Document:

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                                  EXHIBIT 10.1

                                  THE McCORMICK

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                  AMENDED AND RESTATED EFFECTIVE JUNE 19, 2001

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                                  THE McCORMICK
                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                                TABLE OF CONTENTS

<Table>
<Caption>
ARTICLE 1                  DEFINITIONS                                                PAGE

<S>                      <C>                                                      <C>
      Section 1.1.         Affiliated Group                                             1
      Section 1.2.         Board                                                        1
      Section 1.3.         Code                                                         1
      Section 1.4.         Committee                                                    1
      Section 1.5.         Company                                                      1
      Section 1.6.         Disabled/Disability                                          1
      Section 1.7.         Employee                                                     1
      Section 1.8.         ERISA                                                        2
      Section 1.9.         Plan                                                         2
      Section 1.10.        Plan Year                                                    2
      Section 1.11.        Pension Plan                                                 2
      Section 1.12.        Trust                                                        2

ARTICLE 2                  PURPOSE OF PLAN

      Section 2.1.         Purpose                                                      2

ARTICLE 3                  ELIGIBILITY

      Section 3.1.         Eligibility                                                  2

ARTICLE 4                  BENEFITS

      Section 4.1.         Amount of Benefit                                            3
      Section 4.2.         Form of Benefit Payments                                     6
      Section 4.3.         Time of Benefit Payments                                     7
      Section 4.4.         Beneficiary in the Event of Death                            7
      Section 4.5.         Source of Benefits                                           8
      Section 4.6.         Contributions                                                8

ARTICLE 5                  VESTING

      Section 5.1.         Nonforfeitability of Benefits                                8
      Section 5.2.         Exceptions                                                   8
</Table>

<Page>

                                  THE McCORMICK
                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                                TABLE OF CONTENTS

<Table>
<Caption>

ARTICLE 6                  ADMINISTRATION                                      PAGE
<S>                      <C>                                                <C>
      Section 6.1.         Duties of Committee                                  10
      Section 6.2.         Finality of Decisions                                10

ARTICLE 7                  AMENDMENT AND TERMINATION

      Section 7.1.         Amendment and Termination                            11
      Section 7.2.         Contractual Obligation                               11

ARTICLE 8                  MISCELLANEOUS

      Section 8.1.         No Employment Rights                                 11
      Section 8.2.         Assignment                                           11
      Section 8.3.         Law Applicable                                       11
</Table>

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              THE MCCORMICK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

         McCormick & Company, Incorporated, a corporation organized under the
laws of the State of Maryland, having established a Supplemental Executive
Retirement Plan for certain of its Employees and those of its subsidiary
companies, hereby amends and restates such plan, effective June 19, 2001, as
follows:

                                    ARTICLE 1

                                   DEFINITIONS

          The words and phrases defined hereinafter shall have the following
meaning:

          SECTION 1.1. AFFILIATED GROUP. The Company and all subsidiary
corporations which are participating employers under the Pension Plan.

          SECTION 1.2. BOARD. The Board of Directors of the Company.

          SECTION 1.3. CODE. The Internal Revenue Code of 1986, as amended, or
as it may be amended from time to time.

          SECTION 1.4. COMMITTEE. The Compensation Committee or the Executive
Committee of the Board of Directors of the Company, as the case may be. The
Compensation Committee of the Board reviews and approves the participation and
benefits for the Chief Executive Officer, other members of the Executive
Committee and any other executives listed in the Company's proxy as one of the
five highest paid executives. The Executive Committee reviews and approves the
participation and benefits for all other executives.

          SECTION 1.5. COMPANY. McCormick & Company, Incorporated.

          SECTION 1.6. DISABLED/DISABILITY. Totally and/or Totally and
Permanently Disabled as defined in the Pension Plan.

          SECTION 1.7. EMPLOYEE. A participant in the Pension Plan who is
employed by one or more members of the Affiliated Group.

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          SECTION 1.8. ERISA. The Employee Retirement Income Security Act of
1974, as amended.

          SECTION 1.9. PLAN. The McCormick Supplemental Executive Retirement
Plan, as amended and restated as of June 19, 2001.

          SECTION 1.10. PLAN YEAR. A 12-month period commencing December 1 and
ending November 30 of the next calendar year.

          SECTION 1.11. PENSION PLAN. The McCormick Pension Plan.

          SECTION 1.12. TRUST. The McCormick Supplemental Executive Retirement
Trust or such other trust as may be established by a member of the Affiliated
Group to fund benefits under this Plan. The Plan, notwithstanding the creation
of the Trust, is intended to be unfunded for purposes of the Code and Title I of
ERISA.

                                    ARTICLE 2

                                 PURPOSE OF PLAN

          SECTION 2.1. PURPOSE. This Plan is designed to provide supplemental
retirement benefits to senior executives in management positions selected by the
Committee. Benefits provided under the Plan are structured to facilitate an
orderly transition within the ranks of senior management and to provide for an
equitable retirement benefit for such individuals consistent with competitive
conditions in the marketplace. Such benefits may be payable out of the Trust or
such other trust as may be established by a member of the Affiliated Group, or
may be payable from the general assets of the Company.

                                    ARTICLE 3

                                   ELIGIBILITY

          SECTION 3.1. ELIGIBILITY. Any Employee shall be eligible for coverage
under this Plan if such Employee is a senior executive in a management position
selected to participate in the Plan by the Committee. In selecting an Employee
for coverage under the Plan, the Committee shall specify whether the amount of
the Employee's benefit under the Plan shall be the amount provided in Section
4.1(a), Section 4.1(b), Section 4.1(c), Section 4.1(d), or Section 4.1(e) of the
Plan and such selection shall be evidenced by one of the individual contracts
referenced in Section 7.2.

                                       2

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                                    ARTICLE 4

                                    BENEFITS

          SECTION 4.1. AMOUNT OF BENEFIT. Each Employee eligible for coverage
under the Plan who shall retire on or after the attainment of age 55 shall
receive a monthly benefit payable for the life of the Employee. Except as
otherwise provided in Section 4.4, the payment of benefits under the Plan shall
be conditioned upon the Company's receipt of the Employee's application for
retirement benefits under the Pension Plan. The monthly benefit payable under
the Plan shall be calculated as follows:

         (a)      "Supplemental Retirement Plan" Benefit. For an Employee who
                  has been selected by the Committee to receive benefits
                  provided by this Section 4.1(a), the benefit shall be equal to
                  the amount described in subparagraph (1) minus the amount
                  described in subparagraph (2):

                  (1)      The benefit that would have been payable under the
                           Pension Plan under the single life annuity form of
                           payment, disregarding the limitations of Section 415
                           of the Code as implemented in Appendix I of the
                           Pension Plan and the limitation of Section 401(a)(17)
                           of the Code as it may be implemented in the Pension
                           Plan, calculated as if he were retiring at an
                           adjusted retirement age. This adjusted retirement age
                           will be the Employee's actual attained age at
                           retirement increased by one month for each month of
                           service after age 55 during which the Employee
                           participated in the Plan. However, the adjusted
                           retirement age cannot be greater than 65. The
                           Employee will continue to accrue credited service
                           during any period of time he or she is Disabled. In
                           the benefit calculation, credited service and average
                           monthly earnings will be determined to the adjusted
                           retirement age, assuming that the Employee's rate of
                           pay in effect on his date of retirement had remained
                           in effect until his adjusted retirement age.
                           Furthermore, average monthly earnings shall include
                           90% of 1/12th of the average of the five highest
                           annual bonuses payable to the Employee for any five
                           of the ten calendar years immediately prior to his
                           termination of employment; if the Employee is on
                           Disability at the time of retirement under the
                           Pension Plan, the annual bonuses considered shall be
                           the five highest annual bonuses payable to the
                           Employee for any five of the ten calendar years
                           immediately prior to the Disability;

                                       3

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                  (2)      The benefit actually provided by the Pension Plan
                           under the single life annuity form of payment.

         (b)      "Executive Retirement Plan" Benefit. For an Employee who has
                  been selected by the Committee to receive benefits provided by
                  this Section 4.1(b), the benefit shall be equal to the amount
                  described in subparagraph (1) minus the amount described in
                  subparagraph (2):

                  (1)      The benefit that would have been payable under the
                           Pension Plan under the single life annuity form of
                           payment, disregarding the limitations of Section 415
                           of the Code as implemented in Appendix I of the
                           Pension Plan and the limitation of Section 401(a)(17)
                           of the Code as it may be implemented in the Pension
                           Plan, if average monthly earnings had included 90% of
                           1/12th of the average of the five highest annual
                           bonuses payable to the Employee for any five of the
                           ten calendar years immediately prior to his
                           termination of employment; if the Employee is on
                           Disability at the time of retirement under the
                           Pension Plan, the annual bonuses considered shall be
                           the five highest annual bonuses payable to the
                           Employee for any five of the ten calendar years
                           immediately prior to the Disability;

                  (2)      The benefit actually provided by the Pension Plan
                           under the single life annuity form of payment.

         (c)      "Foreign Service Retirement" Benefit "A". For an Employee
                  who has been selected by the Committee to receive benefits
                  provided by this Section 4.1(c), and so long as such
                  Employee (i) at the time of his or her retirement is working
                  in the United States for the Company or a subsidiary or
                  affiliate of the Company that participates in the Pension
                  Plan, and (ii) has worked in the United States for at least
                  three years at the Company or a subsidiary or affiliate of
                  the Company that participates in the Pension Plan, the
                  benefit shall be equal to the amount described in
                  subparagraph (1) minus the amounts described in subparagraphs
                  (2) and (3):

                  (1)      The benefit that would have been payable under the
                           Pension Plan under the single life annuity form of
                           payment, including in such calculation all periods of
                           service by the Employee with any subsidiary or
                           affiliate of the Company located outside the United
                           States, and disregarding the limitations of Section
                           415 of the Code as implemented in Appendix I of the
                           Pension Plan and the limitation of Section 401(a)(17)
                           of the Code as it may be implemented in the Pension
                           Plan, if his

                                       4

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                           benefit were calculated as if he were retiring at an
                           adjusted retirement age. This adjusted retirement age
                           will be the Employee's actual attained age at
                           retirement increased by one month for each month of
                           service after age 55 during which the Employee
                           participated in the Plan. However, the adjusted
                           retirement age cannot be greater than 65. The
                           Employee will continue to accrue credited service
                           during the period of time he or she is Disabled. In
                           the benefit calculation, credited service and average
                           monthly earnings will be determined to the adjusted
                           retirement age, assuming that the Employee's rate of
                           pay in effect on his date of retirement had remained
                           in effect until the adjusted retirement age.
                           Furthermore, average monthly earnings shall include
                           90% of 1/12th of the average of the five highest
                           annual bonuses payable to the Employee for any five
                           of the ten calendar years immediately prior to his
                           termination of employment; if the Employee is on
                           Disability at the time of retirement under the
                           Pension Plan, the annual bonuses considered shall be
                           the five highest annual bonuses payable to the
                           Employee for any five of the ten calendar years
                           immediately prior to the Disability;

                  (2)      The benefit actually provided by the Pension Plan
                           under the single life annuity form of payment;

                  (3)      The benefit actually provided by any pension or
                           retirement plan provided by a subsidiary or affiliate
                           of the Company located outside the United States
                           which formerly employed the Employee.

         (d)      "Foreign Service Retirement" Benefit "B": For an Employee who
                  has been selected by the Committee to receive benefits
                  provided by this Section 4.1(d), and so long as such Employee
                  (i) at the time of his or her retirement is working in the
                  United States for the Company or a subsidiary or affiliate of
                  the Company that participates in the Pension Plan, and
                  (ii) has worked in the United States for at least three years
                  at the Company or at a subsidiary or affiliate of the Company
                  that participates in the Pension Plan, the benefit shall be
                  equal to the amount described in subparagraph (1) minus the
                  amounts described in subparagraphs (2) and (3):

                  (1)      The benefit that would have been payable under the
                           Pension Plan under the single life annuity form of
                           payment, including in such calculation all periods of
                           service by the Employee with any subsidiary or
                           affiliate of the Company located outside the United
                           States, and disregarding the limitations of

                                       5

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                           Section 415 of the Code as implemented in Appendix I
                           of the Pension Plan and the limitation of Section
                           401(a)(17) of the Code as it may be implemented in
                           the Pension Plan, if average monthly earnings had
                           included 90% of 1/12th of the average of the five
                           highest annual bonuses payable to the Employee for
                           any five of the ten calendar years immediately prior
                           to termination of employment; if the Employee is on
                           Disability at the time of retirement under the
                           Pension Plan, the annual bonuses considered shall be
                           the five highest annual bonuses payable to the
                           Employee for any five of the ten calendar years
                           immediately prior to the Disability;

                  (2)      The benefit actually provided by the Pension Plan
                           under the single life annuity form of payment;

                  (3)      The benefit actually provided by any pension or
                           retirement plan provided by a subsidiary or affiliate
                           of the Company located outside the United States
                           which formerly employed the Employee.

         (e)      Special Retirement Supplement. For an Employee who has been
                  selected by the Committee to receive benefits provided by
                  this Section 4.1(e), the benefit shall be equal to the
                  amount described in subparagraph (1) minus the amount
                  described in subparagraph (2):

                  (1)      The benefit that would have been payable under the
                           Pension Plan under the single life annuity form of
                           payment, disregarding the limitations of Section 415
                           of the Code as implemented in Appendix I of the
                           Pension Plan and the limitation of Section 401(a)(17)
                           of the Code as it may be implemented in the Pension
                           Plan;

                  (2)      The benefit actually provided by the Pension Plan
                           under the single life annuity form of payment.

         (f)      For purposes of calculating the Supplemental Retirement Plan
                  Benefit, the Executive Retirement Plan Benefit, the Foreign
                  Service Retirement Benefit "A", and the Foreign Service
                  Retirement Benefit "B" under this Article 4, the term "annual
                  bonus" shall not include any payment made to an Employee
                  pursuant to the Company's Mid-Term Incentive Plan.

         SECTION 4.2.  FORM OF BENEFIT PAYMENTS.

         (a)      Benefits described in Section 4.1 shall be payable monthly
                  during the Employee's life.

                                       6

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         (b)      Notwithstanding the foregoing, the Committee, with the
                  consent of the Employee, may change the manner and time of
                  making the monthly distributions provided in Section 4.1 and
                  may make such distributions in a lump sum or any other form
                  of payment which is actuarially equivalent to the single
                  life form of payment provided in Section 4.2(a). Actuarial
                  equivalence shall be determined under this Plan by using the
                  actuarial assumptions that are used for that purpose under
                  the Pension Plan as in effect when such actuarial equivalence
                  under this Plan is being determined. Any actuarially
                  equivalent benefits calculated under this Section shall be
                  based on the Employee's actual attained age at the time of
                   the calculation. Further, the Committee in its sole
                  discretion, may distribute the actuarial equivalent of
                  benefits due hereunder over a period certain of up to five
                  (5) years from the date they were otherwise to have
                  commenced. The form of payment agreed to hereunder need not
                  be the same as the form of payment used for distributions
                  from the Pension Plan.

         (c)      If the Committee shall find that any person to whom any
                  payment is payable under this Agreement is unable to care
                  for his affairs because of illness or accident, or is a
                  minor, any payment due (unless a prior claim therefor shall
                  have been made by a duly appointed guardian, committee or
                  other legal representative) may be paid to the spouse, a
                  child, a parent, or a brother or sister, or to any person
                  deemed by the Committee to have incurred expense for such
                  person otherwise entitled to payment, in such manner and
                  proportions as the Committee may determine. Any such payment
                  shall be a complete discharge of the liabilities of the
                  Company under this Plan.

          SECTION 4.3. TIME OF BENEFIT PAYMENTS. Benefits described in Section
4.1 shall commence on the first day of the month following the retirement of the
Employee on or after the Employee's attainment of age 55. If the Employee is on
Disability at the time of retirement under the Pension Plan, the benefits
described in Section 4.1 shall commence on the same date that Pension Plan
payments commence.

          SECTION 4.4. BENEFICIARY IN THE EVENT OF DEATH. Upon the death of an
Employee eligible for coverage under the Plan prior to termination of
employment, the surviving spouse, if any, shall be paid a benefit for life equal
to 50% of the benefit the Employee would have been entitled to under the Plan
had he retired on the day before his death and had he begun receiving benefits
under the 50% joint and survivor form of payment immediately before his death.
If the Employee dies before age 55, the surviving spouse shall be paid a benefit
commencing on the first of the month following the date on which the Employee
would have become age 55 in an amount equal to 50% of the benefit the

                                       7

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Employee would have been entitled to under the Plan if he had been age 55 on the
day before his death, but based on his actual years of service as of his date of
death. If death occurs after the Employee's retirement, the benefit will be
based on the form of benefit selected prior to his retirement.

          SECTION 4.5. SOURCE OF BENEFITS. Benefits payable under this Plan
shall be paid out of the Trust, or out of the general assets of the Company.
Nothing contained in this Plan and no action taken pursuant to the provisions of
this Plan shall create or be construed to create a trust of any kind, or a
fiduciary relationship between the Company and the Employee or any other person.
Any funds which may be invested and any assets which may be held to provide
benefits under this Plan shall continue for all purposes to be a part of the
general funds and assets of the Company and no person other than the Company
shall by virtue of the provisions of this Plan have any interest in such funds
and assets. To the extent that any person acquires a right to receive payments
from the Company under this Plan, such rights shall be no greater than the right
of any unsecured general creditor of the Company.

          SECTION 4.6. CONTRIBUTIONS. The Company shall make such contributions
as are necessary to maintain the Plan on a sound basis. The Company shall
contribute to the Trust for each Plan Year an amount which the Company
determines is necessary to carry out the funding policy for the Plan.
Contributions for a Plan Year, if required, shall be made as soon as practicable
after the end of the Plan Year.

                                    ARTICLE 5

                                     VESTING

          SECTION 5.1. NONFORFEITABILITY OF BENEFITS. The right of the Employee
or any other person to the payment of benefits under this Plan shall be
nonforfeitable (except as otherwise provided herein) as long as the terms and
conditions herein are satisfied.

          SECTION 5.2. EXCEPTIONS. Notwithstanding any provision of this Plan to
the contrary:

         (a)      If an Employee's employment with the Company ceases before age
                  55 other than as a result of death, a Constructive Discharge
                  or a discharge by the Company without Cause, then no benefits
                  will be paid to the Employee under this Plan.

         (b)      If an Employee's employment with the Company is terminated
                  before age 55 pursuant to a Constructive Discharge or a
                  discharge by the Company without Cause, then for purposes of
                  the Plan and

                                       8

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                  the Employee's individual contract with the Company, as
                  provided for in Section 7.2, regarding his benefits
                  (collectively, the "Plan Documents"):

                  (1)      The requirement in the Plan Documents that the
                           Employee must be at least age 55 on the date of
                           termination of his employment with the Company shall
                           not be applied to such Employee, and he or she shall
                           vest immediately upon such termination of employment
                           in the right to receive a monthly benefit payable for
                           the life of the Employee, calculated as otherwise
                           provided under the Plan Documents based upon the
                           Employee's years of service and compensation as of
                           the date of such termination, and commencing on the
                           first day of the month following the Employee's
                           attainment of age 55; provided, however, that the
                           payment of benefits under the Plan Documents shall be
                           conditioned upon the Company's receipt of the
                           Employee's application for retirement benefits under
                           the Pension Plan; and

                  (2)      References in the Plan Documents to the Employee's
                           "retirement" shall be deemed to mean his termination
                           of employment.

         (c)      For purposes of this Plan, "Cause" means any willful and
                  continuous failure by the Employee to substantially perform
                  his duties with the Company (unless the failure to perform
                  is due to the Employee's Disability) or any willful
                  misconduct or gross negligence by the Employee which results
                  in material economic harm to the Company, or any conviction
                  of the Employee of a felony. No act or failure to act shall
                  be considered "willful" for purposes of this definition if
                  the Employee reasonably believed in good faith that such act
                  or failure to act was in, or not opposed to, the best
                  interests of the Company. In the event of a willful and
                  continuous failure by the Employee to substantially perform
                  his duties, the Company shall notify the Employee in writing
                  of such failure to perform and the Employee shall have a
                  period of thirty (30) days after such notice to resume
                  substantial performance of his duties.

                  For purposes of this Plan, an Employee is considered to have
                  experienced a "Constructive Discharge" or to have been
                  "Constructively Discharged" if he or she resigns employment as
                  a result of, and within a period of thirty (30) days after the
                  occurrence of, any of the following events:

                  (1)     Re-assignment of the Employee to a position which is
                          at a lower level in the organizational structure than
                          his previous

                                       9

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                          position, as defined by any one or a combination of
                          the following factors: reporting relationship,
                          compensation compared to others in the organization,
                          and authority, duties and responsibilities;

                  (2)      Diminution in the Employee's authority, duties or
                           responsibilities, or the assignment of duties and
                           responsibilities which are unsuitable for an
                           individual having the position, experience and
                           stature of the Employee;

                  (3)      Reduction in the Employee's total compensation
                           (including salary, bonus, deferred compensation,
                           stock options, profit sharing and retirement programs
                           and other benefits);

                  (4)      Relocation of the Employee's principal workplace to a
                           location  which is more than 50 miles from the
                           Employee's previous principal workplace; or

                  (5)      Any failure by the Company to require any successor
                           (whether direct or indirect, by purchase, merger,
                           consolidation or otherwise) to all or substantially
                           all of the business and/or assets of the Company to
                           assume expressly and agree to perform under the Plan
                           Documents in the same manner and to the same extent
                           that the Company would be required to perform
                           thereunder with respect to the Employee if the
                           transaction or event resulting in a successor had not
                           taken place.

                  For purposes of subparagraphs (1), (2) or (3) of this Section
                  5.2(c), an isolated, insubstantial and inadvertent action
                  shall be excluded unless the Company fails to remedy such
                  action promptly after receipt of notice thereof given by the
                  Employee.

                                    ARTICLE 6

                                 ADMINISTRATION

          SECTION 6.1. DUTIES OF COMMITTEE. This Plan shall be administered by
the Committee in accordance with its terms and purposes.

          SECTION 6.2. FINALITY OF DECISIONS. The Committee shall have full
power and authority to interpret, construe and administer this Plan and the
Committee's determinations, and any actions taken hereunder, including any
valuation of the amount, or designation of a recipient, or any payment to be
made hereunder, shall be binding and conclusive on all persons for all purposes.
No member of

                                       10

<Page>

the Committee shall be liable to any person for any action taken or omitted in
connection with the interpretation and administration of this Plan unless
attributable to his own willful misconduct or lack of good faith.

                                    ARTICLE 7

                            AMENDMENT AND TERMINATION

          SECTION 7.1. AMENDMENT AND TERMINATION. While the Company intends to
maintain this Plan for as long as necessary, the Company reserves the right to
amend and/or terminate it at any time for whatever reasons it may deem
appropriate, except that no such amendment shall alter, reduce or diminish any
benefit previously granted to an Employee pursuant to Section 7.2 hereof.

          SECTION 7.2. CONTRACTUAL OBLIGATION. Notwithstanding Section 7.1, the
Company intends to assume a contractual commitment to pay the benefits described
under this Plan and such commitment shall be evidenced by individual contracts
entered into between the Company and each covered Employee for whom benefits
accrue hereunder, which contracts are attached hereto as Exhibits I, II, III, IV
and V.

                                    ARTICLE 8

                                  MISCELLANEOUS

          SECTION 8.1. NO EMPLOYMENT RIGHTS. Nothing contained in this Plan
shall be construed as a contract of employment between the Company or any
corporation in the Affiliated Group and any Employee, or as a right of any
Employee to be continued in employment or as a limitation of the right of the
Company to discharge any Employee with or without cause.

          SECTION 8.2. ASSIGNMENT. The benefits payable under this Plan may not
be assigned, alienated, pledged, attached or garnished except by will or by the
laws of descent and distribution, or except as required by law or judicial
order.

          SECTION 8.3. LAW APPLICABLE. This Plan shall be governed by the laws
of the State of Maryland, except to the extent preempted by ERISA.

ATTEST:                             McCORMICK & COMPANY, INCORPORATED

_______________________    By:  _________________________________
Robert W. Skelton                  Karen D. Weatherholtz
Secretary                          Senior Vice President - Human Relations

                                       11

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                                                                       EXHIBIT I

                McCORMICK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
                               AGREEMENT (TIER I)

         THIS AGREEMENT is made as of the _____ day of _______________, ______,
by and between McCORMICK & COMPANY, INCORPORATED, a corporation organized under
the laws of the State of Maryland (the "Company") and ______________________
(the "Employee").

                                    RECITALS:

         The Board of Directors of the Company has determined that it is
desirable and in the best interests of the Company to adopt a supplemental
retirement plan to facilitate an orderly transition within the ranks of senior
management and to provide for a more equitable retirement benefit for such
individuals consistent with competitive conditions in the marketplace; and

         The Board of Directors has approved and adopted such a plan known as
the "McCormick Supplemental Executive Retirement Plan", as amended, (the "Plan")
for certain senior executives designated by the Compensation or the Executive
Committee of the Board of Directors (the "Committee"); and

         The Board of Directors has authorized the officers of this Company to
do any and all things necessary or desirable to put said Plan in effect; and

         It is both desirable and necessary to include the Employee in said
Plan.

         NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants below set forth, the parties agree as follows:

         1.    In recognition of the Employee's past and future service, the
               Company shall provide a supplemental pension benefit to the
               Employee pursuant to the Plan and this Agreement in an amount
               determined in accordance with Section 4.1(a) of the Plan. Section
               4.1(a) of the Plan provides that the supplemental pension benefit
               shall be equal to the amount described in subparagraph (1) minus
               the amount described in subparagraph (2) as follows:

               "(1) The benefit that would have been payable under the Pension
                    Plan under the single life annuity form of payment,
                    disregarding the limitations of Section 415 of the Internal
                    Revenue Code (the "Code") as implemented in Appendix I of
                    the McCormick Pension Plan (the "Pension Plan") and the
                    limitation of Section 401(a)(17) of the Code as it may be
                    implemented in the Pension Plan, calculated as if he were
                    retiring at an adjusted retirement

<Page>

                    age. This adjusted retirement age will be the Employee's
                    actual attained age at retirement increased by one month for
                    each month of service after age 55 during which the Employee
                    participated in the Plan. However, the adjusted retirement
                    age cannot be greater than 65. The Employee will continue to
                    accrue credited service during any time he or she is
                    Disabled. In the benefit calculation, credited service and
                    average monthly earnings will be determined to the adjusted
                    retirement age, assuming that the Employee's rate of pay in
                    effect on his date of retirement had remained in effect
                    until his adjusted retirement age. Furthermore, average
                    monthly earnings shall include 90% of 1/12th of the average
                    of the five highest annual bonuses payable to the Employee
                    for any five of the ten calendar years immediately prior to
                    his termination of employment; if the Employee is on
                    Disability at the time of retirement under the Pension Plan,
                    the annual bonuses considered shall be the five highest
                    annual bonuses payable to the Employee for any five of the
                    ten calendar years immediately prior to his Disability;

               (2)  The benefit actually provided by the Pension Plan
                    under the single life annuity form of payment."

         2.    For purposes of calculating the benefit provided under this
               Agreement, the term "annual bonuses" in Section 1 above shall
               not include any payment made to an Employee pursuant to the
               Company's Mid-Term Incentive Plan.

         3.    In the event of the death of Employee prior to termination of
               employment, the surviving spouse, if any, shall be paid a benefit
               for life equal to 50% of the benefit the Employee would have been
               entitled to under the Plan had he retired on the day before his
               death and had he begun receiving benefits under the 50% joint and
               survivor form of payment immediately before his death. If the
               Employee dies before age 55, the surviving spouse shall be paid a
               benefit commencing on the first of the month following the date
               on which the Employee would have become age 55 in an amount equal
               to 50% of the benefit the Employee would have been entitled to
               under the Plan if he had been age 55 on the day before his death,
               but based on his actual years of service as of his date of death.
               If death occurs after the Employee's retirement, the benefit will
               be based on the form of benefit selected prior to his retirement.

         4.    Notwithstanding anything in this Agreement to the contrary, the
               Committee, with the consent of the Employee, may change the
               manner and time of making the monthly distributions provided in
               Section 1 of this Agreement and may make such distributions in a
               lump sum or any other form of payment which is actuarially
               equivalent to the single life annuity form of payment stipulated
               hereunder. Any such actuarially equivalent benefits shall be
               based on the Employee's actual attained age at the time of the
               calculation. Further, the Committee, in its sole discretion, may
               distribute the actuarially equivalent benefits due hereunder over
               a

                                       2

<Page>

               period certain of up to five (5) years from the date they were
               otherwise to have commenced. The form of payment agreed to
               hereunder need not be the same as the form of payment used for
               distributions from the Pension Plan.

         5.    Nothing contained in the Plan or in this Agreement, and no action
               taken pursuant to the provisions of the Plan or this Agreement,
               shall create or be construed to create a trust of any kind, or a
               fiduciary relationship between the Company and the Employee, his
               designated beneficiary or any other person. Any funds which may
               be invested and any assets which may be held to provide benefits
               under the Plan and this Agreement shall continue for all purposes
               to be a part of the general funds and assets of the Company and
               no person other than the Company shall by virtue of the
               provisions of this Agreement have any interest in such funds and
               assets. To the extent that any person acquires a right to receive
               payments from the Company under this Agreement, such rights shall
               be no greater than the right of any unsecured general creditor of
               the Company.

         6.    The right of the Employee or any other person to the payment of a
               supplemental pension benefit under this Agreement shall be
               nonforfeitable (except as otherwise provided in the Plan) as long
               as the terms and conditions of the Plan and this Agreement are
               satisfied. The payment of benefits shall commence upon the
               retirement of the Employee on or after the attainment of age 55.
               The payment of benefits is conditioned upon the Company's receipt
               of the Employee's application for retirement benefits under the
               Pension Plan.

         7.    The right of the Employee or any other person to the payment of a
               supplemental pension benefit or other benefits under the Plan and
               this Agreement shall not be assigned, transferred, pledged or
               encumbered except by will or by the laws of descent and
               distribution, or except as required by law or judicial order.

         8.    If the Committee shall find that any person to whom any payment
               is payable under the Plan and this Agreement is unable to care
               for his affairs because of illness or accident, or is a minor,
               any payment due (unless a prior claim therefor shall have been
               made by a duly appointed guardian, committee or other legal
               representative) may be paid to the spouse, a child, a parent, or
               a brother or sister, or to any person deemed by the Committee to
               have incurred expense for such person otherwise entitled to
               payment, in such manner and proportions as the Committee may
               determine. Any such payment shall be a complete discharge of the
               liabilities of the Company under this Agreement.

         9.    The Committee shall have full power and authority to interpret,
               construe and administer this Agreement and the Committee's
               determinations, and any actions taken hereunder, including any
               valuation of the amount, or designation of a recipient, of any
               payment to be made hereunder, shall be binding and conclusive on
               all persons for all purposes. No member of the Committee shall be
               liable to any person for any action taken or omitted in
               connection with the interpretation

                                       3

<Page>

               and administration of this Agreement unless attributable to his
               own willful misconduct or lack of good faith.

         10.   This Agreement shall not confer any rights or privileges on the
               Employee greater than those provided under the Plan. This
               Agreement is subject to the terms and provisions of the Plan and,
               in the event of any conflict between the provisions of the Plan
               and this Agreement, the provisions of the Plan shall govern.

         11.   This Agreement shall be binding upon and inure to the benefit of
               the Company, its successors and assigns and the Employee and his
               heirs, executors, administrators and legal representatives.

         12.   This Agreement shall be construed in accordance with and governed
               by the laws of the State of Maryland.

         13.   The terms used in this Agreement shall have the same definition
               as the identified terms used in the Plan.

         14.   (a) This Agreement supersedes any previous agreements between the
                    parties regarding supplemental or executive retirement plan
                    benefits and constitutes the entire agreement between the
                    parties.

               (b)  The date of enrollment of the Employee in the Plan
                    is _____________.

         IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed by its duly authorized officers, and the Employee has hereunto set his
hand and seal, as of the date appearing on page one.

ATTEST:                                     McCORMICK & COMPANY, INCORPORATED

_______________________________             By: ________________________________
Robert W. Skelton                               Robert J. Lawless
Secretary                                       Chairman of the Board, President
                                                & Chief Executive Officer

                                            ________________________________(LS)

                                       4

<Page>

                                                                      EXHIBIT II

                McCORMICK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
                               AGREEMENT (TIER II)

         THIS AGREEMENT is made as of the _____ day of _______________, ______,
by and between McCORMICK & COMPANY, INCORPORATED, a corporation organized under
the laws of the State of Maryland (the "Company") and ______________________
(the "Employee").

                                    RECITALS:

         The Board of Directors of the Company has determined that it is
desirable and in the best interests of the Company to adopt a supplemental
retirement plan to facilitate an orderly transition within the ranks of senior
management and to provide for a more equitable retirement benefit for such
individuals consistent with competitive conditions in the marketplace; and

         The Board of Directors has approved and adopted such a plan known as
the "McCormick Supplemental Executive Retirement Plan", as amended, (the "Plan")
for certain senior executives designated by the Compensation or the Executive
Committee of the Board of Directors (the "Committee"); and

         The Board of Directors has authorized the officers of this Company to
do any and all things necessary or desirable to put said Plan in effect; and

         It is both desirable and necessary to include the Employee in said
Plan.

         NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants below set forth, the parties agree as follows:

         1.    In recognition of the Employee's past and future service, the
               Company shall provide a supplemental pension benefit to the
               Employee pursuant to the Plan and this Agreement in an amount
               determined in accordance with Section 4.1(b) of the Plan. Section
               4.1(b) of the Plan provides that the supplemental pension benefit
               shall be equal to the amount described in subparagraph (1) minus
               the amount described in subparagraph (2) as follows:

               "(1)     The benefit that would have been payable under the
                        Pension Plan under the single life annuity form of
                        payment, disregarding the limitations of Section 415 of
                        the Internal Revenue Code (the "Code") as implemented in
                        Appendix I of the McCormick Pension Plan (the "Pension
                        Plan") and the limitation of Section 401(a)(17) of the
                        Code as it may be implemented in the Pension Plan, if
                        average monthly earnings had included 90% of 1/12th

<Page>

                        of the average of the five highest annual bonuses
                        payable to the Employee for any five of the ten calendar
                        years immediately prior to his termination of
                        employment; if the Employee is on Disability at the time
                        of retirement under the Pension Plan, the annual bonuses
                        considered shall be the five highest annual bonuses
                        payable to the Employee for any five of the ten calendar
                        years immediately prior to the Disability;

                    (2) The benefit actually provided by the Pension Plan under
                        the single life annuity form of payment."

              2.    For purposes of calculating the benefit provided under this
                    Agreement, the term "annual bonuses" in Section 1 above
                    shall not include any payment made to an Employee pursuant
                    to the Company's Mid-Term Incentive Plan.

              3.    In the event of the death of Employee prior to termination
                    of employment, the surviving spouse, if any, shall be paid a
                    benefit for life equal to 50% of the benefit the Employee
                    would have been entitled to under the Plan had he retired on
                    the day before his death and had he begun receiving benefits
                    under the 50% joint and survivor form of payment immediately
                    before his death. If the Employee dies before age 55, the
                    surviving spouse shall be paid a benefit commencing on the
                    first of the month following the date on which the Employee
                    would have become age 55 in an amount equal to 50% of the
                    benefit the Employee would have been entitled to under the
                    Plan if he had been age 55 on the day before his death, but
                    based on his actual years of service as of his date of
                    death. If death occurs after the Employee's retirement, the
                    benefit will be based on the form of benefit selected prior
                    to his retirement.

              4.    Notwithstanding anything in this Agreement to the contrary,
                    the Committee, with the consent of the Employee, may change
                    the manner and time of making the monthly distributions
                    provided in Section 1 of this Agreement and may make such
                    distributions in a lump sum or any other form of payment
                    which is actuarially equivalent to the single life annuity
                    form of payment stipulated hereunder. Any such actuarially
                    equivalent benefits shall be based on the Employee's actual
                    attained age at the time of the calculation. Further, the
                    Committee, in its sole discretion, may distribute the
                    actuarially equivalent benefits due hereunder over a period
                    certain of up to five (5) years from the date they were
                    otherwise to have commenced. The form of payment agreed to
                    hereunder need not be the same as the form of payment used
                    for distributions from the Pension Plan.

              5.    Nothing contained in the Plan or in this Agreement, and no
                    action taken pursuant to the provisions of the Plan or this
                    Agreement, shall create or be construed to create a trust of
                    any kind, or a fiduciary relationship between the Company
                    and the Employee, his designated beneficiary or any other
                    person. Any funds which may be invested and any assets which
                    may be held to provide benefits under the Plan and this
                    Agreement shall continue for all purposes to be a part of
                    the general funds

                                       2

<Page>

                    and assets of the Company and no person other than the
                    Company shall by virtue of the provisions of this Agreement
                    have any interest in such funds and assets. To the extent
                    that any person acquires a right to receive payments from
                    the Company under this Agreement, such rights shall be no
                    greater than the right of any unsecured general creditor of
                    the Company.

              6.    The right of the Employee or any other person to the payment
                    of a supplemental pension benefit under this Agreement shall
                    be nonforfeitable (except as otherwise provided in the Plan)
                    as long as the terms and conditions of the Plan and this
                    Agreement are satisfied. The payment of benefits shall
                    commence upon the retirement of the Employee on or after the
                    attainment age of 55. The payment of benefits is conditioned
                    upon the Company's receipt of the Employee's application for
                    retirement benefits under the Pension Plan.

              7.    The right of the Employee or any other person to the payment
                    of a supplemental pension benefit or other benefits under
                    the Plan and this Agreement shall not be assigned,
                    transferred, pledged or encumbered except by will or by the
                    laws of descent and distribution, or except as required by
                    law or judicial order.

              8.    If the Committee shall find that any person to whom any
                    payment is payable under the Plan and this Agreement is
                    unable to care for his affairs because of illness or
                    accident, or is a minor, any payment due (unless a prior
                    claim therefor shall have been made by a duly appointed
                    guardian, committee or other legal representative) may be
                    paid to the spouse, a child, a parent, or a brother or
                    sister, or to any person deemed by the Committee to have
                    incurred expense for such person otherwise entitled to
                    payment, in such manner and proportions as the Committee may
                    determine. Any such payment shall be a complete discharge of
                    the liabilities of the Company under this Agreement.

              9.    The Committee shall have full power and authority to
                    interpret, construe and administer this Agreement and the
                    Committee's determinations, and any actions taken hereunder,
                    including any valuation of the amount, or designation of a
                    recipient, of any payment to be made hereunder, shall be
                    binding and conclusive on all persons for all purposes. No
                    member of the Committee shall be liable to any person for
                    any action taken or omitted in connection with the
                    interpretation and administration of this Agreement unless
                    attributable to his own willful misconduct or lack of good
                    faith.

              10.   This Agreement shall not confer any rights or privileges on
                    the Employee greater than those provided under the Plan.
                    This Agreement is subject to the terms and provisions of the
                    Plan and, in the event of any conflict between the
                    provisions of the Plan and this Agreement, the provisions of
                    the Plan shall govern.

                                       3

<Page>

              11.   This Agreement shall be binding upon and inure to the
                    benefit of the Company, its successors and assigns and the
                    Employee and his heirs, executors, administrators and legal
                    representatives.

              12.   This Agreement shall be construed in accordance with and
                    governed by the laws of the State of Maryland.

              13.   The terms used in this Agreement shall have the same
                    definition as the identical terms used in the Plan.

              14.   (a) This Agreement supersedes any previous agreements
                        between the parties regarding supplemental or executive
                        retirement plan benefits and constitutes the entire
                        agreement between the parties.

                    (b) The date of enrollment of the Employee in the Plan
                        is _____________.

         IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed by its duly authorized officers, and the Employee has hereunto set his
hand and seal, as of the date appearing on page one.

ATTEST:                                     McCORMICK & COMPANY, INCORPORATED

_______________________________             By: ________________________________
Robert W. Skelton                               Robert J. Lawless
Secretary                                       Chairman of the Board, President
                                                & Chief Executive Officer

                                            ________________________________(LS)

                                       4
<Page>

                                                                     EXHIBIT III

                McCORMICK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
                              AGREEMENT (TIER I FN)

         THIS AGREEMENT is made as of the _____ day of _______________, ______,
by and between McCORMICK & COMPANY, INCORPORATED, a corporation organized under
the laws of the State of Maryland (the "Company") and ______________________
(the "Employee").

                                    RECITALS:

         The Board of Directors of the Company has determined that it is
desirable and in the best interests of the Company to adopt a supplemental
retirement plan to facilitate an orderly transition within the ranks of senior
management and to provide for a more equitable retirement benefit for such
individuals consistent with competitive conditions in the marketplace; and

         The Board of Directors has approved and adopted such a plan known as
the "McCormick Supplemental Executive Retirement Plan", as amended, (the "Plan")
for certain senior executives designated by the Compensation or the Executive
Committee of the Board of Directors (the "Committee"); and

         The Board of Directors has authorized the officers of this Company to
do any and all things necessary or desirable to put said Plan in effect; and

         It is both desirable and necessary to include the Employee in said
Plan.

         NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants below set forth, the parties agree as follows:

         1 .   In recognition of the Employee's past and future service, the
               Company shall provide a supplemental pension benefit to the
               Employee pursuant to the Plan and this Agreement in an amount
               determined in accordance with Section 4.1(c) of the Plan. The
               benefit provided under Section 4.1(c) of this Agreement shall be
               payable to the Employee only if the Employee (i) at the time of
               his or her retirement is working in the United States for the
               Company or a subsidiary or affiliate of the Company that
               participates in the Pension Plan, and (ii) has worked in the
               United States for at least three years at the Company or at a
               subsidiary or affiliate of the Company that participates in the
               Pension Plan. The benefit shall be equal to the amount described
               in subparagraph (1) minus the amounts described in subparagraphs
               (2) and (3):

<Page>

               "(1)     The benefit that would have been payable under the
                        McCormick Pension Plan (the "Pension Plan") under the
                        single life annuity form of payment, including in such
                        calculation all periods of service by the Employee with
                        any subsidiary or affiliate of the Company located
                        outside the United States, disregarding the limitations
                        of Section 415 of the Internal Revenue Code (the "Code")
                        as implemented in Appendix I of the Pension Plan and the
                        limitation of Section 401(a)(17) of the Code as it may
                        be implemented in the Pension Plan, if his benefit were
                        calculated as if he were retiring at an adjusted
                        retirement age. This adjusted retirement age will be the
                        Employee's actual attained age at retirement increased
                        by one month for each month of service after age 55
                        during which the Employee participated in the Plan.
                        However, the adjusted retirement age cannot be greater
                        than 65. The Employee will continue to accrue credited
                        service during the period of time he or she is Disabled.
                        In the benefit calculation, credited service and average
                        monthly earnings will be determined to the adjusted
                        retirement age, assuming that the Employee's rate of pay
                        in effect on his date of retirement had remained in
                        effect until the adjusted retirement age. Furthermore,
                        average monthly earnings shall include 90% of 1/12th of
                        the average of the five highest annual bonuses payable
                        to the Employee for any five of the ten calendar years
                        immediately prior to his termination of employment; if
                        the Employee is on Disability at the time of retirement
                        under the Pension Plan, the annual bonuses considered
                        shall be the five highest annual bonuses payable to the
                        Employee for any five of the ten calendar years
                        immediately prior to the Disability;

               (2)      The benefit actually provided by the Pension Plan under
                        the single life annuity form of payment;

               (3)      The benefit actually provided by any pension or
                        retirement plan provided by a subsidiary or affiliate
                        of the Company located outside the United States by
                        which the executive was employed."

         2.    For purposes of calculating the benefit provided under this
               Agreement, the term "annual bonuses" in Section 1 above shall not
               include any payment made to an Employee pursuant to the Company's
               Mid-Term Incentive Plan.

         3.    In the event of the death of Employee prior to termination of
               employment, the surviving spouse, if any, shall be paid a benefit
               for life equal to 50% of the benefit the Employee would have been
               entitled to under the Plan had he retired on the day before his
               death and had he begun receiving benefits under the 50% joint and
               survivor form of payment immediately before his death. If the
               Employee dies before age 55, the surviving spouse shall be paid a
               benefit commencing on the first of the month following the date
               on which the Employee would have become age 55 in an amount equal
               to 50% of the benefit the Employee would have been entitled to
               under the Plan if he had been age 55 on the day before his death,
               but

                                       2

<Page>

               based on his actual years of service as of his date of death. If
               death occurs after the Employee's retirement, the benefit will be
               based on the form of benefit selected prior to his retirement.

         4.    Notwithstanding anything in this Agreement to the contrary, the
               Committee, with the consent of the Employee, may change the
               manner and time of making the monthly distributions provided in
               Section 1 of this Agreement and may make such distributions in a
               lump sum or any other form of payment which is actuarially
               equivalent to the single life annuity form of payment stipulated
               hereunder. Any such actuarially equivalent benefits shall be
               based on the Employee's actual attained age at the time of the
               calculation. Further, the Committee, in its sole discretion, may
               distribute the actuarially equivalent benefits due hereunder over
               a period certain of up to five (5) years from the date they were
               otherwise to have commenced. The form of payment agreed to
               hereunder need not be the same as the form of payment used for
               distributions from the Pension Plan.

         5.    Nothing contained in the Plan or in this Agreement, and no action
               taken pursuant to the provisions of the Plan or this Agreement,
               shall create or be construed to create a trust of any kind, or a
               fiduciary relationship between the Company and the Employee, his
               designated beneficiary or any other person. Any funds which may
               be invested and any assets which may be held to provide benefits
               under the Plan and this Agreement shall continue for all purposes
               to be a part of the general funds and assets of the Company and
               no person other than the Company shall by virtue of the
               provisions of this Agreement have any interest in such funds and
               assets. To the extent that any person acquires a right to receive
               payments from the Company under this Agreement, such rights shall
               be no greater than the right of any unsecured general creditor of
               the Company.

         6.    The right of the Employee or any other person to the payment of a
               supplemental pension benefit under this Agreement shall be
               nonforfeitable (except as otherwise provided in the Plan) as long
               as the terms and conditions of the Plan and this Agreement are
               satisfied. The payment of benefits shall commence upon the
               retirement of the Employee on or after the attainment of age 55.
               The payment of benefits is conditioned upon the Company's receipt
               of the Employee's application for retirement benefits under the
               Pension Plan.

         7.    The right of the Employee or any other person to the payment of a
               supplemental pension benefit or other benefits under the Plan and
               this Agreement shall not be assigned, transferred, pledged or
               encumbered except by will or by the laws of descent and
               distribution, or except as required by law or judicial order.

         8.    If the Committee shall find that any person to whom any payment
               is payable under the Plan and this Agreement is unable to care
               for his affairs because of illness or accident, or is a minor,
               any payment due (unless a prior claim therefor shall have

                                       3

<Page>

               been made by a duly appointed guardian, committee or other legal
               representative) may be paid to the spouse, a child, a parent, or
               a brother or sister, or to any person deemed by the Committee to
               have incurred expense for such person otherwise entitled to
               payment, in such manner and proportions as the Committee may
               determine. Any such payment shall be a complete discharge of the
               liabilities of the Company under this Agreement.

         9.    The Committee shall have full power and authority to interpret,
               construe and administer this Agreement and the Committee's
               determinations, and any actions taken hereunder, including any
               valuation of the amount, or designation of a recipient, of any
               payment to be made hereunder, shall be binding and conclusive on
               all persons for all purposes. No member of the Committee shall be
               liable to any person for any action taken or omitted in
               connection with the interpretation and administration of this
               Agreement unless attributable to his own willful misconduct or
               lack of good faith.

         10.   This Agreement shall not confer any rights or privileges on the
               Employee greater than those provided under the Plan. This
               Agreement is subject to the terms and provisions of the Plan and,
               in the event of any conflict between the provisions of the Plan
               and this Agreement, the provisions of the Plan shall govern.

         11.   This Agreement shall be binding upon and inure to the benefit of
               the Company, its successors and assigns and the Employee and his
               heirs, executors, administrators and legal representatives.

         12.   This Agreement shall be construed in accordance with and governed
               by the laws of the State of Maryland.

         13.   The terms used in this Agreement shall have the same definition
               as the identical terms used in the Plan.

         14.   (a) This Agreement supersedes any previous agreements between the
                   parties regarding supplemental or executive retirement plan
                   benefits and constitutes the entire agreement between the
                   parties.

               (b) The date of enrollment of the Employee in the Plan
                   is ______________.

         IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed by its duly authorized officers, and the Employee has hereunto set his
hand and seal, as of the date

                                       4

<Page>

appearing on page one.

ATTEST:                                     McCORMICK & COMPANY, INCORPORATED

_______________________________             By: ________________________________
Robert W. Skelton                               Robert J. Lawless
Secretary                                       Chairman of the Board, President
                                                & Chief Executive Officer

                                            ________________________________(LS)

                                       5

<Page>

                                                                      EXHIBIT IV

                McCORMICK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
                             AGREEMENT (TIER II FN)

         THIS AGREEMENT is made as of the _____ day of _______________, ______,
by and between McCORMICK & COMPANY, INCORPORATED, a corporation organized under
the laws of the State of Maryland (the "Company") and ______________________
(the "Employee").

                                    RECITALS:

         The Board of Directors of the Company has determined that it is
desirable and in the best interests of the Company to adopt a supplemental
retirement plan to facilitate an orderly transition within the ranks of senior
management and to provide for a more equitable retirement benefit for such
individuals consistent with competitive conditions in the marketplace; and

         The Board of Directors has approved and adopted such a plan known as
the "McCormick Supplemental Executive Retirement Plan", as amended, (the "Plan")
for certain senior executives designated by the Compensation or the Executive
Committee of the Board of Directors (the "Committee"); and

         The Board of Directors has authorized the officers of this Company to
do any and all things necessary or desirable to put said Plan in effect; and

         It is both desirable and necessary to include the Employee in said
Plan.

         NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants below set forth, the parties agree as follows:

         1.    In recognition of the Employee's past and future service, the
               Company shall provide a supplemental pension benefit to the
               Employee pursuant to the Plan and this Agreement in an amount
               determined in accordance with Section 4.1(d) of the Plan. The
               benefit provided under Section 4.1(d) of this Agreement shall be
               payable to the Employee only if the Employee (i) at the time of
               his or her retirement is working in the United States for the
               Company or a subsidiary or affiliate of the Company that
               participates in the Pension Plan, and (ii) has worked in the
               United States for at least three years at the Company or at a
               subsidiary or affiliate of the Company that participates in the
               Pension Plan. The benefit shall be equal to the amount described
               in subparagraph (1) minus the amounts described in subparagraphs
               (2) and (3):

<Page>

               "(1)     The  benefit that would have been payable under the
                        Pension Plan under the single life annuity form of
                        payment, including in such calculation all periods of
                        service by the Employee with any subsidiary or affiliate
                        of the Company located outside the United States, but
                        disregarding the limitations of Section 415 of the
                        Internal Revenue Code (the "Code") as implemented in
                        Appendix I of the McCormick Pension Plan (the "Pension
                        Plan") and the limitation of Section 401(a)(17) of the
                        Code as it may be implemented in the Pension Plan, if
                        average monthly earnings had included 90% of 1/12th of
                        the average of the five highest annual bonuses payable
                        to the Employee for any five of the ten calendar years
                        immediately prior to termination of employment; if the
                        Employee is on Disability at the time of retirement
                        under the Pension Plan, the annual bonuses considered
                        shall be the five highest annual bonuses payable to the
                        Employee for any five of the ten calendar years
                        immediately prior to the Disability;

               (2)      The benefit actually provided by the Pension Plan under
                        the single life annuity form of payment;

               (3)      The benefit actually provided by any pension or
                        retirement plan provided by a subsidiary or affiliate
                        of the Company located outside the United States by
                        which the executive was employed."

         2.    For purposes of calculating the benefit provided under this
               Agreement, the term "annual bonuses" in Section 1 above shall not
               include any payment made to an Employee pursuant to the Company's
               Mid-Term Incentive Plan.

         3.    In the event of the death of Employee prior to termination of
               employment, the surviving spouse, if any, shall be paid a benefit
               for life equal to 50% of the benefit the Employee would have been
               entitled to under the Plan had he retired on the day before his
               death and had he begun receiving benefits under the 50% joint and
               survivor form of payment immediately before his death. If the
               Employee dies before age 55, the surviving spouse shall be paid a
               benefit commencing on the first of the month following the date
               on which the Employee would have become age 55 in an amount equal
               to 50% of the benefit the Employee would have been entitled to
               under the Plan if he had been age 55 on the day before his death,
               but based on his actual years of service as of his date of death.
               If death occurs after the Employee's retirement, the benefit will
               be based on the form of benefit selected prior to his retirement.

         4.    Notwithstanding anything in this Agreement to the contrary, the
               Committee, with the consent of the Employee, may change the
               manner and time of making the monthly distributions provided in
               Section 1 of this Agreement and may make such distributions in a
               lump sum or any other form of payment which is actuarially
               equivalent to the single life annuity form of payment stipulated
               hereunder. Any such actuarially equivalent benefits shall be
               based on the Employee's actual

                                       2

<Page>

               attained age at the time of the calculation. Further, the
               Committee, in its sole discretion, may distribute the actuarially
               equivalent benefits due hereunder over a period certain of up to
               five (5) years from the date they were otherwise to have
               commenced. The form of payment agreed to hereunder need not be
               the same as the form of payment used for distributions from the
               Pension Plan.

         5.    Nothing contained in the Plan or in this Agreement, and no action
               taken pursuant to the provisions of the Plan or this Agreement,
               shall create or be construed to create a trust of any kind, or a
               fiduciary relationship between the Company and the Employee, his
               designated beneficiary or any other person. Any funds which may
               be invested and any assets which may be held to provide benefits
               under the Plan and this Agreement shall continue for all purposes
               to be a part of the general funds and assets of the Company and
               no person other than the Company shall by virtue of the
               provisions of this Agreement have any interest in such funds and
               assets. To the extent that any person acquires a right to receive
               payments from the Company under this Agreement, such rights shall
               be no greater than the right of any unsecured general creditor of
               the Company.

         6.    The right of the Employee or any other person to the payment of a
               supplemental pension benefit under this Agreement shall be
               nonforfeitable (except as otherwise provided in the Plan) as long
               as the terms and conditions of the Plan and this Agreement are
               satisfied. The payment of benefits shall commence upon the
               retirement of the Employee on or after the attainment of age 55.
               The payment of benefits is conditioned upon the Company's receipt
               of the Employee's application for retirement benefits under the
               Pension Plan.

         7.    The right of the Employee or any other person to the payment of a
               supplemental pension benefit or other benefits under the Plan and
               this Agreement shall not be assigned, transferred, pledged or
               encumbered except by will or by the laws of descent and
               distribution, or except as required by law or judicial order.

         8.    If the Committee shall find that any person to whom any payment
               is payable under the Plan and this Agreement is unable to care
               for his affairs because of illness or accident, or is a minor,
               any payment due (unless a prior claim therefor shall have been
               made by a duly appointed guardian, committee or other legal
               representative) may be paid to the spouse, a child, a parent, or
               a brother or sister, or to any person deemed by the Committee to
               have incurred expense for such person otherwise entitled to
               payment, in such manner and proportions as the Committee may
               determine. Any such payment shall be a complete discharge of the
               liabilities of the Company under this Agreement.

         9.    The Committee shall have full power and authority to interpret,
               construe and administer this Agreement and the Committee's
               determinations, and any actions taken hereunder, including any
               valuation of the amount, or designation of a recipient, of any
               payment to be made hereunder, shall be binding and conclusive

                                       3

<Page>

               on all persons for all purposes. No member of the Committee shall
               be liable to any person for any action taken or omitted in
               connection with the interpretation and administration of this
               Agreement unless attributable to his own willful misconduct or
               lack of good faith.

         10.   This Agreement shall not confer any rights or privileges on the
               Employee greater than those provided under the Plan. This
               Agreement is subject to the terms and provisions of the Plan and,
               in the event of any conflict between the provisions of the Plan
               and this Agreement, the provisions of the Plan shall govern.

         11.   This Agreement shall be binding upon and inure to the benefit of
               the Company, its successors and assigns and the Employee and his
               heirs, executors, administrators and legal representatives.

         12.   This Agreement shall be construed in accordance with and governed
               by the laws of the State of Maryland.

         13.   The terms used in this Agreement shall have the same definition
               as the identical terms used in the Plan.

         14.   (a) This Agreement supersedes any previous agreements between the
                   parties regarding supplemental or executive retirement plan
                   benefits and constitutes the entire agreement between the
                   parties.

               (b) The date of enrollment of the Employee in the Plan
                   is ______________.

         IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed by its duly authorized officers, and the Employee has hereunto set his
hand and seal, as of the date appearing on page one.

ATTEST:                                     McCORMICK & COMPANY, INCORPORATED

_______________________________             By: ________________________________
Robert W. Skelton                               Robert J. Lawless
Secretary                                       Chairman of the Board, President
                                                & Chief Executive Officer

                                            ________________________________(LS)

                                       4

<Page>

                                                                       EXHIBIT V

                McCORMICK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
                              AGREEMENT(TIER III)

         THIS AGREEMENT is made as of the ____ day of __________, ____, by and
between McCORMICK & COMPANY, INCORPORATED, a corporation organized under the
laws of the State of Maryland (the "Company") and ________________ (the
"Employee").

                                    RECITALS:

         The Board of Directors of the Company has determined that it is
desirable and in the best interests of the Company to adopt a supplemental
retirement plan to facilitate an orderly transition within the ranks of senior
management and to provide for a more equitable retirement benefit for such
individuals consistent with competitive conditions in the marketplace; and

         The Board of Directors has approved and adopted such a plan known as
the McCormick Supplemental Executive Retirement Plan, as amended, (the "Plan")
for certain senior executives designated by the Compensation or the Executive
Committee of the Board of Directors (the "Committee"); and

         The Board of Directors has authorized the officers of this Company to
do any and all things necessary or desirable to put said Plan in effect; and

         It is both desirable and necessary to include the Employee in said
Plan.

         NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants below set forth, the parties agree as follows:

         1.    In recognition of the Employee's past and future service, the
               Company shall provide a supplemental pension benefit to the
               Employee pursuant to the Plan and this Agreement in an amount
               determined in accordance with Section 4.1(e) of the Plan. Section
               4.1(e) of the Plan provides that the supplemental pension benefit
               shall be equal to the amount described in subparagraph (1) minus
               the amount described in subparagraph (2) as follows:

               "(1)     The benefit that would have been payable under the
                        Pension Plan under the single life annuity form of
                        payment, disregarding the limitations of Section 415
                        of the Internal Revenue Code (the"Code") as implemented
                        in Appendix I of the McCormick Pension Plan (the
                        "Pension Plan") an the limitation of Section 401(a)(17)
                        of the Code as it may be implemented in the Pension
                        Plan;

<Page>

               (2)      The benefit actually provided by the Pension Plan
                        under the single life annuity form of payment."

         3.    In the event of the death of Employee prior to termination of
               employment, the surviving spouse, if any, shall be paid a benefit
               for life equal to 50% of the benefit the Employee would have been
               entitled to under the Plan had he retired on the day before his
               death and had he begun receiving benefits under the 50% joint and
               survivor form of payment immediately before his death. If the
               Employee dies before age 55, the surviving spouse shall be paid a
               benefit commencing on the first of the month following the date
               on which the Employee would have become age 55 in an amount equal
               to 50% of the benefit the Employee would have been entitled to
               under the Plan if he had been age 55 on the day before his death,
               but based on his actual years of service as of his date of death.
               If death occurs after the Employee's retirement, the benefit will
               be based on the form of benefit selected prior to his retirement.

         4.    Notwithstanding anything in this Agreement to the contrary, the
               Committee, with the consent of the Employee, may change the
               manner and time of making the monthly distributions provided in
               Section 1 of this Agreement and may make such distributions in a
               lump sum or any other form of payment which is actuarially
               equivalent to the single life annuity form of payment stipulated
               hereunder. Any such actuarially equivalent benefits shall be
               based on the Employee's actual attained age at the time of the
               calculation. Further, the Committee, in its sole discretion, may
               distribute the actuarially equivalent benefits due hereunder over
               a period certain of up to five (5) years from the date they were
               otherwise to have commenced. The form of payment agreed to
               hereunder need not be the same as the form of payment used for
               distributions from the Pension Plan.

         5.    Nothing contained in the Plan or in this Agreement, and no action
               taken pursuant to the provisions of the Plan or this Agreement,
               shall create or be construed to create a trust of any kind, or a
               fiduciary relationship between the Company and the Employee, his
               designated beneficiary or any other person. Any funds which may
               be invested and any assets which may be held to provide benefits
               under the Plan and this Agreement shall continue for all purposes
               to be a part of the general funds and assets of the Company and
               no person other than the Company shall by virtue of the
               provisions of this Agreement have any interest in such funds and
               assets. To the extent that any person acquires a right to receive
               payments from the Company under this Agreement, such rights shall
               be no greater than the right of any unsecured general creditor of
               the Company.

         6.    The right of the Employee or any other person to the payment of a
               supplemental pension benefit under this Agreement shall be
               nonforfeitable (except as otherwise provided in the Plan) as long
               as the terms and conditions of the Plan and this Agreement are
               satisfied. The payment of benefits shall commence upon the
               retirement of the Employee on or after the attainment age of 55.
               The payment of

                                       2

<Page>

               benefits is conditioned upon the Company's receipt of the
               Employee's application for retirement benefits under the Pension
               Plan.

         7.    The right of the Employee or any other person to the payment of a
               supplemental pension benefit or other benefits under the Plan and
               this Agreement shall not be assigned, transferred, pledged or
               encumbered except by will or by the laws of descent and
               distribution, or except as required by law or judicial order.

         8.    If the Committee shall find that any person to whom any payment
               is payable under the Plan and this Agreement is unable to care
               for his affairs because of illness or accident, or is a minor,
               any payment due (unless a prior claim therefor shall have been
               made by a duly appointed guardian, committee or other legal
               representative) may be paid to the spouse, a child, a parent, or
               a brother or sister, or to any person deemed by the Committee to
               have incurred expense for such person otherwise entitled to
               payment, in such manner and proportions as the Committee may
               determine. Any such payment shall be a complete discharge of the
               liabilities of the Company under this Agreement.

         9.    The Committee shall have full power and authority to interpret,
               construe and administer this Agreement and the Committee's
               determinations, and any actions taken hereunder, including any
               valuation of the amount, or designation of a recipient, of any
               payment to be made hereunder, shall be binding and conclusive on
               all persons for all purposes. No member of the Committee shall be
               liable to any person for any action taken or omitted in
               connection with the interpretation and administration of this
               Agreement unless attributable to his own willful misconduct or
               lack of good faith.

         10.   This Agreement shall not confer any rights or privileges on the
               Employee greater than those provided under the Plan. This
               Agreement is subject to the terms and provisions of the Plan and,
               in the event of any conflict between the provisions of the Plan
               and this Agreement, the provisions of the Plan shall govern.

         11.   This Agreement shall be binding upon and inure to the benefit of
               the Company, its successors and assigns and the Employee and his
               heirs, executors, administrators and legal representatives.

         12.   This Agreement shall be construed in accordance with and governed
               by the laws of the State of Maryland.

         13.   The terms used in this Agreement shall have the same definition
               as the identical terms used in the Plan.

         14.   (a) This Agreement supersedes any previous agreements between the
                   parties regarding supplemental or executive retirement plan
                   benefits and constitutes the entire agreement between the
                   parties.

                                       3

<Page>

               (b) The date of enrollment of the Employee in the Plan
                   is _____________.

         IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed by its duly authorized officers, and the Employee has hereunto set his
hand and seal, as of the date appearing on page one.

ATTEST:                                     McCORMICK & COMPANY, INCORPORATED

_______________________________             By: ________________________________
Robert W. Skelton                               Robert J. Lawless
Secretary                                       Chairman of the Board, President
                                                & Chief Executive Officer

                                             _______________________________(LS)

                                       4Prepared by MERRILL CORPORATION

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Exhibit 10(a)    
  

 
  TENET HEALTHCARE CORPORATION
  2001 STOCK INCENTIVE PLAN    
  

1.  Purpose of the Plan.  

    The purpose of the Tenet Healthcare Corporation 2001 Stock Incentive Plan is to promote the interests of the Company and its shareholders by strengthening the
Company's ability to attract, motivate and retain Employees, Directors, advisors and consultants of training, experience and ability, and to provide a means to encourage stock ownership and a
proprietary interest in the Company to Directors, officers and valued Employees of the Company and consultants and advisors to the Company upon whose judgment, initiative, and efforts the financial
success and growth of the business of the Company largely depend. 

2.  Definitions. 

	(a)
	"Affiliate"
shall have the meaning ascribed to such term in Rule 12b-2 of the General Rules and Regulations under the Exchange Act.

	(b)
	"Annual
Retainer" means the annual retainer for Directors established by the Committee or the Board from time to time, but does not include meeting fees and committee fees.

	(c)
	"Appreciation
Right" means an award made under Section 9.

	(d)
	"Associate"
shall have the meanings ascribed to such term in Rule 12b-2 of the General Rules and Regulations under the Exchange Act.

	(e)
	"Board"
means the Board of Directors of the Company.

	(f)
	"Business
Unit" means any facility, region, division, group, subsidiary or other unit within the Company that is designated by the Committee to constitute a Business Unit.

	(g)
	"Change
in Control" of the Company means a Person, alone or together with its Affiliates and Associates, becoming the beneficial owner of 20% or more of the general voting power of
the Company or any Person making a filing under Sections 13(d) or 14(d) of the Exchange Act with respect to the Company which discloses an intent to acquire control of the Company in a transaction or
series of transactions not approved by the Board.

	(h)
	"Code"
means the Internal Revenue Code of 1986, as amended, and any successor statute and the regulations promulgated thereunder, as it or they may be amended from time to time.

	(i)
	"Committee"
means the Compensation Committee of the Board, unless the Board appoints another committee to administer the Plan.

	(j)
	"Common
Stock" means the $0.075 par value Common Stock of the Company.

	(k)
	"Company"
means Tenet Healthcare Corporation, a Nevada corporation.

	(l)
	"Director"
means a member of the Board of the Company who is not an Employee or a former Employee who is receiving severance or retirement benefits (other than under the Tenet
Healthcare Corporation Amended and Restated Supplemental Executive Retirement Plan, as it may be amended from time to time) from the Company or any of its present or future Business Units.

	(m)
	"Eligible
Person" means an Employee, Director, advisor or consultant of the Company or any of its present or future Business Units.

	(n)
	"Employee"
means any executive officer or other employee of the Company, or of any of its present or future Business Units. 

 

	(o)
	"Exchange
Act" means the Securities Exchange Act of 1934, as amended from time to time or any successor statute.

	(p)
	"Fair
Market Value" means the closing price of a share of Common Stock on the New York Stock Exchange on the date as of which fair market value is to be determined or the actual
sale price of the shares acquired upon exercise if the shares are sold in a same day sale, or if no sales were made on such date, the closing price of such shares on the New York Stock Exchange on the
next preceding date on which there were such sales.

	(q)
	"Incentive
Award" means an Option, Restricted Stock, an Appreciation Right, a Performance Unit, a Restricted Unit, a Section 162(m) Award or a cash bonus award granted under
the Plan.

	(r)
	"Incentive
Stock Option" means an Option intended to qualify under Section 422 of the Code and the Treasury regulations thereunder.

	(s)
	"Option"
means an Incentive Stock Option or a nonqualified stock option.

	(t)
	"Participant"
means any Eligible Person selected to receive an Incentive Award pursuant to Section 5.

	(u)
	"Plan"
means the Tenet Healthcare Corporation 2001 Stock Incentive Plan as set forth herein, as it has been or may be amended and/or restated from time to time.

	(v)
	"Performance
Criterion" or "Performance Criteria" means any one or more of the following performance measures, taken alone or in conjunction with each other, each of which may be
adjusted by the Committee to exclude the before-tax or after-tax effects of any significant acquisitions or dispositions not included in the calculations made in connection
with setting the Performance Criterion or Performance Criteria for the relevant Incentive Award:

	(1)
	Basic
or diluted earnings per share of common stock, which may be calculated as (A) income calculated in accordance with Section 2(v)(4), divided by (x) the
weighted average number of shares, in the case of basic earnings per share, and (y) the weighted average number of shares and shares equivalents of common stock, in the case of diluted earnings
per share, or (B) using a method as may be specified by the Committee;

	(2)
	Cash
flow, which may be calculated or measured in a manner specified by the Committee;

	(3)
	Economic
value added, which is after-tax operating profit less the annual total cost of capital, which may be calculated or measured in a manner specified by the
Committee;

	(4)
	Income,
which may include, without limitation, net income and operating income and may be calculated or measured (A) before or after income taxes, including or excluding
interest, depreciation and amortization, minority interests, extraordinary items and other material non-recurring items, discontinued operations, the cumulative effect of changes in
accounting policies and the effects of any tax law changes; or (B) using a method as may be specified by the Committee;

	(5)
	Quality
of service and/or patient care, which may be measured by (A) the extent to which the Company achieves pre-set quality objectives including, without
limitation, patient satisfaction objectives, or (B) a method as may be specified by the Committee;

	(6)
	Return
measures (including, but not limited to, return on assets, capital, equity, or sales), which may be calculated or measured in a manner specified by the Committee; or

	(7)
	The
price of the Common Stock or the Company's preferred stock. (including, but not limited to, growth measures and total shareholder return) which may be calculated or measured in
a manner specified by the Committee. 

2

 

	(w)
	"Performance
Goals" means the performance objectives with respect to one Performance Criterion or two or more Performance Criteria established by the Committee for the Company, a
Business Unit or an individual for the purpose of determining whether, and the extent to which, a Section 162(m) Award will be awarded or paid.

	(x)
	"Performance
Unit" means a grant made under Section 10.

	(y)
	"Person"
means an individual, firm, corporation or other entity or any successor to such entity, but "Person" shall not include the Company, any subsidiary of the Company, any
employee benefit plan or employee stock plan of the Company, or any Person organized, appointed, established or holding Voting Stock by, for or pursuant to the terms of such a plan or any Person who
acquires 20% or more of the general voting power of the Company in a transaction or series of transactions approved prior to such transaction or series of transactions by the Board.

	(z)
	"Restricted
Stock" means an award of shares of Common Stock made under Section 8.

	(aa)
	"Restricted
Unit" means an award made under Section 11.

	(bb)
	"Section 162(m)"
means Section 162(m) of the Code and regulations and governmental interpretations thereunder.

	(cc)
	"Section 162(m)
Award" means a grant of Options, Restricted Stock, Performance Units or Restricted Units meeting the requirements of Code Section 162(m).

	(dd)
	"Voting
Stock" means shares of the Company's capital stock having general voting power, with "voting power" meaning the power under ordinary circumstances (and not merely upon the
happening of a contingency) to vote in the election of directors. 

3.  Shares of Common Stock Subject to the Plan. 

	(a)
	Subject
to the provisions of Section 3(d) and Section 14, the aggregate number of shares of Common Stock that may be issued under the Plan is 40,000,000 shares of
Common Stock.

	(b)
	Notwithstanding
anything in the Plan to the contrary, the aggregate number of shares of Common Stock that may be issued to settle grants of Restricted Stock, Appreciation Rights,
Performance Units and Restricted Units under the Plan shall not exceed 4,000,000 shares.

	(c)
	The
shares of Common Stock to be delivered under the Plan will be made available, at the discretion of the Board or the Committee, either from authorized but unissued shares of
Common Stock or from previously issued shares of Common Stock reacquired by the Company, including shares purchased on the open market.

	(d)
	If
any share of Common Stock that is the subject of an Incentive Award is not issued or transferred and ceases to be issuable or transferable for any reason, such share of Common
Stock will no longer be charged against the limitations provided for in Section 3(a) and (b) and may again be made subject to Incentive Awards. Shares as to which an Option has been
surrendered in connection with the exercise of a related Appreciation Right, however, will not again be available for the grant of any further Incentive Awards. Incentive Awards shall not be applied
against the limitations provided for in Section 3(a) and 3(b) to the extent they are paid out in cash and not in Common Stock. 

4.  Administration of the Plan. 

	(a)
	The
Plan will be administered by the Committee, which will consist of two or more persons (1) who satisfy the requirements of a "Non-Employee Director" for
purposes of Rule 16b-3 

3

 

under
the Exchange Act, and (2) who satisfy the requirements of an "outside director" for purposes of Section 162(m). 

	(b)
	The
Committee has and may exercise such powers and authority of the Board as may be necessary or appropriate for the Committee to carry out its functions as described in the Plan.
The Committee has authority in its discretion to determine the Eligible Persons to whom, and the time(s) at which, Incentive Awards may be granted and the number of shares, units, or Appreciation
Rights subject to each Incentive Award. The Committee has authority to interpret the Plan, to make determinations as to whether a Participant or a Director is permanently and totally disabled, and to
determine the terms and provisions of Incentive Awards. The Committee has authority to make all other determinations necessary or advisable for Plan administration and to prescribe and rescind rules
and regulations relating to the Plan. All interpretations, determinations, and actions by the Committee will be final, conclusive, and binding upon all parties.

	(c)
	No
member of the Board or the Committee will be liable for any action or determination made in good faith by the Board or the Committee with respect to the Plan or any Incentive
Award under it. 

5.  Eligibility. 

	(a)
	All
Employees who have been determined by the Committee to be key Employees and all consultants and advisors to the Company, or to any Business Unit, present or future, that have
been determined by the Committee to be key consultants or advisors are eligible to receive Incentive Awards under the Plan; provided, however, that only Employees who have been determined by the
Committee to be key Employees of the Company or any subsidiary corporation (within the meaning of Section 424(f) of the Code) shall be eligible to receive Incentive Stock Options under the
Plan.

	(b)
	All
Directors are eligible to receive Options in accordance with Section 7.

	(c)
	No
person will be eligible for the grant of any Incentive Stock Option who owns or would own immediately after the grant of such Option, directly or indirectly, stock possessing
more than 10 percent of the total combined voting power of all classes of stock of the Company or of any subsidiary corporation (within the meaning of Section 424(f) of the Code). This
does not apply if, at the time such Incentive Stock Option is granted, the Incentive Stock Option price is at least 110% of the Fair Market Value of the Common Stock on the date of the grant. In this
event, the Incentive Stock Option is not exercisable after the expiration of five years from the date of grant.

	(d)
	The
Committee has authority, in its sole discretion, to determine and designate from time to time those Eligible Persons who are to be granted Incentive Awards, and the type and
amount of Incentive Award to be granted. Each Incentive Award will be evidenced by a written instrument and may include such other terms and conditions consistent with the Plan as the Committee may
determine. 

6.  Terms and Conditions of Options. 

	(a)
	The
exercise price per share for each Option, including Options granted to Directors under Section 7, will be at least equal to the Fair Market Value of the Common Stock on
the date of grant. Once an Option has been granted, (i) the exercise price per share for that Option may not be reduced, and (ii) that Option may not be cancelled and reissued, without
shareholder approval, except as provided in Section 14. 

4

 

	(b)
	Options
shall vest and be exercised as determined by the Committee, but in no event may an Option be exercisable after 10 years from the date of grant.

	(c)
	Upon
the exercise of an Option, including Options granted to Directors under Section 7, the exercise price and any federal and state withholding obligation resulting from the
exercise will be payable in full (1) in cash, (2) by the Participant irrevocably authorizing a broker approved in writing by the Company to sell shares of Common Stock acquired upon
exercise of the Option and remitting to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any federal and state withholding resulting from such exercise,
(3) in the discretion of the Committee, by the assignment and delivery to the Company of shares of Common Stock owned by the Participant, (4) in the discretion of the Committee, by a
promissory note secured by shares of Common Stock bearing interest at a rate determined by the Committee, or (5) by a combination of any of the above. Any shares assigned and delivered to the
Company in payment or partial payment of the exercise price will be valued at the Fair Market Value on the exercise date and shall be accompanied by an assignment separate from certificate and any
other document(s) reasonably requested by the Company.

	(d)
	With
respect to Incentive Stock Options granted under the Plan, the aggregate Fair Market Value (determined as of the date the Incentive Stock Option is granted) of the number of
shares with respect to which Incentive Stock Options are exercisable for the first time by an Employee during any calendar year (under the Plan or any other plan of the Company or a subsidiary
corporation (within the meaning of Section 424(f) of the Code)) shall not exceed one hundred thousand dollars ($100,000) or such other limit as may be set forth in the Code.

	(e)
	No
fractional shares will be issued pursuant to the exercise of an Option, including Options granted to Directors under Section 7, nor will any cash payment be made in lieu
of fractional shares.

	(f)
	With
respect to the exercise of an Option under the Plan, the Participant may, in the discretion of the Committee, receive a replacement Option under the Plan to purchase a number
of shares of Common Stock equal to the number of shares of Common Stock, if any, that the Participant delivered on exercise of the Option, with a purchase price equal to the Fair Market Value on the
exercise date and with a term extending to the expiration date of the original Option.

	(g)
	All
Incentive Stock Options shall be granted within 10 years from the date this Plan is adopted or is approved by the shareholders, whichever is earlier. 

7.  Terms and Conditions of Options Granted to Directors.  

	(a)
	The
Board shall determine in its discretion the Directors to whom, and the time(s) at which, Options may be granted to Directors and the number of shares subject to such Option
grants.

	(b)
	Each
Option will be evidenced by a written instrument, which shall include such terms and conditions consistent with this Plan as the Committee may determine.

	(c)
	Options
granted to Directors shall vest as determined by the Board, in its discretion, and may vest immediately upon grant.

	(d)
	A
Director may make an election between November 1 and December 15 of each year to convert all or a portion of his/her Annual Retainer for the following calendar year
into Options; provided, however, that at the time the Director makes such an election, the Director meets the Company's stock ownership guidelines for Directors established by the Board from time to
time. 

5

 

	(1)
	Unless
otherwise determined by the Board, on the day that a Director who has elected to convert all or a portion of his/her Annual Retainer into Options otherwise would have
received payment of a portion of the Annual Retainer, the Director shall receive a number of Options equal to (x) four times the amount of the Annual Retainer to be converted into Options on
such date divided by (y) the Fair Market Value of the Common Stock on such date.

	(2)
	Unless
otherwise determined by the Board, Options granted under this Section 7(d) shall vest immediately and shall have a term of ten years.

	(3)
	A
Director shall not transfer or otherwise dispose of the shares acquired upon exercising an Option granted under this Section 7(d) earlier than one year following the date
of the exercise (except that a Director may dispose of a number of shares sufficient to pay the exercise price and any taxes withheld in connection with such exercise).

	(e)
	If
a Director is removed from office by the Company's shareholders, is not nominated for reelection by the Board or is nominated by the Board but is not reelected by the Company's
shareholders, then the Options granted hereunder will expire one year after the date of removal or failure to be elected unless by their terms they expire sooner.

	(f)
	If
the Director retires at or after age 65, or retires prior to age 65 with the consent of the Committee, the Options granted hereunder will continue to vest, be exercisable and
expire in accordance with their terms.

	(g)
	If
the Director dies or becomes permanently and totally disabled while serving in such capacity, the Options granted hereunder will expire five years after the date of death or
permanent and total disability unless by their terms they expire sooner.

	(h)
	If
the Director dies or becomes permanently and totally disabled within the one-year period referred to in Section 7(e), the Options granted hereunder will expire
one year after the date of death or permanent and total disability unless by their terms they expire sooner. If the Director dies or becomes permanently and totally disabled within the
five-year period referred to in Section 7(g), the Options granted hereunder will expire upon the later of the end of such five-year period or one year after the date of
death or permanent and total disability unless by their terms they expire sooner. 

8.  Terms and Conditions of Restricted Stock.  

	(a)
	The
Committee shall determine in its discretion the vesting period and any additional restrictions and conditions for Restricted Stock.

	(b)
	Restricted
Stock shall consist of Common Stock and shall be represented by stock certificates registered in the name of the Participant. The Participant shall have all rights of a
shareholder prior to the vesting of a grant of Restricted Stock, including the right to vote the shares and receive all dividends and other distributions paid or made with respect thereto.

	(c)
	Unless
otherwise determined by the Committee, Restricted Stock may not be transferred, assigned or made subject to any encumbrance, pledge or charge until such Restricted Stock has
vested and any other restrictions or conditions on such Restricted Stock are removed, have been satisfied or expire.

	(d)
	The
certificates representing a grant of Restricted Stock will remain in the physical custody of the Company until such Restricted Stock has vested and any other restrictions or
conditions on such Restricted Stock are removed, have been satisfied or expire.

	(e)
	The
Committee may impose such other conditions on any Restricted Stock granted pursuant to the Plan as it may deem advisable, including, without limitation, restrictions under the 

6

 

Securities
Act of 1933, as amended, under the requirements of any stock exchange on which the Common Stock is then listed and under any blue sky or other securities laws applicable to such Restricted
Stock. 

	(f)
	Restricted
Stock with vesting tied to a Performance Criterion or Performance Criteria shall have a minimum vesting period of at least one year. All other Restricted Stock shall
have a minimum vesting period of at least three years. 

9.  Terms and Conditions of Appreciation Rights.  

	(a)
	The
Committee may grant an Appreciation Right in connection with or without relationship to an Option. An Appreciation Right granted with relationship to an Option may be granted at
the time the Option is granted or at any time thereafter during the term of the Option.

	(b)
	An
Appreciation Right granted in connection with an Option will entitle the holder, upon exercise, to surrender such Option or any portion thereof, to the extent unexercised, with
respect to the number of shares as to which such Appreciation Right is exercised, and to receive payment of an amount computed pursuant to Section 9(d). Such Option will cease to be exercisable
to the extent and when surrendered.

	(c)
	Subject
to Section 9(h), an Appreciation Right granted in connection with an Option hereunder will be exercisable at such time or times, and only to the extent, that a
related Option is exercisable, will expire no later than the related Option expires and will not be transferable except to the extent that such related Option may be transferable.

	(d)
	Upon
the exercise of an Appreciation Right granted in connection with an Option, the holder will be entitled to receive, at the Committee's discretion, (1) a cash payment
determined by multiplying (A) the difference obtained by subtracting (i) the exercise price of the related Option from (ii) the Fair Market Value of a share of Common Stock on the
date of exercise of such Appreciation Right, by (B) the number of shares as to which such Appreciation Right is being exercised, or (2) a number of whole shares of Common Stock
determined by dividing (A) the dollar amount calculated in (1) above by
(B) the Fair Market Value of a share of Common Stock on the date of exercise of such Appreciation Right.

	(e)
	An
Appreciation Right granted without relationship to an Option will be exercisable for the period of time determined by the Committee, which shall not exceed 10 years from
the date of grant.

	(f)
	An
Appreciation Right granted without relationship to an Option will specify the number of shares to which it relates and will entitle the holder, upon exercise of the Appreciation
Right, to receive, at the Committee's discretion, (1) a cash payment of an amount determined by multiplying (A) the difference obtained by subtracting (i) the amount assigned to
the Appreciation Right by the Committee on the date of grant (which shall not be less than the Fair Market Value of a share of Common Stock on the date of grant) from (ii) the Fair Market Value
of a share of Common Stock on the date of exercise of such Appreciation Right, by (B) the number of shares as to which such Appreciation Right will have been exercised, or (2) a number
of whole shares of Common Stock determined by dividing (A) the dollar amount calculated in (1) above by (B) the Fair Market Value of a share of Common Stock on the date of
exercise of such Appreciation Right.

	(g)
	At
the time an Appreciation Right is granted, the Committee may determine the maximum amount payable with respect to such Appreciation Right; provided, however, that such maximum
amount shall in no event be greater than the amount determined in accordance with Section 9(d) or 9(f), as the case may be. 

7

 

	(h)
	An
Appreciation Right granted in connection with an Incentive Stock Option may be exercised only when the market price of the Common Stock subject to the Incentive Stock Option
exceeds the exercise price set forth in the Incentive Stock Option. 

10. Terms and Conditions of Performance Units.  

	(a)
	The
value of Performance Units may be measured in whole or in part by the value of shares of Common Stock, the performance of the Participant, the performance of the Company or any
Business Unit or any combination thereof. Such Performance Unit shall be payable in cash and/or shares of Common Stock as determined by the Committee.

	(b)
	At
the time of a Performance Unit grant, the Committee shall determine a performance period applicable to the Performance Unit, one or more Performance Goals to be achieved during
the applicable performance period and a schedule indicating the value of a Performance Unit at various levels of performance relative to the Performance Goal(s). No performance period shall be less
than one year nor shall it exceed 10 years from the date of the grant. At the end of the applicable performance period, the Committee shall determine the extent to which a Performance Goal(s)
have been attained in order to establish the amount of cash payment to be made, or the number of shares of Common Stock to be issued, if any. The number of shares of Common Stock issued upon
attainment of a Performance Goal(s) shall be determined by dividing the value of the Performance Unit by the Fair Market Value of a share of Common Stock on the date such payment is to be made.

	(c)
	The
Performance Goals applicable to a Performance Unit grant may be subject to such later revisions as the Committee shall deem appropriate to reflect significant unforeseen events
such as changes in laws, regulations or accounting practices, or unusual or nonrecurring items or occurrences.

	(d)
	Performance
Units shall be subject to such other restrictions and conditions as the Committee shall determine. 

8

   11. Terms and Conditions of Restricted Units. 

	(a)
	Restricted
Units may be granted under the Plan based on a Participant's continued employment with the Company. Such Restricted Unit shall be payable in cash and/or shares of Common
Stock as determined by the Committee.

	(b)
	At
the time a Restricted Unit is granted, the Committee shall determine the vesting period. No vesting period shall be less than three years nor greater than 10 years from
the date of the grant. The Committee may establish a maximum value for a Restricted Unit at the time of grant.

	(c)
	If
the Restricted Unit is payable in cash, a cash amount equivalent in value to the Fair Market Value of one share of Common Stock on the last day of the vesting period, subject to
any maximum value determined by the Committee at the time of grant, shall be paid with respect to each such Restricted Unit granted to a Participant. If the Restricted Unit is payable in shares of
Common Stock, one share of Common Stock, subject to any maximum value determined by the Committee at the time of grant, shall be issued with respect to each such Restricted Unit granted to the
Participant.

	(d)
	A
Restricted Unit grant may be made subject to such later revisions as the Committee shall deem appropriate to reflect significant unforeseen events such as changes in laws,
regulations or accounting practices, or unusual or nonrecurring items or occurrences.

	(e)
	Restricted
Units shall be subject to such other restrictions and conditions as the Committee shall determine. 

12. Section 162(m) Awards. 

    Without
limiting the generality of the foregoing, Restricted Stock, Performance Units and Restricted Units referred to in Sections 8, 10 and 11, respectively, may be granted as awards
that satisfy the additional requirements of this Section 12 so as to qualify for exemption as "performance-based compensation" within the meaning of Section 162(m). Any such award shall
be designated as a Section 162(m) Award at the time of grant. 

	(a)
	Eligible Class. The eligible class of persons for Section 162(m) Awards shall be all Eligible Persons.

	(b)
	Performance Goals. A Participant's right to receive any payment with respect to an Incentive Award designated as a
Section 162(m) Award shall be determined by the degree Performance Goal(s) is/are achieved. The specific Performance Goal(s) with respect to a Section 162(m) Award must be established by
the Committee in accordance with Section 162(m). Notwithstanding anything in the Plan to the contrary (other than Section 14(d)), as and to the extent required by Section 162(m),
the Performance Goal(s) must state, in terms of an objective formula or standard, the method of computing the amount of compensation payable to the Participant if the Performance Goal(s) is attained,
and must not allow the Committee nor the Board to use its discretion to increase the amount of compensation payable that otherwise would be due upon attainment of the Performance Goal(s).

	(c)
	Committee Certification. Before any Section 162(m) Award is paid to a Participant, the Committee must certify in writing (by
resolution or otherwise) that the applicable Performance Goal(s) and any other material terms of the Section 162(m) Award were satisfied; provided, however, that a Section 162(m) Award
may be paid without regard to the satisfaction of the applicable Performance Goal(s) (and the requirements of Section 162(m)) in the event of a Change in Control as provided in
Section 14(d). 

9

 

	(d)
	Terms And Conditions of Awards; Committee Discretion to Reduce Awards. The Committee shall have discretion to determine the
conditions, restrictions or other limitations, in accordance with the terms of this Plan and Section 162(m), on the payment of individual Section 162(m) Awards. Unless otherwise provided
in a Section 162(m) Award agreement, the Committee reserves the right to reduce the amount otherwise payable under a Section 162(m) Award on any basis (including the Committee's
discretion).

	(e)
	Adjustments For Material Changes. As and to the extent permitted by Section 162(m), in the event of (1) a change in
corporate capitalization, a corporate transaction or a complete or partial corporate liquidation, or (2) any extraordinary gain or loss or other event that is treated for accounting purposes as
an extraordinary item under generally accepted accounting principles, or (3) any material change in accounting policies or practices affecting the Company and/or the Performance Goal(s), then,
to the extent any of the foregoing events was not anticipated at the time the Performance Goal(s) was established, the Committee may make adjustments to the Performance Goal(s), based solely on
objective criteria, so as to neutralize the effect of the event on the applicable Section 162(m) Award.

	(f)
	Interpretation. It is the intent of the Company that the Section 162(m) Awards satisfy, and be interpreted in a manner that
satisfy, the applicable requirements of Section 162(m), including the requirements for performance-based compensation under Section 162(m)(4)(C), so that the Company's
tax deduction for remuneration in respect of such an award for services performed by employees of the Company who are subject to Section 162(m) is not disallowed in whole or in part by the
operation of such Code section. If any provision of this Plan otherwise would frustrate or conflict with the intent expressed in this Section 12, that provision, to the extent possible, shall
be interpreted and deemed amended so as to avoid such conflict. To the extent of any remaining irreconcilable conflict with such intent, such provision shall be deemed void as applicable to such
employees with respect to whom such conflict exists. Nothing herein shall be interpreted so as to preclude any Eligible Person from receiving an award that is not a Section 162(m) Award. 

13. Limits on Awards.  

The
maximum number of shares of Common Stock or stock units underlying Incentive Awards that may be granted to any Eligible Person during any period of five consecutive fiscal years of the Company,
beginning with fiscal year 2002, shall not exceed an average of 1,000,000 shares per year, either individually or in the aggregate, with respect to all such types of awards, with such number of shares
subject to adjustment on the same basis as provided in Section 14. To the extent required by Section 162(m), awards subject to the foregoing limit that are cancelled shall not again be
available for grant under this limit. The maximum dollar amount of cash compensation in respect of Performance Units that may be paid to any Eligible Person during any period of five consecutive
fiscal years of the Company, beginning with fiscal year 2002, shall not exceed an annual average of $5,000,000. 

14. Adjustment Provisions. 

	(a)
	Subject
to Section 14(b), if the outstanding shares of Common Stock of the Company are increased, decreased, or exchanged for a different number or kind of shares or other
securities, or if additional shares or new or different shares or other securities are distributed with respect to such shares of Common Stock, through merger, consolidation, spin off, sale of all or
substantially all the property of the Company, reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split or other distribution with respect to such shares of
Common Stock, or other securities, the Committee may make an appropriate and proportionate adjustment in (1) the maximum number and kind of shares 

10

 

provided
in Section 3, (2) the maximum number and kind of shares provided in Section 13, (3) the number and kind of shares, units, or other securities subject to
then-outstanding Incentive Awards, and (4) the exercise or other price for each share or unit subject to then-outstanding Incentive Awards
without change in the aggregate purchase price or value as to which such Incentive Awards remain exercisable or subject to restrictions. 

	(b)
	Notwithstanding
the provisions of Section 14(a), upon dissolution or liquidation of the Company or upon a reorganization, merger, or consolidation of the Company with one or
more corporations as a result of which the Company is not the surviving corporation or survives as a subsidiary of another corporation, or upon the sale of all or substantially all the property of the
Company, all Incentive Awards then outstanding under the Plan will be fully vested and exercisable and all restrictions will immediately cease, unless provisions are made in connection with such
transaction for the continuance of the Plan or the assumption or the substitution for such Incentive Awards of new incentive awards covering the stock of a successor corporation, or a parent or
subsidiary thereof, with appropriate adjustments as to the number and kind of shares and prices.

	(c)
	Adjustments
under Sections 14(a) and (b) will be made by the Committee, whose determination as to what adjustments will be made and the extent thereof will be final, binding
and conclusive. No fractional interest will be issued under the Plan on account of any such adjustments.

	(d)
	Notwithstanding
any provision herein to the contrary, in the event a Change of Control occurs, (1) all Options held by Directors will be fully vested and any restrictions
upon exercise in Section 7 will immediately cease, and (2) the Committee may, in its sole discretion, without obtaining shareholder approval, take any one or more of the following
actions with respect to all Participants other than Directors:

	(A)
	Accelerate
the vesting and/or performance periods of, or where applicable make fully payable, any outstanding Incentive Awards;

	(B)
	Determine
that all or any portion of conditions and/or restrictions associated with any Incentive Award have been met;

	(C)
	Grant
a cash bonus award to any of the holders of outstanding Options, except the holders of outstanding Options that meet the requirements of Section 162(m);

	(D)
	Grant
Appreciation Rights to holders of outstanding Options;

	(E)
	Pay
cash to any or all Option holders in exchange for the cancellation of their outstanding Options;

	(F)
	Make
any other adjustments or amendments to the Plan and outstanding Incentive Awards and substitute new Incentive Awards. 

15. General Provisions. 

	(a)
	Nothing
in the Plan or in any instrument executed pursuant to the Plan will confer upon any Participant who is an Employee, Director, consultant or advisor any right to continue in
the employ or service of the Company or any of its subsidiaries or affect the right of the Company to terminate the employment of any Employee, terminate the consulting or advisory services of any
Participant at any time with or without cause, or the right of the Company's shareholders to remove any Director from office in accordance with the Company's Bylaws.

	(b)
	No
shares of Common Stock will be issued or transferred pursuant to an Incentive Award unless and until all then-applicable requirements imposed by federal and state
securities and 

11

 

other
laws, rules and regulations and by any regulatory agencies having jurisdiction, and by any stock exchanges upon which the Common Stock may be listed, have been fully met. As a condition
precedent to the issuance of shares pursuant to the grant or exercise of an Incentive Award, the Company may require the Participant to take any reasonable action to meet such requirements. 

	(c)
	No
Participant and no beneficiary or other person claiming under or through such Participant will have any right, title or interest in or to any shares of Common Stock allocated or
reserved under the Plan or subject to any Incentive Award except as to such shares of Common Stock, if any, that have been issued or transferred to such Participant.

	(d)
	The
Company shall have the right to deduct from any settlement, including the delivery or vesting of Incentive Awards, made under the Plan any federal, state or local taxes of any
kind required by law to be withheld with respect to such payments or take such other action as may be necessary in the opinion of the Company to satisfy all obligations for the payment of such taxes.
With respect to an Incentive Award, the Committee may, in its discretion, permit the Participant to satisfy, in whole or in part, any tax withholding obligation which may arise in connection with the
exercise of the Incentive Award by electing to have the Company withhold shares of Common Stock having a Fair Market Value equal to the amount of the tax withholding.

	(e)
	Except
with the prior written consent of the Committee, Incentive Awards granted under the Plan, shall not be transferable other than (1) by will or the laws of descent and
distribution, (2) pursuant to a qualified domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act, or the rules thereunder, or (3) by
gift, and not for value, during the Participant's lifetime to a revocable trust that has the same taxpayer identification number as the Participant and of which the Participant is the trustee, but
only if such gift (A) would not result in the Company losing all or any part of the tax deduction to which it would be entitled, (B) does not otherwise adversely affect the interests of
the Company as determined by the Committee, and (C) complies with all rules and regulations regarding such gifts established by the Company from time to time. The Committee in its own
discretion may permit other transfers of Incentive Awards and may establish guidelines pursuant to which other transfers will be permissible.

	(f)
	The
Company may make a loan to a Participant in connection with the exercise of an Option in an amount not to exceed the aggregate exercise price of the Option being exercised and
the amount of any federal and state taxes payable in connection with such exercise for the purpose of assisting such Participant to exercise such Option. Any such loan may be secured by shares of
Common Stock or other collateral deemed adequate by the Committee and will comply in all respects with all applicable laws and regulations. The Committee may adopt policies regarding eligibility for
such loans, the maximum amounts thereof and any terms and conditions not specified in the Plan upon which such loans will be made. Such loans will bear interest at a rate determined by the Committee.

	(g)
	The
forms of Incentive Awards granted under the Plan may contain such other provisions as the Committee may deem advisable. 

12

 

16. Termination of Incentive Awards  

	(a)
	Unless
otherwise determined by the Committee, an Appreciation Right or an Option held by a person who was an Employee at the time such Appreciation Right or Option was granted will
expire immediately if and when such person ceases to be an Employee, except as follows:

	(1)
	If
the employment of an Employee is terminated by the Company other than for cause, for which the Company will be the sole judge, then the Appreciation Rights and Options will
expire three months thereafter unless by their terms they expire sooner. During said period, the Appreciation Rights and Options may be exercised in accordance with their terms, but only to the extent
exercisable on the date of termination of employment.

	(2)
	If
the Employee retires at normal retirement age as determined by the Company from time to time, retires with the consent of the Company at an earlier date or becomes permanently
and totally disabled, as determined by the Committee, while employed by the Company, the Appreciation Rights and Options of the Employee will continue to vest, be exercisable and expire in accordance
with their terms.

	(3)
	If
an Employee dies while employed by the Company, the Appreciation Rights and Options of the Employee will become fully exercisable as of the date of death and will expire three
years after the date of death unless by their terms they expire sooner. If the Employee dies or becomes permanently and totally disabled as determined by the Committee within the three months referred
to in subparagraph (1) above, the Appreciation Rights and Options will become fully exercisable as of the date of death or such permanent disability and will expire, in the case of death, one
year after the date of such death. In the case of permanent and total disability such Options and Appreciation Rights will expire in accordance with their terms. If the Employee dies or becomes
permanently and totally disabled as determined by the Committee subsequent to the time the Employee retires at normal retirement age or retires with the consent of the Company at an earlier date, the
Appreciation Rights and Options will fully vest as of the date of death or permanent and total disability and will expire, in the case of death, one year after the date of death. In the case of
permanent and total disability, such Appreciation Rights and Options will expire in accordance with their terms. 

	(b)
	Unless
otherwise determined by the Committee, in the event an Employee who holds Restricted Stock, Performance Units or Restricted Units (including any such award designated as a
Section 162(m) Award) ceases to be an Employee, all such Restricted Stock, Performance Units or Restricted Units subject to restrictions at the time his/her employment terminates will expire,
terminate and be cancelled except as follows:

	(1)
	In
the event the holder of Restricted Stock or Restricted Units ceases to be an Employee due to death, all such Restricted Stock or Restricted Units subject to restrictions at the
time his/her employment terminates will no longer be subject to said restrictions.

	(2)
	If
an Employee retires at normal retirement age as determined by the Company from time to time or retires with the consent of the Company at an earlier date or becomes permanently
and totally disabled as determined by the Committee, all such Restricted Stock, Performance Units or Restricted Units will continue to vest over the applicable vesting or performance period provided
that during these periods such Employee does not engage in or assist any business that the Company, in its sole discretion, determines to be in competition with any business conducted by the Company
or any of its Business Units.

	(3)
	In
the event a holder of Performance Units ceases to be an Employee prior to the end of a performance period applicable thereto, the Committee in its sole discretion shall 

13

 

determine
whether to make any payment to the Participant in respect of such Performance Unit and the timing of such payment, if any. 

	(c)
	Unless
otherwise determined by the Committee, in the event the engagement by the Company of a Participant who is an advisor or consultant, but not an Employee or Director, ceases
for any reason (whether terminated by the Company or the Participant), the Participant's unvested Appreciation Rights or Options shall not vest and the Participant's unexercised but vested
Appreciation Rights or Options will expire and become unexercisable 90 days after termination. The Participant's Restricted Stock, Performance Units or Restricted Units subject to restrictions
at the time the engagement ceases will expire, terminate and be cancelled

	(d)
	The
Committee in its sole discretion may determine that any Participant who is on leave of absence for any reason will be considered as still in the employ or service of the Company
with respect to any Incentive Award; provided, however, that such Participant's rights to such Incentive Award during a leave of absence will be limited to the extent to which such Incentive Aware was
earned or vested at the commencement of such leave of absence. 

17. Amendment and Termination  

	(a)
	The
Committee shall have the power, in its discretion, to amend, suspend or terminate the Plan at any time. The Committee may not make amendments to the Plan that increase the
benefits available under the Plan in any material respect, including, without limitation, (1) amending the provisions of Section 6(a), (2) increasing the number of shares of
Common Stock that may be issued, transferred or exercised pursuant to Incentive Awards under the Plan, or (3) changing the types or terms of Incentive Awards that may be made under the Plan,
without the approval of the shareholders of the Company.

	(b)
	Subject
to Section 6(a), the Committee, with the consent of a Participant, may make such modifications in the terms and conditions of an Incentive Award as it deems
advisable. Notwithstanding the foregoing, only the Board, with the consent of a Director, may make modifications in the terms and conditions of an Option granted to a Director.

	(c)
	No
amendment, suspension or termination of the Plan will, without the consent of the Participant, alter, terminate, impair or adversely affect any right or obligation under any
Incentive Award previously granted under the Plan. 

18. Effective Date of the Plan and Duration of the Plan. 

    This
Plan will become effective upon adoption by the Board subject to approval by the holders of a majority of the shares which are represented in person or by proxy and entitled to
vote on the subject at the Annual Meeting of Shareholders of the Company to be held on October 10, 2001 (or on such other date as may be determined by the Board). Unless previously terminated,
the Plan will terminate on October 10, 2011 except with respect to Incentive Awards then outstanding. 

14

QuickLinks

Exhibit 10(a)

TENET HEALTHCARE CORPORATION 2001 STOCK INCENTIVE PLAN

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