Document:

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                                                                  EXIHIBIT 4.2

                             SUPPLEMENTAL INDENTURE

     SUPPLEMENTAL INDENTURE (this "SUPPLEMENTAL INDENTURE"), dated to be
effective as of July 1, 2002, among Standard Parking Corporation IL ("SPC-IL"),
a Delaware corporation, Tower Parking, Inc. ("TOWER"), a Delaware corporation,
Virginia Parking Service, Inc. ("VPS"), a Delaware corporation, APCOA/Standard
Parking, Inc. (the "COMPANY") a Delaware corporation, and Wilmington Trust
Company, as trustee under the indenture referred to below (the "TRUSTEE").

                                   WITNESSETH

     WHEREAS, the Company has heretofore executed and delivered to the Trustee
an indenture, dated as of January 11, 2002 (the "INDENTURE"), providing for the
issuance of an aggregate principal amount of up to $100 million plus an
additional amount of PIK Notes, if any, of 14% Senior Subordinated Second Lien
Notes due 2006 (each such note a "14% NOTE" and collectively, the "14% NOTES"),
excluding PIK Notes, if any;

     WHEREAS, SPC-IL, Tower and VPS (each such entity a "NEW SUBSIDIARY" and
collectively, the "NEW SUBSIDIARIES") are newly-created wholly-owned
subsidiaries of the Company;

     WHEREAS, the Indenture provides that under certain circumstances the New
Subsidiaries shall execute and deliver to the Trustee a supplemental indenture
pursuant to which such subsidiaries shall unconditionally guarantee all of the
Company's Obligations under the 14% Notes and the Indenture on the terms and
conditions set for the herein (the "NOTE GUARANTEE"); and

     WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is
authorized to execute and deliver this Supplemental Indenture.

     NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the New
Subsidiaries and the Trustee mutually covenant and agree for the equal and
ratable benefit of the holders of the 14% Notes (the "HOLDERS") as follows:

1.   CAPITALIZED TERMS. Capitalized terms used herein without definition
shall have the meanings assigned to them in the Indenture.

2.   AGREEMENT TO GUARANTEE.  Each of the New Subsidiaries hereby agrees as
follows:

          (a) Along with all Guarantors named in the Indenture, to jointly and
     severally guarantee to each Holder of a 14% Note authenticated

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     and delivered by the Trustee and to the Trustee and its successors and
     assigns, the Notes or the obligations of the Company hereunder or
     thereunder, that:

               (i) the principal of, and premium and Liquidated Damages, if any,
          and interest on the 14% Notes will be promptly paid in full when due,
          whether at maturity, by acceleration, redemption or otherwise, and
          interest on the overdue principal of and interest on the 14% Notes, if
          any, if lawful, and all other obligations of the Company to the
          Holders or the Trustee under the 14% Notes or the Indenture will be
          promptly paid in full or performed, all in accordance with the terms
          hereof and thereof; and

               (ii) in case of any extension of time of payment or renewal of
          any 14% Notes or any of such other obligations, that same will be
          promptly paid in full when due or performed in accordance with the
          terms of the extension or renewal, whether at stated maturity, by
          acceleration or otherwise. Failing payment when due of any amount so
          guaranteed or any performance so guaranteed for whatever reason, the
          Guarantors shall be jointly and severally obligated to pay the same
          immediately.

          (b) The obligations hereunder shall be unconditional, irrespective of
     the validity, regularity or enforceability of the 14% Notes or the
     Indenture, the absence of any action to enforce the same, any waiver or
     consent by any Holder of the 14% Notes with respect to any provisions
     hereof or thereof, the recovery of any judgment against the Company, any
     action to enforce the same or any other circumstance which might otherwise
     constitute a legal or equitable discharge or defense of a Guarantor.

          (c) The following is hereby waived: diligence, presentment, demand of
     payment, filing of claims with a court in the event of insolvency or
     bankruptcy of the Company, any right to require a proceeding first against
     the Company, protest, notice and all demands whatsoever.

          (d) This Note Guarantee shall not be discharged except by complete
     performance of the obligations contained in the 14% Notes and the
     Indenture, and the New Subsidiary accepts all obligations of a Guarantor
     under the Indenture.

          (e) If any Holder or the Trustee is required by any court or otherwise
     to return to the Company, the Guarantors, or any custodian,

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     trustee, liquidator or other similar official acting in relation to either
     the Company or the Guarantors, any amount paid by either to the Trustee or
     such Holder, this Note Guarantee, to the extent theretofore discharged,
     shall be reinstated in full force and effect.

          (f) The New Subsidiary shall not be entitled to any right of
     subrogation in relation to the Holders in respect of any obligations
     guaranteed hereby until payment in full of all obligations guaranteed
     hereby.

          (g) As between the Guarantors, on the one hand, and the Holders and
     the Trustee, on the other hand, (x) the maturity of the obligations
     guaranteed hereby may be accelerated as provided in Article 6 of the
     Indenture for the purposes of this Note Guarantee, notwithstanding any
     stay, injunction or other prohibition preventing such acceleration in
     respect of the obligations guaranteed hereby, and (y) in the event of any
     declaration of acceleration of such obligations as provided in Article 6 of
     the Indenture, such obligations (whether or not due and payable) shall
     forthwith become due and payable by the Guarantors for the purpose of this
     Note Guarantee.

          (h) The Guarantors shall have the right to seek contribution from any
     non-paying Guarantor so long as the exercise of such right does not impair
     the rights of the Holders under the Note Guarantee.

          (i) Pursuant to Section 12.02 of the Indenture, after giving effect to
     any maximum amount and all other contingent and fixed liabilities that are
     relevant under any applicable Bankruptcy or fraudulent conveyance laws, and
     after giving effect of any collections from, rights to receive contribution
     from or payments made by or on behalf of any other Guarantor in respect of
     the obligations of such other Guarantor under Article 12 of the Indenture,
     this new Note Guarantee shall be limited to the maximum amount permissible
     such that the obligations of such Guarantor under this Note Guarantee will
     not constitute a fraudulent transfer or conveyance.

3.   EXECUTION AND DELIVERY.  Each New  Subsidiary  agrees that its Note
Guarantee shall remain in full force and effect notwithstanding any failure to
endorse on each 14% Note a notation of such Note Guarantee.

4.   GUARANTEEING SUBSIDIARY MAY CONSOLIDATE, ETC. ON CERTAIN TERMS.

          (a) Each New Subsidiary may not sell or otherwise dispose of all or
     substantially all of its assets to, or consolidate with or merge with or
     into

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     (whether or not such Guarantor is the surviving Person) another Person,
     other than the Company or another Guarantor unless:

               (i) Immediately after giving effect to such transaction, no
          Default or Event of Default exists; and

               (ii) Either (A) subject to Sections 12.04 and 12.05 of the
          Indenture, the Person acquiring the property in any such sale or
          disposition or the Person formed by or surviving any such
          consolidation or merger unconditionally assumes all the obligations of
          that Guarantor, pursuant to a supplemental indenture in form and
          substance reasonably satisfactory to the Trustee, under the 14% Notes,
          the Indenture and the Note Guarantee on the terms set forth herein or
          therein; or (B) the Net Proceeds of such sale or other disposition are
          applied in accordance with the applicable provisions of the Indenture,
          including without limitation, Section 4.10 thereof.

          (b) In case of any such consolidation, merger, sale or conveyance and
     upon the assumption by the successor Person, by supplemental indenture,
     executed and delivered to the Trustee and satisfactory in form to the
     Trustee, of the Note Guarantee endorsed upon the 14% Notes and the due and
     punctual performance of all of the covenants and conditions of the
     Indenture to be performed by the Guarantor, such successor Person shall
     succeed to and be substituted for the Guarantor with the same effect as if
     it had been named herein as a Guarantor. Such successor Person thereupon
     may cause to be signed any or all of the Note Guarantees to be endorsed
     upon all of the 14% Notes issuable under the Indenture which theretofore
     shall not have been signed by the Company and delivered to the Trustee. All
     the Note Guarantees so issued shall in all respects have the same legal
     rank and benefit under the Indenture as the Note Guarantees theretofore and
     thereafter issued in accordance with the terms of the Indenture as though
     all of such Note Guarantees had been issued at the date of the execution
     hereof.

          (c) Except as set forth in Articles 4 and 5 and Section 12.05 of
     Article 12 of the Indenture, and notwithstanding clauses (a) and (b) above,
     nothing contained in the Indenture or in any of the 14% Notes shall prevent
     any consolidation or merger of a Guarantor with or into the Company or
     another Guarantor, or shall prevent any sale or conveyance of the property
     of a Guarantor as an entirety or substantially as an entirety to the
     Company or another Guarantor.

5.   RELEASES.

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          (a) In the event of any sale or other disposition of all or
     substantially all of the assets of any Guarantor, by way of merger,
     consolidation or otherwise, or a sale or other disposition of all of the
     capital stock of any Guarantor, in each case to a Person that is not
     (either before or after giving effect to such transaction) a Subsidiary of
     the Company, then such Guarantor (in the event of a sale or other
     disposition, by way of merger, consolidation or otherwise, of all of the
     capital stock of such Guarantor) or the corporation acquiring the property
     (in the event of a sale or other disposition of all or substantially all of
     the assets of such Guarantor) will be released and relieved of any
     obligations under its Note Guarantee; PROVIDED that the Net Proceeds of
     such sale or other disposition are applied in accordance with the
     applicable provisions of the Indenture, including without limitation
     Section 4.10 of the Indenture. Upon delivery by the Company to the Trustee
     of an Officers' Certificate and an Opinion of Counsel to the effect that
     such sale or other disposition was made by the Company in accordance with
     the provisions of the Indenture, including without limitation Section 4.10
     of the Indenture, the Trustee shall execute any documents reasonably
     requested by the Company in order to evidence the release of any Guarantor
     from its obligations under its Note Guarantee.

          (b) In the event that the company designates any Restricted Subsidiary
     that is a Guarantor as an Unrestricted Subsidiary, then such Guarantor will
     be released and relieved from any obligations under its Note Guarantee;
     PROVIDED that such designation is in accordance with the applicable
     provisions of this Indenture, including without limitation Section 4.07 and
     Section 4.10 hereof. Upon delivery by the Company to the Trustee of an
     Officers' Certificate and an Opinion of Counsel to the effect that such
     designation was made by the Company in accordance with the terms of this
     Indenture, including without limitation Section 4.07 and Section 4.10
     hereof, the Trustee will execute any documents reasonably requested by the
     Company in order to evidence the release of any Guarantor from its
     obligations under its Note Guarantee.

          (c) Any Guarantor not released from its obligations under its Note
     Guarantee shall remain liable for the full amount of principal of and
     interest on the 14% Notes and for the other obligations of any Guarantor
     under the indenture as provided in Article 12 of the Indenture.

6.   NO RECOURSE AGAINST OTHERS. No past, present or future director, officer,
employee, incorporator, shareholder or agent of any Subsidiary Guarantor, as
such, shall have any liability for any obligations of the Company or any
Subsidiary Guarantor under the 14% Notes, any Note Guarantees, the Indenture or
this Supplemental Indenture or for any claim based on, in respect of, or by
reason of, such obligations or their creation. Each Holder by accepting a 14%

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Note waives and releases all such liability. The waiver and release are part of
the consideration for issuance of the 14% Notes. Such waiver may not be
effective to waive liabilities under the federal securities laws and it is the
view of the SEC that such waiver is against public policy.

7.   NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL
GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING
EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE
APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

8.   COUNTERPARTS.  The  parties  may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them
together represent the same agreement.

9.   EFFECT OF  HEADINGS.  The  Section  headings  herein  are for  convenience
only and shall not affect the construction hereof.

10.  THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever
for or in respect of the validity or sufficiency of this Supplemental Indenture
or for or in respect of the correctness of the recitals of fact contained
herein, all of which recitals are made solely by the New Subsidiaries and the
Company.

                            [SIGNATURE PAGES FOLLOW]

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     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed and attested, all as of the date first above
written.

Dated as of July 1, 2002

                                          APCOA/STANDARD PARKING, INC.

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

                                          STANDARD PARKING CORPORATION IL

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

                                          TOWER PARKING, INC.

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

                                          VIRGINIA PARKING SERVICE, INC.

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

                                          WILMINGTON TRUST COMPANY, AS TRUSTEE

                                          By:
                                             -------------------------
                                                 Authorized Signatory

                                        7Exhibit 10(a)  

VIACOM

EXCESS 401(k) PLAN

FOR DESIGNATED SENIOR EXECUTIVES

EFFECTIVE AUGUST 28, 2002  

Section 1.    Establishment and Purpose of the Plan.  

        1.1    Establishment.    There is hereby established for the benefit of Participants an unfunded plan of voluntarily
deferred compensation known as the Viacom Excess 401(k) Plan for Designated Senior Executives. Participation in this Plan is limited to employees of an Employer who are identified by the Company as
executive officers and directors for purposes of Section 16(b) of the Securities Act of 1934 ("Reporting Employees"). Any deferrals made under the Viacom Excess 401(k) Plan by any Eligible
Employee who was a participant in the Viacom Excess 401(k) Plan prior to the date he becomes a Reporting Employee shall remain in the Viacom Excess 401(k) Plan, subject to the terms of that plan. 

        1.2    Purpose.    The purpose of this Plan is to provide a means by which an Eligible Employee may, in certain
circumstances, elect to defer receipt of a portion of his Compensation. The Plan also provides that the Company will, in certain instances, credit the Account of a Participant with an Employer Match. 

Section 2.    Definitions.  

        The following words and phrases as used in this Plan have the following meanings: 

        2.1    Account.    The term "Account" shall mean a Participant's individual account, as described in Section 4
of the Plan. 

        2.2    Board of Directors.    The term "Board of Directors" means the Board of Directors of the Company. 

        2.3    Bonus.    The term "Bonus" means any cash bonus paid under the Viacom Inc. Short-Term
Incentive Plan and any other comparable annual cash bonus plan sponsored by any Employer. 

        2.4    Committee.    The term "Committee" means the Retirement Committee appointed by the Board of Directors. The
Committee may act on its own behalf or through the actions of its duly authorized delegate. 

        2.5    Company.    The term "Company" means Viacom Inc. 

        2.6    Compensation.    The term "Compensation" means an Eligible Employee's annual compensation as defined in the
Viacom 401(k) Plan, except that the limitations imposed by Internal Revenue Code §401(a)(17) shall not be taken into account. 

        2.7    Eligible Employee.    The term "Eligible Employee" means an Employee of an Employer who (i) has annual
base salary payable at a rate equal to or greater than the annual compensation limit in effect under Internal Revenue Code Section 401(a)(17) of the Code (as adjusted from time to time by the
Committee) and (ii) is designated by the Committee as an employee who is eligible to participate in the Plan. If an employee becomes an Eligible Employee in any Plan Year, such employee shall
remain an Eligible Employee for all future Plan Years; provided, however, that the Committee may terminate such employee's eligibility for the Plan if his annual base salary as of January 1, of
any Plan Year is less than the amount in clause (i) in effect for the Plan Year in which such employee initially became an Eligible Employee. Notwithstanding the foregoing, any employee who
immediately prior to August 28, 2002 (i) was an eligible employee under the Viacom Excess 401(k) Plan and (ii) was a Reporting Employee, became an Eligible Employee under this
Plan effective August 28, 2002. 

        2.8    Employer.    The term "Employer" means the Company and any affiliate or subsidiary that adopts the Plan on
behalf of its Eligible Employees. 

 

        2.9    Employer Match.    The term "Employer Match" means the amounts credited to a Participant's Account with respect
to a Participant's Excess Salary Reduction Contributions, calculated using the rate of matching contributions under the Viacom 401(k) Plan in effect at the time such Excess Salary Reduction
Contributions are made. 

        2.10    Excess Salary Reduction Contributions.    The term "Excess Salary Reduction Contributions" means the portion
of a Participant's Compensation earned during a Plan Year (after such Participant has reached any Limitation) that he elects to defer under the terms of this Plan. 

        2.11    Investment Options.    The term "Investment Options" means the investment funds available to participants in
the Viacom 401(k) Plan, excluding the Self-Directed Brokerage Account. 

        2.12    Joint Payment Option.    The term "Joint Payment Option" means, in accordance with Section 5.2,
(i) any payment option election made by a Participant in effect in the Viacom Excess 401(k) Plan immediately prior to August 28, 2002, and (ii) any payment option election made on
or after August 28, 2002. A Joint Payment Option shall apply to all amounts credited to the Participant's Account in this Plan, his account in the Viacom Excess 401(k) Plan and his account in
the Viacom Bonus Deferral Plan for Designated Senior Executives. 

        2.13    Limitation.    The term "Limitation" means the limitation on contributions to defined contribution plans under
Section 415(c), on compensation taken into account under Section 401(a)(17), or on elective deferrals under Section 401(k)(3) and Section 402(g) of the Internal Revenue
Code of 1986. 

        2.14    Participant.    The term "Participant" means an Eligible Employee who elects to have Excess Salary Reduction
Contributions made to the Plan. 

        2.15    Plan.    The term "Plan" means the Viacom Excess 401(k) Plan for Designated Senior Executives as set forth
herein, as amended from time to time. 

Section 3.    Participation.  

        3.1    Designation of Eligible Employees.    Beginning August 28, 2002, each month the Committee will designate
in its sole discretion those employees who satisfy the terms of paragraph 2.7 as eligible to participate in the Plan. 

        3.2    Election to Participate.    An Eligible Employee must elect to participate in the Plan. An Eligible Employee
may elect, at any time after becoming eligible, to begin participation and to commence making Excess Salary Reduction Contributions during the Plan Year by filing an election with the Committee in
accordance with this Section 3 and the rules and regulations established by the Committee. Such election will be effective on a prospective basis beginning with the payroll period that occurs
as soon as administratively practicable following receipt of the election by the Committee. 

        3.3    Amendment or Suspension of Election.    Participants may change (including, suspend) their existing Excess
Salary Reduction Contribution election under this Plan during the Plan Year by filing a new election in accordance with the prescribed administrative guidelines. Such new election will be effective on
a prospective basis beginning with the payroll period that occurs as soon as administratively practicable following receipt of the election by the Committee. A Participant will not be permitted to
make up suspended Excess Salary Reduction Contributions, and during any period in which a Participant's Excess Salary Reduction Contributions are suspended, the Employer Match to the Plan will also be
suspended. 

        3.4    Amount of Elections.    Each election filed by an Eligible Employee must specify the amount of Excess Salary
Reduction Contributions in a whole percentage between 1% and 15% of the Participants' Compensation, excluding any Bonus. Except as described otherwise in this Section 3.4, no Eligible Employee
shall be permitted during any Plan Year to make Excess Salary Reduction Contributions at a rate that exceeds the rate of his Before-Tax Contributions to the Viacom 401(k) Plan 

2

 

as in effect immediately preceding the time that the Eligible Employee actually commences Excess Salary Reduction Contributions to this Plan for that particular Plan Year. Notwithstanding the
foregoing, for the Plan Year ending December 31, 2002, any Eligible Employee who on August 28, 2002 had in effect an Excess Salary Reduction Contribution election that exceeded the rate
of his Before-Tax Contributions to the Viacom 401(k) Plan as in effect immediately preceding the time that the Eligible Employee actually commences Excess Salary Reduction Contributions to
this Plan shall be permitted to continue that Excess Salary Deferral Contribution election for the remainder of such Plan Year. 

Section 4.    Employer Match.  

        An Employer Match will be credited approximately every two weeks to a Participant's Account with respect to the eligible portion of Excess Salary Reduction
Contributions of such Participant. The eligible portion of a Participant's Excess Salary Reduction Contributions shall be limited to 5% of each contribution. The eligible portion of a Participant's
Excess Salary Reduction Contributions shall be based on Compensation up to an annual maximum amount of $750,000. 

Section 5.    Individual Account.  

        5.1    Creation of Accounts.    The Company will maintain an Account in the name of each Participant. Each
Participant's Account will be credited with the amount of the Participant's Excess Salary Reduction Contributions, and Employer Match, if any, made in all Plan Years. 

        5.2    Joint Payment Option Election.    

        (a)    Any
Joint Payment Option defined in Section 2.12(i) shall continue to apply until changed by the Participant in accordance with this Section 5. 

        (b)    Any
Eligible Employee who first becomes a Participant on or after August 28, 2002 and who has not elected a Joint Payment Option under Section 4.2 of the
Viacom Bonus Deferral Plan, Section 4.2 of the Viacom Bonus Deferral Plan for Designated Senior Executives or under Section 5.2 of the Viacom Excess 401(k) Plan shall elect a Joint
Payment Option at the same time that the Participant files his initial election to commence participation in the Plan pursuant to Section 3.2. Such Joint Payment Option shall continue to apply
until changed by the Participant in accordance with this Section 5 

        (c)    A
Participant may elect to receive his entire Account under either of the following Joint Payment Options: (1) a single lump sum; or, (2) annual payments
over a period of two, three, four or five years on or about January 31 beginning in the calendar year immediately following the end of the Plan Year in which the Participant terminates
employment. If no Joint Payment Option election is made in accordance with the terms of the Plan, the Viacom Excess 401(k) Plan or the Viacom Deferred Bonus Plan for Designated Senior Executives, a
Participant shall be deemed to have elected to receive his Account in a single lump sum on or about January 31 of the calendar year immediately following the end of the Plan Year in which the
Participant terminates employment. If a Participant makes a Joint Payment Option election to receive payments in a single lump sum, such lump sum shall be payable on or about January 31 of the
calendar year immediately following the end of the Plan Year in which the
Participant terminates employment, unless the Participant elects to be paid on or about January 31 of the 2nd, 3rd, 4th or 5th calendar
year following the year in which the Participant terminates employment. If a Participant elects to receive annual payments over a period of two or more years, such annual payments shall be made in
substantially equal annual payments, unless the Participant designates at the time of making his Joint Payment Option election a specific percentage of his Account to be distributed in each year. All
specified percentages must be a whole multiple of 10% and the total of all designated percentages must be equal to 100%. 

        Example
1:    If a Participant elects (or is deemed to elect) a Payment Option that provides for a lump sum payment and terminates employment in 2002, such lump sum shall be
paid on or about 

3

 

January 31, 2003. A Participant alternatively could designate January 31 of 2004, 2005, 2006 or 2007 in which to receive his lump sum. 

        Example
2:    If a Participant elects a Payment Option that provides for annual installments over a period of four years and terminates employment in 2002, each installment
paid on or about January 31, 2003 through 2006 will be comprised of approximately 25% of the Participant's Account as of the Participant's date of termination. A Participant alternatively could
designate 10% of his Account to be distributed in January, 2003, 20% in January, 2004, 30% in January, 2005 and 40% in January 2006; or, any other combination of percentages that totals 100%. 

        (d)    A
Participant may change his Joint Payment Option no more than three times over the course of his employment with the Company or an Affiliate. A Participant may change
an existing Joint Payment Option only one time in any calendar year. Any change of a Participant's existing Joint Payment Option election made less than six months prior to the Participant's
termination of employment for any reason shall be null and void and the Participant's last valid Payment Option shall remain in effect. 

        a.    Investments.    

        (a)    All
Excess Salary Reduction Contributions, Excess Bonus Deferral Contributions and Employer Match, if any, will be credited through December 31st of
the calendar year in which the Participant terminates employment with an amount equal to such amount which would have been earned had such contributions been invested in the same Investment Options
and in the same proportion as the Participant may elect, from time to time, to have his Salary Reduction Contributions and Matching Employer Contributions invested under the Viacom 401(k) Plan; or if
no such election has been made, in the PRIMCO Stable Value Fund (or any successor fund). 

        (b)    If
a Participant elects (or is deemed to elect) a single lump sum Joint Payment Option payable in the first calendar year following the calendar year in which the
Participant terminates employment, no additional adjustments will be made to the Participant's Account after December 31st of the calendar year
in which the Participant terminates employment. If a Participant elects a single lump sum Joint Payment Option payable in the second, third, fourth or fifth calendar year following the calendar year
in which the Participant terminates employment, the Participant's Account shall be credited with earnings based on the rate of return in the PRIMCO Stable Value Fund (or any successor fund) beginning
January 1st of the calendar year following the year in which the Participant terminates employment and continuing through December 31st of the calendar year immediately
preceding the calendar year in which the single lump sum is paid. 

        (c)    If
a Participant elects annual payments, no additional adjustments will be made to any amount payable in the first calendar year following the year in which the
Participant terminates employment. For any annual payments made in the second, third, fourth or fifth year following the calendar year in which the Participant terminates employment, the Participant's
Account shall be credited with earnings based on the rate of return in the PRIMCO Stable Value Fund (or any successor fund) beginning January 1st of the calendar year following the year in
which the Participant terminates employment and continuing through December 31st of the calendar year immediately preceding the calendar year in which each payment is made. 

        (d)    No
provision of this Plan shall require the Company or the Employer to actually invest any amounts in any fund or in any other investment vehicle. 

        5.4    Account Statements.    Each Participant will be given, at least annually, a statement showing (i) the
amount of Contributions, (ii) the amount of Employer Match, if any, made with respect to his Account for such Plan Year, and (iii) the balance of the Participant's Account after
crediting Investments. 

4

 

Section 6.    Payment.  

        A Participant (or a Participant's beneficiary) shall be paid the balance in his Account following termination of employment in accordance with the Joint Payment
Option in effect with respect to the Participant. 

Section 7.    Nature of Interest of Participant.  

        Participation in this Plan will not create, in favor of any Participant, any right or lien in or against any of the assets of the Company or any Employer, and all
amounts of Compensation deferred hereunder shall at all times remain an unrestricted asset of the Company or the Employer. A Participant's rights to benefits payable under the Plan are not subject in
any manner to anticipation, alienation, sale,
transfer, assignment, pledge, or encumbrance. All payments hereunder shall be paid in cash from the general funds of the Company or applicable Employer and no special or separate fund shall be
established and no other segregation of assets shall be made to assure the payment of benefits hereunder. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create
or be construed to create a trust of any kind, or a fiduciary relationship, between any Employer and a Participant or any other person, and the Company's and each Employer's promise to pay benefits
hereunder shall at all times remain unfunded as to the Participant. 

Section 8.    Hardship Distributions and Deferral Revocations.  

        A Participant may request the Committee to accelerate distribution of all or any part of the value of his Account solely for the purpose of alleviating an
immediate financial emergency. For purposes of the Plan, such an immediate financial emergency shall mean an unanticipated emergency that is caused by an event beyond the control of the Participant
and which would result in severe financial hardship to the Participant if early distribution were not permitted. The Committee may request that the Participant provide certifications and other
evidence of qualification for such emergency hardship distribution as it determines appropriate. The decision of the Committee with respect to the grant or denial of all or any part of such request
shall be in the sole discretion of the Committee, whether or not the Participant demonstrates an immediate financial emergency exists, and shall be final and binding and not subject to review. 

Section 9. Beneficiary Designation.  

        A Participant's beneficiary designation for this Plan will automatically be the same as the Participant's beneficiary designation recognized under the Viacom
401(k) Plan, unless a separate Designation of Beneficiary Form for this Plan has been properly filed. 

Section 10.    Administration.  

        10.1    Committee.    This Plan will be administered by the Committee, the members of which will be selected by the
Board of Directors. 

        10.2    Powers of the Committee.    The Committee's powers will include, but will not be limited to, the power 

	(i)
	to
determine who are Eligible Employees for purposes of participation in the Plan, 
	(ii)
	to
interpret the terms and provisions of the Plan and to determine any and all questions arising under the Plan, including without limitation, the
right to remedy possible ambiguities, inconsistencies, or omissions by a general rule or particular decision, 
	(iii)
	to
adopt rules consistent with the Plan, and. 
	(iv)
	to
approve certain amendments to the Plan. 

        10.3    Claims Procedure.    The Committee shall have the exclusive right to interpret the Plan and to decide any and
all matters arising thereunder. In the event of a claim by a Participant as to the 

5

 

amount of any distribution or method of payment under the Plan, within 90 days of the filing of such claim, unless special circumstances require an extension of such period, such person will
be given notice in writing of any denial, which notice will set forth the reason for the denial, the Plan provisions on which the denial is based, an explanation of what other material or information,
if any, is needed to perfect the claim, and an explanation of the claims review procedure. The Participant may request a review of such denial within 60 days of the date of receipt of such
denial by filing notice in writing with the Committee. The Participant will have the right to review pertinent Plan documents and to submit issues and comments in writing. The Committee will respond
in writing to a request for review within 60 days of receiving it, unless special circumstances require an extension of such period. The Committee, at its discretion, may request a meeting to
clarify any matters deemed appropriate. 

        10.4    Finality of Committee Determinations.    Determinations by the Committee and any interpretation, rule, or
decision adopted by the Committee under the Plan or in carrying out or administering the Plan shall be final and binding for all purposes and upon all interested persons, their heirs, and personal
representatives. 

        10.5    Severability.    If a provision of the Plan shall be held illegal or invalid, the illegality or invalidity
shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included in the Plan. 

        10.6    Governing Law.    The provisions of the Plan shall be governed by and construed in accordance with the laws of
the State of New York, to the extent not preempted by the laws of the United States. 

        10.7    Gender.    Wherein used herein, words in the masculine form shall be deemed to refer to females as well as
males. 

Section 11.    No Employment Rights.  

        No provisions of the Plan or any action taken by the Company, the Board of Directors, or the Committee shall give any person any right to be retained in the
employ of any Employer, and the right and power of the Company to dismiss or discharge any Participant is specifically reserved. 

Section 12.    Amendment, Suspension, and Termination.  

        The Retirement Committee shall have the right to amend the Plan at any time, unless provided otherwise in the Company's governing documents. The Board of
Directors shall have the right to suspend or terminate the Plan at any time. No amendment, suspension or termination shall, without the consent of a Participant, adversely affect such Participant's
rights in his account. In the event the Plan is terminated, the Committee shall continue to administer the Plan in accordance with the relevant provisions thereof. 

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