Document:

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                  GENWORTH LIFE AND ANNUITY INSURANCE COMPANY

                           DEATH BENEFIT ENDORSEMENT

This endorsement amends [Proceeds When Death Occurs Before Income Payments
Begin], under the DEATH PROVISIONS section of the Contract by adding the
following language:

Notwithstanding the [Designated Beneficiary] paragraph, the Owner may, by
providing written notice in a manner acceptable to the Company, choose the
method of payment of death proceeds under the Contract by selecting any Payment
Choice, including any Optional Payment Plan, that the Designated
Beneficiary(ies) may have chosen. The Designated Beneficiaries cannot change
any Payment Choice that the Owner has selected. If the Owner makes a Payment
Choice for the surviving spouse, the spouse may not continue the Contract in
accordance with the [Distribution Rules When Death Occurs Before Income
Payments Begin] paragraph. The Owner may also specify at the time of electing
an Income Payment Option that any payments remaining to be made at the Owner's
death cannot be commuted or assigned. While living, the Owner may revoke any
such limitations on the rights of the Designated Beneficiary by providing
written notice of such revocation in a manner acceptable to the Company. If the
Payment Choice selected by the Owner does not apply to a Designated
Beneficiary, the limitations imposed by this Endorsement shall be removed as to
such Designated Beneficiary. For example, a Payment Choice based on an
individual's life does not apply to the Owner's estate and the estate would be
free to make its own Payment Choice as Designated Beneficiary after the Owner's
death.

For Genworth Life and Annuity Insurance Company,

                              /s/ Pamela S. Schutz
                              --------------------
                                Pamela S. Schutz
                                   President

 P5360 07/07                          1<PAGE>

                  GENWORTH LIFE AND ANNUITY INSURANCE COMPANY
                             ANNUITANT ENDORSEMENT

This endorsement is effective on the Contract Date.

The Contract to which this endorsement is attached is amended by deleting the
Annuitant provision in its entirety and replacing it with the following:

Annuitant

An Annuitant must be named and may be a person other than the Owner. However,
the Annuitant must be related to the Owner by blood, marriage or law. If the
Annuitant dies before the Annuity Commencement Date and the Owner and Annuitant
are different individuals, the Owner(s) will become the new Annuitant(s).

A Joint Annuitant may be named. Annuitants must be related by blood, marriage
or law. If any Annuitant dies before the Annuity Commencement Date and the
surviving Owner is not a non-natural entity, the selected payment option will
change to a single Annuitant plan. If any Annuitant dies before the Annuity
Commencement Date and the Owner is a non-natural entity, the selected payment
option will end.

For Genworth Life and Annuity Insurance Company,

                              /s/ Pamela S. Schutz
                              --------------------
                                Pamela S. Schutz
                                   President

                                      1Employment Agreement between the Company and Clarence M. McAninch

 EXHIBIT 10.3 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT made as of the 1st day of February 2008, by and between
UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC., a Delaware corporation (the “Company”), and Clarence M. McAninch (the “Employee”). 
 WITNESSETH: 
 In consideration of the covenants and agreements herein contained, and intending to be
legally bound hereby, the Company and Employee agree as follows: 
 Article 1. - Employment 
 1.1. Employment. The Company agrees to employ Employee, and Employee agrees to serve the Company, for the period stated in Article 2 hereof (the
“Term of Employment”) and upon the other terms and conditions herein provided. 
 1.2. Position and Responsibilities. The
Company employs Employee, and Employee agrees to serve at the direction of the Board of Directors of the Company during the Term of Employment. 
 1.3. Duties. During the Term of Employment, Employee shall devote all of his business time, attention, skill and efforts to the faithful performance of his duties hereunder. 
 Article 2. - Term 
 The term (the “Term”) of this Agreement
shall commence on the date hereof and expire on May 20, 2008, unless this Agreement shall have been sooner terminated as hereinafter set forth. 
 Article 3. - Compensation 
 3.1. Salary. As compensation to the Employee for the performance of services
hereunder, the Company shall pay to the Employee a base monthly salary (the “Salary”) of $17,250.00. Installments of the Salary shall be paid to the Employee in accordance with the standard procedure of the Company, which at the present
time is once every two weeks. During the period of this Agreement, 
 3.2. Reimbursement of Expenses. The Company will reimburse the
Employee for those customary and necessary business expenses incurred by him in the performance of his duties and activities on behalf of the Company. Except as provided in this Agreement, such expenses will be reimbursed only on presentation by the
Employee of appropriate documentation to substantiate such expenses pursuant to the policies and procedures of the Company governing reimbursement of business expenses to its Employees. 
 3.3. Participation in Plans. The Employee shall be entitled to participate in any life, medical, dental, health, hospitalization, travel, accident
and/or disability insurance plans and in any 

  

 McAninch Empl Agmt 

 
sick leave and/or salary continuation plan, vacation, holiday pay, retirement or employee benefit plan or program generally offered by the Company to its
salaried employees. Employee may remain in the employee group health care plan until May 31, 2008. 
 Article 4. - Termination of
Employment 
 4.1. Definitions. For the purposes hereof: 
 (a) “Disability” shall be deemed to have occurred when the Employee is eligible, due to a health condition, to collect benefits under the
Company’s short term disability plan and has been determined by the Board of Directors to be unable to perform substantially the duties associated with the Employees position for a period of three months. 
 (b) “Cause” shall mean any of the following: (i) Employee's personal dishonesty or willful misconduct; (ii) Employee's willful
violation of any law or material rule or regulation, provided that such violation is demonstrably injurious to the assets, operations or business prospects of the Company; (iii) the conversion or embezzlement for the personal benefit of the
Employee of corporate funds or property or a material business opportunity of the Company; (iv) the misuse by the Employee for his personal benefit of any trade secrets or other information of the Company in violation of the provisions of
Article 7 of this Agreement; or (v) Employee's material breach of any other provision of this Agreement which is not cured within thirty (30) days of receipt of notice of such breach from Company. 
 (c) “Good Reason” shall, absent the Employee’s consent to such action, mean the occurrence of any one of the following:
(i) any breach by the Company of a material obligation under this Agreement; (ii) a material reduction by the Company in the Employee’s Salary, except for proportional across-the-board salary reductions similarly affecting all
Employees of the Company; or (iii) any material reduction by the Company of the benefits, taken as a whole, enjoyed by the Employee on the date of this Agreement under any savings, life insurance, medical, health and accident, disability or
other employee welfare benefit plans or programs, including vacation programs, provided that this paragraph (iii) shall not apply to any proportional across the board reduction or action similarly affecting all senior Employees of the Company.

 Notwithstanding the foregoing, no event of “Good Reason” shall be deemed to have occurred unless Employee provides to the Chairman of the
Compensation Committee of the Board of Directors of the Company written notice of the facts and circumstances which Employee believes constitutes Good Reason under this Section 4.1(c) within 30 days of such initial occurrence and such facts and
circumstances are not corrected or otherwise cured by the Company within thirty (30) days of receipt thereof. Termination by Employee for Good Reason must occur within 90 days of the initial occurrence of the Good Reason event. 
 (d) “Notice of Termination” shall mean written notice which shall indicate the specific termination or resignation provisions in this
Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for such termination or resignation under the provision so indicated and the Company shall submit to the Employee a certified
statement signed by the Chairman of the Compensation Committee of the Board of Directors of the Company approving such termination in the case of a Termination by the Company for Cause or Without Cause. 
  

 McAninch Empl Agmt 

 (e) “Date of Termination” shall mean the date specified in the Notice of Termination as
the effective date the Employee’s employment is terminated for any reason or the Employee’s effective date of resignation, which ever is earlier. 
 Article 5. - Compensation Upon Termination 
 5.1. Death. If the Employee’s
employment hereunder terminates by reason of his death, his beneficiaries shall be entitled to receive from the Company such amounts as are then provided pursuant to plans, programs or arrangements currently in effect or as approved from time to
time by the Board of Directors. 
 5.2. Disability. If the Employee’s employment hereunder terminates by reason of his
Disability, the Employee shall be entitled to receive such amounts as are then provided pursuant to Company’s then existing disability plans, programs or arrangements. Notwithstanding any provisions herein to the contrary, the Employee shall be
entitled to receive all benefits to which the Employee is entitled as a terminated employee under the terms of any of the Company’s qualified employee benefit plans and any other plan, program or arrangement relating to retirement or other
benefits including, without limitation, any employee stock ownership plan or any plan now in effect or which is established (with approval of the Board of Directors) as a supplement to any of the aforenamed plans, except as otherwise provided in
such plans as a result of the Employee’s termination of employment. 
 5.3. Cause. If the Employee’s employment hereunder is
terminated by the Company for Cause, the Company shall pay to the Employee his full base Salary through the Date of Termination but at a rate no greater than that in effect at the time Notice of Termination is given, and the Company shall have no
further obligations to the Employee under this Agreement. 
 5.4. By the Company Without Cause or by the Employee by Resignation for Good
Reason. If the Employee’s employment hereunder is terminated by the Company without Cause or is terminated by the Employee pursuant to his resignation for Good Reason, then the Employee shall be entitled to the benefits provided below,
which shall constitute complete satisfaction of the obligations of the Company to the Employee under this Agreement: 
 (a) The Company shall
pay the Employee his full base Salary through the Date of Termination at the rate in effect at the time Notice of Termination is given. 
 (b) Subsequent to the Date of Termination, the Company shall pay as severance pay to the Employee, his full base salary through May 20, 2008, at the rate in effect at the time Notice of Termination is given, paid on the Company’s
regular pay date schedule. Such payment shall be less applicable taxes and mandatory deductions. 
 (c) The Company will provide health care
benefits under the group policies covering the other corporate employees covering Medical, Dental, Vision and Prescription Drugs, subject to any changes made to the group policies, as provided prior to the Date of Termination for the Employee and
eligible dependents, that were covered prior to any Date of Termination, until May 31, 2008 at no cost to the Employee. This period will not reduce the eligible COBRA period. 
 (d) The Employee shall not be required to mitigate the amount of any payments provided for in this Agreement by seeking other employment or otherwise,
nor shall the amount of any payment provided for in this Agreement be reduced by any compensation earned by the Employee as the result of employment by another employer, or otherwise. 
  

 McAninch Empl Agmt 

 (e) Notwithstanding any provisions herein to the contrary, the Employee shall be entitled to receive all
benefits to which the Employee is entitled as a terminated employee under the terms of any of the Company’s qualified employee benefit plans and any other plan, program or arrangement relating to retirement or other benefits including, without
limitation, any employee stock ownership plan or any plan now in effect or which is established (with approval of the Board of Directors) as a supplement to any of the aforenamed plans, except as otherwise provided in such plans as a result of the
Employee’s termination of employment. 
 Article 6. - Duties of Employee After 
 Termination of Employment 
 Following any termination of Employee’s employment and for a period of ninety (90) days thereafter, the Employee shall fully cooperate with the Company in all matters relating to the winding up and orderly transfer of the
Employee’s work on behalf of the Company. Not later than the effective date of any termination of the employment, the Employee will immediately deliver to the Company any and all of the Company’s property of any kind or nature whatsoever
in the Employee’s possession, custody or control, including, without limitation any and all Confidential Information as that term is defined in Section 7 of this Agreement. 
 Article 7. - Confidential Information; Invention Assignment 
 7.1.
Confidential Relationship. Employee understands and agrees that all company manuals, company policies, marketing plans and surveys, product designs, schematics, specifications and product location and installation data, formulae, processes,
methods, machines, compositions, customer information, ideas, inventions, financial information and plans of the Company and all records, correspondence, files, customer lists, data and other information pertaining to or concerning the Company, its
principals, vendors and customers (collectively the “Confidential Information”) contain valuable confidential information that is owned by the Company, and, therefore, that during the period of employment hereunder and at all times
thereafter, Employee shall not utilize such Confidential Information for his own benefit or for the benefit of any person or entity other than the Company, nor shall he divulge or communicate any such Confidential Information to any person or entity
without the express authorization of the Company. Confidential Information shall not include any information that is or becomes generally available to the public other than as a result of a disclosure by Employee. The Employee agrees that, on the
termination of his employment, he will immediately surrender to the Company any and all Confidential Information in his possession pertaining to the Company and its business. 
 7.2. Assignment of Rights. All inventions, discoveries, designs, developments, technology, computer programs, writings and reports that are made
or conceived of by the Employee in the course of his employment with the Company, whether or not patentable or copyrightable, shall become and remain the sole property of the Company without additional compensation to Employee. The Employee
recognizes that all such works shall be considered works-for-hire and hereby transfers and assigns any right, title, copyright and interest that Employee acquires in such works to the Company and will, from time to time, give the Company all
reasonable assistance, execute all papers and do all things that may reasonably be required to protect and preserve the rights of the Company in such works. 
  

 McAninch Empl Agmt 

 7.3. No Breach of Other Obligations. The Employee represents that, in the course of performing
services for the Company, he will not breach any agreement he may have with others with respect to confidential information, and will not bring to the Company or use in any way any materials or documents obtained from others under an agreement of
confidentiality. 
 Article 8. - Source of Payments 
 All payments provided for under this Agreement shall be paid in cash from the general funds of the Company and no special or separate fund shall be
established and no other segregation of assets shall be made to assure payment. No trust or fiduciary relationship with respect to payments shall be deemed created hereby and, to the extent that any person acquires a right to receive payments
hereunder, such right shall be no greater than the rights of a general creditor of the Company. 
 Article 9. - Miscellaneous 

 9.1. Indulgences, Etc. Neither the failure nor any delay on the part of either party to exercise any right, remedy, power or
privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege,
nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. 
 9.2. Notices. All notices or communications hereunder shall be in writing, addressed as follows: 
 To the Company: 
 Chairman of the Compensation
Committee 
 of the Board of Directors 
 c/o Universal Stainless & Alloy Products, Inc. 
 600 Mayer Street 
 Bridgeville, PA 15017 
 To the Employee:

 Clarence M. McAninch 
 113
Huron Drive 
 Carnegie, PA 15106 
 Any such
notice or communication shall be sent by certified or registered mail, return receipt requested, postage prepaid, addressed as above (or to such other address as such party may designate in writing from time to time), and the actual date of receipt,
as shown by the receipt therefor, shall determine the time at which notice was given. 
  

 McAninch Empl Agmt 

 9.3. Assignment; Agreement. This Agreement shall be binding upon and inure to the benefit of the
heirs and personal representatives of the Employee and the successors and assigns of the Company, but neither this Agreement nor any rights hereunder shall be assignable or otherwise subject to hypothecation by the Employee. 
 9.4. Entire Agreement; Amendment. This Agreement represents the entire agreement of the parties with respect to the subject matter hereof. This
Agreement may be amended or any provision hereof waived at any time only by written agreement of the parties hereto. 
 9.5. Governing
Law. This Agreement and its validity, interpretation, performance and enforcement shall be governed by the laws of the Commonwealth of Pennsylvania, other than the conflict of laws provisions of such laws. 
 9.6. Severability. If, for any reason, any provision of this Agreement is held invalid, such invalidity shall not affect any other provision of
this Agreement not held so invalid, and each such other provision shall to the full extent consistent with law continue in full force and effect. If any provision of this Agreement shall be held invalid in part, such invalidity shall in no way
affect the remainder of such provision that is not held so invalid, and the remainder of such provision, together with all other provisions of this Agreement, shall to the full extent consistent with law continue in full force and effect.

 9.7. Headings. The Article and Section headings in this Agreement are for convenience of reference only; they form no part of this
Agreement and shall not affect its interpretation. 
 9.8. Counterparts. This Agreement may be executed in one or more counterparts,
each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. 
 IN WITNESS
WHEREOF, the Company and the Employee have duly executed this Agreement as of the day and year first written above. 
  

			
	UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.
		
	By:	 	 /s/ Dennis M. Oates

	Title:	 	President and Chief Executive Officer
	
	EMPLOYEE
	
	 /s/ Clarence M. McAninch

	Clarence M. McAninch

  

 McAninch Empl Agmt

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