Document:

Exhibit 10(j)  

Viacom Inc.

2000 Stock Option Plan for Outside Directors

(As Amended as of January 31, 2001 and October 10, 2002)  

ARTICLE I  

General  

Section 1.1
    Purpose.    

The
purpose of the Viacom Inc. 2000 Stock Option Plan for Outside Directors (the "Plan") is to benefit and advance the interests of Viacom Inc., a Delaware corporation (the "Company"),
and its subsidiaries by obtaining and retaining the services of qualified persons who are not employees of the Company or National Amusements, Inc. or their subsidiaries to serve as directors
and to induce them to make a maximum contribution to the success of the Company and its subsidiaries. The Plan replaces the Viacom Inc. Stock Option Plan for Outside Directors and the
Viacom Inc. 1994 Stock Option Plan for Outside Directors (the "Predecessor Plans"). From and after the Effective Date of the Plan as provided in Article VI below, no further awards shall
be made under the Predecessor Plans. 

Section 1.2    Definitions.    

As
used in the Plan, the following terms shall have the following meanings: 

(a)    "Board"
shall mean the Board of Directors of the Company. 

(b)    "Class B
Common Stock" shall mean the shares of Class B Common Stock, par value $0.01 per share, of the Company. 

(c)    "Date
of Grant" shall have the meaning set forth in Section 2.1. 

(d)    "Effective
Date" shall mean the effective date of the Plan provided for in Article VI below. 

(e)    "Exchange
Act" shall mean the Securities Exchange Act of 1934, as amended, including any successor law thereto. 

(f)    "Fair
Market Value" of a share of Class B Common Stock on a given date shall be the closing price on such date on the New York Stock Exchange or other principal stock exchange
on which the Class B Common Stock is then listed, as reported by the Fitch Group Daily Market Publications or, if there is no such report or the Company no longer subscribes to such
publication, the 4:00 p.m. (New York time) closing price as reported by The Wall Street Journal (Northeast edition) or any other authoritative source selected by the Company. 

(g)    "Outside
Director" shall mean any member of the Board of Directors of the Company who is not an employee of the Company or National Amusements, Inc. or any of their respective
subsidiaries or a member of the immediate family of a member of the Board who is an employee of any of such companies. 

(h)    "Participant"
shall mean any Outside Director to whom Stock Options have been granted under the Plan. 

(i)    "Predecessor
Plans" shall have the meaning set forth in Section 1.1 above. 

(j)    "Stock
Option" shall mean a contractual right granted to a Participant under the Plan to purchase shares of Class B Common Stock or other securities at such time and price, and
subject to the terms and conditions, as are set forth in the Plan. 

 

Section 1.3    Administration of the Plan.    

The
Plan shall be administered by the members of the Board who are not Outside Directors. All questions of interpretation, administration and application of the Plan shall be determined by the Board.
The Board may authorize any officer of the Company to execute and deliver a stock option certificate on behalf of the Company to a Participant. 

Section 1.4    Eligible Persons.    

Stock
Options shall be granted only to Outside Directors. 

Section 1.5    Class B Common Stock Subject to the Plan.    

Subject
to adjustment in accordance with the provisions of Article III hereof, the maximum number of shares of Class B Common Stock which may be issued under the Plan shall be 1,000,000
shares. The shares of Class B Common Stock shall be made available from authorized but unissued Class B Common Stock or from Class B Common Stock issued and held in the treasury
of the Company. Exercise of Stock Options in any manner shall result in a decrease in the number of shares of Class B Common Stock which thereafter may be issued for purposes of this
Section 1.5, by the number of shares as to which the Stock Options are exercised. Shares of Class B Common Stock with respect to which Stock Options expire or are cancelled without being
exercised or are otherwise terminated, may be regranted under the Plan. 

ARTICLE II  

Provisions applicable to stock options  

Section 2.1    Grants of Stock Options.    

Each
person who becomes a director for the first time on or subsequent to the Effective Date and, at the time such person is first elected or appointed to the Board, is an Outside Director, shall be
granted Stock Options to purchase 10,000 shares of Class B Common Stock, effective as of the date of such individual's election or appointment to the Board (the "Date of Grant" of such Stock
Options), on the terms and conditions set forth in the Plan, at an option price per share equal to the Fair Market Value of a share of Class B Common Stock on the Date of Grant or, if the Date
of the Grant is not a business day on which the Fair Market Value can be determined, on the last business day preceding the Date of Grant on which the Fair Market Value can be determined. Each person
who is an Outside Director on August 1, 2000, January 31, 2001 and each January 31st thereafter through and including January 31, 2010 (each, the "Date of
Grant" of the respective Stock Options) shall be granted additional Stock Options to purchase 3,000 shares of Class B Common Stock, on the terms and conditions set forth in the Plan, at an
option price per share equal to the Fair Market Value of a share of Class B Common Stock on the Date of Grant or, if the Date of Grant is not a business day on which the Fair Market Value can
be determined, on the last business day preceding the Date of Grant on which the Fair Market Value can be determined. All Stock Options granted under the Plan shall be "Non-Qualified Stock
Options" which do not meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended. The terms and conditions of the Stock Options shall be set forth in an option
certificate which shall be delivered to the Participant reasonably promptly following the Date of Grant of such Stock Options. 

Section 2.2    Exercise of Stock Options.    

(a)    Exercisability.    Stock Options shall be exercisable only to the extent the Participant is vested therein. Each grant of
Stock Options under the Plan shall vest on the first anniversary of the Date of Grant of such Stock Options provided that the holder of such Stock Options is a director of the Company on such date. 

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(b)    Option Period.    

(i)    Latest Exercise Date.    No Stock Option granted under the Plan shall be exercisable after the tenth anniversary of the Date
of Grant thereof. 

(ii)    Registration Restrictions.    Any attempt to exercise a Stock Option or to transfer any shares issued upon exercise of a
Stock Option by any Participants shall be void and of no effect, unless and until (A) a registration statement under the Securities Act of 1933, as amended, has been duly filed and declared
effective pertaining to the shares of Class B Common Stock subject to such Stock Option, and the shares of Class B Common Stock subject to such Stock Option have been duly qualified
under applicable federal or state securities or blue sky laws or (B) the Board, in its sole discretion, determines, or the Participant desiring to exercise such Stock Options, upon the request
of the Board, provides an opinion of counsel satisfactory to the Board, that such registration or qualification is not required as a result of the availability of any exemption from registration or
qualification under such laws. Without limiting the foregoing, if at any time the Board shall determine, in its sole discretion, that the listing, registration or qualification of the shares of
Class B Common Stock under any federal or state law or on any securities exchange or the consent or approval of any governmental regulatory body is necessary or desirable as a condition of, or
in connection with, delivery or purchase of such shares pursuant to the exercise of a Stock Option, such Stock Option shall not be exercised in whole or in part unless and until such listing,
registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Board. 

(c)    Exercise in the Event of Termination of Services.    

(i)    Termination other than for Death or Disability.    If the services of a Participant as a director of the Company terminate
for any reason other than for death or disability, the Participant may exercise his or her Stock Options until the first anniversary of the date of such termination, but only to the extent such Stock
Options were vested on the termination date. Upon a termination described in this Section 2.2(c)(i), the Participant shall relinquish all rights with respect to Stock Options that are not
vested as of such termination date. 

(ii)    Death.    If a Participant dies while serving as a director, his or her Stock Options may be exercised until the first
anniversary of the date of death, but only to the extent such Stock Options were vested on the date of death, by any person who acquired the right to exercise such Stock Options by will or the laws of
descent and distribution. All rights with respect to Stock Options that are not vested as of the date of death will terminate on such date of death. 

(iii)    Permanent Disability.    If the services of Participant as a director of the Company terminate by reason of permanent
disability, the Participant may exercise his or her Stock Options until the first anniversary of the date of such termination, but only to the extent such Stock Options were vested on the
termination date. Upon a termination described in this Section 2.2(c)(iii), the Participant shall relinquish all rights with respect to Stock Options that are not vested as of such termination
date. 

(d)    Payment of Purchase Price Upon Exercise.    Every share of Class B Common Stock purchased through the exercise of a
Stock Option shall be paid for in full in cash (e.g., personal bank check, certified check or official bank check) on or before the settlement date for
such share of Class B Common Stock. In addition, the Participants shall make an arrangement acceptable to the Company to pay to the Company an amount sufficient to satisfy the combined federal,
state and local withholding tax obligations which arise in connection with exercise of such Stock Options. 

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ARTICLE III  

Effect of Certain Corporate Changes  

In the event of any merger, consolidation, stock-split, dividend, distribution, combination, recapitalization or reclassification that changes the character or amount of the
Class B Common Stock or any other changes in the corporate structure, equity securities or capital structure of the Company, the Board shall make such proportionate adjustments to
(i) the number and kind of securities subject to any Stock Options, (ii) the exercise price of any Stock Options, (iii) the number and kind of securities subject to the initial
grants and the annual grants referred to in Section 2.1, and (iv) the maximum number and kind of securities referred to in Section 1.5 available for issuance under the Plan, in
each case, as it deems appropriate. The Board may, in its sole discretion, also make such other adjustments as it deems appropriate in order to preserve, but not increase, the benefits or potential
benefits intended to be made available hereunder upon the occurrence of any of the foregoing events. The Board's determination as to what, if any, adjustments shall be made shall be final and binding
on the Company and all Participants. 

ARTICLE IV  

Miscellaneous  

Section 4.1    No Right to Re-election.    

Nothing
in the Plan shall be deemed to create any obligation on the part of the Board to nominate any of its members for re-election by the Company's stockholders, nor confer upon any
Participant the right to remain a member of the Board for any period of time, or at any particular rate of compensation. 

Section 4.2    Restriction on Transfer.    

The
rights of a Participant with respect to the Stock Options shall not be transferable by the Participant to whom such Stock Options are granted, except by will or the laws of descent and
distribution. 

Section 4.3    Stockholder Rights.    

No
grant of Stock Options under the Plan shall entitle a Participant to any rights of a holder of shares of Class B Common Stock, except upon the delivery of share certificates to a Participant
upon exercise of a Stock Option. 

Section 4.4    No Restriction on Right of Company to Effect Corporate Changes.    

The
Plan shall not affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the
Company's capital structure or its business, or any merger or consolidation of the Company, or any issue of stock or of options, warrants or rights to purchase stock or of bonds, debentures, preferred
or prior preference stocks whose rights are superior to or affect the Class B Common Stock or the rights thereof or which are convertible into or exchangeable for Class B Common Stock,
or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or
otherwise. 

Section 4.5    Exercise Periods Following Termination of Services.    

For
the purposes of determining the dates on which Stock Options may be exercised following a termination of services or the death or disability of a Participant, the day following the date of such
event shall be the first day of the exercise period and the Stock Options may be exercised up to and including the last business day falling within the exercise period. Thus, if the last day of the
exercise period is not a business day, then the last date the Stock Options may be exercised is the last business day preceding the end of the exercise period. 

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Section 4.6    Headings.    

The
headings of articles and sections herein are included solely for convenience of reference and shall not affect the meaning of any of the provisions of the Plan. 

Section 4.7    Governing Law.    

The
Plan and all rights hereunder shall be construed in accordance with and governed by the laws of the State of Delaware. 

ARTICLE V  

Amendment and Termination  

The Board may at any time and from time to time alter, amend, suspend or terminate the Plan in whole or in part, including, without limitation, to amend the provisions for
determining the amount of Stock Options to be issued to an Outside Director, provided, however, that any amendment which under the requirements of
applicable law or under the rules of the New York Stock Exchange or other principal stock exchange on which the Class B Common Stock is then listed must be approved by the stockholders of the
Company shall not be effective unless and until such stockholder approval has been obtained in compliance with such law or rule; and no termination, suspension, alteration or amendment of the Plan
that would adversely affect a Participant's rights under the Plan with respect to any award of Stock Options made prior to such action shall be effective as to such Participant unless he or she
consents thereto. 

ARTICLE VI  

Effective Date and Stockholder Approval  

The Effective Date of the Plan shall be May 25, 2000 and stockholder approval shall be sought at the first annual meeting of stockholders following such date. In the
event that stockholder approval is not obtained on or before the date of such annual meeting, the Plan and all grants hereunder shall be void ab initio
and of no effect. No Stock Option shall be exercisable until the date of such stockholder approval. Unless earlier terminated in accordance with Article V above, the Plan shall terminate on the
tenth anniversary of the Effective Date, and no further Stock Options may be granted hereunder after such date. Assuming the Plan is approved by the stockholders of the Company, no further awards
shall be made under the Predecessor Plans after the Effective Date. Awards outstanding under the Predecessor Plans shall remain outstanding after the Effective Date subject to the terms thereof. 

5EXHIBIT 10(k)  

VIACOM

EXCESS 401(k) PLAN

EFFECTIVE APRIL 1, 1984

RESTATED AS OF DECEMBER 1, 1999

AMENDED EFFECTIVE JANUARY 1, 2002

FURTHER AMENDED EFFECTIVE AUGUST 28, 2002  

Section 1.    Establishment and Purpose of the Plan.  

1.1    Establishment.    There is hereby established for the benefit of Participants an unfunded plan of voluntarily deferred
compensation known as the Viacom Excess 401(k) Plan. Any Eligible Employee who is identified by the Company on or after August 28, 2002 as a reporting person for purposes of
Section 16(b) of the Securities Act of 1934 ("Reporting Employee") shall no longer be eligible to participate in this Plan, and shall instead be eligible to participate in the Viacom Excess
401(k) Plan for Designated Senior Executives. Except as provided to the contrary herein, any elections and deferrals made under the Plan by a Reporting Employee prior to the date he is identified as a
Reporting Employee shall remain in full force and effect. 

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

Section 2.    Definitions.  

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

2.1    Account.    The term "Account" shall mean a Participant's individual account, as described in Section 5 of the Plan. 

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

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

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

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

2.6    Compensation.    The term "Compensation" means an Eligible Employee's annual compensation as defined in the Viacom 401(k)
Plan with the following modifications: (i) the limitations imposed by Internal Revenue Code §401(a)(17) shall not be taken into account, and (ii) Bonuses earned for calendar
years prior to January 1, 2002 shall not be excluded. 

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

 

became an Eligible Employee. In no event shall any Reporting Employee be considered an Eligible Employee under the Plan on or after August 28, 2002. 

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

2.9    Employer Match.    The term "Employer Match" means the amounts credited to a Participant's Account with respect to a
Participant's Excess Salary Reduction Contributions and Excess Bonus Deferral Contributions, calculated using the rate of matching contributions under the Viacom 401(k) Plan in effect at the time such
Plan contributions are made. Effective January 1, 2002 for all Bonuses earned for calendar years beginning after December 31, 2001, Excess Bonus Deferral Contributions shall not be
credited with an Employer Match. 

2.10    Excess Bonus Deferral Contributions.    For all Bonuses earned for calendar years prior to January 1, 2002, the term
"Excess Bonus Deferral Contributions" means the portion of the Participant's Compensation attributable to a Bonus that he elects to defer under the terms of this Plan. Effective August 28, 2002
for all Bonuses earned on or after January 1, 2002, the Plan shall no longer provide for Excess Bonus Deferral Contributions. Any Bonus Deferral Contribution election made under this Plan for
the Bonus earned for the calendar year 2002 shall be deemed to have been made under, and be recognized by, the Viacom Bonus Deferral Plan, or the Viacom Bonus Deferral Plan for Designated Senior
Executives, as appropriate. 

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

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

2.13    Joint Payment Option.    The term "Joint Payment Option" means, in accordance with Section 5.2, (i) any
payment option election made by a Participant in effect in this Plan immediately prior to August 28, 2002, and (ii) any payment option election made on or after August 28, 2002. A
Joint Payment
Option shall apply to all amounts credited to the Participant's Account in this Plan and his account in the Viacom Bonus Deferral Plan, as well as any similar plan applicable to Reporting Employees. 

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

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

2.16    Plan.    The term "Plan" means the Viacom Excess 401(k) Plan as set forth herein, as amended from time to time. 

Section 3.    Participation.  

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

3.2    Election to Participate.    

        (a)
An Eligible Employee must elect to participate in the Plan. An Eligible Employee may elect, at any time after becoming eligible, to begin participation and to commence making Excess 

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Salary Reduction Contributions during the Plan Year by filing an election with the Committee in accordance with this Section 3 and the rules and regulations established by the Committee. Such
election will be effective on a prospective basis beginning with the payroll period that occurs as soon as administratively practicable following receipt of the election by the Committee. 

        (b)
For Bonuses earned for calendar years prior to January 1, 2002, an Eligible Employee could elect within 30 days of the date he became an Eligible Employee to make an
Excess Bonus Deferral Contribution with respect to any Bonus scheduled to be paid in the next succeeding calendar year.
Prior to December 31 of each Plan Year, an Eligible Employee could elect to make an Excess Bonus Deferral Contribution with respect to any Bonus scheduled to be paid in the second succeeding
calendar year. For example, prior to December 31, 1999 an Eligible Employee could make an Excess Bonus Deferral Contribution election with respect to any cash bonus scheduled to be paid in 2001
under the Viacom Inc. Short-Term Incentive Plan. 

3.3    Amendment or Suspension of Election.    Participants may change (including, suspend) their existing Excess Salary Reduction
Contribution election under this Plan during the Plan Year by filing a new election in accordance with the prescribed administrative guidelines. Such new election will be effective on a prospective
basis beginning with the payroll period that occurs as soon as administratively practicable following receipt of the election by the Committee. A Participant will not be permitted to make up suspended
Excess Salary Reduction Contributions, and during any period in which a Participant's Excess Salary Reduction Contributions are suspended, the Employer Match to the Plan will also be suspended. Any
Excess Bonus Deferral Contribution election is irrevocable once made and is invalid if made beyond the dates prescribed in paragraph 3.2. 

3.4    Amount of Elections.    

        (a)
Each election filed by an Eligible Employee must specify the amount of Excess Salary Reduction Contributions in a whole percentage between 1% and 15% of the Participants'
Compensation, excluding any Bonus. 

        (b)
For all Bonuses earned for calendar years prior to January 1, 2002, each Bonus Deferral election filed by an Eligible Employee must have specified the amount of Excess Bonus
Deferral Contribution in a whole percentage between 1% and 15% of the Participant's applicable Bonus. 

        (c)
For Eligible Employees as of December 31, 1995, Compensation for Plan Year 1997 subject to Excess Salary Reduction Contributions and Excess Bonus Deferral Contributions shall
not exceed the greater of (i) $750,000, or (ii) such Eligible Employee's compensation, as determined by the Committee, for the 1995 Plan Year. For employees who become Eligible Employees
in 1996 or 1997, Compensation for Plan Years 1996 and 1997, if applicable, subject to Excess Salary Reduction Contributions and Excess Bonus Deferral Contributions shall not exceed $750,000. 

Section 4.    Employer Match.  

An Employer Match will be credited approximately every two weeks to a Participant's Account with respect to the eligible portion of Excess Salary Reduction Contributions and,
for Bonuses earned for calendar years beginning prior to January 1, 2002, Excess Bonus Deferral Contributions, of such Participant. The eligible portion of a Participant's Excess Salary
Reduction Contributions and the eligible portion of a Participant's Excess Bonus Deferral Contribution shall be limited to 5% of each
contribution. For employees who become eligible in 1996 and subsequent years, the eligible portion of a Participant's Excess Salary Reduction Contributions and the eligible portion of a Participant's
the Excess Bonus Deferral Contribution shall be based on Compensation up to an annual maximum amount of $750,000. For Eligible Employees as of December 31, 1995, the eligible portion of such
Participant's Excess Salary Reduction Contributions and the eligible portion of such Participant's Excess 

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Bonus Deferral Contribution for the 1997 Plan Year and each subsequent year shall be based on Compensation up to an annual maximum equal to the greater of (i) $750,000 or (ii) such
Eligible Employee's compensation, as determined by the Committee, for the 1995 Plan Year. 

Section 5.    Individual Account.  

5.1    Creation of Accounts.    The Company will maintain an Account in the name of each Participant. Each Participant's Account
will be credited with the amount of the Participant's (i) Excess Salary Reduction Contributions, (ii) Excess Bonus Deferral Contributions for Bonuses earned for calendar years prior to
January 1, 2002 and (iii) Employer Match, if any, made in all Plan Years. 

5.2    Joint Payment Account Option Election.    

        (a)
Any Joint Payment Option defined in Section 2.13(i) shall continue to apply until changed by the Participant in accordance with this Section 5. 

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

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

        Example
1:    If a Participant elects (or is deemed to elect) a Joint Payment Option that provides for a lump sum payment and terminates employment in 2002, such lump sum shall
be paid on or about January 31, 2003. A Participant alternatively could designate January 31 of 2004, 2005, 2006 or 2007 in which to receive his lump sum. 

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

        (c)
A Participant may change his Joint Payment Option no more than three times over the course of his employment with the Company or any affiliate. A Participant may change an existing 

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Joint Payment Option only one time in any calendar year. Any change of a Participant's existing Joint Payment Option election made less than six months prior to the Participant's termination of
employment for any reason shall be null and void and the Participant's last valid Joint Payment Option shall remain in effect. 

5.3    Investments.    

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

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

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

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

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

Section 6.    Payment.  

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

Section 7.    Nature of Interest of Participant.  

Participation in this Plan will not create, in favor of any Participant, any right or lien in or against any of the assets of the Company or any Employer, and all amounts of
Compensation deferred here under shall at all times remain an unrestricted asset of the Company or the Employer. A Participant's rights to benefits payable under the Plan are not subject in any manner
to anticipation, alienation, sale, 

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transfer, assignment, pledge, or encumbrance. All payments hereunder shall be paid in cash from the general funds of the Company or applicable Employer and no special or separate fund shall be
established and no other segregation of assets shall be made to assure the payment of benefits hereunder. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create
or be construed to create a trust of any kind, or a fiduciary relationship, between any Employer and a Participant or any other person, and the Company's and each Employer's promise to pay benefits
hereunder shall at all times remain unfunded as to the Participant. 

Section 8.    Hardship Distributions and Deferral Revocations.  

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

Section 9.    Beneficiary Designation.  

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

Section 10.    Administration.  

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

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

	(i)
	to
determine who are Eligible Employees for purposes of participation in the Plan,

	(ii)
	to
interpret the terms and provisions of the Plan and to determine any and all questions arising under the Plan, including without limitation, the right
to remedy possible ambiguities, inconsistencies, or omissions by a general rule or particular decision,

	(iii)
	to
adopt rules consistent with the Plan, and

	(iv)
	to
approve certain amendments to the Plan. 

10.3    Claims Procedure.    The Committee shall have the exclusive right to interpret the Plan and to decide any and all matters
arising thereunder. In the event of a claim by a Participant as to the amount of any distribution or method of payment under the Plan, within 90 days of the filing of such claim, unless special
circumstances require an extension of such period, such person will be given notice in writing of any denial, which notice will set forth the reason for the denial, the Plan provisions on which the
denial is based, an explanation of what other material or information, if nay, is needed to perfect the claim, and an explanation of the claims review procedure. The Participant may request a review
of such denial within 60 days of the date of receipt of such denial by filing notice in writing with the Committee. The Participant will have the right to review pertinent Plan documents and to
submit issues and comments in writing. The Committee will respond in writing to a request for review within 60 days 

6

 

of receiving it, unless special circumstances require an extension of such period. The Committee, at its discretion, may request a meeting to clarify any matters deemed appropriate. 

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

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

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

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

Section 11.    No Employment Rights.  

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

Section 12.    Amendment, Suspension, and Termination.  

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

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