Document:

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                                                                   EXHIBIT 10.16

                        REPUBLIC ENGINEERED PRODUCTS LLC
                          KEY EXECUTIVE SEVERANCE PLAN

                          EFFECTIVE DATE: JULY 1, 2003

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                                                    Key Executive Severance Plan

                        REPUBLIC ENGINEERED PRODUCTS LLC
                          KEY EXECUTIVE SEVERANCE PLAN

                              W I T N E S S E T H:

      WHEREAS, REPUBLIC ENGINEERED PRODUCTS LLC (the "Company") desires to
provide severance benefits to certain of its employees upon the occurrence of
certain terminations of employment;

      NOW, THEREFORE, the REPUBLIC ENGINEERED PRODUCTS LLC KEY EXECUTIVE
SEVERANCE PLAN is hereby adopted as provided in this document, effective as of
July 1, 2003:

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                                                    Key Executive Severance Plan

                                TABLE OF CONTENTS

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ARTICLE I         DEFINITIONS AND CONSTRUCTION

         1.1.     Definitions...................................................        1
                  (1)      Annual Compensation..................................        1
                  (2)      Board................................................        1
                  (3)      Cause................................................        1
                  (4)      Change of Control....................................        1
                  (5)      Company..............................................        2
                  (6)      Disability...........................................        2
                  (7)      Effective Date.......................................        2
                  (8)      Eligible Employee....................................        2
                  (9)      Employer.............................................        2
                  (10)     ERISA................................................        2
                  (11)     Participant..........................................        2
                  (12)     Participating Entity.................................        2
                  (13)     Plan.................................................        2
                  (14)     Plan Administrator...................................        2
                  (15)     Qualified Termination................................        2
                  (16)     Severance Benefit....................................        2
         1.2.     Number and Gender.............................................        3
         1.3.     Headings......................................................        3

ARTICLE II        PARTICIPATION

         2.1.     Eligibility...................................................        3
         2.2.     Commencement of Participation.................................        3
         2.3.     Termination of Participation..................................        3
         2.4.     Resumption of Participation...................................        3

ARTICLE III       SEVERANCE BENEFITS

         3.1.     Eligibility for Severance Benefit.............................        3
         3.2.     Amount of Severance Benefit...................................        3
         3.3.     Offset for Other Severance Payments...........................        5
         3.4.     Maximum Severance Benefit.....................................        5
         3.5.     Release and Full Settlement...................................        6

ARTICLE IV        BENEFIT CLAIMS PROCEDURE

         4.1.     Claims for Benefits...........................................        6
         4.2.     Benefit Claims Procedure......................................        6
         4.3.     Review of Denied or Modified Claims...........................        7
         4.4.     Exhaustion of Administrative Remedies.........................        7
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                                                    Key Executive Severance Plan

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ARTICLE V         FUNDING OF PLAN

         5.1.     Funding of Plan...............................................        7
         5.2.     No Participant Contributions..................................        7

ARTICLE VI        ADMINISTRATION OF PLAN

         6.1.     Plan Administrator............................................        8
         6.2.     Right to Delegate.............................................        8
         6.3.     Discretion to Interpret Plan..................................        8
         6.4.     Powers and Duties.............................................        8
         6.5.     Expenses......................................................        9
         6.6.     Indemnification...............................................        9

ARTICLE VII       AMENDMENT AND TERMINATION

         7.1.     Right to Amend Plan...........................................        9
         7.2.     Right to Terminate Plan.......................................       10
         7.3.     Effect of Amendment or Termination............................       10

ARTICLE VIII      MISCELLANEOUS PROVISIONS

         8.1.     No Guarantee of Employment....................................       10
         8.2.     Payments to Minors and Incompetents...........................       10
         8.3.     No Vested Right to Benefits...................................       10
         8.4.     Nonalienation of Benefits.....................................       11
         8.5.     Unknown Whereabouts...........................................       11
         8.6.     Other Participating Entities..................................       11
         8.7.     Jurisdiction..................................................       12
         8.8.     Severability..................................................       12
         8.9.     Notice and Filing.............................................       12
         8.10.    Plan Year.....................................................       12
         8.11.    Incorrect Information, Fraud, Concealment, or Error...........       12
         8.12.    Withholding of Taxes and Other Deductions.....................       12
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APPENDIX A (PARTICIPANTS)
APPENDIX B (SEVERANCE BENEFITS)
APPENDIX C (AGREEMENT AND COMPLETE RELEASE)

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                                                    Key Executive Severance Plan

                                       I.
                          DEFINITIONS AND CONSTRUCTION

      1.1. DEFINITIONS. Where the following capitalized words and phrases appear
in the Plan, they have the respective meanings set forth below, unless the
context clearly indicates to the contrary.

(1)   ANNUAL COMPENSATION: The total of all compensation, including wages,
      salary, and any other benefit of monetary value, whether paid in the form
      of cash or otherwise, paid as consideration for services performed by a
      Participant for the Employer for the year, or would have been so paid at
      such Participant's usual rate of compensation if such Participant had
      worked a full year, as determined by the Plan Administrator in a manner
      consistent with the requirements of Department of Labor regulation 29
      C.F.R. Section 2510.3-2(b)(2) and the interpretative authority related
      thereto.

(2)   BOARD: The Board of Managers of the Company.

(3)   CAUSE: A determination by the Plan Administrator that a Participant has
      engaged in anyone of the following:

      (i)   Willful gross misconduct in the performance of such Participant's
            duties;

      (ii)  Willful gross neglect of such Participant's duties (other than due
            to Disability) or repeated and willful failure to follow reasonable
            instructions of the Employer; or

      (iii) A conviction or plea of guilty or nolo contendere to any felony (or
            indictable offense);

      provided, however, that "Cause" will not exist if, within thirty (30) days
      after receiving notice of a determination of Cause, the Participant cures
      such Cause to the reasonable satisfaction of the Board; provided, however,
      that no cure will be available for a conviction or plea of nolo contendere
      by the Participant to any felony (or indictable offense).

(4)   CHANGE OF CONTROL: The occurrence of anyone of the following events: (i)
      the Company is not or will not be the surviving entity in any merger,
      share exchange, or consolidation (or survives only as a subsidiary of
      another entity); (ii) the Company sells, leases, or exchanges, or agrees
      to sell, lease, or exchange, all or substantially all of its assets to any
      other person or entity; (iii) the Company is to be dissolved and
      liquidated; (iv) any person or entity, including a "group" as contemplated
      by section 13(d)(3) of the Securities Exchange Act of 1934, as amended,
      acquires or gains ownership or control (including, without limitation,
      power to vote) of more than 50% of the outstanding shares of the Company's
      voting stock (based upon voting power); or (v) as a result of or in
      connection with a contested election of the Board, the persons who were
      members of the Board before such election will cease to constitute a
      majority of the Board; provided, however, that a Change of Control will
      not include (a) any reorganization, merger, consolidation, sale, lease,
      exchange, or similar transaction that involves solely the Company and one
      or more entities wholly-owned, directly or indirectly, by the Company
      immediately prior to

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                                                    Key Executive Severance Plan

      such event or (b) the consummation of any transaction or series of
      integrated transactions immediately following which the record holders of
      the voting stock of the Company immediately prior to such transaction or
      series of transactions continue to hold 50% or more of the voting stock
      (based upon voting power) of (1) any entity that owns, directly or
      indirectly, the stock of the Company, (2) any entity with which the
      Company has merged, or (3) any entity that owns an entity with which the
      Company has merged.

(5)   COMPANY: Republic Engineered Products LLC.

(6)   DISABILITY: Either (i) a "total and permanent disability" as defined by
      the terms of the Employer's long-term disability plan or (ii) in the
      absence of such a long-term disability plan, a physical or mental
      disability that prevents the Participant from performing substantially all
      of his duties and that is expected to be permanent, as such disability and
      duration is determined by a medical doctor selected by mutual agreement
      between executive and the Company.

(7)   EFFECTIVE DATE: July 1, 2003.

(8)   ELIGIBLE EMPLOYEE: Any individual who (i) is employed by the Employer and
      (ii) has been designated by the Plan Administrator in his discretion as
      eligible to become a Participant.

(9)   EMPLOYER: The Company and each Participating Entity.

(10)  ERISA: The Employee Retirement Income Security Act of 1974, as amended.

(11)  PARTICIPANT: Each Eligible Employee who is a Participant in the Plan
      pursuant to Article II. The Participants are listed on Appendix A attached
      hereto, as such Appendix A may be amended from time to time.

(12)  PARTICIPATING ENTITY: Each subsidiary or affiliate of the Company that has
      been designated as a participating entity pursuant to Section 8.6.

(13)  PLAN: The Republic Engineered Products LLC Key Executive Severance Plan,
      as amended from time to time.

(14)  PLAN ADMINISTRATOR: The Chief Executive Officer of the Company.

(15)  QUALIFIED TERMINATION: A termination of a Participant's employment with
      the Employer and all of the Employer's affiliates, which meets all of the
      following criteria: (i) the termination is designated by the Plan
      Administrator in his discretion as a "Qualified Termination;" (ii) the
      termination is not a termination of employment as a result of such
      Participant's death or Disability; (iii) the termination is not for Cause;
      and (iv) the termination is initiated solely by the Employer and is not
      initiated in whole or in part, for any reason whatsoever, by the
      Participant.

(16)  SEVERANCE BENEFIT: A benefit payable under the Plan as determined in
      accordance with Article III.

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                                                    Key Executive Severance Plan

      1.2. NUMBER AND GENDER. Wherever appropriate herein, words used in the
singular will be considered to include the plural, and words used in the plural
will be considered to include the singular. The masculine gender, where
appearing in the Plan, will be deemed to include the feminine gender.

      1.3. HEADINGS. The headings of Articles and Sections herein are included
solely for convenience, and, if there is any conflict between such headings and
the text of the Plan, the text will control. All references to Articles,
Sections, Paragraphs, Clauses, and Subsections are to this document unless
otherwise indicated.

                                       II.
                                  PARTICIPATION

      2.1. ELIGIBILITY. Only individuals who are Eligible Employees are eligible
to become Participants in the Plan. The Plan Administrator has full and absolute
discretion to determine and select which employees of the Employer are Eligible
Employees and which of those Eligible Employees will be eligible to become
Participants.

      2.2. COMMENCEMENT OF PARTICIPATION. An Eligible Employee will become a
Participant only if and when selected to be a Participant by the Plan
Administrator in his discretion. Such selection will be made by the Plan
Administrator at any or no time and for any or no reason. The participation of a
Participant will be effective as of (and only as of) the date designated by and
in the discretion of the Plan Administrator. Each Participant will be informed
of his selection and the effective date of his participation as soon as
administratively practicable after such selection.

      2.3. TERMINATION OF PARTICIPATION. An Eligible Employee who has become a
Participant will cease to be a Participant as of the earliest of (I) the date
such Participant is no longer an Eligible Employee, (2) the date designated by
the Plan Administrator in his discretion and communicated to the affected
individual prior to the effective date of such termination of participation, and
(3) the effective date of termination of the Plan.

      2.4. RESUMPTION OF PARTICIPATION. An individual who ceases to be a
Participant in accordance with Clause (1) or (2) of Section 2.3 will again
become a Participant upon (and only upon) his again becoming an Eligible
Employee who has been selected to be a Participant and whose participation in
the Plan has commenced pursuant to Sections 2.1 and 2.2.

                                      III.
                               SEVERANCE BENEFITS

      3.1. ELIGIBILITY FOR SEVERANCE BENEFIT. Subject to the remaining Sections
of this Article, a Participant will be eligible to receive a Severance Benefit
under the Plan if (and only if) such Participant's employment with the Employer
is terminated and such termination is a Qualified Termination.

      3.2. AMOUNT OF SEVERANCE BENEFIT. Subject to the conditions stated in the
following Paragraphs and to the remaining Sections of this Article, if a
Participant is eligible to receive a

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                                                    Key Executive Severance Plan

Severance Benefit under Section 3.1, such Participant's "Severance Benefit" will
equal the total of the following payments:

            (1) Base Salary Continuation. Contingent upon the Participant
      diligently pursuing other employment after his Qualified Termination, the
      Severance Benefit under this Paragraph (1) will be a continuation of such
      Participant's base salary (determined at the salary rate in effect on the
      date of the Qualified Termination of such Participant's employment)
      payable for a number (which may be zero) of months determined for such
      Participant by the Plan Administrator in his discretion (within the limits
      set by the Board from time to time) at the time of commencement of such
      Participant's participation in the Plan, reduced by the amount that is
      paid or payable to such Participant from another employer or from
      self-employment for the same period for which the payment under this
      Paragraph is made; provided, however, that the reduction in the preceding
      sentence for the amount that is paid or payable to such Participant from
      another employer or from self-employment for the same period will not
      apply if the Participant's Qualified Termination is (i) in connection with
      a Change of Control and (ii) not for Cause. The number of months of salary
      continuation, if any, payable to a Participant under this Paragraph upon a
      Qualified Termination will be set forth on Appendix B attached hereto, and
      such Participant will be informed of such number of months at the same
      time he is informed of his selection to be a Participant in accordance
      with Section 2.2. The payments of the Severance Benefit payable to a
      Participant under this Paragraph will begin as soon as administratively
      practicable after the Participant's Qualified Termination, will be paid
      under and at the same time as the Employer's regular payroll practices,
      and will last until the expiration of the number of months designated for
      such Participant, except that such payments will stop earlier and
      immediately if and when the Plan Administrator, in his discretion,
      determines that such Participant is not diligently pursuing other
      employment opportunities, has refused any other suitable employment
      opportunity, or has not complied with a request by the Employer or Plan
      Administrator for any information with respect to any other employment or
      employment opportunity, including, without limitation, proof of earnings.

            (2) Additional Discretionary Amount. The Severance Benefit under
      this Paragraph (2) will be such additional amount, if any, as determined
      by the Plan Administrator in his sole and absolute discretion (within the
      limits set by the Board from time to time). The Plan Administrator's
      determinations pursuant to the preceding sentence will be made on a
      case-by-case basis with respect to any individual Participant or group of
      Participants. Severance Benefits under this Paragraph are completely
      discretionary and may vary among individual Participants. The Plan
      Administrator may determine that no Severance Benefit will be provided
      under this Paragraph to a Participant whose employment is subject to a
      Qualified Termination. The Plan Administrator may in his discretion impose
      one or more conditions on receipt or continued receipt of any
      Participant's Severance Benefit under this Paragraph, including, but not
      limited to, a diligent job search, cessation of benefits in the event of
      reemployment, noncompetition for a specified period of time, or any other
      condition the Plan Administrator deems appropriate. Such conditions are
      absolutely within the sole discretion of the Plan Administrator and may
      vary among individual Participants. The portion of a Participant's
      Severance Benefit payable under this Paragraph will be paid in

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                                                    Key Executive Severance Plan

      any form or forms and over any period of time determined by the Plan
      Administrator in his sole and absolute discretion. Such form or forms of
      payment include, but are not limited to, (i) cash or in-kind payments and
      (ii) lump sum or weekly, bi-weekly, monthly, quarterly, semi-annual, or
      annual installment payments. Such form and time of payment may vary among
      individual Participants as the Plan Administrator determines. If the Plan
      Administrator determines that a Participant is entitled to a Severance
      Benefit under this Paragraph, payment of such benefit will be made to such
      Participant (or commence, as applicable) as soon as administratively
      practicable after the latest of (i) the date of the affected Participant's
      Qualified Termination, (ii) the date the Plan Administrator determines
      that such Participant is entitled to such benefit, or (iii) any other date
      designated by and in the discretion of the Plan Administrator.

            (3) COBRA Premiums. If, and only if, a Participant who is entitled
      to receive a Severance Benefit under Paragraph (1) above is eligible for
      and elects COBRA continuation of coverage under the Employer group health
      plan upon his Qualified Termination, such Participant will be reimbursed,
      as the Severance Benefit payable under this Paragraph (3), for applicable
      COBRA premiums (for himself and his COBRA covered dependents) minus any
      amount the Participant would have paid for such medical coverage had the
      Participant continued in employment with the Employer. Each such payment
      will be paid to such Participant as soon as administratively practicable
      after the Plan Administrator receives notice that such COBRA premium was
      paid by such Participant, the amount of such payment, and the amount the
      Participant would have paid had he been an active employee at the time of
      such premium payment. Payments to a Participant under this Paragraph will
      cease on the earlier to occur of (i) the termination of the salary
      continuation payments to such Participant under Paragraph (1) above or
      (ii) the date of cessation of such COBRA continuation of coverage of the
      Participant (notwithstanding that a spouse or dependent of such
      Participant may continue to be covered under COBRA).

      3.3. OFFSET FOR OTHER SEVERANCE PAYMENTS. The amount of the Severance
Benefit determined in Section 3.2 for any Participant upon a Qualified
Termination will be offset and reduced in any manner deemed appropriate by the
Plan Administrator for any and all amounts paid or payable to such Participant
on account of the same termination of employment under (1) any other severance
plan, program, or policy of the Employer or any other employer, (2) any
employment agreement or severance agreement of which the Participant is a party,
or (3) any state law.

      3.4. MAXIMUM SEVERANCE BENEFIT. Plan provisions to the contrary
notwithstanding, in no event will a Severance Benefit payable under the Plan to
a Participant, when aggregated with all other payments to such Participant on
account of the same Qualified Termination under other Employer sponsored
severance plans, programs, or arrangements, exceed twice the Annual Compensation
of such Participant for the calendar year immediately preceding the calendar
year during which his Qualified Termination occurred. In addition, Plan
provisions to the contrary notwithstanding, in no event will any portion of the
Severance Benefit payable under the Plan to a Participant be payable over
greater than a 24-month period commencing on the date of such Participant's
Qualified Termination.

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                                                    Key Executive Severance Plan

      3.5. RELEASE AND FULL SETTLEMENT. As a condition to the receipt of any
Severance Benefit hereunder, a Participant will be required to execute a release
in the form required by the Plan Administrator (substantially similar to the
form attached hereto as Appendix C, modified to comply with any law applicable
to the termination or the age of the Participant at such termination) releasing
the Plan, the Plan Administrator, the Plan fiduciaries, the Employer, and the
Employer's affiliates, shareholders, partners, officers, directors, employees,
and agents from any and all claims and from any and all causes of action of any
kind or character, including, but not limited to, all claims or causes of action
arising out of such Participant's employment with the Employer, the termination
of such employment, or any actions or omissions occurring during such
employment. The performance of the Employer's and the Plan's obligations
hereunder and the receipt by such Participant of any benefits provided hereunder
will constitute full settlement of all such claims and causes of action.

                                       IV.
                            BENEFIT CLAIMS PROCEDURE

      4.1. CLAIMS FOR BENEFITS. Claims for benefits under the Plan will be
submitted and processed in accordance with this Article.

      4.2. BENEFIT CLAIMS PROCEDURE.

            4.2.1 Any Participant who is determined by the Plan Administrator to
be entitled to a Severance Benefit under the Plan is not required to file a
claim for benefits. Any individual who is not paid a benefit under the Plan and
who believes that he is entitled to a benefit, or who has been paid a benefit
under the Plan and who believes that he is entitled to a greater benefit, must
file a written claim for benefits under the Plan with the Plan Administrator
within 60 days of the date of his termination of employment with the Employer or
its affiliate. In connection with the submission of a claim, (1) the claimant
may examine the Plan and any other relevant documents relating to the claim and
may submit written comments relative to such claim to the Plan Administrator
coincident with the filing of such claim, and (2) the Plan Administrator may
require, as a condition to payment of such claim, that additional information be
furnished. Failure of a claimant to comply with such claim submission procedure
will invalidate such claim unless the Plan Administrator determines in his sole
discretion that it was not reasonably possible to comply with such claim
submission procedure. The preceding notwithstanding, the Plan Administrator may,
in his discretion, waive any or all of the provisions of this Subsection.

            4.2.2 A written notice of the disposition of a claim properly
submitted to the Plan Administrator will be furnished to the claimant within 90
days after such claim is filed with the Plan Administrator; provided, however,
that if the need for additional information relating to such claim necessitates
an extension of the 90-day period, the claimant will be informed in writing
prior to the end of the initial 90-day period of the need for an extension of
time, and written notice of the disposition of such claim will be provided to
the claimant within 180 days after the date the claim is filed with the Plan
Administrator. Such notice will (1) state the specific reason or reasons for the
denial or modification, (2) provide specific reference to pertinent provisions
of the Plan on which the denial or modification is based, (3) provide a
description of any additional material or information necessary for the claimant
to perfect the claim and an explanation of why such material or information is
necessary, and (4) describe the

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                                                    Key Executive Severance Plan

Plan's review procedures and applicable time limits, including the claimant's
right to bring a civil action under section 502(a) of ERISA.

      4.3. REVIEW OF DENIED OR MODIFIED CLAIMS. In the event a claim for
benefits is denied or modified, if the claimant, his beneficiary, or the
representative of such claimant or beneficiary desires to have such denial or
modification reviewed, he must, within 60 days following receipt of the notice
of such denial or modification, submit a written request for a review to the
Plan Administrator. A claimant, his beneficiary, or the representative of such
claimant or beneficiary will be entitled to review any documents relevant to
such denial or modification. A claimant will be entitled to submit issues and
comments in writing, which will be considered on review. Within 60 days
following such request for a review, the Plan Administrator will, after
providing a full and fair review, render its final decision in writing to the
claimant, his beneficiary, or the representative of such claimant or
beneficiary. Such notice will (1) state the specific reason or reasons for the
decision, (2) refer to the specific Plan provisions on which the decision is
based, (3) state that the claimant is entitled to receive, upon request and free
of charge, reasonable access to and copies of information relevant to the
decision, and (4) state that the claimant has the right to bring a civil action
under section 502(a) of ERISA. If special circumstances require an extension of
the 60-day period, the Plan Administrator's decision will be rendered as soon as
possible, but not later than 120 days after receipt of the request for review.
If such an extension of time for review is required, written notice of the
extension will be furnished to the claimant, his beneficiary, or the
representative of such claimant or beneficiary prior to the commencement of the
extension period, and if such an extension of time is due to the claimant's
failure to submit necessary information, the notice of extension will afford the
claimant 45 days to provide the required information, and the Plan
Administrator's deadline to make the benefit determination on review will be
tolled from the date the Plan Administrator sends the notice of extension to the
date the Plan Administrator receives the requested information. The decision on
review by the Plan Administrator will be binding and conclusive upon all
persons.

      4.4. EXHAUSTION OF ADMINISTRATIVE REMEDIES. Completion of the claims
procedures described in this Article is a condition precedent to the
commencement of any legal or equitable action in connection with a claim for
benefits under the Plan by an employee of the Employer or its affiliate or by
any other person or entity claiming rights individually or through an employee
of the Employer or its affiliate; provided, however, that the Plan Administrator
may, in his sole discretion, waive compliance with such claims procedures as a
condition precedent to any such action.

                                       V.
                                 FUNDING OF PLAN

      5.1. FUNDING OF PLAN. The Plan will be unfunded, and benefits provided
hereunder will be paid from the general assets of the Employer.

      5.2. NO PARTICIPANT CONTRIBUTIONS. The entire cost of the Plan will be
paid by the Employer, and no contributions will be required of, or permitted by,
Participants.

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                                                    Key Executive Severance Plan

                                       VI.
                             ADMINISTRATION OF PLAN

      6.1. PLAN ADMINISTRATOR. The general administration of the Plan will be
vested in the Plan Administrator. For purposes of ERISA, the Plan Administrator
will be the "administrator" and the "named fiduciary" with respect to the
general administration of the Plan.

      6.2. RIGHT TO DELEGATE. The Plan Administrator may from time to time
allocate to one or more of the Employer's officers, employees, or agents, and
may delegate to any other person or organization, any of his respective powers,
duties, and responsibilities with respect to the operation and administration of
the Plan, including, without limitation, the administration of claims, the
authority to authorize payment of benefits, the review of denied or modified
claims, and the discretion to decide matters of fact and to interpret Plan
provisions. In addition, the Plan Administrator may employ persons to render
advice with regard to any fiduciary responsibility held hereunder and may
authorize any person to whom any of its fiduciary responsibilities have been
delegated to employ persons to render such advice. Upon such designation and
acceptance, the Plan Administrator will have no liability for the acts or
omissions of any such designee as long as the Plan Administrator did not violate
his fiduciary responsibility, if any, in making or continuing such designation.
All allocations and delegations of fiduciary responsibility will be terminable
upon such notice as the Plan Administrator in his discretion deems reasonable
and prudent under the circumstances.

      6.3. DISCRETION TO INTERPRET PLAN. The Plan Administrator has absolute
discretion to construe and interpret any and all provisions of the Plan and to
decide all matters of fact in determining eligibility and granting or denying
benefit claims, including, but not limited to, the discretion to resolve
ambiguities, inconsistencies, or omissions conclusively. The decisions of the
Plan Administrator upon all matters within the scope of its authority will be
binding and conclusive upon all persons.

      6.4. POWERS AND DUTIES. In addition to the powers described in Section 6.3
and all other powers specifically granted under the Plan, the Plan Administrator
has all powers necessary or proper to administer the Plan and to discharge its
duties under the Plan, including, but not limited to, the following powers:

            (1) To make and enforce such rules, regulations, and procedures as
      he may deem necessary or proper for the orderly and efficient
      administration of the Plan;

            (2) In his discretion, to interpret and decide all matters of fact
      in granting or denying benefits under the Plan, his interpretation and
      decision thereof to be final and conclusive on all persons claiming
      benefits under the Plan;

            (3) In his discretion, to decide all questions concerning the Plan
      and the eligibility of any person to participate in the Plan, his decision
      thereof to be final and conclusive on all persons;

            (4) In his discretion, to make a determination as to the right of
      any person to a benefit under the Plan (including, without limitation, to
      determine whether and when

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                                                    Key Executive Severance Plan

      there has been a termination of a Participant's employment and the cause
      of such termination), his decision thereof to be final and conclusive on
      all persons;

            (5) In his discretion, to determine the amount, form, and conditions
      of any Severance Benefit under the Plan, and to authorize or deny the
      payment of benefits under the Plan, his decision thereof to be final and
      conclusive on all persons;

            (6) To prepare and distribute information explaining the Plan;

            (7) To obtain from the Employer and employees of the Employer such
      information as is necessary for the proper administration of the Plan; and

            (8) To sue or cause suit to be brought in the name of the Plan.

      6.5. EXPENSES. The reasonable expenses incident to the administration of
the Plan, including without limitation the compensation of legal counsel,
advisors, and other technical or clerical assistance as may be required, the
payment of any bond or security, and any other expenses incidental to the
operation of the Plan, that the Plan Administrator determines are proper will be
paid by the Employer. Expenses of the Plan may be prorated among the Company,
Participating Entities, and affiliates as determined by the Plan Administrator.

      6.6. INDEMNIFICATION. The Company will indemnify and hold harmless the
Plan Administrator, each employee of the Employer, and each member of the Board
against any and all expenses and liabilities arising out of such individual's
Plan administrative functions or fiduciary responsibilities, including, without
limitation, any expenses and liabilities that are caused by or result from an
act or omission constituting the negligence of such individual in the
performance of such functions or responsibilities, but excluding expenses and
liabilities arising out of such individual's own gross negligence or willful
misconduct. Expenses against which such person will be indemnified hereunder
include, without limitation, the amounts of any settlement or judgment, costs,
counsel fees, and related charges reasonably incurred in connection with a claim
asserted or a proceeding brought or settlement thereof.

                                      VII.
                            AMENDMENT AND TERMINATION

      7.1. RIGHT TO AMEND PLAN. Notwithstanding any provision(s) of any other
communication, either oral or written, made by the Employer, the Plan
Administrator, or any other individual or entity to employees of the Employer or
to any other individual or entity, the Company, by action of the Board, reserves
the absolute and unconditional right to amend the Plan from time to time on
behalf of the Company and each Participating Entity, including, but not limited
to, the right to reduce or eliminate benefits provided pursuant to the
provisions of the Plan as such provisions currently exist or may hereafter
exist; provided, however, that no amendment will be made that would reduce the
amount of any Severance Benefit for any Participant if such Participant has
incurred a Qualified Termination and has been determined by the Plan
Administrator to be entitled to such Severance Benefit under the Plan on or
prior to the effective date of such amendment, except to the extent such
Severance Benefit could be reduced under the terms of the Plan prior to such
amendment. All amendments to the Plan must be in writing and signed by an
authorized officer of the Company and adopted by the Board (which

                                     - 9 -
<PAGE>

                                                    Key Executive Severance Plan

Board action may be prior to the effective date of the amendment or subsequent
to the effective date of the amendment by ratification). Any oral statements or
representations made by the Employer, the Plan Administrator, or any other
individual or entity that alter, modify, amend, or are inconsistent with the
written terms of the Plan will be invalid and unenforceable and may not be
relied upon by any employee of the Employer or by any other individual or
entity.

      7.2. RIGHT TO TERMINATE PLAN. Notwithstanding any provision(s) of any
other communication, either oral or written, made by the Employer, the Plan
Administrator, or any other individual or entity to employees of the Employer or
to any other individual or entity, the Company, by action of the Board, reserves
the absolute and unconditional right to terminate the Plan, in whole or in part,
on behalf of the Company and each Participating Entity with respect to some or
all of the employees of the Employer; provided, however, that no termination
will reduce the amount of any Severance Benefit for any Participant if such
Participant has incurred a Qualified Termination and has been determined by the
Plan Administrator to be entitled to such Severance Benefit under the Plan on or
prior to the effective date of such termination, except to the extent such
Severance Benefit Could be reduced under the terms of the Plan prior to such
termination.

      7.3. EFFECT OF AMENDMENT OR TERMINATION. In the event of an amendment to
or termination of the Plan as provided under this Article, each Participant will
have no further rights hereunder, and the Employer will have no further
obligations hereunder, except as otherwise specifically provided under the terms
of the Plan as amended.

                                      VIII.
                            MISCELLANEOUS PROVISIONS

      8.1. NO GUARANTEE OF EMPLOYMENT. Neither the Plan nor any provisions
contained in the Plan will be construed to be a contract between the Employer
and any employee of the Employer or to be consideration for, or an inducement
of, the employment of any individual by the Employer. Nothing contained in the
Plan grants any individual the right to be retained in the service of the
Employer or limits in any way the right of the Employer to discharge or to
terminate the service of any employee at any time, without regard to the effect
such discharge or termination may have on any rights under the Plan.

      8.2. PAYMENTS TO MINORS AND INCOMPETENTS. If a Participant entitled to
receive any benefits under the Plan is a minor, is determined by the Plan
Administrator in his sole discretion to be incompetent, or is adjudged by a
court of competent jurisdiction to be legally incapable of giving valid receipt
and discharge for benefits provided under the Plan, the Plan Administrator may
pay such benefits to the duly appointed guardian or conservator of such person
or to any third party who is eligible, as determined in the discretion of the
Plan Administrator, to receive any benefit under the Plan for the account of
such Participant. Such payment will operate as a full discharge of all
liabilities and obligations of the Employer, the Plan Administrator, and each
fiduciary under the Plan with respect to such benefits.

      8.3. NO VESTED RIGHT TO BENEFITS. No employee of the Employer or its
affiliate or person claiming through such employee will have any right to, or
interest in, any benefits

                                     - 10 -
<PAGE>

                                                    Key Executive Severance Plan

provided under the Plan upon termination of his employment, retirement,
termination of Plan participation (if applicable), or otherwise, except as
specifically provided under the Plan.

      8.4. NONALIENATION OF BENEFITS. Except as the Plan Administrator may
otherwise permit by rule or regulation, (1) no interest in or benefit payable
under the Plan will be subject in any manner to anticipation, alienation, sale,
transfer, assignment, pledge, encumbrance, or charge, and any action by a
Participant to anticipate, alienate, sell, transfer, assign, pledge, encumber,
or charge the same will be void and of no effect, and (2) no interest in or
benefit payable under the Plan will be in any way subject to any legal or
equitable process, including, but not limited to, garnishment, attachment, levy,
seizure, or the lien of any person. This provision will be construed to provide
each Participant, or other person claiming any interest or benefit in the Plan
through a Participant, with the maximum protection against alienation,
encumbrance; and any legal and equitable process, including, but not limited to,
attachment, garnishment, levy, seizure, or other lien, afforded his interest in
the Plan (and the benefits provided thereunder) by law and any applicable
regulations.

      8.5. UNKNOWN WHEREABOUTS. It will be the affirmative duty of each Eligible
Employee and each Participant to inform the Plan Administrator (or its delegate)
of, and to keep on file with the Plan Administrator, his current mailing
address. If an Eligible Employee or a Participant fails to inform the Plan
Administrator of his current mailing address, neither the Plan Administrator nor
the Employer will be responsible for any late payment or loss of benefits or for
failure of any notice to be provided or provided timely under the terms of the
Plan to such individual.

      8.6. OTHER PARTICIPATING ENTITIES. The Company may designate any affiliate
of the Company that is eligible by law to participate in the Plan as a
Participating Entity by written instrument delivered to such designated
affiliate and to the Secretary of the Company. Such written instrument will
specify the effective date of such designated participation, may incorporate
specific provisions relating to the operation of the Plan that apply to the
designated Participating Entity only, and will become, as to such designated
Participating Entity and its employees, a part of the Plan. Each designated
Participating Entity will be conclusively presumed to have consented to its
designation and to have agreed to be bound by the terms of the Plan and any and
all amendments thereto upon its submission of information to the Company, the
Board, or the Plan Administrator required by the terms of or with respect to the
Plan; provided, however, that the terms of the Plan may be modified so as to
increase the obligations of a Participating Entity only with the consent of such
Participating Entity, which consent will be conclusively presumed to have been
given by such Participating Entity upon its submission of any information to the
Company, the Board, or the Plan Administrator required by the terms of or with
respect to the Plan. Except as modified by the Company in its written
instrument, the provisions of the Plan will apply separately and equally to each
Participating Entity and its employees in the same manner as is expressly
provided for the Company and its employees, except that the power to amend or
terminate the Plan will be exercised by the Company (by action of the Board)
alone. Transfer of employment among the Company and Participating Entities will
not be considered a termination of employment hereunder. Any Participating
Entity may, by appropriate action of its board of directors or noncorporate
counterpart and written notice to the Company, terminate its participation in
the Plan. Moreover, the Company may by

                                     - 11 -
<PAGE>

                                                    Key Executive Severance Plan

written notice to the Participating Entity, terminate a Participating Entity's
Plan participation at any time.

      8.7. JURISDICTION. Except to the extent that ERISA or any other federal
law applies to the Plan and preempts state law, the Plan will be construed,
enforced, and administered according to the laws of the state of Ohio.

      8.8. SEVERABILITY. In case any provision of the Plan is held to be
illegal, invalid, or unenforceable for any reason, such illegal, invalid, or
unenforceable provision will not affect the remaining provisions of the Plan,
but the Plan will be construed and enforced as if such illegal, invalid, or
unenforceable provision had not been included therein.

      8.9. NOTICE AND FILING. Any notice, administrative form, or other
communication required to be provided to, delivered to, or filed under the terms
of the Plan will include provision to, delivery to, or filing with any person or
entity designated in writing by the intended recipient to be an agent for the
disbursement and receipt of administrative forms and communications. Except as
otherwise provided herein, where such provision, delivery, or filing is
required, such provision, delivery, or filing will be deemed to have occurred
only (1) upon actual receipt of such notice, administrative form, or other
communication by the intended recipient or his designated agent or (2) on the
third business day after mailing by certified mail, return receipt requested.

      8.10. PLAN YEAR. The Plan will operate on a "plan year" consisting of each
12-consecutive-month period commencing on January 1 of each year.

      8.11. INCORRECT INFORMATION, FRAUD, CONCEALMENT, OR ERROR. Any contrary
provisions of the Plan notwithstanding, in the event the Plan, a Plan fiduciary,
or the Employer pays a benefit, incurs a liability for failure to so pay a
benefit, or makes any overpayment or erroneous payment to any individual or
entity because of a human or systems error or because of incorrect information
provided by, correct information failed to be provided by, or fraud,
misrepresentation, or concealment of any relevant fact (determined in the sole
opinion of the Plan Administrator) by any Participant or other individual, the
Plan Administrator will be entitled to recover in any manner deemed necessary or
appropriate for such recovery (in the sole opinion of the Plan Administrator)
from such Participant or other individual such benefit paid or the amount of
such liability incurred and any and all expenses incidental to or necessary for
such recovery. Human or systems error or omission will not affect in any way the
amount of a benefit to which such Participant is otherwise entitled under the
terms of the Plan.

      8.12. WITHHOLDING OF TAXES AND OTHER DEDUCTIONS. All payments made under
the Plan are subject to (1) all federal, state, city, and other taxes and
applicable withholding as may be required pursuant to any law or governmental
regulation or ruling and (2) all other deductions for any amounts owed to the
Employer.

                                     - 12 -
<PAGE>

                                                    Key Executive Severance Plan

      EXECUTED this 24th day of June, 2003.

                                    REPUBLIC ENGINEERED PRODUCTS LLC

                                    By: /s/ John A. Willoughby
                                    Printed Name: John A. Willoughby
                                    Title:  Vice President, Human Resources and
                                            Corporate Relations

                                     - 13 -
<PAGE>

                                                    Key Executive Severance Plan

                                   APPENDIX A

<TABLE>
<CAPTION>
   PARTICIPANT                       EFFECTIVE DATE OF PARTICIPATION
-----------------                    -------------------------------
<S>                                  <C>
John Asimou                          July 1, 2003
Charles Cochran                      July 1, 2003
Thomas Fee                           July 1, 2003
John George                          July 1, 2003
Noel Huettich                        July 1, 2003
Joseph Kaczka                        July 1, 2003
James Kuntz                          July 1, 2003
James T. Thielens                    July 1, 2003
John Willoughby                      July 1, 2003
</TABLE>

<PAGE>

                                                    Key Executive Severance Plan

                                   APPENDIX B

<TABLE>
<CAPTION>
                                       NUMBER OF MONTHS OF SEVERANCE
  PARTICIPANT                                     BENEFIT
-----------------                      -----------------------------
<S>                                    <C>
John Asimou                            12 months
Charles Cochran                        12 months
Thomas Fee                             12 months
John George                            12 months
Noel Huettich                          12 months
Joseph Kaczka                          12 months
James Kuntz                            12 months
James T. Thielens                      12 months
John Willoughby                        12 months
</TABLE>

<PAGE>

                                                    Key Executive Severance Plan

                                   APPENDIX C

                         AGREEMENT AND COMPLETE RELEASE

<PAGE>

                         ACTION BY PLAN ADMINISTRATOR OF
         REPUBLIC ENGINEERED PRODUCTS, INC. KEY EXECUTIVE SEVERANCE PLAN

                          DESIGNATION OF PARTICIPATION

      WHEREAS, Republic Engineered Products, Inc. (the "Company") sponsors and
maintains the Republic Engineered Products, Inc. Key Executive Severance Plan
(the "Plan"); and

      WHEREAS, the Chief Executive Officer of the Company is the "Plan
Administrator" of the Plan; and

      WHEREAS, Section 1.1(8) of the Plan provides that the Plan Administrator
has the full and absolute discretion to designate which employees of the Company
are "Eligible Employees" for purposes of the Plan; and

      WHEREAS, Section 2.2 of the Plan provides that the Plan Administrator has
the full and absolute discretion to designate which of the Eligible Employees
will become "Participants" in the Plan; and

      WHEREAS, Section 3.2(1) of the Plan provides that the Plan Administrator
has the full and absolute discretion to determine for each Participant the
number of months oa a "Severance Benefit" to which such Participant may, under
certain circumstances and subject to restrictions and conditions stated in the
Plan, become entitled Under the Plan; and

      WHEREAS, the Plan Administrator wishes to designate certain key employees
of the Company as "Eligible Employees" and "Participants" in the Plan, effective
as of February 18, 2004, and hereby designates the number of months of
"Severance Benefit" for the Participant:

      NOW, THEREFORE, effective as of as of February 18, 2004:

      1.    The Plan Administrator hereby designates Gregory M. Paolini to be an
            "Eligible Employee" and "Participant" in the Plan with 6 months of
            "Severance Benefit".

      2.    The Participant's participation in, and entitlement to benefits
            under, the Plan shall be governed by all the terms, conditions, and
            restrictions of the Plan.

      EXECUTED on this twenty-sixth day of February 2004.

                                     PLAN ADMINISTRATOR

                                     /s/ Joseph F. Lapinsky
                                     -------------------------------------------
                                     Joseph F. Lapinsky, Chief Executive Officer

<PAGE>

                         ACTION BY PLAN ADMINISTRATOR OF
         REPUBLIC ENGINEERED PRODUCTS, INC. KEY EXECUTIVE SEVERANCE PLAN

                          DESIGNATION OF PARTICIPATION

      WHEREAS, Republic Engineered Products, Inc. (the "Company") sponsors and
maintains the Republic Engineered Products, Inc. Key Executive Severance Plan
(the "Plan"); and

      WHEREAS, the Chief Executive Officer of the Company is the "Plan
Administrator" of the Plan; and

      WHEREAS, Section 1.1(8) of the Plan provides that the Plan Administrator
has the full and absolute discretion to designate which employees of the Company
are "Eligible Employees" for purposes of the Plan; and

      WHEREAS, Section 2.2 of the Plan provides that the Plan Administrator has
the full and absolute discretion to designate which of the Eligible Employees
will become "Participants" in the Plan; and

      WHEREAS, Section 3.2(1) of the Plan provides that the Plan Administrator
has the full and absolute discretion to determine for each Participant the
number of months oa a "Severance Benefit" to which such Participant may, under
certain circumstances and subject to restrictions and conditions stated in the
Plan, become entitled under the Plan; and

      WHEREAS, the Plan Administrator wishes to designate certain key employees
of the Company as "Eligible Employees" and "Participants" in the Plan, effective
as of February 18, 2004, and hereby designates the number of months of
"Severance Benefit" for the Participant:

      NOW, THEREFORE, effective as of as of February 18, 2004:

      1.    The Plan Administrator hereby designates George F. Strickler to be
            an "Eligible Employee" and "Participant" in the Plan with 12 months
            of "Severance Benefit".

      2.    The Participant's participation in, and entitlement to benefits
            under, the Plan shall be governed by all the terms, conditions, and
            restrictions of the Plan.

      EXECUTED on this nineteenth day of February 2004.

                                     PLAN ADMINISTRATOR

                                     /s/ Joseph F. Lapinsky
                                     -------------------------------------------
                                     Joseph F. Lapinsky, Chief Executive Officer

<PAGE>

                                AMENDMENT TO THE
          REPUBLIC ENGINEERED PRODUCTS LLC KEY EXECUTIVE SEVERANCE PLAN

                            ASSUMPTION OF SPONSORSHIP

      WHEREAS, Republic Engineered Products, Inc. (the "Company") in connection
with the purchase of substantially all the assets of Republic Engineered
Products LLC ("REP LLC") and the associated transfer of employment of all
participants in the Republic Engineered Products LLC Key Executive Severance
Plan (the "Plan"); and

      WHEREAS, the Company desires to assume sponsorship of the Plan;

      NOW, THEREFORE, effective as of as of December 19, 2003:

      1.    The Company hereby assumes sponsorship of the Plan and all of its
            associated liabilities, as an uninterrupted continuance of the Plan.

      2.    All direct and indirect references to REP LLC in the Plan shall be
            considered to be references to the Company.

      3.    The name of the Plan is changed hereby to the Republic Engineered
            Products, Inc. Key Executive Severance Plan.

      4.    To the extent necessary, this document shall constitute an amendment
            of the Plan.

      EXECUTED on this nineteenth day of February 2004.

                                              REPUBLIC ENGINEERED PRODUCTS, INC.

                                              By: /s/ Joseph F. Lapinsky
                                                  ------------------------------
                                                  Joseph F. Lapinsky<PAGE>

                                                                   EXHIBIT 10.17

                        REPUBLIC ENGINEERED PRODUCTS LLC
                    RETIREMENT AND CAPITAL ACCUMULATION PLAN

                         EFFECTIVE DATE: AUGUST 16, 2002

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

                                TABLE OF CONTENTS

<TABLE>
<S>                                                                                                                  <C>
ARTICLE I -- DEFINITIONS.........................................................................................     2
         1.1      Plan Definitions...............................................................................     2
         1.2      Interpretation.................................................................................     8

ARTICLE II -- SERVICE............................................................................................     9
         2.1      Special Definitions............................................................................     9
         2.2      Crediting of Hours of Service..................................................................     9
         2.3      Limitations on Crediting of Hours of Service...................................................    10
         2.4      Department of Labor Rules......................................................................    11
         2.5      Eligibility Service............................................................................    11
         2.6      Years of Vesting Service.......................................................................    11
         2.7      Crediting of Hours of Service with Respect to Short Computation Periods........................    11
         2.8      Crediting of Service on Transfer or Amendment..................................................    12
         2.9      Crediting of Service to Leased Employees.......................................................    12

ARTICLE III -- ELIGIBILITY.......................................................................................    14
         3.1      Eligibility....................................................................................    14
         3.2      Transfers of Employment........................................................................    14
         3.3      Reemployment...................................................................................    14
         3.4      Notification Concerning New Eligible Employees.................................................    14
         3.5      Effect and Duration............................................................................    14

ARTICLE IV -- TAX-DEFERRED CONTRIBUTIONS.........................................................................    15
         4.1      Tax-Deferred Contributions.....................................................................    15
         4.2      Amount of Tax-Deferred Contributions...........................................................    15
         4.3      Amendments to Reduction Authorization..........................................................    15
         4.4      Suspension of Tax-Deferred Contributions.......................................................    15
         4.5      Resumption of Tax-Deferred Contributions.......................................................    16
         4.6      Delivery of Tax-Deferred Contributions.........................................................    16
         4.7      Vesting of Tax-Deferred Contributions..........................................................    16

ARTICLE V -- AFTER-TAX AND ROLLOVER CONTRIBUTIONS................................................................    17
         5.1      No After-Tax Contributions.....................................................................    17
         5.2      Rollover Contributions.........................................................................    17
         5.3      Vesting of Rollover Contributions..............................................................    17

ARTICLE VI -- EMPLOYER CONTRIBUTIONS.............................................................................    18
         6.1      Contribution Period............................................................................    18
         6.2      Profit-Sharing Contributions...................................................................    18
         6.3      Allocation of Profit-Sharing Contributions.....................................................    21
         6.4      Qualified Nonelective Contributions............................................................    21
</TABLE>

                                        i

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

<TABLE>
<S>                                                                                                                  <C>
         6.5      Allocation of Qualified Nonelective Contributions..............................................    22
         6.6      Amount and Allocation of Matching Contributions................................................    22
         6.7      Limit on Tax-Deferred Contributions Matched....................................................    23
         6.8      Qualified Matching Contributions...............................................................    23
         6.9      Verification of Amount of Employer Contributions by the Sponsor................................    23
         6.10     Payment of Employer Contributions..............................................................    23
         6.11     Allocation Requirements for Employer Contributions.............................................    23
         6.12     Vesting of Employer Contributions..............................................................    24
         6.13     Election of Former Vesting Schedule............................................................    24
         6.14     Forfeitures to Reduce Employer Contributions...................................................    24

ARTICLE VII -- LIMITATIONS ON CONTRIBUTIONS......................................................................    25
         7.1      Definitions....................................................................................    25
         7.2      Code Section 402(g) Limit......................................................................    28
         7.3      Distribution of Excess Deferrals...............................................................    29
         7.4      Limitation on Tax-Deferred Contributions of Highly Compensated Employees.......................    29
         7.5      Determination and Allocation of Excess Tax-Deferred Contributions Among Highly
                  Compensated Employees..........................................................................    31
         7.6      Distribution of Excess Tax-Deferred Contributions..............................................    32
         7.7      Limitation on Matching Contributions of Highly Compensated Employees...........................    32
         7.8      Determination and Allocation of Excess Matching Contributions Among Highly Compensated
                  Employees......................................................................................    33
         7.9      Distribution of Excess Contributions...........................................................    34
         7.10     Multiple Use Limitation........................................................................    34
         7.11     Treatment of Forfeited Matching Contributions..................................................    35
         7.12     Determination of Income or Loss................................................................    35
         7.13     Code Section 415 Limitations on Crediting of Contributions and Forfeitures.....................    35
         7.14     Application of Code Section 415 Limitations Where Participant is Covered Under Other
                  Qualified Defined Contribution Plan............................................................    36
         7.15     Scope of Limitations...........................................................................    37

ARTICLE VIII -- TRUST FUNDS AND ACCOUNTS.........................................................................    38
         8.1      General Fund...................................................................................    38
         8.2      Investment Funds...............................................................................    38
         8.3      Loan Investment Fund...........................................................................    38
         8.4      Default Investment Fund........................................................................    38
         8.5      Income on Trust................................................................................    38
         8.6      Accounts.......................................................................................    39
         8.7      Sub-Accounts...................................................................................    39

ARTICLE IX -- LIFE INSURANCE CONTRACTS...........................................................................    40
         9.1      No Life Insurance Contracts....................................................................    40
</TABLE>

                                       ii

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

<TABLE>
<S>                                                                                                                  <C>
ARTICLE X -- DEPOSIT AND INVESTMENT OF CONTRIBUTIONS.............................................................    41
         10.1     Future Contribution Investment Elections.......................................................    41
         10.2     Deposit of Contributions.......................................................................    41
         10.3     Election to Transfer Between Funds.............................................................    41
         10.4     404(c) Protection..............................................................................    41

ARTICLE XI -- CREDITING AND VALUING ACCOUNTS.....................................................................    42
         11.1     Crediting Accounts.............................................................................    42
         11.2     Valuing Accounts...............................................................................    42
         11.3     Plan Valuation Procedures......................................................................    42
         11.4     Finality of Determinations.....................................................................    43
         11.5     Notification...................................................................................    43

ARTICLE XII -- LOANS.............................................................................................    44
         12.1     Application for Loan...........................................................................    44
         12.2     Reduction of Account Upon Distribution.........................................................    44
         12.3     Requirements to Prevent a Taxable Distribution.................................................    44
         12.4     Administration of Loan Investment Fund.........................................................    46
         12.5     Default........................................................................................    46
         12.6     Deemed Distribution Under Code Section 72(p)...................................................    47
         12.7     Treatment of Outstanding Balance of Loan Deemed Distributed Under Code Section 72(p)...........    47
         12.8     Special Rules Applicable to Loans..............................................................    47

ARTICLE XIII -- WITHDRAWALS WHILE EMPLOYED.......................................................................    49
         13.1     Non-Hardship Withdrawals of Rollover Contributions.............................................    49
         13.2     Age 59 1/2 Withdrawals.........................................................................    49
         13.3     Overall Limitations on Non-Hardship Withdrawals................................................    49
         13.4     Hardship Withdrawals...........................................................................    49
         13.5     Hardship Determination.........................................................................    50
         13.6     Satisfaction of Necessity Requirement for Hardship Withdrawals.................................    50
         13.7     Conditions and Limitations on Hardship Withdrawals.............................................    51
         13.8     Order of Withdrawal from a Participant's Sub-Accounts..........................................    51

ARTICLE XIV -- TERMINATION OF EMPLOYMENT AND SETTLEMENT DATE.....................................................    52
         14.1     Termination of Employment and Settlement Date..................................................    52
         14.2     Disposition of Non-Vested Amounts..............................................................    52
         14.3     Treatment of Forfeited Amounts.................................................................    52
         14.4     Recrediting of Forfeited Amounts...............................................................    53

ARTICLE XV -- DISTRIBUTIONS......................................................................................    54
         15.1     Distributions to Participants..................................................................    54
         15.2     Partial Distributions to Retired or Terminated Participants....................................    54
         15.3     Distributions to Beneficiaries.................................................................    54
</TABLE>

                                      iii

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

<TABLE>
<S>                                                                                                                  <C>
         15.4     Cash Outs and Participant Consent..............................................................    55
         15.5     Required Commencement of Distribution..........................................................    55
         15.6     Reemployment of a Participant..................................................................    55
         15.7     Restrictions on Alienation.....................................................................    55
         15.8     Facility of Payment............................................................................    56
         15.9     Inability to Locate Payee......................................................................    56
         15.10    Distribution Pursuant to Qualified Domestic Relations Orders...................................    56

ARTICLE XVI -- FORM OF PAYMENT...................................................................................    57
         16.1     Form of Payment................................................................................    57
         16.2     Direct Rollover................................................................................    57
         16.3     Notice Regarding Forms of Payment..............................................................    58

ARTICLE XVII -- BENEFICIARIES....................................................................................    59
         17.1     Designation of Beneficiary.....................................................................    59
         17.2     Spousal Consent Requirements...................................................................    59

ARTICLE XVIII -- ADMINISTRATION..................................................................................    60
         18.1     Authority of the Sponsor.......................................................................    60
         18.2     Discretionary Authority........................................................................    60
         18.3     Action of the Sponsor..........................................................................    60
         18.4     Claims Review Procedure........................................................................    61
         18.5     Qualified Domestic Relations Orders............................................................    62
         18.6     Indemnification................................................................................    62
         18.7     Actions Binding................................................................................    62

ARTICLE XIX -- AMENDMENT AND TERMINATION.........................................................................    63
         19.1     Amendment......................................................................................    63
         19.2     Limitation on Amendment........................................................................    63
         19.3     Termination....................................................................................    63
         19.4     Reorganization.................................................................................    64

ARTICLE XX --ADOPTION BY OTHER ENTITIES..........................................................................    65
         20.1     No Adoption....................................................................................    65

ARTICLE XXI -- MISCELLANEOUS PROVISIONS..........................................................................    66
         21.1     No Commitment as to Employment.................................................................    66
         21.2     Benefits.......................................................................................    66
         21.3     No Guarantees..................................................................................    66
         21.4     Expenses.......................................................................................    66
         21.5     Precedent......................................................................................    66
         21.6     Duty to Furnish Information....................................................................    66
         21.7     Merger, Consolidation, or Transfer of Plan Assets..............................................    67
         21.8     Back Pay Awards................................................................................    67
         21.9     Condition on Employer Contributions............................................................    67
</TABLE>

                                       iv

<PAGE>

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<TABLE>
<S>                                                                                                                  <C>
         21.10    Return of Contributions to an Employer.........................................................    67
         21.11    Validity of Plan...............................................................................    68
         21.12    Trust Agreement................................................................................    68
         21.13    Parties Bound..................................................................................    68
         21.14    Application of Certain Plan Provisions.........................................................    68
         21.15    Merged Plans...................................................................................    69
         21.16    Transferred Funds..............................................................................    69
         21.17    Veterans Reemployment Rights...................................................................    69
         21.18    Delivery of Cash Amounts.......................................................................    69
         21.19    Written Communications.........................................................................    69

ARTICLE XXII -- TOP-HEAVY PROVISIONS.............................................................................    70
         22.1     Definitions....................................................................................    70
         22.2     Applicability..................................................................................    72
         22.3     Minimum Employer Contribution..................................................................    72
         22.4     Accelerated Vesting............................................................................    73
</TABLE>

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                                    PREAMBLE

The Plan established hereunder, to be known as the Republic Engineered Products
LLC Retirement and Capital Accumulation Plan, is intended to qualify as a
profit-sharing plan under Code Section 401(a), and includes a cash or deferred
arrangement that is intended to qualify under Code Section 401(k). The Plan is
established and maintained for the exclusive benefit of eligible employees and
their beneficiaries. This Plan shall be effective as of August 16, 2002.

Any sample amendment adopted by the Sponsor for purposes of complying with
EGTRRA shall continue in effect after the effective date of the Plan.

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                            ARTICLE I -- DEFINITIONS

1.1   PLAN DEFINITIONS

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

An "ACCOUNT" means the account maintained by the Trustee in the name of a
Participant that reflects his interest in the Trust and any Sub-Accounts
maintained thereunder, as provided in Article VIII.

The "ADMINISTRATOR" means the Sponsor unless the Sponsor designates another
person or persons to act as such.

An "AFTER-TAX CONTRIBUTION" means any after-tax employee contribution made by a
Participant to the Plan as may be permitted under Article V or any after-tax
employee contribution made by a Participant to another plan that is transferred
directly to the Plan.

The "BENEFICIARY" of a Participant means the person or persons entitled under
the provisions of the Plan to receive distribution hereunder in the event the
Participant dies before receiving distribution of his entire interest under the
Plan.

A Participant's "BENEFIT PAYMENT DATE" means the first day on which all events
have occurred which entitle the Participant to receive payment of his benefit.

A "BREAK IN SERVICE" means any "COMPUTATION PERIOD" (as defined in Section 2.1
for purposes of determining years of Vesting Service) during which a person
completes fewer than 501 Hours of Service except that no person shall incur a
Break in Service solely by reason of temporary absence from work not exceeding
12 months resulting from illness, layoff, or other cause if authorized in
advance by an Employer or a Related Company pursuant to its uniform leave
policy, if his employment shall not otherwise be terminated during the period of
such absence.

The "CODE" means the Internal Revenue Code of 1986, as amended from time to
time. Reference to a Code section includes such section and any comparable
section or sections of any future legislation that amends, supplements, or
supersedes such section.

"COMPENSATION" means:

(a)   with respect to a salaried Participant who is not represented for purposes
      of collective bargaining for any period means the total compensation,
      excluding any non-cash compensation, paid to him or that would be paid to
      him for such period for services as an Employee.

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      Notwithstanding the foregoing, Compensation shall not include the
following:

      *     bonuses.

      *     amounts .resulting from any cost of living provision and all items
            exceeding straight time pay or base salary for the job, such as
            management variable compensation programs, performance award
            programs, pay for vacation not taken, and contributions to any
            benefit plan. Other extraordinary items are excluded even if not
            similar to the preceding.

(b)   With respect to a Participant who is represented for purposes of
      collective bargaining by the International Union of United Plant Guard
      Workers of America and its Amalgamated Local 67 UPGWA and the Bricklayers
      and Allied Craftsmen, Local No. 6, the wages as defined in Code Section
      3401(a), determined without regard to any rules that limit compensation
      included in wages based on the nature or location of the employment or
      services performed, and all other payments made to him for such period for
      services as an Employee for which his Employer is required to furnish the
      Participant a written statement under Code Sections 604l(d), 6051(a)(3),
      and 6052 (commonly referred to as W-2 earnings), but excluding severance
      allowance payments.

In addition to the foregoing, Compensation includes any amount that would have
been included in the foregoing description, but for the Participant's election
to defer payment of such amount under Code Section 125, 402(e)(3), 402(h)(1)(B),
403(b), or 457(b) and certain contributions described in Code Section 414(h)(2)
that. are picked up by the employing unit and treated as employer contributions.
Effective for Plan Years beginning on and after January 1, 2001, Compensation
shall also include any amount that is not included in the Participant's taxable
gross income pursuant to Code Section 132(f).

In no event, however, shall the Compensation of a Participant taken into account
under the Plan for any Plan Year exceed $150,000 (subject to adjustment annually
as provided in Code Sections 401(a)(17)(B) and 415(d); provided, however, that
the dollar increase in effect on January 1 of any calendar year, if any, is
effective for Plan Years beginning in such calendar year). If the Compensation
of a Participant is determined over a period of time that contains fewer than 12
calendar months, then the annual compensation limitation described above shall
be adjusted with respect to that Participant by multiplying the annual
compensation limitation in effect for the Plan Year by a fraction the numerator
of which is the number of full months in the period and the denominator of which
is 12; provided, however, that no proration is required for a Participant who is
covered under the Plan for less than one full Plan Year if the formula for
allocations is based on Compensation for a period of at least 12 months.

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A "CONTRIBUTION PERIOD" means the period specified in Article VI for which
Employer Contributions shall be made.

"DISABLED" means a Participant can no longer continue in the service of his
employer because of a mental or physical condition that is likely to result in
death or is expected to continue for a period of at least six months. A
Participant shall be considered Disabled only if the Administrator determines he
is Disabled based on a written certificate of a physician acceptable to it.

An "ELIGIBLE EMPLOYEE" means any Employee who has met the eligibility
requirements of Article III to participate in the Plan.

The "ELIGIBILITY SERVICE" of an employee means the period or periods of service
credited to him under the provisions of Article ii for purposes of determining
his eligibility to participate in the Plan as may be required under Article III.

An "EMPLOYEE" means any salaried person who is not represented for purposes of
collective bargaining and who is classified by an Employer, in accordance with
its payroll records, as an employee of the Employer, and any person who is
classified by an Employer, in accordance with its payroll records, as an
employee of the Employer and who is represented by the International Union of
United Plant Guard Workers of America, Local 224 and Bricklayers and Allied
Craftsmen, Local No. 6. Employees shall not include any person who is covered by
a collective bargaining agreement that does not specifically provide for
coverage under the Plan. Any individual who is not treated by an Employer as a
common law employee of the Employer shall be excluded from Plan participation
even if a court or administrative agency determines that such individual is a
common law employee and not an independent contractor.

An "EMPLOYER" means the Sponsor and any entity which has adopted the Plan as may
be provided under Article XX.

An "EMPLOYER CONTRIBUTION" means the amount, if any, that an Employer
contributes to the Plan as may be provided under Article VI or Article XXII.

An "ENROLLMENT DATE" means each day of the Plan Year.

"ERISA" means the Employee Retirement Income Security Act of 1974, as amended
from time to time. Reference to a section of ERISA includes such section and any
comparable section or sections of any future legislation that amends,
supplements, or supersedes such section.

The "GENERAL FUND" means a Trust Fund maintained by the Trustee as required to
hold and administer any assets of the Trust that are not allocated among any
separate Investment Funds as may be provided in the Plan or the Trust Agreement.
No General Fund shall be maintained if all assets of the Trust are allocated
among separate Investment Funds.

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A "HIGHLY COMPENSATED EMPLOYEE" means any Employee or former Employee who is a
"highly compensated active employee" or a "highly compensated former employee"
as defined hereunder.

A "highly compensated active employee" includes any Employee who performs
services for an Employer or any Related Company during the Plan Year and who (i)
was a five percent owner at any time during the Plan Year or the "look back
year" or (ii) received "compensation" from the Employers and Related Companies
during the "look back year" in excess of $80,000 (subject to adjustment annually
at the same time and in the same manner as under Code Section 415(d).

A "highly compensated former employee" includes any Employee who (1) separated
from service from an Employer and all Related Companies (or is deemed to have
separated from service from an Employer and all Related Companies) prior to the
Plan Y ear, (2) performed no services for an Employer or any Related Company
during the Plan Year, and (3) was a "highly compensated active employee" for
either the separation year or any Plan Year ending on or after the date the
Employee attains age 55, as determined under the rules in effect under Code
Section 414(q) for such year.

The determination of who is a Highly Compensated Employee hereunder shall be
made in accordance with the provisions of Code Section 414(q) and regulations
issued thereunder.

For purposes of this definition, the following terms have the following
meanings:

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

(b)   The "look back year" means the 12-month period immediately preceding the
      Plan Year.

An "HOUR OF SERVICE" with respect to a person means each hour, if any, that may
be credited to him in accordance with the provisions of Article II.

An "INVESTMENT FUND" means any separate investment Trust Fund maintained by the
Trustee as may be provided in the Plan or the Trust Agreement or any separate
investment fund maintained by the Trustee, to the extent that there are
Participant Sub-Accounts under such funds, to which assets of the Trust may be
allocated and separately invested.

A "MATCHING CONTRIBUTION" means any Employer Contribution made to the Plan on
account of a Participant's Tax-Deferred Contributions as provided in Article VI,
including Regular Matching Contributions and any such contribution that is
designated by an Employer as a Qualified Matching Contribution.

The "NORMAL RETIREMENT DATE" of an employee means the date he attains age 65.

A "PARTICIPANT" means any person who has an Account in the Trust.

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                                   COPY Retirement and Capital Accumulation Plan

The "PLAN" means the Republic Engineered Products LLC Retirement and Capital
Accumulation Plan, as from time to time in effect.

A "PLAN YEAR" means the 12-consecutive-month period ending each December 31.

A "PROFIT-SHARING CONTRIBUTION" means any Employer Contribution made to the Plan
as provided in Article VI, other than Matching Contributions and Qualified
Nonelective Contributions.

A "QUALIFIED MATCHING CONTRIBUTION" means any Matching Contribution made to the
Plan as provided in Article VI that is 100 percent vested when made and may be
taken into account to satisfy the limitations on Tax-Deferred Contributions made
by Highly Compensated Employees under Article VII.

A "QUALIFIED NONELECTIVE CONTRIBUTION" means any Employer Contribution made to
the Plan as provided in Article VI that is 100 percent vested when made and may
be taken into account to satisfy the limitations on Tax-Deferred Contributions
and/or Matching Contributions made by or on behalf of Highly Compensated
Employees under Article VII, other than Qualified Matching Contributions.

A "REGULAR MATCHING CONTRIBUTION" means any Matching Contribution made to the
Plan at the rate specified in Article VI, other than any Matching Contribution
characterized by the Employer as a Qualified Matching Contribution.

A "RELATED COMPANY" means any corporation or business, other than an Employer,
which would be aggregated with an Employer for a relevant purpose under Code
Section 414.

A Participant's "REQUIRED BEGINNING DATE" means the following:

(a)   for a Participant who is not a "five percent owner", April 1 of the
      calendar year following the calendar year in which occurs the later of the
      Participant's (i) attainment of age 70 1/2 or (ii) Settlement Date.

(b)   for a Participant who is a "five percent owner", April 1 of the calendar
      year following the calendar year in which the Participant attains age 70
      1/2.

A Participant is a "five percent owner" if he is a five percent owner, as
defined in Code Section 416(i) and determined in accordance with Code Section
416, but without regard to whether the Plan is top-heavy, for the Plan Year
ending with or within the calendar year in which the Participant attains age 70
1/2. The Required Beginning Date of a Participant who is a "five percent owner"
hereunder shall not be redetermined if the Participant ceases to be a five
percent owner as defined in Code Section 416(i) with respect to any subsequent
Plan Year.

A "ROLLOVER CONTRIBUTION" means any rollover contribution to the Plan made by a
Participant as may be permitted under Article V.

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The "SETTLEMENT DATE" of a Participant means the date on which a Participant's
interest under the Plan becomes distributable in accordance with Article XV.

The "SPONSOR" means Republic Engineered Products LLC, and any successor thereto.

A "SUB-ACCOUNT" means any of the individual sub-accounts of a Participant's
Account that is maintained as provided in Article VIII.

A "TAX-DEFERRED CONTRIBUTION" means the amount contributed to the Plan on a
Participant's behalf by his Employer in accordance with Article IV.

The "TRUST" means the trust, custodial accounts, annuity contracts, or insurance
contracts maintained by the Trustee under the Trust Agreement.

The "TRUST AGREEMENT" means any agreement or agreements entered into between the
Sponsor and the Trustee relating to the holding, investment, and reinvestment of
the assets of the Plan, together with all amendments thereto and shall include
any agreement establishing a custodial account, an annuity contract, or an
insurance contract (other than a life, health or accident, property, casualty,
or liability insurance contract) for the investment of assets if the custodial
account or contract would, except for the fact that it is not a trust,
constitute a qualified trust under Code Section 401.

The "TRUSTEE" means the trustee or any successor trustee which at the time shall
be designated, qualified, and acting under the Trust Agreement and shall include
any insurance company that issues an annuity or insurance contract pursuant to
the Trust Agreement or any person holding assets in a custodial account pursuant
to the Trust Agreement. The Sponsor may designate a person or persons other than
the Trustee to perform any responsibility of the Trustee under the Plan, other
than trustee responsibilities as defined in ERISA Section 405(c)(3), and the
Trustee shall not be liable for the performance of such person in carrying out
such responsibility except as otherwise provided by ERISA. The term Trustee
shall include any delegate of the Trustee as may be provided in the Trust
Agreement.

A "TRUST FUND" means any fund maintained under the Trust by the Trustee.

A "VALUATION DATE" means the date or dates designated by the Sponsor and
communicated in writing to the Trustee for the purpose of valuing the General
Fund and each Investment Fund and adjusting Accounts and Sub-Accounts hereunder,
which dates need not be uniform with respect to the General Fund, each
Investment Fund, Account, or Sub-Account; provided, however, that the General
Fund and each Investment Fund shall be valued and each Account and Sub-Account
shall be adjusted no less often than once annually.

The "VESTING SERVICE" of an employee means the period or periods of service
credited to him under the provisions of Article II for purposes of determining
his vested interest in his Employer Contributions Sub-Account, if Employer
Contributions are provided for under either Article VI or Article XXII.

                                        7

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                                   COPY Retirement and Capital Accumulation Plan

1.2   INTERPRETATION

Where required by the context, the noun, verb, adjective, and adverb forms of
each defined term shall include any of its other forms. Wherever used herein,
the masculine pronoun shall include the feminine, the singular shall include the
plural, and the plural shall include the singular.

                                        8

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                                   COPY Retirement and Capital Accumulation Plan

                              ARTICLE II -- SERVICE

2.1   SPECIAL DEFINITIONS

For purposes of this Article, the following terms have the following meanings.

A "COMPUTATION PERIOD" for purposes of determining an employee's years of
Vesting Service means each Plan Year; provided, however, that if an employee
first completed an Hour of Service prior to the effective date of the Plan, a
Plan Year shall not mean any short Plan Year beginning on the effective date of
the Plan, if any, but shall mean any 12-consecutive-month period beginning
before the effective date of the Plan that would have been a Plan Year if the
Plan had been in effect.

A "MATERNITY/PATERNITY ABSENCE" means a person's absence from employment with an
Employer or a Related Company because of the person's pregnancy, the birth of
the person's child, the placement of a child with the person in connection with
the person's adoption of the child, or the caring for the person's child
immediately following the child's birth or adoption. A person's absence from
employment will not be considered a maternity/paternity absence unless the
person furnishes the Administrator such timely information as may reasonably be
required to establish that the absence was for one of the purposes enumerated in
this paragraph and to establish the number of days of absence attributable to
such purpose.

2.2   CREDITING OF HOURS OF SERVICE

A person shall be credited with an Hour of Service for:

(a)   Each hour for which he is paid, or entitled to payment, for the
      performance of duties for an Employer, Republic Technologies International
      LLC, or a Related Company during the applicable period; provided, however,
      that hours compensated at a premium rate shall be treated as straight-time
      hours.

(b)   Subject to the provisions of Section 2.3, each hour for which he is paid,
      or entitled to payment, by an Employer, Republic Technologies
      International LLC, or a Related Company on account of a period of time
      during which no duties are performed (irrespective of whether the
      employment relationship has terminated) due to vacation, holiday, illness,
      incapacity (including disability), lay-off, jury duty, military duty, or
      leave of absence.

(c)   Each hour for which he would have been scheduled to work for an Employer,
      Republic Technologies International LLC, or a Related Company during the
      period that he is absent from work because of service with the armed
      forces of the United States provided he is eligible for reemployment
      rights under the Uniformed Services Employment and Reemployment Rights Act
      of 1994 and returns to work with an Employer or a Related Company within
      the period during which he retains such reemployment rights; provided,

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                                   COPY Retirement and Capital Accumulation Plan

      however, that the same Hour of Service shall not be credited under
      paragraph (b) of this Section and under this paragraph (c).

(d)   Each hour for which back pay, irrespective of mitigation of damages, is
      either awarded or agreed to by an Employer, Republic Technologies
      International LLC, or a Related Company; provided, however, that the same
      Hour of Service shall not be credited both under paragraph (a) or (b) or
      (c) of this Section, as the case maybe, and under this paragraph (d); and
      provided, further, that the crediting of Hours of Service for back pay
      awarded or agreed to with respect to periods described in such paragraph
      (b) shall be subject to the limitations set forth therein and in Section
      2.3.

(e)   Solely for purposes of determining whether a person who is on a
      "maternity/paternity absence" has incurred a Break in Service for a
      "computation period", Hours of Service shall include those hours with
      which such person would otherwise have been credited but for such
      "maternity/paternity absence", or shall include eight Hours of Service for
      each day of "maternity/paternity absence" if the actual hours to be
      credited cannot be determined; except that not more than the minimum
      number of hours required to prevent a Break in Service shall be credited
      by reason of any "maternity/paternity absence"; provided, however, that
      any hours included as Hours of Service pursuant to this paragraph shall be
      credited to the "computation period" in which the absence from employment
      begins, if such person otherwise would incur a Break in Service in such
      "computation period", or, in any other case, to the immediately following
      "computation period".

(f)   Solely for purposes of determining whether he has incurred a Break in
      Service, each hour for which he would have been scheduled to work for an
      Employer, Republic Technologies International LLC, or a Related Company
      during the period of time that he is absent from work on an approved leave
      of absence pursuant to the Family and Medical Leave Act of 1993; provided,
      however, that Hours of Service shall not be credited to an employee under
      this paragraph if the employee fails to return to employment with an
      Employer or a Related Company following such leave.

For purposes of crediting Hours of Service hereunder, employment with a
corporation or business prior to the date such corporation or business becomes a
Related Company shall be treated as employment with a Related Company.

2.3   LIMITATIONS ON CREDITING OF HOURS OF SERVICE

In the application of the provisions of paragraph (b) of Section 2.2, the
following shall apply:

(a)   An hour for which a person is directly or indirectly paid, or entitled to
      payment, on account of a period during which no duties are performed shall
      not be credited to him if such payment is made or due under a plan
      maintained solely for the purpose of complying with applicable workers'
      compensation, unemployment compensation, or disability insurance laws.

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(b)   Hours of Service shall not be credited with respect to a payment which
      solely reimburses a person for medical or medically-related expenses
      incurred by him.

(c)   A payment shall be deemed to be made by or due from an Employer, Republic
      Technologies International LLC, or a Related Company (i) regardless of
      whether such payment is made by or due from such employer directly or
      indirectly, through (among others) a trust fund or insurer to which any
      such employer contributes or pays premiums, and (ii) regardless of whether
      contributions made or due to such trust fund, insurer, or other entity are
      for the benefit of particular persons or are on behalf of a group of
      persons in the aggregate.

(d)   No more than 501 Hours of Service shall be credited to a person on account
      of any single continuous period during which he performs no duties
      (whether or not such period occurs in a single "computation period"),
      unless no duties are performed due to service with the armed forces of the
      United States for which the person retains reemployment rights as provided
      in paragraph (c) of Section 2.2.

2.4   DEPARTMENT OF LABOR RULES

The rules set forth in paragraphs (b) and (c) of Department of Labor Regulations
Section 2530.200b-2, which relate to determining Hours of Service attributable
to reasons other than the performance of duties and crediting Hours of Service
to particular periods, are hereby incorporated into the Plan by reference.

2.5   ELIGIBILITY SERVICE

Because there are no Eligibility Service requirements to participate in the
Plan, there shall be no Eligibility Service credited under the Plan.

2.6   YEARS OF VESTING SERVICE

An employee shall be credited with a year of Vesting Service for each
"computation period" during which he completes at least 1,000 Hours of Service.

2.7   CREDITING OF HOURS OF SERVICE WITH RESPECT TO SHORT COMPUTATION PERIODS

The following provisions shall apply with respect to crediting Hours of Service
with respect to any short "computation period":

(a)   For purposes of this Article, the following terms have the following
      meanings:

      (i)   An "old computation period" means any "computation period" that ends
            immediately prior to a change in the "computation period".

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      (ii)  A "short computation period" means any "computation period" of fewer
            than 12 consecutive months.

(b)   Notwithstanding any other provision of the Plan to the contrary, no person
      shall incur a Break in Service for a short "computation period" solely
      because of such short "computation period".

(c)   For purposes of determining the years of Vesting Service to be credited to
      an Employee, a "computation period" shall not include the "short
      computation period", but if an Employee completes at least 1,000 Hours of
      Service in the 12-consecutive-month period beginning on the first day of
      the "short computation period", such Employee shall be credited with a
      year of Vesting Service for such 12-consecutive-month period.

2.8   CREDITING OF SERVICE ON TRANSFER OR AMENDMENT

Notwithstanding any other provision of the Plan to the contrary, if an Employee
is transferred from employment covered under a qualified plan maintained by an
Employer or a Related Company for which service is credited based on elapsed
time in accordance with Treasury Regulations Section 1.410(a)-7 to employment
covered under the Plan or, prior to amendment, the Plan provided for crediting
of service on the basis of elapsed time in accordance with Treasury Regulations
Section 1.410(a)-7, an affected Employee shall be credited with Vesting Service
hereunder as provided in Treasury Regulations Section 1.410(a)-7(f)(1).

2.9   CREDITING OF SERVICE TO LEASED EMPLOYEES

Notwithstanding any other provision of the Plan to the contrary, a "leased
employee" working for an Employer or a Related Company (other than an
"excludable leased employee") shall be considered an employee of such Employer
or Related Company for purposes of Vesting Service crediting under the Plan, but
shall not be eligible to participate in the Plan. Such "leased employee" shall
also be considered an employee of such Employer or Related Company for purposes
of applying Code Sections 401(a)(3), (4), (7), and (16), and 408(k), 415, and
416.

A "leased employee" means any person who performs services for an Employer or a
Related Company (the "recipient") (other than an employee of the "recipient")
pursuant to an agreement between the "recipient" and any other person (the
"leasing organization") on a substantially full-time basis for a period of at
least one year, provided that such services are performed under primary
direction of or control by the "recipient". An "excludable leased employee"
means any "leased employee" of the "recipient" who is covered by a money
purchase pension plan maintained by the "leasing organization" which provides
for (i) a nonintegrated employer contribution on behalf of each participant in
the plan equal to at least ten percent of compensation, (ii) full and immediate
vesting, and (iii) immediate participation by employees of the "leasing
organization" (other than employees who perform substantially all of their
services for the "leasing organization" or whose compensation from the "leasing
organization" in each plan year during the four-year period ending with the plan
year is less than $1,000); provided, however, that "leased employees" do not
constitute more than 20 percent of the "recipient's"

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                                   COPY Retirement and Capital Accumulation Plan

nonhighly compensated work force. For purposes of this Section, contributions or
benefits provided to a "leased employee" by the "leasing organization" that are
attributable to services performed for the "recipient" shall be treated as
provided by the "recipient".

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                                   COPY Retirement and Capital Accumulation Plan

                           ARTICLE III -- ELIGIBILITY

3.1   ELIGIBILITY

Each person who is an Employee on August 16, 2002 shall become an Eligible
Employee as of such date.

Each Employee shall become an Eligible Employee as of the Enrollment Date
coinciding with or next following the date on which he becomes an Employee.

3.2   TRANSFERS OF EMPLOYMENT

If a person is transferred directly from employment with an Employer or with a
Related Company in a capacity other than as an Employee to employment as an
Employee, he shall become an Eligible Employee as of the later of the date he is
so transferred or the date he would have become an Eligible Employee if he had
been an Employee for his entire period of employment with the Employer or
Related Company.

3.3   REEMPLOYMENT

If a person who terminated employment with an Employer and all Related Companies
is reemployed as an Employee and if he had been an Eligible Employee prior to
his termination of employment, he shall again become an Eligible Employee on the
date he is reemployed. Otherwise, the eligibility of a person who terminated
employment with an Employer and all Related Companies and who is reemployed by
an Employer or a Related Company to participate in the Plan shall be determined
in accordance with Section 3.1 or 3.2.

3.4   NOTIFICATION CONCERNING NEW ELIGIBLE EMPLOYEES

Each Employer shall notify the Administrator as soon as practicable of Employees
becoming Eligible Employees as of any date.

3.5   EFFECT AND DURATION

Upon becoming an Eligible Employee, an Employee shall be entitled to make
Tax-Deferred Contributions to the Plan in accordance with the provisions of
Article IV and receive allocations of Employer Contributions in accordance with
the provisions of Article VI (provided he meets any applicable requirements
thereunder) and shall be bound by all the terms and conditions of the Plan and
the Trust Agreement. A person shall continue as an Eligible Employee eligible to
make Tax-Deferred Contributions to the Plan and to participate in allocations of
Employer Contributions only so long as he continues employment as an Employee.

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                                   COPY Retirement and Capital Accumulation Plan

                    ARTICLE IV -- TAX-DEFERRED CONTRIBUTIONS

4.1   TAX-DEFERRED CONTRIBUTIONS

Effective as of the date he becomes an Eligible Employee, each Eligible Employee
may elect, in accordance with rules prescribed by the Administrator, to have
Tax-Deferred Contributions made to the Plan on his behalf by his Employer as
hereinafter provided. An Eligible Employee's election shall include his
authorization for his Employer to reduce his Compensation and to make
Tax-Deferred Contributions on his behalf. An Eligible Employee who elects not to
have Tax-Deferred Contributions made to the Plan as of the first Enrollment Date
he becomes eligible to participate may change his election by amending his
reduction authorization as prescribed in this Article.

Tax-Deferred Contributions on behalf of an Eligible Employee shall commence with
the first payment of Compensation made on or after the date on which his
election is effective.

4.2   AMOUNT OF TAX-DEFERRED CONTRIBUTIONS

The amount of Tax-Deferred Contributions to be made to the Plan on behalf of an
Eligible Employee by his Employer shall be an integral percentage of his
Compensation of not less than one percent nor more than 80 percent. In the event
an Eligible Employee elects to have his Employer make Tax-Deferred Contributions
on his behalf, his Compensation shall be reduced for each payroll period by the
percentage he elects to have contributed on his behalf to the Plan in accordance
with the terms of his currently effective reduction authorization.

4.3   AMENDMENTS TO REDUCTION AUTHORIZATION

An Eligible Employee may elect, in the manner prescribed by the Administrator,
to change the amount of his future Compensation that his Employer contributes on
his behalf as Tax-Deferred Contributions. An Eligible Employee may amend his
reduction authorization at such time or times during the Plan Year as the
Administrator may prescribe by giving such number of days advance notice of his
election is the Administrator may prescribe. An Eligible Employee who amends his
reduction authorization shall be limited to selecting an amount of his
Compensation that is otherwise permitted under this Article IV. Tax-Deferred
Contributions shall be made on behalf of such Eligible Employee by his Employer
pursuant to his properly amended reduction authorization commencing with
Compensation paid to the Eligible Employee on or after the date such amendment
is effective, until otherwise altered or terminated in accordance with the Plan.

4.4   SUSPENSION OF TAX-DEFERRED CONTRIBUTIONS

An Eligible Employee on whose behalf Tax-Deferred Contributions are being made
may elect, in the manner prescribed by the Administrator, to have such
contributions suspended at any time by giving such number of days advance notice
of his election as the Administrator may prescribe. Any such voluntary
suspension shall take effect commencing with Compensation paid to such

                                       15

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

Eligible Employee on or after the expiration of the required notice period and
shall remain in effect until Tax-Deferred Contributions are resumed as
hereinafter set forth.

4.5   RESUMPTION OF TAX-DEFERRED CONTRIBUTIONS

An Eligible Employee who has voluntarily suspended his Tax-Deferred
Contributions may elect, in the manner prescribed by the Administrator, to have
such contributions resumed. An Eligible Employee may make such election at such
time or times during the Plan Year as the Administrator may prescribe, by giving
such number of days advance notice of his election as the Administrator may
prescribe.

4.6   DELIVERY OF TAX-DEFERRED CONTRIBUTIONS

As soon after the date an amount would otherwise be paid to an Employee as it
can reasonably be separated from Employer assets, each Employer shall cause to
be delivered to the Trustee in cash all Tax-Deferred Contributions attributable
to such amounts.

4.7   VESTING OF TAX-DEFERRED CONTRIBUTIONS

A Participant's vested interest in his Tax-Deferred Contributions Sub-Account
shall be at all times 100 percent.

                                       16

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

                ARTICLE V -- AFTER-TAX AND ROLLOVER CONTRIBUTIONS

5.1   NO AFTER-TAX CONTRIBUTIONS

There shall be no After-Tax Contributions made to the Plan.

5.2   ROLLOVER CONTRIBUTIONS

An Employee who was a participant in a plan qualified under Code Section 401 who
receives (or is eligible to receive) from such plan a cash distribution or
distribution of a note reflecting a loan to the Employee from his account under
such plan that he elects either (i) to rollover immediately to a qualified
retirement plan or (ii) to rollover into a conduit IRA from which he receives a
later cash distribution, may elect to make a Rollover Contribution to the Plan
if he is entitled under Code Section 402(c) or 408(d)(3)(A) to roll over such
distribution to another qualified retirement plan. The Administrator may require
an Employee to provide it with such information as it deems necessary or
desirable to show that he is entitled to roll over such distribution to another
qualified retirement plan. An Employee shall make a Rollover Contribution to the
Plan by delivering, or causing to be delivered, to the Trustee the cash and/or
promissory note that constitutes the Rollover Contribution amount. If the
Employee received a distribution that he is rolling over, such delivery must be
made within 60 days of receipt of the distribution from the plan or from the
conduit IRA in the manner prescribed by the Administrator.

5.3   VESTING OF ROLLOVER CONTRIBUTIONS

A Participant's vested interest in his Rollover Contributions Sub-Account shall
be at all times 100 percent.

                                       17

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

                      ARTICLE VI -- EMPLOYER CONTRIBUTIONS

6.1   CONTRIBUTION PERIOD

The Contribution Periods for Employer Contributions shall be as follows:

(a)   The Contribution Period for Matching Contributions under the Plan is each
      payroll period.

(b)   The Contribution Period for Qualified Nonelective Contributions under the
      Plan is each Plan Year.

(c)   The Contribution Period for Profit-Sharing Contributions under the Plan is
      each month.

6.2   PROFIT-SHARING CONTRIBUTIONS

The Employers shall make a Profit-Sharing Contribution to the Plan for the
Contribution Period on behalf of each Eligible Employee during the Contribution
Period who has met the allocation requirements for Profit-Sharing Contributions
described in this Article. In addition, each Employer may, in its discretion,
make a further Profit-Sharing Contribution to the Plan for the Contribution
Period in an amount determined by the Employer. The amount of the Profit-Sharing
Contribution shall be determined under (a) or (b) below, as applicable. The
amount of the Additional Profit-Sharing Contribution shall be determined under
(c) below.

(a)   For Participants Not Represented for Purposes of Collective Bargaining

      Profit-Sharing Contributions are determined by multiplying the
      Participant's Compensation times the percentage applicable for the
      Participant's age as determined in accordance with the Table below. The
      Participant's age shall be the age on his last birthday occurring on or
      prior to January 1 of the year for which the contribution is made.

<TABLE>
<CAPTION>
     AGE        PERCENT OF COMPENSATION
-------------   -----------------------
<S>             <C>
  Under 35               3%

35 through 39            4%

40 through 44            5%

45 through 49            6%

50 through 54            7%
</TABLE>

                                       18

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

<TABLE>
<CAPTION>
     AGE        PERCENT OF COMPENSATION
-------------   -----------------------
<S>             <C>
55 through 59          8.5%

 60 and over            10%
</TABLE>

(b)   Profit-Sharing Contributions for Certain Collectively Bargained
      Participants

      The amount of Profit-Sharing Contributions for each Participant who is
      also represented for purposes of collective bargaining by the
      International Union of United Plant Guard Workers of America and its
      Amalgamated Local 224 UPGWA ("Plant Guards Union") or the Bricklayers and
      Allied Craftsmen, Local 6 ("Bricklayers Union") and:

      (1)   who has less than 15 years of Vesting Service as of January 1 of
            each Plan Year, shall be equal to the product of 40 hours times the
            number of weeks in the pay periods paid in the month (or the number
            of weeks in the pay periods which would have been paid had the
            Participant been working), and further times the applicable amount
            per hour in accordance with the following table:

<TABLE>
<CAPTION>
 MEMBER'S AGE     AMOUNT PER HOUR
--------------    ---------------
<S>               <C>
   Under 30          $ 0.21

30 through 34          0.29

35 through 39          0.38

40 through 44          0.49

45 through 49          0.62

50 through 54          0.78

55 through 59          0.96

 60 and Over           1.14
</TABLE>

      The amount per hour applicable to each Participant shall depend on the
      Participant's age as of January 1 of each Plan Year for which the
      contribution is being made.

      (2)   who has 15 or more years of Vesting Service as of January 1 of each
            Plan Year, for each pay period paid in each month of the Plan Year
            in which such Employee

                                       19

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

            is a Participant in the Plan, shall be equal to the greater of (A)
            the amount calculated for such pay period pursuant to (1) above for
            such Employee who has less than 15 years of Vesting Service as of
            January 1 of a Plan Year, or (B) the product of the number of hours
            actually paid in such pay period (but limited to the product of 40
            hours times the number of weeks in such pay period) times the
            Participant's "earnings rate," and further times the applicable
            percentage of earnings in accordance with the following table:

<TABLE>
<CAPTION>
     AGE          PERCENTAGE OF EARNINGS
-------------     ----------------------
<S>               <C>
  Under 35                  3%

35 through 39               4%

40 through 44               5%

45 through 49               6%

50 through 54               7%

55 through 59             8.5%

 60 and Over               10%
</TABLE>

      The percentage of earnings applicable to each Participant shall depend on
      the Participant's age as of January 1 of each Plan Year for which the
      contribution is being made.

      (3)   Notwithstanding subparagraphs (1) and (2) above, the amount of
            contributions for each Participant (except for a Participant in the
            Plant Guards Union who had less than ten years of "continuous
            service," shall be equal to the product of 1.5 times the amount
            calculated pursuant to subparagraphs (1) or (2) above, whichever is
            applicable; provided, however, that the Employer shall contribute to
            the Plan such increased amount only for those number of months which
            equal the number of months of "continuous service" which such
            Participant had accrued, with a partial month of 16 days or more
            being counted as a full month of "continuous service." In
            determining the number of months this increased Employer
            Contribution is required on behalf of a Participant, credit shall be
            granted to the Employer for such increased contributions made on
            behalf of such Participant.

      (4)   The Employer shall contribute to the Plan on behalf of each
            Participant who is also a member of the International Union of
            United Plan Guard Workers of America and its Amalgamated Local 67
            UPGWA, in addition to the amounts set

                                       20

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

            forth above, $0.40 per hour for each hour compensated but limited to
            80 hours during a payroll period.

For purposes of this paragraph "earnings rate" means the quotient calculated by
dividing (x) by (y), where (x) is, with respect to a pay period, the sum of a
Participant's base earnings, incentive pay, shift differentials, Sunday premium,
overtime (excluding overtime premium), EPP, vacation and holiday pay, and awards
paid in the pay period for pay for lost hours of work, and (y) is the hours paid
in the pay period to such Participant.

(c)   Additional Profit-Sharing Contribution

The Additional Profit-Sharing Contribution shall be equal to the Compensation
paid to the Participant times the applicable percentage determined in accordance
with the Table below:

<TABLE>
<CAPTION>
  VESTING SERVICE    ADDITIONAL PROFIT-SHARING CONTRIBUTION
------------------   --------------------------------------
<S>                  <C>
Less than 10 Years                    None

    10-19 Years                       1.0%

    20~29 Years                       1.5%

     30+ Years                        2.0%
</TABLE>

The percentage of Additional Profit-Sharing Contributions applicable to each
Participant depend on the Participant's Vesting Service as of the first day of
each calendar month.

6.3   ALLOCATION OF PROFIT-SHARING CONTRIBUTIONS

The Profit-Sharing Contribution made for a Contribution Period shall be
allocated among the Eligible Employees during the Contribution Period who have
met the allocation requirements for Profit-Sharing Contributions described in
this Article. The allocable share of each such Eligible Employee shall be as
described in Section 6.2. If an Employer makes a further discretionary
Profit-Sharing Contribution for the Contribution Period, it shall be allocated
among its Eligible Employees during the Contribution Period who have met the
allocation requirements for Profit-Sharing Contributions. The allocable share of
each such Eligible Employee in the additional discretionary Profit-Sharing
Contribution shall be the percentage of Compensation determined in Section 6.2
above.

6.4   QUALIFIED NONELECTIVE CONTRIBUTIONS

Each Employer may, in its discretion, make a Qualified Nonelective Contribution
to the Plan for the Contribution Period in an amount determined by the Sponsor.

                                       21

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

6.5   ALLOCATION OF QUALIFIED NONELECTIVE CONTRIBUTIONS

Any Qualified Nonelective Contribution made by an Employer for a Contribution
Period shall be allocated among its Eligible Employees during the Contribution
Period who have met the allocation requirements for Qualified Nonelective
Contributions described in this Article, other than any such Eligible Employee
who is a Highly Compensated Employee. The allocable share of each such Eligible
Employee shall be determined as follows:

(a)   the Eligible Employee with the least "test compensation", as defined in
      Section 7.1, shall receive an allocation equal to the lower of:

      (i)   the maximum contribution permitted to be made to the Plan on his
            behalf under Code Section 415, taking into account any contributions
            already made on his behalf; or

      (ii)  the full amount of the Qualified Nonelective Contribution made by
            the Employer for the Contribution Period.

(b)   If any Qualified Nonelective Employer Contribution remains after
      allocation has been made in accordance with the provisions of paragraph
      (a) above, the Eligible Employee with the next lowest "test compensation",
      as defined in Section 7.1, shall receive an allocation equal to the lower
      of:

      (i)   the maximum contribution permitted to be made to the Plan on his
            behalf under Code Section 415, taking into account any contributions
            already made on his behalf; or

      (ii)  the balance of the Qualified Nonelective Contribution made by the
            Employer for the Contribution Period remaining after allocation has
            been made in accordance with the provisions of paragraph (a) above.

(c)   If any Qualified Nonelective Contribution remains after allocation has
      been made in accordance with the provisions of paragraph (b) above,
      allocations shall continue to Eligible Employees as provided in paragraph
      (b) in ascending order of "test compensation", until the Qualified
      Nonelective Contribution has been fully allocated.

6.6   AMOUNT AND ALLOCATION OF MATCHING CONTRIBUTIONS

Each Employer shall make a Matching Contribution to the Plan for each
Contribution Period on behalf of each of its Eligible Employees during the
Contribution Period who has met the allocation requirements for Matching
Contributions described in this Article. The amount of such Matching
Contribution shall be equal to 25 percent of the Tax-Deferred Contributions made
for the Contribution Period on behalf of such Eligible Employee.

                                       22

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

6.7   LIMIT ON TAX-DEFERRED CONTRIBUTIONS MATCHED

Notwithstanding any other provision of this Article to the contrary,
Tax-Deferred Contributions made to the Plan on behalf of an Eligible Employee
for a Contribution Period that exceed five percent of the Eligible Employee's
Compensation for the Contribution Period shall be excluded in determining the
amount and allocation of Matching Contributions with respect to such Eligible
Employee for the Contribution Period.

Matching Contributions made on behalf of an Eligible Employee shall not exceed
1.25 percent of his Compensation for a particular Contribution Period.

6.8   QUALIFIED MATCHING CONTRIBUTIONS

An Employer may designate any portion or all of its Matching Contribution as a
Qualified Matching Contribution. Amounts that are designated as Qualified
Matching Contributions shall be accounted for separately and may be withdrawn
only as permitted under the Plan.

6.9   VERIFICATION OF AMOUNT OF EMPLOYER CONTRIBUTIONS BY THE SPONSOR

The Sponsor shall verify the amount of Employer Contributions to be made by each
Employer in accordance with the provisions of the Plan. Notwithstanding any
other provision of the Plan to the contrary, the Sponsor shall determine the
portion of the Employer Contribution to be made by each Employer with respect to
an Employee who transfers from employment with one Employer as an Employee to
employment with another Employer as an Employee.

6.10  PAYMENT OF EMPLOYER CONTRIBUTIONS

Employer Contributions made for a Contribution Period shall be paid in cash to
the Trustee within the period of time required under the Code in order for the
contribution to be deductible by the Employer in determining its Federal income
taxes for the Plan Year.

6.11  ALLOCATION REQUIREMENTS FOR EMPLOYER CONTRIBUTIONS

A person who was an Eligible Employee at any time during a Contribution Period
shall be eligible to receive an allocation of Profit-Sharing Contributions for
such Contribution Period.

A person who was an Eligible Employee at any time during a Contribution Period
shall be eligible to receive an allocation of Matching Contributions for such
Contribution Period.

A person who was an Eligible Employee at any time during a Contribution Period
shall be eligible to receive an allocation of Qualified Nonelective
Contributions for such Contribution Period.

                                       23

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

6.12  VESTING OF EMPLOYER CONTRIBUTIONS

A Participant's vested interest in his Qualified Nonelective and Qualified
Matching Contributions Sub-Accounts shall be at all times 100 percent.

A Participant's vested interest in his Regular Matching Contributions
Sub-Account shall beat all times 100 percent.

A Participant's vested interest in his Profit-Sharing Contributions Sub-Account
shall be zero percent until the Participant has completed five years of Vesting
Service at which time his vested interest in his Profit-Sharing Contributions
Sub-Account shall be 100 percent.

Notwithstanding the foregoing, if a Participant is employed by an Employer or a
Related Company on his Normal Retirement Date, the date he becomes Disabled, or
the date he dies, his vested interest in his Profit-Sharing Contributions
Sub-Account shall be 100 percent.

6.13  ELECTION OF FORMER VESTING SCHEDULE

If the Sponsor adopts an amendment to the Plan that directly or indirectly
affects the computation of a Participant's vested interest. in his Employer
Contributions Sub-Account, any Participant with three or more years of Vesting
Service shall have a right to have his vested interest in his Employer
Contributions Sub-Account continue to be determined under the vesting provisions
in effect prior to the amendment rather than under the new vesting provisions,
unless the vested interest of the Participant in his Employer Contributions
Sub-Account under the Plan as amended is not at any time less than such vested
interest determined without regard to the amendment. A Participant shall
exercise his right under this Section by giving written notice of his exercise
thereof to the Administrator within 60 days after the latest of (i) the date he
receives notice of the amendment from the Administrator, (ii) the effective date
of the amendment, or (iii) the date the amendment is adopted. Notwithstanding
the foregoing, a Participant's vested interest in his Employer Contributions
Sub-Account on the effective date of such an amendment shall not be less than
his vested interest in his Employer Contributions Sub-Account immediately prior
to the effective date of the amendment.

6.14  FORFEITURES TO REDUCE EMPLOYER CONTRIBUTIONS

Notwithstanding any other provision of the Plan to the contrary, the amount of
the Employer Contribution required under this Article for a Plan Year shall be
reduced by the amount of any forfeitures occurring during the Plan Year or any
prior Plan Year that are not used to pay Plan expenses and that are applied
against Employer Contributions as provided in Article VII or XIV, as applicable.

                                       24

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

                   ARTICLE VII -- LIMITATIONS ON CONTRIBUTIONS

7.1   DEFINITIONS

For purposes of this Article, the following terms have the following meanings:

The "AGGREGATE LIMIT" means the sum of (i) 125 percent of the greater of the
average "contribution percentage" for "eligible participants" other than Highly
Compensated Employees or the average "deferral percentage" for Eligible
Employees other than Highly Compensated Employees and (ii) the lesser of 200
percent or two plus the lesser of such average "contribution percentage" or
average "deferral percentage", or, if it would result in a larger "aggregate
limit", the sum of (iii) 125 percent of the lesser of the average "contribution
percentage" for "eligible participants" other than Highly Compensated Employees
or the average "deferral percentage" for Eligible Employees other than Highly
Compensated Employees and (iv) the lesser of 200 percent or two plus the greater
of such average "contribution percentage" or average "deferral percentage". For
purposes of determining the "aggregate limit", the "contribution percentages"
and "deferral percentages" used shall be for the applicable "testing year".

The "ANNUAL ADDITION" with respect to a Participant for a "limitation year"
means the sum of the Tax-Deferred Contributions and Employer Contributions
allocated to his Account for the "limitation year" (including any "excess
contributions" that are distributed pursuant to this Article), the employer
contributions, "employee contributions", and forfeitures allocated to his
accounts for the "limitation year" under any other qualified defined
contribution plan (whether or not terminated) maintained by an Employer or a
Related Company concurrently with the Plan, and amounts described in Code
Sections 415(1)(2) and 419A(d)(2) allocated to his account for the "limitation
year".

The "CONTRIBUTION PERCENTAGE" with respect to an "eligible participant" for a
particular Plan Year means the ratio of the Matching Contributions made to the
Plan on his behalf for the Plan Year to his "test compensation" for such Plan
Year. To the extent permitted by regulations issued under Code Section 401(m),
the Sponsor may elect to include the Tax-Deferred Contributions and/or Qualified
Nonelective Contributions made to the Plan on an "eligible participant's" behalf
for the Plan Year in computing the numerator of such "eligible participant's"
"contribution percentage". Notwithstanding the foregoing, any Tax-Deferred
Contributions, Qualified Matching Contributions, and/or Qualified Nonelective
Contributions that are included in determining the numerator of an "eligible
participant's" "deferral percentage" may not be included in determining the
numerator of his "contribution percentage".

Contributions made on an "eligible participant's" behalf for a Plan Year shall
be included in determining his "contribution percentage" for such Plan Year only
if the contributions are allocated to the "eligible participant's" Account as of
a date within such Plan Year and are made to the Plan before the end of the
12-month period immediately following the Plan Year to which the contributions
relate. Contributions included for purposes of determining the "contribution

                                       25

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

percentage" for the "testing year" of an "eligible participant" who is not a
Highly Compensated Employee relate to the "testing year" and therefore must be
made before the last day of the Plan Year for which the limitation on Matching
Contributions described in Section 7.7 is being determined. The determination of
an "eligible participant's" "contribution percentage" shall be made after any
reduction required to satisfy the Code Section 415 limitations is made as
provided in this Article VII and shall satisfy such other requirements as may be
prescribed by the Secretary of the Treasury.

The "DEFERRAL PERCENTAGE" with respect to an Eligible Employee for a particular
Plan Year means the ratio of the Tax-Deferred Contributions made on his behalf
for the Plan Year to his "test compensation" for the Plan Year. To the extent
permitted by regulations issued under Code Section 401(k), the Sponsor may elect
to include Qualified Matching Contributions and/or Qualified Nonelective
Contributions made to the Plan on the Eligible Employee's behalf for the Plan
Year in computing the numerator of such Eligible Employee's "deferral
percentage". Notwithstanding the foregoing, any Tax-Deferred Contributions,
Qualified Matching Contributions, and/or Qualified Nonelective Contributions
that are included in determining the numerator of an Eligible Employee's
"contribution percentage" may not be included in determining the numerator of
his "deferral percentage".

Contributions made on an Eligible Employee's behalf for a Plan Year shall be
included in determining his "deferral percentage" for such Plan Year only if
they meet the following requirements:

(a)   Tax-Deferred Contributions must relate to Compensation that would, but for
      the Eligible Employee's deferral election, have been received by the
      Eligible Employee during such Plan Year.

(b)   The contributions must be allocated to the Eligible Employee's Account as
      of a date within such Plan Year.

(c)   The contributions must be made to the Plan before the end of the 12-month
      period immediately following the Plan Year to which they relate.

Qualified Matching Contributions and Qualified Nonelective Contributions
included for purposes of determining the "deferral percentage" of an Eligible
Employee who is not a Highly Compensated Employee relate to the "testing year"
and therefore must be made before the last day of the Plan Year for which the
limitation on Tax-Deferred Contributions described in Section 7.4 is being
determined.

The determination of an Eligible Employee's "deferral percentage" shall be made
after any reduction required to satisfy the Code Section 415 limitations is made
as provided in this Article VII and shall satisfy such other requirements as may
be prescribed by the Secretary of the Treasury.

                                       26

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

An "ELECTIVE CONTRIBUTION" means any employer contribution made to a plan
maintained by ail Employer or a Related Company on behalf of a Participant in
lieu of cash compensation pursuant to his written election to defer under any
qualified CODA as described in Code Section 401(k), any simplified employee
pension cash or deferred arrangement as described in Code Section 402(h)(1)(B),
any eligible deferred compensation plan under Code Section 457, or any plan as
described in Code Section 501(c)(18), and any contribution made on behalf of the
Participant by an Employer or a Related Company for the purchase of an annuity
contract under Code Section 403(b) pursuant to a salary reduction agreement.

An "'ELIGIBLE PARTICIPANT" means any Eligible Employee who ,is eligible to have
Tax-Deferred Contributions made on his behalf (if Tax-Deferred Contributions are
taken into account in determining "contribution percentages"), or to participate
in the allocation of Matching Contributions.

An "EMPLOYEE CONTRIBUTION" means any employee after-tax contribution allocated
to an Eligible Employee's account under any qualified plan of an Employer or a
Related Company.

An "EXCESS CONTRIBUTION" means any contribution made to the Plan on behalf of a
Participant that exceeds one of the limitations described in this Article.

An "EXCESS DEFERRAL" with respect to a Participant means that portion of a
Participant's Tax-Deferred Contributions for his ,taxable year that, when added
to amounts deferred for such taxable year under other plans or arrangements
described in Code Section 40l(k),408(k), or 403(b) (other than any such plan or
arrangement that is maintained by an Employer or a Related Company), would
exceed the dollar limit imposed under Code Section 402(g) as in effect on
January 1 of the calendar year in which such taxable year begins and is
includible in the Participant's gross income under Code Section 402(g).

A "LIMITATION YEAR" means the Plan Year.

A "MATCHING CONTRIBUTION" means any employer contribution allocated to an
Eligible Employee's account under any plan of an Employer or a Related Company
solely on account of "elective contributions" made on his behalf or "employee
contributions" made by him.

A "QUALIFIED MATCHING CONTRIBUTION" means any employer contribution allocated to
an Eligible Employee's account under any plan of an Employer or a Related
Company solely on account of "elective contributions" made on his behalf or
"employee contributions" made by him that is a qualified matching contribution
as defined in regulations issued under Code Section 401(k), is nonforfeitable
when made, and is distributable only as permitted in regulations issued under
Code Section 401(k).

A "QUALIFIED NONELECTIVE CONTRIBUTION" means any employer contribution allocated
to an Eligible Employee's account under any plan of an Employer or a Related
Company that the Participant could not elect instead to receive in cash, that is
a qualified nonelective contribution as defined in Code Sections 401(k) and
401(m) and regulations issued thereunder, is

                                       27

<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

nonforfeitable when made, and is distributable only as permitted in regulations
issued under Code Section 401(k).

The "TEST COMPENSATION" of an Eligible Employee or "eligible participant" for a
Plan Year means compensation as defined in Code Section 414(s) and regulations
issued thereunder, limited, however; to $150,000 (subject to adjustment annually
as provided in Code Sections 401(a)(17)(B) and 415(d); provided, however, that
the dollar increase in effect on January 1 of any calendar year, if any, is
effective for Plan Years beginning in such calendar year) and, if elected by the
Sponsor, further limited solely to "test compensation" of an Employee
attributable to periods of time when he is an Eligible Employee or "eligible
participant". If the "test compensation" of an Eligible Employee or "eligible
participant" is determined over a period of time that contains fewer than 12
calendar months, then the annual compensation limitation described above shall
be adjusted with respect to that Eligible Employee or "eligible participant" by
multiplying the annual compensation limitation in effect for the Plan Year by a
fraction the numerator of which is the number of full months in the period and
the denominator of which is 12; provided, however, that no proration is required
for an Eligible Employee or "eligible participant" who is covered under the Plan
for less than one full Plan Year if the formula for allocations is based on
Compensation for a period of at least 12 months.

The "TESTING YEAR" means the Plan Year immediately preceding the Plan Year for
which the limitations on "deferral percentages" and "contribution percentages"
of Highly Compensated Employees are being determined.

7.2   CODE SECTION 402(g) LIMIT

In no event shall the amount of the Tax-Deferred Contributions made on behalf of
an Eligible Employee for his taxable year, when aggregated with any "elective
contributions" made on behalf of the Eligible Employee under any other plan of
an Employer or a Related Company for his taxable year, exceed the dollar limit
imposed under Code Section 402(g), as in effect on January 1 of the calendar
year in which such taxable year begins. In the event that the Administrator
determines that the reduction percentage elected by an Eligible Employee will
result in his exceeding the Code Section 402(g) limit, the Administrator may
adjust the reduction authorization of such Eligible Employee by reducing the
percentage of his Tax-Deferred Contributions to such smaller percentage that
will result in the Code Section 402(g) limit not being exceeded. If the
Administrator determines that the Tax-Deferred Contributions made on behalf of
an Eligible Employee would exceed the Code Section 402(g) limit for his taxable
year, the Tax-Deferred Contributions for such Participant shall be automatically
suspended for the remainder, if any, of such taxable year.

If an Employer notifies the Administrator that the Code Section 402(g) limit has
nevertheless been exceeded by an Eligible Employee for his taxable year, the
Tax-Deferred Contributions that, when aggregated with "elective contributions"
made on behalf of the Eligible Employee under any other plan of an Employer or a
Related Company, would exceed the Code Section 402(g) limit, plus any income and
minus any losses attributable thereto, shall be distributed to

                                       28

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                                   COPY Retirement and Capital Accumulation Plan

the Eligible Employee no later than the April 15 immediately following such
taxable year. Any Tax-Deferred Contributions that are distributed to an Eligible
Employee in accordance with this Section shall not be taken into account in
determining the Eligible Employee's "deferral percentage" for the "testing year"
in which the Tax-Deferred Contributions were made, unless the Eligible Employee
is a Highly Compensated Employee.

If an amount of Tax-Deferred Contributions is distributed to a Participant in
accordance with this Section, Matching Contributions that are attributable
solely to the distributed Tax-Deferred Contributions, plus any income and minus
any losses attributable thereto, shall be forfeited by the Participant no
earlier than the date on which distribution of Tax-Deferred Contributions
pursuant to this Section occurs and no later than the last day of the Plan Year
following the Plan Year for which the Matching Contributions were made.

7.3   DISTRIBUTION OF EXCESS DEFERRALS

Notwithstanding any other provision of the Plan to the contrary, if a
Participant notifies the Administrator in writing no later than the March 1
following the close of the Participant's taxable year that "excess deferrals"
have been made on his behalf under the Plan for such taxable year, the "excess
deferrals", plus any income and minus any losses attributable thereto, shall be
distributed to the Participant no later than the April l5 immediately following
such taxable year. Any Tax-Deferred Contributions that are distributed to a
Participant in accordance with this Section shall nevertheless be taken into
account in determining the Participant's "deferral percentage" for the "testing
year" in which the Tax-Deferred Contributions were made. If an amount of
Tax-Deferred Contributions is distributed to a Participant in accordance with
this Section, Matching Contributions that are attributable solely to the
distributed Tax-Deferred Contributions, plus any income and minus any losses
attributable thereto, shall be forfeited by the Participant no earlier than the
date on which distribution of Tax-Deferred Contributions pursuant to this
Section occurs and no later than the last day of the Plan Year following the
Plan Year for which the Matching Contributions were made.

7.4   LIMITATION ON TAX-DEFERRED CONTRIBUTIONS OF HIGHLY COMPENSATED EMPLOYEES

Notwithstanding any other provision of the Plan to the contrary, the
Tax-Deferred Contributions made with respect to a Plan Year on behalf of
Eligible Employees who are Highly Compensated Employees may not result in an
average "deferral percentage" for such Eligible Employees that exceeds the
greater of:

(a)   a percentage that is equal to 125 percent of the average "deferral
      percentage" for all other Eligible Employees for the "testing year"; or

(b)   a percentage that is not more than 200 percent of the average "deferral
      percentage" for all other Eligible Employees for the "testing year" and
      that is not more than two percentage points higher than the average
      "deferral percentage" for all other Eligible Employees for the "testing
      year",

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                                   COPY Retirement and Capital Accumulation Plan

unless the "excess contributions", determined as provided in Section 7.5, are
distributed as provided in Section 7.6.

In order to assure that the limitation contained herein is not exceeded with
respect to a Plan Year, the Administrator is authorized to suspend completely
further Tax-Deferred Contributions on behalf of Highly Compensated Employees for
any remaining portion of a Plan Year or to adjust the projected "deferral
percentages" of Highly Compensated Employees by reducing the percentage of their
deferral elections for any remaining portion of a Plan Year to such smaller
percentage that will result in the limitation set forth above not being
exceeded. In the event of any such suspension or reduction, Highly Compensated
Employees affected thereby shall be notified of the reduction or suspension as
soon as possible and shall be given an opportunity to make a new deferral
election to be effective the first day of the next following Plan Year. In the
absence of such an election, the election in effect immediately prior to the
suspension or adjustment described above shall be reinstated as of the first day
of the next following Plan Year.

In determining the "deferral percentage" for any Eligible Employee who is a
Highly Compensated Employee for the Plan Year, "elective contributions",
"qualified nonelective contributions", and "qualified matching contributions"
(to the extent that "qualified nonelective contributions" and "qualified
matching contributions" are taken into account in determining "deferral
percentages") made to his accounts under any plan of an Employer or a Related
Company that is not mandatorily disaggregated pursuant to IRS regulations
Section 1.410(b)-7(c), as modified by Section 1.401(k)-1(g)(11), shall be
treated as if all such contributions were made to the Plan; provided, however,
that if such a plan has a plan year different from the Plan Year, any such
contributions made to the Highly Compensated Employee's accounts under the plan
for the plan year ending with or within the same calendar year as the Plan Year
shall be treated as if such contributions were made to the Plan. Notwithstanding
the foregoing, such contributions shall not be treated as if they were made to
the Plan if regulations issued under Code Section 401(k) do not permit such plan
to be aggregated with the Plan.

If one or more plans of an Employer or Related Company are aggregated with the
Plan for purposes of satisfying the requirements of Code Section 401(a)(4) or
410(b), then "deferral percentages" under the Plan shall be calculated as if the
Plan and such one or more other plans were a single plan. Plans maybe aggregated
to satisfy Code Section 401(k) only if they have the same plan year.

The Administrator shall maintain records sufficient to show that the limitation
contained in this Section was not exceeded with respect to any Plan Year and the
amount of the "qualified nonelective contributions" and/or "qualified matching
contributions" taken into account in determining "deferral percentages" for any
Plan Year.

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7.5   DETERMINATION AND ALLOCATION OF EXCESS TAX-DEFERRED CONTRIBUTIONS AMONG
      HIGHLY COMPENSATED EMPLOYEES

Notwithstanding any other provision of the Plan to the contrary, in the event
that the limitation on Tax-Deferred Contributions described in Section 7.4 is
exceeded in any Plan Year, the Administrator shall determine the dollar amount
of the excess by reducing the dollar amount of the contributions included in
determining the "deferral percentage" of Highly Compensated Employees in order
of their "deferral percentages" as follows:

(a)   The highest "deferral percentage(s)" shall be reduced to the greater of
      (l) the maximum "deferral percentage" that satisfies the limitation on
      Tax-Deferred Contributions described in Section 7.4 or (2) the next
      highest "deferral percentage".

(b)   If the limitation on Tax-Deferred Contributions described in Section 7.4
      would still be exceeded after application of the provisions of paragraph
      (a), the Administrator shall continue reducing "deferral percentages" of
      Highly Compensated Employees, continuing with the next highest "deferral
      percentage", in the manner provided in paragraph (a) until the limitation
      on Tax-Deferred Contributions described in Section 7.4 is satisfied.

The determination of the amount of "excess contributions" hereunder shall be
made after Tax-Deferred Contributions and "excess deferrals" have been
distributed pursuant to Sections 7.2 and 7.3, if applicable.

After determining the dollar amount of the "excess contributions" that have been
made to the Plan, the Administrator shall allocate such excess among Highly
Compensated Employees in order of the dollar amount of the Tax-Deferred and
Qualified Matching Contributions (to the extent such contributions are included
in determining "deferral percentages") allocated to their Accounts as follows:

(c)   The contributions made on behalf of the Highly Compensated Employee(s)
      with the largest dollar amount of Tax-Deferred and Qualified Matching
      Contributions allocated to his Account for the Plan Year shall be reduced
      by the dollar amount of the excess (with such dollar amount being
      allocated equally among all such Highly Compensated Employees), but not
      below the dollar amount of such contributions made on behalf of the Highly
      Compensated Employee(s) with the next highest dollar amount of such
      contributions allocated to his Account for the Plan Year.

(d)   If the excess has not been fully allocated after application of the
      provisions of paragraph (c), the Administrator shall continue reducing the
      contributions made on behalf of Highly Compensated Employees, continuing
      with the Highly Compensated Employees with the largest remaining dollar
      amount of such contributions allocated to their Accounts for the Plan
      Year, in the manner provided in paragraph (c) until the entire excess
      determined above has been allocated.

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                                   COPY Retirement and Capital Accumulation Plan

7.6   DISTRIBUTION OF EXCESS TAX-DEFERRED CONTRIBUTIONS

"Excess contributions" allocated to a Highly Compensated Employee pursuant to
the preceding Section, plus any income and minus any losses attributable
thereto, shall be distributed to the Highly Compensated Employee prior to the
end of the next succeeding Plan Year. If such excess amounts are distributed
more than 2 1/2 months after the last day of the Plan Year for which the excess
occurred, an excise tax may be imposed under Code Section 4979 on the Employer
maintaining the Plan with respect to such amounts.

Excess amounts shall be distributed from the Highly Compensated Employee's
Tax-Deferred Contributions and Qualified Matching Contributions Sub-Accounts in
proportion to the Tax-Deferred Contributions and Qualified Matching
Contributions included in determining the Highly Compensated Employee's
"deferral percentage" for the Plan Year.

If an amount of Tax-Deferred Contributions is distributed to a Participant in
accordance with this Section, Matching Contributions that are attributable
solely to the distributed Tax-Deferred Contributions, plus any income and minus
any losses attributable thereto, shall be forfeited by the Participant no
earlier than the date on which distribution of Tax-Deferred Contributions
pursuant to this Section occurs and no later than the last day of the Plan Year
following the Plan Year for which the Matching Contributions were made.

7.7   LIMITATION ON MATCHING CONTRIBUTIONS OF HIGHLY COMPENSATED EMPLOYEES

Notwithstanding any other provision of the Plan to the contrary, the Matching
Contributions made with respect to a Plan Year on behalf of "eligible
participants" who are Highly Compensated Employees may not result in an average
"contribution percentage" for such "eligible participants" that exceeds the
greater of:

(a)   a percentage that is equal to 125 percent of the average "contribution
      percentage" for all other "eligible participants" for the "testing year";
      or

(b)   a percentage that is not more than 200 percent of the average
      "contribution percentage" for all other "eligible participants" for the
      "testing year" and that is not more than two percentage points higher than
      the average "contribution percentage" for all other "eligible
      participants" for the "testing year",

unless the "excess contributions", determined as provided in Section 7.8, are
distributed as provided in Section 7.9.

In determining the "contribution percentage" for any "eligible participant" who
is a Highly Compensated Employee for the Plan Year, "matching contributions",
"employee contributions", "qualified nonelective contributions", and "elective
contributions" (to the extent that "qualified nonelective contributions" and
"elective contributions" are taken into account in determining "contribution
percentages") made to his accounts under any plan of an Employer or a Related
Company that is not mandatorily disaggregated pursuant to IRS regulations
Section 1.410(b)-

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                                   COPY Retirement and Capital Accumulation Plan

7(c), as modified by IRS regulations Section 1.401(k)-1(g)(11), shall be treated
as if all such contributions were made to the Plan; provided, however, that if
such a plan has a plan year different from the Plan Year, any such contributions
made to the Highly Compensated Employee's accounts under the plan for the plan
year ending with or within the same calendar year as the Plan Year shall be
treated as if such contributions were made to the Plan. Notwithstanding the
foregoing, such contributions shall not be treated as if they were made to the
Plan if regulations issued under Code Section 401(m) do not permit such plan to
be aggregated with the Plan.

If one or more plans of an Employer or a Related Company are aggregated with the
Plan for purposes of satisfying the requirements of Code Section 401(a)(4) or
410(b),the "contribution percentages" under the Plan shall be calculated as if
the Plan and such one or more other plans were a single plan. Plans may be
aggregated to satisfy Code Section 401(m) only if they have the same plan year.

The Administrator shall maintain records sufficient to show that the limitation
contained in this Section was not exceeded with respect to any Plan Year and the
amount of the "elective contributions", "qualified nonelective contributions",
and/or "qualified matching contributions" taken into account in determining
"contribution percentages" for any Plan Year.

7.8   DETERMINATION AND ALLOCATION OF EXCESS MATCHING CONTRIBUTIONS AMONG HIGHLY
      COMPENSATED EMPLOYEES

Notwithstanding any other provision of the Plan to the contrary, in the event
that the limitation on Matching Contributions described in Section 7.7 is
exceeded in any Plan Year, the Administrator shall determine the dollar amount
of the excess by reducing the dollar amount of the contributions included in
determining the "contribution percentage" of Highly Compensated Employees in
order of their "contribution percentages" as follows:

(a)   The highest "contribution percentage(s)" shall be reduced to the greater
      of (1) the maximum "contribution percentage" that satisfies the limitation
      on Matching Contributions described in Section 7.7 or (2) the next highest
      "contribution percentage".

(b)   If the limitation on Matching Contributions described in Section 7.7 would
      still be exceeded after application of the provisions of paragraph (a),
      the Administrator shall continue reducing "contribution percentages" of
      Highly Compensated Employees, continuing with the next highest
      "contribution percentage", in the manner provided in paragraph (a) until
      the limitation on Matching Contributions described in Section 7.7 is
      satisfied.

The determination of the amount of excess Matching Contributions shall be made
after application of Sections 7.2, 7.3, and 7.6, if applicable.

After determining the dollar amount of the "excess contributions" that have been
made to the Plan, the Administrator shall allocate such excess among Highly
Compensated Employees in

                                       33

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                                   COPY Retirement and Capital Accumulation Plan

order of the dollar amount of the Matching and Tax-Deferred Contributions (to
the extent such contributions are included in determining "contribution
percentages") allocated to their Accounts as follows:

(c)   The contributions made on behalf of the Highly Compensated Employee(s)
      with the largest dollar amount of Matching and Tax-Deferred Contributions
      allocated to his Account for the Plan Year shall be reduced by the dollar
      amount of the excess (with such dollar amount being allocated equally
      among all such Highly Compensated Employees), but not below the dollar
      amount of such contributions made on behalf of the Highly Compensated
      Employee(s) with the next highest dollar amount of such contributions
      allocated to his Account for the Plan Year.

(d)   If the excess has not been fully allocated after application of the
      provisions of paragraph (c), the Administrator shall continue reducing the
      contributions made on behalf of Highly Compensated Employees, continuing
      with the Highly Compensated Employees with the largest remaining dollar
      amount of such contributions allocated to their Accounts for the Plan
      Year, in the manner provided in paragraph (c) until the entire excess
      determined above has been allocated.

7.9   DISTRIBUTION OF EXCESS CONTRIBUTIONS

"Excess contributions" allocated to a Highly Compensated Employee pursuant to
the preceding Section, plus any income and minus any losses attributable
thereto, shall be distributed to the Participant prior to the end of the next
succeeding Plan Year as hereinafter provided. If such excess amounts are
distributed more than 2 1/2 months after the last day of the Plan Year for which
the excess occurred, an excise tax may be imposed under Code Section 4979 on the
Employer maintaining the Plan with respect to such amounts.

The distribution requirement of this Section shall be satisfied by reducing
contributions made by or on behalf of the Highly Compensated Employee to the
extent necessary in the following order:

(a)   Matching Contributions included in determining the Highly Compensated
      Employee's "contribution percentage" shall be distributed.

(b)   Tax-Deferred Contributions included in determining the Highly Compensated
      Employee's "contribution percentage" shall be distributed.

7.10  MULTIPLE USE LIMITATION

Notwithstanding any other provision of the Plan to the contrary, the following
multiple use limitation as required under Code Section 401(m) shall apply: the
sum of the average "deferral percentage" for Eligible Employees who are Highly
Compensated Employees and the average "contribution percentage" for "eligible
participants" who are Highly Compensated Employees may not exceed the "aggregate
limit". In the event that, after satisfaction of the limitations

                                       34

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                                   COPY Retirement and Capital Accumulation Plan

provided under this Article, it is determined that contributions under the Plan
fail to satisfy the multiple use limitation contained herein, the multiple use
limitation shall be satisfied by further reducing the "contribution percentages"
of "eligible participants" who are Highly Compensated Employees to the extent
necessary to eliminate the excess, as provided in the preceding Sections.
Instead of reducing "contribution percentages", the Administrator may determine
to satisfy the multiple use limitation in an alternative manner, consistently
applied, that may be permitted by regulations issued under Code Section 401(m).

7.11  TREATMENT OF FORFEITED MATCHING CONTRIBUTIONS

Any Matching Contributions that are forfeited pursuant to the provisions of the
preceding Sections of this Article shall be applied against the Employer
Contribution obligations for any subsequent Contribution Period of the Employer
for which the Participant most recently performed services as an Employee or
against Plan expenses, as directed by the Administrator. Notwithstanding the
foregoing, however, should the amount of all such forfeitures for any
Contribution Period with respect to any Employer exceed the amount of such
Employer's Employer Contribution obligation for the Contribution Period, the
excess amount of such forfeitures shall be held unallocated in a suspense
account established with respect to the Employer and shall for all Plan purposes
be applied against Plan expenses and the Employer's Employer Contribution
obligations for the following Contribution Period.

7.12  DETERMINATION OF INCOME OR LOSS

The income or loss attributable to "excess contributions" that are distributed
pursuant to this Article shall be determined for the preceding Plan Year under
the method otherwise used for allocating income or loss to Participants'
Accounts.

7.13  CODE SECTION 415 LIMITATIONS ON CREDITING OF CONTRIBUTIONS AND FORFEITURES

Notwithstanding any other provision of the Plan to the contrary, the "annual
addition" with respect to a Participant for a "limitation year" shall in no
event exceed the lesser of (i) $30,000 (adjusted as provided in Code Section
415(d)) or (ii) 25 percent of the Participant's compensation, as defined in Code
Section 415(c)(3) and regulations issued thereunder, for the "limitation year";
provided, however, that the limit in clause (i) shall be pro-rated for any short
"limitation year". If the "annual addition" to the Account of a Participant in
any "limitation year" would otherwise exceed the amount that may be applied for
his benefit under the limitation contained in this Section, the limitation shall
be satisfied by reducing contributions made to the Participant's Account to the
extent necessary in the following order:

      Tax-Deferred Contributions made on behalf of the Participant for the
      "limitation year" that have not been matched, if any, shall be reduced.

      Tax-Deferred Contributions made on behalf of the Participant for the
      "limitation year" that have been matched, if any, and the Matching
      Contributions attributable thereto shall be reduced pro rata.

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                                   COPY Retirement and Capital Accumulation Plan

      Profit-Sharing Contributions otherwise allocable to the Participant's
      Account for the "limitation year", if any, shall be reduced.

      Forfeitures otherwise allocable to the Participant's Account for the
      "limitation year", if any, shall be reduced.

      Qualified Nonelective Contributions otherwise allocable to the
      Participant's Account for the "limitation year", if any, shall be reduced.

The amount of any reduction of Tax -Deferred Contributions (plus any income
attributable thereto) shall be returned to the Participant. The amount of any
reduction of Employer Contributions shall be deemed a forfeiture for the
"limitation year".

Amounts deemed to be forfeitures under this Section shall be held unallocated in
a suspense account established for the "limitation year" and shall be applied
against the Employer's contribution obligation for the next following
"limitation year" (and succeeding "limitation years", as necessary). If a
suspense account is in existence at any time during a "limitation year", all
amounts in the suspense account must be applied against the Employer's
contribution obligation before any further contributions that would constitute
"annual additions" may be made to the Plan. No suspense account established
hereunder shall share in any increase or decrease in the net worth of the Trust.

For purposes of this Article, excesses shall result only from the allocation of
forfeitures, a reasonable error in estimating a Participant's annual
compensation (as defined in Code Section 415(c)(3) and regulations issued
thereunder), a reasonable error in determining the amount of "elective
contributions" that may be made with respect to any Participant under the limits
of Code Section 415, or other limited facts and circumstances that justify the
availability of the provisions set forth above.

7.14  APPLICATION OF CODE SECTION 415 LIMITATIONS WHERE PARTICIPANT IS COVERED
      UNDER OTHER QUALIFIED DEFINED CONTRIBUTION PLAN

If a Participant is covered by any other qualified defined contribution plan
(whether or not terminated) maintained by an Employer or a Related Company
concurrently with the Plan, and if the "annual addition" for the "limitation
year" would otherwise exceed the amount that may be applied for the
Participant's benefit under the limitation contained in the preceding Section,
such excess shall be reduced first by returning or forfeiting, as provided under
the applicable defined contribution plan, the contributions last allocated to
the Participant's accounts for the "limitation year" under all such defined
contribution plans, and, to the extent such contributions are returned to the
Participant, the income attributable thereto. If contributions are allocated to
the defined contribution plans as of the same date, any excess shall be
allocated pro rata among the defined contribution plans. For purposes of
determining the order of reduction hereunder, contributions to a simplified
employee pension plan described in Code Section 408(k) shall be deemed to have
been allocated first and contributions to a welfare benefit fund or individual
medical account

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<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

shall be deemed to have been allocated next, regardless of the date such
contributions were actually allocated.

7.15  SCOPE OF LIMITATIONS

The Code Section 415 limitations contained in the preceding Sections shall be
applicable only with respect to benefits provided pursuant to defined
contribution plans and defined benefit plans described in Code Section 415(k).
For purposes of applying the Code Section 415 limitations contained in the
preceding Sections, the term "Related Company" shall be adjusted as provided in
Code Section 415(h).

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                                   COPY Retirement and Capital Accumulation Plan

                    ARTICLE VIII -- TRUST FUNDS AND ACCOUNTS

8.1   GENERAL FUND

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

8.2   INVESTMENT FUNDS

The Sponsor shall determine the number and type of Investment Funds and shall
communicate the same and any changes therein in writing to the Administrator and
the Trustee. Each Investment Fund shall be held and administered as a separate
common trust fund. The interest of each Participant or Beneficiary under the
Plan in any Investment Fund shall be an undivided interest.

8.3   LOAN INVESTMENT FUND

If a loan from the Plan to a Participant is approved in accordance with the
provisions of Article XII, the Sponsor shall direct the establishment and
maintenance of a loan Investment Fund in the Participant's name. The assets of
the loan Investment Fund shall be held as a separate trust fund. A Participant's
loan Investment Fund shall be invested in the note(s) reflecting the loan(s)
made to the Participant in accordance with the provisions of Article XII.
Notwithstanding any other provision of the Plan to the contrary, income received
with respect to a Participant's loan Investment Fund shall be allocated and the
loan Investment Fund shall be administered as provided in Article XII.

8.4   DEFAULT INVESTMENT FUND

The Trustee shall maintain a default Investment Fund which shall be held and
administered as a separate common trust fund. The interest of each Participant
or Beneficiary under the Plan in the default Investment Fund shall be an
undivided interest. The default Investment Fund shall be invested in federally
insured savings accounts, certificates of deposit in a bank or savings and loan
association, money market certificates or funds, or other liquid short-term
securities.

8.5   INCOME ON TRUST

Any dividends, interest, distributions, or other income received by the Trustee
with respect to any Trust Fund maintained hereunder shall be allocated by the
Trustee to the Trust Fund for which the income was received.

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                                   COPY Retirement and Capital Accumulation Plan

8.6   ACCOUNTS

As of the first date a contribution is made by or on behalf of an Employee there
shall be established an Account in his name reflecting his interest in the
Trust. Each Account shall be maintained and administered for each Participant
and Beneficiary in accordance with the provisions of the Plan. The balance of
each Account shall be the balance of the account after all credits and charges
thereto, for and as of such date, have been made as provided herein.

8.7   SUB-ACCOUNTS

A Participant's Account shall be divided into such separate, individual
Sub-Accounts as are necessary or appropriate to reflect the Participant's
interest in the Trust.

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                                   COPY Retirement and Capital Accumulation Plan

                     ARTICLE IX -- LIFE INSURANCE CONTRACTS

9.1   NO LIFE INSURANCE CONTRACTS

A Participant's Account may not be invested in life insurance contracts on the
life of the Participant.

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<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

              ARTICLE X -- DEPOSIT AND INVESTMENT OF CONTRIBUTIONS

10.1  FUTURE CONTRIBUTION INVESTMENT ELECTIONS

Each Eligible Employee shall make an investment election in the manner and form
prescribed by the Administrator directing the manner in which the contributions
made on his behalf shall be invested. An Eligible Employee's investment election
shall specify the percentage, in one percent increments, of such contributions
that shall be allocated to one or more of the Investment Funds with the sum of
such percentages equaling 100 percent. The investment election by a Participant
shall remain in effect until his entire interest under the Plan is distributed
or forfeited in accordance with the provisions of the Plan or until he records a
change of investment election with the Administrator, in such form as the
Administrator shall prescribe. If recorded in accordance with any rules
prescribed by the Administrator, a Participant's change of investment election
may be implemented effective as of the business day on which the Administrator
receives the Participant's instructions.

10.2  DEPOSIT OF CONTRIBUTIONS

All contributions made on a Participant's behalf shall be deposited in the Trust
and allocated among the Investment Funds in accordance with the Participant's
currently effective investment election. If no investment election is recorded
with the Administrator at the time contributions are to be deposited to a
Participant's Account, his contributions shall be allocated to the guaranteed
income fund.

10.3  ELECTION TO TRANSFER BETWEEN FUNDS

A Participant may elect to transfer investments from any Investment Fund to any
other Investment Fund. The Participant's transfer election shall specify a
percentage, in the percentage increments prescribed by the Administrator, of the
amount eligible for transfer that is to be transferred, which percentage may not
exceed 100 percent. Any transfer election must be recorded with the
Administrator, in such form as the Administrator shall prescribe. Subject to any
restrictions pertaining to a particular Investment Fund, if recorded in
accordance with any rules prescribed by the Administrator, a Participant's
transfer election may be implemented effective as of the business day on which
the Administrator receives the Participant's instructions.

10.4  404(c) PROTECTION

The Plan is intended to constitute a plan described in ERISA Section 404(c) and
regulations issued thereunder. The fiduciaries of the Plan may be relieved of
liability for any losses that are the direct and necessary result of investment
instructions given by a Participant, his Beneficiary, or an alternate payee
under a qualified domestic relations order.

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<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

                  ARTICLE XI -- CREDITING AND VALUING ACCOUNTS

11.1  CREDITING ACCOUNTS

All contributions made under the provisions of the Plan shall be credited to
Accounts in the Trust Funds by the Trustee, in accordance with procedures
established in writing by the Administrator, either when received or on the
succeeding Valuation Date after valuation of the Trust Fund has been completed
for such Valuation Date as provided in Section 11.2, as shall be determined by
the Administrator.

11.2  VALUING ACCOUNTS

Accounts in the Trust Funds shall be valued by the Trustee on the Valuation
Date, in accordance with procedures established in writing by the Administrator,
either in the manner adopted by the Trustee and approved by the Administrator or
in the manner set forth in Section 11.3 as Plan valuation procedures, as
determined by the Administrator.

11.3  PLAN VALUATION PROCEDURES

With respect to the Trust Funds, the Administrator may determine that the
following valuation procedures shall be applied. As of each Valuation Date
hereunder, the portion of any Accounts in a Trust Fund shall be adjusted to
reflect any increase or decrease in the value of the Trust Fund for the period
of time occurring since the immediately preceding Valuation Date for the Trust
Fund (the "valuation period") in the following manner:

(a)   First, the value of the Trust Fund shall be determined by valuing all of
      the assets of the Trust Fund at fair market value.

(b)   Next, the net increase or decrease in the value of the Trust Fund
      attributable to net income and all profits and losses, realized and
      unrealized, during the valuation period shall be determined on the basis
      of the valuation under paragraph (a) taking into account appropriate
      adjustments for contributions, loan payments, and transfers to and
      distributions, withdrawals, loans, and transfers from such Trust Fund
      during the valuation period.

(c)   Finally, the net increase or decrease in the value of the Trust Fund shall
      be allocated among Accounts in the Trust Fund in the ratio of the balance
      of the portion of such Account in the Trust Fund as of the preceding
      Valuation Date less any distributions, withdrawals, loans, and transfers
      from such Account balance in the Trust Fund since the Valuation Date to
      the aggregate balances of the portions of all Accounts in the Trust Fund
      similarly adjusted, and each Account in the Trust Fund shall be credited
      or charged with the amount of its allocated share. Notwithstanding the
      foregoing, the Administrator may adopt such accounting procedures as it
      considers appropriate and equitable to establish a proportionate crediting
      of net increase or decrease in the value of the Trust

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                                   COPY Retirement and Capital Accumulation Plan

      Fund for contributions, loan payments, and transfers to and distributions,
      withdrawals, loans, and transfers from such Trust Fund made by or on
      behalf of a Participant during the valuation period.

11.4  FINALITY OF DETERMINATIONS

The Trustee shall have exclusive responsibility for determining the value of
each Account maintained hereunder. The Trustee's determinations thereof shall be
conclusive upon all interested parties.

11.5  NOTIFICATION

Within a reasonable period of time after the end of each Plan Year, the
Administrator shall notify each Participant and Beneficiary of the value of his
Account and Sub-Accounts as of a Valuation Date during the Plan Year.

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                                   COPY Retirement and Capital Accumulation Plan

                              ARTICLE XII -- LOANS

12.1  APPLICATION FOR LOAN

A Participant who is a party in interest as defined in ERISA Section 3(14) may
make application to the Administrator for a loan from his Account. Loans shall
be made to Participants in accordance with written guidelines which are hereby
incorporated into and made a part of the Plan. To the extent that such written
guidelines comply with the requirements of Code Section 72(p), but are
inconsistent with the provisions of this Article, such written guidelines shall
be given effect.

As collateral for any loan granted hereunder, the Participant shall grant to the
Plan a security interest in his vested interest under the Plan equal to the
amount of the loan; provided, however, that in no event may the security
interest exceed 50 percent of the Participant's vested interest under the Plan
determined as of the date as of which the loan is originated in accordance with
Plan provisions. In the case of a Participant who is an active employee, the
Participant also shall enter into an agreement to repay the loan by payroll
withholding. No loan in excess of 50 percent of the Participant's vested
interest under the Plan shall be made from the Plan. Loans shall not be made
available to Highly Compensated Employees in an amount greater than the amount
made available to other employees.

A loan shall not be granted unless the Participant consents to the charging of
his Account for unpaid principal and interest amounts in the event the loan is
declared to be in default.

12.2  REDUCTION OF ACCOUNT UPON DISTRIBUTION

Notwithstanding any other provision of the Plan, the amount of a Participant's
Account that is distributable to the Participant or his Beneficiary under
Article XIII or XV shall be reduced by the portion of his vested interest that
is held by the Plan as security for any loan outstanding to the Participant,
provided that the reduction is used to repay the loan. If distribution is made
because of the Participant's death prior to the commencement of distribution of
his Account and the Participant's vested interest in his Account is payable to
more than one Individual as Beneficiary, then the balance of the Participant's
vested interest in his Account shall be adjusted by reducing the vested account
balance by the amount of the security used to repay the loan, as provided in the
preceding sentence, prior to determining the amount of the benefit payable to
each such individual.

12.3  REQUIREMENTS TO PREVENT A TAXABLE DISTRIBUTION

Notwithstanding any other provision of the Plan to the contrary, the following
terms and conditions shall apply to any loan made to a Participant under this
Article:

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                                   COPY Retirement and Capital Accumulation Plan

(a)   The interest rate on any loan to a Participant shall be commensurate with
      current prime interest rates charged for loans made under similar
      circumstances by persons in the business of lending money plus one
      percent.

(b)   The amount of any loan to a Participant (when added to the outstanding
      balance of all other loans to the Participant from the Plan or any other
      plan maintained by an Employer or a Related Company) shall not exceed the
      lesser of:

      (i)   $50,000, reduced by the excess, if any, of the highest outstanding
            balance of any other loan to the Participant from the Plan or any
            other plan maintained by an Employer or a Related Company during the
            preceding 12-month period over the outstanding balance of such loans
            on the date a loan is made hereunder; or

      (ii)  50 percent of the vested portions of the Participant's Account and
            his vested interest under all other plans maintained by an Employer
            or a Related Company.

(c)   The term of any loan to a Participant shall be no greater than five years,
      except in the case of a loan used to acquire any dwelling unit which
      within a reasonable period of time is to be used (determined at the time
      the loan is made) as a principal residence (as defined in Code Section
      121) of the Participant.

(d)   Substantially level amortization shall be required over the term of the
      loan with payments made not less frequently than quarterly, except that if
      so provided in the written guidelines applicable to Plan loans, the
      amortization schedule may be waived and payments suspended while a
      Participant is on a leave of absence from employment with an Employer or
      any Related Company (for periods in which the Participant does not perform
      military service as described in paragraph (e)), provided that all of the
      following requirements are met:

      (i)   Such leave is either without pay or at a reduced rate of pay that,
            after withholding for employment and income taxes, is less than the
            amount required to be paid under the amortization schedule;

      (ii)  Payments resume after the earlier of (a) the date such leave of
            absence ends or (b) the one-year anniversary of the date such leave
            began;

      (iii) The period during which payments are suspended does not exceed three
            times the Participant's period of service, up to a maximum of five
            years;

      (iv)  Payments resume in an amount not less than the amount required under
            the original amortization schedule; and

      (v)   The waiver of the amortization schedule does not extend the period
            of the loan beyond the maximum period permitted under this Article.

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                                   COPY Retirement and Capital Accumulation Plan

(e)   If a Participant is absent from employment with any Employer or any
      Related Company for a period during which he performs services in the
      uniformed services (as defined in chapter 45 of title 38 of the United
      States Code), whether or not such services constitute qualified military
      service, the suspension of payments shall not be taken into account for
      purposes of applying either paragraph (c) or paragraph (d) of this Section
      provided that all of the following requirements are met:

      (i)   Payments resume upon completion of such military service;

      (ii)  Payments resume in an amount not less than the amount required under
            the original amortization schedule and continue in such amount until
            the loan is repaid in full;

      (iii) Upon resumption, payments are made no less frequently than required
            under the original amortization schedule and continue under such
            schedule until the loan is repaid in full; and

      (iv)  The loan is repaid in full, including interest accrued during the
            period of such military service, no later than the last scheduled
            repayment date under the original amortization schedule extended by
            the period of such military service.

(f)   The loan shall be evidenced by a legally enforceable agreement that
      demonstrates compliance with the provisions of this section.

12.4  ADMINISTRATION OF LOAN INVESTMENT FUND

Upon approval of a loan to a Participant, the Administrator shall direct the
Trustee to transfer an amount equal to the loan amount from the Investment Funds
in which it is invested, as directed by the Administrator, to the loan
Investment Fund established in the Participant's name. Any loan approved by the
Administrator shall be made to the Participant out of the Participant's loan
Investment Fund. All principal and interest paid by the Participant on a loan
made under this Article shall be deposited to his Account and shall be allocated
upon receipt among the Investment Funds in accordance with the Participant's
currently effective investment election. The balance of the Participant's loan
Investment Fund shall be decreased by the amount of principal payments and the
loan Investment Fund shall be terminated when the loan has been repaid in full.

12.5  DEFAULT

If either (1) a Participant fails to make or cause to be made, any payment
required under the terms of the loan within 90 days following the date on which
such payment shall become due, unless payment is not made because the
Participant is on a leave of absence and the amortization schedule is waived as
provided in Section 12.3(d) or (e), or (2) there is an outstanding principal
balance existing on a loan after the last scheduled repayment date (extended as
provided in Section 12.3(e), if applicable), the Administrator shall direct the
Trustee to declare the loan to be

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                                   COPY Retirement and Capital Accumulation Plan

in default, and the entire unpaid balance of such loan, together with accrued
interest, shall be immediately due and payable. In any such event, if such
balance and interest thereon is not then paid, the Trustee shall charge the
Account of the borrower with the amount of such balance and interest as of the
earliest date a distribution may be made from the Plan to the borrower without
adversely affecting the tax qualification of the Plan or of the cash or deferred
arrangement.

12.6  DEEMED DISTRIBUTION UNDER CODE SECTION 72(p)

If a Participant's loan is in default as provided in Section 12.5, the
Participant shall be deemed to have received a taxable distribution in the
amount of the outstanding loan balance as required under Code Section 72(p),
whether or not distribution may actually be made from the Plan without adversely
affecting the tax qualification of the Plan.

If a Participant is deemed to have received distribution of an outstanding loan
balance hereunder, no further loans may be made to such Participant from his
Account unless either (a) there is a legally enforceable arrangement among the
Participant, the Plan, and the Participant's employer that repayment of such
loan shall be made by payroll withholding or (b) the loan is secured by such
additional collateral consisting of real, personal, or other property
satisfactory to the Administrator to provide adequate security for the loan.

12.7  TREATMENT OF OUTSTANDING BALANCE OF LOAN DEEMED DISTRIBUTED UNDER CODE
      SECTION 72(p)

With respect to any loan made on or after January 1, 2002, the balance of such
loan that is deemed -to have been distributed to a Participant hereunder shall
cease to be an outstanding loan for purposes of Code Section 72(p) and a
Participant shall not be treated as having received a taxable distribution when
his Account is offset by such outstanding loan balance as provided in Section
12.5. Any interest that accrues on a loan after it is deemed to have been
distributed shall not be treated as an additional loan to the Participant and
shall not be included in the Participant's taxable income as a deemed
distribution. Notwithstanding the foregoing, however, unless a Participant
repays such loan, with interest, the amount of such loan, with interest thereon
calculated as provided in the original loan note, shall continue to be
considered an outstanding loan for purposes of determining the maximum
permissible amount of any subsequent loan under Section 12.3(b).

If a Participant elects to make payments on a loan after it is deemed to have
been distributed hereunder, such payments shall be treated as After-Tax
Contributions to the Plan solely for purposes of determining the taxable portion
of the Participant's Account and shall not be treated as After-Tax Contributions
for any other Plan purpose, including application of the limitations on
contributions applicable under Code Sections 401(m) and 415;

12.8  SPECIAL RULES APPLICABLE TO LOANS

Any loan made hereunder shall be subject to the following rules:

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                                   COPY Retirement and Capital Accumulation Plan

(a)   Minimum Amount: A Participant may not request a loan for less than $1,000.

(b)   Maximum Number of Outstanding Loans: A Participant may not have more than
      two outstanding loans at any time. A Participant with two outstanding
      loans may not apply for another loan until all but one of the existing
      loans is repaid in full and may not refinance an existing loan or obtain a
      third loan for the purpose of paying off an existing loan.

(c)   Maximum Period for Principal Residence Loan: The term of any loan to a
      Participant that is used to acquire any dwelling unit which within a
      reasonable period of time is to be used (determined at the time the loan
      is made) as a principal residence (as defined in Code Section 121) of the
      Participant shall be no greater than ten years.

(d)   Pre-Payment Without Penalty: A Participant may pre-pay the balance of any
      loan hereunder prior to the date it is due without penalty.

(e)   Effect of Termination of Employment: Upon a Participant's termination of
      employment, the balance of any outstanding loan hereunder shall
      immediately become due and owing.

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                                   COPY Retirement and Capital Accumulation Plan

                   ARTICLE XIII -- WITHDRAWALS WHILE EMPLOYED

13.1  NON-HARDSHIP WITHDRAWALS OF ROLLOVER CONTRIBUTIONS

A Participant who is employed by an Employer or a Related Company may elect at
any time, subject to the limitations and conditions prescribed in this Article,
to make a cash withdrawal from his Rollover Contributions Sub-Account.

13.2  AGE 59 1/2 WITHDRAWALS

A Participant who is employed by an Employer or a Related Company and who has
attained age 59 1/2 may elect, subject to the limitations and conditions
prescribed in this Article, to make a cash withdrawal from his vested interest
in any of the following Sub-Accounts:

(a)   his Tax-Deferred Contributions Sub-Account.

(b)   his Profit-Sharing Contributions Sub-Account.

(c)   his Regular Matching Contributions Sub-Account.

(d)   his Rollover Contributions Sub-Account.

13.3  OVERALL LIMITATIONS ON NON-HARDSHIP WITHDRAWALS

Non-hardship withdrawals made pursuant to this Article shall be subject to the
following conditions and limitations:

(a)   A Participant must apply for a non-hardship withdrawal such number of days
      prior to the date as of which it is to be effective as the Administrator
      may prescribe.

(b)   Withdrawals may be made effective as soon as administratively practicable
      after the Administrator's approval of the Participant's withdrawal
      application.

13.4  HARDSHIP WITHDRAWALS

A Participant who is employed by an Employer or a Related Company and who is
determined by the Administrator to have incurred a hardship in accordance with
the provisions of this Article may elect, subject to the limitations and
conditions prescribed in this Article, to make a cash withdrawal from his vested
interest in any of the following Sub-Accounts:

(a)   his Tax-Deferred Contributions Sub-Account, excluding any income credited
      to such Sub-Account.

(b)   his Rollover Contributions Sub-Account.

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                                   COPY Retirement and Capital Accumulation Plan

13.5  HARDSHIP DETERMINATION

The Administrator shall grant a hardship withdrawal only if it determines that
the withdrawal is necessary to meet an immediate and heavy financial need of the
Participant. An immediate and heavy financial need of the Participant means a
financial need on account of:

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

(b)   costs directly related to the purchase (excluding mortgage payments) of a
      principal residence for the Participant;

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

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

13.6  SATISFACTION OF NECESSITY REQUIREMENT FOR HARDSHIP WITHDRAWALS

A withdrawal shall be deemed to be necessary to satisfy an immediate and heavy
financial need or a Participant only if the Participant satisfies one of the
following sets of conditions as elected by the Participant:

(a)   The Participant represents, and the Administrator has no actual knowledge
      to the contrary, that the need cannot be relieved

      (i)   through reimbursement or compensation by insurance or otherwise,

      (ii)  by reasonable liquidation of the Participant's assets, to the extent
            such liquidation would not itself cause an immediate and heavy
            financial need,

      (iii) by cessation of Tax-Deferred Contributions, or

      (iv)  by other distributions or nontaxable (at the time of the loan) loans
            from plans maintained by an Employer or. any Related Company, or by
            borrowing from commercial sources on reasonable commercial terms.

For purposes of the foregoing, a Participant's resources shall be deemed to
include those assets of his spouse and minor children that are reasonably
available to the Participant.

(b)   The Participant satisfies all of the following requirements:

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                                   COPY Retirement and Capital Accumulation Plan

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

      (ii)  The Participant has obtained all distributions, other than hardship
            distributions, and all non-taxable loans currently available under
            all plans maintained by an Employer or any Related Company.

      (iii) The Participant's Tax-Deferred Contributions and the Participant's
            "elective contributions" and "employee contributions", as defined in
            Article VII, under all other qualified and non-qualified deferred
            compensation plans maintained by an Employer or any Related Company
            shall be suspended for at least 12 months after his receipt of the
            withdrawal.

      (iv)  The Participant's Tax-Deferred Contributions and "elective
            contributions", as defined in Article VII, for his taxable year
            immediately following the taxable year of the withdrawal shall not
            exceed the applicable limit under Code Section 402(g) for such next
            taxable year less the amount of the Participant's Tax-Deferred
            Contributions and "elective contributions" for the taxable year of
            the withdrawal.

      A Participant shall not fail to be treated as an Eligible Employee for
      purposes of applying the limitations contained in Article VII of the Plan
      merely because his Tax-Deferred Contributions are suspended in accordance
      with this Section.

13.7  CONDITIONS AND LIMITATIONS ON HARDSHIP WITHDRAWALS

Hardship withdrawals made pursuant to this Article shall be subject to the
following conditions and limitations:

(a)   A Participant must apply for a hardship withdrawal such number of days
      prior to the date as of which it is to be effective as the Administrator
      may prescribe.

(b)   Hardship withdrawals may be made effective as soon as administratively
      practicable after the Administrator's approval of the Participant's
      withdrawal application.

(c)   The amount of a hardship withdrawal may include any amounts necessary to
      pay any Federal, state, or local income taxes or penalties reasonably
      anticipated to result from the distribution.

13.8  ORDER OF WITHDRAWAL FROM A PARTICIPANT'S SUB-ACCOUNTS

Distribution of a withdrawal amount shall be made from a Participant's
Sub-Accounts, to the extent necessary, in the order prescribed by the
Administrator, which order shall be uniform with respect to all Participants and
non-discriminatory. If the Sub-Account from which a Participant is receiving a
withdrawal is invested in more than one Investment Fund, the withdrawal shall be
charged against the Investment Funds as directed by the Administrator.

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                                   COPY Retirement and Capital Accumulation Plan

          ARTICLE XIV -- TERMINATION OF EMPLOYMENT AND SETTLEMENT DATE

14.1  TERMINATION OF EMPLOYMENT AND SETTLEMENT DATE

A Participant's Settlement Date shall occur on the date he terminates employment
with the Employers and all Related Companies because of death, disability,
retirement, or other termination of employment. Written notice of a
Participant's Settlement Date shall be given by the Administrator to the
Trustee.

14.2  DISPOSITION OF NON-VESTED AMOUNTS

That portion of a Participant's Employer Contributions Sub-Account that is not
vested upon the occurrence of his Settlement Date shall be disposed of as
follows:

(a)   If the Participant has no vested interest in his Account upon the
      occurrence of his Settlement Date or his vested interest in his Account as
      of the date of distribution does not exceed $5,000, resulting in the
      distribution or deemed distribution to the Participant of his entire
      vested interest in his Account, the non-vested balance remaining in the
      Participant's Employer Contributions Sub-Account shall be forfeited and
      his Account closed as of (i) the Participant's Settlement Date, if the
      Participant has no vested interest in his Account and is therefore deemed
      to have received distribution on that date, or (ii) the date actual
      distribution is made to the Participant.

(b)   If the Participant's vested interest in his Account exceeds $5,000 and the
      Participant is eligible for and consents in writing to a single sum
      payment of his vested interest in his Account, the non-vested balance
      remaining in the Participant's Employer Contributions Sub-Account shall be
      forfeited and his Account closed as of the date the single sum payment
      occurs, provided that such distribution is made because of the
      Participant's Settlement Date. A distribution is deemed to be made because
      of a Participant's Settlement Date if it occurs prior to the end of the
      second Plan Year beginning on or after the Participant's Settlement Date.

(c)   If neither paragraph (a) nor paragraph (b) is applicable, the non-vested
      balance remaining in the Participant's Employer Contributions Sub-Account
      shall continue to be held in such Sub-Account and shall not be forfeited
      until the date the Participant incurs five consecutive Breaks in Service.

14.3  TREATMENT OF FORFEITED AMOUNTS

Whenever the non-vested balance of a Participant's Employer Contributions
Sub-Account is forfeited during a Plan Year in accordance with the provisions of
the preceding Section, the amount of such forfeiture shall be applied against
the Employer Contribution obligations for any subsequent Contribution Period of
the Employer for which the Participant last performed services as an Employee or
against Plan expenses, as directed by the Administrator.

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                                   COPY Retirement and Capital Accumulation Plan

Notwithstanding the foregoing, however, should the amount of all such
forfeitures for any Contribution Period with respect to any Employer exceed the
amount of such Employer's Employer Contribution obligation for the Contribution
Period, the excess amount of such forfeitures shall be held unallocated in a
suspense account established with respect to the Employer and shall be applied
against Plan expenses and the Employer's Employer Contribution, obligations for
the following Contribution Period.

14.4  RECREDITING OF FORFEITED AMOUNTS

A former Participant who forfeited the non-vested portion of his Employer
Contributions Sub-Account in accordance with the provisions of paragraph (a) or
(b) of Section and who is reemployed by an Employer or a Related Company shall
have such forfeited amounts recredited to a new Account in his name, without
adjustment for interim gains or losses experienced by the Trust, if he returns
to employment with an Employer or a Related Company before he incurs five
consecutive Breaks in Service commencing after the date he received, or is
deemed to have received, distribution of his vested interest in his Account.
Funds needed in any Plan Year to recredit the Account of a Participant with the
amounts of prior forfeitures in accordance with the preceding sentence shall
come first from forfeitures that arise during such Plan Year, and then from
Trust income earned in such Plan Year, to the extent that it has not yet been
allocated among Participants' Accounts as provided in Article XI, with each
Trust Fund being charged with the amount of such income proportionately, unless
his Employer chooses to make an additional Employer Contribution, and shall
finally be provided by his Employer by way of a separate Employer Contribution.

A former Participant who received an actual distribution and who returns to
employment within the time period described above may elect to repay to the Plan
the full amount of such distribution that is attributable to Employer
Contributions before the earlier of (i) the end of the five-year period
beginning on the date he is reemployed or (ii) the date he incurs five
consecutive Breaks in Service commencing after the date he received, or is
deemed to have received, distribution of his vested interest in his Account.

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                                   COPY Retirement and Capital Accumulation Plan

                           ARTICLE XV -- DISTRIBUTIONS

15.1  DISTRIBUTIONS TO PARTICIPANTS

A Participant whose Settlement Date occurs shall receive distribution of his
vested interest in his Account in the form provided under Article XVI beginning
as soon as reasonably practicable following his Settlement Date or the date his
application for distribution is filed with the Administrator, if later.

15.2  PARTIAL DISTRIBUTIONS TO RETIRED OR TERMINATED PARTICIPANTS

A Participant whose Settlement Date has occurred, but who has not reached his
Required Beginning Date may elect to receive partial distribution of any portion
of his Account at any time prior to his Required Beginning Date in the form
provided in Article XVI.

15.3  DISTRIBUTIONS TO BENEFICIARIES

If a Participant dies prior to his Benefit Payment Date, his Beneficiary shall
receive distribution of the Participant's vested interest in his Account in the
form provided under Article XVI beginning as soon as reasonably practicable
following the date the Beneficiary's application for distribution is filed with
the Administrator. Unless distribution is to be made over the life or over a
period certain not greater than the life expectancy of the Beneficiary,
distribution of the Participant's entire vested interest shall be made to the
Beneficiary no later than the end of the fifth calendar year beginning after the
Participant's death. If distribution is to be made over the life or over a
period certain no greater than the life expectancy of the Beneficiary,
distribution shall commence no later than:

(a)   If the Beneficiary is not the Participant's spouse, the end of the first
      calendar year beginning after the Participant's death; or

(b)   If the Beneficiary is the Participant's spouse, the later of (i) the end
      of the first calendar year beginning after the Participant's death or (ii)
      the end of the calendar year in which the Participant would have attained
      age 70 1/2.

If distribution is to be made to a Participant's spouse, it shall be made
available within a reasonable period of time after the Participant's death that
is no less favorable than the period of time applicable to other distributions.
If a Participant dies after the date distribution of his vested interest in his
Account begins under this Article, but before his entire vested interest in his
Account is distributed, his Beneficiary shall receive distribution of the
remainder of the Participant's vested interest in his Account beginning as soon
as reasonably practicable following the Participant's date of death in a form
that provides for distribution at least as rapidly as under the form in which
the Participant was receiving distribution.

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                                   COPY Retirement and Capital Accumulation Plan

15.4  CASH OUTS AND PARTICIPANT CONSENT

Notwithstanding any other provision of the Plan to the contrary, if a
Participant's vested interest in his Account does not exceed $5,000,
distribution of such vested interest shall be made to the Participant in a
single sum payment or through a direct rollover, as described in Article XVI, as
soon as reasonably practicable following his Settlement Date. If a Participant
has no vested interest in his Account on his Settlement Date, he shall be deemed
to have received distribution of such vested interest on his Settlement Date.

15.5  REQUIRED COMMENCEMENT OF DISTRIBUTION

Notwithstanding any other provision of the Plan to the contrary, distribution of
a Participant's vested interest in his Account shall commence to the Participant
no later than the earlier of:

(a)   unless the Participant elects a later date, 60 days after the close of the
      Plan Year in which (i) the Participant's Normal Retirement Date occurs,
      (ii) the tenth anniversary of the year in which he commenced participation
      in the Plan occurs, or (iii) his Settlement Date occurs, whichever is
      latest; or

(b)   his Required Beginning Date.

Distributions required to commence under this Section shall be made in the form
provided under Article XVI and in accordance with Code Section 401(a)(9) and
regulations issued thereunder, including the minimum distribution incidental
benefit requirements.

15.6  REEMPLOYMENT OF A PARTICIPANT

If a Participant whose Settlement Date has occurred is reemployed by an Employer
or a Related Company, he shall lose his right to any distribution or further
distributions from the Trust arising from his prior Settlement Date and his
interest in the Trust shall thereafter be treated in the same manner as that of
any other Participant whose Settlement Date has not occurred.

15.7  RESTRICTIONS ON ALIENATION

Except as provided in Code Section 401(a)(13) (relating to qualified domestic
relations orders), Code Section 401(a)(13)(C) and (D) (relating to offsets
ordered or required under a criminal conviction involving the Plan, a civil
judgment in connection with a violation or alleged violation of fiduciary
responsibilities under ERISA, or a settlement agreement between the Participant
and the Department of Labor in connection with a violation or alleged violation
of fiduciary responsibilities under ERISA), Section 1.401(a)-13(b)(2) of
Treasury regulations (relating to Federal tax levies and judgments), or as
otherwise required by law, no benefit under the Plan at any time shall be
subject in any manner to anticipation, alienation, assignment (either at law or
in equity), encumbrance, garnishment, levy, execution, or other legal or
equitable process; and no person shall have power in any manner to anticipate,
transfer, assign (either at law or in equity), alienate or subject to
attachment, garnishment, levy, execution, or other legal

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<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

or equitable process, or in any way encumber his benefits under the Plan, or any
part thereof, and any attempt to do so shall be void.

15.8  FACILITY OF PAYMENT

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

15.9  INABILITY TO LOCATE PAYEE

If any benefit becomes payable to any person, or to the executor or
administrator of any deceased person, and if that person or his executor or
administrator does not present himself to the Administrator within a reasonable
period after the Administrator mails written notice of his eligibility to
receive a distribution hereunder to his last known address and makes such other
diligent, effort to locate the person as the Administrator determines, that
benefit shall be maintained in an account for such purpose and shall not be
forfeited.

15.10 DISTRIBUTION PURSUANT TO QUALIFIED DOMESTIC RELATIONS ORDERS

Notwithstanding any other provision of the Plan to the contrary, if a qualified
domestic relations order so provides, distribution may be made to an alternate
payee pursuant to a qualified domestic relations order, as defined in Code
Section 414(p), regardless of whether the Participant's Settlement Date has
occurred or whether the Participant is otherwise entitled to receive a
distribution under the Plan.

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                         ARTICLE XVI -- FORM OF PAYMENT

16.1  FORM OF PAYMENT

Distribution shall be made to a Participant, or his Beneficiary, if the
Participant has died, in a single sum cash payment.

16.2  DIRECT ROLLOVER

Notwithstanding any other provision of the Plan to the contrary, in lieu of
receiving distribution in the form of payment provided under this Article, a
"qualified distributee" may elect in writing, in accordance with rules
prescribed by the Administrator, to have a portion or all of any "eligible
rollover distribution" paid directly by the Plan to the "eligible retirement
plan" designated by the "qualified distributee". Any such payment by the Plan to
another "eligible retirement plan" shall be a direct rollover.

Notwithstanding the foregoing, a "qualified distributee" may not elect a direct
rollover with respect to an "'eligible rollover distribution" if the total value
of such distribution is less than $200 or with respect to a portion of an
"eligible rollover distribution" if the value of such portion is less than $500.
For purposes of this Section, the following terms have the following meanings:

(a)   An "eligible retirement plan" means an individual retirement account
      described in Code Section 408(a), an individual retirement annuity
      described in Code Section 408(b), an annuity plan described in Code
      Section 403(a), or a qualified trust described in Code Section 401(a) that
      accepts rollovers; provided, however, that, in the case of a direct
      rollover by a surviving spouse, an eligible retirement plan does not
      include a qualified trust described in Code Section 401(a).

(b)   An "eligible rollover distribution" means any distribution of all or any
      portion of the balance of a Participant's Account; provided, however, that
      an eligible rollover distribution does not include the following:

      (i)   any distribution to the extent such distribution is required under
            Code Section 401(a)(9).

      (ii)  any hardship withdrawal of Tax-Deferred Contributions made in
            accordance with the provisions of Article XIII.

(c)   A "qualified distributee" means a Participant, his surviving spouse, or
      his spouse or former spouse who is an alternate payee under a qualified
      domestic relations order, as defined in Code Section 414(p).

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16.3  NOTICE REGARDING FORMS OF PAYMENT

Within the 60 day period ending 30 days before a Participant's Benefit Payment
Date, the Administrator shall provide the Participant with a written explanation
of his right to defer distribution until his Normal Retirement Date, or such
later date as may be provided in the Plan, his right to make a direct rollover,
and the form of payment provided under the Plan. Distribution of the
Participant's Account may commence fewer than 30 days after such notice is
provided to the Participant if (i) the Administrator clearly informs the
Participant of his right to consider his election of whether or not to make a
direct rollover or to receive a distribution prior to his Normal Retirement Date
for a period of at least 30 days following his receipt of the notice and (ii)
the Participant, after receiving the notice, affirmatively elects an early
distribution.

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                          ARTICLE XVII -- BENEFICIARIES

17.1  DESIGNATION OF BENEFICIARY

An unmarried Participant's Beneficiary shall be the person or persons designated
by such Participant in accordance with rules prescribed by the Administrator. A
married Participant's Beneficiary shall be his spouse, unless the Participant
designates a person or persons other than his spouse as Beneficiary with his
spouse's written consent. For purposes of this Section, a Participant shall be
treated as unmarried and spousal consent shall not be required if the
Participant is not married on his Benefit Payment Date.

If no Beneficiary has been designated pursuant to the provisions of this
Section, or if no Beneficiary survives the Participant and he has no surviving
spouse, then the Beneficiary under the Plan shall be the deceased Participant's
surviving children in equal shares or, if there are no surviving children, the
Participant's estate. If a Beneficiary dies after becoming entitled to receive a
distribution under the Plan but before distribution is made to him in full, and
if the Participant has not designated another Beneficiary to receive the balance
of the distribution in that event, the estate of the deceased Beneficiary shall
be the Beneficiary as to the balance of the distribution.

17.2  SPOUSAL CONSENT REQUIREMENTS

Any written spousal consent given pursuant to this Article must acknowledge the
effect of the action taken and must be witnessed by a Plan representative or a
notary public. In addition, the spouse's written consent must either (i) specify
any non-spouse Beneficiary designated by the Participant and that such
Beneficiary may not be changed without written spousal consent or (ii)
acknowledge that the spouse has the right to limit consent to a specific
Beneficiary, but permit the Participant to change the designated Beneficiary
without the spouse's further consent. A Participant's spouse will be deemed to
have given written consent to the Participant's designation of Beneficiary if
the Participant establishes to the satisfaction of a Plan representative that
such consent cannot be obtained because the spouse cannot be located or because
of other circumstances set forth in Section 401(a)(11) of the Code and
regulations issued thereunder. Any written consent given or deemed to have been
given by a Participant's spouse hereunder shall be valid only with respect to
the spouse who signs the consent.

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                         ARTICLE XVIII -- ADMINISTRATION

18.1  AUTHORITY OF THE SPONSOR

The Sponsor, which shall be the administrator for purposes of ERISA and the plan
administrator for purposes of the Code, shall be responsible for the
administration of the Plan and, in addition to the powers and authorities
expressly conferred upon it in the Plan, shall have all such powers and
authorities as may be necessary to carry out the provisions of the Plan,
including the power and authority to interpret and construe the provisions of
the Plan, to make benefit determinations, and to resolve any disputes which
arise under the Plan. The Sponsor may employ such attorneys, agents, and
accountants as it may deem necessary or advisable to assist in carrying out its
duties hereunder. The Sponsor shall be a "named fiduciary" as that term is
defined in ERISA Section 402(a)(2). The Sponsor, by action of its board of
directors, may:

(a)   allocate any of the powers, authority, or responsibilities for the
      operation and administration of the Plan (other than trustee
      responsibilities as defined in ERISA Section 405(c)(3)) among named
      fiduciaries; and

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

except that no allocation by the Sponsor of, or designation by the Sponsor with
respect to, any of such powers, authority, or responsibilities to another named
fiduciary or a person other than a named fiduciary shall become effective unless
such allocation or designation shall first be accepted by such named fiduciary
or other person in a writing signed by it and delivered to the Sponsor.

18.2  DISCRETIONARY AUTHORITY

In carrying out its duties under the Plan, including making benefit
determinations, interpreting or construing the provisions of the Plan, and
resolving disputes, the Sponsor (or any individual to whom authority has been
delegated in accordance with Section 18.1) shall have absolute discretionary
authority.

18.3  ACTION OF THE SPONSOR

Any act authorized, permitted, or required to be taken under the Plan by the
Sponsor and which has not been delegated in accordance with Section 18.1, maybe
taken by a majority of the members of the board of directors of the Sponsor,
either by vote at a meeting, or in writing without a meeting, or by the employee
or employees of the Sponsor designated by the board of directors to carry out
such acts on behalf of the Sponsor. All notices, advice, directions,
certifications, approvals, and instructions required or authorized to be given
by the Sponsor as under the Plan shall be in writing and signed by either (i) a
majority of the members of the Sponsor's board of directors or by such member or
members as may be designated by an

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instrument in writing, signed by all the members thereof, as having authority to
execute such documents on its behalf, or (ii) the employee or employees
authorized to act for the Sponsor in accordance with the provisions of this
Section.

18.4  CLAIMS REVIEW PROCEDURE

Whenever a claim for benefits under the Plan filed by any person (herein
referred to as the "Claimant") is denied, whether in whole or in part, the
Sponsor shall transmit a written notice of such decision to the Claimant within
90 days of the date the claim was filed or, if special circumstances require an
extension, within 180 days of such date, which notice shall be written in a
manner calculated to be understood by the Claimant and shall contain a statement
of (i) the specific reasons for the denial of the claim, (ii) specific reference
to pertinent Plan provisions on which the denial is based, (iii) a description
of any additional material or information necessary for the Claimant to perfect
the claim and an explanation of why such information is necessary, (iv) that the
Claimant is entitled to receive, upon request and free of charge, reasonable
access to, and copies of, all documents, (v) records and other information
relevant to the Claimant's claim, a description of the review procedures and in
the event of an adverse review decision, a statement describing any voluntary
review procedures and the Claimant's right to obtain copies of such procedures,
and (vi) a statement that there is no further administrative review following
the initial review, and that the Claimant has a right to bring a civil action
under ERISA Section 502(a) if the Sponsor's decision on review is adverse to the
Claimant. The notice shall also include a statement advising the Claimant that,
within 60 days of the date on which he receives such notice, he may obtain
review of such decision in accordance with the procedures hereinafter set forth.
Within such 60-day period, the Claimant or his authorized representative may
request that the claim denial be reviewed by filing with the Sponsor a written
request therefor, which request shall contain the following information:

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

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

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

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

Within 60 days of the date determined pursuant to paragraph (a) of this Section
or, if special circumstances require an extension, within 120 days of such date,
the Sponsor shall conduct a

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full and fair review of the decision denying the Claimant's claim for benefits
and shall render its written decision on review to the Claimant. The Sponsor's
decision on review shall be written in a manner calculated to be understood by
the Claimant and shall specify the reasons and Plan provisions upon which the
Sponsor's decision was based.

Notwithstanding the foregoing, special procedures apply for processing claims
and reviewing prior claim determinations if a Claimant's claim for benefits is
contingent upon a determination as to whether a Participant is Disabled under
the Plan.

18.5  QUALIFIED DOMESTIC RELATIONS ORDERS

The Sponsor shall establish reasonable procedures to determine the status of
domestic relations orders and to administer distributions under domestic
relations orders which are deemed to be qualified orders. Such procedures shall
be in writing and shall comply with the provisions of Code Section 414(p) and
regulations issued thereunder.

18.6  INDEMNIFICATION

In addition to whatever rights of indemnification the Trustee or the members of
the Sponsor's board of directors or any employee or employees of the Sponsor to
whom any power, authority, or responsibility is delegated pursuant to Section
18.3, may be entitled under the articles of incorporation or regulations of the
Sponsor, under any provision of law, or under any other agreement, the Sponsor
shall satisfy any liability actually and reasonably incurred by any such person
or persons, including expenses, attorneys' fees, judgments, fines, and amounts
paid in settlement (other than amounts paid in settlement not approved by the
Sponsor), in connection with any threatened, pending or completed action, suit,
or proceeding which is related to the exercising or failure to exercise by such
person or persons of any of the powers, authority, responsibilities, or
discretion as provided under the Plan, or reasonably believed by such person or
persons to be provided hereunder, and any action taken by such person or persons
in connection therewith, unless the same is judicially determined to be the
result of such person or persons' gross negligence or willful misconduct.

18.7  ACTIONS BINDING

Subject to the provisions of Section 18.4, any action taken by the Sponsor which
is authorized, permitted, or required under the Plan shall be final and binding
upon the Employers, the Trustee, all persons who have or who claim an interest
under the Plan, and all third parties dealing with the Employers or the Trustee.

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                    ARTICLE XIX -- AMENDMENT AND TERMINATION

19.1  AMENDMENT

Subject to the provisions of Section 19.2, the Sponsor may at any time and from
time to time, by action of its board of directors, or such officers of the
Sponsor as are authorized by its board of directors, amend the Plan, either
prospectively or retroactively. Any such amendment shall be by written
instrument executed by the Sponsor.

19.2  LIMITATION ON AMENDMENT

The Sponsor shall make no amendment to the Plan which shall decrease the accrued
benefit of any Participant or Beneficiary, except that nothing contained herein
shall restrict the right to amend the provisions of the Plan relating to the
administration of the Plan and Trust. Moreover, no such amendment shall be made
hereunder which shall permit any part of the Trust to revert to an Employer or
any Related Company or be used or be diverted to purposes other than the
exclusive benefit of Participants and Beneficiaries. The Sponsor shall make no
retroactive amendment to the Plan unless such amendment satisfies the
requirements of Code Section 401(b) and/or Section 1.401(a)(4)-11(g) of the
Treasury regulations, as applicable.

19.3  TERMINATION

The Sponsor reserves the right, by action of its board of directors, to
terminate the Plan as to all Employers at any time (the effective date of such
termination being hereinafter referred to as the "termination date"). Upon any
such termination of the Plan, the following actions shall be taken for the
benefit of Participants and Beneficiaries:

(a)   As of the termination date, each Investment Fund shall be valued and all
      Accounts and Sub-Accounts shall be adjusted in the manner provided in
      Article XI, with any unallocated contributions or forfeitures being
      allocated as of the termination date in the manner otherwise provided in
      the Plan. The termination date shall become a Valuation Date for purposes
      of Article XI. In determining the net worth of the Trust, there shall be
      included as a liability such amounts as shall be necessary to pay all
      expenses in connection with the termination of the Trust and the
      liquidation and distribution of the property of the Trust, as well as
      other expenses, whether or not accrued; and shall include as an asset all
      accrued income.

(b)   All Accounts shall then be disposed of to or for the benefit of each
      Participant or Beneficiary in accordance with the provisions of Article XV
      as if the termination date were his Settlement Date; provided, however,
      that notwithstanding the provisions of Article XV, if the Plan does not
      offer an annuity option and if neither his Employer nor a Related Company
      establishes or maintains another defined contribution plan (other than an
      employee stock ownership plan as defined in Code Section 4975(e)(7)), the

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      Participant's written consent to the commencement of distribution shall
      not be required regardless of the value of the vested portions of his
      Account.

(c)   Notwithstanding the provisions of paragraph (b) of this Section, no
      distribution shall be made to a Participant of any portion of the balance
      of his Tax-Deferred Contributions Sub-Account prior to his separation from
      service (other than a distribution made in accordance with Article XIII or
      required in accordance with Code Section 401(a)(9)) unless (i) neither his
      Employer nor a Related Company establishes or maintains another defined
      contribution plan (other than an employee stock ownership plan as defined
      in Code Section 4975(e)(7), a tax credit employee stock ownership plan as
      defined in Code Section 409, or a simplified employee pension as defined
      in Code Section 408(k)) either at the time the Plan is terminated or at
      any time during the period ending 12 months after distribution of all
      assets from the Plan; provided, however, that this provision shall not
      apply if fewer than two percent of the Eligible Employees under the Plan
      were eligible to participate at any time in such other defined
      contribution plan during the 24-month period beginning 12 months before
      the Plan termination, and (ii) the distribution the Participant receives
      is a "lump sum distribution" as defined in Code Section 402(e)(4), without
      regard to clauses (I), (II), (III), and (IV) of sub-paragraph (D)(i)
      thereof.

Notwithstanding anything to the contrary contained in the Plan, upon any such
Plan termination, the vested interest of each Participant and Beneficiary in his
Employer Contributions Sub-Account shall be 100 percent; and, if there is a
partial termination of the Plan, the vested interest of each Participant and
Beneficiary who is affected by the partial termination in his Employer
Contributions Sub-Account shall be 100 percent. For purposes of the preceding
sentence only, the Plan shall be deemed to terminate automatically if there
shall be a complete discontinuance of contributions hereunder by all Employers.

19.4  REORGANIZATION

The merger, consolidation, or liquidation of any Employer with or into any other
Employer or a Related Company shall not constitute a termination of the Plan as
to such Employer. If an Employer disposes of substantially all of the assets
used by the Employer in a trade or business or disposes of a subsidiary and in
connection therewith one or more Participants terminates employment but
continues in employment with the purchaser of the assets or with such
subsidiary, no distribution from the Plan shall be made to any such Participant
from his Tax-Deferred Contributions Sub-Account prior to his separation from
service (other than a distribution made in accordance with Article XIII or
required in accordance with Code Section 401(a)(9)), except that a distribution
shall be permitted to be made in such a case, subject to the Participant's
consent (to the extent required by law), if (i) the distribution would
constitute a "lump sum distribution" as defined in Code Section 402(e)(4),
without regard to clauses (I), (II), (III), or (IV) of sub-paragraph (D)(i)
thereof, (ii) the Employer continues to maintain the Plan after the disposition,
(iii) the purchaser does not maintain the Plan after the disposition, and (iv)
the distribution is made by the end of the second calendar year after the
calendar year in which the disposition occurred.

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                     ARTICLE XX --ADOPTION BY OTHER ENTITIES

20.1  NO ADOPTION

No other entity may become an Employer hereunder.

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                     ARTICLE XXI -- MISCELLANEOUS PROVISIONS

21.1  NO COMMITMENT AS TO EMPLOYMENT

Nothing contained herein shall be construed as a commitment or agreement upon
the part of any person to continue his employment with an Employer or Related
Company, or as a commitment on the part of any Employer or Related Company to
continue the employment, compensation, or benefits of any person for any period.

21.2  BENEFITS

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

21.3  NO GUARANTEES

The Employers, the Administrator, and the Trustee do not guarantee the Trust
from loss or depreciation, nor do they guarantee the payment of any amount which
may become due to any person hereunder.

21.4  EXPENSES

The expenses of administration of the Plan, including the expenses of the
Administrator and fees of the Trustee, shall be paid from the Trust as a general
charge thereon, unless the Sponsor elects to make payment. Notwithstanding the
foregoing, the Sponsor may direct that administrative expenses that are
allocable to the Account of a specific Participant shall be paid from that
Account and that the costs incident to the management of the assets of an
Investment Fund or to the purchase or sale of securities held in an Investment
Fund shall be paid by the Trustee from such Investment Fund.

21.5  PRECEDENT

Except as otherwise specifically provided, no action taken in accordance with
the Plan shall be construed or relied upon as a precedent for similar action
under similar circumstances.

21.6  DUTY TO FURNISH INFORMATION

The Employers, the Administrator, and the Trustee shall furnish to any of the
others any documents, reports, returns, statements, or other information that
the other reasonably deems necessary to perform its duties hereunder or
otherwise imposed by law.

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21.7  MERGER, CONSOLIDATION, OR TRANSFER OF PLAN ASSETS

The Plan shall not be merged or consolidated with any other plan, nor shall any
of its assets or liabilities be transferred to another plan, unless, immediately
after such merger, consolidation, or transfer of assets or liabilities, each
Participant in the Plan would receive a benefit under the Plan which is at least
equal to the benefit he would have received immediately prior to such merger,
consolidation, or transfer of assets or liabilities (assuming in each instance
that the Plan had then terminated).

21.8  BACK PAY AWARDS

The provisions of this Section shall apply only to an Employee or former
Employee who becomes entitled to back pay by an award or agreement of an
Employer without regard to mitigation of damages. If a person to whom this
Section applies was or would have become an Eligible Employee after such back
pay award or agreement has been effected, and if any such person who had not
previously elected to make Tax-Deferred Contributions pursuant to Section 4.1
shall within 30 days of the date he receives notice of the provisions of this
Section make an election to make Tax-Deferred Contributions in accordance with
such Section 4.1 (retroactive to any Enrollment Date as of which he was or has
become eligible to do so), then such Participant may elect that any Tax-Deferred
Contributions not previously made on his behalf but which, after application of
the foregoing provisions of this Section, would have been made under the
provisions of Article IV shall be made out of the proceeds of such back pay
award or agreement. In addition, if any such Employee or former Employee would
have been eligible to participate in the allocation of Employer Contributions
under the provisions of Article VI or XXII for any prior Plan Year after such
back pay award or agreement has been effected, his Employer shall make an
Employer Contribution equal to the amount of the Employer Contribution which
would have been allocated to such Participant under the provisions of Article VI
or XXII as in effect during each such Plan Year. The amounts of such additional
contributions shall be credited to the Account of such Participant. Any
additional contributions made pursuant to this Section shall be made in
accordance with, and subject to the limitations of the applicable provisions of
the Plan.

21.9  CONDITION ON EMPLOYER CONTRIBUTIONS

Notwithstanding anything to the contrary contained in the Plan or the Trust
Agreement, any contribution of an Employer hereunder is conditioned upon the
continued qualification of the Plan under Code Section 401(a), the exempt status
of the Trust under Code Section 50l(a), and the deductibility of the
contribution under Code Section 404. Except as otherwise provided in this
Section and Section 21.10, however, in no event shall any portion of the
property of the Trust ever revert to or otherwise inure to the benefit of an
Employer or any Related Company.

21.10 RETURN OF CONTRIBUTIONS TO AN EMPLOYER

Notwithstanding any other provision of the Plan or the Trust Agreement to the
contrary, in the event any contribution of an Employer made hereunder:

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(a)   is made under a mistake of fact, or

(b)   is disallowed as a deduction under Code Section 404,

such contribution may be returned to the Employer within one year after the
payment of the contribution or the disallowance of the deduction to the extent
disallowed, whichever is applicable. In the event the Plan does not initially
qualify under Code Section 401(a), any contribution of an Employer made
hereunder may be returned to the Employer within one year of the date of denial
of the initial qualification of the Plan, but only if an application for
determination was made within the period of time prescribed under ERISA Section
403(c)(2)(B).

21.11 VALIDITY OF PLAN

The validity of the Plan shall be determined and the Plan shall be construed and
interpreted in accordance with the laws of the state or commonwealth in which
the Trustee has its principal place of business or, if the Trustee is an
individual or group of individuals, the state or commonwealth in which the
Sponsor has its principal place of business, except as preempted by applicable
Federal law. The invalidity or illegality of any provision of the Plan shall not
affect the legality or validity of any other part thereof.

21.12 TRUST AGREEMENT

The Trust Agreement and the Trust maintained thereunder shall be deemed to be a
part of the Plan as if fully set forth herein and the provisions of the Trust
Agreement are hereby incorporated by reference into the Plan.

21.13 PARTIES BOUND

The Plan shall be binding upon the Employers, all Participants and Beneficiaries
hereunder, and, as the case may be, the heirs, executors, administrators,
successors, and assigns of each of them.

21.14 APPLICATION OF CERTAIN PLAN PROVISIONS

For purposes of the general administrative provisions and limitations of the
Plan, a Participant's Beneficiary or alternate payee under a qualified domestic
relations order shall be treated as any other person entitled to receive
benefits under the Plan. Upon any termination of the Plan, any such Beneficiary
or alternate payee under a qualified domestic relations order who has an
interest under the Plan at the time of such termination, which does not cease by
reason thereof, shall be deemed to be a Participant for all purposes of the
Plan. A Participant's Beneficiary, if the Participant has died, or alternate
payee under a qualified domestic relations order shall be treated as a
Participant for purposes of directing investments as provided in Article X;

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21.15 MERGED PLANS

In the event another defined contribution plan (the "merged plan") is merged
into and made a part of the Plan, each Employee who was eligible to participate
in the "merged plan" immediately prior to the merger shall become an Eligible
Employee on the date of the merger. In no event shall a Participant's vested
interest in his Sub-Account attributable to amounts transferred to the Plan from
the "merged plan" (his "transferee Sub-Account") on and after the merger be less
than his vested interest in his account under the "merged plan" immediately
prior to the merger. Notwithstanding any other provision of the Plan to the
contrary, a Participant's service credited for eligibility and vesting purposes
under the "merged plan" as of the merger, if any, shall be included as
Eligibility and Vesting Service under the Plan to the extent Eligibility and
Vesting Service are credited under the Plan. Special provisions applicable to a
Participant's "transferee Sub-Account", if any, shall be specifically reflected
in the Plan or in an Addendum to the Plan.

21.16 TRANSFERRED FUNDS

If funds from another qualified plan are transferred or merged into the Plan,
such funds shall be held and administered in accordance with any restrictions
applicable to them under such other plan to the extent required by law and shall
be accounted for separately to the extent necessary to accomplish the foregoing.

21.17 VETERANS REEMPLOYMENT RIGHTS

Notwithstanding any other provision of the Plan to the contrary, contributions,
benefits, and service credit with respect to qualified military service shall be
provided in accordance with Code Section 414(u). The Administrator shall notify
the Trustee of any Participant with respect to whom additional contributions are
made because of qualified military service.

21.18 DELIVERY OF CASH AMOUNTS

To the extent that the Plan requires the Employers to deliver cash amounts to
the Trustee, such delivery may be made through any means acceptable to the
Trustee, including wire transfer.

21.19 WRITTEN COMMUNICATIONS

Any communication among the Employers, the Administrator, and the Trustee that
is stipulated under the Plan to be made in writing may be made in any medium
that is acceptable to the receiving party and permitted under applicable law. In
addition, any communication or disclosure to or from Participants and/or
Beneficiaries that is required under the terms of the Plan to be made in writing
may be provided in any other medium (electronic, telephonic, or otherwise) that
is acceptable to the Administrator and permitted under applicable law.

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                      ARTICLE XXII -- TOP-HEAVY PROVISIONS

22.1  DEFINITIONS

For purposes of this Article, the following terms shall. have the following
meanings:

The "COMPENSATION" of an employee means compensation as defined in Code Section
415 and regulations issued thereunder. In no event, however, shall the
"compensation" of a Participant taken into account under the Plan for any Plan
Year exceed $150,000 (subject to adjustment annually as provided in Code
Sections 401(a)(17)(B) and 415(d); provided, however, that the dollar increase
in effect on January 1 of any calendar year, if any, is effective for Plan Years
beginning in such calendar year). If the "compensation" of a Participant is
determined over a period of time that contains fewer than 12 calendar months,
then the annual "compensation" limitation described above shall be adjusted with
respect to that Participant by multiplying the annual "compensation" limitation
in effect for the Plan Year by a fraction the numerator of which is the number
of full months in the period and the denominator of which is 12; provided,
however, that no proration is "required" for a Participant who is covered under
the Plan for less than one full Plan Year if the formula for allocations is
based on "compensation" for a period of at least 12 months.

The "DETERMINATION DATE" with respect to any Plan Year means the last day of the
preceding Plan Year, except that the "determination date" with respect to the
first Plan Year of the Plan, shall mean the last day of such Plan Year.

A "KEY EMPLOYEE" means any Employee or former Employee who is a "key employee"
pursuant to the provisions of Code Section 416(i)(l) and any Beneficiary of such
Employee or former Employee.

A "NON-KEY EMPLOYEE" means any Employee who is not a "key employee".

A "PERMISSIVE AGGREGATION GROUP" means those plans included in each Employer's
"required aggregation group" together with any other plan or plans of the
Employer, so long as the entire group of plans would continue to meet the
requirements of Code Sections 401(a)(4) and 410.

A "REQUIRED AGGREGATION GROUP" means the group of tax-qualified plans maintained
by an Employer or a Related Company consisting of each plan in which a "key
employee" participates and each other plan that enables a plan in which a "key
employee" participates to meet the requirements of Code Section 401(a)(4) or
Code Section 410, including any plan that terminated within the five-year period
ending on the relevant "determination date".

A "SUPER TOP-HEAVY GROUP" with respect to a particular Plan Year means a
"required" or "permissive aggregation group" that, as of the "determination
date", would qualify as a "top-heavy group" under the definition in this Section
with "90 percent" substituted for "60 percent" each place where "60 percent"
appears in the definition.

                                       70
<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

A "SUPER TOP-HEAVY PLAN" with respect to a particular Plan Year means a plan
that, as of the "determination date", would qualify as a "top-heavy plan" under
the definition in this Section with "90 percent" substituted for "60 percent"
each place where "60 percent" appears in the definition. A plan is also a "super
top-heavy plan" if it is part of a "super top-heavy group".

A "TOP-HEAVY GROUP" with respect to a particular Plan Year means a "required" or
"permissive aggregation group" if the sum, as of the "determination date", of
the present value of the cumulative accrued benefits for "key employees" under
all defined benefit plans included in such group and the aggregate of the
account balances of "key employees" under all defined contribution plans
included in such group exceeds 60 percent of a similar sum determined for all
employees covered by the plans included in such group.

A "TOP-HEAVY PLAN" with respect to a particular Plan Year means (i), in the case
of a defined contribution plan (including any simplified employee pension plan),
a plan for which, as of the "determination date", the aggregate of the accounts
(within the meaning of Code Section 416(g) and the regulations and rulings
thereunder) of "key employees" exceeds 60 percent of the aggregate of the
accounts of all participants under the plan, with the accounts valued as of the
relevant valuation date and increased for any distribution of an account balance
made in the five-year period ending on the "determination date", (ii), in the
case of a defined benefit plan, a plan for which, as of the "determination
date", the present value of the cumulative accrued benefits payable under the
plan (within the meaning of Code Section 416(g) and the regulations and rulings
thereunder) to "key employees" exceeds 60 percent of the present value of the
cumulative accrued benefits under the plan for all employees, with the present
value of accrued benefits for employees (other than "key employees") to be
determined under the accrual method uniformly used under all plans maintained by
an Employer or, if no such method exists, under the slowest accrual method
permitted under the fractional accrual rate of Code Section 411(b)(1)(C) and
including the present value of any part of any accrued benefits distributed in
the five-year period ending on the "determination date", and (iii) any plan
(including any simplified employee pension plan) included in a "required
aggregation group" that is a "top-heavy group". For purposes of this paragraph,
the accounts and accrued benefits of any employee who has not performed services
for an Employer or a Related Company during the five-year period ending on the
"determination date" shall be disregarded. For purposes of this paragraph, the
present value of cumulative accrued benefits under a defined benefit plan for
purposes of top-heavy determinations shall be calculated using the actuarial
assumptions otherwise employed under such plan, except that the same actuarial
assumptions shall be used for all plans within a "required" or "permissive
aggregation group". A Participant's interest in the Plan attributable to any
Rollover Contributions, except Rollover Contributions made from a plan
maintained by an Employer or a Related Company, shall not be considered in
determining whether the Plan is top-heavy. Notwithstanding the foregoing, if a
plan is included in a "required" or "permissive aggregation group" that is not a
"top-heavy group", such plan shall not be a "top-heavy plan".

The "VALUATION DATE" with respect to any "determination date" means the most
recent Valuation Date occurring within the 12-month period ending on the
"determination date".

                                       71
<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

22.2  APPLICABILITY

Notwithstanding any other provision of the Plan to the contrary, the provisions
of this Article shall be applicable during any Plan Year in which the Plan is
determined to be a "top-heavy plan" as hereinafter defined. If the Plan is
determined to be a "top-heavy plan" and upon a subsequent "determination date"
is determined no longer to be a "top-heavy plan", the vesting provisions of
Article VI shall again become applicable as of such subsequent "determination
date"; provided, however, that if the prior vesting provisions do again become
applicable, any Employee with three or more years of Vesting Service may elect
in accordance with the provisions of Article VI, to continue to have his vested
interest in his Employer Contributions Sub-Account determined in accordance with
the vesting schedule specified in Code Section 22.5.

22.3  MINIMUM EMPLOYER CONTRIBUTION

If the Plan is determined to be a "top-heavy plan" for a Plan Year, the Employer
Contributions, other than Matching Contributions, allocated to the Account of
each "non-key employee" who is an Eligible Employee and who is employed by an
Employer or a Related Company on the last day of such top-heavy Plan Year shall
be no less than the lesser of (i) three percent of his "compensation" or (ii)
the largest percentage of "compensation" that is allocated as an Employer
Contribution and/or Tax-Deferred Contribution for such Plan Year to the Account
of any "key employee"; except that, in the event the Plan is part of a "required
aggregation group", and the Plan enables a defined benefit plan included in such
group to meet the requirements of Code Section 401(a)(4) or 410, the minimum
allocation of Employer Contributions to each such "non-key employee" shall be
three percent of the "compensation" of such "non-key employee". Any minimum
allocation to a "non-key employee" required by this Section shall be made
without regard to any social security contribution made on behalf of the non-key
employee, his number of hours of service, his level of "compensation", or
whether he declined to make elective or mandatory contributions.

Employer Contributions allocated to a Participant's Account in accordance with
this Section shall be considered "annual additions" under Article VII for the
"limitation year" for which they are made and shall be separately accounted for.
Employer Contributions allocated to a Participant's Account shall be allocated
upon receipt among the Investment Funds in accordance with the Participant's
currently effective investment election.

                                       72
<PAGE>

                                   COPY Retirement and Capital Accumulation Plan

22.4  ACCELERATED VESTING

If the Plan is determined to be a "top-heavy plan", a Participant's vested
interest in his Employer Contributions Sub-Account shall be determined no less
rapidly than in accordance with the following vesting schedule:

<TABLE>
<CAPTION>
YEARS OF VESTING SERVICE                  VESTED INTEREST
------------------------                  ---------------
<S>                                       <C>
     less than 3                                 0%
      3 or more                                100%
</TABLE>

      EXECUTED this 20th day of August 2003.

                                               REPUBLIC ENGINEERED PRODUCTS LLC

                                               By: /s/ John A. Willoughby
                                                   -----------------------------
                                                   John A. Willoughby

                                       73

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