Document:

Exhibit 10-U

                                  GPU COMPANIES

                  MASTER EXECUTIVES' BENEFITS PROTECTION TRUST

                As Amended and Restated Effective [June] 1, 1999

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                                TABLE OF CONTENTS
                                -----------------

Article           Title                                             Page No.
-------           ------                                            --------

ARTICLE 1         Definitions                                           3

ARTICLE 2         Establishment of the Trusts                           9

ARTICLE 3         Contributions and Accounts                           10

ARTICLE 4         Payments to Participants and Beneficiaries           14

ARTICLE 5         Legal Defense Fund                                   20

ARTICLE 6         Insolvency                                           24

ARTICLE 7         Payments to Company                                  25

ARTICLE 8         Investment Authority and Disposition of Income       25

ARTICLE 9         General Powers and Duties of Trustee                 27

ARTICLE 10        Taxes, Expenses, and Compensation of Trustee         32

ARTICLE 11        Accounting by Trustee                                33

ARTICLE 12        Communications                                       34

ARTICLE 13        Resignation or Removal of Trustee                    35

ARTICLE 14        Amendments and Termination                           36

ARTICLE 15        Miscellaneous                                        37

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         AGREEMENT  made as of [June] 1,  1999,  by and  between  GPU,  INC.,  a
Pennsylvania corporation (the "Corporation"),  GPU SERVICE, INC., a Pennsylvania
corporation,  GPU NUCLEAR,  INC., a New Jersey  corporation,  and JERSEY CENTRAL
POWER & LIGHT  COMPANY,  a New Jersey  corporation,  (each such  corporation  is
hereinafter  referred to individually as a "Company",  and all such corporations
are hereinafter  referred to collectively  as the  "Companies"),  and U.S. TRUST
COMPANY,  NATIONAL ASSOCIATION,  a New York corporation (hereinafter referred to
as the "Trustee").

                              W I T N E S S E T H :

         WHEREAS  each  Company has  adopted  one or more Plans (as  hereinafter
defined)  under which it has  incurred or expects to incur  liability  under the
terms of such Plans with respect to Benefits (as hereinafter defined) payable to
individuals participating in such Plans; and

         WHEREAS,  pursuant to a Trust  Agreement  dated as of September 1, 1995
and most recently amended as of November 6, 1997 between the  Corporation,  each
of the Companies,  and Summit Bank as trustee (the "Prior  Agreement"),  each of
the Companies has established a trust  (hereinafter  called the "Trust") and has
contributed  to the Trust  assets  that  shall be held  therein,  subject to the
claims of the Company's  creditors in the event of the Company's  Insolvency (as
hereinafter  defined) until paid to Plan participants and their beneficiaries in
such manner and at such times as specified in the Plans; and

         WHEREAS,  it is the intention of the parties that each Company's  Trust
shall constitute an unfunded arrangement and shall not affect the status of each
Company's  Plans as unfunded for purposes of those  provisions of Title I of the
Employee Retirement Income Security Act of 1974 that may apply to such Plan; and

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

         WHEREAS,  each of the Companies  wishes to appoint U.S.  Trust Company,
National  Association  to  succeed  Summit  Bank  as the  trustee  of its  Trust
effective as of [June] 1, 1999,  and U.S. Trust  Company,  National  Association
wishes to accept  such  appointment,  upon the  terms and  conditions  set forth
herein; and

         WHEREAS, the Corporation, the Companies and the Trustee desire to amend
and restate the Prior Agreement to reflect the appointment of U.S. Trust
Company, National Association as

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successor trustee of each Trust and to make certain other changes in the Prior
Agreement;

         NOW,  THEREFORE,  the Prior  Agreement  is hereby  amended and restated
effective [June] 1, 1999 to read in its entirety as follows:

                                    ARTICLE 1

                                   Definitions
                                   -----------

         1.1 As used  herein,  the  following  terms  shall  have the  following
meanings, unless the context clearly indicates a contrary meaning:

                  (a) "Agreement" shall mean this instrument, as the same may be
amended from time to time as permitted herein.

                  (b) "Applicable Company" shall mean, with respect to any Trust
     maintained  hereunder,  or any Plan, the Company that maintains such Trust,
     or that has adopted or maintains such Plan.

                  (c) "Beneficiary",  with respect to a Participant,  shall mean
     the person or entity  designated by such Participant  under a Plan, or such
     other  person  or  entity  with  respect  to  such  Participant  as  may be
     designated  under the terms of such Plan, to receive the Benefits,  if any,
     payable from such Plan following such Participant's death.

                  (d) "Benefits" shall mean those amounts specified in Exhibit B
     that are payable  under a Plan to (or with respect to) a  Participant,  or,
     upon his death, to his Beneficiary.

                  (e)    "Benefit Valuation Date" shall mean the first day of
     each calendar year.

                  (f)    "Board" shall mean the board of directors of the
     Corporation.

                  (g)    "Change in Control" shall mean the occurrence of any of
     the following:

                             (1) An  acquisition  (other than  directly from the
                  Corporation) of any common stock of the  Corporation  ("Common
                  Stock") or other voting securities of the Corporation entitled
                  to vote  generally for the election of directors  (the "Voting
                  Securities")  by any  "Person" (as the term person is used for
                  purposes of Section 13(d) or 14(d) of the Securities  Exchange
                  Act of 1934,

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                  as amended (the "Exchange Act")), immediately after which such
                  Person has "Beneficial  Ownership" (within the meaning of Rule
                  13d-3  promulgated  under the Exchange Act) of twenty  percent
                  (20%) or more of the then  outstanding  shares of Common Stock
                  or  the  combined  voting  power  of  the  Corporation's  then
                  outstanding   Voting   Securities;   provided,   however,   in
                  determining  whether a Change in Control has occurred,  Voting
                  Securities  which are acquired in a "Non-Control  Acquisition"
                  (as  hereinafter  defined) shall not constitute an acquisition
                  which  would  cause  a  Change  in  Control.   A  "Non-Control
                  Acquisition"  shall  mean an  acquisition  by (A) an  employee
                  benefit plan (or a trust forming a part thereof) maintained by
                  (i) the Corporation or (ii) any corporation or other Person of
                  which a  majority  of its voting  power or its  voting  equity
                  securities   or  equity   interest   is  owned,   directly  or
                  indirectly,   by  the   Corporation   (for  purposes  of  this
                  definition,  a  "Subsidiary"),  (B)  the  Corporation  or  its
                  Subsidiaries,   or  (C)  any  Person  in  connection   with  a
                  "Non-Control Transaction" (as hereinafter defined);

                             (2) The individuals  who, as of August 1, 1996, are
                  members of the Board (the  "Incumbent  Board"),  cease for any
                  reason to  constitute  at least  seventy  percent (70%) of the
                  members of the Board; provided, however, that if the election,
                  or nomination for election by the Corporation's  shareholders,
                  of  any  new  director  was  approved  by a vote  of at  least
                  two-thirds of the Incumbent  Board,  such new director  shall,
                  for purposes of this Trust,  be  considered as a member of the
                  Incumbent Board; provided further, however, that no individual
                  shall be  considered a member of the  Incumbent  Board if such
                  individual  initially  assumed office as a result of either an
                  actual or threatened  "Election Contest" (as described in Rule
                  14a-11  promulgated under the Exchange Act) or other actual or
                  threatened solicitation of proxies or consents by or on behalf
                  of a Person other than the Board (a "Proxy Contest") including
                  by reason of any  agreement  intended  to avoid or settle  any
                  Election Contest or Proxy Contest; or

                             (3)      The consummation of:

                                      (A)    A    merger,    consolidation    or
                              reorganization  with or into the Corporation or in
                              which  securities of the  Corporation  are issued,
                              unless    such    merger,     consolidation     or
                              reorganization is a "Non-Control Transaction".

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                              A "Non-Control  Transaction"  shall mean a merger,
                              consolidation or  reorganization  with or into the
                              Corporation   or  in  which   securities   of  the
                              Corporation are issued where:

                                        (i.)    the    stockholders    of    the
                               Corporation,   immediately  before  such  merger,
                               consolidation or reorganization,  own directly or
                               indirectly  immediately  following  such  merger,
                               consolidation or  reorganization,  at least sixty
                               percent (60%) of the combined voting power of the
                               outstanding  voting securities of the corporation
                               resulting  from such merger or  consolidation  or
                               reorganization  (the "Surviving  Corporation") in
                               substantially   the  same   proportion  as  their
                               ownership  of the Voting  Securities  immediately
                               before    such    merger,     consolidation    or
                               reorganization,

(ii.)                          the individuals who were members of the Incumbent
                               Board  immediately  prior to the execution of the
                               agreement     providing    for    such    merger,
                               consolidation  or  reorganization  constitute  at
                               least seventy percent (70%) of the members of the
                               board of directors of the Surviving  Corporation,
                               or  a   corporation,   directly  or   indirectly,
                               beneficially  owning  a  majority  of the  Voting
                               Securities of the Surviving Corporation, and

                                         (iii.)  no  Person  other  than (w) the
                               Corporation, (x) any Subsidiary, (y) any employee
                               benefit  plan  (or  any  trust   forming  a  part
                               thereof) that,  immediately prior to such merger,
                               consolidation or  reorganization,  was maintained
                               by the Corporation or any Subsidiary,  or (z) any
                               Person  who,  immediately  prior to such  merger,
                               consolidation  or  reorganization  had Beneficial
                               Ownership of twenty  percent (20%) or more of the
                               then  outstanding  Voting  Securities  or  common
                               stock   of  the   Corporation,   has   Beneficial
                               Ownership of twenty  percent (20%) or more of the
                               combined    voting   power   of   the   Surviving
                               Corporation's  then outstanding voting securities
                               or its common stock.

                                       (B)     A complete liquidation or
                               dissolution of the Corporation; or

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                                       (C) The sale or other  disposition of all
                              or   substantially   all  of  the  assets  of  the
                              Corporation  to any Person  (other than a transfer
                              to a Subsidiary).

                  Notwithstanding  the foregoing,  a Change in Control shall not
     be deemed  to occur  solely  because  any  Person  (the  "Subject  Person")
     acquired Beneficial Ownership of more than the permitted amount of the then
     outstanding   Common  Stock  or  Voting  Securities  as  a  result  of  the
     acquisition of Common Stock or Voting Securities by the Corporation  which,
     by reducing the number of shares of Common Stock or Voting  Securities then
     outstanding, increases the proportional number of shares Beneficially Owned
     by the Subject  Person,  provided  that if a Change in Control  would occur
     (but for the operation of this sentence) as a result of the  acquisition of
     shares of Common Stock or Voting  Securities by the Corporation,  and after
     such share  acquisition by the Corporation,  the Subject Person becomes the
     Beneficial  Owner of any  additional  shares  of  Common  Stock  or  Voting
     Securities which increases the percentage of the then outstanding shares of
     Common Stock or Voting Securities Beneficially Owned by the Subject Person,
     then a Change in Control shall occur.

               (h)  "Code" shall mean the Internal Revenue Code of 1986 as the
     same may be amended from time to time.

               (i)  "Insolvent"-A  Company shall be considered  "Insolvent"  for
     purposes of this Agreement if (i) the Company is unable to pay its debts as
     they become due, or (ii) the Company is subject to a pending  proceeding as
     a debtor under the United States Bankruptcy Code.

               (j)  "Participant"  shall  mean any  person  who is or may become
     entitled to receive  benefits  under a Plan and who is included in the list
     of persons  who are to be  treated as  Participants  for  purposes  of this
     Agreement, as set forth in Exhibit A hereto.

               (k)  "Permitted  Investments" shall mean direct obligations of
     the Untied States of  America  or  agencies  or instrumentalities   thereof
     or  obligations unconditionally  and fully  guaranteed  as to principal and
     interest by the United States of America  ("Obligations"), and certificates
     of deposit and bankers' acceptances of a bank organized and existing under
     the laws of the United States of America or any State  thereof that has a
     combined  capital and surplus of at least $100,000,000,  all having
     respective  maturities of not more than one year when  purchased.  The term
     "Permitted  Investments" shall also mean any fund or portfolio maintained
     by any open-end investment company registered under the

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     Investment   Company  Act  of  1940,  the  assets  of  which  are  invested
     exclusively  in  Obligations,   certificates  of  deposit  and/or  bankers'
     acceptances  of the kind  described in the  preceding  sentence  including,
     without limitation, any such fund or portfolio for which the Trustee or any
     affiliate of the Trustee serves as investment adviser.

              (l) "Plan" or "Plans" shall mean, with respect to any Company, any
    (or if the  context  requires,  all)  of the  plans,  programs  or  policies
    maintained by such  Company,  and  agreements  entered into by such Company,
    that are included in the list set forth in Exhibit B hereto.

               (m) "Present Value" shall mean, with respect to any Benefit,  the
   single sum  actuarial  present  value of such  Benefit,  as  determined by an
   enrolled  actuary on the basis of the  actuarial  assumptions  most  recently
   adopted by the Applicable  Company for use in connection with this Agreement.
   Notwithstanding  the  foregoing,  any  determination  of the Present Value of
   Benefits to be made hereunder at any time after a Change in Control or during
   a  Threatened  Change  in  Control  Period  shall be made on the basis of the
   actuarial assumptions that were used in determining the Present Value of such
   Benefits as of the most recent Benefit Valuation Date preceding the Change in
   Control or Threatened Change in Control Period, unless the Applicable Company
   has  notified  the  Trustee in writing  prior to the Change in Control or the
   Threatened  Change in Control  Period of its adoption of different  actuarial
   assumptions  for use  hereunder  after the  Change in  Control  or during the
   Threatened  Change in Control  Period;  provided,  however,  that if any Plan
   specifies (either  expressly or by reference) the actuarial  assumptions that
   are to be used to  calculate  the  Benefits  provided  under such  Plan,  the
   actuarial  assumptions  so specified  shall be used to determine  the Present
   Value of Benefits under that Plan for purposes of this Agreement.

               (n)    "Threatened Change in Control" shall mean the occurrence
   of any of the following events (but no event other than the following
   events), except as otherwise provided below:  Any Person

                         (1)  becomes   the   Beneficial   Owner,   directly  or
              indirectly,  of securities of the Corporation representing fifteen
              percent (15%) or more of the  then-outstanding  Common Stock or of
              the combined  voting power of the  Corporation's  then-outstanding
              voting securities, or

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                         (2)  initiates  a  tender  offer or  exchange  offer to
              acquire securities of the Corporation  representing twenty percent
              (20%)  or  more of the  then-outstanding  Common  Stock  or of the
              combined voting power of the Corporation's then-outstanding voting
              securities, or

                         (3) solicits proxies for the election within any single
              twelve  (12)-month  period  of  three  or  more  directors,  whose
              election  or  nomination  is not  approved  by a  majority  of the
              Incumbent  Board then serving as members of the board, to serve on
              the Board.

                  Notwithstanding the foregoing,  a Threatened Change in Control
     shall not be deemed to occur pursuant to this Section 1.1(n) solely because
     of an  acquisition  or tender offer made or effected in  connection  with a
     Non-Control Acquisition.

              (o)  "Threatened  Change in Control  Period" shall mean the period
    commencing on the date on which a Threatened  Change in Control has occurred
    and  ending (i) on the date on which a Change in Control  has  occurred,  or
    (ii), if earlier, on whichever of the following dates is applicable:

                  (1) in the case of a Threatened Change in Control described in
              Section  1.1(n)(1),  the date as of which any Person  described in
              Section 1.1(n)(1) ceases to be the Beneficial  Owner,  directly or
              indirectly,  of securities of the Corporation representing fifteen
              percent  (15%)  or more of the  Common  Stock  or of the  combined
              voting  power  of  the   Corporation's   then-outstanding   voting
              securities, or

(2)           in the case of a Threatened Change in Control described in Section
              1.1(n)(2), the date as of which the tender offer or exchange offer
              described  in  Section   1.1(n)(2)  is   terminated   without  any
              securities  described  therein of the Corporation  being purchased
              thereunder, or

(3)           in the case of a Threatened Change in Control described in Section
              1.1(n)(3),  the date as of which any Person  described  in Section
              1.1(n)(3)  fails to effect the election  within any single  twelve
              (12)-month  period of three or more  directors,  whose election or
              nomination  is not approved by a majority of the  Incumbent  Board
              then serving as members of the Board, to serve on the Board.

              (p)   "Valuation Date" shall mean the last business day of each
    calendar quarter.

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                                    ARTICLE 2

                           Establishment of the Trusts
                           ---------------------------

       2.1 Each Company  hereby  establishes  with the Trustee,  and the Trustee
hereby  accepts,  a Trust  consisting  of such sums of money and other  property
acceptable  to the Trustee as such  Company  shall pay or deliver to the Trustee
from time to time.  All such  money  and other  property,  all  investments  and
reinvestments  made  therewith or proceeds  thereof and all earnings and profits
thereon,  less all payments  therefrom and charges thereto as authorized herein,
are hereinafter  referred to as the "Trust Fund" for such Trust. Each Trust Fund
shall be held,  administered  and disposed of by the Trustee as provided in this
Agreement.

       2.2 Prior to a Change in Control, each Trust established hereunder may be
revoked,  in whole or in part, by the  Applicable  Company giving to the Trustee
written notice of such revocation;  provided, however, that no Trust established
hereunder  may be revoked (i) at the request of a third party who has  indicated
an intention or taken steps to effect a Change in Control and who  effectuates a
Change in Control,  (ii) in connection  with, or in anticipation of, a Change in
Control which has been threatened or proposed and which actually occurs or (iii)
during a Threatened  Change in Control  Period,  any such  attempted  revocation
being null and void. If a Trust is so revoked in its entirety, all of the assets
of the Trust  (after  payment of any unpaid  fees and  expenses  of the  Trustee
properly  chargeable to such Trust) shall be  transferred  by the Trustee to the
Applicable  Company or to such other person or entity as the Applicable  Company
may  direct in  writing.  If a Trust is so revoked in part,  the  Trustee  shall
transfer  to the  Applicable  Company  such of the  assets  of the  Trust as the
Applicable  Company shall have specified in its written notice to the Trustee of
the partial revocation of such Trust. Upon a Change in Control, each Trust shall
become irrevocable.

       2.3 Each Trust established hereunder is intended to constitute a "grantor
trust",  of which the Company is the  grantor,  within the meaning of subpart E,
part I,  subchapter J, chapter 1, subtitle A of the Code, and shall be construed
accordingly.

       2.4 The principal of each Trust, and any earnings thereon,  shall be held
separate and apart from other funds of the Applicable Company, and shall be used
exclusively for the uses and purposes of Participants under such Company's Plans
and general  creditors of such Company,  as herein set forth.  Participants  and
their  Beneficiaries  shall  have  no  preferred  claim  on,  or any  beneficial
ownership interest in, any assets of

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any Trust.  Any rights created under the Plans and this Agreement  shall be mere
unsecured contractual rights of Participants and their Beneficiaries against the
Applicable Company.  Any assets held by each Trust will be subject to the claims
of the Applicable Company's general creditors under federal and state law in the
event of the  Applicable  Company's  Insolvency,  as defined  in Section  1.1(h)
herein.

       2.5 Each Trust  established  hereunder shall be maintained by the Trustee
as a separate trust. However, the assets of any Trust may be commingled with the
assets of any other Trust, solely for investment purposes.

                                    ARTICLE 3

                           Contributions and Accounts
                           --------------------------

       3.1 Prior to a Change in Control,  each Company may make contributions to
its Trust in such amounts,  and at such times,  as such Company may determine in
its sole  discretion.  Such  contributions  may be in the form of cash,  or such
other  property as may be  determined by the Company and as may be acceptable to
the Trustee.

       3.2      Required Contributions.

                3.2.1 Upon the  occurrence of a Change in Control,  each Company
shall be required to make contributions to its Trust as follows:

                  (a) Upon a Change in Control,  the Company  shall,  as soon as
         possible  but in no event  later than 30 days  following  the Change in
         Control,  make an  irrevocable  contribution  to its Trust in an amount
         that,  when  added to the  value  of the  Trust  Fund  for  such  Trust
         (exclusive of the value of the Legal  Defense Fund, if any,  maintained
         within such Trust Fund) determined as of the most recent Valuation Date
         preceding  such  contribution,  will equal the sum of (i) the aggregate
         Present Value of all Benefits accrued for all Participants under all of
         such Company's Plans determined as of the most recent Benefit Valuation
         Date  preceding the date on which the Change in Control  occurred;  and
         (ii)  the  aggregate  Present  Value  of all  other  Benefits  for  all
         Participants  under all of such Company's Plans that accrue as a result
         of the occurrence of the Change in Control,  determined as of the first
         day of the month  coincident with or immediately  following the date on
         which the Change in Control occurred.

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                  (b) Within 60 days after each Benefit Valuation Date following
         the  occurrence  of a Change in  Control,  each  Company  shall make an
         irrevocable  contribution to its Trust in an amount that, when added to
         the value of the Trust Fund for such Trust  (exclusive  of the value of
         the Legal  Defense  Fund,  if any,  maintained  within such Trust Fund)
         determined  as  of  the  most  recent  Valuation  Date  preceding  such
         contribution,  will equal the  aggregate  Present Value of all Benefits
         accrued  for  all  Participants  under  all  of  such  Company's  Plans
         determined as of such Benefit Valuation Date.

                3.2.2 Upon the  occurrence  of a  Threatened  Change in Control,
each Company shall be required to make contributions to its Trust as follows:

                  (a) Upon a Threatened Change in Control, the Company shall, as
         soon as  practicable  but in no event later than 30 days  following the
         Threatened  Change in Control,  make a contribution  to its Trust in an
         amount  that,  when added to the value of the Trust Fund for such Trust
         (exclusive of the value of the Legal  Defense Fund, if any,  maintained
         within such Trust Fund) determined as of the most recent Valuation Date
         preceding  such  contribution,  will equal the sum of (i) the aggregate
         Present Value of all Benefits accrued for all Participants under all of
         such  Company's  Plans,  determined  as  of  the  most  recent  Benefit
         Valuation  Date  preceding the date on which the  Threatened  Change in
         Control occurred;  and (ii) the aggregate Present Value,  determined as
         of the first day of the month coincident with or immediately  following
         the date on which the  Threatened  Change in Control  occurred,  of all
         other Benefits for all  Participants  under all of such Company's Plans
         that  would  have  accrued  as a result of a Change in  Control if such
         Change in  Control  had  occurred  on the date on which the  Threatened
         Change in Control occurs.

                  (b) Within 60 days after each Benefit  Valuation Date during a
         Threatened  Change  in  Control  Period,  each  Company  shall  make  a
         contribution to its Trust in an amount that, when added to the value of
         the  Trust  Fund for such  Trust  (exclusive  of the value of the Legal
         Defense Fund, if any,  maintained within such Trust Fund) determined as
         of the most recent  Valuation Date preceding  such  contribution,  will
         equal  the sum of (i)  the  aggregate  Present  Value  of all  Benefits
         accrued  for  all  Participants  under  all of  such  Company's  Plans,
         determined  as of such Benefit  Valuation  Date and (ii) the  aggregate
         Present  Value,  determined as of such Benefit  Valuation  Date, of all
         other Benefits for all  Participants  under all of such Company's Plans
         that would have accrued as a result of a Change in Control, if such

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         Change in Control had occurred on such Benefit Valuation Date.

         3.3  Upon,  or at any time  prior  to,  the  occurrence  of a Change in
Control or a Threatened Change in Control, each Company shall direct the Trustee
in writing to establish and maintain,  within the Trust Fund for such  Company's
Trust, a separate account (hereinafter referred to as a "Plan Account") for each
of the  Company's  Plans,  and to establish  and maintain  within each such Plan
Account  a  separate  sub-account  (hereinafter  referred  to as a  "Participant
Account")  for each  Participant  of such  Plan.  Each  such  Plan  Account  and
Participant  Account shall have as its initial  balance the amount  specified as
the initial balance for such Account in the written  direction  furnished by the
Applicable  Company to the Trustee to establish such  Account.The  Trustee shall
hold all Plan Accounts and Participant Accounts maintained within the Trust Fund
for any Trust as a single consolidated fund.

         3.4 After Plan Accounts and Participant  Accounts have been established
within the Trust Fund of any Company's Trust,  each contribution that is made to
such Trust prior to a Change in Control but not during any Threatened  Change in
Control  Period shall be allocated by the Trustee to the Plan  Accounts,  and to
the  Participant  Accounts,  maintained  within such Trust in such manner as the
Applicable Company directs in written  instructions  delivered by the Applicable
Company to the Trustee at the time of the contribution.

         3.5 As of each  Valuation  Date, the Trust Fund for each Trust shall be
revalued by the Trustee at its then current fair market value,  as determined by
the Trustee.  After Plan Accounts and Participant Accounts have been established
within the Trust Fund of any Company's Trust, the net investment  income,  gains
and losses of such Trust Fund for each calendar year that ends prior to a Change
in Control but not during a Threatened  Change in Control  shall be allocated by
the Trustee,  as of the last Valuation  Date  occurring in such year,  among the
Plan Accounts and  Participant  Accounts  maintained  within such Trust Fund, in
such manner as such Company shall specify in written  instructions  furnished by
it to the Trustee.  As of each  Valuation  Date  following  the  occurrence of a
Change in Control,  or that falls within a Threatened  Change in Control Period,
the net investment income,  gains and losses of each Trust Fund for the calendar
year  ending  on  such   Valuation  Date  shall  be  allocated  by  the  Trustee
proportionately  among the Plan  Accounts and  Participant  Accounts  maintained
within  such  Trust  Fund,  based  on  the  value  of  such  Accounts  as of the
immediately preceding Valuation Date or, if such Accounts were established after
such  Valuation  Date,  based on the  amount  of the  initial  balances  of such
Accounts as

                                       12

<PAGE>

determined under Section 3.3. In making the foregoing  allocation,  the value of
Plan Accounts and Participant Accounts in existence on the immediately preceding
Valuation  Date but not in  existence  on the  current  Valuation  Date shall be
disregarded.  The net investment income,  gains and losses of any Trust Fund for
any year to be allocated among Plan Accounts and Participant  Accounts  pursuant
to this Section 3.5 shall not include such portions of the total net  investment
income, gains and losses of such Trust Fund for such year as are attributable to
the Legal Defense Fund maintained within such Trust Fund pursuant to Article 5.

         3.6 Notwithstanding the provisions of Sections 3.4 and 3.5, the Trustee
shall adjust the balances of the Plan Accounts and/or the  Participant  Accounts
maintained  within  the Trust Fund of any  Company's  Trust at such times and in
such manner as such Company specifies in written  instructions  delivered to the
Trustee, but only if such instructions are delivered to the Trustee prior to the
occurrence  of a Change in  Control  and not  during  any  Threatened  Change in
Control Period.

         3.7 Any  contribution  made  by a  Company  to its  Trust  pursuant  to
Sections 3.2.1(a), 3.2.1(b), 3.2.2(a) or 3.2.2(b) shall be allocated to the Plan
Accounts  maintained under such Trust in proportion to the respective amounts by
which the aggregate  Present  Value of all Benefits  accrued (or, in the case of
contributions made under clause (ii) of Section 3.2.2(a) or 3.2.2(b),  deemed to
have  accrued)  for all  Participants  under  each  of the  Plans  in  question,
determined as of the dates specified in Sections 3.2.1(a), 3.2.1(b), 3.2.2(a) or
3.2.2(b),  exceeds the balance of the Plan  Account  maintained  hereunder  with
respect to each such  Plan,  determined  as of the  Valuation  Date  immediately
preceding  the date of such  contribution.  The amount so  allocated to any Plan
Account shall be further allocated to the Participant Accounts maintained within
such Plan Account in proportion to the  respective  amounts by which the Present
Value of the  Benefits  accrued  (or,  in the case of  contributions  made under
clause (ii) of Section  3.2.2(a) or 3.2.2(b),  deemed to have  accrued) for each
Participant under the Plan in question,  determined as of the dates specified in
Sections 3.2.1(a),  3.2.1(b),  3.2.2(a) or 3.2.2(b),  exceeds the balance of the
Participant  Account  maintained  for  such  Participant,  determined  as of the
Valuation Date immediately preceding the date of such contribution. For purposes
of  the  foregoing,  if a Plan  Account  or a  Participant  Account  was  not in
existence on the Valuation Date immediately preceding the date of a contribution
made by a Company to its Trust pursuant to Section 3.2.1(a),  3.2.1(b), 3.2.2(a)
or 3.2.2(b),  the balance of such Account  shall be the initial  balance of such
Account as determined under Section 3.3.

                                       13

<PAGE>

         3.8 The  determinations of the Present Value of Benefits required to be
made hereunder as of any Benefit Valuation Date, or other date,  occurring prior
to a Change in Control  shall be made by an  enrolled  actuary  selected  by the
Applicable  Companies.  As soon as practicable after each such determination has
been made, each Company shall furnish the Trustee with a schedule  setting forth
the Present  Value so  determined  of the Benefits  accrued (or, if  applicable,
deemed to have accrued) for each Participant  under each of the Company's Plans.
The  determinations  of the  Present  Value  of  Benefits  required  to be  made
hereunder as of any Benefit  Valuation  Date, or other date,  occurring  after a
Change in Control shall be made by an enrolled  actuary selected by the Trustee.
In making any allocation of contributions  the Trustee is required to make under
Section 3.7, the Trustee shall be entitled to rely, and shall be fully protected
in relying,  on any written  determination  of the Present  Value of any Benefit
furnished to it in accordance with the provisions of this Section 3.8. In making
any allocation of net investment income, gains and losses pursuant to the second
sentence of Section  3.5,  and in making any  adjustments  to the balance of any
Plan Account or Participant  Account  pursuant to Section 3.6, the Trustee shall
be entitled to rely,  and shall be fully  protected  in relying,  on any written
instructions furnished to it by the Applicable Company.

                                    ARTICLE 4

                   Payments to Participants and Beneficiaries
                   ------------------------------------------

         4.1 Prior to a Change in Control,  the Trustee shall make payments from
the Trust Fund for any Trust to such  Participants  and  Beneficiaries,  in such
manner,  at such times,  and in such amounts,  as the  Applicable  Company shall
direct in written instructions delivered to the Trustee.

         4.2 After a Change in Control, the Trustee shall make payments from the
Trust Fund of any trust to Participants and Beneficiaries in accordance with the
following provisions:

         (a)     Prior to a Change in Control, each Company shall deliver to the
Trustee a schedule ("Payment Schedule") substantially in the form annexed hereto
as Exhibit C for each  Participant  of each Plan whose  Benefits under such Plan
may be paid from such  Company's  Trust after a Change in  Control.  The Payment
Schedule shall

                  (i)    describe the events that must occur in order for the
         Participant's Benefits to become payable under the terms of the Plan;

                                       14

<PAGE>

                 (ii) specify the amount of the  Participant's  Benefits accrued
         under  the  Plan,  as of the  date on which  the  Payment  Schedule  is
         furnished  to  the  Trustee,  and  provide  a  formula  or  such  other
         instructions  as will enable the Trustee to determine the amount of the
         Participant's  Benefits  as of the time they become  payable  under the
         terms of the Plan;

                (iii)     specify the form in which the Participant's Benefits
         are to be paid, as provided for or available under the Plan;

                 (iv)    specify the time of commencement for payment of the
         Participant's Benefits under the Plan; and

                  (v) specify the  address and social  security  number of the
         Participant as well as the name,  address,  social  security number and
         relation to the Participant of the Participant's Beneficiary.

         Prior to a Change in Control  the  Applicable  Company may from time to
time  substitute  a new  Payment  Schedule  for, or amend,  an existing  Payment
Schedule by delivering a new or amended  Payment  Schedule to the Trustee.  Upon
receipt of such new or amended Payment  Schedule,  the previous Payment Schedule
shall be deemed  revoked.  Prior to a Change in Control,  any  Payment  Schedule
previously  filed with the Trustee may be revoked by the  Applicable  Company by
filing written notice of such revocation  with the Trustee without  delivering a
new or amended Payment Schedule to the Trustee.  Notwithstanding  the foregoing,
no Payment  Schedule  may be  amended  or  revoked  after a Change in Control or
during a Threatened Change in Control Period;  provided,  however, that during a
Threatened  Change in  Control  Period,  a Payment  Schedule  with  respect to a
Participant's  Benefits  under  any Plan may be  amended  so as to  reflect  any
amendment to the Plan made during such Threatened  Change in Control Period that
has the effect of increasing  the amount of the Benefits  payable under the Plan
with respect to the Participant,  or that permits payment of such Benefits to be
made in a form, or to commence at a time,  more favorable to the  Participant or
his or her Beneficiary  than as provided under the Plan prior to such amendment.
Except as  otherwise  provided  herein,  after a Change in Control,  the Trustee
shall make payments with respect to a Participant's Benefits under any Plan only
in  accordance  with the Payment  Schedule  with  respect to such  Participant's
Benefits under such Plan that is on file with the Trustee, and that has not been
revoked, at the time such payments are to be made.

         (b)      Any Participant or Beneficiary seeking to obtain payments from
the Trust Fund for any Trust after a Change in

                                       15

<PAGE>

Control  shall  first file with the  Trustee a written  request  for  payment in
substantially  the form annexed hereto as Exhibit D ("Payment Request Form"). In
the Payment Request Form so filed, the Participant or Beneficiary shall

                    (i)  identify the Plan or Plans under which the Participant
         or Beneficiary has become entitled to payment of Benefits;

                   (ii)  describe  the events that  entitle the  Participant  or
         Beneficiary to receive  payment of Benefits under the terms of the Plan
         or Plans, and affirm under oath that such events have occurred;

                  (iii) affirm  under oath that no amount of the  Benefits  with
         respect to which  payment from the Trust Fund is sought was  previously
         paid by the Applicable Company; and

                   (iv) provide such information (including, without limitation,
         information as to the Participant's period of service, compensation and
         conditions of employment  after a Change in Control) as will enable the
         Trustee to determine the amount of the Benefits that the Participant or
         Beneficiary  is  entitled  to receive in  accordance  with the  Payment
         Schedules  furnished to the Trustee  with respect to the  Participant's
         Benefits under the Plan or Plans.

In  the  case  of any  Beneficiary  seeking  payments  from a  Trust  Fund,  the
Beneficiary shall furnish to the Trustee, along with the Payment Request Form, a
certified copy of the death  certificate of the Participant,  an inheritance tax
waiver  and  such  other  documents  as  the  Trustee  may  reasonably  require,
including, without limitation, certified copies of letters testamentary. For all
purposes  under  this  Agreement,  the  Trustee  may  rely,  and  shall be fully
protected in relying,  on the information  contained in any Payment Request Form
(and in any documents  accompanying  such form) filed with it by any Participant
or Beneficiary.

         (c) As soon as practicable  after a Payment Request Form has been filed
with  it by a  Participant  or  Beneficiary,  the  Trustee,  solely  out  of the
applicable  Trust Fund and with no  obligation  otherwise to make any  payments,
shall make payments to such  Participant or  Beneficiary in such manner,  and at
such times, and in such amounts, as the Trustee shall determine to be payable to
such  Participant or  Beneficiary  under the relevant Plan or Plans based on the
most recent Payment Schedules  applicable to the Participant or Beneficiary that
were  furnished to the Trustee by the  Applicable  Company  prior to a Change in
Control,  and on the  information  contained in the Payment Request Form (and in
any

                                       16

<PAGE>

documents  accompanying such Form) filed by the Participant or Beneficiary.  The
Trustee is authorized to retain an enrolled  actuary to assist it in determining
the amount of any Benefits payable to any Participant or Beneficiary pursuant to
any Payment Request Form or Payment  Schedules filed by or for such  Participant
or Beneficiary  and, in any case in which a Participant or Beneficiary has filed
a Payment  Request  Form with  respect to  Benefits  under any Plan for which an
unrevoked  Payment  Schedule  is not on file with the  Trustee,  to assist it in
determining such  Participant's  or Beneficiary's  entitlement to Benefits under
such Plan.  For all purposes  under this  Agreement,  the Trustee may rely,  and
shall be fully  protected in relying,  on any advice given to it by such actuary
as  to  the  amount  of  Benefits  payable   hereunder  to  any  Participant  or
Beneficiary.

         (d) Following the occurrence of a Change in Control,  the Trustee shall
make provision for the reporting and withholding of any federal,  state or local
taxes  that may be  required  to be  withheld  with  respect  to the  payment of
Benefits to be made from any Trust pursuant to the terms of this Agreement,  and
shall pay  amounts  withheld  by it to the  appropriate  taxing  authorities  or
determine that the amounts required to be withheld with respect to such payments
have been  reported,  withheld and paid by the  Applicable  Company.  Prior to a
Change in Control,  the Trustee shall report and withhold any federal,  state or
local taxes that may be required to be withheld  with  respect to any payment of
Benefits  to be made from any Trust  pursuant  to Section  4.1,  but only to the
extent that the Applicable Company has furnished to the Trustee,  in the written
instructions  delivered to the Trustee  pursuant to Section 4.1  directing it to
make such payment,  the amount of the federal,  state or local taxes required to
be withheld with respect to such payment. The Trustee shall be entitled to rely,
and shall be fully protected in relying, upon the information so furnished to it
as to the amount of taxes to be withheld.

         4.3 The  entitlement  of a Participant or Beneficiary to Benefits under
any Plan shall be  determined by the  Applicable  Company or such other party as
may have been  designated  under the Plan, and any claim for such Benefits shall
be  considered   and  reviewed  under  the  procedures  set  out  in  the  Plan.
Notwithstanding  the foregoing,  after a Change in Control,  any  Participant or
Beneficiary for whom any unrevoked  Payment Schedule is on file with the Trustee
at the time of the Change in Control  shall be  presumed  conclusively,  for all
purposes of this  Agreement,  to be  entitled  to any  Benefit  that the Trustee
determines to be payable to such  Participant or Beneficiary on the basis of the
information  contained in such Payment  Schedule and in any Payment Request Form
filed by the  Participant or  Beneficiary;  and in such case, the provisions set
forth in the

                                       17

<PAGE>

immediately preceding sentence shall apply only with respect to any claim by the
Participant  or  Beneficiary  for Benefits that are in addition to, or in excess
of,  the  Benefits  that the  Trustee  has so  determined  to be  payable to the
Participant or Beneficiary.

         4.4 Each payment made from the Trust Fund for any Trust with respect to
a Participant's Benefits under any Plan shall be payable only from, and shall be
charged against, the Plan Account maintained within such Trust Fund with respect
to such Plan and the Participant Account maintained within such Plan Account for
the applicable  Participant.  Notwithstanding  any other provision herein to the
contrary,  the Trustee shall not make a payment with respect to a  Participant's
Benefits  under any Plan to the extent that the amount of the payment  otherwise
required to be made  exceeds  the amount then held in the Plan  Account for such
Plan or the amount then held in the Participant  Account established within such
Plan Account for the applicable Participant.

         If, because of the provisions of this Section 4.4, any amount otherwise
required to be paid by the Trustee to a Participant or Beneficiary  with respect
to a Participant's  Benefits under any Plan cannot be paid by the Trustee,  such
amount  shall  be paid  to the  Participant  or  Beneficiary  by the  Applicable
Company.

         4.5 At such time after a Change in Control as the  aggregate  amount of
the payments made hereunder from the Participant  Account  maintained within any
Plan Account for any Participant shall equal the maximum amount that may be paid
from such Participant Account pursuant to the most recent Payment Schedule filed
with respect to such  Participant's  Benefits  under the Plan in  question,  the
balance  then  remaining in such  Participant  Account  shall be  allocated  and
credited,  on a pro rata basis,  to all other  Participant  Accounts  maintained
within  such  Plan  Account,  based  on the  respective  values  of  such  other
Participant  Accounts  determined as of the most recent Valuation Date preceding
the date as of which such allocation is made.

         At such time after a Change in Control as the  aggregate  amount of the
payments made from any Plan Account  shall equal the maximum  amount that may be
paid from such Plan Account pursuant to the most recent Payment  Schedules filed
with  respect  to  Participants'  Benefits  under the Plan for  which  such Plan
Account was  established,  the balance then remaining in such Plan Account shall
be allocated and credited,  on a pro rata basis,  to all other Plan Accounts and
Participant  Accounts  maintained  within  the  same  Trust  Fund,  based on the
respective  values  of  such  other  Plan  Accounts  and  Participant   Accounts
determined as of the most

                                       18

<PAGE>

recent Valuation Date preceding the date as of which such allocation is made.

         4.6  Notwithstanding  any  other  provision  of this  Agreement  to the
contrary, if at any time any Trust is finally determined by the Internal Revenue
Service (the "IRS") not to be a "grantor trust," with the result that the income
of such Trust is not  treated as income of the  Applicable  Company  pursuant to
Sections 671 through 679 of the Code, such Trust shall immediately terminate and
the amounts  allocated to each Plan Account and Participant  Account within such
Trust shall be paid in a cash lump sum as soon as  practicable by the Trustee to
the Participants  for whom such Accounts were maintained.  If any Company should
receive  notice of such final  determination  from the IRS,  such Company  shall
promptly furnish written notice of such final determination to the Trustee.

         4.7  Notwithstanding  any  other  provision  of this  Agreement  to the
contrary, if the IRS should finally determine that any amounts held in any Trust
are includible in the gross income of any  Participant  or Beneficiary  prior to
payment  of  such  amounts  from  the  Trust,  the  Trustee  shall,  as  soon as
practicable,  pay such  amounts to such  Participant  or  Beneficiary  from such
Trust.  For purposes of this Section 4.7, the Trustee  shall be entitled to rely
on an  affidavit  by a  Participant  or  Beneficiary  to the effect  that such a
determination has occurred.

         4.8 Each Company may make payment of Benefits  directly to Participants
or their  Beneficiaries  as they  become  due under the terms of the  Applicable
Plans.  After a Change in Control,  a Company  that  decides to make  payment of
Benefits  directly  shall notify the Trustee in writing of its decision prior to
the time  amounts are payable to the  Participants  or their  Beneficiaries.  In
addition,  each Company shall remain primarily liable to pay all of the Benefits
provided for under its Plans,  to the extent such  Benefits are not payable from
such Company's Trust pursuant to this Agreement.  Accordingly,  if the principal
of the Applicable  Company's Trust, and any earnings thereon, are not sufficient
to make  payments  of Benefits in  accordance  with the terms of such  Company's
Plans,  the Company shall make the balance of each such payment as it falls due.
The Trustee shall notify the Applicable  Company in writing where  principal and
earnings of the Company's Trust are not sufficient.

                                       19

<PAGE>

                                    ARTICLE 5

                               Legal Defense Fund
                               ------------------

         5.1 On the written direction of a Company,  the Trustee shall establish
within the Trust Fund for such  Company's  Trust a  separate  fund,  hereinafter
referred to as a "Legal  Defense  Fund".  A Company's  Legal  Defense Fund shall
consist of such portions of its  contributions to its Trust as the Company shall
specify in writing at the time of contribution,  together with all income, gains
and losses and proceeds from the investment, reinvestment and sale thereof, less
all payments  therefrom  and expenses  charged  thereto in  accordance  with the
provisions  of this Article 5. Subject to Article 6, a Company's  Legal  Defense
Fund shall be held and  administered by the Trustee  exclusively for the purpose
of defraying the costs and expenses  incurred by the Trustee in  performing  its
duties under Sections 5.3 and 5.4.

         5.2 administered as a separate segregated account,  provided,  however,
that the  assets  of any Legal  Defense  Fund may be  commingled  with all other
assets of the same  Trust,  and with the assets of any other  Trust,  solely for
investment purposes.

         5.3 If at  any  time  after  a  Change  in  Control  a  Participant  or
Beneficiary  notifies the Trustee in writing that a Company has refused to pay a
claim asserted by such  Participant  or Beneficiary  under any of such Company's
Plans, the Trustee shall promptly review such claim and determine whether it has
any basis in law and fact. If the Trustee determines that the claim has no basis
in law and fact, the Trustee shall notify the Participant or Beneficiary of such
determination,  and thereafter  shall take no further action with respect to the
claim.  If the Trustee  determines that there is a basis in law and fact for the
Participant's  or  Beneficiary's  claim,  the Trustee  shall take the  following
actions to assist the Participant or Beneficiary  (hereafter  referred to as the
"Claimant") to recover on such claim:

                  (a) The Trustee shall  promptly  attempt to negotiate with the
         Applicable  Company to obtain payment,  settlement or other disposition
         of the claim, subject to the Claimant's consent.

                  (b)  If  (i)   negotiations   fail  after  60  days  of  their
         commencement  to result in a payment,  settlement or other  disposition
         acceptable  to the  Claimant,  (ii) the Trustee at any time  reasonably
         believes that further  negotiations would not be in the Claimant's best
         interest or (iii) any applicable statute of limitations would otherwise
         expire within 60 days, the Trustee shall advise the Claimant of

                                       20

<PAGE>

         such fact.  Thereupon,  the Claimant  may, by filing with the Trustee a
         written  authorization  in  substantially  the form attached  hereto as
         Exhibit  E,  direct  the  Trustee  to  institute  and  maintain   legal
         proceedings  (the  "Litigation")  against  the  Applicable  Company  to
         recover on the claim on behalf of the Claimant.

                  (c) The Trustee shall direct the course of any  Litigation and
         shall  keep the  Claimant  informed  of the  progress  thereof  at such
         intervals as the Trustee deems appropriate, but no less frequently than
         quarterly.  The Trustee shall have the discretion to determine the form
         and nature that any Litigation shall take, and the procedural rules and
         laws  applicable to such Litigation  shall  supersede any  inconsistent
         provision of this Agreement.

                  (d) If the Claimant  directs in writing that the Litigation be
         settled or discontinued,  the Trustee shall take all appropriate action
         to  follow  such  direction,   provided  that  such  written  direction
         specifies the terms and conditions of the settlement or  discontinuance
         and provided  further that the  Claimant,  if requested to do so by the
         Trustee,  executes  and  delivers  to the  Trustee a document in a form
         acceptable to the Trustee releasing the Trustee and holding it harmless
         from any liability resulting from its following such direction.  If the
         Claimant refuses to consent to a settlement or other disposition of the
         Litigation on terms recommended in writing by the Trustee,  the Trustee
         may proceed, in its sole and absolute  discretion,  to take such action
         as it deems  appropriate  in the  Litigation,  including  settlement or
         discontinuance of the Litigation;  provided,  however, that the Trustee
         shall afford the Claimant at least 14 days'  advance  notice in writing
         of any decision by the Trustee to settle or otherwise  discontinue  the
         Litigation.

                  (e) A Claimant may at any time revoke the authorization of the
         Trustee to continue any  Litigation  on his behalf by delivering to the
         Trustee a written  revocation  in  substantially  the form  attached as
         Exhibit F  hereto,  and  notifying  the  Trustee  in  writing  that the
         Claimant has appointed his own counsel  (whose fees and expenses  shall
         not be paid from any Legal  Defense  Fund) to represent the Claimant in
         the  Litigation  in lieu of counsel  retained by the Trustee.  Upon the
         Trustee's receipt of such revocation and notice, the Trustee shall have
         no  obligation  to  proceed  further on behalf of the  Claimant  in the
         Litigation,  or to pay any costs or expenses incurred in the Litigation
         after the date on which such  revocation and notice is delivered to the
         Trustee.

                                       21

<PAGE>

                  (f) The Trustee shall be empowered to retain counsel and other
         appropriate experts, including actuaries and accountants,  to assist it
         in making any  determination  under this  Section  5.3, in  determining
         whether  to  pursue,  settle  or  discontinue  any  Litigation,  and to
         prosecute  and maintain any such  Litigation on behalf of any Claimant.
         Notwithstanding  the  foregoing,  each  Company,  prior to a Change  in
         Control,  may  designate  in writing  the counsel to be retained by the
         Trustee  after a Change in Control to assist in enforcing the rights of
         Claimants  under such Company's Plans in accordance with the provisions
         of this Section 5.3. If the counsel so  designated  declines to provide
         representation,  or if such  counsel's  representation  would involve a
         conflict  of  interest  with  the  Trustee,  or if the  Trustee  is not
         satisfied with the quality of representation  provided, the Trustee may
         dismiss such  counsel and engage  another  qualified  law firm for this
         purpose; provided, however, that any law firm so engaged may not be the
         same law firm that represents any Company after a Change in Control. No
         Company  may dismiss or engage  such  counsel,  or cause the Trustee to
         engage or dismiss such counsel, after a Change in Control.

                  (g)  All  costs  and  expenses  incurred  by  the  Trustee  in
         connection  with the  performance of its duties under this Section 5.3,
         including,  without  limitation,  the payment of reasonable fees, costs
         and  disbursements  of any  counsel,  actuaries,  accountants  or other
         experts  retained by the Trustee  pursuant to Section 5.3(f),  shall be
         charged to and paid from the Applicable Company's Legal Defense Fund.

                  (h) Notwithstanding any provision herein to the contrary,  the
         Trustee  shall be required to act under this  Section  5.3,  including,
         without limitation,  instituting or continuing any Litigation,  only to
         the extent there are  sufficient  amounts  available in the  Applicable
         Company's  Legal  Defense  Fund to defray  the costs and  expenses  the
         Trustee reasonably anticipates will be incurred in connection with such
         action.  If, at any time  after a Claimant  has filed a written  notice
         with the Trustee under Section 5.3(a) the Trustee determines that there
         will  not be  sufficient  amounts  in the  Applicable  Company's  Legal
         Defense  Fund to defray  such costs and  expenses,  the  Trustee  shall
         promptly advise the Claimant of such fact.  Unless within 30 days after
         it has given such notice to the Claimant the Trustee  receives from the
         Claimant  assurances,  in  such  form  as  may be  satisfactory  to the
         Trustee,  that any costs and expenses in excess of amounts available in
         the Applicable

                                       22

<PAGE>

         Company's Legal Defense Fund will be paid by the Claimant,  the Trustee
         shall have no  obligation  to take any further  action on behalf of the
         Claimant  pursuant to this Section 5.3;  and, if a Litigation on behalf
         of the  Claimant is then  pending,  the Trustee  may  discontinue  such
         Litigation on such terms and conditions as it deems  appropriate in its
         sole discretion.

         5.4 If, at any time after a Change in  Control  or during a  Threatened
Change in Control Period, legal proceedings are brought against the Trustee by a
Company or other  party  seeking to  invalidate  any of the  provisions  of this
Agreement as they relate to a Company's  Trust, or seeking to enjoin the Trustee
from paying any amounts from any Trust or from taking any other action otherwise
required or  permitted  to be taken by the  Trustee  under this  Agreement  with
respect to any Trust,  the Trustee shall take all steps that may be necessary in
such proceeding to uphold the validity and  enforceability  of the provisions of
this Agreement as they relate to such Trust. All costs and expenses  incurred by
the  Trustee  in  connection  with  any  such  proceeding  (including,   without
limitation,  the payment of  reasonable  fees,  costs and  disbursements  of any
counsel,  actuaries,  accountants  or other  experts  retained by the Trustee in
connection  with  such  proceeding)  shall  be  charged  to and  paid  from  the
Applicable  Company's  Legal Defense Fund. Any costs and expenses so incurred by
the Trustee in excess of amounts  available in the  Applicable  Company's  Legal
Defense  Fund  shall be  charged  to and  paid  from the  other  assets  of such
Company's  Trust.  Any such  excess  costs  and  expenses  so  charged  shall be
allocated  to  the  Plan  Accounts  maintained  within  such  Trust,  and to the
Participant Accounts maintained within such Plan Accounts,  on a pro rata basis.
Notwithstanding  any  provision  herein to the  contrary,  the Trustee  shall be
required to act under this Section 5.4 only to the extent  there are  sufficient
amounts  available  in the  Applicable  Company's  Trust to defray the costs and
expenses the Trustee reasonably  anticipates will be incurred in connection with
such action.

         5.5 Each  Company's  Legal  Defense Fund shall  continue to be held and
administered by the Trustee for the purposes described in Section 5.1 until such
time as all Benefits to which all  Participants  are entitled  under all of such
Company's  Plans  shall  have  been paid in full to such  Participants  or their
Beneficiaries.  Any balance  then  remaining in a Company's  Legal  Defense Fund
shall be distributed to such Company.

                                       23

<PAGE>

                                    ARTICLE 6

                                   Insolvency
                                   ----------

         6.1 The  Trustee  shall  cease  making  payment  hereunder  of Benefits
payable to Participants and their Beneficiaries pursuant to a Company's Plans if
the Company is Insolvent.

         6.2 At all times during the  continuance of each Trust,  as provided in
Section 2.4 hereof,  the  principal  and income of the Trust shall be subject to
claims of general  creditors of the  Applicable  Company under federal and state
law as set forth below:

                  (a) The Board of Directors and Chief Executive Officer of each
        Company  shall  have the duty to inform  the  Trustee in writing of such
        Company's Insolvency. If a person claiming to be a creditor of a Company
        alleges  in  writing  to  the  Trustee  that  such  Company  has  become
        Insolvent,  the Trustee shall determine whether the Company is Insolvent
        and, pending such  determination,  the Trustee shall discontinue  making
        payment from such Company's Trust to Participants and Beneficiaries.

                  (b) Unless the  Trustee  has actual  knowledge  of a Company's
         Insolvency,  or has received notice from a Company or a person claiming
         to  be a  creditor  of  such  Company  alleging  that  the  Company  is
         Insolvent,  the  Trustee  shall  have no duty to  inquire  whether  the
         Company  is  Insolvent.  The  Trustee  may in all  events  rely on such
         evidence  concerning  a Company's  solvency as may be  furnished to the
         Trustee and that  provides  the  Trustee  with a  reasonable  basis for
         making a determination concerning the Company's solvency.

                  (c) If at any time the Trustee has  determined  that a Company
         is Insolvent,  the Trustee shall discontinue  making payments from such
         Company's Trust to Participants and their  Beneficiaries and shall hold
         the  assets of such  Trust for the  benefit  of the  Company's  general
         creditors.  Nothing in this  Agreement  shall in any way  diminish  any
         rights of Participants or their Beneficiaries to pursue their rights as
         general  creditors of the  Applicable  Company with respect to Benefits
         due under the Company's Plans or otherwise.

                  (d) The Trustee shall resume  making  payment from a Company's
         Trust of Benefits to Participants or their  Beneficiaries in accordance
         with  Article 4 of this  Trust  Agreement  only after the  Trustee  has
         determined  that  the  Company  is  not  Insolvent,  or  is  no  longer
         Insolvent.

                                       24

<PAGE>

         6.3  Provided  that  there  are  sufficient   assets,  if  the  Trustee
discontinues  the  payment of  Benefits  from any Trust  pursuant to Section 6.2
hereof and subsequently resumes such payments,  the first payment following such
discontinuance  shall  include  the  aggregate  amount  of all  payments  due to
Participants or their Beneficiaries under the terms of the Applicable  Company's
Plan for the period of such  discontinuance,  less the  aggregate  amount of any
payments made to Participants or their  Beneficiaries  by the Company in lieu of
the payments provided for hereunder during any such period of discontinuance.

                                    ARTICLE 7

                               Payments to Company
                               -------------------

         7.1 Prior to a Change in Control (but not during a Threatened Change in
Control  Period),  a Company may, by written  notice to the Trustee,  direct the
Trustee to pay to such Company,  out of the Trust Fund for such Company's Trust,
such amount as is  specified in the notice.  Any such notice  shall  specify the
Plan Accounts and the Participant  Accounts, if any, which shall be debited with
respect to such payment. If the amount that would remain in the Trust Fund after
any such payment  would be less than the unpaid fees and expenses of the Trustee
properly  chargeable  to such Trust  Fund,  the Trustee may deduct such fees and
expenses from the payment that otherwise would be made to the Company.

         7.2 Except as  provided  in Article 6 hereof,  during  such time as the
Trust is  irrevocable,  the  Applicable  Company shall have no right or power to
direct the  Trustee  to return to the  Company or to divert to others any of the
Trust assets before all payment of Benefits have been made to  Participants  and
their Beneficiaries pursuant to the terms of the Company's Plans.

                                    ARTICLE 8

                 Investment Authority and Disposition of Income
                 ----------------------------------------------

         8.1 Except as  otherwise  provided in Sections  8.2,  8.4, and 8.5, the
Trustee,  prior to a Change in Control,  shall invest and reinvest the assets of
each Trust, in its sole  discretion,  in such investments as may be permitted in
accordance with any written  investment  guidelines that may be delivered to the
Trustee from time to time by the  Applicable  Company and that are acceptable to
the Trustee or, at any time when no such investment guidelines are in effect, in
Permitted Investments.

                                       25

<PAGE>

         8.2 Prior to a Change in  Control,  the  Applicable  Company may in its
sole  discretion  appoint an investment  manager to manage the investment of any
part or all of the  Trust  Fund for any  Trust.  The  Applicable  Company  shall
promptly  inform the Trustee in writing of any such  appointment,  shall furnish
the  Trustee  with a copy of the  instrument  pursuant  to which any  investment
manager  is so  appointed,  and shall  inform  the  Trustee in writing as to the
specific  portions  of the Trust  Fund for its Trust that will be subject to the
management of such investment manager.  During the term of any such appointment,
the investment manager shall have the sole responsibility for the investment and
reinvestment  of that  portion  of any  Trust  Fund  subject  to its  investment
management,  and the Trustee shall have no responsibility for, or liability with
respect to, the investment of such portion of such Trust Fund.

         In exercising  the powers  granted to it  hereunder,  the Trustee shall
follow the directions of any  investment  manager with respect to the portion of
any Trust Fund subject to management by such investment manager.  All directions
given by an investment manager to the Trustee shall be in writing,  signed by an
officer (or a partner) of the  investment  manager,  or by such other  person or
persons as may be  designated  by an officer  (or a partner)  of the  investment
manager.  The  investment  manager may directly place orders for the purchase or
sale  of  securities,  subject  to such  conditions  as may be  approved  by the
Applicable Company in authorizing the investment manager to effect  transactions
directly  with respect to the portion of the Trust Fund for any Trust subject to
its management,  provided that the Trustee shall nevertheless  retain custody of
the assets comprising such portion of the Trust Fund.

         The Applicable  Company,  by written notice to the Trustee,  may at any
time terminate its  appointment of any investment  manager.  In such event,  the
Applicable  Company shall either appoint a successor  investment manager for the
portion of the Trust Fund in question,  or direct that such portion of the Trust
Fund thereafter be invested and reinvested by the Trustee in accordance with the
provisions  of Section 8.1.  Until receipt of such written  notice,  the Trustee
shall be fully protected in relying upon the most recent prior written notice of
appointment of an investment manager.

         8.3  After a Change  in  Control,  the  Trustee  shall  have  exclusive
authority and discretion to manage and control the  investment and  reinvestment
of the Trust Fund for each  Trust;  provided,  however,  that the Trust Fund for
each Trust shall be so invested and reinvested only in Permitted Investments.

                                       26

<PAGE>

         8.4 In no event may the assets of any Trust be invested  in  securities
(including  stock or  rights to  acquire  stock)  or  obligations  issued by any
Company,  other than a de minimis amount held in common  investment  vehicles in
which the Trustee invests. All rights associated with assets of each Trust shall
be exercised by the Trustee or an  Investment  Manager  appointed  under Section
8.2, and shall in no event be exercisable by or rest with Participants.

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

                                    ARTICLE 9

                      General Powers and Duties of Trustee
                      ------------------------------------

         In addition to the other powers granted to it under this Agreement, the
Trustee  shall  have the  following  administrative  powers and  authority  with
respect to the property comprising the Trust Fund for each Trust:

                  (a) To sell,  exchange or transfer any such property at public
         or  private  sale for  cash or on  credit  and  grant  options  for the
         purchase or exchange thereof,  including call options for property held
         in the Trust Fund and put  options for the  purchase of such  property,
         including, without limitation, at any time to sell any asset other than
         cash held in the Trust Fund to pay Benefits if there is not  sufficient
         cash in the Trust Fund to pay Benefits.

                  (b)  To   participate   in   any   plan   of   reorganization,
         consolidation,  merger, combination,  liquidation or other similar plan
         relating  to any such  property,  and to  consent to or oppose any such
         plan  or any  action  thereunder,  or any  contract,  lease,  mortgage,
         purchase, sale or other action by any corporation or other entity.

                  (c)  To  deposit  any  such  property  with  any   protective,
         reorganization or similar committee; to delegate discretionary power to
         any such committee; and to pay part of the expenses and compensation of
         any such  committee  and any  assessments  levied  with  respect to any
         property so deposited.

                                       27

<PAGE>

                  (d) To exercise any conversion privilege or subscription right
         available in connection with any such property; to oppose or to consent
         to the  reorganization,  consolidation,  merger or  readjustment of the
         finances of any  corporation,  company or association,  or to the sale,
         mortgage,  pledge or lease of the property of any corporation,  company
         or  association  of any of the  securities  of which may at any time be
         held in the  Trust  Fund  and to do any  act  with  reference  thereto,
         including  the  exercise  of  options,  the  making  of  agreements  or
         subscriptions   and   the   payment   of   expenses,   assessments   or
         subscriptions, which may be deemed necessary or advisable in connection
         therewith,  and to hold and retain  any  securities  or other  property
         which it may so acquire.

                  (e) To commence or defend  suits or legal  proceedings  and to
         represent  the  Trust in all  suits or legal  proceedings;  to  settle,
         compromise or submit to arbitration,  any claims, debts or damages, due
         or owing to or from the Trust.

                  (f) To exercise,  personally or by general or limited power of
         attorney,  any right,  including the right to vote,  appurtenant to any
         securities or other such property.

                  (g) To borrow  money from any lender in such  amounts and upon
         such terms and  conditions  as shall be deemed  advisable  or proper to
         carry out the  purposes  of the Trust and to pledge any  securities  or
         other property for the repayment of any such loan.

                  (h) To engage any legal counsel,  including  (except after the
         occurrence of a Change in Control) counsel to any Company, any enrolled
         actuary,  any accountant or any other suitable agents,  to consult with
         such counsel,  enrolled  actuary,  accountant or agents with respect to
         the  construction  hereof,  the duties of the  Trustee  hereunder,  the
         transactions  contemplated  by  this  Agreement  or any act  which  the
         Trustee  proposes  to take or omit,  to rely  upon the  advice  of such
         counsel,  enrolled  actuary,  accountant  or  agents,  and to  pay  its
         reasonable fees, expenses and compensation from the Trust Fund.

                                       28

<PAGE>

                  (i) To register any  securities  held by it in its own name or
         in the  name of any  custodian  of  such  property  or of its  nominee,
         including  the  nominee  of any  system  for the  central  handling  of
         securities,  with or without the addition of words indicating that such
         securities are held in a fiduciary capacity,  to deposit or arrange for
         the deposit of any such  securities  with such a system and to hold any
         securities  in bearer  form;  provided,  however,  that no such holding
         shall  relieve the Trustee of its  responsibility  for the safe custody
         and  disposition of the Trust Fund in accordance with the provisions of
         this Agreement, the Trustee's books and records shall at all times show
         that such property is part of the Trust Fund,  and the Trustee shall be
         absolutely liable for any loss occasioned by the acts of its nominee or
         nominees  with  respect  to  securities  registered  in the name of the
         nominee or nominees.

                  (j) To make,  execute and  deliver,  as  Trustee,  any and all
         deeds,  leases,  notes,  bonds,  guarantees,   mortgages,  conveyances,
         contracts,  waivers, releases or other instruments in writing necessary
         or proper for the accomplishment of any of the powers granted herein.

                  (k) To transfer assets of the Trust Fund to a successor
         trustee as provided in Section 13.4 hereof.

                  (l) To  exercise,  generally,  any  of the  powers  which  an
         individual  owner might  exercise in connection  with  property  either
         real,  personal  or mixed held in the Trust  Fund,  and to do all other
         acts that the Trustee may deem  necessary or proper to carry out any of
         the powers granted to it hereunder or that otherwise may be in the best
         interests of the Trust Fund.

                  (m) To hold any  portion  of the  Trust  Fund in cash  pending
         investment,  or for the  payment  of  expenses  and  Benefits,  without
         liability for interest.

                  (n) To vote  personally or by proxy and to delegate  power and
         discretion  over such proxy on account of securities  held in the Trust
         Fund.

                  (o) To  hold  assets  in time or  demand  deposits  (including
         deposits  with  the  Trustee  in its  individual  capacity  that  pay a
         reasonable rate of interest).

                                       29

<PAGE>

                  (p) To invest and reinvest all or any specified portion of any
         Trust Fund through the medium of any common,  collective, or commingled
         trust fund that has been or may hereafter be established and maintained
         by the Trustee.

                  (q) To invest in mutual funds  registered  with the Securities
         Exchange Commission under the Investment Company Act of 1940.

         The Trustee also shall have, without exclusion, all powers conferred on
Trustees  by  applicable  law,  unless  expressly   provided  otherwise  herein;
provided, however, that if an insurance policy is held as an asset of any Trust,
the Trustee shall have no power to name a  beneficiary  of the policy other than
the Trust,  to assign the policy (as distinct from conversion of the policy to a
different form) other than to a successor trustee,  or to loan to any person the
proceeds of any borrowing against such policy.

         Prior to a Change in Control,  the Trustee  shall  exercise  the powers
referred to in Section 9.1(h) only as directed by the Applicable  Company;  and,
with  respect to the portion of any Trust Fund for which an  investment  manager
has been  appointed  under  Section  8.2, the Trustee  shall  exercise any power
referred to in this Section 9.1, as it relates to the  investment  management of
such  portion of the Trust Fund,  only as directed by such  investment  manager.
After a Change in Control,  the Trustee may exercise such powers in its sole and
absolute discretion, except as otherwise provided in Article 8.

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

         9.2 After a Change in Control,  the Trustee shall, subject to Article 6
hereof,  discharge its duties under this Agreement solely in the interest of the
beneficiaries  of each  Trust and (i) for the  exclusive  purpose  of  providing
Benefits  to  such   beneficiaries   and   defraying   reasonable   expenses  of
administering  such Trust;  (ii) with the care,  skill,  prudence and  diligence
under the  circumstances  then  prevailing  that a prudent  man acting in a like
capacity  and  familiar  with  such  matters  would  use  in the  conduct  of an
enterprise of a like character and with like aims; and (iii) by diversifying the
investments of the Trust Fund for each Trust so as to minimize the risk of large
losses, unless under the circumstances it is clearly prudent not to do so.

                                       30

<PAGE>

         9.3 The  Trustee  shall not be  required  to give any bond or any other
security for the faithful performance of its duties under this Agreement, except
as required by law.

         9.4 Except as otherwise  expressly  provided herein,  the Trustee shall
not be  responsible  in any respect for  administering  any Plan;  nor shall the
Trustee be responsible  for the adequacy of the Trust Fund for any Trust to meet
and discharge all payments and liabilities under any Plan.

         9.5 The Trustee shall be under no duties  whatsoever except such duties
as are specifically set forth as such in this Agreement, and no implied covenant
or obligation shall be read into this Agreement  against the Trustee.  Except as
otherwise  provided in Article 5, the Trustee  shall not be required to take any
action toward the execution or performance of any Trust created  hereunder or to
prosecute or defend any suit or claim in respect thereof,  unless indemnified to
its satisfaction against loss, liability, and reasonable costs and expenses. The
Trustee  shall be under no liability or obligation to anyone with respect to any
failure on the part of any Company to perform any of its  obligations  under any
Plan or under this Agreement.

         9.6 Each Company has  represented to the Trustee that each of its Plans
(i) is an excess  benefit plan within the meaning of Section  4(b) of ERISA,  or
(ii) is a "top-hat"  plan  maintained  primarily  for the  purpose of  providing
deferred  compensation  for a select group of management  or highly  compensated
employees, which is exempt from the provisions of Part 4 of Title I of ERISA, or
(iii) is otherwise not subject to the provisions of Part 4 of Title I of ERISA.

         9.7 The Applicable  Company shall pay and shall protect,  indemnify and
save harmless the Trustee and its officers, directors or trustees, employees and
agents from and against any and all losses,  liabilities  (including liabilities
for penalties),  actions, suits, judgments,  demands, damages,  reasonable costs
and expenses  (including,  without  limitation,  reasonable  attorneys' fees and
expenses) of any nature arising from or relating to any action or failure to act
by the Trustee, its officers,  directors or trustees,  employees and agents with
respect to such Company's Trust, or arising from or relating to the transactions
contemplated by this Agreement that pertain to or affect such trust,  (including
any such liability the Trustee may incur as a result of any action or failure to
act on its part that would  constitute  a breach of  fiduciary  duty under ERISA
with respect to any Plan of such Company that is determined to be subject to the
provisions  of Part 4 of Title I of ERISA),  except to the extent  that any such
loss, liability,  action, suit, demand,  damage, cost or expense is attributable
to any action or

                                       31

<PAGE>

failure  to act on the  Trustee's  part (i)  that  occurs  prior to a Change  in
Control and that constitutes negligence or willful misconduct on the part of the
Trustee, its officers,  directors or trustees, employees or agents, or (ii) that
occurs after a Change in Control and that  constitutes  a failure on the part of
the Trustee to discharge its duties under this Agreement in accordance  with the
standards set forth in Section 9.2.

         If the Trustee shall become entitled to  indemnification by any Company
pursuant  to  this  Section  9.7  and  such   Company   fails  to  provide  such
indemnification  to the  Trustee  within 30 days of the  Company's  receipt of a
written request from the Trustee for such indemnification, the Trustee may apply
assets of such Company's Trust in full satisfaction of the Company's  obligation
to make such  indemnification.  Promptly  after  any  assets of any Trust are so
applied, the Trustee shall institute legal proceedings on behalf of the Trust to
recover from the  Applicable  Company an amount equal to the amount of any Trust
assets so applied.

                                   ARTICLE 10

                  Taxes, Expenses, and Compensation of Trustee
                  --------------------------------------------

         10.1 Each Company  shall pay any federal,  state,  local or other taxes
imposed or levied with respect to the corpus  and/or  income of its Trust or any
part thereof under  existing or future laws and such Company in its  discretion,
or the Trustee in its  discretion may contest the validity or amount of any tax,
assessment, claim or demand respecting such Trust or any part thereof.

         10.2 Each Company shall pay to the Trustee its  allocable  share of the
compensation that is payable to the Trustee for its services  hereunder pursuant
to the schedule of fees annexed hereto as Exhibit G. Each Company shall also pay
its allocable  share of the  reasonable and necessary  expenses  incurred by the
Trustee  in the  performance  of its  duties  under  this  Agreement,  including
reasonable  fees of any counsel,  actuary,  accountant or other agent engaged by
the Trustee pursuant to this Agreement.  Any such compensation or expenses shall
be  allocated  among  the  Companies  as  follows:  in  the  case  of  any  such
compensation that is specifically  chargeable to, or any such expenses that were
specifically  incurred with respect to, a particular  Trust,  the amount of such
compensation or expenses shall be allocated solely to the Applicable Company; in
the case of any such compensation that is not specifically chargeable to, or any
such expenses that were not specifically  incurred with respect to, a particular
Trust, the amount of such compensation or expenses shall be

                                       32

<PAGE>

allocated to the Companies in proportion to the  respective  values of the Trust
Funds for the Companies'  Trusts as of the Valuation Date immediately  preceding
the date as of which the Trustee bills the Companies  for such  compensation  or
expenses. Each Company's allocable share of such compensation and expenses shall
be charged against and paid from the Trust Fund for such Company's Trust, to the
extent  not paid by such  Company  within  45 days  after  the date on which the
Trustee  bills the Company for such  compensation  and  expenses.  Any amount so
charged  against and paid from the Trust Fund for any  Company's  Trust shall be
further  allocated  to and charged  against the Plan  Accounts  and  Participant
Accounts  maintained  within  such  Trust (a) in such  manner as the  Applicable
Company directs in written  instructions  delivered by it to the Trustee, in the
case of any amount so charged and paid prior to a Change in Control;  and (b) in
proportion to the  respective  balances of such Accounts as determined as of the
most recent  Valuation  Date  preceding the date of payment,  in the case of any
amount so charged and paid after a Change in Control.

                                   ARTICLE 11

                              Accounting by Trustee
                              ---------------------

         11.1 For each  Trust,  the Trustee  shall keep  accurate  and  detailed
accounts  of  all  its  investments,  receipts,  and  disbursements  under  this
Agreement.  Such person or persons as the  Applicable  Company  shall  designate
shall be allowed to inspect  the books of  account  relating  to such  Company's
Trust upon  request at any  reasonable  time  during the  business  hours of the
Trustee.

         11.2 Within 90 days after the close of each calendar  year, the Trustee
shall transmit to each Company, and certify the accuracy of, a written statement
of the assets and  liabilities of the Trust Fund for such Company's Trust at the
close of that year,  showing the current value of each asset at that date, and a
written  account of all the Trustee's  transactions  relating to such Trust Fund
during the period from the last  previous  accounting to the close of that year.
For the purposes of this Section 11.2, the date of the Trustee's  resignation or
removal as  provided  in Article 13 hereof  shall be deemed to be the close of a
calendar year.

         11.3  Unless a  Company  shall  have  filed  with the  Trustee  written
exceptions or objections to any such  statement and account within 90 days after
receipt  thereof,  such Company shall be deemed to have approved such  statement
and  account;  and in such case or upon the written  approval by such Company of
any

                                       33

<PAGE>

such statement and account, the Trustee shall be forever released and discharged
with respect to all matters and things embraced in such statement and account as
though it had been settled by decree of a court of competent  jurisdiction in an
action or proceeding to which the Company and all persons  having any beneficial
interest in its Trust were parties.

         11.4 Nothing  contained in this  Agreement or in any Plan shall deprive
the  Trustee of the right to have a judicial  settlement  of its  accounts  with
respect  to any  Trust.  In any  proceeding  for a  judicial  settlement  of the
Trustee's  accounts or for  instructions in connection with any Trust,  the only
other necessary party thereto in addition to the Trustee shall be the Applicable
Company.  If the  Trustee  so  elects,  it may  bring in as a party  or  parties
defendant any other person or persons.  No person interested in any Trust, other
than the  Applicable  Company,  shall  have a right  to  compel  an  accounting,
judicial or  otherwise,  by the Trustee,  and each such person shall be bound by
all  accounting by the Trustee to such Company,  as herein  provided,  as if the
account had been  settled by decree of a court of competent  jurisdiction  in an
action or proceeding to which such person was a party.

                                   ARTICLE 12

                                 Communications
                                 --------------

         12.1 With respect to any Trust, the Trustee shall be fully protected in
relying upon any written notice,  instruction,  direction or other communication
signed by an officer of the Applicable  Company.  Each Company from time to time
shall furnish the Trustee with the names and specimen signatures of the officers
of the Company authorized to act or give directions hereunder and shall promptly
notify  the  Trustee  of the  termination  of office of any such  officer of the
Company and the appointment of a successor thereto. Until notified in writing to
the  contrary,  the Trustee  shall be fully  protected  in relying upon the most
recent list of the officers of the Company furnished to it by the Company.

         12.2 Any action required by any provision of this Agreement to be taken
by the board of  directors of a Company  shall be  evidenced by a resolution  of
such  board  of  directors  certified  to the  Trustee  by the  Secretary  or an
Assistant  Secretary of the Company  under its corporate  seal,  and the Trustee
shall be fully  protected  in relying  upon any  resolution  so certified to it.
Unless other evidence with respect thereto has been  specifically  prescribed in
this  Agreement,  any  other  action of a Company  under any  provision  of this
Agreement, including any approval of or

                                       34

<PAGE>

exceptions to the Trustee's accounts, shall be evidenced by a certificate signed
by an  officer of the  Company,  and the  Trustee  shall be fully  protected  in
relying upon such certificate. The Trustee may accept a certificate signed by an
authorized  officer  of a Company  as proof of any fact or matter  that it deems
necessary  or  desirable  to  have  established  in the  administration  of such
Company's  Trust  (unless  other  evidence  of such fact or matter is  expressly
prescribed  herein) and the Trustee shall be fully protected in relying upon the
statements in the certificate.

         12.3  The  Trustee  shall be  entitled  conclusively  to rely  upon any
written  notice,  instruction,  direction,  certificate  or other  communication
believed  by it to be genuine  and to be signed by the proper  person or persons
and the Trustee  shall be under no duty to make  investigation  or inquiry as to
the truth or accuracy of any statement contained therein.

         12.4     Until notice be given to the contrary, communications to the
Trustee shall be sent to it at its office at 114 West 47th Street, New York, New
York 10056-1532,  Attention:  Otis A. Sinnott,  Jr.; and  communications  to any
Company  shall  be  sent  to it c/o  GPU  Service,  Inc.,  310  Madison  Avenue,
Morristown, New Jersey 07962-1957, Attention: Treasurer.

                                   ARTICLE 13

                        Resignation or Removal of Trustee
                        ---------------------------------

         13.1 The  Trustee  may  resign as  trustee  of any Trust at any time by
written notice to the Applicable  Company,  which resignation shall be effective
60 days after the  Company's  receipt of such notice  unless the Company and the
Trustee agree  otherwise.  The Trustee may be removed as trustee of any Trust by
action of the board of directors of the Applicable  Company, at any time upon 60
days' written notice to the Trustee, or upon shorter notice if acceptable to the
Trustee.  In the event it resigns or is removed,  the Trustee shall have a right
to have its accounts settled as provided in Article 11 hereof.

         13.2  Notwithstanding  the  provisions of Section 13.1, the Trustee may
not be removed  as  trustee  of any Trust  after a Change in Control or during a
Threatened  Change in Control  Period  without the  written  consent of at least
two-thirds in number of the Participants who are, or who may become, entitled to
receive  payments  from such Trust.  The  Applicable  Company  shall furnish the
Trustee  with  evidence  to  establish  that  such  majority  in  number of such
Participants has granted written consent to such removal.

                                       35

<PAGE>

         13.3 If the  Trustee  resigns or is removed as trustee of any Trust,  a
successor shall be appointed by the Applicable  Company,  by action of its board
of  directors,  by the  effective  date  of such  resignation  or  removal.  Any
successor  trustee so appointed  shall be a bank as defined under the Investment
Advisers  Act of 1940,  having a net worth in excess of  $100,000,000  or having
assets in  excess  of  $2,000,000,000.  After a Change  in  Control  or during a
Threatened  Change in Control Period,  such  appointment of a successor  trustee
shall  be  approved  in  writing  by  at  least  two-thirds  in  number  of  the
Participants who are or may become entitled to receive payments from such Trust.
Notwithstanding the foregoing, if no such appointment of a successor trustee has
been made by the effective date of such resignation or removal,  the Trustee may
apply  to a court of  competent  jurisdiction  for  appointment  of a  successor
trustee or for instructions. All expenses of the Trustee in connection with such
proceeding shall be allowed as administrative expenses of the Trust and shall be
paid by the Applicable Company.

         13.4 Each successor  trustee shall have the powers and duties conferred
upon the  Trustee  in this  Agreement,  and the term  "Trustee"  as used in this
Agreement,  except  where the  context  otherwise  requires,  shall be deemed to
include any successor  trustee.  Upon  designation or appointment of a successor
trustee for any Trust, the Trustee shall transfer and deliver the Trust Fund for
such Trust to the successor  trustee,  reserving  such sums as the Trustee shall
deem  necessary to defray its expenses in settling its accounts  with respect to
such trust,  to pay any of its  compensation  with respect to such Trust that is
due and unpaid,  and to  discharge  any  obligation  of such Trust for which the
Trustee may be liable.  If the sums so  reserved  are not  sufficient  for these
purposes,  the Trustee shall be entitled to recover the amount of any deficiency
from either the Applicable Company or the successor  trustee,  or both. When the
Trust  Fund for such Trust  shall have been  transferred  and  delivered  to the
successor  trustee  and the  accounts  of the  Trustee  for such Trust have been
settled as provided  in Article 11 hereof,  the  Trustee  shall be released  and
discharged from all further  accountability  or liability for the Trust Fund for
such Trust and shall not be responsible  in any way for the further  disposition
of such Trust Fund or any part thereof.

                                   ARTICLE 14

                           Amendments and Termination
                           --------------------------

         14.1  Subject to Section  14.2,  any or all of the  provisions  of this
Agreement  and any  Exhibits  annexed  hereto,  as they relate to any  Company's
Trust, may be amended at any time, without the

                                       36

<PAGE>

consent of any Participant or Beneficiary,  by a written instrument of amendment
duly executed by the Applicable  Company (or, in the case of an amendment to any
Exhibit  attached  hereto,  as it relates to any Company's  Trust, by either the
Executive  Vice  President,  Corporate  Affairs  of  GPU  Service,  Inc.  or the
Executive  Vice President and General  Counsel of GPU Service,  Inc.) and by the
Trustee.  Notwithstanding  the foregoing,  no such amendment shall conflict with
the  terms  of the  Applicable  Company's  Plans or  shall  make the  Applicable
Company's  Trust  revocable  after it has become  irrevocable in accordance with
Section 2.2 hereof.

         14.2 No amendment may be made to delete a Participant from Exhibit A or
to delete a Plan from Exhibit B and no other  provision of this Agreement may be
amended (i) during a Threatened Change in Control Period, (ii) after a Change in
Control, (iii) at the request of a third party who has indicated an intention or
taken  steps to  effect a Change  in  Control  and who  effectuates  a Change in
Control or (iv) otherwise in connection with, or in anticipation of, a Change in
Control which has been  threatened or proposed and which actually  occurs unless
in any such case the  written  consent of at least  two-thirds  in number of the
Participants who are or may become entitled to payments from each Trust affected
by such  amendment is obtained,  in which case such  amendment may be made.  The
Trustee may request that the Applicable Company or Companies furnish evidence to
establish  that at least  two-thirds of the  Participants  have granted  written
consent to such an amendment.

         Unless sooner revoked in accordance with Section 2.2 hereof, each Trust
shall terminate on the date on which Participants and their Beneficiaries are no
longer  entitled to receive  Benefits  pursuant  to the terms of the  Applicable
Company's  Plans.  Upon  termination of any Trust,  any assets  remaining in the
Trust  Fund  for  such  Trust  shall be paid by the  Trustee  to the  Applicable
Company.

                                   ARTICLE 15

                                  Miscellaneous
                                  -------------

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

         15.2     Benefits payable to Participants and their Beneficiaries under
this Agreement may not be anticipated, assigned (either at law or in equity),
alienated, pledged,

                                       37

<PAGE>

encumbered or subjected to  attachment,  garnishment,  levy,  execution or other
legal or equitable process.

         15.3 This  Agreement  shall be governed  by, and shall be  construed in
accordance  with,  and  each  Trust  hereby  created  shall be  administered  in
accordance with the laws of the State of New Jersey.

         15.4 The titles to Articles  of this  Agreement  are placed  herein for
convenience  of  reference  only,  and this  Agreement is not to be construed by
reference thereto.

         15.5  This  Agreement  shall  bind  and  inure  to the  benefit  of the
successors  and assigns of each Company and the Trustee,  respectively,  and all
Participants and Beneficiaries under the Companies' Plans.

         15.6 This Agreement may be executed in any number of counterparts, each
of which  shall be  deemed to be an  original  but all of which  together  shall
constitute  but one  instrument,  which  may be  sufficiently  evidenced  by any
counterpart.

                                       38

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed in their respective names by their duly authorized officers under their
corporate seals as of theday and year first above written.

                                     GPU, INC.
                                     GPU SERVICE, INC.

                                     By:-----------------------------------
                                        F.D. Hafer, Chairman, President and
                                        Chief Executive Officer

ATTEST:

                                     GPU NUCLEAR, INC.

                                     By:-----------------------------------
                                        T.G. Broughton, President and
                                        Chief Executive Officer

ATTEST:

                                     JERSEY CENTRAL POWER & LIGHT COMPANY

                                     By:-----------------------------------
                                        F.D. Hafer, Chairman of the Board and
                                        Chief Executive Officer

ATTEST:

                                     U. S. TRUST COMPANY, NATIONAL ASSOCIATION,
                                        as Trustee

                                     By:___________________________________
                                          [Add Name and Title]
ATTEST:

                                       39

<PAGE>

                                    EXHIBIT A

                              LIST OF PARTICIPANTS

         Company                                       Participants
         -------                                       ------------

Jersey Central Power & Light Company              James R. Leva (Retired)

GPU Service, Inc.                                 Robert C. Arnold (Retired)
                                                  Dennis P. Baldassari
                                                  Verner M. Condon (Retired)
                                                  Herman Dieckamp (Retired)
                                                  F. Allen Donofrio (Retired)
                                                  John G. Graham (Retired)
                                                  Fred D. Hafer
                                                  Terrence G. Howson
                                                  Ira H. Jolles
                                                  William G. Kuhns (Retired)
                                                  James R. Leva (Retired)
                                                  Bruce L. Levy
                                                  James B. Liberman (Retired)
                                                  Peter E. Maricondo
                                                  Philip C. Mezey (Retired)
                                                  Mary A. Nalewako
                                                  Hazel R. O'Leary (Retired)
                                                  Carole B. Snyder
                                                  Robert L. Wise
GPU Nuclear, Inc.                                 Philip R. Clark (Retired)
                                                  Thomas G. Broughton

                                        1

<PAGE>

                                    EXHIBIT B

                           COVERED PLANS AND BENEFITS

         Set forth below is a list,  for each Company,  of the plans,  programs,
policies  or  agreements  that are to be treated  as  "Plans",  and the  amounts
payable  under the Plans that are to be treated as  "Benefits",  for purposes of
the annexed Agreement.

                      Jersey Central Power & Light Company
                      ------------------------------------

         1.  The excess pension benefit payable to James R. Leva pursuant to the
amended Agreement dated August 1, 1996, between Jersey Central Power & Light
Company and Mr. Leva.

                                GPU Service, Inc.
                                -----------------

         1.  The severance payment benefit provided under the GPU Service, Inc.
Severance Procedure.

         2.  The additional retirement pension and the supplemental pension
payable to Ira H. Jolles  pursuant to  Sections 3 and 4 of the  Agreement  among
GPU, Inc., GPU Service, Inc. and Mr. Jolles.

         3.  The additional retirement pension payable to Philip C. Mezey
pursuant to the Agreement among GPU, Inc., GPU Service, Inc. and Mr. Mezey.

         4.  The pension payable to Hazel R. O'Leary pursuant to the Agreement
among GPU, Inc., GPU Service, Inc. and Mrs. O'Leary.

         5.  All benefit amounts payable under the GPU Service, Inc.
Supplemental and Excess Benefits Plan.

         6.  All benefit amounts payable under the GPU Companies Supplemental
Executive Retirement Plan.

         7.  All benefit amounts payable under the GPU Companies Deferred
Compensation Plan.

         8.  Awards for Performance Periods preceding and including Change in
Control payable under the Incentive  Compensation  Plan for Elected  Officers of
GPU Service, Inc.

         9.  Cash payments for deferred Restricted Units, Performance Units,
and stock options,  payable under the 1990 Stock Plan for Employees of GPU, Inc.
and Subsidiaries.

                                        1

<PAGE>

         10.  Premiums on life insurance policies issued under Senior Executive
Life Insurance  Program,  payable by GPU Service,  Inc. pursuant to Split Dollar
Agreements with Robert C. Arnold,  Dennis P.  Baldassari,  Fred D. Hafer, Ira H.
Jolles,  James R. Leva,  Bruce L. Levy,  Philip C.  Mezey,  Carole B. Snyder and
Robert L. Wise.

         11.  Supplemental pension payable to William G. Kuhns pursuant to the
Agreement among GPU, Inc., GPU Service, Inc. and Mr. Kuhns.

         12.  The retirement annuity payable to James B. Liberman pursuant to
the Agreement between GPU Service, Inc. and Mr. Liberman.

         13.  The supplemental pension payable to Herman Dieckamp pursuant to
the Agreement among GPU, Inc., GPU Service, Inc. and Mr. Dieckamp.

         14.  Annuities payable to William G. Kuhns, Herman Dieckamp and to
Verner M. Condon under the Deferred Compensation Plan for Senior Officers of
GPU Service, Inc.

         15.  The supplemental pensions payable to Robert C. Arnold and
Robert L. Wise pursuant to Agreements between GPU Service, Inc. and
Messrs. Arnold and Wise, and the supplemental pension payable to James R. Leva
pursuant to an Agreement between GPU, Inc. and Mr. Leva.

         16.  The severance payment benefit payable to Dennis P. Baldassari,
Fred D. Hafer, Ira H. Jolles, Bruce L. Levy, Robert L. Wise and Carole B. Snyder
under the Severance Protection  Agreements between GPU, Inc., GPU Service,  Inc.
and each of Messrs. Baldassari, Hafer, Jolles, Levy, Wise and Ms. Snyder.

                                GPU Nuclear, Inc.
                                -----------------

         1.  All benefit amounts payable under the GPU Nuclear, Inc.
Supplemental and Excess Benefits Plan.

         2.  All benefit amounts payable under the GPU Companies Deferred
Compensation Plan.

         3.  Awards for Performance Periods preceding and including Change in
Control payable under the Incentive  Compensation  Plan for Elected  Officers of
GPU Nuclear, Inc.

                                        2

<PAGE>

         4.  Cash payments for deferred Restricted Units, Performance Units
Awards,  and stock  options,  payable under the 1990 Stock Plan for Employees of
GPU, Inc. and Subsidiaries.

         5.  Premiums on life insurance policies issued under Senior Executive
Life Insurance  Program,  payable by GPU Nuclear,  Inc. pursuant to Split Dollar
Agreements with Philip R. Clark and Thomas G. Broughton.

         6.  The supplemental pension payable to Philip R. Clark pursuant to the
Agreement between GPU Nuclear, Inc. and Mr. Clark.

         7.  The severance payment benefit payable to Thomas G. Broughton under
the Severance Protection Agreement between Mr. Broughton,  GPU Nuclear, Inc. and
GPU, Inc.

                                        3

<PAGE>

                                   EXHIBIT C-1

                                 GPU RABBI TRUST

                             PARTICIPANT INFORMATION

     Name                   Address                                Social
                                                               Security Number

Arnold            7 Fernwood Trail, PO Box 151                   ###-##-####
                  Mountain Lakes, New Jersey 07046

Baldassari        9 Willow Spring Drive                          ###-##-####
                  Morristown, New Jersey 07960

Broughton         7 Knoll Top Court                              ###-##-####
                  Denville, New Jersey 07834

Clark             297 Morris Avenue                              ###-##-####
                  Mountain Lakes, New Jersey 07046

Condon            Box 116 Young's Road                           ###-##-####
                  Basking Ridge, New Jersey 07920

Dieckamp          29 Crystal Road                                ###-##-####
                  Mountain Lakes, New Jersey 07046

Donofrio          40 Longview Avenue                             ###-##-####
                  Randolph, New Jersey 07869

Graham            21 Candace Lane                                ###-##-####
                  Chatham Township, New Jersey 07928

Hafer             1730 Meadowlark Road                           ###-##-####
                  Wyomissing, Pennsylvania 19610

Jolles            610 West End Avenue                            ###-##-####
                  New York, New York 10024

Kuhns             49 Creston Avenue                              ###-##-####
                  Tenafly, New Jersey 07670

Leva              2 Ryan Court                                   ###-##-####
                  Chester, New Jersey 07930

Levy              5 Oak Ridge Court                              ###-##-####
                  Pomona, New York 10970

                                        1

<PAGE>

     Name                   Address                               Social
                                                               Security Number

Liberman         205 East 69th Street                           ###-##-####
                 New York, New York 10021

Mezey            46 Gatehouse Road                              ###-##-####
                 Bedminster, New Jersey 07921

O'Leary          5610 Wisconsin Avenue PH20C                    ###-##-####
                 Chevy Chase Maryland 20815

Wise             701 Tioga Street                               ###-##-####
                 Johnstown, Pennsylvania 15905

                                        2

<PAGE>

                                   EXHIBIT C-2

                                 GPU RABBI TRUST

                            SEVERANCE PLAN - --------

TERMS OF PAYMENT:
----------------

AMOUNT OF PAYMENT:
-----------------

                             Weeks       Base Pay       Payment
                             -----       --------       -------

FORM/TIMING OF PAYMENT:    Lump sum.
----------------------

                                        3

<PAGE>

                                   EXHIBIT C-3

                                 GPU RABBI TRUST

                           INCENTIVE COMPENSATION PLAN

TERMS OF PAYMENT:
----------------

AMOUNT OF PAYMENT:
-----------------

                                     Payment
                                     -------

FORM/TIMING OF PAYMENT:    Lump sum.
----------------------

                                        4

<PAGE>

                                   EXHIBIT C-4

                                 GPU RABBI TRUST

                      SENIOR EXECUTIVE LIFE INSURANCE PLAN

TERMS OF PAYMENT:
----------------

AMOUNT OF PAYMENT:
-----------------

FORM/TIMING OF PAYMENT:  Lump sum payment on or before ---------- of indicated
-----------------------

year to the Life Insurance Company of Virginia.

                                        5

<PAGE>

                                   EXHIBIT C-5

                                 GPU RABBI TRUST

                           DEFERRED COMPENSATION PLAN

TERMS OF PAYMENT:
----------------

PAYMENT SCHEDULE:
----------------

                                     Balance
                                     -------

FORM/TIMING OF PAYMENT:   Lump sum amount on or before ---------- of indicated
----------------------

year.

                                        6

<PAGE>

                                   EXHIBIT C-6

                                 GPU RABBI TRUST

                               EMPLOYEE STOCK PLAN

TERMS OF PAYMENT:
----------------

AMOUNT OF PAYMENT:
-----------------

                                                      Gross-up
                                    Balance          Percentage        Payment
                                    -------          ----------        -------

FORM/TIMING OF PAYMENT:   Lump sum amount on or before ------------.
----------------------

                                        7

<PAGE>

                                   EXHIBIT C-7

                                 GPU RABBI TRUST

                       DEFERRED COMPENSATION PENSION PLAN

TERMS OF PAYMENT: Each participant listed below is entitled to a monthly payment
for his/her life with continuing  payments to his/her  beneficiary if he/she has
elected a joint and survivor option.

AMOUNT OF PAYMENT:
-----------------

                            Amounts
                           In Payment
                             Status
                           ----------
                             Monthly           Option
                             Payment           Elected           Beneficiary
                             -------           -------           -----------

FORM/TIMING OF PAYMENT:  On or before ---------- of each month the amount
----------------------

indicated above shall be paid to the participant or his beneficiary.

                                        8

<PAGE>

                                   EXHIBIT C-8

                                 GPU RABBI TRUST

                              SPECIAL PENSION PLAN

TERMS OF PAYMENT: Each participant listed below is entitled to a monthly payment
for his/her life with continuing  payments to his/her  beneficiary if he/she has
elected a joint and survivor option.

AMOUNT OF PAYMENT:
-----------------

                            Amounts
                           In Payment
                             Status
                           ----------
                             Monthly         Option
                             Payment         Elected           Beneficiary
                             -------         -------           -----------

FORM/TIMING OF PAYMENT:  On or before ---------- of each month the amount
----------------------

indicated above shall be paid to the participant or his beneficiary.

                                        9

<PAGE>

                                   EXHIBIT C-9

                                 GPU RABBI TRUST

                        SUPPLEMENTAL AND EXCESS PENSIONS

TERMS OF PAYMENT: Each participant listed below is entitled to a monthly payment
for his/her life with continuing  payments to his/her  beneficiary if he/she has
elected a joint and survivor option. The determination of amount payable is made
in  accordance  with the  Company's  Excess and  Supplemental  Benefits Plan for
Elected Officers.

AMOUNT OF PAYMENT:
-----------------

                           In Payment
                             Status
                           ----------
                             Monthly         Option
                             Payment         Elected           Beneficiary

                                  OTHER AMOUNTS
                                  -------------

FORM/TIMING OF PAYMENT:  On or before ---------- of each month the amount
----------------------

indicated above shall be paid to the participant or his beneficiary.

                                       10

<PAGE>

                                  EXHIBIT C-10

                                 GPU RABBI TRUST

                     SUPPLEMENTAL PENSION AGREEMENT - MEZEY

TERMS OF PAYMENT:  Mr. Philip Mezey shall be entitled to a supplemental pension
----------------

benefit in accordance with the retirement provisions contained in his employment
 agreement with GPU, Inc. (attached, amended 4/20/95, signed 4/20/95).

AMOUNT OF PAYMENT:
-----------------

FORM/TIMING OF PAYMENT:  On or before ---------- of each month the amount
----------------------

indicated above shall be paid to the participant or his beneficiary.

                                       11

<PAGE>

                                  EXHIBIT C-11

                                 GPU RABBI TRUST

                     SUPPLEMENTAL PENSION AGREEMENT - JOLLES

TERMS OF PAYMENT:  Mr. Ira Jolles shall be entitled to a supplemental pension
----------------

benefit in accordance with the retirement provisions contained in his employment
agreement with GPU, Inc. and GPU Service, Inc. (attached, amended 11/1/96).

AMOUNT OF PAYMENT:
-----------------

FORM/TIMING OF PAYMENT:  On or before ---------- of each month the amount
----------------------

indicated above shall be paid to the participant or his beneficiary.

                                       12

<PAGE>

                                  EXHIBIT C-12

                                 GPU RABBI TRUST

                           SEVERANCE AGREEMENT PAYMENT

TERMS OF PAYMENT:  Mr. [Name of Officer] shall be entitled to a severance
----------------
payment  benefit in accordance  with the  provisions  contained in his severance
agreement with [Company Name] and GPU, Inc.

AMOUNT OF PAYMENT:
-----------------

FORM/TIMING OF PAYMENT:  On or before ---------- the amount indicated above
----------------------
shall be paid to the participant or his beneficiary.

                                       13

<PAGE>

                                    EXHIBIT D

                       PARTICIPANT'S PAYMENT REQUEST FORM

         I, -----------------------------------------------------------------,
a Participant [or Beneficiary] in the GPU Companies Master Executives'  Benefits
Protection  Trust (the  "Trust"),  adopted  September 1, 1995 and most  recently
amended as of [June] 1, 1999,  pursuant to Section 4.3 thereof,  hereby  request
that [Name of Bank], as Trustee  thereunder,  make payment to me of the Benefits
to which I am entitled as  [Participant  or  Beneficiary] in accordance with the
terms of the Trust Agreement ad the following [Company Name] Plans:

         I hereby  attest,  certify and affirm that to the best of my  knowledge
and belief  the  following  events,  upon which  entitlement  to and  payment of
Benefits under said Plans is conditioned, have occurred:

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

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

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

                [Insert Description of events that have occurred]
                 -----------------------------------------------

         I further  attest,  certify and affirm  that [Name of Company]  has not
paid any of the Benefits claimed herein under said plans.

         I am [or The  Participant  was] ----- years of age, having been born on
[Date of Birth].  I have been/was [or the Participant  was] employed by [Name of
Company]  from [Date] to [Date].  The [Name of  Company]  records  detailing  my
[his/her]  compensation and the terms and conditions of employment,  if any, are
attached hereto and made a part hereof.

Dated:--------------------------------------
                  [Name of Participant]

--------------------------------------------
                  [Address & Telephone No.]

                                       14

<PAGE>

                                    EXHIBIT E

                    REQUEST AND AUTHORIZATION FOR LITIGATION

         I, -----------------------------------------------------------------,
a Participant in the GPU Companies Master Executives'  Benefits Protection Trust
(the "Trust"),  adopted September 1, 1995 and most recently amended as of [June]
1, 1999, pursuant to Section 5.3(b) thereof,  hereby request and authorize [Name
of Bank], as Trustee  hereunder,  to institute and prosecute  legal  proceedings
(the "Litigation"),  on my behalf, against [Name of GPU Company] to recover upon
my claim  against  said  company for unpaid  benefits  under [Name of Plan under
which claim is asserted].

         It is  understood  that,  pursuant  to  Section  5.3(e)  of  the  Trust
Agreement, I may revoke this authorization to prosecute or continue to prosecute
such  Litigation,  at any time, upon written  notification to the Trustee in the
appropriate form.

Dated: ------------------------------
       [Name of Participant]

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

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

-------------------------------------
   [Address & Telephone No.]

                                       15

<PAGE>

                                    EXHIBIT F

                 REVOCATION OF AUTHORITY TO CONTINUE LITIGATION

         I,-------------------------------------------------------------------,
a Participant in the GPU Companies Master Executives'  Benefits Protection Trust
(the "Trust"),  adopted  September 1, 1995 most recently amended as of [June] 1,
1999,  pursuant  to Section  5.3(e)  thereof,  hereby  revoke the  authorization
previously granted by me to [Name of Bank], as Trustee thereunder,  to institute
and prosecute legal proceedings (the "Litigation"),  on my behalf, against [Name
of GPU  Company]  for unpaid  Benefits  under [Name of Plan under which claim is
asserted].

         I hereby  notify the Trustee that I have  appointed and retain [Name of
Attorney ] of [Address ] to represent me and my interests in such Litigation.  I
understand  that the fees and  expenses of my attorney  in  connection  with the
Litigation or otherwise shall be my sole  responsibility and that neither me nor
my attorney will be entitled to direct payment for any such fees or expenses out
of the Trust fund or any portion thereof.

Dated: -------------------------------
        [Name of Participant]

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

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

--------------------------------------
   [Address & Telephone No.]

                                       16

<PAGE>

                                    EXHIBIT G

                             TRUSTEE'S FEE SCHEDULE

                             [MATERIAL TO BE ADDED]

                                       17Exhibit 10-V

                                    GPU, INC.
                        1990 STOCK PLAN FOR EMPLOYEES OF

                           GPU, INC. AND SUBSIDIARIES

                             AS AMENDED AND RESTATED

                              TO REFLECT AMENDMENTS

                              THROUGH JUNE 3, 1999

<PAGE>

                        1990 STOCK PLAN FOR EMPLOYEES OF

                           GPU, INC. AND SUBSIDIARIES

1.       Purpose
         -------

         GPU, Inc. (the  "Corporation")  desires to attract and retain employees
of  outstanding  talent.  The 1990 Stock Plan for  Employees  of GPU,  Inc.  and
Subsidiaries (the "Plan") affords eligible  employees the opportunity to acquire
proprietary  interests in the Corporation and thereby  encourages  their highest
levels of performance.

2.       Scope and Duration
         ------------------

         (a)      Awards under the Plan may be granted in the following forms:

                  (i) incentive  stock options  ("incentive  stock  options") as
provided in Section 422 of the Internal  Revenue  Code of 1986,  as amended (the
"Code") and  non-qualified  stock options  ("non-qualified  options")  (the term
"options" includes incentive stock options and non-qualified options);

                  (ii) shares of Common  Stock of the  Corporation  (the "Common
Stock") which are restricted as provided in Section 10 ("restricted shares"); or

                  (iii)  rights to  acquire  shares of  Common  Stock  which are
restricted as provided in Section 10 ("units" or "restricted units").

Options may be accompanied by stock appreciation rights ("rights").

         (b) The maximum  aggregate number of shares of Common Stock as to which
awards of options,  restricted shares,  units or rights may be made from time to
time under the Plan is 1,974,190  shares.(1) Shares issued pursuant to this Plan
may be in whole or in part,  as the Board of Directors of the  Corporation  (the
"Board of Directors") shall from time to time determine, authorized but unissued
shares or issued

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

(1)    Initially,  1,000,000 shares were authorized to be issued under the Plan.
       On May 29, 1991, the  Corporation  effected a two-for-one  stock split by
       way of a stock dividend,  leaving 1,974,190 shares available for issuance
       under the Plan on and after  that  date,  after  giving  effect to shares
       previously awarded.

<PAGE>

shares  reacquired by the Corporation.  If for any reason any shares as to which
an option has been  granted  cease to be subject to purchase  thereunder  or any
restricted  shares or restricted units are forfeited to the  Corporation,  or to
the extent  that any awards  under the Plan  denominated  in shares or units are
paid or settled in cash or are surrendered upon the exercise of an option,  then
(unless  the Plan  shall have been  terminated)  such  shares or units,  and any
shares surrendered to the Corporation upon such exercise, shall become available
for  subsequent  awards  under the Plan unless such shares or units,  if so made
available for subsequent awards under the Plan, would not be exempt from Section
16(b) of the Securities  Exchange Act of 1934 (the  "Exchange  Act") pursuant to
Rule 16b-3, as amended,  thereunder;  provided, however, that shares surrendered
to the  Corporation  upon the exercise of an  incentive  stock option and shares
subject to an incentive  stock option  surrendered  upon the exercise of a right
shall not be available for  subsequent  award of additional  stock options under
the Plan.

         (c) No incentive stock option shall be granted hereunder after March 4,
2008.

         (d) The total  number of shares of Common  Stock with  respect to which
options may be granted  under the Plan to any employee  during any calendar year
shall not exceed 400,000 shares.

3.       Administration
         --------------

         (a) The Plan shall be  administered  by those members of the Personnel,
Compensation and Nominating Committee, or any successor thereto, of the Board of
Directors who are "nonemployee  directors"  within the meaning of Rule 16b-3, as
amended,  under  Section  16(b) of the Exchange  Act or by such other  committee
consisting  of not  less  than  two  persons  each  of  whom  shall  qualify  as
"non-employee  directors," as may be determined by the Board of Directors  ("the
Committee").

         (b) The Committee shall have plenary  authority in its sole discretion,
subject to and not inconsistent with the express provisions of this Plan: (i) to
grant  options,  to determine the purchase  price of the Common Stock covered by
each option,  the term of each option,  the  employees to whom,  and the time or
times at which,  options shall be granted and the number of shares to be covered
by each  option;  (ii) to  designate  options  as  incentive  stock  options  or
non-qualified  options and to determine  which options shall be  accompanied  by
rights;  (iii) to grant rights and to determine the purchase price of the Common
Stock covered by

<PAGE>

each right or related  option,  the term of each  right or related  option,  the
employees  to whom,  and the time or times at which,  rights or related  options
shall be granted and the number of shares to be covered by each right or related
option;  (iv) to grant  restricted  shares and restricted units and to determine
the  term of the  Restricted  Period  (as  defined  in  Section  10)  and  other
conditions  applicable to such shares or units,  the employees to whom,  and the
time or times at which,  restricted  shares or restricted units shall be granted
and the number of shares or units to be covered by each grant;  (v) to interpret
the Plan; (vi) to prescribe, amend and rescind rules and regulations relating to
the Plan;  (vii) to determine the terms and  provisions of the option and rights
agreements (which need not be identical) and the restricted share and restricted
unit  agreements  (which need not be identical)  entered into in connection with
awards under the Plan,  including  any  provisions of such  agreements  that may
permit a  recipient  of an  award of  restricted  units to  elect,  prior to the
vesting of such  units,  to defer the  payment of cash  and/or the  delivery  of
shares of Common Stock  otherwise to be made upon the vesting of such restricted
units,  and/or to defer the  payment  of any cash  compensation  awarded  to the
recipient  with  respect  to  such  restricted  units,  or with  respect  to any
restricted  stock  awarded to the  recipient,  either under this Plan or the GPU
System  Companies  Deferred  Compensation  Plan (a "Deferral");  and to make all
other determinations deemed necessary or advisable for the administration of the
Plan. Without limiting the foregoing, the Committee shall have plenary authority
in its  sole  discretion,  subject  to and not  inconsistent  with  the  express
provisions  of the Plan,  (1) to select  GPU  Officers  (as  defined  below) for
participation in the Plan, (2) to determine the timing,  price and amount of any
grant or award under the Plan to any GPU  Officer,  (3) either (A) to  determine
the form in which payment of any right granted or awarded under the Plan will be
made (i.e., cash,  securities or any combination  thereof) or (B) to approve the
election of the  employee to receive cash in whole or in part in  settlement  of
any right  granted  or awarded  under the Plan.  As used  herein,  the term "GPU
Officer"  shall  mean an  officer  (other  than  an  assistant  officer)  of the
Corporation  and any person who may from time to time be designated an executive
officer of the Corporation by its Board of Directors (the "Board"). The exercise
by the Committee of the powers  granted in clauses (i), (ii),  (iii),  (iv), and
(vii)  hereof  shall be subject to the  approval of the Board with  respect to a
recipient of an award hereunder who is an officer (other than assistant officer)
of the Corporation or the Chairman or President of any subsidiary (as defined in
Section 4(a) hereof) of the

<PAGE>

Corporation. (The Committee and the Board are sometimes hereinafter referred to
as the "Grantors.")

         (c) The Grantors may delegate to one or more of their members or to one
or more agents such  administrative  duties as they may deem advisable,  and the
Grantors  or any  person to whom they have  delegated  duties as  aforesaid  may
employ one or more persons to render  advice with respect to any  responsibility
the Grantors or such person may have under the Plan; provided, that the Grantors
may not delegate any duties to a member of the Board of Directors  who would not
qualify as a  "non-employee  director" to administer the Plan as contemplated by
Rule 16b-3, as amended,  or other  applicable  rules under the Exchange Act. The
Grantors may employ attorneys, consultants, accountants or other persons and the
Grantors,  the  Corporation  and its officers and directors shall be entitled to
rely upon the advice,  opinions or valuations  of any such persons.  All actions
taken and all  interpretations  and determinations  made by the Grantors in good
faith shall be final and binding upon all employees  who have  received  awards,
the Corporation and all other interested persons. Notwithstanding the foregoing,
any action taken or any  interpretation  or  determination  made by the Grantors
after the  occurrence  of a "Change in  Control"  (as  defined  in Section  7(c)
hereof) which  adversely  affects the rights of any employee with respect to any
award made to the employee hereunder shall be subject to judicial review under a
"de novo" rather than a deferential standard. No member or agent of the Grantors
shall be personally liable for any action, determination, or interpretation made
in good  faith  with  respect  to the Plan or awards  made  thereunder,  and all
members and agents of the Grantors shall be fully  protected by the  Corporation
in respect of any such action, determination or interpretation.

         (d)  Notwithstanding  any  other  provision  in this  Section  3 to the
contrary,  the  Committee  may  delegate to the Chief  Executive  Officer of the
Corporation  (the  "CEO")  authority  to  grant  options  to  employees  of  the
Corporation or its  subsidiaries  who are not officers of the Corporation or any
of its  subsidiaries,  subject  to such  limitations  and upon  such  terms  and
conditions as the Committee may specify in such delegation.

4.       Eligibility; Factors to be Considered in Making Awards

         (a)  Only employees of the Corporation or its subsidiaries may receive
awards under the Plan. The term  "subsidiary"  means any corporation one hundred
(100%) percent of the common stock of which is owned, directly or

<PAGE>

indirectly, by the Corporation.  A director of the Corporation or of a
subsidiary who is not also an employee will not be eligible to receive an award.

         (b) In  determining  the  employees to whom awards shall be granted and
the number of shares or units to be covered by each award, the Committee (or, in
the case of options  granted  pursuant to Section 3(d), the CEO) shall take into
account the nature of the  employee's  duties,  his or her present and potential
contributions  to the success of the  Corporation  and such other  factors as it
shall deem relevant in connection with accomplishing the purposes of the Plan.

         (c) Awards may be granted  singly,  in combination or in tandem and may
be  made  in  combination  or  in  tandem  with  or  in  replacement  of,  or as
alternatives  to, awards or grants under any other  employee plan  maintained by
the Corporation or its  subsidiaries.  An award made in the form of an option, a
unit or a right may provide,  in the  discretion of the  Committee,  for (i) the
crediting  to the account of, or the current  payment to, each  employee who has
such an award of an amount equal to the cash dividends and stock  dividends paid
by the Corporation  upon one share of Common Stock for each restricted  unit, or
share of Common Stock subject to an option or right, included in such award, and
for  each  restricted  unit  which  is  the  subject  of a  Deferral  ("Dividend
Equivalents"),  or (ii) the deemed reinvestment of such Dividend Equivalents and
stock dividends in shares of Common Stock or the deemed reinvestment of units in
additional units,  which deemed  reinvestment in each case shall be deemed to be
made in  accordance  with the  provisions  of  Section  10 and  credited  to the
employee's account  ("Additional Deemed Shares").  Such Additional Deemed Shares
shall  be  subject  to the  same  restrictions  (including  but not  limited  to
provisions regarding forfeitures) applicable with respect to the option, unit or
right with respect to which such credit is made. Dividend Equivalents not deemed
reinvested as stock dividends  shall not be subject to forfeiture,  and may bear
amounts equivalent to interest or cash dividends as the Committee may determine.
An employee who has been granted  incentive  stock options under the Plan may be
granted an additional  award or awards,  subject to such  limitations  as may be
imposed by the Code with respect to incentive stock options.

         (d) The Committee, in its sole discretion, may grant to an employee who
has been granted an award under the Plan or any other  employee plan  maintained
by the  Corporation,  any of its  subsidiaries,  or any  successor  thereto,  in
exchange for the surrender and cancellation of such award, a

<PAGE>

new award in the same or a different form and containing  such terms,  including
without  limitation a price which is different (either higher or lower) than any
price provided in the award so surrendered  and cancelled,  as the Committee may
deem appropriate.

5.       Option Price
         ------------

         (a) The purchase price of the Common Stock covered by each option shall
be determined by the Committee; provided, however, that the purchase price shall
not be less than 100% of the fair market  value of the Common  Stock on the date
the option is  granted.  Fair market  value shall mean the closing  price of the
Common Stock as reported on the New York Stock  Exchange  Composite Tape for the
date on which the option is granted,  or if there are no sales on such date,  on
the next preceding day on which there were sales. Such price shall be subject to
adjustment  as  provided in Section  13. The price so  determined  shall also be
applicable in connection with the exercise of any related right.

         (b) The purchase price of the shares as to which an option is exercised
shall  be paid in full at the  time of  exercise.  Payment  may be made in cash,
which may be paid by check or other instrument acceptable to the Corporation, in
shares of the Common  Stock,  valued at the closing price of the Common Stock as
reported on the New York Stock Exchange Composite Tape for the date of exercise,
or if there were no sales on such date, on the next preceding day on which there
were sales,  or (if  permitted  by the  Committee  and subject to such terms and
conditions  as it may  determine) by surrender of  outstanding  awards under the
Plan.  In  addition,  the  purchase  price  may be paid in  whole  or in part by
delivering  a  properly  executed  exercise  notice  in a form  approved  by the
Committee together with irrevocable instructions to a broker to promptly deliver
to the Corporation  the applicable  amount of the proceeds from the sale or loan
securities.  The purchase price may also be paid in such other form or manner as
the Committee may from time to time approve.

         (c) At the time of any  exercise  of an option  granted to an  employee
hereunder,  the employee shall pay any amount  determined by the Committee to be
necessary to satisfy all  applicable  federal,  state or local tax  requirements
relating to such  exercise.  The  Committee may permit such amount to be paid in
other shares of Common Stock owned by the  employee,  or a portion of the shares
of  Common  Stock  that  otherwise  would be issued  to the  employee  upon such
exercise  of the  option,  or a  combination  of cash and shares of such  Common
Stock.

<PAGE>

6.       Term of Options
         ---------------

         The term of each option  granted under the Plan shall be such period of
time as the Committee shall determine, but not more than ten years from the date
of grant. Unless sooner forfeited pursuant to the terms of the applicable option
agreement or cancelled  pursuant to Section  7(c)  hereof,  each option  granted
under the Plan shall  expire at the end of its term.  Notwithstanding  any other
provision  in this Plan to the  contrary,  no option  granted  hereunder  may be
exercised after the expiration of its term.

7.       Exercise of Options
         -------------------

         (a) Each option  granted  under the Plan shall become  exercisable,  in
whole  or in  part,  at such  time or times  during  its  term as the  agreement
evidencing the grant of such option shall specify;  provided,  however, that the
Committee may also, in its  discretion,  accelerate  the  exercisability  of any
option in whole or in part at any time.

         (b) Each  option  granted  under the Plan that has  become  exercisable
pursuant to Section  7(a) hereof shall remain  exercisable  thereafter  for such
period  of time  prior to the  expiration  of its  term  (including  any  period
subsequent to the employee's  termination of employment with the Corporation and
all of its subsidiaries  for any reason) as the option agreement  evidencing the
grant of such option shall provide.

         (c)  Subject  to  subsection  (e) below but  notwithstanding  any other
provision  of the  Plan,  upon the  occurrence  of a Change  in  Control  of the
Corporation  (the date upon which such event  occurs  shall be  referred  to for
purposes of this Plan as an "Acceleration  Date"), all options granted under the
Plan prior to June 3, 1999 and still  outstanding on the Acceleration Date shall
be  cancelled,  and the  Corporation's  obligation  in respect of each option so
cancelled  shall be  discharged  by payment  to the  holder of such  option of a
single cash lump sum, in an amount  determined under subsection (d) below.  Such
amount shall be payable as soon as practicable after the Acceleration  Date. For
purposes of the Plan, a "Change in Control" shall mean the occurrence during the
term of the Plan of:

<PAGE>

                  (1) An acquisition  (other than directly from the Corporation)
of any Common Stock or other voting  securities of the  Corporation  entitled to
vote  generally for the election of directors (the "Voting  Securities")  by any
"Person" (as the term person is used for  purposes of Section  13(d) or 14(d) of
the  Securities  Exchange  Act  of  1934,  as  amended  (the  "Exchange  Act")),
immediately  after  which such  Person has  "Beneficial  Ownership"  (within the
meaning of Rule 13d-3  promulgated  under the  Exchange  Act) of twenty  percent
(20%) or more of the then  outstanding  shares of Common  Stock or the  combined
voting power of the Corporation's then outstanding Voting Securities;  provided,
however,  in  determining  whether  a Change in  Control  has  occurred,  Voting
Securities  which are acquired in a "Non-Control  Acquisition"  (as  hereinafter
defined)  shall not  constitute  an  acquisition  which  would cause a Change in
Control.  A  "Non-Control  Acquisition"  shall  mean  an  acquisition  by (A) an
employee benefit plan (or a trust forming a part thereof)  maintained by (i) the
Corporation  or (ii) any  corporation or other Person of which a majority of its
voting  power or its  voting  equity  securities  or equity  interest  is owned,
directly or indirectly,  by the Corporation (for purposes of this definition,  a
"Subsidiary"),  (B) the  Corporation or its  Subsidiaries,  or (C) any Person in
connection with a "Non-Control Transaction" (as hereinafter defined);

                  (2) The individuals  who, as of August 1, 1996, are members of
the  Board of  Directors  (the  "Incumbent  Board"),  cease  for any  reason  to
constitute  at least  seventy  percent  (70%)  of the  members  of the  Board of
Directors;  provided,  however, that if the election, or nomination for election
by the Corporation's shareholders, of any new director was approved by a vote of
at least  two-thirds  of the  Incumbent  Board,  such new  director  shall,  for
purposes  of this  Plan,  be  considered  as a member  of the  Incumbent  Board;
provided  further,  however,  that no individual shall be considered a member of
the Incumbent Board if such individual  initially  assumed office as a result of
either an actual or threatened  "Election  Contest" (as described in Rule 14a-11
promulgated  under the Exchange Act) or other actual or threatened  solicitation
of  proxies  or  consents  by or on behalf of a Person  other  than the Board of
Directors (a "Proxy Contest")  including by reason of any agreement  intended to
avoid or settle any Election Contest or Proxy Contest; or

<PAGE>

                  (3)  The consummation of:

                           (A)  A merger, consolidation or reorganization with
or into the  Corporation or in which  securities of the  Corporation are issued,
unless  such  merger,   consolidation  or   reorganization   is  a  "Non-Control
Transaction." A "Non-Control Transaction" shall mean a merger,  consolidation or
reorganization  with or into  the  Corporation  or in  which  securities  of the
Corporation are issued where:
                                    (i)  the shareholders of the Corporation,
immediately before such merger, consolidation or reorganization, own directly or
indirectly  immediately following such merger,  consolidation or reorganization,
at least sixty  percent  (60%) of the combined  voting power of the  outstanding
voting securities of the corporation resulting from such merger or consolidation
or  reorganization  (the  "Surviving  Corporation")  in  substantially  the same
proportion as their ownership of the Voting Securities  immediately  before such
merger, consolidation or reorganization,

                                    (ii)  the individuals who were members of
the  Incumbent  Board  immediately  prior  to the  execution  of  the  agreement
providing for such merger,  consolidation or reorganization  constitute at least
seventy  percent (70%) of the members of the board of directors of the Surviving
Corporation,  or a corporation,  directly or indirectly,  beneficially  owning a
majority of the Voting Securities of the Surviving Corporation, and

                                    (iii)  no Person other than (w) the
Corporation,  (x) any  Subsidiary,  (y) any employee  benefit plan (or any trust
forming a part thereof) that, immediately prior to such merger, consolidation or
reorganization,  was maintained by the Corporation or any Subsidiary, or (z) any
Person who,  immediately  prior to such merger,  consolidation or reorganization
had Beneficial Ownership of twenty percent (20%) or more of the then outstanding
Voting  Securities or Common Stock,  has Beneficial  Ownership of twenty percent
(20%) or more of the combined voting power of the Surviving  Corporation's  then
outstanding voting securities or its common stock.

                           (B)  A complete liquidation or dissolution of the
Corporation; or

<PAGE>

                           (C)  The sale or other disposition of all or
substantially  all of the assets of the  Corporation to any Person (other than a
transfer to a Subsidiary).

         Notwithstanding the foregoing,  a Change in Control shall not be deemed
to occur solely because any Person (the "Subject  Person")  acquired  Beneficial
Ownership of more than the permitted amount of the then outstanding Common Stock
or Voting  Securities as a result of the  acquisition  of Common Stock or Voting
Securities by the Corporation  which, by reducing the number of shares of Common
Stock or Voting Securities then outstanding,  increases the proportional  number
of shares  Beneficially Owned by the Subject Persons,  provided that if a Change
in Control would occur (but for the  operation of this  sentence) as a result of
the  acquisition  of  shares  of  Common  Stock  or  Voting  Securities  by  the
Corporation,  and after such share  acquisition by the Corporation,  the Subject
Person becomes the Beneficial Owner of any additional  shares of Common Stock or
Voting Securities which increases the percentage of the then outstanding  shares
of Common Stock or Voting Securities  Beneficially  Owned by the Subject Person,
then a Change in Control shall occur.

         (d) The lump sum payment to be made pursuant to subsection (c) above in
respect of any option  granted prior to June 3, 1999 shall be an amount equal to
(i) the  excess,  if any, of the  Determined  Value of all shares that are still
subject to the option as of the  Acceleration  Date  (including any shares as to
which the option had not otherwise become  exercisable  prior to such date) over
the  aggregate  purchase  price of such  shares,  less  (ii) the  amount  of all
federal,  state and local taxes  required by law to be withheld  with respect to
such payment. The "Determined Value" of the shares still subject to an option as
of the  Acceleration  Date shall mean the amount  determined by multiplying  the
number of such  shares by the  "Multiplication  Factor,"  as  defined in Section
10(f)(i) hereof.

         (e) Any incentive  stock option granted under the Plan prior to June 3,
1999,  and any option  granted  under the Plan  after that date,  which is still
outstanding  immediately  prior to the  occurrence of a Change in Control shall,
upon the occurrence of the Change in Control,  become immediately exercisable as
to all shares of Common  Stock that are then still  subject to the  option.  The
holder of any such  option  shall be provided an  opportunity  to exercise  such
option at such time prior to the time as of which the Change in Control  becomes
effective,  and in  accordance  with such  procedures,  as the  Committee  shall
determine. To the extent

<PAGE>

an  incentive  stock option  granted  under the Plan prior to June 3, 1999 is so
exercised,  the option  shall not be  cancelled  as provided in  subsection  (c)
above.

         (f) An option may be exercised, at any time or from time to time during
its  term  (subject,  in  the  case  of  an  incentive  stock  option,  to  such
restrictions  as may be imposed by the Code), as to any or all full shares as to
which the option has become and remains exercisable;  provided, however, that an
option may not be  exercised at any one time as to less than 100 shares (or less
than the  number of shares as to which the option is then  exercisable,  if that
number is less than 100 shares).

         (g) Upon the  exercise  of an option or portion  thereof in  accordance
with the Plan,  the option  agreement and such rules and  regulations  as may be
established  by the  Committee,  the holder  thereof  shall have the rights of a
shareholder with respect to the shares issued as a result of such exercise.

8.       Award and Exercise of Rights
         ----------------------------

         (a) A right may be  awarded by the  Committee  in  connection  with any
option  granted  under the Plan,  either at the time the  option is  granted  or
thereafter at any time prior to the exercise,  termination  or expiration of the
option ("tandem right"), or separately ("freestanding right"). Each tandem right
shall be subject  to the same terms and  conditions  as the  related  option and
shall be exercisable only to the extent the option is exercisable. A right shall
be exercisable  (as to a tandem right,  only to the extent the related option is
exercisable) on or after an Acceleration Date.

         (b) A right shall entitle the employee upon exercise in accordance with
its terms (subject,  in the case of a tandem right, to the surrender unexercised
of the related option or any portion or portions thereof which the employee from
time to time  determines to surrender  for this purpose) to receive,  subject to
the  provisions of the Plan and such rules and  regulations as from time to time
may be established by the Committee,  a payment having an aggregate  value equal
to the  product of (A) the excess of (i) the fair market  value on the  exercise
date of one share of Common Stock over (ii) the exercise price per share, in the
case of a tandem  right,  or the price per share  specified  in the terms of the
right,  in the case of a  freestanding  right,  multiplied  by (B) the number of
shares with  respect to which the right shall have been  exercised.  The payment
may be

<PAGE>

made in the form of all  cash,  all  shares of Common  Stock,  or a  combination
thereof, as elected by the employee.

         (c) The  exercise  price per  share  specified  in a right  shall be as
determined  by the  Committee,  provided  that,  in the case of a  tandem  right
accompanying  an incentive  stock option,  the exercise  price shall be not less
than fair market value of the Common Stock subject to such option on the date of
grant.

         (d) If upon the  exercise  of a right  the  employee  is to  receive  a
portion of the payment in shares of Common Stock,  the number of shares shall be
determined  by dividing  such portion by the fair market value of a share on the
exercise date. The number of shares received may not exceed the number of shares
covered by any option or portion thereof surrendered.  Cash will be paid in lieu
of any fractional share.

         (e) No payment  will be required  from an employee  upon  exercise of a
right, except that any amount necessary to satisfy applicable federal,  state or
local tax  requirements  shall be withheld or paid promptly by the employee upon
notification  of the amount due and prior to or  concurrently  with  delivery of
cash or a certificate  representing shares. The Committee may permit such amount
to be paid in shares of Common  Stock  previously  owned by the  employee,  or a
portion of the shares of Common Stock that  otherwise  would be  distributed  to
such employee upon exercise of the right, or a combination of cash and shares of
such Common Stock.

         (f) The fair market  value of a share  shall mean the closing  price of
the Common Stock as reported on the New York Stock  Exchange  Composite Tape for
the date of  exercise,  or if  there  are no  sales  on such  date,  on the next
preceding day on which there were sales; provided,  however, that in the case of
rights that relate to an incentive stock option, the Committee may prescribe, by
rules of general  application,  such other  measure of fair market  value as the
Committee  may in its  discretion  determine  but not in excess  of the  maximum
amount  that  would  be  permissible  under  Section  422  of the  Code  without
disqualifying such option under Section 422.

         (g) Upon  exercise of a tandem fight,  the number of shares  subject to
exercise under the related option shall  automatically  be reduced by the number
of shares represented by the option or portion thereof surrendered.

<PAGE>

         (h) A right related to an incentive  stock option may only be exercised
if the fair market value of a share of Common Stock on the exercise date exceeds
the option price.

9.       Non-Transferability of Options, Rights and Units;
         Holding Periods for GPU Officers
         --------------------------------

         Except as may  otherwise be provided in the  agreement  evidencing  the
grant of any option, right or unit hereunder, any option, right, or unit granted
under the Plan shall not be transferable  by the grantee thereof  otherwise than
by will or the laws of descent and distribution;  provided, that the designation
of a beneficiary by an employee shall not constitute a transfer; and options and
rights may be exercised during the lifetime of the employee only by the employee
or,  unless such  exercise  would  disqualify  an option as an  incentive  stock
option, by the employee's guardian or legal representative.

10.      Award and Delivery of Restricted
         Shares or Restricted Units
         --------------------------

         (a) At the time an award of restricted  shares or  restricted  units is
made, the Committee shall establish a period of time (the  "Restricted  Period")
applicable to such award.  Each award of restricted  shares or restricted  units
may  have a  different  Restricted  Period.  The  Committee  may,  in  its  sole
discretion,  at the  time  an  award  is  made,  prescribe  conditions  for  the
incremental lapse of restrictions during the Restricted Period and for the lapse
or termination of  restrictions  upon the  satisfaction  of other  conditions in
addition to or other than the expiration of the  Restricted  Period with respect
to all  or any  portion  of the  restricted  shares  or  restricted  units.  The
Committee may also, in its sole discretion,  shorten or terminate the Restricted
Period,  or waive any conditions  for the lapse or  termination of  restrictions
with respect to all or any portion of the restricted shares or restricted units.
Notwithstanding the foregoing,  all restrictions shall lapse, and the Restricted
Period shall  terminate,  with respect to all  restricted  shares or  restricted
units upon the  occurrence  of an  Acceleration  Date or at such earlier time as
provided for in Section 11 or Section 12.

         (b) (1) Unless such shares are issued as uncertificated shares pursuant
to  paragraph  (3)  below,  a  stock  certificate  representing  the  number  of
restricted  shares  granted to an employee shall be registered in the employee's
name but shall be held in custody by the  Corporation  or an agent  therefor for
the employee's account.

<PAGE>

The employee shall  generally have the rights and privileges of a shareholder as
to such restricted  shares,  including the right to vote such restricted shares,
except  that,  subject  to the  provisions  of Section  11 and  Section  12, the
following  restrictions  shall apply:  (i) the employee shall not be entitled to
delivery  of  the  certificate  until  the  expiration  or  termination  of  the
Restricted Period and the satisfaction of any other conditions prescribed by the
Committee;  (ii)  none  of  the  restricted  shares  may be  sold,  transferred,
assigned,  pledged, or otherwise encumbered or disposed of during the Restricted
Period and until the  satisfaction  of any other  conditions  prescribed  by the
Committee at the time of award; and (iii) all of the restricted  shares shall be
forfeited  and all  rights  of the  employee  to such  restricted  shares  shall
terminate without further  obligation on the part of the Corporation  unless the
employee has remained an employee of the Corporation or any of its  subsidiaries
until  the  expiration  or   termination  of  the  Restricted   Period  and  the
satisfaction of any other conditions  prescribed by the Committee at the time of
award applicable to such restricted  shares. At the discretion of the Committee,
(x) cash and stock dividends with respect to the restricted shares may be either
currently paid or withheld by the  Corporation for the employee's  account,  and
interest  may be paid on the  amount of cash  dividends  withheld  at a rate and
subject to such terms as  determined  by the  Committee or (y) the Committee may
require that all cash dividends be applied to the purchase of additional  shares
of Common Stock,  and such purchased  shares,  together with any stock dividends
related to such restricted shares (such purchased shares and stock dividends are
hereafter  referred to as  "Additional  Restricted  Shares") shall be treated as
Additional Shares, subject to forfeiture on the same terms and conditions as the
original grant of the restricted shares to the employee.

                  (2) The  purchase  of any such  Additional  Restricted  Shares
shall be made either (i) through the  Corporation's  Dividend  Reinvestment  and
Stock  Purchase  Plan,  in which  event  the price of such  shares so  purchased
through the  reinvestment of dividends shall be as determined in accordance with
the  provisions  of  that  plan  and  no  stock  certificate  representing  such
Additional  Restricted Shares shall be registered in the employee's name or (ii)
in accordance with such alternative  procedure as is determined by the Committee
in which event the price of such purchased  shares shall be the closing price of
the Common Stock as reported on the New York Stock  Exchange  Composite Tape for
the date on which such purchase is made, or if there were no sales on such date,
the next preceding day on which there

<PAGE>

were sales. In the event that the Committee shall not require reinvestment, cash
or stock  dividends  so  withheld  by the  Committee  shall  not be  subject  to
forfeiture.  Upon  the  forfeiture  of  any  restricted  shares  (including  any
Additional Restricted Shares), such forfeited shares shall be transferred to the
Corporation without further action by the employee.  The employee shall have the
same  rights  and  privileges,  and be subject  to the same  restrictions,  with
respect to any shares received pursuant to Section 13.

                  (3)  Notwithstanding  anything herein to the contrary,  shares
representing  restricted shares or Additional Restricted Shares may be issued as
uncertificated shares.

         (c) Upon the expiration or termination of the Restricted Period and the
satisfaction of any other conditions  prescribed by the Committee at the time of
award,  or at such earlier time as provided for in Section 11 or Section 12, the
restrictions   applicable  to  the  restricted  shares   (including   Additional
Restricted  Shares)  shall  lapse  and a stock  certificate  for the  number  of
restricted shares (including any Additional  Restricted  Shares) with respect to
which  the  restrictions  have  lapsed  shall  be  delivered,  free of all  such
restrictions,  except  any that may be imposed by law,  to the  employee  or the
employee's  beneficiary or estate, as the case may be. The Corporation shall not
be  required to deliver any  fractional  share of Common  Stock but will pay, in
lieu thereof,  the fair market value (determined as of the date the restrictions
lapse) of such fractional share to the employee or the employee's beneficiary or
estate, as the case may be.

         No payment  will be required  from the  employee  upon the  issuance or
delivery of any restricted  shares,  except that any amount necessary to satisfy
applicable  federal,  state or local tax requirements  shall be withheld or paid
promptly upon  notification of the amount due and prior to or concurrently  with
the  issuance  or  delivery  of a  certificate  representing  such  shares.  The
Committee may permit such amount to be paid in shares of Common Stock previously
owned by the employee, or a portion of the shares of Common Stock that otherwise
would  be  distributed  to such  employee  upon the  lapse  of the  restrictions
applicable to the restricted shares, or a combination of cash and shares of such
Common Stock.

<PAGE>

         (d) In the case of an award of  restricted  units,  no shares of Common
Stock shall be issued at the time the award is made, and the  Corporation  shall
not be required to set aside a fund for the payment of any such award.

         (e)  Subject to subsection (g) below:

                  (i) Upon  the  expiration  or  termination  of the  Restricted
Period or the occurrence of an  Acceleration  Date and the  satisfaction  of any
other conditions prescribed by the Committee or at such earlier time as provided
for in Section 11 or Section 12, the  Corporation  shall deliver to the employee
or the employee's beneficiary or estate, as the case may be, one share of Common
Stock for each  restricted  unit with  respect  to which the  restrictions  have
lapsed ("vested unit").

                  (ii) In addition, if the Committee has not required the deemed
reinvestment  of such Dividend  Equivalents  pursuant to Section 4, at such time
the  Corporation  shall  deliver  to the  employee  cash  equal to any  Dividend
Equivalents  or stock  dividends  credited with respect to each such vested unit
and, to the extent determined by the Committee, the interest thereupon. However,
if the Committee has required such deemed  reinvestment  in connection with such
restricted  unit, in addition to the stock  represented by such vested unit, the
Corporation shall deliver the number of Additional Deemed Shares credited to the
employee with respect to such vested unit.

                  (iii) Notwithstanding the foregoing, the Committee may, in its
sole discretion, elect to pay cash or part cash and part Common Stock in lieu of
delivering only Common Stock for the vested units and related  Additional Deemed
Shares. If a cash payment is made in lieu of delivering Common Stock, the amount
of such cash payment  shall be equal to the closing price of the Common Stock as
reported on the New York Stock Exchange Composite Tape for the date on which the
Restricted Period lapsed with respect to such vested unit and related Additional
Deemed Shares,  or if there are no sales on such date, on the next preceding day
on which there were sales.

         (f) Upon the occurrence of an Acceleration Date, all outstanding vested
units (including  restricted units whose restrictions have lapsed as a result of
the occurrence of such Acceleration  Date) and credited Dividend  Equivalents or
related  Additional  Deemed Shares shall be payable as soon as practicable after
such Acceleration Date in cash, in shares

<PAGE>

of Common Stock, or part in cash and part in Common Stock, as the Committee,  in
its sole discretion, shall determine.

                  (i)  Subject to  subsection  (g) below,  to the extent that an
employee  receives  cash in payment for his or her vested  units and  Additional
Deemed Shares,  such  employees  shall receive an amount equal to the product of
(x) the number of vested units and  Additional  Deemed  Shares  credited to such
employee's  account  for  which  such  employee  is  receiving  payment  in cash
multiplied by (y) the highest  closing price per share of Common Stock occurring
during  the  ninety  (90) day period  preceding  and the ninety  (90) day period
following the Acceleration Date (the "Multiplication Factor").

                  (ii) Subject to  subsection  (g) below,  to the extent that an
employee  receives  Common  Stock in  payment  for his or her  vested  units and
Additional  Deemed  Shares,  such employee shall receive the number of shares of
Common Stock  determined by dividing (x) the product of (I) the number of vested
units and Additional Deemed Shares credited to such employee's account for which
such  employee  is  receiving  payment in Common  Stock  multiplied  by (II) the
Multiplication  Factor,  by (y) the fair  market  value per share of the  Common
Stock for the day  preceding  the payment date, or if there are no sales on such
date, on the next preceding day on which there were sales.

         (g) No payment will be required from the employee upon the award of any
restricted  units,  the  crediting  or payment of any  Dividend  Equivalents  or
Additional Deemed Shares, or the delivery of Common Stock or the payment of cash
in  respect  of vested  units,  except  that any  amount  necessary  to  satisfy
applicable  federal,  state or local tax requirements  shall be withheld or paid
promptly  upon  notification  of the amount due. The  Committee  may permit such
amount to be paid in shares of Common Stock previously owned by the employee, or
a portion of the shares of Common Stock that  otherwise  would be distributed to
such  employee in respect of vested units and  Additional  Deemed  Shares,  or a
combination of cash and shares of such Common Stock.

         (h) In addition,  the Committee  shall have the right,  in its absolute
discretion,  upon or prior to the vesting of any  restricted  shares  (including
Additional  Restricted Shares) and restricted units (including Additional Deemed
Shares) to award cash compensation to the employee for the purpose of aiding the
employee in the payment of any and all  federal,  state and local  income  taxes
payable  as a result of such  vesting,  if the  performance  of the  Corporation
during

<PAGE>

the  Restricted   Period  meets  such  criteria  as  the  Committee  shall  have
prescribed.

         (i)  Notwithstanding  any other  provision  in this  Section  10 to the
contrary,  any  payment of cash and/or  delivery  of any shares of Common  Stock
otherwise  required  to be  made  hereunder  on any  date  with  respect  to any
restricted  units  awarded  to  an  employee,   or  with  respect  to  any  cash
compensation  awarded to an employee  pursuant to subsection  (h) above,  may be
deferred,  at the employee's  election,  either under this Plan or under the GPU
Companies  Deferred  Compensation Plan, to the extent such deferral is permitted
under,  and upon such terms and  conditions  as may be set forth in, the written
agreement between the employee and the Corporation (whether as initially entered
into, or as  subsequently  amended)  evidencing the award of such units, or cash
compensation, to the employee.

11.      Termination of Employment
         -------------------------

         Unless  otherwise  determined by the Committee,  if an employee to whom
restricted shares or restricted units have been granted ceases to be an employee
of  the  Corporation  or of  any of its  subsidiaries  prior  to the  end of the
Restricted  Period applicable to the shares or units so granted and prior to the
satisfaction of' any other conditions prescribed by the Committee at the time of
grant for any reason other than as set forth in Section 12, the  employee  shall
immediately  forfeit  all  restricted  shares and  restricted  units so granted,
including all Additional  Restricted  Shares or Additional Deemed Shares related
thereto.

         Any option,  right,  restricted share or restricted unit agreement,  or
any rules and  regulations  relating to the Plan, may contain such provisions as
the Committee  shall  approve with  reference to the  determination  of the date
employment  terminates  and the effect of leaves of absence.  Any such rules and
regulations  with reference to any option agreement shall be consistent with the
provisions of the Code and any applicable rules and regulations thereunder.

Nothing in the Plan or in any award  granted  pursuant to the Plan shall  confer
upon any employee any right to continue in the employ of the  Corporation or any
of its subsidiaries or interfere in any way with the right of the Corporation or
any such subsidiary to terminate such employment at any time.

<PAGE>

12.      Eligible Retirement, Death or Total Disability of Employee
         ----------------------------------------------------------

         (a) If the Committee so determines,  the agreement evidencing the grant
of any  restricted  shares or  restricted  units to any  employee may permit the
restricted  shares  or  restricted  units so  granted,  or any  portion  of such
restricted  shares or restricted  units,  to become  vested upon the  employee's
death, Total Disability or Eligible Retirement.

         (b) For purposes of this Plan,  (i) "Total  Disability"  shall mean the
permanent  inability  of an employee,  as a result of accident or  sickness,  to
perform  any  and  every  duty  pertaining  to  such  employee's  occupation  or
employment for which the employee is suited by reason of the employee's previous
training,  education and experience,  and (ii) "Eligible  Retirement" shall mean
the date  upon  which  an  employee,  having  attained  an age of not less  than
fifty-five, terminates his or her employment with the Corporation and all of its
subsidiaries,  provided that such employee is immediately  eligible to receive a
pension  (whether or not he or she otherwise elects to defer such receipt) under
Section 3.1 or 3.3 of the "Employee  Pension Plan"  maintained by any subsidiary
or  subsidiaries of the  Corporation  for salaried  employees,  or any successor
thereto.

13.      Adjustments Upon Changes in Capitalization, etc.
         ------------------------------------------------

         Notwithstanding  any other  provision of the Plan, the Committee may at
any time make or provide  for such  adjustments  to the Plan,  to the number and
class of shares available thereunder or to any outstanding  options,  restricted
shares or restricted  units as it shall deem  appropriate to prevent dilution or
enlargement of rights,  including  adjustments in the event of  distributions to
holders  of Common  Stock  other  than a normal  cash  dividend,  changes in the
outstanding   Common   Stock   by   reason   of  stock   dividends,   split-ups,
recapitalizations, mergers, consolidations, combinations or exchanges of shares,
separations,  reorganizations,  liquidations  and the like.  In the event of any
offer to holders of Common Stock generally  relating to the acquisition of their
shares,  the Committee may make such adjustment as it deems equitable in respect
of  outstanding   options,   rights,  and  restricted  units  including  in  the
Committee's  discretion revision of outstanding options,  rights, and restricted
units so that  they  may be  exercisable  for or  payable  in the  consideration
payable in

<PAGE>

the acquisition  transaction.  Any such  determination by the Committee shall be
conclusive  and  binding  on all  parties.  No  adjustment  shall be made in the
minimum number of shares with respect to which an option may be exercised at any
time. Any fractional shares resulting from such adjustments to options,  rights,
limited rights, or restricted units shall be eliminated.

14.      Effective Date
         --------------

         The Plan as initially  adopted became effective as of June 1, 1990. The
Committee  may,  in its  discretion,  grant  awards  under the Plan,  the grant,
exercise or payment of which shall be expressly  subject to the conditions  that
to the extent required at the time of grant,  exercise or payment (i) the shares
of Common  Stock  covered by such awards  shall be duly  listed,  upon  official
notice  of  issuance,  upon  the  New  York  Stock  Exchange,  and  (ii)  if the
Corporation  deems it necessary or desirable a Registration  Statement under the
Securities Act of 1933 with respect to such shares shall be effective.

15.      Termination and Amendment
         -------------------------

         The Board of  Directors  of the  Corporation  may  suspend,  terminate,
modify or amend the Plan,  provided  that no  amendment or  modification  to the
penultimate sentence of Section 3(c), to Section 7(c) or to this Section 15, nor
any suspension or termination of the Plan,  effectuated  (i) at the request of a
third party who has  indicated an intention or taken steps to effect a Change in
Control  and who  effectuates  a Change in  Control,  (ii) within six (6) months
prior to, or otherwise in connection  with, or in  anticipation  of, a Change in
Control which has been  threatened  or proposed and which  actually  occurs,  or
(iii)  following  a Change in  Control,  shall be  effective  if the  amendment,
modification,  suspension  or  termination  adversely  affects the rights of any
employee under the Plan. If the Plan is terminated, the terms of the Plan shall,
notwithstanding  such termination,  continue to apply to awards granted prior to
such  termination.  In  addition,  no  amendment,  modification,  suspension  or
termination of the Plan shall  adversely  affect the rights of any employee with
respect to any award (including without limitation any right with respect to the
timing and method of payment of any award)  granted to the employee prior to the
date of the adoption of such amendment, modification,  suspension or termination
without such employee's written consent.

<PAGE>

16.      Written Agreements
         ------------------

         Each award of options,  rights,  restricted  shares or restricted units
shall be  evidenced  by a written  agreement,  executed by the  employee and the
Corporation, which shall contain such restrictions,  terms and conditions as the
Committee may require.

17.      Effect on Other Stock Plans
         ---------------------------

         The  adoption  of the Plan shall have no effect on awards made or to be
made pursuant to other stock plans covering  employees of the  Corporation,  its
subsidiaries, or any successors thereto.

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