Document:

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EXHIBIT 10.C1A

VIAD CORP

1997 OMNIBUS INCENTIVE PLAN

PERFORMANCE-BASED RESTRICTED STOCK AGREEMENT

As Amended February 19, 2004

     Shares of Performance-Based Restricted Stock are hereby awarded by Viad
Corp (Corporation), a Delaware corporation, effective January 1, 2004, to
     (Employee) in accordance with the following restrictions, terms and
conditions:

     1.     Share Award. The Corporation hereby awards the Employee      Shares
(Shares) of Common Stock, par value $1.50 per share (Common Stock) of the
Corporation pursuant to the Viad Corp 1997 Omnibus Incentive Plan (Plan), and
upon the terms and conditions, and subject to the restrictions therein and
hereinafter set forth.

     2.     Restrictions on Transfer and Restriction Period. During the period
commencing on the date hereof (Commencement Date) and terminating as set forth
below (Restriction Period), the Shares may not be sold, assigned, transferred,
pledged, or otherwise encumbered by the Employee, except as hereinafter
provided. The Restriction Period shall lapse as follows:

	 	a)	 	One third of Earned Shares, effective as of January 1 of the first
year following the year of grant, subject to final determination of
achievement of Management Incentive Plan (MIP) performance targets;
	 
	 	b)	 	One third of Earned Shares on January 1 of the second year following
the year of grant; and
	 
	 	c)	 	The remaining one third of Earned Shares on January 1 of the third
year following the year of grant.

Shares will be earned, subject to forfeiture pursuant to paragraph 3, based
upon the level of achievement of MIP performance targets in the year of grant
(Earned Shares). No Shares will be earned if overall corporate achievement of
MIP performance targets is below 90% of target, and 25% of Shares will be
earned if overall corporate achievement of MIP performance targets is at 90% of
target, with Shares above that level earned ratably at the same percentage as
MIP awards, up to but not exceeding 100% of target achievement.

Full ownership of Earned Shares will enure to the benefit of the Employee at
the expiration of the Restriction Period with respect thereto, subject to
forfeiture pursuant to paragraph 3. The Board of Directors (Board) shall have
the authority, in its discretion, to accelerate the time at which any or all of
the restrictions shall lapse with respect to any Earned Shares, prior to the
expiration of the Restriction Period with respect thereto, or to remove any or
all of such restrictions, whenever the Board may determine that such action is
appropriate by reason of change in applicable tax or other law, or any other
change in circumstances.

(PBRS)1

 

     3.     Forfeiture and Repayment Provisions.

          (a) Termination of Employment. Except as provided in this paragraph 3(a)
and in paragraph 8 below, if the Employee ceases to be an Employee of the
Corporation or any of its Affiliates (as defined in the Plan) for any reason,
all Shares or Earned Shares which at the time of such termination of employment
are subject to the restrictions imposed by paragraph 2 above shall upon such
termination of employment be forfeited and returned to the Corporation.

          Except as otherwise specifically determined by the Human Resources
Committee in its absolute discretion on a case by case basis, if the Employee
is terminated by the Corporation or any of its Affiliates for any reason,
(other than for Cause, as defined in the Plan, or for failure to meet
performance expectations, as determined by the Chief Executive Officer of the
Corporation), or if the Employee ceases to be an employee of the Corporation or
any of its Affiliates by reason of death or total or partial disability, full
ownership of the Earned Shares will occur, upon lapse of the applicable
Restriction Periods as set forth in paragraph 2.

          If the Employee ceases to be an employee of the Corporation or any of its
Affiliates by reason of normal or early retirement, full ownership of the
Earned Shares will occur upon lapse of the applicable Restriction Periods as
set forth in paragraph 2 and dividends will be paid through such period, in
each case on a pro rata basis, calculated based on the percentage of time
Employee was employed during the year in which the award was granted.

          (b) Non-Compete. Unless a Change of Control (as defined in the Plan)
shall have occurred after the date hereof:

               (i) In order to better protect the goodwill of the Corporation and its
Affiliates and to prevent the disclosure of the Corporation’s or its
Affiliates’ trade secrets and confidential information and thereby help insure
the long-term success of the business, Employee, without prior written consent
of the Corporation, will not engage in any activity or provide any services,
whether as a director, manager, supervisor, employee, adviser, agent,
consultant, owner of more than five (5) percent of any enterprise or otherwise,
for a period of two (2) years following the date of Employee’s termination of
employment with the Corporation or any of its Affiliates, in connection with
the manufacture, development, advertising, promotion, design, or sale of any
service or product which is the same as or similar to or competitive with any
services or products of the Corporation or its Affiliates (including both
existing services or products as well as services or products known to the
Employee, as a consequence of Employee’s employment with the Corporation or one
of its Affiliates, to be in development):

                     (1) with respect to which Employee’s work has been directly concerned at
any time during the two (2) years preceding termination of employment with the
Corporation or one of its Affiliates, or

                     (2) with respect to which during that period of time Employee, as a
consequence of Employee’s job performance and duties, acquired knowledge of
trade secrets or other confidential information of the Corporation or its
Affiliates.

          (ii) For purposes of the provisions of paragraph 3(b), it shall be
conclusively presumed that Employee has knowledge of information he or she was
directly exposed to through actual receipt or review of memos or documents
containing such information, or through actual attendance at meetings at which
such information was discussed or disclosed.

(PBRS)2

 

          (iii) All Shares subject to the restrictions imposed by paragraph 2 above
shall be forfeited and returned to the Corporation, if Employee engages in any
conduct agreed to be avoided pursuant to the provisions of paragraph 3(b) at
any time within two (2) years following the date of Employee’s termination of
employment with the Corporation or any of its Affiliates.

          (iv) If, at any time within two (2) years following the date of Employee’s
termination of employment with the Corporation or any of its Affiliates,
Employee engages in any conduct agreed to be avoided pursuant to the provisions
of paragraph 3(b), then all consideration (without regard to tax effects)
received directly or indirectly by Employee from the sale or other disposition
of all Earned Shares earned within two (2) years prior to termination of
employment shall be paid by Employee to the Corporation, or such Earned Shares
shall be returned to the Corporation. Employee consents to the deduction from
any amounts the Corporation or any of its Affiliates owes to Employee to the
extent of the amounts Employee owes the Corporation hereunder.

          (c) Misconduct. Unless a Change of Control shall have occurred after the
date hereof:

               (i) All consideration (without regard to tax effects) received directly or
indirectly by Employee from the sale or other disposition of the Earned Shares
shall be paid by Employee to the Corporation, or such Earned Shares shall be
returned to the Corporation, if the Corporation reasonably determines that
during Employee’s employment with the Corporation or any of its Affiliates:

                     (1) Employee knowingly participated in misconduct that causes a
misstatement of the financial statements of Viad or any of its Affiliates or
misconduct which represents a material violation of any code of ethics of the
Corporation applicable to Employee or of the Always Honest compliance program
or similar program of the Corporation; or

                     (2) Employee was aware of and failed to report, as required by any code of
ethics of the Corporation applicable to Employee or by the Always Honest
compliance program or similar program of the Corporation, misconduct that
causes a misstatement of the financial statements of Viad or any of its
Affiliates or misconduct which represents a material knowing violation of any
code of ethics of the Corporation applicable to Employee or of the Always
Honest compliance program or similar program of the Corporation.

               (ii) Employee consents to the deduction from any amounts the Corporation
or any of its Affiliates owes to Employee to the extent of the amounts Employee
owes the Corporation hereunder.

          (d) Acts Contrary to Corporation. Unless a Change of Control shall have
occurred after the date hereof, if the Corporation reasonably determines that
at any time within two (2) years after the lapse of the last Restriction Period
Employee has acted significantly contrary to the best interests of the
Corporation, including, but not limited to, any direct or indirect intentional
disparagement of the Corporation, then all consideration (without regard to tax
effects) received directly or indirectly by Employee from the sale or other
disposition of all Earned Shares earned during the two (2) year period prior to
the Corporation’s determination shall be paid by Employee to the Corporation,
or such Earned Shares shall be returned to the Corporation. Employee consents
to the deduction from any amounts the Corporation or any of its Affiliates owes
to Employee to the extent of the amounts Employee owes the Corporation
hereunder.

(PBRS)3

 

          (e) The Corporation’s reasonable determination required under Sections
3(c)(i) and 3(d) shall be made by the Human Resources Committee of the
Corporation’s Board of Directors, in the case of executive officers of the
Corporation, and by the Chief Executive Officer and Corporate Compliance
Officer of the Corporation, in the case of all other officers and employees.

     4.     Certificates for the Shares. The Corporation shall issue a
certificate in respect of the aggregate number of Shares in the name of the
Employee, which shall equal the amount of the award specified herein. The
Corporation shall hold all certificates on deposit for the account of the
Employee until expiration of the first restriction period set forth in
paragraph 2 above, as applicable, with respect to the Shares granted, at which
time new certificates shall be issued which shall be commensurate with the
installment periods set forth in paragraph 2 above. Each certificate for
restricted Shares shall bear the following legend:

	 
	The transferability of this certificate and the
	Shares of stock represented hereby are subject
	to the terms and conditions (including forfeiture)
	contained in the Viad Corp 1997 Omnibus Incentive
	Plan and an Agreement entered into between the registered
	owner and Viad Corp. Copies of such Plan and Agreement
	are on file with the Vice President-General Counsel of Viad
Corp,
	Viad Tower, Phoenix, Arizona 85077-1012.

     The Employee further agrees that simultaneously with his or her acceptance
of this Agreement, he or she shall from time to time execute a stock power
covering such award endorsed in blank and that he or she shall promptly deliver
such stock power to the Corporation.

     5.     Employee’s Rights. Except as otherwise provided herein, the Employee,
as owner of the Shares, shall have all rights of a shareholder, including, but
not limited to, the right to receive all dividends paid on the Shares and the
right to vote the Shares.

     6.     Expiration of Restriction Period. Upon the lapse or expiration of the
Restriction Period with respect to any Earned Shares, the Corporation shall
deliver or redeliver to the Employee the certificate in respect of such Shares
and the related stock power held by the Corporation pursuant to paragraph 4
above. The Earned Shares as to which the Restriction Period shall have lapsed
or expired and which are represented by such certificate shall be free of the
restrictions referred to in paragraph 2 above and such certificate shall not
bear thereafter the legend provided for in paragraph 4 above.

     To the extent permissible under applicable tax, securities, and other
laws, the Corporation may, in its sole discretion, permit Employee to satisfy a
tax withholding requirement by directing the Corporation to apply Shares to
which Employee is entitled as a result of termination of the Restricted Period
with respect to any Shares of Restricted Stock, in such manner as the
Corporation shall choose in its discretion to satisfy such requirement.

     7. Adjustments for Changes in Capitalization of Corporation. In the
event of a change in the Common Stock through stock dividends, stock splits,
recapitalization or other changes in the corporate structure of the Corporation
during the Restriction Period, the number of Shares of Common Stock subject to
restrictions as set forth herein shall be appropriately adjusted and the
determination of the Board of Directors of the Corporation as to any such
adjustments shall be final, conclusive and binding upon the Employee. Any
Shares of Common Stock or other securities received, as a result of the
foregoing, by the

(PBRS)4

 

Employee with respect to Shares subject to the restrictions contained in
paragraph 2 above also shall be subject to such restrictions and the
certificate(s) or other instruments representing or evidencing such Shares or
securities shall be legended and deposited with the Corporation, along with an
executed stock power, in the manner provided in paragraph 4 above.

     8.     Effect of Change in Control. In the event of a Change in Control (as
defined in the Plan), the restrictions applicable to any Shares awarded hereby
shall lapse, and such Shares shall be free of all restrictions and become fully
vested and transferable to the full extent of the original grant.

     9.     Plan and Plan Interpretations as Controlling. The Shares hereby
awarded and the terms and conditions herein set forth are subject in all
respects to the terms and conditions of the Plan, which are controlling. The
Plan provides that the Corporation’s Board of Directors may from time to time
make changes therein, interpret it and establish regulations for the
administration thereof. The Employee, by acceptance of this Agreement, agrees
to be bound by said Plan and such Board actions.

Shares may not be issued hereunder, or redelivered, whenever such issuance or
redelivery would be contrary to law or the regulations of any governmental
authority having jurisdiction.

IN WITNESS WHEREOF, the parties have caused this Performance-Based Restricted
Stock Agreement to be duly executed.

	 	 	 	 	 
	Dated: February 18, 2004	 	VIAD CORP
	 	 	 	 	 
	 	 	
By:
	 	

	 	 	 	 	ROBERT H. BOHANNON
	 	 	 	 	Chairman, President and
	 	 	 	 	Chief Executive Officer

ATTEST:

General Counsel or Assistant Secretary

This Performance-Based Restricted Stock Agreement shall be effective only upon
execution by Employee and delivery to and receipt by the Corporation.

	 	 	 
	 	 	
ACCEPTED:
	 	 	 
	 	 	

	 	 	
Employee

(PBRS)5exv10wm

 

EXHIBIT 10.M

DEFERRED
COMPENSATION PLAN

FOR DIRECTORS OF

VIAD CORP

AS AMENDED FEBRUARY 19, 2004

	1.	 	ESTABLISHMENT AND CONTINUATION OF PLAN.
	 
	 	 	There was heretofore established, in recognition of the valuable services
provided to Greyhound Dial Corporation by the individuals who serve as
members of its Board of Directors, an unfunded plan of voluntary deferred
compensation known as the “Directors Deferred Compensation Plan” (Plan).
The Dial Corp, a Delaware corporation and successor by operation of law
to Greyhound Dial Corporation, intends to distribute to its stockholders
(the Spin-Off) one share of common stock, $0.01 par value, of The Dial
Corporation, its wholly-owned subsidiary (Consumer Products) which will
own and operate its consumer products business (Consumer Products Common
Stock). Following the Spin-Off, The Dial Corp will change its name to
“Viad Corp”. All references herein to the “Corporation” mean The Dial
Corp, prior to the Spin-Off, and Viad Corp, following the Spin-Off. All
Directors of the Corporation, except Directors receiving a regular salary
as an employee of the Corporation or one of its subsidiaries, are
eligible to participate in this Plan. All Directors who become directors
of Consumer Products and cease to be directors of the Corporation in
connection with the Spin-Off will no longer be eligible to participate in
this Plan, and all obligations accrued prior to the date of the Spin-Off
under this Plan with respect to such individuals will be assumed by
Consumer Products. A Director may elect to defer under this Plan any
retainer or meeting attendance fee otherwise payable to him or her
(Compensation) by the Corporation or by domestic subsidiaries of this
Corporation (subsidiaries).
	 
	2.	 	EFFECTIVE DATE.
	 
	 	 	This Plan became effective on January 1, 1981.
	 
	3.	 	ELECTION TO PARTICIPATE IN THE PLAN.

		
	 	     A.   (i) A Director of this Corporation may elect to defer the
receipt of all or a specified part of the Compensation otherwise payable
to him or her during a calendar year by the Corporation or its
subsidiaries. Any person who shall become a Director during any calendar
year, and who was not a Director of the Corporation or its subsidiaries
on the preceding December 31, may elect before the Director’s term begins
to defer such Compensation. Such election shall also specify whether the
account shall be treated as a cash account under Section 4A or a stock
unit account under Section 4B; provided that an election to defer
Compensation into a stock unit account must be specifically approved by

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	 	the Board of Directors of the Corporation. If the account is to be
a cash account, the Compensation, if it is a meeting attendance fee,
shall be payable on the date of each applicable meeting, and, if it is a
retainer, shall be payable on the last trading day of each applicable
quarter. If the account is to be a stock unit account, the Compensation
shall be converted into stock units by dividing the closing price of the
Corporation’s Common Stock (as reported for the New York Stock
Exchange-Composite Transactions) on the day such Compensation is payable
into such Compensation, which, in the case of a meeting attendance fee or
a retainer, is the last trading day of each applicable quarter.

		
	 	            (ii) In connection with the Spin-Off, the Dial Director’s
Retirement Plan (the “Retirement Plan”) will be terminated. As of the
Distribution Date, the Corporation will credit, to an existing or
newly-established, stock unit account for each Director eligible to
participate in this Plan who is a participant under the Retirement Plan
(and who does not elect to continue to receive cash payments under the
Retirement Plan) a number of stock units equal to (A) the present value
of such Director’s vested accrued benefits under the Retirement Plan
divided by (B) the closing price of the Corporation’s Common Stock (as
reported for the New York Stock Exchange-Composite Transactions) as of
the first trading day following the Distribution Date. Such stock unit
account shall thereafter be maintained in accordance with this Plan.

		
	 	     B. Any election under this Plan, unless otherwise provided therein,
shall be made by delivering a signed request to the Secretary of the
Corporation on or before December 31 with respect to the following
calendar year, or, for a new Director, on or before his or her term
begins. An election shall continue from year to year, unless
specifically limited, until terminated by a signed request in the same
manner in which an election is made. However, any such termination shall
not become effective until the end of the calendar year in which notice
of termination is given.

		
	 	     C. Each Director may, by notice delivered to the Secretary of the
Corporation, convert: (i) the aggregate balance in his or her deferred
compensation account (either before or after payments from the account
may have commenced) from an account in the form of stock units to an
account in the form of cash in an amount equal to such stock units
balance multiplied by the closing price of the Common Stock of the
Corporation (as reported for the New York Stock Exchange-Composite
Transactions) on the last trading day of the quarter in which such notice
is given, said account to accrue interest as set forth in Section 4
below, or (ii) convert the aggregate balance in his or her deferred
compensation account (either before or after installment payments from
the account may have commenced) from an account in the form of cash to an
account in the form of stock units in an amount equal to cash balance
divided by the closing price of the Common Stock of the Corporation (as
reported for the New York Stock Exchange-Composite Transactions) on the
last trading day of the quarter in which such notice is given, said
account to accrue dividend

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	 	 	equivalents as set forth in Section 4 below; provided however, that
no such notice of conversion (“Conversion Notice”) (a) may be given
within six months following the date of an election by such Director,
with respect to any plan of the Corporation, that effected a
Discretionary Transaction (as defined in Rule 16b-3(f) under the
Securities Exchange Act of 1934) that was an acquisition (if the
Conversion Notice is pursuant to clause (i)) or a disposition (if the
Conversion Notice is pursuant to clause (ii)) or (b) may be given after
an individual ceases to be a Director.
	 
	4.	 	ACCRUAL OF INTEREST OR DIVIDEND EQUIVALENTS.

		
	 	     A. If a Director has elected to defer Compensation in the form of
cash, then interest on the unpaid balance of such Director’s deferred
compensation account, consisting of both accumulated Compensation and
interest, if any, will be credited on the last day of each quarter based
upon the yield on Merrill Lynch Taxable Bond Index-Long Term Medium
Quality (A3) Industrial Bonds in effect at the beginning of such quarter,
said interest to commence with the date such compensation was otherwise
payable. After payment of deferred Compensation commences, interest
shall accrue on the unpaid balance thereof in the same manner until all
such deferred Compensation has been paid.

		
	 	     B. If a Director has elected to defer Compensation in the form of
stock units, then, in the event of a dividend paid in cash, stock of the
Corporation (other than Common Stock) or property, additional credits
(dividend equivalents) shall be made to the Director’s stock unit account
consisting of a number of stock units equal to the amount of such
dividend per share (or the fair market value, on the date of payment, of
dividends paid in stock or property), multiplied by the aggregate number
of stock units credited to such Director’s deferred compensation account
on the record date for the payment of such dividend, divided by the last
closing price of the Corporation’s Common Stock (as reported for the New
York State Exchange-Composite transactions) prior to the date such
dividend is payable to stockholders. Furthermore, additional credits
(dividend equivalents) shall be made to the Director’s stock unit account
consisting of a number of stock units equal to the amount of such
dividend per share (or the fair market value, on the date of payment, of
dividends paid in stock or property), multiplied by the incremental
number of stock units credited to such Director’s deferred compensation
account, on the last business day prior to the date such dividend is
payable to stockholders, attributable to meeting attendance fee(s),
divided by the last closing price of the Corporation’s Common Stock (as
reported for the New York State Exchange-Composite transactions) prior to
the date such dividend is payable to stockholders. After payment of
deferred Compensation commences, dividend equivalents shall accrue on the
unpaid balance thereof in the same manner until all such deferred
Compensation has been paid.

		
	 	     C. In the event of a dividend of Common Stock declared and paid by
the Corporation, an additional credit shall be made to the Director’s
stock unit

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	 	 	account of a number of stock units equal to the number of shares of
the Corporation’s Common Stock which the Director would have received as
a stock dividend had he or she been the owner on the record date for the
payment of such stock dividend of the number of shares of Common Stock
equal to the number of units in such stock unit account on such date.
After payment of deferred Compensation commences, additional credits for
stock dividends shall accrue on the unpaid balance thereof in the same
manner until all such deferred Compensation has been paid.

		
	 	     D. (i) Notwithstanding and in lieu of the foregoing, in the case
of the dividend distribution by the Corporation of the Consumer Products
Common Stock in the Spin-Off, a new stock unit and cash account (the
Special Account) will be established for each Director (in addition to
any existing stock unit account) which will be credited with a number of
units representing Consumer Products Common Stock equal to the number of
stock units in such Director’s account immediately prior to the Spin-Off.
From and after the Spin-Off, the Corporation will credit the Special
Account with amount(s) denominated in cash, representing all dividends
paid by Consumer Products on the Consumer Products Common Stock, whether
paid in cash, Consumer Products Common Stock, other stock or property, in
an amount equal to the amount of such dividend per share of Consumer
Products Common Stock (or the fair market value on the date of payment of
dividends paid in stock or property) multiplied by the aggregate number
of stock units credited to such Director’s Special Account on the record
date for payment of such dividend. The amount credited as cash shall
thereafter accrue interest in accordance with Section 4A. A Director may
convert the stock unit portion of the Special Account into an account in
the form of cash by using the notice procedures in Section 3C without
regard to the six months restriction set forth in the proviso thereto (it
being understood that the closing price of the Consumer Products Common
Stock, instead of Corporation Common Stock, will be used for such
conversion). Section 3C may not, however, be used to convert a cash
account into additional units of Consumer Products Common Stock in the
Special Account.

		
	 	            (ii) Notwithstanding and in lieu of the foregoing, the value of
The Dial Corporation stock units held in a Director’s Special Account, if
applicable, will be converted to a cash account in connection with and at
the time of the acquisition of The Dial Corporation by Henkel KGaA. A
Director may convert the stock unit portion of the Special Account into
an account in the form of cash by using the notice procedures in Section
3C without regard to the six months restriction set forth in the proviso
thereto. If notice is given, the units would be valued based on the
closing price of common stock of The Dial Corporation on the last trading
day of the month in which such notice is given.

	5.	 	ACCOUNTING.
	 
	 	 	No fund or escrow deposit shall be established by any deferred
Compensation

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	 	 	payable pursuant to this Plan, and the obligation to pay deferred
Compensation hereunder shall be a general unsecured obligation of the
Corporation, payable out of its general account, and deferred
Compensation shall accrue to the general account of the Corporation.
However, the Controller of the Corporation shall maintain an account and
properly credit Compensation to each such account, and keep a record of
all sums which each participating Director has elected to have paid as
deferred Compensation and of interest or dividend equivalents accrued
thereon. Within sixty (60) days after the close of each calendar year
the Controller shall furnish each Director who has participated in the
Plan a statement of all sums and stock units, including interest and
dividend equivalents, which have accrued to the account of such Director
as of the end of such calendar year.
	 
	6.	 	PAYMENT FROM DIRECTORS’ ACCOUNTS.

		
	 	     A. After a Director ceases to be a director of the Corporation, the
aggregate amount of deferred compensation credited to a Director’s
account, either in the form of cash or stock units, together with
interest or dividend equivalents accrued thereon, shall be paid in a lump
sum or, if the Director elects, in substantially equal quarterly,
semi-annual, or annual installments over a period of years, not greater
than ten (10), specified by the Director. Such election must be made by
written notice delivered to the Secretary of the Corporation prior to
December 31 of the year preceding the year in which, and at least six
months prior to the date on which, the Director ceases to be a director.
The first installment (or the lump sum payment) shall be made promptly
following the date on which the Director ceases to be a Director of the
Corporation, and any subsequent installments shall be paid promptly at
the beginning of each succeeding specified period until the entire amount
credited to the Director’s account shall have been paid. To the extent
installment payments are elected, and the Director’s account consists of
cash as well as stock units, a pro rata portion of the cash, and the cash
equivalent of a pro rata portion of the stock units, shall be paid with
each installment. If the participating Director dies before receiving
the balance of his or her deferred compensation account, then payment
shall be made in a lump sum to any beneficiary or beneficiaries which may
be designated, as provided in paragraph B of this Section 6, or in the
absence of such designation, or, in the event that the beneficiary
designated by such Director shall have predeceased such Director, to such
Director’s estate.

		
	 	     B. Each Director who elects to participate in this Plan may file
with the Secretary of the Corporation a notice in writing designating one
or more beneficiaries to whom payment shall be made in the event of such
Director’s death prior to receiving payment of any or all of the deferred
Compensation hereunder.

		
	 	     C. If the Director has elected to defer Compensation in the form of
cash, the Corporation shall distribute a sum in cash to such Director,
pursuant to

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	 	his or her election provided for in paragraph A of this Section 6.
If the Director has elected to defer Compensation in the form of stock
units, the Corporation shall distribute to such Director, pursuant to his
or her election provided for in paragraph A of this Section 6, the cash
equivalent of the portion of the stock units being distributed in such
installment which will be calculated by multiplying (i) the average of
the month-end closing prices of the Corporation’s Common Stock (or
Consumer Products Common Stock, in the case of stock units in the Special
Account) for the last 12 months preceding the date of each distribution,
as reported for the New York Stock Exchange-Composite Transactions, by
(ii) the number of stock units being distributed in such installment.

	7.	 	CHANGE OF CONTROL OR CHANGE IN CAPITALIZATION.

		
	 	     A. If a tender offer or exchange offer for shares of Common Stock of
the Corporation (other than such an offer by the Corporation) is
commenced, or if the stockholders of the Corporation shall approve an
agreement providing either for a transaction in which the Corporation
will cease to be an independent publicly owned corporation or for a sale
or other disposition of all or substantially all the assets of the
Corporation (Change of Control), a lump sum cash payment shall be made to
each Director participating in the Plan of the aggregate current balance
of his or her deferred compensation account accrued to the Director’s
deferred compensation account on the date of the Change of Control,
notwithstanding any other provision herein. If the Director has elected
to defer Compensation in the form of stock units, the Corporation shall
distribute to such Director the sum in cash equal to the closing price of
the Corporation’s Common Stock on the day preceding the date of the
Change of Control (as reported for the New York Stock Exchange-Composite
Transactions) multiplied by the number of stock units in such account.
Any notice by a Director to change or terminate his or her election to
defer Compensation or before the date of the Change of Control shall be
effective as of the date of the Change of Control, notwithstanding any
other provision herein.

		
	 	     B. Any recapitalization, reclassification, split up, sale of assets,
combination or merger not otherwise provided for herein which affects the
outstanding shares of Common Stock of the Corporation (or the stock
subject to the Special Account) or any other relevant change in the
capitalization of the Corporation (or, in the case of the Special
Account, Consumer Products) shall be appropriately adjusted for by the
Board of Directors of this Corporation, and any such adjustments shall be
final, conclusive and binding.

8.        NONALIENATION OF BENEFITS.

	 	 	No right or benefit under this Plan shall be subject to anticipation,
alienation, sale, assignment, pledge, encumbrance or charge, and any
attempt to alienate, sell, assign, pledge, encumber or charge the same
shall be void. To the extent permitted by law, no right or benefit
hereunder shall in any manner be attachable

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	 	 	for or otherwise available to satisfy the debts, contracts, liabilities
or torts of the person entitled to such right or benefit.
	 
	9.	 	APPLICABLE LAW.
	 
	 	 	The Plan will be construed and enforced according to the laws of the
State of Delaware; provided that the obligations of the Corporation shall
be subject to any applicable law relating to the property interests of
the survivors of a deceased person and to any limitations on the power of
the person to dispose of his or her interest in the deferred
Compensation.
	 
	10.	 	AMENDMENT OR TERMINATION OF PLAN.
	 
	 	 	The Board of Directors of the Corporation may amend or terminate this
Plan at any time, provided, however, any amendment or termination of this
Plan shall not affect the rights of participating Directors or
beneficiaries to payments, in accordance with Section 6 or 7, of amounts
accrued to the credit of such Directors or beneficiaries at the time of
such amendment or termination.
	 
	11.	 	EFFECT OF SPIN-OFF.
	 
	 	 	Notwithstanding any other provision of the Plan, if at any time after
August 20, 2003, the Corporation effects a spin-off or other distribution
to its shareholders (a “Future Spin-off”) of any of its subsidiaries
(such subsidiary, “Spinco”), the Future Spin-off shall not be considered
to result in any Director’s ceasing to be a director of the Corporation
if that Director is a non-employee director of Spinco immediately
following the Future Spin-off. Furthermore, with respect to each such
Director who is a non-employee director of Spinco immediately following
the Future Spin-off, a participant shall not be considered, for purposes
of the Plan, to have ceased to be a Director unless he or she is neither
a Director of Spinco nor a Director of the Corporation; provided, that
any such Director who does not continue as a Director of the Corporation
shall not be eligible to continue to defer compensation under the Plan
(although he or she may be permitted to do so under a successor or
similar plan of Spinco).

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