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                                                                    EXHIBIT 10.1

                              AMENDED AND RESTATED
                          NEW ENGLAND BANCSHARES, INC.
                         2003 STOCK-BASED INCENTIVE PLAN

1.   DEFINITIONS.
     -----------

     (a) "Affiliate" means any "parent corporation" or "subsidiary corporation"
of the Holding Company, as such terms are defined in Sections 424(e) and 424(f)
of the Code.

     (b)  "Association" means Enfield Federal Savings and Loan Association, a
federally-chartered savings and loan association.

     (c) "Award" means, individually or collectively, a grant under the Plan of
Non-Statutory Stock Options, Incentive Stock Options and Stock Awards.

     (d) "Award Agreement" means an agreement  evidencing and setting forth the
terms of an Award.

     (e)  "Board of  Directors"  means the board of  directors  of the  Holding
Company.

     (f) "Change in Control" shall mean any of the following events:

         (i)   Merger:  The Holding Company merges into or consolidates  with
               ------
               another  corporation,  or merges another  corporation into the
               Holding  Company,  and as a result less than a majority of the
               combined voting power of the resulting corporation immediately
               after the merger or consolidation is held by persons who were
               stockholders  of the Holding  Company  immediately  before the
               merger or consolidation.

         (ii)  Acquisition of Significant Share Ownership:  There is filed or
               ------------------------------------------
               required to be filed a report on Schedule 13D or another form
               or schedule (other than Schedule 13G) required under Sections
               13(d) or 14(d) of the Securities  Exchange Act of 1934, if the
               schedule discloses that the filing person or persons acting in
               concert has or have become the beneficial owner of 25% or more
               of a class of the Holding  Company's voting securities, but
               this clause (b) shall not apply to beneficial ownership of
               Holding Company voting shares held in a fiduciary capacity by
               an entity of which the Holding Company directly or indirectly
               beneficially owns 50% or more of its outstanding voting
               securities.

        (iii)  Change in Board Composition: During any period of two
               ---------------------------
               consecutive  years, individuals who  constitute  the Holding
               Company's  Board of Directors at the beginning of the two-year
               period cease for any reason to  constitute at least a majority
               of the  Holding Company's  Board  of  Directors;   provided,
               however, that for purposes of this clause (iii), each director
               who is first  elected by the board (or first  nominated by the

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               board for election by the  stockholders) by a vote of at least
               two-thirds  (2/3) of the directors  who were  directors at the
               beginning of the two-year  period shall be deemed to have also
               been a director at the beginning of such period; or

            (iv)  Sale of Assets: The Holding Company sells to a third party all
                  --------------
                  or substantially all of its assets.

      (g) "Code" means the Internal Revenue Code of 1986, as amended.

      (h) "Committee" means the Board of Directors or a committee  designated by
the Board of Directors,  pursuant to Section 2 of the Plan,  to  administer  the
Plan.

      (i) "Common  Stock"  means the common  stock of the Holding  Company,  par
value $.01 per share.

      (j) "Date of Grant" means the effective date of an Award.

      (k)  "Disability"  means any mental or physical  condition with respect to
which the Participant  qualifies for and receives benefits for under a long-term
disability  plan of the Holding  Company or an  Affiliate,  or in the absence of
such a long-term  disability  plan or coverage  under such a plan,  "Disability"
shall mean a physical or mental  condition  which, in the sole discretion of the
Committee,   is  reasonably  expected  to  be  of  indefinite  duration  and  to
substantially  prevent  the  Participant  from  fulfilling  his or her duties or
responsibilities to the Holding Company or the Association.

      (l)  "Effective  Date" means the earlier of the date that Plan is approved
by shareholders or June 5, 2003.

      (m)  "Employee"  means any person  employed by the Holding  Company or the
Association.   Directors  who  are  employed  by  the  Holding  Company  or  the
Association shall be considered Employees under the Plan.

      (n) "Exchange Act" means the Securities Exchange Act of 1934, as amended.

      (o) "Exercise Price" means the price at which a Participant may purchase a
share of Common Stock pursuant to an Option.

      (p) "Fair Market Value" means the market price of Common Stock, determined
by the Committee as follows:

            (i)   If the Common  Stock was traded on the date in question on The
                  Nasdaq Stock Market, then the Fair Market Value shall be equal
                  to the closing price reported for such date;

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            (ii)  If the Common Stock was traded on a stock exchange on the date
                  in question,  then the Fair Market Value shall be equal to the
                  closing   price   reported   by   the   applicable   composite
                  transactions report for such date; and

            (iii) If neither of the foregoing provisions is applicable, then the
                  Fair Market Value shall be determined by the Committee in good
                  faith  on  such  basis  as  it  deems  appropriate.   Whenever
                  possible,  the  determination  of  Fair  Market  Value  by the
                  Committee  shall be based on the prices  reported  in The Wall
                                                                        --------
                  Street Journal.  The Committee's  determination of Fair Market
                  --------------
                  Value shall be conclusive and binding on all persons.

      (q)   "Incentive   Stock  Option"  means  a  stock  option  granted  to  a
Participant,  pursuant  to Section 7 of the Plan,  that is  intended to meet the
requirements of Section 422 of the Code.

      (r)  "Holding  Company"  means New England  Bancshares,  Inc.,  a Maryland
corporation.

      (s)  "Non-Statutory  Stock  Option"  means a  stock  option  granted  to a
Participant  pursuant  to the terms of the Plan but which is not  intended to be
and is not  identified  as an Incentive  Stock Option or a stock option  granted
under the Plan which is intended to be and is identified  as an Incentive  Stock
Option but which does not meet the requirements of Section 422 of the Code.

      (t)  "Option"  means an  Incentive  Stock  Option or  Non-Statutory  Stock
Option.

      (u) "Outside  Director" means a member of the board(s) of directors of the
Holding  Company or the  Association  who is not also an Employee of the Holding
Company or the Association.

      (v) "Participant" means any person who holds an outstanding Award.

      (w) "Plan"  means  this New  England  Bancshares,  Inc.  2003  Stock-Based
Incentive Plan, as amended and restated.

      (x)  "Retirement"  means  voluntary  termination  of  employment  with the
Holding Company or the  Association at or after  attaining age 65.  "Retirement"
with respect to an Outside  Director  means the  termination of service from the
board(s) of directors  of the Holding  Company or the  Association  (for reasons
other than Cause)  after  attaining  age 70 and serving at least 10 years on the
board(s) of directors of the Holding Company or the Association.

      (y)   "Stock Award" means an Award granted to a Participant pursuant to
Section 8 of the Plan.

      (z) "Termination for Cause" means  termination  because of a Participant's
personal dishonesty,  incompetence, willful misconduct, breach of fiduciary duty
involving personal profit,

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intentional failure to perform stated duties, willful violation  of any law,
rule or regulation (other than traffic violations or similar offenses)or
material breach of any  provision of  any  employment agreement between the
Holding  Company and/or any subsidiary of the Holding Company and a Participant.

      (aa)  "Trust"  means a trust  established  by the  Board of  Directors  in
connection  with  this  Plan to hold  Common  Stock  or other  property  for the
purposes set forth in the Plan.

      (bb)  "Trustee"  means  any  person  or  entity  approved  by the Board of
Directors or its designee(s) to hold any of the Trust assets.

2.    ADMINISTRATION.
      --------------

      (a) The Committee  shall  administer the Plan. The Committee shall consist
of the Board of Directors of the Company in  accordance  with the  disinterested
administration requirements of Rule 16b-3 promulgated by the U.S. Securities and
Exchange  Commission.  The  Board  of  Directors  may also  appoint  one or more
separate  committees  of the Board of  Directors,  each  composed of one or more
directors  of  the  Holding   Company  or  the   Association  who  need  not  be
disinterested,  that may grant  Awards and  administer  the Plan with respect to
Employees and Outside Directors who are not considered  officers or directors of
the Holding Company under Section 16 of the Exchange Act.

      (b) The Committee shall (i) select the Employees and Outside Directors who
are to receive Awards under the Plan, (ii) determine the type,  number,  vesting
requirements  and other features and conditions of such Awards,  (iii) interpret
the Plan and Award  Agreements in all respects and (iv) make all other decisions
relating to the  operation of the Plan.  The  Committee  may adopt such rules or
guidelines  as it deems  appropriate  to  implement  the Plan.  The  Committee's
determinations under the Plan shall be final and binding on all persons.

      (c)  Each  Award  shall  be  evidenced  by  a  written  agreement  ("Award
Agreement")  containing  such  provisions  as may be  required  by the  Plan and
otherwise  approved by the Committee.  Each Award Agreement  shall  constitute a
binding  contract  between the Holding  Company and the  Participant,  and every
Participant,  upon acceptance of an Award Agreement, shall be bound by the terms
and  restrictions of the Plan and the Award  Agreement.  The terms of each Award
Agreement  shall be in accordance  with the Plan,  but each Award  Agreement may
include any additional provisions and restrictions  determined by the Committee,
in its discretion, provided that such additional provisions and restrictions are
not inconsistent with the terms of the Plan. In particular and at a minimum, the
Committee  shall  set  forth  in each  Award  Agreement:  (i) the  type of Award
granted;  (ii) the  Exercise  Price of any  Option;  (iii) the  number of shares
subject to the Award; (iv) the expiration date of the Award; and (v) the manner,
time,  and rate  (cumulative or otherwise) of exercise or vesting of such Award.
The Chairman of the Committee and such other  directors and officers as shall be
designated by the Committee is hereby  authorized to execute Award Agreements on
behalf of the Company and to cause them to be  delivered  to the  recipients  of
Awards.

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      (d) The Committee may delegate all authority for: (i) the determination of
forms of payment to be made by or received by the Plan and (ii) the execution of
any   Award   Agreement.   The   Committee   may   rely  on  the   descriptions,
representations,  reports and estimates  provided to it by the management of the
Holding Company or the Association for determinations to be made pursuant to the
Plan.

3.    TYPES OF AWARDS.
      ---------------

      The following Awards may be granted under the Plan:

      (a) Non-Statutory Stock Options.
      (b) Incentive Stock Options.
      (c) Stock Awards.

4.    STOCK SUBJECT TO THE PLAN.
      -------------------------

      Subject to adjustment as provided in Section 12 of the Plan, the number of
shares  reserved  for Awards  under the Plan is  473,660  (as  adjusted  for the
second-step conversion).  Subject to adjustment as provided in Section 12 of the
Plan, the number of shares reserved hereby for purchase pursuant to the exercise
of Options  granted  under the Plan is 338,328 (as  adjusted for the second step
conversion).  The number of the shares  reserved for Stock Awards is 135,332 (as
adjusted  for the second step  conversion).  The shares of Common  Stock  issued
under the Plan may be either authorized but unissued shares or authorized shares
previously  issued and  acquired  or  reacquired  by the  Trustee or the Holding
Company,  respectively.  To the extent that Options and Stock Awards are granted
under the Plan, the shares  underlying  such Awards will be unavailable  for any
other use including future grants under the Plan except that, to the extent that
Stock Awards or Options terminate, expire or are forfeited without having vested
or without having been  exercised,  new Awards may be made with respect to these
shares.

5.    ELIGIBILITY.
      -----------

      Subject to the terms of the Plan, all Employees and Outside Directors
shall be eligible to receive Awards under the Plan.

6.    NON-STATUTORY STOCK OPTIONS.
      ---------------------------

      The Committee may, subject to the limitations of the Plan and the
availability of shares of Common Stock reserved but not previously awarded under
the Plan, grant  Non-Statutory  Stock Options to eligible  individuals upon such
terms and conditions as it may determine to the extent such terms and conditions
are consistent with the following provisions:

      (a) Exercise  Price.  The Committee  shall determine the Exercise Price of
          ---------------
each Non-Statutory Stock Option.  However,  the Exercise Price shall not be less
than 100% of the Fair Market Value of the Common Stock on the Date of Grant.

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      (b) Terms of  Non-Statutory  Stock Options.  The Committee shall determine
          --------------------------------------
the term during which a Participant may exercise a  Non-Statutory  Stock Option,
but in no event may a Participant  exercise a  Non-Statutory  Stock  Option,  in
whole or in part, more than ten (10) years from the Date of Grant. The Committee
shall also determine the date on which each  Non-Statutory  Stock Option, or any
part  thereof,   first  becomes  exercisable  and  any  terms  or  conditions  a
Participant must satisfy in order to exercise each  Non-Statutory  Stock Option.
The shares of Common Stock  underlying  each  Non-Statutory  Stock Option may be
purchased in whole or in part by the  Participant at any time during the term of
such Non-Statutory Stock Option, or any portion thereof,  once the Non-Statutory
Stock Option becomes exercisable.

      (c)  Non-Transferability.  Unless otherwise determined by the Committee in
           -------------------
accordance  with this Section  6(c), a  Participant  may not  transfer,  assign,
hypothecate,  or  dispose  of in any  manner,  other than by will or the laws of
intestate succession,  a Non-Statutory Stock Option. The Committee may, however,
in its sole discretion,  permit transferability or assignment of a Non-Statutory
Stock Option if such transfer or assignment is, in its sole  determination,  for
valid estate  planning  purposes and such  transfer or  assignment  is permitted
under the Code and Rule 16b-3  under the  Exchange  Act.  For  purposes  of this
Section 6(c), a transfer for valid estate planning purposes includes, but is not
limited  to:  (a) a transfer  to a  revocable  intervivos  trust as to which the
Participant  is  both  the  settlor  and  trustee,  or  (b) a  transfer  for  no
consideration to: (i) any member of the Participant's Immediate Family, (ii) any
trust solely for the benefit of members of the  Participant's  Immediate Family,
(iii) any  partnership  whose only  partners  are  members of the  Participant's
Immediate Family, and (iv) any limited liability corporation or corporate entity
whose only members or equity owners are members of the  Participant's  Immediate
Family. Nothing contained in this Section 6(c) shall be construed to require the
Committee  to  give  its  approval  to  any  transfer  or   assignment   of  any
Non-Statutory  Stock  Option or portion  thereof,  and  approval  to transfer or
assign any Non-Statutory Stock Option or portion thereof does not mean that such
approval will be given with respect to any other  Non-Statutory  Stock Option or
portion thereof.  The transferee or assignee of any  Non-Statutory  Stock Option
shall  be  subject  to  all of the  terms  and  conditions  applicable  to  such
Non-Statutory  Stock Option  immediately prior to the transfer or assignment and
shall be  subject  to any other  conditions  prescribed  by the  Committee  with
respect to such Non-Statutory Stock Option.

      (d)  Termination  of Employment  or Service  (General).  Unless  otherwise
           -------------------------------------------------
determined by the Committee,  upon the termination of a Participant's employment
or other service for any reason other than  Retirement,  Disability or death,  a
Change in Control,  or Termination for Cause,  the Participant may exercise only
those  Non-Statutory  Stock  Options that were  immediately  exercisable  by the
Participant at the date of such  termination  and only for a period of three (3)
months  following  the  date  of such  termination  or,  if  sooner,  until  the
expiration of the term of the Option.

      (e) Termination of Employment or Service  (Retirement).  In the event of a
          --------------------------------------------------
Participant's Retirement,  the Participant may exercise only those Non-Statutory
Stock Options that were  immediately  exercisable by the Participant at the date
of Retirement  and only for a period of one (1) year from the date of Retirement
or,  if  sooner,  until  the  expiration  of the term of the  Option;  PROVIDED,
HOWEVER,  that  upon  the  Participant's  Retirement,   the  Committee,  in  its

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discretion,  may determine  that all unvested  Options shall continue to vest in
accordance with the Award Agreement if the Participant is immediately engaged by
the Holding  Company or an Affiliate as a consultant  or advisor or continues to
serve the Holding  Company or an Affiliate as a director,  advisory  director or
director emeritus.

      (f)  Termination of Employment or Service  (Disability  or Death).  Unless
           ------------------------------------------------------------
otherwise  determined by the  Committee,  in the event of the  termination  of a
Participant's  employment  or other  service  due to  Disability  or death,  all
Non-Statutory  Stock Options held by such Participant shall  immediately  become
exercisable and remain  exercisable for a period one (1) year following the date
of such  termination,  or, if sooner,  until the  expiration  of the term of the
Option.

      (g) Termination of Employment or Service  (Termination for Cause).  Unless
          -------------------------------------------------------------
otherwise  determined  by  the  Committee,  in  the  event  of  a  Participant's
Termination   for  Cause,   all  rights  with   respect  to  the   Participant's
Non-Statutory  Stock Options shall expire immediately upon the effective date of
such Termination for Cause.

      (h) Acceleration Upon a Change in Control.  Upon a Change in Control,  all
          -------------------------------------
Non-Statutory  Stock Options held by a Participant  as of the date of the Change
in Control shall  immediately  become  exercisable and shall remain  exercisable
until the  expiration  of the term of the  Option,  regardless  of  whether  the
Participant  is  employed  or in service  with the  Association  or the  Holding
Company.

      (i)  Payment.  Payment  due  to  a  Participant  upon  the  exercise  of a
           -------
Non-Statutory Stock Option shall be made in the form of shares of Common Stock.

7.    INCENTIVE STOCK OPTIONS.
      -----------------------

      The  Committee  may,  subject  to the  limitations  of the  Plan  and  the
availability  of shares of Common Stock reserved but unawarded  under this Plan,
grant  Incentive  Stock Options to an Employee upon such terms and conditions as
it may determine to the extent such terms and conditions are consistent with the
following provisions:

      (a) Exercise  Price.  The Committee  shall determine the Exercise Price of
          ---------------
each Incentive Stock Option.  However, the Exercise Price shall not be less than
100% of the  Fair  Market  Value  of the  Common  Stock  on the  Date of  Grant;
PROVIDED, HOWEVER, that if at the time an Incentive Stock Option is granted, the
Employee owns or is treated as owning,  for purposes of Section 422 of the Code,
Common Stock  representing more than 10% of the total combined voting securities
of the Holding Company ("10% Owner"),  the Exercise Price shall not be less than
110% of the Fair Market Value of the Common Stock on the Date of Grant.

      (b) Amounts of Incentive  Stock Options.  To the extent the aggregate Fair
          -----------------------------------
Market  Value of shares of Common Stock with  respect to which  Incentive  Stock
Options  that are  exercisable  for the first  time by an  Employee  during  any
calendar  year under the Plan and any other  stock  option  plan of the  Holding
Company  or an  Affiliate  exceeds  $100,000,  or such  higher  value  as may be
permitted  under  Section 422 of the Code,  such Options in excess of such limit

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shall be treated as  Non-Statutory  Stock  Options.  Fair Market  Value shall be
determined  as of the Date of Grant with  respect to each such  Incentive  Stock
Option.

      (c) Terms of Incentive  Stock Options.  The Committee  shall determine the
          ---------------------------------
term during which a Participant may exercise an Incentive  Stock Option,  but in
no event may a Participant  exercise an Incentive  Stock Option,  in whole or in
part, more than ten (10) years from the Date of Grant;  PROVIDED,  HOWEVER, that
if at the time an Incentive  Stock Option is granted to an Employee who is a 10%
Owner,  the  Incentive  Stock  Option  granted  to such  Employee  shall  not be
exercisable  after the expiration of five (5) years from the Date of Grant.  The
Committee shall also determine the date on which each Incentive Stock Option, or
any part  thereof,  first  becomes  exercisable  and any terms or  conditions  a
Participant  must satisfy in order to exercise each Incentive Stock Option.  The
shares of Common Stock  underlying  each Incentive Stock Option may be purchased
in whole or in part at any time during the term of such  Incentive  Stock Option
after such Option becomes exercisable.

      (d)  Non-Transferability.  No Incentive Stock Option shall be transferable
           -------------------
except  by will or the laws of  descent  and  distribution  and is  exercisable,
during his or her lifetime,  only by the Employee to whom the  Committee  grants
the Incentive Stock Option. The designation of a beneficiary does not constitute
a transfer of an Incentive Stock Option.

      (e) Termination of Employment  (General).  Unless otherwise  determined by
          ------------------------------------
the  Committee,  upon the  termination  of a  Participant's  employment or other
service for any reason other than  Retirement,  Disability or death, a Change in
Control,  or  Termination  for Cause,  the  Participant  may exercise only those
Incentive Stock Options that were immediately  exercisable by the Participant at
the date of such termination and only for a period of three (3) months following
the date of such termination, or, if sooner, until the expiration of the term of
the Option.

      (f)   Termination   of  Employment   (Retirement).   In  the  event  of  a
            -------------------------------------------
Participant's Retirement,  the Participant may exercise only those Non-Statutory
Stock Options that were  immediately  exercisable by the Participant at the date
of Retirement  and only for a period of one (1) year from the date of Retirement
or,  if  sooner,  until  the  expiration  of the term of the  Option;  PROVIDED,
HOWEVER,  that  upon  the  Participant's  Retirement,   the  Committee,  in  its
discretion,  may determine  that all unvested  Options shall continue to vest in
accordance with the Award  Agreement the  Participant is immediately  engaged by
the Holding  Company or an Affiliate as a consultant  or advisor or continues to
serve the Holding  Company or an Affiliate as a director,  advisory  director or
director emeritus. Any Option originally designated as an Incentive Stock Option
shall be treated as a  Non-Statutory  Stock Option to the extent the Option does
not otherwise  qualify as an Incentive  Stock Option  pursuant to Section 422 of
the Code.

      (g)  Termination  of Employment  (Disability or Death).  Unless  otherwise
           -------------------------------------------------
determined by the Committee,  in the event of the termination of a Participant's
employment  or other service due to  Disability  or death,  all Incentive  Stock
Options held by such Participant shall immediately become exercisable and remain
exercisable  for a period one (1) year  following the date of such  termination,
or, if sooner, until the expiration of the term of the Option.

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      (h) Termination of Employment  (Termination  for Cause).  Unless otherwise
          ---------------------------------------------------
determined  by the  Committee,  in the event of an  Employee's  Termination  for
Cause,  all rights under such  Employee's  Incentive  Stock Options shall expire
immediately upon the effective date of such Termination for Cause.

      (i) Acceleration Upon a Change in Control.  Upon a Change in Control,  all
          -------------------------------------
Incentive  Stock Options held by a  Participant  as of the date of the Change in
Control shall immediately  become exercisable and shall remain exercisable until
the expiration of the term of the Option,  regardless of whether the Participant
is employed or in service with the Association or the Holding Company.

      (j)  Payment.  Payment  due  to a  Participant  upon  the  exercise  of an
           -------
Incentive Stock Option shall be made in the form of shares of Common Stock.

      (k)  Disqualifying  Dispositions.  Each Award Agreement with respect to an
Incentive  Stock Option shall require the Participant to notify the Committee of
any  disposition  of shares of Common Stock  issued  pursuant to the exercise of
such Option  under the  circumstances  described  in Section  421(b) of the Code
(relating  to  certain  disqualifying  dispositions)  within  10  days  of  such
disposition.

8.    STOCK AWARDS.
      ------------

      The Committee may make grants of Stock Awards,  which shall consist of the
grant of some number of shares of Common Stock, to a Participant upon such terms
and  conditions as it may determine to the extent such terms and  conditions are
consistent with the following provisions:

      (a)  Grants of the Stock  Awards.  Stock  Awards may only be made in whole
           ---------------------------
shares of Common  Stock.  Stock Awards may only be granted from shares  reserved
under the Plan and  available  for award at the time the Stock  Award is made to
the Participant.

      (b)  Terms of the Stock Awards. The Committee shall determine the dates on
           -------------------------
which  Stock  Awards  granted  to a  Participant  shall  vest  and any  terms or
conditions  which must be  satisfied  prior to the vesting of any Stock Award or
portion  thereof.  Any such  terms or  conditions  shall  be  determined  by the
Committee as of the Date of Grant.

      (c)  Termination  of Employment  or Service  (General).  Unless  otherwise
           -------------------------------------------------
determined by the Committee,  upon the termination of a Participant's employment
or service for any reason other than  Retirement,  Disability or death, a Change
in Control,  or Termination for Cause, any Stock Awards in which the Participant
has not become vested as of the date of such termination  shall be forfeited and
any rights the Participant had to such Stock Awards shall become null and void.

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      (d)  Termination of Employment or Service (Retirement).  In the event of a
           --------------------------------------------------
Participant's  Retirement,  any Stock  Awards in which the  Participant  has not
become vested as of the date of Retirement shall be forfeited and any rights the
Participant  had to such  unvested  Stock  Awards  shall  become  null and void;
PROVIDED, HOWEVER, that upon the Participant's Retirement, the Committee, in its
discretion,  may determine that all unvested Stock Awards shall continue to vest
in accordance with the Award Agreement if the Participant is immediately engaged
by the Holding  Company or an Affiliate as a consultant  or advisor or continues
to serve the Holding Company or an Affiliate as a director,  advisory  director,
or director emeritus.

      (e)  Termination of Employment or Service  (Disability  or Death).  Unless
           ------------------------------------------------------------
otherwise  determined by the  Committee,  in the event of a  termination  of the
Participant's  service due to Disability or death all unvested Stock Awards held
by such Participant shall immediately vest as of the date of such termination.

      (f)  Termination of Employment or Service (Termination for Cause).  Unless
           -------------------------------------------------------------
otherwise  determined  by the  Committee,  in  the  event  of the  Participant's
Termination for Cause,  all Stock Awards in which the Participant had not become
vested as of the effective date of such Termination for Cause shall be forfeited
and any rights such  Participant  had to such unvested Stock Awards shall become
null and void.

      (g)  Acceleration  of Vesting  Upon a Change in Control.  Upon a Change in
           --------------------------------------------------
Control,  all Stock Awards held by a Participant as of the date of the Change in
Control shall immediately vest and any further restrictions shall lapse.

      (h)  Issuance  of  Certificates.   Unless  otherwise  held  in  Trust  and
           --------------------------
registered  in the name of the Trustee,  the Holding  Company  shall cause to be
issued a stock certificate to each Stock Award recipient, registered in the name
of the Stock Award recipient, evidencing such shares; provided, that the Holding
Company  shall not cause  such a stock  certificate  to be issued  unless it has
received a stock power duly endorsed in blank with respect to such shares.  Each
such stock certificate shall bear the following legend:

            "The  transferability  of this  certificate  and the shares of stock
            represented  hereby  are  subject  to the  restrictions,  terms  and
            conditions (including forfeiture provisions and restrictions against
            transfer)   contained  in  the  Amended  and  Restated  New  England
            Bancshares, Inc. 2003 Stock-Based Incentive Plan and Award Agreement
            entered  into  between the  registered  owner of such shares and New
            England Bancshares,  Inc. or its Affiliates.  A copy of the Plan and
            Award Agreement is on file in the office of the Corporate  Secretary
            of New  England  Bancshares,  Inc.,  855  Enfield  Street,  Enfield,
            Connecticut 06082."

Such legend shall not be removed until the  Participant  becomes  vested in such
shares pursuant to the terms of the Plan and Award  Agreement.  Each certificate
issued pursuant to this Section

                                       10
<PAGE> 11

8(h), in connection with a Stock Award,  shall be held by the Holding Company or
the Association, unless the Committee determines otherwise.

      (i)  Non-Transferability.  Except to the extent permitted by the Code, the
           -------------------
rules  promulgated  under  Section  16(b) of the Exchange  Act or any  successor
statutes or rules:

           (a)    The  recipient  of a Stock  Award  shall not  sell,  transfer,
                  assign,  pledge,  or otherwise  encumber shares subject to the
                  Stock  Award until full  vesting of such shares has  occurred.
                  For purposes of this  section,  the  separation  of beneficial
                  ownership  and  legal  title  through  the  use of any  "swap"
                  transaction is deemed to be a prohibited encumbrance.

           (b)    Unless determined otherwise by the Committee and except in the
                  event of the  Participant's  death or  pursuant  to a domestic
                  relations  order, a Stock Award is not transferable and may be
                  earned in his or her lifetime only by the  Participant to whom
                  it is granted. Upon the death of a Participant,  a Stock Award
                  is   transferable   by  will  or  the  laws  of  descent   and
                  distribution.  The  designation  of a  beneficiary  shall  not
                  constitute a transfer.

           (c)    If a recipient  of a Stock Award is subject to the  provisions
                  of  Section 16 of the  Exchange  Act,  shares of Common  Stock
                  subject  to such  Stock  Award may not,  without  the  written
                  consent of the  Committee  (which  consent may be given in the
                  Award Agreement),  be sold or otherwise disposed of within six
                  (6) months following the date of grant of the Stock Award.

      (j) Treatment of Dividends.  Participants are entitled to receive all cash
          ----------------------
and stock  dividends  or other  distributions  declared and paid with respect to
shares  underlying  a Stock  Award.  The  Committee  shall  determine  when  the
dividends or other distributions will be distributed to Participants.

      (k) Voting of Stock Awards. Participants are entitled to vote or to direct
          ----------------------
the Trustee to vote, as the case may be, all shares of Common Stock underlying a
Stock Award  subject to the rules and  procedures  adopted by the  Committee for
this purpose and in a manner consistent with the Trust agreement.

      (l) Payment.  Payment due to a Participant  upon the redemption of a Stock
          -------
Award shall be made in the form of shares of Common Stock.

9.    METHOD OF EXERCISE OF OPTIONS.
      -----------------------------

      Subject to any applicable Award Agreement,  any Option may be exercised by
the  Participant in whole or in part at such time or times,  and the Participant
may make  payment of the Exercise  Price in such form or forms  permitted by the
Committee,  including,  without limitation,  payment by delivery of cash, Common
Stock  or  other  consideration  (including,  where  permitted  by law  and  the
Committee,  Awards) having a Fair Market Value on the day

                                       11
<PAGE> 12

immediately preceding the exercise date equal to the total Exercise Price, or by
any  combination  of cash,  shares  of Common  Stock  and  other  consideration,
including exercise by means of a cashless exercise arrangement with a qualifying
broker-dealer, as the Committee may specify in the applicable Award Agreement.

10.    RIGHTS OF PARTICIPANTS.
       ----------------------

      No Participant  shall have any rights as a shareholder with respect to any
shares of Common  Stock  covered by an Option  until the date of  issuance  of a
stock  certificate  for such Common Stock.  Nothing  contained  herein or in any
Award  Agreement  confers on any person any right to  continue  in the employ or
service of the Holding Company or an Affiliate or interferes in any way with the
right of the  Holding  Company or an  Affiliate  to  terminate  a  Participant's
services.

11.   DESIGNATION OF BENEFICIARY.
      --------------------------

      A Participant  may, with the consent of the Committee,  designate a person
or persons to receive, in the event of death, any Award to which the Participant
would then be entitled. Such designation will be made upon forms supplied by and
delivered to the Holding Company and may be revoked in writing. If a Participant
fails effectively to designate a beneficiary, then the Participant's estate will
be deemed to be the beneficiary.

12.   DILUTION AND OTHER ADJUSTMENTS.
      ------------------------------

      In the event of any change in the  outstanding  shares of Common  Stock by
reason of any stock dividend or split, recapitalization,  merger, consolidation,
spin-off,  reorganization,  combination or exchange of shares,  or other similar
corporate  change,  or other increase or decrease in such shares without receipt
or  payment  of  consideration  by  the  Holding  Company,  or in the  event  an
extraordinary  capital  distribution  is  made,  the  Committee  may  make  such
adjustments to previously  granted Awards, to prevent dilution,  diminution,  or
enlargement  of the  rights  of  the  Participant,  including  any or all of the
following:

      (a)   adjustments  in the  aggregate  number  or kind of  shares of Common
            Stock or other  securities that may underlie future Awards under the
            Plan;

      (b)   adjustments  in the  aggregate  number  or kind of  shares of Common
            Stock or other securities  underlying  Awards already made under the
            Plan;

      (c)   adjustments in the Exercise Price of  outstanding  Incentive  and/or
            Non-Statutory Stock Options.

No such  adjustments  may,  however,  materially  change  the value of  benefits
available to a Participant  under a previously  granted Award.  All Awards under
this Plan shall be binding upon any successors or assigns of the Holding Company
and the Association.

                                       12
<PAGE> 13

13.   TAXES.
      -----

      Whenever  under  this  Plan,  cash or  shares  of  Common  Stock are to be
delivered  upon  exercise or payment of an Award or any other event with respect
to rights and benefits hereunder,  the Committee shall be entitled to require as
a condition of delivery (i) that the Participant  remit an amount  sufficient to
satisfy all federal,  state,  and local  withholding  tax  requirements  related
thereto, (ii) that the withholding of such sums come from compensation otherwise
due to the Participant or from any shares of Common Stock due to the Participant
under this Plan or (iii) any  combination of the foregoing;  PROVIDED,  HOWEVER,
that no amount shall be withheld from any cash payment or shares of Common Stock
relating to an Award which was transferred by the Participant in accordance with
this Plan.  Furthermore,  Participants  may direct the Committee to instruct the
Trustee to sell shares of Common  Stock to be  delivered  upon the payment of an
Award to satisfy tax obligations.

14.   NOTIFICATION UNDER SECTION 83(b).
      --------------------------------

      The  Committee  may,  on the Date of Grant or any later  date,  prohibit a
Participant  from making the election  described below. If the Committee has not
prohibited  such  Participant  from making such  election,  and the  Participant
shall, in connection with the exercise of any Option,  or the grant of any Stock
Award,  make the  election  permitted  under  Section  83(b) of the  Code,  such
Participant shall notify the Committee of such election within 10 days of filing
notice of the election  with the Internal  Revenue  Service,  in addition to any
filing and  notification  required  pursuant  to  regulations  issued  under the
authority of Section 83(b) of the Code.

15.   AMENDMENT OF THE PLAN AND AWARDS.
      --------------------------------

      (a) Except as provided in  paragraph  (c) of this Section 15, the Board of
Directors  may at any time,  and from time to time,  modify or amend the Plan in
any respect, prospectively or retroactively;  PROVIDED, HOWEVER, that provisions
governing  grants of Incentive  Stock Options shall be submitted for shareholder
approval to the extent  required by law,  regulation  or  otherwise.  Failure to
ratify or approve amendments or modifications by shareholders shall be effective
only as to the specific amendment or modification requiring such ratification or
approval. Other provisions of this Plan will remain in full force and effect. No
such termination, modification or amendment may adversely affect the rights of a
Participant  under an outstanding  Award without the written  permission of such
Participant.

      (b) Except as provided in paragraph  (c) of this Section 15, the Committee
may  amend  any  Award  Agreement,  prospectively  or  retroactively;  PROVIDED,
HOWEVER,  that no such  amendment  shall  adversely  affect  the  rights  of any
Participant  under an  outstanding  Award  without the  written  consent of such
Participant.

      (c) In no event shall the Board of  Directors  amend the Plan or shall the
Committee amend an Award Agreement in any manner that has the effect of:

                                       13
<PAGE> 14

            (i)   Allowing any Option to be granted with an Exercise Price below
                  the  Fair  Market  Value  of the  Common  Stock on the Date of
                  Grant.

            (ii)  Allowing the Exercise Price of any Option  previously  granted
                  under the Plan to be reduced subsequent to the Date of Award.

16.   EFFECTIVE DATE OF PLAN.
      ----------------------

      The  Incentive  Plan shall  become  effective:  (i)  immediately  upon the
affirmative  vote  of a  majority  of  the  total  shares  outstanding  and  the
affirmative  vote of the majority of total shares  outstanding,  excluding those
shares  beneficially owned by Enfield Mutual Holding Company; or (ii) on June 5,
2003.

17.   TERMINATION OF THE PLAN.
      -----------------------

      The right to grant Awards under the Plan will  terminate  upon the earlier
of: (i) ten (10) years  after the  Effective  Date;  or (ii) the  issuance  of a
number of shares of Common  Stock  pursuant  to the  exercise  of Options or the
distribution  of Stock  Awards is  equivalent  to the  maximum  number of shares
reserved under the Plan as set forth in Section 4 hereof. The Board of Directors
has the right to suspend or  terminate  the Plan at any time,  provided  that no
such  action  will,  without the consent of a  Participant,  adversely  affect a
Participant's vested rights under a previously granted Award.

18.   APPLICABLE LAW.
      --------------

      The Plan will be  administered in accordance with the laws of the State of
Maryland.

19.   COMPLIANCE WITH FEDERAL REGULATIONS.
      -----------------------------------

      This Plan will comply  with the  requirements  set forth in 12 C.F.R.  ss.
563b.500.

                                       14<PAGE>

                                                                    EXHIBIT 10.2

                             PENTEGRA SERVICES, INC.

                    EMPLOYEES' SAVINGS & PROFIT SHARING PLAN
                               BASIC PLAN DOCUMENT

                            (Subject to IRS Approval)

<PAGE>
<TABLE>
<CAPTION>

                                            TABLE OF CONTENTS

<S>                                                                                                           <C>
ARTICLE I PURPOSE AND DEFINITIONS .............................................................................3

ARTICLE II PARTICIPATION AND MEMBERSHIP ......................................................................13
   Section 2.1         Eligibility Requirements ..............................................................13
   Section 2.2         Exclusion of Certain Employees ........................................................14
   Section 2.3         Waiver of Eligibility Requirements ....................................................14
   Section 2.4         Exclusion of Non-Salaried Employees ...................................................15
   Section 2.5         Commencement of Participation .........................................................15
   Section 2.6         Termination of Participation ..........................................................16

ARTICLE III CONTRIBUTIONS ....................................................................................17
   Section 3.1         Contributions by Members ..............................................................17
   Section 3.2         Elective Deferrals by Members .........................................................17
   Section 3.3         Transfer of Funds and Rollover Contributions by Members ...............................18
   Section 3.4         Employer Contributions - General ......................................................21
   Section 3.5         Employer Matching Contributions .......................................................21
   Section 3.6         Employer Basic Contributions ..........................................................21
   Section 3.7         Supplemental Contributions by Employer ................................................22
   Section 3.8         The Profit Sharing Feature ............................................................23
   Section 3.9         The 401(k) Feature ....................................................................27
   Section 3.10        Determining the Actual Deferral Percentages ...........................................29
   Section 3.11        Determining the Actual Contribution Percentages .......................................30
   Section 3.12        The Aggregate Limit Test ..............................................................34
   Section 3.14        Safe Harbor CODA ......................................................................34
   Section 3.15        Catch-Up Contributions ................................................................35

ARTICLE IV INVESTMENT OF CONTRIBUTIONS .......................................................................36
   Section 4.1         Investment by Trustee or Custodian ....................................................36
   Section 4.2         Member Directed Investments ...........................................................36
   Section 4.3         Employer Securities ...................................................................37
   Section 4.4         Life Insurance ........................................................................37

ARTICLE V MEMBERS' ACCOUNTS, UNITS AND VALUATION .............................................................39

ARTICLE VI VESTING OF ACCOUNTS ...............................................................................40
   Section 6.1         Vesting of Member Contributions, 401(k) Deferrals, Qualified Nonelective ..............40
   Section 6.2         Vesting of Employer Contributions .....................................................40
   Section 6.3         Forfeitures ...........................................................................43

ARTICLE VII WITHDRAWALS AND DISTRIBUTIONS ....................................................................45
   Section 7.1         General Provisions ....................................................................45
   Section 7.2         Withdrawals While Employed ............................................................46
   Section 7.3         Distributions Upon Termination of Employment ..........................................48
   Section 7.4         Distribution Upon Severance From Employment ...........................................53
   Section 7.5         Distributions Due to Disability .......................................................53
   Section 7.6         Distributions Due to Death ............................................................53
   Section 7.7         Minimum Required Distributions ........................................................54
   Section 7.8         Minimum Required Distributions (Beginning on November 1, 2002) ........................58

ARTICLE VIII LOAN PROGRAM ....................................................................................65
   Section 8.1         General Provisions ....................................................................65
   Section 8.2         Loan Application ......................................................................65
   Section 8.3         Permitted Loan Amount .................................................................67
   Section 8.4         Source of Funds for Loan ..............................................................67
   Section 8.5         Conditions of Loan ....................................................................68

<PAGE>

   Section 8.6         Crediting of Repayment ................................................................68
   Section 8.7         Cessation of Payments on Loan .........................................................68
   Section 8.8         Loans to Former Members ...............................................................69
   Section 8.9         Effect of KETRA and GOZA on Outstanding Loans .........................................69

ARTICLE IX  TRUSTEE AND CUSTODIAN ............................................................................70
   Section 9.1         Basic Responsibilities of the Trustee .................................................70
   Section 9.2         Investment Powers and Duties of Trustee ...............................................72
   Section 9.3         Powers and Duties of Custodian ........................................................77
   Section 9.4         Trustee's Compensation, Expenses, Taxes and Indemnification ...........................77
   Section 9.5         Reporting and Recordkeeping ...........................................................78
   Section 9.6         Amendment, Termination, Resignation and Removal .......................................79

ARTICLE X  ADMINISTRATION OF PLAN AND ALLOCATION OF RESPONSIBILITIES..........................................81
   Section 10.1        Fiduciaries............................................................................81
   Section 10.2        Allocation of Responsibilities Among the Fiduciaries...................................81
   Section 10.3        No Joint Fiduciary Responsibilities....................................................83
   Section 10.4        Investment Manager.....................................................................84
   Section 10.5        Advisor to Fiduciary...................................................................84
   Section 10.6        Service in Multiple Capacities.........................................................84
   Section 10.7        Appointment of Plan Administrator......................................................84
   Section 10.8        Powers of the Plan Administrator.......................................................85
   Section 10.9        Duties of the Plan Administrator.......................................................85
   Section 10.10       Action by the Plan Administrator.......................................................85
   Section 10.11       Discretionary Action...................................................................85
   Section 10.12       Compensation and Expenses of Plan Administrator........................................85
   Section 10.13       Self Interest..........................................................................86
   Section 10.14       Personal Liability - Indemnification...................................................86
   Section 10.15       Insurance..............................................................................87
   Section 10.16       Claims Procedures......................................................................87
   Section 10.17       Claims Review Procedures...............................................................87

ARTICLE XI  MISCELLANEOUS PROVISIONS..........................................................................89
   Section 11.1        General Limitations....................................................................89
   Section 11.2        Top Heavy Provisions...................................................................95
   Section 11.3        Information and Communications.........................................................97
   Section 11.4        Small Account Balances.................................................................98
   Section 11.5        Amounts Payable to Incompetents, Minors or Estates.....................................98
   Section 11.6        Non-Alienation of Amounts..............................................................98
   Section 11.7        Unclaimed Amounts Payable..............................................................98
   Section 11.8        Return of Contributions to Employer...................................................100
   Section 11.9        Controlling Law.......................................................................100

ARTICLE XII AMENDMENT & TERMINATION .........................................................................101
   Section 12.1        General ..............................................................................101
   Section 12.2        Termination of Plan and Trust ........................................................101
   Section 12.3        Liquidation of Trust Assets in the Event of Termination ..............................101
   Section 12.4        Partial Termination ..................................................................101
   Section 12.5        Power to Amend .......................................................................102
   Section 12.6        Solely for Benefit of Members, Terminated Members and their Beneficiaries ............102
   Section 12.7        Successor to Business of the Employer ................................................103
   Section 12.8        Merger, Consolidation and Transfer ...................................................103
   Section 12.9        Revocability .........................................................................103
</TABLE>

<PAGE>

                                    ARTICLE I
                             PURPOSE AND DEFINITIONS

Section 1.1

This Plan and Trust, as evidenced hereby, and the applicable Adoption Agreement
and Trust Agreement(s), are designed and intended to qualify in form as a
qualified profit sharing plan and trust under the applicable provisions of the
Internal Revenue Code of 1986, as now in effect or hereafter amended, or any
other applicable provisions of law including, without limitation, the Employee
Retirement Income Security Act of 1974, as amended. Except as otherwise provided
herein and consistent with Internal Revenue Service Notice 2004-84 and related
guidance concerning the remedial amendment and approval cycle for master and
prototype defined contribution plans, effective January 1, 2 002 (including any
amendments through January 31, 2006), and subject to IRS approval, the Plan is
hereby amended and restated in its entirety to provide as follows:

SECTION 1.2

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

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

     (B)   "ACQUIRED EMPLOYEES" means employees who become employees as a result
           of a transaction under Section 410(b)(6)(C) of the Code. Such
           Employees will be excluded during the period beginning on the date of
           the transaction and ending on the last day of the first Plan year
           beginning after the date of the transaction. A transaction under
           Section 410(b) (6)(C) of the Code is an asset or stock acquisition,
           merger or similar transaction involving a change in the employer of
           the employees of a trade or business.

     (C)   "ACTUAL DEFERRAL PERCENTAGE TEST SAFE HARBOR" means the method
           described in Section 3.14 (A) of Article Ill for satisfying the
           actual deferral percentage test of ss.401(k)(3) of the Code.

     (D)   "ACTUAL DEFERRAL PERCENTAGE TEST SAFE HARBOR CONTRIBUTIONS" means
           Employer matching contributions and non-elective contributions
           described in section 3.14 (A) (1) of Article III.

                                       1

<PAGE>

     (E)   "ADOPTION AGREEMENT" means the separate document by which the
           Employer has adopted the Plan and specified certain of the terms and
           provisions hereof. If any term, provision or definition contained in
           the Adoption Agreement is inconsistent with any term, provision or
           definition contained herein, the one set forth in the Adoption
           Agreement shall govern. The Adoption Agreement shall be incorporated
           into and form an integral part of the Plan.

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

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

     (H)   "BREAK IN SERVICE" means:

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

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

                                       2

<PAGE>

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

     (J)   "COMMENCEMENT DATE" means the date on which an Employer begins to
           participate in the Plan.

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

     (L)   "DISABILITY" means a Member's disability as defined in Article VII,
           Section 7.5.

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

     (N)   "EARNED INCOME" means the net earnings from self-employment in the
           trade or business with respect to which the plan is established, for
           which the personal services of the individual are a material
           income-producing factor. Net earnings will be determined without
           regard to items not included in gross income and the deductions
           allocable to such items. Net earnings are reduced by contributions
           made by the Employer to a qualified plan to the extent deductible
           under Code Section 404. In addition, net earnings shall be determined
           with regard to the deduction all owed to the taxpayer by Code Section
           164(f), for taxable years beginning after December 31, 1989.

     (0)   "EMPLOYEE" means any person in Employment, and who receives
           compensation from, the Employer, and any leased employee within the
           meaning of Section 414(n)(2) of the Code. The term "leased employee"
           means 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 per sons determined in accordance with
           Section 414(n) (6) of the Code) 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. 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 if: (i) such employee is covered by a money purchase
           pension plan providing: (1) a nonintegrated employer contribution
           rate of at least 10 percent of compensation, as defined in Section
           415(c) (3) of the Code, but including amounts contributed pursuant to
           a salary reduction agreement which are excludable from the employee's

                                       3

<PAGE>

           gross income under Section 125, Section 402(e) (3), Section 402(h)(1)
           (B) or Section 403(b) of the Code, (2) immediate participation, and
           (3) full and immediate vesting; and (ii) leased employees do not
           constitute more than 20 percent of the recipient's non-highly
           compensated work force.

           An Owner-employee means an individual who is a sole proprietor, or
           who is a partner owning more than 10 percent of either the capital or
           profits interest of the partnership.

     (P)   "EMPLOYER" means the entity named in the Adoption Agreement and any
           other entity which, together therewith, constitutes an affiliated
           service group (as defined in Section 414(m)(2) of the Code), any
           corporation which, together therewith, constitutes a controlled group
           of corporations as defined in Section 1563 of the Code, and any other
           trade or business (whether incorporated or not) which, together
           therewith, are required to be aggregated under Sections 414(b),
           414(c), or 414(o) of the Code. For purposes of the definition of
           "Salary" in Section 1.2(11) and Article III of the Plan, "Employer"
           shall refer only to the applicable entity that is participating in
           the Plan.

     (Q)   "EMPLOYMENT" means service with an Employer.

     (R)   "ENROLLMENT DATE" means the date on which an Employee becomes a
           Member as provided under Article II.

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

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

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

                                       4
<PAGE>

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

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

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

           A highly compensated former employee is based on the rules
           applicable to determining Highly Compensated Employee status as in
           effect for that determination year, in accordance with section
           1.414(q)-IT, A-4 of the temporary Income Tax Regulations and IRS
           Notice 97-45.

           In determining whether an employee is a Highly Compensated Employee
           for years beginning in 1997, the amendments to section 414(q) stated
           above are treated as having been in effect for years beginning in
           1996.

     (V)   "HOUR OF EMPLOYMENT" means:

           1) Each hour for which an Employee is paid, or entitled to payment,
              for the performance of duties for an Employer. These hours will be
              credited to the Employee for the computation period in which the
              duties are performed; and

           2) Each hour for which an Employee is paid, or entitled to payment,
              by an Employer on account of a period of time during which no
              duties are performed (irrespective of whether the employment
              relationship has terminated) due to vacation, holiday, illness,
              incapacity (including disability), layoff, jury duty, military
              duty or leave of absence. No more than 501 Hours of Employment
              will be credited under this Subsection (2) for any single
              continuous period (whether or not such period occurs in a single
              computation period). Hours under this Subsection (2) will be
              calculated and credited pursuant to Section 2530.200b-2 of the DOL
              Regulations which is incorporated herein by this reference; and

           3) Each hour for which back pay, irrespective of mitigation of
              damages, is either awarded or agreed to by an Employer. The same
              Hours of Employment will not be credited both under Subsection (1)
              or (2), as

                                       5

<PAGE>

              the case may be, and under this Subsection (3). 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.

              Hours of Employment will be credited for employment with other
              members of an affiliated service group (under Code Section
              414(m)), a controlled group of corporations (under Code Section
              414(b)), or a group of trades or businesses under common control
              (under Code Section 414(c)), of which the Employer is a member,
              and any other entity required to be aggregated with such Employer
              pursuant to Code Section 414(o).

              Hours of Employment will also be credited for any individual
              considered an Employee for purposes of the Plan under Code Section
              414(n) or Section 414(o).

              Solely for purposes of determining eligibility to participate,
              "Hour of Employment" shall include service performed by an
              individual for an Employer or members of an affiliated service
              group (under Code Section 414(m)), a controlled group of
              corporations (under Code Section 414(b)), or a group of trades or
              businesses under common control (under Code Section 414(c)), of
              which the Employer is a member, during the period such individual
              is not a member of a class of Employees otherwise eligible to
              participate in the Plan.

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

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

     (Y)   "LEAVE OF ABSENCE" means an absence authorized by an Employee's
           Employer and approved by the Plan Administrator, on a uniform basis,
           in accordance with Article X.

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

                                       6
<PAGE>

           Notwithstanding the above, Member shall also mean any Employee who,
           in accordance with Article Ill, Section 3.3 and the terms of the
           Plan, makes a rollover contribution to the Plan. Such Employee shall
           be considered a Member for purposes of such Rollover contribution(s)
           only and shall not share in the rights and privileges of those
           Members enrolled in the membership of the Plan in accordance with
           Article II.

     (AA)  "MONTH" means any calendar month.

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

     (CC)  "NON-HIGHLY COMPENSATED EMPLOYEE" means an Employee who is not a
           Highly Compensated Employee.

     (DD)  "NORMAL RETIREMENT AGE" means the Member's sixty-fifth (65th)
           birthday unless otherwise specified in the Adoption Agreement.

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

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

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

                                       7

<PAGE>

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

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

     (II)  "PLAN YEAR" means a consecutive 12-month period ending December 31
           unless an alternative 12 consecutive month period is specified in the
           Adoption Agreement.

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

     (KK)  "SALARY" means regular basic monthly salary or wages, exclusive of
           special payments such as overtime, bonuses, fees, deferred
           compensation (other than pre-tax elective deferrals pursuant to a
           Member's election under Article III), severance payments, and
           contributions by the Employer under this or any other plan (other
           than before-tax contributions made on behalf of a Member under a Code
           Section 125 cafeteria plan and, effective for Plan Years beginning on
           or after January 1, 2001, qualified transportation fringe benefits
           under Code Section 132(f), unless the Employer specifically elects to
           exclude such contributions or benefits). Commissions shall be
           included at the Employer's option within such limits, if any, as may
           be set by the Employer in the Adoption Agreement and applied
           uniformly to all its commissioned Employees. In addition, Salary may
           also include, at the Employer's option, special payments such as (i)
           overtime or (ii) overtime plus bonuses.

           Alternatively, at the Employer's option, Salary may be defined as
follows:

           1) to include total taxable compensation reported on the Member's IRS
              Form W-2, plus deferrals, if any, pursuant to Sections 401(k),
              475(b), 403(b), 402(h), 402(g)(3), and 125 of the Code, plus,
              effective for Plan Years beginning on or after January 1, 2001,
              qualified transportation fringe benefits under Code Section 132(f)
              (unless the Employer specifically elects to exclude such Section
              125 deferrals or Section 132(f) amounts), but excluding
              compensation deferred from previous years;

           2) wages, salaries and 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 to the extent that the
              amounts are includible in gross

                                       8

<PAGE>

              income (including, but not limited to, commissions paid
              salespersons, 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)), and excluding (i) Employer contributions to a plan of
              deferred compensation which are not includible in the Employee's
              gross income for the taxable year in which contributed, or
              Employer contributions under a simplified employee pension plan to
              the extent such contributions are excludable from the Employee's
              gross income, or any distributions from a plan of deferred
              compensation; (ii) amounts realized from the exercise of a
              nonqualified stock option, or when restricted stock (or property)
              held by the Employee either becomes freely transferable or is no
              longer subject to a substantial risk of forfeiture; (iii) amounts
              realized from the sale, exchange or other disposition of stock
              acquired under a qualified stock option; and (iv) 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 an annuity contract described in Code
              Section 403(b) (whether or not contributions are actually
              excludable from the gross income of the Employee); plus deferrals,
              if any, pursuant to Sections 401(k, 457(b), 403(b), 402(h),
              402(g)(3) and 125 of the Code, plus, effective for Plan Years
              beginning on or after January 1, 2001, qualified transportation
              fringe benefits under Code Section 132(f) (unless the Employer
              specifically elects to exclude such Section 125 deferrals or
              Section 132(f) amounts), but excluding compensation deferred from
              previous years; or

           3) wages within the meaning of Code Section 3401(a) for purposes of
              income tax withholding at the source but determined without regard
              to any rules that limit the remuneration included in wages based
              on the nature or location of the employment or the services
              performed (such as the exception for agricultural labor in Code
              Section 3401(a)(2)).

Notwithstanding any provision of the plan to the contrary, Salary for any
Self-Employed Individual shall be equal to Earned Income.

If the Employer so elects in the Adoption Agreement, Salary for any Employee
shall only be considered for the period during which such Employee is eligible
for Membership in the Plan.

For Plan Years beginning on or after January 1, 1994 and before January 1, 2
002, the annual Salary of each Member taken into account for any Plan Year shall
not

                                       9

<PAGE>

              exceed for purposes of the Plan $150,000 (adjusted for cost of
              living to the extent permitted by Section 401(a)(17)(B) of the
              Code and the IRS Regulations).

              For any Plan Year beginning after December 31, 2001, the annual
              Salary of each Member taken into account for purposes of the Plan
              shall not exceed $200,000 (adjusted for cost of living to the
              extent permitted by Section 401(a) (17)(B) of the Code and the IRS
              Regulations).

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

     (LL)  "SELF-EMPLOYED INDIVIDUAL" means an individual who has Earned Income
           for the taxable year from the trade or business for which the plan is
           established, and, also, is an individual who would have had Earned
           Income but for the fact that the trade or business had no net profits
           for the taxable year. A Self-Employed Individual shall be treated as
           an Employee.

     (MM)  "SOCIAL SECURITY TAXABLE WAGE BASE" means the contribution and
           benefit base attributable to the OASDI portion of Social Security
           employment taxes under Section 230 of the Social Security Act (42
           U.S.C. - ss.430) in effect on the first day of each Plan Year.

     (NN)  "SPOUSE" or "SURVIVING SPOUSE" means the individual to whom a Member
           or former Member was married on the date such M ember withdraws his
           Account, or if such Member has not withdrawn his Account, the
           individual to whom the Member or former Member was married on the
           date of his death. For purposed of the Plan, a Member will be treated
           as married only if the Member's marriage is recognized under the U.S.
           Defense of Marriage Act of 1996 and the individual to whom the Member
           is married will only be treated as the Member's spouse under the Plan
           if that individual is recognized as the spouse of the Member under
           the U.S. Defense of Marriage Act of 1996.

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

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

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

                                       10
<PAGE>

     (RR)  "TRUST AGREEMENT" means the document by which the Employer or its
           Board has appointed a Trustee of the Plan, specified the terms and
           conditions of such appointment and any fees associated there with.
           The Employer or its Board may either adopt a separate Trust
           Instrument or utilize the Trust instrument provided under Article IX
           of the Plan.

     (SS)  "TRUST FUND" means the Trust Fund or Funds established by the Trust
           Agreement or Agreements.

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

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

     (VV)  "YEAR OF EMPLOYMENT" means a period of service of 12 months.

     (WW)  "YEAR OF SERVICE" means any Plan Year during which an individual
           completed at least 1,000 Hours of Employment, or satisfied any
           alternative requirement, as determined by the Plan Administrator in
           accordance with any applicable Regulations issued by the DOL and the
           IRS.

     (XX)  "YEAR OF ELIGIBILITY SERVICE" means where an Employer designates a
           one or two 12-consecutive-month eligibility waiting period, an
           Employee must complete at least 1,000 Hours of Employment during each
           12-consecutive-month period (measured from his date of Employment and
           then as of the first day of each Plan Year commencing after such date
           of Employment); provided, however, if an Employee is credited with
           1,000 Hours of Employment in both the initial eligibility computation
           period and the first Plan Year which commences prior to the first
           anniversary of the Employee's employment commencement date, the
           Employee will be credited, for eligibility purposes, with two Years
           of Eligibility Service. Where an Employer designates an eligibility
           waiting period of less than 12 months, an Employee must, for purposes
           of eligibility, complete a required number of hours (measured from
           his date of Employment and each anniversary thereafter) which is
           arrived at by multiplying the number of months in the eligibility
           waiting period requirement by 83 Y3; provided, however, if an
           Employee completes at least 1,000 Hours of Employment within the 12
           month period commencing on his Employment commencement date or during
           any Plan Year commencing after such Employment commencement date,
           such Employee will be treated as satisfying the eligibility service
           requirements.

                                       11
<PAGE>

SECTION 1.3

The masculine pronoun wherever used shall include the feminine pronoun.

                                       12

<PAGE>

                                   ARTICLE II
                          PARTICIPATION AND MEMBERSHIP

SECTION 2.1   ELIGIBILITY REQUIREMENTS

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

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

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

If a non-vested Member terminates employment without a vested interest in his
Account derived from Employer contributions, Years of Employment (or, as
applicable, Years of Service) before a period of consecutive Breaks in Service
will not be taken into account for eligibility purposes if the number of
consecutive Breaks in Service in such period equals or exceeds the greater of
five or the aggregate number of Years of Employment (or, as applicable Years of
Service) before such break. If a Member's service is disregarded pursuant to
this paragraph, such Member will be treated as a new Employee for eligibility
purposes.

                                       13
<PAGE>

An Employer may, at its option, subject to the provisions of the Plan, adopt
different Plan features and provisions for different definable groups of
Employees, including Employees acquired pursuant to a merger or acquisition.
The Employer must demonstrate that the Plan continues to operate in compliance
with the applicable provisions of the Code and IRS Regulations following the
adoption of different Plan features for different definable groups of Employees.

SECTION 2.2   EXCLUSION OF CERTAIN EMPLOYEES

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

   i.    Employees not meeting the age and service requirements;

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

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

   iv.   Acquired Employees as defined in Article 1 Section 1.2(b).

   v.    Employees who are not regular full time or part time Employees (Flex
         Staff Employees).

   vi.   Leased Employees within the meaning of Section 414(n )(2) of the Code.

   vii.  Short Term Employees (i.e. Employees hired under a written agreement
         which precludes Membership in the Plan and provides for a specific
         period of Employment not to exceed one year).

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

SECTION 2.3   WAIVER OF ELIGIBILITY REQUIREMENTS

The Employer, at its election, may waive the eligibility requirement(s) for
participation specified above for (i) all Employees, or (ii) all those employed
on or up to 12 months after its Commencement Date under the Plan. Subject to the
requirements of the Code, the eligibility

                                       14

<PAGE>

waiting period shall be deemed to have been satisfied for an Employee who was
previously a Member of the Plan.

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

SECTION 2.4   EXCLUSION OF NON-SALARIED EMPLOYEES

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

SECTION 2.5   COMMENCEMENT OF PARTICIPATION

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

        (1)   The Employer's Commencement Date, or

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

        (3)   The earlier of either the first day of the Plan Year or the first
              day of the seventh month of the Plan Year coincident with or next
              following the satisfaction of the eligibility requirements
              specified in the Adoption Agreement.

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

If an Employee fails to complete the enrollment form furnished to him, the Plan
Administrator shall do so on his behalf. In the event the Plan Administrator
processes the enrollment form

                                       15

<PAGE>

on behalf of the Employee, the Employee shall be deemed to have elected not to
make any contributions and/or elective deferrals under the Plan, if applicable.

In the event a Member is no longer a member of an eligible class of employees
and becomes ineligible to participate but has not incurred a break in service,
such Employee will participate immediately upon returning to an eligible class
of employees. If such Member incurs a break in service, eligibility will be
determined under the break in service rules of the Plan.

In the event an Employee who is not a member of an eligible class of employees
becomes a member of an eligible class, such Employee will participate
immediately if such Employee has satisfied the minimum age and service
requirements and would have otherwise previously become a Member.

SECTION 2.6   TERMINATION OF PARTICIPATION

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

                                       18

<PAGE>

                                   ARTICLE III
                                  CONTRIBUTIONS

SECTION 3.1   CONTRIBUTIONS BY MEMBERS

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

SECTION 3.2   ELECTIVE DEFERRALS BY MEMBERS

If the Adoption Agreement so provides, each Member may elect to make pre-tax
elective deferrals (401(k) deferrals) under the Plan, based on increments of
1(0)/0 of his Salary provided the amount thereof, when aggregated with the
amount of any after- tax contributions, does not exceed the limit established by
the Employer in the Adoption Agreement and in no event exceeds the limits of
Code Sections 401(k), 402(g), 40 4 and 415, except to the extent Catch-up
contributions are permitted under the Plan in accordance with Section 414(v) of
the Code and Section 3.15 of the Plan. Alternatively, a Member may elect to
contribute for a Plan Year a dollar amount which does not exceed the maximum
amount permitted under this Section 3.2 or the limit established by the Employer
in the Adoption Agreement for such Plan Year and a pro-rata portion shall be
withheld from each payment of Salary to such Member for the balance of the Plan
Year remaining after the election takes effect. All such 401(k) deferrals shall
be separately accounted for, nonforfeitable and distributed under the terms and
conditions described under Article VII with and in addition to any other benefit
to which the Member is entitled hereunder. A Member may change his 401(k)
deferral rate or suspend his 401(k) deferrals as designated in the Adoption
Agreement, but reduced or suspended deferrals may not subsequently be made up.

Notwithstanding any other provision of the Plan, no Member may make 401(k)
deferrals during any Plan Year in excess of $11,000 as adjusted for cost-of
living under Section 402(g) of the Code. In the event that the aggregate amount
of such 401(k) deferrals for a Member exceeds the limitation in the previous
sentence, the amount of such excess, increased by any income and decreased by
any losses attributable thereto, shall be refunded to such Member no later than
the April 15 of the Plan Year following the Plan Year for which the 401(k)
deferrals were made. If a Member also participates, in any Plan Year, in any
other plans subject to the limitations set forth in Section 402(g) of the Code
an d has made excess 401(k) deferrals under this Plan when combined with the
other plans subject to such limits, to the

                                       17
<PAGE>

extent the Member, in writing designates to the T PA any 401(k) deferrals under
this Plan as excess deferrals by no later than the March 1 of the Plan Year
following the Plan Year for which the 401(k) deferrals were made, the amount of
such designated excess, increased by any income and decreased by any losses
attributable thereto, shall be refunded to the Member no later than the April 15
of the Plan Year following the Plan Year for which the 401(k) deferrals were
made.

If so elected by the Employer in the Adoption Agreement, a Member may make a
special election to defer a percentage of any bonuses received during the Plan
Year subject to limits of Code Sections 401(k), 402(g), 404 and 415.

If so elected by the Employer in the Adoption Agreement, a Member may designate
all or a portion of his or her elective deferrals to the Plan as Roth 401(k)
contributions, in accordance with Code Sections 402A and 401(k) and the
applicable regulations and guidance issued thereunder.

SECTION 3.3   TRANSFER OF FUNDS AND ROLLOVER CONTRIBUTIONS BY MEMBERS

Each Member may elect to make, directly or indirectly, a rollover contribution
to the Plan of amounts held on his behalf in (i) an employee benefit plan
qualified under Section 401(a) or 403(a) of the Code, (ii) an individual
retirement account or annuity as described in Section 408(d)(3) of the Code,
(iii) an annuity contract described in Section 403(b) of the Code, excluding
after-tax contributions, (iv) an eligible plan under Section 457(b) of the Code
which is maintained by state, political subdivision of a state, or an agency or
instrumentality of a state or political subdivision of a state. All such amounts
shall be certified in form and substance satisfactory to the Plan Administrator
by the Member as being all or part of an "eligible rollover distribution" or a
"rollover contribution" within the meaning of Section 402(c)(4) or Section
408(d)(3), respectively, of the Code. Such rollover amounts, along with the
earnings related thereto, will be accounted for separately from any other
amounts in the Member's Account. A Member shall have a nonforfeitable vested
interest in all such rollover amounts.

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

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

                                       18
<PAGE>

earnings thereon, shall be subject to the provisions of Section 7.3 which are
applicable when an Employer elects to provide an annuity option under the Plan.

In the event the Employer transfers assets into the plan which are attributable
to an Employee Stock Ownership Plan ("ESOP"), such assets shall be subject to
the following.

         1)    Put Option -- Unless ownership of virtually all stock of an
               Employer which meets the applicable requirements of Code Section
               409(1) and ERISA Section 407(d)(5) ("Employer Stock") is
               restricted to active Employees and qualified retirement plans for
               the benefit of Employees pursuant to the Employer's certificates
               of incorporation or by-laws or where the ESOP is maintained by a
               subchapter S corporation, a terminated Member of the Beneficiary
               of a deceased Member may instruct the Plan Administrator to
               distribute the portion of the Member's vested interest in his
               Account attributable to and transferred from an ESOP in the form
               of Employer Stock. Any Member who receives such Employer Stock,
               and any person who has received such Employer Stock from the Plan
               or from a Member by reason of the Member's death or in
               competency, by reason of divorce or separation from the Member,
               or by reason of a rollover distribution described in Section 402
               (c) of the Code, shall have the right to require the Employer
               which issued the Employer Stock to purchase the Employer Stock
               for its current fair market value (hereinafter referred to as the
               "put right"). The put right shall be exercisable by written
               notice to the Plan Administrator during the first 60 days after
               the Employer Stock attributable to the ESOP is distributed by the
               Plan, and, if not exercised in that period, during the first 60
               days in the following Plan Year after the Plan Administrator has
               communicated to the Member its determination as to the Employer
               Stock's current fair market value. If the put right is exercised,
               the Trustee may, if so directed by the Plan Administrator in its
               sole discretion, assume the Employer's rights and obligations
               with respect to purchasing the Stock. However, the put right
               shall not apply to purchasing the Stock. However, the put right
               shall not apply to the extent that the Employer Stock, at the
               time the put right would otherwise be exercisable, is readily
               tradable on an established securities market (within the meaning
               of Code Section 409(h)(1)(B)).

         2)    Valuation -- If the valuation of the Employer Stock attributable
               to the ESOP is not established by reported trading on a generally
               recognized public market, the Plan Administrator shall have the
               exclusive authority and responsibility to determine the value of
               such Employer Stock. Such value shall be determined as of each
               Valuation Date and on any other date as of which the Trustee
               purchased or sells Employer Stock in a manner consistent with
               Section 4975 of the Code and the Treasury Regulations thereunder.
               The Plan Administrator shall use generally accepted methods of
               valuing stock of similar corporations for purposes of arm's
               length business and investment transactions, and in this

                                       19
<PAGE>

               connection the Plan Administrator shall obtain, and to the
               fullest extent permitted by law shall be protected in relying
               upon, the valuation of Employer Stock as determined by an
               independent appraiser experienced in preparing valuation of
               similar businesses.

         3)    Diversification - The Plan Administrator shall provide for a
               procedure under which each Member may, during the first five
               years of a certain six-year period, elect to have up to 25
               percent (determined on a cumulative basis) of the value of his
               Account attributable to the ESOP committed to alternative
               investment options under the Plan. For the sixth year in this
               period, the Member may elect to have up to 50 percent (determined
               on a cumulative basis) of the value of such Account committed to
               other investments. The six-year period shall begin with the Plan
               Year following the first Plan Year in which the M ember has both
               reached age 55 and completed 10 years of membership in the Plan
               (including periods of participation in the related ESOP); a
               Member's election to diversify such Account must be made within
               the 90-day period immediately following the last day of each of
               the six Plan Years. The Plan Administrator shall ensure that the
               Plan includes a sufficient number of investment options to comply
               with Section 401(a)(28)(B) of the Code.

         4)    Voting - The Trustee shall vote all Employer Stock attributable
               to the ESOP at such time and in such manner as the Plan
               Administrator shall direct. Notwithstanding the foregoing, if the
               Employer has a registration-type class of securities, each Member
               or Beneficiary shall be entitled to direct the Trustee as to the
               manner in which such Employer Stock which is entitled to vote is
               to be voted. If the Employer does not have a registration-type
               class of securities, each Member or Beneficiary shall be entitled
               to direct the Trustee as to the manner in which voting rights on
               shares of Employer Stock attributable to the ESOP are to be
               exercised with respect to the approval or disapproval of any
               corporate merger or consolidation, recapitalization,
               reclassification, liquidation, dissolution, sale of substantially
               all of the assets of a trade or business, or such similar
               transaction as prescribed by the Treasury Regulations.

               For purposes of this paragraph, the term "registration-type class
               of securities" means: (i) a class of securities required to be
               registered under Section 12 of the Securities Exchange Act of
               1934; and (ii) a class of securities which would be required to
               be so registered except for the exemption from registration
               provided in subsection (g)(2)(H) of such Section 12.

Notwithstanding any provision of the Plan to the contrary, the Employer may
elect in the Adoption Agreement not to permit Rollover contributions to the Plan
of either an "eligible rollover distribution" or a "rollover contribution"
within the meaning of Section 402(c) (4) or Section 408(d) (3) of the Code,
respectively.

                                       20

<PAGE>

SECTION 3.4   EMPLOYER CONTRIBUTIONS - GENERAL

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

SECTION 3.5   EMPLOYER MATCHING CONTRIBUTIONS

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

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

                               Years of Employment               Matching
                               -------------------               --------

        Formula Step 1         Less than 3                         50%
                               At least 3 but less than 5          75%
                               5 or more                          100%

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

SECTION 3.6   EMPLOYER BASIC CONTRIBUTIONS

The Employer may elect to make regular basic contributions under the Plan. Such
basic contributions on behalf of any Member shall not be conditioned up on the
Member making after-tax contributions and/or 401 (k) deferrals under this
Article III. If so adopted, the Employer shall contribute to the Plan on behalf
of each Member (as specified by the Employer in the Adoption Agreement) an
amount equal to a percentage not to exceed 15% (as specified by the Employer in
the Adoption Agreement) in increments of 1% of the

                                       21
<PAGE>

Member's Salary. The percentage elected by the Employer shall be uniformly
applicable to all Members. The Employer may elect, if basic contributions are
made on behalf of its Members on a monthly basis, to restrict the allocation of
such basic contribution to those Members who were employed with the Employer on
the last day of the month for which the basic contribution is made.

SECTION 3.7   SUPPLEMENTAL CONTRIBUTIONS BY EMPLOYER

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

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

Formula (2)       A uniform dollar amount per Member or a uniform percentage
                  (limited to a specific dollar amount, if elected by the
                  Employer) of each Member's Salary for the Plan Year (or, at
                  the election of the Employer, the Employer's fiscal year) to
                  which the supplemental contribution relates. If the Employer
                  elects to make such a supplemental contribution, it shall be
                  made within the time prescribed by law, including extensions
                  of time, for filing of the Employer's federal income tax
                  return on behalf of all those Members who have completed 1,000
                  Hours of Service during the Plan Year (or fiscal year), were
                  employed with the Employer on the last working day of the Plan
                  Y ear (or the fiscal year), or retired, died or terminates
                  employment due to a Disability during the Plan Year (or fiscal
                  year) to which the supplemental contribution relates. The
                  Employer may, at its option, elect to make a contribution
                  under this paragraph to only those Members who's Salary is
                  less than an amount to be specified by the Employer to the
                  extent that such Salary limit is less than the dollar amount
                  under Section 414(q) of the Code for such year. The percentage
                  contributed under this Formula (2) shall be limited in
                  accordance with the Employer's matching formula and basic
                  contribution rate, if any, under this Article such that the
                  sum of the Employer's Formula (2) supplemental contribution
                  plus all other Employer contributions under this Article shall
                  not exceed 15% of Salary for such year.

                                       22
<PAGE>

SECTION 3.8   THE PROFIT SHARING FEATURE

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

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

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

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

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

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

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

                                       23

<PAGE>

allocated to each Member's Account at the election of the Employer, in
accordance with one of the following options:

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

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

         Profit Sharing Formula 5 -- In a uniform percentage (as specified by
                                     the Employer in the Adoption Agreement) of
                                     each Member's Salary during the
                                     Contribution Determination Period (the
                                     "Base Contribution Percentage" ), plus a
                                     uniform percentage (as specified by the
                                     Employer in the Adoption Agreement) of each
                                     Member's Salary for the Contribution
                                     Determination Period in excess of the
                                     Integration Level (as specified by the
                                     Employer in the Adoption Agreement).

         Profit Sharing Formula 6 -- In a uniform percentage (as specified by
                                     the Employer in the Adoption Agreement) of
                                     each Member's Salary for the portion of the
                                     Contribution Determination Period during
                                     which the Member satisfied the Employer's
                                     eligibility requirement(s), if any (the
                                     "Base Contribution Percentage"), plus a
                                     uniform percentage (as specified by the
                                     Employer in the Adoption Agreement) of each

                                       24

<PAGE>

                                     Member's Salary for the portion of the
                                     Contribution Determination Period during
                                     which the Member satisfied the Employer's
                                     eligibility requirement(s), if any, in
                                     excess of the Integration Level (as
                                     specified by the Employer in the Adoption
                                     Agreement).

         Profit Sharing Formula 7 -- Subject to the overall permitted disparity
                                     limit, Profit Sharing contributions shall
                                     be allocated as follows:

                                     Step One: If the plan is Top-Heavy (See
                                               Article X, Section 10.2),
                                               contributions will be allocated
                                               to each Member's account in the
                                               ratio that each Member's Salary
                                               bears to the total of all
                                               Members' Salary, but not in
                                               excess of 3% of each Member's
                                               Salary.

                                     Step Two: If the plan is Top-Heavy, any
                                               contributions remaining after the
                                               allocation in Step One will be
                                               allocated to each M ember's
                                               account in the ratio that each
                                               Member's Salary for the Plan Year
                                               in excess of the Integration
                                               Level bears to the total excess
                                               Salary of all Members, but not in
                                               excess of 3% of each Member's
                                               Salary in excess of the
                                               Integration Level.

                                     Step Three: Any contributions remaining
                                               after the allocation in Step Two
                                               will be allocated to each M
                                               ember's account in the ratio that
                                               the sum of each Member's Salary
                                               and Salary in excess of the
                                               Integration Level bears to the
                                               sum of all Members' Salary and
                                               Salary in excess of the
                                               Integration Level, but not in
                                               excess of the Profit Sharing
                                               Maximum Disparity Rate times the
                                               sum of the Member's Salary and
                                               Salary in excess of the
                                               Integration Level.

                                     Step Four: Any remaining Employer
                                               contributions will be allocated
                                               to each M ember's account in the
                                               ratio that each Member's Salary
                                               bears to the total of all
                                               Members' Salary.

                                               For purposes of this Profit
                                               Sharing Formula 7, Annual Overall
                                               Permitted Disparity Limit shall

                                       25

<PAGE>

                                               mean, notwithstanding the
                                               preceding Step One through Step
                                               Four, for any Plan Year that the
                                               Plan benefits any Member who
                                               benefits under another qualified
                                               plan or simplified employee
                                               pension (as defined in Section
                                               408(k) of the Code) maintained by
                                               the Employer that provides for
                                               permitted disparity (or imputes
                                               disparity), Employer
                                               contributions will be allocated
                                               to the account of each Member who
                                               is entitled to an allocation in
                                               the ratio that such Member's
                                               total Salary bears to the total
                                               Salary of all Members. The Profit
                                               Sharing maximum disparity rate is
                                               5.7%. If the Integration Level
                                               selected is equal to the Taxable
                                               Wage Base, the applicable
                                               percentage is 2.7% if the Plan is
                                               Top-Heavy and 5.7% if the Plan is
                                               not Top-Heavy. The Taxable Wage
                                               Base is the contribution and
                                               benefits base in effect under
                                               Section 230 of the Social
                                               Security Act in effect as of the
                                               beginning of the Plan Year.

The Excess Contribution Percentage described in Profit Sharing Formulas 3, 4, 5
and 6 above may not exceed the lesser of (i) the Base Contribution Percentage,
or (ii) the greater of (1) 5.7% or (2) the percentage equal to the portion of
the Code Section 3111(a) tax imposed on employers under the Federal Insurance
Contributions Act (as in effect as of the beginning of the Plan Year) which is
attributable to old-age insurance. For purposes of this subparagraph,
"compensation" as defined in Section 414(s) of the Code shall be substituted for
"Salary" in determining the Excess Contribution Percentage and the Base
Contribution Percentage.

Notwithstanding any provision of the Plan to the contrary, for purposes of
Profit Sharing Formulas 5 and 6, the Integration Level is the amount of Salary
specified in the Adoption Agreement at or below which the rate of contributions
or benefits (expressed in each case as a percentage of such Salary) provided
under the Plan is less than the rate of contributions or benefits (expressed in
each case as a percentage of such Salary) provided under the Plan with respect
to Salary above such level. F or purposes of Formula 5, the Adoption Agreement
must specify an Integration Level in effect for the Plan Year for each Member.
No Integration Level in effect for a particular year may exceed the contribution
and benefit base (Taxable Wage Base) under Section 230 of Social Security Act
(Section 3121(a)(1 ) of the Code) in effect for the first day of the Plan Year.

                                       26

<PAGE>

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

Notwithstanding any provision of the Plan to the contrary, in order to receive
an allocation of Employer Profit Sharing Contributions, the Employer may
require, as provided in the Employer's Adoption Agreement, that the Member
complete 1,000 Hours of Employment during the Contribution Determination Period
or retire, die or become totally and permanently disabled prior to the last day
of the Contribution Determination Period.

SECTION 3.9   THE 401(k) FEATURE

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

The Employer may make, apart from any matching contributions it may elect to
make, Employer qualified nonelective contributions as defined in Section
1.401(k)( 6) of the Regulations. The amount of such contributions shall not
exceed 50% of the Salary of all Members eligible to share in the allocation when
combined with all Employer contributions (including 401(k) elective deferrals)
to the Plan for such Plan Year. Allocation of such contributions shall be made,
at the election of the Employer, to the accounts of (i) all Members, or (ii)
only Members who are not Highly Compensated Employees. Allocation of such
contributions shall be made, at the election of the Employer, in the ratio (i)
which each eligible Member's Salary for the Plan Year bears to the total Salary
of all eligible Members for such Plan Year, or (ii) which each eligible Member's
Salary not in excess of a fixed dollar amount specified by the Employer for the
Plan Year bears to the total Salary of all eligible Members taking into account
Salary for each such Member not in excess of the specified dollar amount.
Notwithstanding any provision of the PIan to the contrary, such contributions
shall be subject to the same vesting requirements and distribution restrictions
as M embers' 401(k) deferrals and shall not be conditioned on any election or
contribution of the Member under the 401(k) feature. Any such contributions must
be made on or before the last day of the second month after the Plan Year to
which the contribution relates. Further, for purposes of the actual deferral
percentage or actual contribution percentage tests described below, the Employer
may apply (in accordance with applicable Regulations) all or any portion of the
Employer qualified nonelective contributions for the Plan Year toward the
satisfaction of the actual deferral percentage test. Any remaining Employer
qualified nonelective contributions not utilized to satisfy the actual deferral
percentage test m ay be applied (in accordance with applicable Regulations) to
satisfy the actual contribution percentage test.

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

                                       27

<PAGE>

     (i) Prior Year Testing:
         ------------------

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

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

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

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

     (i) Current Year Testing:
         --------------------

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

                                       28

<PAGE>

A Member is a Highly Compensated Employee for a particular Plan Year if he meets
the definition of a Highly Compensated Employee in effect for that Plan Year.
Similarly, a Member is a Non-highly Compensated Employee for a particular Plan
Year if he does not meet the definition of a Highly Compensated Employee in
effect for that Plan Year.

SECTION 3.10  DETERMINING THE ACTUAL DEFERRAL PERCENTAGES

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

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

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

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

                                       29

<PAGE>

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

Where an Employer has elected, in the Adoption Agreement, to allow Member
contributions, a Member may treat excess contributions allocated to him as an
amount distributed to the Member and then contributed by the Member to the Plan.
Recharacterized amounts will remain nonforfeitable. Amounts may not be
recharacterized by a Highly Compensated Employee to the extent that such amount
in combination with other Employee contributions made by that Employee would
exceed any stated limit under the Plan on Employee contributions.

Recharacterization must occur no later than 2 1/2 months after the last day of
the Plan Y ear in which such excess contributions arose and is deem ed to occur
no earlier than the date the last Highly Compensated Employee is informed in
writing of the amount recharacterized and the consequences thereof.
Recharacterized amounts will be taxable to the Member for the Member's taxable
year in which the Member would have received them i n cash.

SECTION 3.11  DETERMINING THE ACTUAL CONTRIBUTION PERCENTAGES

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

   (i)    Prior Year Testing
          ------------------

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

                                       30

<PAGE>

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

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

(ii) Current Year Testing
     --------------------

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

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

     The TPA shall determine as of the end of the Plan Year whether one of the
     actual contribution percentage tests specified above is satisfied for such
     Plan Year. This

                                       31

<PAGE>

determination shall be made after first determining the treatment of excess
deferrals within the meaning of Section 402(g) of the Code under Section 3.2
above and then determining the treatment of excess contributions under Section
3.10 above. In the event that neither of the actual contribution percentage
tests is satisfied, the TPA shall (i) refund the excess aggregate contributions
to the extent attributable to Member after-tax contributions and vested matching
contributions for which the underlying Member after-tax contributions or 401(k)
deferrals are not subject to correction under the actual deferral percentage or
actual contribution percentage tests for such year (and any income related
thereto) and (ii) forfeit the excess aggregate contributions to the extent
attributable to non-vested Employer matching contributions and vested Employer
matching contributions for which the underlying Member after-tax contributions
or 401(k) deferrals are subject to correction under the actual deferral
percentage or actual contribution percentage tests for such year (and any income
related thereto), in the manner described below.

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

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

                                       32
<PAGE>

or because the contributions to which they relate are excess deferrals, excess
contributions or excess aggregate contributions.

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

For purposes of this Section, the contribution percentage (which shall mean the
ratio of the Member's Contribution Percentage Amounts to the Member's
compensation for the Plan Year) for any Member who is a Highly Compensated
Employee and who is eligible to have Contribution Percentage Amounts allocated
to his account under two or more plans described in Section 401(a) of the Code,
or arrangements described in Section 401(k) of the Code that are maintained by
the Employer, shall be determined as if the total of such Contribution
Percentage Amounts was made under each plan. If a Highly Compensated Employee
participates in two or more cash or deferred arrangements that have different
plan years, all cash or deferred arrangements ending with or within the same
calendar year shall be treated as a single arrangement. Notwithstanding the
foregoing, certain plans shall be treated as separate if mandatory disaggregated
under regulations under Section 401(m) of the Code.

In the event that this plan satisfies the requirements of Sections 401(m ),
401(a)(4) or 410(b) of the Code only if aggregated with one or more other plans,
or if one or more other plans satisfy the requirements of such Sections of the
Code only if aggregated with this Plan, then this Section shall be applied by
determining the actual contribution percentage of employees as if all such plans
were a single plan. Any adjustments to the Non-highly Compensated Employee
actual contribution percentage for the prior year will be made in accordance
with IRS Notice 98-1 and any superseding guidance, unless the Employer has
elected in the Adoption Agreement to use the Current Year Testing method. Plans
may be aggregated in order to satisfy Section 401(m) of the Code only if they
have the same Plan Year and use the same actual contribution percentage testing
method.

For purposes of the actual contribution percentage test, Employee contributions
are considered to have bee n made in the Plan Year in which contributed to the
trust. Matching contributions and qualified nonelective contributions will be
considered made for a Plan Year if made no later than the end of the 12-month
period beginning on the day after the close of the Plan Year.

                                       33

<PAGE>

      The Employer shall maintain records sufficient to demonstrate satisfaction
      of the actual contribution percentage to stand the amount of qualified
      nonelective contributions used in such test.

      A Member is a Highly Compensated Employee for a particular Plan Year if he
      meets the definition of a Highly Compensated Employee in effect for that
      Plan Year. Similarly, a Member is a Non-highly Compensated Employee for a
      particular Plan Year if he does not meet the definition of a Highly
      Compensated Employee in effect for that Plan Year.

SECTION 3.12  REMITTANCE OF CONTRIBUTIONS

The contributions of both the Employer and the Plan M embers shall be recorded
by the Employer and remitted to the TPA for transmittal to the Trustee or
custodian or directly to the Trustee or custodian so that (i) in the case of
Employer contributions the Trustee or custodian shall be in receipt thereof by
the 15th day of the month next following the 1 month in respect of which such
contributions are payable and ( ii) in the case of Member after-tax
contributions and 401(k) deferrals, the Trustee or custodian shall be in receipt
thereof by the 15th business day of the month following the month in which the
Member contributions are received by the Employer or the 15th business day of
the month following the month in which such amount would otherwise have been
payable to the M ember in cash. Such amounts shall be used to provide additional
Units pursuant to Artic le V.

SECTION 3.13  SAFE HARBOR CODA

If the Employer has elected the safe harbor CODA option in the Adoption
Agreement, the provisions of this Section 3.13 shall apply for the Plan Year and
any provisions relating to the actual deferral percentage test described in
ss.401(k)(3) of the Code or the actual contribution percentage test described in
ss.401( m)(2) of the Code do not apply. To the extent that any other provision
of the Plan is inconsistent with the provisions of this Section and in
accordance with Section 401(k)(12) of the Code and Treasury Regulations
thereunder, the provisions of this Section govern.

(A)    Actual Deferral Percentage Test Safe Harbor

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

                                       34

<PAGE>

               401(k) deferrals that exceed 3 percent of the Employee's Salary
               but that do not exceed 5 percent of the Employee's Salary ("Basic
               Matching Contributions").

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

        (3)    At least 30 days, but not more than 90 days, before the beginning
               of the Plan Year, the Employer will provide each Eligible
               Employee a comprehensive notice of the Employee's rights and
               obligations under the Plan, written in a manner calculated to be
               understood b y the average Eligible Employee. If an Employee
               becomes eligible after the 90th day before the beginning of the
               Plan Year and does not receive the notice for that reason, the
               notice must be provided no m ore than 90 days before the Employee
               becomes eligible but not later than the d ate the Employee
               becomes eligible.

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

SECTION 3.14  CATCH-UP CONTRIBUTIONS

        The Employer may elect, in its Adoption Agreement, to provide catch-up
        contributions whereby all Members who are eligible to make elective
        deferrals under this Plan and who have attained age 50 before the close
        of the Plan Year will be eligible to make catch-up contributions in
        accordance with, and subject to the limitations of, Section 414(v) of
        the Internal Revenue Code. Such catch-up contributions shall not be
        taken into account for purposes of the provisions of the P Ian
        implementing the required limitations of Sections 402(g) and 415 of the
        Code. T he 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.

        The Employer may elect in the Adoption Agreement not to make an
        allocation of employer matching contributions on such catch-up
        contributions. However, in the absence of such an election, employer
        matching contributions shall be made with respect to catch-up
        contributions.

        For purposes of this Section 3.14, matching contributions shall be those
        employer contributions which are allocated to a Member's account
        pursuant to Section 3.5 and/or Section 3.7 (Formula 1).

                                       35
<PAGE>

                                   ARTICLE IV
                           INVESTMENT OF CONTRIBUTIONS

SECTION 4.1   INVESTMENT BY TRUSTEE OR CUSTODIAN

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

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

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

To the extent made available under the Plan, the Employer may elect to allow
Members to direct the investment of their Accounts, pursuant to, and in
accordance with, such rules and procedures as may be prescribed by the Employer
or the Plan Sponsor, to a self-directed brokerage account. Where an Employer
elects to provide a self-directed brokerage account under the Plan, the Trustee
may invest amounts held by it in a self-directed brokerage account maintained by
Charles Schwab & Co., Inc. (or any other entity which provides a self-directed
brokerage account) on be half of Plan Members who elect to utilize such
investment vehicle.

Notwithstanding any provision of the Plan to the contrary, the Employer may
elect to provide a non-employer sponsored Certificate of Deposit Fund as an
investment vehicle.

                                       36
<PAGE>

SECTION 4.2   MEMBER DIRECTED INVESTMENTS

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

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

SECTION 4.3   EMPLOYER SECURITIES

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

Notwithstanding any provision of the Plan to the contrary, the Employer may
elect to value the Employer Stock Fund utilizing a share accounting methodology.

SECTION 4.4   LIFE INSURANCE

If the Employer so elects and in accordance with applicable law (including Code
Section 401(a) and the regulations and rulings thereunder), the Employer and/or
Members may direct

                                       37

<PAGE>

that contributions be used to pay premiums on life insurance contracts for the
Member, the life of any person in whom the Member has an insurable interest or
on the joint lives of a Member and any person in whom the Member has an
insurable interest. The Employer shall establish a policy for obtaining Life
Insurance under the Plan.

                                       38
<PAGE>

                                    ARTICLE V
                     MEMBERS' ACCOUNTS, UNITS AND VALUATION

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

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

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

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

A Member is treated as benefiting under the plan for any plan year during which
the M ember received or is deemed to receive an allocation in accordance with
Section 1.410 (b)-3(a) of the Code.

                                       39

<PAGE>

                                   ARTICLE VI
                               VESTING OF ACCOUNTS

SECTION 6.1   VESTING OF MEMBER CONTRIBUTIONS, 401(K) DEFERRALS, QUALIFIED
NONELECTIVE CONTRIBUTIONS, AND ROLLOVER CONTRIBUTIONS

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

SECTION 6.2   VESTING OF EMPLOYER CONTRIBUTIONS

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

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

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

                            COMPLETED YEARS OF                       VESTED
                               EMPLOYMENT                          PERCENTAGE
                               ----------                          ----------
                         Less than 2                                 0%
                         2 but less than 3                           20%
                         3 but less than 4                           40%
                         4 but less than 5                           60%
                         5 but less than 6                           80%
                         6 or more                                   100%

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

                                       40

<PAGE>

                          COMPLETED YEARS                          VESTED
                           OF EMPLOYMENT                         PERCENTAGE
                           -------------                         ----------

                          Less than 5                                  0%
                          5 or more                                  100%

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

                          COMPLETED YEARS                          VESTED
                           OF EMPLOYMENT                         PERCENTAGE
                           -------------                         ----------
                           Less than 3                                 0%
                           3 or more                                 100%

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

                          COMPLETED YEARS                          VESTED
                           OF EMPLOYMENT                         PERCENTAGE
                           -------------                         ----------
                        Less than 1                                    0%
                        1 but less than 2                             25%
                        2 but less than 3                             50%
                        3 but less than 4                             75%
                        4 or more                                    100%

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

                          COMPLETED YEARS                          VESTED
                           OF EMPLOYMENT                         PERCENTAGE
                           -------------                         ----------
                        Less than 3                                    0%
                        3 but less than 4                             20%
                        4 but less than 5                             40%
                        5 but less than 6                             60%
                        6 but less than 7                             80%
                        7 or more                                    100%

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

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

                                       41

<PAGE>

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

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

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

No amendment to the Plan shall be effective to the extent that it has the effect
of decreasing a Member's accrued benefit. Notwithstanding the preceding
sentence, a Member's account balance may be reduced to the extent permitted
under Section 412(c)(8) of the Code. For purposes of this paragraph, a plan
amendment which has the effect of decreasing a Member's account balance, with
respect to benefits attributable to service before the amendment shall be
treated as reducing an accrued benefit. Furthermore, if the vesting schedule of
a plan is am ended, in the case of an Employee who is a M ember as of the later
of the date such amendment is adopted or the date it becomes effective, the
nonforfeitable

                                       42

<PAGE>

percentage (determined as of such date) of such Employee's employer-derived
accrued benefit will not be less than the percentage computed under the Plan
without regard to such amendment.

No amendment to the Plan shall be effective to eliminate or restrict an optional
form of benefit. The preceding sentence shall not apply to a plan amendment that
eliminates or restricts the ability of a Member to receive payment of his
account balance under a particular optional form of benefit if the M ember has
not already begun to receive benefits in such optional form and the Plan
satisfies the following condition:

    The Plan provides a single-sum distribution form that is otherwise identical
    to the optional form of benefit eliminated or restricted. For purposes of
    this condition (1), a single-sum distribution form is otherwise identical
    only if it is identical in all respects to the eliminated or restricted
    optional form of benefit (or would be identical except that it provides
    greater rights to the Member) except with respect to the timing of payments
    after commencement.

SECTION 6.3   FORFEITURES

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

Forfeited amounts, as described in the preceding paragraph, shall be made
available to the Employer, through a transfer from the Member's Account to the
Employer Credit Account,

                                       43

<PAGE>

upon: (1) if the Member had a vested interest in his Account at his termination
of Employment, the earlier of (i) the date as of which the Member receives a
distribution of his entire vested interest in his Account or (ii) the date upon
which the Member incurs 5 consecutive one-year Breaks in Service, or (2) the
date of the Member's termination of Employment, if the Member then has no vested
interest in his Account. Once so transferred, such amounts shall be used at the
option of the Employer to (i) offset any contributions to be made by the
Employer for that Contribution Determination Period or ( ii) be allocated to all
eligible Members deemed to be employed as of the last day of the Contribution
Determination Period. The Employer Credit Account, referenced in this
Subparagraph, shall be maintained to receive, in addition to the forfeitures
described above, ( i) contributions in excess of the limitations contained in
Section 415 of the Code, (ii) Employer contributions made in advance of the date
allocable to Members, if any, and (iii) amounts, if any, forfeited pursuant to
Sections 3.10 and 3.11.

No forfeitures will occur solely as a result of an Employee's withdrawal of
employee contributions under Article VII of the Plan.

                                       44

<PAGE>

                                   ARTICLE VII
                          WITHDRAWALS AND DISTRIBUTIONS

SECTION 7.1   GENERAL PROVISIONS

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

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

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

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

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

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

    o  Next from the Employer matching contributions plus earnings thereon.

    o  Next from the Employer supplemental contributions plus earnings thereon.

    o  Next from the Employer basic contributions plus earnings thereon.

<PAGE>

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

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

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

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

SECTION 7.2   WITHDRAWALS WHILE EMPLOYED

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

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

Notwithstanding the foregoing paragraph, a Member may not withdraw any matching,
basic, supplemental, profit sharing or, solely in the case of the events
described in clause (ii i) or (iv), qualified nonelective contributions made by
the Employer under Article III unless (i) the Member has completed 60 months of
participation in the P Ian; (ii) the withdrawal occurs at least 24 months after
such contributions were made by the Employer; (iii) the Employer terminates the
Plan without establishing a qualified successor plan; or (iv) the Member dies,
is disabled, retires, attains age 59' or has a severance from employment. For
purposes of the preceding requirements, if the Member's Account includes amounts
which have been transferred from a defined contribution plan established prior
to the adoption of the Plan by the Employer, the period of time during which
amounts were held on behalf of such Member and the periods of participation of
such M ember under such defined contribution plan shall be taken into account.

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

                                       46

<PAGE>

If an Employer, in the Adoption Agreement, permits Members to withdraw 401(k)
deferrals and qualified non-elective contributions (and the income allocable to
each) while employed by the Employer, such deferrals or contributions are not
distributable earlier than upon severance from employment, death, disability,
attainment of age 59 1/2 or hardship. Such amounts may also be distributed, in
accordance with Section 401(k)(2)(B)(i)(II) of the Code and the IRS Regulations
thereunder, upon termination of the Plan without the establishment of another
defined contribution plan other than an employee stock ownership plan (as
defined in Section 4975(e)(7) or Section 409 of the Code) or a simplified
employee pension plan (defined in Code Section 408(k) or a SIMPLE IRA plan
(defined in Code Section 408(p)).

HARDSHIP WITHDRAWALS - If designated by the Employer in the Adoption Agreement,
a Member may make a withdrawal of his 401(k) deferrals, Employer qualified
nonelective contributions which are treated a s elective deferrals, and any
earnings credited there to prior to January 1, 1989, prior to attaining age 59
1/2, provided that the withdrawal is solely on account of an immediate and heavy
financial need and is necessary to satisfy such financial need. For the purposes
of this Article, the term "immediate and heavy financial need shall be limited
to the need of funds for (i) the payment of medical expenses (described in
Section 213(d) of the Code) incurred by the Member, the Member's Spouse, or any
of the Member's dependents (as defined in Section 152 of the Code), (ii) the
payment of tuition and room and board for the next 12 months of post-secondary
education of the Member, the Member's Spouse, the Member's children, or any of
the Member's dependents (as defined in Section 152 of the Code), (iii) the
purchase (excluding mortgage payments) of a principal residence for the Member,
or (iv) the prevention of eviction of the Member from his principal residence or
the prevention of foreclosure on the mortgage of the Member's principal
residence. For purposes of this Article, a distribution generally may be treated
as "necessary to satisfy a financial need" if the Plan Administrator reasonably
relies upon the Member's written representation that the need cannot be relieved
(i) thro ugh reimbursement or compensation by insurance or otherwise, (ii) by
reasonable liquidation of the Member's available assets, to the extent such
liquidation would not itself cause an immediate and heavy financial need, (iii)
by cessation of Member contributions and/or deferrals pursuant to Article III of
the Plan, to the extent such contributions and/or deferrals are permitted by the
Employer, or (iv) by other distributions or nontaxable ( at the time of the
loan) loans from plans maintained by the Employer or by any other employer, or
by borrowing from commercial sources on reasonable commercial terms. The amount
of any withdrawal pursuant to this Article shall not exceed the amount required
to meet the demonstrated financial hardship, including any amounts necessary to
pay any federal income taxes and penalties reasonably anticipated to result from
the distribution as certified to the Plan Administrator by the Member.

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

                                       47
<PAGE>

In the event of a Hardship withdrawal, the Employer may elect in the Adoption
Agreement to suspend all contributions to the plan on behalf of such Member for
a period of time that is at least 6 months but does not exceed 12 months.

Notwithstanding anything contrary in the Plan, if elected by the Employer in the
Adoption Agreement, Members who resided in or war ked in one of the counties or
parishes of Louisiana, Mississippi, Alabama, Florida or Texas designated as
eligible for individual relief in the Katrina Emergency Tax Relief Act of 2005
(KETRA) or in the Gulf Opportunity Zone Act of 2005 (GOZA) will be deemed to
have an immediate and heavy financial need as will any Member who applies for a
withdrawal to help a spouse, son, daughter, parent, grandparent or a dependent
who lived or worked in such areas. The maximum amount available for a Member to
withdraw for this purpose will be $100,000 in the aggregate and no Member can
qualify with respect to more than one hurricane. This relief shall expire on
December 31, 2006.

If any Member receives a distribution from the P Ian pursuant to the preceding
paragraph and he or she repays the withdrawal amount within the three (3)-year
period following the date of withdrawal, then the Member will be treated as
having received the withdrawal amount in an eligible rollover distribution as
defined in Code Section 402(c)(4) and as having transferred the repayment to the
Plan in a direct trustee to trustee transfer within 60 days of the distribution,
as provided under Section 101(c)(2) of KETRA and Section 201 of GOZA.

SECTION 7.3   DISTRIBUTIONS UPON TERMINATION OF EMPLOYMENT

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

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

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

                                       48

<PAGE>

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

Annuity Payments - The Employer may, at its option, elect to provide an annuity
option under the Plan. For the purpose of amended and restated plans only, if
prior to the amendment and restatement the normal form of benefit payment upon
termination of employment or separation from service is an annuity, the Employer
must continue to offer such annuity as the normal form of benefit payment upon
termination of Employment or severance from employment, subject to this Section
7.3. To the extent so designated by the Employer in the Adoption Agreement and
in lieu of any lump sum payment of his total Account, a Member who has
terminated his Employment may elect in his Request for Distribution to have the
value of his total Account be paid as an annuity secured for the Member by the
Plan Administrator through a individual annuity contract purchased by the Plan.
In the event the Employer elects to provide the annuity option under the Plan
and a Member elects an annuity form of payment, the following provisions shall
apply:

Unmarried Members - Any unmarried Member who has terminated his Employment may
elect, in lieu of any other available payment option, to receive a benefit
payable by purchase of a single premium contract providing for (i) a single life
annuity for the life of the Member or (ii) an annuity

                                       49

<PAGE>

for the life of the Member and, if the Member dies leaving a designated
Beneficiary, a 50% survivor annuity for the life of such designated Beneficiary.

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

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

For purposes of this Section 7.3, the term "Preretirement Survivor Annuity"
means a benefit providing for payment of 50% of the Member's Account balance as
of the Valuation Date coinciding with or preceding the date of his death.
Payment of a Preretirement Survivor Annuity shall commence in the month
following the month in which the Member dies or as soon as practicable
thereafter; provided, however, that to the extent required by law, if the value
of the amount used to purchase a Preretirement Survivor Annuity exceeds $3,500,
then payment of the Preretirement Survivor Annuity shall not commence prior to
the date the Member reached (or would have reached, had he lived) Nor mal
Retirement Age without the written consent of the Member's Surviving Spouse.
Absence of any required consent will result in a deferral of payment of the
Preretirement Survivor Annuity to the month following the month in which occurs
the earlier of (i) the date the required consent is received by the TPA or (ii)
the date the Member would have reached Normal Retirement Age had he lived.

The TPA shall furnish or cause to be furnished, to each married Member with an
Account subject to this Section 7.3, explanations of the Qualified Joint and
Survivor Annuity and Preretirement Survivor Annuity. A Member may, with the
written consent of his Spouse (unless the TPA makes a written determination in
accordance with the Code and the Regulations that no such consent is required),
elect in writing (i) to receive his benefit in a single lump sum payment within
the 90-day period ending on the date payment of his benefit commences; and (ii)
to waive the Preretirement Survivor Annuity within the period beginning on the
first day of the Plan Year in which the Member attains age 35 and ending on the
date of his death. Any election made pursuant to this Subparagraph may be
revoked by a

                                       50

<PAGE>

Member, without spousal consent, at any time within which such election could
have been made. Such an election or revocation must be made in accordance with
procedures developed by the TPA and shall be notarized.

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

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

Solely to the extent required under applicable law and regulations, and
notwithstanding any provisions of the Plan to the contrary that would otherwise
limit a Distributee's election under this Subparagraph, a Distributee may elect,
at the time and in the manner prescribed by the TPA, to have any portion of an
Eligible Rollover Distribution that is equal to at least $500 paid directly to
an Eligible Retirement Plan specified by the Distributee in a Direct Rollover.
If an eligible rollover distribution is less than $500, a Distributee may not
make the election described in the preceding sentence to rollover a portion of
the eligible rollover distribution. For purposes of this Subparagraph, the
following terms shall have the following meanings:

Eligible Rollover Distribution - Any distribution of all or any portion of the
balance to the credit of the Distributee, except that an Eligible Rollover
Distribution does not include: any distribution that is one of a series of
substantially equal periodic payments (not less frequently than annually) made
for the life (or life expectancy) of the Distributee or the joint lives (or
joint

                                       51

<PAGE>

life expectancies) of the Distributee and the Distributee's designated
Beneficiary, or for a specified period of ten years or more; any distribution to
the extent such distribution is required under Section 401(a)(9) of the Code;
any hardship distribution,; and the portion of any distribution that is not
includable in gross income (determined without regard to the exclusion for net
unrealized appreciation with respect to employer securities); and any other
distribution that is reasonably expected to total less than $200 during a year .

A portion of the distribution shall not fail to be an eligible roll over
distribution merely because the portion consists of after-tax employee
contributions which are not includible i n 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.

Eligible Retirement Plan - 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, an individual retirement account described in Section 408(a) of the Code,
a n individual retirement annuity described in Section 408(b) of the Code, an
annuity plan described in Section 403(a) of the Code, or a qualified trust
described in Section 401(a) of the Code, that accepts the Distributee's Eligible
Rollover Distribution. The definition of eligible retirement pl an shall also
apply in the case of a distribution to a surviving spouse, or to a spouse or
former souse who is the alternate payee under a qualified domestic relations
order, as defined in Section 414(p) of the Code.

If any portion of an eligible rollover distribution is attributable to payments
or distributions from a designated Roth account (as defined in Code ss.402 A),
an eligible retirement plan with respect to such portion shall include only
another designated Roth account of the individual, or a Roth IRA of such
individual.

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

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

                                       52

<PAGE>

SECTION 7.4   DISTRIBUTION UPON SEVERANCE FROM EMPLOYMENT

Effective for distributions occurring o n or after January 1, 2002, a Member may
receive their elective contributions on account of such Member's severance from
Employment. However, such distribution shall be subject to all other provisions
of the Plan regarding distributions, other than such provisions that require a
separation from service before such amounts may be distributed.

SECTION 7.5   DISTRIBUTIONS DUE TO DISABILITY

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

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

Upon determination of Disability, a Member may withdraw his total Account
balance under the Plan and have such amounts paid to him in accordance with the
applicable provisions of this Article VII, as designated by the Employer. If a
disabled M ember becomes reemployed subsequent to withdrawal of some or all of
his Account balance, such M ember may not repay to the Plan any such withdrawn
amounts.

SECTION 7.6   DISTRIBUTIONS DUE TO DEATH

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

                                       53

<PAGE>

A Member may elect that upon his death, his Benefici ry, pursuant to this
Section 7.5, m ay receive, in lieu of any lump sum payment, payment in 5 annual
installments (10 if the Spouse is the Beneficiary, provided that the Spouse's
remaining life expectancy is at least 10 years) whereby the value of 1/5th of
such Member's Units (or 1/10th in the case of a spousal Beneficiary, provided
that the Spouse's remaining life expectancy is at least 10 years) in each
available Investment Fund will be determined in accordance with the Unit values
on the Valuation Date on or next following the T PA's receipt of notice of the M
ember's death and on each anniversary of such Valuation Date. Payment will be
made as soon as practicable after each Valuation Date until the Member's Account
is exhausted. Such election may be filed at any time with the Plan Administrator
prior to the Member's death and may not be changed o r revoked after such
Member's death. If such an election i s not in effect at the time of the
Member's death, his Beneficiary (including any spousal Beneficiary) may elect to
receive distributions in accordance with this Article, except that any balance
remaining in the deceased Member's Account must be distributed on or before the
December 31 of the calendar year which contains the 5th anniversary (the 10th
anniversary in the case of a spousal Beneficiary, provided that the Spouse's
remaining life expectancy is at least 10 years) of the Member's death.
Notwithstanding the foregoing, payment of a Member's Account shall commence not
later than the December 31 of the calendar year immediately following the
calendar year in which the M ember died or, in the event such Beneficiary is the
Member's Surviving Spouse, on or before the December 31 of the calendar year in
which such Member would have attained age 702, if later (or, in either case, on
any later date prescribed by the IRS Regulations). If, upon the Spouse' s or
Beneficiary's death, there is still a balance in the Account, the value of the
remaining Units will be paid in a lump sum to such Spouse's or Beneficiary's
estate.

SECTION 7.7   MINIMUM REQUIRED DISTRIBUTIONS

Effective as of January 1, 1997 through December 31, 2002, payment of a Member's
Account shall not commence later than April 1 of the calendar year following the
later of (i) the calendar year in which the Member attains age 70 1/2 or (ii)
the calendar year in which the Member retires; provided however, if the Member
is a 5 percent owner (as described in Section 416(i) of the Code), at any time
during the Plan Year ending with or within the calendar year in which the
Employee attains age 70(1)/2, any benefit payable to such Member shall commence
no later than April 1 of the calendar year following the calendar year in which
the Member attains age 701 .

A)  Subject to Section 7.3, joint and survivor annuity requirements, the
    requirements of this Section shall apply to any distribution of a Member's
    interest and will take precedence over any inconsistent provisions of this
    Plan. Unless otherwise specified, the provisions of this Section 7.6 apply
    to calendar years beginning after December 31, 1984.

                                       54

<PAGE>

        All distributions required under this Section 7.6 shall be determined
        and made in accordance with the proposed regulations under Section
        401(a)(9) of the Code, including the minimum distribution incidental
        benefit requirement of Section 1.401(a)(9)-2 of the proposed
        regulations.

        The entire interest of a Member must be distributed or begin to be
        distributed no later than the Member's required beginning date.

B)      As of the first distribution calendar year, distributions, if not m ade
        in a single-sum, may only be made over one of the following periods ( or
        a combination thereof):

          (1)   the life of the Member,
          (2)   the life of the Member and a designated beneficiary,
          (3)   a period certain not extending beyond the life expectancy of
                the M ember, or
          (4)   a period certain not extending beyond the joint and last
                survivor expectancy of the Member and a designated beneficiary.

(C)     If the Member's interest is to be distributed in other than a single
        sum, the following minimum distribution rules shall apply on or after
        the required beginning date:

          (1)   If a Member's benefit is to be distributed over (a) a period not
                extending beyond the life expectancy of the Member or the joint
                life and last survivor expectancy of the Member and the Member's
                designated beneficiary or (b) a period not extending beyond the
                life expectancy of the designated beneficiary, the amount
                required to be distributed for each calendar year, beginning
                with distributions for the first distribution calendar year ,
                must at least equal the quotient obtained by dividing the
                Member's benefit by the applicable life expectancy.

          (2)   For calendar years beginning before January 1, 1989, if the
                Member's spouse is not the designated beneficiary, the method of
                distribution selected must assure that at least 50% of the
                present value of the amount available for distribution is paid
                within the life expectancy of the Member.

          (3)   For calendar years beginning after December 31, 1988, the
                amount to be distributed each year, beginning with distributions
                for the first distribution calendar year shall not be less than
                the quotient obtained by dividing the Member's benefit by the
                lesser of (a ) the applicable life expectancy or (b) if the
                Member's spouse is not the designated beneficiary, the
                applicable divisor determined from the table set forth in Q&A-4
                of Section 1.401(a)(9)-2 of the proposed regulations.
                Distributions after the death of the Member shall be distributed
                using the applicable life expectancy in paragraph (1)

                                       55
<PAGE>

                above as the relevant divisor without regard to Proposed
                Regulations Section 1.401(a)(9)-2.

          (4)   The minimum distribution required for the Member's first
                distribution calendar year must be made on or before the
                Member's required beginning date. The minimum distribution for
                other calendar years, including the minimum distribution for the
                distribution calendar year in which the employee's required
                beginning date occurs, must be made on or before December 31 of
                that distribution calendar year.

If the Member's benefit is distributed in the form of an annuity purchased fro m
an insurance company, distributions thereunder shall be made in accordance with
the requirements of Section 401(a)(9) of the Code and the proposed regulations
thereunder.

D)      Distributions beginning before death. If the Member dies after
        distribution of his interest has begun, the remaining portion of such
        interest will continue to be distributed at least as rapidly as under
        the method of distribution being used prior to the Member's death.

E)      Distributions beginning after death. 1) If the Member dies before
        distribution of his or her interest begins, distribution of the Member's
        entire interest shall be completed by December 31 of the calendar year
        containing the fifth anniversary of the Member's death except to the
        extent that an election is made to receive distributions in accordance
        with (a) o r (b) below:

                (a)  if any portion of the Member's interest is payable to a
                     designated beneficiary, distributions m ay be made over the
                     life or over a period certain not greater than the life
                     expectancy of the designated beneficiary commencing on or
                     before December 31 of the calendar year immediately
                     following the calendar year in which the M ember died;

                (b)  if the designated beneficiary is the M ember's surviving
                     spouse, the date distributions are required to begin in
                     accordance with (a) above shall not be earlier than the
                     later of (i) December 31 of the calendar yea r immediately
                     following the calendar year in which the M ember died and
                     (ii) December 31 of the calendar year in which the M ember
                     would have attained age 70(1)/2.

        2) If the Member has not made an election pursuant to this Section 7.6
        by the time of his death, the Member's designated beneficiary must elect
        the method of distribution no later than the earlier of (i) December 31,
        of the calendar year in which distributions would be required to begin
        under this Section, or (ii) December 31 of the calendar year which
        contains the fifth anniversary of the date of death of the Member. If
        the Member has no designated beneficiary, or if the designated
        beneficiary does not elect a method of distribution, distribution of the
        Member's entire interest must be

                                       56
<PAGE>

completed by December 31 of the calendar year containing the fifth anniversary
of the Member's death.

F)       For purposes of paragraph (E) above, if the surviving spouse dies after
         the M ember, but before payments to such spouse begin, the provisions
         of paragraph (E), with the exception of paragraph (E)(1)(b) therein,
         shall be applied as if the surviving spouse were the Member.

G)       For the purposes of paragraphs (D) and (E), distribution of a Member's
         interest is considered to begin on the Member's required beginning date
         (or, if paragraph (F) above is applicable, the date distribution is
         required to begin to the surviving spouse pursuant to paragraph (E)
         above). If distribution in the form of an annuity irrevocably commences
         to the Member before the required beginning date, the date distribution
         is considered to begin is the date distribution actual) y commences.

H)       Applicable life expectancy. The life expectancy (or joint and last
         survivor expectancy) calculated using the attained age of the M ember
         (or designated beneficiary as of the Member's (or designated
         beneficiary's) birthday in the applicable calendar year reduced by one
         for each calendar year which has elapsed since the date life expectancy
         was first calculated. If life expectancy is being recalculated, the
         applicable life expectancy shall be the life expectancy as so
         recalculated. T he applicable calendar year shall be the first
         distribution calendar year , and if life expectancy is being
         recalculated such succeeding calendar year.

l)       Designated beneficiary. The individual who is designated as the
         beneficiary under the Plan in accordance with Section 401(a)(9) of the
         Code and the proposed regulations thereunder.

J)       Distribution calendar year. A calendar year for which a minimum
         distribution is required. For distributions beginning before the
         Member's death, the first distribution calendar year is the calendar
         year immediately preceding the calendar year which contains the
         Member's required beginning date. For distributions beginning after the
         Member's death, the first distribution calendar year is the calendar
         year in which distributions are required to begin pursuant to
         paragraphs (D), (E), (F) and (G) above.
K)       Life expectancy. Life expectancy and joint and last survivor expectancy
         are computed by use of the expected return multiples in Tables V and VI
         of Section 1.72-9 of the Income Tax Regulations.

        Unless otherwise elected by the Member (or spouse, in the case of
        distributions described in paragraph (E)(1 )(b) above) by the time
        distributions are required to begin, life expectancies shall be
        recalculated annually. Such election shall be irrevocable as to the
        Member (or spouse) and shall apply to all subsequent years. The life
        expectancy of a nonspouse beneficiary may not be recalculated.

                                       57

<PAGE>

(L) Member's benefit.

         (1)     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 or forfeitures allocated to the account balance
                 as of dates in the valuation calendar year after the valuation
                 date and decreased by distributions made in the valuation
                 calendar year after the valuation date.

         (2)     Exception for second distribution calendar year. For purposes
                 of paragraph (1) above, if any portion of the minimum
                 distribution for the first distribution calendar year is made
                 in the second distribution calendar year on or before the
                 required beginning date, the a mount of the minimum
                 distribution made in the second distribution calendar year
                 shall be treated as if it had been made in the immediately
                 preceding distribution calendar year.

SECTION 7.8   MINIMUM REQUIRED DISTRIBUTIONS (BEGINNING ON NOVEMBER 1, 2002)

A)  General Rules

(1) Effective Date. The provisions of this Section 7.8 will apply for purposes
of determining required minimum distributions for calendar years beginning with
the 2003 calendar year.

(2) Precedence. The requirements of this Section will take precedence over any
inconsistent provisions of the Plan.

(3) Requirements of Treasury Regulations Incorporated. All distributions
required under this Section 7.8 will be determined and made in accordance with
Treasury Regulations under Section 401(a)(9) of the Code, and the minimum
distribution incidental death benefit requirement of Section 401(a)(9)(G) of the
Code.

(4) Limits on Distribution Periods. As of the first distribution calendar year ,
distributions to a Member, if not made in a single sum, may only be made over
one of the following periods:
     (a) the life of the Member
     (b) the joint lives of the Member and a designated beneficiary
     (c) a period certain not extending beyond the life expectancy of the
         Member, or
     (d) a period certain not extending beyond the joint life and last survivor
         expectancy of the Member and a designated beneficiary.

B) Time and Manner of Distribution

(1) Required Beginning Date. The Member's entire interest will be distributed,
or begin to be distributed, to the Member no later than the Member's required
beginning date.

                                       58

<PAGE>

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

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

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

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

         (d) If the Member's surviving spouse is the Member's sole designated
         beneficiary and the surviving spouse dies after the Member but before
         distributions to the surviving spouse begin, this paragraph (B)(2),
         other than paragraph (B)(2)(a), will apply as if the surviving spouse
         were the Member.

For purposes of this paragraph (B)(2) and paragraph (D) below, unless paragraph
(B)(2)(d) applies, distributions are considered to begin on the M ember's
Required Beginning Date. If paragraph (B)(2)(d) applies, distributions are
considered to begin on the date distributions are required to begin to the
surviving spouse under paragraph (B)(2 )(a). If distributions under an annuity
purchased from an insurance company irrevocably commence to the Member before
the Member's Required Beginning Date (or to the Member's surviving spouse before
the date distributions are required to begin to the surviving spouse under
paragraph (B)(2)(a)), the date distributions are considered to begin is the date
distributions actually commence.

(3) Forms of Distributions. Unless the M ember'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 paragraphs (C) and (D) of this
Section 7.8. If the Member'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.

C) Required Minimum Distributions During Member's Lifetime.

                                       59

<PAGE>

(1) Amount of Required Minimum Distribution For Each Distribution Calendar Year.
During the Member'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 M ember'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 M ember's
         age as of the Member's birthday in the distribution calendar year; or

         (b) if the Member's sole designated beneficiary for the distribution
         calendar year is the Member's spouse, the quotient obtained by dividing
         the Member's account balance by the number in the Joint and Last
         Survivor T able set forth in Section 1.401(a )(9)-9 of the Treasury
         regulations, using the Member's and the spouse's attained ages as of
         the Member's and spouse's birthdays in the distribution calendar year.

(2) Lifetime Required Minimum Distributions Continue Through Year of Member's
Death. Required minimum distributions will be determined under this paragraph
(C) beginning with the first distribution calendar year and up to and including
the distribution calendar year that includes the Member's date of death.

D) Required Minimum Distributions After Member's Death.

(1) Death On or After Date Distributions Begin.

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

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

                (2) If the Member's surviving spouse is the Member's sole
                designated beneficiary, the remaining life expectancy of the
                surviving spouse is calculated for each distribution calendar
                year after the year of the Member'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 Member's surviving spouse is not the Member's sole
                designated beneficiary, the designated beneficiary's remaining
                life expectancy is

                                       60
<PAGE>

                 calculated using the age of the beneficiary in the year
                 following the year of the Member's death, reduced by one for
                 each subsequent year.

        (b) No Designated Beneficiary. If the M ember 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 Member's death, the
        minimum amount that will be distributed for each distribution calendar
        yea r after the year of the Member's death is the quotient obtained by
        dividing the Member's account balance by the M ember's remaining life
        expectancy calculated using the age of the Member in the year of death,
        reduced by one for each subsequent year.

(2) Death Before Date Distributions Begin.

        (a) Member Survived by Designated Beneficiary. If the Member 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 Member's death is the quotient obtained by
        dividing the M ember's account balance by the remaining life expectancy
        of the Member's designated beneficiary, determined as provided in
        paragraph (D) (1).

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

        (c) Death of Surviving Spouse Before Distributions to Surviving Spouse
        Are Required to Begin. If the Member dies before the date distributions
        begin, the Member's surviving spouse is the Member's sole designated
        beneficiary, and the surviving spouse dies before distributions are
        required to begin to the surviving spouse under paragraph (B)(2)(a),
        this paragraph (D)(2) will apply as if the surviving spouse were the
        Member.

E) Election to Allow Members or Beneficiaries to Elect 5-Year Rule.

Members or beneficiaries m ay elect on an individual basis whether the 5-year
rule or the life expectancy rule in paragraphs (B)(2) and (D)(2) applies to
distributions after the death of a Member 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 paragraph (B)(2) or
by September 30 of the calendar year which contains the fifth anniversary of the
Member's (or, if applicable, surviving spouse's) death. If neither the Member
nor beneficiary makes an election under this paragraph, distributions will be
made in accordance with paragraphs (B)(2) and (D)(2) and, if applicable, the
elections in paragraph (B) above.

                                       61

<PAGE>

Election to Allow Designated Beneficiary Receiving Distributions Under 5-Year
Rule to El ect 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-yea r period.

F) Definitions

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

(2) Distribution calendar year. A calendar year for which a minimum distribution
is required. For distributions beginning before the Member's death, the first
distribution calendar year is the calendar year immediately preceding the
calendar year which contains the Member's Required Beginning Date. F or
distributions beginning after the Member's death, the first distribution
calendar year is the calendar year in which distributions are required to begin
under paragraph (B)(2). The required minimum distribution for the Member's first
distribution calendar year will be made on or before the Member'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 Member's Required Beginning Date occurs, will be made
on or before December 31 of that distribution calendar year.

(3) Life expectancy. Life expectancy i s the life expectancy as computed by the
use of the Single Life Table in Section 1.401(a)(9)-9 Q&A-1, of the Treasury
Regulations.

(4) Member's account balance. T he 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.

(5) Required Beginning Date. One of the following, as selected by the Employer
in the Adoption Agreement:

        (a) The required beginning date of a Member is April 1st of the calendar
            year after

                                       62

<PAGE>

        the calendar year in which s/he attains age 70% .

        (b) The required beginning date of a Member is April 1 of the calendar
        yea r following the calendar year in which the Member attains age 70%,
        except that benefit distributions to a Member (other than a 5-percent
        (5%) owner) with respect to benefits accrued after the later of the
        adoption or effective date of an amendment to the Plan that implements
        the changes to the required beginning date of this paragraph must
        commence by April 1 of the calendar year in which the participant
        attains age 70 1/2 or the calendar year in which the Member retires.

        (c) The required beginning date of a Member is April 1 of the calendar
        yea r following the later of the calendar year in which the M ember
        attains age 70% or the calendar year in which the M ember retires,
        except that the benefit distributions to a 5% owner must commence by
        April 1 of the calendar year following the calendar year in which the
        participant attains age 70 1/2 .

(6)     5-percent owner. A Member is treated as a 5-percent owner for purposes
        of this section 11A, if such Member is a 5-percent owner as defined in
        Section 416 of the Code at any tim e during the Plan year ending with or
        within the calendar year in which such owner attains age 70%.

Once distributions have begun to a 5 -percent owner under this Section 11A they
must continue to be distributed, even if the Member ceases to be a 5-percent
owner in a subsequent year.

(7) TEFRA Section 242(b)(2) Elections.

Nothwithstanding the other requirements of this Section distribution on behalf
of any Employee, including a 5-percent owner, who has made a designation under
Section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (a "Section
242(b)(2) election") may be made in accordance with all of the following
requirements (regardless of when such distribution commences):

        (a) The distribution by the Plan is one which would not have
        disqualified such Plan under Section 401(a)(9) of the Internal Revenue
        Code a s in effect prior to amendment by the Deficit Reduction Act of
        1984.

        (b) The distribution is in accordance with a method of distribution
        designated by the Employee whose interest in the Plan is being
        distributed or, if the Employee is deceased, by a Beneficiary of such
        Employee.

        (c) Such designation was in writing, was signed by the Employee or the
        Beneficiary,

                                       63

<PAGE>

      and was made before January 1, 1984.

        (d) The Employee had accrued a benefit under the Plan as of December 31,
        1983.

        (e) The method of distribution designated by the Employee or the
        Beneficiary specifies the time at which distribution will commence, the
        period over which distributions will be made, and in the case of any
        distribution upon the Employee's death, the Beneficiaries of the
        Employee listed in order of priority.

(8) A designation upon death will not be covered by this transitional rule
unless the information in the designation contains the required information
described above wit h respect to the distributions to be made upon the death o f
the Employee.

(9) For any distribution which commences before January 1, 1984, but continues
after December 31, 1983, the Employee, or the Beneficiary, to whom such
distribution is being made, will be presumed to have designated the method of
distribution under which the distribution is being made if the method of
distribution was specified in writing and the distribution satisfies the
requirements in Sections 7(a) and 7(c).

(10) If a designation is revoked, any subsequent distribution must satisfy the
requirements of Section 401(a)(9) of the Code and the regulations thereunder. If
a designation is revoked subsequent to the date distributions are required to
begin, the Plan must distribute by the end of the calendar year following the
calendar year in which the revocation occurs the total amount not yet
distributed which would have been required to have been distributed to satisfy
Section 401(a)(9) of the Code and the regulations thereunder, but for the
Section 242(b)(2) election. For calendar years beginning after December 31,
1988, such distributions must meet the minimum distribution incidental benefit
requirements. Any changes in the designation will be considered to be a
revocation of the designation. However, the m ere substitution or addition of
another Beneficiary (one not named in the designation) under the designation wi
II not be considered to be a re vocation of the designation, so long as such
substitution or addition does not alter the period over which distributions are
to be made under the designation, directly or indirectly (for example, by
altering the relevant measuring life).

(11) In the case in which an amount is transferred or rolled over from one Plan
to another Plan, the rules in Treasury Regulations 1.401(a)(9)-8, Q&A-14 and
Q&A-15, shall apply.

                                       64

<PAGE>

                                  ARTICLE VIII
                                  LOAN PROGRAM

SECTION 8.1   GENERAL PROVISIONS

An Employer may, at its option, make available the loan program described herein
for any Member (and, if applicable under Section 8.8 of this Article, any
Beneficiary), subject to applicable law (including but not limited to Code
Section 72(p) and the Regulations thereunder). The Employer shall so designate
its adoption of the loan program and the terms and provisions of its operation
in the Adoption Agreement. There shall be a reasonable origination fee and/or an
annual administration fee assessed to the M ember's Account for each loan made
to a M ember or Beneficiary. In the event that amounts are transferred to the
Plan from a retirement plan subject to Section 401(a) (11) of the Code, no loans
may be made from a married Member's Account without the written consent of such
M ember's Spouse (in accordance with the spousal consent rules set forth under
Section 7.3). In the event the Employer elects to perm it loans to be made from
rollover contributions and earnings thereon, as designated in the Adoption
Agreement, loans shall be available from the Accounts of any Employees of the
Employer who have not yet become M embers. Only one loan may be made to a Member
in the Plan Year, except that if an Employer provides in the Adoption Agreement
to make loans available from Employee rollover contributions and the earnings
thereon, a Member will be permitted to request a second loan in the Plan Y ear
to the extent of Employee rollover contributions and ear pings thereon subject
to any other limitations provided under this Article.

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

The Employer may also elect in the Adoption Agreement to limit the number of
outstanding loans a Member may have at any given time.

SECTION 8.2   LOAN APPLICATION

Subject to the restrictions described in the paragraph immediately following, a
Member in Employment may borrow from his Account in each of the available
Investment Funds by filing a loan application with the TPA. Such application
(hereinafter referred to as a "completed application") shall (i) specify the
terms pursuant to which the loan is requested to be made and (ii) provide such
information and documentation as the T PA shall require, including a

                                       65
<PAGE>

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

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

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

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

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

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<PAGE>

SECTION 8.3   PERMITTED LOAN AMOUNT

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

SECTION 8.4   SOURCE OF FUNDS FOR LOAN

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

    o    First from the vested Employer profit sharing contributions plus
         earnings thereon.
    o    Next from the Employer qualified nonelective contributions plus
         earnings thereon.
    o    Next from the Member's 401(k) deferrals plus earnings thereon.
    o    Next from the Member's safe harbor CODA contributions plus earnings
         thereon.
    o    Next from the vested Employer basic contributions plus earnings
         thereon.
    o    Next from the vested Employer supplemental contributions plus earnings
         thereon.
    o    Next from the vested Employer matching contributions plus earnings
         thereon.
    o    Next from the Member's rollover contributions plus earnings thereon.
    o    Next from the Member's after-tax contributions made after December 31,
         1986 plus earnings on all of the Member's after-tax contributions.
    o    Next from the Member's after-tax contributions made prior to January 1,
         1987.

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<PAGE>

SECTION 8.5   CONDITIONS OF LOAN

Each loan to a Member under the Plan shall be repaid in level monthly amounts
through regular payroll deductions after the effective date of the loan, and
continuing there after with each payroll. Except as otherwise required by the
Code and the IRS Regulations, each loan shall have a repayment period of not
less than 12 months and not in excess of 60 months, unless the purpose of the
loan is for the purchase of a primary residence, in which case the loan may be
for not more than 18 0 months. After the first 3 monthly payments of the loan
have been satisfied, the M ember may pay the outstanding loan balance (including
accrued interest from the due date).

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

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

SECTION 8.6   CREDITING OF REPAYMENT

Upon lending any amount to a Member, the TPA shall establish and maintain a loan
receivable account with respect to, and for the term of, the loan. The
allocations described in this Section shall be made from the loan receivable
account. Upon receipt of each monthly installment payment and the crediting
thereof to the Member's loan receivable account, there shall be allocated to the
Member's Account in the available Investment Funds, in accordance with his most
recent investment instructions, the principal portion of the installment payment
plus that portion of the interest equal to the rate determined in Section 8.5 of
this Article. The unpaid balance owed by a Member on a loan under the Plan shall
not reduce the amount credited to his Account. However, from the time of payment
of the proceeds of the loan to the Member, such Account shall be deemed
invested, to the extent of such unpaid balance, in such loan until the complete
repayment thereof or distribution fro m such Account. Any loan repayment shall
first be deemed allocable to the portions of the Member's Account on the basis
of a reverse ordering of the manner in which the loan was originally distributed
to the Member.

SECTION 8.7   CESSATION OF PAYMENTS ON LOAN

If a Member, while employed, fails to make a monthly installment payment when
due, as

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<PAGE>

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

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

SECTION 8.8   LOANS TO FORMER MEMBERS

Notwithstanding any other provisions of this Article VIII, a member who
terminates Employment for any reason shall be permitted to continue making
scheduled repayments with respect to any loan balance outstanding at the time he
becomes a terminated Member. In addition, a terminated Member or Beneficiary may
elect to initiate a new loan from hi s Account, subject to the conditions
otherwise described in this Article VIII. If any terminated Member who continues
to make repayments or any terminated Member or Beneficiary who borrows from his
Account pursuant to this Section 8.8 fails to make a scheduled monthly
installment payment by the last day of the calendar quarter following the
calendar quarter which contains the scheduled payment date, he will be deemed to
have received a distribution of the outstanding balance of the loan.

SECTION 8.9   EFFECT OF KETRA AND GOZA ON OUTSTANDING LOANS

If elected by the Employer in the Adoption Agreement, M embers who resided in or
worked in one of the counties or parishes of Louisiana, Mississippi, Alabama,
Florida or Texas designated as eligible for individual relief in KETRA or in
GOZA, with an outstanding loan on or after August 25, 2005 (for Katrina)
September 23, 2005 (for Rita) or October 23, 2005 (for Wilma), as applicable,
from the Plan, if the due date for any repayment on the loan occurs during the
period beginning on August 25, 2005, September 23, 2005 or October 23, 2005, as
applicable, and ending on December 31, 2006, the due date shall be delayed for
one year. Any payments after the suspension period will be appropriately
adjusted to reflect the delay and any interest accruing during the delay.

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                                   ARTICLE IX
                              TRUSTEE AND CUSTODIAN

The provisions of this Article, shall not apply if a separate trust agreement is
being used as specified in the Adoption Agreement. For purposes of this Article
IX, the term Named Fiduciary shall mean one or more fiduciaries named in
accordance with the terms of the P Ian who have the power to manage and control
assets of the Plan. The term Fund shall mean assets held pursuant to the T rust
created under this Article IX.

SECTION 9.1   BASIC RESPONSIBILITIES OF THE TRUSTEE

The Trustee shall hold the assets of, and collect the income and make payments
from the Fund, all as hereinafter provided. Except to the extent that assets of
the Fund have been deposited in a collective investment fund maintained by the
Trustee, the Trustee shall not be responsible, directly or indirectly, for the
investment or reinvestment of the assets of the Fund, which shall be the sole
responsibility of the Named Fiduciary. The Trustee is not a party to, and has no
duties or responsibilities under, the Plan other than those that may be
expressly contained in this Agreement. As to the responsibilities of the
Trustee, in any case in which a provision of this Agreement conflicts with any
provision in the P Ian, this Agreement shall control. The Trustee shall have no
duties, responsibilities or liability with respect to the acts or omissions of
any prior trustee.

The Trustee shall have no authority or duty to determine the adequacy of or
enforce the collection of contributions under the Plan, shall not be responsible
for the adequacy of the Trust to meet and discharge any liabilities under the
Plan and shall have no responsibility for any property until such cash or
property is received and accepted by the Trustee. T he Employer and the Named
Fiduciary shall have the sole duty and responsibility for ensuring the adequacy
of the Trust to discharge the liabilities under the Plan, determining the
adequacy of the contributions to be made under the Plan, transmitting the
contributions to the Trustee and ensuring compliance with any statute,
regulation or rule applicable to contributions.

Except as may be permitted by law or by the terms of the Plan or this Agreement,
at no time prior to the satisfaction of all liabilities with respect to
participants and their beneficiaries under the Plan shall any part of the Trust
be used for or diverted to any purpose other than for the exclusive benefit of
the participants and their beneficiaries. T he assets of the Trust shall be held
for the exclusive purposes of providing benefits to participants of the Plan and
their beneficiaries and defraying the reasonable expenses of administering the
Plan and the Trust.

Notwithstanding any other provision of this Agreement: (i) if a contribution is
conditioned upon a favorable determination as to the qualified status of the P
Ian under Code Section 401 and the Plan receives an adverse determination with
respect to its initial qualification, then any such contribution may be returned
to the Employer within one year after the date of

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<PAGE>

determination; (ii) a contribution made by the Employer based upon mistake of
fact may be returned to the Employer within one year after the date of such
contribution; and ( iii) if a contribution to the Plan is conditioned upon its
deductibility under the Code and a deduction for such a contribution is
disallowed, such contribution m ay be returned to the Employer within one year
after the date of the disallowance of such deduction.

The Trustee shall make distributions and payments out of the Fund as directed by
the Nam ed Fiduciary and amounts distributed or paid pursuant to such direction
thereafter no longer shall constitute a part of the Fund. The Named Fiduciary
may direct such distributions and payments to be made to any person, including
the Named Fiduciary or an Employer, or to any paying agent designated by the
Named Fiduciary, in such amounts and in such form and for such purposes as the
Nam ed Fiduciary shall direct. Any such order shall constitute a certification
that the payment is one the Named Fiduciary is authorized to direct. The Named
Fiduciary shall have the exclusive responsibility, and the Trustee shall not
have any responsibility or duty under this Agreement, for ensuring that any
payment made from the Fund at the direction of the Named Fiduciary does not
constitute a diversion of the assets of the Fund and for determining that any
such distribution is in accordance with the terms of the Plan and applicable
law, including, without limitation, determining the amount, timing or method of
payment and the identity of each person to whom such payments shall be made. The
Trustee shall have no responsibility or duty to determine the tax effect of any
payment or to see to the application of any payment. The Trustee shall not be
required to make any payment from the Fund in excess of the net realizable value
of the assets of the Fund or to make any payment in cash unless there is
sufficient cash in the Fund or the Named Fiduciary has provided written
instructions as to the assets to be converted to cash for the purpose of making
the distribution. If a dispute arises as to w ho is entitled to or should
receive any benefit or payment, the Trustee may withhold or cause to be withheld
such payment until the dispute is resolved.

The Employer shall identify the Nam ed Fiduciary to the Trustee and shall
furnish the Trustee with a written list of the names, signatures and extent of
authority of all persons authorized to direct the Trustee and otherwise act on
behalf of the Employer under the terms of this Agreement. The Named Fiduciary
will provide the Trustee with a written list of the names, signatures and extent
of authority of all persons authorized to act on behalf of the Nam ed Fiduciary.
The Trustee shall be entitled to rely on and shall be fully protected in acting
upon direction from an authorized party until notified in writing by the
Employer or the Named Fiduciary, as appropriate, of a change of the identity of
an authorized party.

All directions and instructions to the Trustee from a party who has been
authorized to act on behalf of the Employer or the Named Fiduciary shall be in
writing, transmitted by mail or by facsimile or shall be an electronic
transmission, provided the Trustee may, in its discretion, accept oral
directions and instructions and m ay require confirmation in writing of any such
oral directions and instructions. The Trustee shall be entitled to rely on and
shall be fully protected in acting in accordance with all such directions and
instructions which the Trustee

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<PAGE>

reasonably believes to have been given by a party who has been authorized to act
on behalf of the Employer or the Named Fiduciary.

SECTION 9.2   INVESTMENT POWERS AND DUTIES OF TRUSTEE

The Named Fiduciary, from time to time and in accordance with the pro visions of
the Plan, shall direct the Trustee to establish one or more separate investment
accounts under the Trust (each such separate account hereinafter referred to as
an "Investment Fund"). The Trustee shall transfer to each such Investment Fund
such portion of the assets of the Fund as the Named Fiduciary directs. The
assets which have been allocated to an Investment Fund shall be invested and
reinvested in accordance with the instructions of the Named Fiduciary, which
shall have exclusive responsibility therefore. The Trustee shall be under no
duty to question, and shall not incur any liability on account of following, the
instructions of the Named Fiduciary, with respect to any Investment Fund or the
investment or reinvestment of any assets of the Fund or any Investment Fund, nor
to make suggestions to the Named Fiduciary in connection therewith or to deter
mine the compliance of such instructions with the Plan or applicable law,
including, without limitation, the requirements of Sections 406 and 407 of
ERISA. The Trustee shall not be liable for any losses , costs or expenses
(including, without limitation, any opportunity costs) resulting from any
investment directions given or omitted by the Named Fiduciary and the Trustee
shall not be liable for any losses, cost or expenses associated with the
investment decisions of the Named Fiduciary, including, without limitation, any
losses, costs or expenses associated with the selection of investments by the
Named Fiduciary, actual investments directed by the Named Fiduciary and the
market risks associated with such selections and directions. If the Trustee is
directed to deliver property against payment, the Trustee shall have no
liability for non-receipt of such payment.

Unless the Trustee is otherwise directed by the Nam ed Fiduciary, all interest,
dividends and other income received with respect to, and all proceeds received
from the sale or other disposition of, assets of an Investment Fund shall be
credited to and reinvested in such Investment Fund, and all expenses of the F
and which are properly allocable to a particular Investment Fund shall be so
allocated and charged. Subject to the provisions of the P Ian, the Named
Fiduciary may direct the Trustee to eliminate an Investment Fund or Funds, and
the Trustee thereupon shall dispose of the assets of such Investment Fund or
Funds and reinvest the proceeds thereof in accordance with the instructions of
the Named Fiduciary.

        (a) Discretionary Powers and Duties of Trustee. Subject to the
        provisions and limitations contained elsewhere herein, in administering
        the Trust, the Trustee shall be specifically authorized in its sole
        administrative discretion to:

                (1)  Appoint sub-trustees or depositories, domestic or foreign
                (including affiliates of the Trustee), as to part or all of the
                Fund, except that the indicia of ownership of any asset of the F
                and shall not be held outside the jurisdiction of the district
                courts of the United States unless in compliance with Section
                404(b) of ERISA and regulations thereunder;

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<PAGE>

                (2) Appoint one or more individuals or corporations as a
                custodian of any property of the Fund and, as part of its
                reimbursable expenses under this Agreement to pay the reasonable
                compensation and expenses of any such custodian;

                (3) Hold property in nominee name, in bearer form, or in book
                entry form, in a clearinghouse corporation or in a depository
                (including an affiliate of the Trustee), so long as the
                Trustee's records clearly indicate that the assets held are a
                part of the Fund;

                (4) Collect income payable to and distributions due to the Fund
                and sign on behalf of the Trust any declarations, affidavits,
                certificates of ownership and other documents required to
                collect income and principal payments, including but not limited
                to, tax reclamations, rebates and other withheld amounts;

                (5) Collect proceeds from securities, certificates of deposit or
                other investments which may mature or be called and surrender
                such securities at maturity or when called; provided, however,
                that the Trustee shall not be liable for failure to surrender
                any security for redemption prior to maturity or take other
                action if notice of such redemption or other action was not
                provided to the Trustee by the issuer, the Named Fiduciary or
                one of the nationally recognized bond or corporate action
                services to which the Master Trustee subscribes;

                (6) Exchange securities in temporary form for securities in
                definitive form, and to effect an exchange of shares where the
                par value of stock is changed;

                (7) Submit or cause to be submitted to the Named Fiduciary, on a
                best efforts basis, all information received by the Trustee
                regarding ownership rights pertaining to property held in the
                Fund;

                (8) Attend to involuntary corporate actions;

                (9) Determine, or cause to be determined, the fair market value
                of the Fund daily, or for such other period as may be mutually
                agreed upon, in accordance with methods consistently followed
                and uniformly applied;

                (10) Render periodic statements for property held hereunder;

                (11) Commence or defend suits or legal proceedings and represent
                the Fund in all suits or legal proceedings in any court or
                before any other body or tribunal as the Trustee shall deem
                necessary to protect the Fund (provided, however, that the
                Trustee shall have no obligation to take any legal act ion for

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<PAGE>

                the benefit of the Fund unless it shall first be indemnified for
                all expenses in connection therewith, including, without
                limitation, counsel fees);

                (12) Employ suitable agents and legal counsel, who may be
                counsel for an Employer, and, as a part of its reimbursable
                expenses under this Agreement, to pay their reasonable
                compensation and expenses. The Trustee shall be entitled to rely
                on and may act upon advice of counsel on all matters, and shall
                be without liability for any action reasonably taken or omitted
                pursuant to such advice.

                (13) Subject to the requirements of applicable law, take all
                action necessary to settle authorized transactions;

                (14) Form corporations and create trusts under the laws of any
                state for the purpose of acquiring and holding title to any
                securities or other property, all on such terms and conditions
                as the Trustee deems advisable;

                (15) Make, execute and deliver any and all documents, agreements
                or other instruments in writing as are necessary or desirable
                for the accomplishment of any of the powers and duties in this
                Agreement; and

                (16) Generally take all action, whether or not expressly
                authorized, which the Trustee may deem necessary or desirable
                for the fulfillment of its duties hereunder.

        (b)     Directed Powers of Trustee. In addition to the powers enumerated
                in Section 9.2(a), the Trustee shall have the following powers
                and authority in the administration of the Fund to be exercised
                solely as directed by the Named Fiduciary:

                (1) Invest and reinvest in property, provided that in no case
                without the consent of the Trustee will the assets of the Fund
                be invested in as sets other than units of collective investment
                funds;

                (2) Settle purchases and sell, exchange, convey, transfer or
                otherwise dispose of any property at any time held by the
                Trustee, by private contract or at public auction, for cash or
                on credit, upon such conditions, at such prices and in the same
                manner as the Named Fiduciary, shall direct, and 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;

                (3) Engage in other transactions, including free receipts and
                deliveries,

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<PAGE>

                exchanges and other voluntary corporate actions, with respect to
                property received by the Trustee;

                (4) Hold any part of the Fund in cash or cash balances and the
                Trustee shall not be responsible for the payment of interest on
                such balances;

                (5) Make loans from the Fund to participants in the Plan, which
                shall be secured by the participants account balance; however,
                the Named Fiduciary shall have full and exclusive responsibility
                for loans made to participants, including, without limitation,
                full and exclusive responsibility for the following: development
                of procedures and documentation for such loans; acceptance of
                loan applications; approval of loan applications; disclosure of
                interest rate information required by Regulation Z of the
                Federal Reserve Board promulgated pursuant to the Truth in
                Lending Act, 15 U.S .C. ss. 1601 et seq.; ensuring that such
                loans shall bear a reasonable rate of interest ( within the
                meaning of Regulation ss. 2550.408( b)(1 ) promulgated by the
                Department of Labor); acting as agent of the Trustee for the
                physical custody and safekeeping of the promissory notes and
                other loan documents; performing necessary and appropriate
                recordkeeping and accounting functions with respect to loan
                transactions; enforcement of promissory note terms, including,
                but not limited to, directing the Trustee to take specified
                actions to enforce its rights under the documents relating to
                plan loans, including, without limitation, the occurrence of
                events of default and maintenance of accounts and records
                regarding interest and principal payments on notes. The Trustee
                shall not in any way be responsible for holding or reviewing
                such documents, records and procedures and shall be entitled to
                rely upon such information as is provided by the Named Fiduciary
                or its own sub-agent or record keeper without any requirement or
                responsibility to inquire as to the completeness or accuracy
                thereof, but may from time to time examine such documents,
                records and procedures as it deems appropriate. Unless otherwise
                instructed in writing by the Named Fiduciary, the Trustee shall
                have no duty or responsibility to file a UCC-1 form or take
                other action in order to perfect its security interest in the
                accounts of a Participant to whom a loan is made. The Employer
                shall indemnify and hold the Trustee and its directors, officers
                and employees harmless from all claims, liabilities, losses,
                damages, costs and expenses, including reasonable attorneys'
                fees, arising out of any action or inaction of the Named
                Fiduciary with respect to its agency responsibilities described
                herein with respect to participant loans and this
                indemnification shall survive the termination of this Agreement;

                (6) Deposit cash in interest bearing accounts in the banking
                department of the Trustee, the Employer (provided that the
                Employer meets the requirements of ss. 408(b)(4) of ERISA) or an
                affiliated banking organization of the Trustee or

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<PAGE>

        the Employer; and

                (7) Invest in any collective investment fund, including any
                collective investment fund maintained by the Trustee or an
                affiliate. The Trustee shall have no responsibility for the
                custody or safekeeping of assets transferre d to any collective
                investment trust not maintained by the Trustee. To the extent
                that any investment is made in any such collective investment
                fund, the terms of the collective trust indenture shall solely
                govern the investment duties, responsibilities and powers of the
                trustee of such collective investment fund and, to the extent
                required by law or by such indenture, such terms,
                responsibilities and powers shall be incorporated herein by
                reference and shall be a part of this Agreement. For purposes of
                valuation, the value of the interest maintained by the Fund in
                any such collective investment fund shall be the fair market
                value of the collective investment fund units held, determined
                in accordance with generally recognized valuation procedures.
                The Employer expressly understands and agrees that any such
                collective investment fund may provide for the lending of its
                securities by the collective investment fund trustee and that
                such collective investment fund trustee will receive
                compensation from the borrowers for the lending of securities
                that is separate from any compensation of the Trustee hereunder,
                or any compensation of the collective investment fund trustee
                for the management of such fund;

                (8) For the purposes of the fund, to borrow money from any
                person or persons, to issue the Fund's promissory note or notes
                therefore, and to secure the repayment thereof by pledging,
                mortgaging or otherwise encumbering any property in its
                possession.

        (c)     Standard of Care. T he Trustee shall discharge its duties under
                this Agreement with the care and skill required under ERISA with
                respect to its duties. The Trustee shall not be responsible for
                the title, validity or genuineness of any property or evidence
                of title thereto received by it or delivered by it pursuant to
                this Agreement and shall be held harm less in acting upon any
                notice, request, direction, instruction, consent, certification
                or other instrument believed by it to be genuine an d delivered
                by the proper party or parties. The duties of the Trustee shall
                only be those specifically undertaken pursuant to this Agreement
                or by separate written agreement.

        (d)     Force Majeure. The Trustee shall not be responsible or liable
                for any losses to the Fund resulting from nationalization,
                expropriation, devaluation, seizure, or similar action by any
                governmental authority, de facto or de jure; or enactment,
                promulgation, imposition or enforcement by any such governmental
                authority of currency restrictions, exchange controls, levies or
                other charges affecting the Fund's property; or acts of war,
                terrorism, insurrection or revolution; or acts of God; or any
                other similar event beyond the control of the Trustee or its
                agents. This Section shall survive the

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<PAGE>

         termination of this Agreement.

SECTION 9.3   POWERS AND DUTIES OF CUSTODIAN

If there is a discretionary Trustee, the Employer may appoint a custodian. A
custodian has the same powers, rights and duties as a nondiscretionary Trustee.
Any reference in the Plan to a Trustee also is a reference to a custodian unless
the context of the Plan indicates otherwise. A I imitation of the Trustee's
liability by Plan provision also acts as a limitation of the custodian's
liability. Any action taken by the custodian at the discretionary Trustee's
direction satisfied any provision in the Plan referring to the Trustee taking
that action. T he resignation or removal of the custodian shall be made in
accordance with Section 9.6 as though the custodian were a Trustee.

SECTION 9.4   TRUSTEE'S COMPENSATION, EXPENSES, TAXES AND INDEMNIFICATION

The Trustee shall be entitled to compensation for services under this Plan as
mutually agreed by the Employer and the Trustee, unless already receiving full
time compensation from the Employer. The Trustee shall also be entitled to
reimbursement for reasonable expenses incurred by it in the discharge of its
duties under this PIan. Consistent with applicable law, the Trustee is
authorized to charge and collect from the Fund any and all such fees and
expenses to the extent such fees and expenses are not paid directly by the
Employer, another Employer or by Pentegra (acting on behalf of the Employer or
such other Employer).

All amounts (including taxes) paid from the Trust Fund which are allocable to an
Investment Fund shall be charged to such Investment Fund in accordance with this
Plan. All such expenses which are not so allocable shall be charged against each
of the Investment Funds in the same proportion as the value of the total assets
held in such Investment Fund bears to the value of the total assets in the Fund.

To the extent the Trustee advances funds to the Fund for disbursements or to
effect the settlement of purchase transactions, the Trustee shall be entitled to
collect from the Fund an amount equal to what would have been earned on the sums
advanced (an amount approximating the "federal funds" interest rate).

To the extent that the Employer or Named Fiduciary has provided necessary
information to the Trustee, the Trustee shall use reasonable efforts to assist
the Employer or the Named Fiduciary with respect to any tax obligations. The
Employer or Named Fiduciary shall notify the Trustee of any tax obligations.
Notwithstanding the foregoing, the Trustee shall have no responsibility or
liability for any tax obligations now or hereafter imposed on any Employer or
the Fund by any taxing authorities, domestic or foreign, except as provided by
applicable law.

To the extent the Trustee is responsible under any applicable law for any tax
obligation, the Employer or the Named Fiduciary shall inform the Trustee of all
tax obligations, shall direct the Trustee with respect to the performance of
such tax obligations, and shall provide the

                                       77

<PAGE>

Trustee with all information required by the Trustee to meet such tax
obligations. All such tax obligations shall be paid from the Trust Fund unless
paid by the Employer or another Employer.

The Employer shall indemnify and hold harmless the Trustee and its directors,
officers and employees from all claims, liabilities, losses, damages and
expenses, including reasonable attorneys' fees and expenses, incurred by the
Trustee in connection with this Plan, except those resulting from the Trustee's
gross negligence, bad faith or willful misconduct. This indemnification (as well
as any other indemnification in this Plan) shall survive the termination of this
Plan. If the Trustee is acting as a successor trustee or succeeds to
responsibilities hereunder for trusteeship of plan assets with respect to the
Trust F and (or any portion thereof), the Employer hereby agrees to hold the
Trustee harmless from and against any tax, claim, liability, loss, damage or
expense incurred by or assessed against it as such successor as a direct or
indirect result of any act or omission of a predecessor trustee or any other
person under the Plan, except for such taxes, claim s, liabilities, losses,
damages or expenses attributable to the Trustee's own gross negligence, bad
faith or willful misconduct.

SECTION 9.5  REPORTING AND RECORDKEEPING

The Trustee shall keep full and accurate records of all receipts, investments,
disbursements, and other transactions hereunder, including such specific records
as may be agreed upon in writing between the Employer and the Trustee. Within
ninety (90) days after the end of each fiscal year of the Trust or within ninety
(90) days after its removal or resignation or the termination of this Plan, the
Trustee shall file with the Employer a written account of the administration of
the Fund showing all transactions effected by the Trustee and all property held
by the Fund at its fair market value for the accounting period. If, within
ninety (90) days after the Trustee mails such account to the Employer, the
Employer has not given the Trustee written notice of any exception or objection
thereto, the statement shall be deemed to have been approved, and in such case,
the Trustee shall not be liable for any matters in such statements. Upon prior
written notice, the Employer or its agent shall have the right at its own
expense to inspect the Trustee's books and records directly relating to the Fund
during normal business hours. If for any reason the Trustee fails to file an
account required of the Trustee within the applicable times specified hereunder,
such account shall be filed by the Trustee after the expiration of such time as
soon as is reasonably practicable. To the extent that the Trustee shall be
required to value the assets of the Fund, the Trustee may rely for all purposes
of this Plan upon any certified appraisal or other form of valuation submitted
by the Named Fiduciary, Pentegra, any investment manager or other third party
appointed by the Named Fiduciary. Nothing in this Section shall impair Trustee's
right to judicial settlement of any account rendered by it. In any such
proceeding the only necessary parties shall be the Trustee, the Employer and any
other party whose participation is required by law, and any judgment, decree or
final order entered shall be conclusive on all persons having an interest in the
trust. The fiscal year of the Trust shall be the Plan Year as established under
the terms of the Plan.

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<PAGE>

The duties of the Trustee shall be limited to the assets held in the Fund, and
the Trustee shall have no duties with respect to assets held by any other per
son including, without limitation, any other trustee for the Plan unless
otherwise agreed in writing. The Employer hereby agrees that the Trustee shall
not serve as, and shall not be deem ed to be, a co-trustee under any
circumstances. The Named Fiduciary may request the Trustee to perform a
recordkeeping service with respect to property held by others and n of otherwise
subject to the terms of this Plan. To the extent the Trustee shall agree to per
form this service, its sole responsibility shall be to accurately reflect
information on its books which it has received from the Named Fiduciary.

SECTION 9.6   AMENDMENT, TERMINATION, RESIGNATION AND REMOVAL

The provisions of this Section 9 may be amended by written agreement signed by
the Employer and the Trustee. This Plan may be terminated at any time by the
Employer by written instrument delivered to the Trustee. T hereafter, the
Trustee shall distribute all assets of the Fund, less any fees and expenses
payable from the Fund with respect to the Plan, pursuant to instructions of the
Named Fiduciary. The Trustee may condition its delivery, transfer or
distribution of any assets upon the Trustee's receiving assurances reasonably
satisfactory to it that the approval of appropriate governmental or other
authorities has been secured and that all notices and other procedures required
by applicable law have been complied with. The Trustee shall be entitled to
assume that such distributions are in full compliance with and not in violation
of the terms of the Plan or any applicable law.

The Trustee may be removed with respect to all or part of the Fund upon receipt
of sixty (60) days' written notice (unless a shorter or longer period is agreed
upon) from the Employer. The Trustee may resign as Trustee hereunder upon sixty
(60) days' written notice (unless a shorter or longer period is agreed upon)
delivered to the Employer. In the event of such removal or resignation, a
successor trustee will be appointed and the retiring Trustee shall transfer the
Fund, less such amounts as may be reasonable and necessary to cover its
compensation and expenses. In the event the Employer fails to appoint a
successor trustee within sixty (60) days of receipt of written notice of
resignation, the Trustee reserves the right to seek the appointment of a
successor trustee from a court of competent jurisdiction. The Trustee shall have
no duties, responsibilities or liability with respect to the acts or o missions
of any successor trustee.

The Trustee reserves the right to retain such property as is not suitable for
distribution or transfer at the time of the termination of a Plan or this
Agreement and shall hold such property for the benefit of those persons or other
entities entitled to such property until such time as the Trustee is able to
make distribution. Upon the appointment and acceptance of a successor trustee,
the Trustee's sole duties shall be those of a custodian with respect to any
property not transferred to the successor trustee.

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                                    ARTICLE X
            ADMINISTRATION OF PLAN AND ALLOCATION OF RESPONSIBILITIES

SECTION 10.1  FIDUCIARIES

        The following persons are Fiduciaries under the Plan.

        a)   The Trustee,

        b)   The Employer,

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

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

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

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

SECTION 10.2  ALLOCATION OF RESPONSIBILITIES AMONG THE FIDUCIARIES

     a) The Trustee
        -----------

     The Employer shall either enter into one or more T rust Agreements with a
     Trustee or Trustees selected by the Employer. The Trust established under
     any such agreement shall be a part of the Plan and shall provide that all
     funds received by the Trustee as contributions under the Plan and the
     income therefrom (other than such part as is necessary to pay the expenses
     and charges referred to in Paragraph (b) of this Section) shall be held in
     the Trust Fund for the exclusive benefit of the M embers or their
     Beneficiaries, and managed, invested and reinvested and distributed b y the
     Trustee in accordance with the Plan. Sums received for investment may be
     invested (i) wholly or partly through the medium of any common, collective
     or commingled trust fund maintained by a bank or other financial
     institution and which is qualified under Sections 401(a) and 501(a) of the
     Code and constitutes a part of the Plan; (ii) wholly or partly through the
     medium of a group annuity or other type of contract issued by an insurance
     company and constituting a part of the Plan, and utilizing, under any such
     contract, general, commingled or individual investment accounts; or (iii)
     wholly or partly in securities issued by an investment company registered
     under the Investment Company Act of 1940. Subject to the provisions of
     Article XI, the Employer may from time to time and without the consent of
     any Member or Beneficiary (a) amend the Trust Agreement or

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<PAGE>

   any such insurance contract in such manner as the Employer may deem necessary
   or desirable to carry out the Plan, (b) remove the Trustee and designate a
   successor Trustee upon such removal or upon the resignation of the Trustee,
   and (c) provide for an alternate funding agency under the Plan. The Trustee
   shall make payments under the Plan only to the extent, in the amounts, in the
   manner, at the time, and to the persons as shall from time to time be set
   forth and designated in written authorizations from the Plan Administrator or
   TPA. The Trustee shall from time to time charge against and pay out of the
   Trust Fund taxes of any and all kinds whatsoever which are levied or assessed
   upon or become payable in respect of such Fund, the income or any property
   forming a part thereof, or any security transaction pertaining thereto. To
   the extent not paid by the Employer, the Trustee shall also charge against
   and pay out of the Trust F und other expenses incurred by the Trustee in the
   performance of its duties under the Trust, the expenses incurred by the TPA
   in the performance of its duties under the Plan (including reasonable
   compensation for agents and cost of services rendered in respect of the
   Plan), such compensation of the Trustee as m ay be agreed upon from time to
   time between the Employer and the Trustee, and all other proper charges and
   disbursements of the Trustee, the Employer, or the Plan Administrator.

   b) The Employer
      ------------

   The Employer shall be responsible for all functions as signed or reserved to
   it under the Plan and any related Trust Agreement. Any authority so assigned
   or reserved to the Employer, other than responsibilities assigned to the Plan
   Administrator, shall be exercised by resolution of the Employer's Board of
   Directors and shall become effective with respect to the Trustee upon written
   notice to the Trustee signed by the duly authorized officer of the Board
   advising the Trustee of such exercise. By way of illustration and not by
   limitation, the Employer shall have authority and responsibility:

   (1)  to amend the Plan;

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

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

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

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

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

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

  c) The Plan Administrator
     ----------------------

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

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

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

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

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

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

  d) The Investment Manager
     ----------------------

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

SECTION 10.3  NO JOINT FIDUCIARY RESPONSIBILITIES

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

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<PAGE>

SECTION 10.4  INVESTMENT MANAGER

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

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

SECTION 10.5  ADVISOR TO FIDUCIARY

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

SECTION 10.6  SERVICE IN MULTIPLE CAPACITIES

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

SECTION 10.7  APPOINTMENT OF PLAN ADMINISTRATOR

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

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<PAGE>

in the event of the removal, resignation, death or other termination of service
of the Plan Administrator, the Employer shall, as soon as is practicable,
appoint a successor Plan Administrator, such successor thereafter to have all of
the rights, privileges, duties and obligations of the predecessor PIan
Administrator.

SECTION 10.8  POWERS OF THE PLAN ADMINISTRATOR

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

SECTION 10.9  DUTIES OF THE PLAN ADMINISTRATOR

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

SECTION 10.10  ACTION BY THE PLAN ADMINISTRATOR

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

SECTION 10.11  DISCRETIONARY ACTION

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

SECTION 10.12  COMPENSATION AND EXPENSES OF PLAN ADMINISTRATOR

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

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<PAGE>

Administrator, but all expenses of the Plan Administrator shall be paid by the
Employer or in accordance with Section 10.2. Such expenses shall include any
expenses incidental to the functioning of the Plan, including, but not limited
to, attorney's fees, accounting and clerical charges, and other costs of
administering the Plan. Non-Employee Plan Administrators shall receive such
compensation as the Employer shall determine.

SECTION 10.13  RELIANCE ON OTHERS

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

SECTION 10.14  SELF INTEREST

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

SECTION 10.15  PERSONAL LIABILITY - INDEMNIFICATION

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

The Employer will indemnify every person who is or was a Plan Administrator,
officer or member of the Board or a person who provides services without
compensation to the Plan for any liability (including reasonable costs of
defense and settlement) arising by reason of any act or omission affecting the
Plan or affecting the Member or Beneficiaries thereof, including, without
limitation, any damages, civil penalty or excise tax imposed pursuant to ERISA;
provided (1) that the act or omission shall have occurred in the course of the
person's service

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<PAGE>

as Plan Administrator, officer of the Employer or member of the Board or was
within the scope of the Employment of any Employee of the Employer or in
connection with a service provided without compensation to the Plan, (2) that
the act or omission be in good faith as determined by the Employer, whose
determination, made in good faith and not arbitrarily or capriciously, shall be
conclusive, and (3) that the Employer's obligation hereunder shall be offset to
the extent of any otherwise applicable insurance coverage, under a policy
maintained by the Employer, or any other person, or other source of
indemnification.

SECTION 10.16  INSURANCE

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

SECTION 10.17  CLAIMS PROCEDURES

Claims for benefits under the Plan shall be filed with the Plan Administrator on
forms supplied by the Employer. Written notice of the disposition of a claim
shall be furnished to the claim ant within 90 days after the application thereof
is filed unless special circumstances require an extension of time for
processing the claim of up to an additional 90 days. If such an extension of
time is required, written notice of the extension shall be furnished to the
claimant prior to the termination of said initial 90-day period, and such notice
shall indicate the special circumstances which make the postponement
appropriate.

SECTION 10.18  CLAIMS REVIEW PROCEDURES

In the event a claim is denied, the reasons for the denial shall be specifically
set forth in the notice described in this Section 10.18 in language calculated
to be understood by the claimant. Pertinent provisions of the Plan shall be
cited, and, where appropriate, an explanation as to how the claimant can request
further consideration and review of the claim will be provided. In addition, the
claimant shall be furnished with an explanation of the Plan' s claims review
procedures. Any Employee, former Employee, or Beneficiary of either, who has
been denied a benefit by a decision of the Plan Administrator pursuant to
Section 10.17 shall be entitled to request the Plan Administrator to give
further consideration to his claim by filing with the Plan Administrator (on a
form which may be obtained from the Plan Administrator) a request for a review
of the initial denial of the claim. Such request, together with a written
statement of the reasons why the claimant believes his claim should be allowed,
shall be filed with the Plan Administrator no later than 60 days after receipt
of the written notification of

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<PAGE>

claim denial provided for in Section 10.17. T he Plan Administrator may, in its
sole discretion, then conduct a hearing within the next 60 days, at which the
claim ant may be represented by an attorney or any other representative of his
choosing and at which the claimant shall have an opportunity to submit written
and oral evidence and arguments in support of his claim. At the hearing (or
prior thereto upon 5 business days' written notice to the Plan Administrator),
the claimant or his representative shall have an opportunity to review all
documents in the possession of the Plan Administrator which are pertinent to the
claim at issue and its disallowance. A final disposition of the claim shall be
made by the Plan Administrator within 60 days of receipt of the appeal unless
there has bee n an extension of 60 days and shall be communicated in writing to
the claimant. Such communication shall be written in a manner calculated to be
understood by the claim ant and shall include specific reasons for the
disposition and specific references to the pertinent Plan provisions on which
the disposition is based. For all purposes under the Plan, such decision on
claims (where no review is requested) and decision on review (where review is
requested) shall be final, binding and conclusive on all interested persons as
to participation and benefits eligibility, the amount of benefits and as to any
other matter of fact or interpretation relating to the Plan.

                                       87
<PAGE>

                                   ARTICLE XI
                            MISCELLANEOUS PROVISIONS

SECTION 11.1  GENERAL LIMITATIONS

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

        For purposes of this Section 11.1, a Member's contributions shall be
        determined without regard to any rollover contributions as provided in
        Section 402(a) (5) of the Code.

(B)    Limitations on Allocations
       --------------------------

      (1)    If the Member does not participate in, another qualified defined
             contribution plan maintained by the Employer or a welfare benefit
             fund , as defined in Section 419(e) of the Code maintained by the
             Employer, or an individual medical account, as defined in Section
             415(1)(2) of the Code, maintained by the employer, or a simplified
             employee pension, as defined in Section 408(k) of the Code,
             maintained by the Employer, which provides an annual addition as
             defined in paragraph 12, the amount of annual additions which m ay
             be credited to the Member's account for any limitation year will
             not exceed the lesser of the maximum permissible amount or any
             other limitation contained in this Plan. If the Employer
             contribution that would otherwise be contributed o r allocated to
             the Member's account would cause the annual additions for the
             limitation year to exceed the maxi mum permissible amount, the
             amount contributed or allocated will be reduced so that the annual
             additions for the limitation year will equal the maximum
             permissible amount.

      (2)    Prior to determining the Member's actual compensation for the
             limitation year, the Employer may determine the maximum
             permissible amount for a Member on the basis of a reasonable
             estimation of the Member's compensation for the limitation year,
             uniformly determined for all Members similarly situated.

      (3)    As soon as is administratively feasible after the end of the
             limitation year, the maximum permissible amount for the limitation
             year will be determined on the basis of the Member's actual
             compensation for the limitation year.

      (4)    If pursuant to paragraph 3 above or as a result of the allocation
             of forfeitures, there is an excess amount the excess will be
             disposed of as follows:

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<PAGE>

        (a)  Any nondeductible voluntary employee contributions (plus
             attributable earnings), to the extent they would reduce the excess
             amount, will be returned to the Member;

        (b)  If after the application of paragraph (a) an excess amount still
             exists, any elective deferrals (plus attributable earnings), to the
             extent they would reduce the excess amount, will be distributed to
             the Member;

        (c)  If after the application of paragraph (b) an excess amount still
             exists, and the Member is covered by the Plan at the end of the
             limitation year, the excess amount in the Member's account will be
             used to reduce employer contributions (including any allocation of
             forfeitures) for such Member in the next limitation year, and each
             succeeding limitation year if necessary.

        (d)  If after the application of paragraph (b) an excess amount still
             exists, and the Member is not covered by the Plan at the end of a
             limitation year, the excess amount will be held unallocated in a
             suspense account. The suspense account will be applied to reduce
             future employer contributions for all remaining Members in the next
             limitation year, and each succeeding limitation year if necessary.

        (e)  If a suspense account is in existence at any time during a
             limitation year pursuant to this paragraph 4, it will not
             participate in the allocation of investment gains and losses. If a
             suspense account is in existence at any time during a particular
             limitation year, all amounts in the suspense account must be
             allocated and reallocated to Members' accounts before any employer
             or any employee contributions may be made to the Plan for that
             limitation year. Except as provided in subparagraphs (a) and ( b)
             of this paragraph (4), excess amounts may not be distributed to
             Members or former Members.

(5)     This paragraph applies if, in addition to this Plan, the Member is
covered under another qualified master or prototype defined contribution plan
maintained by the Employer, a welfare benefit fund maintained by the Employer,
an individual medical account maintained by the Employer, or a simplified
employee pension maintained by the Employer, that provides an annual addition as
defined in paragraph 12, during any limitation year. The annual additions which
may be credited to a Member's account under this Plan for any such limitation
year will not exceed the maximum permissible amount reduced by the annual
additions credited to a Member's account under the other qualified master and
prototype defined contribution plans, welfare benefit funds, individual medical
accounts, and simplified employee pensions for the same limitation year. If the
annual additions with respect to the M ember under other qualified m aster and
prototype defined contribution plans, welfare benefit funds, individual medical

                                       89
<PAGE>

          accounts, and simplified employee pensions maintained by the Employer
          are less than the maximum permissible amount and the employer
          contribution that would otherwise be contributed or allocated to the
          Member's account under this Plan would cause the annual additions for
          the limitation year to exceed this limitation, the amount contributed
          or allocated will be reduced so that the annual additions under all
          such plans and funds for the limitation year will equal the maximum
          permissible amount. If the annual additions with respect to the M
          ember under such other qualified master and prototype defined
          contribution plans, welfare benefit funds, individual medical
          accounts, and simplified employee pensions in the aggregate a re equal
          to or greater than the maximum permissible amount, no amount will be
          contributed or allocated to the Member's account under this Plan for
          the limitation year.

   (6)    Prior to determining the Member's actual compensation for the
          limitation year, the Employer may determine the maximum permissible
          amount for a Member in the manner described in paragraph 2.

   (7)    As soon as is administratively feasible after the end of the
          limitation year, the maximum permissible amount for the limitation
          year will be determined on the basis of the Member's actual
          compensation for the limitation year.

   (8)    If, pursuant to paragraph 7 or as a result of the allocation of
          forfeitures, a Member's annual additions under this P Ian and such
          other plans would result in an excess amount for a limitation year,
          the excess amount will be deemed to consist of the annual additions
          last al located, except that annual additions attributable to a
          simplified employee pension will be deemed to have been allocated
          first, foil owed by annual additions to a welfare benefit fund or
          individual medical account, regardless of the actual allocation date.

   (9)    If an excess amount was allocated to a Member on an allocation date of
          this Plan which coincides with an allocation date of another plan,
          the excess amount attributed to this Plan will be the product of:

                 (a) the total excess amount allocated as of such date, times

                 (b)  the ratio of (i) the annual additions allocated to the M
                      ember for the limitation year as of such date under this
                      Plan to (ii) the total annual additions allocated to the M
                      mber for the limitation year as of such date under this
                      and all the other qualified master or prototype defined
                      contribution plans.

  (10)    Any excess amount attributed to this Plan will be disposed in the
          manner described in paragraph 4.

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<PAGE>

(11)     If the Member is covered under another qualified defined contribution
         plan maintained by the employer which is not a master or prototype
         plan, annual additions which may be credited to the Member's account
         under this Plan for any limitation year will be limited in accordance
         with paragraphs 5 through 10 as though the other plan were a master or
         prototype plan.

(12)     Definitions. - Annual additions: The sum of the following amounts
         credited to a Member's account for the limitation year:

                 (a)  employer contributions;

                 (b)  employee contributions;

                 (c)  forfeitures;

                 (d)  amounts allocated, after March 31, 1984, to an individual
                      medical account, as defined in Plan 415(1)(2) of the Code,
                      which is part of a pension or annuity plan maintained by
                      the employer are treated as annual additions to a defined
                      contribution plan. Also 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 Plan
                      419A(d)(3) of the Code, under a welfare benefit fund, as
                      defined in P Ian 419(e) of the Code, maintained by the
                      employer are treated as annual additions to a defined
                      contribution plan; and

                 (e)  allocations under a simplified employee pension. For this
                      purpose, any excess amount applied under paragraphs 4 or
                      10 in the limitation year to reduce employer contributions
                      will be considered annual additions for such limitation
                      year.

              Compensation will mean compensation as required to be reported
              under Sections 6041, 6051, and 6052 of the Code (Wages, tips and
              other compensation as reported on Form W-2). Compensation is
              defined as wages within the meaning of Section 3401(a) and all
              other payments of compensation to an employee by the employer (in
              the course of the employer's trade or business) for which the
              employer is required to furnish the employee a written statement
              under Sections 6041(d), 6051(a)(3), and 6052. Compensation must be
              determined without regard to any rules under Section 3401(a) that
              limit the remuneration included in wages based on the nature or
              location of the employment or the services performed (such as the
              exception for agricultural labor in Section 3401(a) (2)).

              For any self-employed individual, compensation will mean earned
              income. For limitation years beginning after December 31, 1991,
              for purposes of applying the limitations of this article,
              compensation for a limitation year is the compensation actually
              paid or made available in gross income during such limitation
              year.

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             Notwithstanding the preceding sentence, compensation for a Member
             in a defined contribution plan who is permanently and totally
             disabled (as defined in Section 22(e)(3) of the Code) is the
             compensation such Member would have received for the limitation
             year if the M ember had been paid at the rate of compensation paid
             immediately before becoming permanently and totally disabled; for
             limitation years beginning before January 1, 1997, such imputed
             compensation for the disabled Member may be taken into account only
             if the Member is not a Highly Compensated Employee and
             contributions made on behalf of such Member are nonforfeitable when
             made. For limitation years beginning after December 31, 1997, for
             purposes of applying the limitations of this article, compensation
             paid or made available during such limitation year shall include
             any elective deferral (a s defined in Code Section 402(g)(3)), and
             any amount which is contributed or deferred by the employer at the
             election of the employee and which is not includible in the gross
             income of the employee by reason of Sections 125, 132(f) or 457.

(13)         Defined contribution dollar limitation: $30,000 as adjusted under
             Plan 415(d).

(14)         For purposes of this Section, Employer shall mean the employer that
             adopts this Plan, and all members of a controlled group of
             corporations (as defined in Plan 414(b) of the Code as modified by
             Plan 415(h)), all commonly controlled trades or businesses (as
             defined in Plan 414(c) as modified by Plan 415(h)) or affiliated
             service groups (as defined in Plan 414(m)) of which the adopting
             employer is a part, and any other entity required to be aggregated
             with the employer pursuant to regulations under Plan 414(o) of the
             Code.

(15)         Excess amount: The excess of the Member's annual additions for the
             limitation year over the maximum permissible amount.

(16)         Highest average compensation: The average compensation for the
             three consecutive years of service with the employer that produces
             the highest average.

(17)         Limitation year: The limitation year as specified by the Employer
             in the Adoption Agreement. All qualified plans maintained by the
             employer must use the same limitation year. If the limitation year
             is amended to a different 12-consecutive month period, the new
             limitation year must begin on a date within the limitation year in
             which the amendment is made.

(18)         Master or prototype plan: A plan the form of which is the subject
             of a favorable opinion letter from the Internal Revenue Service.

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<PAGE>

(19)         Maximum permissible amount: The maximum annual addition that may be
             contributed or allocated to a Member's account under the Plan for
             any limitation year beginning before January 1, 2002, shall not
             exceed the lesser of:

                 (a)     the defined contribution dollar limitation, or
                 (b)     25 percent of the Member's compensation for the
                         limitation year.

      For limitation years beginning on or after January 1, 2002, except for
      catch-up contributions described in Code Section 414(v), the annual
      addition that may be contributed or allocated to a Member'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 Member's compensation for the
                         limitation year.

                The compensation limitation referred to in (b) shall not apply
                to any contribution for medical benefits (within the meaning of
                Section 401(h) or Section 419A(f)(2) of the Code) which is
                otherwise treated as an annual addition under Section 415(1)(1)
                or 419A(d)(2) of the Code.

                If a short limitation year is created because of an amendment
                changing the limitation year to a different 12-consecutive month
                period, the maximum permissible amount will not exceed the
                defined contribution dollar limitation multiplied by the
                following fraction:

                         Number of months in the short limitation year
                         ---------------------------------------------
                                                12.

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

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

(22)    The establishment, maintenance or crediting of a Member's Account
        pursuant to the Plan shall not vest in such Member any right, title or
        interest in the Trust Fund except

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        at the times and upon the terms and conditions and to the extent
        expressly set forth in the Plan and the Trust Agreement.

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

SECTION 11.2  TOP HEAVY PROVISIONS

The Plan will be considered a Top Heavy Plan for any Plan Year if it is
determined to be a Top Heavy Plan as of the last day of the preceding Plan
Year. The provisions of this Section 11.2 shall apply and supersede all other
provisions in the Plan during each Plan Year with respect to which the Plan is
determined to be a Top Heavy Plan.

(A) For purposes of this Section 11.2, the following terms shall have the
meanings set forth below:

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

        (2)   "Aggregation Group" shall mean the group composed of each
              qualified retirement plan of the Employer or an Affiliate in which
              a Key Employee is a member and each other qualified retirement
              plan of the Employer or an Affiliate which enables a plan of the
              Employer or an Affiliate in which a Key Employee is a member to
              satisfy Sections 401(a)(4) or 410 of the Code. In addition, the
              TPA, at the direction of the Plan Administrator, may choose to
              treat any other qualified retirement plan as a m ember of the
              Aggregation Group if such Aggregation Group will continue to
              satisfy Sections 401(a)(4) and 41 0 of the Code with such plan
              being taken into account.

        (3)   "Key Employee" for Plan Years beginning after December 31, 2001,
              "Key Employee" shall mean any Employee or former Employee
              (including any deceased Employee)who at any time during the Plan
              Year that includes the determination date is an officer of the
              Employer having an 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 an annual
              compensation of more than $150,000. In determining whether the
              Plan is Top Heavy for Plan Years beginning prior to January 1,
              2002, Key Employee means any Employee or former

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<PAGE>

             Employee (including any deceased Employee) who at any time during
             the 5 year period ending on the determination date, is an officer
             of the Employer having an annual compensation that exceeds 50
             percent of the dollar limitation under Section 415(b)(1 )(A) of the
             Codes, an owner ( or considered an owner under Section 318 of the
             Code) of one of the ten largest interests in the Employer if such
             individuals' compensation exceeds 100 percent of the dollar
             limitation under Section 415 (c)(1 )(A) of the Code, a 5 percent
             owner of the Employer, or a 1 percent owner of the Employer who has
             annual compensation of more than $150,000. For purposes of
             determining who is a Key Employee pursuant to this Subparagraph
             (3), compensation shall have the meaning prescribed in Section
             415(c)(3) of the Code. The determination of who is a Key Employee
             shall be made in accordance with Code Section 416(1)(1) and the
             applicable regulations and other guidance of general applicability
             issued thereunder.

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

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

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

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

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<PAGE>

                             Completed Years of                        Vested
                                 Employment                          Percentage
                                 ----------                          ----------
                             Less than 2                                  0%
                             2 but less than 3                           20%
                             3 but less than 4                           40%
                             4 but less than 5                           60%
                             5 but less than 6                           80%
                             6 or more                                  100%

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

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

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

(C)    The TPA shall, to the maximum extent permitted by the Code and in
       accordance with the IRS Regulations, apply the pro visions of this
       Section 112 by taking into account the benefits payable and the
       contributions made under any other qualified plan maintained by the
       Employer, to prevent inappropriate omissions or required duplication of
       minimum contributions.

SECTION 11.3  INFORMATION AND COMMUNICATIONS

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

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<PAGE>

SECTION 11.4  SMALL ACCOUNT BALANCES

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

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

SECTION 11.6  NON-ALIENATION OF AMOUNTS

Except insofar as may otherwise be required by applicable law, or Article VIII,
or pursuant to the terms of a Qualified Domestic Relations Order, no amount
payable under the Plan shall be subject in any manner to alienation by
anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment, charge
or encumbrance of any kind, and any attempt to so alienate shall be void; nor
shall the Trust Fund in any manner be liable for or subject to the debts or
liabilities of any person entitled to any such amount payable; and further, if
for any reason any amount payable under the Plan would not devolve upon such
person entitled thereto, then the Employer, in its discretion, may terminate his
interest and hold or apply such amount for the benefit of such person or his
dependents as it may deem proper. For the purposes of the Plan, a "Qualified
Domestic Relations Order" means any judgment, decree or order (including
approval of a property settlement agreement) which has been determined by the
Plan Administrator, in accordance with procedures established under the Plan, to
constitute a Qualified Domestic Relations Order within the meaning of Section
414(p) (1) of the Code (or any domestic relations order entered before January
1, 1985). No amounts may be withdrawn under Article V II, and no loans granted
under Article VIII, if the TPA has received a document which may be determined
following its receipt to be a Qualified Domestic Relations Order prior to
completion of review of such order by the Plan Administrator within the time
period prescribed for such review by the IRS Regulations.

SECTION 11.7  UNCLAIMED AMOUNTS PAYABLE

If the TPA cannot ascertain the whereabouts of any person to whom an amount is
payable under the Plan, and if, after 5 years from the date such payment is due,
a notice of such payment due is mailed to the address of such person, as last
shown on the records of the Plan, and within 3 months after such mailing such
person has not filed with the TPA or Plan

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<PAGE>

Administrator written claim therefore, the Plan Administrator may direct in
accordance with ERISA that the payment (including the amount allocable to the
Member's contributions) be cancelled, and used in abatement of the Plan's
administrative expenses, provided that appropriate provision is made for
re-crediting the payment if such person subsequently makes a claim therefore.

SECTION 11.8  LEAVES OF ABSENCE

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

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

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

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

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

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

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<PAGE>

             such time as the Member returns to the service of the Employer or
             the end of the leave, if earlier.

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

SECTION 11.9   RETURN OF CONTRIBUTIONS TO EMPLOYER

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

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

(C)     In the event that the IRS determines that the Plan is not initially
        qualified under the Code, any contribution made incident to that initial
        qualification by the Employer must be returned to the Employer within
        one year after the date the initial qualification is denied, but only if
        the application for the qualification is made by the time prescribed by
        law for filing the Employer's return for the taxable year in which the P
        Ian is adopted, or such later date as the Secretary of the Treasury may
        prescribe.

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

SECTION 11.10  CONTROLLING LAW

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

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<PAGE>

                                   ARTICLE XII
                             AMENDMENT & TERMINATION

SECTION 12.1   GENERAL

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

If the Employer's plan fails to attain or retain qualification, such plan will
no longer participate in this master/prototype plan and will be considered an
individually designed plan.

SECTION 12.2   TERMINATION OF PLAN AND TRUST

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

SECTION 12.3   LIQUIDATION OF TRUST ASSETS IN THE EVENT OF TERMINATION

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

SECTION 12.4   PARTIAL TERMINATION

The Employer may terminate the Plan in part without causing a complete
termination of the Plan. In the event a partial termination occurs, the Plan
Administrator shall determine the

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<PAGE>

portion of the Plan assets attributable to the Members affected by such partial
termination and the provisions of Section 12.3 shall apply with respect to such
portion as if it were a separate fund.

SECTION 12.5   POWER TO AMEND

(A)     Subject to Section 12.6, the Employer, through its Board of Directors,
        shall have the power to amend the Plan in any manner which it deems
        desirable, including, but not by way of limitation, the right to change
        or modify the method of allocation of contributions, to change any
        provision relating to the distribution of payment, or both, of any of
        the assets of the Trust Fund. Further, the Employer may (i) change the
        choice of options in the Adoption Agreement; (ii) add overriding
        language in the Adoption Agreement when such language is necessary to
        satisfy Section 415 or Section 416 of the Code because of the required
        aggregation of multiple plans; and (iii) add certain model amendments
        published by the IRS which specifically provide that their adoption will
        not cause the Plan to be treated as individually designed. An Employer
        that amends the Plan for any other reason, will be considered to have an
        individually designed plan.

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

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

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

SECTION 12.6   SOLELY FOR BENEFIT OF MEMBERS, TERMINATED MEMBERS AND THEIR
BENEFICIARIES

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

No part of the funds of the Trust other than such part as may be required to pay
taxes,

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<PAGE>

administration expenses and fees, shall be reduced by any amendment or be
otherwise used for or diverted to purposes other than the exclusive benefit of
Members, retired Members, Former Members, and their Beneficiaries, except as
otherwise provided in Section 11.9 and under applicable law.

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

SECTION 12.7   SUCCESSOR TO BUSINESS OF THE EMPLOYER

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

SECTION 12.8   MERGER, CONSOLIDATION AND TRANSFER

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

SECTION 12.9   REVOCABILITY

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

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<PAGE>

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

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

                                      103
<PAGE>

                        TRUSTS ESTABLISHED UNDER THE PLAN

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

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

ATTEST: [EMPLOYER NAME]

By
   ----------------------------------

                                          Name
--------------------------------------

                                          Title
--------------------------------------

                                      104

<PAGE>

ADOPTION AGREEMENT
-------------------------------------------------------------------------------
               for Enfield Federal Savings & Loan Association
               Employees' Savings & Profit Sharing Plan and Trust

                                      A19

<PAGE>

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

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

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

Telephone Number: (860) 253-5200  Fax: (860) 253-5205
                  ------------------------------------------------------------

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

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

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

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

<PAGE>

I.       EFFECT OF THE EXECUTION OF THE ADOPTION AGREEMENT

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

         1. Establishes as a new plan the Enfield Federal Savings & Loan
            Association Employees' Savings & Profit Sharing Plan and Trust,
            effective_________ (the "Effective Date).

         2. X
           --- Amends its existing defined contribution plan and trust Enfield
               Federal Savings & Loan Association Employees' Savings & Profit
               Sharing Plan and Trust dated January 23, 2002, in its entirety
               into the Enfield Federal Savings & Loan Association Employees'
               Savings & Profit Sharing Plan and Trust, effective September 1,
               2002, excepts as otherwise provided herein or in the Agreement
               (the "Effective Date").

II.       DEFINITIONS

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

              NOTE: WHICHEVER TESTING METHOD IS SELECTED (PRIOR YEAR TESTING
              OR CURRENT YEAR TESTING), IT MUST APPLY TO BOTH THE ACTUAL
              DEFERRAL PERCENTAGE TEST AND THE ACTUAL CONTRIBUTION PERCENTAGE
              TEST.

         B.  Employer

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

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

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

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

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

             d)   X
                 -----
                         A corporation.

             e)  -----
                         A sole proprietorship or partnership.

             f)  -----
                         A Subchapter S corporation.

             g)  -----
                         Other
                            -------------------------------------------.

                                       2

<PAGE>

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

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

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

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

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

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

         D. "Limitation Year" means the twelve (12) consecutive month period
            ending on 12/31 (month/day). NOTE: IF NO 12 MONTH PERIOD IS
            SELECTED, THE LIMITATION YEAR SHALL BE THE PLAN YEAR.

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

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

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

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

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

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

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

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

            2.   X    Basic Salary only.
               ----

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

                  a)          Commissions not in excess of $                  .
                      -----                                 ---------------

                  b)  -----   Commissions to the extent that Basic Salary plus
                              Commissions do not exceed $         .
                                                         ---------

                                       3
<PAGE>

                  c)  -----  Overtime

                  d)  -----  Overtime and bonuses

     NOTE: MEMBER PRE-TAX CONTRIBUTIONS TO A SECTION 401(K) PLAN ARE ALWAYS
INCLUDED IN PLAN SALARY.

III. SALARY ADJUSTMENT

     A. Cafeteria Plan (Section 125) Salary Adjustment.

        Member pre-tax contributions to a Section 125 cafeteria plan are
        to be included in Plan Salary, unless the Employer elects to exclude
        such amounts by checking this line ____.

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

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

IV. HIGHLY COMPENSATED EMPLOYEE ELECTIONS

    A. Top Paid Group Election:

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

   B.  Calendar Year Data Election:

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

V. ELIGIBILITY REQUIREMENTS

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

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

                                       4
<PAGE>

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

    NOTE: EMPLOYERS WHICH PERMIT MEMBERS TO MAKE PRE-TAX ELECTIVE DEFERRALS TO
          THE PLAN (SEE VII A.3.) MAY NOT ELECT A 24 MONTH ELIGIBILITY PERIOD.

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

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

        5.         Employees included in the following job classifications:
            ------

                     a) ------ Hourly Employees

                     b) ------ Salaried Employees.

                     c) ------- Flex staff employees (i.e.; any Employee who is
                        not a regular full-time or part-time Employee).
                     d) ----- Short-term Employees ( ie.; employees who
                        are hired under a written agreement which precludes
                        membership in the Plan and provides for a specific
                        period of employment not in excess of one year).

                     e) ----- Leased Employees.

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

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

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

          NOTE: IF NO ENTRIES ARE MADE ABOVE, ALL EMPLOYEES SHALL BE
                ELIGIBLE TO PARTICIPATE IN THE PLAN ON THE LATER OF:
                (I) THE EFFECTIVE DATE OR (II) THE FIRST DAY OF THE
                CALENDAR MONTH OR CALENDAR QUARTER (AS DESIGNATED BY
                THE EMPLOYER IN SECTION II C,) COINCIDING WITH OR
                IMMEDIATELY FOLLOWING THE EMPLOYEE'S DATE OF EMPLOYMENT
                OR, AS APPLICABLE, DATE OF REEMPLOYMENT.

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

       1.   X   Both present and future Employees.
          ------

       2.       Future Employees only.
          ------
                                       5

<PAGE>

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

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

    2.        Waived for the      consecutive month period (may not exceed 12)
                             ----

       ------  beginning on the Effective Date of the Plan.

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

     1.         Not applicable. There is no service required for eligibility.
        ------

     2.         Hour of service method (Choose a or b)
        -------
                  a)    The actual number of Hours of Employment.
                    ----

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

     3.   X    Elapsed time method.
        ------

  E.  Requirements to Commence Receipt of Employer Contributions.

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

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

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

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

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

         a)      Matching contributions
            ---

         b)      Basic contributions
            ---

         c)      Safe harbor CODA contributions
            ---

         d)      Supplemental contributions
            ---

                                       6
<PAGE>

          e)        Profit sharing contributions
             ----

          f)         Qualified non-elective contribution
             ----

   NOTE: IF AN EMPLOYER CONTRIBUTION TYPE IS SELECTED IN 2
         ABOVE, MEMBER'S WILL RECEIVE EMPLOYER CONTRIBUTIONS BASED
         UPON THE ELIGIBILITY REQUIREMENTS UNDER SECTION V ABOVE AND
         THE PROVISIONS OF THE PLAN DOCUMENT FOR SUCH EMPLOYER
         CONTRIBUTION TYPE.

VI. PRIOR EMPLOYMENT CREDIT

  A. Prior Employment Credit:

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

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

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

     NOTE: IF THIS PLAN IS A CONTINUATION OF A PREDECESSOR PLAN, SERVICE UNDER
           THE PREDECESSOR PLAN SHALL BE COUNTED UNDER THIS PLAN.

VII.  CONTRIBUTIONS

      NOTE:  ANNUAL MEMBER PRE-TAX ELECTIVE DEFERRALS, EMPLOYER MATCHING
             CONTRIBUTIONS, EMPLOYER SAFE HARBOR CODA CONTRIBUTIONS,
             EMPLOYER BASIC CONTRIBUTIONS, EMPLOYER SUPPLEMENTAL
             CONTRIBUTIONS, EMPLOYER PROFIT SHARING CONTRIBUTIONS AND
             EMPLOYER QUALIFIED NON-ELECTIVE CONTRIBUTIONS, IN THE
             AGGREGATE, MAY NOT EXCEED 15% OF ALL MEMBERS' SALARY (EXCLUDING
             FROM SALARY MEMBER PRE-TAX ELECTIVE DEFERRALS),

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

     1.   X    The maximum amount of monthly contributions a Member may make to
         ----- the Plan (both pre-tax deferrals and after-tax contributions)
               is 50 % (1(.)-75) of the Member's monthly Salary.
                  ---

     2.    X   (Choose a or b):
         ------

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

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

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

                                       7
<PAGE>

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

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

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

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

        1.          1 time per pay period.
            -----

        2.    X     1 time per calendar month.
            -----

        3.  ------  1 time per calendar quarter.

     C.  Employer Matching Contributions (fill in 1 or 6 as applicable; and if
         you select 1, then choose 2, 3, 4 or 5):

         1.   The Employer matching contributions under 2, 3, 4 or 5 below shall
              be based on the Member's contributions (both pre-tax deferrals and
              after-tax contributions) not in excess of 6 % (1-20 but not in
              excess of the percentage specified in A.1. above) of the Member's
              Salary.

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

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

               Years of Employment                         Matching %
              --------------------                  ---------------------------

                Less than 3                                         50%
                At least 3, but less than 5                         75%
                5 or more                                          100%

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

                Years of Employment                        Matching %
               --------------------                  ------------------------

                Less than 3                                     100%
                At least 3, but less than 5                     150%
                5 or more                                       200%

                                       8

<PAGE>

        5.      The Employer shall allocate to each contributing Member's
          ----- Account an amount equal to     % on the first      ,% of the
                                           ----               ----
                Member's monthly contributions plus            % on the next
                                                    -----------
                     % of the Member's monthly contributions.
                -----

        6.       No Employer matching contributions will be made to the Plan.
           -----

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

        1.       The Employer shall make a safe harbor Basic Matching
          -----  Contribution to the Plan on behalf of each Member (ie.; 100%
                 of the Member's 401(k) Deferrals that do not exceed 3% percent
                 of the Member's Salary plus 50% of the Member's 401(k)
                 Deferrals that exceed 3% percent of the Member's Salary but
                 that do not exceed 5% of the Member's Plan Salary).

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

                 a)     Enhanced Matching Contributions (complete 1, 2 or 3
                   ---- below):

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

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

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

                                   NOTE: IN THE BLANK IN (I) AND THE SECOND
                                         BLANK IN (II), INSERT A NUMBER THAT IS
                                         3 OR GREATER BUT NOT GREATER THAN 6.
                                         THE FIRST AND LAST BLANKS IN (II) MUST
                                         BE COMPLETED SO THAT AT ANY RATE OF
                                         401(K) DEFERRALS, THE MATCHING
                                         CONTRIBUTION IS AT LEAST EQUAL TO THE
                                         MATCHING CONTRIBUTION RECEIVABLE IF THE
                                         EMPLOYER WERE MAKING BASIC MATCHING
                                         CONTRIBUTIONS, BUT THE RATE OF MATCH
                                         CANNOT INCREASE AS DEFERRALS INCREASE.
                                         FOR EXAMPLE, IF "4" IS INSERTED IN
                                         THE BLANK IN (I), (II) NEED NOT BE
                                         COMPLETED.

                                       9
<PAGE>

                        (2)       150% of the Member's contributions not to
                            ----- exceed       (Enter 3% or 4%) of the Member's
                                         -----
                                  Plan Salary; or

                        (3)       200% of the Member's contributions not to
                            ----- exceed       (Enter 2% or 3%) of the Member's
                                         ------ Plan Salary.

                 b)        Safe Harbor Nonelective Contributions:
                      -----

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

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

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

               a)       The Accounts of all Members
                  -----

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

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

  F. Employer Supplemental Contributions:

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

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

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

    Non-integrated Formula
    -----------------------

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

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

                                       10

<PAGE>

        Integrated Formula
        ------------------

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

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

  H. Allocation of Employer Profit Sharing Contributions:

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

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

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

            a)      is employed on the last day of the Contribution
              ----  Determination Period, or retired, died or became totally
                    and permanently disabled prior to the last day of the
                    Contribution Determination Period.

                                       11
<PAGE>

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

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

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

     1. The Plan Year.

     2.      The Employer's Fiscal Year (defined as the Plan's "limitation
       ----- year") being the twelve (12)consecutive month period commencing

             ------------ and ending  -----------------------------
            (month/day)                (month/day).

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

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

  J.   Employer Qualified Nonelective Contributions:

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

  K.   Top Heavy Contributions:

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

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

        2.        All Members.
           -----

                                       12
<PAGE>

VIII. INVESTMENTS

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

       1.   X   Money Market Fund
         -------

       2.   X   Stable Value Fund
         ------

       3.   X   Government Bond Fund
         ------

       4.   X   S&P 500 Stock Fund
          -----

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

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

       7.   X  S&P MidCap Stock Fund
          -----

       8.   X  Russell 2000 Stock Fund
          -----

       9.   X  International Stock Fund
          -----

      10.  X  Asset Allocation Funds (3)
         -----
                 X  Income Plus
               ----
                 X   Growth & Income
               ----
                 X   Growth
               -----

       11.       (Name of Employer) Stock Fund (the "EMPLOYER STOCK FUND")
            -----

       12.       (Name of Employer) ertificate of Deposit Fund
            -----

       13.        NASDAQ 100 Index Fund
            -----

       14.        Self-directed Brokerage Account
            -----

IX. EMPLOYER SECURITIES

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

                                       13
<PAGE>

              1.      Each Member shall be entitled to direct the Plan
                ----- Administrator as to the voting and tender or exchange
                      offer rights involving Employer Stock held in such
                      Member's Account, and the Plan Administrator shall follow
                      or cause the Trustee to follow such directions.  If a
                      Member fails to provide the Plan Administrator with
                      directions as to voting or tender or exchange offer
                      rights, the Plan Administrator shall exercise those rights
                      as it determinesi n its discretion and shall direct the
                      Trustee accordingly.

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

X. INVESTMENT DIRECTION

  A.  Members shall be entitled to designate what percentage of employee
      contributions and employer contributions made on their behalf will
      be invested in the various Investment Funds offered by the Employer
      as specified in Section VIII of this Adoption Agreement except;

      1.  The following portions of a Member's Account will be invested at the
          Employer's direction (choose whichever shall apply):

         a)        Employer Profit Sharing Contributions
            -----

                   Shall be invested in:

                         Employer Stock Fund.
                   -----

                         Employer Certificate of Deposit Fund.
                   -----

                         Any Investment Fund or Funds offered by the Employer.
                   -----

          b)  X   Employer Matching Contributions Shall be invested in:
            -----

                        Employer Stock Fund.
                 -----

                        Employer Certificate of Deposit Fund.
                 -----

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

          c)       Employer Basic Contributions Shall be invested in:
            -----

                         Employer Stock Fund.
                   -----

                         Employer Certificate of Deposit Fund.
                   -----

                         Any Investment Fund or Funds offered by the Employer.
                   -----
                                       14
<PAGE>

          d)     Employer Supplemental Contributions Shall be invested in:
            -----

                       Employer Stock Fund.
                  ----

                       Employer Certificate of Deposit Fund.
                  ----

                       Any Investment Fund or Funds offered by the Employer.
                  ----

           e)       Employee Qualified Nonelective Contributions
              -----

                    Shall be invested in:

                          Employer Stock Fund.
                     ----

                           Employer Certificate of Deposit Fund.
                     -----

                           Any Investment Fund or Funds offered by the Employer.
                     -----

           f)     Employer Safer Harbor CODA Contributions under Section 3.14
             ---- of the Plan

                    Shall be invested in:

                          Employer Stock Fund.
                     ----

                           Employer Certificate of Deposit Fund.
                     -----

                           Any Investment Fund or Funds offered by the Employer.
                     -----

      2.      Amounts invested at the Employer's direction may not be trans-
         ---- ferred by the Member to any other Investment Fund.

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

        a)           the attainment of age      (insert 45 or greater)
              ------                       ----

        b)    ------ the completion of       (insert 10 or greater)
                                       ----- Years of Employment

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

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

      1.    X   1 time per business day.
         ------

      2.        1 time per calendar month.
         ------
                                       15

<PAGE>

      3.        1 time per calendar quarter.
         ------

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

  D.  Effective as of           , the following additional provisions shall
      apply to the    ---------- Employer's Stock Fund (Check all that apply):

     1.       No additional Employee contributions may be made to the Employer
        ----- Stock Fund;

     2.       No additional Employer contributions may be made to the Employer
        ----- Stock Fund;

     3.       No investment fund transfers may be made to the Employer Stock
        ----- Fund; and/or

     4.       No investment fund transfers may be made from the Employer Stock
        ----- Fund.

XI. Vesting Schedules

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

<CAPTION>
                      Schedule              Years of Employment               Vested %
                      --------              -------------------              ---------
              <S>     <C>                  <C>                              <C>

               1.       X  Immediate         Upon Enrollment                     100%
                      ----
               2.          2-6 Year Graded   Less than 2                           0%
                      ----                   2 but less than 3                    20%
                                             3 but less than 4                    40%
                                             4 but less than 5                    60%
                                             5 but less than 6                    80%
                                             6 or more                           100%

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

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

</TABLE>

                                       16

<PAGE>
<TABLE>
<CAPTION>

                      Schedule                Years of Employment               Vested
                      --------                -------------------               ------
                <S>   <C>                     <C>                             <C>

                 5.        4-Year Graded     Less than 1                            0%
                   ------
                                             1 but less than 2                     25%
                                             2 but less than 3                     50%
                                             3 but less than 4                     75%
                                             4 or more                            100%

                 6.        3-7 Year Graded   Less than 3                            0%
                    ------
                                             3 but less than 4                      20%
                                             4 but less than 5                      40%
                                             5 but less than 6                      60%
                                             6 but less than 7                      80%
                                             7 or more                             100%

                 7.        Other             Less than                              0%
                    ------                              -------
                                                  but less than
                                             ----               ----                   %
                                                                                  -----
                                                  but less than                         %
                                             ----               ----              -----
                                                  but less than                       %
                                             ----               ----              -----
                                                  but less than                       %
                                             ----               ----              -----
                                                   or more                         100%

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

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

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

      3. Schedule      solely with respect to Employer basic contributions.
                  -----

      4. Schedule      solely with respect to Employer basic contributions.
                  -----

      5. Schedule      solely with respect to Employer basic contributions.
                  -----

      NOTE: NOTWITHSTANDING ANY ELECTION BY THE EMPLOYER TO THE CONTRARY, EACH
      MEMBER SHALL ACQUIRE A 100% VESTED INTEREST IN HIS ACCOUNT ATTRIBUTABLE TO
      ALL EMPLOYER CONTRIBUTIONS MADE TO THE PLAN UPON THE EARLIER OF (I
      ATTAINMENT OF NORMAL RETIREMENT AGE, (II) APPROVAL FOR DISABILITY OR (III)
      DEATH. IN ADDITION, A MEMBER SHALL AT ALL TIMES HAVE A 100% VESTED
      INTEREST IN; THE EMPLOYER QUALIFIED NON-ELECTIVE CONTRIBUTIONS, IF ANY;
      SAFE HARBOR CODA CONTRIBUTIONS, IF ANY; AND IN THE PRE-TAX ELECTIVE
      DEFERRALS AND NONDEDUCTIBLE AFTER-TAX MEMBER CONTRIBUTIONS. ALSO, IF A
      PLAN IS DETERMINED TO BE TOP HEAVY, A DIFFERENT VESTING SCHEDULE, OTHER
      THAN THE SCHEDULE ELECTED ABOVE, MAY APPLY.

                                       17

<PAGE>

  C.   Years of Employment Excluded for Vesting Purposes

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

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

       2.        Years of Employment of a member prior to attaining age
           ----- 18.

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

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

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

               a)       The actual number of Hours of Employment.
                  -----
               b)       190 Hours of Employment for each
                  ----- month in which the Employee completes at least one Hour
                        of Employment.

        3.  X    Elapsed time method.
          -----

XII. WITHDRAWAL PROVISIONS

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

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

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

                a)         Hardship.
                    -----

                b)         Attainment of age 59(1)/2.
                    -----

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

      NOTE:   IN-SERVICE WITHDRAWALS OF ALL EMPLOYEE PRE-TAX ELECTIVE DEFERRALS
              ANDEARNINGS THEREON AS OF DECEMBER 31, 1988 ARE PERMITTED ONLY IN
              THE EVENT OF HARDSHIP OR ATTAINMENT OF AGE 59(1)/2. IN-SERVICE
              WITHDRAWALS OF EARNINGS AFTER DECEMBER 31, 1988 ARE PERMITTED
              ONLY IN THE EVENT OF ATTAINMENT OF AGE 59 1/2.

                                       18
<PAGE>

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

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

                  a)     Hardship.
                    -----

                  b)     Attainment of age 59 1/2.
                    -----

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

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

                  b)     Attainment of age 59 1/2.
                    -----

           5.        Employer basic contributions and the earnings thereon.
              ------
                     In-service withdrawals permitted only in the event of
                     (choose whichever shall apply):
                  a)     Hardship.
                    -----

                  b)     Attainment of age 59 1/2.
                    -----

            6.     Employer supplemental contributions and the earnings thereon.
              -----

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

                  a)     Hardship.
                    -----

                  b)     Attainment of age 59 1/2.
                    -----

           7.       Employer profit sharing contributions and the earnings
              ----- thereon.

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

                  a)     Hardship.
                    -----

                  b)     Attainment of age 59 1/2.
                    -----

           8.       Employer qualified nonelective contributions and earnings
              ----- thereon.

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

         NOTE:   IN-SERVICE WITHDRAWALS OF ALL EMPLOYER QUALIFIED NONELECTIVE
                 CONTRIBUTIONS AND EARNINGS THEREON ARE PERMITTED ONLY IN
                 THE EVENT OF ATTAINMENT OF AGE 59 1/2.

           9.       Employer safe harbor CODA contributions and earnings
              ----- thereon.

              NOTE:   IN-SERVICE WITHDRAWALS OF EMPLOYER SAFE HARBOR CODA
                      CONTRIBUTIONS AND EARNINGS THEREON ARE PERMITTED ONLY IN
                      THE EVENT OF ATTAINMENT OF AGE 59 1/2.

                                       19

<PAGE>

10. ______No in-service withdrawals shall be allowed.

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

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

             2.      Employer contributions, and the earnings thereon, credited
               ----- to the Employer Certificate of Deposit Fund.
             3.      All contributions and deferrals, and the earnings
               ----- thereon, credited to the Employer Stock Fund.
             4.      All contributions and deferrals, and the earnings thereon,
               ----- credited to the Employer Certificate of Deposit Fund.
             5.       Other:
               -----          ------------------------------------------------

            NOTE: A MEMBER'S ACCOUNT WILL BE AVAILABLE FOR IN-SERVICE WITH-
                  DRAWALS UPON ATTAINING AGE 70-1/2 NOTWITHSTANDING ANY
                  PROVISIONS OF THIS SECTION XII TO THE CONTRARY.

XIII. DISTRIBUTION OPTION (CHOOSE WHICHEVER SHALL APPLY)

        1.       Lump Sum and partial lump sum payments only.
           -----
        2.   X   Lump Sum and partial lump sum payments plus one or more of the
           ----- following (Choose (a) or/ (b)):

                 a)   X   Installment payments.
                    ------
                 b)       Annuity payments.
                    -------
        3.       Distributions in kind of Employer Stock.
          ------

XIV. LOAN PROGRAM (CHOOSE 1,2,3, OR 4, IF APPLICABLE)

         1.       No loans will be permitted from the Plan.
            -----
         2.   X   Loans will be permitted from the Member's Account.
            -----
         3.       Loans will be permitted from the Member's account, excluding
            ----- (choose whichever shall apply):

            1)      Employer Profit sharing contributions and the earnings
              ----- thereon.
            2)      Employer matching contributions and the earnings thereon.
              -----

                                       20

<PAGE>

            3)       Employer basic contributions and the earnings thereon.
               -----
            4)       Employer supplemental contributions and the earnings
               ----- thereon.
            5)       Employee after tax-contributions and the earnings thereon.
               -----
            6)       Employee pre-tax elective deferrals and the earnings
               ----- thereon.
            7)       Employee rollover contributions and the earnings
               ----- thereon.
            8)       Employer qualified nonelective contributions and the
               ----- earnings thereon.
            9)       Employer safe harbor CODA contributions and the earnings
               ----- thereon.
           10)       Any amounts to the extent invested in the Employer Stock
               ----- Fund.
           11)       Any amounts to the extent invested in the Employer Certi-
               ----- ficate of Deposit Fund.

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

XV. ADDITIONAL INFORMATION

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

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

     Signature of Employee's Authorized Representative
                                                       -----------------------

     Signature of Trustee
                          -------------------------------------------------

     Supplementary Page       of [total number of pages].
                        ------

XVI. PLAN ADMINISTRATOR

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

     NOTE: PENTEGRA SERVICES, INC. MAY NOT BE APPOINTED PLAN ADMINISTRATOR.

    1.   X    Employer
       ------
    2.        Employer's Board of Directors
       ------
    3.       Plan's Administrative Committee
       ------
                                       21

<PAGE>

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

              Name:
                    -----------------------------------------------------------
            Address:
                    -----------------------------------------------------------
             Tel No:
                    -----------------------------------------------------------
             Contact:
                    -----------------------------------------------------------

        NOTE: IF NO NAMED PLAN ADMINISTRATOR IS DESIGNATED ABOVE, THE EMPLOYER
        SHALL BE DEEMED THE NAMED PLAN ADMINISTRATOR.

XVII. TRUSTEE

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

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

    Name:
          -----------------------------------------------------------------

    Address:
              --------------------------------------------------------------

    Telephone Number:                  Contact:
                      ---------------           ------------------------------

                                     ------------------------------------------
                                     Signature of Trustee
                                     (REQUIRED ONLY IF THE EMPLOYER IS SERVING
                                     AS ITS OWN TRUSTEE)

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

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

                                       22

<PAGE>

                         EXECUTION OF ADOPTION AGREEMENT

By execution of this Adoption Agreement by a duly authorized representative of
the Employer, the Employer acknowledges that it has established or, as the case
may be, amended a tax-qualified retirement plan into the [NAME OF EMPLOYER]
Employees' Savings & Profit Sharing Plan and Trust (the "Plan"). The Employer
hereby represents and agrees that it will assume full fiduciary responsibility
for the operation of the Plan and for complying with all duties and requirements
imposed under applicable law, including, but not limited to, the Employee
Retirement Income Security Act of 1974, as amended, and the Internal Revenue
Code of 1986, as amended. In addition, the Employer represents and agrees that
it will accept full responsibility for complying with any applicable
requirements of federal or state securities law as such laws may apply to the
Plan and to any investments thereunder.

The adopting Employer may rely on an opinion letter issued by the IRS as
evidence that the Plan is qualified under Section 401 of the Code only to the
extent provided in IRS 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
issued with respect to the plan and in IRS Announcement 2001-77. In order to
have reliance in such circumstances or with respect to such qualification
requirements, application for a determination letter must be made to Employee
Plans Determinations of the IRS.

THE FAILURE TO PROPERLY COMPLETE THE ADOPTION AGREEMENT MAY RESULT IN
DISQUALIFICATION OF THE PLAN AND TRUST EVIDENCED THEREBY.

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

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

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

IN WITNESS WHEREOF, the Employer has caused this Adoption Agreement to be
executed by its duly authorized officer this 31st day of August, 2002.

                                     ENFIELD FEDERAL SAVINGS & LOAN ASSOCIATION

                                     By:   /s/ Cynthia G. Gray
                                           ------------------------------------
                                     Name: Cynthia G. Gray
                                           ------------------------------------
                                     Title:  Secretary- HR Officer
                                           ------------------------------------

                                       23

<PAGE>

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

                                       A19

Effective as of January 1, 2004, the Enfield Federal Savings & Loan Association
(the "Employer") hereby amends the Adoption Agreement for the Enfield Federal
Savings & Loan Association Employees' Savings & Profit Sharing Plan and Trust
(the "Adoption Agreement") by replacing Item VI of the Adoption Agreement in its
entirety with the following Item VI:

VI.  Prior Employment Credit

     A. Prior Employment Credit:

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

                 Windsor Locks Community Bank FSL
                 --------------------------------------------------------------

                 NOTE: IF THIS PLAN IS A CONTINUATION OF A PREDECESSOR PLAN,
                 SERVICE UNDER THE PREDECESSOR PLAN SHALL BE COUNTED UNDER
                 THIS PLAN.

                EXECUTION OF AMENDMENT TO THE ADOPTION AGREEMENT
                ------------------------------------------------

Upon execution by the Employer of this Amendment to the Adoption Agreement (the
"Amendment"), the Adoption Agreement and the Amendment, together with the
Sponsor's Employees' Savings & Profit Sharing Plan and Trust, shall constitute
the Enfield Federal Savings & Loan Association Employees' Savings & Profit
Sharing Plan and Trust.

IN WITNESS WHEREOF, the Employer has caused this Amendment to the Adoption
Agreement to be executed by its duly authorized officer this 8th day of
December, 2003.

                                      ENFIELD FEDERAL SAVINGS & LOAN ASSOCIATION

                                      By: /s/ David J. O'Connor
                                          -------------------------------------
                                      Name: David J. O'Connor
                                            -----------------------------------
                                      Title: President
                                            -----------------------------------

<PAGE>

                       Amendment to the Adoption Agreement
                                       For
                   ENFIELD FEDERAL SAVINGS & LOAN ASSOCIATION
               EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
                                       A19

Effective July 1, 2002, the Adoption Agreement for the Enfield Federal Savings &
Loan Association Employees' Savings & Profit Sharing Plan and Trust is amended
as follows:

VIII. Investments

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

     1.  X   Money Market Fund
        -----
     2.  X   Stable Value Fund
        -----
     3.  X    Government Bond Fund
        -----
     4.  X    S&P 500 Stock Fund
        -----
     5.  X    S&P 500/Value Stock Fund
        -----
     6.  X    S&P 500/Growth Stock Fund
        -----
     7.  X   S&P MidCap Stock Fund
        ------
     8.  X    Russell 2000 Stock Fund
        -----
     9.  X    International Stock Fund
       ------
    10.  X    Asset Allocation Funds (3)
       ------
         X    Income Plus
       ------
         X    Growth & Income
       ------
         X    Growth
       ------
    11.  X    New England Bancshares, Inc. Stock Fund (the "Employer Stock
       ------ Fund")

 <PAGE>

     12.      Name of Employer Certificate of Deposit Fund
        -----
     13.  X   NASDAQ 100 Index Fund
        -----
     14.      Self-directed Brokerage Account
        -----

IX.       EMPLOYER SECURITIES

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

               1.    X   Each Member shall be entitled to direct the Plan
                 ------- Administrator as to the voting and tender or exchange
                         offer rights involving Employer Stock held in such
                         Member's Account, and the Plan Administrator shall
                         follow or cause the Trustee to follow such directions.
                         If a Member fails to provide the Plan Administrator
                         with directions as to voting or tender or exchange
                         offer rights, the Plan Administrator shall exercise
                         those rights as it determines in its discretion and
                         shall direct the Trustee accordingly.

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

               EXECUTION OF AMENDMENT TO THE ADOPTION AGREEMENT
               ------------------------------------------------

Upon execution by the Employer of this Amendment, the Adoption Agreement, as
amended, together with the Sponsor's Employees' Savings & Profit Sharing Plan
and Trust Agreement (the "Agreement"), shall constitute the Enfield Federal
Savings & Loan Association Employees' Savings & Profit Sharing Plan and Trust.

IN WITNESS WHEREOF, the Employer has caused this Amendment to the Adoption
Agreement to be executed by its duly authorized officer this 15th day of
November, 2002.

                                    ENFIELD FEDERAL SAVINGS & LOAN ASSOCIATION

                                    By: /s/ Cynthia G. Gray
                                        -----------------------------------
                                  Name:     Cynthia G. Gray
                                        -----------------------------------
                                 Title:  Secretary HR- Officer
                                        -----------------------------------

                                       2

<PAGE>

                         ADDENDUM TO ADOPTION AGREEMENT
                                       FOR
          THE ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001
                                   ("EGTRRA")

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

Employer Number:  A19
                  ---------

         In accordance with EGTRRA and Amendment Number One to the Pentegra
Services, Inc. Employees' Savings & Profit Sharing Plan Basic Plan Document,
effective for plan years beginning on or after January 1, 2002, the Adoption
Agreement for Enfield Federal Savings & Loan Association Employees' Savings &
              ----------------------------------------------------------------
Profit Sharing Plan and Trust shall include the following Sectiond VII L. and
XIE.:

SECTION VII. CONTRIBUTIONS

         L. Catch-up Contributions

                     X   A Member who meets the requirements to make catch-up
                  ------ contributions under Section 414(v) of the Code shall
                         be eligible to make catch-up contributions under the
                         Plan.

SECTION XI. VESTING SCHEDULES

         E. EGTRRA Vesting

1.   The Employer understands that if the vesting schedule elected in Section
     XI of the Adoption Agreement does not satisfy the requirements of the
     Internal Revenue Code, as amended by EGTRRA with respect to Employer
     matching contributions (including supplemental (Formula 1) contributions),
     then effective January 1, 2002, such contributions shall vest under
     vesting schedule      (Insert the number of the vesting schedule
                     -----
     you wish to elect as provided in Section XI A. of the Adoption Agreement.
     NOTE: YOU MAY NOT ELECT VESTING SCHEDULE 3 OR VESTING SCHEDULE 6 UNDER
     THIS SCHEDULE XI E.)

2.   By checking this box /__/, the Employer provides that the EGTRRA Vesting
     schedule elected above with respect to Employer matching contributions
     (including supplemental (Formula 1) contributions) shall be applied on a
     prospective basis only.

<PAGE>

     By execution of this Addendum to the Adoption Agreement by a duly
authorized representative of the Employer, such Addendum shall hereby be made
a part of the Employer's Adoption Agreement and is thus incorporated and made a
part of the Plan.

    IN WITNESS WHEREOF, the Employer has caused this Addendum to the Adoption
Agreement to be executed by its duly authorized officer this 8th day of
December, 2003.

                                     ENFIELD FEDERAL SAVINGS & LOAN ASSOCIATION

                                    By: /s/ David J. O'Connor
                                        --------------------------------------
                                  Name: David J. O'Connor
                                        --------------------------------------
                                 Title: President
                                        --------------------------------------

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