Document:

Exhibit 10.28
                             CIRILIUM HOLDINGS, INC.

                          STOCK OPTION AWARD AGREEMENT

      THIS STOCK  OPTION AWARD  AGREEMENT,  dated as of the 21st day of May 2004
(the "Agreement"),  is between Cirilium Holdings,  Inc., a Delaware  corporation
with its principal offices at 625 N. Flagler Drive,  Suite 605, West Palm Beach,
FL 33401 (the  OCompanyO),  and Timothy M. Simpson,  a consultant of the Company
(OConsultantO) as of the date of the initial  Consulting  Agreement  executed on
May  3,  2004,  ("initial   Consulting   Agreement")  between  the  Company  and
Consultant.  The Company and Consultant may be known  individually  as a "Party"
and collectively as "Parties".

      WHEREFORE,   in   consideration   of  the  mutual   promises  and  of  the
representations,  warranties,  covenants and performances herein contained,  the
parties  hereto,  intending to be legally  bound  according to the terms of this
Agreement, hereby agree as follows:

1.    Option Award

In accordance with the terms of the initial  Consulting  Agreement,  the Company
shall grant Consultant stock options in an amount and according to the terms and
conditions  described  herein,  and Consultant hereby accepts and agrees to this
grant, in an amount and in accordance with the terms and conditions  hereinafter
set forth.

            1.1 Award of Stock Options.

            Contingent upon Consultant's continued Services to the Company under
            the initial Consulting  Agreement,  Consultant shall receive options
            to purchase a total of 150,000 shares of restricted  common stock in
            the  Company.  In the event that the  Consulting  Agreement  between
            Consultant and the Company is  terminated,  whether by Consultant or
            by the Company (including  without limitation a termination  without
            cause), Consultant shall receive options for the current fiscal year
            in an  amount  pro  rata  with  that  portion  of the  year in which
            Consultant  performed  services for the Company and Consultant shall
            receive these options at the end of the relevant twelve-month period
            as if this Agreement had never been terminated.

            All options  subject to this  section  shall vest  according  to the
            following schedule:

---------------------------------------------------- ---------------------------
Vesting Date (1)                                     Number of Options (2)
---------------------------------------------------- ---------------------------
At the end of the 12th  month  from the date of the  50,000
initial Consulting Agreement
---------------------------------------------------- ---------------------------
At the end of the 24th  month  from the date of the  50,000
initial Consulting Agreement
---------------------------------------------------- ---------------------------
At the end of the 36th  month  from the date of the  50,000
initial Consulting Agreement
---------------------------------------------------- ---------------------------

            (1) The vesting  date of all options  granted  under this  Agreement
            shall be with  reference to either the execution date of the initial
            Consulting  Agreement  or the date of this  Agreement,  whichever is
            earlier.

            (2) The  exercise  price of all  options  subject to this  Agreement
            shall be $.0001 (one-hundredth of one cent) per share.

                                       1
<PAGE>

            Consultant  represents  to the  Company  that he is not subject or a
            party  to  any  consulting  agreement,   non-competition   covenant,
            non-disclosure agreement or other agreement, covenant, understanding
            or  restriction  of  any  nature  whatsoever  which  would  prohibit
            Consultant  from executing  this Agreement and performing  fully his
            duties and responsibilities hereunder, or which would in any manner,
            directly   or   indirectly,   limit  or  affect   the   duties   and
            responsibilities  which  may now or in the  future  be  assigned  to
            Consultant by the Company.

            1.2 Extent of Service.

            The foregoing  shall not be construed as preventing  Consultant from
            making investments in other businesses or enterprises  provided that
            Consultant  agrees  not to  become  engaged  in any  other  business
            activity which may, in the judgment of the Board of Directors of the
            Company,  interfere  with his  ability to  discharge  his duties and
            responsibilities to the Company.

2.    Change of Control

      In the event of a change of control or ownership of the Company, the Board
      of  Directors  shall use best  efforts  to effect  an  agreement  with the
      Acquirer  whereby  the  Consultant  shall be  allowed  to vest its  entire
      current and future stock  options in the Company for that  current  fiscal
      year  immediately  following  a change  of  control  or  ownership  by the
      Company.

3.    Confidential Information

      a.    Consultant recognizes and acknowledges that by reason of his service
            to the Company,  he has had, and will  continue to have (for so long
            as  Consultant  remains with the  Company),  access to  confidential
            information  of the Company and its  affiliates,  including  without
            limitation,  information  and  knowledge  pertaining to products and
            services  offered,   ideas,   plans,   trade  secrets,   proprietary
            information,   advertising,   distribution  and  sales  methods  and
            systems,  sales and profit figures,  customer and client lists,  and
            relationships  between the Company and its affiliates and customers,
            clients,  suppliers and others who have  business  dealings with the
            Company and its affiliates (OConfidential InformationO).  Consultant
            acknowledges  that such  Confidential  Information is a valuable and
            unique asset and covenants that he will not, either during or at any
            time after the Term,  disclose any such Confidential  Information to
            any person for any reason whatsoever (except as his duties described
            herein may require)  without the prior written  authorization of the
            Board of Directors of the Company, unless such information is in the
            public  domain  through no fault of  Consultant  or except as may be
            required by law.
      b.    Consultant  will not  disclose  the  terms or the  contents  of this
            Agreement  to any person for any  reason  whatsoever  (except as his
            duties  described  herein may  require)  without  the prior  written
            authorization of the Board of Directors of the Company,  unless such
            information  is in the public domain  through no fault of Consultant
            or except as may be required by law.
      c.    The  restrictions  contained in Sections  3(a) and 3(b) herein shall
            continue  to be in full force and  effect for so long as  Consultant
            continues to remain engaged by the Company,  then continuing for not
            less than one (1) year  following the  termination  thereof,  or for
            three (3) years, whichever period of time is longer.

4.    Equitable Relief

      a.    Consultant  acknowledges that the restrictions contained in Sections
            1 and 2 hereof are  reasonable  and that the Company  would not have
            entered into this Agreement in the absence of such restrictions, and
            that any violation of any provision of those Sections will result in
            irreparable injury to the Company.
      b.    CONSULTANT  FURTHER REPRESENTS AND ACKNOWLEDGES THAT (i) HE HAS BEEN
            ADVISED BY THE COMPANY TO CONSULT  HIS OWN LEGAL  COUNSEL IN RESPECT
            OF THIS AGREEMENT,  (ii) THAT HE HAS HAD FULL OPPORTUNITY,  PRIOR TO
            EXECUTION OF THIS AGREEMENT, TO REVIEW THROUGHLY THIS AGREEMENT WITH
            HIS COUNSEL,  AND (iii) HE HAS READ AND FULLY  UNDERSTANDS THE TERMS
            AND PROVISIONS OF THIS AGREEMENT.

                                       2
<PAGE>

      c.    Consultant  agrees that the Company shall be entitled to preliminary
            and permanent injunctive relief,  without the necessity of providing
            actual damages, as well as an equitable  accounting of all earnings,
            profits and other  benefits  arising from any violation of Section 2
            hereof,  which  rights  shall be  cumulative  and in addition to any
            other  rights or remedies to which the Company may be  entitled.  In
            the event that any of the provisions of Section 2 hereof should ever
            be adjudicated to exceed the time,  geographic,  product or service,
            or  other   limitations   permitted   by   applicable   law  in  any
            jurisdiction,  then such provisions shall be deemed reformed in such
            jurisdiction to the maximum time, geographic, product or service, or
            other  limitations   permitted  by  applicable  law.
      d.    Consultant irrevocably and unconditionally (i) agrees that any suit,
            action or other  legal  proceeding  arising  out of this  Agreement,
            including  without  limitation,  any action commenced by the Company
            for  preliminary or permanent  injunctive  relief or other equitable
            relief,  must be brought in the United States District Court for the
            Southern  District  of  Florida,  or if such  court  does  not  have
            jurisdiction  or will  not  accept  jurisdiction,  in any  court  of
            general  jurisdiction  in Palm Beach  County  (ii)  consents  to the
            non-exclusive  jurisdiction  of any such  court  in any  such  suit,
            action  or  proceeding,   and  (iii)  waives  any  objection   which
            Consultant may have to the laying of venue of any such suit,  action
            or proceeding in any such court.  Consultant  also  irrevocably  and
            unconditionally  consents to the service of any process,  pleadings,
            notices  or  other  papers  in a  manner  permitted  by  the  notice
            provisions of Section 6 hereof.

5.    Governing Law

      This Agreement shall be governed by and interpreted  under the laws of the
      State of Florida without giving effect to any conflict of laws provisions.

6.    Litigation Expenses

      In the event of a lawsuit by either  Party to enforce  the  provisions  of
      this Agreement each Party must pay their own costs and expenses.

7.    Notices

      All notices and other  communications  required or permitted  hereunder or
      necessary or  convenient in  connection  herewith  shall be in writing and
      shall be deemed  to have  been  given  when  hand  delivered  or mailed by
      registered or certified  mail, as follows  (provided that notice of change
      of address shall be deemed given only when received):

         If to the Company:         Cirilium Holdings Inc.
                                    625 North Flagler Drive
                                    Suite 605
                                    West Palm Beach, FL 33401

         If to Consultant:
                                    -------------------------
                                    -------------------------
                                    -------------------------

      or to such other names or  addresses as to the Company or  Consultant,  as
      the case may be, shall  designate by notice to each other person  entitled
      to receive notices in the manner specified in this Section.

                                       3
<PAGE>

8.    Entire Agreement: Contents of Agreement.

            (a) This Agreement  supersedes any and all other agreements,  either
            oral or written,  between the Parties, with respect to the number of
            stock options granted to Consultant. The vesting date of all options
            granted  under  this  Agreement  shall  be  with  reference  to  the
            execution  date of the initial  Consulting  Agreement,  dated May 3,
            2004.

            (b)   Each   Party   to   this   Agreement   acknowledges   that  no
            representation,  inducements,  promises  or  agreements,  orally  or
            otherwise,  have been made by any Party,  or anyone acting on behalf
            of any  Party,  which  are not  embodied  herein,  and that no other
            agreement,  statement,  or promise not  contained in this  Agreement
            shall be valid or binding.  Any  modification of this Agreement will
            be effective  only if it is in writing and signed by both Parties to
            this Agreement.

            (c)  Words  used  herein,   regardless  of  the  number  and  gender
            specifically  used,  shall be deemed and  construed  to include  any
            other number,  singular or plural, and any other gender,  masculine,
            feminine or neuter, as the context indicates is appropriate.

9     Assignment

      All of the terms and  provisions of this  Agreement  shall be binding upon
      and inure to the benefit of and be enforceable  by the  respective  heirs,
      executors, administrators,  legal representatives,  successors and assigns
      of the  parties  hereto,  except that the duties and  responsibilities  of
      Consultant  hereunder are of a personal nature and shall not be assignable
      or delegable in whole or in part by Consultant.

10.   Miscellaneous

      All section  headings are for  convenience  only.  This  Agreement  may be
      executed in several  counterparts,  each of which is an original. It shall
      not be  necessary in making  proof of this  Agreement  or any  counterpart
      hereof to produce or account for any of the other counterparts.

      IN WITNESS WHEREOF,  the undersigned,  intending to be legally bound, have
executed this Agreement as of the date first above written.

Cirilium Holdings, Inc.                               Consultant

By: /s/ Robert W. Pearce                              By: /s/ Timothy M. Simpson
    --------------------------                           -----------------------
    Robert W. Pearce, President                          Timothy M. SimpsonFirst Horizon National Corp

Exhibit 10(i) 

FIRST HORIZON NATIONAL
CORPORATION 
AMENDED AND RESTATED
PENSION RESTORATION PLAN 
ADOPTED OCTOBER 25,
1995 
(As Amended and
Restated 4-20-04) 

 

	I. 	PURPOSE

	 	
This
Plan is established by First Horizon National Corporation and any successor thereto and
its subsidiaries (herein collectively referred to as “the Company”) for the
purpose of encouraging and enabling the Company to attract, motivate and retain key
executives and for the purpose of providing benefits for certain members of the First
Horizon National Corporation Pension Plan (hereinafter called “the Program”) in
excess of the limitations of benefits and contributions imposed in respect to such
Program by Section 415 and any excess that may result from any limitation on compensation
that may be considered by the Program pursuant to Section 401(a)(17), of the Internal
Revenue Code of 1986 (“IRC”), as amended. 

	II. 	EFFECTIVE DATE

	 	
The
original effective date of the Pension Restoration Plan (hereinafter referred to as the
“Plan”) was January 1, 1984. The effective date of this Amended and Restated
Pension Restoration Plan shall be October 25, 1995.  

	III. 	ADMINISTRATION AND ELIGIBILITY

		A. 	The
Plan will be administered by the Administration Committee (hereinafter           referred
to as the “Committee”) consisting of two or more officers of           the
Corporation appointed by and serving at the pleasure of the Board of           Directors
of the Company. The selection of Executives of the Company who will           participate
will be made by the Committee, except for Executives who have been           designated
by the Board of Directors as Executive Officers, whose participation           in the
Plan must be approved by the Human Resources Committee of the Board of
          Directors, and they will receive benefits in accordance with the provisions of
          the Plan. 

		B. 	The
Committee will have the discretion, authority and responsibility (1) of
          interpreting the Plan and any agreement evidencing benefits granted hereunder,
          and (2) making all other determinations in connection with the administration
of           the Plan, all of which shall be final and conclusive. 

	IV.  	PAYMENT OF BENEFITS

		A. 	In
order to qualify to receive the benefits set forth in Paragraph VI, below, a
          participant must remain employed until age 65, unless an early retirement date
          is approved by the Human Resources Committee of the Board of Directors. 

		B. 	Benefits
payable pursuant to the terms of the Plan shall be paid directly from           the
general assets of the Company. Should the Company establish any advance
          reserve, such reserve or fund shall not under any circumstances be deemed to be
          an asset of the Plan nor a source of payment of any claims under the Plan but,
          at all times, shall remain a part of the general assets of the Company. 

	V. 	RETIREMENT DATE 

	 	
A
participant shall be retired under this Plan on the same Retirement Date applicable for
him/her under the Program.  

Page 1 of 5 

 

  

	VI. 	CALCULATION OF BENEFITS

	 	
Commencing
with the first month immediately following retirement, each Participant shall receive a
monthly payment equal to the difference between (A) and (B) below, in each case
determined without regard to Section 11.3(b) of the Program:  

		A. 	The
monthly pension that would have been payable from the Program; determined           under
its rules on the Participant’s Retirement Date, but as if the           limitations
imposed by IRC Section 415 and Section 401(a)(17) did not apply. 

		B. 	The
actual monthly pension payable to the Participant from the Program. 

	 	
Any
monthly payment calculated by A. and B. above (the “Basic Benefit”) shall be
payable in the same manner and under the same terms and conditions as payments due from
the Program.  

	 	
In
addition to the Basic Benefit, the Company and a Participant may agree in writing that
the Participant shall be paid an additional monthly payment in excess of that payable by
the Program due to the limitations of Code Section 401(a)(17), or Code Section 415, in
such amount and in such manner as so agreed. [Any such agreement with a Participant shall
be referred to in Schedule A to this Plan.] 

	VII. 	CLAIMS PROCEDURES

	 	
All
claims for benefits under the Plan shall be submitted in writing to the Committee. A
Participant whose claim for benefits is denied shall have the right to a written
explanation of the specific reasons for such denial and may request the Committee to
reconsider such denial. Upon such a request for reconsideration the Committee shall
review its decision with the Participant who may submit in writing such facts and issues,
and may review such documents as may be pertinent. The Committee shall render its
decision in writing within sixty days. The Committee’s decision shall then be final
and conclusive.  

		VIII. 	MISCELLANEOUS

		A. 	Nonalienability.
No benefit payable at any time hereunder shall be subject in           any manner to
alienation, sale, transfer, assignment, pledge, attachment or           other legal
process, or encumbrances of any kind. Any attempt to alienate, sell,           transfer,
assign, pledge or otherwise encumber any such benefit, whether           currently or
hereafter payable, shall be void. Except as otherwise specifically           provided by
law, no such benefit shall, in any manner, be liable for or subject           to the
debts or liabilities of any participant or any other person entitled to           such
benefit. 

		B. 	No
Rights to Employment. The Plan shall not be construed as providing any
          participant with the right to be retained in the Company’s employ or to
          receive any benefit not specifically provided hereunder. 

		C. 	Amendment
and Termination. The Company shall have the right, at any time and           from time to
time, to amend in whole or in part, or to terminate any of the           provisions of
the Plan, and such amendment or termination shall be binding upon           all
participants and parties interest. Notwithstanding the foregoing, the           benefits
payable hereunder may not be reduced or terminated for those           participants who
have attained age 65, or for whom an early retirement date has           been approved by
the Human Resources Committee of the Board of Directors, acting           pursuant to
Section IV(A) hereof. 

		D. 	Governing
Law. The Plan shall be governed by and construed in accordance with           the
Employee Retirement Income Security Act of 1974 (P.L. 93-406) and to the           extent
not pre-empted thereby, by the laws of the State of Tennessee. 

		E. 	Successors.
This Plan shall bind any successor of the Company, its assets or its           businesses
(whether direct or indirect, by purchase, merger, consolidation or           otherwise),
in the same manner and to the same extent that the Company would be           obligated
under this Plan if no succession had taken place. In the case of any
          transaction in which a successor would not by the foregoing provision or by
          operation of law be bound by this Plan, the Company shall require such
successor           expressly and unconditionally to assume and agree to perform the
Company’s           obligations under this Plan, in the same manner and to the same
extent that the           Company would be required to perform if no such succession had
taken place. The           term “Company,” as used in the Plan, shall mean the
Company as           hereinbefore defined and any successor or assignee to the business
or assets           which by reason hereof becomes bound by this Plan. 

Page 2 of 5 

 

  

	IX.  	CHANGE IN CONTROL

		A. 	“Change
in Control” means the occurrence of any one of the following           events: 

	 	
(I)
                     individuals who, on January 21, 1997, constitute the Board (the
                    “Incumbent Directors”) cease for any reason to constitute
at least a                     majority of the Board, provided that any person becoming a
director subsequent                     to January 21, 1997, whose election or nomination
for election was approved by a                     vote of at least three-fourths (3/4)
of the Incumbent Directors then on the                     Board (either by a specific
vote or by approval of the proxy statement of the                     Company in which
such person is named as a nominee for director, without written
                    objection to such nomination) shall be an Incumbent Director;
provided, however,                     that no individual elected or nominated as a
director of the Company initially                     as a result of an actual or
threatened election contest with respect to                     directors or as a result
of any other actual or threatened solicitation of                     proxies or consents
by or on behalf of any person other than the Board shall be                     deemed to
be an Incumbent Director;  

	 	
(ii)
                     any “Person” (as defined under Section 3(a)(9) of the
Securities                     Exchange Act of 1934, as amended (the “Exchange Act” )
and as used in                     Section 13(d) or Section 14(d) of the Exchange Act) is
or becomes a                     “beneficial owner” (as defined in Rule 13d-3
under the Exchange                     Act), directly or indirectly, of securities of the
Company representing 20% or                     more of the combined voting power of the
Company’s then outstanding                     securities eligible to vote for the
election of the Board (the “Company                     Voting Securities”);
provided, however, that the event described in this                     paragraph (ii)
shall not be deemed to be a change in control by virtue of                     any of the
following acquisitions: (A) by the Company or any entity in
                    which the Company directly or indirectly beneficially owns more than
50% of the                     voting securities or interests (a “Subsidiary”),
(B) by an employee                     stock ownership or employee benefit plan or trust
sponsored or maintained by the                     Company or any Subsidiary, (C) by any
underwriter temporarily holding securities                     pursuant to an offering of
such securities, or (D) pursuant to a                     Non-Qualifying Transaction
(as defined in paragraph (iii));  

	 	
(iii)
                     consummation of a merger, consolida-tion, share exchange or similar
form of                     corporate transaction involving the Company or any of its
Subsidiaries that                     requires the approval of the Company’s
shareholders, whether for such                     transaction or the issuance of
securities in the transaction (a “Business                     Combination”),
unless immediately following such Business Combination: (A)                     more than
50% of the total voting power of (x) the corporation resulting from
                    such Business Combination (the “Surviving Corporation”), or
(y) if                     applicable, the ultimate parent corporation that directly or
indirectly has                     beneficial ownership of 600 of the voting securities
eligible to elect                     directors of the Surviving Corporation (the “Parent
Corporation”), is                     represented by Company Voting Securities that
were outstanding immediately prior                     to the consummation of such
Business Combination (or, if applicable, is                     represented by shares
into which such Company Voting Securities were converted                     pursuant to
such Business Combination), and such voting power among the holders
                    thereof is in substantially the same proportion as the voting power
of such                     Company Voting Securities among the holders thereof
immediately prior to the                     Business Combination, (B) no person (other
than any employee benefit plan                     sponsored or maintained by the
Surviving Corporation or the Parent Corporation),                     is or becomes the
beneficial owner, directly or indirectly, of 20% or more of                     the total
voting power of the outstanding voting securities eligible to elect
                    directors of the Parent Corporation (or, if there is no Parent
Corporation, the                     Surviving Corporation) and (C) at least a majority
of the members of the board                     of directors of the Parent Corporation
(or, if there is no Parent Corporation,                     the Surviving Corporation)
were Incumbent Directors at the time of the                     Board’s approval of
the execution of the initial agreement providing for                     such Business
Combination (any Business Combination which satisfies all of the
                    criteria specified in (A), (B) and (C) above shall be deemed to be a
                    “Non-Qualifying Transaction”); or  

Page 3 of 5 

 

  

	 	
(iv)  the shareholders of the
Company approve a plan of complete liquidation or                     dissolution of the
Company or a sale of all or substantially all of the                     Company’s
assets.  

	 	
Notwithstanding
the foregoing, a Change in Control of the Company shall not be deemed to occur solely
because any person acquires beneficial ownership of more than 20% of the Company Voting
Securities as a result of the acquisi-tion of Company Voting Securities by the Company
which reduces the number of Company Voting Securities outstanding; provided, that if
after such acquisition by the Company such person becomes the beneficial owner of
additional Company Voting Securities that increases the percentage of outstanding Company
Voting Securities beneficially owned by such person, a change in control of the Company
shall then occur.  

		B. 	Notwithstanding
anything herein to the contrary, the benefits payable under the           Plan (both
benefits that have accrued at the time of a Change in Control and           those that
accrue thereafter) may not be reduced or terminated after a Change in           Control
for any individual who was a participant in the Plan at the time of the           Change
in Control. 

		C. 	(1)
Notwithstanding anything in the Plan to the contrary, in the event a Change           in
Control or the “Pre-Change in Control Date” (as defined below)
          occurs, the Company shall make a lump sum payment (“Payment”) to each
          Participant (including any Participant currently receiving benefits under the
          Plan) on a date (the “Distribution Date”) no later than 2 business
          days after the Change in Control has occurred (or, if an agreement to
effectuate           a Change in Control pursuant to a Business Combination has been
executed, on the           date (the “Pre-Change in Control Date”) that is the
third business day           prior to the date the Chief Executive Officer of the Company
believes in good           faith will be the effective date of such Change in Control,
but in any event           prior to the effective date of such Change in Control). 

	 	
(2)
                     The Payment shall be in an amount equal to the accrued benefit (the
                    “Accrued Benefit”) under the Plan as of the Distribution
Date                     converted into an Actuarially Equivalent lump sum (in accordance
with the                     provisions of paragraphs (3) through (6) below). For
purposes of determining the                     Actuarially Equivalent lump sum of an
Accrued Benefit, the mortality table                     specified under the Program for
actuarial equivalence and an interest rate of                     4.2% shall be used.  

	 	
(3)
                     If a Participant is age 65 or older as of the Distribution Date, the
Accrued                     Benefit shall be converted to an Actuarially Equivalent lump
sum assuming that                     such Participant (a) retired on the Distribution
Date and (b) immediately                     commenced receipt of the Accrued Benefit in
the normal form of benefit under the                     Program.  

	 	
(4)
                     If a Participant has not attained age 65 as of the Distribution
Date, but is at                     least age 55, the Accrued Benefit shall be converted
to an Actuarially                     Equivalent lump sum assuming that (a) such
Participant retired on the                     Distribution Date, (b) the Accrued Benefit
was reduced for early commencement                     using the reduction factors
specified in the Program determined without regard                     to Section 11.3(b)
of the Program and (c) such Participant immediately commenced                     receipt
of such reduced Accrued Benefit in the normal form of benefit under the
                    Program.  

	 	
(5)
                     If a Participant has not attained age 55 as of the Distribution
Date, the                     Accrued Benefit shall first be converted to an Actuarially
Equivalent lump sum                     assuming that (a) such Participant was age 55 on
the Distribution Date, (b) the                     Accrued Benefit was reduced for early
commencement using the reduction factors                     specified in the Program
determined without regard to Section 11.3(b) of the                     Program for a
Participant retiring at age 55 and (c) such Participant commenced
                    receipt at age 55 of such reduced Accrued Benefit in the normal form
of benefit                     under the Program. Such Actuarially Equivalent lump sum
shall then be further                     reduced from age 55 to such Participant’s
actual age as of the Distribution                     Date, using an interest rate of
4.2% but without any reduction for mortality.  

Page 4 of 5 

 

  

	 	
(6)
                     Notwithstanding anything to the contrary in this Section IX.C, in
the event any                     Participant (or any Participant’s beneficiary) is
receiving benefit                     payments under the Plan as of the Distribution Date
(such Participant or                     beneficiary, a “Retiree”), the amount
of the Payment payable to such                     Retiree shall be the Actuarially
Equivalent lump sum value of such remaining                     benefit payments that
would otherwise be payable to such Retiree.  

	 	
(7)
                     With respect to any Retiree, the Payment payable under this Section
IX.C shall                     be in lieu of, and in full settlement of, any other
remaining amounts that would                     have been payable to such Retiree had a
Change in Control (or the Pre-Change in                     Control Date) not occurred,
and the Company shall have no further obligations to                     such Retiree
after such Payment is made. With respect to any Participant other
                    than a Retiree, in the event the Plan is continued and not terminated
following                     a Change in Control, any amount finally determined under
Section VI of the Plan                     upon such Participant’s actual retirement
shall be offset by the amount of                     the Accrued Benefit (as converted to
the applicable form of benefit) determined                     under this Section IX.C.” 

[Reflects 4-20-04 Company
name change.] 

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