Document:

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                                                                   Exhibit 10.20

                            SEAGATE TECHNOLOGY, INC.

                     FORM OF MANAGEMENT RETENTION AGREEMENT

        This Management Retention Agreement (the "AGREEMENT") is made and
entered into by and between ______ (the "EMPLOYEE") and Seagate Technology, Inc.
(the "COMPANY"), effective as of ______, (the "EFFECTIVE DATE").

                                    RECITALS

        A. It is expected that the Company from time to time will consider the
possibility of an acquisition by another company or other change of control. The
Board of Directors of the Company (the "BOARD") recognizes that such
consideration can be a distraction to the Employee and can cause the Employee to
consider alternative employment opportunities. The Board has determined that it
is in the best interests of the Company and its stockholders to assure that the
Company will have the continued dedication and objectivity of the Employee,
notwithstanding the possibility, threat or occurrence of a Change of Control (as
defined below) of the Company.

        B. The Board believes that it is in the best interests of the Company
and its stock-holders to provide the Employee with an incentive to continue his
employment and to motivate the Employee to maximize the value of the Company
upon a Change of Control for the benefit of its stockholders.

        C. The Board believes that it is imperative to provide the Employee with
certain severance benefits upon Employee's termination of employment following a
Change of Control which provides the Employee with enhanced financial security
and provides incentive and encouragement to the Employee to remain with the
Company notwithstanding the possibility of a Change of Control.

        D. Certain capitalized terms used in the Agreement are defined in
Section 6 below.

         The parties hereto agree as follows:

        1. Term of Agreement. This Agreement shall terminate upon the date that
all obligations of the parties hereto with respect to this Agreement have been
satisfied.

        2. At-Will Employment. The Company and the Employee acknowledge that the
Employee's employment is and shall continue to be at-will, as defined under
applicable law. If the Employee's employment terminates for any reason,
including (without limitation) any termination prior to a Change of Control, the
Employee shall not be entitled to any payments, benefits, damages, awards or
compensation other than as provided by this Agreement, or as may otherwise be
available in accordance with the Company's established employee plans and
practices or pursuant to other agreements with the Company.

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        3. Severance Benefits.

               (a) Involuntary Termination Other than for Cause; Voluntary
Termination for Good Reason; Disability; Death. If the Employee's employment is
(i) involuntarily terminated by the Company other than for Cause (as defined
herein), (ii) voluntarily terminated by Employee for Good Reason (as defined
herein), (iii) terminated due to Employee's Disability (as defined herein) or
death, in any case within twenty-four (24) months following a Change of Control
(as defined herein), then, subject to the Employee's obligations pursuant to
Section 9 below, the Employee shall receive the following severance benefits
from the Company:

                   (1) Lump-Sum Severance Payment. A cash payment in an amount
equal to two hundred percent (200%) of the Employee's Annual Compensation (as
defined herein);

                   (2) Option Accelerated Vesting. One hundred percent (100%)
of the unvested portion of any stock option covering Company shares or shares of
any subsidiary of the Company held by the Employee shall automatically become
vested in full upon the employment termination date.

                   (3) Restricted Stock Accelerated Vesting. Employee's unvested
shares granted under the Company's Executive Stock Plan (or any similar
successor plan) shall vest (i.e., be released from the Company's repurchase
option) as to that percentage of the unvested shares determined by dividing (i)
the number of months that have elapsed from the restricted stock grant date to
the date of employment termination, by (ii) the number of months between the
grant date and the date when all shares would otherwise have vested based on
Employee's continued employment with the Company.

                   (4) Continued Employee Benefits. One hundred percent (100%)
Company-paid health, dental and life insurance coverage at the same level of
coverage as was provided to such employee immediately prior to the Change of
Control (the "COMPANY-PAID COVERAGE"). If such coverage included the Employee's
dependents immediately prior to the Change of Control, such dependents shall
also be covered at Company expense. Company-Paid Coverage shall continue until
the earlier of (i) two (2) years from the date of termination or (ii) the date
that the Employee and his dependents become covered under another employer's
group health, dental or life insurance plans that provide Employee and his
dependents comparable benefits and levels of coverage. For purposes of Title X
of the Consolidated Budget Reconciliation Act of 1985 ("COBRA"), the date of the
"qualifying event" for Employee and his dependents shall be the date upon which
the Company-Paid Coverage terminates.

                   (5) Bonus Proration. A lump sum dollar amount equal to a pro
rata portion (based on the number of days elapsed during the fiscal year in
which the termination occurs) of Employee's targeted bonus under the Company's
executive bonus plan for the fiscal year in which the termination occurs.

                   (6) Company Automobile. The purchase by Employee of the
Company-owned automobile in Employee's possession at the wholesale Kelly Blue
Book value.

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               (b) Timing of Severance Payments. Any severance payment to which
Employee is entitled under Sections 3(a)(1 and 5) shall be paid by the Company
to the Employee (or to the Employee's successors in interest, pursuant to
Section 7(b)) in cash and in full, not later than thirty (30) calendar days
following the employment termination date.

               (c) Voluntary Resignation other than for Good Reason; Termination
for Cause. If the Employee's employment terminates by reason of the Employee's
voluntary resignation other than for Good Reason, or if the Employee is
terminated involuntarily by the Company for Cause, then the Employee shall not
be entitled to receive severance or other benefits except for those (if any) as
may then be established under the Company's then existing severance and benefits
plans and practices or pursuant to other agreements with the Company.

               (d) Termination Apart from Change of Control. In the event the
Employee's employment is terminated for any reason, either prior to the
occurrence of a Change of Control or after the twenty-four (24) month period
following a Change of Control, then the Employee shall be entitled to receive
severance and any other benefits as may then be established under the Company's
existing severance and benefits plans and practices or pursuant to other written
agreements with the Company.

               (e) Non-assumption by Successor Entity. Notwithstanding Sections
3(a)(2) and (3) above, if on the effective date of a Change of Control a
successor to the Company (whether direct or indirect and whether by purchase,
merger, consolidation, liquidation or otherwise) to all or substantially all of
the Company's business and/or assets fails to assume any stock option (granted
pursuant to the Company's option plans) or restricted stock (granted pursuant to
the Company's Executive Stock Plan), then (i) one hundred percent (100%) of the
unvested portion of any stock option covering Company shares or the shares of
any subsidiary of the Company held by the Employee shall automatically become
vested in full as of the Change of Control, and (ii) Employee's unvested shares
granted under the Company's Executive Stock Plan shall pro rata vest as outlined
in Section 3(a)(3) above as of the Change of Control.

        4. Attorney Fees, Costs and Expenses. The Company shall promptly
reimburse Employee, on a monthly basis, for the reasonable attorney fees, costs
and expenses incurred by the Employee in connection with any action brought by
Employee to enforce his rights hereunder.

        5. Golden Parachute Excise Tax Gross-Up. In the event that the benefits
provided for in this Agreement or otherwise payable to the Employee constitute
"parachute payments" within the meaning of Section 280G of the Internal Revenue
Code of 1986, as amended (the "CODE") and will be subject to the excise tax
imposed by Section 4999 (as it may be amended or replaced) of the Code (the
"EXCISE TAX"), then the Employee shall receive (i) a payment from the Company
sufficient to pay such Excise Tax, and (ii) an additional payment from the
Company sufficient to pay the Excise Tax and federal and state income taxes
arising from the payments made by the Company to Employee pursuant to this
sentence. Unless the Company and the Employee otherwise agree in writing, the
determination of Employee's Excise Tax liability and the amount required to be
paid under this Section 5 shall be made in writing by the accounting firm
serving as the Company's independent public accountants immediately prior to the
Change of Control (the "ACCOUNTANTS"). For purposes of making the calculations
required by this Section 5, the Accountants may make reasonable assumptions and
approximations concerning applicable taxes and may rely on reasonable, good
faith interpretations concerning the application of the Code. The Company and
the Employee shall furnish to the

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Accountants such information and documents as the Accountants may reasonably
request in order to make a determination under this Section. The Company shall
bear all costs the Accountants may reasonably incur in connection with any
calculations contemplated by this Section 5.

        6. Definition of Terms. The following terms referred to in this
Agreement shall have the following meanings:

               (a) Annual Compensation. "Annual Compensation" means an amount
equal to the sum of Employee's (i) annual Company salary at the highest rate in
effect in the twelve months immediately preceding the Change of Control, and
(ii) Employee's highest annual bonus (includes cumulation of quarterly bonus
amounts and deferral amounts) awarded within the three fiscal years immediately
prior to the Change of Control.

               (b) Cause. "Cause" means (i) any act of personal dishonesty taken
by the Employee in connection with his responsibilities as an employee and
intended to result in substantial personal enrichment of the Employee, (ii)
Employee's conviction of a felony, or (iii) a willful act by the Employee which
constitutes gross misconduct and which is injurious to the Company.

               (c) Change of Control. "Change of Control" means the occurrence
of any of the following events:

                   (i) Any "person" (as such term is used in Sections 13(d) and
14(d) of the Securities Exchange Act of 1934, as amended) becomes the
"beneficial owner" (as defined in Rule 13d-3 under said Act) ("BENEFICIAL
OWNER"), directly or indirectly, of securities of the Company representing forty
percent (40%) or more of the total voting power represented by the Company's
then outstanding voting securities; or

                   (ii) A change in the composition of the Board occurring
within a two-year period, as a result of which fewer than a majority of the
directors are Incumbent Directors. "Incumbent Directors" shall mean directors
who either (A) are directors of the Company as of the date hereof, or (B) are
elected, or nominated for election, to the Board with the affirmative vote of at
least a majority of the Incumbent Directors at the time of such election or
nomination (but shall not include an individual whose election or nomination is
in connection with an actual or threatened proxy contest relating to the
election of directors to the Company); or

                   (iii) There occurs a reorganization, merger, consolidation or
other corporate transaction involving the Company (a "TRANSACTION"), in each
case with respect to which the stockholders of the Company immediately prior to
such Transaction do not, immediately after the Transaction, own more than 50% of
the combined voting power of the Company or other corporation resulting from
such Transaction; or

                   (iv) All or substantially all of the assets of the Company
are sold, liquidated or distributed.

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               (d) Disability. "Disability" means that Employee has been
determined disabled for purposes of the Seagate Long Term Disability Plan, and
has been so disabled for a period of at least six months.

               (e) Good Reason. "Good Reason" means an Employee's resignation of
his or her employment with the Company within thirty (30) days of and as a
result of any of the following: (i) without the Employee's express written
consent, any material reduction of the Employee's duties, authority or
responsibilities, relative to the Employee's duties, authority or
responsibilities as in effect immediately prior to such reduction, or an
assignment to Employee of such reduced duties, authority or responsibilities;
(ii) without the Employee's express written consent, any material reduction of
the facilities and perquisites available to the Employee immediately prior to
such reduction provided, however, use of private aircraft shall not be deemed a
perquisite for purposes of the clause; (iii) a reduction by the Company in the
base salary of the Employee as in effect immediately prior to such reduction,
other than a reduction implemented with the consent of the Employee or a
reduction that is equivalent to salary reductions imposed on all executives of
the Company; (iv) any material reduction by the Company in the kind or level of
employee benefits, including bonuses, to which the Employee was entitled
immediately prior to such reduction; (v) the relocation of the Employee to a
facility or a location more than fifty (50) miles from the Employee's then
present location, without the Employee's express written consent; or (vi)
failure by the Company's Successors as outlined in Section 7 below to assume any
and all of the rights, duties and obligations under this Agreement.

        7. Successors.

               (a) Company's Successors. Any successor to the Company (whether
direct or indirect and whether by purchase, merger, consolidation, liquidation
or otherwise) to all or substantially all of the Company's business and/or
assets shall assume the obligations under this Agreement and agree expressly to
perform the obligations under this Agreement in the same manner and to the same
extent as the Company would be required to perform such obligations in the
absence of a succession. For all purposes under this Agreement, the term
"Company" shall include any successor to the Company's business and/or assets
which executes and delivers the assumption agreement described in this Section
7(a) or which becomes bound by the terms of this Agreement by operation of law.

               (b) Employee's Successors. The terms of this Agreement and all
rights of the Employee hereunder shall inure to the benefit of, and be
enforceable by, the Employee's personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees.

        8. Notice.

               (a) General. Notices and all other communications contemplated by
this Agreement shall be in writing and shall be deemed to have been duly given
when personally delivered or when mailed by U.S. registered or certified mail,
return receipt requested and postage prepaid. In the case of the Employee,
mailed notices shall be addressed to him at the home address which he most
recently communicated to the Company in writing. In the case of the Company,
mailed notices shall be addressed to its corporate headquarters, and all notices
shall be directed to the attention of its Secretary.

               (b) Notice of Termination. Any termination by the Company for
Cause or by the Employee as a result of a voluntary resignation (whether or not
for Good Reason) shall be

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communicated by a notice of termination to the other party hereto given in
accordance with Section 8(a) of this Agreement. Such notice shall indicate the
specific termination provision in this Agreement relied upon, shall set forth in
reasonable detail the facts and circumstances claimed to provide a basis for
termination under the provision so indicated, and shall specify the employment
termination date (which shall be not more than 30 days after the giving of such
notice). The failure by the Employee to include in the notice any fact or
circumstance which contributes to a showing of Good Reason shall not waive any
right of the Employee hereunder or preclude the Employee from asserting such
fact or circumstance in enforcing his rights hereunder.

        9. Employee Covenants. As consideration for the severance and other
benefits the Employee is to receive herein, the Employee agrees that he will not
as an employee, agent, consultant, advisor, officer or director of any
corporation, partnership, person or other entity, directly or indirectly at any
time during his employment with the Company and continuing until twenty-four
(24) months after his termination of employment with the Company:

                (a) Participate or engage in the development, production, sale,
marketing or servicing of any business enterprise that is in competition with
any of the Company's (or any of its subsidiaries') product lines or business
activities, or

                (b) Solicit, employ or interfere in any other manner with the
employment relationships existing between the Company (or any of its
subsidiaries) and its current or prospective employees.

        10. Miscellaneous Provisions.

               (a) No Duty to Mitigate. The Employee shall not be required to
mitigate the amount of any payment contemplated by this Agreement, nor shall any
such payment be reduced by any earnings that the Employee may receive from any
other source.

               (b) Waiver. No provision of this Agreement shall be modified,
waived or discharged unless the modification, waiver or discharge is agreed to
in writing and signed by the Employee and by an authorized officer of the
Company (other than the Employee). No waiver by either party of any breach of,
or of compliance with, any condition or provision of this Agreement by the other
party shall be considered a waiver of any other condition or provision or of the
same condition or provision at another time.

               (c) Whole Agreement. No agreements, representations or
understandings (whether oral or written and whether express or implied) which
are not expressly set forth in this Agreement have been made or entered into by
either party with respect to the subject matter hereof. This Agreement
represents the entire understanding of the parties hereto with respect to the
subject matter hereof and supersedes all prior arrangements and understandings
regarding same.

               (d) Choice of Law. The validity, interpretation, construction and
performance of this Agreement shall be governed by the laws of the State of
Delaware.

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

               (f) Withholding. All payments made pursuant to this Agreement
will be subject to withholding of applicable income and employment taxes to the
extent required by law.

               (g) Loans. Employee shall repay any outstanding Company loans
(principal and accrued interest) on Employee's termination date unless the
respective loan terms and conditions preclude repayment.

               (h) Counterparts. This Agreement may be executed in counterparts,
each of which shall be deemed an original, but all of which together will
constitute one and the same instrument.

               IN WITNESS WHEREOF, each of the parties has executed this
Agreement, in the case of the Company by its duly authorized officer, as of the
day and year set forth below.

COMPANY:                               SEAGATE TECHNOLOGY, INC.

                                       ----------------------------------------

EMPLOYEE:                              ----------------------------------------

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                                                                   EXHIBIT 10.21

                               SEAGATE TECHNOLOGY

               DEFERRED COMPENSATION PLAN FOR CORPORATE OFFICERS
                                  PLAN SUMMARY

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PLAN PURPOSE                    To provide a tax deferred capital accumulation
                                opportunity through deferrals of salary and
                                bonus awards. To provide a competitive benefit
                                to retain highly compensated employees of
                                Seagate.

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FIRST PLAN YEAR                 July 1, 2000 through December 31, 2000.

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SUBSEQUENT PLAN YEARS           January 1 through December 31.

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ADMINISTRATION COMMITTEE        Appointed Committee (401k).

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ELIGIBILITY FOR PARTICIPATION   -  A select group of highly compensated
                                   employees including all Vice Presidents, or
                                   equivalent (other high level technical
                                   positions) and above.

                                -  Members of the Seagate Technology Board of
                                   Directors or other companies as specified.

                                -  Newly eligible employees will be notified by
                                   the company of their eligibility and have 60
                                   days to complete their deferral election for
                                   participation in the current Plan year.

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SOURCES OF DEFERRALS            -  Up to 100% of annual base salary, director
                                   fees, commissions and/or bonuses.

                                -  Minimum election - $5,000 per year of
                                   deferral. Minimum deferral can be satisfied
                                   from salary and/or variable compensation.

                                -  Minimum Deferral for Plan year 2000 is
                                   $2,500.

                                   -  The minimum deferral requirement for
                                      participants joining the Plan mid-year
                                      will be pro-rated based upon the number of
                                      months remaining in the Plan year.

                                -  No deferral election shall reduce a
                                   participant's compensation below the amount
                                   necessary to satisfy the following
                                   obligations:

                                   -  Applicable employment taxes (e.g., FICA/
                                      Medicare) on amounts deferred.

                                   -  Benefit Plan withholding requirements.

                                   -  Income tax withholding for compensation
                                      that cannot be deferred.

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DEFERRAL ELECTIONS SALARY OR    -  For the 2000 Plan year, initial elections
DIRECTOR FEES:                     must be filed by June 16, 2000 to be
                                   effective beginning with the July 20, 2000
                                   pay date.

                                -  Subsequent elections to be filed by the open
                                   enrollment forms due date of the year prior
                                   to the year the salary or director fees are
                                   paid.

                                -  All deferrals are credited to the Plan year
                                   in which they are paid.

                                -  Newly eligible employees may file an election
                                   within 60 days of date of hire or being
                                   notified by the Company of their eligibility,
                                   otherwise they may elect to defer salary in a
                                   subsequent annual open enrollment.

                                -  Deferrals must be elected for each Plan year.

                                -  Salary or Director Fee deferral elections are
                                   revocable.

                                BONUS AND COMMISSION:

                                -  For the 2000 Plan year, initial elections
                                   must be filed by June 16, 2000 for bonus and
                                   commissions to be paid in 2000.

                                -  All deferrals are credited to the Plan year
                                   in which they are paid.

                                -  Subsequently, elections are to be filed by
                                   the open enrollment forms due date of the
                                   year prior to the year the bonus and/or
                                   commissions are paid.

                                -  Newly eligible employees may file an election
                                   within 60 days of being notified by the
                                   Company of their eligibility, otherwise they
                                   may elect to defer bonus and commissions in a
                                   subsequent annual open enrollment.

                                -  Deferrals must be elected for each Plan year.

                                -  Bonus and commission deferral elections are
                                   irrevocable.

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SOURCES OF                      Discretionary Company contributions may be made
COMPANY CONTRIBUTIONS           as special incentives or rewards subject to a
                                vesting schedule specified at the time of
                                contribution.

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DEFERRAL ACCOUNT                Amounts of salary and variable compensation
                                deferrals will be credited to a participant's
                                account on the day of payroll deduction.

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INVESTMENT OPTIONS              -  Participants shall specify that their
                                   Deferral Account be deemed to be invested in
                                   one or more of the benchmark funds available.

                                -  The Company has the right to change the
                                   benchmark funds from time to time.

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                                -  Each year's deferrals may have a separate
                                   investment allocation.

                                -  The net investment earnings credited to the
                                   Deferral Account is the net investment return
                                   of the applicable benchmark funds.

                                -  Investment allocations may be changed daily.

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EARNINGS (LOSSES) CREDITED      Credited using daily unit values of the
TO DEFERRAL ACCOUNT             applicable benchmark funds selected by the
                                participant.

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VESTING                         Employee Deferrals, Company contributions, if
                                any, and net investment returns credited to
                                Deferral Accounts will vest as follows:

                                -  Participants will vest immediately in their
                                   own voluntary deferrals.

                                -  Vesting schedules for any Company
                                   contributions will be established by the
                                   Company at the time the contribution is
                                   determined.

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DISTRIBUTION OF ACCOUNT         Each year's deferrals and earnings thereon may
BALANCES                        have a separate distribution schedule.

                                -  A participant may elect to receive that Plan
                                   year's deferrals and earnings thereon either
                                   at termination, January following
                                   termination, or at a specified date while
                                   employed.

                                -  The election to receive payment of a Plan
                                   year's deferrals and earnings thereon at
                                   termination is irrevocable.

                                TERMINATION/LONG-TERM DISABILITY

                                In the event of a termination of employment, or
                                long-term disability (as defined in the
                                Company's Long-term disability plan), the normal
                                form of distribution will be a single lump sum.
                                Participants may elect an optional form of
                                distribution. The optional forms of distribution
                                include quarterly installments spanning 5, 10,
                                or 15 years. The form of distribution (lump sum
                                or quarterly installments) or commencement date
                                may be modified with at least one years' advance
                                notice.

DISTRIBUTION OF ACCOUNT         -  The form of distribution and commencement
BALANCES (CONTINUED)               date elected for termination will apply to
                                   all Plan year's deferrals, except for any
                                   Plan year's election to receive the Plan
                                   year's deferrals and earnings thereon as a
                                   Scheduled In-Service Withdrawal. At the time
                                   of termination, the most recent effective
                                   election (on file for

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                                   one year or longer) will supercede all other
                                   elections and govern the form of termination
                                   distribution payment.

                                Distributions commence as soon as practicable
                                after the first day of the month following the
                                end of the quarter in which the termination
                                occurs or January following termination as
                                elected by the participant. Distributions are
                                taxable when received. Notwithstanding any of
                                the above, if no election is on file for a
                                participant or if a participant's Account
                                balance is $50,000 or less, then the account
                                will be distributed in a single lump sum.

                                SCHEDULED IN-SERVICE WITHDRAWALS

                                -  A participant may elect to receive a
                                   distribution from the Plan while still
                                   employed. Each year of deferrals and earnings
                                   thereon may have a separate distribution
                                   schedule.

                                -  A specific distribution commencement year can
                                   be elected, at the time of the deferral
                                   election, as long as the distribution
                                   commencement year elected is a minimum of two
                                   years beyond the end of the deferral Plan
                                   year to which the Scheduled In-Service
                                   Withdrawal election is attached.

                                -  A participant may elect to receive the
                                   distribution in a lump sum payment or in
                                   annual installments over a 2-, 3-, 4-, or
                                   5-year period.

                                   -  The form of distribution (lump sum or
                                      annual installments) may be amended up to
                                      one year prior to the elected distribution
                                      commencement date by providing the Company
                                      with written notice on a form to be
                                      provided by TBG Financial.

                                   -  Lump sum distributions will be paid in
                                      January of the year specified on the
                                      election form. Annual installment
                                      distributions will commence in January of
                                      the year specified on the election form.

DISTRIBUTION OF ACCOUNT            -  Notwithstanding the above, if a
BALANCES (CONTINUED)                  participant's total distribution for a
                                      specific Scheduled In-Service Withdrawal
                                      year is $25,000 or less, payment will be
                                      in the form of a single lump sum.

                                -  The specific distribution commencement year
                                   elected can be changed or postponed to a
                                   later future year with at least one year's
                                   advance notice.

                                -  If a participant terminates employment prior
                                   to the Scheduled Withdrawal Date, that
                                   portion of the participant's Deferral Account
                                   will be distributed on termination of
                                   employment in the form of distribution
                                   previously selected and qualified to receive.

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                                -  If a participant terminates employment in the
                                   midst of receiving scheduled withdrawal
                                   installments, the remaining installments will
                                   be accelerated and paid out according to the
                                   effective termination distribution election
                                   on file.

                                NONSCHEDULED IN-SERVICE WITHDRAWALS

                                -  These are unplanned distributions.

                                   -  Participants may request a Nonscheduled
                                      In-Service Withdrawal of up to 100% of his
                                      or her vested Account balance. 10% of the
                                      requested amount will be forfeited; and

                                   -  Participants electing such a distribution
                                      will be ineligible to participate in the
                                      Plan for the balance of the Plan year and
                                      the following Plan year.

                                   -  Nonscheduled In-Service Withdrawals must
                                      be approved by Administrative Committee.

                                HARDSHIP WITHDRAWALS are permitted without
                                penalty subject to approval by the
                                Administration Committee but can be granted only
                                for the following reasons:

                                -  Participant's or dependent's illness or
                                   accident;

                                -  Casualty loss of participant's property;

                                -  Other similar circumstances arising out of
                                   events beyond the control of the participant;
                                   and

                                Participants electing such a distribution will
                                be ineligible to participate in the Plan for the
                                balance of the Plan year and the following Plan
                                year.

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RABBI TRUST                     -  A Rabbi Trust provides security of the
                                   Deferred Compensation Plan benefits from the
                                   risk of change in control and repudiation.

                                -  The Rabbi Trust receives the participant's
                                   deferrals and invests the cash.

                                -  The Rabbi Trust owns all assets.

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DEATH BENEFIT                   -  If an active participant dies, the Account
                                   balance, including any remaining In-Service
                                   Withdrawal installments and all vested and
                                   unvested Company contributions, will be paid
                                   in a lump sum to named beneficiaries, subject
                                   to ordinary income taxes.

                                -  If a terminated participant receiving
                                   installment distributions dies, the
                                   beneficiary will be paid the remaining
                                   balance as a lump sum.

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RISK OF LOSS                    All amounts deferred under the Plan and earnings
                                on these amounts are Company assets. In the
                                event of the Company's bankruptcy or insolvency,
                                the rights of Plan participants would be no
                                greater than those of general unsecured
                                creditors of the Company.

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PLAN AMENDMENT                  The Plan may be amended or terminated
                                at any time, except that no such modification or
                                termination shall reduce any amounts then
                                credited to a participant's Account.

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