Document:

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                                                                   EXHIBIT 4.b.i

        Resolutions of the Pricing Committee of the Board of Directors of
                                MASCO CORPORATION
                Approving the Creation of a Series of Securities
                                  March 2, 2004

                  WHEREAS, Masco Corporation, a Delaware corporation (the
         "Company") desires to create a particular series of securities under
         the indenture dated as of February 12, 2001 (the "Indenture"), with
         J.P. Morgan Trust Company, National Association (as successor in
         interest to Bank One Trust Company, National Association), as trustee
         (the "Trustee"), providing for the issuance from time to time of
         unsecured debentures, notes or other evidences of indebtedness of this
         Company ("Securities") in one or more series under such Indenture;

                  WHEREAS, the Company proposes to sell the Securities of such
         series, which will not be registered under the Securities Act of 1933,
         as amended (the "Securities Act"), to Merrill, Lynch, Pierce, Fenner &
         Smith Incorporated (the "Initial Purchaser"), which will offer and sell
         the Securities to qualified institutional buyers in compliance with the
         exemption from registration provided by Rule 144A under the Securities
         Act; and

                  WHEREAS, capitalized terms used in these resolutions and not
         otherwise defined are used with the same meaning ascribed to such terms
         in the Indenture;

                  THEREFORE, BE IT RESOLVED, that there is established a series
         of Securities under the Indenture the terms of which shall be as
         follows:

                           1. The Securities of such series shall be designated
                  as the "Floating Rate Notes Due 2007."

                           2. The aggregate principal amount of Securities of
                  such series which may be authenticated and delivered under the
                  Indenture is limited to Three Hundred Million Dollars
                  ($300,000,000), except for Securities of such series
                  authenticated and delivered upon registration of, transfer of,
                  or in exchange for, or in lieu of, other Securities of such
                  series pursuant to Sections 3.04, 3.05, 3.06, 9.06 or 11.07 of
                  the Indenture.

                           3. The Securities of such series shall be
                  substantially in the form of Exhibit A hereto with such
                  changes and insertions therein as are appropriate to conform
                  such Securities to the terms set forth herein or otherwise as
                  the officers executing such Securities shall approve and as
                  are not inconsistent with these resolutions, such approval to
                  be conclusively evidenced by such officer's execution and
                  delivery of such Securities.

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                           4. The Securities shall be sold to the Initial
                  Purchaser at a purchase price of 99.70% of the principal
                  amount thereof plus accrued interest, if any, to the date on
                  which the securities are issued, such that the Company shall
                  receive at least Two Hundred Ninety-Nine Million One Hundred
                  Thousand Dollars ($299,100,000).

                  FURTHER RESOLVED, that the Securities of such series are
         declared to be issued under the Indenture and subject to the provisions
         hereof;

                  FURTHER RESOLVED, that the Chairman of the Board, the
         President or any Vice President of the Company is authorized to
         execute, on the Company's behalf and in its name, and the Secretary or
         any Assistant Secretary of the Company is authorized to attest to such
         execution and under the Company's seal (which may be in the form of a
         facsimile of the Company's seal), $300,000,000 aggregate principal
         amount of the Securities of such series (and in addition Securities to
         replace lost, stolen, mutilated or destroyed Securities and Securities
         required for exchange, substitution or transfer, all as provided in the
         Indenture) and to deliver such Securities to the Trustee for
         authentication, and the Trustee is authorized and directed thereupon to
         authenticate and deliver the same to or upon the written order of this
         Company as provided in the Indenture;

                  FURTHER RESOLVED, that the signatures of the Company officers
         so authorized to execute the Securities of such series may be the
         manual or facsimile signatures of the present or any future authorized
         officers and may be imprinted or otherwise reproduced thereon, and the
         Company for such purpose adopts each facsimile signature as binding
         upon it notwithstanding the fact that at the time the respective
         Securities shall be authenticated and delivered or disposed of, the
         individual so signing shall have ceased to hold such office;

                  FURTHER RESOLVED, that the Securities shall be sold to Merrill
         Lynch, Pierce, Fenner & Smith Incorporated as the Initial Purchaser of
         the Securities of such series, to be sold to qualified institutional
         buyers as that term is described in Rule 144A of the Securities Act;
         and the Chairman of the Board, the President or any Vice President of
         the Company is authorized, in the Company's name and on its behalf, to
         execute and deliver a Purchase Agreement, substantially in the form
         attached as Exhibit B, with such Initial Purchaser, with such changes
         and insertions therein as are appropriate to conform such Purchase
         Agreement to the terms set forth herein or otherwise as the officer
         executing such Purchase Agreement shall approve and as are not
         inconsistent with these resolutions, such approval to be conclusively
         evidenced by such officer's execution and delivery of the Purchase
         Agreement;

                  FURTHER RESOLVED, that J.P. Morgan Trust Company, National
         Association, the Trustee under the Indenture, is appointed trustee for
         Securities of such series, and as Agent of this Company for the purpose
         of effecting the registration, transfer and exchange of the Securities
         of such series as provided in the Indenture, and the corporate trust
         office of J.P. Morgan Trust Company,
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         National Association, in Chicago, Illinois is designated pursuant to
         the Indenture as the office or agency of the Company where such
         Securities may be presented for registration, transfer and exchange and
         where notices and demands to or upon this Company in respect of the
         Securities and the Indenture may be served;

                  FURTHER RESOLVED, that J.P. Morgan Trust Company, National
         Association, is appointed Paying Agent of this Company for the payment
         of interest on and principal of the Securities of such series and
         Calculation Agent for the purpose of calculating the applicable
         interest rate or rates of the Securities of such series in accordance
         with the terms of the Securities and the Indenture, and the corporate
         trust office of J.P. Morgan Trust Company, National Association, is
         designated, pursuant to the Indenture, as the office or agency of the
         Company where Securities may be presented for payment; and

                  FURTHER RESOLVED, that each of the Company's officers is
         authorized and directed, on behalf of the Company and in its name, to
         do or cause to be done everything such officer deems advisable to
         effect the sale and delivery of the Securities of such series pursuant
         to the Purchase Agreement and otherwise to carry out the Company's
         obligations under the Purchase Agreement, and to do or cause to be done
         everything and to execute and deliver all documents as such officer
         deems advisable in connection with the execution and delivery of the
         Purchase Agreement and the execution, authentication and delivery of
         such Securities (including, without limiting the generality of the
         foregoing, delivery to the Trustee of the Securities for authentication
         and of requests or orders for the authentication and delivery of
         Securities).

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                             FACE OF GLOBAL SECURITY

         UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, 55 WATER STREET, NEW YORK, NEW YORK (THE
"DEPOSITARY"), TO MASCO CORPORATION OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

         THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE OFFERED OR SOLD IN VIOLATION
OF SUCH ACT. THE HOLDER (AND EACH BENEFICIAL OWNER) HEREOF, BY ITS ACCEPTANCE
HEREOF (OR ACQUISITION OF A BENEFICIAL INTEREST HEREIN), REPRESENTS THAT IT IS
ACQUIRING THIS SECURITY FOR INVESTMENT AND NOT WITH A VIEW TO ANY SALE OR
DISTRIBUTION HEREOF. THIS SECURITY (OR ANY BENEFICIAL INTEREST HEREIN) MAY BE
TRANSFERRED ONLY PURSUANT TO ONE OF THE FOLLOWING METHODS: (1) TO MASCO
CORPORATION OR THE INITIAL PURCHASER, (2) SO LONG AS THIS SECURITY IS ELIGIBLE
FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT ("RULE 144A"), TO A
QUALIFIED INSTITUTIONAL BUYER, AS DEFINED IN RULE 144A, THAT IS PURCHASING FOR
ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM
NOTICE IS GIVEN THAT THE RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN
RELIANCE ON RULE 144A, (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OR (4) PURSUANT TO ANOTHER EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT, IF AVAILABLE, IN EACH CASE IN ACCORDANCE
WITH ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES OR ANY
OTHER APPLICABLE JURISDICTION. THIS SECURITY AND RELATED DOCUMENTATION MAY BE
AMENDED OR SUPPLEMENTED FROM TIME TO TIME TO MODIFY THE RESTRICTIONS ON AND
PROCEDURES FOR RESALES AND OTHER TRANSFERS OF THIS SECURITY TO REFLECT ANY
CHANGE IN APPLICABLE LAW OR REGULATION (OR THE INTERPRETATION THEREOF) OR IN
PRACTICES RELATING TO THE RESALE OR TRANSFER OF RESTRICTED SECURITIES GENERALLY.
THE HOLDER (AND EACH BENEFICIAL OWNER) OF THIS SECURITY

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SHALL BE DEEMED, BY THE ACCEPTANCE OF THIS SECURITY (OR ACQUISITION OF A
BENEFICIAL INTEREST HEREIN), TO HAVE AGREED TO ANY SUCH AMENDMENT OR SUPPLEMENT.
ALTHOUGH THE INITIAL PURCHASER MAY REPURCHASE SECURITIES, IT IS NOT OBLIGATED TO
DO SO.

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                                MASCO CORPORATION

                          Floating Rate Notes Due 2007

                                                                    $300,000,000

                                                             CUSIP No. 574599BA3

         Masco Corporation, a corporation duly organized and existing under the
laws of Delaware (herein called the "COMPANY," which term includes any successor
corporation under the Indenture hereinafter referred to), for value received,
hereby promises to pay to CEDE & CO. or registered assigns, the principal sum of
Three Hundred Million Dollars on March 9, 2007 (the "MATURITY DATE"), and to pay
a floating interest rate, subject to adjustment as provided herein, quarterly in
arrears on March 9, June 9, September 9 and December 9 (each an "INTEREST
PAYMENT DATE"), and on the Maturity Date. If any of the Interest Payment Dates
listed above falls on a day that is not a LIBOR Business Day, as defined herein,
the Company will postpone the Interest Payment Date to the next succeeding LIBOR
Business Day unless that LIBOR Business Day is in the next succeeding calendar
month, in which case the Interest Payment Date will be the immediately preceding
LIBOR Business Day. Interest on the Securities will be computed on the basis of
a 360 day year for the actual number of days elapsed. Payment of the principal
of and interest on this Security will be made at the office or agency of the
Company maintained for that purpose, in such coin or currency of the United
States of America as at the time of payment shall be legal tender for the
payment of public and private debts. At the option of the Company, interest may
be paid by check to the registered holder hereof entitled thereto at his last
address as it appears on the registry books, and principal may be paid by check
to the registered holder or other person entitled thereto against surrender of
this Security.

         Interest on the Securities will accrue from, and including March 9,
2004, to, and excluding, the first Interest Payment Date and then from, and
including, the immediately preceding Interest Payment Date to which interest has
been paid or duly provided for to, but excluding, the next Interest Payment Date
or the Maturity Date, as the case may be. Each of these periods is referred to
herein as an "INTEREST PERIOD." The amount of accrued interest that the Company
will pay for any Interest Period will be calculated by multiplying the face
amount of the Security by the accrued interest factor. The accrued interest
factor is computed by adding the interest factor calculated for each day from
March 9, 2004, or from the last date the Company paid interest, to the date for
which accrued interest is calculated. The interest factor for each day will be
computed by dividing the interest rate applicable to that day by 360.

         If the Maturity Date of the Securities falls on a day that is not a
LIBOR Business Day, the Company will pay principal and interest on the next
succeeding LIBOR Business Day, and that payment will be deemed as made on the
date that

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the payment was due. No interest will accrue on the payment for the period from
and after the Maturity Date to the date the Company makes the payment on the
next succeeding LIBOR Business Day.

         The interest payable by the Company on a Security on any Interest
Payment Date, subject to certain exceptions, will be paid to the person in whose
name the Security is registered at the close of business on the fifteenth
calendar day, whether or not a LIBOR Business Day, immediately preceding the
Interest Payment Date (the "REGULAR RECORD DATE"). Interest that the Company
pays on the Maturity Date, will be payable to the person to whom the principal
will be payable.

         "LIBOR BUSINESS DAY" means any day except a Saturday, a Sunday or a
legal holiday in The City of New York on which banking institutions are
authorized or required by law, regulation or executive order to close; provided
that the day is also a London Business Day. "LONDON BUSINESS DAY" means any day
on which dealings in United States dollars are transacted in the London
interbank market.

     The interest rate on the Securities will be calculated by the calculation
agent appointed by the Company and will be equal to LIBOR plus .25%. The
calculation agent will reset the interest rate on each Interest Payment Date,
and on March 9, 2004, each of which is referred to herein as an interest reset
date ("INTEREST RESET DATE"). The second London Business Day preceding an
Interest Reset Date will be the interest determination date ("INTEREST
DETERMINATION DATE") for that Interest Reset Date. The interest rate in effect
on each day that is not an Interest Reset Date will be the interest rate
determined as of the Interest Determination Date pertaining to the immediately
preceding Interest Reset Date. The interest rate in effect on any day that is an
Interest Reset Date will be the interest rate determined as of the Interest
Determination Date pertaining to that Interest Reset Date.

     "LIBOR" will be determined by the calculation agent in accordance with the
following provisions:

     (a) With respect to any Interest Determination Date, LIBOR will be the rate
     for deposits in the United States dollars having a maturity of three months
     commencing on the first day of the applicable interest period that appears
     on the Telerate Page 3750 as of 11:00 A.M., London time, on the Interest
     Determination Date. If no rate appears, LIBOR, in respect to that Interest
     Determination Date, will be determined in accordance with the provisions
     described in (b) below.

     (b) With respect to an Interest Determination Date on which no rate appears
     on Telerate Page 3750, as specified in (a) above, the calculation agent
     will request the principal London offices of each of four major reference
     banks in the London interbank market, as selected by the calculation agent,
     to provide the calculation agent with its offered quotation for deposits in
     United States

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     dollars for the period of three months, commencing on the first day of the
     applicable interest period, to prime banks in the London interbank market
     at approximately 11:00 A.M., London time, on that Interest Determination
     Date and in a principal amount that is representative for a single
     transaction in United States dollars in that market at that time. If at
     least two quotations are provided, then LIBOR on the Interest Determination
     Date will be the arithmetic mean of those quotations. If fewer than two
     quotations are provided, then LIBOR on the Interest Determination Date will
     be the arithmetic mean of the rates quoted at approximately 11:00 A.M., in
     The City of New York, on the Interest Determination Date by three major
     banks in The City of New York selected by the calculation agent for loans
     in United States dollars to leading European banks, having a three-month
     maturity and in a principal amount that is representative for a single
     transaction in United States dollars in that market at that time; provided,
     however, that if the banks selected by the calculation agent are not
     providing quotations in the manner described by this sentence, LIBOR
     determined as of that Interest Determination Date will be LIBOR in effect
     on that Interest Determination Date.

     "TELERATE PAGE 3750" means the display designated as "Page 3750" on
Moneyline Telerate, or any successor service, for the purpose of displaying the
London interbank rates of major banks for United States dollars.

         Any such interest not so punctually paid or duly provided for will
forthwith cease to be payable to the Holder on such Regular Record Date and may
either be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of Securities of this series
not less than 10 days prior to such Special Record Date, or be paid at any time
in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Securities of this series may be listed, and
upon such notice as may be required by such exchange, all as more fully provided
in said Indenture.

         The Securities will constitute part of our senior debt and will rank on
a parity with all of our other unsecured and unsubordinated debt.

         Reference is hereby made to the further provisions of this Security set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.

         Unless the certificate of authentication hereon has been executed by
the Trustee referred to on the reverse hereof by manual signature, this Security
shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.

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         IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

Dated: March 9, 2004

                                         MASCO CORPORATION

                                         By:
                                             -----------------------------
                                             Timothy Wadhams

Attest:
        ---------------------------
        Eugene A. Gargaro, Jr.

                 FORM OF TRUSTEE'S CERTIFICATE OF AUTHENTICATION

         This is one of the Securities of the series designated therein referred
to in the within-mentioned Indenture.

Date of Authentication: March 9, 2004

                               J.P. Morgan Trust Company, National Association,
                                 as Trustee

                               By:
                                  ---------------------------------------------
                                  Authorized Officer

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                               REVERSE OF SECURITY

         This Security is one of a duly authorized issue of securities of the
Company (herein called the "SECURITIES"), issued and to be issued in one or more
series under an Indenture, dated as of February 12, 2001 (herein called the
"INDENTURE"), between the Company and J.P. Morgan Trust Company, National
Association (as successor in interest to Bank One Trust Company, National
Association), as Trustee (herein called the "TRUSTEE," which term includes any
successor trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company,
the Trustee and the Holders of the Securities and of the terms upon which the
Securities are, and are to be, authenticated and delivered.

         This Security will be subject to defeasance and discharge and to
defeasance of certain obligations as set forth in the Indenture.

         The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series to be
affected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of a majority in principal amount of the Securities at
the time Outstanding of each series to be affected. The Indenture also contains
provisions permitting the Holders of specified percentages in principal amount
of the Securities of each series at the time Outstanding, on behalf of the
Holders of all Securities of such series, to waive compliance by the Company
with certain provisions of the Indenture and certain past defaults under the
Indenture and their consequences. Any such consent or waiver by the Holder of
this Security shall be conclusive and binding upon such Holder and upon all
future Holders of this Security and of any Security issued upon the registration
of transfer hereof or in exchange herefor or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Security.

         As provided in and subject to the provisions of the Indenture, the
Holder of this Security shall not have the right to institute any proceeding
with respect to the Indenture or for the appointment of a receiver or trustee or
for any other remedy thereunder, unless such Holder shall have previously given
the Trustee written notice of a continuing Event of Default with respect to the
Securities of this series, the Holders of not less than 25% in principal amount
of the Securities of this series at the time Outstanding shall have made written
request to the Trustee to institute proceedings in respect of such Event of
Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee
shall not have received from the Holders of a majority in principal amount of
Securities of this series at the time Outstanding a direction inconsistent with
such request, and shall have failed to institute any such proceeding, for 60
days after receipt of such notice, request and offer of indemnity. The foregoing
shall not apply to any suit instituted by the Holder of this Security for the
enforcement of any payment of

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principal hereof or any premium or interest hereon on or after the respective
due dates expressed herein.

         No reference herein to the Indenture and no provision of this Security
or of the Indenture shall alter or impair the obligation of the Company, which
is absolute and unconditional, to pay the principal of (and premium, if any) and
interest on this Security herein provided, and at the times, place and rate, and
in the coin or currency, herein prescribed.

         As provided in the Indenture and subject to certain limitations set
forth therein and on the face of this Security, the transfer of this Security is
registrable in the Security Register, upon surrender of this Security for
registration of transfer at the office or agency of the Company in any place
where the principal of (and premium, if any) and interest on this Security are
payable, duly endorsed by, or accompanied by a written instrument of transfer in
form satisfactory to the Company and the Security Registrar duly executed by,
the Holder hereof or his attorney duly authorized in writing, and thereupon one
or more new Securities of this series, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or
transferees.

         The Securities of this series are issuable only in registered form
without coupons in denominations of $1,000 and any integral multiple thereof. As
provided in the Indenture and subject to certain limitations therein set forth,
Securities of this series are exchangeable for a like aggregate principal amount
of Securities of this series of a different authorized denomination, as
requested by the Holder surrendering the same.

         No service charge shall be made for any such registration of transfer
or exchange, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith.

         Prior to due presentment of this Security for registration of transfer,
the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name this Security is registered as the owner hereof for all
purposes, whether or not this Security be overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary.

         All terms used in this Security which are defined in the Indenture
shall have the meanings assigned to them in the Indenture.

                                       8<PAGE>
                                                                    Exhibit 10.g

The forms of the Masco Corporation Supplemental Executive Retirement and
Disability Plan for named executive officers are filed herewith. The specific
terms of individual arrangements for other executive officers vary, but none are
more favorable to an executive than those filed herewith.

<PAGE>

                                                  Form for: Richard A. Manoogian
                                                                 John R. Leekley
                                                              Robert B. Rosowski

                                                                 October 2, 2000

Dear          :

     Our company's Board of Directors has adopted a plan whereby supplemental
retirement and other benefits, in addition to those provided under the Company's
pension and other benefit plans, will be made available to those Company and
subsidiary executives as may be designated from time to time by the company's
Chief Executive Officer. The plan providing such benefits, as originally made
available to designated executives in 1987 and as subsequently amended from time
to time heretofore or in the future, is referred to in this letter as the
"Plan". You are currently a participant in the Plan upon the terms of a letter
agreement signed by you and dated ________, ________. This Agreement amends and
replaces in its entirety your previously signed letter agreement and describes
in full your benefits pursuant to the Plan and all of the Company's obligations
to you, and yours to the Company. These benefits as described below are
contractual obligations of the Company.

     For the purposes of this Agreement, words and terms are defined as follows:

          a. "Average Compensation" shall mean the aggregate of your highest
     three years' total annual cash compensation paid to you by the Company,
     consisting of (i) base salaries and (ii) regular year-end cash bonuses paid
     with respect to the years in which such salaries are paid, divided by
     three, provided, however, (x) if you have on the date of determination less
     than three full years of employment the foregoing calculation shall be
     based on the average base salaries and regular year-end cash bonuses paid
     to you while so employed, and (y) if the determination of Average

<PAGE>

                                     Page 2                      October 2, 2000

     Compensation includes any year in which you volunteered to reduce your
     salary or, as part of a program generally applicable to participants in the
     Plan, you did not receive an increase in salary compared with the
     immediately preceding year, the Committee referred to in paragraph 11 shall
     make a good faith determination of what your Average Compensation would
     have been absent such salary reduction and absent such generally applicable
     program.

          b. A "Change in Control" shall be deemed to have occurred if, during
     any period of twenty-four consecutive calendar months, the individuals who
     at the beginning of such period constitute the Company's Board of
     Directors, and any new directors (other than Excluded Directors) whose
     election by such Board or nomination for election by stockholders was
     approved by a vote of at least two-thirds of the members of such Board who
     were either directors on such Board at the beginning of the period or whose
     election or nomination for election as directors was previously so
     approved, for any reason cease to constitute at least a majority of the
     members thereof. Excluded Directors are directors whose election by the
     Board or approval by the Board for stockholder election occurred within one
     year after any "person" or "group of persons" as such terms are used in
     Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 commencing
     a tender offer for, or becoming the beneficial owner of, voting securities
     representing 25 percent or more of the combined voting power of all
     outstanding voting securities of the Company, other than pursuant to a
     tender offer approved by the Board prior to its commencement or pursuant to
     stock acquisitions approved by the Board prior to their representing 25
     percent or more of such combined voting power.

          c. "Code" means the Internal Revenue Code of 1986, as amended.

          d. "Company" shall mean Masco Corporation or any corporation in which
     Masco Corporation owns directly or indirectly stock possessing in excess of
     50% of the total combined voting power of all classes of stock.

<PAGE>

                                     Page 3                      October 2, 2000

          e. The "Deferred Compensation Trust" shall mean any trust created by
     the Company to receive the deposit referred to in clause (2) of paragraph
     10.

          f. "Disability" and "Disabled" shall mean your being unable to perform
     your duties as a Company executive by reason of your physical or mental
     condition, prior to your attaining age 65, provided that you have been
     employed by the Company for two consecutive Years or more at the time you
     first became Disabled.

          g. The "Gross-Up Amount" (i) shall be determined if any payment or
     distribution by the Company to or for your benefit, whether paid,
     distributed, payable or distributed or distributable pursuant to the terms
     of this Agreement, any stock option or stock award plan, retirement plan or
     otherwise (such payment or distribution, other than an Excise Tax
     Adjustment Payment under clause (ii), is referred to herein as a
     "Payment"), would be subject to the excise tax imposed by Section 4999 of
     the Code (or any successor provision) or any interest or penalties with
     respect to such excise tax (such excise tax together with any such interest
     or penalties are referred to herein as the "Excise Tax"), and (ii) shall
     mean an additional payment (the "Excise Tax Adjustment Payment") in an
     amount such that after subtracting from the Excise Tax Adjustment Payment
     your payment of all applicable Federal, state and local taxes (computed at
     the maximum marginal rates and including any interest or penalties imposed
     with respect to such taxes), including any Excise Tax imposed upon the
     Excise Tax Adjustment Payment, the balance will be equal to the Excise Tax
     imposed upon the Payments. All determinations required to be made with
     respect to the "Gross-Up Amount", including whether an Excise Tax
     Adjustment Payment is required and the amount of such Excise Tax Adjustment
     Payment, shall be made by PricewaterhouseCoopers LLP, or such national
     accounting firm as the Company may designate prior to a Change in Control,
     which shall provide detailed supporting calculations to the Company and
     you. Except as provided in

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                                     Page 4                      October 2, 2000

     clause (iv) of paragraph 10, all such determinations shall be binding upon
     you and the Company.

          h. "PBGC" shall mean the Pension Benefit Guaranty Corporation.

          i. "Present Value" of future benefits means the discounted present
     value of those benefits (including therein the benefits, if any, your
     Surviving Spouse would be entitled to receive under this Agreement upon
     your death), using the UP-1984 Mortality Table and discounted by the
     interest rate used, for purposes of determining the present value of a lump
     sum distribution on plan termination, by the PBGC on the first day of the
     month which is four months prior to the month in which a Change in Control
     occurs (or if the PBGC has ceased publishing such interest rate, such other
     interest rate as the Board of Directors deems is an appropriate
     substitute). The above PBGC interest rate is intended to be determined
     based on PBGC methodology and regulations in effect on September 1, 1993
     (as contained in 29 CFR Part 2619).

          j. "Profit Sharing Conversion Factor" shall be a factor equal to the
     present value of a life annuity payable at the later of age 65 or attained
     age based on the 1983 Group Annuity Mortality Table using a blend of 50% of
     the male mortality rates and 50% of the female mortality rates as set forth
     in Revenue Ruling 95-6 (or such other mortality table that the Internal
     Revenue Service may prescribe in the future) and an interest rate equal to
     the average yield for 30-year Treasury Constant Maturities, as reported in
     Federal Reserve Statistical Releases G.13 and H.15, four months prior to
     the month of the date of determination (or, if such interest rate ceases to
     be so reported, such other interest rate as the Board of Directors deems is
     an appropriate substitute).

          k. "Retirement" shall mean your termination of employment with the
     Company, on or after you attain age 65. Your acting as a consultant shall
     not be considered employment.

<PAGE>

                                     Page 5                      October 2, 2000

          l. "SERP Percentage" of your Average Compensation is 60%.

          m. "Surviving Spouse" shall be the person to whom you shall be legally
     married (under the law of the jurisdiction of your permanent residence) at
     the date of (i) your Retirement or death after attaining age 65 (if death
     terminated employment with the Company) for the purposes of paragraphs 1, 2
     and 3, (ii) your death for the purposes of paragraph 5 and, if paragraph 5
     is applicable, for the purposes of paragraph 3,(iii) the commencement of
     your Disability for the purposes of paragraphs 6 and 7 and, as long as
     paragraphs 6 or 7 are applicable, for the purposes of paragraph 3, (iv)
     your termination of employment for the purposes of paragraph 4 and, if
     paragraph 4 is applicable, for purposes of paragraph 3 and (v) a "Change in
     Control" for the purposes of paragraph 10 if none of clauses (i) through
     (iv) has become applicable prior to the Change in Control and, if this
     clause (v) is applicable, for purposes of paragraph 3. For the purposes of
     paragraphs 11a, 11e, 11f, 11g, 11h, 11i and 11j, "Surviving Spouse" shall
     be any spouse entitled to any benefits hereunder.

          n. If you become Disabled, "Total Compensation" shall mean your annual
     base salary rate at the time of your Disability plus the regular year-end
     cash bonus paid to you for the year immediately prior thereto, provided,
     however, if the determination of Total Compensation is for a year in which
     you volunteered to reduce your salary or, as part of a program generally
     applicable to participants in the Plan, you did not receive an increase in
     salary compared with the immediately preceding year, the Committee referred
     to in paragraph 11 shall make a good faith determination of what your Total
     Compensation would have been absent such salary reduction and absent such
     generally applicable program.

          o. "Vested Percentage" shall mean the sum of the following
     percentages: (i) 2% multiplied by your Years of Service, plus (ii) 8%
     multiplied by the number of Years you have been designated a participant in
     the Plan; provided,

<PAGE>

                                     Page 6                      October 2, 2000

     however, (w) prior to completing five Years of Service the Vested
     Percentage is 0,(x) on or prior to your fiftieth birthday your Vested
     Percentage may not exceed 50%, (y) on or prior to each of your birthdays
     following your fiftieth birthday your Vested Percentage may not exceed the
     sum of 50% plus the product obtained by multiplying 5% by the number of
     birthdays that have occurred following your fiftieth birthday, and (z) your
     Vested Percentage in no event may exceed 100%.

          p. "Year" shall mean twelve full consecutive months, and "year" shall
     mean a calendar year.

          q. "Years of Service" shall mean the number of Years during which you
     were employed by the Company (excluding, however, Years of Service with a
     corporation prior to the time it became a subsidiary of or otherwise
     affiliated with Masco Corporation).

     1. In accordance with the Plan, upon your Retirement the Company will pay
you annually during your lifetime, subject to paragraph 8 below, the SERP
Percentage of your Average Compensation, less: (i) a sum equal to the annual
benefit which would be payable to you upon your Retirement if benefits payable
to you under the Company funded qualified pension plans and the defined benefit
(pension) plan provisions of the Company's Retirement Benefits Restoration Plan
and any similar plan were converted to a life annuity, or if you are married
when you retire, to a 50% joint and spouse survivor life annuity, and (ii) a sum
equal to the annual benefit which would be payable to you upon Retirement if
your vested accounts in the Company's qualified defined contribution plans
(excluding your contributions and earnings thereon in the Company's 401(k)
Savings Plan) and the defined contribution (profit sharing) provisions of the
Company's Retirement Benefits Restoration Plan and any similar plan were
converted to a life annuity in accordance with the Profit Sharing Conversion
Factor, provided, however, in all cases the amount offset pursuant to these
subsections (i) and (ii) shall be determined prior to the effect of any payments
from the plans and trusts referred to therein which are authorized pursuant to
any Qualified Domestic

<PAGE>

                                     Page 7                      October 2, 2000

Relations Order under ERISA, or other comparable order allocating marital or
other rights under state law as applied to retirement benefits from
non-qualified plans.

     2. Upon your death after Retirement or while employed by the Company after
attaining age 65, your Surviving Spouse shall receive for life 75% of the annual
benefit pursuant to paragraph 1 of this Agreement which was payable to you prior
to your death (or, if death terminated employment after attaining age 65, which
would have been payable to you had your Retirement occurred immediately prior to
your death).

     3. The Company will provide, purchase or at its option provide
reimbursement for premiums paid for such supplemental medical insurance as the
Company in its sole discretion may deem advisable from time to time (i) for you
and your Surviving Spouse for the lifetime of each of you (A) following a
termination of your employment with the Company due to Retirement or Disability,
and (B) following any other termination of employment with the Company provided
(x) you and your Surviving Spouse are not covered by another medical insurance
program substantially all of the cost of which is paid by another employer, (y)
on the date of such termination your Vested Percentage is not less than 80% and
(z) the benefits under this paragraph 3 shall not commence until you have
attained age 60 or your earlier death to the extent you die leaving a Surviving
Spouse, and (ii) for your Surviving Spouse for his or her lifetime upon a
termination of your employment with the Company due to your death.

     4. If your employment with the Company is for any reason terminated prior
to Retirement, other than as a result of circumstances described in paragraphs
2, 5 or 6 of this Agreement or following a Change in Control, and if prior to
the date of termination you have completed 5 or more Years of Service, upon your
attaining age 65 the Company will pay to you annually during your lifetime,
subject to paragraph 8 below, the Vested Percentage of the result obtained by
(1) multiplying your SERP Percentage at the date your employment terminated by
your Average Compensation, less (2) the sum of the following: (i) a sum equal to
the annual benefit which would be payable to you

<PAGE>

                                     Page 8                      October 2, 2000

upon your attaining age 65 if benefits payable to you under the Company funded
qualified pension plans and the defined benefit (pension) plan provisions of the
Company's Retirement Benefits Restoration Plan and any similar plan were
converted to a life annuity, or if you are married when you attain age 65, to a
50% joint and spouse survivor life annuity, (ii) a sum equal to the annual
benefit which would be payable to you upon your attaining age 65 if an amount
equal to your vested accounts at the date of your termination of employment with
the Company in the Company's qualified defined contribution plans (excluding
your contributions and earnings thereon in the Company's 401(k) Savings Plan)
and the defined contribution (profit sharing) provisions of the Company's
Retirement Benefits Restoration Plan and any similar plan (in each case
increased from the date of termination to age 65 at the imputed rate of 4% per
annum) were converted to a life annuity in accordance with the Profit Sharing
Conversion Factor, and (iii) to the extent the annual payments described in this
clause (iii) and the annual payments you would otherwise be entitled to receive
under this paragraph 4 would, in the aggregate exceed (the "excess amount") the
annual payments you would have received under paragraph 1 had you remained
employed by the Company until Retirement (assuming for purposes of this clause
no compensation increases), any retirement benefits paid or payable to you by
reason of employment by all other previous or future employers, but only to the
extent of such excess amount (the amount of such deduction, in the case of
benefits paid or payable other than on an annual basis, to be determined on an
annualized basis by the Committee referred to in paragraph 11 and excluding from
such deduction any portion thereof, and earnings thereon, determined by such
Committee to have been contributed by you rather than your prior or future
employers), provided, however, in all cases the amount offset pursuant to these
subsections (i) and (ii) shall be determined prior to the effect of any payments
from the plans and trusts referred to therein which are authorized pursuant to
any Qualified Domestic Relations Order under ERISA, or other comparable order
allocating marital or other rights under state law as applied to retirement
benefits from non-qualified plans. Upon your death on or after age 65 should you
be survived by your Surviving Spouse, your Surviving Spouse shall receive for
life, commencing upon the date of your death,

<PAGE>

                                     Page 9                      October 2, 2000

75% of the annual benefit payable to you under the preceding sentence following
your attainment of age 65; provided, further, if your death should occur prior
to age 65, your Surviving Spouse shall receive for life, commencing upon the
date of your death, 75% of the annual benefit which would have been payable to
you under the preceding sentence following your attainment of age 65, reduced by
a factor of actuarial equivalence as determined by the Committee, such that the
Present Value of the aggregate payments to be received by your Surviving Spouse
based on his or her life expectancy as of the date of your death is equal to the
discounted Present Value, determined at the date of your death, of the aggregate
payments estimated to be received by your Surviving Spouse based on his or her
life expectancy at an age, and as if your Surviving Spouse had begun receiving
payments, when you would have attained age 65.

     5. If while employed by the Company you die prior to your attaining age 65
leaving a Surviving Spouse, and provided you shall have been employed by the
Company for two consecutive Years or more, your Surviving Spouse shall receive
annually for life, subject to paragraph 8 below, 75% of the SERP Percentage of
your Average Compensation (assuming no compensation increases between the date
of your death and the date you would have attained age 65), less: (i) a sum
equal to the annual benefit which would be payable to your Surviving Spouse
under the Company funded qualified pension plans and the defined benefit
(pension) plan provisions of the Company's Retirement Benefits Restoration Plan
and any similar plan if such benefit were converted to a life annuity (such
deduction, however, only to commence on the date such benefit is first payable),
and (ii) a sum equal to the annual payments which would be received by your
Surviving Spouse as if your spouse were designated as the beneficiary of your
vested accounts in the Company's qualified defined benefit contribution plans
(excluding your contributions and earnings thereon in the Company's 401(k)
Savings Plan) and the defined contribution (profit sharing) provisions of the
Company's Retirement Benefits Restoration Plan and any similar plan and such
accounts were converted to a life annuity at the time of your death in
accordance with the Profit Sharing Conversion Factor, provided, however, in all
cases the amount offset pursuant to these subsections (i) and (ii) shall be

<PAGE>

                                    Page 10                      October 2, 2000

determined prior to the effect of any payments from the plans and trusts
referred to therein which are authorized pursuant to any Qualified Domestic
Relations Order under ERISA, or other comparable order allocating marital or
other rights under state law as applied to retirement benefits from
non-qualified plans. No death benefits are payable except to your Surviving
Spouse.

     6. If you shall have been employed by the Company for two Years or more and
while employed by the Company you become Disabled prior to your attaining age
65, until the earlier of your death, termination of Disability or attaining age
65 the Company will pay you an annual benefit, subject to paragraph 8 below,
equal to 60% of your Total Compensation less any benefits payable to you
pursuant to long-term disability insurance under programs provided by the
Company. If your Disability continues until you attain age 65, you shall be
considered retired and you shall receive retirement benefits pursuant to
paragraph 1 above, based upon your Average Compensation as of the date it is
determined you became Disabled.

     7. If you die leaving a Surviving Spouse while receiving Disability
benefits pursuant to paragraph 6 of this Agreement, you will be deemed to have
retired on your death and your Surviving Spouse shall receive for life 75% of
the annual benefit which would have been payable to you if you had retired on
the date of your death and your benefit determined pursuant to paragraph 1,
based upon your Average Compensation as of the date you became Disabled.

     8. If the age of your Surviving Spouse is more than 20 years younger than
your age, then the annual benefit payable under paragraphs 1, 4, 5 and 6 of this
Agreement and the benefit payable as "the SERP Percentage of your Average
Compensation", as that phrase is used in paragraph 5 of this Agreement, shall be
reduced by the percentage obtained by multiplying 1.5% times the number of Years
or portion thereof by which your Surviving Spouse is more than 20 years younger
than you.

     9. If you or your Surviving Spouse is eligible to receive benefits
hereunder, unless otherwise specifically agreed by the Company in writing, you
and your Surviving Spouse will not be

<PAGE>

                                    Page 11                      October 2, 2000

able to receive benefits under any other Company sponsored non-qualified
retirement plans other than the Company's Retirement Benefits Restoration Plan.
For this purpose benefits received under the Company's non-qualified stock
option or stock award plans will not be considered to have been received under a
Company sponsored non-qualified retirement plan even though such benefits are
received after retirement. Except as provided in the last sentence of paragraph
4 and in paragraph 10 of this Agreement, no benefits will be paid to your
Surviving Spouse pursuant to this Agreement unless upon your death you were
employed by the Company, Disabled or had taken Retirement from the Company.

     10. Change in Control. (i) Immediately upon the occurrence of any Change in
Control:

          (1) If you are then employed by the Company, your Vested Percentage,
     if not already 100%, shall be deemed for all purposes of this Agreement to
     be 100%.

          (2) If the Deferred Compensation Trust has theretofore been
     established or is established within thirty days after the Change in
     Control, the Company shall forthwith deposit to an account in your name (or
     that of your Surviving Spouse if you are then deceased and your Surviving
     Spouse is entitled to benefits hereunder) in the Deferred Compensation
     Trust 110% of the sum of the Gross-Up Amount plus:

               (A) If you are then employed by the Company, an amount equal to
          the discounted Present Value of the benefits which would have been
          payable under paragraphs 1 and 2 of this Agreement upon Retirement at
          age 65 or attained age if greater, assuming for purposes of this
          clause, no compensation increases and that if younger than age 65 you
          and your Surviving Spouse had attained such age;

               (B) If employment has previously been terminated but you or your
          Surviving Spouse is then entitled in the future to receive benefits
          under paragraph 4 of

<PAGE>

                                    Page 12                      October 2, 2000

          this Agreement, an amount equal to the discounted Present Value of the
          benefits which would have been payable under such paragraph;

               (C) If you or your Surviving Spouse is then receiving payments
          under paragraphs 1, 2, 4, 5 or 7 of this Agreement, an amount equal to
          the Present Value of those benefits payable in the future to you and
          your Surviving Spouse; and

               (D) If you are then receiving payments under paragraph 6 of this
          Agreement, an amount equal to the Present Value of the benefits which
          would have been payable under paragraphs 6 and 7 on the assumption you
          would have continued to receive benefits under paragraph 6 until you
          had attained age 65 and thereafter continued to receive benefits as
          though you were deemed to have retired.

          (3) The Company shall thereafter be obligated to provide such
     supplemental medical insurance as has theretofore in the discretion of the
     Company been generally provided to participants and their Surviving Spouses
     under the Plan (A) to you and your Surviving Spouse if you or your
     Surviving Spouse is then receiving benefits under paragraph 3, (B) to you
     and your Surviving Spouse if you become Disabled if you are employed by the
     Company at the time of the Change in Control, (C) to your Surviving Spouse
     upon your death if you are employed by the Company at the time of the
     Change in Control and (D) to you and your Surviving Spouse upon any
     termination of employment following any Change in Control but only during
     the periods when you and your Surviving Spouse are not covered by another
     medical insurance program substantially all of the cost of which is paid by
     another employer. The obligations of the Company under this clause (i)(3)
     shall remain in effect for the lifetime of both you and your Surviving
     Spouse.

          (4) If the Deferred Compensation Trust is not established prior to or
     within thirty days after the Change in Control, all payments which would
     have otherwise have been made to

<PAGE>

                                    Page 13                      October 2, 2000

     you or your Surviving Spouse from the Deferred Compensation Trust shall
     immediately after such thirty day period be made to you or your Surviving
     Spouse by the Company.

     (ii) Any deposit by the Company to an account in your name or that of your
Surviving Spouse in the Deferred Compensation Trust prior to the occurrence of
the Change in Control, together with all income then accrued thereon (but only
to the extent of the value of such deposited amount and the income accrued
thereon on the day of any deposit under clause (i)(2) of this paragraph 10),
shall reduce by an equal amount the obligations of the Company to make the
deposit required under clause (i)(2) of this paragraph 10.

     (iii) At or prior to making the deposit required by clause (i)(2) of this
paragraph 10, the Company shall deliver to the Trustee under the Deferred
Compensation Trust a certificate specifying that portion, if any, of the amount
in the trust account, after giving effect to the deposit, which is represented
by the Gross-Up Amount. Payment of 90.91% of the amount required by clause
(i)(2) of this paragraph 10 to be paid to the trust account, together with any
income accrued thereon from the date of the Change in Control, is to be made to
you or your Surviving Spouse, as applicable, under the terms of the Deferred
Compensation Trust, at the earlier of (1) immediately upon a Change in Control
if you then are deceased or have attained age 65 or are Disabled, (2) your death
subsequent to the Change in Control, or (3) the date which is one year after the
Change in Control; provided, however, that the Trustee under the Deferred
Compensation Trust is required promptly to pay to you or your Surviving Spouse,
as applicable, from the trust account from time to time amounts, not exceeding
in the aggregate the Gross-Up Amount, upon your or your Surviving Spouse's
certification to the Trustee that the amount to be paid has been or within 60
days will be paid by you or your Surviving Spouse to a Federal, state or local
taxing authority as a result of the Change in Control and the imposition of the
excise tax under Section 4999 of the Code (or any successor provision) on the
receipt of any portion of the Gross-Up Amount. All amounts in excess of the
amount required to be paid from the trust account by the preceding sentence,
after all expenses of the

<PAGE>

                                    Page 14                      October 2, 2000

Deferred Compensation Trust have been paid, shall revert to the Company provided
that the Company has theretofore expressly affirmed its continuing obligations
under clause (i)(3) of this Paragraph 10.

     (iv) Subject to the next sentence of this clause (iv), the payment of the
Gross-Up Amount to you or your Surviving Spouse or the account in your or your
Surviving Spouse's name in the Deferred Compensation Trust will thereby
discharge the Company from any obligations it may have under any present or
future stock option or stock award plan, retirement plan or otherwise, to make
any other payment as a result of your income becoming subject to the excise tax
imposed by Section 4999 of the Code (or any successor provision) or any interest
or penalties with respect to such excise tax. As a result of the uncertainty
which will be present in the application of Section 4999 of the Code (or any
successor provision) at the time of the determination of the Gross-Up Amount and
the possibility that between the date of determination of the Gross-Up Amount
and the dates payments are to be made to you or your Surviving Spouse under this
Agreement, changes in applicable tax laws will result in an incorrect
determination of the Gross-Up Amount having been made, it is possible that (1)
payment of a portion of the Gross-Up Amount will not have been made by the
Company which should have been made (an "Underpayment"), or (2) payment of a
portion of the Gross-Up Amount will have been made which should not have been
made (an "Overpayment"), consistent with the calculations required to be made
hereunder. In the event of an Underpayment, such Underpayment shall be promptly
paid by the Company to or for your benefit. In the event that you or your
Surviving Spouse discover that an Overpayment shall have occurred, the amount
thereof shall be promptly repaid by you or your Surviving Spouse to the Company.

     (v) Prior to the occurrence of a Change in Control, any deposits made by
the Company to an account in the Deferred Compensation Trust may be withdrawn by
the Company. Upon the occurrence of a Change in Control, all further obligations
of the Company under this Agreement (other than under this Paragraph 10 to the
extent not theretofore performed) shall terminate in all respects.

<PAGE>

                                    Page 15                      October 2, 2000

     11. We also agree upon the following:

          a. Prior to the occurrence of a Change in Control, the Compensation
     Committee of the Company's Board of Directors, or any other committee
     however titled which shall be vested with authority with respect to the
     compensation of the Company's officers and executives (in either case, the
     "Committee"), shall have the exclusive authority to make all determinations
     which may be necessary in connection with this Agreement including the
     dates of and whether you are or continue to be Disabled, the amount of
     annual benefits payable hereunder by reason of offsets hereunder due to
     employment by other employers, the interpretation of this Agreement, and
     all other matters or disputes arising under this Agreement. The
     determinations and findings of the Committee shall be conclusive and
     binding, without appeal, upon both of us.

          b. You will not during your employment or Disability, and after
     Retirement or the termination of your employment, for any reason disclose
     or make use of for your own or another person's benefit under any
     circumstances any of the Company's Proprietary Information. Proprietary
     Information shall include trade secrets, secret processes, information
     concerning products, developments, manufacturing techniques, new product or
     marketing plans, inventions, research and development information or
     results, sales, pricing and financial data, information relating to the
     management, operations or planning of the Company and any other information
     treated as confidential or proprietary.

          c. You agree that you will not following your termination of
     employment for any reason (whether on Retirement, Disability or termination
     prior to attaining age 65) thereafter directly or indirectly engage in any
     business activities, whether as a consultant, advisor or otherwise, in
     which the Company is engaged in any geographic area in which the products
     or services of the Company have been sold, distributed or provided during
     the

<PAGE>

                                    Page 16                      October 2, 2000

     five year period prior to the date of your termination of employment. In
     light of ongoing payments to be received by you and your Surviving Spouse
     for your respective lives, the restrictions contained in the preceding
     sentence shall be unlimited in duration provided no Change in Control has
     occurred and, in the event of a Change in Control, all such restrictions
     shall terminate one year thereafter.

          In addition to the foregoing and provided no Change in Control has
     occurred, if while you or your Surviving Spouse is receiving retirement or
     other benefits pursuant to this Agreement, in the judgment of the Committee
     you or your Surviving Spouse directly or indirectly engage in activity or
     act in a manner which can be considered adverse to the interest of the
     Company or any of its direct or indirect subsidiaries or affiliated
     companies, the Committee may terminate rights to any further benefits
     hereunder.

          d. Except as may be provided to the contrary in a duly authorized
     written agreement between you and the Company you acknowledge that the
     Company has made no commitments to you of any kind with respect to the
     continuation of your employment, which we expressly agree is an employment
     at will, and you or the Company shall have the unrestricted right to
     terminate your employment with or without cause, at any time in your or its
     discretion.

          e. At the Company's request, expressed through a Company officer, you
     agree to provide such information with respect to matters which may arise
     in connection with this Agreement as may be deemed necessary by the Company
     or the Committee, including for example only and not in limitation,
     information concerning benefits payable to you from third parties, and you
     further agree to submit to such medical examinations by duly licensed
     physicians as may be requested by the Company from time to time. You also
     agree to direct third parties to provide such information, and your
     Surviving Spouse's cooperation in providing such information is a condition
     to the receipt of survivor's benefits under this Agreement.

<PAGE>

                                    Page 17                      October 2, 2000

          f. To the extent permitted by law, no interest in this Agreement or
     benefits payable to you or to your Surviving Spouse shall be subject to
     anticipation, or to pledge, assignment, sale or transfer in any manner nor
     shall you or your Surviving Spouse have the power in any manner to charge
     or encumber such interest or benefits, nor shall such interest or benefits
     be liable or subject in any manner for the liabilities of you or your
     Surviving Spouse's debts, contracts, torts or other engagements of any
     kind.

          g. No person other than you and your Surviving Spouse shall have any
     rights or property interest of any kind whatsoever pursuant to this
     Agreement, and neither you nor your Surviving Spouse shall have any rights
     hereunder other than those expressly provided in this Agreement. Upon the
     death of you and your Surviving Spouse no further benefits of whatsoever
     kind or nature shall accrue or be payable pursuant to this Agreement.

          h. All benefits payable pursuant to this Agreement, other than
     pursuant to paragraph 10, shall be paid in installments of one-twelfth of
     the annual benefit, or at such shorter intervals as may be deemed advisable
     by the Company in its discretion, upon receipt of your or your Surviving
     Spouse's written application, or by the applicant's personal representative
     in the event of any legal disability.

          i. Except as provided in paragraph 10, all benefits under this
     Agreement shall be payable from the Company's general assets, which assets
     (including all funds in the Deferred Compensation Trust) are subject to the
     claims of the Company's general creditors, and are not set aside for your
     or your Surviving Spouse's benefit.

          j. You agree that, if the Company establishes the Deferred
     Compensation Trust, the Company is entitled at any time prior to a Change
     in Control to revoke such trust and withdraw all funds theretofore
     deposited in such trust. You acknowledge that although this Agreement
     refers from time

<PAGE>

                                    Page 18                      October 2, 2000

     to time to your or your Surviving Spouse's trust account, no separate trust
     will be created and all assets of any Deferred Compensation Trust will be
     commingled.

          k. This Agreement shall be governed by the laws of the State of
     Michigan.

     12. We have agreed that the determinations of the Committee described in
paragraph 11a shall be conclusive as provided in such paragraph, but if for any
reason a claim is asserted which subverts the provisions of paragraph 11a, we
agree that, except for causes of action which may arise under paragraph 11b and
the first paragraph of paragraph 11c and provided no Change in Control has
occurred, arbitration shall be the sole and exclusive remedy to resolve all
disputes, claims or controversies which could be the subject of litigation
(hereafter referred to as "dispute") involving or arising out of this Agreement.
It is our mutual intention that the arbitration award will be final and binding
and that a judgment on the award may be entered in any court of competent
jurisdiction and enforcement may be had according to its terms.

     The arbitrator shall be chosen in accordance with the commercial
arbitration rules of the American Arbitration Association and the expenses of
the arbitration shall be borne equally by the parties to the dispute. The place
of the arbitration shall be the principal offices of the American Arbitration
Association in the metropolitan Detroit area.

     The arbitrator's sole authority shall be to apply the clauses of this
Agreement.

     We agree that the provisions of this paragraph 12, and the decision of the
arbitrator with respect to any dispute, with only the exceptions provided in the
first paragraph of this paragraph 12, shall be the sole and exclusive remedy for
any alleged cause of action in any manner based upon or arising out of this
Agreement. Subject to the foregoing exceptions, we acknowledge that since
arbitration is the exclusive remedy, neither of us or any party claiming under
this Agreement has the right to resort to any federal, state or local court or

<PAGE>

                                    Page 19                      October 2, 2000

administrative agency concerning any matters dealt with by this Agreement and
that the decision of the arbitrator shall be a complete defense to any action or
proceeding instituted in any tribunal or agency with respect to any dispute. The
arbitration provisions contained in this paragraph shall survive the termination
or expiration of this Agreement, and shall be binding on our respective
successors, personal representatives and any other party asserting a claim based
upon this Agreement.

     We further agree that any demand for arbitration must be made within one
year of the time any claim accrues which you or any person claiming hereunder
may have against the Company; unless demand is made within such period, it is
forever barred.

     We are pleased to be able to make this supplemental plan available to you.
Please examine the terms of this Agreement carefully and at your earliest
convenience indicate your assent to all of its terms and conditions by signing
and dating where provided below and returning a signed copy to me.

                                        Sincerely,

                                        MASCO CORPORATION

                                        By
                                           -------------------------------------
                                           Richard A. Manoogian
                                           Chief Executive Officer

DATE:
      -------------------------------

<PAGE>

                                          Form of Amendment for: John R. Leekley
                                                              Robert B. Rosowski

                                December 5, 2003

[Participant's Address]

[Dear Participant]

     Masco's Organization and Compensation Committee over the past several years
has approved a number of major improvements to the benefits for our executives
covered by Masco's program for supplemental retirement and other benefits (the
"SERP Plan"). At its October meeting this Committee authorized a significant
additional enhancement under your agreement pursuant to the SERP Plan (the "SERP
Agreement") by increasing the percentage of your bonus eligible for inclusion in
the SERP calculation from 50% to 60% of your base salary. (A corresponding
change would be made in the calculation of disability payments by changing the
definition of "Total Compensation" to 160% from 150% of your then current
salary.) The provisions in your SERP Agreement, allowing certain carry-forwards
or carry-backs of bonus payments in excess of what was 50% and is now 60%, would
be retained.

     This enhancement was, in part, approved to partially offset the effect of
the current freeze on your salary. Accordingly, the existing provision in your
SERP Agreement, which requires a calculation of benefits on the assumption that
all compensation freezes are disregarded, would be eliminated.

     In order for these changes to be implemented in your SERP Agreement, the
definitions of "Average Compensation" and "Total Compensation" in your SERP
Agreement would be amended to read as follows:

Average Compensation

     "Average Compensation shall mean the aggregate of your highest three years
total annual cash compensation paid to you by the Company, consisting of (i)
base salaries and (ii) regular year-end cash bonuses paid with respect to the
years in which such salaries are paid (the bonus with respect to any such year,
however, only to be included in an amount not in excess of 60% of the base
salary paid during such year), divided by three, provided, however, (x) if any
portion of a bonus is excluded by the parenthetical contained in clause (ii)
above, the total amount excluded will be added to one or both of the other two
years included in the calculation as long as the amount so added does not result
in a bonus with respect to any year exceeding 60% of the base salary paid during
that year, (y) if you have on the date of determination less than three full
years of employment, the foregoing calculation, including any adjustment
required by clause (x) above, shall be based on the average base salaries and
regular year-end cash bonuses paid to you while so employed."

<PAGE>

[Participant's Name]
December 5, 2003
Page Two

Total Compensation

'If you become Disabled, "Total Compensation" shall mean 160% of your annual
base salary rate at the time of your Disability."

Should you have any questions regarding this proposed amendment, please feel
free to discuss them with Dan Foley, John Leekley or me. If not, I would
appreciate your execution and return of a copy of this letter to Gene Gargaro,
at which time the above described amendment will become effective.

                                        Sincerely yours,

                                        ----------------------------------------
                                        Richard A. Manoogian
                                        Chairman

I agree to the above amendment of my SERP Agreement changing definition of
"Average Compensation" and "Total Compensation" as set forth above.

<PAGE>

                                     Form of Amendment for: Richard A. Manoogian
                                                                      Alan Barry

                                 March 31, 2004

[Participant]

Dear [Participant],

     Masco's Organization and Compensation Committee over the past several years
has approved a number of major improvements to the benefits for our executives
covered by Masco's program for supplemental retirement and other benefits (the
"SERP Plan"). At its October meeting this Committee authorized a significant
additional enhancement under your agreement pursuant to the SERP Plan (the "SERP
Agreement") by increasing the percentage of your bonus eligible for inclusion in
the SERP calculation from 50% of your base salary to 60% of your maximum bonus
opportunity. An additional change would be made in the calculation of disability
payments by changing the definition of "Total Compensation" from 150% of your
then current salary to the sum of your then current salary and 60% of your then
current bonus opportunity.) The provisions in your SERP Agreement, allowing
certain carry-forwards or carry-backs of bonus payments in excess of what was
50% of your base salary would also be modified.

     This enhancement was, in part, approved to partially offset the effect of
the current freeze on your salary. Accordingly, the existing provision in your
SERP Agreement, which requires a calculation of benefits on the assumption that
all compensation freezes are disregarded, would be eliminated.

     In order for these changes to be implemented in your SERP Agreement, the
definitions of "Average Compensation" and "Total Compensation" in your SERP
Agreement would be amended to read as follows:

Average Compensation

     "Average Compensation shall mean the aggregate of your highest three years
total annual cash compensation paid to you by the Company, consisting of (i)
base salaries and (ii) regular year-end cash bonuses paid with respect to the
years in which such salaries are paid (the bonus with respect to any such year,
however, only to be included in an amount not in excess of 60% of your maximum
bonus opportunity for such year), divided by three, provided, however, (x) if
any portion of a bonus is excluded by the parenthetical contained in clause (ii)
above, the total amount excluded will be added to one or both of the other two
years included in the calculation as long as the amount so added does not result
in a bonus with respect to any year exceeding 60% of your maximum bonus
opportunity for such year, (y) if you have on the date of determination less
than three full years of employment, the foregoing calculation, including any
adjustment required by clause (x) above, shall be based on the average base
salaries and regular year-end cash bonuses paid to you while so employed."

<PAGE>

[Participant]
March 31, 2004
Page Two

Total Compensation

     If you become Disabled, "Total Compensation" shall mean the sum of your
annual base salary rate and 60% of your then effective bonus opportunity at the
time of your Disability."

     Should you have any questions regarding this proposed amendment, please
feel free to discuss them with Dan Foley, John Leekley or me. If not, I would
appreciate your execution and return of a copy of this letter to Gene Gargaro,
at which time the above described amendment will become effective.

     This letter supersedes the letter agreement of December 5, 2003 between you
and the Company.

                                        Sincerely yours,

I agree to the above amendment of my SERP Agreement changing definition of
"Average Compensation" and "Total Compensation" as set forth above.

<PAGE>

                                                            Form for: Alan Barry

                              October 2, 2000

Dear          :

     Our company's Board of Directors has adopted a plan whereby supplemental
retirement and other benefits, in addition to those provided under the Company's
pension and other benefit plans, will be made available to those Company and
subsidiary executives as may be designated from time to time by the company's
Chief Executive Officer. The plan providing such benefits, as originally made
available to designated executives in 1987 and as subsequently amended from time
to time heretofore or in the future, is referred to in this letter as the
"Plan". You are currently a participant in the Plan upon the terms of a letter
agreement signed by you and dated _________, ________. This Agreement amends and
replaces in its entirety your previously signed letter agreement and describes
in full your benefits pursuant to the Plan and all of the Company's obligations
to you, and yours to the Company. These benefits as described below are
contractual obligations of the Company.

     For the purposes of this Agreement, words and terms are defined as follows:

          a. "Average Compensation" shall mean the aggregate of your highest
     three years' total annual cash compensation paid to you by the Company,
     consisting of (i) base salaries and (ii) regular year-end cash bonuses paid
     with respect to the years in which such salaries are paid, divided by
     three, provided, however, (x) if you have on the date of determination less
     than three full years of employment the foregoing calculation shall be
     based on the average base salaries and regular year-end cash bonuses paid
     to you while so employed, and (y) if the determination of Average
     Compensation includes any year in which you volunteered to reduce your
     salary or, as part of a program generally applicable to participants in the
     Plan, you did not receive

<PAGE>

                                     Page 2                      October 2, 2000

     an increase in salary compared with the immediately preceding year, the
     Committee referred to in paragraph 11 shall make a good faith determination
     of what your Average Compensation would have been absent such salary
     reduction and absent such generally applicable program.

          b. A "Change in Control" shall be deemed to have occurred if, during
     any period of twenty-four consecutive calendar months, the individuals who
     at the beginning of such period constitute the Company's Board of
     Directors, and any new directors (other than Excluded Directors) whose
     election by such Board or nomination for election by stockholders was
     approved by a vote of at least two-thirds of the members of such Board who
     were either directors on such Board at the beginning of the period or whose
     election or nomination for election as directors was previously so
     approved, for any reason cease to constitute at least a majority of the
     members thereof. Excluded Directors are directors whose election by the
     Board or approval by the Board for stockholder election occurred within one
     year after any "person" or "group of persons" as such terms are used in
     Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 commencing
     a tender offer for, or becoming the beneficial owner of, voting securities
     representing 25 percent or more of the combined voting power of all
     outstanding voting securities of the Company, other than pursuant to a
     tender offer approved by the Board prior to its commencement or pursuant to
     stock acquisitions approved by the Board prior to their representing 25
     percent or more of such combined voting power.

          c. "Code" means the Internal Revenue Code of 1986, as amended.

          d. "Company" shall mean Masco Corporation or any corporation in which
     Masco Corporation owns directly or indirectly stock possessing in excess of
     50% of the total combined voting power of all classes of stock.

          e. The "Deferred Compensation Trust" shall mean any trust created by
     the Company to receive the deposit referred to in clause (2) of paragraph
     10.

<PAGE>

                                     Page 3                      October 2, 2000

          f. "Disability" and "Disabled" shall mean your being unable to perform
     your duties as a Company executive by reason of your physical or mental
     condition, prior to your attaining age 65, provided that you have been
     employed by the Company for two consecutive Years or more at the time you
     first became Disabled.

          g. The "Gross-Up Amount" (i) shall be determined if any payment or
     distribution by the Company to or for your benefit, whether paid,
     distributed, payable or distributed or distributable pursuant to the terms
     of this Agreement, any stock option or stock award plan, retirement plan or
     otherwise (such payment or distribution, other than an Excise Tax
     Adjustment Payment under clause (ii), is referred to herein as a
     "Payment"), would be subject to the excise tax imposed by Section 4999 of
     the Code (or any successor provision) or any interest or penalties with
     respect to such excise tax (such excise tax together with any such interest
     or penalties are referred to herein as the "Excise Tax"), and (ii) shall
     mean an additional payment (the "Excise Tax Adjustment Payment") in an
     amount such that after subtracting from the Excise Tax Adjustment Payment
     your payment of all applicable Federal, state and local taxes (computed at
     the maximum marginal rates and including any interest or penalties imposed
     with respect to such taxes), including any Excise Tax imposed upon the
     Excise Tax Adjustment Payment, the balance will be equal to the Excise Tax
     imposed upon the Payments. All determinations required to be made with
     respect to the "Gross-Up Amount", including whether an Excise Tax
     Adjustment Payment is required and the amount of such Excise Tax Adjustment
     Payment, shall be made by PricewaterhouseCoopers LLP, or such national
     accounting firm as the Company may designate prior to a Change in Control,
     which shall provide detailed supporting calculations to the Company and
     you. Except as provided in clause (iv) of paragraph 10, all such
     determinations shall be binding upon you and the Company.

          h. "PBGC" shall mean the Pension Benefit Guaranty Corporation.

<PAGE>

                                     Page 4                      October 2, 2000

          i. "Present Value" of future benefits means the discounted present
     value of those benefits (including therein the benefits, if any, your
     Surviving Spouse would be entitled to receive under this Agreement upon
     your death), using the UP-1984 Mortality Table and discounted by the
     interest rate used, for purposes of determining the present value of a lump
     sum distribution on plan termination, by the PBGC on the first day of the
     month which is four months prior to the month in which a Change in Control
     occurs (or if the PBGC has ceased publishing such interest rate, such other
     interest rate as the Board of Directors deems is an appropriate
     substitute). The above PBGC interest rate is intended to be determined
     based on PBGC methodology and regulations in effect on September 1, 1993
     (as contained in 29 CFR Part 2619).

          j. "Profit Sharing Conversion Factor" shall be a factor equal to the
     present value of a life annuity payable at the later of age 65 or attained
     age based on the 1983 Group Annuity Mortality Table using a blend of 50% of
     the male mortality rates and 50% of the female mortality rates as set forth
     in Revenue Ruling 95-6 (or such other mortality table that the Internal
     Revenue Service may prescribe in the future) and an interest rate equal to
     the average yield for 30-year Treasury Constant Maturities, as reported in
     Federal Reserve Statistical Releases G.13 and H.15, four months prior to
     the month of the date of determination (or, if such interest rate ceases to
     be so reported, such other interest rate as the Board of Directors deems is
     an appropriate substitute).

          k. "Retirement" shall mean your termination of employment with the
     Company, on or after you attain age 65. Your acting as a consultant shall
     not be considered employment.

          l. "SERP Percentage" of your Average Compensation is 60% if at the
     date of determination you have completed 15 or more Years of Service, and
     decreases by increments of four percentage points for each Year or portion
     thereof less than 15 that you have accumulated at the date of

<PAGE>

                                     Page 5                      October 2, 2000

     determination. The minimum SERP Percentage is 20% after five Years of
     Service; prior to completing five Years of Service the SERP Percentage is
     0.

          m. "Surviving Spouse" shall be the person to whom you shall be legally
     married (under the law of the jurisdiction of your permanent residence) at
     the date of (i) your Retirement or death after attaining age 65 (if death
     terminated employment with the Company) for the purposes of paragraphs 1, 2
     and 3, (ii) your death for the purposes of paragraph 5 and, if paragraph 5
     is applicable, for the purposes of paragraph 3,(iii) the commencement of
     your Disability for the purposes of paragraphs 6 and 7 and, as long as
     paragraphs 6 or 7 are applicable, for the purposes of paragraph 3, (iv)
     your termination of employment for the purposes of paragraph 4 and, if
     paragraph 4 is applicable, for purposes of paragraph 3 and (v) a "Change in
     Control" for the purposes of paragraph 10 if none of clauses (i) through
     (iv) has become applicable prior to the Change in Control and, if this
     clause (v) is applicable, for purposes of paragraph 3. For the purposes of
     paragraphs 11a, 11e, 11f, 11g, 11h, 11i and 11j, "Surviving Spouse" shall
     be any spouse entitled to any benefits hereunder.

          n. If you become Disabled, "Total Compensation" shall mean your annual
     base salary rate at the time of your Disability plus the regular year-end
     cash bonus paid to you for the year immediately prior thereto, provided,
     however, if the determination of Total Compensation is for a year in which
     you volunteered to reduce your salary or, as part of a program generally
     applicable to participants in the Plan, you did not receive an increase in
     salary compared with the immediately preceding year, the Committee referred
     to in paragraph 11 shall make a good faith determination of what your Total
     Compensation would have been absent such salary reduction and absent such
     generally applicable program.

          o. "Vested Percentage" shall mean the sum of the following
     percentages: (i) 2% multiplied by your Years of Service, plus (ii) 8%
     multiplied by the number of Years you have been designated a participant in
     the Plan; provided, however, (w) prior to completing five Years of Service
     the

<PAGE>

                                     Page 6                      October 2, 2000

     Vested Percentage is 0,(x) on or prior to your fiftieth birthday your
     Vested Percentage may not exceed 50%, (y) on or prior to each of your
     birthdays following your fiftieth birthday your Vested Percentage may not
     exceed the sum of 50% plus the product obtained by multiplying 5% by the
     number of birthdays that have occurred following your fiftieth birthday,
     and (z) your Vested Percentage in no event may exceed 100%.

          p. "Year" shall mean twelve full consecutive months, and "year" shall
     mean a calendar year.

          q. "Years of Service" shall mean the number of Years during which you
     were employed by the Company (excluding, however, Years of Service with a
     corporation prior to the time it became a subsidiary of or otherwise
     affiliated with Masco Corporation).

     1. In accordance with the Plan, upon your Retirement the Company will pay
you annually during your lifetime, subject to paragraph 8 below, the SERP
Percentage of your Average Compensation, less: (i) a sum equal to the annual
benefit which would be payable to you upon your Retirement if benefits payable
to you under the Company funded qualified pension plans and the defined benefit
(pension) plan provisions of the Company's Retirement Benefits Restoration Plan
and any similar plan were converted to a life annuity, or if you are married
when you retire, to a 50% joint and spouse survivor life annuity, (ii) a sum
equal to the annual benefit which would be payable to you upon Retirement if
your vested accounts in the Company's qualified defined contribution plans
(excluding your contributions and earnings thereon in the Company's 401(k)
Savings Plan) and the defined contribution (profit sharing) provisions of the
Company's Retirement Benefits Restoration Plan and any similar plan were
converted to a life annuity in accordance with the Profit Sharing Conversion
Factor, and (iii) unless you have at least 25 Years of Service, any retirement
benefits paid or payable to you by reason of employment by all other employers
(the amount of such deduction, in the case of benefits paid or payable other
than on an annual basis, to be determined on an annualized basis by the
Committee referred to in paragraph 11 and excluding from such deduction any
portion

<PAGE>

                                     Page 7                      October 2, 2000

thereof, and earnings thereon, determined by such Committee to have been
contributed by you rather than such other employers), provided, however, in all
cases the amount offset pursuant to these subsections (i) and (ii) shall be
determined prior to the effect of any payments from the plans and trusts
referred to therein which are authorized pursuant to any Qualified Domestic
Relations Order under ERISA, or other comparable order allocating marital or
other rights under state law as applied to retirement benefits from
non-qualified plans.

     2. Upon your death after Retirement or while employed by the Company after
attaining age 65, your Surviving Spouse shall receive for life 75% of the annual
benefit pursuant to paragraph 1 of this Agreement which was payable to you prior
to your death (or, if death terminated employment after attaining age 65, which
would have been payable to you had your Retirement occurred immediately prior to
your death).

     3. The Company will provide, purchase or at its option provide
reimbursement for premiums paid for such supplemental medical insurance as the
Company in its sole discretion may deem advisable from time to time (i) for you
and your Surviving Spouse for the lifetime of each of you (A) following a
termination of your employment with the Company due to Retirement or Disability,
and (B) following any other termination of employment with the Company provided
(x) you and your Surviving Spouse are not covered by another medical insurance
program substantially all of the cost of which is paid by another employer, (y)
on the date of such termination your Vested Percentage is not less than 80% and
(z) the benefits under this paragraph 3 shall not commence until you have
attained age 60 or your earlier death to the extent you die leaving a Surviving
Spouse, and (ii) for your Surviving Spouse for his or her lifetime upon a
termination of your employment with the Company due to your death.

     4. If your employment with the Company is for any reason terminated prior
to Retirement, other than as a result of circumstances described in paragraphs
2, 5 or 6 of this Agreement or following a Change in Control, and if prior to
the date of termination you have completed 5 or more Years of Service, upon your
attaining age 65 the Company will pay to you

<PAGE>

                                     Page 8                      October 2, 2000

annually during your lifetime, subject to paragraph 8 below, the Vested
Percentage of the result obtained by (1) multiplying your SERP Percentage at the
date your employment terminated by your Average Compensation, less (2) the sum
of the following: (i) a sum equal to the annual benefit which would be payable
to you upon your attaining age 65 if benefits payable to you under the Company
funded qualified pension plans and the defined benefit (pension) plan provisions
of the Company's Retirement Benefits Restoration Plan and any similar plan were
converted to a life annuity, or if you are married when you attain age 65, to a
50% joint and spouse survivor life annuity, (ii) a sum equal to the annual
benefit which would be payable to you upon your attaining age 65 if an amount
equal to your vested accounts at the date of your termination of employment with
the Company in the Company's qualified defined contribution plans (excluding
your contributions and earnings thereon in the Company's 401(k) Savings Plan)
and the defined contribution (profit sharing) provisions of the Company's
Retirement Benefits Restoration Plan and any similar plan (in each case
increased from the date of termination to age 65 at the imputed rate of 4% per
annum) were converted to a life annuity in accordance with the Profit Sharing
Conversion Factor, and (iii) to the extent the annual payments described in this
clause (iii) and the annual payments you would otherwise be entitled to receive
under this paragraph 4 would, in the aggregate exceed (the "excess amount") the
annual payments you would have received under paragraph 1 had you remained
employed by the Company until Retirement (with your SERP Percentage determined
as though you were given credit for additional Years of Service until age 65 but
no compensation increases), any retirement benefits paid or payable to you by
reason of employment by all other previous or future employers, but only to the
extent of such excess amount (the amount of such deduction, in the case of
benefits paid or payable other than on an annual basis, to be determined on an
annualized basis by the Committee referred to in paragraph 11 and excluding from
such deduction any portion thereof, and earnings thereon, determined by such
Committee to have been contributed by you rather than your prior or future
employers), provided, however, in all cases the amount offset pursuant to these
subsections (i) and (ii) shall be determined prior to the effect of any payments
from the plans and trusts referred to therein which are authorized pursuant to
any Qualified Domestic Relations Order under ERISA,

<PAGE>

                                     Page 9                      October 2, 2000

or other comparable order allocating marital or other rights under state law as
applied to retirement benefits from non-qualified plans. Upon your death on or
after age 65 should you be survived by your Surviving Spouse, your Surviving
Spouse shall receive for life, commencing upon the date of your death, 75% of
the annual benefit payable to you under the preceding sentence following your
attainment of age 65; provided, further, if your death should occur prior to age
65, your Surviving Spouse shall receive for life, commencing upon the date of
your death, 75% of the annual benefit which would have been payable to you under
the preceding sentence following your attainment of age 65, reduced by a factor
of actuarial equivalence as determined by the Committee, such that the
discounted Present Value of the aggregate payments to be received by your
Surviving Spouse based on his or her life expectancy as of the date of your
death is equal to the discounted Present Value, determined at the date of your
death, of the aggregate payments estimated to be received by your Surviving
Spouse based on his or her life expectancy at an age, and as if your Surviving
Spouse had begun receiving payments, when you would have attained age 65.

     5. If while employed by the Company you die prior to your attaining age 65
leaving a Surviving Spouse, and provided you shall have been employed by the
Company for two consecutive Years or more, your Surviving Spouse shall receive
annually for life, subject to paragraph 8 below, 75% of the SERP Percentage of
your Average Compensation (with your SERP Percentage determined as though you
were given credit for additional Years of Service but no compensation increases
between the date of your death and the date you would have attained age 65),
less: (i) a sum equal to the annual benefit which would be payable to your
Surviving Spouse under the Company funded qualified pension plans and the
defined benefit (pension) plan provisions of the Company's Retirement Benefits
Restoration Plan and any similar plan if such benefit were converted to a life
annuity (such deduction, however, only to commence on the date such benefit is
first payable), (ii) a sum equal to the annual payments which would be received
by your Surviving Spouse as if your spouse were designated as the beneficiary of
your vested accounts in the Company's qualified defined benefit contribution
plans (excluding your contributions and earnings thereon in the Company's 401(k)
Savings Plan) and the defined contribution

<PAGE>

                                    Page 10                      October 2, 2000

(profit sharing) provisions of the Company's Retirement Benefits Restoration
Plan and any similar plan and such accounts were converted to a life annuity at
the time of your death in accordance with the Profit Sharing Conversion Factor,
and (iii) unless you have at least 25 Years of Service, any retirement benefits
paid or payable to you or your Surviving Spouse by reason of your employment by
all other employers (the amount of such deduction, in the case of benefits paid
or payable other than on an annual basis, to be determined on an annualized
basis by the Committee referred to in paragraph 11 and excluding from such
deduction any portion thereof, and earnings thereon, determined by such
Committee to have been contributed by you rather than such other employers),
provided, however, in all cases the amount offset pursuant to these subsections
(i) and (ii) shall be determined prior to the effect of any payments from the
plans and trusts referred to therein which are authorized pursuant to any
Qualified Domestic Relations Order under ERISA, or other comparable order
allocating marital or other rights under state law as applied to retirement
benefits from non-qualified plans. No death benefits are payable except to your
Surviving Spouse.

     6. If you shall have been employed by the Company for two Years or more and
while employed by the Company you become Disabled prior to your attaining age
65, until the earlier of your death, termination of Disability or attaining age
65 the Company will pay you an annual benefit, subject to paragraph 8 below,
equal to 60% of your Total Compensation less any benefits payable to you
pursuant to long-term disability insurance under programs provided by the
Company. If your Disability continues until you attain age 65, you shall be
considered retired and you shall receive retirement benefits pursuant to
paragraph 1 above, based upon your Average Compensation as of the date it is
determined you became Disabled and with your SERP Percentage given credit for
Years of Service while you were Disabled.

     7. If you die leaving a Surviving Spouse while receiving Disability
benefits pursuant to paragraph 6 of this Agreement, you will be deemed to have
retired on your death and your Surviving Spouse shall receive for life 75% of
the annual benefit which would have been payable to you if you had retired on
the date of your death and your benefit determined pursuant

<PAGE>

                                    Page 11                      October 2, 2000

to paragraph 1, based upon your Average Compensation as of the date you became
Disabled and with your SERP Percentage given credit for Years of Service from
the date you became Disabled to the date you would have attained age 65.

     8. If the age of your Surviving Spouse is more than 20 years younger than
your age, then the annual benefit payable under paragraphs 1, 4, 5 and 6 of this
Agreement and the benefit payable as "the SERP Percentage of your Average
Compensation", as that phrase is used in paragraph 5 of this Agreement, shall be
reduced by the percentage obtained by multiplying 1.5% times the number of Years
or portion thereof by which your Surviving Spouse is more than 20 years younger
than you.

     9. If you or your Surviving Spouse is eligible to receive benefits
hereunder, unless otherwise specifically agreed by the Company in writing, you
and your Surviving Spouse will not be able to receive benefits under any other
Company sponsored non-qualified retirement plans other than the Company's
Retirement Benefits Restoration Plan. For this purpose benefits received under
the Company's non-qualified stock option or stock award plans will not be
considered to have been received under a Company sponsored non-qualified
retirement plan even though such benefits are received after retirement. Except
as provided in the last sentence of paragraph 4 and in paragraph 10 of this
Agreement, no benefits will be paid to your Surviving Spouse pursuant to this
Agreement unless upon your death you were employed by the Company, Disabled or
had taken Retirement from the Company.

     10. Change in Control. (i) Immediately upon the occurrence of any Change in
Control:

          (1) If you are then employed by the Company, (i) your SERP Percentage,
     if not already 60%, shall be deemed for all purposes of this Agreement to
     be the lesser of 60% or the percentage resulting by adding to your SERP
     Percentage immediately prior thereto the product obtained by multiplying 4%
     by the number of Years which would then have to elapse prior to your
     attainment of age 65, and (ii) your Vested Percentage, if not already 100%,
     shall be deemed for all purposes of this Agreement to be 100%.

<PAGE>

                                    Page 12                      October 2, 2000

          (2) If the Deferred Compensation Trust has theretofore been
     established or is established within thirty days after the Change in
     Control, the Company shall forthwith deposit to an account in your name (or
     that of your Surviving Spouse if you are then deceased and your Surviving
     Spouse is entitled to benefits hereunder) in the Deferred Compensation
     Trust 110% of the sum of the Gross-Up Amount plus:

               (A) If you are then employed by the Company, an amount equal to
          the discounted Present Value of the benefits which would have been
          payable under paragraphs 1 and 2 of this Agreement upon Retirement at
          age 65 or attained age if greater, assuming for purposes of this
          clause, no compensation increases and that if younger than age 65 you
          and your Surviving Spouse had attained such age;

               (B) If employment has previously been terminated but you or your
          Surviving Spouse is then entitled in the future to receive benefits
          under paragraph 4 of this Agreement, an amount equal to the discounted
          Present Value of the benefits which would have been payable under such
          paragraph;

               (C) If you or your Surviving Spouse is then receiving payments
          under paragraphs 1, 2, 4, 5 or 7 of this Agreement, an amount equal to
          the Present Value of those benefits payable in the future to you and
          your Surviving Spouse; and

               (D) If you are then receiving payments under paragraph 6 of this
          Agreement, an amount equal to the Present Value of the benefits which
          would have been payable under paragraphs 6 and 7 on the assumption you
          would have continued to receive benefits under paragraph 6 until you
          had attained age 65 and thereafter continued to receive benefits as
          though you were deemed to have retired.

<PAGE>

                                    Page 13                      October 2, 2000

          (3) The Company shall thereafter be obligated to provide such
     supplemental medical insurance as has theretofore in the discretion of the
     Company been generally provided to participants and their Surviving Spouses
     under the Plan (A) to you and your Surviving Spouse if you or your
     Surviving Spouse is then receiving benefits under paragraph 3, (B) to you
     and your Surviving Spouse if you become Disabled if you are employed by the
     Company at the time of the Change in Control, (C) to your Surviving Spouse
     upon your death if you are employed by the Company at the time of the
     Change in Control and (D) to you and your Surviving Spouse upon any
     termination of employment following any Change in Control but only during
     the periods when you and your Surviving Spouse are not covered by another
     medical insurance program substantially all of the cost of which is paid by
     another employer. The obligations of the Company under this clause (i)(3)
     shall remain in effect for the lifetime of both you and your Surviving
     Spouse.

          (4) If the Deferred Compensation Trust is not established prior to or
     within thirty days after the Change in Control, all payments which would
     have otherwise have been made to you or your Surviving Spouse from the
     Deferred Compensation Trust shall immediately after such thirty day period
     be made to you or your Surviving Spouse by the Company.

     (ii) Any deposit by the Company to an account in your name or that of your
Surviving Spouse in the Deferred Compensation Trust prior to the occurrence of
the Change in Control, together with all income then accrued thereon (but only
to the extent of the value of such deposited amount and the income accrued
thereon on the day of any deposit under clause (i)(2) of this paragraph 10),
shall reduce by an equal amount the obligations of the Company to make the
deposit required under clause (i)(2) of this paragraph 10.

     (iii) At or prior to making the deposit required by clause (i)(2) of this
paragraph 10, the Company shall deliver to the Trustee under the Deferred
Compensation Trust a certificate specifying that portion, if any, of the amount
in the trust account, after giving effect to the deposit, which is represented
by the Gross-Up Amount. Payment of 90.91% of the

<PAGE>

                                    Page 14                      October 2, 2000

amount required by clause (i)(2) of this paragraph 10 to be paid to the trust
account, together with any income accrued thereon from the date of the Change in
Control, is to be made to you or your Surviving Spouse, as applicable, under the
terms of the Deferred Compensation Trust, at the earlier of (1) immediately upon
a Change in Control if you then are deceased or have attained age 65 or are
Disabled, (2) your death subsequent to the Change in Control, or (3) the date
which is one year after the Change in Control; provided, however, that the
Trustee under the Deferred Compensation Trust is required promptly to pay to you
or your Surviving Spouse, as applicable, from the trust account from time to
time amounts, not exceeding in the aggregate the Gross-Up Amount, upon your or
your Surviving Spouse's certification to the Trustee that the amount to be paid
has been or within 60 days will be paid by you or your Surviving Spouse to a
Federal, state or local taxing authority as a result of the Change in Control
and the imposition of the excise tax under Section 4999 of the Code (or any
successor provision) on the receipt of any portion of the Gross-Up Amount. All
amounts in excess of the amount required to be paid from the trust account by
the preceding sentence, after all expenses of the Deferred Compensation Trust
have been paid, shall revert to the Company provided that the Company has
theretofore expressly affirmed its continuing obligations under clause (i)(3) of
this Paragraph 10.

     (iv) Subject to the next sentence of this clause (iv), the payment of the
Gross-Up Amount to you or your Surviving Spouse or the account in your or your
Surviving Spouse's name in the Deferred Compensation Trust will thereby
discharge the Company from any obligations it may have under any present or
future stock option or stock award plan, retirement plan or otherwise, to make
any other payment as a result of your income becoming subject to the excise tax
imposed by Section 4999 of the Code (or any successor provision) or any interest
or penalties with respect to such excise tax. As a result of the uncertainty
which will be present in the application of Section 4999 of the Code (or any
successor provision) at the time of the determination of the Gross-Up Amount and
the possibility that between the date of determination of the Gross-Up Amount
and the dates payments are to be made to you or your Surviving Spouse under this
Agreement, changes in applicable tax laws will result

<PAGE>

                                    Page 15                      October 2, 2000

in an incorrect determination of the Gross-Up Amount having been made, it is
possible that (1) payment of a portion of the Gross-Up Amount will not have been
made by the Company which should have been made (an "Underpayment"), or (2)
payment of a portion of the Gross-Up Amount will have been made which should not
have been made (an "Overpayment"), consistent with the calculations required to
be made hereunder. In the event of an Underpayment, such Underpayment shall be
promptly paid by the Company to or for your benefit. In the event that you or
your Surviving Spouse discover that an Overpayment shall have occurred, the
amount thereof shall be promptly repaid by you or your Surviving Spouse to the
Company.

     (v) Prior to the occurrence of a Change in Control, any deposits made by
the Company to an account in the Deferred Compensation Trust may be withdrawn by
the Company. Upon the occurrence of a Change in Control, all further obligations
of the Company under this Agreement (other than under this Paragraph 10 to the
extent not theretofore performed) shall terminate in all respects.

     11. We also agree upon the following:

          a. Prior to the occurrence of a Change in Control, the Compensation
     Committee of the Company's Board of Directors, or any other committee
     however titled which shall be vested with authority with respect to the
     compensation of the Company's officers and executives (in either case, the
     "Committee"), shall have the exclusive authority to make all determinations
     which may be necessary in connection with this Agreement including the
     dates of and whether you are or continue to be Disabled, the amount of
     annual benefits payable hereunder by reason of offsets hereunder due to
     employment by other employers, the interpretation of this Agreement, and
     all other matters or disputes arising under this Agreement. The
     determinations and findings of the Committee shall be conclusive and
     binding, without appeal, upon both of us.

          b. You will not during your employment or Disability, and after
     Retirement or the termination of your employment, for any reason disclose
     or make use of for your

<PAGE>

                                    Page 16                      October 2, 2000

     own or another person's benefit under any circumstances any of the
     Company's Proprietary Information. Proprietary Information shall include
     trade secrets, secret processes, information concerning products,
     developments, manufacturing techniques, new product or marketing plans,
     inventions, research and development information or results, sales, pricing
     and financial data, information relating to the management, operations or
     planning of the Company and any other information treated as confidential
     or proprietary.

          c. You agree that you will not following your termination of
     employment for any reason (whether on Retirement, Disability or termination
     prior to attaining age 65) thereafter directly or indirectly engage in any
     business activities, whether as a consultant, advisor or otherwise, in
     which the Company is engaged in any geographic area in which the products
     or services of the Company have been sold, distributed or provided during
     the five year period prior to the date of your termination of employment.
     In light of ongoing payments to be received by you and your Surviving
     Spouse for your respective lives, the restrictions contained in the
     preceding sentence shall be unlimited in duration provided no Change in
     Control has occurred and, in the event of a Change in Control, all such
     restrictions shall terminate one year thereafter.

          In addition to the foregoing and provided no Change in Control has
     occurred, if while you or your Surviving Spouse is receiving retirement or
     other benefits pursuant to this Agreement, in the judgment of the Committee
     you or your Surviving Spouse directly or indirectly engage in activity or
     act in a manner which can be considered adverse to the interest of the
     Company or any of its direct or indirect subsidiaries or affiliated
     companies, the Committee may terminate rights to any further benefits
     hereunder.

          d. Except as may be provided to the contrary in a duly authorized
     written agreement between you and the Company you acknowledge that the
     Company has made no commitments to you of any kind with respect to the
     continuation of your employment, which we expressly agree

<PAGE>

                                    Page 17                      October 2, 2000

     is an employment at will, and you or the Company shall have the
     unrestricted right to terminate your employment with or without cause, at
     any time in your or its discretion.

          e. At the Company's request, expressed through a Company officer, you
     agree to provide such information with respect to matters which may arise
     in connection with this Agreement as may be deemed necessary by the Company
     or the Committee, including for example only and not in limitation,
     information concerning benefits payable to you from third parties, and you
     further agree to submit to such medical examinations by duly licensed
     physicians as may be requested by the Company from time to time. You also
     agree to direct third parties to provide such information, and your
     Surviving Spouse's cooperation in providing such information is a condition
     to the receipt of survivor's benefits under this Agreement.

          f. To the extent permitted by law, no interest in this Agreement or
     benefits payable to you or to your Surviving Spouse shall be subject to
     anticipation, or to pledge, assignment, sale or transfer in any manner nor
     shall you or your Surviving Spouse have the power in any manner to charge
     or encumber such interest or benefits, nor shall such interest or benefits
     be liable or subject in any manner for the liabilities of you or your
     Surviving Spouse's debts, contracts, torts or other engagements of any
     kind.

          g. No person other than you and your Surviving Spouse shall have any
     rights or property interest of any kind whatsoever pursuant to this
     Agreement, and neither you nor your Surviving Spouse shall have any rights
     hereunder other than those expressly provided in this Agreement. Upon the
     death of you and your Surviving Spouse no further benefits of whatsoever
     kind or nature shall accrue or be payable pursuant to this Agreement.

          h. All benefits payable pursuant to this Agreement, other than
     pursuant to paragraph 10, shall be paid in installments of one-twelfth of
     the annual benefit, or at such shorter intervals as may be deemed advisable
     by the

<PAGE>

                                    Page 18                      October 2, 2000

     Company in its discretion, upon receipt of your or your Surviving Spouse's
     written application, or by the applicant's personal representative in the
     event of any legal disability.

          i. Except as provided in paragraph 10, all benefits under this
     Agreement shall be payable from the Company's general assets, which assets
     (including all funds in the Deferred Compensation Trust) are subject to the
     claims of the Company's general creditors, and are not set aside for your
     or your Surviving Spouse's benefit.

          j. You agree that, if the Company establishes the Deferred
     Compensation Trust, the Company is entitled at any time prior to a Change
     in Control to revoke such trust and withdraw all funds theretofore
     deposited in such trust. You acknowledge that although this Agreement
     refers from time to time to your or your Surviving Spouse's trust account,
     no separate trust will be created and all assets of any Deferred
     Compensation Trust will be commingled.

          k. This Agreement shall be governed by the laws of the State of
     Michigan.

     12. We have agreed that the determinations of the Committee described in
paragraph 11a shall be conclusive as provided in such paragraph, but if for any
reason a claim is asserted which subverts the provisions of paragraph 11a, we
agree that, except for causes of action which may arise under paragraph 11b and
the first paragraph of paragraph 11c and provided no Change in Control has
occurred, arbitration shall be the sole and exclusive remedy to resolve all
disputes, claims or controversies which could be the subject of litigation
(hereafter referred to as "dispute") involving or arising out of this Agreement.
It is our mutual intention that the arbitration award will be final and binding
and that a judgment on the award may be entered in any court of competent
jurisdiction and enforcement may be had according to its terms.

     The arbitrator shall be chosen in accordance with the commercial
arbitration rules of the American Arbitration Association and the expenses of
the arbitration shall be borne

<PAGE>

                                    Page 19                      October 2, 2000

equally by the parties to the dispute. The place of the arbitration shall be the
principal offices of the American Arbitration Association in the metropolitan
Detroit area.

     The arbitrator's sole authority shall be to apply the clauses of this
Agreement.

     We agree that the provisions of this paragraph 12, and the decision of the
arbitrator with respect to any dispute, with only the exceptions provided in the
first paragraph of this paragraph 12, shall be the sole and exclusive remedy for
any alleged cause of action in any manner based upon or arising out of this
Agreement. Subject to the foregoing exceptions, we acknowledge that since
arbitration is the exclusive remedy, neither of us or any party claiming under
this Agreement has the right to resort to any federal, state or local court or
administrative agency concerning any matters dealt with by this Agreement and
that the decision of the arbitrator shall be a complete defense to any action or
proceeding instituted in any tribunal or agency with respect to any dispute. The
arbitration provisions contained in this paragraph shall survive the termination
or expiration of this Agreement, and shall be binding on our respective
successors, personal representatives and any other party asserting a claim based
upon this Agreement.

     We further agree that any demand for arbitration must be made within one
year of the time any claim accrues which you or any person claiming hereunder
may have against the Company; unless demand is made within such period, it is
forever barred.

<PAGE>

                                    Page 20                      October 2, 2000

     We are pleased to be able to make this supplemental plan available to you.
Please examine the terms of this Agreement carefully and at your earliest
convenience indicate your assent to all of its terms and conditions by signing
and dating where provided below and returning a signed copy to me.

                                        Sincerely,

                                        MASCO CORPORATION

                                        By
                                           -------------------------------------
                                           Richard A. Manoogian
                                           Chief Executive Officer

DATE:
      -------------------

<PAGE>

                                                       Form for: Timothy Wadhams

                                     [Date]

Dear          :

     Our Company's Board of Directors has adopted a plan whereby supplemental
retirement and other benefits, in addition to those provided under the Company's
pension and other benefit plans, will be made available to those Company and
subsidiary executives as may be designated from time to time by the Company's
Chief Executive Officer. The plan providing such benefits, as originally made
available to designated executives in 1987 and as subsequently amended from time
to time heretofore or in the future, is referred to in this letter as the
"Plan". You are currently a participant in a similar plan maintained by
Metaldyne Corporation (formerly known as MascoTech, Inc.) ("Metaldyne") upon the
terms of a letter agreement signed by you and dated November 21, 2000 as
modified by paragraph 6 of an employment, release and consulting agreement ("the
November 22 Agreement") dated November 22, 2000 (such plan as so modified
referred to herein as the "Existing Agreement"). Concurrently with your
execution of this Agreement you have waived and released Metaldyne Corporation
from all rights to which you were previously entitled under the Existing
Agreement. The agreements contained in this letter, once accepted by you,
establish your participation in the Plan as of the date hereof and describe in
full your benefits pursuant to the Plan and all of the Company's obligations to
you, and yours to the Company with respect to the Plan. These benefits as
described below are contractual obligations of the Company.

     For the purposes of this Agreement, words and terms are defined as follows:

          a. "Average Compensation" shall mean the aggregate of your highest
     three year's total annual cash compensation paid to you by the Company,
     consisting of (i) base salaries and (ii) regular year-end cash bonuses paid
     with respect to the years in which such salaries are paid (the bonus with
     respect to any such year, however, only to be included in an amount not in
     excess of 60% of the base salary in effect at the end

<PAGE>

                                     Page 2

     of such year), divided by three, provided, however, (x) if any portion of a
     bonus is excluded by the parenthetical contained in clause (ii) above, the
     total amount excluded will be added to one or both of the other two years
     included in the calculation as long as the amount so added does not result
     in a bonus with respect to any year exceeding 60% of the base salary in
     effect at the end of that year, and (y) if you have on the date of
     determination less than three full years of employment the foregoing
     calculation, including any adjustment required by clause (x) above, shall
     be based on the average base salaries and regular year-end cash bonuses
     paid to you while so employed.

          b. A "Change in Control" shall be deemed to have occurred if, during
     any period of twenty-four consecutive calendar months, the individuals who
     at the beginning of such period constitute the Company's Board of
     Directors, and any new directors (other than Excluded Directors) whose
     election by such Board or nomination for election by stockholders was
     approved by a vote of at least two-thirds of the members of such Board who
     were either directors on such Board at the beginning of the period or whose
     election or nomination for election as directors was previously so
     approved, for any reason cease to constitute at least a majority of the
     members thereof. Excluded Directors are directors whose election by the
     Board or approval by the Board for stockholder election occurred within one
     year after any "person" or "group of persons" as such terms are used in
     Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 commencing
     a tender offer for, or becoming the beneficial owner of, voting securities
     representing 25 percent or more of the combined voting power of all
     outstanding voting securities of the Company, other than pursuant to a
     tender offer approved by the Board prior to its commencement or pursuant to
     stock acquisitions approved by the Board prior to their representing 25
     percent or more of such combined voting power.

          c. "Code" means the Internal Revenue Code of 1986, as amended.

          d. "Company" shall mean Masco Corporation or any corporation in which
     Masco Corporation owns directly or indirectly stock possessing in excess of
     50% of the total combined voting power of all classes of stock.

          e. The "Deferred Compensation Trust" shall mean any trust created by
     the Company to receive the deposit referred to in clause (2) of paragraph
     10.

<PAGE>

                                     Page 3

          f. "Disability" and "Disabled" shall mean your being unable to perform
     your duties as a Company executive by reason of your physical or mental
     condition, prior to your attaining age 65, provided that you have been
     employed by the Company for two consecutive Years or more at the time you
     first became Disabled.

          g. The "Gross-Up Amount" (i) shall be determined if any payment or
     distribution by the Company to or for your benefit, whether paid,
     distributed, payable or distributed or distributable pursuant to the terms
     of this Agreement, any stock option or stock award plan, retirement plan or
     otherwise (such payment or distribution, other than an Excise Tax
     Adjustment Payment under clause (ii), is referred to herein as a
     "Payment"), would be subject to the excise tax imposed by Section 4999 of
     the Code (or any successor provision) or any interest or penalties with
     respect to such excise tax (such excise tax together with any such interest
     or penalties are referred to herein as the "Excise Tax"), and (ii) shall
     mean an additional payment (the "Excise Tax Adjustment Payment") in an
     amount such that after subtracting from the Excise Tax Adjustment Payment
     your payment of all applicable Federal, state and local taxes (computed at
     the maximum marginal rates and including any interest or penalties imposed
     with respect to such taxes), including any Excise Tax imposed upon the
     Excise Tax Adjustment Payment, the balance will be equal to the Excise Tax
     imposed upon the Payments. All determinations required to be made with
     respect to the "Gross-Up Amount", including whether an Excise Tax
     Adjustment Payment is required and the amount of such Excise Tax Adjustment
     Payment, shall be made by PricewaterhouseCoopers LLP, or such national
     accounting firm as the Company may designate prior to a Change in Control,
     which shall provide detailed supporting calculations to the Company and
     you. Except as provided in clause (iv) of paragraph 10, all such
     determinations shall be binding upon you and the Company.

          h. "PBGC" shall mean the Pension Benefit Guaranty Corporation.

          i. "Present Value" of future benefits means the discounted present
     value of those benefits (including therein the benefits, if any, your
     Surviving Spouse would be entitled to receive under this Agreement upon
     your death), using the UP-1984 Mortality Table and discounted by the
     interest rate used, for purposes of determining the present value of a lump
     sum distribution on plan termination, by the PBGC on the

<PAGE>

                                     Page 4

     first day of the month which is (i) four months prior to the month in which
     a Change in Control occurs or (ii) the month in which your death occurs if
     the Present Value is being calculated under the proviso in the last
     sentence of paragraph 4 (or if the PBGC has ceased publishing such interest
     rate, such other interest rate as the Board of Directors deems is an
     appropriate substitute). The above PBGC interest rate is intended to be
     determined based on PBGC methodology and regulations in effect on September
     1, 1993 (as contained in 29 CFR Part 2619).

          j. "Profit Sharing Conversion Factor" shall be a factor equal to the
     present value of a life annuity payable at the later of age 65 or attained
     age based on the 1983 Group Annuity Mortality Table using a blend of 50% of
     the male mortality rates and 50% of the female mortality rates as set forth
     in Revenue Ruling 95-6 (or such other mortality table that the Internal
     Revenue Service may prescribe in the future) and an interest rate equal to
     the average yield for 30-year Treasury Constant Maturities, as reported in
     Federal Reserve Statistical Releases G.13 and H.15, four months prior to
     the month of the date of determination (or, if such interest rate ceases to
     be so reported, such other interest rate as the Board of Directors deems is
     an appropriate substitute).

          k. "Retirement" shall mean your termination of employment with the
     Company, on or after you attain age 65. Your acting as a consultant shall
     not be considered employment.

          l. "SERP Percentage" of your Average Compensation is 60%.

          m. "Surviving Spouse" shall be the person to whom you shall be legally
     married (under the law of the jurisdiction of your permanent residence) at
     the date of (i) your Retirement or death after attaining age 65 (if death
     terminated employment with the Company) for the purposes of paragraphs 1, 2
     and 3, (ii) your death for the purposes of paragraph 5 and, if paragraph 5
     is applicable, for the purposes of paragraph 3,(iii) the commencement of
     your Disability for the purposes of paragraphs 6 and 7 and, as long as
     paragraphs 6 or 7 are applicable, for the purposes of paragraph 3, (iv)
     your termination of employment for the purposes of paragraph 4 and, if
     paragraph 4 is applicable, for purposes of paragraph 3 and (v) a "Change in
     Control" for the purposes of paragraph 10 if none of clauses (i) through
     (iv) has become applicable prior to the Change in Control and, if this
     clause (v) is

<PAGE>

                                     Page 5

     applicable, for purposes of paragraph 3. For the purposes of paragraphs
     11a, 11e, 11f, 11g, 11h, 11i and 11j, "Surviving Spouse" shall be any
     spouse entitled to any benefits hereunder.

          n. If you become Disabled, "Total Compensation" shall mean 160% of
     your annual base salary rate at the time of your Disability.

          o. "Vested Percentage" shall mean 100%.

          p. "Year" shall mean twelve full consecutive months, and "year" shall
     mean a calendar year.

          q. "Years of Service" shall mean the number of Years during which you
     were employed by the Company (including Years of Service for the time you
     were employed by Metaldyne and its predecessors but excluding Years of
     Service with any other corporation prior to the time it became a subsidiary
     of or otherwise affiliated with Masco Corporation).

     1. In accordance with the Plan, upon your Retirement the Company will pay
you annually during your lifetime, subject to paragraph 8 below, the SERP
Percentage of your Average Compensation, less: (i) a sum equal to the annual
benefit which would be payable to you upon your Retirement if benefits payable
to you under the Company funded qualified pension plans and the defined benefit
(pension) plan provisions of the Company's Retirement Benefits Restoration Plan
and any similar plan were converted to a life annuity, or if you are married
when you retire, to a 50% joint and spouse survivor life annuity, (ii) a sum
equal to the annual benefit which would be payable to you upon Retirement if
your vested accounts in the Company's qualified defined contribution plans
(excluding your contributions and earnings thereon in the Company's 401(k)
Savings Plan) and the defined contribution (profit sharing) provisions of the
Company's Retirement Benefits Restoration Plan and any similar plan were
converted to a life annuity in accordance with the Profit Sharing Conversion
Factor, and (iii) any retirement benefits paid or payable to you by reason of
employment by all other employers (the amount of such deduction, in the case of
benefits paid or payable other than on an annual basis, to be determined on an
annualized basis by the Committee referred to in paragraph 11 and excluding from
such deduction any portion thereof, and earnings thereon, determined by such
Committee to have been contributed by you rather than such other employers);
provided, however, in all cases the amount offset pursuant to these subsections
(i), (ii) and (iii) shall be determined prior to the effect of any payments from
the

<PAGE>

                                     Page 6

plans and trusts referred to therein which are authorized pursuant to any
Qualified Domestic Relations Order under ERISA, or other comparable order
allocating marital or other rights under state law as applied to retirement
benefits from non-qualified plans.

     2. Upon your death after Retirement or while employed by the Company after
attaining age 65, your Surviving Spouse shall receive for life 75% of the annual
benefit pursuant to paragraph 1 of this Agreement which was payable to you prior
to your death (or, if death terminated employment after attaining age 65, which
would have been payable to you had your Retirement occurred immediately prior to
your death).

     3. The Company will provide, purchase or at its option provide
reimbursement for premiums paid for such supplemental medical insurance as the
Company in its sole discretion may deem advisable from time to time (i) for you
and your Surviving Spouse for the lifetime of each of you (A) following a
termination of your employment with the Company due to Retirement or Disability,
and (B) following any other termination of employment with the Company provided
you and your Surviving Spouse are not covered by another medical insurance
program substantially all of the cost of which is paid by another employer and
(ii) for your Surviving Spouse for his or her lifetime upon a termination of
your employment with the Company due to your death. In addition to the
foregoing, the Company guarantees the performance by Metaldyne of its
obligations under clause (ii) of paragraph 4(b) of the November 22 Agreement.

     4. If your employment with the Company is for any reason terminated prior
to Retirement, other than as a result of circumstances described in paragraphs
2, 5 or 6 of this Agreement or following a Change in Control, and if prior to
the date of termination you have completed 5 or more Years of Service, upon your
attaining age 65 the Company will pay to you annually during your lifetime,
subject to paragraph 8 below, the Vested Percentage of the result obtained by
(1) multiplying your SERP Percentage at the date your employment terminated by
your Average Compensation, less (2) the sum of the following: (i) a sum equal to
the annual benefit which would be payable to you upon your attaining age 65 if
benefits payable to you under the Company and Metaldyne funded qualified pension
plans and the defined benefit (pension) plan provisions of the Company's and
Metaldyne's Retirement Benefits Restoration Plan and any similar plan were
converted to a life annuity, or if you are married when you attain age 65, to a
50% joint and spouse survivor life annuity, (ii) a sum equal to the annual
benefit which would be payable to you upon your attaining age 65 if an amount
equal to your vested accounts at the date of

<PAGE>

                                     Page 7

your termination of employment with the Company in the Company's and Metaldyne's
qualified defined contribution plans (excluding your contributions and earnings
thereon in the Company's 401(k) Savings Plan) and the defined contribution
(profit sharing) provisions of the Company's and Metaldyne's Retirement Benefits
Restoration Plan and any similar plan (in each case increased from the date of
termination to age 65 at the imputed rate of 4% per annum) were converted to a
life annuity in accordance with the Profit Sharing Conversion Factor, and (iii)
to the extent the annual payments described in this clause (iii) and the annual
payments you would otherwise be entitled to receive under this paragraph 4
would, in the aggregate exceed (the "excess amount") the annual payments you
would have received under paragraph 1 had you remained employed by the Company
until Retirement (assuming for purposes of this clause no compensation
increases), any retirement benefits paid or payable to you by reason of
employment by all other previous or future employers (other than Metaldyne), but
only to the extent of such excess amount (the amount of such deduction, in the
case of benefits paid or payable other than on an annual basis, to be determined
on an annualized basis by the Committee referred to in paragraph 11 and
excluding from such deduction any portion thereof, and earnings thereon,
determined by such Committee to have been contributed by you rather than your
prior or future employers); provided, however, in all cases the amount offset
pursuant to these subsections (i), (ii) and (iii) shall be determined prior to
the effect of any payments from the plans and trusts referred to therein which
are authorized pursuant to any Qualified Domestic Relations Order under ERISA,
or other comparable order allocating marital or other rights under state law as
applied to retirement benefits from non-qualified plans. Upon your death on or
after age 65 should you be survived by your Surviving Spouse, your Surviving
Spouse shall receive for life, commencing upon the date of your death, 75% of
the annual benefit payable to you under the preceding sentence following your
attainment of age 65; provided, further, if your death should occur prior to age
65, your Surviving Spouse shall receive for life, commencing upon the date of
your death, 75% of the annual benefit which would have been payable to you under
the preceding sentence following your attainment of age 65, reduced by a factor
of actuarial equivalence as determined by the Committee, such that the Present
Value of the aggregate payments to be received by your Surviving Spouse based on
his or her life expectancy as of the date of your death is equal to the Present
Value, determined at the date of your death, of the aggregate payments estimated
to be received by your Surviving Spouse based on his or her life expectancy at
an age, and as if your Surviving Spouse had begun receiving payments, when you
would have attained age 65.

<PAGE>

                                     Page 8

     5. If while employed by the Company you die prior to your attaining age 65
leaving a Surviving Spouse, and provided you shall have been employed by the
Company for two consecutive Years or more, your Surviving Spouse shall receive
annually for life, subject to paragraph 8 below, 75% of the SERP Percentage of
your Average Compensation, less: (i) a sum equal to the annual benefit which
would be payable to your Surviving Spouse under the Company funded qualified
pension plans and the defined benefit (pension) plan provisions of the Company's
Retirement Benefits Restoration Plan and any similar plan if such benefit were
converted to a life annuity (such deduction, however, only to commence on the
date such benefit is first payable), (ii) a sum equal to the annual payments
which would be received by your Surviving Spouse as if your spouse were
designated as the beneficiary of your vested accounts in the Company's qualified
defined contribution plans (excluding your contributions and earnings thereon in
the Company's 401(k) Savings Plan) and the defined contribution (profit sharing)
provisions of the Company's Retirement Benefits Restoration Plan and any similar
plan and such accounts were converted to a life annuity at the time of your
death in accordance with the Profit Sharing Conversion Factor, and (iii) any
retirement benefits paid or payable to you or your Surviving Spouse by reason of
your employment by all other employers (the amount of such deduction, in the
case of benefits paid or payable other than on an annual basis, to be determined
on an annualized basis by the Committee referred to in paragraph 11 and
excluding from such deduction any portion thereof, and earnings thereon,
determined by such Committee to have been contributed by you rather than such
other employers); provided, however, in all cases the amount offset pursuant to
these subsections (i),(ii) and (iii) shall be determined prior to the effect of
any payments from the plans and trusts referred to therein which are authorized
pursuant to any Qualified Domestic Relations Order under ERISA, or other
comparable order allocating marital or other rights under state law as applied
to retirement benefits from non-qualified plans. No death benefits are payable
except to your Surviving Spouse.

     6. If you shall have been employed by the Company for two Years or more and
while employed by the Company you become Disabled prior to your attaining age
65, until the earlier of your death, termination of Disability or attaining age
65 the Company will pay you an annual benefit, subject to paragraph 8 below,
equal to 60% of your Total Compensation less any benefits payable to you
pursuant to long-term disability insurance under programs provided by the
Company. If your Disability continues until you attain age 65, you shall be
considered retired and you shall receive retirement benefits pursuant to
paragraph 1 above, based upon your

<PAGE>

                                     Page 9

Average Compensation as of the date it is determined you became Disabled.

     7. If you die leaving a Surviving Spouse while receiving Disability
benefits pursuant to paragraph 6 of this Agreement, you will be deemed to have
retired on your death and your Surviving Spouse shall receive for life 75% of
the annual benefit which would have been payable to you if you had retired on
the date of your death and your benefit determined pursuant to paragraph 1,
based upon your Average Compensation as of the date you became Disabled.

     8. If the age of your Surviving Spouse is more than 20 years younger than
your age, then the annual benefit payable under paragraphs 1, 4, 5 and 6 of this
Agreement and the benefit payable as "the SERP Percentage of your Average
Compensation", as that phrase is used in paragraph 5 of this Agreement, shall be
reduced by the percentage obtained by multiplying 1.5% times the number of Years
or portion thereof by which your Surviving Spouse is more than 20 years younger
than you.

     9. If you or your Surviving Spouse is eligible to receive benefits
hereunder, unless otherwise specifically agreed by the Company in writing, you
and your Surviving Spouse will not be able to receive benefits under any other
Company sponsored non-qualified retirement plans other than the Company's
Retirement Benefits Restoration Plan. For this purpose benefits received under
the Company's non-qualified stock option or stock award plans will not be
considered to have been received under a Company sponsored non-qualified
retirement plan even though such benefits are received after retirement. Except
as provided in the last sentence of paragraph 3, the last sentence of paragraph
4 and in paragraph 10 of this Agreement, no benefits will be paid to your
Surviving Spouse pursuant to this Agreement unless upon your death you were
employed by the Company, Disabled or had taken Retirement from the Company.

     10. Change in Control. (i) Immediately upon the occurrence of any Change in
Control:

          (1) If you are then employed by the Company, your Vested Percentage,
     if not already 100%, shall be deemed for all purposes of this Agreement to
     be 100%.

          (2) If the Deferred Compensation Trust has theretofore been
     established or is established within thirty days after the Change in
     Control, the Company shall forthwith deposit to an account in your name (or
     that of your Surviving Spouse if you are then deceased and your Surviving
     Spouse is entitled to

<PAGE>

                                    Page 10

     benefits hereunder) in the Deferred Compensation Trust 110% of the sum of
     the Gross-Up Amount plus:

               (A) If you are then employed by the Company, an amount equal to
          the discounted Present Value of the benefits which would have been
          payable under paragraphs 1 and 2 of this Agreement upon Retirement at
          age 65 or attained age if greater, assuming for purposes of this
          clause, no compensation increases and that if younger than age 65 you
          and your Surviving Spouse had attained such age;

               (B) If employment has previously been terminated but you or your
          Surviving Spouse is then entitled in the future to receive benefits
          under paragraph 4 of this Agreement, an amount equal to the discounted
          Present Value of the benefits which would have been payable under such
          paragraph;

               (C) If you or your Surviving Spouse is then receiving payments
          under paragraphs 1, 2, 4, 5 or 7 of this Agreement, an amount equal to
          the Present Value of those benefits payable in the future to you and
          your Surviving Spouse; and

               (D) If you are then receiving payments under paragraph 6 of this
          Agreement, an amount equal to the Present Value of the benefits which
          would have been payable under paragraphs 6 and 7 on the assumption you
          would have continued to receive benefits under paragraph 6 until you
          had attained age 65 and thereafter continued to receive benefits as
          though you were deemed to have retired.

          (3) The Company shall thereafter be obligated to provide such
     supplemental medical insurance as has theretofore in the discretion of the
     Company been generally provided to participants and their Surviving Spouses
     under the Plan (after giving effect to the last sentence of paragraph 3 and
     the provisions of clause (ii) of paragraph 4(b) of the November 22
     Agreement)(A) to you and your Surviving Spouse if you or your Surviving
     Spouse is then receiving benefits under paragraph 3, (B) to you and your
     Surviving Spouse if you become Disabled if you are employed by the Company
     at the time of the Change in Control, (C) to your Surviving Spouse upon
     your death if you are employed by the Company at the time of the Change in
     Control and (D) to you and your Surviving Spouse upon any termination of
     employment following

<PAGE>

                                    Page 11

     any Change in Control but only during the periods when you and your
     Surviving Spouse are not covered by another medical insurance program
     substantially all of the cost of which is paid by another employer. The
     obligations of the Company under this clause (i)(3) shall remain in effect
     for the lifetime of both you and your Surviving Spouse.

          (4) If the Deferred Compensation Trust is not established prior to or
     within thirty days after the Change in Control, all payments which would
     have otherwise have been made to you or your Surviving Spouse from the
     Deferred Compensation Trust shall immediately after such thirty day period
     be made to you or your Surviving Spouse by the Company.

     (ii) Any deposit by the Company to an account in your name or that of your
Surviving Spouse in the Deferred Compensation Trust prior to the occurrence of
the Change in Control, together with all income then accrued thereon (but only
to the extent of the value of such deposited amount and the income accrued
thereon on the day of any deposit under clause (i)(2) of this paragraph 10),
shall reduce by an equal amount the obligations of the Company to make the
deposit required under clause (i)(2) of this paragraph 10.

     (iii) At or prior to making the deposit required by clause (i)(2) of this
paragraph 10, the Company shall deliver to the Trustee under the Deferred
Compensation Trust a certificate specifying that portion, if any, of the amount
in the trust account, after giving effect to the deposit, which is represented
by the Gross-Up Amount. Payment of 90.91% of the amount required by clause
(i)(2) of this paragraph 10 to be paid to the trust account, together with any
income accrued thereon from the date of the Change in Control, is to be made to
you or your Surviving Spouse, as applicable, under the terms of the Deferred
Compensation Trust, at the earlier of (1) immediately upon a Change in Control
if you then are deceased or have attained age 65 or are Disabled, (2) your death
subsequent to the Change in Control, or (3) the date which is one year after the
Change in Control; provided, however, that the Trustee under the Deferred
Compensation Trust is required promptly to pay to you or your Surviving Spouse,
as applicable, from the trust account from time to time amounts, not exceeding
in the aggregate the Gross-Up Amount, upon your or your Surviving Spouse's
certification to the Trustee that the amount to be paid has been or within 60
days will be paid by you or your Surviving Spouse to a Federal, state or local
taxing authority as a result of the Change in Control and the imposition of the
excise tax under Section 4999 of the Code (or any successor provision) on the
receipt of any portion of the Gross-Up Amount. All amounts in excess of the

<PAGE>

                                    Page 12

amount required to be paid from the trust account by the preceding sentence,
after all expenses of the Deferred Compensation Trust have been paid, shall
revert to the Company provided that the Company has theretofore expressly
affirmed its continuing obligations under clause (i)(3) of this Paragraph 10.

     (iv) Subject to the next sentence of this clause (iv), the payment of the
Gross-Up Amount to you or your Surviving Spouse or the account in your or your
Surviving Spouse's name in the Deferred Compensation Trust will thereby
discharge the Company from any obligations it may have under any present or
future stock option or stock award plan, retirement plan or otherwise, to make
any other payment as a result of your income becoming subject to the excise tax
imposed by Section 4999 of the Code (or any successor provision) or any interest
or penalties with respect to such excise tax. As a result of the uncertainty
which will be present in the application of Section 4999 of the Code (or any
successor provision) at the time of the determination of the Gross-Up Amount and
the possibility that between the date of determination of the Gross-Up Amount
and the dates payments are to be made to you or your Surviving Spouse under this
Agreement, changes in applicable tax laws will result in an incorrect
determination of the Gross-Up Amount having been made, it is possible that (1)
payment of a portion of the Gross-Up Amount will not have been made by the
Company which should have been made (an "Underpayment"), or (2) payment of a
portion of the Gross-Up Amount will have been made which should not have been
made (an "Overpayment"), consistent with the calculations required to be made
hereunder. In the event of an Underpayment, such Underpayment shall be promptly
paid by the Company to or for your benefit. In the event that you or your
Surviving Spouse discover that an Overpayment shall have occurred, the amount
thereof shall be promptly repaid by you or your Surviving Spouse to the Company.

     (v) Prior to the occurrence of a Change in Control, any deposits made by
the Company to an account in the Deferred Compensation Trust may be withdrawn by
the Company. Upon the occurrence of a Change in Control, all further obligations
of the Company under this Agreement (other than under this Paragraph 10 to the
extent not theretofore performed) shall terminate in all respects.

     11. We also agree upon the following:

          a. Prior to the occurrence of a Change in Control, the Compensation
     Committee of the Company's Board of Directors, or any other committee
     however titled which shall be vested with authority with respect to the
     compensation of the Company's

<PAGE>

                                    Page 13

     officers and executives (in either case, the "Committee"), shall have the
     exclusive authority to make all determinations which may be necessary in
     connection with this Agreement including the dates of and whether you are
     or continue to be Disabled, the amount of annual benefits payable hereunder
     by reason of offsets hereunder due to employment by other employers, the
     interpretation of this Agreement, and all other matters or disputes arising
     under this Agreement. The determinations and findings of the Committee
     shall be conclusive and binding, without appeal, upon both of us.

          b. You will not during your employment or Disability, and after
     Retirement or the termination of your employment, for any reason disclose
     or make use of for your own or another person's benefit under any
     circumstances any of the Company's Proprietary Information. Proprietary
     Information shall include trade secrets, secret processes, information
     concerning products, developments, manufacturing techniques, new product or
     marketing plans, inventions, research and development information or
     results, sales, pricing and financial data, information relating to the
     management, operations or planning of the Company and any other information
     treated as confidential or proprietary.

          c. You agree that you will not following your termination of
     employment for any reason (whether on Retirement, Disability or termination
     prior to attaining age 65) thereafter directly or indirectly engage in any
     business activities, whether as a consultant, advisor or otherwise, in
     which the Company is engaged in any geographic area in which the products
     or services of the Company have been sold, distributed or provided during
     the five year period prior to the date of your termination of employment.
     In light of ongoing payments to be received by you and your Surviving
     Spouse for your respective lives, the restrictions contained in the
     preceding sentence shall be unlimited in duration provided no Change in
     Control has occurred and, in the event of a Change in Control, all such
     restrictions shall terminate one year thereafter.

          In addition to the foregoing and provided no Change in Control has
     occurred, if while you or your Surviving Spouse is receiving retirement or
     other benefits pursuant to this Agreement, in the judgment of the Committee
     you or your Surviving Spouse directly or indirectly engage in activity or
     act in a manner which can be considered adverse to the interest of the
     Company or any of its direct or indirect

<PAGE>

                                    Page 14

     subsidiaries or affiliated companies, the Committee may terminate rights to
     any further benefits hereunder.

          d. Except as may be provided to the contrary in a duly authorized
     written agreement between you and the Company you acknowledge that the
     Company has made no commitments to you of any kind with respect to the
     continuation of your employment, which we expressly agree is an employment
     at will, and you or the Company shall have the unrestricted right to
     terminate your employment with or without cause, at any time in your or its
     discretion.

          e. At the Company's request, expressed through a Company officer, you
     agree to provide such information with respect to matters which may arise
     in connection with this Agreement as may be deemed necessary by the Company
     or the Committee, including for example only and not in limitation,
     information concerning benefits payable to you from third parties, and you
     further agree to submit to such medical examinations by duly licensed
     physicians as may be requested by the Company from time to time. You also
     agree to direct third parties to provide such information, and your
     Surviving Spouse's cooperation in providing such information is a condition
     to the receipt of survivor's benefits under this Agreement.

          f. To the extent permitted by law, no interest in this Agreement or
     benefits payable to you or to your Surviving Spouse shall be subject to
     anticipation, or to pledge, assignment, sale or transfer in any manner nor
     shall you or your Surviving Spouse have the power in any manner to charge
     or encumber such interest or benefits, nor shall such interest or benefits
     be liable or subject in any manner for the liabilities of you or your
     Surviving Spouse's debts, contracts, torts or other engagements of any
     kind.

          g. No person other than you and your Surviving Spouse shall have any
     rights or property interest of any kind whatsoever pursuant to this
     Agreement, and neither you nor your Surviving Spouse shall have any rights
     hereunder other than those expressly provided in this Agreement. Upon the
     death of you and your Surviving Spouse no further benefits of whatsoever
     kind or nature shall accrue or be payable pursuant to this Agreement.

          h. All benefits payable pursuant to this Agreement, other than
     pursuant to paragraph 10, shall be paid in installments of one-twelfth of
     the annual benefit, or at such

<PAGE>

                                    Page 15

     shorter intervals as may be deemed advisable by the Company in its
     discretion, upon receipt of your or your Surviving Spouse's written
     application, or by the applicant's personal representative in the event of
     any legal disability.

          i. Except as provided in paragraph 10, all benefits under this
     Agreement shall be payable from the Company's general assets, which assets
     (including all funds in the Deferred Compensation Trust) are subject to the
     claims of the Company's general creditors, and are not set aside for your
     or your Surviving Spouse's benefit.

          j. You agree that, if the Company establishes the Deferred
     Compensation Trust, the Company is entitled at any time prior to a Change
     in Control to revoke such trust and withdraw all funds theretofore
     deposited in such trust. You acknowledge that although this Agreement
     refers from time to time to your or your Surviving Spouse's trust account,
     no separate trust will be created and all assets of any Deferred
     Compensation Trust will be commingled.

          k. This Agreement shall be governed by the laws of the State of
     Michigan.

     12. We have agreed that the determinations of the Committee described in
paragraph 11a shall be conclusive as provided in such paragraph, but if for any
reason a claim is asserted which subverts the provisions of paragraph 11a, we
agree that, except for causes of action which may arise under paragraph 11b and
the first paragraph of paragraph 11c and provided no Change in Control has
occurred, arbitration shall be the sole and exclusive remedy to resolve all
disputes, claims or controversies which could be the subject of litigation
(hereafter referred to as "dispute") involving or arising out of this Agreement.
It is our mutual intention that the arbitration award will be final and binding
and that a judgment on the award may be entered in any court of competent
jurisdiction and enforcement may be had according to its terms.

     The arbitrator shall be chosen in accordance with the commercial
arbitration rules of the American Arbitration Association and the expenses of
the arbitration shall be borne equally by the parties to the dispute. The place
of the arbitration shall be the principal offices of the American Arbitration
Association in the metropolitan Detroit area.

     The arbitrator's sole authority shall be to apply the clauses of this
Agreement.

<PAGE>

                                    Page 16

     We agree that the provisions of this paragraph 12, and the decision of the
arbitrator with respect to any dispute, with only the exceptions provided in the
first paragraph of this paragraph 12, shall be the sole and exclusive remedy for
any alleged cause of action in any manner based upon or arising out of this
Agreement. Subject to the foregoing exceptions, we acknowledge that since
arbitration is the exclusive remedy, neither of us or any party claiming under
this Agreement has the right to resort to any federal, state or local court or
administrative agency concerning any matters dealt with by this Agreement and
that the decision of the arbitrator shall be a complete defense to any action or
proceeding instituted in any tribunal or agency with respect to any dispute. The
arbitration provisions contained in this paragraph shall survive the termination
or expiration of this Agreement, and shall be binding on our respective
successors, personal representatives and any other party asserting a claim based
upon this Agreement.

     We further agree that any demand for arbitration must be made within one
year of the time any claim accrues which you or any person claiming hereunder
may have against the Company; unless demand is made within such period, it is
forever barred.

     We are pleased to be able to make this supplemental plan available to you.
Please examine the terms of this Agreement carefully and at your earliest
convenience indicate your assent to all of its terms and conditions by signing
and dating where provided below and returning a signed copy to me.

                                        Sincerely,

                                        MASCO CORPORATION

                                        By
                                           -------------------------------------
                                           Richard A. Manoogian
                                           Chief Executive Officer

DATE:
      ----------------

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