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EXHIBIT 10.8  

  
 

    AMENDMENT TO
  AMENDED AND RESTATED STOCKHOLDERS AGREEMENT    
  

        This Amendment to the Amended and Restated Stockholders Agreement (the "Amendment") is entered into and effective
as of March 1, 2001, by and among Hispanic Broadcasting Corporation (formerly known as Heftel Broadcasting Corporation, the "Company") and each
of the stockholders listed on the signature pages hereto, and each other holder of record of Common Stock (as defined in the Agreement, as hereinafter defined). The stockholders listed on the
signature pages hereto are hereinafter individually referred to as a "Stockholder" and collectively as the
"Stockholders". Capitalized terms used in this Amendment shall have the same meaning as corresponding capitalized terms in the Agreement. 

RECITALS:

        A.    The
Company and each of the Stockholders entered into that certain Amended and Restated Stockholders Agreement dated as of December 1, 1998 (the
"Agreement"). 

        B.    Under
the Agreement, the parties agreed, among other things, that a Transfer in a Margin Call of Common Stock owned by any Tichenor Stockholder in an amount of up to 25%
of the number of shares of Common Stock owned by such Tichenor Stockholder as of the effective time of the Merger would not be subject to the provisions of Sections 2.3 and 2.4 of the Agreement. 

        C.    The
parties hereto now desire to amend the Agreement to increase the amount of Common Stock which a Tichenor Stockholder may transfer in a Margin Call and not be subject
to the provisions of Section 2.3 and 2.4 of the Agreement. 

        NOW,
THEREFORE, in consideration of the mutual covenants and obligations hereinafter set forth, the parties hereto, intending to be legally bound, hereby agree as follows: 

AGREEMENT: 

        1.    Section 4.1(a)
of the Agreement shall be amended to read in its entirety as follows: 

        "(a) A
Transfer in a Margin Call of Common Stock owned by any Tichenor Stockholder in an amount of up to 50% of the number of shares of Common Stock owned by such Tichenor
Stockholder as of the effective time of the Merger (as set forth on the signature pages here (which number reflects the Company's one for one stock dividend as of December 1, 1997), and as
adjusted for any stock splits, stock dividends payable in Common Stock or securities exercisable or exchangeable for Common Stock, or reverse stock splits)." 

        2.    This
Agreement contains the entire understanding of the parties hereto respecting the subject matter hereof and supersedes all prior agreements, discussions and
understandings with respect thereto. 

        3.    Except
as expressly modified by the terms and provisions hereof, each and every term and provision of the Agreement are hereby ratified and shall remain in full force and
effect and each of the parties hereto covenants to observe, comply with and perform each of the terms and provisions of the Agreement as modified hereby; provided, however, that any reference to the
Agreement shall be deemed, from and after the date hereof, to refer to the Agreement as modified hereby. 

        4.    This
Agreement may be executed in two or more counterparts, and each counterpart shall be deemed to be an original and which counterparts together shall constitute one
and the same Agreement of the parties hereto. 

 

        Executed
as of the date first written above. 

	 	 	HISPANIC BROADCASTING CORPORATION
	

 	
 	

By:	

/s/  MCHENRY T. TICHENOR, JR.      

	 	 	Name:	McHenry T. Tichenor, Jr.
	 	 	Title:	Chief Executive Officer

	 	 	CLEAR CHANNEL COMMUNICATIONS, INC.
	

 	
 	

By:	

/s/  RANDALL MAYS      

	 	 	Name:	Randall Mays
	 	 	Title:	Chief Financial Officer

	 	 	CLEAR CHANNEL RADIO, INC.
	

 	
 	

By:	

/s/  RANDALL MAYS      

	 	 	Name:	Randall Mays
	 	 	Title:	Chief Financial Officer

	 	 	McHenry T. Tichenor, Jr.
	

 	
 	

By:	

/s/  MCHENRY T. TICHENOR, JR.      

	 	 	Name:	McHenry T. Tichenor, Jr.
	 	 	Title:	 
	 	 	 	

	 	 	McHenry T. Tichenor, Sr.
	

 	
 	

By:	

/s/  MCHENRY T. TICHENOR, SR.      

	 	 	Name:	McHenry T. Tichenor, Jr.
	 	 	Title:	Director

2

 

	 	 	FIRST NATIONAL BANK OF FORT COLLINS, TRUSTEE OF THE DAVID T. TICHENOR TRUST
	

 	
 	

By:	

/s/  BARBARA L. MENEELY      

	 	 	Name:	Barbara L. Meneely
	 	 	Title:	Vice President

	 	 	WARREN W. TICHENOR
	

 	
 	

By:	

/s/  WARREN W. TICHENOR      

	 	 	Name:	Warren W. Tichenor
	 	 	Title:	 
	 	 	 	

	 	 	WILLIAM E. TICHENOR
	

 	
 	

By:	

/s/  WILLIAM E. TICHENOR      

	 	 	Name:	William E. Tichenor
	 	 	Title:	 
	 	 	 	

	 	 	JEAN TICHENOR
	

 	
 	

By:	

/s/  JEAN TICHENOR      

	 	 	Name:	Jean Tichenor
	 	 	Title:	 
	 	 	 	

3

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AMENDMENT TO AMENDED AND RESTATED STOCKHOLDERS AGREEMENT<Page>

                                METALS USA, INC.
                                UNION 401(K) PLAN

                           JANUARY 1, 2000 RESTATEMENT

<Page>

                                TABLE OF CONTENTS

                                    PREAMBLE

<Table>
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                                    ARTICLE I
                                   DEFINITIONS

1.1        PLAN DEFINITIONS................................................................................... 2
1.2        INTERPRETATION..................................................................................... 8

                                   ARTICLE II
                                     SERVICE

2.1        SPECIAL DEFINITIONS................................................................................ 9
2.2        CREDITING OF HOURS OF SERVICE...................................................................... 9
2.3        CREDITING OF CONTINUOUS SERVICE ...................................................................10
2.3        ELIGIBILITY SERVICE................................................................................10
2.4        VESTING SERVICE....................................................................................10
2.5        CREDITING OF SERVICE ON TRANSFER OR AMENDMENT .....................................................10
2.6        CREDITING OF SERVICE TO LEASED EMPLOYEES ..........................................................10

                                   ARTICLE III
                                   ELIGIBILITY

3.1        ELIGIBILITY........................................................................................12
3.2        TRANSFERS OF EMPLOYMENT............................................................................12
3.3        REEMPLOYMENT.......................................................................................12
3.4        NOTIFICATION CONCERNING NEW ELIGIBLE EMPLOYEES.....................................................12
3.5        EFFECT AND DURATION................................................................................12

                                   ARTICLE IV
                           TAX-DEFERRED CONTRIBUTIONS

4.1        TAX-DEFERRED CONTRIBUTIONS.........................................................................13
4.2        AMOUNT OF TAX-DEFERRED CONTRIBUTIONS...............................................................13
4.3        AMENDMENTS TO REDUCTION AUTHORIZATION..............................................................13
4.4        SUSPENSION OF TAX-DEFERRED CONTRIBUTIONS...........................................................14
4.5        RESUMPTION OF TAX-DEFERRED CONTRIBUTIONS...........................................................14
4.6        DELIVERY OF TAX-DEFERRED CONTRIBUTIONS.............................................................14
4.7        VESTING OF TAX-DEFERRED CONTRIBUTIONS..............................................................14
</Table>

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                                    ARTICLE V
                      AFTER-TAX AND ROLLOVER CONTRIBUTIONS

5.1        TRANSFERRED AFTER-TAX CONTRIBUTIONS................................................................15
5.2        ROLLOVER CONTRIBUTIONS.............................................................................15
5.3        VESTING OF AFTER-TAX CONTRIBUTIONS AND ROLLOVER CONTRIBUTIONS......................................15

                                   ARTICLE VI
                             EMPLOYER CONTRIBUTIONS

6.1        CONTRIBUTION PERIOD................................................................................16
6.2        PROFIT-SHARING CONTRIBUTIONS.......................................................................16
6.3        ALLOCATION OF PROFIT-SHARING CONTRIBUTIONS.........................................................16
6.4        QUALIFIED NONELECTIVE CONTRIBUTIONS................................................................16
6.5        ALLOCATION OF QUALIFIED NONELECTIVE CONTRIBUTIONS..................................................16
6.6        AMOUNT AND ALLOCATION OF MATCHING CONTRIBUTIONS....................................................17
6.7        LIMIT ON TAX-DEFERRED CONTRIBUTIONS MATCHED........................................................17
6.8        QUALIFIED MATCHING CONTRIBUTIONS...................................................................17
6.9        VERIFICATION OF AMOUNT OF EMPLOYER CONTRIBUTIONS BY THE SPONSOR....................................17
6.10       PAYMENT OF EMPLOYER CONTRIBUTIONS..................................................................17
6.11       ALLOCATION REQUIREMENTS FOR EMPLOYER CONTRIBUTIONS.................................................18
6.12       EXCEPTIONS TO ALLOCATION REQUIREMENTS FOR EMPLOYER CONTRIBUTIONS...................................18
6.13       VESTING OF EMPLOYER CONTRIBUTIONS..................................................................18
6.14       ELECTION OF FORMER VESTING SCHEDULE................................................................19
6.15       FORFEITURES TO REDUCE EMPLOYER CONTRIBUTIONS.......................................................19

                                   ARTICLE VII
                          LIMITATIONS ON CONTRIBUTIONS

7.1        DEFINITIONS........................................................................................20
7.2        CODE SECTION 402(g) LIMIT..........................................................................22
7.3        DISTRIBUTION OF EXCESS DEFERRALS...................................................................23
7.4        LIMITATION ON TAX-DEFERRED CONTRIBUTIONS OF HIGHLY COMPENSATED
           EMPLOYEES..........................................................................................23
7.5        DETERMINATION AND ALLOCATION OF EXCESS TAX-DEFERRED CONTRIBUTIONS AMONG HIGHLY COMPENSATED
           EMPLOYEES..........................................................................................25
7.6        DISTRIBUTION OF EXCESS TAX-DEFERRED CONTRIBUTIONS..................................................26
7.7        MULTIPLE USE LIMITATION............................................................................26
7.8        TREATMENT OF FORFEITED MATCHING CONTRIBUTIONS......................................................27
7.9        DETERMINATION OF INCOME OR LOSS....................................................................27
7.10       CODE SECTION 415 LIMITATIONS ON CREDITING OF CONTRIBUTIONS AND FORFEITURES.........................27
7.11       APPLICATION OF CODE SECTION 415 LIMITATIONS WHERE PARTICIPANT IS COVERED
           UNDER OTHER QUALIFIED DEFINED CONTRIBUTION PLAN....................................................28
7.12       SCOPE OF LIMITATIONS...............................................................................28
</Table>

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                                  ARTICLE VIII
                            TRUST FUNDS AND ACCOUNTS

8.1        GENERAL FUND.......................................................................................29
8.2        INVESTMENT FUNDS...................................................................................29
8.3        LOAN INVESTMENT FUND...............................................................................29
8.4        INCOME ON TRUST....................................................................................29
8.5        ACCOUNTS...........................................................................................29
8.6        SUB-ACCOUNTS.......................................................................................30

                                   ARTICLE IX
                            LIFE INSURANCE CONTRACTS

9.1        NO LIFE INSURANCE CONTRACTS........................................................................31

                                    ARTICLE X
                     DEPOSIT AND INVESTMENT OF CONTRIBUTIONS

10.1       FUTURE CONTRIBUTION INVESTMENT ELECTIONS...........................................................32
10.2       DEPOSIT OF CONTRIBUTIONS...........................................................................32
10.3       ELECTION TO TRANSFER BETWEEN FUNDS.................................................................32
10.4       404(c) PROTECTION..................................................................................32

                                   ARTICLE XI
                         CREDITING AND VALUING ACCOUNTS

11.1       CREDITING ACCOUNTS.................................................................................33
11.2       VALUING ACCOUNTS...................................................................................33
11.3       PLAN VALUATION PROCEDURES..........................................................................33
11.4       FINALITY OF DETERMINATIONS.........................................................................34
11.5       NOTIFICATION.......................................................................................34

                                   ARTICLE XII
                                      LOANS

12.1       APPLICATION FOR LOAN...............................................................................35
12.2       REDUCTION OF ACCOUNT UPON DISTRIBUTION.............................................................35
12.3       REQUIREMENTS TO PREVENT A TAXABLE DISTRIBUTION.....................................................36
12.4       ADMINISTRATION OF LOAN INVESTMENT FUND.............................................................37
12.5       DEFAULT............................................................................................37
12.6       DEEMED DISTRIBUTION UNDER CODE SECTION 72(p).......................................................38
12.7       TREATMENT OF OUTSTANDING BALANCE OF LOAN DEEMED DISTRIBUTED UNDER CODE SECTION 72(p)...............38
</Table>

                                       iii
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12.8       SPECIAL RULES APPLICABLE TO LOANS..................................................................39
12.9       LOANS GRANTED PRIOR TO AMENDMENT...................................................................39

                                  ARTICLE XIII
                           WITHDRAWALS WHILE EMPLOYED

13.1       NON-HARDSHIP WITHDRAWALS OF AFTER-TAX CONTRIBUTIONS................................................40
13.3       AGE 59 1/2 WITHDRAWALS.............................................................................40
13.4       OVERALL LIMITATIONS ON NON-HARDSHIP WITHDRAWALS....................................................41
13.5       HARDSHIP WITHDRAWALS...............................................................................41
13.6       HARDSHIP DETERMINATION.............................................................................41
13.7       SATISFACTION OF NECESSITY REQUIREMENT FOR HARDSHIP WITHDRAWALS.....................................42
13.8       CONDITIONS AND LIMITATIONS ON HARDSHIP WITHDRAWALS.................................................42
13.9       ORDER OF WITHDRAWAL FROM A PARTICIPANT'S SUB-ACCOUNTS..............................................43

                                   ARTICLE XIV
                  TERMINATION OF EMPLOYMENT AND SETTLEMENT DATE

14.1       TERMINATION OF EMPLOYMENT AND SETTLEMENT DATE......................................................44
14.2       SEPARATE ACCOUNTING FOR NON-VESTED AMOUNTS.........................................................44
14.3       DISPOSITION OF NON-VESTED AMOUNTS..................................................................44
14.4       TREATMENT OF FORFEITED AMOUNTS.....................................................................45
14.5       RECREDITING OF FORFEITED AMOUNTS...................................................................45

                                   ARTICLE XV
                                  DISTRIBUTIONS

15.1       DISTRIBUTIONS TO PARTICIPANTS......................................................................47
15.2       PARTIAL DISTRIBUTIONS TO RETIRED OR TERMINATED PARTICIPANTS........................................47
15.3       DISTRIBUTIONS TO BENEFICIARIES.....................................................................47
15.4       CASH OUTS AND PARTICIPANT CONSENT..................................................................48
15.5       REQUIRED COMMENCEMENT OF DISTRIBUTION..............................................................48
15.6       TRANSITION RULES FOR REQUIRED COMMENCEMENT OF DISTRIBUTION ........................................49
15.7       REEMPLOYMENT OF A PARTICIPANT......................................................................49
15.8       RESTRICTIONS ON ALIENATION.........................................................................49
15.9       FACILITY OF PAYMENT................................................................................50
15.10      INABILITY TO LOCATE PAYEE..........................................................................50
15.11      DISTRIBUTION PURSUANT TO QUALIFIED DOMESTIC RELATIONS ORDERS.......................................50
</Table>

                                       iv
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                                   ARTICLE XVI
                                 FORM OF PAYMENT

16.1       DEFINITIONS........................................................................................51
16.2       NORMAL FORM OF PAYMENT.............................................................................52
16.3       OPTIONAL FORMS OF PAYMENT..........................................................................52
16.4       CHANGE OF ELECTION.................................................................................52
16.5       AUTOMATIC ANNUITY REQUIREMENTS.....................................................................53
16.6       QUALIFIED PRERETIREMENT SURVIVOR ANNUITY REQUIREMENTS .............................................53
16.7       DIRECT ROLLOVER....................................................................................53
16.8       NOTICE REGARDING FORMS OF PAYMENT..................................................................55
16.9       REEMPLOYMENT.......................................................................................56

                                  ARTICLE XVII
                                  BENEFICIARIES

17.1       DESIGNATION OF BENEFICIARY.........................................................................57
17.2       SPOUSAL CONSENT REQUIREMENTS.......................................................................57

                                  ARTICLE XVIII
                                 ADMINISTRATION

18.1       AUTHORITY OF THE SPONSOR...........................................................................58
18.2       DISCRETIONARY AUTHORITY............................................................................58
18.3       ACTION OF THE SPONSOR..............................................................................58
18.4       CLAIMS REVIEW PROCEDURE............................................................................59
18.5       QUALIFIED DOMESTIC RELATIONS ORDERS................................................................60
18.6       INDEMNIFICATION....................................................................................60
18.7       ACTIONS BINDING....................................................................................60

                                   ARTICLE XIX
                            AMENDMENT AND TERMINATION

19.1       AMENDMENT..........................................................................................61
19.2       LIMITATION ON AMENDMENT............................................................................61
19.3       TERMINATION........................................................................................61
19.4       REORGANIZATION.....................................................................................62
19.5       WITHDRAWAL OF AN EMPLOYER..........................................................................63
</Table>

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                                   ARTICLE XX
                           ADOPTION BY OTHER ENTITIES

20.1       ADOPTION BY RELATED COMPANIES......................................................................64
20.2       EFFECTIVE PLAN PROVISIONS..........................................................................64

                                   ARTICLE XXI
                            MISCELLANEOUS PROVISIONS

21.1       NO COMMITMENT AS TO EMPLOYMENT.....................................................................65
21.2       BENEFITS...........................................................................................65
21.3       NO GUARANTEES......................................................................................65
21.4       EXPENSES...........................................................................................65
21.5       PRECEDENT..........................................................................................65
21.6       DUTY TO FURNISH INFORMATION .......................................................................65
21.7       MERGER, CONSOLIDATION, OR TRANSFER OF PLAN ASSETS..................................................66
21.8       BACK PAY AWARDS....................................................................................66
21.9       CONDITION ON EMPLOYER CONTRIBUTIONS................................................................66
21.10      RETURN OF CONTRIBUTIONS TO AN EMPLOYER.............................................................67
21.11      VALIDITY OF PLAN...................................................................................67
21.12      TRUST AGREEMENT....................................................................................67
21.13      PARTIES BOUND......................................................................................67
21.14      APPLICATION OF CERTAIN PLAN PROVISIONS.............................................................67
21.15      MERGED PLANS.......................................................................................68
21.16      TRANSFERRED FUNDS .................................................................................68
21.17      VETERANS REEMPLOYMENT RIGHTS.......................................................................68
21.18      DELIVERY OF CASH AMOUNTS...........................................................................68
21.19      WRITTEN COMMUNICATIONS.............................................................................68

                                  ARTICLE XXII
                              TOP-HEAVY PROVISIONS

22.1       APPLICABILITY......................................................................................69

                                  ARTICLE XXIII
                                 EFFECTIVE DATE

23.1       GUST EFFECTIVE DATES...............................................................................70
</Table>

                                       vi
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                                    PREAMBLE

The Metals USA, Inc. Union 401(k) Plan, originally effective as of October 1,
1998, is hereby amended and restated in its entirety. Except as otherwise
specifically provided in Article XXIII, this amendment and restatement shall be
effective as of January 1, 2000. The Plan, as amended and restated hereby, is
intended to qualify as a profit-sharing plan under Code Section 401(a), and
includes a cash or deferred arrangement that is intended to qualify under Code
Section 401(k). The Plan is maintained for the exclusive benefit of eligible
employees and their beneficiaries. It is anticipated that a number of plans
maintained by the Sponsor and other Predecessor Employers shall be merged into
and made a part of the Plan.

Notwithstanding any other provision of the Plan to the contrary, a Participant's
vested interest in his Account under the Plan on and after the effective date of
this amendment and restatement shall be not less than his vested interest in his
account on the day immediately preceding the effective date. Any provision of
the Plan that restricted or limited withdrawals, loans, or other distributions,
or otherwise required separate accounting with respect to any portion of a
Participant's Account immediately prior to the later of the effective date of
this amendment and restatement or the date this amendment and restatement is
adopted and the elimination of which would adversely affect the qualification of
the Plan under Code Section 401(a) shall continue in effect with respect to such
portion of the Participant's Account as if fully set forth in this amendment and
restatement.

It is contemplated that a number of plans maintained by the Sponsor and other
Predecessor Employers shall be merged into and made a part of the Plan. All
assets and liabilities of the merged plans are transferred to and made a part of
the Plan. Each Employee who was eligible to participate in one of the merged
plans immediately prior to the merger date shall continue to be eligible to
participate in the Plan on and after the merger date. In no event shall a
Participant's vested interest in his Sub-Account attributable to amounts
transferred to the Plan from one of the merged plans (his "transferee
Sub-Account") on and after the merger date be less than his vested interest in
his account under the merged plan immediately prior to the merger date.
Notwithstanding any other provision of the Plan to the contrary, a Participant's
service credited for eligibility and vesting purposes under one the merged plans
as of the merger date, if any, shall be included as Eligibility and Vesting
Service under the Plan to the extent Eligibility and Vesting Service are
credited under the Plan.

To the extent that Employees, whose employment is governed by the terms of a
collective bargaining agreement, negotiate terms that are different than the
terms set forth in this Plan, the terms of the collective bargaining agreement
shall prevail, except to the extent that such provisions would cause the Plan to
fail to satisfy the qualification requirements of the Internal Revenue Code or
ERISA. Such terms of the collective bargaining agreement shall be incorporated
herein by reference and, to the extent such terms differ from the Plan
provisions stated herein, shall be summarized in an Appendix that shall also be
a part of this Plan.

                                        1
<Page>

                                    ARTICLE I
                                   DEFINITIONS

1.1     PLAN DEFINITIONS

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

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

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

An "AFTER-TAX CONTRIBUTION" means any after-tax employee contribution made by a
Participant to the Plan as may be permitted under Article V or as may have been
permitted under the terms of the Plan prior to this amendment and restatement or
any after-tax employee contribution made by a Participant to another plan that
is transferred directly to the Plan.

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

A Participant's "BENEFIT PAYMENT DATE" means (i) if payment is made through the
purchase of an annuity, the first day of the first period for which the annuity
is payable or (ii) if payment is made in any other form, the first day on which
all events have occurred which entitle the Participant to receive payment of his
benefit.

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

The "COMPENSATION" of a Participant for any period means his wages, salaries,
fees for professional service, and all other amounts received for personal
services actually rendered in the course of employment with an Employer paid to
him for such period for services as an Employee, but excluding (i) contributions
made by the Participant's Employer to a plan of deferred compensation to the
extent that, before application of the limitations of Code Section 415 to such
plan, the contributions are not includible in the gross income of the
Participant for the taxable year in which contributed, (ii) contributions made
by the Employer to a simplified employee pension described in Code Section
408(k), (iii) any distributions from a plan of deferred compensation (except
amounts received pursuant to an unfunded non-qualified plan in

                                        2
<Page>

the year such amounts are includible in the gross income of the Participant),
(iv) amounts received from the exercise of a non-qualified stock option or when
restricted stock held by the Participant becomes freely transferable or is no
longer subject to substantial risk of forfeiture, (v) amounts received from the
sale, exchange or other disposition of stock acquired under a qualified or
incentive stock option, (vi) any other amounts which receive special tax
benefits, such as premiums for group term life insurance (but only to the extent
that the premiums are not includible in the gross income of the Participant),
and (vii) contributions made by the Employer (whether or not pursuant to a
salary reduction agreement) towards the purchase of an annuity described in Code
Section 403(b) (whether or not the amounts are excludable from the gross income
of the Participant).

Notwithstanding the foregoing, Compensation includes any amount that would have
been included in the foregoing description, but for the Participant's election
to defer payment of such amount under Code Section 125, 402(e)(3), 402(h)(1)(B),
403(b), or 457(b) and certain contributions described in Code Section 414(h)(2)
that are picked up by the employing unit and treated as employer contributions.

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

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

"DISABLED" means that a Participant is unable to engage in any substantial,
gainful activity by reason of any medically determinable physical or mental
impairment that can be expected to result in death or which has lasted, or can
be expected to last, for a continuous period of not less than 12 months. The
permanence and determination of such disability shall be supported by medical
evidence. A Participant shall not be considered disabled for purposes of this
paragraph if any of the following causative factors exist:

        (1)     such disability was contracted, suffered or incurred while such
                Participant was engaging in, or having engaged in, a felonious
                criminal act;

                                        3
<Page>

        (2)     such disability resulted from an injury incurred while a member
                of the armed forces of the United States after the effective
                date of this Plan and for which such Participant receives a
                military pension; or

        (3)     such disability was an occupational injury or disease sustained
                by an Employee while working for other than an Employer.

"EARLY RETIREMENT DATE" of an employee means the date he attains age 55.

An "ELIGIBLE EMPLOYEE" means any Employee who has met the eligibility
requirements of Article III to participate in the Plan.

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

An "EMPLOYEE" means any employee of an Employer who is covered by a collective
bargaining agreement between his Employer and employee representatives, other
than an employee who is a nonresident alien who does not receive United States
source income, and any individual who is a signatory to a contract, letter of
agreement or other document that acknowledges his status as an independent
contractor not entitled to benefits under the Plan or who is not otherwise
classified by the Employer as a common law employee and with respect to whom the
Employer does not withhold income taxes and file Form W-2 (or any replacement
Form), with the Internal Revenue Service and does not remit Social Security
payments to the Federal government, even if such individual is later
reclassified as a common law employee; provided, however, that if any such
individuals are reclassified as employees of an Employer and if as a result of
such reclassification the Plan would not otherwise meet the minimum coverage
requirements of Section 410(b) of the Code in any Plan Year, the group of
employees eligible to participate in the Plan shall be expanded to include the
minimum number of reclassified employees that is necessary to meet the minimum
coverage requirements. The reclassified employees who become eligible to
participate under the provisions of the immediately preceding clause shall be
those reclassified employees who have completed the greatest number of Hours of
Service during the Plan Year.

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

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

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

                                        4
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"ERISA" means the Employee Retirement Income Security Act of 1974, as amended
from time to time. Reference to a section of ERISA includes such section and any
comparable section or sections of any future legislation that amends,
supplements, or supersedes such section.

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

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

A "highly compensated active employee" includes any Employee who performs
services for an Employer or any Related Company during the Plan Year and who (i)
was a five percent owner at any time during the Plan Year or the "look back
year" or (ii) received "compensation" from the Employers and Related Companies
during the "look back year" in excess of $80,000 (subject to adjustment annually
at the same time and in the same manner as under Code Section 415(d)).

A "highly compensated former employee" includes any Employee who (1) separated
from service from an Employer and all Related Companies (or is deemed to have
separated from service from an Employer and all Related Companies) prior to the
Plan Year, (2) performed no services for an Employer or any Related Company
during the Plan Year, and (3) was a "highly compensated active employee" for
either the separation year or any Plan Year ending on or after the date the
Employee attains age 55, as determined under the rules in effect under Code
Section 414(q) for such year.

The determination of who is a Highly Compensated Employee hereunder shall be
made in accordance with the provisions of Code Section 414(q) and regulations
issued thereunder.

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

(a)     An employee's "compensation" means compensation as defined in Code
        Section 415(c)(3) and regulations issued thereunder.

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

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

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

                                        5
<Page>

A "MATCHING CONTRIBUTION" means any Employer Contribution made to the Plan on
account of a Participant's Tax-Deferred Contributions as provided in Article VI,
including Regular Matching Contributions and any such contribution that is
designated by an Employer as a Qualified Matching Contribution.

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

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

The "PLAN" means the Metals USA, Inc. Union 401(k) Plan, as from time to time in
effect.

A "PLAN YEAR" means the 12-consecutive-month period ending each December 31.

A "PREDECESSOR EMPLOYER" means any company that is a predecessor organization to
an Employer under the Code.

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

A "QUALIFIED JOINT AND SURVIVOR ANNUITY" means an immediate annuity payable at
earliest retirement age under the Plan, as defined in regulations issued under
Code Section 401(a)(11), that is payable (i) for the life of a Participant, if
the Participant is not married, or (ii) for the life of a Participant with a
survivor annuity payable for the life of the Participant's spouse that is equal
to at least 50 percent, but not more than 100 percent, of the amount of the
annuity payable during the joint lives of the Participant and his spouse, if the
Participant is married. No survivor annuity shall be payable to the
Participant's spouse under a Qualified Joint and Survivor Annuity if such spouse
is not the same spouse to whom the Participant was married on his Benefit
Payment Date.

A "QUALIFIED MATCHING CONTRIBUTION" means any Matching Contribution made to the
Plan as provided in Article VI that is 100 percent vested when made and may be
taken into account to satisfy the limitations on Tax-Deferred Contributions made
by Highly Compensated Employees under Article VII.

A "QUALIFIED NONELECTIVE CONTRIBUTION" means any Employer Contribution made to
the Plan as provided in Article VI that is 100 percent vested when made and may
be taken into account to satisfy the limitations on Tax-Deferred Contributions
and/or Matching Contributions made by or on behalf of Highly Compensated
Employees under Article VII, other than Qualified Matching Contributions.

                                        6
<Page>

A "QUALIFIED PRERETIREMENT SURVIVOR ANNUITY" means an annuity payable for the
life of a Participant's surviving spouse if the Participant dies prior to his
Benefit Payment Date.

A "REGULAR MATCHING CONTRIBUTION" means any Matching Contribution made to the
Plan at the rate specified in Article VI, other than any Matching Contribution
characterized by the Employer as a Qualified Matching Contribution.

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

A Participant's "REQUIRED BEGINNING DATE" means the following:

(a)     for a Participant who is not a "five percent owner", April 1 of the
        calendar year following the calendar year in which occurs the later of
        the Participant's (i) attainment of age 70 1/2 or (ii) Settlement Date.

(b)     for a Participant who is a "five percent owner", April 1 of the calendar
        year following the calendar year in which the Participant attains age
        70 1/2.

A Participant is a "five percent owner" if he is a five percent owner, as
defined in Code Section 416(i) and determined in accordance with Code Section
416, but without regard to whether the Plan is top-heavy, for the Plan Year
ending with or within the calendar year in which the Participant attains age
70 1/2. The Required Beginning Date of a Participant who is a "five percent
owner" hereunder shall not be redetermined if the Participant ceases to be a
five percent owner as defined in Code Section 416(i) with respect to any
subsequent Plan Year.

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

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

A "SINGLE LIFE ANNUITY" means an annuity payable for the life of a Participant.

The "SPONSOR" means Metals USA, Inc., and any successor thereto.

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

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

                                        7
<Page>

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

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

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

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

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

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

1.2     INTERPRETATION

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

                                        8
<Page>

                                   ARTICLE II
                                     SERVICE

2.1     SPECIAL DEFINITIONS

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

The "CONTINUOUS SERVICE" of an employee means the continuous service credited to
him in accordance with the provisions of this Article.

The "EMPLOYMENT COMMENCEMENT DATE" of an employee means the date he first
completes an Hour of Service.

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

The "REEMPLOYMENT COMMENCEMENT DATE" of an employee means the first date
following a "severance date" on which he again completes an Hour of Service.

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

2.2     CREDITING OF HOURS OF SERVICE

A person shall be credited with an Hour of Service for each hour for which he is
paid, or entitled to payment, for the performance of duties for an Employer, a
Predecessor Employer, or any

                                        9
<Page>

Related Company. Except as otherwise specifically provided with respect to
Predecessor Employers, Hours of Service shall not be credited for employment
with a corporation or business prior to the date such corporation or business
becomes a Related Company.

2.3     CREDITING OF CONTINUOUS SERVICE

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

2.3     ELIGIBILITY SERVICE

An employee shall be credited with Eligibility Service equal to his "continuous
service".

2.4     VESTING SERVICE

An employee shall be credited with Vesting Service equal to his "continuous
service". Vesting Service shall be computed to the nearest 1/12th of a year
treating each calendar month or portion of a calendar month in which an employee
is credited with "continuous service" as 1/12th year of Vesting Service.

2.5     CREDITING OF SERVICE ON TRANSFER OR AMENDMENT

Notwithstanding any other provision of the Plan to the contrary, if an Employee
is transferred from employment covered under a qualified plan maintained by an
Employer or a Related Company for which service is credited based on Hours of
Service and computation periods in accordance with Department of Labor
Regulations Section 2530.200 through 2530.203 to employment covered under the
Plan or, prior to amendment, the Plan provided for crediting of service on the
basis of Hours of Service and computation periods in accordance with Department
of Labor Regulations Section 2530.200 through 2530.203, an affected Employee
shall be credited with Eligibility Service and Vesting Service hereunder as
provided in Treasury Regulations Section 1.410(a)-7(f)(1).

2.6     CREDITING OF SERVICE TO LEASED EMPLOYEES

Notwithstanding any other provision of the Plan to the contrary, a "leased
employee" working for an Employer or a Related Company (other than an
"excludable leased employee") shall be considered an employee of such Employer
or Related Company for purposes of Eligibility and Vesting Service crediting
under the Plan, but shall not be eligible to participate in the Plan. Such

                                       10
<Page>

"leased employee" shall also be considered an employee of such Employer or
Related Company for purposes of applying Code Sections 401(a)(3), (4), (7), and
(16), and 408(k), 415, and 416.

A "leased employee" means any person who performs services for an Employer or a
Related Company (the "recipient") (other than an employee of the "recipient")
pursuant to an agreement between the "recipient" and any other person (the
"leasing organization") on a substantially full-time basis for a period of at
least one year, provided that such services are performed under primary
direction of or control by the "recipient". An "excludable leased employee"
means any "leased employee" of the "recipient" who is covered by a money
purchase pension plan maintained by the "leasing organization" which provides
for (i) a nonintegrated employer contribution on behalf of each participant in
the plan equal to at least ten percent of compensation, (ii) full and immediate
vesting, and (iii) immediate participation by employees of the "leasing
organization" (other than employees who perform substantially all of their
services for the "leasing organization" or whose compensation from the "leasing
organization" in each plan year during the four-year period ending with the plan
year is less than $1,000); provided, however, that "leased employees" do not
constitute more than 20 percent of the "recipient's" nonhighly compensated work
force. For purposes of this Section, contributions or benefits provided to a
"leased employee" by the "leasing organization" that are attributable to
services performed for the "recipient" shall be treated as provided by the
"recipient".

                                       11
<Page>

                                   ARTICLE III
                                   ELIGIBILITY

3.1     ELIGIBILITY

Each Employee who was an Eligible Employee immediately prior to January 1, 2000
shall continue to be an Eligible Employee on January 1, 2000. Each other
Employee shall become an Eligible Employee as of the Enrollment Date coinciding
with or next following the date on which he has completed six months of
Eligibility Service.

3.2     TRANSFERS OF EMPLOYMENT

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

3.3     REEMPLOYMENT

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

3.4     NOTIFICATION CONCERNING NEW ELIGIBLE EMPLOYEES

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

3.5     EFFECT AND DURATION

Upon becoming an Eligible Employee, an Employee shall be entitled to make
Tax-Deferred Contributions to the Plan in accordance with the provisions of
Article IV and receive allocations of Employer Contributions in accordance with
the provisions of Article VI (provided he meets any applicable requirements
thereunder) and shall be bound by all the terms and conditions of the Plan and
the Trust Agreement. A person shall continue as an Eligible Employee eligible to
make Tax-Deferred Contributions to the Plan and to participate in allocations of
Employer Contributions only so long as he continues employment as an Employee.

                                       12
<Page>

                                   ARTICLE IV
                           TAX-DEFERRED CONTRIBUTIONS

4.1     TAX-DEFERRED CONTRIBUTIONS

Effective as of the date he becomes an Eligible Employee, each Eligible Employee
may elect, in accordance with rules prescribed by the Administrator, to have
Tax-Deferred Contributions made to the Plan on his behalf by his Employer as
hereinafter provided. An Eligible Employee's election shall include his
authorization for his Employer to reduce his Compensation and to make
Tax-Deferred Contributions on his behalf. An Eligible Employee who elects not to
have Tax-Deferred Contributions made to the Plan as of the first Enrollment Date
he becomes eligible to participate may change his election by amending his
reduction authorization as prescribed in this Article.

Tax-Deferred Contributions on behalf of an Eligible Employee shall commence with
the first payment of Compensation made on or after the date on which his
election is effective.

4.2     AMOUNT OF TAX-DEFERRED CONTRIBUTIONS

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

4.3     AMENDMENTS TO REDUCTION AUTHORIZATION

An Eligible Employee may elect, in the manner prescribed by the Administrator,
to change the amount of his future Compensation that his Employer contributes on
his behalf as Tax-Deferred Contributions. An Eligible Employee may amend his
reduction authorization at such time or times during the Plan Year as the
Administrator may prescribe by giving such number of days advance notice of his
election as the Administrator may prescribe. An Eligible Employee who amends his
reduction authorization shall be limited to selecting an amount of his
Compensation that is otherwise permitted under this Article IV. Tax-Deferred
Contributions shall be made on behalf of such Eligible Employee by his Employer
pursuant to his properly amended reduction authorization commencing with
Compensation paid to the Eligible Employee on or after the date such amendment
is effective, until otherwise altered or terminated in accordance with the Plan.

                                       13
<Page>

4.4     SUSPENSION OF TAX-DEFERRED CONTRIBUTIONS

An Eligible Employee on whose behalf Tax-Deferred Contributions are being made
may elect, in the manner prescribed by the Administrator, to have such
contributions suspended at any time by giving such number of days advance notice
of his election as the Administrator may prescribe. Any such voluntary
suspension shall take effect commencing with Compensation paid to such Eligible
Employee on or after the expiration of the required notice period and shall
remain in effect until Tax-Deferred Contributions are resumed as hereinafter set
forth.

4.5     RESUMPTION OF TAX-DEFERRED CONTRIBUTIONS

An Eligible Employee who has voluntarily suspended his Tax-Deferred
Contributions may elect, in the manner prescribed by the Administrator, to have
such contributions resumed. An Eligible Employee may make such election at such
time or times during the Plan Year as the Administrator may prescribe, by giving
such number of days advance notice of his election as the Administrator may
prescribe.

4.6     DELIVERY OF TAX-DEFERRED CONTRIBUTIONS

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

4.7     VESTING OF TAX-DEFERRED CONTRIBUTIONS

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

                                       14
<Page>

                                    ARTICLE V
                      AFTER-TAX AND ROLLOVER CONTRIBUTIONS

5.1     TRANSFERRED AFTER-TAX CONTRIBUTIONS

Eligible Employees are not currently permitted to make After-Tax Contributions
to the Plan. However, the Plan includes assets attributable to After-Tax
Contributions transferred to the Plan from another qualified plan.

5.2     ROLLOVER CONTRIBUTIONS

An Employee who was a participant in a plan qualified under Code Section 401 and
who receives (or is eligible to receive) a cash distribution from such plan that
he elects either (i) to roll over immediately to a qualified retirement plan or
(ii) to roll over into a conduit IRA from which he receives a later cash
distribution, may elect to make a Rollover Contribution to the Plan if he is
entitled under Code Section 402(c) or 408(d)(3)(A) to roll over such
distribution to another qualified retirement plan. The Administrator may require
an Employee to provide it with such information as it deems necessary or
desirable to show that he is entitled to roll over such distribution to another
qualified retirement plan. An Employee shall make a Rollover Contribution to the
Plan by delivering, or causing to be delivered, to the Trustee the cash that
constitutes the Rollover Contribution amount within 60 days of receipt of the
distribution from the plan or from the conduit IRA in the manner prescribed by
the Administrator.

5.3     VESTING OF AFTER-TAX CONTRIBUTIONS AND ROLLOVER CONTRIBUTIONS

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

                                       15
<Page>

                                   ARTICLE VI
                             EMPLOYER CONTRIBUTIONS

6.1     CONTRIBUTION PERIOD

The Contribution Periods for Employer Contributions shall be as follows:

(a)     The Contribution Period for Matching Contributions under the Plan is
        each Plan Year.

(b)     The Contribution Period for Qualified Nonelective Contributions under
        the Plan is each Plan Year.

(c)     The Contribution Period for Profit-Sharing Contributions under the Plan
        is each Plan Year.

6.2     PROFIT-SHARING CONTRIBUTIONS

Each Employer may, in its discretion, make a Profit-Sharing Contribution to the
Plan for the Contribution Period in an amount determined by the Employer.

6.3     ALLOCATION OF PROFIT-SHARING CONTRIBUTIONS

Any Profit-Sharing Contribution made by an Employer for a Contribution Period
shall be allocated among its Eligible Employees during the Contribution Period
who have met the allocation requirements for Profit-Sharing Contributions
described in this Article. The allocable share of each such Eligible Employee
shall be in the ratio which his Compensation from the Employer for the
Contribution Period bears to the aggregate of such Compensation for all such
Eligible Employees.

6.4     QUALIFIED NONELECTIVE CONTRIBUTIONS

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

6.5     ALLOCATION OF QUALIFIED NONELECTIVE CONTRIBUTIONS

Any Qualified Nonelective Contribution made for a Contribution Period shall be
allocated among the Eligible Employees during the Contribution Period who have
met the allocation requirements for Qualified Nonelective Contributions
described in this Article, other than any such Eligible Employee who is a Highly
Compensated Employee. The allocable share of each such Eligible Employee in the
Qualified Nonelective Contribution shall be in the ratio which his Compensation
from the Employer for the Plan Year bears to the aggregate of such Compensation
for all such Eligible Employees.

                                       16
<Page>

6.6     AMOUNT AND ALLOCATION OF MATCHING CONTRIBUTIONS

No Employer shall make Matching Contributions to the Plan unless Matching
Contributions are required to be made to this Plan pursuant to the terms of a
collective bargaining agreement, as set forth in an Appendix to this Plan. In
the event that Matching Contributions are required to be made to this Plan in
accordance with the preceding sentence, the Employer shall make a Matching
Contribution to the Plan for each Contribution Period as determined under the
applicable Appendix to this Plan and this Article.

6.7     LIMIT ON TAX-DEFERRED CONTRIBUTIONS MATCHED

Notwithstanding any other provision of this Article to the contrary,
Tax-Deferred Contributions made to the Plan on behalf of an Eligible Employee
for a Contribution Period that exceed the percentage of the Eligible Employee's
Compensation for the Contribution Period as specified in the applicable
collective bargaining agreement shall be excluded in determining the amount and
allocation of Matching Contributions with respect to such Eligible Employee for
the Contribution Period.

6.8     QUALIFIED MATCHING CONTRIBUTIONS

An Employer may designate any portion or all of its Matching Contribution as a
Qualified Matching Contribution. Amounts that are designated as Qualified
Matching Contributions shall be accounted for separately and may be withdrawn
only as permitted under the Plan.

6.9     VERIFICATION OF AMOUNT OF EMPLOYER CONTRIBUTIONS BY THE SPONSOR

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

6.10    PAYMENT OF EMPLOYER CONTRIBUTIONS

Employer Contributions made for a Contribution Period shall be paid in cash to
the Trustee within the period of time required under the Code in order for the
contribution to be deductible by the Employer in determining its Federal income
taxes for the Plan Year.

                                       17
<Page>

6.11    ALLOCATION REQUIREMENTS FOR EMPLOYER CONTRIBUTIONS

A person who was an Eligible Employee during a Contribution Period shall be
eligible to receive an allocation of Profit-Sharing Contributions for such
Contribution Period only if he is employed by an Employer or a Related Company
on the last day of the Contribution Period.

A person who was an Eligible Employee at any time during a Contribution Period
shall be eligible to receive an allocation of Matching Contributions for such
Contribution Period.

A person who was an Eligible Employee at any time during a Contribution Period
shall be eligible to receive an allocation of Qualified Nonelective
Contributions for such Contribution Period.

6.12    EXCEPTIONS TO ALLOCATION REQUIREMENTS FOR EMPLOYER CONTRIBUTIONS

Notwithstanding any other provision of the Plan to the contrary, the last day
allocation requirement described above shall not apply to a person who
terminates employment during the Contribution Period on or after his Normal or
Early Retirement Date or because of death or Disability.

6.13    VESTING OF EMPLOYER CONTRIBUTIONS

A Participant's vested interest in his Qualified Nonelective and Qualified
Matching Contributions Sub-Accounts shall be at all times 100 percent.

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

<Table>
<Caption>
                YEARS OF VESTING SERVICE                        VESTED INTEREST
----------------------------------------------------------------------------------------
                   <S>                                               <C>
                       Less than 3                                     0%

                   3, but less than 4                                 20%

                   4, but less than 5                                 40%

                   5, but less than 6                                 60%

                   6, but less than 7                                 80%

                        7 or more                                    100%
</Table>

Notwithstanding the foregoing, if a Participant is employed by an Employer or a
Related Company on his Normal Retirement Date, the date he becomes Disabled, or
the date he dies, his

                                       18
<Page>

vested interest in his Profit-Sharing and Regular Matching Contributions
Sub-Accounts shall be 100 percent.

6.14    ELECTION OF FORMER VESTING SCHEDULE

If the Sponsor adopts an amendment to the Plan that directly or indirectly
affects the computation of a Participant's vested interest in his Employer
Contributions Sub-Account, any Participant with three or more years of Vesting
Service shall have a right to have his vested interest in his Employer
Contributions Sub-Account continue to be determined under the vesting provisions
in effect prior to the amendment rather than under the new vesting provisions,
unless the vested interest of the Participant in his Employer Contributions
Sub-Account under the Plan as amended is not at any time less than such vested
interest determined without regard to the amendment. A Participant shall
exercise his right under this Section by giving written notice of his exercise
thereof to the Administrator within 60 days after the latest of (i) the date he
receives notice of the amendment from the Administrator, (ii) the effective date
of the amendment, or (iii) the date the amendment is adopted. Notwithstanding
the foregoing, a Participant's vested interest in his Employer Contributions
Sub-Account on the effective date of such an amendment shall not be less than
his vested interest in his Employer Contributions Sub-Account immediately prior
to the effective date of the amendment.

6.15    FORFEITURES TO REDUCE EMPLOYER CONTRIBUTIONS

Notwithstanding any other provision of the Plan to the contrary, the amount of
the Employer Contribution required under this Article for a Plan Year shall be
reduced by the amount of any forfeitures occurring during the Plan Year or any
prior Plan Year that are applied against Employer Contributions as provided in
Article XIV.

                                       19
<Page>

                                   ARTICLE VII
                          LIMITATIONS ON CONTRIBUTIONS

7.1     DEFINITIONS

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

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

The "DEFERRAL PERCENTAGE" with respect to an Eligible Employee for a particular
Plan Year means the ratio of the Tax-Deferred Contributions made on his behalf
for the Plan Year to his "test compensation" for the Plan Year. To the extent
permitted by regulations issued under Code Section 401(k), the Sponsor may elect
to include Qualified Matching Contributions and/or Qualified Nonelective
Contributions made to the Plan on the Eligible Employee's behalf for the Plan
Year in computing the numerator of such Eligible Employee's "deferral
percentage".

Contributions made on an Eligible Employee's behalf for a Plan Year shall be
included in determining his "deferral percentage" for such Plan Year only if
they meet the following requirements:

(a)     Tax-Deferred Contributions must relate to Compensation that would, but
        for the Eligible Employee's deferral election, have been received by the
        Eligible Employee during such Plan Year.

(b)     The contributions must be allocated to the Eligible Employee's Account
        as of a date within such Plan Year.

(c)     The contributions must be made to the Plan before the end of the
        12-month period immediately following the Plan Year to which they
        relate.

For Plan Years in which the "testing year" means the Plan Year preceding the
Plan Year for which the limitation on Tax-Deferred Contributions described in
Section 7.4 is being determined, Qualified Matching Contributions and Qualified
Nonelective Contributions included for purposes of determining the "deferral
percentage" of an Eligible Employee who is not a Highly Compensated Employee
must be made before the last day of the Plan Year for which the limitation is
being determined.

                                       20
<Page>

The determination of an Eligible Employee's "deferral percentage" shall be made
after any reduction required to satisfy the Code Section 415 limitations is made
as provided in this Article VII and shall satisfy such other requirements as may
be prescribed by the Secretary of the Treasury.

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

An "EMPLOYEE CONTRIBUTION" means any employee after-tax contribution allocated
to an Eligible Employee's account under any qualified plan of an Employer or a
Related Company.

An "EXCESS CONTRIBUTION" means any contribution made to the Plan on behalf of a
Participant that exceeds one of the limitations described in this Article.

An "EXCESS DEFERRAL" with respect to a Participant means that portion of a
Participant's Tax-Deferred Contributions for his taxable year that, when added
to amounts deferred for such taxable year under other plans or arrangements
described in Code Section 401(k), 408(k), or 403(b) (other than any such plan or
arrangement that is maintained by an Employer or a Related Company), would
exceed the dollar limit imposed under Code Section 402(g) as in effect on
January 1 of the calendar year in which such taxable year begins and is
includible in the Participant's gross income under Code Section 402(g).

A "LIMITATION YEAR" means the calendar year.

A "QUALIFIED MATCHING CONTRIBUTION" means any employer contribution allocated to
an Eligible Employee's account under any plan of an Employer or a Related
Company solely on account of "elective contributions" made on his behalf or
"employee contributions" made by him that is a qualified matching contribution
as defined in regulations issued under Code Section 401(k), is nonforfeitable
when made, and is distributable only as permitted in regulations issued under
Code Section 401(k).

A "QUALIFIED NONELECTIVE CONTRIBUTION" means any employer contribution allocated
to an Eligible Employee's account under any plan of an Employer or a Related
Company that the Participant could not elect instead to receive in cash, that is
a qualified nonelective contribution as defined in Code Sections 401(k) and
401(m) and regulations issued thereunder, is

                                       21
<Page>

nonforfeitable when made, and is distributable only as permitted in regulations
issued under Code Section 401(k).

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

The "TESTING YEAR" means the Plan Year for which the limitations on "deferral
percentages" of Highly Compensated Employees are being determined.

For Plan Years prior to the effective date of this amendment and restatement,
the limitations on "deferral percentages" of Highly Compensated Employees were
determined using the Plan Year immediately preceding the Plan Year for which the
limitations were being determined as the "testing year". The prior Plan Year was
the "testing year" for the following Plan Year(s): 1999 and 2000.

7.2     CODE SECTION 402(g) LIMIT

In no event shall the amount of the Tax-Deferred Contributions made on behalf of
an Eligible Employee for his taxable year, when aggregated with any "elective
contributions" made on behalf of the Eligible Employee under any other plan of
an Employer or a Related Company for his taxable year, exceed the dollar limit
imposed under Code Section 402(g), as in effect on January 1 of the calendar
year in which such taxable year begins. In the event that the Administrator
determines that the reduction percentage elected by an Eligible Employee will
result in his exceeding the Code Section 402(g) limit, the Administrator may
adjust the reduction authorization of such Eligible Employee by reducing the
percentage of his Tax-Deferred Contributions to such smaller percentage that
will result in the Code Section 402(g) limit not being exceeded. If the
Administrator determines that the Tax-Deferred Contributions made on behalf of
an Eligible Employee would exceed the Code Section 402(g) limit for his taxable
year, the Tax-Deferred Contributions for such Participant shall be automatically
suspended for the remainder, if any, of such taxable year.

                                       22
<Page>

If an Employer notifies the Administrator that the Code Section 402(g) limit has
nevertheless been exceeded by an Eligible Employee for his taxable year, the
Tax-Deferred Contributions that, when aggregated with "elective contributions"
made on behalf of the Eligible Employee under any other plan of an Employer or a
Related Company, would exceed the Code Section 402(g) limit, plus any income and
minus any losses attributable thereto, shall be distributed to the Eligible
Employee no later than the April 15 immediately following such taxable year. Any
Tax-Deferred Contributions that are distributed to an Eligible Employee in
accordance with this Section shall NOT be taken into account in determining the
Eligible Employee's "deferral percentage" for the "testing year" in which the
Tax-Deferred Contributions were made, unless the Eligible Employee is a Highly
Compensated Employee.

If an amount of Tax-Deferred Contributions is distributed to a Participant in
accordance with this Section, Matching Contributions that are attributable
solely to the distributed Tax-Deferred Contributions, plus any income and minus
any losses attributable thereto, shall be forfeited by the Participant no
earlier than the date on which distribution of Tax-Deferred Contributions
pursuant to this Section occurs and no later than the last day of the Plan Year
following the Plan Year for which the Matching Contributions were made.

7.3     DISTRIBUTION OF EXCESS DEFERRALS

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

7.4     LIMITATION ON TAX-DEFERRED CONTRIBUTIONS OF HIGHLY COMPENSATED EMPLOYEES

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

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

                                       23
<Page>

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

unless the "excess contributions", determined as provided in Section 7.5, are
distributed as provided in Section 7.6.

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

In determining the "deferral percentage" for any Eligible Employee who is a
Highly Compensated Employee for the Plan Year, "elective contributions",
"qualified nonelective contributions", and "qualified matching contributions"
(to the extent that "qualified nonelective contributions" and "qualified
matching contributions" are taken into account in determining "deferral
percentages") made to his accounts under any plan of an Employer or a Related
Company that is not mandatorily disaggregated pursuant to IRS regulations
Section 1.410(b)-7(c), as modified by Section 1.401(k)-1(g)(11), shall be
treated as if all such contributions were made to the Plan; provided, however,
that if such a plan has a plan year different from the Plan Year, any such
contributions made to the Highly Compensated Employee's accounts under the plan
for the plan year ending with or within the same calendar year as the Plan Year
shall be treated as if such contributions were made to the Plan. Notwithstanding
the foregoing, such contributions shall not be treated as if they were made to
the Plan if regulations issued under Code Section 401(k) do not permit such plan
to be aggregated with the Plan.

If one or more plans of an Employer or Related Company are aggregated with the
Plan for purposes of satisfying the requirements of Code Section 401(a)(4) or
410(b), then "deferral percentages" under the Plan shall be calculated as if the
Plan and such one or more other plans were a single plan. Plans may be
aggregated to satisfy Code Section 401(k) only if they have the same plan year.

The Administrator shall maintain records sufficient to show that the limitation
contained in this Section was not exceeded with respect to any Plan Year and the
amount of the "qualified

                                       24
<Page>

nonelective contributions" and/or "qualified matching contributions" taken into
account in determining "deferral percentages" for any Plan Year.

7.5     DETERMINATION AND ALLOCATION OF EXCESS TAX-DEFERRED CONTRIBUTIONS AMONG
        HIGHLY COMPENSATED EMPLOYEES

Notwithstanding any other provision of the Plan to the contrary, in the event
that the limitation on Tax-Deferred Contributions described in Section 7.4 is
exceeded in any Plan Year, the Administrator shall determine the dollar amount
of the excess by reducing the dollar amount of the contributions included in
determining the "deferral percentage" of Highly Compensated Employees in order
of their "deferral percentages" as follows:

(a)     The highest "deferral percentage(s)" shall be reduced to the greater of
        (1) the maximum "deferral percentage" that satisfies the limitation on
        Tax-Deferred Contributions described in Section 7.4 or (2) the next
        highest "deferral percentage".

(b)     If the limitation on Tax-Deferred Contributions described in Section 7.4
        would still be exceeded after application of the provisions of paragraph
        (a), the Administrator shall continue reducing "deferral percentages" of
        Highly Compensated Employees, continuing with the next highest "deferral
        percentage", in the manner provided in paragraph (a) until the
        limitation on Tax-Deferred Contributions described in Section 7.4 is
        satisfied.

The determination of the amount of "excess contributions" hereunder shall be
made after Tax-Deferred Contributions and "excess deferrals" have been
distributed pursuant to Sections 7.2 and 7.3, if applicable.

After determining the dollar amount of the "excess contributions" that have been
made to the Plan, the Administrator shall allocate such excess among Highly
Compensated Employees in order of the dollar amount of the Tax-Deferred and
Qualified Matching Contributions (to the extent such contributions are included
in determining "deferral percentages") allocated to their Accounts as follows:

(c)     The contributions made on behalf of the Highly Compensated Employee(s)
        with the largest dollar amount of Tax-Deferred and Qualified Matching
        Contributions allocated to his Account for the Plan Year shall be
        reduced by the dollar amount of the excess (with such dollar amount
        being allocated equally among all such Highly Compensated Employees),
        but not below the dollar amount of such contributions made on behalf of
        the Highly Compensated Employee(s) with the next highest dollar amount
        of such contributions allocated to his Account for the Plan Year.

(d)     If the excess has not been fully allocated after application of the
        provisions of paragraph (c), the Administrator shall continue reducing
        the contributions made on behalf of Highly Compensated Employees,
        continuing with the Highly Compensated Employees with the largest
        remaining dollar amount of such contributions allocated to their
        Accounts for the

                                       25
<Page>

        Plan Year, in the manner provided in paragraph (c) until the entire
        excess determined above has been allocated.

7.6     DISTRIBUTION OF EXCESS TAX-DEFERRED CONTRIBUTIONS

"Excess contributions" allocated to a Highly Compensated Employee pursuant to
the preceding Section, plus any income and minus any losses attributable
thereto, shall be distributed to the Highly Compensated Employee prior to the
end of the next succeeding Plan Year. If such excess amounts are distributed
more than 2 1/2 months after the last day of the Plan Year for which the excess
occurred, an excise tax may be imposed under Code Section 4979 on the Employer
maintaining the Plan with respect to such amounts.

Excess amounts shall be distributed from the Highly Compensated Employee's
Tax-Deferred Contributions and Qualified Matching Contributions Sub-Accounts in
proportion to the Tax-Deferred Contributions and Qualified Matching
Contributions included in determining the Highly Compensated Employee's
"deferral percentage" for the Plan Year.

If an amount of Tax-Deferred Contributions is distributed to a Participant in
accordance with this Section, Matching Contributions that are attributable
solely to the distributed Tax-Deferred Contributions, plus any income and minus
any losses attributable thereto, shall be forfeited by the Participant no
earlier than the date on which distribution of Tax-Deferred Contributions
pursuant to this Section occurs and no later than the last day of the Plan Year
following the Plan Year for which the Matching Contributions were made.

7.7     MULTIPLE USE LIMITATION

Notwithstanding any other provision of the Plan to the contrary, the following
multiple use limitation as required under Code Section 401(m) shall apply: the
sum of the average "deferral percentage" for Eligible Employees who are Highly
Compensated Employees and the average "contribution percentage" for "eligible
participants" who are Highly Compensated Employees may not exceed the "aggregate
limit". In the event that, after satisfaction of the limitations provided under
this Article, it is determined that contributions under the Plan fail to satisfy
the multiple use limitation contained herein, the multiple use limitation shall
be satisfied by further reducing the "deferral percentages" of Eligible
Employees who are Highly Compensated Employees to the extent necessary to
eliminate the excess, as provided in the preceding Sections. Instead of reducing
"deferral percentages", the Administrator may determine to satisfy the multiple
use limitation in an alternative manner, consistently applied, that may be
permitted by regulations issued under Code Section 401(m).

If an amount of Tax-Deferred Contributions is distributed to a Participant in
accordance with this Section, Matching Contributions that are attributable
solely to the distributed Tax-Deferred Contributions, plus any income and minus
any losses attributable thereto, shall be forfeited by the Participant no later
than the last day of the Plan Year following the Plan Year for which the
Matching Contributions were made.

                                       26
<Page>

7.8     TREATMENT OF FORFEITED MATCHING CONTRIBUTIONS

Any Matching Contributions that are forfeited pursuant to the provisions of the
preceding Sections of this Article shall be treated as a forfeiture under the
Plan and applied in accordance with the provisions of Article XIV.

7.9     DETERMINATION OF INCOME OR LOSS

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

7.10    CODE SECTION 415 LIMITATIONS ON CREDITING OF CONTRIBUTIONS AND
        FORFEITURES

Notwithstanding any other provision of the Plan to the contrary, the "annual
addition" with respect to a Participant for a "limitation year" shall in no
event exceed the lesser of (i) $30,000 (adjusted as provided in Code Section
415(d)) or (ii) 25 percent of the Participant's compensation, as defined in Code
Section 415(c)(3) and regulations issued thereunder, for the "limitation year";
provided, however, that the limit in clause (i) shall be pro-rated for any short
"limitation year". If the "annual addition" to the Account of a Participant in
any "limitation year" would otherwise exceed the amount that may be applied for
his benefit under the limitation contained in this Section, the limitation shall
be satisfied by reducing contributions made to the Participant's Account to the
extent necessary in the following order:

        Tax-Deferred Contributions made on behalf of the Participant for the
        "limitation year" that have not been matched, if any, shall be reduced.

        Tax-Deferred Contributions made on behalf of the Participant for the
        "limitation year" that have been matched, if any, and the Matching
        Contributions attributable thereto shall be reduced pro rata.

        Profit-Sharing Contributions otherwise allocable to the Participant's
        Account for the "limitation year", if any, shall be reduced.

        Qualified Nonelective Contributions otherwise allocable to the
        Participant's Account for the "limitation year", if any, shall be
        reduced.

The amount of any reduction of Tax-Deferred Contributions (plus any income
attributable thereto) shall be returned to the Participant. The amount of any
reduction of Employer Contributions shall be deemed a forfeiture for the
"limitation year".

Amounts deemed to be forfeitures under this Section shall be held unallocated in
a suspense account established for the "limitation year" and shall be applied
against the Employer's

                                       27
<Page>

contribution obligation for the next following "limitation year" (and succeeding
"limitation years", as necessary). If a suspense account is in existence at any
time during a "limitation year", all amounts in the suspense account must be
applied against the Employer's contribution obligation before any further
contributions that would constitute "annual additions" may be made to the Plan.
No suspense account established hereunder shall share in any increase or
decrease in the net worth of the Trust.

For purposes of this Article, excesses shall result only from the allocation of
forfeitures, a reasonable error in estimating a Participant's annual
compensation (as defined in Code Section 415(c)(3) and regulations issued
thereunder), a reasonable error in determining the amount of "elective
contributions" that may be made with respect to any Participant under the limits
of Code Section 415, or other limited facts and circumstances that justify the
availability of the provisions set forth above.

7.11    APPLICATION OF CODE SECTION 415 LIMITATIONS WHERE PARTICIPANT IS COVERED
        UNDER OTHER QUALIFIED DEFINED CONTRIBUTION PLAN

If a Participant is covered by any other qualified defined contribution plan
(whether or not terminated) maintained by an Employer or a Related Company
concurrently with the Plan, and if the "annual addition" for the "limitation
year" would otherwise exceed the amount that may be applied for the
Participant's benefit under the limitation contained in the preceding Section,
such excess shall be reduced first by reducing "annual additions" under the Plan
as provided in the preceding Section. If the limitation contained in the
preceding Section still is not satisfied, such excess shall be reduced as
provided in the defined contribution plans other than the Plan.

7.12    SCOPE OF LIMITATIONS

The Code Section 415 limitations contained in the preceding Sections shall be
applicable only with respect to benefits provided pursuant to defined
contribution plans and defined benefit plans described in Code Section 415(k).
For purposes of applying the Code Section 415 limitations contained in the
preceding Sections, the term "Related Company" shall be adjusted as provided in
Code Section 415(h).

                                       28
<Page>

                                  ARTICLE VIII
                            TRUST FUNDS AND ACCOUNTS

8.1     GENERAL FUND

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

8.2     INVESTMENT FUNDS

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

8.3     LOAN INVESTMENT FUND

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

8.4     INCOME ON TRUST

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

8.5     ACCOUNTS

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

                                       29
<Page>

8.6     SUB-ACCOUNTS

A Participant's Account shall be divided into such separate, individual
Sub-Accounts as are necessary or appropriate to reflect the Participant's
interest in the Trust.

                                       30
<Page>

                                   ARTICLE IX
                            LIFE INSURANCE CONTRACTS

9.1     NO LIFE INSURANCE CONTRACTS

A Participant's Account may not be invested in life insurance contracts on the
life of the Participant.

                                       31
<Page>

                                    ARTICLE X
                     DEPOSIT AND INVESTMENT OF CONTRIBUTIONS

10.1    FUTURE CONTRIBUTION INVESTMENT ELECTIONS

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

10.2    DEPOSIT OF CONTRIBUTIONS

All contributions made on a Participant's behalf shall be deposited in the Trust
and allocated among the Investment Funds in accordance with the Participant's
currently effective investment election. If no investment election is recorded
with the Administrator at the time contributions are to be deposited to a
Participant's Account, his contributions shall be allocated among the Investment
Funds as directed by the Administrator.

10.3    ELECTION TO TRANSFER BETWEEN FUNDS

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

10.4    404(c) PROTECTION

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

                                       32
<Page>

                                   ARTICLE XI
                         CREDITING AND VALUING ACCOUNTS

11.1    CREDITING ACCOUNTS

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

11.2    VALUING ACCOUNTS

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

11.3    PLAN VALUATION PROCEDURES

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

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

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

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

                                       33
<Page>

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

11.4    FINALITY OF DETERMINATIONS

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

11.5    NOTIFICATION

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

                                       34
<Page>

                                   ARTICLE XII
                                      LOANS

12.1    APPLICATION FOR LOAN

A Participant who is a party in interest as defined in ERISA Section 3(14) may
make application to the Administrator for a loan from his Account. Loans shall
be made to Participants in accordance with written guidelines which are hereby
incorporated into and made a part of the Plan.

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

A loan shall not be granted unless the Participant consents to the charging of
his Account for unpaid principal and interest amounts in the event the loan is
declared to be in default. If a Participant's Account is subject to the
"automatic annuity" provisions under Article XVI, the Participant's spouse must
consent in writing to any loan hereunder. Any spousal consent given pursuant to
this Section must be made within the 90-day period ending on the date the Plan
acquires a security interest in the Participant's Account, must acknowledge the
effect of the loan, and must be witnessed by a Plan representative or a notary
public. Such spousal consent shall be binding with respect to the consenting
spouse and any subsequent spouse with respect to the loan. A new spousal consent
shall be required if the Participant's Account is used for security in any
renegotiation, extension, renewal, or other revision of the loan.

12.2    REDUCTION OF ACCOUNT UPON DISTRIBUTION

Notwithstanding any other provision of the Plan, the amount of a Participant's
Account that is distributable to the Participant or his Beneficiary under
Article XIII or XV shall be reduced by the portion of his vested interest that
is held by the Plan as security for any loan outstanding to the Participant,
provided that the reduction is used to repay the loan. If distribution is made
because of the Participant's death prior to the commencement of distribution of
his Account and the Participant's vested interest in his Account is payable to
more than one individual as Beneficiary, then the balance of the Participant's
vested interest in his Account shall be adjusted by reducing the vested account
balance by the amount of the security used to repay the loan, as provided in the
preceding sentence, prior to determining the amount of the benefit payable to
each such individual.

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12.3    REQUIREMENTS TO PREVENT A TAXABLE DISTRIBUTION

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

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

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

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

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

(c)     The term of any loan to a Participant shall be no greater than five
        years, except in the case of a loan used to acquire any dwelling unit
        which within a reasonable period of time is to be used (determined at
        the time the loan is made) as a principal residence (as defined in Code
        Section 121) of the Participant.

(d)     Substantially level amortization shall be required over the term of the
        loan with payments made not less frequently than quarterly, except that
        if so provided in the written guidelines applicable to Plan loans, the
        amortization schedule may be waived and payments suspended while a
        Participant is on a leave of absence from employment with an Employer or
        any Related Company (for periods in which the Participant does not
        perform military service as described in paragraph (e)), provided that
        all of the following requirements are met:

        (i)     Such leave is either without pay or at a reduced rate of pay
                that, after withholding for employment and income taxes, is less
                than the amount required to be paid under the amortization
                schedule;

        (ii)    Payments resume after the earlier of (a) the date such leave of
                absence ends or (b) the one-year anniversary of the date such
                leave began;

        (iii)   The period during which payments are suspended does not exceed
                one year;

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        (iv)    Payments resume in an amount not less than the amount required
                under the original amortization schedule; and

        (v)     The waiver of the amortization schedule does not extend the
                period of the loan beyond the maximum period permitted under
                this Article.

(e)     If a Participant is absent from employment with any Employer or any
        Related Company for a period during which he performs services in the
        uniformed services (as defined in chapter 45 of title 38 of the United
        States Code), whether or not such services constitute qualified military
        service, the suspension of payments shall not be taken into account for
        purposes of applying either paragraph (c) or paragraph (d) of this
        Section provided that all of the following requirements are met:

        (i)     Payments resume upon completion of such military service;

        (ii)    Payments resume in an amount not less than the amount required
                under the original amortization schedule and continue in such
                amount until the loan is repaid in full;

        (iii)   Upon resumption, payments are made no less frequently than
                required under the original amortization schedule and continue
                under such schedule until the loan is repaid in full; and

        (iv)    The loan is repaid in full, including interest accrued during
                the period of such military service, no later than the last
                scheduled repayment date under the original amortization
                schedule extended by the period of such military service.

(f)     The loan shall be evidenced by a legally enforceable agreement that
        demonstrates compliance with the provisions of this section.

12.4    ADMINISTRATION OF LOAN INVESTMENT FUND

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

12.5    DEFAULT

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If either (1) a Participant fails to make or cause to be made, any payment
required under the terms of the loan within 90 days following the date on which
such payment shall become due, unless payment is not made because the
Participant is on a leave of absence and the amortization schedule is waived as
provided in Section 12.3(d) or (e), or (2) there is an outstanding principal
balance existing on a loan after the last scheduled repayment date (extended as
provided in Section 12.3(e), if applicable), the Administrator shall direct the
Trustee to declare the loan to be in default, and the entire unpaid balance of
such loan, together with accrued interest, shall be immediately due and payable.
In any such event, if such balance and interest thereon is not then paid, the
Trustee shall charge the Account of the borrower with the amount of such balance
and interest as of the earliest date a distribution may be made from the Plan to
the borrower without adversely affecting the tax qualification of the Plan or of
the cash or deferred arrangement.

12.6    DEEMED DISTRIBUTION UNDER CODE SECTION 72(p)

If a Participant's loan is in default as provided in Section 12.5, the
Participant shall be deemed to have received a taxable distribution in the
amount of the outstanding loan balance as required under Code Section 72(p),
whether or not distribution may actually be made from the Plan without adversely
affecting the tax qualification of the Plan; provided, however, that the taxable
portion of such deemed distribution shall be reduced in accordance with the
provisions of Code Section 72(e) to the extent the deemed distribution is
attributable to the Participant's After-Tax Contributions.

If a Participant is deemed to have received distribution of an outstanding loan
balance hereunder, no further loans may be made to such Participant from his
Account unless either (a) there is a legally enforceable arrangement among the
Participant, the Plan, and the Participant's employer that repayment of such
loan shall be made by payroll withholding or (b) the loan is secured by such
additional collateral consisting of real, personal, or other property
satisfactory to the Administrator to provide adequate security for the loan.

12.7    TREATMENT OF OUTSTANDING BALANCE OF LOAN DEEMED DISTRIBUTED UNDER CODE
        SECTION 72(p)

With respect to any loan made on or after January 1, 2002, the balance of such
loan that is deemed to have been distributed to a Participant hereunder shall
cease to be an outstanding loan for purposes of Code Section 72(p) and a
Participant shall not be treated as having received a taxable distribution when
his Account is offset by such outstanding loan balance as provided in
Section 12.5. Any interest that accrues on a loan after it is deemed to have
been distributed shall not be treated as an additional loan to the Participant
and shall not be included in the Participant's taxable income as a deemed
distribution. Notwithstanding the foregoing, however, unless a Participant
repays such loan, with interest, the amount of such loan, with interest thereon
calculated as provided in the original loan note, shall continue to be
considered an outstanding loan for purposes of determining the maximum
permissible amount of any subsequent loan under Section 12.3(b).

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If a Participant elects to make payments on a loan after it is deemed to have
been distributed hereunder, such payments shall be treated as After-Tax
Contributions to the Plan solely for purposes of determining the taxable portion
of the Participant's Account and shall not be treated as After-Tax Contributions
for any other Plan purpose, including application of the limitations on
contributions applicable under Code Sections 401(m) and 415.

12.8    SPECIAL RULES APPLICABLE TO LOANS

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

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

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

(c)     Maximum Number of Outstanding Loans: A Participant with an outstanding
        loan may not apply for another loan until the existing loan is paid in
        full and may not refinance an existing loan or obtain a second loan for
        the purpose of paying off the existing loan. The provisions of this
        paragraph shall not apply to any loans made prior to the effective date
        of this amendment and restatement; provided, however, that any such loan
        shall be taken into account in determining whether a Participant may
        apply for a new loan hereunder.

(d)     Maximum Period for Principal Residence Loan: The term of any loan to a
        Participant that is used to acquire any dwelling unit which within a
        reasonable period of time is to be used (determined at the time the loan
        is made) as a principal residence (as defined in Code Section 121) of
        the Participant shall be no greater than 15 years.

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

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

(g)     Roll Over of Loans Permitted: In accordance with rules prescribed by the
        Administrator, a Participant may elect to roll over any loan note held
        pursuant to the provisions of this Article.

12.9    LOANS GRANTED PRIOR TO AMENDMENT

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

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                                  ARTICLE XIII
                           WITHDRAWALS WHILE EMPLOYED

13.1    NON-HARDSHIP WITHDRAWALS OF AFTER-TAX CONTRIBUTIONS

A Participant who is employed by an Employer or a Related Company may elect at
any time, subject to the limitations and conditions prescribed in this Article,
to make a cash withdrawal or, if the Participant's Account is subject to the
"automatic annuity" provisions of Article XVI, a withdrawal through the purchase
of a Qualified Joint and Survivor Annuity or a Single Life Annuity as provided
in Article XVI from his After-Tax Contributions Sub-Account.

13.2    NON-HARDSHIP WITHDRAWALS OF ROLLOVER CONTRIBUTIONS

A Participant who is employed by an Employer or a Related Company may elect at
any time, subject to the limitations and conditions prescribed in this Article,
to make a cash withdrawal or, if the Participant's Account is subject to the
"automatic annuity" provisions of Article XVI, a withdrawal through the purchase
of a Qualified Joint and Survivor Annuity or a Single Life Annuity as provided
in Article XVI from his Rollover Contributions Sub-Account.

13.3    AGE 59 1/2 WITHDRAWALS

A Participant who is employed by an Employer or a Related Company and who has
attained age 59 1/2 may elect, subject to the limitations and conditions
prescribed in this Article, to make a cash withdrawal or, if the Participant's
Account is subject to the "automatic annuity" provisions of Article XVI, a
withdrawal through the purchase of a Qualified Joint and Survivor Annuity or a
Single Life Annuity as provided in Article XVI from his vested interest in any
of the following Sub-Accounts:

(a)     his Tax-Deferred Contributions Sub-Account.

(b)     his Qualified Nonelective Contributions Sub-Account.

(c)     his Qualified Matching Contributions Sub-Account.

(d)     his Profit-Sharing Contributions Sub-Account.

(e)     his Regular Matching Contributions Sub-Account.

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13.4    OVERALL LIMITATIONS ON NON-HARDSHIP WITHDRAWALS

Non-hardship withdrawals made pursuant to this Article shall be subject to the
following conditions and limitations:

(a)     A Participant must apply for a non-hardship withdrawal such number of
        days prior to the date as of which it is to be effective as the
        Administrator may prescribe.

(b)     Withdrawals may be made effective as soon as administratively
        practicable after the Administrator's approval of the Participant's
        withdrawal application.

(c)     If a Participant's Account is subject to the "automatic annuity"
        provisions of Article XVI, the Participant's spouse must consent to any
        withdrawal hereunder, unless the withdrawal is made in the form of a
        Qualified Joint and Survivor Annuity.

13.5    HARDSHIP WITHDRAWALS

A Participant who is employed by an Employer or a Related Company and who is
determined by the Administrator to have incurred a hardship in accordance with
the provisions of this Article may elect, subject to the limitations and
conditions prescribed in this Article, to make a cash withdrawal or, if the
Participant's Account is subject to the "automatic annuity" provisions of
Article XVI, a withdrawal through the purchase of a Qualified Joint and Survivor
Annuity or a Single Life Annuity as provided in Article XVI from his vested
interest in any of the following Sub-Accounts:

(a)     his Tax-Deferred Contributions Sub-Account, excluding any income
        credited to such Sub-Account.

13.6    HARDSHIP DETERMINATION

The Administrator shall grant a hardship withdrawal only if it determines that
the withdrawal is necessary to meet an immediate and heavy financial need of the
Participant. An immediate and heavy financial need of the Participant means a
financial need on account of:

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

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

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

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

13.7    SATISFACTION OF NECESSITY REQUIREMENT FOR HARDSHIP WITHDRAWALS

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

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

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

(c)     The Participant's Tax-Deferred Contributions and the Participant's
        "elective contributions" and "employee contributions", as defined in
        Article VII, under all other qualified and non-qualified deferred
        compensation plans maintained by an Employer or any Related Company
        shall be suspended for at least 12 months after his receipt of the
        withdrawal.

(d)     The Participant's Tax-Deferred Contributions and "elective
        contributions", as defined in Article VII, for his taxable year
        immediately following the taxable year of the withdrawal shall not
        exceed the applicable limit under Code Section 402(g) for such next
        taxable year less the amount of the Participant's Tax-Deferred
        Contributions and "elective contributions" for the taxable year of the
        withdrawal.

A Participant shall not fail to be treated as an Eligible Employee for purposes
of applying the limitations contained in Article VII of the Plan merely because
his Tax-Deferred Contributions are suspended in accordance with this Section.

13.8    CONDITIONS AND LIMITATIONS ON HARDSHIP WITHDRAWALS

Hardship withdrawals made pursuant to this Article shall be subject to the
following conditions and limitations:

(a)     A Participant must apply for a hardship withdrawal such number of days
        prior to the date as of which it is to be effective as the Administrator
        may prescribe.

(b)     Hardship withdrawals may be made effective as soon as administratively
        practicable after the Administrator's approval of the Participant's
        withdrawal application.

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(c)     The amount of a hardship withdrawal may include any amounts necessary to
        pay any Federal, state, or local income taxes or penalties reasonably
        anticipated to result from the distribution.

(d)     If a Participant's Account is subject to the "automatic annuity"
        provisions of Article XVI, the Participant's spouse must consent to any
        withdrawal hereunder, unless the withdrawal is made in the form of a
        Qualified Joint and Survivor Annuity.

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

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

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                                   ARTICLE XIV
                  TERMINATION OF EMPLOYMENT AND SETTLEMENT DATE

14.1    TERMINATION OF EMPLOYMENT AND SETTLEMENT DATE

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

14.2    SEPARATE ACCOUNTING FOR NON-VESTED AMOUNTS

If as of a Participant's Settlement Date the Participant's vested interest in
his Employer Contributions Sub-Account is less than 100 percent, that portion of
his Employer Contributions Sub-Account that is not vested shall be accounted for
separately from the vested portion and shall be disposed of as provided in the
following Section. If prior to such Settlement Date the Participant received a
distribution under the Plan, his vested interest in his Employer Contributions
Sub-Account shall be an amount ("X") determined by the following formula:

        X = P(AB + D) - D

        For purposes of the formula:

        P  = The Participant's vested interest in his Employer Contributions
             Sub-Account on the date distribution is to be made.

        AB = The balance of the Participant's Employer Contributions Sub-Account
             as of the Valuation Date immediately preceding the date
             distribution is to be made.

        D  = The amount of all prior distributions from the Participant's
             Employer Contributions Sub-Account. Amounts deemed to have been
             distributed to a Participant pursuant to Code Section 72(p), but
             which have not actually been offset against the Participant's
             Account balance shall not be considered distributions hereunder.

14.3    DISPOSITION OF NON-VESTED AMOUNTS

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

(a)     If the Participant has no vested interest in his Account upon the
        occurrence of his Settlement Date or his vested interest in his Account
        as of the date of distribution does not exceed $5,000 resulting in the
        distribution or deemed distribution to the Participant of

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        his entire vested interest in his Account, the non-vested balance
        remaining in the Participant's Employer Contributions Sub-Account shall
        be forfeited and his Account closed as of the end of the one-year period
        beginning on (i) the Participant's Settlement Date, if the Participant
        has no vested interest in his Separate Account and is therefore deemed
        to have received distribution on that date, or (ii) the date actual
        distribution is made to the Participant.

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

(c)     If neither paragraph (a) nor paragraph (b) is applicable, the non-vested
        balance remaining in the Participant's Employer Contributions
        Sub-Account shall continue to be held in such Sub-Account and shall not
        be forfeited until the last day of the five-year period beginning on his
        Settlement Date, provided that the Participant is not reemployed by an
        Employer or a Related Company prior to that date.

14.4    TREATMENT OF FORFEITED AMOUNTS

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

14.5    RECREDITING OF FORFEITED AMOUNTS

A former Participant who forfeited the non-vested portion of his Employer
Contributions Sub-Account in accordance with the provisions of paragraph (a) or
(b) of Section 14.3 and who is reemployed by an Employer or a Related Company
shall have such forfeited amounts recredited to a new Account in his name,
without adjustment for interim gains or losses experienced by the Trust, if he
returns to employment with an Employer or a Related Company before the end of
the five-year period beginning on the date he received, or is deemed to have
received, distribution of his Account. Funds needed in any Plan Year to recredit
the Account of a Participant with the

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amounts of prior forfeitures in accordance with the preceding sentence shall
come first from forfeitures that arise during such Plan Year, and then from
Trust income earned in such Plan Year, to the extent that it has not yet been
allocated among Participants' Accounts as provided in Article XI, with each
Trust Fund being charged with the amount of such income proportionately, unless
his Employer chooses to make an additional Employer Contribution, and shall
finally be provided by his Employer by way of a separate Employer Contribution.

A former Participant who received an actual distribution and who returns to
employment within the time period described above may elect to repay to the Plan
the full amount of such distribution that is attributable to Employer
Contributions before the end of the five-year period beginning on the date he is
reemployed.

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                                   ARTICLE XV
                                  DISTRIBUTIONS

15.1    DISTRIBUTIONS TO PARTICIPANTS

A Participant whose Settlement Date occurs shall receive distribution of his
vested interest in his Account in the form provided under Article XVI beginning
as soon as reasonably practicable following his Settlement Date or the date his
application for distribution is filed with the Administrator, if later.

15.2    PARTIAL DISTRIBUTIONS TO RETIRED OR TERMINATED PARTICIPANTS

A Participant whose Settlement Date has occurred, but who has not reached his
Required Beginning Date may elect to receive partial distribution of any portion
of his Account at any time prior to his Required Beginning Date in the form
provided in Article XVI.

15.3    DISTRIBUTIONS TO BENEFICIARIES

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

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

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

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

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15.4    CASH OUTS AND PARTICIPANT CONSENT

Notwithstanding any other provision of the Plan to the contrary, if a
Participant's vested interest in his Account does not exceed $5,000,
distribution of such vested interest shall be made to the Participant in a
single sum payment or through a direct rollover, as described in Article XVI, as
soon as reasonably practicable following his Settlement Date. If a Participant
has no vested interest in his Account on his Settlement Date, he shall be deemed
to have received distribution of such vested interest on his Settlement Date.

If a Participant's vested interest in his Account exceeds $5,000, distribution
shall not commence to such Participant prior to his Normal Retirement Date
without the Participant's written consent and, if the Participant is married and
his Account is subject to the "automatic annuity" provisions of Article XVI, the
written consent of his spouse. Notwithstanding the foregoing, spousal consent
shall not be required if distribution is made through the purchase of a
Qualified Joint and Survivor Annuity or the spouse cannot be located or spousal
consent cannot be obtained for other reasons set forth in Code Section
401(a)(11) and regulations issued thereunder.

If a Participant's Account is subject to the "automatic annuity" provisions of
Article XVI, the Participant's vested interest in his Account shall be deemed to
exceed $5,000 if the Participant's Benefit Payment Date has occurred with
respect to amounts currently held in his Account and as of such Benefit Payment
Date his vested interest in his Account exceeded $5,000.

15.5    REQUIRED COMMENCEMENT OF DISTRIBUTION

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

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

(b)     his Required Beginning Date.

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

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15.6    TRANSITION RULES FOR REQUIRED COMMENCEMENT OF DISTRIBUTION

A Participant who attains age 70 1/2 prior to June 1, 1998 and who is not a
five-percent owner may make an election prior to April 1 of the calendar year
following the calendar year in which the Participant attains age 70 1/2 to
postpone his Required Beginning Date as defined in Article I. A Participant,
other than a "five percent owner", as defined in Code Section 416(i) and
determined in accordance with Code Section 416, who is receiving required
distributions under the Plan pursuant to the provisions of Code Section
401(a)(9) as in effect prior to January 1, 1997, and whose Settlement Date has
not occurred may elect to discontinue further distribution hereunder. Consent of
a Participant's spouse shall not be required for a Participant to elect to
discontinue further distribution hereunder.

The following provisions shall apply to a Participant who discontinues further
distribution as provided in this Section:

(a)     Such Participant may not recommence distribution until otherwise
        permitted under the terms of the Plan other than this Section.

(b)     The recommencement of distribution to such Participant shall constitute
        a new Benefit Payment Date with respect to such Participant and
        distribution shall be made to the Participant in accordance with his
        elections in effect on the new Benefit Payment Date.

Notwithstanding any other provision of this Section, a Participant to whom
distribution has been made from the Plan through the purchase of an annuity
contract may not elect to discontinue further payments to be made under the
terms of such annuity contract.

15.7    REEMPLOYMENT OF A PARTICIPANT

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

15.8    RESTRICTIONS ON ALIENATION

Except as provided in Code Section 401(a)(13) (relating to qualified domestic
relations orders), Code Section 401(a)(13)(C) and (D) (relating to offsets
ordered or required under a criminal conviction involving the Plan, a civil
judgement in connection with a violation or alleged violation of fiduciary
responsibilities under ERISA, or a settlement agreement between the Participant
and the Department of Labor in connection with a violation or alleged violation
of fiduciary responsibilities under ERISA), Section 1.401(a)-13(b)(2) of
Treasury regulations (relating to Federal tax levies and judgments), or as
otherwise required by law, no benefit under the Plan at any time shall be
subject in any manner to anticipation, alienation, assignment (either at law or
in equity), encumbrance, garnishment, levy, execution, or other legal or
equitable

                                       49
<Page>

process; and no person shall have power in any manner to anticipate, transfer,
assign (either at law or in equity), alienate or subject to attachment,
garnishment, levy, execution, or other legal or equitable process, or in any way
encumber his benefits under the Plan, or any part thereof, and any attempt to do
so shall be void.

15.9    FACILITY OF PAYMENT

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

15.10   INABILITY TO LOCATE PAYEE

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

15.11   DISTRIBUTION PURSUANT TO QUALIFIED DOMESTIC RELATIONS ORDERS

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

                                       50
<Page>

                                   ARTICLE XVI
                                 FORM OF PAYMENT

16.1    DEFINITIONS

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

The "AUTOMATIC ANNUITY FORM" means the form of annuity that will be purchased on
behalf of a Participant who has elected to receive distribution through the
purchase of an annuity contract that provides for payment over his life (or
whose Account includes assets transferred directly from a plan subject to Code
Section 417) unless the Participant elects another form of annuity.

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

The "QUALIFIED ELECTION PERIOD" with respect to the "automatic annuity form"
means the 90 day period ending on a Participant's Benefit Payment Date. The
"qualified election period" with respect to a Qualified Preretirement Survivor
Annuity means the period beginning on the later of (i) the date his Account
becomes subject to the automatic annuity provisions of this Article or (ii) the
first day of the Plan Year in which the Participant attains age 35 or, if he
terminates employment prior to such date, the day he terminates employment with
his Employer and all Related Companies. A Participant whose employment has not
terminated may make a "qualified election" designating a Beneficiary other than
his spouse prior to the Plan Year in which he attains age 35; provided, however,
that such election shall cease to be effective as of the first day of the Plan
Year in which the Participant attains age 35.

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<Page>

16.2    NORMAL FORM OF PAYMENT

Subject to the Qualified Preretirement Survivor Annuity requirements described
in this Article, unless a Participant, or his Beneficiary, if the Participant
has died, elects an optional form of payment, distribution shall be made to the
Participant, or his Beneficiary, as the case may be, in a single sum payment.

16.3    OPTIONAL FORMS OF PAYMENT

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

(a)     Installment Payments - Distribution shall be made in a series of
        installments over a period not exceeding the life expectancy of the
        Participant, or the Participant's Beneficiary, if the Participant has
        died, or a period not exceeding the joint life and last survivor
        expectancy of the Participant and his Beneficiary. Each installment
        shall be equal in amount except as necessary to adjust for any changes
        in the value of the Participant's Account. The determination of life
        expectancies shall be made on the basis of the expected return multiples
        in Tables V or VI of Section 1.72-9 of the Treasury regulations and
        shall be calculated once at the time installment payments begin.

(b)     Annuity Contract - Distribution shall be made through the purchase of a
        single premium, nontransferable annuity contract for such term and in
        such form as the Participant, or his Beneficiary, if the Participant has
        died, shall select, subject to the automatic annuity requirements
        described in this Article; provided, however, that a Participant's
        Beneficiary may not elect to receive distribution of an annuity payable
        over the joint lives of the Beneficiary and any other individual. The
        terms of any annuity contract purchased hereunder and distributed to a
        Participant or his Beneficiary shall comply with the requirements of the
        Plan.

16.4    CHANGE OF ELECTION

Subject to the automatic annuity requirements of this Article, a Participant or
Beneficiary who has elected an optional form of payment may revoke or change his
election at any time prior to his Benefit Payment Date by filing his election
with the Administrator in the form prescribed by the Administrator.

                                       52
<Page>

16.5    AUTOMATIC ANNUITY REQUIREMENTS

If a Participant elects to receive distribution through the purchase of an
annuity contract that provides for payment over his life (or his Account
includes assets transferred directly from a plan subject to Code Section 417),
distribution shall be made to such Participant through the purchase of an
annuity contract that provides for payment in one of the following "automatic
annuity forms", unless the Participant elects a different type of annuity.

(a)     The "automatic annuity form" for a Participant who is married on his
        Benefit Payment Date is the 50 percent Qualified Joint and Survivor
        Annuity.

(b)     The "automatic annuity form" for a Participant who is not married on his
        Benefit Payment Date is the Single Life Annuity.

A Participant's election of an annuity other than the "automatic annuity form"
shall not be effective unless it is a "qualified election"; provided, however,
that spousal consent shall not be required if the form of payment elected by the
Participant is a Qualified Joint and Survivor Annuity. A Participant who has
elected to receive distribution through the purchase of an annuity contract that
provides for payment over his life (or whose Account includes assets transferred
directly from a plan subject to Code Section 417) may only change his election
of a form of payment pursuant to a "qualified election"; provided, however, that
spousal consent shall not be required if the form of payment elected by the
Participant is a Qualified Joint and Survivor Annuity.

16.6    QUALIFIED PRERETIREMENT SURVIVOR ANNUITY REQUIREMENTS

If a married Participant who elects to receive distribution through the purchase
of an annuity contract that provides for payment over his life (or whose Account
includes assets transferred directly from a plan subject to Code Section 417)
dies before his Benefit Payment Date, his spouse shall receive distribution of
the value of the Participant's vested interest in his Account through the
purchase of an annuity contract that provides for payment over the life of the
Participant's spouse. A Participant's spouse may elect to receive distribution
under any one of the other forms of payment available under this Article instead
of in the Qualified Preretirement Survivor Annuity form. A married Participant
who has elected to receive distribution through the purchase of an annuity
contract that provides for payment over his life (or whose Account includes
assets transferred directly from a plan subject to Code Section 417) may only
designate a non-spouse Beneficiary to receive distribution of his Account
pursuant to a "qualified election".

16.7    DIRECT ROLLOVER

Notwithstanding any other provision of the Plan to the contrary, in lieu of
receiving distribution in a form of payment provided under this Article, a
"qualified distributee" may elect in writing, in accordance with rules
prescribed by the Administrator, to have a portion or all of any "eligible
rollover distribution" paid directly by the Plan to the "eligible retirement
plan" designated by the

                                       53
<Page>

"qualified distributee". Any such payment by the Plan to another "eligible
retirement plan" shall be a direct rollover.

Notwithstanding the foregoing, a "qualified distributee" may not elect a direct
rollover with respect to an "eligible rollover distribution" if the total value
of such distribution is less than $200 or with respect to a portion of an
"eligible rollover distribution" if the value of such portion is less than $500.
For purposes of this Section, the following terms have the following meanings:

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

(b)     An "eligible rollover distribution" means any distribution of all or any
        portion of the balance of a Participant's Account; provided, however,
        that an eligible rollover distribution does not include the following:

        (i)     any distribution to the extent such distribution is required
                under Code Section 401(a)(9).

        (ii)    the portion of any distribution that consists of the
                Participant's After-Tax Contributions.

        (iii)   any distribution that is one of a series of substantially equal
                periodic payment made not less frequently than annually for the
                life or life expectancy of the "qualified distributee" or the
                joint lives or life expectancies of the "qualified distributee"
                and the "qualified distributee's" designated beneficiary, or for
                a specified period of ten years or more.

        (iv)    any hardship withdrawal of Tax-Deferred Contributions made in
                accordance with the provisions of Article XIII.

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

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<Page>

16.8    NOTICE REGARDING FORMS OF PAYMENT

The Administrator shall provide each Participant with a written explanation of
his right to defer distribution until his Normal Retirement Date, or such later
date as may be provided in the Plan, his right to make a direct rollover, and
the forms of payment available under the Plan, including a written explanation
of (i) the terms and conditions of the "automatic annuity form" applicable if
the Participant elects to receive distribution through the purchase of an
annuity that provides for payment over his life (or if his Account includes
assets transferred directly from a plan subject to Code Section 417), (ii) the
Participant's right to choose a form of payment other than the "automatic
annuity form" or to revoke such choice, and (iii) the rights of the
Participant's spouse. The Administrator shall provide such explanation within
the 60 day period ending 30 days before the Participant's Benefit Payment Date.
Notwithstanding the foregoing, distribution of the Participant's Account may
commence fewer than 30 days after such explanation is provided to the
Participant if (i) the Administrator clearly informs the Participant of his
right to consider his election of whether or not to make a direct rollover or to
receive a distribution prior to his Normal Retirement Date and his election of a
form of payment for a period of at least 30 days following his receipt of the
explanation, (ii) the Participant, after receiving the explanation,
affirmatively elects an early distribution with his spouse's written consent, if
necessary, and, if the Participant has elected distribution through the purchase
of an annuity contract that provides for payment over his life (or his Account
includes assets transferred directly from a plan subject to Code Section 417),
(iii) the Participant may revoke his election at any time prior to the later of
his Benefit Payment Date or the expiration of the seven-day period beginning the
day after the date the explanation is provided to him, and (iv) distribution
does not commence to the Participant before such revocation period ends.

In addition, the Administrator shall provide a Participant who has elected
distribution through the purchase of an annuity that provides for payment over
his life (or whose Account includes assets transferred directly from a plan
subject to Code Section 417) with a written explanation of (i) the terms and
conditions of the Qualified Preretirement Survivor Annuity, (ii) the
Participant's right to designate a non-spouse Beneficiary to receive
distribution of his Account otherwise payable as a Qualified Preretirement
Survivor Annuity or to revoke such designation, and (iii) the rights of the
Participant's spouse. The Administrator shall provide such explanation within
one of the following periods, whichever ends last:

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

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

(c)     provided the Participant's Account does NOT include assets transferred
        directly from a plan subject to Code Section 417, the period beginning
        12 calendar months before the date the

                                       55
<Page>

        Participant elects to receive distribution through the purchase of an
        annuity contract that provides for payment over his life and ending 12
        calendar months after such date;

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

16.9    REEMPLOYMENT

If a Participant is reemployed by an Employer or a Related Company prior to
receiving distribution of the entire balance of his vested interest in his
Account, his prior election of a form of payment hereunder shall become
ineffective. Notwithstanding the foregoing, if a Participant had elected to
receive distribution through the purchase of an annuity contract that provides
for payment over his life, the automatic annuity and Qualified Preretirement
Survivor Annuity requirements described in this Article shall continue to apply
to his entire Account.

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<Page>

                                  ARTICLE XVII
                                  BENEFICIARIES

17.1    DESIGNATION OF BENEFICIARY

An unmarried Participant's Beneficiary shall be the person or persons designated
by such Participant in accordance with rules prescribed by the Administrator. A
married Participant's Beneficiary shall be his spouse, unless the Participant
designates a person or persons other than his spouse as Beneficiary with his
spouse's written consent. For purposes of this Section, a Participant shall be
treated as unmarried and spousal consent shall not be required if the
Participant is not married on his Benefit Payment Date. A Participant's
designation of a Beneficiary shall be subject to the Qualified Preretirement
Survivor Annuity provisions of Article XVI.

If no Beneficiary has been designated pursuant to the provisions of this
Section, or if no Beneficiary survives the Participant and he has no surviving
spouse, then the Beneficiary under the Plan shall be the Participant's estate.
If a Beneficiary dies after becoming entitled to receive a distribution under
the Plan but before distribution is made to him in full, and if the Participant
has not designated another Beneficiary to receive the balance of the
distribution in that event, the estate of the deceased Beneficiary shall be the
Beneficiary as to the balance of the distribution.

17.2    SPOUSAL CONSENT REQUIREMENTS

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

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                                  ARTICLE XVIII
                                 ADMINISTRATION

18.1    AUTHORITY OF THE SPONSOR

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

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

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

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

18.2    DISCRETIONARY AUTHORITY

In carrying out its duties under the Plan, including making benefit
determinations, interpreting or construing the provisions of the Plan, and
resolving disputes, the Sponsor (or any individual to whom authority has been
delegated in accordance with Section 18.1) shall have absolute discretionary
authority.

18.3    ACTION OF THE SPONSOR

Any act authorized, permitted, or required to be taken under the Plan by the
Sponsor and which has not been delegated in accordance with Section 18.1, may be
taken by a majority of the members of the board of directors of the Sponsor,
either by vote at a meeting, or in writing without a meeting, or by the employee
or employees of the Sponsor designated by the board of directors to carry out
such acts on behalf of the Sponsor. All notices, advice, directions,
certifications, approvals, and instructions required or authorized to be given
by the Sponsor as

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<Page>

under the Plan shall be in writing and signed by either (i) a majority of the
members of the Sponsor's board of directors or by such member or members as may
be designated by an instrument in writing, signed by all the members thereof, as
having authority to execute such documents on its behalf, or (ii) the employee
or employees authorized to act for the Sponsor in accordance with the provisions
of this Section.

18.4    CLAIMS REVIEW PROCEDURE

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

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

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

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

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

Within 60 days of the date determined pursuant to paragraph (a) of this Section
or, if special circumstances require an extension, within 120 days of such date,
the Sponsor shall conduct a full and fair review of the decision denying the
Claimant's claim for benefits and shall render its

                                       59
<Page>

written decision on review to the Claimant. The Sponsor's decision on review
shall be written in a manner calculated to be understood by the Claimant and
shall specify the reasons and Plan provisions upon which the Sponsor's decision
was based.

18.5    QUALIFIED DOMESTIC RELATIONS ORDERS

The Sponsor shall establish reasonable procedures to determine the status of
domestic relations orders and to administer distributions under domestic
relations orders which are deemed to be qualified orders. Such procedures shall
be in writing and shall comply with the provisions of Section 414(p) of the Code
and regulations issued thereunder.

18.6    INDEMNIFICATION

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

18.7    ACTIONS BINDING

Subject to the provisions of Section 18.4, any action taken by the Sponsor which
is authorized, permitted, or required under the Plan shall be final and binding
upon the Employers, the Trustee, all persons who have or who claim an interest
under the Plan, and all third parties dealing with the Employers or the Trustee.

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                                   ARTICLE XIX
                            AMENDMENT AND TERMINATION

19.1    AMENDMENT

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

19.2    LIMITATION ON AMENDMENT

The Sponsor shall make no amendment to the Plan which shall decrease the accrued
benefit of any Participant or Beneficiary, except that nothing contained herein
shall restrict the right to amend the provisions of the Plan relating to the
administration of the Plan and Trust. Moreover, no such amendment shall be made
hereunder which shall permit any part of the Trust to revert to an Employer or
any Related Company or be used or be diverted to purposes other than the
exclusive benefit of Participants and Beneficiaries. The Sponsor shall make no
retroactive amendment to the Plan unless such amendment satisfies the
requirements of Code Section 401(b) and/or Section 1.401(a)(4)-11(g) of the
Treasury regulations, as applicable.

19.3    TERMINATION

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

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

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

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        an employee stock ownership plan as defined in Code Section 4975(e)(7)),
        the Participant's written consent to the commencement of distribution
        shall not be required regardless of the value of the vested portions of
        his Account.

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

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

19.4    REORGANIZATION

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

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

19.5    WITHDRAWAL OF AN EMPLOYER

An Employer, other than the Sponsor, may withdraw from the Plan after obtaining
the written consent of (i) the board of directors of the Sponsor, in its
discretion, or (ii) the employee or employees (or committee thereof), in their
discretion, who have been designated by said board pursuant to Section 18.2
hereof, by executing and delivering to the Sponsor or to such employee(s), as
applicable, and to the Trustee, a written notice of termination which specifies
the effective date on which such Employer's participation in the Plan will
terminate (the effective date of such withdrawal being hereinafter referred to
as the "withdrawal date"). Upon satisfaction of the notification and consent
requirements contained in the preceding sentence, the Employer shall cease to be
an Employer for all purposes of the Plan. Upon the withdrawal of an Employer,
the withdrawing Employer shall determine whether a partial termination has
occurred with respect to its Employees. In the event that the withdrawing
Employer determines a partial termination has occurred, the action specified in
Section 19.3 shall be taken as of the withdrawal date, as on a termination of
the Plan, but with respect only to Participants who are employed solely by the
withdrawing Employer, and who, upon such withdrawal, are neither transferred to
nor continued in employment with any other Employer or a Related Company. The
interest of any Participant employed by the withdrawing Employer who is
transferred to or continues in employment with any other Employer or a Related
Company, and the interest of any Participant employed solely by an Employer or a
Related Company other than the withdrawing Employer, shall remain unaffected by
such withdrawal; no adjustment to his Accounts shall be made by reason of the
withdrawal; and he shall continue as a Participant hereunder subject to the
remaining provisions of the Plan.

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                                   ARTICLE XX
                           ADOPTION BY OTHER ENTITIES

20.1    ADOPTION BY RELATED COMPANIES

A Related Company that is not an Employer may, with the consent of the Sponsor,
adopt the Plan and become an Employer hereunder by causing an appropriate
written instrument evidencing such adoption to be executed in accordance with
the requirements of its organizational authority. Any such instrument shall
specify the effective date of the adoption.

20.2    EFFECTIVE PLAN PROVISIONS

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

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                                   ARTICLE XXI
                            MISCELLANEOUS PROVISIONS

21.1    NO COMMITMENT AS TO EMPLOYMENT

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

21.2    BENEFITS

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

21.3    NO GUARANTEES

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

21.4    EXPENSES

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

21.5    PRECEDENT

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

21.6    DUTY TO FURNISH INFORMATION

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

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21.7    MERGER, CONSOLIDATION, OR TRANSFER OF PLAN ASSETS

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

21.8    BACK PAY AWARDS

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

21.9    CONDITION ON EMPLOYER CONTRIBUTIONS

Notwithstanding anything to the contrary contained in the Plan or the Trust
Agreement, any contribution of an Employer hereunder is conditioned upon the
continued qualification of the Plan under Code Section 401(a), the exempt status
of the Trust under Code Section 501(a), and the deductibility of the
contribution under Code Section 404. Except as otherwise provided in this
Section and Section 21.10, however, in no event shall any portion of the
property of the Trust ever revert to or otherwise inure to the benefit of an
Employer or any Related Company.

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21.10   RETURN OF CONTRIBUTIONS TO AN EMPLOYER

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

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

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

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

21.11   VALIDITY OF PLAN

The validity of the Plan shall be determined and the Plan shall be construed and
interpreted in accordance with the laws of the state or commonwealth in which
the Trustee has its principal place of business or, if the Trustee is an
individual or group of individuals, the state or commonwealth in which the
Sponsor has its principal place of business, except as preempted by applicable
Federal law. The invalidity or illegality of any provision of the Plan shall not
affect the legality or validity of any other part thereof.

21.12   TRUST AGREEMENT

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

21.13   PARTIES BOUND

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

21.14   APPLICATION OF CERTAIN PLAN PROVISIONS

For purposes of the general administrative provisions and limitations of the
Plan, a Participant's Beneficiary or alternate payee under a qualified domestic
relations order shall be treated as any other person entitled to receive
benefits under the Plan. Upon any termination of the Plan, any such Beneficiary
or alternate payee under a qualified domestic relations order who has an
interest under the Plan at the time of such termination, which does not cease by
reason thereof, shall be deemed to be a Participant for all purposes of the
Plan. A Participant's Beneficiary, if the

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Participant has died, or alternate payee under a qualified domestic relations
order shall be treated as a Participant for purposes of directing investments as
provided in Article X.

21.15   MERGED PLANS

In the event another defined contribution plan (the "merged plan") is merged
into and made a part of the Plan, each Employee who was eligible to participate
in the "merged plan" immediately prior to the merger shall become an Eligible
Employee on the date of the merger. In no event shall a Participant's vested
interest in his Sub-Account attributable to amounts transferred to the Plan from
the "merged plan" (his "transferee Sub-Account") on and after the merger be less
than his vested interest in his account under the "merged plan" immediately
prior to the merger. Notwithstanding any other provision of the Plan to the
contrary, a Participant's service credited for eligibility and vesting purposes
under the "merged plan" as of the merger, if any, shall be included as
Eligibility and Vesting Service under the Plan to the extent Eligibility and
Vesting Service are credited under the Plan. Special provisions applicable to a
Participant's "transferee Sub-Account", if any, shall be specifically reflected
in the Plan or in an Addendum to the Plan.

21.16   TRANSFERRED FUNDS

If funds from another qualified plan are transferred or merged into the Plan,
such funds shall be held and administered in accordance with any restrictions
applicable to them under such other plan to the extent required by law and shall
be accounted for separately to the extent necessary to accomplish the foregoing.

21.17   VETERANS REEMPLOYMENT RIGHTS

Notwithstanding any other provision of the Plan to the contrary, contributions,
benefits, and service credit with respect to qualified military service shall be
provided in accordance with Code Section 414(u). The Administrator shall notify
the Trustee of any Participant with respect to whom additional contributions are
made because of qualified military service.

21.18   DELIVERY OF CASH AMOUNTS

To the extent that the Plan requires the Employers to deliver cash amounts to
the Trustee, such delivery may be made through any means acceptable to the
Trustee, including wire transfer.

21.19   WRITTEN COMMUNICATIONS

Any communication among the Employers, the Administrator, and the Trustee that
is stipulated under the Plan to be made in writing may be made in any medium
that is acceptable to the receiving party and permitted under applicable law. In
addition, any communication or disclosure to or from Participants and/or
Beneficiaries that is required under the terms of the Plan to be made in writing
may be provided in any other medium (electronic, telephonic, or otherwise) that
is acceptable to the Administrator and permitted under applicable law.

                                       68
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                                  ARTICLE XXII
                              TOP-HEAVY PROVISIONS

22.1    APPLICABILITY

There shall be no top-heavy provisions applicable under the Plan.

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                                  ARTICLE XXIII
                                 EFFECTIVE DATE

23.1    GUST EFFECTIVE DATES

Unless otherwise specifically provided by the terms of the Plan, this amendment
and restatement is effective with respect to each change made to satisfy the
provisions of (i) the Uniformed Services Employment and Reemployment Rights Act
of 1996 ("USERRA"), (ii) Small Business Job Protection Act of 1996 ("SBJPA"),
(iii) the Tax Reform Act of 1997 ("TRA '97"), (iv) any other change in the Code
or ERISA, or (v) regulations, rulings, or other published guidance issued under
the Code, ERISA, USERRA, SBJPA, or TRA '97 (collectively the "GUST required
changes"), the first day of the first period (which may or may not be the first
day of a Plan Year) with respect to which such change became required because of
such provision (including any day that became such as a result of an election or
waiver by an Employee or a waiver or exemption issued under the Code, ERISA,
USERRA, SBJPA, or TRA '97), including, but not limited to, the following:

(a)     The addition of a new Section to Article XXI entitled "Veterans
        Reemployment Rights" is effective December 12, 1994.

(b)     The following changes are effective for Plan Years beginning after
        December 31, 1996:

        (i)     elimination of the family aggregation requirements;

        (ii)    changes to the definition of "Highly Compensated Employee" in
                Article I of the Plan;

        (iii)   changes to the definition of "leased employee" in Article I or
                II, as applicable;

        (iv)    changes to the 401(k) discrimination test in Article VII of the
                Plan and changes to the method of correction where the Plan
                fails to satisfy the test; and

        (v)     changes to the 401(m) discrimination test in Article VII of the
                Plan and changes to the method of correction where the Plan
                fails to satisfy the test.

(c)     Changes in the definition of "Required Beginning Date" in Article I of
        the Plan and the addition of special provisions in Article XV permitting
        Participants to whom distribution has commenced under the old rules, but
        who would not be required to commence under the new rules, to suspend
        distributions, are effective June 1, 1998.

(d)     Changes to the anti-alienation provisions of Article XV to include the
        exceptions in Code Section 401(a)(13)(C) and (D) are effective for
        judgments, orders, and decrees issued and settlement agreements entered
        into on or after August 5, 1997.

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(e)     The increase in the cashout limit from $3,500 to the limit specified in
        the Plan is effective June 1, 1998.

(f)     Elimination of the look back rule for determining whether the value of a
        Participant's Account exceeds the cashout limit is effective March 22,
        1999.

(g)     Exclusion of hardship withdrawals of Tax-Deferred Contributions from the
        definition of "eligible rollover distribution" is effective May 1, 1999.

(h)     Elimination of the combined limit on defined benefit and defined
        contribution plans under Code Section 415(e) is effective the first day
        of the first "limitation year" beginning on or after January 1, 2000.

The special effective dates provided above apply the provisions of the Plan
retroactively to any plan that merged into the Plan prior to the end of its
remedial amendment period for compliance with the GUST required changes, except
to the extent the merged plan was separately amended to comply with such GUST
required changes.

                                   *    *    *

        EXECUTED AT ____________________________________________________,

____________________________, this ___________ day of __________________,

_________.

                                                METALS USA, INC.

                                                By:
                                                   -----------------------------
                                                  Title:

                                       71

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