Document:

<PAGE>
                                                                    Exhibit 4.18

                            INDEMNIFICATION AGREEMENT

         This Indemnification Agreement (this "Agreement") is made as of
_________, 200_, at Cleveland, Ohio, between Developers Diversified Realty
Corporation, an Ohio corporation (the "Company"), and ___________________ (the
"Director").

                             Background Information

A. The Director is a member of the Company's Board of Directors (the "Board")
and, in that capacity, is performing valuable services for the Company.

B. The shareholders of the Company have adopted a Code of Regulations, as
amended (the "Regulations"), providing for indemnification of the directors of
the Company in accordance with Section 1701.13 of the Ohio Revised Code (the
"Statute"). The Regulations and the Statute specifically provide that they are
not exclusive, and contemplate that contracts may be entered into between the
Company and directors with respect to indemnification of directors.

C. The Company and Director recognize the substantial cost of carrying directors
and officers liability insurance ("D&O Insurance") and that the Company may
elect not to carry D&O Insurance from time to time.

D. The Company and Director further recognize that officers and directors may be
exposed to certain risks including the increased risk of litigation and other
claims being asserted against directors of public companies in today's
environment.

E. These factors with respect to the coverage and cost to the Company of D&O
Insurance and issues concerning the scope of indemnity under the Statute and
Regulations generally have raised questions concerning the adequacy and
reliability of the protection presently afforded to directors.

F. In order to address such issues and induce the Director to serve and continue
to serve as a member of the Board, the Company has determined to enter into this
Agreement with the Director.

                             Statement of Agreement

         In consideration of the Director's continued service as a member of the
Board after the date of this Agreement, the Company and the Director hereby
agree as follows:

Section 1. INDEMNITY OF DIRECTOR. Subject only to the limitations set forth in
Section 2 below, the Company shall indemnify the Director to the full extent not
otherwise prohibited by the Statute or other applicable law, including without
limitation indemnity:

         (a) Against any and all costs and expenses (including legal, expert,
         and other professional fees and expenses), judgments, damages, fines
         (including excise taxes with respect to employee benefit plans),
         penalties, and amounts paid in settlement actually and

<PAGE>

         reasonably incurred by the Director (collectively, "Expenses"), in
         connection with any threatened, pending, or completed action, suit or
         proceeding, or arbitration or other alternative dispute resolution
         mechanism (whether civil, criminal, administrative, or investigative
         and including without limitation an action by or in the right of the
         Company) (each a "Proceeding") to which the Director is or at any time
         becomes a party or witness, or is threatened to be made a party or
         witness as a result, directly or indirectly, of serving at any time:
         (i) as a director, officer, employee, or agent of the Company; or (ii)
         at the request of the Company as a director, officer, employee,
         trustee, fiduciary, manager, member, or agent of a corporation,
         partnership, trust, limited liability company, employee benefit plan,
         or other enterprise or entity; and (b) Otherwise to the fullest extent
         that the Director may be indemnified by the Company under the
         Regulations and the Statute, including without limitation the
         non-exclusivity provisions thereof.

Section 2. LIMITATIONS ON INDEMNITY. No indemnity pursuant to Section 1 shall be
paid by the Company:

         (a) Except to the extent that the aggregate amount of losses to be
         indemnified exceed the aggregate amount of such losses for which the
         Director is actually paid or reimbursed pursuant to D&O Insurance, if
         any, which may be purchased and maintained by the Company or any of its
         subsidiaries;

         (b) On account of any Proceeding in which judgment is rendered against
         the Director for an accounting of profits made from the purchase or
         sale of securities of the Company pursuant to the provisions of Section
         16(b) of the Securities Exchange Act of 1934, as amended;

         (c) On account of the Director's conduct which is determined (pursuant
         to the Statute) to have been knowingly fraudulent, deliberately
         dishonest, or willful misconduct, except to the extent such indemnity
         is otherwise permitted under the Statute;

         (d) With respect to any remuneration paid to the Director determined,
         by a court having jurisdiction in the matter in a final adjudication
         from which there is no further right of appeal, to have been in
         violation of law;

         (e) If it shall have been determined by a court having jurisdiction in
         the matter, in a final adjudication from which there is no further
         right of appeal, that indemnification is not lawful;

         (f) On account of the Director's conduct to the extent it relates to
         any matter that occurred prior to the time such individual became a
         director of the Company; provided, however, that this limitation shall
         not apply to the extent such matter occurred while the Director was a
         director, officer, employee or agent of the Company or its subsidiaries
         (other than prior to the time such entity became a subsidiary of the
         Company); or

         (g) With respect to Proceedings initiated or brought voluntarily by the
         Director and not by way of defense, except pursuant to Section 8 with
         respect to proceedings brought

                                       2
<PAGE>

         to enforce rights or to collect money due under this Agreement;
         provided however that indemnity may be provided by the Company in
         specific cases if the Board finds it to be appropriate.

         In no event shall the Company be obligated to indemnify the Director
pursuant to this Agreement to the extent such indemnification is prohibited by
applicable law.

Section 3. ADVANCEMENT OF EXPENSES. Subject to Section 7 of this Agreement, the
Expenses incurred by the Director in connection with any Proceeding shall be
promptly reimbursed or paid by the Company as they become due; provided the
Director submits a written request to the Company for such payment together with
reasonable supporting documentation for such Expenses; and provided further that
the Director, at the request of the Company, submits to the Company an
undertaking to the effect stated in Section 7 below, and to reasonably cooperate
with the Company concerning such Proceeding.

Section 4. INSURANCE AND SELF INSURANCE. The Company shall not be required to
maintain D&O Insurance in effect if and to the extent that such insurance is not
reasonably available or if, in the reasonable business judgment of the Board,
either (a) the premium cost of such insurance is disproportionate to the amount
of coverage, or (b) the coverage provided by such insurance is so limited by
exclusions that there is insufficient benefit from such insurance. To the extent
the Company determines not to maintain D&O Insurance, the Company shall be
deemed to be self-insured within the meaning of Section 1701.13(E)(7) of the
Statute and shall, in addition to the Director's other rights hereunder, provide
protection to the Director similar to that which otherwise would have been
available to the Director under such insurance.

Section 5. CONTINUATION OF OBLIGATIONS. All obligations of the Company under
this Agreement shall apply retroactively beginning on the date the Director
commenced as, and shall continue during the period that the Director remains, a
director of the Company or is, as described above, a director, officer,
employee, trustee, fiduciary, manager, member, or agent of another corporation,
partnership, limited liability company, trust, employee benefit plan, or other
enterprise and shall continue thereafter as long as the Director may be subject
to any possible claim or any threatened, pending or completed Proceeding as a
result, directly or indirectly, of being such a director, officer, employee,
trustee, fiduciary, manager, member, or agent.

Section 6. NOTIFICATION AND DEFENSE OF CLAIM. Promptly after receipt by the
Director of notice of the commencement of any Proceeding, if a claim is to be
made against the Company under this Agreement, the Director shall notify the
Company of the commencement thereof, but the delay or omission to so notify the
Company shall not relieve the Company from any liability which it may have to
the Director under this Agreement, except to the extent the Company is
materially prejudiced by such delay or omission. With respect to any such
Proceeding of which the Director notifies the Company of the commencement:

         (a) The Company shall be entitled to participate therein at its own
         expense;

         (b) The Company shall be entitled to assume the defense thereof,
         jointly with any other indemnifying party similarly notified, with
         counsel selected by the Company and

                                       3
<PAGE>

         approved by the Director, which approval shall not unreasonably be
         withheld. After notice from the Company to the Director of the
         Company's election to assume such defense, the Company shall not be
         liable to the Director under this Agreement for any legal or other
         Expenses subsequently incurred by the Director in connection with the
         defense thereof except as otherwise provided below. The Director shall
         have the right to employ his own counsel in such Proceeding, but the
         fees and expenses of such counsel incurred after notice from the
         Company of its assumption of such defense shall be the expenses of the
         Director unless (i) the employment of such counsel by the Director has
         been authorized by the Company, (ii) the Director, upon the advice of
         counsel, shall have reasonably concluded that there may be a conflict
         of interest between the Company and the Director in the conduct of such
         defense, or (iii) the Company has not in fact employed counsel to
         assume such defense, in any of which cases the fees and expenses of
         such counsel shall be the expense of the Company. The Company shall not
         be entitled to assume the defense of any Proceeding brought by or on
         behalf of the Company or as to which the Director, upon the advice of
         counsel, shall have made the conclusion described in (ii), above. In
         the event the Company assumes the defense of any Proceeding as provided
         in this Section 6(b), the Company may defend or settle such Proceeding
         as it deems appropriate; provided, however, the Company shall not
         settle any Proceeding in any manner which would impose any penalty or
         limitation on the Director without the Director's written consent,
         which consent shall not be unreasonably withheld.

         (c) The Company shall not be required to indemnify the Director under
         this Agreement for any amounts paid in settlement of any Proceeding
         without the Company's written consent, which consent shall not be
         unreasonably withheld.

         (d) The Director shall cooperate with the Company in all ways
         reasonably requested by it in connection with the Company fulfilling
         its obligations under this Agreement.

Section 7. REPAYMENT OF EXPENSES. The Director shall reimburse the Company for
all Expenses paid by the Company pursuant to Section 3 of this Agreement or
otherwise in defending any Proceeding against the Director if and only to the
extent that a determination shall have been made by a court in a final
adjudication from which there is no further right of appeal that it has been
shown by clear and convincing evidence that the Director's action or failure to
act involved an act or omission undertaken with deliberate intent to cause
injury to the Company or undertaken with reckless disregard for the best
interests of the Company.

Section 8. ENFORCEMENT. The Company expressly confirms that it has entered into
this Agreement and has assumed the obligations of this Agreement in order to
induce the Director to serve or continue to serve as a director of the Company
and acknowledges that the Director is relying upon this Agreement in continuing
in that capacity. If the Director is required to bring an action to enforce
rights or to collect money due under this Agreement, the Company shall reimburse
the Director for all of the Director's reasonable fees and expenses (including
legal, expert, and other professional fees and expenses) in bringing and
pursuing such action, unless the court determines that each of the material
assertions made by the Director as a basis for such action were not made in good
faith or were frivolous. The Company shall have the burden of proving that
indemnification is not required under this Agreement, unless a prior
determination

                                       4
<PAGE>

has been made by the shareholders of the Company or a court of competent
jurisdiction that indemnification is not required hereunder.

Section 9. RIGHTS NOT EXCLUSIVE. The indemnification provided by this Agreement
shall not be deemed exclusive of any other rights to which the Director may be
entitled under the Company's articles of incorporation, Regulations, any vote of
the shareholders or disinterested directors of the Company, the Statute, the
Ohio General Corporation Law (whether by statute or judicial decision) or
otherwise, both as to action in his official capacity and as to action in
another capacity while holding such office.

Section 10. SUBROGATION. In the event of payment under this Agreement, the
Company shall be subrogated to the extent of such payment to all of the rights
of the recovery of the Director, who shall execute all papers required and shall
do everything that may be necessary to secure such rights, including the
execution of such documents necessary to enable the Company effectively to bring
suit to enforce such rights.

Section 11. NO CONSTRUCTION AS EMPLOYMENT AGREEMENT. Nothing contained herein
shall be construed as giving the Director, if an employee of the Company or any
of its related enterprises, any right to be retained in the employ of the
Company or any of its related enterprises.

Section 12. SEPARABILITY. Each of the provisions of this Agreement is a separate
and distinct Agreement and independent of the others so that, if any provisions
of this Agreement shall be held to be invalid and unenforceable for any reason,
such invalidity or unenforceability shall not affect the validity or
enforceability of the other provisions of this Agreement.

Section 13. MODIFICATION TO APPLICABLE LAW. In the event there is a change,
after the date of this Agreement, in any applicable law (including without
limitation the Statute or the Ohio General Corporation Law (whether by Statute
or judicial decision)) which: (a) expands the right of an Ohio corporation to
indemnify a member of its board of directors or an officer, such change shall be
automatically included within the scope of the Director's rights and Company's
obligations under this Agreement; or (b) narrows the right of an Ohio
corporation to indemnify a member of its board of directors or an officer, such
change, to the extent not otherwise required by such law, shall have no effect
on this Agreement or the parties' rights and obligations hereunder.

Section 14. PARTIAL INDEMNITY. If the Director is entitled under any provision
of this Agreement to indemnity by the Company for some or a portion of the
Expenses actually or reasonably incurred by him in the investigation, defense,
appeal, or settlement of any Proceeding, but not for the total amount thereof,
the Company shall nevertheless indemnify the Director for the portion of such
Expenses to which the Director is entitled.

Section 15. GOVERNING LAW. This Agreement shall be interpreted and enforced in
accordance with the laws of the State of Ohio, without regard to choice of law
principles.

                                       5
<PAGE>

Section 16. SUCCESSORS. This Agreement shall be binding upon, inure to the
benefit of, and be enforceable by and against the Director and the Company and
their respective heirs, successors, and assigns. The Company shall require any
successor or assign (whether direct or indirect, by purchase, merger,
consolidation, or otherwise) to all or substantially all of the business and/or
assets of the Company, expressly, absolutely, and unconditionally to assume and
agree to perform this Agreement in the same manner and to the same extent that
the Company would be required to perform it if no such succession or assignment
had taken place.

Section 17. PRIOR AGREEMENTS. This Agreement shall supersede any other
agreements entered into prior to the date of this Agreement between the Company
and the Director concerning the subject matter of this Agreement.

Section 18. CONSENT TO JURISDICTION. The Company and the Director each hereby
irrevocably consents to the jurisdiction of the courts of the State of Ohio for
all purposes in connection with any action or proceeding which arises out of or
relates to this Agreement and hereby waives any objections or defenses relating
to jurisdiction with respect to any lawsuit or other legal proceeding initiated
in or transferred to such courts.

                                 DEVELOPERS DIVERSIFIED REALTY CORPORATION

                                 By:
                                    --------------------------------------------

                                 DIRECTOR:

                                 -----------------------------------------------

                                       6<PAGE>
                                                                    Exhibit 10.4

                    DEVELOPERS DIVERSIFIED REALTY CORPORATION

                       Elective Deferred Compensation Plan

                           Amended and Restated as of
                                 January 1, 2004

<PAGE>

                               2004 RESTATEMENT OF

                    DEVELOPERS DIVERSIFIED REALTY CORPORATION

                       ELECTIVE DEFERRED COMPENSATION PLAN

                                TABLE OF CONTENTS

ITEM I   Purpose.............................................................  1

ITEM II  Definitions.........................................................  1
         SECTION 2.1 - Account...............................................  1
         SECTION 2.1.1 - Affiliated Company..................................  1
         SECTION 2.2 - Committee.............................................  2
         SECTION 2.3 - Compensation..........................................  2
         SECTION 2.4 - Deferred Compensation.................................  2
         SECTION 2.5 - Deferred Compensation Account.........................  2
         SECTION 2.6 - Employer Match Account................................  2
         SECTION 2.7 - Participant...........................................  2
         SECTION 2.8 - Plan..................................................  3
         SECTION 2.9 - Plan Year.............................................  3
         SECTION 2.9.1 - Termination of Employment...........................  3
         SECTION 2.10 - Trust................................................  3
         SECTION 2.11 - 401(k) Plan..........................................  3

ITEM III Administration......................................................  3
         SECTION 3.1 - General...............................................  3
         SECTION 3.2 - Trust.................................................  3

ITEM IV  Eligibility and Participation.......................................  4

ITEM V   Deferred Compensation Elections and Limitations.....................  5
         SECTION 5.1 - Election to Defer Compensation........................  5
         SECTION 5.2 - Timing of Credit to Deferred Compensation Account.....  5
         SECTION 5.3 - Limitation on Deferrals...............................  5

ITEM VI  Election Procedures.................................................  6

ITEM VII Adjustments to Accounts.............................................  6
         SECTION 7.1 - Deemed Investment Earnings or Losses..................  6
         SECTION 7.2 - Deemed Investment Directions by Participants..........  7

ITEM VIII Employer Match Account.............................................  8

                                      -i-
<PAGE>
                               TABLE OF CONTENTS
                                  (CONTINUED)
                                                                            PAGE

         SECTION 8.1 - Employer Match Amount.................................  8
         SECTION 8.2 - Credit for Distributions of 401(k) Excess.............  8
         SECTION 8.3 - Vesting of Employer Match Account.....................  9
         SECTION 8.4 - Adjustments........................................... 10

ITEM IX  Reporting........................................................... 10

ITEM X   Payment-of Deferred Compensation and Employer Match Accounts........ 11
         SECTION 10.1 - Payment Elections.................................... 11
         SECTION 10.2 - Forms of Payment..................................... 11
         SECTION 10.3 - Hardship Withdrawals................................. 12
         SECTION 10.4 - Non-Hardship Withdrawals............................. 13
         SECTION 10.5 - Section 162(m) Deferrals............................. 14

ITEM XI  Acceleration of Payment by the Company.............................. 14

ITEM XII Death of Participant................................................ 15
         SECTION 12.1 - Form of Payment to Beneficiary....................... 14
         SECTION 12.2 - Designation of Beneficiary........................... 15

ITEM XIII  Amendment and Termination of the Plan............................. 15
         SECTION 13.1 - Procedure............................................ 15
         SECTION 13.2 - Nonforfeiture........................................ 16

ITEM XIV Determination of Benefits, Claims Procedure, and Administration..... 16
         SECTION 14.1 - Claim................................................ 16
         SECTION 14.2 - Claim Decision....................................... 16
         SECTION 14.3 - Request for Review................................... 17
         SECTION 14.4 - Review of Decision................................... 17

ITEM XV  Miscellaneous....................................................... 18
         SECTION 15.1 - No Property Rights................................... 18
         SECTION 15.2 - No Employment Rights................................. 18
         SECTION 15.3 - Withholding.......................................... 18
         SECTION 15.4 - Anti-alienation Provision............................ 18
         SECTION 15.5 - Successors........................................... 19
         SECTION 15.6 - Entire Agreement..................................... 19
         SECTION 15.7 - Governing Law........................................ 20

                                      -ii-
<PAGE>

                    DEVELOPERS DIVERSIFIED REALTY CORPORATION

                       ELECTIVE DEFERRED COMPENSATION PLAN

                           Amended and Restated as of:

                                 January 1, 2004

                                     ITEM I
                                     ------

                                    Purpose
                                    -------

     Developers Diversified Realty Corporation (hereinafter "the Company")
established this Elective Deferred Compensation Plan effective October 15, 1994
(hereinafter "the Plan"), to provide a select group of key management employees
with the opportunity to supplement their qualified retirement plan savings with
additional elective deferrals of Compensation, and the opportunity to receive a
credit for matching contributions that would be made by the Company under the
Developers Diversified Realty Corporation Profit Sharing Plan and Trust
(hereinafter the "401(k) Plan") based on the employee's Deferred Compensation
but for the limitations placed on such employees' ability to defer compensation
under the 401(k) Plan. The Company now desires to amend and restate the Plan, in
its entirety, effective as of January 1, 2004.

                                    ITEM II
                                    -------

                                  Definitions
                                  -----------

     SECTION 2.1 - Account. "Account" shall mean the aggregate value of a
Participant's Deferred Compensation Account and his or her Employer Match
Account.

     SECTION 2.1.1 - Affiliated Company. "Affiliated Company" shall mean any
corporation, limited liability company or other business entity in which the
Company and shareholders of the Company, separately or in the aggregate, own
more than 50% of the voting, profits, or capital interest.

<PAGE>
     SECTION 2.2 - Committee. "Committee" shall mean the Executive Compensation
Committee of the Board of Directors of the Company.

     SECTION 2.3 - Compensation. "Compensation" shall mean gross salary and
bonus, if any, that is paid, or that would be paid but for an election under the
Plan, to a Participant by the Company for services rendered during a Plan Year.
For purposes of this Plan, Compensation shall, without limitation, include the
amount of any elective deferrals made to the 401(k) Plan (described below), but
shall not include the amount of any income received by a Participant with
respect to a restricted share award or pursuant to the exercise or sale of any
options or the sale of any stock acquired through the exercise of any options in
Company stock.

     SECTION 2.4 - Deferred Compensation. "Deferred Compensation" shall mean the
amount of Compensation that would be paid to a Participant during a Plan Year
but for that Participant's pre-service election under Section 5.1 (other than
any amounts contributed to the 401(k) Plan) to forgo receipt, actual or
constructive, of that Compensation during such Plan Year.

     SECTION 2.5 - Deferred Compensation Account. A Participant's "Deferred
Compensation Account" shall mean the aggregate value of Compensation that has
been deferred under this Plan pursuant to the Participant's elections under
Section 5.1, as adjusted under Item VII.

     SECTION 2.6 - Employer Match Account. A Participant's "Employer Match
Account" shall mean the aggregate value of Employer Match Amounts credited to a
Participant's Account, in accordance with Item VIII, and as adjusted under Item
VII.

     SECTION 2.7 - Participant. "Participant" shall mean any employee of the
Company or any employee of an Affiliated Company who has Deferred Compensation
credited to his or her Account.

                                       2
<PAGE>

     SECTION 2.8 - Plan. "Plan" shall mean the plan established by this
instrument as originally executed, and as it may later be amended or restated.

     SECTION 2.9 - Plan Year. "Plan Year" shall mean the 12-month period ending
on December 31 or such shorter period during which the Plan may be in effect
during a calendar year.

     SECTION 2.9.1 - Termination of Employment. "Termination of Employment"
shall mean an employee's termination of employment with either the Company or an
Affiliated Company.

     SECTION 2.10 - Trust. The word "trust" shall refer to any grantor trust
established by the Company in connection with this Plan.

     SECTION 2.11 - 401(k) Plan. The term "401(k) Plan" shall mean the
Developers Diversified Realty Corporation Profit Sharing Plan and Trust.

                                    ITEM III
                                    --------

                                 Administration
                                 --------------

     SECTION 3.1 - General. The Committee shall administer the Plan, and all
decisions of the Committee shall be binding upon all parties, and any
Participant shall be bound by the determinations of the Committee. No member of
the Committee shall be liable to any Participant or to the Company for any
determination made within the scope of the administrative and interpretive
functions granted by the Board. No member of the Committee shall participate in
any discussion or determination involving his or her own entitlement to benefits
or the form or amount of payment of such benefits. The Committee may delegate
the administration of the Plan to one or more officers of the Company.

     SECTION 3.2 - Trust. The Company may, in its sole and absolute discretion,
establish a "rabbi trust" and transfer assets to the trust to provide for all or
any part of the Company's

                                       3
<PAGE>

benefit obligations under the Plan, provided that any such trust agreement shall
conform in all respects to the model trust contained in Revenue Procedure 92-64
issued by the Internal Revenue Service. Notwithstanding anything to the contrary
in this Plan whether express or implied, the Company shall be under no
obligation to maintain a rabbi trust, or if it maintains a rabbi trust, shall be
under no obligation to contribute assets to the trust at any time or in any
minimum amount.

                                     ITEM IV
                                     -------

                          Eligibility and Participation
                          -----------------------------

     Employees who shall be eligible to participate under this Plan shall be
those employees who are, or who become, executive officers or members of the key
management team of the Company. The Committee shall have the sole and exclusive
right to determine from year to year which employees will be selected to
participate in the Plan in any given year ("participating employees"). The
determination as to participation for any Plan Year shall be made in the last
quarter of the preceding Plan Year, provided that the Committee may determine at
any time during a Plan Year that an employee may make an election to participate
in the Plan for the current Plan Year if such employee has not participated in
the Plan before and such election is made within 30 days of such determination.
The Committee may terminate the participation of any Participant in the Plan at
any time, provided that such termination shall not affect the rights of the
terminated Participant with respect to payment of his or her Deferred
Compensation Account or Employer Match Account, including but not limited to the
timing of distributions to the Participant in accordance with the Participant's
elections, subject however to the Committee's right to accelerate payments under
Item XI of this Plan. Employees of Affiliated Companies shall not be eligible to
make deferrals or receive matching contributions under the

                                       4
<PAGE>

Plan. Participants who become employed by an Affiliated Company shall no longer
be eligible to elect to make deferrals or receive any matching contributions.

                                     ITEM V
                                     ------

                 Deferred Compensation Elections and Limitations
                 -----------------------------------------------

     SECTION 5.1 - Election to Defer Compensation. A participating employee may
elect, before the end of the Plan Year, to defer receipt of a percentage or
specific dollar amount of his or her Compensation for services to be rendered in
the following Plan Year, subject to such rules and procedures as may be
determined by the Committee from time to time.

     SECTION 5.2 - Timing of Credit to Deferred Compensation Account. If the
participating employee elects to defer compensation to his Deferred Compensation
Account under Section 5.1 above, he or she shall further specify the payroll
dates on which such deferral shall be made and the method of determining the
amount to be deferred from his or her regular payroll or bonus check and
credited to his or her Deferred Compensation Account on the specified payroll
dates (the "Schedule of Credits"). A Schedule of Credits submitted by a
participating employee may be modified by the Company at any time to the extent
necessary if the Schedule of Credits is not administratively feasible provided
that no such modifications shall alter the participating employee's election
regarding the aggregate amounts to be deferred in any Plan Year.

     SECTION 5.3 - Limitation on Deferrals. Elective deferrals under this Plan
(which phrase does not include elective deferrals into the 401(k) Plan), shall
not exceed 100% of Compensation in any Plan Year.

                                    ITEM VI
                                    -------

                               Election Procedures
                               -------------------

     Any election by a participating employee to defer receipt of Compensation
shall be made on an Election Form substantially similar to the Election Form
that is attached hereto as Exhibit

                                       5
<PAGE>

A, as such Election Form may be amended by the Committee from time to time.
Except as otherwise provided in Item IV hereof with respect to new Participants,
the election under Section 5.1 shall be made by the participating employee no
later than the last day of the Plan Year preceding the Plan Year in which the
services giving rise to the Compensation to be deferred will be rendered. Any
election shall be deemed to be made when the completed and executed election
form is received by the Committee or its agent. A separate irrevocable election
to defer receipt of Compensation shall be made by participating employees with
respect to each Plan Year. If a participating employee does not file an election
form by the date specified in this Item VI with respect to any Plan Year, he or
she shall be deemed to have elected to defer receipt of his or her Compensation
for such Plan Year on a basis consistent with the Participant's election for the
immediately preceding Plan Year.

                                    ITEM VII
                                    --------

                             Adjustments to Accounts
                             -----------------------

     SECTION 7.1 - Deemed Investment Earnings or Losses. In accordance with
Section 7.2 below, each Participant shall direct the Committee as to how amounts
in his or her Deferred Compensation Account shall be deemed to be invested from
among the investment funds designated by the Committee from time to time. Each
Participant's Deferred Compensation Account shall be credited or debited with
the gains or losses from the deemed investments in such Participant's Deferred
Compensation Account from time to time, but not less frequently than as of the
last day of each calendar month, provided that the timing of the credit or debit
of gains or losses from the deemed investments may be modified by the Company at
any time to the extent necessary if the then scheduled timing of the credit or
debit is not administratively feasible. If any distribution is to be made to a
Participant, the amount of deemed investment earnings or losses in a
Participant's Deferred Compensation Account shall be determined as of

                                       6
<PAGE>

the end of the last business day prior to the date on which any such
distribution commences. Notwithstanding anything to the contrary herein whether
express or implied, the Company shall not be bound to invest any amounts in a
participant's Deferred Compensation Account in the investment funds specified by
the Participant. The investment funds are to be used solely for purposes of
crediting or debiting each Participant's Deferred Compensation Account with
deemed earning or losses thereon, and such crediting or debiting shall not be
considered or construed in any manner as an actual investment in any such fund.

     SECTION 7.2 - Deemed Investment Directions by Participants. A Participant
shall, subject to any procedures established by the Committee, submit in writing
on a form supplied by the Committee, a deemed direction of the investment of his
or her Account. Such deemed direction of investments may only be made between
and among the funds designated for such purpose by the Committee. Any such
deemed investment directions must be made in writing, and shall remain in effect
until notice of a change of election is received in writing by the Committee. A
Participant may change his or her deemed investment designations by filing a new
election with the Committee by a date specified by the Committee, provided such
change is made on such form as may be prescribed by the Committee for such
purpose. All amounts credited to a Participant's Account after such election is
in force shall be deemed to be invested in accordance with the most recent
election made by the Participant until a new election is filed with the
Committee by the Participant and takes effect. Any such change shall be deemed
effective at such time as may be determined by the Committee, but in no event
shall any such change be effective later than the first day of the calendar
month following the date on which notice of such change is received by the
Committee. If a Participant fails to submit a deemed direction of investments
with respect to all or any portion of such Participant's Account, the
Participant shall be deemed to have elected a money market fund with respect to
such

                                       7
<PAGE>

unallocated portion. The Company, its officers and directors, and the
Committee, and any of its members, shall not be liable for any loss which occurs
as the result of a Participant's deemed election to direct the investment of his
or her Account hereunder, or failure to submit a deemed direction of
investments.

                                    ITEM VIII
                                    ---------

                             Employer Match Account
                             ----------------------

     SECTION 8.1 - Employer Match Amount. The Company shall match a
Participant's deferrals under this Plan by crediting the Participant's Employer
Match Account in the amount of fifty percent (50%) of the first six percent (6%)
of Compensation deferred in any Plan Year (the "Employer Match Amount");
provided, however, that a Participant shall be eligible for the Employer Match
Amount hereunder for any Plan Year only if the Participant makes salary deferral
contributions to the 401(k) Plan equal to the lesser of the Code Section 402(g)
limit, any limit imposed by the Company or the limit required for the 401(k)
Plan to pass non-discrimination testing. In addition, the amount credited to any
Participant's Employer Match Account in any Plan Year shall not, when added to
the amount of any employer matching contributions made on behalf of the
Participant under the 401(k) Plan for the same Plan Year, exceed three percent
(3%) of the Participant's Compensation for that Plan Year. The Committee shall
determine the date or dates on which the Employer Match Amount will be credited
to the Participant's Employer Match Account, provided that such crediting shall
occur no later than during the first quarter of the Plan Year following the Plan
Year in which the deferral giving rise to the match occurred.

     SECTION 8.2 - Credit for Distributions of 401(k) Excess. If a Participant
receives a distribution of matching contributions from the 401(k) Plan as a
result of excess salary deferral or matching contributions, then such matching
contributions shall not be duplicated under this

                                       8
<PAGE>

Plan. However, if a Participant's matching contributions under the 401(k) Plan
are forfeited as a result of excess salary deferral or matching contributions,
then an amount equivalent to the matching contribution so forfeited shall be
credited to the Participant's Employer Match Account under this Plan.

     SECTION 8.3 - Vesting of Employer Match Account. A Participant shall vest
in his or her Employer Match Account based on his or her years of employment
with the Company or an Affiliated Company at the rate of 20% for each year of
employment with the Company or an Affiliated Company. For this purpose, a "year
of employment" shall be any 12-month period during which the participating
employee is employed full time with the Company or an Affiliated Company. Once a
Participant's Employer Match Account is 100% vested, the Account and all
subsequent credits and adjustments to the Account shall remain 100% vested. A
Participant's Employer Match Account shall be 100% vested, regardless of his or
her years of employment, in the event of the Participant's death while employed
by the Company or an Affiliated Company or in the event the Participant's
employment with the Company or an Affiliated Company terminates on account of
disability. Participant Employer Match Accounts shall also be 100% vested in the
event that substantially all of the assets of the Company are sold, or if the
Company is liquidated or dissolved, or is merged or consolidated into another
corporation and the Company is not the surviving corporation. Upon a
Participant's termination of employment with the Company or an Affiliated
Company, the unvested portion of the Participant's Employer Match Account shall
be forfeited by the Participant.

     SECTION 8.4 - Adjustments. In accordance with the rules and procedures set
out in Sections 7.1 and 7.2 above, each Participant shall direct the Committee
as to how amounts in his or her Employer Match Account are deemed to be
invested. Each Participant's Employer Match Account shall be credited or debited
with the gains or losses of the deemed investments in such

                                       9
<PAGE>

Participant's Account from time to time, but not less frequently than as of the
last day of each calendar month. If any distribution is to be made to a
Participant, the amount of deemed investment earnings or losses in a
Participant's Account shall be determined as of the end of the last business day
prior to the date on which any such distribution commences.

                                     ITEM IX
                                     -------

                                    Reporting
                                    ---------

     By the end of the first quarter of each Plan Year, the Committee shall
provide every Participant with a statement reflecting the total value of his or
her Deferred Compensation Account and Employer Match Account as of the close of
the preceding Plan Year. Such statements will separately account for:

     (a)  the amount of the Participant's deferrals in the preceding Plan Year;

     (b)  the cumulative deferrals for all prior years;

     (c)  the Employer Match Amount credited to the Participant's Employer Match
          Account for the preceding Plan Year;

     (d)  the date or dates on which any Employer Match Amounts were credited to
          the Account in connection with Compensation deferred in the preceding
          Plan Year;

     (e)  the value of the Employer Match Account at the time of the credit; and

     (f)  the total Employer Match Amount credited to the Account.

     The Committee may, in its discretion, choose to provide reports more
frequently.

                                     ITEM X
                                     ------

                        Payment-of Deferred Compensation
                        --------------------------------

                           and Employer Match Accounts
                           ---------------------------

     SECTION 10.1 - Payment Elections. A Participant shall elect the period of
deferral and form of payment of his or her Deferred Compensation Account and
Employer Match Account at the time he or she first elects to defer Compensation
under the Plan. A Participant may change

                                       10
<PAGE>

such election at any time, but no later than twelve (12) months before the date
on which benefits would have otherwise become payable but for such change. One
election or change of election shall apply to both Accounts and, except as
otherwise provided in Section 15.5, a Participant's most recent election made at
least twelve (12) months before the date on which benefits are otherwise payable
under this Plan shall control until a new election is filed with the Committee
by the Participant and takes effect.

     SECTION 10.2 - Forms of Payment. All payments from the Deferred
Compensation Account and the Employer Match Account shall be made in cash. A
Participant may elect to have his or her benefits under this Plan paid in one of
the following forms of payment:

     (a)  a lump-sum;

     (b)  60 equal or substantially equal monthly installments; or

     (c)  120 equal or substantially equal monthly installments;

provided, however, that if the aggregate balance in the Participant's Account
under the Plan at the time payment is otherwise scheduled to begin under this
Section 10.2 is less than $50,000, the Participant's Accounts will be
distributed in a single lump-sum payment. With respect to timing, a Participant
may elect to have his or her benefits under this Plan paid either: (i) on the
first business day of the seventh month after the Participant's Termination of
Employment, or (ii) on the first day of the month following the month in which
the Participant attains the age specified on the applicable election form;
provided that in the case of a distribution under (ii) above, no payment shall
be made earlier than the first day of the seventh month following any election
to defer Compensation under this Plan, and provided, further, that no payment
shall be made to a Participant until he or she has attained at least age 50. In
no event shall any payment commence later than the later of (A) January 1
coinciding with or next following the Participant's 65th birthday, (B) the first
day of the seventh month following the date on which the Participant's
employment with the Company terminates, or (C) the first day of the seventh

                                       11
<PAGE>

month following the date on which the Participant's employment with an
Affiliated Company terminates. If a Participant is eligible for, and elects to
have his or her Accounts paid in the form of 60 or 120 equal or substantially
equal installments, the amount of each payment shall be determined by
multiplying the Account balance on the date for payment by a fraction, the
numerator of which is one (1) and the denominator of which is the number of
payments that remain to be paid (including the payment being calculated) under
the method selected. All elections regarding the form of payment shall be made
in writing in a form acceptable to the Committee and shall be effective when
timely filed with the Committee or its agent. If no election is timely filed in
connection with a Participant's Accounts, the Committee shall, in its sole
discretion, determine the form of payment that applies to such benefits.

     SECTION 10.3 - Hardship Withdrawals. Notwithstanding any other provision of
this Plan to the contrary, payments may be made to a Participant from his or her
Deferred Compensation Account and the vested portion of the Participant's
Employer Match Account in the event of a "hardship." For purposes of this Plan,
a "hardship" shall mean a severe financial hardship to the Participant resulting
from a sudden and unexpected illness or accident of the Participant or of a
dependent (as defined in Section 152(a) of the Internal Revenue Code) of the
Participant, loss of the Participant's property due to casualty, or other
similar extraordinary and unforeseeable circumstances arising as a result of
events beyond the control of the Participant. The circumstances that will
constitute a hardship will depend upon the facts of each case, but, in any case,
payment may not be made to the extent that such hardship is or may be relieved:

     (a)  through reimbursement or compensation by insurance or otherwise;

     (b)  by liquidation of the Participant's assets, to the extent the
          liquidation of such assets would not itself cause severe financial
          hardship, or

     (c)  by cessation of deferrals under the Plan.

                                       12
<PAGE>

Examples of what are not considered to be unforeseeable emergencies include the
need to send a Participant's child to college or the desire to purchase a home.

     SECTION 10.4 - Non-Hardship Withdrawals. Notwithstanding anything to the
contrary herein, a Participant may elect, at any time, to withdraw all of his or
her Deferred Compensation Account and the vested portion of the Participant's
Employer Match Account balances, calculated as of the day of election, less a
withdrawal penalty equal to 10% of such amount (the "Withdrawal Amount"). This
election (a "Non-Hardship Withdrawal Election") can be made at any time prior to
the payment in full of a Participant's Deferred Compensation Account and the
vested portion of the Participant's Employer Match Account whether or not the
Participant is in the process of being paid pursuant to an installment payment
schedule. A Participant may make a Non-Hardship Withdrawal Election at any time
by giving the Committee written notice in such form as the Committee may
prescribe. The Company shall pay the Withdrawal Amount to the Participant not
later than thirty (30) days after the date such Non-Hardship Withdrawal Election
is received by the Committee. Once the Withdrawal Amount is paid, the
Participant shall be precluded from deferring additional Compensation under this
Plan and from receiving an Employer Match Amount under this Plan during the
period of twelve (12) consecutive calendar months following the date of the
Participant's Non-Hardship Withdrawal Election.

     SECTION 10.5 - Section 162(m) Deferrals. Notwithstanding anything to the
contrary in this Plan whether express or implied, the Committee may, in its sole
discretion, defer payment of all or any portion of a Participant's Account
balance otherwise payable hereunder to any Participant who is considered a
"covered employee" to the extent any such payment would not be deductible by the
Company by reason of Section 162(m) of the Internal Revenue Code of 1986, as
amended (the "Code"), or any successor provision. For these purposes, the

                                       13
<PAGE>

term "covered employee" shall mean the Chief Executive Officer and the next four
highest paid officers of the Company as determined for purposes of Code Section
162(m) and the regulations thereunder. In the event of a deferral of payment by
reason of this Section 10.5, such deferred amounts (or the eligible portion
thereof) shall be paid to the Participant at the earliest date or dates such
amounts can be paid without creating or increasing a limitation on deductibility
of compensation under Code Section 162(m). Any amounts deferred under this
Section 10.5 shall remain in the Participant's Account and shall be subject to
all of the terms and condition of this Plan until paid to the Participant.

                                     ITEM XI
                                     -------

                     Acceleration of Payment by the Company
                     --------------------------------------

     The Company reserves the right to accelerate payments from the Deferred
Compensation Account and the Employer Match Account, notwithstanding any
election by a Participant regarding the form or timing of payment or any other
provision of this Plan to the contrary, if the aggregate balance in the
Participant's Account under the Plan, at the time distributions are otherwise
scheduled to commence, is less than $50,000; provided however that the Company
shall not have any right to accelerate payments under this Article XI once
payments to a participant have commenced under Article X hereof.

                                    ITEM XII
                                    --------

                              Death of Participant
                              --------------------

     SECTION 12.1 - Form of Payment to Beneficiary. In the event of the death of
the Participant with amounts credited to his or her Deferred Compensation
Account and Employer Match Account, notwithstanding the Participant's payout
election under Item X, such amounts shall be paid to a beneficiary designated by
the Participant in one of the following ways:

     (a)  in a single sum, payable on the first day of the first Plan Year
          following the Participant's death; or

                                       14
<PAGE>

     (b)  in two equal or substantially equal installments, the first
          installment being payable on the first day of the first Plan Year
          following the Participant's death and the second installment being
          payable twelve months later; or

     (c)  in equal or substantially equal annual installments over a five-year
          period, commencing on the first day of the first Plan Year following
          the Participant's death.

Participants may at any time designate the manner in which death benefits under
the Plan shall be paid by giving written instructions to the Committee. If no
such instructions are received, the death benefits shall be paid in the manner
described in clause (a) above.

     SECTION 12.2 - Designation of Beneficiary. A Participant's beneficiary
shall be designated by the Participant on a form provided to the Participant by
the Committee or its agent. A Participant shall have the right at any time to
change the beneficiary by filing the appropriate form with the Committee or its
agent. In the event there is no beneficiary designated or a designation is not
effective for any portion or all of the death benefits payable under the Plan,
that part of the death benefit shall be paid to the estate of the Participant.

                                    ITEM XIII
                                    ---------

                      Amendment and Termination of the Plan
                      -------------------------------------

     SECTION 13.1 - Procedure. The Board of Directors of the Company may, in its
discretion, determine that it is advisable to amend the Plan. In such case, the
Committee shall prepare amendments to the Plan for review and approval by the
Board of Directors of the Company or the Committee may amend the Plan subject to
ratification by the Board. The Board reserves the right to terminate or suspend
the Plan at any time by delivering written notice of such termination or
suspension to all Participants; provided, however that any such termination or
suspension may not, without the Participant's consent, adversely affect any
amounts previously credited to Participants' Accounts prior to the effective
date of such termination or suspension of the Plan, it being understood that
amounts previously credited to Participants'

                                       15
<PAGE>

Accounts will, notwithstanding a suspension or termination of this Plan,
continue to be paid in accordance with the terms of this Plan.

     SECTION 13.2 - Nonforfeiture. The amendment or termination of this Plan
under the preceding Section 13.1 notwithstanding, a Participant's right to
payment of his or her Deferred Compensation Account and Employer Match Account
shall be nonforfeitable, subject only to the vesting requirement of the Employer
Match Account.

                                    ITEM XIV
                                    --------

         Determination of Benefits, Claims Procedure, and Administration
         ---------------------------------------------------------------

     SECTION 14.1 - Claim. If any Participant or beneficiary of this Plan
believes that he or she is being denied a benefit to which he or she is entitled
under this Plan, he or she may file a written request for such benefit with the
Company, setting forth his or her claim. The request must be addressed to the
Secretary of the Company at the Company's then principal place of business.

     SECTION 14.2 - Claim Decision. Upon receipt of the claim, the Secretary
shall advise the Participant or beneficiary that a reply will be forthcoming
within 90 days, and the Secretary shall deliver a reply within that period. The
Secretary may, however, extend the reply period for an additional 90 days for
reasonable cause. If the claim is denied in whole or in part, the Secretary
shall adopt a written opinion setting forth:

     (a)  the specific reason or reasons for such denial;

     (b)  the specific reference to pertinent provisions of this Plan on which
          such denial is based;

     (c)  a description of any additional material or information necessary for
          the Participant or beneficiary to perfect his or her claim and an
          explanation of why such material or such information is necessary;

     (d)  appropriate information as to the steps to be taken if the Participant
          or beneficiary wishes to submit the claim for review; and

                                       16
<PAGE>

     (e)  the time limits for requesting a review under this subsection and for
          review under subsection 14.4 below.

     SECTION 14.3 - Request for Review. Within 60 days after the receipt by the
Participant or beneficiary of the written opinion described above, the
Participant or beneficiary may request in writing that the Committee review the
determination of the Secretary. Such request must be addressed to the Committee,
at the Company's principal place of business. The Participant or beneficiary or
his or her duly authorized representative may, but need not, review the
pertinent documents and submit issues and comments in writing for consideration
by the Company. If the Participant or beneficiary does not request a review of
the Secretary's determination by the Committee within the 60-day period
described in the first sentence of this Section, he or she shall be barred and
estopped from challenging the Secretary's determination.

     SECTION 14.4 - Review of Decision. Within 60 days after the Committee has
received a request for review, the Committee will review the Secretary's
determination. After considering all materials presented by the Participant or
beneficiary, the Committee will render an opinion, setting forth the specific
reasons for the decision and containing specific references to the pertinent
provisions of this Plan on which the decision is based. If special circumstances
require that the 60-day time period be extended, the Committee will so notify
the Participant or beneficiary and will render the decision as soon as possible,
but not later than 120 days after receipt of the request for a review.

                                     ITEM XV
                                     -------

                                  Miscellaneous
                                  -------------

     SECTION 15.1 - No Property Rights. The purpose of this Plan is merely to
describe an unsecured promise by the Company to make payments of Deferred
Compensation and Employer Match Amount described in this Plan and not to create
any trust for the benefit of a Participant or any other person. No asset of the
Company shall be considered security for the satisfaction of

                                       17
<PAGE>

the obligations of the Company under this Plan. The rights of Participants shall
be solely those of unsecured general creditors of the Company. It is the
intention of the parties that this Plan and any arrangements made by the Company
for purposes of meeting its obligations under this Plan be unfunded for tax
purposes and for purposes of Title I of ERISA.

     SECTION 15.2 - No Employment Rights. Nothing contained in this Plan shall
be deemed to confer on any Participant any right of continued employment with
the Company, and the Company or its successor shall continue to have the right
to terminate a Participant's employment at any time, subject only to the terms
of any applicable employment agreement.

     SECTION 15.3 - Withholding. The Company shall have the right to deduct from
any payment to be made pursuant to this Plan any Federal, state or local taxes
required by law to be withheld. In addition, to the extent the Company shall be
require to withhold any Federal, state or local taxes prior to the payment of
amounts under this Plan, the Company shall have the right to withhold such taxes
from the Participant's gross salary, or to otherwise require direct payment of
such withholding taxes by the Participant to the Company.

     SECTION 15.4 - Anti-alienation Provision. No right or benefit under this
Plan shall be subject to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance, charge, attachment, or garnishment by creditors of a
Participant or beneficiary; and any attempt to anticipate, alienate, sell,
transfer, assign, pledge, encumber, charge, attach, or garnish the same shall be
void. No right or benefit shall be used to satisfy, nor shall be subject to, the
debts, contracts, liabilities, or torts of the person entitled to such benefits.
If any Participant or beneficiary becomes bankrupt or attempts to anticipate,
alienate, sell, transfer, assign, pledge, encumber, charge, attach, or garnish
any Deferred Compensation or Employer Match Amounts under this Plan, then the
Participant's interest in such Deferred Compensation or Employer Match Amounts,
in the discretion of the Company, shall cease. In such case, the Company may

                                       18
<PAGE>

hold or apply the benefits at issue or any part thereof for the benefit of such
Participant or beneficiary in such manner as the Company may deem proper.

     SECTION 15.5 - Successors. In the event that the Company is sold,
exchanged, merged, consolidated, dissolved, terminated, or otherwise disposed
of, the Company agrees to request that this Plan be accepted and honored by the
successors to the Company's business, so that Participant Accounts remain fully
vested and payable by the successor, subject to Section 8.3 hereof, provided
that all amounts credited to a Participant's Accounts that have not previously
been paid to a Participant or his beneficiary shall, if the Company is not the
successor to any such transaction, be paid in a lump sum on the effective date
of such transaction, unless the Participant shall have filed a new deferral
election under Item X hereof with respect to all or a portion of the amounts
credited to his or her Accounts not later than 30 days prior to the effective
date of any such transaction. If the Participant files a new deferral election
as described in the preceding sentence, the portion of the Participant's Account
balances subject to such election shall be paid in accordance with such new
election, and shall be subject to all of the remaining terms and conditions of
this Plan.

     SECTION 15.6 - Entire Agreement. This Plan contains the entire
understanding between the Company and the Participants concerning Deferred
Compensation and Employer Match Amount rights and benefits. There are no
representations, agreements, arrangements, or understandings, oral or written,
between or among the parties relating to the subject matter of this Plan which
are not fully expressed herein. Nothing in this Plan shall affect any
Participant's rights as a participant in the 401(k) Plan.

     SECTION 15.7 - Governing Law. This Plan shall be governed by and construed
under the laws of the State of Ohio.

                                       19

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}]]