Document:

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                                                                   EXHIBIT 10.13

                                 SUPERVALU INC.

                           Deferred Compensation Plan

                                February 26, 1978

                     As amended effective November 22, 2002

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                                                                   EXHIBIT 10.13

                                 SUPERVALU INC.
                           Deferred Compensation Plan

Section 1. Establishment and Purpose

1.1     Establishment. SUPERVALU INC., a Delaware corporation, hereby
established, effective as of February 26, 1978, a deferred compensation plan for
key executive employees which shall be known as the "SUPERVALU INC., DEFERRED
COMPENSATION PLAN (hereinafter called the "Plan").

1.2     Purpose. The purpose of this Plan is to provide a means whereby amounts
payable by the Company to key personnel may be deferred to some future period.
It is also the purpose of this Plan to motivate such key personnel to continue
to make contributions to the growth and profits of the Company and its
Subsidiaries.

Section 2. Definitions

2.1     Definitions. Whenever used hereinafter, the following terms shall have
the meaning set forth below:
(a)     "Board" means the Board of Directors of the Company.
(b)     "Company" means SUPERVALU INC., a Delaware corporation.
(c)     "Director" means an individual who is a member of the Board.
(d)     "Employee" means a regular salaried key employee (including officers and
Directors who are also employees) of the Company or its Subsidiaries, or any
branch or division thereof.
(e)     "Participant" means any individual who meets the eligibility
requirements set forth in Section 3.1 of this Plan.
(f)     "Subsidiary" means any corporation, a majority of the voting stock of
which is directly or indirectly owned by the Company.
(g)     "Year" means the approximately twelve month period coinciding with the
Company's fiscal year.

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2.2     Gender and Number. Except when otherwise indicated by the context, any
masculine technology when used in the Plan shall also include the feminine
gender, and the definition of any term herein in the singular shall also include
the plural.

Section 3. Eligibility for Participation

3.1     Eligibility. Any Employee of the Company or any Subsidiary who is a
participant in the SUPERVALU Incentive Bonus Plan or the Subsidiary's Executive
Bonus Plan shall be eligible to participate in this Plan. In 'the event a
Participant no longer meets the requirements for participation in this plan he
shall become an inactive Participant, retaining all the rights described under
this Plan, except the right to make any further deferrals, until the time that
he again becomes an active Participant.

Section 4. Election to Defer

4.1     Deferral Election. At any time prior to the beginning of a fiscal year,
any Participant may, by written notice to the Company, elect to defer:

(a)  all or part (in 10% increments up to 100%) of the bonus paid from the
Incentive Bonus Plan of the Company or any Subsidiary for such Year, and
(b)  up to 20% of the salary to be paid during the Year.

  Payment shall be deferred until the earliest to occur of:
(a)  Retirement,
(b)  Disability,
(c)  Death, or
(d)  Termination of Employment.

4.2     Manner of Payment_ Election. If a Participant defers any amounts
pursuant to Section 4.1, the Participant, by written notice to the Company,
shall at the same time elect the manner in which the deferred amount will be
paid. The Participant may choose to have payment made either in a lump sum or in
5, 10 or 15 approximately equal annual installments.

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4.3     Irrevocable Elections. The elections in Section 4.1 and 4.2 are
irrevocable and may not be modified or terminated by the Participant or his
beneficiary.

Section 5. Deferred Accounts

5.1     Participant Accounts. The Company shall establish and maintain a
bookkeeping account for each Participant, to be credited as of the date the
bonus or salary is actually deferred.

5.2     Growth Additions. Each Participant's account shall be credited ratably
on the first day of each fiscal -year with a growth addition computed on the
balance in the account as of the last day of the immediately preceding year. The
growth addition shall be equal to said account balance multiplied by the lower
of 8% or the average annual prime rate of interest charged for commercial loans
by the First National Bank of Minneapolis during the immediately preceding year.
This average shall be computed on the basis of the prime rate of interest in
effect on the last business day of each month within said year.

5.3     Retirement Benefit Plan Equivalent. In the event a Participant's
retirement plan benefits are decreased in any way due to a deferral of salary or
bonus pursuant to Section 4.1 of this Plan, there shall be credited to the
Participant's account, on the day retirement plan benefit payments commence, an
amount equal to the lump sum actuarial equivalent of the increased monthly
income which would have been payable under the retirement plan if the amounts
credited to the Participant's account pursuant to Section 5.1 had instead been
paid as cash remuneration on the dates such amounts were credited to the
Participant's account. Said lump sum actuarial equivalent amount shall be
determined by the Board, in its sole discretion, upon the advice of the actuary
for the retirement plan. This advice shall be based on interest, mortality and
other appropriate assumptions used to value the retirement plan as of the last
actuarial valuation immediately preceding such determination. In no event may
this provision duplicate in any way, retirement supplements payable from other
deferred compensation plans of the Company, whether such plans are qualified or
unqualified.

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5.4     Charges Against Accounts. There shall be charged against each
Participant's account any payments made to the Participant or to his beneficiary
in accordance with Section 6. hereof.

5.5     Contractual 0bligation. It is intended that the Company is under a
contractual obligation to make payments from a Participant's account when due.
Account balances shall not be financed through a trust fund or insurance
contracts or otherwise. Payment of account balances shall be made out of the
general funds of the Company.

5.6     Unsecured Interest. No participant or beneficiary shall have any
interest whatsoever in any specific asset of the Company. To the extent that any
person acquires a right to receive payments under this Plan, such right shall be
no greater than the right of any unsecured general creditor of the Company.

Section 6. Payment of Deferred Amounts

6.1     Payment of Deferred Amounts. Payment of a Participant's deferral salary
or bonus, plus accumulated growth additions attributable thereto, shall be paid
in approximately equal annual installments, in the manner selected by the
Participant under Sections 4.1 and 4.2 of this Plan. Payments shall begin as
soon as possible after January 1 following the commencement date provided by
Section 4.1 of this Plan. Payment of a Participant's retirement benefit plan
equivalent, plus any accumulated growth additions, shall be made over 10
approximately equal annual installments, and shall begin as soon as possible
after the January 1 following the date said amount is credited to the
Participant's account.

6.2     Financial Emergency. The Board, at its sole discretion, may alter the
timing or manner of payment of deferred amounts in the event that the
Participant establishes, to the satisfaction of the Board, severe financial
hardship. In such event, the Board may:
(a)  provide that all or a portion of the amount previously deferred by the
     Participant shall be paid immediately in a lump sum cash payment,

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(b)  provide that all or a portion of the installments payable over a period of
     time shall be paid immediately in a lump sum, or
(c)  provide for such other installment payment schedules as it deems
     appropriate under the circumstances, as long as the amount distributed
     shall not be in excess of that amount which is necessary for the
     Participant to meet the financial hardship.

Severe financial hardship will be deemed to have occurred in the event of the
Participant's impending bankruptcy, a dependent's long and serious illness, or
other events of similar magnitude. The Board's decision in passing on the severe
financial hardship of the Participant and the manner in which, if at all, the
payment of deferred amounts shall be altered or modified shall be final,
conclusive and not subject to appeal.

6.3     Early Withdrawal. In the event a Participant retires from, or otherwise
terminates his or her employment with, the Company or its Subsidiaries, such
Participant, or in the event of such Participant's death his or her surviving
spouse or beneficiary, may, at any time following Participant's retirement or
other termination of employment, request an immediate lump sum payment of all or
part of the present value of deferred amounts prior to the date same become due
and payable pursuant to the provisions of Section 6.1 above, subject to
forfeiture of ten percent (10%) of such amounts.

Section 7. Forfeiture

7.1     Forfeiture. In the event that a Participant has deferred amounts under
this Plan which have not been paid, and such Participant:
(a)  has engaged in a felonious, fraudulent, or other activity resulting in harm
to the Company, or
(b)  has divulged any of the Company's confidential information or trade
information or trade secrets to a competitor, the Board may, at its sole
discretion, terminate all of the deferred amounts plus interest additions
otherwise payable as it deems appropriate.

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Section 8. Beneficiary

8.1     Beneficiary. A Participant may designate a beneficiary or beneficiaries
who, upon his death, are to receive the distributions that otherwise would have
been paid to him. All designations shall be in writing and shall be effective
only if and when delivered to the Secretary of the Company during the lifetime
of the Participant. If a Participant designates a beneficiary without providing
in the designation that the beneficiary must be living at the time of such
distribution, the designation shall vest in the beneficiary all of the
distributions whether payable before or after the beneficiary's death, and any
distributions remaining upon the beneficiary's death shall be made to the
beneficiary's estate.

A Participant may from time to time during his lifetime change his beneficiary
or beneficiaries by a written instrument delivered to the Secretary of the
Company. In the event a Participant shall not designate a beneficiary or
beneficiaries pursuant to this Section, or if for any reason such designation
shall be ineffective, in whole or in part, the distribution that otherwise would
have been paid to such Participant shall be paid to his estate and in such
event, the term "beneficiary" shall include his estate.

Section 9. Nontransferability

9.1     Nontransferability. In no event shall the Company make any payment under
this Plan to any assignee or creditor of a Participant or a beneficiary. Prior
to the time of payment hereunder, a Participant or beneficiary shall have no
rights by way of anticipation or otherwise to assign or otherwise dispose of any
interest under this Plan nor shall such rights be assigned or transferred by
operation of law.

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Section 10. Administration

10.1    Administration. This Plan shall be administered by a committee of the
Board, composed entirely of non-employee Directors. The committee may from time
to time establish rules for the administration of this Plan that are not
inconsistent with the provisions of this Plan.

10.2    Finality of Determination. The determination of the Board as to any
disputed questions arising under this Plan, including questions of construction
and interpretation shall be final, binding, and conclusive upon all persons.

10.3    Expenses. The cost of payment from this Plan and the expenses of
administering the Plan shall be borne by the Company.

10.4    Tax Withholding. The Company shall have the right to deduct from all
payments any Federal, state of local taxes required by law to be withheld with
respect to such payments.

Section 11. Amendment and Termination

11.1    Amendment and Termination. The Company expects the Plan to be permanent
but, since future conditions affecting the Company cannot be anticipated or
foreseen, the Company must necessarily and does hereby reserve the right to
amend, modify or terminate the Plan at any time by action of its Board.

Section 12. Applicable Law

12.1    Applicable Law. This Plan shall be governed and construed in accordance
with the laws of the State of Minnesota.

Section 13. Merger, Consolidation, or Acquisition

13.1    Merger, Consolidation, or Acquisition. In the event of a merger,
consolidation, or acquisition, where the Company is not the surviving
corporation, unless the successor or acquiring corporation

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shall elect to continue and carry on the Plan, all amounts deferred, plus
interest additions and applicable retirement plan equivalent additions shall
become immediately payable in full, notwithstanding any other provisions to the
contrary.<PAGE>

                                                                   EXHIBIT 10.14

                                 SUPERVALU INC.

                EXECUTIVE DEFERRED COMPENSATION PLAN, as amended

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                                TABLE OF CONTENTS

Section                                                               Page
-------                                                               ----

1.     Establishment and Purpose ....................................... 1

       1.1     Establishment ........................................... 1

       1.2     Purpose ................................................. 1

2.     Definitions ..................................................... 1

       2.1     Definitions ............................................. 1

       2.2     Gender and Number .......................................13

3.     Eligibility for Participation ...................................13

4.     Election to Defer ...............................................14

       4.1     Deferrals ...............................................14

       4.2     Procedure ...............................................14

       4.3     Types of Deferral for Initial Participants ..............15

       4.4     Types of Deferral for Other Participants ................16

       4.5     Fixed and Pre-Retirement Deferrals ......................17

               4.5.1     Fixed Deferrals ...............................17

               4.5.2     Pre-Retirement Deferrals ......................19

       4.6     Maximum and Minimum Deferrals ...........................20

       4.7     Rollover Amounts ........................................20

       4.8     Election to Defer Irrevocable ...........................22

       4.9     Certain Retirement Benefit Plan Equivalents .............23

       4.10    SUPERVALU INC. Defined Contribution Plan and
                 Pre-Tax Savings and Profit Sharing Plan Benefit
                 Equivalents ...........................................24

                                       -i-

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5.     Deferral Accounts ...............................................21

       5.1     Establishment and Crediting of Account ..................25

       5.2     Compensation, Rollover Amount and Retirement
               Benefit Plan Deferrals ..................................26

       5.3     Interest ................................................27

       5.4     Contractual Obligation ..................................27

       5.5     Charges Against and Balances of Accounts ................28

       5.6     Statement of Accounts ...................................28

6.     Payment of Benefits .............................................29

       6.1     Retirement Benefits .....................................29

               6.1.1     Incomplete Benefit Units ......................29

               6.1.2     Rollover Benefit Units ........................29

               6.1.3     Qualified Benefit Units .......................29

       6.2     Benefits Upon Disability ................................30

               6.2.1     Disability Benefits ...........................30

               6.2.2     Coordination with Retirement Benefits .........31

               6.2.3     Survivorship Benefits .........................33

       6.3     Benefits for Employees Upon Other Termination of
                 Employment ............................................34

               6.3.1     Amount of Benefit .............................34

               6.3.2     Form of Payment ...............................35

       6.4     Benefits Upon Termination of Employment Following
                 a Change of Control ...................................35

               6.4.1     Payment of Benefits ...........................35

               6.4.2     Election upon Reduction in Plan Interest
                           Rate ........................................36

               6.4.3     Termination of Plan ...........................36

               6.4.4     Parachute Payments ............................37

                                      -ii-

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       6.5     Survivorship Benefits ...................................37

               6.5.1     Death Prior to Early Retirement Date ..........37

               6.5.2     Death After Early Retirement Date .............38

               6.5.3     Death After Commencement of Benefits ..........39

               6.5.4     Survivor Spouse Benefit .......................40

       6.6     Form of Payment of Benefits .............................41

               6.6.1     Normal Form ...................................41

               6.6.2     Alternative Forms .............................42

               6.6.3     Deferred Payment ..............................42

               6.6.4     Form of Request ...............................42

       6.7     Recipients of Payments; Designation of
                 Beneficiary ...........................................42

       6.8     Financial Emergency .....................................44

       6.9     Payment of Incomplete Benefit Units and
                 Retirement Benefit Plan Account .......................46

       6.10    Pre-Retirement Benefits .................................47

7.     Forfeiture ......................................................47

8.     Non-Transferability .............................................50

9.     Administration ..................................................50

       9.1     Administration ..........................................50

       9.2     Finality of Determination ...............................51

       9.3     Claims Procedure ........................................51

               9.3.1     Original Claim ................................51

               9.3.2     Claim Review Procedure ........................52

               9.3.3     General Rules .................................52

       9.4     Expenses ................................................53

       9.5     Tax Withholding .........................................53

                                      -iii-

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       10.     Amendment and Termination ...............................54

       11.     Applicable Law ..........................................55

       12.     No Vested Rights ........................................55

       13.     Binding Agreement .......................................55

Appendix A     Amendments to NonQualified Deferred Compensation Plans

                                      -iv-

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                                 SUPERVALU INC.
                      EXECUTIVE DEFERRED COMPENSATION PLAN

                      Section 1. Establishment and Purpose

1.1 Establishment.

          SUPERVALU INC., a Delaware corporation (hereinafter called the
"Company"), hereby establishes effective as of October 1, 1985, this deferred
compensation plan for certain of its executive employees which shall be known as
the SUPERVALU INC. EXECUTIVE DEFERRED COMPENSATION PLAN (hereinafter called the
"Plan").

1.2 Purpose.

          The purpose of the Plan is (i) to provide a means whereby amounts
payable by the Company to executive employees may be deferred to a future
period, (ii) to motivate such executive employees to continue to make
contributions to the growth and profits of the Company and (iii) to provide such
executive employees certain benefits as hereinafter described upon retirement,
death, disability or other termination of employment.

                             Section 2. Definitions

2.1 Definitions.

          Whenever used hereinafter, the following terms shall have the meaning
set forth below:

          (a)  "Age" means the age of the person as of his last birth date.

          (b)  "Beneficiary" means the person designated by a Participant
               pursuant to Section 6.7 hereof.

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          (c)  "Benefit Unit" means the agreed upon amount to be deferred by a
               Participant under the Plan over a specified Deferral Period
               pursuant to a specific Deferred Compensation Election. A separate
               Benefit Unit shall also exist with respect to each deferral
               election with respect to Rollover Amounts.

          (d)  "Board" means the Board of Directors of the Company.

          (e)  "Bonus" means payments made from time to time by the Company to
               certain Employees pursuant to the SUPERVALU INC. Executive
               Incentive Bonus Plan.

          (f)  "Change of Control" means:

               (i)    The acquisition by any person, entity or "group", within
                      the meaning of Section 13(d)(3) or 14(d)(2) of the
                      Securities Exchange Act of 1934 (the "Exchange Act"),
                      other than the Company or any of its wholly-owned
                      subsidiaries, or any employee benefit plan of the Company
                      and/or any of its wholly-owned subsidiaries, of beneficial
                      ownership (within the meaning of Rule 13d-3 promulgated
                      under the Exchange Act) of 20% or more of either the then
                      outstanding shares of common stock or the combined voting
                      power of the Company's then

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                      outstanding voting securities in a transaction or series
                      of transactions not approved in advance by a vote of at
                      least three quarters of the Continuing Directors (as
                      defined below); or

               (ii)   Individuals who, as of the date hereof, constitute the
                      Board (as of the date hereof the "Continuing Directors")
                      cease for any reason to constitute at least a majority of
                      the Board, provided that any person becoming a director
                      subsequent to the date hereof whose election, or
                      nomination for election by the Company's shareholders, was
                      approved in advance by a vote of at least three quarters
                      of the Continuing Directors (other than a nomination of an
                      individual whose initial assumption of office is in
                      connection with an actual or threatened solicitation with
                      respect to the election or removal of the directors of the
                      Company, as such terms are used in Rule 14a-11 of
                      Regulation 14A promulgated under the Exchange Act) shall
                      be, for purposes of this Agreement, considered as though
                      such person were a Continuing Director; or

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                      Approval by the stockholders of the Company of a
                      reorganization, merger, consolidation, liquidation or
                      dissolution of the Company or of the sale (in one
                      transaction or a series of related transactions) of all or
                      substantially all of the assets of the Company other than
                      a reorganization, merger, consolidation, liquidation,
                      dissolution or sale approved in advance by three quarters
                      of the Continuing Directors; or

               (iii)  Any other event that a majority of the Continuing
                      Directors in its sole discretion shall determine
                      constitutes a Change of Control.

          (g)  "Chief Executive Officer" means the chief executive officer of
               the Company or the person who regularly performs the duties
               normally associated with such office on behalf of the Company.

          (h)  "Company" means SUPERVALU INC., a Delaware corporation, and any
               Subsidiary thereof.

          (i)  "Compensation" means (i) for an Employee, the salary, Bonus and
               other amounts payable by the Company which would have been
               reported on

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               Treasury Form W-2 (or any comparable successor form) if reported
               on a Plan Year basis and if the Employee had not entered into a
               Deferred Compensation Election, but excluding expense
               reimbursement, moving expense payments, third-party sick pay,
               imputed--income (from excess-life insurance premiums, automobile
               use premiums or any other source), non-qualified stock options,
               disqualifying dispositions of stock acquired pursuant to the
               exercise of incentive stock options, stock appreciation rights,
               amounts attributable to long-term incentive plans (other than the
               Bonus), severance settlements and similar items of remuneration,
               and (ii) for a Director, the annual retainer and meeting fees
               paid by the Company as a result of service as a Director.

          (j)  "Deferral Account" means the account maintained on the books of
               the Company with respect to each Benefit Unit for each
               Participant pursuant to Section 5 hereof.

          (k)  "Deferral Period" means the period of years during which
               Compensation or Rollover Amounts are being deferred (or
               transferred) for a particular Benefit Unit pursuant to a
               Participant's Deferred

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               Compensation Election as described in Section 4 hereof.

          (1)  "Deferred Compensation Election" means a written agreement
               between a Participant and the Company whereby the Participant
               agrees to defer a portion of his Compensation or Rollover Amounts
               and the Company agrees to make benefit payments all in accordance
               with the terms and conditions of the Plan. With respect to a
               Participant who is a Director, a Deferred Compensation Election
               hereunder shall supersede and take precedence over any election
               to defer compensation filed by such Director pursuant to the
               Director's Plan.

          (m)  "Defined Contribution Plan" means the Company's Internal Revenue
               Service approved profit sharing plans, whether now or hereafter
               in existence.

          (n)  "Determination Date" means the last day in each September which
               coincides with the end of each of the Plan Years and shall be the
               date on which the amount of a Participant's Deferral Account is
               determined as provided in Section 5 hereof.

          (o)  "Director" means an individual who is a member of the Board and
               who is not an Employee of the Company.

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          (p)  "Director's Plan" means the SUPERVALU INC. Deferred Compensation
               Plan for Non-Employee Directors. Each Participant who is a
               Director shall have an account established and credited under the
               Director's Plan to the extent necessary to carry out-the terms
               and conditions of the Plan.

          (q)  "Director's Plan Interest Rate" means the interest rate provided
               for in paragraph 8 of the Director's Plan.

          (r)  "Disability" means a Participant's disability as defined in the
               Social Security eligibility provisions, 42 U.S.C. Section 421,
               and regulations promulgated thereunder.

          (s)  "Disability Benefit" means the disability benefit described in
               Section 6.2 hereof.

          (t)  "Early Retirement Date" means (i) for an Employee, the first day
               of the month following the month in which the Employee reaches
               age 55, has completed ten (10) or more years of service with the
               Company and has completed a Qualified Benefit Unit, and (ii) for
               a Director, the first day of the month following the month in
               which the Director reaches age 55. Years of service with the
               Company shall include the period during which the Participant is
               disabled. All or any part of

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               the requirements established by this definition may be waived or
               modified for Employees in the sole and absolute discretion of the
               Retirement Committee and for Directors in the sole and absolute
               discretion of the Board.

          (u)  "Effective Date" means October 1, 1985.

          (v)  "Employee" means an employee of the Company or any Subsidiary,
               branch or subdivision thereof, who (i) is employed in a
               recognized executive administrative or professional capacity and
               (ii) has significant management responsibilities or is highly
               compensated, and (iii) is compensated therefor in a combination
               of guaranteed base compensation plus periodic additions of
               variable amounts derived from sources including, but not limited
               to, a Bonus, other incentive bonus awards and commissions.

          (w)  "Fiscal Year" means the approximate twelve-month period
               coinciding with the Company's fiscal year and ending on the last
               Saturday in each February.

          (x)  "Incomplete Benefit Unit" means a Benefit Unit for which a
               Deferred Compensation Election has been made and with respect to
               which the Participant has not completed deferrals of the total
               amount of the Stated Deferral.

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          (y)  "Initial Participant" means an Employee, eligible to participate
               in the Plan, or a Director, either of whom have elected to
               participate in the Plan by filing a Deferred Compensation
               Election which is to be effective as of the Effective Date.

          (z)  "Normal Retirement Date" means (i) for an Employee, the first day
               of the month following the month in which the Employee reaches
               age 62, has completed ten (10) or more years of service with the
               Company and has completed a Qualified Benefit Unit, or, if
               earlier, the first day of the month following the month in which
               the Employee reaches age 65 and has completed a Qualified Benefit
               Unit and (ii) for a Director, the first day of the month
               following the month in which the Director reaches age 55. Years
               of service with the Company shall include the period during which
               the Participant is disabled. All or any part of the requirements
               established by this definition may be waived or modified for
               Employees in the sole and absolute discretion of the Retirement
               Committee and for Directors in the sole and absolute discretion
               of the Board.

          (aa) "Old Plan" means the Super Valu Stores, Inc. Deferred
               Compensation Plan. Each Participant who

<PAGE>

               is an Employee shall have an account established and credited
               under the Old Plan to the extent necessary to carry out the terms
               and conditions of the Plan.

          (bb) "Old Plan Interest Rate" means the interest rate provided for in
               Section 5.2 of the Old Plan.

          (cc) "Participant" means all Directors and those Employees as may be
               selected from time to time in the sole and absolute discretion of
               the Chief Executive Officer, either of whom have elected to
               participate in the Plan by filing a Deferred Compensation
               Election hereunder.

          (dd) "Plan Interest Rate" means, with respect to any Plan Year, four
               (4) percentage points over the average rate for the twelve (12)
               months preceding the beginning of each Plan Year of Moody's
               Corporate Bond Yield Average--Monthly Average Corporates as
               published by Moody's Investor's Service or any successor thereto,
               all as determined by the Compensation Committee in its sole and
               absolute discretion, or if such yield is no longer published, a
               substantially similar average selected by the Compensation and
               Stock Option Committee of the Board in its sole and absolute
               discretion.

<PAGE>

          (ee) "Plan Year" means the twelve-month period beginning on October 1
               and ending on the last day in September in each calendar year.

          (ff) "Qualified Benefit Unit" means a Benefit Unit with respect to
               which at least fifty percent (50%) of the-aggregate amount of the
               Stated Deferral has been deferred.

          (gg) "Retirement" means (i) for an Employee, Termination of Employment
               after reaching the Early Retirement Date or Normal Retirement
               Date, and (ii) for a Director, Termination of Employment at any
               time.

          (hh) "Retirement Benefit" means the retirement benefit described in
               Section 6.1 hereof.

          (ii) "Retirement Benefit Plan Account" means a separate account, in
               the nature of a Deferral Account, established and maintained for
               each Participant entitled to benefits pursuant to Section 4.9 or
               Section 4.10 hereof.

          (jj) "Retirement Benefit Plan Amount" means the amount of the benefit
               determined under Section 4.9 and Section 4.10 hereof.

          (kk) "Retirement Committee" means the SUPERVALU INC. Retirement
               Committee constituted by the Chief Executive Officer for the
               purpose of

<PAGE>

               performing certain administrative functions with respect to the
               employee pension benefit plans of the Company, including the
               Plan.

          (11) "Rollover Amount" means (i) for an Employee, the amount to be
               transferred from the Employee's account established pursuant to
               Section 5.1 of the Old Plan and to be deferred under the Plan as
               set forth in the Employee's Deferred Compensation Election and
               (ii) for Directors, the amount to be transferred from the
               Director's account under the Director's Plan and to be deferred
               under the Plan as set forth in the Director's Deferred
               Compensation Election.

          (mm) "Savings Plan" means the Company's SUPERVALU Pre-Tax Savings and
               Profit Sharing Plan Trust Agreement.

          (nn) "Stated Deferral" means the amount with respect to each Benefit
               Unit which the Participant agrees to defer in accordance with
               Section 4 hereof from either his Compensation or from a Rollover
               Amount.

          (oo) "Subsidiary" means any corporation, the majority of the voting
               stock of which is directly or indirectly owned by the Company.

          (pp) "Termination of Employment" means (i) for an Employee, ceasing to
               be employed by the Company

<PAGE>

               for any reason whatsoever, including, without limitations,
               terminations of employment which are voluntary or involuntary,
               and (ii) for a Director, ceasing to serve as a member of the
               Board.

2.2 Gender and Number.

          Except when otherwise indicated by the context, any masculine
terminology, when used in the Plan, shall also include the feminine gender and
the definition or use of any term herein in the singular shall also include the
plural.

                    Section 3. Eligibility for Participation

          Employees of the Company shall be eligible to participate in the Plan
with respect to a Deferral Period if, and only if, so selected or otherwise
designated by the Chief Executive Officer. Employees eligible to become
Participants after the first Plan Year shall be entitled to defer Compensation
hereunder as of the first day of the Fiscal Year following their selection. All
Directors shall be eligible to become Participants as of the first day of any
Plan Year. A Participant shall cease to be a Participant upon Termination of
Employment. A person who for any reason ceases to be a Participant during a
Deferral Period or otherwise shall have no further right to defer Compensation
hereunder. The Retirement Committee, in its sole and absolute discretion, shall
make such rules concerning leaves of absences, re-employment and other

<PAGE>

matters concerning eligibility for Participation hereunder as it deems to be in
the best interests of the Company.

                          Section 4. Election to Defer

4.1 Deferrals.

          Any Employee eligible to become a Participant, and any Director, may
elect not earlier than July 15 and not later than August 31 of a Plan Year to
defer Compensation, otherwise payable in subsequent Fiscal Years, in exchange
for a Benefit Unit. An Initial Participant shall, prior to a date to be
announced by the Retirement Committee, elect to defer Compensation, otherwise
payable after October 1, 1985, in exchange for a Benefit Unit. Any Employee or
Director eligible to become a Participant when first hired by the Company or
when first becoming a member of the Board after the beginning of a Plan Year, as
appropriate, may elect to defer Compensation, otherwise payable in subsequent
Plan Years, in exchange for a Benefit Unit only in accordance with this Section
4.1.

4.2 Procedure.

          A Participant shall make the election provided for in Section 4.1
hereof by executing a Deferred Compensation Election in the form provided by the
Company, subject to such terms and conditions as the Retirement Committee may
impose, including, but not limited to, medical examinations, health screening,
medical records reviews, etc. The Deferred Compensation Election shall set forth
the Participant's Stated

<PAGE>

Deferral. A Participant shall only be entitled to defer Compensation in the
amounts and for the periods determined, from time to time, in the sole and
absolute discretion of the Retirement Committee. A separate Deferred
Compensation Election must be executed by a Participant with respect to each
Benefit Unit, and the total amount of the Stated Deferral for a Benefit Unit
must be completed before another Deferred Compensation Election may be made;
provided, however, that an election with respect to Rollover Amounts pursuant to
Section 4.7 hereof, may be made before the total amount of the Stated Deferral
for a Benefit Unit, with respect to an existing Deferred Compensation Election,
has been completed. A Deferred Compensation Election shall be effective if, and
only if, it is accepted by the Retirement Committee on behalf of the Company and
all the terms and conditions set forth in the Deferred Compensation Election are
satisfied in full by the Participant. If accepted by the Retirement Committee,
the Compensation to be deferred, as specified in the Deferred Compensation
Election, shall be deferred and the Participant's Compensation shall be
correspondingly reduced.

4.3 Types of Deferral for Initial Participants.

          For Deferred Compensation Elections filed in 1985, an Initial
Participant who is an Employee shall be entitled, subject to the other terms and
conditions of the Plan, to defer the Participant's Compensation (not including
the Participant's

<PAGE>

Bonus) otherwise payable after October 1, 1985, and the Participant's Bonus
otherwise payable in the calendar years which begin after the filing of such
Deferred Compensation Election. For Deferred Compensation Elections filed in
1985, an Initial Participant who is a Director shall be entitled, subject to the
other terms and conditions of the Plan, to defer the Director's October 1985
quarterly retainer fee payment, to the extent it is attributable to services
performed after the Effective Date, any part of subsequent quarterly retainer
fee payments and fees for attending meetings of the Board (and committee
meetings), to the extent attributable to meetings taking place after the
Effective Date. All subsequent deferrals by Initial Participants shall be
subject to the terms and conditions of Section 4.4 hereof.

4.4 Types of Deferral for Other Participants.

          A Participant, other than an Initial Participant filing a Deferred
Compensation Election in 1985, who is an Employee shall be entitled to defer,
subject to the other terms and conditions of the Plan, the Participant's
Compensation (not including the Participant's Bonus) payable during the Fiscal
Years which begin after the filing of a Deferred Compensation Election and the
Participant's Bonus which would otherwise be payable in the calendar years which
begin after the filing of such Deferred Compensation Election. A Participant,
other than an Initial Participant filing a Deferred Compensation Election

<PAGE>

in 1985, who is a Director shall be entitled to defer, subject to the other
terms and conditions of the Plan, the Director's Compensation which would
otherwise be payable after the filing of the Deferred Compensation Election, to
the extent such payments are for services performed as a Director during the
calendar year which begins after the filing of such Deferred Compensation
Election.

4.5 Fixed and Pre-Retirement Deferrals.

          4.5.1 Fixed Deferrals. Unless the requirements of this Section 4.5.1
are waived or otherwise modified by the Retirement Committee, a Participant
shall only be entitled to defer Compensation as follows:

          (i)  Employees. For Employees, the Deferred Compensation Election must
               provide for the deferral of a fixed amount of the Employee's
               Compensation, whether from the Employee's Bonus or otherwise. In
               the event an Employee's Bonus or other Compensation changes in
               any Plan Year, such change shall not reduce the amount to be
               deferred-pursuant to his Deferred Compensation Election. In the
               event an Employee's Bonus in any Plan Year is in excess of the
               bonus norm amount assigned to his position under the Bonus Plan
               for the preceding Fiscal Year, if the Employee's Deferred
               Compensation Election so provides, any such excess Bonus shall be
               deferred

<PAGE>

               and taken into account to prepay an already existing Incomplete
               Benefit Unit. Any such prepayment with respect to an already
               existing Incomplete Benefit Unit shall reduce the amount to be
               deterred from the Employee's Compensation otherwise -subject to
               the Deterred Compensation Election in subsequent Plan Years, in
               such manner as may be determined by the Retirement Committee in
               its sole and absolute discretion. Notwithstanding the foregoing,
               in the event an Employee's Bonus or other Compensation is
               decreased in any Plan Year, the Retirement Committee may take
               such action with respect to waiving, modifying or otherwise
               amending an Employee's Deferred Compensation Election as it deems
               to be, in its sole and absolute discretion, in the best interests
               of the Company, including, without limitation, crediting the
               Employee's Deferral Account with all or any part of the balance
               of the Stated Deferral and charging interest to the Employee's
               Deferral Account on such credit, for the period of time such
               credit has not been recovered by the Company, at a rate equal to
               the Company's cost of borrowing funds on a short-term, unsecured
               basis.

<PAGE>

          (ii) Directors. For Directors, the Deferred Compensation Election must
               provide for the deferral of a fixed amount of all or any portion
               of the annual retainer paid to the Director by the Company. In
               the event of any change in a Director's annual retainer, such
               change shall be taken into account in the same manner as provided
               in Section 4.5(i) hereof with respect to an Employee's
               Compensation. If a Director's Deferred Compensation Election so
               provides, any deferral with respect to meeting fees paid by the
               Company to the Director shall be effective only to prepay an
               already existing Incomplete Benefit Unit. Any such prepayment
               with respect to an already existing Incomplete Benefit Unit shall
               reduce the amount to be deferred pursuant to the Deferred
               Compensation Election, in such manner as may be determined by the
               Retirement Committee, in its sole and absolute discretion.

          4.5.2   Pre-Retirement Deferrals. In the event that a Participant's
Deferred Compensation Election so provides, and in accordance with such other
terms and conditions as the Retirement Committee, in its sole and absolute
discretion, may from time to time impose, a Participant shall be entitled to
elect to receive prior to Retirement a maximum of seventy-five

<PAGE>

percent (75%) of his Deferral Account attributable to a Benefit Unit with
respect to which the Participant has completed deferrals of the total amount of
the Stated Deferral.

4.6 Maximum and Minimum Deferrals.

          Subject to Section 4.5 hereof, the following maximum and minimum
deferrals of Compensation shall apply to the fixed amount to be deferred by any
Participant, provided, however, that the Retirement Committee may from time to
time, in its sole and absolute discretion, adjust the maximum and minimum
deferrals permitted hereunder:

          (i)  Minimum Deferral--$2,500 per year, for at least four (4) Plan
Years from Compensation (not including Bonus or meeting fees);

          (ii) Maximum Deferral--for Employees, twenty percent (20%) of
Compensation (not including the Participant's Bonus) in the Plan Year in which
deferrals pursuant to the Participant's Deferred Compensation Election are first
effective, plus one hundred percent (100%) of the bonus norm amount assigned to
his position under the Bonus Plan for the preceding Fiscal Year, and for
Directors, there is no limitation on the amount which may be deferred hereunder.

4.7 Rollover Amounts.

          A Participant may elect, as part of a Deferred Compensation Election,
to transfer to and defer under the Plan, in a separate Benefit Unit, all or any
portion of his account

<PAGE>

balance, if any, in the Old Plan or the Director's Plan, as the case may be. A
Participant may also elect, as part of a Deferred Compensation Election filed
prior to Termination of Employment, to transfer to and defer under the Plan, in
a separate Benefit Unit, all or any portion of his Retirement Benefit Plan
Account established pursuant to Sections 4.09 or 4.10 hereof. Any such transfer
shall occur in four (4) equal installments over four (4) Plan Years, on the
first business day of each calendar year, commencing with the first day of the
calendar year which starts immediately after the filing of such Deferred
Compensation Election. The procedure for making such an election with respect to
a Rollover Amount shall be as determined by the Retirement Committee in its sole
and absolute discretion. A Participant making an election to defer a Rollover
Amount from the Old Plan or the Director's Plan, as the case may be, waives all
rights under such plans with respect to amounts transferred to this Plan,
including the right to make elections regarding the time or manner of payment as
permitted thereunder; provided, however, that until Rollover Amounts are, in
fact, transferred to this Plan from the Old Plan or the Director's Plan as
provided herein, the Participant's account in the Old Plan or the Director's
Plan, as the case may be, shall continue to be credited with a growth addition
based on the Old Plan Interest Rate or the Director's Plan Interest Rate, as the
case may be, on the then outstanding

<PAGE>

balance of the Participant's account, all in accordance with the terms and
conditions of the Old Plan or the Director's Plan. The order in which Rollover
Amounts are transferred to this Plan from the Old Plan, the Director's Plan or
the Retirement Benefit Plan Account shall be as reasonably determined by the
Retirement Committee. Although subject to the minimum deferral amount set forth
in Section 4.6 hereof, Rollover Amounts shall not be subject to any maximum
deferral limitation.

4.8 Election to Defer Irrevocable.

          Except as provided herein by action of the Retirement Committee, a
Participant's election to defer any amounts of any nature whatsoever pursuant to
the Plan shall be irrevocable when made and accepted by the Retirement Committee
and shall not be subject to amendment or modification in any manner whatsoever
thereafter. Notwithstanding the foregoing, the Retirement Committee, in its sole
and absolute discretion, may allow a Participant, who either (i) expects to
retire or terminate employment in the near future but who has not yet retired or
terminated employment with the Company for any reason whatsoever, or (ii) has
received a promotion and corresponding Compensation increase of significant
magnitude, to increase and accelerate amounts to be deferred hereunder, without
regard to the maximum deferrals set forth in Section 4.6 hereof, but only for
the purpose of completing all or any portion of the Stated Deferral with respect
to an

<PAGE>

already existing Incomplete Benefit Unit. Any such change concerning
Compensation to be deferred hereunder shall be subject to such terms and
conditions as the Retirement Committee may impose, in its sole and absolute
discretion.

4.9 Certain Retirement Benefit Plan Equivalents.

          Pursuant to and conditions of the Super Valu Stores, Inc. 1976 Amended
Retirement Plan (or any successor thereto or amended version thereof), any
benefits paid hereunder are to be taken into account under said retirement plan
in the year in which such Compensation is, in fact, paid to the Participant and
not in the year in which such amounts are otherwise earned by the Participant.
Except as otherwise provided herein, in the event a Participant's retirement
benefits from any company-sponsored Internal Revenue Service approved retirement
plan (other than the Defined Contribution Plan or the Savings Plan described in
Section 4.10 hereof) are decreased in any way due to a deferral of Compensation
pursuant to the Plan, there shall be credited to the Participant's Retirement
Benefit Plan Account, on the day benefits commence under the Plan, a Retirement
Benefit Plan Amount which is an amount equal to the lump sum actuarial
equivalent of the increased income which would have been payable under the
retirement plan if the amounts credited to the Participant's Deferral Account
pursuant to the Plan had instead been paid as cash remuneration on the date such
amounts were credited thereto. The Retirement Benefit Plan Amount shall be
determined by the Retirement Committee, in its sole and

<PAGE>

absolute discretion, upon the advice of the actuary for the retirement plans.
This advice shall be based on interest, mortality and other appropriate
assumptions used to value the retirement plans as of the last actuarial
valuation date immediately preceding such determination. Except as provided in
Section 4.7 hereof, the Retirement Benefit Plan Amount credited to a
Participant's Retirement Benefit Plan Account pursuant to this Section 4.9 shall
not be credited or taken into account with respect to any Benefit Unit. In the
event that a Participant's benefits under the SUPERVALU INC. Employee Stock
Ownership Plan Trust Agreement are decreased in any manner due to a deferral of
Compensation pursuant to the Plan, then notwithstanding any other provisions of
the Plan to the contrary, there shall not be any increase in a Participant's
account or benefits hereunder (including the Participant's Retirement Benefit
Plan Account) to take into account any benefits that would have been payable
under the terms and conditions of said Employee Stock Ownership Plan if the
amount deferred hereunder had instead been paid as cash remuneration.

4.10 SUPERVALU INC, Defined Contribution Plan and Pre-Tax Savings and Profit
Sharing Plan Benefit Equivalents.

          Pursuant to the terms and conditions of the Defined Contribution Plan
and the Savings Plan, any benefits paid hereunder are to be taken into account
under such plans in the

<PAGE>

year in which such Compensation is, in fact, paid to the Participant and not in
the year in which such amounts are otherwise earned by the Participant. There
shall be credited to a Participant's Retirement Benefit Plan Account, within
sixty (60) days of the first day of each Fiscal Year, an additional Retirement
Benefit Plan Amount equal to the additional contribution, if any, which would
have been made by the Company under such plans during the preceding Fiscal Year,
if the amounts credited to the Participant's Deferral Account pursuant to the
Plan had instead been credited to the Participant's account pursuant to such
plans, taking into account the limitations on the amount of the Company
contribution provided for in such plans. Such Retirement Benefit Plan Amount
shall be determined by the Retirement Committee, in its sole and absolute
discretion. Except as provided in Section 4.7 hereof, the Retirement Benefit
Plan Amount credited to a Participant's Retirement Benefit Plan Account pursuant
to this Section 4.10 shall not be credited or taken into account with respect to
any Benefit Unit.

                          Section 5. Deferral Accounts

5.1 Establishment and Crediting of Account.

          The Company shall establish a separate Deferral Account on its books
with respect to each Benefit Unit for each Participant and shall credit to such
Deferral Account certain amounts in accordance with the provisions of the Plan.
The

<PAGE>

Company shall also establish a Retirement Benefit Plan Account on its books with
respect to each Participant who is entitled to a Retirement Benefit Plan Amount
pursuant to Section 4.9 or Section 4.10 hereof.

5.2 Compensation, Rollover Amount and Retirement Benefit Plan Deferrals.

          The Compensation or Rollover Amounts that are deferred pursuant to a
Participant's Deferred Compensation Election and the Retirement Benefit Plan
Amount shall be credited to a Participant's Deferral Account or Retirement
Benefit Plan Account, as appropriate, (i) in the case of Compensation, as of the
date the Participant would have otherwise received the Compensation, (ii) in the
case of Rollover Amounts, the first business day of the calendar year in which a
Rollover Amount is deferred hereunder pursuant to Section 4.7 hereof, and (iii)
in the case of a Retirement Benefit Plan Amount, on the dates set forth in
Section 4.9 and Section 4.10 hereof. Amounts shall be credited to a
Participant's account under the Old Plan or the Director's Plan in accordance
with the terms and conditions of the Plan. The Company shall be entitled to
deduct from the Participant's Compensation which is not subject to a Deferred
Compensation Election any amount it is required to withhold or collect under any
federal, state or local law for taxes or other charges, including, without
limitation, Social Security (F.I.C.A.) taxes.

<PAGE>

5.3 Interest.

          As of each Determination Date, an amount equal to interest earned
since the last preceding Determination Date shall be credited to a Participant's
Deferral Account and, if applicable, Retirement Benefit Plan Account. For the
Deferral Account, interest shall be calculated by applying the Plan Interest
Rate compounded annually to the daily balance of the Deferral Accounts since the
last preceding Determination Date pursuant to such computational methods as
shall be adopted by the Retirement Committee, in its sole and absolute
discretion. For the Retirement Benefit Plan Account, interest shall be credited
at the Old Plan Interest Rate, in accordance with the terms and conditions of
the Old Plan. For any account established under the Old Plan or the Director's
Plan pursuant to the terms and conditions of the Plan, interest shall be
credited thereto at the Old Plan Interest Rate or the Director's Plan Interest
Rate in accordance with the computation method set forth in the Old Plan or the
Director's Plan, as the case may be, and in accordance with the terms and
conditions of the Plan.

5.4 Contractual Obligation.

          It is intended that the Company is under a contractual obligation to
make payments in accordance with the terms and conditions of the Plan from a
Participant's Deferral Account, Retirement Benefit Plan Account, any account
established under the Old Plan and any account established under the Director's
Plan. A Participant shall have no rights to such payments,

<PAGE>

other than as a general, unsecured creditor of the Company. Such account
balances shall not be financed through a trust fund or any other assets or
properties in which a Participant has any interest whatsoever. Payments from
such accounts shall be made out of the general funds of the Company. All such
accounts shall be utilized solely as a device for the measurement and
determination of the amounts to be paid to a Participant pursuant to the Plan.
Such accounts shall not constitute or be treated as a trust fund or an interest
in any specific assets or properties of the Company of any sort. Notwithstanding
the foregoing, payments may be financed by or through the SUPERVALU INC.
Agreement and Plans Trust, approved April 13, 1988, as it may be amended from
time-to-time.

5.5 Charges Against and Balances of Accounts.

          Each Participant's Deferral Account, Retirement Benefit Plan Account,
any account established under the Old Plan and any account established under the
Director's Plan, as of each Determination Date, shall consist of the balance of
such account as of the immediately preceding Determination Date plus the amount
to be credited to such account by the Company pursuant to Section 5.3 hereof,
less the amount of all distributions, if any, made from such account since the
immediately preceding Determination Date.

5.6 Statement of Accounts. The

          Retirement Committee, in its sole and absolute discretion, shall from
time to time provide to each Participant

<PAGE>

a statement in such form as the Retirement Committee deems desirable setting
forth the balance to the credit of such Participant in his Deferral Account,
Retirement Benefit Plan Account and any accounts established under the Old Plan
or the Director's Plan.

                         Section 6. Payment of Benefits

6.1 Retirement Benefits.

          Upon a Participant's Retirement, the Company shall:

          6.1.1     Incomplete Benefit Units. Pay to the Participant the
Deferral Account balance with respect to any Incomplete Benefit Unit that is not
a Qualified Benefit Unit in accordance with the terms and conditions of Section
6.9 hereof; provided, however, that this Section 6.1.1 shall not apply to
Benefit Units with respect to Rollover Amounts.

          6.1.2     Rollover Benefit Units. Maintain the Deferral Account with
respect to any election with respect to Rollover Amounts until all rollovers
have been made, and then pay a Retirement Benefit equal to the amount of such
Deferral Account determined as of the Determination Date coincident with or next
following the end of such Deferral Period in accordance with Section 6.6.

          6.1.3     Oualified Benefit Units. Pay to the Participant, with
respect to any Qualified Benefit Unit, a Retirement Benefit equal to the amount
of his Deferral Account for such Qualified Benefit Unit determined as of the

<PAGE>

Determination Date coincident with or next following the date of Retirement.
Each Retirement Benefit shall be payable in accordance with Section 6.6 hereof.
With respect to a Qualified Benefit Unit for which the Stated Deferral has not
been completed in full as of the date of Retirement, the Company shall credit
the Participant's Deferral Account with the balance of the Benefit Unit and
shall charge interest to the Participant's Deferral Account on such credit, for
the period of time such credit has not been recovered by the Company, at a rate
equal to the Company's cost of borrowing funds on a short-term, unsecured basis,
in effect on the date of Retirement, as determined by the Retirement Committee.
The Company shall recover the amount credited to complete a Qualified Benefit
Unit, and interest accrued on the credit (i) from the first installment payable
pursuant to Section 6.6.1, and from each successive installment until the total
amount of the credit and accrued interest has been recovered, or (ii) ratably
over the 20-year benefit payment period under Section 6.6.1, as the Retirement
Committee, in its sole and absolute discretion, shall elect.

6.2 Benefits Upon Disability.

          6.2.1 Disability Benefits. Upon a Participant's Termination of
Employment due to Disability, the Company shall pay to the Participant an annual
Disability Benefit equal to twenty-five percent (25%) of the Participant's
Stated Deferral

<PAGE>

for each Benefit Unit, but in the case of an Employee in no event shall such
Disability Benefit exceed fifty percent (50%) of the Participant's Compensation
during the Plan Year immediately preceding the Plan Year of Disability.
Disability Benefits shall be payable in quarterly installments commencing on the
first day of the month following the Participant's Termination of Employment for
Disability and continuing on the first day of each calendar quarter thereafter
until the earliest of (i) the Participant's recovery from the Disability or (ii)
the end of the Plan Year in which the Participant receives Retirement Benefits
in lieu of Disability Benefits under Section 6.2.2. If at the date of
Termination of Employment for Disability, the Participant has an Incomplete
Benefit Unit or a Deferral Account with respect to Rollover Amounts, the
remaining deferrals shall be deducted from the Disability Benefit payments, or
shall continue to rollover from the Old Plan or the Director's Plan in
accordance with Section 4.7, as the case may be, until such Benefit Unit is
completed.

          6.2.2     Coordination with Retirement Benefits.

          (i)    Normal Retirement Date. A Participant who reaches the Normal
                 Retirement Date while disabled and without making the election
                 under Section 6.2.2(ii), below, shall receive, commencing on
                 such date, the Retirement Benefit set forth in Section 6.1,
                 payable in accordance with Section 6.6 (taking into account

<PAGE>

                 elections which may be made thereunder), and such Participant
                 shall no longer be entitled to receive any Disability Benefits.

          (ii)   Early Retirement Date. A Participant whose Termination of
                 Employment for Disability occurs prior to the Early Retirement
                 Date, but who reaches such date while disabled, may elect
                 within thirty (30) days before such date to receive the
                 Retirement Benefit set forth in Section 6.1, payable in
                 accordance with Section 6.6 (taking into account elections
                 which may be made thereunder), in lieu of any Disability
                 Benefit. A Participant whose Termination of Employment for
                 Disability occurs after the Early Retirement Date (but prior to
                 the Normal Retirement Date) may elect within thirty (30) days
                 of Termination of Employment to receive the Retirement Benefit
                 set forth in Section 6.1, payable in accordance with Section
                 6.6 (taking into account elections which may be made
                 thereunder), in lieu of any Disability Benefit, as if the
                 Participant retired on the Determination Date following the
                 election.

<PAGE>

          (iii)  Termination of Disability Benefits. A Participant who is an
                 Employee who makes the election under Section 6.2.2(ii), above,
                 shall no longer be entitled to receive any additional
                 Disability Benefits as of the date of such election. A
                 Participant who is an Employee who reaches the Normal
                 Retirement Date while disabled and without making the election
                 under 6.2.2(ii), above, shall no longer be entitled to receive
                 any Disability Benefits as of such Normal Retirement Date. A
                 Participant who is a Director shall be entitled to receive
                 Disability Benefits until such Director, in fact, begins
                 receiving the Retirement Benefit set forth in Section 6.1.,
                 payable in accordance with Section 6.6 (taking into account
                 elections which may be made thereunder).

          6.2.3   Survivorship Benefits. If a Participant dies while receiving
Disability Benefits under Section 6.2.1, the Company shall pay to the
Participant's Beneficiary the pre-retirement survivor's benefit provided for in
Section 6.5.1. If a Participant dies while receiving Retirement Benefits
pursuant to Section 6.2.2(i), the Company shall pay the survivor benefits
specified in Section 6.5.2, Section 6.5.3, and, if applicable, Section 6.5.4.

<PAGE>

6.3   Benefits For Employees Upon Other Terminations of Employment.

          This 6.3 shall only apply to a Participant who is an Employee.

          6.3.1   Amount of Benefit. Unless the Retirement Committee, in its
sole and absolute discretion, waives all or any part of the terms and conditions
of this Section 6.3.1, upon a Participant's Termination of Employment for
reasons other than death, Disability, or Retirement, the rights of the
Participant, his spouse, if any, and his Beneficiary to benefits under this Plan
shall cease, except that the Company shall pay to the Participant a benefit
determined as follows:

          (i)  If the Participant at the date of Termination of Employment has
               been employed by the Company for at least ten (10) years, but has
               not attained age 55, the benefit under this Section 6.3.1 shall
               equal the amount of the Participant's Deferral Account as of the
               date of Termination of Employment calculated as if such date were
               a Determination Date.

          (ii) If the Participant at the date of Termination of Employment has
               not been employed by the Company for ten (10) years, the benefit
               under this Section 6.3.1 shall equal the amount in the
               Participant's Deferral Account calculated as if

<PAGE>

               such date were a Determination Date; provided, however, that the
               Deferral Account balance shall be redetermined on a retroactive
               basis from the date of the Participant's first deferral using the
               Old Plan Interest Rate.

          6.3.2   Form of Payment. The amount in the Participant's Deferral
Account shall be payable either (i) in a single lump-sum payment within thirty
(30) days of the date of Termination of Employment, or (ii) in not more than
twenty (20) equal annual installments commencing within thirty (30) days of the
date of Termination of Employment, as determined by the Retirement Committee in
its sole and absolute discretion. If the Retirement Committee determines not to
pay the amount in the Deferral Account in the form of a lump-sum payment, unpaid
amounts shall be credited with interest compounded annually at a rate equal to
the Old Plan Interest Rate in effect on the date of Termination of Employment.

6.4 Benefits Upon Termination of Employment Following a Change of Control.

          6.4.1   Payment of Benefits. If, within 24 months after a Change of
Control, a Termination of Employment with respect to a Participant occurs for
any reason, the rights of the Participant, his spouse, if any, and his
Beneficiary to benefits under the Plan shall cease, except that the Participant
shall receive the full amount in his Deferral

<PAGE>

Account on the date of Termination of Employment calculated as if such date were
a Determination Date and without reduction for any reason whatsoever. Such
benefit shall be payable in a lump sum as soon as possible. Following such
payment, the Participant shall have no further right to any benefit pursuant to
this Plan.

          6.4.2   Election upon Reduction in Plan Interest Rate. If, within
twenty-four (24) months of a Change of Control, the Plan is amended to reduce
the Plan Interest Rate, on a prospective basis, a participant may elect within
sixty (60) days of the date of the amendment to receive his Deferral Account
balance calculated without regard to the reduced rate and as if the date of the
election were a Determination Date. The amounts so calculated shall be paid in a
lump sum on the first business day of the calendar year following the year of
the election. Following such election, the Participant, his spouse, if any, and
his Beneficiary shall have no further right to any benefit pursuant to this
Plan, other than the lump sum payment provided for in this Section 6.4.2.

          6.4.3   Termination of Plan. In the event of a Change of Control, the
Board may within twelve (12) months thereof terminate the Plan and,
notwithstanding any provision of the Plan to the contrary, a Participant shall
then receive the full amount in his Deferral Account, calculated as if the date
of the termination of the Plan were a Determination Date and

<PAGE>

without reduction for any reason whatsoever. Such benefit shall be payable in a
lump sum as soon as possible following the decision of the Board to terminate
the Plan.

          6.4.4   Parachute Payments. Notwithstanding anything in the Plan to
the contrary, any amount paid under this Section 6.4 which constitutes a
"parachute payment," as defined in Section 28OG of the Internal Revenue Code of
1954, as amended, or any successor provision thereto, shall be increased to be
equal to one hundred thirty percent (130%) of the amount which would otherwise
be paid to a Participant hereunder.

6.5 Survivorship Benefits.

          6.5.1   Death Prior to Early Retirement Date. If a Participant dies
after the start of a Plan Year with respect to which a Deferred Compensation
Election has been made, but prior to the Early Retirement Date, the Company
shall pay to the Participant's Beneficiary an annual pre-retirement survivor's
benefit equal to fifty percent (50%) of the Participant's Stated Deferral for
each Benefit Unit, payable in equal annual installments commencing on the first
day of the month coincident with or next following the Participant's death and
continuing on the anniversary date of the first payment thereafter until the
later of (i) the date the Participant would have reached age 65, or (ii) fifteen
(15) years from the date of the first installment. However, if the Retirement
Committee determines after the Participant's death that a

<PAGE>

distribution of the Participant's Deferral Account for each Benefit Unit,
assuming the Participant elected to retire the day before he died and elected to
be paid at that time in accordance with the normal form of payment of Retirement
Benefits set forth in Section 6.6.1, would produce a greater benefit than that
described above, the Beneficiary shall receive, in lieu of the benefit described
above, such Deferral Account balance paid under Section 6.6.1. Payment of the
benefit under this Section 6.5.1 shall relieve the Company of the obligation to
pay the Retirement Benefit which the Participant's Beneficiary would have
otherwise received under Section 6.1 of the Plan.

          6.5.2       Death After Early Retirement Date.

          (i)  Amount of Benefit. If a Participant dies after the Early
               Retirement Date but while employed by the Company, the Company
               shall pay to the Participant's Beneficiary an amount, calculated
               as of the day before the Participant's death, equal to seven and
               one-half (7-1/2) times the Participant's Stated Deferral for each
               Benefit Unit. However, if the Retirement Committee determines, at
               the time of the Participant's death, that a distribution of the
               benefits, if any, that would have been payable under the Plan had
               the Participant elected to retire the day

<PAGE>

               before he died and elected to be paid at that time in accordance
               with the normal form of payment of Retirement Benefits set forth
               in Section 6.6.1 would produce a greater benefit than that
               described above, the Beneficiary shall receive, in lieu of the
               benefit described above, such benefits which would have been
               payable under the Plan had the Participant elected to retire the
               day before he died.

          (ii) Form of Payment. The benefit under this Section 6.5.2 shall be
               payable in equal annual installments commencing on the first day
               of the month coincident with or next following the Participant's
               death, and continuing on the anniversary date of such payment
               thereafter for a period of twenty (20) years. Payment of such
               benefit shall relieve the Company of the obligation to pay the
               Retirement Benefit which the Participant's Beneficiary would have
               otherwise received under Section 6.1 of the Plan.

          6.5.3   Death After Commencement of Benefits. If a Participant dies
after Retirement Benefit payments have commenced hereunder, but prior to
receiving all of the scheduled annual payments, the Company shall pay the
remaining annual payments to the Participant's Beneficiary.

<PAGE>

          6.5.4   Survivor Spouse Benefit. If a Termination of employment occurs
for a Participant and such Participant thereafter dies following the Early or
Normal Retirement Date and is survived by a spouse, the Company shall pay to
such surviving spouse an annual benefit equal to fifty percent (50%) of the
annual Retirement Benefit which would have been payable under the Plan had the
Participant elected to be paid in accordance with the normal form of payment of
Retirement Benefits set forth in Section 6.6.1; provided, however, that if as of
the Participant's date of death the spouse is more than thirty-six (36) months
younger than the Participant, the amount of such benefit shall be reduced by
one-half of one percent (0.5%) for each month's difference in their ages in
excess of thirty-six (36). Such benefit shall be paid, at the election of the
Retirement Committee, either in equal annual installments continuing until such
spouses's death or in a lump-sum amount determined by the Retirement Committee
to be the actuarial equivalent thereof. Such benefit shall be paid as of (i) the
first day of the month following the month which is twenty (20) years after the
commencement of the Participant's Retirement Benefits or (ii) the first day of
the month following the month of the Participant's death, whichever occurs
later. Payments under this Section 6.5.4 shall be in addition to other payments
which the spouse or any other Beneficiary is entitled to receive under the Plan.
Payments under this Section 6.5.4 shall only be made in the event that

<PAGE>

the Participant was married on the date of his death and such payments shall
only be made to such spouse.

6.6 Form of Payment of Benefits.

          6.6.1   Normal Form. The normal form of payment of Retirement Benefits
shall be equal annual installments based upon the Deferral Account balance as of
the Determination Date specified in Section 6.1.2 or Section 6.1.3, whichever
applies, commencing on the first day of the month following such Determination
Date and continuing on the anniversary date of the first payment thereafter for
a period of twenty (20) years. The remaining balance of the Participant's
Deferral Account shall continue to be credited on each Determination Date with
the Plan Interest Rate, compounded annually, during such period. The
Participant's annual payments shall be calculated based on an assumed interest
rate of twelve percent (12%) per annum. If the interest actually credited with
respect to a Plan Year is more than that assumed, the difference shall be paid
to the Participant with the amounts otherwise payable in the next Plan Year or
at such other time as the Retirement Committee, in its sole and absolute
discretion, shall determine. If the interest actually credited is less than that
assumed, the difference shall be deducted either (i) ratably from the amounts
payable in following Plan Years, or (ii) from the first amounts payable in the
next Plan Year, as the Retirement Committee, in its sole and absolute
discretion, shall determine.

<PAGE>

          6.6.2   Alternative Forms.

            (a)   In lieu of payment of the Retirement Benefit over a twenty
                  (20) year period as provided for in Section 6.6.1 above, the
                  Retirement Committee may, in its sole and absolute discretion,
                  upon the Participant's request, permit the Participant to
                  elect to be paid such benefits in a lump sum, over a five (5)
                  year, ten (10) year or fifteen (15) year period.

            (b)   With respect to benefits payable pursuant to the provisions of
                  Sections 6.1.2, 6.1.3, 6.3.2, 6.5.3, 6.5.4, 6.6.2(a), 6.9, and
                  6.10, and notwithstanding any other provision thereof,
                  following a Participant's Termination of Employment, a
                  Participant may, or in the event of his or her death
                  thereafter, Participant's surviving spouse or beneficiary may,
                  elect to receive all or a portion of the present value of the
                  Participant's Deferral Account or Retirement Benefit Plan
                  Account prior to the date same becomes due and payable,
                  subject to forfeiture of 10% of the amount to be received.

          6.6.3   Deferred Payment. A Participant may also request that the
Retirement Committee, in its sole and absolute discretion, permit a deferral of
the commencement of Retirement Benefit payments until the Plan Year in which the
Participant reaches age 70-1/2, or in the case of an Employee for up to five (5)
Plan Years, whichever occurs first after the Employee's Retirement. If the
Retirement Committee permits such a deferral, the Deferral Account shall be
credited with interest by applying the Plan Interest Rate, compounded annually,
during the period between Termination of Employment and the commencement of
benefit payments hereunder.

          6.6.4   Form of Request. A request to the Retirement Committee under
Section 6.6.2 or Section 6.6.3 must be made in writing to the Retirement
Committee, in such form as it may require, no later than the last day of the
calendar year preceding the calendar year in which Retirement occurs.

6.7   Recipients of Payments; Designation of Beneficiary.

          All payments to be made by the Company shall be made

<PAGE>

to the Participant, if living. Except as otherwise provided herein, in the event
of a Participant's death prior to the receipt of all benefit payments, all
subsequent payments to be made under the Plan shall be to the Beneficiary of the
Participant. Unless otherwise specified in the Participant's Beneficiary
designation, in the event a Beneficiary dies before receiving all payments due
to such Beneficiary pursuant to this Plan, the then remaining payments shall be
paid to the legal representatives of the Beneficiary's estate. The Participant
shall designate a Beneficiary, or during his lifetime change such designation,
by filing a written notice of such designation with the Company in such form and
subject to such rules and regulations as the Retirement Committee may prescribe.
If the Participant's Compensation constitutes community property, then any
Beneficiary designation made by the Participant other than a designation of such
Participant's spouse shall not be effective if any such Beneficiary or
beneficiaries are to receive more than fifty percent (50%) of the aggregate
benefits payable hereunder, unless such spouse shall approve such designation in
writing. If no designation shall be in effect at the time when any benefits
payable under this Plan shall become due, the Beneficiary shall be the legal
representatives of the Participant's estate.

          In the event a benefit is payable to a minor or person declared
incompetent or to a person incapable of handling the

<PAGE>

disposition of his property, the Retirement Committee may determine to pay such
benefit to the guardian, legal representative or person having the care or
custody of such minor, incompetent or person. The Retirement Committee may
require proof of incompetency, minority or guardianship as it may deem
appropriate prior to distribution of the benefit. Such distribution shall
completely discharge the Retirement Committee and the Company from all liability
with respect to such benefit.

6.8 Financial Emergency.

          In the event of a Participant's severe financial hardship, the
Retirement Committee, in its sole and absolute discretion, may alter the timing
or manner of payment of any benefits or deferred amounts to be paid pursuant to
the Plan or release the Participant from the obligation of making all or any
part of remaining Stated Deferrals with respect to an Incomplete Benefit Unit.
Severe financial hardship shall be deemed to have occurred in the event of the
Participant's impending bankruptcy, a dependent's long and serious illness or
other events of similar magnitude. The Retirement Committee's decision in
passing upon the severe financial hardship of the Participant and the manner in
which, if at all, the payment or deferral of any amounts pursuant to the Plan
shall be altered or modified shall be final, conclusive and not subject to
appeal. In the event that the Retirement Committee makes a finding of severe
financial hardship, it may:

<PAGE>

          (i)  If the Participant has an Incomplete Benefit Unit and the
               Retirement Committee has determined to release the Participant
               from the obligation of making the remaining Stated Deferrals with
               respect thereto, then recalculate the amount of such Deferral
               Account using the Old Plan Interest Rate or Director's Plan
               Interest Rate, as the case may be, and distribute to the
               Participant or transfer to the Participant's account in the Old
               Plan or the Director's Plan all or any portion of the
               Participant's Deferral Account (after taking into account such
               recalculation) with respect to such Incomplete Benefit Unit.

          (ii) Distribute to the Participant or transfer to the Participant's
               account in the Old Plan or the Director's Plan, as the case may
               be, all or any part of the balance of the Participant's Deferral
               Account with respect to a completed Benefit Unit. Prior to any
               distribution or transfer under this Section 6.8(ii) of all, but
               not less than all, the Deferral Account balance with respect to
               any completed Benefit Unit, such Deferral Account shall be
               credited with interest earned at the Plan Interest Rate from the
               immediately preceding Determination Date as if

<PAGE>

               the date of the distribution or transfer were a Determination
               Date. The Retirement Committee shall have complete and absolute
               discretion in determining the form of any distribution to be made
               pursuant to this Section 6.8(ii). The Participant, his spouse, if
               any, and his Beneficiary waive all rights under the Plan with
               respect to amounts distributed or transferred in accordance with
               the terms of this Section 6.8(ii).

The Participant shall have no right to make up any amount distributed or
transferred as a result of a determination of financial emergency by the
Retirement Committee pursuant to this Section 6.8.

6.9 Payment of Incomplete Benefit Units and Retirement Benefit Plan Account. The
Retirement Committee, in its sole and absolute discretion, shall determine the
period of time over which any amount attributable to an Incomplete Benefit Unit
under Section 6.1.1 hereof, and the balance in a Participant's Retirement
Benefit Plan Account, shall be paid. In the event that such amounts are not paid
in a lump sum, any remaining balance thereof shall continue to be credited on
each Determination Date with the Old Plan Interest Rate or Director's Plan
Interest Rate, as may be the case, compounded annually during the period in
which payments are being made therefrom. All such payments to be made by the
Company shall

<PAGE>

be made to the Participant, if living. In the event of a Participant's death
prior to the receipt of all such benefit payments, all such subsequent payments
shall be made in accordance with the terms and conditions of any Beneficiary
designation made pursuant to Section 6.7 hereof.

6.10 Pre-Retirement Benefits. In the event that a Participant has made the
election provided for in Section 4.5.2 to receive amounts prior to Retirement,
such pre-retirement benefits shall be paid in accordance with such election,
either in four (4) equal annual installments or in a lump-sum amount, commencing
on the date provided for in such election. For a Participant who is an Employee,
the calculation of the amount of such pre-retirement benefit shall be made in
accordance with the terms and conditions of the Plan, including, without
limitation, Section 6.3 hereof.

                              Section 7. Forfeiture

          In the event that a Participant has deferred amounts under the Plan,
which have not been paid, and such Participant:

          (i)    Voluntarily terminates employment with the Company (or in the
                 case of a Director, service on the Board) before the expiration
                 of twelve (12) months following the date on which such
                 Participant first elected to defer Compensation hereunder
                 pursuant to Section 4 hereof;

<PAGE>

          (ii)   engages in felonious, fraudulent or other activity resulting in
                 harm to the Company;

          (iii)  divulges any of the Company's confidential information or trade
                 information or trade secrets to a competitor; or

          (iv)   within three (3) years following a Termination of Employment,
                 other than an involuntary termination, engages directly or
                 indirectly on his own behalf or as a partner, stockholder
                 (other than as a holder of less than one percent (1%) of the
                 outstanding stock of any class of any publicly traded company),
                 director, trustee, principal, agent, employee, consultant or
                 otherwise of any person, firm or corporation in competition
                 with or adverse to the interests of the Company within the
                 entire territory of operations of the Company,

then the Board, in its sole and absolute discretion, may terminate all or any
part of a Participant's right to any benefits whatsoever hereunder including,
but not limited to, the right to receive any amount with respect to any Deferral
Account or Benefit Unit. Any forfeiture pursuant to this Section 7 shall be
determined by a majority vote of the entire Board (not including the
Participant), but only after the Participant in question shall have had an
opportunity to

<PAGE>

appear, in person, before the Board to discuss the matter; provided, however,
that a Participant who engages in the activities described in clause (iv) above
shall be entitled to receive at least an amount equal to the Participant's
Deferral Account balance, redetermined on a retroactive basis from the date of
the Participant'S first deferral using the Old Plan Interest Rate, or the
Director's Plan Interest Rate in the case of a Participant who is a Director.

          In the event of a Participant's suicide during the first two (2) years
after the filing of any Deferred Compensation Election or any election with
respect to a Rollover Amount, the Retirement Committee, in its sole and absolute
discretion, may terminate all or any part of a Participant's (or Beneficiary's)
right to receive any benefits whatsoever hereunder, including, but not limited
to, the right to receive any amount with respect to any Deferral Account or
Benefit Unit; provided, however, that the Beneficiary of such a Participant
shall be entitled to receive at least an amount equal to that portion of the
Participant's Stated Deferral which has in fact been deferred pursuant to the
Plan, without increase for any Plan Interest Rate, growth addition or any other
amount, payable in such manner as the Retirement Committee, in its sole and
absolute discretion, shall determine.

          In the event a Participant (i) makes any material misstatement of
information in connection with any Deferred

<PAGE>

Compensation Election, (ii) fails to disclose to the Company or its agents any
material item of his medical history, or (iii) takes any other action (or fails
to take any action), which action (or failure to act) results in a loss to the
Company under the Plan, then the Retirement Committee, in its sole and absolute
discretion, may terminate all or any part of a Participant's (or Beneficiary's)
right to receive any benefits whatsoever hereunder, including, but not limited
to, the right to receive any amount with respect to any Deferral Account or
Benefit Unit.

                         Section 8. Non-Transferability

          In no event shall the Company make any payment under the Plan to any
assignee or creditor of a Participant or a Beneficiary. Prior to the time of
payment hereunder, a Participant or Beneficiary shall have no rights by way of
anticipation or otherwise to assign or otherwise dispose of any interest under
the Plan nor shall such rights be assigned or transferred by operation of law.

                            Section 9. Administration

9.1 Administration.

          This Plan shall be administered by the Retirement Committee. The
Retirement Committee may from time to time establish rules for the
administration of the Plan that are not inconsistent with the provisions of the
Plan.

<PAGE>

9.2 Finality of Determination.

          Any interpretation or determination by the Retirement Committee as to
any disputed questions arising under the Plan, including questions of fact (such
as when Disability exists) or questions of construction and interpretation,
shall be final, binding and conclusive upon all persons.

9.3 Claims Procedure.

          If any Participant, beneficiary or other properly interested party is
in disagreement with any determination that has been made under the Plan, a
claim may be presented, but only in accordance with the procedures set forth
herein.

          9.3.1 Original Claim.

          Any Participant, beneficiary or other properly interested party may,
if he so desires, file with the Retirement Committee a written claim for
benefits or a determination under the Plan. Within ninety (90) days after the
filing of such a claim, the Retirement Committee shall notify the claimant in
writing whether his claim is upheld or denied in whole or in part or shall
furnish the claimant a written notice describing specific special circumstances
requiring a specified amount of additional time (but not more than one hundred
eighty (180) days from the date the claim was filed) to reach a decision on the
claim. If the claim is denied in whole or in part, the Retirement Committee
shall state in writing:

          (i)    the reasons for the denial;

<PAGE>

          (ii)   the references to the pertinent provisions of this Plan on
                 which the denial is based;

          (iii)  a description of any additional material or information
                 necessary for the claimant to perfect the claim and an
                 explanation of why such material or information is necessary;
                 and

          (iv)   an explanation of the claims review procedure set forth in this
                 section.

          9.3.2 Claim Review Procedure.

          Within sixty (60) days after receipt of notice that his claim has been
denied in whole or in part, the claimant may file with the Retirement Committee
a written request for a review and may, in conjunction therewith, submit written
issues and comments. Within sixty (60) days after the filing of such a request
for review, the Retirement Committee shall notify the claimant in writing
whether, upon review, the claim was upheld or denied in whole or in part or
shall furnish the claimant a written notice describing specific special
circumstances requiring a specified amount of additional time (but not more than
one hundred twenty (120) days from the date the request for review was filed) to
reach a decision on the request for review.

          9.3.3 General Rules.

          (i)    No inquiry or question shall be deemed to be a claim or a
                 request for a review of a denied claim unless made in
                 accordance with the foregoing claims procedure. The Retirement
                 Committee may require that any claim for benefits and any
                 request for a review of denied claim be filed on forms to be
                 furnished by the Retirement Committee upon request.

<PAGE>

          (ii)   All decisions on claims and on requests for a review of denied
                 claims shall be made by the Retirement Committee. In accordance
                 with Section 9.2 hereof, decisions of the Retirement Committee
                 shall be final, binding and conclusive upon all persons.

          (iii)  The Retirement Committee may, in its discretion, hold one or
                 more hearings on a claim or a request for a review of a denied
                 claim.

          (iv)   Claimants may be represented by a lawyer or other
                 representative (at their own expense), but the Retirement
                 Committee reserves the right to require the claimant to furnish
                 written authorization. A claimant's representative shall be
                 entitled to copies of all notices given to the claimant.

          (v)    The decision of the Retirement Committee on a claim and on a
                 request for a review of a denied claim shall be served on the
                 claimant in writing. If a decision or notice is not received by
                 a claimant within the time specified, the claim or request for
                 a review of a denied claim shall be deemed to have been denied.

          (vi)   Prior to filing a claim or a request for a review of a denied
                 claim, the claimant or his representative shall have a
                 reasonable opportunity to review a copy of this Plan and all
                 other pertinent documents in the possession of the Company and
                 the Retirement Committee.

9.4 Expenses.

          The cost of payment from the Plan and the expense of administering the
Plan shall be borne by the Company.

9.5 Tax Withholding.

          The Company shall have the right to deduct from all payments to be
made under the Plan, any federal, state or local taxes or other charges required
by law to be withheld with respect to such payments.

<PAGE>

                      Section 10. Amendment and Termination

          The Company expects the Plan to be permanent but since future
conditions affecting the Company cannot be anticipated or foreseen, the Company
must necessarily and does hereby reserve the right to amend, modify or terminate
the Plan at any time and in any manner whatsoever by action of the Board or the
Retirement Committee (with the written concurrence of the Chief Executive
Officer). Any such amendment, modification or termination of the Plan may occur
either (i) without limitation, by resolution of the Board or (ii) in any respect
that does not materially increase the cost of the Plan to the Company, by action
of the Retirement Committee (with the written concurrence of the Chief Executive
Officer); provided, however, that only the Board shall have the power to
terminate the Plan or change the Plan Interest Rate on either a prospective or
retroactive basis as hereinafter described. The power to amend the Plan includes
the power to change the Plan Interest Rate on both a prospective and retroactive
basis but in no event shall the Plan Interest Rate be reduced retroactively to a
level below the Old Plan Interest Rate (or for Directors, the Director's Plan
Interest Rate) for the years in question; provided, however, that
notwithstanding any provision to the contrary herein, upon a Change of Control,
neither the Board, the Retirement Committee nor the Company shall have any power
or authority to change the Plan Interest

<PAGE>

Rate on a retroactive basis. If the Plan is terminated, any remaining deferrals
under a Deferred Compensation Election shall not be made and the amount in each
Participant's Deferral Account, after being recalculated to take into account
any lower Plan Interest Rate, shall be payable as determined by the Retirement
Committee in its sole and absolute discretion.

                           Section 11. Applicable Law

          The Plan shall be governed and construed in accordance with the laws
of the State of Minnesota. The invalidity of any portion of the Plan shall not
invalidate the remainder hereof and said remainder shall continue in full force.
The captions and other titles herein are designed for convenience only and are
not to be resorted to for the purpose of interpreting any provision of the Plan.

                          Section 12. No Vested Rights

          The Plan and elections hereto shall not be deemed or construed to be a
written contract of employment between any Employee or Director and the Company,
nor shall any provision of the Plan (i) restrict the right of the Company to
discharge any Employee or (ii) in any way whatsoever grant to any Employee or
Director the right to receive any guaranteed base compensation, Bonus, incentive
bonus awards, commissions, fees or any other payments of any nature whatsoever.

                          Section 13. Binding Agreement

          The provisions of the Plan shall be binding upon the Participant, his
or her heirs, personal representatives and

<PAGE>

beneficiaries, and subject to the rights granted to amend or terminate the Plan,
the provisions of the Plan shall also be binding upon the Company, its
successors and assigns.

          Pursuant to a resolution, duly adopted by the Board on June 27, 1985,
the Retirement Committee, on behalf of the Company, has caused the Plan to be
adopted, approved and this document to be executed by the Chief Executive
Officer. The Plan shall be effective immediately to the extent necessary to
permit deferrals in accordance with the terms and conditions of the Plan to be
made as of the effective Date.

                                           SUPERVALU INC.

                                           By
                                             --------------------------------
                                             Its Chief Executive Officer

                                           Date:
                                                -----------------------------

Adopted: 06/27/85
Amended: 04/13/88
Amended: 11/23/02

041888
   384

<PAGE>

                                                                      APPENDIX A

             AMENDMENTS TO NONQUALIFIED DEFERRED COMPENSATION PLANS

RESOLVED, that the nonqualified deferred compensation plans maintained by
SUPERVALU INC. and known as the SUPERVALU Deferred Compensation Plan and the
SUPERVALU INC. Executive Deferred Compensation Plan II("Plans") shall be amended
to provide for the following:

1. A matching contribution ("Restoration Match") shall be made for each fiscal
year ending on the last Saturday in February ("Fiscal Year") to participants in
the Plans who are eligible to participate in the SUPERVALU Pre-Tax Savings and
Profit Sharing Plan for such Fiscal Year.

2. Subject to further amendment, the Restoration Match shall be made for the
Fiscal Year ending February 22, 1997 and subsequent Fiscal Years.

3. The Restoration Match shall be based on a dollar amount ("Deemed Deferral
Amount") equal to the product of (i) a percentage (not to exceed five percent
(5%)) determined by dividing the participant's deferrals into the Plans for such
Fiscal Year into the participant's income for such Fiscal Year: and (ii) the
excess of the participant's income for such Fiscal Year over the compensation
limit established under section 401(a)(17) of the Internal Revenue Code for such
Fiscal Year (e.g., $150,000 for Fiscal Year ending on February 22, 1997).

4. The Restoration Match for a Fiscal Year shall be equal to the participant's
Deemed Deferral Amount multiplied by the aggregate matching rate credited to the
participant elective contributions under the SUPERVALU Pre-Tax Savings and
Profit Sharing Plan for such Fiscal Year.

5. The Restoration Match shall be credited to the participants under one of the
Plans as determined by SUPERVALU INC. as soon as administratively feasible after
the close of the Fiscal Year for which it is made and shall be subject to all
other rules established under such Plans: provided, however, that it shall be
subject to the vesting rules in effect under the SUPERVALU Pre-Tax Savings and
Profit Sharing Plan.

FURTHER RESOLVED, to the extent necessary, these resolutions will constitute an
amendment to the Plans.

FURTHER RESOLVED, that the Retirement Committee of SUPERVALU INC. is authorized
and directed to take whatever actions it deems necessary to implement these
resolutions including, but not limited to, approval of amendments of the plan
statements which incorporate the provisions of the Plans.

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