Document:

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                                                                    Exhibit 10.5

                             PENTEGRA SERVICES, INC.

                    EMPLOYEES' SAVINGS & PROFIT SHARING PLAN
                               BASIC PLAN DOCUMENT

1/1/2001

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                                TABLE OF CONTENTS

ARTICLE I  PURPOSE AND DEFINITIONS...........................................  1

ARTICLE II             PARTICIPATION AND MEMBERSHIP.......................... 10
           Section 1   Eligibility Requirements.............................. 10
           Section 2   Exclusion of Certain Employees........................ 11
           Section 3   Waiver of Eligibility Requirements.................... 11
           Section 4   Exclusion of Non-Salaried Employees................... 11
           Section 5   Commencement of Participation......................... 12
           Section 6   Termination of Participation.......................... 12

ARTICLE III            CONTRIBUTIONS......................................... 13
           Section 1   Contributions by Members.............................. 13
           Section 2   Elective Deferrals by Members......................... 13
           Section 3   Transfer of Funds and Rollover Contributions by
                       Members............................................... 14
           Section 4   Employer Contributions - General...................... 15
           Section 5   Employer Matching Contributions....................... 15
           Section 6   Employer Basic Contributions.......................... 16
           Section 7   Supplemental Contributions by Employer................ 16
           Section 8   The Profit Sharing Feature............................ 17
           Section 9   The 401(k) Feature.................................... 19
           Section 10  Determining the Actual Deferral Percentages........... 21
           Section 11  Determining the Actual Contribution Percentages....... 23
           Section 12  The Aggregate Limit Test.............................. 26
           Section 13  Remittance of Contributions........................... 27
           Section 14  Safe Harbor CODA...................................... 28

ARTICLE IV INVESTMENT OF CONTRIBUTIONS....................................... 30
           Section 1   Investment by Trustee or Custodian.................... 30
           Section 2   Member Directed Investments........................... 30
           Section 3   Employer Securities................................... 31

ARTICLE V  MEMBERS' ACCOUNTS, UNITS AND VALUATION............................ 32

ARTICLE VI VESTING OF ACCOUNTS............................................... 33
           Section 1   Vesting of Member Contributions, 401(k) Deferrals,
                       Qualified Nonelective Contributions and Rollover
                       Contributions......................................... 33
           Section 2   Vesting of Employer Contributions..................... 33
           Section 3   Forfeitures........................................... 36

ARTICLE VII            WITHDRAWALS AND DISTRIBUTIONS......................... 38
           Section 1   General Provisions.................................... 38
           Section 2   Withdrawals While Employed............................ 39
           Section 3   Distributions Upon Termination of Employment.......... 41
           Section 4   Distributions Due to Disability....................... 46
           Section 5   Distributions Due to Death............................ 46
           Section 6   Minimum Required Distributions........................ 47

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ARTICLE VIII           LOAN PROGRAM.......................................... 49
           Section 1   General Provisions ................................... 49
           Section 2   Loan Application...................................... 49
           Section 3   Permitted Loan Amount................................. 51
           Section 4   Source of Funds for Loan.............................. 51
           Section 5   Conditions of Loan.................................... 52
           Section 6   Crediting of Repayment................................ 52
           Section 7   Cessation of Payments on Loan......................... 53
           Section 8   Loans to Former Members............................... 53

ARTICLE IX             ADMINISTRATION OF PLAN AND ALLOCATION
                        OF RESPONSIBILITIES.................................. 54
           Section 1   Fiduciaries........................................... 54
           Section 2   Allocation of Responsibilities Among the Fiduciaries.. 54
           Section 3   No Joint Fiduciary Responsibilities................... 57
           Section 4   Investment Manager.................................... 57
           Section 5   Advisor to Fiduciary.................................. 58
           Section 6   Service in Multiple Capacities........................ 58
           Section 7   Appointment of Plan Administrator..................... 58
           Section 8   Powers of the Plan Administrator...................... 58
           Section 9   Duties of the Plan Administrator...................... 59
           Section 10  Action by the Plan Administrator...................... 59
           Section 11  Discretionary Action.................................. 59
           Section 12  Compensation and Expenses of Plan Administrator....... 59
           Section 13  Reliance on Others.................................... 60
           Section 14  Self Interest......................................... 60
           Section 15  Personal Liability - Indemnification.................. 60
           Section 16  Insurance............................................. 61
           Section 17  Claims Procedures..................................... 61
           Section 18  Claims Review Procedures.............................. 62

ARTICLE X  MISCELLANEOUS PROVISIONS.......................................... 63
           Section 1   General Limitations................................... 63
           Section 2   Top Heavy Provisions.................................. 65
           Section 3   Information and Communications........................ 68
           Section 4   Small Account Balances................................ 68
           Section 5   Amounts Payable to Incompetents, Minors or Estates.... 68
           Section 6   Non-Alienation of Amounts Payable..................... 68
           Section 7   Unclaimed Amounts Payable............................. 69
           Section 8   Leaves of Absence..................................... 69
           Section 9   Return of Contributions to Employer................... 71
           Section 10  Controlling Law....................................... 71

ARTICLE XI AMENDMENT & TERMINATION........................................... 72
           Section 1   General............................................... 72
           Section 2   Termination of Plan and Trust......................... 72
           Section 3   Liquidation of Trust Assets in the Event of
                       Termination........................................... 72
           Section 4   Partial Termination................................... 73
           Section 5   Power to Amend........................................ 73

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           Section 6   Solely for Benefit of Members, Terminated
                       Members and their Beneficiaries....................... 74
           Section 7   Successor to Business of the Employer................. 74
           Section 8   Merger, Consolidation and Transfer.................... 74
           Section 9   Revocability.......................................... 75

TRUSTS ESTABLISHED UNDER THE PLAN............................................ 76

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                                    ARTICLE I
                             PURPOSE AND DEFINITIONS

Section 1.1

This Plan and Trust, as evidenced hereby, and the applicable Adoption Agreement
and Trust Agreement(s), are designed and intended to qualify in form as a
qualified profit sharing plan and trust under the applicable provisions of the
Internal Revenue Code of 1986, as now in effect or hereafter amended, or any
other applicable provisions of law including, without limitation, the Employee
Retirement Income Security Act of 1974, as amended. Effective January 1, 2001,
except as otherwise provided, the Plan is hereby amended and restated in its
entirety to provide as follows:

Section 1.2

The following words and phrases as used in this Plan shall have the following
meanings:

(A)   "Account" means the Plan account established and maintained in respect of
      each Member pursuant to Article V, to which Account shall be allocated, as
      applicable, the Member's after-tax amounts, 401(k) amounts, Employer
      matching amounts, basic amounts, supplemental amounts, profit sharing
      amounts, qualified non-elective contribution amounts, rollover amounts,
      and funds directly transferred to the Plan.

(B)   "Actual Deferral Percentage Test Safe Harbor" means the method described
      in Section 3.14 (A) of Article III for satisfying the actual deferral
      percentage test of ss.401(k)(3) of the Code.

(C)   "Actual Deferral Percentage Test Safe Harbor Contributions" means Employer
      matching contributions and non-elective contributions described in section
      3.14 (A) (1) of Article III.

(D)   "Adoption Agreement" means the separate document by which the Employer has
      adopted the Plan and specified certain of the terms and provisions hereof.
      If any term, provision or definition contained in the Adoption Agreement
      is inconsistent with any term, provision or definition contained herein,
      the one set forth in the Adoption Agreement shall govern.

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      The Adoption Agreement shall be incorporated into and form an integral
      part of the Plan.

(E)   "Beneficiary" means the person or persons designated to receive any amount
      payable under the Plan upon the death of a Member. Such designation may be
      made or changed only by the Member on a form provided by, and filed with,
      the Third Party Administrator prior to his death. If the Member is not
      survived by a Spouse and if no Beneficiary is designated, or if the
      designated Beneficiary predeceases the Member, then any such amount
      payable shall be paid to such Member's estate upon his death.

(F)   "Board" means the Board of Directors of the Employer adopting the Plan.

(G)   "Break in Service" means:

      1.    Where an Employer has elected, in its Adoption Agreement, to use the
            hours of service method for eligibility and/or vesting, a Plan Year
            during which an individual has not completed more than 500 Hours of
            Employment, as determined by the Plan Administrator in accordance
            with the IRS Regulations. Solely for purposes of determining whether
            a Break in Service has occurred, an individual shall be credited
            with the Hours of Employment which such individual would have
            completed but for a maternity or paternity absence, as determined by
            the Plan Administrator in accordance with this Paragraph, the Code
            and the applicable regulations issued by the DOL and the IRS;
            provided, however, that the total Hours of Employment so credited
            shall not exceed 501 and the individual timely provides the Plan
            Administrator with such information as it may require. Hours of
            Employment credited for a maternity or paternity absence shall be
            credited entirely (i) in the Plan Year in which the absence began if
            such Hours of Employment are necessary to prevent a Break in Service
            in such year, or (ii) in the following Plan Year. For purposes of
            this Paragraph, maternity or paternity absence shall mean an absence
            from work by reason of the individual's pregnancy, the birth of the
            individual's child or the placement of a child with the individual
            in connection with the adoption of the child by such individual, or
            for purposes of caring for a child for the period immediately
            following such birth or placement.

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      2.    Where an Employer has elected to use the elapsed time method for
            eligibility and/or vesting service, a Period of Severance of at
            least 12 consecutive months.

(H)   "Code" means the Internal Revenue Code of 1986, as now in effect or as
      hereafter amended. All citations to sections of the Code are to such
      sections as they may from time to time be amended or renumbered.

(I)   "Commencement Date" means the date on which an Employer begins to
      participate in the Plan.

(J)   "Contribution Determination Period" means the Plan Year, fiscal year, or
      calendar or fiscal quarter, as elected by an Employer, upon which
      eligibility for and the maximum permissible amount of any Profit Sharing
      contribution, as defined in Article III, is determined. Notwithstanding
      the foregoing, for purposes of Article VI, Contribution Determination
      Period means the Plan Year.

(K)   "Disability" means a Member's disability as defined in Article VII,
      Section 7.4.

(L)   "DOL" means the United States Department of Labor.

(M)   "Employee" means any person in Employment, and who receives compensation
      from, the Employer, and any leased employee within the meaning of Section
      414(n)(2) of the Code. Notwithstanding the foregoing, if such leased
      employees constitute no more than twenty percent (20%) of the Employer's
      non-highly compensated work force within the meaning of Section 414(n)(5)
      of the Code, such leased employees shall not be considered Employees if
      they are covered by a plan meeting the safe harbor requirements of Section
      414(n)(5) of the Code.

(N)   "Employer" means the entity named in the Adoption Agreement and any other
      entity which, together therewith, constitutes an affiliated service group
      (as defined in Section 414(m)(2) of the Code) , any corporation which,
      together therewith, constitutes a controlled group of corporations as
      defined in Section 1563 of the Code, and any other trade or business
      (whether incorporated or not) which, together therewith, are under common
      control as defined in Section 414(c) of the Code, which have adopted the
      Plan. For purposes of the definition of "Salary" in Section 1.2(II) and
      Article III of the

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      Plan, "Employer" shall refer only to the applicable entity that is
      participating in the Plan.

(O)   "Employment" means service with an Employer.

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(P)   "Enrollment Date" means the date on which an Employee becomes a Member as
      provided under Article II.

(Q)   "ERISA" means the Employee Retirement Income Security Act of 1974, as now
      in effect or as hereafter amended.

(R)   "Fiduciary" means any person who (i) exercises any discretionary authority
      or control with respect to the management of the Plan or control with
      respect to the management or disposition of the assets thereof, (ii)
      renders any investment advice for a fee or other compensation, direct or
      indirect, with respect to any moneys or other property of the Plan, or has
      any discretionary authority or responsibility to do so, or (iii) has any
      discretionary authority or responsibility in the administration of the
      Plan, including any other persons (other than trustees) designated by any
      Named Fiduciary to carry out fiduciary responsibilities, except to the
      extent otherwise provided by ERISA.

(S)   "Highly Compensated Employee" means for Plan Years beginning after
      December 31, 1996, an Employee (i) who is a 5 percent owner at any time
      during the look-back year or determination year, or (ii)(a) who is
      employed during the deter-mination year and who during the look-back year
      received compensation from the Employer in excess of $80,000 (as adjusted
      pursuant to the Code and Regulations for changes in the cost of living),
      and (b) if elected by the Employer was in the top-paid group of Employees
      for such look-back year.

      For this purpose, the determination year shall be the Plan Year. The
      look-back year shall be the 12-month period immediately preceding the
      determination year. The Employer may, however, as indicated in the
      Adoption Agreement, make a calendar year data election. If a calendar year
      data election is made, the look- back year shall be the calendar year
      ending within the Plan Year for purposes of determining who is a Highly
      Compensated Employee (other than for 5% owners).

      The top-paid group shall consist of the top 20 percent of the Employees
      when ranked on the basis of compensation paid by the Employer.

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      The determination of who is a Highly Compensated Employee will be made in
      accordance with Section 414(q) of the Code and the IRS Regulations
      thereunder.

(T)   "Hour of Employment" means each hour during which an Employee performs
      service (or is treated as performing service as required by law) for the
      Employer and, except in the case of military service, for which he is
      directly or indirectly paid, or entitled to payment, by the Employer
      (including any back pay irrespective of mitigation of damages), all as
      determined in accordance with applicable DOL Regulations.

(U)   "Investment Manager" means any Fiduciary other than a Trustee or Named
      Fiduciary who (i) has the power to manage, acquire or dispose of any asset
      of the Plan; (ii) is (a) registered as an investment advisor under the
      Investment Advisors Act of 1940; (b) is a bank, as defined in such Act, or
      (c) is an insurance company qualified to perform the services described in
      clause (i) hereof under the laws of more than one state of the United
      States; and (iii) has acknowledged in writing that he is a Fiduciary with
      respect to the Plan.

(V)   "IRS" means the United States Internal Revenue Service.

(W)   "Leave of Absence" means an absence authorized by an Employee's Employer
      and approved by the Plan Administrator, on a uniform basis, in accordance
      with Article X.

(X)   "Member" means an Employee enrolled in the membership of the Plan under
      Article II.

(Y)   "Month" means any calendar month.

(Z)   "Named Fiduciary" means the Fiduciary or Fiduciaries named herein or in
      the Adoption Agreement who jointly or severally have the authority to
      control and manage the operation and administration of the Plan.

(AA)  "Non-highly Compensated Employee" means an Employee who is not a Highly
      Compensated Employee.

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(BB)  "Normal Retirement Age" means the Member's sixty-fifth (65th) birthday
      unless otherwise specified in the Adoption Agreement.

(CC)  "Period of Service" means the aggregate of all periods commencing with the
      Employee's first day of employment or reemployment with the Employer and
      ending on the date a Break in Service begins. The first day of employment
      or reemployment is the first day the Employee performs an Hour of
      Employment. An Employee will also receive credit for any Period of
      Severance of less than 12 consecutive months, provided that the Employee
      returns to Employment within 12 months of the Employee's retirement, quit
      or discharge or, if earlier, within 12 months of the date the Employee was
      first absent from service for any other reason.

(DD)  "Period of Severance" means a continuous period of time during which the
      Employee is not employed by the Employer. Such period begins on the date
      the Employee retires, quits or is discharged, or if earlier, the 12 month
      anniversary of the date on which the Employee was otherwise first absent
      from service.

      In the case of an individual who is absent from work for maternity or
      paternity reasons, the 12-consecutive month period beginning on the first
      anniversary of the first day of such absence shall not constitute a Break
      in Service. For purposes of this paragraph, an absence from work for
      maternity or paternity reasons means an absence (a) by reason of the
      pregnancy of the individual, (b) by reason of the birth of a child of the
      individual, (c) by reason of the placement of a child with the individual
      in connection with the adoption of such child by such individual, or (d)
      for purposes of caring for such child for a period beginning immediately
      following such birth or placement.

(EE)  "Plan" means the Employees' Savings & Profit Sharing Plan as evidenced by
      this document, the applicable Adoption Agreement and all subsequent
      amendments thereto.

(FF)  "Plan Administrator" means the Named Fiduciary or, as designated by such
      Named Fiduciary and approved by the Board in accordance with Article IX,
      any officer or Employee of the Employer.

(GG)  "Plan Year" means a consecutive 12-month period ending December 31 unless
      otherwise specified in the Adoption Agreement.

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(HH)  "Regulations" means the applicable regulations issued under the Code,
      ERISA or other applicable law, by the IRS, the DOL or any other
      governmental authority and any proposed or temporary regulations or rules
      promulgated by such authorities pending the issuance of such regulations.

(II)  "Salary" means regular basic monthly salary or wages, exclusive of special
      payments such as overtime, bonuses, fees, deferred compensation (other
      than pre-tax elective deferrals pursuant to a Member's election under
      Article III), severance payments, and contributions by the Employer under
      this or any other plan (other than before-tax contributions made on behalf
      of a Member under a Code Section 125 cafeteria plan and qualified
      transportation fringe benefits under Code Section 132(f), unless the
      Employer specifically elects to exclude such contributions or benefits).
      Commissions shall be included at the Employer's option within such limits,
      if any, as may be set by the Employer in the Adoption Agreement and
      applied uniformly to all its commissioned Employees. In addition, Salary
      may also include, at the Employer's option, special payments such as (i)
      overtime or (ii) overtime plus bonuses. As an alternative to the foregoing
      definition, at the Employer's option, Salary may be defined to include
      total taxable compensation reported on the Member's IRS Form W-2, plus
      deferrals, if any, pursuant to Section 401(k) of the Code and pursuant to
      Section 125 of the Code (unless the Employer specifically elects to
      exclude such Section 125 deferrals), but excluding compensation deferred
      from previous years. In no event may a Member's Salary for any Plan Year
      exceed for purposes of the Plan $150,000 (adjusted for cost of living to
      the extent permitted by the Code and the IRS Regulations).

      For Plan Years beginning after December 31, 1996, the family member
      aggregation rules of Code Section 414(q)(6) (as in effect prior to the
      Small Business Job Protection Act of 1996) are eliminated.

(JJ)  "Social Security Taxable Wage Base" means the contribution and benefit
      base attributable to the OASDI portion of Social Security employment taxes
      under Section 230 of the Social Security Act (42 U.S.C. ss.430) in effect
      on the first day of each Plan Year.

(KK)  "Spouse" or "Surviving Spouse" means the individual to whom a Member or
      former Member was married on the date such Member withdraws his

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      Account, or if such Member has not withdrawn his Account, the individual
      to whom the Member or former Member was married on the date of his death.

(LL)  "Third Party Administrator" or "TPA" means Pentegra Services, Inc., a
      non-fiduciary provider of administrative services appointed and directed
      by the Plan Administrator or the Named Fiduciary either jointly or
      severally.

(MM)  "Trust" means the Trust or Trusts established and maintained pursuant to
      the terms and provisions of this document and any separately maintained
      Trust Agreement or Agreements.

(NN)  "Trustee" generally means the person, persons or other entities designated
      by the Employer or its Board as the Trustee or Trustees hereof and
      specified as such in the Adoption Agreement and any separately maintained
      Trust Agreement or Agreements.

(OO)  "Trust Agreement" means the separate document by which the Employer or its
      Board has appointed a Trustee of the Plan, specified the terms and
      conditions of such appointment and any fees associated therewith.

(PP)  "Trust Fund" means the Trust Fund or Funds established by the Trust
      Agreement or Agreements.

(QQ)  "Unit" means the unit of measure described in Article V of a Member's
      proportionate interest in the available Investment Funds (as defined in
      Article IV).

(RR)  "Valuation Date" means any business day of any month for the Trustee,
      except that in the event the underlying portfolio(s) of any Investment
      Fund cannot be valued on such date, the Valuation Date for such Investment
      Fund shall be the next subsequent date on which the underlying
      portfolio(s) can be valued. Valuations shall be made as of the close of
      business on such Valuation Date(s).

(SS)  "Year of Employment" means a period of service of 12 months.

(TT)  "Year of Service" means any Plan Year during which an individual completed
      at least 1,000 Hours of Employment, or satisfied any alternative

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      requirement, as determined by the Plan Administrator in accordance with
      any applicable Regulations issued by the DOL and the IRS.

(UU)  "Year of Eligibility Service" means where an Employer designates a one or
      two 12-consecutive-month eligibility waiting period, an Employee must
      complete at least 1,000 Hours of Employment during each
      12-consecutive-month period (measured from his date of Employment and then
      as of the first day of each Plan Year commencing after such date of
      Employment); provided, however, if an Employee is credited with 1,000
      Hours of Employment in both the initial eligibility computation period and
      the first Plan Year which commences prior to the first anniversary of the
      Employee's employment commencement date, the Employee will be credited,
      for eligibility purposes, with two Years of Eligibility Service. Where an
      Employer designates an eligibility waiting period of less than 12 months,
      an Employee must, for purposes of eligibility, complete a required number
      of hours (measured from his date of Employment and each anniversary
      thereafter) which is arrived at by multiplying the number of months in the
      eligibility waiting period requirement by 83 1/3; provided, however, if an
      Employee completes at least 1,000 Hours of Employment within the 12 month
      period commencing on his Employment commencement date or during any Plan
      Year commencing after such Employment commencement date, such Employee
      will be treated as satisfying the eligibility service requirements.

Section 1.3

The masculine pronoun wherever used shall include the feminine pronoun.

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                                   ARTICLE II
                          PARTICIPATION AND MEMBERSHIP

Section 2.1 Eligibility Requirements

The Employer may elect as a requirement for eligibility to participate in the
Plan (i) the completion of a service period equal to any number of months not to
exceed 12 consecutive months, or (ii) the completion of a service period equal
to one or two 12-consecutive-month periods, and/or (iii) if the Employer so
elects, it may adopt a minimum age requirement from age 18 to age 21. Such
election shall be made and reflected on the Adoption Agreement. Notwithstanding
the foregoing, in the case of an Employer that adopts the 401(k) feature under
Section 3.9, the eligibility requirements under such feature shall not exceed
the period described in clause (i) above, and, at the election of the Employer,
attainment of age 21 as described in clause (iii) above.

Notwithstanding the foregoing, the Employer may elect in the Adoption Agreement
to establish as an eligibility requirement (as a minimum service requirement,
minimum age requirement, or both) for Employer matching contributions, Employer
basic contributions Employer supplemental contributions, and/or Employer Profit
Sharing contributions (i) the completion of any number of months not to exceed
12 consecutive months, or (ii) the completion of one or two 12-consecutive-month
periods, and/or (iii) if the Employer so elects, it may adopt a minimum age
requirement from age 18 to age 21. Such election shall be made and reflected in
the Adoption Agreement.

In implementing the eligibility service periods described above, (i) if an
Employer designates in the Adoption Agreement an eligibility service crediting
method based on the hours of service method, the satisfaction of the eligibility
service requirement shall be dependent on the completion of a Year of
Eligibility Service and (ii) if an Employer designates in the Adoption Agreement
an eligibility service crediting method based on the elapsed time method, the
satisfaction of the eligibility service requirement shall be dependent on the
completion of the requisite Period of Service.

If a non-vested Member terminates employment without a vested interest in his
Account derived from Employer contributions, Years of Employment (or, as
applicable, Years of Service) before a period of consecutive Breaks in Service
will not be taken into account for eligibility purposes if the number of
consecutive Breaks in Service in such period equals or exceeds the greater of
five or the aggregate number

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of Years of Employment (or, as applicable Years of Service) before such break.
If a Member's service is disregarded pursuant to this paragraph, such Member
will be treated as a new Employee for eligibility purposes.

Section 2.2 Exclusion of Certain Employees

To the extent provided in the Adoption Agreement, the following Employees may be
excluded from participation in the Plan:

(i)   Employees not meeting the age and service requirements;

(ii)  Employees who are included in a unit of Employees covered by a collective
      bargaining agreement between the Employee representatives and one or more
      Employers if there is evidence that retirement benefits were the subject
      of good faith bargaining between such Employee representatives and such
      Employer(s). For this purpose, the term "Employee representative" does not
      include any organization where more than one-half of the membership is
      comprised of owners, officers and executives of the Employer;

(iii) Employees who are non-resident aliens and who receive no earned income
      from the Employer which constitutes income from sources within the United
      States; and

(iv)  Employees described in Section 2.4 or included in any other ineligible job
      classifications set forth in the Adoption Agreement.

Section 2.3 Waiver of Eligibility Requirements

The Employer, at its election, may waive the eligibility requirement(s) for
participation specified above for (i) all Employees, or (ii) all those employed
on or up to 12 months after its Commencement Date under the Plan. Subject to the
requirements of the Code, the eligibility waiting period shall be deemed to have
been satisfied for an Employee who was previously a Member of the Plan.

All Employees whose Employment commences after the expiration date of the
Employer's waiver of the eligibility requirement(s), if any, shall be enrolled
in the Plan in accordance with the eligibility requirement(s) specified in the
Adoption Agreement.

Section 2.4 Exclusion of Non-Salaried Employees

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The Employer, at its election, may exclude non-salaried (hourly paid) Employees
from participation in the Plan, regardless of the number of Hours of Employment
such Employees complete in any Plan Year. Notwithstanding the foregoing, for
purposes of this Section and all purposes under the Plan, a non-salaried
Employee that is hired following the adoption date of the Plan by the Employer,
but prior to the adoption of this exclusion by the Employer, shall continue to
be deemed to be an Employee and will continue to receive benefits on the same
basis as a salaried Member, despite classification as a non-salaried Employee.

Section 2.5 Commencement of Participation

Every eligible Employee (other than non-salaried or such other Employees who, at
the election of the Employer, are excluded from participation) shall commence
participation in the Plan on the later of:

(1)   The Employer's Commencement Date, or

(2)   The first day of the month or calendar quarter (as designated by the
      Employer in the Adoption Agreement) coinciding with or next following his
      satisfaction of the eligibility requirements as specified in the Adoption
      Agreement.

The date that participation commences shall be hereinafter referred to as the
Enrollment Date. Notwithstanding the above, no Employee shall under any
circumstances become a Member unless and until his enrollment application is
filed with, and accepted by, the Plan Administrator. The Plan Administrator
shall notify each Employee of his eligibility for membership in the Plan and
shall furnish him with an enrollment application in order that he may elect to
make or receive contributions on his behalf under Article III at the earliest
possible date consonant with this Article.

If an Employee fails to complete the enrollment form furnished to him, the Plan
Administrator shall do so on his behalf. In the event the Plan Administrator
processes the enrollment form on behalf of the Employee, the Employee shall be
deemed to have elected not to make any contributions and/or elective deferrals
under the Plan, if applicable.

Section 2.6 Termination of Participation

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Membership under all features and provisions of the Plan shall terminate upon
the earlier of (a) a Member's termination of Employment and payment to him of
his entire vested interest, or (b) his death.

                                   ARTICLE III
                                  CONTRIBUTIONS

Section 3.1 Contributions by Members

If the Adoption Agreement so provides, each Member may elect to make
non-deductible, after-tax contributions under the Plan, based on increments of
1% of his Salary, provided the amount thereof, when aggregated with the amount
of any pre-tax effective deferrals, does not exceed the limit established by the
Employer in the Adoption Agreement. All such after-tax contributions shall be
separately accounted for, nonforfeitable and distributed with and in addition to
any other benefit to which the Member is entitled hereunder. A Member may change
his contribution rate as designated in the Adoption Agreement, but reduced or
suspended contributions may not subsequently be made up.

Section 3.2 Elective Deferrals by Members

If the Adoption Agreement so provides, each Member may elect to make pre-tax
elective deferrals (401(k) deferrals) under the Plan, based on increments of 1%
of his Salary, provided the amount thereof, when aggregated with the amount of
any after-tax contributions, does not exceed the limit established by the
Employer in the Adoption Agreement. Alternatively, a Member may elect to
contribute for a Plan Year a dollar amount which does not exceed the maximum
amount permitted under this Section 3.2 or the limit established by the Employer
in the Adoption Agreement for such Plan Year and a pro-rata portion shall be
withheld from each payment of Salary to such Member for the balance of the Plan
Year remaining after the election takes effect. All such 401(k) deferrals shall
be separately accounted for, nonforfeitable and distributed under the terms and
conditions described under Article VII with and in addition to any other benefit
to which the Member is entitled hereunder. A Member may change his 401(k)
deferral rate or suspend his 401(k) deferrals as designated in the Adoption
Agreement, but reduced or suspended deferrals may not subsequently be made up.

                                       14

<PAGE>

Notwithstanding any other provision of the Plan, no Member may make 401(k)
deferrals during any Plan Year in excess of $7,000 multiplied by the adjustment
factor as provided by the Secretary of the Treasury. The adjustment factor shall
mean the cost of living adjustment factor prescribed by the Secretary of the
Treasury under Section 402(g)(5) of the Code for years beginning after December
31, 1987, as applied to such items and in such manner as the Secretary shall
provide. In the event that the aggregate amount of

                                       15

<PAGE>

such 401(k) deferrals for a Member exceeds the limitation in the previous
sentence, the amount of such excess, increased by any income and decreased by
any losses attributable thereto, shall be refunded to such Member no later than
the April 15 of the Plan Year following the Plan Year for which the 401(k)
deferrals were made. If a Member also participates, in any Plan Year, in any
other plans subject to the limitations set forth in Section 402(g) of the Code
and has made excess 401(k) deferrals under this Plan when combined with the
other plans subject to such limits, to the extent the Member, in writing
designates to the TPA any 401(k) deferrals under this Plan as excess deferrals
by no later than the March 1 of the Plan Year following the Plan Year for which
the 401(k) deferrals were made, the amount of such designated excess, increased
by any income and decreased by any losses attributable thereto, shall be
refunded to the Member no later than the April 15 of the Plan Year following the
Plan Year for which the 401(k) deferrals were made.

Section 3.3 Transfer of Funds and Rollover Contributions by Members

Each Member may elect to make, directly or indirectly, a rollover contribution
to the Plan of amounts held on his behalf in (i) an employee benefit plan
qualified under Section 401(a) of the Code, or (ii) an individual retirement
account or annuity as described in Section 408(d)(3) of the Code. All such
amounts shall be certified in form and substance satisfactory to the Plan
Administrator by the Member as being all or part of an "eligible rollover
distribution" or a "rollover contribution" within the meaning of Section
402(c)(4) or Section 408(d)(3), respectively, of the Code. Such rollover
amounts, along with the earnings related thereto, will be accounted for
separately from any other amounts in the Member's Account. A Member shall have a
nonforfeitable vested interest in all such rollover amounts.

The Employer may, at its option, permit Employees who have not satisfied the
eligibility requirements designated in the Adoption Agreement to make a rollover
contribution to the Plan.

The Trustee of the Plan may also accept a direct transfer of funds, which meets
the requirements of Section 1.411(d)-4 of the IRS Regulations, from a plan which
the Trustee reasonably believes to be qualified under Section 401(a) of the Code
in which an Employee was, is, or will become, as the case may be, a participant.
If the funds so directly transferred are transferred from a retirement plan
subject to Code Section 401(a)(11), then such funds shall be accounted for
separately and any subsequent distribution of those funds, and earnings thereon,
shall be subject to the provisions

                                       16

<PAGE>

of Section 7.3 which are applicable when an Employer elects to provide an
annuity option under the Plan.

Section 3.4 Employer Contributions - General

The Employer may elect to make regular or discretionary contributions under the
Plan. Such Employer contributions may be in the form of (i) matching
contributions, (ii) basic contributions, (iii) safe harbor CODA contributions
and/or (iv) profit sharing contributions as designated by the Employer in the
Adoption Agreement and/or (i) supplemental contributions and/or (ii) qualified
nonelective contributions as permitted under the Plan. Each such contribution
type shall be separately accounted for by the TPA.

Section 3.5 Employer Matching Contributions

The Employer may elect to make regular matching contributions under the Plan.
Such matching contributions on behalf of any Member shall be conditioned upon
the Member making after-tax contributions under Section 3.1 and/or 401(k)
deferrals under Sections 3.2 and 3.9.

If so adopted, the Employer shall contribute under the Plan on behalf of each of
its Members an amount equal to a percentage (as specified by the Employer in the
Adoption Agreement) of the Member's after-tax contributions and/or 401(k)
deferrals not in excess of a maximum percentage as specified by the Employer in
the Adoption Agreement (in increments of 1%) of his Salary. The percentage
elected by the Employer shall based on a formula not to exceed 200% or in
accordance with one of the schedules of matching contribution formulas listed
below, and must be uniformly applicable to all Members.

                                  Years of Employment                Matching %
                                  -------------------                ----------
Formula Step 1                  Less than 3                               50%
                                At least 3 but less than 5                75%
                                5 or more                                100%

Formula Step 2                  Less than 3                              100%
                                At least 3 but less than 5               150%
                                5 or more                                200%

                                       17

<PAGE>

Section 3.6 Employer Basic Contributions

The Employer may elect to make regular basic contributions under the Plan. Such
basic contributions on behalf of any Member shall not be conditioned upon the
Member making after-tax contributions and/or (401(k) deferrals under this
Article III. If so adopted, the Employer shall contribute to the Plan on behalf
of each Member (as specified by the Employer in the Adoption Agreement) an
amount equal to a percentage not to exceed 15% (as specified by the Employer in
the Adoption Agreement) in increments of 1% of the Member's Salary. The
percentage elected by the Employer shall be uniformly applicable to all Members.
The Employer may elect, if basic contributions are made on behalf of its Members
on a monthly basis, to restrict the allocation of such basic contribution to
those Members who were employed with the Employer on the last day of the month
for which the basic contribution is made.

Section 3.7 Supplemental Contributions by Employer

An Employer may, at its option, make a supplemental contribution under Formula
(1) or (2) below:

Formula (1) A uniform percentage (as specified by the Employer) of each Member's
            contributions not in excess of a maximum percentage (if the Employer
            elects to impose such a maximum) of the Member's Salary which were
            received by the Plan during the Plan Year with respect to which the
            supplemental contribution relates. If the Employer elects to make
            such a supplemental contribution, it shall be made on or before the
            last day of the second month in the Plan Year following the Plan
            Year described in the preceding sentence on behalf of all those
            Members who were employed with the Employer on the last working day
            of the Plan Year with respect to which the supplemental contribution
            relates.

Formula (2) A uniform dollar amount per Member or a uniform percentage (limited
            to a specific dollar amount, if elected by the Employer) of each
            Member's Salary for the Plan Year (or, at the election of the
            Employer, the Employer's fiscal year) to which the supplemental
            contribution relates. If the Employer elects to make such a
            supplemental contribution, it shall be made within the time
            prescribed by law, including extensions of time, for filing of the
            Employer's federal income tax return on behalf of all those Members
            who were employed with the Employer on the last working day of the
            Plan Year (or

                                       18

<PAGE>

            the fiscal year) to which the supplemental contribution relates. The
            Employer may, at its option, elect to make a contribution under this
            paragraph to only those Members whose Salary is less than an amount
            to be specified by the Employer to the extent that such Salary limit
            is less than the dollar amount under Section 414(q) of the Code for
            such year. The percentage contributed under this Formula (2) shall
            be limited in accordance with the Employer's matching formula and
            basic contribution rate, if any, under this Article such that the
            sum of the Employer's Formula (2) supplemental contribution plus all
            other Employer contributions under this Article shall not exceed 15%
            of Salary for such year.

Section 3.8 The Profit Sharing Feature

An Employer may, at its option, adopt the Profit Sharing Feature as described
herein, subject to any other provisions of the Plan, where applicable. This
Feature may be adopted either in lieu of, or in addition to, any other Plan
Feature contained in this Article III. The Profit Sharing Feature is designed to
provide the Employer a means by which to provide discretionary contributions on
behalf of Employees eligible under the Plan.

If this Profit Sharing Feature is adopted, the Employer may contribute on behalf
of each of its eligible Members, on an annual (or at the election of the
Employer, quarterly) basis for any Plan Year or fiscal year of the Employer (as
the Employer shall elect), a discretionary amount not to exceed the maximum
amount allowable as a deduction to the Employer under the provisions of Section
404 of the Code, and further subject to the provisions of Article X.

Any such profit sharing contribution must be received by the Trustee within the
time prescribed by law, including extensions of time, for filing of the
Employer's federal income tax return following the close of the Contribution
Determination Period on behalf of all those Members who are entitled to an
allocation of such profit sharing contribution as set forth in the Adoption
Agreement. For purposes of making the allocations described in this paragraph, a
Member who is on a Type 1 nonmilitary Leave of Absence (as defined in Sections
1.2(W) and 10.8(B)(1)) or a Type 4 military Leave of Absence (as defined in
Sections 1.2(W) and 10.8(B)(4)) shall be treated as if he were a Member who was
an Employee in Employment on the last day of such Contribution Determination
Period.

                                       19

<PAGE>

Profit sharing contributions shall be allocated to each Member's Account for the
Contribution Determination Period at the election of the Employer, in accordance
with one of the following options:

Profit Sharing Formula 1 -  In the same ratio as each Member's Salary during
                            such Contribution Determination Period bears to the
                            total of such Salary of all Members.

Profit Sharing Formula 2 -  In the same ratio as each Member's Salary for the
                            portion of the Contribution Determination Period
                            during which the Member satisfied the Employer's
                            eligibility requirement(s) bears to the total of
                            such Salary of all Members.

The Employer may integrate the Profit Sharing Feature with Social Security in
accordance with the following provision. The annual (or quarterly, if
applicable) profit sharing contributions for any Contribution Determination
Period (which period shall include, for the purposes of the following maximum
integration levels provided hereunder where the Employer has elected quarterly
allocations of contributions, the four quarters of a Plan Year or fiscal year)
shall be allocated to each Member's Account at the election of the Employer, in
accordance with one of the following options:

Profit Sharing Formula 3 -  In a uniform percentage (as specified by the
                            Employer in the Adoption Agreement) of each Member's
                            Salary during the Contribution Determination Period
                            (the "Base Contribution Percentage"), plus a uniform
                            percentage (as specified by the Employer in the
                            Adoption Agreement) of each Member's Salary for the
                            Contribution Determination Period in excess of the
                            Social Security Taxable Wage Base for such
                            Contribution Determination Period (the "Excess
                            Contribution Percentage").

Profit Sharing Formula 4 -  In a uniform percentage (as specified by the
                            Employer in the Adoption Agreement) of each Member's
                            Salary for the portion of the Contribution
                            Determination Period during which the Member
                            satisfied the Employer's eligibility requirement(s),
                            if any, up to the Base Contribution Percentage for
                            such Contribution Determination Period,

                                       20

<PAGE>

                            plus a uniform percentage (as specified by the
                            Employer in the Adoption Agreement) of

                                       21

<PAGE>

                            each Member's Salary for the portion of the
                            Contribution Determination Period during which the
                            Member satisfied the Employer's eligibility
                            requirement(s), equal to the Excess Contribution
                            Percentage.

The Excess Contribution Percentage described in Profit Sharing Formulas 3 and 4
above may not exceed the lesser of (i) the Base Contribution Percentage, or (ii)
the greater of (1) 5.7% or (2) the percentage equal to the portion of the Code
Section 3111(a) tax imposed on employers under the Federal Insurance
Contributions Act (as in effect as of the beginning of the Plan Year) which is
attributable to old-age insurance. For purposes of this Subparagraph,
"compensation" as defined in Section 414(s) of the Code shall be substituted for
"Salary" in determining the Excess Contribution Percentage and the Base
Contribution Percentage.

Notwithstanding the foregoing, the Employer may not adopt the Social Security
integration options provided above if any other integrated defined contribution
or defined benefit plan is maintained by the Employer during any Contribution
Determination Period.

Section 3.9 The 401(k) Feature

The Employer may, at its option, adopt the 401(k) Feature described hereunder
and in Section 3.2 above for the exclusive purpose of permitting its Members to
make 401(k) deferrals to the Plan.

The Employer may make, apart from any matching contributions it may elect to
make, Employer qualified nonelective contributions as defined in Section
1.401(k)-1(g)(13) of the Regulations. The amount of such contributions shall not
exceed 15% of the Salary of all Members eligible to share in the allocation when
combined with all Employer contributions (including 401(k) elective deferrals)
to the Plan for such Plan Year. Allocation of such contributions shall be made,
at the election of the Employer, to the accounts of (i) all Members, or (ii)
only Members who are not Highly Compensated Employees. Allocation of such
contributions shall be made, at the election of the Employer, in the ratio (i)
which each eligible Member's Salary for the Plan Year bears to the total Salary
of all eligible Members for such Plan Year, or (ii) which each eligible Member's
Salary not in excess of a fixed dollar amount specified by the Employer for the
Plan Year bears to the total Salary of all eligible Members taking into account
Salary for each such Member not in excess of the specified dollar amount.
Notwithstanding any provision of the Plan to the contrary,

                                       22

<PAGE>

such contributions shall be subject to the same vesting requirements and
distribution restrictions as Members' 401(k) deferrals and shall not be
conditioned on any election or contribution of the Member under the 401(k)
feature. Any such contributions must be made on or before the last day of the
second month after the Plan Year to which the contribution relates. Further, for
purposes of the actual deferral percentage or actual contribution percentage
tests described below, the Employer may apply (in accordance with applicable
Regulations) all or any portion of the Employer qualified nonelective
contributions for the Plan Year toward the satisfaction of the actual deferral
percentage test. Any remaining Employer qualified nonelective contributions not
utilized to satisfy the actual deferral percentage test may be applied (in
accordance with applicable Regulations) to satisfy the actual contribution
percentage test.

Effective for Plan Years beginning after December 31, 1996, the actual deferral
percentages for Highly Compensated Employees shall, in accordance with the Code
and IRS Regulations, satisfy either (i) or (ii) as follows:

(i)   Prior Year Testing:

      Notwithstanding any other provision of this 401(k) Feature, the actual
      deferral percentage for a Plan Year for Members who are Highly Compensated
      Employees for such Plan Year and the prior year's actual deferral
      percentage for Members who were Non-Highly Compensated Employees for the
      prior Plan Year must satisfy one of the following tests:

      (a)   the actual deferral percentage for a Plan Year for Members who are
            Highly Compensated Employees for the Plan Year shall not exceed the
            prior year's actual deferral percentage of those Members who are not
            Highly Compensated Employees for the prior Plan Year multiplied by
            1.25; or

      (b)   the actual deferral percentage for a Plan Year for Members who are
            Highly Compensated Employees for the Plan Year shall not exceed the
            prior year's actual deferral percentage for Members who were
            Non-Highly Compensated Employees for the prior Plan Year multiplied
            by 2.0, provided that the actual deferral percentage for Members who
            are Highly Compensated Employees does not exceed the actual deferral
            percentage for Members who were Non-Highly Compensated Employees in
            the prior Plan Year by more than 2 percentage points. This
            determination shall be made in accordance with the procedure
            described in Section 3.10 below.

                                       23

<PAGE>

            For the first Plan Year that the Plan permits any Member to make
            elective deferrals and this is not a successor plan, for purposes of
            the foregoing tests, the prior year's Non-Highly Compensated
            Employees' actual deferral percentage shall be 3 percent unless the
            Employer has elected in the Adoption Agreement to use the current
            Plan Year's actual deferral percentage for these Members. The
            Employer may elect in the Adoption Agreement to change from the
            Prior Year Testing method to the Current Year Testing method in
            accordance with the Code and IRS Regulations.

(ii)  Current Year Testing:

            If elected by the Employer in the Adoption Agreement, the actual
            deferral percentage tests in (a) and (b) above, will be applied by
            comparing the current Plan Year's actual deferral percentage for
            Members who are Highly Compensated Employees for such Plan Year with
            the current Plan Year's actual deferral percentage for Members who
            are Non-Highly Compensated Employees for such year. Once made, this
            election can only be changed and the Prior Year Testing method
            applied if the Plan meets the requirements for changing to Prior
            Year Testing set forth in IRS Notice 98-1 (or superseding guidance).

Section 3.10 Determining the Actual Deferral Percentages

For purposes of this 401(k) Feature, the actual deferral percentage for a Plan
Year means, for a specified group of Members for a Plan Year, the average of the
ratios (calculated separately for each Member in such group) of (a) the amount
of 401(k) deferrals (including, as provided in Section 3.9, any Employer
qualified nonelective contributions) made to the Member's account for the Plan
Year, to (b) the amount of the Member's compensation (as defined in Section
414(s) of the Code) for the Plan Year or, alternatively, where specifically
elected by the Employer, for only that part of the Plan Year during which the
Member was eligible to participate in the Plan.

An Employee's actual deferral percentage shall be zero if no 401(k) deferral
(or, as provided in Section 3.9, Employer qualified nonelective contribution) is
made by him or on his behalf for such applicable Plan Year. If the Plan and one
or more other plans which include cash or deferred arrangements are considered
as one plan for purposes of Sections 401(a)(4) and 410(b) of the Code, the cash
or deferred arrangements included in such plans shall be treated as one
arrangement for purposes of this 401(k) Feature.

                                       24

<PAGE>

The TPA shall determine as of the end of the Plan Year whether one of the actual
deferral percentage tests specified in Section 3.9 above is satisfied for such
Plan Year. This determination shall be made after first determining the
treatment of excess deferrals within the meaning of Section 402(g) of the Code
under Section 3.2 above. In the event that neither of such actual deferral
percentage tests is satisfied, the TPA shall, to the extent permissible under
the Code and the IRS Regulations, refund the excess contributions for the Plan
Year in the following order of priority: by (i) refunding such amounts deferred
by the Member which were not matched by his Employer (and any earnings and
losses allocable thereto), and (ii) refunding amounts deferred for such Plan
Year by the Member (and any earnings and losses allocable thereto), and, to the
extent permitted under the Code and applicable IRS Regulations, forfeiting
amounts contributed for such Plan Year by the Employer with respect to the
Member's 401(k) deferrals that are returned pursuant to this Paragraph (and any
earnings and losses allocable thereto).

The distribution of such excess contributions shall be made to Highly
Compensated Employees to the extent practicable before the 15th day of the third
month immediately following the Plan Year for which such excess contributions
were made, but in no event later than the end of the Plan Year following such
Plan Year or, in the case of the termination of the Plan in accordance with
Article XI, no later than the end of the twelve-month period immediately
following the date of such termination.

For purposes of this 401(k) Feature, "excess contributions" means, with respect
to any Plan Year, the excess of the aggregate amount of 401(k) deferrals (and
any other amounts contributed by the Employer that are taken into account in
determining the actual deferral percentage of Highly Compensated Employees for
such Plan Year) (collectively, "401(k) amounts") made to the accounts of Highly
Compensated Employees for such Plan Year, over the maximum amount of such
deferrals that could be made by such Members without violating the requirements
described above. The excess contributions to be distributed shall be determined
by reducing 401(k) amounts made by or on behalf of Highly Compensated Employees
beginning with the Highly Compensated Employee with the largest 401(k) amounts
for the Plan Year until such amount is reduced to be equal to the Highly
Compensated Employee with the next largest 401(k) amount. The procedure
described in the preceding sentence shall be repeated until all excess
contributions have been eliminated and, as applicable, refunded.

                                       25

<PAGE>

Section 3.11 Determining the Actual Contribution Percentages

Notwithstanding any other provision of this Section 3.11, effective for Plan
Years beginning after December 31, 1996, the actual contribution percentage for
the Plan Year for Highly Compensated Employees shall, in accordance with the
Code and IRS Regulations, satisfy either (i) or (ii) as follows:

(i)   Prior Year Testing

      (a)   the actual contribution percentage for a Plan Year for Members who
            are Highly Compensated Employees for the Plan Year shall not exceed
            the prior Plan Year's actual contribution percentage for Members who
            were Non-Highly Compensated Employees for the prior Plan Year
            multiplied by 1.25, or

      (b)   the actual contribution percentage for Members who are Highly
            Compensated Employees for the Plan Year shall not exceed the prior
            year's actual contribution percentage for Members who were
            Non-Highly Compensated Employees for the prior Plan Year multiplied
            by 2, provided that the actual contribution percentage for Members
            who are Highly Compensated Employees does not exceed the actual
            contribution percentage for Members who were Non-Highly Compensated
            Employees in the prior Plan Year by more than 2 percentage points.

      For the first Plan Year this Plan permits any Member to make after-tax
      contributions pursuant to Section 3.1, provides for Employer matching
      contributions (pursuant to Section 3.5), or both, and this is not a
      successor plan, for purposes of the foregoing tests, the prior Plan Year's
      Non-Highly Compensated Employees' actual contribution percentage shall be
      3 percent unless the Employer has elected in the Adoption Agreement to use
      the current Plan Year's actual contribution percentage for these Members.

(ii)  Current Year Testing

      If elected by the Employer in the Adoption Agreement, the actual
      contribution percentage tests in (a) and (b), above, will be applied by
      comparing the current Plan Year's actual contribution percentage for
      Members who are Highly Compensated Employees for such Plan Year with the
      current Plan Year's actual contribution percentage for Members who are
      Non-Highly Compensated Employees for such year. Once made, this election
      can only be

                                       26

<PAGE>

      changed and the Prior Year Testing method applied if the Plan meets the
      requirements for changing to Prior Year Testing set forth in IRS Notice
      98-1 (or superseding guidance).

      For purposes of this Article III, the "actual contribution percentage" for
      a Plan Year means for a specified group of Employees, the average of the
      ratios (calculated separately for each Employee in such group) of (A) the
      sum of (i) Member after-tax contributions credited to his Account for the
      Plan Year, (ii) Employer matching contributions and/or supplemental
      contributions under Formula 1 credited to his Account as described in this
      Article for the Plan Year, and (iii) in accordance with and to the extent
      permitted by the IRS Regulations, 401(k) deferrals (and, as provided in
      Section 3.9, any Employer qualified nonelective contributions) credited to
      his Account, to (B) the amount of the Member's compensation (as defined in
      Section 414(s) of the Code) for the Plan Year or, alternatively, where
      specifically elected by the Employer, for only that part of the Plan Year
      during which the Member was eligible to participate in the Plan. An
      Employee's actual contribution percentage shall be zero if no such
      contributions are made by him or on his behalf for such Plan Year.

      The actual contribution percentage taken into account for any Highly
      Compensated Employee who is eligible to make Member contributions or
      receive Employer matching contributions under two or more plans described
      in Section 401(a) of the Code or arrangements described in Section 401(k)
      of the Code that are maintained by the Employer shall be determined as if
      all such contributions were made under a single plan.

      The TPA shall determine as of the end of the Plan Year whether one of the
      actual contribution percentage tests specified above is satisfied for such
      Plan Year. This determination shall be made after first determining the
      treatment of excess deferrals within the meaning of Section 402(g) of the
      Code under Section 3.2 above and then determining the treatment of excess
      contributions under Section 3.10 above. In the event that neither of the
      actual contribution percentage tests is satisfied, the TPA shall (i)
      refund the excess aggregate contributions to the extent attributable to
      Member after-tax contributions and vested matching contributions for which
      the underlying Member after-tax contributions or 401(k) deferrals are not
      subject to correction under the actual deferral percentage or actual
      contribution percentage tests for such year (and

                                       27

<PAGE>

      any income related thereto) and (ii) forfeit the excess aggregate
      contributions to the extent attributable to non-vested Employer matching
      contributions and vested Employer matching contributions for which the
      underlying Member after-tax contributions or 401(k) deferrals are subject
      to correction under the actual deferral percentage or actual contribution
      percentage tests for such year (and any income related thereto), in the
      manner described below.

      For purposes of this Article III, "excess aggregate contributions" means,
      with respect to any Plan Year and with respect to any Member, the excess
      of the aggregate amount of contributions (and any earnings and losses
      allocable thereto) made as (i) Member after-tax contributions credited to
      his Account for the Plan Year, (ii) Employer matching contributions and/or
      supplemental contributions under Formula 1 credited to his Account as
      described in this Article for the Plan Year, and (iii) in accordance with
      and to the extent permitted by the IRS Regulations, 401(k) deferrals (and,
      as provided in Section 3.9, any Employer qualified nonelective
      contributions) credited to his Account (if the Plan Administrator elects
      to take into account such deferrals and contributions when calculating the
      actual contribution percentage) of Highly Compensated Employees for such
      Plan Year, over the maximum amount of such contributions that could be
      made as Employer contributions, Member contributions and 401(k) deferrals
      of such Members without violating the requirements of any Subparagraph of
      this Section 3.11.

      To the extent excess aggregate contributions must be refunded or forfeited
      for a Plan Year, such excess amounts will be refunded (or, as applicable,
      forfeited) first to the Highly Compensated Employees with the largest
      Contribution Percentage Amounts (as defined below) taken into account in
      calculating the actual contribution percentage test for the year the
      excess arose and continuing in descending order until all the excess
      aggregate contributions are refunded (or, as applicable, forfeited). For
      purposes for the preceding sentence, the "largest amount" is determined
      after distribution of any excess aggregate contributions. For purposes of
      this paragraph, "Contribution Percentage Amounts" means the sum of Member
      after-tax contributions, Employer matching contributions, Employer
      supplemental contributions under Formula (1), and qualified matching
      contributions ( to the extent not taken into account for purposes of the
      actual deferral percentage test) made under the Plan on behalf of the
      Member for the Plan Year. However, such Contribution Percentage Amounts
      shall not include

                                       28

<PAGE>

      Employer matching contributions that are forfeited either to correct
      excess aggregate contributions or because the contributions to which they
      relate are excess deferrals, excess contributions or excess aggregate
      contributions.

      The refund or forfeiture of such excess aggregate contributions shall be
      made with respect to such Highly Compensated Employees to the extent
      practicable before the 15th day of the third month immediately following
      the Plan Year for which such excess aggregate contributions were made, but
      in no event later than the end of the Plan Year following such Plan Year
      or, in the case of the termination of the Plan in accordance with Article
      XI, no later than the end of the twelve-month period immediately following
      the date of such termination.

Section 3.12 The Aggregate Limit Test

Notwithstanding any other provision of the Plan, effective for Plan Years
beginning after December 31, 1996, the sum of the actual deferral percentage and
the actual contribution percentage determined in accordance with the procedures
described above of those Employees who are Highly Compensated Employees may not
exceed the aggregate limit as determined below.

For purposes of this Article III, the "aggregate limit" for a Plan Year is the
greater of:

      (1)   The sum of:

            (a)   1.25 times the greater of the actual deferral percentage of
                  the Non-Highly Compensated Employees for the prior Plan Year
                  or the actual contribution percentage of the Non-Highly
                  Compensated Employees for the Plan Year, and

            (b)   two percentage points plus the lesser of the actual deferral
                  percentage or actual contribution percentage referred to in
                  (a) above. In no event, however, shall the percentages
                  described in the preceding sentence exceed two times the
                  lesser of the relevant actual deferral percentage or the
                  relevant actual contribution percentage; or

      (2)   The sum of:

                                       29

<PAGE>
            (a)   1.25 times the lesser of the actual deferral percentage of the
                  Non-Highly Compensated Employees for the prior Plan Year or
                  the actual contribution percentage of the Non-Highly
                  Compensated Employees for the Plan Year, and

            (b)   two percentage points plus the greater of the actual deferral
                  percentage or the actual contribution percentage referred to
                  in (a) above. In no event, however, shall the percentage
                  described in the preceding sentence exceed two times the
                  greater of the relevant actual deferral percentage or the
                  relevant actual contribution percentage; provided, however,
                  that if a less restrictive limitation is prescribed by the
                  IRS, such limitation shall be used in lieu of the foregoing.
                  The calculation of the aggregate limit, as defined above,
                  shall be determined in accordance with the Code and the IRS
                  Regulations.

The TPA shall determine as of the end of the Plan Year whether the aggregate
limit has been exceeded. This determination shall be made after first
determining the treatment of excess deferrals within the meaning of Section
402(g) of the Code under Section 3.2 above, then determining the treatment of
excess contributions under Section 3.10 above, and then determining the
treatment of excess aggregate contributions under this Article III. In the event
that the aggregate limit is exceeded, the actual contribution percentage of
those Employees who are Highly Compensated Employees shall be reduced in the
same manner as described in Section 3.11 of this Article until the aggregate
limit is no longer exceeded, unless the TPA designates, in lieu of the reduction
of the actual contribution percentage, a reduction in the actual deferral
percentage of those Employees who are Highly Compensated Employees, which
reduction shall occur in the same manner as described in Section 3.10 of this
Article until the aggregate limit is no longer exceeded. Notwithstanding the
provisions of Sections 3.2 and 3.10 above, the amount of excess contributions to
be distributed, with respect to a Member for a Plan Year, shall be reduced by
any excess deferrals distributed to such Member for such Plan Year.

If the Employer has elected in the Adoption Agreement to use the Current Year
Testing method, then, in calculating the aggregate limit for a particular Plan
Year, the Non-Highly Compensated Employees' actual deferral percentage and
actual contribution percentage for that Plan Year, instead of the prior Plan
Year, is used.

Section 3.13 Remittance of Contributions

                                       30

<PAGE>

The contributions of both the Employer and the Plan Members shall be recorded by
the Employer and remitted to the TPA for transmittal to the Trustee or custodian
or directly to the Trustee or custodian so that (i) in the case of Employer
contributions the Trustee or custodian shall be in receipt thereof by the 15th
day of the month next following the

                                       31

<PAGE>

month in respect of which such contributions are payable and (ii) in the case of
Member after-tax contributions and 401(k) deferrals, the Trustee or custodian
shall be in receipt thereof by the 15th business day of the month following the
month in which the Member contributions are received by the Employer or the 15th
business day of the month following the month in which such amount would
otherwise have been payable to the Member in cash. Such amounts shall be used to
provide additional Units pursuant to Article V.

Section 3.14 Safe Harbor CODA

If the Employer has elected the safe harbor CODA option in the Adoption
Agreement, the provisions of this Section 3.14 shall apply for the Plan Year and
any provisions relating to the actual deferral percentage test described in
ss.401(k)(3) of the Code or the actual contribution percentage test described in
ss.401(m)(2) of the Code do not apply. To the extent that any other provision of
the Plan is inconsistent with the provisions of this section, the provisions of
this section govern.

(A)   Actual Deferral Percentage Test Safe Harbor

      (1)   Unless the Employer elects in the Adoption Agreement to make
            Enhanced Matching Contributions (as provided in the Adoption
            Agreement) or safe harbor nonelective contributions, the Employer
            will contribute monthly or on another periodic basis for the Plan
            Year a safe harbor matching contribution to the Plan on behalf of
            each eligible Employee equal to (i) 100 percent of the amount of the
            Employee's 401(k) deferrals that do not exceed 3 percent of the
            Employee's Salary for the Plan Year, plus (ii) 50 percent of the
            amount of the Employee's 401(k) deferrals that exceed 3 percent of
            the Employee's Salary but that do not exceed 5 percent of the
            Employee's Salary ("Basic Matching Contributions").

      (2)   The Member's benefit derived from ADP Test Safe Harbor Contributions
            is nonforfeitable and may not be distributed earlier than separation
            from service, death, disability, an event described in ss.401(k)(10)
            of the Code, or the attainment of age 59 1/2. In addition, such
            contributions must satisfy the ADP Test Safe Harbor without regard
            to permitted disparity under ss.401(l) of the Code.

      (3)   At least 30 days, but not more than 90 days, before the beginning of
            the Plan Year, the Employer will provide each Eligible Employee a

                                       32

<PAGE>

            comprehensive notice of the Employee's rights and obligations under
            the Plan, written in a manner calculated to be understood by the
            average Eligible Employee. If an Employee becomes eligible after the
            90th day before the beginning of the Plan Year and does not receive
            the notice for that reason, the notice must be provided no more than
            90 days before the Employee becomes eligible but not later than the
            date the Employee becomes eligible.

      (4)   In addition to any other election periods provided under the Plan,
            each Eligible Employee may make or modify a deferral election during
            the 30-day period immediately following receipt of the notice
            described above.

                                       33

<PAGE>

                                   ARTICLE IV
                           INVESTMENT OF CONTRIBUTIONS

Section 4.1 Investment by Trustee or Custodian

All contributions to the Plan shall, upon receipt by the TPA, be delivered to
the Trustee or custodian to be held in the Trust Fund and invested and
distributed by the Trustee or custodian in accordance with the provisions of the
Plan and Trust Agreement. The Trust Fund shall consist of one or more of the
Investment Funds or other applicable investment vehicles designated by the
Employer in the Adoption Agreement.

With the exception of the Employer Stock Fund or, if applicable, the Employer
Certificate of Deposit Fund, the Trustee may in its discretion invest any
amounts held by it in any Investment Fund in any commingled or group trust fund
described in Section 401(a) of the Code and exempt under Section 501(a) of the
Code or in any common trust fund exempt under Section 584 of the Code, provided
that such trust fund satisfies any requirements of the Plan applicable to such
Investment Funds. To the extent that the Investment Funds are at any time
invested in any commingled, group or common trust fund, the declaration of trust
or other instrument pertaining to such fund and any amendments thereto are
hereby adopted as part of the Plan.

The Employer will designate in the Adoption Agreement which of the Investment
Funds or other applicable investment vehicles will be made available to Members
and the terms and conditions under which such Funds will operate with respect to
employee direction of allocations to and among such designated Funds and the
types of contributions and/or deferrals eligible for investment therein.

To the extent made available under the Plan, the Employer may elect, in the
Adoption Agreement, to allow Members to direct the investment of their Accounts,
pursuant to, and in accordance with, such rules and procedures as may be
prescribed by the Employer or the Plan Sponsor, to a self-directed brokerage
account.

Section 4.2 Member Directed Investments

To the extent permitted by the Employer as set forth in the Adoption Agreement,
each Member shall direct in writing that his contributions and deferrals, if
any, and the contributions made by the Employer on his behalf shall be invested
(a) entirely in any one of the investment vehicles made available by the
Employer, or (b)

                                       34

<PAGE>

among the available investment vehicles in any combination of multiples of 1%.
If a Member has made any Rollover contributions in accordance with Article III,
Section 3.3, such Member may elect to apply separate investment directions to
such rollover amounts. Any such investment direction shall be followed by the
TPA until changed. Subject to the provisions of the following paragraphs of this
Section, as designated in the Adoption Agreement, a Member may change his
investment direction as to future contributions and also as to the value of his
accumulated Units in each of the available investments by filing written notice
with the TPA. Such directed change(s) will become effective upon the Valuation
Date coinciding with or next following the date which his notice was received by
the TPA or as soon as administratively practicable thereafter. If the Adoption
Agreement provides for Member directed investments, and if a Member does not
make a written designation of an Investment Fund or Funds, or other investment
vehicle, the Employer or its designee shall direct the Trustee to invest all
amounts held or received on account of the Member in the Investment Fund which
in the opinion of the Employer best protects principal.

Except as otherwise provided below, a Member may not direct a transfer from the
Stable Value Fund to the Government Money Market Fund or the Employer
Certificate of Deposit Fund. A Member may direct a transfer from any other
investment vehicle to the Government Money Market Fund or the Employer
Certificate of Deposit Fund provided that amounts previously transferred from
the Stable Value Fund to such investment vehicle remain in such vehicle for a
period of three months prior to being transferred to the Government Money Market
Fund or the Employer Certificate of Deposit Fund.

Section 4.3 Employer Securities

If the Employer so elects in the Adoption Agreement, the Employer and/or Members
may direct that contributions will be invested in Qualifying Employer Securities
(within the meaning of Section 407(d)(5) of ERISA) through the Employer Stock
Fund.

                                       35

<PAGE>

                                    ARTICLE V
                      MEMBERS ACCOUNTS, UNITS AND VALUATION

The TPA shall establish and maintain an Account for each Member showing his
interests in the available Investment Funds or other applicable investments, as
designated by the Employer in the Adoption Agreement. The interest in each
Investment Fund shall be represented by Units.

As of each Valuation Date, the value of a Unit in each Investment Fund shall be
determined by dividing (a) the sum of the net assets at market value determined
by the Trustee by (b) the total number of outstanding Units.

The number of additional Units to be credited to a Member's interest in each
available Investment Fund, as of any Valuation Date, shall be determined by
dividing (a) that portion of the aggregate contributions and/or deferrals by and
on behalf of the Member which was directed to be invested in such Investment
Fund and received by the Trustee by (b) the Unit value of such Investment Fund.

The value of a Member's Account may be determined as of any Valuation Date by
multiplying the number of Units to his credit in each available Investment Fund
by that Investment Fund's Unit value on such date and aggregating the results.
If, and to the extent, a Member's Account is invested pursuant to a
self-directed brokerage account, the investments held in that account shall be
valued by the brokerage firm maintaining such account in accordance with such
procedures as may be determined by such brokerage firm.

                                       36

<PAGE>

                                   ARTICLE VI
                               VESTING OF ACCOUNTS

Section 6.1 Vesting of Member Contributions, 401(k) Deferrals, Qualified
Nonelective Contributions, and Rollover Contributions

All Units credited to a Member's Account based on after-tax contributions and/or
401(k) deferrals made by the Member and any earnings related thereto (including
any rollover contributions allocated to a Member's Account under the Plan and
any earnings thereon) and, as provided in Section 3.9, Employer qualified
nonelective contributions made on behalf of such Member shall be immediately and
fully vested at all times.

Section 6.2 Vesting of Employer Contributions

Except as provided in Section 6.1, the Employer may, at its option, elect one of
the available vesting schedules described herein for each of the employer
contribution types applicable under the Plan as designated in the Adoption
Agreement.

Schedule 1: All applicable Employer contributions (and related earnings) shall
            be immediately and fully vested. If the eligibility requirement(s)
            selected by the Employer under the Plan require(s) that an Employee
            complete a service period which is longer than 12 consecutive
            months, this vesting Schedule 1 shall be automatically applicable.

Schedule 2: All applicable Employer contributions (and related earnings) shall
            vest in accordance with the schedule set forth below:

                             Completed                   Vested
                        Years of Employment            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%

Schedule 3: All applicable Employer contributions (and related earnings) shall
            vest in accordance with the schedule set forth below:

                                       37

<PAGE>

                             Completed                        Vested
                         Years of Employment                Percentage
                         -------------------                ----------
                            Less than 5                         0%
                            5 or more                         100%

Schedule 4: All applicable Employer contributions (and related earnings) shall
            vest in accordance with the schedule set forth below:

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

Schedule 5: All applicable Employer contributions (and related earnings) shall
            vest in accordance with the schedule set forth below:

                             Completed                        Vested
                         Years of Employment                Percentage
                         -------------------                ----------
                            Less than 1                         0%
                            1 but less than 2                  25%
                            2 but less than 3                  50%
                            3 but less than 4                  75%
                            4 or more                         100%

Schedule 6: All applicable Employer contributions (and related earnings) shall
            vest in accordance with the schedule set forth below:

                             Completed                        Vested
                         Years of Employment                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%

Schedule 7: All applicable Employer contributions (and related earnings) shall
            vest in accordance with the schedule set forth in the Adoption
            Agreement prescribed by the Employer in accordance with applicable
            law.

                                       38

<PAGE>

Notwithstanding the vesting schedules above, a Member's interest in his Account
shall become 100% vested in the event that (i) the Member dies while in service
with the Employer and the TPA has received notification of death, (ii) the
Member has been approved for Disability, pursuant to the provisions of Article
VII, and the TPA has received notification of Disability, or (iii) the Member
has attained Normal Retirement Age while in service with the Employer.

Except as otherwise provided hereunder, in the event that the Employer adopts
the Plan as a successor plan to another defined contribution plan qualified
under Sections 401(a) and 501(a) of the Code, or in the event that the Employer
changes or amends a vesting schedule adopted under this Article, any Member who
was covered under such predecessor plan or, the pre-amendment vesting schedule
under the Plan, and has completed at least 3 Years of Employment (or, as
applicable, 3 years of service) may elect to have the nonforfeitable percentage
of the portion of his Account which is subject to such vesting schedule computed
under such predecessor plan's vesting provisions, or computed without regard to
such change or amendment under the Plan (a "Vesting Election"). Any Vesting
Election shall be made by notifying the TPA in writing within the election
period hereinafter described. The election period shall begin on the date such
amendment is adopted or the date such change is effective, or the date the Plan,
which serves as a successor plan, is adopted or effective, as the case may be,
and shall end no earlier than the latest of the following dates: (i) the date
which is 60 days after the day such amendment is adopted; (ii) the date which is
60 days after the day such amendment or change becomes effective; (iii) the date
which is 60 days after the day the Member is given written notice of such
amendment or change by the TPA; (iv) the date which is 60 days after the day the
Plan is adopted by the Employer or becomes effective; or (v) the date which is
60 days after the day the Member is given written notice that the Plan has been
designated as a successor plan. Any such election, once made, shall be
irrevocable.

To the extent permitted under the Code and Regulations, the Employer may, at its
option, elect to treat all Members who are eligible to make a Vesting Election
as having made such Vesting Election if the vesting schedule resulting from such
an election is more favorable than the Vesting Schedule that would apply
pursuant to the Plan amendment. Furthermore, subject to the requirements of the
applicable Regulations, the Employer may elect to treat all Members, who were
employed by the Employer on or before the effective date of the change or
amendment, as subject to the prior vesting schedule, provided such prior
schedule is more favorable.

                                       39

<PAGE>

In the event that an Employer elects, in its Adoption Agreement, to use the hour
of service method for determining vesting service, Years of Service shall be
substituted for Years of Employment for all purposes under this Article VI.

Section 6.3 Forfeitures

If a Member who was partially vested in his Account on the date of his
termination of Employment returns to Employment, his Years of Employment (or, as
applicable, years of service) prior to the Break(s) in Service shall be included
in determining future vesting and, if he returns before incurring 5 consecutive
one year Breaks in Service, any amounts forfeited from his Account shall be
restored to his Account provided, however, that if such a Member has received a
distribution pursuant to Article VII, his nonvested Account shall not be
restored unless he repays to the Plan the full amount distributed to him before
the earlier of (i) 5 years after the first date on which the Member is
subsequently reemployed by the Employer, or (ii) the close of the first period
of 5 consecutive one-year Breaks in Service commencing after the withdrawal. The
amount restored to the Member's Account will be valued on the Valuation Date
coinciding with or next following the later of (i) the date the Employee is
rehired, or (ii) the date a new enrollment application is received by the TPA.
If a Member terminates Employment without any vested interest in his Account, he
shall (i) immediately be deemed to have received a total distribution of his
Account and (ii) thereupon forfeit his entire Account; provided that if such
Member returns to Employment before the number of consecutive one-year Breaks in
Service equals or exceeds the greater of (i) 5, or (ii) the aggregate number of
the Member's Years Employment (or, as applicable, Years of Service) prior to
such Break in Service, his Account shall be restored in the same manner as if
such Member had been partially vested at the time of his termination of
Employment and had his nonvested Account restored upon a return to employment,
and his Years of Employment (or, as applicable, Years of Service) prior to
incurring the first Break in Service shall be included in any subsequent
determination of his vesting service.

Forfeited amounts, as described in the preceding paragraph, shall be made
available to the Employer, through a transfer from the Member's Account to the
Employer Credit Account, upon: (1) if the Member had a vested interest in his
Account at his termination of Employment, the earlier of (i) the date as of
which the Member receives a distribution of his entire vested interest in his
Account or (ii) the date upon which the Member incurs 5 consecutive one-year
Breaks in Service, or (2) the date of the Member's termination of Employment, if
the Member then has no vested

                                       40

<PAGE>

interest in his Account. Once so transferred, such amounts shall be used at the
option of the Employer to (i) reduce administrative expenses for that
Contribution Determination Period, (ii) offset any contributions to be made by
the Employer for that Contribution Determination Period or (iii) be allocated to
all eligible Members deemed to be employed as of the last day of the
Contribution Determination Period. The Employer Credit Account, referenced in
this Subparagraph, shall be maintained to receive, in addition to the
forfeitures described above, (i) contributions in excess of the limitations
contained in Section 415 of the Code, (ii) Employer contributions made in
advance of the date allocable to Members, if any, and (iii) amounts, if any,
forfeited pursuant to Sections 3.10 and 3.11.

                                       41

<PAGE>

                                   ARTICLE VII
                          WITHDRAWALS AND DISTRIBUTIONS

Section 7.1 General Provisions

The Employer will define in the Adoption Agreement the terms and conditions
under which withdrawals and distributions will be permitted under the Plan. All
payments in respect of a Member's Account shall be made in cash from the Trust
Fund and in accordance with the provisions of this Article or Article XI except
that if the Adoption Agreement so provides, a Member may elect to have his
Account, to the extent then invested in the Employer Stock Fund, distributed in
the form of Employer Stock in accordance with the provisions of this Article or
Article XI. The amount of payment will be determined in accordance with the
value of the Member's Account on the Valuation Date coinciding with or next
following the date proper notice is filed with the TPA, unless following such
Valuation Date a decrease in the value of the Member's investment in any of the
available Investment Funds or other Account investments occurs prior to the date
the Member's Account is paid in which case that part of the payment which is
based on such investments shall equal the value of such investments determined
as of the date of payment which date shall occur as soon as administratively
practicable on or following the Valuation Date such proper notice is filed with
the TPA. If units are redeemed to make a payment of benefits, the redemption
date Unit value with respect to a Member's investment in any of the available
Investment Funds shall equal the value of a Unit in such Investment Fund, as
determined in accordance with the valuation method applicable to Unit
investments in such Investment Fund on the date the Member's investment is
redeemed.

Except where otherwise specified, payments provided under this Article will be
made in a lump sum as soon as practicable after such Valuation Date or date of
redemption, as may be applicable, subject to any applicable restriction on
redemption imposed on amounts invested in any of the available Investment Funds.

Any partial withdrawal shall be deemed to come (to the extent available for
withdrawal):

o     First from the Member's after-tax contributions made prior to January 1,
      1987.

                                       42

<PAGE>

o     Next from the Member's after-tax contributions made after December 31,
      1986 plus earnings on all of the Member's after-tax contributions.

o     Next from the Member's rollover contributions plus earnings thereon.

                                       43

<PAGE>

o     Next from the Employer matching contributions plus earnings thereon.

o     Next from the Employer supplemental contributions plus earnings thereon.

o     Next from the Employer basic contributions plus earnings thereon.

o     Next from the Employer safe harbor CODA contributions plus earnings
      thereon.

o     Next from the Member's 401(k) deferrals plus earnings thereon.

o     Next from the Employer qualified nonelective contributions plus earnings
      thereon.

o     Next from the Employer profit sharing contributions plus earnings thereon.

Section 7.2 Withdrawals While Employed

The Employer may, at its option, permit Members to make withdrawals from one or
more of the portions of their Accounts while employed by the Employer, as
designated in the Adoption Agreement, under the terms and provisions described
herein.

Voluntary Withdrawals - To the extent permitted by the Employer as specified in
the Adoption Agreement, a Member may voluntarily withdraw some or all of his
Account (other than his 401(k) deferrals and Employer qualified nonelective
contributions treated as 401(k) deferrals except as hereinafter permitted) while
in Employment by filing a notice of withdrawal with the TPA; provided, however,
that in the event his Employer has elected to provide annuity options under
Section 7.3, no withdrawals may be made from a married Member's Account without
the written consent of such Member's Spouse (which consent shall be subject to
the procedures set forth in Section 7.3). Only one in-service withdrawal may be
made in any Plan Year from each of the rollover amount of the Member's Account
and the remainder of the Member's Account. This restriction shall not, however,
apply to a withdrawal under this Section in conjunction with a hardship
withdrawal.

Notwithstanding the foregoing paragraph, a Member may not withdraw any matching,
basic, supplemental, profit sharing or, solely in the case of the events
described in clause (iii) or (iv), qualified nonelective contributions made by
the Employer under Article III unless (i) the Member has completed 60 months of
participation in the Plan; (ii) the withdrawal occurs at least 24 months after
such contributions were made by the Employer; (iii) the Employer terminates the
Plan without establishing a qualified successor plan; or (iv) the Member dies,
is disabled,

                                       44

<PAGE>

retires, attains age 59 1/2 or terminates Employment. For purposes of the
preceding requirements, if the Member's Account includes amounts which

                                       45

<PAGE>

have been transferred from a defined contribution plan established prior to the
adoption of the Plan by the Employer, the period of time during which amounts
were held on behalf of such Member and the periods of participation of such
Member under such defined contribution plan shall be taken into account.

Effective as of January 1, 1997, if an Employer does not permit Members to make
withdrawals from their Account while employed and a Member has attained age 70
1/2 prior to terminating employment with his Employer, such Member may withdraw
some or all of his Account under the terms and provisions of this Section 7.2.

If an Employer, in the Adoption Agreement, permits Members to withdraw 401(k)
deferrals and qualified non-elective contributions (and the income allocable to
each) while employed by the Employer, such deferrals or contributions are not
distributable earlier than upon separation from service, death, disability,
attainment of age 59 1/2 or hardship. Such amounts may also be distributed, in
accordance with Section 401(k)(2)(B)(i)(II) of the Code and the IRS Regulations
thereunder, upon: (i) termination of the Plan without the establishment of
another defined contribution plan other than an employee stock ownership plan
(as defined in Section 4975(e)(7) or Section 409 of the Code) or a simplified
employee pension plan (defined in Code Section 408(k) or a SIMPLE IRA plan
(defined in Code Section 408(p)), or (ii) the disposition by a corporation to an
unrelated corporation of substantially all of the assets (within the meaning of
Section 409(d)(2) of the Code) used in a trade or business of such corporation
if such corporation continues to maintain this Plan after the disposition, but
only with respect to employees who continue employment with the corporation
acquiring such assets, or (iii) the disposition by a corporation to an unrelated
entity of such corporation's interest in a subsidiary (within the meaning of
Section 409(d)(3) of the Code) if such corporation continues to maintain this
Plan, but only with respect to employees who continue employment with such
subsidiary.

Hardship Withdrawals - If designated by the Employer in the Adoption Agreement,
a Member may make a withdrawal of his 401(k) deferrals, Employer qualified
nonelective contributions which are treated as elective deferrals, and any
earnings credited thereto prior to January 1, 1989, prior to attaining age 59
1/2, provided that the withdrawal is solely on account of an immediate and heavy
financial need and is necessary to satisfy such financial need. For the purposes
of this Article, the term "immediate and heavy financial need" shall be limited
to the need of funds for (i) the payment of medical expenses (described in
Section 213(d)

                                       46

<PAGE>

of the Code) incurred by the Member, the Member's Spouse, or any of the Member's
dependents (as defined in Section 152 of the Code), (ii) the payment of tuition
and room and board for the next 12 months of post-secondary education of the
Member, the Member's Spouse, the Member's children, or any of the Member's
dependents (as defined in Section 152 of the Code), (iii) the purchase
(excluding mortgage payments) of a principal residence for the Member, or (iv)
the prevention of eviction of the Member from his principal residence or the
prevention of foreclosure on the mortgage of the Member's principal residence.
For purposes of this Article, a distribution generally may be treated as
"necessary to satisfy a financial need" if the Plan Administrator reasonably
relies upon the Member's written representation that the need cannot be relieved
(i) through reimbursement or compensation by insurance or otherwise, (ii) by
reasonable liquidation of the Member's available assets, to the extent such
liquidation would not itself cause an immediate and heavy financial need, (iii)
by cessation of Member contributions and/or deferrals pursuant to Article III of
the Plan, to the extent such contributions and/or deferrals are permitted by the
Employer, or (iv) by other distributions or nontaxable (at the time of the loan)
loans from plans maintained by the Employer or by any other employer, or by
borrowing from commercial sources on reasonable commercial terms. The amount of
any withdrawal pursuant to this Article shall not exceed the amount required to
meet the demonstrated financial hardship, including any amounts necessary to pay
any federal income taxes and penalties reasonably anticipated to result from the
distribution as certified to the Plan Administrator by the Member.

Notwithstanding the foregoing, no amounts may be withdrawn on account of
hardship pursuant to this Article prior to a Member's withdrawal of his other
available Plan assets without regard to any other withdrawal restrictions
adopted by the Employer.

Section 7.3 Distributions Upon Termination of Employment

In accordance with the provisions for distributions designated by the Employer
in the Adoption Agreement, a Member who terminates Employment with the Employer
may request a distribution of his Account at any time thereafter up to
attainment of age 70 1/2. Except as otherwise provided by the Employer in the
Adoption Agreement, a Member may withdraw all or a portion of his Account at any
time after termination of employment and any amounts paid under this Article may
not be returned to the Plan.

                                       47

<PAGE>

Any distribution made under this Section 7.3 requires that a Request for
Distribution be filed with the TPA. If a Member does not file such a Request,
the value of his Account will be paid to him as soon as practicable after his
attainment of age 70 1/2, but in no event shall payment commence later than
April 1 of the calendar year following the calendar year in which the Member
attains age 70 1/2 unless otherwise provided by law.

Lump Sum Payments - A Member may request a distribution of all or a part of his
Account no more frequently than once per calendar year by filing the proper
Request for Distribution with the TPA. In the event the Employer has elected to
provide an annuity option under the Plan, no distributions may be made from a
married Member's Account without the written consent of such married Member's
spouse (which consent shall be subject to the procedures set forth below).

Installment Payments - To the extent designated by the Employer in the Adoption
Agreement and in lieu of any lump sum payment of his total Account, a Member who
has terminated his Employment may elect in his Request for Distribution to be
paid in installments (no less frequently than annually), provided that a Member
shall not be permitted to elect an installment period in excess of his remaining
life expectancy (or the joint life expectancy of the Member and his designated
Beneficiary) and if a Member attempts such an election, the TPA shall deem him
to have elected the installment period with the next lowest multiple within the
Member's remaining life expectancy. For purposes of installment payments under
this Section 7.3, the Member's life expectancy (or the joint life expectancy of
the Member and his designated Beneficiary) shall not be recalculated. The amount
of each installment will be equal to the value of the total Units in the
Member's Account, multiplied by a fraction, the numerator of which is one and
the denominator of which is the number of remaining installments including the
one then being paid, so that at the end of the installment period so elected,
the total Account will be liquidated. The value of the Units will be determined
in accordance with the Unit values on the Valuation Date on or next following
the TPA's receipt of his Request for Distribution and on each anniversary
thereafter subject to applicable Regulations under Code Section 401(a)(9).
Payment will be made as soon as practicable after each such Valuation Date, but
in no event shall payment commence later than April 1 of the calendar year
following the calendar year in which the Member attains age 70 1/2 subject to
the procedure for making such distributions described below. The election of
installments hereunder may not be subsequently changed by the Member, except
that upon written notice to the TPA, the Member may withdraw the balance of the

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<PAGE>

Units in his Account in a lump sum at any time, notwithstanding the fact that
the Member previously received a distribution in the same calendar year.

Annuity Payments - The Employer may, at its option, elect to provide an annuity
option under the Plan. To the extent so designated by the Employer in the
Adoption Agreement and in lieu of any lump sum payment of his total Account, a
Member who has terminated his Employment may elect in his Request for
Distribution to have the value of his total Account be paid as an annuity
secured for the Member by the Plan Administrator through a individual annuity
contract purchased by the Plan. In the event the Employer elects to provide the
annuity option, the following provisions shall apply:

Unmarried Members - Any unmarried Member who has terminated his Employment may
elect, in lieu of any other available payment option, to receive a benefit
payable by purchase of a single premium contract providing for (i) a single life
annuity for the life of the Member or (ii) an annuity for the life of the Member
and, if the Member dies leaving a designated Beneficiary, a 50% survivor annuity
for the life of such designated Beneficiary.

Married Members - Except as otherwise provided below, (i) any married Member who
has terminated his Employment shall receive a benefit payable by purchase of a
single premium contract providing for a Qualified Joint and Survivor Annuity, as
defined below, and (ii) the Surviving Spouse of any married Member who dies
prior to the date payment of his benefit commences shall be entitled to a
Preretirement Survivor Annuity, as defined below. Notwithstanding the foregoing,
any such married Member may elect to receive his benefit in any other available
form, and may waive the Preretirement Survivor Annuity, in accordance with the
spousal consent requirements described herein.

For purposes of this Section 7.3, the term Qualified Joint and Survivor Annuity"
means a benefit providing an annuity for the life of the Member, ending with the
payment due on the last day of the month coinciding with or preceding the date
of his death, and, if the Member dies leaving a Surviving Spouse, a survivor
annuity for the life of such Surviving Spouse equal to one-half of the annuity
payable for the life of the Member under his Qualified Joint and Survivor
Annuity, commencing on the last day of the month following the date of the
Member's death and ending with the payment due on the first day of the month
coinciding with or preceding the date of such Surviving Spouse's death.

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<PAGE>

For purposes of this Section 7.3, the term "Preretirement Survivor Annuity"
means a benefit providing for payment of 50% of the Member's Account balance as
of the Valuation Date coinciding with or preceding the date of his death.
Payment of a Preretirement Survivor Annuity shall commence in the month
following the month in which the Member dies or as soon as practicable
thereafter; provided, however, that to the extent required by law, if the value
of the amount used to purchase a Preretirement Survivor Annuity exceeds $3,500,
then payment of the Preretirement Survivor Annuity shall not commence prior to
the date the Member reached (or would have reached, had he lived) Normal
Retirement Age without the written consent of the Member's Surviving Spouse.
Absence of any required consent will result in a deferral of payment of the
Preretirement Survivor Annuity to the month following the month in which occurs
the earlier of (i) the date the required consent is received by the TPA or (ii)
the date the Member would have reached Normal Retirement Age had he lived.

The TPA shall furnish or cause to be furnished, to each married Member with an
Account subject to this Section 7.3, explanations of the Qualified Joint and
Survivor Annuity and Preretirement Survivor Annuity. A Member may, with the
written consent of his Spouse (unless the TPA makes a written determination in
accordance with the Code and the Regulations that no such consent is required),
elect in writing (i) to receive his benefit in a single lump sum payment within
the 90-day period ending on the date payment of his benefit commences; and (ii)
to waive the Preretirement Survivor Annuity within the period beginning on the
first day of the Plan Year in which the Member attains age 35 and ending on the
date of his death. Any election made pursuant to this Subparagraph may be
revoked by a Member, without spousal consent, at any time within which such
election could have been made. Such an election or revocation must be made in
accordance with procedures developed by the TPA and shall be notarized.

Notwithstanding anything to the contrary, effective for Plan Years beginning
after December 31, 1996, the 90-day period in which a Member may, with the
written consent of his Spouse, elect in writing to receive his benefit in a
single lump sum shall not end before the 30th day after the date on which
explanations of the Qualified Joint and Survivor Annuity and Preretirement
Survivor Annuity are provided. A Member may elect (with any applicable spousal
consent) to waive any requirement that the written explanation be provided at
least 30 days before the annuity starting date (or to waive the 30-day
requirement under the preceding sentence) if the distribution commences more
than seven days after such explanation is provided.

                                       50

<PAGE>

Notwithstanding the preceding provisions of this Section 7.3, any benefit of
$3,500, subject to the limits of Article X, or less, shall be paid in cash in a
lump sum in full settlement of the Plan's liability therefor; provided, however,
that in the case of a married Member, no such lump sum payment shall be made
after benefits have commenced without the consent of the Member and his Spouse
or, if the Member has died, the Member's Surviving Spouse. Furthermore, if the
value of the benefit payable to a Member or his Surviving Spouse is greater than
$3,500 and the Member has or had not reached his Normal Retirement Age, then to
the extent required by law, unless the Member (and, if the Member is married and
his benefit is to be paid in a form other than a Qualified Joint and Survivor
Annuity, his Spouse, or, if the Member was married, his Surviving Spouse)
consents in writing to an immediate distribution of such benefit, his benefit
shall continue to be held in the Trust until a date following the earlier of (i)
the date of the TPA's receipt of all required consents or (ii) the date the
Member reaches his earliest possible Normal Retirement Age under the Plan (or
would have reached such date had he lived), and thereafter shall be paid in
accordance with this Section 7.3.

Solely to the extent required under applicable law and regulations, and
notwithstanding any provisions of the Plan to the contrary that would otherwise
limit a Distributee's election under this Subparagraph, a Distributee may elect,
at the time and in the manner prescribed by the TPA, to have any portion of an
Eligible Rollover Distribution paid directly to an Eligible Retirement Plan
specified by the Distributee in a Direct Rollover. For purposes of this
Subparagraph, the following terms shall have the following meanings:

Eligible Rollover Distribution - Any distribution of all or any portion of the
balance to the credit of the Distributee, except that an Eligible Rollover
Distribution does not include: 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 years or more; any distribution to
the extent such distribution is required under Section 401(a)(9) of the Code;
and the portion of any distribution that is not includable in gross income
(determined without regard to the exclusion for net unrealized appreciation with
respect to employer securities).

Effective January 1, 2000, an Eligible Rollover Distribution excludes hardship
withdrawals as defined in Section 401(k)(2)(B)(i)(IV) of the Code which are

                                       51

<PAGE>

attributable to Member's 401(k) deferrals under Treasury Regulation Section
1.401(k)-1(d)(2)(ii).

Eligible Retirement Plan - An individual retirement account described in Section
408(a) of the Code, an individual retirement annuity described in Section 408(b)
of the Code, an annuity plan described in Section 403(a) of the Code, or a
qualified trust described in Section 401(a) of the Code, that accepts the
Distributee's Eligible Rollover Distribution. However, in the case of an
Eligible Rollover Distribution to a Surviving Spouse, an Eligible Retirement
Plan is an individual retirement account or an individual retirement annuity.

Distributee - A Distributee may be (i) an Employee, (ii) a former Employee,
(iii) an Employee's Surviving Spouse, (iv) a former Employee's Surviving Spouse,
(v) an Employee's Spouse or former Spouse who is an alternate payee under a
qualified domestic relations order, as defined in Section 414(p) of the Code, or
(vi) a former Employee's Spouse or former Spouse who is an alternate payee under
a qualified domestic relations order, as defined in Section 414(p) of the Code,
with respect to the interest of the Spouse or former Spouse.

Direct Rollover - A payment by the Plan to the Eligible Retirement Plan
specified by the Distributee.

Section 7.4 Distributions Due to Disability

A Member who is separated from Employment by reason of a disability which is
expected to last in excess of 12 consecutive months and who is either (i)
eligible for, or is receiving, disability insurance benefits under the Federal
Social Security Act or (ii) approved for disability under the provisions of any
other benefit program or policy maintained by the Employer, which policy or
program is applied on a uniform and nondiscriminatory basis to all Employees of
the Employer, shall be deemed to be disabled for all purposes under the Plan.

The Plan Administrator shall determine whether a Member is disabled in
accordance with the terms of the immediately preceding paragraph; provided,
however, approval of Disability is conditioned upon notice to the Plan
Administrator of such Member's Disability within 13 months of the Member's
separation from Employment. The notice of Disability shall include a
certification that the Member meets one or more of the criteria listed above.

Upon determination of Disability, a Member may withdraw his total Account
balance under the Plan and have such amounts paid to him in accordance with the
applicable

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<PAGE>

provisions of this Article VII, as designated by the Employer. If a disabled
Member becomes reemployed subsequent to withdrawal of some or all of his Account
balance, such Member may not repay to the Plan any such withdrawn amounts.

Section 7.5 Distributions Due to Death

Subject to the provisions of Section 7.3 above, if a married Member dies, his
Spouse, as Beneficiary, will receive a death benefit equal to the value of the
Member's Account determined on the Valuation Date on or next following the TPA's
receipt of notice that such Member died; provided, however, that if such
Member's Spouse had consented in writing to the designation of a different
Beneficiary, the Member's Account will be paid to such designated Beneficiary.
Such nonspousal designation may be revoked by the Member without spousal consent
at any time prior to the Member's death. If a Member is not married at the time
of his death, his Account will be paid to his designated Beneficiary.

A Member may elect that upon his death, his Beneficiary, pursuant to this
Section 7.5, may receive, in lieu of any lump sum payment, payment in 5 annual
installments (10 if the Spouse is the Beneficiary, provided that the Spouse's
remaining life expectancy is at least 10 years) whereby the value of 1/5th of
such Member's Units (or 1/10th in the case of a spousal Beneficiary, provided
that the Spouse's remaining life expectancy is at least 10 years) in each
available Investment Fund will be determined in accordance with the Unit values
on the Valuation Date on or next following the TPA's receipt of notice of the
Member's death and on each anniversary of such Valuation Date. Payment will be
made as soon as practicable after each Valuation Date until the Member's Account
is exhausted. Such election may be filed at any time with the Plan Administrator
prior to the Member's death and may not be changed or revoked after such
Member's death. If such an election is not in effect at the time of the Member's
death, his Beneficiary (including any spousal Beneficiary) may elect to receive
distributions in accordance with this Article, except that any balance remaining
in the deceased Member's Account must be distributed on or before the December
31 of the calendar year which contains the 5th anniversary (the 10th anniversary
in the case of a spousal Beneficiary, provided that the Spouse's remaining life
expectancy is at least 10 years) of the Member's death. Notwithstanding the
foregoing, payment of a Member's Account shall commence not later than the
December 31 of the calendar year immediately following the calendar year in
which the Member died or, in the event such Beneficiary is the Member's
Surviving Spouse, on or before the December 31 of the calendar year in which
such Member would have attained age 70 1/2, if later (or, in either case, on any
later date

                                       53

<PAGE>

prescribed by the IRS Regulations). If, upon the Spouse's or Beneficiary's
death, there is still a balance in the Account, the value of the remaining Units
will be paid in a lump sum to such Spouse's or Beneficiary's estate.

Section 7.6 Minimum Required Distributions

Effective as of January 1, 1997, payment of a Member's Account shall not
commence later than April 1 of the calendar year following the later of (i) the
calendar year in which the Member attains age 70 1/2 or (ii) the calendar year
in which the Member retires; provided however, if the Member is a 5 percent
owner (as described in section 416(i) of the Code), at any time during the Plan
Year ending with or within the calendar year in which the Employee attains age
70 1/2, any benefit payable to such Member shall commence no later than April 1
of the calendar year following the calendar year in which the Member attains age
70 1/2. Such benefit shall be paid, in accordance with the Regulations, over a
period not extending beyond the life expectancy of such Member (or the joint
life expectancy of the Member and his designated Beneficiary). For purposes of
this Section, life expectancy of a Member and/or a Member's spouse may at the
election of the Member be recalculated annually in accordance with the
Regulations. The election, once made, shall be irrevocable. If the Member does
not make an election prior to the time that distributions are required to
commence, then life expectancies shall not be recalculated.

Notwithstanding anything in the Plan to the contrary, if a Member dies after
distribution of his interest has begun, the remaining portion of such interest
will continue to be distributed at least as rapidly as under the method of
distribution being used prior to the Member's death. In addition, to the extent
any payments from the Member's Account would be made after the Member's death,
such payments shall be made in accordance with Section 401(a)(9) of the Code and
the IRS Regulations thereunder (including the minimum distribution incidental
benefit requirements).

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<PAGE>

                                  ARTICLE VIII
                                  LOAN PROGRAM

Section 8.1 General Provisions

An Employer may, at its option, make available the loan program described herein
for any Member (and, if applicable under Section 8.8 of this Article, any
Beneficiary), subject to applicable law. The Employer shall so designate its
adoption of the loan program and the terms and provisions of its operation in
the Adoption Agreement. There shall be a reasonable origination fee and/or an
annual administration fee assessed to the Member's Account for each loan made to
a Member or Beneficiary. In the event that the Employer has elected to provide
an annuity option under Article VII or amounts are transferred to the Plan from
a retirement plan subject to Section 401(a)(11) of the Code, no loans may be
made from a married Member's Account without the written consent of such
Member's Spouse (in accordance with the spousal consent rules set forth under
Section 7.3). In the event the Employer elects to permit loans to be made from
rollover contributions and earnings thereon, as designated in the Adoption
Agreement, loans shall be available from the Accounts of any Employees of the
Employer who have not yet become Members. Only one loan may be made to a Member
in the Plan Year, except that if an Employer provides in the Adoption Agreement
to make loans available from Employee rollover contributions and the earnings
thereon, a Member will be permitted to request a second loan in the Plan Year to
the extent of Employee rollover contributions and earnings thereon subject to
any other limitations provided under this Article.

The Employer may elect, in the Adoption Agreement, to make the loan program
available only in the event of hardship or financial necessity. Hardship or
financial necessity is defined as a significant health expense or a loss of
income due to illness or disability incurred by a Member, or the death of a
Member or an immediate family member of a Member. Hardship or financial
necessary also includes the purchase of a Member's principal place of residence
as well as paying for a college education (including graduate studies) for
either a Member or a Member's dependents.

Section 8.2 Loan Application

Subject to the restrictions described in the paragraph immediately following, a
Member in Employment may borrow from his Account in each of the available

                                       55

<PAGE>

Investment Funds by filing a loan application with the TPA. Such application
(hereinafter referred to as a

                                       56

<PAGE>

"completed application") shall (i) specify the terms pursuant to which the loan
is requested to be made and (ii) provide such information and documentation as
the TPA shall require, including a note, duly executed by the Member, granting a
security interest of an amount not greater than 50% of his vested Account, to
secure the loan. With respect to such Member, the completed application shall
authorize the repayment of the loan through payroll deductions. Such loan will
become effective upon the Valuation Date coinciding with or next following the
date on which his completed application and other required documents were
submitted, subject to the same conditions with respect to the amount to be
transferred under this Section which are specified in the Plan procedures for
determining the amount of payments made under Article VII of the Plan.

The Employer shall establish standards in accordance with the Code and ERISA
which shall be uniformly applicable to all Members eligible to borrow from their
interests in the Trust Fund similarly situated and shall govern the TPA's
approval or disapproval of completed applications. The terms for each loan shall
be set solely in accordance with such standards.

The TPA shall, in accordance with the established standards, review and approve
or disapprove a completed application as soon as practicable after its receipt
thereof, and shall promptly notify the applying Member of such approval or
disapproval. Notwithstanding the foregoing, the TPA may defer its review of a
completed application, or defer payment of the proceeds of an approved loan, if
the proceeds of the loan would otherwise be paid during the period commencing on
December 1 and ending on the following January 31.

Subject to the preceding paragraph and Section 8.6, upon approval of a completed
application, the TPA shall cause payment of the loan to be made from the
available Investment Fund(s) in the same proportion that the designated portion
of the Member's Account is invested at the time of the loan, and the relevant
portion of the Member's interest in such Investment Fund(s) shall be cancelled
and shall be transferred in cash to the Member. The TPA shall maintain
sufficient records regarding such amounts to permit an accurate crediting of
repayments of the loan.

Notwithstanding any provision of this Article VIII to the contrary, if an
Employer has elected in the Adoption Agreement to condition loans based upon a
Member's demonstrated hardship or financial necessity, the Plan Administrator,
in a uniform and nondiscriminatory manner, shall determine

                                       57

<PAGE>

whether a Member has incurred a hardship or financial necessity following the
Member filing a loan application with the TPA.

                                       58

<PAGE>

Section 8.3 Permitted Loan Amount

The amount of each loan may not be less than $1,000 nor more than the maximum
amount as described below. The maximum amount available for loan under the Plan
(when added to the outstanding balance of all other loans from the Plan to the
borrowing Member) shall not exceed the lesser of: (a) $50,000 reduced by the
excess (if any) of (i) the highest outstanding loan balance attributable to the
Account of the Member requesting the loan from the Plan during the one-year
period ending on the day preceding the date of the loan, over (ii) the
outstanding balance of all other loans from the Plan to the Member on the date
of the loan, or (b) 50% of the value of the Member's vested portion of his
Account as of the Valuation Date on or next following the date on which the TPA
receives the completed application for the loan and all other required
documents. In determining the maximum amount that a Member may borrow, all
vested assets of his Account will be taken into consideration, provided that,
where the Employer has not elected to make a Member's entire Account available
for loans, in no event shall the amount of the loan exceed the value of such
vested portion of the Member's Account from which loans are permissible.

Section 8.4 Source of Funds for Loan

The amount of the loan will be deducted from the Member's Account in the
available Investment Funds in accordance with Section 8.2 of this Article and
the Plan procedures for determining the amount of payments made under Article
VII. Loans shall be deemed to come (to the extent the Employer permits Members
to take loans from one or more of the portions of their Accounts, as designated
in the Adoption Agreement):

o     First from the vested Employer profit sharing contributions plus earnings
      thereon.

o     Next from the Employer qualified nonelective contributions plus earnings
      thereon.

o     Next from the Member's 401(k) deferrals plus earnings thereon.

o     Next from the Member's safe harbor CODA contributions plus earnings
      thereon.

o     Next from the vested Employer basic contributions plus earnings thereon.

o     Next from the vested Employer supplemental contributions plus earnings
      thereon.

o     Next from the vested Employer matching contributions plus earnings
      thereon.

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<PAGE>

o     Next from the Member's rollover contributions plus earnings thereon.

o     Next from the Member's after-tax contributions made after December 31,1986
      plus earnings on all of the Member's after-tax contributions.

o     Next from the Member's after-tax contributions made prior to January
      1,1987.

Section 8.5 Conditions of Loan

Each loan to a Member under the Plan shall be repaid in level monthly amounts
through regular payroll deductions after the effective date of the loan, and
continuing thereafter with each payroll. Except as otherwise required by the
Code and the IRS Regulations, each loan shall have a repayment period of not
less than 12 months and not in excess of 60 months, unless the purpose of the
loan is for the purchase of a primary residence, in which case the loan may be
for not more than 180 months. After the first 3 monthly payments of the loan
have been satisfied, the Member may pay the outstanding loan balance (including
accrued interest from the due date).

The rate of interest for the term of the loan will be established as of the loan
date, and will be the Barron's Prime Rate (base rate) plus 1% as published on
the last Saturday of the preceding month, or such other rate as may be required
by applicable law and determined by reference to the prevailing interest rate
charged by commercial lenders under similar circumstances. The applicable rate
would then be in effect through the last business day of the month.

Repayment of all loans under the Plan shall be secured by 50% of the Member's
vested interest in his Account, determined as of the origination of such loan.

Section 8.6 Crediting of Repayment

Upon lending any amount to a Member, the TPA shall establish and maintain a loan
receivable account with respect to, and for the term of, the loan. The
allocations described in this Section shall be made from the loan receivable
account. Upon receipt of each monthly installment payment and the crediting
thereof to the Member's loan receivable account, there shall be allocated to the
Member's Account in the available Investment Funds, in accordance with his most
recent investment instructions, the principal portion of the installment payment
plus that portion of the interest equal to the rate determined in Section 8.5 of
this Article. The unpaid balance owed by a Member on a loan under the Plan shall
not reduce the amount

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<PAGE>

credited to his Account. However, from the time of payment of the proceeds of
the loan to the Member, such Account shall be deemed invested, to the extent of
such unpaid balance, in such loan until the complete repayment thereof or
distribution from such Account. Any loan repayment shall first be deemed
allocable to the portions of the Member's Account on the basis of a reverse
ordering of the manner in which the loan was originally distributed to the
Member.

Section 8.7 Cessation of Payments on Loan

If a Member, while employed, fails to make a monthly installment payment when
due, as specified in the completed application, subject to applicable law, he
will be deemed to have received a distribution of the outstanding balance of the
loan. If such default occurs after the first 3 monthly payments of the loan have
been satisfied, the Member may pay the outstanding balance, including accrued
interest from the due date, by the last day of the calendar quarter following
the calendar quarter which contains the due date of the last monthly installment
payment, in which case no such distribution will be deemed to have occurred.
Subject to applicable law, notwithstanding the foregoing, a Member that borrows
any of his 401(k) deferrals and any of the earnings attributable thereto may not
cease to make monthly installment payments while employed and receiving a Salary
from the Employer.

Except as provided below, upon a Member's termination of Employment, death or
Disability, or the Employer's termination of the Plan, no further monthly
installment payments may be made. Unless the outstanding balance, including
accrued interest from the due date, is paid by the last day of the calendar
quarter following the calendar quarter which contains the date of such
occurrence, the Member will be deemed to have received a distribution of the
outstanding balance of the loan including accrued interest from the due date.

Section 8.8 Loans to Former Members

Notwithstanding any other provisions of this Article VIII, a member who
terminates Employment for any reason shall be permitted to continue making
scheduled repayments with respect to any loan balance outstanding at the time he
becomes a terminated Member. In addition, a terminated Member or Beneficiary may
elect to initiate a new loan from his Account, subject to the conditions
otherwise described in this Article VIII. If any terminated Member who continues
to make repayments or any terminated Member or Beneficiary who borrows from his
Account pursuant to

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<PAGE>

this Section 8.8 fails to make a scheduled monthly installment payment by the
last day of the calendar quarter following the calendar quarter which contains
the scheduled payment date, he will be deemed to have received a distribution of
the outstanding balance of the loan.

                                   ARTICLE IX
            ADMINISTRATION OF PLAN AND ALLOCATION OF RESPONSIBILITIES

Section 9.1 Fiduciaries

The following persons are Fiduciaries under the Plan.

a)    The Trustee,

b)    The Employer,

c)    The Plan Administrator or committee, appointed by the Employer pursuant to
      this Article IX of the Plan and designated as the "Named Fiduciary" of the
      Plan and the Plan Administrator, and

d)    Any Investment Manager appointed by the Employer as provided in Section
      9.4.

Each of said Fiduciaries shall be bonded to the extent required by ERISA.

The TPA is not intended to have the authority or responsibilities which would
cause it to be considered a Fiduciary with respect to the Plan unless the TPA
otherwise agrees to accept such authority or responsibilities in a service
agreement or otherwise in writing.

Section 9.2 Allocation of Responsibilities Among the Fiduciaries

a)    The Trustee

      The Employer shall enter into one or more Trust Agreements with a Trustee
      or Trustees selected by the Employer. The Trust established under any such
      agreement shall be a part of the Plan and shall provide that all funds
      received by the Trustee as contributions under the Plan and the income
      therefrom (other than such part as is necessary to pay the expenses and
      charges referred to in Paragraph (b) of this Section) shall be held in the
      Trust Fund for the exclusive benefit of the Members or their
      Beneficiaries, and managed, invested and reinvested and distributed by the
      Trustee in accordance with the Plan. Sums

                                       62

<PAGE>

      received for investment may be invested (i) wholly or partly through the
      medium of any common, collective or commingled trust fund maintained by a
      bank or other financial institution and which is qualified under Sections
      401(a) and 501(a) of the Code and constitutes a part of the Plan; (ii)
      wholly or partly through the medium of a group annuity or other type of
      contract issued by an insurance company and constituting a part of the
      Plan, and utilizing, under any such contract, general, commingled or
      individual investment accounts; or (iii) wholly or partly in securities
      issued by an investment company registered under the Investment Company
      Act of 1940. Subject to the provisions of Article XI, the Employer may
      from time to time and without the consent of any Member or Beneficiary (a)
      amend the Trust Agreement or any such insurance contract in such manner as
      the Employer may deem necessary or desirable to carry out the Plan, (b)
      remove the Trustee and designate a successor Trustee upon such removal or
      upon the resignation of the Trustee, and (c) provide for an alternate
      funding agency under the Plan. The Trustee shall make payments under the
      Plan only to the extent, in the amounts, in the manner, at the time, and
      to the persons as shall from time to time be set forth and designated in
      written authorizations from the Plan Administrator or TPA.

      The Trustee shall from time to time charge against and pay out of the
      Trust Fund taxes of any and all kinds whatsoever which are levied or
      assessed upon or become payable in respect of such Fund, the income or any
      property forming a part thereof, or any security transaction pertaining
      thereto. To the extent not paid by the Employer, the Trustee shall also
      charge against and pay out of the Trust Fund other expenses incurred by
      the Trustee in the performance of its duties under the Trust, the expenses
      incurred by the TPA in the performance of its duties under the Plan
      (including reasonable compensation for agents and cost of services
      rendered in respect of the Plan), such compensation of the Trustee as may
      be agreed upon from time to time between the Employer and the Trustee, and
      all other proper charges and disbursements of the Trustee, the Employer,
      or the Plan Administrator.

b)    The Employer

      The Employer shall be responsible for all functions assigned or reserved
      to it under the Plan and any related Trust Agreement. Any authority so
      assigned or reserved to the Employer, other than responsibilities assigned
      to the Plan Administrator, shall be exercised by resolution of the
      Employer's Board of Directors and shall become effective with respect to
      the Trustee upon written

                                       63

<PAGE>

      notice to the Trustee signed by the duly authorized officer of the Board
      advising the Trustee of such exercise. By way of illustration and not by
      limitation, the Employer shall have authority and responsibility:

      (1)   to amend the Plan;

      (2)   to merge and consolidate the Plan with all or part of the assets or
            liabilities of any other plan;

      (3)   to appoint, remove and replace the Trustee and the Plan
            Administrator and to monitor their performances;

      (4)   to appoint, remove and replace one or more Investment Managers, or
            to refrain from such appointments, and to monitor their
            performances;

      (5)   to communicate such information to the Plan Administrator, TPA,
            Trustee and Investment Managers as they may need for the proper
            performance of their duties; and

      (6)   to perform such additional duties as are imposed by law.

      Whenever, under the terms of this Plan, the Employer is permitted or
      required to do or perform any act, it shall be done and performed by an
      officer thereunto duly authorized by its Board of Directors.

c)    The Plan Administrator

      The Plan Administrator shall have responsibility and discretionary
      authority to control the operation and administration of the Plan in
      accordance with the provisions of Article IX of the Plan, including,
      without limiting, the generality of the foregoing:

      (1)   the determination of eligibility for benefits and the amount and
            certification thereof to the Trustee;

      (2)   the hiring of persons to provide necessary services to the Plan;

      (3)   the issuance of directions to the Trustee to pay any fees, taxes,
            charges or other costs incidental to the operation and management of
            the Plan;

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      (4)   the preparation and filing of all reports required to be filed with
            respect to the Plan with any governmental agency; and

      (5)   the compliance with all disclosure requirements imposed by state or
            federal law.

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<PAGE>

d)    The Investment Manager

      Any Investment Manager appointed pursuant to Section 9.4 shall have sole
      responsibility for the investment of the portion of the assets of the
      Trust Fund to be managed and controlled by such Investment Manager. An
      Investment Manager may place orders for the purchase and sale of
      securities directly with brokers and dealers.

Section 9.3 No Joint Fiduciary Responsibilities

This Article IX is intended to allocate to each Fiduciary the individual
responsibility for the prudent execution of the functions assigned to him, and
none of such responsibilities or any other responsibilities shall be shared by
two or more of such Fiduciaries unless such sharing is provided by a specific
provision of the Plan or any related Trust Agreement. Whenever one Fiduciary is
required to follow the directions of another Fiduciary, the two Fiduciaries
shall not be deemed to have been assigned a shared responsibility, but the
responsibility of the Fiduciary giving the directions shall be deemed his sole
responsibility, and the responsibility of the Fiduciary receiving those
directions shall be to follow them insofar as such instructions are on their
face proper under applicable law. To the extent that fiduciary responsibilities
are allocated to an Investment Manager, such responsibilities are so allocated
solely to such Investment Manager alone, to be exercised by such Investment
Manager alone and not in conjunction with any other Fiduciary, and the Trustee
shall be under no obligation to manage any asset of the Trust Fund which is
subject to the management of such Investment Manager.

Section 9.4 Investment Manager

The Employer may appoint a qualified Investment Manager or Managers to manage
any portion or all of the assets of the Trust Fund. For the purpose of this Plan
and the related Trust, a "qualified Investment Manager" means an individual,
firm or corporation who has been so appointed by the Employer to serve as
Investment Manager hereunder, and who is and has acknowledged in writing that he
is (a) a Fiduciary with respect to the Plan, (b) bonded as required by ERISA,
and (c) either (i) registered as an investment advisor under the Investment
Advisors Act of 1940, (ii) a bank as defined in said Act, or (iii) an insurance
company qualified to perform investment management services under the laws of
more than one state of the United States.

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<PAGE>

Any such appointment shall be by a vote of the Board of Directors of the
Employer naming the Investment Manager so appointed and designating the portion
of the assets of the Trust Fund to be managed and controlled by such Investment
Manager. Said vote shall be evidenced by a certificate in writing signed by the
duly authorized officer of the Board and shall become effective on the date
specified in such certificate but not before delivery to the Trustee of a copy
of such certificate, together with a written acknowledgment by such Investment
Manager of the facts specified in the second sentence of this Section.

Section 9.5 Advisor to Fiduciary

A Fiduciary may employ one or more persons to render advice concerning any
responsibility such Fiduciary has under the Plan and related Trust Agreement.

Section 9.6 Service in Multiple Capacities

Any person or group of persons may serve in more than one fiduciary capacity
with respect to the Plan, specifically including service both as Plan
Administrator and as a Trustee of the Trust; provided, however, that no person
may serve in a fiduciary capacity who is precluded from so serving pursuant to
Section 411 of ERISA.

Section 9.7 Appointment of Plan Administrator

The Employer shall designate the Plan Administrator in the Adoption Agreement.
The Plan Administrator may be an individual, a committee of two or more
individuals, whether or not, in either such case, the individual or any of such
individuals are Employees of the Employer, a consulting firm or other
independent agent, the Trustee (with its consent), the Board of the Employer, or
the Employer itself. Except as the Employer shall otherwise expressly determine,
the Plan Administrator shall be charged with the full power and responsibility
for administering the Plan in all its details. If no Plan Administrator has been
appointed by the Employer, or if the person designated as Plan Administrator is
not serving as such for any reason, the Employer shall be deemed to be the Plan
Administrator. The Plan Administrator may be removed by the Employer or may
resign by giving written notice to the Employer, and, in the event of the
removal, resignation, death or other termination of service of the Plan
Administrator, the Employer shall, as soon as is practicable, appoint a
successor Plan Administrator, such successor thereafter to have all of the
rights, privileges, duties and obligations of the predecessor Plan
Administrator.

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Section 9.8 Powers of the Plan Administrator

The Plan Administrator is hereby vested with all powers and authority necessary
in order

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<PAGE>

to carry out its duties and responsibilities in connection with the
administration of the Plan as herein provided, and is authorized to make such
rules and regulations as it may deem necessary to carry out the provisions of
the Plan and the Trust Agreement. The Plan Administrator may from time to time
appoint agents to perform such functions involved in the administration of the
Plan as it may deem advisable. The Plan Administrator shall have the
discretionary authority to determine any questions arising in the
administration, interpretation and application of the Plan, including any
questions submitted by the Trustee on a matter necessary for it to properly
discharge its duties; and the decision of the Plan Administrator shall be
conclusive and binding on all persons.

Section 9.9 Duties of the Plan Administrator

The Plan Administrator shall keep on file a copy of the Plan and the Trust
Agreement(s), including any subsequent amendments, and all annual reports of the
Trustee(s), and such annual reports or registration statements as may be
required by the laws of the United States, or other jurisdiction, for
examination by Members in the Plan during reasonable business hours. Upon
request by any Member, the Plan Administrator shall furnish him with a statement
of his interest in the Plan as determined by the Plan Administrator as of the
close of the preceding Plan Year.

Section 9.10 Action by the Plan Administrator

In the event that there shall at any time be two or more persons who constitute
the Plan Administrator, such persons shall act by concurrence of a majority
thereof.

Section 9.11 Discretionary Action

Wherever, under the provisions of this Plan, the Plan Administrator is given any
discretionary power or powers, such power or powers shall not be exercised in
such manner as to cause any discrimination prohibited by the Code in favor of or
against any Member, Employee or class of Employees. Any discretionary action
taken by the Plan Administrator hereunder shall be consistent with any prior
discretionary action taken by it under similar circumstances and to this end the
Plan Administrator shall keep a record of all discretionary action taken by it
under any provision hereof.

Section 9.12 Compensation and Expenses of Plan Administrator

Employees of the Employer shall serve without compensation for services as Plan

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<PAGE>

Administrator, but all expenses of the Plan Administrator shall be paid by the
Employer or in accordance with Section 9.2. Such expenses shall include any
expenses incidental to the functioning of the Plan, including, but not limited
to, attorney's fees, accounting and clerical charges, and other costs of
administering the Plan. Non-Employee Plan Administrators shall receive such
compensation as the Employer shall determine.

Section 9.13 Reliance on Others

The Plan Administrator and the Employer shall be entitled to rely upon all
valuations, certificates and reports furnished by the Trustee(s), upon all
certificates and reports made by an accountant or actuary selected by the Plan
Administrator and approved by the Employer and upon all opinions given by any
legal counsel selected by the Plan Administrator and approved by the Employer,
and the Plan Administrator and the Employer shall be fully protected in respect
of any action taken or suffered by them in good faith in reliance upon such
Trustee(s), accountant, actuary or counsel and all action so taken or suffered
shall be conclusive upon each of them and upon all Members, retired Members, and
Former Members and their Beneficiaries, and all other persons.

Section 9.14 Self Interest

No person who is the Plan Administrator shall have any right to decide upon any
matter relating solely to himself or to any of his rights or benefits under the
Plan. Any such decision shall be made by another Plan Administrator or the
Employer.

Section 9.15 Personal Liability - Indemnification

The Plan Administrator shall not be personally liable by virtue of any
instrument executed by him or on his behalf. Neither the Plan Administrator, the
Employer, nor any of its officers or directors shall be personally liable for
any action or inaction with respect to any duty or responsibility imposed upon
such person by the terms of the Plan unless such action or inaction is
judicially determined to be a breach of that person's fiduciary responsibility
with respect to the Plan under any applicable law. The limitation contained in
the preceding sentence shall not, however, prevent or preclude a compromise
settlement of any controversy involving the Plan, the Plan Administrator, the
Employer, or any of its officers and directors. The Employer may advance money
in connection with questions of liability prior to any final

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<PAGE>

determination of a question of liability. Any settlement made under this Article
IX shall not be determinative of any breach of fiduciary duty hereunder.

The Employer will indemnify every person who is or was a Plan Administrator,
officer or member of the Board or a person who provides services without
compensation to the Plan for any liability (including reasonable costs of
defense and settlement) arising by reason of any act or omission affecting the
Plan or affecting the Member or Beneficiaries thereof, including, without
limitation, any damages, civil penalty or excise tax imposed pursuant to ERISA;
provided (1) that the act or omission shall have occurred in the course of the
person's service as Plan Administrator, officer of the Employer or member of the
Board or was within the scope of the Employment of any Employee of the Employer
or in connection with a service provided without compensation to the Plan, (2)
that the act or omission be in good faith as determined by the Employer, whose
determination, made in good faith and not arbitrarily or capriciously, shall be
conclusive, and (3) that the Employer's obligation hereunder shall be offset to
the extent of any otherwise applicable insurance coverage, under a policy
maintained by the Employer, or any other person, or other source of
indemnification.

Section 9.16 Insurance

The Plan Administrator shall have the right to purchase such insurance as it
deems necessary to protect the Plan and the Trustee from loss due to any breach
of fiduciary responsibility by any person. Any premiums due on such insurance
may be paid from Plan assets provided that, if such premiums are so paid, such
policy of insurance must permit recourse by the insurer against the person who
breaches his fiduciary responsibility. Nothing in this Article IX shall prevent
the Plan Administrator or the Employer, at its, or his, own expense, from
providing insurance to any person to cover potential liability of that person as
a result of a breach of fiduciary responsibility, nor shall any provisions of
the Plan preclude the Employer from purchasing from any insurance company the
right of recourse under any policy by such insurance company.

Section 9.17 Claims Procedures

Claims for benefits under the Plan shall be filed with the Plan Administrator on
forms supplied by the Employer. Written notice of the disposition of a claim
shall be furnished to the claimant within 90 days after the application thereof
is filed unless special circumstances require an extension of time for
processing the claim. If such

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<PAGE>

an extension of time is required, written notice of the extension shall be
furnished to the claimant prior to the termination of said 90-day period, and
such notice shall indicate the special circumstances which make the postponement
appropriate.

Section 9.18 Claims Review Procedures

In the event a claim is denied, the reasons for the denial shall be specifically
set forth in the notice described in this Section 9.18 in language calculated to
be understood by the claimant. Pertinent provisions of the Plan shall be cited,
and, where appropriate, an explanation as to how the claimant can request
further consideration and review of the claim will be provided. In addition, the
claimant shall be furnished with an explanation of the Plan's claims review
procedures. Any Employee, former Employee, or Beneficiary of either, who has
been denied a benefit by a decision of the Plan Administrator pursuant to
Section 9.17 shall be entitled to request the Plan Administrator to give further
consideration to his claim by filing with the Plan Administrator (on a form
which may be obtained from the Plan Administrator) a request for a hearing. Such
request, together with a written statement of the reasons why the claimant
believes his claim should be allowed, shall be filed with the Plan Administrator
no later than 60 days after receipt of the written notification provided for in
Section 9.17. The Plan Administrator shall then conduct a hearing within the
next 60 days, at which the claimant may be represented by an attorney or any
other representative of his choosing and at which the claimant shall have an
opportunity to submit written and oral evidence and arguments in support of his
claim. At the hearing (or prior thereto upon 5 business days' written notice to
the Plan Administrator), the claimant or his representative shall have an
opportunity to review all documents in the possession of the Plan Administrator
which are pertinent to the claim at issue and its disallowance. A final
disposition of the claim shall be made by the Plan Administrator within 60 days
of receipt of the appeal unless there has been an extension of 60 days and shall
be communicated in writing to the claimant. Such communication shall be written
in a manner calculated to be understood by the claimant and shall include
specific reasons for the disposition and specific references to the pertinent
Plan provisions on which the disposition is based. For all purposes under the
Plan, such decision on claims (where no review is requested) and decision on
review (where review is requested) shall be final, binding and conclusive on all
interested persons as to participation and benefits eligibility, the amount of
benefits and as to any other matter of fact or interpretation relating to the
Plan.

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                                    ARTICLE X
                            MISCELLANEOUS PROVISIONS

Section 10.1 General Limitations

(A)   In order that the Plan be maintained as a qualified plan and trust under
      the Code, contributions in respect of a Member shall be subject to the
      limitations set forth in this Section, notwithstanding any other provision
      of the Plan. The contributions in respect of a Member to which this
      Section is applicable are his own contributions and/or deferrals and the
      Employer's contributions.

      For purposes of this Section 10.1, a Member's contributions shall be
      determined without regard to any rollover contributions as provided in
      Section 402(a)(5) of the Code.

(B)   Annual additions to a Member's Account in respect of any Plan Year may not
      exceed the limitations set forth in Section 415 of the Code, which are
      incorporated herein by reference. For these purposes, annual additions"
      shall have the meaning set forth in Section 415(c)(2) of the Code, as
      modified elsewhere in the Code and the Regulations, and the limitation
      year shall mean the Plan Year unless any other twelve-consecutive-month
      period is designated pursuant to a resolution adopted by the Employer and
      designated in the Adoption Agreement.

(C)   In the event that, due to forfeitures, reasonable error in estimating a
      Member's compensation, or other limited facts and circumstances, total
      contributions and/or deferrals to a Member's Account are found to exceed
      the limitations of this Section, the TPA, at the direction of the Plan
      Administrator, shall cause contributions (to the extent attributable to
      Member after-tax contributions or 401(k) deferrals) made under Article III
      in excess of such limitations to be refunded to the affected Member, with
      earnings thereon, and shall take appropriate steps to reduce, if
      necessary, the Employer contributions made with respect to those returned
      contributions. Such refunds shall not be deemed to be withdrawals, loans,
      or distributions from the Plan. If a Member's annual contributions exceed
      the limitations contained in Paragraph (B) of this Section after the
      Member's Article III contributions, with earnings thereon, if any, have
      been refunded to such Member, any Employer supplemental and/or profit
      sharing contribution to be allocated to such Member in respect of any

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<PAGE>

      Contribution Determination Period (including allocations as provided in
      this Paragraph) shall instead

                                       74

<PAGE>

      be allocated to or for the benefit of all other Members who are Employees
      in Employment as of the last day of the Contribution Determination Period
      as determined under the Adoption Agreement and allocated in the same
      proportion that each such Member's Salary for such Contribution
      Determination Period bears to the total Salary for such Contribution
      Determination Period of all such Members or, the TPA may, at the election
      of the Employer, utilize such excess to reduce the contributions which
      would otherwise be made for the succeeding Contribution Determination
      Period by the Employer with respect to all eligible Members in such
      succeeding period. If, with respect to any Contribution Determination
      Period, there is an excess profit sharing contribution, and such excess
      cannot be fully allocated in accordance with the preceding sentence
      because of the limitations prescribed in Paragraph (B) of this Section,
      the amount of such excess which cannot be so allocated shall be allocated
      to the Employer Credit Account and made available to the Employer pursuant
      to the terms of Article VI and applicable law. The TPA, at the direction
      of the Plan Administrator, in accordance with Paragraph (D) of this
      Section, shall take whatever additional action may be necessary to assure
      that contributions to Members' Accounts meet the requirements of this
      Section.

(D)   In addition to the steps set forth in Paragraph (C) of this Section, the
      Employer may from time to time adjust or modify the maximum limitations
      applicable to contributions made in respect of a Member under this Section
      10.1 as may be required or permitted by the Code or ERISA prior to or
      following the date that allocation of any such contributions commences and
      shall take appropriate action to reallocate the annual contributions which
      would otherwise have been made but for the application of this Section.

(E)   Membership in the Plan shall not give any Employee the right to be
      retained in the Employment of the Employer and shall not affect the right
      of the Employer to discharge any Employee.

(F)   Each Member, Spouse and Beneficiary assumes all risk in connection with
      any decrease in the market value of the assets of the Trust Fund. Neither
      the Employer nor the Trustee guarantees that upon withdrawal, the value of
      a Member's Account will be equal to or greater than the amount of the
      Member's own deferrals or contributions, or those credited on his behalf
      in which the Member has a vested interest, under the Plan.

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<PAGE>

(G)   The establishment, maintenance or crediting of a Member's Account pursuant
      to the Plan shall not vest in such Member any right, title or interest in
      the Trust Fund except at the times and upon the terms and conditions and
      to the extent expressly set forth in the Plan and the Trust Agreement.

(H)   The Trust Fund shall be the sole source of payments under the Plan and the
      Employer, Plan Administrator and TPA assume no liability or responsibility
      for such payments, and each Member, Spouse or Beneficiary who shall claim
      the right to any payment under the Plan shall be entitled to look only to
      the Trust Fund for such payment.

Section 10.2 Top Heavy Provisions

The Plan will be considered a Top Heavy Plan for any Plan Year if it is
determined to be a Top Heavy Plan as of the last day of the preceding Plan Year.
The provisions of this Section 10.2 shall apply and supersede all other
provisions in the Plan during each Plan Year with respect to which the Plan is
determined to be a Top Heavy Plan.

(A)   For purposes of this Section 10.2, the following terms shall have the
      meanings set forth below:

      (1)   "Affiliate" shall mean any entity affiliated with the Employer
            within the meaning of Section 414(b), 414(c) or 414(m) of the Code,
            or pursuant to the IRS Regulations under Section 414(o) of the Code,
            except that for purposes of applying the provisions hereof with
            respect to the limitation on contributions, Section 415(h) of the
            Code shall apply.

      (2)   "Aggregation Group" shall mean the group composed of each qualified
            retirement plan of the Employer or an Affiliate in which a Key
            Employee is a member and each other qualified retirement plan of the
            Employer or an Affiliate which enables a plan of the Employer or an
            Affiliate in which a Key Employee is a member to satisfy Sections
            401(a)(4) or 410 of the Code. In addition, the TPA, at the direction
            of the Plan Administrator, may choose to treat any other qualified
            retirement plan as a member of the Aggregation Group if such
            Aggregation Group will continue to satisfy Sections 401(a)(4) and
            410 of the Code with such plan being taken into account.

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<PAGE>

      (3)   "Key Employee" shall mean a "Key Employee" as defined in Sections
            416(i)(1) and (5) of the Code and the IRS Regulations thereunder.
            For purposes of Section 416 of the Code and for purposes of
            determining who is a Key Employee, an Employer which is not a
            corporation may have "officers" only for Plan Years beginning after
            December 31, 1985. For purposes of determining who is a Key Employee
            pursuant to this Subparagraph (3), compensation shall have the
            meaning prescribed in Section 414(s) of the Code, or to the extent
            required by the Code or the IRS Regulations, Section 1.415-2(d) of
            the IRS Regulations.

      (4)   "Non-Key Employee" shall mean a "Non-Key Employee" as defined in
            Section 416(i)(2) of the Code and the IRS Regulations thereunder.

      (5)   "Top Heavy Plan" shall mean a "Top Heavy Plan" as defined in Section
            416(g) of the Code and the IRS Regulations thereunder.

(B)   Subject to the provisions of Paragraph (D) below, for each Plan Year that
      the Plan is a Top Heavy Plan, the Employer's contribution (including
      contributions attributable to salary reduction or similar arrangements)
      allocable to each Employee (or to all eligible employees other than Key
      Employees at the election of the Employer) who has satisfied the
      eligibility requirement(s) of Article II, Section 2, and who is in service
      at the end of the Plan Year, shall not be less than the lesser of (i) 3%
      of such eligible Employee's compensation (as defined in Section 414(s) of
      the Code or to the extent required by the Code or the IRS Regulations,
      Section 1.415-2(d) of the Regulations), or (ii) the percentage at which
      Employer contributions for such Plan Year are made and allocated on behalf
      of the Key Employee for whom such percentage is the highest. For the
      purpose of determining the appropriate percentage under clause (ii), all
      defined contribution plans required to be included in an Aggregation Group
      shall be treated as one plan. Clause (ii) shall not apply if the Plan is
      required to be included in an Aggregation Group which enables a defined
      benefit plan also required to be included in said Aggregation Group to
      satisfy Sections 401(a)(4) or 410 of the Code.

(C)   If the Plan is a Top Heavy Plan for any Plan Year and (i) the Employer has
      elected a vesting schedule under Article VI for an employer contribution
      type which does not satisfy the minimum Top Heavy vesting requirements or
      (ii) if the Employer has not elected a vesting schedule for an employer
      contribution type, the vested interest of

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<PAGE>

      each Member, who is credited with at least one Hour of Employment on or
      after the Plan becomes a Top Heavy Plan, for each employer contribution
      type in his Account described in clause (i) or (ii) above, shall not be
      less than the percentage determined in accordance with the following
      schedule:

                        Completed Years of          Vested
                             Employment           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%

      Notwithstanding the schedule provided above, if the Plan is a Top Heavy
      Plan for any Plan Year and if an Employer has elected a cliff vesting
      schedule for an employer contribution type described in clause (i) or (ii)
      above, the vested interest of each Member, who is credited with at least
      one Hour of Employment on or after the Plan becomes a Top Heavy Plan, for
      such employer contribution type in his Account, shall not be less than the
      percentage determined in accordance with the following schedule:

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

      In the event that an Employer elects, in its Adoption Agreement, to use
      the hour of service method for determining vesting service, Year of
      Service shall be substituted for Year of Employment for determining
      vesting under this Article X.

(D)   The TPA shall, to the maximum extent permitted by the Code and in
      accordance with the IRS Regulations, apply the provisions of this Section
      10.2 by taking into account the benefits payable and the contributions
      made under any other qualified plan maintained by the Employer, to prevent
      inappropriate omissions or required duplication of minimum contributions.

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<PAGE>

Section 10.3 Information and Communications

Each Employer, Member, Spouse and Beneficiary shall be required to furnish the
TPA with such information and data as may be considered necessary by the TPA.
All notices, instructions and other communications with respect to the Plan
shall be in such form as is prescribed from time to time by the TPA, shall be
mailed by first class mail or delivered personally, and shall be deemed to have
been duly given and delivered only upon actual receipt thereof by the TPA. All
information and data submitted by an Employer or a Member, including a Member's
birth date, marital status, salary and circumstances of his Employment and
termination thereof, may be accepted and relied upon by the TPA. All
communications from the Employer or the Trustee to a Member, Spouse or
Beneficiary shall be deemed to have been duly given if mailed by first class
mail to the address of such person as last shown on the records of the Plan.

Section 10.4 Small Account Balances

Notwithstanding the foregoing provisions of the Plan, and except as provided in
Section 7.3, if the value of all portions of a Member's Account under the Plan,
when aggregated, is equal to or exceeds $500, then the Account will not be
distributed without the consent of the Member prior to age 65 (at the earliest),
but if the aggregate value of all portions of his Account is less than $500,
then his Account will be distributed as soon as practicable following the
termination of Employment by the Member.

Section 10.5 Amounts Payable to Incompetents, Minors or Estates

If the Plan Administrator shall find that any person to whom any amount is
payable under the Plan is unable to care for his affairs because of illness or
accident, or is a minor, or has died, then any payment due him or his estate
(unless a prior claim therefor has been made by a duly appointed legal
representative) may be paid to his Spouse, relative or any other person deemed
by the Plan Administrator to be a proper recipient on behalf of such person
otherwise entitled to payment. Any such payment shall be a complete discharge of
the liability of the Trust Fund therefor.

Section 10.6 Non-Alienation of Amounts Payable

Except insofar as may otherwise be required by applicable law, or Article VIII,
or pursuant to the terms of a Qualified Domestic Relations Order, no amount
payable

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<PAGE>

under the Plan shall be subject in any manner to alienation by anticipation,
sale, transfer, assignment,

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<PAGE>

bankruptcy, pledge, attachment, charge or encumbrance of any kind, and any
attempt to so alienate shall be void; nor shall the Trust Fund in any manner be
liable for or subject to the debts or liabilities of any person entitled to any
such amount payable; and further, if for any reason any amount payable under the
Plan would not devolve upon such person entitled thereto, then the Employer, in
its discretion, may terminate his interest and hold or apply such amount for the
benefit of such person or his dependents as it may deem proper. For the purposes
of the Plan, a "Qualified Domestic Relations Order" means any judgment, decree
or order (including approval of a property settlement agreement) which has been
determined by the Plan Administrator, in accordance with procedures established
under the Plan, to constitute a Qualified Domestic Relations Order within the
meaning of Section 414(p)(1) of the Code. No amounts may be withdrawn under
Article VII, and no loans granted under Article VIII, if the TPA has received a
document which may be determined following its receipt to be a Qualified
Domestic Relations Order prior to completion of review of such order by the Plan
Administrator within the time period prescribed for such review by the IRS
Regulations.

Section 10.7 Unclaimed Amounts Payable

If the TPA cannot ascertain the whereabouts of any person to whom an amount is
payable under the Plan, and if, after 5 years from the date such payment is due,
a notice of such payment due is mailed to the address of such person, as last
shown on the records of the Plan, and within 3 months after such mailing such
person has not filed with the TPA or Plan Administrator written claim therefor,
the Plan Administrator may direct in accordance with ERISA that the payment
(including the amount allocable to the Member's contributions) be cancelled, and
used in abatement of the Plan's administrative expenses, provided that
appropriate provision is made for re-crediting the payment if such person
subsequently makes a claim therefor.

Section 10.8 Leaves of Absence

(A)   If the Employer's personnel policies allow leaves of absence for all
      similarly situated Employees on a uniformly available basis under the
      circumstances described in Paragraphs (B)(1)-(4) below, then contribution
      allocations and vesting service will continue to the extent provided in
      Paragraphs (B)(1)-(4).

(B)   For purposes of the Plan, there are four types of approved Leaves of
      Absence:

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<PAGE>

      (1)   Nonmilitary leave granted to a Member for a period not in excess of
            one year during which service is recognized for vesting purposes and
            the Member is entitled to share in any supplemental contributions
            under Article III or forfeitures under Article VI, if any, on a
            pro-rata basis, determined by the Salary earned during the Plan Year
            or Contribution Determination Period; or

      (2)   Nonmilitary leave or layoff granted to a Member for a period not in
            excess of one year during which service is recognized for vesting
            purposes, but the Member is not entitled to share in any
            contributions or forfeitures as defined under (1) above, if any,
            during the period of the leave; or

      (3)   To the extent not otherwise required by applicable law, military or
            other governmental service leave granted to a Member from which he
            returns directly to the service of the Employer. Under this leave, a
            Member may not share in any contributions or forfeitures as defined
            under (1) above, if any, during the period of the leave, but vesting
            service will continue to accrue; or

      (4)   To the extent not otherwise required by applicable law, a military
            leave granted at the option of the Employer to a Member who is
            subject to military service pursuant to an involuntary call-up in
            the Reserves of the U.S. Armed Services from which he returns to the
            service of the Employer within 90 days of his discharge from such
            military service. Under this leave, a Member is entitled to share in
            any contributions or forfeitures as defined under (1) above, if any,
            and vesting service will continue to accrue. Notwithstanding any
            provision of the Plan to the contrary, if a Member has one or more
            loans outstanding at the time of this leave, repayments on such
            loan(s) may be suspended, if the Member so elects, until such time
            as the Member returns to the service of the Employer or the end of
            the leave, if earlier.

(C)   Notwithstanding any provision of this Plan to the contrary, effective
      December 12, 1994, contribution allocations and vesting service with
      respect to qualified military service will be provided in accordance with
      Section 414(u) of the Code. Loan repayments will be suspended under this
      Plan as permitted under Section 414(u)(4) of the Code during such period
      of qualified military service.

                                       82

<PAGE>

Section 10.9 Return of Contributions to Employer

(A)   In the case of a contribution that is made by an Employer by reason of a
      mistake of fact, the Employer may request the return to it of such
      contribution within one year after the payment of the contribution,
      provided such refund is made within one year after the payment of the
      contribution.

(B)   In the case of a contribution made by an Employer or a contribution
      otherwise deemed to be an Employer contribution under the Code, such
      contribution shall be conditioned upon the deductibility of the
      contribution by the Employer under Section 404 of the Code. To the extent
      the deduction for such contribution is disallowed, in accordance with IRS
      Regulations, the Employer may request the return to it of such
      contribution within one year after the disallowance of the deduction.

(C)   In the event that the IRS determines that the Plan is not initially
      qualified under the Code, any contribution made incident to that initial
      qualification by the Employer must be returned to the Employer within one
      year after the date the initial qualification is denied, 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.

The contributions returned under (A), (B) or (C) above may not include any gains
on such excess contributions, but must be reduced by any losses.

Section 10.10 Controlling Law

The Plan and all rights thereunder shall be governed by and construed in
accordance with ERISA and the laws of the State of New York, without regard to
the principles of the conflicts of laws thereof.

                                       83

<PAGE>

                                   ARTICLE XI
                             AMENDMENT & TERMINATION

Section 11.1 General

While the Plan is intended to be permanent, the Plan may be amended or
terminated completely by the Employer at any time at the discretion of its Board
of Directors. Except where necessary to qualify the Plan or to maintain
qualification of the Plan, no amendment shall reduce any interest of a Member
existing prior to such amendment. Subject to the terms of the Adoption
Agreement, written notice of such amendment or termination as resolved by the
Board shall be given to the Trustee, the Plan Administrator and the TPA. Such
notice shall set forth the effective date of the amendment or termination or
cessation of contributions.

Section 11.2 Termination of Plan and Trust

This Plan and any related Trust Agreement shall in any event terminate whenever
all property held by the Trustee shall have been distributed in accordance with
the terms hereof.

Section 11.3 Liquidation of Trust Assets in the Event of Termination

In the event that the Employer's Board of Directors shall decide to terminate
the Plan, or, in the event of complete cessation of Employer contributions, the
rights of Members to the amounts standing to their credit in their Accounts
shall be deemed fully vested and the Plan Administrator shall direct the Trustee
to either continue the Trust in full force and effect and continue so much of
the Plan in full force and effect as is necessary to carry out the orderly
distribution of benefits to Members and their Beneficiaries upon retirement,
Disability, death or termination of Employment; or (a) reduce to cash such part
or all of the Plan assets as the Plan Administrator may deem appropriate; (b)
pay the liabilities, if any, of the Plan; (c) value the remaining assets of the
Plan as of the date of notification of termination and proportionately adjust
Members' Account balances; (d) distribute such assets in cash to the credit of
their respective Accounts as of the notification of the termination date; and
(e) distribute all balances which have been segregated into a separate fund to
the persons entitled thereto; provided that no person in the event of
termination shall be required to accept distribution in any form other than
cash.

                                       84

<PAGE>

Section 11.4 Partial Termination

The Employer may terminate the Plan in part without causing a complete
termination of the Plan. In the event a partial termination occurs, the Plan
Administrator shall determine the portion of the Plan assets attributable to the
Members affected by such partial termination and the provisions of Section 11.3
shall apply with respect to such portion as if it were a separate fund.

Section 11.5 Power to Amend

(A)   Subject to Section 11.6, the Employer, through its Board of Directors,
      shall have the power to amend the Plan in any manner which it deems
      desirable, including, but not by way of limitation, the right to change or
      modify the method of allocation of contributions, to change any provision
      relating to the distribution of payment, or both, of any of the assets of
      the Trust Fund. Further, the Employer may (i) change the choice of options
      in the Adoption Agreement; (ii) add overriding language in the Adoption
      Agreement when such language is necessary to satisfy Section 415 or
      Section 416 of the Code because of the required aggregation of multiple
      plans; and (iii) add certain model amendments published by the IRS which
      specifically provide that their adoption will not cause the Plan to be
      treated as individually designed. An Employer that amends the Plan for any
      other reason, will be considered to have an individually designed plan.

      Any amendment shall become effective upon the vote of the Board of
      Directors of the Employer, unless such vote of the Board of Directors of
      the Employer specifies the effective date of the amendment.

      Such effective date of the amendment may be made retroactive to the vote
      of the Board of Directors, to the extent permitted by law.

(B)   The Employer expressly recognizes the authority of the Sponsor, Pentegra
      Services, Inc., to amend the Plan from time to time, except with respect
      to elections of the Employer in the Adoption Agreement, and the Employer
      shall be deemed to have consented to any such amendment. The Employer
      shall receive a written instrument indicating the amendment of the Plan
      and such amendment shall become effective as of the date of such
      instrument. No such amendment shall in any way impair, reduce or affect
      any Member's vested and nonforfeitable rights in the Plan and Trust.

                                       85

<PAGE>

Section 11.6 Solely for Benefit of Members, Terminated Members and their
Beneficiaries

No changes may be made in the Plan which shall vest in the Employer, directly or
indirectly, any interest, ownership or control in any of the present or future
assets of the Trust Fund.

No part of the funds of the Trust other than such part as may be required to pay
taxes, administration expenses and fees, shall be reduced by any amendment or be
otherwise used for or diverted to purposes other than the exclusive benefit of
Members, retired Members, Former Members, and their Beneficiaries, except as
otherwise provided in Section 10.9 and under applicable law.

No amendment shall become effective which reduces the nonforfeitable percentage
of benefit that would be payable to any Member if his Employment were to
terminate and no amendment which modifies the method of determining that
percentage shall be made effective with respect to any Member with at least
three Years of Service unless such member is permitted to elect, within a
reasonable period after the adoption of such amendment, to have that percentage
determined without regard to such amendment.

Section 11.7 Successor to Business of the Employer

Unless this Plan and the related Trust Agreement be sooner terminated, a
successor to the business of the Employer by whatever form or manner resulting
may continue the Plan and the related Trust Agreement by executing appropriate
supplementary agreements and such successor shall thereupon succeed to all the
rights, powers and duties of the Employer hereunder. The Employment of any
Employee who has continued in the employ of such successor shall not be deemed
to have terminated or severed for any purpose hereunder if such supplemental
agreement so provides.

Section 11.8 Merger, Consolidation and Transfer

The Plan shall not be merged or consolidated, in whole or in part, with any
other plan, nor shall any assets or liabilities of the Plan be transferred to
any other plan unless the benefit that would be payable to any affected Member
under such plan if it terminated immediately after the merger, consolidation or
transfer, is equal to or greater than the benefit that would be payable to the
affected Member under this Plan if it terminated immediately before the merger,
consolidation or transfer.

                                       86

<PAGE>

Section 11.9 Revocability

This Plan is based upon the condition precedent that it shall be approved by the
Internal Revenue Service as qualified under Section 401(a) of the Code and
exempt from taxation under Section 501(a) of the Code. Accordingly,
notwithstanding anything herein to the contrary, if a final ruling shall be
received in writing from the IRS that the Plan does not initially qualify under
the terms of Sections 401(a) and 501(a) of the Code, there shall be no vesting
in any Member of assets contributed by the Employer and held by the Trustee
under the Plan. Upon receipt of notification from the IRS that the Plan fails to
qualify as aforesaid, the Employer reserves the right, at its option, to either
amend the Plan in such manner as may be necessary or advisable so that the Plan
may so qualify, or to withdraw and terminate the Plan.

Upon the event of withdrawal and termination, the Employer shall notify the
Trustee and provide the Trustee with a copy of such ruling and the Trustee shall
transfer, and in accordance with applicable law, pay over to the Employer (or,
as applicable and to the extent attributable to Member after-tax contributions,
401(k) deferrals or rollover amounts, to the Members) all of the net assets
under the Plan which remain after deducting the proper expense of termination
and the Trust Agreement shall thereupon terminate. For purposes of this Article
XI, "final ruling" shall mean either (1) the initial letter ruling from the
District Director in response to the Employer's original application for such a
ruling, or (2) if such letter ruling is unfavorable and a written appeal is
taken or protest filed within 60 days of the date of such letter ruling, it
shall mean the ruling received in response to such appeal or protest.

If the Plan is terminated, the Plan Administrator shall promptly notify the IRS
and such other appropriate governmental authority as applicable law may require.
Neither the Employer nor its Employees shall make any further contributions
under the Plan after the termination date, except that the Employer shall remit
to the TPA a reasonable administrative fee to be determined by the TPA for each
Member with a balance in his Account to defray the cost of implementing its
termination. Where the Employer has terminated the Plan pursuant to this
Article, the Employer may elect to transfer assets from the Plan to a successor
plan qualified under Section 401(a) of the Code in which event the Employer
shall remit to the TPA an additional administrative fee to be determined by the
TPA to defray the cost of such transfer transaction.

                                       87

<PAGE>

                        TRUSTS ESTABLISHED UNDER THE PLAN

Assets of the Plan are held in trust under separate Trust Agreements with the
Trustee or Trustees. Any eligible Employee or Member may obtain a copy of these
Trust Agreements from the Plan Administrator.

IN WITNESS WHEREOF, and as conclusive evidence of the adoption of the Plan by
the Employer, the Employer has caused these presents to be executed on its
behalf and its corporate seal to be hereunder affixed as of the _________ day of
_______________________, 20_______.

ATTEST:

__________________________                      By _____________________________
         Clerk

                                                Name ___________________________

                                                Title __________________________

                                       88

<PAGE>

                                                Pentegra
                                                108 Corporate Park Drive
                                                White Plains, NY 10603-3805
                                                Tel: 800-872-3473
                                                Fax: 914-694-9384

<PAGE>

ADOPTION AGREEMENT
--------------------------------------------------------------------------------
                                For Enfield Federal Savings and Loan Association
                              Employees' Savings & Profit Sharing Plan and Trust
                                                                  Client No. A19

                                                                        Pentegra

<PAGE>

                               ADOPTION AGREEMENT
                                       FOR
                  ENFIELD FEDERAL SAVINGS AND LOAN ASSOCIATION
               EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Name of Employer: Enfield Federal Savings and Loan Association
                  --------------------------------------------------------------

Address: 660 Enfield Street/PO Box 1279, Enfield, CT 06083
         -----------------------------------------------------------------------

Telephone Number: 860-253-5200 FAX: 860-253-5205
                  --------------------------------------------------------------

Contact Person: David J. O'Connor, President
                ----------------------------------------------------------------

Name of Plan: Enfield Federal Savings and Loan Association Employees' Savings &
              Profit Sharing Plan and Trust
              ------------------------------------------------------------------

THIS ADOPTION AGREEMENT, upon execution by the Employer and the Trustee, and
subsequent approval by a duly authorized representative of Pentegra Services,
Inc. (the "Sponsor"), together with the Sponsor's Employees' Savings & Profit
Sharing Plan and Trust Agreement (the "Agreement"), shall constitute the Enfield
Federal Savings and Loan Association Employees' Savings & Profit Sharing Plan
and Trust (the "Plan"). The terms and provisions of the Agreement are hereby
incorporated herein by this reference; provided, however, that if there is any
conflict between the Adoption Agreement and the Agreement, this Adoption
Agreement shall control.

The elections hereinafter made by the Employer in this Adoption Agreement may be
changed by the Employer from time to time by written instrument executed by a
duly authorized representative thereof; but if any other provision hereof or any
provision of the Agreement is changed by the Employer other than to satisfy the
requirements of Section 415 or 416 of the Internal Revenue Code of 1986, as
amended (the "Code"), because of the required aggregation of multiple plans, or
if as a result of any change by the Employer the Plan fails to obtain or retain
its tax-qualified status under Section 401(a) of the Code, the Employer shall be
deemed to have amended the Plan evidenced hereby and by the Agreement into an
individually designed plan, in which event the Sponsor shall thereafter have no
further responsibility for the tax-qualified status of the Plan. However, the
Sponsor may amend any term, provision or definition of this Adoption Agreement
or the Agreement in such manner as the Sponsor may deem necessary or advisable
from time to time and the Employer and the Trustee, by execution hereof,
acknowledge and consent thereto. Notwithstanding the foregoing, no amendment of
this Adoption Agreement or of the Agreement shall increase the duties or
responsibilities of the Trustee without the written consent thereof.

                                       1

<PAGE>

I.    Effect of Execution of Adoption Agreement

      The Employer, upon execution of this Adoption Agreement by a duly
      authorized representative thereof, (choose 1 or 2):

      1.    |_|   Establishes as a new plan the Enfield Federal Savings and Loan
                  Association Employees' Savings & Profit Sharing Plan and
                  Trust, effective _____________________________, 200__ (the
                  "Effective Date").

      2.    |X|   Amends its existing defined contribution plan and trust The
                  Financial Institutions Thrift Plan as adopted by Enfield
                  Federal Savings and Loan Association dated August 1, 1999,
                  in its entirety into the Enfield Federal Savings and Loan
                  Association Employees' Savings & Profit Sharing Plan and
                  Trust, effective February 1, 2002, except as otherwise
                  provided herein or in the Agreement (the "Effective Date").

II.   Definitions

      A.    "Compliance Testing Method" means the prior year testing method
            unless the Employer elects to use current year testing for
            determining the actual deferral percentages and actual contribution
            percentages by checking this line ____.

            Note: Whichever testing method is selected (prior year testing or
            current year testing), it must apply to both the actual deferral
            percentage test and the actual contribution percentage test.

      B.    Employer

            1.    "Employer," for purposes of the Plan, shall mean: Enfield
                  Federal Savings and Loan Association

            2.    The Employer is (indicate whichever may apply):

                  (a) |_| A member of a controlled group of corporations under
                          Section 414(b) of the Code.

                  (b) |_| A member of a group of entities under common control
                          under Section 414(c) of the Code.

                  (c) |_| A member of an affiliated service group under Section
                          414(m) of the Code.

                  (d) |X| A corporation.

                  (e) |_| A sole proprietorship or partnership.

                  (f) |_| A Subchapter S corporation.

                  (g) |_| Other _______________________________________________.

            3.    Employer's Taxable Year Ends on 12/31.

                                       2

<PAGE>

            4.    Employer's Federal Taxpayer Identification Number is
                  06-0562205

            5.    The Plan Number for the Plan is (enter 3-digit number) 002.

      C.    "Entry Date" means the first day of the (choose 1 or 2):

            1.    |X|   Calendar month coinciding with or next following the
                        date the Employee satisfies the Eligibility requirements
                        described in Section III.

            2.    |_|   Calendar quarter (January 1, April 1, July 1, October 1)
                        coinciding with or next following the date the Employee
                        satisfies the Eligibility requirements described in
                        Section III.

      D.    "Limitation Year" means the twelve (12) consecutive month period
            ending on 12/31 (month/day). Note: If no 12 month period is
            selected, the Limitation Year shall be the Plan Year.

      E.    "Member" means an Employee enrolled in the membership of the Plan.

      F.    "Normal Retirement Age" means (choose 1 or 2):

            1.    |X|   Attainment of age 65 (select an age not less than 55 and
                        not greater than 65).

            2.    |_|   Later of: (i) attainment of age 65 or (ii) the fifth
                        anniversary of the date the Member commenced
                        participation in the Plan.

      G.    "Normal Retirement Date" means the first day of the first calendar
            month coincident with or next following the date upon which a Member
            attains his or her Normal Retirement Age.

      H.    "Plan Year" means the twelve (12) consecutive month period ending on
            12/31 (month/day).

      I.    "Salary" for benefit purposes under the Plan means (choose 1, 2 or
            3):

            1.    |_|   Total taxable compensation as reported on Form W-2
                        (exclusive of any compensation deferred from a prior
                        year).

            2.    |X|   Basic Salary only.

            3.    |_|   Basic Salary plus one or more of the following (if 3 is
                        chosen, then choose (a) or (b), and/or (c) or (d),
                        whichever shall apply):

                        (a)   |_| Commissions not in excess of $ _____________

                        (b)   |_| Commissions to the extent that Basic Salary
                                  plus Commissions do not exceed $ _____________

                                       3

<PAGE>

                        (c)   |_| Overtime

                        (d)   |_| Overtime and bonuses

            Note: Member pre-tax contributions to a Section 401(k) plan are
            always included in Plan Salary.

III.  Salary Adjustment

      A.    Cafeteria Plan (Section 125) Salary Adjustment. Member pre-tax
            contributions to a Code Section 125 cafeteria plan are to be
            included in Plan Salary, unless the Employer elects to exclude such
            amounts by checking this line ___.

      B.    Transportation Fringe Benefit (Section 132(f)) Adjustment.

            Member pre-tax contributions for qualified transportation fringe
            benefits under Code Section 132(f) are to be included in Plan
            Salary, unless the Employer elects to exclude such amounts by
            checking this line ____.

IV.   Highly Compensated Employee Elections

      A.    Top Paid Group Election:

            In determining who is a Highly Compensated Employee, the Employer
            makes the Top Paid Group election by checking this line ____. The
            effect of this election is that an Employee (who is not a 5% owner
            at any time during the determination year or the look-back year)
            with compensation in excess of $80,000 (as adjusted) for the
            look-back year is a Highly Compensated Employee only if the Employee
            was in the top-paid group (i.e., the top 20% of Employees ranked on
            the basis of compensation paid by the Employer) for the look-back
            year.

      B.    Calendar Year Data Election:

            For determining which Employees are Highly Compensated Employees,
            the look-back year will be the 12 month period immediately preceding
            the determination year, except that, for non-calendar year plans,
            the look-back year will be the calendar year ending within the Plan
            Year by checking this line ____.

V.    Eligibility Requirements

      A.    All Employees shall be eligible to participate in the Plan in
            accordance with the provisions of Article II of the Plan, except the
            following Employees shall be excluded (choose whichever shall
            apply):

            1.    |_|   Employees who have not attained age (Insert an age from
                        18 to 21).

                                       4

<PAGE>

            2.    |X|   Employees who have not completed 6 (1-11, 12 or 24)
                        consecutive months of service.

                  Note: Employers which permit Members to make pre-tax elective
                  deferrals to the Plan (see VII.A.3.) may not elect a 24 month
                  eligibility period.

            3.    |_|   Employees included in a unit of Employees covered by a
                        collective bargaining agreement, if retirement benefits
                        were the subject of good faith bargaining between the
                        Employer and Employee representatives.

            4.    |_|   Employees who are nonresident aliens and who receive no
                        earned income from the Employer which constitutes income
                        from sources within the United States.

            5.    |_|   Employees included in the following job classifications:

                        (a)   |_| Hourly Employees

                        (b)   |_| Salaried Employees

                        (c)   |_| Flex staff employees (i.e., any Employee who
                                  is not a regular full-time or part-time
                                  Employee).

                        (d)   |_| Short-term Employees (i.e.; employees who are
                                  hired under a written agreement which
                                  precludes membership in the Plan and provides
                                  for a specific period of employment not in
                                  excess of one year).

            6.    |_|   Employees of the following employers which are
                        aggregated under Section 414(b), 414(c) or 414(m) of the
                        Code:

                        ________________________________________________________

                        ________________________________________________________

                        ________________________________________________________

      Note: If no entries are made above, all Employees shall be eligible to
            participate in the Plan on the later of: (i) the Effective Date or
            (ii) the first day of the calendar month or calendar quarter (as
            designated by the Employer in Section II.C.) coinciding with or
            immediately following the Employee's Date of Employment or, as
            applicable, Date of Reemployment.

      B.    Such eligibility computation period established in Section V(A)
            above shall be applicable to (choose 1 or 2):

            1.    |X|   Both present and future Employees.

            2.    |_|   Future Employees only.

                                       5

<PAGE>

      C.    Such Eligibility requirements established above shall be (choose 1
            or 2):

            1.    |X|   Applied to the designated Employee group on and after
                        the Effective Date of the Plan.

            2.    |_|   Waived for the ___ consecutive month period (may not
                        exceed 12) beginning on the Effective Date of the Plan.

      D.    Service Crediting Method for Eligibility (Choose 1, 2 or 3):

            1.    |_|   Not applicable. There is no service required for
                        eligibility.

            2.    |_|   Hour of service method (Choose a or b):

                        (a)   |_| The actual number of Hours of Employment.

                        (b)   |_| 190 Hours of Employment for each month in
                                  which the Employee completes at least one hour
                                  of Employment.

            3.    |X|   Elapsed time method.

      E.    Requirements to Commence Allocation of Employer Contributions.

            1.    Employer Contributions shall be allocated to Members Accounts
                  in accordance with Article III of the Plan, except that the
                  following Members will not be entitled to Employer
                  contributions (choose (a) or (b) and/or (c)):

                        (a)   |X| No additional requirements apply. (The
                                  eligibility requirements under Section V above
                                  apply to Employer Contributions); or

                        (b)   |_| Members who have not attained age ___ (Insert
                                  an age from 18-21); and/or

                        (c)   |_| Member's who have not completed ___ (1-12)
                                  consecutive months of service.

            2.    The requirement to commence allocation of Employer
                  Contributions established in this Section E shall apply to all
                  Employer Contributions provided under Section 3.4 of the Plan
                  except:

                  (a)   |_| Matching contributions

                  (b)   |_| Basic contributions

                  (c)   |_| Safe harbor CODA contributions

                  (d)   |_| Supplemental contributions

                  (e)   |_| Qualified non-elective contributions

                  (f)   |_| Profit sharing contributions

                  Note: If an Employer contribution type is selected in 2 above,
                  Members will receive Employer contributions based upon the
                  eligibility requirements under Section V above and the
                  provisions of the Plan document for such Employer contribution
                  type.

                                       6

<PAGE>

VI.   Prior Employment Credit

      A.    Prior Employment Credit:

            |_|    Employment with the following entity or entities shall be
                  included for eligibility and vesting purposes:

            ______________________________________________________

            ______________________________________________________

            Note: If this Plan is a continuation of a Predecessor Plan, service
                  under the Predecessor Plan shall be counted under this Plan.

VII.  Contributions

      Note: Annual Member pre-tax elective deferrals, Employer matching
            contributions, Employer safe harbor CODA contributions, Employer
            basic contributions, Employer supplemental contributions, Employer
            profit sharing contributions and Employer qualified non-elective
            contributions, in the aggregate, may not exceed 15% of all Members'
            Salary (excluding from Salary Member pre-tax elective deferrals).

      A.    Employee Contributions (fill in 1 and/or 6 if applicable; choose 2
            or 3; 4 or 5):

            1.    |X|   The maximum amount of monthly contributions a Member may
                        make to the Plan (both pre-tax deferrals and after-tax
                        contributions) is 50% (1-20) of the Member's monthly
                        Salary.

            2.    |X|   (Choose a and/or b):

                        (a)   |X| A Member may make pre-tax elective deferrals
                                  to the Plan, based on multiples of 1% of
                                  monthly Salary, or

                        (b)   |_| A Member may make pre-tax elective deferrals
                                  to the Plan based on a specified dollar
                                  amount.

            3.    |_|   A Member may not make pre-tax elective deferrals to the
                        Plan.

            4.    |_|   A Member may make after-tax contributions to the Plan,
                        based on multiples of 1% of monthly Salary.

            5.    |X|   A Member may not make after-tax contributions to the
                        Plan.

            6.    |X|   An Employee may allocate a rollover contribution to the
                        Plan prior to satisfying the Eligibility requirements
                        described above.

      B.    A Member may change his or her contribution rate with respect to, if
            made available, pre-tax deferrals and after-tax contributions
            (choose 1, 2 or 3):

            1.    |_|   1 time per pay period.

            2.    |X|   1 time per calendar month.

                                       7

<PAGE>

            3.    |_|   1 time per calendar quarter.

      C.    Employer Matching Contributions (fill in 1 or 5 as applicable; and
            if you select 1, then choose 2, 3 or 4):

            1.    The Employer matching contributions under 2, 3 or 4 below
                  shall be based on the Member's contributions (both pre-tax
                  deferrals and after-tax contributions) not in excess of 6 %
                  (1-20 but not in excess of the percentage specified in A.1.
                  above) of the Member's Salary.

            2.    |X|   The Employer shall allocate to each contributing
                        Member's Account an amount equal to 50% (not to exceed
                        200%) of the Member's contributions (both pre-tax
                        deferrals and after-tax contributions) for that month
                        (as otherwise limited in accordance with C.1. above).

            3.    |_|   The Employer shall allocate to each contributing
                        Member's Account an amount based on the Member's
                        contributions (as otherwise limited in accordance with
                        C.1. above) and determined in accordance with the
                        following schedule:

                           Years of Employment                    Matching %
                           -------------------                    ----------
                             Less than 3                              50%
                             At least 3, but less than 5              75%
                             5 or more                               100%

            4.    |_|   The Employer shall allocate to each contributing
                        Member's Account an amount based on the Member's
                        contributions (as otherwise limited in accordance with
                        C.1. above) and determined in accordance with the
                        following schedule:

                           Years of Employment                    Matching %
                           -------------------                    ----------
                             Less than 3                             100%
                             At least 3, but less than 5             150%
                             5 or more                               200%

            5.    |_|   No Employer matching contributions will be made to the
                        Plan.

      D.    Safe Harbor CODA Contributions (Actual Deferral Percentage Test Safe
            Harbor Contributions) (Complete 1 or 2 below, if applicable):

            1.    |_|   The Employer shall make a safe harbor Basic Matching
                        Contribution to the Plan on behalf of each Member.

            2.    |_|   In lieu of safe harbor Basic Matching Contributions, the
                        Employer will make the following contributions for the
                        Plan Year (complete (a) and/or (b)):

                        (a)   |_| Enhanced Matching Contributions:

                                       8

<PAGE>

                        The Employer shall make Matching Contributions to the
                        Account of each Member in an amount equal to the sum of:

                              (i)  the Member's 401(k) Deferrals that do not
                                   exceed _____ percent of the Member's Salary
                                   plus

                              (ii) ___ Percent of the Member's 401(k) Deferrals
                                       that exceed ___ percent of the Member's
                                       Salary and that do not exceed ___ percent
                                       of the Member's Salary.

                        Note: In the blank in (i) and the second blank in (ii),
                              insert a number that is 3 or greater but not
                              greater than 6. The first and last blanks in (ii)
                              must be completed so that at any rate of 401(k)
                              Deferrals, the Matching Contribution is at least
                              equal to the Matching Contribution receivable if
                              the Employer were making Basic Matching
                              Contributions, but the rate of match cannot
                              increase as deferrals increase. For example, if
                              "4" is inserted in the blank in (i), (ii) need not
                              be completed.

                        (b)   |_| Safe Harbor Nonelective Contributions:

            The Employer will make a Safe Harbor Nonelective Contribution to the
            Account of each Member in an amount equal to 3 percent of the
            Member's Salary for the Plan Year, unless the Employer inserts a
            greater percentage here ___.

      E.    Employer Basic Contributions (choose 1 or 2):

            1.    |_|   The Employer shall allocate an amount equal to ____ %
                        (based on 1% increments not to exceed 15%) of Member's
                        Salary for the month to (choose (a) or (b)):

                        (a)   |_| The Accounts of all Members

                        (b)   |_| The Accounts of all Members who were employed
                              with the Employer on the last day of such month.

            2.    |X|   No Employer basic contributions will be made to the
                        Plan.

      F.    Employer Supplemental Contributions:

            The Employer may make supplemental contributions for any Plan Year
            in accordance with Section 3.7 of the Plan.

      G.    Employer Profit Sharing Contributions (Choose 1, 2, 3, 4, or 5):

            1.    |X|   No Employer Profit Sharing Contributions will be made to
                        the Plan.

                                       9

<PAGE>

            Non-Integrated Formula

            2.    |_|   Profit sharing contributions shall be allocated to each
                        Member's Account in the same ratio as each eligible
                        Member's Salary during such Contribution Determination
                        Period bears to the total of such Salary of all eligible
                        Members.

            3.    |_|   Profit sharing contributions shall be allocated to each
                        eligible Member's Account in the same ratio as each
                        eligible Member's Salary for the portion of the
                        Contribution Determination Period during which the
                        Member satisfied the Employer's eligibility
                        requirement(s) bears to the total of such Salary of all
                        eligible Members.

            Integrated Formula

            4.    |_|   Profit sharing contributions shall be allocated to each
                        eligible Member's Account in a uniform percentage
                        (specified by the Employer as ___ %) of each Member's
                        Salary during the Contribution Determination Period
                        ("Base Contribution Percentage") for the Plan Year that
                        includes such Contribution Determination Period , plus a
                        uniform percentage (specified by the Employer as ___ %,
                        but not in excess of the lesser of (i) the Base
                        Contribution Percentage and (ii) the greater of (1) 5.7%
                        or (2) the percentage equal to the portion of the Code
                        Section 3111(a) tax imposed on employers under the
                        Federal Insurance Contributions Act (as in effect as of
                        the beginning of the Plan Year) which is attributable to
                        old-age insurance) of each Member's Salary for the
                        Contribution Determination Period in excess of the
                        Social Security Taxable Wage Base ("Excess Salary") for
                        the Plan Year that includes such Contribution
                        Determination Period, in accordance with Article III of
                        the Plan.

            5.    |_|   Profit sharing contributions shall be allocated to each
                        eligible Member's Account in a uniform percentage
                        (specified by the Employer as ____ %) of each Member's
                        Salary for the portion of the Contribution Determination
                        Period during which the Member satisfied the Employer's
                        eligibility requirement(s), if any, plus a uniform
                        percentage (specified by the Employer as ___ %, but not
                        in excess of the lesser of (i) the Base Contribution
                        Percentage and (ii) the greater of (1) 5.7% or (2) the
                        percentage equal to the portion of the Code Section
                        3111(a) tax imposed on employers under the Federal
                        Insurance Contributions Act (as in effect as of the
                        beginning of the Plan Year) which is attributable to
                        old-age insurance) of each Member's Excess Salary for
                        the portion of the Contribution Determination Period
                        during which the Member satisfied the Employer's
                        eligibility requirement(s) in accordance with Article
                        III of the Plan.

      H.    Allocation of Employer Profit Sharing Contributions:

            In accordance with Section VII, G above, a Member shall be eligible
            to share in Employer Profit Sharing Contributions, if any, as
            follows (choose 1 or 2):

            1.    |_|   A Member shall be eligible for an allocation of Employer
                        Profit Sharing Contributions for a Contribution
                        Determination Period if he or she is eligible to
                        participate in the Plan for the Contribution
                        Determination Period to which the Profit Sharing
                        Contributions relate.

            2.    |_|   A Member shall be eligible for an allocation of Employer
                        Profit Sharing Contributions for a Contribution
                        Determination Period only if he or she (choose (a), (b)
                        or (c) whichever shall apply):

                        (a)   |_| is employed on the last day of the
                                  Contribution Determination Period, or

                                       10

<PAGE>

                                  retired, died or became totally and
                                  permanently disabled prior to the last day of
                                  the Contribution Determination Period.

                        (b)   |_| completed 1,000 Hours of Employment if the
                                  Contribution Determination Period is a period
                                  of 12 months (250 Hours of Employment if the
                                  Contribution Determination Period is a period
                                  of 3 months), or retired, died or became
                                  totally and permanently disabled prior to the
                                  last day of the Contribution Determination
                                  Period.

                        (c)   |_|  is employed on the last day of the
                                   Contribution Determination Period and, if
                                   such period is 12 months, completed 1,000
                                   Hours of Employment (250 Hours of Employment
                                   if the Contribution Determination Period is a
                                   period of 3 months), or retired, died or
                                   became totally and permanently disabled prior
                                   to the last day of the Contribution
                                   Determination Period.

      I.    "Contribution Determination Period" for purposes of determining and
            allocating Employer profit sharing contributions means (choose 1,2,
            3 or 4):

            1.    |_|   The Plan Year.

            2.    |_|   The Employer's Fiscal Year (defined as the Plan's
                        "limitation year") being the twelve (12) consecutive
                        month period commencing ____________________ (month/day)
                        and ending __________________________ (month/day).

            3.    |_|   The three (3) consecutive month periods that comprise
                        each of the Plan Year quarters.

            4.    |_|   The three (3) consecutive month periods that comprise
                        each of the Employer's Fiscal Year quarters. (Employer's
                        Fiscal Year is the twelve (12) consecutive month period
                        commencing ___________(month/day) and ending ___________
                        (month/day).)

      J.    Employer Qualified Nonelective Contributions:

            The Employer may make qualified nonelective contributions for any
            Plan Year in accordance with Section 3.9 of the Plan.

      K.    Top Heavy Contributions:

            If the Plan is determined to be Top Heavy and if Top Heavy
            Contributions will be made to the Plan, Top Heavy Contributions will
            be allocated to: (choose 1 or 2 below):

                                       11

<PAGE>

            1.    |X|   Only Members who are Non-Key Employees.

            2.    |_|   All Members.

VIII. Investments

      The Employer hereby appoints Barclays Global Investors, N.A. to serve as
      Investment Manager under the Plan. The Employer hereby selects the
      following Investments to be made available under the Plan (choose
      whichever shall apply) and consents to the lending of securities by such
      funds to brokers and other borrowers. The Employer agrees and acknowledges
      that the selection of Investments made in this Section VIII is solely its
      responsibility, and no other person, including the Sponsor or Investment
      Manager, has any discretionary authority or control with respect to such
      selection process. The Employer hereby holds the Investment Manager
      harmless from, and indemnifies it against, any liability Investment
      Manager may incur with respect to such Investments so long as Investment
      Manager is not negligent and has not breached its fiduciary duties.

      1.    |X| Money Market Fund

      2.    |X| Stable Value Fund

      3.    |X| Government Bond Fund

      4.    |X| S&P 500 Stock Fund

      5.    |X| S&P 500/Value Stock Fund

      6.    |X| S&P 500/Growth Stock Fund

      7.    |X| S&P MidCap Stock Fund

      8.    |X| Russell 2000 Stock Fund

      9.    |X| International Stock Fund

      10.   |X| Asset Allocation Funds (3)

            |X| Income Plus

            |X| Growth & Income

            |X| Growth

      11.   |_| Name of Employer Stock Fund (the "Employer Stock Fund")

      12.   |_| Name of Employer Certificate of Deposit Fund

      13.   |_| NASDAQ 100 Index Fund

      14.   |_| Self-directed Brokerage Account

IX.   Employer Securities

      A.    If the Employer makes available an Employer Stock Fund pursuant to
            Section VIII of this Adoption Agreement, then voting and tender
            offer rights with respect to Employer Stock shall be delegated and
            exercised as follows (choose 1 or 2):

            1.    |_|   Each Member shall be entitled to direct the Plan
                        Administrator as to the voting and tender or exchange
                        offer rights involving Employer Stock held in such
                        Member's Account, and the Plan Administrator shall
                        follow or cause

                                       12

<PAGE>

                        the Trustee to follow such directions. If a Member fails
                        to provide the Plan Administrator with directions as to
                        voting or tender or exchange offer rights, the Plan
                        Administrator shall exercise those rights as it
                        determines in its discretion and shall direct the
                        Trustee accordingly.

            2.    |_|   The Plan Administrator shall direct the Trustee as to
                        the voting of all Employer Stock and as to all rights in
                        the event of a tender or exchange offer involving such
                        Employer Stock.

X.    Investment Direction

      A.    Members shall be entitled to designate what percentage of employee
            contributions and employer contributions made on their behalf will
            be invested in the various Investment funds offered by the Employer
            as specified in Section VIII of this Adoption Agreement except:1.The
            following portions of a Member's Account will be invested at the
            employer's direction (choose whichever shall apply):

                  a) |_|    Employer Profit Sharing Contributions

                            Shall be invested in:

                            |_|   Employer Stock Fund.

                            |_|   Employer Certificate of Deposit Fund.

                            |_|   Any Investment Fund or Funds offered by the
                                  Employer.

                  (b) |X|   Employer Matching Contributions

                            Shall be Invested in:

                            |_|   Employer Stock Fund.

                            |_|   Employer Certificate of Deposit Fund.

                            |X|   Any Investment Fund or Funds offered by the
                                  Employer.

                  (c) |_|   Employer Basic Contribution

                            Shall be invested in:

                            |_|   Employer Stock Fund

                            |_|   Employer Certificate of Deposit Fund

                            |_|   Any Investment Fund or Funds offered by the
                                  Employer

                  (d) |_|   Employer Supplemental Contributions

                            Shall be invested in:

                            |_|   Employer Stock Fund

                            |_|   Employer Certificate of Deposit Fund

                            |_|   Any Investment Fund or Funds offered by the
                                  Employer

                  (e) |_|   Employer Qualified Nonelective Contributions

                            Shall be invested in:

                                       13

<PAGE>

                            |_|   Employer Stock Fund

                            |_|   Employer Certificate of Deposit Fund

                            |_|   Any Investment Fund or Funds offered by the
                                  Employer

                  (f) |_|   Employer Safe Harbor CODA Contributions under
                            Section 3.14 of the Plan

                            Shall be invested in:

                            |_|   Employer Stock Fund

                            |_|   Employer Certificate of Deposit Fund

                            |_|   Any Investment Fund or Funds offered by the
                                  Employer

            2.    |_|   Amounts invested at the Employer's direction may not be
                        transferred by the Member to any other Investment Fund.

            3.    |_|   Notwithstanding this election in 2, a Member may
                        transfer such amounts to any other Investment Fund upon
                        (choose whichever may apply):

                        (a)   |_| the attainment of age ___ (insert 45 or
                                  greater)

                        (b)   |_| the completion of ___ (insert 10 or greater)
                                  Years of Employment

                        (c)   |_| the attainment of age plus Years of Employment
                                  equal to ___ (insert 55 or greater)

      B.    A Member may change his or her investment direction (choose 1,2, or
            3):

            1.    |X|   1 time per business day.

            2.    |_|   1 time per calendar month.

            3.    |_|   1 time per calendar quarter.

      C.    If a Member or Beneficiary (or the Employer, if applicable) fails to
            make an effective investment direction, the Member's contributions
            and Employer contributions made on the Member's behalf shall be
            invested in Money Market Fund (insert one of the Investment Funds
            selected in Section VIII of this Adoption Agreement).

XI.   Vesting Schedules

      A.    (Choose 1, 2, 3, 4, 5, 6 or 7)

                    Schedule           Years of Employment            Vested %
                    --------           -------------------            ---------

            1. |X| Immediate             Upon Enrollment                 100%

            2. |_| 2-6 Year Graded       Less than 2                       0%
                                         2 but less than 3                20%
                                         3 but less than 4                40%
                                         4 but less than 5                60%

                                       14

<PAGE>

                                         5 but less than 6                80%
                                         6 or more                       100%

            3. |_| 5-Year Cliff          Less than 5                       0%
                                         5 or more                       100%

            4. |_| 3-Year Cliff          Less than 3                       0%
                                         3 or more                       100%

            5. |_| 4-Year Graded         Less than 1                       0%
                                         1 but less than                 225%
                                         2 but less than                 350%
                                         3 but less than                 475%
                                         4 or more                       100%

            6. |_| 3-7 Year Graded       Less than 3                       0%
                                         3 but less than                 420%
                                         4 but less than                 540%
                                         5 but less than                 660%
                                         6 but less than                 780%
                                         7 or more                       100%

            7. |_| Other                 Less than _____                   0%
                                         _____ but less than _____      ____%

                                         _____ but less than _____      ____%

                                         _____ but less than _____      ____%

                                         _____ but less than _____      ____%

                                         _____ or more 100%

      B.    With respect to the schedules listed above, the Employer elects
            (choose 1, 2, 3, 4 and/or 5):

            1.    Schedule 1 solely with respect to Employer matching
                  contributions.

            2.    Schedule ____ solely with respect to Employer basic
                  contributions.

            3.    Schedule ____ solely with respect to Employer supplemental
                  contributions.

            4.    Schedule ____ solely with respect to Employer profit sharing
                  contributions.

            5.    Schedule ____ with respect to all Employer contributions.

            NOTE: Notwithstanding any election by the Employer to the contrary,
            each Member shall acquire a 100% vested interest in his Account
            attributable to all Employer contributions made to the Plan upon the
            earlier of (i) attainment of Normal Retirement Age, (ii) approval
            for disability or (iii) death. In addition, a Member shall at all
            times have a 100% vested interest in the Employer Qualified
            Non-Elective Contributions, if any; Safe Harbor CODA contributions,
            if any; and in the pre-tax elective deferrals and nondeductible
            after-tax Member Contributions. Also, if a Plan is determined to be
            Top Heavy, a different vesting schedule, other than the schedule
            elected above, may apply.

      C.    Years of Employment Excluded for Vesting Purposes

            The following Years of Employment shall be disregarded for vesting
            purposes (choose whichever shall apply):

                                       15

<PAGE>

            1.    |_|   Years of Employment during any period in which neither
                        the Plan nor any predecessor plan was maintained by the
                        Employer.

            2.    |_|   Years of Employment of a Member prior to attaining age
                        18.

      D.    Service Crediting Method for Vesting (Choose 1, 2, or 3):

            1.    |_|   Not Applicable. Plan provides 100% vesting for all
                        contributions.

            2.    |_|   Hour of service method (if elected, Years of Service
                        will be substituted for Years of Employment for purposes
                        of this Section XI) (Choose a or b):

                        (a)   |_| The actual number of Hours of Employment.

                        (b)   |_| 190 Hours of Employment for each month in
                                  which the Employee completes at least one
                                  Hour of Employment.

            3.    |X|   Elapsed time method.

XII.  Withdrawal Provisions

      A.    The following portions of a Member's Account will be eligible for
            in-service withdrawals, subject to the provisions of Article VII of
            the Plan (choose whichever shall apply):

            1.    |_|   Employee after-tax contributions and the earnings
                        thereon.

                        In-service withdrawals permitted only in the event of
                        (choose whichever shall apply):

                        (a)   |_| Hardship.

                        (b)   |_| Attainment of age 59 1/2.

            2.    |X|   Employee pre-tax elective deferrals and the earnings
                        thereon.

                  Note: In-service withdrawals of all employee pre-tax elective
                        deferrals and earnings thereon as of December 31, 1988
                        are permitted only in the event of hardship or
                        attainment of age 59 1/2. In-service withdrawals of
                        earnings after December 31, 1988 are permitted only in
                        the event of attainment of age 59 1/2.

            3.    |X|   Employee rollover contributions and the earnings
                        thereon.

                        In-service withdrawals permitted only in the event of
                        (choose whichever shall apply):

                        (a)   |_| Hardship.

                        (b)   |_| Attainment of age 59 1/2.

            4.    |X|   Employer matching contributions and the earnings
                        thereon.

                        In-service withdrawals permitted only in the event of
                        (choose whichever shall apply):

                                       16

<PAGE>

                        (a)   |_| Hardship.

                        (b)   |_| Attainment of age 59 1/2.

            5.    |_|   Employer basic contributions and the earnings thereon.

                        In-service withdrawals permitted only in the event of
                        (choose whichever shall apply):

                        (a)   |_| Hardship.

                        (b)   |_| Attainment of age 59 1/2.

            6.    |_|   Employer supplemental contributions and the earnings
                        thereon.

                        In-service withdrawals permitted only in the event of
                        (choose whichever shall apply):

                        (a)   |_| Hardship.

                        (b)   |_| Attainment of age 59 1/2.

            7.    |_|   Employer profit sharing contributions and the earnings
                        thereon.

                        In-service withdrawals permitted only in the event of
                        (choose whichever shall apply):

                        (a)   |_| Hardship.

                        (b)   |_| Attainment of age 59 1/2.

            8.    |_|   Employer qualified nonelective contributions and
                        earnings thereon.

                  Note: In-service withdrawals of all employer qualified
                        nonelective contributions and earnings thereon are
                        permitted only in the event of attainment of age 59 1/2.

            9.    |_|   Employer safe harbor CODA contributions and earnings
                        thereon.

                  Note: In-service withdrawals of employer safe harbor CODA
                        contributions and earnings thereon are permitted only in
                        the event of attainment of age 59 1/2.

            10.   |_|   No in-service withdrawals shall be allowed.

      B.    Notwithstanding any elections made in Subsection A of this Section
            XII above, the following portions of a Member's Account shall be
            excluded from eligibility for in-service withdrawals (choose
            whichever shall apply):

            1.    |_|   Employer contributions, and the earnings thereon,
                        credited to the Employer Stock Fund.

            2.    |_|   Employer contributions, and the earnings thereon,
                        credited to the Employer Certificate of Deposit Fund.

            3.    |_|   All contributions and deferrals, and the earnings
                        thereon, credited to the Employer Stock Fund.

            4.    |_|   All contributions and deferrals, and the earnings
                        thereon, credited to the Employer Certificate of Deposit
                        Fund.

                                       17

<PAGE>

            5.    |_|   Other: ____________________________________

            Note: A Member's Account will be available for in-service
            withdrawals upon attaining age 70 1/2notwithstanding any provisions
            of this Section XII to the contrary.

XIII. Distribution Option (choose whichever shall apply)

            1.    |_|   Lump Sum and partial lump sum payments only.

            2.    |X|   Lump Sum and partial lump sum payments plus one or more
                        of the following (choose (a) and/or (b)):

                        (a)   |X| Installment payments.

                        (b)   |_| Annuity payments.

            3.    |_|   Distributions in kind of Employer Stock.

XIV.  Loan Program (choose 1, 2, 3 or 4, if applicable)

            1.    |_|   No loans will be permitted from the Plan.

            2.    |X|   Loans will be permitted from the Member's Account.

            3.    |_|   Loans will be permitted from the Member's Account,
                        excluding (choose whichever shall apply):

                        (1)  |_| Employer Profit sharing contributions and the
                                 earnings thereon.

                        (2)  |_| Employer matching contributions and the
                                 earnings thereon.

                        (3)  |_| Employer basic contributions and the earnings
                                 thereon.

                        (4)  |_| Employer supplemental contributions and the
                                 earnings thereon.

                        (5)  |_| Employee after-tax contributions and the
                                 earnings thereon.

                        (6)  |_| Employee pre-tax elective deferrals and the
                                 earnings thereon.

                        (7)  |_| Employee rollover contributions and the
                                 earnings thereon.

                        (8)  |_| Employer qualified nonelective contributions
                                 and the earnings thereon.

                        (9)  |_| Employer safe harbor CODA contributions and
                                 the earnings thereon.

                        (10) |_| Any amounts to the extent invested in the
                                 Employer Stock Fund.

                        (11) |_| Any amounts to the extent invested in the
                                 Employer Certificate of Deposit Fund.

            4.    |_|   Loans will only be permitted from the Member's Account
                        in the case of hardship or financial necessity as
                        defined under Section 8.1 of the Plan.

                                       18

<PAGE>

XV.   Additional Information

      If additional space is needed to select or describe an elective feature of
      the Plan, the Employer should attach additional pages and use the
      following format:

      The following is hereby made a part of Section --- of the Adoption
      Agreement and is thus incorporated into and made a part of the [Plan Name]

      Signature of Employer's Authorized Representative ________________________

      Signature of Trustee ________________________________

      Supplementary Page ___ of [total number of pages].

XVI.  Plan Administrator

      The Named Plan Administrator under the Plan shall be the (choose 1, 2, 3
      or 4):

      Note: Pentegra Services, Inc. may not be appointed Plan Administrator.

      1. |X| Employer

      2. |_| Employer's Board of Directors

      3. |_| Plan's Administrative Committee

      4. |_| Other (if chosen, then provide the following information)

             Name: _____________________________________________________

             Address: ________________________________________________________

             Tel No: _________________________________________________________

             Contact: ________________________________________________________

      Note: If no Named Plan Administrator is designated above, the Employer
            shall be deemed the Named Plan Administrator.

XVII. Trustee

      The Employer hereby appoints The Bank of New York to serve as Trustee for
      all Investment Funds under the Plan except the Employer Stock Fund.

      The Employer hereby appoints the following person(s) or entity to serve as
      Trustee under the Plan for the Employer Stock Fund.*

      Name: ____________________________________________________________________

      Address: _________________________________________________________________

                                       19

<PAGE>

      Telephone No: _______ Contact: __________________________________________

                   ___________________________________________
                              Signature of Trustee
          (Required only if the Employer is serving as its own Trustee)

      *     Subject to approval by The Bank of New York, if The Bank of New York
            is appointed as Trustee for the Employer Stock Fund.

      The Employer hereby appoints The Bank of New York to serve as Custodian
      under the Plan for the Employer Stock Fund in the event The Bank of New
      York does not serve as Trustee for such Fund.

                                       20

<PAGE>

                         EXECUTION OF ADOPTION AGREEMENT

By execution of this Adoption Agreement by a duly authorized representative of
the Employer, the Employer acknowledges that it has established or, as the case
may be, amended a tax-qualified retirement plan into the Enfield Federal Savings
and Loan Association Employees' Savings & Profit Sharing Plan and Trust (the
"Plan"). The Employer hereby represents and agrees that it will assume full
fiduciary responsibility for the operation of the Plan and for complying with
all duties and requirements imposed under applicable law, including, but not
limited to, the Employee Retirement Income Security Act of 1974, as amended, and
the Internal Revenue Code of 1986, as amended. In addition, the Employer
represents and agrees that it will accept full responsibility for complying with
any applicable requirements of federal or state securities law as such laws may
apply to the Plan and to any investments thereunder. The Employer further
acknowledges that any opinion letter issued with respect to the Adoption
Agreement and the Employees' Savings and Profit Sharing Plan - Basic Plan
Document by the Internal Revenue Service ("IRS") to Pentegra Services, Inc., as
sponsor of the Employees' Savings & Profit Sharing Plan, does not constitute a
ruling or a determination with respect to the tax-qualified status of the Plan
as adopted by the Employer. Further, the adopting Employer may not rely on an
opinion letter issued by the National Office of the IRS as evidence that the
Plan is qualified under Section 401 of the Internal Revenue Code. In order to
obtain reliance with respect to plan qualification, the Employer must apply to
Employee Plans Determinations of the Internal Revenue Service Key District
Office for a determination letter.

The failure to properly complete the Adoption Agreement may result in
disqualification of the Plan and Trust evidenced thereby.

The Sponsor will inform the Employer of any amendments to the Plan or of the
discontinuance or abandonment of the Plan by the Sponsor.

Any inquiries regarding the adoption of the Plan should be directed to the
Sponsor as follows:

                            Pentegra Services, Inc.
                            108 Corporate Park Drive
                            White Plains, New York  10604
                            (914) 694-1300

IN WITNESS WHEREOF, the Employer has caused this Adoption Agreement to be
executed by its duly authorized officer this _______ day of
____________________, 20___.

                                   Enfield Federal Savings and Loan Association

                                   By:    ___________________________________

                                   Name:  ___________________________________

                                   Title: ___________________________________

1/1/01

                                       21<PAGE>

                                                                    Exhibit 10.6

                     EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN

                                    AGREEMENT

         This Agreement, made and entered into this 19/th/ day of August, 1999,
by and between Enfield Federal Savings & Loan Association, a Bank organized and
existing under the laws of the State of Connecticut, hereinafter referred to as
the "Bank," and David O'Connor, a Key Employee and the Executive of the Bank,
hereinafter referred to as the "Executive."

         The Executive is in the employ of the Bank and is now faithfully
serving the Bank. It is the consensus of the Board of Directors of the Bank (the
"Board") that the Executive's experience, knowledge of corporate affairs,
reputation and industry contacts are of such value and his continued services
are so essential to the Bank's future growth and profits that it would suffer
severe financial loss should the Executive terminate his services.

         Accordingly, it is the desire of the Bank and the Executive to enter
into this Agreement under which the Bank will agree to make certain payments to
the Executive upon the Executive's retirement and, alternatively, to the
Executive's beneficiary(ies) in the event of Executive's death.

         It is the intent of the parties hereto that this Agreement be
considered an arrangement maintained primarily to provide supplemental
retirement benefits for the Executive, as a member of a select group of
management or highly-compensated employees of the Bank for purposes of the
Employee Retirement Income Security Act of 1974 ("ERISA"). The Executive is
fully advised of the Bank's financial status and has had substantial input in
the design and operation of this benefit plan.

         Therefore, in consideration of the Executive's services and based upon
the mutual promises and covenants herein contained, the Bank and the Executive,
agree as follows:

I.       DEFINITIONS

         A.       Effective Date:
                  --------------

                  The Effective Date of this Agreement shall be July 19, 1999.

         B.       Plan Year:
                  ---------

                  Any reference to "Plan Year" shall mean a calendar year from
                  January 1 to December 31. In the year of implementation, the
                  term "Plan Year" shall mean the period from the effective date
                  to December 31 of the year of the effective date.

<PAGE>

     C.    Retirement Date:
           ---------------

           Retirement Date shall mean retirement from service with the
           Bank which becomes effective on the first day of the calendar
           month following the month in which the Executive reaches the
           Executive's sixty-fifth (65/th/) birthday or such later date as
           the Executive may actually retire.

     D.    Termination of Service:
           ----------------------

           Termination of Service shall mean either: i) Voluntary
           resignation of service by the Executive; or ii) the Bank's
           discharge of the Executive without cause ("cause" defined in
           Subparagraph III (D) hereinafter), prior to the Normal
           Retirement Age (described in Subparagraph I (I) hereinafter).

     E.    Index Retirement Benefit:
           ------------------------

           The Index Retirement Benefit for the Executive for any year
           shall be equal to the excess of the annual earnings (if any)
           determined by the Index [Subparagraph I (F)] for that Plan
           Year less the Opportunity Cost [Subparagraph I (G)] for that
           Plan Year.

     F.    Index:
           -----

           The Index for any Plan Year shall be the aggregate annual
           after-tax income from the life insurance contracts described
           hereinafter as defined by FASB Technical Bulletin 85-4. This
           Index shall be applied as if such insurance contracts were
           purchased on the effective date hereof.

           Insurance Company:            Alexander Hamilton Life
           Policy Form:                  Flexible Premium Adjustable Life
           Policy Name:                  Executive Security Plan IV
           Insured's Age and Sex:        53, Male
           Riders:                       None
           Ratings:                      According to the health of the insured
           Option:                       Level Death Benefit
           Face Amount:                  $1,876,000
           Premiums Paid:                $800,000
           Number of Premium Payments:   One
           Assumed Purchase Date:        July 19, 1999

           Insurance Company:            Lincoln Benefit Life
           Policy Form:                  Flexible Premium Adjustable Life
           Policy Name:                  Ultra Achiever
           Insured's Age and Sex:        52, Male
           Riders:                       None
           Ratings:                      According to the health of the insured

                                       2

<PAGE>

            Option:                      Level Death Benefit
            Face Amount:                 $4,432,108
            Premiums Paid:               $1,250,000
            Number of Premium Payments:  One
            Assumed Purchase Date:       July 19, 1999

            Insurance Company:           Southland Life
            Policy Form:                 Flexible Premium Adjustable Life
            Policy Name:                 Max UL
            Insured's Age and Sex:       53, Male
            Riders:                      None
            Ratings:                     According to the health of the insured
            Option:                      Level Death Benefit
            Face Amount:                 $2,025,367
            Premiums Paid:               $800,000
            Number of Premium Payments:  One
            Assumed Purchase Date:       July 19, 1999

            If such contracts of life insurance are actually purchased by
            the Bank then the actual policies as of the dates they were
            purchased shall be used in calculations under this Agreement.
            If such contracts of life insurance are not purchased or are
            subsequently surrendered or lapsed, then the Bank shall
            receive annual policy illustrations that assume the
            above-described policies were purchased from the above named
            insurance company(ies) on the Effective Date from which the
            increase in policy value will be used to calculate the amount
            of the Index.

            In either case, references to the life insurance contract are
            merely for purposes of calculating a benefit. The Bank has no
            obligation to purchase such life insurance and, if purchased,
            the Executive and the Executive's beneficiary(ies) shall have
            no ownership interest in such policy and shall always have no
            greater interest in the benefits under this Agreement than
            that of an unsecured general creditor of the Bank.

     G.     Opportunity Cost:
            ----------------

            The Opportunity Cost for any Plan Year shall be calculated by
            taking the sum of the amount of premiums set forth in the
            Indexed policies described in Exhibit A plus the amount of any
            after-tax benefits paid to the Executive pursuant to the Plan
            (Paragraph II hereinafter) plus the amount of all previous
            years after-tax Opportunity Cost, and multiplying that sum by
            the average annualized after-tax yield of a one-year Treasury
            bill for the Plan Year.

     H.     Mutual to Stock Conversion or a Change in Control:
            -------------------------------------------------

            Mutual to Stock  Conversion  shall mean the  conversion  of
            the Bank from a mutual  savings  bank to an entity  which
            issues stock and is owned by its shareholders.  Such

                                       3

<PAGE>

                  Mutual to Stock Conversion shall be deemed to be a Change in
                  Control for purposes of this Agreement.

         I.       Normal Retirement Age:
                  ---------------------

                  Normal Retirement Age shall mean the date on which the
                  Executive attains age sixty-five (65).

         J.       Benefits Accounting:
                  -------------------

                  The Bank shall account for the benefit provided herein using
                  the regulatory accounting principles of the Bank's primary
                  federal regulator. The Bank shall establish an accrued
                  liability retirement account for the Executive into which
                  appropriate reserves shall be accrued.

II.      EMPLOYMENT

         The Bank agrees to employ the Executive in such capacity as the Bank
         may from time to time determine. The Executive will continue in the
         employ of the Bank in such capacity and with such duties and
         responsibilities as may be assigned to him, and with such compensation
         as may be determined from time to time by the Board of Directors of the
         Bank.

         No provision of this Agreement shall be deemed to restrict or limit any
         existing employment agreement by and between the Bank and the
         Executive, nor shall any conditions herein create specific employment
         rights to the Executive nor limit the right of the Employer to
         discharge the Executive with or without cause. In a similar fashion, no
         provision shall limit the Executive's rights to voluntarily sever his
         employment at any time.

III.     BENEFITS

         A.       Retirement Benefits:
                  -------------------

                  Should the Executive continue to be employed by the Bank until
                  "Normal Retirement Age" defined in Subparagraph I (I), the
                  Executive shall be entitled to receive an annual benefit equal
                  to one hundred seventy-two thousand, seven hundred ninety-six
                  and no/100ths dollars ($172,796.00) in equal monthly
                  installments (1/12th of the annual benefit) for a period of
                  one hundred eighty (180) months. Said payments to commence
                  thirty (30) days following the Executive's Retirement Date.
                  Upon completion of the aforestated payments and commencing
                  subsequent thereto, the Index Retirement Benefit [Subparagraph
                  I (E)] shall be paid to the Executive until his death at which
                  time said benefit shall cease.

                                       4

<PAGE>

         B.       Termination of Service:
                  ----------------------

                  (i)      Voluntary Resignation of Service:
                           --------------------------------

                           Subject to Subparagraph III (D) hereinafter, should
                           the Executive voluntarily resign from the Bank
                           [Subparagraph I (D)(i)], the Executive shall be
                           entitled to receive the balance of the accrued
                           liability retirement account [Subparagraph I (J)] as
                           of the date of said termination in equal monthly
                           installments (1/12th of the annual benefit) for a
                           period one hundred eighty (180) months commencing at
                           the Normal Retirement Age [Subparagraph I (I)]. Upon
                           completion of the aforestated payments and commencing
                           subsequent thereto, the Index Retirement Benefit for
                           each year shall be paid to the Executive until the
                           Executive's death at which time said benefit shall
                           cease.

                  (ii)     The Bank's Discharge of the Executive:
                           -------------------------------------

                           Subject to Subparagraph III (D), should the Executive
                           be discharged from the Bank [Subparagraph I (D)(ii)],
                           the Executive shall be entitled to receive one
                           hundred seventy-two thousand, seven hundred
                           ninety-six and no/100ths dollars ($172,796.00) paid
                           to the Executive in equal monthly installments
                           (1/12th of the annual benefit) for a period of one
                           hundred eighty (180) months commencing at the Normal
                           Retirement Age [Subparagraph I (I)]. Upon completion
                           of the aforestated payments and commencing subsequent
                           thereto, the Index Retirement Benefit for each year
                           shall be paid to the Executive until the Executive's
                           death at which time said benefit shall cease.

         C.       Death:
                  -----

                  (i)      Post-Retirement and Post-Termination of Service:
                           -----------------------------------------------

                           Should the Executive die after commencement of
                           benefit payments or prior to having received the
                           total amount of payments the Executive may be
                           entitled to receive as set forth in Subparagraphs III
                           (A) and (B) hereinabove, the remaining installments
                           or a lump sum of the present value of the remaining
                           installments, at the discretion of the Bank, shall be
                           paid to the individual or individuals designated in
                           writing by the Executive and filed with the Bank. In
                           the absence of any effective designation of a
                           beneficiary, any such amounts becoming due and
                           payable upon the death of the Executive shall be
                           payable to the duly qualified executor or
                           administrator of the Executive's estate. Said payment
                           shall be made on the first day of the second month
                           following the decease of the Executive.

                           If, upon death, the Executive shall have received the
                           total annual benefit as provided herein, then no
                           further benefit shall be due hereunder. In any event,

                                       5

<PAGE>

                           upon the death of the Executive, the Executive's
                           beneficiary shall not be entitled to receive any
                           Index Retirement Benefit and no death benefit shall
                           be payable hereunder if the Executive dies on or
                           before the 19/th/ day of July, 2001.

                  (ii)     Pre-Retirement Benefit:
                           ----------------------

                           In the event the Executive should die while actively
                           serving the Bank at any time after the date of this
                           Agreement or after termination of employment for
                           reasons other than discharge for cause [Subparagraph
                           III (D)] but prior to the Executive attaining the age
                           of sixty-five (65), and, in either case, prior to
                           commencement of benefits, the Bank will pay an annual
                           benefit equal to one hundred seventy-two thousand,
                           seven hundred ninety-six and no/100ths dollars
                           ($172,796.00) in either, at the discretion of the
                           Bank, equal monthly installments (1/12 of the annual
                           benefit) for a period of one hundred and eighty (180)
                           months, or a lump sum of the present value of the
                           annual benefit, to such individual or individuals as
                           the Executive may have designated in writing and
                           filed with the Bank. In the absence of any effective
                           designation of beneficiary, any such amounts becoming
                           due and payable upon the death of the Executive shall
                           be payable to the duly qualified executor or
                           administrator of the Executive's estate. Said payment
                           shall be made on the fist day of the second month
                           following the decease of the Executive. The
                           Executive's beneficiary(ies) shall not be entitled to
                           any Index Retirement Benefit hereunder. Provided,
                           however, that anything hereinabove to the contrary
                           notwithstanding, no death benefit shall be payable
                           hereunder if the Executive dies on or before the
                           19/th/ day of July, 2001.

         D.       Discharge for Cause:
                  -------------------

                  Should the Executive be discharged for cause at any time, all
                  Benefits under this Agreement shall be forfeited. The term
                  "for cause" shall mean the conviction of a felony or gross
                  misdemeanor involving moral turpitude, fraud, dishonesty or
                  willful violation of a law that results in an adverse effect
                  on the Bank. If a dispute arises as to discharge "for cause,"
                  such dispute shall be resolved by arbitration as set forth in
                  this Agreement.

         E.       Death Benefit:
                  -------------

                  Except as set forth above, there is no death benefit provided
                  under this Agreement.

IV.      RESTRICTIONS UPON FUNDING

         The Bank shall have no obligation to set aside, earmark or entrust any
         fund or money with which to pay its obligations under this Agreement.
         The Executive, the Executive's beneficiary(ies) or any successor in
         interest to the Executive shall be and remain simply a

                                       6

<PAGE>

         general creditor of the Bank in the same manner as any other creditor
         having a general claim for matured and unpaid compensation.

         The Bank reserves the absolute right, at its sole discretion, to either
         fund the obligations undertaken by this Agreement or to refrain from
         funding the same and to determine the exact nature and method of such
         funding. Should the Bank elect to fund this Agreement, in whole or in
         part, through the purchase of life insurance, mutual funds, disability
         policies or annuities, the Bank reserves the absolute right, in its
         sole discretion, to terminate such funding at any time, in whole or in
         part. At no time shall the executive be deemed to have any lien or
         right, title or interest in or to any specific funding investment or to
         any assets of the Bank.

         If the Bank elects to invest in a life insurance, disability or annuity
         policy upon the life of the Executive, then the Executive shall assist
         the Bank by freely submitting to a physical exam and supplying such
         additional information necessary to obtain such insurance or annuities.

V.       MUTUAL TO STOCK CONVERSION OR CHANGE IN CONTROL

         Upon a Mutual to Stock Conversion or a Change in Control (as defined in
         Subparagraph I (H) herein), if the Executive subsequently suffers a
         Termination of Service [Subparagraph I (D)], then the Executive shall
         receive the benefits promised in Subparagraph III (A) of this Agreement
         upon attaining Normal Retirement Age [Subparagraph I (I)], as if the
         Executive had been employed by the Bank until Normal Retirement Age.
         The Executive will also remain eligible for all promised death benefits
         in this Agreement. In addition, no sale, merger, consolidation or
         conversion of the Bank shall take place unless the new or surviving
         entity expressly acknowledges the obligations under this Agreement and
         agrees to abide by its terms.

VI.      MISCELLANEOUS

         A.       Alienability and Assignment Prohibition:
                  ---------------------------------------

                  Neither the Executive, his surviving spouse nor any other
                  beneficiary under this Agreement shall have any power or right
                  to transfer, assign, anticipate, hypothecate, mortgage,
                  commute, modify or otherwise encumber in advance any of the
                  benefits payable hereunder nor shall any of said benefits be
                  subject to seizure for the payment of any debts, judgments,
                  alimony or separate maintenance owed by the Executive or the
                  Executive's beneficiary(ies), nor be transferable by operation
                  of law in the event of bankruptcy, insolvency or otherwise. In
                  the event the Executive or any beneficiary attempts
                  assignment, commutation, hypothecation, transfer or disposal
                  of the benefits hereunder, the Bank's liabilities shall
                  forthwith cease and terminate.

                                       7

<PAGE>

         B.       Binding Obligation of Bank and any Successor in Interest:
                  --------------------------------------------------------

                  The Bank expressly agrees that it shall not merge or
                  consolidate into or with another bank or sell substantially
                  all of its assets to another bank, firm or person until such
                  bank, firm or person expressly agrees, in writing, to assume
                  and discharge the duties and obligations of the Bank under
                  this Agreement. This Agreement shall be binding upon the
                  parties hereto, their successors, beneficiary(ies), heirs and
                  personal representatives.

         C.       Revocation:
                  ----------

                  It is agreed by and between the parties hereto that, during
                  the lifetime of the Executive, this Agreement may be amended
                  or revoked at any time or times, in whole or in part, by the
                  mutual written assent of the Executive and the Bank.

         D.       Gender:
                  ------

                  Whenever in this Agreement words are used in the masculine or
                  neuter gender, they shall be read and construed as in the
                  masculine, feminine or neuter gender, whenever they should so
                  apply.

         E.       Effect on Other Bank Benefit Plans:
                  ----------------------------------

                  Nothing contained in this Agreement shall affect the right of
                  the Executive to participate in or be covered by any qualified
                  or non-qualified pension, profit-sharing, group, bonus or
                  other supplemental compensation or fringe benefit plan
                  constituting a part of the Bank's existing or future
                  compensation structure.

         F.       Headings:
                  --------

                  Headings and subheadings in this Agreement are inserted for
                  reference and convenience only and shall not be deemed a part
                  of this Agreement.

         G.       Applicable Law:
                  --------------

                  The validity and interpretation of this Agreement shall be
                  governed by the laws of the State of Connecticut.

         H.       Fringe Benefits:
                  ---------------

                  The benefits provided by this Agreement are granted by the
                  Bank as a fringe benefit to the Executive and are not part of
                  any salary reduction plan or an arrangement deferring a bonus
                  or a salary increase, and shall in no event be construed to
                  affect nor limit the Executive's current or prospective salary
                  increases, cash bonuses, or profit-sharing distribution or
                  credits. The Executive has no option to take any current

                                       8

<PAGE>

                  payment or bonus in lieu of these benefits except as may be
                  set forth hereinafter.

         I.       Present Value:
                  -------------

                  All present value calculations under this Agreement shall be
                  based on the following interest rate and mortality table:

                  Interest Rate:    The interest rate of 30-year Treasury
                                    securities published by the Board of
                                    Directors of the Federal Reserve System for
                                    the month immediately preceding the month
                                    in which the present value is determined.

                  Mortality Table:  The mortality table prescribed by the
                                    Secretary of Treasury pursuant to Section
                                    417(e)(3)(A)(ii)(I) of the Internal Revenue
                                    Code of 1986, as amended.

VII.     ERISA PROVISION

         A.       Named Fiduciary and Plan Administrator:
                  --------------------------------------

                  The "Named Fiduciary and Plan Administrator" of this Plan
                  shall be Enfield Federal Savings & Loan Association until its
                  removal by the Board. As Named Fiduciary and Administrator,
                  the Bank shall be responsible for the management, control and
                  administration of the Plan as established herein. The Named
                  Fiduciary may delegate to others certain aspects of the
                  management and operation responsibilities of the plan
                  including the employment of advisors and the delegation of
                  ministerial duties to qualified individuals.

         B.       Claims Procedures and Arbitration:
                  ---------------------------------

                  In the event a dispute arises over benefits under this
                  Agreement and benefits are not paid to the Executive (or to
                  his beneficiary in the case of the Executive's death) and such
                  claimants feel they are entitled to receive such benefits,
                  then a written claim must be made to the Plan Administrator
                  named above within ninety (90) days from the date payments are
                  refused. The Plan Administrator shall review the written claim
                  and if the claim is denied, in whole or in part, they shall
                  provide in writing within ninety (90) days of receipt of such
                  claim their specific reasons for such denial, reference to the
                  provisions of this Agreement upon which the denial is based
                  and any additional material or information necessary to
                  perfect the claim. Such written notice shall further indicate
                  the additional steps to be taken by claimants if a further
                  review of the claim denial is desired. A claim shall be deemed
                  denied if the Plan Administrator fails to take any action
                  within the aforesaid ninety-day period.

                  If claimants desire a second review they shall notify the Plan
                  Administrator in writing within ninety (90) days of the first
                  claim denial. Claimants may review this

                                       9

<PAGE>

                  Agreement or any documents relating thereto and submit any
                  written issues and comments they may feel appropriate. In its
                  sole discretion, the Plan Administrator shall then review the
                  second claim and provide a written decision within ninety (90)
                  days of receipt of such claim. This decision shall likewise
                  state the specific reasons for the decision and shall include
                  reference to specific provisions of this Agreement upon which
                  the decision is based.

                  If claimants continue to dispute the benefit denial based upon
                  completed performance of this Agreement or the meaning and
                  effect of the terms and conditions thereof, then claimants may
                  submit the dispute to a Board of Arbitration for final
                  arbitration. Said Board shall consist of one member selected
                  by the claimant, one member selected by the Bank, and the
                  third member selected by the first two members. The Board
                  shall operate under any generally recognized set or
                  arbitration rules. The parties hereto agree that they and
                  their heirs, personal representatives, successors and assigns
                  shall be bound by the decision of such Board with respect to
                  any controversy properly submitted to it for determination.

                  Where a dispute arises as the Bank's discharge of the
                  Executive "for cause," such dispute shall likewise be
                  submitted to arbitration as above described and the parties
                  hereto agree to be bound by the decision thereunder.

                                       10

<PAGE>

     IN WITNESS WHEREOF, the parties hereto acknowledge that each has carefully
read this Agreement and executed the original thereof on the 19/th/ day of
August, 1999 and that, upon execution, each has received a conforming copy.

                                               ENFIELD FEDERAL SAVINGS
                                               & LOAN ASSOCIATION

                                               Enfield, Connecticut

                                               /s/ Cynthia G. Gray
                                               ---------------------------------
                                               Secretary & Treasurer - Title

                                               /s/ David J. O'Connor
                                               ---------------------------------
                                               David J. O'Connor

                                       11

<PAGE>

             AMENDMENT TO THE EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN

         Effective February 11, 2001, the Executive Supplemental Retirement Plan
shall be, and hereby is, amended as follows:

                                  First Change

         Section 1(H) of the Plan is deleted in its entirety and replaced with
the following new Section 1(H):

         "H.      Change in Control

                  For purposes of this Plan a "Change in Control" shall occur:

                  (i)      at such time as any "person" (as the term is used in
                           Sections 13(d) and 14(d) of the Securities Exchange
                           Act of 1934, as amended ("Exchange Act")) is or
                           becomes the "beneficial owner" (as defined in Rule
                           13d-3 under the Exchange Act), directly or
                           indirectly, of voting securities of the Company
                           representing 20% or more of the Bank's outstanding
                           voting securities or the right to acquire such
                           securities, except for any voting securities
                           purchased by any employee benefit plan of the Bank;

                  (ii)     at such time as individuals who constitute the Board
                           of Directors on the date hereof (the "Incumbent
                           Board") cease for any reason to constitute at least a
                           majority thereof, provided that any person becoming a
                           director subsequent to the date hereof whose election
                           was approved by a vote of at least three-quarters of
                           the directors constituting the Incumbent Board (or
                           members who were nominated by the Incumbent Board),
                           or whose nomination for election by the Bank's
                           stockholders was approved by a Nominating Committee
                           solely composed of members which are Incumbent Board
                           members (or members nominated by the Incumbent
                           Board), shall be, for purposes of this clause (iii),
                           considered as though he or she were a member of the
                           Incumbent Board;

                  (iii)    at such time as a reorganization, merger,
                           consolidation, or similar transaction occurs or is
                           effectuated as a result of which 60% of shares of the
                           common stock of the resulting entity are owned by
                           persons who were not stockholders of the Bank
                           immediately prior to the consummation of the
                           transaction;

                  (iv)     at such time as substantially all of the assets of
                           the Bank are sold or otherwise transferred to another
                           corporation or other entity that is not controlled by
                           the Bank.

<PAGE>

Notwithstanding anything in this Plan to the contrary, in no event shall the
conversion of the Bank from mutual to stock form (including without limitation,
through the formation of a stock holding company) or the reorganization of the
Bank into the mutual holding company form of organization constitute a "Change
in Control" for purposes of this Plan.

                                  Second Change

         The first sentence in Section V of the Plan is amended to delete the
reference to a Mutual to Stock Conversion.

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