Document:

Exhibit
      10.70

    
       

      BUILDING
        MATERIALS HOLDING CORPORATION

       

      Change
        in
        Control Severance Plan for Officers

       

      Effective
        May 1, 2008

       

      This
        Severance Plan
        (the "Plan")
        was adopted by
        the Compensation Committee of the Board of Directors of Building Materials
        Holding Corporation, a Delaware corporation (the "Company")
        on April, 28,
        2008 for the benefit of certain executive officers, senior management and
        key
        employees of the Company and its subsidiaries. The effective date of the
        Plan is
        May 1, 2008 ("Effective Date"). The Plan supersedes and replaces the Severance
        Plan for Certain Executive Officers, Senior Management and Key Employees
        of the
        Company and its Subsidiaries ("Prior Plan"). The Prior Plan shall terminate
        effective as of April 30, 2008 and shall have no force or effect
        thereafter.

       

      
        	 	
                1.

              	
                Purpose

              

      

       

      The
        Company desires
        to attract and retain well-qualified officers who are an integral part of
        the
        management of the Company and to encourage continuity of management. The
        principal purposes of the Plan are (i) to provide an incentive to the
        Designated Employees (as defined below) to remain in the employ of the Company,
        notwithstanding uncertainty and job insecurity which may be created by an
        actual
        or prospective Change in Control, (ii) to encourage the Designated
        Employees' full attention and dedication to the Company currently and in
        the
        event of an actual or prospective Change in Control, and (iii) to provide
        an incentive for the Designated Employees to be objective concerning any
        potential Change in Control and to fully support any Change in Control
        transaction approved by the Board of Directors.

       

      
        	 	
                2.

              	
                Definitions

              

      

       

      Terms
        not otherwise
        defined in the Plan shall have the meanings set forth in this
        Section 2.

       

      (a)       
        Cash
        Compensation.
        "Cash
        Compensation" shall mean the sum of (i) the highest annual base salary paid
        to the Designated Employee for the three (3) fiscal years immediately preceding
        the fiscal year in which the Notice of Termination is given and (ii) the
        highest cash bonus paid to the Designated Employee under the Company's bonus
        program for the three (3) fiscal years immediately preceding the fiscal year
        in
        which the Notice of Termination is given. In determining the amount set forth
        under (ii) above, if a Designated Employee has received a cash bonus with
        respect to a portion of a fiscal year that is one of the three (3) fiscal
        years
        immediately preceding the fiscal year in which the Notice of Termination
        is
        given, that amount shall be annualized.

       

      (b)       
        Cause.
        For purposes of
        the Plan only, "Cause" shall mean: (i) the conviction by a court of
        competent jurisdiction of, or entry of a plea of guilty or of no contest
        to, any
        felony involving moral turpitude or dishonesty, (ii) a willful dereliction
        of duty or intentional and malicious conduct contrary to the best interests
        of
        the Company or its business if such dereliction of duty or misconduct is
        not
        corrected within thirty (30) days after written notice thereof from the Company,
        or (iii) a refusal to perform reasonable services customarily performed by
        such Designated Employee (other than by reason of a Disability) if such refusal
        is not corrected within thirty (30) days after written notice thereof from
        the
        Company; provided, however, that the Designated Employee shall not be deemed
        to
        have been terminated for Cause unless and until there shall have been delivered
        to the Designated Employee a copy of a resolution duly adopted by the
        affirmative vote of not less than three-quarters of the entire membership
        of the
        Company's Board of Directors at a meeting of the Board called and held for
        the
        purpose (after reasonable notice to the Designated Employee and an opportunity
        for the Designated Employee, together with the Designated Employee's counsel,
        to
        be heard before the Board), finding that in the good faith opinion of the
        Board
        the Designated Employee was guilty of the conduct set forth above and specifying
        the particulars thereof in detail. Notwithstanding the foregoing, the Designated
        Employee shall have the right to contest his termination for Cause (for purposes
        of this Agreement) by arbitration in accordance with the provisions of the
        Plan.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (c)       
        Change
        in
        Control.
        A "Change in
        Control" of the Company shall be deemed to have occurred if (i) there shall
        be consummated (x) any consolidation, merger or similar reorganization or
        other transaction involving the Company, other than a transaction in which
        those
        persons that are holders of the Company's Common Stock immediately prior
        to the
        transaction both (I) each have the same proportionate ownership of common
        stock
        of the Company or voting equity securities of another surviving entity in
        the
        transaction (when compared to all other holders of the Company's Common Stock
        immediately prior to the transaction) immediately after the transaction and
        (II)
        in the aggregate possess beneficial ownership (as determined in accordance
        with
        Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended
        ("Exchange Act")) of at least a majority of the common stock of the Company
        or
        the voting equity securities of another surviving entity immediately after
        the
        transaction, or (y) any sale, lease, exchange or other transfer (in one
        transaction or a series of related transactions) of all, or substantially
        all,
        of the business and/or assets of the Company, or (ii) the stockholders of
        the Company approve a plan or proposal for the liquidation or dissolution
        of the
        Company, or (iii) any "person" (as defined in Sections 13(d) and 14(d)
        of the Exchange Act, including any group), shall become the "beneficial owner"
        (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly,
        of
        thirty-five (35%) percent or more of the Company's outstanding Common Stock,
        or
        (iv) if for any reason a majority of the Board is not comprised of
        "Continuing Directors," where a "Continuing
        Director"
        of the
        Corporation as of any date means a member of the Board who (x) was a member
        of the Board two years prior to such date and at all times through such date
        or
        (y) was nominated for election or elected to the Board with the affirmative
        vote of at least two-thirds (2/3rds) of the directors who were Continuing
        Directors at the time of such nomination or election; provided,
however,
        that no
        individual initially elected or nominated as a director of the Corporation
        as a
        result of an actual or threatened election contest with respect to directors
        or
        any other actual or threatened solicitation of proxies or consents by or
        on
        behalf of any person other than the Board shall be deemed to be a Continuing
        Director.

       

      (d)       
        Code.
        "Code" shall
        refer to the Internal Revenue Code of 1986 and the regulations promulgated
        thereunder, as amended from time to time.

       

      (e)       
        Designated
        Employees.
        "Designated
        Employees" shall refer to those employees of the Company and its subsidiaries
        who hold the title of Vice President or above.

       

      
        
          
          

        

        
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      (f)       
        Good
        Reason.
        A Designated
        Employee's termination of employment with the Company shall be deemed for
        "Good
        Reason" if any of the following events occur without the Designated Employee's
        express written consent and the Designated Employee provides his Notice of
        Termination upon or within one hundred eighty (180) days after such event
        occurring; provided,
however,
        that the
        Designated Employee must have previously provided written notice to the Company
        within ninety (90) days after the occurrence of the event allegedly constituting
        Good Reason, and the Company shall have thirty (30) days after such notice
        is
        given to cure:

       

      (i)   The
        assignment to
        the Designated Employee by the Company of duties materially inconsistent
        with,
        or a material alteration in the nature or status of, the Designated Employee's
        responsibilities immediately prior to a Change in Control of the Company
        (or
        thereafter if such duties and responsibilities change following a Change
        in
        Control with the Designated Employee's consent), other
        than any such
        alteration primarily attributable to the fact that the Company's securities
        are
        no longer publicly traded;

       

      (ii)   A
        material
        reduction by the Company in the Designated Employee's annual base salary
        or
        annual cash bonus opportunity as in effect immediately prior to a Change
        in
        Control of the Company or as in effect thereafter if such base salary and/or
        bonus opportunity has been increased;

       

      (iii)   Relocation
        to any
        place more than twenty-five (25) miles from the office regularly occupied
        by the
        Designated Employee prior to the time of a Change in Control; or 

       

      (iv)   Any
        material breach
        by the Company of any provision of the Plan or any material agreement between
        the Company or any subsidiary and the Designated Employee.

       

      (g)       
        Independent
        Director.
        "Independent
        Director" shall have the meaning ascribed to such term in the Company's Rights
        Plan as initially adopted by the Board of Directors.

       

      (h)       
        Specified
        Employee.
        "Specified
        Employee" shall have the meaning ascribed to such term in Section 409A of
        the Code.

       

      
        	 	
                3.

              	
                Beneficiaries

              

      

       

      Each
        of the
        Designated Employees shall be a beneficiary of the Plan and entitled to receive
        the Benefits set forth herein.

       

      
        	 	
                4.

              	
                Termination
                  in Connection with Change in
                  Control

              

      

       

      (a)       
        Termination
        of
        Employment.
If
        a Change in
        Control of the Company shall have occurred while the Designated Employee
        is
        still an employee of the Company, the
        Designated
        Employee shall be entitled to the compensation provided in Section 5 upon
        the subsequent termination, within one (1) year of such Change in Control,
        of
        the Designated Employee's employment with the Company unless such termination
        is
        as a result of (i) the Designated Employee's death; (ii) the
        Designated Employee's Disability (as defined in Section 4(b) below);
        (iii) the Designated Employee's retirement in accordance with the Company's
        retirement policies; (iv) the Designated Employee's termination by the
        Company for Cause; or (v) the Designated Employee's decision to terminate
        his employment with the Company other than for Good Reason. In
        addition, if,
        prior to a Change in Control, (A) the Designated Employee's employment with
        the
        Company shall be terminated other than as a result of one of the circumstances
        enumerated in Section 4(a)(i) through (v), and, (B) either (I) within one
        (1) month following the date of such termination of employment, a Change
        in
        Control shall occur or (II) the events causing the termination occurred at
        the
        direction of a person acquiring control of the Company in a Change in Control,
        then the Designated Employee shall be entitled to the compensation provided
        in
        Section 5, which compensation shall be reduced by any other severance
        compensation previously paid to the Designated Employee in respect of such
        termination of employment.

       

      
        
          
          

        

        
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      (b)       
        Disability.
        If, as a result
        of the Designated Employee's incapacity due to physical or mental illness,
        the
        Designated Employee shall have been absent from his duties with the Company
        on a
        full-time basis for six (6) months and the Company thereafter gives the
        Designated Employee thirty (30) days' written notice of its intention to
        terminate his employment, upon the expiration of such thirty (30) day period
        the
        Company may terminate the Designated Employee's employment for "Disability"
        if
        the Designated Employee shall not have returned to the full-time performance
        of
        the Designated Employee's duties.

       

      (c)       
        Notice
        of
        Termination.
        Any termination
        of the Designated Employee's employment by the Company or the Designated
        Employee hereunder shall be communicated by a Notice of Termination given
        to the
        other party. For purposes of the Plan, a "Notice of Termination" shall mean
        a
        written notice which shall indicate whether or not the termination is as
        a
        result of any of the situations enumerated in Section 4(a)(i) through (v)
        above and which sets forth in reasonable detail the facts and circumstances
        claimed to provide a basis for asserting that the termination of the Designated
        Employee's employment is or is not under the provision so
        indicated.

       

      (d)       
        Date
        of
        Termination.
        "Date of
        Termination" shall mean (i) if the Designated Employee is terminated by the
        Company for Disability, thirty (30) days after the Notice of Termination
        is
        given to the Designated Employee (provided that the Designated Employee shall
        not have returned to the performance of the Designated Employee's duties
        on a
        full-time basis during such thirty (30) day period) or (ii) if the
        Designated Employee's employment is terminated by the Company for any other
        reason or by the Designated Employee, the date on which a Notice of Termination
        is given.

       

      
        	 	
                5.

              	
                Severance
                  Compensation upon Termination of
                  Employment

              

      

       

      If
        the Designated Employee's employment with the Company shall be terminated
        either
        (1) within one (1) month before (or earlier if the termination occurs at
        the
        direction of a person acquiring control of the Company in a Change in Control)
        or (2) upon or within one (1) year after a Change in Control, other than
        as a
        result of one of the circumstances enumerated in Section 4(a)(i) through
        (v) of the Plan, then the Company shall, subject to the execution and
        non-revocation of a release of claims by the Designated Employee in the form
        set
        forth on Exhibit A hereto:

       

      (a)       
        Pay
        to
        the Designated Employee as severance pay in a lump sum, in cash, on or before
        the tenth day following the Date of Termination, an amount equal to the
        Designated Employee's Cash Compensation times the multiple specified on
        Schedule A attached hereto and incorporated by reference herein ("Schedule
        A"); 

       

      
        
          
          

        

        
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      (b)       
        Arrange
        to provide
        the Designated Employee for a period of eighteen (18) months starting from
        the
        Date of Termination with health and life insurance substantially similar
        (including the cost to the Designated Employee) to those insurance benefits
        which the Designated Employee was receiving immediately prior to either
        (A) the Change in Control or (B) the Notice of Termination, as elected
        by the Designated Employee. Benefits to which the Designated Employee otherwise
        is entitled pursuant to this Section 5(b) shall be reduced to the extent
        comparable benefits are actually received by the Designated Employee during
        such
        eighteen (18) month period from a subsequent employer or through
        self-employment, and any such benefits actually received by the Designated
        Employee shall be reported by him to the Company;

       

      (c)       
        Pay
        to
        the Designated Employee a single lump sum payment, on or before the tenth
        (10th)
        day following the Date of Termination, equal to the excess of (x) over (y),
        where (x) is equal to the lump sum present value of the pension benefit
        that the Designated Employee would receive under any pension plan which is
        or
        has been maintained by the Company and in which the Designated Employee is
        or
        was a participant (the "Pension
        Plan"),
        at his earliest
        benefit commencement date under the Pension Plan computed by increasing his
        actual number of years of credited service performed as of the Date of
        Termination, or, if earlier, the termination of the Pension Plan, by the
        number
        of years specified on Schedule A, and (y) is equal to the lump sum
        present value of the pension benefit actually payable to the Designated Employee
        on his earliest benefit commencement date under the Pension Plan based on
        the
        actual number of years of credited service performed as of the Designated
        Employee's Date of Termination, or, if earlier, the termination of the Pension
        Plan. The foregoing lump sum present value amounts shall be computed using
        the
        actuarial factors under the Pension Plan in effect on the Designated Employee's
        Date of Termination or, if earlier, the termination of the Pension
        Plan;

       

      (d)       
        Pay
        to
        the Designated Employee, on or before the tenth (10th) day following the
        Date of
        Termination, an amount equal to the Designated Employee's target bonus
        opportunity for the year in which the Date of Termination occurs under the
        Company's annual cash-based incentive compensation plan, prorated by multiplying
        such amount by a fraction, the numerator of which shall be the actual number
        of
        days that have elapsed during such year prior to the Date of Termination,
        and
        the denominator of which shall be three hundred sixty-five (365);
        and

       

      (e)       
        Pay
        to
        the Designated Employee, on or before the tenth (10th) day following the
        Date of
        Termination, any gross-up amounts as calculated under Section 6 of the
        Plan.

       

      Notwithstanding
        the
        foregoing, in the event that the multiples set forth on Schedule A for any
        Designated Employee are greater than the number of full years remaining until
        such Designated Employee's agreed upon retirement date or normal retirement
        age
        of sixty-five (65), the multiples shall be automatically reduced to the greatest
        of (i) the number of years and/or partial years (measured by months) remaining
        until said Designated Employee's retirement date; (ii) the number of years
        left
        until the completion of the term of employment for the Designated Employee
        under
        an employment agreement, if any; or (iii) one year. In addition, following
        the
        expiration of the health insurance continuation provided under
        Section 5(b), each Designated Employee who, at the time of his termination
        of employment, was an officer of the Company shall be eligible to participate
        in
        the Company's health care plan, either on an individual basis or family basis
        to
        include his dependent spouse, until such time as he becomes eligible to
        participate in the BMHC Retirement Health Care Plan ("Retiree
        Health
        Care Plan"),
        subject to
        such Designated Employee's payment of one-half of the applicable COBRA premiums
        and recognition of taxable income with respect to any remaining unpaid premium
        necessary to avoid taxation of the Designated Employee under Section 105(h)
        of
        the Code. If a Designated Employee who, at the time of his termination of
        employment, was an officer of the Company shall be eligible and elects to
        participate in the Retiree Health Care Plan in accordance with its terms
        and
        conditions, such Designated Employee shall only be required to pay one-half
        of
        the applicable premium under the Retiree Health Care Plan and recognition
        of
        taxable income with respect to any remaining unpaid premium necessary to
        avoid
        taxation of the Designated Employee under Section 105(h) of the
        Code.

       

      
        
          
          

        

        
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      It
        is the Company's intention that each of the payments or benefits provided
        under
        Sections 5(a), 5(c), 5(d) and 5(e) be paid on or before March 15th of the
        year after the year in which they are earned (i.e.,
        the short-term
        deferral period described in Treasury regulations section 1.409A-1(b)(4)).
        However, notwithstanding anything herein to the contrary, to the extent that
        the
        Board of Directors of the Company determines, in its sole discretion, that
        any
        payments or benefits to be provided hereunder to or for the benefit of a
        Designated Employee who is also a Specified Employee would be subject to
        the
        additional tax imposed under Section 409A(a)(1)(B) of the Code or any other
        taxes or penalties imposed under Section 409A of the Code or a successor or
        comparable provision (the "Section 409A
        Taxes"),
        the
        commencement of such payments and/or benefits shall be delayed until the
        date
        that is six months following the Date of Termination or such earlier date
        that,
        as determined by the Company, is sufficient to avoid the imposition of
        Section 409A Taxes (such date is referred to herein as the "Distribution
        Date").
        In the event
        that the Board of Directors determines that the commencement of any of the
        benefits to be provided under Section 5(b) are to be delayed pursuant to
        the preceding sentence, the Company shall require the Designated Employee
        to
        bear the full cost of such benefits until the Distribution Date at which
        time
        the Company shall reimburse the Designated Employee for all such costs. If
        any
        payments or benefits are delayed pursuant to this paragraph, such delayed
        payments or benefits, when paid or reimbursed, shall be increased by an amount
        equal to interest on such payments or reimbursements for the period between
        the
        Date of Termination and the applicable Distribution Date at a rate equal
        to the
        prime rate in effect as of the Date of Termination plus one point (for this
        purpose, the prime rate will be based on the rate published from time to
        time in
The
        Wall Street Journal).

       

      
        	 	
                6.

              	
                Gross-up
                  Payments

              

      

       

      (a)       
        Gross-up
        in
        Benefits For "Parachute Payment".
        In the event
        that, as a result of payments in the nature of compensation to or for the
        benefit of a Designated Employee under this Plan or otherwise in connection
        with
        a Change in Control, any state, local or federal taxing authority imposes
        any
        taxes on the Designated Employee that would not be imposed but for the
        occurrence of a Change in Control, including any excise tax under
        Section 4999 of the Code and any successor or comparable provision (other
        than ordinary income and employment taxes imposed on such payments), then,
        in
        addition to the benefits provided for under Sections 5(a) through (d) and
        Section 6(b), the Company (including any successor to the Company) shall
        pay to the Designated Employee at the time any such amounts are paid an amount
        equal to the amount of any such tax imposed or to be imposed on the Designated
        Employee (the amount of any such payment, the "Parachute
        Tax
        Reimbursement").
        In addition,
        the Company (including any successor to the Company) shall "gross up" such
        Parachute Tax Reimbursement by paying to the Designated Employee at the same
        time an additional amount equal to the aggregate amount of any additional
        taxes
        (whether income taxes, excise taxes, special taxes, additional taxes, employment
        taxes or otherwise) that are or will be payable by the Designated Employee
        as a
        result of the Parachute Tax Reimbursement being paid or payable to the
        Designated Employee and/or as a result of the additional amounts paid or
        payable
        to the Designated Employee pursuant to this sentence, such that after payment
        of
        such additional taxes the Designated Employee shall have been paid on an
        after-tax basis an amount equal to the Parachute Tax Reimbursement. It is
        the
        intention of the Company that payment of the Parachute Tax Reimbursement
        be made
        within the time period specified in Treasury regulations section
        1.409A-3(i)(1)(v).

       

      
        
          
          

        

        
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      (b)       
        Gross-up
        in
        Benefits For Additional Taxes under Section 409A of the Code.
        In the event
        that, as a result of payments to or for the benefit of a Designated Employee
        under this Plan, the Designated Employee is subject to the Section 409A
        Taxes, then, in addition to the benefits provided for under Sections 5(a)
        through (d) or otherwise (including Section 6(a)), the Company (including
        any successor to the Company) shall pay to the Designated Employee at the
        time
        any such amounts are paid an amount equal to the amount of any such
        Section 409A Tax imposed or to be imposed on the Designated Employee (the
        amount of any such payment, the "Section 409A
        Tax Reimbursement").
        In addition,
        the Company (including any successor to the Company) shall "gross up" such
        Section 409A Tax Reimbursement by paying to the Designated Employee at the
        same time an additional amount equal to the aggregate amount of any additional
        taxes (whether income taxes, excise taxes, special taxes, additional taxes,
        employment taxes or otherwise) that are or will be payable by the Designated
        Employee as a result of the Section 409A Tax Reimbursement being paid or
        payable to the Designated Employee and/or as a result of the additional amounts
        paid or payable to the Designated Employee pursuant to this sentence, such
        that
        after payment of such additional taxes the Designated Employee shall have
        been
        paid on an after-tax basis an amount equal to the Section 409A Tax
        Reimbursement.

       

      
        	 	
                7.

              	
                Arbitration

              

      

       

      The
        Company and, by
        accepting participation in the Plan, each Designated Employee agree that
        any and
        all disputes or controversies arising out of or relating to the Plan, including,
        without limitation, any claim of fraud or the general validity or enforceability
        of the Plan, shall be governed by the laws of the State of California, without
        giving effect to its conflict of laws provisions, and shall be submitted
        to
        binding arbitration in accordance with the employment arbitration rules of
        Judicial Arbitration and Mediation Services ("JAMS")
        by a single
        impartial arbitrator experienced in employment law selected as follows: if
        the
        Company and the applicable Designated Employee are unable to agree upon an
        impartial arbitrator within ten (10) days of a request for arbitration, the
        parties shall request a panel of employment arbitrators from JAMS and
        alternative strike names until a single arbitrator remains. The arbitration
        shall be conducted in the city where the Designated Employee's principal
        office
        was maintained prior to his termination of employment, applying the laws
        of the
        State of California, and the Company and, by accepting participation in the
        Plan, each Designated Employee agree to submit to the jurisdiction of the
        arbitrator selected in accordance with JAMS' rules and procedures. All fees
        and
        expenses of any arbitration, including the Designated Employee's reasonable
        legal fees and costs, are to be advanced by the Company. The
        Company
        and, by accepting
        participation in the Plan, each Designated Employee further
        agree that arbitration as provided in this Section 7 shall be the exclusive
        and binding remedy for any such dispute and will be used instead of any court
        action, which is hereby expressly waived, except for any request by either
        party
        hereto for temporary or preliminary injunctive relief pending arbitration
        in
        accordance with applicable law, or an administrative claim with an
        administrative agency,
        and that the
        award of the arbitrator, which shall include a determination based on relative
        success on the merits as to whom shall bear the Designated Employee's legal
        fees, shall be final and binding on both parties, and nonappealable. The
        arbitrator shall have discretion to award monetary and other damages, or
        no
        damages, and to fashion such other relief as the arbitrator deems appropriate.
        The Company will be responsible for paying any filing fees and costs of the
        arbitration proceeding itself (for example, arbitrators' fees, conference
        room,
        transcripts), but, except as set forth in this Section 7, each party shall
        be responsible for its own attorneys' fees. THE COMPANY AND EACH DESIGNATED
        EMPLOYEE ACKNOWLEDGE AND AGREE THAT BY AGREEING TO ARBITRATE, THEY ARE WAIVING
        ANY RIGHT TO BRING AN ACTION AGAINST THE OTHER IN A COURT OF LAW, EITHER
        STATE
        OR FEDERAL, AND ARE WAIVING THE RIGHT TO HAVE CLAIMS AND DAMAGES, IF ANY,
        DETERMINED BY A JURY.

       

      
        
          
          

        

        
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                8.

              	
                Mitigation
                  of Damages; Effect of
                  Plan

              

      

       

      (a)       
        The
        Designated Employee shall not be required to mitigate damages or the amount
        of
        any payment provided for under the Plan by seeking other employment or
        otherwise, nor shall the amount of any payment provided for under the Plan
        be
        reduced by any compensation earned by the Designated Employee as a result
        of
        employment by another employer or by retirement benefits after the Date of
        Termination, or otherwise, except to the extent provided in Section 5(b)
        above.

       

      (b)       
        The
        provisions of the Plan, and any payment provided for hereunder, shall not
        reduce
        any amounts otherwise payable, or in any way diminish the Designated Employee's
        then existing rights, or rights which would accrue solely as a result of
        the
        passage of time, under any Benefit Plan, employment agreement or other contract,
        plan or arrangement.

       

      
        	 	
                9.

              	
                Funding
                  Upon Change in Control

              

      

       

      (a)       
        Prior
        to the occurrence of a Change in Control, the Board of Directors of the Company
        shall have the discretion to direct the Company to fund, to the extent it
        has
        not done so, a sum equal to the present value on the date of the Change in
        Control (determined using an interest rate equal to the short-term applicable
        federal rate (with annual compounding) established under Section 1274(d) of
        the Code for the month in which the Change in Control occurs) of any amounts
        that are or would reasonably be expected to become payable to the Designated
        Employees under the Plan (including a good faith estimate of expenses of
        the
        trust in the event that the Company does not timely pay such expenses) by
        establishing and irrevocably funding a trust for the benefit of the Designated
        Employees. The trustee of such trust shall be instructed to pay out any such
        amounts as and to the extent such amounts become payable in accordance with
        the
        terms of the Plan.

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      (b)       
        The
        trust established under this Section 9 shall be a grantor trust described
        in Section 671 of the Code. The Company shall be solely responsible for and
        shall directly pay all fees and expenses of the trust; provided, however,
        in the
        event that the Company does not pay all of the fees and expenses of the trust,
        the trustee shall have the authority to pay such fees from the assets of
        the
        trust.

       

      (c)       
        Any
        payments of severance or other benefits by the trust established pursuant
        to
        this Section 9 shall, to the extent thereof, discharge the Company's
        obligation to pay severance and other benefits under the Plan, it being the
        intent of the Company that the assets in such trust be held for the purpose
        of
        discharging any obligation of the Company to pay severance and other benefits
        under the Plan.

       

      (d)       
        The
        trust established under this Section 9 shall not terminate until the date
        on which all payments and benefits to be funded out of the trust have been
        satisfied and discharged in full. Upon termination of the trust any assets
        remaining in the trust shall be returned to the Company.

       

      
        	 	
                10.

              	
                Term;
                  Amendments; No Effect on Employment Prior to Change in Control;
                  Agreements Incorporated by
                  Reference

              

      

       

      (a)       
        The
        Plan shall initially remain in effect until April 30, 2010, and shall
        automatically renew for successive one-year periods running from May 1 to
        April
        30 unless prior to a Change in Control and prior to four (4) months or more
        before the applicable automatic renewal date, action is taken by the Board
        of
        Directors of the Company to terminate the Plan effective as of a renewal
        date.
        The Plan may also be amended from time to time by the Board of Directors
        of the
        Company; provided, however, that such amendments (other than amendments that
        are
        (i) intended to ensure compliance with applicable law or (ii) are
        favorable to the Designated Employees) may only be adopted prior to a Change
        in
        Control and shall only be effective on and after the applicable renewal date,
        in
        both cases unless agreed to and approved by the Designated Employee.
        Notwithstanding the foregoing, the Plan shall terminate eighteen (18) months
        after a Change in Control and shall terminate as to any Designated Employee
        participating in the Plan upon the termination of the Designated Employee's
        employment with the Company based on death, Disability (as defined in
        Section 3(b)), mandatory retirement or Cause (as defined in
        Section 1(b)) or by the Designated Employee other than for Good Reason (as
        defined in Section 1(f)). Termination or amendment of the Plan shall not
        affect any obligation of the Company under the Plan which has accrued and
        is
        unpaid as of the effective date of the termination or amendment. Unless and
        until a Change in Control shall have occurred, a Designated Employee shall
        not
        have any vested rights under the Plan.

       

      (b)       
        Nothing
        in the Plan
        shall confer upon the Designated Employee any right to continue in the employ
        of
        the Company prior to a Change in Control of the Company or shall interfere
        with
        or restrict in any way the rights of the Company, which are hereby expressly
        reserved, to discharge the Designated Employee at any time prior to the date
        of
        a Change in Control of the Company for any reason whatsoever, with or without
        cause.

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      (c)       
        Notwithstanding
        anything herein to the contrary, the Board of Directors of the Company may,
        in
        its sole discretion, amend the Plan (which amendment shall be effective upon
        its
        adoption or at such other time designated by the Board of Directors) at any
        time
        prior to a Change in Control as may be necessary to avoid the imposition
        of the
        additional tax under Section 409A(a)(1)(B) of the Code; provided,
however,
        that any such
        amendment shall be implemented in such a manner as to preserve, to the greatest
        extent possible, the terms and conditions of the Plan as in existence
        immediately prior to any such amendment.

       

      (d)       
        Any
        agreement entered into by the Company and a Designated Employee, including
        any
        employment agreement, that either (i) explicitly makes reference to this
        Plan or
        (ii) confers rights or provides benefits to a Designated Employee upon such
        Designated Employee's termination of employment with the Company (a
        "Designated
        Employee Agreement")
        shall be incorporated herein by reference to the extent that the terms of
        such
        Designated Employee Agreement pertain to this Plan and/or the circumstances
        under which payments and/or benefits are provided under this Plan. To the
        extent
        that such Designated Employee Agreement provides for rights or benefits to
        the
        Designated Employee under this Plan that are more favorable than the rights
        or
        benefits actually provided for hereunder, the terms of such Designated Employee
        Agreement shall govern.  

       

      (e)       
        In
        the
        event that any Designated Employee Agreement confers rights or provides benefits
        that are of the same type as the rights or benefits conferred or provided
        for
        under this Plan (without giving effect to Section 10(d) hereof) and, but
        for the
        provisions of this Section 10(e) would also be provided under this Plan (without
        giving effect to Section 10(d) hereof) such that the conferral of such rights
        or
        the provision of such benefits pursuant to both the Designated Employee
        Agreement and this Plan (without giving effect to Section 10(d) hereof) would
        result in the Designated Employee receiving rights or benefits that are
        duplicative in nature (the "Duplicative
        Rights"),
        then the
        Duplicative Rights provided for under the Designated Employee Agreement will
        offset any Duplicative Rights that would otherwise be provided
        hereunder.

       

      
        	 	
                11.

              	
                Administration
                  of Plan

              

      

       

      The
        Plan shall be
        administered by the Compensation Committee (the "Committee"),
        which has
        authority to construe and interpret the terms of the Plan and to determine
        the
        eligibility for, and amount of, benefits due under the Plan. All such
        interpretations and determinations of the Committee shall be final and binding
        upon all parties and persons affected thereby. The Committee may appoint
        one or
        more individuals and delegate such of its powers and duties as it deems
        desirable to any such individual(s).

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      
        SCHEDULE
          A

      

       

      
        Effective
          May 1, 2008

         

        
          	    
 
	
                  Category

                	
                       

                	
                     
                        

                	
                  Multiple
                    for
Cash
Compensation
Under

                  Section
                    5(a)

                	
                  Years
                    for
Pension
Benefit Under

                  Section
                    5(c)

                
	
                  I

                	
                  Senior
                    Executive Officers*

                	
                  3

                	
                  3

                
	
                    
                     

                
	
                    
                     

                
	
                  II

                	
                  Admin
                    Vice Presidents - Other Officers

                	
                  2

                	
                  2

                
	
                    
                     

                
	
                    
                     

                
	
                  III

                	
                  Operations
                    Vice Presidents & Other Key Employees

                	
                  1

                	
                  1

                
	
                     
                     

                
	
                    
                     

                

        

        
           

          *
            Plan benefits for certain Senior Executive Officers are subject to Employment
            AgreementsExhibit
        10.95

      

      BUILDING
        MATERIALS HOLDING CORPORATION

      

      MANAGEMENT
        RETENTION UNIT AGREEMENT

      

       

      This
        Management
        Retention Unit Agreement (this “Agreement”) is granted on the 19th day of
        February, 2008 (the “Date of Grant”) by Building Materials Holding Corporation,
        a Delaware corporation (the “Company”) to Robert E. Mellor (“Grantee”).

       

      1.    GRANT
        OF
        MANAGEMENT RETENTION UNITS.

       

      (a)    The
        Company hereby,
        as of the Date of Grant, grants to Grantee an award of 150,000 management
        retention units (the “MRUs”). Each MRU represents Grantee’s right to receive a
        cash settlement, upon vesting, equal to the Fair Market Value of one share
        of
        the Company’s common stock, par value $.001 per share (the “Common Stock”), on
        the vesting date. For purposes of this Agreement, “Fair Market Value” means the
        average closing price of Common Stock over the five trading days before the
        applicable measurement date.

       

      (b)    MRUs
        granted to
        Grantee will be credited to a Management Retention Unit Account, or “MRA,” which
        is a hypothetical account designated under Grantee’s name used solely for the
        purpose of tracking the value to be paid to Grantee upon the MRUs’ vesting
        dates.

       

      2.    CERTAIN
        DEFINITIONS.

       

      As
        used in this Agreement, the following terms shall have the meanings set forth
        below:

       

      (a)    “Affiliate”
shall
        mean a corporation or other entity controlled by, controlling or under common
        control with the Company.

       

      (b)    “Business
        Unit”
shall mean an entity, whether or not incorporated, more than fifty percent
        (50%)
        of the outstanding ownership interests of which are owned by the Company,
        directly or indirectly through one or more ownership chains where each link
        in
        the chain owns more than fifty percent (50%) of the outstanding ownership
        interests of the next link (either alone or together with other links in
        the
        same chain or another chain).

       

      (c)    “Cause”
shall
        mean
        (1) “Cause” pursuant to any individual employment agreement with the
        Company to which Grantee is a party that is then in effect, or (2) if there
        is
        no such individual employment agreement or if it does not define Cause,
        termination of Grantee’s employment by the Company or any of its Affiliates
        because of (A) conviction of or a plea of nolo
        contendre
        to a felony
        involving moral turpitude; (B) misappropriating any significant amount of
        funds
        or property of the Company; (C) attempting to obtain any significant personal
        profit from any transaction in which Grantee has an interest which is adverse
        to
        the interest of the Company, unless Grantee has first obtained consent from
        an
        officer of the Company; or (D) a pattern of gross dereliction of duty. The
        Compensation Committee (the “Committee”) of the Board of Directors (the “Board”)
        of the Company shall, unless otherwise provided in an individual employment
        agreement with Grantee, have the sole discretion to determine whether “Cause”
exists and its determination shall be final.

       

      
        
          Exhibit
            A to
Restricted Stock Agreement

        

        
          -1-

          
            

          

        

        
           

        

      

      (d)    “Change
        of Control”
shall mean the occurrence of any of the following events:

       

      (1)    Forty
        percent
        (40%) of the Company’s Common Stock Acquired by an Outsider.
        Any “person” (as
        such term is used in Sections 13(d) and 14(d) of the Securities Exchange
        Act of
        1934, as amended (the “Exchange Act”), other than (A) the Company or any of its
        Affiliates, (B) any trustee or other fiduciary holding stock under an employee
        benefit plan of the Company or any of its Affiliates, and (C) any corporation
        owned, directly or indirectly, by the stockholders of the Company in
        substantially the same proportions as their ownership of the Company’s stock)
        becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange
        Act), directly or indirectly, of more than forty percent (40%) of the Company’s
        then outstanding shares of Common Stock;

       

      (2)    Members
        of the
        Board as of February 19, 2008 cease to constitute a majority of
        Directors.
        The following
        individuals cease for any reason to constitute a majority of the number of
        directors then serving on Board: individuals who, on February 19, 2008,
        constituted the Board and any new director (other than a director whose initial
        assumption of office is in connection with an actual or threatened election
        contest, including but not limited to a consent solicitation, relating to
        the
        election of directors of the Company) whose appointment or election by the
        Board
        or nomination for election by the Company’s stockholders was approved or
        recommended by a vote of at least two-thirds (2/3) of the directors then
        still
        in office who either were directors on February 19, 2008 or whose appointment,
        election or nomination for election was previously so approved or
        recommended;

       

      (3)    Merger
        or
        Consolidation.
        There is
        consummated a merger or consolidation of the Company or any of its Affiliates
        with any other corporation or other entity in which the Company is not the
        continuing or surviving corporation or pursuant to which the Company’s Common
        Stock would be converted into cash or stock; provided, however, that the
        holders
        of the Company’s Common Stock immediately prior to the merger do not have the
        same proportionate ownership of the common stock of the surviving corporation
        immediately after such merger or consolidation;

       

      (4)    Complete
        Liquidation or Disposition of more than 75% of the Company’s
        Assets.
        The stockholders
        of the Company approve a plan of complete liquidation of the Company or there
        is
        consummated an agreement for the sale or disposition by the Company of assets
        having an aggregate book value at the time of such sale or disposition of
        more
        than seventy-five percent (75%) of the total book value of the Company’s assets
        on a consolidated basis (or any transaction having a similar effect), other
        than
        any such sale or disposition by the Company (including by way of spin-off
        or
        other distribution) to an entity, at least fifty percent (50%) of the combined
        voting power of the voting securities of which are owned immediately following
        such sale or disposition by stockholders of the Company in substantially
        the
        same proportions as their ownership of the Company immediately prior to such
        sale or disposition; or

       

      (5)    Disposition
        of
        a Business Unit.
        There is
        consummated the Disposition of a Business Unit; provided, however, that this
        clause (5) shall apply only to a Grantee who (A) immediately prior to the
        Disposition of a Business Unit were employed by (and on the payroll of) the
        Business Unit that was the subject of the Disposition of a Business
        Unit.

       

      
        
           

        

        
          -2-

          
            

          

        

        
           

        

      

      (e)    “Disposition
        of a
        Business Unit” means a sale or other disposition, however effected, of a
        Business Unit which is either:

       

      (1)    A
        sale by the
        Company or any of its Affiliates of the then outstanding ownership interests
        of
        the Business Unit having more than 50% of the then existing voting power
        of all
        outstanding ownership interests of the Business Unit, whether by merger,
        consolidation or otherwise, unless after the sale the Company, any of its
        Affiliates, or any trustee or other fiduciary holding securities under an
        employee benefit plan of the Company, the Business Unit or any Affiliate,
        individually or collectively, directly or indirectly, owns the then outstanding
        ownership interests of the Business Unit having 50% or more of the then existing
        voting power of all outstanding ownership interests of the Business
        Unit;

       

      (2)    The
        sale of all or
        substantially all of the assets of the Business Unit as a going concern;
        or

       

      (3)    Any
        other
        transaction or course of action engaged in, directly or indirectly, by the
        Company, the Business Unit or any Affiliate, that has a substantially similar
        effect as the transactions of the type referred to in clause (1) or (2)
        above.

       

      (f)    “Disability”
shall
        mean either (1) Grantee is unable to engage in any substantial gainful
        activity by reason of any medically determinable physical or mental impairment
        that can be expected to result in death or can be expected to last for a
        continuous period of not less than 12 months, or (2) Grantee is, by reason
        of any medically determinable physical or mental impairment that can be expected
        to result in death or can be expected to last for a continuous period of
        not
        less than 12 months, receiving income replacement benefits for a period of
        not
        less than 3 months under an accident and health plan covering employees of
        the
        Company.

       

      (g)    “Good
        Reason” shall
        mean, without Grantee’s consent, the occurrence of any of the following
        circumstances unless such circumstances are fully corrected prior to the
        expiration of the thirty day period following delivery to the Company of
        Grantee’s notice of intention to terminate his or her employment for Good Reason
        describing the circumstances in reasonable detail:

       

      (1)    A
        material
        diminution in Grantee’s base compensation;

       

      (2)    A
        material
        diminution in Grantee’s authority, duties, or responsibilities;

       

      (3)    A
        material
        diminution in the authority, duties, or responsibilities of the supervisor
        to
        whom Grantee is required to report, including a requirement that Grantee
        report
        to a corporate officer or employee instead of reporting directly to the
        Board;

       

      (4)    A
        material
        diminution in the budget over which Grantee retains authority;

       

      (5)    A
        material change
        in the geographic location at which Grantee must perform the services;
        or

       

      (6)    Any
        other action or
        inaction that constitutes a material breach by the Company of its employment
        agreement with Grantee.

       

      Grantee
        shall be
        deemed to have waived his rights to terminate his or her employment with
        the
        Company for circumstances constituting Good Reason if s/he shall not have
        provided to the Company a notice of termination within ninety days immediately
        following his or her knowledge of the circumstances constituting Good
        Reason.

       

      
        
           

        

        
          -3-

          
            

          

        

        
           

        

      

      3.    VESTING
        AND
        SETTLEMENT.

       

      MRUs
        shall fully
        vest on the second anniversary of the Date of Grant, so long as Grantee has
        continuously performed service (whether as an employee, director or consultant
        for the Company or any of its Affiliates) (“Service”) from the Date of Grant to
        the vesting date. MRUs shall be settled in cash by the Company no later than
        60
        days after the applicable vesting date, provided, however, that if Grantee
        is
        deemed on the date of termination to be a “specified employee” within the
        meaning of that term under Section 409A(a)(2)(B) of the Internal Revenue
        Code of
        1986, as amended (the “Code”), then with regard to any payment or the provision
        of any benefit that is considered deferred compensation under Section 409A
        of
        the Code payable on account of a “separation from service,” such payment or
        benefit shall be made or provided at the date which is the earlier of (i)
        the
        expiration of the six (6)-month period measured from the date of such
“separation from service” of Grantee, and (ii) the date of Grantee’s death.
        Grantee shall be entitled, at his or her election, to defer the cash settlement
        of MRUs into the Company’s Deferred Compensation Plan, pursuant to the terms and
        conditions of such plan and provided that Grantee is eligible to participate
        in
        such plan.

       

      The
        Company may
        withhold from any amounts payable under this Agreement such Federal, state
        and
        local taxes as may be required to be withheld pursuant to any applicable
        law or
        regulation.

       

      4.    TERMINATION
        EVENTS.

       

      The
        following
        provisions shall apply to all MRUs granted hereunder upon termination of
        Grantee’s Service:

       

      (a)    If
        Grantee’s
        Service is terminated due to Grantee’s death or Disability, all MRUs credited to
        Grantee’s MRA shall become immediately vested and settled in accordance with
        Section 3. 

       

      (b)    If
        the Company
        terminates Grantee’s Service without Cause, all unvested MRUs shall become
        immediately vested and settled in accordance with Section 3.

       

      (c)    If
        Grantee
        voluntarily terminates Service under any circumstances, except as provided
        in
        Sections 4(a) or (d), or Grantee’s Service is terminated for Cause, all MRUs,
        whether vested or unvested, shall be immediately forfeited without settlement
        or
        payment of value.

       

      (d)    If,
        in connection
        with or at any time following the occurrence of a Change in Control, Grantee
        is
        terminated without Cause or resigns for Good Reason, all unvested MRUs shall
        become immediately vested and settled in accordance with Section 3. In the
        event
        the Common Stock is no longer publicly traded as of the date Grantee is
        terminated or resigns pursuant to this Section 4(d), the “Fair Market Value”
attributable to each MRU shall be determined by a nationally recognized
        valuation or investment banking firm selected by the board of directors (or
        similar governing body) of the Company or its successor.

       

      5.    ADJUSTMENT
        OF
        MRUs.

       

      Upon
        the occurrence
        of a reorganization, merger, consolidation, recapitalization, reclassification,
        stock split, reverse stock split, spin-off, repurchase, share exchange, dividend
        or distribution of stock, property or cash (other than regular, quarterly
        cash
        dividends), or any other event or transaction that affects the number or
        kind of
        shares of Common Stock outstanding, the Committee shall make appropriate,
        equitable adjustments in the value of the MRUs described herein in order
        to
        prevent the dilution or enlargement of either Grantee’s rights hereunder or the
        value of the MRUs (determined immediately before and after such adjustment);
        provided, however, that no such adjustment shall be made to the extent that
        the
        Committee determines that such adjustment would result in the disallowance
        of a
        federal income tax deduction for compensation attributable to the MRUs under
        Section 162(m) of the Code, if applicable.

       

      
        
           

        

        
          -4-

          
            

          

        

        
           

        

      

      6.    UNFUNDED
        STATUS
        OF MRUs.

       

      MRUs
        are an
        unfunded obligation of the Company to pay compensation in the future. Neither
        the grant nor vesting of MRUs hereunder, nor the taking of any other action
        in
        respect of MRUs, shall give Grantee rights that are greater than those of
        a
        general creditor of the Company; provided, however, that the Company may
        create
        a trust or make other arrangements to meet its obligations in respect of
        MRUs,
        which trusts or other arrangements shall be consistent with the status of
        MRUs
        as an unfunded obligation, unless the Committee otherwise determines with
        the
        consent of Grantee.

       

      7.    CLAIMS;
        NOTICES.

       

      (a)    Any
        claim that
        Grantee makes for benefits relating to MRUs shall be filed in writing with
        the
        Committee. Written notice of the disposition of the claim shall be delivered
        to
        Grantee within 60 days after filing. If the claim is denied, the reasons
        shall
        be set forth in a statement delivered to Grantee. The filing of a claim in
        accordance with this Section 7 shall be a condition precedent to the initiation
        of any legal proceeding with respect to such claim.

       

      (b)    All
        notices or
        other communications made or given in respect off MRUs shall be in writing
        and
        shall be sufficiently made or given if hand-delivered or mailed by certified
        mail addressed to Grantee at the address contained in the records of the
        Company, or to the Company attention of the Committee at the Company’s principal
        office.

       

      8.    ENTIRE
        AGREEMENT.

       

      This
        Agreement
        constitutes the entire agreement between Grantee and the Company relating
        to
        this subject matter. No other prior or contemporaneous agreements, promises,
        representations, covenants, warranties, or any other undertaking whatsoever
        respecting such matters shall be deemed in any way to exist or to bind any
        of
        the parties. Grantee acknowledges and agrees that s/he has not executed this
        Agreement in reliance on any such other agreement, promise, representation,
        covenant, warranty, or undertaking. The Agreement may not be orally modified.
        All modifications must be agreed to in writing and signed by both
        parties.

       

      9.    SETOFF.

       

      The
        Company may, to
        the extent permitted by law, deduct from and set off against its obligations
        to
        Grantee from time to time, (including without limitation amounts payable
        in
        connection with settlement of MRUs, as wages or benefits or other form of
        compensation), any amounts that Grantee owes to the Company or any of its
        Affiliates for any reason whatsoever. Grantee shall remain liable for any
        portion of Grantee’s obligation not satisfied by such setoff. By accepting the
        MRUs granted hereunder, Grantee agrees to any deduction or setoff under this
        Section 9.

       

      
        
           

        

        
          -5-

          
            

          

        

        
           

        

      

      10.   TRANSFERABILITY
        AND ALIENATION.

       

      Except
        insofar as
        may otherwise be required by law or Section 9 above, no amount payable at
        any
        time pursuant to this award of MRUs shall be subject in any manner to alienation
        by anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment,
        charge, or encumbrance of any kind, nor in any manner be subject to the debts
        or
        liabilities of any person, and any attempt to so alienate or subject any
        such
        amount, whether presently or thereafter payable, shall be void. If any person
        shall attempt to, or shall, alienate, sell, transfer, assign, pledge, attach,
        charge, or otherwise encumber any amount payable pursuant to this award of
        MRUs,
        or any part thereof, or if by reason of his or her bankruptcy or other event
        happening at any such time such amount would be made subject to his or her
        debts
        or liabilities or would otherwise not be enjoyed by him or her, then the
        Company, if it so elects, may direct that such amount be withheld and that
        the
        same or any part thereof be paid or applied to or for the benefit of such
        person, his or her spouse, children or other dependents, or any of Grantee’s
        heirs, in such manner and proportion as the Company may deem
        proper.

       

      11.   NO
        EMPLOYMENT,
        CONTINUED SERVICE OR EQUITYHOLDER RIGHTS.

       

      This
        Agreement
        shall not give Grantee any right to remain employed by the Company or any
        of its
        Affiliates, nor shall it provide Grantee with any rights to any other form
        of
        service (such as a consultant or director) with any of the foregoing entities.
        The Company reserves the right to terminate the employment or service of
        Grantee
        at any time, and for any reason or no reason, subject to applicable laws
        and any
        employment or other agreement. Grantee shall not have the rights of an
        equityholder of the Company as a result of the grant or vesting of
        MRUs.

       

      12.   COMMITTEE
        AUTHORITY

       

      The
        Agreement shall
        be administered by the Committee. The Committee shall be authorized and
        empowered to do all things necessary or desirable in connection with the
        administration of this Agreement, including, without limitation, the following:
        (a) accelerate the exercisability of the MRUs, (b) determine whether,
        and the extent to which, adjustments are required pursuant to Section 5,
        (c)  verify the extent of satisfaction of any conditions applicable to the
        vesting of the MRUs, (d) interpret and construe the terms and conditions of
        the award of MRUs hereunder, and to make exceptions to any such provisions
        in
        good faith and for the benefit of the Company and (e) to make all other
        determinations deemed necessary or advisable for the administration of the
        award
        of MRUs hereunder. All decisions, determinations and interpretations by the
        Committee regarding the terms and conditions of or operation of the award
        of
        MRUs hereunder shall be final and binding on Grantee and his or her
        beneficiaries, heirs, assigns or other persons holding or claiming rights
        under
        the MRUs. The Committee shall consider such factors as it deems relevant,
        in its
        sole and absolute discretion, to making such decisions, determinations and
        interpretations, including, without limitation, the recommendations or advice
        of
        any officer or other employee of the Company and such attorneys, consultants
        and
        accountants as the Committee may select. The Committee shall not be liable
        for
        any determination or action taken in good faith with respect to the MRUs
        granted
        hereunder. The Committee may correct any defect, supply any omission or
        reconcile any inconsistency in this Agreement in the manner and to the extent
        it
        shall deem desirable to effectuate the purposes of this Agreement. The Committee
        may delegate any or all aspects of the day-to-day administration of the
        Agreement to one or more officers or employees of the Company or any Affiliate,
        and/or to one or more agents.

       

      
        
           

        

        
          -6-

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, the Company has caused this Management Retention Unit Agreement
        to be duly executed by its officers thereunto duly authorized, and Grantee
        has
        hereunto set his or her hand as of the date first above written.

       

    

    
      
        	 	 	 
	 	BUILDING
                MATERIALS HOLDING CORPORATION
	 
 	 
 	 
 
	 	By:	 
	 	Name:	
                
R.
                Scott Morrison, Jr.
	 	Title:	Chairman,
                Compensation Committee
	 	 	 
	 	 	 
	 	Acknowledged
                receipt of and agreement with the terms of the grant of Management
                Retention Units as set forth above.
	 	 	 
	 	 	 
	 	GRANTEE:
	 	 	 
	 	 	 
	 	Signed:	 
	 	 	
                
Robert
                E. Mellor

      

       

      
        
           

        

        
          -7-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]