Document:

<PAGE>
                                  EXHIBIT 10.1

                         NEWNAN COWETA BANCSHARES, INC.

                        2001 INCENTIVE STOCK OPTION PLAN

I.       DEFINITIONS

         a.       "Company" - NEWNAN COWETA BANCSHARES, INC.

         b.       "Code" - Internal Revenue Code of 1986, as amended.

         c.       "Committee" - the Compensation Committee of the Board of
                  Directors.

         d.       "Common Stock" - common voting stock of the Company.

         e.       "Board" - voting members of the Board of Directors of the
                  Company.

         f.       "Option" - right to purchase shares of Common Stock.

         g.       "Option Agreement" - formal agreement for each grant with
                  specific terms and conditions not inconsistent with this
                  Plan.

         h.       "Optionee"- an eligible person under Section 5 below who has
                  been granted options under this Plan.

         i.       "Plan"- Newnan Coweta Bancshares, Inc. 2001 Incentive Stock
                  Option Plan.

2.       PURPOSE

         The purposes of the Plan are: (i) to assist the Company in securing
         and retaining key employees of outstanding ability by making it
         possible to offer them an increased incentive to join or continue in
         the service of the Company; and (ii) to increase the key employees'
         efforts for the Company's welfare by participating in the ownership
         and growth of the Company. The Options granted under the Plan are
         intended to be "Incentive Stock Options" within the meaning of Section
         422 of the Code.

3.       SHARES SUBJECT TO THE PLAN

         Subject to adjustments pursuant to the provisions of Section 14, there
         shall be authorized and reserved for issuance upon the exercise of
         Options to be granted under the Plan, One Hundred Fifty Thousand
         (150,000) shares of Common Stock less the number of shares of Common
         Stock issuable upon the exercise of options assumed by the Company in
         connection with the transactions contemplated by the Reorganization
         Agreement dated April 12, 2001 by and among the Company, Newnan Coweta
         Bank and Newnan Interim Corporation.

4.       ADMINISTRATION

         The Committee whose members are not participants in the Plan will have
         complete authority to interpret the Plan, make grants, and determine
         terms and conditions within the context of the Plan.

<PAGE>

5.       ELIGIBILITY

         The following persons are eligible to receive Options under the Plan:
         Full-time key employees of the Company and its subsidiary banks who
         are selected by the Committee from time to time and who, in the
         opinion of the Committee, have contributed in the past or who may be
         expected to contribute materially in the future to the successful
         performance of the Company or its subsidiaries.

6.       GRANTING OF OPTIONS; OPTION EXERCISE PRICE

         All Options granted under the Plan are intended to be "Incentive Stock
         Options" within the meaning of Section 422 of the Code and shall be
         evidenced by an Option Agreement. The Board, upon recommendation of
         the Committee, may grant Options to full-time key employees of the
         Company or its subsidiaries as desirable. Any Option granted hereunder
         shall have a per share option exercise price at least equal to the
         fair market value of a share of the Common Stock on the date of the
         grant. The Option exercise price shall be subject to adjustments in
         accordance with the provisions of Section 14 herein.

7.       TERM OF OPTION

         Subject to the provisions of Section 9 herein, the period during which
         each Option may be exercised shall be fixed by the Committee at the
         time such Option is granted, but such period shall expire not later
         than ten years from the date the Option is granted.

8.       MANNER OF EXERCISE

         The Options shall be exercised by written notice, delivered to the
         Secretary of the Company and signed by the Optionee or his or her
         successors stating the number of shares with respect to which the
         Option is being exercised. Payment in full of the Option price of the
         said shares must be made at the time of exercise, and payment may be
         made in cash or shares of the Common Stock previously held by the
         Optionee or a combination. Payment in shares may be made with shares
         received upon the exercise or partial exercise of an Option, whether
         or not involving a series of exercises or partial exercises and
         whether or not share certificates for such shares surrendered have
         been delivered to the Optionee. Shares surrendered in payment of the
         Option price shall be valued at the fair market value as of the date
         of the exercise.

9.       TERMINATION OF OPTIONS

         All unexercised Options will terminate upon (i) the lapse by their
         terms, (ii) immediately upon the termination of the Optionee's
         employment with the Company or its subsidiaries, except by reason of
         death, retirement or disability, or (iii) ninety (90) days after the
         termination of the Optionee's employment with the Company or its
         subsidiaries because of death, disability or retirement. During such
         90-day period, all unexercised Options may be exercised by the
         Optionee or his legal representative in the event of death or

                                       2
<PAGE>

         mental disability.

10.      LIMITATIONS

         Options shall not be granted to any individual pursuant to this Plan,
         the effect of which would be to permit such person to first exercise
         Options, in any calendar year, for the purchase of shares having a
         fair market value in excess of $100,000 (determined at the time of the
         grant of the Options). Optionee may exercise options for the purchase
         of shares valued in excess of $100,000 (determined at the time of
         grant of the Options) in a calendar year, but only if the right to
         exercise such Options shall have first become available in prior
         calendar years.

         No Optionee owning more than ten percent (10%) of the combined voting
         power of all classes of stock of the Company then outstanding may
         purchase Common Stock under this Plan for less than one hundred ten
         percent (110%) of its fair market value on the date of grant nor may
         any Option granted to such a person be exercisable on a date later
         than five (5) years from the date of grant.

11.      NONTRANSFERABILITY OF OPTIONS; RESTRICTIONS ON ISSUANCE OF COMMON STOCK

         Options granted under this Plan are nontransferable except by will or
         by the laws of descent and distribution. No shares shall be delivered
         pursuant to any exercise of an Option until the requirements of such
         laws and regulations, as may be deemed by the Board to be applicable
         to them, are satisfied and until payment in full as described in
         Section 6 of the Option price is received by the Company.

12.      RIGHTS OF OPTIONEE

         An Optionee will have no rights as a shareholder until a stock
         certificate for the Common Stock is issued. Nothing in the Plan, in
         any Option Agreement or resulting stock ownership, will give to an
         Optionee any right to continuation of employment.

13.      OTHER TERMS AND CONDITIONS

         Any Option granted hereunder shall contain additional terms which are
         not inconsistent with the terms of this Plan, as the Board or the
         Committee deems necessary or desirable, provided that any such Option
         shall qualify as an "Incentive Stock Option" within the meaning of
         Section 422 of the Code.

                                       3
<PAGE>

14.      CAPITAL ADJUSTMENTS AFFECTING STOCK

         In the event of a capital adjustment resulting from a stock dividend,
         stock split, reorganization, merger, consolidation, or a combination
         or exchange of shares, the number of shares of stock subject to this
         Plan and the number of shares under any Option granted hereunder shall
         be adjusted consistent with such capital adjustment. The price of any
         share under Option shall be adjusted so that there will be no change
         in the aggregate purchase price payable upon the exercise of any such
         Option. The granting of an Option pursuant to this Plan shall not
         affect in any way the right or power of the Company to make
         adjustments, reorganizations, reclassifications, or changes of its
         capital or business structure or to merge, consolidate, dissolve,
         liquidate or sell or transfer all or any part of its business or
         assets.

         After any merger, consolidation or reorganization of any form
         involving the Company as a party thereto involving any exchange,
         conversion, adjustment or other modification of the outstanding shares
         of the Company's Common Stock, each Optionee at the time of such
         reorganization shall, at no additional cost, be entitled, upon any
         exercise of his or her Option, to receive, in lieu of the number of
         shares as to which such option shall then be so exercised, the number
         and class of shares of stock or other securities or such other
         property to which such Optionee would have been entitled pursuant to
         the terms of the agreement of merger or consolidation, if at the time
         of such merger or consolidation, such Optionee had been a holder of
         record of a number of shares of the Common Stock of the Company equal
         to the number of shares as to which such Option shall then be so
         exercised. Comparable rights shall accrue to each Optionee in the
         event of successive mergers or consolidations of the character
         described above.

         The foregoing adjustments and the manner of their application will be
         in the sole discretion of the Committee to determine.

         Anything contained herein to the contrary notwithstanding, upon the
         dissolution or liquidation of the Company each Option granted under
         the Plan shall terminate.

15.      AMENDMENTS, SUSPENSION OR TERMINATION OF THE PLAN

         The Board of the Company shall have the right, at any time, to amend,
         suspend or terminate the Plan; provided, however, no amendments shall
         be made in the Plan without the approval of the stockholders of the
         Company which:

                  (a)      Increase the total number of shares for which
         Options may be granted under this Plan for all key employees except as
         provided in Section 14.

                  (b)      Change the minimum purchase price for the optioned
         shares except as provided in Section 14.

                  (c)      Affect outstanding Options or any unexercised rights
         thereunder except as provided in Section 14.

                                       4
<PAGE>

                  (d)      Extend the option period provided in Section 7.

                  (e)      Extend the termination date of the Plan.

16.      EFFECTIVE DATE

         The Plan shall take effect on April 12, 2001. Unless an earlier
         termination date is specified under Section 9 above, this Plan shall
         terminate on April 11, 2011. No Options may be granted under the Plan
         after its termination date, but any Option granted prior thereto may
         be exercised in accordance with its terms. The Plan and all Options
         granted pursuant to it are subject to all laws, approvals,
         requirements and regulations of any governmental authority which may
         be applicable thereto and, notwithstanding any provisions of the Plan
         or Option Agreement, the holder of an Option shall not be entitled to
         exercise his or her Option nor shall the Company be obligated to issue
         any shares to the holder if such exercise or issuance shall constitute
         a violation by the holder or the Company of any provisions of any such
         approval requirements, law or regulations.

17.      REGULATION

         The Company's regulators may direct the Company to require plan
         participants to exercise or forfeit their stock rights if the
         Company's capital falls below the minimum requirements, as determined
         by the regulators.

                                       5<PAGE>
                                                                    EXHIBIT 10.3

                  HAVERTY FURNITURE COMPANIES, INC. THRIFT PLAN
<PAGE>

                                TABLE OF CONTENTS

<TABLE>
  <S>                                                                                               <C>
                                               ARTICLE I
                                              DEFINITIONS

                                               ARTICLE II
                                             ADMINISTRATION

   2.1   POWERS AND RESPONSIBILITIES OF THE EMPLOYER..............................................  14
   2.2   DESIGNATION OF ADMINISTRATIVE AUTHORITY..................................................  15
   2.3   POWERS AND DUTIES OF THE ADMINISTRATOR...................................................  15
   2.4   RECORDS AND REPORTS......................................................................  16
   2.5   APPOINTMENT OF ADVISERS..................................................................  16
   2.6   PAYMENT OF EXPENSES......................................................................  16
   2.7   CLAIMS PROCEDURE.........................................................................  17
   2.8   CLAIMS REVIEW PROCEDURE..................................................................  17

                                               ARTICLE III
                                               ELIGIBILITY

   3.1   CONDITIONS OF ELIGIBILITY................................................................  18
   3.2   EFFECTIVE DATE OF PARTICIPATION..........................................................  18
   3.3   DETERMINATION OF ELIGIBILITY.............................................................  18
   3.4   TERMINATION OF ELIGIBILITY...............................................................  18
   3.5   OMISSION OF ELIGIBLE EMPLOYEE............................................................  19
   3.6   INCLUSION OF INELIGIBLE EMPLOYEE.........................................................  19
   3.7   ELECTION NOT TO PARTICIPATE..............................................................  19

                                               ARTICLE IV
                                       CONTRIBUTION AND ALLOCATION

   4.1   FORMULA FOR DETERMINING EMPLOYER CONTRIBUTION............................................  19
   4.2   PARTICIPANT'S SALARY REDUCTION ELECTION..................................................  20
   4.3   TIME OF PAYMENT OF EMPLOYER CONTRIBUTION.................................................  23
   4.4   ALLOCATION OF CONTRIBUTION, FORFEITURES AND EARNINGS.....................................  23
   4.5   ACTUAL DEFERRAL PERCENTAGE TESTS.........................................................  25
   4.6   ADJUSTMENT TO ACTUAL DEFERRAL PERCENTAGE TESTS...........................................  29
   4.7   ACTUAL CONTRIBUTION PERCENTAGE TESTS.....................................................  30
   4.8   ADJUSTMENT TO ACTUAL CONTRIBUTION PERCENTAGE TESTS.......................................  34
   4.9   MAXIMUM ANNUAL ADDITIONS.................................................................  35
  4.10   ADJUSTMENT FOR EXCESSIVE ANNUAL ADDITIONS................................................  38
  4.11   TRANSFERS FROM QUALIFIED PLANS...........................................................  38

                                               ARTICLE V
                                               VALUATIONS

   5.1   VALUATION OF THE TRUST FUND..............................................................  40
   5.2   METHOD OF VALUATION......................................................................  40

                                               ARTICLE VI
                                 DETERMINATION AND DISTRIBUTION OF BENEFITS

   6.1   DETERMINATION OF BENEFITS UPON RETIREMENT................................................  40
   6.2   DETERMINATION OF BENEFITS UPON DEATH.....................................................  41
</TABLE>

                                       i
<PAGE>

<TABLE>
  <S>                                                                                               <C>
   6.3   DETERMINATION OF BENEFITS IN EVENT OF DISABILITY.........................................  42
   6.4   DETERMINATION OF BENEFITS UPON TERMINATION...............................................  42
   6.5   DISTRIBUTION OF BENEFITS.................................................................  44
   6.6   DISTRIBUTION OF BENEFITS UPON DEATH......................................................  46
   6.7   TIME OF SEGREGATION OR DISTRIBUTION......................................................  46
   6.8   DISTRIBUTION FOR MINOR BENEFICIARY.......................................................  47
   6.9   LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN...........................................  47
  6.10   PRE-RETIREMENT DISTRIBUTION..............................................................  47
  6.11   ADVANCE DISTRIBUTION FOR HARDSHIP........................................................  47
  6.12   QUALIFIED DOMESTIC RELATIONS ORDER DISTRIBUTION..........................................  49
  6.13   DIRECT ROLLOVER..........................................................................  49
  6.14   ELIMINATION OF LOOKBACK RULE.............................................................  50

                                               ARTICLE VII
                                   AMENDMENT, TERMINATION AND MERGERS

   7.1   AMENDMENT................................................................................  50
   7.2   TERMINATION..............................................................................  51
   7.3   MERGER OR CONSOLIDATION..................................................................  51

                                               ARTICLE VIII
                                                 TOP HEAVY

   8.1   TOP HEAVY PLAN REQUIREMENTS..............................................................  51
   8.2   DETERMINATION OF TOP HEAVY STATUS........................................................  51

                                               ARTICLE IX
                                              MISCELLANEOUS

   9.1   PARTICIPANT'S RIGHTS.....................................................................  55
   9.2   ALIENATION...............................................................................  55
   9.3   CONSTRUCTION OF PLAN.....................................................................  55
   9.4   GENDER AND NUMBER........................................................................  55
   9.5   LEGAL ACTION.............................................................................  56
   9.6   PROHIBITION AGAINST DIVERSION OF FUNDS...................................................  56
   9.7   BONDING..................................................................................  56
   9.8   EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE...............................................  56
   9.9   INSURER'S PROTECTIVE CLAUSE..............................................................  57
  9.10   RECEIPT AND RELEASE FOR PAYMENTS.........................................................  57
  9.11   ACTION BY THE EMPLOYER...................................................................  57
  9.12   NAMED FIDUCIARIES AND ALLOCATION OF RESPONSIBILITY.......................................  57
  9.13   HEADINGS.................................................................................  58
  9.14   APPROVAL BY INTERNAL REVENUE SERVICE.....................................................  58
  9.15   UNIFORMITY...............................................................................  58
</TABLE>

                                       ii
<PAGE>

                  HAVERTY FURNITURE COMPANIES, INC. THRIFT PLAN

         THIS PLAN, hereby adopted this _______ day of _________________, by
HAVERTY FURNITURE COMPANIES, INC., (herein referred to as the "Employer").

                                   WITNESSETH:

         WHEREAS, the Employer heretofore established a Profit Sharing Plan
effective January 1, 1985, (hereinafter called the "Effective Date") known as
Haverty Furniture Companies, Inc. Thrift Plan (herein referred to as the "Plan")
in recognition of the contribution made to its successful operation by its
employees and for the exclusive benefit of it eligible employees; and

         WHEREAS, under the terms of the Plan, the Employer has the ability to
amend the Plan, provided the Trustee joins in such amendment if the provisions
of the Plan afflicting the Trustee are amended; and

         WHEREAS, the Employer now wishes to amend and restate the Plan
primarily to comply with the provisions of the Uruguay Round Agreement Act, the
Uniformed Services Employment and Reemployment Rights Act, the Small Business
Job Protection Act of 1996, and the Taxpayer Relief Act of 1997, subsequent
legislation, and various regulations and rulings issued by government agencies
thereon (together "GUST"); and

         WHEREAS, this amendment and restatement is intended to reflect certain
provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001
("EGTRRA") and is intended as good faith compliance with the requirements of
EGTRRA and is to be construed in accordance with EGTRRA and guidance issued
thereunder;

         NOW, THEREFORE, effective January 1, 2001, except as otherwise
provided, the Employer in accordance with the provisions of the Plan pertaining
to amendments thereof, hereby amends the Plan in its entirety and restates the
Plan to provide as follows:

                                   ARTICLE I
                                   DEFINITIONS

         1.1      "Act" means the Employee Retirement Income Security Act of
1974, as may be amended from time to time.

         1.2      "Administrator" means the Employer unless another person or
entity has been designated by the Employer pursuant to Section 2.2 to administer
the Plan on behalf of the Employer.

         1.3      "Affiliated Employer" means any corporation which is a member
of a controlled group of corporations (as defined in Code Section 414(b)) which
includes the Employer; any trade or business (whether or not incorporated) which
is under common control (as defined in Code Section 414(c)) with the Employer;
any organization (whether or not incorporate) which is a member of an affiliated
service group (as defined in Code Section 414(m)) which includes the Employer;
and any other entity required to be aggregated with the Employer pursuant to
Regulations under Code Section 414(o).

                                       1
<PAGE>

         1.4      "Aggregate Account" means, with respect to each Participant,
the value of all accounts maintained on behalf of a Participant, whether
attributable to Employer or Employee contributions, subject to the provisions of
Section 8.2.

         1.5      "Anniversary Date" means December 3 1.

         1.6      "Beneficiary" means the person to whom the share of a deceased
Participant's total account is payable, subject to the restrictions of Sections
6.2 and 6.6.

         1.7      "Code" means the Internal Revenue Code of 1986, as amended or
replaced from time to time.

         1.8      "Compensation" with respect to any Participant means such
Participant's wages as defined in Code Section 3401(a) and all other payments of
compensation by the Employer (in the course of the Employer's trade or business)
for a Plan Year for which the Employer is required to furnish the Participant a
written statement under Code Sections 6041(d), 6051(a)(3) and 6052. Compensation
must be determined without regard to any rules under Code Section 3401(a) that
limit the remuneration included in wages based on the nature or location of the
employment or the services performed (such as the exception for agricultural
labor in Code Section 3401(a)(2)).

         For purposes of this Section, the determination of Compensation shall
be made by:

                  (a)      excluding (even if includible in gross income)
         reimbursements or other expense allowances, fringe benefits (cash or
         non-cash), moving expenses, deferred compensation, and welfare
         benefits.

                  (b)      including amounts which are contributed by the
         Employer pursuant to a salary reduction agreement and which are not
         includible in the gross income of the Participant under Code Sections
         125, 402(e)(3), 402(h)(1)(B), 403(b) or 457(b), and Employee
         contributions described in Code Section 414(h)(2) that are treated as
         Employer contributions.

         For a Participant's initial year of participation, Compensation shall
be recognized as of such Employee's effective date of participation pursuant to
Section 3.2.

         Compensation in excess of $170,000 shall be disregarded ($200,000 for
2002). Such amount shall be adjusted for increases in the cost of living in
accordance with Code Section 401(a)(17)(B), except that the dollar increase in
effect on January 1 of any calendar year shall be effective for the Plan Year
beginning with or within such calendar year. For any short Plan Year the
Compensation limit shall be an amount equal to the Compensation limit for the
calendar year in which the Plan Year begins multiplied by the ratio obtained by
dividing the number of full months in he short Plan Year by twelve (12).

         If, in connection with the adoption of this amendment and restatement,
the definition of Compensation has been modified, then, for Plan Years prior to
the Plan Year which includes the adoption date of this amendment and
restatement, "Compensation" means compensation determined pursuant to the Plan
then in effect.

                                       2
<PAGE>

         1.9      "Contract" or "Policy" means any life insurance policy,
retirement income or annuity policy or annuity contract (group or individual)
issued pursuant to the terms of the Plan.

         1.10     "Deferred Compensation" with respect to any Participant means
the amount of the Participant's total Compensation which has been contributed to
the Plan in accordance with the Participant's deferral election pursuant to
Section 4.2 excluding any such amounts distributed as excess "annual additions"
pursuant to Section 4.10(a).

         1.11     "Designated Investment Alternative" means a specific
investment identified by name by a Fiduciary as an available investment under
the Plan which may be acquired or disposed of by the Trustee pursuant to the
investment direction by a Participant.

         1.12     "Directed Investment Option" means one or more of the
following:

                  (a)      a Designated Investment Alternative.

                  (b)      any other investment permitted by the Plan and the
         Participant Direction Procedures and acquired or disposed of by the
         Trustee pursuant to the investment direction of a Participant.

         1.13     "Early Retirement Date" means the first day of the month
(prior to the Normal Retirement Date) coinciding with or following the date on
which a Participant or Former Participant attains age 55, and has completed at
least five (5) Years of Service with the Employer (Early Retirement Age). A
Participant shall become fully Vested upon satisfying this requirement if still
employed at his Early Retirement Age.

         A Former Participant who terminates employment after satisfying the
service requirement for Early Retirement and who thereafter reaches the age
requirement contained herein shall be entitled to receive his benefits under
this Plan.

         1.14     "Elective Contribution" means the Employer contributions to
the Plan of Deferred Compensation excluding any such amounts distributed as
excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer
Qualified Non-Elective Contribution made pursuant to Section 4.6(b) which is
used to satisfy the "Actual Deferral Percentage" tests shall be considered an
Elective Contribution for purposes of the Plan. Any contributions deemed to be
Elective Contributions (whether or not used to satisfy the "Actual Deferral
Percentage" tests) shall be subject to the requirements of Sections 4.2(b) and
4.2(c) and shall further be required to satisfy the nondiscrimination
requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are
specifically incorporated herein by reference.

         1.15     "Eligible Employee" means any Employee.

         Employees whose employment is governed by the terms of a collective
bargaining agreement between Employee representatives (within the meaning of
Code Section 7701(a)(46)) and the Employer under which retirement benefits were
the subject of good faith bargaining between the parties will not be eligible to
participate in this Plan unless such agreement expressly provides for coverage
in this Plan.

                                       3
<PAGE>

         Employees of Affiliated Employers shall not be eligible to participate
in this Plan unless such Affiliated Employers have specifically adopted this
Plan in writing.

         1.16     "Employee" means any person who is employed by the Employer or
affiliated Employer. Employee shall include Leased Employees within the meaning
of Code Sections 414(n)(2) and 414(o)(2) unless such Leased Employees are
covered by a plan described in Code Section 414(n)(5) and such Leased Employees
do not constitute more than 20% of the recipient's non-highly compensated work
force.

         1.17     "Employer" means HAVERTY FURNITURE COMPANIES, INC. and any
successor which shall maintain this Plan; and any predecessor which has
maintained this Plan. The Employer is a corporation, with principal offices in
the State of Georgia.

         1.18     "Excess Aggregate Contributions" means, with respect to any
Plan Year, the excess of the aggregate amount of the Employer matching
contributions made pursuant to Section 4.1(b)and any qualified non-elective
contributions or elective deferrals taken into account pursuant to Section
4.7(c) on behalf of Highly Compensated Participants for such plan Year, over the
maximum amount of such contributions permitted under the limitations of Section
4.7(a) (determined by reducing contributions made on behalf of Highly
Compensated Participants in order of the actual contribution ratios beginning
with the highest of such ratios).

         1.19     "Excess Contributions" means, with respect to a Plan Year, the
excess of Elective Contributions used to satisfy the "Actual Deferral
Percentage" tests made on behalf of Highly Compensated Participants for the Plan
Year over the maximum amount of such contributions permitted under Section
4.5(a) (determined by reducing contributions made on behalf of Highly
Compensated Participants in order of the actual deferral ratios beginning with
the highest of such ratios). Excess Contributions shall be treated as an "annual
addition" pursuant to Section 4.9(b).

         1.20     "Excess Deferred Compensation" means, with respect to any
taxable year of a Participant, the excess of the aggregate amount of such
Participant's Deferred Compensation and the elective deferrals pursuant to
Section 4.2(f) actually made on behalf of such Participant for such taxable
year, over the dollar limitation provided for in Code Section 402(g), which is
incorporated herein by reference. Excess Deferred Compensation shall be treated
as an "annual addition" pursuant to Section 4.9(b) when contributed to the Plan
unless distributed to the affected Participant not later than the first April
15th following the close of the Participant's taxable year. Additionally, for
purposes of Sections 8.2 and 4.4(f), Excess Deferred Compensation shall continue
to be treated as Employer contributions even if distributed pursuant to Section
4.2(f). However, Excess Deferred Compensation of Non-Highly Compensated
Participants is not taken into account for purposes of Section 4.5(a) to the
extent such Excess Deferred Compensation occurs pursuant to Section 4.2(d).

         1.21     "Fiduciary" means any person who (a) exercises any
discretionary authority or discretionary control respecting management of the
Plan or exercises any authority or control respecting management or disposition
of its assets, (b) renders investment advice for a fee or other compensation,
direct or indirect, with respect to any monies or other property of the Plan or
has any authority or responsibility to do so, or (c) has any discretionary
authority or discretionary

                                       4
<PAGE>

responsibility in the administration of the Plan, including, but not limited to,
the Trustee, the Employer and its representative body, and the Administrator.

         1.22     "Fiscal Year" means the Employer's accounting year of 12
months commencing on January of each year and ending the following December 31.

         1.23     "Forfeiture" means that portion of a Participant's Account
that is not Vested, and occurs on the last day of the Plan Year in which the
Participant incurs five (5) consecutive 1-Year Breaks in Service. In addition,
the term Forfeiture shall also include amounts deemed to be Forfeitures pursuant
to any other provision of this Plan.

         1.24     "Former Participant" means a person who has been a
Participant, but who has ceased to be a Participant for any reason.

         1.25     "415 Compensation" with respect to any Participant means such
Participant's wages as defined in Code Section 3401(a) and all other payments of
compensation by the Employer (in the course of the Employer's trade or business)
for a Plan Year for "which the Employer is required to furnish the Participant a
written statement under Code Sections 6041(d), 6051(a)(3) and 6052. "415
Compensation" must be determined without regard to any rules under Code Section
3401(a) that limit the remuneration included in wages based on the nature or
location of the employment or the services performed (such as the exception for
agricultural labor in Code Section 3401(a)(2)).

         For Plan Years beginning after December 31, 1997, for purposes of this
Section, the determination of "415 Compensation" shall include any elective
deferral (as defined in Code Section 402(g)(3)), and any amount which is
contributed or deferred by the Employer at the election of the Participant and
which is not includible in the gross income of the Participant by reason of Code
Sections 125 or 457.

         If, in connection with the adoption of this amendment and restatement,
the definition of "415 Compensation" has been modified, then, for Plan Years
prior to the Plan Year which includes the adoption date of this amendment and
restatement, "415 Compensation" means compensation determined pursuant to the
Plan then in effect.

         1.26     "414(s) Compensation" with respect to any Participant means
such Participant's "415 Compensation" paid during a Plan Year. The amount of
"414(s) Compensation" with respect to any Participant shall include "414(s)
Compensation" for the entire twelve month period ending on the last day of such
Plan Year, except that "414(s) Compensation" shall only be recognized for that
portion of the Plan Year during which an Employee was a Participant in the Plan.

         For purposes of this Section, the determination of "414(s)
Compensation" shall be made by including amounts which are contributed by the
Employer pursuant to 4 salary reduction agreement and which are not includible
in the gross income of the Participant under Code Sections 125, 402(e)(3),
402(h)(1)(B), 403(b) or 457(b), and Employee contributions described in Code
Section 414(h)(2) that are treated as Employer contributions.

                                       5
<PAGE>

         "414(s) Compensation" in excess of $150,000 shall be disregarded. Such
amount shall be adjusted for increases in the cost of living in accordance with
Code Section 401(a)(17), except that the dollar increase in effect on January 1
of any calendar year shall be effective for the Plan Year beginning with or
within such calendar year. For any short Plan Year the "414(s) Compensation"
limit shall be an amount equal to the "414(s) Compensation" limit for the
calendar year in which the Plan Year begins multiplied by the ratio obtained by
dividing the number of full months in the short Plan Year by twelve (12).

         If, in connection with the adoption of this amendment and restatement,
the definition of "414(s) Compensation" has been modified, then, for Plan Years
prior to the Plan Year which includes the adoption date of this amendment and
restatement, "414(s) Compensation" means compensation determined pursuant to the
Plan then in effect.

         1.27     "Highly Compensated Employee" means, for Plan Years beginning
after December 31, 1996, an Employee described in Code Section 414(q) and the
Regulations thereunder, and generally means an Employee who performed services
for the Employer during the "determination year" and is in one or more of the
following groups:

                  (a)      Employees who at any time during the "determination
         year" or "look-back year" were "five percent owners" as defined in
         Section 1.33(c).

                  (b)      Employees who received "415 Compensation" during the
         "look-back year" from the Employer in excess of $80,000 and were in the
         Top Paid Group of Employees for the Plan Year.

         The "determination year" shall be the Plan Year for which testing is
being performed, and the "look-back year" shall be the immediately preceding
twelvemonth period.

         Notwithstanding the above, for the first Plan Year beginning after
December 31, 1996, the "look-back year" shall be the calendar year ending with
or within the Plan Year for which testing is being performed, and the
"determination year" (if applicable) shall be the period of time, if any, which
extends beyond the "look-back year" and ends on the last day of the Plan Year
for which testing is being performed (the "lag period").

         For purposes of this Section, the determination of "415 Compensation"
shall be made by including amounts which are contributed by the Employer
pursuant to a salary reduction agreement and which are not includible in the
gross income of the Participant under Code Sections 125, 402(e)(3),
402(h)(1)(B), 403(b) or 457(b), and Employee contributions described in Code
Section 414(h)(2) that are treated as Employer contributions. Additionally, the
dollar threshold amount specified in (b) above shall be adjusted at such time
and in .he same manner as under Code Section 415(d), except that the base period
shall be the calendar quarter ending September 30, 1996. In the case of such an
adjustment, the dollar limit which shall be applied is the limit for the
calendar year in which the "look-back year" begins.

         In determining who is a Highly Compensated Employee, Employees who are
nonresident aliens and who received no earned income (within the meaning of Code
Section 911(d)(2)) from the Employer constituting United States source income
within the meaning of Code Section 861(a)(3) shall not be treated as Employees.
Additionally, all affiliated Employers shall be taken

                                       6
<PAGE>

into account as a single employer and Leased Employees within the meaning of
Code Sections 414(n)(2) and 414(o)(2) shall be considered Employees unless such
Leased Employees are covered by a plan described in Code Section 4l4(n)(5) and
are not covered in any qualified plan maintained by the Employer. The exclusion
of Leased Employees for this purpose shall be applied on a uniform and
consistent basis for all of the Employer's retirement plans. Highly Compensated
Former Employees shall be treated as Highly Compensated Employees without regard
to whether they performed services during the "determination year."

         1.28     "Highly Compensated Former Employee" means a former Employee
who had a separation year prior to the "determination year" and was a Highly
Compensated Employee in the year of separation from service or in any
"determination year" after attaining age 55. Notwithstanding the foregoing, an
Employee who separated from service prior to 1987 will be treated as a Highly
Compensated Former Employee only if during the separation year (or year
preceding the separation year) or any year after the Employee attains age 55 (or
the last year ending before the Employee's 55th birthday), the Employee either
received "415 Compensation" in excess of $50,000 or was a "five percent owner."
For purposes of this Section, "determination year," "415 Compensation" and "five
percent owner" shall be determined in accordance with Section 1.27. Highly
Compensated Former Employees shall be treated as Highly Compensated Employees.
The method set forth in this Section for determining who is a "Highly
Compensated Former Employee" shall be applied on a uniform and consistent basis
for all purposes for which the Code Section 414(q) definition is applicable.

         1.29     "Highly Compensated Participant" means any Highly Compensated
Employee who is eligible to participate in the Plan.

         1.30     "Hour of Service" means (1) each hour for which an Employee is
directly or indirectly compensated or entitled to compensation by the Employer
for the performance of duties (these hours will be credited to the Employee for
the computation period in which the duties are performed); (2) each hour for
which an Employee is directly or indirectly compensated or entitled to
compensation by the Employer (irrespective of whether the employment
relationship has terminated) for reasons other than performance of duties (such
as vacation, holidays, sickness, jury duty, disability, layoff, military duty or
leave of absence) during the applicable computation period (these hours will be
calculated and credited pursuant to Department of Labor regulation 2530.200b-2
which is incorporated herein by reference); (3) each hour for which back pay is
awarded or agreed to by the Employer without regard to mitigation of damages
(these hours will be credited to the Employee for the computation period or
periods to which the award or agreement pertains rather than the computation
period in which the award, agreement or payment is made). The same Hours of
Service shall not be credited both under (1) or (2), as the case may be, and
under (3).

         Notwithstanding the above, (i) no more than 501 Hours of Service are
required to be credited to an Employee on account of any single continuous
period during which the Employee performs no duties (whether or not such period
occurs in a single computation period); (ii) an hour for which an Employee is
directly or indirectly paid, or entitled to payment, on account of a period
during which no duties are performed is not required to be credited to the
Employee if such payment is made or due under a plan maintained solely for the
purpose of complying with applicable worker's compensation, or unemployment
compensation or disability insurance laws;

                                       7
<PAGE>

and (iii) Hours of Service are not required to be credited for a payment which
solely reimburses an Employee for medical or medically related expenses incurred
by the Employee.

         For purposes of this Section, a payment shall be deemed to be made by
or due from the Employer regardless of whether such payment is made by or due
from the Employer directly, or indirectly through, among others, a trust fund,
or insurer, to which the Employer contributes or pays premiums and regardless of
whether contributions made or due to the trust fund, insurer, or other entity
are for the benefit of particular Employees or are on behalf of a group of
Employees in the aggregate.

         Notwithstanding the foregoing, a Participant shall be credited with 190
Hours of Service for each month in which an Employee is paid or entitled to
payment for at least one Hour of Service.

         For purposes of this Section, Hours of Service will be credited for
employment with other Affiliated Employers. The provisions of Department of
Labor regulations 2530.200b-2(b) and (c) are incorporated herein by reference.

         1.31     "Income" means the income or losses allocable to Excess
Deferred Compensation, Excess Contributions or Excess Aggregate Contributions
which amount shall be allocated in the same manner as income or losses are
allocated pursuant to Section 4.4(e).

         1.32     "Investment Manager" means an entity that (a) has the power to
manage, acquire, or dispose of Plan assets and (b) acknowledges fiduciary
responsibility to the Plan in writing. Such entity must be a person, firm, or
corporation registered as an investment adviser under the Investment Advisers
Act of 1940, a bank, or an insurance company.

         1.33     "Key Employee" means an Employee as defined in Code Section
416(i) and the Regulations thereunder. Generally, any Employee or former
Employee (as well as each of his Beneficiaries) is considered a Key Employee if
he, at any time during the Plan Year that contains the "Determination Date" or
any of the preceding four (4) Plan Years, has been included in one of the
following categories:

                  (a)      an officer of the Employer (as that term is defined
         within the meaning of the Regulations under Code Section 4l6) having
         "415 Compensation" greater than 50 percent of the amount in effect
         under Code Section 415(b)(1)(A) for any such Plan Year.

                  (b)      one of the ten employees having annual "415
         Compensation" from the Employer for a Plan Year greater than the dollar
         limitation in effect under Code Section 415(c)(1)(A) for the calendar
         year in which such Plan Year ends and owning (or considered as owning
         within the meaning of Code Section 318) both more than one-half percent
         interest and the largest interests in the Employer.

                  (c)      "five percent owner" of the Employer. "Five percent
         owner" means any person who owns (or is considered as owning within the
         meaning of Code Section 318) more than five percent (5%) of the
         outstanding stock of the Employer or stock possessing more than five
         percent (5%) of the total combined voting power of all stock of the
         Employer or, in the case of an unincorporated business, any person who
         owns more

                                       8
<PAGE>

         than five percent (5%) of the capital or profits interest in the
         Employer. In determining percentage ownership hereunder, employers that
         would otherwise be aggregated under Code Sections 41,1(b), (c), (m)and
         (o) shall be treated as separate employers.

                  (d)      a "one percent owner" of the Employer having an
         annual "415 Compensation" from the Employer of more than $150,000. "One
         percent owner" means any person who owns (or is considered as owning
         within the meaning of Code Section 318) more than one percent (1%) of
         the outstanding stock of the Employer or stock possessing more than one
         percent (1%) of the total combined voting power of all stock of the
         Employer or, in the case of an unincorporated business, any person who
         owns more than one percent (1%) of the capital or profits interest in
         the Employer. In determining percentage ownership hereunder, employers
         that would otherwise be aggregated under Code Sections 414(b), (c), (m)
         and (o) shall be treated as separate employers. However, in determining
         whether an individual has "415 Compensation" of more than $150,000,
         "415 Compensation" from each employer required to be aggregated under
         Code Sections 414(b), (c), (m) and (o) shall be taken into account.
         Effective January 1, 2002, "Key Employee" shall mean any Employee or
         former Employee (including any deceased Employee) who at any time
         during the Plan Year that includes the Determination Date was an
         officer of the Employer having annual compensation greater than
         $130,000 (as adjusted under Section 416(i)(1) of the Code for Plan
         Years beginning after December 31, 2002), a 5-percent owner of the
         Employer, or a 1-percent owner of the Employer having annual
         compensation of more than $150,000. For this purpose, annual
         compensation means compensation within the meaning of Section 415(c)(3)
         of the Code. The determination of who is a Key Employee will be made in
         accordance with Section 416(i)(1) of the Code and the applicable
         regulations and other guidance of general applicability issued
         thereunder.

         For purposes of this Section, the determination of "415 Compensation"
shall be made by including amounts which are contributed by the Employer
pursuant to a salary reduction agreement and which are not includible in the
gross income of the Participant under Code Sections 125, 402(e)(3),
402(h)(1)(B), 403(b) or 457(b), and Employee contributions described in Code
Section 414(h)(2) that are treated as Employer contributions.

         1.34     "Late Retirement Date" means the first day of the month
coinciding with or next following a Participant's actual Retirement Date after
having reached his Normal Retirement Date.

         1.35     "Leased Employee" means, for Plan Years beginning after
December 31, 1996, any person (other than an Employee of the recipient) who
pursuant to an agreement between the recipient and any other person ("leasing
organization") has performed services for the recipient (or for the recipient
and related persons determined in accordance with Code Section 414(n)(6)) on a
substantially full time basis for a period of at least one year, and such
services are performed under primary direction or control by the recipient
employer. Contributions or benefits provided a Leased Employee by the leasing
organization which are attributable to services performed for the recipient
employer shall be treated as provided by the recipient employer. A Leased
Employee shall not be considered an Employee of the recipient:

                                       9
<PAGE>

                  (a)      if such employee is covered by a money purchase
         pension plan providing:

                  (1)      a non-integrated employer contribution rate of at
                  least 10% of compensation, as defined in Code Section
                  415(c)(3), but including amounts which are contributed by the
                  Employer pursuant to a salary reduction agreement and which
                  are not includible in the gross income of the Participant
                  under Code Sections 125, 402(e)(3), 402(h)(1)(B), 403(b) or
                  457(b), and Employee contributions described in Code Section
                  414(h)(2) that are treated as Employer contributions.

                  (2)      immediate participation; and

                  (3)      full and immediate vesting; and

                  (b)      if Leased Employees do not constitute more than 20%
         of the recipient's non-highly compensated work force.

         1.36     "Non-Elective Contribution" means the Employer contributions
to the Plan excluding, however, contributions made pursuant to the Participant's
deferral election provided for in Section 4.2 and any Qualified Non-Elective
Contribution used in the "Actual Deferral Percentage" tests.

         1.37     "Non-Highly Compensated Participant" means any Participant who
is not a Highly Compensated Employee. However, for the Plan Year prior to the
first Plan Year of this amendment and restatement, for the purposes of Section
4.5(a) and Section 4.6, if the prior year testing method is used, a Non-Highly
Compensated Participant shall be determined using the definition of highly
compensated employee in effect for the preceding Plan Year.

         1.38     "Non-Key Employee" means any Employee or former Employee (and
his Beneficiaries) who is not a Key Employee.

         1.39     "Normal Retirement Age" means the later of the Participant's
65 birthday and the completion of five (5) Years of Service with the Employer. A
Participant shall become fully Vested in his Participant's Account upon
attaining his Normal Retirement Age.

         Notwithstanding the foregoing, with respect to Participants who first
commenced participation prior to the first day of the Plan Year beginning after
December 31, 1987, Normal Retirement Age shall not be earlier than the earlier
of (a) the 5th anniversary of joining the Plan, or (b) the 5th anniversary of
the first day of the Plan Year beginning after December 31, 1987.

         1.40     "Normal Retirement Date" means the first day of the month
coinciding with or next following the Participant's Normal Retirement Age.

         1.41     "1-Year Break in Service" means the applicable computation
period during which an Employee has not completed more than 500 Hours of Service
with the Employer. Further, solely for the purpose of determining whether a
Participant has incurred a 1-Year Break in Service, Hours of Service shall be
recognized for "authorized leaves of absence" and

                                       10
<PAGE>

"maternity and paternity leaves of absence." Years of Service and 1-Year Breaks
in Service shall be measured on the same computation period.

         "Authorized leave of absence" means an unpaid, temporary cessation from
active employment with the Employer pursuant to an established nondiscriminatory
policy, whether occasioned by illness, military service, or any other reason.

         A "maternity or paternity leave of absence" means, for Plan Years
beginning after December 31, 1984, an absence from work for any period by reason
of the Employee's pregnancy, birth of the Employee's child, placement of a child
with the Employee in connection with the adoption of such child, or any absence
for the purpose of caring for such child for a period immediately following such
birth or placement. For this purpose, Hours of Service shall be credited for the
computation period in which the absence from work begins, only if credit
therefore is necessary to prevent the Employee from incurring a 1-Year Break in
Service, or, in any other case, in the immediately following computation period.
The Hours of Service credited for a "maternity or paternity leave of absence"
shall be those which would normally have been credited but for such absence, or,
in any case in which the Administrator is unable to determine such hours
normally credited, eight (8) Hours of Service per day. The total Hours of
Service required to be credited for a "maternity or paternity leave of absence"
shall not exceed 501.

         1.42     "Participant" means any Eligible Employee who participates in
the Plan and has not for any reason become ineligible to participate further in
the Plan.

         1.43     "Participant Direction Procedures" means such instructions,
guidelines or policies, the terms of which are incorporated herein, as shall be
established pursuant to Section 4.12 and observed by the Administrator and
applied and provided to Participants who have Participant Directed Accounts.

         1.44     "Participant's Account" means the account established and
maintained by the Administrator for each Participant with respect to his total
interest in the Plan and Trust resulting from the Employer Non-Elective
Contributions.

         A separate accounting shall be maintained with respect to that portion
of the Participant's Account attributable to Employer matching contributions
made pursuant to Section 4.1(b), Employer discretionary contributions made
pursuant to Section 4.1(c) and any Employer Qualified Non-Elective
Contributions.

         1.45     "Participant's Combined Account" means the total aggregate
amount of each Participant's Elective Account and Participant's Account.

         1.46     "Participant's Directed Account" means that portion of a
Participant's interest in the Plan with respect to which the Participant has
directed the investment in accordance with the Participant Direction Procedure.

         1.47     "Participant's Elective Account" means the account established
and maintained by the Administrator for each Participant with respect to his
total interest in the Plan and Trust resulting from the Employer Elective
Contributions used to satisfy the "Actual Deferral Percentage" tests. A separate
accounting shall be maintained with respect to that

                                       11
<PAGE>

portion of the Participant's Elective Account attributable to such Elective
Contributions pursuant to Section 4.2 and any Employer Qualified Non-Elective
Contributions.

         1.48     "Plan" means this instrument, including all amendments
thereto.

         1.49     "Plan Year" means the Plan's accounting year of twelve (12)
months commencing on January 1 of each year and ending the following December
31.

         1.50     "Qualified Non-Elective Contribution" means any Employer
contributions made pursuant to Section 4.6(b) and Section 4.8(f). Such
contributions shall be considered an Elective Contribution for the purposes of
the Plan and used to satisfy the "Actual Deferral Percentage" tests or the
"Actual Contribution Percentage" tests.

         1.51     "Regulation" means the Income Tax Regulations as promulgated
by the Secretary of the Treasury or his delegate, and as amended from time to
time.

         1.52     "Retired Participant" means a person who has been a
Participant, but who has become entitled to retirement benefits under the Plan.

         1.53     "Retirement Date" means the date as of which a Participant
retires for reasons other than Total and Permanent Disability, whether such
retirement occurs on a Participant's Normal Retirement Date, Early or Late
Retirement Date (see Section 6. 1).

         1.54     "Super Top Heavy Plan" means a plan described in Section
8.2(b).

         1.55     "Terminated Participant" means a person who has been a
Participant, but whose employment has been terminated other than by death, Total
and Permanent Disability or retirement.

         1.56     "Top Heavy Plan" means a plan described in Section 8.2(a).

         1.57     "Top Heavy Plan Year" means a Plan Year during which the Plan
is a Top Heavy Plan.

         1.58     "Top Paid Group" means the top 20 percent of Employees who
performed services for the Employer during the applicable year, ranked according
to the amount of "415 Compensation" (determined for this purpose in accordance
with Section 1.27) received from the Employer during such year. All Affiliated
Employers shall be taken into account as a single employer, and Leased Employees
within the meaning of Code Sections 414(n)(2) and 414(o)(2) shall be considered
Employees unless such Leased Employees are covered by a plan described in Code
Section 414(n)(5) and are not covered in any qualified plan maintained by the
Employer. Employees who are nonresident aliens and who received no earned income
(within the meaning of Code Section 911(d)(2)) from the Employer constituting
United States source income within the meaning of Code Section 861(a)(3) shall
not be treated as Employees. Additionally, for the purpose of determining the
number of active Employees in any year, the following additional Employees shall
also be excluded; however, such Employees shall still be considered for the
purpose of identifying the particular Employees in the Top Paid Group:

                                       12
<PAGE>

                  (a)      Employees with less than six (6) months of service;

                  (b)      Employees who normally work less than 17 1/2 hours
         per week;

                  (c)      Employees who normally work less than six (6) months
         during a year; and

                  (d)      Employees who have not yet attained age 21.

         In addition, if 90 percent or more of the Employees of the Employer
are, covered under agreements the Secretary of Labor finds to be collective
bargaining agreements between Employee representatives and the Employer, and the
Plan covers only Employees who are not covered under such agreements, then
Employees covered by such agreements shall be excluded from both the total
number of active Employees as well as from the identification of particular
Employees in the Top Paid Group.

         The foregoing exclusions set forth in this Section shall be applied on
a uniform and consistent basis for all purposes for which the Code Section
414(q) definition is applicable.

         1.59     "Total and Permanent Disability" means a physical or mental
condition of a Participant resulting from bodily injury, disease, or mental
disorder which renders him incapable of continuing any gainful occupation and
which condition constitutes total disability under the federal Social Security
Acts.

         1.60     "Trustee" means the person or entity named as trustee herein
or in any separate trust forming a part of this Plan, and any successors.

         1.61     "Trust Fund" means the assets of the Plan and Trust as the
same shall exist from time to time.

         1.62     "USERRA" means the Uniformed Services Employment and
Reemployment Rights Act of 1994. Notwithstanding any provision of this Plan to
the contrary, effective December 12, 1994, contributions, benefits and service
credit with respect to qualified military service will be provided in accordance
with Code Section 414(u).

         1.63     "Valuation Date" means the Anniversary Date and such other
date or dates deemed necessary by the Administrator. The Valuation Date may
include any day during the Plan Year that the Trustee, any transfer agent
appointed by the Trustee or the Employer and any stock exchange used by such
agent are open for business.

         1.64     "Vested" means the non-forfeitable portion of any account
maintained on behalf of a Participant.

         1.65     "Year of Service" means the computation period of twelve (12)
consecutive months, herein set forth, during which an Employee has at least 1000
Hours of Service.

         For vesting purposes, the computation periods shall be the Plan Year,
including periods prior to the Effective Date of the Plan.

                                       13
<PAGE>

         The computation period shall be the Plan Year if not otherwise set
forth herein.

         Notwithstanding the foregoing, for any short Plan Year, the
determination of whether an Employee has completed a Year of Service shall be
made in accordance with Department of Labor regulation 2530.203-2(c).

         Years of Service with any Affiliated Employer shall be recognized.

                                   ARTICLE II
                                 ADMINISTRATION

         2.1      POWERS AND RESPONSIBILITIES OF THE EMPLOYER

                  (a)      In addition to the general powers and
         responsibilities otherwise provided for in this Plan, the Employer
         shall be empowered to appoint and remove the Trustee and the
         Administrator from time to time as it deems necessary for the proper
         administration of the Plan to ensure that the Plan is being operated
         for the exclusive benefit of the Participants and their Beneficiaries
         in accordance with the terms of the Plan, the Code, and the Act. The
         Employer may appoint counsel, specialists, advisers, agents (including
         any non-fiduciary agent) and other persons as the Employer deems
         necessary or desirable in connection with the exercise of its fiduciary
         duties under this Plan. The Employer may compensate such agents or
         advisers from the assets of the Plan as fiduciary expense, (but not
         including any business (settlor) expenses of the Employer), to the
         extent not paid by the Employer.

                  (b)      The Employer may, by written agreement or
         designation, appoint at its option an Investment Manager (qualified
         under the Investment Company Act of 1940 as amended), investment
         adviser, or other agent to provide direction to the Trustee with
         respect to any or all of the Plan assets. Such appointment shall be
         given by the Employer in writing in a form acceptable to the Trustee
         and shall specifically identify the Plan assets with respect to which
         the Investment Manager or other agent shall have authority to direct
         the investment.

                  (c)      The Employer shall establish a "funding policy and
         method," i.e., it shall determine whether the Plan has a short run need
         for liquidity (e.g., to pay benefits) or whether liquidity is a long
         run goal and investment growth (and stability of same) is a more
         current need, or shall appoint a qualified person to do so. The
         Employer or its delegate shall communicate such needs and goals to the
         Trustee, who shall coordinate such Plan needs with its investment
         policy. The communication of such a "funding policy and method" shall
         not, however, constitute a directive to the Trustee as to investment of
         the Trust Funds. Such "funding policy and method" shall be consistent
         with the objectives of this Plan and with the requirements of Title I
         of the Act.

                  (d)      The Employer shall periodically review the
         performance of any Fiduciary or other person to whom duties have been
         delegated or allocated by it under the provisions of this Plan or
         pursuant to procedures established hereunder. This requirement may be
         satisfied by formal periodic review by the Employer or by a qualified
         person

                                       14
<PAGE>

         specifically designated by the Employer, through day-to-day conduct and
         evaluation, or through other appropriate ways.

         2.2      DESIGNATION OF ADMINISTRATIVE AUTHORITY

          The Board of Directors of the Employer shall appoint as Administrator
a Compensation and Employee Benefits Committee. This Committee, consisting of at
least three (3) people, may individually resign their appointments by delivering
written resignation to the Employer or be removed by the Employer by delivery of
written notice of removal, to take effect at a date specified therein, or upon
delivery to the Administrator if no date is specified.

         The Employer, upon the resignation or removal of an Administrator,
shall promptly designate a successor to this position. If the Employer does not
appoint an Administrator, the Employer will function as the Administrator.

         2.3      POWERS AND DUTIES OF THE ADMINISTRATOR

         The primary responsibility of the Administrator is to administer the
Plan for the exclusive benefit of the Participants and their Beneficiaries,
subject to the specific terms of the Plan. The Administrator shall administer
the Plan in accordance with its terms and shall have the power and discretion to
construe the terms of the Plan and to determine all questions arising in
connection with the administration, interpretation, and application of the Plan.
Any such determination by the Administrator shall be conclusive and binding upon
all persons. The Administrator may establish procedures, correct any defect,
supply any information, or reconcile any inconsistency in such manner and to
such extent as shall be deemed necessary or advisable to carry out the purpose
of the Plan; provided, however, that any procedure, discretionary act,
interpretation or construction shall be done in a nondiscriminatory manner based
upon uniform principles consistently applied and shall be consistent with the
intent that the Plan shall continue to be deemed a qualified plan under the
terms of Code Section 401 (a), and shall comply with the terms of the Act and
all regulations issued pursuant thereto. The Administrator shall have all powers
necessary or appropriate to accomplish his duties under this Plan.

         The Administrator shall be charged with the duties of the general
administration of the Plan, including, but not limited to, the following:

                  (a)      the discretion to determine all questions relating to
         the eligibility of Employees to participate or remain a Participant
         hereunder and to receive benefits under the Plan;

                  (b)      to compute, certify, and direct the Trustee with
         respect to the amount and the kind of benefits to which any Participant
         shall be entitled hereunder;

                  (c)      to authorize and direct the Trustee with respect to
         all non-discretionary or otherwise directed disbursements from the
         Trust;

                  (d)      to maintain all necessary records for the
         administration of the Plan;

                                       15
<PAGE>

                  (e)      to interpret the provisions of the Plan and to make
         and publish such rules for regulation of the Plan as are consistent
         with the terms hereof,

                  (f)      to determine the size and type of any Contract to be
         purchased from any insurer, and to designate the insurer from which
         such Contract shall be purchased;

                  (g)      to compute and certify to the Employer and to the
         Trustee from time to time the sums of money necessary or desirable to
         be contributed to the Plan;

                  (h)      to consult with the Employer and the Trustee
         regarding the short and long-term liquidity needs of the Plan in order
         that the Trustee car, exercise any investment discretion in a manner
         designed to accomplish specific objectives;

                  (i)      to prepare and implement a procedure to notify
         Eligible Employees that they may elect to have a portion of their
         Compensation deferred or paid to them in cash;

                  (j)      to act as the named Fiduciary responsible for
         communications with Participants as needed to maintain Plan compliance
         with ERISA Section 404(c), including but not limited to the receipt and
         transmitting of Participant's directions as to the investment of their
         account(s) under the Plan and the formulation of policies, rules, and
         procedures pursuant to which Participants may give investment
         instructions with respect to the investment of their accounts;

                  (k)      to assist any Participant regarding his rights,
         benefits, or elections available under the Plan.

         2.4      RECORDS AND REPORTS

         The Administrator shall keep a record of all actions taken and shall
keep all other books of account, records, policies, and other data that may be
necessary for proper administration of the Plan and shall be responsible for
supplying all information and reports to the Internal Revenue Service,
Department of Labor, Participants, Beneficiaries and others as required by law.

         2.5      APPOINTMENT OF ADVISERS

         The Administrator, or the Trustee with the consent of the
Administrator, may appoint counsel, specialists, advisers, agents (including
nonfiduciary agents) and other persons as the Administrator or the Trustee deems
necessary or desirable in connection with the administration of this Plan,
including but not limited to agents and advisers to assist with the
administration and management of the Plan, and thereby to provide, among such
other duties as the Administrator may appoint, assistance with maintaining Plan
records and the providing of investment information to the Plan's investment
fiduciaries and to Plan Participants.

         2.6      PAYMENT OF EXPENSES

         All expenses of administration may be paid out of the Trust Fund unless
paid by the Employer. Such expenses shall include any expenses incident to the
functioning of the

                                       16
<PAGE>

Administrator, or any person or persons retained or appointed by any Named
Fiduciary incident to the exercise of their duties under the Plan, including,
but not limited to, fees of accountants, counsel, Investment Managers, agents
(including nonfiduciary agents) appointed for that purpose of assisting the
Administrator or the Trustee in carrying out the instructions of Participants as
to the directed investment of their accounts and other specialists and their
agents, and other costs of administering the Plan. Until paid, the expenses
shall constitute a liability of the Trust Fund.

         2.7      CLAIMS PROCEDURE

         Claims for benefits under the Plan may be filed in writing with the
Administrator. Written notice of the disposition of a claim shall be furnished
to the claimant within 90 days after the application is filed. In the event the
claim is denied, the reasons for the denial shall be specifically set forth in
the notice in language calculated to be understood by the claimant, pertinent
provisions of the Plan shall be cited, and, where appropriate, an explanation
its to how the claimant can perfect the claim will be provided. In addition, the
claimant shall be furnished with an explanation of the Plan's claims review
procedure.

         2.8      CLAIMS REVIEW PROCEDURE

         Any Employee, former Employee, or Beneficiary of either, who has beer
denied a benefit by a decision of the Administrator pursuant to Section 2.7
shall be entitled to request the Administrator to give further consideration to
his claim by filing with the Administrator (on a form which may be obtained from
the Administrator) a request for a hearing. Such request, together with a
written statement of the reasons why the claimant believes his claim should be
allowed, shall be filed with the Administrator no later than 60 days after
receipt of the written notification provided for in Section 2.7. The
Administrator shall then conduct a hearing within the next 60 days, at which the
claimant may be represented by an attorney or any other representative of his
choosing and at which the claimant shall have an opportunity to submit written
and oral evidence and arguments in support of his claim. At the hearing or prior
thereto upon 5 business days written notice to the Administrator) the claimant
or his represents live shall have an opportunity to review all documents in the
possession of the Administrator which are pertinent to the claim at issue and
its disallowance. Either the claimant or the Administrator may cause a court
reporter to attend the hearing and record the proceedings. In such event, a
complete written transcript of the proceedings shall be furnished to both
parties by the court reporter. The full expense of any such court reporter and
such transcripts shall be borne by the parts, causing the court reporter to
attend the hearing. A final decision as to the allowance of the claim shall be
made by the Administrator within 60 days of receipt of the appeal (unless there
has been an extension of 60 days due to special circumstances, provided the
delay and the special circumstances occasioning it are communicated to the
claimant within the 60 day period). Such communication shall be written in a
manner calculated to be understood by the claimant and shall include specific
reasons for the decision and specific references to the pertinent Plan
provisions on which the decision is based.

                                       17
<PAGE>

                                  ARTICLE III
                                   ELIGIBILITY

         3.1      CONDITIONS OF ELIGIBILITY

         Any Eligible Employee who has completed 2 months of service and has
attained age 21 shall be eligible to participate hereunder as of the date he has
satisfied such requirements. However, any Employee who was a Participant in the
Plan prior to the effective date of this amendment and restatement shall
continue to participate in the Plan.

         For purposes of this Section, an Eligible Employee will be deemed to
have completed 2 months of service if he is in the employ of the Employer at any
time 2 months after his employment commencement date. Employment commencement
date shall be the first day that he is entitled to be credited with an Hour of
Service for the performance of duty.

         3.2      EFFECTIVE DATE OF PARTICIPATION

         An Eligible Employee shall become a Participant as soon as
administratively feasible upon satisfying the Eligibility requirements of
Section 3.1, provided said Employee was still employed as of such date (or if
not employed on such date, as of the date of rehire if a 1-Year Break in Service
has not occurred).

         In the event an Employee who is not a member of an eligible class of
Employees becomes a member of an eligible class, such Employee will participate
immediately if such Employee has satisfied the minimum age and service
requirements and would have Otherwise previously become a Participant.

         3.3      DETERMINATION OF ELIGIBILITY

         The Administrator shall determine the eligibility of each Employee for
participation in the Plan based upon information furnished by the Employer. Such
determination shall be conclusive and binding upon all persons, as long as the
same is made pursuant to the Plan and the Act. Such determination shall be
subject to review per Section 2.8.

         3.4      TERMINATION OF ELIGIBILITY

                  (a)      In the event a Participant shall go from a
         classification of an Eligible Employee to an ineligible Employee, such
         Former Participant shall continue to vest in his interest in the Plan
         for each Year of Service completed while a non-eligible Employee, until
         such time as his Participant's Account shall be forfeited or
         distributed pursuant to the terms of the Plan. Additionally, his
         interest in the Plan shall continue to share in the earnings of the
         Trust Fund.

                  (b)      In the event a Participant is no longer a member of
         an eligible class of Employees and becomes ineligible to participate,
         such Employee will participate immediately upon returning to an
         eligible class of Employees.

                                       18
<PAGE>

         3.5      OMISSION OF ELIGIBLE EMPLOYEE

         If, in any Plan Year, any Employee who should be included as a
Participant in the Plan is erroneously omitted and discovery of such omission is
not made until after a contribution by his Employer for the year has been made,
the Employer shall make a subsequent contribution with respect to the omitted
Employee in the amount which the said Employer would have contributed with
respect to him had he not been omitted. Such contribution shall be made
regardless of whether or not it is deductible in whole or in part in any taxable
year under applicable provisions of the Code.

         3.6      INCLUSION OF INELIGIBLE EMPLOYEE

         If, in any Plan Year, any person who should not have been included as a
Participant in the Plan is erroneously included and discovery of such incorrect
inclusion is not made until after a contribution for the year has been made, the
Employer shall not be entitled to recover the contribution made with respect to
the ineligible person regardless of whether or not a deduction is allowable with
respect to such contribution. In such event, the amount contributed with respect
to the ineligible person shall constitute a Forfeiture (except for Deferred
Compensation which shall be distributed to the ineligible person) for the Plan
Year in which the discovery is made.

         3.7      ELECTION NOT TO PARTICIPATE

         An Employee may, subject to the approval of the Employer, elect
voluntarily not to participate in the Plan. The election not to participate must
be communicated to the Employer, in a form prescribed by the Employer, and will
be effective as soon as administratively feasible.

                                   ARTICLE IV
                           CONTRIBUTION AND ALLOCATION

         4.1      FORMULA FOR DETERMINING EMPLOYER CONTRIBUTION

         For each Plan Year, the Employer shall contribute to the Plan:

                  (a)      The amount of the total salary reduction election of
         all Participants made pursuant to Section 4.2(a), which amount shall be
         deemed an Employer Elective Contribution.

                  (b)      On behalf of each Participant who is eligible to
         share in matching contributions for the Plan Year, a discretionary
         matching contribution equal to a uniform percentage of each such
         Participant's Deferred Compensation, The exact percentage, if any, to
         be determined each year by the Employer, which amount, if any, shall be
         deemed an Employer Non-Elective Contribution.

         Except, however, in applying the matching percentage specified above,
         only salary reductions up to 6% of payroll period Compensation shall be
         considered.

                                       19
<PAGE>

                  (c)      A discretionary amount, which amount, if any, shall
         be deemed an Employer Non-Elective Contribution.

                  (d)      Additionally, to the extent necessary, the Employer
         shall contribute to the Plan the amount necessary to provide the top
         heavy minimum contribution. All contributions by the Employer shall be
         made in cash.

         4.2      PARTICIPANT'S SALARY REDUCTION ELECTION

                  (a)      Each Participant may elect to defer from 1% to 16% of
         his Compensation which would have been received in the Plan Year, but
         for the deferral election. Effective January 2002, a Participant may
         elect to defer from 1% to 100% of his Compensation which would have
         been received in the Plan Year, but for the deferred election. A
         deferral election (or modification of an earlier election) may not be
         made with respect to Compensation which is currently available on or
         before the date the Participant executed such election. For purposes of
         this Section, Compensation shall be determined prior to any reductions
         made pursuant to Code Sections 125, 402(e)(3), 402(h)(1)(B), 403(b) or
         457(b), and Employee contributions described in Code Section 414(h)(2)
         that are treated as Employer contributions.

         Notwithstanding the above, effective April 1, 2001, a Participant's
         Compensation shall automatically be reduced by 2%, which amount shall
         be deemed to be the Participant's salary reduction election if the
         Participant does not elect to defer a portion of his Compensation or
         elect to receive cash in lieu of making a salary deferral election.

         The amount by which Compensation is reduced shall be that Participant's
Deferred Compensation and be treated as an Employer Elective Contribution and
allocated to that Participant's Elective Account.

                  (b)      The balance in each Participant's Elective Account
         shall be fully Vested at all times and shall not be subject to
         Forfeiture for any reason.

                  (c)      Notwithstanding anything in the Plan to the contrary,
         amounts held in the Participant's Elective Account may not be
         distributable earlier than:

                  (1)               a Participant's separation from service,
                  Total and Permanent Disability, or death;

                  (2)               a Participant's attainment of age 70 1/2;

                  (3)               the termination of the Plan without the
                  establishment or existence of a "successor plan," as that term
                  is described in Regulation 1.401(k)-1(d)(3);

                  (4)               the date of disposition by the Employer to
                  an entity that is not an Affiliated Employer of substantially
                  all of the assets (within the meaning of Code Section
                  409(d)(2)) used in a trade or business of such corporation if
                  such

                                       20
<PAGE>

                  corporation continues to maintain this Plan after the
                  disposition with respect to a Participant who continues
                  employment with the corporation acquiring such assets;

                  (5)               the date of disposition by the Employer or
                  an Affiliated Employer who maintains the Plan of its interest
                  in a subsidiary (within the meaning of Code Section 409(d)(3))
                  to an entity which is not an affiliated Employer but only with
                  respect to a Participant who continues employment with such
                  subsidiary; or

                  (6)               the proven financial hardship of a
                  Participant, subject to the limitations of Section 6.11.

                  (d)      For each Plan Year, a Participant's Deferred
         Compensation made under this Plan and all other plans, contracts or
         arrangements of the Employer maintaining this Plan shall not exceed,
         during any taxable year of the Participant, the limitation imposed by
         Code Section 402(g), as in effect at the beginning of such taxable
         year. If such dollar limitation is exceeded, a Participant will be
         deemed to have notified the Administrator of such excess amount which
         shall be distributed in a manner consistent with Section 4.2(f). The
         dollar limitation shall be adjusted annually pursuant to the method
         provided in Code Section 415(d) in accordance with Regulations.

                  (e)      In the event a Participant has received a hardship
         distribution from his Participant's Elective Account pursuant to
         Section 6.11(b) or pursuant to Regulation 1.401(k)-1(d)(2)(iv)(B) from
         any other plan maintained by the Employer, then such Participant shall
         not be permitted to elect to have Deferred Compensation contributed to
         the Plan on his behalf for a period. of twelve (12) months (six (6)
         months effective January 1, 2002) following the receipt of the
         distribution. Furthermore, the dollar limitation under Code Section
         402(g) shall be reduced, with respect to the Participant's taxable year
         following the taxable year in which the hardship distribution was made,
         by the amount of such Participant's Deferred Compensation, if any,
         pursuant to this Plan (and any other plan maintained by the Employer)
         for the taxable year of the hardship distribution.

                  (f)      If a Participant's Deferred Compensation under this
         Plan together with any elective deferrals (as defined in Regulation
         1.402(g)-1 (b)) under another qualified cash or deferred arrangement
         (as defined in Code Section 401(k)), a simplified employee pension (as
         defined in Code Section 408(k)), a salary reduction arrangement (within
         the meaning of Code Section 3121(a)(5)(D)), a deferred compensation
         plan under Code Section 457(b), or a trust described in Code Section
         501(c)(18) cumulatively exceed the limitation imposed by Code Section
         402(g) (as adjusted annually in accordance with the method provided in
         Code Section 415(d) pursuant to Regulations) for such Participant's
         taxable year, the Participant may, not later than March 1 following the
         close of the Participant's taxable year, notify the Administrator in
         writing of such excess and request that his Deferred Compensation under
         this Plan be reduced by an amount specified by the Participant. In such
         event, the Administrator may direct the Trustee to distribute such
         excess amount (and any Income allocable to such excess amount) to the
         Participant not later than the first April 15th following the close of
         the Participant's taxable year. Any

                                       21
<PAGE>

         distribution of less than the entire amount of Excess Deferred
         Compensation and Income shall be treated as a[ pro rata distribution of
         Excess Deferred Compensation and Income. The amount distributed shall
         not exceed the Participant's Deferred Compensation under the Plan for
         the taxable year (and any Income allocable to such excess amount). Any
         distribution on or before the last day of the Participant's taxable
         year must satisfy each of the following conditions:

                  (1)               the distribution must be made after the date
         on which the Plan received the Excess Deferred Compensation;

                  (2)               the Participant shall designate the
         distribution as Excess Deferred Compensation; and

                  (3)               the Plan must designate the distribution as
         a distribution of Excess Deferred Compensation.

         Any distribution made pursuant to this Section 4.2(f) shall be made
         first from unmatched Deferred Compensation and, thereafter, from
         Deferred Compensation which is matched. Matching contributions which
         relate to such Deferred Compensation shall be forfeited.

                  (g)      Notwithstanding Section 4.2(f) above, a Participant's
         Excess Deferred Compensation shall be reduced, but not below zero, by
         any distribution of Excess Contributions pursuant to Section 4.6(a) for
         the Plan Year Beginning with or within the taxable year of the
         Participant.

                  (h)      At Normal Retirement Date, or such other date when
         the Participant shall be entitled to receive benefits, the fair market
         value of the Participant's Elective Account shall be used to provide
         additional benefits to the Participant or his Beneficiary.

                  (i)      Employer Elective Contributions made pursuant to thin
         Section may be segregated into a separate account for each Participant
         in a federally insured savings account, certificate of deposit in a
         bank or savings and loan association, money market certificate, or
         other short-term debt security acceptable to the Trustee until such
         time as the allocations pursuant to Section 4.4 have been made.

                  (j)      The Employer and the Administrator shall implement
         the salary reduction elections provided for herein as soon as
         administratively feasible following receipt of the Participant's
         election.

                  (k)      Effective January 1, 2002, all Participants who have
         attained age 50 before the close of the Plan Year shall be eligible to
         make catch-up contributions in accordance with and subject to the
         limitations of Code Section 414(v). Such catch-up contributions shall
         not be taken into account for purposes of the provisions of the Plan
         implementing the required limitations of Code Sections 402(a) and 415.
         The Plan shall not be treated as failing to satisfy the provisions of
         the Plan implementing Code Sections 401(k)(3), 401(k)(11), 401(k)(12),
         410(b) or 416, as applicable, by reason of the making of such catch-up
         contributions.

                                       22
<PAGE>

         4.3      TIME OF PAYMENT OF EMPLOYER CONTRIBUTION

         The Employer shall generally pay to the Trustee its contribution to the
Plan for each Plan Year within the time prescribed by law, including extensions
of time, for the filing of the Employer federal income tax return for the Fiscal
Year.

         However, Employer Elective Contributions accumulated through payroll
deductions shall be paid to the Trustee as of the earliest date on which such
contributions can reasonably be segregated from the Employer's general assets,
but in any event within ninety (90) days from the date on which such amounts
would otherwise have been payable to the Participant in cash. The provisions of
Department of Labor regulations 2510.3-102 are incorporated herein by reference.
Furthermore, any additional Employer contributions which are allocable to the
Participant's Elective Account for a Plan Year shall be paid to the Plan no
later than the twelve-month period immediately following the close of such Plan
Year.

         4.4      ALLOCATION OF CONTRIBUTION, FORFEITURES AND EARNINGS

                  (a)      The Administrator shall establish and maintain an
         account in the name of each Participant to which the Administrator
         shall credit as of each Anniversary Date all amounts allocated to each
         such Participant as set forth herein.

                  (b)      The Employer shall provide the Administrator with all
         information required by the Administrator to make a proper allocation
         of the Employer contributions for each Plan Year. Within a reasonable
         period of time after the date of receipt by the Administrator of such
         information, the Administrator shall allocate such contribution as
         follows:

                  (1)               With respect to the Employer Elective
                  Contribution made pursuant to Section 4.1(a), to each
                  Participant's Elective Account in an amount equal to each such
                  Participant's Deferred Compensation for the year.

                  (2)               With respect to the Employer Non-Elective
                  Contribution made pursuant to Section 4.1(b), to each
                  Participant's Account in accordance with Section 4.1(b).

                  Any Participant actively employed during the Plan Year shall
                  be eligible to share in the matching contribution for the Plan
                  Year. However, with respect to Plan Years beginning after
                  December 31, 1989, in lieu of the foregoing, only Participants
                  who are actively employed during the Plan Year shall be
                  eligible to share in the matching contributions for the year.

                  (3)               With respect to the Employer Non-Elective
                  Contribution made pursuant to Section 4.1(c), to each
                  Participant's Account in the same proportion that each such
                  Participant's Compensation for the year bears to the total
                  Compensation of all Participants for such year.

                  Any Participant actively employed during the Plan Year shall
                  be eligible to share in the discretionary contribution for the
                  year. However, with respect to Plan

                                       23
<PAGE>

                  Years beginning after December 31, 1989, in lieu of the
                  foregoing, only Participants who are actively employed during
                  the Plan Year shall be eligible to share in the discretionary
                  contribution for the year.

                  (c)      As of each Plan quarter any amounts which became
         Forfeitures since the last Plan quarter shall be used to reduce the
         contribution of the Employer hereunder for the Plan Year in which such
         Forfeitures occur in the following manner:

                  (1)               Forfeitures attributable to Employer
         matching contributions made pursuant to Section 4.1(b) shall be used to
         reduce the Employer contribution for the Plan Year in which such
         Forfeitures occur.

                  (2)               Forfeitures attributable to Employer
         discretionary contributions made pursuant to Section 4.1(c) shall be
         used to reduce the Employer contribution for the Plan Year in which
         such Forfeitures occur.

                  (d)      For any Top Heavy Plan Year, Non-Key Employees not
         otherwise eligible to share in the allocation of contributions as
         provided above, shall receive the minimum allocation provided for in
         Section 4.4(f) if eligible pursuant to the provisions of Section
         4.4(h).

                  (e)      As of each Valuation Date, before the current
         valuation period allocation of Employer contributions, any earnings or
         losses (net appreciation or net depreciation) of the Trust Fund shall
         be allocated in the same proportion that each Participant's and Former
         Participant's nonsegregated accounts bear to the total of all
         Participants' and Former Participants' nonsegregated accounts as of
         such date. Earnings or losses with respect to a Participant's Directed
         Account shall be allocated in accordance with Section 4.12.

         Participants' transfers from other qualified plans deposited in the
general Trust Fund shall share in any earnings and losses (net appreciation or
net depreciation) of the Trust Fund in the same manner provided above. Each
segregated account maintained on behalf of a Participant shall be credited or
charged with its separate earnings and losses.

                  (f)      Minimum Allocations Required for Top Heavy Plan
         Years: Notwithstanding the foregoing, for any Top Heavy Plan Year, the
         sum of the Employer contributions allocated to the Participant's
         Combined Account of each Non-Key Employee shall be equal to at least
         three percent (3%) of such Non-Key Employee's "415 Compensation"
         (reduced by contributions and forfeitures, if any, allocated to each
         Non-Key Employee in any defined contribution plan included with this
         plan in a Required Aggregation Group). However, if (1) the sum of the
         Employer contributions allocated to the Participant's Combined Account
         of each Key Employee for such Top Heavy Plan Year is less than three
         percent (3%) of each Key Employee's "415 Compensation" and (2) this
         Plan is not required to be included in an Aggregation Group to enable a
         defined benefit plan to meet the requirements of Code Section 40l(a)(4)
         or 410, the sum of the employer contributions allocated to the
         Participant's Combined Account of each Non-Key Employee shall be equal
         to the largest percentage allocated to the Participant's

                                       24
<PAGE>

         Combined Account of any Key Employee. However, in determining whether a
         Non-Key Employee has received the required minimum allocation, such
         Non-Key Employee's Deferred Compensation shall not be taken into
         account.

         However, no such minimum allocation shall be require d in this Plan for
any Non-Key Employee who participates in another defined contribution plan
subject to Code Section 412 included with this Plan in a Required Aggregation
Group.

                  (g)      For purposes of the minimum allocations set forth
         above, the percentage allocated to the Participant's Combined Account
         of any Key Employee shall be equal to the ratio of the sum of the
         Employer contributions allocated on behalf of such Key Employee divided
         by the "415 Compensation" for such Key Employee.

                  (h)      For any Top Heavy Plan Year, the minimum allocations
         set forth above shall be allocated to the Participant's Combined
         Account of all Non-Key Employees who are Participants and who are
         employed by the Employer on the last day of the Plan Year, including
         Non-Key Employees who have (1) failed to complete a Year of Service;
         and (2) declined to make mandatory contributions (if required) or, in
         the case of a cash or deferred arrangement, elective contributions to
         the Plan.

                  (i)      For the purposes of this Section, "415 Compensation"
         shall be limited to $150,000. Such amount shall be adjusted for
         increases in the cost of living in accordance with Code Section 401
         (a)(17), except that the dollar increase in effect on January 1 of any
         calendar year shall be effective for the Plan Year beginning with or
         within such calendar year. For any short Plan Year the "415
         Compensation" limit shall be an amount equal to the "415 Compensation"
         limit for the calendar year in which the Plan Year begins multiplied by
         the ratio obtained by dividing the number of full months in the short
         Plan Year by twelve (12).

                  (j)      Notwithstanding anything herein to the contrary,
         Participants who terminated employment for any reason during the Plan
         Year shall share in the salary reduction contributions made by the
         Employer for the year of termination without regard to the Hours of
         Service credited.

                  (k)      If a Former Participant is reemployed after five (5)
         consecutive 1-Year Breaks in Service, then separate accounts shall be
         maintained as follows:

                  (1)               one account for nonforfeitable benefits
         attributable to pre-break service; and

                  (2)               one account representing his status in the
         Plan attributable to post-break service.

         4.5      ACTUAL DEFERRAL PERCENTAGE TESTS

                  (a)      Maximum Annual Allocation: For each Plan Year
         beginning after December 31, 1996, the annual allocation derived from
         Employer Elective Contributions

                                       25
<PAGE>

         to a Highly Compensated Participant's Elective Account shall satisfy
         one of the following tests:

                  (1)               The "Actual Deferral Percentage" for the
                  Highly Compensated Participant group shall not be more than
                  the "Actual Deferral Percentage" of the Non-Highly Compensated
                  Participant group (for the preceding Plan Year if the prior
                  year testing method is used to calculate the "Actual Deferral
                  Percentage" for the Non-Highly Compensated Participant group)
                  multiplied by 1.25, or

                  (2)               The excess of the "Actual Deferral
                  Percentage" for the Highly Compensated Participant group over
                  the "Actual Deferral Percentage" for the Non-Highly
                  Compensated Participant group (for the preceding Plan Year if
                  the prior year testing method is used to calculate the "Actual
                  Deferral Percentage" for the Non-Highly Compensated
                  Participant group) shall not be more than two percentage
                  points. Additionally, the "Actual Deferral Percentage" for the
                  Highly Compensated Participant group shall not exceed the
                  "Actual Deferral Percentage" for the Non-Highly Compensated
                  Participant group (for the preceding Plan Year if the prior
                  year testing method is used to calculate the "Actual Deferral
                  Percentage" for the Non-Highly Compensated Participant group)
                  multiplied by 2. The provisions of Code Section 401(k)(3) and
                  Regulation 1.401(k)-1(b) are incorporated herein by reference.

                  However, in order to prevent the multiple use of the
                  alternative method described in (2) above and in Code Section
                  401 (m)(9)(A), any Highly Compensated Participant eligible to
                  make elective deferrals pursuant to Section 4.2 and to make
                  Employee contributions or to receive matching contributions
                  under this Plan or under any other plan maintained by the
                  Employer or an Affiliated Employer shall have a combination of
                  his Elective Contributions and Employer matching contributions
                  reduced pursuant to Section 4.6(a) and Regulation 1.401(m)2,
                  the provisions of which are incorporated herein by reference.

                  (b)      For the purposes of this Section "Actual Deferral
         Percentage" means, with respect to the Highly Compensated Participant
         group and Non-Highly Compensated Participant group for a Plan Year, the
         average of the ratios, calculated separately for each Participant in
         such group, of the amount of

                  Employer Elective Contributions allocated to each
                  Participant's Elective Account for such Plan Year, to such
                  Participant's "414(s) Compensation." for such Plan Year. The
                  actual deferral ratio for each Participant and the "Actual
                  Deferral Percentage" for each group shall be calculated to the
                  nearest one-hundredth of one percent. Employer Elective
                  Contributions allocated to each Non-Highly Compensated
                  Participant's Elective Account shall be reduced by Excess
                  Deferred Compensation to the extent such excess amounts are
                  made under this Plan or any other plan maintained by the
                  Employer.

                  Notwithstanding the above, if the prior year test method is
         used to calculate the "Actual Deferral Percentage" for the Non-Highly
         Compensated Participant group for the

                                       26
<PAGE>

         first Plan Year of this amendment and restatement, the "Actual Deferral
         Percentage" for the Non-Highly Compensated Participant group for the
         preceding Plan Year shall be calculated pursuant to the provisions of
         the Plan then in effect.

                  (c)      For the purposes of Sections 4.5(a) and 4.6, a Highly
         Compensated Participant and a Non-Highly Compensated Participant shall
         include any Employee eligible to make a deferral election pursuant to
         Section 4.2, whether or not such deferral election was made or
         suspended pursuant to Section 4.2.

                  Notwithstanding the above, if the prior year testing method is
         used to calculate the "Actual Deferral Percentage" for the Non-Highly
         Compensated Participant group for the first Plan Year of this amendment
         and restatement, for purposes of Section 4.5(a) and 4.6, a Non-Highly
         Compensated Participant shall include any such Employee eligible to
         make a deferral election, whether or not such deferral election was
         made or suspended, pursuant to the provisions of the Plan in effect for
         the preceding Plan Year.

                  (d)      If the Plan uses the prior year testing method, the
         "Actual Deferral Percentage" for the Non-Highly Compensated Participant
         group is determined without regard to changes in the group of
         Non-Highly Compensated Participants who are eligible under the Plan in
         the testing year. However, if the Plan results from, or is otherwise
         affected by, a "Plan Coverage Change" that becomes effective during the
         testing year, then the "Actual Deferral Percentage, for the Non-Highly
         Compensated Participant group for the prior year is the "Weighted
         Average Of The Actual Deferral Percentages For The Prior Year
         Subgroups." Notwithstanding the above, if ninety (90) percent or more
         of the total number of Non-Highly Compensated Participants from all
         "Prior Year Subgroups" are from a single "Prior Year Subgroup," then in
         determining the "Actual Deferral Percentage" for the Non-Highly
         Compensated Participants for the prior year, the Employer may elect to
         use the "Actual Deferral Percentage" for Non-Highly Compensated
         Participants for the prior year under which that single "Prior Year
         Subgroup" was eligible, in lieu of using the weighted averages. For
         purposes of this Section the following definitions shall apply:

                  (1)               "Plan Coverage Change" means a change in the
         group or groups of eligible Participants on account of (i) the
         establishment or amendment of a plan, (ii) a plan merger,
         consolidation, or spin-off under Code Section 414(l), (iii) a change in
         the way plans within the meaning of Code Section 414(l) are combined or
         separated for purposes of Regulation 1.401(k)-1(g)(11), or (iv) a
         combination of any of the foregoing.

                  (2)               "Prior Year Subgroup" means all Non-Highly
         Compensated Participants for the prior year who, in the prior year,
         were, eligible Participants under a specific Code Section 401(k) plan
         maintained by the Employer and who would have been eligible
         Participants in the prior year under the plan tested if the plan
         coverage change had first been effective as of the first day of the
         prior year instead of first being effective during the testing year.

                                       27
<PAGE>

                  (3)               "Weighted Average Of The Actual Deferral
         Percentages For The Prior Year Subgroups" means the sum, for all prior
         year subgroups, of the "Adjusted Actual Deferral Percentages."

                  (4)               "Adjusted Actual Deferral Percentage" with
         respect to a prior year subgroup means the Actual Deferral Percentage
         for Non-Highly Compensated Participants for the prior year of the
         specific plan under which the members of the prior year subgroup were
         eligible Participants, multiplied by a fraction, the numerator of which
         is the number of Non-Highly Compensated Participants in the prior year
         subgroup and the denominator of which is the total number of Non-Highly
         Compensated Participants in all prior year subgroups.

                  (e)      For the purposes of this Section and Code Sections
         401(a)(4), 410(b) and 401(k), if two or more plans which include cash
         or deferred arrangements are considered one plan for the purposes of
         Code Section 401(a)(4) or 410(b) (other than Code Section
         410(b)(2)(A)(ii)), the cash or deferred arrangements included in such
         plans shall be treated as one arrangement. In addition, two or more
         cash or deferred arrangements may be considered as a single arrangement
         for purposes of determining whether or not such arrangements satisfy
         Code Sections 401(a)(4), 410(b) and 401(k). In such a case, the cash or
         deferred arrangements included in such plans and the plans including
         such arrangements shall be treated as one arrangement and as one plan
         for purposes of this Section and Code Sections 401(a)(4), 410(b) and
         401(k). Any adjustment to the Non-Highly Compensated Participant actual
         deferral ratio for the prior year shall be made in accordance with
         Internal Revenue Service Notice 98-1 and any superseding guidance.
         Plans may be aggregated under this paragraph (c) only if they have the
         same plan year. Notwithstanding the above, for Plan Years beginning
         after December 31, 1996, if two or more plans which include, cash or
         deferred arrangements are permissively aggregated under Regulation
         1.410(b)-7(d), all plans permissively aggregated must use either the
         current year testing method or the prior year testing method for the
         testing year.

                  Notwithstanding the above, an employee stock ownership plan
         described in Code Section 4975(e)(7) or 409 may not be combined with
         this Plan for purposes of determining whether the employee stock
         ownership plan in or this Plan satisfies this Section and Code Sections
         401(a)(4), 410(b) and 401(1.)

                  (f)      For the purposes of this Section, if a Highly
         Compensated Participant is a Participant under two or more cash or
         deferred arrangements (other than a cash or deferred arrangement which
         is part of an employee stock ownership plan as defined in Code Section
         4975(e)(7) or 409) of the Employer or an Affiliated Employer, all such
         cash or deferred arrangements shall be treated as one cash or deferred
         arrangement for the purpose of determining the actual deferral ratio
         with respect to such Highly Compensated Participant. However, if the
         cash or deferred arrangements have different plan years, this paragraph
         shall be applied by treating all cash or deferred arrangements ending
         with or within the same calendar year as a single arrangement.

                                       28
<PAGE>

                  (g)      For the purpose of this Section, when calculating the
         "Actual Deferral Percentage" for the Non-Highly Compensated Participant
         group, the prior year testing method shall be used. However, for the
         Plan Year beginning after December 31, 1996, the current year testing
         method shall be used. Any change from the current year testing method
         to the prior year testing method shall be made pursuant to Internal
         Revenue Service Notice 98-1, Section VII (or superseding guidance), the
         provisions of which are incorporated herein by reference.

         4.6      ADJUSTMENT TO ACTUAL DEFERRAL PERCENTAGE TESTS

         In the event (or if it is anticipated) that the initial allocations of
the Employer Elective Contributions made pursuant to Section 4.4 do (or might)
not satisfy one of the tests set forth in Section 4.5(a)for Plan Years beginning
after December 31, 1996, the Administrator shall adjust Excess Contributions
pursuant to the options set forth below:

                  (a)      On or before the fifteenth day of the third month
         following the end of each Plan Year, the Highly Compensated Participant
         having the! largest amount of Elective Contributions shall have a
         portion of his Elective Contributions distributed to him until the
         total amount of Excess Contributions has been distributed, or until the
         amount of his Elective Contributions equals the Elective Contributions
         of the Highly Compensated Participant having the second largest amount
         of Elective Contributions. This process shall continue until the total
         amount of Excess Contributions has been distributed. In determining the
         amount of Excess Contributions to be distributed with respect to an
         affected Highly Compensated Participant as determined herein, such
         amount shall be reduced pursuant to Section 4.2(f) by any Excess
         Deferred Compensation previously distributed to such affected Highly
         Compensated Participant for his taxable year ending with or within such
         Plan Year.

                  (1)               With respect to the distribution of Excess
                  Contributions pursuant to (a) above, such distribution:

                           (i)      may be postponed but not later than the
                  close of the Plan Year following the Plan Year to which they
                  are allocable;

                           (ii)     shall be adjusted for Income; and

                           (iii)    shall be designated by the Employer as i
                  distribution of Excess Contributions (and Income).

                  (2)               Any distribution of less than the entire
                  amount of Excess Contributions shall be treated as a pro rata
                  distribution of Excess Contributions and Income.

                  (3)               Matching contributions which relate to
                  Excess Contributions shall be forfeited unless the related
                  matching contribution is distributed as an Excess Aggregate
                  Contribution pursuant to Section 4.8.

                                       29
<PAGE>

                  (b)      Within twelve (12) months after the end of the Plan
         Year, the Employer may make a special Qualified Non-Elective
         Contribution on behalf of Non-Highly Compensated Participants electing
         salary reductions pursuant to Section 4.2 in an amount sufficient to
         satisfy (or to prevent an anticipated failure of) one of the tests set
         forth in Section 4.5(a). Such contribution shall be allocated to the
         Participant's Elective Account of each Non-Highly Compensated
         Participant electing salary reductions pursuant to Section 4.2 in the
         same proportion that each such Non-Highly Compensated Participant's
         Deferred Compensation for the year bears to the total Deferred
         Compensation of all such Non-Highly Compensated Participants.

                  However, if the prior year testing method is used, the special
         Qualified Non-Elective Contribution shall be allocated in the prior
         Plan Year to the Participant's Elective Account on behalf of each
         Non-Highly Compensated Participant who was employed by the Employer on
         the last day of the prior Plan Year in the same proportion that each
         such Non-Highly Compensated Participant's Deferred Compensation for the
         prior Plan Year bears to the total Deferred Compensation of all such
         Non-Highly Compensated Participants for the prior Plan Year. Such
         contribution shall be made by the Employer prior to the end of the
         current Plan Year.

                  Notwithstanding the above, for Plan Years beginning after
         December 31, 1998, if the testing method changes from the current year
         testing method to the prior year testing method, then for purposes of
         preventing the double counting of Qualified Non-Elective Contributions
         for the first testing year for which the change is effective, any
         special Qualified Non-Elective Contribution on behalf of Non-Highly
         Compensated Participants used to satisfy the "Actual Deferral
         Percentage" or "Actual Contribution Percentage" test under the current
         year testing method for the prior year testing year shall be
         disregarded.

                  (c)      If during a Plan Year the projected aggregate amount
         of Elective Contributions to be allocated to all Highly Compensated
         Participants under this Plan would, by virtue of the tests set forth in
         Section 4.5(a), cause the Plan to fail such tests, then the
         Administrator may automatically reduce proportionately or in the order
         provided in Section 4.6(a) each affected Highly Compensated
         Participant's deferral election made pursuant to Section 4.2 by an
         amount necessary to satisfy one of the tests set forth in Section
         4.5(a).

         4.7      ACTUAL CONTRIBUTION PERCENTAGE TESTS

                  (a)      The "Actual Contribution Percentage" for Plan Years
         beginning after December 31, 1996 for the Highly Compensated
         Participant group shall not exceed the greater of:

                  (1)               125 percent of such percentage for the
                  Non-Highly Compensated Participant group (for the preceding
                  Plan Year if the prior year testing method is used to
                  calculate the "Actual Contribution Percentage for the
                  Non-Highly Compensated Participant group); or

                                       30
<PAGE>

                  (2)               the lesser of 200 percent of such percentage
                  for the Non-Highly Compensated Participant group (for the
                  preceding Plan Year if the prior year testing method is used
                  to calculate the "Actual Contribution Percentage" for the
                  Non-Highly Compensated Participant group), or such percentage
                  for the Non-Highly Compensated Participant group (for the
                  preceding Plan Year if the prior year testing method is used
                  to calculate the "Actual Contribution Percentage" for the
                  Non-Highly Compensated Participant group) plus 2 percentage
                  points. However, to prevent the multiple use of the
                  alternative method described in this paragraph and Code
                  Section 401(m)(9)(A), any Highly Compensated Participant
                  eligible to make elective deferrals pursuant to Section 4.2 or
                  any other cash or deferred arrangement maintained by the
                  Employer or an Affiliated Employer and to make Employee
                  contributions or to receive matching contributions under this
                  Plan or under any plan maintained by the Employer or an
                  Affiliated Employer shall have a combination of his Elective
                  Contributions and Employer matching contributions is reduced
                  pursuant to Regulation 1.401(m)-2 and Section 4.8(a).
                  Effective January 1, 2002, the foregoing multiple use test
                  shall no longer apply. The provisions of Code Section 401(m)
                  and Regulations 1.401(m)-1(b) and 1.401(m)-2 are incorporated
                  herein by reference.

                  (b)      For the purposes of this Section and Section 4.8,
         "Actual Contribution Percentage" for a Plan Year means, with respect to
         the Highly Compensated Participant group and Non-Highly Compensated
         Participant group (for the preceding Plan Year if the prior year
         testing method is used to calculate the "Actual Contribution
         Percentage" for the Non-Highly Compensated Participant group), the
         average of the ratios (calculated separately for each Participant in
         each group rounded to the nearest one-hundredth of one percent) of:

                  (1)               the sum of Employer matching contributions
         made pursuant to Section 4.1(b) on behalf of each such Participant for
         such Plan Year; to

                  (2)               the Participant's "414(s) Compensation" for
         such Plan Year

                  Notwithstanding the above, if the prior year testing, method
         is used to calculate the "Actual Contribution Percentage" for the
         Non-Highly Compensated Participant group for the first Plan Year of
         this amendment and restatement, for purposes of Section 4.7(a), the
         "Actual Contribution Percentage" for the Non-Highly Compensated
         Participant group for the preceding Plan Year shall be determined
         pursuant to the provisions of the Plan then in effect.

                  (c)      For purposes of determining the "Actual Contribution
         Percentage", only Employer matching contributions contributed to the
         Plan prior to the end of the succeeding Plan Year shall be considered.
         In addition, the Administrator may elect to take into account, with
         respect to Employees eligible to have Employer matching contributions
         pursuant to Section 4.1(b) allocated to their accounts, elective
         deferrals (as defined in Regulation 1.402(g)(l)(b)) and qualified
         non-elective contributions (as defined in Code Section 401(m)(4)(C))
         contributed to any plan maintained by the Employer. Such elective
         deferral's and qualified non-elective contributions shall be treated as

                                       31
<PAGE>

         Employer matching contributions subject to Regulation 1.401(m)-1(b)(5)
         which is incorporated herein by reference. However, the Plan Year must
         be the same as the plan year of the plan to which the elective
         deferrals and the qualified non-elective contributions are made.

                  (d)      For purposes of this Section and Code Sections
         401(a)(4), 410(b) and 401(m), if two or more plans of the Employer to
         which Snatching contributions, Employee contributions, or both, are
         made are treated as one plan for purposes of Code Sections 401(a)(4) or
         410(b) (other than the average benefits test under Code Section
         410(b)(2)(A)(ii)), such plans shall be treated as one plan. In
         addition, two or more plans of the Employer to which matching
         contributions, Employee contributions, or both, are made may be
         considered as a single plan for purposes of determining whether or not
         such plans satisfy Code Sections 401(a)(4), 410(b) and 401(m). In such
         a case, the aggregated plans must satisfy this Section and Code
         Sections 401(a)(4), 410(b) and 401(m) as though such aggregated plans
         were a single plan. Any adjustment to the Non-Highly Compensated
         Participant actual contribution ratio for the prior year shall be made
         in accordance with Internal Revenue Service Notice 98-1 and any
         superseding guidance. Plans may be aggregated under this paragraph (d)
         only if they have the same plan year. Notwithstanding the above, for
         Plan Years beginning after December 31, 1996, if two or more plans
         which include cash or deferred arrangements are permissively aggregated
         under Regulation 1.410(b)(7)(d), all plans permissively aggregated must
         use either the current year testing method or the prior year testing
         method for the testing year.

                  Notwithstanding the above, an employee stock ownership plan
         described in Code Section 4975(e)(7) or 409 may not be aggregated with
         his Plan for purposes of determining whether the employee stock
         ownership plan or this Plan satisfies this Section and Code Sections
         401(a)(4), 410(b) and 401(m).

                  (e)      If a Highly Compensated Participant is a Participant
         under two or more plans (other than an employee stock ownership plan as
         defined in Code Section 4975(e)(7) or 409) which are maintained by the
         Employer or an Affiliated Employer to which matching contributions,
         Employee contributions, or both, are made, all such contributions on
         behalf of such Highly Compensated Participant shall be aggregated for
         purposes of determining such Highly, Compensated Participant's actual
         contribution ratio. However, if the plans have different plan years,
         this paragraph shall be applied by treating all plans ending with or
         within the same calendar year as a single plan.

                  (f)      For purposes of Sections 4.7(a) and 4.8, a Highly
         Compensated Participant and Non-Highly Compensated Participant shall
         include any Employee eligible to have Employer matching contributions
         (whether or not a deferral election was made or suspended) or voluntary
         employee contributions (whether or not voluntary employee contributions
         are made) allocated to his account for the Plan Year.

                  Notwithstanding the above, if the prior year testing method is
         used to calculate the "Actual Contribution Percentage" for the
         Non-Highly Compensated Participant group for the first Plan Year of
         this amendment and restatement, for the purposes of Section 4.7(a), a
         Non-Highly Compensated Participant shall include any such Employee
         eligible to have

                                       32
<PAGE>

         Employer matching contributions (whether or not a deferral election was
         made or suspended) or voluntary employee contributions (whether or not
         voluntary employee contributions are made) allocated to his account for
         the preceding Plan Year pursuant to the provisions of the Plan then in
         effect.

                  (g)      If the Plan uses the prior year testing method, the
         "Actual Contribution Percentage" for the Non-Highly Compensated
         Participant group is determined without regard to changes in the group
         of Non-Highly Compensated Participants who are eligible under the Plan
         in the testing year. However, if the Plan results from, or is otherwise
         affected by, a "Plan Coverage Change" that becomes effective during the
         testing year, then the "Actual Contribution Percentage" for the
         Non-Highly Compensated Participant group for the prior year is the
         "Weighted Average Of The Actual Contribution Percentages For the Prior
         Year Subgroups." Notwithstanding the above, if ninety (90) percent or
         more of the total number of Non-Highly Compensated Participants from
         all "Prior Year Subgroups" are from a single "Prior Year Subgroup,"
         then in determining the "Actual Contribution Percentage" for the
         Non-Highly Compensated Participants for the prior year, the Employer
         may elect to use the "Actual Contribution Percentage" for Non-Highly
         Compensated Participants for the prior year under which that single
         "Prior Year Subgroup" was eligible, in lieu of using the weighted
         averages. For purposes of this Section the following definitions shall
         apply:

                  (1)               "Plan Coverage Change" means a change in the
                  group or groups of eligible Participants on account of (i) the
                  establishment or amendment of a plan, (ii) a plan merger,
                  consolidation, or spin-off under Code Section 414(l), (iii) a
                  change in the pay plans within the meaning of Code Section
                  414(l) are combined or separated for purposes of Regulation
                  1.401(k)-1(g)(11), or (iv) a combination of any of the
                  foregoing.

                  (2)               "Prior Year Subgroup" means all Non-Highly
                  Compensated Participants for the prior year who, in the prior
                  year, were eligible Participants under a specific Code Section
                  401(m) plan maintained by the Employer and who would have been
                  eligible Participants in the prior year under the plan tested
                  if the plan coverage change had first been effective as of the
                  first day of the prior year instead of first being effective
                  during the testing year.

                  (3)               "Weighted Average Of The Actual Contribution
                  Percentages For The Prior Year Subgroups" means the sum, for
                  all prior year subgroups, of the "Adjusted Actual Contribution
                  Percentages."

                  (4)               "Adjusted Actual Contribution Percentage"
                  with respect to a prior year subgroup means the Actual
                  Contribution Percentage for Non-Highly Compensated
                  Participants for the prior year of the specific plan under
                  which the members of the prior year subgroup were eligible
                  Participants, multiplied by a fraction, the numerator of which
                  is the number of Non-Highly Compensated Participants in the
                  prior year subgroup and the denominator of which is the total
                  number of Non-Highly Compensated Participants in all prior
                  year subgroups.

                                       33
<PAGE>

                  (h)      For the purpose of this Section, when calculating the
         "Actual Contribution Percentage" for the Non-Highly Compensated
         Participant group, the prior year testing method shall be used.
         However, for the Plan Year beginning after December 31, 1996, the
         current year testing method shall be used. Any change from the current
         year testing method to the prior year testing method shall be made
         pursuant to Internal Revenue Service Notice 98-1, Section VII (or
         superseding guidance), the provisions of which are incorporated herein
         by reference.

         4.8      ADJUSTMENT TO ACTUAL CONTRIBUTION PERCENTAGE TESTS

                  (a)      In the event (or if it is anticipated) that, for Plan
         Years beginning after December 31, 1996, the "Actual Contribution
         Percentage" for the Highly Compensated Participant group exceeds (or
         might exceed) the "Actual Contribution Percentage" for the Non-Highly
         Compensated Participant group pursuant to Section 4.7(a), the
         Administrator (on or before the fifteenth day of the third month
         following the end of the Plan Year, but in no event later than the
         close of the following Plan Year) shall direct the Trustee to
         distribute to the Highly Compensated Participant having the largest
         amount of contributions determined pursuant to Section 4.7(b)(2), his
         Vested portion of such contributions (and Income allocable to such
         contributions) and, if forfeitable, forfeit such non-Vested Excess
         Aggregate Contributions attributable to Employer Snatching
         contributions (and Income allocable to such forfeitures) until the
         total amount of Excess Aggregate Contributions has been distributed, or
         until his remaining amount equals the amount of contributions
         determined pursuant to Section 4.7(b)(2) of the Highly Compensated
         Participant having the second largest amount of contributions. This
         process shall continue until the total amount of Excess Aggregate
         Contributions has been distributed.

                  If the correction of Excess Aggregate Contributions,
         attributable to Employer matching contributions is not in proportion to
         the Vested and non-Vested portion of such contributions, then the
         Vested portion of the Participant's Account attributable to Employer
         matching contributions after the correction shall be subject to Section
         6.5(f).

                  (b)      Any distribution and/or forfeiture of less than the
         entire amount of Excess Aggregate Contributions (and Income) shall be
         treated as a pro rata distribution and/or forfeiture of Excess
         Aggregate Contributions and Income. Distribution of Excess Aggregate
         Contributions shall be designated by the Employer as a distribution of
         Excess Aggregate Contributions (and Income). Forfeitures of Excess
         Aggregate Contributions shall be treated in accordance with Section
         4.4.

                  (c)      Excess Aggregate Contributions, including forfeited
         matching contributions, shall be treated as Employer contributions for
         purposes of Code Sections 404 and 415 even if distributed from the
         Plan.

                  Forfeited matching contributions that are reallocated to
         Participants' Accounts for the Plan Year in which the forfeiture occurs
         shall be treated as an "annual addition" pursuant to Section 4.9(b) for
         the Participants to whose Accounts they are reallocated and for the
         Participants from whose Accounts they are forfeited.

                                       34
<PAGE>

                  (d)      The determination of the amount of Excess Aggregate
         Contributions with respect to any Plan Year shall be made after first
         determining the Excess Contributions, if any, to be treated as
         voluntary Employee contributions due to recharacterization for the plan
         year of any other 14ualified cash or deferred arrangement (as defined
         in Code Section 401(k)) maintained by the Employer that ends with or
         within the Plan Year.

                  (e)      If during a Plan Year the projected aggregate amount
         of Employer matching contributions to be allocated to all Highly
         Compensated Participants under this Plan would, by virtue of the tests
         set forth in Section 4.7(a), cause the Plan to fail such tests, then
         the Administrator may automatically reduce proportionately or in the
         order provided in Section 4.8(a) each affected Highly Compensated
         Participant's projected share of such contribution by art amount
         necessary to satisfy one of the tests set forth in Section 4.7(a).

                  (f)      Notwithstanding the above, within twelve (12) months
         after the end of the Plan Year, the Employer may make a special
         Qualified Non-Elective Contribution on behalf of Non-Highly Compensated
         Participants in an amount sufficient to satisfy (or to prevent an
         anticipated failure of) one of the tests set forth in Section 4.7(a).
         Such contribution shall be allocated to the Participant's Account of
         Non-Highly Compensated Participant in the same proportion that each
         Non-Highly Compensated Participant's Compensation for the Plan Year
         bears to the total Compensation of all Non-Highly Compensated
         Participants for the Plan Year. A separate accounting of any special
         Qualified Non-Elective Contribution shall be maintained in the
         Participant's Account.

                  However, if the prior year testing method is used, the,
         special Qualified Non-Elective Contribution shall be allocated in the
         prior Plan. Year to the Participant's Account on behalf of each
         Non-Highly Compensated Participant who was employed by the Employer on
         the last day of the prior Plan Year in the same proportion that each
         such Non-Highly Compensated Participant's Compensation for the prior
         Plan Year bears to the total Compensation of all such Non-Highly
         Compensated Participants for the prior Plan Year. Such contribution
         shall be made by the Employer prior to the end of the current Plan
         Year. A separate accounting of any special Qualified Non-Elective
         Contributions shall be maintained in the Participant's Account.

                  Notwithstanding the above, for Plan Years beginning after
         December 31, 1998, if the testing method changes from the current year
         testing method to the prior year testing method, then for purposes of
         preventing the double counting of Qualified Non-Elective Contributions
         for the first testing year for which the change is effective, any
         special Qualified Non-Elective Contribution on behalf of Non-Highly
         Compensated Participants used to satisfy the "Actual Deferral
         Percentage" or "Actual Contribution Percentage" test under the current
         year testing method for the prior year testing year shall be
         disregarded.

         4.9      MAXIMUM ANNUAL ADDITIONS

                  (a)      Notwithstanding the foregoing, the maximum "annual
         additions" credited to a Participant's accounts for any "limitation
         year" shall equal the lesser of (1)

                                       35
<PAGE>

         $30,000 adjusted annually as provided in Code Section 415(d) pursuant
         to the Regulations, or (2) twenty-five percent (25%) of the
         Participant's "415 Compensation" for such "limitation year." For any
         short "limitation year," the dollar limitation in (1) above shall be
         reduced by a fraction, the numerator of which is the number of full
         months in the short "limitation year" and the denominator of which is
         twelve (12). Effective January 1, 2002, the maximum "annual addition"
         credited to a Participant's accounts for any "limitation year," except
         to the extent permitted for catch-up contributions under Plan Section
         4.2(k) and Section 414(v) of the Code if applicable, shall equal the
         lesser of (1) $40,000 adjusted annually as provided in Code Section
         415(d) pursuant to Regulations, or (2) 100% of a Participant's
         compensation within the meaning of Code Section 415(c)(B) for the
         limitation year. This compensation limit shall not apply to any
         contribution for medical benefits after separation from service which
         is otherwise treated as an annual addition.

                  (b)      For purposes of applying the limitations of Code
         Section 415, "annual additions" means the sum credited to a
         Participant's accounts for any "limitation year" of (1) Employer
         contributions, (2) Employee contributions, (3) forfeitures, (4) amounts
         allocated, after March 31, 1984, to an individual medical account, as
         defined in Code Section 415(l)(2) which is part of a pension or annuity
         plan maintained by the Employer and (5) amounts derived from
         contributions paid or accrued after December 31, 1985, in taxable years
         ending after such date, which are attributable to post-retirement
         medical benefits allocated to the separate account of a key employee
         (as defined in Code Section 419A(d)(3)) under a welfare benefit plan
         (as defined in Code Section 419(e)) maintained by the Employer. Except,
         however, tie "415 Compensation" percentage limitation referred to in
         paragraph (a)(2) above shall not apply to: (1) any contribution for
         medical benefits (within the meaning of Code Section 419A(f)(2)) after
         separation from service which is otherwise treated as an "annual
         addition," or (2) any amount otherwise treated as an "annual addition"
         under Code Section 415(l)(1).

                  (c)      For purposes of applying the limitations of Code
         Section 415, the transfer of funds from one qualified plan to another
         is not an "annual addition." In addition, the following are not
         Employee contributions for the purposes of Section 4.9(b)(2): (1)
         rollover contributions (as defined in Code Sections 402(e)(6),
         403(a)(4), 403(b)(8) and 408(d)(3)); (2) repayments of loans made to a
         Participant from the Plan; (3) repayments of distributions received by
         an Employee pursuant to Code Section 411(a)(7)(B) (cash-outs); (4)
         repayments of distributions received by an Employee pursuant to Code
         Section 411(a)(3)(E)) (mandatory contributions); and (5) Employee
         contributions to a simplified employee pension excludable from gross
         income under Code Section 408(k)(6).

                  (d)      For purposes of applying the limitations of Code
         Section 415, the "limitation year" shall be the Plan Year.

                  (e)      For the purpose of this Section, all qualified
         defined contribution plans (whether terminated or not) ever maintained
         by the Employer shall be treated as one defined contribution plan.

                                       36
<PAGE>

                  (f)      For the purpose of this Section, if the Employer is a
         member of a controlled group of corporations, trades or businesses
         under common control (as defined by Code Section 1563(a) or Code
         Section 414(b) and (c) as modified by Code Section 415(h)), is a member
         of an affiliated service group (as defined by Code Section 414(m)), or
         is a member of a group of entities required to be aggregated pursuant
         to Regulations under Code Section 414(o), all Employees of such
         Employers shall be considered to be employed by a single Employer.

                  (g)      For the purpose of this Section, if this Plan is a
         Code Section 413(c) plan, each Employer who maintains this Plan will be
         considered to be a separate Employer.

                  (h)      (1) If a Participant participates in more than one
         defined contribution plan maintained by the Employer which have
         different Anniversary Dates, the maximum "annual additions" under this
         Plan shall equal the maximum "annual additions" for the "limitation
         year" minus any "annual additions" previously credited to such
         Participant's accounts during the "limitation year."

                  (2)               If a Participant participates in both a
                  defined contribution plan subject to Code Section 412 and a
                  defined contribution plan not subject to Code Section 412
                  maintained by the Employer which have the same Anniversary
                  Date, "annual additions" will be credited to the Participant's
                  accounts under the defined contribution plan subject to Code
                  Section 412 prior to crediting "annual additions" to the
                  Participant's accounts under the defined contribution plan not
                  subject to Code Section 412.

                  (3)               If a Participant participates in more than
                  one defined contribution plan not subject to Code Section 412
                  maintained by the Employer which have the same Anniversary
                  Date, the maximum "annual additions" under this Plan shall
                  equal the product of (A) the maximum "annual additions" for
                  the "limitation year" minus any "annual additions" previously
                  credited under subparagraphs (1) or (2) above, multiplied by
                  (B) a fraction (i) the numerator of which is the "annual
                  additions" which would be credited to such Participant's
                  accounts under this Plan without regard to the limitations of
                  Code Section 415 and (ii) the denominator of which is such
                  "annual additions" for all plans described in this
                  subparagraph.

                  (i)      If the sum of the defined benefit plan fraction and
         the defined contribution plan fraction shall exceed 1.0 in any
         "limitation year" for any Participant in this Plan, the Administrator
         shall adjust the numerator of the defined benefit plan fraction so that
         the sum of both fractions shall not exceed 1.0 in any "limitation year"
         for such Participant.

                  (j)      Notwithstanding anything contained in this Section to
         the contrary, the limitations, adjustments and other requirements
         prescribed in this Section shall at all times comply with the
         provisions of Code Section 415 and the Regulations thereunder, the
         terms of which are specifically incorporated herein by reference.

                                       37
<PAGE>

         4.10     ADJUSTMENT FOR EXCESSIVE ANNUAL ADDITIONS

                  (a)      If, as a result of a reasonable error in estimating a
         Participant's Compensation, a reasonable error in determining the
         amount of elective referrals (within the meaning of Code Section
         402(g)(3)) that may be made with respect to any Participant under the
         limits of Section 4.9 or other facts and circumstances to which
         Regulation 1.415-6(b)(6) shall be applicable, the "annual additions"
         under this Plan would cause the maximum "annual additions" to be
         exceeded for any Participant, the Administrator shall (1) distribute
         any elective deferrals (within the meaning of Code Section 402(g)(3))
         or return any Employee contributions (whether voluntary or mandatory),
         and for the distribution of gains attributable to those elective
         deferrals and Employee contributions, to the extent that the
         distribution or return would reduce the "excess amount" in the
         Participant's accounts (2) hold any "excess amount" remaining after the
         return of any elective deferrals or voluntary Employee contributions in
         a "Section 415 suspense account" (3) use the "Section 415 suspense
         account" in the next "limitation year" (and succeeding "limitation
         years" if necessary) to reduce Employer contributions for that
         Participant if that Participant is covered by the Plan as of the end of
         the "limitation year," or if the Participant is not so covered,
         allocate and reallocate the "Section 415 suspense account" in the next
         "limitation year" (and succeeding "limitation years" if necessary) to
         all Participants in the Plan before any Employer or Employee
         contributions which would constitute "annual additions" are made to the
         Plan for such "limitation year" (4) reduce Employer contributions to
         the Plan for such "limitation year" by the amount of the "Section 415
         suspense account" allocated and reallocated during such "limitation
         year."

                  (b)      For purposes of this Article, "excess amount" for any
         Participant for a "limitation year" shall mean the excess, if any, of
         (1) the "annual additions" which would be credited to his account under
         the terms of the Plan without regard to the limitations of Code Section
         415 over (2) the maximum "annual additions" determined pursuant to
         Section 4.9.

                  (c)      For purposes of this Section, "Section 415 suspense
         account" shall mean an unallocated account equal to the sum of "excess
         amounts for all Participants in the Plan during the "limitation year."
         The "Section 415 suspense account" shall not share in any earnings or
         losses of the Trust Fund.

         4.11     TRANSFERS FROM QUALIFIED PLANS

                  (a)      With the consent of the Administrator, amounts may be
         transferred from other qualified plans by Eligible Employees, provided
         that the trust from which such funds are transferred permits the
         transfer to be made and thc: transfer will not jeopardize the tax
         exempt status of the Plan or Trust or create adverse tax consequences
         for the Employer. The amounts transferred shall be set up in a separate
         account herein referred to as a "Participant's Rollover Account." Such
         account shall be fully Vested at all times and shall not be subject to
         Forfeiture for any reason.

                  (b)      Amounts in a Participant's Rollover Account shall be
         held by the Trustee pursuant to the provisions of this Plan and may not
         be withdrawn by, or

                                       38
<PAGE>

         distributed to the Participant, in whole or in part, except as provided
         in Section 6.1 0 and paragraphs (c) and (d) of this Section.

                  (c)      Except as permitted by Regulations (including
         Regulation 1.411(d)-4), amounts attributable to elective contributions
         (as defined in Regulation 1.401(k)-1(g)(3)), including amounts treated
         as elective contributions, which are transferred from another qualified
         plan in a plan-to-plan transfer shall be subject to the distribution
         limitations provided for in Regulation. 1.401 (k) I (d).

                  (d)      At Normal Retirement Date, or such other date when
         the Participant or his Beneficiary shall be entitled to receive
         benefits, the fair market value of the Participant's Rollover Account
         shall be used to provide additional benefits to the Participant or his
         Beneficiary. Any distributions of amounts held in a Participant's
         Rollover Account shall be made in a manner which is consistent with and
         satisfies the provisions of Section 6.5, including, but not limited to,
         all notice and consent requirements of Code Section 411(a)(11) and the
         Regulations thereunder. Furthermore, such amounts shall be considered
         as part of a Participant's benefit in determining whether an
         involuntary cash-out of benefits without Participant consent may be
         made.

                  (e)      The Administrator may direct that employee transfers
         made after a Valuation Date be segregated into a separate account for
         each Participant in a federally insured savings account, certificate of
         deposit in a bank or savings and loan association, money market
         certificate, or other short term debt security acceptable to the
         Trustee until such time as the allocations pursuant to this Plan have
         been made, at which time they may remain segregated or be invested as
         part of the general Trust Fund, to be determined by the Administrator.

                  (f)      For purposes of this Section, the term "qualified
         plan shall mean any tax qualified plan under Code Section 401 (a). The
         term "amounts transferred from other qualified plans" shall mean: (i)
         amounts transferred to this Plan directly from another qualified plan;
         (ii) distributions from another qualified plan which are eligible
         rollover distributions and which are either transferred by the Employee
         to this Plan within sixty (60) days following his receipt thereof or
         are transferred pursuant to a direct rollover; (iii) amounts
         transferred to this Plan from a conduit individual retirement account
         provided that the conduit individual retirement account has no assets
         other than assets which (A) were previously distributed to the Employee
         by another qualified plan as a lump-sum distribution (B) were eligible
         for tax-free rollover to a qualified plan and (C) were deposited in
         such conduit individual retirement account within sixty (60) days of
         receipt thereof and other than earnings on said assets; and (iv)
         amounts distributed to the Employee from a conduit individual
         retirement account meeting the requirements of clause (iii) above, and
         transferred by the Employee to this Plan within sixty (60)days of his
         receipt thereof from such conduit individual retirement account.

                  (g)      Prior to accepting any transfers to which this
         Section applies, the Administrator may require the Employee to
         establish that the amounts to be transferred to this Plan meet the
         requirements of this Section and may also require the Employee to

                                       39
<PAGE>

         provide an opinion of counsel satisfactory to the Employer that the
         amounts to be transferred meet the requirements of this Section.

                  (h)      This Plan shall not accept any direct or indirect
         transfers (as that term is defined and interpreted under Code Section
         401(a)(11) and the Regulations thereunder) from a defined benefit plan,
         money purchase plan (including a target benefit plan), stock bonus or
         profit sharing plan which would otherwise have provided for a life
         annuity form of payment to the Participant.

                  (i)      Notwithstanding anything herein to the contrary, a
         Transfer directly to this Plan from another qualified plan (or a
         transaction having the effect of such a transfer) shall only be
         permitted if it will not result in the elimination or reduction of any
         "Section 411(d)(6) protected benefit" as described in Section 7.1.

                                   ARTICLE V
                                   VALUATIONS

         5.1      VALUATION OF THE TRUST FUND

         The Administrator shall direct the Trustee, as of each Valuation Date,
to determine the net worth of the assets comprising the Trust Fund as it exists
on the Valuation Date. In determining such net worth, the Trustee shall value
the assets comprising the Trust Fund at their fair market value as of the
Valuation Date and shall deduct all expenses for which the Trustee has not yet
obtained reimbursement from the Employer or the Trust Fund. The Trustee may
update the value of any shares held in the Participant Directed Account by
reference to the number of shares held by that Participant, priced at the market
value as of the Valuation Date.

         5.2      METHOD OF VALUATION

         In determining the fair market value of securities held in the Trust
Fund which are listed on a registered stock exchange, the Administrator shall
direct the Trustee to value the same at the prices they were last traded on such
exchange preceding the close of business on the Valuation Date. If such
securities were not traded on the Valuation Date, or if the exchange on which
they are traded was not open for business on the Valuation Date, then the
securities shall be valued at the prices at which they were last traded prior to
the Valuation Date. Any, unlisted security held in the Trust Fund shall be
valued at its bid price next preceding the close of business on the Valuation
Date, which bid price shall be obtained from a registered broker or an
investment banker. In determining the fair market value of assets other than
securities for which trading or bid prices can be obtained, the Trustee may
appraise such assets itself, or in its discretion, employ one or more appraisers
for that purpose and rely on the values established by such appraiser or
appraisers.

                                   ARTICLE VI
                   DETERMINATION AND DISTRIBUTION OF BENEFITS

         6.1      DETERMINATION OF BENEFITS UPON RETIREMENT

                                       40
<PAGE>
         Every Participant may terminate his employment with the Employer and
retire for the purposes hereof on his Normal Retirement Date or Early Retirement
Date. However, a Participant may postpone the termination of his employment with
the Employer to a later date, in which event the participation of such
Participant in the Plan, including the right to receive allocations pursuant to
Section 4.4, shall continue until his Late Retirement Date. Upon a Participant's
Retirement Date or attainment of his Normal Retirement Date without termination
of employment with the Employer, or as soon thereafter as is practicable, the
Trustee shall distribute, at the election of the Participant, all amounts
credited to such Participant's Combined Account in accordance with Section 6.5.

         6.2      DETERMINATION OF BENEFITS UPON DEATH

                  (a)      Upon the death of a Participant before his Retirement
         Date or other termination of his employment, all amounts credited to
         such Participant's Combined Account shall become fully Vested. The
         Administrator shall direct the Trustee, in accordance with the
         provisions of Sections 6.6 and 6.7, to Distribute the value of the
         deceased Participant's accounts to the Participant's Beneficiary.

                  (b)      Upon the death of a Former Participant, the
         Administrator shall direct the Trustee, in accordance with the
         provisions of Sections 6.6 and 6.7, to distribute any remaining Vested
         amounts credited to the accounts of a deceased Former Participant to
         such Former Participant's Beneficiary.

                  (c)      The Administrator may require such proper proof of
         death and such evidence of the right of any person to receive payment
         of the value of the account of a deceased Participant or Former
         Participant as the Administrator may deem desirable. The
         Administrator's determination of death and of the right of any person
         to receive payment shall be conclusive.

                  (d)      The Beneficiary of the death benefit payable pursuant
         to this Section shall be the Participant's spouse. Except, however, the
         Participant may designate a Beneficiary other than his spouse if:

                  (1)               the spouse has waived the right to be the
                  Participant's Beneficiary, or

                  (2)               the Participant is legally separated or has
                  been abandoned (within the meaning of local law) and the
                  Participant has a court order to such effect (and there is no
                  "qualified domestic relations order" as defined in Code
                  Section 414(p) which provides otherwise), or

                  (3)               the Participant has no spouse, or

                  (4)               the spouse cannot be located.

                           In such event, the designation of a Beneficiary shall
                  be made on a form satisfactory to the Administrator. A
                  Participant may at any time revoke his designation of a
                  Beneficiary or change his Beneficiary by filing written notice
                  of

                                       41
<PAGE>

                  such revocation or change with the Administrator. However, the
                  Participant's spouse must again consent in writing to any
                  change in Beneficiary unless the original consent acknowledged
                  that the spouse had the right to limit consent only to a
                  specific Beneficiary and that the spouse voluntarily elected
                  to relinquish such right. In the event no valid designation of
                  Beneficiary exists at the time of the Participant's death, the
                  death benefit shall be payable to his estate.

                  (e)      Any consent by the Participant's spouse to waive any
         rights to the death benefit must be in writing, must acknowledge the
         effect of such waiver, and be witnessed by a Plan representative or a
         notary public. Further, the spouse's consent must be irrevocable and
         must acknowledge the specific nonspouse Beneficiary.

         6.3      DETERMINATION OF BENEFITS IN EVENT OF DISABILITY

         In the event of a Participant's Total and Permanent Disability prior to
his Retirement Date or other termination of his employment, all amounts credited
to such Participant's Combined Account shall become fully Vested. In the event
of a Participant's Total and Permanent Disability, the Trustee, in accordance
with the provisions of Sections 6.5 and 6.7, shall distribute to such
Participant all amounts credited to such Participant's Combined Account as
though he had retired.

         6.4      DETERMINATION OF BENEFITS UPON TERMINATION

                  (a)      If a Participant's employment with the Employer is
         terminated for any reason other than death, Total and Permanent
         Disability or retirement, such Participant shall be entitled to such
         benefits as are provided hereinafter pursuant to this Section 6.4.

                  Distribution of the funds due to a Terminated Participant
         shall be made on the occurrence of an event which would result in the
         distribution had the Terminated Participant remained in the employ of
         the Employer (upon the Participant's death, Total and Permanent
         Disability, Early or Normal Retirement).

                  However, at the election of the Participant, the Administrator
         shall direct the Trustee to cause the entire Vested portion of the
         Terminated Participant's Combined Account to be payable to such
         Terminated Participant. Any distribution under this paragraph shall be
         made in a manner which is consistent with and satisfies the provisions
         of Section 6.5, including, but not limited to, all notice and consent
         requirements of Code Section 411(a)(11) and the Regulations thereunder.

                  If the value of a Terminated Participant's Vested benefit
         derived from Employer and Employee contributions does not exceed $5,000
         ($3,500 for Plan Years beginning prior to August 6, 1997), the
         Administrator shall direct the Trustee to cause the entire Vested
         benefit to be paid to such Participant in a single lump sum.

                  (b)      The Vested portion of any Participant's Account shall
         be a percentage of the total amount credited to his Participant's
         Account determined on the basis of the Participant's number of Years of
         Service according to the following schedule:

                                       42
<PAGE>

<TABLE>
<CAPTION>
                                Vesting Schedule
                   Years of Service              Percentage
                   <S>                           <C>
                   Less than 2 years                   0%
                        2 years                       40%
                        3 years                       60%
                        4 years                       80%
                        5 years                      100%
</TABLE>

                  (c)      Notwithstanding the vesting schedule above, the
         Vested percentage of a Participant's Account shall not be less than the
         Vested percentage attained as of the later of the effective date or
         adoption date of this amendment and restatement.

                  (d)      Notwithstanding the vesting schedule above, upon the
         complete discontinuance of the Employer contributions to the Plan or
         upon any full or partial termination of the Plan, all amounts credited
         to the account of any affected Participant shall become 100% Vested and
         shall not thereafter be subject to Forfeiture.

                  (e)      The computation of a Participant's non-forfeitable
         percentage of his interest in the Plan shall not be reduced as the
         result of any direct or indirect amendment to this Plan. For this
         purpose, the Plan shall be treated as having been amended if the Plan
         provides for an automatic change in vesting due to a change in top
         heavy status. In the event that the Plan is amended to change or modify
         any vesting schedule, a Participant with at least three (3) Years of
         Service is of the expiration date of the election period may elect to
         have his nonforfeitable percentage computed under the Plan without
         regard to such amendment. If a Participant fails to make such election,
         then such Participant shall be subject to the new vesting schedule. The
         Participant's election period shall commence on the adoption date of
         the amendment and shall end 60 days after the latest of:

                  (1)               the adoption date of the amendment,

                  (2)               the effective date of the amendment, or

                  (3)               the date the Participant receives written
                  notice of the amendment from the Employer or Administrator.

                  (f)      (1)      If any Former Participant shall be
         reemployed by the Employer before a 1-Year Break in Service occurs, he
         shall continue to participate in the Plan in the same manner as if such
         termination had not occurred.

                  (2)               If any Former Participant is reemployed
         after a 1-Year Break in Service has occurred, Years of Service shall
         include Years of Service prior to his 1 Year Break in Service subject
         to the following rules:

                                       43
<PAGE>

                           (i)               If a Former Participant has a
                  1-Year Break in Service, his pre-break and post-break service
                  shall be used for computing Years of Service for eligibility
                  and for vesting purposes upon his reemployment with the
                  Employer;

                           (ii)              Any Former Participant who under
                  the Plan does not have a nonforfeitable right to any interest
                  in the Plan resulting from Employer contributions shall lose
                  credits otherwise allowable under (i) above if his consecutive
                  1-Year Breaks in Service equal exceed the greater of (A) five
                  (5) or (B) the aggregate number of his pre-break Years of
                  Service;

                           (iii)             After five (5) consecutive 1-Year
                  Breaks in Service, a Former Participant's Vested Account
                  balance attributable to pre-break service shall not be
                  increased as a result of post-break service;

                           (iv)              If a Former Participant is
                  reemployed by the Employer, he shall participate in the Plan
                  as soon as administratively feasible upon his reemployment;

                           (v)               If a Former Participant (a 1-Year
                  Break in Service previously occurred, but employment had not
                  terminated) is credited with an Hour of Service after the
                  first eligibility computation period in which he incurs a
                  1-Year Break in Service, he shall participate in the Plan as
                  soon as administratively feasible upon his reemployment.

         6.5      DISTRIBUTION OF BENEFITS

                  (a)      The Administrator, pursuant to the election of the
         Participant, shall direct the Trustee to distribute to a Participant or
         his Beneficiary any amount to which he is entitled under the Plan in
         one lump-sum payment in cash or in property.

                  (b)      Any distribution to a Participant who has a benefit
         which exceeds $5,000 ($3,500 for Plan Years beginning prior to August
         6, 1997) shall require such Participant's consent if such distribution
         occurs prior to the later of his Normal Retirement Age or age 62. With
         regard to this required consent:

                  (1)      The Participant must be informed of his right to
                  defer receipt of the distribution. If a Participant fails to
                  consent, it shall be deemed an election to defer the
                  distribution of any benefit. However, any election to defer
                  the receipt of benefits shall not apply with respect to
                  distributions which are required under Section 6.5(c).

                  (2)      Notice of the rights specified under this paragraph
                  shall be provided no less than 30 days and no more than 90
                  days before the date the distribution commences.

                                       44
<PAGE>

                  (3)      Consent of the Participant to the distribution must
                  not be made before the Participant receives the notice and
                  must not be made more than 90 days before the date the
                  distribution commences.

                  (4)      No consent shall be valid if a significant detriment
                  is imposed under the Plan on any Participant who does not
                  consent to the distribution.

         Any such distribution may commence less than 30 days after the notice
required under Regulation 1.411(a)-11(c) is given, provided that: (1) the
Administrator clearly informs the Participant that the Participant has a right
to a period of at least 30 days after receiving the notice to consider the
decision of whether or not to elect a distribution (and, if applicable, a
particular distribution option), and (2) the Participant, after receiving the
notice, affirmatively elects a distribution. For purposes of this section
6.5(b), effective January 1, 2002, the value of a Participant's benefit shall be
determined without regard to that portion that is attributable to rollover
contributions (and earnings thereon) within the meaning of Code Sections 402(c),
403(a)(4), 403(b)(8), 408(d)(3)(A)(ii) and 457(e)(6).

                  (c)      Notwithstanding any provision in the Plan to the
         contrary, for Plan Years beginning after December 31, 1996, the
         distribution of a Participant's benefits shall be made in accordance
         with the following requirements and shall otherwise comply with Code
         Section 401(a)(9) and the Regulations thereunder (including Regulation
         1.401(a)(9)(2), the provisions of which are incorporated herein by
         reference:

                  (1)      A Participant's benefits shall be distributed or must
                  begin to be distributed to him not later than April 1st of the
                  calendar year following the later of (i) the calendar year in
                  which the Participant attains age 70 1/2 or (ii)the calendar
                  year in which the Participant retires, provided, however, that
                  this clause (ii) shall not apply in the case of a Participant
                  who is a "five (5) percent owner" at any time during the Plan
                  Year ending with or within the calendar year in which such
                  owner attains age 70 1/2. Such distributions shall be equal to
                  or greater than any required distribution.

                  (2)      Distributions to a Participant and his Beneficiaries
                  shall only be made in accordance with the incidental death
                  benefit requirement of Code Section 401(a)(9)(G) and the
                  Regulations thereunder.

                  (d)      For purposes of this Section, the life expectancy of
         a Participant and a Participant's spouse shall not be redetermined in
         accordance with Code Section 401(a)(9)(D). Life expectancy and joint
         and last survivor expectancy shall be computed using the return
         multiples in Tables V and VI of Regulation 1.72-9.

                  (e)      All annuity Contracts under this Plan shall be
         nontransferable when distributed. Furthermore, the terms of any annuity
         Contract purchased and distributed to a Participant or spouse shall
         comply with all of the requirements of the Plan.

                  (f)      If a distribution is made at a time when a
         Participant is not fully Vested in his Participant's Account and the
         Participant may increase the Vested percentage in such account:

                                       45
<PAGE>

                  (1)               a separate account shall be established for
                  the Participant's interest in the Plan as of the time of the
                  distribution; and

                  (2)               at any relevant time, the Participant's
                  Vested portion of the separate account shall be equal to an
                  amount ("X") determined by the formula:

                  X equals P(AB plus (R x D)) - (R x D)

                  For purposes of applying the formula: P is the Vested
                  percentage at the relevant time, AB is the account balance at
                  the relevant time, D is the amount of distribution, and R is
                  the ratio of the account balance at the relevant time to the
                  account balance after distribution.

         6.6      DISTRIBUTION OF BENEFITS UPON DEATH

                  (a)      The death benefit payable pursuant to Section 6.2
         shall be paid to the Participant's Beneficiary in one lump-sum payment
         in cash or in property subject to the rules of Section 6.6(b).

                  (b)      Notwithstanding any provision in the Plan to the
         contrary, distributions upon the death of a Participant shall be made
         in accordance with the following requirements and shall otherwise
         comply with Code Section 401(a)(9) and the Regulations thereunder. If
         it is determined pursuant to Regulations that the distribution of a
         Participant's interest has begun and the Participant dies before his
         entire interest has been distributed to him, the remaining portion of
         such interest shall be distributed at least as rapidly as under the
         method of distribution selected pursuant to Section 6.5 as of his date
         of death. If a Participant dies before he has begun to receive any
         distributions of his interest under the Plan or before distributions
         are deemed to have begun pursuant to Regulations, then his death
         benefit shall be distributed to his Beneficiaries by December 31st of
         the calendar year in which the fifth anniversary of his date of death
         occurs.

                  However, in the event that the Participant's spouse
         (determined as of the date of the Participant's death) is his
         Beneficiary, then in lieu of the Preceding rules, distributions must be
         made over a period not extending beyond the life expectancy of the
         spouse and must commence on or before the later of (1) December 31st of
         the calendar year immediately following the calendar year in which the
         Participant died; or (2) December 31st of the calendar year in which
         the Participant would have attained age 70 1/2. If the surviving spouse
         dies before distributions to such spouse begin, then the 5-year
         distribution requirement of this Section shall apply as if the spouse
         was the Participant.

         6.7      TIME OF SEGREGATION OR DISTRIBUTION

         Except as limited by Sections 6.5 and 6.6, whenever the Trustee is to
make a distribution the distribution may be made as soon as is practicable.
However, unless a Former Participant elects in writing to defer the receipt of
benefits (such election may not result in a death benefit that is more than
incidental), the payment of benefits shall occur not later than the 60th day
after the close of the Plan Year in which the latest of the following events
occurs: (a) the date on which the Participant attains the earlier of age 65 or
the Normal Retirement Age specified herein;

                                       46
<PAGE>

(b)the 10th anniversary of the year in which the Participant commenced
participation in the Plan; or (c)the date the Participant terminates his service
with the Employer.

         6.8      DISTRIBUTION FOR MINOR BENEFICIARY

         In the event a distribution is to be made to a minor, then the
Administrator may direct that such distribution be paid to the legal guardian,
or if none, to a parent of such Beneficiary or a responsible adult with whom the
Beneficiary maintains his residence, or to the custodian for such Beneficiary
under the Uniform Gift to Minors Act or Gift to Minors Act, if such is permitted
by the laws of the state in which said Beneficiary resides. Such a payment to
the legal guardian, custodian or parent of a minor Beneficiary shall fully
discharge the Trustee, Employer, and Plan from further liability on account
thereof.

         6.9      LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN

         In the event that all, or any portion, of the distribution payable to a
Participant or his Beneficiary hereunder shall, at the later of the
Participant's attainment of' age 62 or his Normal Retirement Age, remain unpaid
solely by reason of the inability of the Administrator, after sending a
registered letter, return receipt requested, to the last known address, and
after further diligent effort, to ascertain the whereabouts of such Participant
or his Beneficiary, the amount so distributable shall be treated as a Forfeiture
pursuant to the Plan. In the event a Participant or Beneficiary is located
subsequent to his benefit being reallocated, such benefit shall be restored
unadjusted for earnings or losses.

         6.10     PRE-RETIREMENT DISTRIBUTION

         At such time as a Participant shall have attained the age of 70-1/2
years, the Administrator, at the election of the Participant, shall direct the
Trustee to distribute: all or a portion of the Vested amount then credited to
the accounts maintained on behalf of the Participant. In the event that the
Administrator makes such a distribution, the Participant shall continue to be
eligible to participate in the Plan on the same basis as any other Employee. Any
distribution made pursuant to this Section shall be made in a manner consistent
with Section 6.5, including, but not limited to, all notice and consent
requirements of Code Section 411(a)(11) and the Regulations thereunder.

         Notwithstanding the above, pre-retirement distributions from a
Participant's Elective Account shall not be permitted prior to the Participant
attaining age 59-1/2 except as otherwise permitted under the terms of the Plan.

         6.11     ADVANCE DISTRIBUTION FOR HARDSHIP

                  (a)      The Administrator, at the election of the
         Participant, shall direct the Trustee to distribute to any Participant
         in any one Plan Year up to the lesser of 100% of his Participant's
         Elective Account and Participant's Rollover Account valued as of the
         last Valuation Date or the amount necessary to satisfy the immediate
         and heavy financial need of the Participant. Any distribution made
         pursuant to this Section shall be deemed to be made as of the first day
         of the Plan Year or, if later, the Valuation Date immediately preceding
         the date of distribution, and the Participant's Elective Account and
         Participant's

                                       47
<PAGE>

         Rollover Account shall be reduced accordingly. Withdrawal under this
         Section is deemed to be on account of an immediate and heavy financial
         need of the Participant if the withdrawal is for:

                  (1)               Expenses for medical care described in Code
                  Section 213(d) previously incurred by the Participant, his
                  spouse, or any of his dependents (as defined in Code Section
                  152) or necessary for these persons to obtain medical care;

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

                  (3)               Payment of tuition, related educational
                  fees, and room and board expenses for the next twelve (12)
                  months of post-secondary education for the Participant, his
                  spouse, children, or dependents; or

                  (4)               Payments necessary to prevent the eviction
                  of the Participant from his principal residence or foreclosure
                  on the mortgage of the Participant's principal residence.

                  (b)      No distribution shall be made pursuant to this
         Section unless the Administrator, based upon the Participant's
         representation and such other facts as are known to the Administrator,
         determines that all of the following conditions are satisfied:

                  (1)               The distribution is not in excess of the
                  amount of the immediate and heavy financial need of the
                  Participant. The amount of the immediate and heavy financial
                  need may include any amounts necessary to pay any federal,
                  state, or local income taxes or penalties reasonably
                  anticipated to result from the distribution;

                  (2)               The Participant has obtained all
                  distributions, other than hardship distributions, and all
                  nontaxable (at the time of the loan) loans currently available
                  under all plans maintained by the Employer;

                  (3)               The Plan, and all other plans maintained by
                  the Employer, provide that the Participant's elective
                  deferrals and voluntary Employee contributions will be
                  suspended for at least twelve (12) months after receipt of the
                  hardship distribution or, the Participant, pursuant to a
                  legally enforceable agreement, will suspend his elective
                  deferrals and voluntary Employee contributions to the Plan and
                  all other plans maintained by the Employer for at least twelve
                  (12) months after receipt of the hardship distribution. For
                  hardship distributions received on or after January 1, 2002,
                  the twelve (12) month suspension shall be reduced to six (6)
                  months; and

                  (4)               The Plan, and all other plans maintained by
                  the Employer, provide that the Participant may not make
                  elective deferrals for the Participant's taxable year
                  immediately following the taxable year of the hardship
                  distribution in excess of the applicable limit under Code
                  Section 402(g) for such next taxable

                                       48
<PAGE>

                  year less the amount of such Participant's elective deferrals
                  for the taxable year of the hardship distribution.

                  (c)      Notwithstanding the above, distributions from the
         Participant's Elective Account pursuant to this Section shall be
         limited, as of the date of distribution, to the Participant's Elective
         Account as of the end of the last Plan Year ending before July 1, 1989,
         plus the total Participant's Deferred Compensation after such date,
         reduced by the amount of any previous distributions pursuant to this
         Section and Section 6.10.

                  (d)      Any distribution made pursuant to this Section shall
         be made in a manner which is consistent with and satisfies the
         provisions of Section 6.5, including, but not limited to, all notice
         and consent requirements of Code Section 411(a)(11) and the Regulations
         thereunder.

         6.12     QUALIFIED DOMESTIC RELATIONS ORDER DISTRIBUTION

         All rights and benefits, including elections, provided to a Participant
in this Plan shall be subject to the rights afforded to any "alternate payee"
under a "qualified domestic relations order." Furthermore, a distribution to an
"alternate payee" shall be permitted if such distribution is authorized by a
"qualified domestic relations order," even if the affected Participant has not
separated from service and has not reached the "earliest retirement are" under
the Plan. For the purposes of this Section, "alternate payee," "qualified
domestic relations order" and "earliest retirement age" shall have the meaning
set forth under Code Section 414(p).

         6.13     DIRECT ROLLOVER

                  (a)      Notwithstanding any provision of the Plan to the
         contrary that would otherwise limit a distributee's election under this
         Section, a distributee may elect, at the time and in the manner
         prescribed by the Administrator, to leave any portion of an eligible
         rollover distribution that is equal to at least $500 paid directly to
         an eligible retirement plan specified by the distributee in a direct
         rollover.

                  (b)      For purposes of this Section the following
         definitions shall apply:

                  (1)               An eligible rollover distribution is any
                  distribution of all or any portion of the balance to the
                  credit of the distributees, except that an eligible rollover
                  distribution does not include: any distribution that is one of
                  a series of substantially equal periodic payments (not less
                  frequently than annually) made for the life (or life
                  expectancy) of the distributee or the joint lives (or joint
                  life expectancies) of the distributes and the distributee's
                  designated beneficiary, or for a specified period of ten years
                  or more; any distribution to the extent such distribution is
                  required under Code Section 401(a)(9); the portion of any
                  other distribution that is not includible in gross income
                  (determined without regard to the exclusion for net unrealized
                  appreciation with respect to employer securities); any
                  hardship distribution described in Code Section
                  401(k)(2)(B)(i)(IV); and any other distribution that is
                  reasonably expected to total less than $200 during a year.

                                       49
<PAGE>

                  (2)               An eligible retirement plan is an individual
                  retirement account described in Code Section 408(a), an
                  individual retirement annuity described in Code Section
                  408(b), an annuity plan described in Code Section 403(a), or a
                  qualified trust described in Code Section 401(a), that accepts
                  the distributee's eligible rollover distribution. However, in
                  the case of an eligible rollover distribution to the surviving
                  spouse, an eligible retirement plan is an individual
                  retirement account or individual retirement annuity.

                  (3)               A distributes includes an Employee or former
                  Employee. In addition, the Employee's or former Employee's
                  surviving spouse and the Employee's or former Employee's
                  spouse or former spouse who is the alternate payee under a
                  qualified domestic relations order, as defined in Code Section
                  414(p), are distributees with regard to the interest of the
                  spouse or former spouse.

                  (4)               A direct rollover is a payment by the Plan
                  to the eligible retirement plan specified by the distributes.

         6.14     ELIMINATION OF LOOKBACK RULE

         Notwithstanding anything in this Article to the contrary, the "lookback
rule" (the "lookback rule" provides that for purposes of determining whether a
distribution may be made without consent, if the value at the time of a prior
distribution exceeded the applicable dollar threshold (e.g., $5,000) then the
value at any subsequent time is deemed to exceed the threshold) will not apply
to any distributions made on or after October 17, 2000.

                                  ARTICLE VII
                       AMENDMENT, TERMINATION AND MERGERS

         7.1      AMENDMENT

                  (a)      The Employer shall have the right at any time to
         amend he Plan, subject to the limitations of this Section. However, any
         amendment which affects the rights, duties or responsibilities of the
         Trustee and Administrator, other than an amendment to remove the
         Trustee or Administrator, may only be made with the Trustee's and
         Administrator's written consent. Any such amendment shall become
         effective as provided therein upon its execution. The Trustee shall not
         be required to execute any such amendment unless the Trust provisions
         contained herein are a part of the Plan and the amendment affects the
         duties of the Trustee hereunder.

                  (b)      No amendment to the Plan shall be effective if it
         authorizes or permits any part of the Trust Fund (other than such part
         as is required to pay taxes and administration expenses) to be used for
         or diverted to any purpose other than for the exclusive benefit of the
         Participants or their Beneficiaries or estates; or causes any reduction
         in the amount credited to the account of any Participant; or causes or
         permits any portion of the Trust Fund to revert to or become property
         of the Employer.

                  (c)      Except as permitted by Regulations, no Plan amendment
         or transaction having the effect of a Plan amendment (such as a merger,
         plan transfer or similar

                                       50
<PAGE>

         transaction) shall be effective to the extent it eliminates or reduces
         any "Section 411(d)(6) protected benefit" or adds or modifies
         conditions relating to "Section 411(d)(6) protected benefits" the
         result of which is a further restriction on such benefit unless such
         protected benefits are preserved Kith respect to benefits accrued as of
         the later of the adoption date or effective date of the amendment.
         "Section 411(d)(6) protected benefits" are benefits described in Code
         Section 411(d)(6)(A), early retirement benefits and retirement-type
         subsidies, and optional forms of benefit.

         7.2      TERMINATION

                  (a)      The Employer shall have the right at any time to
         terminate the Plan by delivering to the Trustee and Administrator
         written notice of such termination. Upon any full or partial
         termination, all amounts credited to the affected Participants'
         Combined Accounts shall become 100% Vested as provided in Section 6.4
         and shall not thereafter be subject to forfeiture, and all unallocated
         amounts shall be allocated to the accounts of all Participants in
         accordance with the provisions hereof.

                  (b)      Upon the full termination of the Plan, the Employer
         shall direct the distribution of the assets of the Trust Fund to
         Participants in a manner which is consistent with and satisfies the
         provisions of Section 6.5. Distributions to a Participant shall be made
         in cash or in property or through the purchase of irrevocable
         nontransferable deferred commitments from an insurer. Except as
         permitted by Regulations, the termination of the Plan shall not result
         in the reduction of "Section 411(d)(6) protected benefits" in
         accordance wit Section 7.1 (c).

         7.3      MERGER OR CONSOLIDATION

         This Plan may be merged or consolidated with, or its assets and/or
liabilities may be transferred to any other plan and trust only if the benefits
which would be received by a Participant of this Plan, in the event of a
termination of the plan immediately after such transfer, merger or
consolidation, are at least equal to the benefits the Participant would have
received if the Plan had terminated immediately before the transfer, merger or
consolidation, and such transfer, merger or consolidation does not otherwise
result in the elimination or reduction of any "Section 411(d)(6) protected
benefits" in accordance with Section 7.1(c).

                                  ARTICLE VIII
                                    TOP HEAVY

         8.1      TOP HEAVY PLAN REQUIREMENTS

         For any Top Heavy Plan Year, the Plan shall provide the special vesting
requirements of Code Section 416(b) pursuant to Section 6.4 of the Plan and the
special minimum allocation requirements of Code Section 416(c) pursuant to
Section 4.4 of the Plan.

         8.2      DETERMINATION OF TOP HEAVY STATUS

                  (a)      This Plan shall be a Top Heavy Plan for any Plan Year
         in which, as of the Determination Date, (1) the Present Value of
         Accrued Benefit, of Key Employees and

                                       51
<PAGE>

         (2) the sum of the Aggregate Accounts of Key Employees under this Plan
         and all plans of an Aggregation Group, exceeds sixty percent (60%) of
         the Present Value of Accrued Benefits and the Aggregate Accounts of all
         Key and Non-Key Employees under this Plan and all plans of an
         Aggregation Group.

         If any Participant is a Non-Key Employee for any Plan Year, but such
Participant was a Key Employee for any prior Plan Year, such Participant's
Present Value of Accrued Benefit and/or Aggregate Account balance shall not be
taken into account for purposes of determining whether this Plan is a Top Heavy
or Super Top Heavy Plan (or whether any Aggregation Group which includes this
Plan is a Top Heavy Group). In addition, if a Participant or Former Participant
has not performed any services for any Employer maintaining the Plan at any time
during the 5-year (1-year as of January 1, 2002) period ending on the
Determination Date, any accrued benefit for such Participant or Former
Participant shall not be taken into account for the purposes of determining
whether this Plan is a Top Heavy or Super Top Heavy Plan.

                  (b)      This Plan shall be a Super Top Heavy Plan for any
         Plan Year in which, as of the Determination Date, (1) the Present Value
         of Accrued Benefits of Key Employees and (2) the sum of the Aggregate
         Accounts of Key Employees under this Plan and all plans of an
         Aggregation Group, exceeds, ninety percent (90%) of the Present Value
         of Accrued Benefits and the Aggregate Accounts of all Key and Non-Key
         Employees under this Plan and all plans of an Aggregation Group.

                  (c)      Aggregate Account: A Participant's Aggregate Accounts
         of the Determination Date is the sum of:

                  (1)               his Participant's Combined Account balance
                  as of the most recent valuation occurring within a twelve (12)
                  month period ending on the Determination Date;

                  (2)               an adjustment for any contributions due as
                  of the Determination Date. Such adjustment shall be the amount
                  of any contributions actually made after the Valuation Date
                  but due on or before the Determination Date, except for the
                  first Plan Year when such adjustment shall also reflect the
                  amount of any contributions made after the Determination Date
                  that are allocated as of a date in that first Plan Year.

                  (3)               any distributions made under the Plan and
                  any plan aggregated with the Plan under Code Section 416(g)(2)
                  during the 5-year (1-year as of January 1, 2002) period ending
                  on the Determination Date. However, in the case of
                  distributions made after the Valuation Date and prior to the
                  Determination Date, such distributions are not included as
                  distributions for top heavy purposes to the extent that such
                  distributions are already included in the Participant's
                  Aggregate Account balance as of the Valuation Date.
                  Notwithstanding anything herein to the contrary, all
                  distributions, including distributions under a terminated plan
                  which if it had not been terminated would have been required
                  to be included in an Aggregation Group, will be counted.
                  Further, distributions from the Plan (including the cash value
                  of life insurance policies) of a Participant's account

                                       52
<PAGE>

                  balance because of death shall be treated as a distribution
                  for the purposes of this paragraph. Effective January 1, 2002,
                  in the case of a distribution made for a reason other than
                  separation from service, death, or permanent and total
                  disability, this provision shall be applied by substituting
                  "5-year period" for "1-year period."

                  (4)               any Employee contributions, whether
                  voluntary or mandatory. However, amounts attributable to tax
                  deductible qualified Voluntary employee contributions shall
                  not be considered to be a part of the Participant's Aggregate
                  Account balance.

                  (5)               with respect to unrelated rollovers and
                  plan-to-plan transfers (ones which are both initiated by the
                  Employee and made from a plan maintained by one employer to a
                  plan maintained by another employer), if this Plan provides
                  the rollovers or plan-to-plan transfers, it shall always
                  consider such rollovers or plan-to-plan transfers as a
                  distribution for the purposes of this Section. If this Plan is
                  the plan accepting such rollovers or plan-to-plan transfers,
                  it shall not consider such rollovers or plan-to-plan transfers
                  as part of the Participant's Aggregate Account balance.

                  (6)               with respect to related rollovers and
                  plan-to-plan transfers (ones either not initiated by the
                  Employee or made to a plan maintained by the same employer),
                  if this Plan provides the rollover or plan-to-plan transfer,
                  it shall not be counted as a distribution for purposes of this
                  Section. If this Plan is the plan accepting such rollover or
                  plan-to-plan transfer, it shall consider such rollover or
                  plan-to-plan transfer as part of the Participant's Aggregate
                  Account balance, irrespective of the date on which such
                  rollover or plan-to-plan transfer is accepted.

                  (7)               For the purposes of determining whether two
                  employers are to be treated as the same employer in (5) and
                  (6) above, all employers aggregated under Code Section 414(b),
                  (c), (m) and (o) are treated as the same employer.

                  (d)      "Aggregation Group" means either a Required
         Aggregation Group or a Permissive Aggregation Group as hereinafter
         determined.

                  (1)               Required Aggregation Group: In determining a
                  Required Aggregation Group hereunder, each plan of the
                  Employer in which a Key Employee is a participant in the Plan
                  Year containing the Determination Date or any of the four
                  preceding Plan Years, and each other plan of the Employer
                  which enables any plan in which a Key Employee participates to
                  meet the requirements of Code Sections 401(a)(4) or 410 will
                  be required to be aggregated. Such group shall be known as a
                  Required Aggregation Group.

                  In the case of a Required Aggregation Group, each plan in the
                  group will be considered a Top Heavy Plan if the Required
                  Aggregation Group is a Top Heavy Group. No plan in the
                  Required Aggregation Group will be considered a Top Heavy Plan
                  if the Required Aggregation Group is not a Top Heavy Group.

                                       53
<PAGE>

                  (2)               Permissive Aggregation Group: The Employer
                  may also include any other plan not required to be included in
                  the Required Aggregation Group, provided the resulting group,
                  taken as a whole, would continue to satisfy the provisions of
                  Code Sections 401(a)(4) and 410. Such group shall be known as
                  a Permissive Aggregation Group.

                  In the case of a Permissive Aggregation Group, only a plan
                  that s part of the Required Aggregation Group will be
                  considered a Top Heavy Plan if the Permissive Aggregation
                  Group is a Top Heavy Group. No plan in the Permissive
                  Aggregation Group will be considered a Top Heavy Plan if the
                  Permissive Aggregation Group is not a Top Heavy Group.

                  (3)               Only those plans of the Employer in which
                  the Determination Dates fall within the same calendar year
                  shall be aggregated in order to determine whether such plans
                  are Top Heavy Plans.

                  (4)               An Aggregation Group shall include any
                  terminated plan of the Employer if it was maintained within
                  the last five (5) years ending on the Determination Date.

                  (e)      "Determination Date" means (a) the last day of the
         preceding Plan Year, or (b) in the case of the first Plan Year, the
         last day of such Plan Year.

                  (f)      Present Value of Accrued Benefit: In the case of a
         defined benefit plan, the Present Value of Accrued Benefit for a
         Participant other than a Key Employee, shall be as determined using the
         single accrual method used for all plans of the Employer and Affiliated
         Employers, or if no such single method exists, using a method which
         results in benefits accruing not more rapidly than the slowest accrual
         rate permitted under Code Section 411(b)(1)(C). The determination of
         the Present Value of Accrued Benefit shall be determined as of the most
         recent Valuation Date that falls within or ends with the 12-month
         period ending on the Determination Date except as provided in Code
         Section 416 and the Regulations thereunder for the first and second
         plan years of a defined benefit plan.

                  (g)      "Top Heavy Group" means an Aggregation Group in
         which, as of the Determination Date, the sum of:

                  (1)               the Present Value of Accrued Benefits of Key
                  Employees under all defined benefit plans included in the
                  group, and

                  (2)               the Aggregate Accounts of Key Employees
                  under all defined contribution plans included in the group,

                  exceeds sixty percent (60%) of a similar sum determined for
                  all Participants.

                                       54
<PAGE>

                                   ARTICLE IX
                                  MISCELLANEOUS

         9.1      PARTICIPANT'S RIGHTS

         This Plan shall not be deemed to constitute a contract between the
         Employer and any Participant or to be a consideration or an inducement
         for the employment of any Participant or Employee. Nothing contained in
         this Plan shall be deemed to give any Participant or Employee the right
         to be retained in the service of the Employer or to interfere with the
         right of the Employer to discharge any Participant or Employee at any
         time regardless of the effect which such discharge shall have upon him
         as a Participant of this Plan.

         9.2      ALIENATION

                  (a)      Subject to the exceptions provided below, no benefit
         which shall be payable out of the Trust Fund to any person (including a
         Participant or his Beneficiary) shall be subject in any manner to
         anticipation, alienation, sale, transfer, assignment, pledge,
         encumbrance, or charge, and any attempt to anticipate, alienate, sell,
         transfer, assign, pledge, encumber, or charge the same shall be void;
         and no such benefit shall in any manner be liable for, or subject to,
         the debts, contracts, liabilities, engagements, or torts of any such
         person, nor shall it be subject to attachment or legal process for or
         against such person, and the same shall not be recognized by the
         Trustee, except to such extent as may be required by law.

                  (b)      This provision shall not apply to a "qualified
         domestic relations order" defined in Code Section 414(p), and those
         other domestic relations orders permitted to be so treated by the
         Administrator under the provisions of the Retirement Equity Act of
         1984. The Administrator shall establish a written procedure to
         determine the qualified status of domestic relations orders and to
         administer distributions under such qualified orders. Further, to the
         extent provided under a "qualified domestic relations order," a former
         spouse of a Participant shall be treated as the spouse or surviving
         spouse for all purposes under the Plan.

         9.3      CONSTRUCTION OF PLAN

         This Plan shall be construed and enforced according to the Act and[ the
laws of the State of Georgia, other than its laws respecting choice of law, to
the extent not preempted by the Act.

         9.4      GENDER AND NUMBER

         Wherever any words are used herein in the masculine, feminine or neuter
gender, they shall be construed as though they were also used in another gender
in all cases where they would so apply, and whenever any words are used herein
in the singular or plural form, they shall be construed as though they were also
used in the other form in all cases where they would so apply.

                                       55
<PAGE>

         9.5      LEGAL ACTION

         In the event any claim, suit, or proceeding is brought regarding the
Trust and/or Plan established hereunder to which the Trustee, the Employer or
the Administrator may be a party, and such claim, suit, or proceeding is
resolved in favor of the Trustee, the Employer or the Administrator, they shall
be entitled to be reimbursed from the Trust Fund for any and all costs,
attorney's fees, and other expenses pertaining thereto incurred by them for
which they shall have become liable.

         9.6      PROHIBITION AGAINST DIVERSION OF FUNDS

                  (a)      Except as provided below and otherwise specifically
         permitted by law, it shall be impossible by operation of the Plan or of
         the Trust, by termination of either, by power of revocation or
         amendment, by the happening; of any contingency, by collateral
         arrangement or by any other means, for any part of the corpus or income
         of any trust fund maintained pursuant to the Plan or any funds
         contributed thereto to be used for, or diverted to, purposes other than
         the exclusive benefit of Participants, Retired Participants, or their
         Beneficiaries.

                  (b)      In the event the Employer shall make an excessive
         contribution under a mistake of fact pursuant to Act Section
         403(c)(2)(A), the Employer may demand repayment of such excessive
         contribution at any time within one (1) year following the time of
         payment and the Trustees shall return such amount to the Employer
         within the one (1) year period. Earnings of the Plan attributable to
         the excess contributions may not be returned to the Employer but at
         losses attributable thereto must reduce the amount so returned.

         9.7      BONDING

         Every Fiduciary, except a bank or an insurance company, unless exempted
by the Act and regulations thereunder, shall be bonded in an amount not less
than 10% of the amount of the funds such Fiduciary handles; provided, however,
that the minimum bond shall be $1,000 and the maximum bond, $500,000. The amount
of funds handled shall be determined at the beginning of each Plan Year by the
amount of funds handled by such person, group, or class to be covered and their
predecessors, if any, during the preceding Plan Year, or if there is no
preceding Plan Year, then by the amount of the funds to be handled during the
then current year. The bond shall provide protection to the Plan against any
loss by reason of acts of fraud or dishonesty by the Fiduciary alone or in
connivance with others. The surety shall be a corporate surety company (as such
term is used in Act Section 412(a)(2)), and the bond shall be in a form approved
by the Secretary of Labor. Notwithstanding anything in the Plan to the contrary,
the cost of such bonds shall be an expense of and may, at the election of the
Administrator, be paid from the Trust Fund or by the Employer.

         9.8      EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE

         Neither the Employer, the Administrator, nor the Trustee, nor their
successors shall be responsible for the validity of any Contract issued
hereunder or for the failure on the part of the

                                       56
<PAGE>

insurer to make payments provided by any such Contract, or for the action of any
person which may delay payment or render a Contract null and void or
unenforceable in whole or in part.

         9.9      INSURER'S PROTECTIVE CLAUSE

         Any insurer who shall issue Contracts hereunder shall not have arty
responsibility for the validity of this Plan or for the tax or legal aspects of
this Plan. The insurer shall be protected and held harmless in acting in
accordance with any written direction of the Trustee, and shall have no duty to
see to the application of any funds paid to the Trustee, nor be required to
question any actions directed by the Trustee. Regardless of any provision of
this Plan, the insurer shall not be required to take or permit any action or
allow any benefit or privilege contrary to the terms of any Contract which it
issues hereunder, or the rules of the insurer.

         9.10     RECEIPT AND RELEASE FOR PAYMENTS

         Any payment to any Participant, his legal representative, Beneficiary,
or to any guardian or committee appointed for such Participant or Beneficiary in
accordance with the provisions of the Plan, shall, to the extent thereof, be in
full satisfaction of all claims hereunder against the Trustee and the Employer,
either of whom may require such Participant, legal representative, Beneficiary,
guardian or committee, as a condition precedent to such payment, to execute a
receipt and release thereof in such form as shall be determined by the Trustee
or Employer.

         9.11     ACTION BY THE EMPLOYER

         Whenever the Employer under the terms of the Plan is permitted or
required to do or perform any act or matter or thing, it shall be done and
performed by a person duly authorized by its legally constituted authority.

         9.12     NAMED FIDUCIARIES AND ALLOCATION OF RESPONSIBILITY

         The "named Fiduciaries" of this Plan are (1) the Employer, (2) the,
Administrator and (3) the Trustee. The named Fiduciaries shall have only those
specific power, duties, responsibilities, and obligations as are specifically
given them under the Plan or as accepted by or assigned to them pursuant to any
procedure provided under the Plan, including but not limited to any agreement
allocating or delegating their responsibilities, the terms of which are
incorporated herein by reference. In general, unless otherwise indicated herein
or pursuant to such agreements, the Employer shall have the duties specified in
Article 11 hereof, as the same may be allocated or delegated thereunder,
including but not limited to the responsibility for making the contributions
provided for under Section 4.1; and shall have the authority to appoint and
remove the Trustee and the Administrator; to formulate the Plan's "funding
policy and method"; and to amend or terminate, in whole or in part, the Plan.
The Administrator shall have the responsibility for the administration of the
Plan, including but not limited to the items specified in Article 11 of the
Plan, as the same may be allocated or delegated thereunder. The Administrator
shall act as the named Fiduciary responsible for communicating with the
Participant according to the Participant Direction Procedures. The Trustee shall
have the responsibility of management and control of the assets held under the
Trust, except to the extent directed pursuant to Article 11 or with respect to
those assets, the management of which has been assigned to an Investment
Manager, who shall be solely responsible for the management of the

                                       57
<PAGE>

assets assigned to it, all as specifically provided in the Plan and any
agreement with the: Trustee. Each named Fiduciary warrants that any directions
given, information furnished. or action taken by it shall be in accordance with
the provisions of the Plan, authorizing or providing for such direction,
information or action. Furthermore, each named Fiduciary may rely upon any such
direction, information or action of another named Fiduciary as being proper
under the Plan, and is not required under the Plan to inquire into the propriety
of any such direction, information or action. It is intended under the Plan that
each named Fiduciary shall be responsible for the proper exercise of its own
powers, duties, responsibilities and obligations under the Plan as specified or
allocated herein. No named Fiduciary shall guarantee the Trust Fund in any
manner against investment loss or depreciation in asset value. Any person or
group may serve in more than one Fiduciary capacity. In the furtherance of their
responsibilities hereunder, the "named Fiduciaries" shall be empowered to
interpret the Plan and Trust and to resolve ambiguities, inconsistencies and
omissions, which findings shall be binding, final and conclusive.

         9.13     HEADINGS

         The headings and subheadings of this Plan have been inserted for
convenience of reference and are to be ignored in any construction of the
provisions hereof.

         9.14     APPROVAL BY INTERNAL REVENUE SERVICE

                  (a)      Notwithstanding anything herein to the contrary,
         contributions to this Plan are conditioned upon the initial
         qualification of the Plan under Code Section 401. If the Plan receives
         an adverse determination with respect to its initial qualification,
         then the Plan may return such contributions to the Employer within one
         year after such determination, provided the application for the
         determination is made by the time prescribed by law for filing the
         Employer's return for the taxable year in which the Plan was adopted,
         or such later date as the Secretary of the Treasury may prescribe.

                  (b)      Notwithstanding any provisions to the contrary,
         except Sections 3.5, 3.6, and 4.1(d), any contribution by the Employer
         to the Trust Fund is conditioned upon the deductibility of the
         contribution by the Employer tinder the Code and, to the extent any
         such deduction is disallowed, the Employer may, within one (1) year
         following the disallowance of the deduction, demand repayment of such
         disallowed contribution and the Trustee shall return such contribution
         within one (1) year following the disallowance. Earnings of the Plan
         attributable to the excess contribution may not be returned to the
         Employer, but any losses attributable thereto must reduce the amount so
         returned.

         9.15     UNIFORMITY

         All provisions of this Plan shall be interpreted and applied in a
uniform, nondiscriminatory manner. In the event of any conflict between the
terms of this Plan and any Contract purchased hereunder, the Plan provisions
shall control.

                                       58
<PAGE>

         IN WITNESS WHEREOF, this Plan has been executed the day and year first
above written.

                                     HAVERTY FURNITURE COMPANIES, INC.

                                     By
                                       ----------------------------------------
                                      EMPLOYER

                                     ATTEST

                                       59

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]