Document:

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                                                                    EXHIBIT 10.2

                            BUSINESS LOAN AGREEMENT

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<S>                                                          <C>
Borrower: Gerimed of America, Inc. (TIN: 84-1244056)         Lender:   Citywide Banks
          James F. Riopelle                                            PO Box 128
          333 W. Hampden Ave. #200                                     Aurora, CO 80040-0128
          Englewood, CO 80110                                          (303) 365-3600
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THIS BUSINESS LOAN AGREEMENT DATED MARCH 3, 2000, IS MADE AND EXECUTED BETWEEN
GERIMED OF AMERICA, INC.; AND JAMES F. RIOPELLE ("BORROWER") AND CITYWIDE BANKS
("LENDER") ON THE FOLLOWING TERMS AND CONDITIONS. BORROWER HAS RECEIVED PRIOR
COMMERCIAL LOANS FROM LENDER OR HAS APPLIED TO LENDER FOR A COMMERCIAL LOAN OR
LOANS OR OTHER FINANCIAL ACCOMMODATIONS, INCLUDING THOSE WHICH MAY BE DESCRIBED
ON ANY EXHIBIT OR SCHEDULE ATTACHED TO THIS AGREEMENT ("LOAN"). BORROWER
UNDERSTANDS AND AGREES THAT: (A) IN GRANTING, RENEWING, OR EXTENDING ANY LOAN,
LENDER IS RELYING UPON BORROWER'S REPRESENTATIONS, WARRANTIES, AND AGREEMENTS AS
SET FORTH IN THIS AGREEMENT, AND (B) ALL SUCH LOANS SHALL BE AND REMAIN SUBJECT
TO THE TERMS AND CONDITIONS OF THIS AGREEMENT.

TERM. This Agreement shall be effective as of March 3, 2000, and shall continue
in full force and effect until such time as all of Borrower's Loans in favor of
Lender have been paid in full, in principal, interest, costs, expenses,
attorneys' fees, and other fees and charges, or until June 1, 2000.

     COLLATERAL RECORDS. Borrower does now, and at all times hereafter shall,
     keep correct and accurate records of the Collateral, all of which records
     shall be available to Lender or Lender's representative upon demand for
     inspection and copying at any reasonable time. The above is an accurate and
     complete list of all locations at which Borrower keeps or maintains
     business records concerning Borrower's collateral.

     COLLATERAL SCHEDULES. Concurrently with the execution and delivery of this
     Agreement, Borrower shall execute and deliver to Lender schedules of in
     form and substance satisfactory to the Lender. Thereafter supplemental
     schedules shall be delivered according to the following schedule:

CONDITIONS PRECEDENT TO EACH ADVANCE. Lender's obligation to make the initial
Advance and each subsequent Advance under this Agreement shall be subject to the
fulfillment to Lender's satisfaction of all of the conditions set forth in this
Agreement and in the Related Documents.

     LOAN DOCUMENTS. Borrower shall provide to Lender the following documents
     for the Loan: (1) the Note; (2) together with all such Related Documents as
     Lender may require for the Loan; all in form and substance satisfactory to
     Lender and Lender's counsel.

     PAYMENT OF FEES AND EXPENSES. Borrower shall have paid to Lender all fees,
     charges, and other expenses which are then due and payable as specified in
     this Agreement or any Related Document.

     REPRESENTATIONS AND WARRANTIES. The representations and warranties set
     forth in this Agreement, in the Related Documents, and in any document or
     certificate delivered to Lender under this Agreement are true and correct.

     NO EVENT OF DEFAULT. There shall not exist at the time of any Advance a
     condition which would constitute an Event of Default under this Agreement
     or under any Related Document.

MULTIPLE BORROWERS. This Agreement has been executed by multiple obligors who
are referred to in this Agreement individually, collectively and interchangeably
as "Borrower." Unless specifically stated to the contrary, the word "Borrower"
as used in this Agreement, including without limitation all representations,
warranties and covenants, shall include all Borrowers. Borrower understands and
agrees that, with or without notice to any one Borrower, Lender may (A) make one
or more additional secured or unsecured loans or otherwise extend additional
credit with respect to any other Borrower; (B) with respect to any other
Borrower alter, compromise, renew, extend, accelerate, or otherwise change one
or more times the time for payment or other terms of any indebtedness, including
increases and decreases of the rate of interest on the indebtedness; (C)
exchange, enforce, waive, subordinate, fail or decide not to perfect, and
release any security, with or without the substitution of new collateral; (D)
release, substitute, agree not to sue, or deal with any one or more of
Borrower's or any other Borrower's sureties, endorsers, or other guarantors on
any terms or in any manner Borrower may choose; (E) determine how, when and what
application of payments and credits shall be made on any indebtedness; (F) apply
such security and direct the order or manner of sale of any Collateral,
including without limitation, any non-judicial sale permitted by the terms of
the controlling security agreement or deed of trust, as Lender in its discretion
may determine; (G) sell, transfer, assign or grant participations in all or any
part of the Loan; (H) exercise or refrain from exercising any rights against
Borrower or others, or otherwise act or refrain from acting; (I) settle or
compromise any indebtedness; and (J) subordinate the payment of all or any part
of any of Borrower's indebtedness to Lender to the payment of any liabilities
which may be due Lender or others.

REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Lender, as
of the date of this Agreement, as of the date of each disbursement of loan
proceeds, as of the date of any renewal, extension or modification of any Loan,
and at all times any indebtedness exists:

     ORGANIZATION. Gerimed of America, Inc. is a corporation for profit which
     is, and at all times shall be, duly organized, validly existing, and in
     good standing under and by virtue of the laws of the State of Colorado.
     Borrower is duly authorized to transact business in all other states in
     which Gerimed of America, Inc. is doing business, having obtained all
     necessary filings, governmental licenses and approvals for each state in
     which Gerimed of America, Inc. is doing business. Specifically, Gerimed of
     America, Inc. is, and at all times shall be, duly qualified as a foreign
     corporation in all states in which the failure to so qualify would have a
     material adverse effect on its business or financial condition. Gerimed of
     America, Inc. has the full power and authority to own its properties and to
     transact the business in which it is presently engaged or presently
     proposes to engage. Gerimed of America, Inc. maintains an office at 333 W.
     Hampden Ave. #200, Englewood, CO 80110. Unless Gerimed of America, Inc. has
     designated otherwise in writing, the principal office is the office at
     which Gerimed of America, Inc. keeps its books and records including its
     records concerning the Collateral. Gerimed of America, Inc. will notify
     Lender of any change in the location of Gerimed of America, Inc.'s
     principal office. Gerimed of America, Inc. shall do all things necessary to
     preserve and to keep in full force and effect its existence, rights and
     privileges, and shall comply with all regulations, rules, ordinances,
     statutes, orders and decrees of any governmental or quasi-governmental
     authority or court applicable to Gerimed of America, Inc. and Gerimed of
     America, Inc.'s business activities, James F. Riopelle is a which is, and
     at all times shall be, duly organized, validly existing, and in good
     standing under and by virtue of the laws of James F. Riopelle's state of
     organization. Borrower is duly authorized to transact business in the State
     of Colorado and all other states in which James F. Riopelle is doing
     business, having obtained all necessary filings, governmental licenses and
     approvals for each state in which James F. Riopelle is doing business.
     Specifically, James F. Riopelle is, and at all times shall be, duly
     qualified as a foreign in all states in which the failure to so qualify
     would have a material adverse effect on its business or financial
     condition. James F. Riopelle has the full power and authority to own its
     properties and to transact the business in which it is presently engaged or
     presently proposes to engage. James F. Riopelle maintains an office at 333
     W. Hampden Ave. #200, Englewood, CO 80110. Unless James F. Riopelle has
     designated otherwise in writing, the principal office is the office at
     which James F. Riopelle keeps its books and records including its records
     concerning the Collateral. James F. Riopelle will notify Lender of any
     change in the location of James F. Riopelle's principal office. James F.
     Riopelle shall do all things necessary to preserve and to keep in full
     force and effect its existence, rights and privileges, and shall comply
     with all regulations, rules, ordinances, statutes, orders and decrees of
     any governmental or quasi-governmental authority or court applicable to
     James F. Riopelle and James F. Riopelle's business activities.

     ASSUMED BUSINESS NAMES. Borrower has filed or recorded all documents or
     filings required by law relating to all assumed business names used by
     Borrower. Excluding the name of Borrower, the following is a complete list
     of all assumed business names under which Borrower does business: None.

     AUTHORIZATION. Borrower's execution, delivery, and performance of this
     Agreement and all the Related Documents have been duly authorized by all
     necessary action by Borrower and do not conflict with, result in a
     violation of, or constitute a default under (1) any provision of James F.
     Riopelle's articles of incorporation or organization, or bylaws, or any
     agreement or other instrument binding upon Borrower or (2) any law,
     governmental regulation, court decree, or order applicable to Borrower or
     to Borrower's properties.

     FINANCIAL INFORMATION. Each of Borrower's financial statements supplied to
     Lender truly and completely disclosed Borrower's financial condition as of
     the date of the statement, and there has been no material adverse change in
     Borrower's financial condition subsequent to the date of the most recent
     financial statement supplied to Lender. Borrower has no material contingent
     obligations except as disclosed in such financial statements.

     LEGAL EFFECT. This Agreement constitutes, and any instrument or agreement
     Borrower is required to give under this Agreement when delivered will
     constitute, legal, valid, and binding obligations of Borrower enforceable
     against Borrower in accordance with their respective terms.

     HAZARDOUS SUBSTANCES. Except as disclosed to and acknowledged by Lender in
     writing, Borrower represents and warrants that: (1) During the period of
     Borrower's ownership of Borrower's Collateral, there has been no use,
     generation, manufacture, storage, treatment, disposal, release or
     threatened release of any Hazardous Substance by any person on, under,
     about or from any of the Collateral. (2) Borrower has no knowledge of, or
     reason to believe that there has been (a) any breach or violation of any
     Environmental Laws; (b) any use, generation, manufacture, storage,
     treatment, disposal, release or threatened release of any Hazardous
     Substance on, under, about or from the Collateral by any prior owners or
     occupants of any of the Collateral; or (c) any actual or threatened
     litigation or claims of any kind by any person relating to such matters.
     (3) Neither Borrower nor any tenant, contractor, agent or other authorized
     user of any of the Collateral shall use, generate, manufacture, store,
     treat, dispose of or release any Hazardous Substance on, under, about or
     from any of the Collateral; and any such activity shall be conducted in

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                             BUSINESS LOAN AGREEMENT
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     compliance with all applicable federal, state, and local laws, regulations,
     and ordinances, including without limitation all Environmental Laws.
     Borrower authorizes Lender and its agents to enter upon the Collateral to
     make such inspections and tests as Lender may deem appropriate to determine
     compliance of the Collateral with this section of the Agreement. Any
     inspections or tests made by Lender shall be at Borrower's expense and for
     Lender's purposes only and shall not be construed to create any
     responsibility or liability on the part of Lender to Borrower or to any
     other person. The representations and warranties contained herein are based
     on Borrower's due diligence in investigating the Collateral for hazardous
     waste and hazardous substances. Borrower hereby (1) releases and waives any
     future claims against Lender for indemnity or contribution in the event
     Borrower becomes liable for cleanup or other costs under any such laws, and
     (2) agrees to indemnify and hold harmless Lender against any and all
     claims, losses, liabilities, damages, penalties, and expenses which Lender
     may directly or indirectly sustain or suffer resulting from a breach of
     this section of the Agreement or as a consequence of any use, generation,
     manufacture, storage, disposal, release or threatened release of a
     hazardous waste or substance on the properties. The provisions of this
     section of the Agreement, including the obligation to indemnify, shall
     survive the payment of the Indebtedness and the termination, expiration or
     satisfaction of this Agreement and shall not be affected by Lender's
     acquisition of any interest in any of the Collateral, whether by
     foreclosure or otherwise.

     LITIGATION AND CLAIMS. No litigation, claim, investigation, administrative
     proceeding or similar action (including those for unpaid taxes) against
     Borrower is pending or threatened, and no other event has occurred which
     may materially adversely affect Borrower's financial condition or
     properties, other than litigation, claims, or other events, if any, that
     have been disclosed to and acknowledged by Lender in writing.

     TAXES. To the best of Borrower's knowledge, all of Borrower's tax returns
     and reports that are or were required to be filed, have been filed, and all
     taxes, assessments and other governmental charges have been paid in full,
     except those presently being or to be contested by Borrower in good faith
     in the ordinary course of business and for which adequate reserves have
     been provided.

     INFORMATION. All information heretofore or contemporaneously herewith
     furnished by Borrower to Lender for the purposes of or in connection with
     this Agreement or any transaction contemplated hereby is, and all
     information hereafter furnished by or on behalf of Borrower to Lender will
     be, true and accurate in every material respect on the date as of which
     such information is dated or certified; and none of such information is or
     will be incomplete by omitting to state any material fact necessary to make
     such information not misleading.

     LIEN PRIORITY. Unless otherwise previously disclosed to Lender in writing,
     Borrower has not entered into or granted any Security Agreements, or
     permitted the filing or attachment of any Security Interests on or
     affecting any of the Collateral directly or indirectly securing repayment
     of Borrower's Loan and Note, that would be prior or that may in any way be
     superior to Lender's Security Interests and rights in and to such
     Collateral.

     BINDING EFFECT. This Agreement, the Note, all Security Agreements (if any),
     and all Related Documents are binding upon the signers thereof, as well as
     upon their successors, representatives and assigns, and are legally
     enforceable in accordance with their respective terms.

AFFIRMATIVE COVENANTS. Borrower covenants and agrees with Lender that, so long
as this Agreement remains in effect, Borrower will:

     NOTICES OF CLAIMS AND LITIGATION. Promptly inform Lender in writing of (1)
     all material adverse changes in Borrower's financial condition, and (2) all
     existing and all threatened litigation, claims, investigations,
     administrative proceedings or similar actions affecting Borrower or any
     Guarantor which could materially affect the financial condition of Borrower
     or the financial condition of any Guarantor.

     FINANCIAL RECORDS. Maintain its books and records in accordance with GAAP,
     applied on a consistent basis, and permit Lender to examine and audit
     Borrower's books and records at all reasonable times.

     FINANCIAL STATEMENTS. Furnish Lender with the following:

          (1) ANNUAL STATEMENTS. As soon as available, but in no event later
          than sixty (60) days after the end of each fiscal year, Borrower's
          balance sheet and income statement for the year ended, prepared by
          Borrower.

          (2) INTERIM STATEMENTS. As soon as available, but in no event later
          than thirty (30) days after the end of each fiscal quarter, Borrower's
          balance sheet and profit and loss statement for the period ended,
          prepared by Borrower.

          (3) TAX RETURNS. As soon as available, but in no event later than
          sixty (60) days after the applicable filing date for the tax reporting
          period ended, Federal and other governmental tax returns, prepared by
          a tax professional satisfactory to Lender.

          (4) ADDITIONAL REQUIREMENTS. Co-Borrower will provide Lender annual
          personal financial statements and tax returns.

     All financial reports required to be provided under this Agreement shall be
     prepared in accordance with GAAP, applied on a consistent basis, and
     certified by Borrower as being true and correct.

     ADDITIONAL INFORMATION. Furnish such additional information and statements,
     as Lender may request from time to time.

     INSURANCE. Maintain fire and other risk insurance, public liability
     insurance, and such other insurance as Lender may require with respect to
     Borrower's properties and operations, in form, amounts, coverages and with
     insurance companies acceptable to Lender. Borrower, upon request of Lender,
     will deliver to Lender from time to time the policies or certificates of
     insurance in form satisfactory to Lender, including stipulations that
     coverages will not be cancelled or diminished without at least ten (10)
     days prior written notice to Lender. Each insurance policy also shall
     include an endorsement providing that coverage in favor of Lender will not
     be impaired in any way by any act, omission or default of Borrower or any
     other person. In connection with all policies covering assets in which
     Lender holds or is offered a security interest for the Loans, Borrower will
     provide Lender with such lender's loss payable or other endorsements as
     Lender may require.

     INSURANCE REPORTS. Furnish to Lender, upon request of Lender, reports on
     each existing insurance policy showing such information as Lender may
     reasonably request, including without limitation the following: (1) the
     name of the insurer; (2) the risks insured; (3) the amount of the policy;
     (4) the properties insured; (5) the then current property values on the
     basis of which insurance has been obtained, and the manner of determining
     those values; and (6) the expiration date of the policy. In addition, upon
     request of Lender (however not more often than annually), Borrower will
     have an independent appraiser satisfactory to Lender determine, as
     applicable, the actual cash value or replacement cost of any Collateral.
     The cost of such appraisal shall be paid by Borrower.

     OTHER AGREEMENTS. Comply with all terms and conditions of all other
     agreements, whether now or hereafter existing, between Borrower and any
     other party and notify Lender immediately in writing of any default in
     connection with any other such agreements.

     LOAN PROCEEDS. Use all Loan proceeds solely for Borrower's business
     operations, unless specifically consented to the contrary by Lender in
     writing.

     TAXES, CHARGES AND LIENS. Pay and discharge when due all of its
     indebtedness and obligations, including without limitation all assessments,
     taxes, governmental charges, levies and liens, of every kind and nature,
     imposed upon Borrower or its properties, income, or profits, prior to the
     date on which penalties would attach, and all lawful claims that, if
     unpaid, might become a lien or charge upon any of Borrower's properties,
     income, or profits.

     PERFORMANCE. Perform and comply, in a timely manner, with all terms,
     conditions, and provisions set forth in this Agreement, in the Related
     Documents, and in all other instruments and agreements between Borrower and
     Lender. Borrower shall notify Lender immediately in writing of any default
     in connection with any agreement.

     OPERATIONS. Maintain executive and management personnel with substantially
     the same qualifications and experience as the present executive and
     management personnel; provide written notice to Lender of any change in
     executive and management personnel; conduct its business affairs in a
     reasonable and prudent manner.

     COMPLIANCE WITH GOVERNMENTAL REQUIREMENTS. Comply with all laws,
     ordinances, and regulations, now or hereafter in effect, of all
     governmental authorities applicable to the conduct of Borrower's
     properties, businesses and operations, and to the use or occupancy of the
     Collateral, including without limitation, the Americans With Disabilities
     Act. Borrower may contest in good faith any such law, ordinance, or
     regulation and withhold compliance during any proceeding, including
     appropriate appeals, so long as Borrower has notified Lender in writing
     prior to doing so and so long as, in Lender's sole opinion, Lender's
     interests in the Collateral are not jeopardized. Lender may require
     Borrower to post adequate security or a surety bond, reasonably
     satisfactory to Lender, to protect Lender's interest.

     INSPECTION. Permit employees or agents of Lender at any reasonable time to
     inspect any and all Collateral for the Loan or Loans and Borrower's other
     properties and to examine or audit Borrower's books, accounts, and records
     and to make copies and memoranda of Borrower's books, accounts, and
     records. If Borrower now or at any time hereafter maintains any records
     (including without limitation computer generated records and computer
     software programs for the generation of such records) in the possession of
     a third party, Borrower, upon request of Lender, shall notify such party to
     permit Lender free access to such records at all reasonable times and to
     provide Lender with copies of any records it may request, all at Borrower's
     expense.

     COMPLIANCE CERTIFICATES. Unless waived in writing by Lender, provide Lender
     at least annually and at the time of each disbursement of Loan proceeds,
     with a certificate executed by Borrower's chief financial officer, or other
     officer or person acceptable to Lender, certifying that the representations
     and warranties set forth in this Agreement are true and correct as of the
     date of the certificate and further certifying that, as of the date of the
     certificate, no Event of Default exists under this Agreement.

     ENVIRONMENTAL COMPLIANCE AND REPORT. Borrower shall comply in all respects
     with any and all Environmental Laws; not cause or permit to
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                             BUSINESS LOAN AGREEMENT
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     exist, as a result of an intentional or unintentional action or omission on
     Borrower's part or on the part of any third party, on property owned and/or
     occupied by Borrower, any environmental activity where damage may result to
     the environment, unless such environmental activity is pursuant to and in
     compliance with the conditions of a permit issued by the appropriate
     federal, state or local governmental authorities; shall furnish to Lender
     promptly and in any event within thirty (30) days after receipt thereof a
     copy of any notice, summons, lien, citation, directive, letter or other
     communication from any governmental agency or instrumentality concerning
     any intentional or unintentional action or omission on Borrower's part in
     connection with any environmental activity whether or not there is damage
     to the environment and/or other natural resources.

     ADDITIONAL ASSURANCES. Make, execute and deliver to Lender such promissory
     notes, mortgages, deeds of trust, security agreements, assignments,
     financing statements, instruments, documents and other agreements as Lender
     or its attorneys may reasonably request to evidence and secure the Loans
     and to perfect all Security Interests.

LENDER'S EXPENDITURES. If any action or proceeding is commenced that would
materially affect Lender's interest in the Collateral or if Borrower fails to
comply with any provision of this Agreement or any Related Documents, including
but not limited to Borrower's failure to discharge or pay when due any amounts
Borrower is required to discharge or pay under this Agreement or any Related
Documents, Lender on Borrower's behalf may (but shall not be obligated to) take
any action that Lender deems appropriate, including but not limited to
discharging or paying all taxes, liens, security interests, encumbrances and
other claims, at any time levied or placed on any Collateral and paying all
costs for insuring, maintaining and preserving any Collateral All such
expenditures incurred or paid by Lender for such purposes will then bear
interest at the rate charged under the Note from the date incurred or paid by
Lender to the date of repayment by Borrower. All such expenses will become a
part of the Indebtedness and, at Lender's option, will (A) be payable on demand;
(B) be added to the balance of the Note and be apportioned among and be payable
with any installment payments to become due during either (1) the term of any
applicable insurance policy: or (2) the remaining term of the Note; or (C) be
treated as a balloon payment which will be due and payable at the Note's
maturity. Any Collateral also will secure payment of these amounts. Such right
shall be in addition to all other rights and remedies to which Lender may be
entitled upon Default.

NEGATIVE COVENANTS. Borrower covenants and agrees with Lender that while this
Agreement is in effect, Borrower shall not, without the prior written consent of
Lender:

     INDEBTEDNESS AND LIENS. (1) Except for trade debt incurred in the normal
     course of business and indebtedness to Lender contemplated by this
     Agreement, create, incur or assume indebtedness for borrowed money,
     Including capital leases, (2) sell, transfer, mortgage, assign, pledge,
     lease, grant a security interest in, or encumber any of Borrower's assets
     (except as allowed as Permitted Liens), or (3) sell with recourse any of
     Borrower's accounts, except to Lender.

     TRANSFER AND LIENS. Fail to continue to own all of Borrower's assets,
     except for routine transfers, use or depletion in the ordinary course of
     Borrower's business. Borrower agrees not to create or grant to any person,
     except Lender, any lien, security interest, encumbrance, cloud on title,
     mortgage, pledge or similar interest in any of Borrower's property, even in
     the ordinary course of Borrower's business. Borrower agrees not to sell,
     convey, grant, lease, give, contribute, assign, or otherwise transfer any
     of Borrower's assets, except for sales of inventory or leases of goods in
     the ordinary course of Borrower's business.

     CONTINUITY OF OPERATIONS. (1) Engage in any business activities
     substantially different than those in which Borrower is presently engaged,
     (2) cease operations, liquidate, merge, transfer, acquire or consolidate
     with any other entity, change its name, dissolve or transfer or sell
     Collateral out of the ordinary course of business, or (3) pay any dividends
     on Borrower's stock (other than dividends payable in its stock), provided,
     however that notwithstanding the foregoing, but only so long as no Event of
     Default has occurred and is continuing or would result from the payment of
     dividends, if Borrower is a "Subchapter S Corporation" (as defined in the
     Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends
     on its stock to its shareholders from time to time in amounts necessary to
     enable the shareholders to pay income taxes and make estimated income tax
     payments to satisfy their liabilities under federal and state law which
     arise solely from their status as Shareholders of a Subchapter S
     Corporation because of their ownership of shares of Borrower's stock, or
     purchase or retire any of Borrower's outstanding shares or alter or amend
     Borrower's capital structure.

     LOANS, ACQUISITIONS AND GUARANTIES. (1) Loan, invest in or advance money or
     assets, (2) purchase, create or acquire any interest in any other
     enterprise or entity, or (3) incur any obligation as surety or guarantor
     other than in the ordinary course of business.

     CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan
     to Borrower, whether under this Agreement or under any other agreement,
     Lender shall have no obligation to make Loan Advances or to disburse Loan
     proceeds if: (1) Borrower or any Guarantor is in default under the terms
     of this Agreement or any of the Related Documents or any other agreement
     that Borrower or any Guarantor has with Lender; (2) Borrower or any
     Guarantor dies, becomes incompetent or becomes insolvent, files a petition
     in bankruptcy or similar proceedings, or is adjudged a bankrupt; (3) there
     occurs a material adverse change in Borrower's financial condition, in the
     financial condition of any Guarantor, or in the value of any Collateral
     securing any Loan; or (4) any Guarantor seeks, claims or otherwise attempts
     to limit, modify or revoke such Guarantor's guaranty of the Loan or any
     other loan with Lender; or (5) Lender in good faith deems itself insecure,
     even though no Event of Default shall have occurred.

RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a
right of setoff in all Borrower's accounts with Lender (whether checking,
savings, or some other account). This includes all accounts Borrower holds
jointly with someone else and all accounts Borrower may open in the future.
However, this does not include any IRA or Keogh accounts, or any trust accounts
for which setoff would be prohibited by law. Borrower authorizes Lender, to the
extent permitted by applicable law, to charge or setoff all sums owing on the
indebtedness against any and all such accounts.

DEFAULT. Each of the following shall constitute an Event of Default under this
Agreement:

     PAYMENT DEFAULT. Borrower fails to make any payment when due under the
     Loan.

     OTHER DEFAULTS. Borrower fails to comply with or to perform any other term,
     obligation, covenant or condition contained in this Agreement or in any of
     the Related Documents or to comply with or to perform any term, obligation,
     covenant or condition contained in any other agreement between Lender and
     Borrower.

     FALSE STATEMENTS. Any warranty, representation or statement made or
     furnished to Lender by Borrower or on Borrower's behalf under this
     Agreement, the Note, or the Related Documents is false or misleading in
     any material respect, either now or at the time made or furnished or
     becomes false or misleading at any time thereafter.

     INSOLVENCY. The dissolution or termination of Borrower's existence as a
     going business, the insolvency of Borrower, the appointment of a receiver
     for any part of Borrower's property, any assignment for the benefit of
     creditors, any type of creditor workout, or the commencement of any
     proceeding under any bankruptcy or insolvency laws by or against Borrower.

     DEFECTIVE COLLATERALIZATION. This Agreement or any of the Related Documents
     ceases to be in full force and effect (including failure of any collateral
     document to create a valid and perfected security interest or lien) at any
     time and for any reason.

     CREDITOR OR FORFEITURE PROCEEDINGS. Commencement of foreclosure or
     forfeiture proceedings, whether by judicial proceeding, self-help,
     repossession or any other method, by any creditor of Borrower or by any
     governmental agency against any collateral securing the Loan. This includes
     a garnishment of any of Borrower's accounts, including deposit accounts,
     with Lender. However, this Event of Default shall not apply if there is a
     good faith dispute by Borrower as to the validity or reasonableness of the
     claim which is the basis of the creditor or forfeiture proceeding and if
     Borrower gives Lender written notice of the creditor or forfeiture
     proceeding and deposits with Lender monies or a surety bond for the
     creditor or forfeiture proceeding, in an amount determined by Lender, in
     its sole discretion, as being an adequate reserve or bond for the dispute.

     EVENTS AFFECTING GUARANTOR. Any of the preceding events occurs with respect
     to any Guarantor of any of the indebtedness or any Guarantor dies or
     becomes incompetent, or revokes or disputes the validity of, or liability
     under, any Guaranty of the Indebtedness.

     CHANGE IN OWNERSHIP. Any change in ownership of twenty-five percent (25%)
     or more of the common stock of Borrower.

     ADVERSE CHANGE. A material adverse change occurs in Borrower's financial
     condition, or Lender believes the prospect of payment or performance of the
     Loan is impaired.

     INSECURITY. Lender in good faith believes itself insecure.

EFFECT OF AN EVENT OF DEFAULT. If any Event of Default shall occur, except where
otherwise provided in this Agreement or the Related Documents, all commitments
and obligations of Lender under this Agreement or the Related Documents or any
other agreement immediately will terminate (including any obligation to make
further Loan Advances or disbursements), and, at Lender's option, all
Indebtedness immediately will become due and payable, all without notice of any
kind to Borrower, except that in the case of an Event of Default of the type
described in the "Insolvency" subsection above, such acceleration shall be
automatic and not optional. in addition, Lender shall have all the rights and
remedies provided in the Related Documents or available at law, in equity, or
otherwise. Except as may be prohibited by applicable law, all of Lender's rights
and remedies shall be cumulative and may be exercised singularly or
concurrently. Election by Lender to pursue any remedy shall not exclude pursuit
of any other remedy, and an election to make expenditures or to take action to
perform an obligation of Borrower or of any Grantor shall not affect Lender's
right to declare a default and to exercise its rights and remedies.

MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of
this Agreement:
<PAGE>   4
                             BUSINESS LOAN AGREEMENT
                                   (CONTINUED)
                                                                          PAGE 4
================================================================================

     AMENDMENTS. This Agreement, together with any Related Documents,
     constitutes the entire understanding and agreement of the parties as to the
     matters set forth in this Agreement. No alteration of or amendment to this
     Agreement shall be effective unless given in writing and signed by the
     party or parties sought to be charged or bound by the alteration or
     amendment.

     ATTORNEYS' FEES; EXPENSES. Borrower agrees to pay upon demand all of
     Lender's costs and expenses, including Lender's attorneys' fees and
     Lender's legal expenses, incurred in connection with the enforcement of
     this Agreement. Lender may hire or pay someone else to help enforce this
     Agreement, and Borrower shall pay the costs and expenses of such
     enforcement. Costs and expenses include Lender's attorneys' fees and legal
     expenses whether or not there is a lawsuit, including attorneys' fees and
     legal expenses for bankruptcy proceedings (including efforts to modify or
     vacate any automatic stay or injunction), appeals, and any anticipated
     post-judgment collection services. Borrower also shall pay all court costs
     and such additional fees as may be directed by the court.

     CAPTION HEADINGS. Caption headings in this Agreement are for convenience
     purposes only and are not to be used to interpret or define the provisions
     of this Agreement.

     CONSENT TO LOAN PARTICIPATION. Borrower agrees and consents to Lender's
     sale or transfer, whether now or later, of one or more participation
     interests in the Loan to one or more purchasers, whether related or
     unrelated to Lender. Lender may provide, without any limitation whatsoever,
     to any one or more purchasers, or potential purchasers, any information or
     knowledge Lender may have about Borrower or about any other matter relating
     to the Loan, and Borrower hereby waives any rights to privacy Borrower may
     have with respect to such matters. Borrower additionally waives any and all
     notices of sale of participation interests, as well as all notices of any
     repurchase of such participation Interests. Borrower also agrees that the
     purchasers of any such participation interests will be considered as the
     absolute owners of such interests in the Loan and will have all the rights
     granted under the participation agreement or agreements governing the sale
     of such participation interests. Borrower further waives all rights of
     offset or counterclaim that it may have now or later against Lender or
     against any purchaser of such a participation interest and unconditionally
     agrees that either Lender or such purchaser may enforce Borrower's
     obligation under the Loan irrespective of the failure or insolvency of any
     holder of any interest in the Loan. Borrower further agrees that the
     purchaser of any such participation interests may enforce its interests
     irrespective of any personal claims or defenses that Borrower may have
     against Lender.

     GOVERNING LAW. THIS AGREEMENT WILL BE GOVERNED BY, CONSTRUED AND ENFORCED
     IN ACCORDANCE WITH FEDERAL LAW AND THE LAWS OF THE STATE OF COLORADO. THIS
     AGREEMENT HAS BEEN ACCEPTED BY LENDER IN THE STATE OF COLORADO.

     JOINT AND SEVERAL LIABILITY. All obligations of Borrower under this
     Agreement shall be joint and several, and all references to Borrower shall
     mean each and every Borrower. This means that each Borrower signing below
     is responsible for all obligations in this Agreement. Where any one or more
     of the parties is a corporation, partnership, limited liability company or
     similar entity, it is not necessary for Lender to inquire into the powers
     of any of the officers, directors, partners, members, or other agents
     acting or purporting to act on the entity's behalf, and any obligations
     made or created in reliance upon the professed exercise of such powers
     shall be guaranteed under this Agreement.

     NO WAIVER BY LENDER. Lender shall not be deemed to have waived any rights
     under this Agreement unless such waiver is given in writing and signed by
     Lender. No delay or omission on the part of Lender in exercising any right
     shall operate as a waiver of such right or any other right. A waiver by
     Lender of a provision of this Agreement shall not prejudice or constitute a
     waiver of Lender's right otherwise to demand strict compliance with that
     provision or any other provision of this Agreement. No prior waiver by
     Lender, nor any course of dealing between Lender and Borrower, or between
     Lender and any Grantor, shall constitute a waiver of any of Lender's rights
     or of any of Borrower's or any Grantor's, obligations as to any future
     transactions. Whenever the consent of Lender is required under this
     Agreement, the granting of such consent by Lender in any instance shall not
     constitute continuing consent to subsequent instances where such consent is
     required and in all cases such consent may be granted or withheld in the
     sole discretion of Lender.

     NOTICES. Any notice required to be given under this Agreement shall be
     given in writing, and shall be effective when actually delivered, when
     actually received by telefacsimile (unless otherwise required by law), when
     deposited with a nationally recognized overnight courier, or, if mailed,
     when deposited in the United States mail, as first class, certified or
     registered mail postage prepaid, directed to the addresses shown near the
     beginning of this Agreement. Any party may change its address for notices
     under this Agreement by giving formal written notice to the other parties,
     specifying that the purpose of the notice is to change the party's address.
     For notice purposes, Borrower agrees to keep Lender informed at all times
     of Borrower's current address. Unless otherwise provided or required by
     law, if there is more than one Borrower, any notice given by Lender to any
     Borrower is deemed to be notice given to all Borrowers.

     SEVERABILITY. If a court of competent jurisdiction finds any provision of
     this Agreement to be illegal, invalid, or unenforceable as to any person or
     circumstance, that finding shall not make the offending provision illegal,
     invalid, or unenforceable as to any other person or circumstance. If
     feasible, the offending provision shall be considered modified so that it
     becomes legal, valid and enforceable. If the offending provision cannot be
     so modified, it shall be considered deleted from this Agreement. Unless
     otherwise required by law, the illegality, invalidity, or unenforceability
     of any provision of this Agreement shall not affect the legality, validity
     or enforceability of any other provision of this Agreement.

     SUCCESSORS AND ASSIGNS. All covenants and agreements contained by or on
     behalf of Borrower shall bind Borrower's successors and assigns and shall
     inure to the benefit of Lender, its successors and assigns. Borrower shall
     not, however, have the right to assign Borrower's rights under this
     Agreement or any interest therein, without the prior written consent of
     Lender.

     SURVIVAL OF REPRESENTATIONS AND WARRANTIES. Borrower understands and agrees
     that in extending Loan Advances, Lender is relying on all representations,
     warranties, and covenants made by Borrower in this Agreement or in any
     certificate or other instrument delivered by Borrower to Lender under this
     Agreement or the Related Documents. Borrower further agrees that regardless
     of any investigation made by Lender, all such representations, warranties
     and covenants will survive the extension of Loan Advances and delivery to
     Lender of the Related Documents, shall be continuing in nature, shall be
     deemed made and redated by Borrower at the time each Loan Advance is made,
     and shall remain in full force and effect until such time as Borrower's
     indebtedness shall be paid in full, or until this Agreement shall be
     terminated in the manner provided above, whichever is the last to occur.

     TIME IS OF THE ESSENCE. Time is of the essence in the performance of this
     Agreement.

DEFINITIONS. The following capitalized words and terms shall have the following
meanings when used in this Agreement. Unless specifically stated to the
contrary, all references to dollar amounts shall mean amounts in lawful money of
the United States of America. Words and terms used in the singular shall include
the plural, and the plural shall include the singular, as the context may
require. Words and terms not otherwise defined in this Agreement shall have the
meanings attributed to such terms in the Uniform Commercial Code. Accounting
words and terms not otherwise defined in this Agreement shall have the meanings
assigned to them in accordance with generally accepted accounting principles as
in effect on the date of this Agreement:

     ADVANCE. The word "Advance" means a disbursement of Loan funds made, or to
     be made, to Borrower or on Borrower's behalf on a line of credit or
     multiple advance basis under the terms and conditions of this Agreement.

     AGREEMENT. The word "Agreement" means this Business Loan Agreement, as this
     Business Loan Agreement may be amended or modified from time to time,
     together with all exhibits and schedules attached to this Business Loan
     Agreement from time to time.

     BORROWER. The word "Borrower" means Gerimed of America, Inc.; and James F.
     Riopelle, and all other persons and entities signing the Note in whatever
     capacity.

     COLLATERAL. The word "Collateral" means all property and assets granted as
     collateral security for a Loan, whether real or personal property, whether
     granted directly or indirectly, whether granted now or in the future, and
     whether granted in the form of a security interest, mortgage, collateral
     mortgage, deed of trust, assignment, pledge, chattel mortgage, crop pledge,
     chattel mortgage, collateral chattel mortgage, chattel trust, factor's
     lien, equipment trust, conditional sale, trust receipt, lien, charge, lien
     or title retention contract, lease or consignment intended as a security
     device, or any other security or lien interest whatsoever, whether created
     by law, contract, or otherwise.

     DEFAULT. The word "Default" means the Default set forth in this Agreement
     in the section titled "Default".

     ENVIRONMENTAL LAWS. The words "Environmental Laws" mean any and all state,
     federal and local statutes, regulations and ordinances relating to the
     protection of human health or the environment, including without limitation
     the Comprehensive Environmental Response, Compensation, and Liability Act
     of 1980, as amended, 42 U.S.C. Section 9601, et seq. ("CERCLA"), the
     Superfund Amendments and Reauthorization Act of 1986, Pub. L. No. 99--499
     ("SARA"), the Hazardous Materials Transportation Act, 49 U.S.C. Section
     1801, et seq., the Resource Conservation and Recovery Act, 42 U.S.C.
     Section 6901, et seq., or other applicable state or federal laws, rules, or
     regulations adopted pursuant thereto.

     EVENT OF DEFAULT. The words "Event of Default" mean any of the Events of
     Default set forth in this Agreement in the Default section of this
     Agreement.

     GAAP. The word "GAAP" means generally accepted accounting principles.

     GRANTOR. The word "Grantor" means each and all of the persons or entities
     granting a Security Interest in any Collateral for the Loan, including
     without limitation all Borrowers granting such a Security Interest.

     GUARANTOR. The word "Guarantor" means any guarantor, surety, or
     accommodation party of any or all of the Loan.

     GUARANTY. The word "Guaranty" means the guaranty from Guarantor to Lender,
     including without limitation a guaranty of all or part of the Note.
<PAGE>   5

                             BUSINESS LOAN AGREEMENT
                                   (CONTINUED)
                                                                          PAGE 5
================================================================================

     INDEBTEDNESS. The word "Indebtedness" means the indebtedness evidenced by
     the Note Related Documents, including all principal and interest together
     with all other indebtedness and costs and expenses for which Borrower is
     responsible under this Agreement or under any of the Related Documents.

     LENDER. The word "Lender" means Citywide Banks, its successors and assigns.

     LOAN. The word "Loan" means any and all loans and financial accommodations
     from Lender to Borrower whether now or hereafter existing, and however
     evidenced, including without limitation those loans and financial
     accommodations described herein or described on any exhibit or schedule
     attached to this Agreement from time to time.

     NOTE. The word "Note" means the Note executed by Borrower in the principal
     amount of $1,800,000.00 dated March 3, 2000, together with all renewals of,
     extensions of, modifications of, refinancings of, consolidations of, and
     substitutions for the note or credit agreement.

     PERMITTED LIENS. The words "Permitted Liens" mean (1) liens and security
     interests securing Indebtedness owed by Borrower to Lender; (2) liens for
     taxes, assessments, or similar charges either not yet due or being
     contested in good faith; (3) liens of materialmen, mechanics, warehousemen,
     or carriers, or other like liens arising in the ordinary course of business
     and securing obligations which are not yet delinquent; (4) purchase money
     liens or purchase money security interests upon or in any property acquired
     or held by Borrower in the ordinary course of business to secure
     indebtedness outstanding on the date of this Agreement or permitted to be
     incurred under the paragraph of this Agreement titled "Indebtedness and
     Liens"; (5) liens and security interests which, as of the date of this
     Agreement, have been disclosed to and approved by the Lender in writing;
     and (6) those liens and security interests which in the aggregate
     constitute an immaterial and insignificant monetary amount with respect to
     the net value of Borrower's assets.

     RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes,
     credit agreements, loan agreements, environmental agreements, guaranties,
     security agreements, mortgages, deeds of trust, security deeds, collateral
     mortgages, and all other instruments, agreements and documents, whether now
     or hereafter existing, executed in connection with the Loan.

     SECURITY AGREEMENT. The words "Security Agreement" mean and include without
     limitation any agreements, promises, covenants, arrangements,
     understandings or other agreements, whether created by law, contract, or
     otherwise, evidencing, governing, representing, or creating a Security
     Interest.

     SECURITY INTEREST. The words "Security Interest" mean, without limitation,
     any and all types of collateral security, present and future, whether in
     the form of a lien, charge, encumbrance, mortgage, deed of trust, security
     deed, assignment, pledge, crop pledge, chattel mortgage, collateral chattel
     mortgage, chattel trust, factor's lien, equipment trust, conditional sale,
     trust receipt, lien or title retention contract, lease or consignment
     intended as a security device, or any other security or lien interest
     whatsoever whether created by law, contract, or otherwise.

BORROWER ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS BUSINESS LOAN
AGREEMENT AND BORROWER AGREES TO ITS TERMS. THIS BUSINESS LOAN AGREEMENT IS
DATED MARCH 3, 2000.

BORROWER:

GERIMED OF AMERICA, INC.

BY: /s/ JAMES F. RIOPELLE
    ---------------------------------------
    James F. Riopelle, Chairman of the Board of
    Gerimed of America, Inc.

X   /s/ JAMES F. RIOPELLE
    ---------------------------------------
    James F. Riopelle, Individually

LENDER:

CITYWIDE BANKS

X   /s/ STEVE GHADAIFCHIAN, V.P.
    ---------------------------------------
    AUTHORIZED SIGNER

================================================================================
<PAGE>   6

                            CHANGE IN TERMS AGREEMENT

<TABLE>
<S>                                                          <C>
Borrower: Gerimed of America, Inc. (TIN: 84--1244056)        Lender:   Citywide Banks
          James F. Riopelle                                            P0 Box 128
          333 W. Hampden Ave. #200                                     Aurora, CO 80040--0128
          Englewood, CO 80110                                          (303) 365--3600
</TABLE>

================================================================================

<TABLE>
<S>                                <C>                      <C>
Principal Amount: $1,800,000.00    Initial Rate: 10.750%    Date of Agreement: March 3, 2000
</TABLE>

DESCRIPTION OF EXISTING INDEBTEDNESS. Original Promissory Note in the amount of
$1,800,000.00 dated December 29, 1995.

DESCRIPTION OF COLLATERAL. Accounts.

DESCRIPTION OF CHANGE IN TERMS. Effective March 3, 2000 James F. Riopelle is
being added as a Co-Borrower per Loan provision.

PROMISE TO PAY. GERIMED OF AMERICA, INC.; AND JAMES F. RIOPELLE ("BORROWER")
JOINTLY AND SEVERALLY PROMISE TO PAY TO CITYWIDE BANKS ("LENDER"), OR ORDER, IN
LAWFUL MONEY OF THE UNITED STATES OF AMERICA, THE PRINCIPAL AMOUNT OF ONE
MILLION EIGHT HUNDRED THOUSAND & 00/100 DOLLARS ($1,800,000.00) OR SO MUCH AS
MAY BE OUTSTANDING, TOGETHER WITH INTEREST ON THE UNPAID OUTSTANDING PRINCIPAL
BALANCE OF EACH ADVANCE. INTEREST SHALL BE CALCULATED FROM THE DATE OF EACH
ADVANCE UNTIL REPAYMENT OF EACH ADVANCE.

PAYMENT. BORROWER WILL PAY THIS LOAN IN ONE PAYMENT OF ALL OUTSTANDING PRINCIPAL
PLUS ALL ACCRUED UNPAID INTEREST ON JUNE 1, 2000. IN ADDITION, BORROWER WILL PAY
REGULAR MONTHLY PAYMENTS OF ALL ACCRUED UNPAID INTEREST DUE AS OF EACH PAYMENT
DATE, BEGINNING APRIL 1, 2000, WITH ALL SUBSEQUENT INTEREST PAYMENTS TO BE DUE
ON THE SAME DAY OF EACH MONTH AFTER THAT, INTEREST ON THIS AGREEMENT IS COMPUTED
ON A 365/360 SIMPLE INTEREST BASIS; THAT IS, BY APPLYING THE RATIO OF THE ANNUAL
INTEREST RATE OVER A YEAR OF 360 DAYS, MULTIPLIED BY THE OUTSTANDING PRINCIPAL
BALANCE, MULTIPLIED BY THE ACTUAL NUMBER OF DAYS THE PRINCIPAL BALANCE IS
OUTSTANDING. Borrower will pay Lender at Lender's address shown above or at such
other place as Lender may designate In writing.

VARIABLE INTEREST RATE. The interest rate on this Agreement is subject to change
from time to time based on changes in an index which is the Bank Base Rate (the
"Index"). The Index is not necessarily the lowest rate charged by Lender on its
loans and is set by Lender in its sole discretion. If the Index becomes
unavailable during the term of this loan, Lender may designate a substitute
Index after notifying Borrower. Lender will tell Borrower the current Index rate
upon Borrower's request. The interest rate change will not occur more often than
each Day. Borrower understands that Lender may make loans based on other rates
as well. THE INDEX CURRENTLY IS 8.750% PER ANNUM. THE INTEREST RATE TO BE
APPLIED TO THE UNPAID PRINCIPAL BALANCE OF THE NOTE WILL BE AT A RATE OF 2.000
PERCENTAGE POINTS OVER THE INDEX, RESULTING IN AN INITIAL RATE OF 10.750% PER
ANNUM. NOTICE: Under no circumstances will the Interest rate on the Note be more
than the maximum rate allowed by applicable law.

PREPAYMENT; MINIMUM INTEREST CHARGE. in any event, even upon full prepayment of
this Agreement, Borrower understands that Lender is entitled to a MINIMUM
INTEREST CHARGE OF $25.00. Other than Borrower's obligation to pay any minimum
interest charge, Borrower may pay without penalty all or a portion of the amount
owed earlier than it is due. Early payments will not, unless agreed to by Lender
in writing, relieve Borrower of Borrower's obligation to continue to make
payments of accrued unpaid interest. Rather, early payments will reduce the
principal balance due. Borrower agrees not to send Lender payments marked "paid
in full", "without recourse", or similar language. If Borrower sends such a
payment, Lender may accept it without losing any of Lender's rights under this
Agreement, and Borrower will remain obligated to pay any further amount owed to
Lender. All written communications concerning disputed amounts, including any
check or other payment instrument that indicates that the payment constitutes
"payment in full" of the amount owed or that is tendered with other conditions
or limitations or as full satisfaction of a disputed amount must be mailed or
delivered to: Citywide Banks, PO Box 128, Aurora, CO 80040--0128.

INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final
maturity, at Lender's option, and if permitted by applicable law, Lender may add
any unpaid accrued interest to principal and such sum will bear Interest
therefrom until paid at the rate provided in this Agreement (including any
increased rate). Upon default, Lender, at its option, may, if permitted under
applicable law, increase the variable interest rate on this Agreement to 21.000%
per annum. The Interest rate will not exceed the maximum rate permitted by
applicable law.

DEFAULT. Each of the following shall constitute an Event of Default under this
Agreement:

     Payment Default. Borrower fails to make any payment when due under the
     Indebtedness.

     Other Defaults. Borrower fails to comply with or to perform any other term,
     obligation, covenant or condition contained in this Agreement or in any of
     the Related Documents or to comply with or to perform any term, obligation,
     covenant or condition contained in any other agreement between Lender and
     Borrower.

     False Statements. Any warranty, representation or statement made or
     furnished to Lender by Borrower or on Borrower's behalf under this
     Agreement or the Related Documents is false or misleading in any material
     respect, either now or at the time made or furnished or becomes false or
     misleading at any time thereafter.

     Insolvency. The dissolution or termination of Borrower's existence as a
     going business, the insolvency of Borrower, the appointment of a receiver
     for any part of Borrower's properly, any assignment for the benefit of
     creditors, any type of creditor workout, or the commencement of any
     proceeding under any bankruptcy or insolvency laws by or against Borrower.

     Creditor or Forfeiture Proceedings. Commencement of foreclosure or
     forfeiture proceedings, whether by judicial proceeding, self-help,
     repossession or any other method, by any creditor of Borrower or by any
     governmental agency against any collateral securing the Indebtedness. This
     includes a garnishment of any of Borrower's accounts, including deposit
     accounts, with Lender. However, this Event of Default shall not apply if
     there is a good faith dispute by Borrower as to the validity or
     reasonableness of the claim which is the basis of the creditor or
     forfeiture proceeding and if Borrower gives Lender written notice of the
     creditor or forfeiture proceeding and deposits with Lender monies or a
     surety bond for the creditor or forfeiture proceeding, in an amount
     determined by Lender, in its sole discretion, as being an adequate reserve
     or bond for the dispute.

     Events Affecting Guarantor.

     Change in Ownership. Any change in ownership of twenty--five percent (25%)
     or more of the common stock of Borrower.

     Adverse Change. A material adverse change occurs In Borrower's financial
     condition, or Lender believes the prospect of payment or performance of the
     indebtedness is impaired.

     Insecurity. Lender in good faith believes itself insecure.

LENDER'S RIGHTS. Upon default, Lender may declare the entire unpaid principal
balance on this Agreement and all accrued unpaid interest immediately due, and
then Borrower will pay that amount.

ATTORNEYS' FEES; EXPENSES. Lender may hire or pay someone else to help collect
the indebtedness if Borrower does not pay. Borrower will pay Lender that amount.
This includes, subject to any limits under applicable law, Lender's attorneys'
fees and Lender's legal expenses, whether or not there is a lawsuit, including
without limitation all attorneys' fees and legal expenses for bankruptcy
proceedings (including efforts to modify or vacate any automatic stay or
Injunction), and appeals. If not prohibited by applicable law, Borrower also
will pay any court costs, in addition to all other sums provided by law.

GOVERNING LAW. This Agreement will be governed by, construed and enforced In
accordance with federal law and the laws of the State of Colorado. This
Agreement has been accepted by Lender in the State of Colorado.

RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a
right of setoff in all Borrower's accounts with Lender (whether checking,
savings, or some other account). This includes all accounts Borrower holds
Jointly with someone else and all accounts Borrower may open in the future.
However, this does not include any IRA or Keogh accounts, or any trust accounts
for which setoff would be prohibited by law. Borrower authorizes Lender, to the
extent permitted by applicable law, to charge or setoff all sums owing on the
Indebtedness against any and all such accounts.

LINE OF CREDIT. This Agreement evidences a revolving line of credit. Advances
under this Agreement may be requested orally by Borrower or as provided in this
paragraph. All oral requests shall be confirmed in writing on the day of the
request. All communications, instructions, or directions by telephone or
otherwise to Lender are to be directed to Lender's office shown above. The
following person currently is authorized to request advances and authorize
payments under the line of credit until Lender receives from Borrower, at
Lender's address shown above, written notice of revocation of his or her
authority: James F. Riopelle, Chairman of the Board of Gerimed of America, Inc.
Borrower agrees to be liable for all sums either: (A) advanced in accordance
with the instructions of an authorized person or (B) credited to any of
Borrower's accounts with Lender. The unpaid principal balance owing on this
Agreement at any time may be evidenced by endorsements on this Agreement or by
Lender's Internal records, Including daily computer print-outs. Lender will
have no obligation to advance funds under this Agreement if: (A) Borrower or any
guarantor is In default under the terms oh this Agreement or any agreement that
Borrower or any guarantor has with Lender, including any agreement made in
connection with the signing of this Agreement; (B) Borrower or any guarantor
ceases doing business or is insolvent; (C) any guarantor seeks, claims or
otherwise

<PAGE>   7

                            CHANGE IN TERMS AGREEMENT
                                   (Continued)
                                                                          Page 2

================================================================================

attempts to limit, modify or revoke such guarantor's guarantee of this Agreement
or any other loan with Lender; (D) Borrower has applied funds provided pursuant
to this Agreement for purposes other than those authorized by Lender; or (E)
Lender in good faith believes itself insecure.

CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of
the original obligation or obligations, including all agreements evidenced or
securing the obligation(s), remain unchanged and in full force and effect.
Consent by Lender to this Agreement does not waive Lender's right to strict
performance of the obligation(s) as changed, nor obligate Lender to make any
future change in terms. Nothing in this Agreement will constitute a satisfaction
of the obligation(s). It is the intention of Lender to retain as liable parties
all makers and endorsers of the original obligation(s), including accommodation
parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this
Agreement. If any person who signed the original obligation does not sign this
Agreement below, then all persons signing below acknowledge that this Agreement
is given conditionally, based on the representation to Lender that the
non-signing party consents to the changes and provisions of this Agreement or
otherwise will not be released by it. This waiver applies not only to any
initial extension, modification or release, but also to all such subsequent
actions.

SUCCESSORS AND ASSIGNS. Subject to any limitations stated in this Agreement on
transfer of Borrower's interest, this Agreement shall be binding upon and inure
to the benefit of the parties, their successors end assigns. If ownership of the
Collateral becomes vested in a person other than Borrower, Lender, without
notice to Borrower, may deal with Borrower's successors with reference to this
Agreement and the indebtedness by way of forbearance or extension without
releasing Borrower from the obligations of this Agreement or liability under the
indebtedness.

MISCELLANEOUS PROVISIONS. Lender may delay or forgo enforcing any of its rights
or remedies under this Agreement without losing them. Each Borrower understands
and agrees that, with or without notice to Borrower, Lender may with respect to
any other Borrower (a) make one or more additional secured or unsecured loans or
otherwise extend additional credit; (b) alter, compromise, renew, extend,
accelerate, or otherwise change one or more times the time for payment or other
terms any indebtedness, including increases and decreases of the rate of
interest on the indebtedness; (c) exchange, enforce, waive, subordinate, fail or
decide not to perfect, and release any security, with or without the
substitution of new collateral; (d) apply such security and direct the order or
manner of sale thereof, including without limitation, any non-judicial sale
permitted by the terms of the controlling security agreements, as Lender in its
discretion may determine; (a) release, substitute, agree not to sue, or deal
with any one or more of Borrower's sureties, endorsers, or other guarantors on
any terms or in any manner Lender may choose: and (f) determine how, when and
what application of payments and credits shall be made on any other indebtedness
owing by such other Borrower. Borrower and any other person who signs,
guarantees or endorses this Agreement, to the extent allowed by law, waive
presentment, demand for payment, and notice of dishonor. Upon any change in the
terms of this Agreement, and unless otherwise expressly stated in writing, no
party who signs this Agreement, whether as maker, guarantor, accommodation maker
or endorser, shall be released from liability. All such parties agree that
Lender may renew or extend (repeatedly and for any length of time) this loan or
release any party or guarantor or collateral; or impair, fail to realize upon or
perfect Lender's security interest in the collateral; and take any other action
deemed necessary by Lender without the consent of or notice to anyone. All such
parties also agree that Lender may modify this loan without the consent of or
notice to anyone other than the party with whom the modification is made. The
obligations under this Agreement are joint and several.

PRIOR TO SIGNING THIS AGREEMENT, EACH BORROWER READ AND UNDERSTOOD ALL THE
PROVISIONS OF THIS AGREEMENT, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS.
EACH BORROWER AGREES TO THE TERMS OF THE AGREEMENT.

BORROWER:

GERIMED OF AMERICA, INC.

BY: /s/ JAMES F. RIOPELLE
   ------------------------------------
    James F. Reopelle, Chairman of the Board of
    Gerimed of America, Inc.

X  /s/ JAMES F. REOPELLE
   -----------------------------------
       James F. Reopelle, IndividuallyEXHIBIT 4.1

                      FIRST DEPOSIT CORPORATION 401(k) PLAN

                  (Amended and Restated as of January 1, 1992)

                                TABLE OF CONTENT

article 1         Introduction.................................................1

article 2         Definitions..................................................1

         2.1      "Account"....................................................1

         2.2      "Actual Contribution Percentage".............................1

         2.3      "Actual Deferral Percentage".................................1

         2.4      "Affiliate"..................................................1

         2.5      "Annual Additions"...........................................2

         2.6      "Beneficiary"................................................2

         2.7      "Board"......................................................2

         2.8      "Break in Service"...........................................2

         2.9      "Code".......................................................2

         2.10     "Committee"..................................................2

         2.11     "Company"....................................................2

         2.12     "Company Stock"..............................................2

         2.13     "Compensation"...............................................2

         2.14     "Contribution Rate"..........................................4

         2.15     "Deferral Rate"..............................................5

         2.16     "Defined Benefit Plan Fraction"..............................5

         2.17     "Defined Contribution Plan Fraction".........................6

         2.18     "Disability".................................................6

         2.19     "Early Retirement"...........................................6

         2.20     "Effective Date".............................................6

         2.21     "Eligible Employee"..........................................6

         2.22     "Employee"...................................................7

         2.23     "Employer"...................................................7

         2.24     "Employer Contributions".....................................7

         2.25     "Employer Matching Contributions"............................7

         2.26     "Employer Matching Contributions Account"....................7

         2.27     "Employment Commencement Date"...............................7

         2.28     "Entry Date".................................................7

         2.29     "ERISA"......................................................7

         2.30     "Excess Aggregate Contributions".............................8

         2.31     "Excess Contributions".......................................8

         2.32     "Excess Elective Deferrals"..................................8

         2.33     "First Flex Credits".........................................9

         2.34     "First Flex Plan"............................................9

         2.35     "Five-Year Break in Service".................................9

         2.36     "Forfeiture".................................................9

         2.37     "401(k) Account".............................................9

         2.38     "401(k) Agreement"...........................................9

         2.39     "401(k) Contributions".......................................9

         2.40     "Hardship"...................................................9

         2.41     "Highly Compensated Employee"................................9

         2.42     "Hour of Service"...........................................11

         2.43     "Investment Fund"...........................................11

         2.44     "Investment Manager"........................................11

         2.45     "Limitation Year"...........................................12

         2.46     "Non-Highly Compensated Employee"...........................12

         2.47     "Normal Retirement Age".....................................12

         2.48     "Participant"...............................................12

         2.49     "Period of Service".........................................12

         2.50     "Period of Severance".......................................12

         2.51     "Plan"......................................................12

         2.52     "Plan Year".................................................12

         2.53     "Profit Sharing Contributions"..............................13

         2.54     "Profit Sharing Contributions Account"......................13

         2.55     "Qualified Matching Contributions"..........................13

         2.56     "Qualified Matching Contributions Account"..................13

         2.57     "Qualified Nonelective Contributions".......................13

         2.58     "Qualified Nonelective Contributions Account"...............13

         2.59     "Reemployment Commencement Date"............................13

         2.60     "Required Beginning Date"...................................13

         2.61     "Review Panel"..............................................13

         2.62     "Rollover Account"..........................................14

         2.63     "Rollover Contribution".....................................14

         2.64     "Salary"....................................................14

         2.65     "Severance from Service Date"...............................15

         2.66     "Trust".....................................................15

         2.67     "Trust Agreement"...........................................15

         2.68     "Trustee"...................................................15

         2.69     "Valuation Date"............................................15

         2.70     "Voluntary Contributions"...................................15

         2.71     "Voluntary Contributions Account"...........................15

         2.72     "Year of Service"...........................................15

article 3         eligibility and participation...............................16

         3.1      Eligibility to Become a Participant.........................16

         3.2      Participation in 401(k) Contributions.......................16

         3.4      Reestablishing Eligible Employee Status and Plan Reentry....16

         3.5      Termination of Participation................................16

         3.6      No Maximum Age..............................................17

article 4         Contributions...............................................17

         4.1      401(k) Contributions........................................17

         4.2      Voluntary Contributions.....................................19

         4.3      401(k) Agreement............................................19

         4.4      Employer Contributions......................................20

                  (a) Profit Sharing Contributions............................20

                  (b) Employer Matching Contributions.........................20

         4.5      Qualified Nonelective Contributions.........................20

         4.6     Qualified Matching Contributions.............................21

         4.7      Time of Payment.............................................21

         4.8      Rollover Contributions......................................21

         4.9      Nondiscrimination Requirements..............................22

                  (a) Actual Deferral Percentage Test.........................22

                  (b) Correction Methods to Meet Actual Deferral
                      Percentage Test.........................................23

                  (c) Special Rules for Actual Deferral Percentage
                      Limit Testing...........................................23

                  (d) Actual Contribution Percentage Test.....................25

                  (e) Correction Methods to Meet Actual Contribution
                      Percentage Test.........................................25

                  (f) Special Rules for Actual Contribution Percentage
                      Limit Testing...........................................26

                  (g) Prevention of Multiple Use..............................27

         4.10     Reversion of Contributions..................................28

         4.11     Other Limitations on Contributions..........................28

article 5         Participants'Accounts.......................................30

         5.1      Individual Accounts.........................................30

         5.2      Revaluation of the Trust....................................30

         5.3      Statements..................................................31

         5.4      Allocation of Investment Income.............................31

article 6         Investment of Participant's Accounts........................31

         6.1      Investment Control..........................................31

         6.2      Selection of Investment Funds...............................31

         6.3      Investment of Accounts......................................31

         6.4      Change of Investment Election as to Future Contributions....32

         6.5      Transfers Between Investment Funds..........................32

article 7         Vesting.....................................................32

         7.1      Fully Vested Subaccounts....................................32

         7.2      Vesting of the Profit Sharing Contributions Account.........32

         7.3      Vesting of the Employer Matching Contributions Account......33

         7.4      Change in Vesting Schedule..................................33

         7.5      Forfeitures.................................................33

         7.6      Vesting on Reemployment.....................................35

article 8         Plan distributions..........................................35

         8.1      Events Permitting Distribution..............................35

         8.2      Applicable Distribution and Withdrawal Provisions...........36

         8.3      Time of Distribution to Participant.........................36

         8.4      Time of Distribution of Death Benefits......................37

         8.5      Latest Time of Distribution.................................37

         8.6      Small Benefits:  Immediate Payment..........................37

         8.7      Form of Distribution to Participant.........................37

         8.8      Qualified Joint and Survivor Annuity Provisions.............38

                  (a) Waiver of Qualified Joint and Survivor Annuity..........38

                  (b) Notice and Explanation Requirements.....................39

                  (c) Definition of Annuity Starting Date.....................39

         8.9      Qualified Preretirement Survivor Annuity Provisions.........39

                  (a) Qualified Preretirement Survivor Annuity................39

                  (b) Waiver of Qualified Preretirement Survivor Annuity......40

                  (c) Notice and Explanation Requirements.....................40

                  (d) Alternative Forms of Death Benefit......................40

         8.10     Distribution of Death Benefit...............................41

         8.11     Beneficiary Designation; Spousal Consent Rights.............41

         8.12     Minimum Required Distributions; Incorporation
                  of Regulations..............................................42

         8.13     Direct Rollover.............................................43

         8.14     Withholding on Distributions................................44

         8.15     Deferred Distribution.......................................44

         8.16     Determination of Account Balance............................44

         8.17     Reemployment of Participants Receiving Payments.............44

         8.18     No Liability................................................44

article 9         Withdrawals While Employed..................................45

         9.1      Withdrawals From Voluntary Contributions Account............45

         9.2      Withdrawals From Rollover Account...........................45

         9.3      Withdrawals From 401(k) Account.............................45

         9.4      Withdrawals from Profit Sharing Contributions Account
                  and Employer Matching Contributions Account.................45

         9.5      Company Consent.............................................45

         9.6      Hardship Withdrawal Rules...................................45

         9.7      Frequency and Source of Withdrawals.........................47

         9.8      Payment of Withdrawals......................................47

         9.9      Valuation Date..............................................47

article 10        Loans from the plan.........................................47

         10.1     Eligibility for Loans.......................................47

         10.2     Amount of Loans.............................................47

         10.3     Aggregate Loan Limitation...................................48

         10.4     Loan Requirements...........................................48

         10.5     Loan Policy.................................................48

         10.6     Segregated Investment.......................................49

article 11        Funding Policy And Method...................................49

         11.1     Contributions...............................................49

         11.2     Expenses of the Plan........................................49

         11.3     Cash Requirements...........................................49

         11.4     Independent Accountant......................................49

article 12        Fiduciary Responsibilities And Plan Administration..........50

         12.1     Plan Sponsor and Plan Administrator.........................50

         12.2     Administrative Responsibilities.............................50

         12.3     Management of Plan Assets...................................50

         12.4     Trustee and Investment Managers.............................50

         12.5     Delegation of Fiduciary Responsibilities....................51

         12.6     Service in Several Fiduciary Capacities.....................51

         12.7     Appointment of the Committee................................51

         12.8     Indemnification.............................................52

article 13        Claims Procedures...........................................52

         13.1     Application for Benefits....................................52

         13.2     Denial of Application.......................................52

         13.3     Review Panel................................................52

         13.4     Request for Review..........................................52

         13.5     Decision on Review..........................................53

         13.6     Rules and Interpretations...................................53

         13.7     Exhaustion of Remedies......................................53

article 14        Amendment or discontinuance of the plan.....................53

         14.1     Amendments..................................................53

         14.2     Merger, Consolidation or Transfer...........................53

         14.3     Right to Terminate Plan.....................................54

         14.4     Employer's Rights and Obligations Upon Plan Termination.....54

         14.5     Participants'Rights Upon Plan Termination...................54

article 15        Top-Heavy Provisions........................................54

         15.1     Top-Heavy Plan Defined......................................54

         15.2     Other Definitions...........................................55

         15.3     Top-Heavy Accrual Rules.....................................56

         15.4     Impact on Contribution Limitations..........................57

article 16        General Provisions..........................................57

         16.1     No Implied Employment Contract..............................57

         16.2     Benefits Not Assignable.....................................57

         16.3     Qualified Domestic Relations Order..........................58

         16.4     Payments of Benefits to Infants or Incompetents.............58

         16.5     Unclaimed Benefits..........................................58

         16.6     Source of Benefits..........................................58

         16.7     Forms of Plan Communications................................58

         16.8     IRS Qualification...........................................59

         16.9     Construction of Plan........................................59

         16.10    Governing Law...............................................59

         16.11    Severability................................................59

article 17        Execution...................................................59

                      FIRST DEPOSIT CORPORATION 401(k) PLAN

                  (Amended and Restated as of January 1, 1992)

                                   Article 1

                                  Introduction

The First  Deposit  Corporation  401(k)  Plan is  amended  and  restated  in its
entirety  effective as of January 1, 1992,  except as provided  elsewhere in the
Plan.

The Plan as amended and restated is intended to qualify as a profit-sharing plan
under Sections 401(a) and 501 of the Code,  with a cash or deferred  arrangement
intended  to  qualify  under  Section  401(k) of the Code.  Notwithstanding  the
foregoing,  contributions  to the Plan  shall be  determined  without  regard to
profits of the  Employer or any  Affiliate of the  Employer.  This Plan shall be
maintained   for  the   exclusive   benefit  of  the   Participants   and  their
Beneficiaries.

The Plan is intended to be an "eligible  individual  account plan" as defined in
Section 407(d)(3)(A) of ERISA. Accordingly,  the Trustee is authorized to invest
and hold up to one  hundred  percent  of the  assets  of the  Trust  established
pursuant to the Plan in Company Stock.

The Plan was  originally  effective  on  January  1,  1986 and was  subsequently
amended and restated effective as of January 1, 1987.

                                   Article 2

                                   Definitions

The  following  terms when used in the Plan shall  have the  meanings  specified
below.  Words in the  masculine,  feminine and neuter  gender shall be deemed to
include the other,  and words in the singular  shall include the plural and vice
versa, unless a different meaning is plainly required by the context:

     2.1  "Account"  means,  to the  extent  applicable  to a  Participant,  the
aggregate of the separate accounts and subaccounts maintained under the Plan and
held by the Trustee for the benefit of a Participant, as described in Articles 5
and 6.

     2.2 "Actual Contribution  Percentage" means the average of the Contribution
Rates  (calculated  separately  for  each  Eligible  Employee)  of the  Eligible
Employees in a group.

     2.3 "Actual  Deferral  Percentage"  means the average of the Deferral Rates
(calculated  separately for each Eligible Employee) of the Eligible Employees in
a group.

     2.4 "Affiliate"  means any corporation or other trade or business  (whether
or not  incorporated)  that,  together  with  the  Employer,  is a  member  of a
"controlled  group of  corporations"  or is under "common control" as defined in
Section  414(b)  or  414(c)  of  the  Code,  respectively,  is a  member  of  an
"affiliated  service  group" as  defined in  Section  414(m) of the Code,  or is
required  to be treated  as a single  employer  pursuant  to  regulations  under
Section  414(o)  of the  Code,  but  only to the  extent  provided  in any  such
regulations.  An entity shall be  considered  an Affiliate  only with respect to
periods  during  which the  relationship  described  above  exists.

     2.5 "Annual  Additions" means, to the extent applicable under the Plan, the
sum of the  following  amounts  credited  to a  Participant's  Account  for  any
Limitation Year:

          (a) 401(k) Contributions;

          (b) Employer Contributions;

          (c) Voluntary Contributions;

          (d) Qualified Matching Contributions;

          (e) Qualified Nonelective Contributions;

          (f) Allocated Forfeitures; and

          (g) Amounts  described in Sections  415(l)(1)  and  419A(d)(2)  of the
              Code.

Notwithstanding the foregoing, Excess Elective Deferrals that are distributed in
accordance with Subsection 4.1(d) of the Plan are not Annual Additions. However,
Excess Contributions and Excess Aggregate Contributions that are distributed (or
in the case of Excess Aggregate Contributions, that are forfeited) in accordance
with  Paragraphs  4.9(b)(1)  and  (e)(1) of the Plan,  respectively,  are Annual
Additions.

     2.6  "Beneficiary"  means the person or persons entitled under Section 8.11
to receive any Plan benefit payable pursuant to Section 8.10 following the death
of a Participant.

     2.7 "Board"  means the Board of Directors of the  Company,  as  constituted
from time to time.

     2.8 "Break in Service" means, for purposes of eligibility and vesting,  any
one year Period of Severance.

     2.9 "Code" means the Internal Revenue Code of 1986, as amended from time to
time.

     2.10  "Committee"  means the 401(k) Plan  Committee  referred to in Section
12.7(a), if appointed as provided in Section 12.7.

     2.11 "Company" means First Deposit Corporation and any successor thereto.

     2.12 "Company Stock" means common stock of Capital Holding Corporation.

     2.13 "Compensation" means for a Plan Year an Eligible Employee's

          (a) wages, salaries,  fees for professional services and other amounts
received  (without  regard  to  whether  or not an  amount  is paid in cash) for
personal  services  actually  rendered  in the  course  of  employment  with the
Employer or any Affiliate to the extent that the amounts are includable in gross
income   (including,   but  not  limited  to,   commissions  paid  salespersons,
compensation  for services on the basis of a percentage of profits,  commissions
on insurance  premiums,  tips,  bonuses,  fringe benefits and  reimbursements or
other expense  allowances under a nonaccountable  plan (as described in Treasury
Regulations Section 1.62-2(c))).

Subsection  (a) includes  foreign earned income (as defined in Section 911(b) of
the Code),  whether or not excludable from gross income under Section 911 of the
Code.  The amount in Subsection  (a) shall be determined  without  regard to the
exclusions from gross income under Sections 931 and 933 of the Code.

          (b) However, the following items shall be excluded from Compensation:

               (1)  contributions  made by the  Employer  to a plan of  deferred
compensation  to the extent that,  before the  application of the limitations of
Section 415 of the Code to that plan  (including this Plan),  the  contributions
are excludable  from the  Employee's  gross income for the taxable year in which
contributed;

               (2) Employer contributions made on behalf of the Employee under a
simplified  employee  pension  described  in Section  408(k) of the Code for the
taxable year in which contributed;

               (3) Distributions from a plan of deferred compensation (including
this Plan),  regardless  of whether  such  amounts are  includable  in the gross
income of the Employee when  distributed,  provided that any amounts received by
an  Employee  pursuant to an unfunded  nonqualified  plan,  other than the First
Deposit  Equity Unit Plan and the First  Deposit  Equity Unit  Purchase  Option,
shall be  considered  as  Compensation  for the year in which  the  amounts  are
includable in the gross income of the Employee;

               (4) amounts  realized from the exercise of a  nonqualified  stock
option or amounts realized under Section 83(a) of the Code when restricted stock
(or property) held by an Employee  either becomes freely  transferable  or is no
longer  subject to a  substantial  risk of  forfeiture  (within  the  meaning of
Section 83 of the Code and the regulations thereunder);

               (5) amounts realized from the sale, exchange or other disposition
of stock acquired through the exercise of a qualified or incentive stock option;
and

               (6) other  amounts that  receive  special tax  benefits,  such as
premiums for group-term life insurance (but only to the extent that the premiums
are excludable from the gross income of the Employee),  or contributions made by
the  Employer  (whether or not under a salary  reduction  agreement)  toward the
purchase of an annuity contract described in Section 403(b) of the Code (whether
or not such contributions are excludable from the gross income of the Employee).

Notwithstanding the foregoing, for purposes of determining whether an individual
is a  Highly  Compensated  Employee  or a Key  Employee,  Compensation  shall be
determined  without regard to Sections 125, 402(e)(3) (prior to January 1, 1993,
402(a)(8)), and 402(h)(1) of the Code, and in the case of employer contributions
made pursuant to a salary reduction agreement,  without regard to Section 403(b)
of the Code.  For purposes of calculating  an Eligible  Employee's  Contribution
Rate or Deferral Rate and allocating Profit Sharing  Contributions and Qualified
Nonelective  Contributions  under  Article  4  (but  not  for  purposes  of  the
limitations  contained in Section 4.11),  Compensation shall include: (i) 401(k)
Contributions,  (ii) other elective  contributions that are made by the Employer
or an  Affiliate on behalf of its  Employees  that are not  includable  in gross
income under Sections 125 (prior to January 1, 1994,  Compensation shall exclude
First Flex Credits that are used to purchase  insurance benefits pursuant to the
terms of the First Flex Plan),  402(e)(3) (prior to January 1, 1993, 402(a)(8)),
402(h),  and 403(b) of the Code, (iii)  Compensation  deferred under an eligible
deferred  compensation  plan  within the  meaning of Section  457(b) of the Code
(deferred  compensation  plans of state and  local  governments  and  tax-exempt
organizations),  and (iv)  employee  contributions  (under  governmental  plans)
described in Section  414(h)(2) of the Code that are picked up by the  employing
unit and thus are treated as employer contributions.

Compensation  of an Eligible  Employee  taken into account for  determining  all
benefits provided under the Plan for any Plan Year shall not exceed $200,000, as
adjusted for cost-of-living increases at the same time and in the same manner as
under  Section  415(d) of the Code  (effective  for Plan Years  beginning  after
December 31, 1993,  $150,000 as adjusted in the manner  permitted  under Section
401(a)(17)  of the Code).  If the period for  determining  Compensation  used in
calculating  an Eligible  Employee's  allocation for a Plan Year is a short Plan
Year (i.e.,  shorter than twelve (12) months),  the annual Compensation limit is
an amount equal to the otherwise applicable annual Compensation limit multiplied
by the  fraction,  the  numerator  of which is the number of months in the short
Plan Year,  and the  denominator  of which is twelve (12).  In  determining  the
Compensation of an Eligible Employee for purposes of this limitation, the family
aggregation rules of Section  414(q)(6) of the Code shall apply,  except that in
applying  such rules,  the term  "family"  shall  include only the spouse of the
Eligible  Employee and any lineal  descendants of the Eligible Employee who have
not attained age 19 before the close of the year.  If, in complying with Section
414(q)(6) of the Code, the $200,000  (effective for Plan Years  beginning  after
December 31, 1993,  $150,000)  limitation  (as  adjusted) is exceeded,  then the
$200,000 (effective for Plan Years beginning after December 31, 1993,  $150,000)
limitation  shall be prorated  among the affected  individuals  in proportion to
each  individual's  Compensation as determined  under this Section 2.13 prior to
the  application  of the  $200,000  (effective  for Plan Years  beginning  after
December 31, 1993, $150,000) limitation.

     2.14  "Contribution  Rate" means the rate (expressed as a percentage to the
nearest one hundredth of one percent) determined by dividing:

          (a) The  aggregate  amount  of any  Employer  Matching  Contributions,
Voluntary  Contributions and Qualified Matching Contributions (to the extent not
taken into account in  determining  the Eligible  Employee's  Deferral  Rate for
purposes of the Actual Deferral  Percentage test under  Subsection  4.9(a)) made
under the Plan on behalf of an Eligible Employee for the Plan Year; by

          (b) The Eligible Employee's Compensation for the Plan Year.

The amount in  Subsection  (a) above  shall not include  any  Employer  Matching
Contributions and Qualified Matching  Contributions that are forfeited as Excess
Aggregate  Contributions,  or  because  the 401(k)  Contributions  to which they
relate are treated as an Excess Contribution, Excess Elective Deferral or Excess
Aggregate  Contribution.  The  Compensation  of an Eligible  Employee taken into
account in Subsection (b) above shall include the  Compensation  of the Eligible
Employee  during  the  portion of the Plan Year  during  which he or she was not
eligible to participate in the Plan.

In  computing  the  Contribution  Rate,  the Company may elect to include in the
amount in Subsection (a) above:

               (1)  All  or a  portion  of the  401(k)  Contributions  for  such
Employees;

               (2) All or a portion of the Qualified  Nonelective  Contributions
for such Employees; or

               (3)  All  or  a  portion  of  any  contributions  (including,  if
applicable,  any Employer  Contributions) that constitute "qualified nonelective
contributions"  (as defined in Section  401(m)(4)(C)  of the Code) or  "elective
deferrals" (as defined in Section  401(m)(4)(B) of the Code) made to the Plan or
any other plan of the Employer or any Affiliate of the Employer;

provided,  however,  that the 401(k)  Contributions,  including those taken into
account hereunder,  satisfy the nondiscrimination  test under Subsection 4.9(a).
Any such election shall be subject to the  requirements  of and shall be made in
accordance with any regulations applicable under Section 401(m) of the Code.

     2.15  "Deferral  Rate" means the rate  (expressed  as a  percentage  to the
nearest one hundredth of one percent) determined by dividing:

          (a)  The   aggregate   amount  of  the  Eligible   Employee's   401(k)
Contributions, if any, for the Plan Year; by

          (b) The Eligible Employee's Compensation for such Plan Year.

The  Compensation  of an Eligible  Employee taken into account in Subsection (b)
above shall include the Compensation of the Eligible Employee during the portion
of the Plan Year during which he or she was not eligible to  participate  in the
Plan.

In computing the Deferral  Rate, the Employer may elect to include in the amount
in Subsection (a) above:

               (1) All or a portion of the Qualified Matching Contributions made
on behalf of such Eligible Employees;

               (2) All or a portion of the Qualified  Nonelective  Contributions
made on behalf of such Eligible Employees; or

               (3)  All  or  a  portion  of  any  contributions  (including,  if
applicable,  any Employer  Contributions) that constitute "qualified nonelective
contributions"  (as defined in Section  401(m)(4)(C)  of the Code) or  "matching
contributions"  described in Section  401(k)(3)(D)(ii)(I) of the Code (generally
known as "qualified matching  contributions") made to the Plan or any other plan
of the Employer or any Affiliate of the Employer.

Any such  election  shall be  subject  to the  requirements  of and  shall be in
accordance with regulations applicable under Section 401(k) of the Code.

     2.16 "Defined  Benefit Plan Fraction"  means,  for any  Limitation  Year, a
fraction,  the  numerator  of  which  is  the  Participant's   projected  annual
retirement  income  benefit under all the defined  benefit plans (whether or not
terminated)  maintained  by the  Employer  or  any  Affiliate  of  the  Employer
determined as of the end of the Limitation Year, and the denominator of which is
the lesser  of:

          (a) The product of 1.25  multiplied  by $90,000  (which  dollar amount
shall be automatically  adjusted for increases in the cost of living, if any, in
accordance with regulations or other  pronouncements  issued by the Secretary of
the Treasury or Commissioner of Internal Revenue,  for such calendar year, under
the authority granted by Section 415(d) of the Code); or

          (b) The product of 1.4 multiplied by one hundred percent (100%) of the
Participant's average annual Compensation for the three (3) consecutive calendar
years during which he or she received his or her greatest aggregate compensation
from the Company and during which he or she was a Participant in the Plan.

The  limitations  under  Subsection  (a) shall be adjusted in the case of annual
retirement  income  benefits which do not exceed $10,000 for the Limitation Year
and for  Participants  with Years of Service of less than ten (10) years, to the
extent provided in Sections 415(b)(4) and (5) of the Code.

     2.17 "Defined Contribution Plan Fraction" means, for any Limitation Year, a
fraction,  the  numerator  of which is the sum of the  Annual  Additions  to the
Participant's  accounts under all the defined  contribution  plans maintained by
the Employer or any Affiliate of the Employer  (whether or not  terminated)  for
the current and all prior Limitation  Years, and the denominator of which is the
sum of the maximum  aggregate  amounts for the current and all prior  Limitation
Years of service with the Employer or any Affiliate of the Employer  (regardless
of whether a defined  contribution  plan was  maintained by the  Employer).  The
maximum  aggregate  amount in any  Limitation  Year is the lesser of one hundred
twenty-five  percent  (125%) of the dollar  limitation  in effect under  Section
415(c)(1)(A)  of the Code or  thirty-five  percent  (35%)  of the  Participant's
Compensation for such year.

     2.18  "Disability"  means  the total and  permanent  inability  to meet the
requirements of the Participant's  customary employment which can be expected to
last for a continuous period of not less than twelve (12) months. The Disability
of a Participant  shall be determined by the Company in its sole discretion,  in
accordance with uniform principles  consistently applied, upon the basis of such
evidence as the Company deems necessary and advisable.

     2.19 "Early  Retirement" means the date on which a Participant  attains age
fifty-five (55) and has completed ten (10) Years of Service.

     2.20 "Effective  Date" of the Plan as amended and restated means January 1,
1992.

     2.21 "Eligible Employee" means any Employee, except any Employee who is:

          (a)  Regularly  scheduled to work less than twenty (20) hours per week
and who has not  completed  one  thousand  (1,000)  Hours  of  Service  during a
computation  period (the initial  computation  period shall be the  twelve-month
period beginning on the Employee's Employment  Commencement Date and, after such
initial period, subsequent computation periods shall be the Plan Year, beginning
with the Plan Year within which the initial computation period ends);

          (b) A  nonresident  alien who  received no earned  income  (within the
meaning of Section 911(b) of the Code) from the Employer that constitutes income
from sources within the United States  (within the meaning of Section  861(a)(3)
of the Code);

          (c)  A  member  of  a  collective  bargaining  unit  covered  under  a
collective  bargaining  agreement,  unless such agreement expressly provides for
coverage of such bargaining unit members in the Plan; provided, however, that if
such an Employee  later  becomes an Eligible  Employee,  all of his or her prior
service with the  Employer or an  Affiliate  of the  Employer  shall be credited
immediately; or

          (d) Either hired through an employment  agency or is a leased employee
(within the meaning of Section 414(n) of the Code).

An  individual's  status as an  Eligible  Employee  shall be  determined  by the
Employer pursuant to the foregoing  provisions,  and such determination shall be
conclusive and binding on all persons.

     2.22 "Employee"  means an individual who is employed by the Employer in the
status of  "employee"  as that term is used in Section  3121(d)(1) or (2) of the
Code or is a leased employee (as defined in Section 414(n) of the Code),  unless
such leased employee is covered by a plan of the leasing organization that meets
the  requirements  of  Section  414(n)(5)(B)  of the Code and  leased  employees
constitute no more than twenty percent (20%) of the Employer's Employees who are
Non-Highly  Compensated  Employees.  Notwithstanding  the foregoing,  "Employee"
shall  not  include  any  individual   performing  services  solely  through  an
employment or leasing agency except to the extent  required under Section 414(n)
of the Code.

     2.23  "Employer"  means the Company,  First Deposit  National  Bank,  First
Deposit  National Credit Card Bank, First Deposit  National  Corporation,  First
Deposit Service  Corporation,  and any other Affiliate of the Company that, with
the  approval of the Company and subject to such  conditions  as the Company may
impose, adopts this Plan, and any successor or successors of any of them.

     2.24 "Employer  Contributions" means any Employer Matching Contributions or
Profit Sharing Contributions made by the Employer pursuant to Section 4.4.

     2.25 "Employer Matching  Contributions"  means contributions to the Plan by
the Employer made under Subsection  4.4(b) on behalf of a Participant on account
of such Participant's 401(k) Contributions.

     2.26 "Employer Matching Contributions Account" means the account (including
any  subaccounts)  into  which  Employer  Matching  Contributions,  if any,  and
investment gains and losses thereon shall be credited.

     2.27  "Employment  Commencement  Date"  means the date on which an Employee
first performs an Hour of Service for the Employer,  including service performed
prior to the Effective Date.

     2.28 "Entry Date" means each January 1, April 1, July 1, and October 1.

     2.29 "ERISA" means the Employee  Retirement Income Security Act of 1974, as
amended from time to time.

     2.30 "Excess Aggregate Contributions" means, for each Plan Year, the excess
of:

          (a) The aggregate amount of Employer Matching Contributions, Qualified
Matching   Contributions,   401(k)  Contributions,   and  Qualified  Nonelective
Contributions  actually taken into account in computing the Actual  Contribution
Percentage for Eligible Employees who are Highly Compensated  Employees for such
Plan Year, over

          (b) The  maximum  amount  of such  contributions  permitted  under the
Actual Contribution Percentage test under Subsection 4.9(d).

The amount of Excess  Aggregate  Contributions  for Eligible  Employees  who are
Highly  Compensated   Employees  shall  be  determined  by  first  reducing  the
contributions  of  the  Highly   Compensated   Employee(s)  having  the  highest
Contribution Rate by such amounts so as to cause the Plan to satisfy such Actual
Contribution  Percentage test or to lower such Eligible Employee's  Contribution
Rate to  that of the  Highly  Compensated  Employee(s)  with  the  next  highest
Contribution  Rate,  whichever  occurs first.  Such process shall  continue,  as
necessary,  with  respect to the Highly  Compensated  Employee(s)  with the next
highest Contribution Rate until such Actual Contribution Percentage test is met.
Excess Aggregate  Contributions shall be allocated to Eligible Employees who are
subject to the family member  aggregation rules of Section 414(q)(6) of the Code
in the manner prescribed by appropriate regulations.

     2.31 "Excess Contributions" means, for each Plan Year, the excess of:

          (a)  The   aggregate   amount  of  401(k)   Contributions,   Qualified
Nonelective  Contributions,  and Qualified Matching Contributions actually taken
into account in computing the Actual Deferral  Percentage for Highly Compensated
Employees for such Plan Year, over

          (b) The maximum amount of such  contributions  permitted by the Actual
Deferral Percentage test under Subsection 4.9(a).

The  amount  of Excess  Contributions  for  Eligible  Employees  who are  Highly
Compensated Employees shall be determined by first reducing the contributions of
the Highly  Compensated  Employee(s)  having the highest  Deferral  Rate by such
amounts so as to cause the Plan to satisfy such Actual Deferral  Percentage test
or to  lower  such  Eligible  Employee's  Deferral  Rate to  that of the  Highly
Compensated  Employee(s) with the next highest  Deferral Rate,  whichever occurs
first.  Such process shall  continue,  as necessary,  with respect to the Highly
Compensated  Employee(s)  with the next highest  Deferral Rate until such Actual
Deferral  Percentage  test is met.  Excess  Contributions  shall be allocated to
Highly  Compensated  Employees who are subject to the family member  aggregation
rules of  Section  414(q) of the Code in the  manner  prescribed  by  applicable
regulations.

     2.32  "Excess  Elective   Deferrals"   means,  for  a  taxable  year  of  a
Participant,  the  amount  by  which  the  total  of such  Participant's  401(k)
Contributions  under this Plan and any other  elective  deferrals (as defined in
Section 402(g)(3) of the Code) under all other plans,  contracts or arrangements
in which the  Participant is eligible to participate  (whether or not maintained
by the Employer or any Affiliate of the Employer) exceeds $7,000,  and therefore
are includable in his or her gross income under Section 402(g) of the Code. Such
$7,000  amount shall be adjusted for  cost-of-living  increases at the same time
and in the same manner as under Section 415(d) of the Code.

     2.33 "First Flex Credits"  means the amount  contributed by the Employer to
the  First  Flex  Plan  that may be used to pay for  various  employee  benefits
provided for under the terms of the First Flex Plan.

     2.34 "First Flex Plan" means the First Deposit Corporation First Flex Plan,
as amended from time to time.

     2.35 "Five-Year Break in Service" means five  consecutive  one-year Periods
of Severance.

     2.36  "Forfeiture"  means the  portion of a  Participant's  Profit  Sharing
Contributions  Account and Employer Matching  Contributions Account which is not
payable  to  the  Participant  or  his  or  her  Beneficiary   because  of  such
Participant's  termination  of  employment  before full vesting or excess Annual
Additions reallocated in accordance with Section 4.11.

     2.37 "401(k)  Account"  means the account into which 401(k)  Contributions,
Qualified Matching Contributions, or Qualified Nonelective Contributions made on
behalf  of  a  Participant   pursuant  to  Article  4,  and  earnings  on  those
contributions,  shall  be  credited,  except  to the  extent  that  the  Company
determines,   in  accordance  with  Sections  4.5  or  4.6  to  cause  Qualified
Nonelective Contributions or Qualified Matching Contributions to be allocated to
a  separate   subaccount  for  each  Participant   instead  of  allocating  such
contributions to the 401(k) Accounts of Participants.

     2.38 "401(k)  Agreement"  means the  agreement  between the Employer and an
Employee to reduce the Employee's Salary as provided for in Article 4.

     2.39 "401(k) Contributions" means contributions to the Plan by the Employer
that are made  pursuant to the  election of a  Participant  pursuant to a 401(k)
Agreement  under Section 4.1, in lieu of Salary payable to the  Participant,  or
that are made  pursuant to the  Participant's  election  to allocate  First Flex
Credits to the Plan (to the extent  permitted  under the terms of the First Flex
Plan).

     2.40  "Hardship"  means  the  immediate  and  heavy  financial  need  of  a
Participant,  as  determined  in a uniform  and  nondiscriminatory  basis by the
Company in accordance with Section 9.6 and as may be further  clarified by rules
or regulations  issued by the Secretary of the Treasury or the Internal  Revenue
Service.

     2.41  "Highly  Compensated  Employee"  shall have the  meaning  given under
Section 414(q) of the Code and regulations thereunder. In determining whether an
Employee is a Highly  Compensated  Employee,  all employers  that are aggregated
under Section  414(b),  (c), (m) or (o) of the Code shall be treated as a single
employer. Unless otherwise provided by regulations,  Highly Compensated Employee
with respect to a given Plan Year shall mean any Employee if such Employee:

          (a) At any time during the Lookback Year or  Determination  Year was a
five  percent  (5%)  owner  of  the  Employer  within  the  meaning  of  Section
416(i)(1)(B)(i) of the Code;

          (b) During the Lookback Year:

               (1) Received  Compensation  in excess of $75,000 (as adjusted for
cost-of-living  increases  at the  same  time and in the  same  manner  as under
Section 415(d) of the Code);

               (2) Received  Compensation  in excess of $50,000 (as adjusted for
cost-of-living  increases  at the  same  time and in the  same  manner  as under
Section  415(d) of the Code) and was in the group  consisting  of the top twenty
percent  (20%) of employees of the Employer and all  Affiliates  of the Employer
when ranked on the basis of Compensation paid during the Lookback Year; or

               (3) Received Compensation greater than fifty percent (50%) of the
limit in effect for the Plan Year under Section 415(b)(1)(A) of the Code and was
an  officer  within  the  meaning  of  regulations   applicable   under  Section
416(i)(1)(A)(i) of the Code; provided that, for purposes of this definition,  no
more than  fifty  (50)  employees  (or,  if  lesser,  the  greater  of three (3)
employees or ten percent  (10%) of the  employees)  shall be treated as officers
and  provided  further  that,  if no  officer  has  satisfied  the  compensation
requirement  in this  Paragraph (3), the highest paid officer shall qualify as a
Highly Compensated Employee; or

          (c) During the  Determination  Year, is described in Paragraph (b)(1),
(2) or (3) above and was one of the one hundred (100)  employees of the Employer
and all  Affiliates of the Employer  receiving the highest  Compensation  in the
Determination Year.

The "Lookback  Year" is the twelve (12) month period  preceding the beginning of
the Plan Year and the "Determination Year" is the Plan Year.

For purposes of determining  the size of the group  consisting of the top twenty
percent (20%) of employees when ranked on the basis of Compensation, as referred
to in Paragraph (b)(2),  or the number of officers,  as referred to in Paragraph
(b)(3), the following employees shall be excluded:

               (A) Employees who have not completed six (6) months of service;

               (B) Employees who normally work less than 17 1/2 hours per week;

               (C) Employees who normally work not more than six (6) months
                   during any year;

               (D) Employees who have not attained age twenty-one (21);

               (E) Except to the extent provided in  regulations,  Employees who
are included in a unit of employees covered by a collective bargaining agreement
between employee representatives and the Employer; and

               (F) Non-resident aliens with no United States source income.

In addition to the  foregoing,  a Highly  Compensated  Employee  for a Plan Year
includes  any  Employee  who  separated  from service (or who was deemed to have
separated  under  applicable  regulations)  prior to the Plan Year,  performs no
service  for the  Employer  during the Plan Year,  and was a Highly  Compensated
Employee for either the Determination Year during which he or she separated from
service  or any  Determination  Year  ending  on or after  the  Employee's  55th
birthday.

The  determination  of who  is a  Highly  Compensated  Employee,  including  the
determinations of the number and identity of Employees in the top twenty percent
(20%) of Employees when ranked on the basis of  Compensation,  the 100 Employees
receiving the highest Compensation,  the number of Employees treated as officers
and the  Compensation  that is  considered,  shall  be made in  accordance  with
Section 414(q) of the Code and the regulations thereunder.

     2.42 "Hour of Service" means:

          (a) Each hour for which an Employee is directly or indirectly  paid or
entitled  to  payment  for the  performance  of duties  for the  Employer  or an
Affiliate of the Employer during the applicable computation period;

          (b) Each hour for which an Employee is directly or indirectly entitled
to payment on account of a period of time during  which no duties are  performed
(irrespective  of whether the employment  relationship  has  terminated)  due to
vacation, holiday, illness, incapacity,  disability, layoff, jury duty, military
duty or leave of absence.  Notwithstanding  the foregoing however,  no more than
501 Hours of Service  shall be  credited to an Employee on account of any single
continuous  period in which the  Employee  performs no duties.  Hours of Service
shall not be counted where such payment is made or is due:

               (1) Under a plan  maintained  solely for the purpose of complyin
with applicable workers' compensation, unemployment or disability insurance law;
or

               (2)   Solely  to   reimburse   an   Employee   for   medical   or
medically-related expenses; and

          (c) Each  hour for which  back  pay,  irrespective  of  mitigation  of
damages,  is either  awarded or agreed to by the Employer or an Affiliate of the
Employer.  These hours shall be credited to the  computation  period(s) to which
the award or  agreement  for back pay  pertains  rather than to the  computation
period in which the award, agreement or payment is made; provided, however, that
the limits under  Subsection (b) above are applicable and that an Employee shall
not be entitled to additional Hours of Service under this Subsection (c) for the
same Hours of Service credited under Subsection (a) or (b) above.

Hours of Service  shall be credited to the  Employee  for the periods  specified
above in accordance with Department of Labor  Regulations  Sections  2530.200b-2
and -3, the provisions of which are incorporated herein by this reference.

     2.43 "Investment Fund" means, to the extent applicable,  one or more of the
investment  funds  referred to in Article 6 in which the assets of the Trust are
invested.

     2.44  "Investment  Manager"  means any  fiduciary  (other than a Trustee or
named fiduciary as specified in Article 12) who:

          (a) Has the power to  manage,  acquire  or dispose of any asset of the
Trust;

          (b) Is

               (1)  Registered  as an investment  adviser  under the  Investment
Advisers Act of 1940;

               (2) A "bank," as defined in such Act; or

               (3) An insurance company qualified to perform services  described
in Subsection (a) above under the laws of more than one state; and

          (c) Has  acknowledged  in writing that such person is a fiduciary with
respect to the Plan.

     2.45 "Limitation Year" means the Plan Year.

     2.46  "Non-Highly  Compensated  Employee" with respect to a given Plan Year
means any Employee who is not a Highly Compensated Employee for such Plan Year.

     2.47 "Normal Retirement Age" means the date on which a Participant  attains
age sixty-five (65).

     2.48 "Participant" means an Eligible Employee, whether or not he or she has
elected to make 401(k)  Contributions,  who has become a Participant in the Plan
in accordance with Section 3.1 or a former Eligible  Employee who has an Account
under the Plan.

     2.49 "Period of Service" means a period of time beginning on the Employment
Commencement  Date or  Reemployment  Commencement  Date, as the case may be, and
ending on the Severance  from Service Date.  If an Employee  ceases  service and
subsequently  returns  to  service  within  twelve  (12)  months,  the Period of
Severance,  if any,  shall be included in  computing  the  Employee's  Period of
Service for purposes of vesting and eligibility.

All Periods of Service with the  Employer,  an Affiliate,  Pacific Bank,  and CG
Marketing  shall  be  aggregated  for  vesting  and  eligibility   purposes.  In
aggregating any nonsuccessive  Periods of Service for a reemployed Employee,  12
months of service (30 days shall equal one month,  for  purposes of  aggregating
fractional  months) or 365 days shall equal a one year  Period of  Service.  Any
Period of Service that,  after such  aggregation,  is less than 12 months or 365
days shall be disregarded in calculating an Employee's vested benefit.

     2.50  "Period  of  Severance"  means a  period  of time  commencing  on the
Severance  from Service Date and ending on the date on which the Employee  again
performs  an Hour of Service for the  Employer.  Notwithstanding  the  preceding
sentence, if an Employee is absent from employment as a result of the Employee's
pregnancy,  birth of the Employee's child,  placement of a child for adoption by
the  Employee,  or caring for the child for a period  beginning on such birth or
placement,  and if such absence extends beyond the first anniversary of the date
such  absence  began,  (i) the  Period of  Severance  shall  begin on the second
anniversary of the date such absence began and (ii) the period between the first
and second anniversaries of the date such absence began shall not be included as
a Period of Service or as a Period of Severance.

     2.51 "Plan" means the First Deposit Corporation 401(k) Plan (formerly known
as the Deferred  Profit Sharing Plan for Employees of First Deposit  Corporation
and Its Affiliates), as set forth herein and as amended from time to time.

     2.52 "Plan Year" means the twelve-consecutive  month period commencing each
January 1 and ending the following December 31.

     2.53 "Profit Sharing  Contributions"  means the amount, if any, contributed
to the Plan by the Employer under Subsection 4.4(a).

     2.54 "Profit Sharing  Contributions  Account" means the account  (including
any subaccounts) into which Profit Sharing Contributions, if any, and investment
gains and losses thereon shall be credited.

     2.55 "Qualified Matching  Contributions" means contributions to the Plan by
the Employer made under Section 4.6, provided that any such contributions  shall
be subject to the distribution limitations and nonforfeitability requirements of
Section 401(k)(2)(B) and (C) of the Code.

     2.56  "Qualified   Matching   Contributions   Account"  means  the  account
(including any subaccounts) into which Qualified Matching Contributions, if any,
and investment gains and losses thereon shall be credited.

     2.57 "Qualified Nonelective  Contributions" means contributions to the Plan
by the Employer  made under Section 4.5,  provided  that a  Participant  may not
elect to receive any such  contributions in cash until distributed from the Plan
and that such contributions shall be subject to the distribution limitations and
nonforfeitability requirements of Section 401(k)(2)(B) and (C) of the Code.

     2.58  "Qualified  Nonelective  Contributions  Account"  means  the  account
(including any subaccounts) into which Qualified Nonelective  Contributions,  if
any, and investment gains and losses thereon shall be credited.

     2.59  "Reemployment  Commencement  Date" means the first date,  following a
Break in Service,  on which the Employee  again  performs an Hour of Service for
the Employer.

     2.60 "Required Beginning Date" means:

          (a) In the  case  of a  Participant  who  attained  age 70 1/2  before
January 1, 1988 and who is not a "five  percent  owner"  (within  the meaning of
Section 416(i)(1)(B)(i) of the Code), April 1 of the calendar year following the
later of (i) the calendar  year in which the  Participant  attains age 70 1/2 or
(ii) the calendar year in which the Participant retires; and

          (b) In the case of a "five  percent  owner"  (within  the  meaning  of
Section  416(i)(1)(B)(i)  of the Code) or a  Participant  who attains age 70 1/2
after  December 31, 1987,  April 1 of the calendar  year  following the calendar
year in which the  Participant  attains age 70 1/2,  whether or not he or she is
still an Employee;  provided,  however,  that the Required  Beginning Date for a
Participant  who is not a five percent  owner and who attains age 70 1/2 in 1988
shall be April 1, 1990. If the  Participant  became a "five percent owner" after
the  calendar  year in  which  he or she  attains  age 70 1/2,  then  his or her
Required  Beginning  Date shall be no later than  April 1 of the  calendar  year
following the year in which he or she becomes a "five percent owner."

     2.61 "Review Panel" means the committee,  if any,  appointed by the Company
to review appeals of denied claims under the Plan pursuant to Section 13.3.

     2.62  "Rollover   Account"   means  the  account   credited  with  Rollover
Contributions under Section 4.8.

     2.63 "Rollover  Contribution" means a contribution to the Plan of an amount
described in (i) Sections 402(c) (prior to January 1, 1993,  Section  402(a)(5))
or 403(a)(4) of the Code,  relating to certain  distributions from an employees'
trust or employee  annuity  described in Sections  401(a) or 403(a) of the Code,
respectively,  or (ii) Section 408(d)(3)(A)(ii) of the Code, relating to certain
distributions from an individual  retirement account or an individual retirement
annuity.  Further, for the purposes of this Plan, a Rollover  Contribution shall
include  direct  trustee-to-trustee  transfers  (within  the  meaning of Section
401(a)(31) of the Code) from other  qualified  plans made on or after January 1,
1993 and direct or indirect plan-to-plan transfers from other qualified plans or
from the custodian of a conduit individual retirement arrangement, provided that
the trust or  custodial  account  from  which  the  funds are being  transferred
permits such a transfer to be made.

     2.64  "Salary"  means an Eligible  Employee's  Compensation  (as defined in
Section 2.13), except that

          (a) Salary shall include all of the following amounts:

               (1)  401(k)   Contributions  (for  purposes  of  limiting  401(k)
Contributions and Voluntary  Contributions,  First Flex Credits allocated to the
Plan pursuant to the terms of the First Flex Plan shall be excluded); and

               (2) other elective contributions that are made by the Employer or
an Affiliate on behalf of its Employees  that are not includable in gross income
under  Sections 125 and 402(e)(3)  (prior to January 1, 1993,  402(a)(8)) of the
Code.

          (b) Salary shall exclude:

               (1)  Effective  January  1,  1993,  awards  paid  under the First
Deposit Long-Term Incentive Plan (prior to January 1, 1993, only awards deferred
are excluded);

               (2) Effective January 1, 1993, severance payments;

               (3) Effective January 1, 1993,  amounts paid or reimbursed by the
Employer for moving expenses incurred by an Eligible Employee to the extent that
the amounts are includable in gross income;

               (4) Premiums for group-term life insurance that are includable in
gross income;

               (5) Effective January 1, 1993, car allowances;

               (6) Short-term or long-term disability payments;

               (7) Effective  January 1, 1993,  payments of accrued vacation and
sabbatical  upon  termination of employment  (such payments shall be included if
the termination is due to the Eligible Employee's  subsequent employment with an
Affiliate);

               (8)  First  Flex  Credits  (for  purposes  of  limiting  Employer
Matching  Contributions,  only First Flex  Credits  used to  purchase  insurance
benefits on a pre-tax  basis  pursuant to the terms of the First Flex Plan shall
be excluded);

               (9) Effective January 1, 1993, employee referral awards; and

               (10) Effective  January 1, 1993, cash dividends paid with respect
to restricted Company Stock.

Notwithstanding the foregoing,  an Eligible Employee may elect to exclude his or
her December  bonus or Management  Incentive  Plan award from the  definition of
Salary.

     2.65 "Severance from Service Date" shall mean the date on which the earlier
of the following events occurs:

          (a) the Employee quits, is discharged, retires or dies; or

          (b) the first  anniversary  of the first date of a period in which the
Employee remains absent from service (with or without pay) with the Employer for
any reason other than a quit, retirement,  discharge or death, such as vacation,
holiday, sickness, disability, leave or absence or layoff.

If an Employee  does not resume  employment  upon the  expiration  of a leave of
absence and such leave is not extended by the Employer, for purposes hereof, the
Employee  shall be deemed to have been  discharged  as of the date such leave of
absence expired.

     2.66  "Trust"  means all such money or other  property  that is held by the
Trustee pursuant to the terms of the Trust Agreement.

     2.67 "Trust  Agreement" means the trust agreement  entered into between the
Company and a trustee for the purpose of funding benefits under the Plan, or any
successor trust agreement.

     2.68  "Trustee"  means the trustee or any successor  thereto acting as such
pursuant to Section 12.4 and the terms of the Trust Agreement.

     2.69  "Valuation  Date"  means  the date on which  assets  of the Trust are
valued,  which  shall be the last day of each  month  (prior to October 1, 1992,
daily) or such other date or dates the Company may elect to  determine  the fair
market value of the Trust and make an allocation of income, gain or loss thereon
as provided in Section 5.2.

     2.70 "Voluntary Contributions" means after-tax contributions to the Plan by
a  Participant  made  under  Section  4.2,  in lieu  of  Salary  payable  to the
Participant.

     2.71  "Voluntary  Contributions  Account" means the account  (including any
subaccounts)  into which Voluntary  Contributions,  if any, and investment gains
and losses thereon shall be credited.

     2.72 "Year of Service"  means,  for purposes of vesting and eligibility for
Profit Sharing Contributions, a twelve-month Period of Service.

                                   Article 3

                          Eligibility And Participation

     3.1 Eligibility to Become a Participant.

          (a) Each  Eligible  Employee  who has  entered  the Plan  prior to the
Effective Date shall continue to participate,  and each other Eligible  Employee
shall be  entitled to become a  Participant  in the Plan on the first day of the
month next following his or her Employment  Commencement Date,  provided that he
or she is an Eligible Employee on such date.

          (b) For purposes of receiving  any Profit  Sharing  Contributions,  an
Eligible  Employee will become a Participant in the Plan on the first day of the
month during which he or she completes a Year of Service.

     3.2 Participation in 401(k)  Contributions.  To participate for purposes of
making  401(k)  Contributions,  an Eligible  Employee  must have  entered into a
401(k) Agreement,  in the form as may be prescribed by the Company,  authorizing
the  reduction of his or her Salary in amounts that will be  contributed  to the
Plan as 401(k) Contributions on his or her behalf by the Employer.

     3.3 Suspension of Participation.

          (a) A Participant shall be suspended from active  participation in the
Plan for any period during which the Participant:

               (1) Is on a leave of absence without pay or

               (2) Does not  qualify  as an  Eligible  Employee  but  remains  a
Participant.

          (b) A Participant shall make no 401(k)  Contributions  with respect to
any period of suspended participation under Subsection 3.3(a) above, nor shall a
suspended   Participant  receive  any  allocation  of  Employer   Contributions,
Qualified  Nonelective  Contributions,   Qualified  Matching  Contributions,  or
Forfeitures  for  any  such  period.   In  addition,   a  Participant's   401(k)
Contributions  shall be  suspended  or  limited in the manner and for the period
prescribed under Section 9.6 in the case of a Hardship withdrawal from the Plan.
A suspended Participant,  however, shall continue to share in the income, gains,
losses and expenses of the investments held in his or her Account.

     3.4 Reestablishing  Eligible Employee Status and Plan Reentry.  If a former
Eligible  Employee  who  previously  terminated  employment  with  the  Employer
subsequently  is reemployed by the Employer he or she shall again be eligible to
participate in the Plan immediately on reemployment.

     3.5  Termination  of  Participation.  An Employee who becomes a Participant
shall  cease to be a  Participant  as of the date on which no  further  benefits
under the Plan are payable to him or her.

     3.6 No Maximum Age.  Participation in the Plan shall not be discontinued or
limited in any way, and the allocation of contributions  shall not be decreased,
because of a Participant's attainment of any age.

                                   Article 4

                                  Contributions

     4.1 401(k) Contributions.

          (a)  Subject to the  limitations  established  by this  Article 4, the
Employer shall make 401(k)  Contributions on an Eligible Employee's behalf in an
amount equal to the amount of Salary that the  Eligible  Employee has elected to
defer pursuant to the Eligible Employee's 401(k) Agreement plus the amount of an
Eligible  Employee's  First Flex  Credits  allocated  to the Plan (to the extent
permitted  under the terms of the First Flex Plan).  Each Eligible  Employee may
elect to have the  Employer  contribute  to the Plan from two percent  (2%) to a
maximum of thirteen  percent  (13%) (prior to January 1, 1993,  fifteen  percent
(15%)) of such Eligible  Employee's  Salary for the Plan Year in accordance with
such  uniform  and  nondiscriminatory  rules and  procedures  as the Company may
establish.  Such contribution  shall include any First Flex Credits allocated to
the Plan by the Eligible Employee.

          (b)  Notwithstanding  the  provisions of Subsection  4.1(a) above,  in
order for the Plan to comply with the requirements of Section 401(k), 402(g) and
415 of the Code (see Subsections 4.1(c) and 4.9(a) and Section 4.11 of the Plan,
respectively),  at any time in a Plan Year, the Company (in its sole discretion)
may, by notifying the affected Eligible Employees in writing, reduce the rate of
401(k)  Contributions  to be made on  behalf  of an  Eligible  Employee  for the
remainder  of that  Plan  Year,  or the  Company  may  require  that all  401(k)
Contributions  to be made on behalf of an Eligible  Employee be discontinued for
the  remainder  of that Plan Year.  Such a reduction  or  discontinuance  may be
applied selectively to individual Eligible Employees or to a particular class of
Eligible  Employees,  as the Company may determine in its sole discretion.  Upon
the close of the Plan Year or such  earlier  date as the Company may  determine,
any reduction or  discontinuance  in 401(k)  Contributions  shall  automatically
cease until the Company again determines that such a reduction or discontinuance
of 401(k) Contributions is required.  Any such reduction or discontinuance shall
be prospective  only as to pay periods  commencing  after notice to the affected
Eligible  Employees,  and shall not result in  discrimination in favor of Highly
Compensated  Employees in any manner prohibited by Section 401(a)(4) of the Code
or  regulations  applicable  thereunder.   Any  amounts  that  would  have  been
contributed to the Plan in the absence of a reduction or discontinuance pursuant
to this  Subsection  4.1(b)  shall  be paid  in  cash to the  affected  Eligible
Employees  in the same  manner in which such  amounts  otherwise  are payable as
Salary in the absence of any election of 401(k) Contributions.

          (c) The  total of the  401(k)  Contributions  under  this Plan and any
other elective deferrals (as defined in Section 402(g)(3) of the Code) under all
other plans,  contracts or  arrangements of the Employer or any Affiliate of the
Employer for any Participant  during any taxable year of the  Participant  shall
not exceed $7,000 or such other amount in effect under Section  402(g)(1) of the
Code,  as adjusted for  increases in the cost of living for the calendar year in
which the Participant's  taxable year begins. To the extent 401(k) Contributions
are distributed or returned to a Participant as excess Annual Additions pursuant
to Section  4.11 of the Plan,  such  distributed  or returned  amounts  shall be
disregarded for purposes of the limitation described in this Subsection 4.1(c).

          (d) In the event a Participant has any Excess  Elective  Deferrals for
any  taxable  year  of  such  Participant,  whether  or not  the  limitation  in
Subsection  4.1(c) has been exceeded for such taxable year, such Excess Elective
Deferrals may be distributed to the Participant from the Plan in accordance with
either  of  Subsections  (1)  or  (2)  below  (or  a  combination   thereof,  as
applicable):

               (1) The Company  may cause the Excess  Elective  Deferrals  to be
distributed  to the  Participant  during the taxable year of the  Participant in
which the  Excess  Elective  Deferrals  occur if the  following  conditions  are
satisfied:

                    (A) The  Participant  designates the  distribution as Excess
Elective Deferrals;  provided,  however, to the extent the Participant's  Excess
Elective Deferrals are attributable only to 401(k) Contributions under this Plan
and any other elective  deferrals (as defined in Section  402(g)(3) of the Code)
under all other plans,  contracts or arrangements  maintained by the Employer or
any  Affiliate  of the  Employer,  the  Participant  shall  be  deemed  to  have
designated the distribution as Excess Elective Deferrals;

                    (B) Such  distribution  is made  after the date on which the
Excess Elective Deferrals were received by the Plan; and

                    (C) The Plan  designates the  distribution as a distribution
of Excess Elective Deferrals.

               (2) If any amount of Excess Elective Deferrals is included in the
gross income of a  Participant  for federal  income tax purposes for any taxable
year of such  Participant,  the  Participant,  not later than the first  March 1
following the close of such taxable  year,  may notify the Company of the amount
of such Excess Elective Deferrals that the Participant designates as having been
received by the Plan; provided,  however, to the extent the Participant's Excess
Elective Deferrals are attributable only to 401(k) Contributions under this Plan
and any other elective  deferrals (as defined in Section  402(g)(3) of the Code)
under all other plans,  contracts or arrangements  maintained by the Employer or
any Affiliate of the Employer,  the Participant shall be deemed to have notified
the Plan and  designated  the amount of the Excess  Elective  Deferrals.  In the
event notice of Excess Elective Deferrals is given or deemed given in accordance
with the foregoing provision, the Company shall cause there to be distributed to
the  Participant  not later than the first April 15 following  the close of such
taxable year of the  Participant  the amount so designated,  plus any income and
minus any loss allocable  thereto for such taxable year of the Participant.  The
amount of any income or loss to be allocated to Excess Elective  Deferrals under
this Paragraph (2) shall be determined by multiplying the income or loss for the
taxable year allocable to 401(k)  Contributions by a fraction.  The numerator of
the  fraction  is the  Excess  Elective  Deferrals  for the  taxable  year.  The
denominator of the fraction is equal to the sum of (i) the Participant's  401(k)
Account balance  determined as of the beginning of the taxable year and (ii) the
Participant's 401(k) Contributions for the taxable year.

Any  designation  of  Excess  Elective  Deferrals  made by a  Participant  under
Paragraph  (1) or (2) above  shall be in writing,  and,  if the Excess  Elective
Deferrals are  attributable  in part to elective  deferrals made for the taxable
year to any plan,  contract or arrangement not maintained by the Employer or any
Affiliate  of the  Employer,  the  Participant  shall  certify to the Company or
otherwise  provide such  information  as the Company may  reasonably  require in
order to  establish  that the  amount  designated  constitutes  Excess  Elective
Deferrals. The amount of Excess Elective Deferrals that may be distributed under
this Subsection 4.1(d) with respect to a Participant for a taxable year shall be
reduced by any Excess  Contributions  previously  distributed in accordance with
Subsection  4.9(b) for the Plan Year beginning with or within the  Participant's
taxable year. In no event may a Participant receive as a corrective distribution
under  this  Subsection  4.1(d) an amount in excess of the  Participant's  total
401(k)  Contributions for the taxable year.  Notwithstanding any other provision
in the Plan,  the  consent of a  Participant  or his or her spouse  shall not be
required for a distribution of Excess Elective Deferrals and allocable income.

          (e) Any decrease in the 401(k)  Contributions for an Eligible Employee
resulting  from the  distribution  of Excess  Elective  Deferrals  also shall be
effective  for  purposes  of  determining   the  amount  of  Employer   Matching
Contributions and Qualified  Matching  Contributions to be made for the Eligible
Employee's benefit under Subsection 4.4(b) and Section 4.6.

          (f) A Participant's  401(k)  Contributions shall be credited to his or
her 401(k) Account.  However,  for Federal tax purposes (and wherever permitted,
for  state  tax  purposes),   401(k)   Contributions   shall  be  deemed  to  be
contributions to the Plan by the Employer,  and a Participant's 401(k) Agreement
shall constitute an election to have his or her taxable  compensation reduced by
the amount of all such 401(k) Contributions.  401(k) Contributions shall be made
in accordance  with Plan rules and are subject to the  limitations  set forth in
this Article 4.

     4.2   Voluntary   Contributions.   The   Employer   shall  make   Voluntary
Contributions on an Eligible  Employee's behalf in an amount equal to the amount
of Salary that the Eligible  Employee has elected to contribute  pursuant to the
Eligible Employee's 401(k) Agreement.  However, no Voluntary Contributions shall
be made under the Plan for the period  from  January 1, 1993  through  April 30,
1993. Each Eligible Employee may make Voluntary  Contributions to the Plan in an
amount from two percent (2%) to a maximum of six percent  (6%) of such  Eligible
Employee's  Salary  for the  Plan  Year in  accordance  with  such  uniform  and
nondiscriminatory   rules  and   procedures   as  the  Company  may   establish.
Notwithstanding  the  previous  sentence,  an  Eligible  Employee's  election to
contribute  401(k)  Contributions  and Voluntary  Contributions  for a Plan Year
shall not exceed  thirteen  percent  (13%)  (prior to  January 1, 1993,  fifteen
percent (15%)) of such Eligible Employee's Salary for the Plan Year.

     4.3 401(k) Agreement.

          (a)  401(k)  Contributions  and/or  Voluntary  Contributions  shall be
authorized  by a  Participant  in writing  pursuant to a 401(k)  Agreement.  The
401(k)  Agreement shall provide that a Participant's  Salary shall be reduced by
any whole number percentage or whole dollar amount; provided,  however, that the
amount  of the  reduction  does not  exceed  the  limitations  set forth in this
Article 4.

          (b) A Participant may elect to suspend his or her 401(k) Contributions
and/or Voluntary  Contributions at any time by filing a notice on the prescribed
form with the  Employer.  Any such  election  shall be  effective  as soon as is
reasonably practical following receipt of such notice by the Employer. By giving
the Employer  reasonable  notice in the manner and at the time prescribed by the
Employer,  a Participant who has suspended 401(k) Contributions and/or Voluntary
Contributions  may  recommence  making  401(k)  Contributions  and/or  Voluntary
Contributions as of any Entry Date after the date on which 401(k)  Contributions
and/or Voluntary Contributions were suspended.

          (c) A Participant  may elect to change the amount of his or her 401(k)
Contributions  and/or  Voluntary  Contributions  no more than once each  quarter
effective  as of the first Entry Date  following  receipt by the Employer of the
Participant's  revised election form. Any such change must be made in the manner
and at the time prescribed by the Employer.

          (d)  The  Employer  shall  forward  all  401(k)  Contributions  and/or
Voluntary  Contributions to the Trustee for investment in the Trust, as provided
for in Article 6, as soon as reasonably  feasible  after such amounts would have
been paid to the Participants if not withheld from the Participants' Salary, but
in any event no later than  ninety (90) days after the date such  amounts  would
have been paid as Salary.

     4.4 Employer Contributions.

          (a) Profit Sharing Contributions.  For any Plan Year, the Employer may
make Profit  Sharing  Contributions  in any amount as may be  determined  by the
Employer in its sole discretion.  Such  contributions,  if any, shall be made in
the form of cash and shall be  allocated  as of the last day of the Plan Year to
the Profit  Sharing  Contributions  Accounts of all Eligible  Employees who have
completed  one Year of  Service in  accordance  with  Subsection  3.1(b) and are
employed during such Plan Year in the proportion  that the  Compensation of each
such Eligible Employee for the Plan Year bears to the total Compensation for all
such  Eligible  Employees  for such Plan  Year.  Notwithstanding  the  foregoing
sentence,  Employees  of the  Company  shall not be eligible to receive a Profit
Sharing  Contribution.  In addition,  the Company  shall have the  discretion to
exclude  Employees of any Affiliate of the Company from receiving Profit Sharing
Contributions,  so long as such exclusion does not result in  discrimination  in
favor of Highly  Compensated  Employees  in any  manner  prohibited  by  Section
401(a)(4) of the Code or the regulations applicable thereunder.  For purposes of
allocating  such  Profit  Sharing  Contributions  for any Plan Year  based on an
Eligible Employee's Compensation,  only Compensation  attributable to periods in
such Plan Year during which such Employee was a Participant  shall be taken into
account.

          (b) Employer Matching  Contributions.  For any Plan Year, the Employer
may make Employer  Matching  Contributions in any amount as may be determined by
the Employer, in its sole discretion. Such contributions, if any, may be made in
the form of Company  Stock or cash that shall be used to purchase  Company Stock
(or a  combination  thereof) and shall be  allocated  as of each payroll  period
during the Plan Year to the  Employer  Matching  Contributions  Accounts  of all
Eligible  Employees  who  have  made  401(k)   Contributions   and/or  Voluntary
Contributions  for the payroll period in the proportion  that each such Eligible
Employee's 401(k) Contributions  and/or Voluntary  Contributions for the payroll
period bears to the total 401(k)  Contributions  and/or Voluntary  Contributions
for all Eligible  Employees for such payroll period.  The Employer may uniformly
limit for all Eligible  Employees,  or just for those Eligible Employees who are
Highly  Compensated  Employees,   the  amount  of  401(k)  Contributions  and/or
Voluntary  Contributions  that are taken into account for purposes of allocating
Employer Matching Contributions.

     4.5 Qualified  Nonelective  Contributions.  For any Plan Year, the Employer
may make Qualified Nonelective  Contributions in any amount as may be determined
by the Employer in its sole  discretion.  Such  contributions,  if any, shall be
made in the form of cash and shall be  allocated  as of the last day of the Plan
Year to the 401(k) Accounts of all Eligible Employees who are employed as of the
last day of the Plan Year in the proportion  that the  Compensation of each such
Eligible Employee for the Plan Year bears to the total Compensation for all such
Eligible Employees for such Plan Year,  provided that the Employer may determine
that  allocations  of Qualified  Nonelective  Contributions  shall be limited to
individual Eligible Employees who are Non-Highly Compensated Employees or to all
Eligible Employees who are Non-Highly Compensated Employees, as the Employer may
determine  in  its  sole  discretion.   For  purposes  of  allocating  Qualified
Nonelective Contributions for any Plan Year based on an Employee's Compensation,
only  Compensation  attributable  to periods in such Plan Year during which such
Employee was an Eligible Employee shall be taken into account.

If the Company so determines,  it may cause Qualified Nonelective  Contributions
to be allocated to a separate Qualified  Nonelective  Contributions  Account for
each  Participant  established  for the purpose of  receiving  and holding  such
contributions instead of allocating such contributions to the 401(k) Accounts of
Participants.   Such  contributions  shall  meet  the  requirements  of  Section
401(m)(4)(C) of the Code and regulations applicable thereunder.

     4.6 Qualified Matching  Contributions.  For any Plan Year, the Employer may
make Qualified Matching  Contributions in any amount as may be determined by the
Employer, in its sole discretion.  Such contributions,  if any, shall be made in
the form of cash and shall be  allocated  as of the last day of the Plan Year to
the 401(k) Accounts of all Eligible Employees who have made 401(k) Contributions
and/or Voluntary Contributions for the Plan Year, and who are employed as of the
last day of the Plan Year, in the proportion that each such Eligible  Employee's
401(k) Contributions  and/or Voluntary  Contributions for the Plan Year bears to
the total 401(k) Contributions  and/or Voluntary  Contributions for all Eligible
Employees for such Plan Year,  provided that the Employer may limit  allocations
of Qualified  Matching  Contributions to individual  Eligible  Employees who are
Non-Highly Compensated Employees or to all Eligible Employees who are Non-Highly
Compensated Employees.

If the Company so determines,  it may cause Qualified Matching  Contributions to
be allocated to a separate  Qualified  Matching  Contributions  Account for each
Participant   established   for  the  purpose  of  receiving  and  holding  such
contributions instead of allocating such contributions to the 401(k) Accounts of
Participants.

     4.7 Time of Payment.  All  Employer  Contributions,  Qualified  Nonelective
Contributions,  and  Qualified  Matching  Contributions  shall  be  paid  to the
Trustee,  in one or more installments,  not later than the final date for filing
the  Employer's  Federal  income tax return for the fiscal year of the  Employer
within  which or with  which  occurs  the end of the Plan  Year for  which  such
contributions are made, including extensions of time granted for such filing.

     4.8 Rollover Contributions.

          (a) An  Eligible  Employee,  whether  or not he or she has  reached an
Entry  Date or  elected  to  make  401(k)  Contributions,  may  make a  Rollover
Contribution  subject to the  approval  of the Company  and in  accordance  with
procedures  approved by the  Company.  Upon such a Rollover  Contribution  by an
Eligible  Employee who has not yet otherwise  become a  Participant,  his or her
Rollover Account shall represent his or her sole interest in the Plan.

          (b) A  Rollover  Contribution  (other  than in the  case  of a  direct
trustee-to-trustee  transfer  (within the meaning of Section  401(a)(31)  of the
Code) made on or after January 1, 1993 or a plan-to-plan transfer) shall be made
within sixty (60) days of distribution  (or such longer time as may be permitted
by  regulations),  and shall  exclude any amounts  contributed  by the  Eligible
Employee  to the plan,  annuity or other  arrangement  from  which the  Rollover
Contribution  is derived.  In no event may an Eligible  Employee make a Rollover
Contribution (including as a result of a plan-to-plan transfer) that would cause
the Plan to be a direct or  indirect  transferee,  within the meaning of Section
401(a)(11)(B)(iii)(III)  of the Code and any regulations or rulings  thereunder,
of a plan described in Section 401(a)(11)(B)(i) or (ii) of the Code.

          (c) A Rollover  Contribution  shall be made only in the form of money.
In the event of a Rollover  Contribution  that is derived from a distribution to
the Eligible Employee of property other than money from a plan, trust or annuity
described in Sections  401(a) or 403(a) of the Code (but not from an  individual
retirement  account or annuity  described in Section 408(a) or (b) of the Code),
the  Rollover  Contribution  shall be made in an  amount  of money  equal to the
proceeds  from the bona fide sale of all or a portion  of such  property.  In no
event may a Rollover  Contribution  be made with  respect to a  distribution  of
property  other  than  money from an  individual  retirement  account or annuity
described in Section 408(a) or (b) of the Code or from a plan,  trust or annuity
described  in  Sections  401(a)  or  403(a)  of the Code to the  extent  of such
property that is retained by the Eligible Employee.

          (d)  An  Eligible   Employee  may  be  required  to  furnish  evidence
satisfactory to the Company that the amount of a proposed Rollover  Contribution
meets all of the  foregoing  requirements.  When made,  the Eligible  Employee's
Rollover  Contribution  shall be credited to such Eligible  Employee's  Rollover
Account as of the date such  contribution is received.  A Rollover  Contribution
shall  not be  considered  a  contribution  by  the  Employer,  and an  Eligible
Employee's Rollover Account shall be fully vested at all times.

     4.9 Nondiscrimination Requirements.

          (a) Actual  Deferral  Percentage  Test.  In no event  shall the Actual
Deferral Percentage for Eligible Employees who are Highly Compensated  Employees
exceed with respect to any Plan Year the greater of (1) or (2) as follows:

               (1) One hundred twenty-five percent (125%) of the Actual Deferral
Percentage for Eligible Employees who are Non-Highly Compensated Employees or

               (2) The lesser of (i) two  hundred  percent  (200%) of the Actual
Deferral  Percentage  for  Eligible  Employees  who are  Non-Highly  Compensated
Employees,  (ii) the Actual Deferral  Percentage for Eligible  Employees who are
Non-Highly  Compensated  Employees plus two (2) percentage  points, or (iii) the
highest amount which,  when taking into account the Actual  Deferral  Percentage
for Eligible Employees who are Non-Highly  Compensated  Employees and the Actual
Contribution   Percentages  for  Highly  Compensated  Employees  and  Non-Highly
Compensated  Employees,  respectively,  would not cause  the  "aggregate  limit"
(within the  meaning of Treasury  Regulations  Section  1.401(m)-2(b)(3))  to be
exceeded, in accordance with the provisions of Subsection 4.9(g) below.

          (b) Correction Methods to Meet Actual Deferral Percentage Test. In the
event  that for any Plan  Year  the  Actual  Deferral  Percentage  for  Eligible
Employees who are Highly Compensated  Employees  otherwise would not meet either
of the tests set forth above,  as required by Section  401(k)(3)(A) of the Code,
then the Employer shall elect one of the following  methods (or any  combination
thereof) of meeting one of those tests:

               (1) Excess  Contributions  may be  recharacterized  as  Voluntary
Contributions  for the Plan Year for any Highly  Compensated  Employees to whose
Accounts   Excess   Contributions   were  allocated  for  the  Plan  Year.  Such
recharacterized  amounts,  when added to the  Voluntary  Contributions,  if any,
actually made by such Highly Compensated  Employee during the Plan Year pursuant
to Section 4.2, shall not exceed the maximum  amount of Voluntary  Contributions
that such Highly Compensated  Employee is otherwise  permitted to make under the
Plan for such Plan  Year.  Recharacterization  must be made  within 2 1/2 months
after the close of the Plan Year.

               (2)  Excess  Contributions,  plus any  income  and minus any loss
allocable  thereto for such Plan Year, may be  distributed  after the end of the
Plan Year and within twelve (12) months after the close of such Plan Year to the
Highly  Compensated  Employees to whose Accounts such Excess  Contributions were
allocated for the Plan Year. If Excess Contributions are distributed more than 2
1/2 months  after the last day of the Plan Year in which such amounts  arose,  a
ten percent  (10%)  excise tax will be imposed on the  Employer  with respect to
such amounts as provided in Section  4979 of the Code.  The amount of any income
or loss to be allocated to Excess  Contributions  under this Paragraph (2) shall
be determined by  multiplying  the income or loss for the Plan Year allocable to
401(k)  Contributions  and  contributions  treated as 401(k)  Contributions by a
fraction. The numerator of the fraction is the Excess Contributions for the Plan
Year.  The  denominator  of  the  fraction  is  equal  to the  sum  of  (i)  the
Participant's  401(k) Account balance determined as of the beginning of the Plan
Year  and  (ii)  the  Participant's   401(k)  Contributions  and  any  Qualified
Nonelective  Contributions or Qualified Matching Contributions treated as 401(k)
Contributions  for the Plan Year.  Notwithstanding  any other  provision  in the
Plan,  the consent of a  Participant  or his or her spouse shall not be required
for a distribution of Excess Contributions and allocable income.

               (3)  In  its   discretion,   the  Employer  may  make   Qualified
Nonelective  Contributions  or  Qualified  Matching  Contributions  on behalf of
Non-Highly  Compensated  Employees  pursuant to  Sections  4.5 or 4.6 in amounts
sufficient  to meet  the  Actual  Deferral  Percentage  test  when  taking  such
contributions   into  account  to  the  extent  permitted  under  the  Plan  and
regulations under Section 401(k) of the Code.

          (c) Special Rules for Actual Deferral Percentage Limit Testing.

               (1) For  purposes of the Actual  Deferral  Percentage  test,  the
Deferral Rate of any Eligible Employee who is a Highly Compensated  Employee for
the Plan Year and who is  eligible  to have  401(k)  Contributions  or any other
employer  contributions  described in Section 401(k)(3)(D) of the Code allocated
to his or her accounts under two or more cash or deferred arrangements described
in  Section  401(k)  of the  Code  that are  maintained  by the  Employer  or an
Affiliate shall be determined as if all 401(k)  Contributions and any such other
employer contributions were made under a single cash or deferred arrangement. If
a Highly  Compensated  Employee  participates  in two or more  cash or  deferred
arrangements  described in Section  401(k) of the Code that have  different plan
years, all such arrangements that have plan years ending with or within the same
calendar year shall be treated as a single arrangement.

               (2) In the event that this Plan  satisfies  the  requirements  of
Sections 401(k),  401(a)(4) or 410(b) of the Code only if aggregated with one or
more other plans, or if one or more other plans satisfy the requirements of such
Sections of the Code only if  aggregated  with this Plan,  then this Section 4.9
shall be applied by  determining  the Actual  Deferral  Percentage  of  Eligible
Employees as if all such plans were a single plan.  Plans may be  aggregated  in
order to  satisfy  Section  401(k)  of the Code  only if they have the same Plan
Year.

               (3) For purposes of determining  the Deferral Rate of an Eligible
Employee who is a five percent (5%) owner of the Employer (within the meaning of
Section  416(i)(1)(B)(i)  of the Code) or one of the ten (10) most  highly  paid
Highly  Compensated  Employees for the Plan Year, the 401(k)  Contributions  and
Compensation  of such Eligible  Employee shall include the 401(k)  Contributions
and  Compensation  for the Plan Year of any of the  members of his or her family
who also are Eligible  Employees.  Such family  members shall be  disregarded as
separate  Employees  in  determining  the Actual  Deferral  Percentage  both for
Eligible  Employees who are  Non-Highly  Compensated  Employees and for Eligible
Employees who are Highly Compensated Employees. For this purpose, family members
shall be an Eligible  Employee's spouse and lineal ascendants or descendants and
the spouses of such lineal ascendants or descendants.

               (4) In order to be taken into  account for purposes of the Actual
Deferral Percentage test for a Plan Year, 401(k) Contributions must be allocated
to the Employee's  Account as of a date within such Plan Year. For this purpose,
401(k)  Contributions will not be considered to be allocated as of a date within
a Plan Year  unless  (i) the  allocation  is not  contingent  on the  Employee's
participation  in the Plan or performance of services on any date  subsequent to
that date and (ii) such  401(k)  Contributions  are made  before  the end of the
twelve-month period immediately following such Plan Year.

               (5) 401(k)  Contributions  will be taken into  account  under the
Actual  Deferral  Percentage  test  for a Plan  Year  only  if  they  relate  to
Compensation  that either would have been  received by the Eligible  Employee in
the Plan Year (but for his or her 401(k)  Agreement) or attributable to services
performed by the Eligible Employee in the Plan Year and would have been received
by the  Eligible  Employee  within 2 1/2 months after the close of the Plan Year
(but for his or her 401(k) Agreement).

               (6) Any  decrease  in the 401(k)  Contributions  for an  Eligible
Employee  resulting from the distribution of Excess  Contributions also shall be
effective  for  purposes  of  determining   the  amount  of  Employer   Matching
Contributions  or Qualified  Matching  Contributions to be made for the Eligible
Employee's benefit under Subsection 4.4(b) and Section 4.6, as the case may be.

               (7)  To  the  extent  401(k)  Contributions  are  distributed  or
returned to a Participant as excess Annual Additions pursuant to Section 4.11 of
the Plan,  such amounts shall be  disregarded  for purposes of  determining  the
Deferral Rate of a Participant.

               (8) To the extent 401(k)  Contributions are taken into account in
determining an Eligible Employee's  Contribution Rate for purposes of the Actual
Contribution  Percentage  test under  Subsection  4.9(d),  such amounts shall be
disregarded for purposes of determining the Deferral Rate.

               (9)  Excess  Elective  Deferrals  of  a  Non-Highly   Compensated
Employee that are  calculated  by taking into account only 401(k)  Contributions
under  this Plan and any other  plan  maintained  by the  Employer  and that are
distributed  to such  Non-Highly  Compensated  Employee  pursuant to  Subsection
4.1(d) of the Plan shall be disregarded for purposes of determining the Deferral
Rate of such Non-Highly Compensated Employee.

               (10) For purposes of Subsection  4.9(a),  Eligible Employee shall
include any Employee who would be eligible to make 401(k)  Contributions  to the
Plan but for a  suspension  due to a  withdrawal,  a loan,  an  election  not to
participate in the Plan, or the inability of the Employee to receive  additional
Annual Additions because of the limits imposed by Section 415(c)(1) or 415(e) of
the Code.

               (11) The Company shall  maintain such records as are necessary to
demonstrate compliance with the requirements of Subsection 4.9(a), including the
extent to which  Qualified  Nonelective  Contributions  and  Qualified  Matching
Contributions  are taken into  account for purposes of  determining  an Eligible
Employee's Deferral Rate.

          (d) Actual Contribution  Percentage Test. In no event shall the Actual
Contribution  Percentage  for  Eligible  Employees  who are  Highly  Compensated
Employees  exceed  with  respect  to any Plan Year the  greater of (1) or (2) as
follows:

               (1)  One  hundred   twenty-five  percent  (125%)  of  the  Actual
Contribution  Percentage for Eligible  Employees who are Non-Highly  Compensated
Employees or

               (2) The lesser of (i) two  hundred  percent  (200%) of the Actual
Contribution  Percentage for Eligible  Employees who are Non-Highly  Compensated
Employees or (ii) the Actual Contribution  Percentage for Eligible Employees who
are Non-Highly Compensated Employees plus two (2) percentage points.

          (e) Correction Methods to Meet Actual Contribution Percentage Test. In
the event that for any Plan Year the Actual Contribution Percentage for Eligible
Employees who are Highly Compensated  Employees  otherwise would not meet either
of the tests set forth above, as required by Section 401(m)(2) of the Code, then
the  Employer  shall  elect one of the  following  methods  (or any  combination
thereof) of meeting one of those tests:

               (1) Excess Aggregate Contributions, plus any income and minus any
loss allocable thereto for such Plan Year, may be forfeited, if forfeitable, or,
if not forfeitable, distributed after the end of the Plan Year and within twelve
(12)  months  after  the  close  of such  Plan  Year to the  Highly  Compensated
Employees to whose Accounts such Excess Aggregate  Contributions  were allocated
for the Plan Year. If Excess Aggregate Contributions are distributed more than 2
1/2 months  after the last day of the Plan Year in which such amounts  arose,  a
ten percent  (10%)  excise tax will be imposed on the  Employer  with respect to
such amounts as provided in Section  4979 of the Code.  The amount of any income
or loss to be allocated to Excess Aggregate  Contributions  under this Paragraph
(1) shall be  determined  by  multiplying  the  income or loss for the Plan Year
allocable  to the  Employer  Matching  Contributions,  Voluntary  Contributions,
Qualified Matching  Contributions and contributions treated as Employer Matching
Contributions  by a  fraction.  The  numerator  of the  fraction  is the  Excess
Aggregate  Contributions  for the Plan Year. The  denominator of the fraction is
equal  to the  sum of (i)  the  Participant's  Employer  Matching  Contributions
Account balance,  Voluntary Contributions Account balance and Qualified Matching
Contributions  Account  balance  determined as of the beginning of the Plan Year
and  (ii)  the   Participant's   Employer  Matching   Contributions,   Voluntary
Contributions,  Qualified Matching  Contributions and any Qualified  Nonelective
Contributions or 401(k) Contributions treated as Employer Matching Contributions
for the Plan Year.  Notwithstanding any other provision in the Plan, the consent
of a Participant  or his or her spouse shall not be required for a  distribution
of Excess Aggregate Contributions and allocable income.

               (2)  In  its   discretion,   the  Employer  may  make   Qualified
Nonelective  Contributions  or  Qualified  Matching  Contributions  on behalf of
Non-Highly  Compensated  Employees  pursuant to  Sections  4.5 or 4.6 in amounts
sufficient  to meet the Actual  Contribution  Percentage  test when  taking such
contributions   into  account  to  the  extent  permitted  under  the  Plan  and
regulations under Section 401(m) of the Code.

          (f) Special Rules for Actual Contribution Percentage Limit Testing.

               (1) For purposes of the Actual Contribution  Percentage test, the
Contribution Rate for any Eligible Employee who is a Highly Compensated Employee
for the Plan Year and who is eligible to have Employer  Matching  Contributions,
Voluntary Contributions,  Qualified Matching Contributions or any other matching
contributions  described in Section 401(m)(4)(A) of the Code allocated to his or
her accounts  under two or more plans  described  in Section  401(a) of the Code
that are  maintained  by the Employer or an Affiliate  shall be determined as if
all Employer Matching Contributions, Voluntary Contributions, Qualified Matching
Contributions and any such other matching contributions were made under a single
plan.  If a Highly  Compensated  Employee  participates  in two or more plans to
which are made contributions  described in Section 401(m)(4)(A) of the Code that
have  different  plan years,  all such plans that have plan years ending with or
within the same calendar year shall be treated as a single plan.

               (2) In the event that this Plan  satisfies  the  requirements  of
Sections 401(m),  401(a)(4) or 410(b) of the Code only if aggregated with one or
more plans,  or if one or more other  plans  satisfy  the  requirements  of such
Sections of the Code only if  aggregated  with this Plan,  then this Section 4.9
shall be applied by determining the Contribution  Rate of Eligible  Employees as
if all such  plans  were a single  plan.  Plans  may be  aggregated  in order to
satisfy Section 401(m) of the Code only if they have the same plan year.

               (3) For  purposes  of  determining  the  Contribution  Rate of an
Eligible  Employee who is a five percent (5%) owner of the Employer  (within the
meaning  of  Section  416(i)(1)(B)(i)  of the  Code) or one of the ten (10) most
highly  paid  Highly  Compensated  Employees  for the Plan  Year,  the  Employer
Matching   Contributions,    Voluntary    Contributions,    Qualified   Matching
Contributions,  and  Compensation  of such Eligible  Employee  shall include the
Employer Matching  Contributions,  Voluntary  Contributions,  Qualified Matching
Contributions,  and  Compensation for the Plan Year of any of the members of his
or her family who also are  Eligible  Employees.  Such family  members  shall be
disregarded as separate  employees in determining the Contribution Rate both for
Eligible  Employees who are  Non-Highly  Compensated  Employees and for Eligible
Employees who are Highly Compensated Employees. For this purpose, family members
shall be an Eligible  Employee's spouse and lineal ascendants or descendants and
the spouse of such lineal ascendants or descendants.

               (4) In order to be taken into  account for purposes of the Actual
Contribution  Percentage test for a Plan Year,  Employer Matching  Contributions
and  Qualified  Matching  Contributions  must (i) be  allocated  to the Eligible
Employee's  Account as of a date within the Plan Year under other  provisions of
the  Plan,  (ii)  be  made  on  account  of  the  Eligible   Employee's   401(k)
Contributions and/or Voluntary Contributions for the Plan Year and (iii) be made
before the end of the twelve-month  period  immediately  following the Plan Year
and  Voluntary  Contributions  must be made to the Trust within the Plan Year (a
payment by an  Eligible  Employee  to an agent of the Plan shall be treated as a
contribution  to the Trust at the time of payment to the agent if the funds paid
are transferred to the Trust within a reasonable period after the payment to the
agent).

               (5) To the extent  Voluntary  Contributions  are  distributed  or
returned to an Eligible Employee as excess Annual Additions  pursuant to Section
4.11 of the Plan,  such amounts shall be disregarded for purposes of determining
the Participant's Contribution Rate. Employer Matching Contributions,  Voluntary
Contributions, and Qualified Matching Contributions that are forfeited as Excess
Aggregate  Contributions  pursuant  to  Subsection  4.9(e) or because the 401(k)
Contributions to which they relate are treated as Excess  Contributions,  Excess
Elective  Deferrals or Excess  Aggregate  Contributions  shall not be taken into
account for purposes of the Actual Contribution Percentage test.

               (6) To the extent Qualified Matching Contributions are taken into
account in determining an Eligible  Employee's Deferral Rate for purposes of the
Actual Deferral  Percentage test under Subsection 4.9(a),  such amounts shall be
disregarded for purposes of determining the Contribution Rate.

               (7) For purposes of Subsection  4.9(d),  Eligible  Employee shall
include any  Employee  who would be eligible  to make 401(k)  Contributions  and
Voluntary   Contributions  to  the  Plan  and  thus  receive  Employer  Matching
Contributions and Qualified Matching Contributions but for a suspension due to a
withdrawal, a loan, an election not to participate in the Plan, or the inability
of the Eligible  Employee to receive  additional Annual Additions because of the
limits imposed by Section 415(c)(1) or 415(e) of the Code.

               (8) The Company  shall  maintain such records as are necessary to
demonstrate compliance with the requirements of Subsection 4.9(d), including the
extent to which 401(k) Contributions and Qualified Nonelective Contributions are
taken  into  account  for  purposes  of  determining   an  Eligible   Employee's
Contribution Rate.

          (g) Prevention of Multiple Use.  Notwithstanding  any other provisions
of the Plan to the  contrary,  in no event shall the sum of the Actual  Deferral
Percentage and the Actual Contribution Percentage for Eligible Employees who are
Highly Compensated Employees exceed with respect to any Plan Year the "aggregate
limit," as that term is defined in Treasury Regulations Section 1.401(m)-2(b)(3)
(relating  to the  multiple  use of the  alternative  limitations  contained  in
Sections  401(k)(3)(A)(ii)(II) and 401(m)(2)(A)(ii) of the Code,  respectively).
However, the aggregate limit will not be considered to have been exceeded in any
Plan Year if either the Actual  Deferral  Percentage or the Actual  Contribution
Percentage of the Eligible Employees who are Highly  Compensated  Employees does
not  exceed  1.25  multiplied  by  the  Actual  Deferral  Percentage  or  Actual
Contribution  Percentage,  as the case may be, of the Eligible Employees who are
Non-Highly  Compensated  Employees.  If, after  application of the provisions in
Subsections 4.9(b) and (e) above, such aggregate limit would be exceeded for any
Plan Year,  then either the Actual  Deferral  Percentage  of Highly  Compensated
Employees  for such  Plan  Year  shall be  reduced  or the  Company  shall  make
Qualified  Nonelective  Contributions  pursuant  to  Section  4.5  so  that  the
aggregate  limit is not  exceeded.  The  amount of any  reduction  of the Actual
Deferral  Percentage  for Highly  Compensated  Employees  under this  Subsection
4.9(g)  shall be  determined  in the same  manner as the  amount  of any  Excess
Contributions  is  determined,  as specified in Section 2.31, and such reduction
shall be treated as Excess  Contributions for purposes of the Plan. For purposes
of this  Subsection  4.9(g),  the  provisions  of Treasury  Regulations  Section
1.401(m)-2 are incorporated by reference herein.

     4.10 Reversion of Contributions. Except as provided in this Section 4.10 or
as  provided in Section  4.11 in the case of the  termination  of the Plan,  the
assets of the Plan shall never inure to the benefit of the  Employer,  and shall
be held for the exclusive purposes of providing benefits to Participants  and/or
their Beneficiaries, and for defraying the expenses of administering the Plan.

          (a) In the case of a contribution which is made by virtue of a mistake
of fact, this Section 4.10 shall not prohibit the return of such contribution to
the Employer within one (1) year after the payment of the contribution.

          (b) If a contribution is conditioned upon initial qualification of the
Plan under Section 401(a) of the Code, or any successor  provision thereto,  and
if the Plan does not so qualify,  then this  Section 4.10 shall not prohibit the
return of such  contribution  to the Employer within one (1) year after the date
of denial of initial  qualification of the Plan, but only if the application for
the  qualification  is  made  by the  time  prescribed  by law  for  filing  the
Employer's  return for the taxable  year in which the Plan is  adopted,  or such
later date as the Secretary of the Treasury may prescribe.

          (c) If a contribution  is conditioned  upon the  deductibility  of the
contribution under Section 404 of the Code, or any successor  provision thereto,
then to the  extent the  deduction  of such  contribution  is  disallowed,  this
Section 4.10 shall not prohibit the return of such  contribution  (to the extent
disallowed) to the Employer  within one (1) year after such  disallowance of the
deduction.

     4.11 Other Limitations on Contributions.

          (a)  In  no  event  shall  the  Annual  Additions   allocated  to  any
Participant's  Account in any Limitation Year exceed the lesser of (1) or (2) as
follows:

               (1) Twenty-five  percent (25%) of the Participant's  Compensation
for the Limitation Year; or

               (2) $30,000 (or, if greater,  1/4 of the defined  benefit  dollar
limit  then in  effect  under  Section  415(b)(1)(A)  of the Code,  as  adjusted
annually under Section 415(d) of the Code for increases in the cost of living).

          (b) If,  as a result  of (i) the  allocation  of  Forfeitures,  (ii) a
reasonable error in estimating a Participant's Compensation,  (iii) a reasonable
error in determining  the amount of 401(k)  Contributions  that may be made with
respect to any  Participant  under the limits of Section 415 of the Code or (iv)
other limited facts and circumstances  that the Commissioner of Internal Revenue
finds  justify  the  availability  of the relief  provisions  specified  in this
Section 4.11,  allocations  of Annual  Additions  would exceed the limitation of
Subsection  4.11(a) with  respect to any  Participant,  first the  Participant's
Voluntary  Contributions  for the  Limitation  Year,  plus any income  allocable
thereto for such Limitation Year, then the Participant's  401(k)  Contributions,
plus any income allocable thereto,  for the Limitation Year shall be distributed
to the Participant to the extent that the distributions  would reduce the excess
Annual  Additions  allocated  to the  Participant's  Account.  If excess  Annual
Additions remain for any Participant after available Voluntary Contributions and
401(k) Contributions have been distributed, the excess Annual Additions shall be
credited  to a  suspense  account  for the  Limitation  Year and used to  reduce
Employer  Contributions for the next Limitation Year (and succeeding  Limitation
Years, as necessary) for all Eligible Employees.

          (c) Any suspense  account  established  under  Subsection (b) shall be
maintained in accordance with the following special rules:

               (1) The balance in the suspense  account  shall be allocated  and
reallocated  (except to the extent  limited by  Subsection  4.11(a)) on the next
succeeding allocation date for allocation of contributions. The entire amount so
allocated  from the  suspense  account,  including  any gains,  income or losses
credited to the suspense  account in accordance with Paragraph (2) below,  shall
be considered as Annual Additions as of the date allocated.

               (2) Investment gains,  income or losses shall be allocated to the
suspense account.

               (3) No further Employer  Contributions may be made under the Plan
until the suspense account is exhausted.

               (4) In the event of termination of the Plan, the suspense account
shall be allocated and reallocated to the Accounts of all Eligible  Employees in
the  manner  prescribed  in  Subsections  4.11(b)  and (c) up to the  limits  of
Subsection 4.11(a) determined without regard to Compensation paid after the date
of Plan  termination.  Any remaining amount of said suspense account that cannot
be so reallocated shall be repaid to the Employer.

     (d) If a Participant has been a participant in a qualified  defined benefit
plan (as defined in Section  414(j) of the Code)  maintained  by the Employer or
any Affiliate,  in no event shall an Eligible  Employee be entitled to receive a
benefit in an amount  which  would  cause the sum of the  Defined  Benefit  Plan
Fraction  and the  Defined  Contribution  Plan  Fraction  to exceed  1.0 for any
Limitation  Year. In the event such sum of the Defined Benefit Plan Fraction and
the Defined  Contribution  Plan Fraction would otherwise exceed 1.0 for any Plan
Year, the projected annual  retirement  income benefit under the Defined Benefit
Plan Fraction shall be limited, to the extent necessary,  to reduce such Defined
Benefit Plan  Fraction so that the sum of the two fractions  hereunder  does not
exceed the foregoing 1.0 limitation.

     (e) Notwithstanding  other provisions of this Section 4.11 to the contrary,
the otherwise  permissible Annual Additions for any Eligible Employee under this
Plan may be further  reduced  to the  extent  necessary,  as  determined  by the
Company, to prevent  disqualification of the Plan under Section 415 of the Code,
which  imposes  additional  limitations  on the  benefits  payable  to  Eligible
Employees who also may be participating in certain other tax-qualified  pension,
profit sharing,  savings or stock bonus plans. The Company shall advise affected
Eligible  Employees  of any  additional  limitation  on their  Annual  Additions
required by the preceding sentence.

                                   Article 5

                             Participants' Accounts

     5.1  Individual  Accounts.  The  Company,  or the Trustee if the Company so
determines and the Trustee agrees, shall maintain, or cause to be maintained, an
Account for each Participant,  which shall consist of the following subaccounts,
as applicable:  a 401(k)  Account,  a Profit Sharing  Contribution  Account,  an
Employer Matching  Contributions  Account, a Voluntary  Contributions Account, a
Rollover Account,  and such other separate  subaccounts,  if any, as the Company
may  determine to establish  pursuant to Sections 4.5 or 4.6. The Company  shall
also  maintain,  or cause to be  maintained,  on behalf of each  Participant,  a
separate  accounting of each  Participant's  Account,  including  contributions,
transfers, withdrawals, earnings, losses and expenses attributable thereto.

     5.2  Revaluation of the Trust. As of each Valuation Date, the Company shall
cause to be determined the fair market value of all assets of the Trust,  giving
effect  to (i)  earnings,  (ii)  gains and  losses  and  (iii)  appreciation  or
depreciation  whether  or  not  realized.  The  method  of  valuation  shall  be
determined by the Trustee and shall be followed with reasonable consistency from
year to year. The aggregate  amount credited to the Accounts of all Participants
having  Accounts in the Trust shall be adjusted as of each  Valuation Date so as
to be  equal  to the  value  of all  assets  in the  Trust  on such  date.  Such
adjustment shall be made by allocating to the Account of each Participant, as of
the Valuation Date and prior to the allocation of contributions  and Forfeitures
for the Plan Year or such other  valuation  period,  that  proportion of the net
change in fair market value of all assets as is equal to the proportion that the
value of each such  Account  bears to the value of all such  Accounts  as of the
immediately  preceding  Valuation Date,  after making such adjustments as may be
appropriate to reflect  contributions,  loans or  distributions  which were made
subsequent to the preceding Valuation Date.

The Company may at any other time it deems  appropriate  under the circumstances
secure a determination  of the fair market value of the Trust as a whole, of one
or more of the separate  Investment Funds established under Article 6, or one or
more of the separate  subaccounts  maintained for a Participant.  In such event,
the Company may make a determination as of such date of the income, gain or loss
on any  such  respective  funds  since  the  preceding  Valuation  Date.  If the
allocation of such income, gain or loss will produce a significant change in the
value  of  Participants'   Accounts,  and  if  such  valuation  shall  affect  a
distribution,  then in the  discretion of the Company such date may thereupon be
deemed a Valuation  Date,  and the Company shall  allocate such income,  gain or
loss to the Accounts of  Participants  in the manner  provided in the  preceding
paragraph.

     5.3 Statements. At least once in each Plan Year, the Company shall cause to
be furnished to each  Participant  a statement  showing the values of his or her
Account pursuant to this Article 5 as of a Valuation Date occurring in such Plan
Year or the preceding Plan Year.

     5.4 Allocation of Investment Income.  Each  Participant's  Account shall be
revalued on each Valuation Date to reflect any investment income,  gains, losses
and  expenses  allocable  to  such  Account  as  well  as  any  adjustments  for
contributions to or distributions, loans or withdrawals from such Account.

                                   Article 6

                      Investment Of Participant's Accounts

     6.1 Investment Control.

          (a) A Participant shall have the right to direct the investment of his
or her 401(k) Account,  Voluntary Contributions Account, and Rollover Account or
a specified portion thereof in accordance with Section 6.3 among such Investment
Funds as are selected by the Company.

          (b) The Company shall have investment authority and responsibility for
Participants'  Profit Sharing  Contributions  Accounts.  Participants'  Employer
Matching Contributions Accounts shall be invested in Company Stock. Participants
do not  have  the  right to  direct  the  investment  of  their  Profit  Sharing
Contributions  Accounts and Employee Matching  Contributions  Accounts under the
Plan.

     6.2 Selection of Investment  Funds. The Company shall have the authority to
select and withdraw,  in its sole  discretion,  one or more Investment Funds for
the  investment  of  Participants'  401(k)  Accounts,   Voluntary  Contributions
Accounts, and Rollover Accounts upon prior written notice to Participants.

     6.3 Investment of Accounts.

          (a) If the Company  selects more than one Investment  Fund pursuant to
Section 6.2, each  Participant  may make an investment  election,  in accordance
with such rules as may be established by the Company,  which shall be applied in
a uniform and nondiscriminatory manner.

          (b) Each  Participant  who directs the investment of his or her 401(k)
Account,  Voluntary  Contributions  Account,  and  Rollover  Account  is  solely
responsible for the selection of his or her investment options. The Trustee, the
Company,  and the officers,  supervisors  and other employees of any such entity
are not  authorized to advise a Participant as to the manner in which his or her
401(k) Account,  Voluntary  Contributions Account, and Rollover Account shall be
invested.  The fact that an Investment  Fund is available to a  Participant  for
investment  under  the Plan  shall  not be  construed  as a  recommendation  for
investment  in that  Investment  Fund.  In the  event no  election  is made by a
Participant,  such amounts available for his or her election will be invested by
the Trustee in a balanced fund or similar investment.

     6.4 Change of Investment Election as to Future  Contributions.  The Company
shall  prescribe,  on a uniform  and  nondiscriminatory  basis,  the  timing and
frequency with which changes in investment  elections as to future contributions
are permitted.  The Company may establish and  communicate  to all  Participants
procedures  under which a Participant  may elect to change his or her investment
election under Section 6.3 as to future  contributions by the use of a telephone
exchange system maintained by the Investment Funds for such purposes, subject to
such restrictions as may be established by the Investment Fund.

     6.5 Transfers Between Investment Funds. The Company shall prescribe, on a
uniform  and  nondiscriminatory  basis,  the  timing  and  frequency  with which
Participants  may elect to transfer  amounts  already  allocated to their 401(k)
Account,   Voluntary   Contributions  Account,  and  Rollover  Accounts  between
available  Investment  Funds.  The Company may establish and  communicate to all
Participants  procedures  under which  Participants may indicate their elections
regarding transfers between Investment Funds by giving instructions  directly to
the manager or managers of any such funds, subject to such reasonable conditions
and  limitations  as to the  timing  and  frequency  of such  instructions  by a
Participant  as the  Company  from time to time may  prescribe  on a uniform and
nondiscriminatory  basis.  Such procedures shall specify (i) a reasonable method
for  providing  such  instructions  to the  fund  managers  (which  may  include
telephonic  instructions)  designed  to ensure  the proper  implementation  of a
Participant's   instructions   and   otherwise  to  protect  the   interests  of
Participants,  and (ii) the  frequency  with  which such  transfers  may be made
(which may be as frequently as daily) in accordance with new instructions of the
Participant.

                                    Article 7

                                     Vesting

     7.1 Fully Vested  Subaccounts.  A Participant shall at all times have a one
hundred  percent (100%)  nonforfeitable  interest in his or her 401(k)  Account,
Qualified Nonelective  Contributions  Account,  Qualified Matching Contributions
Account, Rollover Account, and Voluntary Contributions Account, as applicable.

     7.2 Vesting of the Profit Sharing Contributions Account.

          (a) If a  Participant's  employment  with the  Employer is  terminated
before his or her Early Retirement or Normal Retirement Age for any reason other
than Disability or death, in addition to the amounts credited to the subaccounts
identified in Section 7.1, the Participant  shall be entitled to an amount equal
to the "vested percentage" of his or her Profit Sharing  Contributions  Account.
Such vested percentage shall be determined based on the  Participant's  Years of
Service for vesting purposes in accordance with the following schedule:

                                                Vested
          Years of Service                    Percentage
          ----------------                    ----------
          Less than 3                              0%
          3 but less than 4                       20%
          4 but less than 5                       40%
          5 but less than 6                       60%
          6 but less than 7                       80%
          7 or more                              100%

          (b)  In all  events,  a  Participant's  Profit  Sharing  Contributions
Account shall be fully vested upon termination of his or her employment with the
Employer  on or  after  attainment  of his or her  Early  Retirement  or  Normal
Retirement Age or by reason of Disability or death.

     7.3 Vesting of the Employer Matching Contributions Account.

          (a) If a  Participant's  employment  with the  Employer is  terminated
before his or her Early Retirement or Normal Retirement Age for any reason other
than  Disability or death,  in addition to the amounts  credited to the Accounts
identified  in Sections  7.1 and 7.2,  the  Participant  shall be entitled to an
amount  equal  to the  "vested  percentage"  of his  or  her  Employer  Matching
Contributions  Account. Such vested percentage shall be determined in accordance
with the following schedule:

                                                Vested
          Years of Service                    Percentage
          ----------------                    ----------
          Less than 3                              0%
          3 but less than 4                       50%
          4 or more                              100%

          (b) In all events,  a Participant's  Employer  Matching  Contributions
Account shall be fully vested upon termination of his or her employment with the
Employer  on or  after  attainment  of his or her  Early  Retirement  or  Normal
Retirement Age or by reason of Disability or death.

     7.4 Change in Vesting Schedule.  Notwithstanding any other provision of the
Plan to the  contrary,  in the event that  either of the vesting  schedules  set
forth  in  Subsections  7.2(a)  and  7.3(a)  is  amended  by  the  Company,  any
Participant  with at least three (3) Years of Service)  for vesting  purposes at
the time such  amendment  first becomes  effective  shall be permitted to elect,
within a reasonable  period after the  adoption of such  amendment,  to have the
vested and  nonforfeitable  portion of his or her  Accounts  calculated  without
regard to such  amendment.  In the event  that the use of the  vesting  schedule
prior to amendment  would under all  circumstances  provide a  Participant  with
vested and  nonforfeitable  benefits in his or her Accounts that are equal to or
greater than the amount of such  benefits  after  applying  the amended  vesting
schedule, the Participant shall be deemed to have elected the use of the vesting
schedule  prior  to  amendment  for  purposes  of  calculating  the  vested  and
nonforfeitable  portion  of his or her  Accounts.  The period  during  which the
election may be made shall  commence  with the date the amendment is adopted and
shall end on the latest of (i) sixty (60) days after the  amendment  is adopted,
(ii) sixty (60) days after the amendment becomes effective,  or (iii) sixty (60)
days after the  Participant  is issued  written  notice of the  amendment by the
Company.

     7.5 Forfeitures.

          (a)  Any  remainder  of  a  terminated  Participant's  Profit  Sharing
Contributions  Account or Employer  Matching  Contributions  Account that is not
vested in accordance with the foregoing  vesting  schedules shall be retained in
such Accounts and forfeited at the earlier of the  following  dates:  (i) if the
Participant  receives any distribution out of the  Participant's  Accounts,  the
date of  such  distribution,  or (ii) if the  Participant  does  not  receive  a
distribution  out  of  the  Participant's   Accounts,  the  date  on  which  the
Participant incurs a Five Year Break in Service.

          (b) Amounts  forfeited under Subsection  7.5(a) shall be applied first
to restore the Account balances of any Participants entitled to such restoration
under Subsection (c) below.  Remaining Forfeiture amounts, if any, shall then be
used to:

               (1) Reduce any subsequent  Employer  Matching  Contributions  and
shall  be  allocated  to  the  Employer  Matching   Contributions   Accounts  of
Participants  in accordance  with the  provisions  of  Subsection  4.4(b) to the
extent such Forfeitures are attributable to Employer Matching Contributions; and

               (2) Reduce any subsequent Profit Sharing  Contributions and shall
be allocated to the Profit Sharing  Contributions  Accounts of  Participants  in
accordance  with  the  provisions  of  Subsection  4.4(a)  to  the  extent  such
Forfeitures are attributable to Profit Sharing Contributions..

          (c)  If a  previously  terminated  Participant  is  reemployed  by the
Employer  prior to  incurring a Five Year Break in Service and if the  nonvested
portion of his or her Accounts has been forfeited pursuant to Subsection 7.5(a),
an  amount  equal to the value of the  forfeited  portion  of the  Participant's
Profit Sharing Contributions Account and Employer Matching Contributions Account
shall  be  restored  to his or  her  Account  in  full  as of the  Participant's
Reemployment  Commencement  Date  without  adjustment  for any  gains or  losses
occurring subsequent to the time of the prior forfeiture. Such restoration shall
be made out of then  available  Forfeitures  of the  nonvested  portions  of the
Accounts of other  Participants in accordance with Subsection 7.5(b), if any, or
by a special  contribution from the Employer to the extent that Forfeitures then
available are insufficient.  The amount restored pursuant to this Subsection (c)
and the remaining balance of the Participant's  undistributed vested interest in
his  or  her  Profit  Sharing   Contributions   Account  and  Employer  Matching
Contributions  Account, if any, shall be maintained as a separate Profit Sharing
Contributions  Account and Employer Matching Contribution Account. Such separate
Accounts  shall share in the allocation of gain or loss pursuant to Section 5.2,
but shall not share in  allocations  pursuant  to Article  4.4. A  Participant's
vested  interest  in such  separate  Profit  Sharing  Contributions  Account and
Employer  Matching  Contribution  Account  shall  thereafter  be  determined  by
applying the following formula:

                 Vested interest = P(AB + (R X D))minus (R X D).

For purposes of applying the formula, P is the vested percentage,  in accordance
with  Subsections  7.2(a)  and  7.3(a) at the date of  determination;  AB is the
relevant  Account balance at the date of  determination;  D is the amount of the
distribution previously made; and R is the ratio of the relevant Account balance
at the date of  determination to the Account balance  immediately  following the
preceding distribution.

     7.6 Vesting on Reemployment.

          (a) Except as provided in  Subsection  (d) of this  Section  7.6, if a
Participant  or former  Participant  is  reemployed  after a one year  Period of
Severance  (including  a Five Year Break in  Service),  he or she shall  receive
credit  for  any  Period  of  Service  completed  prior  to his or her  date  of
reemployment for the purpose of computing his or her vested percentage after his
or her date of reemployment in his or her Profit Sharing  Contributions  Account
and  Employer  Matching  Contributions  Account  balance  related  to his or her
employment after his or her one year Period of Severance.

          (b) If a Participant or former  Participant is reemployed  after a one
year Period of Severance but before incurring a Five Year Break in Service, that
Participant's  employment after his or her one year Period of Severance shall be
taken into account,  together with his or her  employment  before his or her one
year Period of Severance, for purposes of computing his or her vested percentage
in his  or her  Profit  Sharing  Contributions  Account  and  Employer  Matching
Contributions  Account balance with respect to his or her  participation  before
such one year Period of Severance.

          (c)  If a  Participant  or  former  Participant  is  reemployed  after
incurring a Five Year Break in Service, no amounts shall be reinstated to his or
her Profit Sharing  Contributions  Account and Employer  Matching  Contributions
Account  under  Section  7.5(c),  and no Period of Service  after such Five Year
Break  in  Service  shall  be taken  into  account  in  determining  the  vested
percentage  in his or her Profit  Sharing  Contributions  Account  and  Employer
Matching  Contributions  Account  balance accrued before such Five Year Break in
Service.  The  undistributed  vested amount of a  Participant's  Profit  Sharing
Contributions Account and Employer Matching Contributions Account, if any, which
accrued prior to the Participant's Five Year Break in Service shall be held as a
separate   Profit   Sharing   Contributions   Account  and   Employer   Matching
Contributions  Account, as appropriate.  Such separate subaccount shall be fully
vested and shall share in allocation of gain or loss pursuant to Section 5.2 but
shall not share in allocations pursuant to Article 4.

          (d) If a Participant or former  Participant who had no vested interest
in his  or her  Profit  Sharing  Contributions  Account  and  Employer  Matching
Contributions  Account at the time of his or her  termination  of  employment is
reemployed  by the  Employer  after a Period of Severance of one year or longer,
the  Participant's  Period of Service  before such one year Period of  Severance
shall be disregarded for vesting  purposes if the Period of Severance  equals or
exceeds the greater of five (5)  consecutive  years or the aggregate  Periods of
Service, whether or not consecutive, completed before such Period of Severance.

                                   Article 8

                               Plan distributions

     8.1 Events Permitting Distribution. Except as otherwise provided in Section
16.3,  distribution of the balance  credited to a  Participant's  Account may be
made only under the following circumstances:

          (a) Upon termination of the Participant's employment for any reason;

          (b) In-service withdrawals to the extent permitted in Article 9;

          (c) Upon  termination of the Plan, if the Employer does not maintain a
successor defined contribution plan (other than an employee stock ownership plan
as  defined  in  Section  4975(e)  or 409 of the Code or a  simplified  employee
pension  plan as defined in  Section  408(k) of the Code) and the  Participant's
distribution is made in the form of a lump sum;

          (d)  Upon  the  sale,  to an  entity  that  is  not an  Affiliate,  of
substantially  all of the assets used by the  Employer in a trade or business in
which the Participant is employed, if the Participant's  distribution is made in
the form of a lump sum,  the Employer  continues to maintain the Plan  following
such sale, and the Participant  continues  employment with the purchaser of such
assets; or

          (e) Upon the  sale,  to an  entity  that is not an  Affiliate,  of the
interest  of  the  Employer  or  an  Affiliate  in a  subsidiary  in  which  the
Participant is employed,  if the Participant's  distribution is made in the form
of a lump sum, the Employer  continues to maintain the Plan following such sale,
and the Participant continues employment with such subsidiary.

     8.2 Applicable Distribution and Withdrawal Provisions. A Participant who is
an Employee may not receive any distributions  from the Plan prior to his or her
termination  of  employment  or the  termination  of the Plan  except (i) to the
extent  permitted  under  Article 9 as a  withdrawal  or (ii) as required  under
Section  8.5  (relating  to the  latest  time for  distributions).  Following  a
Participant's  termination  of  employment,  distribution  of his or her benefit
shall be made as provided below in this Article 8.

     8.3 Time of Distribution to Participant.

          (a) Except as provided in Sections  8.4,  8.5,  and 8.6,  and unless a
Participant elects otherwise,  the distribution of a Participant's benefit under
Section  8.7 shall  occur or  commence  not later than sixty (60) days after the
close  of the Plan  Year in  which  occurs  the  later of (i) the  Participant's
attainment  of his or her  Normal  Retirement  Age  or  (ii)  the  Participant's
termination of employment.

          (b) If the value of a  Participant's  entire  vested  benefit  exceeds
$3,500,  no distribution to such Participant  shall occur or commence before the
Participant  has attained the later of Normal  Retirement  Age or age  sixty-two
(62), unless an earlier distribution is elected by the Participant in accordance
with Subsection (c) below. For this purpose, if the Participant's vested benefit
at the time of any distribution  exceeded $3,500, the value of his or her vested
benefit at all times thereafter will be deemed to exceed $3,500.

          (c) The Company shall provide a Participant  with the notices required
by Section 402(f) of the Code and Treasury Regulation Section  1.411(a)-11(c) no
less than thirty  (30) days and no more than ninety (90) days before  receipt or
commencement of the distribution. A Participant may elect to receive or commence
receipt  of his or her  benefit at any  reasonable  time  after  termination  of
employment.  Such an election  must be made in writing not more than ninety (90)
days and not less  than  thirty  (30)  days  before  the date  requested  by the
Participant for the distribution to occur or commence.  If a distribution is one
to which Sections 401(a)(11) and 417 of the Code do not apply, such distribution
may be made or commence  less than  thirty  (30) days after the notice  required
under Treasury Regulation Section 1.411(a)-11(c) is given, provided that:

               (1)  The  Company  clearly  informs  the  Participant   that  the
Participant has a right to a period of at least thirty (30) days after receiving
the notice to consider  the  decision of whether or not to elect a  distribution
(and, if applicable, a particular distribution option), and

               (2) The  Participant,  after receiving the notice,  affirmatively
elects a distribution.

     8.4  Time  of  Distribution  of  Death  Benefits.  The  distribution  of  a
Participant's death benefit shall be made in accordance with Section 8.10.

     8.5 Latest Time of  Distribution.  Notwithstanding  any other  provision of
this Plan, the  distribution of a Participant's  benefit shall occur or commence
under this Article 8 no later than the  Participant's  Required  Beginning Date,
whether or not the Participant's  employment has terminated.  If the Participant
continues to participate in the Plan after his or her Required  Beginning  Date,
distribution of any additional  Plan benefit with respect to which  distribution
had not occurred or commenced as of the Required  Beginning  Date shall occur or
commence  under Section 8.7 during each calendar year  following a calendar year
in which such an additional benefit is accrued.

     8.6 Small Benefits: Immediate Payment.  Notwithstanding any other provision
of this  Article 8, if the value of a  Participant's  entire  vested  benefit is
$3,500 or less, then the benefit shall be paid to such  Participant  (or, in the
case of his or her death,  to the  Beneficiary)  in a single lump sum in cash as
soon as practical following the Participant's  termination of employment (unless
an earlier  distribution  is required by Section 8.5). For this purpose,  if the
Participant's  vested benefit at the time of any  distribution  exceeded $3,500,
the value of his or her vested benefit at all times thereafter will be deemed to
exceed $3,500.

     8.7 Form of Distribution to Participant.  A Participant's  benefit shall be
distributed in whichever of the following forms he or she elects:

          (a) A lump sum in cash.

          (b) Annual cash installments  payable over the life of the Participant
(or the lives of the  Participant  and his or her  Beneficiary) or over a period
certain not  exceeding  the  Participant's  life  expectancy  (or the joint life
expectancy  of  the  Participant  and  the  Participant's   Beneficiary).   Life
expectancies shall not be recalculated annually,  unless the Participant (or, in
the case of his or her death, the Participant's spouse) elects otherwise. During
the installment  period,  the remaining Account balance shall be credited with a
share of gains,  losses,  income and  expenses of the Trust in  accordance  with
Section 5.2, and the investment election procedures described in Article 6 shall
remain available to such  Participant.  The amount of each installment  shall be
determined by dividing the remaining  Account balance by the number of remaining
installments. With the Company's consent, the distribution of all or part of the
remaining Account balance may be accelerated at the Participant's request.

          (c) A life annuity providing the Participant with a monthly retirement
benefit  during  his  or  her  lifetime,  ceasing  with  the  last  payment  due
immediately preceding his or her date of death.

          (d) A year certain and life annuity  providing the Participant  with a
monthly  retirement  benefit  during his or her lifetime with the guarantee that
one hundred  twenty (120) monthly  retirement  benefit  payments will be paid to
either the  Participant or his or her  Beneficiary.  If this form is elected and
the  Participant  dies  prior to the  receipt of all of the  guaranteed  monthly
payments,  the balance of the  guaranteed  monthly  payments will be paid to the
Participant's  designated  Beneficiary  and will continue until the total of the
guaranteed  number of monthly payments have been made to the Participant and his
or her Beneficiary.  The first such payment to the Beneficiary  shall be due and
payable as of the first day of the month following the  Participant's  death. In
the  event  there  is no  designated  Beneficiary  living  at the  death  of the
Participant,  the balance of the guaranteed  monthly  payments  which  otherwise
would have become payable to the Participant's  designated  Beneficiary shall be
commuted  to a single  sum and  shall be paid to the  Participant's  Beneficiary
determined in accordance with Subsection  8.10(a) in the absence of a designated
Beneficiary.

          (e)  A  qualified  joint  and  survivor   annuity  that  provides  the
Participant  with a monthly  retirement  benefit during his or her lifetime with
payments made to the Participant's spouse after the Participant's death that are
equal to fifty percent (50%) or one hundred  percent  (100%),  as elected by the
Participant,  of the amount of the monthly  benefit  payable to the  Participant
during his or her life.

If a form of  benefit  has not been  elected  by the  time  for a  Participant's
distribution to occur under Section 8.3 or 8.5, the Participant  shall be deemed
to have elected a lump sum in cash.

     8.8  Qualified  Joint and Survivor  Annuity  Provisions.  If a  Participant
elects one of the forms of distribution set forth in Subsection  8.7(c),  (d) or
(e) and the Participant is married,  the Participant's  benefit shall be paid in
the form of a qualified joint and survivor annuity and the following rules shall
apply:

          (a) Waiver of Qualified Joint and Survivor Annuity.

               (1) Not more than ninety  (90) days  before the annuity  starting
date,  a  Participant  may elect to waive  the  applicable  qualified  joint and
survivor  annuity form of benefit and to receive  payment  instead in one of the
alternative forms specified in Section 8.7. If the Participant elects one of the
alternative  benefit forms  described in Section 8.7, the  Participant  also may
designate a  Beneficiary  other than his or her spouse to receive  any  benefits
payable following the Participant's death. A Participant may revoke any election
previously made under this Subsection (a) and may make a new election  hereunder
any number of times before the annuity  starting date. A Participant's  election
or revocation under this Subsection (a) shall be in writing.

               (2) An election to waive the qualified joint and survivor annuit
shall  not  be  valid  unless  the  Participant  has  received  the  notice  and
explanation  described in Subsection (b) below and the spouse of the Participant
consents  in writing to such  election in a manner  that  satisfies  the spousal
consent  requirements  set  forth  in  Subsection  8.11(b),  provided  that  the
Participant's  election  also must  designate  a  specific  alternative  form of
benefit  (as well as a  Beneficiary)  that may not be  changed  without  further
spousal consent (unless  expressly  permitted by the spouse's consent or a prior
consent).  Spousal  consent is not required in order for a Participant to revoke
an election to waive the qualified joint and survivor  annuity.  In the event an
election is revoked,  the qualified  joint and survivor  annuity form of benefit
shall  apply,  unless and until a new  election  to waive such  benefit is made,
subject to the spousal consent requirements set forth herein.

          (b) Notice and Explanation Requirements. Not more than ninety (90) and
not less than thirty (30) days before the  annuity  starting  date,  the Company
shall  notify the  Participant  in writing of his or her right to elect to waive
the  applicable  qualified  joint and  survivor  annuity  form of benefit.  Such
written notification shall include:

               (1) An  explanation of the terms and conditions of the applicable
qualified joint and survivor annuity, including the circumstances under which it
will be provided if no election is made to waive such form of benefit;

               (2) A statement of the Participant's right to make an election to
waive the qualified joint and survivor  annuity and an explanation of the effect
of such an election;

               (3) A statement of the Participant's  right to revoke an election
to waive the  qualified  joint and survivor  annuity and an  explanation  of the
effect of such a revocation;

               (4) A  statement  of the  right of the  Participant's  spouse  to
consent to the Participant's  election to waive the qualified joint and survivor
annuity and to the  Participant's  designation of an alternative form of benefit
or Beneficiary;

               (5) A general  explanation of the relative financial impact of an
election to waive the qualified joint and survivor annuity; and

               (6) A statement  regarding  the  availability  of the  additional
information described below in this Subsection (b).

Within  thirty  (30) days after  receipt of a timely  written  request  from the
Participant   for  additional   information,   the  Company  shall  provide  the
Participant with a written explanation,  in nontechnical  language, of the terms
and conditions of the alternative  forms of benefit available under the Plan and
the  financial  effect  (in  terms of  dollars  per  monthly  payment)  upon the
Participant's  monthly  benefit in case of an  election  to waive the  qualified
joint and survivor annuity and receive an alternative form of benefit.

          (c) Definition of Annuity  Starting  Date. The term "annuity  starting
date"  shall  mean the  first  day of the  first  period  for which an amount is
payable as an annuity  or, in the case of a benefit  not  payable as an annuity,
the date of distribution of the benefit.

     8.9 Qualified  Preretirement Survivor Annuity Provisions.  If a Participant
elects one of the forms of distribution set forth in Subsections 8.7(c), (d) and
(e), the following rules shall apply:

          (a) Qualified  Preretirement Survivor Annuity. If the Participant dies
before the annuity starting date (as defined in Subsection  8.8(c) above) and if
he or she is married at the time of his or her death,  the balance in his or her
Account  shall be  applied  toward the  purchase  of a  qualified  preretirement
survivor  annuity  described  below,  unless,  prior  to his or her  death,  the
Participant  elected to waive such form of benefit and designated an alternative
form of death benefit or  Beneficiary  in the manner  provided in Subsection (b)
below. If the Participant dies before the annuity starting date and if he or she
is not  married  at the  time of his or her  death,  the  balance  in his or her
Account  shall be  distributed  to his or her  Beneficiary  in  accordance  with
Section 8.10.

The qualified  preretirement survivor annuity shall consist of an immediate life
annuity which provides the spouse with a monthly  retirement  benefit during his
or her lifetime, the actuarial equivalent of which is one hundred percent (100%)
of the Participant's vested Account balance (adjusted for any outstanding loans)
as of the date of the  Participant's  death,  ceasing  with the last payment due
immediately preceding his or her date of death.

          (b) Waiver of Qualified Preretirement Survivor Annuity.

               (1) On or  after  the  first  day of the Plan  Year in which  the
Participant attains age thirty-five (35), the Participant may elect to waive the
qualified  preretirement  survivor annuity form of death benefit and designate a
Beneficiary  other than his or her spouse to receive  the  balance in his or her
Account in the event of his or her death prior to the annuity  starting date, in
accordance  with  Subsection  (d)  below.  In the  case of a  Participant  whose
employment terminates prior to the first day of the Plan Year in which he or she
attains age thirty-five (35), an election may be made at any time following such
termination of employment to waive the qualified  preretirement survivor annuity
with  respect  to his or her  Account  attributable  to  service  prior  to such
termination.  The Participant may revoke any election previously made under this
Subsection (b) and may make a new election  hereunder any number of times before
the annuity starting date or the Participant's  earlier death. The Participant's
election or revocation under this Subsection (b) shall be in writing.

               (2) An election  to waive the  qualified  preretirement  survivor
annuity  shall not be valid unless the  Participant  has received the notice and
explanation  described in Subsection (c) below and the spouse of the Participant
consents  in writing to such  election in a manner  that  satisfies  the spousal
consent  requirements  set forth in Subsection  8.11(b).  Spousal consent is not
required  in order  for the  Participant  to  revoke  an  election  to waive the
qualified  preretirement  survivor annuity. In the event an election is revoked,
the qualified  preretirement survivor annuity form of benefit shall again apply,
unless and until a new  election to waive such  benefit is made,  subject to the
spousal consent requirements set forth herein.

          (c) Notice and Explanation Requirements.  The Company shall notify the
Participant in writing of his or her right to waive the qualified  preretirement
survivor annuity form of benefit. Such notification shall contain an explanation
and such other information with respect to the qualified  preretirement survivor
annuity  which is  comparable  to that  required  under  Subsection  8.8(b) with
respect to the qualified  joint and survivor  annuity.  Such written  notice and
explanation  shall be  provided  to each  Participant  within  whichever  of the
following periods ends last:

               (1) The  period  beginning  on the  first day of the Plan Year in
which the  Participant  attains age thirty-two (32) and ending with the close of
the Plan  Year  preceding  the Plan Year in which the  Participant  attains  age
thirty-five (35).

               (2) The period  beginning one (1) year before and ending one (1 )
year after the time such individual became a Participant.

               (3) In the  case of a  Participant  whose  employment  terminates
prior to attaining  age  thirty-five  (35),  the period  beginning  one (1) year
before and ending one (1) year after such termination of employment.

               (4) The period  beginning  one (1) year before and ending one (1)
year after Sections 8.8 and 8.9 apply to the Participant.

          (d)  Alternative  Forms of Death  Benefit.  The death benefit  payable
under this  Section  8.9 to the  Beneficiary  of a married  Participant  who has
validly  waived  the  qualified   preretirement   survivor  annuity  or  to  the
Beneficiary of an unmarried Participant shall be paid in accordance with Section
8.10.

     8.10 Distribution of Death Benefit.  If a Participant dies before receiving
his or her entire benefit,  such Participant's  Beneficiary shall be entitled to
receive such benefit (or the  undistributed  portion  thereof)  after filing the
prescribed  claim form with the Company.  Subject to the  provisions of Sections
8.6 and 8.12, the Beneficiary's distribution shall be made as follows:

          (a) This  Subsection  8.10(a)  shall  apply  only in the event  that a
Participant  elected to receive  his or her benefit in  installments  or annuity
payments  under  Section  8.7 and then dies  after the  installment  or  annuity
payments have commenced but before such payments are  completed.  Subject to the
requirements  of  Subsection  8.12(c),  the  remaining  installments  or annuity
payments of such  Participant's  benefit  ordinarily shall be paid to his or her
Beneficiary  in  accordance  with  the   predetermined   distribution   schedule
originally established for him or her by the Company. However, a Beneficiary may
make a written  request,  subject to the Company's  consent,  to accelerate  the
distribution  of any or all unpaid  installments  to which such  Beneficiary  is
entitled.

          (b)  This  Subsection   8.10(b)  shall  apply  in  the  event  that  a
Participant  dies before his or her benefit is  distributed  and  Subsection (a)
above does not apply. A Beneficiary may receive the Participant's benefit in any
of the forms of distribution set forth in Section 8.7 as he or she elects.  If a
Beneficiary does not elect a form of  distribution,  the  Participant's  benefit
shall be paid to his or her  Beneficiary  in the  form of a  single  lump sum in
cash, and the distribution  shall be made as soon as reasonably  practical after
the Participant's death. However, in no event shall the lump sum distribution be
made later than five (5) years after the Participant's death.

     8.11 Beneficiary Designation; Spousal Consent Rights.

          (a) A Participant's  Beneficiary  shall be the person(s) so designated
by such Participant. If the Participant has not made an effective designation of
a Beneficiary or if the designated Beneficiary is not living when a distribution
is to be made, then (i) the surviving spouse of the deceased  Participant  shall
be the Beneficiary, if then living, or (ii) if none, the then living children of
the deceased Participant shall be the Beneficiaries in equal shares, or (iii) if
none,  the  then  living  parents  of  the  deceased  Participant  shall  be the
Beneficiaries in equal shares,  or (iv) if none, the then living brothers and/or
sisters of the deceased  Participant shall be the Beneficiaries in equal shares,
or (v) if none,  the estate of the  Participant  shall be the  Beneficiary.  The
Participant  may change his or her  designation  of a  Beneficiary  from time to
time. Any designation of a Beneficiary  (or an amendment or revocation  thereof)
shall be effective only if it is made in writing on the  prescribed  form and is
received by the Employer prior to the Participant's death.

          (b) The designation by a married  Participant of a primary Beneficiary
other  than  his  or  her  surviving  spouse  shall  not be  valid  unless  such
designation  (i)  includes  the  written  consent of the  surviving  spouse that
acknowledges  the effect of such  designation  and is witnessed by either a Plan
representative  or a notary public,  and (ii) names a specific  Beneficiary that
may not be changed  without  further  spousal  consent  (unless the consent or a
prior consent  expressly  permits  designations by the  Participant  without any
requirement of further  consent by the spouse).  Such consent shall be effective
only as to the spouse who signs the consent and, once given,  may not be revoked
by such spouse. Notwithstanding the foregoing, such spousal consent shall not be
required if it is established to the satisfaction of a Plan  representative that
the required consent cannot be obtained because there is no spouse,  because the
Participant  is legally  separated from or has been abandoned by the spouse (and
the Participant has a court order to that effect),  because the spouse cannot be
located,  or because of other  circumstances  that are deemed  acceptable  under
applicable  Treasury   Regulations.   If  a  Participant's   spouse  is  legally
incompetent to give consent, the spouse's legal guardian may do so, even if such
guardian is the Participant.  A designation of Beneficiary made by a Participant
and  consented  to by his or her spouse may be  revoked  by the  Participant  in
writing  without  the consent of the spouse at any time prior to the time his or
her benefit is distributed  or commences.  Any new election must comply with the
requirements of this Subsection (b).

          (c) The Company may require  such proof of death and such  evidence of
the right of any person to receive payment under Section 8.10 as the Company may
deem advisable. The Company's determination of the right under this Section 8.11
of any person to receive payment shall be final and conclusive upon all persons.

     8.12 Minimum Required Distributions; Incorporation of Regulations.

          (a) All  distributions  under  the  Plan  shall  comply  with  Section
401(a)(9)  of the Code and the  regulations  promulgated  thereunder,  including
Treasury  Regulations  Section  1.401(a)(9)-2,  and the  provisions  of the Plan
reflecting Section 401(a)(9) of the Code (including Section 8.5 and this Section
8.12) shall  override  any other  provisions  of the Plan that are  inconsistent
therewith.

          (b) All  distributions  shall be payable in  accordance  with Treasury
regulations  over the life of the  Participant  (or the lives of the Participant
and his or her designated Beneficiary) or over a period not extending beyond the
life  expectancy  of the  Participant  (or the  joint  life  and  last  survivor
expectancy  of the  Participant  and  his or her  designated  Beneficiary).  The
present  value  of the  payments  to be  made  to  the  Participant  during  the
Participant's  life  expectancy  shall be no less  than is  required  under  the
"incidental  death  benefit"  rule of Section  401(a)(9)(G)  of the Code and the
regulations thereunder.

          (c)  Notwithstanding  anything  in  the  Plan  to the  contrary,  if a
Participant dies before the distribution of his or her benefits has been made or
commenced,  the Participant's entire benefit shall be distributed by December 31
of the calendar year  containing the fifth (5th)  anniversary of the date of his
or her death;  provided  that any portion of the  benefit  which is payable to a
designated Beneficiary may be distributed (i) over the life of (or over a period
not extending  beyond the life expectancy of) such  Beneficiary,  (ii) beginning
not later  than one year after the date of the  Participant's  death or, if such
Beneficiary is the Participant's surviving spouse,  beginning not later than the
date on which the Participant would have attained age 70 1/2. If the spouse dies
before  distributions  begin, the spouse shall be treated as the Participant for
purposes of these provisions.

          (d)  Notwithstanding  anything  in  the  Plan  to the  contrary,  if a
Participant  dies after  distribution of his or her benefits has commenced,  the
remaining  portion of the  benefit  will be  distributed  at least as rapidly as
under the  method of  distribution  in effect at the date of such  Participant's
death.

          (e) For purposes of Subsections  (c) and (d) above,  distribution of a
Participant's  benefits  are treated as having  commenced  on the  Participant's
Required Beginning Date, even though payments may actually have been made before
that date.

          (f) For purposes of this  Section 8.12 and to the extent  permitted by
law, any amount paid to a Participant's child shall be treated as if it had been
paid to the Participant's surviving spouse if such amount will become payable to
the  surviving  spouse upon such child  reaching  the age of majority  (or other
designated event permitted by law).

     8.13 Direct Rollover.

          (a) Effective  January 1, 1993,  notwithstanding  any provision of the
Plan to the contrary that would otherwise  limit a distributee's  election under
this  Section  8.13,  a  distributee  may  elect,  at the time and in the manner
prescribed by the Company and in  accordance  with the  regulations  promulgated
under Section  402(c) of the Code,  to have any portion of an eligible  rollover
distribution  paid  directly to an eligible  retirement  plan  specified  by the
distributee in a direct rollover.

          (b) For purposes of this Section 8.13 and Section 8.14:

               (1) "Eligible  retirement  plan" means an  individual  retirement
account  described  in  Section  408(a) of the Code,  an  individual  retirement
annuity  (other than an endowment  contract)  described in Section 408(b) of the
Code, a qualified  trust  described in Section 401(a) of the Code, or an annuity
plan  described in Section  403(a) of the Code,  that accepts the  distributee's
eligible  rollover  distribution.  However,  in the case of an eligible rollover
distribution  to  the  surviving  spouse,  an  eligible  retirement  plan  is an
individual retirement account or an individual retirement annuity.

               (2) "Eligible rollover distribution" means any distribution, in a
form  permitted  under  Section  8.7 of the Plan,  of all or any  portion of the
balance  to  the  credit  of  the   distributee,   except  that  the   following
distributions shall not be eligible rollover distributions: (i) any distribution
that is one of a series  of  substantially  equal  periodic  payments  (not less
frequently  than  annually)  made  for the  life  (or  life  expectancy)  of the
distributee or the joint lives (or joint life  expectancies)  of the distributee
and the distributee's  designated beneficiary,  or for a specified period of ten
(10) years or more, (ii) any  distribution  required under Section 8.5 and (iii)
the portion of any distribution that is not includable in gross income.

               (3)  "Distributee"  means an  Employee  or  former  Employee.  In
addition,   the  Employee's  or  former  Employee's  surviving  spouse  and  the
Employee's  or former  Employee's  spouse or former  spouse who is the alternate
payee under a qualified  domestic  relations order, as defined in Section 414(p)
of the Code,  are  distributees  with  regard to the  interest  of the spouse or
former spouse.

               (4) "Direct rollover" means a payment by the Plan to the eligible
retirement plan specified by the distributee.

     8.14 Withholding on Distributions.  Distributions  under this Plan shall be
subject to Federal income tax  withholding  to the extent  prescribed by Section
3405 of the Code.  Effective January 1, 1993, in accordance with Section 3405(c)
of the Code and the regulations thereunder, if a Participant elects to receive a
distribution  of any portion of an eligible  rollover  distribution  rather than
have such distribution  transferred  directly to an eligible  retirement plan in
accordance with Section 8.13, the Company shall withhold or cause to be withheld
from  such  distribution  an  amount  equal  to  twenty  percent  (20%)  of such
distribution.

     8.15  Deferred   Distribution.   The  Accounts  of  Participants  who  have
terminated employment and have not yet received the entire value of their vested
Plan   benefit  may  be  charged   with  their   proportionate   shares  of  the
administrative  expenses of the relevant  Investment Funds and with their shares
of any per Participant fees charged by a third party administrator.

     8.16 Determination of Account Balance. Whenever a Participant or his or her
Beneficiary  is entitled  to receive a  distribution  of the entire  amount or a
percentage  of his or her Account  balance,  the amount of such Account  balance
shall be determined as of the Valuation Date  immediately  preceding the date of
distribution,  as adjusted for  contributions  and  withdrawals  made after such
Valuation Date.

     8.17 Reemployment of Participants Receiving Payments. In the event that a
Participant who is receiving  installment or annuity payments under this Article
8, which are payable as a result of the Participant  attaining Normal Retirement
Age or the  Participant's  Disability,  is  reemployed  by  the  Employer,  such
Participant  shall  continue  to  receive  payments  from his or her  Account in
accordance with the method of payment in effect prior to his or her reemployment
unless such method is  changed.  Payments  shall be drawn from his or her entire
Account,  including any contributions  allocated to his or her Account after his
or her reemployment.

     8.18 No Liability.  Any payment to any Participant,  or to his or her legal
representative  or  Beneficiary,  in accordance with the provisions of the Plan,
shall to the extent thereof be in full  satisfaction  of all claims for benefits
hereunder  against the  fiduciaries of the Plan,  including the Employer and the
Trustee,  any of whom may require  such  Participant,  legal  representative  or
Beneficiary,  as a condition  precedent  to such  payment,  to execute a receipt
therefor in such form as shall be determined by the  fiduciary  requesting  such
receipt.  The Employer  does not guarantee the Plan,  the  Participants,  former
Participants or their legal  representatives or Beneficiaries against loss of or
depreciation in value of any right or benefit that any of them may acquire under
the terms of the Plan. All of the benefits  payable  hereunder  shall be paid or
provided  for  solely  from the  Trust,  and the  Employer  does not  assume any
liability or responsibility therefor.

                                   Article 9

                           Withdrawals While Employed

     9.1 Withdrawals From Voluntary Contributions Account. A Participant who has
made Voluntary  Contributions  and who is an Employee may make a withdrawal from
his or her Voluntary Contributions Account once per Plan Year.

     9.2 Withdrawals From Rollover Account.  Subject to the limitation contained
in Section 9.7, a Participant who has made a Rollover Contribution and who is an
Employee may make a withdrawal from his or her Rollover Account at any time. The
amount that may be withdrawn under this Section 9.2 shall not exceed the balance
credited to the Participant's  Rollover Account.  Notwithstanding  the foregoing
provisions of this Section 9.2, to the extent  required by  applicable  rules or
regulations  in order to maintain the  qualification  of the Plan or a plan from
which assets are  transferred  to the Plan,  the  withdrawal of any portion of a
Participant's  Rollover Account that is attributable to a plan-to-plan  transfer
to the Plan from  another  qualified  plan shall be  subject  to any  additional
limitation  imposed  on  the  amounts  so  transferred  by the  transferor  plan
immediately prior to such transfer.

     9.3 Withdrawals  From 401(k) Account.  A Participant who is an Employee may
make a withdrawal from his or her 401(k) Account if:

          (a) He or she has attained age fifty-nine and one-half (59 1/2) or

          (b) Subject to the  restrictions of Section 9.6, he or she is eligible
for a Hardship withdrawal.

     9.4  Withdrawals  from Profit  Sharing  Contributions  Account and Employer
Matching  Contributions  Account.  A  Participant  who is an Employee may make a
withdrawal  from the vested portion of his or her Profit  Sharing  Contributions
Account and Employer  Matching  Contributions  Account if he or she has attained
age  fifty-nine  and one-half (59 1/2).  The amount that may be withdrawn  under
this Section 9.4 shall not exceed the vested portion of the balance  credited to
the  Participant's  Profit Sharing  Contributions  Account and Employer Matching
Contributions Account.

     9.5 Company Consent. The Company, in its sole discretion,  may withhold its
consent to any withdrawal under this Article 9, and the Company may consent only
to the  withdrawal  of a part of the amount  requested by the  Participant.  The
Company   shall  act  upon   requests   for   withdrawals   in  a  uniform   and
nondiscriminatory  manner,  based on written,  objective criteria and consistent
with the  requirements  of Section 401(a),  Section  401(k),  Section 401(m) and
related provisions of the Code.

     9.6 Hardship Withdrawal Rules.

          (a) A Hardship  withdrawal must be made on account of an immediate and
heavy financial need of the  Participant  arising solely from one or more of the
following:

               (1)  Costs  directly  related  to the  construction  or  purchase
(excluding mortgage payments) of the Participant's principal residence;

               (2) Expenses for medical care  described in Section 213(d) of the
Code which (i) were previously  incurred by the Participant or the Participant's
spouse  or  dependent  (as  defined  in  Section  152 of the  Code)  or (ii) are
necessary for such persons to obtain such medical care;

               (3) Payment of tuition and related  educational fees for the next
twelve (12) months of post-secondary education for the Participant or his or her
spouse, child or dependent (as defined in Section 152 of the Code);

               (4) Payment of amounts  necessary  to prevent the eviction of the
Participant  from  his or her  principal  residence  or the  foreclosure  of the
mortgage on the Participant's principal residence; or

               (5) Any other financial need that has been identified as a deemed
immediate and heavy financial need in a ruling of general  applicability  issued
under the authority of the Commissioner of the Internal Revenue Service.

          (b) A Hardship  withdrawal  must be necessary to satisfy the financia
need of the Participant. In order to qualify for a Hardship withdrawal:

               (1) The  amount of the  Hardship  withdrawal  must not exceed the
amount of the immediate and heavy financial need of the Participant.  The amount
of the immediate and heavy  financial need may include any amounts  necessary to
pay any federal, state or local income taxes or penalties reasonably anticipated
to result from the distribution of the Hardship withdrawal.

               (2) The Participant must have obtained all  distributions,  other
than Hardship  withdrawals,  and all nontaxable loans currently  available under
all plans maintained by the Employer,  unless obtaining such loan would increase
the Participant's Hardship.

               (3) Upon receipt of a Hardship withdrawal,  the Participant shall
be  suspended  from  making  401(k)   Contributions  to  the  Plan  or  elective
contributions  to any other plan  maintained  by the  Employer  or an  Affiliate
(including  qualified and  nonqualified  plans,  but excluding health or welfare
benefit  plans) for twelve (12)  months  following  the receipt of the  Hardship
withdrawal.

               (4) Upon receipt of a Hardship  withdrawal,  the  Participant may
not make 401(k) Contributions to the Plan or elective contributions to any other
plan  maintained by the Employer or an Affiliate for the  Participant's  taxable
year immediately  following the year of the Hardship withdrawal in excess of the
applicable  limit under Section 402(g) of the Code for such following year, less
the amount of such Participant's  401(k)  Contributions to the Plan and elective
contributions  to any other plan  maintained by the Employer or an Affiliate for
the year of the Hardship withdrawal.

          (c) The Company's  determination  of an immediate and heavy  financial
need of the  Participant,  the  amount  required  to  satisfy  such need and the
Participant's  lack of other  resources  reasonably  available to meet such need
shall be made in a uniform  and  nondiscriminatory  manner  with  respect to all
Participants.

          (d)   Notwithstanding  any  other  provision  of  this  Article  9,  a
Participant  shall  not be  permitted  to  make  a  Hardship  withdrawal  of any
Qualified  Nonelective  Contributions or Qualified Matching  Contributions or of
any earnings on such contributions  credited to his or her Account,  unless such
Qualified Nonelective  Contributions or Qualified Matching Contributions and any
earnings  on  such  contributions  were  credited  to his or her  Account  as of
December 31, 1988.

          (e) Hardship  withdrawals  from a  Participant's  401(k) Account under
this  Article 9 shall be limited to an amount equal to the  Participant's  total
401(k)  Contributions  under  the  Plan,  determined  as  of  the  date  of  the
withdrawal,  reduced  by  the  amount  of  any  previous  Hardship  withdrawals.
Notwithstanding  the  foregoing,  earnings  credited to a  Participant's  401(k)
Account as of December 31, 1988 which are  attributable to 401(k)  Contributions
may also be withdrawn.

          (f) In order to qualify  for a Hardship  withdrawal,  the  Participant
must submit a properly  completed  withdrawal  request form in  accordance  with
procedures established by the Company.

     9.7  Frequency  and  Source  of  Withdrawals.  A  Participant  shall not be
permitted  to make more than one  withdrawal  under  this  Article 9 in any Plan
Year;  provided,  however,  that  withdrawals  made at the  same  time  shall be
considered  a single  withdrawal.  Withdrawals  shall be paid from the  affected
Account and  subaccounts.  If more than one Investment  Fund is available to pay
the  withdrawal,  the  withdrawal  shall be made pro  rata  from the  Investment
Fund(s); provided,  however, that a Hardship withdrawal shall be made only after
the  maximum  amount  available  without   demonstrating  a  Hardship  has  been
withdrawn.

     9.8 Payment of  Withdrawals.  A  Participant  may request a  withdrawal  by
filing the  prescribed  withdrawal  request form with the Company.  A withdrawal
shall be paid as soon as  reasonably  practical  after  the  date on  which  the
Company  receives  the  prescribed  withdrawal  form  (subject to the  Company's
consent). Withdrawals shall be paid only in a single lump sum payment in cash.

     9.9  Valuation  Date.  For  purposes  of this  Article  9,  the  value of a
Participant's  Account and the vested  percentage  of any  subaccounts  shall be
determined as of the Valuation Date coinciding with or following the date of the
withdrawal request.

                                   Article 10

                               Loans from the plan

     10.1  Eligibility  for Loans.  Upon  written  approval  of the  Company,  a
Participant  who  is an  Employee  or a  Participant  who is an  employee  of an
Affiliate  may obtain a cash loan from the Plan as provided in this  Article 10.
Notwithstanding   the  foregoing,   to  the  extent  required  under  applicable
Department  of Labor  regulations,  a  Participant  who is not an  Employee  but
otherwise  is a "party in  interest"  (within  the  meaning of Section  3(14) of
ERISA) also shall be eligible to receive a loan under the terms of this  Article
10.

     10.2 Amount of Loans.

          (a) The minimum amount of a Participant's loan shall be $1,000.

          (b) The maximum amount of a loan shall be the lesser of (i) 50% of the
sum of  the  Participant's  401(k)  Account,  Rollover  Account,  and  Voluntary
Contributions Account balances or (ii) the amount determined under Section 10.3.

          (c) For purposes of this Section 10.2, a Participant's Account balance
shall be determined as of the Valuation  Date  coinciding  with or following the
date of the loan request.

     10.3 Aggregate Loan Limitation.  No loan shall be granted under the Plan if
it would cause the aggregate balance of all loans that a Participant  thereafter
has outstanding  under this Plan or under any other qualified plan maintained by
the Employer or any Affiliate to exceed the lesser of:

          (a) $50,000,  less the amount by which such aggregate balance has been
reduced through repayments during the period of twelve (12) months ending on the
day before such loan is made; or

          (b) The  greater of (i)  $10,000 or (ii) 50% of the vested  portion of
all  accounts of the  Participant  under this Plan or under any other  qualified
plan maintained by the Employer or any Affiliate.

     10.4 Loan  Requirements.  Loans to Participants shall be made on such terms
and  conditions  as the Company may determine in its sole  discretion,  provided
that loans shall:

          (a) Be available to all Participants on a reasonably equivalent basis;

          (b) Other than by  operation of the  limitations  contained in Section
10.2, not be made available to Highly Compensated Employees in an amount greater
than the amount made available to other Employees;

          (c) Bear a reasonable rate of interest;

          (d)  Provide  for level  amortization  over its term with  payments at
quarterly or more frequent intervals, as determined by the Company;

          (e) Provide for  repayment in full on or before the earlier of (i) the
date  when the  Participant  ceases  to be an  Employee,  or a  reasonable  time
thereafter,  or (ii) the date five (5) years after the loan is made (or the date
ten (10) years  after the loan is made if the loan is used to acquire a dwelling
unit that,  within a reasonable  period of time,  is to be used as the principal
residence of the Participant); and

          (f) Be adequately secured.

     10.5 Loan Policy.  The terms and conditions of any loans made from the Plan
shall be set forth in a "Loan  Policy" that shall be adopted by the Company as a
part of the Plan, and which hereby are  incorporated  in this Plan by reference.
Such Loan  Policy may be  amended  from time to time by the  Company,  and shall
provide, among other things:

          (a) The identity of the person or positions  authorized  to administer
the loan program established pursuant to this Article 10;

          (b) The procedure for applying for loans;

          (c) The basis on which loans will be approved or denied;

          (d)  Limitations  (if any) on the types and  amount of loans  that are
available under the Plan;

          (e) The procedure for  determining a reasonable  rate of interest that
will be charged on loans;

          (f) The types of collateral that may secure a Participant's loan; and

          (g) The events  constituting  default and the steps that will be taken
to preserve Plan assets in the event of such default.

     10.6 Segregated  Investment.  A loan to a Participant under this Article 10
shall be a segregated  investment  of the Account and  applicable  subaccount of
such Participant  made at the  Participant's  direction.  Principal and interest
payments  on a  Participant's  loan  shall be  allocated  to such  Participant's
Account.  Any loss caused by nonpayment or other default on a Participant's loan
obligations shall be borne solely by such Participant's Account, and neither the
Company nor the  Trustee,  nor any  employee of any of the  foregoing,  shall be
liable for any such loss.

                                   Article 11

                            Funding Policy And Method

     11.1 Contributions.  The Company shall cause the participating Employers to
make Profit Sharing Contributions,  Employer Matching  Contributions,  Qualified
Nonelective Contributions,  and Qualified Matching Contributions to the Plan, as
provided  in  Article  4. The  Company  shall  also  make  arrangements  for the
collection  of  401(k)  Contributions,   Voluntary  Contributions  and  Rollover
Contributions, as provided in Article 4.

     11.2  Expenses  of the  Plan.  The  participating  Employers  shall pay all
expenses of the Plan, except such expenses as are paid out of the Trust pursuant
to the terms of the Trust Agreement entered into with the Trustee.

     11.3 Cash  Requirements.  From time to time, the Company shall estimate the
benefits,  withdrawals,  loans and administrative expenses to be paid out of the
Trust during the period for which such  estimate is made and shall also estimate
the  contributions to be made to the Plan during such period by Participants and
by (or on behalf of) the participating  Employers.  The Company shall inform the
Trustee and each Investment Manager appointed under Section 12.3, if any, of the
estimated cash needs of, and  contributions  to, the Plan during the periods for
which  such  estimates  are made.  Such  estimates  shall be made on an  annual,
quarterly, monthly or other basis, as the Company shall determine.

     11.4  Independent  Accountant.  The  Company  shall  engage an  independent
qualified  public  accountant  to conduct such  examination  and to express such
opinion as may be required by Section  103(a)(3)  of ERISA,  if any. The Company
may remove and  discharge  the person so engaged,  but in such event the Company
shall engage a successor independent qualified public accountant to perform such
examination and to express such opinion, if required.

                                   Article 12

               Fiduciary Responsibilities And Plan Administration

     12.1 Plan Sponsor and Plan Administrator. The Company is the "plan sponsor"
and the "plan  administrator"  of the Plan,  as such terms are used in ERISA and
the Code.

     12.2  Administrative  Responsibilities.  The  Company  shall  be the  named
fiduciary  that has the  authority  to  control  and manage  the  operation  and
administration of the Plan in the Company's sole discretion subject to the terms
of the Plan. The Company shall make such rules, interpretations and computations
and take such  other  actions to  administer  the Plan as the  Company  may deem
appropriate in its sole discretion. The rules, interpretations, computations and
other actions of the Company shall be binding and conclusive on all persons.  In
administering the Plan, the Company shall act in a  nondiscriminatory  manner to
the extent  required by Section  401(a) and related  provisions  of the Code and
shall at all times  discharge  its duties with respect to the Plan in accordance
with the standards set forth in Section 404(a)(1) of ERISA.

     12.3 Management of Plan Assets. The Company shall be a named fiduciary with
respect to control  and  management  of the assets of the Plan,  but only to the
extent that it shall have the  authority  (i) to appoint one or more Trustees to
hold the assets of the Plan and to enter into an agreement  with each Trustee it
appoints,  (ii) to select Investment Funds in which Plan assets may be invested,
(iii) to appoint one or more Investment  Managers for any assets of the Plan and
to enter into an investment management agreement with each Investment Manager it
appoints,  (iv) to direct the  investment  of any Plan assets not assigned to an
Investment  Manager  or not  invested  in one or more  Investment  Funds  at the
direction  of  Participants  in  accordance  with  Article  6, (v) to remove any
Trustee or  Investment  Manager it  appointed  and (vi) to direct the Trustee to
enter into a custodial  agreement with a bank or trust company pursuant to which
such bank or trust  company is to have custody of Plan assets as an agent of the
Trust. Each Investment Manager so appointed shall acknowledge in writing that it
is a fiduciary with respect to the Plan.

     12.4 Trustee and Investment Managers.  The Trustee shall have the exclusive
authority  and  discretion  to control  and manage the Plan  assets  held by it,
except to the extent  that (i) the  Company  directs  how such  assets  shall be
invested,  (ii) the Company allocates the authority to manage such assets to one
or more Investment Managers,  (iii) the Plan prescribes how such assets shall be
invested or (iv)  Participants  are permitted to direct the  investment of their
Accounts pursuant to Article 6. Each Investment  Manager appointed under Section
12.3 shall  have the  exclusive  authority  to  manage,  including  the power to
acquire and dispose of, the Plan assets  assigned to it by the Company except to
the extent that the Plan prescribes how such assets shall be invested (including
at the direction of  Participants in accordance with Article 6). The Trustee and
any  Investment  Manager  shall  be  solely  responsible  for  diversifying  the
investments,  in  accordance  with Section  404(a)(1)(C)  of ERISA,  of the Plan
assets  assigned to them by the  Company,  except to the extent that the Company
directs or the Plan  prescribes how such assets shall be invested  (including at
the direction of Participants in accordance with Article 6).

     12.5 Delegation of Fiduciary Responsibilities.  The Company may engage such
attorneys, actuaries, accountants, consultants or other persons to render advice
or to perform services with regard to any of its responsibilities under the Plan
as it shall determine to be necessary or appropriate.  The Company may designate
by  written   instrument  (signed  by  both  parties)  one  or  more  actuaries,
accountants or  consultants  as  fiduciaries  to carry out,  where  appropriate,
fiduciary  responsibilities  of the Company.  The Company  shall not allocate or
delegate to any other  person any of its duties and  responsibilities  under the
Plan.  The duties and  responsibilities  of the Company  under the Plan shall be
carried  out by the  directors,  officers  and  employees  of the  Company (or a
Committee thereof  appointed in accordance with Section 12.7),  acting on behalf
and in the name of the Company in their  capacities as  directors,  officers and
employees and not as individual fiduciaries.  Except as provided in Section 13.3
(regarding  the  appointment  of a Review  Panel),  the Company is  specifically
prohibited from designating any director,  officer or employee of the Company as
a fiduciary  and from  allocating  or  delegating  to any such person any of its
fiduciary responsibilities.

     12.6 Service in Several Fiduciary Capacities. Nothing herein shall prohibit
any person or group of persons from serving in more than one fiduciary  capacity
with respect to the Plan.

     12.7  Appointment of the Committee.  The Company may appoint a Committee to
act on its behalf in carrying out the Company's fiduciary duties under the Plan.
If the Company  appoints a  Committee,  as provided in this  Section  12.7,  the
following rules shall apply:

          (a) The Committee shall be known as the 401(k) Plan Committee.

          (b)  The  Committee  shall  consist  of at  least  three  (3)  persons
appointed  from time to time by the Company who may be  Employees  and who shall
serve at the  pleasure of the Company  without  compensation,  unless  otherwise
determined by the Company.  The Company shall certify to the Trustee the members
of the Committee.

          (c) The Committee shall act by agreement of a majority of its members,
either by vote at a meeting or in writing without a meeting.  By such action, it
may  authorize one or more members to execute  documents on its behalf,  perform
other fiduciary and ministerial duties and direct the Trustee in the performance
of its duties  hereunder on behalf of the Committee.  The Trustee,  upon written
notification  of such  authorization,  shall accept and rely upon such documents
until  notified  in  writing  that the  authorization  has been  revoked  by the
Committee.  The Trustee shall not be deemed to be on notice of any change in the
membership  of the  Committee  unless  notified  in  writing.  A  member  of the
Committee,  who is also a Participant hereunder,  shall not vote or act upon any
matter  relating  solely to himself or  herself.  In the event of a deadlock  or
other situation which prevents agreement of a majority of the Committee members,
the matter shall be decided by the Company.

          (d) The  Committee  shall keep such  written  records as it shall deem
necessary or proper,  which  records shall be open to inspection by the Company.
The Committee  shall obtain from the Trustee regular reports with respect to the
current value of the assets held in the Trust,  in such form as is acceptable to
the  Committee.  The  Committee  shall  keep on file a copy of this Plan and the
Trust  Agreement,  including any subsequent  amendments,  all annual and interim
reports of the  Trustee  and the  latest  annual  report,  summary of the annual
report,  and  summary  plan  description  required  under  Title I of ERISA  for
examination by Participants during business hours.

     12.8 Indemnification. The Company agrees to indemnify and reimburse, to the
fullest extent permitted by law, members of the Committee,  directors,  officers
and employees  acting for the Company,  and all such former members,  directors,
officers  and  employees,  for any  and all  expenses,  liabilities  or  losses,
including  attorneys' fees,  arising out of any act or omission  relating to the
rendition  of services for or the  management  and  administration  of the Plan,
other  than such  expenses,  liabilities  and costs as may  result  from the bad
faith, criminal acts or willful misconduct of such persons or to the extent such
indemnification is specifically prohibited by ERISA.

                                   Article 13

                                Claims Procedures

     13.1  Application  for  Benefits.  Applications  for benefits and inquiries
concerning  the Plan (or  concerning  present or future rights to benefits under
the Plan)  shall be  submitted  to the Company in writing.  An  application  for
benefits  shall be submitted on the  prescribed  form and shall be signed by the
Participant  or, in the case of a benefit payable after his or her death, by his
or her Beneficiary.

     13.2 Denial of  Application.  In the event that an application for benefits
is denied in whole or in part, the Company shall notify the applicant in writing
of the denial and of the right to a review of the  denial.  The  written  notice
shall set forth,  in a manner  calculated  to be  understood  by the  applicant,
specific  reasons for the denial,  specific  references to the provisions of the
Plan on which the denial is based, a description of any  information or material
necessary for the applicant to perfect the  application,  an  explanation of why
the material is necessary,  and an explanation of the review procedure under the
Plan.  The written  notice shall be given to the  applicant  within a reasonable
period of time (not more than ninety (90) days) after the Company  received  the
application,  unless special  circumstances  require further time for processing
and the applicant is advised of the  extension.  In no event shall the notice be
given more than one hundred  eighty  (180) days after the Company  received  the
application.

     13.3 Review Panel. The Company may from time to time appoint a Review Panel
that may  consist  of one (1) or more  individuals  who may,  but need  not,  be
Employees.  If no such Review Panel is named,  the Company shall be deemed to be
the Review  Panel for purposes of this Article 13. The Review Panel shall be the
named  fiduciary that has the authority to act with respect to any appeal from a
denial of benefits or a determination of benefit rights.

     13.4 Request for Review.  An applicant  whose  application for benefits was
denied in whole or in part, or the applicant's  duly authorized  representative,
may appeal  from the denial by  submitting  to the Review  Panel a request for a
review of the application  within sixty (60) days after receiving written notice
of the denial from the Company.  The Company  shall provide the applicant or his
or her representative an opportunity to review pertinent  materials,  other than
legally privileged documents, in preparing the request for a review. The request
for a review shall be in writing and addressed to the Review Panel.  The request
for a review shall set forth all of the grounds on which it is based,  all facts
in  support of the  request,  and any other  matters  that the  applicant  deems
pertinent.  The Review Panel may require the applicant to submit such additional
facts,  documents or other  material as it may deem  necessary or appropriate in
making its review.

     13.5  Decision on Review.  The Review Panel shall act on each request for a
review  within  sixty  (60) days after  receipt,  unless  special  circumstances
require  further  time  for  processing  and the  applicant  is  advised  of the
extension.  In no event shall the  decision on review be rendered  more than one
hundred  twenty  (120) days after the Review  Panel  received  the request for a
review. The Review Panel shall give prompt written notice of its decision to the
applicant  and to the Company.  In the event that the Review Panel  confirms the
denial of the application for benefits in whole or in part, the notice shall set
forth,  in a manner  calculated to be understood by the applicant,  the specific
reasons for the decision and specific  references to the  provisions of the Plan
on which the decision is based.

     13.6 Rules and  Interpretations.  The Review  Panel shall adopt such rules,
procedures and  interpretations of the Plan as it deems necessary or appropriate
in carrying out its responsibilities under this Article 13.

     13.7  Exhaustion of Remedies.  No legal action for benefits  under the Plan
shall be  brought  unless and until the  claimant  (i) has  submitted  a written
application for benefits in accordance with Section 13.1, (ii) has been notified
by the Company that the application is denied, (iii) has filed a written request
for a review of the  application  in  accordance  with Section 13.4 and (iv) has
been  notified in writing  that the Review  Panel has affirmed the denial of the
application;  provided,  however,  that legal  action  may be brought  after the
Company  or the Review  Panel has failed to take any action on the claim  within
the time prescribed by Sections 13.2 and 13.5, respectively.

                                   Article 14

                     Amendment or discontinuance of the plan

     14.1 Amendments.  The Company reserves the right to amend (retroactively or
prospectively)  any or all of the  provisions  of the  Plan  at any  time in any
manner that it may deem  advisable;  provided,  however,  that no such amendment
shall make it  possible  for any of the corpus or income of the Trust to be used
for, or diverted to,  purposes other than the exclusive  benefit of Participants
and their  Beneficiaries  under the Plan,  nor shall any such  amendment make it
possible to deprive any Participant of a previously  accrued benefit,  except to
the extent permitted by Section 412(c)(8) of the Code. Any such amendment to the
Plan may be adopted by one or more  officers of the Company  acting on behalf of
the  Company;  provided,  however,  that any  amendment  to the Plan which would
increase the contributions  (other than 401(k)  Contributions)  that an Employer
would be obligated to make to the Plan must be approved by the Board.

     14.2  Merger,  Consolidation  or  Transfer.  In the event of any  merger or
consolidation with, or transfer of assets or liabilities to, any other plan, the
benefit that each  Participant  would be entitled to receive if the Plan were to
terminate  immediately after the merger,  consolidation or transfer shall not be
less than the benefit that he or she would have been  entitled to receive if the
Plan had terminated immediately before the merger, consolidation or transfer. In
the event a  Participant's  benefits are  transferred to another  qualified plan
maintained by the Employer or any  Affiliate of the  Employer,  if such transfer
would result in the  elimination  or reduction of any benefits  protected  under
Section  411(d)(6) of the Code,  such transfer of benefits  shall be conditioned
upon a voluntary,  fully informed  election by the  Participant to transfer such
Participant's   benefits  to  such  other  qualified  plan  in  accordance  with
regulations under Section 411(d)(6) of the Code.

     14.3 Right to Terminate Plan. The Company reserves the right to discontinue
the Plan at any time with respect to any or all  Employers.  Any Employer  shall
have  the  power  to  discontinue  the Plan at any  time  with  respect  to such
Employer.

     14.4 Employer's  Rights and Obligations  Upon Plan  Termination.  Any other
provision of the Plan to the contrary  notwithstanding,  upon any termination of
the Plan, the Employer shall have no obligation or liability  whatsoever to make
any further  payments  (including any Employer  Matching  Contributions  payable
prior to such  termination) to the Trustee for benefits under the Plan.  Neither
the Trustee nor any Participant, Employee or Beneficiary shall have any right to
compel the Employer to make any payment after the termination of the Plan.

     14.5 Participants' Rights Upon Plan Termination.  If the Plan is terminated
or partially terminated,  or if contributions are completely discontinued,  then
each  Participant  who then is an Employee and who is directly  affected by such
event  shall have a one hundred  percent  (100%)  vested  interest in his or her
Account  (including  all  subaccounts),  without  regard to his or her Period of
Service.

                                   Article 15

                              Top-Heavy Provisions

     15.1 Top-Heavy Plan Defined.  Notwithstanding  any other  provision of this
Plan to the  contrary,  this  Article 15 shall apply if the Plan is a "Top-Heavy
Plan" as defined  herein.  The Plan shall be a Top-Heavy Plan in a Plan Year if,
as of the  "Determination  Date" (as  defined in Section  15.2),  the  aggregate
Account  balances of "Key Employees" (as defined in Section 15.2) under the Plan
exceeds sixty percent (60%) of the aggregate  Account balances under the Plan of
all Employees, but excluding the Account balances of former Key Employees.

For purposes of this Article 15, an Employee's Account balance is the sum of (i)
his or her  Account  balance as of the most  recent  Valuation  Date  within the
twelve  (12)  month  period  ending  on  the   Determination   Date,   (ii)  any
contributions allocated to his or her Account after the Valuation Date and on or
before the Determination Date, and (iii) the aggregate distributions  (including
distributions  made on account of death and  distributions  from any  terminated
qualified  retirement plan  previously  maintained by the Employer that would be
included in the "Required Aggregation Group" (as defined in Section 15.2) if not
terminated)  made with  respect to such  Employee  during the  five-year  period
ending on the  Determination  Date and not  reflected in the value of his or her
Account as of the most recent Valuation Date.

In  determining  whether this Plan is a Top-Heavy  Plan,  all employers that are
aggregated under Section 414(b), (c), (m) or (o) of the Code shall be treated as
a single  employer.  In  addition,  all  plans  that  are  part of the  Required
Aggregation Group shall be treated as a single plan.

Notwithstanding  the foregoing  provisions  of this Section 15.1,  the following
shall not be taken into  consideration  when  determining an Employee's  Account
balance, except to the extent provided by regulations:

          (a) Any Rollover  Contribution (or similar transfer)  initiated by the
Employee to this Plan (see Section 416(g)(4)(A) of the Code);

          (b) The  Account  balance  of any  individual  who  has not  performed
services for the Employer at any time during the five-year  period ending on the
Determination Date (see Section 416(g)(4)(E) of the Code).

     15.2 Other  Definitions.  For  purposes of this  Article 15, the  following
terms shall have the following meanings:

          (a)  "Compensation",  as used in this  Article 15, shall have the same
meaning given that term in Section 2.13.

          (b)  "Determination  Date"  means the last day of the  preceding  Plan
Year.

          (c) "Employee"  means (i) a current Employee or (ii) a former Employee
who was credited  with an Hour of Service  during the Plan Year  containing  the
Determination Date or any of the four (4) preceding Plan Years.

          (d) "Key  Employee"  means an  Employee,  a  former  Employee,  or the
Beneficiary under the Plan of a former Employee who, in the Plan Year containing
the Determination Date, or any of the four (4) preceding Plan Years, is:

               (1) An  officer  of the  Employer  having an annual  Compensation
greater  than  fifty  percent  (50%)  of the  amount  in  effect  under  Section
415(b)(1)(A)  of the Code for any such  Plan  Year.  Not more  than  fifty  (50)
Employees  or, if less,  the greater of three (3) Employees or ten percent (10%)
of the Employees shall be considered as officers for purposes of this paragraph.

               (2) One of the ten (10) Employees owning (or considered as owning
within the  meaning  of Section  318 of the Code) the  largest  interest  in the
Employer, which is more than one-half percent (.5%) ownership interest in value,
and whose  Compensation  exceeds the maximum  dollar  limitation  under  Section
415(c)(1)(A)  of the  Code as in  effect  for the  calendar  year in  which  the
Determination Date falls.

               (3) A five percent (5%) owner of the Employer.

               (4) A one  percent  (1%) owner of the  Employer  having an annual
Compensation from the Employer of more than $150,000.

Whether an Employee  is a five  percent  (5%) owner or a one percent  (1%) owner
shall be determined in accordance with Section 416(i)(1)(B) of the Code.

          (e) "Non-Key Employee" means any Employee who is not a Key Employee o
any Beneficiary under the Plan of a former Employee who was not a Key Employee.

          (f) "Required Aggregation Group" means:

               (1) Each  stock  bonus,  pension  or profit  sharing  plan of the
Employer in which a Key Employee  participates  and which is intended to qualify
under Section 401(a) of the Code; and

               (2) Each other such stock bonus,  pension or profit  sharing plan
of an Employer  which enables any plan in which a Key Employee  participates  to
meet the requirements of Section 401(a)(4) or Section 410 of the Code.

     15.3  Top-Heavy  Accrual  Rules.  If the Plan is a Top-Heavy Plan in a Plan
Year, the following rules shall apply:

          (a) the aggregate Profit Sharing Contributions,  Qualified Nonelective
Contributions,  Qualified Matching  Contributions,  and Forfeitures allocated to
each "Eligible  Non-Key  Employee" (as defined below) shall not be less than the
lesser  of  the  following   percentages  of  the  Eligible  Non-Key  Employee's
Compensation for the Plan Year:

               (1) Three percent (3%) or, if the Employer has a defined  benefit
plan  which  designates  this Plan to  satisfy  the  requirements  for a minimum
contribution or benefit under Section 416 of the Code, five percent (5%); or

               (2) The highest  percentage of Compensation  provided in the form
of all contributions under the Plan (including 401(k) Contributions and Employer
Matching  Contributions)  on  behalf  of any Key  Employee  for the  Plan  Year,
including if that percentage is zero, zero percent (0%).

For purposes of this Section  15.3,  "Eligible  Non-Key  Employee"  shall mean a
Non-Key  Employee  who is an Eligible  Employee and who has not  separated  from
service at the end of the Plan  Year,  regardless  of (i)  whether he or she has
completed less than 1,000 Hours of Service during the Plan Year, (ii) his or her
level of  Compensation,  or (iii)  whether  he or she has  declined  to make any
401(k) Contributions.

          (b) a  Participant's  vested  interest  in his or her  Profit  Sharing
Contributions  Account  shall be the  percentage  determined  under the  vesting
schedule  contained in Subsection 7.2(a) or the percentage  determined under the
vesting schedule set forth below, whichever is greater:

                                                Vested
          Years of Service                    Percentage
          ----------------                    ----------
          Less than 2                              0%
          2 but less than 3                       20%
          3 but less than 4                       40%
          4 but less than 5                       60%
          5 but less than 6                       80%
          6 or more                              100%

          (c) a Participant's  vested  interest in his or her Employee  Matching
Contributions  Account  shall be the  percentage  determined  under the  vesting
schedule  contained in Subsection 7.3(a) or the percentage  determined under the
vesting schedule set forth below, whichever is greater:

                                                Vested
          Years of Service                    Percentage
          ----------------                    ----------
          Less than 3                              0%
          3 or more                              100%

However,  for any Plan Year which (i) occurs  subsequent to a Plan Year in which
this  Plan was  determined  to be  Top-Heavy  and (ii) in which  the Plan is not
determined  to be  Top-Heavy,  the vesting  schedules  contained in  Subsections
7.2(a) and 7.3(a) shall again be effective except that the vested percentages of
any Participant  shall not be reduced thereby and any Participant with three (3)
or more Years of Service  shall have the right to select the  vesting  schedules
under which his or her vested Account balance will be determined.

     15.4 Impact on Contribution Limitations. For any Plan Year during which the
Plan is a Top-Heavy  Plan, the number "1.0" shall be substituted  for the number
"1.25"  wherever it appears in Section  415(e)(2)(B)  and (3)(B) of the Code and
Sections 2.16 and 2.17 of this Plan.

                                   Article 16

                               General Provisions

     16.1 No Implied  Employment  Contract.  The adoption and maintenance of the
Plan shall not be deemed to be a contract of employment  between an Employer and
any Employee. Accordingly, the Plan shall not be deemed (i) to give any Employee
or other  person any right to be retained in the employ of an Employer  nor (ii)
to interfere  with the right of an Employer to  discharge  any Employee or other
person at any time and for any reason, which right is hereby reserved.

     16.2 Benefits Not Assignable. Except as otherwise provided in Article 10 or
as provided in Section  414(p) of the Code with  respect to  qualified  domestic
relations orders, or as otherwise provided under Section 401(a)(13) of the Code,
no interest, whether vested or not, of a Participant or Beneficiary in the Plan,
no Account balance nor distribution or payment under the Plan to any Participant
or Beneficiary shall be subject in any manner to anticipation, alienation, sale,
transfer,  assignment,  pledge,  encumbrance  or charge,  whether  voluntary  or
involuntary,  and any attempt to anticipate,  alienate, sell, transfer,  assign,
pledge, encumber or charge the same shall be void; nor shall any distribution or
payment  in  any  way  be  liable  for  or  subject  to  the  debts,  contracts,
liabilities,  engagements  or torts of any  Participant or  Beneficiary.  If any
Participant or Beneficiary  has been  adjudicated a bankrupt or has purported to
anticipate,  alienate,  sell, transfer,  assign, pledge,  encumber or charge any
distribution or payment, voluntarily or involuntarily,  then the Company, in its
discretion,  may direct the Trustee to hold or apply the distribution or payment
or any part thereof to or for the benefit of such  Participant or Beneficiary in
such manner as the Company shall direct.

     16.3 Qualified  Domestic Relations Order. In accordance with Section 414(p)
of the Code,  the Company  shall  establish  reasonable  written  procedures  to
determine  the  qualified  status of domestic  relations  orders  received  with
respect to  Participants  and to administer  distributions  to alternate  payees
under  such  qualified  domestic  relations  orders.  Notwithstanding  any other
provision  of the  Plan,  benefits  under  the Plan  that are the  subject  of a
qualified  domestic relations order may be distributed to any alternate payee in
compliance  with the  provisions of such  qualified  domestic  relations  order,
without  regard to whether  the  Participant  to whose  benefits  the  qualified
domestic  relations order relates has terminated  employment with an Employer or
has reached "earliest retirement age," as that term is defined in Section 414(p)
of the  Code.  Any  payment  to an  alternate  payee,  or to  his  or her  legal
representative  or  beneficiary,  pursuant to the terms of a qualified  domestic
relations  order,  shall be in full  satisfaction of all claims under such order
against the Trustee or an Employer, any of who may require such alternate payee,
or his or  her  legal  representative  or  beneficiary,  to  execute  a  receipt
therefore in such form as shall be determined by the Trustee or an Employer,  as
the case may be.

     16.4  Payments  of  Benefits  to Infants or  Incompetents.  If the  Company
determines  that any person  entitled to payments under the Plan is an infant or
is incompetent by reason of a physical or mental  disability,  then it may cause
all  payments  thereafter  becoming  due to such  person to be made to any other
person for his or her benefit,  without  responsibility  for the  application of
amounts so paid.  Payments  made  pursuant to this  provision  shall  completely
discharge an Employer and the Trustee.

     16.5 Unclaimed  Benefits.  If any benefit would be distributable  under the
Plan but the Company is unable,  after reasonable and diligent effort, to locate
the Participant or Beneficiary to whom the distribution is payable for three (3)
consecutive Plan Years, then the  Participant's  Account may be closed after the
third  consecutive  Plan Year during which such  distribution is payable but the
Participant  or  Beneficiary  cannot be found.  The amount of the unpaid benefit
shall be reallocated as determined by the Company,  unless mandatory  provisions
of  applicable  escheat laws require  another  application,  in which event such
benefit shall be applied as such laws require.  If, however,  the Participant or
Beneficiary  subsequently  makes a proper  claim to the  Company for any benefit
that  was  reallocated  and  that was not lost by  escheat,  then  such  benefit
(without  income,   gains  or  other   adjustment)  shall  be  restored  to  the
Participant's  Account from a special contribution made by the Employer for this
purpose.  The benefit shall  thereafter be  distributable in accordance with the
terms of the Plan.  Notification  by  certified or  registered  mail to the last
known address of the Participant or Beneficiary  will be deemed a reasonable and
diligent effort to locate such person.

     16.6  Source of  Benefits.  The Trust  shall be the sole source of benefits
under the Plan, and each Participant, Beneficiary or other person who claims the
right to any payment or benefit under the Plan shall only be entitled to look to
the Trust for such  payment  or benefit  and shall not have any right,  claim or
demand therefor against an Employer or any officer or director of an Employer.

     16.7 Forms of Plan Communications. All communications from a Participant or
Beneficiary  with regard to the Plan shall  become  effective  only when made in
writing and filed with the Company.  If the Company has adopted prescribed forms
for any communications,  such communications shall be effective only if filed on
such forms.

     16.8 IRS  Qualification.  The Employer intends that the Plan (including the
Trust  Agreement   forming  a  part  thereof)  shall  be  a  qualified   defined
contribution   plan  for  the   exclusive   benefit  of   Employees   and  their
Beneficiaries, as provided in Sections 401(a), 401(k) and 501(a) of the Code.

     16.9  Construction of Plan. Any gender,  where appearing in the Plan, shall
be deemed to include the other  gender,  the singular  shall include the plural,
and the  plural  shall  include  the  singular,  unless  the  context  otherwise
requires.  Titles are for reference  only. In the event of a conflict  between a
title and the text of the Plan, the text of the Plan shall control. In the event
of a conflict between the text of the Plan and any summary, description or other
information regarding the Plan, the text of the Plan shall control.

     16.10  Governing  Law.  The  provisions  of the Plan  shall  be  construed,
administered  and governed  according to ERISA and, to the extent not superseded
by ERISA, the laws of the State of California.

     16.11  Severability.  If any provision of the Plan shall be held by a court
of  competent  jurisdiction  to  be  invalid  or  unenforceable,  the  remaining
provisions of the Plan shall continue to be fully effective.

                                   Article 17

                                    Execution

     To record the  amendment and  restatement  of the Plan to read as set forth
herein,  effective as of January 1, 1992,  the Company has caused its authorized
officer to execute this document this 15th day of March, 1994.
                                      ----        -----

                                          FIRST DEPOSIT CORPORATION

                                          By: /s/ Mary L. Stumpo
                                              -------------------------

                                          Printed Name: Mary L. Stumpo

                                          Title:   Vice President H.R.

<PAGE>

                             FIRST AMENDMENT TO THE

                      FIRST DEPOSIT CORPORATION 401(k) PLAN

         WHEREAS, First Deposit Corporation (the "Company") amended and restated
the First Deposit  Corporation  401(k) Plan (the "Plan"),  effective  January 1,
1992;

         WHEREAS,  the Plan received a favorable  determination  letter from the
Internal Revenue Service ("IRS") on May 24, 1995;

         WHEREAS,  in order  to rely on such  determination  letter  the IRS has
requested that various amendments to the Plan be adopted; and

         WHEREAS,  the  Company  may amend the Plan  pursuant  to  Section  14.1
thereof.

         NOW, THEREFORE,  effective January 1, 1992, unless otherwise noted, the
Plan is amended as follows:

1.       Effective September 1, 1994, Section 2.11 of the Plan shall be amended
         to read as follows:

         "Company" means Providian Bancorp, Inc. and any successor thereto.

2.       Effective May 11, 1994, Section 2.12 of the Plan shall be amended to
         read as follows:

         "Company Stock" means common stock of Providian Corporation.

3.       Effective  January 1, 1994,  the second  sentence of the second to last
         paragraph of Section 2.13 of the Plan shall be amended to read as
         follows:

         For purposes of allocating  Profit Sharing  Contributions and Qualified
         Nonelective  Contributions under Article 4 (but not for purposes of the
         limitations contained in Section 4.11), Compensation shall include: (i)
         401(k) Contributions,  (ii) other elective  contributions that are made
         by the Employer or an Affiliate on behalf of its Employees that are not
         includable  in gross  income  under  Sections  125 (prior to January 1,
         1994,  Compensation  shall  exclude First Flex Credits that are used to
         purchase  insurance  benefits  pursuant  to the terms of the First Flex
         Plan),  402(e)(3) (prior to January 1, 1993,  402(a)(8)),  402(h),  and
         403(b) of the  Code,  (iii)  Compensation  deferred  under an  eligible
         deferred  compensation plan within the meaning of Section 457(b) of the
         Code (deferred  compensation  plans of state and local  governments and
         tax-exempt  organizations),  and  (iv)  employee  contributions  (under
         governmental plans) described in Section 414(h)(2) of the Code that are
         picked  up by the  employing  unit  and thus are  treated  as  employer
         contributions.

4.       Effective September 1, 1994, Section 2.23 of the Plan shall be amended
         to read as follows:

         "Employer"  means the  Company,  First  Deposit  National  Bank,  First
         Deposit National Credit Card Bank (effective January 1, 1995, Providian
         National  Bank),  Providian  National  Bancorp,  First Deposit  Service
         Corporation,  and any other  Affiliate  of the Company  that,  with the
         approval of the Company and subject to such  conditions  as the Company
         may impose, adopts this Plan, and any successor or successors of any of
         them.

5.       Effective January 1, 1995, Section 2.34 of the Plan shall be amended to
         read as follows:

         "First Flex Plan" means the Providian Bancorp, Inc. First Flex Plan, as
         amended from time to time.

6.       Effective  January 1, 1994, the second  paragraph of Section 2.41
         defining "Highly  Compensated  Employee" shall be amended to read as
         follows:

         Unless the Company  elects  otherwise  in  accordance  with  applicable
         regulations,  the  "Lookback  Year" is the  twelve  (12)  month  period
         immediately  preceding  the  beginning  of the Plan  Year for which the
         determination of who is a Highly Compensated Employee is being made and
         the  "Determination  Year" is such Plan Year. If the Company so elects,
         the Lookback  Year shall  instead be the  calendar  year ending with or
         within the Plan Year and the  Determination  Year shall be the  portion
         (if any) of such Plan Year extending  beyond such calendar year. If the
         Company  makes such an election  and if the Plan Year is other than the
         calendar  year,  the  calculation   with  respect  to  who  are  Highly
         Compensated  Employees  in the  Determination  Year  shall be  adjusted
         pursuant to applicable regulations.

7.       Effective September 1, 1994, Section 2.51 of the Plan shall be amended
         to read as follows:

         "Plan" means the Providian Bancorp, Inc. 401(k) Plan, as set forth
         herein and as amended from time to time.

8.       The second sentence of the last paragraph of Subsection 4.1(d) of the
         Plan shall be amended to read as follows:

         The amount of Excess Elective  Deferrals that may be distributed  under
         this Subsection 4.1(d) with respect to a Participant for a taxable year
         shall be reduced by any Excess Contributions  previously distributed or
         recharacterized  in accordance with Subsection 4.9(b) for the Plan Year
         beginning with or within the Participant's taxable year.

9.       A new Paragraph 4.9(c)(12) shall be added to the Plan as follows:

         (12) The  amount of Excess  Contributions  that may be  distributed  or
         recharacterized  under Subsection  4.9(b) with respect to a Participant
         for a Plan Year  shall be  reduced  by any  Excess  Elective  Deferrals
         previously  distributed in accordance  with  Subsection  4.1(d) for the
         Participant's taxable year ending with or within the Plan Year.

10.      A new Paragraph 4.9(c)(13) shall be added to the Plan as follows:

         (13)  Excess   Contributions  that  are  recharacterized  as  Voluntary
         Contributions under Paragraph 4.9(b)(1) shall continue to be treated as
         401(k)  Contributions  for  purposes of  in-service  withdrawals  under
         Article 9.

11.      A new Paragraph 4.9(f)(9) shall be added to the Plan as follows:

         (9) The  amount of Excess  Aggregate  Contributions  with  respect to a
         Participant for a Plan Year shall be calculated  after  determining the
         Excess  Contributions to be recharacterized as Voluntary  Contributions
         for such Plan Year under Paragraph 4.9(b)(1).

12.      A new Paragraph 4.9(f)(10) shall be added to the Plan as follows:

         (10) Excess Aggregate  Contributions to be distributed  under Paragraph
         4.9(e)(1) shall be made first from unmatched  Voluntary  Contributions,
         if any,  then from matched  Voluntary  Contributions  and their related
         Matching  Contributions,  if any, and then from Matching  Contributions
         related to 401(k) Contributions.

         Executed this 15 day of June, 1995.
                       --        ----

                                    PROVIDIAN BANCORP, INC.

                                    By: /s/ Mary L. Stumpo
                                        ------------------
                                        Mary L. Stumpo
                                        Vice President
                                        Human Resources

<PAGE>

                             SECOND AMENDMENT TO THE

                       PROVIDIAN BANCORP, INC. 401(K) PLAN

WHEREAS,  Providian  Bancorp,  Inc.  (the  "Company")  maintains  the  Providian
Bancorp,  Inc.  401(k)  Plan (the  "Plan"),  as amended and  restated  effective
January 1, 1992;

WHEREAS,  the Company wishes to amend the Plan in order to change the method for
determining  a  participant's  account  balance  under the Plan with  respect to
distributions from the Plan; and

WHEREAS, the Company may amend the Plan pursuant to Section 14.1 thereof.

NOW, THEREFORE, effective August 1, 1995, the Plan is amended as follows:

1.       Section 8.16 of the Plan shall be amended to read as follows:

         Determination of Account Balance.  Whenever a Participant or his or her
         Beneficiary is entitled to receive a distribution  of the entire amount
         or a  percentage  of his or her  Account  balance,  the  amount of such
         Account balance shall be determined as of the Valuation Date coinciding
         with or following the date of the distribution request.

         Executed this     day of July, 1995.
                       ---        ----

                                    PROVIDIAN BANCORP, INC.

                                    By: /s/ Mary L. Stumpo
                                        ------------------
                                        Mary L. Stumpo
                                        Vice President
                                        Human Resources

<PAGE>
                             THIRD AMENDMENT TO THE

                       PROVIDIAN BANCORP, INC. 401(k) PLAN

WHEREAS,  Providian  Bancorp,  Inc.  (the  "Company")  amended and  restated the
Providian Bancorp, Inc. 401(k) Plan (the "Plan"), effective January 1, 1992;

WHEREAS,  the Plan received a favorable  determination  letter from the Internal
Revenue Service ("IRS") on May 24, 1995;

WHEREAS, the Company may amend the Plan pursuant to Section 14.1 thereof.

NOW,  THEREFORE,  effective January 1, 1996, unless otherwise noted, the Plan is
amended as follows:

1.   Effective  April 1,  1996,  Section  3.1(a) of the Plan shall be amended to
     read as follows:

     (a)  Each  Eligible  Employee  who has  entered  into the Plan prior to the
     Effective  Date shall  continue  to  participate,  and each other  Eligible
     Employee  shall be entitled to become a Participant  in the Plan on the day
     following the end of the first complete pay cycle next following his or her
     Employment  Commencement  Date,  provided  that  he or she  is an  Eligible
     Employee on such date.

2.   Section 4.1(a) of the Plan shall be amended to read as follows:

     (a)  Subject to the limitations established by this Article 4, the Employer
     shall make  401(k)  Contributions  on an Eligible  Employee's  behalf in an
     amount equal to the amount of Salary that the Eligible Employee has elected
     to defer  pursuant to the Eligible  Employee's  401(k)  Agreement  plus the
     amount of an Eligible  Employee's First Flex Credits  allocated to the Plan
     (to the  extent  permitted  under the terms of the First Flex  Plan).  Each
     Eligible  Employee  may elect to have the Employer  contribute  to the Plan
     from zero  percent  (0%) to a maximum of thirteen  percent  (13%) (prior to
     January 1, 1993, fifteen percent (15%)) of such Eligible  Employee's Salary
     for the Plan Year in  accordance  with such  uniform and  nondiscriminatory
     rules and procedures as the Company may establish.  Such contribution shall
     include  any  First  Flex  Credits  allocated  to the Plan by the  Eligible
     Employee.

3.   Section 4.2 of the Plan shall be amended to read as follows:

     Voluntary Contributions. The Employer shall make Voluntary Contributions on
     an Eligible  Employee's  behalf in an amount  equal to the amount of Salary
     that the  Eligible  Employee  has  elected to  contribute  pursuant  to the
     Eligible Employee's 401(k) Agreement.  However, no Voluntary  Contributions
     shall be made under the Plan for the period  from  January 1, 1993  through
     April 30, 1993. Each Eligible Employee may make Voluntary  Contributions to
     the Plan in an amount  from zero  percent  (0%) to a maximum of six percent
     (6%) of such  Eligible  Employee's  Salary for the Plan Year in  accordance
     with such uniform and nondiscriminatory rules and procedures as the Company
     may  establish.   Not  withstanding  the  previous  sentence,  an  Eligible
     Employee's  election  to  contribute  401(k)  Contributions  and  Voluntary
     Contributions  for a Plan Year  shall not  exceed  thirteen  percent  (13%)
     (prior  to  January  1,  1993,  fifteen  percent  (15%))  of such  Eligible
     Employee's Salary for the Plan Year.

4.   Section 9.7 of the Plan shall be amended to read as follows:

     Frequency and Source of Withdrawals.  A Participant  shall not be permitted
     to make more than five  withdrawals  under this Article 9 in any Plan Year.
     Withdrawals  shall be paid from the affected  Account and  subaccounts.  If
     more than one  Investment  Fund is  available  to pay the  withdrawal,  the
     withdrawal  shall be made pro rata from the Investment  Fund(s);  provided,
     however,  that a Hardship  withdrawal  shall be made only after the maximum
     amount available without demonstrating a Hardship has been withdrawn.

5.   Section 11.2 of the Plan shall be amended to read as follows:

     Expenses of the Plan. The participating Employers shall pay all expenses of
     the Plan, except such expenses as are paid out of the trust pursuant to the
     terms of the Trust  Agreement  entered  into with the  Trustee,  and as are
     deducted  from  Participants'  Accounts in order to pay for  administrative
     services  pursuant to a services  agreement entered into with a third party
     provider of administrative or recordkeeping services.

Executed this 31 day of Dec., 1995.
              --        ----

                                                     PROVIDIAN BANCORP, INC.

                                                     By: /s/ Mary L. Stumpo
                                                         -------------------
                                                         Mary L. Stumpo
                                                         Vice President
                                                         Human Resources
<PAGE>
                             FOURTH AMENDMENT TO THE

                       PROVIDIAN BANCORP, INC. 401(k) PLAN

WHEREAS,   Providian  Corporation  has  spun  off  its  wholly-owned  subsidiary
Providian Bancorp, Inc.;

WHEREAS,  Providian  Bancorp,  Inc. has changed its name to Providian  Financial
Corporation (the "Company");

WHEREAS,  the Company  maintains the Providian  Bancorp,  Inc.  401(k) Plan (the
"Plan"),  which it last restated  effective as of January 1, 1992, and has since
amended three times; and

WHEREAS,  the Company wishes to amend the Plan to reflect the Company's new name
(and new  names of other  adopting  employers),  and to permit  participants  to
self-direct the investment of their Profit Sharing Contributions Accounts;

NOW, THERFORE, the Plan is amended as follows:

1.   Effective as of June 10, 1997, the name "Providian  Financial  Corporation"
     is  substituted  for  "Providian  Bancorp,  Inc." each time the latter name
     appears.

2.   Effective as of June 10, 1997, Section 2.11 is amended to read as follows:

          2.11 "Company" means Providian Financial Corporation and any successor
     thereto.

3.   Effective as of June 10, 1997, Section 2.12 is amended to read as follows:

          2.12 "Company Stock" means common stock of the Company.

4.   Effective  as of  January  1,  1996,  Section  2.23 is  amended  to read as
     follows:

          2.23  "Employer"  means the  Company,  First  Deposit  National  Bank,
     Providian  National  Bank  (formerly,  First Deposit  National  Credit Card
     Bank),  Providian  National  Bancorp,  First Deposit  Service  Corporation,
     Providian  Credit  Services,  Inc., and any other  Affiliate of the Company
     that,  with the approval of the Company and subject to such  conditions  as
     the Company may impose,  adopts this Plan,  and any successor or successors
     of any of them.

5.   Effective as of June 30, 1997, Section 2.23 is amended to read as follows:

          2.23  "Employer"  means the  Company,  First  Deposit  National  Bank,
     Providian  National  Bank  (formerly,  First Deposit  National  Credit Card
     Bank),  Providian Bancorp Services (formerly,  Providian National Bancorp),
     First Deposit  Service  Corporation,  Providian Bank  (formerly,  Providian
     Credit  Services,  Inc.), and any other Affiliate of the Company that, with
     the approval of the Company and subject to such  conditions  as the Company
     may impose,  adopts this Plan,  and any  successor or  successors of any of
     them.

6.   Effective as of June 10, 1997, Section 2.51 is amended to read as follows:

          2.51 "Plan"  means the  Providian  Financial  Corporation  401(k) Plan
     (formerly  known as the  Providian  Bancorp,  Inc.  401(k) Plan,  the First
     Deposit  Corporation  401(k) Plan and the Deferred  Profit Sharing Plan for
     Employees of First Deposit  Corporation and its  Affiliates),  as set forth
     herein and as from time to time amended.

7.   Effective as of July 1, 1997, Section 6.1 is amended to read as follows:

          6.1 Investment Control.

          (a) A Participant shall have the right to direct the investment of his
     or her 401(k)  Account,  Profit Sharing  Contributions  Account,  Voluntary
     Contributions  Account, and Rollover Account or a specified portion thereof
     in accordance with Section 6.3 among such Investment  Funds as are selected
     by the Company.

          (b) Participant's  Employer Matching  Contributions  Accounts shall be
     invested in Company Stock. Participants do not have the right to direct the
     investment of their  Employee  Matching  Contributions  Accounts  under the
     Plan.

8.   Effective as of July 1, 1997, Section 6.2 is amended to read as follows:

          6.2  Selection  of  Investment  Funds.  The  Company  shall  have  the
     authority  to select  and  withdraw,  in its sole  discretion,  one or more
     Investment  Funds for the  investment  of  Participants'  401(k)  Accounts,
     Profit Sharing Contributions  Accounts,  Voluntary  Contributions Accounts,
     and Rollover Accounts upon prior written notice to Participants.

9.   Effective as of July 1, 1997, Section 6.3(b) is amended to read as follows:

          (b) Each  Participant  who directs the investment of his or her 401(k)
     Account,  Profit Sharing  Contributions  Account,  Voluntary  Contributions
     Account,  and Rollover  Account is solely  responsible for the selection of
     his or her investment options.  The Trustee, the Company, and the officers,
     supervisors,  and other  employees of any such entity are not authorized to
     advise a Participant  as to the manner in which his or her 401(k)  Account,
     Profit Sharing Contributions Account,  Voluntary Contributions Account, and
     Rollover  Account shall be invested.  The fact that an  Investment  Fund is
     available  to a  Participant  for  investment  under the Plan  shall not be
     construed as a  recommendation  for investment in that Investment  Fund. In
     the event no election is made by a Participant,  such amounts available for
     his or her election  will be invested by the Trustee in a balanced  fund or
     similar investment.

10.  Effective as of July 1, 1997,  the first sentence of Section 6.5 is amended
     to read as follows:

     The Company shall prescribe, on a uniform and nondiscriminatory  basis, the
     timing and frequency with which  Participants may elect to transfer amounts
     already  allocated to their 401(k)  Account,  Profit Sharing  Contributions
     Account,  Voluntary  Contributions  Account,  and Rollover Accounts between
     available Investment Funds.

Executed this 31 day of October, 1997.
              --        -------

                                            PROVIDIAN FINANCIAL CORPORATION

                                            By /s/ John H. Rogers
                                               ----------------------------

<PAGE>
                             FIFTH AMENDMENT TO THE

                   PROVIDIAN FINANCIAL CORPORATION 401(k) PLAN

WHEREAS,  the Company maintains the Providian Financial  Corporation 401(k) Plan
(the "Plan"),  which it last restated  effective as of January 1, 1992,  and has
since amended four times; and

WHEREAS, the Company wishes to modify and clarify the Plan's eligibility rules.

NOW, THEREFORE, Plan is amended as follows:

1.   Effective as of January 1, 1992, Section 2.28 is deleted in its entirety.

2.   Effective  as of  April 1,  1998,  Section  3.1(a)  is  amended  to read as
     follows:

          (a) Each Eligible  Employee who has entered into the Plan prior to the
     Effective  Date shall  continue  to  participate,  and each other  Eligible
     Employee shall be entitled to become a Participant in the Plan on the first
     day of  the  third  calendar  month  that  follows  his  or her  Employment
     Commencement Date,  provided that he or she is an Eligible Employee on such
     date.

Executed this 10 day of October, 1998.
              --        -------

                                            PROVIDIAN FINANCIAL CORPORATION

                                            By:  /s/ David J. Petrini
                                               ----------------------------

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