Document:

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                                                                    EXHIBIT 10.3

                       HOME BANCSHARES, INC. 401(K) PLAN

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                             ADOPTION AGREEMENT #005
                   NONSTANDARDIZED 401(k) PROFIT SHARING PLAN

          The undersigned, Home BancShares, Inc. ("Employer"), by executing this
Adoption Agreement, elects to establish a retirement plan and trust ("Plan")
under the BKD Investment Advisors, LLC Defined Contribution Prototype Plan and
Trust (basic plan document # 01 ). The Employer, subject to the Employer's
Adoption Agreement elections, adopts fully the Prototype Plan and Trust
provisions. This Adoption Agreement, the basic plan document and any attached
appendices or addenda, constitute the Employer's entire plan and trust document.
All section references within this Adoption Agreement are Adoption Agreement
section references unless the Adoption Agreement or the context indicate
otherwise. All article references are basic plan document and Adoption Agreement
references as applicable. Numbers in parenthesis which follow headings are
references to basic plan document sections. The Employer makes the following
elections granted under the corresponding provisions of the basic plan document.

                                    ARTICLE I
                                   DEFINITIONS

1. PLAN (1.21). The name of the Plan as adopted by the Employer is Home
Bancshares, Inc. 401(k) Plan.

2. TRUSTEE (1.33). The Trustee executing this Adoption Agreement is: (Choose one
of (a), (b) or(c))

[ ]  (a) A DISCRETIONARY TRUSTEE. See Plan Section 10.03[A].

[X]  (b) A NONDISCRETIONARY TRUSTEE. See Plan Section 10.03[B].

[ ]  (c) A TRUSTEE UNDER A SEPARATE TRUST AGREEMENT. See Plan Section 10.03[G].

3. EMPLOYEE (1.11). The following Employees are not eligible to participate in
the Plan: (Choose (a) or one or more of (b) through (g) as applicable)

[X]  (a) NO EXCLUSIONS.

[ ]  (b) COLLECTIVE BARGAINING EMPLOYEES.

[ ]  (c) NONRESIDENT ALIENS.

[ ]  (d) LEASED EMPLOYEES.

[ ]  (e) RECLASSIFLED EMPLOYEES.

[ ]  (f) CLASSIFICATIONS: ____________.

[ ]  (g) EXCLUSIONS BY TYPES OF CONTRIBUTIONS. The following classification(s)
      of Employees are not eligible for the specified contributions:

          EMPLOYEE CLASSIFICATION: ____________
          CONTRIBUTION TYPE: ______________

4. COMPENSATION (1.07). The Employer makes the following election(s) regarding
the definition of Compensation for purposes of the contribution allocation
formula under Article III: (Choose one of (a), (b) or (c))

[X]  (a) W-2 WAGES INCREASED BY ELECTIVE CONTRIBUTIONS.

[ ]  (b) CODE SECTION 3401(A) FEDERAL INCOME TAX WITHHOLDING WAGES INCREASED BY
     ELECTIVE CONTRIBUTIONS.

[ ]  (c) 415 COMPENSATION.

[Note: Each of the Compensation definitions in (a), (b) and (c) includes
Elective Contributions. See Plan Section 1.07(D). To exclude Elective
Contributions, the Employer must elect (g).]

COMPENSATION TAKEN INTO ACCOUNT. For the Plan Year in which an Employee first
becomes a Participant, the Plan Administrator will determine the allocation of
Employer contributions (excluding deferral contributions) by taking into
account: (Choose one of (d) or (e))

[X]  (d) PLAN YEAR. The Employee's Compensation for the entire Plan Year.

[ ]  (e) COMPENSATION WHILE A PARTICIPANT. The Employee's Compensation only for
     the portion of the Plan Year in which the Employee actually is a
     Participant.

(C) Copyright 2001 BKD Investment Advisors, LLC

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MODIFICATIONS TO COMPENSATION DEFINITION. The Employer elects to modify the
Compensation definition elected in (a), (b) or (c) as follows. (Choose one or
more of (f) through (n) as applicable. If the Employer elects to allocate its
nonelective contribution under Plan Section 3.04 using permitted disparity, (i),
(j), (k) and (l) do not apply):

[ ]  (f) FRINGE BENEFITS. The Plan excludes all reimbursements or other expense
     allowances, fringe benefits (cash and noncash), moving expenses, deferred
     compensation and welfare benefits.

[ ]  (g) ELECTIVE CONTRIBUTIONS. The Plan excludes a Participant's Elective
     Contributions. See Plan Section 1.07(D).

[ ]  (h) EXCLUSION. The Plan excludes Compensation in excess of: ______.

[ ]  (i) BONUSES. The Plan excludes bonuses.

[ ]  (j) OVERTIME. The Plan excludes overtime.

[ ]  (k) COMMISSIONS. The Plan excludes commissions.

[ ]  (l) NONELECTIVE CONTRIBUTIONS. The following modifications apply to the
     definition of Compensation for nonelective contributions: _____.

[ ]  (m) DEFERRAL CONTRIBUTIONS. The following modifications apply to the
     definition of Compensation for deferral contributions: ________.

[ ]  (n) MATCHING CONTRIBUTIONS. The following modifications apply to the
     definition of Compensation for matching contributions: ____.

5. PLAN YEAR/LIMITATION YEAR (1.24). Plan Year and Limitation Year mean the
12-consecutive month period (except for a short Plan Year) ending every: (Choose
(a) or (b). Choose (c) if applicable)

[X]  (a) DECEMBER 31.

[ ]  (b) OTHER: _________________.

[ ]  (c) SHORT PLAN YEAR: commencing on: ________ and ending on: ________.

6. EFFECTIVE DATE (1.10). The Employer's adoption of the Plan is a: (Choose one
of (a) or (b))

[X]  (a) NEW PLAN. The Effective Date of the Plan is: July 1, 2005.

[ ]  (b) RESTATED PLAN. The restated Effective Date is: _____________.

     This Plan is an amendment and restatement of an existing retirement plan(s)
     originally established effective as of: _____

7. HOUR OF SERVICE/ELAPSED TIME METHOD (1.15). The crediting method for Hours of
Service is: (Choose one or more of (a) through (d) as applicable)

[X]  (a) ACTUAL METHOD. See Plan Section 1.15(B).

[ ]  (b) EQUIVALENCY METHOD. The Equivalency Method is: _____. [Note: Insert
     "daily," "weekly," "semi-monthly payroll periods" or "monthly."] See Plan
     Section 1.15(C).

[ ]  (c) COMBINATION METHOD. In lieu of the Equivalency Method specified in (b),
     the Actual Method applies for purposes of: ___________.

[ ]  (d) ELAPSED TIME METHOD. In lieu of crediting Hours of Service, the Elapsed
     Time Method applies for purposes of crediting Service for: (Choose one or
     more of (1), (2) or (3) as applicable)

     [ ]  (1) Eligibility under Article II.

     [ ]  (2) Vesting under Article V.

     [ ]  (3) Contribution allocations under Article III.

                                 (C) Copyright 2001 BKD Investment Advisors, LLC

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8. PREDECESSOR EMPLOYER SERVICE (1.30). In addition to the predecessor service
the Plan must credit by reason of Section 1.30 of the Plan, the Plan credits as
Service under this Plan, service with the following predecessor employer(s):
First State Bank, Twin City Bank, Community Financial Group, Inc., Firs Trust
Financial Services, Inc. and First Data Solutions.

[Note: If the Plan does not credit any additional predecessor service under this
Section 1.30, insert "N/A" in the blank line. The Employer also may elect to
credit predecessor service with specified Participating Employers only. See the
Participation Agreement.] Service with the designated predecessor employer(s)
applies: (Choose one or more of (a) through (d) as applicable)

[X]  (a) ELIGIBILITY. For eligibility under Article II. See Plan Section 1.30
     for time of Plan entry.

[X]  (b) VESTING. For vesting under Article V.

[X]  (c) CONTRIBUTION ALLOCATION. For contribution allocations under Article
     III.

[ ]  (d) EXCEPTIONS. Except for the following Service: ___________.

                                   ARTICLE II
                            ELIGIBILITY REQUIREMENTS

9. ELIGIBILITY (2.01).

ELIGIBILITY CONDITIONS. To become a Participant in the Plan, an Employee must
satisfy the following eligibility conditions: (Choose one or more of (a) through
(e) as applicable) [Note: If the Employer does not elect (c), the Employer's
elections under (a) and (b) apply to all types of contributions. The Employer as
to deferral contributions may not elect (b)(2) and may not elect more than 12
months in (b)(4) and (b)(5).]

[X]  (a) AGE. Attainment of age 21 (not to exceed age 21).

[ ]  (b) SERVICE. Service requirement. (Choose one of (1) through (5))

     [ ]  (1) One Year of Service.

     [ ]  (2) Two Years of Service, without an intervening Break in Service. See
          Plan Section 2.03(A).

     [ ]  (3) One Hour of Service (immediate completion of Service requirement).
          The Employee satisfies the Service requirement on his/her Employment
          Commencement Date.

     [ ]  (4) ___ months (not exceeding 24).

     [ ]  (5) An Employee must complete __________ Hours of Service within the
          _______ time period following the Employee's Employment Commencement
          Date. If an Employee does not complete the stated Hours of Service
          during the specified time period (if any), the Employee is subject to
          the One Year of Service requirement. [Note: The number of hours may
          not exceed 1,000 and the time period may not exceed 24 months. If the
          Plan does not require the Employee to satisfy the Hours of Service
          requirement within a specified time period, insert "N/A" in the second
          blank line.]

[ ]  (c) ALTERNATIVE 401(K)/401(M) ELIGIBILITY CONDITIONS. In lieu of the
     elections in (a) and (b), the Employer elects the following eligibility
     conditions for the following types of contributions: (Choose (1) or (2) or
     both if the Employer wishes to impose less restrictive eligibility
     conditions for deferral/Employee contributions or for matching
     contributions)

          (1)  [ ] DEFERRAL/EMPLOYEE CONTRIBUTIONS: (Choose one of a. through d.
               Choose e. if applicable)

          a.   [ ] One Year of Service

          b.   [ ] One Hour of Service (immediate completion of Service
               requirement)

          c.   [ ] ______ months (not exceeding 12)

          d.   [ ] An Employee must complete __________________ Hours of Service
               within the _______ time period following an Employee's Employment
               Commencement Date. If an Employee does not complete the stated
               Hours of Service during the specified time period (if any), the
               Employee is subject to the One Year of Service requirement.
               [Note: The number of hours may not exceed 1,000 and the time
               period may not exceed 12 months. If the Plan does not require the
               Employee to satisfy the Hours of Service requirement within a
               specified time period, insert "N/A" in the second blank line.]

          e.   [ ] Age ___ (not exceeding age 21)

          (2)  [ ] MATCHING CONTRIBUTIONS: (Choose one of f. through i. Choose
               j. if applicable)

          f.   [ ] One Year of Service

          g.   [ ] One Hour of Service (immediate completion of Service
               requirement)

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          h.   [ ] _______ months (not exceeding 24)

          i.   [ ] An Employee must complete _________ Hours of Service within
               the _________ time period following an Employee's Employment
               Commencement Date. If an Employee does not complete the stated
               Hours of Service during the specified time period (if any), the
               Employee is subject to the One Year of Service requirement.
               [Note: The number of hours may not exceed 1,000 and the time
               period may not exceed 24 months. If the Plan does not require the
               Employee to satisfy the Hours of Service requirement within a
               specified time period, insert "N/A" in the second blank line.]

          j.   [ ] Age (not exceeding age 21)

[ ]  (d) SERVICE REQUIREMENTS: ____________________________.

     [Note: Any Service requirement the Employer elects in (d) must be available
     under other Adoption Agreement elections or a combination thereof.]

[ ]  (e) DUAL ELIGIBILITY. The eligibility conditions of this Section 2.01 apply
     solely to an Employee employed by the Employer after _________. If the
     Employee was employed by the Employer by the specified date, the Employee
     will become a Participant on the latest of: (i) the Effective Date; (ii)
     the restated Effective Date; (iii) the Employee's Employment Commencement
     Date; or (iv) on the date the Employee attains age _________ (not exceeding
     age 21).

PLAN ENTRY DATE. "Plan Entry Date" means the Effective Date and: (Choose one
of (f) through (j). Choose (k) if applicable) [Note: If the Employer does not
elect (k), the elections under (f) through (j) apply to all types of
contributions. The Employer must elect at least one Entry Date per Plan Year.]

[ ]  (f) SEMI-ANNUAL ENTRY DATES. The first day of the Plan Year and the first
     day of the seventh month of the Plan Year.

[ ]  (g) THE FIRST DAY OF THE PLAN YEAR.

[X]  (h) EMPLOYMENT COMMENCEMENT DATE (immediate eligibility).

[ ]  (i) THE FIRST DAY OF EACH: ____________________ (e.g., "Plan Year quarter).

[ ]  (j) THE FOLLOWING PLAN ENTRY DATES: _______________.

[ ]  (k) ALTERNATIVE 401(K)/401(M) PLAN ENTRY DATE(S). For the alternative
     401(k)/401(m) eligibility conditions under (c), Plan Entry Date means:
     (Choose (1) or (2) or both as applicable)

     (1)  [ ] DEFERRAL/EMPLOYEE CONTRIBUTIONS  (2) [ ] MATCHING CONTRIBUTIONS
          (Choose one of a. through d.)            (Choose one of e. through h.)

          a.   [ ] Semi-annual Entry Dates.

          b.   [ ] The first day of the Plan Year

          c.   [ ] Employment Commencement Date
                   (immediate eligibility)

          d.   [ ] The first day of each: _______

          e.   [ ] Semi-annual Entry Dates

          f.   [ ] The first day of the Plan Year

          g.   [ ] Employment Commencement Date
                   (immediate eligibility)

          h.   [ ] The first day of each: _______

TIME OF PARTICIPATION. An Employee will become a Participant, unless excluded
under Section 1.11, on the Plan Entry Date (if employed on that date): (Choose
one of (I), (m) or (n). Choose (o) if applicable): [Note: If the Employer does
not elect (o), the election under (I), (m) or (n) applies to all types of
contributions.]

[X]  (l) IMMEDIATELY FOLLOWING OR COINCIDENT WITH

[ ]  (m) IMMEDIATELY PRECEDING OR COINCIDENT WITH

[ ]  (n) NEAREST

[ ]  (o) ALTERNATIVE 401(K)/401(M)ELECTION(S): (Choose (1) or (2) or both as
     applicable)

     (1)  [ ] DEFERRAL CONTRIBUTIONS

     (2)  [ ] MATCHING CONTRIBUTIONS
              (Choose one of b., c. or d.)

          a.   [ ] Immediately following or coincident with

          b.   [ ] Immediately following or coincident with

          c.   [ ] Immediately preceding or coincident with

          d.   [ ] Nearest

the date the Employee completes the eligibility conditions described in this
Section 2.01. [Note: Unless otherwise excluded under Section 1.11, an Employee
must become a Participant by the earlier of: (1) the first day of the Plan Year
beginning after the date the Employee completes the age and service requirements
of Code Section 410(a); or (2) 6 months after the date the Employee completes
those requirements.]

                                 (C) Copyright 2001 BKD Investment Advisors, LLC

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10. YEAR OF SERVICE - ELIGIBILITY (2.02). (Choose (a) and (b) as applicable):
[Note: If the Employer does not elect a Year of Service condition or elects the
Elapsed Time Method, the Employer should not complete (a) or (b).]

[ ]  (a) YEAR OF SERVICE. An Employee must complete _______________ Hour(s) of
     Service during an eligibility computation period to receive credit for a
     Year of Service under Article II: [Note: The number may not exceed 1,000.
     If left blank, the requirement is 1,000.]

[ ]  (b) ELIGIBILITY COMPUTATION PERIOD. After the initial eligibility
     computation period described in Plan Section 2.02, the Plan measures the
     eligibility computation period as: (Choose one of (1) or (2))

     [ ]  (1) The Plan Year beginning with the Plan Year which includes the
          first anniversary of the Employee's Employment Commencement Date.

     [ ]  (2) The 12-consecutive month period beginning with each anniversary of
          the Employee's Employment Commencement Date.

11. PARTICIPATION - BREAK IN SERVICE (2.03). The one year hold-out rule
described in Plan Section 2.03(B): (Choose one of (a), (b) or (c))

[X]  (a) NOT APPLICABLE. Does not apply to the Plan.

[ ]  (b) APPLICABLE. Applies to the Plan and to all Participants.

[ ]  (c) LIMITED APPLICATION. Applies to the Plan, but only to a Participant who
     has incurred a Separation from Service.

12. ELECTION NOT TO PARTICIPATE (2.06). The Plan: (Choose one of (a) or (b))

[X]  (a) ELECTION NOT PERMITTED. Does not permit an eligible Employee to elect
     not to participate.

[ ]  (b) IRREVOCABLE ELECTION. Permits an Employee to elect not to participate
     if the Employee makes a one-time irrevocable election prior to the
     Employee's Plan Entry Date.

                                   ARTICLE III
         EMPLOYER CONTRIBUTIONS, DEFERRAL CONTRIBUTIONS AND FORFEITURES

13. AMOUNT AND TYPE (3.01). The amount and type(s) of the Employer's
contribution to the Trust for a Plan Year or other specified period will equal:
(Choose one or more of (a) through (f) as applicable)

[X]  (a) DEFERRAL CONTRIBUTIONS (401(K) ARRANGEMENT). The dollar or percentage
     amount by which each Participant has elected to reduce his/her
     Compensation, as provided in the Participant's salary reduction agreement
     and in accordance with Section 3.02.

[X]  (b) MATCHING CONTRIBUTIONS (OTHER THAN SAFE HARBOR MATCHING CONTRIBUTIONS
     UNDER SECTION 3.01 (D)). The matching contributions made in accordance with
     Section 3.03.

[X]  (c) NONELECTIVE CONTRIBUTIONS (PROFIT SHARING). The following nonelective
     contribution (Choose (1) or (2) or both as applicable): [Note: The Employer
     may designate as a qualified nonelective contribution, all or any portion
     of its nonelective contribution. See Plan Section 3.04(F).]

     [X]  (1) DISCRETIONARY. An amount the Employer in its sole discretion may
          determine.

     [ ]  (2) FIXED. The following amount: ____________________

[ ]  (d) 401 (K) SAFE HARBOR CONTRIBUTIONS. The following 401 (k) safe harbor
     contributions described in Plan Section 14.02(D): (Choose one of(1), (2) or
     (3). Choose (4), if applicable)

     [ ]  (1) SAFE HARBOR NONELECTIVE CONTRIBUTION. The safe harbor nonelective
          contribution equals ____% of a Participant's Compensation [Note: the
          amount in the blank must be at least 3%.].

     [ ]  (2) BASIC SAFE HARBOR MATCHING CONTRIBUTION. A matching contribution
          equal to 100% of each Participant's deferral contributions not
          exceeding 3% of the Participant's Compensation, plus 50% of each
          Participant's deferral contributions in excess of 3% but not in excess
          of 5% of the Participant's Compensation. For this purpose,
          "Compensation" means Compensation for: _____________. [Note: The
          Employer must complete the blank line with the applicable time period
          for computing the Employer's basic safe harbor match, such as "each
          payroll period," "each month," "each Plan Year quarter" or "the Plan
          Year".]

     [ ]  (3) ENHANCED SAFE HARBOR MATCHING CONTRIBUTION. ("Choose one of a.
          or b.).

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     [ ]  A. UNIFORM PERCENTAGE. An amount equal to ___% of each Participant's
          deferral contributions not exceeding ____% of the Participant's
          Compensation. For this purpose, "Compensation" means Compensation for:
          _______. [See the Note in (d)(2).]

     [ ]  B. TIERED FORMULA. An amount equal to the specified matching
          percentage for the corresponding level of each Participant's deferral
          contribution percentage. For this purpose, "Compensation" means
          Compensation for: _______________. [See the Note in (d)(2).]

<TABLE>
<CAPTION>
Deferral Contribution Percentage   Matching Percentage
--------------------------------   -------------------
<S>                                <C>
           _________                    _________
           _________                    _________
           _________                    _________
</TABLE>

[Note: The matching percentage may not increase as the deferral contribution
percentage increases and the enhanced matching formula otherwise must satisfy
the requirements of Code Sections 401(k)(12)(B)(ii) and (iii). If the Employer
wishes to avoid ACP testing on its enhanced safe harbor matching contribution,
the Employer also must limit deferral contributions taken into account (the
"Deferral Contribution Percentage") for the matching contribution to 6% of Plan
Year Compensation.]

     [ ]  (4) ANOTHER PLAN. The Employer will satisfy the 401(k) safe harbor
          contribution in the following plan: __________.

[ ]  (e) DAVIS-BACON CONTRIBUTIONS. The amount(s) specified for the applicable
     Plan Year or other applicable period in the Employer's Davis-Bacon
     contract(s). The Employer will make a contribution only to Participants
     covered by the contract and only with respect to Compensation paid under
     the contract. If the Participant accrues an allocation of nonelective
     contributions (including forfeitures) under the Plan in addition to the
     Davis-Bacon contribution, the Plan Administrator will: (Choose one of (1)
     or (2))

     [ ]  (1) Not reduce the Participant's nonelective contribution allocation
          by the Davis-Bacon contribution.

     [ ]  (2) Reduce the Participant's nonelective contribution allocation by
          the Davis-Bacon contribution.

[ ]  (f) FROZEN PLAN. This Plan is a frozen Plan effective: ____. For any period
     following the specified date, the Employer will not contribute to the Plan,
     a Participant may not contribute and an otherwise eligible Employee will
     not become a Participant in the Plan.

14. DEFERRAL CONTRIBUTIONS (3.02). The following limitations and terms apply to
an Employee's deferral contributions: (If the Employer elects Section 3.01(a),
the Employer must elect (a). Choose (b) or (c) as applicable)

[X]  (a) LIMITATION ON AMOUNT. An Employee's deferral contributions are subject
     to the following limitation(s) in addition to those imposed by the Code:
     (Choose (1), (2) or (3) as applicable)

     [ ]  (1) Maximum deferral amount: _________.

     [ ]  (2) Minimum deferral amount: _________.

     [X]  (3) No limitations.

For the Plan Year in which an Employee first becomes a Participant, the Plan
Administrator will apply any percentage limitation the Employer elects in (1) or
(2) to the Employee's Compensation: (Choose one of (4) or (5) unless the
Employer elects (3))

     [ ]  (4) Only for the portion of the Plan Year in which the Employee
          actually is a Participant.

     [ ]  (5) For the entire Plan Year.

[ ]  (b) NEGATIVE DEFERRAL ELECTION. The Employer will withhold ___% from the
     Participant's Compensation unless the Participant elects a lesser
     percentage (including zero) under his/her salary reduction agreement. See
     Plan Section 14.02(C). The negative election will apply to: (Choose one
     of(1) or (2))

     [ ]  (1) All Participants who have not deferred at least the automatic
          deferral amount as of: ________.

     [ ]  (2) Each Employee whose Plan Entry Date is on or following the
          negative election effective date.

[ ]  (c) CASH OR DEFERRED CONTRIBUTIONS. For each Plan Year for which the
     Employer makes a designated cash or deferred contribution under Plan
     Section 14.02(B), a Participant may elect to receive directly in cash not
     more than the following portion (or, if less, the 402(g) limitation) of
     his/her proportionate share of that cash or deferred contribution: (Choose
     one of(1) or (2))

     [ ]  (1) All or any portion.

     [ ]  (2) ____%.

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MODIFICATION/REVOCATION OF SALARY REDUCTION AGREEMENT. A Participant
prospectively may modify or revoke a salary reduction agreement, or may file a
new salary reduction agreement following a prior revocation, at least once per
Plan Year or during any election period specified by the basic plan document or
required by the Internal Revenue Service. The Plan Administrator also may
provide for more frequent elections in the Plan's salary reduction agreement
form.

15. MATCHING CONTRIBUTIONS (INCLUDING ADDITIONAL SAFE HARBOR MATCH UNDER PLAN
SECTION 14.02(D)(3)) (3.03). The Employer matching contribution is: (If the
Employer elects Section 3.01(b), the Employer must elect one or more of (a), (b)
or (c) as applicable. Choose (d) if applicable)

[ ]  (a) FIXED FORMULA. An amount equal to ___% of each Participant's deferral
     contributions.

[X]  (b) DISCRETIONARY FORMULA. An amount (or additional amount) equal to a
     matching percentage the Employer from time to time may deem advisable of
     the Participant's deferral contributions. The Employer, in its sole
     discretion, may designate as a qualified matching contribution, all or any
     portion of its discretionary matching contribution. The portion of the
     Employer's discretionary matching contribution for a Plan Year not
     designated as a qualified matching contribution is a regular matching
     contribution.

[ ]  (c) MULTIPLE LEVEL FORMULA. An amount equal to the following percentages
     for each level of the Participant's deferral contributions. [Note: The
     matching percentage only will apply to deferral contributions in excess of
     the previous level and not in excess of the stated deferral contribution
     percentage.]

<TABLE>
<CAPTION>
Deferral Contributions   Matching Percentage
----------------------   -------------------
<S>                      <C>
      _________                 _________
      _________                 _________
      _________                 _________
</TABLE>

[ ]  (d) RELATED EMPLOYERS. If two or more Related Employers contribute to this
     Plan, the Plan Administrator will allocate matching contributions and
     matching contribution forfeitures only to the Participants directly
     employed by the contributing Employer. The matching contribution formula
     for the other Related Employer(s) is: _____________. [Note: If the Employer
     does not elect (d), the Plan Administrator will allocate all matching
     contributions and matching forfeitures without regard to which contributing
     Related Employer directly employs the Participant.]

TIME PERIOD FOR MATCHING CONTRIBUTIONS. The Employer will determine its matching
contribution based on deferral contributions made during each: (Choose one of(e)
through (h))

[ ]  (e) PLAN YEAR.

[ ]  (f) PLAN YEAR QUARTER.

[X]  (g) PAYROLL PERIOD.

[ ]  (h) ALTERNATIVE TIME PERIOD: ___________________. [Note: Any alternative
     time period the Employer elects in (h) must be the same for all
     Participants and may not exceed the Plan Year.]

DEFERRAL CONTRIBUTIONS TAKEN INTO ACCOUNT. In determining a Participant's
deferral contributions taken into account for the above-specified time period
under the matching contribution formula, the following limitations apply:
(Choose one of(i), (j) or (k))

[ ]  (i) ALL DEFERRAL CONTRIBUTIONS. The Plan Administrator will take into
     account all deferral contributions.

[ ]  (j) SPECIFIC LIMITATION. The Plan Administrator will disregard deferral
     contributions exceeding ___% of the Participant's Compensation. [Note: To
     avoid the ACP test in a safe harbor 401(k) plan, the Employer must limit
     deferrals and Employee contributions which are subject to match to 6% of
     Plan Year Compensation.]

[X]  (k) DISCRETIONARY. The Plan Administrator will take into account the
     deferral contributions as a percentage of the Participant's Compensation as
     the Employer determines.

OTHER MATCHING CONTRIBUTION REQUIREMENTS. The matching contribution formula is
subject to the following additional requirements: (Choose (I) or (m) or both if
applicable)

[ ]  (1) MATCHING CONTRIBUTION LIMITS. A Participant's matching contributions
     may not exceed: (Choose one of(1) or (2))

     [ ]  (1) ________________. [Note: The Employer may elect (1) to place an
          overall dollar or percentage limit on matching contributions.]

     [ ]  (2) 4% of a Participant's Compensation for the Plan Year under the
          discretionary matching contribution formula. [Note: The Employer must
          elect (2) if it elects a discretionary matching formula with the safe
          harbor 401(k) contribution formula and wishes to avoid the ACP test.]

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[ ]  (m) QUALIFIED MATCHING CONTRIBUTIONS. The Plan Administrator will allocate
     as qualified matching contributions, the matching contributions specified
     in Adoption Agreement Section: __________. The Plan Administrator will
     allocate all other matching contributions as regular matching
     contributions. [Note: If the Employer elects two matching formulas, the
     Employer may use (m) to designate one of the formulas as a qualified
     matching contribution.]

16. CONTRIBUTION ALLOCATION (3.04).

EMPLOYER NONELECTIVE CONTRIBUTIONS (3.04(A)). The Plan Administrator will
allocate the Employer's nonelective contribution under the following
contribution allocation formula: (Choose one of (a), (b) or (c). Choose (d) if
applicable)

[X]  (a) NONINTEGRATED (PRO RATA) ALLOCATION FORMULA.

[ ]  (b) PERMITTED DISPARITY. The following permitted disparity formula and
     definitions apply to the Plan: (Choose one of(1) or (2). Also choose (3))

     [ ]  (1) Two-tiered allocation formula.

     [ ]  (2) Four-tiered allocation formula.

     [ ]  (3) For purposes of Section 3.04(b), "Excess Compensation" means
          Compensation in excess of: (Choose one of a. or b.)

          [ ]  a. ___% of the taxable wage base in effect on the first day of
               the Plan Year, rounded to the next highest $____ (not exceeding
               the taxable wage base).

          [ ]  b. The following integration level: ______________

               [Note: The Integration level cannot exceed the taxable wage base
               in effect for the Plan Year for which this Adoption Agreement
               first is effective.]

[ ]  (c) UNIFORM POINTS ALLOCATION FORMULA. Under the uniform points allocation
     formula, a Participant receives: (Choose (1) or both (1) and (2) as
     applicable)

     [ ]  (1) _____________ point(s) for each Year of Service. Year of Service
          means: _______________________.

     [ ]  (2) One point for each $_______ [not to exceed $200] increment of Plan
          Year Compensation.

[ ]  (d) INCORPORATION OF CONTRIBUTION FORMULA. The Plan Administrator will
     allocate the Employer's nonelective contribution under Section(s) 3.01
     (c)(2), (d)(1) or (e) in accordance with the contribution formula adopted
     by the Employer under that Section.

QUALIFIED NONELECTIVE CONTRIBUTIONS. (3.04(F)). The Plan Administrator will
allocate the Employer's qualified nonelective contributions to: (Choose one of
(e) or (f))

[ ]  (e) NONHIGHLY COMPENSATED EMPLOYEES ONLY.

[X]  (f) ALL PARTICIPANTS.

RELATED EMPLOYERS. (Choose (g) if applicable)

[ ]  (g) ALLOCATE ONLY TO DIRECTLY EMPLOYED PARTICIPANTS. If two or more Related
     Employers adopt this Plan, the Plan Administrator will allocate all
     nonelective contributions and forfeitures attributable to nonelective
     contributions only to the Participants directly employed by the
     contributing Employer. If a Participant receives Compensation from more
     than one contributing Employer, the Plan Administrator will determine the
     allocations under this Section 3.04 by prorating the Participant's
     Compensation between or among the participating Related Employers. [Note:
     If the Employer does not elect 3.04(g), the Plan Administrator will
     allocate all nonelective contributions and forfeitures without regard to
     which contributing Related Employer directly employs the Participant. The
     Employer may not elect 3.04(g) under a safe harbor 401(k) Plan.]

17. FORFEITURE ALLOCATION (3.05). The Plan Administrator will allocate a
Participant forfeiture: (Choose one or more of (a), (b) or (c) as applicable)
[Note: Even if the Employer elects immediate vesting, the Employer should
complete Section 3.05. See Plan Section 9.11.]

[X]  (a) MATCHING CONTRIBUTION FORFEITURES. To the extent attributable to
     matching contributions: (Choose one of(1) through (4))

     [X]  (1) As a discretionary matching contribution.

     [ ]  (2) To reduce matching contributions.

     [ ]  (3) As a discretionary nonelective contribution.

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[ ]  (4) To reduce nonelective contributions.

[X]  (b) NONELECTIVE CONTRIBUTION FORFEITURES. To the extent attributable to
     Employer nonelective contributions: (Choose one of(1) through (4))

     [X]  (1) As a discretionary nonelective contribution.

     [ ]  (2) To reduce nonelective contributions.

     [ ]  (3) As a discretionary matching contribution.

     [ ]  (4) To reduce matching contributions.

[ ]  (c) REDUCE ADMINISTRATIVE EXPENSES. First to reduce the Plan's ordinary and
     necessary administrative expenses for the Plan Year and then allocate any
     remaining forfeitures in the manner described in Sections 3.05(a) or (b) as
     applicable.

TIMING OF FORFEITURE ALLOCATION. The Plan Administrator will allocate
forfeitures under Section 3.05 in the Plan Year: (Choose one of (d) or (e))

[X]  (d) In which the forfeiture occurs.

[ ]  (e) Immediately following the Plan Year in which the forfeiture occurs.

18. ALLOCATION CONDITIONS (3.06).

ALLOCATION CONDITIONS. The Plan does not apply any allocation conditions to
deferral contributions, 401(k) safe harbor contributions (under Section 3.01
(d)) or to Davis-Bacon contributions (except as the Davis-Bacon contract
provides). To receive an allocation of matching contributions, nonelective
contributions, qualified nonelective contributions or Participant forfeitures, a
Participant must satisfy the following allocation condition(s): (Choose one or
more of (a) through (i) as applicable)

[X]  (a) HOURS OF SERVICE CONDITION. The Participant must complete at least the
     specified number of Hours of Service (not exceeding 1,000) during the Plan
     Year: 1,000

[X]  (b) EMPLOYMENT CONDITION. The Participant must be employed by the Employer
     on the last day of the Plan Year (designate time period).

[ ]  (c) NO ALLOCATION CONDITIONS.

[ ]  (d) ELAPSED TIME METHOD. The Participant must complete at least the
     specified number (not exceeding 182) of consecutive calendar days of
     employment with the Employer during the Plan Year: _______.

[ ]  (e) TERMINATION OF SERVICE/501 HOURS OF SERVICE COVERAGE RULE. The
     Participant either must be employed by the Employer on the last day of the
     Plan Year or must complete at least 501 Hours of Service during the Plan
     Year. If the Plan uses the Elapsed Time Method of crediting Service, the
     Participant must complete at least 91 consecutive calendar days of
     employment with the Employer during the Plan Year.

[ ]  (f) SPECIAL ALLOCATION CONDITIONS FOR MATCHING CONTRIBUTIONS. The
     Participant must complete at least ____ Hours of Service during the ______
     (designate time period) for the matching contributions made for that time
     period.

[ ]  (g) DEATH, DISABILITY OR NORMAL RETIREMENT AGE. Any condition specified in
     Section 3.06 _______ applies if the Participant incurs a Separation from
     Service during the Plan Year on account of: _____________ (e.g., death,
     Disability or Normal Retirement Age).

[X]  (h) SUSPENSION OF ALLOCATION CONDITIONS FOR COVERAGE. The suspension of
     allocation conditions of Plan Section 3.06(E) applies to the Plan.

[X]  (i) LIMITED ALLOCATION CONDITIONS. The Plan does not impose an allocation
     condition for the following types of contributions: matching contributions.
     [Note: Any election to limit the Plan's allocation conditions to certain
     contributions must be the same for all Participants, be definitely
     determinate and not discriminate in favor of Highly Compensated Employees.]

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                                   ARTICLE IV
                            PARTICIPANT CONTRIBUTIONS

19. EMPLOYEE (AFTER TAX) CONTRIBUTIONS (4.02). The following elections apply to
Employee contributions: (Choose one of (a) or (b). Choose (c) if applicable)

[X]  (a) NOT PERMITTED. The Plan does not permit Employee contributions.

[ ]  (b) PERMITTED. The Plan permits Employee contributions subject to the
     following limitations: ______.

     [Note: Any designated limitation(s) must be the same for all Participants,
     be definitely determinable and not discriminate in favor of Highly
     Compensated Employees.]

[ ]  (c) MATCHING CONTRIBUTION. For each Plan Year, the Employer's matching
     contribution made with respect to Employee contributions is: _________.

                                    ARTICLE V
                              VESTING REQUIREMENTS

20. NORMAL/EARLY RETIREMENT AGE (5.01). A Participant attains Normal Retirement
Age (or Early Retirement Age, if applicable) under the Plan on the following
date: (Choose one of (a) or (b). Choose (c) if applicable)

[ ]  (a) SPECIFIC AGE. The date the Participant attains age _______. [Note: The
     age may not exceed age 65.]

[X]  (b) AGE/PARTICIPATION. The later of the date the Participant attains 59.5
     years of age or the 5th anniversary of the first day of the Plan Year in
     which the Participant commenced participation in the Plan. [Note: The age
     may not exceed age 65 and the anniversary may not exceed the 5th.]

[ ]  (c) EARLY RETIREMENT AGE. Early Retirement Age is the later of: (i) the
     date a Participant attains age __________ or (ii) the date a Participant
     reaches his/her _______ anniversary of the first day of the Plan Year in
     which the Participant commenced participation in the Plan.

21. PARTICIPANTS DEATH OR DISABILITY (5.02). The 100% vesting rule under Plan
Section 5.02 does not apply to: (Choose (a) or (b) or both as applicable)

[ ]  (a) DEATH.

[ ]  (b) DISABILITY.

22. VESTING SCHEDULE (5.03). A Participant has a 100% Vested interest at all
times in his/her deferral contributions, qualified nonelective contributions,
qualified matching contributions, 401(k) safe harbor contributions and
Davis-Bacon contributions (unless otherwise indicated in (f)). The following
vesting schedule applies to Employer regular matching contributions and to
Employer nonelective contributions: (Choose (a) or choose one or more of (b)
through (f) as applicable)

[ ]  (a) IMMEDIATE VESTING. 100% Vested at all times. [Note: The Employer must
     elect (a) if the Service condition under Section 2.01 exceeds One Year of
     Service or more than twelve months.]

[X]  (b) TOP-HEAVY VESTING SCHEDULES. [Note: The Employer must choose one of
     (b)(1), (2) or (3) if it does not elect (a).]

     [ ]  (1) 6-year graded as specified in the Plan.

     [ ]  (2) 3-year cliff as specified in the Plan.

     [X]  (3) Modified top-heavy schedule

<TABLE>
<CAPTION>
Years of                 Vested
 Service               Percentage
--------               ----------
<S>                    <C>
Less than 1 ........        0%
   1................        0%
   2................       25%
   3................       50%
   4................       75%
   5................      100%
</TABLE>

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[ ]  (c) NON-TOP-HEAVY VESTING SCHEDULES. [Note: The Employer may elect one of
     (c)(1), (2) or (3) in addition to (b).]

     [ ]  (1) 7-year graded as specified in the Plan.

     [ ]  (2) 5-year cliff as specified in the Plan.

     [ ]  (3) Modified non-top-heavy schedule

<TABLE>
<CAPTION>
Years of                 Vested
Services               Percentage
--------               ----------
<S>                    <C>
Less than 1 ........      ___%
   1................      ___%
   2................      ___%
   3................      ___%
   4................      ___%
   5................      ___%
   6................      ___%
   7 or more .......      100%
</TABLE>

If the Employer does not elect (c), the vesting schedule elected in (b) applies
to all Plan Years. [Note: The modified top-heavy schedule of (b)(3) must satisfy
Code Section 416. If the Employer elects (c)(3), the modified non-top-heavy
schedule must satisfy Code Section 411(a)(2).]

[ ]  (d) SEPARATE VESTING ELECTION FOR REGULAR MATCHING CONTRIBUTIONS. In lieu
     of the election under (a), (b) or (c), the following vesting schedule
     applies to a Participant's regular matching contributions: (Choose one of
     (1) or (2))

     [ ]  (1) 100% Vested at all times.

     [ ]  (2) Regular matching vesting schedule: _____________.

          [Note: The vesting schedule completed under (d)(2) must comply with
          Code Section 411(a)(4).]

[ ]  (e) APPLICATION OF TOP-HEAVY SCHEDULE. The non-top-heavy schedule elected
     under (c) applies in all Plan Years in which the Plan is not a top-heavy
     plan. [Note: If the Employer does not elect (e), the top-heavy vesting
     schedule will apply for the first Plan Year in which the Plan is top-heavy
     and then in all subsequent Plan Years.]

[ ]  (f) SPECIAL VESTING PROVISIONS: ____________. [Note: Any special vesting
     provision must satisfy Code Section 411 (a). Any special vesting provision
     must be definitely determinable, not discriminate in favor of Highly
     Compensated Employees and not violate Code Section 401(a)(4).]

23. YEAR OF SERVICE - VESTING (5.06). (Choose (a) and (b)): [Note: If the
Employer elects the Elapsed Time Method or elects Immediate vesting, the
Employer should not complete (a) or (b).]

[X]  (a) YEAR OF SERVICE. An Employee must complete at least 1,000 Hours of
     Service during a vesting computation period to receive credit for a Year of
     Service under Article V. [Note: The number may not exceed 1,000. If left
     blank, the requirement is 1,000.]

[X]  (b) VESTING COMPUTATION PERIOD. The Plan measures a Year of Service on the
     basis of the following 12-consecutive month period: (Choose one of (1) or
     (2))

     [X]  (1) Plan Year.

     [ ]  (2) Employment year (anniversary of Employment Commencement Date).

24. EXCLUDED YEARS OF SERVICE - VESTING (5.08). The Plan excludes the following
Years of Service for purposes of vesting: (Choose (a) or choose one or more of
(b) through (f) as applicable)

[X]  (a) NONE. None other than as specified in Plan Section 5.08(a).

[ ]  (b) AGE 18. Any Year of Service before the Year of Service during which the
     Participant attained the age of 18.

[ ]  (c) PRIOR TO PLAN ESTABLISHMENT. Any Year of Service during the period the
     Employer did not maintain this Plan or a predecessor plan.

[ ]  (d) PARITY BREAK IN SERVICE. Any Year of Service excluded under the rule of
     parity. See Plan Section 5.10.

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[ ]  (e) PRIOR PLAN TERMS. Any Year of Service disregarded under the terms of
     the Plan as in effect prior to this restated Plan.

[ ]  (f) ADDITIONAL EXCLUSIONS. Any Year of Service before: ______

     [Note: Any exclusion specified under (f) must comply with Code Section
     411(a)(4). Any exclusion must be definitely determinable, not discriminate
     in favor of Highly Compensated Employees and not violate Code Section
     401(a)(4). If the Employer elects immediate vesting, the Employer should
     not complete Section 5.08.]

                                   ARTICLE VI
                         DISTRIBUTION OF ACCOUNT BALANCE

25. TIME OF PAYMENT OF ACCOUNT BALANCE (6.01). The following time of
distribution elections apply to the Plan:

SEPARATION FROM SERVICE/VESTED ACCOUNT BALANCE NOT EXCEEDING $5,000. Subject to
the limitations of Plan Section 6.01(A)(1), the Trustee will distribute in a
lump sum (regardless of the Employer's election under Section 6.04) a separated
Participant's Vested Account Balance not exceeding $5,000: (Choose one of (a)
through (d))

[X]  (a) IMMEDIATE. As soon as administratively practicable following the
     Participant's Separation from Service.

[ ]  (b) DESIGNATED PLAN YEAR. As soon as administratively practicable in the
     _____ Plan Year beginning after the Participant's Separation from Service.

[ ]  (c) DESIGNATED PLAN YEAR QUARTER. As soon as administratively practicable
     in the _____ Plan Year quarter beginning after the Participant's Separation
     from Service.

[ ]  (d) DESIGNATED DISTRIBUTION. As soon as administratively practicable in
     the: ____________ following the Participant's Separation from Service.
     [Note: The designated distribution time must be the same for all
     Participants, be definitely determinable, not discriminate in favor of
     Highly Compensated Employees and not violate Code Section 401(a)(4).]

SEPARATION FROM SERVICE/VESTED ACCOUNT BALANCE EXCEEDING $5,000. A separated
Participant whose Vested Account Balance exceeds $5,000 may elect to commence
distribution of his/her Vested Account Balance no earlier than: (Choose one
of(e) through (i). Choose (j) if applicable)

[X]  (e) IMMEDIATE. As soon as administratively practicable following the
     Participant's Separation from Service.

[ ]  (f) DESIGNATED PLAN YEAR. As soon as administratively practicable in the
     _________ Plan Year beginning after the Participant's Separation from
     Service.

[ ]  (g) DESIGNATED PLAN YEAR QUARTER. As soon as administratively practicable
     in the ________ Plan Year quarter following the Plan Year quarter in which
     the Participant elects to receive a distribution.

[ ]  (h) NORMAL RETIREMENT AGE. As soon as administratively practicable after
     the close of the Plan Year in which the Participant attains Normal
     Retirement Age and within the time required under Plan Section 6.01 (A)(2).

[ ]  (i) DESIGNATED DISTRIBUTION. As soon as administratively practicable in
     the: __________ following the Participant's Separation from Service. [Note:
     The designated distribution time must be the same for all Participants, be
     definitely determinable, not discriminate in favor of Highly Compensated
     Employees and not violate Code Section 401(a)(4).]

[ ]  (j) LIMITATION ON PARTICIPANT'S RIGHT TO DELAY DISTRIBUTION. A Participant
     may not elect to delay commencement of distribution of his/her Vested
     Account Balance beyond the later of attainment of age 62 or Normal
     Retirement Age. [Note: If the Employer does not elect (j), the Plan permits
     a Participant who has Separated from Service to delay distribution until
     his/her required beginning date. See Plan Section 6.01(A)(2).]

PARTICIPANT ELECTIONS PRIOR TO SEPARATION FROM SERVICE. A Participant, prior to
Separation from Service may elect any of the following distribution options in
accordance with Plan Section 6.01(C). (Choose (k) or choose one or more of (l)
through (o) as applicable). [Note: If the Employer elects any in-service
distributions option, a Participant may elect to receive one in-service
distribution per Plan Year unless the Plan's in-service distribution form
provides for more frequent in-service distributions.]

[ ]  (k) NONE. A Participant does not have any distribution option prior to
     Separation from Service, except as may be provided under Plan Section 6.01
     (C).

[X]  (l) DEFERRAL CONTRIBUTIONS. Distribution of all or any portion (as
     permitted by the Plan) of a Participant's Account Balance attributable to
     deferral contributions if: (Choose one or more of (1), (2) or (3) as
     applicable)

     [X]  (1) HARDSHIP (SAFE HARBOR HARDSHIP RULE). The Participant has incurred
          a hardship in accordance with Plan Sections 6.09 and 14.11(A).

     [X]  (2) AGE. The Participant has attained age 59.5 (Must be at least age
          59 1/2),

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     [ ]  (3) DISABILITY. The Participant has incurred a Disability.

[ ]  (m) QUALIFIED NONELECTIVE contributions/qualified matching
     contributions/safe harbor contributions. Distribution of all or any portion
     of a Participant's Account Balance attributable to qualified nonelective
     contributions, to qualified matching contributions, or to 401(k)safe harbor
     contributions if: (Choose (1) or (2) or both as applicable)

     [ ]  (1) AGE. The Participant has attained age __ (Must be at least age 59
          1/2).

     [ ]  (2) DISABILITY. The Participant has incurred a Disability.

[X]  (n) NONELECTIVE contributions/regular matching contributions. Distribution
     of all or any portion of a Participant's Vested Account Balance
     attributable to nonelective contributions or to regular matching
     contributions if: (Choose one or more of (1) through (5) as applicable)

     [X]  (1) AGE/SERVICE CONDITIONS. (Choose one or more of a. through d. as
          applicable):

          [X]  a. AGE. The Participant has attained age 59.5

          [ ]  b. TWO-YEAR ALLOCATIONS. The Plan Administrator has allocated the
               contributions to be distributed for a period of not less than __
               Plan Years before the distribution date. [Note: The minimum
               number of years is 2.]

          [ ]  c. FIVE YEARS OF PARTICIPATION. The Participant has participated
               in the Plan for at least Plan Years. [Note: The minimum number of
               years is 5.]

          [ ]  d. VESTED. The Participant is _______% Vested in his/her Account
               Balance. See Plan Section 5.03(A).

               [Note: If an Employer makes more than one election under Section
               6.01(n)(1), a Participant must satisfy all conditions before the
               Participant is eligible for the distribution.]

     [ ]  (2) HARDSHIP. The Participant has incurred a hardship in accordance
          with Plan Section 6.09.

     [ ]  (3) HARDSHIP (SAFE HARBOR HARDSHIP RULE). The Participant has incurred
          a hardship in accordance with Plan Sections 6.09 and 14.11(A).

     [ ]  (4) DISABILITY. The Participant has incurred a Disability.

     [ ]  (5) DESIGNATED CONDITION. The Participant has satisfied the following
          condition(s): ______________.

          [Note: Any designated condition(s) must be the same for all
          Participants, be definitely determinable and not discriminate in favor
          of Highly Compensated Employees.]

[X]  (o) PARTICIPANT CONTRIBUTIONS. Distribution of all or any portion of a
     Participant's Account Balance attributable to the following Participant
     contributions described in Plan Section 4.01: (Choose one of (1), (2) or
     (3))

     [ ]  (1) ALL PARTICIPANT CONTRIBUTIONS.

     [ ]  (2) EMPLOYEE CONTRIBUTIONS ONLY.

     [X]  (3) ROLLOVER CONTRIBUTIONS ONLY.

PARTICIPANT LOAN DEFAULT/OFFSET. See Section 6.08 of the Plan.

26. DISTRIBUTION METHOD (6.03). A separated Participant whose Vested Account
Balance exceeds $5,000 may elect distribution under one of the following
method(s) of distribution described in Plan Section 6.03: (Choose one or more of
(a) through (d) as applicable)

[X]  (a) LUMP SUM.

[ ]  (b) INSTALLMENTS.

[X]  (c) INSTALLMENTS FOR REQUIRED MINIMUM DISTRIBUTIONS ONLY.

[ ]  (d) ANNUITY DISTRIBUTION OPTION(S): ___________.

     [Note: Any optional method of distribution may not be subject to Employer,
     Plan Administrator or Trustee discretion.]

27. JOINT AND SURVIVOR ANNUITY REQUIREMENTS (6.04). The joint and survivor
annuity distribution requirements of Plan Section 6.04: (Choose one of (a) or
(b))

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[X]  (a) PROFIT SHARING PLAN EXCEPTION. Do not apply to a Participant, unless
     the Participant is a Participant described in Section 6.04(H) of the Plan.

[ ]  (b) APPLICABLE. Apply to all Participants.

                                   ARTICLE IX
       PLAN ADMINISTRATOR - DUTIES WITH RESPECT TO PARTICIPANTS' ACCOUNTS

28. ALLOCATION OF NET INCOME, GAIN OR LOSS (9.08). For each type of contribution
provided under the Plan, the Plan allocates net income, gain or loss using the
following method: (Choose one or more of (a) through (e) as applicable)

[X]  (a) DEFERRAL CONTRIBUTIONS/EMPLOYEE CONTRIBUTIONS. (Choose one or more
     of(1) through (5) as applicable)

     [X]  (1) DAILY VALUATION METHOD. Allocate on each business day of the Plan
          Year during which Plan assets for which there is an established market
          are valued and the Trustee is conducting business.

     [ ]  (2) BALANCE FORWARD METHOD. Allocate using the balance forward method.

     [ ]  (3) WEIGHTED AVERAGE METHOD. Allocate using the weighted average
          method, based on the following weighting period: _____. See Plan
          Section 14.12.

     [ ]  (4) BALANCE FORWARD METHOD WITH ADJUSTMENT. Allocate pursuant to the
          balance forward method, except treat as part of the relevant Account
          at the beginning of the valuation period _________% of the
          contributions made during the following valuation period: _____.

     [ ]  (5) INDIVIDUAL ACCOUNT METHOD. Allocate using the individual account
          method. See Plan Section 9.08.

[X]  (b) MATCHING CONTRIBUTIONS. (Choose one or more of (1) through (5) as
     applicable)

     [X]  (1) DAILY VALUATION METHOD. Allocate on each business day of the Plan
          Year during which Plan assets for which there is an established market
          are valued and the Trustee is conducting business.

     [ ]  (2) BALANCE FORWARD METHOD. Allocate using the balance forward method.

     [ ]  (3) WEIGHTED AVERAGE METHOD. Allocate using the weighted average
          method, based on the following weighting period: _____. See Plan
          Section 14.12.

     [ ]  (4) BALANCE FORWARD METHOD WITH ADJUSTMENT. Allocate pursuant to the
          balance forward method, except treat as part of the relevant Account
          at the beginning of the valuation period _____% of the contributions
          made during the following valuation period: _____.

     [ ]  (5) INDIVIDUAL ACCOUNT METHOD. Allocate using the individual account
          method. See Plan Section 9.08.

[X]  (c) EMPLOYER NONELECTIVE CONTRIBUTIONS. (Choose one or more of (1) through
     (5) as applicable)

     [X]  (1) DAILY VALUATION METHOD. Allocate on each business day of the Plan
          Year during which Plan assets for which there is an established market
          are valued and the Trustee is conducting business.

     [ ]  (2) BALANCE FORWARD METHOD. Allocate using the balance forward method.

     [ ]  (3) WEIGHTED AVERAGE METHOD. Allocate using the weighted average
          method, based on the following weighting period: _____. See Plan
          Section 14.12.

     [ ]  (4) BALANCE FORWARD METHOD WITH ADJUSTMENT. Allocate pursuant to the
          balance forward method, except treat as part of the relevant Account
          at the beginning of the valuation period _____% of the contributions
          made during the following valuation period: _____.

     [ ]  (5) INDIVIDUAL ACCOUNT METHOD. Allocate using the individual account
          method. See Plan Section 9.08.

[ ]  (d) SPECIFIED METHOD. Allocate pursuant to the following method: _____.

     [Note: The specified method must be a definite predetermined formula which
     is not based on Compensation, which satisfies the nondiscrimination
     requirements of Treas. Reg. Section 1.401(a)(4) and which is applied
     uniformly to all Participants.]

[ ]  (e) INTEREST RATE FACTOR. In accordance with Plan Section 9.08(E), the Plan
     includes interest at the following rate on distributions made more than 90
     days after the most recent valuation date: _____.

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                                    ARTICLE X
                    TRUSTEE AND CUSTODIAN, POWERS AND DUTIES

29. INVESTMENT POWERS (10.03). The following additional investment options or
limitations apply under Plan Section 10.03: _____. [Note: Enter "N/A" if not
applicable.]

30. VALUATION OF TRUST (10.15). In addition to the last day of the Plan Year,
the Trustee must value the Trust Fund on the following valuation date(s):
(Choose one of (a) through (d))

[X] (a) DAILY VALUATION DATES. Each business day of the Plan Year on which Plan
     assets for which there is an established market are valued and the Trustee
     is conducting business.

[ ]  (b) LAST DAY OF A SPECIFIED PERIOD. The last day of each _____ of the Plan
     Year.

[ ]  (c) SPECIFIED DATES: _____.

[ ]  (d) NO ADDITIONAL VALUATION DATES.

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<PAGE>

                                 EXECUTION PAGE

     The Trustee (and Custodian, if applicable), by executing this Adoption
Agreement, accepts its position and agrees to all of the obligations,
responsibilities and duties imposed upon the Trustee (or Custodian) under the
Prototype Plan and Trust. The Employer hereby agrees to the provisions of this
Plan and Trust, and in witness of its agreement, the Employer by its duly
authorized officers, has executed this Adoption Agreement, and the Trustee (and
Custodian, if applicable) has signified its acceptance, on: ___________________.

                                        Name of Employer: Home BancShares. Inc.
                                        Employer's EIN: 71-0482831

                                        Signed: /s/ Randy Mayor
                                                --------------------------------
                                                Randy Mayor, Treasurer
                                                                    [Name/Title]

                                        Name(s) of Trustee:

                                        FirsTrust Financial Services, Inc.

                                        ----------------------------------------

                                        ----------------------------------------

                                        ----------------------------------------

                                        ----------------------------------------

                                        ----------------------------------------

                                        ----------------------------------------

                                        ----------------------------------------

                                        Trust EIN (Optional):

                                                --------------------------------

                                        Signed:
                                                --------------------------------

                                        ----------------------------------------
                                                                    [Name/Title]

                                        Signed:
                                                --------------------------------

                                        ----------------------------------------
                                                                    [Name/Title]

                                        Signed:
                                                --------------------------------

                                        ----------------------------------------
                                                                    [Name/Title]

                                        Signed:
                                                --------------------------------

                                        ----------------------------------------
                                                                    [Name/Title]

                                        Signed:
                                                --------------------------------

                                        ----------------------------------------
                                                                    [Name/Title]

                                        Signed:
                                                --------------------------------

                                        ----------------------------------------
                                                                    [Name/Title]

                                        Signed:
                                                --------------------------------

                                        ----------------------------------------
                                                                    [Name/Title]

                                        Signed:
                                                --------------------------------

                                        ----------------------------------------
                                                                    [Name/Title]

                                        Name of Custodian (Optional):

                                        Signed:
                                                --------------------------------

                                        ----------------------------------------
                                                                    [Name/Title]

31. PLAN NUMBER. The 3-digit plan number the Employer assigns to this Plan for
ERISA reporting purposes (Form 5500 Series) is: 001.

                                 (C) Copyright 2001 BKD Investment Advisors. LLC

                                       16
<PAGE>

USE OF ADOPTION AGREEMENT. Failure to complete properly the elections in this
Adoption Agreement may result in disqualification of the Employer's Plan. The
Employer only may use this Adoption Agreement in conjunction with the basic plan
document referenced by its document number on Adoption Agreement page one.

EXECUTION FOR PAGE SUBSTITUTION AMENDMENT ONLY. If this paragraph is completed,
this Execution Page documents an amendment to Adoption Agreement Section(s)
_________ effective _________, by substitute Adoption Agreement page number(s)
_________.

PROTOTYPE PLAN SPONSOR. The Prototype Plan Sponsor identified on the first page
of the basic plan document will notify all adopting employers of any amendment
of this Prototype Plan or of any abandonment or discontinuance by the Prototype
Plan Sponsor of its maintenance of this Prototype Plan. For inquiries regarding
the adoption of the Prototype Plan, the Prototype Plan Sponsor's intended
meaning of any Plan provisions or the effect of the opinion letter issued to the
Prototype Plan Sponsor, please contact the Prototype Plan Sponsor at the
following address and telephone number: P. O. Box 3667. Little Rofck, AR 72203.
(501) 372-1040

RELIANCE ON SPONSOR OPINION LETTER. The Prototype Plan Sponsor has obtained from
the IRS an opinion letter specifying the form of this Adoption Agreement and the
basic plan document satisfy, as of the date of the opinion letter, Code Section
401. An adopting Employer may rely on the Prototype Sponsor's IRS opinion letter
only to the extent provided in Announcement 2001-77, 2001-30 I.R.B. The Employer
may not rely on the opinion letter in certain other circumstances or with
respect to certain qualification requirements, which are specified in the
opinion letter and in Announcement 2001-77. In order to have reliance in such
circumstances or with respect to such qualification requirements, the Employer
must apply for a determination letter to Employee Plans Determinations of the
Internal Revenue Service.

(C) Copyright 2001 BKD Investment Advisors, LLC

                                       17

<PAGE>

                             PARTICIPATION AGREEMENT

         [X] CHECK HERE IF NOT APPLICABLE AND DO NOT COMPLETE THIS PAGE.

     The undersigned Employer, by executing this Participation Agreement, elects
to become a Participating Employer in the Plan identified in Section 1.21 of the
accompanying Adoption Agreement, as if the Participating Employer were a
signatory to that Adoption Agreement. The Participating Employer accepts, and
agrees to be bound by, all of the elections granted under the provisions of the
Prototype Plan as made by the Signatory Employer to the Execution Page of the
Adoption Agreement, except as otherwise provided in this Participation
Agreement.

32. EFFECTIVE DATE (1.10). The Effective Date of the Plan for the Participating
Employer is: _________________________.

33. NEW PLAN/RESTATEMENT. The Participating Employer's adoption of this Plan
constitutes: (Choose one of (a) or (b))

[ ]  (a) The adoption of a new plan by the Participating Employer.

[ ]  (b) The adoption of an amendment and restatement of a plan currently
     maintained by the Participating Employer, identified
     as: ____________________________________________________________________,
     and having an original effective date of: _____________________________.

34. PREDECESSOR EMPLOYER SERVICE (1.30). In addition to the predecessor service
credited by reason of Section 1.30 of the Plan, the Plan credits as Service
under this Plan, service with this Participating Employer. (Choose one or more
of (a) through (d) as applicable): [Note: If the Plan does not credit any
additional predecessor service under Section 1.30 for this Participating
Employer, do not complete this election.]

[ ]  (a) ELIGIBILITY. For eligibility under Article II. See Plan Section 1.30
     for time of Plan entry.

[ ]  (b) VESTING. For vesting under Article V.

[ ]  (c) CONTRIBUTION ALLOCATION. For contribution allocations under Article
     III.

[ ]  (d) EXCEPTIONS. Except for the following Service: _____.

Name of Plan:                           Name of Participating Employer:

-------------------------------------   ----------------------------------------

                                        Signed:
                                               ---------------------------------

                                        ----------------------------------------
                                                                    [Name/Title]
                                        ----------------------------------------
                                                                          [Date]

                                        Participating Employer's EIN:
                                                                      ----------

ACCEPTANCE BY THE SIGNATORY EMPLOYER TO THE EXECUTION PAGE OF THE ADOPTION
AGREEMENT AND BY THE TRUSTEE.

Name of Signatory Employer:             Name(s) of Trustee:

-------------------------------------   ----------------------------------------

-------------------------------------   ----------------------------------------
                         [Name/Title]                               [Name/Title]

Signed:                                 Signed:
        -----------------------------           --------------------------------

-------------------------------------   ----------------------------------------
                               [Date]                                     [Date]

[Note.- Each Participating Employer must execute a separate Participation
Agreement. If the Plan does not have a Participating Employer, the Signatory
Employer may delete this page from the Adoption Agreement.]

                                 (C) Copyright 2001 BKD Investment Advisors, LLC

                                       18

<PAGE>

                                   APPENDIX A
                    TESTING ELECTIONS/EFFECTIVE DATE ADDENDUM

35. The following testing elections and special effective dates apply: (Choose
one or more of (a) through (n) as applicable)

[ ]  (a) HIGHLY COMPENSATED EMPLOYEE (1.14). For Plan Years beginning after
     _____, the Employer makes the following election(s) regarding the
     definition of Highly Compensated Employee:

          (1)  [ ] TOP PAID GROUP ELECTION.

          (2)  [ ] CALENDAR YEAR DATA ELECTION (FISCAL YEAR PLAN).

[ ]  (b) 401(K) CURRENT YEAR TESTING. The Employer will apply the current year
     testing method in applying the ADP and ACP tests effective for Plan Years
     beginning after: _____. [Note: For Plan Years beginning on or after the
     Employer's execution of its "GUST" restatement, the Employer must use the
     same testing method within the same Plan Year for both the ADP and ACP
     tests.]

[ ]  (c) COMPENSATION. The Compensation definition under Section 1.07 will apply
     for Plan Years beginning after: _____.

[ ]  (d) ELECTION NOT TO PARTICIPATE. The election not to participate under
     Section 2.06 is effective: _____.

[ ]  (e) 401(K) SAFE HARBOR. The 401(k) safe harbor provisions under Section
     3.01(d)are effective: _____.

[ ]  (f) NEGATIVE ELECTION. The negative election provision under Section
     3.02(b) is effective: _____.

[ ]  (g) CONTRIBUTION/ALLOCATION FORMULA. The specified contribution(s) and
     allocation method(s) under Sections 3.01 and 3.04 are effective: _____.

[ ]  (h) ALLOCATION CONDITIONS. The allocation conditions of Section 3.06 are
     effective: _____.

[ ]  (i) BENEFIT PAYMENT ELECTIONS. The distribution elections of Section(s)
     _____ are effective: _____.

[ ]  (j) ELECTION TO CONTINUE PRE-SBJPA REQUIRED BEGINNING DATE. A Participant
     may not elect to defer commencement of the distribution of his/her Vested
     Account Balance beyond the April 1 following the calendar year in which the
     Participant attains age 70 1/2. See Plan Section 6.02(A).

[ ]  (k) ELIMINATION OF AGE 701/2 IN-SERVICE DISTRIBUTIONS. The Plan
     eliminates a Participant's (other than a more than 5% owner) right to
     receive in-service distributions on April 1 of the calendar year following
     the year in which the Participant attains age 70 1/2 for Plan Years
     beginning after: _____.

[ ]  (I) ALLOCATION OF EARNINGS. The earnings allocation provisions under
     Section 9.08 are effective: _____.

[ ]  (m) ELIMINATION OF OPTIONAL FORMS OF BENEFIT. The Employer elects
     prospectively to eliminate the following optional forms of benefit: (Choose
     one or more of(1), (2) and (3) as applicable)

     [ ]  (1) QJSA and QPSA benefits as described in Plan Sections 6.04, 6.05
          and 6.06 effective: _____.

     [ ]  (2) Installment distributions as described in Section 6.03 effective:
          _____.

     [ ]  (3) Other optional forms of benefit (Any election to eliminate must be
          consistent with Treas. Reg. Section 1.411(d)-4): _____

[ ]  (n) SPECIAL EFFECTIVE DATE(S): _____.

     For periods prior to the above-specified special effective date(s), the
Plan terms in effect prior to its restatement under this Adoption Agreement will
control for purposes of the designated provisions. A special effective date may
not result in the delay of a Plan provision beyond the permissible effective
date under any applicable law.

(C) Copyright 2001 BKD Investment Advisors, LLC

                                       19

<PAGE>

                                   APPENDIX B
                    GUST REMEDIAL AMENDMENT PERIOD ELECTIONS

36.  The following GUST restatement elections apply: (Choose one or more of (a)
     through (j) as applicable)

[ ]  (a) HIGHLY COMPENSATED EMPLOYEE ELECTIONS. The Employer makes the following
     remedial amendment period elections with respect to the Highly Compensated
     Employee definition:

<TABLE>
<S>  <C>    <C>    <C>                           <C>    <C>
(1)  1997:  [___]  Top paid group election.      [___]  Calendar year election.
            [___]  Calendar year data election.
(2)  1998:  [___]  Top paid group election.      [___]  Calendar year data election.
(3)  1999:  [___]  Top paid group election.      [___]  Calendar year data election.
(4)  2000:  [___]  Top paid group election.      [___]  Calendar year data election.
(5)  2001:  [___]  Top paid group election.      [___]  Calendar year data election.
(6)  2002:  [___]  Top paid group election.      [___]  Calendar year data election.
</TABLE>

[ ]  (b) 401(K) TESTING METHODS. The Employer makes the following remedial
     amendment period elections with respect to the ADP test and the ACP test:
     [Note: The Employer may use a different testing method for the ADP and ACP
     tests through the end of the Plan Year in which the Employer executes its
     GUST restated Plan.]

<TABLE>
<CAPTION>
                     ADP TEST                                          ACP TEST
--------------------------------------------------  ---------------------------------------------
<S>  <C>    <C>    <C>         <C>    <C>           <C>    <C>    <C>         <C>    <C>
(1)  1997:  [___]  prior year  [___]  current year  1997:  [___]  prior year  [___]  current year
(2)  1998:  [___]  prior year  [___]  current year  1998:  [___]  prior year  [___]  current year
(3)  1999:  [___]  prior year  [___]  current year  1999:  [___]  prior year  [___]  current year
(4)  2000:  [___]  prior year  [___]  current year  2000:  [___]  prior year  [___]  current year
(5)  2001:  [___]  prior year  [___]  current year  2001:  [___]  prior year  [___]  current year
(6)  2002:  [___]  prior year  [___]  current year  2002:  [___]  prior year  [___]  current year
</TABLE>

[ ]  (c) DELAYED APPLICATION OF SBJPA REQUIRED BEGINNING DATE. The Employer
     elects to delay the effective date for the required beginning date
     provision of Plan Section 6.02 until Plan Years beginning
     after: _________.

[ ]  (d) MODEL AMENDMENT FOR REQUIRED MINIMUM DISTRIBUTIONS. The Employer adopts
     the IRS Model Amendment in Plan Section 6.02(E) effective _________. [Note:
     The date must not be earlier than January 1, 2001.]

DEFINED BENEFIT LIMITATION

[ ]  (e) CODE SECTION 415(E)REPEAL. The repeal of the Code Section 415(e)
     limitation is effective for Limitation Years beginning after ___________.
     [Note: If the Employer does not make an election under (e), the repeal is
     effective for Limitation Years beginning after December 31, 1999.]

CODE SECTION 415(E) LIMITATION. To the extent necessary to satisfy the
limitation under Plan Section 3.17 for Limitation Years beginning prior to the
repeal of Code Section 415(e), the Employer will reduce: (Choose one of (f) or
(g))

[ ]  (f) The Participant's projected annual benefit under the defined benefit
     plan.

[ ]  (g) The Employer's contribution or allocation on behalf of the Participant
     to the defined contribution plan and then, if necessary, the Participant's
     projected annual benefit under the defined benefit plan.

COORDINATION WITH TOP-HEAVY MINIMUM ALLOCATION. The Plan Administrator will
apply the top-heavy minimum allocation provisions of Article XII with the
following modifications: (Choose (h) or choose (i) or (j) or both as applicable)

[ ]  (h) No modifications.

[ ]  (i) For Non-Key Employees participating only in this Plan, the top-heavy
      minimum allocation is the minimum allocation determined by substituting
      _____% (not less than 4%) for "3%," except: (Choose one of (1) or (2))

     [ ]  (1) No exceptions.

     [ ]  (2) Plan Years in which the top-heavy ratio exceeds 90%.

[ ]  (j) For Non-Key Employees also participating in the defined benefit plan,
     the top-heavy minimum is: (Choose one of (1)or (2))

     [ ]  (1) 5% of Compensation irrespective of the contribution rate of any
          Key Employee: (Choose one of a. or b.)

          [ ]  a. No exceptions.

          [ ]  b. Substituting "7 1/2%" for "5%" if the top-heavy ratio does not
               exceed 90%.

     [ ]  (2) 0%. [Note: The defined benefit plan must satisfy the top-heavy
          minimum benefit requirement for these Non-Key Employees.]

ACTUARIAL ASSUMPTIONS FOR TOP-HEAVY CALCULATION. To determine the top-heavy
ratio, the Plan Administrator will use the following interest rate and mortality
assumptions to value accrued benefits under a defined benefit
plan: ____________.

                                 (C) Copyright 2001 BKD Investment Advisors, LLC

                                       20

<PAGE>

                        CHECKLIST OF EMPLOYER INFORMATION
                      AND EMPLOYER ADMINISTRATIVE ELECTIONS

COMMENCING WITH THE 2005 PLAN YEAR

     The Prototype Plan permits the Employer to make certain administrative
elections not reflected in the Adoption Agreement. This form lists those
administrative elections and provides a means of recording the Employer's
elections. This checklist is not part of the Plan document.

37.  EMPLOYER INFORMATION.

     Home BancShares. Inc.
     [Employer Name]

     719 Harkrider Street, Suite 300
     [Address]

     Conway, Arkansas 72032                                      (501)664-6622
     [City, State and Zip Code]                               [Telephone Number]

38.  FORM OF BUSINESS.

     (a)  [X] Corporation

     (b)  [ ] S Corporation

     (c)  [ ] Limited Liability Company

     (d)  [ ] Sole Proprietorship

     (e)  [ ] Partnership

     (f)  [ ] ________

39.  SECTION 1.07(F) - NONDISCRIMINATORY DEFINITION OF COMPENSATION. When
     testing nondiscrimination under the Plan, the Plan permits the Employer to
     make elections regarding the definition of Compensation. [Note: This
     election solely is for purposes of nondiscrimination testing. The election
     does not affect the Employer's elections under Section 1.07 which apply for
     purposes of allocating Employer contributions and Participant forfeitures.]

     (a)  [X] The Plan will "gross up" Compensation for Elective Contributions.

     (b)  [ ] The Plan will exclude Elective Contributions.

40.  SECTION 4.04 - ROLLOVER CONTRIBUTIONS.

     (a)  [X] The Plan accepts rollover contributions.

     (b)  [ ] The Plan does not accept rollover contributions.

41.  SECTION 8.06 - PARTICIPANT DIRECTION OF INVESTMENT/404(C). The Plan
     authorizes Participant direction of investment with Trustee consent. If the
     Trustee permits Participant direction of investment, the Employer and the
     Trustee should adopt a policy which establishes the applicable conditions
     and limitations, including whether they intend the Plan to comply with
     ERISA Section 404(c).

     (a)  [ ] The Plan permits Participant direction of investment and is a
          404(c) plan.

     (b)  [X] The Plan does not permit Participant direction of investment or is
          a non-404(c) plan.

42.  SECTION 9.04[A] - PARTICIPANT LOANS. The Plan authorizes the Plan
     Administrator to adopt a written loan policy to permit Participant loans.

     (a)  [ ] The Plan permits Participant loans subject to the following
          conditions:

          (1)  [ ] Minimum loan amount: $ _______.

          (2)  [ ] Maximum number of outstanding loans: _______.

          (3)  [ ] Reasons for which a Participant may request a loan:

               a.   [ ] Any purpose.

               b.   [ ] Hardship events.

               c.   [ ] Other: __________.

          (4)  [ ] Suspension of loan repayments:

               a.   [ ] Not permitted.

               b.   [ ] Permitted for non-military leave of absence.

               c.   [ ] Permitted for military service leave of absence.

          (5)  [ ] The Participant must be a party in interest.

     (b)  [X] The Plan does not permit Participant loans.

43.  SECTION 11.01 - LIFE INSURANCE. The Plan with Employer approval authorizes
     the Trustee to acquire life insurance.

     (a)  [ ] The Plan will invest in life insurance contracts.

     (b)  [X] The Plan will not Invest in life insurance contracts.

44.  SURETY BOND COMPANY: ________ Surety bond amount: $_______

(C) Copyright 2001 BKD Investment Advisors, LLC

                                       21

<PAGE>

                                     EGTRRA
                                AMENDMENT TO THE

                       HOME BANCSHARES, INC. 401(K) PLAN

<PAGE>

                                                                EGTRRA - Sponsor

                                    ARTICLE I
                                    PREAMBLE

1.1  Adoption and effective date of amendment. This amendment of the plan is
     adopted to reflect certain provisions of the Economic Growth and Tax Relief
     Reconciliation Act of 2001 ("EGTRRA"). This amendment is intended as good
     faith compliance with the requirements of EGTRRA and is to be construed in
     accordance with EGTRRA and guidance issued thereunder. Except as otherwise
     provided, this amendment shall be effective as of the first day of the
     first plan year beginning after December 31, 2001.

1.2  Adoption by prototype sponsor. Except as otherwise provided herein,
     pursuant to Section 5.01 of Revenue Procedure 2000-20 (or pursuant to the
     corresponding provision in Revenue Procedure 89-9 or Revenue Procedure
     89-13), the sponsor hereby adopts this amendment on behalf of all adopting
     employers.

1.3  Supersession of inconsistent provisions. This amendment shall supersede the
     provisions of the plan to the extent those provisions are inconsistent with
     the provisions of this amendment.

                                   ARTICLE II
                          ADOPTION AGREEMENT ELECTIONS

     The questions in this Article II only need to be completed in order to
     override the default provisions set forth below. If all of the default
     provisions will apply, then these questions should be skipped.

     Unless the employer elects otherwise in this Article II, the following
     defaults apply:

     1)   The vesting schedule for matching contributions will be a 6 year
          graded schedule (if the plan currently has a graded schedule that does
          not satisfy EGTRRA) or a 3 year cliff schedule (if the plan currently
          has a cliff schedule that does not satisfy EGTRRA), and such schedule
          will apply to all matching contributions (even those made prior to
          2002).

     2)   Rollovers are automatically excluded in determining whether the $5,000
          threshold has been exceeded for automatic cash-outs (if the plan is
          not subject to the qualified joint and survivor annuity rules and
          provides for automatic cash-outs). This is applied to all participants
          regardless of when the distributable event occurred.

     3)   The suspension period after a hardship distribution is made will be 6
          months and this will only apply to hardship distributions made after
          2001.

     4)   Catch-up contributions will be allowed.

     5)   For target benefit plans, the increased compensation limit of $200,000
          will be applied retroactively (I.e., to years prior to 2002).

2.1  Vesting Schedule for Matching Contributions

     If there are matching contributions subject to a vesting schedule that does
     not satisfy EGTRRA, then unless otherwise elected below, for participants
     who complete an hour of service in a plan year beginning after December
     31, 2001, the following vesting schedule will apply to all matching
     contributions subject to a vesting schedule:

     If the plan has a graded vesting schedule (i.e., the vesting schedule
     includes a vested percentage that is more than 0% and less than 100%) the
     following will apply:

<TABLE>
<CAPTION>
Years of vesting service   Nonforfeitable percentage
------------------------   -------------------------
<S>                        <C>
            2                         20%
            3                         40%
            4                         60%
            5                         80%
            6                        100%
</TABLE>

     If the plan does not have a graded vesting schedule, then matching
     contributions will be nonforfeitable upon the completion of 3 years of
     vesting service.

     In lieu of the above vesting schedule, the employer elects the following
     schedule:

     a.   [ ]  3 year cliff (a participant's accrued benefit derived from
               employer matching contributions shall be nonforfeitable upon the
               participant's completion of three years of vesting service).

     b.   [ ]  6 year graded schedule (20% after 2 years of vesting service and
               an additional 20% for each year thereafter).

     c.   [ ]  Other (must be at least as liberal as a. or the b. above):

(C) Copyright 2001 BKD Investment Advisors, LLC

                                       1

<PAGE>

EGTRRA - Sponsor

<TABLE>
<CAPTION>
Years of vesting service   Nonforfeitable percentage
------------------------   -------------------------
<S>                        <C>
       ___________                __________%
       ___________                __________%
       ___________                __________%
       ___________                __________%
       ___________                __________%
</TABLE>

     The vesting schedule set forth herein shall only apply to participants who
     complete an hour of service in a plan year beginning after December
     31, 2001, and, unless the option below is elected, shall apply to all
     matching contributions subject to a vesting schedule.

     d.   [ ]  The vesting schedule will only apply to matching contributions
               made in plan years beginning after December 31, 2001 (the prior
               schedule will apply to matching contributions made in prior plan
               years).

2.2  EXCLUSION OF ROLLOVERS IN APPLICATION OF INVOLUNTARY CASH-OUT PROVISIONS
     (FOR PROFIT SHARING AND 401(K) PLANS ONLY). If the plan is not subject to
     the qualified joint and survivor annuity rules and includes involuntary
     cash-out provisions, then unless one of the options below is elected,
     effective for distributions made after December 31, 2001, rollover
     contributions will be excluded in determining the value of the
     participant's nonforfeitable account balance for purposes of the plan's
     involuntary cash-out rules.

     a.   [ ]  Rollover contributions will not be excluded.

     b.   [ ]  Rollover contributions will be excluded only with respect to
               distributions made after ________. (Enter a date no earlier than
               December 31,2001.)

     c.   [ ]  Rollover contributions will only be excluded with respect to
               participants who separated from service after___. (Enter a date.
               The date may be earlier than December 31, 2001.)

2.3  SUSPENSION PERIOD OF HARDSHIP DISTRIBUTIONS. If the plan provides for
     hardship distributions upon satisfaction of the safe harbor (deemed)
     standards as set forth in Treas. Reg. Section 1.401(k)-1 (d)(2)(iv), then,
     unless the option below is elected, the suspension period following a
     hardship distribution shall only apply to hardship distributions made after
     December 31, 2001.

     [ ]  With regard to hardship distributions made during 2001, a participant
          shall be prohibited from making elective deferrals and employee
          contributions under this and all other plans until the later of
          January 1, 2002, or 6 months after receipt of the distribution.

2.4  CATCH-UP CONTRIBUTIONS (FOR 401(K) PROFIT SHARING PLANS ONLY): The plan
     permits catch-up contributions (Article VI) unless the option below is
     elected.

     [ ]  The plan does not permit catch-up contributions to be made.

2.5  FOR TARGET BENEFIT PLANS ONLY: The increased compensation limit ($200,000
     limit) shall apply to years prior to 2002 unless the option below is
     elected.

     [ ]  The increased compensation limit will not apply to years prior to
          2002.

                                   ARTICLE III
                        VESTING OF MATCHING CONTRIBUTIONS

3.1  Applicability. This Article shall apply to participants who complete an
     Hour of Service after December 31, 2001, with respect to accrued benefits
     derived from employer matching contributions made in plan years beginning
     after December 31, 2001. Unless otherwise elected by the employer in
     Section 2.1 above, this Article shall also apply to all such participants
     with respect to accrued benefits derived from employer matching
     contributions made in plan years beginning prior to January 1, 2002.

3.2  Vesting schedule. A participant's accrued benefit derived from employer
     matching contributions shall vest as provided in Section 2.1 of this
     amendment.

                                   ARTICLE IV
                             INVOLUNTARY CASH-OUTS

4.1  Applicability and effective date. If the plan provides for involuntary
     cash-outs of amounts less than $5,000, then unless otherwise elected in
     Section 2.2 of this amendment, this Article shall apply for distributions
     made after December 31, 2001, and shall apply to all participants. However,
     regardless of the preceding, this Article shall not apply if the plan is
     subject to the qualified joint and survivor annuity requirements of
     Sections 401(a)(11) and 417 of the Code.

4.2  Rollovers disregarded in determining value of account balance for
     involuntary distributions. For purposes of the Sections of the plan that
     provide for the involuntary distribution of vested accrued benefits of
     $5,000 or less, the value of a participant's nonforfeitable account balance
     shall be determined without regard to that portion of the account balance
     that is attributable to rollover contributions (and earnings allocable
     thereto) within the meaning of Sections 402(c), 403(a)(4), 403(b)(8),
     408(d)(3)(A)(ii), and 457(e)(16) of the Code. If the value of the
     participant's nonforfeitable account balance as so determined is $5,000 or
     less, then the plan shall immediately distribute the participant's entire
     nonforfeitable account balance.

                                 (C) Copyright 2001 BKD Investment Advisors, LLC

                                       2

<PAGE>

                                                                EGTRRA - Sponsor

                                    ARTICLE V

                             HARDSHIP DISTRIBUTIONS

5.1  Applicability and effective date. If the plan provides for hardship
     distributions upon satisfaction of the safe harbor (deemed) standards as
     set forth in Treas. Reg. Section 1.401(k)-1(d)(2)(iv), then this Article
     shall apply for calendar years beginning after 2001.

5.2  Suspension period following hardship distribution. A participant who
     receives a distribution of elective deferrals after December 31, 2001, on
     account of hardship shall be prohibited from making elective deferrals and
     employee contributions under this and all other plans of the employer for 6
     months after receipt of the distribution. Furthermore, if elected by the
     employer in Section 2.3 of this amendment, a participant who receives a
     distribution of elective deferrals In calendar year 2001 on account of
     hardship shall be prohibited from making elective deferrals and employee
     contributions under this and all other plans until the later of January
     1,2002, or 6 months after receipt of the distribution.

                                   ARTICLE VI

                             CATCH-UP CONTRIBUTIONS

Catch-up Contributions. Unless otherwise elected in Section 2.4 of this
amendment, all employees who are eligible to make elective deferrals under this
plan and who have attained age 50 before the close of the plan year shall be
eligible to make catch-up contributions in accordance with, and subject to the
limitations of, Section 414(v) of the Code. Such catch-up contributions shall
not be taken into account for purposes of the provisions of the plan
implementing the required limitations of Sections 402(g) and 415 of the Code.
The plan shall not be treated as failing to satisfy the provisions of the plan
implementing the requirements of Section 401(k)(3), 401(k)(11), 401(k)(12),
410(b), or 416 of the Code, as applicable, by reason of the making of such
catch-up contributions.

                                   ARTICLE VII
                         INCREASE IN COMPENSATION LIMIT

Increase in Compensation Limit. The annual compensation of each participant
taken into account in determining allocations for any plan year beginning after
December 31, 2001, shall not exceed $200,000, as adjusted for cost-of-living
increases in accordance with Section 401(a)(17)(B) of the Code. Annual
compensation means compensation during the plan year or such other consecutive
12-month period over which compensation is otherwise determined under the plan
(the determination period). If this is a target benefit plan, then except as
otherwise elected in Section 2.5 of this amendment, for purposes of determining
benefit accruals in a plan year beginning after December 31, 2001, compensation
for any prior determination period shall be limited to $200,000. The
cost-of-living adjustment in effect for a calendar year applies to annual
compensation for the determination period that begins with or within such
calendar year.

                                  ARTICLE VIII
                                   PLAN LOANS

Plan loans for owner-employees or shareholder-employees. If the plan permits
loans to be made to participants, then effective for plan loans made after
December 31, 2001, plan provisions prohibiting loans to any owner-employee or
shareholder-employee shall cease to apply.

                                   ARTICLE IX
              LIMITATIONS ON CONTRIBUTIONS (IRC SECTION 415 LIMITS)

9.1  Effective date. This Section shall be effective for limitation years
     beginning after December 31, 2001.

9.2  Maximum annual addition. Except to the extent permitted under Article VI of
     this amendment and Section 414(v) of the Code, if applicable, the annual
     addition that may be contributed or allocated to a participant's account
     under the plan for any limitation year shall not exceed the lesser of:

     a.   $40,000, as adjusted for increases in the cost-of-living under Section
          415(d) of the Code, or

     b.   100 percent of the participant's compensation, within the meaning of
          Section 415(c)(3) of the Code, for the limitation year.

     The compensation limit referred to in b. shall not apply to any
     contribution for medical benefits after separation from service (within the
     meaning of Section 401(h) or Section 419A(f)(2) of the Code) which is
     otherwise treated as an annual addition.

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                                    ARTICLE X

                         MODIFICATION OF TOP-HEAVY RULES

10.1 Effective date. This Article shall apply for purposes of determining
     whether the plan is a top-heavy plan under Section 416(g) of the Code for
     plan years beginning after December 31, 2001, and whether the plan
     satisfies the minimum benefits requirements of Section 416(c) of the Code
     for such years. This Article amends the top-heavy provisions of the plan.

10.2 Determination of top-heavy status.

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

10.2.2 Determination of present values and amounts. This Section 10.2.2 shall
     apply for purposes of determining the present values of accrued benefits
     and the amounts of account balances of employees as of the determination
     date.

     a.   Distributions during year ending on the determination date. The
          present values of accrued benefits and the amounts of account balances
          of an employee as of the determination date shall be increased by the
          distributions made with respect to the employee under the plan and any
          plan aggregated with the plan under Section 416(g)(2) of the Code
          during the 1-year period ending on the determination date. The
          preceding sentence shall also apply to distributions under a
          terminated plan which, had it not been terminated, would have been
          aggregated with the plan under Section 416(g)(2)(A)(i) of the Code. In
          the case of a distribution made for a reason other than separation
          from service, death, or disability, this provision shall be applied by
          substituting "5-year period(11) for "1-year period."

     b.   Employees not performing services during year ending on the
          determination date. The accrued benefits and accounts of any
          individual who has not performed services for the employer during the
          1-year period ending on the determination date shall not be taken into
          account.

10.3 Minimum benefits.

10.3.1 Matching contributions. Employer matching contributions shall be taken
     into account for purposes of satisfying the minimum contribution
     requirements of Section 416(c)(2) of the Code and the plan. The preceding
     sentence shall apply with respect to matching contributions under the plan
     or, if the plan provides that the minimum contribution requirement shall be
     met in another plan, such other plan. Employer matching contributions that
     are used to satisfy the minimum contribution requirements shall be treated
     as matching contributions for purposes of the actual contribution
     percentage test and other requirements of Section 401(m) of the Code.

10.3.2 Contributions under other plans. The employer may provide, in an addendum
     to this amendment, that the minimum benefit requirement shall be met in
     another plan (including another plan that consists solely of a cash or
     deferred arrangement which meets the requirements of Section 401(k)(12) of
     the Code and matching contributions with respect to which the requirements
     of Section 401(m)(11) of the Code are met). The addendum should include
     the name of the other plan, the minimum benefit that will be provided under
     such other plan, and the employees who will receive the minimum benefit
     under such other plan.

                                   ARTICLE XI

                                DIRECT ROLLOVERS

11.1 Effective date. This Article shall apply to distributions made after
     December 31,2001.

11.2 Modification of definition of eligible retirement plan. For purposes of the
     direct rollover provisions of the plan, an eligible retirement plan shall
     also mean an annuity contract described in Section 403(b) of the Code and
     an eligible plan under Section 457(b) of the Code which is maintained by a
     state, political subdivision of a state, or any agency or instrumentality
     of a state or political subdivision of a state and which agrees to
     separately account for amounts transferred into such plan from this plan.
     The definition of eligible retirement plan shall also apply in the case of
     a distribution to a surviving spouse, or to a spouse or former spouse who
     is the alternate payee under a qualified domestic relation order, as
     defined in Section 414(p) of the Code.

11.3 Modification of definition of eligible rollover distribution to exclude
     hardship distributions. For purposes of the direct rollover provisions of
     the plan, any amount that is distributed on account of hardship shall not
     be an eligible rollover distribution and the distributee may not elect to
     have any portion of such a distribution paid directly to an eligible
     retirement plan.

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11.4 Modification of definition of eligible rollover distribution to include
     after-tax employee contributions. For purposes of the direct rollover
     provisions in the plan, a portion of a distribution shall not fail to be an
     eligible rollover distribution merely because the portion consists of
     after-tax employee contributions which are not includible in gross income.
     However, such portion may be transferred only to an individual retirement
     account or annuity described in Section 408(a) or (b) of the Code, or to a
     qualified defined contribution plan described in Section 401(a) or 403(a)
     of the Code that agrees to separately account for amounts so transferred,
     including separately accounting for the portion of such distribution which
     is includible in gross income and the portion of such distribution which is
     not so includible.

                                   ARTICLE XII
                           ROLLOVERS FROM OTHER PLANS

Rollovers from other plans. The employer, operationally and on a
nondiscriminatory basis, may limit the source of rollover contributions that may
be accepted by this plan.

                                  ARTICLE XIII
                           REPEAL OF MULTIPLE USE TEST

Repeal of Multiple Use Test. The multiple use test described in Treasury
Regulation Section 1.401(m)-2 and the plan shall not apply for plan years
beginning after December 31, 2001.

                                   ARTICLE XIV
                               ELECTIVE DEFERRALS

14.1 Elective Deferrals - Contribution Limitation. No participant shall be
     permitted to have elective deferrals made under this plan, or any other
     qualified plan maintained by the employer during any taxable year, in
     excess of the dollar limitation contained in Section 402(g) of the Code in
     effect for such taxable year, except to the extent permitted under Article
     VI of this amendment and Section 414(v) of the Code, if applicable.

14.2 Maximum Salary Reduction Contributions for SIMPLE plans. If this is a
     SIMPLE 401(k) plan, then except to the extent permitted under Article VI
     of this amendment and Section 414(v) of the Code, if applicable, the
     maximum salary reduction contribution that can be made to this plan is the
     amount determined under Section 408(p)(2)(A)(ii) of the Code for the
     calendar year.

                                   ARTICLE XV
                           SAFE HARBOR PLAN PROVISIONS

Modification of Top-Heavy Rules. The top-heavy requirements of Section 416 of
the Code and the plan shall not apply in any year beginning after December 31,
2001, in which the plan consists solely of a cash or deferred arrangement which
meets the requirements of Section 401(k)(12) of the Code and matching
contributions with respect to which the requirements of Section 401(m)(11) of
the Code are met.

                                   ARTICLE XVI
                    DISTRIBUTION UPON SEVERANCE OF EMPLOYMENT

16.1 Effective date. This Article shall apply for distributions and transactions
     made after December 31, 2001, regardless of when the severance of
     employment occurred.

16.2 New distributable event. A participant's elective deferrals, qualified
     nonelective contributions, qualified matching contributions, and earnings
     attributable to these contributions shall be distributed on account of the
     participant's severance from employment. However, such a distribution shall
     be subject to the other provisions of the plan regarding distributions,
     other than provisions that require a separation from service before such
     amounts may be distributed.

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Except with respect to any election made by the employer in Article II, this
amendment is hereby adopted by the prototype sponsor on behalf of all adopting
employers on:

[SPONSOR'S SIGNATURE AND ADOPTION DATE ARE ON FILE WITH SPONSOR]

NOTE: THE EMPLOYER ONLY NEEDS TO EXECUTE THIS AMENDMENT IF AN ELECTION HAS BEEN
MADE IN ARTICLE II OF THIS AMENDMENT.

This amendment has been executed this _____ day of ______________________,
______.

Name of Employer: Home BancShares, Inc.

By: /s/ Illegible
    ---------------------------------
    EMPLOYER

Name of Plan: Home Bancshares, Inc. 401(k) Plan

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                                   POST-EGTRRA
                                AMENDMENT TO THE

                       HOME BANCSHARES, INC. 401(K) PLAN

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                                                           POST-EGTRRA - SPONSOR

                                    ARTICLE I
                                    PREAMBLE

1.1  Adoption and effective date of amendment. This amendment of the plan is
     adopted to reflect certain provisions of the Economic Growth and Tax Relief
     Reconciliation Act of 2001 ("EGTRRA"), the Job Creation and Worker
     Assistance Act of 2002, IRS Regulations issued pursuant to IRC Section
     401(a)(9), and other IRS guidance. This amendment is intended as good faith
     compliance with the requirements of EGTRRA and is to be construed in
     accordance with EGTRRA and guidance issued thereunder. Except as otherwise
     provided, this amendment shall be effective as of the first day of the
     first plan year beginning after December 31, 2001.

1.2  Supersession of inconsistent provisions. This amendment shall supersede the
     provisions of the plan to the extent those provisions are inconsistent with
     the provisions of this amendment.

1.3  Adoption by prototype sponsor. Except as otherwise provided herein,
     pursuant to Section 5.01 of Revenue Procedure 2000-20, the sponsor hereby
     adopts this amendment on behalf of all adopting employers.

                                   ARTICLE II
                          ADOPTION AGREEMENT ELECTIONS

     THE QUESTIONS IN THIS ARTICLE II ONLY NEED TO BE COMPLETED IN ORDER TO
     OVERRIDE THE DEFAULT PROVISIONS SET FORTH BELOW. IF ALL OF THE DEFAULT
     PROVISIONS WILL APPLY, THEN THESE QUESTIONS SHOULD BE SKIPPED.

     UNLESS THE EMPLOYER ELECTS OTHERWISE IN THIS ARTICLE II, THE FOLLOWING
     DEFAULTS APPLY:

     1.   IF CATCH-UP CONTRIBUTIONS ARE PERMITTED, THEN THE CATCH-UP
          CONTRIBUTIONS ARE TREATED LIKE ANY OTHER ELECTIVE DEFERRALS FOR
          PURPOSES OF DETERMINING MATCHING CONTRIBUTIONS UNDER THE PLAN.

     2.   FOR PLANS SUBJECT TO THE QUALIFIED JOINT AND SURVIVOR ANNUITY RULES,
          ROLLOVERS ARE AUTOMATICALLY EXCLUDED IN DETERMINING WHETHER THE $5,000
          THRESHOLD HAS BEEN EXCEEDED FOR AUTOMATIC CASH-OUTS (IF THE PLAN
          PROVIDES FOR AUTOMATIC CASH-OUTS). THIS IS APPLIED TO ALL PARTICIPANTS
          REGARDLESS OF WHEN THE DISTRIBUTABLE EVENT OCCURRED.

     3.   THE MINIMUM DISTRIBUTION REQUIREMENTS ARE EFFECTIVE FOR DISTRIBUTION
          CALENDAR YEARS BEGINNING WITH THE 2002 CALENDAR YEAR. IN ADDITION,
          PARTICIPANTS OR BENEFICIARIES MAY ELECT ON AN INDIVIDUAL BASIS WHETHER
          THE 5-YEAR RULE OR THE LIFE EXPECTANCY RULE IN THE PLAN APPLIES TO
          DISTRIBUTIONS AFTER THE DEATH OF A PARTICIPANT WHO HAS A DESIGNATED
          BENEFICIARY.

     4.   AMOUNTS THAT ARE "DEEMED 125 COMPENSATION" ARE NOT INCLUDED IN THE
          DEFINITION OF COMPENSATION.

2.1  EXCLUSION OF ROLLOVERS IN APPLICATION OF INVOLUNTARY CASH-OUT PROVISIONS.
     If the plan is subject to the joint and survivor annuity rules and includes
     involuntary cash-out provisions, then unless one of the options below is
     elected, effective for distributions made after December 31,2001, rollover
     contributions will be excluded in determining the value of a participant's
     nonforfeitable account balance for purposes of the plan's involuntary cash-
     out rules.

     a.   [ ]  Rollover contributions will not be excluded.

     b.   [ ]  Rollover contributions will be excluded only with respect to
               distributions made after _________. (Enter a date no earlier than
               December 31, 2001).

     c.   [ ]  Rollover contributions will only be excluded with respect to
               participants who separated from service after _____. (Enter a
               date. The date may be earlier than December 31,2001.)

2.2  CATCH-UP CONTRIBUTIONS (FOR 401(K) PROFIT SHARING PLANS ONLY): The plan
     permits catch-up contributions effective for calendar years beginning after
     December 31, 2001, (Article V) unless otherwise elected below.

     a.   [ ]  The plan does not permit catch-up contributions to be made.

     b.   [ ]  Catch-up contributions are permitted effective as of: ________
               (enter a date no earlier than January 1, 2002).

     AND, catch-up contributions will be taken into account in applying any
     matching contribution under the Plan unless otherwise elected below.

     c.   [ ]  Catch-up contributions will not be taken into account in applying
               any matching contribution under the Plan.

2.3  AMENDMENT FOR SECTION 401(A)(9) FINAL AND TEMPORARY TREASURY REGULATIONS.

     a.   EFFECTIVE DATE. Unless a later effective date is specified in below,
          the provisions of Article VI of this amendment will apply for purposes
          of determining required minimum distributions for calendar years
          beginning with the 2002 calendar year.

          [ ]  This amendment applies for purposes of determining required
               minimum distributions for distribution calendar years beginning
               with the 2003 calendar year, as well as required minimum

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               distributions for the 2002 distribution calendar year that are
               made on or after _____ (leave blank if this amendment does not
               apply to any minimum distributions for the 2002 distribution
               calendar year).

     b.   ELECTION TO NOT PERMIT PARTICIPANTS OR BENEFICIARIES TO ELECT 5-YEAR
          RULE.

          Unless elected below, Participants or beneficiaries may elect on an
          individual basis whether the 5-year rule or the life expectancy rule
          in Sections 6.2.2 and 6.4.2 of this amendment applies to distributions
          after the death of a Participant who has a designated beneficiary. The
          election must be made no later than the earlier of September 30 of the
          calendar year in which distribution would be required to begin under
          Section 6.2.2 of this amendment, or by September 30 of the calendar
          year which contains the fifth anniversary of the Participant's (or, If
          applicable, surviving spouse's) death. If neither the Participant nor
          beneficiary makes an election under this paragraph, distributions will
          be made in accordance with Sections 6.2.2 and 6.4.2 of this amendment
          and, if applicable, the elections in Section 2.3.c of this amendment
          below.

          [ ]  The provision set forth above in this Section 2.3.b shall not
               apply. Rather, Sections 6.2.2 and 6.4.2 of this amendment shall
               apply except as elected in Section 2.3.c of this amendment below.

     c.   ELECTION TO APPLY 5-YEAR RULE TO DISTRIBUTIONS TO DESIGNATED
          BENEFICIARIES.

          [ ]  If the Participant dies before distributions begin and there is a
               designated beneficiary, distribution to the designated
               beneficiary is not required to begin by the date specified in the
               Plan, but the Participant's entire interest will be distributed
               to the designated beneficiary by December 31 of the calendar year
               containing the fifth anniversary of the Participant's death. If
               the Participant's surviving spouse is the Participant's sole
               designated beneficiary and the surviving spouse dies after the
               Participant but before distributions to either the Participant or
               the surviving spouse begin, this election will apply as if the
               surviving spouse were the Participant.

               If the above is elected, then this election will apply to:

               1.   [ ]  All distributions.

               2.   [ ]  The following distributions: _____.

     d.   ELECTION TO ALLOW DESIGNATED BENEFICIARY RECEIVING DISTRIBUTIONS UNDER
          5-YEAR RULE TO ELECT LIFE EXPECTANCY DISTRIBUTIONS.

          [ ]  A designated beneficiary who is receiving payments under the
               5-year rule may make a new election to receive payments under the
               life expectancy rule until December 31, 2003, provided that all
               amounts that would have been required to be distributed under the
               life expectancy rule for all distribution calendar years before
               2004 are distributed by the earlier of December 31, 2003, or the
               end of the 5-year period.

2.4  DEEMED 125 COMPENSATION. ARTICLE VII OF THIS AMENDMENT SHALL NOT APPLY
     UNLESS OTHERWISE ELECTED BELOW.

          [ ]  Article VII of this amendment (Deemed 125 Compensation) shall
               apply effective as of Plan Years and Limitation Years beginning
               on or after _____ (insert the later of January 1, 1998, or the
               first day of the first plan year the Plan used this definition).

                                   ARTICLE III
                             INVOLUNTARY CASH-OUTS

3.1  Applicability and effective date. If the plan is subject to the qualified
     joint and survivor annuity rules and provides for involuntary cash-outs of
     amounts less than $5,000, then unless otherwise elected in Section 2.1 of
     this amendment, this Article shall apply for distributions made after
     December 31, 2001, and shall apply to all participants.

3.2  Rollovers disregarded in determining value of account balance for
     involuntary distributions. For purposes of the Sections of the plan that
     provide for the involuntary distribution of vested accrued benefits of
     $5,000 or less, the value of a participant's nonforfeitable account balance
     shall be determined without regard to that portion of the account balance
     that is attributable to rollover contributions (and earnings allocable
     thereto) within the meaning of Sections 402(c), 403(a)(4), 403(b)(8),
     408(d)(3)(A)(ii), and 457(e)(16) of the Code. If the value of the
     participant's nonforfeitable account balance as so determined is $5,000 or
     less, then the plan shall immediately distribute the participant's entire
     nonforfeitable account balance.

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                                   ARTICLE IV
                             HARDSHIP DISTRIBUTIONS

Reduction of Section 402(g) of the Code following hardship distribution. If the
plan provides for hardship distributions upon satisfaction of the safe harbor
(deemed) standards as set forth in Treas. Reg. Section 1.401(k)-1(d)(2)(iv),
then effective as of the date the elective deferral suspension period is reduced
from 12 months to 6 months pursuant to EGTRRA, there shall be no reduction in
the maximum amount of elective deferrals that a Participant may make pursuant to
Section 402(g) of the Code solely because of a hardship distribution made by
this plan or any other plan of the Employer.

                                    ARTICLE V
                             CATCH-UP CONTRIBUTIONS

Catch-up Contributions. Unless otherwise elected in Section 2.2 of this
amendment, effective for calendar years beginning after December 31, 2001, all
employees who are eligible to make elective deferrals under this plan and who
have attained age 50 before the close of the calendar year shall be eligible to
make catch-up contributions in accordance with, and subject to the limitations
of, Section 414(v) of the Code. Such catch-up contributions shall not be taken
into account for purposes of the provisions of the plan implementing the
required limitations of Sections 402(g) and 415 of the Code. The plan shall not
be treated as failing to satisfy the provisions of the plan implementing the
requirements of Sections 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of
the Code, as applicable, by reason of the making of such catch-up contributions.

If elected in Section 2.2, catch-up contributions shall not be treated as
elective deferrals for purposes of applying any Employer matching contributions
under the plan.

                                   ARTICLE VI
                         REQUIRED MINIMUM DISTRIBUTIONS

6.1  GENERAL RULES

6.1.1 Effective Date. Unless a later effective date is specified in Section
     2.3.a of this amendment, the provisions of this amendment will apply for
     purposes of determining required minimum distributions for calendar years
     beginning with the 2002 calendar year.

6.1.2 Coordination with Minimum Distribution Requirements Previously in Effect.
     If the effective date of this amendment is earlier than calendar years
     beginning with the 2003 calendar year, required minimum distributions for
     2002 under this amendment will be determined as follows. If the total
     amount of 2002 required minimum distributions under the Plan made to the
     distributee prior to the effective date of this amendment equals or exceeds
     the required minimum distributions determined under this amendment, then no
     additional distributions will be required to be made for 2002 on or after
     such date to the distributee. If the total amount of 2002 required minimum
     distributions under the Plan made to the distributee prior to the effective
     date of this amendment is less than the amount determined under this
     amendment, then required minimum distributions for 2002 on and after such
     date will be determined so that the total amount of required minimum
     distributions for 2002 made to the distributee will be the amount
     determined under this amendment.

6.1.3 Precedence. The requirements of this amendment will take precedence over
     any inconsistent provisions of the Plan.

6.1.4 Requirements of Treasury Regulations Incorporated. All distributions
     required under this amendment will be determined and made in accordance
     with the Treasury regulations under Section 401(a)(9) of the Internal
     Revenue Code.

6.1.5 TEFRA Section 242(b)(2) Elections. Notwithstanding the other provisions of
     this amendment, distributions may be made under a designation made before
     January 1, 1984, in accordance with Section 242(b)(2) of the Tax Equity and
     Fiscal Responsibility Act (TEFRA) and the provisions of the Plan that
     relate to Section 242(b)(2) of TEFRA.

6.2  TIME AND MANNER OF DISTRIBUTION

6.2.1 Required Beginning Date. The Participant's entire interest will be
     distributed, or begin to be distributed, to the Participant no later than
     the Participant's required beginning date.

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

     (a) If the Participant's surviving spouse is the Participant's sole
     designated beneficiary, then, except as provided in Article VI,
     distributions to the surviving spouse will begin by December 31 of the
     calendar year immediately following the calendar year in which the
     Participant died, or by December 31 of the calendar year in which the
     Participant would have attained age 70 1/2, if later.

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     (b) If the Participant's surviving spouse is not the Participant's sole
     designated beneficiary, then, except as provided in Section 2.3 of this
     amendment, distributions to the designated beneficiary will begin by
     December 31 of the calendar year immediately following the calendar year in
     which the Participant died.

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

     (d) If the Participant's surviving spouse is the Participant's sole
     designated beneficiary and the surviving spouse dies after the Participant
     but before distributions to the surviving spouse begin, this Section 6.2.2,
     other than Section 6.2.2(a), will apply as if the surviving spouse were the
     Participant.

     For purposes of this Section 6.2.2 and Section 2.3, unless Section 6.2.2(d)
     applies, distributions are considered to begin on the Participant's
     required beginning date. If Section 6.2.2(d) applies, distributions are
     considered to begin on the date distributions are required to begin to the
     surviving spouse under Section 6.2.2(a). If distributions under an annuity
     purchased from an insurance company irrevocably commence to the Participant
     before the Participant's required beginning date (or to the Participant's
     surviving spouse before the date distributions are required to begin to the
     surviving spouse under Section 6.2.2(a)), the date distributions are
     considered to begin is the date distributions actually commence.

6.2.3 Forms of Distribution. Unless the Participant's interest is distributed in
     the form of an annuity purchased from an insurance company or in a single
     sum on or before the required beginning date, as of the first distribution
     calendar year distributions will be made in accordance with Sections 6.3
     and 6.4 of this amendment. If the Participant's interest is distributed in
     the form of an annuity purchased from an insurance company, distributions
     thereunder will be made in accordance with the requirements of Section
     401(a)(9) of the Code and the Treasury regulations.

6.3  REQUIRED MINIMUM DISTRIBUTIONS DURING PARTICIPANT'S LIFETIME

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

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

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

6.3.2 Lifetime Required Minimum Distributions Continue Through Year of
     Participant's Death. Required minimum distributions will be determined
     under this Section 6.3 beginning with the first distribution calendar year
     and up to and including the distribution calendar year that includes the
     Participant's date of death.

6.4  REQUIRED MINIMUM DISTRIBUTIONS AFTER PARTICIPANT'S DEATH

6.4.1 Death On or After Date Distributions Begin.

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

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

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

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

                                 (C) Copyright 2003 BKD Investment Advisors, LLC

                                       4

<PAGE>

                                                           POST-EGTRRA - Sponsor

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

6.4.2 Death Before Date Distributions Begin.

     (a) Participant Survived by Designated Beneficiary. Except as provided in
     Section 2.3, if the Participant dies before the date distributions begin
     and there is a designated beneficiary, the minimum amount that will be
     distributed for each distribution calendar year after the year of the
     Participant's death is the quotient obtained by dividing the Participant's
     account balance by the remaining life expectancy of the Participant's
     designated beneficiary, determined as provided in Section 6.4.1.

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

     (c) Death of Surviving Spouse Before Distributions to Surviving Spouse Are
     Required to Begin. If the Participant dies before the date distributions
     begin, the Participant's surviving spouse is the Participant's sole
     designated beneficiary, and the surviving spouse dies before distributions
     are required to begin to the surviving spouse under Section 6.2.2(a), this
     Section 6.4.2 will apply as if the surviving spouse were the Participant.

6.5  DEFINITIONS

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

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

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

6.5.4 Participant's account balance. The account balance as of the last
     valuation date in the calendar year immediately preceding the distribution
     calendar year (valuation calendar year) increased by the amount of any
     contributions made and allocated or forfeitures allocated to the account
     balance as of the dates in the valuation calendar year after the valuation
     date and decreased by distributions made in the valuation calendar year
     after the valuation date. The account balance for the valuation calendar
     year includes any amounts rolled over or transferred to the Plan either in
     the valuation calendar year or in the distribution calendar year if
     distributed or transferred in the valuation calendar year.

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

                                   ARTICLE VII
                             DEEMED 125 COMPENSATION

If elected, this Article shall apply as of the effective date specified in
Section 2.4 of this amendment. For purposes of any definition of compensation
under this Plan that includes a reference to amounts under Section 125 of the
Code, amounts under Section 125 of the Code include any amounts not available to
a Participant in cash in lieu of group health coverage because the Participant
is unable to certify that he or she has other health coverage. An amount will be
treated as an amount under Section 125 of the Code only if the Employer does not
request or collect information regarding the Participant's other health coverage
as part of the enrollment process for the health plan.

(C) Copyright 2003 BKD Investment Advisors, LLC

                                       5

<PAGE>

POST-EGTRRA - SPONSOR

Except with respect to any election made by the employer in Article II, this
amendment is hereby adopted by the prototype sponsor on behalf of all adopting
employers on

[SPONSOR'S SIGNATURE AND ADOPTION DATE ARE ON FILE WITH SPONSOR]

NOTE: THE EMPLOYER ONLY NEEDS TO EXECUTE THIS AMENDMENT IF AN ELECTION HAS BEEN
MADE IN ARTICLE II OF THIS AMENDMENT.

This amendment has been executed this ______ day of ______, ______.

Name of Plan: Home Bancshares, Inc. 401(k) Plan

Name of Employer: Home BancShares, Inc.

By: /s/ Illegible
    ---------------------------------------------
    EMPLOYER

Name of Participating Employer:
                                -----------------

By:
    ---------------------------------------------
    PARTICIPATING EMPLOYER

                                 (C) Copyright 2003 BKD Investment Advisors, LLC

                                       6

<PAGE>

                             PLAN SPECIFICATIONS FOR
                      HOME BANCSHARES, INC. 401(K) PLAN

PLAN YEAR END: December 31
VALUATION DATES: Daily
PLAN NUMBER: 001
TRUSTEE: FirsTrust Financial Services, Inc.
EFF. DATE OF PLAN: July 1, 2005

<TABLE>
<CAPTION>
PLAN SPECS            EXPLANATION                                          QST/PG
----------            -----------                                         -------
<S>                   <C>                                                 <C>
ELIGIBLE EMPLOYEES    All Employees                                         3 p.1
ELIGIBILITY -- AGE    As follows:
                      21                                                    9 p.3
ENTRY DATE            Date of hire                                          9 p.3
COMPENSATION          W-2 Wages for PY increased by elective deferrals.     4 p.1
CONTRIBUTIONS
-Deferral             No limitations                                       14 p.6
Contributions
-Match                Discretionary                                        15 p.7
                      Match limited to deferrals not exceeding a           15 p.7
                      discretionary percentage of compensation.
                      Match applied to deferrals each payroll period.      15 p.7
                      No conditions to share                               18 p.9
-Profit Sharing       As follows:
                      Discretionary.                                       13 p.5
                      Allocated in proportion to compensation.             16 p.8
                      Share if employed at EOY and completed at least      18 p.9
                      1,000 hours of service.
-QNEC                 All or any portion of discretionary profit           13 p.5
                      sharing contribution may be designated as a QNEC.
-Top Heavy Minimum    3%                                                  36 p.20
Contribution
-Match Forfeitures    Allocate as a discretionary matching contribution.   17 p.8
-Profit Sharing       Allocate as a profit sharing contribution.           17 p.8
Forfeitures
RETIREMENT
-Normal               Age 59.5 or the 5th anniversary of plan             20 p.10
                      participation.
DISTRIBUTIONS
-Hardships            Permitted from salary deferrals                     25 p.12
-Pre-Retirement       Permitted as follows:
                      From deferrals, upon attainment of age 59.5.        25 p.12
                      From matching and profit sharing contributions      25 p.12
                      once the following condition(s) have been met: the
                      Participant has attained age 59.5.
                      From rollover contributions, at any time.           25 p.12
-Term - Acct greater  As soon as feasible after termination.              25 p.12
than $5,000
(excluding
amounts attributable
to rollovers)
-Term - Acct less     As soon as feasible after termination.              25 p.12
than or equal to
$5,000 (excluding
amounts attributable
to rollovers)
-Forms                Lump sum only.                                      26 p.13
VESTING
-Include service      First State Bank, Twin City Bank, Community           8 p.3
with:                 Financial Group, Inc., FirsTrust Financial
                      Services, Inc. and First Data Solutions
-Schedule             less than 1-0;1-0;2-25;3-50;4-75;5-100              22 p.10
</TABLE>

<PAGE>

<TABLE>
<S>                   <C>                                                 <C>
                      NOTE: This schedule applies in both top-heavy and-
                      on-top-heavy years.
MISCELLANEOUS
-Insurance            Not permitted.                                      43 p.21
-Directed Invest      Not permitted.                                      41 p.21
-Loans                Not permitted.                                      42 p.21
-Rollovers            Permitted.                                          40 p.21
</TABLE><PAGE>

                                                                    EXHIBIT 10.4

                         BANK OF CABOT RETIREMENT PLAN

<PAGE>
                                                                               .
                                                                               .
                                                                               .

                                TABLE OF CONTENTS

<TABLE>
<S>                                                                           <C>
                                    ARTICLE I
                                  DEFINITIONS

                                   ARTICLE II
                                 ADMINISTRATION

2.1   POWERS AND RESPONSIBILITIES OF THE EMPLOYER..........................   20
2.2   DESIGNATION OF ADMINISTRATIVE AUTHORITY..............................   21
2.3   POWERS AND DUTIES OF THE ADMINISTRATOR...............................   21
2.4   RECORDS AND REPORTS..................................................   23
2.5   APPOINTMENT OF ADVISERS..............................................   23
2.6   PAYMENT OF EXPENSES..................................................   23
2.7   CLAIMS PROCEDURE.....................................................   24
2.8   CLAIMS REVIEW PROCEDURE..............................................   24

                                ARTICLE III
                                ELIGIBILITY

3.1   CONDITIONS OF ELIGIBILITY............................................   25
3.2   EFFECTIVE DATE OF PARTICIPATION......................................   25
3.3   DETERMINATION OF ELIGIBILITY.........................................   25
3.4   TERMINATION OF ELIGIBILITY...........................................   25
3.5   ELECTION NOT TO PARTICIPATE..........................................   26

                                 ARTICLE IV
                        CONTRIBUTION AND VALUATION

4.1   PAYMENT OF CONTRIBUTIONS.............................................   26
4.2   ACTUARIAL METHODS....................................................   26
4.3   TRANSFERS FROM QUALIFIED PLANS.......................................   26

                                 ARTICLE V
                                 BENEFITS

5.1   RETIREMENT BENEFITS..................................................   29
5.2   MINIMUM BENEFIT REQUIREMENT FOR TOP HEAVY PLAN.......................   31
5.3   PAYMENT OF RETIREMENT BENEFITS.......................................   33
5.4   DISABILITY RETIREMENT BENEFITS.......................................   34
</TABLE>

<PAGE>

<TABLE>
<S>                                                                           <C>
5.5   DEATH BENEFITS.......................................................   34
5.6   TERMINATION OF EMPLOYMENT BEFORE RETIREMENT..........................   35
5.7   DISTRIBUTION OF BENEFITS.............................................   39
5.8   DISTRIBUTION OF BENEFITS UPON DEATH..................................   45
5.9   TIME OF SEGREGATION OR DISTRIBUTION..................................   49
5.10  DISTRIBUTION FOR MINOR BENEFICIARY...................................   50
5.11  LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN.......................   50
5.12  EFFECT OF SOCIAL SECURITY ACT........................................   51
5.13  LIMITATIONS ON DISTRIBUTIONS.........................................   51
5.14  QUALIFIED DOMESTIC RELATIONS ORDER DISTRIBUTION......................   51
5.15  LIMITATION OF BENEFITS ON TERMINATION................................   52
5.16  ELIMINATION OF LOOKBACK RULE.........................................   53

                                 ARTICLE VI
                       CODE SECTION 415 LIMITATIONS

6.1   ANNUAL BENEFIT.......................................................   54
6.2   MAXIMUM ANNUAL BENEFIT...............................................   54
6.3   ADJUSTMENTS TO ANNUAL BENEFIT AND LIMITATIONS........................   56
6.4   ANNUAL BENEFIT NOT IN EXCESS OF $10,000..............................   57
6.5   PARTICIPATION OR SERVICE REDUCTIONS..................................   58
6.6   MULTIPLE PLAN REDUCTION..............................................   58
6.7   INCORPORATION BY REFERENCE...........................................   61

                                ARTICLE VII
                                  TRUSTEE

7.1   BASIC RESPONSIBILITIES OF THE TRUSTEE................................   62
7.2   INVESTMENT POWERS AND DUTIES OF THE TRUSTEE..........................   63
7.3   OTHER POWERS OF THE TRUSTEE..........................................   64
7.4   DUTIES OF THE TRUSTEE REGARDING PAYMENTS.............................   67
7.5   TRUSTEE'S COMPENSATION AND EXPENSES AND TAXES........................   67
7.6   ANNUAL REPORT OF THE TRUSTEE.........................................   67
7.7   AUDIT................................................................   68
7.8   RESIGNATION, REMOVAL AND SUCCESSION OF TRUSTEE.......................   69
7.9   TRANSFER OF INTEREST.................................................   70
</TABLE>

<PAGE>

<TABLE>
<S>                                                                           <C>
7.10  DIRECT ROLLOVER......................................................   70

                                ARTICLE VIII
                              PLAN AMENDMENT

8.1   AMENDMENT............................................................   71

                                 ARTICLE IX
                             PLAN TERMINATION

9.1   TERMINATION..........................................................   73
9.2   LIMITATION OF BENEFITS ON PLAN TERMINATION...........................   76

                                 ARTICLE X
                MERGER, CONSOLIDATION OR TRANSFER OF ASSETS

10.1  REQUIREMENTS.........................................................   77

                                 ARTICLE XI
                                 TOP HEAVY

11.1  TOP HEAVY PLAN REQUIREMENTS..........................................   77
11.2  DETERMINATION OF TOP HEAVY STATUS....................................   77

                                ARTICLE XII
                               MISCELLANEOUS

12.1  PARTICIPANT'S RIGHTS.................................................   82
12.2  ALIENATION...........................................................   82
12.3  CONSTRUCTION OF PLAN.................................................   83
12.4  GENDER AND NUMBER....................................................   83
12.5  LEGAL ACTION.........................................................   83
12.6  PROHIBITION AGAINST DIVERSION OF FUNDS...............................   84
12.7  BONDING..............................................................   84
12.8  EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE...........................   85
12.9  INSURER'S PROTECTIVE CLAUSE..........................................   85
12.10 RECEIPT AND RELEASE FOR PAYMENTS.....................................   85
12.11 ACTION BY THE EMPLOYER...............................................   85
12.12 NAMED FIDUCIARIES AND ALLOCATION OF RESPONSIBILITY...................   86
12.13 HEADINGS.............................................................   87
</TABLE>

<PAGE>

<TABLE>
<S>                                                                           <C>
12.14 APPROVAL BY INTERNAL REVENUE SERVICE.................................   87
12.15 UNIFORMITY...........................................................   87
</TABLE>

<PAGE>

                          BANK OF CABOT RETIREMENT PLAN

          THIS AGREEMENT, hereby made and entered into this _____28th day of
February 2002, by and between Community Bank (herein referred to as the
"Employer") and Community Bank (herein referred to as the "Trustee").

                                   WITNESSETH:

          WHEREAS, the Employer heretofore established a Pension Plan and Trust
effective December 1, 1955, (hereinafter called the "Effective Date") known as
Bank Of Cabot Retirement Plan (herein referred to as the "Plan") in recognition
of the contribution made to its successful operation by its employees and for
the exclusive benefit of its eligible employees; and

          WHEREAS, under the terms of the Plan, the Employer has the ability to
amend the Plan, provided the Trustee joins in such amendment if the provisions
of the Plan affecting the Trustee are amended;

          NOW, THEREFORE, effective January 1, 2001, except as otherwise
provided, the Employer and the Trustee in accordance with the provisions of the
Plan pertaining to amendments thereof, hereby amend the Plan in its entirety and
restate the Plan to provide as follows:

                                   ARTICLE I
                                  DEFINITIONS

     1.1 "Accrued Benefit" means the retirement benefit a Participant would
receive at his Normal Retirement Date based on the retirement benefit formula
set forth in Section 5.1 of the Plan, multiplied by a fraction, not greater than
one (1), the numerator of which is the Participant's total number of Years of
Service and the denominator of which is the aggregate number of Years of Service
the Participant would have accumulated if he continued his employment until his
Normal Retirement Age.

          When determining a Participant's Accrued Benefit, the retirement
benefit projected to be provided pursuant to the retirement benefit formula in
Section 5.1 is the monthly benefit to which the Participant would be entitled if
he continued to earn until Normal Retirement Age the same rate of Average
Monthly Compensation upon which his retirement benefit formula is based. This
rate of Average Monthly Compensation is computed on the basis of Average Monthly
Compensation taken into account under the Plan (but not to exceed the ten years
of service immediately preceding the determination).

                                        1

<PAGE>

          The Accrued Benefit of each Participant in the Fresh-Start Group,
shall be equal to the greater of (a) the Participant's Frozen Accrued Benefit,
if any, and (b) the Participant's Accrued Benefit determined with respect to the
Normal Retirement Benefit formula provided in Section 5.1(a).

          For Plan Years beginning before Code Section 411 is applicable hereto,
a Participant's Accrued Benefit shall be the greater of that provided by the
Plan, or 1/2 of the benefit which would have accrued had the provisions of this
Section been in effect. In the event the Accrued Benefit as of the effective
date of Code Section 411 is less than that provided by this Section, such
difference shall be accrued pursuant to this Section.

          Notwithstanding anything herein to the contrary, a Participant's
Accrued Benefit attributable to his retirement benefit formula at the close of
any Plan Year coinciding with or next following his attainment of Normal
Retirement Age shall be equal to the monthly retirement benefit formula
determined pursuant to Section 5.1(d) based upon service and Average Monthly
Compensation determined at the close of any such Plan Year.

          Notwithstanding the above, the Vested portion of a Participant's
Accrued Benefit shall be reduced by the Actuarial Equivalent of the Vested
portion of the Participant's account balance attributable to Employer
contributions in the Community Bank ESOP Plan as of the date such Accrued
Benefit is calculated (plus the Actuarial Equivalent, without regard to
mortality, of any prior distributions from that portion of the account balance).

          Notwithstanding the above, a Participant's Accrued Benefit derived
from Employer contributions shall not be less than the minimum Accrued Benefit,
if any, provided pursuant to Section 5.2.

          However, no benefits shall be accrued under this Plan after December
31, 2000. Service and Compensation after December 31, 2000 shall not be included
in the determination of Accrued Benefit. The Accrued Benefit on and after
December 31, 2000 will equal the Accrued Benefit at December 31, 2000. The
Accrued Benefit cannot be less than the Accrued Benefit on December 31, 1996.

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

     1.3 "Actuarial Equivalent" means, effective January 1, 2000, a form of
benefit differing in time, period, or manner of payment

                                       2

<PAGE>

from a specific benefit provided under the Plan but having the same value when
computed using Pre-Retirement Table: 1984 Unisex Pension Table; Post-Retirement
Table: 1984 Unisex Pension Table and Pre-Retirement Interest: 7.00;
Post-Retirement Interest: 7.00.

          Notwithstanding the foregoing, effective with the later of the
adoption date or the first day of the Plan Year beginning after December 31,
1999, the mortality table and the interest rate for the purposes of determining
an Actuarial Equivalent amount (other than nondecreasing life annuities payable
for a period not less than the life of a Participant or, in the case of a
Pre-Retirement Survivor Annuity, the life of the surviving spouse) shall be the
"Applicable Mortality Table" and the "Applicable Interest Rate" described below.
However, if prior to the later of the adoption date or the first day of the Plan
Year beginning after December 31, 1999, the Plan used an interest rate other
than the Pension Benefit Guaranty Corporation interest rate (or an interest rate
or rates based on the Pension Benefit Guaranty Corporation interest rate) in
determining the present value of a Participant's Accrued Benefit, the mortality
table and the interest rate for the purposes of determining an Actuarial
Equivalent amount (other than nondecreasing life annuities payable for a period
not less than the life of a Participant or, in the case of a Pre-Retirement
Survivor Annuity, the life of the surviving spouse) shall be the mortality table
and the interest rate specified above or the "Applicable Mortality Table" and
the "Applicable Interest Rate" described below, whichever produces the greater
benefit:

               (a) The "Applicable Mortality Table" means the table prescribed
          by the Secretary of the Treasury. Such table shall be based on the
          prevailing commissioner's standard table (described in Code Section
          807(d)(5)(A)) used to determine reserves for group annuity contracts
          issued on the date as of which present value is being determined
          (without regard to any other subparagraph of Code Section 807(d)(5)).

               (b) The "Applicable Interest Rate" means the annual rate of
          interest on 30-year Treasury securities determined as of the second
          calendar month preceding the first day of the Plan Year during which
          the Annuity Starting Date occurs. However, except as provided in
          Regulations, if a Plan amendment (including this amendment and
          restatement) changes the time for determining the "Applicable Interest
          Rate" (including an indirect change as a result of a change in the
          Plan Year), any distribution for which the Annuity Starting Date
          occurs in the one-year period commencing at the

                                       3

<PAGE>

          time the Plan amendment is effective (if the amendment is effective on
          or after the adoption date) must use the interest rate as provided
          under the terms of the Plan after the effective date of the amendment,
          determined at either the date for determining the interest rate before
          the amendment or the date for determining the interest rate after the
          amendment, whichever results in the larger distribution. If the Plan
          amendment is adopted retroactively (that is, the amendment is
          effective prior to the adoption date), the Plan must use the interest
          rate determination date resulting in the larger distribution for the
          period beginning with the effective date and ending one year after the
          adoption date.

                    Notwithstanding the above, if a benefit is distributed in a
          form other than a nondecreasing annuity payable for a period not less
          than the life of a Participant or, in the case of a Pre-Retirement
          Survivor Annuity, the life of the surviving spouse, the interest rate
          used in determining the Actuarial Equivalent of the portion of the
          excess/offset portion of the monthly retirement benefit pursuant to
          Section 5.1(a) shall not be less than the lesser of 7.5% or the
          "Applicable Interest Rate."

          In the case of a distribution (other than nondecreasing life annuities
payable for a period not less than the life of a Participant or, in the case of
a Pre-Retirement Survivor Annuity, the life of the surviving spouse) that was
made in a Plan Year beginning after December 31, 1994, and before the later of
the adoption date or the first day of the Plan Year beginning after December 31,
1999, the calculation shall be made by using the interest rate determined under
the regulations of the Pension Benefit Guaranty Corporation for determining the
present value of a lump sum distribution on plan termination that were in effect
on September 1, 1993, and using the provisions of the Plan as in effect on the
day before December 8, 1994; but only if such provisions of the Plan met the
requirements of Code Section 417 (e) (3) and Regulation 1.417(e)-1(d) as in
effect on the day before December 8, 1994.

          In the event this Section is amended, the Actuarial Equivalent of a
Participant's Accrued Benefit on or after the date of change shall be determined
(unless otherwise permitted by law or Regulation) as the greater of (1) the
Actuarial Equivalent of the Accrued Benefit as of the date of change computed on
the old basis, or (2) the Actuarial Equivalent of the total Accrued Benefit
computed on the new basis.

                                       4

<PAGE>

     1.4 "Administrator" means the Employer unless another ' person or entity
has been designated by the Employer pursuant to Section 2.2 to administer the
Plan on behalf of the Employer.

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

     1.6 "Age" means age at last birthday. '

     1.7 "Aggregate Account" means, with respect to each Participant, the value
of all accounts maintained on behalf of a Participant, whether attributable to
Employer or Employee contributions, used to determine Top Heavy Plan status
under the provisions of a defined contribution plan included in any Aggregation
Group (as defined in Section 11.2).

     1.8 "Anniversary Date" means January 1.

     1.9 "Annuity Starting Date" means, with respect to any Participant, the
first day of the first period for which an amount is paid as an annuity or any
other form.

     1.10 Highest 5 consecutive Years of Service excluding Compensation after
December 31, 2000

          For purposes of this Section, if the determination of Average Monthly
Compensation is based on Compensation prior to the first day of the Plan Year
beginning after December 31, 1993, Compensation in excess of $150,000 shall be
disregarded for purposes of calculating Average Monthly Compensation.
Notwithstanding the foregoing, with respect to Plan Years beginning prior to the
first day of the Plan Year beginning after December 31, 1994, compliance with
Code Section 401(a)(17) then in effect shall be deemed to be compliance with
this paragraph.

     1.11 "Beneficiary" means the person designated as provided in Section 5.5
to receive the benefits which are payable under the Plan upon or after the death
of a Participant.

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

                                       5

<PAGE>

     1.13 "Compensation" with respect to any Participant means such
Participant's wages, salaries, fees for professional services and other amounts
received (without regard to whether or not an amount is paid in cash) for
personal services actually rendered in the course of employment with the
Employer maintaining the Plan to the extent that the amounts are includible in
gross income (including, but not limited to, commissions paid salesmen,
compensation for services on the basis of a percentage of profits, commissions
on insurance premiums, tips, bonuses, fringe benefits, and reimbursements or
other expense allowances under a nonaccountable plan (as described in Regulation
1.62-2(c)) for a Calendar Year ending with or within the Plan Year.

          Compensation shall exclude (a)(1) contributions made by the Employer
to a plan of deferred compensation to the extent that, the contributions are not
includible in the gross income of the Participant for the taxable year in which
contributed, (2) Employer contributions made on behalf of an Employee to a
simplified employee pension plan described in Code Section 408(k) to the extent
such contributions are excludable from the Employee's gross income, (3) any
distributions from a plan of deferred compensation; (b) amounts realized from
the exercise of a non-qualified stock option, or when restricted stock (or
property) held by an Employee either becomes freely transferable or is no longer
subject to a substantial risk of forfeiture; (c) amounts realized from the sale,
exchange or other disposition of stock acquired under a qualified stock option;
and (d) other amounts which receive special tax benefits, or contributions made
by the Employer (whether or not under a salary reduction agreement) towards the
purchase of any annuity contract described in Code Section 403(b) (whether or
not the contributions are actually excludable from the gross income of the
Employee).

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

               (a) including amounts which are contributed by the Employer
          pursuant to a salary reduction agreement and which are not includible
          in the gross income of the Participant under Code Sections 125, 132(f)
          (4) for Calendar Years beginning after December 31, 2000, 402(e)(3),
          402(h)(1)(B), 403(b) or 457(b), and Employee contributions described
          in Code Section 414(h)(2) that are treated as Employer contributions.

                                       6

<PAGE>

          Compensation in excess of $150,000 shall be disregarded. Such amount
shall be adjusted for increases in the cost of living in accordance with Code
Section 401(a)(17), except that the dollar increase in effect on January 1 of
any calendar year shall be effective for the Calendar Years beginning with such
calendar year. If Compensation for any prior determination period is taken into
account in determining an Employee's benefits accruing in a Plan Year beginning
after December 31, 1993, the Compensation for that prior determination period is
subject to the adjusted compensation limit in effect for that prior
determination period. For this purpose, for determination periods beginning
before the first day of the first Plan Year beginning on or after January 1,
1994, the annual compensation limit is $150,000. For any short Calendar Year the
Compensation limit shall be an amount equal to the Compensation limit for the
calendar year in which the 'Calendar Year begins multiplied by the ratio
obtained by dividing the number of full months in the short Calendar Year by
twelve (12).

          Effective with Plan Years beginning after December 31, 1996, the
aggregation rules of Code Section 414(q) as in effect prior to the Small
Business Job Protection Act of 1996 and Code Section 401(a)(17) are eliminated.
In determining Average Monthly Compensation, the elimination of these rules are
treated as not having been in effect for earlier years.

     1.14 "Contract" or "Policy" means any life insurance policy, retirement
income or annuity policy or annuity contract (group or individual) issued
pursuant to the terms of the Plan.

     1.15 "Earliest Retirement Age" means the earliest date on which, under the
Plan, the Participant could elect to receive retirement benefits.

     1.16 "Early Retirement Date" means the first day of the month (prior to the
Normal Retirement Date) coinciding with or following the date on which a
Participant or Former Participant attains age 55, and has completed at least 10
Years of Service with the Employer (Early Retirement Age). A Participant shall
become fully Vested upon satisfying this requirement if still employed at his
Early Retirement Age.

          A Former Participant who terminates employment after satisfying the
service requirement for Early Retirement and who thereafter reaches the age
requirement contained herein shall be entitled to receive his benefits under
this Plan.

     1.17 "Eligible Employee" means any Employee hired before January 1, 2001.

                                       7

<PAGE>

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

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

     1.19 "Employer" means Community Bank and any successor which shall maintain
this Plan; and any predecessor which has maintained this Plan. The Employer is a
corporation, with principal offices in the State of Arkansas.

     1.20 "Fiduciary" means any person who (a) exercises any discretionary
authority or discretionary control respecting management of the Plan or
exercises any authority or control respecting management or disposition of its
assets, (b) renders investment advice for a fee or other compensation, direct or
indirect, with respect to any monies or other property of the Plan or has any
authority or responsibility to do so, or (c) has any discretionary authority or
discretionary responsibility in the administration of the Plan, including, but
not limited to, the Trustee, the Employer and its representative body, and the
Administrator.

     1.21 "Fiscal Year" means the Employer's accounting year of 12 months
commencing on January 1 of each year and ending the following December 31.

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

     1.23 "415 Compensation" with respect to any Participant means such
Participant's wages, salaries, fees for professional services and other amounts
received (without regard to whether or not an amount is paid in cash) for
personal services actually rendered in the course of employment with the
Employer maintaining the Plan to the extent that the amounts are includible in
gross income (including, but not limited to, commissions paid salesmen,
compensation for services on the basis of a percentage of profits, commissions
on insurance premiums, tips, bonuses, fringe benefits, and reimbursements or
other expense allowances under a nonaccountable plan (as

                                       8

<PAGE>

described in Regulation 1.62-2(c)) for a Calendar Year ending' with or within
the Plan Year.

          "415 Compensation" shall exclude (a)(1) contributions made by the
Employer to a plan of deferred compensation to the extent that, the
contributions are not includible in the gross income of the Participant for the
taxable year in which contributed, (2) Employer contributions made on behalf of
an Employee to a simplified employee pension plan described in Code Section
408(k) to the extent such contributions are excludable from the Employee's gross
income, (3) any distributions from a plan of deferred compensation; (b) amounts
realized from the exercise of a non-qualified stock option, or when restricted
stock (or property) held by an Employee either becomes freely transferable or is
no longer subject to a substantial risk of forfeiture; (c) amounts realized from
the sale, exchange or other disposition of stock acquired under a qualified
stock option; and (d) other amounts which receive special tax benefits, or
contributions made by the Employer (whether or not under a salary reduction
agreement) towards the purchase of any annuity contract described in Code
Section 403(b) (whether or not the contributions are actually excludable from
the gross income of the Employee).

          For Plan Years beginning after December 31, 1997, for purposes of this
Section, the determination of "415 Compensation" shall include any elective
deferral (as defined in Code Section 402(g)(3)), and any amount which is
contributed or deferred by the Employer at the election of the Participant and
which is not includible in the gross income of the Participant by reason of Code
Sections 125, 132(f) (4) for Calendar Years beginning after December 31, 2000 or
457.

     1.24 "Freeze Date" means the last day of the "limitation year" beginning
prior to the first day of the "limitation year" beginning after December 31,
1994.

     1.25 "Fresh-Start Date" generally means the last day of the Plan Year
preceding a Plan Year for which any amendment of the Plan that directly or
indirectly affects the amount of a Participant's benefit determined under the
current benefit formula, is made effective. If this Plan has had a fresh-start
for all Participants, and in a subsequent Plan Year is aggregated for purposes
of Code Section 401(a)(4) with another plan that did not make the same
fresh-start, the Plan will have a fresh-start on the last day of the Plan Year
preceding the Plan Year during which the plans are first aggregated.

                                       9

<PAGE>

     1.26 "Fresh-Start Group" means all Participants who have Accrued Benefits
as of the Fresh-Start Date and have at least one Hour of Service with the
Employer after that date.

     1.27 "Frozen Accrued Benefit" means a Participant's Accrued Benefit under
the Plan determined as of the latest Fresh-Start Date as if the Participant
terminated employment with the Employer as of the latest Fresh-Start Date, or
the date the Participant actually terminated employment with the Employer, if
earlier, without regard to any amendment made to the Plan after that date other
than amendments recognized as effective as of or before the date under Code
Section 401(b) or Regulation 1.401(a)(4)-11(g). If the Participant has not had a
Fresh-Start Date, the Participant's Frozen Accrued Benefit will be zero.

          If, as of the Participant's latest Fresh-Start date, the amount of a
Participant's Frozen Accrued Benefit was limited by the application of Code
Section 415, the Participant's Frozen Accrued Benefit will be increased for
years after the latest Fresh-Start Date to the extent permitted under Code
Section 415(d)(1). In addition, the Frozen Accrued Benefit of a Participant
whose Frozen Accrued Benefit includes the top-heavy minimum benefits provided in
Section 5.2, will be increased to the extent necessary to comply with the
average compensation requirement of Code Section 416(c) (1) (D) (i).

          If: (a) the Plan's normal form of benefit in effect on the
Participant's latest Fresh-Start Date is not the same as the normal form under
the Plan after such Fresh-Start Date and/or (b) the Normal Retirement Age for
any Participant on that date was greater than the Normal Retirement Age for that
Participant under the Plan after such Fresh-Start Date, the Frozen Accrued
Benefit will be expressed as an actuarially equivalent benefit in the normal
form under the Plan after such Fresh-Start Date, commencing at the Participant's
Normal Retirement Age under the Plan in effect after the latest Fresh-Start
Date.

     1.28 "Highly Compensated Employee" means, for Plan Years beginning after
December 31, 1996, an Employee described in Code Section 414(q) and the
Regulations thereunder, and generally means an Employee who performed services
for the Employer during the "determination year" and is in one or more of the
following groups:

               (a) Employees who at any time during the "determination year" or
          "look-back year" were "five percent owners" as defined in Section
          1.33(c).

                                       10

<PAGE>

               (b) Employees who received "415 Compensation"' during the
          "look-back year" from the Employer in excess of $80,000.

          Notwithstanding the above, for the first Plan Year beginning after
December 31, 1996, the "look-back year" shall be the calendar year ending with
or within the Plan Year for which testing is being performed, and the
"determination year" (if applicable) shall be the period of time, if any, which
extends beyond the "look-back year" and ends on the last day of the Plan Year
for which testing is being performed (the "lag period").

          The "look-back year" shall be the calendar year ending with or within
the Plan Year for which testing is being performed, and the "determination year"
(if applicable) shall be the period of time, if any, which extends beyond the
"look-back year" and ends on the last day of the Plan Year for which testing is
being performed (the "lag period"). If the "lag period" is less than twelve
months long, the dollar threshold amounts specified in (b), (c) and (d) above
shall be prorated based upon the number of months in the "lag period."

          For purposes of this Section, the determination of "415 Compensation"
shall be based only on "415 Compensation" which is actually paid and shall be
made by including amounts which are contributed by the Employer pursuant to a
salary reduction agreement and which are not includible in the gross income of
the Participant under Code Sections 125, 402(e)(3), 402(h)(1)(B), 403(b) or
457(b), and Employee contributions described in Code Section 414(h)(2) that are
treated as Employer contributions. Additionally, the dollar threshold amount
specified in (b) above shall be adjusted at such time and in the same manner as
under Code Section 415(d), except that the base period shall be the calendar
quarter ending September 30, 1996. In the case of such an adjustment, the dollar
limit which shall be applied is the limit for the calendar year in which the
"look-back year" begins.

          In determining who is a Highly Compensated Employee, Employees who are
non-resident aliens and who received no earned income (within the meaning of
Code Section 911(d)(2)) from the Employer constituting United States source
income within the meaning of Code Section 861(a)(3) shall not be treated as
Employees. Additionally, all Affiliated Employers shall be taken into account as
a single employer and Leased Employees within the meaning of Code Sections
414(n)(2) and 414(o)(2) shall be considered Employees unless such Leased
Employees are covered by a plan described in Code Section 414(n)(5) and are not
covered in any qualified plan maintained by the Employer. The exclusion

                                       11

<PAGE>

of Leased Employees for this purpose shall be applied on a uniform and
consistent basis for all of the Employer's retirement plans. Highly Compensated
Former Employees shall be treated as Highly Compensated Employees without regard
to whether they performed services during the "determination year."

     1.29 "Highly Compensated Former Employee" means a former Employee who had a
separation year prior to the "determination year" and was a Highly Compensated
Employee in the year of separation from service or in any "determination year"
after attaining age 55. Notwithstanding the foregoing, an Employee who separated
from service prior to 1987 will be treated as a Highly Compensated Former
Employee only if during the separation year (or year preceding the separation
year) or any year after the Employee attains age 55 (or the last year ending
before the Employee's 55th birthday), the Employee either received "415
Compensation" in excess of $50,000 or was a "five percent owner." For purposes
of this Section, "determination year," "415 Compensation" and "five percent
owner" shall be determined in accordance with Section 1.28. Highly Compensated
Former Employees shall be treated as Highly Compensated Employees. The method
set forth in this Section for determining who is a "Highly Compensated Former
Employee" shall be applied on a uniform and consistent basis for all purposes
for which the Code Section 414(q) definition is applicable.

     1.30 "Highly Compensated Participant" means any Highly Compensated Employee
who is eligible to participate in the Plan.

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

                                       12

<PAGE>

not be credited both under (1) or (2), as the case may be, and under (3).

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

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

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

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

     1.33 "Key Employee" means an Employee as defined in Code Section 416(i) and
the Regulations thereunder. Generally, any Employee or former Employee (as well
as each of his Beneficiaries) is considered a Key Employee if he, at any time
during the Plan Year that contains the "Determination Date" or any of the
preceding four (4) Plan Years, has been included in one of the following
categories:

                                       13

<PAGE>

               (a) an officer of the Employer (as that term is defined within
          the meaning of the Regulations under Code Section 416) having annual
          "415 Compensation" greater than 50 percent of the amount in effect
          under Code Section 415(b)(1)(A) for any such Plan Year.

               (b) one of the ten employees having annual "415 Compensation"
          from the Employer for a Plan Year greater than the dollar limitation
          in effect under Code Section 415(c)(1) (A) for the calendar year in
          which such Plan Year ends and owning (or considered as owning within
          the meaning of Code Section 318) both more than one-half percent
          interest and the largest interests in the Employer.

               (c) a "five percent owner" of the Employer. "Five percent owner"
          means any person who owns (or is considered as owning within the
          meaning of Code Section 318) more than five percent (5%) of the
          outstanding stock of the Employer or stock possessing more than five
          percent (5%) of the total combined voting power of all stock of the
          Employer or, in the case of an unincorporated business, any person who
          owns more than five percent (5%) of the capital or profits interest in
          the Employer. In determining percentage ownership hereunder, employers
          that would otherwise be aggregated under Code Sections 414(b), (c),
          (m) and (o) shall be treated as separate employers.

               (d) a "one percent owner" of the Employer having an annual "415
          Compensation" from the Employer of more than $150,000. "One percent
          owner" means any person who owns (or is considered as owning within
          the meaning of Code Section 318) more than one percent (1%) of the
          outstanding stock of the Employer or stock possessing more than one
          percent (1%) of the total combined voting power of all stock of the
          Employer or, in the case of an unincorporated business, any person who
          owns more than one percent (1%) of the capital or profits interest in
          the Employer. In determining percentage ownership hereunder, employers
          that would otherwise be aggregated under Code Sections 414(b), (c),
          (m) and (o) shall be treated as separate employers. However, in
          determining whether an individual has "415 Compensation" of more than
          $150,000, "415 Compensation" from each employer required to be
          aggregated under Code Sections 414(b), (c), (m) and (o) shall be taken
          into account.

                                       14

<PAGE>

          For purposes of this Section, the determination of "415 Compensation"
shall be based only on "415 Compensation" which is actually paid and shall be
made by including amounts which are contributed by the Employer pursuant to a
salary reduction agreement and which are not includible in the gross income of
the Participant under Code Sections 125, 132(f)(4) for Calendar Years beginning
after December 31, 2000, 402(e)(3), 402(h)(1)(B), 403(b) or 457(b), and Employee
contributions described in Code Section 414(h)(2) that are treated as Employer
contributions.

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

     1.35 "Leased Employee" means, for Plan Years beginning after December 31,
1996, any person (other than an Employee of the recipient) who pursuant to an
agreement between the recipient and any other person ("leasing organization")
has performed services for the recipient (or for the recipient and related
persons determined in accordance with Code Section 414(n)(6)) on a substantially
full time basis for a period of at least one year, and such services are
performed under primary direction or control by the recipient employer.
Contributions or benefits provided a Leased Employee by the leasing organization
which are attributable to services performed for the recipient employer shall be
treated as provided by the recipient employer. A Leased Employee shall not be
considered an Employee of the recipient:

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

               (1) a non-integrated employer contribution rate of at least 10%
               of compensation, as defined in Code Section 415(c)(3), but
               including amounts which are contributed by the Employer pursuant
               to a salary reduction agreement and which are not includible in
               the gross income of the Participant under Code Sections 125,
               402(e)(3), 402(h)(1)(B), 403(b) or 457(b), and Employee
               contributions described in Code Section 414(h)(2) that are
               treated as Employer contributions.

               (2) immediate participation; and

               (3) full and immediate vesting; and

                                       15

<PAGE>

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

     1.36 "Non-Highly Compensated Participant" means any Participant who is not
a Highly Compensated Employee.

     1.37 "Non-Key Employee" means any Employee or former Employee (and his
Beneficiaries) who is not a Key Employee.

     1.38 "Normal Retirement Age" means the Participant's 65 birthday. A
Participant shall become fully Vested in his Normal Retirement Benefit upon
attaining his Normal Retirement Age.

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

     1.40 "Old Law Benefit" means the Participant's Accrued Benefit under the
terms of the Plan as of the Freeze Date, for the Annuity Starting Date and
optional form and taking into account the limitations of Code Section 415, as in
effect on December 7, 1994, including the participation requirements under Code
Section 415(b)(5). In determining the amount of a Participant's Old Law Benefit,
the following shall be disregarded:

               (a) any Plan amendment increasing benefits adopted after the
          Freeze Date; and

               (b) any cost of living adjustments that become effective after
          such date.

          A Participant's Old Law Benefit is not increased after the Freeze
Date, but if the limitations of Code Section 415, as in effect on December 7,
1994, are less than the limitations that were applied to determine the
Participant's Old Law Benefit on the Freeze Date, then the Participant's Old Law
Benefit shall be reduced in accordance with such reduced limitation. If, at any
date after the Freeze Date, the Participant's total Plan benefit, before the
application of Code Section 415, is less than the Participant's Old Law Benefit,
the Old Law Benefit shall be reduced to the Participant's total Plan Benefit.

     1.41 "1-Year Break in Service" means the applicable computation period
during which an Employee has not completed more than 500 Hours of Service with
the Employer. Further, solely for the purpose of determining whether a
Participant has incurred a 1-Year Break in Service, Hours of Service shall be

                                       16

<PAGE>

recognized for "authorized leaves of absence" and "maternity and paternity
leaves of absence." Years of Service and 1-Year Breaks in Service shall be
measured on the same computation period.

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

          A "maternity or paternity leave of absence" means, for Plan Years
beginning after December 31, 1984, an absence from work for any period by reason
of the Employee's pregnancy, birth of the Employee's child, placement of a child
with the Employee in connection with the adoption of such child, or any absence
for the purpose of caring for such child for a period immediately following such
birth or placement. For this purpose, Hours of Service shall be credited for the
computation period in which the absence from work begins, only if credit
therefore is necessary to prevent the Employee from incurring a 1-Year Break in
Service, or, in any other case, in the immediately following computation period.
The Hours of Service credited for a "maternity or paternity leave of absence"
shall be those which would normally have been credited but for such absence, or,
in any case in which the Administrator is unable to determine such hours
normally credited, eight (8) Hours of Service per day. The total Hours of
Service required to be credited for a "maternity or paternity leave of absence"
shall not exceed 501.

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

     1.43 "Participant's Cumulative Permitted Disparity Limit" is equal to 35
minus the number of years credited to the Participant for purposes of the
benefit formula or the accrual method under the plan under one or more qualified
plans or simplified employee pensions (whether or not terminated) ever
maintained by the Employer, other than years for which a Participant earned a
year of credited service under this Plan. For purposes of determining the
Participant's Cumulative Permitted Disparity Limit, all years ending in the same
calendar year are treated as the same year. If the Participant's Cumulative
Permitted Disparity Limit is less than the period of years specified in Section
5.1(a), then for years after the Participant reaches his Cumulative Permitted
Disparity Limit and through the end of the period specified in Section 5.1(a),
the Participant's benefit will be equal to the excess/gross benefit percentage,
or, if the Participant's benefit after the latest Fresh-Start Date is not
accrued under the fractional accrual

                                       17

<PAGE>

rule and the plan does not satisfy Code Section 411(b)(1)(f), 133 1/3 percent
of the base benefit percentage, if lesser, times Average Monthly Compensation.

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

     1.45 "Plan Year" means the Plan's accounting year of twelve (12) months
commencing on January 1 of each year and ending the following December 31.

     1.46 "Pre-Retirement Survivor Annuity" is an immediate annuity form of
payment for the life of the surviving spouse of a Participant who dies prior to
his Annuity Starting Date, the payment under which must be equal to the "minimum
spouse's death benefit" provided in Section 5.5(b).

     1.47 "Present Value of Accrued Benefit" means the Actuarial Equivalent
lump-sum amount of a Participant's Accrued Benefit at date of valuation.
Notwithstanding the foregoing, the Present Value of Accrued Benefit for the
determination of Top Heavy Plan status shall be made exclusively pursuant to the
provisions of Section 11.2.

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

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

     1.50 "Retirement Date" means the date as of which a Participant retires for
reasons other than Total and Permanent Disability, whether such retirement
occurs on a Participant's Normal Retirement Date, Early or Late Retirement Date
(see Section 5.1).

     1.51 "Social Security Retirement Age" means the age used as the retirement
age under Section 216(1) of the Social Security Act, except that such section
shall be applied without regard to the age increase factor and as if the early
retirement age under Section 216(1)(2) of such Act were 62.

     1.52 "Super Top Heavy Plan" means a plan described in Section 11.2(b).

                                       18

<PAGE>

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

     1.54 "Top Heavy Plan" means a plan described in Section 11.2(a).

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

     1.56 "Total and Permanent Disability" means a physical or mental condition
of a Participant resulting from bodily injury, disease, or mental disorder which
renders him incapable of continuing his usual and customary employment with the
Employer. The disability of a Participant shall be determined by a licensed
physician chosen by the Administrator. The determination shall be applied
uniformly to all Participants.

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

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

     1.59 "USERRA" means the Uniformed Services Employment and Reemployment
Rights Act of 1994. Notwithstanding any provision of this Plan to the contrary,
effective December 12, 1994, contributions, benefits and service credit with
respect to qualified military service will be provided in accordance with Code
Section 414(u).

     1.60 "Vested" means the portion of a Participant's benefits under the Plan
that are nonforfeitable.

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

          For purposes of eligibility for participation, the initial computation
period shall, begin with the date on which the Employee first performs an Hour
of Service. The participation computation period beginning after a 1-Year Break
in Service shall be measured from the date on which an Employee again performs
an Hour of Service. The participation computation period shall shift to the Plan
Year which includes the anniversary of the date on which the Employee first
performed an Hour of Service. An Employee who is credited with the required
Hours of Service in both the initial computation period (or the

                                       19

<PAGE>

computation period beginning after a 1-Year Break in Service) and the Plan
Year which includes the anniversary of the date on which the Employee first
performed an Hour of Service, shall be credited with two (2) Years of Service
for purposes of eligibility to participate.

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

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

          Notwithstanding the foregoing, for any short Plan Year, the
determination of whether an Employee has completed a Year of Service shall be
made in accordance with Department of Labor regulation 2530.203-2(c). However,
in determining whether an Employee has completed a Year of Service for benefit
accrual purposes or for purposes of Section 5.1(a) in the short Plan Year, the
number of the Hours of Service required shall be proportionately reduced based
on the number of full months in the short Plan Year.

          Years of Service with any Affiliated Employer shall be recognized.

                                   ARTICLE II
                                 ADMINISTRATION

2.1 POWERS AND RESPONSIBILITIES OF THE EMPLOYER

               (a) In addition to the general powers and responsibilities
          otherwise provided for in this Plan, the Employer shall be empowered
          to appoint and remove the Trustee and the Administrator from time to
          time as it deems necessary for the proper administration of the Plan
          to ensure that the Plan is being operated for the exclusive benefit of
          the Participants and their Beneficiaries in accordance with the terms
          of the Plan, the Code, and the Act. The Employer may appoint counsel,
          specialists, advisers, agents (including any nonfiduciary agent) and
          other persons as the Employer deems necessary or desirable in
          connection with the exercise of its fiduciary duties under this Plan.
          The Employer may compensate such agents or advisers from the assets of
          the Plan as fiduciary expenses (but not including any business
          (settlor) expenses of the Employer), to the extent not paid by the
          Employer.

                                       20

<PAGE>

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

               (c) The Employer shall periodically review the performance of any
          Fiduciary or other person to whom duties have been delegated or
          allocated by it under the provisions of this Plan or pursuant to
          procedures established hereunder. This requirement may be satisfied by
          formal periodic review by the Employer or by a qualified person
          specifically designated by the Employer, through day-to-day conduct
          and evaluation, or through other appropriate ways.

2.2 DESIGNATION OF ADMINISTRATIVE AUTHORITY

          The Employer shall be the Administrator. The Employer may appoint any
person, including, but not limited to, the Employees of the Employer, to perform
the duties of the Administrator. Any person so appointed shall signify his
acceptance by filing written acceptance with the Employer. Upon the resignation
or removal of any individual performing the duties of the Administrator, the
Employer may designate a successor.

2.3 POWERS AND DUTIES OF THE ADMINISTRATOR

          The primary responsibility of the Administrator is to administer the
Plan for the exclusive benefit of the Participants and their Beneficiaries,
subject to the specific terms of the Plan. The Administrator shall administer
the Plan in accordance with its terms and shall have the power and discretion to
construe the terms of the Plan and to determine all questions arising in
connection with the administration, interpretation, and application of the Plan.
Any such determination by the Administrator shall be conclusive and binding upon
all persons. The Administrator may establish

                                       21

<PAGE>

procedures, correct any defect, supply any information, or reconcile any
inconsistency in such manner and to such extent as shall be deemed necessary or
advisable to carry out the purpose of the Plan; provided, however, that any
procedure, discretionary act, interpretation or construction shall be done in a
nondiscriminatory manner based upon uniform principles consistently applied and
shall be consistent with the intent that the Plan shall continue to be deemed a
qualified plan under the terms of Code Section 401(a), and shall comply with the
terms of the Act and all regulations issued pursuant thereto. The Administrator
shall have all powers necessary or appropriate to accomplish his duties under
this Plan.

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

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

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

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

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

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

               (f) to determine the size and type of any Contract to be
          purchased from any insurer and to designate the insurer from which
          such Contract shall be purchased. All Policies shall be issued on a
          uniform basis as of each Anniversary Date with respect to all
          Participants under similar circumstances;

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

                                       22

<PAGE>

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

               (i) to prepare and distribute to Employees a procedure for
          notifying Participants and Beneficiaries of their rights to elect
          joint and survivor annuities and Pre-Retirement Survivor Annuities as
          required by the Act and regulations thereunder;

               (j) to assist any Participant regarding his rights, benefits, or
          elections available under the Plan.

2.4 RECORDS AND REPORTS

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

2.5 APPOINTMENT OF ADVISERS

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

2.6 PAYMENT OF EXPENSES

          All expenses of administration may be paid out of the Trust Fund
unless paid by the Employer. Such expenses shall include any expenses incident
to the functioning of the Administrator, or any person or persons retained or
appointed by any Named Fiduciary incident to the exercise of their duties under
the Plan, including, but not limited to, fees of accountants, counsel,
Investment Managers, and other specialists

                                       23

<PAGE>

and their agents, and other costs of administering the Plan. Until paid, the
expenses shall constitute a liability of the Trust Fund.

2.7 CLAIMS PROCEDURE

          Claims for benefits under the Plan may be filed in writing with the
Administrator. Written notice of the disposition of a claim shall be furnished
to the claimant within 90 days after the application is filed. In the event the
claim is denied, the reasons for the denial shall be specifically set forth in
the notice in language calculated to be understood by the claimant, pertinent
provisions of the Plan shall be cited, and, where appropriate, an explanation as
to how the claimant can perfect the claim will be provided. In addition, the
claimant shall be furnished with an explanation of the Plan's claims review
procedure.

2.8 CLAIMS REVIEW PROCEDURE

          Any Employee, former Employee, or Beneficiary of either, who has been
denied a benefit by a decision of the Administrator pursuant to Section 2.7
shall be entitled to request the Administrator to give further consideration to
his claim by filing with the Administrator (on a form which may be obtained from
the Administrator) a request for a hearing. Such request, together with a
written statement of the reasons why the claimant believes his claim should be
allowed, shall be filed with the Administrator no later than 60 days after
receipt of the written notification provided for in Section 2.7. The
Administrator shall then conduct a hearing within the next 60 days, at which the
claimant may be represented by an attorney or any other representative of his
choosing and at which the claimant shall have an opportunity to submit written
and oral evidence and arguments in support of his claim. At the hearing (or
prior thereto upon 5 business days written notice to the Administrator) the
claimant or his representative shall have an opportunity to review all documents
in the possession of the Administrator which are pertinent to the claim at issue
and its disallowance. Either the claimant or the Administrator may cause a court
reporter to attend the hearing and record the proceedings. In such event, a
complete written transcript of the proceedings shall be furnished to both
parties by the court reporter. The full expense of any such court reporter and
such transcripts shall be borne by the party causing the court reporter to
attend the hearing. A final decision as to the allowance of the claim shall be
made by the Administrator within 60 days of receipt of the appeal (unless there
has been an extension of 60 days due to special circumstances, provided the

                                       24

<PAGE>

delay and the special circumstances occasioning it are communicated to the
claimant within the 60 day period). Such communication shall be written in a
manner calculated to be understood by the claimant and shall include specific
reasons for the decision and specific references to the pertinent Plan
provisions on which the decision is based.

                                   ARTICLE III
                                  ELIGIBILITY

3.1 CONDITIONS OF ELIGIBILITY

          Any Eligible Employee who has completed one (1) Year of Service and
has attained age 21 shall be eligible to participate hereunder as of the date he
has satisfied such requirements. However, any Employee who was a Participant in
the Plan prior to the effective date of this amendment and restatement shall
continue to participate in the Plan.

3.2 EFFECTIVE DATE OF PARTICIPATION

          An Eligible Employee shall become a Participant effective as of the
first day of the month coinciding with or next following the date on which such
Employee met the eligibility requirements of Section 3.1, provided said Employee
was still employed as of such date (or if not employed on such date, as of the
date of rehire if a 1-Year Break in Service has not occurred).

3.3 DETERMINATION OF ELIGIBILITY

          The Administrator shall determine the eligibility of each Employee for
participation in the Plan based upon information furnished by the Employer. Such
determination shall be conclusive and binding upon all persons, as long as the
same is made pursuant to the Plan and the Act. Such determination shall be
subject to review per Section 2.8.

3.4 TERMINATION OF ELIGIBILITY

               (a) In the event a Participant shall go from a classification of
          an Eligible Employee to an ineligible Employee, such Former
          Participant shall continue to vest in his Accrued Benefit under the
          Plan for each Year of Service completed while a noneligible employee,
          until such time as his Accrued Benefit shall be forfeited or
          distributed pursuant to the terms of the Plan.

                                       25

<PAGE>

               (b) In the event a Participant is no longer a member of an
          eligible class of Employees and becomes ineligible to participate,
          such Employee will participate immediately upon returning to an
          eligible class of Employees.

3.5 ELECTION NOT TO PARTICIPATE

          An Employee may, subject to the approval of the Employer, elect
voluntarily not to participate in the Plan. The election not to participate must
be communicated to the Employer, in writing, at least thirty (30) days before
the beginning of a Plan Year.

                                   ARTICLE IV
                           CONTRIBUTION AND VALUATION

4.1 PAYMENT OF CONTRIBUTIONS

          No contribution shall be required under the Plan from any Participant.
The Employer shall pay to the Trustee from time to time such amounts in cash as
the Administrator and Employer shall determine to be necessary to provide the
benefits under the Plan determined by the application of accepted actuarial
methods and assumptions. The method of funding shall be consistent with Plan
objectives.

4.2 ACTUARIAL METHODS

          In establishing the liabilities under the Plan and contributions
thereto, the enrolled actuary will use such methods and assumptions as will
reasonably reflect the cost of the benefits. The Plan assets are to be valued on
the last day of the Plan Year (or on any other date determined by the
Administrator) using any reasonable method of valuation that takes into account
fair market value pursuant to Regulations. There must be an actuarial valuation
of the Plan at least once every year.

4.3 TRANSFERS FROM QUALIFIED PLANS

               (a) With the consent of the Administrator, amounts may be
          transferred to this Plan from other qualified plans by Participants,
          provided that the trust from which such funds are transferred permits
          the transfer to be made and the transfer will not jeopardize the tax
          exempt status of the Plan or Trust or create adverse tax consequences
          for the Employer. The amounts transferred shall be considered an
          additional Accrued Benefit and set up in a separate

                                       26

<PAGE>

          account herein referred to as a "Participant's Rollover Account." Such
          account shall be fully Vested at all times and shall not be subject to
          Forfeiture for any reason.

               (b) Amounts in a Participant's Rollover Account shall be held by
          the Trustee pursuant to the provisions of this Plan and may not be
          withdrawn by, or distributed to the Participant, in whole or in part,
          except as provided in paragraphs (c) and (d) of this Section.

               (c) Except as permitted by Regulations (including Regulation
          1.411(d)-4), amounts attributable to elective contributions (as
          defined in Regulation 1.401(k)-1(g) (3)), including amounts treated
          as elective contributions, which are transferred from another
          qualified plan in a plan-to-plan transfer shall be subject to the
          distribution limitations provided for in Regulation 1.40l(k)-l(d).

               (d) At Normal Retirement Date, or such other date when the
          Participant or his Beneficiary shall be entitled to receive benefits,
          the fair market value of the Participant's Rollover Account shall be
          used to provide additional benefits to the Participant or his
          Beneficiary. Additionally, the Administrator, at the election of the
          Participant, shall direct the Trustee to distribute all or a portion
          of the amount credited to the Participant's Rollover Account (other
          than any direct or indirect transfers as that term is defined and
          interpreted under Code Section 401(a)(11) and the Regulations
          thereunder) from a defined benefit plan, money purchase plan
          (including a target benefit plan), stock bonus or profit sharing plan.
          Any distributions of amounts held in a Participant's Rollover Account
          shall be made in a manner which is consistent with and satisfies the
          provisions of Section 5.7, including, but not limited to, all notice
          and consent requirements of Code Sections 417 and 411(a)(11) and the
          Regulations thereunder. Furthermore, such amounts shall be considered
          as part of a Participant's benefit in determining whether an
          involuntary cash-out of benefits without Participant consent may be
          made.

               (e) The Administrator may direct that employee transfers made
          after a Valuation Date be segregated into a separate account for each
          Participant in a

                                       27

<PAGE>

          federally insured savings account, certificate of deposit in a bank or
          savings and loan association, money market certificate, or other short
          term debt security acceptable to the Trustee until such time as the
          allocations pursuant to this Plan have been made, at which time they
          may remain segregated or be invested as part of the general Trust
          Fund, to be determined by the Administrator.

               (f) For purposes of this Section, the term "qualified plan" shall
          mean any tax qualified plan under Code Section 401(a). The term
          "amounts transferred from other qualified plans" shall mean: (i)
          amounts transferred to this Plan directly from another qualified plan;
          (ii) distributions from another qualified plan which are eligible
          rollover distributions and which are either transferred by the
          Employee to this Plan within sixty (60) days following his receipt
          thereof or are transferred pursuant to a direct rollover; (iii)
          amounts transferred to this Plan from a conduit individual retirement
          account provided that the conduit individual retirement account has no
          assets other than assets which (A) were previously distributed to the
          Employee by another qualified plan as a lump-sum distribution (B) were
          eligible for tax-free rollover to a qualified plan and (C) were
          deposited in such conduit individual retirement account within sixty
          (60) days of receipt thereof and other than earnings on said assets;
          and (iv) amounts distributed to the Employee from a conduit individual
          retirement account meeting the requirements of clause (iii) above, and
          transferred by the Employee to this Plan within sixty (60) days of his
          receipt thereof from such conduit individual retirement account.

               (g) Prior to accepting any transfers to which this Section
          applies, the Administrator may require the Employee to establish that
          the amounts to be transferred to this Plan meet the requirements of
          this Section and may also require the Employee to provide an opinion
          of counsel satisfactory to the Employer that the amounts to be
          transferred meet the requirements of this Section.

               (h) Notwithstanding anything herein to the contrary, a transfer
          directly to this Plan from another qualified plan (or a transaction
          having the effect of such a transfer) shall only be permitted if

                                       28

<PAGE>

          it will not result in the elimination or reduction of any "Section
          411(d)(6) protected benefit" as described in Section 8.1.

                                    ARTICLE V
                                    BENEFITS

5.1 RETIREMENT BENEFITS

               (a) The amount of monthly retirement benefit to be provided for
          each Participant who retires on his Normal Retirement Date shall be
          equal to his Accrued Benefit (herein called his Normal Retirement
          Benefit). A Participant's Accrued Benefit is based on the greater of
          his Frozen Accrued Benefit and a retirement benefit formula equal to
          the sum of (1) and (2) reduced by (3) where: (1).9% of such
          Participant's Average Monthly Compensation multiplied by the
          Participant's total number of Years of Service, plus (2).5% of such
          Average Monthly Compensation in excess of one-twelfth of $10,000
          multiplied by the Participant's total number of Years of Service (up
          to a maximum of 40 years), minus (3) the Actuarial Equivalent benefit
          that can be provided by the Participant's Vested Account Balance
          attributable to Employer Contributions in the Community Bank ESOP Plan
          as of such Participant's Normal Retirement Date under this Plan,
          computed to the nearest cent.

                    No other qualified plan or simplified employee pension, as
          defined in Code Section 408(k), maintained by the Employer shall (1)
          impute disparity pursuant to Regulation 1.401(a)(4)-7 for any
          Participant and (2) provide for permitted disparity pursuant to Code
          Section 401(1). Additionally, the number of Years of Service taken
          into account for any Participant will not exceed the Participant's
          Cumulative Permitted Disparity Limit as defined in Section 1.43.

                    The "Normal Retirement Benefit" of each Participant shall
          not be less than the largest periodic benefit that would have been
          payable to the Participant upon separation from service at or prior to
          Normal Retirement Age under the Plan exclusive of social security
          supplements, premiums on disability or term insurance, and the value
          of disability benefits not in excess of the "Normal Retirement
          Benefit." For purposes of comparing periodic benefits in the same
          form, commencing prior to and at Normal Retirement Age, the greater
          benefit is determined by converting the benefit

                                       29

<PAGE>

          payable prior to Normal Retirement Age into the same form of annuity
          benefit payable at Normal Retirement Age and comparing the amount of
          such annuity payments. In the case of a Top Heavy Plan, the "Normal
          Retirement Benefit" shall not be smaller than the minimum benefit to
          which the Employee is entitled under Section 5.2.

               (b) A Participant may elect to retire on an Early Retirement
          Date. In the event that a Participant makes such an election, he shall
          be entitled to receive an Early Retirement Benefit equal to his
          Accrued Benefit payable at his Normal Retirement Date. However, if a
          Participant so elects, he may receive payment of an Early Retirement
          Benefit commencing on the first day of the month coinciding with or
          next following his Early Retirement Date, which Early Retirement
          Benefit shall equal the greater of (1) his Accrued Benefit reduced by
          l/15th for each of the first five (5) years and l/30th for each of the
          next five (5) years and reduced actuarially for each additional year
          thereafter that the first day of the month on which his Early
          Retirement Benefit commences precedes his Normal Retirement Date, or
          (2) the Actuarial Equivalent of his Accrued Benefit if such benefit is
          distributed in a form other than a nondecreasing life annuity payable
          for a period not less than the life of such Participant.

               (c) The Normal Retirement Benefit payable to a Participant
          pursuant to this Section 5.1 shall be a monthly pension commencing on
          his Retirement Date and continuing for life. However, the form of
          distribution of such benefit shall be determined pursuant to the
          provisions of Section 5.7.

               (d) At the request of a Participant he may be continued in
          employment beyond his Normal Retirement Date. In such event, no
          retirement benefit will be paid to the Participant until he actually
          retires, subject, however to any required minimum distributions
          pursuant to Section 5.7(e). At the close of each Plan Year (which
          begins after December 31, 1987) prior to his actual Retirement Date, a
          Participant shall be entitled to a retirement benefit equal to the
          greater of (1) the Actuarial Equivalent of the monthly retirement
          benefit such Participant was entitled to at the close of the prior
          Plan Year, or (2) his Accrued Benefit determined at the close of the
          Plan Year. The monthly retirement benefit calculated pursuant to this
          Section 5.1(d) shall be offset by the actuarial value (determined
          pursuant to

                                       30

<PAGE>

          Section 1.3) of the total benefit distributions (pursuant to Section
          5.7(e)) made by the close of the Plan Year.

               (e) If a Former Participant again becomes a Participant, such
          renewed participation shall not result in duplication of benefits.
          Accordingly, if he has received a distribution of a Vested Accrued
          Benefit under the Plan by reason of prior participation (and such
          distribution has not been repaid to the Plan with interest within a
          period of the earlier of 5 years after the first date on which the
          Participant is subsequently reemployed by the Employer or the close of
          the first period of 5 consecutive 1-Year Breaks in Service commencing
          after the distribution), his Accrued Benefit shall be reduced by the
          Actuarial Equivalent (at the date of distribution) of the Present
          Value of the Accrued Benefit as of the date of distribution. Any
          repayment by a Participant shall be equal to the total of:

               (1) the amount of the distribution,

               (2) interest on such distribution compounded annually at the rate
               of 5 percent per annum from the date of distribution to the date
               of repayment or to the last day of the first Plan Year ending on
               or after December 31, 1987, if earlier, and

               (3) interest on the sum of (1) and (2) above compounded annually
               at the rate of 120 percent of the federal mid-term rate (as in
               effect under Code Section 1274 for the first month of a Plan
               Year) from the beginning of the first Plan Year beginning after
               December 31, 1987 or the date of distribution, whichever is
               later, to the date of repayment.

5.2 MINIMUM BENEFIT REQUIREMENT FOR TOP HEAVY PLAN

               (a) The minimum Accrued Benefit derived from Employer
          contributions to be provided under this Section for each Non-Key
          Employee who is a Participant during a Top Heavy Plan Year shall equal
          the product of (1) one-twelfth (l/12th) of "415 Compensation" averaged
          over the five (5) consecutive "limitation years" (or actual number of
          "limitation years," if less) which produce the highest average, and
          (2) the lesser of (i) two percent (2%) multiplied by Plan Years of

                                       31

<PAGE>

          Service, or (ii) twenty percent (20%), expressed as a single life
          annuity.

               (b) For purposes of providing the minimum benefit under Code
          Section 416, a Non-Key Employee who is not a Participant solely
          because (1) his Compensation is below a stated amount or (2) he
          declined to make mandatory contributions (if required) to the Plan
          will be considered to be a Participant. Furthermore, such minimum
          benefit shall be provided regardless of whether such Non-Key Employee
          is employed on a specified date.

               (c) For purposes of this Section, Plan Years of Service for any
          Plan Year beginning before January 1, 1984, or for any Plan Year
          during which the Plan was not a Top Heavy Plan shall be disregarded.

               (d) For purposes of this Section, "415 Compensation" for any
          "limitation year" ending in a Plan Year which began prior to January
          1, 1984, subsequent to the last "limitation year" during which the
          Plan is a Top Heavy Plan, or in which the Participant failed to
          complete a Plan Year of Service, shall be disregarded.

               (e) For the purposes of this Section, "415 Compensation" shall be
          limited to $150,000. Such amount shall be adjusted for increases in
          the cost of living in accordance with Code Section 401(a)(17), except
          that the dollar increase in effect on January 1 of any calendar year
          shall be effective for the Calendar Year beginning with such calendar
          year. For any short Calendar Year the "415 Compensation" limit shall
          be an amount equal to the "415 Compensation" limit for the calendar
          year in which the Calendar Year begins multiplied by the ratio
          obtained by dividing the number of full months in the short Calendar
          Year by twelve (12).

               For purposes of this Section, if the determination of "415
          Compensation" is based on "415 Compensation" prior to the first day of
          the "limitation year" beginning after December 31, 1993, "415
          Compensation" in excess of $150,000 shall be disregarded.

               (f) If Section 5.1 (c) provides for the Normal Retirement Benefit
          to be paid in a form other than a single life annuity, the Accrued
          Benefit under this Section shall be the Actuarial Equivalent of the
          minimum Accrued Benefit under (a) above pursuant to Section 1.3.

                                       32

<PAGE>

               (g) If payment of the minimum Accrued Benefit commences at a date
          other than Normal Retirement Date, the minimum Accrued Benefit shall
          be the Actuarial Equivalent of the minimum Accrued Benefit commencing
          at Normal Retirement Date pursuant to Section 1.3.

               (h) For any Plan Year when (1) the Plan is a Top Heavy Plan but
          not a Super Top Heavy Plan and (2) a Key Employee is a Participant in
          both this Plan and a defined contribution plan included in a Required
          Aggregation Group which is top heavy, each Non-Key Employee who is a
          Participant shall receive a minimum Accrued Benefit by substituting
          three percent (3%) for two percent (2%) and thirty percent (30%) for
          twenty percent (20%) in (a) above.

               (i) If a Non-Key Employee participates in this Plan and a defined
          contribution plan included in a Required Aggregation Group which is
          top heavy, the minimum benefits shall be provided under this Plan.

               (j) To the extent required to be nonforfeitable under Section
          5.6, the minimum Accrued Benefit under this Section may not be
          forfeited under Code Section 411(a)(3)(B) or Code Section
          411(a)(3)(D).

5.3 PAYMENT OF RETIREMENT BENEFITS

          When a Participant retires, the Administrator shall immediately take
all necessary steps and execute all required documents to cause the payment to
him of his Accrued Benefit.

                                       33

<PAGE>

5.4 DISABILITY RETIREMENT BENEFITS

               (a) If a Participant becomes Totally and Permanently Disabled
          pursuant to Section 1.56 prior to retirement or separation from
          service, and such condition continues for a period of six (6)
          consecutive months and by reason thereof such Participant's status as
          an Employee ceases, then said disabled Participant shall be entitled
          to receive the Actuarial Equivalent of his Accrued Benefit (calculated
          without regard to Section 5.13). In the event of a Participant's Total
          and Permanent Disability, the Administrator shall direct the Trustee
          to commence payment of the benefits payable hereunder pursuant to the
          provisions of Sections 5.7 and 5.9 as though he had retired.

               (b) The benefit payable pursuant to (a) above shall be computed
          as of the Anniversary Date subsequent to termination of employment.

               (c) In the event of the Terminated Participant's Total and
          Permanent Disability subsequent to his termination of employment, the
          Terminated Participant (or his Beneficiary) shall receive the
          Actuarial Equivalent of such Terminated Participant's Vested Accrued
          Benefit pursuant to the provisions of Sections 5.7 and 5.9 as though
          he had retired.

5.5 DEATH BENEFITS

               (a) The death benefit provided under this Plan shall be the
          "minimum spouse's death benefit." In the case of an unmarried
          Participant or unmarried Former Participant who dies prior to his
          Retirement Date, no death benefits shall be payable under this Plan.

               (b) For the purposes of this Section, the "minimum spouse's death
          benefit" means a death benefit for a Vested married Participant
          payable in the form of a Pre-Retirement Survivor Annuity. Such annuity
          payments shall be equal to the amount which would be payable as a
          survivor annuity under the joint and survivor annuity provisions of
          the Plan if:

               (1) in the case of a Participant who dies after the Earliest
               Retirement Age, such Participant had retired with an immediate
               joint and survivor annuity on the day before the Participant's
               date of death, or

                                       34

<PAGE>

               (2) in the case of a Participant who dies on or before the
               Earliest Retirement Age, such Participant had:

                    (i) separated from service on the earlier of the actual time
                    of separation or the date of his death,

                    (ii) survived to the Earliest Retirement Age,

                    (iii)retired with an immediate joint and survivor annuity at
                    the Earliest Retirement Age based on his Vested Accrued
                    Benefit on his date of death, and

                    (iv) died on the day after the day on which said Participant
                    would have attained the Earliest Retirement Age.

               (c) Unless otherwise elected in the manner prescribed in Section
          5.8, the Beneficiary of the death benefit shall be the Participant's
          spouse, who shall receive such benefit in the form of a Pre-Retirement
          Survivor Annuity pursuant to Section 5.8. Except, however, the married
          Participant may designate a Beneficiary of his own choosing if the
          Participant and his spouse have validly waived the Pre-Retirement
          Survivor Annuity in the manner prescribed in Section 5.8 and the
          spouse has waived all rights to be the Participant's Beneficiary. No
          designation of any Beneficiary hereunder shall be recognized for a
          Participant who is not married at the time of his death.

5.6 TERMINATION OF EMPLOYMENT BEFORE RETIREMENT

               (a) Payment to a Former Participant of the Vested portion of his
          Accrued Benefit, unless he otherwise elects, shall begin not later
          than the 60th day after the close of the Plan Year in which the latest
          of the following events occurs: (1) the date on which the Participant
          attains the earlier of age 65 or the Normal Retirement Age specified
          herein; (2) the 10th anniversary of the year in which the Participant
          commenced participation in the Plan; or (3) the date the Participant
          terminates his service with the Employer.

                    However, the Administrator shall, at the election of the
          Participant, direct earlier payment of

                                       35

<PAGE>

          the Vested portion of the Participant's Accrued Benefit. Any
          distribution under this paragraph shall be made in a manner which is
          consistent with and satisfies the provisions of Section 5.7,
          including, but not limited to, notice and consent requirements of Code
          Sections 417 and 411(a)(11) and the Regulations thereunder.

                    However, the Administrator shall direct the earlier payment
          of the entire Vested portion of the Present Value of Accrued Benefit,
          but only if it does not exceed $5,000 ($3,500 for Plan Years beginning
          prior to August 6, 1997) and has never exceeded $5,000 ($3,500 for
          Plan Years beginning prior to August 6, 1997) at the time of any prior
          distribution.

                    That portion of a Terminated Participant's Accrued Benefit
          that is forfeited shall be used only to reduce future costs of the
          Plan at such time as it becomes a forfeiture.

                    That portion of a Terminated Participant's Accrued Benefit
          that is not Vested shall become a forfeiture on the last day of the
          Plan Year in which the Participant incurs five (5) consecutive 1-Year
          Breaks in Service.

               (b) The Vested portion of any Participant's Accrued Benefit shall
          be a percentage of such Participant's Accrued Benefit determined on
          the basis of the Participant's number of Years of Service according to
          the following schedule:

<TABLE>
<CAPTION>
       Vesting Schedule
-----------------------------
Years of Service   Percentage
----------------   ----------
<S>                <C>
   Less than 5          0%
        5             100%
</TABLE>

               (c) Notwithstanding the vesting provided for in paragraph (b)
          above, for any Top Heavy Plan Year, the Vested portion of the Accrued
          Benefit of any Participant who has an Hour of Service after the Plan
          becomes top heavy shall be a percentage of the Participant's Accrued
          Benefit determined on the basis of the Participant's number of Years
          of Service according to the following schedule:

                                       36

<PAGE>

<TABLE>
<CAPTION>
       Vesting Schedule
-----------------------------
Years of Service   Percentage
----------------   ----------
<S>                <C>
   Less than 3          0%
        3             100%
</TABLE>

                    If in any subsequent Plan Year, the Plan ceases to be a Top
          Heavy Plan, the Administrator shall revert to the vesting schedule in
          effect before this Plan became a Top Heavy Plan. Any such reversion
          shall be treated as a Plan amendment pursuant to the terms of the
          Plan.

               (d) Notwithstanding the vesting schedule above, the Vested
          percentage of a Participant's Accrued Benefit shall not be less than
          the Vested percentage attained as of the later of the effective date
          or adoption date of this amendment and restatement.

               (e) Notwithstanding the vesting schedule above, upon any full or
          partial termination of the Plan, an affected Participant shall become
          fully Vested in his Accrued Benefit (to the extent funded as of such
          date of termination) which shall not thereafter be subject to
          forfeiture.

               (f) The computation of a Participant's nonforfeitable percentage
          of his interest in the Plan shall not be reduced as the result of any
          direct or indirect amendment to this Plan. For this purpose, the Plan
          shall be treated as having been amended if the Plan provides for an
          automatic change in vesting due to a change in top heavy status. In
          the event that the Plan is amended to change or modify any vesting
          schedule, a Participant with at least three (3) Years of Service as of
          the expiration date of the election period may elect to have his
          nonforfeitable percentage computed under the Plan without regard to
          such amendment. If a Participant fails to make such election, then
          such Participant shall be subject to the new vesting schedule. The
          Participant's election period shall commence on the adoption date of
          the amendment and shall end 60 days after the latest of:

               (1) the adoption date of the amendment,

               (2) the effective date of the amendment, or.

                                       37

<PAGE>

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

               (g)(1) If any Terminated Participant shall be reemployed by the
          Employer before a 1-Year Break in Service occurs, he shall continue to
          participate in the Plan in the same manner as if such termination had
          not occurred.

               (2) If any Former Participant is reemployed after a 1-Year Break
               in Service has occurred, Years of Service shall include Years of
               Service prior to his 1-Year Break in Service subject to the
               following rules:

                    (i) If a Former Participant has a 1-Year Break in Service,
                    his pre-break and post-break service shall be used for
                    computing Years of Service for eligibility and for vesting
                    purposes only after he has been employed for one (1) Year of
                    Service following the date of his reemployment with the
                    Employer;

                    (ii) Any Former Participant who under the Plan does not have
                    a nonforfeitable right to any interest in the Plan resulting
                    from Employer contributions shall lose credits otherwise
                    allowable under (i) above if his consecutive 1-Year Breaks
                    in Service equal or exceed the greater of (A) five (5) or
                    (B) the aggregate number of his pre-break Years of Service;

                    (iii) If a Former Participant is reemployed by the Employer,
                    he shall participate in the Plan immediately on his date of
                    reemployment;

                    (iv) If a Former Participant (a 1-Year Break in Service
                    previously occurred, but employment had not terminated) is
                    credited with an Hour of Service after the first eligibility
                    computation period in which he incurs a 1-Year Break in
                    Service, he shall participate in the Plan immediately.

                                       38

<PAGE>

5.7 DISTRIBUTION OF BENEFITS

               (a) (1) Unless otherwise elected as provided below, a Participant
          who is married on the Annuity Starting Date and who does not die
          before the Annuity Starting Date shall receive the value of all of his
          benefits in the form of a joint and survivor annuity. The joint and
          survivor annuity is an annuity that commences immediately and shall be
          the Actuarial Equivalent of a single life annuity. Such joint and
          survivor benefits following the Participant's death shall continue to
          the spouse during the spouse's lifetime at a rate equal to 50% of the
          rate at which such benefits were payable to the Participant. This
          joint and 50% survivor annuity shall be considered the designated
          qualified joint and survivor annuity and automatic form of payment for
          the purposes of this Plan. An unmarried Participant shall receive the
          value of his benefit in the form of a life annuity. Such unmarried
          Participant, however, may elect in writing to waive the life annuity.
          The election must comply with the provisions of this Section as if it
          were an election to waive the joint and survivor annuity by a married
          Participant, but without the spousal consent requirement. The joint
          and survivor annuity and the life annuity form of distribution shall
          be the Actuarial Equivalent of the benefits due the Participant.

               (2) Any election to waive the joint and survivor annuity must be
               made by the Participant in writing during the election period and
               be consented to by the Participant's spouse. If the spouse is
               legally incompetent to give consent, the spouse's legal guardian,
               even if such guardian is the Participant, may give consent. Such
               election shall designate a Beneficiary (or a form of benefits)
               that may not be changed without spousal consent (unless the
               consent of the spouse expressly permits designations by the
               Participant without the requirement of further consent by the
               spouse). Such spouse's consent shall be irrevocable and must
               acknowledge the effect of such election and be witnessed by a
               Plan representative or a notary public. Such consent shall not be
               required if it is established to the satisfaction of the
               Administrator that the required consent cannot be obtained
               because there is no spouse, the spouse cannot be located, or
               other circumstances that may be prescribed by Regulations. The
               election made by the Participant and consented to by his spouse
               may be revoked by

                                       39

<PAGE>

               the Participant in writing without the consent of the spouse at
               any time during the election period. The number of revocations
               shall not be limited. Any-new election must comply with the
               requirements of this paragraph. A former spouse's waiver shall
               not be binding on a new spouse.

               (3) The election period to waive the joint and survivor annuity
               shall be the 90 day period ending on the Annuity Starting Date.

               (4) With regard to the election, the Administrator shall provide
               to the Participant no less than 30 days and no more than 90 days
               before the Annuity Starting Date a written explanation of:

                    (i) the terms and conditions of the joint and survivor
                    annuity,

                    (ii) the Participant's right to make, and the effect of, an
                    election to waive the joint and survivor annuity,

                    (iii)the right of the Participant's spouse to consent to any
                    election to waive the joint and survivor annuity, and

                    (iv) the right of the Participant to revoke such election,
                    and the effect of such revocation.

               (5) The Annuity Starting Date for a distribution in a form other
               than a qualified joint and survivor annuity may be less than 30
               days after receipt of the written explanation described above,
               provided that:

                    (i) the Administrator clearly informs the Participant that
                    the Participant has a right to a period of 30 days after
                    receiving the notice to consider whether to waive the joint
                    and survivor annuity and elect (with spousal consent) to a
                    form of distribution other than a joint and survivor
                    annuity,

                    (ii) the Participant is permitted to revoke an affirmative
                    distribution election at least until the Annuity Starting
                    Date, or, if later, at any time prior to the expiration of

                                       40

<PAGE>

                    the 7-day period that begins the day after the explanation
                    of the joint and survivor annuity is provided to the
                    Participant, and

                    (iii) the Annuity Starting Date is a date after the date
                    that the written explanation was provided to the
                    Participant.

                    Notwithstanding the above, the Annuity Starting Date may be
                    a date prior to the date the written explanation is provided
                    to the Participant if the distribution does not commence
                    until at least 30 days after such written explanation is
                    provided, subject to the waiver of the 30-day period as
                    provided for above.

               (b) In the event a married Participant duly elects pursuant to
          paragraph (a)(2) above not to receive his benefit in the form of a
          joint and survivor annuity, or if such Participant is not married, in
          the form of a life annuity, the Administrator, pursuant to the
          election of the Participant, shall direct the Trustee to distribute to
          a Participant or his Beneficiary an amount which is the Actuarial
          Equivalent of the monthly retirement benefit provided in Section
          5.1(c) in one or more of the following methods:

               (1) One lump-sum payment in cash.

               (2) Payments over a period certain in monthly, quarterly,
               semiannual, or annual cash installments. The period over which
               such payment is to be made shall not extend beyond the
               Participant's life expectancy (or the life expectancy of the
               Participant and his designated Beneficiary).

               (3) Monthly pension payable over the life of the Participant.

               (4) Reduced monthly pension payable over the life of the
               Participant, with the provision that, if a Retired Participant
               dies prior to the completion of 120 monthly payments, such
               monthly payments shall be continued to the Retired Participant's
               designated Beneficiary until the monthly payments made to the
               Retired Participant and to the Beneficiary shall total 120.

                                       41

<PAGE>

               (5) Reduced monthly pension payable over the life of the
               Participant and the life of his designated Beneficiary (50% joint
               and survivor annuity).

               However, any such annuity may not be in any form that will
               provide for payments over a period extending beyond either the
               life of the Participant (or the lives of the Participant and his
               designated Beneficiary) or the life expectancy of the Participant
               (or the life expectancy of the Participant and his designated
               Beneficiary).

               (c) The present value of a Participant's joint and survivor
          annuity derived from Employer and Employee contributions may not be
          paid without his written consent if the value exceeds, or has ever
          exceeded, $5,000 ($3,500 for Plan Years beginning prior to August 6,
          1997) at the time of any prior distribution. Further, the spouse of a
          Participant must consent in writing to any immediate distribution. Any
          written consent required by this Section 5.7(c) must be obtained not
          more than 90 days before commencement of the distribution and shall
          be made in a manner consistent with Section 5.7(a)(2). The present
          value in this regard shall be determined as provided in Section 1.47.

               If the value of the Participant's benefit derived from Employer
          and Employee contributions does not exceed $5,000 ($3,500 for Plan
          Years beginning prior to August 6, 1997) and has never exceeded $5,000
          ($3,500 for Plan Years beginning prior to August 6, 1997) at the time
          of any prior distribution, the Administrator may immediately
          distribute such benefit without such Participant's consent. No
          distribution may be made under the preceding sentence after the
          Annuity Starting Date unless the Participant and his spouse consent in
          writing to such distribution.

               (d) Any distribution to a Participant who has a benefit which
          exceeds, or has ever exceeded, $5,000 ($3,500 for Plan Years beginning
          prior to August 6, 1997) at the time of any prior distribution shall
          require such Participant's consent if such distribution commences
          prior to the later of his Normal Retirement Age or age 62. With regard
          to this required consent:

                    (1) No consent shall be valid unless the Participant has
                    received a general description of material features and an
                    explanation of the

                                       42

<PAGE>

               relative values of the optional forms of benefit available under
               the Plan that would satisfy the notice requirements of Code
               Section 417.

               (2) The Participant must be informed of his right to defer
               receipt of the distribution. If a Participant fails to consent,
               it shall be deemed an election to defer the commencement of
               payment of any benefit. However, any election to defer the
               receipt of benefits shall not apply with respect to distributions
               which are required under Section 5.7(e).

               (3) Notice of the rights specified under this paragraph shall be
               provided no less than 30 days and no more than 90 days before the
               Annuity Starting Date.

               Notwithstanding the above, the Annuity Starting Date may be a
               date prior to the date the explanation is provided to the
               Participant if the distribution does not commence until at least
               30 days after such explanation is provided, subject to the waiver
               of the 30-day period as provided for in Section 5.7(a)(5).

               (4) Consent of the Participant to the distribution must not be
               made before the Participant receives the notice and must not be
               made more than 90 days before the Annuity Starting Date.

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

               Any such distribution may commence less than 30 days, subject to
          Section 5.7(a)(5), after the notice required under Regulation
          1.411(a)-11(c) is given, provided that: (1) the Administrator clearly
          informs the Participant that the Participant has a right to a period
          of at least 30 days after receiving the notice to consider the
          decision of whether or not to elect a distribution (and, if
          applicable, a particular distribution option), and (2) the
          Participant, after receiving the notice, affirmatively elects a
          distribution.

                                       43
<PAGE>

               (e) Notwithstanding any provision in the Plan to the contrary,
          the distribution of a Participant's benefits, whether under the Plan
          or through the purchase of an annuity contract, shall be made in
          accordance with the following requirements and shall otherwise comply
          with Code Section 401(a)(9) and the Regulations thereunder (including
          Regulation 1.401(a) (9)-2), the provisions of which are incorporated
          herein by reference:

               (1) A Participant's benefits shall be distributed or must begin
               to be distributed to him not later than the April 1st of the
               calendar year following the calendar year in which the
               Participant attains age 70 1/2. Such distribution shall be equal
               to or greater than any required distribution.

               Alternatively, distributions to a Participant must begin no later
               than the applicable April 1st as determined under the preceding
               paragraph and must be made over the life of the Participant (or
               the lives of the Participant and the Participant's designated
               Beneficiary) or the life expectancy of the Participant (or the
               life expectancies of the Participant and his designated
               Beneficiary) in accordance with Regulations.

               (2) Distributions to a Participant and his Beneficiaries shall
               only be made in accordance with the incidental death benefit
               requirements of Code Section 401(a)(9)(G) and the Regulations
               thereunder.

               (f) For purposes of this Section, the life expectancy of a
          Participant and a Participant's spouse (other than in the case of a
          life annuity) may, at the election of the Participant or the
          Participant's spouse, be redetermined in accordance with Regulations.
          The election, once made, shall be irrevocable. If no election is made
          by the time distributions must commence, then the life expectancy of
          the Participant and the Participant's spouse shall not be subject to
          recalculation. Life expectancy and joint and last survivor expectancy
          shall be computed using the return multiples in Tables V and VI of
          Regulation 1.72-9.

               (g) Subject to the spouse's right of consent afforded under the
          Plan, the restrictions imposed by this Section shall not apply if a
          Participant has, prior

                                       44

<PAGE>

          to January 1, 1984, made a written designation to have his retirement
          benefit paid in an alternative method acceptable under Code Section
          401(a) as in effect prior to the enactment of the Tax Equity and
          Fiscal Responsibility Act of 1982.

               (h) With respect to distributions under the Plan made for
          calendar years beginning on or after the later of the Effective Date
          of this Plan or January 1, 2001, the Plan will apply the minimum
          distribution requirements of Section 401(a)(9) of the Internal Revenue
          Code in accordance with the regulations under Section 401(a)(9) that
          were proposed on January 17, 2001, notwithstanding any provision of
          the Plan to the contrary. This amendment shall continue in effect
          until the end of the last calendar year beginning before the effective
          date of final regulations under Section 401(a)(9) or such other date
          as may be specified in guidance published by the Internal Revenue
          Service.

               (i) All annuity Contracts under this Plan shall be
          non-transferable when distributed. Furthermore, the terms of any
          annuity Contract purchased and distributed to a Participant or spouse
          shall comply with all of the requirements of the Plan.

5.8 DISTRIBUTION OF BENEFITS UPON DEATH

               (a) Unless otherwise elected as provided below, a Vested
          Participant who dies before the Annuity Starting Date and who has a
          surviving spouse shall have his death benefit paid to his surviving
          spouse in the form of a Pre-Retirement Survivor Annuity. The
          Participant's spouse may direct that payment of the Pre-Retirement
          Survivor Annuity commence within a reasonable period after the
          Participants death (but not later than the month in which the
          Participant would have attained the Earliest Retirement Age under the
          Plan if the Participant dies on or before the Earliest Retirement
          Age). If the spouse does not so direct, payment of such benefit will
          commence at the time the Participant would have attained the later of
          his Normal Retirement Age or age 62. However, the spouse may elect a
          later commencement date, subject to the rules specified in Section
          5.8(g).

               (b) Any election to waive the Pre-Retirement Survivor Annuity
          before the Participant's death must be made by the Participant in
          writing during the election

                                       45
<PAGE>

          period and shall require the spouse's irrevocable consent in the same
          manner provided for in Section 5.7(a)(2). Further, the spouse's
          consent must acknowledge the specific nonspouse Beneficiary.
          Notwithstanding the foregoing, the nonspouse Beneficiary need not be
          acknowledged, provided the consent of the spouse acknowledges that the
          spouse has the right to limit consent only to a specific Beneficiary
          and that the spouse voluntarily elects to relinquish such right.

               (c) The election period to waive the Pre-Retirement Survivor
          Annuity shall begin on the first day of the Plan Year in which the
          Participant attains age 35 and end on the date of the Participant's
          death. An earlier waiver (with spousal consent) may be made provided a
          written explanation of the Pre-Retirement Survivor Annuity is given to
          the Participant and such waiver becomes invalid at the beginning of
          the Plan Year in which the Participant turns age 35. In the event a
          Vested Participant separates from service prior to the beginning of
          the election period, the election period shall begin on the date of
          such separation from service.

               (d) With regard to the election, the Administrator shall provide
          each Participant within the applicable period, with respect to such
          Participant (and consistent with Regulations), a written explanation
          of the Pre-Retirement Survivor Annuity containing comparable
          information to that required pursuant to Section 5.7(a)(4). For the
          purposes of this paragraph, the term "applicable period" means, with
          respect to a Participant, whichever of the following periods ends
          last:

               (1) The period beginning with the first day of the Plan Year in
               which the Participant attains age 32 and ending with the close of
               the Plan Year preceding the Plan Year in which the Participant
               attains age 35;

               (2) A reasonable period after the individual becomes a
               Participant;

               (3) A reasonable period ending after the Plan no longer fully
               subsidizes the cost of the Pre-Retirement Survivor Annuity with
               respect to the Participant;

                                       46

<PAGE>

               (4) A reasonable period ending after Code Section 401(a)(11)
               applies to the Participant; or

               (5) A reasonable period after separation from service in the case
               of a Participant who separates before attaining age 35. For this
               purpose, the Administrator must provide the explanation beginning
               one year before the separation from service and ending one year
               after such separation. If such a Participant thereafter returns
               to employment with the Employer, the applicable period for such
               Participant shall be redetermined.

                    For purposes of applying this Section 5.8(d), a reasonable
          period ending after the enumerated events described in paragraphs (2),
          (3) and (4) is the end of the two year period beginning one year
          prior to the date the applicable event occurs, and ending one year
          after that date.

               (e) If the present value of the Participant's death benefit
          derived from Employer and Employee contributions does not exceed
          $5,000 ($3,500 for Plan Years beginning prior to August 6, 1997) and
          has never exceeded $5,000 ($3,500 for Plan Years beginning prior to
          August 6, 1997) at the time of any prior distribution, the
          Administrator shall direct the immediate distribution of such amount
          to the Participant's Beneficiary. No distribution of the
          Pre-Retirement Survivor Annuity may be made under the preceding
          sentence after the annuity starting date unless the spouse consents in
          writing. The present value in this regard shall be determined as
          provided in Section 1.47.

                    If the value exceeds, or has ever exceeded, $5,000 ($3,500
          for Plan Years beginning prior to August 6, 1997) at the time of any
          prior distribution, an immediate distribution of the entire amount may
          be made to the Beneficiary, provided such Beneficiary consents in
          writing to such distribution. Any written consent required under this
          paragraph must be obtained not more than 90 days before commencement
          of the distribution and shall be made in a manner consistent with
          Section 5.7(a)(2).

               (f)(1) To the extent the death benefit is not paid in the form of
          a Pre-Retirement Survivor Annuity, it shall be paid to the
          Participant's Beneficiary by either

                                       47

<PAGE>

          of the following methods, as elected by the Participant (or if no
          election has been made prior to the Participant's death, by his
          Beneficiary), subject to the rules specified in Section 5.8(g):

                    (i) One lump-sum payment in cash.

                    (ii) Payment in monthly, quarterly, semi-annual, or annual
                    cash installments over a period to be determined by the
                    Participant or his Beneficiary. After periodic installments
                    commence, the Beneficiary shall have the right to direct the
                    Trustee to reduce the period over which such periodic
                    installments shall be made, and the Trustee shall adjust the
                    cash amount of such periodic installments accordingly.

                    (iii) Monthly pension payable over the life of the
                    Participant's Beneficiary.

               (2) In the event the death benefit payable pursuant to Section
               5.5 is payable in installments, then, upon the death of the
               Participant, the Administrator may direct the Trustee to
               segregate the death benefit into a separate account, and the
               Trustee shall invest such segregated account separately, and the
               funds accumulated in such account shall be used for the payment
               of the installments.

               (3) Notwithstanding the above, if the death benefit payable
               pursuant to Section 5.5 is payable in an annuity, payments shall
               be subject to the rules specified in Section 5.8 (g).

               (g) Notwithstanding any provision in the Plan to the contrary,
          distributions upon the death of a Participant shall be made in
          accordance with the following requirements and shall otherwise comply
          with Code Section 401(a)(9) and the Regulations thereunder. If it is
          determined pursuant to Regulations that the distribution of a
          Participant's interest has begun and the Participant dies before his
          entire interest has been distributed to him, the remaining portion of
          such interest shall be distributed at least as rapidly as under the
          method of distribution selected pursuant to Section 5.7 as of his date
          of death. If a Participant dies before he has begun to receive any
          distributions

                                       48

<PAGE>

          of his interest under the Plan or before distributions are deemed to
          have begun pursuant to Regulations, then his death benefit shall be
          distributed to his Beneficiaries by December 31st of the calendar year
          in which the fifth anniversary of his date of death occurs.

                    However, in the event that the Participant's spouse
          (determined as of the date of the Participant's death) is his
          Beneficiary, then in lieu of the preceding rules, distributions must
          be made over the life of the spouse (or over a period not extending
          beyond the life expectancy of the spouse) and must commence on or
          before the later of: (1) December 31st of the calendar year
          immediately following the calendar year in which the Participant died;
          or (2) December 31st of the calendar year in which the Participant
          would have attained age 70 1/2. If the surviving spouse dies before
          distributions to such spouse begin, then the 5-year distribution
          requirement of this Section shall apply as if the spouse was the
          Participant.

               (h) For purposes of this Section, the life expectancy of a
          Participant and a Participant's spouse (other than in the case of a
          life annuity) may, at the election of the Participant or the
          Participant's spouse, be redetermined in accordance with Regulations.
          The election, once made, shall be irrevocable. If no election is made
          by the time distributions must commence, then the life expectancy of
          the Participant and the Participant's spouse shall not be subject to
          recalculation. Life expectancy and joint and last survivor expectancy
          shall be computed using the return multiples in Tables V and VI of
          Regulation 1.72-9.

               (i) Subject to the spouse's right of consent afforded under the
          Plan, the restrictions imposed by this Section shall not apply if a
          Participant has, prior to January 1, 1984, made a written designation
          to have his death benefits paid in an alternative method acceptable
          under Code Section 401(a) as in effect prior to the enactment of the
          Tax Equity and Fiscal Responsibility Act of 1982.

5.9 TIME OF SEGREGATION OR DISTRIBUTION

          Except as limited by Sections 5.7 and 5.8, whenever the Trustee is to
make a distribution or to commence a series of payments the distribution or
series of payments may be made or

                                       49

<PAGE>

begun as soon as is practicable. However, unless a Former Participant elects in
writing to defer the receipt of benefits (such election may not result in a
death benefit that is more than incidental), the payment of benefits shall begin
not later than the 60th day after the close of the Plan Year in which the latest
of the following events occurs: (a) the date on which the Participant attains
the earlier of age 65 or the Normal Retirement Age specified herein; (b) the
10th anniversary of the year in which the Participant commenced participation in
the Plan; or (c) the date the Participant terminates his service with the
Employer.

          Notwithstanding the foregoing, the failure of a Participant and spouse
to consent to a distribution while any part of the Accrued Benefit could be
distributed before the Participant attains (or would have attained if not
deceased) the later of Normal Retirement Age or 62, shall be deemed to be an
election to defer commencement of payment of any benefit sufficient to satisfy
this Section.

5.10 DISTRIBUTION FOR MINOR BENEFICIARY

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

5.11 LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN

          In the event that all, or any portion, of the distribution payable to
a Participant or his Beneficiary hereunder shall, at the later of the
Participant's attainment of age 62 or his Normal Retirement Age, remain unpaid
solely by reason of the inability of the Administrator, after sending a
registered letter, return receipt requested, to the last known address, and
after further diligent effort, to ascertain the whereabouts of such Participant
or his Beneficiary, the amount so distributable shall be forfeited and shall be
used to reduce the cost of the Plan. In the event a Participant or Beneficiary
is located subsequent to his benefit being forfeited, such benefit shall be
restored unadjusted for earnings or losses.

                                       50

<PAGE>

5.12 EFFECT OF SOCIAL SECURITY ACT

          Benefits being paid to a Participant or Beneficiary under the terms of
the Plan may not be decreased by reason of any post-separation Social Security
benefit increases or by the increase of the Social Security wage base under
Title II of the Social Security Act. Benefits to which a Former Participant has
a Vested interest may not be decreased by reason of an increase in a benefit
level or wage base under Title II of the Social Security Act.

5.13 LIMITATIONS ON DISTRIBUTIONS

          In the event a Participant receives a distribution of his Vested
Accrued Benefit prior to his Normal Retirement Age (determined without regard to
any years of participation), the excess/offset percentage, whichever is
applicable in Section 5.1(a), shall be limited to .75/26.25%, whichever is
applicable, reduced l/15th for each of the first five (5) years and l/30th for
each of the next five (5) years and reduced actuarially for each additional year
thereafter that the date on which his benefit commences precedes his Social
Security Retirement Age. With respect to benefits commencing prior to the
Participant attaining age 55, the .75/26.25% shall be further reduced (on a
monthly basis to reflect the month in which benefits commence) to a percentage
that is the Actuarial Equivalent of the .75/26.25% (as reduced in accordance
with the preceding sentence) applicable to a benefit commencing in the month in
which the Participant attains age 55. For purposes of this paragraph, a benefit
commences on the first day of the period for which the benefit is paid.
Notwithstanding the above, if such benefit is distributed in a form other than a
nondecreasing life annuity payable for a period not less than the life of such
Participant and the Actuarial Equivalent of the Vested Accrued Benefit of such
Participant attributable to .75/26.25% is greater than the benefit calculated
above, such amount shall be the benefit limitation.

5.14 QUALIFIED DOMESTIC RELATIONS ORDER DISTRIBUTION

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

                                       51

<PAGE>

5.15 LIMITATION OF BENEFITS ON TERMINATION

               (a) Benefits distributed to any of the twenty-five (25) most
          highly compensated active and Highly Compensated Former Employees with
          the greatest compensation in the current or prior year are restricted
          such that the monthly payments are no greater than an amount equal to
          the monthly payment that would be made on behalf of such individual
          under a straight life annuity that is the Actuarial Equivalent of the
          sum of the individual's Accrued Benefit, the individual's other
          benefits under the Plan (other than a social security supplement
          within the meaning of Regulation 1.411(a)-7(c)(4)(ii)), and the amount
          the individual is entitled to receive under a social security
          supplement. However, the limitation of this Section 5.15 shall not
          apply if:

               (1) after payment of the benefit to an individual described
               above, the value of Plan assets equals or exceeds 110 percent of
               the value of current liabilities, as defined in Code Section
               412(1)(7);

               (2) the value of the benefits for an individual described above
               is less than 1 percent of the value of current liabilities before
               distribution; or

               (3) the value of the benefits payable under the Plan to an
               individual described above does not exceed $5,000 ($3,500 for
               Plan Years beginning prior to August 6, 1997).

               (b) For purposes of this Section, benefit includes any periodic
          income, any withdrawal values payable to a living Participant, and any
          death benefits not provided for by insurance on the individual's life.

               (c) An individual's otherwise restricted benefit may be
          distributed in full to the affected individual if, prior to receipt of
          the restricted amount, the individual enters into a written agreement
          with the Administrator to secure repayment to the Plan of the
          restricted amount. The restricted amount is the excess of the amounts
          distributed to the individual (accumulated with reasonable interest)
          over the amounts that could have been distributed to the individual
          under the straight life annuity described above (accumulated

                                       52

<PAGE>

          with reasonable interest). The individual may secure repayment of the
          restricted amount upon distribution by:

               (1) entering into an agreement for promptly depositing in escrow
               with an acceptable depositary, property having a fair market
               value equal to at least 125 percent of the restricted amount;

               (2) providing a bank letter of credit in an amount equal to at
               least 100 percent of the restricted amount; or

               (3) posting a bond equal to at least 100 percent of the
               restricted amount. The bond must be furnished by an insurance
               company, bonding company or other surety for federal bonds.

               (d) The escrow arrangement may permit an individual to withdraw
          from escrow amounts in excess of 125 percent of the restricted amount.
          If the market value of the property in an escrow account falls below
          110 percent of the remaining restricted amount, the individual must
          deposit additional property to bring the value of the property held by
          the depositary up to 125 percent of the restricted amount. The escrow
          arrangement may provide that the individual has the right to receive
          any income from the property placed in escrow, subject to the
          individual's obligation to deposit additional property, as set forth
          in the preceding sentence.

               (e) A surety or bank may release any liability on a bond or
          letter of credit in excess of 100 percent of the restricted amount.

               (f) If the Administrator certifies to the depositary, surety or
          bank that the individual (or the individual's estate) is no longer
          obligated to repay any restricted amount, a depositary may deliver to
          the individual any property held under an escrow arrangement, and a
          surety or bank may release any liability on an individual's bond or
          letter of credit.

5.16 ELIMINATION OF LOOKBACK RULE

          Notwithstanding anything in this Article to the contrary, the
"lookback rule" (the "lookback rule" provides that for purposes of determining
whether a distribution may be made without consent, if the value at the time of
a prior distribution exceeded the applicable dollar threshold (e.g.,

                                       53

<PAGE>

$5,000) then the value at any subsequent time is deemed to exceed the threshold)
will not apply to any distributions made on or after October 17, 2000.

                                   ARTICLE VI
                          CODE SECTION 415 LIMITATIONS

6.1 ANNUAL BENEFIT

          For purposes of this Article, effective with the first day of the
first "limitation year" beginning after December 31, 1994, "annual benefit"
means the benefit payable annually under the terms of the Plan (exclusive of any
benefit not required to be considered for purposes of applying the limitations
of Code Section 415 to the Plan) payable in the form of a straight life annuity
with no ancillary benefits. If the benefit under the Plan is payable in any
other form, the "annual benefit" shall be adjusted to the equivalent of a
straight life annuity pursuant to Section 6.3(c). Notwithstanding the foregoing,
with respect to the Code Section 415 limitations prior to the effective date of
this Article VI, the Old Law Benefit shall be determined on the basis of Code
Section 415(b)(2)(E) as in effect on December 7, 1994.

6.2 MAXIMUM ANNUAL BENEFIT

               (a) Notwithstanding the foregoing and subject to the exceptions
          below, the maximum "annual benefit" payable to a Participant under
          this Plan in any "limitation year" shall equal the lesser of: (1)
          $90,000, or (2) one hundred percent (100%) of the Participant's "415
          Compensation" averaged over the three consecutive "limitation years"
          (or actual number of "limitation years" for Employees who have been
          employed for less than three consecutive "limitation years") during
          which the Employee had the greatest aggregate "415 Compensation" from
          the Employer.

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

               (c) Notwithstanding anything in this Article to the contrary, if
          the Plan was in existence on May 6, 1986, and had complied at all
          times with the requirements of Code Section 415, the maximum "annual
          benefit" for any individual who is a Participant as of the first day
          of the "limitation year" beginning after December 31, 1986, shall not
          be less than the "current

                                       54

<PAGE>

          accrued benefit." "Current accrued benefit" shall mean a
          Participant's Accrued Benefit under the Plan, determined as if the
          Participant had separated from service as of the close of the last
          "limitation year" beginning before January 1, 1987, when expressed as
          an annual benefit within the meaning of Code Section 415(b)(2). In
          determining the amount of a Participant's "current accrued benefit,"
          the following shall be disregarded: (1) any change in the terms and
          conditions of the Plan after May 5, 1986; and (2) any cost of living
          adjustment occurring after May 5, 1986.

               (d) The dollar limitation under Code Section 415(b)(1)(A) stated
          in paragraph (a)(1) above shall be adjusted annually as provided in
          Code Section 415(d) pursuant to the Regulations. The adjusted
          limitation is effective as of January 1st of each calendar year and is
          applicable to "limitation years" ending with or within that calendar
          year.

               (e) The limitation stated in paragraph (a)(2) above for
          Participants who have separated from service with a non-forfeitable
          right to an Accrued Benefit shall be adjusted annually as provided in
          Code Section 415(d) pursuant to the Regulations.

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

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

               (h) For the purpose of this Article, if this Plan is a Code
          Section 413(c) plan, each Employer who maintains this Plan will be
          considered to be a single Employer.

                                       55

<PAGE>

6.3 ADJUSTMENTS TO ANNUAL BENEFIT AND LIMITATIONS

               (a) If the "annual benefit" begins before the Participant's
          Social Security Retirement Age, but on or after age 62, the $90,000
          limitation shall be reduced by: (1) in the case of a Participant whose
          Social Security Retirement Age is 65, 5/9 of 1% for each month by
          which benefits commence before the month in which the Participant
          attains age 65, or (2) in the case of a Participant whose Social
          Security Retirement Age is greater than 65, 5/9 of 1% for each of the
          first 36 months and 5/12 of 1% for each additional month (up to 24) by
          which benefits commence before the month in which the Participant
          attains his Social Security Retirement Age. If the "annual benefit"
          begins before age 62, the $90,000 limitation shall be the actuarial
          equivalent of the Participant's limitation for benefits commencing at
          age 62, reduced for each month by which benefits commence before the
          month in which the Participant attains age 62.

               In order to determine actuarial equivalence for this purpose, the
          lesser of the equivalent amount computed using the Plan interest rate
          and Plan mortality table (or other tabular factor) and the amount
          computed using five percent (5%) interest and the "Applicable
          Mortality Table" shall be used. The mortality decrement shall be
          ignored to the extent that a forfeiture does not occur at death.

               (b) If the "annual benefit" begins after the Participant's Social
          Security Retirement Age (or for Plan Years beginning prior to January
          1, 1987, age 65) the $90,000 limitation shall be increased so that it
          is the actuarial equivalent of the $90,000 limitation at the
          Participant's Social Security Retirement Age (or for Plan Years
          beginning prior to January 1, 1987, age 65). In order to determine
          actuarial equivalence for this purpose, the lesser of the equivalent
          amount computed using the Plan interest rate and Plan mortality table
          (or other tabular factor) used for actuarial equivalence for late
          retirement benefits under the Plan and the equivalent annual amount
          computed using five percent (5%) and the "Applicable Mortality Table"
          shall be used. The mortality decrement shall be ignored to the extent
          that a forfeiture does not occur at death.

                                       56

<PAGE>

               (c) For purposes of adjusting the "annual benefit" to a straight
          life annuity, the equivalent "annual benefit" shall be the greater of
          the equivalent "annual benefit" computed using the Plan interest rate
          and Plan mortality table (or other tabular factor) and the equivalent
          "annual benefit" computed using five percent (5%) interest rate
          assumption and the "Applicable Mortality Table." If the "annual
          benefit" is paid in a form other than a nondecreasing life annuity
          payable for a period not less than the life of a Participant or, in
          the case of a Pre-Retirement Survivor Annuity, the life of the
          surviving spouse, the "Applicable Interest Rate" shall be substituted
          for five percent (5%) in the preceding sentence.

               (d) For purposes of Sections 6.1, 6.3(a) and 6.3(b), no
          adjustments under Code Section 415(d) shall be taken into account
          before the "limitation year" for which such adjustment first takes
          effect.

               (e) For purposes of Section 6.1, no adjustment is required for
          qualified joint and survivor annuity benefits, pre-retirement death
          benefits and post-retirement medical benefits.

               (f) Notwithstanding the foregoing, if the benefit is not payable
          in the form of an annual benefit within the meaning of Code Section
          415(b)(2)(A), the equivalent annual benefit determined in Section
          6.3(c) is computed separately with respect to the Old Law Benefit (not
          to exceed the total Plan benefit) and the portion of the total Plan
          benefit that exceeds the Old Law Benefit. The determination of the
          annual benefit that is equivalent to the portion of the Plan benefit
          that is in excess of the Old Law Benefit must reflect the changes made
          by section 1449(b) of the Small Business Job Protection Act of 1996 to
          Code Section 415(b)(2)(E) as provided in Section 6.3(c). The results
          of these two separate computations are added together to determine the
          equivalent annual benefit.

6.4 ANNUAL BENEFIT NOT IN EXCESS OF $10,000

          This Plan may pay an "annual benefit" to any Participant in excess of
his maximum "annual benefit" if the "annual benefit" derived from Employer
contributions under this Plan and all other defined benefit plans maintained by
the

                                       57

<PAGE>

Employer does not in the aggregate exceed $10,000 for the "limitation year" or
for any prior "limitation year" and the Employer has not at any time maintained
a defined contribution plan in which the Participant participated. For purposes
of this paragraph, if this Plan provides for voluntary or mandatory Employee
contributions, such contributions will not be considered a separate defined
contribution plan maintained by the Employer.

6.5 PARTICIPATION OR SERVICE REDUCTIONS

          If a Participant has less than ten (10) years of participation in the
Plan at the time he begins to receive benefits under the Plan, the limitations
in Sections 6.2(a)(1) and 6.3 shall be reduced by multiplying such limitations
by a fraction (a) the numerator of which is the number of years of participation
(or part thereof) in the Plan and (b) the denominator of which is ten (10),
provided, however, that said fraction shall in no event be less than 1/1Oth. The
limitations of Sections 6.2(a)(2) and 6.4 shall be reduced in the same manner
except the preceding sentence shall be applied with respect to years of service
with the Employer rather than years of participation in the Plan.

6.6 MULTIPLE PLAN REDUCTION

               (a) If an Employee is (or has been) a Participant in one or more
          defined benefit plans and one or more defined contribution plans
          maintained by the Employer, the sum of the defined benefit plan
          fraction and the defined contribution plan fraction for any
          "limitation year" may not exceed 1.0.

               (b) The defined benefit plan fraction for any "limitation year"
          is a fraction, the numerator of which is the sum of the Participant's
          projected annual benefits under all the defined benefit plans (whether
          or not terminated) maintained by the Employer, and the denominator of
          which is the lesser of 125 percent of the dollar limitation determined
          for the "limitation year" under Code Sections 415(b) and (d) or 140
          percent of the highest average compensation, including any adjustments
          under Code Section 415(b).

                    Notwithstanding the above, if the Participant was a
          Participant as of the first day of the first "limitation year"
          beginning after December 31, 1986, in one or more defined benefit
          plans maintained by the Employer which were in

                                       58

<PAGE>

          existence on May 6, 1986, the denominator of this fraction will not be
          less than 125 percent of the sum of the annual benefits under such
          plans which the Participant had accrued as of the close of the last
          "limitation year" beginning before January 1, 1987, disregarding any
          changes in the terms and conditions of the plan after May 5, 1986. The
          preceding sentence applies only if the defined benefit plans
          individually and in the aggregate satisfied the requirements of Code
          Section 415 for all "limitation years" beginning before January 1,
          1987.

               (c)(1) The defined contribution plan fraction for any "limitation
          year" is a fraction, the numerator of which is the sum of the annual
          additions to the Participant's Account under all the defined
          contribution plans (whether or not terminated) maintained by the
          Employer for the current and all prior "limitation years" (including
          the annual additions attributable to the Participant's nondeductible
          Employee contributions to all defined benefit plans, whether or not
          terminated, maintained by the Employer, and the annual additions
          attributable to all welfare benefit funds, as defined in Code Section
          419(e), and individual medical accounts, as defined in Code Section
          415(1)(2), maintained by the Employer), and the denominator of which
          is the sum of the maximum aggregate amounts for the current and all
          prior "limitation years" of service with the Employer (regardless of
          whether a defined contribution plan was maintained by the Employer).
          The maximum aggregate amount in any "limitation year" is the lesser of
          125 percent of the dollar limitation determined under Code Sections
          415(b) and (d) in effect under Code Section 415 (c)(1)(A) or 35
          percent of the Participant's Compensation for such year.

                    If the Employee was a Participant as of the end of the first
          day of the first "limitation year" beginning after December 31, 1986,
          in one or more defined contribution plans maintained by the Employer
          which were in existence on May 6, 1986, the numerator of this fraction
          will be adjusted if the sum of this fraction and the defined benefit
          fraction would otherwise exceed 1.0 under the terms of this Plan.
          Under the adjustment, an amount equal to the product of (1) the excess
          of the sum of the fractions over 1.0 times (2) the denominator of this
          fraction, will be permanently subtracted from the numerator of this

                                       59

<PAGE>

          fraction. The adjustment is calculated using the fractions as they
          would be computed as of the end of the last "limitation year"
          beginning before January 1, 1987, and disregarding any changes in the
          terms and conditions of the Plan made after May 5, 1986, but using the
          Code Section 415 limitation applicable to the first "limitation year"
          beginning on or after January 1, 1987. The annual addition for any
          "limitation year" beginning before January 1, 1987 shall not be
          recomputed to treat all Employee contributions as annual additions.

               (2) For purposes of this Article, the term "participant's
               account" shall mean the account established and maintained by the
               Administrator for each Participant with respect to his total
               interest in the defined contribution plan maintained by the
               Employer resulting from "annual additions."

               (3) For purposes of this Article, the term "annual additions"
               shall mean the sum credited to a "participant's account" for any
               "limitation year" of (A) Employer contributions, (B) Employee
               contributions, (C) forfeitures, (D) amounts allocated after March
               31, 1984, to an individual medical account, as defined in Code
               Section 415(1)(2) which is part of a pension or annuity plan
               maintained by the Employer, and (E) amounts derived from
               contributions paid or accrued after December 31, 1985, in taxable
               years ending after such date, which are attributable to
               post-retirement medical benefits allocated to the separate
               account of a key employee (as defined in Code Section 419A(d)(3))
               under a welfare benefit plan (as defined in Code Section 419 (e))
               maintained by the Employer. Except, however, the percentage
               limitation referred to in (4)(B) below shall not apply to: (1)
               any contribution for medical benefits (within the meaning of Code
               Section 419A(f)(2)) after separation from service which is
               otherwise treated as an "annual addition," or (2) any amount
               otherwise treated as an "annual addition" under Code Section
               415(1)(1). Notwithstanding the foregoing, for "limitation years"
               beginning prior to January 1, 1987, only that portion of Employee
               contributions equal to the lesser of Employee contributions in
               excess of six percent (6%) of

                                       60

<PAGE>

               "415 Compensation" or one-half of Employee contributions shall be
               considered an "annual addition."

               (4) If, as a result of a reasonable error in estimating a
               Participant's compensation or other facts and circumstances to
               which Regulation 1.415-6(b)(6) shall be applicable, voluntary
               employee contributions for the "limitation year" would cause the
               "annual additions" credited to a "participant's account" to
               exceed the lesser of (A) $30,000 adjusted annually as provided in
               Code Section 415(d) pursuant to the Regulations, or (B)
               twenty-five percent (25%) of the Participant's "415 Compensation"
               for such limitation year, the Administrator shall', pursuant to
               Regulation 1.415-6(b)(6)(iv), return such voluntary employee
               contributions and distribute any gains attributable to such
               voluntary employee contributions to the Participant to the extent
               necessary so that "annual additions" for the "limitation year" do
               not exceed the lesser of (A) or (B).

               (d) Notwithstanding the foregoing, for any "limitation year" in
          which the Plan is a Super Top Heavy Plan, 100 percent shall be
          substituted for 125 percent in Sections 6.6(b) and 6.6(c)(l).

               (e) If the sum of the defined benefit plan fraction and the
          defined contribution plan fraction shall exceed 1.0 in any "limitation
          year" for any Participant in this Plan, the Administrator shall adjust
          the numerator of the defined benefit plan fraction so that the sum of
          both fractions shall not exceed 1.0 in any "limitation year" for such
          Participant.

               (f) The provisions of this Section 6.6 shall apply to "limitation
          years" beginning prior to the first day of the first "limitation year"
          beginning after December 31, 1999.

6.7 INCORPORATION BY REFERENCE

          Notwithstanding anything contained in this Article to the contrary,
the limitations, adjustments and other requirements prescribed in this Article
shall at all times comply with the provisions of Code Section 415 and the

                                       61

<PAGE>

Regulations thereunder, the terms of which are specifically incorporated herein
by reference.

                                   ARTICLE VII
                                     TRUSTEE

7.1 BASIC RESPONSIBILITIES OF THE TRUSTEE

               (a) The Trustee shall have the following categories of
          responsibilities:

               (1) Consistent with the "funding policy and method" determined by
               the Employer, to invest, manage, and control the Plan assets
               subject, however, to the direction of the Employer or an
               Investment Manager if the Trustee should' appoint such manager as
               to all or a portion of the assets of the Plan;

               (2) At the direction of the Administrator, to pay benefits
               required under the Plan to be paid to Participants, or, in the
               event of their death, to their Beneficiaries; and

               (3) To maintain records of receipts and disbursements and furnish
               to the Employer and/or Administrator for each Plan Year a written
               annual report per Section 7.6.

               (b) In the event that the Trustee shall be directed by the
          Employer, or an Investment Manager with respect to the investment of
          any or all Plan assets, the Trustee shall have no liability with
          respect to the investment of such assets, but shall be responsible
          only to execute such investment instructions as so directed.

               (1) The Trustee shall be entitled to rely fully on the written
               instructions of the Employer, or any Fiduciary or nonfiduciary
               agent of the Employer, in the discharge of such duties, and shall
               not be liable for any loss or other liability, resulting from
               such direction (or lack of direction) of the investment of any
               part of the Plan assets.

               (2) The Trustee may delegate the duty to execute such
               instructions to any nonfiduciary agent,

                                       62

<PAGE>

               which may be an affiliate of the Trustee or any Plan
               representative.

               (c) If there shall be more than one Trustee, they shall act by a
          majority of their number, but may authorize one or more of them to
          sign papers on their behalf.

7.2  INVESTMENT POWERS AND DUTIES OF THE TRUSTEE

               (a) The Trustee shall invest and reinvest the Trust Fund to keep
          the Trust Fund invested without distinction between principal and
          income and in such securities or property, real or personal, wherever
          situated, as the Trustee shall deem advisable, including, but not
          limited to, stocks, common or preferred, bonds and other evidences of
          indebtedness or ownership, and real estate or any interest therein.
          The Trustee shall at all times in making investments of the Trust Fund
          consider, among other factors, the short and long-term financial needs
          of the Plan on the basis of information furnished by the Employer. In
          making such investments, the Trustee shall not be restricted to
          securities or other property of the character expressly authorized by
          the applicable law for trust investments; however, the Trustee shall
          give due regard to any limitations imposed by the Code or the Act so
          that at all times the Plan may qualify as a qualified Pension Plan and
          Trust.

               (b) The Trustee may employ a bank or trust company pursuant to
          the terms of its usual and customary bank agency agreement, under
          which the duties of such bank or trust company shall be of a
          custodial, clerical and record-keeping nature.

               (c) The Trustee may from time to time transfer to a common,
          collective, pooled trust fund or money market fund maintained by any
          corporate Trustee or affiliate thereof hereunder, all or such part of
          the Trust Fund as the Trustee may deem advisable, and such part or all
          of the Trust Fund so transferred shall be subject to all the terms and
          provisions of the common, collective, pooled trust fund or money
          market fund which contemplate the commingling for investment purposes
          of such trust assets with trust assets of other trusts. The Trustee
          may transfer, any part of the Trust Fund intended for temporary
          investment of cash balances to a money market fund maintained by

                                       63

<PAGE>

          Community Bank or its affiliates. The Trustee may, from time to time,
          withdraw from such common, collective, pooled trust fund or money
          market fund all or such part of the Trust Fund as the Trustee may deem
          advisable.

7.3 OTHER POWERS OF THE TRUSTEE

          The Trustee, in addition to all powers and authorities under common
law, statutory authority, including the Act, and other provisions of the Plan,
shall have the following powers and authorities, to be exercised in the
Trustee's sole discretion:

               (a) To purchase, or subscribe for, any securities or other
          property and to retain the same. In conjunction with the purchase of
          securities, margin accounts may be opened and maintained;

               (b) To sell, exchange, convey, transfer, grant options to
          purchase, or otherwise dispose of any securities or other property
          held by the Trustee, by private contract or at public auction. No
          person dealing with the Trustee shall be bound to see to the
          application of the purchase money or to inquire into the validity,
          expediency, or propriety of any such sale or other disposition, with
          or without advertisement;

               (c) To vote upon any stocks, bonds, or other securities; to give
          general or special proxies or powers of attorney with or without power
          of substitution; to exercise any conversion privileges, subscription
          rights or other options, and to make any payments incidental thereto;
          to oppose, or to consent to, or otherwise participate in, corporate
          reorganizations or other changes affecting corporate securities, and
          to delegate discretionary powers, and to pay any assessments or
          charges in connection therewith; and generally to exercise any of the
          powers of an owner with respect to stocks, bonds, securities, or other
          property. However, the Trustee shall not vote proxies relating to
          securities for which it has not been assigned full investment
          management responsibilities. In those cases where another party has
          such investment authority or discretion, the Trustee will deliver all
          proxies to said party who will then have full responsibility for
          voting those proxies;

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<PAGE>

               (d) To cause any securities or other property to be registered in
          the Trustee's own name or in the name of one or more of the Trustee's
          nominees, and to hold any investments in bearer form, but the books
          and records of the Trustee shall at all times show that all such
          investments are part of the Trust Fund;

               (e) To borrow or raise money for the purposes of the Plan in such
          amount, and upon such terms and conditions, as the Trustee shall deem
          advisable; and for any sum so borrowed, to issue a promissory note as
          Trustee, and to secure the repayment thereof by pledging all, or any
          part, of the Trust Fund; and no person lending money to the Trustee
          shall be bound to see to the application of the money lent or to
          inquire into the validity, expediency, or propriety of any borrowing;

               (f) To keep such portion of the Trust Fund in cash or cash
          balances as the Trustee may, from time to time, deem to be in the best
          interests of the Plan, without liability for interest thereon;

               (g) To accept and retain for such time as the Trustee may deem
          advisable any securities or other property received or acquired as
          Trustee hereunder, whether or not such securities or other property
          would normally be purchased as investments hereunder;

               (h) To make, execute, acknowledge, and deliver any and all
          documents of transfer and conveyance and any and all other instruments
          that may be necessary or appropriate to carry out the powers herein
          granted;

               (i) To settle, compromise, or submit to arbitration any claims,
          debts, or damages due or owing to or from the Plan, to commence or
          defend suits or legal or administrative proceedings, and to represent
          the Plan in all suits and legal and administrative proceedings;

               (j) To employ suitable agents and counsel and to pay their
          reasonable expenses and compensation, and such agent or counsel may or
          may not be agent or counsel for the Employer;

               (k) To apply for and procure from responsible insurance
          companies, to be selected by the

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<PAGE>

          Administrator, as an investment of the Trust Fund such annuity, or
          other Contracts (on the life of any Participant) as the Administrator
          shall deem proper; to exercise, at any time or from time to time,
          whatever rights and privileges may be granted under such annuity, or
          other Contracts; to collect, receive, and settle for the proceeds of
          all such annuity or other Contracts as and when entitled to do so
          under the provisions thereof;

               (l) To invest funds of the Trust in time deposits or savings
          accounts bearing a reasonable rate of interest in the Trustee's bank;

               (m) To invest in Treasury Bills and other forms of United States
          government obligations;

               (n) To invest in shares of investment companies registered under
          the Investment Company Act of 1940, including any money market fund
          advised by or offered through Community Bank;

               (o) To sell, purchase and acquire put or call options if the
          options are traded on and purchased through a national securities
          exchange registered under the Securities Exchange Act of 1934, as
          amended, or, if the options are not traded on a national securities
          exchange, are guaranteed by a member firm of the New York Stock
          Exchange;

               (p) To deposit monies in federally insured savings accounts or
          certificates of deposit in banks or savings and loan associations;

               (q) To pool all or any of the Trust Fund, from time to time, with
          assets belonging to any other qualified employee pension benefit trust
          created by the Employer or an affiliated company of the Employer, and
          to commingle such assets and make joint or common investments and
          carry joint accounts on behalf of this Plan and such other trust or
          trusts, allocating undivided shares or interests in such investments
          or accounts or any pooled assets of the two or more trusts in
          accordance with their respective interests;

               (r) To do all such acts and exercise all such rights and
          privileges, although not specifically mentioned herein, as the Trustee
          may deem necessary to carry out the purposes of the Plan.

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<PAGE>

7.4 DUTIES OF THE TRUSTEE REGARDING PAYMENTS

          At the direction of the Administrator, the Trustee shall, from time to
time, in accordance with the terms of the Plan, make payments out of the Trust
Fund. The Trustee shall not be responsible in any way for the application of
such payments.

7.5 TRUSTEE'S COMPENSATION AND EXPENSES AND TAXES

          The Trustee shall be paid such reasonable compensation as shall from
time to time be agreed upon in writing by the Employer and the Trustee. An
individual serving as Trustee who already receives full-time pay from the
Employer shall not receive compensation from the Plan. In addition, the Trustee
shall be reimbursed for any reasonable expenses, including reasonable counsel
fees incurred by it as Trustee. Such compensation and expenses shall be paid
from the Trust Fund unless paid or advanced by the Employer. All taxes of any
kind and all kinds whatsoever that may be levied or assessed under existing or
future laws upon, or in respect of, the Trust Fund or the income thereof, shall
be paid from the Trust Fund.

7.6 ANNUAL REPORT OF THE TRUSTEE

          Within a reasonable period of time after the later of the Anniversary
Date or receipt of the Employer contribution for each Plan Year, the Trustee
shall furnish to the Employer and Administrator a written statement of account
with respect to the Plan Year for which such contribution was made setting
forth:

               (a) the net income, or loss, of the Trust Fund;

               (b) the gains, or losses, realized by the Trust Fund upon sales
          or other disposition of the assets;

               (c) the increase, or decrease, in the value of the Trust Fund;

               (d) all payments and distributions made from the Trust Fund; and

               (e) such further information as the Trustee and/or Administrator
          deems appropriate. The Employer, forthwith upon its receipt of each
          such statement of account, shall acknowledge receipt thereof in
          writing and advise the Trustee and/or Administrator of its approval or
          disapproval thereof. Failure by the Employer to disapprove any such
          statement of account

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<PAGE>

          within thirty (30) days after its receipt thereof shall be deemed an
          approval thereof. The approval by the Employer of any statement of
          account shall be binding as to all matters embraced therein as between
          the Employer and the Trustee to the same extent as if the account of
          the Trustee had been settled by judgment or decree in an action for a
          judicial settlement of its account in a court of competent
          jurisdiction in which the Trustee, the Employer and all persons having
          or claiming an interest in the Plan were parties; provided, however,
          that nothing herein contained shall deprive the Trustee of its right
          to have its accounts judicially settled if the Trustee so desires.

7.7 AUDIT

               (a) If an audit of the Plan's records shall be required by the
          Act and the regulations thereunder for any Plan Year, the
          Administrator shall direct the Trustee to engage on behalf of all
          Participants an independent qualified public accountant for that
          purpose. Such accountant shall, after an audit of the books and
          records of the Plan in accordance with generally accepted auditing
          standards, within a reasonable period after the close of the Plan
          Year, furnish to the Administrator and the Trustee a report of his
          audit setting forth his opinion as to whether any statements,
          schedules or lists that are required by Act Section 103 or the
          Secretary of Labor to be filed with the Plan's annual report, are
          presented fairly in conformity with generally accepted accounting
          principles applied consistently. All auditing and accounting fees
          shall be an expense of and may, at the election of the Administrator,
          be paid from the Trust Fund.

               (b) If some or all of the information necessary to enable the
          Administrator to comply with Act Section 103 is maintained by a bank,
          insurance company, or similar institution, regulated and supervised
          and subject to periodic examination by a state or federal agency, it
          shall transmit and certify the accuracy of that information to the
          Administrator as provided in Act Section 103(b) within one hundred
          twenty (120) days after the end of the Plan Year or by such other date
          as may be prescribed under regulations of the Secretary of Labor.

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<PAGE>

7.8 RESIGNATION, REMOVAL AND SUCCESSION OF TRUSTEE

               (a) The Trustee may resign at any time by delivering to the
          Employer, at least thirty (30) days before its effective date, a
          written notice of his resignation.

               (b) The Employer may remove the Trustee by mailing by registered
          or certified mail, addressed to such Trustee at his last known
          address, at least thirty (30) days before its effective date, a
          written notice of his removal.

               (c) Upon the death, resignation, incapacity, or removal of any
          Trustee, a successor may be appointed by the Employer; and such
          successor, upon accepting such appointment in writing and delivering
          same to the Employer, shall, without further act, become vested with
          all the estate, rights, powers, discretions, and duties of his
          predecessor with like respect as if he were originally named as a
          Trustee herein. Until such a successor is appointed, the remaining
          Trustee or Trustees shall have full authority to act under the terms
          of the Plan.

               (d) The Employer may designate one or more successors prior to
          the death, resignation, incapacity, or removal of a Trustee. In the
          event a successor is so designated by the Employer and accepts such
          designation, the successor shall, without further act, become vested
          with all the estate, rights, powers, discretions, and duties of his
          predecessor with the like effect as if he were originally named as
          Trustee herein immediately upon the death, resignation, incapacity, or
          removal of his predecessor.

               (e) Whenever any Trustee hereunder ceases to serve as such, he
          shall furnish to the Employer and Administrator a written statement of
          account with respect to the portion of the Plan Year during which he
          served as Trustee. This statement shall be either (i) included as part
          of the annual statement of account for the Plan Year required under
          Section 7.6 or (ii) set forth in a special statement. Any such special
          statement of account should be rendered to the Employer no later than
          the due date of the annual statement of account for the Plan Year. The
          procedures set forth in Section 7.6 for the approval by the

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<PAGE>

          Employer of annual statements of account shall apply to any special
          statement of account rendered hereunder and approval by the Employer
          of any such special statement in the manner provided in Section 7.6
          shall have the same effect upon the statement as the Employer's
          approval of an annual statement of account. No successor to the
          Trustee shall have any duty or responsibility to investigate the acts
          or transactions of any predecessor who has rendered all statements of
          account required by Section 7.6 and this subparagraph.

7.9 TRANSFER OF INTEREST

          Notwithstanding any other provision contained in this Plan, the
Trustee at the direction of the Administrator shall transfer the Vested
interest, if any, of such Participant in his account to another trust forming
part of a pension, profit sharing or stock bonus plan maintained by such
Participant's new employer and represented by said employer in writing as
meeting the requirements of Code Section 401(a), provided that the trust to
which such transfers are made permits the transfer to be made.

7.10 DIRECT ROLLOVER

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

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

               (1) An eligible rollover distribution is any distribution of all
               or any portion of the balance to the credit of the distributee,
               except that an eligible rollover distribution does not include:
               any distribution that is one of a series of substantially equal
               periodic payments (not less frequently than annually) made for
               the life (or life expectancy) of the distributee or the joint
               lives (or joint life expectancies) of the distributee and the
               distributee's designated beneficiary, or for a specified period
               of ten

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<PAGE>

               years or more; any distribution to the extent such distribution
               is required under Code Section 401(a)(9); the portion of any
               other distribution that is not includible in gross income
               (determined without regard to the exclusion for net unrealized
               appreciation with respect to employer securities); and any other
               distribution that is reasonably expected to total less than $200
               during a year.

               (2) An eligible retirement plan is an individual retirement
               account described in Code Section 408(a), an individual
               retirement annuity described in Code Section 408(b), an annuity
               plan described in Code Section 403(a), or a qualified trust
               described in Code Section 401(a), that accepts the distributee's
               eligible rollover distribution. However, in the case of an
               eligible rollover distribution to the surviving spouse, an
               eligible retirement plan is an individual retirement account or
               individual retirement annuity.

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

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

                                  ARTICLE VIII
                                 PLAN AMENDMENT

8.1 AMENDMENT

               (a) The Employer shall have the right at any time to amend the
          Plan, subject to the limitations of this Section. However, any
          amendment which affects the rights, duties or responsibilities of the
          Trustee and Administrator, other than an amendment to remove the
          Trustee or Administrator, may only be made with the Trustee's and
          Administrator's written consent. Any such amendment shall become
          effective as provided

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<PAGE>

          therein upon its execution. The Trustee shall not be required to
          execute any such amendment unless the Trust provisions contained
          herein are a part of the Plan and the amendment affects the duties of
          the Trustee hereunder.

               (b) No amendment to the Plan shall be effective if it authorizes
          or permits any part of the Trust Fund (other than such part as is
          required to pay taxes and administration expenses) to be used for or
          diverted to any purpose other than for the exclusive benefit of the
          Participants or their Beneficiaries or estates; or causes any
          reduction in the Accrued Benefit of any Participant (except to the
          extent permitted under Code Section 412(c)(8)); or causes or permits
          any portion of the Trust Fund to revert to or become property of the
          Employer.

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

               (d) If this Plan is amended and an effect of such amendment is to
          increase current liability (as defined in Code Section 401(a)(29)(E))
          under the Plan for a Plan Year, and the funded current liability
          percentage of the Plan for the Plan Year in which the amendment takes
          effect is less than sixty percent (60%), including the amount of the
          unfunded current liability under the Plan attributable to the
          amendment, the amendment shall not take effect until the Employer (or
          any member of a controlled group which includes the Employer) provides
          security to the Plan. The form and amount of such security shall
          satisfy the requirements of Code Section 401(a)(29)(B) and (C). Such
          security may be released provided the

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<PAGE>

          requirements of Code Section 401(a)(29)(D) are satisfied.

                                   ARTICLE IX
                                PLAN TERMINATION

9.1 TERMINATION

               (a) The Employer shall have the right to terminate the Plan by
          delivering to the Trustee and Administrator written notice of such
          termination. However, any termination (other than a partial
          termination or an involuntary termination pursuant to Act Section
          4042) must satisfy the requirements and follow the procedures outlined
          herein and in Act Section 4041 for a Standard Termination or a
          Distress Termination. Upon any termination (full or partial), all
          amounts shall be allocated in accordance with the provisions hereof
          and the Accrued Benefit, to the extent funded as of such date, of each
          affected Participant shall become fully Vested and shall not
          thereafter be subject to forfeiture.

               (b) Standard Termination Procedure --

               (1) The Administrator shall first notify all "affected parties"
               (as defined in Act Section 4001(a)(21)) of the Employer's
               intention to terminate the Plan and the proposed date of
               termination. Such termination notice must be provided at least
               sixty (60) days prior to the proposed termination date. However,
               in the case of a standard termination, it shall not be necessary
               to provide such notice to the Pension Benefit Guaranty
               Corporation (PBGC). As soon as practicable after the termination
               notice is given, the Administrator shall provide a follow-up
               notice to the PBGC setting forth the following:

                    (i) a certification of an enrolled actuary of the projected
                    amount of the assets of the Plan as of the proposed date of
                    final distribution of assets, the actuarial present value of
                    the "benefit liabilities" (as defined in Act Section
                    4001(a)(16)) under the Plan as of the proposed termination
                    date, and confirmation that the Plan is projected to be
                    sufficient for such

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<PAGE>

                    "benefit liabilities" as of the proposed date of final
                    distribution;

                    (ii) a certification by the Administrator that the
                    information provided to the PBGC and upon which the enrolled
                    actuary based his certification is accurate and complete;
                    and

                    (iii) such other information as the PBGC may prescribe by
                    regulation.

               The certification of the enrolled actuary and of the
               Administrator shall not be applicable in the case of a plan
               funded exclusively by individual insurance contracts.

               (2) No later than the date on which the follow-up notice is sent
               to the PBGC, the Administrator shall provide all Participants and
               Beneficiaries under the Plan with an explanatory statement
               specifying each such person's "benefit liabilities," the benefit
               form on the basis of which such amount is determined, and any
               additional information used in determining "benefit liabilities"
               that may be required pursuant to regulations promulgated by the
               PBGC.

               (3) A standard termination may only take place if at the time the
               final distribution of assets occurs, the Plan is sufficient to
               meet all "benefit liabilities" determined as of the termination
               date.

               (c) Distress Termination Procedure --

               (1) The Administrator shall first notify all "affected parties"
               of the Employer's intention to terminate the Plan and the
               proposed date of termination. Such termination notice must be
               provided at least 60 days prior to the proposed termination date.
               As soon as practicable after the termination notice is given, the
               Administrator shall also provide a follow-up notice to the PBGC
               setting forth the following:

                    (i) a certification of an enrolled actuary of the amount, as
                    of the proposed termination date, of the current value of

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<PAGE>

                    the assets of the Plan, the actuarial present value (as of
                    such date) of the "benefit liabilities" under the Plan,
                    whether the Plan is sufficient for "benefit liabilities" as
                    of such date, the actuarial present value (as of such date)
                    of benefits under the Plan guaranteed under Act Section
                    4022, and whether the Plan is sufficient for guaranteed
                    benefits as of such date;

                    (ii) in any case in which the Plan is not sufficient for
                    "benefit liabilities" as of such date, the name and address
                    of each Participant and Beneficiary under the Plan as of
                    such date;

                    (iii) a certification by the Administrator that the
                    information provided to the PBGC and upon which the enrolled
                    actuary based his certification is accurate and complete;
                    and

                    (iv) such other information as the PBGC may prescribe by
                    regulation.

               The certification of the enrolled actuary and of the
               Administrator shall not be applicable in the case of a plan
               funded exclusively by individual insurance contracts.

               (2) A distress termination may only take place if:

                    (i) the Employer demonstrates to the PBGC that such
                    termination is necessary to enable the Employer to pay its
                    debts while staying in business, or to avoid unreasonably
                    burdensome pension costs caused by a decline in the
                    Employer's work force;

                    (ii) the Employer is the subject of a petition seeking
                    liquidation in a bankruptcy or insolvency proceeding which
                    has not been dismissed as of the proposed termination date;
                    or

                    (iii) the Employer is the subject of a petition seeking
                    reorganization in a bankruptcy or insolvency proceeding
                    which

                                       75

<PAGE>

                    has not been dismissed as of the proposed ' termination
                    date, and the bankruptcy court (or such other appropriate
                    court) approves the termination and determines that the
                    Employer will be unable to continue in business outside a
                    Chapter 11 reorganization process and that such termination
                    is necessary to enable the Employer to pay its debts
                    pursuant to a plan of reorganization.

               (d) Priority and Payment of Benefits: In the case of a distress
          termination, upon approval by the PBGC that the Plan is sufficient for
          "benefit liabilities" or for "guaranteed benefits," or in the case of
          a standard termination, a letter of non-compliance has not been issued
          within the sixty (60) day period (as extended) following the receipt
          by the PBGC of the follow-up notice, the Administrator shall allocate
          the assets of the Plan among Participants and Beneficiaries pursuant
          to Act Section 4044(a). As soon as practicable thereafter, the assets
          of the Trust shall be distributed to the Participants and
          Beneficiaries, in cash or through the purchase of irrevocable
          commitments from an insurer, in a manner consistent with Section 5.7.
          However, if all liabilities with respect to Participants and
          Beneficiaries under the Plan have been satisfied and there remains a
          balance in the Trust due to erroneous actuarial computation, such
          balance, if any, shall be returned to the Employer. In the case of a
          distress termination in which the PBGC is unable to determine that the
          Plan is sufficient for guaranteed benefits, the assets of the Plan
          shall only be distributed in accordance with proceedings instituted by
          the PBGC.

               (e) The termination of the Plan shall comply with such other
          requirements and rules as may be promulgated by the PBGC under
          authority of Title IV of the Act, including any rules relating to time
          periods or deadlines for providing notice or for making a necessary
          filing.

9.2 LIMITATION OF BENEFITS ON PLAN TERMINATION

          In the event of Plan termination, the benefit of any Highly
Compensated Participant or any Highly Compensated Former Employee shall be
limited to a benefit that is nondiscriminatory under Code Section 401(a)(4).

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<PAGE>

                                    ARTICLE X
                   MERGER, CONSOLIDATION OR TRANSFER OF ASSETS

10.1 REQUIREMENTS

          Before this Plan can be merged or consolidated with any other
qualified plan or its assets or liabilities transferred to any other qualified
plan, the Administrator must secure (and file with the Secretary of Treasury at
least 30 days beforehand) a certification from a government-enrolled actuary
that the benefits which would be received by a Participant of this Plan, in the
event of a termination of the Plan immediately after such transfer, merger or
consolidation, are at least equal to the benefits the Participant would have
received if the Plan had terminated immediately before the transfer, merger or
consolidation, and such transfer, merger or consolidation does not otherwise
result in the elimination or reduction of any "Section 411(d)(6) protected
benefits" as described in Section 8.1.

                                   ARTICLE XI
                                    TOP HEAVY

11.1 TOP HEAVY PLAN REQUIREMENTS

          For any Top Heavy Plan Year, the Plan shall provide the special
vesting requirements of Code Section 416(b) pursuant to Section 5.6 of the Plan
and the special minimum benefit requirements of Code Section 416(c) pursuant to
Section 5.2 of the Plan.

11.2 DETERMINATION OF TOP HEAVY STATUS

               (a) This Plan shall be a Top Heavy Plan for any Plan Year in
          which, as of the Determination Date, (1) the Present Value of Accrued
          Benefits of Key Employees and (2) the sum of the Aggregate Accounts of
          Key Employees under this Plan and all plans of an Aggregation Group,
          exceeds sixty percent (60%) of the Present Value of Accrued Benefits
          and the Aggregate Accounts of all Key and Non-Key Employees under this
          Plan and all plans of an Aggregation Group.

                    If any Participant is a Non-Key Employee for any Plan Year,
          but such Participant was a Key Employee for any prior Plan Year, such
          Participant's Present Value of Accrued Benefit and/or Aggregate
          Account balance shall not be taken into account for purposes of
          determining whether this Plan is a Top Heavy or

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<PAGE>

          Super Top Heavy Plan (or whether any Aggregation Group which includes
          this Plan is a Top Heavy Group). In addition, if a Participant or
          Former Participant has not performed any services for any Employer
          maintaining the Plan at any time during the five year period ending on
          the Determination Date, any accrued benefit for such Participant or
          Former Participant shall not be taken into account for the purposes of
          determining whether this Plan is a Top Heavy or Super Top Heavy Plan.

               (b) This Plan shall be a Super Top Heavy Plan for any Plan Year
          in which, as of the Determination Date, (1) the Present Value of
          Accrued Benefits of Key Employees and (2) the sum of the Aggregate
          Accounts of Key Employees under this Plan and all plans of an
          Aggregation Group, exceeds ninety percent (90%) of the Present Value
          of Accrued Benefits and the Aggregate Accounts of all Key and Non-Key
          Employees under this Plan and all plans of an Aggregation Group.

               (c) Aggregate Account: A Participant's Aggregate Account as of
          the Determination Date shall be determined under applicable provisions
          of the defined contribution plan used in determining Top Heavy Plan
          status.

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

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

               In the case of a Required Aggregation Group, each plan in the
               group will be considered a Top Heavy Plan if the Required
               Aggregation Group is a Top Heavy Group. No plan in the Required
               Aggregation Group will be considered a Top Heavy Plan if the

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<PAGE>

               Required Aggregation Group is not a Top Heavy ' Group.

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

               In the case of a Permissive Aggregation Group, only a plan that
               is part of the Required Aggregation Group will be considered a
               Top Heavy Plan if the Permissive Aggregation Group is a Top Heavy
               Group. No plan in the Permissive Aggregation Group will be
               considered a Top Heavy Plan if the Permissive Aggregation Group
               is not a Top Heavy Group.

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

               (4) An Aggregation Group shall include any terminated plan of the
               Employer if it was maintained within the last five (5) years
               ending on the Determination Date.

               (e) "Determination Date" means (a) the last day of the preceding
          Plan Year, or (b) in the case of the first Plan Year, the last day of
          such Plan Year. (f) Present Value of Accrued Benefit: In the case of a
          defined benefit plan, a Participant's Present Value of Accrued Benefit
          shall be determined:

               (1) in the case of a Participant other than a Key Employee, using
               the single accrual method used for all plans of the Employer and
               Affiliated Employers, or if no such single method exists, using a
               method which results in benefits accruing not more rapidly than
               the slowest accrual rate permitted under Code Section
               411(b)(1)(C).

               (2) as of the most recent "actuarial valuation date," which is
               the most recent valuation date

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<PAGE>

               within a twelve (12) month period ending on the Determination
               Date.

               (3) for the first Plan Year, as if (a) the Participant terminated
               service as of the Determination Date; or (b) the Participant
               terminated service as of the actuarial valuation date, but taking
               into account the estimated Accrued Benefits as of the
               Determination Date.

               (4) for the second Plan Year, the Accrued Benefit taken into
               account for a current Participant must not be less than the
               Accrued Benefit taken into account for the first Plan Year unless
               the difference is attributable to using an estimate of the
               Accrued Benefit as of the Determination Date for the first Plan
               Year and using the actual Accrued Benefit for the second Plan
               Year.

               (5) for any other Plan Year, as if the Participant terminated
               service as of the actuarial valuation date.

               (6) the actuarial valuation date must be the same date used for
               computing the defined benefit plan minimum funding costs,
               regardless of whether a valuation is performed that Plan Year.

               (7) by not taking into account proportional subsidies.

               (8) by taking into account nonproportional subsidies.

               (g) The calculation of a Participant's Present Value of Accrued
          Benefit as of a Determination Date shall be the sum of:

               (1) the Present Value of Accrued Benefit using the actuarial
               assumptions of Section 1.3, which assumptions shall be identical
               for all defined benefit plans being tested for Top Heavy Plan
               status.

               (2) any Plan distributions made within the Plan Year that
               includes the Determination Date or within the four (4) preceding
               Plan Years. However, in the case of distributions made after

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<PAGE>

               the valuation date and prior to the Determination Date, such
               distributions are not included as distributions for top heavy
               purposes to the extent that such distributions are already
               included in the Participant's Present Value of Accrued Benefit as
               of the valuation date. Notwithstanding anything herein to the
               contrary, all distributions, including distributions made prior
               to January 1, 1984, and distributions under a terminated plan
               which if it had not been terminated would have been required to
               be included in an Aggregation Group, will be counted. Further,
               benefits paid on account of death, to the extent such benefits do
               not exceed the Present Value of Accrued Benefits existing
               immediately prior to death, shall be treated as distributions for
               the purposes of this paragraph.

               (3) any Employee contributions, whether voluntary or mandatory.
               However, amounts attributable to tax deductible Qualified
               Voluntary Employee Contributions shall not be considered to be a
               part of the Participant's Present Value of Accrued Benefit.

               (4) with respect to unrelated rollovers and plan-to-plan
               transfers (ones which are both initiated by the Employee and made
               from a plan maintained by one employer to a plan maintained by
               another employer), if this Plan provides the rollovers or
               plan-to-plan transfers, it shall always consider such rollovers
               or plan-to-plan transfers as a distribution for the purposes of
               this Section. If this Plan is the plan accepting such rollovers
               or plan-to-plan transfers, it shall not consider such rollovers
               or plan-to-plan transfers accepted after December 31, 1983, as
               part of the Participant's Present Value of Accrued Benefit.

               (5) with respect to related rollovers and plan-to-plan transfers
               (ones either not initiated by the Employee or made to a plan
               maintained by the same employer), if this Plan provides the
               rollovers or plan-to-plan transfers, it shall not be counted as a
               distribution for purposes of this Section. If this Plan is the
               plan accepting such rollovers or plan-to-plan transfers, it shall
               consider such rollovers or plan-to-plan transfers

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               as part of the Participant's Present Value of Accrued Benefit,
               irrespective of the date on which such rollovers or plan-to-plan
               transfers are accepted.

               (6) for the purposes of determining whether two employers are to
               be treated as the same employer in (4) and (5) above, all
               employers aggregated under Code Section 414 (b), (c), (m) or (o)
               are treated as the same employer.

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

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

               (2) the Aggregate Accounts of Key Employees under all defined
               contribution plans included in the group,

                    exceeds sixty percent (60%) of a similar sum determined for
          all Participants.

                                   ARTICLE XII
                                  MISCELLANEOUS

12.1 PARTICIPANT'S RIGHTS

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

12.2 ALIENATION

               (a) Subject to the exceptions provided below, no benefit which
          shall be payable out of the Trust Fund to any person (including a
          Participant or his Beneficiary) shall be subject in any manner to
          anticipation, alienation, sale, transfer, assignment, pledge,
          encumbrance, or charge, and any attempt to anticipate, alienate, sell,
          transfer, assign, pledge,

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          encumber, or charge the same shall be void; and no such benefit shall
          in any manner be liable for, or subject to, the debts, contracts,
          liabilities, engagements, or torts of any such person, nor shall it be
          subject to attachment or legal process for or against such person, and
          the same shall not be recognized by the Trustee, except to such extent
          as may be required by law.

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

12.3 CONSTRUCTION OF PLAN

          This Plan and Trust shall be construed and enforced according to the
Act and the laws of the State of Arkansas, other than its laws respecting choice
of law, to the extent not preempted by the Act.

12.4 GENDER AND NUMBER

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

12.5 LEGAL ACTION

          In the event any claim, suit, or proceeding is brought regarding the
Trust and/or Plan established hereunder to which the Trustee, the Employer or
the Administrator may be a party, and such claim, suit, or proceeding is
resolved in favor of the Trustee, the Employer or the Administrator, they shall
be entitled to be reimbursed from the Trust Fund for any and all

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costs, attorney's fees, and other expenses pertaining thereto incurred by them
for which they shall have become liable.

12.6 PROHIBITION AGAINST DIVERSION OF FUNDS

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

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

12.7 BONDING

          Every Fiduciary, except a bank or an insurance company, unless
exempted by the Act and regulations thereunder, shall be bonded in an amount not
less than 10% of the amount of the funds such Fiduciary handles; provided,
however, that the minimum bond shall be $1,000 and the maximum bond, $500,000.
The amount of funds handled shall be determined at the beginning of each Plan
Year by the amount of funds handled by such person, group, or class to be
covered and their predecessors, if any, during the preceding Plan Year, or if
there is no preceding Plan Year, then by the amount of the funds to be handled
during the then current year. The bond shall provide protection to the Plan
against any loss by reason of acts of fraud or dishonesty by the Fiduciary alone
or in connivance with others. The surety shall be a corporate surety company (as
such term is used in Act Section 412(a)(2)), and the bond shall be in a form
approved by the Secretary of Labor. Notwithstanding anything in the Plan to the
contrary, the cost of such bonds shall be an expense of and

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may, at the election of the Administrator, be paid from the Trust Fund or by the
Employer.

12.8 EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE

          Neither the Employer, the Administrator, nor the Trustee, nor their
successors shall be responsible for the validity of any Contract issued
hereunder or for the failure on the part of the insurer to make payments
provided by any such Contract, or for the action of any person which may delay
payment or render a Contract null and void or unenforceable in whole or in part.

12.9 INSURER'S PROTECTIVE CLAUSE

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

12.10 RECEIPT AND RELEASE FOR PAYMENTS

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

12.11 ACTION BY THE EMPLOYER

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

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12.12 NAMED FIDUCIARIES AND ALLOCATION OF RESPONSIBILITY

          The "named Fiduciaries" of this Plan are (1) the Employer, (2) the
Administrator and (3) the Trustee. The named Fiduciaries shall have only those
specific powers, duties, responsibilities, and obligations as are specifically
given them under the Plan or as accepted by or assigned to them pursuant to any
procedure provided under the Plan, including but not limited to any agreement
allocating or delegating their responsibilities, the terms of which are
incorporated herein by reference. In general, unless otherwise indicated herein
or pursuant to such agreements, the Employer shall have the duties specified in
Article II hereof, as the same may be allocated or delegated thereunder,
including but not limited to the responsibility for making the contributions
provided for under Section 4.1; and shall have the authority to appoint and
remove the Trustee and the Administrator; to formulate the Plan's "funding
policy and method"; and to amend or terminate, in whole or in part, the Plan.
The Administrator shall have the responsibility for the administration of the
Plan, including but not limited to the items specified at Article II of the
Plan, as the same may be allocated or delegated thereunder. The Trustee shall
have the responsibility of management and control of the assets held under the
Trust, except to the extent directed pursuant to Article II or with respect to
those assets, the management of which has been assigned to an Investment
Manager, who shall be solely responsible for the management of the assets
assigned to it, all as specifically provided in the Plan and any agreement with
the Trustee. Each named Fiduciary warrants that any directions given,
information furnished, or action taken by it shall be in accordance with the
provisions of the Plan, authorizing or providing for such direction, information
or action. Furthermore, each named Fiduciary may rely upon any such direction,
information or action of another named Fiduciary as being proper under the Plan,
and is not required under the Plan to inquire into the propriety of any such
direction, information or action. It is intended under the Plan that each named
Fiduciary shall be responsible for the proper exercise of its own powers,
duties, responsibilities and obligations under the Plan as specified or
allocated herein. No named Fiduciary shall guarantee the Trust Fund in any
manner against investment loss or depreciation in asset value. Any person or
group may serve in more than one Fiduciary capacity. In the furtherance of their
responsibilities hereunder, the "named Fiduciaries" shall be empowered to
interpret the Plan and Trust and to resolve ambiguities, inconsistencies and
omissions, which findings shall be binding, final and conclusive.

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<PAGE>

12.13 HEADINGS

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

12.14 APPROVAL BY INTERNAL REVENUE SERVICE

               (a) Notwithstanding anything herein to the contrary,
          contributions to this Plan are conditioned upon the initial
          qualification of the Plan under Code Section 401. If the Plan receives
          an adverse determination with respect to its initial qualification,
          then the Plan may return such contributions to the Employer within one
          year after such determination, provided the application for the
          determination is made by the time prescribed by law for filing the
          Employer's return for the taxable year in which the Plan was adopted,
          or such later date as the Secretary of the Treasury may prescribe.

               (b) Notwithstanding any provisions to the contrary, any
          contribution by the Employer to the Trust Fund is conditioned upon the
          deductibility of the contribution by the Employer under the Code and,
          to the extent any such deduction is disallowed, the Employer shall,
          within one (1) year following the disallowance of the deduction,
          demand repayment of such disallowed contribution and the Trustee shall
          return such contribution within one (1) year following the
          disallowance. Earnings of the Plan attributable to the excess
          contribution may not be returned to the Employer, but any losses
          attributable thereto must reduce the amount so returned.

12.15 UNIFORMITY

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

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<PAGE>

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

Signed, sealed, and delivered in the
presence of:

                                        Community Bank

Nancy Henson                            By /s/ Illegible
                                           -------------------------------------
                                        EMPLOYER

/s/ Nancy Henson
-------------------------------------
WITNESSES AS TO EMPLOYER

                                        Community Bank

Nancy Henson                            By /s/ Illegible
                                           -------------------------------------
                                        TRUSTEE

/s/ Nancy Henson
-------------------------------------
WITNESSES AS TO TRUSTEE

                                        ATTEST /s/ illegible
                                               ---------------------------------

                                       88

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