Document:

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                                                                     EXHIBIT 4.4
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                        LITTELFUSE, INC. RETIREMENT PLAN

                        AS AMENDED AND RESTATED EFFECTIVE

                                 JANUARY 1, 1997

                                LITTELFUSE, INC.

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                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
SECTION                                                HEADING                                                PAGE
<S>                        <C>                                                                                <C>
SECTION 1.                 DEFINITIONS; PARTICIPATION.............................................................2

       Section 1.1.        Definitions............................................................................2
       Section 1.2.        Participation.........................................................................17
       Section 1.3.        Leave of Absence and Termination of Service...........................................19
       Section 1.4.        Reemployment..........................................................................20
       Section 1.5.        Transfer to or from Status as an Eligible Employee....................................24
       Section 1.6.        Participation and Benefits for Current and Former Leased Employees....................27
       Section 1.7.        Rights of Other Employees to Participate..............................................27

SECTION 2.                 NORMAL AMOUNT AND PAYMENT OF RETIREMENT INCOME........................................29

       Section 2.1.        Normal Retirement and Retirement Income...............................................29
       Section 2.2.        Early Retirement and Retirement Income................................................31
       Section 2.3.        Disability Retirement and Retirement Income...........................................35
       Section 2.4.        Benefits Other Than on Retirement.....................................................35
       Section 2.5.        Benefits Paid at Committee's Discretion...............................................40

SECTION 3.                 SPECIAL PROVISIONS REGARDING PAYMENT OF BENEFITS......................................40

       Section 3.1.        Optional Forms of Retirement Income...................................................40
       Section 3.2.        Lump-Sum Payment of Small Retirement Income...........................................44
       Section 3.3.        Benefits Applicable to Participant Who Has Been or Is Employed by Two or More
                               Employers.........................................................................45
       Section 3.4.        No Duplication of Benefits............................................................46
       Section 3.5.        Funding of Benefits Through Purchase of Life Insurance Contract or Contracts..........46

SECTION 4.                 GOVERNMENTAL REQUIREMENTS AFFECTING BENEFITS..........................................46

       Section 4.1.        Special Provisions Regarding Amount and Payment of Retirement Income..................46
       Section 4.2.        Limitations on Benefits Required by the Internal Revenue Service......................57
       Section 4.3.        Benefits Nonforfeitable if Plan is Terminated.........................................58
       Section 4.4.        Merger of Plan........................................................................59
       Section 4.5.        Termination of Plan and Distribution of Trust Fund....................................59
       Section 4.6.        Special Provisions That Apply If Plan Is Top-Heavy....................................61

SECTION 5.                 MISCELLANEOUS PROVISIONS REGARDING PARTICIPANTS.......................................66

       Section 5.1.        Participants to Furnish Required Information..........................................66
       Section 5.2.        Beneficiaries.........................................................................67
       Section 5.3.        Contingent Beneficiaries..............................................................68
       Section 5.4.        Participants' Rights in Trust Fund....................................................69
       Section 5.5.        Benefits Not Assignable...............................................................69
</TABLE>

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<TABLE>
<S>                        <C>                                                                                <C>
       Section 5.6.        Benefits Payable to Minors and Incompetents...........................................69
       Section 5.7.        Conditions of Employment Not Affected by Plan.........................................70
       Section 5.8.        Notification of Mailing Address.......................................................70
       Section 5.9.        Written Communications Required.......................................................70
       Section 5.10.       Benefits Payable at Office of Trustee.................................................70
       Section 5.11.       Appeal to Committee...................................................................71
       Section 5.12.       Credit for Qualified Military Service.................................................72

SECTION 6.                 MISCELLANEOUS PROVISIONS REGARDING THE EMPLOYER.......................................72

       Section 6.1.        Contributions.........................................................................72
       Section 6.2.        Employer's Contributions Irrevocable..................................................72
       Section 6.3.        Forfeitures...........................................................................73
       Section 6.4.        Amendment of Plan.....................................................................73
       Section 6.5.        Termination of Plan...................................................................74
       Section 6.6.        Expenses of Administration............................................................75
       Section 6.7.        Formal Action by Employer.............................................................75

SECTION 7.                 ADMINISTRATION........................................................................75

       Section 7.1         Administration by Committee...........................................................75
       Section 7.2.        Officers and Employees of Committee...................................................76
       Section 7.3.        Action by Committee...................................................................76
       Section 7.4.        Rules and Regulations of Committee....................................................76
       Section 7.5.        Powers of Committee...................................................................77
       Section 7.6.        Duties of Committee...................................................................77
       Section 7.7.        Indemnification of Members of Committee...............................................78
       Section 7.8.        Actuary...............................................................................78
       Section 7.9.        Fiduciaries...........................................................................78
       Section 7.10.       Applicable Law........................................................................79

SECTION 8.                 TRUST FUND............................................................................80

       Section 8.1.        Purpose of Trust Fund.................................................................80
       Section 8.2.        Benefits Supported Only by Trust Fund.................................................80
       Section 8.3.        Trust Fund Applicable Only to Payment of Benefits.....................................80
</TABLE>

FIRST SUPPLEMENT

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                        LITTELFUSE, INC. RETIREMENT PLAN

                AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 1997

                                  INTRODUCTION

     The Retirement Plan for Non-Exempt Employees of Tracor, Inc., and Its
Affiliates, the Retirement Plan for Exempt Employees of Tracor, Inc., and Its
Affiliates and the Retirement Trust for Employees of Tracor, Inc., and Its
Affiliates, were adopted by Littelfuse, Inc., an Illinois corporation, effective
as of January 1, 1976 as an amendment and restatement of the retirement plan
that was previously maintained on behalf of certain of its employees as set
forth in a group annuity contract that was issued by Continental Assurance
Company effective January 1, 1961.

     The said Retirement Plan for Non-Exempt Employees of Tracor, Inc., and Its
Affiliates and Retirement Plan for Exempt Employees of Tracor, Inc., and Its
Affiliates were subsequently amended and restated in their entirety effective as
of January 1, 1989 and consolidated into one plan instrument which has been
known on and after January 1, 1989 as the Retirement Plan for Employees of
Tracor, Inc., and Its Affiliates. Such plan had been administered and maintained
as a separate plan with respect to Littelfuse, Inc., an Illinois corporation,
and its eligible employees.

     The operating assets of Littelfuse, Inc., an Illinois corporation
("Predecessor Littelfuse") were sold to Littelfuse, Inc., a Delaware corporation
("Successor Littelfuse") effective as of December 27, 1991, and the employees of
Predecessor Littelfuse were transferred to Successor Littelfuse. As a result of
such sale, Successor-Littelfuse and the other employers participating in the
Retirement Plan for Employees of Tracor, Inc., and Its Affiliates were no longer
members of the same controlled group of corporations. Successor Littelfuse had
provided for the continuation of the retirement plan and trust that were being
maintained on behalf of the eligible employees of Predecessor Littelfuse but
desired that on and after January 1, 1992 the provisions of the retirement plan
and trust agreement which applied to its eligible employee be set forth in
instruments that were separate and distinct from the instruments that applied to
the other employers that had been participating in the Retirement Plan for
Employees of Tracor, Inc., and Its Affiliates and the Retirement Trust for
Employees of Tracor, Inc., and Its Affiliates.

     In order to effectuate such desire of Successor Littelfuse, the
aforementioned Retirement Plan for Employees of Tracor, Inc., and Its
Affiliates, insofar as it applied to Successor Littelfuse and its employees, was
amended and was restated in its entirety effective as of January 1, 1992 and was
renamed the LITTELFUSE, INC. RETIREMENT PLAN, and the aforementioned Retirement
Trust for Employees of Tracor, Inc., and Its Affiliates, insofar as it applied
to Successor Littelfuse and its employees, was amended and was restated in its
entirety effective as of January 1, 1992, and titled LITTELFUSE, INC. RETIREMENT
TRUST.

<PAGE>

     In order to conform to changes required by the Uniformed Service Employment
and Reemployment Rights Act, the Uruguay Round Agreements Act of 1994, the Small
Business Job Protection Act of 1996, the Taxpayer Relief Act of 1997, and the
Internal Revenue Service Restructuring Act of 1998 and other applicable laws,
regulations and administrative authority, the Littlefuse, Inc. Retirement Plan
is being amended and restated in its entirety effective as of January 1, 1997,
except as otherwise stated in the Plan.

SECTION 1.           DEFINITIONS; PARTICIPATION.

     Section 1.1. Definitions. (A) The following terms as used herein shall have
the meanings stated below unless a different meaning is plainly required by the
context:

          (1) "Accrued Deferred Monthly Retirement Income Commencing at Normal
     Retirement Date" shall mean the monthly retirement income, payable in the
     manner described in Section 2.1(C) hereof commencing at the Participant's
     Normal Retirement Date, which he has accrued as of a given date and shall
     be equal to the product of:

               (a) the monthly retirement income to which the Participant would
          have been entitled on his Normal Retirement Date in accordance with
          the provisions of Section 2.1(B) hereof (before applying the maximum
          restrictions imposed by Section 415 of the Internal Revenue Code) if
          his employment continued uninterrupted after such given date until his
          Normal Retirement Date and using his Final Average Monthly
          Compensation and Monthly Covered Compensation determined as of such
          given date in lieu of the corresponding amounts determined as of his
          Normal Retirement Date,

          multiplied by

               (b) the fraction in which the numerator is the Credited Service
          that he has accrued to such given date and the denominator is the
          Credited Service that he would accrue on his Normal Retirement Date if
          he continued in fulltime service of the Employer after such given date
          until his Normal Retirement Date;

     provided, however, that the Accrued Deferred Monthly Retirement Income
     Commencing at Normal Retirement Date which a Participant has accrued as of
     a given date shall not exceed an amount that is actuarially equivalent as
     of such given date to that amount which would cause the monthly retirement
     income payable to or on behalf of the Participant under the Plan to be in
     excess of the maximum amount of retirement income permitted under Section
     415 of the Internal Revenue Code; and provided further, however, that the
     provisions of Section 4.6 hereof shall apply in determining the Accrued
     Deferred Monthly Retirement Income Commencing at Normal Retirement Date of
     a Participant who has accrued Vesting Service during any Plan Year that the
     Plan is top-heavy.

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          (2) "Annuity Starting Date" shall have the meaning assigned in Section
     417(f) of the Internal Revenue Code and regulations issued with respect
     thereto and shall be the first day of the first period for which an amount
     is payable (not the actual date of payment) as an annuity or any other
     form.

          Unless otherwise qualified by the context, the regularly scheduled
     Annuity Starting Date of a Participant shall be:

               (a) in the case of the benefit payable under Section 2.1 or 2.2
          in the event of his normal or early retirement, the first day of the
          month coincident with or next following the date of his retirement;
          and

               (b) in the case of the benefit payable under Section 2.4(A) in
          the event of termination of service with a vested benefit, the
          Participant's Normal Retirement Date or, if applicable, the first day
          of the month prior to his Normal Retirement Date that the Participant
          has elected in accordance with the provisions of Section 2.4(A) to
          start receiving the benefits to which he is entitled under such
          section;

     provided, however, if the Participant elects pursuant to the provisions of
     Section 3.1 hereof a later commencement date, his Annuity Starting Date
     shall be such later date of commencement specified in his election, or, if
     the Participant continues in the service of the Employer beyond his
     Required Beginning Date, his Annuity Starting Date shall be his Required
     Beginning Date.

          (3) "Beneficiary" shall mean the person or persons on whose behalf
     benefits may be payable under the Plan after a Participant's death in
     accordance with the provisions hereof.

          (4) "Break in Service" shall mean:

               (a) in determining the right of an employee to participate in the
          Plan following a termination of his service, a Plan Year which
          immediately follows the Plan Year in which his date of termination of
          service occurs, during which the employee does not receive credit for
          any Hours of Service;

          and

               (b) in determining the right to the reinstatement of an
          employee's Credited Service and Vesting Service following a
          termination of his service, a period of severance of 12 consecutive
          months or longer that immediately follows an employee's date of
          termination of service and immediately precedes the date, if any, on
          which he next performs an Hour of Service.

          (5) "Committee" shall mean the Retirement Committee appointed from
     time to time to administer the Plan pursuant to the provisions of Section
     7.1 hereof.

                                      -3-
<PAGE>

          (6) "Company" shall mean Littelfuse, Inc., a Delaware corporation, and
     its successor or successors.

          (7) "Compensation" shall mean the sum of:

          (a) the amount of base pay or wages actually paid during a calendar
     year to an employee by the Employer for services rendered, based upon the
     regularly scheduled work week of the employee; by way of illustration and
     not by way of limitation, the base pay or wages of an employee shall
     include sales commissions, shift differential payments, piece-meal
     premiums, team leader, group leader and working supervisor premiums and
     flight pay; and the base pay or wages of an employee shall exclude any pay
     or wages that he receives for hours worked that are in excess of his
     regularly scheduled number of hours of work during any given work week and
     shall also exclude all completion bonuses, management bonuses, Christmas
     bonuses, referral bonuses, and all other bonuses, overtime pay, severance
     pay paid in a lump sum at termination, unused vacation pay paid in a lump
     sum at termination, cost-of-living allowances, taxable tuition
     reimbursements and all other extraordinary compensation;

     plus

          (b) amounts, if any, that would have been includable in the employee's
     Compensation under (a) above for such calendar year if they had not been
     deferred by the employee through a plan of deferred compensation under
     Section 401(k) of the Internal Revenue Code or under a salary reduction
     agreement pursuant to Section 125 of said Code;

     plus

          (c) effective for Plan Years beginning after December 31, 1997,
     amounts, if any, that would have been includable in the employee's
     Compensation under (a) above for such calendar year if they had not been
     deferred by the employee through a plan of deferred compensation under
     Sections 403(b) and 457 of the Internal Revenue Code or under a salary
     reduction agreement pursuant to Section 132 of said Code;

     provided, however, that the annual Compensation of a Participant for any
     given calendar year or other specified 12-consecutive-month period, which
     is taken into account with respect to contributions to the Plan and to
     benefits accruing under the Plan on and after January 1, 1989, shall not
     exceed the maximum annual compensation that may be taken into account under
     Section 401(a)(17) of the Internal Revenue Code and regulations issued with
     respect thereto (the "IRC Section 401(a)(l7) Annual Compensation Limit").

          The IRC Section 401(a)(17) Annual Compensation Limit with respect to
     any given calendar year or other specified 12-consecutive-month period
     shall be equal to $200,000 or such increased or decreased amount, as the
     case may be, that applies as of the January 1 coincident with or
     immediately preceding the beginning of such given calendar year or other
     specified 12-consecutive-month period, pursuant to the provisions of

                                      -4-
<PAGE>

     Section 401(a)(17) of the Internal Revenue Code, as amended, and rules and
     regulations issued with respect thereto.

          In the event that Compensation under the Plan is determined based on a
     period of time that contains fewer than 12 calendar months, the IRC Section
     401(a)(17) Annual Compensation Limit for that period of time shall be equal
     to the IRC Section 401(a)(17) Annual Compensation Limit for the calendar
     year during which such period of time begins multiplied by the fraction in
     which the numerator is the number of full months in such period of time and
     the denominator is 12.

          In determining the IRC Section 401(a)(17) Annual Compensation Limit of
     an individual who is a member of the family of a 5-percent owner or of a
     Highly Compensated Employee who is in the group consisting of the 10 Highly
     Compensated Employees paid the greatest compensation during the year, the
     rules of Section 414(q)(6) of the Internal Revenue Code shall apply, except
     that in applying such rules for the purposes of this section, the term
     `family' shall include only the spouse of the employee and any lineal
     descendants who have not attained the age of 19 years before the close of
     such year. If the total Compensation of the affected family members exceeds
     the IRC Section 401(a)(17) Annual Compensation Limit, then the IRC Section
     401(a)(17) Annual Compensation Limit that applies to each individual family
     member shall be determined (except for the purpose of determining the
     portion of his Compensation which is under the integration level) by
     multiplying the IRC Section 401(a)(17) Annual Compensation by the fraction
     in which the numerator is the Compensation prior to the application of the
     IRC Section 401(a)(17) Annual Compensation Limit of such individual family
     member and the denominator is the sum of the Compensation prior to the
     application of the IRC Section 401(a)(17) Annual Compensation Limit of all
     of the affected family members. For Plan Years beginning after December 31,
     1996, this paragraph shall be deleted from the Plan.

          Any provisions herein to the contrary notwithstanding, a Participant's
     accrued benefit as of December 31, 1993 shall not be reduced due to the IRC
     Section 401(a)(17) Annual Compensation Limit imposed effective as of
     January 1, 1994 on the amount of his Compensation. In the event that the
     IRC Section 401(a)(17) Annual Compensation Limit is reduced effective as of
     any date subsequent to January 1, 1994, a Participant's accrued benefit
     immediately prior to the date that such reduction becomes effective shall
     not be reduced due to the reduction in such limit.

          (8) "Controlled Group Member" shall mean:

               (a) the Employer;

               (b) any division of the Employer which is not geographically
          located at the principal place of business of such Employer and which
          has not adopted and is not participating in the Plan in accordance
          with the provisions of Section 1.7 hereof;

               (c) any subsidiary of the Employer which has not adopted and is
          not participating in the Plan in accordance with the provisions of
          Section 1.7 hereof;

                                      -5-
<PAGE>

               (d) any other corporation or association that is a member of a
          controlled group of corporations (within the meaning of Section
          1563(a) of the Internal Revenue Code, determined without regard to
          Section 1563(a)(4) and Section 1563(e)(3)(C) of said Code, except
          that, for the purposes of applying the limitations on benefits and
          contributions that are required under Section 415 of the Internal
          Revenue Code and are described in Section 4.1(A) hereof, such meaning
          shall be determined by substituting the phrase "more than 50%" for the
          phrase "at least 80%" each place that it appears in Section 1563(a)(1)
          of said Code) with respect to which the Employer is a member;

               (e) any trade or business (whether or not incorporated) that is
          under common control with the Employer as determined in accordance
          with Section 414(c) of the Internal Revenue Code and regulations
          issued thereunder;

               (f) any service or other organization that is a member of an
          affiliated service group (within the meaning of Section 414(m) of the
          Internal Revenue Code) with respect to which the Employer is a member;
          and

               (g) any other entity required to be aggregated with the Employer
          pursuant to regulations under Section 414(o) of the Internal Revenue
          Code.

          (9) "Credited Service" shall mean the total period of an employee's
     service with the Employer, computed in completed months, during the period
     beginning on his Last Date of Commencement of Service and ending on the
     date of his retirement or termination of service or, where applicable,
     ending on such other date as is specified hereunder; provided, however,
     that the following provisions shall apply with respect to any period of
     such an employee's service that would be included in his Credited Service
     in accordance with the provisions above:

               (a) any complete calendar month that the employee is absent from
          the service of the Employer will be excluded from his Credited Service
          unless he receives regular Compensation from the Employer for all or
          any portion of such calendar month and except as otherwise provided
          below;

               (b) any absence due to the employee's engagement in military
          service will, except as provided below, be included in his Credited
          Service if such absence is covered by a leave of absence granted by
          the Employer or is by reason of compulsory military service and
          provided that such employee returns from such absence within the
          period of time prescribed in Section 1.3 hereof;

               (c) any period of an employee's service prior to the Effective
          Date of the Plan that was either included with or excluded from the
          service used to determine his accrued retirement income under the
          Superseded Plan for any reason specified under the terms of the
          Superseded Plan as in effect on the day immediately preceding the
          Effective Date of the Plan shall be included with or excluded from, as
          the case may be, his Credited Service under the provisions of the
          Plan; and

                                      -6-
<PAGE>

               (d) the provisions of Section 1.4 hereof shall apply in the case
          of an employee who is reemployed with a reinstatement of Credited
          Service accrued prior to his Last Date of Commencement of Service and
          the provisions of Section 1.5 hereof shall apply in the case of an
          employee who is transferred to or from his status as an eligible
          Employee.

          (10) "Designated Nonparticipating Employer" shall mean:

               (a) any Controlled Group Member that is not an Employer as
          defined herein; and

               (b) any other corporation, association, proprietorship,
          partnership or other business organization that (i) is not an Employer
          as defined herein and (ii) the Company, by formal action on its part
          in the manner described in Section 6.7 hereof, designates on the basis
          of a uniform policy applied without discrimination as a "Designated
          Nonparticipating Employer" for the purposes of the Plan.

          (11) "Earliest Annuity Commencement Date" is:

               (a) the first day of the month coincident with or next following
          the date of termination of the Participant's service if he has
          satisfied the age and service requirements to be eligible for a normal
          or early retirement benefit under the provisions hereof as of such
          termination date; or

               (b) the earliest date as of which the Participant could elect to
          start receiving retirement income payments under the provisions of
          Section 2.4(A) hereof if his service were terminated and he had not
          satisfied the age and service requirements to be eligible for a normal
          or early retirement benefit under the provisions hereof as of such
          termination date.

          (12) "Effective Date of the Plan" shall mean January 1, 1992 or such
     later date as of which the Plan first became effective with respect to the
     particular Employer concerned.

          (13) "Eligibility Computation Period" shall mean the
     12-consecutive-month period that is used for the purpose of determining a
     year of service for eligibility to participate in the Plan. Initially, the
     Eligibility Computation Period shall be the 12-consecutive-month period
     beginning on the Employee's Last Date of Commencement of Service and ending
     with the first anniversary of his Last Date of Commencement of Service;
     provided, however, if the Employee fails to complete 1,000 Hours of Service
     in such initial Eligibility Computation Period, the Eligibility Computation
     Period shall mean the Plan Year, and the first of such Plan Year
     Eligibility Computation Periods shall be the Plan Year that overlaps the
     first anniversary of the Employee's Last Date of Commencement of Service.

          (14) "Employee" shall mean any person on the payroll of the Employer
     whose wages from the Employer are subject to withholding for the purposes
     of Federal income

                                      -7-
<PAGE>

     taxes and for the purposes of the Federal Insurance Contributions Act;
     provided, however, that such term shall not include:

               (a) any such person who is employed at any division or branch of
          any Employer that is formed or acquired by or merged into the Employer
          after the Effective Date of the Plan unless the Employer, by formal
          action on its part in the manner described in Section 6.7 hereof,
          provides that such persons who are employed at such division or branch
          shall, subject to the provisions of (b) and (c) below, be eligible for
          participation in the Plan in accordance with the provisions hereof;

               (b) any such person who is a participant and is accruing benefits
          (or who, upon his satisfaction of any age and service requirements
          specified thereunder as a condition of participation, will be eligible
          to become a participant and accrue benefits) under any other qualified
          defined benefit pension plan maintained by the Employer or to which
          the Employer makes contributions on his behalf based upon his
          employment with the Employer; or

               (c) any such person who is included in a unit of persons employed
          by the Employer who are covered by an agreement which the Secretary of
          Labor finds to be a collective bargaining agreement between employee
          representatives and the Employer if retirement benefits were the
          subject of good faith bargaining between such employee representatives
          and the Employer and such persons are not required by that agreement
          to be covered in the Plan.

          (15) "Employer" shall mean, collectively or distributively as the
     context may indicate, the Company and any other corporations, associations,
     joint ventures, proprietorships, partnerships or other business
     organizations that have adopted and are participating in the Plan in
     accordance with the provisions of Section 1.7 hereof; provided, however,
     such term shall not include any division of any Employer which is not
     geographically located at the principal place of business of such Employer
     and shall not include any subsidiary of any Employer, unless said division
     or subsidiary has adopted and is participating in the Plan in accordance
     with the provisions of Section 1.7 hereof. If the Plan is adopted on behalf
     of the Employees of one or more, but less than all, divisions of an
     employer, the term "Employer" shall apply only to the division or divisions
     on behalf of whose Employees the Plan has been adopted.

          (16) "Final Average Monthly Compensation" shall mean the Participant's
     average monthly rate of Compensation from the Employer for the five
     successive calendar years, out of the 10 completed calendar years
     immediately preceding the first day of the month coincident with or next
     following the date on which his service terminates for any reason (or,
     where applicable, immediately preceding such other date as is specified
     hereunder), that give the highest average monthly rate of Compensation for
     the Participant.

          The Participant's average monthly rate of Compensation will be
     determined by dividing the total Compensation received by him during such
     five-calendar-year period by the number of months for which he received
     Compensation from the Employer in such

                                      -8-
<PAGE>

     five-calendar-year period. The number of months for which he received
     Compensation from the Employer may be computed, to the extent he was paid
     on other than a monthly basis, by determining the number of pay periods
     ending within such five-calendar-year period for which he received
     Compensation from the Employer and converting such pay periods into months
     by dividing the number thereof, if weekly, by 4-1/3, if biweekly, by 2-1/6,
     and, if semi-monthly, by 2.

          In computing Final Average Monthly Compensation for a Participant who
     has returned to the active service of the Employer following a full
     calendar year or calendar years during which he did not receive any regular
     Compensation from the Employer because of a leave of absence granted by the
     Employer or because of his reemployment with a reinstatement of his prior
     Vesting Service and Credited Service as described in Section 1.4 hereof,
     such full calendar year or calendar years during which he did not receive
     any regular Compensation from the Employer shall be ignored or excluded in
     determining the 10 calendar years and the five successive calendar years to
     be used in determining the Participant's Final Average Monthly Compensation
     at a subsequent date.

          (17) "Highly Compensated Employee" shall mean an employee who is a
     "highly compensated employee" within the meaning of Section 414(q) of the
     Internal Revenue Code and regulations issued with respect thereto. For Plan
     Years beginning after December 31, 1996, for purposes of this definition,
     the Employee will be a Highly Compensated Employee only if he was in the
     top-paid group for the preceding Plan Year. The term "top-paid group"
     includes all employees who are among the highest paid 20%, but excluding
     the following employees unless the Employer elects not to exclude them: (i)
     employees who have not completed six months of service; (ii) employees who
     normally work less than 17-1/2 hours per week; (iii) employees who normally
     work not more than six months a year; (iv) employees who are included in a
     unit of employees covered by a collective bargaining agreement, except as
     otherwise provided in the regulations; (v) employees who have not attained
     the age of 21; and (vi) employees who are nonresident aliens and receive no
     U.S.-source earned income from the Employer.

          (18) "Hour of Service" shall mean each hour for which an employee is
     directly or indirectly paid, or is entitled to payment, by the Employer
     (including any predecessor business of an Employer conducted as a
     corporation, partnership or proprietorship) for (a) the performance of
     duties or (b) reasons other than the performance of duties, including but
     not limited to vacation, holidays, sickness, disability, paid layoff and
     similar paid periods of nonworking time. Such Hours of Service shall be
     credited to the employee for the period in which such duties were performed
     or in which occurred the period during which no duties were performed. An
     Hour of Service also includes each hour, not credited above, for which
     backpay, irrespective of mitigation of damages, has been either awarded or
     agreed to by the Employer. These Hours of Service shall be credited to the
     employee for the period to which the award or agreement pertains. The
     number of Hours of Service to be credited to an employee for any period
     shall be governed by Sections 2530.200b-2(b) and 2530.200b-2(c) of Part
     2530 of Subchapter C of Chapter XXV of Title 29 of the Code of Federal
     Regulations (Department of Labor regulations relating to minimum, standards
     for employee pension benefit plans).

                                      -9-
<PAGE>

          (19) "Initial Vesting Date" shall mean the earlier to occur of the
     following dates:

               (a) the date on which the Participant has completed five years of
          Vesting Service;

          or

               (b) the date on which the Participant attains his Normal
          Retirement Age;

     provided, however, that the provisions of Section 4.6 hereof shall apply in
     determining the Initial Vesting Date of a Participant who has accrued
     Vesting Service during any Plan Year that the Plan is top-heavy; and
     provided further that the Initial Vesting Date of a Participant shall not
     be earlier than the Effective Date of the Plan.

          (20) "Internal Revenue Code" shall mean the Internal Revenue Code of
     1986, as now or hereafter amended from time to time.

          (21) "Last Date of Commencement of Service" shall mean:

               (a) if the employees service has not been previously terminated
          in accordance with the provisions hereof, the date on which he first
          performs an Hour of Service; or

               (b) if the employee's service has been previously terminated in
          accordance with the provisions hereof, the first day following his
          last termination of service on which he performs an Hour of Service;

          provided, however, that the provisions of Section 1.4(A) hereof shall
          apply in determining the Last Date of Commencement of Service of any
          employee whose service is terminated and who is reemployed on or after
          the Effective Date of the Plan and prior to his incurring a Break in
          Service.

               An Employer may at the time of its initial adoption of the Plan
          provide, with respect to all or any specified classification of its
          employees, that the Last Date of Commencement of Service for the
          purposes of determining the Credited Service and Vesting Service of
          such employees shall not be earlier than a specified date, which is
          later than the otherwise applicable date described above but is not
          later than the date as of which the Plan first became effective with
          respect to such Employer, and may provide that such specified date
          will be different for the purposes of determining the eligibility to
          participate in the Plan, the Credited Service and the Vesting Service
          of such employees; provided, however, that the date established to
          determine the Vesting Service of such employees shall not be later
          than the date as of which such Employer became a Controlled Group
          Member of any other Employer participating in the Plan or, if later,
          the date as of which the Plan or Superseded Plan became effective with
          respect to such other Employer.

                                      -10-
<PAGE>

               The Last Date of Commencement of Service of an employee by a
          predecessor or acquired business shall not be earlier than the date of
          such merger or acquisition unless the Employer provides that a
          uniformly applied earlier date or dates will be used for the purposes
          of the Plan.

          (22) "Monthly Covered Compensation" shall be equal to one-twelfth of
     the "covered compensation," within the meaning of Section 401(1)(5)(E) of
     the Internal Revenue Code and regulations and rulings issued pursuant
     thereto, that applies to the Participant based upon his year of birth. Any
     changes in the amount of "covered compensation" that become effective after
     the January 1st immediately preceding the date of the Participant's
     retirement or termination of service shall be ignored.

          (23) "Normal Retirement Age" shall mean the older of:

               (a) age 65 years;

               or

               (b) the Participant's age on the fifth anniversary of the date of
          commencement of his Vesting Service.

          (24) "Normal Retirement Date" shall mean the first day of the month
     coincident with or next following the date on which the Participant attains
     his Normal Retirement Age.

          (25) "Participant" shall mean:

               (a) any active Employee who has satisfied the requirements of
          Section 1.2 hereof;

               (b) any former Employee who has satisfied the requirements of
          Section 1.2 hereof, whose service has not been terminated but who has
          subsequently been transferred from his status as an eligible Employee
          as described in Section 1.5 hereof; and

               (c) any retired or terminated Employee who has vested rights to
          benefits under the provisions of the Plan;

          (26) "Plan" shall mean the Littelfuse, Inc. Retirement Plan, as
     amended and restated effective as of January 1, 1997 as set forth in this
     document and as it may hereafter be amended from time to time.

          (27) "Plan Year" shall mean the calendar, policy or fiscal year on
     which the records of the Plan are kept as reported from time to time by the
     plan administrator to the Internal Revenue Service. The Plan Year, unless
     subsequently changed in accordance with rules or regulations issued by the
     Internal Revenue Service or Department of Labor, shall be the 12-month
     period beginning January 1st of each calendar year.

                                      -11-
<PAGE>

          (28) "Post Payment Recalculation Date" shall have the meaning assigned
     in Section 2.1(D) hereof.

          (29) "Qualified Joint and Survivor Annuity" means an annuity that (a)
     is payable for the life of the Participant with a survivor annuity payable
     for the life of his spouse which is not less than 50% and is not greater
     than 100% of the amount of the annuity which is payable during the joint
     lives of the Participant and his spouse and (b) is the actuarial equivalent
     of the monthly retirement income payable to the Participant for life under
     the provisions of the Plan.

          (30) "Qualified Joint and 50% Survivor Annuity Option" shall have the
     meaning assigned in Option 4 in Section 3.1 hereof.

          (31) "Qualified Preretirement Survivor Annuity" shall mean the minimum
     death benefit, if any, described in Section 4.1(D) hereof that may be
     payable to the spouse of a Participant who dies prior to his Annuity
     Starting Date.

          (32) "Required Beginning Date" shall have the meaning assigned in
     Section 401(a)(9) of the Internal Revenue Code and shall mean:

               (a) if the Participant had not attained the age of 70-1/2 years
          as of January 1, 1988, (i) April 1 of the calendar year that next
          follows the calendar year in which he attains or will attain the age
          of 70-1/2 years or (ii) April 1, 1990, whichever is later;

                     and

               (b) if the Participant had attained the age of 70-1/2 years
          before January 1, 1988, April 1 of the calendar year that next follows
          the calendar year in which he retires or his service is terminated;

          provided, however, that the Required Beginning Date of any Participant
          who is a 5-percent owner (within the meaning of Section 416 of the
          Internal Revenue Code) and of any Participant who had retired or whose
          service had been terminated prior to January 1, 1989 shall not be
          later than his required beginning date as determined under the
          provisions of Section 401(a)(9) of the Internal Revenue Code as such
          section applied with respect to tax years beginning before January 1,
          1989.

          Notwithstanding anything in this paragraph (32) or the Plan to the
     contrary, for calendar years beginning after December 31, 2001, the
     Required Beginning Date of a Participant is the later of April 1 of the
     calendar year in which the Participant attains age 70-1/2 or retires,
     except that a 5-percent owner must commence distributions by the April 1 of
     the calendar year following the calendar year in which the Participant
     attains age 70-1/2.

          A Participant's accrued benefit is actuarially increased to take into
     account the period after age 70-1/2 in which the Participant does not
     receive any benefits under the

                                      -12-
<PAGE>

     Plan. The actuarial increase begins on the April 1 following the calendar
     year in which the Participant attains age 70-1/2 (January 1, 1997 in the
     case of a Participant who attained age 70-1/2 prior to 1996), and ends on
     the date on which benefits commence after retirement in an amount
     sufficient to satisfy Section 401(a)(9) of the Internal Revenue Code.

          The amount of actuarial increase payable as of the end of the period
     for actuarial increases must be no less than the actuarial equivalent of
     the Participant's retirement benefits that would have been payable as of
     the date the actuarial increase must commence plus the actuarial equivalent
     of additional benefits accrued after that date, reduced by the actuarial
     equivalent of any distributions made after that date. The actuarial
     increase is generally the same as, and not in addition to, the actuarial
     increase required for that same period under Section 411 of the Internal
     Revenue Code to reflect the delay in payments after normal retirement,
     except that the actuarial increase required under Section 401(a)(9)(C) of
     the Internal Revenue Code must be provided even during the period during
     which a Participant is in Section 203(a)(3)(B) of the Employee Retirement
     Income Security Act of 1974 service.

          For purposes of Section 411(b)(1)(H) of the Internal Revenue Code, the
     actuarial increase will be treated as an adjustment attributable to the
     delay in distribution of benefits after the attainment of Normal Retirement
     Age. Accordingly, to the extent permitted under Section 411(b)(1)(H) of the
     Internal Revenue Code, the actuarial increase required under Section
     401(a)(9)(C)(iii) of the Internal Revenue Code may reduce the benefit
     accrual otherwise required under Section 411(b)(1)(H)(i) of the Internal
     Revenue Code, except that the rules on the suspension of benefits are not
     applicable.

          (33) "Social Security Retirement Age" shall have the meaning given
     such term by Section 415(b)(8) of the Internal Revenue Code and shall be:

               (a) age 65 years for a Participant whose date of birth is prior
          to January 1, 1938;

               (b) age 66 years for a Participant whose date of birth is on or
          after January 1, 1938 and is prior to January 1, 1955; and

               (c) age 67 years for a Participant whose date of birth is on or
          after January 1, 1955.

          (34) "Superseded Plan" shall mean, collectively or distributively, as
     the context may indicate, the qualified retirement plan, if any, that was
     maintained by an Employer for its eligible employees prior to the Effective
     Date of the Plan and that the Plan represents an amendment and restatement
     thereof. Such term specifically shall include, but shall not be limited to,
     the Retirement Plan for Employees of Tracor, Inc., and Its Affiliates as in
     effect from January 1, 1989 through December 31, 1991, the Retirement Plan
     for Non-Exempt Employees of Tracor, Inc., and Its Affiliates as in effect
     from January 1, 1976 through December 31, 1988, the Retirement Plan for
     Exempt Employees of Tracor, Inc., and Its Affiliates as in effect from
     January 1, 1976 through December 31, 1988 and the retirement plan
     maintained from January 1, 1961 through December 31,

                                      -13-
<PAGE>

     1975 by Littelfuse, Inc. on behalf of certain of its employees as set forth
     in that group annuity contract providing a group annuity fund that was
     issued by the Continental Assurance Company effective January 1, 1961.
     References to the Superseded Plan as of any given date shall refer to the
     provisions as set forth under the terms of the applicable document
     describing such qualified retirement plan as amended and in effect on such
     given date prior to the Effective Date of the Plan.

          (35) "Supplement" shall mean any supplement that is attached to and
     made a part of the Plan and that describes provisions of the Plan that
     apply only to employees of an Employer or Employers specified in such
     Supplement.

          (36) "Trust" and "Trust Fund" shall mean the trust fund established
     pursuant to the terms of the Trust Agreement.

          (37) "Trust Agreement" shall mean the Littelfuse, Inc. Retirement
     Trust, as set forth in the trust agreement of that title, and as such trust
     agreement may be amended from time to time.

          (38) "Trustee" shall mean the corporate trustee or trustees or the
     individual trustee or trustees, as the case may be, appointed from time to
     time pursuant to the provisions of the Trust Agreement to administer the
     Trust Fund maintained for the purposes of the Plan.

          (39) "Vested Percentage" shall mean the percentage specified in
     Section 2.4(A)(1) hereof in which the Participant has a nonforfeitable
     right to his accrued benefit attributable to Employer contributions, based
     upon his number of years of Vesting Service and his age as of the date that
     such percentage is being determined; provided, however, that the Vested
     Percentage of a Participant who has accrued Vesting Service during any Plan
     Year that the Plan is top-heavy shall be subject to the provisions of
     Section 4.6 hereof.

          (40) "Vesting Service" shall mean the total period of elapsed time,
     computed in years and days, during the period beginning on the employee's
     Last Date of Commencement of Service and ending on his date of retirement
     or termination of service (or, where applicable, ending on such other date
     as is specified hereunder); provided, however, that:

               (a) the first 12 months of any continuous absence during such
          period will be included in the employee's Vesting Service but the
          portion, if any, of such absence that is in excess of 12 months will
          be excluded from his Vesting Service, except that any period of such
          absence that is included in his Credited Service will also be included
          in his Vesting Service;

               (b) the provisions of Section 1.3 hereof shall apply in the case
          of an employee who has a maternity or paternity absence, the
          provisions of Section 1.4 hereof shall apply in the case of an
          employee who is reemployed with a reinstatement of Vesting Service
          accrued prior to his Last Date of Commencement of Service, the
          provisions of Section 1.5 hereof shall apply in the case of an

                                      -14-
<PAGE>

          employee who is transferred to or from his status as an eligible
          Employee and the provisions of Section 1.6 hereof shall apply in the
          case of an employee who has previously been employed as a leased
          employee;

          and

               (c) with respect to any Participant in the Plan whose Vesting
          Service includes service accrued prior to January 1, 1989 while in the
          employment of the Company, the Vesting Service attributable to his
          employment prior to January 1, 1990 shall not be less than the
          "Vesting Service" that he would have accrued prior to January 1, 1990
          under the terms of the Superseded Plan if the terms of the Superseded
          Plan as in effect on December 31, 1988 had continued without change
          until January 1, 1990.

          (B) The terms "actuarially equivalent," "equivalent actuarial value,"
     "actuarial equivalent" and similar terms as used herein mean equality in
     value of the aggregate amounts expected to be received under different
     forms of payment based upon the same mortality and interest rate
     assumptions, which shall be determined as follows:

               (1) Unless specifically provided otherwise under the provisions
          hereof, the mortality and interest rate assumptions used in computing
          benefits payable on behalf of a Participant upon his retirement or
          termination of employment and upon the exercise of optional forms of
          retirement income under the Plan shall be as follows:

                    (a) the mortality assumptions shall be based upon the
               "Unisex Pension Mortality Table Projected to 1984" (UP-1984
               Mortality Table); and

                    (b) the interest rate assumption shall be 6%;

          provided, however, that for the purposes of determining the retirement
          income permitted under the provisions of Section 415 of the Internal
          Revenue Code, the mortality and interest rate assumption used to
          determine actuarial equivalence for early retirement shall be the
          assumptions that would produce the early retirement adjustment factors
          that apply under the provisions hereof in the event of early
          retirement.

               (2) Any of the provisions of Subsection (1) above to the contrary
          notwithstanding, if payment to any Participant (or his Beneficiary) is
          either (i) an actuarially equivalent lump-sum distribution or (ii) any
          other actuarially equivalent form of distribution that provides
          payments in the form of a decreasing annuity or that provides payments
          for a period less than the life of the Participant (or, in the case of
          a preretirement death benefit payable to the Beneficiary of a
          Participant prior to the commencement of retirement income payments to
          the Participant, for a period less than the life of such Beneficiary),
          the monthly income payable to such Participant (or Beneficiary) under
          the applicable provisions of the Plan (or Supplement hereto) shall
          first be determined (using, if necessary to determine the

                                      -15-
<PAGE>

          amount of such monthly income, the mortality and interest assumptions
          specified in Subsection (1)(a) and Subsection (1)(b) above). Such
          monthly income shall then be converted to such actuarially equivalent
          lump-sum distribution or such other actuarially equivalent form of
          distribution that provides payments in the form of a decreasing
          annuity or that provides payments for a period that may be less than
          the life of the recipient, whichever form of distribution is
          applicable, using the following mortality and interest assumptions:

                    (a) the mortality assumptions shall be based upon the
               "Unisex Pension Mortality Table Projected to 1984" (UP-1984
               Mortality Table); and

                    (b) the interest rate assumption shall be equal to the rate
               of interest that was being used by the Pension Benefit Guaranty
               Corporation for purposes of determining the present value of a
               lump-sum distribution on plan termination (as determined under
               Sections 411(a)(11) and 417 of the Internal Revenue Code and
               regulations issued pursuant thereto) as of the first day of the
               Plan Year during which the Annuity Starting Date occurs;

          provided, however, that the amount of any such distribution to or on
          behalf of any Participant who was a participant in the Superseded Plan
          as of October 31, 1991 and whose Credited Service includes service
          which was accrued prior to November 1, 1991 shall not be less than the
          actuarial equivalent, computed using the Unisex Pension Mortality
          Table Projected to 1984 (UP-1984 Table) and 6% interest, of the
          benefit which would have been payable on his behalf under the
          provisions of the Superseded Plan as in effect on October 31, 1991 if
          (i) the provisions of the Superseded Plan as in effect on such date
          had continued without change and (ii) the "Accrued Deferred Monthly
          Retirement Income Commencing at Normal Retirement Date" or, if the
          date of his retirement or termination of service is on or after his
          Normal Retirement Date, the accrued monthly normal retirement income,
          whichever is applicable, that is used to compute such benefit under
          such provisions were equal to the "Accrued Deferred Monthly Retirement
          Income Commencing at Normal Retirement Date" or, if his Normal
          Retirement Date was on or prior to November 1, 1991, the monthly
          normal retirement income, as the case may be, that he had accrued as
          of October 31, 1991 under the provisions of the Superseded Plan as in
          effect on such date.

               (3) For the purposes of Subsection (2) above, a joint and
          survivor annuity form of payment which may decrease upon the death of
          the Participant or his joint pensioner shall be deemed to be a
          non-decreasing annuity.

               (4) Notwithstanding the foregoing, for Plan Years beginning after
          December 31, 2001, the lump sum actuarial equivalence shall be
          calculated based on the applicable mortality table and applicable
          interest rate prescribed pursuant to Section 417(e) of the Internal
          Revenue Code and the regulations promulgated thereunder.

                                      -16-
<PAGE>

                                    The applicable interest rate to be utilized
                  is the annual interest rate as described in Section 417(e) of
                  the Internal Revenue Code for the second calendar month
                  preceding the first day of the Plan Year. The period for which
                  the applicable interest rate remains constant is hereby
                  designated as the Plan Year.

               (5) For the 2000 and 2001 Plan Years, actuarial equivalence shall
          be calculated using either the mortality and interest rate assumption
          in paragraph (B)(1) or paragraph (B)(4), whichever paragraph produces
          the greatest benefit to the Participant.

     (C) The term "single-sum value" as used herein shall mean the actuarially
computed present value, as of a given date, of the retirement income payments
for which it is determined based upon the interest and mortality assumptions
specified in the provisions of the Plan. Unless specifically provided otherwise
under the provisions hereof, the single-sum value as of a given date of a
Participant's accrued benefit that is scheduled to commence at a later date
shall be discounted for both interest and mortality from such scheduled
commencement date to such given date.

     (D) The terms "herein," "hereof," "hereunder" and similar terms refer to
this document, including the Trust Agreement of which this document is a part,
unless otherwise qualified by the context.

     (E) The pronouns "he," "him" and "his" used in the Plan shall also refer to
similar pronouns, of the feminine gender unless otherwise qualified by the
context.

     Section 1.2. Participation.

     (A) Continuation of Participation of Superseded Plan Participants and
Retroactive Amendments to Superseded Plan. Each person who was a participant in
the Superseded Plan, if any, of the Employer as of the day immediately preceding
the Effective Date of the Plan will become a Participant in the Plan on the
Effective Date of the Plan; provided, however, that any such Participant who had
retired or whose service had been terminated prior to the Effective Date of the
Plan and who is not an active employee of an Employer or in the employment of a
Designated Nonparticipating Employer or on a leave of absence granted by an
Employer or Designated Nonparticipating Employer as of the Effective Date of the
Plan shall be entitled on and after the Effective Date of the Plan to only those
benefits, if any, to which he is entitled on and after the Effective Date of the
Plan under the provisions of the Superseded Plan, and he and his Beneficiaries
shall not be entitled to any additional benefits under the Plan as set forth
herein unless he reenters the service of an Employer after the Effective Date of
the Plan or unless the Plan is amended on or after the Effective Date of the
Plan specifically to provide otherwise; provided further, however, that:

          (1) the provisions of the Plan governing the availability and payment
     of optional forms of settlement and governing the payment of small
     retirement incomes shall be applied with respect to such persons in the
     same manner as though the Superseded Plan had been amended to incorporate
     similar provisions, and those forms of payment that are available under the
     provisions of the Plan shall be the only forms of payment that are
     available on and after January 1, 1992 to such persons and their
     beneficiaries, except, with

                                      -17-
<PAGE>

     respect to such benefits accrued prior to the Effective Date of the Plan,
     (i) if a form of payment could be elected under the provisions of the
     Superseded Plan at the sole discretion of the participant or his
     beneficiary, such form of payment shall be available to him on and after
     the Effective Date of the Plan and (ii) if a form of payment had been duly
     elected and duly approved and is in effect on December 31, 1988 under the
     provisions of the Superseded Plan, such elected form of payment will
     continue in effect unless it is or has been subsequently revoked or changed
     on or after January 1, 1989 (a change of beneficiaries under the election
     will not be considered to be a revocation or change in such election so
     long as the change in beneficiaries does not alter, directly or indirectly,
     the period over which distributions are to be made under such elected form
     of payment) and provided that such form of payment complies with the
     provisions of Section 401(a)(9) of the Internal Revenue Code and
     regulations and rulings issued with respect thereto; and

          (2) if the benefits that are payable on behalf of any such Participant
     under the provisions of the Superseded Plan require modification in order
     to comply with any qualified domestic relations order under Section 414(p)
     of the Internal Revenue Code or to comply with any other provisions of said
     Code, the terms and benefits of the Superseded Plan will be considered to
     have been modified with respect to the Participant affected to the extent
     necessary to comply with such required modification.

     (B) Participation of Other Employees. Each Employee who does not become a
Participant in accordance with the provisions of Section 1.2(A) above and who is
in the service of the Employer on or after the Effective Date of the Plan will
become a Participant in the Plan on the later to occur of the following dates:

          (1) the date that immediately follows the first Eligibility
     Computation Period during which he completes at least 1,000 Hours of
     Service; or

          (2) the Effective Date of the Plan;

provided, however, that any such Employee whose service has not been terminated
but who is absent from the active service of the Employer on such date that he
is first eligible to become a Participant in the Plan as described above will
become a Participant hereunder as of the date of his return to active service
with the Employer.

     (C) Participation Following Reemployment. The above provisions of this
Section 1.2 describe the date on which an eligible Employee win initially become
a Participant in the Plan. In the event that an Employees service is terminated
and he subsequently reenters the service of the Employer, the date on or after
the date of his reentry as of which he will become a Participant in the Plan is
subject to the provisions of Section 1.4 hereof.

     Section 1.3. Leave of Absence and Termination of Service. Any absence from
the active service of the Employer by reason of an approved absence granted by
the Employer because of accident, illness, layoff with the right of recall or
military service, or for any other reason on the basis of a uniform policy
applied by the Employer without discrimination, will be considered a leave of
absence for the purposes of the Plan and will not terminate an employee's
service provided he returns to the active service of the Employer at or prior to
the expiration of his leave

                                      -18-

<PAGE>

or, if not specified therein, within the period of time which accords with the
Employer's policy with respect to permitted absences.

         Absence from the active service of the Employer because of voluntary or
involuntary engagement in military service will not terminate the service of an
employee and will be treated under the Plan as a leave of absence granted by the
Employer if both (1) he is entitled under applicable Federal law to reemployment
by the Employer upon his discharge from active duty and (2) he returns to the
active service of the Employer within the period of time during which time he
has reemployment rights under any applicable Federal law or within 60 days from
and after discharge or separation from such engagement if no Federal law is
applicable. No provision of this section or in the Plan shall require
reemployment of any employee whose active service with the Employer was
terminated by reason of military service.

         If the employee does not return to the active service of the Employer
at or prior to the expiration of his leave of absence as above defined, his
service will be considered terminated as of the earliest to occur of (i) the
date on which his leave of absence expired, (ii) the first anniversary of the
date on which his leave of absence began or (iii) the date of his resignation,
quit, discharge or death; provided, however, that if any such employee, who is
on a leave of absence and who was a Participant in the Plan or Superseded Plan
on the date on which his leave began, is prevented from his timely return to the
active service of the Employer because of his death, he shall, nevertheless, be
entitled, if he meets the requirements necessary to qualify therefor, to a death
benefit as provided in Section 2.4 hereof, determined as though he returned to
active service immediately preceding the date of his death.

         If an employee has an absence from the service of the Employer which
begins on or after January, 1985 and is due to the pregnancy of the employee,
the birth of a child of the employee or the placement of a child with the
employee in connection with the adoption of such child by such employee or is
for the purpose of caring for such child for a period beginning immediately
following such birth or placement, the rights of such employee under the Plan
shall not be less favorable to the employee than those rights that he would have
had if he had been granted a one-year leave of absence beginning on the date on
which his absence began. If the service of such employee is terminated during
such absence, the date of termination of such employee for purposes of
determining his accrued Vesting Service shall be deemed to be the first
anniversary of the date on which such absence began and the rights of such
employee under Section 1.4 hereof to a reinstatement of his previous Credited
Service and Vesting Service upon his reemployment shall not be less favorable to
the employee than those corresponding rights that he would have under such
section if the date of termination of his service had been the second
anniversary of the date on which his absence began and if the length of such
employee's Break in Service were based on that termination date. In determining
the right of such employee under Section 1.4 hereof to resume participation in
the Plan following his reemployment, the length of his Break in Service shall
exclude the Plan Year following the date on which his absence began.

                                      -19-
<PAGE>

         In the event that an employee's service with the Employer is
interrupted because of any absence from the active service of the Employer which
is not deemed a leave of absence as defined above, his service will be
considered terminated as of the date of his retirement, quit, discharge,
resignation or death or, if earlier, as of the first anniversary of the date of
such interruption for any other reason.

         Transfers of an employee's service among the Employers and Designated
Nonparticipating Employers shall not be deemed interruptions of his service and
shall not constitute a termination of service for the purposes of the Plan.

         Section 1.4. Reemployment.

         (A) Reemployment Prior to Incurring a Break in Service. If any
employee, whose service is terminated on or after the Effective Date of the
Plan, reenters the active service of the Employer and performs an Hour of
Service within the 12-month period immediately following the date of termination
of his service, the Credited Service which he had accrued as of the date of
termination of his service shall be reinstated. On and after such reentry, any
such employee shall be treated in determining his eligibility to participate in
the Plan and in determining the Vesting Service that he accrues under the Plan
in the same manner as though he had been on an unpaid leave of absence granted
by the Employer during the period between such date that his service was
previously terminated and such date of reentry. However, if any such employee
was entitled to a benefit under Section 2.1, 2.2 or 2.4(A) hereof prior to his
reentry, his rights under the Plan on and after his date of reentry shall be
determined under Section 1.4(B), 1.4(C) or 1.4(D) below, whichever is
applicable, except that his reinstated Vesting Service shall not be less than
that determined under the above provisions of this Section 1.4(A).

         (B) Reemployment of Vested Terminated Participant Prior to Commencement
of Payments. If a Participant's service is terminated on or after his Initial
Vesting Date for a reason other than his normal retirement or early retirement
as described in Sections 2.1 and 2.2 hereof, respectively, and he subsequently
reenters Annuity Starting Date, he shall become a Participant upon the date of
such reentry and the following provisions shall apply:

                   (a) If the date of his reentry is prior to his Required
         Beginning Date, subject to the provisions of Sections 1.4(C)(2) and
         2.1(D) hereof, no retirement income payments shall be made during the
         period of such reemployment. Upon the subsequent retirement or
         termination of Service of such a Participant, his benefit under the
         Plan shall be determined in the same manner as that of a vested
         terminated Participant whose retirement income payments have not
         commenced and who subsequently reenters the service of the Employer as
         described in Section 1.4(B) above, except that the benefit payable
         under the Plan to or on behalf of such Participant upon his subsequent
         retirement or termination of service shall be reduced on an actuarially
         equivalent basis by an amount equal to the sum of the retirement income
         payments that he received under the provisions of Section 2.1, 2.2,
         2.4(A) or 3.1 hereof, whichever is applicable, prior to such reentry
         into the service of

                                      -20-
<PAGE>

         the Employer; provided, however, that the monthly retirement income
         payable to any such Participant on and after the date of his subsequent
         retirement shall not be less than the retirement income that would have
         been payable on and after such date if he had not reentered the service
         of the Employer but had continued to receive his retirement income
         payments during the period of his reemployment; and provided further,
         however, if any such Participant reenters the active service of the
         Employer on or after his Normal Retirement Date, the monthly retirement
         income payable on behalf of such Participant in accordance with the
         provisions of Section 2.1 upon his subsequent retirement shall not be
         less than the amount that can be provided on an actuarially equivalent
         basis by the single-sum value required, as of such date of reentry, to
         provide the retirement income that otherwise would have been payable on
         his behalf after such date of reentry, accumulated with interest from
         such date of reentry to the date of his subsequent retirement or
         termination of service.

                   (b) If the date of his reentry is on or after his Required
         Beginning Date, he shall continue to receive the benefits to which he
         is entitled on and after such date, and any future benefits that he
         accrues after his Required Beginning Date shall be determined in
         accordance with the provisions of Section 411(b)(l)(H) of the Internal
         Revenue Code and regulations issued with respect thereto in a manner
         similar to that described in Section 2.1(D) hereof.

         (2) In lieu of having his retirement income payments discontinued and
his benefit payable upon his subsequent retirement or termination determined in
accordance with the provisions of Section 1.4(C)(1) above, any such Participant,
whose Vested Percentage at the date of his retirement or termination of service
was 100%, who is receiving retirement income payments under the Plan and who
reenters the active service of the Employer on less than a full-time basis, may,
upon such reentry elect in writing filed with the Committee to continue to
receive his retirement income payments after his reemployment in the same manner
as though he had not reentered the service of the Employer. Any such Participant
whose retirement income payments are continued in accordance with the provisions
above shall be treated as if he then first entered the service of the Employer
except that:

                   (a) upon the date after his reentry that he satisfies the
         requirements to become a Participant in the Plan, he shall become a
         Participant, retroactively, as of the date of his reentry; provided,
         however, if the date of his reentry is during the Plan Year in which
         the date of his retirement or termination of service occurred or is
         during the next following Plan Year, he shall become a Participant as
         of the date of his reentry;

                   (b) upon his becoming a Participant, he shall be entitled to
         a reinstatement of the Vesting Service that he had accrued as of the
         date of his previous retirement, or termination of service; and

                   (c) he shall not accrue any additional Credited Service
         during any "reemployment benefit accrual computation period" that he is
         credited with less than 1,000 Hours of Service. The "reemployment
         benefit accrual computation period" of any such Participant shall mean
         the 12-month period beginning on the date of his reentry and on each
         anniversary of such date.

                                      -21-
<PAGE>

The benefit which any such Participant accrues after the date of his reentry,
which is payable to such Participant or his Beneficiary upon his subsequent
retirement or termination of service, shall be limited to the amount that can be
provided by the actuarial equivalent of the monthly retirement income, if any,
that he accrues subsequent to such date of reentry based upon his Credited
Service and Final Average Monthly Compensation determined in the same manner as
though he first entered the service of the Employer on the date on or after his
reentry that he commences to accrue additional Credited Service; provided,
however, that such income that such a Participant accrues subsequent to his date
of reentry shall not cause the actuarial equivalent of the total income payable
on behalf of the Participant under the Plan to exceed the amount that would have
been payable if he had not elected to continue to receive his retirement income
after his reemployment and if the Credited Service that he accrues after his
reentry were restricted as provided in (c) above. The retirement income that is
continued during the period of reemployment of any such Participant who is
reemployed on less than a full-time basis shall be discontinued if the
Participant is employed on a full-time basis at any time after his reentry. If
the retirement income of any such Participant is subsequently discontinued, his
benefit under the Plan shall be determined under this Section 1.4(C)(C) (and not
under Section 1.4(A) above) as though his service had been terminated on the
date that his retirement income was discontinued and as though he had reentered
the service of the Employer immediately thereafter.

         (D) Reemployment after Full Settlement. If a Participant's service has
been terminated on or after the Effective Date of the Plan for any reason and he
was entitled, upon such termination, to a monthly retirement income under the
provisions of Section 2.1, 2.2 or 2.4(A)(1) hereof and he reenters the active
service of the Employer after the full actuarial equivalent value of such
retirement income has been paid on his behalf, he shall become a Participant on
the date of his reentry and shall be entitled to a reinstatement of the Vesting
Service and Credited Service that he had accrued as of such previous date of
termination, but the benefit payable under the Plan to or on behalf of such
Participant upon his subsequent retirement or termination of service shall be
reduced by the actuarially equivalent value of such retirement income that has
been previously paid on his behalf.

         (E) Reemployment of Other Employees. Any other former employee who is
not included under the provisions of Section 1.4(A), 1.4(B), 1.4(C), or 1.4(D)
above and who subsequently reenters the active service of the Employer following
his termination of service will be treated as though he then first entered the
service of the Employer; provided, however, that:

                   (1) with respect to any such employee whose service is
         terminated on or after the Effective Date of the Plan, if the number of
         years and days included in his Break in Service is less than either
         five years or the number of years and days of Vesting Service that he
         had accrued as of the date of termination of his service, such
         employee, upon the date immediately following the first Eligibility
         Computation Period after his reentry during, which he completes at
         least 1,000 Hours of Service, shall (i) become a Participant in the
         Plan retroactively to the first day of such Eligibility Computation
         Period and (ii) be entitled to a reinstatement of the Credited Service
         and Vesting Service that he had accrued as of such previous date of
         termination of service; provided, however, if any such employee
         reenters the active service of the Employer as an Employee prior to his
         incurring a Break in Service, the date on which he will become a
         Participant in the Plan following the date of his reentry shall not be
         later than the date on which he would have become a Participant if

                                      -22-
<PAGE>

         he had been on a leave of absence during the period between the date
         of his previous termination of service and the date of his reentry;

                   (2) with respect to any such employee whose service was
         terminated prior to the Effective Date of the Plan (while the
         Superseded Plan was in effect with respect to the Employer by which he
         was employed at the date of termination of his service) and who had
         reentered the active service of the Employer prior to the Effective
         Date of the Plan or who reenters the active service of the Employer on
         or after the Effective Date of the Plan, his rights under the Plan with
         respect to the period of his service prior to such date of reentry into
         the service of the Employer shall be determined under the applicable
         provisions of the Superseded Plan as in effect on the date of his prior
         termination of service; and

                   (3) with respect to any such employee, who (i) is not
         included in (1) above and whose service is or has been terminated
         either before, on or after the Effective Date of the Plan, (ii) had
         completed at least two years of Credited Service as of the date of
         termination of his service, (iii) had reentered or reenters the service
         of the Employer on or after January 1, 1985, and (iv) completes at
         least 10 years of Credited Service after the date of his reentry, such
         employee shall be entitled, as of the date after his reentry on which
         he completes 10 years of Credited Service, to a reinstatement of the
         Credited Service that he had accrued on the date of such previous
         termination of his service and to a reinstatement of Vesting Service
         equal to the number of years of Credited Service which are reinstated
         as of such date in accordance with the above provisions.

         (F) Reemployment of Employee Who Does Not Qualify as an "Employee." The
rights of any terminated employee of the Employer who was not an Employee as
defined herein on the date of termination of his service and who is reemployed
in a status in which he qualifies as an Employee as defined herein shall be
determined in accordance with the provisions of the Plan in the same manner as
though he had been an Employee as defined herein on the date of termination of
his service. The rights of any terminated employee of an Employer who is
reemployed by the Employer in a status in which he does not qualify as an
Employee as defined herein shall be determined in accordance with the provisions
of the Plan as though he had been reemployed by the Employer as an Employee as
defined herein and had immediately thereafter been transferred from his status
as an Employee as defined herein. A Participant shall not accrue any benefits
under the Plan or Superseded Plan solely because of the assumption that he was
an Employee as defined herein (when he was not) on the date of termination of
his service or the date of his reemployment, as the case may be.

         (G) Employment of Terminated Employee of Designated Nonparticipating
Employer by an Employer and Employment of Terminated Employee of Employer by
Designated Nonparticipating Employer. The rights of any terminated employee of a
Designated Nonparticipating Employer who was not an Employee as defined herein
on the date of termination of his service and who is subsequently employed by an
Employer in a status in which he qualifies as an Employee as defined herein
shall be determined in accordance with the provisions of the Plan in the same
manner as though he had been an Employee as defined herein on the date of
termination of his service. The rights of any terminated Employee of an Employer
who is subsequently employed by a Designated Nonparticipating Employer shall be
determined in accordance with the provisions of the Plan in the same manner as
though he had been reemployed

                                      -23-
<PAGE>

by the Employer as an Employee as defined herein and had immediately thereafter
been transferred to such Designated Nonparticipating Employer. A Participant
shall not accrue any benefits under the Plan or Superseded Plan solely because
of the assumption that he was an Employee as defined herein on the date of
termination of his service or the date of his employment, as the case may be,
with a Designated Nonparticipating Employer.

         (H) Employment with Former Employer or Former Designated
Nonparticipating Employer. In determining the rights under the Plan of any
employee who was previously employed (either before, on or after the Effective
Date of the Plan) by an employer, which was formerly an Employer participating
in the Plan or Superseded Plan or was formerly a Designated Nonparticipating
Employer but which is not currently an Employer or Designated Nonparticipating
Employer, the period of such employee's employment with such employer while it
was an Employer or Designated Nonparticipating Employer, as the case may be,
shall be recognized in determining the Vesting Service of such employee in the
same manner as though such employment during such period had been with a current
Employer or Designated Nonparticipating Employer, but any period of employment
with such employer after the date that it ceased to be an Employer or Designated
Nonparticipating Employer shall not be recognized and his service shall be
deemed to have been terminated during such period that such employer is not an
Employer or Designated Nonparticipating Employer.

         Section 1.5. Transfer to or from Status as an Eligible Employee. An
employee will be deemed to be transferred from his status as an eligible
Employee in the event that he remains in the service of the Employer but has a
change in his employee status so that he no longer qualifies as an Employee as
defined herein or in the event that he is transferred to and becomes an employee
of a Designated Nonparticipating Employer. Conversely, an employee of an
Employer who is not an Employee as defined herein will be deemed to be
transferred to the status of an eligible Employee in the event that he remains
in the service of the Employers but has a change in his employee status so that
he becomes an Employee as defined herein or, if he was an employee of a
Designated Nonparticipating Employer, in the event that he is transferred to an
Employer from such Designated Nonparticipating Employer and becomes an Employee
as defined herein. The service of such a person described above shall not be
considered to be interrupted by reason of any such transfer, and service with
the Designated Nonparticipating Employer or with the Employer while not
qualified as an Employee as defined herein shall be terminated in the same
manner as service with the Employer while qualified as an Employee as defined
herein is terminated. Any provisions of Section 2.1, 2.2 or 2.4 hereof to the
contrary notwithstanding, the benefits of any such Participant who has been
transferred to or from the status as an eligible Employee on or after the date
on which he met the requirements to become a Participant in the Plan or
Superseded Plan shall (unless agreement to the contrary is made, in writing, by
and between the Employer and such employees authorized bargaining representative
with respect to the entire bargaining unit of such employee) be determined in
accordance with the following provisions of this Section 1.5.

         (A) Eligibility for Benefits. In determining the eligibility of such an
employee to whom the provisions of this Section 1.5 are applicable for
participation in the Plan and in determining his eligibility for the benefits
provided under the Plan, his Vesting Service and Hours of Service shall be
determined in the same manner as though his service with the Designated
Nonparticipating Employers and with the Employers while not qualified as an
Employee as defined herein had been accrued with the Employers while qualified
as an Employee as defined herein. Any such

                                      -24-
<PAGE>

employee who is transferred to the status of an Employee as defined herein shall
become a Participant in the Plan on the date that he becomes an Employee as
defined herein if he has otherwise satisfied the requirements to become a
Participant in the Plan as described in Section 1.2 hereof prior to such date
that he becomes an Employee as defined herein.

         (B) Computation of Benefits for Transferred Participant Who Is Not in
Service of Employers at Date of Retirement or Termination. A Participant to whom
the provisions of this Section 1.5 are applicable who has been transferred to or
from his status as an Employee as defined herein and who is not in the service
of the Employers as of the date of his retirement or termination of service
shall be entitled upon his retirement or termination of service (or his
Beneficiary shall be entitled in the event his service is terminated by reason
of his death), if he meets all requirements necessary to qualify for a benefit
under the provisions of Section 2.1, 2.2 or 2.4 hereof or under the provisions
of any applicable Supplement hereto, as the case may be, to a benefit payable in
accordance with the provisions of Section 2.1, 2.2 or 2.4 hereof or in
accordance with the provisions of any applicable Supplement hereto, whichever is
applicable, but the amount of the monthly retirement income or other benefit
which is payable on his behalf under the Plan shall be determined under the
provisions of the Plan or Superseded Plan, as the case may be, as in effect as
of such date of transfer and shall be based upon his Credited Service, Final
Average Monthly Compensation and Monthly Covered Compensation (or, if
applicable, their corresponding terms as defined under the Superseded Plan)
determined as of such date of transfer.

         (C) Computation of Benefits for Transferred Participant Who Is in
Service of Employers at Date of Retirement or Termination. A Participant to whom
the provisions of this Section 1.5 are applicable who has been transferred to or
from his status as an Employee as defined herein and who is in the service of
the Employers as of the date of his retirement or termination of service shall
be entitled upon his retirement or termination of service (or his Beneficiary
shall be entitled in the event his is terminated by reason of his death), if he
meets all requirements necessary to qualify for a benefit under the provisions
of Section 2.1, 2.2 or 2.4 hereof or under the provisions of any applicable
Supplement hereto, as the case may be, to a benefit payable in accordance with
the provisions of Section 2.1, 2.2 or 2.4 hereof or in accordance with the
Provisions of any applicable Supplement hereto, whichever is applicable, but the
amount of the monthly retirement income which is payable on his behalf under the
Plan shall, subject to the provisions of Section 1.5(D) below, be equal to the
product of:

                   (1) the monthly retirement income which would have been
         payable on behalf of such Participant under the Provisions of Section
         2.1, 2.2 or 2.4 hereof or under the provisions of any Supplement
         hereto, as the case may be, if his service accrued with the Designated
         Nonparticipating Employers and with the Employers while not qualified
         as an Employee as defined herein were included with his Credited
         Service accrued with the Employers while qualified as an Employee as
         defined herein;

         multiplied by

                   (2) the fraction in which the numerator is the Participant's
         Credited Service that he accrued while in the service of the Employers
         hereunder while qualified as an Employee as defined herein and the
         denominator is the total Credited Service that he would have accrued if
         his service accrued with the Designated Nonparticipating

                                      -25-
<PAGE>

         Employers and with the Employers while not qualified as an Employee as
         defined herein were included with his Credited Service accrued with
         the Employers while qualified as an Employee as defined herein.

         (D) Special Provisions Applicable to Benefits. The monthly income
computed under this Section 1.5 shall be subject to the following:

                   (1) there shall be no duplication of service in computing
         benefits under the Plan and under any other qualified pension or
         annuity plan to which any Employer or Designated Nonparticipating
         Employer makes contributions on behalf of its employees who are not
         Employees as defined herein, and, if service accrued while qualified as
         an Employee as defined herein is used in determining the accrued
         benefit of the Participant under any such other qualified pension or
         annuity plan, then the portion of the benefit payable under the Plan
         based on such duplicated service shall be reduced (but not so as to
         produce a negative amount) by the actuarially equivalent amount of the
         benefit payable under such other qualified pension or annuity plan
         based on such duplicated service;

                   (2) all compensation that a Participant, who is an Employee
         as defined herein on the date of his retirement or termination of
         service, received from the Designated Nonparticipating Employers and
         from the Employers while not qualified as an Employee as defined herein
         shall be treated in determining his Final Average Monthly Compensation
         in the same manner as though such compensation had been received from
         the Employer while qualified as an Employee as defined herein; and

                   (3) all compensation that a Participant, who is not an
         Employee as defined herein on the date of his retirement or termination
         of service, received after the date on which he last qualified as an
         Employee as defined herein from the Designated Nonparticipating
         Employers and from the Employers while not qualified as an Employee as
         defined herein shall be ignored or excluded in determining his Final
         Average Monthly Compensation and the period during which he received
         such compensation shall be ignored or excluded in determining the 10
         calendar years and the five successive calendar years that are used in
         determining his Final Average Monthly Compensation.

         (E) Payments from One Trust Fund. In lieu of the payment of retirement
income or other benefits to such a Participant from the trust fund of more than
one qualified pension plan of the Designated Nonparticipating Employers and the
Employers, the administrators of the pension plans may, by mutual agreement,
provide for payment of the entire monthly income or other benefit from one trust
fund with appropriate reimbursement to the trustee of the trust fund from which
the benefits are to be paid by transfer of funds equal to the single-sum value
of the benefits payable under the other plan (or plans) to the trust fund from
which benefits actually will be paid.

         Section 1.6. Participation and Benefits for Current and Former Leased
Employees. A "leased employee" (within the meaning of Section 414(n) of the
Internal Revenue Code) of an Employer or Designated Nonparticipating Employer
shall not be deemed for any purposes of the Plan to be an employee of such
Employer or Designated Nonparticipating Employer. However, in the event that any
such former leased employee qualifies as an Employee as defined herein on or
after the Effective Date of the Plan, unless the Plan is otherwise excluded by
applicable regulations from the requirements of Section 414(n) of the Internal
Revenue Code, the total

                                      -26-
<PAGE>

period that he provided services to the Employer or Designated Nonparticipating
Employer as a leased employee shall be treated under the Plan in determining his
nonforfeitable right to his accrued benefits and his eligibility to become a
Participant in the Plan in the manner described in Section 1.5(A) hereof as
though he had been an employee of a Designated Nonparticipating Employer during
such period of service (but such service shall not be included in the service
that is used to calculate any benefits that he accrues under the Plan).

         Section 1.7. Rights of Other Employees to Participate. Any division of
any Employer which is not geographically located at the principal place of
business of such Employer, any subsidiary of any Employer and any other
corporation, association, joint venture, proprietorship, partnership or other
business organization may, in the future, adopt the Plan on behalf of all or
certain of its employees by formal action on its part in the manner described in
Section 6.7 hereof provided that the Company, by formal action on its part in
the manner described in Section 6.7 hereof, and the Committee both approve such
participation.

         The administrative powers and control of the Company, as provided in
the Plan, shall not be deemed diminished under the Plan by reason of the
participation of any other Employers in the Plan, and such administrative Powers
and control specifically granted herein to the Company with respect to the
appointment Of the Committee, amendment of the Plan and other matters shall
apply only with respect to the Company.

         The Plan is a single plan with respect to all Employers unless the
Company, by formal, action on its part in the manner described in Section 6.7
hereof, specifically provides that the Plan shall be a separate plan with
respect to any specified Employer or to any specified division of any Employer
or with respect to any specified group of Employers and/or divisions. In the
event that the Plan does not represent a single plan with respect all divisions
of any Employer, the division or divisions with respect to which the Plan
represents a separate plan shall be considered for the purposes of this section
and treated under the Plan as one Employer and its other division or divisions
shall be considered for the purposes of this section and treated under the Plan
as a separate Employer or, if applicable, as separate Employers.

         The contributions of any Employer that is a member of a group of
Employers with respect to which the Plan represents a single plan shall be
available to provide benefits on behalf of any Participants who are employees of
any other Employers that are members of such group but shall not be available to
provide benefits on behalf of any Participants who are employees of any
Employers that are not members of such group. The contributions of any Employer
with respect to which the Plan represents a single plan for only that Employer
shall be available to provide benefits on behalf of Participants who are its
employees but shall not be available to provide benefits on behalf of
Participants who are employees of any other Employers.

         Any Employer may withdraw from the Plan at any time by formal action on
its part, in the manner described in Section 6.7 hereof specifying its
determination to withdraw. Any such withdrawing Employer shall furnish the
Committee and the Trustee with evidence of the formal

                                      -27-
<PAGE>

action of its determination to withdraw. Any such withdrawal may be accompanied
by such modifications to the Plan as such Employer shall deem proper to continue
a retirement plan for its Employees separate and distinct from the retirement
plan herein set forth. Withdrawal from the Plan by any Employer shall not affect
the continued operation of the Plan with respect to the other Employers;
provided, however, in the event of the withdrawal of an Employer that is a
member of a group of Employers with respect to which the Plan represents a
separate plan and in the event that provision is made for the continuation of a
retirement plan for its Employees separate and distinct from the retirement plan
herein set forth, the share, if any, of the assets of the Trust Fund allocable
to such group of Employers that is transferred on behalf of such withdrawing
Employer to such other retirement plan shall be equal to the assets, if any,
that would have been allocated on behalf of the employees of such withdrawing
Employer under the provisions of Section 4.5 hereof if such withdrawing Employer
had terminated its participation in the Plan on the date of such withdrawal;
provided, however, that the Company may, in its absolute discretion, direct that
an additional amount of assets be transferred on behalf of such withdrawing
Employer to such other retirement plan provided that the transfer of such
additional amount of assets would not lower the amount of the distributions that
would be made on behalf

of the Participants who are employees of the other Employers that are members of
such group of Employers with respect to which the Plan represents a separate
plan if the Plan were terminated as of the effective date of such transfer with
respect to all of the Employers that are members of such group of Employers.

         The Company, by formal action on its part in the manner described in
Section 6.7 hereof may in its absolute discretion terminate any Employer's
participation in the Plan at any time, and the provisions of the Plan shall be
applied with respect to such Employer in the same manner as though it had
voluntarily withdrawn as a participating Employer.

SECTION 2. NORMAL AMOUNT AND PAYMENT OF RETIREMENT INCOME.

         Section 2.1. Normal Retirement and Retirement Income. Normal retirement
under the Plan is retirement from the service of the Employer on or after the
date that the Participant attains his Normal Retirement Age. No provision of
this section or the Plan shall require the retirement of a Participant upon his
attainment of his Normal Retirement Age, but actual retirement shall be governed
by the policy of the Employer. In the event of normal retirement, payment of
retirement income will be governed, subject to the provisions of Section 4
hereof, by the following provisions of this Section 2.1.

         (A) Normal Retirement Date. The Normal Retirement Date of each
Participant will be the first day of the month coincident with or next following
the date on which he attains his Normal Retirement Age. Any Participant who
retires after attaining his Normal Retirement Age

                                      -28-
<PAGE>

but prior to his Normal Retirement Date and who is surviving on his Normal
Retirement Date shall be considered for the purposes of the Plan to have retired
on his Normal Retirement Date.

         (B) Amount of Retirement Income. The monthly retirement income payable
in the manner described in Section 2.1(C) hereof to a Participant who retires on
or after his Normal Retirement Date shall be an amount equal to the sum of:

                   (1) 1.00% of his Final Average Monthly Compensation
         multiplied by his number of years of Credited Service that are in
         excess of one year;

         plus

                   (2) 0.50% of that portion, if any, of his Final Average
         Monthly Compensation that is in excess of the Monthly Covered
         Compensation that applies to him multiplied by his number of years of
         Credited Service that are in excess of one year; provided, however,
         that such product shall not exceed 22.5% of that portion, if any, of
         his Final Average Monthly Compensation that is in excess of the Monthly
         Covered Compensation that applies to him.

The monthly amount of retirement income payable to a Participant who retires
after his Normal Retirement Date, however, shall not be less than that amount
that can be provided on a actuarially equivalent basis by the sum of (i) the
single-sum value as of his Normal Retirement Date of the normal monthly
retirement income that would have been payable to him in accordance with the
provisions above if he had retired on his Normal Retirement Date (based upon his
Credited Service, Final Average Monthly Compensation and Monthly Covered
Compensation determined as though he had actually retired on his Normal
Retirement Date) and, in the event that the above provisions of this section
have been amended after his Normal Retirement Date, if the above provisions of
this Section 2.1(B) had been in effect on his Normal Retirement Date, and (ii)
the amount of interest on such single-sum value in (i) above, where the interest
shall be compounded annually from the Participant's Normal Retirement Date to
his actual retirement date. All computations to determine such minimum monthly
retirement income payable to or on behalf of such a Participant (including any
computations to convert such minimum monthly retirement income to an actuarially
equivalent retirement income that may be payable on his behalf under Section 3.1
hereof) shall be on the basis of the interest and mortality assumptions that
were being used as of his Normal Retirement Date to determine actuarially
equivalent monthly retirement incomes.

         (C) Payment of Retirement Income. The monthly retirement income payable
in the event of normal retirement will be payable on the first day of each
month. The first payment will be made on the Participant's Normal Retirement
Date, or, if the Participant retires after his Normal Retirement Date, the first
payment will be made on the first day of the month coincident with or next
following the date of his actual retirement. The last payment will be the
payment due immediately preceding the retired Participant's death.

         (D) Special Provisions Applicable to Participants Who Receive
Retirement Income Payments While Continuing in Employment of Employer after
Required Beginning Date. With respect to those Participants who have reached
their Required Beginning Date prior to January 1, 2002 and 5-percent owners, any
of the above provisions of this Section 2.1 to the contrary

                                      -29-
<PAGE>
notwithstanding, but subject to the provisions of Section 4.1 hereof, a
Participant who continues in the employment of the Employer beyond his Required
Beginning Date (for purposes of this paragraph, the term "Required Beginning
Date" shall refer to such term as it was defined prior to January 1, 2002) shall
start receiving monthly retirement income payments commencing as of his Required
Beginning Date. Such monthly retirement income payments shall be determined and
payable in the same manner as though the Participant had actually retired on his
Required Beginning Date. The retirement income payable to such a Participant
shall thereafter be subject to adjustment as of the first day of each calendar
year which begins after his Required Beginning Date and prior to the date of his
actual retirement and shall be subject to adjustment as of the first day of the
month coincident with or next following the date of his actual retirement (each
such adjustment day is herein referred to as a "Post Payment Recalculation
Date") to reflect the additional accruals, if any, that such Participant is
entitled to receive because of his employment after his Required Beginning Date.
The additional retirement income, if any, payable to any such Participant on and
after an applicable Post Payment Recalculation Date shall be determined in
accordance with the provisions of Section 411(b)(1)(H) of the Internal Revenue
Code and regulations issued with respect thereto, and the actuarial equivalent
of the retirement income payments that the Participant has received under the
provisions of this Section 2.1 on and after his Required Beginning Date and
prior to the applicable Post Payment Recalculation Date shall be used as an
offset in the determination of such additional income, but such offset shall not
result in the retirement income payable to the Participant being reduced below
the amount that was payable on his behalf immediately prior to such Post Payment
Recalculation Date. The additional amount of monthly retirement income, if any,
that a Participant accrues after his Required Beginning Date shall be converted
to an actuarially equivalent amount of monthly retirement income that is payable
in the same manner and form as the monthly retirement income that is payable on
his behalf immediately prior to the applicable Post Payment Recalculation Date,
and such additional actuarially equivalent income shall be payable to the
Participant commencing as of the applicable Post Payment Recalculation Date.

         Section 2.2. Early Retirement and Retirement Income. Early retirement
under the Plan is retirement from the service of the Employer prior to the
Participant's Normal Retirement Date and on or after the date as of which he has
both attained the age of 55 years and completed 10 years of Vesting Service. In
order to retire under the provisions of this section, the written consent of the
Participant must be filed with the Committee within 90 days of the date as of
which his retirement income payments are to commence. In the event of early
retirement, payment of retirement income will be governed, subject to the
provisions of Section 4 hereof, by the following provisions of this Section 2.2.

         (A) Early Retirement Date. The Early Retirement Date will be the first
day of the month coincident with or next following the date a Participant
retires from the service of the Employer under the provisions of this Section
2.2 prior to his Normal Retirement Date.

         (B) Amount of Retirement Income. The monthly amount of retirement
income payable in the manner described in Section 2.2(C) hereof to a Participant
who retires prior to his Normal Retirement Date under the provisions of this
Section 2.2 shall be equal to the product of:

                   (1) the Accrued Deferred Monthly Retirement Income Commencing
         at Normal Retirement Date which the Participant has accrued as of his
         Early Retirement Date;

         multiplied by

                   (2) the factor specified in the schedule below based upon the
         Social Retirement Age of such Participant and upon his attained age (to
         the nearest month) at his Early Retirement Date (straight line
         interpolation between the next higher age and the next lower age shall
         be used to determine the factor that applies to a Participant whose
         attained age to the nearest month on his Early Retirement Date is not a
         whole number of years):

                                      -30-
<PAGE>

<TABLE>
<CAPTION>

        ATTAINED AGE ON EARLY                             EARLY RETIREMENT REDUCTION FACTOR IF
           RETIREMENT DATE                                  SOCIAL SECURITY RETIREMENT AGE IS

                                               65 YEARS                   66 YEARS                  67 YEARS
             <S>                                 <C>                       <C>                       <C>
             62 or older                         1.000                     1.000                      1.000
                 61                              .933                       .933                      .933
                 60                              .867                       .867                      .867
                 59                              .833                       .833                      .833
                 58                              .800                       .800                      .800
                 57                              .760                       .760                      .750
                 56                              .700                       .700                      .688
                 55                              .640                       .640                      .632
</TABLE>

         (C) Payment of Retirement Income: The retirement income payable in the
event of early retirement will be payable on the first day of the month. The
first payment will be made on the Participant's Early Retirement Date and the
last payment will be the payment due immediately preceding the retired
Participant's death.

         (D) Temporary Supplemental Monthly Retirement Income. A Participant who
retires from the service of the Employer under the provisions of this Section
2.2 prior to his Normal Retirement Date and on or after both January 1, 1993 and
the date as of which he has both attained the age of 62 years and completed 10
years of Vesting Service shall be entitled, in addition to the monthly
retirement income described above in this Section 2.2, to a temporary
supplemental monthly retirement income, in the amount determined under
Subsection (1) below, that is payable in the manner described in Subsection (4)
below.

                   (1) Amount of Income. The amount of the temporary
         supplemental monthly retirement income payable under this Section
         2.2(D) during an applicable calendar year shall, subject to the
         provisions of Subsection (3) below, be equal to the sum of:

                            (a)     $350;

                                    plus

                            (b) the accumulated increments that have been added
                  to such figure each calendar year after December 31, 1993 for
                  increases in cost-of-living pursuant to the provisions of
                  Subsection (2) below.

                   (2) Cost-of-Living Adjustments. Commencing January 1, 1994
         and as of each January 1 thereafter, the amount determined under
         Subsection (1) above shall be increased, if applicable, to reflect
         changes in the Consumer Price Index and/or the medical trend during the
         preceding calendar year. The incremental amount, if any, which is to be
         added as of January 1 of a given calendar year under Subsection (1)
         shall be determined by multiplying the amount that applied under
         Subsection (1) for the immediately preceding calendar year by the
         smallest of the following percentages:

                            (a) the percentage equal to the excess, if any, of
                  (i) the percentage, computed to the nearest tenth of one
                  percent, that is determined by dividing (aa) the average of
                  the Consumer's Price Index for the 12-month period ending with
                  the last August 31 preceding the applicable January 1st on
                  which the adjustment is

                                      -32-
<PAGE>

                  to be made (such average shall be computed by adding the
                  Consumer's Price Indices for such 12 months and dividing the
                  total by 12 and rounding the result to the nearest tenth of
                  one percent) by (bb) the average of the Consumer's Price Index
                  for the 12-month period ending with the penultimate August 31
                  preceding the applicable January 1st on which the adjustment
                  is to be made (such Consumer's Price Index shall be on the
                  same base as used in (aa) above and shall be computed by
                  adding the Consumer's Price Indices for such 12 months and
                  dividing the total by 12 and rounding the result to the
                  nearest tenth of one percent) over (ii) 100.0%;

                            (b) the percentage equal to one-half of the excess,
                  if any, of (i) the percentage, computed to the nearest tenth
                  of one percent, that is determined by dividing (aa) the
                  average of the medical care component of the Consumer's Price
                  Index for the 12-month period ending with the last August 31
                  preceding the applicable January 1st on which the adjustment
                  is to be made (such .average shall be computed by adding the
                  medical care component of the Consumer's Price Indices for
                  such 12 months and dividing the total by 12 and rounding the
                  result to the nearest tenth of one percent) by (bb) the
                  average of the medical care component of the Consumer's Price
                  Index for the 12-month period ending with the penultimate
                  August 31 preceding the applicable January 1st on which the
                  adjustment is to be made (such Consumer's Price Index shall be
                  on the same base as used in (aa) above and shall be computed
                  by adding the medical care component of the Consumer's Price
                  Indices for such 12 months and dividing the total by 12 and
                  rounding the result to the nearest tenth of one percent) over
                  (ii) 100.0%;

                             or

                            (c)     5%.

                           The temporary supplemental monthly retirement income
                  payable under this Section 2.2(D) shall be adjusted as of each
                  January 1 after the Participant's Early Retirement Date and
                  prior to his Normal Retirement Date, if applicable, to reflect
                  the cost-of-living increase provided under this Subsection
                  (2).

                           For the purposes of this section, `Consumer's Price
                  Index' means the latest Consumer Price Index, All Urban
                  Consumers (CPI-U), U.S. City Average, All Items, prepared by
                  the U. S. Department of Labor, Bureau of Labor Statistics, or,
                  if there is no such National Consumer's Price Index at the
                  time of determination, then `Consumer's Price Index' shall
                  mean the index which, in the opinion of the Committee, is the
                  successor or most nearly comparable index successor.

                   (3) Maximum Amount of Income. The amount of the temporary
         supplemental monthly retirement income payable under this Section
         2.2(D) during an applicable calendar year shall not exceed the smaller
         of:

                            (a)     $600;

                            or

                                      -33-
<PAGE>

                            (b) the monthly old-age insurance benefit,
                  determined as of the Participant's Early Retirement Date under
                  the provisions of the Social Security Act as in effect on the
                  January 1st immediately preceding his Early Retirement Date,
                  that would be payable to him at his Normal Retirement Date
                  assuming that he will not receive after his Early Retirement
                  Date any income that would be treated as wages for the
                  purposes of the Social Security Act; the determination of the
                  amount of such old-age insurance benefit shall be made by the
                  Committee based on available salary information for prior
                  years, and, for prior years that salary information is not
                  available, it shall be assumed that the Participant's wages
                  had increased each calendar year at the same rate as the
                  average of the total wages (as specified in Section
                  215(b)(3)(A)(ii) of the Social Security Act) for such calendar
                  years. Any automatic cost-of-living or other specified
                  increases in benefit levels under the Social Security Act that
                  become effective after the January 1 immediately preceding the
                  Participant's Early Retirement Date shall be ignored.

                   (4) Payment of Retirement Income. The temporary supplemental
         monthly retirement income payable to a Participant under the provisions
         of this Section 2.2(D) shall be payable on the first day of the month.
         The first payment will be made on the Participant's Early Retirement
         Date, and the last payment will be the payment due on his Normal
         Retirement Date or on the first day of the month coincident with or
         immediately preceding the date of his death, whichever is earlier. Any
         provisions hereof to the contrary notwithstanding, the provisions of
         Section 3.1 hereof pertaining to optional forms of payment shall not
         apply to the temporary supplemental monthly retirement income payable
         under this Section 2.2(D).

         (E) Post-Retirement Death Benefit Payable to Surviving Spouse. In the
event of the death of a Participant who has retired under the provisions of this
Section 2.2 on or after both January 1, 1993 and the date as of which he has
both attained the age of 62 years and completed 10 years of Credited Service,
there shall be payable to his surviving spouse, if any, a post-retirement death
benefit provided (a) the Participant and such surviving spouse were married to
each other at the Participant's Early Retirement Date and at the date of his
death and (b) the retired Participant's death occurs within five years after his
Early Retirement Date and prior to his surviving spouse's having attained the
age of 65 years. Such post-retirement death shall be in addition to any other
benefits payable after the Participant's death under the provisions hereof and
shall be payable in monthly installments in the amounts determined under
Subsection (1) below and in the manner described in Subsection (2) below:

                   (1) Amount of Monthly Installments. The amount of the monthly
         installment payment under this Section 2.2(E) for any month that a
         payment is due under this Section 2.2(E) shall be equal to 60% of the
         temporary supplemental monthly retirement income that is payable for
         such month under the provisions of Section 2.2(D) above to a retired
         Participant who is eligible for such an income under the provisions of
         Section 2.2(D).

                   (2) Payment of Monthly Installments. The monthly installment
         payments to the Participant's surviving spouse under this Section
         2.2(E) shall be payable on the first day of the month. The first
         payment will be made on the first day of the month next following the
         date of the Participant's death. The last payment will be the payment
         due on

                                      -34-
<PAGE>

         the first day of the month immediately preceding (a) the date of the
         surviving spouse's death, (b) the fifth anniversary of the
         Participant's Early Retirement Date or (c) the date on which the
         surviving spouse attains the age of 65 years, whichever is earliest.

         Section 2.3. Disability Retirement and Retirement Income. No provision
is made under the Plan for disability retirement from the service of the
Employer.

         Section 2.4. Benefits Other Than on Retirement.

         (A) Benefit on Termination of Service and on Death after Termination of
Service. (1) In the event that a Participant's service is terminated prior to
his Normal Retirement Date and on or after his Initial Vesting Date for any
reason other than his death or early retirement as described in Section 2.2
hereof, he will be entitled to a monthly retirement income to commence on his
Normal Retirement Date or, if he so requests in writing filed with the Committee
at least 30 but not more than 90 days prior to the effective date thereof, to
commence on the first day of any month which is prior to his Normal Retirement
Date and is on or after the date on which he attained the age of 55 years. Such
monthly retirement income payable in the manner described in Section 2.4(A)(2)
hereof to a Participant under the provisions of this Section 2.4(A) shall be
equal to that amount which can be provided on an actuarially equivalent basis
by:

                   (a) if the Participant has not both attained the age of 55
         years and completed 10 years of Vesting Service as of the date of
         termination of his service, an amount equal to the product of:

                            (i) the single-sum value, determined as of the date
                  of termination of his service, of the Accrued Deferred Monthly
                  Retirement Income Commencing at Normal Retirement Date that he
                  has accrued to the date of termination of his service,
                  accumulated with interest from the date of termination of his
                  service to the date as of which his monthly retirement income
                  payments are to commence in accordance with the provisions
                  above;

                  multiplied by

                           (ii) his Vested Percentage, which shall be equal to
                  the percentage specified in the schedule below, based upon his
                  number of years (ignoring fractions) of Vesting Service as of
                  the date of termination of his service:

                  YEARS OF VESTING SERVICE                    VESTED PERCENTAGE

                        Less than 5                                    0%
                         5 or more                                   100%;

         provided, however, that the Vested Percentage of any Participant who
         has attained his Normal Retirement Age as of the date of termination of
         his service shall be 100%; or

                   (b) if the Participant has both attained the age of 55 years
         and completed 10 years of Vesting Service as of the date of termination
         of his service, the single-sum value, determined as of the date of
         termination of his service, of the monthly early retirement

                                      -35-
<PAGE>

         income that would have been payable to him in accordance with the
         provisions of Section 2.2 hereof if he had retired under the
         provisions of such section on the date of termination of his service,
         accumulated with interest from the date of termination of his service
         to the date as of which his monthly retirement income payments are to
         commence in accordance with the provisions above.

         All computations to determine the monthly retirement income payable to
or on behalf of such a terminated Participant (including any computations to
determine the monthly retirement income payable on his behalf under Section
2.4(A)(3) or 3.1 hereof) shall be on the basis of the interest and mortality
assumptions that are being used as of the date of termination of his service to
determine actuarial]y equivalent monthly retirement incomes.

         (2) The retirement income payable under Section 2.4(A)(1) above will be
payable on the first day of each month. The first payment will be made, if the
Participant shall then be living, on his Normal Retirement Date or, if he has
elected an earlier commencement date in accordance with the provisions of
Section 2.4(A)(1) above, on the first day of such earlier month as of which he
has elected to commence receiving his retirement income payments. The last
payment will be the payment due immediately preceding his death.

         (3) In the event that the terminated Participant dies prior to the date
as of which his retirement income payments are to commence as described above
(without his having waived, in accordance with the provisions of Section
2.4(A)(4) below, the benefit provided under this Section 2.4(A)(3) and without
his having received, prior to his death, the actuarially equivalent value of the
benefit provided on his behalf under Section 2.4(A)(1) above), his Beneficiary
will receive the monthly retirement income, beginning on the first day of the
month coincident with or next following the date of the terminated Participant's
death, which can be provided on an actuarially equivalent basis by the
single-sum value of the benefit determined in accordance with Section 2.4(A)(1)
above to which the terminated Participant was entitled as of the date of
termination of his service, accumulated with interest from such date to the date
of his death. The monthly retirement income payments under this Section
2.4(A)(3) shall, subject to the provisions of Section 2.4(B)(4) hereof, be
payable for the life of the Beneficiary designated or selected under Section 5.2
to receive such benefit, and, in the event of such Beneficiary's death within a
period of 10 years after the Participant's death, the same monthly amount that
was payable to the Beneficiary shall be payable for the remainder of such
10-year period in the manner and subject to the provisions of Section 5.3;
provided, however, in lieu of payment of such benefit in the form of monthly
income described above, the single-sum value of such benefit may be paid on an
actuarially equivalent basis to the Participant's designated Beneficiary in such
other manner and form permitted under Section 2.4(B) hereof and commencing on
such other date permitted under Section 2.4(B) hereof as the Participant may
elect in writing filed with the Committee or, in the event that an election has
not been made by the Participant and filed with the Committee prior to his
death, as the Beneficiary may elect in writing filed with the Committee.

         (4) A terminated Participant may elect with the consent of his spouse,
if any, at any time prior to the date as of which his retirement income payments
are scheduled to commence, to waive the death benefit provided under Section
2.4(A)(3) above and, in lieu thereof, an increased retirement income, which
reflects on an actuarially equivalent basis the period that the death benefit
coverage under Section 2.4(A)(3) is waived, will be payable to the Participant
under the

                                      -36-
<PAGE>

provisions of Section 2.4(A)(1) if he shall be living on the date on which his
payments are to commence in accordance with the provisions of Section 2.4(A)(1).
Within one year after the date of termination of service of a Participant who is
entitled to a benefit under the provisions of this Section 2.4(A), or as soon
thereafter as is administratively practicable, the Committee shall furnish the
Participant with written notification informing him of his right to waive the
death benefit provided under Section 2.4(A)(3) above and the consequences of
such a waiver. Any Participant who has waived the death benefit provided under
Section 2.4(A)(3) may subsequently revoke such waiver at any time prior to the
date as of which his retirement income payments are to commence by filing
written notice of such revocation with the Committee prior to the date on which
such revocation is to become effective. Any Participant who has waived the death
benefit provided under Section 2.4(A)(3) and who subsequently marries or
remarries after such waiver and prior to the commencement of his retirement
income shall automatically be deemed to have revoked his prior waiver of such
death benefit effective as of the first anniversary of the date of such marriage
or remarriage unless his spouse (following such marriage or remarriage) consents
to the waiver of such death benefit.

         (5) Any Participant, who is entitled to a benefit under the provisions
of Section 2.4(A)(1) above and who is married on the date as of which retirement
income payments are due to commence under Section 2.4(A)(1) above or who is
married on the date of his death and on whose behalf a benefit is payable under
Section 2.4(A)(3) above, shall be assumed for the purposes of this Section
2.4(A) to have been married for the total period of time after the date of
termination of his service and prior to the date as of which such retirement
income payments are due to commence or the date of his death, whichever is
earlier, except for such portions, if any, of such period of time for which
evidence is furnished to the Committee which, in the opinion of the Committee,
satisfactorily proves that the Participant was not married.

         (6) The provisions of Sections 3.1 and 4 hereof are applicable to the
benefits provided under this Section 2.4(A).

         (7) Except as specifically provided otherwise in any Supplement hereto
and unless specifically provided otherwise in the Plan, the Participant whose
service is terminated prior to his Initial Vesting Date shall not be entitled to
any benefit under the Plan whatever, and the value of such Participant's accrued
benefit shall be forfeited as of the date of termination of his service and used
to reduce Employer contributions.

         (B) Benefit Payable in Event of Death While in Service. (1) If the
service of a Participant is terminated by reason of his death on or after his
Initial Vesting Date and prior to his Required Beginning Date, there shall be
payable to the Participant's designated Beneficiary the monthly retirement
income, beginning on the first day of the month coincident with or next
following the date of the Participant's death, that can be provided on an
actuarially equivalent basis by the greater of:

                   (a) if the Participant's service is terminated by reason of
         his death prior to his Normal Retirement Date and prior to the date as
         of which he will have both attained the age of 55 years and completed
         10 years of Vesting Service, the single-sum value, determined as of the
         date of his death, of the Accrued Deferred Monthly Retirement Income
         Commencing at Normal Retirement Date that the as accrued to the date of
         his death; or

                                      -37-
<PAGE>

                   (b) if the Participant's service is terminated by reason of
         his death on or after the date as of which he has both attained the age
         of 55 years and completed 10 years of Vesting Service or on or after
         his Normal Retirement Date, the single-sum value, determined
         immediately prior to the Participant's death, of the monthly retirement
         income that the Participant would have been entitled to receive under
         the provisions of Section 2.1 or 2.2 hereof, whichever would have
         applied, if he had retired from the service of the Employer on the date
         of his death.

         (2) Except as provided in Section 2.4(B)(3) below and subject to the
provisions of Section 2.4(B)(4) below, the monthly retirement income payments
under this Section 2.4(B) shall be payable for the life of the Beneficiary
designated or selected under Section 5.2 hereof to receive such benefit, and, in
the event of such Beneficiary's death within a period of 10 years after the
Participant's death, the same monthly amount that was payable to the Beneficiary
shall be payable for the remainder of such 10-year period in the manner and
subject to the provisions of Section 5.3 hereof.

         (3) A Participant may elect, or, in the event that an election has not
been made by the Participant and filed with the Committee prior to his death,
his designated Beneficiary may elect in writing filed with the Committee, that
in lieu of payment of the benefit provided under this Section 2.4(B) (or, if
applicable, under Section 2.4(A)(3) hereof) in the manner described above, such
benefit will be paid on an actuarially equivalent basis to the designated
Beneficiary on the first day of any month that is on or after the date of the
Participant's death and is on or prior to the Participant's Required Beginning
Date and is payable in accordance with one of the options described below:

                  OPTION A: A monthly retirement income in equal amounts that is
         payable to the Beneficiary for his lifetime.

                  OPTION B: A monthly retirement income in equal amounts that is
         payable to the Beneficiary for a period certain of 60 months or 120
         months, whichever number of months is specified by the Participant or
         his Beneficiary, as the case may be, in his written election filed with
         the Committee. In the event of the Beneficiary's death prior to the
         expiration of such specified period certain, the same monthly amount
         shall be payable for the remainder of the specified period certain in
         the manner and subject to the provisions of Section 5.3 hereof.

provided, however, that payment of any such benefit shall be subject to the
provisions of Section 2.4(B)(4) below.

         (4) Any form of payment applicable to the death benefit provided under
this Section 2.4(B) (or, if applicable under Section 2.4(A)(3) hereof), which
has been designated by a Participant prior to January 1, 1984 under the terms of
the Superseded Plan and which satisfies the transitional rule in Section
242(b)(2) of the Tax Equity and Fiscal Responsibility Act of 1982 (P.L. 97-248),
will continue in effect on and after the Effective Date of the Plan with respect
to the death benefits provided under this Section 2.4(B) (or, if applicable,
under Section 2.4(A)(3) hereof) unless such designated form of payment has been
or is subsequently revoked or changed (a change of Beneficiaries under the
designation will not be considered to be a revocation or change of such form of
payment so long as the change in Beneficiaries does not alter, directly or

                                      -38-
<PAGE>

indirectly, the period over which distributions are to be made under such form
of payment); provided, however, if a Participant, whose death occurs on or after
his Initial Vesting Date, had been married to his spouse throughout the one-year
period immediately preceding his death and he had designated a person other than
his spouse as his Beneficiary and such spouse has not consented to such other
person being designated, the provisions of Section 4.1(D) hereof shall apply
with respect to payments due his surviving spouse, if any. Subject to the
preceding sentence and except to the extent otherwise permissible under Section
401(a)(9) of the Internal Revenue Code and regulations issued pursuant thereto,
the benefit payable under this Section 2.4(B) (or, if applicable, under Section
2.4(A)(3) hereof) on behalf of any Participant must be payable in a manner that
satisfies the restrictions of Section 401(a)(9) of the Internal Revenue Code and
must:

                   (a) commence not later than the Participant's Required
         Beginning Date; provided, however, if the Beneficiary is not the
         Participant's spouse, distribution must commence not later than one
         year after the date of the Participant's death or, if the Participant's
         surviving spouse was his Beneficiary and such surviving spouse dies
         prior to the commencement of benefit payments, distribution must
         commence not later than one year after the date of such surviving
         spouses death; and

                  (b) be distributed to the Participant's Beneficiary over one
         or a combination of the following periods:

                  (i) the life of his Beneficiary; or

                  (ii) a period certain not extending beyond the life expectancy
         of the Beneficiary;

provided, however, if the Participant has no designated Beneficiary or if the
designated Beneficiary is not a living person, such benefit must be distributed
in its entirety to the Beneficiary not later than the fifty anniversary of the
date of (i) the Participant's death or (ii) the death of the Participant's
spouse, whichever death is the later to occur. Any amount payable to a child of
the Participant shall be treated for the purposes of this Section 2.4(B)(4) as
if it had been payable to the surviving spouse of the Participant if such amount
that is payable to the child will become payable to such surviving spouse upon
such child's reaching majority (or upon the occurrence of such other designated
event permitted under regulations issued with respect to Section 401(a)(9) of
the Internal Revenue Code). In the event that the Beneficiary to receive the
death benefit payable under Section 2.4(A)(3) or 2.4(B) hereof on behalf of a
Participant whose death occurs prior to his Normal Retirement Date is his
surviving spouse, the retirement income payable to such surviving spouse under
Section 2.4(A)(3) or 2.4(B) hereof shall be deferred and be payable on an
actuarially equivalent basis to such surviving spouse commencing on the
Participant's Normal Retirement Date, if such surviving spouse is then living,
unless (i) the surviving spouse consents or elects in writing to receive such
benefit commencing as of a date that is prior to the Participant's Normal
Retirement Date and is on or after the date of the Participant's death, (ii) the
date of death of the Participant is prior to his Initial Vesting Date, (iii) the
Participant had not been married to his surviving spouse throughout the one-year
period immediately preceding his death or (iv) a lump-sum payment is payable to
his surviving spouse under the provisions of Section 3.2 hereof.

                                      -39-
<PAGE>

         (5) If the service of a Participant is terminated by reason of his
death on or after his Required Beginning Date, no benefit will be payable to his
Beneficiary under the provisions of this Section 2.4(B). Additional retirement
income payments may be payable, however, after the Participant's death to his
joint pensioner or other Beneficiary, depending upon the form of payment of the
retirement income that the Participant was receiving immediately prior to his
death and taking into account the increase, if any, that would have applied
under the provisions of Section 2.1(D) hereof to the amount of retirement income
payable to the Participant commencing as of the first day of the month
coincident with or next following the date of the Participant's death if the
Participant had retired immediately prior to his death and had survived to such
day.

         Section 2.5. Benefits Paid at Committee's Discretion. Benefits under
this Plan will be paid only if the Committee decides in its discretion that the
applicant is entitled to them.

SECTION 3. SPECIAL PROVISIONS REGARDING PAYMENT OF BENEFITS.

         Section 3.1. Optional Forms of Retirement Income. In lieu of the amount
and form of retirement income payable in the event of normal retirement, early
retirement or termination of service, as specified in Sections 2.1, 2.2 and
2.4(A) hereof and as subjected to the provisions of Section 4.1 hereof a
Participant, upon written request to the Committee, may elect to receive a
retirement income or benefit of equivalent actuarial value payable in accordance
with one of the options described below commencing on the date as of which such
retirement income is due under the provisions of Section 2.1, 2.2 or 2.4(A)
hereof, whichever is applicable, or commencing on such later date, which shall
not be later than his Required Beginning Date, as the Participant may specify in
his written request to the Committee.

                  OPTION 1: A retirement income of smaller monthly amount that
         is payable in equal monthly amounts to the Participant for his
         lifetime, and, in the event of his death within a period of 10 years
         after the date as of which his retirement income payments first
         commenced, the same monthly amount that was payable to the Participant
         will be payable for the remainder of the 10-year period to a
         Beneficiary designated by him.

                  OPTION 2: A retirement income of modified monthly amount that
         is payable in equal monthly amounts to the participant during the joint
         lifetime of the participant and a joint pensioner designated by him,
         and, following the death of either of them, 66-2/3% of such modified
         monthly amount will be payable to the survivor for the lifetime of the
         survivor.

                  OPTION 3: A retirement income of smaller monthly amount that
         is payable in equal monthly amounts to the Participant during the joint
         lifetime of the Participant and a joint pensioner designated by him,
         and, following the death of either of them, 100% of such modified
         monthly amount will be payable to the survivor for the lifetime of the
         survivor.

                  OPTION 4: A retirement income of smaller monthly amount that
         is payable to the Participant for his lifetime, and, in the event that
         the Participant predeceases his spouse (to whom he married on his
         Annuity Starting Date), 60% of such modified monthly

                                      -40-
<PAGE>
         amount will be payable after the death of the Participant to such
         surviving spouse for the lifetime of such surviving spouse.

         The amount of retirement income determined under any of the above
optional forms of payment must satisfy the requirements of Sections 401(a)(4)
and 401(1) of the Internal Revenue Code and rulings and regulations issued with
respect thereto, and, any provisions hereof to the contrary notwithstanding, any
optional form of payment which would otherwise be permitted under the provisions
of this Section 3.1 shall not be available to a Participant if the amount of
retirement income payable under such option would result in the amount of
retirement income payable on behalf of such Participant under the Plan being
increased by a percentage that would cause the disparity in the rate of
employer-derived benefits under the Plan to exceed the maximum disparity
permitted under Sections 401(a)(4) and 401(1) of the Internal Revenue Code and
rulings and regulations issued with respect thereto.

         Any optional form of payment designated by a Participant prior to
January 1, 1984, which satisfies the transitional rule in Section 242(b)(2) of
the Tax Equity and Fiscal Responsibility Act of 1982 (P.L. 97-248), will
continue in effect on and after the Effective Date of the Plan unless such
optional form of payment has been or is subsequently revoked or changed (a
change of Beneficiaries under the designation will not be considered to be a
revocation or change of such optional form of payment so long as the change in
Beneficiaries does not alter, directly or indirectly, the period over which
distributions are to be made under such form of payment); provided, however,
that the provisions of Section 4.1(C) hereof shall apply if the Participant has
a spouse at the date on which his initial payment under such optional form is
due and his spouse does not consent to such optional form of payment. Subject to
the preceding sentence but notwithstanding any other provision of this Section
3.1 to the contrary, any option elected under this Section 3.1 must provide that
the entire interest of the Participant will be expected to be distributed to the
Participant and his Beneficiaries and joint pensioners, in a manner that
satisfies the restrictions of Section 401(a)(9) of the Internal Revenue Code,
over one or a combination of the following periods:

                   (a)     the life of the Participant;

                   (b) the lives of the Participant and his designated
         Beneficiary or joint pensioner;

                   (c) a period certain not extending beyond the life expectancy
         of the Participant; or

                   (d) a period certain not extending beyond the joint life and
         last survivor expectancy of the Participant and his designated
         Beneficiary or joint pensioner.

Any amount that is payable to the child of a Participant under an optional form
of payment hereunder shall be treated for the purposes of satisfying the
requirements of this paragraph as if it had been payable to the surviving spouse
of the Participant if such amount that is payable to the child will become
payable to such surviving spouse upon such child's reaching majority (or upon
the occurrence of such other designated event permitted under regulations issued
with respect to Section 401(a)(9) of the Internal Revenue Code).

         A Participant who is not permitted to elect an optional form of payment
otherwise permitted under the provisions of this Section 3.1 because of the
limitations imposed by Section 401(a)(9) and/or Section 401(1) of the Internal
Revenue Code may elect in accordance with the provisions above to receive an
actuarially equivalent form of payment which is similar in form to the
non-permissible option but which is modified by increasing or decreasing, as the
case may be, the period certain for which payments will be made and/or the
percentage of income payable to the survivor so that the requirements of
Sections 401(a)(9) and 401(1) of the Internal Revenue Code are satisfied.

         The Participant upon electing any option of this section will designate
the joint pensioner or Beneficiary to receive the benefit, if any, payable under
the Plan in the event of his death and will have the power to change such
designation at any time prior to the commencement of his retirement income
payments, subject to the provisions of this section. Any such designation will
name a Joint pensioner or one or more primary Beneficiaries where applicable. If
a Participant is receiving payments under a form in which a Beneficiary is
involved, he may change his designated Beneficiary (but not his designated joint
pensioner) after his retirement income payments have commenced. The Committee
shall require the consent of the Participant's spouse, if any, before any such
change in Beneficiary or joint pensioner under an option in which the spouse is
not the primary Beneficiary or joint pensioner may become effective, unless, to
the extent permitted by law, such spouse has previously consented to and
acknowledged that the Participant may change Beneficiaries or joint pensioners
without the further consent of said spouse. Each such designation will be made
in writing on a form prepared by the Committee. In the event that no

                                      -41-
<PAGE>

designated Beneficiary survives the Participant, such benefits as are payable in
the event of the death of the Participant subsequent to his retirement shall be
paid as provided in Section 5.2 hereof.

         Retirement income payments will be made under the option elected in
accordance with the provisions of this section and will be subject to the
following limitations:

                   (A) If a Participant's service is terminated by reason of his
         death prior to this Annuity Starting Date, no benefit will be payable
         on his behalf in accordance with the provisions of Section 2.4(B)
         hereof.

                   (B) If a terminated Participant dies after the date of
         termination of his service and prior to his Annuity Starting Date, no
         benefit will be payable under the option to any person, but a benefit
         may be payable on his behalf under the provisions of Section 2.4(A)(3)
         hereof.

                   (C) In the case of a Participant who is married and who
         elects an option under which the commencement of payment of his
         retirement income is deferred beyond his regularly scheduled Annuity
         Starting Date, the option elected by such Participant must provide that
         a monthly lifetime income equal to or greater than a qualified
         preretirement survivor annuity (within the meaning of Section 417(c) of
         the Internal Revenue Code) will be payable to his surviving spouse in
         the event of his death after such regularly scheduled Annuity Starting
         Date and prior to his elected Annuity Starting Date unless his spouse
         consents to the option not providing such an income.

                   (D) If the designated Beneficiary or joint pensioner dies
         before the Participant's Annuity Starting Date, the option elected will
         be cancelled automatically and the retirement income payable to the
         Participant will be paid in the applicable form described in Section 2
         hereof unless a new election is made in accordance with the provisions
         of this section or unless a new Beneficiary or joint pensioner is
         designated by the Participant prior to the date that his retirement
         income commences under the Plan and within 90 days after the death of
         the prior Beneficiary or joint pensioner.

                   (E) If the Participant and, if applicable, his joint
         pensioner and his designated Beneficiary all die after the
         Participant's Annuity Starting Date but before the full payment has
         been effected under any option providing for payments for a period
         certain and if the commuted value of the remaining payments is equal to
         or less than the maximum amount that is permissible as an involuntary
         cashout of accrued benefits under Sections 411(a)(11) and 417(e) of the
         Internal Revenue Code and regulations issued with respect thereto, the
         commuted value of the remaining payments shall, subject to the
         provisions of Section 3.2 hereof, be paid in a lump sum in accordance
         with the provisions of Section 5.3 hereof.

                   (F) If the Participant dies after his Annuity Starting Date,
         payment of his remaining interest, if any, shall be distributed, to the
         extent required by Section 401(a)(9) of the Internal Revenue Code and
         regulations issued with respect thereto, at least as rapidly as
         provided under the method of payment in effect prior to his death.

                                      -43-
<PAGE>

                  With respect to distributions under the Plan made for calendar
         years beginning on or after January 1, 2001, the Plan will apply the
         minimum distribution requirements of Section 401(a)(9) of the Internal
         Revenue Code in accordance with the regulations under Section 401(a)(9)
         that were proposed in January 2001, notwithstanding any provision of
         the Plan to the contrary. This amendment shall continue in effect until
         the end of the last calendar year beginning before the effective date
         of final regulations under Section 401(a)(9) or such other date as may
         be specified in guidance published by the Internal Revenue Service.

         Section 3.2. Lump-Sum Payment of Small Retirement Income.
Notwithstanding any provision of the plan to the contrary, if the service of a
Participant is terminated prior to the date of termination (or partial
termination if applicable to the Participant involved) of the Plan and either
(a) the single-sum value, determined as of the date of the Participant's
retirement or termination of service, of the retirement income or other benefit
payable to any person entitled to any benefit hereunder is equal to or less than
(i) $10,000 or (ii) the maximum amount that is permissible as an involuntary
cash-out of accrued benefits under Sections 411(a)(11) and 417(e) of the
Internal Revenue Code and regulations issued with respect thereto, whichever is
greater or (b) either (i) the amount of the Accrued Deferred Monthly Retirement
Income Commencing at Normal Retirement Date that the Participant has accrued as
of the date of his retirement or termination of service or (ii) the amount of
the monthly retirement income payable to the Participant on the Annuity Starting
Date (or to his Beneficiary on the Annuity Starting Date in the event of the
Participant's death prior to such date) is equal to or less than $200, the
following provisions shall apply.

         (A) Involuntary Cash-Out. If the single-sum value of the benefit
payable to or on behalf of the Participant does not exceed, and, only with
respect to distributions made prior to October 17, 2000, has never exceeded at
the time of any prior distribution, the maximum amount that is permissible as an
involuntary cash-out of accrued benefits under Sections 41l(a)(11) and 417(e) of
the Internal Revenue Code and regulations issued with respect thereto ($3,500 as
of Plan Years beginning before August 6, 1997 and, as of Plan Years beginning
after August 5, 1997, $5,000) and such benefit is payable on or prior to the
Participants Annuity Starting Date, the actuarial equivalent of such benefit
shall be paid in a lump sum. For the purposes of the Plan, a payment shall not
be considered to occur after the Annuity Starting Date merely because actual
payment is reasonably delayed for calculation of the benefit amount if all
payments due are actually made.

         (B) Voluntary Cash-Out. If the single-sum value of the benefit payable
to or on behalf of the Participant is greater than the maximum amount that is
permissible as an involuntary cash-out of accrued benefits under Sections
411(a)(11) and 417(e) of the Internal Revenue Code and regulations issued with
respect thereto or if such benefit is payable after the Annuity Starting Date,
such person may elect to receive:

                   (1) the actuarial equivalent (determined using the interest
         and mortality assumptions that are being used as of the date as of
         which such benefit is payable to determine actuarially equivalent
         lump-sum distributions) of such benefit in a lump-sum distribution; or

                   (2) to the extent required by Section 417 of the Internal
         Revenue Code and regulations issued with respect thereto, the actuarial
         equivalent (determined using the

                                      -44-
<PAGE>

         interest and mortality assumptions that are being used as of the date
         of termination of the Participant's service to determine actuarially
         equivalent non-decreasing annuities) of such benefit payable in the
         form of a Qualified Joint and 50% Survivor Annuity if he is married or
         in the form of a monthly retirement me payable for life if he is not
         married.

Such election must be in writing and must be filed with the Committee within 90
days after the date as of which the Committee informs him in writing of the
actuarially equivalent value of such benefits. If a lump-sum distribution is
elected and the Participant is married, the consent of the Participant's spouse
must also be filed with the Committee within such election period. Payment of
the elected benefit must be made or commence within 90 days after such election
and, if applicable, such consent have been received by the Committee.

         (C) Lump-Sum Cash-Out of Zero Accrued Benefits. For the purposes of the
Plan, if the present value of the vested accrued benefit of any Participant
whose service is or has been terminated (either before, on or after January 1,
1989) is zero, the Participant shall be deemed to have received a distribution
of such vested accrued benefit as of the date of termination of his service.

         Section 3.3. Benefits Applicable to Participant Who Has Been or Is
Employed by Two or More Employers. In the event that a Participant's service is
terminated for any reason and such Participant has been or is employed by any
two or more Employers who are Controlled Group Members of the same group, his
retirement or termination benefit, if any, accrued with those Employers who are
Controlled Group Members of the same group shall be computed by applying the
benefit formulas as if all of the Employers who are Controlled Group Members of
the same group were a single Employer; provided, however, if the Plan does not
represent a single plan with respect to all such Employers, there must be a
proper allocation (taking into account the Credited Service and Compensation
applicable to each such Employer or group of such Employers with respect to
which the Plan represents a single plan) of the costs of the resulting benefits
among such Employers (with respect to which the Plan does not represent a single
plan) by which such Participant has been or is employed.

         In the event that a Participant's service is terminated for any reason
and such Participant has, been or is employed by two or more Employers that are
not Controlled Group Members of the same group, his retirement or termination
benefit if any, shall be computed in accordance with the provisions of the
paragraph above with respect to each Employer or group of Employers, as the case
may be, who are Controlled Group Members of the same group, taking into account
the Credited Service and Compensation applicable to that group only. The total
benefit payable to the Participant under the Plan shall be the sum of the
amounts determined for each group of Controlled Group Members (where any such
group of Controlled Group Members may be comprised of only one Employer).

         Section 3.4. No Duplication of Benefits. Unless the context clearly
provides otherwise, there shall be no duplication of benefits under the Plan or
under any Supplement hereto, and the benefits payable under any section of the
Plan to or on behalf of a Participant shall be inclusive of the benefits, if
any, concurrently payable to or on behalf of the same Participant under all
other sections of the Plan and under any Supplement hereto.

                                      -45-
<PAGE>

         Section 3.5. Funding of Benefits Through Purchase of Life Insurance
Contract or Contracts. In lieu of paying benefits from the Trust Fund to a
Participant or his Beneficiary, upon direction of the Committee with specific
prior authorization in writing from the Employer, the Trustee shall enter into a
contract or contracts, or an agreement or agreements, with one or more legal
reserve life insurance companies for the purchase, with funds in the Trust, of a
retirement annuity or other form of life insurance contract which, as far as
possible, provides benefits equal to (or actuarially equivalent to) those
provided in the Plan for such Participant or Beneficiary, but provides no
optional form of retirement income or benefit which would not be permitted under
Section 3.1 hereof, whereupon such contract shall thereafter govern the Payment
of the amount of benefit, if any, represented by such contract, which is payable
under the Plan upon the Participant's retirement or termination of service, and
the liability of the Trust Fund and of the Plan will cease and terminate with
respect to such benefits that are purchased and for which the premiums are duly
paid.

         Any policy or contract issued under this section shall be subject to
the provisions hereof pertaining to the Qualified Joint and 50% Survivor Annuity
Option and to the Qualified Preretirement Survivor Annuity.

         Any policy or contract issued under this section prior to the
termination of the Plan or prior to the distribution of the policy or contract
to a Participant or Beneficiary hereunder shall provide that the Trustee shall
retain all rights of ownership at all times except the right, unless such policy
or contract provides otherwise, to designate the Beneficiary to receive any
benefits payable upon the death of the Participant and shall further provide
that all dividends or experience rating credits shall be paid to the Trustee and
applied to reduce future Employer contributions to the Plan.

         Any annuity contract distributed by the Trustee to a Participant or
Beneficiary hereunder shall contain a provision to the effect that the contract
may not be sold, assigned, discounted or pledged as collateral for a loan or as
security for the performance of an obligation or for any other purpose, to any
person other than the issuer thereof.

SECTION 4. GOVERNMENTAL REQUIREMENTS AFFECTING BENEFITS

         Section 4.1. Special Provisions Regarding Amount and Payment of
Retirement Income. The amount and payment of retirement income determined under
Sections 2.1, 2.2 and 2.4 hereof shall be subjected to the following provisions
of this Section 4.1.

         (A) Limitations Imposed by Section 415 of Internal Revenue Code.

                   (1) Maximum Amount of Retirement Income. Any provisions
         herein to the contrary notwithstanding, in no event shall the monthly
         retirement income that is payable on or after the first day of the
         limitation year beginning in 1987 to a Participant hereunder exceed the
         maximum amount of retirement income for defined benefit plans as
         specified in Section 415 of the Internal Revenue Code and regulations
         and rulings issued pursuant thereto; provided, however, that:

                                      -46-
<PAGE>

                            (a) the maximum amount of retirement income
                  applicable to a Participant who was a participant in the
                  Superseded Plan, if any, before the limitation year beginning
                  in 1983 and whose Credited Service includes service that was
                  accrued prior to such limitation year, shall not be less than
                  his current accrued benefit within the meaning of Section
                  235(g)(4) of the Tax Equity and Fiscal Responsibility Act of
                  1982;

                  and

                            (b) such maximum amount of retirement income
                  applicable to a Participant who was a participant in the
                  Superseded Plan, if any, before the limitation year beginning
                  in 1987 and whose Credited Service includes service that was
                  accrued prior to such limitation year, shall not be less than
                  his current accrued benefit within the meaning of Section
                  1106(i)(3)(B) of the Tax Reform Act of 1986;

and provided further, however, only for Plan Years beginning before January 1,
2000, in the event that the sum of the defined benefit plan fraction and defined
contribution plan fraction of a Participant, who is a participant in both a
defined benefit plan and a defined contribution plan maintained by any
Controlled Group Members, would exceed 1.0, the monthly retirement income
payable on his behalf under the defined benefit plans shall be reduced to the
amount that will result in such sum being equal to 1.0. In determining the
maximum monthly retirement income payable on behalf of any Participant, all
defined benefit plans (whether or not terminated) of the Controlled Group
Members are to be treated as one defined benefit plan; and all defined
contribution plans (whether or not terminated) of the Controlled Group Members
are to be treated as one defined contribution plan. The proportion of the
maximum monthly retirement income applicable to all such defined benefit plans
of the Controlled Group Members shall be determined on a pro rata basis
depending upon the actuarially equivalent amount of retirement income otherwise
accrued under each such defined benefit plan.

                   (2) Actuarial Assumptions. The mortality and interest
         assumptions that are used to compute the actuarially equivalent maximum
         amounts of retirement income permitted under the provisions of this
         Section 4.1(A) shall be the same as those that are used in computing
         actuarially equivalent benefits payable on behalf of a Participant upon
         his retirement or termination of service and upon the exercise of
         optional forms of retirement income under the Plan except that:

                            (a) the interest rate assumption shall not be less
                  than 5% for the purposes of converting the maximum retirement
                  income to a form other than a straight life annuity (with no
                  ancillary benefits);

                            (b) the interest rate assumption shall not be
                  greater than 5% for the purposes of adjusting the maximum
                  retirement income payable to a Participant who is over the
                  social security retirement age within the meaning of Section
                  415(b)(8) of the Internal Revenue Code (or age 65 in the case
                  of a governmental plan or a plan maintained by a tax exempt
                  organization) so that it is actuarially equivalent to such a
                  retirement income commencing at the social

                                      -47-
<PAGE>

                  security retirement age (or age 65 in the case of a
                  governmental plan or a plan maintained by a tax exempt
                  organization); and

                            (c) the factor for adjusting the maximum permissible
                  retirement income to a Participant who is less than age 62
                  years so that it is actuarially equivalent to such a
                  retirement income commencing at age 62 years shall be equal to
                  (i) the factor for determining actuarially equivalence for
                  early retirement under the Plan or (ii) an actuarially
                  computed reduction factor determined using an interest rate
                  assumption of 5% and the mortality assumptions that apply in
                  determining actuarially equivalent monthly retirement incomes
                  under the Plan (except that the mortality decrement shall be
                  ignored if a death benefit at least equal to the single-sum
                  value of the Participant's Accrued Deferred Monthly Retirement
                  Income Commencing at Normal Retirement Date would be payable
                  under the Plan on behalf of the Participant if he remained in
                  the service of the Employer and his service were to be
                  terminated by reason of his death prior to his Normal
                  Retirement Date), whichever factor will provide the greater
                  reduction. The factor for determining actuarial equivalence
                  for early retirement under the Plan for any given age below
                  age 62 years shall be determined by dividing (aa) the early
                  retirement adjustment factor that applies under the Plan at
                  such given age by (bb) the early retirement adjustment factor
                  that applies under the Plan at age 62 years (where such
                  actuarial conversion factors used in (aa) and (bb) above shall
                  be determined in accordance with the provisions of this
                  Section 4.1(A). If more than one formula applies in
                  determining the Participant's accrued retirement income and
                  the same early retirement adjustment factors do not apply
                  under all of the formulas, the early retirement adjustment
                  factor that applies under the Plan for the purposes of this
                  Section 4.1(A) shall refer to the factor that applies under
                  the applicable formula used to compute the amount of his
                  accrued retirement income under the Plan.

                   (3) Cost-of-Living Adjustments. In the event that the maximum
         amount of retirement income permitted under Section 415 of the Internal
         Revenue Code is increased after the date of commencement of a
         Participant's retirement income due to any cost-of-living adjustment
         announced by the Internal Revenue Service pursuant to the provisions of
         Section 415(d) of the Internal Revenue Code, the amount of monthly
         retirement income payable under the Plan to a Participant whose
         retirement income is restricted due to the provisions of such section
         of the Internal Revenue Code shall be increased, effective as of
         January 1st of the calendar year for which such increase becomes
         effective or, if applicable, as of such other date as the Secretary of
         the Treasury or his delegate may prescribe as the date on which such
         increase shall become effective, to reflect the increase in the amount
         of retirement income that may be payable under the Plan as a result of
         such cost-of-living adjustment; provided, however, if the Employer
         maintains an "excess benefit plan" (within the meaning of Section 3(36)
         of the Employee Retirement Income Security Act of 1974) solely for the
         purpose of providing benefits for certain Participants in excess of the
         limitations on contributions and benefits imposed by Section 415 of the
         Internal Revenue Code and if the Participant or his Beneficiary
         receives or has received a benefit or benefits under such excess
         benefit plan and a portion of such benefit or benefits would be
         duplicated by the cost-of-living adjustment provided under this
         paragraph, then such cost-of-living adjustment that would represent a
         duplication of

                                      -48-
<PAGE>
         benefits shall not apply to the Participant or Beneficiary unless the
         value of the benefit payable from the excess benefit plan that would
         cause such duplication of benefits under this Plan is returned to the
         Employer by the Participant or Beneficiary within 60 days of the
         effective date of such cost-of-living adjustment or the date that such
         cost-of-living adjustment is announced by the Internal Revenue Service,
         whichever date is later; and provided further, however, that such
         60-day period may be extended by the Committee if, in its opinion,
         reasonable cause exists for such an extension.

                  (4) IRC Section 415 Definitions. Following are certain terms
         that are used herein for the purposes of the limitations under Section
         415 of the Internal Revenue Code and that shall have the meanings
         assigned to them in Section 415 of said Code and regulations and
         rulings issued with respect thereto:

                      (a) The term "defined benefit plan" shall have the
                  meaning assigned in Section 414(j) of the Internal Revenue
                  Code.

                      (b) For Plan Years beginning before January 1, 2000,
                  the term "defined benefit plan fraction" is the fraction in
                  which the numerator is the Participant's projected annual
                  benefit (determined as of the end of the limitation year)
                  under all defined benefit plans of the Controlled Group
                  Members and the denominator is the lesser of (i) 1.25
                  multiplied by the dollar limitation in effect under Section
                  415(b)(1)(A) of the Internal Revenue Code (as modified by the
                  provisions of Section 415(d) of said Code) for such limitation
                  year or (ii) 1.4 multiplied by the amount that may be taken
                  into account under Section 415(b)(1)(B) of the Internal
                  Revenue Code for such limitation year.

                      (c) The term "defined contribution plan" shall have
                  the meaning assigned in Section 414(i) of the Internal Revenue
                  Code.

                      (d) For Plan Years beginning before January 1, 2000,
                  the term "defined contribution plan fraction" is, subject to
                  any transition adjustments allowed by law and adopted by the
                  Committee, the fraction in which the numerator is the sum of
                  the actual annual additions (where such annual additions shall
                  have the meaning assigned in Section 415(c) of the Internal
                  Revenue Code and regulations and rulings issued with respect
                  thereto) to the Participant's accounts in such limitation year
                  and for all prior limitation years under all defined
                  contribution plans of the Controlled Group Members and the
                  denominator is the sum of the lesser of the following amounts
                  determined for each limitation year during such Participant's
                  employment (assuming for this purpose that Sections 415(c) and
                  415(d) of the Internal Revenue Code had been in effect during
                  all prior limitation years of such Participant's employment):
                  (i) 1.25 multiplied by the dollar limitation in effect under
                  Section 415(c) of the Internal Revenue Code (as modified by
                  the provisions of Section 415(d) of said Code) for the
                  applicable limitation year and (ii) 1.4 multiplied by 25% of
                  the Participant's IRC 415 Compensation for the applicable
                  limitation year.

                      (e) The term "IRC 415 Compensation" shall include
                  (i) wages, salaries, fees for professional services, and other
                  amounts received (without regard to

                                      -49-

<PAGE>

                  whether or not an amount is paid in cash) for personal
                  services actually rendered in the course of employment with
                  the Employer to the extent that the amounts are includable in
                  gross income (including, but not limited to, commissions paid
                  salesmen, compensation for services on the basis of a
                  percentage of profits, commissions on insurance premiums,
                  tips, bonuses, fringe benefits, reimbursements and expense
                  allowances), (ii) earned income (as described in Section
                  401(c)(2) of the Internal Revenue Code and the regulations
                  thereunder), (iii) amounts described in Sections 104(a)(3),
                  105(a) and 105(h) of the Internal Revenue Code, but only to
                  the extent that these amounts are includable in the gross
                  income of the Participant, (iv) amounts paid or reimbursed by
                  the Employer for moving expenses incurred by the Participant,
                  but only to the extent that these amounts are not deductible
                  by the Participant under Section 217 of the Internal Revenue
                  Code, (v) the value of a non-qualified stock option granted to
                  the Participant by the Employer, but only to the extent that
                  the value of the stock option is includable in the gross
                  income of the Participant for the taxable year in which
                  granted, (vi) the amount includable in the gross income of the
                  Participant upon making the election described in Section
                  83(b) of the Internal Revenue Code and (vii) any amounts
                  received by the Participant pursuant to an unfunded
                  non-qualified plan in the year such amounts are includable in
                  the gross income of the Participant. The amounts described in
                  (i) and (ii) above shall include foreign earned income as
                  defined in Section 911(b) of the Internal Revenue Code,
                  whether or not excludable from gross income under Section 911
                  of said Code. Such compensation shall exclude (1)
                  contributions by the Employer to a plan of deferred
                  compensation which are not included in the Participant's gross
                  income for the taxable year in which contributed, (2)
                  contributions by the Employer under a simplified employee
                  pension plan to the extent such contributions are deductible
                  by the Participant, (3) any distribution from a plan of
                  deferred compensation, (4) amounts realized from the exercise
                  of a non-qualified stock option, (5) amounts realized when
                  restricted stock (or property) held by the Participant either
                  becomes freely transferable or is no longer subject to a
                  substantial risk of forfeiture, (6) amounts realized from the
                  sale, exchange or other disposition of stock acquired under a
                  qualified stock option, (7) other amounts which received
                  special tax benefits and (8) contributions made by the
                  Employer (whether or not under a salary reduction agreement)
                  towards the purchase of an annuity described in Section 403(b)
                  of the Internal Revenue Code (whether or not the amounts are
                  actually excludable from the gross income of the Participant).

                      For Plan Years beginning after December 31, 1997,
                  Compensation shall include amounts deferred pursuant to
                  Sections 401(k), 403(b) and 457 of the Internal Revenue Code
                  or contributed pursuant to Sections 125 and 132(f)(4) of the
                  Internal Revenue Code.

                      (f) The term "limitation year" is the 12-month
                  period which is used for application of the limitations under
                  Section 415 of the Internal Revenue Code and, unless a
                  different 12-month period has been elected by the Employer in
                  accordance with rules or regulations issued by the Internal
                  Revenue Service or the Department of Labor, shall be the
                  calendar year.

                                      -50-

<PAGE>

         (B) Minimum Benefits on Normal or Early Retirement. Any provisions of
Section 2.1 or Section 2.2 hereof to the contrary notwithstanding, in the event
of the normal retirement or early retirement of a Participant in accordance with
the provisions of Section 2.1 or 2.2 hereof, his monthly retirement income
determined in accordance with the provisions of Section 2.1(B) or 2.2(B) hereof,
whichever is applicable, shall not be less than the monthly retirement income,
if any, determined in accordance with the provisions of Section 2.1(B) or 2.2(B)
hereof that such Participant would have received as of any earlier date of
retirement if he had retired under the provisions of Section 2.1 or 2.2 at any
time prior to his actual date of retirement.

         (C) Minimum Benefits on Normal or Early Retirement. The Committee shall
provide each Participant, during the period beginning 90 days before his Annuity
Starting Date and ending 30 days before his Annuity Starting Date (or as soon
after the expiration of such period as is administratively practicable), written
notification of the terms and conditions of payment under Sections 2.1(C),
2.2(C) and 2.4(A)(2) hereof and, if the Participant is married, the terms and
conditions of payment provided under the Qualified Joint and 50% Survivor
Annuity Option and the relative financial effect on the Participant's retirement
income under such forms of payment. Any provisions of Section 2.1(C), 2.2(C),
2.4(A)(2) or 3.1 hereof to the contrary notwithstanding, if a Participant does
not elect, in writing filed with the Committee during the election period
described below, to receive the retirement income payable on his behalf either
(i) under the form of payment specified in Section 2.1(C), 2.2(C) or 2.4(A)(2),
whichever is applicable, or (ii) under an optional form of payment described in
and subject to the provisions of Section 3.1 hereof, such Participant shall be
deemed to have elected, and his retirement income shall automatically be payable
in accordance with the provisions of, either (a) if he does not have a spouse at
his Annuity Starting Date, the form of payment specified in Section 2.1(C),
2.2(C) or 2.4(A)(2), whichever is applicable, or (b) if he has a spouse at his
Annuity Starting Date, the Qualified Joint and 50% Survivor Annuity Option. Any
Participant may make an election under this section at any time (and any number
of times) during the period beginning on the date which is 90 days prior to his
Annuity Starting Date and ending on the latest to occur of (i) his Annuity
Starting Date, (ii) the date which is 90 days after the date on which he was
provided with the general written explanation described above or (iii) the date
which is 90 days after the date on which he was provided with any specific
detailed information concerning the payment of his retirement income that is
required to be furnished due to the request of the Participant. If any such
Participant does not file his election with the Committee prior to the
expiration of the election period described above, the commencement of his
retirement income will be delayed until the end of such election period or until
such earlier date as of which he files his election with the Committee, but he
will be entitled to a retroactive payment with respect to those retirement
income payments which were delayed. If any Participant has elected a form of
payment other than the automatic form provided above, he may subsequently revoke
such election, in writing filed with the Committee within the election period
described above, in order to receive his retirement income payable in accordance
with the automatic form provided above. Any provisions of Section 3.1 hereof to
the contrary notwithstanding, if any Participant is not provided with the
written notification described in the first sentence of this section at least 30
days before his Annuity Starting Date but he files his election with the
Committee, and his retirement income or other benefit commences, prior to the
date which is 30 days after the date on which he was provided with such written
notification, he may subsequently, in writing filed with the Committee prior to
the expiration of such 30-day period, revoke such election and elect to receive
his retirement income payable under any other form of payment that was available
to him on his Annuity Starting Date; provided, however, in order for such
revocation and new election to

                                      -51-

<PAGE>

become effective, he shall be required to return immediately to the Trust Fund
the portion, if any, of the payments that he has received that is in excess of
the payments due under his newly elected form of payment, or, at the option of
the Participant, future payments due under such newly elected form of payment
may be reduced, over a period not to exceed 36 months, until such excess has
been recovered. Any provisions herein to the contrary notwithstanding, the
consent of the Participant's spouse during the applicable election period shall
be required in order for the Participant to receive his retirement income in a
form other than that provided under Qualified Joint and Survivor Annuity.

         The annuity starting date for a distribution may be less than 30 days
after receipt of the written explanation described in the preceding paragraph
provided: (a) the Participant has been provided with information that clearly
indicates that the Participant has at least 30 days to consider whether to waive
the Qualified Joint and 50% Survivor Annuity Option and elect (with spousal
consent) to a form of distribution other than a Qualified Joint and 50% Survivor
Annuity Option; (b) the Participant is permitted to revoke any affirmative
distribution election at least until the annuity starting date or, if later, at
any time prior to the expiration of the 7-day period that begins the day after
the explanation of the Qualified Joint and 50% Survivor Annuity Option is
provided to the Participant; and (c) the Annuity Starting Date is a date after
the date that the written explanation was provided to the Participant.

         (D) Qualified Preretirement Survivor Annuity. If a deceased
Participant, whose death occurs on or after his Initial Vesting Date and prior
to this Annuity Starting Date had been married to his spouse throughout the
one-year period immediately preceding his death and he had designated a person
other than his spouse as his Beneficiary and such spouse has not consented to
such other person being designated as the Beneficiary, the Participant shall be
deemed to have:

                  (1) revoked his prior designation of Beneficiary;

                  (2) designated such spouse as his Beneficiary to receive a
         portion of the death benefit payable on his behalf under Section
         2.4(A)(3) or 2.4(B), whichever is applicable;

                  (3) specified that the portion of the benefit provided under
         Section 2.4(A)(3) or 2.4(B) that is payable to his surviving spouse
         will be payable as an actuarially equivalent monthly income payable on
         the first day of each month with the first payment being due (only if
         said spouse is then living) on the Participant's Normal Retirement Date
         of the first day of the month coincident with or next following the
         date of the Participant's death, whichever is later, and with the last
         payment being the payment due immediately preceding such spouse's
         death;

                  (4) specified that the portion of the benefit provided under
         Section 2.4(A)(3) or 2.4(B) that is payable to the surviving spouse
         shall have an actuarially equivalent single-sum value, determined as of
         the date of his death, equal to the single-sum value, determined as of
         the date of his death, of the monthly retirement income that would be
         payable to his surviving spouse, commencing on the Participant's
         Earliest Annuity Commencement Date, under the Qualified Joint and 50%
         Survivor Annuity Option if:

                                      -52-

<PAGE>

                      (a) the Participant's service had been terminated on
                  the date of his death for a reason other than death (or, if
                  the Participant is a vested terminated Participant entitled to
                  a benefit under Section 2.4(A) hereof, he had survived to the
                  Earliest Annuity Commencement Date);

                      (b) the Participant had (for the purposes of determining
                  the amount of such monthly retirement income commencing at his
                  Earliest Annuity Commencement Date) waived the death benefit
                  coverage under Section 2.4(A)(3) hereof, if applicable, during
                  the period beginning on the date of his death and ending on
                  his Earliest Annuity Commencement Date; and

                      (c) the Participant had died immediately after such
                  commencement of payments (one-half of the initial payment
                  which would have been due the Participant on his Earliest
                  Annuity Commencement Date shall be included in the
                  determination of such single-sum value); and

                  (5) designated such other person (or persons) that was named
         as his Beneficiary under such revoked designation as the Beneficiary to
         receive the remaining portion of such benefit payable on his behalf
         under and in accordance with the provisions of Section 2.4(A)(3) or
         2.4(B) hereof.

In lieu of the payment of such benefit to the surviving spouse of a Participant
in the form of the monthly income described in Section 4.1(D)(3) above
commencing at the Participant's Normal Retirement Date, such benefit may be paid
on an actuarially equivalent basis to the Participant's spouse in such other
manner and form permitted under Section 2.4(B) hereof and commencing on such
other date permitted under Section 2.4(B) hereof as the surviving spouse may
elect in writing filed with the Committee.

         If a deceased Participant, whose death occurs on or after his Initial
Vesting Date and prior to his Annuity Starting Date, had been married to his
spouse throughout the one-year period immediately preceding his death and he had
designated a person other than his spouse as his Beneficiary and such spouse has
consented prior to the Participant's attainment of the age of 35 years to such
other person being designated as the Beneficiary but has not consented to such
designation on or after either the Participant's attainment of such age or his
separation from service, unless it is otherwise permissible under the provisions
of Section 417 (or any other applicable section) of the Internal Revenue Code or
regulations or rulings issued pursuant thereto for such a spouse to elect to
waive his or her right to the qualified preretirement survivor annuity, such
consent of such spouse shall be invalid and the benefit payable on behalf of
such Participant shall be determine and payable in the manner described above as
though the Participant's spouse had not consented to such other person being
designated as the Beneficiary of the Participant.

         The Committee shall provide each Employee, who is a Participant in the
Plan, within the one-year period immediately following the date on which he
attains the age of 35 years or on which he becomes a Participant in the Plan,
whichever is later, or, if his service is terminated on or after his Initial
Vesting Date and prior to his attaining the age of 35 years, the date of
termination

                                      -53-

<PAGE>

of his service, or as soon thereafter as if administratively practicable, with
written notification of (i) the terms and conditions upon which the Qualified
Preretirement Survivor Annuity described above will be payable to his surviving
spouse, (ii) the Participant's right to designate at any time prior to his death
a person other than his spouse as his Beneficiary and the effect that such a
designation will have on the Qualified Preretirement Survivor Annuity, (iii) the
rights of the Participant's spouse in the event that the spouse does not consent
to such designation and (iv) the right of the Participant to change his
Beneficiary designation in accordance with the provisions of Sections 5.2 hereof
at any time prior to his death and the effect that such a change will have upon
the Qualified Preretirement Survivor Annuity.

         If the Beneficiary of a Participant is his spouse but the Participant
elects, pursuant to the provisions of Section 2.4(A)(3) or 2.4(B) hereof,
whichever is applicable, an actuarially equivalent form of payment of the
benefit provided under such applicable section that does not provide for monthly
payments during the lifetime of his spouse in an amount at least as great as the
actuarially equivalent income, if any, that would have been payable to such
spouse under the provisions of the Qualified Joint and 50% Survivor Annuity
Option if the Participant had retired under the provisions of Section 2.1 or 2.2
hereof or his retirement income payments due under Section 2.4(A) hereof had
commenced, whichever is applicable, on the day before his death while said
option was in effect and he had died immediately thereafter, the Committee shall
inform such Participant that such election will constitute an election not to
receive a benefit which has the effect of a Qualified Preretirement Survivor
Annuity provided under a qualified joint and survivor annuity as described in
Section 417 of the Internal Revenue Code, and the consent of Participant's
spouse shall be required in order for such an election to become effective.

         There shall be no duplication between the benefits provided under
Sections 2.4(A)(3) and 2.4(B) and under the Qualified Preretirement Survivor
Annuity described in this Section 4.1(D), but the benefits under each shall be
inclusive of the benefits under the other.

         (E) Spousal Consent Requirement and Waiver. Any provisions herein to
the contrary notwithstanding, if the consent of the spouse of the Participant is
required for any reason under the provisions hereof, such consent in order to be
effective must be in writing and witnessed by a Plan representative or a notary
public. In the event that such consent is with respect to the election of a form
of payment other than a Qualified Joint and Survivor Annuity or the designation
of a person other than the spouse as the Participant's Beneficiary, such consent
must acknowledge the specific form of payment that has been elected or the
person who has been designated as Beneficiary, as the case may be, and must
acknowledge the effect of such consent. Any of the above to the contrary
notwithstanding, such spousal consent for any reason hereunder shall, unless
otherwise required by the Committee or by applicable law, be waived for the
purposes of the Plan if:

             (1)  the spouse has previously consented to such specified
         action in accordance with the provisions above and such previous
         consent (a) permits changes with respect to

                                      -54-

<PAGE>

         such specified action without any requirement of further consent by
         such spouse and (b) acknowledges the effect of such consent by the
         spouse;

         or

             (2)  it is established to the satisfaction of the Committee
         that such consent may not be obtained because there is no spouse,
         because the spouse cannot be located or because of such other
         circumstances as the Secretary of the Treasury or his delegate may
         prescribe by regulations as reasons for waiving the spousal consent
         requirement.

         (F) Latest Date of Commencement of Payments. Except to the extent
otherwise permissible under rules or regulations issued by the Internal Revenue
Service, distribution of the accrued benefit to which a Participant has a
nonforfeitable interest must commence on a date not later than the earlier to
occur of:

             (1)  his Required Beginning Date, regardless of whether or not his
         service has been terminated;

         or

             (2)  the later of:

                  (a) the date that is no later than the 60th day after the
             close of the Plan Year during which (i) his service is terminated
             for any reason, (ii) he attains the age of 65 years or (iii) the
             tenth anniversary of the date on which he initially commenced
             participation in the Plan or Superseded Plan, whichever is
             latest, occurs; or

                  (b) the date that the Participant elects in accordance with
             the provisions of Section 3.1 hereof as the date of commencement
             of his retirement income;

provided, however, if an election of a form of payment has been made by a
Participant prior to January 1, 1984 that provides for the commencement of his
benefit at a date later than the date applicable under (1) or (2) above and such
election both (i) satisfies the transitional rule in Section 242(b)(2) of the
Tax Equity and Fiscal Responsibility Act of 1982 (P.L. 97-248) and (ii) has not
been subsequently revoked or changed (a change of Beneficiaries under the
designation will not be considered to be a revocation or change of such form of
payment so long as the change in Beneficiaries does not alter, directly or
indirectly, the period over which distributions are to be made under such form
of payment), distribution of the Participant's accrued benefit shall not be
required to commence prior to the date of commencement specified in such
election.

         (G) No Benefit Reduction Due to Post Termination Social Security
Changes. Benefits under the Plan shall not be decreased by reason of any
increase in the benefit levels payable under Title II of the Social Security Act
or by reason of any increase in the wage base under such Title II, if such
increase takes place after September 2, 1974 or (if later) the earlier of the
date of

                                      -55-

<PAGE>

first receipt of such benefits or the date of the Participants separation from
service, as the case may be.

         (H) Minimum Preserved Benefit Due to Certain Amendments. In the event
that the Plan or Superseded Plan has been or is amended effective as of a date
on or after January 1, 1989 to eliminate or reduce a retirement type subsidy or
an early retirement benefit or to change the actuarial assumptions used to
determine actuarially equivalent benefits payable thereunder, the monthly
retirement income or other benefit, if any, payable under the provisions of
Section 2.1, 2.2 or 2.4 (and Section 3.1 if an optional form of payment is
applicable) to a Participant, who was a participant in the Plan or Superseded
Plan as of the day immediately preceding the date that the elimination,
reduction or change becomes effective (herein referred to as the "Preservation
Date") and who retires or whose service is terminated after the Preservation
Date, shall be at least equal to the corresponding amount of the monthly
retirement income or other benefit, if any, payable to him under the provisions
of such applicable section of the Plan (or, if applicable, the section of the
Superseded Plan that corresponds to such applicable section of the Plan) as in
effect on the Preservation Date computed using his Credited Service, Final
Average Monthly Compensation and Monthly Covered Compensation (or, if
applicable, their corresponding terms under the Superseded Plan) determined as
of the Preservation Date under the provisions of the Plan (or, if applicable,
the Superseded Plan) as in effect on such date and using if applicable, the
mortality table and interest rate assumptions that applied under the provisions
of the Plan (or, if applicable, the Superseded Plan) as in effect on the
Preservation Date to compute actuarially equivalent benefits payable to a
participant who retired or whose service was terminated on the Preservation
Date.

         (I) Direct Rollover Options for Eligible Rollover Distributions. This
section applies to distributions made on or after January 1, 1993.
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 plan administrator, to have any
portion of an eligible rollover distribution paid directly to an eligible
retirement plan specified by the distributee in a direct rollover. The following
definitions apply to this section:

             (1)  Eligible Rollover Distribution. An eligible rollover
         distribution is any distribution of all or any portion of the balance
         to the credit of the distributee, except that an eligible rollover
         distribution does not include:

                  (a) 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 distributee and the
             distributee's designated beneficiary, or for a specified period
             of 10 years or more;

                  (b) any distribution to the extent such distribution is
             required under Section 401(a)(9) of the Internal Revenue Code;

                  (c) the portion of any distribution that is not includable
             in gross income (determined without regard to the exclusion for
             net unrealized appreciation with respect to employer securities);
             and

                                      -56-

<PAGE>

                  (d) any other exception permitted by law or rules or
             regulations of the Internal Revenue Service.

             (2)  Eligible Retirement Plan. An eligible retirement plan is
         an individual retirement account described in Section 408(a) of the
         Internal Revenue Code, an individual retirement annuity described in
         Section 408(b) of said Code, an annuity plan described in Section
         403(a) of said Code, or a qualified trust described in Section 401(a)
         of said Code, 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)  Distributee. A distributee includes an employee or former
         employee. In addition, the employees or former employee's surviving
         spouse and the employee or former employee's spouse or former spouse
         who is the alternate payee under qualified domestic relations order, as
         defined in Section 414(p) of the Internal Revenue Code, are
         distributees with regard to the interest of the spouse or former
         spouse.

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

         Any options set forth in this section shall automatically become
inoperative and of no effect upon a ruling by the Treasury Department that the
options set forth herein are no longer required.

         Section 4.2. Limitations on Benefits Required by the Internal Revenue
Service.

         (A) Limitation in the Event of Plan Termination. In the event that the
Plan is terminated, the benefit of any Participant who is a Highly Compensated
Employee (or a highly compensated former employee) shall be limited to a benefit
that is nondiscriminatory under Section 401(a)(4) of the Internal Revenue Code
and regulations issued with respect thereto.

         (B) Limitation on Annual Payments. (1) The provisions of this Section
4.2(B) shall apply during each Plan Year beginning after January 1, 1992 to
those Participants who during such Plan Year ()a are among the 25 highest-paid
Participants (including former Participants) in the Plan (determined with
respect to each Employer or group of Employers with respect to which the Plan
represents a separate single plan) and (b) are Highly Compensated Employees (or
highly compensated former employees) and whose annual payments under the Plan
must be restricted due to the provisions of Section 401(a)(4) of the Internal
Revenue Code and regulations issued with respect thereto.

         (2) To the extent required by Section 401(a)(4) of the Internal Revenue
Code and regulations issued with respect thereto, the annual benefit payable
under the Plan to any such Participant to whom the provisions of this Section
4.2(B) are applicable shall not exceed an amount equal to the payments that
would be made on his behalf under a single life annuity that is the actuarial
equivalent of the sum of his accrued benefit and his other benefits under the
Plan; provided, however, that such restriction shall not apply if:

                                      -57-

<PAGE>

                  (a) after payment of the "benefits" (as defined below) to the
         Participants to whom the provisions of this Section 4.2(B) are
         applicable, the remaining value of Plan assets equals or exceeds 110%
         of the value of current liabilities within the meaning of Section
         412(1)(7) of the Internal Revenue Code and regulations issued with
         respect thereto;

                  (b) the value of the "benefits" (as defined below) for such
         Participant is less than 1% of the value of current liabilities within
         the meaning of Section 412(1)(7) of the Internal Revenue Code and
         regulations issued with respect thereto;

                  (c) an agreement, which is expressly permitted under Section
         401(a)(4) of the Internal Revenue Code or regulations or ruling issued
         with respect thereto, is entered into with the Trustee, adequately
         secured in conformity with the requirements of said Code section,
         regulations or rulings, which provides for the repayment, if applicable
         and to the extent required under said Code section, regulations or
         rulings, to the Trust Fund of any part of the distribution which is
         restricted under the provisions of said Code section, regulations or
         rulings;

         or

                  (d) in the event of the termination of the Plan, there are
         sufficient assets to satisfy all benefit liabilities of the Plan to
         Participants and their Beneficiaries.

         (3) For the purposes of this Section 4.2(B), the term "benefit" shall
have the meaning assigned in Treasury Regulation 1.401(a)4)-5(c) and shall
include loans in excess of the amounts set forth in Section 72(p)(2)(A) of the
Internal Revenue Code, any periodic income, any withdrawal values payable to a
living employee, and any death benefits not provided for by insurance on the
employee's life.

         Section 4.3. Benefits Nonforfeitable if Plan is Terminated. In the
event of the termination or partial termination of the Plan, the rights of each
affected Participant in the Plan to benefits accrued to such date of
termination, to the extent then funded, shall be nonforfeitable, where such
benefits shall be determined and distributed as provided in Section 4.5 hereof,
provided, however, if the participation in the Plan of one or more but not all
Employers that are members of a group of Employers with respect to which the
Plan represents a single plan is terminated, the Plan shall not be considered to
have been terminated for the purposes of this Section 4.3 (although a partial
termination of the Plan may result because of such termination of
participation). Unless specifically required otherwise by law or by rules or
regulations of the Internal Revenue Service, the nonforfeitable rights granted
to Participants under the provisions of this section shall not apply with
respect to (i) any benefits (or portions thereof) that have been cashed out,
whether voluntarily or involuntarily, under the provisions hereof and that have
not been reinstated (by repayment or by the reinstatement of Credited Service
accrued prior to the date of such cashout) in accordance with the provisions
hereof prior to the date of the termination or partial termination of the Plan
or (ii) any nonvested benefits that are deemed cashed out and forfeited at the
date of termination of service of a terminated or retired Participant whose
service was terminated prior to the date of termination or partial termination
of the Plan.

                                      -58-

<PAGE>

         Section 4.4. Merger of Plan. In the case of the merger or consolidation
of the Plan with, or the transfer of assets or liabilities to, another qualified
retirement plan, each Participant must be entitled to receive a benefit, upon
termination of such other retirement plan after such merger, consolidation or
transfer, which is at least equal to the benefit which he would have been
entitled to receive immediately before the merger, consolidation or transfer if
the Plan had been terminated at that time.

         Section 4.5. Termination of Plan and Distribution of Trust Fund. Upon
termination of the Plan in accordance with the provisions hereof, the share of
the assets of the Trust Fund available for distribution to the affected
Participants and Beneficiaries shall be allocated and distributed in accordance
with the following procedure.

         (A) The Committee shall determine the date of distribution and the
share in the value of the assets of the Trust Fund that is attributable to each
Employer or group of Employers with respect to which the Plan represents a
single plan.

         (B) The distribution of the asset value will be provided by the
purchase of insured annuities for each class of Participants and other persons
entitled to benefits under the Plan,, as specified in (C) below, except that, in
lieu of the purchase of an annuity, a lump-sum distribution shall be made to or
on behalf of a Participant if (i) the actuarially equivalent single-sum value of
the benefit (payable as a lump-sum settlement) to be distributed to him or on
his behalf under the provisions of this Section 4.5 is equal to or less than
$3,500 in Plan Years beginning prior to August 6, 1997 or $5,000 in Plan Years
beginning after August 5, 1997, or is equal to or less than such larger amount
that is permitted as an involuntary cashout of benefits under rules and
regulations of the Internal Revenue Service and Pension Benefit Guaranty
Corporation, and (ii) such distribution may be made without the necessity of
having the consent of the recipient under any applicable rules or regulations of
the Internal Revenue Service or Pension Benefit Guaranty Corporation. Any
annuities purchased pursuant to the provisions of this Section 4.5 will be
subject to the provisions hereof pertaining to the Qualified Joint and 50%
Survivor Annuity Option and to the Qualified Preretirement Survivor Annuity.

         (C) The Committee shall determine the asset value available for
distribution on behalf of each Employer or group of Employers with respect to
which the Plan represents a single plan after taking into account the expenses
of such distribution. After having determined such asset value available for
distribution to each such Employer or group of Employers, as the case may be,
and subject to the applicable provisions of any Supplement hereto pertaining to
the distribution of assets upon the termination of the Plan, the Committee shall
allocate such asset value (allocated to the particular Employer or group of
Employers) as of the date of termination of the Plan in accordance with Section
4044 of the Employee Retirement Income Security Act of 1974, as amended.

         (D) In the event that there be asset value remaining after the
satisfaction of all liabilities of the Plan to Participants and their
Beneficiaries, such residual assets shall be allocated and distributed as
follows:

             (1)  the portion, if any, of the residual assets attributable
         to mandatory employee contributions, if any, shall be determined by
         multiplying such residual assets by the fraction in which the numerator
         is the present value of the portions of the accrued

                                      -59-

<PAGE>

         benefits of all eligible Participants which are derived from such
         Participant's mandatory employee contributions and the denominator is
         the present value of all benefits (exclusive of the portion, if any,
         of an individual's accrued benefit which is derived from the
         Participant's contributions to the Plan or Superseded Plan which were
         not mandatory contributions) with respect to which assets have been
         allocated under (C) above, and such portion of the residual assets
         attributable to mandatory employee contributions shall be allocated
         among the eligible Participants in proportion to the present value of
         the portion of the accrued benefit of each such eligible Participant
         which is derived from his mandatory employee contributions;

         and

             (2)  the excess of such residual assets over the portion
         thereof attributable to mandatory employee contributions as determined
         under (1) above shall be distributed to the Employer;

provided, however, in the case of a group of Employers with respect to which the
Plan represents a single plan, the residual assets shall remain in the Trust
Fund if the Plan is not being terminated with respect to all of such Employers.
For the purposes of (1) above, an eligible Participant includes each Participant
in the Plan as of the date of termination of the Plan and each former
Participant who has received, during the three-year period ending with the date
of termination of the Plan, a distribution from the Plan of such individual's
entire nonforfeitable benefit in the form of a single-sum distribution in
accordance with Section 203(e) of the Employee Retirement Income Security Act of
1974, as amended, or in the form of irrevocable commitments purchased by the
Plan from an insurer to provide such nonforfeitable benefit.

         (E) The order of priorities for, and the amounts and methods of, the
distributions set forth above and the rights of Participants and their
Beneficiaries to benefits under the Plan shall be subject (i) to the
distribution rules set forth in the Plan and to the distribution rules and
regulations of the Pension Benefit Guaranty Corporation, (ii) to the limitations
provided by Section 4.2 of the Plan, (iii) to any changes, including the
recapture of any prior distributions to Participants, as may be ordered by the
Pension Benefit Guaranty Corporation and (iv) to any changes required by the
Internal Revenue Service as a condition for issuing a favorable determination
letter stating that the distribution of assets will not adversely affect the
continued qualified status of the Plan under Section 401(a) of the Internal
Revenue Code

         Section 4.6. Special Provisions That Apply If Plan Is Top-Heavy. The
provisions of this Section 4.6 shall apply if the Superseded Plan was or the
Plan is a "top-heavy plan" within the meaning of Section 416(g) of the Internal
Revenue Code with respect to any Plan Year beginning after December 31, 1983.

         (A) Determination of Plan Years in Which Plan Is Top-Heavy. The Plan
shall be top-heavy with respect to an applicable Plan Year if:

             (1)  either:

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<PAGE>

                  (a) any Participant, former Participant or Beneficiary in
             the Plan is a "key employee" within the meanings of Section 416
             of the Internal Revenue Code (hereinafter referred to in this
             Section 4.6 as "Key-Employees"); or

                  (b) the Plan is required to be combined with any other plan,
             which is included in the Aggregation Group (as defined below) and
             which has a participant who is a Key Employee, in order to enable
             such other plan to meet the requirements of Section 401(a)(4) or
             Section 410 of the Internal Revenue Code;

         and

             (2)  the ratio (determined in accordance with Section 416 of
         the Internal Revenue Code) as of the last day of the preceding Plan
         Year or, in the case of the first Plan Year, the last day of such first
         Plan Year (such day, whether applicable to the first Plan Year or to
         subsequent Plan Years, is hereinafter referred to in this Section 4.6
         as the "Determination Date") of:

                  (a) the sum of (i) the present value of the cumulative
             accrued benefits for all Key Employees under all defined benefit
             plans included in the Aggregation Group plus (i) the aggregate of
             the individual accounts of all Key Employees under all defined
             contribution plans included in such Aggregation Group;

             to

                  (b) a similar sum determined for all Participants, former
             Participants and Beneficiaries excluding any such Participant or
             former Participant (or his Beneficiary) who was a Key Employee
             for any prior Plan Year but who is not currently a Key Employee
             and also excluding, for Plan Years beginning after December 31,
             1984, any Participant or former Participant (or his Beneficiary)
             who has not at any time during the five-year period ending on the
             Determination Date performed services for any employer
             maintaining a plan included in the Aggregation Group under all
             defined benefit plans and defined contribution plans included in
             such Aggregation Group;

         is greater than 60%.

         For the purposes of this Section 4.6, the Aggregation Group shall mean
the Plan plus all other defined benefit plans and defined contribution plans
(including any such plans that terminated during the five-year period ending on
the Determination Date), if any, maintained by the Controlled Group Members;
provided, however, that any defined benefit plan or defined contribution plan of
any Controlled Group Member that (i) does not have any participant who is a Key
Employee and (ii) is not required to be combined with any other plan, which is
included in the Aggregation Group and which has a participant who is a Key
Employee, in order to enable such other plan to meet the requirements of Section
401(a)(4) or Section 410 of the Internal Revenue Code, shall be included in the
Aggregation Group only if such defined benefit plan or defined contribution
plan, together with the other plans that are included in the Aggregation Group,
as a

                                      -61-

<PAGE>

combined group satisfy the requirements of Sections 401(a)(4) and 410 of
the Internal Revenue Code.

         The present value of an accrued benefit under the Plan shall, for the
purposes of this Section 4.6, be determined as of the most recent valuation date
that (i) is used for the Plan Year for computing Plan costs for minimum funding
purposes (regardless of whether a valuation is actually performed for that Year)
and (ii) is within the 12 month period ending on the applicable Determination
Date (such valuation date is herein referred to in this Section 4.6 as the
"Valuation Date"). Such present value of accrued benefits under the Plan shall
be computed using 5% interest and the mortality table used for such Plan Year
for computing Plan costs for minimum funding purposes.

         The present value of the cumulative accrued benefits under the other
defined benefit plans included in the Aggregation Group and the aggregate of the
individual accounts under the defined contribution plans included in such
Aggregation Group shall be determined separately for each such plan in
accordance with Section 416 of the Internal Revenue Code and regulations issued
with respect thereto as of the "determination date" that is applicable to each
such separate plan and that falls within the same calendar year that the
Determination Date applicable to the Plan falls.

         Unless required otherwise under Section 416 of the Internal Revenue
Code and regulations issued thereunder, a Participant's (or Beneficiary's)
accrued benefit under the Plan shall be equal to the sum of:

                  (a) an amount equal to either:

                      (i)   if his service has not been terminated and he has
                  not reached his Normal Retirement Date as of the Valuation
                  Date, the Accrued Deferred Monthly Retirement Income
                  Commencing at Normal Retirement Date that he has accrued as
                  of the Valuation Date;

                      (ii)  if his service has not been terminated and he
                  has reached his Normal Retirement Date as of the Valuation
                  Date, the monthly retirement income to which he would have
                  been entitled under the normal retirement provisions of the
                  Plan if he had retired on the Valuation Date;

                  or

                      (iii) if his service has been terminated as of the
                  Valuation Date, the amount of retirement income or other
                  benefit that is payable on his behalf under the Plan On and
                  after the Valuation Date;

                  plus

                                      -62-

<PAGE>

             (b)  the aggregate distributions made on his behalf during the
         five-year period ending on the Determination Date;

provided, however, that his estimated accrued benefit between the Valuation Date
and Determination Date applicable to the first Plan Year shall be included as
part of his accrued benefit with respect to the first Plan Year only. Any
provisions hereof to the contrary notwithstanding and solely for the purpose of
determining if the Plan is top-heavy with respect to an applicable Plan Year
beginning after December 31, 1986, the accrued benefit of any employee who is
not a Key Employee shall be determined under the method which is used for
accrual purposes for all defined benefit plans included in the Aggregation Group
or, if a single method is not used for all such defined benefit plans, the
accrued benefit of such employee shall be determined as though it accrued not
more rapidly than the slowest accrual rate permitted under the fractional
accrual rule of Section 411(b)(l)(C) of the Internal Revenue Code.

         (B) Minimum Vesting Provisions If Plan Becomes Top-Heavy. Any other
provision of the Plan to the contrary notwithstanding, the Initial Vesting Date
of a Participant in the Plan, who has accrued an Hour of Service during any Plan
Year that is subsequent to the last Plan Year that the Plan was not top-heavy,
for the purpose of determining his eligibility for the benefit provided under
Section 2.4(A) hereof during any plan Year that is subsequent to the last Plan
Year that the Plan was not top-heavy, shall not be later than (i) the date as of
which he completes two years of Vesting Service or (ii) the first day of the
Plan Year immediately following the last Plan Year that the Plan was not
top-heavy, whichever is later, but the Vested Percentage of the Participant for
the purposes of Section 2.4(A)(1) shall be 100% with respect to the portion of
his Accrued Deferred Monthly Retirement Income Commencing at Normal Retirement
Date that is attributable to his own contributions, if any, and shall not be
less than the percentage specified in the schedule below, based upon the
Participant's number of years (ignoring fractions) of Vesting Service as of the
date of termination of his service, with respect to the portion of his Accrued
Deferred Monthly Retirement Income Commencing at Normal Retirement Date that is
attributable to employer contributions:

                   YEARS OF                            VESTED
               VESTING SERVICE                       PERCENTAGE

                 Less than 2                             0%
                      2                                 20%
                      3                                 40%
                      4                                 60%
                      5                                 80%
                  6 or More                             100%

In the event that the Plan ceases to be top-heavy with respect to any subsequent
Plan Year, the following provisions will apply with respect to the minimum
benefits to which such a Participant is entitled under Section 2.4(A) hereof
during such subsequent Plan Years that the Plan is not top-heavy:

                                      -63-

<PAGE>

             (1)  if the participant had not completed at least two Years
         of Vesting Service as of the last day of the last Plan Year during
         which the Plan was top-heavy, his nonforfeitable right to the benefits
         to which he is entitled under Section 2.4(A) hereof shall be determined
         as though the Plan had never been top-heavy;

             (2)  if the Participant had completed at least two but had not
         completed at least three years of Vesting Service as of the last day of
         the last Plan Year during which the Plan was top-heavy, he shall be
         eligible for a minimum benefit payable under Section 2.4(A) hereof;
         such minimum benefit provided under Section 2.4(A)(1) shall be based
         upon (a) 100% of the portion of his Accrued Deferred Monthly Retirement
         Income Commencing at Normal Retirement Date that he has accrued as of
         the date of termination of his service that is attributable to his own
         contributions, if any, plus (b) the product of (i) the portion of the
         Accrued Deferred Monthly Retirement Income Commencing at Normal
         Retirement Date that he had accrued as of the date of termination of
         his service that is attributable to employer contributions multiplied
         by (ii) his Vested Percentage determined as of the last day of the last
         Plan Year during which the Plan was top-heavy;

             (3)  if the Participant had completed at least three years of
         Vesting Service as of the last day of the last Plan Year during which
         the Plan was top-heavy, he shall be eligible for the benefit provided
         under Section 2.4(A) hereof, but the Participant's Vested Percentage
         shall be determined in the same manner as though the Plan had remained
         top-heavy; and

             (4)  the Accrued Deferred Monthly Retirement Income Commencing
         at Normal Retirement Date that a Participant, whose Vesting Service
         includes service that was accrued on or prior to the last day of the
         last Plan Year that the Plan was top-heavy, has accrued as of any given
         date shall not be less than the actuarial equivalent of (a) the benefit
         provided on his behalf under Section 4.6(C)(1) below as of such given
         date plus (b) the benefit provided on his behalf under Section
         4.6(C)(2)(a) below as of the last day of the last Plan Year during
         which the Plan was top-heavy less (c) the amount of the benefit
         provided on his behalf under Section 4.6(C)(2)(b) below as of such
         given date.

         (C) Minimum Benefit if Plan Becomes Top-Heavy. In the event that the
service of a Participant, who is not a Key Employee, is terminated on or after
his Initial Vesting Date for any reason, the retirement income payable to the
Participant under the provisions of Section 2.1, 2.2 or 2.4(A) hereof or, if the
service of the Participant is terminated by reason of his death, the retirement
income which he has accrued as of the date of his death that is used to
determine the benefit payable on his behalf under the provisions of Section
2.4(B) hereof, whichever is applicable, shall not be less than that amount of
retirement income which is actuarially equivalent (based upon the interest and
mortality assumptions that are being used under the Plan as of the date of his
retirement or termination of service to determine actuarially equivalent monthly
retirement incomes) to an amount equal to:

             (1)  100% of the portion of his Accrued Deferred Monthly
         Retirement Income Commencing at Normal Retirement Date that he has
         accrued as of the date of his retirement or termination of service that
         is attributable to his own contributions, if any;

         plus

                                      -64-

<PAGE>

             (2)  the excess, if any, of:

                  (a) a monthly retirement income payable to the Participant
             for life (with no ancillary benefits) commencing at his Normal
             Retirement Date in an amount equal to (i) 2% of his "IRC 416
             Final Average Monthly Compensation" multiplied by (ii) his number
             of years of Vesting Service, not in excess of 10 years, that were
             accrued during those Plan Years in which the Plan was top-heavy,
             with the resulting product of (i) and (ii) multiplied by (iii)
             his Vested Percentage at the date of his retirement or
             termination of service; provided, however, if the Participant
             retires after his Normal Retirement Date, the amount of the
             monthly retirement income determined under this Subparagraph (a)
             shall not be less than the actuarial equivalent of the monthly
             retirement income determined in accordance with this subparagraph
             that would have been payable to the Participant if he had retired
             on his Normal Retirement Date;

             over

                  (b) the monthly retirement income payable to the Participant
             for life (with no ancillary benefits) commencing at his Normal
             Retirement Date in an amount equal to the sum of:

                      (i)   such amount of income, if any, that he has a
                  nonforfeitable right to receive and that is attributable to
                  employer contributions and is payable to the Participant
                  under the other defined benefit plans, if any, which are
                  included in the Aggregation Group;

                  plus

                      (ii)  such amount of income that can be provided on an
                  actuarially equivalent basis (based upon the interest and
                  mortality assumptions that are being used under the Plan as
                  of the date of his retirement or termination of service to
                  determine actuarially equivalent monthly retirement incomes)
                  by the amounts, if any, that he has a nonforfeitable right
                  to receive and that are attributable to employer
                  contributions and forfeitures that are credited to his
                  account under the defined contribution plans, if any,
                  included in the Aggregation Group;

provided, however, if the Aggregation Group includes one or more defined
contribution plans and if, with respect to each Plan Year that the Plan is
top-heavy, the Participant has received an allocation of employer contributions
and forfeitures to his account under such defined contribution plan or plans
which is equal to or greater than 5% of the IRC 415 Compensation that he
received during such Plan Year from the employers maintaining plans included in
the Aggregation Group, the minimum benefit described above in this Section
4.6(C) shall not apply to such Participant. For the purposes of this Section
4.6(C), a Participant's IRC 416 Final Average Monthly Compensation" shall be
equal to his average monthly rate of IRC 415 Compensation for the five
consecutive calendar years, which are prior to the January 1st immediately
following (i) the date of the Participant's retirement or termination of service
or (ii) the close of the last Plan Year in which the Plan is top-heavy,
whichever is earlier, during which he received the highest

                                      -65-

<PAGE>

aggregate ERC 415 Compensation. Such average monthly rate will be determined by
dividing the total of such IRC 415 Compensation that he received during such
five-consecutive-calendar year period from the employers maintaining plans
included in the Aggregation Group by the product equal to 12 times the number of
years of Vesting Service which he accrued during such five-calendar-year period.
In the event that the Participant does not receive both IRC 415 Compensation and
Vesting Service during a calendar year or calendar years, such calendar year or
calendar years during which he did not receive both IRC 415 Compensation and
Vesting Service shall be ignored and excluded in determining the five
consecutive calendar years during which he received the highest aggregate IRC
415 Compensation.

         (D) Restriction of Section 416(h) of the Internal Revenue Code if Plan
is Top-Heavy. Any provision of Section 4.1(A) hereof to the contrary
notwithstanding, in any Plan Year that the Plan is top-heavy, 100% shall be
substituted for 125% in paragraphs (2)(B) and (3)(B) of Section 415(e) of the
Internal Revenue Code. This paragraph shall not apply to Plan Years commencing
after December 31, 1999.

SECTION 5.   MISCELLANEOUS PROVISIONS REGARDING PARTICIPANTS.

         Section 5.1. Participants to Furnish Required Information. Each
Participant, his spouse and his Beneficiaries and joint pensioners will finish
to the Committee such information as the Committee considers necessary or
desirable for purposes of administering the Plan, and the provisions of the Plan
respecting any payments thereunder are conditional upon the Participant's,
Beneficiary's or joint pensioner's furnishing promptly such true, full and
complete information as the Committee may request. Each Participant will submit
proof of his age and marital status and proof of the age and continued life of
each Beneficiary and joint pensioner designated or selected by him to the
Committee at such time as required by the Committee. The Committee will, if such
proof of age, marital status or continued life is not submitted as required, use
as conclusive evidence thereof, such information as is deemed by it to be
reliable, regardless of the source of such information. Any adjustment required
by reason of lack of proof or the misstatement of the age of persons entitled to
benefits hereunder, by the Participant or otherwise, will be in such manner as
the Committee deems equitable. Any notice or information which, according to the
terms of the Plan or the rules of the Committee, must be filed with the
Committee, shall be deemed so filed at the time that it is actually received by
the Committee. The Employer, the Committee, and any person or persons involved
in the administration of the Plan shall be entitled to rely upon any
certification, statement, or representation made or evidence furnished by an
employee, Participant, Beneficiary or joint pensioner with respect to his age or
other facts required to be determined under any of the provisions of the Plan
and shall not be liable on account of the payment of any monies or the doing of
any act or failure to act in reliance thereon. Any such certification,
statement, representation or evidence, upon being duly made or furnished, shall
be conclusively binding upon the Person furnishing same; but it shall not be
binding upon the Employer, the Committee, or any other person or persons
involved in the administration of the Plan, and nothing herein contained shall
be construed to prevent any of such parties from contesting any such
certification, statement, representation or evidence or to relieve the Employee,
Participant, Beneficiary or joint pensioner from the duty of submitting
satisfactory proof of any such fact.

                                      -66-

<PAGE>
         Section 5.2. Beneficiaries. Subject to the provisions of the following
paragraphs of this section, each Participant may, on a form provided for that
purpose, signed and filed with the Committee, designate a Beneficiary to receive
the benefit, if any, which may be payable to his Beneficiary under the Plan in
the event of his death, and each designation may be revoked by such Participant
by signing and filing with the Committee a new designation of Beneficiary form.

         If a deceased Participant, who has been married to his spouse
throughout the one-year period immediately Preceding his death, has designated a
person other than his spouse as his Beneficiary and such spouse has not
consented in accordance with the provisions of Section 4.1(E) hereof, either
after the date of the Participant's separation from service or on or after the
date that the Participant attained the age of 35 years, to such other person
being designated as the Beneficiary, the provisions of Section 4.1(D) hereof,
relating to the qualified preretirement survivor annuity payable to his
surviving spouse, will apply in the event of his death on or after his Initial
Vesting Date, and the Participant will automatically be deemed to have changed
his designation of Beneficiary to the extent necessary to comply with the
provisions of Section 4.1(D).

         If a deceased Participant who had a spouse at the date of his death
failed to designate a Beneficiary in accordance with the provisions of this
section, he shall be deemed to have designated his spouse as his Beneficiary. If
a deceased Participant who had no spouse at the date of his death failed to
designate a Beneficiary in accordance with the provisions of this section or if
a deceased Participant (whether or not he has a surviving spouse at the date of
his death) had previously designated a Beneficiary but no designated Beneficiary
is surviving at the date of his death, the death benefit, if any, that may be
payable under the Plan with respect to such deceased Participant may be paid, in
the discretion of the Committee but subject to the provisions of Sections 4.1(D)
and 4.1(E) hereof if the spouse of such deceased Participant is surviving,
either to:

                   (a) any one or more of the persons comprising the group
         consisting of the Participant's spouse, the Participant's descendants,
         the Participant's parents or the Participant's heirs-at-law, and the
         Committee may direct the payment of the entire benefit to any member of
         such group or the apportionment of such benefit among any two or more
         of them in such shares as the Committee, in its sole discretion, shall
         determine; or

                   (b) the estate of such deceased Participant;

or in the event the Committee does not so direct any of such payments, the
Committee may elect to have a court of applicable jurisdiction determine to whom
a payment or payments shall be paid. Any payment made to any person pursuant to
the provisions of this Section 5.2 shall operate as a complete discharge of all
obligations under the Plan with respect to such deceased Participant and shall
not be subject to review by anyone but shall be final, binding and conclusive on
all persons ever interested hereunder.

                                      -67-
<PAGE>

         Section 5.3. Contingent Beneficiaries. In the event of the death of a
Beneficiary who survives the Participant and who, at the Beneficiary's death, is
receiving benefits pursuant to the provisions of the Plan within any certain
period specified under the Plan with respect to which death benefits are payable
under the Plan after the Participant's death, the same amount of monthly
retirement income that the Beneficiary was receiving shall be payable for the
remainder of such specified certain period to a person designated by the
Participant (in the manner provided in Section 5.2) to receive the remaining
death benefits, if any, payable in the event of such contingency or, if no
person was so named, then to a person designated by the Beneficiary (in the
manner provided in Section 5.2) of the deceased Participant to receive the
remaining death benefits, if any, payable in the event of such contingency;
provided, however, that if no person so designated be living upon the occurrence
of such contingency, then the remaining death benefits, if any, shall be payable
for the remainder of such specified certain period, in the discretion of the
Committee, either to:

                   (a) all or any one or more of the persons comprising the
         group consisting of the Participant's spouse, the Beneficiary's spouse,
         the Participant's descendants, the Beneficiary's descendants, the
         Participant's parents, the Beneficiary's parents, the Participant's
         heirs-at-law or the Beneficiary's heirs-at-law, and the Committee may
         direct the payment of the entire benefit to any member of such group or
         the apportionment of such benefit among any two or more of them in such
         shares as the Committee, in its sole discretion, shall determine; or

                   (b)     the estate of such deceased Beneficiary;

or in the event the Committee does not so direct any of such payments, the
Committee may elect to have a court of applicable jurisdiction determine to whom
a payment or payments shall be paid. Any payments made to any person pursuant to
the provisions of this Section 5.3 shall operate as a complete discharge of all
obligations under the Plan with respect to such deceased Beneficiary and shall
not be subject to review by anyone but shall be final, binding and conclusive on
all persons ever interested hereunder.

         Section 5.4. Participants' Rights in Trust Fund. No Participant or
other person shall have any interest in or any right in, to or under the Trust
Fund, or any part of the assets held thereunder, except as to the extent
expressly provided in the Plan.

         Section 5.5. Benefits Not Assignable. Except to the extent required to
comply with a qualified domestic relations order as described in Sections
401(a)(13) and 414(p) of the Internal Revenue Code, no benefits, rights or
accounts shall exist under the Plan which are subject in any manner to voluntary
or involuntary anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance or charge, and any attempt so to anticipate, alienate, sell,
transfer, assign, pledge, encumber or charge the same shall be null and void;
nor shall any such benefit, right or account under the Plan be in any manner
liable for or subject to the debts, contracts, liabilities, engagements, torts
or other obligations of the person entitled to such benefit, right or account;
nor shall any benefit, right or account under the Plan constitute an asset in
case of the bankruptcy, receivership or divorce of any person entitled to a
benefit under the Plan; and any such benefit, right or account under the Plan
shall be payable only directly to the Participant or Beneficiary, as the case
may be. Where a qualified domestic relations order has been received by the
Committee, the terms and benefits of the Plan will be considered to have been
modified with respect to the

                                      -68-
<PAGE>

Participant affected to the extent that such order requires benefits to be paid
to specified individuals other than the Participant.

         Section 5.6. Benefits Payable to Minors and Incompetents. Whenever any
person entitled to payments under the Plan shall be a minor or under other legal
disability or in the sole judgment of the Committee shall otherwise be unable to
apply such payments to his own best interest and advantage (as in the case of
illness, whether mental or physical, or where the person not under legal
disability is unable to preserve his estate for his own best interest), the
Committee may in the exercise of its discretion direct all or any portion of
such payments to be made in any one or more of the following ways unless claim
shall have been made therefor by an existing and duly appointed guardian, tutor,
conservator, committee or other duly appointed legal representative, in which
event payment shall be made to such representative:

                   (A) directly to such person unless such person shall be an
         infant or shall have been legally adjudicated incompetent at the time
         of the payment;

                   (B) to the spouse, child, parent or other blood relative to
         be expended on behalf of the person entitled or on behalf of those
         dependents as to whom the person entitled has the duty of support; or

                   (C) to a recognized charity or governmental institution to be
         expended for the benefit of the person entitled or for the benefit of
         those dependents as to whom the person entitled has the duty of
         support.

         The decision of the Committee will, in each case, be final and binding
upon all persons, and the Committee shall not be obliged to see to the proper
application or expenditure of any payments so made. Any payment made pursuant to
the power herein conferred upon the Committee shall operate as a complete
discharge of the obligations of the Trustee and of the Committee.

         Section 5.7. Conditions of Employment Not Affected by Plan. The
establishment and maintenance of the Plan will not be construed as conferring
any legal rights upon any Participant to the continuation of his employment with
the Employer, nor will the Plan interfere with the right of the Employer to
discipline, lay off or discharge any Participant. The adoption and maintenance
of the Plan shall not be deemed to constitute a contract between the Employer
and any employee or to be a consideration for, inducement to, or condition of
employment of any person.

         Section 5.8. Notification of Mailing Address. Each Participant and
other person entitled to benefits hereunder shall file with the Committee from
time to time, in writing, his post office address and each change of post office
address, and any check representing payment hereunder and any communication
addressed to a Participant, a former Participant, a Beneficiary or a pensioner
hereunder at his last address filed with the Committee (or, if no such address
has been filed, then at his last address as indicated on the records of the
Employer) shall be binding on such person for all purposes of the Plan, and
neither the Committee nor the Trustee shall be obliged to search for or
ascertain the location of any such person.

                                      -69-
<PAGE>

         If the Committee, for any reason, is in doubt as to whether retirement
income payments are being received by the person entitled thereto, it may, by
registered mail addressed to such person and to such person's designated
Beneficiary, if any, at their address last known to the Committee, notify such
person and his Beneficiary that all unmailed and future retirement income
payments shall be henceforth withheld until the Committee is provided with
evidence of such person's continued life and his proper mailing address or with
evidence of such person's death. In the event that (i) such notification is
mailed to such person and his designated Beneficiary, (ii) the Committee is not
furnished with evidence of such person's continued life and proper mailing
address or with evidence of his death within three years of the date such
notification was mailed and (iii) the Committee is unable to find any person to
whom payment is due under the provisions of the Plan within three years of the
date such notification was mailed, all retirement income and other benefit
payments due shall be forfeited at the end of such three-year period following
the date such notification was mailed; provided, however, if claim for any
forfeited benefit is subsequently made by any such person to whom payment is due
under the Plan, such forfeited benefits due such person shall be reinstated.

         Section 5.9. Written Communications Required. Any notice, request,
instruction, or other communication to be given or made hereunder shall be in
writing and may be delivered to the addressee personally, may be delivered to
the addressee by a commercial delivery service at the last address for notice
shown on the Committee's records, or may be deposited in the United States mail
fully postpaid and properly addressed to such addressee at the last address for
notice shown on the Committee's records.

         Section 5.10. Benefits Payable at Office of Trustee. All benefits
hereunder, and installments thereof, shall be payable at the office of the
Trustee.

        Section 5.11. Appeal to Committee. A Participant or Beneficiary who
feels he is being denied any benefit or right provided under the Plan must file
a written claim with the Committee. All such claims shall be submitted on a form
provided by the Committee which shall be signed by the claimant and shall be
considered filed on the date the claim is received by the Committee.

         Upon the receipt of such a claim and in the event the claim is denied,
the Committee shall, within 90 days after its receipt of such claim, provide
such claimant a written statement which shall be delivered or mailed to the
claimant by certified or registered mail to his last known address, which
statement shall contain the following:

                   (A) the specific reason or reasons for the denial of
              benefits;

                   (B) a specific reference to the pertinent provisions of the
              Plan upon which the denial is based;

                   (C) a description of any additional material or information
              that is necessary; and

                   (D) an explanation of the review procedure provided below;

                                      -70-
<PAGE>

provided, however, in the event that special circumstances require an extension
of time for processing the claim, the Committee shall provide such claimant with
such written statement described above not later than 180 days after receipt of
the claimant's claim, but, in such event, the Committee shall furnish the
claimant, within 90 days after its receipt of such claim, written notification
of the extension explaining the circumstances requiring such extension and the
date that it is anticipated that such written statement will be furnished.

         Within 60 days after receipt of a notice of a denial of benefits as
provided above, if the claimant disagrees with the denial of benefits, the
claimant or his authorized representative must request, in writing, that the
Committee review his claim and may request to appear before the Committee for
such review. In conducting its review, the Committee shall consider any written
statement or other evidence presented by the claimant or his authorized
representative in support of his claim. The Committee shall give the claimant
and his authorized representative reasonable access to all documents which the
Committee deems pertinent and necessary for the preparation of his claim.

         Within 60 days after receipt by the Committee of a written application
for review of his claim, the Committee shall notify the claimant of its decision
by delivery or by certified or registered mail to his last known address;
provided, however, in the event that special circumstances require an extension
of time for processing such application, the Committee shall so notify the
claimant of its decision not later than 120 days after receipt of such
application, but, in such event, the Committee shall furnish the claimant,
within 60 days after its receipt of such application, written notification of
the extension explaining the circumstances requiring such extension and the date
that it is anticipated that its decision will be furnished. The decision of the
Committee shall be in writing and shall include the specific reasons for the
decision presented in a manner calculated to be understood by the claimant and
shall contain reference to all relevant Plan provisions on which the decision
was based. The decision of the Committee shall be final and conclusive.

        Section 5.12. Credit for Qualified Military Service. Notwithstanding any
provision of this Plan to the contrary, effective as of December 12, 1994, as
required by the Uniformed Service Employment and Reemployment Rights Act,
contributions, benefits and service credit with respect to qualified military
service will be provided in accordance with Section 414(u) of the Internal
Revenue Code.

SECTION 6. MISCELLANEOUS PROVISIONS REGARDING THE EMPLOYER.

         Section 6.1. Contributions. No contributions shall be required of or
permitted to be made by any Participant. The Employer intends, but does not
guarantee, to make annual contributions in amounts at least equal to the
amounts, if any, required to meet the minimum funding requirements of Section
412 of the Internal Revenue Code, as specified in the actuary's valuation
reports for the applicable periods of time. Subject to applicable provisions of
law, neither the Employer nor any of its officers, agents or employees, nor any
member of its board of

                                      -71-
<PAGE>

directors, nor any partner or sole proprietor, guarantees, in any manner the
payment of benefits under the Plan.

         Section 6.2. Employer's Contributions Irrevocable. The Employer shall
have no right, title or interest in the Trust Fund or in any part thereof, and
no contributions made thereto shall revert to the Employer except such part of
the Trust Fund, if any, that remains therein after the satisfaction of all
liabilities to persons entitled to benefits under the Plan and except as
provided in the following paragraph.

         All contributions to the Plan are made subject to the qualification of
the Plan under Section 401 of the Internal Revenue Code and to their
deductibility under Section 404 of said Code. In the event that the Plan
represents a newly established retirement plan (and not an amendment of an
existing retirement plan) with respect to an Employer and such qualification of
the Plan is denied, the total contributions of the Employer, adjusted for any
earnings or losses of the Trust Fund attributable thereto, shall be returned to
the Employer within one year of the date of denial of qualification. In the
event that a contribution either is made by a good faith mistake of fact or is
disallowed as a tax deductible expense under Section 404 of the Internal Revenue
Code, the excess of the amount contributed over either the amount that would
have been contributed if there had not been such a mistake or the amount that is
allowed as a tax deductible expense, as the case may be, with such excess
reduced by the net losses, if any, of the Trust Fund attributable thereto (but
without any increase due to the net earnings, if any, of the Trust Fund
attributable thereto), shall be returned to the Employer within one year of the
date of the mistaken payment or the disallowance of the deduction, as the case
may be.

         Section 6.3. Forfeitures. Forfeitures shall not be used to increase the
benefits that any Participant would otherwise receive under the Plan at any time
prior to the termination of the Plan but shall be anticipated in determining the
costs under the Plan.

         Section 6.4. Amendment of Plan. The Plan may be amended from time to
time in any respect whatever by formal action on the part of the Company in the
manner described in Section 6.7 hereof, or by the Committee upon authorization
of the Board of Directors of the Company, subject only to the following
limitations:

                   (A) Under no condition shall such amendment result in or
         permit the return or repayment to any Employer of any property held or
         acquired by the Trustee hereunder or the proceeds thereof or result in
         or permit the distribution of any such property for the benefit of
         anyone other than the Participants and their Beneficiaries or joint
         pensioners, except to the extent provided by Section 4.5 and Section
         6.6 hereof with respect to termination of the Plan and expenses of
         administration, respectively.

                   (B) Under no condition shall such amendment change the duties
         or responsibilities of the Trustee hereunder without its written
         consent.

                   (C) No amendment shall be effective to the extent it
         eliminates or reduces any Plan benefits or rights that are protected
         under Section 41l(d)(6) of the Internal Revenue

                                      -72-
<PAGE>

         Code unless such protected benefits or rights are preserved with
         respect to benefits accrued to the date of such amendment or unless
         such reduction or elimination is otherwise permitted by the Internal
         Revenue Service.

         Except to the extent permissible to comply with any laws or regulations
of the United States or of any state to qualify this as a tax-exempt plan and
trust, no amendment may be made that would result in a slower rate of vesting
under the Plan for any Participant who has completed at least three years of
Vesting Service as of the effective date of such amendment or, if later, as of
the date such amendment is adopted, unless such amendment provides that each
such Participant may elect, during the period described below, to retain the
rate of vesting in effect under the Plan prior to such amendment in lieu of the
new rate of vesting. The period during which the election described in the
preceding sentence may be made shall begin no later than the date the Plan
amendment is adopted and shall end no earlier than 60 days after (i) the date
the amendment is adopted, (ii) the effective date of such amendment or (iii) the
date the Participant is notified in writing of the amendment by the Committee,
whichever is the latest date to occur.

         Subject to the foregoing limitations, any amendment may be made
retroactively which, in the judgment of the Committee, is necessary or advisable
provided that such retroactive amendment does not deprive a Participant, without
his consent, of a right to receive benefits hereunder which have already vested
and matured in such Participant, except such modification or amendment as shall
be necessary to comply with any laws or regulations of the United States or of
any state to qualify this as a tax-exempt plan and trust.

         The participation in the Plan of Employers other than the Company shall
not limit the power of the Company and of the Committee under the foregoing
provisions, and all amendments by the Company or the Committee to the Plan shall
be binding upon all other Employers. Each Employer may, with the consent of the
Committee, modify the provisions of the Plan as it pertains only to its own
employees by the adoption, by formal action on its part in the manner described
in Section 6.7 hereof, of a Supplement to the Plan specifying such modifications
that shall pertain only to its employees.

         Any Supplement to the Plan adopted by an Employer or Employers shall
apply only to the employees of the Employer or Employers adopting such
Supplement and shall not affect the continued operation of the Plan with respect
to any other Employers.

         Section 6.5. Termination of Plan. The Plan may be terminated by the
Employers at any time by formal action, in the manner described in Section 6.7
hereof, on the part of each Employer then a party to the Plan specifying (a)
that the Plan is being terminated and (b) the date as of which the termination
is to be effective. In the event the Plan is to be terminated, the Employer
shall notify the Committee and the Trustee of such termination.

                                      -73-
<PAGE>

         The Plan or participation in the Plan may be terminated in the manner
described above with respect to one, but less than all, of the Employers
theretofore parties hereto and the Plan continued for the remaining Employer or
Employers. The Plan or participation in the Plan shall automatically terminate
as to a particular Employer upon dissolution of such Employer or upon its
liquidation, merger or consolidation without provisions being made by its
successor, if any, for the continuation of the Plan.

         In the event of the liquidation, dissolution, merger or consolidation
of the Employer under such circumstances that there shall be a successor person,
firm or corporation continuing and carrying on all or a substantial part of its
business, such successor may be substituted for the Employer under the terms of
the Plan by formal action on the part of such successor in the manner described
in Section 6.7 hereof specifying its election to continue the Plan.

Any provisions herein to the contrary notwithstanding, in the event of
termination of the Plan, the death benefits provided under Sections 2.4(A)(3)
and 2.4(B) (or under any Supplements hereto) shall not be payable on behalf of
any Participant whose death occurs on or after the date of termination of the
Plan, provided, however, if the death of the Participant occurs after the date
of termination of the Plan and prior to (a) the date as of which an annuity is
purchased on his behalf to provide the benefit to which he is entitled as a
result of the termination of the Plan or (b) the date as of which distribution
is made on his behalf in some other manner as a result of the termination of the
Plan, as the case may be, the amount required to provide the distribution to
which he is entitled as a result of termination of the Plan shall, subject to
the provisions hereof relating to the qualified preretirement survivor annuity,
be used to provide a benefit to his Beneficiary; and provided further, however,
the minimum qualified preretirement survivor annuity required under Section 417
of the Internal Revenue Code shall be provided on behalf of any such Participant
who is married and whose death occurs prior to his Annuity Starting Date and on
or after the date on which an annuity has been purchased to provide the benefit
to which he is entitled as a result of termination of the Plan.

         Section 6.6. Expenses of Administration. The Employer may pay all
expenses incurred in the establishment and administration of the Plan, including
expenses and fees of the Trustee, but it shall not be obligated to do so, and
any such expenses not so paid by the Employer shall be paid from the Trust Fund.

         Section 6.7. Formal Action by Employer. Any formal action herein
permitted or required to be taken by an Employer shall be:

                   (a) if and when a partnership, by written instrument executed
         by one or more of its general partners or by written instrument
         executed by a person or group of persons who has been authorized by
         written instrument executed by one or more general partners as having
         authority to take such action;

                   (b) if and when a proprietorship, by written instrument
         executed by the proprietor or by written instrument executed by a
         person or group of persons who has been authorized by written
         instrument executed by the proprietor as having authority to take such
         action;

                                      -74-
<PAGE>

                   (c) if and when a corporation, by resolution of its board of
         directors or other governing board, or by written instrument executed
         by a person or group of persons who has been authorized by resolution
         of its board of directors or other governing board as having authority
         to take such action; or

                   (d) if and when a joint venture, by formal action on the part
         of the joint venturers in the manner described above.

SECTION 7. ADMINISTRATION.

          Section 7.1 Administration by Committee. The Plan will be administered
by the Retirement Committee appointed by the Company by formal action on its
part in the manner described in Section 6.7 hereof. Such Committee will consist
of (a) a chairman and at least two additional members or (b) a single
individual. Each member may, but need not, be a director, proprietor, partner,
officer or employee of any Employer, and each such member shall be appointed by
the Company to serve until his successor shall be appointed in like manner. Any
member of the Committee may resign by delivering his written resignation to the
Company and to the other members, if any, of the Committee. The Company by
formal action on its part in the manner described in Section 6.7 hereof may
remove any member of the Committee by so notifying the member and other
Committee members, if any, in writing. Vacancies on the Committee shall be
filled by formal action on the part of the Company in the manner described in
Section 6.7 hereof.

         The Committee, in its discretion, may delegate all or any part of its
responsibilities of administering the provisions of the Plan with respect to any
Employer or group of Employers to an administrative committee which will be
appointed by such Employer or group of Employers by formal action on its or
their part in the manner described in Section 6.7 hereof. In such event,
references to the "Committee" in any provisions hereof which apply with respect
to such delegated responsibilities shall refer to such administrative committee
instead of the Retirement Committee.

         Section 7.2. Officers and Employees of Committee. The Committee may
appoint a secretary who may, but need not, be a member of the Committee and may
employ such agents, clerical and other services, legal counsel, accountants and
actuaries as may be required for the purpose of administering the Plan. Any
person or firm so employed may be a person or firm then, theretofore or
thereafter serving the Employer in any capacity. The Committee and any
individual member of the Committee and any agent thereof shall be fully
protected when relying in good faith upon the advice of the following
professional consultants or advisors employed by the Employer or the Committee:
any attorney insofar as legal matters are concerned, any certified public
accountant insofar as accounting matters are concerned and any enrolled actuary
insofar as actuarial matters are concerned.

         Section 7.3. Action by Committee. A majority of the members of the
Committee shall constitute a quorum for the transaction of business and shall
have full power to act hereunder. The Committee may act either at a meeting at
which a quorum is present or by a writing subscribed by at least a majority of
the members of the Committee then serving. Any written

                                      -75-
<PAGE>

memorandum signed by the secretary or any member of the Committee who has been
authorized to act on behalf of the Committee shall have the same force and
effect as a formal resolution adopted in open meeting. Minutes of all meetings
of the Committee and a record of any action taken by the Committee shall be kept
in written form by the secretary appointed by the Committee or, if no secretary
has been appointed by the Committee, by an individual member of the Committee.
The Committee shall give to the Trustee any order, direction, consent or advice
required under the terms of the Trust Agreement, and the Trustee shall be
entitled to rely on any instrument delivered to it and signed by the secretary
or any authorized member of the Committee as evidencing the action of the
Committee.

         A member of the Committee may not vote or decide upon any matter
relating solely to himself or vote in any case in which his individual right or
claim to any benefit under the Plan is particularly involved. If, in any case in
which any Committee member is so disqualified to act, the remaining members
cannot agree or if there is only one individual member of the Committee, the
Company, by formal action on its part in the manner described in Section 6.7
hereof, will appoint a temporary substitute member to exercise all of the powers
of a qualified member concerning the matter in which the disqualified member is
not qualified to act.

         Section 7.4. Rules and Regulations of Committee. The Committee shall
have the authority to make such rules and regulations and to take such action as
may be necessary to carry out the provisions of the Plan and will, subject to
the provisions of the Plan, decide any questions arising in the administration,
interpretation and application of the Plan, which decisions shall be conclusive
and binding on all parties. The Committee may allocate or delegate any part of
its authority and duties as it deems expedient.

         Section 7.5. Powers of Committee. In order to effectuate the purposes
of the Plan, the Committee shall have the full power and authority to construe
and interpret any and all provisions of the Plan, to reconcile any
inconsistencies and resolve any ambiguities in the terms of the Plan, and to
make equitable adjustments for any mistakes or errors made in the administration
of the Plan, and all such actions or determinations made by the Committee in
good faith shall not be subject to review by anyone. The Committee is given the
power to appoint, in its discretion, one or more Investment Managers to manage,
including the power to acquire or dispose of, all or any portion of the assets
of the Plan and Trust Fund. The Committee is also given the power to serve as
paying agent for the Trust Fund, if it so desires, or to appoint, in its
discretion, a paying agent or agents to disburse the benefits payable from the
Trust Fund and to authorize and direct the Trustee to make distribution to the
Committee as paying agent or to such other paying agent as the Committee shall
direct in writing.

         Section 7.6. Duties of Committee. The Committee shall, as a part of its
general duty to supervise and administer the Plan:

                   (A) determine all facts and maintain records with respect to
         any Employee's age, amount of Compensation, length of service, Hours of
         Service, Vesting Service, Credited Service and date of initial coverage
         under the Plan, and by application of the facts so determined and any
         other facts deemed material, determine the amount, if any, of benefit
         payable under the Plan on behalf of a Participant;

                                      -76-
<PAGE>

                   (B) establish, carry out and periodically review a funding
         policy and method consistent with the objectives of the Plan and the
         applicable lawful requirements of Title I of the Employee Retirement
         Income Security Act of 1974; provided, however, that any decisions
         pertaining to the amount and timing of contributions by the Employer to
         the Trust Fund are delegated to the Employer;

                   (C) give the Trustee specific directions in writing with
         respect to:

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

                        (2) the making of any other payments which the Trustee
                   is not by the terms of the Trust Agreement authorized to make
                   without a direction in writing of the Committee;

                   (D) furnish the Trustee with such information (including
         information relative to the liquidity needs of the Plan) as is deemed
         necessary for the Trustee to carry out the purposes of the Trust
         Agreement;

                   (E) comply with all applicable lawful reporting and
         disclosure requirements of the Employee Retirement Income Security Act
         of 1974;

                   (F) comply (or transfer responsibility for compliance to the
         Trustee) with all applicable Federal income tax withholding
         requirements for distribution payments imposed by the Tax Equity and
         Fiscal Responsibility Act of 1982;

                   (G) engage on behalf of all Plan Participants an independent
         qualified public accountant to examine the financial statements and
         other records of the Plan for the purposes of an annual audit and
         opinion as to whether the financial statements and schedules in the
         annual report of the Plan are presented fairly in conformity with
         generally accepted accounting principles, unless such audit is waived
         by the Secretary of Labor or his delegate or unless such audit is
         otherwise not required; and

                   (H) engage on behalf of all Plan Participants an enrolled
         actuary to prepare required actuarial statements, unless this
         requirement is waived by the Secretary of Labor or his delegate or
         unless such actuarial statements are otherwise not required.

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

         Section 7.7. Indemnification of Members of Committee. To the extent not
covered by insurance or if there is a failure to provide full insurance coverage
for any reason and to the extent permissible under corporate by-laws and other
applicable laws and regulations, the Employers agree to hold harmless and
indemnify the members of the Committee against any and all claims

                                      -77-
<PAGE>

and causes of action by or on behalf of any and all parties whomsoever, and all
losses therefrom, including, without limitation, costs of defense and attorneys'
fees, based upon or arising out of any act or omission relating to or in
connection with the Plan and Trust Agreement other than losses resulting from
any such person's fraud or willful misconduct.

         Section 7.8. Actuary. The actuary will do such technical and advisory
work as the Committee or the Employer may request, including analysis of the
experience of the Plan from time to time, the preparation of actuarial tables
for the making of computations thereunder, and the submission of actuarial
reports to the Company or the Committee, which reports shall contain an
actuarial valuation showing the financial condition of the Plan, a statement of
the contributions to be made by the Employers and such other information as may
be required by the Committee. The actuary shall be appointed by the Committee
with the approval of the Company to serve as long as it is agreeable to the
Committee, the Company and the actuary.

         Section 7.9. Fiduciaries. The Trustee is the named fiduciary hereunder
with respect to the powers, duties and responsibilities of investment of the
Trust Fund, and the Committee is the plan administrator and is the named
fiduciary hereunder with respect to the other powers, duties and
responsibilities of the administration of the Plan; provided, however, that
certain powers, duties and responsibilities of each of said named fiduciaries
are specifically delegated to others under the provisions of the Plan and Trust
Agreement, and other powers, duties and responsibilities of any fiduciaries may
be delegated by written agreement to others to the-extent permitted under the
provisions of the Plan and Trust Agreement.

         The powers and duties of each fiduciary hereunder, whether or not a
named fiduciary, shall be limited to those specifically delegated to each of
them under the terms of the Plan and Trust Agreement. It is intended that the
provisions of the Plan and Trust Agreement allocate to each fiduciary the
individual responsibilities for the prudent execution of the functions assigned
to each fiduciary. None of the allocated responsibilities or any other
responsibilities shall be shared by two or more fiduciaries unless such sharing
shall be provided by a specific provision in the Plan or the Trust Agreement. If
any of the enumerated responsibilities of a fiduciary are specifically waived by
the Secretary of Labor, then such enumerated responsibilities shall also be
deemed to be waived for the purposes of the Plan and Trust Agreement. Whenever
one fiduciary is required by the Plan or the Trust Agreement to follow the
directions of another fiduciary, the two fiduciaries shall not be deemed to have
been assigned a share of any responsibility, but the responsibility of the
fiduciary giving the directions shall be deemed to be his sole responsibility
and the responsibility of the fiduciary receiving those directions shall be to
follow same insofar as such instructions on their face are proper under
applicable law. Any fiduciary may employ one or more persons to render advice
with respect to any responsibility such fiduciary has under the Plan or Trust
Agreement.

         Each fiduciary may, but need not, be a director, proprietor, partner,
officer or employee of the Employer. Nothing in the Plan shall be construed to
prohibit any fiduciary from:

                   (a) serving in more than one fiduciary capacity with respect
         to the Plan and Trust Agreement;

                                      -78-
<PAGE>

                   (b) receiving any benefit to which he may be entitled as a
         Participant or Beneficiary in the Plan, so long as the benefit is
         computed and paid on a basis that is consistent with the terms of the
         Plan as applied to all other Participants and Beneficiaries; or

                   (c) receiving any reasonable compensation for services
         rendered, or for the reimbursement of expenses properly and actually
         incurred in the performance of his duties with respect to the Plan,
         except that no person so serving who already receives full-time pay
         from an Employer shall receive compensation from the Plan, except for
         reimbursement of expenses properly and actually incurred.

         Each fiduciary shall be bonded as required by applicable law or statute
of the United States, or of any state having appropriate jurisdiction, unless
such bond may under such law or statute be waived by the parties to the Trust
Agreement. The Employer shall pay the cost of bonding any fiduciary who is an
employee of the Employer.

         Section 7.10. Applicable Law. The Plan will, unless superseded by
federal law, be construed and enforced according to the laws of the State of
Illinois, and all provisions of the Plan will, unless superseded by federal law,
be administered according to the laws of the said state.

SECTION 8. TRUST FUND.

         Section 8.1. Purpose of Trust Fund. The Trust Fund has been created and
will be maintained for the purposes of the Plan, and the moneys thereof will be
invested in accordance with the terms of the agreement and declaration of trust
which forms a part of the Plan. All contributions will be paid into the Trust
Fund, and all benefits under the Plan will be paid from the Trust Fund, except
to the extent provided by Section 3.5 hereof.

         Section 8.2. Benefits Supported Only by Trust Fund. Subject to
applicable provisions of law, any person having any claim under the Plan will
look solely to the assets of the Trust Fund for satisfaction.

         Section 8.3. Trust Fund Applicable Only to Payment of Benefits. The
Trust Fund will be used and applied only in accordance with the provisions of
the Plan, to provide the benefits thereof, and no part of the corpus or income
of the Trust Fund will be used for, or diverted to, purposes other than for the
exclusive benefit of Participants and other persons thereunder entitled to
benefits, except to the extent provided in Section 4.5 and Section 6.6 hereof
with respect to termination of the Plan and expenses of administration,
respectively.

         IN WITNESS WHEREOF, LITTELFUSE, INC. has caused this instrument to be
executed by its duly authorized officers on this ____ day of __________, 200_,
effective as of January 1, 1997.

(CORPORATE SEAL)

  ATTEST:                              LITTELFUSE, INC.

                                       By:
 ----------------------------------           ----------------------------------
        Secretary                      Title:
                                              ----------------------------------

                                      -79-
<PAGE>
                                FIRST SUPPLEMENT
                                       TO
                        LITTELFUSE, INC. RETIREMENT PLAN

                AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 1997

(A)      FIRST SUPPLEMENT A PART OF PLAN.

         (1) This FIRST SUPPLEMENT TO LITTELFUSE, INC. RETIREMENT PLAN (herein
referred to as the "First Supplement") forms a part of the LITTELFUSE, INC.
RETIREMENT PLAN as in effect on and after January 1, 1992.

         (2) All terms used in this First Supplement shall have the meanings
assigned to them in the provisions of the Plan unless otherwise qualified by the
context. There shall be no duplication of benefits between the Plan and this
First Supplement, and the actuarially equivalent benefits payable under one
shall be inclusive of the actuarially equivalent benefits payable under the
other unless specifically provided otherwise in the provisions of the Plan or
this First Supplement.

(B)      MODIFICATIONS IN BENEFITS PAYABLE UNDER PLAN TO CERTAIN
         LITTELFUSE, INC. EMPLOYEES

         The provisions of this Section (B) shall apply only to those
Participants in the Plan who were employees of Littelfuse, Inc. prior to January
1, 1976, whose Credited Service under the Plan commenced prior to January 1,
1976 and who were participants prior to January 1, 1976 in the Littelfuse, Inc.
Profit Sharing Trust (such profit sharing plan as in effect prior to January 1,
1976 is herein referred to as the `Littelfuse profit sharing plan') and/or who
were participants prior to January 1, 1976 in that group annuity contract
providing a group annuity fund for certain employees of Littelfuse, Inc., issued
by the Continental Assurance Company, Chicago, Illinois, effective January 1,
1961 (such retirement plan as in effect prior to December 31, 1975 is herein
referred to as the `Littelfuse superseded retirement plan'). All of the
provisions of the Plan shall apply to the Participants to whom the provisions of
this Section (B) are applicable except as provided otherwise in the following
subsections of this Section (B).

         (1) Littelfuse Profit Sharing Plan Monthly Retirement Income
Equivalent. The `Littelfuse Profit Sharing Plan Monthly Retirement Income
Equivalent' determined as of any given date specified in this Section (B) shall
mean the monthly amount of retirement income, payable as a straight life annuity
commencing on such given date, which is equal to the quotient of:

                   (a)     an amount equal to the sum of:

                            (i) the sum of (aa) the amount of employer
                  contributions, forfeitures and funds attributable thereto
                  which were credited to such Employee's accounts as of December
                  31, 1975 under the Littelfuse profit sharing plan as
                  determined from the records maintained with respect to the
                  Littelfuse profit sharing plan and (ii) interest on such
                  amount in (i) above at the rate of 6% per annum compounded
                  annually from January 1, 1976 to such given date;

                  and

                           (ii) if the Employee received a distribution under
                  the Littelfuse profit sharing plan prior to December 31, 1975
                  but his Credited Service as defined in the Plan includes
                  service accrued prior to the date of such distribution, the
                  sum of (i) the amount of such distribution which he received
                  under the Littelfuse profit sharing plan prior to December 31,
                  1975 and (ii) interest on such amount in (i) above at the rate
                  of 6% per annum compounded annually from the date of such
                  distribution to such given date;

                  divided by

                   (b) the factor specified in the schedule below based upon the
         Employee's attained age (to the nearest month) at such given date:

                   ATTAINED
               AGE ON GIVEN DATE                FACTOR

                  65 or older                  120.000
                     64                        125.865
                     63                        131.649
                     62                        137.339
                     61                        142.924
                     60                        148.392
                     59                        153.737
                     58                        158.951
                     57                        164.028
                     56                        168.964
                     55                        173.756
                     54                        178.402
                     53                        182.901
                     52                        187.250
                     51                        191.448
                     50                        195.496
                     49                        199.395
                     48                        203.146
                     47                        206.752
                     46                        210.213

                                      -1-
<PAGE>

                   ATTAINED
               AGE ON GIVEN DATE                FACTOR

                     45                        213.532
                     44                        216.714
                     43                        219.759
                     42                        222.674
                     41                        225.461
                     40                        228.124
                     39                        230.669
                     38                        233.098
                     37                        235.416
                     36                        237.627
                     35                        239.736

Straight line interpolation between the next higher age and the next lower age
shall be used to determine the factor that applies to a Participant whose
attained age (to the nearest month) at such given date is not a whole number of
years.

         (2) Littelfuse Superseded Retirement Plan Monthly Normal Retirement
Benefit. The term `Littelfuse Superseded Retirement Plan Monthly Normal
Retirement Benefit' as used in this Section (B) shall mean the monthly amount of
retirement income, payable as a straight life annuity, commencing on the
Employee's Normal Retirement Date, which is equal to the monthly normal
retirement benefit, if any, being provided on behalf of the Participant under
the terms of the Littelfuse superseded retirement plan as of December 31, 1975.

         (3) Normal Retirement Income. Notwithstanding the provisions of Section
2.1 of the Plan, but subject to the provisions of Section 4.1 of the Plan, the
monthly amount of retirement income determined under Section 2.1(B) of the Plan
which is payable as a straight life annuity in the manner described in Section
2.1(C) of the Plan on behalf of a Participant to whom the provisions of this
Section (B) are applicable, upon his normal retirement under the Plan at any
time on or after January 1, 1992, shall be equal to the excess of:

                   (a)     an amount equal to the sum of:

                           (i) the monthly retirement income equal to the
                               greater of:

                               (1) the sum of the Participant's Littelfuse
                           Profit Sharing Plan Monthly Retirement Income
                           Equivalent determined as of his Normal Retirement
                           Date and his Littelfuse Superseded Retirement Plan
                           Monthly Normal Retirement Benefit; or

                               (2) the monthly retirement income to which such
                           Participant would have otherwise been entitled as
                           determined under the provisions of Section 2.1(B) of
                           the Plan (ignoring the minimum monthly retirement
                           income described in such section of the Plan that
                           applies to a Participant who retires after his Normal
                           Retirement Date) multiplied by the fraction in which
                           the numerator is his number of years of Credited
                           Service, if any,

                                       2
<PAGE>
                           which were accrued prior to January 1, 1976 and which
                           are in excess of one year and the denominator is his
                           total number of years of Credited Service which are
                           in excess of one year;

                           plus

                           (ii) the monthly retirement income to which such
                  Participant would have otherwise been entitled as determined
                  under the provisions of Section 2.1(B) of the Plan (ignoring
                  the minimum monthly retirement income described in such
                  section of the Plan that applies to a Participant who retires
                  after his Normal Retirement Date) multiplied by the fraction
                  in which the numerator is his number of years of Credited
                  Service, exclusive of the greater of (1) one year or (2) his
                  number of years of Credited Service which were accrued prior
                  to January 1, 1976, and the denominator is his total number of
                  years of Credited Service which are in excess of one year;

                  over

                   (b) the Participant's Littelfuse Profit Sharing Plan Monthly
         Retirement Income Equivalent determined as of his Normal Retirement
         Date;

         provided, however, that such monthly amount of retirement income
         payable to any such Participant who retires after his Normal Retirement
         Date shall not be less than that amount which can be provided on an
         actuarially equivalent basis by the sum of (i) the single-sum value as
         of his Normal Retirement Date of the normal monthly retirement income
         which would have been payable to the Participant in accordance with the
         above provisions of this Section (B)(3) if he had retired on his Normal
         Retirement Date (using his number of years of Credited Service and
         Final Average Monthly Compensation determined as of his Normal
         Retirement Date instead of as of his actual retirement date) and (ii)
         the amount of interest on such single-sum value in (i) above, where the
         interest shall be compounded annually from the Participant's Normal
         Retirement Date to his actual retirement date. The actuarial
         computations to determine such monthly retirement income payable under
         the Plan on behalf of a Participant who retires after his Normal
         Retirement Date shall be on the basis of the interest and mortality
         assumptions which were being used as of the Participant's Normal
         Retirement Date to determine actuarially equivalent monthly retirement
         incomes.

         (4) Early Retirement Income. Notwithstanding the provisions of Section
2.2 of the Plan, but subject to the provisions of Section 4.1 of the Plan, the
monthly amount of retirement income determined under Section 2.2(B) of the Plan
which is payable as a straight life annuity in the manner described in Section
2.2(C) of the Plan on behalf of a Participant to whom the provisions of this
Section (B) are applicable, upon his early retirement under the Plan shall be
equal to the excess of:

                   (a)     an amount equal to the sum of:

                           (i)  the monthly retirement income equal to the
                                greater of:

                                       3
<PAGE>

                                    (1) the sum of:

                                             (aa) the Participant's Littelfuse
                                       Profit Sharing Plan Monthly Retirement
                                       Income Equivalent determined as of his
                                       Early Retirement Date;

                                    plus

                                             (bb) his Littelfuse Superseded
                                       Retirement Plan Monthly Normal Retirement
                                       Benefit multiplied by the Early
                                       Retirement Reduction Factor specified in
                                       Section 2.2(B)(2) of the Plan that
                                       applies at his Early Retirement Date;

                                    or

                                     (2) the monthly early retirement income to
                           which such Participant would have otherwise been
                           entitled as determined under the provisions of
                           Section 2.2(B) of the Plan multiplied by the fraction
                           in which the numerator is his number of years of
                           Credited Service, if any, which were accrued prior to
                           January 1, 1976 and which are in excess of one year
                           and the denominator is his total number of years of
                           Credited Service which are in excess of one year;

                           plus

                           (ii) the monthly early retirement income to which
                  such Participant would have otherwise been entitled as
                  determined under the provisions of Section 2.2(B) of the Plan
                  multiplied by the fraction in which the numerator is his
                  number of years of Credited Service, exclusive of the greater
                  of (1) one year or (2) his number of years of Credited Service
                  which were accrued prior to January 1, 1976, and the
                  denominator is his total number of years of Credited Service
                  which are in excess of one year;

                  over

                   (b) the Participant's Littelfuse Profit Sharing Plan
         Retirement Income Equivalent determined as of his Early Retirement
         Date.

         (5) Accrued Deferred Monthly Retirement Income Commencing at Normal
Retirement Date. Notwithstanding the provisions of Section 1.1(A) of the Plan,
the Accrued Deferred Monthly Retirement Income Commencing at Normal Retirement
Date which a Participant to whom the provisions of this Section (B) are
applicable has accrued under the Plan as of any given date prior to his Normal
Retirement Date shall be equal to the monthly retirement income, payable to the
Participant for life commencing at his Normal Retirement Date, if he shall then
be living, which is the actuarial equivalent of an amount of monthly retirement
income, payable to the Participant for life commencing at such given date, equal
to:

                   (a) an amount equal to the sum of:

                                       4
<PAGE>

                            (i) the monthly retirement income equal to the
                  greater of:

                                     (1)    the sum of:

                                            (aa) the Participant's Littelfuse
                                    Profit Sharing Plan Monthly Retirement
                                    Income Equivalent determined as of such
                                    given date;

                                    plus

                                            (bb) his Littelfuse Superseded
                                    Retirement Plan Monthly Normal Retirement
                                    Benefit multiplied by a factor that will
                                    convert such monthly retirement income
                                    payable to the Participant for life
                                    commencing on his Normal Retirement Date to
                                    an actuarially equivalent monthly retirement
                                    income payable to him for life commencing on
                                    such given date;

                                    or

                                     (2)    the product of:

                                            (aa) the Accrued Deferred Monthly
                                    Retirement Income Commencing at Normal
                                    Retirement Date which such Participant would
                                    have otherwise accrued as of such given date
                                    as determined under the provisions of
                                    Section 1.1(A) of the Plan multiplied by the
                                    fraction in which the numerator is his
                                    number of years of Credited Service, if any,
                                    at such given date which were accrued prior
                                    to January 1, 1976 and which are in excess
                                    of one year and the denominator is his total
                                    number of years of Credited Service at such
                                    given date which are in excess of one year;

                                    multiplied by

                                            (bb) a factor that will convert
                                    such monthly retirement income payable to
                                    the Participant for life commencing on his
                                    Normal Retirement Date to an actuarially
                                    equivalent monthly retirement income payable
                                    to him for life commencing on such given
                                    date;

                                    plus

                           (ii)     the product of:

                                     (1) the Accrued Deferred Monthly Retirement
                           Income Commencing at Normal Retirement Date which
                           such Participant would have otherwise accrued as of
                           such given date as determined under the provisions of
                           Section 1.1(A) of the Plan multiplied by the fraction
                           in which the numerator is his number of years of
                           Credited Service at such given

                                       5
<PAGE>

                           date, exclusive of the greater of (1) one year or (2)
                           his number of years of Credited Service which were
                           accrued prior to January 1, 1976, and the denominator
                           is his total number of years of Credited Service at
                           such given date which are in excess of one year;

                           multiplied by

                                     (2) a factor that will convert such monthly
                           retirement income payable to the Participant for life
                           commencing on his Normal Retirement Date to an
                           actuarially equivalent monthly retirement income
                           payable to him for life commencing on such given
                           date;

                           over

                   (b) the Participant's Littelfuse Profit Sharing Plan Monthly
         Retirement Income Equivalent; provided, however, that such Accrued
         Deferred Monthly Retirement Income Commencing at Normal Retirement Date
         which such a Participant has accrued as of a given date shall not
         exceed an amount that is actuarially equivalent as of such given date
         to that amount which would cause the monthly retirement income payable
         to or on behalf of the Participant under the Plan to be in excess of
         the maximum amount of retirement income permitted under Section 415 of
         the Internal Revenue Code.

(C)      RIGHT TO AMEND OR TERMINATE FIRST SUPPLEMENT.
The powers reserved in the Plan with respect to amendment and termination
thereof (Sections 6.4 and 6.5, respectively) shall apply with equal force to

                                       6<PAGE>
                                                                   EXHIBIT 10.10

EMPLOYMENT AGREEMENTS AND CHANGE OF CONTROL EMPLOYMENT AGREEMENTS ENTERED INTO
WITH EXECUTIVE OFFICERS

     The Company entered into an employment agreement dated November 2, 2001,
with Howard B. Witt, the Chairman, President and Chief Executive Officer of the
Company. His employment agreement has a term ending on December 31, 2003, and
provides that Mr. Witt will receive an annual salary of no less than $475,000,
plus bonuses to be determined from time to time by the Board of Directors of the
Company. To the extent he is otherwise eligible during the term of his
Employment Agreement, Mr. Witt will participate in and receive the benefits of
any and all stock options, pension, retirement, vacation, profit sharing,
health, disability insurance and other benefit plans, programs and policies
maintained by the Company.

     Mr. Witt's employment agreement provides that during its term, but subject
to election and removal by the Board of Directors of the Company, Mr. Witt will
serve as Chairman, President and Chief Executive Officer of the Company.

     In the event that the Company were to terminate Mr. Witt's employment
without Cause (as defined in his employment agreement), or Mr. Witt were to
terminate his employment for Good Reason (as defined in his employment
agreement), he would continue to be paid the compensation he would otherwise
have earned for the remaining balance of the term of his employment agreement
plus monthly payments of $20,833.33 for twenty-four months commencing January 1,
2004, in lieu of the compensation which would have been paid to Mr. Witt by the
Company under his consulting agreement described below.

     Mr. Witt has agreed that he will not compete with the Company for a period
of two years after any termination of his employment during the term of his
employment agreement, unless the Company shall terminate his employment without
Cause or Mr. Witt terminates his employment for Good Reason.

     In the event Mr. Witt continues as an employee of the Company for the
entire term of his employment agreement, the Company and he have agreed to enter
into a two-year consulting agreement which will pay Mr. Witt $250,000 per year
and which will require him to provide certain consulting services to the
Company. If so requested by the Board of Directors of the Company and elected by
the stockholders of the Company, Mr. Witt has agreed to serve as a Director of
the Company during the two-year term of his consulting agreement.

     The Company entered into change of control employment agreements dated
November 2, 2001, with Mr. Witt and dated September 1, 2001, with Kenneth R.
Audino, William S. Barron and Philip G. Franklin. These change of control
employment agreements are designed to provide these individuals with certain
employment and compensation protection in the event that there was a Change of
Control (as defined in these agreements) with respect to the Company at any time
prior to January 1, 2004, with respect to Mr. Witt, and prior to September 1,
2006, with respect to the others. If such a Change of Control were to occur and
any of these individual's employment with the Company was terminated at any time
during the two-year period thereafter, other than for Cause (as defined in these
agreements), or if during these time periods any of these individuals were to
terminate his employment for Good Reason (as defined in these agreements), then
the Company would be obligated to make the payments described below for the
benefit of these individuals.

     Under Mr. Witt's change of control employment agreement, and in order to
compensate Mr. Witt for the compensation he would have received under his
consulting agreement, Mr. Witt's annual base salary would be increased by
$250,000 and the Company would pay him his compensation which had accrued prior
to the date of termination, including an annualized bonus, plus an amount equal
to the product of two times the sum of Mr. Witt's annual base salary plus bonus.
Additionally, the Company would contribute on behalf of Mr. Witt to the
Company's Supplemental Executive Retirement Plan (the "SERP") an amount equal to
the amount which would have been credited to Mr. Witt's account under the SERP
if Mr. Witt had continued in the employment of the Company for an additional two
years after the date of termination and Mr. Witt's SERP account balance would no
longer be subject to forfeiture in the event he were to be employed by a
competitor of the Company.

     In the event any payments received by Mr. Witt upon a Change of Control
would require him to pay the 20% excise tax imposed by Section 4999 of the
Internal Revenue Code, the Company would make an additional payment to Mr. Witt
in an amount such that, after payment by Mr. Witt of such excise tax, Mr. Witt
would retain the same amount of the payments made by the Company to him which he
would have retained if he had not paid the excise tax.

     With respect to the other individuals, under their change of control
employment agreements they will be paid their accrued compensation and
annualized bonus, and will receive an amount equal to two times the sum of their
annual salary plus bonus, two additional years of crediting under the SERP and
two years of continuing medical insurance benefits. They will also receive the
excise tax "gross-up" payment described above. Additionally, if any individual
were to terminate his employment with the Company for Good Reason (as defined in
these agreements) or be terminated by the Company other than for Cause (as
defined in these agreements) during the two-year period following a Change of
Control the individual's account balance under the SERP would not be subject to
forfeiture in the event he were to work for a competitor of the Company.

                                       1
<PAGE>

     Unless the Company were to terminate Mr. Witt's employment for Cause or Mr.
Witt were to terminate his employment with the Company without Good Reason, upon
any termination of Mr. Witt's employment with Littelfuse (either during the term
of his employment agreement or his change of control employment agreement) he
will receive the following benefits: (1) the maturity date of any outstanding
loans made by the Company to Mr. Witt under the Littelfuse Executive Loan
Program would be extended until the first anniversary of any such termination;
(2) all of Mr. Witt's outstanding stock options would vest and he would have
three years after any such termination to exercise these stock options; and (3)
Mr. Witt and his spouse would continue to receive for ten years after any such
termination life insurance and medical insurance benefits comparable to those
which were being provided to Mr. Witt and his spouse immediately prior to such
termination.

                                       2

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