Document:

Exhibit
10.1

NONQUALIFIED DEFERRED COMPENSATION PLAN

BASIC
PLAN DOCUMENT

November 2006

TABLE OF CONTENTS

	
  PREAMBLE

  	
   

  	
  1

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  I

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  DEFINITIONS

  	
   

  	
  2

  
	
  1.1 Account

  	
   

  	
  2

  
	
  1.2 Adoption
  Agreement

  	
   

  	
  2

  
	
  1.3 Beneficiary

  	
   

  	
  2

  
	
  1.4 Benefit Benchmarks

  	
   

  	
  2

  
	
  1.5 Board

  	
   

  	
  2

  
	
  1.6 Certificate
  of Divestiture

  	
   

  	
  2

  
	
  1.7 Change in
  Control Event

  	
   

  	
  2

  
	
  1.8 Code

  	
   

  	
  7

  
	
  1.9 Compensation

  	
   

  	
  7

  
	
  1.10
  Compensation Deferral Agreement

  	
   

  	
  7

  
	
  1.11
  Compensation Deferrals

  	
   

  	
  7

  
	
  1.12 Corporate
  Dissolution

  	
   

  	
  7

  
	
  1.13 De minimis
  Distribution

  	
   

  	
  7

  
	
  1.14 Disability

  	
   

  	
  7

  
	
  1.15
  Distributable Event

  	
   

  	
  7

  
	
  1.16 Domestic
  Relations Order

  	
   

  	
  8

  
	
  1.17 Effective
  Date

  	
   

  	
  8

  
	
  1.18 Eligible
  Service Provider

  	
   

  	
  8

  
	
  1.19 ERISA

  	
   

  	
  8

  
	
  1.20 Interim
  Distribution Date

  	
   

  	
  8

  
	
  1.21 Investment
  Credits and Debits

  	
   

  	
  8

  
	
  1.22 Nonqualified Deferred Compensation Plan

  	
   

  	
  8

  
	
  1.23 Participant

  	
   

  	
  8

  
	
  1.24 Plan

  	
   

  	
  9

  
	
  1.25 Plan
  Administrator

  	
   

  	
  9

  
	
  1.26 Separation
  from Service

  	
   

  	
  9

  
	
  1.27 Service
  Recipient

  	
   

  	
  9

  
	
  1.28 Specified
  Employee

  	
   

  	
  9

  
	
  1.29 Spouse

  	
   

  	
  10

  
	
  1.30 Taxable
  Year

  	
   

  	
  10

  
	
  1.31 Trust

  	
   

  	
  10

  
	
  1.32 Trustee

  	
   

  	
  10

  
	
  1.33
  Unforeseeable Emergency

  	
   

  	
  10

  
	
  1.34
  Valuation Date

  	
   

  	
  10

  
	
  1.35 Without
  Good Cause

  	
   

  	
  11

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  II

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ELIGIBILITY AND PARTICIPATION

  	
   

  	
  11

  
	
  2.1 Eligibility

  	
   

  	
  11

  
	
  2.2
  Participation

  	
   

  	
  11

  
	
  2.3 Compensation
  Deferral Agreement

  	
   

  	
  11

  
	
  2.4 Matching
  Credits and Discretionary Credits

  	
   

  	
  12

  
	
  2.5 Establishing
  a Reserve for Plan Liabilities

  	
   

  	
  12

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  III

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  PARTICIPANT ACCOUNTS AND REPORTS

  	
   

  	
  12

  
	
  3.1
  Establishment of Accounts

  	
   

  	
  12

  
	
  3.2
  Account Maintenance

  	
   

  	
  12

  
	
  3.3 Investment
  Credits and Debits

  	
   

  	
  13

  
	
  3.4 Participant
  Statements

  	
   

  	
  14

  

 

  
 ii
 

 

	
  ARTICLE IV

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  WITHHOLDING OF TAXES

  	
   

  	
  14

  
	
  4.1 Annual
  Withholding from Compensation

  	
   

  	
  14

  
	
  4.2 Withholding
  from Benefit Distributions

  	
   

  	
  15

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  V

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  VESTING

  	
   

  	
  15

  
	
  5.1 Vesting

  	
   

  	
  15

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  VI

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  PAYMENTS

  	
   

  	
  15

  
	
  6.1 Benefits

  	
   

  	
  15

  
	
  6.2 Separation
  from Service Payment

  	
   

  	
  16

  
	
  6.3 Conflict of
  Interest Divestiture

  	
   

  	
  16

  
	
  6.4 Death
  Benefit

  	
   

  	
  17

  
	
  6.5 Disability
  Benefit

  	
   

  	
  17

  
	
  6.6 Domestic
  Relations Order Payment

  	
   

  	
  17

  
	
  6.7
  Unforeseeable Emergency Distribution

  	
   

  	
  18

  
	
  6.8 Election to
  Receive Interim Distributions

  	
   

  	
  18

  
	
  6.9 Permissible
  Delay in Payments

  	
   

  	
  19

  
	
  6.10
  Beneficiary Designation

  	
   

  	
  19

  
	
  6.11
  Claims Procedure

  	
   

  	
  20

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  VII

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  CANCELLATION OF DEFERRALS

  	
   

  	
  25

  
	
  7.1
  Unforeseeable Emergency

  	
   

  	
  25

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  VIII

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  PLAN ADMINISTRATION

  	
   

  	
  25

  
	
  8.1 Appointment

  	
   

  	
  25

  
	
  8.2 Duties of
  Plan Administrator

  	
   

  	
  25

  
	
  8.3 Service
  Recipient

  	
   

  	
  26

  
	
  8.4
  Administrative Fees and Expenses

  	
   

  	
  26

  
	
  8.5 Plan
  Administration and Interpretation

  	
   

  	
  26

  
	
  8.6 Powers,
  Duties, Procedures

  	
   

  	
  27

  
	
  8.7 Information

  	
   

  	
  27

  
	
  8.8
  Indemnification of Plan Administrator

  	
   

  	
  27

  
	
  8.9 Plan
  Administration Following a Change in Control Event

  	
   

  	
  27

  
	
   

  	
   

  	
   

  
	
  ARTICLE IX

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TRUST FUND

  	
   

  	
  28

  
	
  9.1 Trust

  	
   

  	
  28

  
	
  9.2 Unfunded
  Plan

  	
   

  	
  28

  
	
  9.3
  Assignment and Alienation

  	
   

  	
  28

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  X

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  AMENDMENT AND PLAN TERMINATION

  	
   

  	
  28

  
	
  10.1 Amendment

  	
   

  	
  28

  
	
  10.2 Plan
  Termination

  	
   

  	
  29

  
	
  10.3 Plan
  Termination Following a Change in Control Event

  	
   

  	
  29

  
	
  10.4 Plan
  Termination Following a Corporate Dissolution

  	
   

  	
  29

  
	
  10.5 Plan
  Termination in Connection with Termination of Certain Similar Arrangements

  	
   

  	
  30

  
	
  10.6 Effect of
  Payment

  	
   

  	
  31

  

 

  
 iii
 

 

	
  ARTICLE XI

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  MISCELLANEOUS

  	
   

  	
  31

  
	
  11.1
  Total Agreement

  	
   

  	
  31

  
	
  11.2
  Employment Rights

  	
   

  	
  31

  
	
  11.3
  Non-Assignability

  	
   

  	
  31

  
	
  11.4 Binding
  Agreement

  	
   

  	
  31

  
	
  11.5 Receipt and
  Release

  	
   

  	
  32

  
	
  11.6 Furnishing
  Information

  	
   

  	
  32

  
	
  11.7 Compliance
  with Code §409A

  	
   

  	
  32

  
	
  11.8 Insurance

  	
   

  	
  32

  
	
  11.9
  Governing Law

  	
   

  	
  32

  
	
  11.10 Headings
  and Subheadings

  	
   

  	
  33

  

 

  
 iv

PREAMBLE

The
Service Recipient, by executing the Nonqualified Deferred Compensation Plan
Adoption Agreement, hereby establishes or amends an unfunded Nonqualified
Deferred Compensation Plan for a select group of management or highly
compensated Service Providers.  Under the
terms of the Plan, Eligible Service Providers may elect to defer receipt of
their Compensation to a later Taxable Year.

Participants
shall have no right, either directly or indirectly, to anticipate, sell, assign
or otherwise transfer any benefit accrued under the Plan.  In addition, no Participant shall have any
interest in any Service Recipient assets set aside as a source of funds to
satisfy its benefit obligations under the Plan. 
Participants shall have the status of general unsecured creditors of the
Service Recipient and the Plan constitutes an unsecured promise by the Service
Recipient to make benefit payments in the future.

The
Plan is intended to be “a plan which is unfunded and is maintained by an
employer primarily for the purpose of providing deferred compensation for a
select group of management or highly compensated employees” within the meaning
of §§201(2) and 301(a)(3) of the Employee Retirement Income Security Act of
1974 (“ERISA”), is intended to comply with the requirements of the Internal
Revenue Code §409A and regulations and binding guidance issued thereunder to
avoid adverse tax consequences, and shall be interpreted and administered to
the extent possible in a manner consistent with that intent.

  
 1
 

ARTICLE I

DEFINITIONS

1.1.                    Account  The
bookkeeping account established for each Participant to record his or her
benefit under the Plan.  Where the
context so requires, references to the Participant’s Account, or to the
Participant’s vested Account, shall mean the portion of the Account
attributable to a specific Taxable Year for which a benefit is payable.

1.2.                    Adoption Agreement 
The written instrument attached to this Basic Plan Document by which the
Service Recipient establishes a Nonqualified Deferred Compensation Plan for
Eligible Service Providers.

1.3.                    Beneficiary  An
individual, individuals, trust or other entity designated by the Participant to
receive his or her benefit in the event of the Participant’s death.  If more than one Beneficiary survives the
Participant, the Participant’s benefit shall be divided equally among all such
Beneficiaries, unless otherwise provided in the Beneficiary Designation
form.  Nothing herein shall prevent the
Participant from designating primary and contingent Beneficiaries.

1.4.                    Benefit Benchmarks 
Hypothetical investment funds or benchmarks made available to
Participants by the Plan Administrator for purposes of valuing benefits under
the Plan.

1.5.                    Board  The Board
of Directors of a Service Recipient or similar governing body if the Service
Recipient has no Board of Directors.

1.6.                    Certificate of Divestiture  Any
written determination that (1) states that divestiture of specific property is
reasonably necessary to comply with any Federal conflict of interest statute,
regulation, rule, or executive order (including section 208 of title 18, United
States Code), or requested by a congressional committee as a condition of
confirmation; (2) has been issued by the President of the United States or the
Director of the Office of Government Ethics; and (3) identifies the specific
property to be divested.

1.7.                    Change in Control Event  A
Change in Ownership, Change in Effective Control or Change in Ownership of a
Substantial Portion of Assets of a Service Recipient as defined in the Adoption
Agreement.

  
 2
 

(a)          Change in Effective Control of the Corporation

(i.)                   Notwithstanding that a corporation has not
undergone a Change in Ownership, a Change in Effective Control occurs on the
date that either:

a.               any one person or Persons Acting as a Group,
acquires (or has acquired during the 12-month period ending on the date of the
most recent acquisition by such person or Persons Acting as a Group) ownership
of stock of the corporation possessing 35 percent or more of the total voting
power of the stock of such corporation; or

b.              a majority of members of the corporation’s
board of directors is replaced during any 12-month period by directors whose
appointment or election is not endorsed by a majority of the members of the
corporation’s board of directors prior to the date of the appointment or
election, provided that for purposes of this Section 1.7(a)(i)(b) the term
corporation refers solely to the relevant corporation identified below for
which no other corporation is a majority shareholder for purposes of that section.

In the absence of an event
described in Section 1.7(a)(i)(a) or Section 1.7(a)(i)(b) a Change in Effective
Control will not have occurred.

(ii.)                A Change in Effective Control may occur in
any transaction in which either of the two corporations involved in the
transaction has a Change in Ownership or a Change in Ownership of a Substantial
Portion of Assets.

(iii.)             If any one person or Persons Acting as a
Group, is considered to effectively control a corporation (within the meaning
of this Section 1.7(a)), the acquisition of additional control of the
corporation by the same person or Persons Acting as a Group is not considered
to cause a Change in Effective Control (or to cause a Change in Ownership
within the meaning of Section 1.7(b)).

(b)         Change in the Ownership of the
Corporation  A Change in Ownership occurs on the date that
any one person or Persons Acting as a Group, acquires ownership of stock of the
corporation that, together with stock held by such person or Persons Acting as
a Group, constitutes more than 50 percent of the total fair market value or
total voting power of the stock of such corporation.

  
 3
 

However,
if any one person or Persons Acting as a Group, is considered to own more than
50 percent of the total fair market value or total voting power of the stock of
a corporation, the acquisition of additional stock by the same person or
Persons Acting as a Group is not considered to cause a Change in Ownership (or
to cause a Change in Effective Control). An increase in the percentage of stock
owned by any one person or Persons Acting as a Group, as a result of a
transaction in which the corporation acquires its stock in exchange for
property will be treated as an acquisition of stock for purposes of a Change in
Ownership. A Change in Ownership applies only when there is a transfer of stock
of a corporation (or issuance of stock of a corporation) and stock in such
corporation remains outstanding after the transaction.

(c)          Change in the Ownership of a
Substantial Portion of a Corporation’s Assets

(i.)          A Change in Ownership of a Substantial
Portion of Assets occurs on the date that any one person or Persons Acting as a
Group, acquires (or has acquired during the 12-month period ending on the date
of the most recent acquisition by such person or Persons Acting as a Group)
assets from the corporation that have a total gross fair market value equal to
or more than 40 percent of the total gross fair market value of all of the
assets of the corporation immediately prior to such acquisition or acquisitions.
For this purpose, gross fair market value means the value of the assets of the
corporation, or the value of the assets being disposed of, determined without
regard to any liabilities associated with such assets.

(ii.)       There is no Change in Ownership of a
Substantial Portion of Assets when there is a transfer to an entity that is
controlled by the shareholders of the transferring corporation immediately
after the transfer, as provided in this Section 1.7(c). A transfer of assets by
a corporation is not treated as a change in the ownership of such assets if the
assets are transferred to:

a.               a shareholder of the corporation (immediately
before the asset transfer) in exchange for or with respect to its stock;

b.              an entity, 50 percent or more of the total
value or voting power of which is owned, directly or indirectly, by the
corporation;

  
 4
 

c.               a person or Persons Acting as a Group, that
owns, directly or indirectly, 50 percent or more of the total value or voting
power of all the outstanding stock of the corporation; or

d.              an entity, at least 50 percent of the total
value or voting power of which is owned, directly or indirectly, by a person
described in Section 1.7(c)(ii)(c.).

For
purposes of this Section 1.7(c) and except as otherwise provided, a person’s
status is determined immediately after the transfer of the assets.

(d)         Persons Acting as a Group

(i.)                   With regards to Change in the Ownership,
persons will not be considered to be acting as a group solely because they
purchase or own stock of the same corporation at the same time, or as a result
of the same public offering. However, persons will be considered to be acting
as a group if they are owners of a corporation that enters into a merger,
consolidation, purchase or acquisition of stock or similar business transaction
with the corporation. If a person, including an entity, owns stock in both
corporations that enter into a merger, consolidation, purchase or acquisition
of stock, or similar transaction, such shareholder is considered to be acting
as a group with other shareholders in a corporation prior to the transaction
giving rise to the change and not with respect to the ownership interest in the
other corporation.

(ii.)                With regards to Change in Effective Control,
persons will not be considered to be acting as a group solely because they
purchase or own stock of the same corporation at the same time, or as a result
of the same public offering. However, persons will be considered to be acting
as a group if they are owners of a corporation that enters into a merger,
consolidation, purchase or acquisition of stock or similar business transaction
with the corporation. If a person, including an entity, owns stock in both
corporations that enter into a merger, consolidation, purchase or acquisition
of stock, or similar transaction, such shareholder is considered to be acting
as a group with other shareholders in a corporation only with respect to the
ownership in that corporation prior to the transaction giving rise to the
change and not with respect to the ownership interest in the other corporation.

  
 5
 

(iii.)             With regards to Change in Ownership of a
Substantial Portion of Assets, persons will not be considered to be acting as a
group solely because they purchase assets of the same corporation at the same
time.  However, persons will be
considered to be acting as a group if they are owners of a corporation that
enters into a merger, consolidation, purchase or acquisition of assets or
similar business transaction with the corporation. If a person, including an
entity shareholder owns stock in both corporations that enter into a merger,
consolidation, purchase or acquisition of stock, or similar transaction, such
shareholder is considered to be acting as a group with other shareholders in a
corporation only to the extent of the ownership in that corporation prior to
the transaction giving rise to the change and not with respect to the ownership
interest in the other corporation.

(e)          To constitute a Change in Control Event as to
the Participant, the Change in Control Event must relate to:

(i.)                   the corporation for whom the Participant is
an Eligible Service Provider at the time of the Change in Control Event;

(ii.)                the corporation that is liable for the
payment of the Account (or all corporations liable for the payment if more than
one corporation is liable); or

(iii.)             a corporation that is a majority shareholder
of a corporation identified in Section 1.7(e)(i) or Section 1.7(e)(ii), or any
corporation in a chain of corporations in which each corporation is a majority
shareholder of another corporation in the chain, ending in a corporation
identified in Section 1.7(e)(i) or Section 1.7(e)(ii). With regard to a
relevant corporation, a majority shareholder is a shareholder owning more than
50% of the total fair market value and total voting power of such corporation.

(f)            Stock Ownership  For
the purposes of this Section 1.7, ownership of stock will be determined by the
application of Code §318(a). Stock underlying a vested option is considered
owned by the individual who holds the vested option (and the stock underlying
an unvested option is not considered owned by the individual who holds the
unvested option). For purposes of the preceding sentence, however, if a vested
option is exercisable for stock that is not substantially vested (as defined by
Treasury Regulation §§ 1.83-3(b) and (j)), the stock underlying the option is
not treated as owned by the individual who holds the option. In addition,
mutual

  
 6
 

and
cooperative corporations are treated as having stock for purposes of this
Section 1.7(f).

1.8.                    Code  The Internal
Revenue Code of 1986, as amended from time to time.  Reference to any section or subsection of the
Code includes reference to any comparable or succeeding provisions of any
legislation which amends, supplements or replaces such section or subsection.

1.9.                    Compensation 
Shall have the meaning elected by the Service Recipient in the Adoption
Agreement.

1.10.             Compensation
Deferral Agreement  The written
agreement between an Eligible Service Provider and the Service Recipient to
defer receipt by the Eligible Service Provider of Compensation.  Such agreement shall state the deferral
amount or percentage of Compensation to be withheld from the Eligible Service
Provider’s Compensation and shall state the date on which the agreement is
effective, as provided at Section 2.3.

1.11.             Compensation
Deferrals  That portion of
an Eligible Service Provider’s Compensation which is deferred under the terms
of this Nonqualified Deferred Compensation Plan.

1.12.             Corporate Dissolution  A corporate dissolution taxed pursuant to
Code §331 or with the approval of a bankruptcy court pursuant to section
503(b)(1)(A) of title 11, United States Code.

1.13.             De minimis Distribution  Shall have the meaning elected by the Service
Recipient in the Adoption Agreement.

1.14.             Disability  A Participant shall be considered disabled if
the Participant (1) is unable to engage in any substantial gainful activity by
reason of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period
of not less than 12 months; or (2) is, by reason of any medically determinable
physical or mental impairment which can be expected to result in death or can
be expected to last for a continuous period of not less than 12 months,
receiving income replacement benefits for a period of not less than 3 months
under an accident and health plan covering Service Providers of the Participant’s
Service Recipient.

1.15.             Distributable
Event  The events entitling
a Participant or Beneficiary to a payment of benefits under the Plan, which
shall include: Separation from Service; death; Disability; the occurrence of an
Interim Distribution Date; the occurrence of an Unforeseeable Emergency; and
Plan Termination Following a Change of Control Event, if applicable; Conflict
of Interest Divestiture; and Domestic Relations Order. Distribution resulting
from a Separation of Service for a Specified Employee may not be made before
the date which is six (6) months after the Separation from Service or, if

  
 7
 

earlier, the date of
death of the Specified Employee.  The
first payment made following the six-month period described above shall include
all payments that otherwise would have been made during such period.

1.16.             Domestic
Relations Order  Any
judgment, decree, or order (including approval of a property settlement
agreement) which relates to the provision of child support, alimony payments,
or marital property rights to a Spouse, former Spouse, child, or other
dependent of a participant and is made pursuant to a State domestic relations
law (including a community property law).

1.17.             Effective
Date  The date selected in
the Adoption Agreement as of which the Plan first becomes effective or is
amended.

1.18.             Eligible
Service Provider  Any
common-law employee, or non-employee director who provides services to the
Service Recipient designated by the Service Recipient as eligible to
participate in the Plan in accordance with Section 2.1.  Only those
individuals who are part of a select group of management or highly compensated
Eligible Service Providers, as determined by the Service Recipient in its sole
discretion, may be designated as Eligible Service Providers under the Plan.

1.19.             ERISA  The Employee Retirement Income Security Act
of 1974, as amended. Reference to any section or subsection of ERISA includes
reference to any comparable or succeeding provisions of any legislation which
amends, supplements or replaces such section or subsection.

1.20.             Interim
Distribution Date  The
first day of a Taxable Year that is three (3) years, five (5) years, or ten
(10) years, as selected by the Participant at the time he or she files a
Compensation Deferral Agreement for a given Taxable Year, from the end of the
Taxable Year to which the Compensation Deferral Agreement applies, upon which a
distribution may be made to the Participant in accordance with Section 6.8 hereof.

1.21.             Investment
Credits and Debits  Bookkeeping
adjustments to Participants’ Accounts to reflect the hypothetical interest,
earnings, appreciation, losses and depreciation that would be accrued or
realized if assets equal to the value of such Accounts were invested in
accordance with such Participants’ Benefit Benchmarks.

1.22.             Nonqualified Deferred Compensation Plan  A plan, within the meaning of
ERISA §201(2), the purpose of which is to permit a select group of management
or highly compensated Eligible Service Providers to defer receipt of a portion
of their Compensation to a future date.

1.23.             Participant  An Eligible Service Provider
who is currently deferring a portion of his or her Compensation under this
Plan, or an Eligible Service Provider

  
 8
 

or former Eligible
Service Provider who is still entitled to the payment of benefits under the
Plan.

1.24.             Plan  The Nonqualified Deferred Compensation Plan
established by the Service Recipient under the terms of this Basic Plan
Document and the accompanying Adoption Agreement.

1.25.             Plan
Administrator  The
individual(s) or committee appointed by the Service Recipient identified in
Section I of the Adoption Agreement to administer the Plan as provided
herein.  If no such appointment is made,
the Chief Executive Officer of the Service Recipient identified in Section I of
the Adoption Agreement (or the most senior officer of such Service Recipient if
the Service Recipient does not have a Chief Executive Officer) shall serve as
the Plan Administrator.  In no event
shall a Plan Administrator who is a Participant be permitted to make decisions
regarding his or her benefits under this Plan; rather, such decisions shall be
made by the other members of any committee appointed to act as the Plan
Administrator or, if no such committee has been appointed, the most senior
officer of the Service Recipient identified in Section I of the Adoption Agreement
whose benefits are not at issue in the decision.  If a Change in Control Event occurs with
respect to the Service Recipient named in Section I of the Adoption Agreement,
the existing Plan Administrator shall be removed, and a new Plan Administrator
shall be appointed as provided in Section 8.9.

1.26.             Separation
from Service  The
voluntary or involuntary termination of employment from the Service Recipient
and any entity or business with which the Service Recipient would be considered
a single employer under Code §§414(b) and 414(c), for any reason other than
Disability or death.  A director shall,
for purposes of the Plan, be deemed to have incurred a Separation from Service
on the date the director is no longer any of a director or an employee of the
Service Recipient and any entity or business with which the Service Recipient
would be considered a single employer under Code §§414(b) and 414(c).

1.27.             Service
Recipient  The corporation
or business entity identified in Section I of the Adoption Agreement, including
any successor to such corporation or business that assumes the obligations of
such corporation or business.  The term
Service Recipient shall also include, where appropriate, any entity affiliated
with the Service Recipient which adopts the Plan with the consent of the
Service Recipient and is listed on Exhibit A attached to the Adoption
Agreement.  Only the Service Recipient
identified in Section I of the Adoption Agreement shall have the power to amend
this Plan, appoint the Plan Administrator, or exercise any of the powers
described in Section 8.3 hereof.

1.28.             Specified
Employee  A key employee
(as defined in section Code 416(i) without regard to paragraph (5) thereof) of
a Service Recipient or entity or

  
 9
 

organization that would
be considered a single employer with the Service Recipient pursuant to Code §§
414(b) of 414(c), any stock of which is publicly traded on an established
securities market or otherwise.  A
Participant is a key employee if the Participant meets the requirements of Code
§416(i)(1)(A)(i), (ii) or (iii) (applied in accordance with the regulations
thereunder and disregarding Code §416(i)(5)) at any time during the 12-month
period ending each December 31.  If a
Participant is a key employee at any time during the 12-month period ending on
such December 31, the Participant is treated as a Specified Employee for the
12-month period beginning on the following April 1.  Whether any stock of a Service Recipient is
publicly traded on an established securities market or otherwise must be
determined as of the date of the Participant’s Separation from Service.

1.29.             Spouse  The individual to whom a Participant is
married, or was married in the case of a deceased Participant who was married
at the time of his or her death.

1.30.             Taxable
Year  The 12-consecutive
month period beginning each January 1 and ending each December 31.

1.31.             Trust  The agreement, if any, between
the Service Recipient and the Trustee under which assets may be delivered by
the Service Recipient to the Trustee to offset liabilities assumed by the
Service Recipient under the Plan.  Any
assets held under the terms of the Trust shall be the exclusive property of the
Service Recipient and shall be subject to the creditor claims of the Service
Recipient with respect to whom such Trust has been established.  Participants shall have no right, secured or
unsecured, to any assets held under the terms of the Trust.

1.32.             Trustee  The institution named by the Service
Recipient in the Trust agreement, if any, and any corporation which succeeds
the Trustee by merger or by acquisition of assets or operation of law.

1.33.             Unforeseeable
Emergency  A severe
financial hardship to the Participant resulting from an illness or accident of
the Participant, the Participant’s Spouse, or a dependent (as defined in Code
§152(a)) of the Participant, loss of the Participant’s property due to
casualty, or other similar extraordinary and unforeseeable circumstances
arising as a result of events beyond the control of the Participant.

1.34.             Valuation Date  The date on which Participant Accounts under
the Plan are valued.  The Valuation Date
shall be each business day of the Taxable Year on which the New York Stock
Exchange and, if a Trust has been established in connection with the Plan, the
Trustee are open for business.

  
 10

  1.35.             Without Good Cause  A Participant’s involuntary Separation from
Service from the Service Recipient shall be without good cause if it occurs for
reasons other than the Participant’s commission of a crime involving dishonesty
or moral turpitude (e.g., fraud, theft, embezzlement, deception, etc.);
misconduct, including but not limited to insubordinate behavior, by the
Participant in the performance of his or her job duties and responsibilities;
any conduct by the Participant of a nature which reflects negatively upon the
Service Recipient or which would prevent the Participant from being able to
adequately perform his or her job duties and responsibilities (e.g.,
malicious, willful and wanton, or negligent conduct, etc.); the Participant’s
failure to adequately perform his/her duties and responsibilities as such
duties and responsibilities are, from time to time in the Service Recipient’s
absolute discretion, determined; and the Participant’s breach of any of the
Service Recipient’s established operating policies and procedures.
  ARTICLE
II
  ELIGIBILITY AND
PARTICIPATION
  2.1.                    Eligibility  The
Service Recipient will designate in the Adoption Agreement those persons who
shall be considered Eligible Service Providers under the Plan.
  2.2.                    Participation The Plan Administrator shall provide
written notification to each Eligible Service Provider of his or her
eligibility to participate in the Plan.
  2.3.                    Compensation Deferral Agreement  In
order to defer Compensation under the Plan for a given Taxable Year, an Eligible
Service Provider must enter into a Compensation Deferral Agreement with the
Service Recipient authorizing the deferral of all or part of the Participant’s
Compensation for such Taxable Year.  The
Compensation Deferral Agreement shall also specify the method of payment for
benefits under the Plan and, if applicable, an Interim Distribution Date that
shall apply with respect to any amounts credited to the Participant’s Account
for such Taxable Year.
  All Compensation Deferral
Agreements must be completed prior to the first day of the Taxable Year to
which they relate. Notwithstanding the preceding sentence, if the Effective
Date of the Plan is other than the first day of a Taxable Year, or if an
individual becomes an Eligible Service Provider on a date other than the first
day of a Taxable Year and such individual has not at any time been eligible to
participate in any other account balance nonqualified deferred compensation
arrangement (determined pursuant to Code § 409A) of the Service Recipient or
any other entity or organization with which a Service Provider would be
considered to be a single employer pursuant to Code §§ 414(b) or 414(c), the
Compensation Deferral Agreement must be completed within 30 days after the
Effective Date or within 30 days of the Eligible Service Provider’s

  
 11
 

    initial eligibility
date.  In no event shall a Participant be
permitted to defer Compensation with respect to services performed before the
date on which the Compensation Deferral Agreement is signed by the Participant
and accepted by the Plan Administrator.
  Upon receipt of a
properly completed and executed Compensation Deferral Agreement, the Plan
Administrator shall notify the Service Recipient to commence to withhold that
portion of the Participant’s Compensation specified in the Agreement. In no
event will the Participant be permitted to defer more or less than the
amount(s) specified by the Service Recipient in the Adoption Agreement.
  The Compensation Deferral
Agreement shall remain in effect for the duration of the Taxable Year to which
it relates.
  2.4.                    Matching Credits and Discretionary Credits  The Service Recipient may adjust the Account
of a Participant with matching or discretionary credits.  The amount of the Discretionary Credits
and/or Matching Credits and the formula(s) for allocating such credits will be
selected by the Service Recipient in the Adoption Agreement.
  2.5.                    Establishing a Reserve for Plan Liabilities  The Service Recipient may, but is not
required to, establish one or more Trusts to which the Service Recipient may
transfer such assets as the Service Recipient determines in its sole discretion
to assist in meeting its obligations under the Plan.  Any such assets shall be the property of the
Service Recipient and remain subject to the claims of the Service Recipient’s
creditors, to the extent provided under any Trust established with respect to
such Service Recipient.  The Trustee
shall have no duty to determine whether the amounts forwarded by the Service
Recipient are the correct amount or that they have been transmitted in a timely
manner.
  ARTICLE III
  PARTICIPANT ACCOUNTS AND REPORTS
  3.1.                    Establishment of Accounts  The Plan Administrator shall establish and
maintain individual recordkeeping accounts on behalf of each Participant for
purposes of determining each Participant’s benefits under the Plan. A
Participant’s Account does not represent the Participant’s ownership of, or any
ownership interest in, any assets which may be set aside to satisfy the Service
Recipient’s obligations under the Plan.
  3.2.                    Account Maintenance  As
of each Valuation Date, the Plan Administrator shall credit each Participant’s
Account with the following:

  
 12
 

    (a)          An amount equal to any
Compensation Deferrals made by the Participant since the last Valuation Date;
  (b)         An amount equal to any
Matching Credits or Discretionary Credits, and any forfeitures, if applicable,
since the last Valuation Date; and
  (c)          An amount equal to
deemed Investment Credits under Section
3.3 below since the last Valuation Date.
  As of each Valuation
Date, the Plan Administrator shall debit each Participant’s Account with the
following:
  (d)         An amount equal to any
distributions from the Plan to the Participant or Beneficiary since the last
Valuation Date; and
  (e)          An amount equal to
deemed Investment Debits under Section
3.3 below since the last Valuation Date; and
  (f)            An amount equal to any
forfeitures incurred by the Participant since the last Valuation Date.
  3.3.                    Investment Credits and Debits   The Accounts of Participants shall be
adjusted for Investment Credits and Debits in accordance with this Section 3.3.
  Participants shall have
the right to specify one or more Benefit Benchmarks in which their Compensation
Deferrals, Matching Credits and Discretionary Credits shall be deemed to be
invested.  The Benefit Benchmarks shall
be utilized solely for purposes of adjusting their Accounts in accordance with
procedures adopted by the Plan Administrator. The Plan Administrator shall
provide the Participant with a list of the available Benefit Benchmarks.  From time to time, in the sole discretion of
the Plan Administrator, the Benefit Benchmarks available within the Plan may be
revised. All Benefit Benchmark selections must be denominated in whole
percentages unless the Plan Administrator determines that lower increments are
acceptable.  A Participant may make
changes in the manner in which future Compensation Deferrals, Matching Credits
and/or Discretionary Credits are deemed to be invested among the various
Benefit Benchmarks within the Plan in accordance with procedures established by
the Plan Administrator.  A Participant
may re-direct the manner in which earlier Compensation Deferrals, Matching
Credits and/or Discretionary Credits, as well as any appreciation (or
depreciation) to-date, are deemed to be invested among the Benefit Benchmarks
available in the Plan in accordance with procedures established by the Plan
Administrator.
  As of each Valuation
Date, the Plan Administrator shall adjust the Account of each Participant for
interest, earnings or appreciation (less losses and

  
 13
 

    depreciation) with
respect to the then balance of the Participant’s Account equal to the actual
results of the Participant’s deemed Benefit Benchmark elections.
  All notional
acquisitions and dispositions of Benefit Benchmarks which occur within a Participant’s
Account, pursuant to the terms of the Plan, shall be deemed to occur at such
times as the Plan Administrator shall determine to be administratively feasible
in its sole discretion and the Participant’s Account shall be adjusted
accordingly.  Accordingly, if a
distribution or reallocation must occur pursuant to the terms of the Plan and
all or some portion of the Account must be valued in connection with such
distribution or reallocation (to reflect Investment Credits and Debits), the
Plan Administrator may in its sole discretion, unless otherwise provided for in
the Plan, select a date or dates which shall be used for valuation purposes.
  Notwithstanding anything
to the contrary, any Investment Credits or Debits made to any Participant’s
Account following a Plan Termination or a Change in Control Event shall be made
in a manner no less favorable to Participants than the practices and procedures
employed under the Plan, or as otherwise in effect, as of the date of the Plan
Termination or the Change in Control Event.
  Notwithstanding the
Participant’s deemed Benefit Benchmark elections under the Plan, the Service
Recipient shall be under no obligation to actually invest any amounts in such
manner, or in any manner, and such Benefit Benchmark elections shall be used
solely to determine the amounts by which the Participant’s Account shall be
adjusted under this Section
3.3.
  3.4.                    Participant Statements   The
Plan Administrator shall provide each Participant with a statement showing the
credits and debits from his or her Account during the period from the last
statement date.  Such statement shall be
provided to Participants as soon as administratively feasible following the end
of each Taxable Year and on such other dates as agreed to by the Service
Recipient and the party maintaining Participant records.
  ARTICLE IV
  WITHHOLDING OF TAXES
  4.1.                    Withholding from Compensation  For any Taxable Year in which Compensation
Deferrals, Matching Credits and/or Discretionary Credits are made to or vested
within the Plan (as applicable), the Service Recipient shall withhold the
Participant’s share of FICA and other employment taxes from the portion of the
Participant’s Compensation not

  
 14
 

    deferred.  If deemed appropriate by the Service
Recipient, the amount of compensation deferred pursuant to the Participant’s
Compensation Deferral Agreement may be reduced in certain instances where
necessary to facilitate compliance with applicable withholding requirements.
  4.2.                    Withholding from Benefit Distributions  The Participant’s Service Recipient (or the
Trustee of the Trust, as applicable) shall withhold from any payments made to a
Participant under this Plan all federal, state and local income, employment and
other taxes required to be withheld by the Service Recipient, in connection
with such payments, in amounts and in a manner to be determined in the sole
discretion of the Service Recipient.
  ARTICLE V
  VESTING
  5.1.                    Vesting  A
Participant shall be immediately vested in (i.e., shall have a
non-forfeitable right to) all Compensation Deferrals credited to his or her
Account, including any Investment Credits or Debits associated therewith.  The Service Recipient shall specify in the
Adoption Agreement the vesting provisions applicable to any Discretionary
Credits or Matching Credits allocated to the Accounts of Participants. Upon a
Distributable Event, except as otherwise provided under the Plan, any amount of
the benefit payment credited to the Account of the Participant that is not
vested shall be forfeited.  Forfeitures
incurred by a Participant shall reduce the amounts credited to a Participant’s
Account, but shall not be reallocated to the Accounts of other Participants
unless otherwise specified in the Adoption Agreement.  A distribution for a Domestic Relations Order
Payment under Section 6.6 shall be made from the Account of the Participant
only to the extent it is vested.
  ARTICLE VI
  PAYMENTS
  6.1.                    Benefits  Except
as otherwise provided under the Plan, a Participant’s or Beneficiary’s benefit
payable under the Plan shall be the value of the Participant’s vested Account
at the time a Distributable Event occurs under the Plan with respect to such
Participant or Beneficiary.  Except as
otherwise provided under the Plan, a Participant’s or Beneficiary’s benefit
payable under the Plan shall be the value of the Participant’s vested Account
on the date a Distributions for the Domestic Relations Order Payments under
Section 6.6 or distributions to comply with a Conflict of Interest Divestiture
under Section 6.3. Such benefit shall be payable from the general assets of the
Service Recipient.  In no event, will a
Participant’s right to a benefit under this Plan give such Participant a

  
 15
 

    secured right or claim on
any assets set aside by the Service Recipient to meet its obligations under the
Plan.   All payments from the Plan shall be subject to
applicable tax withholding and shall commence (or be fully paid, in the event a
lump sum form of distribution was selected) no later than sixty (60) days after
the occurrence of the Distributable Event, except as otherwise provided herein.
  6.2.                    Separation from Service Payment  In the event of a Participant’s Separation
from Service, the Participant’s vested Account shall be paid in the form of a
cash lump sum or in annual cash payments (over a period of five (5), ten (10),
or fifteen (15) years), as elected by the Participant.  For purposes of Code § 409A, installment
payments shall be treated as a single payment. 
If applicable, the initial installment shall be based on the value of
the Participant’s vested Account, measured on the date of his or her Separation
from Service, and shall be equal to 1/n (where ‘n’ is equal to the total number
of annual benefit payments not yet distributed).  Subsequent installment payments shall be
computed in a consistent fashion, with the measurement date being the
anniversary of the original measurement date. 
Notwithstanding the Participant’s election regarding the form of the
Separation from Service Payment, the Service Recipient shall make a De minimis
Distribution, as elected by the Service Recipient in the Adoption Agreement,
and pay the Participant’s or Beneficiary’s benefit in a single lump sum
payment.  Election of the form of the
Separation from Service Payment must be provided to the Plan Administrator at
the time the Participant first enters into a Compensation Deferral Agreement.
  Notwithstanding anything
to the contrary, the Participant may subsequently elect a change in the timing
or the form of the Separation from Service Payment, as previously selected, by
submitting the appropriate form to the Plan Administrator, provided however,
such change in form shall be effective only if:
  (a)          it
does not accelerate the time or schedule of any payment;
  (b)         such
election does not take effect until at least twelve (12) months after the date
on which the election is made; and
  (c)          the first payment with
respect to which such election is made is deferred for a period of five (5)
years from the date such payment would otherwise have been made.
  The Plan Administrator
shall have sole and absolute discretion to decide whether such a request shall
be approved but may approve no more than three such requests for any
Participants.
  6.3.                    Conflict of Interest Divestiture  If it is necessary for a Participant to
comply with a Certificate of Divestiture, whether before or after the
Participant has otherwise incurred a Distributable Event or commenced receiving
payments from the Plan, the Plan Administrator, shall pay to the

  
 16
 

    Participant the balance
of the Participant’s vested Account in a single lump sum cash payment.  A Participant requesting a payment to comply
with a Certificate of Divestiture shall apply for the payment in writing on a
form approved by the Plan Administrator and shall provide such additional
information as the Plan Administrator may require.  The Plan Administrator shall have complete
discretion to determine whether the circumstances of the Participant constitute
a Conflict of Interest Divestiture under the Plan.  If, subject to the sole discretion of the
Plan Administrator, the request for a payment to comply with a Certificate of
Divestiture is approved, the distribution shall be made no later than sixty
(60) days after the date of approval by the Plan Administrator.
  6.4.                    Death Benefit  In
the event of the Participant’s death, whether before or after the Participant
has otherwise incurred a Distributable Event or commenced receiving payments
from the Plan, the Participant’s Beneficiary shall receive the balance of the
Participant’s vested Account in a single lump sum cash payment.
  6.5.                    Disability Benefit 
If a Participant suffers a Disability, whether before or after the
Participant has otherwise incurred a Distributable Event or commenced receiving
payments from the Plan, the Plan Administrator, shall pay to the Participant
the balance of the Participant’s vested Account in a single lump sum cash
payment.  A Participant requesting a
payment due to Disability shall apply for the payment in writing on a form
approved by the Plan Administrator and shall provide such additional information
as the Plan Administrator may require. 
The Plan Administrator shall have complete discretion to determine
whether the circumstances of the Participant constitute a Disability under the
Plan.  If, subject to the sole discretion
of the Plan Administrator, the request for a payment due to a Disability is
approved, the distribution shall be made no later than sixty (60) days after
the date of approval by the Plan Administrator.
  6.6.                    Domestic Relations Order Payment  If it is necessary to fulfill a Domestic
Relations Order, whether before or after the Participant has otherwise incurred
a Distributable Event or commenced receiving payments from the Plan, the Plan
Administrator, shall pay to the Spouse, former Spouse, child, or other
dependent of the Participant, as specified in the Domestic Relations Order, the
amount from the Participant’s vested Account required to fulfill the Domestic
Relations Order in a single lump sum cash payment.  A Participant requesting a payment pursuant
to a Domestic Relations Order shall apply for the payment in writing on a form
approved by the Plan Administrator and shall provide such additional
information as the Plan Administrator may require.  The Plan Administrator shall have complete
discretion to determine whether the circumstances of the Participant constitute
a Domestic Relations Order Payment under the Plan.  If, subject to the sole discretion of the
Plan Administrator, the request for a payment due to a Domestic Relations Order
is approved, the distribution shall be no later than sixty (60) days after the
date of approval

  
 17
 

    by the Plan
Administrator. Notwithstanding the provisions of Section 6.4, in the event of
the Participant’s death, whether before or after the Participant has otherwise
incurred a Distributable Event or commenced receiving payments from the Plan,
the Spouse, former Spouse, child, or other dependent of the Participant, as
specified in the Domestic Relations Order, shall receive the amount from the
Participant’s vested Account required to fulfill the Domestic Relations Order
in a single lump sum cash payment.
  6.7.                    Unforeseeable Emergency Distribution  If a Participant suffers an Unforeseeable
Emergency, as defined herein, the Plan Administrator shall pay to the
Participant that portion of his or her vested Account which the Plan
Administrator determines is necessary to satisfy the emergency. The amounts
distributed to the Participant as a result of an Unforeseeable Emergency may
not exceed the amounts necessary to satisfy such emergency plus amounts necessary
to pay taxes reasonably anticipated as a result of the distribution, after
taking into account the extent to which such hardship is or may be relieved
through reimbursement or compensation by insurance or otherwise, by liquidation
of the Participant’s assets (to the extent the liquidation of such assets would
not itself cause severe financial hardship) or by cancellation of Compensation
Deferrals pursuant to Section 7.1.  A
Participant requesting an Unforeseeable Emergency Distribution shall apply for the
payment in writing on a form approved by the Plan Administrator and shall
provide such additional information as the Plan Administrator may require.  The Plan Administrator shall have complete
discretion to determine whether the financial hardship of the Participant
constitutes an Unforeseeable Emergency under the Plan.  If, subject to the sole discretion of the
Plan Administrator, the request for a withdrawal is approved, the distribution
shall be made within sixty (60) days of the date of approval by the Plan
Administrator.
  6.8.                    Election to Receive Interim Distributions  A Participant may make an irrevocable advance
election, at the time he or she files a Compensation Deferral Agreement for a
given Taxable Year, to have those Compensation Deferrals to which the agreement
relates paid to him or her at an Interim Distribution Date designated by the
Participant.  Any Matching Credits and/or
Discretionary Credits attributable to such Compensation Deferrals that are vested
as of the Interim Distribution Date shall also be payable.  Such Compensation Deferrals, vested Matching
Credits and/or vested Discretionary Credits, adjusted to reflect Investment
Credits and Debits, shall be payable in a single cash lump sum payment within
sixty (60) days of such Interim Distribution Date.  The Participant’s selection of an Interim
Distribution Date is irrevocable and must comply with the definition of Interim
Distribution Date under Section 1.20.  Notwithstanding a Participant’s advance
election to designate an Interim Distribution Date or Dates, the amounts which
would otherwise be subject to such Interim Distribution Date or Dates shall be
distributable upon a

  
 18
 

    Distributable
Event pursuant to the Plan, if such Distributable Event occurs prior to any
Interim Distribution Date.
  6.9.                    Permissible Delay in Payments  A payment may be delayed beyond the
distribution date otherwise provided for under the Plan in one or more of the
circumstances below, if the Service Provider so elects in the Adoption
Agreement.
  (a)
Payments Subject to Code
§ 162(m)  A payment will
be delayed when the Service Recipient reasonably anticipates that its deduction
with respect to such payment otherwise would be limited or eliminated by
application of Code § 162(m), provided that the payment will be made either at
the earliest date at which the Service Recipient reasonably anticipates that
the deduction of the payment of the amount will not be limited or eliminated by
application of Code § 162(m) or the calendar year in which the Participant has
had a Separation from Service.
  (b)
Violation of Loan
Covenants or Similar Contractual Requirements  A payment will be delayed when the Service
Recipient reasonably anticipates that the making of the payment will violate
the term of a loan agreement or other similar contract to which the Service
Recipient is a party, and such violation will cause material harm to the
Service Recipient, provided that the payment will be made at the earliest date
at which the Service Recipient reasonably anticipates that the making of the
payment will not cause such violation, or such violation will not cause
material harm to the Service Recipient. 
A payment may be delayed under this Subsection only if the facts and
circumstances indicate that the Service Recipient entered into such loan
agreement (including such covenant) or other similar contract for legitimate
business reasons and not to avoid the restrictions on deferral elections and
subsequent deferral elections under Code § 409A.
  (c)
Violation of Federal
Securities Laws or Certain Other Applicable Law  A payment will be delayed when the Service
Recipient reasonably anticipates that the making of the payment will violate
Federal securities laws or other applicable law, provided that the payment will
be made at the earliest date at which the Service Recipient reasonably
anticipates that the making of the payment will not cause such violation.  The making of a payment that would cause
inclusion in gross income or the application of any penalty provision or other
provision of the Code is not treated as a violation of applicable law.
  6.10.             Beneficiary Designation  A Participant shall have the right to
designate a Beneficiary and to amend or revoke such designation at any time in
writing.  Such designation, amendment or
revocation shall be effective upon receipt by the Plan Administrator.   If the Beneficiary is a minor or
incompetent, benefits may be paid to a legal guardian, trustee, or other proper
representative of the Beneficiary, and such payment shall

  
 19
 

    completely discharge the
Service Recipient and the Plan of all further obligations hereunder.
  If no Beneficiary
designation is made, or if the Beneficiary designation is held invalid, or if
no Beneficiary survives the Participant and benefits are determined to be
payable following the Participant’s death, the Plan Administrator shall direct
that payment of benefits be made to the person or persons in the first of the
below categories in which there is a survivor. 
The categories of successor beneficiaries, in order, are as follows:
  (a)          Participant’s Spouse;
  (b)         Participant’s
descendants, per stirpes (eligible descendants
shall be determined by the intestacy laws of the state in which the decedent
was domiciled);
  (c)          Participant’s parents;
  (d)         Participant’s brothers
and sisters (including step brothers and step sisters); and
  (e)          Participant’s estate.
  6.11.             Claims Procedure  All claims for benefits under the Plan, and
all questions regarding the operation of the Plan, shall be submitted to the
Plan Administrator in writing.  The Plan
Administrator has complete discretion and authority to interpret and construe
any provision of the Plan, and its decisions regarding claims for benefits
hereunder are final and binding.
  (a)          Presentation
of Claim.  Any Participant
or Beneficiary of a deceased Participant (such Participant or Beneficiary being
referred to below as a “Claimant”) may deliver to the Plan Administrator a
written claim for a determination with respect to the amounts distributable to
such Claimant from the Plan.  The claim
must state with particularity the determination desired by the Claimant.
  Any claim by a
Participant that a payment made under the Plan is inadequate or is less than
the amount to which the Participant is entitled must be made in writing
pursuant to the foregoing provisions of this Section within 180 days of the
date of such payment.  Notwithstanding
any other provision of the Plan, including the provisions of Section 5.1, a
Participant shall forfeit all rights to any amounts claimed if the Participant
fails to make claim as provided in the preceding sentence.

  
 20

(b)         Notification
of Decision  The Plan
Administrator shall consider a Claimant’s claim within a reasonable time, and
shall notify the Claimant in writing:

 i.)           that the Claimant’s
requested determination has been made, and that the claim has been allowed in
full; or

ii.)           that the Plan
Administrator has reached a conclusion contrary, in whole or in part, to the
Claimant’s requested determination, and such notice must set forth in a manner
calculated to be understood by the Claimant:

1)              the specific
reason(s) for the denial of the claim, or any part of it;

2)              specific
reference(s) to pertinent provisions of the Plan upon which such denial was
based;

3)              a description of any
additional material or information necessary for the Claimant to perfect the
claim, and an explanation of why such material or information is necessary;

4)              a description of the
claim review procedure set forth in Section
6.10(c) below, including information regarding any applicable time
limits and a statement regarding the Claimant’s right to bring an action under
ERISA §502(a) following an adverse determination on review; and

5)              if the decision
involved the Disability of the Participant, information regarding whether an
internal rule or procedure was relied upon in making its decision and that the
Claimant can request a copy of such rule or procedure, free of charge, upon
request.

The Plan Administrator
will notify the Claimant of an adverse decision within ninety (90) days of the
date the claim was received, unless the Plan Administrator determines there are
special circumstances that require an extension of time in which to make a
decision.  If an extension of time is
needed, the Plan Administrator shall notify the Claimant of the extension
before the expiration of the original 90-day period.  The notice will include a description of the
special circumstances requiring an extension of time and an estimate of the
date it expects a decision to be made. 
The extension shall not exceed an additional 90-day period.

If the adverse decision
relates to a claim involving the Disability of the Participant, the Plan
Administrator will notify the Claimant of an

  
 21
 

adverse decision within
forty-five (45) days of the date the claim was received, unless the Plan
Administrator determines that matters beyond its control require an extension
of time in which to make a decision.  If
an extension of time is needed, the Plan Administrator shall notify the
Claimant of the extension before the expiration of the original 45-day period.  The notice will include a description of the
circumstances necessitating the extension and an estimate of the date it
expects a decision to be made.  The
extension shall not exceed an additional 30-day period unless, within the
30-day period the Plan Administrator again determines that more time is needed
due to matters beyond its control, in which case notice of the need for not
more than an additional thirty (30) days is provided to the Claimant before the
first 30-day period expires. The notice will include a description of the
circumstances requiring the extension and an estimate of the date it expects a
decision to be made.  Any extension
notice will include information regarding the standards on which a
determination of Disability will be made, the outstanding issues which prevent
a decision from being made, and any additional information which is needed in
order to reach a decision.  The Claimant
will have forty-five (45) days to supply any additional information.

If the Plan Administrator
notifies the Claimant of the need for an extension of time to make a decision
regarding his or her claim in accordance with this Section 6.10(b), and the extension is
needed due to the Claimant’s failure to provide information necessary to decide
the claim, the period of time in which the Plan Administrator must make a
decision does not include the time between the date the notice of the extension
was sent to the Claimant and the date the Claimant responds to the request for
additional information.

(c)          Review of a Denied Claim 
Within sixty (60) days after receiving a notice from the Plan
Administrator that a claim has been denied, in whole or in part, a Claimant (or
the Claimant’s duly authorized representative) may file with the Plan
Administrator a written request for a review of the denial of the claim.  During the 60-day review period, the Claimant
(or the Claimant’s duly authorized representative):

  i.)        may review relevant documents;

 ii.)        may submit written
comments or other documents relating to the claim;

iii.)        may request access to and
copies of all relevant documents, free of charge;

  
 22
 

iv.)       may request a hearing,
which the Plan Administrator, in its sole discretion, may grant.

The Plan Administrator
will consider all documents and other information submitted by the Claimant in
reviewing its previous decision, including documents not available to or
considered by it during its initial determination.

If the appeal relates to
a determination of the Plan Administrator involving the Disability of the
Participant, the Claimant will have one-hundred-eighty (180) days following
receipt of a denial to file a written request for review.  In such event, no deference shall be given to
the initial benefit determination, and the review shall be conducted by an
appropriate fiduciary who is someone other than the individual who made the
initial determination or a subordinate of such individual.  If the initial determination was based in
whole or in part on a medical judgment, the reviewer shall consult with an
appropriately trained and experienced health care professional, and shall
disclose the identity of any experts who provided advice with regard to the
initial decision.  The health care
professional whose advice is sought during the appeal process will not be an
individual who was consulted during the initial determination, nor a
subordinate of such an individual.

(d)         Decision on Review  The Plan Administrator shall render its
decision on   review promptly, and not
later than sixty (60) days after the filing of a written request for review of
the denial, unless a hearing is held or other special circumstances require
additional time, in which case the Plan Administrator’s decision must be
rendered within one-hundred-twenty (120) days after such date. If an extension
of time is needed, the Plan Administrator shall notify the Claimant of the
extension before the expiration of the original 60-day period. The notice will
include a description of the circumstances requiring the extension and an
estimate of the date it expects a decision to be made.  Such decision must be written in a manner
calculated to be understood by the Claimant, and if the decision on review is
adverse it must contain:

  i.)        specific reasons for the
decision;

 ii.)        specific reference(s) to
the pertinent Plan provisions upon which the decision was based;

iii.)        a statement that the
Claimant may receive, upon request and free of charge, access to and copies of
relevant documents and information;

  
 23
 

iv.)       a statement describing any
voluntary appeal procedures under the Plan and the Claimant’s right to bring an
action under ERISA §502(a);

 v.)       if the decision involved
the Disability of the Participant, information regarding whether an internal
rule or procedure was relied upon in making its decision and that the Claimant
can request a copy of such rule or procedure, free of charge, upon request;

vi.)       if the decision involved
the Disability of the Participant, a statement 
that the Claimant and the Plan may have other voluntary alternative
dispute resolution options, such as mediation, and that the Claimant may find
out what options are available by contacting the local U.S. Department of Labor
Office and the state insurance regulatory agency; and

vii.)    such other matters as the Plan
Administrator deems relevant.

If the appeal involves
the Disability of the Participant, the decision of the Plan Administrator will
be made within forty-five (45) days after the filing of the written request for
review, unless special circumstances require additional time, in which case the
Plan Administrator’s decision will be made within ninety (90) days after the
date the request was filed. If an extension of time is needed, the Plan
Administrator shall notify the Claimant of the extension before the expiration
of the original 45-day period. The notice will include a description of the
circumstances requiring the extension and an estimate of the date it expects a
decision to be made.

If the Plan Administrator
notifies the Claimant of the need for an extension of time to make a decision
regarding his or her appeal in accordance with this Section 6.10(d), and the extension is
needed due to the Claimant’s failure to provide information necessary to decide
the appeal, the period of time in which the Plan Administrator must make a
decision does not include the time between the date the notice of the extension
was sent to the Claimant and the date the Claimant responds to the request for
additional information.

  
 24
 

ARTICLE
VII

CANCELLATION
OF DEFERRALS

7.1.                    Unforeseeable
Emergency  If a Participant
suffers an Unforeseeable Emergency, as defined herein, the Plan Administrator,
in its sole discretion, may cancel any future Compensation Deferrals pertaining
to compensation not yet earned required to be made pursuant to the Participant’s
current Compensation Deferral Agreement to the extent permitted under Code
§409A and the regulations and binding guidance thereunder to avoid adverse tax
consequences.  An application for
cancellation of Compensation Deferrals shall be granted only if such
cancellation is necessary to satisfy an Unforeseeable Emergency, after taking
into account the extent to which such emergency is or may be relieved through
reimbursement or compensation by insurance or otherwise, by liquidation of the
Participant’s assets (to the extent the liquidation of such assets would not itself
cause severe financial hardship) or through an Unforeseeable Emergency
Distribution made pursuant to Section 6.7. 
A Participant requesting a cancellation of Compensation Deferrals as a
result of an Unforeseeable Emergency shall apply for the cancellation in
writing on a form approved by the Plan Administrator and shall provide such
additional information as the Plan Administrator may require.  The Plan Administrator shall have complete
discretion to determine whether the financial emergency of the Participant
constitutes an Unforeseeable Emergency under the Plan.  The Participant’s eligibility for Employer
Matching Credits and/or Employer Discretionary Credits shall be similarly
canceled, and the Participant shall be eligible to defer Compensation again at
a later time only as provided under Article II.

ARTICLE VIII

PLAN ADMINISTRATION

8.1.                    Appointment The Plan Administrator shall serve at the
pleasure of the Service Recipient, who shall have the right to remove the Plan
Administrator at any time upon thirty (30) days written notice.  The Plan Administrator shall have the right
to resign upon thirty (30) days written notice to the Service Recipient.

8.2.                    Duties of Plan Administrator  The
Plan Administrator shall be responsible to perform all administrative functions
of the Plan.  These duties include but
are not limited to:

(a)          Communicating with
Participants in connection with their rights and benefits under the Plan.

(b)         Reviewing Benefit
Benchmark elections received from Participants.

  
 25
 

(c)          Arranging for the
payment of taxes (including income tax withholding), expenses and benefit
payments to Participants under the Plan.

(d)         Filing any returns and
reports due with respect to the Plan.

(e)          Interpreting and
construing Plan provisions and settling claims for Plan benefits.

(f)            Serving as the Plan’s
designated representative for the service of notices, reports, claims or legal
process.

(g)         Employing any agents such
as accountants, auditors, attorneys, actuaries or any other professionals it
deems necessary in the performance of any of its duties.

8.3.                    Service Recipient  The
Service Recipient has sole responsibility for the establishment and maintenance
of the Plan.  The Service Recipient
through its Board shall have the power and authority to appoint the Plan
Administrator, Trustee and any other professionals as may be required for the
administration of the Plan.  The Service
Recipient shall also have the right to remove any individual or party appointed
to perform administrative, investment, fiduciary or other functions under the
Plan.  The Service Recipient may delegate
any of its powers to the Plan Administrator, Board member or a committee of the
Board.

8.4.                    Administrative Fees and Expenses  All reasonable costs, charges and expenses
incurred by the Plan Administrator or the Trustee in connection with the
administration of the Plan or the Trust shall be paid by the Service
Recipient.  If not so paid, such costs,
charges and expenses shall be charged to the Trust, if any, established in
connection with the Plan.  The Trustee
shall be specifically authorized to charge its fees and expenses directly to
the Trust. If the Trust has insufficient liquid assets to cover the applicable
fees, the Trustee shall have the right to liquidate assets held in the Trust to
pay any fees or expenses due. 
Notwithstanding the foregoing, no Compensation other than reimbursement
for expenses shall be paid to a Plan Administrator who is a Service Provider of
the Service Recipient.

8.5.                    Plan Administration and Interpretation  The Plan Administrator shall have complete
discretionary control and authority to determine the rights and benefits and
all claims, demands and actions arising out of the provisions of the Plan or
any Participant, Beneficiary, deceased Participant, or other person having or
claiming to have any interest under the Plan. 
The Plan Administrator shall have complete discretion to interpret the
Plan and to decide all matters under the Plan.    Such interpretation and decision shall be
final, conclusive, and binding on all Participants and any person claiming
under or through any Participant.  Any
individual serving as Plan

  
 26
 

Administrator who is a
Participant will not vote or act on any matter relating solely to himself or
herself.  When making a determination or
calculation, the Plan Administrator shall be entitled to rely on information
furnished by a Participant, a Beneficiary, the Service Recipient, or other
party.  The Plan Administrator shall have
the responsibility for complying with any reporting and disclosure requirements
of ERISA.

8.6.                    Powers, Duties, Procedures  The Plan Administrator shall have such powers
and duties, may adopt such rules, may act in accordance with such procedures,
may appoint such officers or agents, may delegate such powers and duties, may receive
such reimbursement and compensation, and shall follow such claims and appeal
procedures with respect to the Plan as it may establish, each consistently with
the terms of the Plan.

8.7.                    Information  To
enable the Plan Administrator to perform its functions, the Service Recipient
shall supply full and timely information to the Plan Administrator on all
matters relating to the Compensation of Participants, their employment,
retirement, death, Separation from Service, and such other pertinent facts as the
Plan Administrator may require.

8.8.                    Indemnification of Plan Administrator  The Service Recipient agrees to indemnify and
to defend to the fullest extent permitted by law any officer(s), Service
Provider(s) or Board members who serve as Plan Administrator (including any
such individual who formerly served as Plan Administrator) against all
liabilities, damages, costs and expenses (including reasonable attorneys’ fees
and amounts paid in settlement of any claims approved by the Service Recipient)
occasioned by any act or omission to act in connection with the Plan, if such
act or omission is in good faith.

8.9.                    Plan Administration Following a Change in Control Event  Notwithstanding anything to the contrary in
this Article VIII or elsewhere
in the Plan or Trust, upon a Change in Control Event with respect to the
Service Recipient identified in Section I of the Adoption Agreement the
individual serving as Chief Executive Officer of such Service Recipient
immediately prior to such Change in Control Event who is also a Participant in
the Plan, or if the Service Recipient has no Chief Executive Officer who is
also a Participant in the Plan, the Service Recipient’s most senior officer who
is also a Participant in the Plan, shall have the right to appoint an individual,
third party or committee to serve as Plan Administrator.  Such appointment shall be made in writing and
copies thereof shall be delivered to the Board, to the existing Plan
Administrator, to the Trustee, and to all Plan Participants.  The Trustee and all other service providers
shall be entitled to rely fully on instructions received from the successor
Plan Administrator and shall be indemnified to the fullest extent permitted by
law for acting in accordance with the proper instructions of the successor Plan
Administrator.

  
 27
 

ARTICLE IX

TRUST FUND

9.1.                    Trust  Coincident
with the establishment of the Plan, the Service Recipient may establish a Trust
for the purpose of accumulating assets which may, but need not be used, by the
Service Recipient to satisfy some or all of its financial obligations to
provide benefits to Participants under this Plan. Any trust created under this Section 9.1 shall be domiciled in the
United States of America, and no assets of the Plan shall be held or
transferred outside the United States. All assets held in the Trust shall
remain the exclusive property of the Service Recipient and shall be available
to pay creditor claims of the Service Recipient in the event of insolvency, to
the extent provided under any Trust established with respect to such Service
Recipient.  The assets held in Trust
shall be administered in accordance with the terms of the separate Trust
Agreement between the Trustee and the Service Recipient.

9.2.                    Unfunded Plan   In
no event will the assets accumulated by the Service Recipient in the Trust be
construed as creating a funded Plan under the applicable provisions of ERISA or
the Code, or under the provisions of any other applicable statute or
regulation. Any funds set aside by the Service Recipient in Trust shall be
administered in accordance with the terms of the Trust.

9.3.                    Assignment and Alienation 
No Participant or Beneficiary of a deceased Participant
shall have the right to anticipate, assign, transfer, sell, mortgage, pledge or
hypothecate any benefit under this Plan. 
The Plan Administrator shall not recognize any attempt by a third party
to attach, garnish or levy upon any benefit under the Plan except as may be
required by law.

ARTICLE X

AMENDMENT AND PLAN TERMINATION

10.1.             Amendment  The Service Recipient shall have the right to
amend this Plan without the consent of any Participant or Beneficiary
hereunder, provided that no such amendment shall have the effect of reducing
any of the vested benefits to which a Participant or Beneficiary has accrued a
right as of the effective date of the amendment.  Notwithstanding the foregoing, the Service
Recipient shall have the right to amend this Plan in any manner whatsoever
without the consent of any Participant or Beneficiary to comply with the
requirements of Code §409A and any binding guidance thereunder to avoid adverse
tax consequences even if such amendment has the affect of reducing a vested
benefit or existing right of a Participant or Beneficiary hereunder.

  
 28
 

10.2.             Plan
Termination  The Service
Recipient may terminate or discontinue the Plan in whole or in part at any
time.  Upon Plan Termination, no further
Compensation Deferrals, Discretionary Credits or Matching Credits shall be made
except that the Service Recipient shall be responsible to pay any benefit
attributable to vested amounts credited to the Participant’s Account as of the
effective date of termination (following any adjustments to such Accounts in
accordance with Article III
hereof).  If the Plan is terminated in
accordance with this Section 10.2, the Plan Administrator shall make
distribution of the Participant’s vested benefit upon the occurrence of a
Distributable Event with respect to a Participant.  A Participant’s vested benefit shall be
adjusted to reflect Investment Credits and Debits for all Valuation Dates
between Plan Termination and the occurrence of a Participant’s Distributable
Event.

10.3.             Plan
Termination Following a Change in Control Event  If, as elected by the Service Recipient in
the Adoption Agreement:

(a)          a Change in Control
Event constitutes a Plan Termination; or

(b)         within 12 months after a
Change in Control Event and at the discretion of the Service Recipient, a Plan
Termination is to occur

the Plan will be
terminated.  The Plan will be terminated
under this Section 10.3 only if all substantially similar arrangements
(determined in accordance with Code §409A) sponsored by the Service Recipient
or any entity or organization that would be considered a single employer with
the Service Recipient pursuant to Code §§ 414(b) or 414(c) are terminated such
that all Participants and
all participants under such substantially similar arrangements are required to
receive all amounts of compensation deferred under the terminated arrangements
within 12 months of the date of termination. 
Upon a Plan Termination Following a Change in Control Event, no
further Compensation Deferrals or Employer Discretionary Credits or Employer
Matching Credits shall be made, and  the
Plan Administrator shall be responsible to pay any benefit attributable to
vested amounts credited to the Participant’s Account as of the effective date
of termination  (following any final
adjustments to such Accounts in accordance with Article III hereof).  If
the Plan is terminated in accordance with this Section 10.3, the Plan
Administrator shall make distribution of the Participants’ vested benefits as
soon as practicable following such termination.

10.4.             Plan Termination Following
a Corporate Dissolution 
The Service Recipient in its discretion may terminate the Plan and make
the payments provided below within 12 months of a Corporate Dissolution
provided that the value of the Participants’ vested benefits is included in the
Participants’ gross incomes in the latest of

  
 29
 

(a) the calendar year in
which the Plan Termination occurs;

(b) the calendar year in
which the amount is no longer subject to a substantial risk of forfeiture; or

(c) the first calendar
year in which the payment is administratively practicable.

Upon
a Plan Termination Following a Corporate
Dissolution, no further Compensation Deferrals or Employer Discretionary
Credits or Employer Matching Credits shall be made, and the Plan Administrator
shall be responsible to pay any benefit attributable to vested amounts credited
to the Participant’s Account as of the effective date of termination  (following any final adjustments to such
Accounts in accordance with Article
III hereof).

10.5.             Plan Termination in
Connection with Termination of Certain Similar Arrangements  The Service Recipient in its discretion may
terminate the Plan and make the distribution provided below if

(a) all arrangements sponsored by the Service
Recipient (and all entities and organizations that would be considered a
single employer with the Service Recipient pursuant to Code §§ 414(b) or 414(c))
that would be aggregated with any
terminated arrangement under the definition of what constitutes a plan pursuant
to Code §409A if the same Eligible Service Provider participated in all of the
arrangements are terminated;

(b)
no payments other than payments that would be payable under the terms of the
arrangements if the termination had not occurred are made within 12 months of
the termination of the arrangements;

(c)
all payments are made within 24 months of the termination of the arrangements;
and

(d)
neither the Service Recipient nor any entity or organization that would
be considered a single employer with the Service Recipient pursuant to Code §§
414(b) or 414(c) adopts a new
arrangement that would be aggregated with any terminated arrangement under the
definition of what constitutes a plan for purposes of Code §409A if the same
Eligible Service Provider participated in both arrangements at any time within
five years following the date of termination of the arrangement.

Upon
a Plan Termination in Connection with the
Termination of Certain Similar Arrangements, no further Compensation Deferrals
or Employer Discretionary Credits or Employer Matching Credits shall be made,
and  the Plan Administrator shall be
responsible to pay any benefit attributable to vested amounts credited to the
Participant’s Account as soon as practicable after distributions are
permissible under Code § 409A

  
 30
 

(following any final
adjustments to such Accounts in accordance with Article III
hereof).

10.6.             Effect of
Payment  The full payment
of the balance of a Participant’s vested Account under the provisions of the
Plan shall completely discharge all obligations to a Participant and his
designated Beneficiaries under this Plan and each of the Participant’s
Compensation Deferral Agreements shall terminate.

ARTICLE XI

MISCELLANEOUS

11.1.             Total Agreement  This Plan and the executed
Adoption Agreement, Compensation Deferral Agreement, Beneficiary designation
and other administration forms shall constitute the total agreement or contract
between the Service Recipient and the Participant regarding the Plan.  No oral statement regarding the Plan may be
relied upon by the Participant. The Service Recipient or Plan Administrator
shall have the right to establish such procedures as are necessary for the
administration or operation of the Plan or Trust, and such procedures shall
also be considered a part of the Plan unless clearly contrary to the express
provisions thereof.

11.2.             Employment Rights  Neither the establishment of this Plan nor
any modification thereof, nor the creation of any Trust or Account, nor the
payment of any benefits, shall be construed as giving a Participant or other
person a right to employment with the Service Recipient or any other legal or
equitable right against the Service Recipient except as provided in the
Plan.  In no event shall the terms of
employment of any Service Provider be modified or in any way be affected by the
Plan.

11.3.             Non-Assignability  None of the benefits, payments, proceeds or
claims of any Participant or Beneficiary shall be subject to attachment or
garnishment or other legal process by any creditor of such Participant or
Beneficiary, nor shall any Participant or Beneficiary have the right to
alienate, commute, pledge, encumber or assign any of the benefits or payments
or proceeds which he or she may expect to receive, contingently or otherwise
under the Plan.

11.4.             Binding
Agreement  Any action with
respect to the Plan taken by the Plan Administrator or the Service Recipient or
the Trustee or any action authorized by or taken at the direction of the Plan
Administrator, the Service Recipient or other authorized party shall be
conclusive upon all Participants and Beneficiaries entitled to benefits under
the Plan.

  
 31
 

11.5.             Receipt and
Release  Any payment to
any Participant or Beneficiary in accordance with the provisions of the Plan
shall, to the extent thereof, be in full satisfaction of all claims against the
Service Recipient, the Plan Administrator and the Trustee under the Plan, and
the Plan Administrator may require such Participant or Beneficiary, as a
condition precedent to such payment, to execute a receipt and release to such
effect.  If any Participant or
Beneficiary is determined by the Plan Administrator to be incompetent by reason
of physical or mental disability (including not being the age of majority) to
give a valid receipt and release, the Plan Administrator may cause payment or
payments becoming due to such person to be made to a legal guardian, trustee,
or other proper representative of the Participant or Beneficiary without
responsibility on the part of the Plan Administrator, the Service Recipient or
the Trustee to follow the application of such funds.

11.6.             Furnishing
Information  A Participant
or his or her Beneficiary will cooperate with the Plan Administrator or any
representative thereof by furnishing any and all information requested by the
Plan Administrator and take such other actions as may be requested in order to
facilitate the administration of the Plan and the payments of benefits
hereunder, including but not limited to taking such physical examinations as
the Plan Administrator may deem necessary.

11.7.             Compliance
with Code §409A      Notwithstanding any provision of the Plan
to the contrary, all provisions of the Plan will be interpreted and applied to
comply with the requirements of Code §409A and any applicable regulations or to
avoid adverse tax consequences.  The
foregoing is not intended to and shall not be construed to create any
third-party beneficiary with respect to the tax treatment of benefits under the
Plan.

11.8.             Insurance  The Service Recipients, on their own behalf
or on behalf of the trustee of the Trust, and, in their sole discretion, may
apply for and procure insurance on the life of the Participant, in such amounts
and in such forms as they may choose. 
The Service Recipients or the trustee of the Trust, as the case may be,
shall be the sole owner and beneficiary of any such insurance.  The Participant shall have no interest
whatsoever in any such policy or policies, and at the request of the Service
Recipients shall submit to medical examinations and supply such information and
execute such documents as may be required by the insurance company or companies
to which the Service Recipients have applied for insurance.

11.9.             Governing Law  Construction, validity and administration of
this Plan shall be governed by applicable Federal law and applicable state law
in which the principal office of the Service Recipient is located.  If any provision shall be held by a court of
competent jurisdiction to be invalid or unenforceable, the remaining provisions
hereof shall continue to be fully effective.

  
 32
 

11.10.  Headings and Subheadings  Headings and subheadings in this Plan are
inserted for convenience only and are not to be considered in the
interpretation of the provisions hereof.

  
 33Exhibit
10.75

NONQUALIFIED STOCK OPTION AGREEMENT

CANO PETROLEUM, INC.

2005 LONG-TERM INCENTIVE PLAN

1.                                       Grant
of Option.  Pursuant to the Cano
Petroleum, Inc. 2005 Long-Term Incentive Plan (the “Plan”) for employees,
consultants and outside directors of Cano Petroleum, Inc., a Delaware
corporation (the “Company”),
the Company grants to

Gerald W. Haddock

(the “Participant”),

an option to
purchase shares of Common Stock (“Common Stock”) of the Company as follows:

On the date hereof, the
Company grants to the Participant an option (the “Option” or “Stock Option”) to
purchase Twenty-five Thousand (25,000) full shares (the “Optioned Shares”) of
Common Stock at an Option Price equal to $5.42 per share.  The Date of Grant of this Stock Option is December
28, 2006.

The “Option Period” shall
commence on the Date of Grant and shall expire on the date immediately
preceding the tenth (10th)
anniversary of the Date of Grant.  The
Stock Option is a Nonqualified Stock Option. 
This Stock Option is intended to
comply with the provisions governing nonqualified stock options under Internal
Revenue Service Notice 2005-1 and the proposed Treasury Regulations issued
under Section 409A of the Code on September 29, 2005 in order to exempt this
Stock Option from application of Section 409A of the Code.

2.                                       Subject
to Plan.  The Stock Option and its
exercise are subject to the terms and conditions of the Plan, and the terms of
the Plan shall control to the extent not otherwise inconsistent with the
provisions of this Agreement. The capitalized terms used herein that are
defined in the Plan shall have the same meanings assigned to them in the
Plan.  The Stock Option is subject to any
rules promulgated pursuant to the Plan by the Board or the Committee and
communicated to the Participant in writing.

3.                                       Vesting;
Time of Exercise.  Except as
specifically provided in this Agreement and subject to certain restrictions and
conditions set forth in the Plan, 100% of the total Optioned Shares shall vest
and that portion of the Stock Option shall become exercisable on the first
anniversary of the Date of Grant, provided the Participant is employed by (or,
if the Participant is a consultant or an Outside Director, is providing
services to) the Company or a Subsidiary on that date.  In the event that a Change in Control occurs,
then immediately prior to the effective date of such Change in Control the
total Optioned Shares not previously vested shall thereupon immediately become
vested and this Option shall become fully exercisable if not previously so exercisable.

4.                                       Term;
Forfeiture.

a.                                       Except
as otherwise provided in this Agreement, to the extent the unexercised portion
of the Stock Option relates to Optioned Shares which are not vested on the date
of the Participant’s Termination of Service, the Stock Option will be
terminated on that date.  The unexercised
portion of the Stock Option that relates to Optioned Shares which are vested
will terminate at the first of the following to occur:

i.                                          5
p.m. on the date the Option Period terminates;

ii.                                       5
p.m. on the date which is twelve (12) months following the date of the
Participant’s Termination of Service due to death or Total and Permanent
Disability;

iii.                                    5
p.m. on the date of the Participant’s Termination of Service by the Company for
cause (as defined herein);

iv.                                   5
p.m. on the date which is ninety (90) days following the date of the
Participant’s Termination of Service for any reason not otherwise specified in
this Section 4.a.; or

v.                                      5
p.m. on the date the Company causes any portion of the Option to be forfeited
pursuant to Section 7 hereof.

b.                                      Solely
for purposes of this Section 4, “Cause”
shall mean (i) the Participant’s gross negligence in the performance or
intentional nonperformance of any of his duties and responsibilities (which
remains uncured and continues for thirty (30) days after delivery of written
notice); (ii) the Participant’s dishonesty or fraud with respect to the
business, reputation or affairs of the Company; (iii) the Participant’s
conviction of a felony or crime involving moral turpitude; (iv) the Participant’s
debilitating drug or alcohol abuse as determined by a qualified physician; (v)
the Participant’s material breach of any provisions of an employment,
consulting or service agreement between the Company and the Participant; or (vi)
the Participant’s material violation of any written Company policy (which
remains uncured or continues thirty (30) days after delivery of written
notice).

5.                                       Who
May Exercise.  Subject to the terms
and conditions set forth in Sections 3 and 4 above, during the lifetime
of the Participant, the Stock Option may be exercised only by the Participant,
or by the Participant’s guardian or personal or legal representative.  If the Participant’s Termination of Service
is due to his death prior to the date specified in Section 4.i. hereof,
or the Participant dies prior to the termination dates specified in Sections
4.i., ii., iii., or iv. hereof, and the Participant has not exercised the
Stock Option as to the maximum number of vested Optioned Shares as set forth in
Section 3 hereof as of the date of death, the following persons may
exercise the exercisable portion of the Stock Option on behalf of the
Participant at any time prior to the earliest of the dates specified in Section 4
hereof:  the personal representative of
his estate, or the person who acquired the right to exercise the Stock Option
by bequest or inheritance or by reason of the death of the Participant;
provided that the Stock Option shall remain subject to the other terms of this
Agreement, the Plan, and applicable laws, rules, and regulations.  Notwithstanding the foregoing sentence, by
delivering to the Company the prescribed form (see Appendix A), the Participant
may designate one or more beneficiaries and successor beneficiaries who may
exercise the exercisable portion of the Option on behalf of the Participant at
any time prior to the earliest of the dates specified in Section 4
hereof (provided that the Option shall remain subject to the other terms of
this Agreement and applicable laws, rules, and regulations) in the event (i) of
the Participant’s Termination of Service due to his death prior to the date
specified in Section 4.a.i. hereof, or 
(ii) the Participant dies prior to the termination dates specified in Sections
4.a.i., ii., iii., iv. or v. hereof, and the Participant has not exercised
the Option as to the maximum number of vested Optioned Shares as set forth in Section 3
hereof as of the date of death.  In the
event the Participant does not deliver to the Company a form designating one or
more beneficiaries, or no designated beneficiary survives the Participant, the
foregoing sentence shall not apply.

 2
 

6.                                       No
Fractional Shares.  The Stock Option
may be exercised only with respect to full shares, and no fractional share of
stock shall be issued.

7.                                       Manner
of Exercise.  Subject to such
administrative regulations as the Committee may from time to time adopt, the
Stock Option may be exercised by the delivery of written notice to the
Committee setting forth the number of shares of Common Stock with respect to
which the Stock Option is to be exercised, the date of exercise thereof (the “Exercise Date”) which
shall be at least three (3) days after giving such notice unless an earlier
time shall have been mutually agreed upon. 
On the Exercise Date, the Participant shall deliver to the Company
consideration with a value equal to the total Option Price of the shares to be
purchased, payable as follows:  (a) cash,
check, bank draft, or money order payable to the order of the Company, (b)
Common Stock (including Restricted Stock owned by the Participant on the
Exercise Date, valued at its Fair Market Value on the Exercise Date, and which
the Participant has not acquired from the Company within six (6) months prior
to the Exercise Date, (c) if the Optioned Shares are Publicly Traded (as
defined herein), by delivery (including by FAX) to the Company or its
designated agent of an executed irrevocable option exercise form together with
irrevocable instructions from the Participant to a broker or dealer, reasonably
acceptable to the Company, to sell certain of the shares of Common Stock
purchased upon exercise of the Stock Option or to pledge such shares as
collateral for a loan and promptly deliver to the Company the amount of sale or
loan proceeds necessary to pay such purchase price, and/or (d) in any other
form of valid consideration that is acceptable to the Committee in its sole
discretion.  In the event that shares of Restricted Stock are tendered as
consideration for the exercise of a Stock Option, a number of shares of Common
Stock issued upon the exercise of the Stock Option equal to the number of
shares of Restricted Stock used as consideration therefor shall be subject to
the same restrictions and provisions as the Restricted Stock so tendered.  For purposes of this Section 7, the
Common Stock shall be “Publicly Traded” if
the Common Stock subjects the Company to the periodic reporting
requirements of Sections 12(g) or 15(d) of the 1934 Act.

Upon
payment of all amounts due from the Participant, the Company shall cause
certificates for the Optioned Shares then being purchased to be delivered to
the Participant (or the person exercising the Participant’s Stock Option in the
event of his death) at its principal business office within ten (10) business
days after the Exercise Date. The obligation of the Company to deliver shares
of Common Stock shall, however, be subject to the condition that if at any time
the Company shall determine in its discretion that the listing, registration,
or qualification of the Stock Option or the Optioned Shares upon any securities
exchange or under any state or federal law, or the consent or approval of any
governmental regulatory body, is necessary as a condition of, or in connection
with, the Stock Option or the issuance or purchase of shares of Common Stock
thereunder, then the Stock Option may not be exercised in whole or in part
unless such listing, registration, qualification, consent, or approval shall
have been effected or obtained free of any conditions not reasonably acceptable
to the Committee.

If
the Participant fails to pay for any of the Optioned Shares specified in such
notice or fails to accept delivery thereof, then the Stock Option, and right to
purchase such Optioned Shares may be forfeited by the Company.

8.                                       Nonassignability.  The Stock Option is not assignable or
transferable by the Participant except by will or by the laws of descent and
distribution.

9.                                       Rights
as Stockholder.  The Participant will
have no rights as a stockholder with respect to any shares covered by the Stock
Option until the issuance of a certificate or certificates to the Participant
for the Optioned Shares.  The Optioned
Shares shall be subject to the terms and conditions of this Agreement regarding
such Shares.  Except as otherwise provided
in Section 10 hereof, no adjustment

 3
 

shall be made for
dividends or other rights for which the record date is prior to the issuance of
such certificate or certificates.

10.                                 Adjustment
of Number of Optioned Shares and Related Matters.  The number of shares of Common Stock covered
by the Stock Option, and the Option Prices thereof, shall be subject to
adjustment in accordance with Articles 11 - 13 of the Plan.

11.                                 Nonqualified
Stock Option.  The Stock Option shall
not be treated as an Incentive Stock Option.

12.                                 Voting.  The Participant, as record
holder of some or all of the Optioned Shares following exercise of this Stock
Option, has the exclusive right to vote, or consent with respect to, such
Optioned Shares until such time as the Optioned Shares are transferred in
accordance with this Agreement or a proxy is granted pursuant to Section 13
below; provided, however, that this Section shall not create any
voting right where the holders of such Optioned Shares otherwise have no such
right.

13.                                 Proxies.  The Participant shall execute an
irrevocable proxy with respect to any shares of Restricted Stock authorizing
the Board to vote such shares on all issues until the expiration of the
Restriction Period.  Subject to the foregoing
provisions of this Section, the Participant may not grant a proxy to any
person, other than a revocable proxy not to exceed 30 days in duration granted
to another stockholder for the sole purpose of voting for directors of the
Company.

14.                                 Community Property.  Each
spouse individually is bound by, and such spouse’s interest, if any, in any
Optioned Shares is subject to, the terms of this Agreement.  Nothing in this Agreement shall create a
community property interest where none otherwise exists.

15.                                 Participant’s
Representations.  Notwithstanding any
of the provisions hereof, the Participant hereby agrees that he will not
exercise the Stock Option granted hereby, and that the Company will not be
obligated to issue any shares to the Participant hereunder, if the exercise
thereof or the issuance of such shares shall constitute a violation by the
Participant or the Company of any provision of any law or regulation of any
governmental authority.  Any
determination in this connection by the Company shall be final, binding, and
conclusive.  The obligations of the
Company and the rights of the Participant are subject to all applicable laws,
rules, and regulations.

16.                                 Investment
Representation.  Unless the Common
Stock is issued to him in a transaction registered under applicable federal and
state securities laws, by his execution hereof, the Participant represents and
warrants to the Company that all Common Stock which may be purchased hereunder
will be acquired by the Participant for investment purposes for his own account
and not with any intent for resale or distribution in violation of federal or
state securities laws.  Unless the Common
Stock is issued to him in a transaction registered under the applicable federal
and state securities laws, all certificates issued with respect to the Common Stock
shall bear an appropriate restrictive investment legend and shall be held
indefinitely, unless they are subsequently registered under the applicable
federal and state securities laws or the Participant obtains an opinion of
counsel, in form and substance satisfactory to the Company and its counsel,
that such registration is not required.

17.                                 Participant’s
Acknowledgments.  The Participant
acknowledges receipt of a copy of the Plan, which is annexed hereto, and
represents that he or she is familiar with the terms and provisions thereof,
and hereby accepts this Option subject to all the terms and provisions thereof.
The Participant hereby agrees to accept as binding, conclusive, and final all
decisions or interpretations of the Committee or the Board, as appropriate,
upon any questions arising under the Plan or this Agreement.

 4
 

18.                                 Law
Governing.  This Agreement shall be
governed by, construed, and enforced in accordance with the laws of the State
of Texas (excluding any conflict of laws rule or principle of Texas law that
might refer the governance, construction, or interpretation of this agreement
to the laws of another state).

19.                                 No
Right to Continue Service or Employment. 
Nothing herein shall be construed to confer upon the Participant the
right to continue in the employ or to provide services to the Company or any
Subsidiary, whether as an employee or as a consultant or as an Outside
Director, or interfere with or restrict in any way the right of the Company or
any Subsidiary to discharge the Participant as an employee, consultant or
Outside Director at any time.

20.                                 Legal
Construction.  In the event that any
one or more of the terms, provisions, or agreements that are contained in this
Agreement shall be held by a Court of competent jurisdiction to be invalid,
illegal, or unenforceable in any respect for any reason, the invalid, illegal,
or unenforceable term, provision, or agreement shall not affect any other term,
provision, or agreement that is contained in this Agreement and this Agreement
shall be construed in all respects as if the invalid, illegal, or unenforceable
term, provision, or agreement had never been contained herein.

21.                                 Covenants
and Agreements as Independent Agreements. Each of the covenants and
agreements that is set forth in this Agreement shall be construed as a covenant
and agreement independent of any other provision of this Agreement.  The existence of any claim or cause of action
of the Participant against the Company, whether predicated on this Agreement or
otherwise, shall not constitute a defense to the enforcement by the Company of
the covenants and agreements that are set forth in this Agreement.

22.                                 Entire
Agreement.  This Agreement together
with the Plan supersede any and all other prior understandings and agreements,
either oral or in writing, between the parties with respect to the subject
matter hereof and constitute the sole and only agreements between the parties
with respect to the said subject matter. 
All prior negotiations and agreements between the parties with respect
to the subject matter hereof are merged into this Agreement.  Each party to this Agreement acknowledges
that no representations, inducements, promises, or agreements, orally or
otherwise, have been made by any party or by anyone acting on behalf of any
party, which are not embodied in this Agreement or the Plan and that any
agreement, statement or promise that is not contained in this Agreement or the
Plan shall not be valid or binding or of any force or effect.

23.                                 Parties
Bound.  The terms, provisions, and
agreements that are contained in this Agreement shall apply to, be binding
upon, and inure to the benefit of the parties and their respective heirs,
executors, administrators, legal representatives, and permitted successors and
assigns, subject to the limitation on assignment expressly set forth herein. No person or entity shall be permitted to
acquire any Optioned Shares without first executing and delivering an agreement
in the form satisfactory to the Company making such person or entity subject to
the restrictions on transfer contained herein.

24.                                 Modification.  No
change or modification of this Agreement shall be valid or binding upon the
parties unless the change or modification is in writing and signed by the
parties; provided, however, that the Company may change or modify this
Agreement without Individual’s consent or signature if the Company determines,
in its sole discretion, that such change or modification is necessary for
purposes of compliance with or exemption from the requirements of Section 409A
of the Code or any regulations or other guidance issued thereunder.

 5
 

25.                                 Headings.  The headings that are used in this Agreement
are used for reference and convenience purposes only and do not constitute
substantive matters to be considered in construing the terms and provisions of
this Agreement.

26.                                 Gender
and Number.  Words of any gender used
in this Agreement shall be held and construed to include any other gender, and
words in the singular number shall be held to include the plural, and vice
versa, unless the context requires otherwise.

27.                                 Notice.  Any notice required or permitted to be
delivered hereunder shall be deemed to be delivered only when actually received
by the Company or by the Participant, as the case may be, at the addresses set
forth below, or at such other addresses as they have theretofore specified by
written notice delivered in accordance herewith:

a.                                       Notice
to the Company shall be addressed and delivered as follows:

Cano Petroleum, Inc.

801 Cherry Street, Unit
25, Suite 3200

Fort Worth, TX  76102

Attn:  Corporate Secretary

b.                                      Notice
to the Participant shall be addressed and delivered as set forth on the
signature page.

28.                                 Tax
Requirements.  The Participant is
hereby advised to consult immediately with his or her own tax advisor regarding
the tax consequences of this Agreement. 
The Company or, if applicable, any Subsidiary (for purposes of this Section
28, the term “Company”
shall be deemed to include any applicable Subsidiary), shall have the right to
deduct from all amounts hereunder paid in cash or other form, any Federal,
state, local, or other taxes required by law to be withheld in connection with
this Award.  The Company may, in its sole
discretion, also require the Participant receiving shares of Common Stock issued
under the Plan to pay the Company the amount of any taxes that the Company is
required to withhold in connection with the Participant’s income arising with
respect to this Award.  Such payments
shall be required to be made when requested by the Company and may be required
to be made prior to the delivery of any certificate representing shares of
Common Stock.  Such payment may be made
(i) by the delivery of cash to the Company in an amount that equals or exceeds
(to avoid the issuance of fractional shares under (iii) below) the required tax
withholding obligations of the Company; (ii) if the Company, in its sole
discretion, so consents in writing, the actual delivery by the exercising
Participant to the Company of shares of Common Stock other than (A) Restricted
Stock, or (B)Common Stock that the Participant has not acquired from the
Company within six (6) months prior to the date of exercise, which shares so
delivered have an aggregate Fair Market Value that equals or exceeds (to avoid
the issuance of fractional shares under (iii) below) the required tax
withholding payment; (iii) if the Company, in its sole discretion, so consents
in writing, the Company’s withholding of a number of shares to be delivered
upon the exercise of the Stock Option other than shares that will constitute
Restricted Stock, which shares so withheld have an aggregate fair market value
that equals (but does not exceed) the required tax withholding payment; or (iv)
any combination of (i), (ii), or (iii). 
The Company may, in its sole discretion, withhold any such taxes from
any other cash remuneration otherwise paid by the Company to the Participant.

* * * * * * * *

 6
 

IN WITNESS
WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized officer, and the Participant, to evidence his consent and approval
of all the terms hereof, has duly executed this Agreement, as of the date
specified in Section 1 hereof.

	
  

  	
  COMPANY:

  
	
   

  	
   

  
	
   

  	
  CANO PETROLEUM, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ S. Jeffrey Johnson

  
	
   

  	
  Name:

  	
   S. Jeffrey
  Johnson

  
	
   

  	
  Title:

  	
   Chairman and
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  PARTICIPANT:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Gerald W. Haddock

  
	
   

  	
  Signature

  
	
   

  	
   

  
	
   

  	
  Name:

  	
  Gerald W. Haddock

  
	
   

  	
  Address:

  	
  512 Main St., Suite 1200

  
	
   

  	
   

  	
  Fort Worth, TX
  76102

  
						

 

 7
 

APPENDIX
A

Beneficiary
Designation

To:                              Corporate
Secretary designated in the Cano Petroleum Inc. Nonqualified Stock Option
Agreement by and between Cano Petroleum Inc. and Gerald W. Haddock (the “Agreement”)

From:                  Gerald
W. Haddock

Pursuant
to Section 5 of the Agreement made as of December 28, 2006, I hereby designate
the following persons(s) as beneficiary(ies) who on my death who may exercise
the exercisable portion of the Option on my behalf pursuant to the Agreement:

	
  Primary Beneficiary Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Secondary Beneficiary
  Name:

  	
   

  	
   

  
				

 

In
making the above designation, I reserve the right to revoke this beneficiary
designation or change the beneficiary(ies) designated at any time or times and
without the consent of any beneficiary.

This
beneficiary designation cancels and supersedes any beneficiary designation I
previously made with respect to this Agreement.

	
  

  	
  Signed:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Individual

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Date

  	
   

  

 

 8

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