Document:

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                                   EXHIBIT 4.4
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                             CORRPRO COMPANIES, INC.
               AMENDED AND RESTATED PROFIT SHARING PLAN AND TRUST

                                   (Attached)

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                            CORRPRO COMPANIES, INC.
                              401(k) SAVINGS PLAN
                          (April 1, 1999 Restatement)

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                               TABLE OF CONTENTS

                                   ARTICLE I
                                  DEFINITIONS

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1.1      Plan Definitions .........................................................  1
1.2      Interpretation ...........................................................  5

                                   ARTICLE II
                                    SERVICE

2.1      Definitions ..............................................................  6
2.2      Crediting of Hours of Service ............................................  7
2.3      Hours of Service Equivalencies ...........................................  8
2.4      Limitations on Crediting of Hours of Service .............................  9
2.5      Department of Labor Rules ................................................  9
2.6      Crediting of Continuous Service ..........................................  9
2.7      Eligibility Service ...................................................... 10
2.8      Years of Vesting Service ................................................. 10
2.9      Exclusion of Vesting Service Earned Following a Break for Determining
         Vested Interest in Prior Accrued Benefit ................................. 10
2.10     Crediting of Hours of Service with respect to Short Plan Year ........... 10
2.11     Crediting of Service on Transfer or Amendment ............................ 11

                                  ARTICLE III
                                  ELIGIBILITY

3.1      Eligibility .............................................................. 13
3.2      Transfers of Employment .................................................. 13
3.3      Reemployment ............................................................. 13
3.4      Notification Concerning New Eligible Employees ........................... 13
3.5      Effect and Duration ...................................................... 13

                                   ARTICLE IV
                           TAX-DEFERRED CONTRIBUTIONS

4.1      Tax-Deferred Contributions ............................................... 15
4.2      Amount of Tax-Deferred Contributions ..................................... 15
4.3      Changes in Reduction Authorization ....................................... 15
4.4      Suspension of Tax-Deferred Contributions ................................. 15
4.5      Resumption of Tax-Deferred Contributions ................................. 16
4.6      Delivery of Tax-Deferred Contributions ................................... 16
4.7      Vesting of Tax-Deferred Contributions .................................... 16
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                                   ARTICLE V
                      AFTER-TAX AND ROLLOVER CONTRIBUTIONS

5.1      No After-Tax Contributions ............................................... 17
5.2      Rollover Contributions ................................................... 17
5.3      Vesting of Rollover Contributions ........................................ 17

                                   ARTICLE VI
                             EMPLOYER CONTRIBUTIONS

6.1      Contribution Period ...................................................... 18
6.2      Profit-Sharing Contributions ............................................. 18
6.3      Allocation of Profit-Sharing Contributions ............................... 18
6.4      Qualified Nonelective Contributions ...................................... 18
6.5      Allocation of Qualified Nonelective Contributions ........................ 18
6.6      Amount and Allocation of Safe Harbor Matching Contributions .............. 18
6.7      Verification of Amount of Employer Contributions by the Sponsor .......... 19
6.8      Payment of Employer Contributions ........................................ 19
6.9      Eligibility to Participate in Allocation ................................. 19
6.10     Vesting of Employer Contributions ........................................ 20
6.11     Election of Former Vesting Schedule ...................................... 20
6.12     Forfeitures to Reduce Employer Contributions ............................. 21

                                  ARTICLE VII
                          LIMITATIONS ON CONTRIBUTIONS

7.1      Definitions .............................................................. 22
7.2      Code Section 402(g) Limit ................................................ 24
7.3      Distribution of Excess Deferrals ......................................... 25
7.4      Limitation on Tax-Deferred Contributions of Highly Compensated Employees . 26
7.5      Distribution of Excess Tax-Deferred Contributions ........................ 27
7.6      Limitation on Matching Contributions of Highly Compensated Employees ..... 27
7.7      Forfeiture or Distribution of Excess Contributions ....................... 28
7.8      Multiple Use Limitation .................................................. 29
7.9      Determination of Income or Loss .......................................... 29
7.10     Deemed Satisfaction of the Limitations on Tax-Deferred Contributions
         and Matching Contributions of Highly Compensated Employees ............... 29
7.11     Notice Requirements for Safe Harbor Matching Contributions ............... 30
7.12     Code Section 415 Limitations on Crediting of Contributions and
         Forfeitures .............................................................. 30
7.13     Coverage Under Other Qualified Defined Contribution Plan ................. 31
7.14     Coverage Under Qualified Defined Benefit Plan ............................ 32
7.15     Scope of Limitations ..................................................... 32
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                                  ARTICLE VIII
                      TRUST FUNDS AND PARTICIPANT ACCOUNTS

8.1      General Fund ............................................................. 33
8.2      Investment Funds ......................................................... 33
8.3      Loan Investment Fund ..................................................... 33
8.4      Income on Trust .......................................................... 33
8.5      Participant Accounts ..................................................... 34
8.6      Sub-Accounts ............................................................. 34

                                   ARTICLE IX
                            LIFE INSURANCE CONTRACTS

9.1      No Life Insurance Contracts .............................................. 35

                                    ARTICLE X
                    DEPOSIT AND INVESTMENT OF CONTRIBUTIONS

10.1     Future Contribution Investment Elections ................................. 36
10.2     Deposit of Contributions ................................................. 36
10.3     Election to Transfer Between Funds ....................................... 36
10.4     Special Rules for Insider-Participants ................................... 36
10.5     404(c) Plan .............................................................. 38

                                   ARTICLE XI
                   CREDITING AND VALUING PARTICIPANT ACCOUNTS

11.1     Crediting Participant Accounts ........................................... 39
11.2     Valuing Participant Accounts ............................................. 39
11.3     Plan Valuation Procedures ................................................ 39
11.4     Finality of Determinations ............................................... 40
11.5     Notification ............................................................. 40

                                  ARTICLE XII
                                     LOANS

12.1     Application for Loan ..................................................... 41
12.2     Reduction of Account Upon Distribution ................................... 41
12.3     Requirements to Prevent a Taxable Distribution ........................... 42
12.4     Administration of Loan Investment Fund ................................... 42
12.5     Default .................................................................. 43
12.6     Special Rules Applicable to Loans ........................................ 43
12.7     Loans Granted Prior to Amendment ......................................... 44
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                                  ARTICLE XIII
                           WITHDRAWALS WHILE EMPLOYED

13.1     Withdrawals of Rollover Contributions .................................... 45
13.2     Withdrawals of Employer Contributions .................................... 45
13.3     Withdrawals of Tax-Deferred Contributions ................................ 46
13.4     Conditions and Limitations on Hardship Withdrawals ....................... 46
13.5     Order of Withdrawal from a Participant's Sub-Accounts .................... 47

                                   ARTICLE XIV
                  TERMINATION OF EMPLOYMENT AND SETTLEMENT DATE

14.1     Termination of Employment and Settlement Date ............................ 48
14.2     Separate Accounting for Non-Vested Amounts ............................... 48
14.3     Disposition of Non-Vested Amounts ........................................ 48
14.4     Recrediting of Forfeited Amounts ......................................... 49

                                   ARTICLE XV
                                  DISTRIBUTIONS

15.1     Distributions to Participants ............................................ 51
15.2     Distributions to Beneficiaries ........................................... 51
15.3     Cash Outs and Participant Consent ........................................ 52
15.4     Required Commencement of Distribution .................................... 52
15.5     Reemployment of a Participant ............................................ 53
15.6     Restrictions on Alienation ............................................... 53
15.7     Facility of Payment ...................................................... 53
15.8     Inability to Locate Payee ................................................ 53
15.9     Distribution Pursuant to Qualified Domestic Relations Orders ............. 54

                                   ARTICLE XVI
                                 FORM OF PAYMENT

16.1     Definitions .............................................................. 55
16.2     Normal Form of Payment ................................................... 56
16.3     Optional Forms of Payment ................................................ 56
16.4     Change of Option Election ................................................ 57
16.5     Form of Annuity Requirements ............................................. 57
16.6     Qualified Preretirement Survivor Annuity Requirements .................... 58
16.7     Direct Rollover .......................................................... 58
16.8     Notice Regarding Forms of Payment ........................................ 59
16.9     Reemployment ............................................................. 60
16.10    Distribution in the Form of Employer Stock ............................... 60
16.11    Section 242(b)(2) Elections .............................................. 60
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                                  ARTICLE XVII
                                 BENEFICIARIES

17.1     Designation of Beneficiary ............................................... 62
17.2     Spousal Consent Requirements ............................................. 62

                                  ARTICLE XVIII
                                 ADMINISTRATION

18.1     Authority of the Sponsor ................................................. 63
18.2     Action of the Sponsor .................................................... 63
18.3     Claims Review Procedure .................................................. 64
18.4     Qualified Domestic Relations Orders ...................................... 64
18.5     Indemnification .......................................................... 65
18.6     Actions Binding .......................................................... 65

                                   ARTICLE XIX
                            AMENDMENT AND Termination

19.1     Amendment ................................................................ 66
19.2     Limitation on Amendment .................................................. 66
19.3     Termination .............................................................. 66
19.4     Reorganization ........................................................... 67
19.5     Withdrawal of an Employer ................................................ 68

                                   ARTICLE XX
                           ADOPTION BY OTHER ENTITIES

20.1     Adoption by Related Companies ............................................ 69
20.2     Effective Plan Provisions ................................................ 69

                                   ARTICLE XXI
                             MISCELLANEOUS PROVISIONS

21.1     No Commitment as to Employment ........................................... 70
21.2     Benefits ................................................................. 70
21.3     No Guarantees ............................................................ 70
21.4     Expenses ................................................................. 70
21.5     Precedent ................................................................ 70
21.6     Duty to Furnish Information .............................................. 70
21.7     Withholding .............................................................. 71
21.8     Merger, Consolidation, or Transfer of Plan Assets ........................ 71
21.9     Back Pay Awards .......................................................... 71
21.10    Condition on Employer Contributions ...................................... 71
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21.11    Return of Contributions to an Employer ................................... 72
21.12    Validity of Plan ......................................................... 72
21.13    Trust Agreement .......................................................... 72
21.14    Parties Bound ............................................................ 72
21.15    Application of Certain Plan Provisions ................................... 72
21.16    Leased Employees ......................................................... 73
21.17    Transferred Funds ........................................................ 73

                                  ARTICLE XXII
                              TOP-HEAVY PROVISIONS

22.1     Definitions .............................................................. 74
22.2     Applicability ............................................................ 76
22.3     Minimum Employer Contribution ............................................ 76
22.4     Adjustments to Section 415 Limitations ................................... 77
22.5     Accelerated Vesting ...................................................... 77

                                  ARTICLE XXIII
                                 EFFECTIVE DATE

23.1     Effective Date of Amendment and Restatement .............................. 78
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                                   ARTICLE I
                                  DEFINITIONS

1.1 PLAN DEFINITIONS

As used herein, the following words and phrases have the meanings hereinafter
set forth, unless a different meaning is plainly required by the context:

The "ADMINISTRATOR" means the Sponsor unless the Sponsor designates another
person or persons to act as such.

An "AFTER-TAX CONTRIBUTION" means any after-tax employee contribution made by a
Participant as may be permitted under Article V.

The "BENEFICIARY" of a Participant means the person or persons entitled under
the provisions of the Plan to receive distribution hereunder in the event the
Participant dies before receiving distribution of his entire interest under the
Plan.

The "CODE" means the Internal Revenue Code of 1986, as amended from time to
time. Reference to a section of the Code includes such section and any
comparable section or sections of any future legislation that amends,
supplements, or supersedes such section.

The "COMPENSATION" of a Participant for any period means the wages as defined in
Section 3401(a) of the Code, determined without regard to any rules that limit
compensation included in wages based on the nature or location of the employment
or services performed, and all other payments made to him for such period for
services as an Employee for which his Employer is required to furnish the
Participant a written statement under Sections 6041(d), 6051(a)(3), and 6052 of
the Code, but determined prior to any exclusions for amounts deferred under
Section 125, 402(e)(3), 402(h)(1)(B), 403(b), or 457(b) of the Code or for
certain contributions described in Section 414(h)(2) of the Code that are picked
up by the employing unit and treated as employer contributions.

Notwithstanding the foregoing, Compensation shall not include all amounts
includable in gross income from moving or relocation expenses, reimbursements of
automobile expenses, imputed income or the provision of an Employer-provided
automobile or auto allowances or any other company paid-fringe benefit in excess
of the limits on such benefits provided under the Code. Compensation also does
not include amounts attributable to the exercise of stock options, discounts
under or appreciation attributable to Employee stock purchase plans or amounts
elected as deferred compensation. A Participant may elect whether or not to
defer from annual bonuses.

In no event, however, shall the Compensation of a Participant taken into account
under the Plan for any Plan Year exceed $150,000 (subject to adjustment
annually as provided in Section 401(a)(17)(B) and Section 415(d) of the Code;
provided, however, that the dollar increase in

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effect on January 1 of any calendar year, if any, is effective for Plan Years
beginning in such calendar year). If the Compensation of a Participant is
determined over a period of time that contains fewer than 12 calendar months,
then the annual compensation limitation described above shall be adjusted with
respect to that Participant by multiplying the annual compensation limitation in
effect for the Plan Year by a fraction the numerator of which is the number of
full months in the period and the denominator of which is 12; provided, however,
that no proration is required for a Participant who is covered under the Plan
for less than one full Plan Year if the formula for allocations is based on
Compensation for a period of at least 12 months.

A "CONTRIBUTION PERIOD" means the period specified in Article VI for which
Employer Contributions shall be made.

An "ELIGIBLE EMPLOYEE" means any Employee who has met the eligibility
requirements of Article III to have Tax-Deferred Contributions made to the Plan
on his behalf.

The "ELIGIBILITY SERVICE" of an employee means the period or periods of service
credited to him under the provisions of Article II for purposes of determining
his eligibility to participate in the Plan as may be required under Article III
or Article VI.

An "EMPLOYEE" means any employee of an Employer other than an employee who is
covered by a collective bargaining agreement that does not specifically provide
for coverage under the Plan.

An "EMPLOYER" means the Sponsor and any entity which has adopted the Plan as may
be provided under Article XX.

An "EMPLOYER CONTRIBUTION" means the amount, if any, that an Employer
contributes to the Plan as may be provided under Article VI or Article XXII.

An "ENROLLMENT DATE" means the first day of each calendar month of the Plan
Year.

"ERISA" means the Employee Retirement Income Security Act of 1974, as amended
from time to time. Reference to a section of ERISA includes such section and any
comparable section or sections of any future legislation that amends,
supplements, or supersedes such section.

The "GENERAL FUND" means a Trust Fund maintained by the Trustee as required to
hold and administer any assets of the Trust that are not allocated among any
separate Investment Funds as may be provided in the Plan or the Trust Agreement.
No General Fund shall be maintained if all assets of the Trust are allocated
among separate Investment Funds.

A "HIGHLY COMPENSATED EMPLOYEE" means an Employee or former Employee who is a
highly compensated active employee or highly compensated former employee as
defined hereunder.

A "highly compensated active employee" includes any Employee who performs
services for an Employer during the determination year and who (i) was a five
percent owner at any time during

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the determination year or the look back year, (ii) received compensation from an
Employer during the look back year in excess of $75,000 (subject to adjustment
annually at the same time and in the same manner as under Section 415(d) of the
Code), (iii) was in the top paid group of employees for the look back year and
received compensation from an Employer during the look back year in excess of
$50,000 (subject to adjustment annually at the same time and in the same manner
as under Section 415(d) of the Code), (iv) was an officer of an Employer during
the look back year and received compensation during that year in excess of 50
percent of the dollar limitation in effect for that year under Section
415(b)(1)(A) of the Code or, if no officer received compensation in excess of
that amount for the look back year or the determination year, received the
greatest compensation for the look back year of any officer, or (v) was one of
the 100 employees paid the greatest compensation by an Employer for the
determination year and would be described in (ii), (iii), or (iv) above if the
term "determination year" were substituted for "look back year".

A "highly compensated former employee" includes any Employee who separated from
service from an Employer and all Related Companies (or is deemed to have
separated from service from an Employer and all Related Companies) prior to the
determination year, performed no services for an Employer during the
determination year, and was a highly compensated active employee for either the
separation year or any determination year ending on or after the date the
Employee attains age 55.

The determination of who is a Highly Compensated Employee hereunder, including
determinations as to the number and identity of employees in the top paid group,
the 100 employees receiving the greatest compensation from an Employer, the
number of employees treated as officers, and the compensation considered, shall
be made in accordance with the provisions of Section 414(q) of the Code and
regulations issued thereunder. For purposes of this definition, the following
terms have the following meanings:

(a)      The "determination year" means the Plan Year.

(b)      The "look back year" means the 12-month period immediately preceding
         the determination year.

An "HOUR OF SERVICE" with respect to a person means each hour, if any, that may
be credited to him in accordance with the provisions of Article II.

An "INVESTMENT FUND" means any separate investment Trust Fund maintained by the
Trustee as may be provided in the Plan or the Trust Agreement or any separate
investment fund maintained by the Trustee, to the extent that there are
Participant Sub-Accounts under such funds, to which assets of the Trust may be
allocated and separately invested.

A "MATCHING CONTRIBUTION" means any Employer Contribution made to the Plan on
account of a Participant's Tax-Deferred Contributions as provided in Article VI.

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The "NORMAL RETIREMENT DATE" of an employee means the date he attains age 65.

A "PARTICIPANT" means any person who has a Participant Account in the Trust.

A "PARTICIPANT ACCOUNT" means the account maintained by the Trustee in the name
of a Participant that reflects his interest in the Trust and any Sub-Accounts
maintained thereunder, as provided in Article VIII.

The "PLAN" means the Corrpro Companies, Inc. 401(K) Savings Plan, as from time
to time in effect.

A "PLAN YEAR" means the 12-consecutive month period ending March 31, 1990 and
each 12-consecutive month period ending March 31 thereafter. For periods prior
to April 1, 1989, Plan Year means any other period, if any, specified in prior
plan documents.

A "PREDECESSOR EMPLOYER" means predecessor organization of an Employer provided
that the Employer maintains a plan of such predecessor organization.

A "PROFIT-SHARING CONTRIBUTION" means any Employer Contribution made to the Plan
as provided in Article VI, other than Matching Contributions and Qualified
Nonelective Contributions.

A "QUALIFIED NONELECTIVE CONTRIBUTION" means any Employer Contribution made to
the Plan as provided in Article VI that may be taken into account to satisfy the
limitations on Tax-Deferred Contributions by Highly Compensated Employees under
Article VII.

A "RELATED COMPANY" means any corporation or business, other than an Employer,
which would be aggregated with an Employer for a relevant purpose under Section
414 of the Code.

A "ROLLOVER CONTRIBUTION" means any rollover contribution to the Plan made by a
Participant as may be permitted under Article V.

The "SETTLEMENT DATE" of a Participant means the date on which a Participant's
interest under the Plan becomes distributable in accordance with Article XV.

The "SPONSOR" means Corrpro Companies, Inc., and any successor thereto.

A "SUB-ACCOUNT" means any of the individual sub-accounts of a Participant's
Participant Account that is maintained as provided in Article VIII.

A "TAX-DEFERRED CONTRIBUTION" means the amount contributed to the Plan on a
Participant's behalf by his Employer in accordance with his reduction
authorization executed pursuant to Article IV.

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The "TRUST" means the trust, custodial accounts, annuity contracts, or insurance
contracts maintained by the Trustee under the Trust Agreement.

The "TRUST AGREEMENT" means the agreement entered into between the Sponsor and
the Trustee relating to the holding, investment, and reinvestment of the assets
of the Plan, together with all amendments thereto and shall include any
agreement establishing a custodial account, an annuity contract, or an insurance
contract (other than a life, health or accident, property, casualty, or
liability insurance contract) for the investment of assets if the custodial
account or contract would, except for the fact that it is not a trust,
constitute a qualified trust under Section 401 of the Code.

The "TRUSTEE" means the trustee or any successor trustee which at the time shall
be designated, qualified, and acting under the Trust Agreement and shall include
any insurance company that issues an annuity or insurance contract pursuant to
the Trust Agreement or any person holding assets in a custodial account pursuant
to the Trust Agreement. The Sponsor may designate a person or persons other than
the Trustee to perform any responsibility of the Trustee under the Plan, other
than trustee responsibilities as defined in Section 405(c)(3) of ERISA, and the
Trustee shall not be liable for the performance of such person in carrying out
such responsibility except as otherwise provided by ERISA. The term Trustee
shall include any delegate of the Trustee as may be provided in the Trust
Agreement.

A "TRUST FUND" means any fund maintained under the Trust by the Trustee.

A "VALUATION DATE" means the date or dates designated by the Sponsor and
communicated in writing to the Trustee for the purpose of valuing the General
Fund and each Investment Fund and adjusting Participant Accounts and
Sub-Accounts hereunder, which dates need not be uniform with respect to the
General Fund, each Investment Fund, Participant Account, or Sub-Account;
provided, however, that the General Fund and each Investment Fund shall be
valued and each Participant Account and Sub-Account shall be adjusted no less
often than once annually.

The "VESTING SERVICE" of an employee means the period or periods of service
credited to him under the provisions of Article II for purposes of determining
his vested interest in his Employer Contributions Sub-Account, if Employer
Contributions are provided for under either Article VI or Article XXII.

1.2 INTERPRETATION

Where required by the context, the noun, verb, adjective, and adverb forms of
each defined term shall include any of its other forms. Wherever used herein,
the masculine pronoun shall include the feminine, the singular shall include the
plural, and the plural shall include the singular.

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                                   ARTICLE II
                                    SERVICE

2.1      DEFINITIONS

For purposes of this Article, the following terms shall have the following
meanings:

(a)      A "break in service" means any computation period during which a person
         completes fewer than 501 Hours of Service except that no person shall
         incur a break in service solely by reason of temporary absence from
         work not exceeding 24 months resulting from illness, layoff, or other
         cause if authorized in advance by an Employer or a Related Company
         pursuant to its uniform leave policy, if his employment shall not
         otherwise be terminated during the period of such absence.

(b)      A "computation period" for purposes of determining an employee's years
         of Vesting Service means each Plan Year; provided, however, that if an
         employee first completed an Hour of Service prior to the effective date
         of the Plan, a Plan Year shall not mean any short Plan Year beginning
         on the effective date of the Plan, if any, but shall mean any
         12-consecutive-month period beginning before the effective date of the
         Plan that would have been a Plan Year if the Plan had been in effect.

(c)      A "computation period" for purposes of determining an employee's years
         of Eligibility Service means (i) the 12-consecutive-month period
         beginning on the first date he completes an Hour of Service, and (ii)
         each 12-consecutive-month period beginning on an anniversary of such
         date.

(d)      The "continuous service" of an employee means the service credited to
         him in accordance with the provisions of Section 2.6 of the Plan.

(e)      The "employment commencement date" of an employee means the date he
         first completes an Hour of Service.

(f)      A "maternity/paternity absence" means a person's absence from
         employment with an Employer or a Related Company because of the
         person's pregnancy, the birth of the person's child, the placement of a
         child with the person in connection with the person's adoption of the
         child, or the caring for the person's child immediately following the
         child's birth or adoption. A person's absence from employment will not
         be considered a maternity/paternity absence unless the person furnishes
         the Administrator such timely information as may reasonably be required
         to establish that the absence was for one of the purposes enumerated in
         this paragraph and to establish the number of days of absence
         attributable to such purpose.

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(g)      The "reemployment commencement date" of an employee means the first
         date following a severance date on which he again completes an Hour of
         Service.

(h)      The "severance date" of an employee means the earlier of (i) the date
         on which he retires, dies, or his employment with an Employer and all
         Related Companies is otherwise terminated, or (ii) the first
         anniversary of the first date of a period during which he is absent
         from work with an Employer and all Related Companies for any other
         reason; provided, however, that if he terminates employment with or is
         absent from work with an Employer and all Related Companies on account
         of service with the armed forces of the United States, he shall not
         incur a severance date if he is eligible for reemployment rights under
         the Uniformed Services Employment and Reemployment Rights Act of 1994
         and he returns to work with an Employer or a Related Company within the
         period during which he retains such reemployment rights.

2.2 CREDITING OF HOURS OF SERVICE

A person shall be credited with an Hour of Service for:

(a)      each hour for which he is paid, or entitled to payment, for the
         performance of duties for an Employer, a Predecessor Employer, or a
         Related Company during the applicable computation period; provided,
         however, that hours compensated at a premium rate shall be treated as
         straight-time hours;

(b)      subject to the provisions of Section 2.4, each hour for which he is
         paid, or entitled to payment (for situations indicated directly below),
         by an Employer, a Predecessor Employer, or a Related Company on account
         of a period of time during which no duties are performed (irrespective
         of whether the employment relationship has terminated) due to vacation,
         holiday, illness, incapacity (including disability), lay-off, jury
         duty, military duty, or leave of absence;

(c)      each hour for which he would have been scheduled to work for an
         Employer, a Predecessor Employer, or a Related Company during the
         period that he is absent from work because of service with the armed
         forces of the United States provided he is eligible for reemployment
         rights under the Uniformed Services Employment and Reemployment Rights
         Act of 1994 and returns to work with an Employer or a Related Company
         within the period during which he retains such reemployment rights; and

(d)      each hour for which back pay, irrespective of mitigation of damages, is
         either awarded or agreed to by an Employer, a Predecessor Employer, or
         a Related Company; provided, however, that the same Hour of Service
         shall not be credited both under paragraph (a) or (b) or (c) of this
         Section, as the case may be, and under this paragraph (d); and
         provided, further, that the crediting of Hours of Service for back pay
         awarded or agreed to with respect to periods described in such
         paragraph (b) shall be subject to the limitations set forth therein and
         in Section 2.4.

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For purposes of determining an Employee's years of Eligibility Service and
Vesting Service under the Plan, years of service with an acquired company shall
be treated as service with an Employer.

Notwithstanding the foregoing and solely for purposes of determining whether a
person who is on a maternity/paternity absence beginning on or after the first
day of the first Plan Year that commences on or after January 1, 1985, has
incurred a break in service, Hours of Service shall include those hours with
which such person would otherwise have been credited but for such
maternity/paternity absence, or shall include eight Hours of Service for each
day of maternity/paternity absence if the actual hours to be credited cannot be
determined; except that not more than 501 hours are to be credited by reason of
any maternity/paternity absence. Any hours included as Hours of Service pursuant
to the immediately preceding sentence shall be credited to the computation
period in which the absence from employment begins, if such person otherwise
would incur a break in service in such computation period, or, in any other
case, to the immediately following computation period.

2.3 HOURS OF SERVICE EQUIVALENCIES

Notwithstanding any other provision of the Plan to the contrary, an Employer may
elect to credit Hours of Service to its employees in accordance with one of the
following equivalencies, and if an Employer does not maintain records that
accurately reflect actual hours of service, such Employer shall credit Hours of
Service to its employees in accordance with one of the following equivalencies:

(a)      If the Employer maintains its records on the basis of days worked, an
         employee shall be credited with 10 Hours of Service for each day on
         which he performs an Hour of Service.

(b)      If the Employer maintains its records on the basis of weeks worked, an
         employee shall be credited with 45 Hours of Service for each week in
         which he performs an Hour of Service.

(c)      If the Employer maintains its records on the basis of semi-monthly
         payroll periods, an employee shall be credited with 95 Hours of Service
         for each semi-monthly payroll period in which he performs an Hour of
         Service.

(d)      If the Employer maintains its records on the basis of months worked, an
         employee shall be credited with 190 Hours of Service for each month in
         which he performs an Hour of Service.

                                       8
<PAGE>   17

2.4 LIMITATIONS ON CREDITING OF HOURS OF SERVICE

In the application of the provisions of paragraph (b) of Section 2.2, the
following shall apply:

(a)      An hour for which a person is directly or indirectly paid, or entitled
         to payment, on account of a period during which no duties are performed
         shall not be credited to him if such payment is made or due under a
         plan maintained solely for the purpose of complying with applicable
         workers' compensation, unemployment compensation, or disability
         insurance laws.

(b)      Hours of Service shall not be credited with respect to a payment which
         solely reimburses a person for medical or medically-related expenses
         incurred by him.

(c)      A payment shall be deemed to be made by or due from an Employer, a
         Predecessor Employer, or a Related Company (i) regardless of whether
         such payment is made by or due from such employer directly or
         indirectly, through (among others) a trust fund or insurer to which any
         such employer contributes or pays premiums, and (ii) regardless of
         whether contributions made or due to such trust fund, insurer, or other
         entity are for the benefit of particular persons or are on behalf of a
         group of persons in the aggregate.

(d)      No more than 501 Hours of Service shall be credited to a person on
         account of any single continuous period during which he performs no
         duties (whether or not such period occurs in a single computation
         period), unless no duties are performed due to service with the armed
         forces of the United States for which the person retains reemployment
         rights as provided in paragraph (c) of Section 2.2.

2.5 DEPARTMENT OF LABOR RULES

The rules set forth in paragraphs (b) and (c) of Department of Labor Regulations
2530.200b-2, which relate to determining Hours of Service attributable to
reasons other than the performance of duties and crediting Hours of Service to
computation periods, are hereby incorporated into the Plan by reference.

2.6 CREDITING OF CONTINUOUS SERVICE

A person shall be credited with continuous service for the aggregate of the
periods of time between his employment commencement date or any reemployment
commencement date and the severance date that next follows such employment
commencement date or reemployment commencement date; provided, however, that an
employee who has a reemployment commencement date within the
12-consecutive-month period following the earlier of the first date of his
absence or his severance date shall be credited with continuous service for the
period between such severance date and reemployment commencement date.

                                       9
<PAGE>   18

2.7 ELIGIBILITY SERVICE

Years of Eligibility Service shall be determined in accordance with the
following provisions:

(a)      An employee shall be credited with Eligibility Service equal to his
         continuous service.

(b)      An Employee shall be credited with one year of Eligibility Service for
         each computation period during which he completes at least 1,000 Hours
         of Service.

(c)      Years of eligibility service as determined under any predecessor plan
         of an Employer shall be treated as Eligibility Service under the Plan.

2.8 YEARS OF VESTING SERVICE

Years of Vesting Service shall be determined in accordance with the following
provisions:

(a)      An employee shall be credited with a year of Vesting Service for each
         computation period during which he completes at least 1,000 Hours of
         Service.

(b)      Years of vesting service as determined under any predecessor plan of an
         Employer shall be treated as Vesting Service under the Plan.

2.9 EXCLUSION OF VESTING SERVICE EARNED FOLLOWING A BREAK FOR DETERMINING VESTED
    INTEREST IN PRIOR ACCRUED BENEFIT

Notwithstanding any other provision of the Plan to the contrary, Vesting Service
completed by an Employee after his "re-employment commencement date" shall not
be included in determining his vested interest in his Participant Account
attributable to employment prior to his immediately preceding "severance date"
if the period of time between such "severance date" and his "re-employment
commencement date" is equal to or greater than five years.

2.10 CREDITING OF HOURS OF SERVICE WITH RESPECT TO SHORT PLAN YEAR

The following provisions shall apply with respect to crediting Hours of Service
with respect to any short Plan Year other than a short Plan Year that may be
excluded from the computation period under the provisions of Section 2.1:

(a)      For purposes of this Article, a "short Plan Year" means any Plan Year
         of fewer than 12 consecutive months.

(b)      Notwithstanding any other provision of the Plan to the contrary, no
         person shall incur a break in service for a short Plan Year solely
         because of such short Plan Year.

                                       10
<PAGE>   19

(c)      For purposes of determining the years of Vesting Service to be credited
         to an Employee, a Plan Year shall not include the short Plan Year, but
         if an Employee completes at least 1,000 Hours of Service in the
         12-consecutive-month period beginning on the first day of the short
         Plan Year, such Employee shall be credited with a year of Vesting
         Service for such 12-consecutive-month period.

2.11 CREDITING OF SERVICE ON TRANSFER OR AMENDMENT

Notwithstanding any other provision of the Plan to the contrary, if an Employee
is transferred from employment covered under a qualified plan maintained by an
Employer or a Related Company for which eligibility service is credited based on
Hours of Service and computation periods in accordance with Department of Labor
Regulations 2530.200 through 2530.203 to employment covered under the Plan or,
prior to amendment, the Plan provided for crediting of service on the basis of
Hours of Service and computation periods, an affected Employee shall be credited
with Eligibility Service hereunder equal to:

(a)      the Employee's years of service credited to him under the Hours of
         Service method before the computation period in which the transfer or
         the effective date of the amendment occurs, plus

(b)      the greater of (i) the period of service that would be credited to the
         Employee under the elapsed time method provided hereunder for his
         employment during the entire computation period in which the transfer
         or the effective date of the amendment occurs or (ii) the service taken
         into account under the Hours of Service method for such computation
         period as of the transfer date or the effective date of the amendment,
         plus

(c)      the service credited to such Employee under the elapsed time method
         provided hereunder for the period of time beginning on the day after
         the last day of the computation period in which the transfer or the
         effective date of the amendment occurs.

In addition, notwithstanding any other provision of the Plan to the contrary, if
an Employee is transferred from employment covered under a qualified plan
maintained by an Employer or a Related Company for which vesting service is
credited based on elapsed time in accordance with Treasury Regulations
1.410(a)-7 to employment covered under the Plan or, prior to amendment, the Plan
provided for crediting of Eligibility Service on the basis of elapsed time, an
affected Employee shall be credited with Vesting Service hereunder equal to:

(a)      the number of one year periods of service credited to the Employee
         under the elapsed time method before the transfer date or the effective
         date of the amendment, plus

(b)      his service under the Hours of Service method provided hereunder for
         the computation period in which the transfer or the effective date of
         the amendment occurs applying one of the equivalencies set forth in
         Section 2.3 to any fractional part of a year credited

                                       11
<PAGE>   20

to the Employee under the elapsed time method as of the transfer date or the
effective date of the amendment; provided, however that the same equivalency
shall be used for all similarly situated Employees, plus

(c) the service credited to such Employee under the Hours of Service method
provided hereunder for computation periods beginning after the computation
period in which the transfer or the effective date of the amendment occurs.

                                       12
<PAGE>   21

                                  ARTICLE III
                                  ELIGIBILITY

3.1 ELIGIBILITY

Each Employee who was an Eligible Employee immediately prior to the effective
date of this amendment and restatement shall continue to be an Eligible
Employee. With respect to determining an Employee's eligibility to make
Tax-Deferred Contributions, to share in the allocation of Matching
Contributions, and to direct the investment of his Participant Account, each
other Employee shall become an Eligible Employee as of the Enrollment Date
following the date on which he has completed 30 days of Eligibility Service.
With respect to determining an Employee's eligibility to share in the allocation
of Profit-Sharing Contributions, each other Employee shall become an Eligible
Employee as of the Enrollment Date following the date on which he has completed
one year of Eligibility Service.

3.2 TRANSFERS OF EMPLOYMENT

If a person is transferred directly from employment with an Employer or with a
Related Company in a capacity other than as an Employee to employment as an
Employee, he shall become an Eligible Employee as of the date he is so
transferred if prior to an Enrollment Date coinciding with or preceding such
transfer date he has met the eligibility requirements of Section 3.1. Otherwise,
the eligibility of a person who is so transferred to elect to have Tax-Deferred
Contributions made to the Plan on his behalf shall be determined in accordance
with Section 3.1.

3.3 REEMPLOYMENT

If a person who terminated employment with an Employer and all Related Companies
is reemployed as an Employee and if he had been an Eligible Employee prior to
his termination of employment, he shall again become an Eligible Employee on the
date he is reemployed. Otherwise, the eligibility of a person who terminated
employment with an Employer and all Related Companies and who is reemployed by
an Employer or a Related Company to elect to have Tax-Deferred Contributions
made to the Plan on his behalf shall be determined in accordance with Section
3.1 or 3.2.

3.4 NOTIFICATION CONCERNING NEW ELIGIBLE EMPLOYEES

Each Employer shall notify the Administrator as soon as practicable of Employees
becoming Eligible Employees as of any date.

3.5 EFFECT AND DURATION

Upon becoming an Eligible Employee, an Employee shall be entitled to elect to
have Tax-Deferred Contributions made to the Plan on his behalf and shall be
bound by all the terms

                                       13
<PAGE>   22

and conditions of the Plan and the Trust Agreement. A person shall continue as
an Eligible Employee eligible to have Tax-Deferred Contributions made to the
Plan on his behalf only so long as he continues employment as an Employee.

                                       14
<PAGE>   23

                                   ARTICLE IV
                           TAX-DEFERRED CONTRIBUTIONS

4.1 TAX-DEFERRED CONTRIBUTIONS

Effective as of the date he becomes an Eligible Employee, or any subsequent
Enrollment Date, each Eligible Employee may elect in accordance with rules
prescribed by the Administrator to have Tax-Deferred Contributions made to the
Plan on his behalf by his Employer as hereinafter provided. An Eligible
Employee's election shall include his authorization for his Employer to reduce
his Compensation and to make Tax-Deferred Contributions on his behalf and his
election as to the investment of his contributions in accordance with Article X.
Tax-Deferred Contributions on behalf of an Eligible Employee shall commence the
first day of the month following both his election to defer and satisfaction of
the 30-day eligibility requirement.

4.2 AMOUNT OF TAX-DEFERRED CONTRIBUTIONS

The amount of Tax-Deferred Contributions to be made to the Plan on behalf of an
Eligible Employee by his Employer shall be an integral percentage of his
Compensation of not less than one percent nor more than 15 percent. In the
event an Eligible Employee elects to have his Employer make Tax-Deferred
Contributions on his behalf, his Compensation shall be reduced for each payroll
period by the percentage he elects to have contributed on his behalf to the Plan
in accordance with the terms of his currently effective reduction authorization.

4.3 CHANGES IN REDUCTION AUTHORIZATION

An Eligible Employee may change the percentage of his future Compensation that
his Employer contributes on his behalf as Tax-Deferred Contributions at such
time or times during the Plan Year as the Administrator may prescribe by filing
an amended reduction authorization with his Employer such number of days prior
to the date such change is to become effective as the Administrator shall
prescribe. An Eligible Employee who changes his reduction authorization shall be
limited to selecting a percentage of his Compensation that is otherwise
permitted hereunder. Tax-Deferred Contributions shall be made on behalf of such
Eligible Employee by his Employer pursuant to his amended reduction
authorization filed in accordance with this Section commencing on the first day
of the month on or after the date such filing is effective, until otherwise
altered or terminated in accordance with the Plan.

4.4 SUSPENSION OF TAX-DEFERRED CONTRIBUTIONS

An Eligible Employee on whose behalf Tax-Deferred Contributions are being made
may have such contributions suspended at any time by giving such number of days
advance notice to his Employer as the Administrator shall prescribe. Any such
voluntary suspension shall take effect commencing with Compensation paid to such
Eligible Employee on or after the expiration of the

                                       15
<PAGE>   24

required notice period and shall remain in effect until Tax-Deferred
Contributions are resumed as hereinafter set forth.

4.5 RESUMPTION OF TAX-DEFERRED CONTRIBUTIONS

An Eligible Employee who has voluntarily suspended his Tax-Deferred
Contributions may have such contributions resumed at such time or times during
the Plan Year as the Administrator may prescribe, by filing a new reduction
authorization with his Employer such number of days prior to the date as of
which such contributions are to be resumed as the Administrator shall prescribe.

4.6 DELIVERY OF TAX-DEFERRED CONTRIBUTIONS

Within the time period prescribed by law, as soon after the date an amount would
otherwise be paid to an Employee as it can reasonably be separated from Employer
assets, each Employer shall cause to be delivered to the Trustee in cash all
Tax-Deferred Contributions attributable to such amounts.

4.7 VESTING OF TAX-DEFERRED CONTRIBUTIONS

A Participant's vested interest in his Tax-Deferred Contributions Sub-Account
shall be at all times 100 percent.

                                       16
<PAGE>   25

                                   ARTICLE V
                      AFTER-TAX AND ROLLOVER CONTRIBUTIONS

5.1 NO AFTER-TAX CONTRIBUTIONS

There shall be no After-Tax Contributions made to the Plan.

5.2 ROLLOVER CONTRIBUTIONS

An Employee who was a participant in a plan qualified under Section 401 or 403
of the Code and who receives a cash distribution or other property from such
plan that he elects either (i) to roll over immediately to a qualified
retirement plan or (ii) to roll over into a conduit IRA from which he receives a
later cash distribution, may elect to make a Rollover Contribution to the Plan
if he is entitled under Section 402(c), Section 403(a)(4), or Section
408(d)(3)(A) of the Code to roll over such distribution to another qualified
retirement plan. The Administrator may require an Employee to provide it with
such information as it deems necessary or desirable to show that he is entitled
to roll over such distribution to another qualified retirement plan. An Employee
shall make a Rollover Contribution to the Plan by delivering, or causing to be
delivered, to the Trustee the cash that constitutes the Rollover Contribution
amount within 60 days of receipt of the distribution from the plan or from the
conduit IRA in the manner prescribed by the Administrator. If the Employee does
not already have an investment election on file with the Administrator, the
Employee shall also deliver to the Administrator his election as to the
investment of his contributions in accordance with Article X. If no investment
election is on file with the Administrator at the time contributions are to be
deposited to a Participant's Participant Account, the Participant shall be
notified and an investment election form shall be provided to him. Until such
Participant shall make an effective election under this Section, his
contributions shall be invested as the Administrator shall prescribe.

5.3 VESTING OF ROLLOVER CONTRIBUTIONS

A Participant's vested interest in his Rollover Contributions Sub-Account shall
be at all times 100 percent.

                                       17
<PAGE>   26
                                   ARTICLE VI
                             EMPLOYER CONTRIBUTIONS

6.1 CONTRIBUTION PERIOD

The Contribution Period for Employer Contributions under the Plan shall be each
Plan Year.

6.2 PROFIT-SHARING CONTRIBUTIONS

Each Employer may, in its discretion, make a Profit-Sharing Contribution to the
Plan for the Contribution Period in an amount determined by the Employer;
provided that, except as otherwise permitted by Section 404 of the Code, such
Profit-Sharing Contributions shall not exceed, in the aggregate, 15% of the
Compensation of all Eligible Employees for the Employer's federal tax year.

6.3 ALLOCATION OF PROFIT-SHARING CONTRIBUTIONS

Any Profit-Sharing Contribution made by an Employer for a Contribution Period
shall be allocated among its Employees during the Contribution Period who are
eligible to participate in the allocation of Profit-Sharing Contributions for
the Contribution Period, as determined under this Article. The allocable share
of each such Employee shall be in the ratio which his Compensation from the
Employer for the Contribution Period bears to the aggregate of such Compensation
for all such Employees.

6.4 QUALIFIED NONELECTIVE CONTRIBUTIONS

Each Employer may, in its discretion, make a Qualified Nonelective Contribution
to the Plan for the Contribution Period in an amount determined by the Sponsor.

6.5 ALLOCATION OF QUALIFIED NONELECTIVE CONTRIBUTIONS

Any Qualified Nonelective Contribution made for a Contribution Period shall be
allocated among the Employees who are eligible to participate in the allocation
of Qualified Nonelective Contributions for the Contribution Period, as
determined under this Article, other than any such Employee who is a Highly
Compensated Employee. The allocable share of each such Employee shall be in the
ratio which his Compensation from the Employer for the Plan Year bears to the
aggregate of such Compensation for all such Employees.

6.6 AMOUNT AND ALLOCATION OF SAFE HARBOR MATCHING CONTRIBUTIONS

Each Employer shall make a safe harbor Matching Contribution on behalf of each
of its Eligible Employees during the Contribution Period who has made
Tax-Deferred Contributions for such Contribution Period. The amount of the safe
harbor Matching Contribution shall be equal to:

                                       18
<PAGE>   27

(a)      100 percent of the first three percent of the Eligible Employee's
         Compensation that he contributes to the Plan as Tax-Deferred
         Contributions plus

(b)      50 percent of the next two percent of the Eligible Employee's
         Compensation that he contributes to the Plan as Tax-Deferred
         Contributions.

6.7 VERIFICATION OF AMOUNT OF EMPLOYER CONTRIBUTIONS BY THE SPONSOR

The Sponsor shall verify the amount of Employer Contributions to be made by
each Employer in accordance with the provisions of the Plan. Notwithstanding any
other provision of the Plan to the contrary, the Sponsor shall determine the
portion of the Employer Contribution to be made by each Employer with respect to
an Employee who transfers from employment with one Employer as an Employee to
employment with another Employer as an Employee.

6.8 PAYMENT OF EMPLOYER CONTRIBUTIONS

Employer Contributions made for a Contribution Period shall be paid in cash or
in qualifying employer securities, as defined in Section 407(d)(5) of ERISA, or
with respect to Profit-Sharing Contributions, in-kind, to the Trustee within the
period of time required under the Code in order for the contribution to be
deductible by the Employer in determining its Federal income taxes for the Plan
Year.

6.9 ELIGIBILITY TO PARTICIPATE IN ALLOCATION

Each Employee shall be eligible to participate in the allocation of Employer
Contributions beginning on the date he becomes, or again becomes, an Eligible
Employee in accordance with the provisions of Article III. Notwithstanding the
foregoing, no person shall be eligible to participate in the allocation of
Profit-Sharing Contributions for a Contribution Period unless (i) he is employed
by an Employer or a Related Company on the last day of the Contribution Period
and (ii) he has completed at least 1.000 Hours of Service during the Plan Year;
provided, however, that the foregoing provisions shall not apply to a person who
terminates employment during the Plan Year on or after his Normal Retirement
Date or because of death or physical or mental disability that prevents him from
engaging in any substantial gainful activity and that is expected to result in
death or be of continued and indefinite duration. A Participant shall be deemed
to have total and permanent disability if the Plan receives certificates from
two physicians, one selected by the Participant or his representative and one
selected by the Plan, stating that the Participant is disabled as defined above.
If the two physicians disagree, they shall select a third physician, and the
decision of any two of the physicians shall control and be conclusive on all
parties.

                                       19
<PAGE>   28

6.10 VESTING OF EMPLOYER CONTRIBUTIONS

A Participant's vested interest in his Qualified Nonelective Contributions
Sub-Account and Safe-Harbor Matching Contributions Sub-Account shall be at all
times 100 percent. In addition, the vested interest of a Participant, who is an
Eligible Employee on and after April 1, 1999, in the portion of his Matching
Contributions Sub-Account that is attributable to Matching Contributions made to
the Plan before April 1, 1999 shall be at all times 100 percent. If, however, a
Participant terminated employment covered by the Plan on or before March 31,
1999, his vested interest in the portion of his Matching Contributions
Sub-Account that is attributable to Matching Contribution made to the Plan
before April 1, 1999 shall be determined in accordance with the schedule set
forth below with respect to Profit-Sharing Contributions.

A Participant's vested interest in his Profit-Sharing Contributions Sub-Accounts
shall be determined in accordance with the following schedule:

   Years of Vesting Service             Vested Interest
   ------------------------             ---------------

        Less than 2                           0%
        2 but less than 3                    20%
        3 but less than 4                    40%
        4 but less than 5                    60%
        5 but less than 6                    80%
        6 or more                           100%

Notwithstanding the foregoing, if a Participant is employed by an Employer or a
Related Company on his Normal Retirement Date, the date he dies, or the date he
becomes physically or mentally disabled such that he is prevented from engaging
in any substantial gainful activity, his vested interest in his Profit-Sharing
and Matching Contributions Sub-Accounts shall be 100 percent.. A Participant
shall be deemed to be totally and permanently disabled if the condition is
expected to result in death or be of continued and indefinite duration and if
the Plan receives certificates from two physicians, one selected by the
Participant or his representative and one selected by the Plan, stating that the
Participant is disabled as defined under the Plan. If the two physicians
disagree, they shall select a third physician, and the decision of any two of
the physicians shall control and be conclusive on all parties.

6.11 ELECTION OF FORMER VESTING SCHEDULE

If the Sponsor adopts an amendment to the Plan that directly or indirectly
affects the computation of a Participant's vested interest in his Employer
Contributions Sub-Account, any Participant with three or more years of Vesting
Service shall have a right to have his vested interest in his Employer
Contributions Sub-Account continue to be determined under the vesting provisions
in effect prior to the amendment rather than under the new vesting provisions,
unless the vested interest of the Participant in his Employer Contributions
Sub-Account under the Plan as amended is not at any time less than such vested
interest determined without regard to the amendment. A

                                       20
<PAGE>   29

Participant shall exercise his right under this Section by giving written notice
of his exercise thereof to the Administrator within 60 days after the latest of
(i) the date he receives notice of the amendment from the Administrator, (ii)
the effective date of the amendment, or (iii) the date the amendment is adopted.
Notwithstanding the foregoing, a Participant's vested interest in his Employer
Contributions Sub-Account on the effective date of such an amendment shall not
be less than his vested interest in his Employer Contributions Sub-Account
immediately prior to the effective date of the amendment.

6.12 FORFEITURES TO REDUCE EMPLOYER CONTRIBUTIONS

Notwithstanding any other provision of the Plan to the contrary, the amount of
the Employer Contribution required under this Article for a Plan Year shall he
reduced by the amount of any forfeitures occurring during the Plan Year that are
not used to pay Plan expenses.

                                       21

<PAGE>   30

                                  ARTICLE VII
                          LIMITATIONS ON CONTRIBUTIONS

7.1 DEFINITIONS

For purposes of this Article, the following terms have the following meanings:

(a)      The "actual deferral percentage" with respect to an Eligible Employee
         for a particular Plan Year means the ratio of the Tax-Deferred
         Contributions made on his behalf for the Plan Year to his test
         compensation for the Plan Year, except that, to the extent permitted by
         regulations issued under Section 401(k) of the Code, the Sponsor may
         elect to take into account in computing the numerator of each Eligible
         Employee's actual deferral percentage the qualified matching
         contributions and/or qualified nonelective contributions made to the
         Plan on his behalf for the Plan Year; provided, however, that
         contributions made on a Participant's behalf for a Plan Year shall be
         included in determining his actual deferral percentage for such Plan
         Year only if the contributions are made to the Plan prior to the end of
         the 12-month period immediately following the Plan Year to which the
         contributions relate. The determination and treatment of the actual
         deferral percentage amounts for any Participant shall satisfy such
         other requirements as may be prescribed by the Secretary of the
         Treasury.

(b)      The "aggregate limit" means the sum of (i) 125 percent of the greater
         of the average contribution percentage for eligible participants other
         than Highly Compensated Employees or the average actual deferral
         percentage for Eligible Employees other than Highly Compensated
         Employees and (ii) the lesser of 200 percent or two plus the lesser of
         such average contribution percentage or average actual deferral
         percentage, or, if it would result in a larger aggregate limit, the sum
         of (iii) 125 percent of the lesser of the average contribution
         percentage for eligible participants other than Highly Compensated
         Employees or the average actual deferral percentage for Eligible
         Employees other than Highly Compensated Employees and (iv) the lesser
         of 200 percent or two plus the greater of such average contribution
         percentage or average actual deferral percentage.

(c)      The "annual addition" with respect to a Participant for a limitation
         year means the sum of the Tax-Deferred Contributions and Employer
         Contributions allocated to his Participant Account for the limitation
         year (including any excess contributions that are distributed pursuant
         to this Article), the employer contributions, employee contributions,
         and forfeitures allocated to his accounts for the limitation year under
         any other qualified defined contribution plan (whether or not
         terminated) maintained by an Employer or a Related Company concurrently
         with the Plan, and amounts described in Sections 415(l)(2) and
         419A(d)(2) of the Code allocated to his account for the limitation
         year; provided, however, that the annual addition for limitation years

                                       22
<PAGE>   31

         beginning prior to January 1, 1987 shall not be recalculated to treat
         all employee contributions as annual additions.

(d)      The "Code Section 402(g) limit" means the dollar limit imposed by
         Section 402(g)(l) of the Code or established by the Secretary of the
         Treasury pursuant to Section 402(g)(5) of the Code in effect on January
         1 of the calendar year in which an Eligible Employee's taxable year
         begins.

(e)      The "contribution percentage" with respect to an eligible participant
         for a particular Plan Year means the ratio of the matching
         contributions made to the Plan on his behalf for the Plan Year to his
         test compensation for such Plan Year, except that, to the extent
         permitted by regulations issued under Section 401(m) of the Code, the
         Sponsor may elect to take into account in computing the numerator of
         each eligible participant's contribution percentage the Tax-Deferred
         Contributions and/or qualified nonelective contributions made to the
         Plan on his behalf for the Plan Year; provided, however, that any
         Tax-Deferred Contributions, qualified matching contributions, and/or
         qualified nonelective contributions that were taken into account in
         computing the numerator of an eligible participant's actual deferral
         percentage may not be taken into account in computing the numerator of
         his contribution percentage; and provided, further, that contributions
         made by or on a Participant's behalf for a Plan Year shall be included
         in determining his contribution percentage for such Plan Year only if
         the contributions are made to the Plan prior to the end of the
         12-month period immediately following the Plan Year to which the
         contributions relate. The determination and treatment of the
         contribution percentage amounts for any Participant shall satisfy such
         other requirements as may be prescribed by the Secretary of the
         Treasury.

(f)      An "elective contribution" means any employer contribution made to a
         plan maintained by an Employer or any Related Company on behalf of a
         Participant in lieu of cash compensation pursuant to his election to
         defer under any qualified CODA as described in Section 401(k) of the
         Code, any simplified employee pension cash or deferred arrangement as
         described in Section 402(h)(1)(B) of the Code, any eligible deferred
         compensation plan under Section 457 of the Code, or any plan as
         described in Section 501(c)(18) of the Code, and any contribution made
         on behalf of the Participant by an Employer or a Related Company for
         the purchase of an annuity contract under Section 403(b) of the Code
         pursuant to a salary reduction agreement.

(g)      An "eligible participant" means any Employee who is eligible to have
         Tax-Deferred Contributions made on his behalf (if Tax-Deferred
         Contributions are taken into account in computing contribution
         percentages), or to participate in the allocation of matching
         contributions (including qualified matching contributions).

(h)      An "excess deferral" with respect to a Participant means that portion
         of a Participant's Tax-Deferred Contributions that when added to
         amounts deferred under other plans or arrangements described in
         Sections 401(k), 408(k), or 403(b) of the Code, would

                                       23
<PAGE>   32

         exceed the Code Section 402(g) limit and is includable in the
         Participant's gross income under Section 402(g) of the Code.

(i)      A "limitation year" means the Plan Year.

(j)      A "matching contribution" means any employer contribution allocated to
         an Eligible Employee's account under the Plan or any other plan of an
         Employer or a Related Company solely on account of elective
         contributions made on his behalf or employee contributions made by him.

(k)      A "qualified matching contribution" means any matching contribution
         that is a qualified matching contribution as defined in regulations
         issued under Section 401(k) of the Code, is nonforfeitable when made,
         and is distributable only as permitted in regulations issued under
         Section 401(k) of the Code.

(1)      A "qualified nonelective contribution" means any employer contribution
         made on behalf of a Participant that the Participant could not elect
         instead to receive in cash, that is a qualified nonelective
         contribution as defined in Section 401(k) and Section 401(m) of the
         Code and regulations issued thereunder, is nonforfeitable when made,
         and is distributable only as permitted in regulations issued under
         Section 401(k) of the Code.

(m)      The "test compensation" of an Eligible Employee for a Plan Year means
         compensation as defined in Section 414(s) of the Code and regulations
         issued thereunder, limited, however, to $150,000 (subject to adjustment
         annually as provided in Section 401(a)(17)(B) and Section 415(d) of the
         Code; provided, however, that the dollar increase in effect on January
         1 of any calendar year, if any, is effective for Plan Years beginning
         in such calendar year). If the test compensation of a Participant is
         determined over a period of time that contains fewer than 12
         calendar months, then the annual compensation limitation described
         above shall be adjusted with respect to that Participant by
         multiplying the annual compensation limitation in effect for the Plan
         Year by a fraction the numerator of which is the number of full months
         in the period and the denominator of which is 12; provided, however,
         that no proration is required for a Participant who is covered under
         the Plan for less than one full Plan Year if the formula for
         allocations is based on Compensation for a period of at least 12
         months.

7.2 CODE SECTION 402(g) LIMIT

In no event shall the amount of the Tax-Deferred Contributions made on behalf of
an Eligible Employee for his taxable year, when aggregated with any elective
contributions made on behalf of the Eligible Employee under any other plan of an
Employer or a Related Company for his taxable year, exceed the Code Section
402(g) limit. In the event that the Administrator determines that the reduction
percentage elected by an Eligible Employee will result in his exceeding the Code
Section 402(g) limit, the Administrator may adjust the reduction

                                       24
<PAGE>   33

authorization of such Eligible Employee by reducing the percentage of his
Tax-Deferred Contributions to such smaller percentage that will result in the
Code Section 402(g) limit not being exceeded. If the Administrator determines
that the Tax-Deferred Contributions made on behalf of an Eligible Employee would
exceed the Code Section 402(g) limit for his taxable year, the Tax-Deferred
Contributions for such Participant shall be automatically suspended for the
remainder, if any, of such taxable year.

If an Employer notifies the Administrator that the Code Section 402(g) limit has
nevertheless been exceeded by an Eligible Employee for his taxable year, the
Tax-Deferred Contributions that, when aggregated with elective contributions
made on behalf of the Eligible Employee under any other plan of an Employer or a
Related Company, would exceed the Code Section 402(g) limit, plus any income and
minus any losses attributable thereto, shall be distributed to the Eligible
Employee no later than the April 15 immediately following such taxable year. Any
Tax-Deferred Contributions that are distributed to an Eligible Employee in
accordance with this Section shall NOT be taken into account in computing the
Eligible Employee's actual deferral percentage for the Plan Year in which the
Tax-Deferred Contributions were made, unless the Eligible Employee is a Highly
Compensated Employee. If an amount of Tax-Deferred Contributions is distributed
to a Participant in accordance with this Section, matching contributions that
are attributable solely to the distributed Tax-Deferred Contributions, plus any
income and minus any losses attributable thereto, shall be forfeited by the
Participant. Any such forfeited amounts shall be treated as a forfeiture under
the Plan in accordance with the provisions of Article XIV as of the last day of
the month in which the distribution of Tax-Deferred Contributions pursuant to
this Section occurs.

7.3 DISTRIBUTION OF EXCESS DEFERRALS

Notwithstanding any other provision of the Plan to the contrary, if a
Participant notifies the Administrator in writing no later than the March 1
following the close of the Participant's taxable year that excess deferrals have
been made on his behalf under the Plan for such taxable year, the excess
deferrals, plus any income and minus any losses attributable thereto, shall be
distributed to the Participant no later than the April 15 immediately following
such taxable year. Any Tax-Deferred Contributions that are distributed to a
Participant in accordance with this Section shall nevertheless be taken into
account in computing the Participant's actual deferral percentage for the Plan
Year in which the Tax-Deferred Contributions were made. If an amount of
Tax-Deferred Contributions is distributed to a Participant in accordance with
this Section, matching contributions that are attributable solely to the
distributed Tax-Deferred Contributions, plus any income and minus any losses
attributable thereto, shall be forfeited by the Participant. Any such forfeited
amounts shall be treated as a forfeiture under the Plan in accordance with the
provisions of Article XIV as of the last day of the month in which the
distribution of Tax-Deferred Contributions pursuant to this Section occurs.

                                       25
<PAGE>   34

7.4 LIMITATION ON TAX-DEFERRED CONTRIBUTIONS OF HIGHLY COMPENSATED EMPLOYEES

Notwithstanding any other provision of the Plan to the contrary, the
Tax-Deferred Contributions made with respect to a Plan Year on behalf of
Eligible Employees who are Highly Compensated Employees may not result in an
average actual deferral percentage for such Eligible Employees that exceeds the
greater of:

(a)      a percentage that is equal to 125 percent of the average actual
         deferral percentage for all other Eligible Employees; or

(b)      a percentage that is not more than 200 percent of the average actual
         deferral percentage for all other Eligible Employees and that is not
         more than two percentage points higher than the average actual deferral
         percentage for all other Eligible Employees.

In order to assure that the limitation contained herein is not exceeded with
respect to a Plan Year, the Administrator is authorized to suspend completely
further Tax-Deferred Contributions on behalf of Highly Compensated Employees for
any remaining portion of a Plan Year or to adjust the projected actual deferral
percentages of Highly Compensated Employees by reducing their percentage
elections with respect to Tax-Deferred Contributions for any remaining portion
of a Plan Year to such smaller percentages that will result in the limitation
set forth above not being exceeded. In the event of any such suspension or
reduction, Highly Compensated Employees affected thereby shall be notified of
the reduction or suspension as soon as possible and shall be given an
opportunity to make a new Tax-Deferred Contribution election to be effective the
first day of the next following Plan Year. In the absence of such an election,
the election in effect immediately prior to the suspension or adjustment
described above shall be reinstated as of the first day of the next following
Plan Year.

In determining the actual deferral percentage for any Eligible Employee who is a
Highly Compensated Employee for the Plan Year, elective contributions, qualified
nonelective contributions, and qualified matching contributions (to the extent
that qualified nonelective contributions and qualified matching contributions
are taken into account in computing actual deferral percentages) made to his
accounts under any other plan of an Employer or a Related Company shall be
treated as if all such contributions were made to the Plan; provided, however,
that if such a plan has a plan year different from the Plan Year, any such
contributions made to the Highly Compensated Employee's accounts under the plan
for the plan year ending with or within the same calendar year as the Plan Year
shall be treated as if such contributions were made to the Plan. Notwithstanding
the foregoing, such contributions shall not be treated as if they were made to
the Plan if regulations issued under Section 401(k) of the Code do not permit
such plan to be aggregated with the Plan.

If one or more plans of an Employer or Related Company are aggregated with the
Plan for purposes of satisfying the requirements of Section 401(a)(4) or 410(b)
of the Code, then actual deferral percentages under the Plan shall be calculated
as if the Plan and such one or more other

                                       26
<PAGE>   35

plans were a single plan. For Plan Years beginning after December 31, 1991,
plans may be aggregated to satisfy Section 401(k) of the Code only if they have
the same plan year.

The Administrator shall maintain records sufficient to show that the limitation
contained in this Section was not exceeded with respect to any Plan Year and the
amount of the qualified nonelective contributions and/or qualified matching
contributions taken into account in computing actual deferral percentages for
any Plan Year.

7.5 DISTRIBUTION OF EXCESS TAX-DEFERRED CONTRIBUTIONS

Notwithstanding any other provision of the Plan to the contrary, in the event
that the limitation contained in Section 7.4 is exceeded in any Plan Year, the
Tax-Deferred Contributions and qualified matching contributions (to the extent
that such qualified matching contributions are taken into account in computing
his actual deferral percentage) made with respect to a Highly Compensated
Employee that exceed the maximum amount permitted to be contributed to the Plan
on his behalf under Section 7.4, plus any income and minus any losses
attributable thereto, shall be distributed to the Highly Compensated Employee
prior to the end of the next succeeding Plan Year. If such excess amounts are
distributed more than 2 1/2 months after the last day of the Plan Year for which
the excess occurred, an excise tax may be imposed under Section 4979 of the Code
on the Employer maintaining the Plan with respect to such amounts.

The maximum amount permitted to be contributed to the Plan on a Highly
Compensated Employee's behalf under Section 7.4 shall be determined by reducing
Tax-Deferred Contributions and qualified matching contributions (to the extent
that such qualified matching contributions are taken into account in computing
his actual deferral percentage) made on behalf of Highly Compensated Employees
in order of their actual deferral percentages beginning with the highest of such
percentages. The determination of the amount of excess Tax-Deferred
Contributions shall be made after application of Section 7.3, if applicable.

If an amount of Tax-Deferred Contributions is distributed to a Participant in
accordance with this Section, matching contributions that are attributable
solely to the distributed Tax-Deferred Contributions, plus any income and minus
any losses attributable thereto, shall be forfeited by the Participant. Any such
forfeited amounts shall be treated as a forfeiture under the Plan in accordance
with the provisions of Article XIV as of the last day of the month in which the
distribution of Tax-Deferred Contributions pursuant to this Section occurs.

7.6 LIMITATION ON MATCHING CONTRIBUTIONS OF HIGHLY COMPENSATED EMPLOYEES

Notwithstanding any other provision of the Plan to the contrary, the matching
contributions made with respect to a Plan Year on behalf of eligible
participants who are Highly Compensated Employees may not result in an average
contribution percentage for such eligible participants that exceeds the greater
of:

                                       27
<PAGE>   36

(a)      a percentage that is equal to 125 percent of the average contribution
         percentage for all other eligible participants; or

(b)      a percentage that is not more than 200 percent of the average
         contribution percentage for all other eligible participants and that is
         not more than two percentage points higher than the average
         contribution percentage for all other eligible participants.

In determining the contribution percentage for any eligible participant who is a
Highly Compensated Employee for the Plan Year, matching contributions, employee
contributions, qualified nonelective contributions, and elective contributions
(to the extent that qualified nonelective contributions and elective
contributions are taken into account in computing contribution percentages) made
to his accounts under any other plan of an Employer or a Related Company shall
be treated as if all such contributions were made to the Plan; provided,
however, that if such a plan has a plan year different from the Plan Year, any
such contributions made to the Highly Compensated Employee's accounts under the
plan for the plan year ending with or within the same calendar year as the Plan
Year shall be treated as if such contributions were made to the Plan.
Notwithstanding the foregoing, such contributions shall not be treated as if
they were made to the Plan if regulations issued under Section 401(m) of the
Code do not permit such plan to be aggregated with the Plan.

If one or more plans of an Employer or a Related Company are aggregated with the
Plan for purposes of satisfying the requirements of Section 401(a)(4) or 410(b)
of the Code, the contribution percentages under the Plan shall be calculated as
if the Plan and such one or more other plans were a single plan. For Plan Years
beginning after December 31, 1989, plans may be aggregated to satisfy Section
401(m) of the Code only if they have the same plan year.

The Administrator shall maintain records sufficient to show that the limitation
contained in this Section was not exceeded with respect to any Plan Year and the
amount of the elective contributions, qualified matching contributions, and
qualified nonelective contributions taken into account in computing contribution
percentages for any Plan Year.

7.7 FORFEITURE OR DISTRIBUTION OF EXCESS CONTRIBUTIONS

Notwithstanding any other provision of the Plan to the contrary, in the event
that the limitation contained in Section 7.6 is exceeded in any Plan Year, the
matching contributions made on behalf of a Highly Compensated Employee that
exceed the maximum amount permitted to be contributed to the Plan on behalf of
such Highly Compensated Employee under Section 7.6, plus any income and minus
any losses attributable thereto, shall be forfeited, to the extent forfeitable,
or distributed to the Participant prior to the end of the next succeeding Plan
Year as hereinafter provided. If such excess amounts are distributed more than 2
1/2 months after the last day of the Plan Year for which the excess occurred, an
excise tax may be imposed under Section 4979 of the Code on the Employer
maintaining the Plan with respect to such amounts.

                                       28
<PAGE>   37

The maximum amount permitted to be contributed to the Plan on behalf of a Highly
Compensated Employee under Section 7.6 shall be determined by reducing matching
contributions made on behalf of Highly Compensated Employees in order of their
contribution percentages beginning with the highest of such percentages.

Any amounts forfeited with respect to a Participant pursuant to this Section
shall be treated as a forfeiture under the Plan in accordance with the
provisions of Article XIV as of the last day of the month in which the
distribution of contributions pursuant to this Section occurs. Excess matching
contributions shall be distributable to the extent the Participant has a vested
interest in his Employer Contributions Sub-Account that is attributable to
matching contributions, other than qualified matching contributions, and shall
otherwise be forfeitable. The determination of the amount of excess matching
contributions shall be made after application of Section 7.3, if applicable, and
after application of Section 7.5, if applicable.

7.8 MULTIPLE USE LIMITATION

Notwithstanding any other provision of the Plan to the contrary, the following
multiple use limitation as required under Section 401(m) of the Code shall
apply: the sum of the average actual deferral percentage for Eligible Employees
who are Highly Compensated Employees and the average contribution percentage for
eligible participants who are Highly Compensated Employees may not exceed the
aggregate limit. In the event that, after satisfaction of Section 7.5 and
Section 7.7, it is determined that contributions under the Plan fail to satisfy
the multiple use limitation contained herein, the multiple use limitation shall
be satisfied by further reducing the actual deferral percentages of Eligible
Employees who are Highly Compensated Employees (beginning with the highest such
percentage) to the extent necessary to eliminate the excess, with such further
reductions to be treated as excess Tax-Deferred Contributions and disposed of as
provided in Section 7.5, or in an alternative manner, consistently applied, that
may be permitted by regulations issued under Section 401(m) of the Code.

7.9 DETERMINATION OF INCOME OR LOSS

The income or loss attributable to excess contributions that are distributed
pursuant to this Article shall be determined for the preceding Plan Year under
the method otherwise used for allocating income or loss to Participant's
Participant Accounts.

7.10 DEEMED SATISFACTION OF THE LIMITATIONS ON TAX-DEFERRED CONTRIBUTIONS AND
     MATCHING CONTRIBUTIONS OF HIGHLY COMPENSATED EMPLOYEES

Notwithstanding any other provision of this Article to the contrary, for Plan
Years in which the Employers satisfy the safe harbor notice requirements
described in the following Section, and make the safe harbor Matching
Contribution described in Article VI, the Plan shall be deemed to have satisfied
the limitations on Tax-Deferred Contributions of Highly Compensated Employees
described in this Article. If the Plan also satisfies the requirements of
Section 401(m)(11) of the Code and regulations issued thereunder, the Plan
shall be deemed to have satisfied the limitations

                                       29
<PAGE>   38

on Matching Contributions of Highly Compensated Employees described in this
Article. The Plan shall not be deemed to have satisfied the limitations on
Matching Contributions of Highly Compensated Employees for any Plan Year if an
Employer or Related Company maintains a plan under which matching contributions
on behalf of Highly Compensated Employees are made at a rate greater than the
rate provided under the Plan and such matching contributions must be aggregated
with Matching Contributions made on behalf of any Highly Compensated Employee
under the Plan.

7.11 NOTICE REQUIREMENTS FOR SAFE HARBOR MATCHING CONTRIBUTIONS

For each Plan Year in which an Employer makes a safe harbor Matching
Contribution on behalf of its Eligible Employees, the Employer shall provide
such Eligible Employees a notice describing (i) the formula used for determining
safe harbor Matching Contributions; (ii) any other Employer Contributions
available under the Plan and the requirements that must be satisfied to receive
an allocation of such Employer Contributions; (iii) the type and amount of
Compensation that may be deferred under the Plan as Tax Deferred Contributions;
(iv) how to make a cash or deferred election under the Plan and the periods in
which such elections may be made or changed; and (v) the withdrawal and vesting
provisions applicable to contributions under the Plan. Such notice shall be
written in a manner calculated to be understood by the average Eligible
Employee. The Employer shall provide such notice within one of the following
periods, whichever is applicable:

(a)      for an employee who is an Eligible Employee 90 days before the
         beginning of the Plan Year, within the period beginning 90 days and
         ending 30 days before the beginning of the Plan Year, or

(b)      for an employee who becomes an Eligible Employee after that date,
         within the period beginning 90 days before the date he becomes an
         Eligible Employee and ending on the date such employee becomes an
         Eligible Employee.

7.12 CODE SECTION 415 LIMITATIONS ON CREDITING OF CONTRIBUTIONS AND FORFEITURES

Notwithstanding any other provision of the Plan to the contrary, the annual
addition with respect to a Participant for a limitation year shall in no event
exceed the lesser of (i) $30,000 (adjusted as provided in Section 415(d) of the
Code, with the first adjustment being made for limitation years beginning on or
after January 1, 1996) or (ii) 25 percent of the Participant's compensation, as
defined in Section 415(c)(3) of the Code and regulations issued thereunder, for
the limitation year. If the annual addition to the Participant Account of a
Participant in any limitation year would otherwise exceed the amount that may be
applied for his benefit under the limitation contained in this Section, the
limitation shall be satisfied by reducing contributions made on behalf of the
Participant to the extent necessary in the following order:

          Tax-Deferred Contributions made on the Participant's behalf for the
          limitation year and the matching contributions attributable thereto.
          if any, shall be reduced pro rata.

                                       30
<PAGE>   39

          Employer Contributions (other than matching contributions and
          qualified nonelective contributions) otherwise allocable to the
          Participant's Participant Account for the limitation year shall be
          reduced.

          Qualified nonelective contributions made on the Participant's behalf
          for the limitation year shall be reduced.

The amount of any reduction of Tax-Deferred Contributions (plus any income
attributable thereto) shall be returned to the Participant. The amount of any
reduction of Employer Contributions shall be deemed a forfeiture for the
limitation year. Amounts deemed to be forfeitures under this Section shall be
held unallocated in a suspense account established for the limitation year and
shall be applied against the Employer's contribution obligation for the next
following limitation year (and succeeding limitation years, as necessary). If a
suspense account is in existence at any time during a limitation year, all
amounts in the suspense account must be allocated to Participants' Participant
Accounts (subject to the limitations contained herein) before any further
Tax-Deferred Contributions or Employer Contributions may be made to the Plan on
behalf of Participants. No suspense account established hereunder shall share in
any increase or decrease in the net worth of the Trust. For purposes of this
Article, excesses shall result only from the allocation of forfeitures, a
reasonable error in estimating a Participant's annual compensation (as defined
in Section 415(c)(3) of the Code and regulations issued thereunder), a
reasonable error in determining the amount of Tax-Deferred Contributions that
may be made with respect to any Participant under the limits of Section 415 of
the Code, or other limited facts and circumstances that justify the availability
of the provisions set forth above.

7.13 COVERAGE UNDER OTHER QUALIFIED DEFINED CONTRIBUTION PLAN

If a Participant is covered by any other qualified defined contribution plan
(whether or not terminated) maintained by an Employer or a Related Company
concurrently with the Plan, and if the annual addition for the limitation year
would otherwise exceed the amount that may be applied for the Participant's
benefit under the limitation contained in Section 7.12, such excess shall be
reduced first by applying the procedures set forth in Section 7.12. If the
limitation contained in Section 7.12 is still not satisfied, such excess shall
be reduced by returning the employee contributions made by the Participant for
the limitation year under all such other plans and the income attributable
thereto to the extent necessary. If the limitation contained in Section 7.12 is
still not satisfied after returning all of such employee contributions, then the
portion of the employer contributions and of forfeitures for the limitation year
under all such other plans that has been allocated to the Participant
thereunder, but which exceeds the limitation set forth in Section 7.12 shall be
reduced and disposed of as provided in such other plans; provided, however, that
if the Participant is covered by a money purchase pension plan, the forfeiture
shall be effected first under any other defined contribution plan that is not a
money purchase pension plan and, if the limitation is still not satisfied, then
under such money purchase pension plan.

                                       31
<PAGE>   40

7.14 COVERAGE UNDER QUALIFIED DEFINED BENEFIT PLAN

If a Participant in the Plan is also covered by a qualified defined benefit plan
(whether or not terminated) maintained by an Employer or a Related Company, in
no event shall the sum of the defined benefit plan fraction (as defined in
Section 415(e)(2) of the Code) and the defined contribution plan fraction (as
defined in Section 415(e)(3) of the Code) exceed 1.0 in any limitation year. If,
before October 3, 1973, the Participant was an active participant in a qualified
defined benefit plan maintained by an Employer or a Related Company and
otherwise satisfies the requirements of Section 2004(d)(2) of ERISA, then for
purposes of applying this Section, the defined benefit plan fraction shall not
exceed 1.0. If the Plan satisfied the applicable requirements of Section 415 of
the Code as in effect for all limitation years beginning before January 1, 1987,
an amount shall be subtracted from the numerator of the defined contribution
plan fraction (not exceeding such numerator) as prescribed by the Secretary of
the Treasury so that the sum of the defined benefit plan fraction and the
defined contribution plan fraction computed under Section 415(e)(1) of the Code,
as revised by the Tax Reform Act of 1986, does not exceed 1.0 for such
limitation year. In the event the special limitation contained in this Section
is exceeded, the benefits otherwise payable to the Participant under any such
qualified defined benefit plan shall be reduced to the extent necessary to meet
such limitation.

7.15 SCOPE OF LIMITATIONS

The limitations contained in Sections 7.12 7.13 and 7.14 shall be applicable
only with respect to benefits provided pursuant to defined contribution plans
and defined benefit plans described in Section 415(k) of the Code.

                                       32
<PAGE>   41

                                  ARTICLE VIII
                      TRUST FUNDS AND PARTICIPANT ACCOUNTS

8.1 GENERAL FUND

The Trustee shall maintain a General Fund as required to hold and administer any
assets of the Trust that are not allocated among the Investment Funds as
provided in the Plan or the Trust Agreement. The General Fund shall be held and
administered as a separate common trust fund. The interest of each Participant
or Beneficiary under the Plan in the General Fund shall be an undivided
interest.

8.2 INVESTMENT FUNDS

The Sponsor shall determine the number and type of Investment Funds and select
the investments for such Investment Funds. The Sponsor shall communicate the
same and any changes therein in writing to the Administrator and the Trustee.
Each Investment Fund shall be held and administered as a separate common trust
fund. The interest of each Participant or Beneficiary under the Plan in any
Investment Fund shall be an undivided interest.

The Sponsor may determine to offer one or more Investment Funds that are
invested in whole or in part in equity securities issued by an Employer or a
Related Company that are publicly traded and are "qualifying employer
securities" as defined in Section 407(d)(5) of ERISA.

8.3 LOAN INVESTMENT FUND

If a loan from the Plan to a Participant is approved in accordance with the
provisions of Article XII, the Sponsor shall direct the establishment and
maintenance of a loan Investment Fund in the Participant's name. The assets of
the loan Investment Fund shall be held as a separate trust fund.
A Participant's loan Investment Fund shall be invested in the note reflecting
the loan that is executed by the Participant in accordance with the provisions
of Article XII. Notwithstanding any other provision of the Plan to the contrary,
income received with respect to a Participant's loan Investment Fund shall be
allocated and the loan Investment Fund shall be administered as provided in
Article XII.

8.4 INCOME ON TRUST

Any dividends, interest, distributions, or other income received by the Trustee
with respect to any Trust Fund maintained hereunder shall be allocated by the
Trustee to the Trust Fund for which the income was received.

                                       33
<PAGE>   42

8.5 PARTICIPANT ACCOUNTS

As of the first date a contribution is made by or on behalf of an Employee,
there shall be established a Participant Account in his name reflecting his
interest in the Trust. Each Participant Account shall be maintained and
administered for each Participant and Beneficiary in accordance with the
provisions of the Plan. The balance of each Participant Account shall be the
balance of the account after all credits and charges thereto, for and as of such
date, have been made as provided herein.

8.6 SUB-ACCOUNTS

A Participant's Participant Account shall be divided into individual
Sub-Accounts reflecting the portion of the Participant's Participant Account
that is derived from Tax-Deferred Contributions, Rollover Contributions, or
Employer Contributions. Each Sub-Account shall reflect separately contributions
allocated to each Trust Fund maintained hereunder and the earnings and losses
attributable thereto. The Employer Contributions Sub-Account shall reflect
separately that portion of such Sub-Account that is derived from Employer
Contributions that may be taken into account to satisfy the limitations on
contributions for Highly Compensated Employees contained in Article VII. Such
other Sub-Accounts may be established as are necessary or appropriate to reflect
a Participant's interest in the Trust.

                                       34
<PAGE>   43

                                   ARTICLE IX
                            LIFE INSURANCE CONTRACTS

9.1 NO LIFE INSURANCE CONTRACTS

There shall be no life insurance contracts purchased under the Plan.

                                       35
<PAGE>   44
                                   ARTICLE X
                    DEPOSIT AND INVESTMENT OF CONTRIBUTIONS

10.1 FUTURE CONTRIBUTION INVESTMENT ELECTIONS

Each Eligible Employee shall make an investment election in the manner and form
prescribed by the Administrator directing the manner in which his Tax-Deferred
Contributions, Rollover Contributions, and Employer Contributions shall be
invested. An Eligible Employee's investment election shall specify the
percentage, in the percentage increments prescribed by the Administrator, of
such contributions that shall be allocated to one or more or the Investment
Funds with the sum of such percentages equaling 100 percent. The investment
election by a Participant shall remain in effect until his entire interest under
the Plan is distributed or forfeited in accordance with the provisions of the
Plan or until he files a change of investment election with the Administrator,
in such form as the Administrator shall prescribe. A Participant's change of
investment election may be made effective as of the date or dates prescribed by
the Administrator.

10.2 DEPOSIT OF CONTRIBUTIONS

All Tax-Deferred Contributions, Rollover Contributions. and Employer
Contributions shall be deposited in the Trust and allocated among the Investment
Funds in accordance with the Participant's currently effective investment
election; provided, however, that any contributions made to the Plan in
qualifying employer securities shall be allocated to the Employer securities
Investment Fund established by the Sponsor, pending directions to the
Administrator regarding their future investment. If no investment election is on
file with the Administrator at the time contributions are to be deposited to a
Participant's Participant Account, the Participant shall be notified and an
investment election form shall be provided to him. Until such Participant shall
make an effective election under this Section, his contributions shall be
invested as the Administrator shall prescribe.

10.3 ELECTION TO TRANSFER BETWEEN FUNDS

A Participant may elect to transfer investments from any Investment Fund to any
other Investment Fund. The Participant's transfer election shall specify either
(i) a percentage, in the percentage increments prescribed by the Administrator,
of the amount eligible for transfer, which percentage may not exceed 100
percent, or (ii) a dollar amount that is to be transferred. Subject to any
restrictions pertaining to a particular Investment Fund, a Participant's
transfer election may be made effective as of the date or dates prescribed by
the Administrator.

10.4 SPECIAL RULES FOR INSIDER-PARTICIPANTS

This Section applies only to an Insider-Participant's direction to invest
(directly or indirectly) all or any portion of such Insider-Participant's
Participant Account in the Employer stock

                                       36
<PAGE>   45

Investment Fund and receipt of distributions from such Insider-Participant's
Participant Account invested in the Employer stock Investment Fund. An
Insider-Participant's right to direct the investment (directly or indirectly)
of such Insider-Participant's Participant Account in the Employer stock
Investment Fund or to receive distributions from such Insider-Participant's
Participant Account invested in the Employer stock Investment Fund shall be
governed by this Article, except to the extent that such rules conflict with
the rules set forth in this Section, in which event the rules set forth in this
Section shall control in order to qualify for the exemptions from Section 16 of
the Securities Exchange Act of 1934, as amended (the "Act"), pursuant to Rule
16b-3 promulgated by the Securities and Exchange Commission. Any direction or
distribution which is subject to the rules set forth in this Section must
satisfy each of the provisions set forth below to the extent applicable. An
Insider-Participant is a Participant who: (A) either (i) is or was in the prior
six months an officer or director of an Employer or (ii) owns, directly or
indirectly, more than 10% of any class of Employer equity securities registered
pursuant to Section 12 of the Act and (B) is subject to Section 16 of the Act
and the rules promulgated thereunder by the Securities and Exchange Commission.

An Insider-Participant's direction to transfer the investment of such
Insider-Participant's Participant Account either to or from the Employer stock
Investment Fund from any other funds under the Plan shall be made and shall be
effective as soon as administratively feasible after such direction is received
by the Plan, subject to the following limitations:

(a)      SIX-MONTH LIMITATION ON TRANSFERS INTO THE EMPLOYER STOCK INVESTMENT
         FUND FOLLOWING A TRANSFER OUT OF THE EMPLOYER STOCK INVESTMENT FUND

         If an Insider-Participant transfers money to another investment fund,
         or receives a loan, a hardship withdrawal, or other distribution
         out of the Employer stock Investment Fund, the Insider-Participant
         will be precluded from transferring any funds from other investment
         funds (excluding future Tax-Deferred Contributions and Rollover
         Contributions) into the Employer stock Investment Fund until the
         expiration of six months from the most recent transfer or distribution
         out of the Employer stock Investment Fund.

(b)      SIX MONTH LIMITATION ON TRANSFERS OUT OF THE EMPLOYER STOCK INVESTMENT
         FUND FOLLOWING A TRANSFER INTO THE EMPLOYER STOCK INVESTMENT FUND.

         If an Insider-Participant transfers money into the Employer stock
         Investment Fund from another investment fund, (excluding future
         Tax-Deferred Contributions, repayment of loans, and Rollover
         Contributions) the Insider-Participant will be precluded from
         transferring any funds (including loans, hardship withdrawals,
         transfers to other funds or distributions except in connection with
         the Insider- Participant's death, disability or retirement) out of the
         Employer stock Investment Fund until the expiration of six months from
         the most recent transfer of funds into the Employer stock Investment
         Fund.

                                       37
<PAGE>   46

         In the event the provisions of Section 16 of the Act or the
         regulations promulgated thereunder are amended, changing the
         parameters effecting the restrictions applicable to
         Insider-Participants, the above restrictions shall be deemed to be
         automatically amended to permit Insider-Participants to make
         transfers, distributions and elections in accordance with and to the
         extent provided by such amended provisions of the Act or regulations
         promulgated thereunder.

10.5 404(c) PLAN

The Plan is intended to constitute a plan described in Section 404(c) of ERISA
and regulations issued thereunder. The fiduciaries of the Plan may be relieved
of liability for any losses that are the direct and necessary result of
investment instructions given by a Participant, his Beneficiary, or an alternate
payee under a qualified domestic relations order.

                                       38
<PAGE>   47

                                   ARTICLE XI
                   CREDITING AND VALUING PARTICIPANT ACCOUNTS

11.1 CREDITING PARTICIPANT ACCOUNTS

All contributions made under the provisions of the Plan shall be credited to
Participant Accounts in the Trust Funds by the Trustee, in accordance with
procedures established in writing by the Administrator, either when received or
on the succeeding Valuation Date after valuation of the Trust Fund has been
completed for such Valuation Date as provided in Section 11.2, as shall be
determined by the Administrator.

11.2 VALUING PARTICIPANT ACCOUNTS

Participant Accounts in the Trust Funds shall be valued by the Trustee on the
Valuation Date, in accordance with procedures established in writing by the
Administrator, either in the manner adopted by the Trustee and approved by the
Administrator or in the manner set forth in Section 11.3 as Plan valuation
procedures, as determined by the Administrator.

11.3 PLAN VALUATION PROCEDURES

With respect to the Trust Funds, the Administrator may determine that the
following valuation procedures shall be applied. As of each Valuation Date
hereunder, the portion of any Participant Accounts in a Trust Fund shall be
adjusted to reflect any increase or decrease in the value of the Trust Fund for
the period of time occurring since the immediately preceding Valuation Date for
the Trust Fund (the "valuation period") in the following manner:

(a)      First, the value of the Trust Fund shall be determined by valuing all
         of the assets of the Trust Fund at fair market value.

(b)      Next, the net increase or decrease in the value of the Trust Fund
         attributable to net income and all profits and losses, realized and
         unrealized, during the valuation period shall be determined on the
         basis of the valuation under paragraph (a) taking into account
         appropriate adjustments for contributions, loan payments, and transfers
         to and distributions, withdrawals, loans, and transfers from such Trust
         Fund during the valuation period.

(c)      Finally, the net increase or decrease in the value of the Trust Fund
         shall be allocated among Participant Accounts in the Trust Fund in the
         ratio of the balance of the portion of such Participant Account in the
         Trust Fund as of the preceding Valuation Date less any distributions,
         withdrawals, loans, and transfers from such Participant Account balance
         in the Trust Fund since the Valuation Date to the aggregate balances of
         the portions of all Participant Accounts in the Trust Fund similarly
         adjusted, and each Participant Account in the Trust Fund shall be
         credited or charged with the amount of

                                       39
<PAGE>   48

         its allocated share. Notwithstanding the foregoing, the Administrator
         may adopt such accounting procedures as it considers appropriate and
         equitable to establish a proportionate crediting of net increase or
         decrease in the value of the Trust Fund for contributions, loan
         payments, and transfers to and distributions, withdrawals, loans, and
         transfers from such Trust Fund made by or on behalf of a Participant
         during the valuation period.

11.4 FINALITY OF DETERMINATIONS

The Trustee shall have exclusive responsibility for determining the balance of
each Participant Account maintained hereunder. The Trustee's determinations
thereof shall be conclusive upon all interested parties.

11.5 NOTIFICATION

Within a reasonable period of time after the end of each Plan Year, the
Administrator shall notify each Participant and Beneficiary of the balances of
his Participant Account and Sub-Accounts as of a Valuation Date during the Plan
Year.

                                       40
<PAGE>   49

                                  ARTICLE XII
                                     LOANS

12.1 APPLICATION FOR LOAN

A Participant who is a party in interest may make application to the
Administrator for a loan from his Participant Account. Loans shall be made to
Participants in accordance with written rules prescribed by the Administrator
which are hereby incorporated into and made a part of the Plan.

As collateral for any loan granted hereunder, the Participant shall grant to the
Plan a security interest in his vested interest under the Plan equal to the
amount of the loan; provided, however, that in no event may the security
interest exceed 50 percent of the Participant's vested interest under the Plan
determined as of the date as of which the loan is originated in accordance with
Plan provisions. In the case of a Participant who is an active employee, the
Participant also shall enter into an agreement to repay the loan by payroll
withholding. In no event may a Participant receive a loan from the Plan in
excess of 100 percent of his vested interest under the Plan. Loans shall not be
made available to Highly Compensated Employees in an amount greater than the
amount made available to other employees.

A loan shall not be granted unless the Participant consents to the charging of
his Participant Account for unpaid principal and interest amounts in the event
the loan is declared to be in default. If a Participant's Participant Account is
subject to the qualified joint and survivor annuity provisions under Article
XVI, the Participant's spouse must consent in writing to any loan hereunder. Any
Spousal consent given pursuant to this Section must acknowledge the effect of
the loan and must be witnessed by a Plan representative or a notary public. Such
spousal consent shall be binding with respect to the consenting spouse and any
subsequent spouse with respect to the loan. A new spousal consent shall be
required if the Participant's Participant Account is used for security in any
renegotiation, extension, renewal, or other revision of the loan.

12.2 REDUCTION OF ACCOUNT UPON DISTRIBUTION

Notwithstanding any other provision of the Plan, the amount of a Participant's
Participant Account that is distributable to the Participant or his Beneficiary
under Article XIII or XV shall be reduced by the portion of his vested interest
that is held by the Plan as security for any loan outstanding to the
Participant, provided that the reduction is used to repay the loan. If
distribution is made because of the Participant's death prior to the
commencement of distribution of his Participant Account and less than 100
percent of the Participant's vested interest in his Participant Account
(determined without regard to the preceding sentence) is payable to his
surviving spouse, then the balance of the Participant's vested interest in his
Participant Account shall be adjusted by reducing the vested account balance by
the amount of the security used to

                                       41
<PAGE>   50

repay the loan, as provided in the preceding sentence, prior to determining the
amount of the benefit payable to the surviving spouse.

12.3 REQUIREMENTS TO PREVENT A TAXABLE DISTRIBUTION

Notwithstanding any other provision of the Plan to the contrary, the following
terms and conditions shall apply to any loan made to a Participant under this
Article:

(a)      The interest rate on any loan to a Participant shall be a reasonable
         interest rate commensurate with current interest rates charged for
         loans made under similar circumstances by persons in the business of
         lending money.

(b)      The amount of any loan to a Participant (when added to the outstanding
         balance of all other loans to the Participant from the Plan or any
         other plan maintained by an Employer or a Related Company) shall not
         exceed the lesser of:

         (i)      $50,000, reduced by the excess, if any, of the highest
                  outstanding balance of any other loan to the Participant from
                  the Plan or any other plan maintained by an Employer or a
                  Related Company during the preceding 12-month period over the
                  outstanding balance of such loans on the date a loan is made
                  hereunder; or

         (ii)     50 percent of the vested portions of the Participant's
                  Participant Account and his vested interest under all other
                  plans maintained by an Employer or a Related Company.

(c)      The term of any loan to a Participant shall be no greater than five
         years, except in the case of a loan used to acquire any dwelling unit
         which within a reasonable period of time is to be used (determined at
         the time the loan is made) as a principal residence of the Participant.

(d)      Except as otherwise permitted under Treasury regulations, substantially
         level amortization shall be required over the term of the loan with
         payments made not less frequently than quarterly.

12.4 ADMINISTRATION OF LOAN INVESTMENT FUND

Upon approval of a loan to a Participant, the Administrator shall direct the
Trustee to transfer an amount equal to the loan amount from the Investment Funds
in which it is invested, as directed by the Administrator, to the loan
Investment Fund established in the Participant's name. Any loan approved by the
Administrator shall be made to the Participant out of the Participant's loan
Investment Fund. All principal and interest paid by the Participant on a loan
made under this Article shall be deposited to his Participant Account and shall
be allocated upon receipt among the Investment Funds in accordance with the
Participant's currently effective investment election.

                                       42
<PAGE>   51

The balance of the Participant's loan Investment Fund shall be decreased by the
amount of principal payments and the loan Investment Fund shall be terminated
when the loan has been repaid in full.

12.5 DEFAULT

If a Participant fails to make or cause to be made, any payment required under
the terms of the loan within 90 days following the date on which such payment
shall become due or there is an outstanding principal balance existing on a loan
after the last scheduled repayment date, the Administrator shall direct the
Trustee to declare the loan to be in default, and the entire unpaid balance of
such loan, together with accrued interest, shall be immediately due and payable.
In any such event, if such balance and interest thereon is not then paid, the
Trustee shall charge the Participant Account of the borrower with the amount of
such balance and interest as of the earliest date a distribution may be made
from the Plan to the borrower without adversely affecting the tax qualification
of the Plan or of the cash or deferred arrangement.

12.6 SPECIAL RULES APPLICABLE TO LOANS

Any loan made hereunder shall be subject to the following rules:

(a)      Loans limited to Eligible Employees: No loans shall be made to an
         Employee who makes a Rollover Contribution in accordance with Article
         V, but who is not an Eligible Employee as provided in Article III.

(b)      Minimum Loan Amount: A Participant may not request a loan for less than
         $1,000.

(c)      Maximum Number of Outstanding Loans: A Participant may not have more
         than two outstanding loans at any time or such other number as
         prescribed by the Administrator. A Participant with two outstanding
         loans may not apply for another loan until all but one of the existing
         loans is repaid in full and may not refinance an existing loan or
         obtain a third loan for the purpose of paying off an existing loan. The
         provisions of this paragraph shall not apply to any loans made prior to
         the effective date of this amendment and restatement; provided,
         however, that a Participant may not apply for a new loan hereunder
         until all outstanding loans made to the Participant prior to the
         effective date of this amendment and restatement have been paid in
         full.

(d)      Maximum Period for Real Estate Loans: The term of any loan to a
         Participant that is used to acquire any dwelling unit which within a
         reasonable period of time is to be used (determined at the time the
         loan is made) as a principal residence of the Participant shall be no
         greater than ten years.

(e)      Pre-Payment Without Penalty: A Participant may pre-pay the balance of
         any loan hereunder prior to the date it is due without penalty.

                                       43
<PAGE>   52

(f)      Effect of Termination of Employment: Upon a Participant's termination
         of employment, the balance of any outstanding loan hereunder shall
         immediately become due and owing.

12.7 LOANS GRANTED PRIOR TO AMENDMENT

Notwithstanding any other provision of this Article to the contrary, any loan
made under the provisions of the Plan as in effect prior to this amendment and
restatement shall remain outstanding until repaid in accordance with its terms
or the otherwise applicable Plan provisions.

                                       44
<PAGE>   53
                                  ARTICLE XIII
                           WITHDRAWALS WHILE EMPLOYED

13.1 WITHDRAWALS OF ROLLOVER CONTRIBUTIONS

A Participant who is employed by an Employer or a Related Company and is
determined by the Administrator to have incurred a hardship as defined in this
Article may elect, subject to the limitations and conditions prescribed in this
Article, to make a cash withdrawal or, with respect to the portion of the
Participant's Participant Account that is subject to the qualified joint and
survivor annuity requirements of Article XVI, a withdrawal in the form of a
qualified joint and survivor annuity as provided in Article XVI from his
Rollover Contributions Sub-Account.

13.2 WITHDRAWALS OF EMPLOYER CONTRIBUTIONS

A Participant who is employed by an Employer or a Related Company and is
determined by the Administrator to have incurred a hardship as defined in this
Article may elect, subject to the limitations and conditions prescribed in this
Article to make a cash withdrawal or, with respect to the portion of the
Participant's Participant Account that is subject to the qualified joint and
survivor annuity requirements of Article XVI, a withdrawal in the form of a
qualified joint and survivor annuity as provided in Article XVI from his vested
interest in his Employer Contributions Sub-Account. Notwithstanding the
foregoing, in no event may a Participant withdraw that portion of his Employer
Contributions Sub-Account that is attributable to Employer Contributions that
may be taken into account to satisfy the limitations on contributions for Highly
Compensated Employees contained in Article VII prior to the Participant's
attainment of age 59 1/2. The maximum amount that a Participant may withdraw
pursuant to this Section shall be an amount ("X") determined by the following
formula:

        X = P(AB + D) - D

        For purposes of the formula:

        P =   The Participant's vested interest in his Employer
              Contributions Sub-Account on the date distribution is to be
              made; provided, however, that if the distribution is to be
              made prior to the Participant's attainment of age 59 1/2, his
              vested interest shall be determined without regard to his
              vested interest in that portion of his Employer Contributions
              Sub-Account that is attributable to Employer Contributions
              that may be taken into account to satisfy the limitations on
              contributions for Highly Compensated Employees contained in
              Article VII.

         AB = The balance of the Participant's Employer Contributions
              Sub-Account as of the Valuation Date immediately preceding the
              date distribution is to be made; provided, however, that if
              the distribution is to be made prior to the

                                       45
<PAGE>   54

              Participant's attainment of age 59 1/2, such balance shall exclude
              that portion of his Employer Contributions Sub-Account that is
              attributable to Employer Contributions that may be taken into
              account to satisfy the limitations on contributions for Highly
              Compensated Employees contained in Article VII.

         D =  The amount of all prior withdrawals from the Participant's
              Employer Contributions Sub-Account made pursuant to this Section.

13.3 WITHDRAWALS OF TAX-DEFERRED CONTRIBUTIONS

A Participant who is employed by an Employer or a Related Company and who is
determined by the Administrator to have incurred a hardship as defined in this
Article may elect, subject to the limitations and conditions prescribed in this
Article, to make a cash withdrawal or, with respect to the portion of the
Participant's Participant Account that is subject to the qualified joint and
survivor annuity requirements of Article XVI, a withdrawal in the form of a
qualified joint and survivor annuity as provided in Article XVI from his
Tax-Deferred Contributions Sub-Account. The maximum amount that a Participant
may withdraw pursuant to this Section because of a hardship is the balance of
his Tax-Deferred Contributions Sub-Account, exclusive of any earnings credited
to such Sub-Account as of a date that is after the last day of the last Plan
Year ending before July 1, 1989.

13.4 CONDITIONS AND LIMITATIONS ON HARDSHIP WITHDRAWALS

A Participant must file an application for a hardship withdrawal with the
Administrator such number of days prior to the date as of which it is to be
effective as the Administrator may prescribe. Hardship withdrawals may be made
effective as of the date or dates prescribed by the Administrator. If a
Participant's Participant Account is subject to the qualified joint and survivor
annuity provisions under Article XVI, the Participant's spouse must consent to
any withdrawal hereunder. The Administrator shall grant a hardship withdrawal
only if it determines that the withdrawal is necessary to meet an immediate and
heavy financial need of the Participant. An immediate and heavy financial need
of the Participant means a financial need on account of:

(a)      expenses previously incurred by or necessary to obtain for the
         Participant, the Participant's spouse, or any dependent of the
         Participant (as defined in Section 152 of the Code) medical care
         described in Section 213(d) of the Code;

(b)      costs directly related to the purchase (excluding mortgage payments) of
         a principal residence for the Participant;

(c)      payment of tuition, related educational fees, and room and board
         expenses for the next 12 months of post-secondary education for the
         Participant, the Participant's spouse, or any dependent of the
         Participant; or

                                       46
<PAGE>   55

(d)      the need to prevent the eviction of the Participant from his principal
         residence or foreclosure on the mortgage of the Participant's principal
         residence.

A withdrawal shall be deemed to be necessary to satisfy an immediate and heavy
financial need of a Participant only if all of the following requirements are
satisfied:

         The withdrawal is not in excess of the amount of the immediate and
         heavy financial need of the Participant.

         The Participant has obtained all distributions, other than hardship
         distributions, and all non-taxable loans currently available under all
         plans maintained by an Employer or any Related Company.

         The Participant's Tax-Deferred Contributions and the Participant's
         elective tax-deferred contributions and employee after-tax
         contributions under all other tax-qualified plans maintained by an
         Employer or any Related Company shall be suspended for at least twelve
         months after his receipt of the withdrawal.

         The Participant shall not make Tax-Deferred Contributions or elective
         tax-deferred contributions under any other tax-qualified plan
         maintained by an Employer or any Related Company for the Participant's
         taxable year immediately following the taxable year of the withdrawal
         in excess of the applicable limit under Section 402(g) of the Code for
         such next taxable year less the amount of the Participant's
         Tax-Deferred Contributions and elective tax-deferred contributions
         under any other plan maintained by an Employer or any Related Company
         for the taxable year of the withdrawal.

The amount of a hardship withdrawal may include any amounts necessary to pay any
Federal, state, or local income taxes or penalties reasonably anticipated to
result from the distribution. A Participant shall not fail to be treated as an
Eligible Employee for purposes of applying the limitations contained in Article
VII of the Plan merely because his Tax-Deferred Contributions are suspended in
accordance with this Section.

13.5 ORDER OF WITHDRAWAL FROM A PARTICIPANT'S SUB-ACCOUNTS

Distribution of a withdrawal amount shall be made from a Participant's
Sub-Accounts, to the extent necessary, in the order prescribed by the
Administrator, which order shall be uniform with respect to all Participants and
non-discriminatory. If the Sub-Account from which a Participant is receiving a
withdrawal is invested in more than one Investment Fund, the withdrawal shall be
charged against the Investment Funds as directed by the Administrator.

                                       47
<PAGE>   56
                                  ARTICLE XIV
                 TERMINATION OF EMPLOYMENT AND SETTLEMENT DATE

14.1 TERMINATION OF EMPLOYMENT AND SETTLEMENT DATE

A Participant's Settlement Date shall occur on the date he terminates employment
with an Employer and all Related Companies because of death, disability,
retirement, or other termination of employment. Written notice of a
Participant's Settlement Date shall be given by the Administrator to the
Trustee.

14.2 SEPARATE ACCOUNTING FOR NON-VESTED AMOUNTS

If as of a Participant's Settlement Date the Participant's vested interest in
his Employer Contributions Sub-Account is less than 100 percent, that portion
of his Employer Contributions Sub-Account that is not vested shall be accounted
for separately from the vested portion and shall be disposed of as provided in
the following Section. If prior to his Settlement Date such a Participant made a
withdrawal in accordance with the provisions of Article XIII, the vested portion
of his Employer Contributions Sub-Account shall be equal to the maximum
withdrawable amount as determined under Article XIII, without regard to any
exclusion for amounts attributable to Employer Contributions that may be taken
into account to satisfy the limitations on contributions for Highly Compensated
Employees contained in Article VII.

14.3 DISPOSITION OF NON-VESTED AMOUNTS

That portion of a Participant's Employer Contributions Sub-Account that is not
vested upon the occurrence of his Settlement Date shall be disposed of as
follows:

(a)      If the Participant has no vested interest in his Participant Account
         upon the occurrence of his Settlement Date or his vested interest in
         his Participant Account as of the date of distribution does not exceed
         $5,000 resulting in the Participant's receipt of a single sum payment
         of such vested interest, the non-vested balance remaining in the
         Participant's Employer Contributions Sub-Account will be forfeited and
         his Participant Account closed as of (i) the Participant's Settlement
         Date, if the Participant has no vested interest in his Participant
         Account, or (ii) the date the single sum payment occurs.

(b)      If the Participant's vested interest in his Participant Account exceeds
         $5,000 and the Participant is eligible for and consents in writing to a
         single sum payment of his vested interest in his Participant Account,
         the non-vested balance remaining in the Participant's Employer
         Contributions Sub-Account will be forfeited and his Participant Account
         closed as of the date the single sum payment occurs, provided that such
         distribution occurs prior to the end of the second Plan Year beginning
         on or after the Participant's Settlement Date.

                                       48
<PAGE>   57

(c)      If neither paragraph (a) nor paragraph (b) is applicable, the
         non-vested portion of the Participant's Employer Contributions
         Sub-Account will continue to be held in such Sub-Account and will not
         be forfeited until the date the Participant incurs five consecutive
         breaks in service.

Whenever the non-vested portion of a Participant's Employer Contributions
Sub-Account is forfeited under the provisions of the Plan with respect to a Plan
Year, the amount of such forfeiture, as of the last day of the Plan Year, shall
be applied first against Plan expenses for the Plan Year and then against the
Employer Contribution obligations for the Plan Year of the Employer for which
the Participant last performed services as an Employee. Notwithstanding the
foregoing, however, should the amount of all such forfeitures for any Plan Year
with respect to any Employer exceed the amount of such Employer's Employer
Contribution obligation for the Plan Year, the excess amount of such forfeitures
shall be held unallocated in a suspense account established with respect to the
Employer and shall for all Plan purposes be applied against the Employer's
Employer Contribution obligations for the following Plan Year.

14.4 RECREDITING OF FORFEITED AMOUNTS

A former Participant who forfeited the non-vested portion of his Employer
Contributions Sub-Account in accordance with the provisions of this Article and
who is reemployed by an Employer or a Related Company shall have such forfeited
amounts recredited to a new Participant Account in his name, without adjustment
for interim gains or losses experienced by the Trust, if:

(a)      he returns to employment with an Employer or a Related Company before
         he incurs five consecutive breaks in service commencing after the later
         of his Settlement Date or the date he received distribution of his
         vested interest in his Participant Account;

(b)      he resumes employment covered under the Plan before the earlier of (i)
         the end of the five-year period beginning on the date he is reemployed
         or (ii) the date he incurs five consecutive breaks in service
         commencing after the later of his Settlement Date or the date he
         received distribution of his vested interest in his Participant
         Account; and

(c)      if he received distribution of his vested interest in his Participant
         Account, he repays to the Plan the full amount of such distribution
         that is attributable to Employer Contributions before the earlier of
         (i) the end of the five-year period beginning on the date he is
         reemployed or (ii) the date he incurs five consecutive breaks in
         service commencing after the date he received distribution of his
         vested interest in his Participant Account.

Funds needed in any Plan Year to recredit the Participant Account of a
Participant with the amounts of prior forfeitures in accordance with the
preceding sentence shall come first from forfeitures that arise during such Plan
Year, and then from Trust income earned in such Plan

                                       49
<PAGE>   58

Year, with each Trust Fund being charged with the amount of such income
proportionately, unless his Employer chooses to make an additional Employer
Contribution, and shall finally be provided by his Employer by way of a separate
Employer Contribution.

                                       50
<PAGE>   59
                                   ARTICLE XV
                                 DISTRIBUTIONS

15.1 DISTRIBUTIONS TO PARTICIPANTS

A Participant whose Settlement Date occurs shall receive distribution of his
vested interest in his Participant Account in the form provided under Article
XVI beginning as soon as reasonably practicable following his Settlement Date or
the date his application for distribution is filed with the Administrator, if
later. In addition, a Participant who continues in employment with an Employer
or a Related Company after his Normal Retirement Date may elect to receive
distribution of all or any portion of his Participant Account in the form
provided under Article XVI at any time following his Normal Retirement Date.

15.2 DISTRIBUTIONS TO BENEFICIARIES

If a Participant dies prior to the date distribution of his vested interest in
his Participant Account begins under this Article, his Beneficiary shall receive
distribution of the Participant's vested interest in his Participant Account in
the form provided under Article XVI beginning as soon as reasonably practicable
following the date the Beneficiary's application for distribution is filed with
the Administrator. Unless distribution is to be made over the life or over a
period certain not greater than the life expectancy of the Beneficiary,
distribution of the Participant's entire vested interest shall be made to the
Beneficiary no later than the end of the fifth calendar year beginning after the
Participant's death. If distribution is to be made over the life or over a
period certain no greater than the life expectancy of the Beneficiary,
distribution shall commence no later than:

(a)      If the Beneficiary is not the Participant's spouse, the end of the
         first calendar year beginning after the Participant's death; or

(b)      If the Beneficiary is the Participant's spouse, the later of (i) the
         end of the first calendar year beginning after the Participant's death
         or (ii) the end of the calendar year in which the Participant would
         have attained age 70 1/2.

If distribution is to be made to a Participant's spouse, it shall be made
available within a reasonable period of time after the Participant's death that
is no less favorable than the period of time applicable to other distributions.
If a Participant dies after the date distribution of his vested interest in his
Participant Account begins under this Article, but before his entire vested
interest in his Participant Account is distributed, his Beneficiary shall
receive distribution of the remainder of the Participant's vested interest in
his Participant Account beginning as soon as reasonably practicable following
the Participant's date of death in a form that provides for distribution at
least as rapidly as under the form in which the Participant was receiving
distribution. Notwithstanding the provisions of this Section, distribution may
also be made to a

                                       51
<PAGE>   60

Participant's Beneficiary in accordance with a valid election made by the
Participant pursuant to Section 242(b)(2) of the Tax Equity and Fiscal
Responsibility Act of 1982.

15.3 CASH OUTS AND PARTICIPANT CONSENT

Notwithstanding any other provision of the Plan to the contrary, if a
Participant's vested interest in his Participant Account does not exceed $5,000,
distribution of such vested interest shall be made to the Participant in a
single sum payment as soon as reasonably practicable following his Settlement
Date. If a Participant's vested interest in his Participant Account is $0, he
shall be deemed to have received distribution of such vested interest as of his
Settlement Date. If a Participant's vested interest in his Participant Account
exceeds $5,000, distribution shall not commence to such Participant prior to his
Normal Retirement Date without the Participant's written consent and the written
consent of his spouse if the Participant's Participant Account is subject to the
qualified joint and survivor annuity provisions under Article XVI and payment is
not made through the purchase of a qualified joint and survivor annuity. If at
the time of a distribution or deemed distribution to a Participant from his
Participant Account, the Participant's vested interest in his Participant
Account exceeded $5,000, then for purposes of this Section, the Participant's
vested interest in his Participant Account on any subsequent date shall be
deemed to exceed $5,000.

15.4 REQUIRED COMMENCEMENT OF DISTRIBUTION

Notwithstanding any other provision of the Plan to the contrary, distribution of
a Participant's vested interest in his Participant Account shall commence to the
Participant no later than the earlier of:

(a)      unless the Participant elects a later date, 60 days after the close of
         the Plan Year in which (i) the Participant's Normal Retirement Date
         occurs, (ii) the 10th anniversary of the year in which he commenced
         participation in the Plan occurs, or (iii) his Settlement Date occurs,
         whichever is latest; or

(b)      the April 1 following the close of the calendar year in which he
         attains age 70 1/2, whether or not his Settlement Date has occurred,
         except that if a Participant attained age 70 1/2 prior to January 1,
         1988, and was not a five-percent owner (as defined in Section 416 of
         the Code) at any time during the five-Plan-Year period ending within
         the calendar year in which he attained age 70 1/2, distribution of such
         Participant's vested interest in his Participant Account shall commence
         no later than the April 1 following the close of the calendar year in
         which he attains age 70 1/2 or retires, whichever is later.

Distributions required to commence under this Section shall be made in the form
provided under Article XVI and in accordance with Section 401(a)(9) of the Code
and regulations issued thereunder, including the minimum distribution incidental
benefit requirements. Notwithstanding the provisions of this Section,
distribution may also be made to a Participant in

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<PAGE>   61

accordance with a valid election made by the Participant pursuant to Section
242(b)(2) of the Tax Equity and Fiscal Responsibility Act of 1982.

15.5 REEMPLOYMENT OF A PARTICIPANT

If a Participant whose Settlement Date has occurred is reemployed by an Employer
or a Related Company, he shall lose his right to any distribution or further
distributions from the Trust arising from his prior Settlement Date and his
interest in the Trust shall thereafter be treated in the same manner as that of
any other Participant whose Settlement Date has not occurred.

15.6 RESTRICTIONS ON ALIENATION

Except as provided in Section 401(a)(13) of the Code relating to qualified
domestic relations orders and Section 1.401(a)-13(b)(2) of Treasury regulations
relating to Federal tax levies and judgments, no benefit under the Plan at any
time shall be subject in any manner to anticipation, alienation, assignment
(either at law or in equity), encumbrance, garnishment, levy, execution, or
other legal or equitable process; and no person shall have power in any manner
to anticipate, transfer, assign (either at law or in equity), alienate or
subject to attachment, garnishment, levy, execution, or other legal or equitable
process, or in any way encumber his benefits under the Plan, or any part
thereof, and any attempt to do so shall be void.

15.7 FACILITY OF PAYMENT

If the Administrator finds that any individual to whom an amount is payable
hereunder is incapable of attending to his financial affairs because of any
mental or physical condition, including the infirmities of advanced age, such
amount (unless prior claim therefor shall have been made by a duly qualified
guardian or other legal representative) may, in the discretion of the
Administrator, be paid to another person for the use or benefit of the
individual found incapable of attending to his financial affairs or in
satisfaction of legal obligations incurred by or on behalf of such individual.
The Trustee shall make such payment only upon receipt of written instructions to
such effect from the Administrator. Any such payment shall be charged to the
Participant Account from which any such payment would otherwise have been paid
to the individual found incapable of attending to his financial affairs and
shall be a complete discharge of any liability therefor under the Plan.

15.8 INABILITY TO LOCATE PAYEE

If any benefit becomes payable to any person, or to the executor or
administrator of any deceased person, and if that person or his executor or
administrator does not present himself to the Administrator within a reasonable
period after the Administrator mails written notice of his eligibility to
receive a distribution hereunder to his last known address and makes such other
diligent effort to locate the person as the Administrator determines, that
benefit will be forfeited. However, if the payee later files a claim for that
benefit, the benefit will be restored.

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<PAGE>   62

15.9 DISTRIBUTION PURSUANT TO QUALIFIED DOMESTIC RELATIONS ORDERS

Notwithstanding any other provision of the Plan to the contrary, if a qualified
domestic relations order so provides, distribution may be made to an alternate
payee pursuant to a qualified domestic relations order, as defined in Section
414(p) of the Code, regardless of whether the Participant's Settlement Date has
occurred or whether the Participant is otherwise entitled to receive a
distribution under the Plan.

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<PAGE>   63

                                  ARTICLE XVI
                                FORM OF PAYMENT

16.1 DEFINITIONS

For purposes of this Article, the following terms have the following meanings:

(a)      A Participant's "annuity starting date" means the first day of the
         first period for which an amount is paid as an annuity or any other
         form.

(b)      The "automatic annuity form" means the form of annuity that will be
         purchased on behalf of a Participant who has elected the optional
         annuity form of payment unless the Participant elects another form of
         annuity.

(c)      A "qualified election" means an election that is made during the
         qualified election period. A qualified election of a form of payment
         other than a qualified joint and survivor annuity or designating a
         Beneficiary other than the Participant's spouse to receive amounts
         otherwise payable as a qualified preretirement survivor annuity must
         include the written consent of the Participant's spouse, if any. A
         Participant's spouse will be deemed to have given written consent to
         the Participant's election if the Participant establishes to the
         satisfaction of a Plan representative that spousal consent cannot be
         obtained because the spouse cannot be located or because of other
         circumstances set forth in Section 401(a)(11) of the Code and
         regulations issued thereunder. The spouse's written consent must
         acknowledge the effect of the Participant's election and must be
         witnessed by a Plan representative or a notary public. In addition, the
         spouse's written consent must either (i) specify the form of payment
         selected instead of a joint and survivor annuity, if applicable, and
         that such form may not be changed (except to a qualified joint and
         survivor annuity) without written spousal consent and specify any
         non-spouse Beneficiary designated by the Participant, if applicable,
         and that such Beneficiary may not be changed without written spousal
         consent or (ii) acknowledge that the spouse has the right to limit
         consent as provided in clause (i), but permit the Participant to change
         the form of payment selected or the designated Beneficiary without the
         spouse's further consent. Any written consent given or deemed to have
         been given by a Participant's spouse hereunder shall be irrevocable and
         shall be effective only with respect to such spouse and not with
         respect to any subsequent spouse.

(d)      The "qualified election period" with respect to the automatic annuity
         form means the 90 day period ending on a Participant's annuity starting
         date. The "qualified election period" with respect to a qualified
         preretirement survivor annuity means the period beginning on the later
         of (i) the date he elects an annuity form of payment or (ii) the first
         day of the Plan Year in which the Participant attains age 35 or, if he
         terminates employment prior to such date, the day he terminates
         employment with his Employer

                                       55
<PAGE>   64

         and all Related Companies. A Participant whose employment has not
         terminated may make a qualified election designating a Beneficiary
         other than his spouse prior to the Plan Year in which he attains age
         35; provided, however, that such election shall cease to be effective
         as of the first day of the Plan Year in which the Participant attains
         age 35.

(e)      A "qualified joint and survivor annuity" means an immediate annuity
         payable at earliest retirement age under the Plan, as defined in
         regulations issued under Section 401(a)(11) of the Code, for the life
         of a Participant with a survivor annuity payable for the life of the
         Participant's spouse that is equal to at least 50 percent of the amount
         of the annuity payable during the joint lives of the Participant and
         his spouse, provided that the survivor annuity shall not be payable to
         a Participant's spouse if such spouse is not the same spouse to whom
         the Participant was married on his annuity starting date.

(f)      A "qualified preretirement survivor annuity" means an annuity payable
         to the surviving spouse of a Participant in accordance with the
         provisions of Section 16.6.

(g)      A "single life annuity" means an annuity payable for the life of the
         Participant.

16.2 NORMAL FORM OF PAYMENT

Except as otherwise provided in Section 16.6, unless a Participant, or his
Beneficiary, if the Participant has died, elects one of the optional forms of
payment, distribution shall be made to the Participant, or his Beneficiary, as
the case may be, in a single sum payment. Distribution of the fair market value
of the Participant's Participant Account shall be made in cash or in kind, as
elected by the Participant.

16.3 OPTIONAL FORMS OF PAYMENT

A Participant, or his Beneficiary, as the case may be, may elect to receive
distribution of all or a portion of his Participant Account in one of the
following optional forms of payment:

(a)      Installment Payments - Distribution shall be made in a series of
         installments over a period not exceeding the life expectancy of the
         Participant, or the Participant's Beneficiary, if the Participant has
         died, or a period not exceeding the joint life and last survivor
         expectancy of the Participant and his Beneficiary. Each installment
         shall be equal in amount except as necessary to adjust for any changes
         in the value of the Participant's Participant Account, unless the
         Participant elects a more rapid distribution schedule following the
         later of (i) the end of the five year period following the first
         installment distribution or (ii) attainment of age 59 1/2. The
         determination of life expectancies shall be made on the basis of the
         expected return multiples in Tables V and VI of Section 1.72-9 of the
         Treasury regulations and shall be calculated either once at the time
         installment payments begin or annually for the Participant and/or his
         Beneficiary, if his Beneficiary is his spouse, as determined by

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<PAGE>   65

         the Participant at the time installment payments begin. Distribution of
         the fair market value of the Participant's Participant Account shall be
         made in cash or in kind, as elected by the Participant. Installments
         may be made directly from the Plan or through the purchase of a
         contract from an insurance company, or by the exercise of an option
         under an insurance policy held by the Trust, that provides for payment
         in installments for a fixed number of years.

(b)      Annuity Contract - Available only to the portion of a Participant's
         Participant Account that is attributable to assets transferred to the
         Plan from the Harco Technologies Corporation Employees' Retirement and
         Savings Plan and the Harco Technologies Corporation Profit-Sharing Plan
         - Distribution shall be made through the purchase of a single premium,
         nontransferable annuity contract for such term and in such form as the
         Participant, or his Beneficiary, if the Participant has died, shall
         select, subject to the provisions of Section 16.5; provided, however,
         that a Participant's Beneficiary may not elect to receive distribution
         of an annuity payable over the joint lives of the Beneficiary and any
         other individual. The terms of any annuity contract purchased hereunder
         and distributed to a Participant or his Beneficiary shall comply with
         the requirements of the Plan.

16.4 CHANGE OF OPTION ELECTION

Subject to the provisions of Section 16.5, a Participant or Beneficiary who has
elected an optional form of payment may revoke or change his election at any
time prior to his annuity starting date by filing with the Administrator a
written election in the form prescribed by the Administrator.

16.5 FORM OF ANNUITY REQUIREMENTS

If a Participant's Participant Account includes assets transferred to the Plan
from a plan that is subject to the requirements of Sections 401(a)(11) and 417
of the Code, and the Participant elects to receive distribution of those assets
through the purchase of an annuity contract that provides payment over his life,
distribution shall be made to such Participant through the purchase of an
annuity contract that provides for payment in one of the following automatic
annuity forms, unless the Participant elects a different type of annuity:

(a)      The automatic annuity form for a Participant who is married on his
         annuity starting date is the 50 percent qualified joint and survivor
         annuity.

(b)      The automatic annuity form for a Participant who is not married on his
         annuity starting date is the single life annuity.

A Participant's election of an annuity other than the automatic annuity form
shall not be effective unless it is a qualified election; provided, however,
that spousal consent shall not be required if the form of annuity elected by the
Participant is a qualified joint and survivor annuity. A

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<PAGE>   66

Participant who has elected the optional annuity form of payment can revoke or
change his election only pursuant to a qualified election.

16.6 QUALIFIED PRERETIREMENT SURVIVOR ANNUITY REQUIREMENTS

If a Participant's Participant Account includes assets transferred to the Plan
from a plan that is subject to the requirements of Sections 401(a)(11) and 417
of the Code, and the married Participant elects to receive distribution of those
assets through the purchase of an annuity contract that provides payment over
his life and dies before his annuity starting date, his spouse shall receive
distribution of 50% of the value of the Participant's vested interest in his
Participant Account through the purchase of an annuity contract that provides
for payment over the life of the Participant's spouse. A Participant's spouse
may elect to receive distribution under any one of the other forms of payment
available under this Article instead of in the qualified preretirement survivor
annuity form. If a married Participant's Beneficiary designation on file with
the Administrator pursuant to Article XVII designates a non-spouse Beneficiary,
the designation shall become inoperative upon the Participant's election to
receive distribution through the purchase of an annuity contract, unless the
Participant files a new designation of Beneficiary form with the Administrator.
A Participant can only designate a non-spouse Beneficiary to receive
distribution of that portion of his Participant Account otherwise payable as a
qualified preretirement survivor annuity pursuant to a qualified election.

16.7 DIRECT ROLLOVER

Notwithstanding any other provision of the Plan to the contrary, in lieu of
receiving distribution in the form of payment provided under this Article, a
"qualified distributee" may elect in writing, in accordance with rules
prescribed by the Administrator, to have any portion or all of a distribution
made on or after January 1, 1993, that is an "eligible rollover distribution"
paid directly by the Plan to the "eligible retirement plan" designated by the
"qualified distributee"; provided, however, that this provision shall not apply
if the total distribution is less than $200 and that a "qualified distributee"
may not elect this provision with respect to a portion of a distribution that is
less than $500. Any such payment by the Plan to another "eligible retirement
plan" shall be a direct rollover and shall be made only after all applicable
consent requirements are satisfied. For purposes of this Section, the following
terms have the following meanings:

(a)      An "eligible retirement plan" means an individual retirement account
         described in Section 408(a) of the Code, an individual retirement
         annuity described in Section 408(b) of the Code, an annuity plan
         described in Section 403(a) of the Code, or a qualified trust described
         in Section 401(a) of the Code that accepts rollovers; provided,
         however, that, in the case of a direct rollover by a surviving spouse,
         an eligible retirement plan does not include a qualified trust
         described in Section 401(a) of the Code.

(b)      An "eligible rollover distribution" means any distribution of all or
         any portion of the balance of a Participant's Participant Account;
         provided, however, that an eligible

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<PAGE>   67

         rollover distribution does not include: any distribution that is one of
         a series of substantially equal periodic payments made not less
         frequently than annually for the life or life expectancy of the
         qualified distributee or the joint lives or joint life expectancies of
         the qualified distributee and the qualified distributee's designated
         beneficiary, or for a specified period of ten years or more; and any
         distribution to the extent such distribution is required under Section
         401(a)(9) of the Code.

(c)      A "qualified distributee" means a Participant, his surviving spouse, or
         his spouse or former spouse who is an alternate payee under a qualified
         domestic relations order, as defined in Section 414(p) of the Code.

16.8 NOTICE REGARDING FORMS OF PAYMENT

Within the 60 day period ending 30 days before a Participant's annuity starting
date, the Administrator shall provide him with a written explanation of his
right to defer distribution until his Normal Retirement Date, or such later date
as may be provided in the Plan, his right to make a direct rollover, and the
forms of payment available under the Plan, including a written explanation of
(i) the terms and conditions of the automatic annuity form applicable if the
Participant elects to receive distribution through the purchase of an annuity
contract, (ii) the Participant's right to choose a form of payment other than
the automatic annuity form or to revoke such choice, and (iii) the rights of the
Participant's spouse. Notwithstanding the foregoing, distribution of the
Participant's Participant Account may commence less than 30 days after such
notice is provided to the Participant if (i) the Administrator clearly informs
the Participant of his right to consider his election of whether or not to make
a direct rollover or to receive a distribution prior to his Normal Retirement
Date and his election of a form of payment for a period of at least 30 days
following his receipt of the notice, (ii) the Participant, after receiving the
notice, affirmatively elects an early distribution with his spouse's written
consent, if necessary, (iii) the Participant's annuity starting date is a date
after the date the notice is provided to him, (iv) the Participant may revoke
his election at any time prior to the later of his annuity starting date or the
expiration of the seven-day period beginning the day after the date the notice
is provided to him, and (v) distribution does not commence to the Participant
before such revocation period ends.

In addition, the Administrator shall provide such a Participant with a written
explanation of (i) the terms and conditions of the qualified preretirement
survivor annuity, (ii) the Participant's right to designate a non-spouse
Beneficiary to receive distribution of that portion of his Participant Account
otherwise payable as a qualified preretirement survivor annuity or to revoke
such designation, and (iii) the rights of the Participant's spouse. The
Administrator shall provide such explanation within one of the following
periods, whichever ends last:

(a)      the period beginning with the first day of the Plan Year in which the
         Participant attains age 32 and ending on the last day of the Plan Year
         preceding the Plan Year in which the Participant attains age 35;

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<PAGE>   68

(b)      the period beginning 12 calendar months before the date an individual
         becomes a Participant and ending 12 calendar months after such date; or

(c)      the period beginning 12 calendar months before the date the Participant
         elects to receive distribution through the purchase of an annuity
         contract and ending 12 calendar months after such date;

provided, however, that in the case of a Participant who separates from service
prior to attaining age 35, the explanation shall be provided to such Participant
within the period beginning 12 calendar months before the Participant's
separation from service and ending 12 calendar months after his separation from
service.

16.9 REEMPLOYMENT

If a Participant is reemployed by an Employer or a Related Company prior to
receiving distribution of the entire balance of his vested interest in his
Participant Account, his prior election of a form of payment hereunder shall
become ineffective. Notwithstanding the foregoing, if a Participant had elected
to receive distribution through the purchase of an annuity contract, the
requirements of Sections 16.5 and 16.6 of the Plan shall continue in effect with
respect to his entire Participant Account.

16.10 DISTRIBUTION IN THE FORM OF EMPLOYER STOCK

Notwithstanding any other provision of the Plan to the contrary, a Participant
may elect to receive distribution of the fair market value of his Participant
Account in the form of Employer stock to the extent invested therein.

16.11 SECTION 242(b)(2) ELECTIONS

Notwithstanding any other provisions of this Article and subject to the
requirements of Sections 16.5 and 16.6, distribution on behalf of a Participant,
including a five-percent owner, may be made pursuant to an election under
Section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act of 1982 and in
accordance with all of the following requirements:

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

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

(c)      Such election was in writing, was signed by the Participant or the
         Beneficiary, and was made before January 1, 1984.

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<PAGE>   69

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

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

A distribution upon death shall not be made under this Section unless the
information in the election contains the required information described above
with respect to the distributions to be made upon the death of the Participant.
For any distribution which commences before January 1, 1984, but continues after
December 31, 1983, the Participant or the Beneficiary to whom such distribution
is being made will be presumed to have designated the method of distribution
under which the distribution is being made, if this method of distribution was
specified in writing and the distribution satisfies the requirements in
paragraphs (a) and (e) of this Section. If an election is revoked, any
subsequent distribution will be in accordance with the other provisions of the
Plan. Any changes in the election will be considered to be a revocation of the
election. However, the mere substitution or addition of another Beneficiary (one
not designated as a Beneficiary in the election), under the election will not be
considered to be a revocation of the election, so long as such substitution or
addition does not alter the period over which distributions are to be made under
the election directly, or indirectly (for example, by altering the relevant
measuring life).

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<PAGE>   70
                                  ARTICLE XVII
                                 BENEFICIARIES

17.1 DESIGNATION OF BENEFICIARY

A married Participant's Beneficiary shall be his spouse, unless the Participant
designates a person or persons other than his spouse as Beneficiary with his
spouse's written consent; provided, however, that such written spousal consent
shall not be required if the Participant is not married to such spouse on the
date as of which distribution of the Participant's Participant Account
commences. A Participant may designate a Beneficiary on the form prescribed by
the Administrator. If no Beneficiary has been designated pursuant to the
provisions of this Section, or if no Beneficiary survives the Participant and
he has no surviving spouse, then the Beneficiary under the Plan shall be the
deceased Participant's surviving children in equal shares or, if there are no
surviving children, the Participant's estate. If a Beneficiary dies after
becoming entitled to receive a distribution under the Plan but before
distribution is made to him in full, and if no other Beneficiary has been
designated to receive the balance of the distribution in that event, the estate
of the deceased Beneficiary shall be the Beneficiary as to the balance of the
distribution. If a Participant's Participant Account includes assets transferred
to the Plan from a plan that is subject to the requirements of Sections
401(a)(11) and 417 of the Code, a Participant's designation of a Beneficiary
with respect to such assets shall be subject to the qualified preretirement
survivor annuity provisions of Article XVI.

17.2 SPOUSAL CONSENT REQUIREMENTS

Any written spousal consent given pursuant to this Article must acknowledge the
effect of the action taken and must be witnessed by a Plan representative or a
notary public. In addition, the spouse's written consent must either (i) specify
any non-spouse Beneficiary designated by the Participant and that such
Beneficiary may not be changed without written spousal consent or (ii)
acknowledge that the spouse has the right to limit consent to a specific
Beneficiary, but permit the Participant to change the designated Beneficiary
without the spouse's further consent. A Participant's spouse will be deemed to
have given written consent to the Participant's designation of Beneficiary if
the Participant establishes to the satisfaction of a Plan representative that
such consent cannot be obtained because the spouse cannot be located or because
of other circumstances set forth in Section 401(a)(11) of the Code and
regulations issued thereunder. Any written consent given or deemed to have been
given by a Participant's spouse hereunder shall be valid only with respect to
the spouse who signs the consent.

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<PAGE>   71
                                 ARTICLE XVIII
                                 ADMINISTRATION

18.1 AUTHORITY OF THE SPONSOR

The Sponsor, which shall be the administrator for purposes of ERISA and the plan
administrator for purposes of the Code, shall be responsible for the
administration of the Plan and, in addition to the powers and authorities
expressly conferred upon it in the Plan, shall have all such powers and
authorities as may be necessary to carry out the provisions of the Plan,
including the power and authority to interpret and construe the provisions of
the Plan, to make benefit determinations, and to resolve any disputes which
arise under the Plan. The Sponsor may employ such attorneys, agents, and
accountants as it may deem necessary or advisable to assist in carrying out its
duties hereunder. The Sponsor shall be a "named fiduciary" as that term is
defined in Section 402(a)(2) of ERISA. The Sponsor may:

(a)      allocate any of the powers, authority, or responsibilities for the
         operation and administration of the Plan (other than trustee
         responsibilities as defined in Section 405(c)(3) of ERISA) among named
         fiduciaries: and

(b)      designate a person or persons other than a named fiduciary to carry out
         any of such powers, authority, or responsibilities;

except that no allocation by the Sponsor of, or designation by the Sponsor with
respect to, any of such powers, authority, or responsibilities to another named
fiduciary or a person other than a named fiduciary shall become effective unless
such allocation or designation shall first be accepted by such named fiduciary
or other person in a writing signed by it and delivered to the Sponsor.

18.2     Action of the Sponsor

Any act authorized, permitted, or required to be taken under the Plan by the
Sponsor and which has not been delegated in accordance with Section 18.1, may be
taken by a majority of the members of the board of directors (or designated
committee thereof) of the Sponsor, either by vote at a meeting, or in writing
without a meeting, or by the employee or employees of the Sponsor designated by
the board of directors to carry out such acts on behalf of the Sponsor. All
notices, advice, directions, certifications, approvals, and instructions
required or authorized to be given by the Sponsor as under the Plan shall be in
writing and signed by either (i) a majority of the members of the board of
directors (or designated committee thereof) of the Sponsor or by such member or
members as may be designated by an instrument in writing, signed by all the
members thereof, as having authority to execute such documents on its behalf,
or (ii) the employee or employees authorized to act for the Sponsor in
accordance with the provisions of this Section, or (iii) officers of the
Employer.

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18.3 CLAIMS REVIEW PROCEDURE

Whenever a claim for benefits under the Plan filed by any person (herein
referred to as the "Claimant") is denied, whether in whole or in part, the
Sponsor shall transmit a written notice of such decision to the Claimant within
90 days of the date the claim was filed or, if special circumstances require an
extension, within 180 days of such date, which notice shall be written in a
manner calculated to be understood by the Claimant and shall contain a statement
of (i) the specific reasons for the denial of the claim, (ii) specific reference
to pertinent Plan provisions on which the denial is based, and (iii) a
description of any additional material or information necessary for the Claimant
to perfect the claim and an explanation of why such information is necessary.
The notice shall also include a statement advising the Claimant that, within 60
days of the date on which he receives such notice, he may obtain review of such
decision in accordance with the procedures hereinafter set forth. Within such
60-day period, the Claimant or his authorized representative may request that
the claim denial be reviewed by filing with the Sponsor a written request
therefor, which request shall contain the following information:

(a)      the date on which the Claimant's request was filed with the Sponsor;
         provided, however, that the date on which the Claimant's request for
         review was in fact filed with the Sponsor shall control in the event
         that the date of the actual filing is later than the date stated by the
         Claimant pursuant to this paragraph;

(b)      the specific portions of the denial of his claim which the Claimant
         requests the Sponsor to review;

(c)      a statement by the Claimant setting forth the basis upon which he
         believes the Sponsor should reverse the previous denial of his claim
         for benefits and accept his claim as made; and

(d)      any written material (offered as exhibits) which the Claimant desires
         the Sponsor to examine in its consideration of his position as stated
         pursuant to paragraph (c) of this Section.

Within 60 days of the date determined pursuant to paragraph (a) of this Section
or, if special circumstances require an extension, within 120 days of such date,
the Sponsor shall conduct a full and fair review of the decision denying the
Claimant's claim for benefits and shall render its written decision on review to
the Claimant. The Sponsor's decision on review shall be written in a manner
calculated to be understood by the Claimant and shall specify the reasons and
Plan provisions upon which the Sponsor's decision was based.

18.4 QUALIFIED DOMESTIC RELATIONS ORDERS

The Sponsor shall establish reasonable procedures to determine the status of
domestic relations orders and to administer distributions under domestic
relations orders which are deemed to be

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<PAGE>   73

qualified orders. Such procedures shall be in writing and shall comply with the
provisions of Section 414(p) of the Code and regulations issued thereunder.

18.5 INDEMNIFICATION

In addition to whatever rights of indemnification the Trustee or the members of
the board of directors of the Sponsor or any employee or employees of the
Sponsor to whom any power, authority, or responsibility is delegated pursuant to
Section 18.2, may be entitled under the articles of incorporation or regulations
of the Sponsor, under any provision of law, or under any other agreement, the
Sponsor shall satisfy any liability actually and reasonably incurred by any such
person or persons, including expenses, attorneys' fees, judgments, fines, and
amounts paid in settlement (other than amounts paid in settlement not approved
by the Sponsor), in connection with any threatened, pending or completed action,
suit, or proceeding which is related to the exercising or failure to exercise by
such person or persons of any of the powers, authority, responsibilities, or
discretion as provided under the Plan, or reasonably believed by such person or
persons to be provided hereunder, and any action taken by such person or persons
in connection therewith, unless the same is judicially determined to be the
result of such person or persons' gross negligence or willful misconduct.

18.6 ACTIONS BINDING

Subject to the provisions of Section 18.3, any action taken by the Sponsor which
is authorized, permitted, or required under the Plan shall be final and binding
upon the Employers, the Trustee, all persons who have or who claim an interest
under the Plan, and all third parties dealing with the Employers or the Trustee.

                                       65
<PAGE>   74

                                  ARTICLE XIX
                           AMENDMENT AND TERMINATION

19.1 AMENDMENT

Subject to the provisions of Section 19.2, the Sponsor may at any time and from
time to time, by action of its board of directors, or such officers of the
Sponsor as are authorized by its board of directors, amend the Plan, either
prospectively or retroactively. Any such amendment shall be by written
instrument executed by the Sponsor.

19.2 LIMITATION ON AMENDMENT

The Sponsor shall make no amendment to the Plan which shall decrease the accrued
benefit of any Participant or Beneficiary, except that nothing contained herein
shall restrict the right to amend the provisions of the Plan relating to the
administration of the Plan and Trust. Moreover, no such amendment shall be made
hereunder which shall permit any part of the Trust to revert to an Employer or
any Related Company or be used or be diverted to purposes other than the
exclusive benefit of Participants and Beneficiaries.

19.3 TERMINATION

The Sponsor reserves the right, by action of its board of directors, to
terminate the Plan as to all Employers at any time (the effective date of such
termination being hereinafter referred to as the "termination date"). Upon any
such termination of the Plan, the following actions shall be taken for the
benefit of Participants and Beneficiaries:

(a)      As of the termination date, each Investment Fund shall be valued and
         all Participant Accounts and Sub-Accounts shall be adjusted in the
         manner provided in Article XI, with any unallocated contributions or
         forfeitures being allocated as of the termination date in the manner
         otherwise provided in the Plan. The termination date shall become a
         Valuation Date for purposes of Article XI. In determining the net worth
         of the Trust, there shall be included as a liability such amounts as
         shall be necessary to pay all expenses in connection with the
         termination of the Trust and the liquidation and distribution of the
         property of the Trust, as well as other expenses, whether or not
         accrued, and shall include as an asset all accrued income.

(b)      All Participant Accounts shall then be disposed of to or for the
         benefit of each Participant or Beneficiary in accordance with the
         provisions of Article XV as if the termination date were his Settlement
         Date; provided, however, that notwithstanding the provisions of Article
         XV, if the Plan does not offer an annuity option and if neither his
         Employer nor a Related Company establishes or maintains another defined
         contribution plan (other than an employee stock ownership plan as
         defined in Section 4975(e)(7) of the Code), the Participant's written
         consent to the commencement of

                                       66
<PAGE>   75

         distribution shall not be required regardless of the value of the
         vested portions of his Participant Account.

(c)      Notwithstanding the provisions of paragraph (b) of this Section, no
         distribution shall be made to a Participant of any portion of the
         balance of his Tax-Deferred Contributions Sub-Account prior to his
         separation from service (other than a distribution made in accordance
         with Article XIII or required in accordance with Section 401(a)(9) of
         the Code) unless (i) neither his Employer nor a Related Company
         establishes or maintains another defined contribution plan (other than
         an employee stock ownership plan as defined in Section 4975(e)(7) of
         the Code, a tax credit employee stock ownership plan as defined in
         Section 409 of the Code, or a simplified employee pension as defined in
         Section 408(k) of the Code) either at the time the Plan is terminated
         or at any time during the period ending 12 months after distribution of
         all assets from the Plan; provided, however, that this provision shall
         not apply if fewer than two percent of the Eligible Employees under the
         Plan were eligible to participate at any time in such other defined
         contribution plan during the 24-month period beginning 12 months before
         the Plan termination, and (ii) the distribution the Participant
         receives is a "lump sum distribution" as defined in Section 402(e)(4)
         of the Code, without regard to clauses (i), (ii), (iii), and (iv) of
         sub-paragraph (A), sub-paragraph (B), or sub-paragraph (H) thereof.

Notwithstanding anything to the contrary contained in the Plan, upon any such
Plan termination, the vested interest of each Participant and Beneficiary in his
Employer Contributions Sub-Account shall be 100 percent; and, if there is a
partial termination of the Plan, the vested interest of each Participant and
Beneficiary who is affected by the partial termination in his Employer
Contributions Sub-Account shall be 100 percent. For purposes of the preceding
sentence only, the Plan shall be deemed to terminate automatically if there
shall be a complete discontinuance of contributions hereunder by all Employers.

19.4 REORGANIZATION

The merger, consolidation, or liquidation of any Employer with or into any other
Employer or a Related Company shall not constitute a termination of the Plan as
to such Employer. If an Employer disposes of substantially all of the assets
used by the Employer in a trade or business or disposes of a subsidiary and in
connection therewith one or more Participants terminates employment but
continues in employment with the purchaser of the assets or with such
subsidiary, no distribution from the Plan shall be made to any such Participant
prior to his separation from service (other than a distribution made in
accordance with Article XIII or required in accordance with Section 401(a)(9) of
the Code), except that a distribution shall be permitted to be made in such a
case, subject to the Participant's consent (to the extent required by law), if
(i) the distribution would constitute a "lump sum distribution" as defined in
section 402(e)(4) of the Code, without regard to clauses (i), (ii), (iii), or
(iv) of sub-paragraph (A), sub-paragraph (B), or sub-paragraph (H) thereof, (ii)
the Employer continues to maintain the Plan after the disposition, (iii) the
purchaser does not maintain the Plan after the disposition, and

                                       67
<PAGE>   76

(iv) the distribution is made by the end of the second calendar year after the
calendar year in which the disposition occurred.

19.5 WITHDRAWAL OF AN EMPLOYER

An Employer other than the Sponsor may withdraw from the Plan at any time upon
notice in writing to the Administrator (the effective date of such withdrawal
being hereinafter referred to as the "withdrawal date"), and shall thereupon
cease to be an Employer for all purposes of the Plan. An Employer shall be
deemed automatically to withdraw from the Plan in the event of its complete
discontinuance of contributions, or, subject to Section 19.4 and unless the
Sponsor otherwise directs, it ceases to be a Related Company of the Sponsor or
any other Employer. Upon the withdrawal of an Employer, the withdrawing Employer
shall determine whether a partial termination has occurred with respect to its
Employees. In the event that the withdrawing Employer determines a partial
termination has occurred, the action specified in Section 19.3 shall be taken as
of the withdrawal date, as on a termination of the Plan, but with respect only
to Participants who are employed solely by the withdrawing Employer, and who,
upon such withdrawal, are neither transferred to nor continued in employment
with any other Employer or a Related Company. The interest of any Participant
employed by the withdrawing Employer who is transferred to or continues in
employment with any other Employer or a Related Company, and the interest of any
Participant employed solely by an Employer or a Related Company other than the
withdrawing Employer, shall remain unaffected by such withdrawal; no adjustment
to his Participant Accounts shall be made by reason of the withdrawal; and he
shall continue as a Participant hereunder subject to the remaining provisions of
the Plan.

                                       68
<PAGE>   77
                                   ARTICLE XX
                           ADOPTION BY OTHER ENTITIES

20.1 ADOPTION BY RELATED COMPANIES

A Related Company that is not an Employer may, with the consent of the Sponsor,
adopt the Plan and become an Employer hereunder by causing an appropriate
written instrument evidencing such adoption to be executed in accordance with
the requirements of its organizational authority. Any such instrument shall
specify the effective date of the adoption. If a Related Company is a 100
percent owned subsidiary (directly or indirectly), the Plan Sponsor shall be
deemed to have consented to its adoption of the Plan.

20.2 EFFECTIVE PLAN PROVISIONS

An Employer who adopts the Plan shall be bound by the provisions of the Plan in
effect at the time of the adoption and as subsequently in effect because of any
amendment to the Plan.

                                       69
<PAGE>   78

                                  ARTICLE XXI
                            MISCELLANEOUS PROVISIONS

21.1 NO COMMITMENT AS TO EMPLOYMENT

Nothing contained herein shall be construed as a commitment or agreement upon
the part of any person to continue his employment with an Employer or Related
Company, or as a commitment on the part of any Employer or Related Company to
continue the employment, compensation, or benefits of any person for any period.

21.2 BENEFITS

Nothing in the Plan nor the Trust Agreement shall be construed to confer any
right or claim upon any person, firm, or corporation other than the Employers,
the Trustee, Participants, and Beneficiaries.

21.3 NO GUARANTEES

The Employers, the Administrator, and the Trustee do not guarantee the Trust
from loss or depreciation, nor do they guarantee the payment of any amount which
may become due to any person hereunder.

21.4 EXPENSES

The expenses of administration of the Plan, including the expenses of the
Administrator and fees of the Trustee, shall be paid from the Trust as a general
charge thereon, unless the Sponsor elects to make payment. Notwithstanding the
foregoing, the Sponsor may direct that administrative expenses that are
allocable to the Participant Account of a specific Participant shall be paid
from that Participant Account and the costs incident to the management of the
assets of an Investment Fund or to the purchase or sale of securities held in an
Investment Fund shall be paid by the Trustee from such Investment Fund.

21.5 PRECEDENT

Except as otherwise specifically provided, no action taken in accordance with
the Plan shall he construed or relied upon as a precedent for similar action
under similar circumstances.

21.6 DUTY TO FURNISH INFORMATION

The Employers, the Administrator, and the Trustee shall furnish to any of the
others any documents, reports, returns, statements, or other information that
the other reasonably deems necessary to perform its duties hereunder or
otherwise imposed by law.

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<PAGE>   79

21.7 WITHHOLDING

The Trustee shall withhold any tax which by any present or future law is
required to be withheld, and which the Administrator notifies the Trustee in
writing is to be so withheld, from any payment to any Participant or Beneficiary
hereunder.

21.8 MERGER, CONSOLIDATION, OR TRANSFER OF PLAN ASSETS

The Plan shall not be merged or consolidated with any other plan, nor shall any
of its assets or liabilities be transferred to another plan, unless, immediately
after such merger, consolidation, or transfer of assets or liabilities, each
Participant in the Plan would receive a benefit under the Plan which is at least
equal to the benefit he would have received immediately prior to such merger,
consolidation, or transfer of assets or liabilities (assuming in each instance
that the Plan had then terminated).

21.9 BACK PAY AWARDS

The provisions of this Section shall apply only to an Employee or former
Employee who becomes entitled to back pay by an award or agreement of an
Employer without regard to mitigation of damages. If a person to whom this
Section applies was or would have become an Eligible Employee after such back
pay award or agreement has been effected, and if any such person who had not
previously elected to make Tax-Deferred Contributions pursuant to Section 4.1
shall within 30 days of the date he receives notice of the provisions of this
Section make an election to make Tax-Deferred Contributions in accordance with
such Section 4.1 (retroactive to any Enrollment Date as of which he was or has
become eligible to do so), then such Participant may elect that any Tax-Deferred
Contributions not previously made on his behalf but which, after application of
the foregoing provisions of this Section, would have been made under the
provisions of Article IV, shall be made out of the proceeds of such back pay
award or agreement. In addition, if any such Employee or former Employee would
have been eligible to participate in the allocation of Employer Contributions
under the provisions of Article VI for any prior Plan Year after such back pay
award or agreement has been effected, his Employer shall make an Employer
Contribution equal to the amount of the Employer Contribution which would have
been allocated to such Participant under the provisions of Article VI as in
effect during each such Plan Year. The amounts of such additional contributions
shall be credited to the Participant Account of such Participant. Any additional
contributions made by such Participant and by an Employer pursuant to this
Section shall be made in accordance with, and subject to the limitations of the
applicable provisions of Articles IV, VI, and VII.

21.10 CONDITION ON EMPLOYER CONTRIBUTIONS

Notwithstanding anything to the contrary contained in the Plan or the Trust
Agreement, any contribution of an Employer hereunder is conditioned upon the
continued qualification of the Plan under Section 401(a) of the Code, the exempt
status of the Trust under Section 501(a) of the Code, and the deductibility of
the contribution under Section 404 of the Code. Except as

                                       71
<PAGE>   80

otherwise provided in this Section and Section 21.11, however, in no event shall
any portion of the property of the Trust ever revert to or otherwise inure to
the benefit of an Employer or any Related Company.

21.11 RETURN OF CONTRIBUTIONS TO AN EMPLOYER

Notwithstanding any other provision of the Plan or the Trust Agreement to the
contrary, in the event any contribution of an Employer made hereunder:

(a)      is made under a mistake of fact, or

(b)      is disallowed as a deduction under Section 404 of the Code,

such contribution may be returned to the Employer within one year after the
payment of the contribution or the disallowance of the deduction to the extent
disallowed, whichever is applicable. In the event the Plan does not initially
qualify under Section 401(a) of the Code, any contribution of an Employer made
hereunder may be returned to the Employer within one year of the date of denial
of the initial qualification of the Plan, but only if an application for
determination was made within the period of time prescribed under Section
403(c)(2)(B) of ERISA.

21.12 VALIDITY OF PLAN

The validity of the Plan shall be determined and the Plan shall be construed and
interpreted in accordance with the laws of the State or Commonwealth in which
the Sponsor has its principal place of business, except as preempted by
applicable Federal law. The invalidity or illegality of any provision of the
Plan shall not affect the legality or validity of any other part thereof.

21.13 TRUST AGREEMENT

The Trust Agreement and the Trust maintained thereunder shall be deemed to be a
part of the Plan as if fully set forth herein and the provisions of the Trust
Agreement are hereby incorporated by reference into the Plan.

21.14 PARTIES BOUND

The Plan shall be binding upon the Employers, all Participants and Beneficiaries
hereunder, and, as the case may be, the heirs, executors, administrators,
successors, and assigns of each of them.

21.15 APPLICATION OF CERTAIN PLAN PROVISIONS

A Participant's Beneficiary, if the Participant has died, or alternate payee
under a qualified domestic relations order shall be treated as a Participant for
purposes of directing investments as provided in Article X. For purposes of the
general administrative provisions and limitations of

                                       72
<PAGE>   81
the Plan, a Participant's Beneficiary or alternate payee under a qualified
domestic relations order shall be treated as any other person entitled to
receive benefits under the Plan. Upon any termination of the Plan, any such
Beneficiary or alternate payee under a qualified domestic relations order who
has an interest under the Plan at the time of such termination, which does not
cease by reason thereof, shall be deemed to be a Participant for all purposes of
the Plan.

21.16 LEASED EMPLOYEES

Any leased employee, other than an excludable leased employee, shall be treated
as an employee of the Employer for which he performs services for all purposes
of the Plan only if necessary to meet the non-discrimination requirements of
Section 410(b) and 401(a) of the Code; provided, however, that contributions to
a qualified plan made on behalf of a leased employee by the leasing organization
that are attributable to services for the Employer shall be treated as having
been made by the Employer and there shall be no duplication of benefits under
this Plan. A "leased employee" means any person who performs services for an
Employer or a Related Company (the "recipient") (other than an employee of the
recipient) pursuant to an agreement between the recipient and any other person
(the "leasing organization") on a substantially full-time basis for a period of
at least one year, provided that such services are of a type historically
performed, in the business field of the recipient, by employees. An "excludable
leased employee" means any leased employee of the recipient who is covered by a
money purchase pension plan maintained by the leasing organization which
provides for (i) a nonintegrated employer contribution on behalf of each
participant in the plan equal to at least ten percent of compensation, (ii) full
and immediate vesting, and (iii) immediate participation by employees of the
leasing organization (other than employees who perform substantially all of
their services for the leasing organization or whose compensation from the
leasing organization in each plan year during the four-year period ending with
the plan year is less than $1,000); provided, however, that leased employees do
not constitute more than 20 percent of the recipient's nonhighly compensated
work force. For purposes of this Section, contributions or benefits provided to
a leased employee by the leasing organization that are attributable to services
performed for the recipient shall be treated as provided by the recipient.

21.17 TRANSFERRED FUNDS

If funds from another qualified plan are transferred or merged into the Plan,
such funds shall be held and administered in accordance with any restrictions
applicable to them under such other plan to the extent required by law and shall
be accounted for separately to the extent necessary to accomplish the foregoing.
In addition, notwithstanding any other provision of the Plan to the contrary,
the forms of payment and other provisions that were available with respect to
such funds immediately prior to the transfer or merger and that may not be
eliminated under Section 411(d)(6) of the Code shall continue to be available
under the Plan with respect to amounts attributable to the transferred or merged
funds.

                                       73
<PAGE>   82

                                  ARTICLE XXII
                              TOP-HEAVY PROVISIONS

22.1 DEFINITIONS

For purposes of this Article, the following terms shall have the following
meanings:

(a)      The "compensation" of an employee means compensation as defined in
         Section 415 of the Code and regulations issued thereunder. In no event,
         however, shall the compensation of a Participant taken into account
         under the Plan for any Plan Year exceed (1) $200,000 for Plan Years
         beginning prior to January 1,1994, or (2) $150,000 for Plan Years
         beginning on or after January 1, 1994 (subject to adjustment annually
         as provided in Section 401(a)(17)(B) and Section 415(d) of the Code;
         provided, however, that the dollar increase in effect on January 1 of
         any calendar year, if any, is effective for Plan Years beginning in
         such calendar year). If the compensation of a Participant is determined
         over a period of time that contains fewer than 12 calendar months, then
         the annual compensation limitation described above shall be adjusted
         with respect to that Participant by multiplying the annual compensation
         limitation in effect for the Plan Year by a fraction the numerator of
         which is the number of full months in the period and the denominator of
         which is 12; provided, however, that no proration is required for a
         Participant who is covered under the Plan for less than one full Plan
         Year if the formula for allocations is based on Compensation for a
         period of at least 12 months.

(b)      The "determination date" with respect to any Plan Year means the last
         day of the preceding Plan Year, except that the determination date with
         respect to the first Plan Year of the Plan, shall mean the last day of
         such Plan Year.

(c)      A "key employee" means any Employee or former Employee who is a key
         employee pursuant to the provisions of Section 416(i)(1) of the Code
         and any Beneficiary of such Employee or former Employee.

(d)      A "non-key employee" means any Employee who is not a key employee.

(e)      A "permissive aggregation group" means those plans included in each
         Employer's required aggregation group together with any other plan or
         plans of the Employer, so long as the entire group of plans would
         continue to meet the requirements of Sections 401(a)(4) and 410 of the
         Code.

(f)      A "required aggregation group" means the group of tax-qualified plans
         maintained by an Employer or a Related Company consisting of each plan
         in which a key employee participates and each other plan that enables a
         plan in which a key employee participates to meet the requirements of
         Section 401(a)(4) or Section 410 of the Code,

                                       74
<PAGE>   83

         including any plan that terminated within the five-year period ending
         on the relevant determination date.

(g)      A "super top-heavy group" with respect to a particular Plan Year means
         a required or permissive aggregation group that, as of the
         determination date, would qualify as a top-heavy group under the
         definition in paragraph (i) of this Section with "90 percent"
         substituted for "60 percent" each place where "60 percent" appears in
         the definition.

(h)      A "super top-heavy plan" with respect to a particular Plan Year means a
         plan that, as of the determination date, would qualify as a top-heavy
         plan under the definition in paragraph (j) of this Section with "90
         percent" substituted for "60 percent" each place where "60 percent"
         appears in the definition. A plan is also a "super top-heavy plan" if
         it is part of a super top-heavy group.

(i)      A "top-heavy group" with respect to a particular Plan Year means a
         required or permissive aggregation group if the sum, as of the
         determination date, of the present value of the cumulative accrued
         benefits for key employees under all defined benefit plans included in
         such group and the aggregate of the account balances of key employees
         under all defined contribution plans included in such group exceeds 60
         percent of a similar sum determined for all employees covered by the
         plans included in such group.

(j)      A "top-heavy plan" with respect to a particular Plan Year means (i), in
         the case of a defined contribution plan (including any simplified
         employee pension plan), a plan for which, as of the determination date,
         the aggregate of the accounts (within the meaning of Section 416(g) of
         the Code and the regulations and rulings thereunder) of key employees
         exceeds 60 percent of the aggregate of the accounts of all participants
         under the plan, with the accounts valued as of the relevant valuation
         date and increased for any distribution of an account balance made in
         the five-year period ending on the determination date, (ii), in the
         case of a defined benefit plan, a plan for which, as of the
         determination date, the present value of the cumulative accrued
         benefits payable under the plan (within the meaning of Section 416(g)
         of the Code and the regulations and rulings thereunder) to key
         employees exceeds 60 percent of the present value of the cumulative
         accrued benefits under the plan for all employees, with the present
         value of accrued benefits to be determined under the accrual method
         uniformly used under all plans maintained by an Employer or, if no such
         method exists, under the slowest accrual method permitted under the
         fractional accrual rate of Section 411(b)(1)(C) of the Code and
         including the present value of any part of any accrued benefits
         distributed in the five-year period ending on the determination date,
         and (iii) any plan (including any simplified employee pension plan)
         included in a required aggregation group that is a top-heavy group. For
         purposes of this paragraph, the accounts and accrued benefits of any
         employee who has not performed services for an Employer or a Related
         Company during the five-year period ending on the determination date
         shall be disregarded. For purposes of this paragraph, the present value
         of cumulative

                                       75
<PAGE>   84

         accrued benefits under a defined benefit plan for purposes of top-heavy
         determinations shall be calculated using the actuarial assumptions
         otherwise employed under such plan, except that the same actuarial
         assumptions shall be used for all plans within a required or permissive
         aggregation group. A Participant's interest in the Plan attributable to
         any Rollover Contributions, except Rollover Contributions made from a
         plan maintained by an Employer or a Related Company, shall not be
         considered in determining whether the Plan is top-heavy.
         Notwithstanding the foregoing, if a plan is included in a required or
         permissive aggregation group that is not a top-heavy group, such plan
         shall not be a top-heavy plan.

(k)      The "valuation date"' with respect to any determination date means the
         most recent Valuation Date occurring within the 12-month period ending
         on the determination date.

22.2 APPLICABILITY

Notwithstanding any other provision of the Plan to the contrary, the provisions
of this Article shall be applicable during any Plan Year in which the Plan is
determined to be a top-heavy plan as hereinafter defined. If the Plan is
determined to be a top-heavy plan and upon a subsequent determination date is
determined no longer to be a top-heavy plan, the vesting provisions of Article
VI shall again become applicable as of such subsequent determination date;
provided, however, that if the prior vesting provisions do again become
applicable, any Employee with three or more years of Vesting Service may elect
in accordance with the provisions of Article VI, to continue to have his vested
interest in his Employer Contributions Sub-Account determined in accordance with
the vesting schedule specified in Section 22.5.

22.3 MINIMUM EMPLOYER CONTRIBUTION

If the Plan is determined to be a top-heavy plan, the Employer Contributions
allocated to the Participant Account of each non-key employee who is an Eligible
Employee and who is employed by an Employer or a Related Company on the last day
of such top-heavy Plan Year shall be no less than the lesser of (i) three
percent of his compensation or (ii) the largest percentage of compensation that
is allocated as an Employer Contribution and/or Tax-Deferred Contribution for
such Plan Year to the Participant Account of any key employee; except that, in
the event the Plan is part of a required aggregation group, and the Plan enables
a defined benefit plan included in such group to meet the requirements of
Section 401(a)(4) or 410 of the Code, the minimum allocation of Employer
Contributions to each such non-key employee shall be three percent of the
compensation of such non-key employee. Any minimum allocation to a non-key
employee required by this Section shall be made without regard to any social
security contribution made on behalf of the non-key employee, his number of
hours of service, his level of compensation, or whether he declined to make
elective or mandatory contributions. Notwithstanding the minimum top-heavy
allocation requirements of this Section, if the Plan is a top-heavy plan, each
non-key employee who is an Eligible Employee and who is employed by an Employer
or a Related Company on the last day of a top-heavy Plan Year and who is also

                                       76
<PAGE>   85

covered under a top-heavy defined benefit plan maintained by an Employer or a
Related Company will receive the top-heavy benefits provided under the defined
benefit plan in lieu of the minimum top-heavy allocation under the Plan.

22.4 ADJUSTMENTS TO SECTION 415 LIMITATIONS

If the Plan is determined to be a top-heavy plan and an Employer maintains a
defined benefit plan covering some or all of the Employees that are covered by
the Plan, the defined benefit plan fraction and the defined contribution plan
fraction, described in Article VII, shall be determined as provided in Section
415 of the Code by substituting "1.0" for "1.25" each place where "1.25"
appears, except that such substitutions shall not be applied to the Plan if (i)
the Plan is not a super top-heavy plan, (ii) the Employer Contribution for such
top-heavy Plan Year for each non-key employee who is to receive a minimum
top-heavy benefit hereunder is not less than four percent of such non-key
employee's compensation, and (iii) the minimum annual retirement benefit accrued
by a non-key employee who participates under one or more defined benefit plans
of an Employer or a Related Company for such top-heavy Plan Year is not less
than the lesser of three percent times years of service with an Employer or a
Related Company or thirty percent.

22.5 ACCELERATED VESTING

If the Plan is determined to be a top-heavy plan, a Participant's vested
interest in his Employer Contributions Sub-Account shall be determined no less
rapidly than in accordance with the following vesting schedule:

      Years of Vesting Service               Vested Interest
      ------------------------               ---------------

           less than 2                              0%
           2 but less than 3                       20%
           3 but less than 4                       40%
           4 but less than 5                       60%
           5 but less than 6                       80%
           6 or more                              100%

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                                 ARTICLE XXIII
                                 EFFECTIVE DATE

23.1     EFFECTIVE DATE OF AMENDMENT AND RESTATEMENT

This amendment and restatement is effective as of April 1, 1999.

                              *        *        *

EXECUTED AT Corrpro Companies, Inc., this 23 day of March, 2000.
            ------------------------      --        -----------

                                        CORRPRO COMPANIES, INC.

                                        By: /s/ Stacie M. Hobston
                                            -------------------------------
                                            Title: Benefits Manager

                                       78<PAGE>   1
                                                                  Exhibit 4.4(g)

                                                                  EXECUTION COPY

                                 AMENDMENT NO. 4
                                       TO
                          CREDIT AND SECURITY AGREEMENT

         This AMENDMENT NO. 4 TO CREDIT AND SECURITY AGREEMENT (this
"Amendment"), made as of this ___ day of March, 2001, among PARAGON CORPORATE
HOLDINGS INC. ("Borrower"), certain financial institutions listed on the
signature pages hereto (the "Banks"), KEY CORPORATE CAPITAL INC., as Letter of
Credit Bank (the "Letter of Credit Bank"), and KEY CORPORATE CAPITAL INC. as
Agent for the Banks and the Letter of Credit Bank (the "Agent").

                             W I T N E S S E T H :

         WHEREAS, the Borrower, the Banks, the Letter of Credit Bank and the
Agent have entered into that certain Credit and Security Agreement, dated as of
April 1, 1998, as amended by that certain Amendment No. 1 to Credit and Security
Agreement, dated as of March 17, 1999, as further amended by that certain
Amendment No. 2 to Credit and Security Agreement, dated as of March 31, 2000, as
further amended by that certain Amendment No. 3 to Credit and Security
Agreement, dated as of May 10, 2000 (as amended, the "Credit Agreement"),
pursuant to which the Agent, the Banks and the Letter of Credit Bank have made
certain loans and other financial accommodations available to Borrower; and

         WHEREAS, the Borrower, the Banks, the Letter of Credit Bank and the
Agent desire to amend the Credit Agreement as hereinafter set forth;

         NOW, THEREFORE, in consideration of the mutual promises and agreements
contained herein and other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the Borrower, the Banks, the Letter
of Credit Bank and the Agent do hereby agree as follows:

1. DEFINED TERMS.

Each defined term used herein and not otherwise defined herein shall have the
meaning ascribed to such term in the Credit Agreement.

2. AMENDMENT TO THE CREDIT AGREEMENT.

         2.1 AMENDMENT TO INTRODUCTORY PARAGRAPH. The introductory paragraph on
Page 1 of the Credit Agreement is hereby amended by deleting the reference to
"U.S. $32,000,000" and replacing it with "U.S. $37,000,000".

<PAGE>   2

2.2 AMENDMENT TO SECTION 8.3(c). Section 8.3(c) is amended to read as follows:

                  (c)INDEBTEDNESS. The Borrower shall not, and shall not permit
         any of its Subsidiary Guarantors to, create, assume, incur, suffer to
         exist or have outstanding at any time any Indebtedness or other debt of
         any kind, EXCEPT that this Section 8.3 (c) shall not prohibit: (i) the
         Obligations and the Guaranty by the Subsidiary Guarantors thereof, (ii)
         ordinary course trade payables, (iii) the Indebtedness on the
         Supplemental Schedule (which Indebtedness shall not be renewed or
         increased), (iv) Indebtedness secured by a Lien permitted by Section
         8.3(d) of this Agreement, (v) any Indebtedness which results from a
         Credit Extension permitted in Section 8.3(b) of this Agreement, (vi)
         the Senior Notes and the Guaranty by the Subsidiary Guarantors thereof,
         (vii) the incurrence by the Borrower or any of its Subsidiary
         Guarantors of Hedging Obligations, (viii) the incurrence by the
         Borrower or any of its U.S. Subsidiaries of additional Indebtedness in
         an aggregate principal amount (or accreted value, as applicable) at any
         time outstanding not to exceed $10,000,000, (ix) the guarantee by the
         Borrower or any Subsidiary Guarantor of Indebtedness of the Borrower or
         a Subsidiary of the Borrower that was permitted to be incurred by
         another provision of this Agreement, (x) the incurrence by the Borrower
         or any of its U.S. Subsidiaries of additional Indebtedness in support
         of the exchange of the Senior Notes pursuant to that certain Offer to
         Exchange and Consent Solicitation Statement regarding the 9 5/8% Series
         B Senior Notes of Borrower, Due 2008, as approved by the Agent prior to
         commencement (the "Exchange Offer"). Notwithstanding the foregoing, the
         Borrower may incur Indebtedness if the Borrower's Consolidated Fixed
         Charge Coverage Ratio for the Borrower's most recently ended four full
         Fiscal Quarters for which internal financial statements are available
         immediately preceding the date on which such additional Indebtedness is
         incurred would have been at least 2.0 to 1.0, determined on a pro forma
         basis (including a pro forma application of the net proceeds
         therefrom), as if the additional Indebtedness had been incurred.

2.3 AMENDMENT TO SECTION 8.3(f). Section 8.3(f) is amended to read as follows:

                  (f)DIVIDENDS; MANAGEMENT FEE. Other than in a writing made
         expressly subject to the Agent's written consent under this Agreement,
         neither the Borrower nor any Subsidiary Guarantor shall make or commit
         itself to make any Distribution (other than stock dividends) to its
         shareholders at any time or pay or commit itself to pay any management
         fee to any Affiliate of the Borrower at any time; PROVIDED, HOWEVER,
         that so long as no Potential Default has occurred and none would
         thereupon occur, (i) the Borrower may pay to NESCO, Inc. a monthly
         management fee in an amount not to exceed, together with all other such
         payments by the Borrower in any Fiscal Year, in the aggregate five
         percent (5%) of the Borrower's Consolidated EBITDA during any Fiscal
         Year, (ii) to support the Borrower's payment of any such management
         fee, each Subsidiary Guarantor may pay to the Borrower, in accordance
         with a management agreement among the Borrower and the Subsidiary
         Guarantors, an amount, on a monthly basis, that does not, together with
         all other such payments by such Subsidiary Guarantor in any Fiscal
         Year, exceed such Subsidiary Guarantor's Consolidated EBITDA for such

                                       2
<PAGE>   3

         Fiscal Year, (iii) payments required to be made by the Borrower and the
         Subsidiary Guarantors pursuant to a certain Tax Payment Agreement,
         dated as of the date hereof, among, INTER ALIA the Borrower, the
         Subsidiary Guarantors and the Parent Company, (iv) each Subsidiary
         Guarantors may, on a weekly basis, pay an amount to the Borrower to
         support the Borrower's interest payments under the Senior Notes in an
         amount not in excess 1/52 of such Subsidiary Guarantor's ratable
         portion (based on projected Consolidated EBITDA for the Fiscal Year in
         which such payment occurs) of the interest due under the Senior Notes
         for the Fiscal Year in which such payment occurs, and (v) in support of
         the exchange of the Senior Notes pursuant to the Exchange Offer, the
         Subsidiary Guarantors may pay to the Borrower a sum not to exceed in
         the aggregate $51,000,000 cash.

                                       3

<PAGE>   4

2.4 AMENDMENT TO SECTION 8.4(a). Section 8.4(a) is amended to read as follows:

                  (a) MINIMUM CONSOLIDATED EBITDA. The Borrower shall not permit
         the Consolidated EBITDA of A. B. Dick as of the end of any of the
         following cumulative fiscal periods to be less than the amount set
         forth opposite such cumulative fiscal period:

<TABLE>
<CAPTION>
                                    CUMULATIVE FISCAL                            CONSOLIDATED EBITDA
                                         PERIOD
                  ------------------------------------------------------ ------------------------------------
<S>                                                                       <C>
                   January 1, 2001  --   March 31, 2001                              $1,250,000
                   January 1, 2001  --   June 30, 2001                               $2,500,000
                   January 1, 2001  --   September 30, 2001                          $3,750,000
                   January 1, 2001  --   December 31, 2001                           $5,250,000
                   April 1, 2001    --   March 31, 2002                              $5,500,000
                   July 1  2001     --   June 30, 2002                               $5,750,000
                   and each Cumulative Four Quarter Fiscal Period
                   thereafter                                                        $6,000,000
</TABLE>

2.5 AMENDMENT TO SECTION 8.4(b).  Section 8.4(b) is amended to read as follows:

                  (b) CONSOLIDATED FIXED CHARGE COVERAGE RATIO. The Borrower
         shall not at any time permit:

                           (i) the Consolidated Fixed Charge Coverage Ratio of
                  the Borrower as at the end of any of the following cumulative
                  fiscal periods of the Borrower to be less than the ratio set
                  forth opposite such cumulative fiscal period:

<TABLE>
<CAPTION>
                                    CUMULATIVE FISCAL                    CONSOLIDATED FIXED CHARGE COVERAGE
                                         PERIOD                                         RATIO
                  ------------------------------------------------------ ------------------------------------
<S>                                                                       <C>
                   January 1, 2001  --   June 30, 2001                              0.40 to 1.0
                   January 1, 2001  --   September 30, 2001                         0.45 to 1.0
                   January 1, 2001  --   December 31, 2001                          0.60 to 1.0
                   April 1, 2001    --   March 31, 2002                             0.70 to 1.0
                   July 1,  2001    --   June 30, 2002                              0.75 to 1.0
                   October 1, 2001  --   September 30, 2002                         0.80 to 1.0
                   January 1, 2002  --   December 31, 2002                          0.85 to 1.0
                   April 1, 2002    --   March 31, 2003                             0.90 to 1.0
                   July 1, 2002     --   June 30, 2003                              0.95 to 1.0
                   and each Cumulative Four Quarter Fiscal Period
                   thereafter                                                       1.00 to 1.0;
</TABLE>

                                       4
<PAGE>   5

                  or

                           (ii) the Consolidated Fixed Charge Coverage Ratio of
                  A.B. Dick as at the end of any of the following cumulative
                  fiscal periods of the Borrower to be less than the ratio set
                  forth opposite such cumulative fiscal period:

<TABLE>
<CAPTION>
                                    CUMULATIVE FISCAL                    CONSOLIDATED FIXED CHARGE COVERAGE
                                         PERIOD                                         RATIO
                  ------------------------------------------------------ ------------------------------------
<S>                                                                       <C>
                   January 1, 2001  --  March 31, 2001                               0.70 to 1.0
                   January 1, 2001  --  June 30, 2001                                0.75 to 1.0
                   January 1, 2001  --  September 30, 2001                           0.80 to 1.0
                   January 1, 2001  --  December 31, 2001                            0.90 to 1.0
                   April 1, 2001    --  March 31, 2002                               0.95 to 1.0
                   July 1  2001     --  June 30, 2002                                1.00 to 1.0
                   October 1, 2001  --  September 30, 2002                           1.05 to 1.0
                   and each Cumulative Four Quarter Fiscal Period
                   thereafter                                                        1.10 to 1.0
</TABLE>

         2.6 AMENDMENT TO ANNEX I. Annex I is hereby amended by deleting all
references to "$32,000,000" and replacing each such reference with
"$37,000,000".

         2.7 AMENDMENT TO ANNEX II. Annex II to the Credit Agreement is amended
by deleting the definition of "Borrowing Base" and replacing it with the
following new definition:

         "BORROWING BASE" means, at any date of determination, an amount not in
         excess of the difference of the following:

                  (a)      the sum of:

                           (i)      eighty-five percent (85%) of the amount due
                                    and owing on the A.B. Dick Eligible
                                    Accounts; PLUS

                           (iii)    the lesser of:

                                    (x) Eighteen Million Five Hundred Thousand
                                    Dollars ($18,500,000) or

                                    (y) sixty percent (60%) of the cost or
                                    market value (whichever is lower) of the
                                    A.B. Dick Eligible Inventory; PLUS

                           (iv)     ten percent (10%) of the cost or market
                                    value (whichever is lower) of the A.B. Dick
                                    Accumulated Depreciation Inventory; MINUS

                  (b)      the Reserve Amount.

                                       5
<PAGE>   6

3.       WAIVER.

         3.1 WAIVER. Subject to and conditioned on the effectiveness of this
Amendment, to the extent that the following actions have resulted in Borrower's
failure to comply with the Credit Agreement, the Agent and each Bank hereby
waives, as of the date of this Amendment:

                  (a) solely to the extent disclosed to the Agent and the Banks
         in writing prior to the date of this Amendment, Borrower's failure to
         comply with the requirement set forth in Section 8.4(a)of the Credit
         Agreement that Borrower not permit the Consolidated EBITDA of A.B. Dick
         to be less than $11,000,000 Cumulative Four Fiscal Quarter Period
         ending on December 31, 2000

                  (b) solely to the extent disclosed to the Agent and the Banks
         in writing prior to the date of this Amendment, Borrower's failure to
         comply with the requirement set forth in Section 8.4(b)(i) of the
         Credit Agreement that Borrower not permit the Consolidated Fixed Charge
         Coverage Ratio of the Borrower to be less than 1.20 to 1.0 for the
         Cumulative Four Fiscal Quarter Period ending on December 31, 2000;

                  (c) solely to the extent disclosed to the Agent and the Banks
         in writing prior to the date of this Amendment, Borrower's failure to
         comply with the requirement set forth in Section 8.4(b)(ii) of the
         Credit Agreement that Borrower not permit the Consolidated Fixed Charge
         Coverage Ratio of A.B. Dick to be less than 1.20 to 1.0 for the
         Cumulative Four Fiscal Quarter Period ending on December 31, 2000; and

                  (d) solely with respect to defaults waived pursuant to
         Sections 3.1(a), 3.1(b) and 3.1(c) of this Amendment, any Event of
         Default under Section 9.4 of the Financing Agreement.

4.       REPRESENTATIONS AND WARRANTIES.

Borrower hereby represents and warrants as follows:

         4.1 THE AMENDMENT. This Amendment has been duly and validly executed by
an authorized executive officer of Borrower and constitutes the legal, valid and
binding obligation of Borrower enforceable against Borrower in accordance with
its terms. The execution delivery, and performance of this Amendment, the Credit
Agreement (as amended hereby), and the other Loan Documents to which Borrower is
a party are within the Borrower's corporate powers, have been duly authorized,
and are not in contravention of Law or the terms of the Borrower's Certificate
of Incorporation or By-Laws or any indenture (including the Senior Note
Indenture) or other document or instrument evidencing borrowed money or any
other agreement or undertaking to which the Borrower is a party or by which it
or its property is bound.

         4.2 CLAIMS AND DEFENSES. As of the date of this Amendment, neither the
Borrower nor any of the Subsidiary Guarantors has any defenses, claims,
counterclaims or setoffs with

                                       6
<PAGE>   7

respect to the Credit Agreement, the Loan Documents or any Obligations
thereunder or with respect to any actions of the Agent, the Banks, the Letter of
Credit Bank or any of their respective officers, directors, shareholders,
employees, agents or attorneys, and the Borrower irrevocably and absolutely
waives any such defenses, claims, counterclaims and setoffs and releases the
Agent, the Banks and the Letter of Credit Bank, and each of their respective
officers, directors, shareholders, employees, agents and attorneys, from the
same.

         4.3 CREDIT AGREEMENT. The Credit Agreement, as previously amended and
as further amended by this Amendment, remains in full force and effect and
remains the valid and binding obligation of Borrower enforceable against
Borrower in accordance with its terms.

         4.4 NONWAIVER. Except as expressly provided in Section 3 hereto, the
execution, delivery, performance and effectiveness of this Amendment shall not
operate nor be deemed to be nor construed as a waiver (i) of any right, power or
remedy of the Agent, any Bank or the Letter of Credit Bank under the Credit
Agreement, nor (ii) of any term, provision, representation, warranty or covenant
contained in the Credit Agreement or any other documentation executed in
connection therewith and Bank expressly retains all of its rights and remedies
with regard to any conversion of the Additional Promissory Notes (as defined in
the Exchange Offer). Further, except as set forth in Section 3 of this
Agreement, none of the provisions of this Amendment shall constitute, be deemed
to be or construed as, a waiver of any Event of Default under the Credit
Agreement as previously amended and as further amended by this Amendment.

         4.5 REFERENCE TO AND EFFECT ON THE CREDIT AGREEMENT. Upon the
effectiveness of this Amendment, each reference in the Credit Agreement to "this
Agreement", "hereunder", "hereof", "herein", or words of like import shall mean
and be a reference to the Credit Agreement, as previously amended and as further
amended hereby, and each reference to the Credit Agreement in any other
document, instrument or agreement executed and/or delivered in connection with
the Credit Agreement shall mean and be a reference to the Credit Agreement, as
previously amended and as further amended hereby.

5. CONDITIONS PRECEDENT TO EFFECTIVENESS OF THIS AMENDMENT NO. 4.

In addition to all of the other conditions and agreements set forth herein, the
effectiveness of this Amendment is subject to the fulfillment of each of the
following conditions precedent:

         5.1 AMENDMENT NO. 4 TO CREDIT AND SECURITY AGREEMENT. The Agent and
each Bank shall have received an original counterpart of this Amendment No. 4 to
Credit and Security Agreement, executed and delivered by a duly authorized
officer of Borrower, the Agent, and each of the Banks.

         5.2 AMENDMENT TO SECURITY AGREEMENT OF A.B. DICK. The Security
Agreement of A.B. Dick shall have been amended in form and substance acceptable
to the Agent, in its sole discretion, to provide the grant of a security
interest in the property, plant and equipment of A.B. Dick to the Agent for the
benefit of the Banks and the Agent shall have received such executed amendment
and financing statements evidencing such grant.

         5.3 MORTGAGE OF REAL PROPERTY OF A.B. DICK. The Agent shall have
received original mortgages and fixture financing statements, in form and
substance acceptable to the

                                       7
<PAGE>   8

Agent, in its sole discretion, for the real property of A.B. Dick, executed and
delivered by a duly authorized officer of A.B. Dick.

         5.4 ACKNOWLEDGMENT OF GUARANTOR. The Agent shall have received the
Acknowledgment of Guarantor, attached hereto, executed and delivered by a duly
authorized officer of A.B. Dick.

         5.5 AMENDMENT FEE. Bank shall have received from the Borrower, an
Amendment Fee in the amount of Twenty-Five Thousand Dollars ($25,000).

6. MISCELLANEOUS.

         6.1 GOVERNING LAW. This Amendment has been delivered and accepted at
and shall be deemed to have been made at Cleveland, Ohio. This Amendment shall
be interpreted and the rights and liabilities of the parties hereto determined
in accordance with the laws of the State of Ohio, without regard to principles
of conflict of law, and all other laws of mandatory application.

         6.2 SEVERABILITY. Each provision of this Amendment shall be interpreted
in such manner as to be valid under applicable law, but if any provision hereof
shall be invalid under applicable law, such provision shall be ineffective to
the extent of such invalidity, without invalidating the remainder of such
provision or the remaining provisions hereof.

         6.3 COUNTERPARTS. This Amendment may be executed in one or more
counterparts, each of which, when taken together, shall constitute but one and
the same agreement.

                           [Signature Page to Follow]

                                       8
<PAGE>   9

         IN WITNESS WHEREOF, Borrower has caused this Amendment No. 4 to Credit
and Security Agreement to be duly executed and delivered by its duly authorized
officer as of the date first above written.

<TABLE>
<CAPTION>
<S>                                                      <C>
KEY CORPORATE CAPITAL INC., as Agent                     PARAGON CORPORATE HOLDINGS INC.

-----------------------------------                      -----------------------------------
By:________________________________                      By:________________________________
Its:_______________________________                      Its:_______________________________

KEY CORPORATE CAPITAL INC., as a Bank                    KEY CORPORATE CAPITAL INC., as a
                                                         Letter of Credit Bank

-----------------------------------                      -----------------------------------
By:________________________________                      By:________________________________
Its:_______________________________                      Its:_______________________________
</TABLE>

                                       9
<PAGE>   10

                      ACKNOWLEDGMENT OF A. B. DICK COMPANY.
                      -------------------------------------

                  The undersigned, A. B. DICK COMPANY, a Delaware corporation,
having guaranteed the obligations of Paragon Corporate Holdings Inc. to Key
Corporate Capital Inc. ("KCCI"), hereby acknowledges and agrees to the terms of
the foregoing Amendment No. 4 to Credit and Security Agreement. The undersigned
represents and warrants to KCCI that the Subsidiary Guaranty Agreement, executed
and delivered by the undersigned to KCCI, dated as of April 1, 1998, remains the
valid and binding obligation of the undersigned, enforceable against it in
accordance with its respective terms.

                                    A. B. DICK COMPANY

                                    By:___________________________

                                    Its:__________________________

Dated: March __, 2001

                                       10

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