Document:

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                                                                    Exhibit 10.9

                      MASTERCARD INTERNATIONAL RABBI TRUST

This Agreement is made and entered into as of December 21, 1993 by and between
MasterCard International ("Company") and Wells Fargo Bank ("Trustee").

         WHEREAS, Company has adopted certain deferred compensation agreements
(the "Plan");

         WHEREAS, Company wishes to establish a trust (hereinafter called
"Trust") and to contribute to the Trust assets that shall be held therein,
subject to the claims of Company's creditors in the event of Company's
Insolvency, as herein defined, until paid to Plan participants and their
beneficiaries in such manner and at such times as specified in the Plan;

         WHEREAS, it is the intention of the parties that this Trust shall
constitute an unfunded arrangement and shall not affect the status of the Plan
as an unfunded plan maintained for the purpose of providing deferred
compensation for a select group of management or highly compensated employees
for purposes of Title I of the Employee Retirement Income Security Act of 1974;

         WHEREAS, it is the intention of Company to make contributions to the
Trust to provide itself with a source of funds to assist it in the meeting of
its liabilities under the Plan;

         NOW, THEREFORE, the parties do hereby establish the Trust and agree
that the Trust shall be comprised, held and disposed of as follows:

Section 1. Establishment of Trust.

         (a) Company hereby deposits with Trustee in trust $100, which shall
become the principal of the Trust to be held, administered and disposed of by
Trustee as provided in this Trust Agreement.

         (b) The Trust hereby established shall be irrevocable.

         (c) The Trust is intended to be a grantor trust, of which Company is
the grantor, within the meaning of subpart E, part I, subchapter J, chapter 1,
subtitle A of the Internal Revenue Code of 1986, as amended, and shall be
construed accordingly.

         (d) The principal of the Trust, and any earnings thereon shall be held
separate and apart from other funds of Company and shall be used exclusively for
the uses and purposes of Plan participants and general creditors as herein set
forth. Plan participants and their beneficiaries shall have no preferred claim
on, or any beneficial ownership interest in, any assets of the Trust. Any rights
created under the Plan and this Trust Agreement shall be mere unsecured
contractual rights of Plan participants and their beneficiaries against Company.
Any assets held by the Trust will be subject to the claims of Company's general
creditors under federal and state law in the event of Insolvency, as defined in
Section 3(a) herein.

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Section 2. Payments to Plan Participants and Their Beneficiaries.

         (a) Company shall deliver to Trustee a schedule (the "Payment
Schedule") that indicates the amounts payable in respect of each Plan
participant (and his or her beneficiaries), that provides a formula or other
instructions acceptable to Trustee for determining the amounts so payable, the
form in which such amount is to be paid (as provided for or available under the
Plan), and the time of commencement for payment of such amounts. Except as
otherwise provided herein, Trustee shall make payments to the Plan participants
and their beneficiaries into the terms of the Plan and shall pay amounts
withheld to the appropriate taxing authorities or determine that such amounts
have been reported, withheld and paid by Company.

         (b) The entitlement of a Plan participant or his or her beneficiaries
to benefits under the Plan shall be determined by Company or such party as it
shall designate under the Plan, and any claim for such benefits shall be
considered and reviewed under the procedures set out in the Plan.

         (c) Company may make payments of benefits directly to Plan participants
or their beneficiaries as they become due under the terms of the Plan. Company
shall notify Trustee of its decision to make payment of benefits directly prior
to the time amounts are payable to participants or their beneficiaries. In
addition, if the principal of the Trust, and any earnings thereon, are not
sufficient to make payments of benefits in accordance with the terms of the
Plan, Company shall make the balance of each such payment as it falls due.
Trustee shall notify Company where principal and earnings are not sufficient.

Section 3. Trustee Responsibility Regarding Payments to Trust Beneficiary When
           Company Is Insolvent.

         (a) Trustee shall cease payment of benefits to Plan participants and
their beneficiaries if the Company is Insolvent. Company shall be considered
"Insolvent" for purposes of this Trust Agreement if (i) Company is unable to pay
its debts as they become due, or (ii) Company is subject to a pending proceeding
as a debtor under the United States Bankruptcy Code.

         (b) At all times during the continuance of this Trust, as provided in
Section 1(d) hereof, the principal and income of the Trust shall be subject to
claims of general creditors of Company under federal and state laws as set forth
below.

                  (1) The Board of Directors and the Chief Executive Officer [or
         substitute the title of the highest ranking officer of the Company] of
         Company shall have the duty to inform Trustee in writing of Company's
         Insolvency. If a person claiming to be a creditor of Company alleges in
         writing to Trustee that Company has become Insolvent, Trustee shall
         determine whether Company is Insolvent and, pending such determination,
         Trustee shall discontinue payment of benefits of Plan participants or
         their beneficiaries.

                  (2) Unless Trustee has actual knowledge of Company's
         Insolvency, or has received notice from Company or a person claiming to
         be a creditor alleging that Company is Insolvent, Trustee shall have no
         duty to inquire whether Company is Insolvent. Trustee may in all events
         rely on such evidence concerning Company's solvency as may be furnished
         to Trustee and that provides Trustee with a reasonable basis for making
         a determination concerning Company's solvency.

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                  (3) If at any time Trustee has determined that Company is
         Insolvent, Trustee shall discontinue payments to Plan participants or
         their beneficiaries and shall hold the assets of the Trust for the
         benefit of Company's general creditors. Notwithstanding in this Trust
         Agreement shall in any way diminish any rights of Plan participants or
         their beneficiaries to pursue their rights as general creditors of
         Company with respect to benefits due under the Plan or otherwise.

                  (4) Trustee shall resume the payment of benefits to Plan
         participants or their beneficiaries in accordance with Section 2 of
         this Trust Agreement only after Trustee has determined that Company is
         not Insolvent (or is no longer Insolvent).

         (c) Provided that there are sufficient assets, if Trustee discontinues
the payment of benefits from the Trust pursuant to Section 3(b) hereof and
subsequently resumes such payments, the first payment following such
discontinuance shall include the aggregate amount of all payments due to Plan
participants or their beneficiaries under the terms of the Plan for the period
of such discontinuance, less the aggregate amount of any payments made to Plan
participants or their beneficiaries by Company in lieu of the payments provided
for hereunder during any such period of discontinuance.

Section 4. Payments to Company.

         Except as provided in Section 3 hereof, after the Trust has become
irrevocable, Company shall have no right or power to direct Trustee to return to
Company or to divert to others any of the Trust assets before all payment[s] of
benefits have been made to Plan participant and their beneficiaries pursuant to
the terms of the Plan.

Section 5. Investment Authority.

         (a) Except as provided below, the Company shall have all power over and
responsibility for the management, disposition, and investment of the Trust
assets, and the Trustee shall comply with proper written directions of the
Company concerning the Trust assets. The Company shall not issue directions in
violation of the terms of this Agreement. Except as provided in this Agreement,
the Trustee shall have no duty or responsibility to review, initiate action, or
make recommendations regarding the Trust assets and shall retain such assets
until directed in writing by the Company to dispose of them.

         (b) The Company may appoint an Investment Manager or Managers to
direct, control or manage the investment of all or a portion of the Trust
assets. The Company shall notify the Trustee in writing of the appointment of
each Investment Manager and the portion of the Trust assets subject to the
Investment Manager's direction. If the foregoing conditions are met, the
Investment Manager shall have the power to manage, acquire, retain, or dispose
of such portion of the Trust assets and the Trustee shall not be liable for the
acts or omissions of the Investment Manager or be under an obligation to invest
or otherwise manage the portion of the Trust assets which is subject to the
direction of such Investment Manager.

         (c) The Company may also delegate all of its investment authority to
the Trustee for all or part of the Trust. Upon written acceptance of that
delegation, the Trustee shall have full

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power and authority to invest and reinvest the portion of the Trust so
designated by the Company in investments of any kind.

Section 6. Disposition of Income

         (a) During the term of this Trust, all income received by the Trust,
net of expenses and taxes, shall be accumulated and reinvested.

Section 7. Accounting by Trustee.

         Trustee shall keep accurate and detailed records of all investments,
receipts, disbursements, and all other transactions required to be made,
including such specific records as shall be agreed upon in writing between
Company and Trustee. Within 60 days following the close of each calendar year
and within 60 days after the removal or resignation of Trustee, Trustee shall
deliver to Company a written account of its administration of the Trust during
such year or during the period from the close of the last preceding year to the
date of such removal or resignation, setting forth all investments, receipts,
disbursements and other transactions effected by it, including a description of
all securities and investments purchased and sold with the cost or net proceeds
of such purchases or sales (accrued interest paid or receivable being shown
separately), and showing all cash, securities and other property held in the
Trust at the end of such year or as of the date of such removal or resignation,
as the case may be.

Section 8. Responsibility of Trustee.

         (a) Trustee shall act with the care, skill, prudence and diligence
under the circumstances then prevailing that a prudent person acting in like
capacity and familiar with such matters would use in the conduct of an
enterprise of a like character and with like aims, provided, however, that
Trustee shall incur no liability to any person for any action taken pursuant to
a direction, request or approval given by Company which is contemplated by, and
in conformity with, the terms of the Plan or this Trust and is given in writing
by Company. In the event a dispute between Company and a party, Trustee may
apply to a court of competent jurisdiction to resolve the dispute.

         (b) If Trustee undertakes or defends any litigation arising in
connection with this Trust, Company agrees to indemnify Trustee against
Trustee's costs, expenses and liabilities (including without limitation,
attorneys' fees and expenses) relating thereto and to be primarily liable for
such payments. If Company does not pay such costs, expenses, and liabilities in
a reasonably timely manner, Trustee may obtain payment from the Trust.

         (c) Trustee may consult with legal counsel (who may also be counsel for
Company generally) with respect to any of its duties or obligations hereunder.

         (d) Trustee may hire agents, accountants, actuaries, investment
advisors, financial consultants or other professionals to assist it in
performing any of its duties or obligations hereunder.

         (e) Trustee shall have, without exclusion, all powers conferred on
trustees by applicable law, unless expressly provided otherwise herein,
provided, however, that if an insurance policy is

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held as an asset of the Trust, Trustee shall have no power to name a beneficiary
of the policy other than the Trust, to assign the policy (as distinct from
conversion of the policy to a different form) other than to a successor Trustee,
or to loan to any person the proceeds of any borrowing against such policy.

         (f) Notwithstanding any powers granted to Trustee pursuant to this
Trust Agreement or to applicable law, Trustee shall not have any power that
could give this Trust the objective of carrying on a business and dividing the
gains therefrom, within the meaning of section 301.7701-2 of the Procedure and
Administrative Regulations promulgated pursuant to the Internal Revenue Code.

Section 9. Compensation and Expenses of Trustee.

         Company shall pay all administrative and Trustee's fees and expenses as
per the agreed upon schedule. If not so paid, the fees and expenses shall be
paid from the Trust.

Section 10. Resignation and Removal of Trustee.

         (a) Trustee may resign at any time by written notice to Company, which
shall be effective 60 days after receipt of such notice unless Company and
Trustee agree otherwise.

         (b) Trustee may be removed by Company on 60 days notice or upon shorter
notice accepted by Trustee.

         (c) Upon resignation or removal of Trustee and appointment of a
successor Trustee, all assets shall subsequently be transferred to the successor
Trustee. The transfer shall be completed within 60 days after receipt of notice
of resignation, removal or transfer, unless Company extends the time limit.

         (d) If Trustee resigns or is removed, a successor shall be appointed,
in accordance with Section 11 hereof, by the effective date of resignation or
removal under paragraphs (a) or (b) of this section. If no such appointment has
been made, Trustee may apply to a court of competent jurisdiction for
appointment of a successor or for instructions. All expenses of Trustee in
connection with the proceeding shall be allowed as administrative expenses of
the Trust.

Section 11. Appointment of Successor.

         (a) If Trustee resigns or is removed in accordance with Section 10(a)
or (b) hereof, Company may appoint any third party, such as a bank trust
department or other party that may be granted corporate trustee powers under
state law, as a successor to replace Trustee upon resignation or removal. The
appointment shall be effective when accepted in writing by the new Trustee, who
shall have all of the rights and powers of the former Trustee, including
ownership rights in the Trust assets. The former Trustee shall execute any
instrument necessary or reasonably requested by Company or the successor Trustee
to evidence the transfer.

         (b) The successor Trustee need not examine the records and acts of any
prior Trustee and may retain or dispose of existing Trust assets, subject to
Sections 7 and 8 hereof. The successor Trustee shall not be responsible for and
Company shall indemnify and defend the successor

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Trustee from any claim or liability resulting from any action or inaction of any
prior Trustee or from any other past event, or any condition existing at the
time it becomes successor Trustee.

Section 12. Amendment or Termination.

         (a) This Trust Agreement may be amended by a written instrument
executed by Trustee and Company. Notwithstanding the foregoing, no such
amendment shall conflict with the terms of the Plan or shall make the Trust
revocable after it has become irrevocable in accordance with Section 1(b)
hereof.

         (b) The Trust shall not terminate until the date on which Plan
participants and their beneficiaries are no longer entitled to benefits pursuant
to the terms of the Plan. Upon termination of the Trust any assets remaining in
the Trust shall be returned to Company.

Section 13. Miscellaneous

         (a) Any provision of this Trust Agreement prohibited by law shall be
ineffective to the extent of any such prohibition, without invalidating the
remaining provisions hereof.

         (b) Benefits payable to Plan participants and their beneficiaries under
this Trust Agreement may not be anticipated, assigned (either at law or in
equity), alienated, pledged, encumbered or subjected to attachment, garnishment,
levy, execution or other legal or equitable process.

         (c) This Trust Agreement shall be governed by and construed in
accordance with the laws of California.

Section 14. Effective Date

         The effective date of this Trust Agreement shall be December 21, 1993.

Wells Fargo Bank, N.A.                   MasterCard International

By                                       By
   ----------------------------------       -----------------------------------

                                       6<PAGE>

                                                                   Exhibit 10.10

                      MASTERCARD INTERNATIONAL INCORPORATED

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                           Effective November 18, 1999
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                      MASTERCARD INTERNATIONAL INCORPORATED
                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

<TABLE>
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                                TABLE OF CONTENTS
                                                                                              Page
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<S>                                                                                           <C>
                                    ARTICLE I
                                   DEFINITIONS

1.1     Definitions.........................................................................     1

1.2     Rules of Construction...............................................................     5

                                   ARTICLE II
                          ELIGIBILITY AND PARTICIPATION

2.1     Eligibility.........................................................................     6

2.2     Notice..............................................................................     6

2.3     Participation.......................................................................     6

                                   ARTICLE III
                      RETIREMENT BENEFIT AND DEATH BENEFIT

3.1     Retirement Benefit Payable on or After Vesting Date.................................     7

3.2     Retirement Benefit Following Termination Due to a Change of Control.................     7

3.3     Death Benefit.......................................................................     8

                                   ARTICLE IV
                      FORM AND TIMING OF RETIREMENT BENEFIT

4.1     Form................................................................................     9

4.2     Timing..............................................................................     9

                                    ARTICLE V
                                     VESTING

5.1     Vesting.............................................................................    11

                                   ARTICLE VI
                                 ADMINISTRATION

6.1     Committee...........................................................................    12

6.2     Claims Procedures...................................................................    12

                                   ARTICLE VII
                                     FUNDING

7.1     General Rule........................................................................    13
</TABLE>

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<TABLE>
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<S>                                                                                           <C>

                                  ARTICLE VIII
                            AMENDMENT AND TERMINATION

8.1     General Rule........................................................................    14

                                   ARTICLE IX
                               GENERAL PROVISIONS

9.1     Payments to Minors and Incompetents.................................................    15

9.2     No Contract.........................................................................    15

9.3     Non-Alienation of Benefits..........................................................    15

9.4     Income Tax Withholding..............................................................    15

9.5     Governing Law.......................................................................    15

9.6     Captions............................................................................    15

9.7     Severability........................................................................    15

9.8     Notices.............................................................................    15
</TABLE>

Appendix A - Calculation of the Offset
Appendix B - Actuarial Assumptions and Factors
Appendix C - Hypothetical Prior Employer Benefit for Sample Participant

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                                    PREAMBLE

            Effective November 18, 1999, MasterCard International Incorporated
(the "Company") established a nonqualified defined benefit pension plan referred
to as the Supplemental Executive Retirement Plan (the "Plan" or "SERP") for the
benefit of key executives of the Company.

            The Plan is an unfunded nonqualified pension plan that is maintained
primarily for the purpose of providing retirement income for a select group of
highly compensated employees and is intended to qualify as a "top hat plan" for
purposes of ERISA.
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                                    ARTICLE I

                                   DEFINITIONS

            1.1   Definitions. The following words and phrases when used in the
Plan shall have the meanings indicated in this Article I. Capitalized terms that
are defined in MAP and not otherwise defined in this Article I have the meanings
assigned thereto in MAP. Similarly, capitalized terms that are defined in the
Annuity Bonus Program and not otherwise defined in this Article I have the
meanings assigned thereto in the Annuity Bonus Program, if so indicated in the
Plan.

            "Actuarial Equivalent" means a benefit of equal value, in accordance
with the actuarial assumptions and factors set forth in Appendix B.

            "Annuity Bonus Program" means the MasterCard International
Incorporated Annuity Bonus Program, effective February 1, 1995, as amended and
restated effective January 1, 2000, and as the same may be amended from time to
time.

            "Annuity Bonus-Related Benefit" means an aggregate amount equal to
the sum of the following amounts:

            (a)   the amount that is the difference between the (i) lump-sum
      value of a Participant's accrued benefit, as of December 31, 1999, under
      the Prior Plan Terms, without regard to the limits of Sections 401(a)(17)
      and 415 of the Code, as determined by the Company and (ii) such
      Participant's Initial Account Balance in MAP; and

            (b)   the amount that is the sum of each amount that shall be
      determined annually, beginning as of January 1, 2000, in accordance with
      the formula A-B, where "A" is the sum of (i) the vested Pay Credit that a
      Participant would have received for the calendar year, if the Limits (as
      defined under the Annuity Bonus Program) did not apply to the Participant
      for such year and (ii) the MAP Adjustment Bonus, if any (as defined under
      the Annuity Bonus Program), for such calendar year; and "B" is the Pay
      Credit actually credited to the Participant's MAP Account for such
      calendar year.

            The amounts determined in paragraphs (a) and (b) are each
accumulated with 8% interest to the Participant's Vesting Date.

            "Beneficiary" means the Participant's Spouse, other Beneficiary or
Contingent Annuitant who is eligible to receive payments upon the death of the
Participant.

            "Benefit Starting Date" means the date on which a Participant's
Retirement Benefit is payable or, in the case of a Ten-Year Certain Annuity, the
date on which payment of a Participant's Retirement Benefit first commences.

            "Board" means the Global Board of Directors of the Company.

            "Cause" means (a) the willful failure by the Participant to
substantially perform his duties as an Employee of the Company (other than due
to physical or mental illness) after
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reasonable notice to the Participant of such failure, (b) the Participant's
engaging in serious misconduct that is injurious to the Company including, but
not limited to, damage to its reputation or standing in its industry, (c) the
Participant's having been convicted of, or having entered a plea of nolo
contendere to a crime that constitutes a felony or (d) the material breach by
the Participant of any written covenant or agreement with the Company not to
disclose any information pertaining to the Company. The conduct described in the
immediately preceding sentence shall be considered Cause, notwithstanding that
the Company may not learn of such conduct until after the Participant incurs a
Termination from Service Date.

            "Change of Control" means:

            (a)   as long as the Company is a non-stock membership corporation,
      if (i) at any time three members have become entitled to cast at least 35
      percent of the votes eligible to be cast by all the members of the Company
      on any issue, (ii) at any time, a plan or agreement is approved by the
      members to sell, transfer, assign, lease or exchange substantially all of
      the Company's assets, or (iii) at any time, a plan is approved by the
      members of the sale or liquidation of the Company. The foregoing
      notwithstanding, a reorganization in which the members continue to have
      all of the ownership rights in the continuing entity shall not in and of
      itself be deemed a "Change of Control" under (ii) and/or (iii), and a
      reorganization to convert the Company from a membership to a stock company
      or a transaction resulting in the integration of Europay and MasterCard
      shall not in and of itself constitute a "Change of Control".

            (b)   if the Company becomes a stock corporation, the approval by
      the shareholders of the Company of (i) any consolidation or merger of the
      Company in which the Company is not the continuing or surviving
      corporation or pursuant to which shares of stock would be converted into
      cash, securities or other property, other than a merger in which the
      holders or stock immediately prior to the merger will have the same
      proportionate ownership interest (i.e., still own 100% of total) of common
      stock of the surviving corporation immediately after the merger, (ii) any
      sale, lease, exchange or other transfer (in one transaction or series of
      related transactions) of all or substantially all of the assets of the
      Company, or (iii) adoption of any plan or proposal for the liquidation or
      dissolution of the Company.

            (c)   any "person" (as defined in Section 13(d) of the Securities
      Exchange Act of 1934, as amended (the "Exchange Act")), other than the
      Company or a subsidiary or employee benefit plan or trust maintained by
      the Company or any of its subsidiaries, becoming (together with its
      "affiliates" and "associates", as defined in Rule 12b-2 under the Exchange
      Act) the "beneficial owner" (as defined in Rule 13d-3 under the Exchange
      Act), directly or indirectly, of more than 25% of the stock outstanding at
      the time, without the prior approval of the Board; or

            (d)   a majority of the voting directors proposed on a slate for

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      election by the members are rejected by a vote of such members.

            "Chief Executive Officer" means the Chief Executive Officer of the
Company.

            "Committee" means the committee of the Board designated by the Board
to administer the Plan. Unless the Board shall determine otherwise, the
Committee shall be Compensation Committee.

            "Company" means MasterCard International Incorporated, a Delaware
not-for-profit corporation, and any entity that succeeds to all or substantially
all of its business or assets.

            "Constructive Termination" means the termination by the Participant
of his employment with the Company due to one of the following conditions: (a) a
material reduction in the Participant's title or responsibilities, (b) the
relocation of the Participant's principal place of work as of the date of a
Change of Control to a location that is more than fifty (50) miles from such
place of work, (c) a reduction in the Participant's Base Pay or (d) a reduction
of ten percent (10%) or more in the target annual incentive bonus for which the
Participant is eligible; provided, however, that the Participant provides
written notice to the Company within sixty (60) days of the occurrence of such
event and the Company fails to cure such condition within sixty (60) days after
receipt of such written notice.

            "Deferral Request" has the meaning set forth in Section 4.2(c).

            "Election" has the meaning set forth in Section 4.1(b).

            "Eligible Employee" means an Employee of the Company who satisfies
the requirements of Section 2.1.

            "ERISA" means the Employee Retirement Income Security Act of 1974,
as amended, and the regulations thereunder.

            "Final 48-Month Average Base Pay" means an annual amount, determined
in accordance with the formula P/Y, where "P" is the sum of a Participant's Base
Pay earned during the forty-eight consecutive months immediately preceding the
month in which the Participant's Vesting Date occurs and "Y" is four. In
determining "P" for a Participant who has incurred a Disability, salary
continuation payments under the Company's long-term disability plan shall be
considered Base Pay. Notwithstanding anything in this definition to the
contrary, if a Retirement Benefit is payable prior to completion of forty eight
months as a Participant on account of (a) a Participant's Termination from
Service Date occurring prior to such Participant's Vesting Date pursuant to
Section 3.2(a), (b) the termination of the Plan pursuant to Section 8.1, or (c)
a Pre-Vesting Date Death Benefit pursuant to Section 3.3(c), "P" shall be an
amount equal to the sum of "X" and "Y" where:

            -     "X" is the Participant's actual aggregate Base Pay earned
                  through the applicable date set forth in (a), (b) or (c)
                  above; and

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            -     "Y" is the assumed aggregate Base Pay earned for the N future
                  months. For purposes of determining Y,

                  >     "N" is equal to the difference between forty-eight and
                        the number of months of earned Base Pay included in X;
                        and

                  >     the assumed aggregate Base Pay is the sum of the monthly
                        Base Pay that would be earned for N months, using the
                        rate of Base Pay in effect on the applicable date set
                        forth in (a), (b) or (c) above, which rate of Base Pay
                        is increased by 5% on each March 1 occurring between
                        such applicable date and the date on which the
                        Participant would have earned forty eight months of Base
                        Pay as a Participant.

            "MAP" means the MasterCard Accumulation Plan, effective as of
January 1, 2000, and as the same may be amended from time to time.

            "Notice" means the Notice of Participation that is sent to an
Eligible Employee pursuant to Section 2.2.

            "Offset" means an amount equal to the sum of the (a) Participant's
Account Balance under MAP, (b) Participant's Annuity Bonus-Related Benefit, (c)
lump-sum Actuarial Equivalent of the Participant's Social Security Primary
Insurance Amount and (d) Participant's Prior Employer Benefit. The Offset shall
be determined in accordance with Appendix A.

            "Participant" means an Eligible Employee who has received a Notice
pursuant to Article II.

            "Plan" or "SERP" means the MasterCard International Supplemental
Executive Retirement Plan.

            "Pre-Vesting Date Death Benefit" has the meaning set forth in
Section 3.3(c).

            "Prior Employer Benefit" means a hypothetical retirement benefit
designed to represent the lump-sum retirement benefit that a Participant would
have received from a prior employer, as set forth in Appendix A and Appendix C.

            "Retirement Benefit" has the meaning set forth in Section 3.1.

            "SERP Service" means an Employee's Service while a Participant,
commencing on such Employee's first day of participation in the Plan as set
forth in the Notice.

             "Social Security Primary Insurance Amount" means the annual primary
insurance amount that would be paid to a Participant under the Social Security
Act, based on such Participant's available compensation, at age sixty-two (62),
without regard to whether such amount is actually paid. If a Participant incurs
a Termination from Service Date either before or after attaining age sixty-two
(62), the Social Security Primary Insurance Amount shall be the Actuarial
Equivalent of such Participant's age sixty-two (62) Social Security Primary
Insurance

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Amount. In determining the Social Security Primary Insurance Amount for a
Participant, the Committee shall assume that the Participant's earnings for
purposes of Social Security were greater than the Social Security wage base for
all years through the earliest of the Participant's:

            (a)   Vesting Date;

            (b)   date of death;

            (c)   Termination from Service Date; provided, however, that such
      date is (x) prior to such Participant's Vesting Date, (y) due to a
      Termination Without Cause or a Constructive Termination and (z) within two
      (2) years following a Change of Control; and

            (d)   attainment of age sixty-two (62).

            "Ten-Year Certain Annuity" means a form of payment whereby the
benefit is paid in ten (10) equal annual installments commencing on the Benefit
Starting Date and continuing at each subsequent anniversary of the Benefit
Starting Date until ten payments have been paid.

            "Termination from Service Date" means the earlier of:

            (a)   the date on which an Employee quits, retires, is discharged or
      dies; and

            (b)   the first anniversary of the first date of absence for any
      other reason, such as leave of absence granted in accordance with Company
      policy.

            "Termination Without Cause" means the termination by the Company of
a Participant's employment with the Company for any reason other than death,
retirement, disability or Cause.

            "Vesting Date" means the date on which a Participant's Retirement
Benefit is vested pursuant to Article V.

            1.2   Rules of Construction. The masculine gender shall be construed
to include the feminine gender, and the singular form of a word shall be deemed
to include the plural form, unless the context requires otherwise. Unless
indicated otherwise, references herein to articles and sections are to articles
and sections of the Plan.

                                       5
<PAGE>
                                   ARTICLE II

                          ELIGIBILITY AND PARTICIPATION

            2.1   Eligibility. An Employee of the Company, other than the Chief
Executive Officer, shall become an Eligible Employee if (a) such Employee is a
participant in MAP and (b) the Chief Executive Officer, with the approval of the
Committee, selects and approves the Employee for participation in the Plan. The
Chief Executive Officer shall become an Eligible Employee upon the approval of
the Committee.

            2.2   Notice. An Eligible Employee's participation in the Plan shall
be evidenced by a Notice addressed to such Eligible Employee that shall comply
with, and be subject to, the provisions of the Plan.

            2.3   Participation.

            (a)   Commencement. An Eligible Employee shall become a Participant
as of the date specified in the Notice.

            (b)   Duration. Except as may otherwise be provided in the Notice,
an individual shall continue to be a Participant as long as such individual is
entitled to a Retirement Benefit under the Plan, notwithstanding that such
Participant may have incurred a Termination from Service Date.

            (c)   Cessation. Notwithstanding any provision in the Plan to the
contrary, an Employee, other than the Chief Executive Officer, shall cease to be
a Participant and shall forfeit all rights to any Retirement Benefit if the
Chief Executive Officer makes the decision to terminate the Participant's
employment, for any reason, with or without Cause. The Chief Executive Officer
shall cease to be a Participant and forfeit all rights to a Retirement Benefit
if the Board makes the decision to terminate such Participant's employment for
any reason, with or without Cause.

            (d)   Effect of Reemployment.

            (i)   A Participant who (x) incurs a Termination from Service Date
for any reason, except for the reason set forth in Section 2.3(c) and (y) is
subsequently reemployed prior to his Benefit Starting Date may become a
Participant, subject to the requirements of Sections 2.1 and 2.2. Such
Participant shall receive credit for his SERP Service prior to the Termination
from Service Date in accordance with MAP.

            (ii)  Notwithstanding anything in the Plan to the contrary, a
Participant who incurs a Termination from Service Date for any reason and is
subsequently reemployed by the Company after incurring a Benefit Starting Date
shall not become an Eligible Employee and shall not be permitted to recommence
participation in the Plan.

                                       6
<PAGE>
                                   ARTICLE III

                      RETIREMENT BENEFIT AND DEATH BENEFIT

            3.1   Retirement Benefit Payable on or After Vesting Date.

            (a)   Benefit Starting Date as of Vesting Date.

            (i)   The Retirement Benefit payable to a Participant (x) who is the
Chief Executive Officer and (y) whose Benefit Starting Date occurs on the
Vesting Date, is an amount equal to the lump sum Actuarial Equivalent of a life
annuity equal to 100% of the Chief Executive Officer's Final 48-Month Average
Base Pay, reduced by the amount of such Chief Executive Officer's Offset,
determined in accordance with Section A.1 of Appendix A.

            (ii)  The Retirement Benefit payable to a Participant, except the
Chief Executive Officer, whose Benefit Starting Date occurs on the Vesting Date,
is an amount equal to the lump sum Actuarial Equivalent of a life annuity equal
to 80% of the Participant's Final 48-Month Average Base Pay, reduced by the
amount of such Participant's Offset, determined in accordance with Section A.1
of Appendix A.

            (b)   Benefit Starting Date Following Vesting Date. The Retirement
Benefit payable to any Participant whose Benefit Starting Date follows such
Participant's Vesting Date is the Actuarial Equivalent of the Retirement Benefit
determined in accordance with Section 3.1(a).

            (c)   Disability. A Participant who incurs a Disability Retirement
Date in accordance with MAP shall be eligible to receive a Retirement Benefit in
accordance with Plan provisions; provided, however, that such date does not
precede the Vesting Date. A Participant who incurs a Disability Retirement Date
prior his Vesting Date shall not be eligible for a Retirement Benefit.

            3.2   Retirement Benefit Following Termination Due to a Change of
Control.

            (a)   General Rule. If, due to a Change of Control, a Participant
incurs a Termination Without Cause or Constructive Termination, such
Participant's Retirement Benefit shall be payable in accordance with Article IV,
without regard to the requirements of Article V. For purposes of the Plan, a
Termination Without Cause or Constructive Termination shall be deemed to be due
to a Change of Control if such termination occurs within two years after the
date on which a Change of Control occurs.

            (b)   Amount Generally. Except as provided in Section 3.2(c), the
Retirement Benefit payable to a Participant who incurs a Termination from
Service Date pursuant to Section 3.2(a) shall be determined in accordance with
Section 3.1; provided, however, that the Offset shall be determined in
accordance with Section A.3 of Appendix A.

            (c)   Amount Upon Deferral. Notwithstanding anything in Section
3.2(b) to the contrary, the Retirement Benefit of a Participant (x) who incurs a
Termination from Service Date pursuant to Section 3.2(a) and (y) whose Benefit
Starting Date is deferred pursuant to Section 4.2(c)(ii), shall be an amount
equal to the Actuarial Equivalent of the Retirement Benefit

                                       7
<PAGE>
determined in accordance with Section 3.2(b).

            3.3   Death Benefit.

            (a)   Following Vesting Date and Prior to Benefit Starting Date. In
the event of the death of a Participant who, as of the date of death, (i) meets
the vesting requirements of Article V and (ii) has not incurred a Benefit
Starting Date, the Retirement Benefit that would have been payable to such
Participant as of the date of death in accordance with Section 3.1 shall be
payable to such Participant's Beneficiary in the form of a lump sum. In the
event that a Participant's Beneficiary has predeceased him or the Participant
did not designate a Beneficiary, such Retirement Benefit shall be paid to the
Participant's estate in the form of a lump sum.

            (b)   Following Benefit Starting Date.

            (i)   In the event of the death of a Participant who (x) has
incurred a Benefit Starting Date, (y) elected a Retirement Benefit in the form
of a Ten-Year Certain Annuity, and (z) has not received ten (10) installment
payments of the Retirement Benefit as of the date of death, the remaining
installment payments that would have been payable to the Participant had the
Participant survived shall be payable to such Participant's Beneficiary. If a
Beneficiary who is receiving installment payments from a Ten-Year Certain
Annuity dies before all remaining installments are paid, the remaining
Retirement Benefit shall be paid to the Beneficiary's estate in the form of an
Actuarial Equivalent lump sum. In the event the Participant's Beneficiary
predeceases the Participant or the Participant did not designate a Beneficiary,
the remaining Retirement Benefit shall be paid to the Participant's estate in
the form of an Actuarial Equivalent lump sum.

            (ii)  In the event of the death of a Participant who has incurred a
Benefit Starting Date and has received payment of his entire Retirement Benefit,
no death benefit shall be payable from the Plan to such Participant's
Beneficiary or estate.

            (c)   Pre-Vesting Date Death Benefit.

            (i)   In the event of the death of a Participant prior to his
Vesting Date, a death benefit (the "Pre-Vesting Date Death Benefit") shall be
payable to the Beneficiary as a lump sum.

            (ii)  The Pre-Vesting Date Death Benefit shall be in an amount that:

            (x)   if the Participant is the Chief Executive Officer, is equal to
      75% of the Actuarial Equivalent of the Retirement Benefit calculated in
      accordance with Section 3.1(a)(i); provided, however, that the Offset
      shall be determined in accordance with Section A.2 of Appendix A; and

            (y)   if the Participant is not the Chief Executive Officer, is
      equal to 75% of the Actuarial Equivalent of the Retirement Benefit
      calculated in accordance with Section 3.1(a)(ii); provided, however, that
      the Offset shall be determined in accordance with Section A.2 of Appendix
      A.

                                       8
<PAGE>
                                   ARTICLE IV

                      FORM AND TIMING OF RETIREMENT BENEFIT

            4.1   Form.

            (a)   General Rule. The Retirement Benefit shall be paid as a single
lump-sum payment unless the Participant makes an Election pursuant to Section
4.1(b). Notwithstanding such Election or deferral pursuant to Section
4.2(c)(ii), the form of payment of (i) a Retirement Benefit payable due to a
Termination from Service Date due to a Change of Control, pursuant to Section
3.2 or (ii) a death benefit, pursuant to Section 3.3, shall be in the form of a
single lump-sum payment, except as provided in Section 3.3(b).

            (b)   Election. At any time following receipt of a Notice, a
Participant may make a written election (the "Election"), in accordance with
procedures established by the Committee, to receive his Retirement Benefit in
the form of an Actuarial Equivalent Ten-Year Certain Annuity. A Participant may,
at any time after making an Election, notify the Committee in writing, in
accordance with procedures established by the Committee, of (i) his revocation
of a prior Election and (ii) a subsequent Election. Notwithstanding anything in
this Section 4.1(b) or any other section of the Plan to the contrary, any
Election or any revocation of a prior Election that is received by the Committee
less than six months prior to the Participant's Termination from Service Date
shall not be given effect. The date on which a Participant makes such Election
or revocation thereof shall not affect the date on which his Retirement Benefit
becomes payable, pursuant to Section 4.2.

            4.2   Timing.

            (a)   General Rule. Subject to Article V, the Benefit Starting Date
with respect to the Retirement Benefit shall be the first day of the first
period with respect to which a Participant's benefit under MAP is paid,
regardless of the form of such MAP benefit. If, for administrative or other
reasons, payment of a Retirement Benefit is delayed beyond the Benefit Starting
Date, retroactive payments shall be made without interest.

            (b)   Death Benefit. A benefit paid under the Plan on account of the
death of a Participant shall be paid as soon as practicable following the
Participant's date of death, except as provided in Section 3.3(b).

            (c)   Change of Control.

            (i)   A Retirement Benefit paid to a Participant who incurs a
Termination from Service Date pursuant to Section 3.2 shall be paid as soon as
practical following such Termination from Service Date, subject to Section
4.2(c)(ii).

            (ii)  Notwithstanding anything in Section 4.2(c)(i) to the contrary,
on or prior to his Termination from Service Date pursuant to Section 3.2(a), a
Participant may irrevocably request that his Benefit Starting Date be deferred
to a specified future date (the "Deferral Request"); provided, however, that
such Deferral Request is approved by the Committee, in its sole discretion, and
provided, further, that the Participant provides written notification to the

                                       9
<PAGE>
Committee of his Deferral Request, including the desired future Benefit Starting
Date, in accordance with procedures established by the Committee.
Notwithstanding the foregoing, a Participant may, after receiving approval of
his Deferral Request, submit one or more subsequent Deferral Requests to the
Committee, in accordance with procedures established by the Committee; provided,
however, that (A) each such subsequent Deferral Request is received by the
Committee at least thirty days prior to the previously approved Benefit Starting
Date and (B) the Benefit Starting Date requested in each subsequent Deferral
Request is a least six months following the date on which such subsequent
request is received by the Committee. The Retirement Benefit shall be paid as
soon as practical following the Benefit Starting Date specified in the most
recent Deferral Request approved by the Committee.

                                       10
<PAGE>
                                    ARTICLE V

                                     VESTING

            5.1   Vesting. Subject to Sections 3.2 and 3.3, and except as
otherwise may be established by the Committee and set forth in the Notice, a
Participant shall be vested in his Retirement Benefit on the first of the month
coinciding with or next following his completion of four (4) years of SERP
Service while actively employed by the Company and attainment of age sixty (60).

                                       11
<PAGE>
                                   ARTICLE VI

                                 ADMINISTRATION

            6.1   Committee.

            (a)   Responsibilities. The Plan shall be administered by the
Committee, which shall be responsible for the interpretation of the Plan and
establishment of the rules and regulations governing the administration thereof.
The Committee shall have full discretion to interpret and administer the Plan.
The Committee's decision in any matter involving the interpretation and
application of this Plan shall be final and binding on all parties. Neither the
Committee nor any member thereof nor the Company shall be liable for any action
or determination made in good faith with respect to the Plan or the rights of
any person under the Plan.

            (b)   Authority of Members. The members of the Committee may
authorize one or more of their number to execute or deliver any instrument, make
any payment or perform any other act that the Plan authorizes or requires the
Committee to do, including, without limitation, the retention of counsel and
other agents as it may require in carrying out the provisions of the Plan.

            (c)   Authority to Delegate. Any responsibility or authority
assigned to the Committee under the Plan may be delegated to any other person or
persons, by name or in the case of a delegation to an employee of the Company by
title or position with the Company, consistent with the by-laws or other
procedures of the Committee; provided that such delegation is revocable by the
Committee at any time, in its discretion.

            (d)   Records and Expenses. The Committee or its designees shall
keep such records as may be necessary for the administration of the Plan and
shall furnish such periodic information to Participants as may be necessary or
desirable, in the sole discretion of the Committee. All expenses of
administering the Plan shall be paid by the Company and shall not affect a
Participant's right to, or the amount of, benefits.

            6.2   Claims Procedures. All claims for benefits under the Plan
shall be made in writing to the Committee or its designee. The Committee shall
provide adequate written notice to any individual whose claim for benefits under
the Plan has been denied, setting forth specific reasons for such denial,
written in a manner calculated to be understood by such individual, consistent
with the claims procedures established under MAP.

                                       12
<PAGE>
                                   ARTICLE VII

                                     FUNDING

            7.1   General Rule. The Plan is an unfunded arrangement and is
subject to the claims of the general creditors of the Company. No portion of any
funds set apart for a Participant or Beneficiary pursuant to this Article shall
be the property of such Participant or Beneficiary until distribution thereof
has been made to such individual. Further, the rights of a Participant or
Beneficiary shall be limited to those of a general, unsecured creditor of the
Company who has a claim equal to the value of the Participant's Retirement
Benefit. Retirement Benefits shall be payable from the general assets of the
Company, or from such other funding vehicle established for such purpose as
described above, or both. Except as may be otherwise determined by the Board in
its sole discretion pursuant to this Article VII, neither the Company, the
Committee nor any other person shall have any duty to set apart or invest any
funds for the purpose of providing benefits pursuant to the terms of the Plan.

                                       13
<PAGE>
                                  ARTICLE VIII

                            AMENDMENT AND TERMINATION

            8.1   General Rule. The Committee shall have the right to amend the
Plan for any reason, at any time and from time to time; provided, however, that
an amendment shall not cause a reduction in the Retirement Benefit that would
have been payable to a Participant prior to such amendment. The Committee may
terminate the Plan at any time and for any reason. Any such action by the
Committee shall be undertaken by a resolution duly adopted at a meeting of the
Committee, or by written consent of the Committee, in lieu of a meeting, as the
case may be. In the event of a termination of the Plan, each Participant shall
receive a Retirement Benefit, notwithstanding that the Participant may not
satisfy the requirements of Article V as of such date; provided, however, that
the determination date for purposes of the Offset shall be the date on which the
Plan is terminated.

                                       14
<PAGE>
                                   ARTICLE IX

                               GENERAL PROVISIONS

            9.1   Payments to Minors and Incompetents. If any Participant or
Beneficiary entitled to receive any benefits hereunder is a minor or is deemed
by the Committee or is adjudged to be legally incapable of giving valid receipt
and discharge for such benefits, they will be paid to such person or institution
as the Committee may designate or to a duly appointed guardian. Such payment
shall, to the extent made, be deemed a complete discharge of any such payment
under the Plan.

            9.2   No Contract. This Plan shall not be deemed a contract of
employment with any Participant, and no provision hereof shall affect the right
of the Company to terminate a Participant's employment.

            9.3   Non-Alienation of Benefits. No amount payable to, or held
under the Plan for the account of, any Participant or Beneficiary shall be
subject, in any manner, to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance or charge, and any attempt to so anticipate, alienate, sell,
transfer, assign, pledge, encumber or charge the same shall be void. No amount
payable to, or held under the Plan for the account of, any Participant shall be
subject to any legal process of levy or attachment.

            9.4   Income Tax Withholding. The Company may withhold from any
payments hereunder such amount as it may be required to withhold under
applicable federal, state or other law, and transmit such withheld amounts to
the appropriate taxing authority. In lieu thereof, the Company shall have the
right, to the extent permitted by law, to withhold the amount of such taxes from
any other sums due from the Company to the Participant upon such terms and
conditions as the Committee may prescribe.

            9.5   Governing Law. The provisions of the Plan shall be
interpreted, construed and administered under the laws of the State of New York
applicable to contracts entered into and performed in such state, without regard
to the choice of law provisions thereof and to the extent that ERISA and other
federal laws do not apply.

            9.6   Captions. The captions contained in the Plan are inserted only
as a matter of convenience and for reference and in no way define, limit,
enlarge or describe the scope or intent of the Plan or in any way affect the
construction of any provision of the Plan.

            9.7   Severability. If any provision of the Plan is held invalid or
unenforceable, its invalidity or unenforceability will not affect any other
provision of the Plan, and the Plan will be construed and enforced as if such
provision had not been included.

            9.8   Notices. Each Participant shall be responsible for furnishing
the Committee with the current and proper address for the mailing of notices and
delivery of agreements and payments. Any notice required or permitted to be
given shall be deemed given if directed to the person to whom addressed at such
address and mailed by regular United States first class mail, postage prepaid.
If any item mailed to such address is returned as undeliverable to the
addressee, mailing shall be suspended until the Participant furnishes the proper
address.

                                       15
<PAGE>
            IN WITNESS WHEREOF, the Company has caused this instrument to be
executed by its duly authorized officer as of the                 day of
              , 2000.

                                         MasterCard International Incorporated

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

Attest:

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

(Corporate Seal)
<PAGE>
                                   APPENDIX A
                            CALCULATION OF THE OFFSET

            A.1  As of the Vesting Date. The following provisions apply with
respect to calculation of the Offset as of a Participant's Vesting Date.

            A.1(a) Account Balance. The Account Balance under MAP is determined
as of the Participant's Vesting Date.

            A.1(b) Annuity Bonus-Related Benefit. The Annuity Bonus-Related
Benefit is an amount equal to the bonuses, accumulated with interest, as
recorded for each Participant, as of such Participant's Vesting Date.

            A.1(c) Social Security Primary Insurance Amount. The Actuarial
Equivalent of the Social Security Primary Insurance Amount is the lump-sum
Actuarial Equivalent of the Social Security Primary Insurance Amount, as defined
in Section 1.1 of the Plan, as of the Participant's Vesting Date.

            A.1(d) Prior Employer Benefit.

            (i)   The Prior Employer Benefit shall be equal to an amount
determined by the following allocation formula:

<TABLE>
<CAPTION>
                                     % OF PRIOR
            YEARS OF SERVICE          BASE PAY
            ----------------         ----------
<S>                                  <C>
                  1 - 2                   3.25
                  3 - 4                   4.00
                  5 - 9                   5.00
                 10 - 14                  6.00
                 15 - 19                  8.00
                 20 - 34                 11.00
</TABLE>

All amounts are assumed to be allocated to the Participant on December 31 of
each year and are credited with the Interest Crediting Rate, as defined in
Section A.1(d)(ii). A calculation of the hypothetical Prior Employer Benefit for
a sample Participant is set forth in Appendix C.

            (ii)  Definitions. For purposes of determining the Prior Employer
Benefit, the following definitions shall apply:

            "Interest Crediting Rate" means the rate at which a Participant's
      Prior Employer Benefit accumulates. For purposes of the Plan, an interest
      rate of 8.0% per year, up to the Participant's Vesting Date, shall be
      used.
<PAGE>
            "Prior Base Pay" means the assumed prior earnings of a Participant
      during his Years of Service. The Prior Base Pay for a calendar year is
      determined by taking an Eligible Employee's annual rate of Base Pay from
      the Company as of the date he became an employee of the Company and
      multiplying such annual rate by the factor [(1.10)(to the power of)(A-B)],
      where "A" is the prior calendar year for which Base Pay is being
      determined and "B is the date of participation in the Plan.

            "Years of Service" means each calendar year beginning with the
      calendar year in which the Participant attains age 25 through the calendar
      year preceding the Participant's Employment Commencement Date.

            A.2   Pre-Vesting Date Death Benefit. The Offset for purposes of
determining a Pre-Vesting Date Death Benefit shall be calculated in accordance
with Section A.1; provided, however, that the determination date shall be the
date of death of the Participant and not the Vesting Date.

            A.3   Termination Due to Change of Control. The Offset for purposes
of determining the Retirement Benefit a Participant who incurs a Termination
Without Cause or Constructive Termination due to a Change of Control pursuant to
Section 3.2 shall be calculated as follows:

            A.3(a) if such termination occurs on or after the Vesting Date, the
      Offset shall be calculated in accordance with Section A.1; and

            A.3(b) if such termination occurs prior to the Vesting Date, the
      Offset shall be calculated in accordance with Section A.1; provided,
      however, that the determination date shall be the Participant's
      Termination from Service Date and not the Vesting Date.

                                      A-2
<PAGE>
                                   APPENDIX B

                        ACTUARIAL ASSUMPTIONS AND FACTORS

            B.1.  The Actuarial Equivalent shall be determined by the following
assumptions:

            (a)   Mortality: the mortality table prescribed by the Commissioner
of the Internal Revenue Service for purposes of Revenue Ruling 95-6.

            (b)   Interest: the average annual interest rate on thirty-year
Treasury securities, rounded to the nearest one-hundredth of one percent, for
the month of August preceding the first day of the calendar year in which the
determination is made.
<PAGE>
                                   APPENDIX C

                       HYPOTHETICAL PRIOR EMPLOYER BENEFIT
                            FOR A SAMPLE PARTICIPANT

<TABLE>
<CAPTION>
                                         SAMPLE
Name                                   PARTICIPANT
<S>                                    <C>
Date of Birth                            1/1/45
Date of Hire                             7/1/98
Date of SERP Entry                       1/1/00
Base Pay at Hire                        $300,000
Date Vested in SERP                      1/1/05
Salary Regression                        10.00%
Interest on Account                       8.00%
</TABLE>

<TABLE>
<CAPTION>
                                                              Hypothetical Prior Employer Benefit
                                              -------------------------------------------------------------------
                       Assumed      Prior ER                 Beginning                    Interest
              Age     Prior Base    Service   Allocation      of Year      End of Year      on        End of Year
   Year     Attained     Pay         at EOY   Percentage      Balance       Allocation    Account      Balance
<S>         <C>       <C>           <C>       <C>            <C>           <C>            <C>         <C>
   1970        25       $ 20,805        1          3.25%      $      0        $    676    $      0       $    676
   1971        26       $ 22,885        2          3.25%      $    676        $    744    $     54       $  1,474
   1972        27       $ 25,173        3          4.00%      $  1,474        $  1,007    $    118       $  2,599
   1973        28       $ 27,690        4          4.00%      $  2,599        $  1,108    $    208       $  3,915
   1974        29       $ 30,459        5          5.00%      $  3,915        $  1,523    $    313       $  5,751
   1975        30       $ 33,505        6          5.00%      $  5,751        $  1,675    $    460       $  7,886
   1976        31       $ 36,855        7          5.00%      $  7,886        $  1,843    $    631       $ 10,360
   1977        32       $ 40,540        8          5.00%      $ 10,360        $  2,027    $    829       $ 13,216
   1978        33       $ 44,594        9          5.00%      $ 13,216        $  2,230    $  1,057       $ 16,503
   1979        34       $ 49,053       10          6.00%      $ 16,503        $  2,943    $  1,320       $ 20,766
   1980        35       $ 53,958       11          6.00%      $ 20,766        $  3,237    $  1,661       $ 25,664
   1981        36       $ 59,354       12          6.00%      $ 25,664        $  3,561    $  2,053       $ 31,278
   1982        37       $ 65,289       13          6.00%      $ 31,278        $  3,917    $  2,502       $ 37,697
   1983        38       $ 71,818       14          6.00%      $ 37,697        $  4,309    $  3,016       $ 45,022
   1984        39       $ 79,000       15          8.00%      $ 45,022        $  6,320    $  3,602       $ 54,944
   1985        40       $ 86,900       16          8.00%      $ 54,944        $  6,952    $  4,396       $ 66,292
   1986        41       $ 95,590       17          8.00%      $ 66,292        $  7,647    $  5,303       $ 79,242
   1987        42       $105,149       18          8.00%      $ 79,242        $  8,412    $  6,339       $ 93,993
   1988        43       $115,664       19          8.00%      $ 93,993        $  9,253    $  7,519       $110,765
   1989        44       $127,230       20         11.00%      $110,765        $ 13,995    $  8,861       $133,621
   1990        45       $139,953       21         11.00%      $133,621        $ 15,395    $ 10,690       $159,706
   1991        46       $153,948       22         11.00%      $159,706        $ 16,934    $ 12,776       $189,416
   1992        47       $169,343       23         11.00%      $189,416        $ 18,628    $ 15,153       $223,197
   1993        48       $186,277       24         11.00%      $223,197        $ 20,490    $ 17,856       $261,543
   1994        49       $204,905       25         11.00%      $261,543        $ 22,540    $ 20,923       $305,006
   1995        50       $225,395       26         11.00%      $305,006        $ 24,793    $ 24,400       $354,199
   1996        51       $247,934       27         11.00%      $354,199        $ 27,273    $ 28,336       $409,808
   1997        52       $272,727       28         11.00%      $409,808        $ 30,000    $ 32,785       $472,593
   1998        53       $300,000                   0.00%      $472,593        $      0    $ 37,807       $510,400
   1999        54       N/A                        0.00%      $510,400        $      0    $ 40,832       $551,232
   2000        55       N/A                        0.00%      $551,232        $      0    $ 44,099       $595,331
   2001        56       N/A                        0.00%      $595,331        $      0    $ 47,626       $642,957
   2002        57       N/A                        0.00%      $642,957        $      0    $ 51,437       $694,394
   2003        58       N/A                        0.00%      $694,394        $      0    $ 55,552       $749,946
   2004        59       N/A                        0.00%      $749,946        $      0    $ 59,996       $809,942
   2005        60       N/A                        0.00%      $809,942        $      0    $      0       $809,942
</TABLE>
BALANCE AT 01/01/2005 = $809,942

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}]]