Document:

Exhibit 10.3

 

Exhibit 10.3

FIRST AMENDED AND RESTATED

CODE OF BUSINESS CONDUCT AND ETHICS

This First Amended and Restated Code of Business Conduct and Ethics (the “Code”) applies to all directors,
officers and employees of Home Solutions of America, Inc. (“the Company”) and all of its subsidiaries. This policy was
adopted by the Board of Directors of the Company effective December 12, 2006 and supersedes and replaces the Company’s
former Code of Business Conduct and Ethics. References to the “Company” in this Code refer to the Company and all of
its subsidiaries.

Introduction

The Company’s reputation for honesty and integrity is the sum of the personal reputations of our directors,
officers and employees. This Code has been adopted by the Company’s Board of Directors to protect our reputation and
to promote compliance with laws, rules and regulations. This Code is only one aspect of our commitment. Persons covered
by this Code must also be familiar with and comply with all other Company policies.

This Code sets out the basic standards of ethics and conduct to which all of our directors, officers and employees
are held. These standards are designed to deter wrongdoing and to promote honest and ethical conduct, but will not
cover all situations. If a law conflicts with a policy in this Code, you must comply with the law; however, if a local
custom or policy conflicts with this Code, you must comply with the Code.

The Chief Financial Officer (the “CFO”) has been designated as the executive officer of the Company who will
oversee ethics matters and compliance with this Code. If you have any doubts whatsoever as to the propriety of a
particular situation, you should submit it to the CFO who will review the situation and take appropriate action in
keeping with this Code, our other corporate policies and the applicable law. However, if your concern relates to the
CFO, or the concern involves any accounting, internal accounting controls, or auditing matters, you should submit your
concern to the Audit Committee of the Board of Directors, which has been established by the Company as the committee of
the Board of Directors responsible for oversight of ethical issues. The contact information for the CFO and the Audit
Committee members is included as Exhibit “A” to this Code. If you are a director, you should submit any concerns
directly to the Audit Committee of the Board of Directors.

Those who violate the standards set out in this Code will be subject to disciplinary action, which could include
immediate termination or other disciplinary action.

	1.	 	Scope

As is evident from the wording of this Policy, some restrictions such as regarding outside business commitments,
apply only to full time employees.

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	2.	 	Honest and Ethical Conduct

We, as a Company, require honest and ethical conduct from everyone. Each person has a responsibility to all other
directors, officers and employees of the Company, and to the Company itself, to act in good faith, responsibly, with
due care, competence and diligence, without misrepresenting material facts or allowing your independent judgment to be
subordinated. Each person must otherwise conduct themselves in a manner that meets with ethical and legal standards.

	3.	 	Compliance with Laws, Rules and Regulations

A. General

All officers, employees and each member of the Board of Directors must comply with all laws, regulations, rules
and regulatory orders applicable in the country, state and local jurisdictions where business is conducted, including
securities laws, antitrust laws and other fair competition laws, both in letter and in spirit. Each officer, director
and employee is expected to acquire appropriate knowledge of the requirements relating to his or her duties sufficient
to recognize potential issues or violations and to know when to seek advice from management on specific policies and
procedures. Violations of laws, regulations, rules and orders may subject the employee to individual criminal or civil
liability, as well as to disciplinary action by the Company. Because such individual violations may also subject the
Company to civil or criminal liability or the loss of business, the Company takes legal compliance measures seriously
and works diligently to enforce them. To ensure that the Company complies with applicable laws, rules and regulations,
each employee should consult with the CFO early on when questionable situations arise.

B. Antitrust Laws

The Company is committed to obeying both the letter and the spirit of the many laws designed to encourage and
protect free and fair competition. The United States antitrust laws prohibit agreements or actions in “restraint of
trade,” defined as restrictive practices that may reduce or hinder competition. These laws require that business
decisions must be made and activities undertaken without any agreement or coordination with competitors or potential
competitors. Among those agreements and activities constituting clear violations are agreements and understandings to
fix or control prices and other terms of sale, to allocate products, territories or markets, or to limit the production
or sale of products. Accordingly, employees must take great care to avoid any communications with the Company’s
competitors with respect to these types of matters. Violations of the antitrust laws are criminal offenses and may
result in substantial fines and imprisonment.

C. Foreign Corrupt Practices Act

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The Company requires full compliance with the Foreign Corrupt Practices Act (“FCPA”) by all of its employees,
consultants, agents, distributors, and resellers. The anti-bribery and corrupt payment provisions of the FCPA make
illegal any corrupt offer, payment, promise to pay, or authorization to pay any money, gift, or anything of value to
any foreign official, or any foreign political party, candidate or official, for the purpose of:

	 	•	 	Influencing any act, or failure to act, in the official capacity of that foreign official or party

	 	•	 	Inducing the foreign official or party to use influence to affect a decision of a foreign government or
agency, in order to obtain or retain business for anyone, or direct business to anyone.

Payments, offers, promises or authorizations to pay any other person, U.S. or foreign, are also prohibited if any
portion of that money or gift will be offered, given or promised to a foreign official or foreign political party or
candidate for any of the illegal purposes outlined above.

All Company employees are responsible for FCPA compliance and the procedures to ensure FCPA compliance. All
managers and supervisory personnel are expected to monitor continued compliance with the FCPA to ensure compliance with
the highest moral, ethical and professional standards of the Company.

4. Conflicts of Interest

You must handle, in an ethical manner, any actual or apparent conflict of interest between your personal and
business relationships. A “conflict of interest” exists when a person’s private interests interferes in any material
way with the interests of the Company and are prohibited by this policy. For example, a conflict situation arises if
you take actions or have interests that interfere with your ability to perform your work for the Company objectively
and effectively. Conflicts of interest also may arise if you, or a member of your family, receive an improper personal
benefit as a result of your position with our Company.

If you become aware of any material transaction or relationship that reasonably could be expected to give rise to
a conflict of interest, you should report it promptly to the CFO.

Conflicts of interest are prohibited as a matter of Company policy, except under guidelines approved by the Board
of Directors or an appropriate committee of the Board of Directors. The following standards apply to certain common
situations where potential conflicts of interest may arise:

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A. Gifts and Entertainment

Personal gifts and entertainment offered by persons doing business with the Company may be accepted when offered
in the ordinary and normal course of the business relationship and the value of such gifts and entertainment is
immaterial (value less than $50). However, the frequency and cost of any such gifts or entertainment may not be so
excessive that your ability to exercise independent judgment on behalf of our Company is or may appear to be
compromised.

B. Financial Interests In Other Organizations

The determination whether any outside investment, financial arrangement or other interest in another organization
is improper depends on the facts and circumstances of each case. Your ownership of an interest in another organization
may be inappropriate if the other organization has a material business relationship with, or is a direct competitor of
our Company and your financial interest is of such a size that your ability to exercise independent judgment on behalf
of our Company is or may appear to be compromised. As a general rule, a passive investment would not likely be
considered improper if it: (1) is in publicly traded shares; (2) represents less than 1% of the outstanding equity of
the organization in question; and (3) represents less than 5% of your net worth. Other interests also may not be
improper, depending on the circumstances.

C. Outside Business Activities

The determination of whether any outside position an employee may hold is improper will depend on the facts and
circumstances of each case. Your involvement in trade associations, professional societies, and charitable and similar
organizations will not normally be viewed as improper. However, if those activities are likely to take substantial
time from or otherwise conflict with an employee’s responsibilities to the Company, you should obtain prior approval
from the CFO. Other outside associations or activities in which you may be involved are likely to be viewed as
improper only if they would interfere with your ability to devote proper time and attention to your responsibilities to
the Company or if your involvement is with another company with which the Company does business or competes. For a
director, employment or affiliation with a company with which the Company does business or competes must be fully
disclosed to the Company’s Board of Directors, approved by an appropriate committee of the Board of Directors, and in
addition must satisfy any other standards established by applicable law, rule (including rule of any applicable stock
exchange) or regulation and any other corporate governance guidelines that our Company may establish.

D. Indirect Violations

You should not indirectly, through a spouse, family member, affiliate, friend, partner, or associate, have any
interest or engage in any activity that would violate this Code if such same interest or activity would violate this
Code if held or untaken directly

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by you. Any such relationship should be fully disclosed to our CFO (or the Audit Committee of the Board of
Directors if you are a director of our Company), who will ensure the proper steps are taken to determine whether the
relationship is inappropriate, based upon the standards set forth in this Code and on applicable laws and rules.

5. Corporate Opportunities

You are prohibited from taking for yourself, personally, opportunities that are discovered through the use of
corporate property, information or position, unless the Company through the Board of Directors has declined to pursue
the opportunity. You may not use corporate property, information, or position for personal gain, or to compete with
the Company directly. You owe a duty to the Company to advance its legitimate interests whenever the opportunity to do
so arises. Additional duties and responsibilities may be established in other Company policies and or employee
agreements.

6. Fair Dealing

You should endeavor to deal fairly with the Company’s suppliers, competitors and employees and with other persons
with whom the Company does business. You should not take unfair advantage of anyone through manipulation, concealment,
abuse of privileged information, misrepresentation of material facts, or any other unfair-dealing practice.

7. Public Disclosures

It is the Company’s policy to provide full, fair, accurate, timely, and understandable disclosure in all reports
and documents that we file with, or submit to, the Securities and Exchange Commission (the “SEC”) and in all other
public communications made by the Company as required by law. Every director, officer and employee of the Company, and
particularly the CEO, CFO, COO and other senior officers of the Company, are required to comply in all respects with
all applicable laws, rules and regulations regarding financial accounting and reporting. This includes, but is not
limited to, the laws, rules and regulations of the SEC, the exchange on which the Company’s securities are listed, and
the Financial Accounting Standards Board (“FASB”).

Good financial reporting starts with good recordkeeping, and the Company and its management rely on its records to
prepare financial statements that present its results of operations and financial position in a full, fair, accurate,
timely and understandable manner. These financial statements are relied on by stockholders, creditors, governmental
authorities, and the public. It is, therefore, critical that all employees involved with recording, summarizing and
maintaining business and accounting records do so in accordance with the following:

	 	•	 	All assets, liabilities, revenues and expenses will be recorded in the financial records of the
Company and its subsidiaries;

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	 	•	 	No undisclosed or unrecorded funds or accounts will be established for any purpose;

	 	•	 	No false or artificial entries will be made for any reason; and

	 	•	 	No payments will be approved or made with the intention or understanding that any part of the
payments are to be used for any purpose other than that described by the documentation supporting the
payment.

Persons involved in preparing and finalizing the Company’s financial information, whether for internal or external
reporting purposes, should do so in accordance with the following:

	 	•	 	Assist in maintaining internal control over financial reporting.

	 	•	 	Inform the Disclosure Committee (the committee chaired by the CFO responsible for ensuring that
appropriate controls and procedures are in place and followed for all quarterly and annual financial
filings) promptly of business transactions, events or circumstances that could have a material impact on
the Company’s financial statements.

	 	•	 	Communicate openly and honestly with the Company’s external public accountants with respect to
quarterly and annual financial reporting and related disclosures.

	 	•	 	Ensure the financial statements and related disclosures include all information deemed necessary to
achieve an appropriate degree of transparency of business transactions.

The CEO and CFO and other senior officers must assure that financial information disclosed in public
communications and in the Company’s periodic reports filed with the SEC is reported fully, fairly and accurately and in
a timely and understandable manner. Every director, officer and employee of the Company, and particularly, the senior
financial officers must promptly report (confidentially, if desired) to the Company’s Disclosure Committee:

	 	•	 	Any material violation of any applicable law, rule or regulation;

	 	•	 	Any incidence of fraud, whether material or not, by management or other persons responsible for
recording, processing, summarizing or reporting information required to be disclosed by the Company in
reports and statements filed with the SEC; and

	 	•	 	Any material information, fact or circumstance, including any deficiency in any internal control over
financial reporting, that could affect or render untrue the information contained in any periodic report
that the Company is required to file with the SEC or other regulatory body or that is disclosed in other
public communications.

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The Disclosure Committee will, in accordance with this Code of Ethics as otherwise required by law or stock
exchange listing standard, report the matter to the Audit Committee of the Board of Directors. If the reporting person
has requested that his or her name and position remain confidential, the Disclosure Committee will keep such person’s
identity and position with the Company confidential to the extent consistent with law and Company policy.
Alternatively, concerns may be reported as described in the Company’s Fraud Policy or as addressed in the section below
entitled “Reporting any Illegal or Unethical Behavior.”

8. Confidentiality

You should maintain the confidentiality of all confidential information entrusted to you by the Company or by
persons with whom the Company does business, except when disclosure is authorized or legally mandated. Confidential
information includes all non-public information that might be of use to competitors of, or harmful to, our Company or
persons with whom the Company does business, if disclosed.

9. Insider Trading

If you have access to material, non-public information concerning the Company, you are not permitted to use or
share that information for stock trading purposes, or for any other purpose except the conduct of the Company’s
business. All non-public information about our Company should be considered confidential information. Insider
trading, which is the use of material, non-public information for personal financial benefit or to “tip” others who
might make an investment decision on the basis of this information, is not only unethical but also illegal. The
prohibition on insider trading applies not only to our Company’s securities, but also to securities of other companies
if you learn of material non-public information about these companies in the course of your duties to the Company.
Violations of this prohibition against “insider trading” may subject you to criminal or civil liability, in addition to
disciplinary action by our Company. Additional requirements are enumerated in the Company’s Insider Trading Policy.

10. Protection and Proper Use of Company Assets

Each person has an obligation to take reasonable care to protect the Company’s assets and promote their efficient
use. Theft, carelessness, and waste have a direct impact on the Company’s profitability. All corporate assets should
be used for legitimate business purposes. The obligation of employees to protect the Company’s assets includes its
proprietary information. Proprietary information includes intellectual property such as trade secrets, patents,
trademarks, and copyrights, as well as business, marketing and service plans, engineering and manufacturing ideas,
designs, databases, records, salary information and any unpublished financial data and reports. Unauthorized use or
distribution of this information violates this policy and could also be illegal and result in civil or criminal
penalties.

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11. Interpretations and Waivers of the Code of Business Conduct and Ethics

If you are uncertain whether a particular activity or relationship is improper under this Code or requires a
waiver of this Code, you should disclose it to the CFO or the Audit Committee of the Board of Directors, who will
ensure that the proper steps are taken to determine first, whether a waiver of this Code is required and second, if
required, determine whether a waiver will be recommended. Any individual seeking a waiver may be required to agree to
conditions before a waiver or a continuing waiver is granted. However, any waiver of this Code for an executive
officer or director must be approved in writing by the Company’s Board of Directors or an appropriate committee of the
Company’s Board of Directors and will be promptly disclosed to the stockholders as required by applicable law,
including the regulations of the SEC and of the stock exchange on which the Company’s common stock is listed. Any
waiver of any provision of this Code with respect to any other employee, agent or contractor must be approved in
writing by the Company’s CFO or the Audit Committee of the Board of Directors.

12. Reporting any Illegal or Unethical Behavior

The Company desires to promote ethical behavior. Employees are encouraged to talk to any appropriate personnel
including the CEO, CFO or the COO when in doubt about the best course of action in a particular situation and to
promptly report violations of laws, rules, regulations or this Code. Any report or allegation of a violation of
applicable laws, rules, regulations or this Code need not be signed and may be sent anonymously. All reports of
violations of this Code, including reports sent anonymously, will be promptly investigated and, if found to be
accurate, acted upon in a timely manner. The CFO and the Audit Committee have the authority to investigate matters
related to violations of laws, rules, regulations and this Code and to take appropriate disciplinary action, including
suspension of employment without pay, termination of employment and other disciplinary measures. If any report of
wrongdoing relates to accounting or financial reporting matters, or relates to persons involved in the development or
implementation of the Company’s system of internal controls, a copy of the report will be promptly provided to the
Chairman of the Audit Committee of the Board of Directors, which may participate in the investigation and resolution of
the matter. It is the policy of the Company not to allow actual or threatened retaliation, harassment or
discrimination against any employee as a result of allegations of misconduct by such employee against others so long as
such allegations are made in good faith. Employees are expected to cooperate in internal investigations of misconduct.
For instructions on how to report any violation of this Code, see the instructions and contact information for our CFO
and the Audit Committee of the Board of Directors attached hereto as Exhibit “A”.

13. Compliance Standards and Procedures

This Code is intended as a statement of basic principles and standards and does not include specific rules that
apply to every situation. Its contents have to be viewed

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within the framework of the Company’s other policies, practices, instructions and the requirements of the law.
This Code is in addition to other policies, practices or instructions of the Company that must be observed. Moreover,
the absence of a specific corporate policy, practice or instruction covering a particular situation does not relieve
you of the responsibility for exercising the highest ethical standards applicable to the circumstances.

In some situations, it is difficult to determine the correct course of action. Because this Code does not
anticipate every situation that will arise, it is important that each person approach a new question or problem in a
deliberate fashion:

	 	•	 	Determine if you know all the facts.

	 	•	 	Identify exactly what it is that concerns you.

	 	•	 	Discuss the problem with the CFO or the Audit Committee of the Board of Directors.

	 	•	 	Seek help from other resources such as other management personnel.

	 	•	 	Seek guidance before taking any action that you believe might be considered unethical or dishonest.

You will be governed by the following compliance standards:

	 	•	 	You are personally responsible for your own conduct and for complying with all provisions of
this Code and for properly reporting known or suspected violations;

	 	•	 	You must use your reasonable efforts to ensure that other employees, with whom you deal, are
aware of and comply with this Code;

	 	•	 	No one has the authority or right to order, request or even influence you to violate this
Code or the law; a request or order from another person will not be an excuse for your violation of this
Code;

	 	•	 	Any attempt by you to induce another director, officer or employee of the Company to violate
this Code, whether successful or not, is itself a violation of this Code and may be a violation of law;

	 	•	 	Any retaliation or threat of retaliation against any director, officer or employee of the
Company for refusing to violate this Code, or for reporting in good faith the violation or suspected
violation of this Code, is itself a violation of this Code and may be a violation of law; and

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	 	•	 	The Company requires that every reported violation of this Code be investigated.

Violation of any of the standards contained in this Code, or in any other policy, practice or instruction of the
Company, can result in disciplinary action, including dismissal, and civil or criminal action against the violator.
This Code should not be construed as a contract of employment and does not change any person’s status as an at-will
employee.

This Code is for the benefit of the Company, and no other person is entitled to enforce this Code. This Code does
not, and should not be construed to, create any private cause of action or remedy in any other person for a violation
of the Code.

I hereby acknowledge receipt, review, understanding and acceptance of this First Amended and Restated Code of Business
Conduct and Ethics Policy:

	 	 	 
	                                                              	 	                                                              
	Signature

	 	Date
	                                                              

	 	

	 

	 	

	Print Name

	 	

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10Ball Corporation 2005 Deferred Compensation Company Stock Plan, as amended
      and restated

    

      Exhibit
        10.1

      

      

      

      

      

      

      

      

      

      

      

      

       

      

       

      Ball
        Corporation

       

      2005
        Deferred Compensation

       

      Company
        Stock Plan

       

      

       

      As
        Amended and Restated Effective January 1, 2007

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                 

                Article I

                Establishment
                  and
                  Purpose....................................................................................................

              	
                 

                 

                1

              
	
                Article II

                Definitions..............................................................................................................................

              	
                 

                1

              
	
                Article III

                Eligibility
                  and
                  Participation...................................................................................................

              	
                 

                9

              
	
                Article IV

                Deferral
                  Elections...................................................................................................................

              	
                 

                9

              
	
                Article V

                Modifications
                  to Payment
                  Schedules.....................................................................................

              	
                 

                13

              
	
                Article VI

                Company
                  Awards...................................................................................................................

              	
                 

                14

              
	
                Article VII

                Valuation
                  of Account Balances,
                  Earnings..............................................................................

              	
                 

                14

              
	
                Article VIII

                Distributions
                  and
                  Withdrawals...............................................................................................

              	
                 

                16

              
	
                Article IX

                Administration........................................................................................................................

              	
                 

                18

              
	
                Article X

                Amendment
                  and
                  Termination.................................................................................................

              	
                 

                19

              
	
                Article XI

                Informal
                  Funding....................................................................................................................

              	
                 

                21

              
	
                Article XII

                Claims.....................................................................................................................................

              	
                 

                22

              
	
                Article XIII

                General
                  Conditions.................................................................................................................

              	
                 

                24

              
	
                Schedule
                  A-Company Matching Contributions

                Schedule
                  B-Eligible Employees

                Schedule
                  C-Reallocation of Unit to Other Investments

              	 

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Ball
        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      Article I

      Establishment
        and Purpose

      

      Ball
        Corporation (the “Company”) maintains the Ball Corporation 2000 Deferred
        Compensation Company Stock Plan and predecessor plans (the “Grandfathered
        Plans”).

      

      The
        Company hereby amends and restates the Ball Corporation 2005 Deferred
        Compensation Company Stock Plan, effective as of the Effective Date, except
        as
        otherwise noted below (the “Plan”). The purpose of the Plan continues to be to
        attract and retain key Employees and Directors by providing such Employees
        and
        Directors with the opportunity to defer the cash portion of their annual
        incentive awards (or, in the case of Directors, of their Annual Fixed Retainer
        and Annual Incentive Retainer) and other cash compensation specified by the
        Human Resources Committee (the “HR Committee”) of the Board of Directors under a
        nonqualified plan that also aligns the interests of such Employees and Directors
        with the Company stockholders.

      

      The
        terms
        of the Plan were reflected in an interim document adopted by the Company
        in
        December, 2005, in response to proposed Treasury regulations published on
        October 4, 2005, that required the Company to adopt written amendments
        prior to December 31, 2005, with respect to items of transition relief
        described in Notice 2005-1 and that expired on December 31, 2005. The
        interim document was intended to satisfy the amendment requirements of the
        proposed regulations without the amendment constituting a “material
        modification” to the Grandfathered Plans, but subject to restatement in 2006 to
        reflect the requirements of Code Section 409A. The Plan was subsequently
        amended and restated effective as of January 1, 2005, to comply with the
        requirements of Code Section 409A, and is now being further amended and
        restated in order to permit Participants to elect to have their Accounts
        valued
        by reference to investments other than Units of Company Stock, and to make
        certain other changes.

      

      The
        Plan
        is intended to be an unfunded arrangement providing deferred compensation
        to
        eligible employees who are part of a select group of management or highly
        compensated employees of the Company within the meaning of Sections 201(2),
        301(a)(3) and 401(a)(1) of ERISA.

      

      

      Article II

      Definitions

      

      
        	
                2.1

              	
                Account.
                  Account means a bookkeeping account maintained by the Plan Administrator
                  to record the Company’s payment obligation to a Participant as determined
                  under the terms of the Plan. The Plan Administrator may maintain
                  an
                  Account to record the total obligation to a Participant and component
                  Accounts to reflect amounts payable at different times and in different
                  forms pursuant to the terms of a Participant’s Deferral Election. Without
                  limiting the Plan Administrator’s authority to establish Accounts as it
                  deems necessary, Accounts may include, for each Participant, Separation
                  Accounts up to a maximum number established by the Plan Administrator.
                  Reference to an Account means any such Account established by the
                  Plan
                  Administrator, as the context requires.

              

      

      

      

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      Ball
        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      
        	 	
                Accounts
                  are intended to constitute unfunded obligations of the Company
                  within the
                  meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of
                  ERISA.

              

      

      

      
        	 	
                Accounts
                  under this Plan shall reflect only those amounts considered to
                  be
                  Deferrals as defined in this Plan. The provisions of this Plan
                  shall apply
                  only to such Accounts and shall not apply to any Grandfathered
                  Plan
                  accounts.

              

      

      

      
        	
                2.2

              	
                Account
                  Balance.
                  Account Balance means, with respect to any Account, the total amount
                  of
                  the Company’s payment obligation from such Account as of the most recent
                  Valuation Date.

              

      

      

      
        	
                2.3

              	
                Affiliate.
                  Affiliate means a corporation, trade or business that, together
                  with the
                  Company, is treated as a single employer under Code Section 414(b) or
                  (c).

              

      

      

      
        	
                2.4

              	
                Beneficiary.
                  Beneficiary means a natural person, estate, or trust designated
                  by a
                  Participant to receive benefits to which a Beneficiary is entitled
                  in
                  accordance with provisions of the Plan. The Participant’s spouse, if
                  living, otherwise the Participant’s estate, shall be the Beneficiary
                  if:

              

      

      

      
        	 	
                (a)

              	
                the
                  Participant has not designated a natural person or trust as Beneficiary,
                  or

              

      

      

      
        	 	
                (b)

              	
                all
                  designated Beneficiaries have predeceased the
                  Participant.

              

      

      

      
        	 	
                A
                  former spouse shall have no interest under the Plan, as Beneficiary
                  or
                  otherwise, unless (i) the Participant designates such person as a
                  Beneficiary after dissolution of the marriage or (ii) such interest
                  is ordered under a domestic relations order described in
                  Section 8.7.

              

      

      

      
        	
                2.5

              	
                Business
                  Day.
                  A
                  Business Day is each day on which the New York Stock Exchange is
                  open for
                  business.

              

      

      

      
        	
                2.6

              	
                Change
                  in Control.
                  Change in Control occurs on the date on which there is (i) a change
                  in the ownership of the Company, (ii) a change in the effective
                  control of the Company or (iii) a change in the ownership of a
                  substantial portion of the Company’s assets. For purposes of this Section,
                  a change in ownership of the Company occurs on the date on which
                  any one
                  person or more than one person acting as a group acquires ownership
                  of
                  stock of the Company that, together with stock held by such person
                  or
                  group constitutes more than 50% of the total fair market value
                  or total
                  voting power of the stock of the Company. A change in the effective
                  control of the Company occurs on the date on which either (i) a
                  person or more than one person acting as a group acquires ownership
                  of
                  stock of the Company possessing 35% or more of the total voting
                  power of
                  the stock of the Company or (ii) a majority of members of the
                  Company’s Board of Directors is replaced during any twelve (12)-month
                  period by directors whose appointment or election is not endorsed
                  by a
                  majority of the members of the Company’s Board of Directors prior to the
                  date of the appointment or election. A change in the ownership
                  of a
                  substantial portion of assets occurs on the date on which any one
                  person
                  or more than one person acting as a

              

      

      

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      Ball
        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      
        	 	
                group
                  acquires assets from the Company that have a total gross fair market
                  value
                  equal to or more than 40% of the total gross fair market value
                  of all of
                  the assets of the Company immediately prior to such acquisition
                  or
                  acquisitions.

              

      

      

      
        	 	
                Reference
                  to the Company under this Section 2.6 also shall mean Affiliates for
                  whom a Participant is providing services at the time of a Change
                  in
                  Control affecting such Affiliate.

              

      

      

      
        	 	
                The
                  determination as to the occurrence of a Change in Control shall
                  be based
                  on objective facts and in accordance with the requirements of Code
                  Section 409A.

              

      

      

      
        	
                2.7

              	
                Claimant.
                  Claimant means a Participant or Beneficiary filing a claim under
                  Article XII of this Plan.

              

      

      

      
        	
                2.8

              	
                Code.
                  Code means the Internal Revenue Code of 1986, as amended from time
                  to
                  time.

              

      

      

      
        	
                2.9

              	
                Code
                  Section 409A.
                  Code Section 409A means Section 409A of the Code, and the
                  regulations and other guidance issued by the Treasury Department
                  and
                  Internal Revenue Service
                  thereunder.

              

      

      

      
        	
                2.10

              	
                Company.
                  Company means Ball Corporation.

              

      

      

      
        	
                2.11

              	
                Company
                  Award.
                  Company Award means a credit by the Company to a Participant’s Account(s)
                  in accordance with the provisions of Article VI of the Plan. Except
                  as otherwise provided in Article VI, Company Awards are credited at
                  the sole discretion of the Company and the fact that a Company
                  Award is
                  credited in one year shall not obligate the Company to continue
                  to make
                  such Company Award in subsequent
                  years.

              

      

      

      
        	
                2.12

              	
                Company
                  Stock.
                  Company Stock means the common stock of Ball
                  Corporation.

              

      

      

      
        	
                2.13

              	
                Compensation.
                  Compensation means a Participant’s annual incentive awards, equity based
                  compensation, or other cash compensation (if any) that is determined
                  by
                  the HR Committee of the Board of Directors, in its sole discretion,
                  as
                  eligible for deferral under the terms of this Plan. Compensation
                  for
                  Directors includes the Annual Fixed Retainer, Annual Incentive
                  Retainer
                  and other compensation for services performed as a Director. Compensation
                  shall not include any compensation that has been previously deferred
                  under
                  this Plan or any other arrangement subject to Code Section 409A, or
                  accounts maintained under the Grandfathered
                  Plans.

              

      

      

      
        	
                2.14

              	
                Death
                  Benefit.
                  Death Benefit means payment to a Participant’s Beneficiary(ies) due to the
                  death of the Participant. Death Benefits will be paid in accordance
                  with
                  Section 8.2.

              

      

      

      
        	
                2.15

              	
                Deferral.
                  Deferral means the credits to a Participant’s Accounts attributable to
                  deferrals of compensation described in Prop. Treas. Reg.
                  Section 1.409A-1(b)(1) and Earnings on such amounts as provided in
                  Prop. Treas. Reg. Section 1.409A-1(b)(2), except where the context of
                  the Plan clearly indicates
                  otherwise.

              

      

      

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        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      
        	
                2.16

              	
                Deferral
                  Election.
                  Deferral Election means an agreement between a Participant and
                  the Company
                  specifying any or all of the following: (i) the amount of each
                  component of Compensation subject to the Deferral Election; and
                  (ii) a Payment Schedule. The Plan Administrator may permit different
                  deferral amounts for each component of Compensation and may establish
                  a
                  minimum or maximum deferral amount for each such
                  component.

              

      

      

      
        	 	
                A
                  Deferral Election must be submitted to the Company in accordance
                  with the
                  Plan and under procedures established by the Plan Administrator
                  from time
                  to time. A Deferral Election may be modified as described in
                  Article V if such modification is submitted to the Company in
                  accordance with the terms of this Plan and procedures adopted by
                  the Plan
                  Administrator.

              

      

      

      
        	 	
                The
                  Plan Administrator may reduce a Participant’s Deferral Election as
                  necessary to permit sufficient non-deferred Compensation from which
                  the
                  Company may satisfy a Participant’s obligations regarding welfare plans
                  and from which to satisfy tax withholding obligations, and/or to
                  conform
                  the Deferral Election and the Plan to applicable
                  law.

              

      

      

      
        	
                2.17

              	
                Director.
                  Director means a non-employee member of the Board of Directors
                  of the
                  Company.

              

      

      

      
        	
                2.18

              	
                Disability.
                  Disability means disability under the Company’s long-term disability
                  programs for Eligible Employees.

              

      

      

      
        	
                2.19

              	
                Dividend.
                  Dividend means an amount credited to an Account concurrent with
                  the
                  quarterly dividend payable with respect to Company Stock. The amount
                  of
                  such credit will equal the number of Units credited to such Account
                  as of
                  the record date for determining dividends payable to shareholders
                  of the
                  Company multiplied by the amount of quarterly dividend payable
                  with
                  respect to one share of Company
                  Stock.

              

      

      

      
        	
                2.20

              	
                Earnings.
                  Earnings means an adjustment to the value of an Account in accordance
                  with
                  Article VII.

              

      

      

      
        	
                2.21

              	
                Effective
                  Date.
                  Effective Date means January 1, 2005, with respect to Compensation
                  “deferred” on or after such date. Deferrals of Compensation that were
                  earned and vested as of December 31, 2004, and credited to a
                  Participant’s account under the Ball Corporation 2000 Deferred
                  Compensation Company Stock Plan and predecessor plans shall not
                  be subject
                  to this Plan, even if such deferrals were credited after December 31,
                  2004.

              

      

      

      
        	
                2.22

              	
                Eligible
                  Employee.
                  Eligible Employee means a member of a “select group of management or
                  highly compensated employees” of the Company or an Affiliate within the
                  meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA, as
                  determined by the HR Committee of the Board of Directors (or the
                  Plan
                  Administrator, if such authority is

              

      

      

      

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        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      
        	 	
                delegated
                  by the HR Committee) from time to time in its sole discretion.
                  An Eligible
                  Employee shall also include any member of the Company’s Board of
                  Directors, as the context requires.

              

      

      

      
        	
                2.23

              	
                Employee.
                  Employee means an employee of the Company and any former employee
                  who
                  continues to provide services to the Company pursuant to Prop.
                  Treas. Reg.
                  Section 1.409A-1(h)(1)(ii).

              

      

      

      
        	
                2.24

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

              

      

      

      
        	
                2.25

              	
                Participant.
                  Participant means an Eligible Employee who has received notification
                  of
                  his or her eligibility to defer Compensation under the Plan under
                  Section 3.1 and any other person with an Account Balance greater than
                  zero, regardless of whether such individual continues to be an
                  Eligible
                  Employee or a Director. A Participant’s continued participation in the
                  Plan shall be governed by Section 3.2 and Section 3.3 of the
                  Plan.

              

      

      

      
        	
                2.26

              	
                Payment
                  Schedule.
                  Payment Schedule means the date as of which payment under the Plan
                  will
                  commence and the form in which such payment will be
                  made.

              

      

      

      
        	 	
                (a)

              	
                Separation
                  Payments. A
                  Participant may as part of a Deferral Election establish a Separation
                  Account and specify the number of years following Separation from
                  Service
                  when payment will be made from the Account (e.g., “Third year following
                  Separation from Service”). Subject to the payment rules set forth below,
                  payment under such an election will be made on or after January 1 of
                  the specified year. If no payment year is specified, payment will
                  be made
                  in the year following the year in which the Participant’s Separation from
                  Service occurs.

              

      

      

      
        	 	 	
                The
                  following rules apply to any Payment Schedule commencing in the
                  year
                  following the year in which a Participant’s Separation from Service
                  occurs. If the Separation from Service occurs prior to July 1,
                  payment will be made on or after January 1 of the following year. If
                  the Separation from Service occurs on or after July 1, payment will
                  be made on or after July 1 of the following year. Payments delayed to
                  a date later than the dates specified in the preceding sentence
                  pursuant
                  to the provisions of Sections 8.4 and 8.8 will be treated as payments
                  made as of such specified dates.

              

      

      

      
        	 	 	
                Payment
                  will be made in a single lump sum unless the Participant specifies
                  an
                  alternative form of payment in the Deferral Election establishing
                  a
                  Separation Account. Alternative forms of payment include (i) a lump
                  sum payment between 0% and 100% of the Account Balance and (ii) any
                  remaining Account Balance payable in a series of substantially
                  equal
                  annual installments from two (2) to fifteen (15) years. For purposes
                  of
                  Article V, (i) each lump sum payment and (ii) each series
                  of substantially equal installments will be treated as separate
                  forms of
                  payment and any series of substantially equal annual installments
                  will be
                  treated as a single form of payment. If a partial lump sum is paid,
                  and
                  unless the 

              

      

      

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        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      
        	 	 	
                Participant
                  specifies an alternative commencement date for the installment
                  payments or
                  modifies the installments pursuant to Article V, the payment
                  commencement date for the installments will be the first anniversary
                  of
                  the lump sum payment commencement
                  date.

              

      

      

      
        	 	 	
                Notwithstanding
                  the foregoing, if a Participant that is an Employee of the Company
                  Separates from Service prior to attaining age 55, he or she will
                  receive
                  all Account Balances in a single lump sum, commencing in the year
                  following the year in which the Separation from Service occurs.
                  Such
                  Employee that is a Participant may not file an election under
                  Article V to modify the time or form of a payment described in this
                  paragraph.

              

      

      

      
        	 	
                (b)

              	
                Death
                  Payments.
                  Payment will be made from all Accounts according to the Payment
                  Schedule
                  in effect for each such Account, except that the commencement date
                  under
                  such Payment Schedules shall be on or after January 1 of the year
                  following the year in which the Participant’s death
                  occurs.

              

      

      

      
        	
                2.27

              	
                Performance-Based
                  Compensation.
                  Performance-Based Compensation means Compensation where the amount
                  of, or
                  entitlement to, the Compensation is contingent on the satisfaction
                  of
                  preestablished organizational or individual performance criteria
                  relating
                  to a performance period of at least twelve (12) consecutive months
                  in
                  which the Participant performs services for the Company. Organizational
                  or
                  individual performance criteria are considered preestablished if
                  established not later than ninety (90) days after the commencement
                  of the
                  period of service to which the criteria relate, provided that the
                  outcome
                  is substantially uncertain at the time the criteria are established.
                  Performance-Based Compensation may include payments based on performance
                  criteria that are not approved by the Board of Directors, a committee
                  of
                  the Board or by the stockholders of the Company. Performance-Based
                  Compensation does not include any amount or portion of any amount
                  that
                  will be paid either regardless of performance, or based upon a
                  level of
                  performance that is substantially certain to be met at the time
                  the
                  criteria is established. Performance criteria may be subjective
                  but must
                  relate to the performance of the Participant, a group of Employees
                  that
                  includes the Participant or a business unit (which may include
                  the
                  Company) for which the Participant provides services. For a Director,
                  the
                  performance criteria must relate to the performance of such Director,
                  a
                  Directors’ committee on which such Director serves or the Board of
                  Directors as a whole. The determination that any subjective performance
                  criteria have been met shall not be made by the Participant or
                  by a family
                  member of the Participant, or by a person under the supervision
                  of the
                  Participant or a Participant’s family members where any amount of the
                  compensation of such person is controlled in whole or in part by
                  the
                  Participant or such family member. Compensation based on Company
                  stock
                  performance may constitute Performance-Based Compensation if it
                  is based
                  solely on an increase in the value of such stock after the date
                  of grant
                  or award. The determination of whether Compensation qualifies as
                  “Performance-Based Compensation” will be made in accordance with Prop.
                  Treas. Reg. Section 1.409A-1(e) and subsequent
                  guidance.

              

      

      

      

      

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                2.28

              	
                Plan.
                  Plan means the Ball Corporation 2005 Deferred Compensation Company
                  Stock
                  Plan, as amended from time to time.

              

      

      

      
        	
                2.29

              	
                Plan
                  Administrator.
                  Plan Administrator means the Deferred Compensation Committee of
                  the
                  Company, acting pursuant to the powers and authority granted under
                  Section 9.1 of the Plan.

              

      

      

      
        	
                2.30

              	
                Plan
                  Year.
                  Plan Year means January 1 through
                  December 31.

              

      

      

      
        	
                2.31

              	
                Separation
                  Account.
                  Separation Account means an Account established under a Deferral
                  Election,
                  as described in Section 4.4 to record an amount payable to a
                  Participant due to his or her Separation from Service and the year
                  in
                  which payment from such Separation Account will be made. A Participant
                  may
                  establish and maintain at any one time no more than the maximum
                  number of
                  Separation Accounts specified by the Plan
                  Administrator.

              

      

      

      
        	
                2.32

              	
                Separation
                  from Service.
                  An Employee incurs a Separation from Service upon termination of
                  employment with the Company. A Director incurs a Separation from
                  Service
                  as of the first day on which he or she no longer performs services
                  for the
                  Company as a Director. The occurrence of a Separation from Service
                  is
                  determined by the Plan Administrator under the facts and circumstances,
                  in
                  accordance with Code Section 409A and the following
                  provisions.

              

      

      

      
        	 	
                (a)

              	
                Leaves
                  of Absence.
                  A
                  Participant remains an Employee or Director during military leave,
                  sick
                  leave, or other bona
                  fide
                  leave of absence (such as temporary employment by the government)
                  if the
                  period of such leave does not exceed six (6) months or such longer
                  period
                  as is provided either by statute or by contract. If the period
                  of leave
                  exceeds six (6) months and the Participant’s right to reemployment after
                  such extended leave is not provided either by statute or by contract,
                  the
                  employment relationship is deemed to terminate on the first day
                  immediately following such six (6)-month period. In this regard,
                  a
                  Participant who is an Eligible Employee at the time he or she is
                  placed on
                  disability leave of absence in accordance with the Company’s policies and
                  procedures shall continue to be an Employee and shall not incur
                  a
                  Separation from Service until the earlier of (i) termination of
                  employment, (ii) attainment of age 65, or (iii) the
                  Participant’s death.

              

      

      

      
        	 	
                (b)

              	
                Continuing
                  Services Post-Employment. A
                  former Employee or Director shall not be considered to have terminated
                  employment if he or she continues to provide more than “insignificant
                  services” as defined in Prop. Treas. Reg.
                  Section 1.409A-1(h)(ii).

              

      

      

      
        	 	
                (c)

              	
                Sale
                  of Assets. A
                  Separation from Service shall not include a termination of employment
                  provided under the terms of a sale of assets of the Company or
                  an
                  Affiliate if (i) the purchaser hires the Participant as an employee
                  or other service provider upon the closing of the transaction and
                  (ii) the purchaser assumes the liability under the Plan for payment
                  of such Participant’s Accounts.

              

      

      

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        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      
        	
                2.33

              	
                Substantial
                  Risk of Forfeiture.
                  Substantial Risk of Forfeiture shall have the meaning specified
                  in Prop.
                  Treas. Reg.
                  Section 1.409A-1(d).

              

      

      

      
        	
                2.34

              	
                Unforeseeable
                  Emergency.
                  An Unforeseeable Emergency is a severe financial hardship of the
                  Participant or Beneficiary resulting from an illness or accident
                  of the
                  Participant or Beneficiary, the Participant’s or Beneficiary’s spouse, or
                  the Participant’s or Beneficiary’s dependent (as defined in Code
                  Section 152(a)); loss of the Participant’s or Beneficiary’s property
                  due to casualty (including the need to rebuild a home following
                  damage to
                  a home not otherwise covered by insurance, for example, not as
                  a result of
                  a natural disaster); or other similar extraordinary and unforeseeable
                  circumstances arising as a result of events beyond the control
                  of the
                  Participant or Beneficiary. For example, the imminent foreclosure
                  of or
                  eviction from the Participant’s or Beneficiary’s primary residence may
                  constitute an Unforeseeable Emergency. In addition, the need to
                  pay for
                  medical expenses, including nonrefundable deductibles, as well
                  as for the
                  costs of prescription drug medication, may constitute an Unforeseeable
                  Emergency. Finally, the need to pay for the funeral expenses of
                  a spouse
                  or a dependent (as defined in Code Section 152(a)) may also
                  constitute an Unforeseeable Emergency. Except as otherwise provided
                  in
                  this Section, the purchase of a home and the payment of college
                  tuition
                  are not Unforeseeable Emergencies. Whether a Participant or Beneficiary
                  is
                  faced with an Unforeseeable Emergency permitting a distribution
                  under
                  Section 8.3 of the Plan is to be determined by the Plan Administrator
                  based on the relevant facts and circumstances of each case, but,
                  in any
                  case, a distribution on account of Unforeseeable Emergency may
                  not be made
                  to the extent that such emergency is or may be reimbursed through
                  insurance or otherwise, by liquidation of the Participant’s assets, to the
                  extent the liquidation of such assets would not cause severe financial
                  hardship, or by cessation of deferrals under this
                  Plan.

              

      

      

      
        	
                2.35

              	
                Unit.
                  Unit means the Units credited to a Participant’s Accounts pursuant to
                  Article VII. For valuation and distribution purposes, each Unit shall
                  be equivalent to one share of Company Stock as of the applicable
                  Valuation
                  Date. All Deferrals and Company Awards shall be credited to a
                  Participant’s Accounts in Units, or fractional Units, with each Unit
                  having a value equivalent to one share of Company Stock. With respect
                  to
                  any amount credited to a Participant’s Accounts as of January 1 in
                  any year, the number of such credited Units shall be determined
                  by
                  dividing the amount credited to the Participant’s Account (including any
                  related matching contributions) by the closing price of one share
                  of
                  Company Stock indicated in the New York Stock Exchange Composite
                  Listing as of the preceding Business Day. With respect to any amount
                  credited to a Participant’s Accounts (including any related matching
                  contributions) as of any day of the year other than January 1, the
                  number of such credited Units shall be determined based on the
                  closing
                  price of one share of Company Stock indicated in the New York Stock
                  Exchange Composite Listing as of the Business Day on which the
                  Deferral is
                  credited.

              

      

      

      
        	
                2.36

              	
                Changes
                  in Capitalization.
                  If there is any change in the number or class of shares of Company
                  Stock
                  through the declaration of a stock dividend or other extraordinary
                  dividends, or recapitalization resulting in stock splits, or combinations
                  or exchanges of 

              

      

      

      

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                such
                  shares or in the event of similar corporate transactions, the Units
                  in
                  each Participant’s Deferred Compensation Account shall be equitably
                  adjusted to reflect any such change in the number or class of issued
                  shares of Company Stock or to reflect such similar corporate
                  transaction.

              

      

      

      
        	
                2.37

              	
                Valuation
                  Date.
                  Valuation Date shall mean each Business Day selected by the Plan
                  Administrator, in its discretion, for determining the value of
                  Accounts.

              

      

      

      

      Article III

      Eligibility
        and Participation

      

      
        	
                3.1

              	
                Eligibility
                  and Participation.
                  An Eligible Employee becomes eligible to file a Deferral Election
                  upon
                  receipt of notification of eligibility from the Plan Administrator.
                  Such
                  Eligible Employee becomes a Participant upon the earlier to occur
                  of
                  (i) a credit of Company Awards under Article VI or
                  (ii) filing his or her initial Deferral Election in accordance with
                  Article IV. A Director becomes eligible to file a Deferral Election
                  upon acceptance of his or her appointment as a
                  Director.

              

      

      

      
        	
                3.2

              	
                Duration.
                  A
                  Participant shall be eligible to defer Compensation and receive
                  allocations of Company Awards, subject to the terms of the Plan,
                  for as
                  long as such Participant is an Eligible Employee or Director. A
                  Participant who is no longer an Eligible Employee but continues
                  to be
                  employed by the Company may not defer Compensation but may otherwise
                  exercise all of the rights of a Participant under the Plan with
                  respect to
                  his or her Accounts. On and after a Separation from Service, a
                  Participant
                  shall remain a Participant as long as his or her Accounts are greater
                  than
                  zero and during such time may continue to make investment elections
                  under
                  Article VII. An individual shall cease participation in the Plan when
                  all benefits under the Plan to which he or she is entitled have
                  been
                  paid.

              

      

      

      
        	
                3.3

              	
                Revocation
                  of Future Participation.
                  Notwithstanding the provisions of Section 3.2, the Plan Administrator
                  may, in its discretion, revoke such Participant’s eligibility to make
                  future deferrals under this Plan. Such revocation will not affect
                  in any
                  manner a Participant’s Accounts or other terms of this
                  Plan.

              

      

      

      

      Article IV

      Deferral
        Elections

      

      
        	
                4.1

              	
                Deferral
                  Elections, Generally.
                  An Eligible Employee or Director shall make a Deferral Election
                  by
                  completing and submitting a deferral agreement during the enrollment
                  periods established by the Plan Administrator and in the manner
                  specified
                  by the Plan Administrator. The Deferral Election shall designate
                  a dollar
                  amount, Unit amount or whole percentage of Compensation to be
                  deferred.

              

      

      

      

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        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      
        	 	
                Deferral
                  Elections are considered to be effective on the date they become
                  irrevocable as of the dates set forth in Section 4.2 unless the form
                  of Deferral Agreement provided by the Plan Administrator specifies
                  an
                  earlier date. Notwithstanding the foregoing, a Deferral Election
                  may be
                  suspended in the event of an Unforeseeable Emergency (regardless
                  of
                  whether a payment is made to the Participant due to such Unforeseeable
                  Emergency). A Deferral Election that is not timely filed with respect
                  to a
                  service period or component of Compensation shall be considered
                  void and
                  shall have no effect with respect to such service period or
                  Compensation.

              

      

      

      
        	 	
                The
                  HR Committee of the Board of Directors, in its sole discretion,
                  may
                  specify the components of Compensation subject to deferral. The
                  Plan
                  Administrator may establish a minimum or maximum deferral amount
                  for each
                  component of Compensation and the timing of submission of Deferral
                  Elections with respect to such
                  Compensation.

              

      

      

      
        	
                4.2

              	
                Timing
                  Requirements for Deferral Elections.

              

      

      

      
        	 	
                (a)

              	
                First
                  Year of Eligibility.
                  An
                  Eligible Employee may submit a Deferral Election within thirty
                  (30) days
                  of receipt of the notification of his eligible status under
                  Section 3.1. A Director may submit a Deferral Election within thirty
                  (30) days of accepting his or her appointment as a Director. The
                  Deferral
                  Election described in this paragraph becomes irrevocable on the
                  first day
                  following such 30th day. An Eligible Employee or Director may file
                  a
                  Deferral Election under this Section 4.2(a) only if he or she does
                  not participate in any other “account balance plan” as defined in Prop.
                  Treas. Reg. Section 1.409A-1(c)(i)(A) maintained by the Company or an
                  Affiliate, other than as permitted in Prop. Treas. Reg.
                  Section 1.409A-1(c)(ii).

              

      

      

      
        	 	 	
                A
                  Deferral Election filed under this Section 4.2(a) applies to
                  Compensation earned on and after the date the Deferral Election
                  becomes
                  irrevocable. For Compensation that is earned based upon a specified
                  performance period (e.g., over a calendar year), where a Deferral
                  Election
                  is made in the first year of eligibility but after the beginning
                  of the
                  service period, the election will be deemed to apply to Compensation
                  paid
                  for services performed subsequent to the election if the election
                  applies
                  to the portion of the Compensation equal to the total amount of
                  the
                  Compensation for the service period multiplied by the ratio of
                  the number
                  of days remaining in the performance period after the Deferral
                  Election
                  becomes irrevocable over the total number of days in the service
                  period.

              

      

      

      
        	 	 	
                Eligibility
                  to submit a Deferral Election during the thirty (30)-day period
                  specified
                  in this Section 4.2(a) shall not preclude an Eligible Employee from
                  also filing any Deferral Elections in accordance with Section 4.2(b)
                  through (g) during or after such thirty (30)-day
                  period.

              

      

      

      
        	 	
                (b)

              	
                Salary
                  and Other Non-Performance-Based Compensation.
                  Subject to the authority of the HR Committee of the Board of Directors
                  to
                  identify deferrable components of Compensation under Section 4.1 and
                  the Plan Administrator’s 

              

      

      

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                authority
                  to establish maximum and minimum deferrals under Sections 2.16 and
                  4.1, a Participant may defer salary and other non-Performance-Based
                  Compensation by filing a Deferral Election no later than December 31
                  of the year prior to the year in which such Compensation is earned.
                  A
                  Deferral Election described in this paragraph shall become irrevocable
                  with respect to such Compensation as of January 1 of the year in
                  which such Compensation is earned.

              

      

      

      
        	 	
                (c)

              	
                Performance-Based
                  Compensation.
                  A
                  Deferral Election may be filed with respect to Performance-Based
                  Compensation, provided that:

              

      

      

      
        	 	
                (1)

              	
                the
                  Participant performs services continuously from a date no later
                  than the
                  date upon which the performance criteria for such Performance-Based
                  Compensation are established through a date no earlier than the
                  date upon
                  which the Participant submits a Deferral
                  Election;

              

      

      

      
        	 	
                (2)

              	
                the
                  Deferral Election is submitted at the times and in the manner established
                  by the Plan Administrator, but in no event later than the date
                  that is six
                  (6) months before the end of the performance period during which
                  such
                  Performance-Based Compensation is earned;
                  and

              

      

      

      
        	 	
                (3)

              	
                in
                  no event may an election to defer Performance-Based Compensation
                  be made
                  after such Performance-Based Compensation has become both substantially
                  certain to be paid and readily
                  ascertainable.

              

      

      

      
        	 	 	
                A
                  Deferral Election becomes irrevocable with respect to Performance-Based
                  Compensation as of the day immediately following the latest date
                  described
                  in paragraph (c)(2).

              

      

      

      
        	 	 	
                Nothing
                  in Section 4.2(a) shall preclude an Eligible Employee from filing a
                  Deferral Election in his initial year of eligibility under this
                  Section 4.2(c), even if such election is made later than thirty (30)
                  days after notification of eligibility under
                  Section 3.1.

              

      

      

      
        	 	
                (d)

              	
                Short-Term
                  Deferrals.
                  Compensation that meets the definition of a “short-term deferral”
                  described in Prop. Treas. Reg. Section 1.409A-1(b)(4) may be deferred
                  under a Deferral Election filed not later than twelve (12) months
                  prior to
                  the date on which the substantial risk of forfeiture lapses. The
                  Payment
                  Schedule for such Deferral must specify a commencement date no
                  earlier
                  than five (5) years after the forfeiture restriction
                  lapses.

              

      

      

      
        	 	
                (e)

              	
                Deferral
                  Election With Respect to Certain Forfeitable
                  Rights.
                  With respect to a legally binding right to a payment in a subsequent
                  year
                  that is subject to a forfeiture condition requiring the Participant’s
                  continued services for a period of at least twelve (12) months
                  from the
                  date the Participant obtains the legally binding right, an election
                  to
                  defer such Compensation may be made on or before the 30th day after
                  the
                  Participant obtains the legally binding right to the
                  

              

      

      

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        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      
        	 	 	
                Compensation,
                  provided that the election is made at least twelve (12) months
                  in advance
                  of the earliest date at which the forfeiture condition could lapse.
                  The
                  Deferral Election described in this paragraph becomes irrevocable
                  after
                  such 30th day.

              

      

      

      
        	 	
                (f)

              	
                Deferral
                  Under Non-Elective Arrangement.
                  An
                  arrangement satisfying the requirements of Prop. Treas. Reg.
                  Section 1.409A-2(a)(12) shall be treated as a valid Deferral Election
                  subject to the terms of the Plan if such agreement (i) incorporates
                  the provisions of this Plan document by reference or conduct, (ii) is
                  classified as an “individual account plan” under Code Section 409A,
                  and (iii) otherwise complies with Code
                  Section 409A.

              

      

      

      
        	 	
                (g)

              	
                2005
                  Elections.
                  The Plan Administrator has the authority, effective January 1, 2005,
                  to allow any or all Participants to make or modify a Deferral Election
                  with respect to deferrals subject to Code Section 409A, which relate
                  all or in part to services performed prior to December 31, 2005. Such
                  election or modification must be filed with the Plan Administrator
                  no
                  later than March 15, 2005.

              

      

      

      
        	
                4.3

              	
                “Evergreen”
                  Deferral Elections.
                  The Plan Administrator may provide in the form of Deferral Election
                  that
                  such Deferral Election remain in effect until terminated or modified
                  by
                  the Participant. Such “evergreen” Deferral Elections become effective with
                  respect to an item of Compensation on the date such election becomes
                  irrevocable under Section 4.2. A Participant whose Deferral Election
                  is suspended due to an Unforeseeable Emergency will be required
                  to file a
                  new Deferral Election under this Article IV in order to continue
                  making Deferrals under the Plan.

              

      

      

      
        	
                4.4

              	
                Separation
                  Account Elections.
                  A
                  Participant’s Deferral Election may establish one or more Separation
                  Accounts (up to the maximum number of such Accounts established
                  by the
                  Plan Administrator) from which payment will be made due to a Participant’s
                  Separation from Service. The Deferral Election establishing a Separation
                  Account shall specify the Payment Schedule for such
                  Account.

              

      

      

      
        	
                4.5

              	
                Unspecified
                  Deferral Allocations.
                  Deferrals that are not allocated to a Separation Account under
                  the terms
                  of a Deferral Election will be allocated to the Separation Account
                  with
                  the earliest payment commencement year. If a Separation Account
                  has not
                  been established, the Plan Administrator shall establish a Separation
                  Account to receive such Deferrals. Subject to the modification
                  rules under
                  Article V, such Account will be payable in a single lump sum in the
                  year following the year in which the Participant’s Separation from Service
                  occurs.

              

      

      

      
        	
                4.6

              	
                Deductions
                  from Pay.
                  The Plan Administrator has the authority to determine the payroll
                  practices under which any component of Compensation subject to
                  a Deferral
                  election will be deducted from a Participant’s
                  Compensation.

              

      

      

      

      

      

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      Article V

      Modifications
        to Payment Schedules

      

      
        	
                5.1

              	
                Participant’s
                  Right to Modify.
                  Subject to Section 5.2, a Participant may modify the Payment Schedule
                  with respect to an Account, provided such modification complies
                  with the
                  requirements of Sections 5.1(a) and
                  (b).

              

      

      

      
        	 	
                (a)

              	
                Time
                  of Election. The
                  date on which a modification election is submitted to the Plan
                  Administrator must be at least twelve (12) months prior to the
                  January 1 or July 1 on which payment commences under the Payment
                  Schedule in effect prior to modification, and (ii) the date payments
                  commence under the modified Payment Schedule must occur no earlier
                  than
                  five (5) years after the January 1 or July 1 of the year the
                  payment would have commenced under the Payment Schedule in effect
                  prior to
                  the effective date of the modification. Under no circumstances
                  may a
                  modification election result in an acceleration of payments in
                  violation
                  of Code Section 409A.

              

      

      

      
        	 	
                (b)

              	
                Effective
                  Date. A
                  modification election described in Section 5.1(a) becomes effective
                  on the date that is twelve (12) months after the date the modification
                  is
                  filed with the Plan Administrator. Until such modification election
                  becomes effective, payment will be made in accordance with the
                  Payment
                  Schedule in effect prior to such
                  modification.

              

      

      

      
        	 	
                (c)

              	
                Effect
                  on Other Accounts. An
                  election to modify a Payment Schedule is specific to the Separation
                  Account to which it applies, and shall not be construed to affect
                  the
                  Payment Schedules of any other
                  Accounts.

              

      

      

      
        	 	
                (d)

              	
                Effect
                  of Modification Election Upon Death or Unforeseeable
                  Emergency.
                  A
                  modification election described in this Section shall have no effect
                  on
                  the commencement date of payments due to death or Unforeseeable
                  Emergency.

              

      

      

      
        	
                5.2

              	
                Modifications
                  Authorized Under Notice 2005-1, Notice 2006-79, and Proposed
                  Regulations.
                  Notwithstanding any provision of this Plan to the contrary, during
                  calendar years 2005, 2006, and 2007, a Participant may modify any
                  Payment
                  Schedule of any Account without regard to the requirements of
                  Section 5.1(a) and (b); provided, however, that any modification
                  election submitted during 2006 purporting to modify an Account
                  with a
                  Payment Schedule commencing during 2006 or which would cause the
                  commencement date of the Payment Schedule for an Account to be
                  accelerated
                  into 2006 shall be null and void. Similarly, any modification election
                  submitted during 2007 purporting to modify an Account with a Payment
                  Schedule commencing during 2007 or which would cause the commencement
                  date
                  of the Payment Schedule for an Account to be accelerated into 2007
                  shall
                  be null and void. The Plan Administrator has the authority to prescribe
                  the time and manner under which such modifications may be
                  made.

              

      

      

      

      

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        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      Article VI

      Company
        Awards

      

      
        	
                6.1

              	
                Company
                  Awards.
                  The HR Committee of the Board of Directors, or the Plan Administrator
                  if
                  such authority is delegated, may, in its sole and absolute discretion,
                  authorize Company Awards to one, some, or all of the Participant(s)
                  in an
                  amount determined in its sole and absolute discretion. A Company
                  Award may
                  be made at any time during the calendar year and may consist of
“matching”
                  contributions. The HR Committee of the Board of Directors or its
                  delegate
                  shall be under no obligation to make contributions to the Plan
                  unless the
                  Company has entered into a separate agreement (such as an employment
                  agreement) to make such
                  contributions.

              

      

      

      
        	
                6.2

              	
                Vesting.
                  Company Awards and the Earnings thereon, shall vest in accordance
                  with the
                  vesting schedule(s) established by the Plan Administrator at the
                  time that
                  the Company Award is made. The unvested portion shall be forfeited
                  upon
                  Separation from Service. The Plan Administrator may, at any time,
                  in its
                  sole discretion, increase a Participant’s vested interest in a Company
                  Award or restore any forfeiture. Notwithstanding the foregoing,
                  any
                  decision to accelerate vesting with respect to a Participant subject
                  to
                  SEC Rule 16b shall be approved by the HR Committee of the Board of
                  Directors.

              

      

      

      

      Article VII

      Valuation
        of Account Balances; Investments; Earnings

      

      
        	
                7.1

              	
                Initial
                  Crediting of Deferrals to
                  Accounts

              

      

      
        	 	
                (a)

              	
                Crediting
                  Deferrals and Dividends. Deferrals
                  of annual incentive awards (and any related matching contributions
                  specified on Schedule A) shall be credited to the applicable
                  Participant Accounts and converted to Units as of the January 1
                  following the year in which services were performed. Deferrals
                  pertaining
                  to forms of Compensation other than annual incentive awards shall
                  be
                  credited to the applicable Participant’s Accounts as of the day such
                  Compensation otherwise would have been paid and shall be converted
                  to
                  Units as of such date. Dividends shall be credited to the applicable
                  Participant Accounts as of the dividend payment date for Company
                  Stock.

              

      

      

      
        	 	
                (b)

              	
                Conversion
                  to Units. Amounts
                  credited to a Participant’s Account shall be converted to Units. In the
                  case of annual incentive awards and any related matching contributions,
                  the number of Units shall be determined by dividing the amount
                  credited to
                  the Participant’s account on such day by the closing price of one share of
                  Company Stock indicated in the New York Stock Exchange Composite
                  Listing as of the preceding Business Day. For all other Deferrals,
                  Units
                  shall be determined using the closing price on the same day on
                  which the
                  Deferral is credited to the Participant’s
                  Accounts.

              

      

      

      

      

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                7.2
                  

              	
                Investment
                  Options

              

      

      

      
        	 	
                (a)

              	
                Reallocation
                  of Units to Other Investments.
                  Effective January 1, 2007, and subject to implementation, procedures
                  and
                  limitations as specified by the Plan Administrator, a Participant
                  may
                  reallocate Units to other investment options made available by
                  the Plan
                  Administrator (“Investment Funds”), which may include stocks, bonds,
                  mutual fund shares and other investments. The Participant shall
                  specify
                  the Investment Funds in which the reallocated Units will be invested.
                  Units will be valued based on the closing stock price of the Company
                  Stock
                  on the day a reallocation election is made and must be allocated
                  among the
                  Investment Funds in increments of 1%. The Participant’s Unit reallocation
                  will become effective according to procedures adopted by the Plan
                  Administrator.

              

      

      

      
        	 	 	
                The
                  Plan Administrator, in its sole discretion, shall be permitted
                  to add or
                  remove Investment Funds from the Plan menu from time to time provided
                  that
                  any such additions or removals of Investments Funds shall not be
                  effective
                  with respect to any period prior to the effective date of such
                  change.

              

      

      

      
        	 	 	
                The
                  Participant’s investment allocation constitutes a deemed, not actual,
                  investment among the Investment Funds comprising the investment
                  menu. At
                  no time shall a Participant have any real or beneficial ownership
                  in any
                  Investment Fund included in the investment menu, nor shall the
                  Company or
                  any trustee acting on its behalf have any obligation to purchase
                  actual
                  securities as a result of a Participant’s investment allocation. A
                  Participant’s investment allocation shall be used solely for purposes of
                  adjusting the value of a Participant’s Account Balance and the amount of
                  the Company’s corresponding payment obligation under the terms of the
                  Plan.

              

      

      

      
        	 	
                (b)

              	
                Reallocation
                  of Account Balances Not Accounted for as
                  Units

              

      

      

      
        	 	 	
                Participants
                  may later reallocate current Account Balances invested in Investment
                  Funds
                  other than Units in increments of 1% by filing a new allocation
                  election
                  at the time and in the form specified by the Plan Administrator.
                  The
                  Participant’s investment allocation will become effective on the same
                  Business Day or, in the case of reallocations received after a
                  time
                  specified by the Plan Administrator, the next Business Day. The
                  allocation
                  election shall apply prospectively to the Account or Accounts identified
                  in the election.

              

      

      

      
        	 	
                (c)

              	
                Payments
                  and Forfeitures.
                  The number of Units or the value of the Participant’s Account Balance
                  shall be reduced to reflect payments and any forfeitures from the
                  applicable Participant Account(s) on such
                  day.

              

      

      

      
        	 	
                (d)

              	
                Earnings.
                  After the adjustments described in (a) through (c) above, a Participant’s
                  Accounts will be adjusted as of the close of business on such day
                  and each
                  subsequent Business Day to reflect the total value of Units credited
                  to
                  such Accounts or, subject to the Plan Administrator’s procedures for
                  valuing 

              

      

      

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                Accounts,
                  to reflect earnings based upon the Participant’s allocation among the menu
                  of investment options. For Accounts containing Units, the value
                  of Units
                  in such Account shall be determined by multiplying the total number
                  of
                  Units and fractions thereof credited to each Account by the closing
                  price
                  of one share of Company Stock indicated in the New York Stock
                  Exchange Composite Listing as of each Business
                  Day.

              

      

      

      

      Article VIII

      Distributions
        and Withdrawals

      

      
        	
                8.1

              	
                Separation
                  Account Payments.
                  Payments will be made from all Separation Accounts according to
                  the
                  Payment Schedule specified in Section 2.26(a). The amount of the
                  payments will be based on the Separation Account Balance and will
                  be paid
                  in accordance with the provisions of
                  Section 8.4.

              

      

      

      
        	
                8.2

              	
                Death
                  Benefit.
                  If payments have commenced from a Participant’s Accounts as of the time of
                  the Participant’s death, the Beneficiary(ies) will continue to receive the
                  remaining payments under the Payment Schedule in effect for such
                  Account.
                  If payments have not commenced from an Account, payment will be
                  made in
                  accordance with the Payment Schedule for a death benefit described
                  in
                  Section 2.26(b).

              

      

      

      
        	
                8.3

              	
                Unforeseeable
                  Emergency.
                  A
                  Participant may submit a written request to the Plan Administrator
                  to
                  receive a distribution from his or her vested Account Balance(s)
                  if the
                  Participant experiences an Unforeseeable Emergency. Distributions
                  of
                  amounts in the event of an Unforeseeable Emergency are limited
                  to the
                  extent reasonably needed to satisfy the emergency need which cannot
                  be met
                  with other resources of the Participant. The amount of such distribution
                  shall be subtracted first from the Participant’s Separation Account with
                  the latest payment commencement date until depleted and then from
                  the next
                  latest Separation Accounts.

              

      

      

      
        	 	
                A
                  withdrawal by a Participant who is a “16b Officer” must be approved by the
                  HR Committee of the Board of
                  Directors.

              

      

      

      
        	
                8.4

              	
                Valuation
                  and Payment.
                  Payment of benefits under the Plan will be based on the valuation
                  of the
                  applicable Account Balance as of the Valuation Date specified by
                  the Plan
                  Administrator in its discretion. Balances that are valued in Units
                  shall
                  be paid in Company Stock with one share distributed for each Unit
                  credited. All fractional Units, and all Balances that are valued
                  with
                  reference to an Investment Fund, will be payable in
                  cash.

              

      

      

      
        	 	
                Payment
                  is treated as made upon the payment commencement date under the
                  applicable
                  Payment Schedule if the payment is made on or after such date in
                  the same
                  calendar year or, if later, by the 15th day of the third calendar
                  month
                  following the date specified under the arrangement. If a calculation
                  of
                  the amount of the payment is not administratively
                  

              

      

      

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        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      
        	 	
                practical
                  due to events beyond the control of the Participant, the payment
                  will be
                  treated as made upon the date specified under the Payment Schedule
                  if the
                  payment is made during the first calendar year in which the payment
                  becomes administratively
                  practicable.

              

      

      

      
        	
                8.5

              	
                Installments;
                  Declining Balance Calculation.
                  If a Payment Schedule specifies installment payments, annual payments
                  will
                  be made beginning as of the payment commencement date for such
                  installments and shall continue on each anniversary thereof until
                  the
                  number of installment payments specified in the Payment Schedule
                  has been
                  paid. The amount of each installment payment shall be determined
                  by
                  dividing (a) by (b):

              

      

      

      
        	 	
                (a)

              	
                equals
                  the Account Balance as of the Valuation Date
                  and

              

      

      

      
        	 	
                (b)

              	
                equals
                  the remaining number of installment
                  payments.

              

      

      

      
        	
                8.6

              	
                “De
                  Minimis Account” Balance.
                  Any provision in this Plan to the contrary notwithstanding, payment
                  to a
                  Participant or Beneficiary will be made in a single lump sum, provided
                  (i) the payment accompanies the entirety of the Participant’s
                  interest in the Plan and all similar arrangements that constitute
                  a
                  nonqualified deferred compensation arrangement under Prop. Treas.
                  Reg.
                  Section 1.409A-1(c); (ii) the payment is made on or before the
                  later of December 31 of the calendar year in which occurs the
                  Participant’s Separation from Service, or the 15th day of the third month
                  following the Participant’s Separation from Service; and (iii) the payment
                  is not greater than $25,000. Any Payment Schedule contrary to the
                  provisions of this Section 8.6 shall be null and
                  void.

              

      

      

      
        	
                8.7

              	
                Domestic
                  Relations Order.
                  Notwithstanding any benefit, Payment Schedule or other provision
                  of this
                  Plan regarding the time and form of payment, the Plan Administrator
                  may
                  pay all or a portion of a Participant’s Accounts to an “alternate payee”
                  as specified under the terms of a domestic relations order (defined
                  in
                  Code Section 414(p)(1)(B)). If a time or form of payment is not
                  specified in such order, payment will be made to such alternate
                  payee(s)
                  in a single lump sum as soon as is administratively practical following
                  the Plan Administrator’s determination that the order meets the
                  requirements of this
                  Section 8.7.

              

      

      

      
        	
                8.8

              	
                Permissible
                  Payment Delays.
                  The Company may delay any payment to a Participant upon the Plan
                  Administrator’s reasonable anticipation of one or more of the
                  following:

              

      

      

      
        	 	
                (a)

              	
                The
                  Company’s income tax deduction with respect to such payment would be
                  limited or eliminated by application of Code Section 162(m);
                  or

              

      

      

      
        	 	
                (b)

              	
                Making
                  such payment would violate a term of a loan agreement to which
                  the Company
                  or an Affiliate is a party, or other similar contract to which
                  the
                  Company, or an Affiliate, is a party, and such violation would
                  cause
                  material harm to the Company or an Affiliate;
                  or

              

      

      

      
        	 	
                (c)

              	
                Making
                  such payment would violate federal securities laws or other applicable
                  law.

              

      

      

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      Article IX

      Administration

      

      
        	
                9.1

              	
                Plan
                  Administration.
                  This Plan shall be administered by the Deferred Compensation Committee
                  of
                  the Company which shall act as the Plan Administrator. The Plan
                  Administrator shall have discretionary authority to make, amend,
                  interpret
                  and enforce all appropriate rules and regulations for the administration
                  of this Plan and to utilize its discretion to decide or resolve
                  any and
                  all questions, including but not limited to eligibility for benefits
                  and
                  interpretations of this Plan and its terms, as may arise in connection
                  with the Plan. Claims for benefits shall be filed with the Plan
                  Administrator and resolved in accordance with the claims procedures
                  in
                  Article XII. The Plan Administrator may exercise such additional
                  powers and authority as may be delegated to the Plan Administrator
                  by the
                  HR Committee of the Board of Directors and such powers as are conferred
                  under the terms of the Plan.

              

      

      

      
        	
                9.2

              	
                Administration
                  Upon Change in Control.
                  Upon a Change in Control the members of the HR Committee of the
                  Board of
                  Directors, as constituted immediately prior to such Change in Control,
                  shall act as the Plan
                  Administrator.

              

      

      

      
        	 	
                Upon
                  such Change in Control, the management of the successor to the
                  Company may
                  not act, directly or indirectly, to remove the Plan Administrator,
                  unless
                  2/3rds of the members of the Board of Directors of the Company
                  and a
                  majority of Participants and Beneficiaries with Account Balances
                  consent
                  to the removal and replacement of the Plan Administrator. The individual
                  who was the Chief Executive Officer of the Company (or if such
                  person is
                  unable or unwilling to act, the next highest ranking officer) prior
                  to the
                  Change in Control shall have the authority (but shall not be obligated)
                  to
                  appoint an independent third party to act as the Plan Administrator
                  in
                  lieu of the members of the HR Committee of the Board of Directors.
                  Notwithstanding the foregoing, neither the members of the HR Committee
                  of
                  the Board of Directors nor the officer described above shall have
                  authority to direct investment of trust assets under any rabbi
                  trust
                  described in Section 11.2.

              

      

      

      
        	 	
                The
                  members of the HR Committee of the Board of Directors, acting as
                  the Plan
                  Administrator, shall have the exclusive authority to interpret
                  the terms
                  of the Plan and resolve claims under the claims procedure (except
                  appeals
                  brought by a Participant or
                  Beneficiary).

              

      

      

      
        	 	
                The
                  successor organization to the Company shall, with respect to the
                  individuals acting as the Plan Administrator identified under this
                  Section, (i) pay all reasonable expenses and fees of the Plan
                  Administrator, (ii) indemnify the Plan Administrator (including
                  individual members of the HR Committee of the Board of Directors)
                  against
                  any costs, expenses and liabilities including, without limitation,
                  attorneys’ fees and expenses arising in connection with the performance of
                  the Plan Administrator hereunder, except with respect to matters
                  resulting
                  from the Plan Administrator’s gross negligence or willful misconduct and
                  (iii) supply full and timely information to the Plan Administrator on
                  all 

              

      

      

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        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      
        	 	
                matters
                  related to the Plan, any rabbi trust, Participants, Beneficiary(ies)
                  and
                  Accounts as the Plan Administrator may reasonably
                  require.

              

      

      

      
        	
                9.3

              	
                Withholding.
                  The Company shall have the right to withhold any taxes required
                  by law to
                  be withheld in respect of payments from the Plan or Deferrals to
                  the Plan,
                  either from the payments made or from Compensation not deferred
                  to the
                  Plan.

              

      

      

      
        	
                9.4

              	
                Indemnification.
                  The Company shall indemnify and hold harmless each employee, officer,
                  director, agent or organization, to whom or to which it delegated
                  duties,
                  responsibilities, and authority under the Plan or otherwise with
                  respect
                  to administration of the Plan, including, without limitation, the
                  Plan
                  Administrator, the HR Committee of the Board of Directors and their
                  agents, against all claims, liabilities, fines and penalties, and
                  all
                  expenses reasonably incurred by or imposed upon him or it (including
                  but
                  not limited to reasonable attorney fees) which arise as a result
                  of his or
                  its actions or failure to act in connection with the operation
                  and
                  administration of the Plan to the extent lawfully allowable and
                  to the
                  extent that such claim, liability, fine, penalty, or expense is
                  not paid
                  for by liability insurance purchased or paid for by the Company.
                  Notwithstanding the foregoing, the Company shall not indemnify
                  any person
                  or organization if his or its actions or failure to act are due
                  to gross
                  negligence or willful misconduct or for any such amount incurred
                  through
                  any settlement or compromise of any action unless the Company consents
                  in
                  writing to such settlement or
                  compromise.

              

      

      

      
        	
                9.5

              	
                Expenses.
                  The direct out of pocket expenses of administering the Plan shall
                  be paid
                  by the Company.

              

      

      

      
        	
                9.6

              	
                Delegation
                  of Authority.
                  In the administration of this Plan, the Plan Administrator may,
                  from time
                  to time, employ agents and delegate to them such administrative
                  duties as
                  it sees fit, and may from time to time consult with legal counsel
                  who
                  shall be legal counsel to the
                  Company.

              

      

      

      
        	
                9.7

              	
                Binding
                  Decisions or Actions.
                  The decision or action of the Plan Administrator in respect of
                  any
                  question arising out of or in connection with the administration,
                  interpretation and application of the Plan and the rules and regulations
                  thereunder shall be final and conclusive and binding upon all persons
                  having any interest in the Plan.

              

      

      

      

      Article X

      Amendment
        and Termination

      

      
        	
                10.1

              	
                Amendment
                  and Termination.
                  The Plan is intended to be permanent, but the HR Committee of the
                  Board of
                  Directors of the Company may at any time and from time to time
                  amend the
                  Plan or may terminate the Plan as provided in this
                  Section 10.1

              

      

      

      
        	 	
                (a)

              	
                Amendments.
                  The
                  Company, by action taken by the HR Committee of the Board of Directors,
                  may amend the Plan at any time, provided that any such amendment
                  

              

      

      

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                shall
                  not reduce the vested Account Balances of any Participant accrued
                  as of
                  the date of any such amendment or restatement (as if the Participant
                  had
                  incurred a voluntary Separation from Service on such date) or reduce
                  any
                  rights of a Participant under the Plan or other Plan features with
                  respect
                  to vested Deferrals made prior to the date of any such amendment
                  or
                  restatement without the consent of the Participant. The HR Committee
                  of
                  the Board of Directors of the Company may delegate to the Plan
                  Administrator the authority to amend the Plan without the consent
                  of the
                  Board of Directors of the Company for the purpose of (i) conforming
                  the Plan to the requirements of law, (ii) to facilitate
                  administration, (iii) to clarify provisions based on the Plan
                  Administrator’s interpretation of the document and (iv) to make such
                  other amendments as the Board may
                  authorize.

              

      

      

      
        	 	
                (b)

              	
                Termination.
                  The Company, by action taken by the HR Committee of the Board of
                  Directors, may terminate the Plan and pay Participants and Beneficiaries
                  their Account Balances in a single lump sum under the following
                  conditions:

              

      

      

      
        	 	
                (1)

              	
                Company’s
                  Discretion.
                  The Company may terminate the Plan in its discretion, provided
                  that
                  (i) all arrangements sponsored by the Company that would be
                  aggregated with any terminated arrangement under Prop. Treas. Reg.
                  Section 1.409A-1(c) if the same Participant participated in all of
                  the arrangements, are terminated; (ii) no payments other than
                  payments that would be payable under the terms of the arrangements
                  if the
                  termination had not occurred are made within twelve (12) months
                  of the
                  termination of the arrangements; (iii) all payments are made within
                  twenty-four (24) months of the termination of the arrangements;
                  and
                  (iv) the Company or its Affiliates do not adopt a new arrangement
                  that would be aggregated with any terminated arrangement under
                  Prop.
                  Treas. Reg. Section 1.409A-1(c) if the same Participant participated
                  in both arrangements, at any time within five (5) years following
                  the date
                  of termination of the arrangement.

              

      

      

      
        	 	
                (2)

              	
                Change
                  in Control.
                  The Company may terminate the Plan within the thirty (30) days
                  preceding
                  or the twelve (12) months following a Change in Control (as defined
                  in
                  Prop. Treas. Reg. Section 1.409A-2(g)(4)(i)). For purposes of this
                  paragraph, a Change in Control shall be defined as provided in
                  Prop.
                  Treas. Reg. Section 1.409A-2(g)(4)(i). The Plan is considered
                  terminated under this paragraph only if all substantially similar
                  arrangements are terminated, and all participants under such arrangements
                  are required to receive all amounts of compensation deferred under
                  the
                  terminated arrangements within twelve (12) months of the termination
                  of
                  such arrangements.

              

      

      

      
        	 	
                (3)

              	
                Dissolution;
                  Bankruptcy Court Order.
                  The Company may terminate the Plan within twelve (12) months of
                  a
                  corporate dissolution taxed under Code Section 331, or with the
                  approval of a bankruptcy court pursuant to 11 U.S.C.
                  Section 403(b)(1)(A), provided that the vested Account
                  

              

      

      

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                Balances
                  are included in Participants’ gross incomes in the latest of (i) the
                  calendar year in which the Plan terminates; (ii) the calendar year in
                  which the amount is no longer subject to a substantial risk of
                  forfeiture;
                  or (iii) the first calendar year in which the payment is
                  administratively practicable.

              

      

      

      
        	
                10.2

              	
                Accounts
                  Taxable Under Code Section 409A.
                  The Plan is intended to constitute a plan of deferred compensation
                  that
                  meets the requirements for deferral of income taxation under Code
                  Section 409A. The Plan Administrator, pursuant to its authority to
                  interpret the Plan, may sever from the Plan or any Deferral Election
                  any
                  provision or exercise of a right that otherwise would result in
                  a
                  violation of Code Section 409A. If, after application of the
                  preceding sentence, the Plan Administrator determines that a Participant’s
                  Accounts are taxable or if such Participant receives a notice of
                  deficiency from the Internal Revenue Service due to a violation
                  of Code
                  Section 409A, such Participant will receive payment from his or her
                  Accounts in a single lump sum. The amount of the payment shall
                  not exceed
                  the lesser of (i) the Participant’s Account Balance or (ii) an
                  amount equal to the amount of income included in taxable income
                  as a
                  result of such violation, plus an additional amount, to the extent
                  permissible under Treasury Department regulations, for penalties
                  under
                  Code Section 409A, other taxes and interest or other costs. Payment
                  under this Section 10.2, including the amount of any taxes,
                  penalties, interest or other costs, shall be applied against the
                  Participant’s Accounts and shall constitute fulfillment of the Company’s
                  payment obligation to such Participant under the Plan to the extent
                  of any
                  such payments.

              

      

      

      

      Article XI

      Informal
        Funding

      

      
        	
                11.1

              	
                General
                  Assets.
                  Obligations established under the terms of the Plan may be satisfied
                  from
                  the general funds of the Company, an Affiliate, or a trust described
                  in
                  Section 11.2. No Participant, spouse or Beneficiary shall have any
                  right, title or interest whatever in assets of the Company or an
                  Affiliate. Nothing contained in this Plan, and no action taken
                  pursuant to
                  its provisions, shall create or be construed to create a trust
                  of any
                  kind, or a fiduciary relationship, between the Company or its Affiliates
                  and any Employee, spouse, or Beneficiary. To the extent that any
                  person
                  acquires a right to receive payments from the Company hereunder,
                  such
                  rights are no greater than the right of an unsecured general creditor
                  of
                  the Company.

              

      

      

      
        	
                11.2

              	
                Rabbi
                  Trust.
                  The Company or an Affiliate may, at its sole discretion, establish
                  a
                  grantor trust, commonly known as a rabbi trust, as a vehicle for
                  accumulating assets to pay benefits under the Plan. Payments under
                  the
                  Plan may be paid from the general assets of the Company or from
                  the assets
                  of any such rabbi trust. Payment from any such source shall reduce
                  the
                  Company’s obligation to the Participant or Beneficiary under the
                  Plan.

              

      

      

      

      

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        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      Article XII

      Claims

      

      
        	
                12.1

              	
                Filing
                  a Claim.
                  Any controversy or claim arising out of or relating to the Plan
                  shall be
                  filed in writing with the Plan Administrator which shall make all
                  determinations concerning such claim. Any claim filed with the
                  Plan
                  Administrator and any decision by the Plan Administrator denying
                  such
                  claim shall be in writing and shall be delivered to the Participant
                  or
                  Beneficiary filing the claim
                  (Claimant).

              

      

      

      
        	
                12.2

              	
                In
                  General.
                  Notice of a denial of benefits will be provided within ninety (90)
                  days of
                  the Plan Administrator’s receipt of the Claimant’s claim for benefits. If
                  the Plan Administrator determines that it needs additional time
                  to review
                  the claim, the Plan Administrator will provide the Claimant with
                  a notice
                  of the extension before the end of the initial ninety (90)-day
                  period. The
                  extension will not be more than ninety (90) days from the end of
                  the
                  initial ninety (90)-day period and the notice of extension will
                  explain
                  the special circumstances that require the extension and the date
                  by which
                  the Plan Administrator expects to make a
                  decision.

              

      

      

      
        	
                12.3

              	
                Contents
                  of Notice.
                  If a claim for benefits is completely or partially denied, notice
                  of such
                  denial shall be in writing and shall set forth the reasons for
                  denial in
                  plain language. The notice shall (i) cite the pertinent provisions of
                  the Plan document and (ii) explain, where appropriate, how the
                  Claimant can perfect the claim, including a description of any
                  additional
                  material or information necessary to complete the claim and why
                  such
                  material or information is necessary. The claim denial also shall
                  include
                  an explanation of the claims review procedures and the time limits
                  applicable to such procedures, including a statement of the Claimant’s
                  right to bring a civil action under Section 502(a) of ERISA following
                  an adverse decision on review.

              

      

      

      
        	
                12.4

              	
                Appeal
                  of Denied Claims.
                  A
                  Claimant whose claim has been completely or partially denied shall
                  be
                  entitled to appeal the claim denial by filing a written appeal
                  with the
                  Plan Administrator. A Claimant who timely requests a review of
                  the denied
                  claim (or his or her authorized representative) may review, upon
                  request
                  and free of charge, copies of all documents, records and other
                  information
                  relevant to the denial and may submit written comments, documents,
                  records
                  and other information relevant to the claim to the Plan Administrator.
                  All
                  written comments, documents, records, and other information shall
                  be
                  considered “relevant” if the information (i) was relied upon in
                  making a benefits determination, (ii) was submitted, considered or
                  generated in the course of making a benefits decision regardless
                  of
                  whether it was relied upon to make the decision, or
                  (iii) demonstrates compliance with administrative processes and
                  safeguards established for making benefit decisions. The Plan
                  Administrator may, in its sole discretion and if it deems appropriate
                  or
                  necessary, decide to hold a hearing with respect to the claim
                  appeal.

              

      

      

      
        	 	
                (a)

              	
                In
                  General.
                  Appeal of a denied benefits claim must be filed in writing with
                  the Plan
                  Administrator no later than sixty (60) days after receipt of the
                  written
                  notification of such claim denial. The Plan Administrator shall
                  make its
                  decision 

              

      

      

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                regarding
                  the merits of the denied claim within sixty (60) days following
                  receipt of
                  the appeal (or within one hundred and twenty (120) days after such
                  receipt, in a case where there are special circumstances requiring
                  extension of time for reviewing the appealed claim). If an extension
                  of
                  time for reviewing the appeal is required because of special
                  circumstances, written notice of the extension shall be furnished
                  to the
                  Claimant prior to the commencement of the extension. The notice
                  will
                  indicate the special circumstances requiring the extension of time
                  and the
                  date by which the Plan Administrator expects to render the determination
                  on review. The review will take into account comments, documents,
                  records
                  and other information submitted by the Claimant relating to the
                  claim
                  without regard to whether such information was submitted or considered
                  in
                  the initial benefit determination.

              

      

      

      
        	 	
                (b)

              	
                Contents
                  of Notice.
                  If
                  a benefits claim is completely or partially denied on review, notice
                  of
                  such denial shall be in writing and shall set forth the reasons
                  for denial
                  in plain language. The decision on review shall set forth (i) the
                  specific reason or reasons for the denial, (ii) specific references
                  to the pertinent Plan provisions on which the denial is based,
                  (iii) a statement that the Claimant is entitled to receive, upon
                  request and free of charge, reasonable access to and copies of
                  all
                  documents, records, or other information relevant (as defined above)
                  to
                  the Claimant’s claim, and (iv) a statement describing any voluntary
                  appeal procedures offered by the plan and a statement of the Claimant’s
                  right to bring an action under Section 502(a) of
                  ERISA.

              

      

      

      
        	 	
                (c)

              	
                Claims
                  Appeals Upon Change in Control.
                  Upon a Change in Control, the Plan Administrator, as constituted
                  immediately prior to such Change in Control, shall continue to
                  act as the
                  Plan Administrator.

              

      

      

      
        	 	 	
                Upon
                  such Change in Control, the Company may not remove any member of
                  the Plan
                  Administrator, but may replace resigning members if 2/3rds of the
                  members
                  of the Board of Directors of the Company and a majority of Participants
                  and Beneficiaries with Account Balances consent to the
                  replacement.

              

      

      

      
        	 	 	
                The
                  Plan Administrator shall have the exclusive authority at the appeals
                  stage
                  to interpret the terms of the Plan and resolve appeals under the
                  Claims
                  Procedure.

              

      

      

      
        	 	 	
                The
                  Company shall, with respect to the Plan Administrator identified
                  under
                  this Section, (i) pay all reasonable expenses and fees of the Plan
                  Administrator, (ii) indemnify the Plan Administrator (including
                  individual committee members) against any costs, expenses and liabilities
                  including, without limitation, attorneys’ fees and expenses arising in
                  connection with the performance of the Plan Administrator hereunder,
                  except with respect to matters resulting from the Plan Administrator’s
                  gross negligence or willful misconduct, and (iii) supply full and
                  timely information to the Plan Administrator on all matters related
                  to the
                  Plan, any rabbi trust, Participants, Beneficiaries and Accounts
                  as the
                  Plan Administrator may reasonably
                  require.

              

      

      

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                12.5

              	
                Legal
                  Action.
                  A
                  Claimant may not bring any legal action, including commencement
                  of any
                  arbitration, relating to a claim for benefits under the Plan unless
                  and
                  until the Claimant has followed the claims procedures under the
                  Plan and
                  exhausted his or her administrative remedies under such claims
                  procedures.

              

      

      

      
        	 	
                If
                  a Participant or Beneficiary prevails in a legal proceeding brought
                  under
                  the Plan to enforce the rights of such Participant or any other
                  similarly
                  situated Participant or Beneficiary, in whole or in part, the Company
                  shall reimburse such Participant or Beneficiary for all legal costs,
                  expenses, attorneys’ fees and such other liabilities incurred as a result
                  of such proceedings. If the legal proceeding is brought in connection
                  with
                  a Change in Control, or a “change in control” as defined in a rabbi trust
                  described in Section 11.2, the Participant or Beneficiary may file a
                  claim directly with the trustees for reimbursement of such costs,
                  expenses
                  and fees. For purposes of the preceding sentence, the amount of
                  the claim
                  shall be treated as if it were an addition to the Participant’s or
                  Beneficiary’s Account Balance and will be in included in determining the
                  Company’s trust funding obligation under
                  Section 11.2.

              

      

      

      
        	
                12.6

              	
                Discretion
                  of Plan Administrator.
                  All interpretations, determinations and decisions of the Plan
                  Administrator with respect to any claim shall be made in its sole
                  discretion, and shall be final and
                  conclusive.

              

      

      

      

      Article XIII

      General
        Conditions

      

      
        	
                13.1

              	
                Anti-Assignment
                  Rule.
                  No interest of any Participant, spouse or Beneficiary under this
                  Plan and
                  no benefit payable hereunder shall be assigned as security for
                  a loan, and
                  any such purported assignment shall be null, void and of no effect,
                  nor
                  shall any such interest or any such benefit be subject in any manner,
                  either voluntarily or involuntarily, to anticipation, sale, transfer,
                  assignment or encumbrance by or through any Participant, spouse
                  or
                  Beneficiary, except as provided in Section
                  8.7.

              

      

      

      
        	
                13.2

              	
                No
                  Legal or Equitable Rights or Interest.
                  No Participant or other person shall have any legal or equitable
                  rights or
                  interest in this Plan that are not expressly granted in this Plan.
                  Participation in this Plan does not give any person any right to
                  be
                  retained in the service of the Company or any of its subsidiaries
                  or
                  affiliated companies. The right and power of the Company to dismiss
                  or
                  discharge an Employee is expressly reserved. Notwithstand-ing the
                  provisions of Section 10.2, the Company makes no representations or
                  warranties as to the tax consequences to a Participant or a Participant’s
                  beneficiary(ies) resulting from a deferral of income pursuant to
                  the
                  Plan.

              

      

      

      
        	
                13.3

              	
                No
                  Employment Contract.
                  Nothing contained herein shall be construed to constitute a contract
                  of
                  employment between an Employee and the Company or a Director and
                  the
                  Company or any of its subsidiaries or affiliated
                  companies.

              

      

      

      

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        Corporation 2005 Deferred Compensation Company Stock Plan

      

      

      
        	
                13.4

              	
                Notice.
                  Any notice or filing required or permitted to be delivered to the
                  Plan
                  Administrator under this Plan shall be delivered in writing, in
                  person, or
                  through such electronic means as is established by the Plan Administrator.
                  Notice shall be deemed given as of the date of delivery or, if
                  delivery is
                  made by mail, as of the date shown on the postmark on the receipt
                  for
                  registration or certification. Written transmission shall be sent
                  by
                  certified mail to:

              

      

      

      

      Ball
        Corporation

      10
        Longs Peak Drive

      Broomfield,
        CO 80021

      Attn:
        Deferred Compensation Plan Administrator

      

      
        	 	
                Any
                  notice or filing required or permitted to be given to a Participant
                  under
                  this Plan shall be sufficient if in writing or hand-delivered,
                  or sent by
                  mail to the last known address of the
                  Participant.

              

      

      

      
        	
                13.5

              	
                Headings.
                  The headings of Sections are included solely for convenience of
                  reference,
                  and if there is any conflict between such headings and the text
                  of this
                  Plan, the text shall control.

              

      

      

      
        	
                13.6

              	
                Invalid
                  or Unenforceable Provisions.
                  If any provision of this Plan shall be held invalid or unenforceable,
                  such
                  invalidity or unenforceability shall not affect any other provisions
                  hereof and the Plan Administrator may elect in its sole discretion
                  to
                  construe such invalid or unenforceable provisions in a manner that
                  conforms to applicable law or as if such provisions, to the extent
                  invalid
                  or unenforceable, had not been
                  included.

              

      

      

      
        	
                13.7

              	
                Governing
                  Law.
                  To the extent not preempted by ERISA, the laws of the State of
                  Indiana
                  shall govern the construction and administration of the
                  Plan.

              

      

      

      

       

      

      

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      Schedule A

      

      Company
        Matching Contributions

      

      Until
        modified by the HR Committee of the Board of Directors, Company Award includes
        Company matching contributions. Such contributions shall be an additional
        credit
        to a Participant’s Accounts, which shall equal 20% of Deferrals credited to an
        Account during a calendar year. The maximum Company Matching Contribution
        credited to a Participant’s Deferred Compensation Account in a calendar year
        shall be $20,000.

      

      Company
        matching contributions shall be 100% vested at all times.

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      

      

      Schedule
        B

      

      Eligible
        Employees

      

      Until
        modified by the HR Committee of the Board of Directors, Eligible Employees
        will
        be defined as a current Employee of the Company with an Economic Value Added
        (EVA) Incentive Compensation (I.C.) participation level of 20% or higher
        and any
        non-employee member of the Company’s Board of Directors.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      

      

      Schedule
        C

      

      Reallocation
        of Units to Other Investments

      

      Until
        modified by the HR Committee of the Board of Directors, Units may be reallocated
        to other Investment Funds made available by the Plan Administrator subject
        to
        the following rules:

      

      	·  	
              Deferrals
                and Company Matching Contributions will be invested automatically
                in
                Units, as provided in the Plan.

            

      	·  	
              50%
                of the amounts deferred and invested as Units will be credited and
                held in
                an account(s) until Separation of Service. Units in this account(s)
                are
                not eligible for reallocation to other Investment Funds during the
                Participant’s service with the Company.

            

      	·  	
              The
                other 50% of the amounts deferred and invested as Units will be credited
                to other accounts as elected by the Participant. During each year,
                the
                Participant may reallocate up to 50% of the preceding December 31
                Unit
                balance of such accounts among other Investment Funds in accordance
                with
                procedures and limitations as specified by the Plan Administrator.
                

            

      	·  	
              Units
                derived from any Company Matching Contributions will be credited
                to the
                account(s) that must remain invested in Units until Separation of
                Service.

            

      	·  	
              Participants
                who have attained age 55 upon Separation of Service may reallocate
                any
                remaining Units in any account (including any Units derived from
                Matching
                Contributions) among other Investment Funds in accordance with procedures
                and limitations as specified b the Plan
                Administrator.

            

      	·  	
              At
                time of distribution, any balances invested in Units will continue
                to be
                paid under the payment schedules specified in the Plan and the
                Participant’s elections in the form of Company Stock. Any balances
                invested in Investment Funds will be paid in the form of
                cash.

            

      

      The
        implementation, procedures and limitations for the Reallocation of Units
        to
        Other Investments will be specified by the Plan Administrator.

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