Document:

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                                                                   EXHIBIT 10.14

                  ROCKVILLE BANK EMPLOYEE STOCK OWNERSHIP PLAN

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                                TABLE OF CONTENTS

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                                    ARTICLE I

                                   DEFINITIONS

                                   ARTICLE II

                                 ADMINISTRATION

2.1   POWERS AND RESPONSIBILITIES OF THE HR COMMITTEE........................     9

2.2   DESIGNATION OF ADMINISTRATIVE AUTHORITY................................    10

2.3   POWERS AND DUTIES OF THE ADMINISTRATOR.................................    10

2.4   RECORDS AND REPORTS....................................................    11

2.5   APPOINTMENT OF ADVISERS................................................    11

2.6   PAYMENT OF EXPENSES....................................................    11

2.7   MAJORITY ACTIONS.......................................................    12

2.8   CLAIMS PROCEDURE.......................................................    12

2.9   CLAIMS REVIEW PROCEDURE................................................    12

                                   ARTICLE III

                                   ELIGIBILITY

3.1   CONDITIONS OF ELIGIBILITY..............................................    13

3.2   EFFECTIVE DATE OF PARTICIPATION........................................    13

3.3   DETERMINATION OF ELIGIBILITY...........................................    13

3.4   TERMINATION OF ELIGIBILITY.............................................    13

3.5   OMISSION OF ELIGIBLE EMPLOYEE..........................................    14

3.6   INCLUSION OF INELIGIBLE EMPLOYEE.......................................    14

3.7   REHIRED EMPLOYEES AND BREAKS TN SERVICE................................    14

3.8   ELECTION NOT TO PARTICIPATE............................................    15

                                   ARTICLE IV

                           CONTRIBUTION AND ALLOCATION

4.1   FORMULA FOR DETERMINING EMPLOYER CONTRIBUTION..........................    16

4.2   TIME OF PAYMENT OF EMPLOYER CONTRIBUTION...............................    16

4.3   ALLOCATION OF CONTRIBUTION, FORFEITURES AND EARNINGS...................    16
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4.4   MAXIMUM ANNUAL ADDITIONS...............................................    21

4.5   ADJUSTMENT FOR EXCESSIVE ANNUAL ADDITIONS..............................    23

4.6   DIRECTED INVESTMENT ACCOUNT............................................    24

4.7   QUALIFIED MILITARY SERVICE.............................................    24

                                    ARTICLE V

                          FUNDING AND INVESTMENT POLICY

5.1   INVESTMENT POLICY......................................................    25

5.2   APPLICATION OF CASH....................................................    25

5.3   LOANS TO THE TRUST.....................................................    25

                                   ARTICLE VI

                                   VALUATIONS

6.1   VALUATION OF THE TRUST FUND............................................    27

6.2   METHOD OF VALUATION....................................................    27

                                   ARTICLE VII

                   DETERMINATION AND DISTRIBUTION OF BENEFITS

7.1   DETERMINATION OF BENEFITS UPON RETIREMENT..............................    27

7.2   DETERMINATION OF BENEFITS UPON DEATH...................................    27

7.3   DETERMINATION OF BENEFITS IN EVENT OF DISABILITY.......................    29

7.4   DETERMINATION OF BENEFITS UPON TERMINATION.............................    29

7.5   DISTRIBUTION OF BENEFITS...............................................    31

7.6   HOW PLAN BENEFITS WILL BE DISTRIBUTED..................................    38

7.7   DISTRIBUTION FOR MINOR OR INCOMPETENT BENEFICIARY......................    39

7.8   LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN.........................    39

7.9   NONTERMINABLE PROTECTIONS AND RIGHTS...................................    39

7.10  QUALIFIED DOMESTIC RELATIONS ORDER DISTRIBUTION........................    39

7.11  DIRECT ROLLOVER........................................................    40

                                  ARTICLE VIII

                       AMENDMENT, TERMINATION AND MERGERS

8.1   AMENDMENT..............................................................    41

8.2   TERMINATION............................................................    42

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8.3   MERGER, CONSOLIDATION OR TRANSFER OF ASSETS............................    42

                                   ARTICLE IX

                                    TOP HEAVY

9.1   TOP HEAVY PLAN REQUIREMENTS............................................    42

9.2   DETERMINATION OF TOP HEAVY STATUS......................................    42

                                    ARTICLE X

                                  MISCELLANEOUS

10.1  PARTICIPANT'S RIGHTS...................................................    45

10.2  ALIENATION.............................................................    46

10.3  CONSTRUCTION OF PLAN...................................................    46

10.4  GENDER AND NUMBER......................................................    46

10.5  LEGAL ACTION...........................................................    46

10.6  PROHIBITION AGAINST DIVERSION OF FUNDS.................................    47

10.7  EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE.............................    47

10.8  INSURER'S PROTECTIVE CLAUSE............................................    47

10.9  RECEIPT AND RELEASE FOR PAYMENTS.......................................    48

10.10 ACTION BY THE EMPLOYER.................................................    48

10.11 NAMED FIDUCIARIES AND ALLOCATION OF RESPONSIBILITY.....................    48

10.12 HEADINGS...............................................................    49

10.13 APPROVAL BY INTERNAL REVENUE SERVICE...................................    49

10.14 UNIFORMITY.............................................................    49

10.15 VOTING COMPANY STOCK...................................................    49

11.1  ADOPTION BY OTHER EMPLOYERS............................................    50
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                  ROCKVILLE BANK EMPLOYEE STOCK OWNERSHIP PLAN

            THIS PLAN, hereby adopted this_____________ day of________, by
Rockville Bank (herein referred to as the "Employer").

                              W I T N E S S E T H:

            WHEREAS, the Employer desires an Employee Stock Ownership Plan so as
to enable its eligible employees to acquire a proprietary interest in capital
stock of the Employer; and

            WHEREAS, the Employer desires to recognize the contribution made to
its successful operation by its employees and to reward such contribution by
means of an Employee Stock Ownership Plan for those employees who shall qualify
as Participants hereunder; and

            WHEREAS, contributions to the Plan will be made by the Employer and
such contributions made to the trust will be invested primarily in the capital
stock of the Employer;

            NOW, THEREFORE, effective ___________, 2005, (hereinafter called the
"Effective Date"), the Employer hereby establishes an Employee Stock Ownership
Plan (ESOP) (which plan is hereinafter called the "Plan") for the exclusive
benefit of the Participants and their Beneficiaries, which is intended to
qualify as an "ESOP", according to the following terms:

                                   ARTICLE I
                                   DEFINITIONS

      1.1 "Act" means the Employee Retirement Income Security Act of 1974, as it
may be amended from time to time.

      1.2 "Administrator" means the HR Committee of the Board of Directors of
the Employer appointed pursuant to Section 2.2 to administer the Plan on behalf
of the Employer.

      1.3 "Affiliated Employer" means any corporation which is a member of a
controlled group of corporations (as defined in Code Section 414(b)) which
includes the Employer; any trade or business (whether or not incorporated) which
is under common control (as defined in Code Section 414(e)) with the Employer;
any organization (whether or not incorporated) which is a member of an
affiliated service group (as defined in Code Section 414(m)) which includes the
Employer; and any other entity required to be aggregated with the Employer
pursuant to Regulations under Code Section 414(o).

      1.4 "Anniversary Date" means the last day of the Plan Year.

      1.5 "Beneficiary" means the person (or entity) to whom the share of a
deceased Participant's total account is payable, subject to the restrictions of
Sections 7.2 and 7.5.

      1.6 "Code" means the Internal Revenue Code of 1986, as amended or replaced
from time to time.

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      1.7 "Company Stock" means common stock issued by Rockville Financial, Inc.

      1.8 "Company Stock Account" means the account of a Participant which is
credited with the shares of Company Stock purchased and paid for by the Trust
Fund or contributed to the Trust Fund.

      1.9 "Compensation" with respect to any Participant means such
Participant's wages as defined in Code Section 3401(a) and all other payments of
compensation by the Employer (in the course of the Employer's trade or business)
for a Plan Year for which the Employer is required to furnish the Participant a
written statement under Code Sections 6041(d), 6051(a)(3) and 6052. Compensation
must be determined without regard to any rules under Code Section 3401(a) that
limit the remuneration included in wages based on the nature or location of the
employment or the services performed (such as the exception for agricultural
labor in Code Section 340l(a)(2)).

            For purposes of this Section, the determination of Compensation
shall be made by:

                  (a) including amounts which are contributed by the Employer
            pursuant to a salary reduction agreement and which are not
            includible in the gross income of the Participant under Code
            Sections 125, 132(f)(4), 402(e)(3), 402(h)(l)(B), 403(b) or 457(b),
            and Employee contributions described in Code Section 4l4(h)(2) that
            are treated as Employer contributions.

            For a Participant's initial year of participation, Compensation
shall be recognized for the entire Plan Year.

            Compensation in excess of $210,000 (or such other amount provided in
the Code) shall be disregarded. Such amount shall be adjusted for increases in
the cost of living in accordance with Code Section 401(a)(17)(B), except that
the dollar increase in effect on January 1 of any calendar year shall be
effective for the Plan Year beginning with or within such calendar year. For any
short Plan Year the Compensation limit shall be an amount equal to the
Compensation limit for the calendar year in which the Plan Year begins
multiplied by the ratio obtained by dividing the number of full months in the
short Plan Year by twelve (12).

            If any class of Employees is excluded from the Plan, then
Compensation for any Employee who becomes eligible or ceases to be eligible to
participate during a Plan Year shall only include Compensation while the
Employee is an Eligible Employee.

            For purposes of this Section, if the Plan is a plan described in
Code Section 413(c) or 414(f) (a plan maintained by more than one Employer), the
limitation applies separately with respect to the Compensation of any
Participant from each Employer maintaining the Plan.

      1.10 "Contract" or "Policy" means any life insurance policy, retirement
income policy or annuity policy (group or individual) issued pursuant to the
terms of the Plan. In the event of any conflict between the terms of this Plan
and the terms of any contract purchased hereunder, the Plan provisions shall
control.

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      1.11 "Current Obligations" means Trust obligations arising from extension
of credit to the Trust and payable in cash within (1) year from the date an
Employer contribution is due.

      1.12 "Eligible Employee" means any Employee.

            Employees who are Leased Employees within the meaning of Code
Sections 414(n)(2) and 414(o)(2) shall not be eligible to participate in this
Plan.

            Employees of Affiliated Employers shall not be eligible to
participate in this Plan unless such Affiliated Employers have specifically
adopted this Plan in writing.

            Employees who are designated by the Employer as Non-Benefits
Employees shall not be eligible to participate in this Plan.

      1.13 "Employee" means any person who is employed by the Employer or
Affiliated Employer, and excludes any person who is employed as an independent
contractor. Employee shall include Leased Employees within the meaning of Code
Sections 414(n)(2) and 414(o)(2) unless such Leased Employees are covered by a
plan described in Code Section 414(n)(5) and such Leased Employees do not
constitute more than 20% of the recipient's non-highly compensated work force.

      1.14 "Employer" means Rockville Bank and any successor which shall
maintain this Plan. The Employer is a savings bank with principal offices in the
State of Connecticut. In addition, where appropriate, the term Employer shall
include any Participating Employer (as defined in Section 11.1) which shall
adopt this Plan.

      1.15 "ESOP" means an employee stock ownership plan that meets the
requirements of Code Section 4975(e)(7) and Regulation 54.4975-11.

      1.16 "Exempt Loan" means a loan made to the Plan by a disqualified person
or a loan to the Plan which is guaranteed by a disqualified person and which
satisfies the requirements of Section 2550.408b-3 of the Department of Labor
Regulations, Section 54.4975-7(b) of the Treasury Regulations and Section 5.3
hereof.

      1.17 "Fiduciary" means any person who (a) exercises any discretionary
authority or discretionary control respecting management of the Plan or
exercises any authority or control respecting management or disposition of its
assets, (b) renders investment advice for a fee or other compensation, direct or
indirect, with respect to any monies or other property of the Plan or has any
authority or responsibility to do so, or (c) has any discretionary authority or
discretionary responsibility in the administration of the Plan.

      1.18 "Fiscal Year" means the Employer's accounting year of 12 months
commencing on January 1 of each year and ending the following December 31,
except for the first Fiscal Year which commenced January .

      1.19 "Forfeiture" means that portion of a Participant's Account that is
not Vested, and occurs on the earlier of:

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                  (a) the distribution of the entire Vested portion of the
            Participant's Account of a Former Participant who has severed
            employment with the Employer. For purposes of this provision, if the
            Former Participant has a Vested benefit of zero, then such Former
            Participant shall be deemed to have received a distribution of such
            Vested benefit as of the year in which the severance of employment
            occurs, or

                  (b) the last day of the Plan Year in which a Former
            Participant who has severed employment with the Employer incurs five
            (5) consecutive 1-Year Breaks in Service.

            Regardless of the preceding provisions, if a Former Participant is
eligible to share in the allocation of Employer contributions or Forfeitures in
the year in which the Forfeiture would otherwise occur, then the Forfeiture will
not occur until the end of the first Plan Year for which the Former Participant
is not eligible to share in the allocation of Employer contributions or
Forfeitures. Furthermore, the term "Forfeiture" shall also include amounts
deemed to be Forfeitures pursuant to any other provision of this Plan.

      1.20 "Former Participant" means a person who has been a Participant, but
who has ceased to be a Participant for any reason.

      1.21 "415 Compensation" with respect to any Participant means such
Participant's wages as defined in Code Section 3401(a) and all other payments of
compensation by the Employer (in the course of the Employer's trade or business)
for a Plan Year for which the Employer is required to furnish the Participant a
written statement under Code Sections 6041(d), 6051(a)(3) and 6052. "415
Compensation" must be determined without regard to any rules under Code Section
3401(a) that limit the remuneration included in wages based on the nature or
location of the employment or the services performed (such as the exception for
agricultural labor in Code Section 3401(a)(2)).

            For purposes of this Section, the determination of "415
Compensation" shall include any elective deferral (as defined in Code Section
402(g)(3)), and any amount which is contributed or deferred by the Employer at
the election of the Participant and which is not includible in the gross income
of the Participant by reason of Code Sections 125, 132(f)(4) and 457.

      1.22 "Hour of Service" means, for purposes of eligibility for
participation and vesting, (1) each hour for which an Employee is directly or
indirectly compensated or entitled to compensation by the Employer for the
performance of duties (these hours will be credited to the Employee for the
computation period in which the duties are performed); (2) each hour for which
an Employee is directly or indirectly compensated or entitled to compensation by
the Employer (irrespective of whether the employment relationship has
terminated) for reasons other than performance of duties (such as vacation,
holidays, sickness, jury duty, disability, lay-off, military duty or leave of
absence) during the applicable computation period (these hours will be
calculated and credited pursuant to Department of Labor regulation 2530.200b-2
which is incorporated herein by reference); (3) each hour for which back pay is
awarded or agreed to by the Employer without regard to mitigation of damages
(these hours will be credited to the

                                      -4-

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Employee for the computation period or periods to which the award or agreement
pertains rather than the computation period in which the award, agreement or
payment is made). The same Hours of Service shall not be credited both under (1)
or (2), as the ease may be, and under (3).

            Notwithstanding (2) above, (i) no more than 501 Hours of Service are
required to be credited to an Employee on account of any single continuous
period during which the Employee performs no duties (whether or not such period
occurs in a single computation period); (ii) an hour for which an Employee is
directly or indirectly paid, or entitled to payment, on account of a period
during which no duties are performed is not required to be credited to the
Employee if such payment is made or due under a plan maintained solely for the
purpose of complying with applicable worker's compensation, or unemployment
compensation or disability insurance laws; and (iii) Hours of Service are not
required to be credited for a payment which solely reimburses an Employee for
medical or medically related expenses incurred by the Employee.

            For purposes of (2) above, a payment shall be deemed to be made by
or due from the Employer regardless of whether such payment is made by or due
from the Employer directly, or indirectly through, among others, a trust fund,
or insurer, to which the Employer contributes or pays premiums and regardless of
whether contributions made or due to the trust fund, insurer, or other entity
are for the benefit of particular Employees or are on behalf of a group of
Employees in the aggregate.

            For purposes of this Section, Hours of Service will be credited for
employment with other Affiliated Employers. The provisions of Department of
Labor regulations 2530.200b-2(b) and (c) are incorporated herein by reference.

      1.23 "HR Committee" means the Human Resources Committee of the Board of
Directors of the Employer.

      1.24 "Investment Manager" means an entity that (a) has the power to
manage, acquire, or dispose of Plan assets and (b) acknowledges fiduciary
responsibility to the Plan in writing. Such entity must be a person, firm, or
corporation registered as an investment adviser under the Investment Advisers
Act of 1940, a bank, or an insurance company.

      1.25 "Key Employee" means any Employee or former Employee (including any
deceased Employee) who at any time during the Plan Year that includes the
Determination Date was an officer of the Employer having annual Compensation
greater than $130,000 (as adjusted under Section 416(i)(1) of the Code for Plan
Years beginning after December 31, 2002), a 5-percent owner of the Employer, or
a 1-percent owner of the Employer having annual Compensation of more than
$150,000. For this purpose, annual Compensation means Compensation within the
meaning of Section 415(c)(3) of the Code. The determination of who is a Key
Employee will be made in accordance with Section 416(i)(1) of the Code and the
applicable regulations and other guidance of general applicability issued
thereunder.

      1.26 "Late Retirement Date" means the first day of the month coinciding
with or next following a Participant's actual Retirement Date after having
reached Normal Retirement Date.

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      1.27 "Leased Employee" means any person (other than an Employee of the
recipient Employer) who pursuant to an agreement between the recipient Employer
and any other person or entity ("leasing organization") has performed services
for the recipient (or for the recipient and related persons determined in
accordance with Code Section 414(n)(6)) on a substantially full time basis for a
period of at least one year, and such services are performed under primary
direction or control by the recipient Employer. Contributions or benefits
provided a Leased Employee by the leasing organization which are attributable to
services performed for the recipient Employer shall be treated as provided by
the recipient Employer. Furthermore, Compensation for a Leased Employee shall
only include Compensation from the leasing organization that is attributable to
services performed for the recipient Employer. A Leased Employee shall not be
considered an Employee of the recipient Employer:

                  (a) if such employee is covered by a money purchase pension
            plan providing:

                  (1) a nonintegrated employer contribution rate of at least 10%
                  of compensation, as defined in Code Section 415(e)(3);

                  (2) immediate participation;

                  (3) full and immediate vesting; and

                  (b) if Leased Employees do not constitute more than 20% of the
            recipient Employer's nonhighly compensated work force.

      1.28 "Non-Benefits Employee" means:

                  (a) Any worker who has signed all employment agreement,
            independent contractor agreement or other personal services contract
            with the Employer stating that he is not eligible to participate in
            the Plan; or

                  (b) Any worker that the Employer treats as an independent
            contractor, during the period that the worker is so treated,
            regardless of whether such worker may be determined to be an
            Employee by administrative, judicial or other decision.

      1.29 "Non-Key Employee" means any Employee or former Employee (and such
Employee's or former Employee's Beneficiaries) who is not, and has never been, a
Key Employee.

      1.30 "Normal Retirement Age" means the Participant's 65th birthday. A
Participant shall become fully Vested in the Participant's Account upon
attaining Normal Retirement Age.

      1.31 "Normal Retirement Date" means the first day of the month coinciding
with or next following the Participant's Normal Retirement Age.

      1.32 "1-Year Break in Service" means, for purposes of eligibility for
participation and vesting, the applicable computation period during which an
Employee has not completed more

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than 500 Hours of Service with the Employer. Further, solely for the purpose of
determining whether a Participant has incurred a 1-Year Break in Service, Hours
of Service shall be recognized for "authorized leaves of absence" and "maternity
and paternity leaves of absence." Years of Service and 1-Year Breaks in Service
shall be measured on the same computation period.

            "Authorized leave of absence" means an unpaid, temporary cessation
from active employment with the Employer pursuant to an established
nondiscriminatory policy, whether occasioned by illness, military service, or
any other reason.

            A "maternity or paternity leave of absence" means an absence from
work for any period by reason of the Employee's pregnancy, birth of the
Employee's child, placement of a child with the Employee in connection with the
adoption of such child, or any absence for the purpose of caring for such child
for a period immediately following such birth or placement. For this purpose,
Hours of Service shall be credited for the computation period in which the
absence from work begins, only if credit therefore is necessary to prevent the
Employee from incurring a 1-Year Break in Service, or, in any other case, in the
immediately following computation period. The Hours of Service credited for a
"maternity or paternity leave of absence" shall be those which would normally
have been credited but for such absence, or, in any case in which the
Administrator is unable to determine such hours normally credited, eight (8)
Hours of Service per day. The total Hours of Service required to be credited for
a "maternity or paternity leave of absence" shall not exceed the number of Hours
of Service needed to prevent the Employee from incurring a 1-Year Break in
Service.

      1.33 "Other Investments Account" means the account of a Participant which
is credited with such Participant's share of the net gain (or loss) of the Plan
and Employer contributions in other than Company Stock and which is debited with
payments made to pay for Company Stock.

      1.34 "Participant" means any Eligible Employee who participates in the
Plan and has not for any reason become ineligible to participate further in the
Plan.

      1.35 "Participant's Account" means the account established and maintained
by the Administrator for each Participant with respect to such Participant's
total interest in the Plan and Trust resulting from the Employer contributions.

      1.36 "Plan" means this instrument, including all amendments thereto.

      1.37 "Plan Year" means the Plan's accounting year of twelve (12) months
commencing on January 1 of each year and ending the following December 31,
except for the first Plan Year which commenced _________.

      1.38 "Regulation" means the Income Tax Regulations as promulgated by the
Secretary of the Treasury or a delegate of the Secretary of the Treasury, and as
amended from time to time.

      1.39 "Retired Participant" means a person who has been a Participant, but
who has become entitled to retirement benefits under the Plan.

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      1.40 "Retirement Date" means the dale as of which a Participant retires
for reasons other than Total and Permanent Disability, whether such retirement
occurs on a Participant's Normal Retirement Date or Late Retirement Date (see
Section 7.1).

      1.41 "Terminated Participant" means a person who has been a Participant,
but whose employment has been terminated other than by death, Total and
Permanent Disability or retirement.

      1.42 "Top Heavy Plan" means a plan described in Section 9.2(a).

      1.43 "Top Heavy Plan Year" means a Plan Year during which the Plan is a
Top Heavy Plan.

      1.44 "Total and Permanent Disability" means being in receipt of disability
benefits under the Employer's long-term disability plan..

      1.45 "Trustee" means the person or entity named as trustee herein or in
any separate trust forming a part of this Plan, and any successors.

      1.46 "Trust Fund" means the assets of the Plan and Trust as the same shall
exist from time to time.

      1.47 "Unallocated Company Stock Suspense Account" means an account
containing Company Stock acquired with the proceeds of an Exempt Loan and which
has not been released from such account and allocated to the Participants'
Company Stock Accounts.

      1.48 "Valuation Date" means the Anniversary Date and may include any other
date or dates deemed necessary or appropriate by the Administrator for the
valuation of the Participant's accounts during the Plan Year, which may include
any day that the Trustee, any transfer agent appointed by the Trustee or the
Employer or any stock exchange used by such agent, are open for business.

      1.49 "Vested" means the nonforfeitable portion of any account maintained
on behalf of a Participant.

      1.50 "Year of Service" means the computation period of twelve (12)
consecutive months, herein set forth, during which an Employee has at least 1000
Hours of Service.

            For purposes of eligibility for participation, the computation
periods shall be measured from the date on which the Employee first performs an
Hour of Service and anniversaries thereof including periods prior to the
Effective Date of the Plan. The participation computation periods beginning
after a 1-Year Break in Service shall be measured from the date on which an
Employee again performs an Hour of Service and anniversaries thereof.

            For vesting purposes, the computation periods shall be the Plan
Year, including periods prior to the Effective Date of the Plan.

            The computation period shall be the Plan Year if not otherwise set
forth herein.

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            Notwithstanding the foregoing, for any short Plan Year, the
determination of whether an Employee has completed a Year of Service shall be
made in accordance with Department of Labor regulation 2530.203-2(c).

            Years of Service with any Affiliated Employer shall be recognized.

                                   ARTICLE II
                                 ADMINISTRATION

      2.1   POWERS AND RESPONSIBILITIES OF THE HR COMMITTEE

                  (a) In addition to the general powers and responsibilities
            otherwise provided for in this Plan, the HR Committee shall be
            empowered to appoint and remove the Trustee. The HR Committee may
            appoint counsel, specialists, advisers, agents (including any
            nonfiduciary agent) and other persons as the HR Committee deems
            necessary or desirable in connection with the exercise of its
            fiduciary duties under this Plan. The HR Committee may compensate
            such agents or advisers from the assets of the Plan as fiduciary
            expenses (but not including any business (settlor) expenses of the
            HR Committee), to the extent not paid by the Employer.

                  (b) The HR Committee may, by written agreement or designation,
            appoint at its option an Investment Manager (qualified under the
            Investment Company Act of 1940 as amended), investment adviser, or
            other agent to provide direction to the Trustee with respect to any
            or all of the Plan assets. Such appointment shall be given by the HR
            Committee in writing in a form acceptable to the Trustee and shall
            specifically identify the Plan assets with respect to which the
            Investment Manager or other agent shall have authority to direct the
            investment.

                  (c) The HR Committee shall establish a "funding policy and
            method," i.e., it shall determine whether the Plan has a short run
            need for liquidity (e.g., to pay benefits) or whether liquidity is a
            long run goal and investment growth (and stability of same) is a
            more current need, or shall appoint a qualified person to do so. The
            HR Committee or its delegate shall communicate such needs and goals
            to the Trustee, who shall coordinate such Plan needs with its
            investment policy. The communication of such a "funding policy and
            method" shall not, however, constitute a directive to the Trustee as
            to the investment of the Trust Funds. Such "funding policy and
            method" shall be consistent with the objectives of this Plan and
            with the requirements of Title I of the Act.

                  (d) The HR Committee shall periodically review the performance
            of any Fiduciary or other person to whom duties have been delegated
            or allocated by it under the provisions of this Plan or pursuant to
            procedures established hereunder. This requirement may be satisfied
            by formal periodic review by the HR Committee or by a qualified
            person specifically designated by the HR

                                      -9-

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            Committee, through day-to-day conduct and evaluation, or through
            other appropriate ways.

      2.2   DESIGNATION OF ADMINISTRATIVE AUTHORITY

            The HR Committee will function as the Administrator.

      2.3   POWERS AND DUTIES OF THE ADMINISTRATOR

            The primary responsibility of the Administrator is to administer the
Plan for the exclusive benefit of the Participants and their Beneficiaries,
subject to the specific terms of the Plan. The Administrator shall administer
the Plan in accordance with its terms and shall have the power and discretion to
construe the terms of the Plan and to determine all questions arising in
connection with the administration, interpretation, and application of the Plan.
Any such determination by the Administrator shall be conclusive and binding upon
all persons. The Administrator may establish procedures, correct any defect,
supply any information, or reconcile any inconsistency in such manner and to
such extent as shall be deemed necessary or advisable to carry out the purpose
of the Plan; provided, however, that any procedure, discretionary act,
interpretation or construction shall be done in a nondiscriminatory manner based
upon uniform principles consistently applied and shall be consistent with the
intent that the Plan shall continue to be deemed a qualified plan under the
terms of Code Section 401(a), and shall comply with the terms of the Act and all
regulations issued pursuant thereto. The Administrator shall have all powers
necessary or appropriate to accomplish the Administrator's duties under the
Plan.

            The Administrator shall be charged with the duties of the general
administration of the Plan as set forth under the terms of the Plan, including,
but not limited to, the following:

                  (a) the discretion to determine all questions relating to the
            eligibility of Employees to participate or remain a Participant
            hereunder and to receive benefits under the Plan;

                  (b) to compute, certify, and direct the Trustee with respect
            to the amount and the kind of benefits to which any Participant
            shall be entitled hereunder;

                  (c) to authorize and direct the Trustee with respect to all
            nondiscretionary or otherwise directed disbursements from the Trust;

                  (d) to maintain all necessary records for the administration
            of the Plan;

                  (e) to interpret the provisions of the Plan and to make and
            publish such rules for regulation of the Plan as are consistent with
            the terms hereof;

                  (f) to determine the size and type of any Contract to be
            purchased from any insurer, and to designate the insurer from which
            such Contract shall be purchased;

                                      -10-

<PAGE>

                  (g) to compute and certify to the Trustee from time to time
            the sums of money necessary or desirable to be contributed to the
            Plan;

                  (h) to consult with the Trustee regarding the short and
            long-term liquidity needs of the Plan in order that the Trustee can
            exercise any investment discretion in a manner designed to
            accomplish specific objectives;

                  (i) to establish and communicate to Participants a procedure
            for allowing each Participant to direct the Trustee as to the
            distribution of such Participant's Company Stock Account pursuant to
            Section 4.6;

                  (j) to determine the validity of, and take appropriate action
            with respect to, any qualified domestic relations order received by
            it; and

                  (k) to assist any Participant regarding the Participant's
            rights, benefits, or elections available under the Plan.

      2.4   RECORDS AND REPORTS

            The Administrator shall keep a record of all actions taken and shall
keep all other books of account, records, policies, and other data that may be
necessary for proper administration of the Plan and shall be responsible for
supplying all information and reports to the Internal Revenue Service,
Department of Labor, Participants, Beneficiaries and others as required by law.

      2.5   APPOINTMENT OF ADVISERS

            The Administrator, or the Trustee with the consent of the
Administrator, may appoint counsel, specialists, advisers, agents (including
nonfiduciary agents) and other persons as the Administrator or the Trustee deems
necessary or desirable in connection with the administration of this Plan,
including but not limited to agents and advisers to assist with the
administration and management of the Plan, and thereby to provide, among such
other duties as the Administrator may appoint, assistance with maintaining Plan
records and the providing of investment information to the Plan's investment
fiduciaries.

      2.6   PAYMENT OF EXPENSES

            All expenses of administration may be paid out of the Trust Fund
unless paid by the Employer. Such expenses shall include any expenses incident
to the functioning of the Administrator, or any person or persons retained or
appointed by any Named Fiduciary incident to the exercise of their duties under
the Plan, including, but not limited to, fees of accountants, counsel,
Investment Managers, and other specialists and their agents, the costs of any
bonds required pursuant to Act Section 412, and other costs of administering the
Plan. Until paid, the expenses shall constitute a liability of the Trust Fund.

            Anything in this Section 2.6 to the contrary notwithstanding, the
Participant's Account of any former Employee who defers receipt of his benefits
as provided under Section 7.5(b), any alternate payee pursuant to a qualified
domestic relations order as provided in Section

                                      -11-

<PAGE>

7.10 and any Beneficiary entitled to a distribution as provided in Section 7.2
shall be charged a pro-rata share of the Plan's reasonable administrative
expenses regardless of whether such expenses are charged to the Participant's
Accounts of Employees.

      2.7   MAJORITY ACTIONS

            Except where there has been an allocation and delegation of
administrative authority pursuant to Section 2.3, the HR Committee shall act by
a majority of their number, but may authorize one or more of them to sign all
papers on their behalf.

      2.8   CLAIMS PROCEDURE

      Claims for benefits under the Plan may be filed in writing with the
Administrator. Written or electronic notice of the disposition of a claim shall
be furnished to the claimant within 90 days after the application is filed (or
within 180 days if special circumstances require an extension of time for
processing the claim and if notice of such extension and circumstances is
provided to the claimant within the initial 90-day period). In the event the
claim is denied, the reasons for the denial shall be specifically set forth in
the notice 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 perfect the claim will be provided. In addition, the
claimant shall be furnished with an explanation of the Plan's claims review
procedures and the time limits applicable to such procedures, including a
statement that the claimant has a right to bring a civil action under Section
502(a) of ERISA following an adverse benefit determination on review."

      2.9   CLAIMS REVIEW PROCEDURE

            Any Employee, former Employee, or Beneficiary or authorized
representative of either, who has been denied a benefit by a decision of the
Administrator pursuant to Section 2.10 shall be entitled to request a review of
the denied claim. The claimant may submit a written request for review to the
Administrator no later than 60 days after the date on which such denial is
received by such claimant. The claimant may submit written comments, documents,
records and other information relating to the claim, including requesting a
hearing, to the Administrator. The claim for review shall be given a full and
fair review that takes into account all comments, documents, records and other
information submitted that relates to the claim, without regard to whether such
information was submitted or considered in the initial benefit determination.
The Administrator shall provide the claimant with written or electronic notice
of the decision on review within 60 days after the request for review is
received by the Administrator (or within 120 days if special circumstances
require an extension of time for processing the claim and if notice of such
extension and circumstances is provided to the claimant within the initial
60-day period). Such communication shall be written in a manner calculated to be
understood by the claimant and shall include specific reasons for the decision,
specific references to the pertinent Plan provisions on which the decision is
based, a statement that the claimant has a right to bring a civil action under
Section 502(a) of ERISA and that the claimant is entitled to receive, upon
request and free of charge, reasonable access to and copies of, all documents,
records and other information relevant to the claim for benefits. A document is
relevant to the claim for benefits if it was relied upon in making the
determination, was submitted, considered or generated in the

                                      -12-

<PAGE>

course of making the determination or demonstrates that benefit determinations
are made in accordance with the Plan and that Plan provisions have been applied
consistently with respect to similarly situated claimants. A Participant must
appeal a denied claim in accordance with these procedures before the Participant
is permitted to bring a civil action for benefits.

                                  ARTICLE III
                                  ELIGIBILITY

      3.1   CONDITIONS OF ELIGIBILITY

            Any Eligible Employee who has completed at least 1000 Hours of
Service in a completed period of 6 to 12 consecutive calendar months and has
attained age 21 shall be eligible to participate hereunder as of the date such
Employee has satisfied such requirements.

      3.2   EFFECTIVE DATE OF PARTICIPATION

            An Eligible Employee shall become a Participant effective as of the
first day of the Plan Year quarter coinciding with or next following the date
such Employee met the eligibility requirements of Section 3.1, provided said
Employee was still employed as of such date (or if not employed on such date, as
of the date of rehire if a 1-Year Break in Service has not occurred or, if
later, the date that the Employee would have otherwise entered the Plan had the
Employee not terminated employment).

            If an Employee, who has satisfied the Plan's eligibility
requirements and would otherwise have become a Participant, shall go from a
classification of a noneligible Employee to an Eligible Employee, such Employee
shall become a Participant on the date such Employee becomes an Eligible
Employee or, if later, the date that the Employee would have otherwise entered
the Plan had the Employee always been an Eligible Employee.

            If an Employee, who has satisfied the Plan's eligibility
requirements and would otherwise become a Participant, shall go from a
classification of an Eligible Employee to a noneligible class of Employees, such
Employee shall become a Participant in the Plan on the date such Employee again
becomes an Eligible Employee, or, if later, the date that the Employee would
have otherwise entered the Plan had the Employee always been an Eligible
Employee. However, if such Employee incurs a 1-Year Break in Service,
eligibility will be determined under the Break in Service rules set forth in
Section 3.7.

      3.3   DETERMINATION OF ELIGIBILITY

            The Administrator shall determine the eligibility of each Employee
for participation in the Plan based upon information furnished by the Employer.
Such determination shall be conclusive and binding upon all persons, as long as
the same is made pursuant to the Plan and the Act. Such determination shall be
subject to review pursuant to Section 2.9.

      3.4   TERMINATION OF ELIGIBILITY

            In the event a Participant shall go from a classification of an
Eligible Employee to an ineligible Employee, such Former Participant shall
continue to vest in the Plan for each Year

                                      -13-

<PAGE>

of Service completed while a noneligible Employee, until such time as the
Participant's Account shall be forfeited or distributed pursuant to the terms of
the Plan. Additionally, the Former Participant's interest in the Plan shall
continue to share in the earnings of the Trust Fund.

      3.5   OMISSION OF ELIGIBLE EMPLOYEE

            If, in any Plan Year, any Employee who should be included as a
Participant in the Plan is erroneously omitted and discovery of such omission is
not made until after a contribution by the Employer for the year has been made
and allocated, then the Employer shall make a subsequent contribution, if
necessary after the application of Section 4.3(f), so that the omitted Employee
receives a total amount which the Employee would have received (including both
Employer contributions and earnings thereon) had the Employee not been omitted.
Such contribution shall be made regardless of whether it is deductible in whole
or in part in any taxable year under applicable provisions of the Code.

      3.6   INCLUSION OF INELIGIBLE EMPLOYEE

            If, in any Plan Year, any person who should not have been included
as a Participant in the Plan is erroneously included and discovery of such
inclusion is not made until after a contribution for the year has been made and
allocated, the Employer shall be entitled to recover the contribution made with
respect to the ineligible person provided the error is discovered within twelve
(12) months of the date on which it was made. Otherwise, the amount contributed
with respect to the ineligible person shall constitute a Forfeiture for the Plan
Year in which the discovery is made.

      3.7   REHIRED EMPLOYEES AND BREAKS IN SERVICE

                  (a) If any Participant becomes a Former Participant due to
            severance from employment with the Employer and is reemployed by the
            Employer before a 1-Year Break in Service occurs, the Former
            Participant shall become a Participant as of the reemployment date.

                  (b) If any Participant becomes a Former Participant due to
            severance from employment with the Employer and is reemployed after
            a 1-Year Break in Service has occurred, Years of Service shall
            include Years of Service prior to the 1-Year Break in Service
            subject to the following rules:

                  (1) In the case of a Former Participant who under the Plan
                  does not have a nonforfeitable right to any interest in the
                  Plan resulting from Employer contributions, Years of Service
                  before a period of 1-Year Break in Service will not be taken
                  into account if the number of consecutive 1-Year Breaks in
                  Service equal or exceed the greater of (A) five (5) or (B) the
                  aggregate number of pre-break Years of Service. Such aggregate
                  number of Years of Service will not include any Years of
                  Service disregarded under the preceding sentence by reason of
                  prior 1-Year Breaks in Service.

                                      -14-

<PAGE>

                  (2) A Former Participant who has not had Years of Service
                  before a 1-Year Break in Service disregarded pursuant to (I)
                  above, shall participate in the Plan as of the date of
                  reemployment.

                  (c) After a Former Participant who has severed employment with
            the Employer incurs five (5) consecutive 1-Year Breaks in Service,
            the Vested portion of said Former Participant's Account attributable
            to pre-break service shall not be increased as a result of
            post-break service. In such case, separate accounts will be
            maintained as follows:

                  (1) one account for nonforfeitable benefits attributable to
                  pre-break service; and

                  (2) one account representing the Participant's Employer
                  derived account balance in the Plan attributable to post-break
                  service.

                  (d) If any Participant becomes a Former Participant due to
            severance of employment with the Employer and is reemployed by the
            Employer before five (5) consecutive 1-Year Breaks in Service, and
            such Former Participant had received a distribution of the entire
            Vested interest prior to reemployment, then the forfeited account
            shall be reinstated only if the Former Participant repays the full
            amount which had been distributed. Such repayment must be made
            before the earlier of five (5) years after the first date on which
            the Participant is subsequently reemployed by the Employer or the
            close of the first period of five (5) consecutive I-Year Breaks in
            Service commencing after the distribution. If a distribution occurs
            for any reason other than a severance of employment, the time for
            repayment may not end earlier than five (5) years after the date of
            distribution. In the event the Former Participant does repay the
            full amount distributed, the undistributed forfeited portion of the
            Participant's Account must be restored in full, unadjusted by any
            gains or losses occurring subsequent to the Valuation Date preceding
            the distribution. The source for such reinstatement may be
            Forfeitures occurring during the Plan Year. If such source is
            insufficient, then the Employer will contribute an amount which is
            sufficient to restore any such forfeited Accounts provided, however,
            that if a discretionary contribution is made for such year, such
            contribution shall first be applied to restore any such Accounts and
            the remainder shall be allocated in accordance with Section 4.3.

                  If a non-Vested Former Participant was deemed to have received
a distribution and such Former Participant is reemployed by the Employer before
five (5) consecutive 1-Year Breaks in Service, then such Participant will be
deemed to have repaid the deemed distribution as of the date of reemployment.

      3.8   ELECTION NOT TO PARTICIPATE

            An Employee may, subject to the approval of the Employer, elect
voluntarily not to participate in the Plan. The election not to participate must
be communicated to the Employer, in writing, within a reasonable period of time
before the beginning of a Plan Year.

                                      -15-

<PAGE>

                                   ARTICLE IV
                           CONTRIBUTION AND ALLOCATION

      4.1   FORMULA FOR DETERMINING EMPLOYER CONTRIBUTION

                  (a) For each Plan Year, the Employer shall contribute to the
            Plan such amount as shall be determined by the Employer.

                  (b) The Employer contribution shall not be limited to years in
            which the Employer has current or accumulated net profit.
            Additionally, to the extent necessary, the Employer shall contribute
            to the Plan the amount necessary to provide the top heavy minimum
            contribution. All contributions by the Employer shall be made in
            cash or in such property as is acceptable to the Trustee.

      4.2   TIME OF PAYMENT OF EMPLOYER CONTRIBUTION

            The Employer may make its contribution to the Plan for a particular
Plan Year at such time as the Employer, in its sole discretion, determines. If
the Employer makes a contribution for a particular Plan Year after the close of
that Plan Year, the Employer will designate to the Trustee the Plan Year for
which the Employer is making its contribution.

      4.3   ALLOCATION OF CONTRIBUTION, FORFEITURES AND EARNINGS

                  (a) The Administrator shall establish and maintain an account
            in the name of each Participant to which the Administrator shall
            credit as of each Anniversary Date, or other Valuation Date, all
            amounts allocated to each such Participant as set forth herein.

                  (b) The Employer shall provide the Administrator with all
            information required by the Administrator to make a proper
            allocation of the Employer contribution for each Plan Year. Within a
            reasonable period of time after the date of receipt by the
            Administrator of such information, the Administrator shall allocate
            such contribution to each Participant's Account in the same
            proportion that each such Participant's Compensation for the year
            bears to the total Compensation of all Participants for such year.

                  Only Participants who are actively employed on the last day of
            the Plan Year or who complete more than 500 Hours of Service during
            the Plan Year prior to terminating employment shall be eligible to
            share in the discretionary contribution for the year. In determining
            whether a Participant has completed more than 500 Hours of Service
            during a short Plan Year, the number of the Hours of Service
            required shall be proportionately reduced based on the number of
            full months in the short Plan Year.

                  (c) The Company Stock Account of each Participant shall be
            credited as of each Anniversary Date with the Participant's
            allocable share of Company Stock (including fractional shares)
            purchased and paid for by the Plan or contributed in kind by the
            Employer. Stock dividends on Company Stock held in

                                      -16-

<PAGE>

            the Participant's Company Stock Account shall be credited to the
            Participant's Company Stock Account when paid to the Plan. Cash
            dividends on Company Stock held in the Participant's Company Stock
            Account shall, in the sole discretion of the Administrator, be: (i)
            paid in cash to the Participant; (ii) paid to the Plan and
            distributed in cash to the Participant not later than 90 days after
            the close of the Plan Year in which paid; (iii) at the Participant's
            election, paid pursuant to (i) or (ii) or paid to the Plan and
            reinvested in Company Stock; (iv) used to make payments on an Exempt
            Loan; or (v) credited to the Participant's Other Investments Account
            when paid to the Plan; provided, however, that when cash dividends
            are used to repay an Exempt Loan, Company Stock shall be released
            from the Unallocated Company Stock Suspense Account and allocated to
            the Participant's Company Stock Account pursuant to Section 4.3(e)
            and, provided further, that Company Stock allocated to the
            Participant's Company Stock Account shall have a fair market value
            not less than the amount of cash dividends which would have been
            allocated to such Participant's Other Investments Account for the
            year.

                  Company Stock acquired by the Plan with the proceeds of an
            Exempt Loan shall only be allocated to each Participant's Company
            Stock Account upon release from the Unallocated Company Stock
            Suspense Account as provided in Section 4.3(e) herein. Company Stock
            acquired with the proceeds of an Exempt Loan shall be an asset of
            the Trust Fund and maintained in the Unallocated Company Stock
            Suspense Account.

                  (d) As of each Valuation Date, before allocation of Employer
            contributions for the entire Plan Year, any earnings or losses (net
            appreciation or net depreciation) of the Trust Fund shall be
            allocated in the same proportion that each Participant's and Former
            Participant's nonsegregated accounts (other than each Participant's
            Company Stock Account) bear to the total of all Participants' and
            Former Participants' nonsegregated accounts (other than each
            Participant's Company Stock Account) as of such date.

                  Earnings or losses do not include the interest paid under any
            installment contract for the purchase of Company Stock by the Trust
            Fund or on any loan used by the Trust Fund to purchase Company
            Stock, nor does it include income received by the Trust Fund with
            respect to Company Stock acquired with the proceeds of an Exempt
            Loan; all income received by the Trust Fund from Company Stock
            acquired with the proceeds of an Exempt Loan may, at the discretion
            of the Administrator, be used to repay such loan.

                  (e) All Company Stock acquired by the Plan with the proceeds
            of an Exempt Loan must be added to and maintained in the Unallocated
            Company Stock Suspense Account. Such Company Stock shall be released
            and withdrawn from that account as if all Company Stock in that
            account were encumbered. For each Plan Year during the duration of
            the loan, the number of shares of Company Stock released shall equal
            the number of encumbered shares held immediately before release for
            the current Plan Year multiplied by a fraction, the numerator of

                                      -17-

<PAGE>

            which is the amount of principal and interest paid for the Plan Year
            and the denominator of which is the sum of the numerator plus the
            principal and interest to be paid for all future Plan Years. As of
            each Anniversary Date, the Plan must consistently allocate to each
            Participant's Account, in the same manner as Employer discretionary
            contributions pursuant to Section 4.1(a) are allocated, non-monetary
            units (shares and fractional shares of Company Stock) representing
            each Participant's interest in Company Stock withdrawn from the
            Unallocated Company Stock Suspense Account. However, Company Stock
            released from the Unallocated Company Stock Suspense Account with
            cash dividends pursuant to Section 4.3(c) shall be allocated to each
            Participant's Company Stock Account in the same proportion that each
            such Participant's number of shares of Company Stock sharing in such
            cash dividends bears to the total number of shares of all
            Participant's Company Stock sharing in such cash dividends. Income
            earned with respect to Company Stock in the Unallocated Company
            Stock Suspense Account shall be used, at the discretion of the
            Administrator, to repay the Exempt Loan used to purchase such
            Company Stock. Company Stock released from the Unallocated Company
            Stock Suspense Account with such income, and any income which is not
            so used, shall be allocated as of each Anniversary Date in the same
            proportion that each Participant's and Former Participant's
            nonsegregated accounts after the allocation of any earnings or
            losses pursuant to Section 4.3(d) bear to the total of all
            Participants' and Fortner Participants' nonsegregated accounts after
            the allocation of any earnings or losses pursuant to Section 4.3(d).

                  (f) On or before each Anniversary Date any amounts which
            became Forfeitures since the last Anniversary Date may be made
            available to reinstate previously forfeited account balances of
            Former Participants, if any, in accordance with Section 3.7(d), be
            used to satisfy any contribution that may be required pursuant to
            Section 3.5 and/or 7.8, or used to pay any administrative expenses
            of the Plan. The remaining Forfeitures, if any, shall be used to
            reduce the contribution of the Employer hereunder for the Plan Year
            in which such Forfeitures occur.

                  (g) For any Top Heavy Plan Year, Non-Key Employees not
            otherwise eligible to share in the allocation of contributions as
            provided above, shall receive the minimum allocation provided for in
            Section 4.3(i) if eligible pursuant to the provisions of Section
            4.3(k).

                  (h) Notwithstanding the foregoing, Participants who are not
            actively employed on the last day of the Plan Year due to Retirement
            (Normal or Late), Total and Permanent Disability or death shall
            share in the allocation of contributions for that Plan Year.

                  (i) Minimum Allocations Required for Top Heavy Plan Years:
            Notwithstanding the foregoing, for any Top Heavy Plan Year, the sum
            of the Employer contributions allocated to the Participant's Account
            of each Non-Key Employee shall be equal to at least three percent
            (3%) of such Non-Key Employee's "415 Compensation" (reduced by
            contributions and forfeitures, if

                                      -18-

<PAGE>

            any, allocated to each Non-Key Employee in any defined contribution
            plan included with this Plan in a Required Aggregation Group).
            However, if (1) the sum of the Employer contributions allocated to
            the Participant's Account of each Key Employee for such Top Heavy
            Plan Year is less than three percent (3%) of each Key Employee's
            "415 Compensation" and (2) this Plan is not required to be included
            in an Aggregation Group to enable a defined benefit plan to meet the
            requirements of Code Section 401(a)(4) or 410, the sum of the
            Employer contributions allocated to the Participant's Account of
            each Non-Key Employee shall be equal to the largest percentage
            allocated to the Participant's Account of any Key Employee.

                  However, no such minimum allocation shall be required in this
            Plan for any Non-Key Employee who participates in another defined
            contribution plan subject to Code Section 412 included with this
            Plan in a Required Aggregation Group.

                  (j) For purposes of the minimum allocations set forth above,
            the percentage allocated to the Participant's Account of any Key
            Employee shall be equal to the ratio of the sum of the Employer
            contributions allocated on behalf of such Key Employee divided by
            the "415 Compensation" for such Key Employee.

                  (k) For any Top Heavy Plan Year, the minimum allocations set
            forth above shall be allocated to the Participant's Account of all
            Non-Key Employees who are Participants and who are employed by the
            Employer on the last day of the Plan Year, including Non-Key
            Employees who have (I) failed to complete a Year of Service; and (2)
            declined to make mandatory contributions (if required) to the Plan.
            Employer matching contributions, if any, shall be taken into account
            for purposes of satisfying the minimum contribution requirements of
            Section 416(c)(2) of the Code and the Plan.

                  (l) In lieu of the above, in any Plan Year in which a Non-Key
            Employee is a Participant in both this Plan and a defined benefit
            pension plan included in a Required Aggregation Group which is top
            heavy, the Employer shall provide such Non-Key Employee with the
            full separate defined benefit plan minimum.

                  Therefore, for any Plan Year when the Plan is a Top Heavy
            Plan, a Non-Key Employee who is participating in this Plan and a
            defined benefit plan maintained by the Employer shall receive a
            minimum monthly accrued benefit in the defined benefit plan equal to
            the product of (1) one-twelfth (1/12th) of "415 Compensation"
            averaged over the five (5) consecutive "limitation years" (or actual
            "limitation years," if less) which produce the highest average and
            (2) the lesser of (i) two percent (2%) multiplied by years of
            service when the plan is top heavy or (ii) twenty percent (20%).

                  (m) For the purposes of this Section, "415 Compensation" in
            excess of $210,000 (or such other amount provided in the Code) shall
            be disregarded. Such

                                      -19-

<PAGE>

            amount shall be adjusted for increases in the cost of living in
            accordance with Code Section 401(a)(17)(B), except that the dollar
            increase in effect on January 1 of any calendar year shall be
            effective for the Plan Year beginning with or within such calendar
            year. If "415 Compensation" for any prior determination period is
            taken into account in determining a Participant's minimum benefit
            for the current Plan Year, the "415 Compensation" for such
            determination period is subject to the applicable annual "415
            Compensation" limit in effect for that prior period. For any short
            Plan Year the "415 Compensation" limit shall be an amount equal to
            the "415 Compensation" limit for the calendar year in which the Plan
            Year begins multiplied by the ratio obtained by dividing the number
            of full months in the short Plan Year by twelve (12).

                  (n) Notwithstanding anything in this Section to the contrary,
            all information necessary to properly reflect a given transaction
            may not be available until after the date specified herein for
            processing such transaction, in which case the transaction will be
            reflected when such information is received and processed. Subject
            to express limits that maybe imposed under the Code, the processing
            of any contribution, distribution or other transaction may be
            delayed for any legitimate business reason (including, but not
            limited to, failure of systems or computer programs, failure of the
            means of the transmission of data, force majeure, the failure of a
            service provider to timely receive values or prices, and the
            correction for errors or omissions or the errors or omissions of any
            service provider). The processing date of a transaction will be
            binding for all purposes of the Plan.

      4.4   MAXIMUM ANNUAL ADDITIONS

                  (a) Notwithstanding the foregoing, the maximum "annual
            additions" credited to a Participant's accounts for any "limitation
            year" shall equal the lesser of (1) $40,000 adjusted annually as
            provided in Code Section 415(d), or (2) one hundred percent (100%)
            of the Participant's "415 Compensation" for such "limitation year."
            The 415 Compensation limit referred to in (2) shall not apply to any
            contribution for medical benefits after separation from service
            (within the meaning of Section 401(h) or Section 419(A)(F)(2) of the
            Code) which is otherwise treated as an annual addition. If the
            Employer contribution that would otherwise be contributed or
            allocated to the Participant's accounts would cause the "annual
            additions" for the "limitation year" to exceed the maximum "annual
            additions," the amount contributed or allocated will be reduced so
            that the "annual additions" for the "limitation year" will equal the
            maximum "annual additions," and any amount in excess of the maximum
            "annual additions," which would have been allocated to such
            Participant may be allocated to other Participants. For any short
            "limitation year," the dollar limitation in (1) above shall be
            reduced by a fraction, the numerator of which is the number of full
            months in the short "limitation year" and the denominator of which
            is twelve (12).

                  (b) For purposes of applying the limitations of Code Section
            415, "annual additions" means the sum credited to a Participant's
            accounts for any

                                      -20-

<PAGE>

            "limitation year" of (1) Employer contributions, (2) Employee
            contributions, (3) forfeitures, (4) amounts allocated, after March
            31, 1984, to an individual medical account, as defined in Code
            Section 415(1)(1) which is part of a pension or annuity plan
            maintained by the Employer and (5) amounts derived from
            contributions paid or accrued after December 31, 1985, in taxable
            years ending after such date, which are attributable to
            post-retirement medical benefits allocated to the separate account
            of a key employee (as defined in Code Section 419A(d)(3)) under a
            welfare benefit plan (as defined in Code Section 419(e)) maintained
            by the Employer.

                  (c) For purposes of applying the limitations of Code Section
            415, the following are not "annual additions": (1) the transfer of
            funds from one qualified plan to another and (2) provided no more
            than one-third of the Employer contributions for the year are
            allocated to Highly Compensated Participants, Forfeitures of Company
            Stock purchased with the proceeds of an Exempt Loan and Employer
            contributions applied to the payment of interest on an Exempt Loan.
            In addition, the following are not Employee contributions for the
            purposes of Section 4.4(b): (1) rollover contributions (as defined
            in Code Sections 402(a)(5), 403(a)(4), 403(b)(8) and 408(d)(3)); (2)
            repayments of loans made to a Participant from the Plan; (3)
            repayments of distributions received by an Employee pursuant to Code
            Section 41l(a)(7)(B) (cash-outs); (4) repayments of distributions
            received by an Employee pursuant to Code Section 411(a)(3)(D)
            (mandatory contributions); and (5) Employee contributions to a
            simplified employee pension excludable from gross income under Code
            Section 408(k)(6).

                  (d) For purposes of applying the limitations of Code Section
            415, the "limitation year" shall be the Plan Year.

                  (e) For the purpose of this Section, all qualified defined
            benefit plans (whether terminated or not) ever maintained by the
            Employer shall be treated as one defined benefit plan, and all
            qualified defined contribution plans (whether terminated or not)
            ever maintained by the Employer shall be treated as one defined
            contribution plan.

                  (f) For the purpose of this Section, if the Employer is a
            member of a controlled group of corporations, trades or businesses
            under common control (as defined by Code Section 1563(a) or Code
            Section 414(6) and (c) as modified by Code Section 415(h)), is a
            member of an affiliated service group (as defined by Code Section
            414(m)), or is a member of a group of entities required to be
            aggregated pursuant to Regulations under Code Section 414(o), all
            Employees of such Employers shall be considered to be employed by a
            single Employer.

                  (g) If a Participant participates in more than one defined
            contribution plan maintained by the Employer which have different
            Anniversary Dates, the maximum "annual additions" under this Plan
            shall equal the maximum "annual additions" for the "limitation year"
            minus any "annual additions" previously credited to such
            Participant's accounts during the "limitation year."

                                      -21-

<PAGE>

                  (1) If a Participant participates in both a defined
                  contribution plan subject to Code Section 412 and a defined
                  contribution plan not subject to Code Section 412 maintained
                  by the Employer which have the same Anniversary Date, "annual
                  additions" will be credited to the Participant's accounts
                  under the defined contribution plan subject to Code Section
                  412 prior to crediting "annual additions" to the Participant's
                  accounts under the defined contribution plan not subject to
                  Code Section 412.

                  (2) if a Participant participates in more than one defined
                  contribution plan not subject to Code Section 412 maintained
                  by the Employer which have the same Anniversary Date, the
                  maximum "annual additions" under this Plan shall equal the
                  product of (A) the maximum "annual additions" for the
                  "limitation year" minus any "annual additions" previously
                  credited under subparagraphs (1) or (2) above, multiplied by
                  (B) a fraction (i) the numerator of which is the "annual
                  additions" which would be credited to such Participant's
                  accounts under this Plan without regard to the limitations of
                  Code Section 415 and (ii) the denominator of which is such
                  "annual additions" for all plans described in this
                  subparagraph.

                  (h) Notwithstanding anything contained in this Section to the
            contrary, the limitations, adjustments and other requirements
            prescribed in this Section shall at all times comply with the
            provisions of Code Section 415 and the Regulations thereunder.

      4.5   ADJUSTMENT FOR EXCESSIVE ANNUAL ADDITIONS

                  (a) If, as a result of a reasonable error in estimating a
            Participant's Compensation, a reasonable error in determining the
            amount of elective deferrals (within the meaning of Code Section
            402(g)(3)) that may be made with respect to any Participant under
            the limits of Section 4.4 or other facts and circumstances to which
            Regulation 1.415-6(b)(6) shall be applicable, the "annual additions"
            under this Plan would cause the maximum "annual additions" to be
            exceeded for any Participant, the "excess amount" will be disposed
            of in one of the following manners, as uniformly determined by the
            Administrator for all Participants similarly situated.

                  (1) If the Participant is covered by the Plan at the end of
                  the "limitation year," the "excess amount" will be used to
                  reduce the Employer contribution for such Participant in the
                  next "limitation year," and each succeeding "limitation year"
                  if necessary;

                  (2) If, after the application of subparagraph (1) above, an
                  "excess amount" still exists, and the Participant is not
                  covered by the Plan at the end of the "limitation year," the
                  "excess amount" will be held unallocated in a "Section 415
                  suspense account." The "Section 415 suspense account" will be
                  applied to reduce future Employer contributions for all
                  remaining

                                      -22-

<PAGE>

                  Participants in the next "limitation year," and each
                  succeeding "limitation year" if necessary;

                  (3) If a "Section 415 suspense account" is in existence at any
                  time during the "limitation year" pursuant to this Section, it
                  will not participate in the allocation of investment gains and
                  losses of the Trust Fund. If a "Section 415 suspense account"
                  is in existence at any time during a particular "limitation
                  year," all amounts in the "Section 415 suspense account" must
                  be allocated and reallocated to Participants' accounts before
                  any Employer contributions or any Employee contributions may
                  be made to the Plan for that "limitation year." "Excess
                  amounts" may not be distributed to Participants or Former
                  Participants.

                  (b) For purposes of this Article, "excess amount" for any
            Participant for a "limitation year" shall mean the excess, if any,
            of (1) the "annual additions" which would be credited to the
            Participant's account under the terms of the Plan without regard to
            the limitations of Code Section 415 over (2) the maximum "annual
            additions" determined pursuant to Section 4.4.

                  (c) For purposes of this Section, "Section 415 suspense
            account" shall mean an unallocated account equal to the sum of
            "excess amounts" for all Participants in the Plan during the
            "limitation year."

      4.6   DIRECTED INVESTMENT ACCOUNT

                  (a) Each "Qualified Participant" may elect within ninety (90)
            days after the close of each Plan Year during the "Qualified
            Election Period" to direct the Trustee in writing as to the
            distribution in cash and/or Company Stock of 25 percent of the total
            number of shares of Company Stock acquired by or contributed to the
            Plan that have ever been allocated to such "Qualified Participant's"
            Company Stock Account (reduced by the number of shares of Company
            Stock previously distributed in cash and/or Company Stock pursuant
            to a prior election). In the case of the election year in which the
            last election can be made by the Participant, the preceding sentence
            shall be applied by substituting "50 percent" for "25 percent." If
            the "Qualified Participant" elects to direct the Trustee as to the
            distribution of the Participant's Company Stock Account, such
            direction shall be effective no later than 180 days after the close
            of the Plan Year to which such direction applies.

                  Notwithstanding the above, if the fair market value
            (determined pursuant to Section 6.1 at the Plan Valuation Date
            immediately preceding the first day on which a "Qualified
            Participant" is eligible to make an election) of Company Stock
            acquired by or contributed to the Plan and allocated to a "Qualified
            Participant's" Company Stock Account is $500 or less, then such
            Company Stock shall not be subject to this paragraph. For purposes
            of determining whether the fair market value exceeds $500, Company
            Stock held in accounts of all employee stock ownership plans (as
            defined in Code Section 4975(e)(7)) and tax credit employee

                                      -23-
<PAGE>

            stock ownership plans (as defined in Code Section 409(a))
            maintained by the Employer or any Affiliated Employer shall be
            considered as held by the Plan.

                  (b) For the purposes of this Section the following definitions
            shall apply:

                  (1) "Qualified Participant" means any Participant or Former
                  Participant who has completed ten (10) Years of Service as a
                  Participant and has attained age 55.

                  (2) "Qualified Election Period" means the six (6) Plan Year
                  period beginning with the first Plan Year in which the
                  Participant first became a "Qualified Participant."

      4.7   QUALIFIED MILITARY SERVICE

            Notwithstanding any provision of this Plan to the contrary,
contributions, benefits and service will be provided in accordance with Code
Section 414(u).

                                    ARTICLE V
                          FUNDING AND INVESTMENT POLICY

      5.1   INVESTMENT POLICY

                  (a) The Plan is designed to invest primarily in Company Stock.

                  (b) With due regard to subparagraph (a) above, the
            Administrator may also direct the Trustee to invest funds under the
            Plan in other property described in the Trust or in life insurance
            policies to the extent permitted by subparagraph (c) below, or the
            Trustee may hold such funds in cash or cash equivalents.

                  (c) With due regard to subparagraph (a) above, the
            Administrator may also direct the Trustee to invest funds under the
            Plan in insurance policies on the life of any "keyman" Employee. The
            proceeds of a "keyman" insurance policy may not be used for the
            repayment of any indebtedness owed by the Plan which is secured by
            Company Stock. In the event any "keyman" insurance is purchased by
            the Trustee, the premiums paid thereon during any Plan Year, net of
            any policy dividends and increases in cash surrender values, shall
            be treated as the cost of Plan investment and any death benefit or
            cash surrender value received shall be treated as proceeds from an
            investment of the Plan.

                  (d) The Plan may not obligate itself to acquire Company Stock
            from a particular holder thereof at an indefinite time determined
            upon the happening of an event such as the death of the holder.

                  (e) The Plan may not obligate itself to acquire Company Stock
            under a put option binding upon the Plan. However, at the time a put
            option is exercised,

                                      -24-
<PAGE>

            the Plan may be given an option to assume the rights and obligations
            of the Employer under a put option binding upon the Employer.

                  (f) All purchases of Company Stock shall be made at a price
            which, in the judgment of the Administrator, does not exceed the
            fair market value thereof. All sales of Company Stock shall be made
            at a price which, in the judgment of the Administrator, is not less
            than the fair market value thereof. The valuation rules set forth in
            Article VI shall be applicable.

      5.2   APPLICATION OF CASH

            Employer contributions in cash, and any earnings on such
contributions, shall first be applied to pay any Current Obligations of the
Trust Fund.

      5.3   LOANS TO THE TRUST

                  (a) The Plan may borrow money for any lawful purpose, provided
            the proceeds of an Exempt Loan are used within a reasonable time
            after receipt only for any or all of the following purposes:

                  (1) To acquire Company Stock.

                  (2) To repay such loan.

                  (3) To repay a prior Exempt Loan.

                  (b) All loans to the Trust which are made or guaranteed by a
            disqualified person must satisfy all requirements applicable to
            Exempt Loans including but not limited to the following:

                  (1) The loan must be at a reasonable rate of interest;

                  (2) Any collateral pledged to the creditor by the Plan shall
                  consist only of the Company Stock purchased with the borrowed
                  funds;

                  (3) Under the terms of the loan, any pledge of Company Stock
                  shall provide for the release of shares so pledged on a
                  pro-rata basis pursuant to Section 4.3(e);

                  (4) Under the terms of the loan, the creditor shall have no
                  recourse against the Plan except with respect to such
                  collateral, earnings attributable to such collateral, Employer
                  contributions (other than contributions of Company Stock) that
                  are made to meet Current Obligations and earnings attributable
                  to such contributions;

                  (5) The loan must be for a specific term and may not be
                  payable at the demand of any person, except in the case of
                  default;

                                      -25-
<PAGE>

                  (6) In the event of default upon an Exempt Loan, the value of
                  the Trust Fund transferred in satisfaction of the Exempt Loan
                  shall not exceed the amount of default. If the lender is a
                  disqualified person, an Exempt Loan shall provide for a
                  transfer of Trust Funds upon default only upon and to the
                  extent of the failure of the Plan to meet the payment schedule
                  of the Exempt Loan;

                  (7) Exempt Loan payments during a Plan Year must not exceed an
                  amount equal to: (A) the sum, over all Plan Years, of all
                  contributions and cash dividends paid by the Employer to the
                  Plan with respect to such Exempt Loan and earnings on such
                  Employer contributions and cash dividends, less (B) the sum of
                  the Exempt Loan payments in all preceding Plan Years. A
                  separate accounting shall be maintained for such Employer
                  contributions, cash dividends and earnings until the Exempt
                  Loan is repaid.

                  (c) For purposes of this Section, the term "disqualified
            person" means a person who is a Fiduciary, a person providing
            services to the Plan, an Employer any of whose Employees are covered
            by the Plan, an employee organization any of whose members are
            covered by the Plan, an owner, direct or indirect, of 50% or more of
            the total combined voting power of all classes of voting stock or of
            the total value of all classes of the stock, or an officer,
            director, 10% or more shareholder, or a highly compensated Employee.

                                   ARTICLE VI
                                   VALUATIONS

      6.1   VALUATION OF THE TRUST FUND

            The Administrator shall direct the Trustee, as of each Valuation
Date, to determine the net worth of the assets comprising the Trust Fund as it
exists on the Valuation Date. In determining such net worth, the Trustee shall
value the assets comprising the Trust Fund at their fair market value (or their
contractual value in the case of a Contract or Policy) as of the Valuation Date
and shall deduct all expenses for which the Trustee has not yet obtained
reimbursement from the Employer or the Trust Fund.

      6.2   METHOD OF VALUATION

            Valuations must be made in good faith and based on all relevant
factors for determining the fair market value of securities. In the case of a
transaction between a Plan and a disqualified person, value must be determined
as of the date of the transaction. For all other Plan purposes, value must be
determined as of the most recent Valuation Date under the Plan.

                                  ARTICLE VII
                   DETERMINATION AND DISTRIBUTION OF BENEFITS

      7.1   DETERMINATION OF BENEFITS UPON RETIREMENT

                                      -26-
<PAGE>

            Every Participant may terminate employment with the Employer and
retire for the purposes hereof on the Participant's Normal Retirement Date.
However, a Participant may postpone the termination of employment with the
Employer to a later date, in which event the participation of such Participant
in the Plan, including the right to receive allocations pursuant to Section 4.3,
shall continue until such Participant's Late Retirement Date. Upon a
Participant's Retirement Date, or as soon thereafter as is practicable, the
Trustee shall distribute, at the election of the Participant, all amounts
credited to such Participant's Account in accordance with Sections 7.5 and 7.6.

      7.2   DETERMINATION OF BENEFITS UPON DEATH

                  (a) Upon the death of a Participant before the Participant's
            Retirement Date or other termination of employment, all amounts
            credited to such Participant's Account shall become fully Vested. If
            elected, distribution of the Participant's Account shall commence
            not later than one (1) year after the close of the Plan Year in
            which such Participant's death occurs. The Administrator shall
            direct the Trustee, in accordance with the provisions of Sections
            7.5 and 7.6, to distribute the value of the deceased Participant's
            accounts to the Participant's Beneficiary.

                  (b) Upon the death of a Former Participant, the Administrator
            shall direct the Trustee, in accordance with the provisions of
            Sections 7.5 and 7.6, to distribute any remaining Vested amounts
            credited to the accounts of a deceased Former Participant to such
            Former Participant's Beneficiary.

                  (c) The Administrator may require such proper proof of death
            and such evidence of the right of any person to receive payment of
            the value of the account of a deceased Participant or Former
            Participant as the Administrator may deem desirable. The
            Administrator's determination of death and of the right of any
            person to receive payment shall be conclusive.

                  (d) The Beneficiary of the death benefit payable pursuant to
            this Section shall be the Participant's spouse. Except, however, the
            Participant may designate a Beneficiary other than the spouse if:

                  (1) the spouse has waived the right to be the Participant's
                  Beneficiary, or

                  (2) the Participant is legally separated or has been abandoned
                  (within the meaning of local law) and the Participant has a
                  court order to such effect (and there is no "qualified
                  domestic relations order" as defined in Code Section 414(p)
                  which provides otherwise), or

                  (3) the Participant has no spouse, or

                  (4) the spouse cannot be located.

                                      -27-
<PAGE>

                  In such event, the designation of a Beneficiary shall be made
            on a form satisfactory to the Administrator. A Participant may at
            any time revoke a designation of a Beneficiary or change a
            Beneficiary by filing written (or in such other form as permitted by
            the Internal Revenue Service) notice of such revocation or change
            with the Administrator. However, the Participant's spouse must again
            consent in writing (or in such other form as permitted by the
            Internal Revenue Service) to any change in Beneficiary unless the
            original consent acknowledged that the spouse had the right to limit
            consent only to a specific Beneficiary and that the spouse
            voluntarily elected to relinquish such right.

                  (e) In the event no valid designation of Beneficiary exists,
            or if the Beneficiary is not alive at the time of the Participant's
            death, the death benefit will be paid in the following order of
            priority to:

                  (1)   the Participant's surviving spouse;

                  (2)   the Participant's children, including adopted children,
                        per stirpes;

                  (3)   the Participant's surviving parents in equal shares; or

                  (4)   the Participant's estate.

                        If the Beneficiary does not predecease the Participant,
            but dies prior to distribution of the death benefit, the death
            benefit will be paid to the Beneficiary's estate.

                  (f) Notwithstanding anything in this Section to the contrary,
            if a Participant has designated the spouse as a Beneficiary, then a
            divorce decree or a legal separation that relates to such spouse
            shall revoke the Participant's designation of the spouse as a
            Beneficiary unless the decree or a qualified domestic relations
            order (within the meaning of Code Section 414(p)) provides
            otherwise.

                  (g) Any consent by the Participant's spouse to waive any
            rights to the death benefit must be in writing (or in such other
            form as permitted by the Internal Revenue Service), must acknowledge
            the effect of such waiver, and be witnessed by a Plan representative
            or a notary public. Further, the spouse's consent must be
            irrevocable and must acknowledge the specific nonspouse Beneficiary.

      7.3   DETERMINATION OF BENEFITS IN EVENT OF DISABILITY

            In the event of a Participant's Total and Permanent Disability prior
to the Participant's Retirement Date or other termination of employment, all
amounts credited to such Participant's Account shall become fully Vested. In the
event of a Participant's Total and Permanent Disability, the Administrator, in
accordance with the provisions of Sections 7.5 and 7.6, shall direct the
distribution to such Participant of all Vested amounts credited to such

                                      -28-
<PAGE>

Participant's Account. If such Participant elects, distribution shall commence
not later than one (1) year after the close of the Plan Year in which Total and
Permanent Disability occurs.

      7.4   DETERMINATION OF BENEFITS UPON TERMINATION

                  (a) if a Participant's employment with the Employer is
            terminated for any reason other than death, Total and Permanent
            Disability or retirement, then such Participant shall be entitled to
            such benefits as are provided hereinafter pursuant to this Section
            7.4.

                        If a portion of a Participant's Account is forfeited,
            Company Stock allocated to the Participant's Company Stock Account
            must be forfeited only after the Participant's Other Investments
            Account has been depleted. If interest in more than one class of
            Company Stock has been allocated to a Participant's Account, the
            Participant must be treated as forfeiting the same proportion of
            each such class.

                        Distribution of the funds due to a Terminated
            Participant shall be made on the occurrence of an event which would
            result in the distribution had the Terminated Participant remained
            in the employ of the Employer (upon the Participant's death, Total
            and Permanent Disability or Normal Retirement). However, at the
            election of the Participant, the Administrator shall direct the
            Trustee that the entire Vested portion of the Terminated
            Participant's Account to be payable to such Terminated Participant.
            Any distribution under this paragraph shall be made in a manner
            which is consistent with and satisfies the provisions of Section 7.5
            and 7.6, including, but not limited to, all notice and consent
            requirements of Code Section 411(a)(11) and the Regulations
            thereunder.

                        If the value of a Terminated Participant's Vested
            benefit derived from Employer and Employee contributions does not
            exceed $1,000, then the Administrator shall direct the Trustee to
            cause the entire Vested benefit to be paid to such Participant in a
            single lump sum.

                        For purposes of this Section 7.4, if the value of a
            Terminated Participant's Vested benefit is zero, the Terminated
            Participant shall be deemed to have received a distribution of such
            Vested benefit.

                  (b) The Vested portion of any Participant's Account shall be a
            percentage of the total amount credited to the Participant's Account
            determined on the basis of the Participant's number of Years of
            Service according to the following schedule:

                                      -29-
<PAGE>

<TABLE>
<CAPTION>
              Vesting Schedule
Years of Service            Percentage
<S>                         <C>
  Less than 2                   0%
      2                        20%
      3                        40%
      4                        60%
      5                        80%
      6                       100%
</TABLE>

                  (c) Notwithstanding the vesting schedule above, upon the
            complete discontinuance of the Employer contributions to the Plan or
            upon any full or partial termination of the Plan, all amounts then
            credited to the account of any affected Participant shall become
            100% Vested and shall not thereafter be subject to Forfeiture.

                  (d) The computation of a Participant's nonforfeitable
            percentage of such Participant's interest in the Plan shall not be
            reduced as the result of any direct or indirect amendment to this
            Plan. In the event that the Plan is amended to change or modify any
            vesting schedule, or if the Plan is amended in any way that directly
            or indirectly affects the computation of the Participant's
            nonforfeitable percentage, or if the Plan is deemed amended by an
            automatic change to a top heavy vesting schedule then each
            Participant with at least three (3) Years of Service as of the
            expiration date of the election period may elect to have such
            Participant's nonforfeitable percentage computed under the Plan
            without regard to such amendment or change. If a Participant fails
            to make such election, then such Participant shall be subject to the
            new vesting schedule. The Participant's election period shall
            commence on the adoption date of the amendment and shall end sixty
            (60) days after the latest of:

                  (1) the adoption date of the amendment,

                  (2) the effective date of the amendment, or

                  (3) the date the Participant receives written notice of the
                  amendment from the Employer or Administrator.

      7.5   DISTRIBUTION OF BENEFITS

                  (a) The Administrator, pursuant to the election of the
            Participant, shall direct the Trustee to distribute to a Participant
            or such Participant's Beneficiary any amount to which the
            Participant is entitled under the Plan in one lump-sum payment.

                  (b) Any distribution to a Participant who has a benefit which
            exceeds $1,000, shall require such Participant's written (or in such
            other form as permitted by the Internal Revenue Service) consent if
            such distribution occurs prior to the time the benefit is
            "immediately distributable." A benefit is "immediately
            distributable" if any part of the benefit could be distributed to
            the Participant (or surviving spouse) before the Participant attains
            (or would have attained if not

                                      -30-
<PAGE>

            deceased) the later of the Participant's Normal Retirement Age or
            age 62. With regard to this required consent:

                  (1) The Participant must be informed of the right to defer
                  receipt of the distribution. If a Participant fails to
                  consent, it shall be deemed an election to defer the
                  distribution of any benefit. However, any election to defer
                  the receipt of benefits shall not apply with respect to
                  distributions which are required under Section 7.5(e).

                  (2) Notice of the rights specified under this paragraph shall
                  be provided no less than thirty (30) days and no more than
                  ninety (90) days before the date the distribution commences.

                  (3) Written (or such other form as permitted by the Internal
                  Revenue Service) consent of the Participant to the
                  distribution must not be made before the Participant receives
                  the notice and must not be made more than ninety (90) days
                  before the date the distribution commences.

                  (4) No consent shall be valid if a significant detriment is
                  imposed under the Plan on any Participant who does not consent
                  to the distribution.

                        Any such distribution may commence less than thirty (30)
            days after the notice required under Regulation 1.411(a)-11(c) is
            given, provided that: (1) the Administrator clearly informs the
            Participant that the Participant has a right to a period of at least
            thirty (30) days after receiving the notice to consider the decision
            of whether or not to elect a distribution (and, if applicable, a
            particular distribution option), and (2) the Participant, after
            receiving the notice, affirmatively elects a distribution.

                  (c) Notwithstanding anything herein to the contrary, the
            Administrator may direct that cash dividends on shares of Company
            Stock allocable to Participants' Company Stock Accounts be:

                  (1) Paid by the Employer directly in cash to the Participants
                  in the Plan or their Beneficiaries.

                  (2) Paid to the Plan and distributed in cash to Participants
                  in the Plan or their Beneficiaries no later than ninety (90)
                  days after the close of the Plan Year in which paid.

                  (3) At the election of Participants or their Beneficiaries,
                  paid in accordance with paragraph (1) or (2) above, or paid to
                  the Plan and reinvested in Company Stock; provided, however,
                  that if cash dividends are reinvested in Company Stock, then
                  Company Stock allocated to the Participant's Company Stock
                  Account shall have a fair market value not less than the
                  amount of cash dividends which would have been allocated to
                  such Participant's Other Investment Account for the year.

                                      -31-
<PAGE>

                  (4) Used to make payments on an Exempt Loan the proceeds of
                  which were used to acquire Company Stock (whether or not
                  allocated to Participants' Company Stock Accounts) with
                  respect to which the cash dividend is paid.

                  (5) Allocated to Participants' Other Investment Accounts.

                  (d) Any part of a Participant's benefit which is retained in
            the Plan after the Anniversary Date on which the Participant's
            participation ends will continue to be treated as a Company Stock
            Account or as an Other Investments Account (subject to Section
            7.4(a)) as provided in Article IV. However, neither account will be
            credited with any further Employer contributions.

                  (e) The Participant's entire interest will be distributed, or
            begin to be distributed, to the Participant no later than the
            Participant's required beginning date.

                  (1) Death of Participant Before Distributions Begin. If the
                  Participant dies before distributions begin, the Participant's
                  entire interest will be distributed, or begin to be
                  distributed, no later than as follows:

                        (i) If the Participant's surviving spouse is the
                        Participant's sole designated beneficiary, distributions
                        to the surviving spouse will begin by December 31 of the
                        calendar year immediately following the calendar year in
                        which the Participant died, or by December 31 of the
                        calendar year in which the Participant would have
                        attained age 701/2, if later.

                        (ii) If the Participant's surviving spouse is not the
                        Participant's sole designated beneficiary, distributions
                        to the designated beneficiary will begin by December 31
                        of the calendar year immediately following the calendar
                        year in which the Participant died.

                        (iii) If there is no designated beneficiary as of
                        September 30 of the year following the year of the
                        Participant's death, the Participant's entire interest
                        will be distributed by December 31 of the calendar year
                        containing the fifth anniversary of the Participant's
                        death.

                        (iv) If the Participant's surviving spouse is the
                        Participant's sole designated beneficiary and the
                        surviving spouse dies after the Participant but before
                        distributions to the surviving spouse begin, the
                        provisions of Section 2.2, other than Section 2.2(a),
                        will apply as if the surviving spouse were the
                        Participant.

                        For purposes of this subsection (1) and subsections (5)
            and (6) below, unless subsection (1)(iv) applies, distributions are
            considered to begin on

                                      -32-
<PAGE>

            the Participant's required beginning date. If subsection (1)(iv)
            applies, distributions are considered to begin on the date
            distributions are required to begin to the surviving spouse under
            subsection (1)(i). If distributions under an annuity purchased from
            an insurance company irrevocably commence to the Participant before
            the Participant's required beginning date (or to the Participant's
            surviving spouse before the date distributions are required to begin
            to the surviving spouse under subsection (1)(i), the date
            distributions are considered to begin is the date distributions
            actually commence.

                  (2) Forms of Distribution. Unless the Participant's interest
                  is distributed in the form of an annuity purchased from an
                  insurance company or in a single sum on or before the required
                  beginning date, as of the first distribution calendar year
                  distributions will be made in accordance with subsections (3)
                  through (6) below. lithe Participant's interest is distributed
                  in the form of an annuity purchased from an insurance company,
                  distributions thereunder will be made in accordance with the
                  requirements of Section 401(a)(9) of the Code and the Treasury
                  regulations.

                  (3) Amount of Required Minimum Distribution For Each
                  Distribution Calendar Year. During the Participant's lifetime,
                  the minimum amount that will be distributed for each
                  distribution calendar year is the lesser of:

                        (i) the quotient obtained by dividing the Participant's
                        account balance by the distribution period in the
                        Uniform Lifetime Table set forth in Section
                        1.401(a)(9)-9 of the Treasury regulations, using the
                        Participant's age as of the Participant's birthday in
                        the distribution calendar year; or

                        (ii) if the Participant's sole designated beneficiary
                        for the distribution calendar year is the Participant's
                        spouse, the quotient obtained by dividing the
                        Participant's account balance by the number in the Joint
                        and Last Survivor Table set forth in Section
                        1.401(a)(9)-9 of the Treasury regulations, using the
                        Participant's and spouse's attained ages as of the
                        Participant's and spouse's birthdays in the distribution
                        calendar year.

                  (4) Lifetime Required Minimum Distributions Continue Through
                  Year of Participant's Death. Required minimum distributions
                  will be determined under subsections (3) and (4) beginning
                  with the first distribution calendar year and up to and
                  including the distribution calendar year that includes the
                  Participant's date of death.

                  (5) Death On or After Date Distributions Begin.

                        (i) Participant Survived by Designated Beneficiary. If
                        the Participant dies on or after the date distributions
                        begin and there is

                                      -33-
<PAGE>

                        a designated beneficiary, the minimum amount that will
                        be distributed for each distribution calendar year after
                        the year of the Participant's death is the quotient
                        obtained by dividing the Participant's account balance
                        by the longer of the remaining life expectancy of the
                        Participant or the remaining life expectancy of the
                        Participant's designated beneficiary, determined as
                        follows:

                              (a) The Participant's remaining life expectancy is
                        calculated using the age of the Participant in the year
                        of death, reduced by one for each subsequent year.

                              (b) If the Participant's surviving spouse is the
                        Participant's sole designated beneficiary, the remaining
                        life expectancy of the surviving spouse is calculated
                        for each distribution calendar year after the year of
                        the Participant's death using the surviving spouse's age
                        as of the spouse's birthday in that year. For
                        distribution calendar years after the year of the
                        surviving spouse's death, the remaining life expectancy
                        of the surviving spouse is calculated using the age of
                        the surviving spouse as of the spouse's birthday in the
                        calendar year of the spouse's death, reduced by one for
                        each subsequent calendar year.

                              (c) If the Participant's surviving spouse is not
                        the Participant's sole designated beneficiary, the
                        designated beneficiary's remaining life expectancy is
                        calculated using the age of the beneficiary in the year
                        following the year of the Participant's death, reduced
                        by one for each subsequent year.

                        (ii) No Designated Beneficiary. If the Participant dies
                        on or after the date distributions begin and there is no
                        designated beneficiary as of September 30 of the year
                        after the year of the Participant's death, the minimum
                        amount that will be distributed for each distribution
                        calendar year after the year of the Participant's death
                        is the quotient obtained by dividing the Participant's
                        account balance by the Participant's remaining life
                        expectancy calculated using the age of the Participant
                        in the year of death, reduced by one for each subsequent
                        year.

                  (6) Death Before Date Distributions Begin.

                        (i) Participant Survived by Designated Beneficiary. If
                        the Participant dies before the date distributions begin
                        and there is a designated beneficiary, the minimum
                        amount that will be distributed for each distribution
                        calendar year after the year of the Participant's death
                        is the quotient obtained by dividing the Participant's
                        account balance by the remaining life expectancy of

                                      -34-
<PAGE>

                        the Participant's designated beneficiary, determined as
                        provided in subsection (5) above.

                        (ii) No Designated Beneficiary. If the Participant dies
                        before the date distributions begin and there is no
                        designated beneficiary as of September 30 of the year
                        following the year of the Participant's death,
                        distribution of the Participant's entire interest will
                        be completed by December 31 of the calendar year
                        containing the fifth anniversary of the Participant's
                        death.

                        (iii) Death of Surviving Spouse Before Distributions to
                        Surviving Spouse Are Required to Begin. If the
                        Participant dies before the date distributions begin,
                        the Participant's surviving spouse is the Participant's
                        sole designated beneficiary, and the surviving spouse
                        dies before distributions are required to begin to the
                        surviving spouse under subsection (1)(i), the provisions
                        of subsection (6) will apply as if the surviving spouse
                        were the Participant.

                  (6) Designated beneficiary. The individual who is designated
                  as the Beneficiary under the Plan and is the designated
                  beneficiary under Section 401(a)(9) of the Internal Revenue
                  Code and Section 1.401(a)(9)-1, Q&A-4, of the Treasury
                  regulations.

                  (7) Distribution calendar year. A calendar year for which a
                  minimum distribution is required. For distributions beginning
                  before the Participant's death, the first distribution
                  calendar year is the calendar year immediately preceding the
                  calendar year which contains the Participant's required
                  beginning date. For distributions beginning after the
                  Participant's death, the first distribution calendar year is
                  the calendar year in which distributions are required to begin
                  under subsection (1). The required minimum distribution for
                  the Participant's first distribution calendar year will be
                  made on or before the Participant's required beginning date.
                  The required minimum distribution for other distribution
                  calendar years, including the required minimum distribution
                  for the distribution calendar year in which the Participant's
                  required beginning date occurs, will be made on or before
                  December 31 of that distribution calendar year.

                  (8) Life expectancy. Life expectancy as computed by use of the
                  Single Life Table in Section 1.401(a)(9)-9 of the Treasury
                  regulations.

                  (9) Participant's account balance. The account balance as of
                  the last valuation date in the calendar year immediately
                  preceding the distribution calendar year (valuation calendar
                  year) increased by the amount of any contributions made and
                  allocated or forfeitures allocated to the account balance as
                  of dates in the valuation calendar year after the valuation
                  date and decreased by distributions made in the valuation
                  calendar year after

                                      -35-
<PAGE>

                  the valuation date. The account balance for the valuation
                  calendar year includes any amounts rolled over or transferred
                  to the Plan either in the valuation calendar year or in the
                  distribution calendar year if distributed or transferred in
                  the valuation calendar year.

                  (10) Required beginning date. "The date specified in the Plan
                  when distributions under Section 401(a)(9) of the Internal
                  Revenue Code are required to begin.

                  (f) Notwithstanding any provision in the Plan to the contrary,
            distributions upon the death of a Participant shall be made in
            accordance with the following requirements and shall otherwise
            comply with Code Section 401(a)(9) and the Regulations thereunder.
            If it is determined, pursuant to Regulations, that the distribution
            of a Participant's interest has begun and the Participant dies
            before the entire interest has been distributed, the remaining
            portion of such interest shall be distributed at least as rapidly as
            under the method of distribution selected pursuant to Section 7.5 as
            of the date of death. If a Participant dies before receiving any
            distributions of the interest in the Plan or before distributions
            are deemed to have begun pursuant to Regulations, then the death
            benefit shall be distributed to the Participant's Beneficiaries by
            December 31st of the calendar year in which the fifth anniversary of
            the Participant's date of death occurs.

                        However, the 5-year distribution requirement of the
            preceding paragraph shall not apply to any portion of the deceased
            Participant's interest which is payable to or for the benefit of a
            designated Beneficiary. In such event, such portion shall be
            distributed over a period not extending beyond the life expectancy
            of such designated Beneficiary provided such distribution begins not
            later than December 31st of the calendar year immediately following
            the calendar year in which the Participant died. However, in the
            event the Participant's spouse (determined as of the date of the
            Participant's death) is the designated Beneficiary, the requirement
            that distributions commence within one year of a Participant's death
            shall not apply. In lieu thereof, distributions must commence on or
            before the later of: (1) December 31st of the calendar year
            immediately following the calendar year in which the Participant
            died; or (2) December 31st of the calendar year in which the
            Participant would have attained age 70 1/2. If the surviving spouse
            dies before distributions to such spouse begin, then the 5-year
            distribution requirement of this Section shall apply as if the
            spouse was the Participant.

                  (g) For purposes of this Section, the life expectancy of a
            Participant and a Participant's spouse shall not be redetermined in
            accordance with Code Section 401(a)(9)(D). Life expectancy and joint
            and last survivor expectancy shall be computed using the return
            multiples in Tables V and VI of Regulation 1.72-9.

                  (h) Except as limited by Sections 7.5 and 7.6, whenever the
            Trustee is to make a distribution, the distribution may be made on
            such date or as soon

                                      -36-
<PAGE>

            thereafter as is practicable. However, unless a Former Participant
            elects in writing to defer the receipt of benefits (such election
            may not result in a death benefit that is more than incidental), the
            payment of benefits shall occur not later than the sixtieth (60th)
            day after the close of the Plan Year in which the latest of the
            following events occurs:

                  (1) the date on which the Participant attains the earlier of
                  age 65 or the Normal Retirement Age specified herein;

                  (2) the tenth (10th) anniversary of the year in which the
                  Participant commenced participation in the Plan; or

                  (3) the date the Participant terminates his service with the
                  Employer.

                  (i) If a distribution is made to a Participant who has not
            severed employment and who is not fully Vested in the Participant's
            Account and the Participant may increase the Vested percentage in
            such account, then, at any relevant time the Participant's Vested
            portion of the account will be equal to an amount ("X") determined
            by the formula:

                            X equals P(AB plus D) - D

                        For purposes of applying the formula: P is the Vested
            percentage at the relevant time, AB is the account balance at the
            relevant time, and D is the amount of distribution.

      7.6   HOW PLAN BENEFIT WILL BE DISTRIBUTED

                  (a) Distribution of a Participant's benefit may be made in
            cash or Company Stock or both, provided, however, that if a
            Participant or Beneficiary so demands, such benefit shall be
            distributed only in the form of Company Stock. Prior to making a
            distribution of benefits, the Administrator shall advise the
            Participant or the Participant's Beneficiary, in writing (or such
            other form as permitted by the Internal Revenue Service), of the
            right to demand that benefits be distributed solely in Company
            Stock.

                  (b) If a Participant or Beneficiary demands that benefits be
            distributed solely in Company Stock, distribution of a Participant's
            benefit will be made entirely in whole shares of Company Stock. Any
            balance in a Participant's Other Investments Account will be applied
            to acquire for distribution the maximum number of whole shares of
            Company Stock at the then fair market value. Any fractional unit
            value unexpended will be distributed in cash. If Company Stock is
            not available for purchase by the Trustee, then the Trustee shall
            hold such balance until Company Stock is acquired and then make such
            distribution, subject to Sections 7.5(h) and 7.5(e).

                  (c) The Trustee will make distribution from the Trust only on
            instructions from the Administrator.

                                      -37-
<PAGE>

                  (d) If Company Stock acquired with the proceeds of an Exempt
            Loan (described in Section 5.3 hereof) is available for distribution
            and consists of more than one class, a Participant or the
            Participant's Beneficiary must receive substantially the same
            proportion of each such class.

      7.7   DISTRIBUTION FOR MINOR OR INCOMPETENT BENEFICIARY

            In the event a distribution is to be made to a minor or incompetent
Beneficiary, then the Administrator may direct that such distribution be paid to
the legal guardian, or if none in the case of a minor Beneficiary, to a parent
of such Beneficiary or a responsible adult with whom the Beneficiary maintains
residence, or to the custodian for such Beneficiary under the Uniform Gift to
Minors Act or Gift to Minors Act, if such is permitted by the laws of the state
in which said Beneficiary resides. Such a payment to the legal guardian,
custodian or parent of a minor Beneficiary shall fully discharge the Trustee,
Employer, and Plan from further liability on account thereof.

      7.8   LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN

            In the event that all, or any portion, of the distribution payable
to a Participant or Beneficiary hereunder shall, at the later of the
Participant's attainment of age 62 or Normal Retirement Age, remain unpaid
solely by reason of the inability of the Administrator, after sending a
registered letter, return receipt requested, to the last known address, and
after further diligent effort, to ascertain the whereabouts of such Participant
or Beneficiary, the amount so distributable shall be treated as a Forfeiture
pursuant to the Plan. Notwithstanding the foregoing, if the value of a
Participant's Vested benefit derived from Employer and Employee contributions
does not exceed $1,000, then the amount distributable may, in the sole
discretion of the Administrator, either be treated as a Forfeiture, or be paid
directly to an individual retirement account described in Code Section 408(a) or
individual retirement annuity described in Code Section 408(b) at the time it is
determined that the whereabouts of the Participant or the Participant's
Beneficiary cannot be ascertained. In the event a Participant or Beneficiary is
located subsequent to the Forfeiture, such benefit shall be restored, first from
Forfeitures, if any, and then from an additional Employer contribution if
necessary. However, regardless of the preceding, a benefit which is lost by
reason of escheat under applicable state law is not treated as a Forfeiture for
purposes of this Section nor as an impermissible forfeiture under the Code.

      7.9   NONTERMINABLE PROTECTIONS AND RIGHTS

            No Company Stock acquired with the proceeds of a loan described in
Section 5.3 hereof may be subject to a put, call, or other option, or buy-sell
or similar arrangement when held by and when distributed from the Trust Fund,
whether or not the Plan is then an ESOP. The protections and rights granted in
this Section are nonterminable, and such protections and rights shall continue
to exist under the terms of this Plan so long as any Company Stock acquired with
the proceeds of a loan described in Section 5.3 hereof is held by the Trust Fund
or by any Participant or other person for whose benefit such protections and
rights have been created, and neither the repayment of such loan nor the failure
of the Plan to be an ESOP, nor an amendment of the Plan shall cause a
termination of said protections and rights.

                                      -38-
<PAGE>

      7.10  QUALIFIED DOMESTIC RELATIONS ORDER DISTRIBUTION

            All rights and benefits, including elections, provided to a
Participant in this Plan shall be subject to the rights afforded to any
"alternate payee" under a "qualified domestic relations order." Furthermore, a
distribution to an "alternate payee" shall be permitted if such distribution is
authorized by a "qualified domestic relations order," even if the affected
Participant has not separated from service and has not reached the "earliest
retirement age" under the Plan. For the purposes of this Section, "alternate
payee," "qualified domestic relations order" and "earliest retirement age" shall
have the meaning set forth under Code Section 414(p).

      7.11  DIRECT ROLLOVER

                  (a) Notwithstanding any provision of the Plan to the contrary
            that would otherwise limit a "distributee's" election under this
            Section, a "distributee" may elect, at the time and in the manner
            prescribed by the Administrator, to have any portion of an "eligible
            rollover distribution" that is equal to at least $500 paid directly
            to an "eligible retirement plan" specified by the "distributee" in a
            "direct rollover."

                  (b) For purposes of this Section the following definitions
            shall apply:

                  (1) An "eligible rollover distribution" is 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 Code Section 401(a)(9); the portion of any other
                  distribution that is not includible in gross income
                  (determined without regard to the exclusion for net unrealized
                  appreciation with respect to employer securities); any
                  hardship distribution described in Code Section
                  401(k)(2)(B)(i)(1V ); and any other distribution that is
                  reasonably expected to total less than $200 during a year.

                  (2) An "eligible retirement plan" is an individual retirement
                  account described in Code Section 408(a), an individual
                  retirement annuity described in Code Section 408(b), an
                  annuity plan described in Code Section 403(a), an annuity
                  contract described in Code Section 403(b), an eligible plan
                  under Code Section 457(b) which is maintained by a state,
                  political subdivision of a state, or any agency or
                  instrumentality of a state or political subdivision of a state
                  and which agrees to separately account for amounts transferred
                  into such plan from this Plan or a qualified trust described
                  in Code Section 401(a), that accepts the "distributee's"
                  "eligible rollover distribution". The definition of eligible
                  retirement plan shall also apply in the case of a distribution
                  to a surviving spouse, or to a spouse or

                                      -39-
<PAGE>

                  former spouse who is the alternate payee under a qualified
                  domestic relation order, as defined in Code Section 414(p)

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

                  (4) A "direct rollover" is a payment by the Plan to the
                  "eligible retirement plan" specified by the "distributee."

                                  ARTICLE VIII
                       AMENDMENT, TERMINATION AND MERGERS

      8.1   AMENDMENT

                  (a) The HR Committee shall have the right at any time to amend
            this Plan subject to the limitations of this Section. However, any
            amendment which affects the rights, duties or responsibilities of
            the Trustee, may only be made with the Trustee's written consent.
            Any such amendment shall become effective as provided therein upon
            its execution. The Trustee shall not be required to execute any such
            amendment unless the amendment affects the duties of the Trustee
            hereunder.

                  (b) No amendment to the Plan shall be effective if it
            authorizes or permits any part of the Trust Fund (other than such
            part as is required to pay taxes and administration expenses) to be
            used for or diverted to any purpose other than for the exclusive
            benefit of the Participants or their Beneficiaries or estates; or
            causes any reduction in the amount credited to the account of any
            Participant; or causes or permits any portion of the Trust Fund to
            revert to or become property of the Employer.

                  (1) Except as permitted by Regulations (including Regulation
                  1.411 (d)-4) or other IRS guidance, no Plan amendment or
                  transaction having the effect of a Plan amendment (such as a
                  merger, plan transfer or similar transaction) shall be
                  effective if it eliminates or reduces any "Section 411(d)(6)
                  protected benefit" or adds or modifies conditions relating to
                  "Section 411(d)(6) protected benefits" which results in a
                  further restriction on such benefit unless such "Section
                  411(d)(6) protected benefits" are preserved with respect to
                  benefits accrued as of the later of the adoption date or
                  effective date of the amendment. "Section 411(d)(6) protected
                  benefits" are benefits described in Code Section 411(d)(6)(A),
                  early retirement benefits and retirement-type subsidies, and
                  optional forms of benefit.

                                      -40-
<PAGE>

                        In addition, no such amendment shall have the effect of
            terminating the protections and rights set forth in Section 7.9,
            unless such termination shall then be permitted under the applicable
            provisions of the Code and Regulations; such a termination is
            currently expressly prohibited by Regulation 54.4975-11(a)(3)(ii).

      8.2   TERMINATION

                  (a) The HR Committee shall have the right at any time to
            terminate the Plan by delivering to the Trustee written notice of
            such termination. Upon any full or partial termination, all amounts
            credited to the affected Participants' Accounts shall become 100%
            Vested as provided in Section 7.4 and shall not thereafter be
            subject to forfeiture, and all unallocated amounts, including
            Forfeitures and the proceeds from the sale of Company Stock held in
            an Unallocated Company Stock Suspense Account, shall be allocated to
            the accounts of all Participants who would otherwise have been
            eligible to share in the Employer contribution for the year of
            termination in proportion to their Compensation.

                  (b) Upon the full termination of the Plan, the Employer shall
            direct the distribution of the assets of the Trust Fund to
            Participants in a manner which is consistent with and satisfies the
            provisions of Sections 7.5 and 7.6.

                  (c) Notwithstanding any other provision of the Plan, in the
            event of a change in control of the Employer or Rockville Financial,
            Inc., within the meaning provided by Section 409A(a)(2)(A)(v) of the
            Code and the Regulations, the Plan shall terminate as of the
            effective date of such change in control and, as soon as practicable
            thereafter, the Trustee shall repay in full any outstanding Exempt
            Loan. In connection with such repayment, the Trustee shall: (i)
            apply cash, if any, received by the Plan in connection with the
            change in control with respect to the Company Stock held in the
            Unallocated Company Stock Account, and (ii) to the extent
            additionally required to effect the repayment of the Exempt Loan,
            obtain cash through the sale of any stock or security received by
            the Plan in connection with the change in control with respect to
            such Company Stock held in the Unallocated Company Stock Account.
            After repayment of the Exempt Loan, all remaining shares of Company
            Stock held in the Unallocated Company Stock Account, all other stock
            or securities, and any cash proceeds from the sale or other
            disposition of any shares of Company Stock held in the Unallocated
            Company Stock Account, shall be allocated among the Participant
            Accounts of all Participants who were employed by the Employer on
            the date immediately preceding the effective date of the change in
            control. Such allocations of Common Stock or cash proceeds shall be
            credited as earnings for purposes of Section 4.4 of the Plan and
            Section 415 of the Code, as of the effective date of the change in
            control, to the Participant Accounts of Participants who are
            actively employed on the date immediately preceding the effective
            date of the change in control in proportion to the opening balances
            in such Participants' Company Stock Accounts as of the Valuation
            Date immediately preceding the effective date of the change in
            control. As of the effective date of a change in control as provided
            herein, all Participant Accounts shall be fully vested and
            nonforfeitable.

      8.3   MERGER, CONSOLIDATION OR TRANSFER OF ASSETS

            This Plan and Trust may be merged or consolidated with, or its
assets and/or liabilities may be transferred to any other plan and trust only if
the benefits which would be received by a Participant of this Plan, in the event
of a termination of the Plan immediately after such transfer, merger or
consolidation, are at least equal to the benefits the Participant would have
received if the Plan had terminated immediately before the transfer, merger or
consolidation, and such transfer, merger or consolidation does not otherwise
result in the elimination or reduction of any "Section 411(d)(6) protected
benefits" in accordance with Section 8.1(c).

                                   ARTICLE IX
                                    TOP HEAVY

      9.1   TOP HEAVY PLAN REQUIREMENTS

            For any Top Heavy Plan Year, the Plan shall provide the special
vesting requirements of Code Section 416(b) pursuant to Section 7.4 of the Plan
and the special minimum allocation requirements of Code Section 416(c) pursuant
to Section 4.3 of the Plan.

      9.2   DETERMINATION OF TOP HEAVY STATUS

                  (a) This Plan shall be a Top Heavy Plan for any Plan Year in
            which, as of the Determination Date, (1) the Present Value of
            Accrued Benefits of Key Employees and (2) the sum of the Aggregate
            Accounts of Key Employees under

                                      -41-
<PAGE>

            this Plan and all plans of an Aggregation Group, exceeds sixty
            percent (60%) of the Present Value of Accrued Benefits and the
            Aggregate Accounts of all Key and Non-Key Employees under this Plan
            and all plans of an Aggregation Group. The Accrued Benefits and
            Aggregate Accounts of any individual who has not performed services
            for the Employer during the 1-year period ending on the
            Determination Date shall not be taken into account for purposes of
            determining if this Plan is a Top Heavy Plan.

                        Aggregate Account: A Participant's Aggregate Account as
            of the Determination Date is the sum of:

                  (1) the Participant's Account balance as of the most recent
                  valuation occurring within a twelve (12) month period ending
                  on the Determination Date.

                  (2) an adjustment for any contributions due as of the
                  Determination Date. Such adjustment shall be the amount of any
                  contributions actually made after the Valuation Date but due
                  on or before the Determination Date, except for the first Plan
                  Year when such adjustment shall also reflect the amount of any
                  contributions made after the Determination Date that are
                  allocated as of a date in that first Plan Year.

                  (3) any Plan distributions made within the Plan Year that
                  includes the Determination Date or during the one-year period
                  ending on the Determination Date. However, in the case of
                  distributions made after the Valuation Date and prior to the
                  Determination Date, such distributions are not included as
                  distributions for top heavy purposes to the extent that such
                  distributions are already included in the Participant's
                  Aggregate Account balance as of the Valuation Date.
                  Notwithstanding anything herein to the contrary, all
                  distributions, including distributions under a terminated plan
                  which if it had not been terminated would have been required
                  to be included in an Aggregation Group, will be counted.
                  Further, distributions from the Plan (including the cash value
                  of life insurance policies) of a Participant's account balance
                  because of death shall be treated as a distribution for the
                  purposes of this paragraph. In the case of a distribution made
                  for a reason other than separation from service, death or
                  disability, this provision shall be applied by substituting
                  "5-year period" for 1-year period".

                  (4) any Employee contributions, whether voluntary or
                  mandatory. However, amounts attributable to tax deductible
                  qualified voluntary employee contributions shall not be
                  considered to be a part of the Participant's Aggregate Account
                  balance.

                  (5) with respect to unrelated rollovers and plan-to-plan
                  transfers (ones which are both initiated by the Employee and
                  made from a plan maintained by one employer to a plan
                  maintained by another employer), if

                                      -42-
<PAGE>

                  this Plan provides the rollovers or plan-to-plan transfers, it
                  shall always consider such rollovers or plan-to-plan transfers
                  as a distribution for the purposes of this Section. If this
                  Plan is the plan accepting such rollovers or plan-to-plan
                  transfers, it shall not consider such rollovers or
                  plan-to-plan transfers as part of the Participant's Aggregate
                  Account balance.

                  (6) with respect to related rollovers and plan-to-plan
                  transfers (ones either not initiated by the Employee or made
                  to a plan maintained by the same employer), if this Plan
                  provides the rollover or plan-to-plan transfer, it shall not
                  be counted as a distribution for purposes of this Section. If
                  this Plan is the plan accepting such rollover or plan-to-plan
                  transfer, it shall consider such rollover or plan-to-plan
                  transfer as part of the Participant's Aggregate Account
                  balance, irrespective of the date on which such rollover or
                  plan-to-plan transfer is accepted.

                  (7) For the purposes of determining whether two employers are
                  to be treated as the same employer in (5) and (6) above, all
                  employers aggregated under Code Section 414(b), (c), (m) and
                  (o) are treated as the same employer.

                  (b) "Aggregation Group" means either a Required Aggregation
            Group or a Permissive Aggregation Group as hereinafter determined.

                  (1) Required Aggregation Group: In determining a Required
                  Aggregation Group hereunder, each plan of the Employer in
                  which a Key Employee is a participant in the Plan Year
                  containing the Determination Date, and each other plan of the
                  Employer which enables any plan in which a Key Employee
                  participates to meet the requirements of Code Sections
                  401(a)(4) or 410, will be required to be aggregated. Such
                  group shall be known as a Required Aggregation Group.

                  In the case of a Required Aggregation Group, each plan in the
                  group will be considered a Top Heavy Plan if the Required
                  Aggregation Group is a Top Heavy Group. No plan in the
                  Required Aggregation Group will be considered a Top Heavy Plan
                  if the Required Aggregation Group is not a Top Heavy Group.

                  (2) Permissive Aggregation Group: The Employer may also
                  include any other plan not required to be included in the
                  Required Aggregation Group, provided the resulting group,
                  taken as a whole, would continue to satisfy the provisions of
                  Code Sections 401(a)(4) and 410. Such group shall be known as
                  a Permissive Aggregation Group.

                  In the case of a Permissive Aggregation Group, only a plan
                  that is part of the Required Aggregation Group will be
                  considered a Top Heavy Plan if the Permissive Aggregation
                  Group is a Top Heavy Group. No plan in the

                                      -43-
<PAGE>

                  Permissive Aggregation Group will be considered a Top Heavy
                  Plan if the Permissive Aggregation Group is not a Top Heavy
                  Group.

                  (3) Only those plans of the Employer in which the
                  Determination Dates fall within the same calendar year shall
                  be aggregated in order to determine whether such plans are Top
                  Heavy Plans.

                  (c) "Determination Date" means (a) the last day of the
            preceding Plan Year, or (b) in the case of the first Plan Year, the
            last day of such Plan Year.

                  (d) Present Value of Accrued Benefit: In the case of a defined
            benefit plan, the Present Value of Accrued Benefit for a Participant
            other than a Key Employee, shall be as determined using the single
            accrual method used for all plans of the Employer and Affiliated
            Employers, or if no such single method exists, using a method which
            results in benefits accruing not more rapidly than the slowest
            accrual rate permitted under Code Section 411(b)(1)(C). The
            determination of the Present Value of Accrued Benefit shall be
            determined as of the most recent valuation date that falls within or
            ends with the 12-month period ending on the Determination Date
            except as provided in Code Section 416 and the Regulations
            thereunder for the first and second plan years of a defined benefit
            plan.

                  (e) "Top Heavy Group" means an Aggregation Group in which, as
            of the Determination Date, the sum of:

                  (1) the Present Value of Accrued Benefits of Key Employees
                  under all defined benefit plans included in the group, and

                  (2) the Aggregate Accounts of Key Employees under all defined
                  contribution plans included in the group, exceeds sixty
                  percent (60%) of a similar sum determined for all Participants

                                   ARTICLE X
                                  MISCELLANEOUS

      10.1  PARTICIPANT'S RIGHTS

            This Plan shall not be deemed to constitute a contract between the
Employer and any Participant or to be a consideration or an inducement for the
employment of any Participant or Employee. Nothing contained in this Plan shall
be deemed to give any Participant or Employee the right to be retained in the
service of the Employer or to interfere with the right of the Employer to
discharge any Participant or Employee at any time regardless of the effect which
such discharge shall have upon the Employee as a Participant of this Plan.

      10.2  ALIENATION

                  (a) Subject to the exceptions provided below, and as otherwise
            permitted by the Code and Act, no benefit which shall be payable out
            of the Trust

                                      -44-
<PAGE>

            Fund to any person (including a Participant or the Participant's
            Beneficiary) shall be subject in any manner to anticipation,
            alienation, sale, transfer, assignment, pledge, encumbrance, or
            charge, and any attempt to anticipate, alienate, sell, transfer,
            assign, pledge, encumber, or charge the same shall be void; and no
            such benefit shall in any manner be liable for, or subject to, the
            debts, contracts, liabilities, engagements, or torts of any such
            person, nor shall it be subject to attachment or legal process for
            or against such person, and the same shall not be recognized by the
            Trustee, except to such extent as may be required by law.

                  (b) Subsection (a) shall not apply to a "qualified domestic
            relations order" defined in Code Section 414(p), and those other
            domestic relations orders permitted to be so treated by the
            Administrator under the provisions of the Retirement Equity Act of
            1984. The Administrator shall establish a written procedure to
            determine the qualified status of domestic relations orders and to
            administer distributions under such qualified orders. Further, to
            the extent provided under a "qualified domestic relations order," a
            former spouse of a Participant shall be treated as the spouse or
            surviving spouse for all purposes under the Plan.

                  (c) Subsection (a) shall not apply to an offset to a
            Participant's accrued benefit against an amount that the Participant
            is ordered or required to pay the Plan with respect to a judgment,
            order, or decree issued, or a settlement entered into in accordance
            with Code Sections 401(a)(13)(C) and (D).

      10.3  CONSTRUCTION OF PLAN

            This Plan and Trust shall be construed and enforced according to the
Code, the Act and the laws of the State of Connecticut, other than its laws
respecting choice of law, to the extent not pre-empted by the Act.

      10.4  GENDER AND NUMBER

            Wherever any words are used herein in the masculine, feminine or
neuter gender, they shall be construed as though they were also used in another
gender in all cases where they would so apply, and whenever any words are used
herein in the singular or plural form, they shall be construed as though they
were also used in the other form in all cases where they would so apply.

      10.5  LEGAL ACTION

            In the event any claim, suit, or proceeding is brought regarding the
Trust and/or Plan established hereunder to which the Trustee, the Employer or
the Administrator may be a party, and such claim, suit, or proceeding is
resolved in favor of the Trustee, the Employer or the Administrator, they shall
be entitled to be reimbursed from the Trust Fund for any and all costs,
attorney's fees, and other expenses pertaining thereto incurred by them for
which they shall have become liable.

      10.6  PROHIBITION AGAINST DIVERSION OF FUNDS

                                      -45-
<PAGE>

                  (a) Except as provided below and otherwise specifically
            permitted by law, it shall be impossible by operation of the Plan or
            of the Trust, by termination of either, by power of revocation or
            amendment, by the happening of any contingency, by collateral
            arrangement or by any other means, for any part of the corpus or
            income of any Trust Fund maintained pursuant to the Plan or any
            funds contributed thereto to be used for, or diverted to, purposes
            other than the exclusive benefit of Participants, Former
            Participants, or their Beneficiaries.

                  (b) In the event the Employer shall make an excessive
            contribution under a mistake of fact pursuant to Act Section
            403(c)(2)(A), the Employer may demand repayment of such excessive
            contribution at any time within one (1) year following the time of
            payment and the Trustees shall return such amount to the Employer
            within the one (1) year period. Earnings of the Plan attributable to
            the contributions may not be returned to the Employer but any losses
            attributable thereto must reduce the amount so returned.

                  (c) Except for Sections 3.5, 3.6, and 4.1(b), any contribution
            by the Employer to the Trust Fund is conditioned upon the
            deductibility of the contribution by the Employer under the Code
            and, to the extent any such deduction is disallowed, the Employer
            may, within one (1) year following the final determination of the
            disallowance, whether by agreement with the Internal Revenue Service
            or by final decision of a competent jurisdiction, demand repayment
            of such disallowed contribution and the Trustee shall return such
            contribution within one (1) year following the disallowance.
            Earnings of the Plan attributable to the contribution may not be
            returned to the Employer, but any losses attributable thereto must
            reduce the amount so returned.

      10.7  EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE

            The Employer, Administrator and Trustee, and their successors, shall
not be responsible for the validity of any Contract issued hereunder or for the
failure on the part of the insurer to make payments provided by any such
Contract, or for the action of any person which may delay payment or render a
Contract null and void or unenforceable in whole or in part.

      10.8  INSURER'S PROTECTIVE CLAUSE

            Except as otherwise agreed upon in writing between the Employer and
the insurer, an insurer which issues any Contracts hereunder shall not have any
responsibility for the validity of this Plan or for the tax or legal aspects of
this Plan. The insurer shall be protected and held harmless in acting in
accordance with any written direction of the Trustee, and shall have no duty to
see to the application of any funds paid to the Trustee, nor be required to
question any actions directed by the Trustee. Regardless of any provision of
this Plan, the insurer shall not be required to take or permit any action or
allow any benefit or privilege contrary to the terms of any Contract which it
issues hereunder, or the rules of the insurer.

      10.9  RECEIPT AND RELEASE FOR PAYMENTS

                                      -46-
<PAGE>

            Any payment to any Participant, the Participant's legal
representative, Beneficiary, or to any guardian or committee appointed for such
Participant or Beneficiary in accordance with the provisions of the Plan, shall,
to the extent thereof, be in full satisfaction of all claims hereunder against
the Trustee and the Employer, either of whom may require such Participant, legal
representative, Beneficiary, guardian or committee, as a condition precedent to
such payment, to execute a receipt and release thereof in such form as shall be
determined by the Trustee or Employer.

      10.10 ACTION BY THE EMPLOYER

            Whenever the Employer under the terms of the Plan is permitted or
required to do or perform any act or matter or thing, it shall be done and
performed by a person duly authorized by its legally constituted authority.

      10.11 NAMED FIDUCIARIES AND ALLOCATION OF RESPONSIBILITY

            The "named Fiduciaries" of this Plan are (1) the HR Committee and
(2) the Trustee, and (3) any Investment Manager appointed hereunder. The named
Fiduciaries shall have only those specific powers, duties, responsibilities, and
obligations as are specifically given them under the Plan including, but not
limited to, any agreement allocating or delegating their responsibilities, the
terms of which are incorporated herein by reference. In general, the HR
Committee shall have the sole responsibility for the administration of the Plan,
including, but not limited to, the items specified in Article II of the Plan, as
the same may be allocated or delegated thereunder. The HR Committee shall also
have the authority to appoint and remove the Trustee; to formulate the Plan's
"funding policy and method"; and to amend or terminate, in whole or in part, the
Plan. The Trustee shall have the sole responsibility of management of the assets
held under the Trust, except to the extent directed pursuant to Article II or
with respect to those assets, the management of which has been assigned to an
Investment Manager, who shall be solely responsible for the management of the
assets assigned to it, all as specifically provided in the Plan. Each named
Fiduciary warrants that any directions given, information furnished, or action
taken by it shall be in accordance with the provisions of the Plan, authorizing
or providing for such direction, information or action. Furthermore, each named
Fiduciary may rely upon any such direction, information or action of another
named Fiduciary as being proper under the Plan, and is not required under the
Plan to inquire into the propriety of any such direction, information or action.
It is intended under the Plan that each named Fiduciary shall be responsible for
the proper exercise of its own powers, duties, responsibilities and obligations
under the Plan as specified or allocated herein. No named Fiduciary shall
guarantee the Trust Fund in any manner against investment loss or depreciation
in asset value. Any person or group may serve in more than one Fiduciary
capacity.

      10.12 HEADINGS

            The headings and subheadings of this Plan have been inserted for
convenience of reference and are to be ignored in any construction of the
provisions hereof.

      10.13 APPROVAL BY INTERNAL REVENUE SERVICE

                                      -47-
<PAGE>

            Notwithstanding anything herein to the contrary, if, pursuant to an
application for qualification filed by or on behalf of the Plan 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 that the Secretary of the Treasury may
prescribe, the Commissioner of Internal Revenue Service or the Commissioner's
delegate should determine that the Plan does not initially qualify as a
tax-exempt plan under Code Sections 401 and 501, and such determination is not
contested, or if contested, is finally upheld, then if the Plan is a new plan,
it shall be void ab initio and all amounts contributed to the Plan by the
Employer, less expenses paid, shall be returned within one (1) year and the Plan
shall terminate, and the Trustee shall be discharged from all further
obligations. If the disqualification relates to an amended plan, then the Plan
shall operate as if it had not been amended.

      10.14 UNIFORMITY

            All provisions of this Plan shall be interpreted and applied in a
uniform, nondiscriminatory manner. In the event of any conflict between the
terms of this Plan and any Contract purchased hereunder, the Plan provisions
shall control.

      10.15 VOTING COMPANY STOCK

            Each Participant or Beneficiary in the Plan shall be entitled to
direct the Trustee as to the manner in which the shares of Company Stock which
are entitled to vote and which are allocated to the account of such Participant
or Beneficiary are to be voted at all stockholders' meetings. Each Participant
or Beneficiary in the Plan shall also be entitled to direct the Trustee as to
how to respond to a tender or exchange offer for any or all shares attributable
to the account of such Participant or Beneficiary as of the December 31
preceding, or coincident with, the offer. The Trustee shall confidentially
receive and tally the instructions from Participants and beneficiaries and shall
not disclose such instructions to the Employer or the HR Committee or any
officer, director or affiliate of the Employer. Any shares of Company Stock for
which a signed voting direction instrument is not received from the Participant
or Beneficiary, or is not subject to being received, shall be voted by the
Trustee in the same proportion as the shares of Company Stock for which signed
voting direction instruments are received as to the matter to be voted upon.
With respect to tender or exchange offers, however, if the Trustee shall not
receive instructions with respect to a Participant or Beneficiary regarding any
such tender or exchange offer for such shares of Company Stock (or shall receive
instructions not to tender or exchange such shares of Company Stock), the
Trustee shall have no discretion in such matter and shall take no action with
respect thereto. Any shares of Company Stock for which instructions are not
subject to being received shall be tendered by the Trustee only in the same
proportion as the stock for which the instructions to tender are received. Any
securities received by the Trustee as a result of a tender of shares of Company
Stock shall be held, and any cash so received, shall be invested in short-term
investments for the account of the Participant or Beneficiary with respect to
whom shares of Company Stock were tendered pending any reinvestment by the
Trustee consistent with the terms and purpose of the Plan. Anything herein to
the contrary notwithstanding, the Trustee's duties with respect to voting shares
of Company Stock are governed by the fiduciary provisions of the Act. These
fiduciary provisions of the Act may require, in certain limited circumstances,
that the Trustee override the votes of Participants and

                                      -48-
<PAGE>

Beneficiaries with respect to the shares of Company Stock and to determine, in
the Trustee's best judgment, how to vote the shares of Company Stock.

                                   ARTICLE XI
                             PARTICIPATING EMPLOYERS

      11.1  ADOPTION BY OTHER EMPLOYERS

            With the consent of the Employer, any other employer may adopt the
Plan and all of the provisions hereof and participate herein as a Participating
Employer. A "Participating Employer" shall mean any corporation that is a member
of a controlled group of corporations (within the meaning of Section 414(b) of
the Code) of which the Employer is a member and any unincorporated trade or
business that is a member of a group of trades or businesses under common
control (within the meaning of Section 414(c) of the Code) of which the Employer
is a member, which, with the prior approval of the Employer and subject to such
terms and conditions as may be imposed by such Employer and the Trustee, shall
adopt this Plan in accordance with the provisions of Section 11.2 and the trust
agreement. Such entity shall continue to be a Participating Employer until such
entity terminates its participation in the Plan in accordance with Section 11.6.

      11.2  REQUIREMENTS OF PARTICIPATING EMPLOYERS

      (a) Each Participating Employer shall be required to use the same Trustee
as provided in the Plan.

      (b) The Trustee may commingle, hold and invest in one or more Trust Funds
all contributions made by the Employer and all Participating Employers, as well
as all increments thereof. The assets of the Plan shall, on an ongoing basis, be
available to pay benefits to all Participants in the Plan without regard to the
Employer or Participating Employer who contributed such assets.

      (c) On the basis of information furnished by the Employer, the Trustee
shall keep separate books and records concerning the affairs of each
Participating Employer and as to the benefits of the Participants of each
Participating Employer.

      (d) Each Participating Employer shall pay to the Trustee its proportionate
share of the contributions to the Plan, as determined by the Trustee. Each
Participating Employer shall also pay to the Employer its proportionate share of
any administrative expenses of the Plan which are to be paid by the Employer.

      11.3  DESIGNATION OF AGENT

      Each Participating Employer shall be deemed to have designated irrevocably
the Employer, the HR Committee, the Trustee and investment fiduciaries as its
agents.

      11.4  PLAN AMENDMENT

                                      -49-
<PAGE>

      Each Participating Employer shall be deemed to have delegated to the HR
Committee the right at any time to amend the Plan in accordance with the terms
of the Plan, regardless of whether any such amendment could affect the
Participating Employer's share of the cost of the Plan.

      11.5  EMPLOYEE TRANSFERS

      In the event of a transfer of an Employee from or to the Employer or a
Participating Employer, the Employee shall receive credit for service with the
transferor or predecessor. The transfer of any Participant from or to the
Employer or a Participating Employer shall not affect such Participant's rights
under the Plan, and the Participant's benefits as well as the Participant's
accumulated service with the transferor or predecessor shall continue to the
credit of such Participant. No transfer shall effect a termination of employment
under the Plan, and the Participating Employer to which the Participant is
transferred shall thereupon become obligated under the Plan with respect to such
Participant in the same manner as was the Employer or Participating Employer
from whom the Participant was transferred.

      11.6  WITHDRAWAL OF A PARTICIPATING EMPLOYER

      (a) A Participating Employer may terminate its participation in the Plan
by giving the Employer prior written notice specifying a termination date which
shall be the last day of a month at least thirty (30) days subsequent to the
date such notice is delivered to the Employer, unless the Employer shall have
waived its right to such notice. The Employer may terminate a Participating
Employer's participation in the Plan as of any termination date by giving the
Participating Employer prior written notice specifying a termination date which
shall be the last day of a month at least thirty (30) days subsequent to the
date such notice is delivered to the Participating Employer, unless the
Participating Employer shall have waived its right to such notice.

      (b) To the maximum extent permitted by the Act and the Code, any rights of
Participants no longer employed by a Participating Employer and their
Beneficiaries shall be unaffected by a termination of the Plan as to such
Participating Employer. The benefits provided under the Plan with respect to
each Participant employed by such Participating Employer as of the termination
date will be paid or forfeited in accordance with the Plan as if such
termination had not occurred. Notwithstanding the foregoing, the Employer may
direct the Trustee to segregate such portion of the assets of the Plan as the
Trustee shall determine to be properly allocable in accordance with the Act to
the Participants of such Participating Employer and direct the Trustee to apply
said assets for the benefit of the Participants employed by such Participating
Employer as of the termination date in such manner as the Employer shall
determine including, without limitation, payment to such Participants or a
transfer to a successor employee benefit plan which is qualified under Section
401(a) of the Code, or any combination thereof. Any such payments or transfers
of said assets shall constitute a complete discharge of all liabilities under
the Plan with respect to such Participating Employer's participation in the Plan
and any Participant employed by such Participating Employer. To the maximum
extent permitted by the Act and the Code, the termination of the Plan as to any
Participating Employer shall not in any way affect any other Participating
Employer's participation in the Plan.

                                      -50-
<PAGE>

      11.7  ADMINISTRATOR'S AUTHORITY

            The Administrator shall have all of the duties and responsibilities
authorized by the Plan and shall have the authority to make any and all rules,
regulations and decisions necessary or appropriate to effectuate the terms of
the Plan, which shall be binding upon each Participating Employer and all
Participants.

            IN WITNESS WHEREOF, this Plan has been executed the day and year
first above written.

                                                 Rockville Bank

                                                 By_______________________
                                                         EMPLOYER

                                      -51-<PAGE>

                                                                  EXHIBIT 10.15

                                 Rockville Bank
     Officer Incentive Compensation Plan (OICP) Description for Fiscal 2005

I.       Plan Purpose - The OICP an annual, or short-term compensation plan
specifically designed to encourage participants to produce results that enable
The Bank to reach targeted levels of fiscal performance for the fiscal year. The
OICP provides participants with an opportunity to earn variable rewards that are
contingent on the actual fiscal performance of the bank and the contribution
that officers make toward that end. A significant portion of the overall annual
cash compensation of participants comes from the OICP.

II.      Performance Period - This is an annual plan that is linked with each
fiscal year. This plan description describes the plan as designed for the period
January 1, 2005 through December 31, 2005.

III.     Plan Participants - All officers of The Bank are eligible to
participate in the OICP. If an individual joins The Bank as an officer or is
promoted to officer status before June 1 of the fiscal year, the incentive award
is prorated for the amount of time worked during the plan year. Individuals that
join the bank as an officer or are promoted to officer status after June 1 of
the plan year are not eligible to participate in the OICP for that fiscal year.

IV.      Participation Levels - Each participant has a target incentive level
identified for the performance period. This is expressed as a percentage of base
salary and a dollar amount. The target incentive is the amount that will be
available if The Bank reaches the earnings target in the business plan. The HR
Committee approves participation levels for the CEO and his/her direct reports
and the CEO approves participation levels for other participating officers. The
SVP HR maintains a record of the target level of performance for each
participant and ensures that all participants are informed of their target
awards and the plan provisions.

V.       Plan Formula - The SVP HR and the EVP identify a threshold level of
earnings performance that must be achieved before any incentive awards are made
available. A target, or planned, level of earnings is also determined. This is
the level of earnings that is established in the annual business plan. For FY
2005 the threshold level of performance is set at 90% of plan. At that point the
targeted incentive pool will be 50% funded. As fiscal performance exceeds the
threshold level, and increases in 1% increments, from 90% of plan to 91%, 92%,
etc. an additional 10% of the target pool will be added at each 1% increase in
plan. At the target level of fiscal performance, or 100% of plan, the incentive
pool is sufficient for all participants to be eligible for their target awards.
For Fiscal 2005, the incentive pool will be capped when the amount reaches the
target level.

<PAGE>

VI.      Plan Communications - Following approval of the OICP by the HR
Committee of the Board of Directors, the SVP HR ensures directly or through
others that all participants are notified of their participation, target awards,
the plan formula, how incentive awards are calculated and what they must do to
positively influence the size of their awards. During the performance period the
SVP and the CEO ensure that all participants are provided with periodic updates
on the status of the OICP.

VII.     Award Determination - As soon as practical, following the end of the
fiscal year, the SVP HR the CFO, the EVP and the CEO determine the actual
earnings performance of The Bank and calculate the incentive pool. The actual
incentive pool is divided by the target incentive pool and this percentage is
applied to the target awards of all participants to calculate the formula awards
that are available depending on the personal performance of each officer.

Managers appraise the performance of participants who report to them and use
this information to identify the amount of the formula awards that will be paid.
The SVP HR provides guidelines to managers to use in this determination.
Managers submit their recommendations to the SVP HR who forwards them to the CEO
for review.

The CEO and SVP HR presents the recommended incentive award payments to the HR
Committee of the Board of Directors for review and approval. As soon as the
awards are approved, the SVP HR notifies participants of their incentive
payments. This process follows the normal communications channels including
functional managers.

VIII.    Award Payments - As soon as practical following approval by the HR
Committee of the Board of Directors and before March 15th of the year following
the plan period, incentive awards are paid. The payments are made by separate
check and specifically designated as incentive awards for the fiscal year.

IX.      OICP Review -- Each year the CEO reviews the OICP and determines what
modifications are needed for the coming year. The SVP HR ensures that all
participants are informed about any changes in the program.

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