Document:

Exhibit 10.1

                       Deferral Plan for Senior Executive
                       Officers of Triarc Companies, Inc.

                           Effective December 14, 2000

                                TABLE OF CONTENTS

                                                            Page

ARTICLE I

     Definitions..............................................

ARTICLE II

     Deferred Bonus Accounts..................................

ARTICLE III
     Payment of Deferred Bonus Accounts.......................

ARTICLE IV
     Vesting..................................................

ARTICLE V
     Funding; ERISA Status....................................

ARTICLE VI
     Administration...........................................

ARTICLE VII
     Amendment; Termination; Mandatory Distribution...........

ARTICLE VIII
     General Provisions.......................................

<PAGE>

                                   ARTICLE I
                                   Definitions

         1.1. As used in the Plan, the following terms shall have the meanings
hereinafter set forth:

         "Approved  Investment"  means  any  financial  instrument  which (i) is
susceptible  to  reasonably   ascertainable   periodic  valuations  without  the
necessity of the Company  hiring a valuation  expert for such  purpose,  (ii) is
available  for  purchase by the Trust  contemporaneously  with the decision by a
Participant  or an  investment  manager to deem a Deferred  Bonus  Account to be
invested in such financial  instrument pursuant to Section 2.2, and (iii) may be
liquidated by the Trust for an amount approximating its current stated valuation
in a reasonable time or title of which is assignable no less often than once per
month at the option of the  Committee to an  applicable  Participant;  provided,
however, that clauses (ii) and (iii) shall not apply in the case of any Deferred
Bonus  Account  which is not  intended  by the Company to be  replicated  in the
Trust. The Committee shall have the authority to deny Approved Investment status
to any particular financial instrument, at its sole discretion.

         "Beneficiary" means any person(s) or legal entity(ies)  designated by a
Participant,  or otherwise  determined  to be a  Participant's  Beneficiary,  in
accordance with Section 8.6.

         "Bonus"  means the Initial  Bonuses,  and any other bonus  awarded to a
Participant  and  designated  by the Committee to be a Bonus for purposes of the
Plan.

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

         "Committee" means the Compensation  Committee of the Board of Directors
of the Company.

         "Company" means Triarc Companies, Inc., and its successors and assigns.

         "Deferred  Bonus  Account"  means  one  or  more  bookkeeping  accounts
established and maintained by the Company to reflect Bonuses  deferred under the
Plan,  as  adjusted  from time to time for  earnings  and  investment  gains and
losses.  A separate  Deferred  Bonus Account shall be maintained  for each Bonus
deferred hereunder.

         "ERISA" means the Employee  Retirement  Income Security Act of 1974, as
amended.

         "Financial  Hardship" means severe financial  hardship to a Participant
resulting from a sudden and unexpected illness or accident of the Participant or
a  dependent,  loss of the  Participant's  property  due to  casualty,  or other
similar  extraordinary  and unforeseeable  circumstances  arising as a result of
events  beyond  the  control of the  Participant.  The  circumstances  that will
constitute a Financial Hardship will depend upon the facts of each case and will
be determined by the Committee in its sole discretion.

         "Initial  May Bonus" means the deferred  bonus  awarded to  Participant
Peter May on December 14, 2000 by action of the Committee.

         "Initial  Peltz Bonus" means the deferred  bonus awarded to Participant
Nelson Peltz on December 14, 2000 by action of the Committee.

         "Participant"  means  Nelson  Peltz,  Peter  May and any  other  senior
executive officer of the Company designated by the Committee as a Participant in
the Plan.  A person  shall cease to be a  Participant  when all the  benefits to
which he is due have been paid in accordance with the terms of the Plan.

         "Plan" means this Deferral Plan for Senior Executive Officers of Triarc
Companies, Inc., as embodied herein and as amended from time to time.

         "Separation from Service" means a determination by the Committee that a
Participant's  employment  with the Company and all members of its  consolidated
Federal income tax filing group has terminated for any reason.

         "Trust" means any so-called  "rabbi trust"  established  by the Company
with the intention of satisfying the Company's  obligations in respect of one or
more Deferred Bonus Accounts.

         Wherever any words are used herein in the masculine gender,  they shall
be construed  as though they were also used in the feminine  gender in all cases
where  they  would so apply,  and  wherever  any  words  are used  herein in the
singular  form,  they shall be  construed  as though  they were also used in the
plural form in all cases where they would so apply.

                                   ARTICLE II
                             Deferred Bonus Accounts

         2.1.     The Committee shall establish and maintain a Deferred Bonus
Account for each Bonus deferred under the Plan.

         2.2. The Deferred  Bonus  Account of each  Participant  shall be deemed
invested  in  any  combination  of (i) to the  extent  a  Participant  requests,
Approved Investments selected by an investment manager chosen by the Company and
reasonably  acceptable to the Participant,  and (ii) to the extent a Participant
does not request the appointment of an investment manager,  Approved Investments
selected by the Participant.  The Participant or the investment  manager, as the
case may be,  may  elect to  change  his or its  investment  election  as to the
relevant  portion of a particular  Deferred  Bonus  Account at any time and from
time to time  without  limitation.  In the case of any  Deferred  Bonus  Account
intended  by the  Company  to be  replicated  in a Trust,  any  change in deemed
investments  shall not be effective  until such Trust has replicated such change
through the actual  purchase  and sale of Approved  Investments.  The value of a
Deferred  Bonus  Account  shall be  adjusted  from time to time to  reflect  the
investment earnings,  gains, losses and any applicable costs and expenses of the
applicable Approved Investments,  as if the Deferred Bonus Account were actually
invested  therein.  In the case of any  Deferred  Bonus  Account  intended to be
replicated in a Trust, it is the intention of the Company that the value of such
Deferred  Bonus Account on the books of the Company be equal to the value of the
actual Approved  Investments related thereto in such Trust.  Notwithstanding the
above, each of the Initial May Bonus and the Initial Peltz Bonus shall be deemed
uninvested (with no investment earnings,  gains, losses, costs or expenses) from
December 14, 2000 through January 22, 2001.

                                  ARTICLE III
                       Payment of Deferred Bonus Accounts

         3.1 (a)  Subject to Section  3.1(b), each Participant shall receive a
payment in cash or Approved  Investments,  or any combination thereof,  from the
Company  equal to the  value of each of his  Deferred  Bonus  Accounts  upon the
earliest of (i) as to any particular Deferred Bonus Account,  the first business
day in January of the fourth  calendar year following the calendar year in which
the Bonus to which  such  Deferred  Bonus  Account  relates  is  awarded  to the
Participant;  (ii) no later than five business days following the  Participant's
Separation  from Service  (including on account of death,  in which case payment
will be made to the  Participant's  Beneficiary);  and  (iii)  such  time as the
Committee  determines  that such payment  would be deductible by the Company for
Federal income tax purposes without regard to the limitation of Code ss.162(m).

         (b)  A  Participant  may,  on or  before  the June 30
preceding the payment date specified in clause (i) of Section  3.1(a),  elect to
defer such date from one to three  additional whole years, and such elected date
shall thereafter constitute the applicable date for purposes of such clause (i).
This  Section  3.1(b) may be utilized by a  Participant  more than one time.  No
election  under this  Section  3.1(b)  shall affect the timing of payment of the
amount in a Deferred Bonus Account  pursuant to clauses (ii) or (iii) of Section
3.1(a).  Any election made under this Section 3.1(b) must be communicated to the
Committee in writing prior to the applicable deadline.

         3.2  Payments  under the Plan shall be  considered  compensation  to a
Participant when paid, subject to all applicable federal, state and local income
taxes, withholding and reporting.

         3.3  Notwithstanding anything herein to the contrary, a Participant may
request  and receive a hardship  distribution  of all or a portion of the amount
credited to his Deferred Bonus Accounts if the Participant demonstrates,  to the
satisfaction  of the  Committee,  that he has suffered a Financial  Hardship.  A
hardship distribution request must be made on the form provided by the Committee
and  shall be  subject  to any  rules  established  by the  Committee  governing
hardship distributions. The amount distributed to a Participant pursuant to this
Section 3.3 cannot exceed the lesser of (a) the aggregate  balance in all of the
Participant's  Deferred Bonus Accounts,  or (b) the amount  necessary to satisfy
the Participant's Financial Hardship.  Distributions may not be made pursuant to
this Section 3.3 to the extent that the Participant's  Financial  Hardship is or
may be relieved  (i) through  reimbursement  or  compensation  by  insurance  or
otherwise or (ii) by liquidation of the Participant's  assets, to the extent the
liquidation of such assets would not itself cause severe financial hardship.  No
distribution  under this Section 3.3 may be made prior to the time the Committee
approves the distribution.

         3.4 Any payment made to a Participant or his  Beneficiary  pursuant to
the terms of the Plan shall reduce by a corresponding  amount the balance in the
applicable Deferred Bonus Account,  and shall constitute a complete discharge of
the obligations of the Company and the Committee with respect thereto.

         3.5 Any payment made to a Participant or his  Beneficiary  pursuant to
the  terms  of the  Plan  shall  be in  cash  or  Approved  Investments,  or any
combination  thereof,  which  have  been held by the  Company  or in a Trust for
purposes  of  replicating  the  Deferred  Bonus  Account to which  such  payment
relates, as selected by the Committee in its sole discretion.

                                   ARTICLE IV
                                     Vesting

         4.1  A Participant shall at all times be fully vested in his Deferred
Bonus Accounts.

                                   ARTICLE V
                              Funding; ERISA Status

        5.1 All amounts  credited  under the Plan shall be payable solely from
the general assets of the Company (which shall  include,  for this purpose,  the
assets of each Trust created  pursuant to Section 5.3). The  Participants  shall
have the status of general  unsecured  creditors  of the Company with respect to
the Company's obligation to make payments under the Plan.

         5.2 All amounts  credited to  Participants'  Deferred  Bonus  Accounts
shall, at all times, be subject to the risk of the Company's business and may be
deposited in an account or accounts in the  Company's  name in any bank or trust
company.

         5.3 The Company is not required to fund or otherwise  segregate assets
for payment of the benefits  hereunder.  Notwithstanding the preceding sentence,
it is hereby acknowledged that the Company may create one or more Trusts to hold
assets which may be used for the  discharge of its  obligations  under the Plan.
Such assets shall be available solely to (i) discharge the Company's obligations
under the Plan and (ii)  satisfy any claims of the  Company's  creditors  in the
event of the Company's insolvency or bankruptcy,  under the terms and conditions
described  in the trust  agreement  establishing  any such Trust.  It is further
acknowledged  that (i) funds in an amount not less than $7.5  million  have been
contributed  to a Trust,  and that the Company  intends that such Trust use such
funds to replicate the Deferred Bonus Account relating to the Initial May Bonus,
and (ii) funds in an amount of not less than $15.0 million have been contributed
to another  Trust,  and that the Company  intends that such other Trust use such
funds to replicate  the Deferred  Bonus  Account  relating to the Initial  Peltz
Bonus. Each Trust is intended to be a "grantor trust" within the meaning of Code
ss.ss.671-679,  and is intended to be  structured  so that no  Participant  will
recognize  any income for  Federal  income tax  purposes  on account of any such
Trust  unless and until such  Participant  receives a  distribution  of benefits
under the Plan.

         5.4  The Plan is not  intended to be subject to ERISA.  If the Plan is
determined by the Committee, upon the advice of counsel, to be subject to ERISA,
then the Plan is intended to be unfunded  and  maintained  primarily  to provide
deferred  compensation  benefits  for "a select  group of  management  or highly
compensated employees" within the meaning of Sections 201, 301 and 401 of ERISA,
and therefore to be exempt from Parts 2, 3, and 4 of Title I of ERISA.

         5.5 If and only if it is determined by the Committee  that the Plan is
subject to ERISA,  this Section 5.5 shall apply.  Upon the submission of a claim
for  benefits  under  the Plan by a  Participant,  the  Committee  shall  make a
determination  as to the merits of the claim.  The  Committee  must give written
notice to the  Participant of the approval or denial of the claim within 90 days
after the claim is filed with the Committee  (180 days if special  circumstances
exist,  with written notice to the Participant of the delay).  In the event of a
denial,  such notice must set forth (i) the  specific  reason or reasons for the
denial,  (ii) the specific Plan  provisions on which the denial is based,  (iii)
any additional material or information  necessary for the Participant to perfect
the claim and an  explanation  of why such material or information is necessary,
and (iv) an  explanation  of the Plan's claim review  procedure.  Following  the
receipt of such denial,  the  Participant may (i) request a review of the denial
by filing a written  application  for review with the  Committee  within 60 days
after receipt of such denial,  (ii) request a review of documents  considered by
the  Committee  pertinent to the claim at such  reasonable  time and location as
shall be mutually  agreeable to the  Participant  and the  Committee,  and (iii)
submit  issues  and  comments  in  writing  to  the  Committee  relating  to the
Committee's review of the denial. After consideration of the request for review,
the Committee shall make a determination  and render a final written decision to
the  Participant by registered  mail within 60 days after receipt of the request
for review of the denial (except that such period may be extended to 120 days if
special  circumstances  exist,  with written  notice to the  Participant  of the
delay).  Such final decision must contain the specific  reasons for the decision
and references to the pertinent provisions of the Plan.

                                   ARTICLE VI
                                 Administration

        6.1 The complete  authority  to control and manage the  operation  and
administration  of  the  Plan  and  the  responsibility  for  carrying  out  its
provisions  belongs to the  Committee.  The Committee is authorized to interpret
the Plan,  to make,  amend and rescind such rules as it deems  necessary for the
proper administration of the Plan, to make all other determinations necessary or
advisable for the administration of the Plan and to correct any defect or supply
any omission or reconcile any inconsistency in the Plan in the manner and to the
extent that the  Committee  deems  desirable to carry the Plan into effect.  The
powers and duties of the Committee shall include:

            a. Determining the amount of benefits payable to Participants and
authorizing and directing the Company with respect to the payment of benefits
under the Plan;

            b. Construing and interpreting the Plan whenever necessary to carry
out its intention and purpose and making and publishing such rules for the
regulation of the Plan as are not inconsistent with the terms of the Plan; and

            c. Compiling and maintaining all records it determines to be
necessary, appropriate or convenient in connection with the administration of
the Plan.

         6.2 Any act which the Plan  authorizes or requires the Committee to do
may be done by a majority of its members. The action of such majority, expressed
by a vote at a meeting or in writing  without a meeting,  shall  constitute  the
action of the  Committee  and shall have the same effect for all  purposes as if
assented to by all members of the Committee.

         6.3 The members of the  Committee  may  authorize one or more of their
number to execute or deliver  any  instrument,  make any  payment or perform any
other act which the Plan authorizes or requires the Committee to do.

         6.4 The Committee may employ  counsel and other agents and may procure
such  clerical,  accounting,  and other services as they may require in carrying
out the provisions of the Plan.

         6.5 No member of the Committee shall receive any  compensation for his
services as such.  All expenses of  administering  the Plan,  including  but not
limited to, fees of accountants  and counsel,  and all expenses  relating to any
Trust, shall be paid by the Company.

         6.6 The Company  shall  indemnify and save harmless each member of the
Committee against all expenses and liabilities  arising out of membership on the
Committee in respect of any actions  taken or not taken in  connection  with the
Plan,  excepting  only  expenses  and  liabilities  arising  from his own  gross
negligence or willful misconduct, as determined by the Board of Directors of the
Company (excluding for this purpose any member of the Committee as to which such
determination  relates,  and excluding  any  Participant).  Notwithstanding  the
above,  this Section 6.7 is not  intended to limit any right of  indemnification
which  any  member  of  the  Committee  may  have  under  the   Certificate   of
Incorporation or By-Laws of the Company or otherwise.

                                  ARTICLE VII
                 Amendment; Termination; Mandatory Distribution

         7.1 The Company,  by action of the Committee,  may at any time or from
time to time modify or amend any or all of the  provisions of the Plan or may at
any time  terminate  the Plan;  provided,  however,  that no action  taken shall
adversely  affect the rights of any  Participant  hereunder  to amounts  due and
payable  to such  Participant  at the time  such  action is  taken,  unless  the
Participant otherwise consents thereto.

         7.2  Notwithstanding  anything  contained herein to the contrary,  the
Company  shall  immediately  pay  to a  Participant  any  portion  of any of the
Participant's  Deferred  Bonus  Accounts  (i) which has been  determined  by the
Internal  Revenue Service or a taxing  authority of another  jurisdiction,  in a
manner  which  cannot be appealed or as to which the time to appeal has expired,
to be  currently  taxable  to the  Participant  or to have been  taxable  to the
Participant  in a prior  taxable year or (ii) as to which the Committee has been
presented an opinion of counsel reasonably acceptable to the Committee that such
portion is more likely than not then currently taxable to the Participant or was
taxable to the Participant in a prior taxable year.

                                  ARTICLE VIII
                               General Provisions

         8.1  No Participant, Beneficiary or employee of the Company or any of
its affiliates  shall have any right to any payment or benefit  hereunder except
to the extent herein provided.

         8.2  The employment rights of any Participant shall not be enlarged,
guaranteed or affected by reason of any of the provisions of the Plan.

         8.3  Except as  otherwise  provided  in the Plan,  no right or benefit
under the Plan shall be subject to anticipation,  alienation,  sale, assignment,
pledge,  encumbrance or charge, and any attempt to anticipate,  alienate,  sell,
assign, pledge,  encumber or charge such right or benefit shall be void. No such
right or  benefit  shall in any  manner be liable  for or  subject to the debts,
liabilities or torts of a Participant.

         8.4 If the Committee  determines  that any person to whom a payment is
due  hereunder  is a minor or  incompetent  by  reason  of  physical  or  mental
disability, the Committee shall have the power to cause the payments then due to
such person to be made to another  for the benefit of the minor or  incompetent,
without responsibility of the Company or the Committee to see to the application
of such  payment,  unless claim prior to such payment is made therefor by a duly
appointed  legal  representative.  Payments  made  pursuant  to such power shall
operate as a complete  discharge  of the  Company  and the  Committee  as to the
amount so paid.

         8.5  The  validity  of the  Plan  or any of its  provisions  shall  be
determined  under, and it shall be construed and administered  according to, the
laws of the state of New York, unless preempted by ERISA.

         8.6  Each  Participant  may  designate,  in writing and in the form of
Exhibit I hereto, any person(s) or legal  entity(ies),  including his estate, as
his  Beneficiary  under the  Plan.  A  Participant  may at any time  revoke  his
designation of a Beneficiary or change his  Beneficiary at any time prior to his
death by filing with the Committee the appropriate beneficiary designation form.
If no  person  or legal  entity  shall be  designated  by a  Participant  as his
Beneficiary or if no designated  Beneficiary survives him, his Beneficiary shall
be his estate.  To be effective,  any  designation  or revocation of Beneficiary
must be on the  appropriate  form provided by the Committee and on file with the
Committee prior to the date of the  Participant's  death.  The provisions of the
Plan shall be binding on the  Participant,  the  Company,  and their  respective
heirs, executors, administrators, successors and assigns.

         8.7 The Plan shall become  effective as of December 14, 2000 and shall
continue in effect thereafter until terminated in accordance with its terms.

As authorized pursuant to a resolution of the
Compensation Committee of the Board of Directors
of Triarc Companies, Inc. at a meeting held on
December 14, 2000.

By:/s/ Brian L. Schorr
   ---------------------------------
    Name: Brian L. Schorr
    Title:   Executive Vice President

                                                              Exhibit I

                         Form of Beneficiary Designation

                  Pursuant  to  Section  8.6 of the  Deferral  Plan  for  Senior
Executive Officers of Triarc Companies, Inc. (the "Plan"), I hereby designate
_____________ as my "Beneficiary" (as defined in the Plan) for purposes of the
Plan. This designation shall supersede and replace any prior Beneficiary
designation I have made for purposes of the Plan.

                                            Signature:
                                                      -----------------------
                                                      Name:
                                            Dated:
                                                  --------------------------Exhibit 10.2
                                                                  EXECUTION COPY

                             TRUST AGREEMENT FOR THE

                                DEFERRAL PLAN FOR

                          SENIOR EXECUTIVE OFFICERS OF

                             TRIARC COMPANIES, INC.

            Triarc Companies,  Inc., a Delaware corporation (the "Company"), and
Wilmington Trust Company, a Delaware bank and trust company ("Trustee"), have as
of January 23, 2001 (the  "Effective  Date")  entered  into this  grantor  trust
agreement  ("Trust  Agreement"),  established under the Deferral Plan for Senior
Executive  Officers  of  Triarc  Companies,  Inc.,  a copy of which is  attached
hereto, as amended,  supplemented or restated from time to time (the "Plan"), as
herein set forth.

            WHEREAS, Company has adopted the Plan;

            WHEREAS,  Company has incurred or expects to incur  liability  under
the terms of the Plan with  respect to Peter May (the  "Participant")  who is an
individual participating in the Plan;

            WHEREAS,  Company wishes to establish a trust,  which shall be known
as the "Triarc  Companies,  Inc.  Deferral  Plan Trust"  (the  "Trust"),  and to
contribute to the Trust assets that shall be held therein, subject to the claims
of  Company's  creditors  in the  event of  Company's  "Insolvency,"  as  herein
defined, until paid to the Participant or his beneficiary(ies),  as the case may
be, in such manner and at such times as specified in the Plan;

            WHEREAS,  it is the  intention  of the parties that this Trust shall
constitute an unfunded  arrangement and, if the Plan is determined to be subject
to the Employee  Retirement  Income  Security Act of 1974  ("ERISA"),  that this
Trust shall not affect the status of the Plan as an unfunded plan maintained for
the purpose of providing deferred  compensation for a select group of management
or highly compensated employees for purposes of Title I of ERISA;

            WHEREAS, it is the intention of Company to make contributions to the
Trust to provide the Trust with a source of funds to assist it in the meeting of
its liabilities under the Plan;

            NOW, THEREFORE,  the parties do hereby establish the Trust and agree
that the Trust shall be comprised, held and disposed of as follows:

        Section 1.  Establishment of Trust

     (a) Company hereby deposits with Trustee in trust $7.5 million, which shall
become the  principal of the Trust to be held,  administered  and disposed of by
the Trustee as provided in this Trust Agreement.

     (b) The Trust hereby established shall be irrevocable.

     (c) The Trust is  intended to be a grantor  trust,  of which the Company is
the grantor,  within the meaning of subpart E, part I,  subchapter J, chapter 1,
subtitle A of the Internal  Revenue Code of 1986, as amended (the  "Code"),  and
shall be construed accordingly.

     (d) The principal of the Trust, and any earnings thereon (the "Trust Fund")
shall be held  separate  and apart from the  Company's  other funds and shall be
used  exclusively  for the uses and purposes of the  Participant  and  Company's
general creditors as herein set forth. The Participant and his  beneficiary(ies)
shall have no preferred claim on, or any beneficial  ownership  interest in, any
assets of the Trust.  Any rights created under the Plan and this Trust Agreement
shall  be  mere  unsecured   contractual  rights  of  the  Participant  and  his
beneficiary(ies)  against  the  Company.  Any  assets  held by the Trust will be
subject to the claims of the Company's general creditors under federal and state
law in the event the Company is Insolvent, as defined in Section 3(a) herein.

     (e) Company, in its sole discretion, may at any time, or from time to time,
make additional  deposits of cash or other property in trust with the Trustee to
augment the principal to be held, administered and disposed of by the Trustee as
provided in this Trust  Agreement.  Neither the Trustee nor the  Participant and
his  beneficiary(ies)  shall  have any right or duty to compel  such  additional
deposits or determine the sufficiency thereof.

     (f) If the Plan is determined to be subject to ERISA, the Company shall use
reasonable  commercial  efforts at all times to cause the Plan and this Trust to
have  characteristics  supporting  a  determination  that  it is an  arrangement
constituting an unfunded Plan  maintained for the purpose of providing  deferred
compensation to a select group of management or highly compensated employees for
purposes of Title I of ERISA.

        Section 2.  Payments to Participant and His Beneficiary(ies).

     (a)  Company  shall  deliver  to  the  Trustee  a  schedule  (the  "Payment
Schedule")  that (i) indicates the amounts payable in respect of the Participant
and his  beneficiary(ies),  and (ii)  provides a formula  or other  instructions
acceptable to Trustee for determining the amounts so payable,  the form in which
such amount is to be paid (as provided for or available under the Plan), and the
time of commencement for payment of such amounts.  The Trustee acknowledges that
the information  described in clause (ii) of the preceding  sentence is directly
or  indirectly  (through  actions of the  Committee  provided for under the Plan
document)  contained  in such Plan  document,  as it may be amended from time to
time, which shall  constitute the Payment  Schedule for this purpose;  provided,
however,  that  the  Company  (directly  or  through  the  Committee)  shall  be
responsible  for  promptly  notifying  the  Trustee  in  writing  of any  event,
including,  without limitation,  any Participant election or Committee action or
exercise of  discretion,  affecting  the timing,  amount or  composition  of any
payment to the Participant and his  beneficiary(ies)  under the Plan.  Except as
otherwise  provided  herein,  Trustee shall make payments to the Participant and
his beneficiary(ies) in accordance with the Payment Schedule.  The Company shall
provide in writing to the Trustee any and all information the Trustee reasonably
believes  necessary for the Trustee or its agent to make any determination as to
payments  to the  Participant  and  his  beneficiary(ies),  tax  reporting,  tax
withholding  or otherwise  not less than thirty (30)  calendar days prior to the
time the payments  must be made,  or as soon as  practicable  thereafter  if the
event  causing the payment  obligation  was not  reasonably  foreseeable  by the
Company  prior to such  30-day  period.  The  Trustee or its agent  shall not be
required to make any such  determination  for which the Company has not provided
information requested by the Trustee.

     (b) The Trustee shall make  provision for the reporting and  withholding of
any  federal  taxes that may be  required  to be  withheld  with  respect to the
payment of  benefits  from the Trust Fund  pursuant to the terms of the Plan and
shall pay amounts  withheld to the appropriate  taxing  authorities or determine
that such amounts  have been  reported,  withheld  and paid by the Company.  The
Trustee shall make  provision for the reporting and  withholding of any state or
local taxes that may be required with respect to the payment of benefits only as
directed by the Company.

     (c) The  Company  shall  from  time to time pay  taxes of any and all kinds
whatsoever  that at any time are  lawfully  levied  or  assessed  upon or become
payable in respect of the Trust Fund, the income or any property  forming a part
thereof or any security  transaction  pertaining thereto. To the extent that any
taxes  lawfully  levied  or  assessed  upon the  Trust  Fund are not paid by the
Company,  the  Trustee  shall  have the power to pay such taxes out of the Trust
Fund and shall seek reimbursement from the Company. Prior to making any payment,
the Trustee may require such releases or other  documents from any lawful taxing
authority, as it shall deem necessary. The Trustee shall contest the validity of
taxes in any manner deemed appropriate by the Company or its counsel, but at the
Company's  expense,  and  only if it has  received  an  indemnity  bond or other
security  satisfactory to it to pay any such expenses.  The Trustee shall not be
liable for any  non-payment of tax when it distributes an interest  hereunder on
directions from the Company.

     (d) In the case of any dispute as to the payment of benefits from the Trust
Fund pursuant to the terms of the Plan, the  entitlement  of the  Participant or
his  beneficiary(ies)  to  benefits  under the Plan shall be  determined  by the
Company or such party as it shall  designate  under the Plan,  and any claim for
such benefits  shall be considered  and reviewed under the procedures set out in
the Plan. Any such  determination by the Company or such party shall be provided
to the  Trustee  in  writing  not less than five (5)  business  days (or as soon
thereafter  as  practicable)  prior to the time by which  the  Trustee  must act
thereupon.  The  Trustee  or its agent  shall not be  required  to make any such
determination.

     (e) The Company may make payment of benefits directly to the Participant or
his beneficiary(ies) as they become due under the terms of the Plan. The Company
shall notify the Trustee of its  decision to make  payment of benefits  directly
prior to the time amounts are payable to participants or their beneficiaries. In
addition,  if the  principal  of the Trust,  and any earnings  thereon,  are not
sufficient  to make  payments of benefits  in  accordance  with the terms of the
Plan,  the Company  shall make the balance of each such payment as it falls due.
At least five (5)  business  days prior to any  scheduled  payment,  the Trustee
shall  notify the  Company,  in writing,  where  principal  and earnings are not
sufficient to make scheduled payment.

        Section 3.  Trustee Responsibility Regarding Payments to Trust
                    Beneficiary When Company is Insolvent.

     (a) The Trustee shall cease payment of benefits to the  Participant and his
beneficiary(ies)  if the Company is "Insolvent." The Company shall be considered
"Insolvent" for purposes of this Trust Agreement (i) if the Company is unable to
pay its debts as they  become  due,  or (ii)  while the  Company is subject to a
pending proceeding as a debtor under the United States Bankruptcy Code.

     (b) At all times  during the  continuance  of this  Trust,  as  provided in
Section 1(d) hereof,  the  principal and income of the Trust shall be subject to
claims of general  creditors of the Company  under  federal and state law as set
forth below.

            (1) The Company's Board of Directors acting in such capacity, and
        any Executive Vice President who is not a Plan participant or, if none,
        any Senior Vice President who is not a Plan participant or, if none,
        any Vice President who is not a Plan participant (the "Ranking
        Officer"), shall have the duty to inform the Trustee in writing of the
        Company's Insolvency.  If a person claiming to be a creditor of the
        Company notifies the Trustee that the Company has become Insolvent, the
        Trustee shall provide the Board of Directors with a copy of such
        writing and absent the Company's provision of an independent expert's
        opinion reasonably satisfactory to the Trustee that the Company is not
        Insolvent, the Trustee shall discontinue payment of benefits to the
        Participant or his beneficiary(ies).

            (2) Unless the Trustee has actual knowledge of the Company's
        Insolvency, or has received notice from a member of the Company's Board
        of Directors or the Ranking Officer or a person claiming to be a
        creditor alleging that the Company is Insolvent, the Trustee shall have
        no duty to inquire whether the Company is Insolvent.

            (3) If at any time the Trustee has received a  written  notice
        containing information or allegations described in Section 3(b)(1) that
`       the Company is Insolvent, the Trustee shall discontinue payments to the
        Participant or his  beneficiary(ies) and shall hold the assets of the
        Trust for the benefit of the Company's general creditors (including the
        Participant or His beneficiary(ies)) until such time as it is
        determined that the Company is not  Insolvent as  provided  in 3(b)(1)
        above.  Nothing in this Trust Agreement  shall in any way diminish any
        rights of the  Participant or his beneficiary(ies)  to pursue  their
        rights  as  general  creditors  of the Company with respect to benefits
        due under the Plan or otherwise.

            (4) The Trustee shall resume the payment of benefits to the
        Participant or his beneficiary(ies) in accordance with Section 2 of
        this Trust Agreement only after it has been demonstrated to the
        Trustee's reasonable satisfaction that the Company is not Insolvent (or
        is no longer Insolvent).

     (c) Provided that there are sufficient assets, if the Trustee  discontinues
the  payment of  benefits  from the Trust  pursuant  to Section  3(b) hereof and
subsequently   resumes  such   payments,   the  first  payment   following  such
discontinuance  shall  include the  aggregate  amount of all payments due to the
Participant or his  beneficiary(ies)  under the terms of the Plan for the period
of such  discontinuance,  less the  aggregate  amount  of any  payments  made to
Participant  or his  beneficiary(ies)  by the  Company  in lieu  of (but  not in
addition  to) the  payments  provided  for  hereunder  during any such period of
discontinuance.

        Section 4.  Payments to the Company.

     Except as provided in Section 3 hereof,  the Company shall have no right or
power to direct the  Trustee to return to the Company or to divert to others any
of the Trust  assets  before  all  payments  of  benefits  have been made to the
Participant and his beneficiary(ies) pursuant to the terms of the Plan.

        Section 5.  Investment Authority.

     The Trustee  shall have,  without  exclusion,  all powers  conferred on the
Trustee by applicable law, unless expressly  provided  otherwise herein, and all
rights  associated  with assets of the Trust shall be  exercised by the Trustee,
and  shall in no event  be  exercisable  by or rest  with the  Participant.  The
Trustee  shall have full power and  authority  to invest and  reinvest the Trust
Fund in any investment  permitted by law,  exercising the judgment and care that
persons of  prudence,  discretion  and  intelligence  would  exercise  under the
circumstances  then  prevailing  considering  the probable  income and safety of
their capital, including,  without limiting the generality of the foregoing, the
power:

     (a) To  invest  and  reinvest  the Trust  Fund,  together  with the  income
therefrom,  in common stock,  membership  or  partnership  interests,  preferred
stock,  mutual or hedge funds,  bonds,  mortgages,  notes,  time certificates of
deposit,  commercial paper and other evidences of indebtedness  (including those
issued by the Trustee or any of its affiliates),  other securities,  policies of
life insurance,  annuity  contracts,  options to buy or sell securities or other
assets, and other property of any kind (personal, real or mixed, and tangible or
intangible);

     (b) To deposit or invest all or any part of the assets of the Trust Fund in
savings  accounts  or  certificates  of deposit or other  deposits  which bear a
reasonable interest rate in a bank,  including the commercial  department of the
Trustee, if such bank is supervised by the United States or any state;

     (c) To hold,  manage,  improve and control all property,  real or personal,
forming  part  of the  Trust  Fund  and to  sell,  convey,  transfer,  exchange,
partition, lease for any term, even extending beyond the duration of this Trust,
and  otherwise  dispose of the same from time to time in such  manner,  for such
consideration and upon such terms and conditions as the Trustee shall determine;

     (d) To have, respecting  securities,  all the rights, powers and privileges
of an owner, including the power to give proxies, pay assessments and other sums
deemed by the Trustee to be necessary  for the  protection of the Trust Fund, to
vote any corporate stock either in person or by proxy,  with or without power of
substitution  for  any  purpose.  To  participate  in  voting  trusts,   pooling
agreements,   foreclosures,   reorganizations,   consolidations,   mergers   and
liquidations  and,  in  connection  therewith,  to deposit  securities  with and
transfer  title to any  protective  or other  committee  under such terms as the
Trustee  may  deem  advisable;  to  exercise  or  sell  stock  subscriptions  or
conversion rights;  and regardless of any limitation  elsewhere in this document
relative to investment by the Trustee, to accept and retain as an investment any
securities  or  other  property  received  through  the  exercise  of any of the
foregoing powers;

     (e) To hold in cash,  without  liability for interest,  such portion of the
Trust  Fund  which,   in  its   discretion,   shall  be  reasonable   under  the
circumstances,  pending investments or payments of expenses, or the distribution
of benefits;

     (f) To take such  actions as may be  necessary  or desirable to protect the
Trust Fund from loss due to the default on mortgages held in the Trust including
the  appointment of agents or trustees in such other  jurisdictions  as may seem
desirable, to transfer property to such agents or trustees, to grant such powers
as are necessary or desirable to protect the Trust or its assets, to direct such
agents or  trustees,  or to  delegate  such power to direct  and to remove  such
agents or trustees;

     (g) To employ  such  agents,  including  investment  advisors,  custodians,
sub-custodians  and  counsel  as may be  reasonably  necessary  and to pay  them
reasonable compensation; to settle, compromise or abandon all claims and demands
in favor of or against the Trust assets;

     (h) To  cause  title  to  property  of the  Trust  to be  issued,  held  or
registered  in  the  individual  name  of the  Trustee  or in  the  name  of its
nominee(s) or agents, or in such form that title will pass by delivery;

     (i) To exercise all of the further rights,  powers,  options and privileges
granted,  provided  for or vested in  trustees  generally  under the laws of the
State of New York, so that powers conferred upon the Trustee herein shall not be
in  limitation  of any  authority  conferred  by law,  but shall be in  addition
thereto;

     (j) To borrow money from any source  (including the Trustee) and to execute
promissory notes,  mortgages, or other obligations and to pledge or mortgage any
Trust assets as security;

     (k) To lend certificates representing stocks, bonds, or other securities to
any brokerage or other firm selected by the Trustee;

     (l) To use  securities,  depositories  or  custodians  and  to  allow  such
securities  as may be held by a depository  or custodian to be registered in the
name of such  depository or its nominee or in the name of such  custodian or its
nominee;

     (m) To invest  the Trust  Fund from time to time in one or more  investment
funds,  which funds shall be registered under the Investment Company Act of 1940
(including  companies  with  respect to which the Trustee or an affiliate is the
investment adviser or provides other services for which it is compensated by the
funds,  and which  compensation  shall be in addition to the compensation of the
Trustee hereunder);

     (n) To invest in securities (including stock or rights to acquire stock) or
obligations issued by Company; and

     (o)  To  do  all  other  acts   necessary  or  desirable   for  the  proper
administration  of the Trust Fund,  as if the Trustee  were the  absolute  owner
thereof. However, nothing in this section shall be construed to mean the Trustee
assumes any  responsibility  for the  performance of any investment  made by the
Trustee in its capacity as trustee under this Trust  Agreement.  Notwithstanding
any powers granted to the Trustee pursuant to this Trust Agreement or applicable
law,  the  Trustee  shall  not have any power  that  could  give this  Trust the
objective of carrying on a business and dividing the gains therefrom  within the
meaning of Section  301.7701-2 of the Procedure and  Administrative  Regulations
promulgated pursuant to the Code.

     All rights  associated  with assets of the Trust Fund shall be exercised by
the Trustee or the person  designated  by the Trustee,  and shall in no event be
exercisable by or rest with the Participant. The Company shall have the right at
any time, and from time to time in its sole discretion,  to substitute assets of
equal  fair  market  value  for any  asset  held by the  Trust.  This  right  is
exercisable  by Company in a  nonfiduciary  capacity  without  the  approval  or
consent of any person in a fiduciary capacity.

     Notwithstanding  anything in the foregoing  provisions of this Section 5 to
the contrary, the Trustee shall invest the assets of the Trust Fund and take all
investment-related actions, including,  without limitation, all actions pursuant
to clause (d)  above,  as  directed  in  writing  by (i) an  investment  manager
appointed by the Company  pursuant to Section 2.2 of the Plan, or (ii) as to any
assets  of the  Trust  Fund as to  which  no such  investment  manager  has been
appointed, the Company. The Trustee shall not be responsible for (i) determining
the  appropriateness  of any  direction  set forth in clause  (i) or (ii) of the
preceding  sentence or (ii) failing to act with respect to the investment of the
assets of the Trust Fund in the  absence  of  direction  from the  Company or an
investment manager appointed by the Company pursuant to Section 2.2 of the Plan;
provided,  however,  that,  except as  otherwise  directed  by the Company or an
investment manager appointed by the Company pursuant to Section 2.2 of the Plan,
the  Trustee  may invest idle cash in a readily  liquid  short-term  investment,
including,  without  limitation,  in any money market  mutual fund  described in
Section 5(m) above within the Wilmington family of mutual funds. The Trustee and
the Company acknowledge that the intent of the parties is that the investment of
the assets of the Trust  match the deemed  investments  of the  "Deferred  Bonus
Account"  (as  defined  in the  Plan) on the books and  records  of the  Company
attributable thereto.

        Section 6.  Disposition of Income.

     During the term of this Trust,  all income  received  by the Trust,  net of
expenses and taxes, shall be accumulated and reinvested.

        Section 7.  Accounting by the Trustee.

     The Trustee  shall keep accurate and detailed  records of all  investments,
receipts,  disbursements,  and  all  other  transactions  required  to be  made,
including such specific  records as shall be agreed upon in writing  between the
Company and the Trustee.  Within 60 days  following  the close of each  calendar
year and such other times as the Company  may request  (but not more  frequently
than  once  per  calendar  month)  and  within  60 days  after  the  removal  or
resignation  of the Trustee,  the Trustee shall deliver to the Company a written
account of its administration of the Trust during such year or during the period
from the  close  of the  last  preceding  year to the  date of such  removal  or
resignation,  setting forth all investments,  receipts,  disbursements and other
transactions  effected by it,  including a  description  of all  securities  and
investments  purchased and sold with the cost or net proceeds of such  purchases
or sales  (accrued  interest paid or  receivable  being shown  separately),  and
showing all cash,  securities and other property held in the Trust at the end of
such year or as of the date of such removal or resignation, as the case may be.

        Section 8.  Responsibility of the Trustee.

     (a) The Trustee  shall act with the care,  skill,  prudence  and  diligence
under the  circumstances  then  prevailing  that a prudent person acting in like
capacity  and  familiar  with  such  matters  would  use  in the  conduct  of an
enterprise of a like character and with like aims; provided,  however,  that the
Trustee shall incur no liability to any person for any action taken  pursuant to
a direction,  request or approval given by the Company or its Board of Directors
which is contemplated  by, and in conformity with, the terms of the Plan or this
Trust  Agreement  and is  given  in  writing  by the  Company  or its  Board  of
Directors.  In the event of a  dispute  between  the  Company  and a party,  the
Trustee may apply to a court of competent jurisdiction to resolve the dispute.

     (b) If the Trustee undertakes or defends any administrative, adversarial or
other litigation or proceeding or enforcement  action arising in connection with
this Trust,  including,  without  limitation,  any successful action against the
Company to enforce the indemnification  provisions of this Trust Agreement,  the
Company agrees to indemnify the Trustee  against the Trustee's  costs,  expenses
and liabilities  (including without limitation,  reasonable  attorney's fees and
expenses)  relating  thereto and the Company shall be primarily  liable for such
payments.  Moreover,  the Company shall indemnify and hold the Trustee  harmless
from and  against  all loss or  liability  (including  expenses  and  reasonable
attorneys'  fees),  to which it may be subject by reason of its execution of its
duties under this Trust Agreement,  or by reason of any acts taken in good faith
in accordance with any directions,  or acts omitted in good faith due to absence
of directions, from the Company or the Committee unless, and only to the extent,
such loss or  liability  is due to the  Trustee's  gross  negligence  or willful
misconduct.  The  Company  will,  upon  notice,  pay monthly in arrears to or on
behalf of the Trustee,  all reasonable  attorneys' fees and expenses incurred by
the Trustee. If the Company does not pay such costs, expenses and liabilities in
a  reasonably  timely  manner,  the  Trustee may obtain  payment  from the Trust
without notice to any party. If the Trustee  receives notice of the assertion of
any claim or of the commencement of any action or proceeding against the Trustee
by any person  other than the Company or an  affiliate  of the Company (a "Third
Party  Claim"),  the Trustee  will give the Company  reasonable  prompt  written
notice thereof.  The Company will have the right to participate in or, by giving
written notice to the Trustee,  to elect to assume the defense of any litigation
or proceeding at the Company's  expense and by the Company's  counsel  (provided
such counsel is reasonably  satisfactory  to the Trustee),  and the Trustee will
cooperate  in good  faith in such  defense.  If within ten  calendar  days after
giving  notice of a Third  Party  Claim to the  Company,  the  Trustee  receives
written  notice  from the  Company  that the  Company  has elected to assume the
defense of the Third Party  Claim,  the Company will not be liable for any legal
expenses  subsequently  incurred by the Trustee in  connection  with the defense
thereof;  provided,  however,  that if the  Trustee is advised in writing by its
counsel that it needs  separate  counsel  based on a conflict of  interest,  the
Trustee  may  assume its own  defense,  and the  Company  will be liable for all
reasonable  legal  fees,  costs and  expenses  paid or  incurred  in  connection
therewith  in  accordance  with the terms of this  Agreement.  Without the prior
written  consent of the  Trustee  which  will not be  unreasonably  withheld  or
delayed, the Company will not enter into any settlement of any Third Party Claim
which would lead to liability or create any financial or other obligation on the
part of the  Trustee for which the  Trustee is not  entitled to  indemnification
hereunder.  Without the prior  written  consent of the Company which will not be
unreasonably withheld or delayed, the Trustee will not enter into any settlement
of any Third Party Claim which would create any financial or other  liability on
the part of the Company or the Participant.

     (c)  Subject to Section  8(b) above,  the  Trustee  may consult  with legal
counsel  (who may also,  but need not, be counsel for  Company)  generally  with
respect to any of its  duties or  obligations  hereunder  at  Company's  expense
which,  should it remain unpaid, may be paid from the Trust without prior notice
to any party (but the Trustee  shall give notice of such action within three (3)
business days  thereof).  The Trustee shall incur no liability to any person for
acting or refraining from acting in accordance with the advice of such counsel.

     (d)  The  Trustee  may  hire  agents,  accountants,  actuaries,  investment
advisors,  financial  consultants  or  other  professionals  (other  than  legal
counsel,  the  Trustee's  right to which is  described  in Section  8(b) and (c)
above) to assist it in performing any of its duties or obligations  hereunder at
the Company's expense which, should it remain unpaid, may be paid from the Trust
without  prior  notice to any party (but the  Trustee  shall give notice of such
action  within  three (3) business  days  thereof).  The Trustee  shall incur no
liability to any person for acting or refraining  from acting in accordance with
the  advice  of  such  agents,  accountants,   actuaries,  investment  advisors,
financial consultants or other professionals.

     (e) Trustee shall have, without exclusion, all powers conferred on Trustees
by  applicable  law,  unless  expressly  provided  otherwise  herein;  provided,
however,  that if an insurance policy is held as an asset of the Trust,  Trustee
shall have no power to name a beneficiary of the policy other than the Trust, to
assign the policy (as  distinct  from  conversion  of the policy to a  different
form) other than to a successor  Trustee,  or to loan to any person the proceeds
of any  borrowing  against such policy.  The Trustee shall not be liable for the
failure or inability  of an insurance  company to pay the proceeds of any policy
when due, and in no event shall the Trustee have any responsibility or liability
with respect to the selection or  monitoring  of any insurance  policies held in
the Trust or the insurers  issuing such policies or the payment of premiums with
respect to such policies.

     (f) The Company has  represented to the Trustee that the Plan either (i) is
not subject to ERISA, or (ii) is a "top-hat" plan  maintained  primarily for the
purpose of providing  deferred  compensation for a select group of management or
highly compensated  employees,  which is exempt from the provisions of Part 4 of
Title I of ERISA.  The Trustee is entering into this  Agreement in reliance upon
the Company's representation. Accordingly, in the event that the Plan is subject
to ERISA  and fails to  qualify  as a  top-hat  plan  exempt  from  ERISA,  then
notwithstanding  any other  provision  of this  Agreement to the  contrary,  the
Company  will  indemnify  and hold the Trustee  harmless  from all  liabilities,
damages,   costs  and  expenses  (including,   without  limitation,   reasonable
attorneys' fees and expenses) that the Trustee incurs as a result of a breach of
fiduciary  duty under  ERISA  arising  from any action  taken,  or omitted to be
taken, by the Trustee in good faith in accordance  with this Agreement.  In such
event, the Company will, upon notice,  pay monthly in arrears to or on behalf of
the  Trustee,  all  reasonable  attorneys'  fees and  expenses  incurred  by the
Trustee.  In the event  that the  Trustee is  determined  to have  incurred  any
liability as a result of the Trustee's gross  negligence or willful  misconduct,
the Trustee will promptly  reimburse the Company for all legal fees and expenses
paid by the Company to or on behalf of the Trustee.

     (g) In the  event  that the  Trustee  is named in a lawsuit  or  proceeding
involving  the Plan or the Trust Fund,  the Trustee shall be entitled to receive
payments on a current basis pursuant to the indemnity provisions provided for in
this  Section;  provided,  however,  that if the final  judgment  entered in the
lawsuit or  proceeding  holds  that  Trustee  is guilty of gross  negligence  or
willful misconduct with respect to the Trust Fund, the Trustee shall be required
to refund the indemnity payments that it has received.

     (h) All releases and  indemnities  provided in this Trust  Agreement  shall
survive the termination of this Trust Agreement. The Company shall indemnify and
hold harmless the Trustees for any actions of a prior Trustee.

     (i)  Notwithstanding  any powers granted to Trustee  pursuant to this Trust
Agreement or to applicable law, Trustee shall not have any power that could give
this Trust the  objective  of  carrying  on a business  and  dividing  the gains
therefrom,  within the  meaning  of  section  301.7701-2  of the  Procedure  and
Administrative Regulations promulgated pursuant to the Internal Revenue Code.

     (j) Upon the  expiration  of ninety  (90) days from the date of any Trustee
account statement, the Trustee shall be forever released and discharged from all
liability  and further  accountability  to the Company or any other  person with
respect to the accuracy of such account  statement  and all acts and failures to
act of the Trustee  reflected  thereon,  except to the extent that the  Company,
within  such  90-day  period,  shall  file with the  Trustee  specific,  written
objections to the account statement and, in any event, except to the extent that
such  accuracy,  acts and  failures  to act are not readily  discernible  from a
reasonable review of such account statement. To the extent not excepted pursuant
to the preceding  sentence,  neither the Company,  the Participant nor any other
person  shall be entitled  to any  additional  or  different  accounting  by the
Trustee,  and the Trustee  shall not be  compelled by the Company to file in any
court any  additional  or  different  accounting.  For  purposes of  regulations
promulgated by Federal banking  authorities,  the Trustee's  account  statements
shall be sufficient information concerning securities  transactions effected for
the Trust,  provided that so long as the Trustee is directed with respect to the
investment of the Trust, the Company or the investment  manager, as the case may
be, shall have the right, upon written request, to receive at no additional cost
written confirmations of such securities transactions,  which shall be mailed or
otherwise  furnished by the Trustee within the timeframe  required by applicable
regulations.

        Section 9.  Compensation and Expenses of Trustee.

     (a) The  Trustee  shall be  entitled  to  reasonable  compensation  for its
services  as agreed  upon  between  the Trustee and the Company and as set forth
from time to time in Schedule I attached hereto and incorporated  herein by this
reference.  If the  Trustee and the  Company  fail to agree upon a  compensation
agreement,  the Trustee shall be entitled to compensation at a rate equal to the
rate  charged by the  Trustee  for  similar  services  rendered by it during the
current  fiscal  year for other  trusts  similar to this  Trust.  The  Trustee's
compensation  and  expenses  shall  be  paid  by the  Company.  The  Trustee  is
authorized  to withdraw such amounts from the Trust Fund if the Company fails to
pay them within  sixty (60) days of  presentation  of a statement of the amounts
due and the Trustee shall notify the Company of any such action within three (3)
business days thereof.

     (b) The Trustee is  authorized to incur  reasonable  expenses in connection
with the  administration  of the Trust  including  but not  limited to, fees and
expenses incurred pursuant to Section 8(c) and Section 8(d). Such expenses shall
be paid by the Company.  The Trustee is  authorized to pay such amounts from the
Trust  Fund  if the  Company  fails  to pay  them  within  sixty  (60)  days  of
presentation  of a statement of the amounts due and the Trustee shall notify the
Company of any such action within three (3) business days thereof.

        Section 10. Resignation and Removal of Trustee.

     (a) The  Trustee may resign at any time by written  notice to the  Company,
which shall be effective 30 days after receipt of such notice unless the Company
and the Trustee agree otherwise.

     (b) The Trustee may be removed by the Company on 30 days written  notice or
upon shorter written notice accepted by the Trustee.

     (c) Upon  resignation  or  removal  of the  Trustee  and  appointment  of a
successor  Trustee,  all Trust Fund assets shall  subsequently be transferred to
the  successor  Trustee.  The transfer  shall be completed  within 45 days after
receipt of notice of  successor  trustee's  acceptance  of  appointment  or such
longer period as the Company may designate in writing.

     (d) If the Trustee  resigns or is removed,  a successor shall be appointed,
in accordance  with Section 11 hereof,  by the effective  date of resignation or
removal under paragraph (a) or (b) of this section.  If no such  appointment has
been  made,  the  Trustee  may apply to a court of  competent  jurisdiction  for
appointment of a successor or for  instructions.  All expenses of the Trustee in
connection with the proceeding  shall be allowed as  administrative  expenses of
the Trust.  For purposes of this section,  any  successor  Trustee may not be an
affiliate  of the  Company.  An  affiliate  of the Company  includes  any person
directly or indirectly through on or more intermediaries controlling, controlled
by or under common control with the Company.

        Section 11. Appointment of Successor.

     (a) If the Trustee resigns (or is removed) in accordance with Section 10(a)
or (b) hereof,  the Company  may appoint any third  party,  such as a bank trust
department,  that may be granted corporate trustee powers under federal or state
law, as a successor  to replace the Trustee  upon  resignation  or removal.  The
appointment shall be effective when accepted in writing by the new trustee,  who
shall  have all of the  rights  and  powers  of the  former  trustee,  including
ownership  rights in the Trust assets upon  transfer of same to the new trustee.
The  former  trustee  shall  execute  any  instrument  necessary  or  reasonably
requested by the Company or the successor trustee to evidence the transfer.

     (b) Any  successor  trustee  appointed  by a court  pursuant  to the second
sentence of Section 10(d) hereof shall be any third party,  such as a bank trust
department,  that may be granted corporate trustee powers under federal or state
law. The appointment of a successor  trustee shall be effective when accepted in
writing by the new trustee. The new trustee shall have all the rights and powers
of the former trustee,  including ownership rights in Trust assets upon transfer
of same to the new trustee.  The former  trustee  shall  execute any  instrument
necessary  or  reasonably  requested  by the  successor  trustee to evidence the
transfer.

     (c) The  successor  trustee  need not  examine  the records and acts of any
prior  trustee and may retain or dispose of existing  Trust  assets,  subject to
Sections 7 and 8 hereof. The successor trustee shall not be responsible for, and
the Company shall indemnify and defend the successor  trustee from, any claim or
liability resulting from any action or inaction of any prior trustee or from any
other past event,  or any  condition  existing at the time it becomes  successor
trustee.

        Section 12. Amendment or Termination.

     (a) This Trust Agreement may be amended by a written instrument executed by
the Trustee and the Company.  Notwithstanding  the foregoing,  no such amendment
shall  conflict  with the terms of the Plan or shall  make the  Trust  revocable
after it has become irrevocable in accordance with Section 1(b) hereof.

     (b) The Trust shall not terminate until the date on which Plan participants
and their beneficiaries are no longer entitled to benefits pursuant to the terms
of the Plan. Upon  termination of the Trust,  any assets  remaining in the Trust
shall be returned to the  Company.  Such  remaining  assets shall be paid by the
Trustee to the  Company in such  amounts  and in the  manner  instructed  by the
Company,  whereupon  the  Trustee  shall be  released  and  discharged  from all
obligations hereunder.  From and after the date of termination,  and until final
distribution  of the Trust Fund,  the Trustee shall  continue to have all of the
powers provided herein as are necessary or expedient for the orderly liquidation
and distribution of the Trust Fund.

        Section 13. Legal Defense Fund; Claims Against the Trustee or the Trust.

     (a) If so instructed,  in writing,  by the Company in its sole  discretion,
the Trustee shall establish  within the Trust Fund a separate fund,  hereinafter
referred to as a "Legal  Defense  Fund." The Legal Defense Fund shall consist of
such portions of the Company's  contributions  to the Trust as the Company shall
specify in writing at the time of contribution,  together with all income, gains
and losses and proceeds from the investment, reinvestment and sale thereof, less
all payments  therefrom  and expenses  charged  thereto in  accordance  with the
provisions of this Agreement. Subject to Section 3, the Legal Defense Fund shall
be held and  administered  by the Trustee for the purpose of defraying the costs
and expenses  incurred by the  Participant and his  beneficiary(ies)  associated
with the enforcement of their rights under the Plan by litigation or other legal
action and by the Trustee in performing its duties under this Section.

     (b) The Legal Defense Fund, if any, shall be maintained and administered as
a separate segregated account;  provided,  however, that the assets of the Legal
Defense Fund may be commingled with all other assets of the Trust,  and with the
assets of any other Trust, solely for investment purposes.

     (c) If legal  proceedings are brought against the Trustee by the Company or
another party seeking to invalidate  any of the  provisions of this Agreement or
the Trust,  or seeking to enjoin the Trustee  from  paying any amounts  from the
Trust or from taking any other  action  otherwise  required or  permitted  to be
taken by the Trustee under this Agreement, the Trustee shall take all steps that
may be necessary in such proceeding to uphold the validity and enforceability of
the  provisions  of this  Agreement.  The Trustee  shall be  empowered to retain
counsel and other appropriate experts,  including actuaries and accountants,  to
assist it in making  any  determination  under  this  Section  13. All costs and
expenses  incurred  by the  Trustee  in  connection  with  any  such  proceeding
(including,  without  limitation,  the  payment of  reasonable  fees,  costs and
disbursements of any counsel,  actuaries,  accountants or other experts retained
by the Trustee in connection with such proceeding)  shall be charged to and paid
from the Legal Defense Fund, if any. To the extent the Trustee's  legal fees and
expenses  exceed the amount  available in the Legal  Defense  Fund, if any, such
fees and expenses shall be paid by the Trustee from the assets of the Trust Fund
unless promptly paid by the Company.

     (d) If the  Participant  or his  beneficiary(ies)  notifies  the Trustee in
writing that the Company has refused to pay a claim asserted by the  Participant
or his beneficiary(ies) under the Plan, the Participant or such beneficiary(ies)
("Claimant")  may demand  payment  from the Legal  Defense  Fund,  if any,  with
respect to expenses incurred in connection with the initiation or defense of any
litigation  or other legal  action by or against  the  Company or any  director,
officer,  stockholder or other person  affiliated with the Company.  Such demand
shall be made in writing by delivering to the Trustee  within 90 days  following
the date the Claimant  incurs such  expenses (i) a  certification  signed by the
Claimant  that the  Company is in default  in paying its  obligations  under the
Plan,  and (ii)  itemizing  in  reasonable  detail in a form  acceptable  to the
Trustee the expenses payable by the Legal Defense Fund, if any.

     (e) In the event that on the date a Claimant's expenses are to be paid from
the Legal Defense Fund other expenses have been claimed but not yet paid and the
aggregate amount of all claims exceeds the amount available in the Legal Defense
Fund, the Company shall be obligated to make an additional  contribution  to the
Legal  Defense  Fund.  In the event the  Company  fails to make such  additional
contribution,  the Trustee shall promptly advise the Claimant and shall only pay
that  portion  of the  amount  of the  claim  to  each  Claimant  determined  by
multiplying such Claimant's expenses by a fraction the numerator of which is the
amount  held in the  Legal  Defense  Fund  and the  denominator  or which is the
aggregate expenses claimed by all Claimants. This Section 13(e) shall apply only
on and  following  the time that the Company  instructs the Trustee to establish
the Legal Defense Fund in accordance with Section 13(a).

     (f) Notwithstanding any provision herein to the contrary, the Trustee shall
be  required  to act under  this  Section  13 (other  than in respect of Section
13(c)) only to the extent there are  sufficient  amounts  available in the Legal
Defense Fund to defray the costs and expenses the Trustee reasonably anticipates
will be incurred in connection with such action.

     (g)  The  Legal  Defense  Fund,  if any,  shall  continue  to be  held  and
administered by the Trustee for the purposes  described in Section 13 until such
time as all  benefits  to which the  Participant  and his  beneficiary(ies)  are
entitled  under the Plan shall have been paid in full to the  Participant or his
beneficiary(ies).  Any balance then remaining in the Legal Defense Fund shall be
distributed to the Company.

        Section 14. Miscellaneous.

     (a) Any  provision  of this  Trust  Agreement  prohibited  by law  shall be
ineffective  to the extent of any such  prohibition,  without  invalidating  the
remaining provisions hereof.

     (b) Benefits payable to the Participant and his beneficiary(ies) under this
Trust Agreement may not be anticipated,  assigned  (either at law or in equity),
alienated,  pledged, encumbered or subjected to attachment,  garnishment,  levy,
execution or other legal or equitable process.

     (c) This Trust  Agreement  shall be governed by and construed in accordance
with the laws of the State of New York, to the extent not preempted by ERISA.

     (d) This Trust Agreement shall be binding on, and the powers granted to the
Company and the Trustee,  respectively,  shall be  exercisable by the respective
successors  and assigns of the Company and the  Trustee.  Any  corporation  that
succeeds  to  substantially  all  of the  business  of the  Trustee  by  merger,
consolidation,   purchase  or  otherwise   shall  upon  succession  and  without
appointment  or other  action by the  Company  be and become  successor  Trustee
hereunder.

     (e) Any  communication  to the Trustee,  including  any notice,  direction,
designation,  certification, order, instruction or objection shall be in writing
and signed by the person  authorized  under the Plan or the Trust  Agreement  to
govern same. The Trustee shall be fully protected and indemnified by the Company
in acting in accordance with such written communications. Any notice required or
permitted  to be given  hereunder  shall be  deemed  given if  written  and hand
delivered,  mailed, postage prepaid, certified mail, return receipt requested or
transmitted by facsimile to the Company or the Trustee at the following  address
or such  other  address as a party may  specify,  provided  that  notices to the
Trustee shall be deemed effective only upon receipt:

                (i)     if to the Company:

                        Triarc Companies, Inc.
                        280 Park Avenue
                        New York, New York   10017
                        Facsimile No.:  (212) 451-3216
                        Attention:  General Counsel

                (ii)    If to the Trustee:

                        Wilmington Trust Company, as Trustee
                        1100 North Market Street
                        Wilmington, Delaware  19890
                        Facsimile No.:  (302) 651-1312
                        Attention:  Corporate Retirement and
                                    Custody Services Division

     (f) Any  obligation  of the  Company  and/or  the Trust to pay the  Trustee
amounts  pursuant to any  provision of this Trust  Agreement  shall  survive any
amendment or termination hereof or the Trustee's resignation or removal.

            IN WITNESS  WHEREOF the  Company  and the  Trustee  have signed this
Trust Agreement as of the date first written above.

                                    TRIARC COMPANIES, INC.

                                    By: /s/ Brian L. Schorr
                                        -------------------
                                        Name: Brian L. Schorr
                                        Title:   Executive Vice
                                        President

                                    WILMINGTON TRUST COMPANY

                                    By: /s/ Nazareno J. Regalbuto
                                        -------------------------
                                        Name: Nazareno J. Regalbuto
                                        Title:   Vice President

                                   Schedule I
                                 Trustee's Fees

The Trustee's  compensation  shall be equal to 10 basis points (.0010) per annum
of the aggregate market value of the assets of the Trust,  payable  quarterly in
arrears with a minimum annual fee of $5,000.

This fee arrangement shall be in effect through January 1, 2004. Thereafter, the
Trustee may increase its annual  compensation but such increase shall not exceed
the lesser of: (i) 15%;  and (ii) 50% of the  Trustee's  posted fee schedule for
comparable  accounts then in effect.  Any such  increase  shall remain in effect
until January 1, 2006 and  thereafter  until another fee  arrangement  is agreed
upon by the Trustee and the Company.

Notwithstanding  the  foregoing,  in  the  event  of a  material  change  in the
custodial services of the Trustee under the Trust Agreement or if the Trustee is
required to perform  material  services in addition to the  Trustee's  custodial
responsibilities  and  responsibilities  pursuant to the  investment  directions
given to the Trustee by the Company or any investment  manager  appointed by the
Company  pursuant to Section 2.2 of the Plan, the Trustee  reserves the right to
receive additional  reasonable  compensation as agreed upon with the Company. In
the event the  Trustee  is engaged to  provide  investment  management  services
(other  than cash  management  services  as  provided  in Section 5 of the Trust
Agreement),  the  Trustee  will be  entitled  to receive  additional  reasonable
compensation as agreed upon with the Company.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}]]