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Exhibit 10(s)  

 
 

FOURTH AMENDED AND RESTATED
  TENET 2001
  DEFERRED COMPENSATION PLAN    
    

 
 
 

FOURTH AMENDED AND RESTATED
  TENET 2001 DEFERRED COMPENSATION PLAN    
    

ARTICLE I

PREAMBLE AND PURPOSE  

        1.1    Preamble.    This Fourth Amended and Restated Tenet 2001 Deferred Compensation Plan
(the "Plan") of Tenet Healthcare Corporation (the "Company"), adopted on October 8, 2002, by the Compensation
Committee (the "Committee"), amends and restates the Tenet 2001 Deferred Compensation Plan adopted by the Committee on October 10, 2000, as amended and restated by the Committee on
December 4, 2001, July 24, 2001 and May 22, 2001. The Plan is intended to permit the Company to attract and retain a select group of management or highly compensated employees and
Directors of the Company. 

        Effective
as of December 5, 1995, the Company adopted the Tenet Executive Deferred Compensation and Supplemental Savings Plan (as the same has been amended from time to time, the
"Supplemental Plan"). Effective as of January 31, 2001, the Company transferred to this Plan amounts held for the benefit of certain participants in the Supplemental Plan, other than those
balances held for the benefit of physician-employees who participate in the Supplemental Plan and participants who are in pay-out status as of December 31, 2000, under the
Supplemental Plan. Effective as of December 31, 2002, the Committee authorized the merger of the Supplemental Plan into this Plan. 

        The
Company may adopt one or more trusts to serve as a possible source of funds for the payment of benefits under this Plan. 

        1.2    Purpose.    Through this Plan, the Company intends to permit the deferral of
compensation and to provide additional benefits to Directors and a select group of management or highly compensated employees of the Company. Accordingly, it is intended that this Plan shall not
constitute a "qualified plan" subject to the limitations of Section 401 (a) of the Code, nor shall it constitute a "funded plan", for purposes of such requirements. It also is intended
that this Plan shall be exempt from the participation and vesting requirements of Part 2 of Title I of the Act, the funding requirements of Part 3 of Title I of the Act, and the
fiduciary requirements of Part 4 of Title I of the Act by reason of the exclusions afforded plans that are unfunded and maintained by an employer primarily for the purpose of providing deferred
compensation for a select group of management or highly compensated employees. 

ARTICLE II

DEFINITIONS AND CONSTRUCTION  

        2.1    Definitions.    When a word or phrase appears in this Plan with the initial letter
capitalized, and the word or phrase does not commence a sentence, the word or phrase shall generally be a term defined in this Section 2.1. The following words and phrases with the initial
letter capitalized shall have the meaning set forth in this Section 2.1, unless a different meaning is required by the context in which the word or phrase is used. 

        (a)   "Account" means one or more of the bookkeeping accounts maintained by the Company or its agent on behalf of a
Participant, as described in more detail in Section 4.3. 

        (b)   "Act" means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

        (c)   "Affiliate" means a corporation that is a member of a controlled group of corporations (as defined in
Section 414(b) of the Code) that includes the Company, any trade or business (whether or not incorporated) that is in common control (as defined in Section 414(c) of the 

2

 

Code)
with the Company, or any entity that is a member of the same affiliated service group (as defined in Section 414(m) of the Code) as the Company. 

        (d)   "Alternate Payee" means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a DRO
as having a right to receive all, or a portion of, the benefits payable under the Plan with respect to such Participant. 

        (e)   "Annual Incentive Plan Award" means the amount payable to an Employee each year, if any, under the Company's 1997 Annual
Incentive Plan, as the same may be amended, restated, modified, renewed or replaced from time to time. 

        (f)    "Basic Deferral" means the Compensation deferral made by a Participant pursuant to Section 4.1(a). 

        (g)   "Beneficiary" means the person designated by the Participant to receive a distribution of his/her benefits under the Plan
upon the death of the Participant. If the Participant is married, his/her spouse shall be his/her Beneficiary, unless his/her spouse consents in writing to the designation of an alternate Beneficiary.
In the event that a Participant fails to designate a Beneficiary, or if the Participant's Beneficiary does not survive the Participant, the Participant's Beneficiary shall be his/her surviving spouse,
if any, or if the Participant does not have a surviving spouse, his/her estate. The term "Beneficiary" also shall mean a Participant's spouse or former spouse who is entitled to all or a portion of a
Participant's benefit pursuant to Section 6.1. 

        (h)   "Board" means the Board of Directors of the Company. 

        (i)    "Bonus" means (i) a bonus paid to a Participant in the form of an Annual Incentive Plan Award, or (ii) any
other bonus payment designated by the PAC as an eligible bonus under the Plan. 

        (j)    "Bonus Deferral" means the Bonus deferral made by a Participant pursuant to Section 4.1(b). 

        (k)   "Change of Control" of the Company shall be deemed to have occurred if either (i) any person, as such term is used
in Section 13(c) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), is or becomes the beneficial owner, directly or indirectly, of securities of the Company
representing 20% or more of the combined voting power of the Company's then outstanding securities, or (ii) individuals who, as of August 1, 2000, constitute the Board of the Company
(the "Incumbent Board") cease for any reason to constitute at least a majority of the Board at any time; provided, however, that (a) any individual who becomes a director of the Company
subsequent to August 1, 2000, whose election, or nomination for election by the Company's stockholders, was approved by a vote of at least a majority of directors then comprising the Incumbent
Board shall be deemed to have been a member of the Incumbent Board, and (b) no individual who is elected initially (after August 1, 2000) as a director as a result of an actual or
threatened election contest, as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act or any other actual or threatened solicitations of
proxies or consent by or on behalf of any person other than the Incumbent Board shall be deemed to have been a member of the Incumbent Board. 

        (l)    "Code" means the Internal Revenue Code of 1986, as amended from time to time. 

        (m)  "Company" means Tenet Healthcare Corporation. 

        (n)   "Compensation" means base salaries, commissions, and certain other amounts of cash compensation payable to the
Participant during the Plan Year. Compensation shall exclude cash bonuses, foreign service pay, hardship withdrawal allowances and any other pay intended to reimburse the Employee for the higher cost
of living outside the United States, Annual Incentive 

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Plan
Awards, automobile allowances, ExecuPlan payments, housing allowances, relocation payments, deemed income, income payable under stock incentive plans, Christmas gifts, insurance premiums, and
other imputed income, pensions, retirement benefits, and contributions to and payments from the 401 (k) Plan and this Plan. The term "Compensation" for Directors shall mean any cash
compensation from retainers, meeting fees and committee fees paid during the Plan Year. 

        (o)   "Compensation Committee" means the Compensation Committee of the Board, which has the authority to amend and terminate
the Plan as provided in Article X. The Compensation Committee also will be responsible for determining the amount of the Discretionary Contribution and Supplemental Director Contribution, if
any, to be made by the Company. 

        (p)   "Compensation Deferrals" means the Basic Deferrals, Supplemental Deferrals and Discretionary Deferrals made pursuant to
Section 4.1 of the Plan. 

        (q)   "Covered Person" means a covered employee within the meaning of Code Section 162(m)(3) or an Employee designated
as a Covered Person by the Compensation Committee. 

        (r)   "Director" means a member of the Board who is not an Employee of the Company. 

        (s)   "Disability" means the total and permanent incapacity of a Participant, due to physical impairment or mental
incompetence, to perform the usual duties of his/her employment with the Company or an Affiliate. Disability shall be determined by the Plan Administrator on the basis of (i) evidence that the
Participant has become entitled to receive benefits from a Company sponsored long-term disability plan or (ii) evidence that the Participant has become entitled to receive primary
benefits as a disabled employee under the Social Security Act in effect on such date of Disability or (iii) in the case of Directors, such evidence that the Plan Administrator deems
appropriate. 

        (t)    "Discretionary Contribution" means the contribution made by the Company on behalf of a Participant as described in
Section 4.2(b). 

        (u)   "Discretionary Deferral" means the Compensation deferral described in Section 4.1 (d) made by a
Participant. 

        (v)   "DRO" means a Domestic Relations Order that is a judgment, decree, or order (including one that approves a property
settlement agreement) that relates to the provision of child support, alimony payments or marital property rights to a spouse, former spouse, child or other dependent of a Participant and is rendered
under a state (within the meaning of Section 7701(a)(10) of the Code) domestic relations law (including a community property law) and that: 

          (i)  Creates
or recognizes the existence of an Alternate Payee's right to, or assigns to an Alternate Payee the right to receive all or a portion of the benefits payable
with respect to a Participant under the Plan; 

         (ii)  Does
not require the Plan to provide any type or form of benefit, or any option, not otherwise provided under the Plan; 

        (iii)  Does
not require the Plan to provide increased benefits (determined on the basis of actuarial value); 

        (iv)  Does
not require the payment of benefits to an Alternate Payee that are required to be paid to another Alternate Payee under another order previously determined to be a
DRO; and 

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         (v)  Clearly
specifies: the name and last known mailing address of the Participant and of each Alternate Payee covered by the DRO; the amount or percentage of the
Participant's benefits to be paid by the Plan to each such Alternate Payee, or the manner in which such amount or percentage is to be determined; the number of payments or payment periods to which
such order applies; and that it is applicable with respect to this Plan. 

        (w)  "Effective Date" means January 1, 2001. 

        (x)   "Election Form" means the written form(s) provided by the PAC or the Plan Administrator pursuant to which the Participant
consents to participation in the Plan and makes elections with respect to deferrals, requested investment crediting rates and distributions hereunder. 

        (y)   "Eligible Employee" means (i) each Employee who is eligible for the Company's Annual Incentive Plan Award for the
applicable Plan Year, (ii) each Director and (iii) all aviation personnel who are designated as captains. In addition, the term "Eligible Employee" shall include any Employee designated
as an Eligible Employee by the PAC. The PAC may, in its sole and absolute discretion, limit the classification of Employees who are eligible to participate in the Plan for a Plan Year without the need
for an amendment to the Plan. Any such limitation shall be set forth in a resolution by the PAC and attached hereto as an Exhibit to the Plan. 

        (z)   "Emergency" means a Foreseeable Emergency or Unforeseeable Emergency that makes a Participant eligible for a Financial
Necessity Distribution under Section 5.5. 

        (aa) "Employee" means each select member of management or highly compensated employee receiving remuneration, or who is
entitled to remuneration, for services rendered to the Company or to an Affiliate who has adopted this Plan, in the legal relationship of employer and employee. 

        (bb) "Fair Market Value" means the closing price of a share of Stock on the New York Stock Exchange on the date as of which
fair market value is to be determined. 

        (cc) "Foreseeable Emergency" means a severe financial hardship to the Participant resulting from an event that, although
foreseeable, is outside the Participant's control, as determined by the Plan Administrator in its sole and absolute discretion. Such potentially foreseeable but uncontrollable events include the
following: (i) expenses for medical care described in Section 213(d) of the Code incurred by the Participant, the Participant's spouse, or any dependents of the Participant (as defined
in Section 152 of the Code) or necessary for those persons to obtain medical care described in Section 213(d) of the Code; (ii) such other events deemed by the Plan Administrator,
in its sole and absolute discretion, to constitute a Foreseeable Emergency. 

        (dd) "401 (k) Plan" means the Tenet Healthcare Corporation Retirement Savings Plan or the Tenet 401
(k) Retirement Savings Plan, as such plans may be amended, restated, modified, renewed or replaced from time to time. 

        (ee) "Matching Contribution" means the contribution made by the Company pursuant to Section 4.2(a) on behalf of a
Participant who either makes Supplemental Deferrals to the Plan as described in Section 4.1 (c), or is not eligible for an employer matching contribution under the 401 (k) Plan. 

        (ff)  "Non-Scheduled Withdrawal" means an election by a Participant in accordance with Section 5.4 to
receive a withdrawal of amounts from his/her Account prior to the time at which such Participant otherwise would be entitled to such amounts. 

        (gg) "Open Enrollment Period" means the period prior to the beginning of the Plan Year during which an Eligible Employee may
make his/her elections concerning Compensation Deferrals pursuant to Article IV, and distribution elections in accordance with Article V. 

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        (hh) "PAC" means the Pension Administration Committee of the Company established by the Compensation Committee of the Board,
and whose members have been appointed by such Compensation Committee. The PAC shall have the responsibility to administer the Plan and make final determinations regarding claims for benefits, as
described in Article VIII. 

        (ii)   "Participant" means each Eligible Employee who has been designated for participation in this Plan and each Employee or
former Employee whose participation in this Plan has not terminated. 

        (jj)   "Plan" shall have the meaning set forth in Section 1.1 above. 

        (kk) "Plan Administrator" means the individual or entity appointed by the PAC to handle the
day-to-day administration of the Plan, including but not limited to determining a Participant's eligibility for benefits and the amount of such benefits and complying with all
applicable reporting and disclosure obligations imposed on the Plan. If the PAC does not appoint an individual or entity as Plan Administrator, the PAC shall serve as the Plan Administrator. 

        (ll)   "Plan Year" means the fiscal year of this Plan, which shall commence on January 1 each year and end on
December 31 of such year. 

        (mm) "Scheduled Withdrawal Date" means the distribution date elected by the Participant for an in-service
withdrawal of amounts of Basic Deferrals and Bonus Deferrals deferred in a given Plan Year, and earnings or losses attributable thereto, as set forth on the Election Form for such Plan Year. 

        (nn) "Stock" means the common stock, par value $0.075 per share, of the Company. 

        (oo) "Stock Unit" means a non-voting, non-transferable unit of measurement that is deemed for
bookkeeping and distribution purposes only to represent one outstanding share of Stock. 

        (pp) "Supplemental Deferral" means the Compensation Deferral described in Section 4.1(c). 

        (qq) "Supplemental Director Contribution" means the contribution made by the Company on behalf of a Director as described in
Section 4.2(c). 

        (rr)  "Supplemental Plan" shall have the meaning set forth in Section 1.1 of this Plan. 

        (ss)  "Unforeseeable Emergency" means a severe financial hardship to the Participant resulting from (i) a sudden and
unexpected illness or accident of the Participant or one of the Participant's dependents (as defined under Section 152(a) of the Code); (ii) loss of the Participant's property due to
casualty; or (iii) such other similar extraordinary and unforeseeable circumstances arising as a result of an unforeseeable event or events beyond the control of the Participant, as determined
by the Plan Administrator in its sole and absolute discretion. 

        2.2    Construction.    If any provision of this Plan is determined to be for any reason
invalid or unenforceable, the remaining provisions of this Plan shall continue in full force and effect. All of the provisions of this Plan shall be construed and enforced in accordance with the laws
of the State of California and shall be administered according to the laws of such state, except as otherwise required by the Act, the Code or other applicable federal law. The term "delivered to the
PAC or Plan Administrator," as used in this Plan, shall include delivery to a person or persons designated by the PAC or Plan Administrator, as applicable, for the disbursement and the receipt of
administrative forms. Delivery shall be deemed to have occurred only when the form or other communication is actually received. Headings and subheadings are for the purpose of reference only and are
not to be considered in the construction of this Plan. 

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ARTICLE III

PARTICIPATION AND FORFEITABILITY OF BENEFITS  

        3.1    Eligibility and Participation.    It is intended that eligibility to participate in the
Plan shall be limited to Eligible Employees, as determined by the PAC, in its sole and absolute discretion. Prior to the beginning of each Plan year, each Eligible Employee will be contacted and
informed that he/she may elect to defer portions of his/her Compensation and/or Bonus and shall be provided with an Election Form, investment crediting rate preference designation and such other forms
as the PAC or the Plan Administrator shall determine. An Eligible Employee shall become a Participant by completing all required forms and making a deferral election pursuant to Section 4.1.
Eligibility to become a Participant for any Plan Year shall not entitle an Eligible Employee to continue as an active Participant for any subsequent Plan Year. 

        If
an Eligible Employee is hired/retained during the Plan Year and designated by the PAC to be a Participant for such year, such Eligible Employee may elect to participate within
30 days from the date he/she is notified that he/she is eligible to participate in the Plan, for the remainder of such Plan Year, by completing all required forms and making a deferral election
pursuant to Section 4.1. Designation as a Participant for the Plan Year in which he/she is hired/retained shall not entitle the Eligible Employee to continue as an active Participant for any
subsequent Plan Year. 

        A
Participant under this Plan who separates from employment with the Company, or who ceases to be a Director, will continue as an inactive Participant under this Plan until the
Participant has received payment of all amounts payable to him/her under this Plan. In the event that an Eligible Employee shall cease active participation in the Plan because the Eligible Employee is
no longer described as a Participant pursuant to this Section 3.1, or because he/she shall cease making deferrals of Compensation and/or Bonuses, the Eligible Employee shall continue as an
inactive Participant under this Plan until he/she has received payment of all amounts payable to him/her under this Plan. 

        3.2    Forfeitability of Benefits.    Except as provided in Section 5.4 and
Section 6.1, a Participant shall at all times have a nonforfeitable right to amounts credited to his/her Account pursuant to Section 4.3, subject to the distribution provisions of
Article V. As provided in Section 7.2, however, each Participant shall be only a general creditor of the Company or the Participant's employing Affiliate with respect to the payment of
any benefit under this Plan. 

ARTICLE IV

DEFERRAL, COMPANY CONTRIBUTIONS, ACCOUNTING

AND INVESTMENT CREDITING RATES  

        4.1    Deferral.    An Eligible Employee who is designated by the PAC to be an Eligible
Employee for a Plan Year may become a Participant for such Plan Year by electing to defer Compensation and/or his/her Bonus pursuant to an Election Form. Such Election Form shall be submitted to the
Company not later than a date to be set by the Plan Administrator and shall be effective with respect to deferral elections with the first paycheck dated on or after the next following
January 1. In the case of an Eligible Employee who is hired/retained during the Plan Year, the Election Form shall be entered into within 30 days after the Eligible Employee is provided
with notice of his/her eligibility to participate in the Plan and shall only be effective with respect to deferral elections with respect to Compensation and/or Bonuses earned after the date such
Election Form is received by the Plan Administrator. A Participant's Election Form shall only be effective with respect to a single Plan Year and shall be irrevocable for the duration of such Plan
Year. Deferral elections for each subsequent Plan Year of participation shall be made pursuant to a new Election Form. 

        Compensation
deferred by a Participant may be distributed, at the Participant's election, either in a lump sum or, in certain instances as described herein, in equal monthly installments
over a period of not less than one year nor more than 15 years. On each Election Form, the Participant shall specify the 

7

 

method
in which Compensation and/or Bonuses deferred under the Plan shall be paid. If the Participant, during the Open Enrollment Period, elects a different method of payment on a subsequent Election
Form, such form of payment election shall supersede any prior payment elections made on an earlier Election Form, provided such election has been in effect for 12 months. 

        Four
types of deferrals may be made under the Plan: 

        (a)    Basic Deferral.    Each Eligible Employee may elect to defer a stated dollar amount, or
designated full percentage, of Compensation to the Plan up to a maximum percentage of 75% (100% for Directors) of the Eligible Employee's Compensation for such Plan Year. The Company shall not make
any Matching Contributions with respect to any Basic Deferrals made to the Plan. 

        (b)    Bonus Deferral.    Each Eligible Employee may elect to defer a stated dollar amount, or
designated full percentage, of his/her Bonus to the Plan up to a maximum percentage of 100% (97% if a Supplemental Deferral is elected pursuant to Section 4.1(c)) of the Employee's Bonus for
such Plan Year. The Company shall not make any Matching Contributions with respect to any Bonus Deferrals made to the Plan. 

        (c)    Supplemental Deferral.    Each Eligible Employee may elect to make Supplemental
Deferrals to the Plan in accordance with the following provisions of this Section 4.1(c). 

        (i)    Statutory Limits.    Each Eligible Employee who is also a participant in the 401
(k) Plan may elect to automatically have 3% of his/her Compensation deferred under the Plan when he/she reaches any of the following statutory limitations under the 401 (k) Plan:
(A) the limitation on Compensation under Section 401(a)(17) of the Code, as such limit is adjusted for cost of living increases; (B) the limitation imposed on elective deferrals
under Section 402(g) of the Code, as such limit is adjusted for cost of living increases; (C) the limitations on contributions and benefits under Section 415 of the Code; or
(D) the limitations on contributions imposed by the 401(k) Plan administrator in order to satisfy the limitations on contributions under sections 401 (k) and 401 (m) of the Code. 

        (ii)    Bonus.    Each Eligible Employee who is also a participant in the 401 (k) Plan
may elect to automatically have 3% of his/her Bonus deferred under the Plan as a Supplemental Deferral whether or not the Eligible Employee has reached the statutory limitations under the 401
(k) Plan described in Section 4.1(c)(i). This Supplemental Deferral shall be applied to that portion of the Eligible Employee's Bonus in excess of that deferred as a Bonus Deferral under
Section 4.1(b). For example, if the Eligible Employee elects to defer 50% of his/her Bonus under Section 4.1(b) and also elects to make a Supplemental Deferral under this
Section 4.1(c), 50% of the Eligible Employee's Bonus will be deferred under Section 4.1(b) and 3% of the Eligible Employee's Bonus will be deferred under this Section 4.1(c). 

        (iii)    401(k) Plan Before-Tax Savings Contribution Eligibility.    Each Eligible
Employee who elects to participate in this Plan prior to the date on which he/she becomes eligible to make before-tax savings contributions to the 401(k) Plan, may elect, until such 401(k)
Plan before-tax contribution eligibility date, to defer 3% of his/her Compensation under the Plan as a Supplemental Deferral for such Plan Year. Upon the Eligible Employee's 401
(k) Plan before-tax contribution eligibility date, his/her Supplemental Deferrals under this Section 4.1(c)(iii) shall cease and any subsequent Supplemental Deferrals
shall only be made by the Employee pursuant to Section 4.1(c)(i) or Section 4.1(c)(ii), as applicable. 

        (d)    Discretionary Deferral.    The PAC may authorize an Eligible Employee to defer a stated
dollar amount, or designated full percentage, of Compensation to the Plan as a Discretionary Deferral. The PAC, in its sole and absolute discretion, may limit the amount or percentage of Compensation
an Eligible Employee may defer to the Plan as a Discretionary Deferral. The Company shall not make any Matching Contributions pursuant to Section 4.2(a) with respect to 

8

 

any
Discretionary Deferrals, but may elect to make a Discretionary Contribution to the Plan with respect to such Discretionary Deferrals in the form of a discretionary matching contribution as
described in Section 4.2(b). 

        4.2    Company Contributions.    

        (a)    Matching Contribution.    The Company shall make a Matching Contribution to the Plan
each Plan Year on behalf of each Participant who makes a Supplemental Deferral to the Plan. Such Matching Contribution shall equal 100% of the Participant's Supplemental Deferrals for such Plan Year.
In addition, the Company shall make a Matching Contribution to the Plan for the Plan Year on behalf of each Participant who is eligible to participate in the 401 (k) Plan but is not eligible to
receive an employer matching contribution under the 401 (k) Plan by reason of the one year eligibility service requirement. Such Matching Contribution shall equal 3% of the Participant's
Compensation earned during the period beginning on the date on which such Participant elects to make Supplemental Deferrals to the Plan in accordance with Section 4.1(c)(iii). 

        (b)    Discretionary Contribution.    The Company may elect to make a Discretionary
Contribution to a Participant's Account in such amount, and at such time, as shall be determined by the Compensation Committee. If a Participant who is a Covered Person receives a Discretionary
Contribution, that Participant shall not be permitted to receive that Discretionary Contribution until such Participant's employment with the Company is terminated; provided, however, that if such
Participant has elected to receive a distribution upon the occurrence of a Change of Control and a Change of Control occurs, such Participant shall be entitled to receive such Change of Control
distribution in accordance with Section 5.9 of this Plan. 

        (c)    Supplemental Director Contribution.    The Company shall make a Supplemental Director
Contribution to the Plan on behalf of each Director who makes a Basic Deferral and makes a request for amounts deferred to be invested in Stock Units pursuant to Section 4.4(b). On each date on
which a Director's Basic Deferral is invested in Stock Units, the Company will make a Supplemental Director Contribution in an amount equal to 15% of the amount of the Director's Basic Deferral
invested in Stock Units on such date. Such Supplemental Director Contribution shall be invested in Stock Units for the account of such Director. 

        4.3    Accounting for Deferred Compensation.    

        (a)    Cash Account.    If a Participant has made an election to defer his/her Compensation
and/or Bonus and has made a request for amounts deferred to be invested pursuant to Section 4.4(a), the Company may, in its sole and absolute discretion, establish and maintain a cash Account
for the Participant under this Plan. Each cash Account shall be adjusted at least quarterly to reflect the Basic Deferrals, Bonus Deferrals, Supplemental Deferrals, Discretionary Deferrals, Matching
Contributions and Discretionary Contributions credited thereto, earnings or losses credited on such Basic Deferrals, Bonus Deferrals, Supplemental Deferrals, Discretionary Deferrals, Matching
Contributions and Discretionary Contributions, and any payment or withdrawal of such Basic Deferrals, Bonus Deferrals, Supplemental Deferrals, Discretionary Deferrals and, Matching Contributions and
Discretionary Contributions. The amounts of Basic Deferrals, Bonus Deferrals, Supplemental Deferrals, Discretionary Deferrals and Matching Contributions shall be credited to the Participant's cash
Account within five business days of the date on which such Compensation and/or Bonus would have been paid to the Participant had the Participant not elected to defer such amount pursuant to the terms
and provisions of the Plan. Any Discretionary Contributions shall be credited to each Participant's cash Account at such times as determined by the Compensation Committee. In the sole and absolute
discretion of the Plan Administrator, more than one cash Account may be established for each Participant to facilitate record-keeping convenience and accuracy. Each such cash Account shall be credited
and adjusted as provided in this Plan. 

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        (b)    Stock Unit Account.    If a Participant has made an election to defer his/her
Compensation and/or Bonus and has made a request for amounts deferred to be invested in Stock Units pursuant to Section 4.4(b), the Company may, in its sole and absolute discretion, establish
and maintain a Stock Unit Account and credit the Participant's Stock Unit Account, within five business days of the date on which such Compensation and/or Bonus otherwise would have been payable, with
a number of Stock Units determined by dividing an amount equal to the Basic Deferrals, Bonus Deferrals, Supplemental Deferrals, Discretionary Deferrals, Matching Contributions and Discretionary
Contributions made as of such date by the Fair Market Value of a share of Stock on the fifth day following the date such Compensation and/or Bonus otherwise would have been payable. In the sole and
absolute discretion of the Plan Administrator, more than one Stock Unit Account may be established for each Participant to facilitate record-keeping convenience and accuracy. 

          (i)  The
Stock Units credited to a Participant's Stock Unit Account shall be used solely as a device for determining the number of shares of Stock eventually to be
distributed to the Participant in accordance with this Plan. The Stock Units shall not be treated as property of the Participant or as a trust fund of any kind. No Participant shall be entitled to any
voting or other stockholder rights with respect to Stock Units credited under this Plan. 

         (ii)  If
the outstanding shares of Stock are increased, decreased, or exchanged for a different number or kind of shares or other securities, or if additional shares or new
or different shares or other securities
are distributed with respect to such shares of Stock or other securities, through merger, consolidation, spin-off, sale of all or substantially all the assets of the Company,
reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split or other distribution with respect to such shares of Stock or other securities, an appropriate and
proportionate adjustment shall be made by the Compensation Committee in the number and kind of Stock Units credited to a Participant's Stock Unit Account. 

        (c)    Accounts Held in Trust.    Amounts credited to Participants' Accounts may be secured by
one or more trusts, as provided in Section 7.1, but shall be subject to the claims of the Company's general creditors. Although the principal of such trust and any earnings or losses thereon
shall be separate and apart from other funds of the Company and shall be used for the purposes set forth therein, neither the Participants nor their Beneficiaries shall have any preferred claim on, or
any beneficial ownership in, any assets of the trust prior to the time such assets are paid to the Participant or Beneficiaries as benefits and all rights created under this Plan shall be unsecured
contractual rights of Plan Participants and Beneficiaries against the Company. Any assets held in the trust shall be subject to the claims of the Company's general creditors under federal and state
law in the event of insolvency. The assets of any trust established pursuant to this Plan shall never inure to the benefit of the Company and the same shall be held for the exclusive purpose of
providing benefits to Participants and their beneficiaries. 

        4.4    Investment Crediting Rates.    At the time of making a deferral election described in
Section 4.1, the Participant shall request on an Election Form the type of investment crediting rate option with which the Participant would like the Company, in its sole and absolute
discretion, to credit the Participant: one of several investment crediting rate options payable in cash or an investment crediting rate option based on the performance of the price of the Company's
Stock and payable in the Company's Stock. 

        (a)    Cash Investment Crediting Rate Options.    A Participant may request on an Election
Form the type of investment in which the Participant would like amounts deferred by the Participant to be deemed invested for purposes of determining the amount of earnings or losses to 

10

 

be
credited or losses to be debited to his/her cash Account. The Participant shall specify his/her preference from among the following possible investment crediting rate options: 

          (i)  An
annual rate of interest equal to 1% below the prime rate of interest as quoted by Bloomberg, compounded daily; or 

         (ii)  One
or more benchmark mutual funds. 

        A
Participant may change, on a daily basis, the investment crediting rate preference under this Section 4.4(a) by filing an election in such manner as shall be determined by the
PAC. Notwithstanding any request made by a Participant, the Company, in its sole and absolute discretion, shall determine the investment rate with which to credit amounts deferred by Participants
under this Plan, provided, however, that if the Company chooses an investment crediting rate other than the investment crediting rate requested by the Participant, such investment crediting rate
cannot be less than (i) above. 

        (b)    Stock Units.    A Participant may request on an Election Form to have amounts deferred
by him/her invested in Stock Units. Deferrals invested in Stock Units are irrevocable and shall be distributed in an equivalent whole number of shares of Stock. Any fractional share interests shall be
paid in cash with the last distribution. 

        (c)    Deemed Election.    In his/her request(s) pursuant to this Section 4.4, the
Participant may request that all or any multiple of his/her Account (in whole percentage increments) be deemed invested in one or more of the investment crediting rate preferences provided under the
Plan as communicated from time to time by the PAC. Although a Participant may express an investment crediting rate preference, the Company shall not be bound by such request. If a Participant fails to
set forth his/her investment crediting rate preference under this Section 4.4, he/she shall be deemed to have elected an annual rate of interest equal to 1% below the prime rate of interest as
quoted by Bloomberg, compounded daily. The PAC shall select from time to time, in its sole and absolute discretion, the possible investment crediting rate options to be offered on a Participant's
deferrals and contributions for any Plan Year. 

        (d)    Transferred Accounts.    The Company retains the right in its sole and absolute
discretion to transfer a Participant's Supplemental Plan account balance, as the Company deems appropriate, from the Supplemental Plan to this Plan. In the event that the Company determines that a
transfer of a Participant's Supplemental Plan account balance to this Plan is appropriate, a Participant shall be permitted to express an investment crediting rate preference with respect to such
transferred amounts. In the event a Participant's Supplemental Plan account balance is transferred from the Supplemental Plan to this Plan, such transferred amount shall be treated in all other
respects as if such amount were initially deferred pursuant to the terms of this Plan. 

        (e)    Company Contributions.    Contributions to the Plan made by the Company and allocated
to a Participant's Account pursuant to Section 4.2 shall be invested in accordance with the investment crediting rate requested by such Participant on his/her Election Form for the relevant
Plan Year. 

ARTICLE V

DISTRIBUTION OF BENEFITS  

        5.1    General Rules.    A Participant may elect to receive payment on Basic Deferrals and
Bonus Deferrals, and earnings or losses thereon, at any of the following times: 

        (a)   As
soon as practicable after termination of a Participant's employment, retirement, Disability or death; 

11

 

        (b)   In
the first January following, or in the second January following, but not later than the second January following, the Participant's termination of employment,
retirement, Disability or death; or 

        (c)   At
a specified future date while still in the employ of the Company. 

        Supplemental
Deferral Balances and earnings or losses thereon, are distributable only upon a Participant's termination of employment, retirement, Disability or death. 

        All
distributions from the Plan shall be taxable as ordinary income when received and subject to appropriate withholding of income taxes. 

        5.2    Distributions Resulting from Termination.    In the case of a Participant who
terminates employment with the Company for any reason and has an Account balance of $100,000 or less, such Participant shall be paid the balance in his/her Account in a lump sum in accordance with
Section 5.1. 

        A
Participant who has an Account balance in excess of $100,000 may elect either a lump sum distribution or monthly installments over a period of not less than one nor more than
15 years. Such Participant's Election Form that has been in effect for at least 12 months and made during an Open Enrollment Period shall govern the form of distribution. In the event a
Participant elects monthly installments, such installment payments will begin in accordance with Section 5.1(a) or 5.1(b). All amounts held for a Participant's or Beneficiary's benefit shall be
revalued annually if paid in installments. 

        5.3    Scheduled In-Service Withdrawals.    In the case of a Participant who,
while still in the employ of the Company, has elected a Scheduled Withdrawal Date for distribution of his/her Basic Deferrals and Bonus Deferrals, and earnings or losses thereon, such Participant
shall receive a lump sum payment that must occur at least two calendar years after the end of the Plan Year in which the
Basic and Bonus Deferrals occurred. A Participant may extend the Scheduled Withdrawal Date with respect to Basic Deferrals and Bonus Deferrals for any Plan Year, provided (i) such extension
occurs at least one year before the Scheduled Withdrawal Date, (ii) such extension is for a period of not less than two years from the Scheduled Withdrawal Date, (iii) the Participant
may not extend the Scheduled Withdrawal Date more than two times and (iv) any such extension shall be effective only if consented to by the PAC. All such lump sum distributions will be paid in
the January of the year specified on the election form. 

        If
a Participant retires, terminates employment, incurs a Disability or dies prior to any Scheduled Withdrawal Date, the Scheduled In-Service Withdrawal will be disregarded
and waived and the Participant's Account balance will be distributed after the Participant's retirement, death, Disability or termination of employment in the same form of distribution elected with
respect to retirement, death, Disability or termination. 

        5.4    Non-Scheduled Withdrawals.    A Participant shall be permitted to elect a
Non-Scheduled Withdrawal, subject to the following restrictions: 

        (a)   The
election to take a Non-Scheduled Withdrawal shall be made by filing a form provided by and filed with the PAC prior to the end of any calendar month. 

        (b)   The
amount of the Non-Scheduled Withdrawal shall in all cases not exceed 90% of the gross amount of a Participant's Account balance. 

        (c)   The
amount described in subsection (b) above shall be paid in a lump sum as soon as practicable after the end of the month in which the Non-Scheduled
Withdrawal election is made. 

        (d)   If
a Participant receives a Non-Scheduled Withdrawal from his/her Account, the Participant shall permanently forfeit an amount equal to 10% of the gross
amount of the 

12

 

Non-Scheduled
Withdrawal and the Company shall have no obligation to the Participant or his/her Beneficiary with respect to such forfeited amount. 

        (e)   If
a Participant receives a Non-Scheduled Withdrawal of any part of his/her Account, the Participant will be ineligible to participate in the Plan for the
balance of the Plan Year and the next following Plan Year. 

        5.5    Financial Necessity Distributions.    

        (a)    Unforeseeable Emergency.    Upon application by the Participant, the Plan
Administrator, in its sole and absolute discretion, may direct payment of all or a portion of the Basic Deferrals, Bonus Deferrals and/or Discretionary Deferrals credited to the Account of a
Participant prior to his/her separation from employment or termination as a Director in the event of an Unforeseeable Emergency. Any such application shall set forth the circumstances constituting
such Unforeseeable Emergency. 

        In
addition to the deferrals specified in this Section 5.5(a), upon application by the Participant, the Plan Administrator, in its sole and absolute discretion, may direct payment
of all or a portion of the Supplemental Deferrals credited to the Account of the Participant prior to his/her separation from employment or termination as a Director in the event of an Unforeseeable
Emergency. Such application and payment shall be subject to the same conditions and limitations as a request for any other payment of deferrals under this Section 5.5. 

        (b)    Foreseeable Emergency.    Upon application by the Participant, the Plan Administrator,
in its sole and absolute discretion, may direct payment of all or a portion of the Basic Deferrals, Bonus Deferrals and/or Discretionary Deferrals credited to the Account of a Participant prior to
his/her separation from employment or termination as a Director in the event of an Foreseeable Emergency. Any such application shall set forth the circumstances constituting such Foreseeable
Emergency. 

        (c)    General Rules Regarding Financial Necessity Distributions.    The Plan Administrator
may not direct payment of any Basic Deferrals, Bonus Deferrals, Supplemental Deferrals, and/or Discretionary Deferrals credited to the Account of a Participant to the extent that such an Emergency is
or may be relieved (i) by reimbursement or compensation by insurance or otherwise or (ii) by cessation of Basic Deferrals, Bonus Deferrals and/or Discretionary Deferrals under this Plan.
In the event that the Plan Administrator, in its sole and absolute discretion, shall determine that such Emergency may be alleviated by such cessation of deferrals under the Plan, the Plan
Administrator shall deny such financial necessity distribution and require the cancellation of the Participant's Basic Deferral, Bonus Deferral and/or Discretionary Deferral elections for the Plan
Year in which an Emergency shall occur. Conversely, if the Plan Administrator, in its sole and absolute discretion, shall determine that such Emergency may not be alleviated by such cessation of Basic
Deferrals, Bonus Deferrals and/or Discretionary Deferrals, it may approve such financial necessity distribution. Any distribution from the Plan due to Emergency shall be permitted only to the extent
necessary to satisfy such Emergency, in the sole and absolute discretion of the Plan Administrator, both with respect to the determination as to whether an Emergency exists and also with respect to
determination of the amount distributable. The Plan Administrator may permit a financial necessity distribution under this Section 5.5, but as a result the Participant will be ineligible to
participate in the Plan for the balance of the Plan Year and the next following Plan Year. 

        5.6    Elective Distributions.    A Participant may elect to receive a distribution of amounts
credited to his/her Account upon a determination by the Internal Revenue Service or a state taxing authority of competent jurisdiction that amounts credited to such Account are subject to inclusion in
the gross income of such Participant or Beneficiary for federal or state income tax purposes. Neither the PAC 

13

 

nor
the Plan Administrator shall have any obligation to determine whether any such determination is or has been made with respect to any Participant and shall assume that no such determination has
been made until advised by the Participant, in writing, that such determination has been made and that either such determination is final and binding, or that obtaining judicial review of such
determination is not reasonably likely to result in a reversal of such determination or is economically prohibitive. 

        5.7    Death of a Participant.    If a Participant dies while employed by the Company, the
Participant's Account balance will be paid to the Participant's Beneficiary in the manner elected by the Participant. 

        In
the event a terminated Participant dies while receiving installment payments, the remaining installments shall be paid to the Participant's Beneficiary as such payments become due. 

        In
the event a terminated Participant dies before receiving his/her lump sum payment or before he/she begins receiving installment payments, the lump sum payment or installment payments
shall be paid to the Participant's Beneficiary as such payments become due. 

        5.8    Disability of a Participant.    In the event of the Disability of the Participant, the
Participant shall be entitled to a distribution of the Participant's Account balance in the manner elected in advance by the Participant and, if applicable, in accordance with Section 6.2. 

        5.9    Change of Control.    A Participant may, during an Open Enrollment Period, file an
Election Form in which the Participant elects to receive a lump sum distribution of his/her Account balance in the event that a Change of Control, as defined in Section 2.1(j), occurs. The
Participant's election with respect to a distribution of his/her Account in the event of a Change of Control must have been in effect for 12 months prior to the time of the Change of Control.
If elected, payment will be made as soon as practicable, but in any event not more than six months, after the occurrence of a Change of Control. 

        Notwithstanding
any provision in this Plan to the contrary, to the extent that any portion of the lump sum distribution is characterized as a parachute payment within the meaning of
Proposed Regulations Section 1.280G-1 Q/A-24, or any similar Regulations, then in no event shall the present value of such parachute payment, when added to the present
value of all other parachute payments received as a result of a Change of Control, exceed 299% of the Participant's "base amount" as that term is defined in Section 280G of the Code. 

        If
a Participant has elected to receive a lump sum distribution of his/her Account balance in the event of a Change of Control, a portion of which distribution is characterized as a
parachute payment, and such portion, when added to the present value of all other parachute payments to be received as a result of a Change of Control, exceeds an amount equal to 299% of the
Participant's base amount, then the Participant may elect (a) to revoke the election made pursuant to this Section 5.9, or (b) to receive in a lump sum distribution that portion
of his/her Account balance which does not result in a parachute payment with the remainder being distributed in accordance with the Participant's election under Section 5.1. 

        5.10    Withholding.    Any taxes or other legally required withholdings from Compensation and
Bonus deferrals and/or payments to Participants or Beneficiaries hereunder shall be deducted and withheld by the Company, benefit provider or funding agent as required pursuant to applicable law. A
Participant or Beneficiary shall be provided with a tax withholding election form for purposes of federal and state tax withholding, if applicable. 

        5.11    Suspension of Benefits.    If a Participant terminates service and begins receiving
installment distributions and such Participant is reemployed by the Company, then such Participant's installment distributions shall be suspended during the period of his/her reemployment. Upon the
Participant's subsequent termination of service, such installment distributions shall recommence in the same form as 

14

 

they
were being paid before the reemployment, unless during the period of the Participant's reemployment he/she is eligible to participate in the Plan and elects a different form of payment on his/her
Election Form in accordance with this Article V. 

ARTICLE VI

PAYMENT LIMITATIONS  

        6.1    Spousal Claims.    

        (a)   In
the event that an Alternate Payee is entitled to all or a portion of a Participant's Account(s) pursuant to the terms of a DRO, such Alternate Payee shall have the
following distribution rights with respect to such Participant's Account(s): 

          (i)  payment
of benefit in a lump sum as soon as practicable following the acceptance of the DRO by the Plan Administrator; 

         (ii)  payment
of benefit in a lump sum in the first January following, or in the second January following, but not later than the second January following, the acceptance of
the DRO by the Plan Administrator; 

        (iii)  payment
of benefit in equal monthly installments over a period of not less than one nor more than 15 years from the date the DRO is accepted by the Plan
Administrator, but only if the Alternate Payee has an Account balance in excess of $100,000; 

        (iv)  payment
of benefit in equal monthly installments over a period of not less than one nor more than 15 years beginning the first January following, or the second
January following, the date the DRO is accepted by the Plan Administrator, but only if the Alternate Payee has an Account balance in excess of $100,000. 

An
Alternate Payee who desires to elect either of the distributions described in subsections (ii) or (iii) above, must complete and deliver to the Plan Administrator all required forms
and make such election within 30 days from the date she/he is notified that she/he is eligible to participate in the Plan. Any Alternate Payee who does not complete and deliver to the Plan
Administrator all required forms and/or does not elect either of the distributions described in subsections (ii) or (iii) above shall receive his/her distributions in a lump sum
according to subsection (i) above. 

        (b)   Any
taxes or other legally required withholdings from payments to such Alternate Payee shall be deducted and withheld by the Company, benefit provider or funding agent.
The Alternate Payee shall be provided with a tax withholding election form for purposes of federal and state tax withholding, if applicable. 

        (c)   The
Plan Administrator shall have sole and absolute discretion to determine whether a judgment, decree or order is a DRO, to determine whether a DRO shall be accepted
for purposes of this Section 6.1 and to make interpretations under this Section 6.1, including determining who is to receive benefits, all calculations of benefits, and the amount of
taxes to be withheld. The decisions of the Plan Administrator shall be binding on all parties with an interest. 

        (d)   Any
benefits payable to an Alternate Payee pursuant to the terms of a DRO shall be subject to all provisions and restrictions of the Plan and any dispute regarding such
benefits shall be resolved pursuant to the Plan claims procedure in Article VIII. 

        6.2    Legal Disability.    If a person entitled to any payment under this Plan shall, in the
sole judgment of the Plan Administrator, be under a legal disability, or otherwise shall be unable to apply such payment to his/her own interest and advantage, the Plan Administrator, in the exercise
of its 

15

 

discretion,
may direct the Company or payor of the benefit to make any such payment in any one or more of the following ways: 

        (a)   Directly
to such person; 

        (b)   To
his/her legal guardian or conservator; or 

        (c)   To
his/her spouse or to any person charged with the duty of his/her support, to be expended for his/her benefit and/or that of his/her dependents. 

        The
decision of the Plan Administrator shall in each case be final and binding upon all persons in interest, unless the Plan Administrator shall reverse its decision due to changed
circumstances. 

        6.3    Assignment.    Except as provided in Section 6.1, no Participant or Beneficiary
shall have any right to assign, pledge, transfer, convey, hypothecate, anticipate or in any way create a lien on any amounts payable hereunder. No amounts payable hereunder shall be subject to
assignment or transfer or otherwise be alienable, either by voluntary or involuntary act, or by operation of law, or subject to attachment, execution, garnishment, sequestration or other seizure under
any legal, equitable or other process, or be liable in any way for the debts or defaults of Participants and their Beneficiaries. 

ARTICLE VII

FUNDING  

        7.1    Funding.    Benefits under this Plan shall be funded solely by the Company and its
Affiliates. Benefits under this Plan shall constitute an unfunded general obligation of the Company, but the Company may create reserves, funds and/or provide for amounts to be held in trust to fund
such benefits on the Company's or its Affiliates' behalf. Payment of benefits may be made by the Company, any trust established by the Company or through a service or benefit provider to the Company
or such trust. 

        7.2    Creditor Status.    Participants and their Beneficiaries shall be general unsecured
creditors of the Company or the Participants' employing Affiliate(s) with respect to the payment of any benefit under this Plan, unless such benefits are provided under a contract of insurance or an
annuity contract that has been delivered to Participants, in which case Participants and their Beneficiaries shall look to the insurance carrier or annuity provider for payment, and not to the Company
or Affiliate. The Company's or Affiliate's obligation for such benefit shall be discharged by the purchase and delivery of such annuity or insurance contract. 

ARTICLE VIII

ADMINISTRATION  

        8.1    The PAC.    The overall administration of the Plan will be the responsibility of the
PAC. 

        8.2    Powers of PAC.    In order to effectuate the purposes of the Plan, the PAC will have
the following powers: 

        (a)   To
appoint the Plan Administrator; 

        (b)   To
review and render decisions respecting a denial of a claim for benefits under the Plan; 

        (c)   To
construe the Plan and to make equitable adjustments for any mistakes or errors made in the administration of the Plan; and 

        (d)   To
determine and resolve, in its sole and absolute discretion, all questions relating to the administration of the Plan and the trust established to secure the assets of
the Plan (i) when differences of opinion arise between the Employer, the Plan Administrator, the Trustee, a Participant, or any of them and (ii) whenever it is deemed advisable to
determine such questions 

16

 

in
order to promote the uniform and nondiscriminatory administration of the Plan for the greatest benefit of all parties concerned. 

The
foregoing list of express powers is not intended to be either complete or conclusive, and the PAC will, in addition, have such powers as it may reasonably determine to be necessary or appropriate
in the performance of its powers and duties under the Plan. 

        8.3    Appointment of Plan Administrator.    The PAC will appoint the Plan Administrator, who
will have the responsibility and duty to administer the Plan on a daily basis. The PAC may remove the Plan Administrator with or without cause at any time. The Plan Administrator may resign upon
written notice to the PAC. 

        8.4    Duties of Plan Administrator.    The Plan Administrator will have the following duties: 

        (a)   To
direct the administration of the Plan in accordance with the provisions herein set forth; 

        (b)   To
adopt rules of procedure and regulations necessary for the administration of the Plan, provided such rules are not inconsistent with the terms of the Plan; 

        (c)   To
determine all questions with regard to rights of Employees, Participants, and Beneficiaries under the Plan including, but not limited to, questions involving
eligibility of an Employee to participate in the Plan and the value of a Participant's Accounts; 

        (d)   To
enforce the terms of the Plan and any rules and regulations adopted by the PAC; 

        (e)   To
review and render decisions respecting a claim for a benefit under the Plan; 

        (f)    To
furnish the Company with information that the Company may require for tax or other purposes; 

        g)     To
engage the service of counsel (who may, if appropriate, be counsel for the Company), actuaries, and agents whom it may deem advisable to assist it with the performance
of its duties; 

        (h)   To
prescribe procedures to be followed by distributees in obtaining benefits; 

        (i)    To
receive from the Company and from Participants such information as is necessary for the proper administration of the Plan; 

        (j)    To
establish and maintain, or cause to be maintained, the individual Accounts described in Section 4.3; 

        (k)   To
create and maintain such records and forms as are required for the efficient administration of the Plan; 

        (l)    To
make all determinations and computations concerning the benefits, credits and debits to which any Participant, or other Beneficiary, is entitled under the Plan; 

        (m)  To
give the Trustee of the trust established to serve as a source of funds under the Plan specific directions in writing with respect to: 

          (i)  the
making of distribution payments, giving the names of the payees, the amounts to be paid and the time or times when payments will be made; and 

         (ii)  the
making of any other payments which the Trustee is not by the terms of the trust agreement authorized to make without a direction in writing by the Plan
Administrator; 

        (n)   To
comply with all applicable lawful reporting and disclosure requirements of the Act; 

        (o)   To
comply (or transfer responsibility for compliance to the Trustee) with all applicable federal income tax withholding requirements for benefit distributions; and 

17

 

        (p)   To
construe the Plan, in its sole and absolute discretion, and make equitable adjustments for any mistakes and errors made in the administration of the Plan. 

The
foregoing list of express duties is not intended to be either complete or conclusive, and the Plan Administrator will, in addition, exercise such other powers and perform such other duties as it
may deem necessary, desirable, advisable or proper for the supervision and administration of the Plan. 

        8.5    Indemnification of PAC and Plan Administrator.    To the extent not covered by
insurance, or if there is a failure to provide full insurance coverage for any reason, and to the extent permissible under corporate by-laws and other applicable laws and regulations, the
Company agrees to hold harmless and indemnify the PAC and Plan Administrator against any and all claims and causes of action by or on behalf of any and all parties whomsoever, and all losses
therefrom, including, without limitation, costs of defense and reasonable attorneys' fees, based upon or arising out of any act or omission relating to or in connection with the Plan other than losses
resulting from the PAC's, or any such person's, fraud or willful misconduct. 

        8.6    Claims for Benefits.    

        (a)    Initial Claim.    In the event that an Employee, Eligible Employee, Participant or
his/her Beneficiary claims to be eligible for benefits, or claims any rights under this Plan, he/she must complete and submit such claim forms and supporting documentation as shall be required by the
Plan Administrator, in its sole and absolute discretion. Likewise, any Participant or Beneficiary who feels unfairly treated as a result of the administration of the Plan, must file a written
claim, setting forth the basis of the claim, with the Plan Administrator. In connection with the determination of a claim, or in connection with review of a denied claim, the claimant may examine this
Plan, and any other pertinent documents generally available to Participants that are specifically related to the claim. 

        A
written notice of the disposition of any such claim shall be furnished to the claimant within 90 days after the claim is filed with the Plan Administrator. Such notice shall
refer, if appropriate, to pertinent provisions of this Plan, shall set forth in writing the reasons for denial of the claim if a claim is denied (including references to any pertinent provisions of
this Plan) and, where appropriate, shall explain how the claimant may perfect the claim. If the claim is denied, in whole or in part, the claimant shall also be notified in writing that a review
procedure is available. All benefits provided in this Plan as a result of the disposition of a claim will be paid as soon as practicable following receipt of proof of entitlement, if requested. 

        (b)    Request for Review.    Within 90 days after receiving the written notice of the
Plan Administrator's disposition of the claim, the claimant may file with the PAC a written request for review of his/her claim. In connection with the request for review, the claimant shall be
entitled to be represented by counsel. If the claimant does not file a written request for review within 90 days after receiving written notice of the Plan Administrator's disposition of
the claim, the claimant shall be deemed to have accepted the Plan Administrator's written disposition, unless the claimant shall have been physically or mentally incapacitated so as to be unable to
request review within the 90 day period. 

        (c)    Decision on Review.    A decision on review of the claim shall be made by the PAC at
its next meeting following receipt of the written request for review. If no meeting of the PAC is scheduled within 45 days of receipt of the written request for review, then the PAC shall hold
a special meeting to review such written request for review within such 45-day period. If special circumstances require an extension of the 45-day period, the PAC shall so
notify the claimant and a decision shall be rendered within 90 days of the receipt of the request for review. In any event, if a claim is not determined by the PAC within 90 days of
receipt of written submission for review, it shall be deemed to be denied. 

18

 

        The
PAC shall have the right to request of, and receive from, a claimant such additional information, documents or other evidence as the PAC may reasonably require. The decision of the
PAC shall be in writing and shall reference the provisions of the Plan on which the decision is based. To the extent permitted by law, a decision on review by the PAC shall be binding and conclusive
upon all persons whomsoever. 

        8.7    Arbitration.    In the event the claims review procedure described in
Section 8.6 of the Plan does not result in an outcome thought by the claimant to be in accordance with the Plan document, he/she may appeal to a third party neutral arbitrator. The claimant
must appeal to an arbitrator within 60 days after receiving the PAC's denial or deemed denial of his/her request for review and before bringing suit in court. 

        The
arbitrator shall be mutually selected by the Participant and the PAC from a list of arbitrators provided by the American Arbitration Association ("AAA"). If the parties are unable to
agree on the selection of an arbitrator within 10 days of receiving the list from the AAA, the AAA shall appoint an arbitrator. The arbitrator's review shall be limited to interpretation of the
Plan document in the context of the particular facts involved. The claimant, the PAC and the Company agree to accept the award of the arbitrator as binding, and all exercises of power by the
arbitrator hereunder shall be final, conclusive and binding on all interested parties, unless found by a court of competent jurisdiction, in a final judgment that is no longer subject to review or
appeal, to be arbitrary and capricious. The costs of arbitration shall be shared by the Company and the claimant; the costs of legal representation for the claimant or witness costs for the claimant
shall be borne by the claimant. 

        The
arbitrator shall have no power to add to, subtract from, or modify any of the terms of the Plan, or to change or add to any benefits provided by the Plan, or to waive or fail to
apply any requirements of eligibility for a benefit under the Plan. Nonetheless, the arbitrator shall have absolute discretion in the exercise of its powers in this Plan. Arbitration decisions will
not establish binding precedent with respect to the administration or operation of the Plan. 

        8.8    Receipt and Release of Necessary Information.    In implementing the terms of this
Plan, the PAC and Plan Administrator, as applicable, may, without the consent of or notice to any person, release to or obtain from any other insuring entity or other organization or person any
information, with respect to any person, which the PAC or Plan Administrator deems to be necessary for such purposes. Any Participant or Beneficiary claiming benefits under this Plan shall furnish to
the PAC or Plan Administrator, as applicable, such information as may be necessary to determine eligibility for and amount of benefit, as a condition of claiming and receiving such benefit. 

        8.9    Overpayment and Underpayment of Benefits.    The Plan Administrator may adopt, in its
sole and absolute discretion, whatever rules, procedures and accounting practices are appropriate in providing for the collection of any overpayment of benefits. If a Participant or Beneficiary
receives an underpayment of benefits, the Plan Administrator shall direct that payment be made as soon as practicable to make up for the underpayment. If an overpayment is made to a Participant or
Beneficiary, for whatever reason, the Plan Administrator may, in its sole and absolute discretion, withhold payment of any further benefits under the Plan until the overpayment has been collected or
may require repayment of benefits paid under this Plan without regard to further benefits to which the Participant or Beneficiary may be entitled. 

ARTICLE IX

OTHER BENEFIT PLANS OF THE COMPANY  

        9.1    Other Plans.    Nothing contained in this Plan shall prevent a Participant prior to
his/her death, or a Participant's spouse or other Beneficiary after such Participant's death, from receiving, in addition to any payments provided for under this Plan, any payments provided for under
any other plan or benefit program of the Company or an Affiliate, or which would otherwise be payable or distributable 

19

 

to
him/her, his/her surviving spouse or Beneficiary under any plan or policy of the Company or otherwise. Nothing in this Plan shall be construed as preventing the Company or any of its Affiliates
from establishing any other or different plans providing for current or deferred compensation for employees and/or Directors. Unless otherwise specifically provided in any plan of the Company intended
to "qualify" under Section 401 of the Code, Compensation Deferrals made under this Plan shall constitute earnings or compensation for purposes of determining contributions or benefits under
such qualified plan. 

ARTICLE X

AMENDMENT AND TERMINATION OF THE PLAN  

        10.1    Amendment.    The Compensation Committee may amend this Plan by duly authorized
written amendment; provided that no amendment or modification shall deprive a Participant, or person claiming benefits under this Plan through a Participant, of any benefit accrued under this Plan up
to the date of amendment or modification, except as may be required by applicable law. 

        10.2    Termination.    The Compensation Committee may terminate or suspend this Plan in whole
or in Part at any time, provided that no such termination or suspension shall deprive a Participant, or person claiming benefits under this Plan through a Participant, of any benefit accrued under
this Plan up to the date of suspension or termination, except as required by applicable law. Upon the complete termination of the Plan, the Compensation Committee, in its sole and absolute discretion,
may direct the Plan Administrator to distribute each Participant's account to him/her or his/her Beneficiary, as applicable, in a lump sum and regardless of whether benefit payments have previously
commenced to be made to such Participant. 

        10.3.    Continuation.    The Company intends to continue this Plan indefinitely, but
nevertheless assumes no contractual obligation beyond the promise to pay the benefits described in this Plan. 

ARTICLE XI

MISCELLANEOUS  

        11.1    No Reduction of Employer Rights.    Nothing contained in this Plan shall be construed
as a contract of employment between the Company or an Affiliate and an Employee, or as a right of any Employee to continue in the employment of the Company or an Affiliate, or as a limitation of the
right of the Company or an Affiliate to discharge any of its Employees, with or without cause or as a right of any Director to be renominated to serve as a Director. 

        11.2    Provisions Binding.    All of the provisions of this Plan shall be binding upon all
persons who shall be entitled to any benefit hereunder, their heirs and personal representatives. 

20

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FOURTH AMENDED AND RESTATED TENET 2001 DEFERRED COMPENSATION PLAN

FOURTH AMENDED AND RESTATED TENET 2001 DEFERRED COMPENSATION PLANEXHIBIT 10.22

                              EMPLOYMENT AGREEMENT

     THIS AGREEMENT made to have effect the 12th day of September 2001.

BETWEEN:

          MOBILE DATA SOLUTIONS INC., a Canadian  corporation  having offices at
          10271 Shellbridge Way, Richmond, B.C. V6X 2W8

          (the "Company")

AND:

          Walter J. Beisheim,  a businessman,  residing at 675 Belden Court, Los
          Altos, CA. 94022

          (the "Executive")

     WHEREAS the Company  wishes to employ the  Executive  and the  Executive is
willing to accept such  employment  upon the terms and  conditions  set forth in
this Agreement;

     WHEREAS,  the Company is in the business (the  "Business")  of  developing,
marketing and implementing mobile workforce management systems.

     NOW THEREFORE in consideration of the premises and the mutual covenants and
agreements  herein set forth the parties hereto  mutually  covenant and agree as
follows:

1.   EMPLOYMENT

1.1 The Company  hereby  employs the  Executive to be the Senior Vice  President
Worldwide  Sales and Marketing of the Company and the Executive  hereby  accepts
such employment. The Executive shall report to the President and Chief Executive
Officer of the  Company  and shall  perform  all  duties and have all  authority
incident to the position of Senior Vice  President  of the  Company,  as further
described in the attached  Schedule A, and such additional duties as he may from
time to time be reasonably  required to perform,  including  without  limitation
serving as the Senior Vice  President  Worldwide  Sales and  Marketing  of other
companies  within  the MDSI  group of  companies,  including  MDSI  Mobile  Data
Solutions  Inc.,  and such  additional  authority as he may from time to time be
given, by the President and Chief Executive Officer.

1.2 The Executive shall perform his duties out of the Richmond, British Columbia
office of the  Company or out of such other  offices in Lower  Mainland  area of
British  Columbia  which  the  Company  shall  establish  and  designate  as its
Vancouver  offices  from  time to time.  The  Executive's  duties  will  involve
extensive domestic and international travel.

<PAGE>

                                      -2-

2.   EXCLUSIVE SERVICE

2.1 Except as expressly provided the Executive shall, during his employment with
the Company, devote his entire attention on a full-time basis to the business of
the Company. Provided he obtains the prior written approval of the President and
Chief  Executive  Officer the  Executive  may,  during his  employment  with the
Company undertake work as a director or consultant to any other company, firm or
individual that is not in competition with the Company.

3.   SALARY AND BONUSES

3.1  The Company shall pay the  Executive an annual base salary ("Base  Salary")
     of C$220,000 gross payable bi-monthly.

3.2  An annual  incentive  plan  details  of which  will be worked  out  between
     yourself and the CEO that will provide  additional  earning potential based
     upon the  achievement  of  predetermined  sales  targets  and/or  corporate
     earnings  details to be worked out  between  yourself  and the CEO prior to
     July 1, 2002.

3.3 All  payment  of salary  shall be  subject to  deduction  of all  applicable
deductions required at law or made pursuant to this Agreement.

4.   EXPENSES

4.1 The Company shall provide to the Executive the following expenses, equipment
and allowances:

     i)   reimbursement  for all reasonable and necessary  expenses  incurred by
          the  Executive  in the  conduct  of the  business  of the  Company  in
          accordance with travel and expense policies established by the Company
          from time to time; and

     ii)  appropriate  hardware/software,  including  cell  phone and a portable
          computer  selected by the Company to permit the  Executive  to operate
          effectively  while  away  from the  office  or at home and  associated
          costs.

5.   STOCK OPTIONS

5.1 The  Executive  shall be  entitled  to  participate  in the  Employee  Stock
Purchase  Plan as  established  by the Company and amended  from time to time. A
copy of that  Plan has been  supplied  to the  Executive  who  acknowledges  its
receipt.

5.2 In  addition,  the Company  will grant the  Executive  an option to purchase
15,000 common shares in the capital of the Company at an exercise price equal to
closing price of Company shares

<PAGE>

                                      -3-

on the TSE on June 24,  2002.  The option to purchase the first  one-quarter  of
these shares shall vest upon the first anniversary date of the date of the grant
and  thereafter,  the  balance  shall  vest pro rata  over a period of 36 months
commencing one month after the first anniversary date of the date of employment.

5.3 The stock options  granted are made in accordance  with the Company's  Stock
Option  Plan  ("the  Plan")  as  amended  from  time  to  time  by the  Company.
Notwithstanding the provisions in the Plan regarding  accelerated vesting in the
event of a Change of Control (as defined in the Plan) or  Terminating  Event (as
defined in the Plan), in the event that a Change of Control or Terminating Event
occurs  only  those  Stock  Options  that would  have  ordinarily  vested to the
Executive  over the next  twelve  months had such  change or event not  occurred
shall become immediately vested and exercisable in accordance with Section 11 of
the Plan.  Further in the event of a Change of Control or Terminating  Event and
the successor entity or new control person(s) of the Company does not:

     i)   grant  substitute  stock options under an existing plan which replaces
          or  assumes  the  remaining  balance  of the  unvested  Stock  Options
          previously granted; or

     ii)  establish a new or  successor  stock option plan and issue new options
          under such plan to replace the remaining balance of the unvested Stock
          Options previously granted;

then the  remaining  balance of such Stock Options  shall  immediately  vest and
become exercisable.

The  terms  of  granting  of these  options  and the  terms  and  conditions  of
exercising are set forth in the Stock Option Plan itself.

5.4 Stock  options  which have  vested may be  exercised  at any time up to five
years from the date of grant.  Those stock  options which have not vested by the
date of termination of the Executive's  employment with the Company shall expire
automatically   as  of  that  date.  Upon   termination  of  his  employment  by
resignation,  the Executive  shall have a period of thirty (30) days in which to
exercise vested share purchase options, failing which those options shall expire
automatically.

6.   VACATION

6.1 The  Executive  shall be  entitled  to four (4)  weeks  vacation  per  annum
commencing 2003 and prorated for the year 2002.

7.   BENEFITS

7.1 The Executive  shall receive those  benefits  (including  medical,  extended
health,  dental,  short and long term  disability,  life  insurance  and  family
assistance) that are provided to Canadian based

<PAGE>

                                      -4-

employees in the Company Employee Benefit Program (the "Program") in effect upon
the  Executive's  employment  date as that Program may be modified  from time to
time. A copy of the Program has been supplied to the Executive who  acknowledges
its receipt.

8.   SICK LEAVE

8.1 If the  Executive  shall,  at any time,  by reason of  illness  or mental or
physical  disability,  be  incapacitated  from  carrying  out the  terms of this
Agreement,  he shall  furnish the Company  with  medical  evidence to prove such
incapacity and the cause thereof,  and shall receive his full salary until short
and long term disability benefits begin.

9.   CONFIDENTIAL INFORMATION

9.1 The  Executive  acknowledges  that as an officer of the Company,  he holds a
fiduciary  position  and owes to the  Company a duty of utmost  loyalty and good
faith.  The Executive agrees to serve the Company well and faithfully and to the
best of his ability, and to use his best efforts to promote its interests.

9.2 The Executive  recognizes that the Company's  Business and continued success
depend upon the use and  protection of  proprietary  and  confidential  business
information  and that in the  exercise  of his duties  with the  Company he will
develop and receive  information which is proprietary and/or confidential to the
Company and its current or future  subsidiaries and affiliates which information
may include but shall not be limited to: intellectual property;  know-how; trade
secrets  and  processes;  product  specifications;  methods  of doing  business;
information with respect to the Company's organization; information with respect
to the Company's financial affairs and business plans;  information with respect
to the  Company's  pricing  policies;  sales and  marketing  plans;  information
concerning the development of new products and services;  information concerning
any  personnel  of  the  Company  (including,  without  limitation,  skills  and
compensation information);  information with respect to the identity and special
needs of the Company's  customers;  and technical and non-technical data related
to  software  programs,  designs,  specifications,   compilations,   inventions,
improvements,  methods, processes,  procedures and techniques (the "Confidential
Information").

9.3 The Executive agrees that he shall not disclose the Confidential Information
(either  during  the  continuance  of  his  employment  hereunder  or  any  time
thereafter)  to any third  parties  except as required  in the normal  course of
business  and shall not use the  Confidential  Information  (either  during  the
continuance  of his  employment  hereunder or any time  thereafter)  for his own
purposes,  or  any  purposes  other  than  those  of  the  Company.  Executive's
obligation under this Agreement is in addition to any obligations  Executive has
under  provincial or federal law. The Executive  further agrees in consideration
for his  continued  employment  by the Company to execute such further and other
agreements concerning the secrecy of the affairs of the Company or any companies
with  which the  Company  is  affiliated  or  associated  as the  Company  shall
reasonably request. Executive

<PAGE>

                                      -5-

agrees to deliver to the Company  immediately  upon  termination  of Executive's
employment,  or at  any  time  the  Company  so  requests,  all  tangible  items
containing any Confidential  Information  (including,  without  limitation,  all
memoranda,   photographs,   records,  reports,  manuals,  drawings,  blueprints,
prototypes,  notes taken by or provided to Executive, and any other documents or
items of a  confidential  nature  belonging to the  Company),  together with all
copies of such material in Executive's  possession or control.  Executive agrees
that in the  course  of his  employment  with the  Company,  Executive  will not
violate in any way the rights that any entity has with  regard to trade  secrets
or proprietary or confidential  information.  Executive's obligations under this
Section 9 are  indefinite  in term and shall  survive  the  termination  of this
Agreement.

9.4  Information  shall  not be  considered  as  confidential  if at the time of
disclosure  by the  Executive  it is  generally  known  to the  public  or after
disclosure by the Executive it becomes known to the public  through no violation
of this  Agreement or is disclosed to the  Executive by a third party that it is
not under an obligation to maintain the confidentiality of the information.

10.  NON COMPETITION

10.1 The Company and the Executive  specifically  agree that during  Executive's
employment  by the  Company  and for a period  expiring  two (2) years after the
termination of Executive's  employment for any reason,  Executive  covenants and
agrees the he will not:

     i) Directly, indirectly, or otherwise, own, manage, operate, control, serve
as a consultant  to, be employed by,  participate  in, or be  connected,  in any
manner,  with the  ownership,  management,  operation or control of any business
that  competes with the Business or that competes with the Company or any of its
affiliates or that is engaged in any type of business  which, at any time during
Executive's  employment  with the Company,  the Company or any of its affiliates
planned to develop.

     ii) Hire,  offer to hire,  entice away or in any other  manner  persuade or
attempt to persuade any officer, Executive or agent of the Company or any of its
affiliates to alter or discontinue a relationship  with the Company or to do any
act  that is  inconsistent  with  the  interests  of the  Company  or any of its
affiliates;

     iii)  Directly  or  indirectly  solicit,  divert,  take away or  attempt to
solicit,  divert  or  take  away  any  customers  of the  Company  or any of its
affiliates; or

     iv) Directly or indirectly solicit, divert, or in any other manner persuade
or attempt to persuade any supplier of the Company or any of its  affiliates  to
alter or discontinue its relationship with the Company or any of its affiliates.

<PAGE>

                                      -6-

10.2 For the purposes of this Section 10,  businesses that are deemed to compete
with  the  Company  include,  without  limitation,  businesses  engaged  in  the
developing,  marketing and implementing mobile workforce management systems. Due
to the nature  and extent of the  Business  of the  Company,  the market for the
Company's products,  the technologies with which the Company is involved and the
fact  that  the  Company  does  business  on  a  global  basis,   the  Executive
acknowledges and agrees the geographic scope of the prohibitions in this Section
10  shall be the  World.  Notwithstanding  Executive's  obligations  under  this
Section 10, Executive will be entitled to own, as a passive investor, up to five
percent (5%) of any publicly traded company without violating this provision.

10.3 The  Executive  and the Company  agree that:  Section 10 does not impose an
undue  hardship on the Executive  and is not injurious to the public;  that this
provision  is  necessary  to  protect  the  business  of  the  Company  and  its
affiliates;  the nature of the  Executive's  responsibilities  with the  Company
under this  Agreement  require  the  Executive  to have  access to  confidential
information which is valuable and confidential to all of the Business; the scope
of this  Section  10 is  reasonable  in terms of length  of time and  geographic
scope;   and  adequate   consideration   supports  this  Section  10,  including
consideration herein.

11.  OWNERSHIP AND USE OF WORK PRODUCTS

11.1 The Executive  agrees that any work  products  produced by the Executive in
the course of his employment  with the Company whether  developed  solely by the
Executive or jointly with any other party (the "Work Product") shall be the sole
and exclusive property of the Company.

11.2 The Company  acknowledges that general  knowledge and experience  including
general  techniques,  algorithms,  methods and  formulae not  developed  for the
Company's  specific  application or work gained by the Executive  prior to or in
the course of his association with the Company,  may be used by the Executive at
any time prior to,  during or subsequent  to his  association  with the Company,
unless a specific agreement to the contrary is entered into by the Executive and
the  Company,  as long as the  Executive  is not in breach of his  covenants  of
non-competition contained herein.

11.3 At any and all times, either during or after termination of the Executive's
employment with the Company, the Executive will promptly,  on the request of the
Company,  perform all such acts and execute and deliver all such  documents that
may be necessary to vest in the Company the entire right,  title and interest in
and to any such Work Product.  Should any services be rendered after termination
of his association  with the Company a reasonable  compensation  will be paid to
the  Executive  upon a per diem basis in addition to reasonable  travelling  and
accommodation expenses incurred as a result of rendering such services.

11.4 The  Executive  hereby  assigns to the Company any rights the Executive may
have or acquire in the Work  Product  and  waives  all  claims  whatsoever  with
respect to the Work Product including

<PAGE>

                                      -7-

any moral rights which he may have or acquire in the Work Product or to its use,
including the right to restrain or claim damages for any distortion,  mutilation
or other modification of the Work Product or any part thereof whatsoever,  or to
restrain  use or  reproduction  of  the  Work  Product  in  any  context,  or in
connection with any product or service.

12.  INVENTIONS AND PATENTS

12.1 For purposes of this Agreement,  "Inventions" includes, without limitation,
information,  inventions,  contributions,  improvements,  ideas, or discoveries,
whether  protectable  or not,  and whether or not  conceived or made during work
hours.  The  Executive  agrees  that  all  Inventions  conceived  or made by the
Executive  during  the  period  of  employment  with the  Company  belong to the
Company,  provided  they grow out of  Executive's  work with the  Company or are
related in some manner to the Business, including, without limitation,  research
and product development, and projected business of the Company or its affiliated
companies. Accordingly, the Executive will:

     (i) Make adequate written records of such Inventions, which records will be
the Company's property;

     (ii) Assign to the Company,  at its request,  any rights the  Executive may
have to such Inventions for the U.S. and all foreign countries;

     (iii) Waive and agree not to assert any moral rights the Executive may have
or acquire in any Inventions and agree to provide  written  waivers from time to
time as requested by the Company; and

     (iv)  Assist the  Company  (at the  Company's  expense)  in  obtaining  and
maintaining patents or copyright registrations with respect to such Inventions.

12.2 The Executive  understands and agrees that the Company or its designee will
determine,  in its sole and  absolute  discretion,  whether an  application  for
patent  will be filed on any  Invention  that is the  exclusive  property of the
Company,  as set forth above,  and whether such an application will be abandoned
prior to issuance of a patent.

12.3 The Executive  further agrees that he will promptly  disclose in writing to
the  Company  during  the term of  Executive's  employment  and for one (1) year
thereafter,  all Inventions whether developed during the time of such employment
or thereafter (whether or not the Company has rights in such Inventions) so that
the  Executive's  rights  and the  Company's  rights in such  Inventions  can be
determined. Except as set forth on the initialed Schedule B (List of Inventions)
to this  Agreement,  if any, the  Executive  represents  and  warrants  that the
Executive  has no  Inventions,  software,  writings or other works of authorship
useful  to the  Company  in  the  normal  course  of the  Business,  which  were
conceived,  made or written  prior to the date of this  Agreement  and which are
excluded from the operation of this Agreement

<PAGE>

                                      -8-

13.  REMEDIES

13.1 The Executive agrees that  Executive's  violation of any of Sections 9, 10,
11 or 12 of this Agreement would cause the Company  irreparable harm which would
not be adequately  compensated by monetary damages and that an injunction may be
granted by any court or courts having  jurisdiction,  restraining  the Executive
from  violation of the terms of this  Agreement,  upon any breach or  threatened
breach of the Executive of the  obligations  set forth in any of Sections 9, 10,
11 or 12. The  preceding  sentence  shall not be  construed to limit the Company
from any other  relief or damages to which it may be entitled as a result of the
Executive's breach of any provision of this Agreement, including Sections 9, 10,
11 or 12. The  Executive  also agrees that a violation of any of Sections 9, 10,
11 or 12 would entitle the Company,  in addition to all other remedies available
at law or equity,  to recover from the Executive  any and all funds,  including,
without  limitation,  wages and salary,  which will be held by the  Executive in
constructive trust for the Company, received by the Executive in connection with
such violation.

14.  TERMINATION OF EMPLOYMENT

14.1 The  Executive's  employment  may be  terminated at any time by the Company
without  previous  notice and without payment in lieu of notice for cause which,
for the purposes of this agreement shall include but not be limited to:

     i)   dishonesty  in  the  course  of the  discharge  of  his  duties  as an
          employee;

     ii)  gross negligence or repetitive  negligence committed without regard to
          corrective  direction in the course of the  discharge of his duties as
          an employee;

     iii) conviction of any criminal offence other than an offence which, in the
          reasonable  opinion of the Company does not affect the  reputation  of
          the Company or the  Executive's  position as a  representative  of the
          Company;

     iv)  becoming bankrupt or insolvent;

     v)   any incapacity, other than an illness or disability, which renders the
          Executive incapable of continuing his employment for a period of three
          (3) months or longer.

14.2 The  Executive  shall be  entitled to  terminate  his  employment  with the
Company,  at will, at any time by giving notice in writing to the Company of not
less than four weeks unless  otherwise  agreed to in writing by the parties.  In
the event the Executive terminates his employment within the first 12 months, he
will  not be  entitled  to any  additional  vacation  pay  and  thereafter,  the
Executive

<PAGE>

                                      -9-

shall be entitled to receive an amount equal to his annual accrued vacation pay,
less any vacation  days actual taken by the  Executive  during the  then-current
year.

14.3 The Company may  terminate  the  employment  of the  Executive  at will and
without  cause at any time upon giving notice in writing to the Executive of not
less  than  twelve  (12)  months  or  payment  in lieu  thereof.  The  Executive
acknowledges  and agrees that he shall not be entitled to any other severance or
termination package in connection with his employment  whatsoever.  In the event
the Executive is terminated  in accordance  with this Section 14.3,  the Company
shall also pay to him any current year accrued vacation standing to his credit.

15.  RESIGNATION AND INDEMNITY

15.1 Upon  termination  of this  Agreement,  the  Executive  will  tender to the
Company,  and their associated  companies,  his resignation as an officer and if
applicable, his resignation as a director.

15.2 Subject to the Canada  Business  Corporations  Act, as amended from time to
time (the "Act"),  the Company  hereby  indemnifies  the  Executive,  his heirs,
executors  administrators  and  personal  representatives   (collectively,   the
"Indemnitees") and save the Indemnitees  harmless against all costs, charges and
expenses  actually and reasonably  incurred by the Indemnities in law, in equity
or under any statute or regulation,  in connection with any civil,  criminal, or
administrative   claim,  action,   proceeding  or  investigation  to  which  the
Indemnitees  are made a party  or in which  they  are  otherwise  involved  as a
witness or other  participant by reason of the Executive  being or having been a
Director or officer of the Company or its  affiliated or  associated  companies,
including any action brought by the Company or companies, if:

     i)   the Executive acted honestly and in good faith with a view to the best
          interests of the Company or companies; and

     ii)  in the case of a criminal or administrative claim, action,  proceeding
          or investigation,  the Executive had reasonable  grounds for believing
          that his conduct was lawful.

15.3 Without limiting the generality of the foregoing of Section 15.2 the costs,
charges and expenses  against which the Company will  indemnify the  Indemnitees
include:

     i)   any and all fees, costs and expenses actually and reasonably  incurred
          by the Indemnitees in investigating, preparing for, defending against,
          providing evidence in, producing  documents or taking any other action
          in connection with any commenced or threatened  action,  proceeding or
          investigation,  including  reasonable  legal  fees and  disbursements,
          travel, and lodging costs;

     ii)  any amounts reasonably paid in settlement of any action, proceeding or
          investigation;

<PAGE>

                                      -10-

     iii) any amounts paid to satisfy a judgement or penalty, including interest
          and costs; and

     iv)  all costs charges and expenses  reasonably incurred by the Indemnitees
          in  establishing  their  right  to be  indemnified  pursuant  to  this
          Agreement.

15.4 If the  Indemnitees  or any one of them are  required  to  include in their
income, or in the income of the estate of the Executive,  any payment made under
this  Section  15 for the  purpose  of  determining  income  tax  payable by the
Indemnitees or any of them or the estate, the Company shall pay an amount by way
of indemnity that will fully  indemnify the Indemnitees or estate for the amount
of all  liabilities  described  in Section  15.2 and Section 15.3 and all income
taxes payable as a result of the receipt of the indemnity payment.

15.5 Upon receipt of a written request by the  Indemnitees  for  indemnification
under this Agreement (an "Indemnification  Notice"),  the Company will forthwith
apply to the Supreme  Court of British  Columbia for  approval of the  requested
indemnification,  will diligently  proceed to obtain such approval and will take
all other steps  necessary to provide the requested  indemnification  as soon as
practicable following receipt of the Indemnification Notice.

15.6 Any failure by the  Executive  in his  capacity as a director or officer of
the Company to comply with the provisions of the Act or the Memorandum, Articles
or  Bylaws of the  Company  will not  invalidate  any  indemnity  to which he is
entitled under this Agreement.

16.  RETURN OF PROPERTY

16.1 In the event of  termination of this  Agreement,  the Company agrees to pay
the Executive all arrears of compensation, and all out of pocket expenses owing,
up to and  including the effective  date of  termination,  upon receipt from the
Executive of (and the Executive agrees to deliver to the Company);

     i)   any property of the Company which may be in the  possession or control
          of the Executive; and

     ii)  the repayment of any sums owed by the Executive to the Company.

17.  SURVIVAL

17.1 Notwithstanding the termination of this Agreement for any reason whatsoever
the provisions of Sections 9, 10, 11, 12 and 15 hereof and any other  provisions
of this  Agreement  necessary to give efficacy  thereto  shall  continue in full
force and effect following such termination.

<PAGE>

                                      -11-

18.  NOTICE

18.1 Any notice or other  communication  (each a "Communication") to be given in
connection  with this  Agreement  shall be given in writing  and may be given by
personal delivery, by registered mail or by telecopier, addressed as follows:

TO:     Mobile Data Solutions Inc.
        Suite 1300
        One Pierce Place
        Itasca, Illinois, 60143
        Attn:    President and COO
        Phone:   630-875-2800
        Fax:     630-775-1552

        AND TO: Walter J. Beisheim
                675 Belden Court
                Los Altos, CA 94022

                Phone: 650-949-4084
                Fax:     ___________

or at such other address or telecopier  number as shall have been  designated by
Communication  by  either  party  to  the  other.  Any  Communication  shall  be
conclusively deemed to be received,  if given by personal delivery,  on the date
and at the time of actual delivery  thereof and, if given by registered mail, on
the fifth day  following  the date of mailing,  if given by  telecopier,  on the
business  day  following  the  transmittal  thereof.  If the  party  giving  any
Communication  knows or ought  reasonably  to know of any  actual or  threatened
interruptions  of the mails,  such  Communication  shall not be sent by mail but
shall be given by personal delivery or telecopier.

19.  ENTIRE AGREEMENT

19.1 Any other previous agreements,  written or oral, between the parties hereto
relating to the employment of the Executive by the Company are hereby terminated
and  cancelled  and each of the  parties  hereto  hereby  releases  and  forever
discharges the other party hereto of and from all manner of actions,  causes and
demands  whatsoever  under or in respect of any such agreement.  This Agreement,
together  with  the  Plans  and  Programmes  which  are by  reference  expressly
incorporated  into it,  constitutes  and  expresses  the whole  agreement of the
parties hereto with reference to the employment of the Executive by the Company,
and with  reference  to any of the  matters or things  herein  provided  for, or
herein before  discussed or mentioned  with  reference to such  employment;  all
promises,  representations,  and  understandings  relative  thereto being merged
herein.

<PAGE>

                                      -12-

20.  AMENDMENTS AND WAIVERS

20.1 No amendment to this  Agreement  shall be valid or binding unless set forth
in writing and duly  executed by both of the  parties  hereto.  No waiver or any
breach of any by the party  purporting  to give the same and,  unless  otherwise
provided  in the  written and signed  waiver,  shall be limited to the  specific
breach waived.

21.  BENEFITS OF AGREEMENT

21.1 The  provisions  of this  Agreement  shall  enure to the  benefit of and be
binding upon the legal  representatives  of the Executive and the successors and
assigns of the Company respectively.

22.  SEVERABILITY

22.1 If any provision of this Agreement or compliance by any of the parties with
any  provision of this  Agreement  constitutes  a violation of any law, or is or
becomes  unenforceable or void, then such provision,  to the extent only that it
is in violation of law,  unenforceable  or void, shall be deemed modified to the
extent  necessary so that it is no longer in violation of law,  unenforceable or
void, and such  provision  will be enforced to the fullest  extent  permitted by
law. If such modification is not possible, said provision, to the extent that it
is in violation of law,  unenforceable  or void,  shall be deemed severable from
the remaining provisions of this Agreement, which provisions will remain binding
on the parties.  The Executive  hereby agrees that all  restrictions  herein are
reasonable and valid and all defenses to the strict  enforcement  thereof by the
Company are hereby waived by the Executive.

23.  GOVERNING LAW

23.1 This  Agreement  shall be governed by and construed in accordance  with the
laws of the Province of British  Columbia.  The Company and the Executive hereby
irrevocably  attorn to the jurisdiction of the courts of the Province of British
Columbia, exclusively.

24.  COPY OF AGREEMENT

24.1 The Executive hereby acknowledges  receipt of a copy of this Agreement duly
signed by the Company.

<PAGE>

                                      -13-

IN WITNESS  WHEREOF the parties have executed  this  Agreement as of the day and
year first above written:

SIGNED, SEALED AND DELIVERED by     )
Walter J. Beisheim                  )
in the presence of:                 )
                                    )
----------------------------        )  /s/ Walter J. Beisheim
Witness                             ---------------------------------------
                                    ) Walter J. Beisheim
----------------------------        )
Address                             )
                                    )
----------------------------        )
Occupation                          )

MOBILE DATA SOLUTIONS INC.

Per:   /s/ Ron Toffolo
       ---------------------------
       Authorized Signatory

<PAGE>

                                      -14-

                                  Schedule "A"

        Job Description: Sr. Vice President Worldwide Sales and Marketing

Purpose:

To establish short-term and long-range objectives, plans and policies subject to
the approval of the President and Chief Executive Officer.  To direct all aspect
of the Company's Sales and Marketing strategies.

Duties and Responsibilities:

Develop  corporate goals,  objectives and strategies for the Company's Sales and
Marketing strategies in accordance with direction from the Company.  Directs and
coordinates  Company's  Sales and Marketing  staff so that their  activities are
carried  out in an  integrated  manner  consistent  with the  overall  corporate
objective.

Assist in the  development of corporate  policies in conjunction  with Company's
executive team.

Establishes accountability and authority for subordinate executives and monitors
their  performance  in  execution  of  business  plans,  financial  results  and
organizational objectives. Take corrective action as required.

Implements on a continuous basis an  organizational  structure and staffing plan
that meets the on-going needs of the Company.

Represents the Company in important  external business  relationships with major
clients,  strategic partners and financial  community as directed by the Company
from time to time.

The above outlines essential responsibilities and activities and is not intended
to be an exhaustive list.  Depending on Company's  requirements other duties may
be assigned.

<PAGE>

                                      -15-

                                  Schedule "B"

                               LIST OF INVENTIONS

                                      None

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