Document:

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                                                                   EXHIBIT 10.21

                                PROMISSORY NOTE

$100,000.00                                                     Itasca, Illinois
                                                                February 1, 1999

James J. Braniff III (the "Maker"), for value received, hereby promises to pay
to Arthur J. Gallagher & Co. (the "Company"), or order, on demand, the principal
sum of One Hundred Thousand and 00/100 Dollars ($100,000.00), without interest.

All payments shall be made at Two Pierce Place, Itasca, Illinois 60143, or at
such other address as the holder hereof may from time to time specify in
writing.

At its sole option, the Company may offset pro tanto any amount of any accrued
and unpaid salary or bonus(es) payable to the Maker by the Company after demand
for payment of the unpaid principal hereunder has been made upon the Maker by
the holder hereof.

If default be made in the payment of principal as herein specified, the Maker
agrees to pay all costs of collection, including a reasonable attorney's fee,
whether suit be brought or not.

Presentment for payment, demand or notice of dishonor, protest and notice of
protest are hereby waived by the Maker and all endorsers hereof.

IN WITNESS WHEREOF, the Maker has set his hand hereunto as of the date above
first written.

                                         /s/ James J. Braniff III
                                       --------------------------------
                                             James J. Braniff III<PAGE>

                                                                    EXHIBIT 10.2

                               AMENDMENT TO THE
                             ALLTRISTA CORPORATION
                   ECONOMIC VALUE ADDED AND GROWTH INCENTIVE
                COMPENSATION PLAN FOR KEY MEMBERS OF MANAGEMENT

         This Amendment is made to the Alltrista Corporation Economic
Value Added and Growth Incentive Compensation Plan for Key Members of
Management, which was effective January 1, 1999 (the "Plan). This Amendment
shall be effective as of October 19, 2000. Capitalized terms used but not
defined Herein shall have the meanings ascribed to them in the Plan.

     The Plan is amended as follows:

1.   Section 2 of the Plan is amended by adding the following definition as
     Subsection 2.8 and renumbering the following Subsections of Section 2
     accordingly:

     "2.8   Change in Control - "Change in Control" shall have the meaning
            -----------------
            ascribed to such term in the Company's 1998 Long-term Equity
            Incentive Plan."

2.   Section 5 of the Plan is amended by adding new Subsection 5.10 to read as
     follows:

     "5.10. Effect of a Change in Control
            -----------------------------

     Notwithstanding the preceding provisions of this Section 5, in the event of
     a Change of Control, a pro rata cash payment, in cancellation of the
     outstanding Award in respect of the Year in which the Change in Control
     occurs, shall be made to each Participant within thirty (30) business days
     following the Change of Control. The pro rata payment to such Participant
     with respect to such Year shall be calculated by multiplying (X) and (Y),
     where (X) equals the amount to which the Participant would have been
     entitled to receive had the Year been completed, assuming for this purpose
     that the Performance factor applicable to the Participant was achieved at a
     level of performance based on actual financial results through the date of
     the Change of Control, and (Y) equals a fraction the numerator of which is
     the number of full and partial months in such Year that have elapsed as of
     the date of the Change in Control and the denominator of which is 12."

3.   Except as herein modified, the Plan shall remain in full force and effect.<PAGE>

                                                                    Exhibit 10.8

                         LIST OF ALLTRISTA CORPORATION
                          OFFICERS WHO HAVE EXECUTED
                         CHANGE OF CONTROL AGREEMENTS

Elected Corporate Officers
--------------------------
Thomas B. Clark             Chairman, President and Chief Executive Officer
Jerry T. McDowell           Group Vice President, Metal Products
Kevin D. Bower              Senior Vice President and Chief Financial Officer
Garnet E. King              Corporate Secretary and Director, Executive Services
Angela K. Knowlton          Vice President, Finance and Treasurer
J. David Tolbert            Vice President, Human Resources and Administration

Appointed Officers
------------------
Albert H. Giles             President - Zinc Products Company
Charles W. Orth             President - Unimark Plastics Company
John A. Metz                President - Consumer Products Company
A. Bruce Buchholz           President - Thermoformed Products Division<PAGE>

                                                                   Exhibit 10.13

                             ALLTRISTA CORPORATION
                        1993 DEFERRED COMPENSATION PLAN
                           FOR SELECTED KEY EMPLOYEES
<PAGE>

                             ALLTRISTA CORPORATION
                        1993 DEFERRED COMPENSATION PLAN
                           FOR SELECTED KEY EMPLOYEES
                         (Amended on February 1, 2001)

1.   Statement of Purpose

     The purpose of the 1993 Deferred Compensation Plan for Selected Key
     Employees (the "Plan") is to aid Alltrista Corporation (the "Company") and
     its subsidiaries in retaining key employees by providing a vehicle for
     continuation of the 1986 and 1988 Ball Corporation Deferred Compensation
     Plans which are nonqualified deferred compensation plans of the predecessor
     company.

2.   Definitions

     2.1.  Beneficiary - "Beneficiary" means the person or persons designated as
           -----------
           such in accordance with Section 8.

     2.2.  Class Year - "Class Year" means the year in respect of which
           ----------
           compensation is deferred under the Plan.

     2.3.  Compensation - "Compensation" means the Participant's compensation
           ------------
           for the Class Year.

     2.4.  Committee - "Committee" (also referred to as the "Executive
           ---------
           Compensation Committee") means the committee appointed by the Board
           of Directors who will administer the Plan.

     2.5.  Deferral Amount - "Deferral Amount" means the amount of Elective
           ---------------
           Deferred Compensation deferred by the Participant for each Class
           Year.

     2.6.  Deferred Compensation Account - "Deferred Compensation Account" means
           -----------------------------
           the account for each Class Year maintained by the Company for each
           Participant pursuant to Section 6 that has been established pursuant
           to the Transfer and Consent Form

     2.7.  Disability - "Disability" means the Participant is receiving benefits
           ----------
           under the long term disability benefit plan sponsored by the Employer
           or one of its subsidiaries.

     2.8.  Distribution Date - "Distribution Date" means the date on which the
           -----------------
           Employer makes distributions from the Participant's Deferred
           Compensation Account.

     2.9.  Effective Date - "Effective Date" means January 1, 1993, the date on
           --------------
           which the Plan commences.

     2.10. Election Form - "Election Form" means the form attached to this Plan
           -------------
           and filed with the Executive Compensation Committee of Ball
           Corporation by the Participant pursuant to participation in the 1986
           or 1988 Ball Corporation Deferred

                                       1
<PAGE>

           Compensation Plans.  The terms and conditions specified in the
           Election Form(s) are incorporated by reference herein and form a part
           of the Plan.

     2.11. Elective Deferred Compensation - "Elective Deferred Compensation"
           ------------------------------
           means the amount elected to be deferred by an Eligible Employee in
           his Election Form.

     2.12. Eligible Employee - "Eligible Employee" means those selected key
           -----------------
           employees of the Company who were participants in the 1986 and 1988
           Ball Corporation Deferred Compensation Plans and who have been chosen
           by the Executive Compensation Committee and offered participation in
           the Plan.

     2.13. Employer - "Employer" means Alltrista Corporation and any of its
           --------
           fifty percent (50%) or more owned subsidiaries.

     2.14. Executive Compensation Committee - "Executive Compensation
           --------------------------------
           Committee" (also referred to as the "Committee") means the committee
           appointed by the Board of Directors who will administer the Plan.

     2.15. Moody's - "Moody's" means the annual average composite yield on
           -------
           Moody's Seasoned Corporate Bond Yield Index for the twelve (12)
           months ending October 31 immediately preceding the Valuation Date, as
           determined from Moody's Bond Record published by Moody's Investors
           Service, Inc. (or any successors thereto), or, if such yield is no
           longer published, a substantially similar average selected by the
           Company.

     2.16. Participant - "Participant" means an Eligible Employee participating
           -----------
           in the Plan in accordance with the provisions of Section 4.

     2.17. Substantially Equal Installments - "Substantially Equal
           --------------------------------
           Installments" means a series of annual payments, such that equal
           payments over the remaining payment period would exactly amortize the
           Deferred Compensation Account balance as of the Distribution Date if
           the credited interest rate remained constant at the level credited as
           of the Valuation Date immediately preceding the Distribution Date for
           the remainder of the payment period.

     2.18. Termination of Employment - "Termination of Employment" means the
           -------------------------
           termination of a Participant's employment with the Employer for any
           reason other than Disability.

     2.19. Transfer and Consent Form - "Transfer and Consent Form" means the
           -------------------------
           Transfer and Consent Form attached to this Plan and filed with the
           Executive Compensation Committee of Alltrista Corporation.  The terms
           and conditions specified in the Transfer and Consent Form are
           incorporated by reference herein and form a part of the Plan.

     2.20. Valuation Date - "Valuation Date" means the date on which the value
           --------------
           of a Participant's Deferred Compensation Account for each Class Year
           is determined as provided in Section 6 hereof.  Unless and until
           changed by the Committee, the Valuation Date shall be the last day of
           each calendar year.

                                       2
<PAGE>

3.   Administration of the Plan

     The Executive Compensation Committee, by appointment of the Board of
     Directors of the Company, shall be the sole administrator of the Plan.  The
     Committee shall have full power to formulate additional details and
     regulations for carrying out this Plan.  The Committee shall also be
     empowered to make any and all of the determinations not herein specifically
     authorized which may be necessary or desirable for the effective
     administration of the Plan.  Any decision or interpretation of any
     provision of this Plan adopted by the Committee shall be final and
     conclusive.

4.   Participation

     Participation in the Plan shall be limited to selected key Eligible
     Employees who participated in the 1986 or 1988 Ball Corporation Deferred
     Compensation Plans.  Such selected key Eligible Employee upon selection by
     the Committee may consent to transfer 100 percent of each of his Deferred
     Compensation Accounts, effective December 31, 1992, or if later, the
     December 31 of the calendar year preceding the year in which he becomes a
     selected key Eligible Employee, to this Plan with respect to the dollar
     value of all his Deferred Compensation Accounts in the 1986 and 1988 Ball
     Corporation Deferred Compensation Plans.

5.   Vesting of Deferred Compensation Account

     A Participant's interest in his Deferred Compensation Account and interest
     credited thereto shall vest immediately.

6.   Accounts and Valuations

     6.1.  Deferred Compensation Accounts.  The Committee shall establish and
           ------------------------------
           maintain a separate Deferred Compensation Account for each
           Participant for each Class Year in the Ball Corporation 1986 and/or
           1988 Plans. Elective Deferred Compensation shall be deemed credited
           to the Deferred Compensation Account of this Plan as of the close of
           business on December 31, 1992, or if later, the December 31 of the
           calendar year preceding the year in which the Participant becomes a
           selected key Eligible Employee, and no interest shall be earned for
           that calendar year.

     6.2.  Interest Credited.  Each Deferred Compensation Account of each
           -----------------
           Participant shall be credited with interest on each Valuation Date,
           as provided hereinafter, at an annual rate equal to Moody's plus five
           (5) percentage points, except as may otherwise be provided under
           Section 7.5., for calendar years 1993 and beyond.

     6.3.  Timing of Crediting of Interest.  Each Deferred Compensation Account
           -------------------------------
           of each Participant shall be revalued as of each Valuation Date. As
           of each Valuation Date, the value of each Deferred Compensation
           Account shall consist of the balance of such Deferred Compensation
           Account as of the immediately preceding Valuation Date minus the
           amount of all distributions, if any, made from such Deferred
           Compensation Account since the preceding Valuation Date, plus
           interest credited on the net balance after deducting said
           distributions. Normal benefit distributions

                                       3
<PAGE>

           (under Section 7.1) made on or before February 15 of the year of
           payment will be considered to have been made from the account and
           deducted from the account balance as of January 1 of such year for
           the purpose of crediting interest under this Section 6.3. Interest on
           Hardship Benefits distributed will be prorated to the date of
           distribution for the purpose of crediting interest under this Section
           6.3.

7.   Benefits

     7.1.  Normal Benefit
           --------------

           a.  A Participant's Deferred Compensation Account shall be paid to
               the Participant as requested in his Election Form, subject to the
               terms and conditions set forth in the Plan, including the
               Election Form. If a Participant elects to receive payment of his
               Deferred Compensation Account in installments, payments shall be
               made in Substantially Equal Installments. Unless the Executive
               Compensation Committee determines otherwise, and subject to the
               provisions of Section 7.4. as to when payments shall commence,
               distribution payments, whether lump sum or installment, shall be
               made on or before the fifteenth (15th) day of February of each
               year. A Participant may elect different payment schedules for
               different Class Year Deferred Compensation Accounts.

           b.  If a Participant dies before receiving his total Deferred
               Compensation Account balances, whether or not distributions have
               earlier commenced, his Beneficiary shall be entitled to the
               remaining account balances in accordance with the payment
               elections in the Election Form, except that such payments, if not
               already commenced, shall commence on or before February 15 next
               following the date of the Participant's death.

     7.2.  Hardship Benefit.  In the event that the Executive Compensation
           ----------------
           Committee, upon written request of a Participant or Beneficiary of a
           deceased Participant, determines in its sole discretion, that such
           person has suffered an unforeseeable financial emergency, the Company
           shall pay to such person, from the Deferred Compensation Account
           designated by the Participant or Beneficiary, as soon as practicable
           following such determination, an amount necessary to meet the
           emergency, not in excess of the amount of the Deferred Compensation
           Account. The Deferred Compensation Account of the Participant shall
           thereafter be reduced to reflect the payment as of the date paid of a
           Hardship Benefit.

     7.3.  Request to Committee for Delay in Payment.  A Participant shall have
           ------------------------------------------
           no right to modify in any way the schedule for the distribution of
           amounts from his Deferred Compensation Account which he has specified
           in his Election Form. However, upon a written request submitted by
           the Participant to the Committee, the Committee may, in its sole
           discretion, for each Class Year:

           .  Postpone one time the date on which payment shall commence, but
              not beyond the year in which he will attain age seventy-one (71);
              and

                                       4
<PAGE>

           .  At the same time increase the number of installments to a number
              not to exceed fifteen (15).

           Any such request(s) must be made prior to the earlier of (a) the
           beginning of the year which the Participant has elected for
           distributions to commence, or (b) the Termination of Employment.

     7.4.  Date of Payments.  Except as otherwise provided in this plan,
           ----------------
           payments under this Plan shall begin on or before the fifteenth
           (15th) day of February of the calendar year following receipt of
           notice by the Executive Compensation Committee of an event which
           entitles a Participant (or Beneficiary) to payments under the Plan,
           or at such earlier date after receipt of such notice as may be
           determined by the Executive Compensation Committee.

     7.5.  Termination of Employment Before Age 55.  In the event a Participant
           ----------------------------------------
           has a Termination of Employment prior to his attaining age fifty-five
           (55) (other than by death, for which benefits and/or accounts will be
           paid in accordance with Section 7.1.b.), then, whether or not
           distributions have earlier commenced, the Participant's Deferred
           Compensation Account will be paid to him in a lump sum on or before
           the fifteenth (15th) day of February in the year following the year
           in which the Termination of Employment occurred, unless otherwise
           determined by the Committee. Upon written request of the Participant
           made within thirty (30) days following Termination of Employment, the
           Committee may in its sole discretion, determine that, in lieu of a
           lump sum, payments shall be made to the Participant in not more than
           five (5) Substantially Equal Installments, commencing on or before
           such next fifteenth (15th) day of February following the date of
           Termination of Employment. The interest credited to the Participant's
           Deferred Compensation Account on the Valuation Date next following
           the Termination of Employment shall be as provided in Section 6.,
           above. If payments are to be made in installments, the interest rate
           credited to the Participant's Deferred Compensation Account on all
           Valuation Dates subsequent to the Valuation Date next following
           Termination of Employment (and to be considered as the interest rate
           on such Valuation Date next Following Termination of Employment for
           the Sole purpose of Calculation Substantially Equal Installments
           under Section 2.17., above) shall be limited to the daily weighted
           average borrowing rate paid by the Company during the then calendar
           year for total borrowing.

     7.6.  Taxes: Withholding.  To the extent required by law, the Company shall
           ------------------
           withhold from payments made hereunder any amount required to be
           withheld by the federal or any state or local government.

     7.7.  Liquidating Distributions.  Notwithstanding any provisions of the
           -------------------------
           Plan or the Participant's Election Form to the contrary, upon written
           request for a Liquidating Distribution submitted by the Participant
           (or Beneficiary) to the Executive Compensation Committee, the
           Committee may, in its sole discretion, (or, following a Change in
           Control, the Committee must) pay to the Participant (or

                                       5
<PAGE>

           Beneficiary) the Participant's (or Beneficiary's) Liquidating
           Distribution Account Balance in a lump sum as soon as practicable
           (but no later than 60 days) following the request. "Liquidating
           Distribution" shall mean a distribution requested by the Participant
           (or Beneficiary following the Death of the Participant) in writing
           directed to the Committee and specifically referencing this section.
           If the Participant requesting the Liquidating Distribution is, at the
           time of the request, an active employee of the Employer, "Liquidating
           Distribution Account Balance" shall mean all of the Deferred
           Compensation Accounts under the Plan in which the Participant has an
           undistributed balance, increased by interest credited on the
           account(s) to the date of distribution from the preceding Valuation
           Date (based upon the interest rate credited on the preceding
           Valuation Date), and decreased by a forfeiture penalty equal to six
           percent (6%) of the value of the Participant's Deferred Compensation
           Account(s) as of the date of distribution. If the Participant
           requesting the Liquidating Distribution is, at the time of the
           request, no longer an active employee of the Employer, or in the case
           of a request made by a Participant's Beneficiary, "Liquidating
           Distribution Account Balance" shall mean all of the Deferred
           Compensation Accounts under the Plan in which the Participant (or
           Beneficiary) has an undistributed balance and all of the Deferred
           Compensation Accounts under any Comparable Plans maintained by the
           Employer in which the Participant (or Beneficiary) has an
           undistributed balance, increased by interest credited on the
           account(s) to the date of distribution from the preceding Valuation
           Date (based upon the interest rate credited on the preceding
           Valuation Date), and decreased by a forfeiture penalty equal to six
           percent (6%) of the value of the Participant's (or Beneficiary's)
           Deferred Compensation Account(s) as of the date of distribution.
           "Comparable Plans" shall mean the Alltrista Corporation 1993 Deferred
           Compensation Plan, the Alltrista Corporation 1993 Deferred
           Compensation Plan for Selected Key Employees, and any comparable
           successor plans so designated by the Committee.

           Notwithstanding any provisions of the Plan to the contrary, if a
           Participant requests a Liquidating Distribution within sixty (60)
           days following the effective date of a Change in Control, the
           Liquidating Distribution Account Balance shall be paid as set forth
           above except that the forfeiture penalty of six percent (6%) of the
           value of the Participant's (or Beneficiary's) Deferred Compensation
           Account(s) as of the date of distribution shall not be applied.

           Notwithstanding any provisions of the Plan or the Participant's
           Election Form to the contrary, if the Participant requesting the
           Liquidating Distribution is, at the time of the request, an active
           employee of the Employer, then the Participant shall, for a period of
           two (2) Class Years beginning with the Class Year during which the
           request for Liquidating Distribution is made, be ineligible to
           participate in the Plan or any Comparable Plans with respect to any
           Compensation not yet deferred.

           For purposes of this Section, a "Change in Control" shall be deemed
           to have occurred if:

                                       6
<PAGE>

           (a) any "Person", which shall mean a "person" as such term is used in
               Section 13(d) and 14(d) of the Securities Exchange Act of 1934,
               as amended (the "Exchange Act") (other than the Company, any
               trustee or other fiduciary holding securities under an employee
               benefit plan of the Company, or any company owned, directly or
               indirectly, by the shareholders of the Company in substantially
               the same proportions as their ownership of stock of the Company),
               is or becomes the "beneficial owner" (as defined in Rule 13d-3
               under the Exchange Act), directly or indirectly, of securities of
               the Company representing 30 percent or more of the combined
               voting power of the Company's then outstanding securities;

           (b) at any time during any period of two consecutive years,
               individuals, who at the beginning of such period constitute the
               Board, and any new director (other than a director designated by
               a Person who has entered into an agreement with the Company to
               effect a transaction described in clause (a), (c) or (d) of this
               Section) whose election by the Board or nomination for election
               by the Company's shareholders was approved by a vote of at least
               two-thirds of the directors at the beginning of the period or
               whose election or nomination for election was previously so
               approved, cease for any reason to constitute at least a majority
               thereof;

           (c) the shareholders of the Company approved a merger or
               consolidation of the Company with any other company, other than
               (i) a merger or consolidation which would result in the voting
               securities of the Company outstanding immediately prior thereto
               continuing to represent (either by remaining outstanding or by
               being converted into voting securities of the surviving entity)
               more than 50 percent of the combined voting power of the voting
               securities of the Company or such surviving entity outstanding
               immediately after such merger or consolidation, or (ii) a merger
               or consolidation effected to implement a recapitalization of the
               Company (or similar transaction) in which no Person acquired 50
               percent or more of the combined voting power of the Company's
               then outstanding securities; or

           (d) the shareholders of the Company approve a plan of complete
               liquidation of the Company of an agreement for the sale or
               disposition by the Company of all or substantially all of the
               Company's assets.

8.   Beneficiary Designation

     A Participant's Beneficiary or Beneficiaries (both principal and
     contingent) shall be as designated under the terms of the 1986 and 1988
     Ball Corporation Deferred Compensation Plans, unless and until a new
     beneficiary form is filed with the Committee or the then existing
     Beneficiary is revoked by divorce.

                                       7
<PAGE>

     A Participant shall have the right at any time, and from time to time, to
     designate and/or change or cancel any person, persons, or entity as his
     Beneficiary or Beneficiaries (both principal and contingent) to whom
     payment under this Plan shall be paid in the event of his death prior to
     complete distribution to Participant of the benefits due him under the
     Plan.  Each beneficiary change or cancellation shall become effective only
     when filed in writing with the Executive Compensation Committee during the
     Participant's lifetime on a form provided by the Committee.

     The filing of a new Beneficiary designation form will cancel all
     Beneficiary designations previously filed.  Any finalized divorce of a
     Participant subsequent to the date of filing of a Beneficiary designation
     form shall revoke such designation.  The spouse of a married Participant
     domiciled in a community property jurisdiction shall be required to join in
     any designation of Beneficiary or Beneficiaries other than the spouse in
     order for the Beneficiary designation to be effective.

     If a Participant fails to designate a Beneficiary as provided above, or, if
     his beneficiary designation is revoked by divorce, or otherwise, without
     execution of a new designation, or if all designated Beneficiaries
     predecease the Participant, then the distribution of such benefits shall be
     made in a lump sum to the Participant's estate.

     If any installment distribution has commenced to a Beneficiary and the
     Beneficiary dies before receiving all installments, any remaining
     installments shall be paid in a lump sum to the estate of the Beneficiary.

9.   Amendment and Termination of Plan

     9.1.  Amendment.  The Board of Directors may at any time amend the Plan in
           ---------
           whole or in part, provided, however, that no amendment shall be
           effective to reduce the value of any Participant's Deferred
           Compensation Account or to affect the Participant's vested right
           therein, and, except as provided in 9.2. or 9.3., no amendment shall
           be effective to decrease the future benefits under the Plan payable
           to any Participant or Beneficiary with respect to any Elective
           Deferred Compensation which was deferred prior to the date of the
           amendment. Written notice of any amendments shall be given promptly
           to each Participant.

     9.2.  Termination of Plan
           -------------------

           a.  Employer's Right to Terminate.  The Board of Directors may at any
               ------------- ---------------
               time terminate the Plan as to prospective contributions and
               credits of interest, if it determines in good faith that the
               economic acceptability of the Plan has been substantially
               impaired and that the resulting cost to the Company is
               substantially and unacceptably greater than the cost anticipated
               at the Effective Date.  No such termination of the Plan shall
               reduce the balance in a Participant's Deferred Compensation
               Account or affect the Participant's vested right therein.

           b.  Payments Upon Termination of Plan.  Upon termination of the Plan
               ---------------------------------
               under this Section 9.2., Compensation for additional Class Years
               shall not be deferred under the Plan.  With respect to then-
               existing Deferred

                                       8
<PAGE>

               Compensation Accounts, the Employer will, depending upon the
               Participant's election at that time: (i) pay to the Participant,
               in a lump sum, the value of each of his Deferred Compensation
               Accounts; (ii) continue to defer the Compensation under the Plan,
               but with the interest rate credited on all future Valuation Dates
               to be equal to the daily average of the best interest rate
               available to the Company during the then calendar year for short-
               term borrowings; or (iii) make such other arrangement as the
               Committee determines appropriate.

     9.3.  Successors and Mergers, Consolidations or Change in Control. The
           -----------------------------------------------------------
           terms and conditions of this Plan and Election Form shall enure to
           the benefit of and bind the Company, the Participants, their
           successors, assigns, and personal representatives. If substantially
           all of the stock or assets of the Company are acquired by another
           corporation or entity or if the Company is merged into, or
           consolidated with, another corporation or entity, then the
           obligations created hereunder shall be obligations of the acquiror or
           successor corporation or entity.

10.  Miscellaneous

     10.1. Unsecured General Creditor.  Participants and their beneficiaries,
           --------------------------
           heirs, successors and assigns shall have no legal or equitable
           rights, interests, or other claims in any property or assets of the
           Employer, nor shall they be beneficiaries of, or have any rights,
           claims, or interests in any life insurance policies, annuity
           contracts, or the policies therefrom owned or which may be acquired
           by the Company ("policies"). Such policies or other assets shall not
           be held under any trust for the benefit of Participants, their
           beneficiaries, heirs, successors, or assigns, or held in any way as
           collateral security for the fulfilling of the obligations of the
           Company under this Plan. Any and all of such assets and policies
           shall be and remain general, unpledged, unrestricted assets of the
           Employer. The Company's obligation under the Plan shall be that of an
           unfunded and unsecured promise to pay money in the future.

     10.2. Obligations to the Employer.  If a Participant becomes entitled to a
           ---------------------------
           distribution of benefits under the Plan, and if at such time the
           Participant has outstanding any debt, obligation, or other liability
           representing an amount owed to the Employer, then the Employer may
           offset such amounts owing it or an affiliate against the amount of
           benefits otherwise distributable. Such determination shall be made by
           the Committee.

     10.3. Non-Assignability.  Neither a Participant nor any other person shall
           -----------------
           have any right to commute, sell, assign, transfer, pledge,
           anticipate, mortgage, or otherwise encumber, transfer, hypothecate or
           convey in advance of actual receipt the amounts, if any, payable
           hereunder, or any part thereof, which are, and all rights to which
           are, expressly declared to be unassignable and nontransferable. No
           part of the amounts payable shall, prior to actual payment, be
           subject to seizure or sequestration for the payment of any debts,
           judgments, alimony or separate maintenance owed by a Participant or
           any other person, nor be transferable by operation of law in the
           event of a Participant's or any other person's bankruptcy or
           insolvency.

                                       9
<PAGE>

     10.4. Employment or Future Eligibility to Participant Not Guaranteed.
           --------------------------------------------------------------
           Nothing contained in this Plan nor any action taken hereunder shall
           be construed as a contract of employment or as giving an Eligible
           Employee any right to be retained in the employ of the Employer.
           Designation as an Eligible Employee may be revoked at anytime by the
           Executive Compensation Committee with respect to any Compensation not
           yet deferred.

     10.5. Gender Singular and Plural.  All pronouns and any variations thereof
           --------------------------
           shall be deemed to refer to the masculine, feminine, or neuter, as
           the identity of the person or persons may require. As the context may
           require, the singular may be read as the plural and the plural as the
           singular.

     10.6. Captions.  The captions to the articles, sections, and paragraphs of
           --------
           this Plan are for convenience only and shall not control or affect
           the meaning or construction of any of its provisions.

     10.7. Applicable Law.  This Plan shall be governed and construed in
           --------------
           accordance with the laws of the State of Indiana.

     10.8. Validity.  In the event any provision of this Plan is held invalid,
           --------
           void, or unenforceable, the same shall not affect, in any respect
           whatsoever, the validity of any other provision of this Plan.

     10.9. Notice.  Any notice or filing required or permitted to be given to
           ------
           the Executive Compensation Committee shall be sufficient if in
           writing and hand delivered, or sent by registered or certified mail,
           to the principal office of the Company, directed to the attention of
           the President of the Company. Such notice shall be deemed given as of
           the date of delivery or, if delivery is made by mail, as of the date
           shown on the postmark on the receipt for registration or
           certification.

                                       10

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