i) the tenth Business Day following the Shares
Acquisition Date or (ii) the final Expiration Date, or (b) may be exchanged

                                       B-2

<PAGE>
in whole or in part for shares of the Common Stock, and/or other securities,
cash or other assets of the Company deemed to have the same value as shares of
the Common Stock, at any time after a Section 11(a)(ii) Event.

         No fractional shares of the Preferred Stock (or other securities) will
be issued upon the exercise or exchange of any Right or Rights evidenced hereby
(other than fractions which are integral multiples of one one-hundredth of a
share of Preferred Stock which may, at the option of the Company, be evidenced
by depositary receipts), but in lieu thereof a cash payment will be made, as
provided in the Rights Agreement.

         No holder of this Right Certificate shall be entitled to vote or
receive dividends or be deemed for any purpose the holder of the Common Stock or
of any other securities of the Company which may at any time be issuable on the
exercise hereof, nor shall anything contained in the Rights Agreement or herein
be construed to confer upon the holder hereof, as such, any of the rights of a
shareholder of the Company or any right to vote for the election of directors or
upon any matter submitted to shareholders at any meeting thereof, or to give or
withhold consent to any corporate action, or to receive notice of meetings or
other actions affecting shareholders (except as provided in the Rights
Agreement), or to receive dividends or subscription rights, or otherwise, until
the Right or Rights evidenced by this Right Certificate shall have been
exercised or exchanged for shares of the Common Stock as provided in the Rights
Agreement.

         This Right Certificate shall not be valid or obligatory for any purpose
until it shall have been countersigned by the Rights Agent.

         WITNESS the facsimile signature of the proper officers of the Company
and its corporate seal. Dated as of     ,       .

[SEAL]

ATTEST:                                     THE GOODYEAR TIRE & RUBBER COMPANY

By: ______________________________          By: _______________________________
     Name:                                  Name:
     Title:                                 Title:

Countersigned:

FIRST CHICAGO TRUST COMPANY OF NEW YORK,
         as Rights Agent

By:
         Authorized Signature
Date:

                                       B-3

<PAGE>

                   (Form of Reverse Side of Right Certificate]

                               FORM OF ASSIGNMENT
                               ------------------

                (To be executed by the registered holder if such
               holder desires to transfer the Right Certificates.)

         FOR VALUE RECEIVED __________________________ hereby sells, assigns and
transfers unto _________________________________________________________________
________________________________________________________________________________
         (Please print name and address of transferee)
________________________________________________________________________________

this Right Certificate, together with all right, title and interest therein, and
does hereby irrevocably constitute and appoint ___________________ Attorney, to
transfer the within Right Certificate on the books of the within-named Company,
with full power of substitution.

Dated: ____________________, ____

                                    ____________________________________________
                                    Signature

Signature Guaranteed:

(Signatures must be guaranteed.)

                                       B-4

<PAGE>

                                   CERTIFICATE
                                   -----------

         The undersigned hereby certifies by checking the appropriate boxes
that:

         (1) This Right Certificate / / is / / is not being sold, assigned and
transferred by or on behalf of a Person who is or was an Acquiring Person or an
Affiliate or Associate of any such Acquiring Person (as such terms are defined
pursuant to the Rights Agreement);

         (2) After due inquiry and to the best knowledge of the undersigned, it
/ / did / / did not acquire the Rights evidenced by this Right Certificate from
any Person who is, was or subsequently became an Acquiring Person or an
Affiliate or Associate of an Acquiring Person.

         (3) Exercising this Right Certificate will / / will not / / enable the
undersigned, its Affiliates, its Associates, and/or any other Person with which
the undersigned or any of the undersigned's Affiliates or Associates has any
agreement, arrangement or understanding (whether or not in writing) for the
purpose of acquiring, holding, voting or disposing of securities of the Company,
to become an Acquiring Person.

Dated: _________________                    ________________________________
                                            Signature

Signature Guaranteed:

(Signatures must be guaranteed.)

                                     NOTICE
                                     ------

         The signature to the foregoing Assignment and Certificate must
correspond to the name as written upon the face of this Right Certificate in
every particular, without alteration or enlargement or any change whatsoever.

                                       B-5

<PAGE>

                          FORM OF ELECTION TO PURCHASE
                          ----------------------------

                  (To be executed if holder desires to exercise
                   Rights evidenced by the Right Certificate.)

To The Goodyear Tire & Rubber Company:

         The undersigned hereby irrevocably elects to exercise _________________
___________________ Rights represented by this Right Certificate to purchase the
shares of the Series B Preferred Stock issuable upon the exercise of such Rights
(or such other securities of the Company or of any other Person which may be
issuable upon the exercise of the Rights) and requests that certificates for
such shares be issued in the name of:

Please insert social security or other taxpayer identifying number

________________________________________________________________________________
                         (Please print name and address)

________________________________________________________________________________

         If such number of Rights shall not be all the Rights evidenced by this
Right Certificate, a new Right Certificate for the balance remaining of such
Rights shall be registered in the name of and delivered to:

Please insert social security  or
other taxpayer identifying number

________________________________________________________________________________
                         (Please print name and address)

________________________________________________________________________________

Dated: ___________________                  _____________________________
                                            Signature

Signature Guaranteed:                       (Signature must conform in all
(Signatures must be guaranteed.)            respects to name of holder as
                                            specified on the face of this Right
                                            Certificate)

                                      B-6

<PAGE>

                                   CERTIFICATE
                                   -----------

         The undersigned hereby certifies by checking the appropriate box that:

         (1) This Right Certificate [ ] is [ ] is not being sold, assigned and
transferred by or on behalf of a Person who is or was an Acquiring Person or an
Affiliate or Associate of any such Acquiring Person (as such terms are defined
pursuant to the Rights Agreement);

         (2) After due inquiry and to the best knowledge of the undersigned, it
[ ] did [ ] did not acquire the Rights evidenced by this Right Certificate from
any Person who is, was or subsequently became an Acquiring Person or an
Affiliate or Associate of an Acquiring Person.

         (3) Exercising this Right Certificate will [ ] will not [ ] enable the
undersigned, its Affiliates, its Associates, and/or any other Person with which
the undersigned or any of the undersigned's Affiliates or Associates has any
agreement, arrangement or understanding (whether or not in writing) for the
purpose of acquiring, holding, voting or disposing of securities of the Company,
to become an Acquiring Person.

Dated: ______________________               ________________________________
                                            Signature

Signature Guaranteed:

(Signatures must be guaranteed.)

_________________________________

                                     NOTICE
                                     ------

          The signature to the foregoing Election to Purchase and Certificate
must correspond to the name as written upon the face of this Right Certificate
in every particular, without alteration or.enlargement or any change whatsoever.

                                       B-7

<PAGE>

                                                                       EXHIBIT C
                                                                       ---------

                          SUMMARY OF RIGHTS TO PURCHASE
                                 PREFERRED STOCK

         On June 4, 1996 the Board of Directors of THE GOODYEAR TIRE & RUBBER
COMPANY (the "Company") declared a dividend distribution of one Right for each
outstanding share of Common Stock, without par value (the "Common Stock"), of
the Company. The distribution is payable on July 29, 1996 (the "Record Date") to
the shareholders of record on the Record Date. Each Right entitles the
registered holder to purchase from the Company one one-hundredth of a share of
Series B Preferred Stock, without par value (the "Preferred Stock"), or in
certain circumstances, Common Stock, other securities, cash or assets as
summarized below, at a price of $250.00 (the "Purchase Price"), subject to
adjustment. The description and terms of the Rights are set forth in a Rights
Agreement (the "Rights Agreement") between the Company and First Chicago Trust
Company of New York, as Rights Agent (the "Rights Agent").

Distribution Date; Transfer of Rights
-------------------------------------

        Until the earlier to occur of (i) ten Business Days following the date
(the "Shares Acquisition Date") of the public announcement that a person or
group of affiliated or associated persons (an "Acquiring Person") has acquired,
or obtained the right to acquire, beneficial ownership of a number of shares of
the Common Stock equal to 15% or more of the outstanding shares of the Common
Stock or (ii) ten Business Days following the commencement or announcement of
an intention to make a tender offer or exchange offer if, upon consummation
thereof, such person would be an Acquiring Person (the earlier of such dates
being called the "Distribution Date"), the Rights will be evidenced, with
respect to any of the Common Stock certificates outstanding as of the Record
Date, by such Common Stock certificate. The Rights Agreement provides that,
until the Distribution Date, the Rights will be transferred with and only with
the Common Stock. Until the Distribution Date (or earlier redemption or
expiration of the Rights), new Common Stock certificates issued after the
Record Date upon transfer or new issuance of the common Stock will contain a
notation incorporating the Rights Agreement by reference. Until the
Distribution Date (or earlier redemption or expiration of the Rights), the
surrender for transfer of any of the Common Stock certificates outstanding as
of the Record Date will also constitute the transfer of the Rights associated
with the Common Stock represented by such certificate. As soon as practicable
following the Distribution Date, separate certificates evidencing the Rights
("Right Certificates") will be mailed to holders of record of the Common Stock
as of the close of business on the Distribution Date and such separate Right
Certificates alone will evidence the Rights.

         The Rights are not exercisable until the Distribution Date. The Rights
will expire at the close of business on July 29, 2006, unless earlier redeemed
or exchanged by the Company as described below.

                                       C-1

<PAGE>

Exercise of Rights for Shares of the Common Stock of the Company
----------------------------------------------------------------

         In the event that a Person becomes an Acquiring Person at any time
following the Rights Dividend Declaration Date, each holder of a Right will,
after the Distribution Date, have the right to receive, upon exercise, shares
of Common Stock (or, in certain circumstances, cash, property or other
securities of the Company) having a value equal to two times the Purchase Price
of the Right then in effect. Notwithstanding any of the foregoing, following
the occurrence of the event set forth in this paragraph, all Rights that are,
or (under certain circumstances specified in the Rights Agreement) were,
beneficially owned by any Acquiring Person will be null and void.

Exercise of Rights for Shares of the Acquiring Company
------------------------------------------------------

         In the event that, at any time following a Section 11(a)(ii) Event, (i)
the Company is acquired in a merger or other business combination transaction,
or (ii) 50% or more of the Company's assets or earning power is sold or
transferred, each holder of a Right (except Rights which previously have been
voided as set forth above) shall thereafter have the right to receive, upon
exercise, the common stock or other capital stock of the acquiring company
having a value equal to two times the Purchase Price of the Right then in
effect. The events set forth in this paragraph and in the preceding paragraph
are referred to as "Triggering Events."

Adjustments to Purchase Price
-----------------------------

         The Purchase Price payable, and the number of shares of Preferred Stock
(or Common Stock or other securities, as the case may be) issuable upon exercise
of the Rights are subject to adjustment from time to time to prevent dilution
(i) in the event of a dividend of shares on, or a subdivision, combination or
reclassification of, the Preferred Stock, (ii) upon the grant to holders of the
Preferred Stock of certain rights or warrants to subscribe for shares of the
Preferred Stock or convertible securities at less than the current market price
of the Preferred Stock or (iii) upon the distribution to holders of the
Preferred Stock of evidences of indebtedness or assets (excluding regular
periodic cash dividends or dividends payable in the Preferred Stock) or of
subscription rights or warrants (other than those referred to above). Prior to
the Distribution Date, the Board of Directors of the Company may make such
equitable adjustments as it deems appropriate in the circumstances in lieu of
any adjustment otherwise required by the foregoing.

         With certain exceptions, no adjustment in the Purchase Price will be
required until the time at which cumulative adjustments require an adjustment of
at least 1% in such Purchase Price. No fractional shares will be issued and, in
lieu thereof, an adjustment in cash will be made based on the market price of
the Common Stock on the last trading date prior to the date of exercise.

                                       C-2

<PAGE>
Redemption and Exchange of Rights
---------------------------------

         At any time prior to 5:00 P.M. Akron time on the tenth day following
the Shares Acquisition Date, the Company may redeem the Rights in whole, but
not in part, at a price of $.001 per Right (the "Redemption Price"). Under
certain circumstances set forth in the Rights Agreement, the decision to redeem
shall require the concurrence of a majority of the Independent Directors.
Immediately upon the action of the Board of Directors of the Company electing
to redeem the Rights with, if required, the concurrence of the Independent
Directors, the Company shall make announcement thereof, and upon such action,
the right to exercise the Rights will terminate and the only right of the
holders of Rights will be to receive the Redemption Price.

         At any time after the occurrence of any of the events set forth under
the heading "Exercise of Rights for shares of the Common Stock of the Company"
above, the Board of Directors may exchange the Rights (other than Rights owned
by an Acquiring Person, which have become void), in whole or in part, at an
exchange ratio of one share of the Common Stock, and/or other securities, cash
or other property deemed to have the same value as one share of the Common
Stock, per Right, subject to adjustment.

         Until a Right is exercised, the holder thereof, as such, will have no
rights as a shareholder of the Company, including, without limitation, the right
to vote or to receive dividends.

Amendments to Terms of the Rights
---------------------------------

         Any of the provisions of the Rights Agreement may be amended by the
Board of Directors of the Company prior to the Distribution Date. After the
Distribution Date, the provisions of the Rights Agreement may be amended by the
Board in order to cure any ambiguity, defect or inconsistency, or to make
changes which do not adversely affect the interests of holders of Rights
(excluding the interest of any Acquiring Person); provided, that no supplement
or amendment may be made on or after the Distribution Date which changes those
provisions relating to the principal economic terms of the Rights. The Board may
also, with the concurrence of a majority of the Independent Directors, extend
the redemption period for up to an additional twenty Business Days.

         The term "Independent Directors" means any member of the Board of
Directors of the Company who was a member of the Board prior to the time that
any person becomes an Acquiring Person, and any person who is subsequently
elected to the Board if such person is recommended or elected by a majority of
the Independent Directors, but shall not include an Acquiring Person or any
representative thereof.

         A copy of the Rights Agreement has been filed with the Securities and
Exchange Commission as an Exhibit to a Registration Statement on Form 8-A dated
June 11, 1996. A copy of the Rights Agreement is available free of charge from
the Company. This summary description of the Rights does not purport to be
complete and is qualified in its entirety by reference to the Rights Agreement,
which is hereby incorporated herein by reference.

                                       C-3

<PAGE>
                                   AMENDMENT
                                       TO
                                RIGHTS AGREEMENT

         THIS AMENDMENT TO RIGHTS AGREEMENT, dated as of February 8, 2000 (this
"Amendment Agreement") between The Goodyear Tire & Rubber Company, an Ohio
corporation (the "Company"), and FIRST CHICAGO TRUST COMPANY OF NEW YORK, a New
York corporation (the "Rights Agent").

WITNESSETH; that,

         WHEREAS, the Company and the Rights Agent are parties to that certain
Rights Agreement, dated as of June 4, 1996 (the "Rights Agreement"); and

         WHEREAS, the Board of Directors of the Company, comprised entirely of
Independent Directors (as defined in the Rights Agreement) at its meeting duly
convened and held on February 8, 2000, in accordance with the authority
conferred upon it under Section 27 of the Rights Agreement, unanimously declared
that it would be desirable and appropriate and in the best interests of the
holders of the Common Stock and the Rights (as defined in the Rights Agreement)
to amend the Rights Agreement to modify the definition of "Independent Director"
and add certain related definitions;

         NOW, THEREFORE, in consideration of the premises and the mutual
agreements herein set forth, the parties hereby agree as follows:

         1. Unless otherwise expressly defined in this Amendment Agreement,
capitalized and other terms for which meanings are provided in the Rights
Agreement shall have such meanings when used in this Amendment Agreement.

         2. Effective February 8, 2000, the Rights Agreement shall be, and it
hereby is, amended by:

                  (a) Deleting paragraph (u) of Section 1 of the Rights
         Agreement in its entirety and inserting in lieu thereof a new paragraph
         (u) of Section 1 of the Rights Agreement providing in its entirety as
         follows:

                           "(u) "Independent Director" shall mean any member of
                  the Board of Directors of the Company, while such person is a
                  member of the Board, who is not an Acquiring Person, or an
                  Affiliate or Associate of an Acquiring Person, or a
                  representative or nominee of an Acquiring Person or any such
                  Affiliate or Associate, and was a member of the Board prior to
                  the time that any Person becomes an Acquiring Person, and any
                  successor of any Independent Director, while such successor is
                  a member of the Board, who is not an Acquiring Person or an
                  Affiliate or Associate of an Acquiring Person, or a
                  representative or nominee of an Acquiring Person

                                       1

<PAGE>

                  or of any such Affiliate or Associate, and is elected by a
                  vote of the shareholders of the Company or by a majority of
                  the Independent Directors; provided, that any member of the
                  Board who is a Qualified Acquiring Person, or an Affiliate or
                  Associate of a Qualified Acquiring Person or a representative
                  or nominee of a Qualified Acquiring Person or of any such
                  Affiliate or Associate, who was elected by the shareholders of
                  the Company or by a majority of the Independent Directors
                  shall also be an Independent Director."

                  (b) Inserting a new paragraph (ss) of Section 1 of the Rights
         Agreement providing in its entirety as follows:

                           "(ss) "Qualified Acquiring Person" shall mean any
                  Person (including an Acquiring Person) who or which has made a
                  Qualified Offer."

                  (c) Inserting a new paragraph (tt) of Section 1 of the Rights
         Agreement providing in its entirety as follows:

                           "(tt) "Qualified Offer" shall mean an offer for all
                  of the outstanding shares of the Common Stock which meets all
                  of the following requirements:

                           (i) such offer is: (1) an all-cash offer for all of
                  the shares of the Common Stock outstanding and the Person
                  making the offer (prior to the date such offer is commenced
                  within the meaning of Rule 14d-2(a) of the General Rules and
                  Regulations under the Exchange Act) has (A) cash or cash
                  equivalents on hand for the full amount necessary to
                  consummate such all-cash offer and has irrevocably committed
                  in writing to the Company to utilize such cash or cash
                  equivalents for such purpose, or (B) has obtained financing in
                  the full amount necessary to consummate such offer and has
                  entered into, and provided to the Company with complete copies
                  of, definitive financing agreements for funds for such offer
                  which, when added to the amount of cash and cash equivalents
                  available as provided in clause (A) above, are in an amount
                  not less than the full amount necessary to consummate such
                  offer, which agreements are with one or more responsible
                  financial institutions having the capacity to provide such
                  funds; where "the full amount" shall be an amount sufficient
                  to pay for all shares of the Common Stock outstanding on a
                  fully diluted basis in cash pursuant to the offer and to pay
                  all related expenses; or (2) an exchange or other similar
                  offer to acquire all of the shares of the Common Stock
                  outstanding for securities or a combination of securities and
                  cash (which cash component, if any, shall be fully-financed as
                  provided at subpart (1) above); and

                                       2
<PAGE>

                           (ii) such offer remains open for at least 60 Business
                  Days; provided, however, that (A) if there is an increase in
                  the price of such offer, such amended offer shall remain open
                  for at least an additional 30 Business Days after the last
                  such increase, and (B) such offer must remain open for at
                  least an additional 30 Business Days after the date, if any,
                  on which such Person reduces the per share price offered; and

                           (iii) such offer is accompanied by a written opinion,
                  in customary form, of a nationally recognized investment
                  banking firm which is addressed to the Company and the holders
                  of the Common Stock (other than the Person making such offer)
                  and states that the consideration to be paid (whether in cash,
                  securities or a combination of cash and securities) to the
                  holders of the Common Stock pursuant to the offer is fair to
                  such holders from a financial point of view and includes any
                  written presentation of such firm showing the analysis and
                  range of values underlying such conclusion and such written
                  opinion is dated, and is provided to the Company, within five
                  Business Days and not less than two Business Days prior to the
                  date such offer is commenced, and an updated version of such
                  opinion is dated and provided to the Company with two Business
                  Days prior to the date the offer is consummated.

         3. Nothing set forth in this Amendment Agreement shall in any manner be
construed to alter the rights of the holder of the Rights or the terms and
conditions of the Rights or the Rights Agreement other than expressly as set
forth herein.

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
Rights Agreement to be duly executed by their respective officers thereunto duly
authorized as of the day and year first above written.

                                   THE GOODYEAR TIRE & RUBBER COMPANY

                                   By: /s/ C. Thomas Harvie
                                      -----------------------------------
                                      C. Thomas Harvie, Senior Vice President

ATTEST:
         /s/ James Boyazis
----------------------------------------
         James Boyazis, Secretary

                                        FIRST CHICAGO TRUST COMPANY OF NEW YORK

                                        By: /s/ Michael S. Duncan
                                          -------------------------------------
                                          Michael S. Duncan, Director Corporate
                                           Actions
                                       3

<PAGE>

                     APPOINTMENT OF SUCCESSOR RIGHTS AGENT

   KNOW ALL MEN BY THESE PRESENTS, that The Goodyear Tire & Rubber Company, an
Ohio corporation (the "Company"), is a party to that certain RIGHTS AGREEMENT,
June 4, 1996 (the "Rights Agreement"), between the Company and First Chicago
Trust Company of New York ("First Chicago") that in accordance with Section 2 of
the Rights Agreement, First Chicago was appointed the Rights Agent under the
Rights Agreement, to act in such capacity as agent for the Company in accordance
with the terms and conditions of the Rights Agreement; that First Chicago has,
by written notice to the Company resigned as the Rights Agent under the Rights
Agreement effective as of October 31, 2001; and that, in accordance with the
provisions of Section 21 of the Rights Agreement, the Company desires to appoint
EQUISERVE TRUST COMPANY, N.A. ("EquiServe") as the successor Rights Agent under
the Rights Agreement, such appointment to be effective as of the opening of
business on November 1, 2001;

   NOW, THEREFORE, in accordance with the provisions of Section 21 of the Rights
Agreement, the Company does hereby appoint EquiServe as the Rights Agent under
the Rights Agreement, effective at the opening of business on November 1, 2001,
to act in such capacity as the successor to First Chicago on and after November
1, 2001 and until EquiServe shall resign, be removed or shall otherwise become
incapable of acting. The Company does hereby advise and confirm unto EquiServe
that, on or before the issuance of Rights Certificate pursuant to the Rights
Agreement, the Company shall cause a written notice to be sent to each
shareholder of record of the Company, and to every person entitled to receive a
Rights Certificate, stating that EquiServe has been appointed by the Company as
the successor Rights Agent effective as of the opening of business on November
1, 2001 and that each reference to First Chicago in the form of Right
Certificate and in the legend on certificates for shares of the Common Stock
shall hereafter be replaced by the following: "EquiServe Trust Company, N.A.,
successor Rights Agent" or, in the case of existing certificates, the legend
shall be amended by adding: "EquiServe Trust Company, N.A., is the successor
Rights Agent". The Company also confirms that any and all correspondence,
notices, demands, and other written instruments given or made by the Company
will be sent by first class mail, postage prepaid, addressed (until another
address is filed in writing with the Company) as follows:

       EquiServe Trust Company, N.A.
       525 Washington Blvd.
       Jersey City, New Jersey 07310

   IN WITNESS WHEREOF, THE GOODYEAR TIRE & RUBBER COMPANY has caused this
Appointment of Successor Rights Agent to be executed by its officers thereunto
duly authorized as of this 1st day of November, 2001.

[CORPORATE SEAL]                       THE GOODYEAR TIRE & RUBBER COMPANY

Attest: /s/ Bertram Bell               By: /s/ Richard J. Kramer
------------------------               -------------------------
Bertram Bell                           Richard J. Kramer,
Assistant Secretary                    Vice President Corporate Finance

<PAGE>

                   ACCEPTANCE OF APPOINTMENT AS RIGHTS AGENT

   KNOW ALL MEN BY THESE PRESENTS, that EquiServe Trust Company, N.A.,
("EquiServe"):

   (1) Has received a copy of the Rights Agreement, dated as of June 4, 1996
(the "Rights Agreement") between The Goodyear Tire & Rubber Company (the
"Company") and First Chicago Trust Company, N.A. ("First Chicago"), certified as
true, correct and complete by the Secretary of the Company; and

   (2) Represents that it is a corporation duly organized and doing business
under the laws of the United States, in good standing and having its principal
office in the State of New Jersey, which is authorized under the laws of the
United States to exercise corporate trust powers, is authorized to do business
as a trust company in the State of New York with an address of 100 Williams
Street, Galleria, New York 10038, and is subject to supervision or examination
by Federal authorities and authorities of the States of New Jersey and New York,
and has a combined capital and surplus of in excess of $50 million; and,
therefore, in accordance with Section 21 of the Rights Agreement, is authorized
to act as the Rights Agent thereunder, and

   (3) Does hereby accept the appointment by the Company as the Rights Agent
under the Rights Agreement, as the successor to First Chicago, effective as of
the opening of business on November 1, 2001; and

   (4) Does hereby advise the Company that any and all correspondence, notices,
demands and other written instruments shall be sufficiently given or made to
EquiServe in its capacity as the Rights Agent under the Rights Agreement if sent
by first class mail, postage prepaid, addressed (until another address is filed
in writing with the Company) as follows:

      EquiServe Trust Company, N.A.
      525 Washington Blvd.
      Jersey City, New Jersey 07310

IN WITNESS WHEREOF, EQUISERVE TRUST COMPANY, N.A. has caused this
Acceptance of Appointment as Rights Agent to be duly executed by an officer
thereunto duly authorized as of the 1st day of November, 2001.

                                       EQUISERVE TRUST COMPANY, N.A

                                       By: /s/ Thomas A. Ferrari
                                           ---------------------
                                           Senior Vice President<PAGE>
                                                                     Exhibit 4.5

                       THE GOODYEAR TIRE & RUBBER COMPANY
                              EMPLOYEE SAVINGS PLAN
                                       FOR
                               SALARIED EMPLOYEES
                         (December 31, 2001 Restatement)

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
ARTICLE                                                                                                       PAGE
-------                                                                                                       ----
<S>                                                                                                          <C>
I        THE PLAN................................................................................................. 1

II       DEFINITIONS.............................................................................................. 2

         2.1      Meaning of Definitions.......................................................................... 2

         2.2      Pronouns........................................................................................ 9

III      EMPLOYEE PARTICIPATION...................................................................................10

         3.1      Eligibility and Election to Participate.........................................................10

         3.2      Notification of New Participants................................................................10

         3.3      Effect and Duration.............................................................................10

         3.4      Changes in Employment Status; Transfers of Employment...........................................10

         3.5      Reemployment of a Participant...................................................................11

         3.6      Qualified Military Service......................................................................11

IV       TAX-DEFERRED CONTRIBUTIONS MADE ON BEHALF OF PARTICIPANTS................................................12

         4.1      Tax-Deferred Contributions......................................................................12

         4.2      Amount of Tax-Deferred Contributions............................................................12

         4.3      Limitation on Tax-Deferred Contributions of Highly Compensated Employees........................13

         4.4      Administration..................................................................................14

         4.5      Limitation on Employer Contributions............................................................15

         4.6      Changes in Compensation Reduction Authorization.................................................15

         4.7      Suspension of Contributions.....................................................................15

         4.8      Catch-Up Contributions..........................................................................15

V        AFTER-TAX CONTRIBUTIONS AND ROLLOVER CONTRIBUTIONS.......................................................16

         5.1      After-Tax Contributions.........................................................................16

         5.2      Amount of After-Tax Contributions...............................................................16

         5.3      Administration..................................................................................16

         5.4      Changes in Payroll Deduction Authorization......................................................16
</TABLE>

                                      -i-
<PAGE>

<TABLE>
<CAPTION>
ARTICLE                                                                                                       PAGE
-------                                                                                                       ----
<S>                                                                                                          <C>
         5.5      Rollover Contributions.........................................................................17

VI       MATCHING EMPLOYER CONTRIBUTIONS.........................................................................18

         6.1      Payment of Contributions.......................................................................18

         6.2      Limitation on Amount...........................................................................18

         6.3      Allocation of Matching Employer Contributions..................................................19

         6.4      Prevented Contributions........................................................................19

         6.5      Determination of Annual Employer Contribution Rate.............................................20

         6.6      Determination of Amount of Employer Contribution...............................................20

         6.7      Effect of Plan Termination.....................................................................20

         6.8      Limitation on Matching Employer Contributions and After-Tax Contributions of
                  Highly Compensated Employees...................................................................20

VII      DEPOSIT AND INVESTMENT OF CONTRIBUTIONS.................................................................23

         7.1      Deposit of Contributions.......................................................................23

         7.2      Investment Elections of Participants...........................................................23

         7.3      Election to Transfer Interest Between Funds....................................................23

         7.4      Election to Transfer Matching Employer Contribution Interest from Goodyear
                  Stock Fund.....................................................................................24

VIII     ESTABLISHMENT OF FUNDS AND PARTICIPANTS' ACCOUNTS.......................................................25

         8.1      Establishment of General Fund..................................................................25

         8.2      Investment Funds...............................................................................25

         8.3      Goodyear Stock Fund and Suspense Fund..........................................................26

         8.4      Appointment of Investment Managers.............................................................28

         8.5      Income on Trust Funds..........................................................................28

         8.6      Separate Accounts..............................................................................28

         8.7      Sub-Accounts...................................................................................28

         8.8      Account Balances...............................................................................28

         8.9      Funds from Predecessor Plans...................................................................28

IX       LIMITATIONS ON ALLOCATIONS TO ACCOUNTS..................................................................30

         9.1      Limitation on Crediting of Contributions.......................................................30

         9.2      Scope of Limitation............................................................................34
</TABLE>

                                      -ii-
<PAGE>

<TABLE>
<CAPTION>
ARTICLE                                                                                                       PAGE
-------                                                                                                       ----
<S>                                                                                                          <C>
X        VALUATIONS, DIVIDEND REINVESTMENTS, AND VOTING..........................................................35

         10.1     Valuation of Participant's Interest............................................................35

         10.2     Reinvestment or Distribution of Dividends......................................................36

         10.3     Voting Company Stock...........................................................................36

         10.4     Finality of Determinations.....................................................................36

         10.5     Notification...................................................................................37

         10.6     Procedures Regarding Offers to Acquire Company Stock...........................................37

XI       WITHDRAWALS WHILE EMPLOYED..............................................................................40

         11.1     Withdrawal of After-Tax Contributions..........................................................40

         11.2     Withdrawal of Matching Employer Contributions..................................................40

         11.3     Withdrawal of Tax-Deferred Contributions and Catch-Up Contributions............................40

         11.4     Conditions and Limitations on Hardship Withdrawals.............................................41

         11.5     Special Age 70-1/2 Distribution................................................................42

         11.6     Adjustment of Accounts.........................................................................42

XII      TERMINATION OF PARTICIPATION AND DISTRIBUTION...........................................................43

         12.1     Termination of Participation...................................................................43

         12.2     Vesting of Separate Accounts...................................................................44

         12.3     Distribution...................................................................................44

         12.4     Required Commencement of Distribution..........................................................45

         12.5     Form of Distribution...........................................................................46

         12.6     Election of Former Vesting Schedule............................................................46

         12.7     Buy Back of Forfeited Amounts..................................................................47

         12.8     Disposition of Forfeited Balances..............................................................47

         12.9     Effect of Company's Determination..............................................................48

         12.10    Reemployment of a Former Participant...........................................................48

         12.11    Restrictions on Alienation.....................................................................48

         12.12    Facility of Payment............................................................................49

         12.13    Distributions to Other Qualified Plans.........................................................49

         12.14    ESOP Required Distribution.....................................................................49

         12.15    Right of First Refusal.........................................................................50

         12.16    Rights to Put Company Stock....................................................................50
</TABLE>

                                     -iii-
<PAGE>

<TABLE>
<CAPTION>
ARTICLE                                                                                                       PAGE
-------                                                                                                       ----
<S>                                                                                                          <C>
         12.17    Other Options..................................................................................52

         12.18    Nonterminable Protection and Rights............................................................52

XIII     BENEFICIARIES...........................................................................................53

         13.1     Designation of Beneficiary.....................................................................53

         13.2     Beneficiary in the Absence of Designation......................................................53

XIV      ADMINISTRATION..........................................................................................54

         14.1     Authority of Company...........................................................................54

         14.2     Action of Company..............................................................................54

         14.3     Claims Review Procedure........................................................................55

         14.4     Indemnification................................................................................55

         14.5     Qualified Domestic Relations Orders............................................................56

         14.6     Acquisition Loans..............................................................................56

XV       TRUSTEE AND TRUST AGREEMENT.............................................................................58

XVI      AMENDMENT AND TERMINATION...............................................................................59

         16.1     Amendment......................................................................................59

         16.2     Limitation on Amendment........................................................................59

         16.3     Termination....................................................................................59

         16.4     Withdrawal of an Employer......................................................................60

         16.5     Corporate Reorganization.......................................................................61

XVII     ADOPTION BY SUBSIDIARIES; EXTENSION TO NEW BUSINESS OPERATIONS..........................................62

         17.1     Adoption by Subsidiaries.......................................................................62

         17.2     Extension to New Business Operations...........................................................62

XVIII    MISCELLANEOUS PROVISIONS................................................................................63

         18.1     No Commitment as to Employment.................................................................63

         18.2     Benefits.......................................................................................63

         18.3     No Guarantees..................................................................................63

         18.4     Expenses.......................................................................................63

         18.5     Precedent......................................................................................63
</TABLE>

                                      -iv-
<PAGE>

<TABLE>
<CAPTION>
ARTICLE                                                                                                       PAGE
-------                                                                                                       ----
<S>                                                                                                          <C>
         18.6     Duty to Furnish Information....................................................................63

         18.7     Withholding....................................................................................63

         18.8     Merger, Consolidation, or Transfer of Plan Assets..............................................64

         18.9     Back Pay Awards................................................................................64

         18.10    Condition on Employer Contributions............................................................64

         18.11    Return of Contributions to Participants........................................................65

         18.12    Return of Contributions to an Employer.........................................................65

         18.13    Validity of Plan...............................................................................65

         18.14    Parties Bound..................................................................................65

         18.15    Independent Appraisals.........................................................................65

XIX      TOP-HEAVY PROVISIONS....................................................................................67

         19.1     Applicability..................................................................................67

         19.2     Top-Heavy Definitions..........................................................................67

         19.3     Accelerated Vesting............................................................................69

         19.4     Top-Heavy Employer Contribution................................................................69

         19.5     Adjustments to Section 415 Limitations.........................................................70

         19.6     Compensation Taken Into Account................................................................70

XX       LOANS...................................................................................................71

         20.1     Application for Loan...........................................................................71

         20.2     Reduction of Account Upon Distribution.........................................................71

         20.3     Requirements to Prevent a Taxable Distribution.................................................72

         20.4     Administration of Loan Investment Funds........................................................72

         20.5     Default........................................................................................73

         20.6     Changes in Employment Status and Transfers of Employment Before Loan Is Repaid
                  in Full........................................................................................73

XXI      ELIGIBLE ROLLOVER DISTRIBUTIONS.........................................................................74

         21.1     Direct Rollover................................................................................74

         21.2     Definitions....................................................................................74

XXII     MINIMUM EMPLOYER CONTRIBUTION...........................................................................76

         22.1     Contribution of the Minimum Employer Contribution..............................................76
</TABLE>

                                      -v-
<PAGE>

<TABLE>
<CAPTION>
ARTICLE                                                                                                       PAGE
-------                                                                                                       ----
<S>                                                                                                          <C>
         22.2     Allocation of Minimum Employer Contribution....................................................76

XXIII    MERGER OF CELERON CORPORATION EMPLOYEE SAVINGS PLAN.....................................................78

         23.1     Merger of Plans................................................................................78

         23.2     Establishment of Separate Accounts and Sub-Accounts............................................78

XXIV     MERGER OF BRAD RAGAN, INC. EMPLOYEE SAVINGS PLAN........................................................79

         24.1     Merger of Plans................................................................................79

         24.2     Establishment of Separate Accounts and Sub-Accounts............................................79

XXV      MERGER OF THE GOODYEAR TIRE & RUBBER COMPANY EMPLOYEE SAVINGS PLAN FOR HOURLY EMPLOYEES.................80

         25.1     Merger of Plans................................................................................80

         25.2     Establishment of Separate Accounts and Sub-Accounts............................................80

XXVI     MERGER OF THE GOODYEAR TIRE & RUBBER COMPANY EMPLOYEE SAVINGS PLAN FOR SALARIED
         EXPATRIATE EMPLOYEES....................................................................................81

         26.1     Merger of Plans................................................................................81

         26.2     Establishment of Separate Accounts and Sub-Accounts............................................81
</TABLE>

                                      -vi-
<PAGE>

                       THE GOODYEAR TIRE & RUBBER COMPANY
                              EMPLOYEE SAVINGS PLAN
                                       FOR
                               SALARIED EMPLOYEES
                         (December 31, 2001 Restatement)

                                   ARTICLE I

                                    THE PLAN

         This Plan shall be known as The Goodyear Tire & Rubber Company Employee
Savings Plan for Salaried Employees and constitutes a modification, restatement,
and continuation of The Goodyear Tire & Rubber Company Employee Savings Plan for
Salaried Employees, as heretofore in effect, that was originally effective with
respect to eligible salaried employees as of July 1, 1984. That portion of the
Plan that consists of Matching Employer Contributions and amounts attributable
thereto constitutes a stock bonus plan that is intended to qualify under Section
401(a) of the Internal Revenue Code that is intended to be an employee stock
ownership plan within the meaning of Section 4975(e)(7) of the Internal Revenue
Code and Section 407(d)(6) of the Act, and the remainder of the Plan constitutes
a profit-sharing plan that is intended to qualify under Section 401(a) of the
Internal Revenue Code that includes a qualified cash-or-deferred arrangement
under Section 401(k) of the Internal Revenue Code. This restatement shall be
effective as of December 31, 2001.

                                      -1-
<PAGE>

                                   ARTICLE II

                                   DEFINITIONS

2.1      MEANING OF DEFINITIONS.

         As used herein, the following words and phrases shall have the meanings
         hereinafter set forth, unless a different meaning is plainly required
         by the context:

         (a)      The "Act" shall mean the Employee Retirement Income Security
                  Act of 1974, as amended from time to time. Reference to a
                  section of the Act shall include such section and any
                  comparable section or sections of any future legislation that
                  amends, supplements, or supersedes such section.

         (b)      An "Acquisition Loan" shall mean each loan, assumption of an
                  obligation, or obligation entered into by the Trustee for the
                  purpose of acquiring Company Stock from (a) a "disqualified
                  person" within the meaning of Section 4975(e) of the Code or a
                  "party in interest" within the meaning of Section 3(14) of the
                  Act, or (b) any other person if the obligation payable to such
                  other person is guaranteed by a disqualified person or party
                  in interest, subject to the provisions of Section 14.6.

         (c)      An "After-Tax Contribution" shall mean the amount which a
                  Participant has elected to have deducted from his Compensation
                  in accordance with the provisions of Section 5.1.

         (d)      The "Beneficiary" of a Participant, or of a Former
                  Participant, shall mean the person or persons who, under the
                  provisions of Article XIII, shall be entitled to receive
                  distribution hereunder in the event such Participant or Former
                  Participant dies before his interest shall have been
                  distributed to him in full.

         (e)      A "Catch-Up Contribution" shall mean the pre-tax contribution
                  amount an eligible Participant has elected to have deducted
                  from his Compensation in accordance with the provisions of
                  Section 4.8.

         (f)      The "Code" shall mean the Internal Revenue Code of 1986, as
                  amended from time to time. Reference to a section of the Code
                  shall include such section and any comparable section or
                  sections of any future legislation that amends, supplements,
                  or supersedes such section.

         (g)      The "Company" shall mean The Goodyear Tire & Rubber Company,
                  its corporate successors, and any corporation or corporations
                  into or with which it may be merged or consolidated; and a
                  "subsidiary of the Company" shall mean a subsidiary of the
                  Company or of any of its subsidiaries and shall include any
                  related corporation.

         (h)      The "Company Stock" shall mean common stock of the Company.

                                      -2-
<PAGE>

         (i)      The "Compensation" of a Participant for any period shall mean
                  the entire amount of compensation paid, or which would have
                  been paid except for the provisions of the Plan, any salary
                  reduction election made by the Participant under Section 125
                  of the Code, and after December 31, 2000, any salary reduction
                  election made by the Participant for qualified transportation
                  fringe benefits under Section 132(f)(4) of the Code, to such
                  Participant during such period by reason of his employment as
                  an Employee, including payments made under bonus and
                  profit-sharing plans, commissions, overtime pay, and vacation
                  pay, as recorded in the records of an Employer or any
                  subsidiary of the Company, but excluding any imputed income,
                  any supplemental unemployment benefit payments, any payments
                  under plans imposed by governments other than the United
                  States, any payments made for transportation, any special
                  allowances, or any adjustments to cover conditions or
                  circumstances peculiar to service in foreign countries. The
                  Compensation of a Participant shall not include any payment
                  made (i) in the Common Stock of the Company or in any other
                  security issued by the Company under the Company's Key
                  Personnel Incentive Profit Sharing Plan, or in cash to cover
                  amounts withheld with respect to any such payment in Common
                  Stock or other security issued by the Company; (ii) under the
                  Company's 1982 Employees' Stock Option Plan, or any similar
                  plan, with respect to stock options or stock appreciation
                  rights granted thereunder, whether in the Common Stock of the
                  Company, any other security issued by the Company, or cash; or
                  (iii) in the Common Stock of the Company, in any other
                  security issued by the Company, or in cash under the 1989
                  Goodyear Performance and Equity Incentive Plan, or any similar
                  plan or successor plan, whether such payment is in respect of
                  the grant or exercise of a stock option or a stock
                  appreciation right, the grant or issuance of restricted stock,
                  or any other grant or award thereunder.

                  In addition to other applicable limitations which may be set
                  forth in the Plan and notwithstanding any other contrary
                  provision of the Plan, compensation taken into account under
                  the Plan shall not exceed $150,000, adjusted for changes in
                  the cost of living as provided in Section 401(a)(17)(B) and
                  Section 415(d) of the Code, for the purpose of calculating a
                  Plan Participant's accrued benefit (including the right to any
                  optional benefit provided under the Plan) for any Plan year
                  commencing after December 31, 1993. However, the accrued
                  benefit determined in accordance with this provision shall not
                  be less than the accrued benefit determined on December 31,
                  1993, without regard to this provision.

         (j)      The "Continuous Service" of a Participant shall mean the
                  period of time (computed to the nearest 1/12th of a year)
                  between his Employment Commencement Date and his most recent
                  Severance Date, provided, however, that in the case of a
                  person who is absent from the service of the Employer on
                  account of maternity or paternity reasons, as defined in
                  paragraph (dd) of this Section 2.1, the person's Continuous
                  Service shall not include the period of absence between the
                  first and second anniversaries of the first date of such
                  absence.

                                      -3-
<PAGE>

         (k)      An "Employee" shall mean a "domestic employee," as hereinafter
                  defined, upon the merger of The Goodyear Tire & Rubber Company
                  Employee Savings Plan for Salaried Expatriate Employees into
                  the Plan a "foreign employee," and upon the merger of The
                  Goodyear Tire & Rubber Company Employee Savings Plan for
                  Hourly Employees into the Plan an "hourly employee," other
                  than any such employee (i) who is a "Leased Employee," as
                  hereinafter defined, (ii) who is covered by a collective
                  bargaining agreement unless such agreement or the Plan
                  specifically provides for coverage by the Plan, (iii) who has
                  the job description of "service worker," (iv) who is located
                  and serving at a location operating under the Wingfoot,
                  Allied, Kelly-Springfield Puerto Rico, or Dunlop name, (v) who
                  is a leased employee provided through a non-affiliated service
                  provider, whether or not the employee is a common-law employee
                  of the Company or a subsidiary of the Company, or (vi) who has
                  signed an agreement which comports to classify the employee as
                  an independent contractor, consultant, or third-party, whether
                  or not the employee is a common-law employee of the Company or
                  a subsidiary of the Company.

                  (vii)    A "domestic employee" shall mean any officer or
                           salaried employee of an Employer who is located and
                           serving within the continental United States, Alaska,
                           or Hawaii.

                  (viii)   A "foreign employee" shall mean any officer or
                           salaried employee of an Employer who was a
                           participant in the Plan as a domestic employee and
                           who is located and serving without the continental
                           United States, Alaska, and Hawaii, or any salaried
                           employee of a foreign subsidiary of an Employer if
                           (A) such employee is a citizen or resident of the
                           United States, was a participant in the Plan as a
                           domestic employee, and was transferred to such
                           foreign subsidiary from the employ of an Employer,
                           and (B) pursuant to Section 3121(l) of the Code an
                           agreement is in effect extending the insurance system
                           established by the federal Social Security Act to
                           service outside the United States by employees of
                           such foreign subsidiary who are citizens of the
                           United States.

                  (ix)     For the purposes hereof, a "salaried employee" shall
                           include only an employee who has been designated as
                           such in accordance with the policy of his Employer,
                           which policy shall be applied on a uniform and
                           non-discriminatory basis.

                  (x)      For the purposes hereof, an "hourly employee" shall
                           include only an employee who has been designated as
                           such in accordance with the policy of his Employer,
                           which policy shall be applied on a uniform and
                           non-discriminatory basis.

                  (xi)     A "Leased Employee" shall mean any person who
                           performs services for an Employer (the "recipient")
                           (other than an employee of the recipient) pursuant to
                           an agreement between the recipient and any other
                           person (the "leasing organization") on a
                           substantially full-time basis for a period of at

                                      -4-
<PAGE>

                           least one year, provided that such services are
                           performed under primary direction or control by the
                           recipient. Any Leased Employee, other than an
                           "excludable leased employee," shall be treated as an
                           employee of the Employer for which he performs
                           services for all purposes of the Plan with respect to
                           the provisions of Sections 401(a)(3), (4), (7), and
                           (16), and 408(k), 410, 411, 415, and 416 of the Code;
                           provided, however, that no Leased Employee shall
                           accrue a benefit hereunder based on service as a
                           Leased Employee except as otherwise specifically
                           provided in the Plan.

                  (xii)    An "excludable leased employee" means any Leased
                           Employee of the recipient who is covered by a money
                           purchase pension plan maintained by the leasing
                           organization which provides for (A) a nonintegrated
                           employer contribution on behalf of each participant
                           in the plan equal to at least 10 percent of
                           compensation, (B) full and immediate vesting, and (C)
                           immediate participation by employees of the leasing
                           organization (other than employees who perform
                           substantially all of their services for the leasing
                           organization or whose compensation from the leasing
                           organization in each plan year during the four-year
                           period ending with the plan year is less than
                           $1,000); provided, however, that Leased Employees do
                           not constitute more than 20% of the recipient's
                           nonhighly compensated workforce.

         (l)      An "Employer" shall mean (i) the Company, and (ii) any
                  domestic subsidiary of the Company that adopts the Plan as
                  hereinafter provided, so long as it continues as a subsidiary
                  of the Company.

         (m)      The "Employer Contribution Rate" shall mean the percentage
                  rate to be used by the Employers for a specific Plan year in
                  determining the amount of Matching Employer Contribution for
                  such Plan year.

         (n)      The "Employment Commencement Date" of a Participant shall mean
                  the date on which he first performed an Hour of Service with
                  the Company or any subsidiary of the Company, subject to the
                  following provisions:

                  (i)      If more than 12 months after an employee's Severance
                           Date occurs, such employee again performs an Hour of
                           Service, his Employment Commencement Date shall be
                           advanced by the period of time between such Severance
                           Date and the date he again performed an Hour of
                           Service unless (ii) applies.

                  (ii)     If an employee, who either had been a Participant for
                           less than three continuous years or had less than
                           five years of Continuous Service as of a Severance
                           Date, again performs an Hour of Service more than 12
                           months after such Severance Date, his Employment
                           Commencement Date shall be changed to the date he
                           again performed an Hour of Service, but only if the
                           period of time between such Severance Date and the
                           date such employee again performed an Hour of Service
                           equals or exceeds the greater of five

                                      -5-
<PAGE>

                           years or the period of time between his Employment
                           Commencement Date and such Severance Date.

                  (iii)    If an employee's Severance Date occurs by reason of
                           entering active military service with the armed
                           forces of the United States and if he has
                           reemployment rights with his Employer, his Employment
                           Commencement Date shall not be advanced so long as he
                           returns to employment with the Company or any
                           subsidiary of the Company within the time prescribed
                           by federal law.

                  The "Employment Commencement Date" of a Participant who was an
                  employee of Goodyear Dunlop North America, Ltd. on or after
                  September 1, 1999, who became an Employee after August 1,
                  2000, shall mean the date on which he first performed an Hour
                  of Service for Dunlop Tire Corp. or Goodyear Dunlop North
                  America, Ltd., subject to the foregoing provisions.

         (o)      An "Enrollment Date" shall mean the first day of each month.

         (p)      A "Former Participant" shall mean a Participant who has
                  incurred a Settlement Date but who still has an interest under
                  the Plan.

         (q)      The "General Fund" shall mean the common trust fund
                  established in accordance with the provisions of Section 8.1
                  as required to hold and administer any assets of the Trust
                  Fund that are not allocated among any separate Investment
                  Funds as may be provided in the Plan or Trust Agreement. No
                  General Fund shall be established if all assets of the Trust
                  Fund are allocated among separate Investment Funds.

         (r)      The "Goodyear Stock Fund" shall mean the Investment Fund
                  established in accordance with the provisions of Section 8.3.

         (s)      A "Highly Compensated Employee" shall mean any Employee or a
                  former Employee who is a "highly compensated active employee"
                  or a "highly compensated former employee" as defined
                  hereunder. A "highly compensated active employee" includes any
                  Employee who performs services for an Employer or any related
                  corporation during the Plan year who (i) was a 5% owner, as
                  defined in Section 416(i)(1)(A)(iii) of the Code, at any time
                  during the Plan year or the "look back year," or (ii) received
                  "compensation" from the Employers and related corporations
                  during the "look back year" in excess of $80,000 (subject to
                  adjustment annually at the same time and in the same manner as
                  under Section 415(d) of the Code). A "highly compensated
                  former employee" includes any Employee who (iii) separated
                  from service from an Employer and all related corporations (or
                  is deemed to have separated from service from an Employer and
                  all related corporations) prior to the Plan year, (iv)
                  performed no services for an Employer or any related
                  corporation during the Plan year, and (v) was a "highly
                  compensated active employee" for either the separation year or
                  any Plan year ending on or after the date the Employee
                  attained age 55, as determined under the

                                      -6-
<PAGE>

                  rules in effect under Section 414(q) of the Code for such
                  year. For purposes of this definition, the following terms
                  have the following meanings:

                  (vi)     An employee's "compensation" means compensation as
                           defined in Section 415(c)(3) of the Code and
                           regulations issued thereunder.

                  (vii)    The "look back year" means the calendar year
                           beginning within the 12-month period immediately
                           preceding the Plan year for which the testing is
                           being performed.

         (t)      An "Hour of Service" with respect to a Participant shall mean
                  each hour for which he is paid, or entitled to payment, for
                  the performance of duties for the Company or any subsidiary of
                  the Company. The rules set forth in Department of Labor
                  Regulations Section 2530.200b-2 and Section 2530.200b-3, which
                  relate to determining Hours of Service attributable to reasons
                  other than the performance of duties and crediting hours to
                  computation periods, are hereby incorporated into the Plan by
                  reference. In the case of an employee of Goodyear Dunlop North
                  America, Ltd. on or after September 1, 1999, who became an
                  Employee after August 1, 2000, an "Hour of Service" with
                  respect to a Participant shall include each hour for which he
                  was paid, or entitled to payment, for the performance of
                  duties for Dunlop Tire Corp. or Goodyear Dunlop North America,
                  Ltd.

         (u)      An "Investment Fund" shall mean any separate investment trust
                  fund established from time to time by the Trustee as may be
                  provided in the Plan or the Trust Agreement to which assets of
                  the Trust Fund may be allocated and separately invested.

         (v)      A "Matching Employer Contribution" shall mean the amount which
                  the Employers shall be obligated to contribute to the Plan in
                  accordance with the provisions of Section 6.1.

         (w)      A "Participant" shall mean an Employee who elects to
                  participate in the Plan in accordance with the provisions of
                  Article III, and whose participation has not been terminated.
                  A Participant shall also mean, except for purposes of Section
                  3.1, Section 4.1, and Section 5.1, an Employee who elects to
                  make a rollover contribution to the Plan in accordance with
                  the provisions of Section 5.5, and the alternate payee with
                  respect to a Participant pursuant to a qualified domestic
                  relations order, as defined in Section 414(p) of the Code.

         (x)      The "Plan" shall mean this Employee Savings Plan for Salaried
                  Employees, as from time to time in effect.

         (y)      The "Plan Administrator," which is the administrator for
                  purposes of the Act and the plan administrator for purposes of
                  the Code, shall mean the Company.

         (z)      A "Plan year" shall mean:

                  (i)      For Plan years beginning prior to January 1, 1998,
                           the calendar year;

                                      -7-
<PAGE>

                  (ii)     For the Plan year beginning on January 1, 1998, the
                           period commencing on January 1, 1998, and ending on
                           December 30, 1998; and

                  (iii)    For the Plan years beginning after December 30, 1998,
                           the 12-month period commencing on December 31 and
                           ending on December 30.

         (aa)     A "related corporation" shall mean any corporation, other than
                  an Employer, which is a member of a controlled group of
                  corporations of which an Employer is a member as determined
                  under Section 1563(a) of the Code, without regard to Section
                  1563(a)(4) and Section 1563(e)(3)(C) of the Code. Furthermore,
                  the term shall include any trade or business (whether or not
                  incorporated), other than an Employer, which is a member of a
                  group under common control of which an Employer is also a
                  member, as determined under Section 414(c) of the Code. The
                  term shall also include each organization, other than an
                  Employer, that is a member of an affiliated service group of
                  which an Employer is also a member as determined under Section
                  414(m) of the Code, and any entity, other than an Employer,
                  which is required to be aggregated with an Employer under
                  Section 414(o) of the Code.

         (bb)     A "separate account" shall mean the account maintained by the
                  Trustee in the name of a Participant that reflects his
                  interest in the Trust Fund and any sub-accounts established
                  thereunder, as provided in Article VIII.

         (cc)     The "Settlement Date" of a Participant shall mean the date on
                  which a Participant ceases to be a Participant in accordance
                  with Section 12.1.

         (dd)     The "Severance Date" of a Participant shall mean the earliest
                  of (i) the date on which he retires, dies, quits, or is
                  discharged; or (ii) the date on which he ceases to accrue
                  continuous service credit in accordance with the uniform
                  policy adopted by his Employer with respect to leaves of
                  absence or layoffs, but in no event earlier than the first
                  anniversary of the first day of a period in which he remains
                  absent (with or without pay) from the service of the Company
                  and all subsidiaries of the Company. Notwithstanding the
                  foregoing, the Severance Date of a Participant who is absent
                  from the service of his Employer for maternity or paternity
                  reasons beginning on or after January 1, 1985, shall be the
                  second anniversary of the first date of such absence. For
                  purposes of this paragraph (dd), an absence from employment
                  for maternity or paternity reasons means an absence due to (1)
                  the pregnancy of the Employee, (2) the birth of a child of the
                  Employee, (3) the placement of a child with the Employee in
                  connection with the adoption of such child by the Employee, or
                  (4) the provision of parental care for such child for a period
                  beginning immediately following such birth or placement. An
                  absence from work will be treated as an absence for maternity
                  or paternity reasons only if and to the extent that the
                  Employee furnishes to the Company such timely information as
                  it may reasonably require to establish that the absence is for
                  one or more of the four maternity or paternity reasons
                  specified herein and to establish the number of days of
                  absence attributable to such reason or reasons.
                  Notwithstanding the foregoing, the transfer of an Employee to
                  Dunlop Tires

                                      -8-
<PAGE>

                  North America, Ltd after September 1, 1999, shall not cause a
                  Severance Date to occur; the Employee will not incur a
                  Severance Date until a Severance Date occurs for such Employee
                  with respect to Dunlop Tires North America, Ltd or an Employer
                  and all related corporations; and such Employee's Continuous
                  Service shall include service at Dunlop Tires North America,
                  Ltd after September 1, 1999.

         (ee)     The "Suspense Fund" shall mean the trust fund established and
                  maintained in accordance with the provisions of Section 8.3.

         (ff)     The "Tax-Deferred Contribution" with respect to a Participant
                  shall mean the percentage by which a Participant has elected
                  to have his Compensation reduced in accordance with Section
                  4.1 and which shall be contributed to the Plan on his behalf
                  by his Employer in accordance with the provisions of Section
                  4.4.

         (gg)     The "Trust Agreement" shall mean the agreement entered into
                  between the Company and the Trustee, as provided in Article XV
                  hereof, together with all amendments thereto.

         (hh)     The "Trustee" shall mean the trustee which at the time shall
                  be designated, qualified, and acting under the Trust
                  Agreement.

         (ii)     The "Trust Fund" shall mean the trust maintained by the
                  Trustee under the Trust Agreement, which trust is called the
                  "Trust Fund for The Goodyear Tire & Rubber Company Employee
                  Savings Plan for Salaried Employees."

         (jj)     A "valuation date" shall mean each business day of the Plan
                  year.

2.2      PRONOUNS.

         The masculine pronoun wherever used herein shall include the feminine
in any case so requiring.

                                      -9-
<PAGE>

ARTICLE III

                             EMPLOYEE PARTICIPATION

3.1      ELIGIBILITY AND ELECTION TO PARTICIPATE.

         Each Employee who is a Participant under the Plan on January 1, 1997,
         shall continue as a Participant on and after that date. Each other
         Employee shall become a Participant as of the Enrollment Date next
         following the date on which he completes three months of Continuous
         Service, or any subsequent Enrollment Date, if he has timely filed with
         the Company an election in the manner and form as prescribed by the
         Company. An Employee's election shall contain (a) his authorization for
         his Employer to reduce his Compensation and to make Tax-Deferred
         Contributions on his behalf in accordance with the provisions of
         Sections 4.1 and 4.2, (b) an authorization for his Employer to make any
         payroll deductions with respect to his After-Tax Contributions to the
         Plan in accordance with the provisions of Sections 5.1 and 5.2, (c) his
         authorization for his employer to reduce his Compensation and make
         Catch-Up Contributions on his behalf in accordance with the provisions
         of Section 4.8, and (d) his election as to the investment of his
         Tax-Deferred Contributions, After-Tax Contributions and Catch-Up
         Contributions in accordance with the provisions of Section 7.2. An
         Employee's election to become a Participant under this Section 3.1
         shall be timely only if received by the Company in the manner and form
         as prescribed by the Company by the 15th day of the month prior to the
         Enrollment Date as of which his participation is to become effective.

3.2      NOTIFICATION OF NEW PARTICIPANTS.

         As soon as practicable after each Enrollment Date, each Employer shall
         notify the Company of Employees becoming Participants on such date.

3.3      EFFECT AND DURATION.

         Upon becoming a Participant, an Employee shall be entitled to the
         benefits and shall be bound by all the terms and conditions of the Plan
         and the Trust Agreement. Each Employee who becomes a Participant shall
         remain a Participant until his participation is terminated as provided
         in Article XII.

3.4      CHANGES IN EMPLOYMENT STATUS; TRANSFERS OF EMPLOYMENT.

         If an Employee who is a Participant ceases to be an Employee but
         continues in the employment of (i) an Employer in some other capacity
         or (ii) a related corporation, he shall nevertheless continue as a
         Participant until his status as a Participant is otherwise terminated
         in accordance with the provisions of the Plan. In either case, such
         Participant shall share in Matching Employer Contributions for any
         payroll period of such participation only to the extent and on the
         basis of Tax-Deferred Contributions made on his behalf for such payroll
         period and his After Tax Contributions made during such payroll period;
         no Tax-Deferred Contributions or Catch-Up Contributions shall be made
         on behalf of such Participant in accordance with the terms of his
         Compensation reduction authorization except on the basis of his
         Compensation for services as an Employee; and

                                      -10-
<PAGE>

         such Participant shall not be permitted to make After-Tax Contributions
         or Catch-Up Contributions at any time during which he is employed in
         any capacity other than as an Employee. Moreover, if a person is
         transferred directly from employment (iii) with an Employer in a
         capacity other than as an Employee or (iv) with a related corporation
         to employment with an Employer as an Employee, he shall become a
         Participant as of the date he is so transferred if he had completed
         three months of Continuous Service as of the immediately preceding
         Enrollment Date and if he makes his election in accordance with the
         provisions of Section 3.1.

3.5      REEMPLOYMENT OF A PARTICIPANT.

         If a retired or Former Participant is reemployed by an Employer or a
         related corporation after he incurs a Settlement Date under Section
         12.1, he shall again become a Participant on the date he is reemployed
         by an Employer and makes his election in accordance with the provisions
         of Section 3.1, unless he is not reemployed as an Employee, in which
         case he shall again become a Participant on the first date thereafter
         on which he does become an Employee if he has properly made such
         election.

3.6      QUALIFIED MILITARY SERVICE.

         Notwithstanding any provision of this Plan to the contrary,
         contributions, benefits and service credit with respect to qualified
         military service will be provided in accordance with Section 414(u)(4)
         of the Code.

                                      -11-
<PAGE>

                                   ARTICLE IV

                           TAX-DEFERRED CONTRIBUTIONS
                         MADE ON BEHALF OF PARTICIPANTS

4.1      TAX-DEFERRED CONTRIBUTIONS.

         The provisions of this Section 4.1 and Section 4.2 shall be subject to
         the provisions of Sections 3.1, 3.4, 4.6, and 4.7. Commencing with the
         first payment of Compensation to a Participant on or after the
         Enrollment Date occurring on February 1, 1996, or the Enrollment Date
         as of which he becomes a Participant, if later, each Participant shall
         elect to have Tax-Deferred Contributions made to the Plan on his behalf
         by his Employer as hereinafter provided.

4.2      Amount of Tax-Deferred Contributions.

         The amount of Tax-Deferred Contributions to be made to the Plan on
         behalf of a Participant by his Employer shall be an integral percentage
         of his Compensation of not less than one percent nor more than fifty
         percent and shall not, when aggregated with all other elective
         deferrals of the Participant with respect to the calendar year, exceed
         $10,500 (or such adjusted amount established by the Secretary of the
         Treasury pursuant to Section 402(g)(5) of the Code). The percentage
         rate of Tax-Deferred Contributions to be made on a Participant's
         behalf, when combined with his percentage rate of After-Tax
         Contributions, shall in no event exceed fifty percent of his
         Compensation. In the event a Participant so elects to have his Employer
         make Tax-Deferred Contributions on his behalf, his Compensation shall
         be reduced for each payroll period by the percentage he elects to have
         contributed on his behalf to the Plan in accordance with the terms of
         the Compensation reduction authorization in effect pursuant to Section
         3.1 or 4.6, subject, however, to the $9,500 (or adjusted) annual
         aggregate limitation on Tax-Deferred Contributions and other elective
         deferrals. In the event that a Participant's aggregate elective
         deferrals with respect to a calendar year, including his Tax-Deferred
         Contributions hereunder, exceed the then applicable annual aggregate
         limitation on elective deferrals, the Participant, not later than the
         first March 1 following the close of the calendar year, may allocate
         the excess deferrals among the plans under which the deferrals occurred
         and notify each plan of the portion allocated to it, and the Company,
         not later than the first April 15 following the close of the calendar
         year, shall distribute to the Participant the annual amount of the
         excess deferral allocated to the Plan and any income allocable thereto,
         provided, however, that any such distributed excess deferral shall
         nevertheless be taken into account for purposes of computing deferral
         percentages for the Plan year under Section 4.3. In any case where an
         excess deferral has been distributed to a Participant pursuant to this
         Section 4.2, any Matching Employer Contributions attributable to such
         distributed excess deferral (and the income allocable thereto) shall be
         forfeited by the Participant at the time of the distribution and shall
         be treated as a forfeiture under the Plan as of the last day of the
         month in which the distribution occurs in accordance with the
         provisions of Section 12.8. The amount of excess deferrals to be
         distributed for a taxable year will be reduced by excess

                                      -12-
<PAGE>

         contributions previously distributed or recharacterized under Section
         4.3 for the Plan year beginning in such taxable year.

4.3      LIMITATION ON TAX-DEFERRED CONTRIBUTIONS OF HIGHLY COMPENSATED
         EMPLOYEES.

         Notwithstanding anything to the contrary contained in the Plan, no
         Tax-Deferred Contributions made with respect to a Plan year on behalf
         of eligible Highly Compensated Employees may result in an average
         deferral percentage for Highly Compensated Employees that exceeds the
         greater of:

         (a)      a percentage that is equal to 125 percent of the average
                  deferral percentage for all other eligible Employees for the
                  preceding Plan year; or

         (b)      a percentage that is not more than 200 percent of the average
                  deferral percentage for all other eligible Employees for the
                  preceding Plan year and that is not more than two percentage
                  points higher than the average deferral percentage for all
                  other eligible Employees for the preceding Plan year.

         For purposes of applying the limitation contained in this Section 4.3,
         the deferral percentage for any Highly Compensated Employee who is
         eligible to have contributions made on his behalf under two or more
         arrangements described in Section 401(k) of the Code that are
         maintained by an Employer or a related corporation shall be determined
         as if all such contributions and any contributions described in Section
         401(k)(3)(D) of the Code were made under a single arrangement. The
         maximum amount permitted to be contributed to the Plan on a Highly
         Compensated Employee's behalf under this Section 4.3 shall be
         determined by reducing Tax-Deferred Contributions made on behalf of
         Highly Compensated Employees in order of their actual deferral
         percentages beginning with the highest amount of such contributions.

         In the event that Tax-Deferred Contributions with respect to a Plan
         year for eligible Highly Compensated Employees would otherwise exceed
         the limit specified in the preceding paragraph, the Tax-Deferred
         Contributions made with respect to a Highly Compensated Employee that
         exceed the maximum amount permitted to be contributed to the Plan on
         his behalf under this Section 4.3 will be excess contributions and,
         along with the income but minus the loss allocable thereto, shall be
         distributed to the Highly Compensated Employees prior to the end of the
         next following Plan year, or, alternatively, to the extent provided in
         regulations, shall become After-Tax Contributions at the election of
         the Highly Compensated Employees and shall be subject to the provisions
         of the Plan applicable thereto; provided, however, that excess
         contributions will not be recharacterized with respect to a Highly
         Compensated Employee to the extent that the recharacterized amounts, in
         combination with After-Tax Contributions actually made by the Highly
         Compensated Employee, exceed the maximum amount of After-Tax
         Contributions (determined prior to applying Section 401(m)(2)(A) of the
         Code) that the Employee is permitted to make under the Plan in the
         absence of recharacterization, and that recharacterized excess
         contributions will remain subject to the nonforfeitability requirements
         and distribution limitations that apply to Tax-Deferred Contributions.
         The amount of excess contributions to be distributed or recharacterized
         shall be reduced by

                                      -13-
<PAGE>

         excess deferrals previously distributed under Section 4.2 for the
         taxable year ending in the same Plan year. If such excess contributions
         are distributed more than 2-1/2 months after the last day of the Plan
         year for which the excess occurred, an excise tax may be imposed under
         Section 4979 of the Code on the Employer maintaining the plan with
         respect to such amounts. If such excess contributions are not
         distributed by the close of the Plan year following the Plan year for
         which the excess occurred, the cash or deferred arrangement will fail
         to satisfy the requirements of Section 401(k)(3) of the Code for the
         Plan year for which the excess occurred and for all subsequent years
         the excess contributions remain in the Trust. The income allocable to
         excess Tax-Deferred Contributions shall be determined by multiplying
         the gain or loss allocable for the Plan year to the Tax-Deferred
         Contributions by a fraction, the numerator of which is the amount of
         the Participant's excess Tax-Deferred Contributions and the denominator
         of which is the sum of (i) the balance of the Participant's
         sub-accounts reflecting the Tax-Deferred Contributions as of the
         beginning of the Plan year, plus (ii) the Tax-Deferred Contributions
         made on behalf of the Participant. The amount eligible to be
         distributed or alternatively recharacterized as After-Tax Contributions
         shall be determined by reducing the maximum percentage of Tax-Deferred
         Contributions from fifty percent to such smaller percentage that will
         result in the limits set forth above not being exceeded, in accordance
         with procedures adopted by the Company. Each Highly Compensated
         Employee affected by a reduction in the percentage of Tax-Deferred
         Contributions being made on his behalf shall be notified by the Company
         of the reduction as soon as practicable. For purposes of this Section
         4.3, the "deferral percentage" of an Employee for a Plan year shall be
         the ratio of his Tax-Deferred Contributions with respect to the Plan
         year to his Compensation for such Plan year; an "eligible Employee"
         shall mean an Employee who has met the eligibility requirements of
         Section 3.1 to become a Participant, whether or not he has become a
         Participant; and an "eligible Highly Compensated Employee" shall mean a
         Highly Compensated Employee who has met the eligibility requirements of
         Section 3.1 to become a Participant, whether or not he has become a
         Participant. In any case where an amount of Tax-Deferred Contributions
         has been distributed to a Participant in order to satisfy the
         limitations of this Section 4.3, any Matching Employer Contributions
         attributable to such distributed Tax-Deferred Contributions (and the
         income allocable thereto) shall be forfeited by the Participant at the
         time of the distribution and shall be treated as a forfeiture under the
         Plan as of the last day of the month in which the distribution occurs
         in accordance with the provisions of Section 12.8.

4.4      ADMINISTRATION.

         Each Employer shall cause to be delivered to the Trustee in cash all
         Tax-Deferred Contributions made with respect to payroll periods ending
         during each calendar month in accordance with the provisions of Section
         4.2, but not later than the 30th day of the next succeeding calendar
         month. Subject to the provisions of Article X, the Trustee shall credit
         the amount of Tax-Deferred Contributions made by each Employer on
         behalf of each Participant for each payroll period ending during a
         calendar month and received by it to such Participant's separate
         account no later than the last day of such month.

                                      -14-
<PAGE>

4.5      LIMITATION ON EMPLOYER CONTRIBUTIONS.

         Notwithstanding anything to the contrary contained in the Plan, each
         Employer's contribution to the Plan for any Plan year shall be made
         only out of the current or net income of such Employer and shall not
         exceed the limitation specified in Section 6.2.

4.6      CHANGES IN COMPENSATION REDUCTION AUTHORIZATION.

         A Participant may change the percentage of his Compensation that his
         Employer contributes on his behalf as a Tax-Deferred Contribution as of
         the first day of any calendar month by filing an amended Compensation
         reduction authorization with the Company by the 15th day of the month
         prior to the date with respect to which such change is to become
         effective, in the manner and form, or at such other time, as prescribed
         by the Company, except that he shall be limited to selecting an
         integral percentage of his Compensation of not less than zero percent
         or more than fifty percent. The percentage rate of Tax-Deferred
         Contributions to be made on a Participant's behalf, when combined with
         his percentage rate of After-Tax Contributions, shall in no event
         exceed fifty percent of his Compensation. Tax-Deferred Contributions
         shall be made on behalf of such Participant by his Employer, pursuant
         to his amended Compensation reduction authorization filed in accordance
         with the foregoing provisions of this Section 4.6, commencing with
         Compensation paid to such Participant on or after the date with respect
         to which such filing is effective, until otherwise altered or
         terminated in accordance with the Plan.

4.7      SUSPENSION OF CONTRIBUTIONS.

         A Participant's Tax-Deferred Contributions with respect to a calendar
         year shall automatically be suspended on the date that his Tax-Deferred
         Contributions for the calendar year first equal or exceed $10,500 (or
         such adjusted amount established by the Secretary of the Treasury
         pursuant to Section 402(g)(5) of the Code), except to the extent
         permitted under Section 4.8 and Section 414(v) of the Code, if
         applicable. Any such automatic suspension shall be in effect only for
         the remaining portion, if any, of the then current calendar year.

4.8      CATCH-UP CONTRIBUTIONS

         All employees who are eligible to make elective deferrals under this
         Plan and who have attained age 50 before the close of the Plan year
         shall be eligible to make catch-up contributions after December 31,
         2001, in accordance with, and subject to the limitations of, Section
         414(v) of the Code. Such catch-up contributions shall not be taken into
         account for purposes of the provisions of the Plan implementing the
         required limitations of Sections 402(g) and 415 of the Code. The Plan
         shall not be treated as failing to satisfy the provisions of the Plan
         implementing the requirements of Section 401(k)(3), 401(k)(11),
         401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the
         making of such catch-up contributions.

                                      -15-
<PAGE>

                                   ARTICLE V

               AFTER-TAX CONTRIBUTIONS AND ROLLOVER CONTRIBUTIONS

5.1      AFTER-TAX CONTRIBUTIONS.

         The provisions of this Section 5.1 and Section 5.2 shall be subject to
         the provisions of Sections 3.1, 3.4, 5.4, and 5.5. Commencing with the
         first payment of Compensation to a Participant on or after the
         Enrollment Date as of which he becomes a Participant, each Participant
         whose percentage rate of Tax-Deferred Contributions would otherwise be
         limited by paragraph (a) or (b) of Section 4.3 may, in addition to any
         Tax-Deferred Contributions that are being made on his behalf, make an
         After-Tax Contribution to the Plan as hereinafter provided.

5.2      AMOUNT OF AFTER-TAX CONTRIBUTIONS.

         A Participant may make an After-Tax Contribution to the Plan that shall
         be an integral percentage of his Compensation of not less than one
         percent or more than fifty percent. The percentage rate of After-Tax
         Contributions, when combined with the percentage rate of Tax-Deferred
         Contributions to be made on such Participant's behalf, shall in no
         event exceed fifty percent of his Compensation. Each Participant who is
         contributing under this Section 5.2 shall have the amount of his
         After-Tax Contribution deducted from his Compensation by his Employer
         no less frequently than once each calendar month in accordance with the
         terms of the payroll deduction authorization in effect for such
         Participant pursuant to Section 3.1 or 5.4.

5.3      ADMINISTRATION.

         Each Employer shall cause to be delivered to the Trustee in cash all
         After-Tax Contributions deducted from the Compensation of Participants
         with respect to each payroll period ending during each calendar month
         in accordance with the provisions of Section 5.2, but not later than
         the 30th day of the next succeeding calendar month. Subject to the
         provisions of Article X, the Trustee shall credit the amount of
         After-Tax Contributions made by each Participant for each payroll
         period ending during a calendar month and received by it to such
         Participant's separate account no later than the last day of such
         month.

5.4      CHANGES IN PAYROLL DEDUCTION AUTHORIZATION.

         A Participant may change the percentage of his Compensation that he
         contributes to the Plan as his After-Tax Contributions or terminate
         such After-Tax Contributions as of the first day of any calendar month
         by providing an amended payroll deduction authorization by the 15th day
         of the month prior to the date on which such change is to become
         effective, in the manner and form, or at such other time, as prescribed
         by the Company. Furthermore, a Participant whose Tax-Deferred
         Contributions have, in whole or in part, been recharacterized as
         After-Tax Contributions in accordance with the provisions of Section
         4.3 may change the percentage of his Compensation that he contributes
         to the Plan as his After-Tax Contributions as of the first day of any
         calendar month by

                                      -16-
<PAGE>

         providing an amended payroll deduction authorization by the 15 day of
         the month prior to the date on which such change is to become
         effective, in the manner and form, or at such other time, as provided
         by the Company. In any such case, a Participant shall be limited to
         selecting an integral percentage of his Compensation of not less than
         zero percent nor more than fifty percent. The percentage rate of
         After-Tax Contributions, when combined with the percentage rate of
         Tax-Deferred Contributions to be made on such Participant's behalf,
         shall in no event exceed fifty percent of his Compensation. After-Tax
         Contributions shall be made by such Participant, and deducted by his
         Employer, pursuant to his amended payroll deduction authorization filed
         in accordance with the foregoing provisions of this Section 5.4,
         commencing with Compensation paid to such Participant on or after the
         date with respect to which such filing is effective, until otherwise
         altered or terminated in accordance with the Plan.

5.5      ROLLOVER CONTRIBUTIONS.

         Any Employee, regardless of whether he has satisfied the eligibility
         requirements of Section 3.1, Participant, or Former Participant who was
         a participant in another plan qualified under Sections 401 or 403 of
         the Code and who receives an eligible rollover distribution within the
         meaning of Section 402(c)(4) of the Code from such plan may elect to
         make a rollover contribution to the Plan. An Employee, Participant, or
         Former Participant shall make a rollover contribution to the Plan
         either by a direct rollover pursuant to Section 401(a)(31) of the Code,
         or by delivering, or causing to be delivered, to the Trustee the cash
         that constitutes the rollover contribution amount within (60) days of
         receipt of the distribution from such other plan, in either case in the
         manner prescribed by the Company. A separate sub-account shall be
         established pursuant to Section 8.7 for the rollover contribution, and
         the rollover contribution shall be invested pursuant to the investment
         election of the Employee, Participant, or Former Participant in effect
         under Section 7.2 with respect to the investment of Tax-Deferred
         Contributions and After-Tax Contributions. An Employee, Participant, or
         Former Participant who makes a rollover contribution to the Plan who
         does not already have an investment election in place under Section 7.2
         shall also make such an investment election. An Employee's,
         Participant's, or Former Participant's interest in his sub-account for
         rollover contributions shall be fully vested at all times.

                                      -17-
<PAGE>

                                   ARTICLE VI

                         MATCHING EMPLOYER CONTRIBUTIONS

6.1      PAYMENT OF CONTRIBUTIONS.

         Each Employer shall cause to be paid to the Trustee as its Matching
         Employer Contribution hereunder for each payroll period an amount that
         is equal to the Employer Contribution Rate multiplied by the aggregate
         of:

         (a)      the Tax-Deferred Contribution made by such Employer on behalf
                  of each Participant with respect to such payroll period; plus

         (b)      the After-Tax Contribution made by each Participant during
                  such payroll period based on Compensation paid by such
                  Employer during such payroll period;

         provided, however, that such aggregate amount shall not include any
         portion of the sum of the Tax-Deferred Contributions and After-Tax
         Contributions of a Participant with respect to such payroll period that
         is in excess of six percent of his Compensation for such payroll
         period. In addition to the Matching Employer Contribution payable
         pursuant to the immediately preceding sentence, for each payroll period
         each Employer shall cause to be paid to the Trustee a further Matching
         Employer Contribution (an "additional Matching Employer Contribution")
         for the account of each Participant employed by the Employer who, prior
         to such payroll period, had all of his Tax-Deferred Contributions and
         After-Tax Contributions suspended (either voluntarily or involuntarily)
         at a time when the aggregate of such contributions for the calendar
         year exceeded six percent of his Compensation paid during the calendar
         year and prior to the suspension. The additional Matching Employer
         Contribution payable with respect to a payroll period for the account
         of a Participant described in the preceding sentence is to equal the
         Employer Contribution Rate multiplied by six percent of the
         Compensation paid to him for such payroll period; provided, however,
         that such additional Matching Employer Contribution shall be paid for
         the account of a Participant only until such time as the aggregate
         amount of his Tax-Deferred Contributions and After-Tax Contributions
         for the calendar year equals six percent of the Compensation that has
         been paid to him with respect to the calendar year. All Matching
         Employer Contributions for any payroll period ending during a calendar
         month shall be paid in cash or in Company Stock to the Trustee not
         later than the 30th day of the next succeeding calendar month. In any
         case, the Matching Employer Contribution for each payroll period ending
         during a calendar month, regardless of when actually paid, shall for
         all purposes of the Plan be deemed to have been made no later than the
         last day of such month.

6.2      LIMITATION ON AMOUNT.

         Notwithstanding anything to the contrary contained in the Plan, the
         Matching Employer Contributions of the Employers for any Plan year,
         when combined with the Tax-Deferred Contributions made by the Employers
         for such Plan year, shall be made only out of the current or
         accumulated net income of the respective Employers and shall in no
         event

                                      -18-
<PAGE>

         exceed (i) the maximum amount which will constitute an allowable
         deduction for such year to the Employers under Section 404 of the Code,
         (ii) the maximum amount which may be contributed by the Employers under
         Section 415 of the Code, or (iii) the maximum amount which may be
         contributed pursuant to any wage stabilization law, or any regulation,
         ruling, or order issued pursuant to law.

6.3      ALLOCATION OF MATCHING EMPLOYER CONTRIBUTIONS.

         The Matching Employer Contributions for each payroll period ending
         during a calendar month shall be allocated no later than the last day
         of such month among Participants and Former Participants on whose
         behalf Tax-Deferred Contributions were made or who made After-Tax
         Contributions during such payroll period. The allocation to be made to
         each such Participant and Former Participant for such payroll period
         shall be an amount equal to the Employer Contribution Rate multiplied
         by the aggregate of (a) the amount contributed to the Plan on his
         behalf as a Tax-Deferred Contribution for such payroll period, plus (b)
         the amount he contributed to the Plan as an After-Tax Contribution for
         such payroll period; provided, however, that such aggregate amount
         shall not include any portion of the sum of the Tax-Deferred
         Contributions and After-Tax Contributions of the Participant with
         respect to a payroll period that is in excess of six percent of his
         Compensation for such payroll period. An Employer's Matching Employer
         Contribution for a Participant or Former Participant shall be allocated
         with respect to the Tax-Deferred Contributions made on his behalf and
         his After-Tax Contributions only to the extent that such Tax-Deferred
         Contributions and such After-Tax Contributions are based on
         Compensation paid, or which would have been paid but for the provisions
         of the Plan, by such Employer during such payroll period. Further, a
         Participant or Former Participant with respect to whom an Employer has
         made an additional Matching Employer Contribution for a calendar month
         in accordance with Section 6.1 shall receive an allocation equal to the
         amount of such additional Matching Employer Contribution made for his
         account. Subject to the provisions of Article IX, the Trustee shall
         credit the amount so allocated to each such Participant or Former
         Participant to his separate account no later than the last day of the
         month during which such payroll period ends.

6.4      PREVENTED CONTRIBUTIONS.

         The provisions of this Section 6.4 shall be given full force and effect
         notwithstanding anything to the contrary, other than Section 6.2,
         contained in the Plan. In the event that any Employer which together
         with any other Employers hereunder constitutes an affiliated group
         within the meaning of Section 1504 of the Code is prevented from paying
         any part or all of its contribution to be made for any Plan year
         hereunder by reason of its having no current or accumulated net income
         or because such net income is less than the contribution which such
         Employer would otherwise have made, then the amount thereof so
         prevented shall be paid by the other Employers in such affiliated
         group, in such proportion and to such extent as prescribed under
         Section 404(a)(3)(B) of the Code. Such amount for all purposes of the
         Plan shall be deemed to be a contribution made for such Plan year by
         the Employer on behalf of which it was made. In the event an Employer
         which is not a member of such an affiliated group is prevented from
         paying all

                                      -19-
<PAGE>

         or part of its contribution for any Plan year, the amount so prevented
         shall not be paid by any other Employer.

6.5      DETERMINATION OF ANNUAL EMPLOYER CONTRIBUTION RATE.

         The Board of Directors of the Company shall determine the percentage to
         be used as the Employer Contribution Rate for each Plan year. The
         Employer Contribution Rate for a specific Plan year shall be announced
         to Employees by November 15 of the preceding Plan year.

6.6      DETERMINATION OF AMOUNT OF EMPLOYER CONTRIBUTION.

         The Company shall determine the amount to be contributed by each
         Employer for each payroll period in accordance with the provisions of
         the Plan.

6.7      EFFECT OF PLAN TERMINATION.

         Notwithstanding anything to the contrary contained in the Plan, any
         termination of the Plan shall terminate the liability of the Employers
         to make further contributions to the Plan, other than contributions for
         any payroll period ended prior to the time of such termination, and
         other than the Minimum Employer Contribution under Section 22.1.

6.8      LIMITATION ON MATCHING EMPLOYER CONTRIBUTIONS AND AFTER-TAX
         CONTRIBUTIONS OF HIGHLY COMPENSATED Employees.

         Notwithstanding anything to the contrary contained in the Plan, no
         Matching Employer Contributions or After-Tax Contributions made with
         respect to a Plan year on behalf of eligible Highly Compensated
         Employees may result in an average contribution percentage for Highly
         Compensated Employees that exceeds the greater of

         (a)      a percentage that is equal to 125 percent of the average
                  contribution percentage for all other eligible Employees for
                  the preceding Plan year, or

         (b)      a percentage that is not more than 200 percent of the average
                  contribution percentage for all other eligible Employees for
                  the preceding Plan year and that is not more than two
                  percentage points higher than the average contribution
                  percentage for all other eligible Employees for the preceding
                  Plan year.

         In the event the Matching Employer Contributions and After-Tax
         Contributions with respect to a Plan year for eligible Highly
         Compensated Employees would otherwise exceed the limit specified in the
         preceding sentence, a certain amount of the Matching Employer
         Contributions and After-Tax Contributions, along with the income but
         minus the losses allocable thereto, shall be distributed or forfeited
         prior to the end of the next following Plan year, with such certain
         amount and the treatment thereof to be determined as follows:

         (c)      First, the maximum percentage of After-Tax Contributions shall
                  be reduced, in accordance with procedures adopted by the
                  Company, from fifty percent to the

                                      -20-
<PAGE>

                  greater of six percent or such percentage that will result in
                  the average contribution percentage limit specified above not
                  being exceeded, and the excess amount of After-Tax
                  Contributions attributable to such reduction shall be
                  distributed to the Highly Compensated Employees who made the
                  excess contributions;

         (d)      second, if application of (c) does not cause the Plan to meet
                  the average contribution percentage limit specified above, the
                  maximum percentage of After-Tax Contributions shall be further
                  reduced from six percent to such smaller percentage that,
                  taking into account the reduction in the After-Tax
                  Contributions and the loss of the Matching Employer
                  Contribution related thereto, will result in the average
                  contribution percentage limit specified above not being
                  exceeded, and the excess amount of After-Tax Contributions
                  attributable to such reduction shall be distributed to the
                  Highly Compensated Employees who made the excess
                  contributions;

         (e)      third, if (d) is applicable, and a Highly Compensated Employee
                  receiving a distribution thereunder of excess After-Tax
                  Contributions was fully vested in amounts credited to his
                  Goodyear Stock Fund Account as of the time such excess
                  contribution occurred, that portion of the Matching Employer
                  Contribution for such Plan year that relates to the After-Tax
                  Contributions distributed under (d) shall also be distributed
                  to the Highly Compensated Employee; and

         (f)      fourth, if (d) is applicable but (e) is not applicable, that
                  portion of the Matching Employer Contribution for such Plan
                  year that relates to the After-Tax Contribution distributed
                  under (d) shall be treated as a forfeiture under the Plan as
                  of the last day of the next following Plan year.

         The income allocable to excess Matching Employer Contributions and
         After-Tax Contributions shall be determined in the same manner set
         forth in Section 4.3, by substituting "excess Matching Employer
         Contributions and After-Tax Contributions" for "excess Tax-Deferred
         Contributions." For purposes of this Section 6.8, the "contribution
         percentage" of an Employee for a Plan year shall be the ratio of his
         aggregate After-Tax Contributions and Matching Employer Contributions
         with respect to the Plan year to his Compensation for such Plan year,
         except that, to the extent permitted by regulations to be promulgated
         by the Secretary of the Treasury, the Company may elect to take into
         account in computing the numerator of each eligible Employee's
         Contribution percentage the Tax-Deferred Contribution made on behalf of
         the eligible Employee for the Plan year; an "eligible Employee" shall
         mean an Employee who has met the eligibility requirements of Section
         3.1 to become a Participant, whether or not he has become a
         Participant; and an "eligible Highly Compensated Employee" shall mean a
         Highly Compensated Employee who has met the eligibility requirements of
         Section 3.1 to become a Participant, whether or not he has become a
         Participant. The determination hereunder of whether excess After-Tax
         Contributions or Matching Employer Contribution have been made by an
         eligible Employee with the respect to a Plan year shall occur after
         first determining the amount, if any, of that portion of the
         Tax-Deferred Contribution of the eligible Employee that is in excess of
         the annual aggregate limitation on Tax-Deferred

                                      -21-
<PAGE>

         Contributions and then determining the amount, if any, of Tax-Deferred
         Contributions made on behalf of the eligible Employee that are in
         excess of the limitations imposed under Section 4.3.

         For Plan years commencing prior to December 31, 2001, notwithstanding
         anything to the contrary contained in the Plan, the following multiple
         use limitation as required under Section 401(m) of the Code shall
         apply: the sum of the average deferral percentage and the average
         contribution percentage for Highly Compensated Employees may not exceed
         the aggregate limit. The aggregate limit is the sum of (g) 125 percent
         of the greater of the average contribution percentage or the average
         deferral percentage for all other eligible Employees and (h) the lesser
         of 200 percent of, or two percentage points plus, the lesser of such
         average contribution percentage or such average deferral percentage,
         or, if it would result in a larger aggregate limit, the sum of (i) 125
         percent of the lesser of the average contribution percentage or the
         average deferral percentage for all other eligible Employees and (j)
         the lesser of 200 percent of, or two percentage points plus, the
         greater of such average contribution percentage or such average
         deferral percentage. In the event that, after the satisfaction of the
         limitations in Section 4.3 and this Section 6.8, it is determined that
         contributions under the Plan fail to satisfy this multiple use
         limitation, the multiple use limitation shall be satisfied by further
         reducing the contribution percentages of Highly Compensated Employees
         (beginning with the highest amount of such contributions) to the extent
         necessary to eliminate such excess, with such further reductions to be
         treated as excess contributions and disposed of as provided in this
         Section 6.8.

                                      -22-
<PAGE>

                                  ARTICLE VII

                     DEPOSIT AND INVESTMENT OF CONTRIBUTIONS

7.1      DEPOSIT OF CONTRIBUTIONS.

         All Tax-Deferred Contributions, After-Tax Contributions and Catch-Up
         Contributions shall be deposited by the Trustee upon receipt in the
         Investment Funds as the Company shall direct and all Matching Employer
         Contributions shall be deposited by the Trustee upon receipt in the
         Goodyear Stock Fund; provided, however, that the Company's directions
         with respect to all Tax-Deferred Contributions, After-Tax Contributions
         and Catch-Up Contributions shall be based on the investment election of
         each Participant made in accordance with the provisions of Section 7.2.
         For all purposes hereunder, Tax-Deferred Contributions, After-Tax
         Contributions, Catch-Up Contributions and Matching Employer
         Contributions for each payroll period ending during a calendar month
         shall be deemed to have been deposited no later than the last day of
         such month. The Trustee shall have no duty to collect or enforce
         payment of contributions or inquire into the amount or method used in
         determining the amount of contributions, and shall be accountable only
         for contributions received by it.

7.2      INVESTMENT ELECTIONS OF PARTICIPANTS.

         Each Participant shall, upon electing to participate under the Plan in
         accordance with the provisions of Section 3.1, make an investment
         election in the manner prescribed by the Company, directing the manner
         in which his Tax-Deferred Contributions, After-Tax Contributions and
         Catch-Up Contributions shall be deposited and held by the Trustee. The
         investment election of a Participant with respect to his Tax-Deferred
         Contributions, After-Tax Contributions and Catch-Up Contributions shall
         specify the percentage of such contributions that is to be deposited in
         each of the Investment Funds, which percentage amounts must be whole
         percentage amounts not in excess in the aggregate of 100%. The
         investment election by a Participant shall remain in effect until he
         ceases to be a Participant in accordance with the provisions of the
         Plan; provided, however, that a Participant may change his investment
         election, at any time, in the manner and form as prescribed by the
         Company by making a new election specifying a change in his investment
         election. Any such change must again specify a percentage of the
         Tax-Deferred Contributions, After-Tax Contributions and Catch-Up
         Contributions of the Participant that is to be deposited in each of the
         Investment Funds, which percentage amounts must be whole percentage
         amounts not in excess in the aggregate of 100%, and shall not affect
         the amounts credited to any separate account or sub-account of the
         Participant or to any Investment Fund as of any date prior to the date
         on which such change is to become effective.

7.3      ELECTION TO TRANSFER INTEREST BETWEEN FUNDS.

         A Participant or a Beneficiary who has an interest in an Investment
         Fund (other than an interest in the Goodyear Stock Fund attributable to
         Matching Employer Contributions that has not been transferred
         previously under Section 7.4) may elect at any time to

                                      -23-
<PAGE>

         transfer all or a portion of such interest to another Investment Fund.
         The Participant election or Beneficiary election must specify the
         Investment Fund from which the transfer is to be made, either that the
         total balance in that Investment Fund is to be transferred or a lesser
         dollar amount that is to be transferred, each Investment Fund to which
         the transfer is to be made, and a percentage of the amount transferred
         that is to be transferred to each Investment Fund, which percentage
         must be an integral multiple of 1%. Any such transfer election must be
         made in the manner and form and at the time prescribed by the Company.
         Once the election becomes effective, it shall be irrevocable.
         Notwithstanding the foregoing, a Participant or a Beneficiary may not
         transfer any portion of an interest in the Stable Value Fund directly
         to a Self-Directed Account.

7.4      ELECTION TO TRANSFER MATCHING EMPLOYER CONTRIBUTION INTEREST FROM
         GOODYEAR STOCK FUND.

         A Participant who has attained age 52 and who has an interest in the
         Goodyear Stock Fund attributable to Matching Employer Contributions, or
         a Beneficiary with respect to such a Participant, may elect at any time
         to transfer all or a portion of such interest to another Investment
         Fund. The Participant election or Beneficiary election must specify a
         dollar amount that is to be transferred, each Investment Fund to which
         a transfer is to be made, and the percentage of the total amount to be
         transferred to each such Investment Fund. Any such transfer election
         must be made in the manner and form and at the time prescribed by the
         Company.

                                      -24-
<PAGE>

                                  ARTICLE VIII

                ESTABLISHMENT OF FUNDS AND PARTICIPANTS' ACCOUNTS

8.1      ESTABLISHMENT OF GENERAL FUND.

         The Trustee shall establish a General Fund as required to hold and
         administer any assets of the Trust Fund that are not allocated among
         the separate Investment Funds as provided in the Plan or the Trust
         Agreement. The General Fund shall be held and administered by the
         Trustee as a separate common trust fund. The interest of each
         Participant, Former Participant, or Beneficiary under the Plan in the
         General Fund shall be an undivided interest.

8.2      INVESTMENT FUNDS.

         The Trustee shall establish the following Investment Funds:

         (a)      A Stable Value Fund which shall be invested primarily in
                  contracts with banks, insurance companies, or other financial
                  institutions which provide for rates of return for particular
                  periods of time. Additionally, the Stable Value Fund may be
                  invested in investment grade securities which provide for
                  fixed or determinable rates of return. The securities may be
                  held directly by the Plan, in group trusts, or in separate
                  accounts of insurance companies.

         (b)      An S&P 500 Index Stock Equity Fund which shall be invested
                  primarily in the 500 stocks that comprise the S&P 500
                  Composite Index.

         (c)      Asset Allocation Funds comprised of the following three
                  balanced funds:

                  (i)      A Conservative Asset Allocation Fund which shall be
                           invested primarily in bonds and stocks with a target
                           allocation of 60% bonds and 40% United States stocks.

                  (ii)     A Moderate Asset Allocation Fund which shall be
                           invested primarily in bonds and stock with a target
                           allocation of 40% bonds and 60% United States stocks.

                  (iii)    An Aggressive Asset Allocation Fund which shall be
                           invested primarily in bonds and stocks with a target
                           allocation of 65% United States stocks, 15%
                           international stocks, and 20% bonds.

         (d)      A Large Capitalization Stock Equity Fund which shall be
                  invested primarily in common stocks of medium and large
                  companies that have better-than-average prospects for
                  appreciation.

         (e)      A Small Capitalization Stock Equity Fund which shall be
                  invested primarily in small company stocks that are expected
                  to provide long-term capital growth.

                                      -25-
<PAGE>

         (f)      An International Stock Equity Fund which shall be invested
                  primarily in common stocks and debt obligations of companies
                  and governments outside of the United States that are expected
                  to produce long-term capital growth.

         (g)      A Self-Directed Account in which the Participant, Former
                  Participant, or Beneficiary may direct the investment of all
                  or any part of his separate account among a list of mutual
                  funds selected by the Company and the Trustee. The provisions
                  of this paragraph (g) of Article 8.2 shall be effective only
                  if and to the extent that the Company, in its discretion,
                  implements them.

         (h)      If a loan from the Plan to a Participant is approved in
                  accordance with the provisions of Article XX, the Company
                  shall direct the establishment and maintenance of a Loan
                  Investment Fund in the Participant's name. Notwithstanding any
                  other provision of the Plan to the contrary, income received
                  with respect to a Participant's Loan Investment Fund shall be
                  allocated and the Loan Investment Fund shall be administered
                  as provided in Article XX.

         The Company may determine from time to time to direct (i) the closing
         of an Investment Fund or Investment Funds or (ii) the establishment and
         maintenance of an additional Investment Fund or Investment Funds and
         shall select the investments for such Investment Fund or Investment
         Funds. The Company shall communicate the same and any changes therein
         in writing to the Plan Administrator and the Trustee. All assets of
         each Investment Fund, except for a Self-Directed Account or a Loan
         Investment Fund, shall be held and administered by the Trustee as a
         separate trust fund. The interest of each Participant, Former
         Participant, or Beneficiary under the Plan in any Investment Fund,
         other than a Self-Directed Account or a Loan Investment Fund, and other
         than an Investment Fund that consists of a mutual fund, shall be an
         undivided interest. The interest of each Participant, Former
         Participant, or Beneficiary under the Plan in any Investment Fund that
         consists of a mutual fund shall be an undivided interest in the units
         of the mutual fund held by the Plan. All assets of each Self-Directed
         Account and each Loan Investment Fund shall be held and administered as
         a separate trust fund.

8.3      GOODYEAR STOCK FUND AND SUSPENSE FUND.

         The Company shall direct the establishment and maintenance of a
         Goodyear Stock Fund to which Matching Employer Contributions shall be
         allocated, together with any Tax-Deferred Contributions, After-Tax
         Contributions, Catch-Up Contributions and Rollover Contributions made
         by or on behalf of a Participant that he elects to have allocated to
         the Goodyear Stock Fund. Subject to the provisions of the Trust
         Agreement, the assets of the Goodyear Stock Fund shall be invested by
         the Trustee primarily in Company Stock. Assets of the Goodyear Stock
         Fund may also be invested by the Trustee in interest-bearing common,
         commingled, group, or collective trust funds maintained by the Trustee
         exclusively for the short-term investment of assets of tax-qualified
         benefit plans. The Trustee may purchase Company Stock on the open
         market through a national securities exchange or in the
         over-the-counter market through a broker-dealer which is a member of
         the National Association of Securities Dealers. In addition, the
         Trustee may purchase Company Stock from the Company or another
         qualified plan of the Company

                                      -26-
<PAGE>

         participating in the collective trust in accordance with the
         requirements of Section 408 of the Act. The Goodyear Stock Fund shall
         be held and administered as a separate Investment Fund. The interest of
         each Participant, Former Participant, or Beneficiary under the Plan in
         the Goodyear Stock Fund shall be an undivided interest.

         The Company shall also direct the establishment and maintenance of a
         Suspense Fund, to hold and administer any Company Stock that is pledged
         as collateral for any Acquisition Loan. No Participant, Former
         Participant, or Beneficiary shall have an interest in the Suspense
         Fund. Subject to the provisions of Section 18.15, the assets of the
         Suspense Fund shall be valued at fair market value as of each valuation
         date. In any Plan Year that any shares of Company Stock are no longer
         required to be pledged as collateral for such a loan, the Trustee shall
         release such shares from encumbrance in the Suspense Fund and shall
         transfer them to the Goodyear Stock Fund as of the last day of such
         Plan Year. The number of such shares to be released from the Suspense
         Fund for allocation to Participants for each Plan year shall be based
         upon one of the following two formulae:

         (a)      PRINCIPAL AND INTEREST RELEASE FORMULA. For each Plan Year
                  during the duration of such a loan, the number of shares
                  released must equal the number of encumbered shares held in
                  the Suspense Fund immediately before release for the current
                  Plan Year multiplied by a fraction. The numerator of the
                  fraction is the amount of principal and interest paid for the
                  year. The denominator of the fraction is the sum of the
                  numerator plus the principal and interest to be paid for all
                  future years. Subject to the requirements of regulations
                  issued under the Act and the Code, the number of future years
                  under the loan must be definitely ascertainable and must be
                  determined without taking into account any possible extensions
                  or renewal periods. If the interest rate 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)      PRINCIPAL-ONLY RELEASE FORMULA. As an alternative to the
                  formula described above, the Plan may release shares of
                  Company Stock from the Suspense Fund using the formula
                  described above but calculated only with reference to
                  principal payments. If this second formula is used, the
                  following additional requirements apply: (i) the loan must
                  provide for annual payments of principal and interest at a
                  cumulative rate that is not less rapid at any time than level
                  annual payments of such amounts for 10 years; (ii) interest
                  included in any payment may be disregarded only to the extent
                  that it would be determined to be interest under standard loan
                  amortization tables; and (iii) this alternate formula may not
                  be used from the time that, by reason of a renewal, extension,
                  or refinancing, the sum of the expired duration of the
                  Acquisition Loan, the renewal period, the extension period,
                  and the duration of a new loan exceeds 10 years.

         If the Company Stock held as collateral for such a loan includes more
         than one class of stock, the number of shares of each class to be
         released for a Plan year shall be determined by applying the same
         formula and same fraction to each class of Company Stock. Any shares so
         released and transferred shall be allocated in the same manner as
         Employer Contributions for such Plan year as set forth in Section 6.3.

                                      -27-
<PAGE>

8.4      APPOINTMENT OF INVESTMENT MANAGERS.

         As provided in the Trust Agreement, the Company may appoint one or more
         investment managers (as defined in Section 3(38) of ERISA) with respect
         to any portion of any trust fund established under this Article VIII.

8.5      INCOME ON TRUST FUNDS.

         Any dividends, interest, distributions, or other income received by the
         Trustee in respect of a Fund shall be reinvested by the Trustee in the
         respective Fund for which such income was received.

8.6      SEPARATE ACCOUNTS.

         As of the first date a contribution is made by or on behalf of an
         Employee, there shall be established a separate account in his name
         reflecting his interest in the Trust Fund. Each separate account shall
         be maintained and administered for each Participant, Former
         Participant, and Beneficiary in accordance with the provisions of the
         Plan.

8.7      SUB-ACCOUNTS.

         The separate account of each Participant, Former Participant, and
         Beneficiary shall be divided into individual sub-accounts reflecting
         the portion of such account which is derived from Matching Employer
         Contributions, Tax-Deferred Contributions, After-Tax Contributions and
         Catch-Up Contributions. Each sub-account shall reflect separately
         contributions allocated to each Investment Fund and the earnings and
         losses attributable thereto. Such other sub-accounts may be established
         as are necessary or appropriate to reflect the interest of a
         Participant, Former Participant, or Beneficiary in the Trust Fund.

8.8      ACCOUNT BALANCES.

         For all purposes hereof, the balance of each separate account of a
         Participant, Former Participant, or Beneficiary, including
         sub-accounts, as of any date shall be the balance of such account or
         sub-account after all credits and charges thereto, for and as of such
         date, have been made as provided herein.

8.9      FUNDS FROM PREDECESSOR PLANS.

         At the direction of the Company, the Trustee is authorized to accept
         the transfer of funds being held by the funding agent for a predecessor
         plan (as hereinafter defined) for the benefit of an eligible Employee,
         provided that at no time in the course of the transfer shall such funds
         be made available to the eligible Employee. The Trustee shall have no
         duty to verify whether the amount of any predecessor plan funds
         delivered to it is correct, and shall have no duty of inquiry into the
         administration of any predecessor plan or of any prior trust or other
         funding agency for a predecessor plan. The Trustee shall deposit all
         funds received by it from a predecessor plan in the Investment Funds in
         accordance with the directions of the Company, which shall be based on
         the investment elections of the eligible Employees made in the form and
         manner prescribed by the Company. The

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<PAGE>

         Trustee shall establish and maintain a separate account and such
         sub-accounts in the name of an eligible Employee as are necessary to
         reflect his interest that is attributable to predecessor plan funds and
         to reflect the portion of his predecessor plan funds that is
         attributable to voluntary after-tax contributions, to contributions
         made pursuant to a cash or deferred arrangement qualified under Section
         401(k) of the Code, and to other employer contributions. Each such
         separate account shall, upon each valuation date, share in the net
         increase or decrease in the value of the assets of the Investment Funds
         maintained under the Plan on the basis of the balance of such separate
         account immediately prior to the valuation date in accordance with
         Section 10.1, provided, however, that such balance for this purpose
         only shall be reduced by the amount of any funds transferred to the
         Trustee since the immediately preceding valuation date. With the
         exception of funds transferred from a predecessor plan maintained by an
         Employer or a related corporation, which shall be vested in accordance
         with the next following sentence of this Section 8.9, all predecessor
         plan funds shall at all times be fully vested and nonforfeitable. The
         vested interest of a Participant in funds transferred from a
         predecessor plan maintained by an Employer or a related corporation
         shall be determined as of the date of transfer based on the vesting
         provisions of the predecessor plan in effect on such date, and on and
         after the date of transfer the vested interest shall be determined
         based on the vesting provisions of the Plan or, in the event an
         election under Section 12.6 applies with respect to the Participant,
         based on the vesting provisions of the predecessor plan as of the date
         of transfer. Predecessor plan funds shall be distributed at such times
         and according to such methods as are generally provided under the Plan.
         In addition, predecessor plan funds attributable to voluntary,
         after-tax contributions made under the predecessor plan shall be
         subject hereunder to the withdrawal provisions applicable to After-Tax
         Contributions and predecessor plan funds that were contributed pursuant
         to a cash or deferred arrangement qualified under Section 401(k) of the
         Code shall be subject hereunder to the withdrawal and distribution
         provisions applicable to Tax-Deferred Contributions. For purposes of
         this Section 8.9, a predecessor plan shall mean any other defined
         contribution plan that complies with the requirements of Section 401(a)
         of the Code and satisfies the conditions specified in Section
         401(a)(11)(B)(iii) of the Code.

                                      -29-
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                                   ARTICLE IX

                     LIMITATIONS ON ALLOCATIONS TO ACCOUNTS

9.1      LIMITATION ON CREDITING OF CONTRIBUTIONS.

         Notwithstanding anything to the contrary contained in the Plan, the
         amount of Matching Employer Contributions, Tax-Deferred Contributions,
         and After-Tax Contributions, which may be credited to the separate
         account of any Participant or Former Participant shall be subject to
         the following provisions:

         (a)      For purposes of this Section 9.1, the "annual addition" with
                  respect to a Participant or Former Participant shall mean the
                  sum for any calendar year of the following amounts:

                  (i)      Tax-Deferred Contributions, After-Tax Contributions,
                           and Matching Employer Contributions that are credited
                           to the separate account of such Participant or Former
                           Participant for such calendar year pursuant to
                           Sections 4.4, 5.3, and 6.4, and

                  (ii)     the amount, if any, of Employer Contributions and
                           forfeitures and employee after-tax contributions that
                           are credited to the Participant or Former Participant
                           for such calendar year under any other qualified
                           defined contribution plan (whether or not terminated)
                           maintained by an Employer or a related corporation
                           concurrently with the Plan, and amounts described in
                           Sections 415(l)(2) and 419A(d)(2) allocated to the
                           Participant or Former Participant for such calendar
                           year.

         (b)      For purposes of this Section 9.1, the "compensation" of a
                  Participant or Former Participant shall mean (in contrast with
                  Compensation as defined in paragraph (i) of Section 2.1) his
                  wages, salaries, and other amounts received for personal
                  services actually rendered in the course of employment with an
                  Employer or a related corporation, excluding, however,

                  (i)      for calendar years beginning before January 1, 1998,
                           contributions made by an Employer or a related
                           corporation to a plan of deferred compensation
                           (including Tax-Deferred Contributions hereunder) to
                           the extent that, before the application of the
                           limitations of Section 415 of the Code to such plan,
                           the contributions are not includable in the gross
                           income of the Participant or Former Participant for
                           the taxable year in which contributed;

                  (ii)     for calendar years beginning before January 1, 1998,
                           contributions made by an Employer or a related
                           corporation on his behalf to a simplified employee
                           pension described in Section 408(k) of the Code;

                  (iii)    any distributions from a plan of deferred
                           compensation (other than amounts received pursuant to
                           an unfunded non-qualified plan in the year

                                      -30-
<PAGE>

                           such amounts are includable in the gross income of
                           the Participant or Former Participant);

                  (iv)     amounts received from the exercise of a non-qualified
                           stock option or when restricted stock or other
                           property held by the Participant or Former
                           Participant becomes freely transferable or is no
                           longer subject to substantial risk of forfeiture;

                  (v)      amounts received from the sale, exchange, or other
                           disposition of stock acquired under a qualified stock
                           option; and

                  (vi)     any other amounts that receive special tax benefits,
                           such as premiums for group term life insurance (but
                           only to the extent that the premiums are not
                           includable in the gross income of the Participant or
                           Former Participant).

         (c)      The annual addition with respect to a Participant or Former
                  Participant shall not exceed the lesser of

                  (i)      $35,000 for the calendar year beginning January 1,
                           2001, and $40,000 for the calendar year beginning
                           January 1, 2002, and each calendar year thereafter
                           (subject to adjustment annually pursuant to Internal
                           Revenue Service regulations and rulings under Section
                           415 of the Code), or

                  (ii)     25 percent for the calendar year beginning January 1,
                           2001, and100 percent for the calendar year beginning
                           January 1, 2002, and each calendar year thereafter,
                           of such Participant's compensation, as defined in
                           Section 415(c)(3) of the Code and regulations issued
                           thereunder, for such calendar year. The compensation
                           limit referred to in this subparagraph (ii) shall not
                           apply to any contribution for medical benefits after
                           separation from service (within the meaning of
                           Section 401(b) or Section 419A(F)(2) of the Code)
                           which is otherwise treated as an annual addition.

                  If as a result of the allocation of forfeitures, a reasonable
                  error in estimating the Participant's compensation, a
                  reasonable error in determining the amount of elective
                  deferrals (within the meaning of Section 402(g)(3) of the
                  Code) that may be made with respect to any individual under
                  the limits of Section 415 of the Code, or other reasonable
                  facts and circumstances that the Commissioner of the Internal
                  Revenue finds to justify the availability of the rules set
                  forth below, the annual addition to the separate account of a
                  Participant or Former Participant in any calendar year would
                  exceed the amount that may be applied for his benefit under
                  the limitation contained in this Section 9.1 absent such
                  limitation, the amount of his After-Tax Contributions for such
                  calendar year and of that portion of the Matching Employer
                  Contributions that would be allocated to such Participant or
                  Former Participant under Section 6.3 based thereon, but that
                  would exceed the limitation herein, shall be reduced (applying
                  the same percentage reduction with respect to both such
                  After-Tax Contributions and Matching Employer Contributions)
                  to the extent necessary to eliminate such excess. The

                                      -31-
<PAGE>

                  amount of any such reduction of After-Tax Contributions shall
                  be returned to such Participant or Former Participant (plus
                  the earnings, if any, attributable to such amount), and the
                  amount of any such reduction of Matching Employer
                  Contributions shall be deemed a forfeiture for such calendar
                  year and shall be applied against the Company's Matching
                  Employer Contribution obligation as described below. If the
                  limitation contained in this Section 9.1 would still be
                  exceeded after application of the previous sentence, the
                  amount of the Tax-Deferred Contributions made on behalf of
                  such Participant or Former Participant for such calendar year
                  and that portion of the Matching Employer Contribution that
                  would be allocated to such Participant or Former Participant
                  under Section 6.3 based thereon, but that would exceed the
                  limitation herein, shall be reduced (applying the same
                  percentage reduction with respect to both Tax-Deferred
                  Contributions and Matching Employer Contributions) to the
                  extent necessary to eliminate such excess. The amount of any
                  such reduction of Tax-Deferred Contributions shall be applied
                  as the initial Tax-Deferred Contributions made by the
                  Participant for the next following limitation year until such
                  amount is exhausted, unless the Participant is not covered by
                  the Plan as of the end of the limitation year, in which event
                  such amount shall be deemed a forfeiture for such calendar
                  year and shall be applied against the Company's Matching
                  Employer Contribution obligation as described below. The
                  amount of any such reduction of Matching Employer
                  Contributions shall be deemed a forfeiture for such calendar
                  year and shall be applied against the Company's Matching
                  Employer Contributions obligation as described below. Amounts
                  which are deemed forfeitures hereunder with respect to the
                  Company for a calendar year shall be held unallocated in a
                  suspense account established with respect to the Company and
                  shall for all Plan purposes be applied against the Company's
                  Matching Employer Contribution obligation for the next
                  following calendar year (and succeeding calendar years, as
                  necessary). No such suspense account shall share in any
                  increase or decrease in the net worth of the Investment Funds.

         (d)      For calendar years beginning before January 1, 2000, if any
                  Participant or Former Participant in the Plan also shall be
                  covered by a qualified defined benefit plan (whether or not
                  terminated) maintained by an Employer or a related corporation
                  concurrently with the Plan, the sum of subparagraphs (i) and
                  (ii) below shall in no event exceed 1.0 in any calendar year
                  where

                  (i)      is the defined benefit plan fraction (determined as
                           of the close of such calendar year), the numerator of
                           which is the projected annual benefit of such
                           Participant or Former Participant under such plan and
                           the denominator of which is the lesser of (1) the
                           product of 1.25 multiplied by the dollar limitation
                           in effect under Section 415(b)(1)(A) of the Code for
                           such calendar year, or (2) the product of 1.4
                           multiplied by the amount which may be taken into
                           account under Section 415(b)(1)(B) of the Code with
                           respect to such Participant or Former Participant for
                           such calendar year; and

                                      -32-
<PAGE>

                  (ii)     is the defined contribution plan fraction, the
                           numerator of which is the sum of the annual addition
                           to the separate accounts of such Participant or
                           Former Participant as of the close of such calendar
                           year and for each prior year of service with an
                           Employer or a related corporation and the denominator
                           of which is the sum of the lesser of the following
                           amounts determined for such calendar year and each
                           prior year of service with an Employer or a related
                           corporation: (1) the product of 1.25 multiplied by
                           the dollar limitation in effect under Section
                           415(c)(1)(A) of the Code for such calendar year
                           determined without regard to Section 415(c)(6), or
                           (2) the product of 1.4 multiplied by the amount which
                           may be taken into account under Section 415(c)(1)(B)
                           (or Section 415(c)(7) or (8), if applicable) with
                           respect to such Participant or Former Participant for
                           such calendar year.

                  In the event the special limitation contained in this
                  paragraph (d) is exceeded, the benefits otherwise payable to
                  the Participant or Former Participant under any such qualified
                  defined benefit plan shall be reduced to the extent necessary
                  to meet such limitation. If the Plan satisfied the applicable
                  requirements of Section 415 of the Code as in effect for all
                  limitation years beginning before January 1, 1987, an amount
                  shall be subtracted from the numerator of the defined
                  contribution plan fraction (not exceeding such numerator) as
                  prescribed by the Secretary of the Treasury so that the sum of
                  the defined benefit plan fraction and the defined contribution
                  plan fraction computed under Section 415(e)(1) of the Code, as
                  revised by the Tax Reform Act of 1986, does not exceed 1.0 for
                  such limitation year.

         (e)      In the event that a Participant or Former Participant is
                  covered by any other qualified defined contribution plan
                  (whether or not terminated) maintained by an Employer or a
                  related corporation concurrently with the Plan, the procedure
                  set forth in paragraph (c) of this Section 9.1 shall be
                  implemented first by returning the contributions made by the
                  Participant or Former Participant for such calendar year under
                  all of the defined contribution plans other than the Plan. If
                  the limitation contained in this Section 9.1 is still not
                  satisfied after returning all of the contributions made by the
                  Participant or Former Participant under all such other plans,
                  the procedure set forth in paragraph (c) of this Section 9.1,
                  without regard to the foregoing provisions of this paragraph
                  (e), shall be invoked to eliminate any such excess. If the
                  limitation contained in this Section 9.1 is still not
                  satisfied after invocation of the procedure set forth in
                  paragraph (c) of this Section 9.1, the portion of the Employer
                  contributions and of forfeitures for the calendar year under
                  all such other plans, which has been allocated to such
                  Participant thereunder, but which exceeds the limitation
                  herein, shall be deemed a forfeiture for such calendar year
                  and shall, subject to the provisions of this Section 9.1, be
                  reallocated among and credited to the separate accounts of the
                  remaining Participants and Former Participants in such other
                  plans who are eligible to share in such contributions and
                  forfeitures for such calendar year; provided, however, that
                  the amount of the Employer contributions and of any
                  forfeitures which is deemed a forfeiture under this paragraph
                  (e) shall be effected

                                      -33-
<PAGE>

                  on a pro rata basis among all of such plans, including the
                  Plan, unless the Participant or Former Participant is covered
                  by a money purchase pension plan or a tax credit plan meeting
                  the requirements of Section 409 of the Code, in which event
                  the forfeiture shall be effected first under the Plan (and any
                  other defined contribution plan which is not a money purchase
                  pension plan nor a tax credit plan) and, if the limitation is
                  still not satisfied, then under such money purchase pension
                  plan, and finally, if the limitation is still not satisfied,
                  then under such tax credit plan. In the event that a
                  Participant or Former Participant is covered by a qualified
                  defined benefit plan, the procedure set forth in paragraph (d)
                  of this Section 9.1 shall be implemented prior to effecting
                  any reduction in the benefit of such Participant or Former
                  Participant under the defined contribution plans.

         (f)      In the event that the limitations of paragraph (d) of this
                  Section 9.1 are applicable, the following adjustments shall be
                  made for purposes of applying such paragraph (d):

                           If, before October 3, 1973, the Participant or Former
                           Participant was an active participant in a qualified
                           defined benefit plan maintained by an Employer and
                           otherwise satisfies the requirements of Section
                           2004(d)(2) of the Act, the defined benefit plan
                           fraction described in subparagraph (d)(i) shall not
                           exceed 1.0.

         (g)      For purposes of this Section 9.1, the meaning of "related
                  corporation" shall be as modified by Section 415(h) of the
                  Code.

9.2      SCOPE OF LIMITATION.

         The limitations contained in this Article IX shall be applicable only
         with respect to benefits provided pursuant to the defined contribution
         plans and defined benefit plans described in Section 415(k) of the
         Code.

                                      -34-
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                                   ARTICLE X

                 VALUATIONS, DIVIDEND REINVESTMENTS, AND VOTING

10.1     VALUATION OF PARTICIPANT'S INTEREST.

         As of each valuation date hereunder, the Trustee shall adjust each
         separate account of each Participant, Former Participant and
         Beneficiary, and any sub-account maintained thereunder, to reflect any
         increase or decrease in the value of the Trust Fund since the
         immediately preceding valuation date in the following manner:

         (a)      The Trustee shall value all of the assets of the Goodyear
                  Stock Fund at fair market value.

         (b)      The Trustee shall value all of the assets of the other
                  Investment Funds with respect to which no investment manager
                  has been appointed at fair market value and each investment
                  manager shall value all of the assets of the Investment Fund
                  with respect to which he has been appointed at fair market
                  value and shall provide the same to the Trustee. In valuing
                  the Investment Funds with respect to which no investment
                  manager has been appointed that consist of mutual funds, the
                  Trustee may rely on price data supplied by the mutual fund
                  manager.

         (c)      The Trustee shall then ascertain the net increase or decrease
                  in the value of the respective Investment Funds which is
                  attributable to net income, investment management fees, and
                  all profits and losses, realized and unrealized, since the
                  immediately preceding valuation date, on the basis of the
                  valuation provided under paragraphs (a) and (b) of this
                  Section 10.1, and after making appropriate adjustments for the
                  amount of all contributions made with respect to the month in
                  which such valuation date occurs and for any distributions and
                  withdrawals from the respective Investment Funds since such
                  preceding valuation date and prior to such date.

         (d)      The Trustee shall then allocate the net increase or decrease
                  in the value of the respective Investment Funds as thus
                  determined among all Participants, Former Participants, and
                  Beneficiaries who have an interest in the respective
                  Investment Funds, separately with respect to each of such
                  Investment Funds, in the ratio that the balance of each
                  separate account maintained under such Investment Fund on the
                  date immediately preceding such valuation date bears to the
                  aggregate of the balances of all such separate accounts on the
                  day immediately preceding such valuation date, and shall
                  credit or charge, as the case may be, each such separate
                  account with the amount of its allocated share. Moreover, the
                  Trustee shall in the same manner credit or charge any
                  sub-account maintained thereunder with the amount of its
                  allocated share.

         (e)      Finally, the Trustee shall then credit to the appropriate
                  separate account and sub-accounts of each Participant and
                  Former Participant, as applicable and in accordance with the
                  provisions of Article VIII, the Tax-Deferred Contributions

                                      -35-
<PAGE>

                  made on his behalf, his After-Tax Contributions, and his share
                  of Matching Employer Contributions made since the immediately
                  preceding valuation date.

                  The Trustee may maintain its records for the Plan on the basis
                  of unit accounting.

10.2     REINVESTMENT OR DISTRIBUTION OF DIVIDENDS.

         Except as may be otherwise elected by the Participant with respect to
         Company Stock attributable to Matching Employer Contributions, all
         dividends and other earnings of the Goodyear Stock Fund shall be used
         by the Trustee to purchase additional Company Stock. If so elected by a
         Participant, any cash dividends on Company Stock attributable to
         Matching Employer Contributions or any portion thereof not used for
         payment of principal and/or interest on an Acquisition Loan allocated
         to the Participant's account shall be paid currently (or within 90 days
         after the end of the Plan Year in which the dividends are paid to the
         Trust) in cash to the Participant.

10.3     VOTING COMPANY STOCK.

         All voting rights on Company Stock held in the Goodyear Stock Fund and
         the Suspense Fund shall be exercised by the Trustee only as directed by
         Participants, Former Participants, and Beneficiaries acting in their
         capacity as "Named Fiduciaries" (as defined in Section 402 of the Act).
         At least 30 days prior to each annual or special meeting of its
         shareholders, the Company shall cause to be sent to each Participant,
         and to each Former Participant and Beneficiary, a copy of the proxy
         solicitation material therefor, together with a form requesting that
         each such Participant, Former Participant, or Beneficiary give to the
         Trustee or proxy solicitation and tabulation agent his confidential
         instructions with respect to the manner in which his proportionate
         interest in the Company Stock held in the Goodyear Stock Fund and the
         Suspense Fund shall be voted by the Trustee. Upon timely receipt of
         such instructions, the Trustee (after combining votes of fractional
         shares to give effect to the greatest extent to the instructions
         received) shall vote the Company Stock as instructed. If voting
         instructions with respect to any Company Stock are not timely received
         by the Trustee for a particular shareholder's meeting, such Company
         stock shall not be voted. Instructions received from individual
         Participants, Former Participants, and Beneficiaries by the Trustee
         shall be held in the strictest confidence and shall not be divulged or
         released to any person, including officers or employees of the Company.

10.4     FINALITY OF DETERMINATIONS.

         The Trustee shall have exclusive responsibility for determining the net
         income, liabilities, and value of the assets of the Goodyear Stock Fund
         and for determining the balance of each separate account and
         sub-account maintained hereunder. The Trustee shall have exclusive
         responsibility for determining the net income, liabilities, and value
         of the assets of the other Investment Funds with respect to which no
         investment manager has been appointed, and each investment manager
         shall have exclusive responsibility for determining the net income,
         liabilities, and value of the assets of the Investment Fund with
         respect to which he has been appointed. In determining the net income,
         liabilities,

                                      -36-
<PAGE>

         and value of the assets of the Investment Funds with respect to which
         no investment manager has been appointed that consist of mutual funds,
         the Trustee may rely on information provided by the mutual fund
         manager. The Trustee's and investment manager's determinations thereof
         shall be conclusive upon the Employers, and all Participants, Former
         Participants, and Beneficiaries hereunder.

10.5     NOTIFICATION.

         As soon as reasonably possible after the end of each Plan year, the
         Company shall notify each Participant, Former Participant, and
         Beneficiary of the balance of his separate account and sub-accounts as
         of the last day of such Plan year.

10.6     PROCEDURES REGARDING OFFERS TO ACQUIRE COMPANY STOCK

         All decisions with respect to offers to acquire Company Stock held in
         the Goodyear Stock Fund and the Suspense Fund shall be made only by the
         Participants, Former Participants, and Beneficiaries acting in their
         capacity as Named Fiduciaries in accordance with the provisions of this
         Section 10.6 set forth below; provided, however, that the provisions of
         this Section 10.6 shall not be applicable with respect to sales of
         Company Stock by the Trustee for the purposes of making distributions
         under the terms of the Plan, payment of expenses, and meeting other
         cash requirements of the Trust.

         (a)      In the event an offer shall be received by the Trustee to
                  purchase or exchange any Company Stock held by the Trust, the
                  Trustee will advise each Participant, Former Participant, and
                  Beneficiary who has an interest in the Goodyear Stock Fund in
                  writing of the terms of the offer as soon as practicable after
                  its commencement and will furnish each such person with a form
                  by which he may instruct the Trustee confidentially whether or
                  not to tender or exchange Company Stock represented by his
                  Goodyear Stock Fund account. The materials furnished to the
                  Participants, Former Participants, and Beneficiaries shall
                  include (i) a notice from the Trustee that the Trustee will
                  not tender or exchange any Company Stock for which timely
                  instructions are not received by the Trustee and (ii) such
                  related documents as are prepared by any person and provided
                  to the shareholders of the Company pursuant to applicable law.
                  The Company and the Trustee may also provide Participants,
                  Former Participants, and Beneficiaries with such other
                  material concerning the offer as the Trustee or the Company in
                  its discretion determines to be appropriate; provided,
                  however, that prior to any distribution of materials by the
                  Company, the Trustee shall be furnished with sufficient
                  numbers of complete copies of all such materials. The Company
                  will cooperate with the Trustee to ensure that Participants,
                  Former Participants, and Beneficiaries receive the requisite
                  information in a timely manner.

         (b)      The Trustee shall tender or not tender Company Stock or
                  exchange or not exchange Company Stock held in the Goodyear
                  Stock Fund (including fractional shares) only as and to the
                  extent instructed by the Participants, Former Participants,
                  and Beneficiaries as Named Fiduciaries with respect to Company
                  Stock represented by their respective Goodyear Stock Fund
                  accounts. If tender or

                                      -37-
<PAGE>

                  exchange instructions for Company Stock held in the Goodyear
                  Stock Fund represented by the Goodyear Stock Fund account of
                  any Participant, Former Participant, or Beneficiary, as the
                  case may be, are not timely received by the Trustee, the
                  Trustee will treat the non-receipt as a direction not to
                  tender or exchange such Company Stock. The instructions
                  received by the Trustee from Participants, Former
                  Participants, and Beneficiaries shall be held by the Trustee
                  in strict confidence and shall not be divulged or released to
                  any person, including directors, officers, or employees of the
                  Company, or of any other company, except as otherwise required
                  by law.

         (c)      Each Participant for whom there is maintained a Goodyear Stock
                  Fund account and who is entitled to direct the Trustee whether
                  or not to tender or exchange Company Stock represented by his
                  Goodyear Stock Fund account shall, as a Named Fiduciary,
                  separately direct the Trustee with respect to the tender or
                  exchange of a portion of the Company Stock that is held in the
                  Suspense Fund. Such direction shall apply to the number of
                  shares of Company Stock held in the Suspense Fund multiplied
                  by a fraction, the numerator of which is the number of shares
                  of Company Stock held in the Goodyear Stock Fund in which the
                  Participant has an interest, and the denominator of which is
                  the total number of shares of Company Stock held in the
                  Goodyear Stock Fund reflecting the interest of all
                  Participants who have provided directions to the Trustee under
                  this Section 10.6. For purposes of determining the fraction in
                  the preceding sentence, shares of Company Stock held in the
                  Goodyear Stock Fund with respect to which Participants, Former
                  Participants, and Beneficiaries are deemed to have issued a
                  direction not to tender Shares (because the Trustee did not
                  receive timely instructions from such persons, as described in
                  paragraph (b) of this Section 10.6), shall not be counted in
                  either the numerator or the denominator of said fraction.

         (d)      In the event, under the terms of an offer or otherwise, any
                  shares of Company Stock tendered for sale, exchange, or
                  transfer pursuant to such offer may be withdrawn from such
                  offer, the Trustee shall follow such instructions respecting
                  the withdrawal of such securities from such offer in the same
                  manner and the same proportion as shall be timely received by
                  the Trustee from the Participants, Former Participants and
                  Beneficiaries as Named Fiduciaries, entitled under this
                  Section 10.6 to give instructions as to the sale, exchange, or
                  transfer of securities pursuant to such offer.

         (e)      In the event that an offer for fewer than all of the shares of
                  Company Stock held by the Trustee shall be received by the
                  Trustee, each Participant, Former Participant, and Beneficiary
                  who has an interest in any Company Stock held in the Goodyear
                  Stock Fund subject to such offer shall be entitled to direct
                  the Trustee as to the acceptance or rejection of such offer
                  (as provided by this Section 10.6) with respect to the largest
                  portion of such Company Stock as may be possible given the
                  total number or amount of shares of Company Stock the Plan may
                  sell, exchange, or transfer pursuant to the offer based upon
                  the instructions received by the Trustee from all other
                  persons who shall timely instruct the Trustee pursuant to this
                  Section 10.6 to sell, exchange, or transfer such shares
                  pursuant to such

                                      -38-
<PAGE>

                  offer, each on a pro rata basis in accordance with the number
                  or amount of such shares of Company Stock represented by his
                  Goodyear Stock Fund account.

         (f)      In the event an offer shall be received by the Trustee and
                  instructions shall be solicited from Participants, Former
                  Participants and Beneficiaries pursuant to paragraphs (a)
                  through (e) of this Section 10.6, and prior to termination of
                  such offer, another offer is received by the Trustee for the
                  securities subject to the first offer, the Trustee shall use
                  its best efforts under the circumstances to solicit
                  instructions from the Participants, Former Participants, and
                  Beneficiaries to the Trustee (i) with respect to securities
                  tendered for sale, exchange, or transfer pursuant to the first
                  offer, whether to withdraw such tender, if possible, and, if
                  withdrawn, whether to tender any securities so withdrawn for
                  sale, exchange, or transfer pursuant to the second offer and
                  (ii) with respect to securities not tendered for sale,
                  exchange, or transfer pursuant to the first offer, whether to
                  tender or not to tender such securities for sale, exchange, or
                  transfer pursuant to the second offer. The Trustee shall
                  follow all such instructions received in a timely manner from
                  Participants, Former Participants, and Beneficiaries in the
                  same manner and in the same proportion as provided in
                  paragraphs (a) through (e) of this Section 10.6. With respect
                  to any further offer for any Company Stock received by the
                  Trustee and subject to any earlier offer (including successive
                  offers from one or more existing offerors), the Trustee shall
                  act in the same manner as described above.

         (g)      A Participant's, Former Participant's, or Beneficiary's
                  instructions to the Trustee to tender or exchange Company
                  Stock will not be deemed a withdrawal or suspension from the
                  Plan or a forfeiture of any portion of such person's interest
                  in the Plan. Funds received in exchange for tendered shares
                  will be credited to the Goodyear Stock Fund account of the
                  person with respect to whom such shares of Company Stock were
                  tendered or the Suspense Fund from which such shares of
                  Company Stock were tendered and will be used by the Trustee to
                  purchase Company Stock, as soon as practicable. In the
                  interim, the Trustee will invest such funds in short-term
                  investments permitted under the Plan.

                                      -39-
<PAGE>

                                   ARTICLE XI

                           WITHDRAWALS WHILE EMPLOYED

11.1     WITHDRAWAL OF AFTER-TAX CONTRIBUTIONS.

         A Participant may elect to withdraw in cash an amount equal to all or
         any portion of the value of the balance of his sub-account attributable
         to his After-Tax Contributions as of the most recent valuation date. In
         the event a Participant has more than one Investment Fund in his
         sub-account attributable to After-Tax Contributions and he withdraws
         only a portion of the balance of such sub-account, the withdrawal shall
         be charged to each of the Investment Funds in the ratio that the
         balance of the sub-account invested in the Investment Fund as of the
         most recent valuation date bears to the balance of the sub-account as
         of such date.

11.2     WITHDRAWAL OF MATCHING EMPLOYER CONTRIBUTIONS.

         Prior to his attainment of age 59-1/2, a Participant may not withdraw
         amounts attributable to Matching Employer Contributions unless the
         Company has made a determination that a hardship exists and such
         withdrawal is made in accordance with the provisions of Section 11.4. A
         Participant who has attained the age of 59-1/2 may elect to withdraw in
         cash an amount equal to all or any portion of his vested interest in
         the value of the balance of his sub-account attributable to Matching
         Employer Contributions as of the most recent valuation date. A
         Participant's vested interest in Matching Employer Contributions shall
         be the amount in which he would be vested under Section 12.2 had he
         terminated his employment with his Employer. In the event a Participant
         has one or more Investment Funds in his sub-account attributable to
         Matching Employer Contributions and he withdraws only a portion of the
         balance of such sub-account, the withdrawal shall be charged to each of
         the Investment Funds in the ratio that the balance of the sub-account
         invested in the Investment Fund as of the most recent valuation date
         bears to the balance of the sub-account as of such date.

11.3     WITHDRAWAL OF TAX-DEFERRED CONTRIBUTIONS AND CATCH-UP CONTRIBUTIONS.

         Prior to his attainment of age 59-1/2, a Participant may not withdraw
         amounts attributable to Tax-Deferred Contributions or Catch-Up
         Contributions unless the Company has made a determination that a
         hardship exists and such withdrawal is made in accordance with the
         provisions of Section 11.4. A Participant who has attained the age of
         59-1/2 may elect to withdraw in cash an amount equal to all or any
         portion of the value of the balance of his sub-account attributable to
         his Tax-Deferred Contributions and his sub-account attributable to his
         Catch-Up Contributions as of the most recent valuation date. In the
         event a Participant has more than one Investment Fund in his
         sub-account(s) attributable to Tax-Deferred Contributions and Catch-Up
         Contributions and he withdraws only a portion of the balance of such
         sub-account(s), the withdrawal shall be charged to each of the
         Investment Funds in the ratio that the balance of the sub-account(s)
         invested in the Investment Fund as of the most recent valuation date
         bears to the balance of the sub-account(s) as of such date.

                                      -40-
<PAGE>

11.4     CONDITIONS AND LIMITATIONS ON HARDSHIP WITHDRAWALS.

         Notwithstanding anything to the contrary contained in this Article XI,
         the restrictions imposed in Sections 11.2 and 11.3 which prohibit
         withdrawal of amounts attributable to Tax-Deferred Contributions,
         Catch-Up Contributions and Matching Employer Contributions prior to the
         attainment of age 59-1/2 shall be inapplicable in any case in which the
         Company, with respect to a withdrawal made hereunder, has made a
         determination that the withdrawal is necessary to satisfy an immediate
         and heavy financial need of the Participant in accordance with the
         provisions of this Section 11.4. The Company shall grant a hardship
         withdrawal only if it determines that the withdrawal is necessary to
         meet an immediate and heavy financial need of the Participant. An
         immediate and heavy financial need of the Participant means a financial
         need on account of:

         (a)      medical expenses described in Section 213(d) of the Code
                  incurred by the Participant, the Participant's spouse, or any
                  dependent of the Participant (as defined in Section 152 of the
                  Code);

         (b)      purchase (excluding mortgage payments) of a principal
                  residence for the Participant.

         (c)      payment of tuition, related educational fees, and room and
                  board expenses for the next 12 months of post-secondary
                  education for the Participant, the Participant's spouse, or
                  any dependent of the Participant;

         (d)      the need to prevent the eviction of the Participant from his
                  principal residence or foreclosure on the mortgage of the
                  Participant's principal residence; or

         (e)      funeral expenses of a member of the Participant's family.

         A withdrawal shall be deemed to be necessary to satisfy an immediate
         and heavy financial need of a Participant only if all of the following
         requirements are satisfied:

         (f)      The withdrawal is not in excess of the amount of the immediate
                  and heavy financial need of the Participant.

         (g)      The Participant has obtained all distributions, other than
                  hardship distributions, and all non-taxable loans currently
                  available under all plans maintained by the Company or any
                  related corporation.

         (h)      The Participant's Tax-Deferred Contributions, After-Tax
                  Contributions and Catch-Up Contributions and the Participant's
                  elective tax-deferred contributions and employee after-tax
                  contributions under all other tax-qualified plans maintained
                  by the Company or any related corporation shall be suspended
                  for at least 12 months after his receipt of the withdrawal and
                  he may not have any further Tax-Deferred Contributions or
                  Catch-Up Contributions made on his behalf nor shall he make
                  any further After-Tax Contributions until the Enrollment Date
                  next following the expiration of 12 months after the effective
                  date of such

                                      -41-
<PAGE>

                  withdrawal; provided, however, that this paragraph (h) shall
                  not apply if the Participant has attained age 59-1/2.
                  Effective January 1, 2002, 12 months will be replaced with 6
                  months in this subparagraph.

         (i)      The Participant shall not make Tax-Deferred Contributions,
                  Catch-Up Contributions or elective tax-deferred contributions
                  under any other tax-qualified plan maintained by the Company
                  or any related corporation for the Participant's taxable year
                  immediately following the taxable year of the withdrawal in
                  excess of the applicable limit under Section 402(g) of the
                  Code for such next taxable year less the amount of the
                  Participant's Tax-Deferred Contributions, Catch-Up
                  Contributions and elective tax-deferred contributions under
                  any other plan maintained by the Company or any related
                  corporation for the taxable year of the withdrawal; provided,
                  however, that this paragraph (i) shall not apply if the
                  Participant has attained age 59-1/2.

         The maximum amount that a Participant may withdraw because of a
         hardship is (i) the balance of his sub-account attributable to
         Tax-Deferred Contributions, exclusive of any earnings credited to such
         amounts after December 31, 1988, except to the extent permitted by
         regulations issued under Section 401(k) of the Code, (ii) his vested
         interest in his sub-account attributable to Matching Employer
         Contributions, (iii) the balance of his sub-account attributable to
         Catch-Up Contributions, exclusive of any earnings, and (iv) the balance
         of his sub-account attributable to After-Tax Contributions. Hardship
         withdrawals shall be made effective as of the date on which the
         withdrawal application is filed and shall be paid to the Participant as
         soon as practicable thereafter. A Participant shall not fail to be
         treated as an eligible Employee for the purposes of applying the
         limitations contained in Sections 4.3 and 6.8 of the Plan merely
         because his Tax-Deferred Contributions and After-Tax Contributions are
         suspended in accordance with this Section 11.4.

11.5     SPECIAL AGE 70-1/2 DISTRIBUTION.

         Notwithstanding any other provisions of the Plan to the contrary, a
         Participant may elect to commence distribution of his vested interest
         in his separate account as of any date after such Participant has
         attained age 70-1/2. Any distribution of a Participant's interest under
         this Section 11.5 shall be made in accordance with the otherwise
         applicable provisions of Article XII.

11.6     ADJUSTMENT OF ACCOUNTS.

         The Trustee shall adjust the separate account and sub-accounts of each
         Participant who makes a withdrawal under Section 11.1, 11.2, 11.3,
         11.4, or 11.5 to reflect such withdrawal as of the date of such
         withdrawal, charging any such withdrawal against the Investment Funds,
         as appropriate.

                                      -42-
<PAGE>

                                  ARTICLE XII

                  TERMINATION OF PARTICIPATION AND DISTRIBUTION

12.1     TERMINATION OF PARTICIPATION.

         Each Participant shall cease to be a Participant hereunder on the first
         to occur of the following dates:

         (a)      on the date such Participant's employment with an Employer or
                  a related corporation is terminated after he has attained age
                  65;

         (b)      on the date such Participant's employment with an Employer or
                  a related corporation is terminated because of physical or
                  mental disability preventing his continuing in the service of
                  such employer, as determined by the Company upon the basis of
                  a written certificate of a physician acceptable to it or, if
                  earlier, on the first anniversary of the first day of a period
                  in which he remains absent from the service of the Company and
                  all subsidiaries of the Company because of physical or mental
                  disability preventing his continuing in the service of his
                  employer, as determined by the Company upon the basis of a
                  written certificate of a physician acceptable to it;

         (c)      on the date such Participant's employment with an Employer or
                  a related corporation is terminated because of the death of
                  such Participant;

         (d)      on the date such Participant's employment with an Employer or
                  a related corporation is terminated after he has completed
                  four years of Continuous Service; or

         (e)      on the date such Participant's employment with an Employer or
                  a related corporation is terminated under any other
                  circumstances, including, in particular, (i) the date the
                  Participant's employment with an Employer or related
                  corporation is terminated in connection with the sale by the
                  Employer or related corporation of substantially all of the
                  assets used in a trade or business, even though the
                  Participant continues employment with the entity acquiring
                  such assets, and (ii) the date of the sale by an Employer or
                  related corporation of its interest in a subsidiary that
                  employs the Participant, even though the Participant continues
                  employment with such subsidiary.

         provided, however, that if any such date shall be a valuation date,
         such Participant shall for all purposes hereof cease to be a
         Participant upon the next succeeding day. Written notice of a
         Participant's Settlement Date shall be given promptly by the Company to
         the Trustee. Notwithstanding anything to the contrary contained in the
         Plan, a Participant's right to receive distribution of the balance of
         his separate account as of his Settlement Date, in accordance with the
         provisions of this Article XII, shall be fully vested and
         nonforfeitable upon attainment of age 65.

                                      -43-
<PAGE>

12.2     VESTING OF SEPARATE ACCOUNTS.

         A Participant's vested interest in his sub-accounts attributable to
         Tax-Deferred Contributions, After-Tax Contributions and Catch-Up
         Contributions shall be at all times 100%. As of a Participant's
         Settlement Date, and after notice thereof has been given as provided in
         Section 12.1, the balance of the Participant's sub-account attributable
         to Matching Employer Contributions shall be vested as follows:

         (a)      In the event such Participant's Settlement Date occurs under
                  the conditions specified in paragraph (a), (b), (c) or (d) of
                  Section 12.1, such Participant shall be 100% vested in the
                  entire balance of his sub-account attributable to Matching
                  Employer Contributions as of such Settlement Date.

         (b)      In the event such Participant's Settlement Date occurs under
                  the conditions stated in paragraph (e) of Section 12.1, such
                  Participant shall have no vested interest in his sub-account
                  attributable to Matching Employer Contributions, and he shall
                  in no event receive any distribution from his sub-account
                  attributable to Matching Employer Contributions as of such
                  Settlement Date.

         Furthermore, if such a Participant does not return to employment with
         an Employer or a related corporation within one year of his Severance
         Date, his interest in his sub-account attributable to Matching Employer
         Contributions shall be disposed of in accordance with the provisions of
         Section 12.8. If he returns to employment with an Employer or a related
         corporation within one year of his Severance Date, his interest in his
         sub-account attributable to Matching Employer Contributions shall
         continue to be determined in accordance with the provisions of the
         Plan, depending on whether he again becomes an active Participant in
         accordance with Section 3.5.

12.3     DISTRIBUTION.

         The Trustee shall make distribution to or for the benefit of the Former
         Participant or his Beneficiary, as the case may be, of his vested
         interest in his separate account, provided, however, that, in order to
         insure that all pre-Settlement Date contributions have been credited to
         the separate account of the Former Participant, no distribution shall
         be made prior to the last day of the month in which the Former
         Participant's Settlement Date occurs. Distribution shall be made in a
         lump-sum payment unless such Participant's Settlement Date occurred
         under the conditions specified in paragraph (a), (b), (c), or (d) of
         Section 12.1, in which event distribution shall be made by such one or
         more of the following methods as the Former Participant shall select:

         (a)      in a single lump-sum payment;

         (b)      in a series of annual, semiannual, quarterly, or monthly
                  installments over a period not in excess of the life
                  expectancy of the Former Participant, or his Beneficiary if
                  the Former Participant has died, or a period not in excess of
                  the joint life and last survivor expectancy of the Former
                  Participant and his Beneficiary, calculated either once at the
                  time installment payments begin or annually for the Former
                  Participant and/or his Beneficiary, if his Beneficiary is his
                  spouse, as determined

                                      -44-
<PAGE>

                  by the Former Participant at the time installment payments
                  begin, such installments to be equal in amount except as
                  necessary to adjust for any net income of and changes in the
                  market value of the respective Funds, or by any other method
                  reasonably calculated to provide a more rapid distribution of
                  his interest; or

         (c)      in a series of fixed annual installments over a period not in
                  excess of the joint life and last survivor expectancy of the
                  Former Participant and his Beneficiary.

         Distribution under any such method shall be made or commenced as soon
         as reasonably practicable after the Former Participant's Settlement
         Date, but in no event later than 60 days after the close of the Plan
         year in which the Former Participant terminated employment after having
         attained age 65; provided, that the Company with the consent of a
         Former Participant whose Settlement Date occurs under the conditions
         stated in either paragraph (a) or (d) of Section 12.1 may defer making
         or commencing distribution beyond the date otherwise specified in this
         sentence until the Former Participant attains age 70 or dies, or until
         the Plan is terminated, whichever first occurs. In the event that the
         Trustee is unable to make a distribution to a Former Participant or
         Beneficiary within one year of the date distribution is otherwise to be
         made in accordance with the provisions of this Section 12.3, due to its
         inability to find such Former Participant or Beneficiary, the entire
         interest of such Former Participant or Beneficiary shall be disposed of
         in accordance with the provisions of Section 12.8; provided, that in
         the event such Former Participant or Beneficiary shall at any time in
         the future make a claim for his interest in the Plan, it shall be paid
         to him as soon as possible. Notwithstanding the foregoing, if the
         balance carried in the separate account of a Former Participant,
         excluding the value of the Former Participant's Rollover Account, is in
         excess of $5,000 and the Former Participant has not attained age 65, no
         distribution shall be made to such Former Participant without his
         written consent. Without regard to the method of distribution of a
         Former Participant's benefit or whether distribution of the benefit of
         the Former Participant has commenced, a partial distribution may be
         made to the Former Participant or his Beneficiary once in any calendar
         year at any time after the Former Participant's Settlement Date when a
         vested interest remains credited to his separate account. The amount of
         the partial distribution shall be stated as a dollar amount or a
         percentage of the Former Participant's separate account, but not in
         excess of the Former Participant's vested interest in his separate
         account remaining under the Plan at the time of the distribution.

12.4     REQUIRED COMMENCEMENT OF DISTRIBUTION.

         Notwithstanding any other provisions of the Plan to the contrary, in no
         event shall the interest attributable to a Participant or Former
         Participant be distributed commencing later than the April 1 following
         the later of (a) the calendar year in which he attains age 70 1/2, or
         (b) except in the case of a Participant who is a five-percent owner
         with respect to the Plan year ending in the calendar year in which the
         Participant attains age 70-1/2, the calendar year in which he retires.
         In addition, in no event shall such interest be payable over a period
         extending beyond the life of the Participant or the joint lives of the
         Participant and his Beneficiary, or, alternatively, over a period
         extending

                                      -45-
<PAGE>

         beyond the life expectancy of the Participant or the joint life
         expectancy of the Participant and his Beneficiary. A Participant, other
         than a five-percent owner, who has attained age 70-1/2 and has not
         retired and who has been receiving required minimum distributions from
         the Plan for any year prior to 1997 may elect not to receive any
         further distributions from the Plan until not later than April 1
         following the calendar year in which he retires.

         If a Participant or Former Participant dies after distribution of his
         entire interest has been commenced, the remaining portion of his
         interest under the Plan, if any, shall be distributed to his
         Beneficiary at least as rapidly as under the method of distribution
         being used at the date of his death. If a Participant or Former
         Participant dies before the distribution of his entire interest has
         commenced, the entire interest attributable to such Former Participant
         must be distributed within 5 years after the date of his death; except
         that such 5-year distribution requirement shall not apply (i) to any
         portion of such Former Participant's interest under the Plan that is
         payable to his Beneficiary over the Beneficiary's lifetime, or over a
         period not extending beyond the life expectancy of his Beneficiary, so
         long as such distribution commences no later than one year after the
         date of such Former Participant's death (or such later date as may be
         prescribed by applicable Treasury Regulations), or (ii) to any portion
         of such Former Participant's interest under the Plan that is payable to
         his surviving spouse over the surviving spouse's lifetime, or over a
         period not extending beyond the life expectancy of such surviving
         spouse, so long as the distribution commences no later than the date on
         which the Former Participant would have attained age 70 1/2. If a
         surviving spouse dies before distribution commences pursuant to the
         immediately foregoing clause (ii), the 5-year distribution requirement
         applies as if the surviving spouse were the Former Participant.

         With respect to distributions under the Plan made for calendar years
         beginning on or after January 1, 2002, the Plan will apply the minimum
         distribution requirements of Section 401(a)(9) of the Code in
         accordance with the regulations under Section 401(a)(9) that were
         proposed on January 17, 2001, notwithstanding any provision of the Plan
         to the contrary. This provision shall continue in effect until the end
         of the last calendar year beginning before the effective date of final
         regulations under Section 401(a)(9) or such other date as may be
         specified in guidance published by the Internal Revenue Service.

12.5     FORM OF DISTRIBUTION.

         All distributions under this Article XII with respect to any amount
         which is attributable to the interest of a Former Participant shall be
         made in the form of cash, except that if he or, if he is deceased, his
         Beneficiary so requests, the amount attributable to his interest in the
         Goodyear Stock Fund shall be paid in the form of Company Stock, with an
         amount equivalent in value to any fractional share of Company Stock
         paid in cash.

12.6     ELECTION OF FORMER VESTING SCHEDULE.

         In the event the Company adopts an amendment to the Plan that directly
         or indirectly affects the computation of a Participant's nonforfeitable
         interest attributable to Matching Employer Contributions, any
         Participant with three or more years of Continuous Service

                                      -46-
<PAGE>

         shall have a right to have his nonforfeitable interest in amounts
         attributable to Matching Employer Contributions continue to be
         determined under the vesting schedule in effect prior to such amendment
         rather than under the new vesting schedule, unless the nonforfeitable
         interest of such Participant in amounts attributable to Matching
         Employer Contributions under the Plan, as amended, at any time is not
         less than such interest determined without regard to such amendment. An
         Employee shall exercise such right by giving written notice of his
         exercise thereof to the Company within 60 days after the latest of (i)
         the date he received notice of such amendment from the Company, (ii)
         the effective date of the amendment, or (iii) the date the amendment is
         adopted. Notwithstanding the foregoing provisions of this Section 12.6,
         the vested interest of each Participant on the effective date of such
         amendment shall not be less than his vested interest under the Plan as
         in effect immediately prior to the effective date thereof.

12.7     BUY BACK OF FORFEITED AMOUNTS.

         A Participant who forfeited all or a portion of the amounts credited to
         his sub-account attributable to Matching Employer Contributions in
         accordance with the provisions of Section 12.2 and who is reemployed by
         an Employer or a related corporation shall have such forfeited amounts
         recredited to his sub-account attributable to Matching Employer
         Contributions upon his subsequent reemployment as an Employee, without
         adjustment for interim gains or losses experienced by the Trust Fund,
         if:

         (a)      he returns to employment with an Employer or a related
                  corporation before he incurs five consecutive breaks in
                  service commencing after the later of his Settlement Date or
                  the date he received distribution of the vested portion of his
                  separate account;

         (b)      he resumes employment covered under the Plan before the end of
                  the five-year period beginning on the date he is reemployed;
                  and

         (c)      if he received distribution of the vested portion of his
                  separate account, he repays to the Plan the full amount of
                  such distribution before the end of the five-year period
                  beginning on the date he is reemployed.

         Funds needed in any Plan year to recredit the sub-account attributable
         to Matching Employer Contributions of such Participant with the amounts
         or prior forfeitures in accordance with the preceding sentence shall
         first come from forfeitures that arise during such Plan year, to the
         extent sufficient, next shall be provided by his Employer by way of a
         separate Matching Employer Contribution, and shall finally come from
         income earned by the Trust Fund in such Plan year.

12.8     DISPOSITION OF FORFEITED BALANCES.

         Whenever settlement is made with respect to a Former Participant on the
         occurrence of his Settlement Date and the balance of his sub-account
         attributable to Matching Employer Contributions is not vested, such
         balance shall be deemed a forfeiture for the month in which the
         settlement occurs. If settlement is not made with respect to a Former
         Participant on the occurrence of his Settlement Date and if the balance
         of his sub-account

                                      -47-
<PAGE>

         attributable to Matching Employer Contributions is not vested, such
         balance shall be deemed a forfeiture for the month in which the fifth
         anniversary of his Severance Date occurs, unless he is reemployed as an
         Employee prior to such date. In either case, as of the last day of such
         month, the forfeitures attributable to each sub-account attributable to
         Matching Employer Contributions and to each other separate account
         shall be applied against the Matching Employer Contribution obligation
         of the Employers incurred during such month. Notwithstanding the
         foregoing, however, should the amount of all such forfeitures of
         Matching Employer Contributions for any Plan year exceed the amount of
         the Matching Employer Contribution obligation of the Employers for such
         Plan year, the excess amount of such forfeitures (together with any
         such forfeitures for prior Plan years not theretofore applied against
         such contribution obligation of the Employers) shall for all Plan
         purposes be applied against the Matching Employer Contribution
         obligation of the Employers for the next following Plan year.

12.9     EFFECT OF COMPANY'S DETERMINATION.

         In exercising its authority under this Article XII, the Company shall
         act in such manner as it shall in good faith determine will most
         adequately and fairly meet the needs of each Former Participant or
         Beneficiary, as the case may be. No authority shall be exercised in
         such manner as to discriminate between any class or group of
         Participants. The Company's determination of all questions which may
         arise under this Article XII (if made in accordance with the standards
         prescribed herein and in Section 14.1) shall be conclusive upon all
         persons claiming to have any interest hereunder. In making any
         determinations hereunder, the Company may rely upon any signed
         statement which the Participant files with it.

12.10    REEMPLOYMENT OF A FORMER PARTICIPANT.

         Subject to the provisions of Section 3.5 and Section 12.7, in the event
         a Former Participant is reemployed by an Employer, he shall be treated
         as a new employee for all purposes of the Plan. If he again becomes a
         Participant, he shall lose his right to any distributions or further
         distributions from the Trust Fund with respect to the prior termination
         of his employment, and his interest in the Trust Fund shall thereafter
         be treated in the same manner as that of any other Participant.

12.11    RESTRICTIONS ON ALIENATION.

         Except as provided in Section 401(a)(13)(B) of the Code (relating to
         qualified domestic relations orders), Sections 401(a)(13)(C) and (D) of
         the Code (relating to offsets ordered or required under a criminal
         conviction involving the Plan, a civil judgment in connection with a
         violation or alleged violation of fiduciary responsibilities under the
         Act, or a settlement agreement between the Participant and the
         Department of Labor in connection with a violation or alleged violation
         of fiduciary responsibilities under the Act, occurring after August 4,
         1997), Section 1.401(a)-13(b)(2) of Treasury Regulations (relating to
         federal tax levies), or as otherwise required by law, no benefit under
         the Plan at any time shall be subject in any manner to anticipation,
         alienation, assignment (either at law or in equity), encumbrance,
         garnishment, levy, execution, or other legal or equitable process;

                                      -48-
<PAGE>

         and no person shall have power in any manner to anticipate, transfer,
         assign (either at law or in equity), alienate or subject to attachment,
         garnishment, levy, execution, or other legal or equitable process, or
         in any way encumber his benefits under the Plan, or any part thereof,
         and any attempt to do so shall be void.

12.12    FACILITY OF PAYMENT.

         In the event that it shall be found that any individual to whom an
         amount is payable hereunder is incapable of attending to his financial
         affairs because of any mental or physical condition, including the
         infirmities of advanced age, such amount (unless prior claim therefor
         shall have been made by a duly qualified guardian or other legal
         representative) may, in the discretion of the Company, be paid to
         another person for the use or benefit of the individual found incapable
         of attending to his financial affairs or in satisfaction of legal
         obligations incurred by or on behalf of such individual. The Trustee
         shall make such payment only upon receipt of written instructions to
         such effect from the Company. Any such payment shall be charged to the
         sub-accounts from which any such payment would otherwise have been paid
         to the individual found incapable of attending to his financial affairs
         and shall be a complete discharge of any liability therefor under the
         Plan.

12.13    DISTRIBUTIONS TO OTHER QUALIFIED PLANS.

         In the case of a Participant or Former Participant whose vested
         interest in his separate account under the Plan has not been fully
         distributed and who is eligible to participate in another plan that is
         qualified under Section 401(a) of the Code, the Company may direct the
         Trustee to transfer the amount of such accounts under the Plan to the
         funding agent for such plan if the plan to receive the transfer (i)
         authorizes acceptance of such transfers, (ii) provides that transferred
         amounts shall be held in a separate account, and (iii) provides that
         the transferred amounts shall be fully vested and nonforfeitable, with
         the exception that in the case of a transfer of accounts to a plan of
         an Employer or related corporation, the Participant's or Former
         Participant's vested interest in such transferred accounts shall be
         determined as of the date of transfer based on the vesting provisions
         of the Plan in effect on such date, and on and after the date of
         transfer the vested interest shall be determined based on the vesting
         provisions of the transferee plan or, in the event an election of a
         prior vesting schedule applies with respect to the Participant or
         Former Participant, based on the vesting provisions of the Plan as of
         the date of transfer.

12.14    ESOP REQUIRED DISTRIBUTION.

         Notwithstanding the foregoing provisions of this Article XII, for
         purposes of compliance with the provisions of Section 4975(e)(7) and
         Section 409 of the Code, unless a Participant otherwise elects to defer
         the receipt of his Plan benefit, the distribution of the Participant's
         vested Plan benefit attributable to Matching Employer Contributions
         shall commence not later than one year after the close of the Plan
         Year:

         (a)      in which the Participant separates from service by reason of
                  normal retirement, disability, or death, or

                                      -49-
<PAGE>

         (b)      which is the fifth Plan Year following the Plan Year in which
                  the Participant otherwise separated from service, and the
                  Participant has not become re-employed by the Employer before
                  distribution is required to begin under this Section 12.14.

         For purposes of this Section 12.14, however, if Company Stock acquired
         with the proceeds of an Acquisition Loan is credited to a Participant's
         account, the distribution requirement of this Section 12.14 shall not
         apply to such Company Stock (unless the Plan Administrator determines
         otherwise) until one year after the last day of the Plan Year in which
         the Acquisition Loan is paid in full. Distributions required under this
         Section 12.14 shall be made in substantially equal annual payments over
         a period of five years unless the Participant otherwise elects under
         provisions of the Plan other than this Section 12.14. In no event shall
         such distribution period exceed the period permitted under Section
         401(a)(9) of the Code.

12.15    RIGHT OF FIRST REFUSAL.

         At any time that Company Stock is not publicly traded, all Company
         Stock attributable to Matching Employer Contributions distributed by
         the Trustee may, as determined by the Company, be subject to a "right
         of first refusal." Such a "right" shall provide that prior to any
         subsequent transfer, the Company Stock must first be offered by written
         offer to the Trust, and then, if refused by the Trust, to the Company.
         In the event that the proposed transfer constitutes a gift or other
         such transfer at less than fair market value, the price per share shall
         be the fair market value determined as of the valuation date coinciding
         with or immediately preceding the date offered to the Trust. In the
         event of a proposed purchase by a prospective bona fide purchaser, the
         offer to the Trustee and the Company shall be at the greater of fair
         market value or the price offered to be paid by the prospective bona
         fide purchaser; provided, however, that the Trust shall not purchase
         any Company Stock when the purchase price of such Company Stock is in
         excess of fiar market value. The Trust or the Company, as the case may
         be, may accept the offer at any time during a period not exceeding 14
         days after receipt of such offer.

12.16    RIGHTS TO PUT COMPANY STOCK.

         If Company Stock distributed to a Participant, Former Participant, or
         Beneficiary is, at the time of the distribution, not publicly traded or
         is then subject to a trading limitation, the Participant, Former
         Participant, or Beneficiary will have an option (the "Put") to require
         the Company to purchase all of the shares of Company Stock attributable
         to Matching Employer Contributions actually distributed to him for the
         Option Price (as defined below). A "trading limitation" is a
         restriction under any federal or state securities law, or applicable
         regulation, or an agreement, which would make the Company Stock not as
         freely tradable as Company Stock not subject to the restriction. The
         Put may be exercised at any time during the Option Period (as defined
         below) by giving the Company written notice of the election to exercise
         the Put.

         (a)      The "Option Period" is the 60-day period following the day on
                  which a Participant, Former Participant, or Beneficiary
                  receives a distribution. If the Participant, Former
                  Participant, or Beneficiary does not exercise the Put during

                                      -50-
<PAGE>

                  the 60-day period, the Option Period will also be the 60-day
                  period beginning on the 12-month anniversary of the day on
                  which the Participant, Former Participant, or Beneficiary
                  receives a distribution. The Option Period will be extended by
                  the amount of time during which the Company is unable to honor
                  the Put by reason of applicable federal or state law.

         (b)      The "Option Price" will be the value of each share of Company
                  Stock as of the valuation date immediately preceding the date
                  the Put is exercised, multiplied by the number of shares of
                  Company Stock to be sold under the Put, with appropriate
                  adjustments to reflect intervening stock dividends, stock
                  splits, stock redemptions, or similar changes to the number of
                  outstanding shares. The Option Price will be payable in cash
                  and/or in installments beginning not later than 30 days after
                  the Company receives written notice of the election by the
                  Participant, Former Participant, or Beneficiary to exercise
                  the Put.

         If the distribution of Company Stock to the Participant, Former
         Participant, or Beneficiary constituted a distribution within one
         taxable year of the balance to the credit of the Account, the Company
         reserves the right to establish guidelines to be exercised in a uniform
         and nondiscriminatory manner to make payment for the shares of Company
         Stock subject to the Put on an installment basis in substantially equal
         annual, quarterly, or monthly payments over a period not to exceed five
         years. The Company will pay reasonable interest at least annually on
         the unpaid balance of the Option Price and will provide to the
         Participant, Former Participant, or Beneficiary adequate security with
         respect to the unpaid balance. The Put will not be assignable, except
         that the Participant's donees or, in the event of a Participant's
         death, his personal representative, will be entitled to exercise the
         Put. The Trustee in its discretion may, with the Company's consent,
         assume the Company's obligation under this Section 12.16 at the time a
         Participant, Former Participant, or Beneficiary exercises the Put. If
         the Trustee does assume the Company's obligations, the provisions of
         this Section 12.16 that apply to the Company will also apply to the
         Trustee. The Put will also apply to Company Stock that is publicly
         traded without restriction when distributed but which ceases to be
         publicly traded or which becomes subject to a trading limitation during
         the Option Period. In that event, the Corporation will notify in
         writing each Participant, Former Participant, or Beneficiary to whom
         the Put becomes applicable that the Company Stock held by the
         Participant, Former Participant, or Beneficiary is subject to the Put
         for the remainder of the applicable Option Period and will inform the
         Participant, Former Participant, or Beneficiary of the terms of the
         Put. If the written notice is given later than ten days after the
         Company Stock ceases to be publicly traded or becomes subject to a
         trading limitation, the period during which the Put may be exercised
         will be extended by the number of days between the tenth day and the
         date the notice is actually given. The Company will notify each
         Participant, Former Participant, and Beneficiary that is eligible to
         exercise the Put of the fair market value of each share of Company
         Stock as soon as practicable following its determination. The Company
         will send all notices required under this Section 12.16 to the last
         known address of a Participant, Former Participant, or Beneficiary, and
         it will be the duty of those persons to inform the Company of any
         changes in address.

                                      -51-
<PAGE>

12.17    OTHER OPTIONS.

         Except as otherwise provided in this Article XII, no person may be
         required to sell Company Stock to the Company, nor may the Trust enter
         into an agreement that obligates the Trust to purchase Company Stock
         upon the death of a shareholder.

12.18    NONTERMINABLE PROTECTION AND RIGHTS.

         Except as provided in Sections 12.15 and 12.16 or as otherwise required
         by applicable law, no Company Stock acquired with the proceeds of an
         Acquisition Loan may be subject to a put, call, or other option, or
         buy-sell or similar arrangement while held by or when distributed from
         the Trust, whether or not such Acquisition Loan has been repaid or the
         Plan ceases to be an employee stock ownership plan. Moreover, if the
         Trustee holds or distributes any Company Stock acquired with the
         proceeds of an Acquisition Loan, which Company Stock is not publicly
         traded without restriction when distributed or which ceases to be so
         traded within 15 months after distribution, and either such Acquisition
         Loan is repaid or the Plan ceases to be an employee stock ownership
         plan, the Put described in Section 12.16 shall be nonterminable with
         respect to such Company Stock.

                                      -52-
<PAGE>

                                  ARTICLE XIII

                                  BENEFICIARIES

13.1     DESIGNATION OF BENEFICIARY.

         In the case of a Participant or Former Participant who is not married,
         the Beneficiary to whom distribution shall be made hereunder in the
         event such Participant or Former Participant dies before his interest
         shall have been distributed to him in full shall be such person or
         persons designated by the Participant or Former Participant. In the
         case of a Participant or Former Participant who is married, the
         Beneficiary to whom distribution shall be made hereunder in the event
         such Participant or Former Participant dies before his interest shall
         have been distributed to him in full shall be his surviving spouse, if
         any, or alternatively such person or persons designated by the
         Participant or Former Participant, provided that such designation has
         been consented to by the surviving spouse, if any, of such Participant
         or Former Participant in the manner herein specified. A designation of
         Beneficiary hereunder may be changed at any time and from time to time
         by the Participant or Former Participant, provided that such change of
         designation has been consented to by the surviving spouse, if any, of
         such Participant or Former Participant in the manner herein specified.
         Any such designation or change of designation, with spousal consent
         when necessary, shall be made in writing in the form prescribed by the
         Company, and shall become effective only when filed by the Participant
         or Former Participant with the Company; provided, however, that any
         such designation or change of designation which is received by the
         Company after the death of the Participant or Former Participant shall
         be disregarded. Spousal consent, where required, shall be effective
         only if it is in writing, it includes an acknowledgment of the effect
         of the consent being given, and it is witnessed by a Plan
         representative or a notary public. Spousal consent shall not be
         required if a Plan representative finds that such spouse cannot be
         located or because of other circumstances set forth in Section
         417(a)(2)(B) of the Code and regulations thereunder. Any consent by a
         spouse obtained under this Section 13.1 shall be effective only with
         respect to such spouse.

13.2     BENEFICIARY IN THE ABSENCE OF DESIGNATION.

         If a deceased Participant or Former Participant has no surviving spouse
         and if either no Beneficiary for such Participant or Former Participant
         shall have been designated, or if all those designated as his
         Beneficiary shall die prior to the death of such Participant or Former
         Participant, then the Beneficiary shall be one of the following: his
         surviving children per stirpes; if there are no surviving children,
         then his surviving parents per stirpes; if there are no surviving
         parents, then his surviving brothers and sisters per stirpes; if there
         are no surviving brothers or sisters, then the estate of such
         Participant or Former Participant. If any Beneficiary shall die after
         becoming entitled to receive distribution hereunder and before such
         distribution is made in full, and if no other Beneficiary shall have
         been designated to receive the balance of such distribution upon the
         happening of such contingency, the estate of such deceased Beneficiary
         shall become the Beneficiary as to such balance.

                                      -53-
<PAGE>

                                  ARTICLE XIV

                                 ADMINISTRATION

14.1     AUTHORITY OF COMPANY.

         The Company shall have all the powers and authority expressly conferred
         upon it herein and further shall have the sole right to interpret and
         construe the Plan, and to determine any disputes arising thereunder,
         subject, however, to the provisions of Section 14.3. In exercising such
         powers and authority, the Company shall at all times exercise good
         faith, apply standards of uniform application, and refrain from
         arbitrary action. The Company may employ such attorneys, agents, and
         accountants as it may deem necessary or advisable to assist it in
         carrying out its duties hereunder. The Company and the Trustee shall be
         "named fiduciaries" as that term is defined in Section 402(a)(2) of the
         Act. The Company, by action of its Board of Directors, may:

         (a)      allocate any of the powers, authority, or responsibilities for
                  the operation and administration of the Plan, which are
                  retained by it or to it granted by this Article XIV, to the
                  Trustee; and

         (b)      designate a person or persons other than the Company to carry
                  out any of such powers, authority, or responsibilities;

         except that no power, authority, or responsibility of the Trustee shall
         be subject to the provisions of paragraph (b) of this Section 14.1, and
         except that no allocation or delegation by the Company of any of its
         powers, authority, or responsibilities to the Trustee shall become
         effective unless such allocation or delegation shall first be accepted
         by the Trustee in a writing signed by it and delivered to the Company.

14.2     ACTION OF COMPANY.

         Any act authorized, permitted, or required to be taken by the Company
         under the Plan, which has not been delegated in accordance with Section
         14.1, may be taken by a majority of the members of the Board of
         Directors of the Company, either by vote at a meeting, or in writing
         without a meeting. All notices, advice, directions, certifications,
         approvals, and instructions required or authorized to be given by the
         Company under the Plan shall be in writing and signed by either (i) a
         majority of the members of the Board of Directors of the Company, or by
         such member or members as may be designated by an instrument in
         writing, signed by all the members thereof, as having authority to
         execute such documents on its behalf, or (ii) a person authorized to
         act for the Company in accordance with Section 14.1. Subject to the
         provisions of Section 14.3, any action taken by the Company which is
         authorized, permitted, or required under the Plan shall be final and
         binding upon the Employers, the Trustee, all persons who have or who
         claim an interest under the Plan, and all third parties dealing with
         the Employers or the Trustee.

                                      -54-
<PAGE>

14.3     CLAIMS REVIEW PROCEDURE.

         Whenever the Company decides for whatever reason to deny, whether in
         whole or in part, a claim for benefits filed by any person (herein
         referred to as the "Claimant"), the Plan Administrator shall transmit a
         written notice of the Company's decision to the Claimant, which notice
         shall be written in a manner calculated to be understood by the
         Claimant and shall contain a statement of the specific reasons for the
         denial of the claim and a statement advising the Claimant that, within
         60 days of the date on which he receives such notice, he may obtain
         review of the decision of the Company in accordance with the procedures
         hereinafter set forth. Within such 60-day period, the Claimant or his
         authorized representative may request that the claim denial be reviewed
         by filing with the Plan Administrator a written request therefor, which
         request shall contain the following information:

         (a)      the date on which the Claimant's request was filed with the
                  Plan Administrator; provided, however, that the date on which
                  the Claimant's request for review was in fact filed with the
                  Plan Administrator shall control in the event that the date of
                  the actual filing is later than the date stated by the
                  Claimant pursuant to this paragraph (a);

         (b)      the specific portions of the denial of his claim which the
                  Claimant requests the Plan Administrator to review;

         (c)      a statement by the Claimant setting forth the basis upon which
                  he believes the Plan Administrator should reverse the
                  Company's previous denial of his claim for benefits and accept
                  his claim as made; and

         (d)      any written material (offered as exhibits) which the Claimant
                  desires the Plan Administrator to examine in its consideration
                  of his position as stated pursuant to paragraph (c) of this
                  Section 14.3.

         The Pension Board shall conduct a full and fair review of the Company's
         decision denying the Claimant's claim for benefits at its next
         regularly scheduled quarterly meeting, unless the Pension Board deems
         that it needs more facts or the date determined pursuant to paragraph
         (a) of this Section 14.3 is within 30 days of such meeting, in which
         case the Pension Board shall conduct its review at its next following
         meeting. The Pension Board shall render its written decision following
         the review, written in a manner calculated to be understood by the
         Claimant, specifying the reasons and Plan provisions upon which its
         decision was based.

14.4     INDEMNIFICATION.

         In addition to whatever rights of indemnification the members of the
         Board of Directors of the Company, or any other person or persons
         (other than the Trustee) to whom any power, authority, or
         responsibility of the Company is designated pursuant to paragraph (b)
         of Section 14.1, may be entitled under the articles of incorporation or
         regulations of the Company, under any provision of law or under any
         other agreement, the Company shall satisfy any liability actually and
         reasonably incurred by any such

                                      -55-
<PAGE>

         member or such other person or persons, including expenses, attorneys'
         fees, judgments, fines, and amounts paid in settlement, in connection
         with any threatened, pending or completed action, suit, or proceeding
         which is related to the exercising or failure to exercise by such
         member or such other person or persons of any of the powers, authority,
         responsibilities, or discretion of the Company as provided under the
         Plan, or reasonably believed by such member or such other person or
         persons to be provided hereunder, and any action taken by such member
         or such other person or persons in connection therewith.

14.5     QUALIFIED DOMESTIC RELATIONS ORDERS.

         The Company shall establish reasonable procedures to determine the
         status of domestic relations orders and to administer distributions
         under domestic relations orders which are deemed to be qualified
         orders. Such procedures shall be in writing and shall comply with the
         provisions of Section 414(p) of the Code and regulations issued
         thereunder. Notwithstanding any other provisions of the Plan to the
         contrary, if a qualified domestic relations order so provides,
         distribution may be made to an alternate payee pursuant to a qualified
         domestic relations order, as defined in Section 414(p) of the Code,
         regardless of whether the Participant's Settlement Date has occurred or
         whether the Participant is otherwise entitled to receive a distribution
         under the Plan.

14.6     ACQUISITION LOANS

         An Acquisition Loan shall be subject to the following requirements:

         (a)      The proceeds of the Acquisition Loan must be used within a
                  reasonable period of time after receipt by the Trustee only
                  for any or all of the following purposes:

                  (i)      to acquire Company Stock;

                  (ii)     to repay such loan; or

                  (iii)    to repay a prior such loan.

         (b)      The Acquisition Loan must be at a reasonable rate of interest
                  and for a specific term;

         (c)      Any collateral pledged to the creditor by the Trustee shall
                  consist only of the assets purchased with the borrowed funds;

         (d)      The creditor shall have no recourse against the Trust except
                  with respect to the collateral pledged, the contributions of
                  the Employers (other than contributions of Company Stock) that
                  are made to the Trust to meet its obligations under such loan,
                  and the earnings attributable to such collateral and the
                  investment of such contributions, and payments made with
                  respect to such loan by the Trustee during a Plan Year must
                  not exceed an amount equal to the sum of such contributions
                  and earnings received during or prior to such Plan Year less
                  such payments in prior Plan Years; and

                                      -56-
<PAGE>

         (e)      In the event of default on the loan, the value of Trust assets
                  transferred in satisfaction of the loan must not exceed the
                  amount of default, and if the lender (other than a guarantor)
                  is a disqualified person, the loan shall provide for a
                  transfer of Trust assets upon default only upon and to the
                  extent of the failure of the Trust to meet the payment
                  schedule of the loan.

         Notwithstanding anything to the contrary contained in the Plan, the
         Company agrees to contribute to the Trust amounts sufficient to pay
         each installment of principal and interest on any Acquisition Loan on
         or before the date such installment is due.

                                      -57-
<PAGE>

                                   ARTICLE XV

                           TRUSTEE AND TRUST AGREEMENT

         The Company has executed a Trust Agreement with the Trustee, setting
forth the terms, provisions, and conditions of a trust for the Plan, pursuant to
which the Trustee shall hold, manage, and administer all trust property so as to
effectuate the provisions of the Plan. The Trust Agreement is subject to
amendment and termination, and the Company may change the Trustee, all as
provided in the Trust Agreement. The terms and provisions of the Trust Agreement
are hereby incorporated by reference.

                                      -58-
<PAGE>

                                  ARTICLE XVI

                            AMENDMENT AND TERMINATION

16.1     AMENDMENT.

         Subject to the provisions of Section 16.2, the Company may at any time
         and from time to time, by action of its Board of Directors, amend the
         Plan, except that the powers and duties of the Trustee shall not be
         substantially changed without its approval. Any such amendment shall be
         by written instrument executed by the Company and delivered to the
         Trustee, and may be made retroactively if in the opinion of the Company
         such amendment is necessary to enable the Plan and Trust Fund to meet
         the requirements of the Code (including the regulations and rulings
         issued thereunder) or the requirements of any governmental authority.

16.2     LIMITATION ON AMENDMENT.

         The Company shall make no amendment to the Plan which shall result in
         the forfeiture or reduction of the interest of any Employee,
         Participant, Former Participant or person claiming under or through any
         one or more of them pursuant to the Plan, except that nothing herein
         contained shall restrict the right to amend the provisions hereof
         relating to the administration of the Plan and Trust Fund. Moreover, no
         such amendment shall be made hereunder of the Trust Fund which shall
         permit any part of the property to revert to any Employer or be used or
         be diverted to purposes other than the exclusive benefit of employees,
         Participants, Former Participants, and Beneficiaries.

16.3     TERMINATION.

         The Company reserves the right, by action of its Board of Directors, to
         terminate the Plan as to all Employers at any time, which termination
         shall become effective upon notice in writing to the Trustee (the
         effective date of such termination being hereinafter referred to as the
         "termination date"). The Plan shall terminate automatically if there
         shall be a complete discontinuance of contributions hereunder by all
         Employers. In the event of the termination of the Plan, written notice
         thereof shall be given to all Participants, Former Participants, and
         Beneficiaries having an interest under the Plan and to the Trustee.
         Upon any such termination of the Plan, the Trustee, the investment
         managers, and the Company shall take the following actions for the
         benefit of Participants, Former Participants, and Beneficiaries:

         (a)      As of the termination date, the Trustee shall value the
                  Goodyear Stock Fund and the assets of the other Investment
                  Funds with respect to which no investment manager has been
                  appointed, and each investment manager shall value the assets
                  of the Investment Funds with respect to which he has been
                  appointed. In valuing the Investment Funds with respect to
                  which no investment manager has been appointed that consist of
                  mutual funds, the Trustee may rely on price data supplied by
                  the mutual fund manager. The Trustee shall then adjust all
                  separate accounts and sub-accounts in the manner provided in
                  Section 10.1, with any

                                      -59-
<PAGE>

                  unallocated contributions being allocated as of the
                  termination date in the manner otherwise provided in the Plan.
                  The termination date shall become a valuation date for
                  purposes of Article X. In determining the net worth of the
                  Trust Fund hereunder, the Trustee shall include as a liability
                  such amounts as in its judgment shall be necessary to pay all
                  expenses in connection with the termination of the Trust Fund
                  and the liquidation and distribution of the property of the
                  Trust Fund, as well as other expenses, whether or not accrued,
                  and shall include as an asset all accrued income.

         (b)      The Trustee thereafter shall then dispose of all separate
                  accounts to or for the benefit of each Participant, Former
                  Participant, or Beneficiary in accordance with the provisions
                  of Section 12.3.

         Notwithstanding anything to the contrary contained in the Plan, upon
         any such Plan termination, the interest of each Participant, Former
         Participant, and Beneficiary shall be fully vested and nonforfeitable;
         and, if there is a partial termination of the Plan, the interest of
         each Participant, Former Participant, and Beneficiary who is affected
         by such partial termination shall be fully vested and nonforfeitable.
         Moreover, no such Plan termination shall affect the continuance of
         distributions from any separate accounts of Former Participants whose
         Settlement Dates occurred prior to the termination date in accordance
         with the method determined by the Company prior to such date.

16.4     WITHDRAWAL OF AN EMPLOYER.

         An Employer other than the Company may, by action of its Board of
         Directors, withdraw from the Plan, such withdrawal to be effective upon
         notice in writing to the Trustee (the effective date of such withdrawal
         being hereinafter referred to as the "withdrawal date"), and shall
         thereupon cease to be an Employer for all purposes of the Plan. An
         Employer shall be deemed automatically to withdraw from the Plan in the
         event of its complete discontinuance of contributions, or (subject to
         Section 16.5) in the event it ceases to be a subsidiary. The withdrawal
         of an Employer shall be treated as a termination of the Plan with
         respect to such Employer, and with respect to Participants who at the
         time are employed by such Employer. In the event of any such withdrawal
         of an Employer, the Trustee, the investment managers, and the Company
         shall, as of the withdrawal date, take the action specified in Section
         16.3, as on a termination of the Plan, except that there shall be a
         distribution from the separate accounts only in the case of
         Participants who are employed solely by the withdrawing Employer, and
         who, upon such withdrawal, are neither transferred to nor continued in
         employment with any other Employer or a related corporation. The
         interest of any Participant employed by such withdrawing Employer who
         is transferred to or continues in employment with any other Employer or
         a related corporation, and the interest of any Participant employed
         solely by an Employer other than the withdrawing Employer, or a related
         corporation, shall remain unaffected by such withdrawal; no adjustment
         in his separate account shall be made by reason of the withdrawal; and
         he shall continue as a Participant hereunder subject to the remaining
         provisions of the Plan.

                                      -60-
<PAGE>

16.5     CORPORATE REORGANIZATION.

         The merger, consolidation, or liquidation of the Company or any
         Employer with or into the Company, any other Employer, or a related
         corporation shall not constitute a termination of the Plan as to the
         Company or such Employer.

                                      -61-
<PAGE>

                                  ARTICLE XVII

                       ADOPTION BY SUBSIDIARIES; EXTENSION
                           TO NEW BUSINESS OPERATIONS

17.1     ADOPTION BY SUBSIDIARIES.

         Any subsidiary of the Company which at the time is not an Employer may,
         with the consent of the Board of Directors of the Company, adopt the
         Plan and become an Employer hereunder by causing an appropriate written
         instrument evidencing such adoption to be executed pursuant to the
         authority of its board of directors and filed with the Company and the
         Trustee.

17.2     EXTENSION TO NEW BUSINESS OPERATIONS.

         Should any Employer acquire or establish a new plant, division, or
         other business operation, such Employer may, by action of its board of
         directors, and with the consent of the Chairman of the Board, the
         President or an Executive Vice President of the Company, extend Plan
         coverage to such plant, division, or operation.

                                      -62-
<PAGE>

                                 ARTICLE XVIII

                            MISCELLANEOUS PROVISIONS

18.1     NO COMMITMENT AS TO EMPLOYMENT.

         Nothing herein contained shall be construed as a commitment or
         agreement upon the part of any Employee hereunder to continue his
         employment with an Employer, and nothing herein contained shall be
         construed as a commitment on the part of any Employer to continue the
         employment or rate of Compensation of any Employee hereunder for any
         period.

18.2     BENEFITS.

         Nothing in the Plan nor the Trust Agreement shall be construed to
         confer any right or claim upon any person, firm, or corporation other
         than the Employers, the Trustee, Participants, Former Participants, and
         Beneficiaries.

18.3     NO GUARANTEES.

         No Employer nor the Trustee guarantees the Trust Fund from loss or
         depreciation, nor the payment of any amount which may become due to any
         person hereunder.

18.4     EXPENSES.

         The expenses of administration of the Plan are considered expenses of
         the Plan and shall be paid in total from the Trust Fund and by the
         Company. The brokerage expenses of the Goodyear Stock Fund and the fees
         of the Trustee shall be paid by the Company. All expenses of the
         Investment Funds shall be paid from such Funds.

18.5     PRECEDENT.

         Except as otherwise specifically provided, no action taken in
         accordance with the Plan by the Employers or the Trustee shall be
         construed or relied upon as a precedent for similar action under
         similar circumstances.

18.6     DUTY TO FURNISH INFORMATION.

         Each of the Employers and the Trustee shall furnish to any of the
         others any documents, reports, returns, statements, or other
         information that any other reasonably deems necessary to perform its
         duties imposed hereunder or otherwise imposed by law.

18.7     WITHHOLDING.

         The Trustee shall withhold any tax which by any present or future law
         is required to be withheld, and which the Company notifies the Trustee
         in writing is to be so withheld, from any payment to any Participant,
         Former Participant, or Beneficiary hereunder.

                                      -63-
<PAGE>

18.8     MERGER, CONSOLIDATION, OR TRANSFER OF PLAN ASSETS.

         The Plan shall not be merged or consolidated with any other plan, nor
         shall any of its assets or liabilities be transferred to another plan,
         unless, immediately after such merger, consolidation, or transfer of
         assets or liabilities, each Participant in the Plan would receive a
         benefit under the Plan which is at least equal to the benefit he would
         have received immediately prior to such merger, consolidation, or
         transfer of assets or liabilities (assuming in each instance that the
         Plan had then terminated).

18.9     BACK PAY AWARDS.

         The provisions of this Section 18.9 shall apply only to an Employee or
         Former Employee who becomes entitled to back pay by an award or
         agreement of an Employer without regard to mitigation of damages. If a
         person to whom this Section 18.9 applies was or would have become an
         Employee after such back pay award or agreement has been effected, and
         if any such person who had not previously become a Participant pursuant
         to Section 3.1 shall within 30 days of the date he receives notice of
         the provisions of this Section 18.9 make an election to become a
         Participant in accordance with such Section 3.1 (retroactive to any
         Enrollment Date as of which he was or has become eligible to do so),
         then such Participant may elect that any Tax-Deferred Contributions not
         previously made on his behalf but which, after application of the
         foregoing provisions of this Section 18.9, would have been made under
         the provisions of Article IV and any After-Tax Contributions which he
         had not previously made but which, after application of the foregoing
         provisions of this Section 18.9, he would have made under the
         provisions of Article V, shall be made out of the proceeds of such back
         pay award or agreement. To the extent that any additional Tax-Deferred
         Contributions or After-Tax Contributions are made during the month in
         accordance with the provisions of the foregoing sentence, his Employer
         shall make a Matching Employer Contribution for the Plan year in which
         such month occurs equal to the amount of the Matching Employer
         Contribution which would have been allocated to such Participant under
         the provisions of Article VI as in effect during each Plan year to
         which such additional contributions relate. The amounts of such
         additional contributions shall be credited to the separate account of
         such Participant or Former Participant, as appropriate. Any additional
         contributions made by such Participant and by an Employer pursuant to
         this Section 18.9 shall be made in accordance with, and subject to the
         limitations of the applicable provisions of Articles IV, V, and VI.

18.10    CONDITION ON EMPLOYER CONTRIBUTIONS.

         Notwithstanding anything to the contrary contained in the Plan or the
         Trust Agreement, any obligation of an Employer to make any contribution
         hereunder hereby is conditioned upon the continued qualification of the
         Plan under Section 401(a) of the Code, the exempt status of the Trust
         Fund under Section 501(a) of the Code, and the deductibility of the
         contribution under Section 404 of the Code. Except as otherwise
         provided in this Section 18.10, however, in no event shall any portion
         of the property of the Trust Fund ever revert to or otherwise inure to
         the benefit of an Employer or any related corporation.

                                      -64-
<PAGE>

18.11    RETURN OF CONTRIBUTIONS TO PARTICIPANTS.

         Notwithstanding anything to the contrary contained in the Plan or the
         Trust Agreement, in the event of the cessation of a Participant's
         participation in the Plan, on a day other than the last day of a month,
         or in the event of any termination of the Plan, any After-Tax
         Contributions which have been deducted from the compensation of a
         Participant and any Tax-Deferred Contributions which would have reduced
         his Compensation during such month shall be returned to such
         Participant or his Beneficiary, and such After-Tax Contributions and
         Tax-Deferred Contributions shall be treated for all Plan purposes as if
         they had never been made.

18.12    RETURN OF CONTRIBUTIONS TO AN EMPLOYER.

         The corpus or income of the Trust may not be diverted to or used for
         other than the exclusive benefit of the Participants or their
         Beneficiaries. Notwithstanding anything to the contrary contained in
         the Plan or the Trust Agreement, in the event a Tax-Deferred
         Contribution or a Matching Employer Contribution:

         (a)      is made under a mistake of fact, or

         (b)      is conditioned upon deduction of the contribution under
                  Section 404 of the Internal Revenue Code and such deduction is
                  disallowed, or

         (c)      is conditioned upon the initial qualification of the Plan, or
                  the continuing qualification of the Plan following amendment,
                  under Section 401(a) of the Internal Revenue Code and the Plan
                  does not so qualify,

         such a contribution may be returned to the Employer within one (1) year
         after the payment of the contribution, the disallowance of the
         deduction to the extent disallowed, or the date of denial of the
         qualification of the Plan, whichever is applicable.

18.13    VALIDITY OF PLAN.

         The validity of the Plan shall be determined and the Plan shall be
         construed and interpreted in accordance with the laws of the State of
         Ohio. The invalidity or illegality of any provision of the Plan shall
         not affect the legality or validity of any other part thereof.

18.14    PARTIES BOUND.

         The Plan shall be binding upon the Employers, all Participants, Former
         Participants, and Beneficiaries hereunder, and, as the case may be, the
         heirs, executors, administrators, successors, and assigns of each of
         them.

18.15    INDEPENDENT APPRAISALS.

         Notwithstanding anything to the contrary contained in the Plan, all
         valuations of Company Stock or other Employer securities described in
         Section 4975(e)(8) of the Code

                                      -65-
<PAGE>

         or in Treasury Reg. ss. 54.4975-12 that are not readily tradable on an
         established securities market with respect to activities carried on by
         the Plan shall be made as of the valuation date by an independent
         appraiser meeting requirements similar to those contained in Treasury
         regulations under Section 170(a)(1) of the Code. The value so
         determined shall be the value of such Shares or other Employer
         securities for all purposes of the Plan, including distributions to
         Participants and the purchase of shares under Sections 12.15 and 12.16
         from Participants who are not "disqualified persons" under Section 4975
         of the Code. If the Plan purchases Shares or other Employer securities
         from a "disqualified person," the fair market value shall be determined
         by an independent appraiser as of the date of the transaction.

                                      -66-
<PAGE>

                                  ARTICLE XIX

                              TOP-HEAVY PROVISIONS

19.1     APPLICABILITY.

         Notwithstanding anything to the contrary contained in the Plan, the
         provisions of this Article XIX shall be applicable during any Plan year
         in which the Plan is determined to be a top-heavy plan as hereinafter
         defined. In the event that the Plan is determined to be a top-heavy
         plan and upon a subsequent determination date is determined to no
         longer be a top-heavy plan, the vesting provisions specified in Section
         12.2 and the contribution provisions specified in Section 6.1 shall
         again become applicable as of such subsequent determination date;
         provided, however, that in the event such prior vesting schedule does
         again become applicable, the provisions of Section 12.6 shall apply (i)
         to preserve the nonforfeitable accrued benefit of any Participant,
         Former Participant, or Beneficiary and (ii) to permit any Participant
         with three years of Continuous Service to elect to continue to have his
         nonforfeitable interest in his sub-account attributable to Matching
         Employer Contributions determined in accordance with the vesting
         schedule specified in Section 19.3.

19.2     TOP-HEAVY DEFINITIONS.

         For purposes of this Article XIX, the following definitions shall
         apply:

         (a)      The "determination date" with respect to any Plan year shall
                  mean the last day of the preceding Plan year (or, in the case
                  of the first Plan year of the Plan, the last day of the first
                  Plan year).

         (b)      The "valuation date" with respect to any determination date
                  shall mean the most recent revaluation date occurring within a
                  12-month period ending on the determination date.

         (c)      A "key employee" shall mean any Employee or Former Employee
                  who is a key employee pursuant to the provisions of Section
                  416(i)(1) of the Code and any Beneficiary of such Employee or
                  Former Employee.

         (d)      A "non-key employee" shall mean any Employee who is not a key
                  employee.

         (e)      A "top-heavy plan" with respect to a particular Plan year
                  shall mean (i), in the case of a defined contribution plan, a
                  plan for which, as of the determination date, the aggregate of
                  the accounts (within the meaning of Section 416(g) of the Code
                  and the regulations and rulings thereunder) of key employees
                  exceeds 60 percent of the aggregate of the accounts of all
                  participants under the plan, with the accounts valued as of
                  the relevant valuation date, (ii), in the case of a defined
                  benefit plan, a plan for which, as of the determination date,
                  the present value of the cumulative accrued

                                      -67-
<PAGE>

                  benefits payable under the plan (within the meaning of Section
                  416(g) of the Code and the regulations and rulings thereunder)
                  to key employees exceeds 60 percent of the present value of
                  the cumulative accrued benefits under the plan for all
                  employees, with present value of accrued benefits to be
                  determined in accordance with the actuarial assumptions
                  specified in such defined benefit plan, and (iii) any plan
                  included in a required aggregation group that is a top-heavy
                  group. Notwithstanding the foregoing, if a plan is included in
                  a required or permissive aggregation group that is not a
                  top-heavy group, such plan shall not be a top-heavy plan. In
                  the case of a defined benefit plan, the accrued benefit of a
                  Participant other than a key employee shall be determined
                  under the method, if any, that uniformly applies for accrual
                  purposes under all defined benefit plans maintained by the
                  Employer or if there is no such method, as if such benefit
                  accrued not more rapidly than the slowest accrual rate
                  permitted under the fractional rule of Section 411(b)(1)(C) of
                  the Code. For purposes of this paragraph (e), for any Plan
                  year beginning after December 31, 1984, the accounts and
                  accrued benefits of any employee who has not performed an hour
                  of service during the five-year period ending on the
                  determination date shall be disregarded, and for each Plan
                  year beginning after December 31, 2001, the accounts and
                  accrued benefits of any employee who has not performed an hour
                  of service during the one-year period ending on the
                  determination date shall be disregarded.

         (f)      A "super top-heavy plan" with respect to a particular Plan
                  year shall mean a plan that, as of the determination date,
                  would qualify as a top-heavy plan under the definition in
                  paragraph (e) of this Section 19.2 with "90 percent"
                  substituted for "60 percent" each place where "60 percent"
                  appears in such definition. A plan is also a "super top-heavy
                  plan" if it is part of a super top-heavy group.

         (g)      A "required aggregation group" shall include (i) all plans of
                  each Employer in which a key employee is a participant, and
                  (ii) all other plans of such Employer, including any plans
                  terminated during the five-year period ending on the
                  determination date, which enable a plan described in (i) to
                  meet the requirements of Sections 401(a)(4) or 410 of the
                  Code.

         (h)      A "permissive aggregation group" shall mean those plans
                  included in each Employer's required aggregation group
                  together with any other plan or plans of the Employer, so long
                  as the entire group of plans would continue to meet the
                  requirements of Sections 401(a)(4) and 410 of the Code.

         (i)      A "top-heavy group" with respect to a particular Plan year
                  shall mean a required or a permissive aggregation group if the
                  sum, as of the determination date, of the present value of the
                  cumulative accrued benefits for key employees under all
                  defined benefit plans included in such group and the aggregate
                  of the account balances of key employees under all defined
                  contribution plans included in such group exceeds 60 percent
                  of a similar sum determined for all employees covered by the
                  plans included in such group.

         (j)      A "super top-heavy group" with respect to a particular Plan
                  year shall mean a required or permissive aggregation group
                  that, as of the determination date, would qualify as a
                  top-heavy group under the definition in paragraph (i) of this

                                      -68-
<PAGE>

                  Section 19.2 with "90 percent" substituted for "60 percent"
                  each place where "60 percent" appears in such definition.

19.3     ACCELERATED VESTING.

         In the event the Plan is determined to be a top-heavy plan with respect
         to any Plan year beginning after December 31, 1983, a Participant whose
         Settlement Date occurs during such Plan year under the conditions
         specified in paragraph (e) of Section 12.1 shall be vested in a
         nonforfeitable percentage of the balance of his sub-account
         attributable to Matching Employer Contributions which shall be
         determined by application of the following vesting schedule:

        Years of Continuous Service                Nonforfeitable Percentage
        ---------------------------                -------------------------

        Less than 2 years                                    0%
        2 years but less than 3 years                       25%
        3 years but less than 4 years                       50%
        4 years but less than 5 years                       75%
        5 years or more                                    100%

19.4     TOP-HEAVY EMPLOYER CONTRIBUTION.

         In the event the Plan is determined to be a top-heavy plan with respect
         to any Plan year beginning after December 31, 1983, the Employer
         contributions and forfeitures allocated to the sub-account attributable
         to Matching Employer Contributions of each non-key employee who is a
         Participant (or who was eligible under Section 3.1 to become a
         Participant prior to the end of the Plan year but failed to make the
         written election described therein) and who is not separated from
         service with the Employer as of the end of the Plan year shall be no
         less than the lesser of (i) three percent of his compensation for the
         entire Plan year or (ii) the largest percentage of Compensation that is
         allocated for such Plan year to the sub-account attributable to
         Matching Employer Contributions of any key employee; except that, in
         the event the Plan is part of a required aggregation group, and the
         Plan enables a defined benefit plan included in such group to meet the
         requirements of Section 401(a)(4) or 410 of the Code, the minimum
         allocation of Employer contributions and forfeitures to the sub-account
         attributable to Matching Employer Contributions of each such non-key
         employee shall be three percent of the Compensation of the non-key
         employees. Any minimum allocation to the sub-account attributable to
         Matching Employer Contributions of a non-key employee required by this
         Section 19.4 shall be made without regard to any social security
         contribution made by an Employer on behalf of the non-key employee.
         Notwithstanding the minimum top-heavy allocation requirements of this
         Section 19.4, in the event that the Plan is a top-heavy plan, each
         non-key employee who is a Participant hereunder (or who was eligible
         under Section 3.1 to become a Participant prior to the end of the Plan
         year but failed to make the written election described therein) and who
         is also covered under a top-heavy defined benefit plan maintained by an
         Employer will receive the top-heavy benefits provided

                                      -69-
<PAGE>

         under such defined benefit plan in lieu of the minimum top-heavy
         allocation under the Plan.

19.5     ADJUSTMENTS TO SECTION 415 LIMITATIONS.

         In the event that the Plan is a top-heavy plan and an Employer
         maintains a defined benefit plan covering some or all of the Employees
         that are covered by the Plan, Section 415(e)(6)(B)(i) of the Code shall
         be applied to the Plan by substituting "$41,500" for "$51,875", except
         that such substitutions shall not be applied to the Plan if (i) the
         Plan is not a super top-heavy plan, (ii) the Employer contribution for
         such Plan year for each non-key employee who is to receive a minimum
         top-heavy benefit hereunder is not less than four percent of such
         non-key employee's compensation, (iii) the minimum annual retirement
         benefit accrued by a non-key employee who participates under one or
         more defined benefit plans of an Employer or a related corporation is
         not less than the lesser of three percent times years of service with
         an Employer or a related corporation or thirty percent, and (iv) a
         non-key employee who participates under both a defined benefit plan and
         a defined contribution plan of an Employer receives an allocation of
         Employer contributions and forfeitures equal to at least seven and
         one-half percent of his Compensation.

19.6     COMPENSATION TAKEN INTO ACCOUNT.

         The annual compensation of any Participant to be taken into account
         under the Plan during any Plan year in which the Plan is determined to
         be a top-heavy plan shall not exceed $150,000 for Plan years beginning
         on or after January 1, 1994, subject to adjustment annually as provided
         in Section 401(a)(17)(B) and Section 415(d) of the Code.

                                      -70-
<PAGE>

                                   ARTICLE XX

                                      LOANS

20.1     APPLICATION FOR LOAN.

         A Participant may make application to the Company for a loan from his
         separate account under the Investment Funds, in accordance with
         procedures established by the Company; provided, however, that no loan
         in excess of 50% of the Participant's vested interest under the Plan
         shall be made hereunder; and, provided further, that the amount of any
         loan must be at least $1,000. Loans shall not be made available to
         Highly Compensated Employees in an amount greater than the amount made
         available to other Employees and shall be subject to the following
         additional conditions:

         (a)      At the time the loan is made, the Participant shall agree to
                  repay the loan by payroll withholding; provided, however, that
                  in the event a Participant terminates employment with the
                  Employer prior to the repayment of any loan hereunder, such
                  Former Participant may continue to repay the amount of his
                  loan in monthly payments forwarded to the Trustee. Any loan
                  may be repaid in full, without penalty, at any time after the
                  loan has been in existence for at least three months.

         (b)      A loan shall not be granted hereunder unless the Participant
                  consents to the charging of his separate account in accordance
                  with the provisions of Section 20.5 for unpaid principal and
                  interest in the event the loan is declared to be in default.

         (c)      As collateral for a loan granted hereunder, the Participant
                  shall grant to the Plan a security interest in such
                  Participant's separate account, which security interest shall
                  not exceed 50% of such Participant's vested interest under the
                  Plan, determined as of the date as of which the loan is made.

         (d)      A Participant shall not have more than two loans outstanding
                  at any time from the Plan and all other plans of the Employer
                  and any related corporation.

         (e)      Loans shall be made to Participants in accordance with written
                  procedures established by the Company, which written
                  procedures are hereby incorporated into and made a part of the
                  Plan.

20.2     REDUCTION OF ACCOUNT UPON DISTRIBUTION.

         Notwithstanding any other provision of the Plan to the contrary, the
         amount of a Participant's separate account that is distributable to the
         Participant or his Beneficiary under the Plan shall be reduced by the
         portion of his vested interest that is held by the Plan as security for
         any loan outstanding to the Participant, provided that the reduction is
         used to repay the loan. If a distribution is made because of the death
         of a Participant prior to the commencement of a distribution of his
         separate account, and less than 100% of the Participant's vested
         interest in his separate account (determined without regard to the
         preceding sentence) is payable to such Participant's surviving spouse,
         then the balance of the Participant's vested interest in his separate
         account shall be adjusted by reducing

                                      -71-
<PAGE>

         such Participant's vested account balance by the amount of the security
         used to repay the loan, as provided in the preceding sentence, prior to
         determining the amount of the Participant's separate account that is
         payable to such Participant's surviving spouse.

20.3     REQUIREMENTS TO PREVENT A TAXABLE DISTRIBUTION.

         Notwithstanding any other provision of the Plan to the contrary, the
         following terms and conditions shall apply to any loan made to a
         Participant under this Article XX.

         (a)      The interest rate on any loan made to a Participant hereunder
                  shall be the "prime rate" (as hereinafter defined) charged by
                  the Trustee and in effect on the date the Participant's loan
                  request is made, plus one percent. For purposes of determining
                  the rate to be used in calculating the interest charged on
                  loans made hereunder, the "prime rate" shall be the prime rate
                  set by the Trustee from time to time as reported by it and as
                  in effect on the first business day of each month. If the
                  Trustee does not set a prime rate, the interest rate on any
                  loan made to a Participant hereunder shall be a reasonable
                  interest rate commensurate with current interest rates charged
                  for loans made under similar circumstances by persons in the
                  business of lending money.

         (b)      The amount of any loan to a Participant (when added to the
                  outstanding balance of all other loans to the Participant from
                  the Plan and all other plans maintained by the Employer or a
                  related corporation) shall not exceed the lesser of:

                  (i)      $50,000, reduced by the highest outstanding balance
                           of any other loan to the Participant from the Plan
                           and all other plans maintained by the Employer or a
                           related corporation during the preceding 12-month
                           period; or

                  (ii)     50% of the vested portion of the Participant's
                           separate account under the Plan and his vested
                           interest under all other plans maintained by the
                           Employer or a related corporation.

         (c)      The repayment term of any loan granted to a Participant
                  hereunder shall be 12, 24, 36, 48 or 54 months, as specified
                  by the Participant.

         (d)      Except as otherwise permitted under Treasury regulations,
                  substantially level amortization shall be required over the
                  term of the loan with payments being made not less frequently
                  than quarterly.

20.4     ADMINISTRATION OF LOAN INVESTMENT FUNDS.

         Upon approval of a loan to a Participant hereunder, the Company shall
         direct the Trustee to establish a Loan Investment Fund in the name of
         such Participant, and to transfer to such Loan Investment Fund such
         portion of the Participant's separate account invested in the
         Investment Funds, other than amounts in either the Self-Directed
         Account or the Participant's Matching Employer Contributions
         Sub-Accounts, as shall equal the amount of the Participant's loan;
         provided, however, that the portion of the Participant's

                                      -72-
<PAGE>

         investment in the Investment Funds that is to be debited for any loan
         to be made to the Participant hereunder shall be in the same proportion
         as the Participant's current balance in those Investment Funds. Any
         loan approved by the Company shall be made to the Participant out of
         the Participant's Loan Investment Fund. All principal and interest paid
         by the Participant on a loan made under this Article XX shall be
         deposited in his Loan Investment Fund and shall be transferred, upon
         receipt, to the Investment Funds in accordance with the Participant's
         most recent investment directions on the date of payment of the Loan
         Investment Fund. The balance of the Participant's loan shall be
         decreased by the amount of principal payments, and the Loan Investment
         Fund shall be terminated when the loan has been repaid in full.

20.5     DEFAULT.

         If a Participant fails to make, or fails to cause to be made, any
         payment required under the terms of the loan within 60 days following
         the date on which such payment shall become due, the Company may direct
         the Trustee to declare the loan to be in default, in accordance with
         the provisions of the Plan's written loan procedure, and the entire
         unpaid balance of such loan, together with accrued interest, shall be
         immediately due and payable. In any such event, if such balance and
         interest thereon is not then paid, the Trustee shall charge the
         separate account of the borrower with the amount of such balance and
         interest as of the earliest date, including the borrower's Severance
         Date, if applicable, upon which a distribution may be made from the
         Plan to the borrower without adversely affecting either the tax
         qualification of the Plan or the qualified status of the cash or
         deferred arrangement maintained under the Plan.

20.6     CHANGES IN EMPLOYMENT STATUS AND TRANSFERS OF EMPLOYMENT BEFORE LOAN IS
         REPAID IN FULL.

         Subject to the provisions of Section 3.4, in the event a Participant:

         (a)      ceases to be an Employee but continues in the employment of
                  (i) an Employer in some other capacity or (ii) a related
                  corporation, and

         (b)      becomes a participant in The Goodyear Tire & Rubber Company
                  Employee Savings Plan for Bargaining Unit Employees,

         his separate account under the Plan and his Loan Investment Fund, if
         any, shall be transferred to the savings plan in which he becomes a
         participant. Any transfer of his separate account and Loan Investment
         Fund made in accordance with the provisions of this Section 20.6 shall
         be made as soon as administratively practicable after the Participant's
         change in employment status or transfer of employment, subject to
         compliance with Section 414(l) of the Code and the regulations
         thereunder.

                                      -73-
<PAGE>

                                  ARTICLE XXI

                         ELIGIBLE ROLLOVER DISTRIBUTIONS

21.1     DIRECT ROLLOVER.

         This Article XXI applies to distributions made on or after January 1,
         1993. Notwithstanding any provision of the plan to the contrary that
         would otherwise limit a distributee's election under this Article XXI,
         a distributee may elect, at the time and in the manner prescribed by
         the plan administrator, to have any portion of an eligible rollover
         distribution paid directly to an eligible retirement plan specified by
         the distributee in a direct rollover.

21.2     DEFINITIONS.

         (a)      Eligible rollover distribution: An eligible rollover
                  distribution is any distribution of all or any portion of the
                  balance to the credit of the distributee, except that an
                  eligible rollover distribution does not include: any
                  distribution that is one of a series of substantially equal
                  periodic payments (not less frequently than annually) made for
                  the life (or life expectancy) of the distributee or the joint
                  lives (or joint life expectancies) of the distributee and the
                  distributee's designated beneficiary, or for a specified
                  period of ten years or more; any distribution to the extent
                  such distribution is required under Section 401(a)(9) of the
                  Code; any hardship withdrawal of Tax-Deferred Contributions
                  after December 31, 1998; and the portion, excluding After-Tax
                  Contributions, of any distribution that is not includable in
                  gross income (determined without regard to the exclusion for
                  net unrealized appreciation with respect to employer
                  securities).

         (b)      Eligible retirement plan: An eligible retirement plan is 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, an annuity contract described in
                  Section 403(b) of the Code, an eligible plan under Section 457
                  of the Code, or a qualified trust described in Section 401(a)
                  of the Code, that accepts the distributee's eligible rollover
                  distribution. The definition of eligible retirement plan shall
                  also apply in the case of a distribution to a surviving
                  spouse, or to a spouse or former spouse who is the alternate
                  payee under a qualified domestic relations order, as defined
                  in Section 414(p) of the Code.

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

                                      -74-
<PAGE>

         (d)      Direct rollover: A direct rollover is a payment by the plan to
                  the eligible retirement plan specified by the distributee.

                                      -75-
<PAGE>

                                  ARTICLE XXII

                          MINIMUM EMPLOYER CONTRIBUTION

22.1     CONTRIBUTION OF THE MINIMUM EMPLOYER CONTRIBUTION.

         For each Plan year that the Board of Directors of The Goodyear Tire &
         Rubber Company authorizes, an Employer shall make a minimum aggregate
         contribution to the Plan in cash, at least equal to a specified dollar
         amount (the "Minimum Employer Contribution"). The Minimum Employer
         Contribution shall be set by the appropriate resolution of the Board of
         Directors of The Goodyear Tire & Rubber Company, or as delegated by the
         Board through an appropriate resolution on or before the last day of
         the Employer's taxable year that ends with or within such Plan Year.

         The Employer shall satisfy the Minimum Employer Contribution by
         "employer contributions" made at any time during the Plan year. The
         Minimum Employer Contribution shall be deemed to be satisfied for the
         Plan year as soon as the total of "employer contributions" for the Plan
         year equals the amount of the Minimum Employer Contribution. For
         purposes of this Section 22.1, "employer contributions" means any
         employer contributions under Section 404 of the Code, including, but
         not limited to, Tax-Deferred Contributions and Matching Employer
         Contributions.

         In accordance with the provisions of Section 18.10, but without regard
         to any exception provided in that Section or Section 18.12, the Minimum
         Employer Contribution, shall not revert to, or otherwise inure to the
         benefit of an Employer or any related corporation.

22.2     ALLOCATION OF MINIMUM EMPLOYER CONTRIBUTION.

         The Minimum Employer Contribution for the Plan year shall be allocated
         as follows:

         (a)      First, the Minimum Employer Contribution for the Plan year
                  shall be allocated during the Plan year to each Employee who
                  is Participant on the first day of the Plan year to the extent
                  that Tax-Deferred Contributions pursuant to Section 4.2 and
                  Matching Employer Contributions pursuant to Section 6.3. These
                  allocations shall be made to each such Participant's
                  Tax-Deferred Contributions and Matching Employer Contributions
                  sub-account, respectively.

         (b)      Second, the balance of the Minimum Employer Contribution, if
                  any, remaining after the allocation in Section 22.2(a) shall
                  be allocated to each Non-Highly Compensated Employee who is a
                  Participant on the first day of the Plan year and an Employee
                  on the last day of the Plan year, in the same ratio that such
                  Participant's Tax-Deferred Contributions during the Plan year
                  bears to the Tax-Deferred Contributions of all such
                  Participants during the Plan year. This allocation shall be
                  made to each such Participant's Matching Employer
                  Contributions sub-account.

         (c)      Third, notwithstanding Article IX, if the total contributions
                  allocated to a Participant's sub-accounts exceed the
                  Participant's maximum annual addition limit

                                      -76-
<PAGE>

                  for any calendar year as a result of the Minimum Employer
                  Contribution, then such excess shall be held in a suspense
                  account as provided under Section 415 of the Code. Such
                  amounts shall be applied to reduce Employer contributions in
                  the next, and succeeding, calendar years.

         Each installment of the Minimum Employer Contribution shall be held in
         a separate contribution suspense account unless, or until, allocated on
         or before the end of the Plan year in accordance with this Section
         22.2. Such suspense account shall not participate in the allocation of
         investment gains, losses, income and deductions of the Trust Fund as a
         whole, but shall be invested separately, as directed by the Employer,
         and all gains, losses, income and deductions attributable to such
         investment shall be allocated in proportion to Section 22.2(a) and (b)
         respectively.

         Notwithstanding any other provision of the Plan to the contrary, any
         allocation of Tax-Deferred Contributions to a Participant's account
         shall be made under either Section 4.2 or this Section 22.2, but not
         both Sections, and any allocation of Matching Employer Contributions
         shall be made under either Section 6.3 or this Section 22.2, as
         appropriate, but not both Sections.

                                      -77-
<PAGE>

                                 ARTICLE XXIII

               MERGER OF CELERON CORPORATION EMPLOYEE SAVINGS PLAN

23.1     MERGER OF PLANS.

         Effective as of the close of business on December 31, 1999, the Celeron
         Corporation Employee Savings Plan (the "Celeron Plan"), maintained
         under a plan document amended and restated effective January 1, 1997,
         is hereby merged into and made a part of the Plan, and the trust
         maintained in connection with the Celeron Plan is hereby merged into
         and made a part of the Trust. Each person who was a participant or
         former participant in the Celeron Plan on December 31, 1999, shall
         become a Participant or Former Participant in the Plan on January 1,
         2000, and on and after January 1, 2000, the provisions of this Article
         XXIII and the Plan shall govern with respect to the interests of the
         participants and former participants in the Celeron Plan.

23.2     ESTABLISHMENT OF SEPARATE ACCOUNTS AND SUB-ACCOUNTS.

         As soon as possible after January 1, 2000, and after the assets of the
         trust maintained in connection with the Celeron Plan have been received
         by the Trustee, separate accounts and sub-accounts shall be established
         in the name of each person who had a separate account under the Celeron
         Plan on December 31, 1999. There shall be credited to each separate
         account an amount equal to such person's prior separate account balance
         under the Celeron Plan as of December 31, 1999, and to each sub-account
         an amount equal to such person's prior separate sub-account balance of
         the corresponding type under the Celeron Plan as of December 31, 1999.

                                      -78-
<PAGE>

                                  ARTICLE XXIV

                MERGER OF BRAD RAGAN, INC. EMPLOYEE SAVINGS PLAN

24.1     MERGER OF PLANS.

         Effective as of the close of business on November 30, 2001, the Brad
         Ragan, Inc. Employee Savings Plan (the "Brad Ragan Plan"), maintained
         under a plan document amended and restated effective January 1, 1997,
         is hereby merged into and made a part of the Plan, and the trust
         maintained in connection with the Plan is hereby merged into and made a
         part of the Trust. Each person who was a participant or former
         participant in the Brad Ragan Plan on November 30, 2001, shall become a
         Participant or Former Participant in the Plan on December 1, 2001, and
         on and after December 1, 2001, the provisions of this Article XXIV and
         the Plan shall govern with respect to the interests of the participants
         and former participants in the Brad Ragan Plan.

24.2     ESTABLISHMENT OF SEPARATE ACCOUNTS AND SUB-ACCOUNTS.

         As soon as possible after December 1, 2001, and after the assets of the
         trust maintained in connection with the Brad Ragan Plan have been
         received by the Trustee, separate accounts and sub-accounts shall be
         established in the name of each person who had a separate account under
         the Brad Ragan Plan on November 30, 2001. There shall be credited to
         each separate account an amount equal to such person's prior separate
         account balance under the Brad Ragan Plan as of November 30, 2001, and
         to each sub-account an amount equal to such person's prior separate
         sub-account balance of the corresponding type under the Brad Ragan Plan
         as of November 30, 2001.

                                      -79-
<PAGE>

                                  ARTICLE XXV

                  MERGER OF THE GOODYEAR TIRE & RUBBER COMPANY
                   EMPLOYEE SAVINGS PLAN FOR HOURLY EMPLOYEES

25.1     MERGER OF PLANS.

         Effective as of the close of business on December 31, 2001, The
         Goodyear Tire & Rubber Company Employee Savings Plan for Hourly
         Employees (the "Hourly Plan"), maintained under a plan document amended
         and restated effective January 1, 2001, is hereby merged into and made
         a part of the Plan, and the trust maintained in connection with the
         Hourly Plan is hereby merged into and made a part of the Trust. Each
         person who was a participant or former participant in the Hourly Plan
         on December 31, 2001, shall become a Participant or Former Participant
         in the Plan on January 1, 2002, and on and after January 1, 2002, the
         provisions of this Article XXV and the Plan shall govern with respect
         to the interests of the participants and former participants in the
         Hourly Plan.

25.2     ESTABLISHMENT OF SEPARATE ACCOUNTS AND SUB-ACCOUNTS.

         As soon as possible after January 1, 2002, and after the assets of the
         trust maintained in connection with the Hourly Plan have been received
         by the Trustee, separate accounts and sub-accounts shall be established
         in the name of each person who had a separate account under the Hourly
         Plan on December 31, 2001. There shall be credited to each separate
         account an amount equal to such person's prior separate account balance
         under the Hourly Plan on December 31, 2001, and to each sub-account an
         amount equal to such person's prior separate sub-account balance of the
         corresponding type under the Hourly Plan as of December 31, 2001.

                                      -80-
<PAGE>
                                  ARTICLE XXVI

                  MERGER OF THE GOODYEAR TIRE & RUBBER COMPANY
             EMPLOYEE SAVINGS PLAN FOR SALARIED EXPATRIATE EMPLOYEES

26.1     MERGER OF PLANS.

         Effective as of the close of business on December 31, 2001, The
         Goodyear Tire & Rubber Company Employee Savings Plan for Salaried
         Expatriate Employees (the "Expatriate Plan"), maintained under a plan
         document amended and restated effective January 1, 2001, is hereby
         merged into and made a part of the Plan, and the trust maintained in
         connection with the Plan is hereby merged into and made a part of the
         Trust. Each person who was a participant or former participant in the
         Expatriate Plan on December 31, 2001, shall become a Participant or
         Former Participant in the Plan on January 1, 2002, and on and after
         January 1, 2002, the provisions of this Article XXV and the Plan shall
         govern with respect to the interests of the participants and former
         participants in the Expatriate Plan.

26.2     ESTABLISHMENT OF SEPARATE ACCOUNTS AND SUB-ACCOUNTS.

         As soon as possible after January 1, 2002, and after the assets of the
         trust maintained in connection with the Hourly Plan have been received
         by the Trustee, separate accounts and sub-accounts shall be established
         in the name of each person who had a separate account under the
         Expatriate Plan on December 31, 2001. There shall be credited to each
         separate account an amount equal to such person's prior separate
         account balance under the Expatriate Plan on December 31, 2001, and to
         each sub-account an amount equal to such person's prior separate
         sub-account balance of the corresponding type under the Expatriate Plan
         as of December 31, 2001.

                                      * * *

          EXECUTED at Akron, Ohio, this 20th day of December, 2001.

                                            THE GOODYEAR TIRE & RUBBER COMPANY

                                     By /s/ Donald D. Harper
                                        ---------------------------------------
                                        Vice President

         Attest:

         Bertram Bell
         -----------------------------
         Assistant Secretary

                                      -81-
<PAGE>

                                     ANNEX I

                       THE GOODYEAR TIRE & RUBBER COMPANY
                  EMPLOYEE SAVINGS PLAN FOR SALARIED EMPLOYEES

                        PROVISIONS APPLICABLE TO CERTAIN
                            FORMER JACKSON EMPLOYEES

         Notwithstanding anything to the contrary contained in the Plan or the
         Trust Agreement, each person who was in the employ of the compression
         and injection molded, thermoset, sheet molded compound and reinforced
         thermoplastic products for original equipment manufacturers of
         passenger cars, light trucks, and heavy duty trucks business conducted
         by the Company at its Jackson, Ohio, plant (the "Jackson Business") on
         June 30, 1997, and who became an employee of Cambridge Industries, Inc.
         ("Cambridge") or any subsidiary or affiliate of Cambridge on June 30,
         1997, as a result of the sale of substantially all the assets of the
         Jackson Business to Cambridge (a "Former Jackson Employee") shall have
         his entire interest under the Plan fully vested as of June 30, 1997,
         and thereafter his interest shall be nonforfeitable.

                                      -82-
<PAGE>

                                    ANNEX II

                       THE GOODYEAR TIRE & RUBBER COMPANY
                  EMPLOYEE SAVINGS PLAN FOR SALARIED EMPLOYEES

                        PROVISIONS APPLICABLE TO CERTAIN
                            FORMER CALHOUN EMPLOYEES

         Notwithstanding anything to the contrary contained in the Plan or the
         Trust Agreement, each person who was in the employ of the business
         conducted by the Company at, through, or in support of the Calhoun
         Facility: (i) of developing, manufacturing, marketing, distributing,
         selling, and servicing carboxylated styrene butadiene latices and any
         other products (other than vinyl pyridine latices) which are currently
         or have been previously manufactured at, or are currently or have been
         under development for manufacture at the Calhoun Facility, and (ii)
         developing (to the extent pertaining exclusively to Calhoun Facility
         products or processes), manufacturing, marketing, distributing,
         selling, and servicing vinyl pyridine latices in North America and
         exporting vinyl pyridine latices from North America (the "Calhoun
         Business") on February 28, 1998, and who became an employee of Gencorp
         Inc. ("Gencorp") or any subsidiary or affiliate of Gencorp on February
         28, 1998, as a result of the sale of certain assets of the Calhoun
         Business to Gencorp shall have his entire interest under the Plan fully
         vested as of February 28, 1998, and thereafter his interest shall be
         nonforfeitable.

                                      -70-

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