Document:

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                                                                    EXHIBIT 10.B

                                MASCO CORPORATION
                       1991 LONG TERM STOCK INCENTIVE PLAN
                    (Amended and Restated February 10, 2004)

SECTION 1.  PURPOSES

     The purposes of the 1991 Long Term Stock Incentive Plan (the "Plan") are to
encourage selected employees of and consultants to Masco Corporation (the
"Company") and its Affiliates to acquire a proprietary interest in the Company
in order to create an increased incentive to contribute to the Company's future
success and prosperity, and enhance the ability of the Company and its
Affiliates to attract and retain exceptionally qualified individuals upon whom
the sustained progress, growth and profitability of the Company depend, thus
enhancing the value of the Company for the benefit of its stockholders.

SECTION 2.  DEFINITIONS

     As used in the Plan, the following terms shall have the meanings set forth
below:

     (a) "Affiliate" shall mean any entity in which the Company's direct or
indirect equity interest is at least twenty percent, and any other entity in
which the Company has a significant direct or indirect equity interest, whether
more or less than twenty percent, as determined by the Committee.

     (b) "Award" shall mean any Option, Stock Appreciation Right, Restricted
Stock, Restricted Stock Unit, Performance Award, Dividend Equivalent or Other
Stock-Based Award granted under the Plan.

     (c) "Award Agreement" shall mean any written agreement, contract or other
instrument or document evidencing any Award granted under the Plan.

     (d) "Code" shall mean the Internal Revenue Code of 1986, as amended from
time to time.

     (e) "Committee" shall mean a committee of the Company's directors
designated by the Board of Directors to administer the Plan and composed of not
less than two directors, each of whom is a "non-employee director" within the
meaning of Rule 16b-3.

     (f) "Dividend Equivalent" shall mean any right granted under Section 6(e)
of the Plan.

     (g) "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended.

     (h) "Incentive Stock Option" shall mean an Option granted under Section
6(a) of the Plan that is intended to meet the requirements of Section 422 of the
Code, or any successor provision thereto.

     (i) "Non-Qualified Stock Option" shall mean an Option granted under Section
6(a) of the Plan that is not intended to be an Incentive Stock Option.

     (j) "Option" shall mean an Incentive Stock Option or a Non-Qualified Stock
Option.

     (k) "Other Stock-Based Award" shall mean any right granted under Section
6(f) of the Plan.

     (l) "Participant" shall mean an employee of or consultant to the Company or
any Affiliate or a director of the Company designated to be granted an Award
under the Plan.

     (m) "Performance Award" shall mean any right granted under Section 6(d) of
the Plan.

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     (n) "Prior Plans" shall mean the Company's 1988 Restricted Stock Incentive
Plan and 1988 Stock Option Plan.

     (o) "Restricted Period" shall mean the period of time during which Awards
of Restricted Stock or Restricted Stock Units are subject to restrictions.

     (p) "Restricted Stock" shall mean any Share granted under Section 6(c) of
the Plan.

     (q) "Restricted Stock Unit" shall mean any right granted under Section 6(c)
of the Plan that is denominated in Shares.

     (r) "Rule 16b-3" shall mean Rule 16b-3 promulgated by the Securities and
Exchange Commission under the Exchange Act, or any successor rule or regulation.

     (s) "Section 16" shall mean Section 16 of the Exchange Act, the rules and
regulations promulgated by the Securities and Exchange Commission thereunder, or
any successor provision, rule or regulation.

     (t) "Shares" shall mean the Company's common stock, par value $1.00 per
share, and such other securities or property as may become the subject of
Awards, or become subject to Awards, pursuant to an adjustment made under
Section 4(c) of the Plan.

     (u) "Stock Appreciation Right" shall mean any right granted under Section
6(b) of the Plan.

SECTION 3.  ADMINISTRATION

     The Committee shall administer the Plan, and subject to the terms of the
Plan and applicable law, the Committee's authority shall include without
limitation the power to:

              (i) designate Participants;

              (ii) determine the types of Awards to be granted;

              (iii) determine the number of Shares to be covered by Awards and
         any payments, rights or other matters to be calculated in connection
         therewith;

              (iv) determine the terms and conditions of Awards and amend the
         terms and conditions of outstanding Awards;

              (v) determine how, whether, to what extent, and under what
         circumstances Awards may be settled or exercised in cash, Shares, other
         securities, other Awards or other property, or canceled, forfeited or
         suspended;

              (vi) determine how, whether, to what extent, and under what
         circumstances cash, Shares, other securities, other Awards, other
         property and other amounts payable with respect to an Award shall be
         deferred either automatically or at the election of the holder thereof
         or of the Committee;

              (vii) determine the methods or procedures for establishing the
         fair market value of any property (including, without limitation, any
         Shares or other securities) transferred, exchanged, given or received
         with respect to the Plan or any Award;

              (viii) prescribe and amend the forms of Award Agreements and other
         instruments required under or advisable with respect to the Plan;

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              (ix) designate Options granted to key employees of the Company or
         its subsidiaries as Incentive Stock Options;

              (x) interpret and administer the Plan, Award Agreements, Awards
         and any contract, document, instrument or agreement relating thereto;

              (xi) establish, amend, suspend or waive such rules and regulations
         and appoint such agents as it shall deem appropriate for the
         administration of the Plan;

              (xii) decide all questions and settle all controversies and
         disputes which may arise in connection with the Plan, Award Agreements
         and Awards;

              (xiii) delegate to directors of the Company the authority to
         designate Participants and grant Awards, and to amend Awards granted to
         Participants;

              (xiv) make any other determination and take any other action that
         the Committee deems necessary or desirable for the interpretation,
         application and administration of the Plan, Award Agreements and
         Awards.

     All designations, determinations, interpretations and other decisions under
or with respect to the Plan, Award Agreements or any Award shall be within the
sole discretion of the Committee, may be made at any time and shall be final,
conclusive and binding upon all persons, including the Company, Affiliates,
Participants, beneficiaries of Awards and stockholders of the Company.

SECTION 4.  SHARES AVAILABLE FOR AWARDS

     (a) Shares Available.  Subject to adjustment as provided in Section 4(c):

         The maximum number of Shares available for issuance in respect of
Awards made under the Plan on or after May 17, 2000 shall be 20,000,000 Shares
plus up to an additional 20,000,000 Shares to the extent Shares are acquired by
the Company, including Shares purchased in the open market, on or after May 17,
2000 in connection with awards made under the Plan, provided, however, that in
the event (i) an Award in respect of Shares under the Plan or the Prior Plans is
settled for cash or expires or is terminated unexercised as to any Shares
covered thereby, (ii) any Award under the Plan or the Prior Plans in respect of
shares is cancelled or forfeited for any reason without the delivery of Shares,
(iii) any Option or other Award granted is exercised through the surrender of
Shares, or (iv) tax obligations are satisfied through the surrender or
withholding of Shares, the number of Shares available for issuance in respect of
Awards under the Plan shall be increased by the number of Shares not delivered
in connection with any such Award or so surrendered or withheld. Not more than
20,000,000 shares may be awarded as incentive stock options on or after May 17,
2000. Subject to the foregoing, Shares may be made available from the authorized
but unissued Shares of the Company or from Shares reacquired by the Company,
including but not limited to Shares purchased in the open market.

     (b) Individual Stock-Based Awards. Subject to adjustment as provided in
Section 4(c), no Participant may receive Options or Stock Appreciation Rights
under the Plan in any calendar year that relate to more than 4,000,000 Shares in
the aggregate; provided, however, that such number may be increased with respect
to any Participant by any Shares available for grant to such Participant in
accordance with this Paragraph 4(b) in any prior years that were not granted in
such prior year beginning on or after January 1, 2000. No provision of this
Paragraph 4(b) shall be construed as limiting the amount of any other
stock-based or cash-based Award which may be granted to any Participant.

     (c) Adjustments. Upon the occurrence of any dividend or other distribution
(whether in the form of cash, Shares, other securities or other property),
change in the capital or shares of capital stock, recapitalization, stock split,
reverse stock split, reorganization, merger, consolidation, split-up, spin-off,

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combination, repurchase, or exchange of Shares or other securities of the
Company, issuance of warrants or other rights to purchase Shares or other
securities of the Company or extraordinary transaction or event which affects
the Shares, then the Committee shall have the authority to make such adjustment,
if any, in such manner as it deems appropriate, in (i) the number and type of
Shares (or other securities or property) which thereafter may be made the
subject of Awards, (ii) outstanding Awards including without limitation the
number and type of Shares (or other securities or property) subject thereto, and
(iii) the grant, purchase or exercise price with respect to outstanding Awards
and, if deemed appropriate, make provision for cash payments to the holders of
outstanding Awards; provided, however, that the number of Shares subject to any
Award denominated in Shares shall always be a whole number.

SECTION 5.  ELIGIBILITY

     Any employee of or consultant to the Company or any Affiliate, or any
director of the Company, is eligible to be designated a Participant.

SECTION 6.  AWARDS

     (a)  Options. The Committee is authorized to grant Options to Participants.

              (i) Committee Determinations. Subject to the terms of the Plan,
         the Committee shall determine:

                  (A) the purchase price per Share under each Option, provided,
              however, that such price shall be not less than 100% of the fair
              market value of the Shares underlying such Option on the date of
              grant;

                  (B) the term of each Option; and

                  (C) the time or times at which an Option may be exercised, in
              whole or in part, the method or methods by which and the form or
              forms (including, without limitation, cash, Shares, other Awards
              or other property, or any combination thereof, having a fair
              market value on the exercise date equal to the relevant exercise
              price) in which payment of the exercise price with respect thereto
              may be made or deemed to have been made. The terms of any
              Incentive Stock Option granted under the Plan shall comply in all
              respects with the provisions of Section 422 of the Code, or any
              successor provision thereto, and any regulations promulgated
              thereunder.

         Subject to the terms of the Plan, the Committee may impose such
conditions or restrictions on any Option as it deems appropriate.

              (ii) Other Terms.  Unless otherwise determined by the Committee:

                  (A) A Participant electing to exercise an Option shall give
              written notice to the Company, as may be specified by the
              Committee, of exercise of the Option and the number of Shares
              elected for exercise, such notice to be accompanied by such
              instruments or documents as may be required by the Committee, and
              shall tender the purchase price of the Shares elected for
              exercise.

                  (B) At the time of exercise of an Option payment in full in
              cash or in Shares (that have been held by the Participant for at
              least six months) or any combination thereof, at the option of the
              Participant, shall be made for all Shares then being purchased.

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                  (C) The Company shall not be obligated to issue any Shares
              unless and until:

                           (I) if the class of Shares at the time is listed upon
                  any stock exchange, the Shares to be issued have been listed,
                  or authorized to be added to the list upon official notice of
                  issuance, upon such exchange, and

                           (II) in the opinion of the Company's counsel there
                  has been compliance with applicable law in connection with the
                  issuance and delivery of Shares and such issuance shall have
                  been approved by the Company's counsel.

         Without limiting the generality of the foregoing, the Company may
require from the Participant such investment representation or such agreement,
if any, as the Company's counsel may consider necessary in order to comply with
the Securities Act of 1933 as then in effect, and may require that the
Participant agree that any sale of the Shares will be made only in such manner
as shall be in accordance with law and that the Participant will notify the
Company of any intent to make any disposition of the Shares whether by sale,
gift or otherwise. The Participant shall take any action reasonably requested by
the Company in such connection. A Participant shall have the rights of a
stockholder only as and when Shares have been actually issued to the Participant
pursuant to the Plan.

                  (D) If the employment of or consulting arrangement with a
              Participant terminates for any reason (including termination by
              reason of the fact that an entity is no longer an Affiliate) other
              than the Participant's death, the Participant may thereafter
              exercise the Option as provided below, except that the Committee
              may terminate the unexercised portion of the Option concurrently
              with or at any time following termination of the employment or
              consulting arrangement (including termination of employment upon a
              change of status from employee to consultant) if it shall
              determine that the Participant has engaged in any activity
              detrimental to the interests of the Company or an Affiliate. If
              such termination is voluntary on the part of the Participant
              (other than retirement on or after normal retirement date), the
              Option may be exercised only within ten days after the date of
              termination. If such termination is involuntary on the part of the
              Participant, the Option may be exercised within three months after
              the date of termination. If an employee retires on or after normal
              retirement date or if the employment or consulting relationship is
              terminated by reason of permanent and total disability, Options
              shall continue to become exercisable and shall remain exercisable
              in accordance with their terms and the provisions of this Plan.
              Unless the Committee determines otherwise, a change in a
              Participant's status from employee to consultant shall be
              considered a voluntary termination of employment as to any Option
              granted on or after September 13, 2000 (other than restoration
              Options granted with respect to Options granted prior to September
              13, 2000). For purposes of this Paragraph (D), a Participant's
              employment or consulting arrangement shall not be considered
              terminated (i) in the case of approved sick leave or other bona
              fide leave of absence (not to exceed one year), (ii) in the case
              of a transfer of employment or the consulting arrangement among
              the Company and Affiliates, or (iii) by virtue of a change of
              status from employee to consultant or from consultant to employee,
              except as provided above.

                  (E) If a Participant dies, all unexercisable installments of
              the Option shall thereupon become exercisable and, at any time or
              times within one year after death such Option may be exercised, as
              to all or any unexercised portion of the Option. The Company may
              decline to deliver Shares to a designated beneficiary until it
              receives indemnity against claims of third parties satisfactory to
              the Company. Except as so exercised such Option shall expire at
              the end of such period.

                  (F) Except as provided above, an Option may be exercised only
              if and to the extent such Option was exercisable at the date of
              termination of employment or the consulting

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              arrangement, and an Option may not be exercised at a time when the
              Option would not have been exercisable had the employment or
              consulting arrangement continued.

                  (G) The foregoing provisions of clauses (ii)(D) and (ii)(E)
              with respect to death, disability and retirement shall apply to
              all outstanding Options granted prior to September 13, 2000 other
              than substitute Options granted in replacement of options issued
              by a company prior to its acquisition by the Company.

              (iii) Restoration Options. The Committee may grant a Participant
         the right to receive a restoration Option with respect to an Option or
         any other stock option granted by the Company. Unless the Committee
         shall otherwise determine, a restoration Option shall provide that the
         underlying option must be exercised while the Participant is an
         employee of or, with respect to Options granted prior to September 13,
         2000, a consultant to the Company or an Affiliate and the number of
         Shares which are subject to a restoration Option shall not exceed the
         number of whole Shares exchanged in payment for the exercise of the
         original option.

     (b) Stock Appreciation Rights. The Committee is authorized to grant Stock
         Appreciation Rights to Participants. Subject to the terms of the Plan,
         a Stock Appreciation Right granted under the Plan shall confer on the
         holder thereof a right to receive, upon exercise thereof, the excess of
         (i) the fair market value of one Share on the date of exercise or, if
         the Committee shall so determine in the case of any such right other
         than one related to any Incentive Stock Option, at any time during a
         specified period before or after the date of exercise over (ii) the
         grant price of the right as specified by the Committee. Subject to the
         terms of the Plan, the Committee shall determine the grant price, term,
         methods of exercise and settlement and any other terms and conditions
         of any Stock Appreciation Right and may impose such conditions or
         restrictions on the exercise of any Stock Appreciation Right as it may
         deem appropriate.

     (c) Restricted Stock and Restricted Stock Units.

              (i) Issuance. The Committee is authorized to grant to Participants
         Awards of Restricted Stock, which shall consist of Shares, and
         Restricted Stock Units which shall give the Participant the right to
         receive cash, other securities, other Awards or other property, in each
         case subject to the termination of the Restricted Period determined by
         the Committee.

              (ii) Restrictions. The Restricted Period may differ among
         Participants and may have different expiration dates with respect to
         portions of Shares covered by the same Award. Subject to the terms of
         the Plan, Awards of Restricted Stock and Restricted Stock Units shall
         have such restrictions as the Committee may impose (including, without
         limitation, limitations on the right to vote Restricted Stock or the
         right to receive any dividend or other right or property), which
         restrictions may lapse separately or in combination at such time or
         times, in installments or otherwise. Unless the Committee shall
         otherwise determine, any Shares or other securities distributed with
         respect to Restricted Stock or which a Participant is otherwise
         entitled to receive by reason of such Shares shall be subject to the
         restrictions contained in the applicable Award Agreement. Subject to
         the aforementioned restrictions and the provisions of the Plan,
         Participants shall have all of the rights of a stockholder with respect
         to Shares of Restricted Stock.

              (iii) Registration. Restricted Stock granted under the Plan may be
         evidenced in such manner as the Committee may deem appropriate,
         including, without limitation, book-entry registration or issuance of
         stock certificates.

              (iv) Forfeiture. Except as otherwise determined by the Committee:

                  (A) If the employment of or consulting arrangement with a
              Participant terminates for any reason (including termination by
              reason of the fact that any entity is no longer an

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              Affiliate), other than the Participant's death or permanent and
              total disability or, in the case of an employee, retirement on or
              after normal retirement date, all Shares of Restricted Stock
              theretofore awarded to the Participant which are still subject to
              restrictions shall upon such termination of employment or the
              consulting relationship be forfeited and transferred back to the
              Company. Unless the Committee determines otherwise, a change in a
              Participant's status from employee to consultant shall be
              considered a termination of employment as to any Award of
              Restricted Stock granted on or after September 13, 2000.
              Notwithstanding the foregoing or Paragraph (C) below, if a
              Participant continues to hold an Award of Restricted Stock
              following termination of the employment or consulting arrangement
              (including retirement), the Shares of Restricted Stock which
              remain subject to restrictions shall nonetheless be forfeited and
              transferred back to the Company if the Committee at any time
              thereafter determines that the Participant has engaged in any
              activity detrimental to the interests of the Company or an
              Affiliate. For purposes of this Paragraph (A), a Participant's
              employment or consulting arrangement shall not be considered
              terminated (i) in the case of approved sick leave or other bona
              fide leave of absence (not to exceed one year), (ii) in the case
              of a transfer of employment or the consulting arrangement among
              the Company and Affiliates, or (iii) by virtue of a change of
              status from employee to consultant or from consultant to employee,
              except as provided above.

                  (B) If a Participant ceases to be employed or retained by the
              Company or an Affiliate by reason of death or permanent and total
              disability or if following retirement a Participant continues to
              have rights under an Award of Restricted Stock and thereafter
              dies, the restrictions contained in the Award shall lapse with
              respect to such Restricted Stock.

                  (C) If an employee ceases to be employed by the Company or an
              Affiliate by reason of retirement on or after normal retirement
              date, the restrictions contained in the Award of Restricted Stock
              shall continue to lapse in the same manner as though employment
              had not terminated.

                  (D) At the expiration of the Restricted Period as to Shares
              covered by an Award of Restricted Stock, the Company shall deliver
              the Shares as to which the Restricted Period has expired, as
              follows:

                      (1) if an assignment to a trust has been made in
                  accordance with Section 6(g)(iv)(B)(2)(c), to such trust; or

                      (2) if the Restricted Period has expired by reason of
                  death and a beneficiary has been designated in form approved
                  by the Company, to the beneficiary so designated; or

                      (3) in all other cases, to the Participant or the legal
                  representative of the Participant's estate.

     (d) Performance Awards. The Committee is authorized to grant Performance
Awards to Participants. Subject to the terms of the Plan, a Performance Award
granted under the Plan (i) may be denominated or payable in cash, Shares
(including, without limitation, Restricted Stock), other securities, other
Awards, or other property and (ii) shall confer on the holder thereof rights
valued as determined by the Committee and payable to, or exercisable by, the
holder of the Performance Award, in whole or in part, upon the achievement of
such performance goals during such performance periods as the Committee shall
establish. Subject to the terms of the Plan, the performance goals to be
achieved during any performance period, the length of any performance period,
the amount of any Performance Award granted, the amount of any payment or
transfer to be made pursuant to any Performance Award and other terms and
conditions shall be determined by the Committee.

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      (e) Dividend Equivalents. The Committee is authorized to grant to
Participants Awards under which the holders thereof shall be entitled to receive
payments equivalent to dividends or interest with respect to a number of Shares
determined by the Committee, and the Committee may provide that such amounts (if
any) shall be deemed to have been reinvested in additional Shares or otherwise
reinvested. Subject to the terms of the Plan, such Awards may have such terms
and conditions as the Committee shall determine.

      (f) Other Stock-Based Awards. The Committee is authorized to grant to
Participants such other Awards that are denominated or payable in, valued in
whole or in part by reference to or otherwise based on or related to Shares
(including, without limitation, securities convertible into Shares), as are
deemed by the Committee to be consistent with the purposes of the Plan,
provided, however, that such grants to persons who are subject to Section 16
must comply with the provisions of Rule 16b-3. Subject to the terms of the Plan,
the Committee shall determine the terms and conditions of such Awards. Shares or
other securities delivered pursuant to a purchase right granted under this
Section 6(f) shall be purchased for such consideration, which may be paid by
such method or methods and in such form or forms, including, without limitation,
cash, Shares, other securities, other Awards or other property or any
combination thereof, as the Committee shall determine.

      (g) General.

         (i) No Cash Consideration for Awards. Awards may be granted for no
     cash consideration or for such minimal cash consideration as may be
     required by applicable law.

         (ii) Awards May Be Granted Separately or Together. Awards may, in the
     discretion of the Committee, be granted either alone or in addition to, in
     tandem with or in substitution for any other Award or any award granted
     under any other plan of the Company or any Affiliate. Awards granted in
     addition to or in tandem with other Awards or in addition to or in tandem
     with awards granted under another plan of the Company or any Affiliate, may
     be granted either at the same time as or at a different time from the grant
     of such other Awards or awards.

         (iii) Forms of Payment Under Awards. Subject to the terms of the Plan
     and of any applicable Award Agreement, payments or transfers to be made by
     the Company or an Affiliate upon the grant, exercise, or payment of an
     Award may be made in such form or forms as the Committee shall determine,
     including, without limitation, cash, Shares, other securities, other
     Awards, or other property, or any combination thereof, and may be made in a
     single payment or transfer, in installments, or on a deferred basis, in
     each case in accordance with rules and procedures established by the
     Committee. Such rules and procedures may include, without limitation,
     provisions for the payment or crediting of reasonable interest on
     installment or deferred payments or the grant or crediting of Dividend
     Equivalents in respect of installment or deferred payments.

         (iv) Limits on Transfer of Awards.

                  (A) Except as the Committee may otherwise determine, no Award
              or right under any Award may be sold, encumbered, pledged,
              alienated, attached, assigned or transferred in any manner and any
              attempt to do any of the foregoing shall be void and unenforceable
              against the Company.

                  (B) Notwithstanding the provisions of Paragraph (A) above:

                      (1) An Option may be transferred:

                           (a) to a beneficiary designated by the Participant in
                      writing on a form approved by the Committee;

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                           (b) by will or the applicable laws of descent and
                      distribution to the personal representative, executor or
                      administrator of the Participant's estate; or

                           (c) to a revocable grantor trust established by the
                      Participant for the sole benefit of the Participant during
                      the Participant's life, and under the terms of which the
                      Participant is and remains the sole trustee until death or
                      physical or mental incapacity. Such assignment shall be
                      effected by a written instrument in form and content
                      satisfactory to the Committee, and the Participant shall
                      deliver to the Committee a true copy of the agreement or
                      other document evidencing such trust. If in the judgment
                      of the Committee the trust to which a Participant may
                      attempt to assign rights under such an Award does not meet
                      the criteria of a trust to which an assignment is
                      permitted by the terms hereof, or if after assignment,
                      because of amendment, by force of law or any other reason
                      such trust no longer meets such criteria, such attempted
                      assignment shall be void and may be disregarded by the
                      Committee and the Company and all rights to any such
                      Options shall revert to and remain solely in the
                      Participant. Notwithstanding a qualified assignment, the
                      Participant, and not the trust to which rights under such
                      an Option may be as signed, for the purpose of determining
                      compensation arising by reason of the Option shall
                      continue to be considered an employee or consultant, as
                      the case may be, of the Company or an Affiliate, but such
                      trust and the Participant shall be bound by all of the
                      terms and conditions of the Award Agreement and this Plan.
                      Shares issued in the name of and delivered to such trust
                      shall be conclusively considered issuance and delivery to
                      the Participant.

                  (2) A Participant may assign or transfer rights under an Award
              of Restricted Stock or Restricted Stock Units:

                           (a) to a beneficiary designated by the Participant in
                   writing on a form approved by the Committee;

                           (b) by will or the applicable laws of descent and
                   distribution to the personal representative, executor or
                   administrator of the Participant's estate; or

                           (c) to a revocable grantor trust established by the
                   Participant for the sole benefit of the Participant during
                   the Participant's life, and under the terms of which the
                   Participant is and remains the sole trustee until death or
                   physical or mental incapacity. Such assignment shall be
                   effected by a written instrument in form and content
                   satisfactory to the Committee, and the Participant shall
                   deliver to the Committee a true copy of the agreement or
                   other document evidencing such trust. If in the judgment of
                   the Committee the trust to which a Participant may attempt to
                   assign rights under such an Award does not meet the criteria
                   of a trust to which an assignment is permitted by the terms
                   hereof, or if after assignment, because of amendment, by
                   force of law or any other reason such trust no longer meets
                   such criteria, such attempted assignment shall be void and
                   may be disregarded by the Committee and the Company and all
                   rights to any such Awards shall revert to and remain solely
                   in the Participant. Notwithstanding a qualified assignment,
                   the Participant, and not the trust to which rights under such
                   an Award may be assigned, for the purpose of determining
                   compensation arising by reason of the Award shall continue to
                   be considered an employee or consultant, as the case may be,
                   of the Company or an Affiliate, but such trust and the
                   Participant shall be bound by all of the terms and conditions
                   of the Award Agreement and this Plan. Shares issued in the
                   name of and delivered to such trust shall be conclusively
                   considered issuance and delivery to the Participant.

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                   (3) The Committee shall not permit directors or officers of
              the Company for purposes of Section 16 to transfer or assign
              Awards except as permitted under Rule 16b-3.

              (C) The Committee, the Company and its officers, agents and
         employees may rely upon any beneficiary designation, assignment or
         other instrument of transfer, copies of trust agreements and any other
         documents delivered to them by or on behalf of the Participant which
         they believe genuine and any action taken by them in reliance thereon
         shall be conclusive and binding upon the Participant, the personal
         representatives of the Participant's estate and all persons asserting a
         claim based on an Award. The delivery by a Participant of a beneficiary
         designation, or an assignment of rights under an Award as permitted
         hereunder, shall constitute the Participant's irrevocable undertaking
         to hold the Committee, the Company and its officers, agents and
         employees harmless against claims, including any cost or expense
         incurred in defending against claims, of any person (including the
         Participant) which may be asserted or alleged to be based on an Award
         subject to a beneficiary designation or an assignment. In addition, the
         Company may decline to deliver Shares to a beneficiary until it
         receives indemnity against claims of third parties satisfactory to the
         Company.

      (v) Share Certificates. All certificates for Shares or other securities
delivered under the Plan pursuant to any Award or the exercise thereof shall be
subject to such stop transfer orders and other restrictions as the Committee may
deem advisable under the Plan or the rules, regulations and other requirements
of the Securities and Exchange Commission, any stock exchange upon which such
Shares or other securities are then listed and any applicable Federal or state
securities laws, and the Committee may cause a legend or legends to be put on
any such certificates to make appropriate reference to such restrictions.

     (vi) Change in Control.

              (A) Notwithstanding any of the provisions of this Plan or
         instruments evidencing Awards granted hereunder, upon a Change in
         Control of the Company (as hereinafter defined) the vesting of all
         rights of Participants under outstanding Awards shall be accelerated
         and all restrictions thereon shall terminate in order that Participants
         may fully realize the benefits thereunder. Such acceleration shall
         include, without limitation, the immediate exercisability in full of
         all Options and the termination of restrictions on Restricted Stock and
         Restricted Stock Units. Further, in addition to the Committee's
         authority set forth in Section 4(c), the Committee, as constituted
         before such Change in Control, is authorized, and has sole discretion,
         as to any Award, either at the time such Award is made hereunder or any
         time thereafter, to take any one or more of the following actions: (i)
         provide for the purchase of any such Award, upon the Participant's
         request, for an amount of cash equal to the amount that could have been
         attained upon the exercise of such Award or realization of the
         Participant's rights had such Award been currently exercisable or
         payable; (ii) make such adjustment to any such Award then outstanding
         as the Committee deems appropriate to reflect such Change in Control;
         and (iii) cause any such Award then outstanding to be assumed, or new
         rights substituted therefor, by the acquiring or surviving corporation
         after such Change in Control.

              (B) With respect to any Award granted hereunder prior to December
         6, 1995, a Change in Control shall occur if:

                  (1) any "person" or "group of persons" as such terms are used
              in Sections 13(d) and 14(d) of the Exchange Act, other than
              pursuant to a transaction or agreement previously approved by the
              Board of Directors of the Company, directly or indirectly
              purchases or otherwise becomes the "beneficial owner" (as defined
              in Rule 13d-3 under the Exchange Act) or has the right to acquire
              such beneficial ownership (whether or not such right is
              exercisable immediately, with the passage of time, or subject to
              any condition) of voting

<PAGE>

              securities representing 25 percent or more of the combined voting
              power of all outstanding voting securities of the Company; or

                  (2) during any period of twenty-four consecutive calendar
              months, the individuals who at the beginning of such period
              constitute the Company's Board of Directors, and any new directors
              whose election by such Board or nomination for election by
              stockholders was approved by a vote of at least two-thirds of the
              members of such Board who were either directors on such Board at
              the beginning of the period or whose election or nomination for
              election as directors was previously so approved, for any reason
              cease to constitute at least a majority of the members thereof.

              (C) Notwithstanding the provisions of subparagraph (B), with
         respect to Awards granted hereunder on or after December 6, 1995, a
         Change in Control shall occur only if the event described in this
         subparagraph (C) shall have occurred. With respect to any other Award
         granted prior thereto, a Change in Control shall occur if any of the
         events described in subparagraphs (B) or (C) shall have occurred,
         unless the holder of any such Award shall have consented to the
         application of this subparagraph (C) in lieu of the foregoing
         subparagraph (B). A Change in Control for purposes of this subparagraph
         (C) shall occur if, during any period of twenty-four consecutive
         calendar months, the individuals who at the beginning of such period
         constitute the Company's Board of Directors, and any new directors
         (other than Excluded Directors, as hereinafter defined), whose election
         by such Board or nomination for election by stockholders was approved
         by a vote of at least two-thirds of the members of such Board who were
         either directors on such Board at the beginning of the period or whose
         election or nomination for election as directors was previously so
         approved, for any reason cease to constitute at least a majority of the
         members thereof. For purposes hereof, "Excluded Directors" are
         directors whose election by the Board or approval by the Board for
         stockholder election occurred within one year of any "person" or "group
         of persons", as such terms are used in Sections 13(d) and 14(d) of the
         Exchange Act, commencing a tender offer for, or becoming the beneficial
         owner of, voting securities representing 25 percent or more of the
         combined voting power of all outstanding voting securities of the
         Company, other than pursuant to a tender offer approved by the Board
         prior to its commencement or pursuant to stock acquisitions approved by
         the Board prior to their representing 25 percent or more of such
         combined voting power.

              (D) (1) In the event that subsequent to a Change in Control it is
         determined that any payment or distribution by the Company to or for
         the benefit of a Participant, whether paid or payable or distributed or
         distributable pursuant to the terms of this Plan or otherwise, other
         than any payment pursuant to this subparagraph (D) (a "Payment"), would
         be subject to the excise tax imposed by Section 4999 of the Code or any
         interest or penalties with respect to such excise tax (such excise tax,
         together with any such interest and penalties, are hereinafter
         collectively referred to as the "Excise Tax"), then such Participant
         shall be entitled to receive from the Company, within 15 days following
         the determination described in (2) below, an additional payment
         ("Excise Tax Adjustment Payment") in an amount such that after payment
         by such Participant of all applicable Federal, state and local taxes
         (computed at the maximum marginal rates and including any interest or
         penalties imposed with respect to such taxes), including any Excise
         Tax, imposed upon the Excise Tax Adjustment Payment, such Participant
         retains an amount of the Excise Tax Adjustment Payment equal to the
         Excise Tax imposed upon the Payments.

                  (2) All determinations required to be made under this Section
         6(g)(vi)(D), including whether an Excise Tax Adjustment Payment is
         required and the amount of such Excise Tax Adjustment Payment, shall be
         made by PricewaterhouseCoopers LLP, or such other national accounting
         firm as the Company, or, subsequent to a Change in Control, the Company
         and the Participant jointly, may designate, for purposes of the Excise
         Tax, which shall provide detailed

<PAGE>

         supporting calculations to the Company and the affected Participant
         within 15 business days of the date of the applicable Payment. Except
         as hereinafter provided, any determination by PricewaterhouseCoopers
         LLP, or such other national accounting firm, shall be binding upon the
         Company and the Participant. As a result of the uncertainty in the
         application of Section 4999 of the Code that may exist at the time of
         the initial determination hereunder, it is possible that (x) certain
         Excise Tax Adjustment Payments will not have been made by the Company
         which should have been made (an "Underpayment"), or (y) certain Excise
         Tax Adjustment Payments will have been made which should not have been
         made (an "Overpayment"), consistent with the calculations required to
         be made hereunder. In the event of an Underpayment, such Underpayment
         shall be promptly paid by the Company to or for the benefit of the
         affected Participant. In the event that the Participant discovers that
         an Overpayment shall have occurred, the amount thereof shall be
         promptly repaid to the Company.

                  (3) This Section 6(g)(vi)(D) shall not apply to any Award (x)
         that was granted prior to February 17, 1993 and (y) the holder of which
         is an executive officer of the Company, as determined under the
         Exchange Act.

     (vii) Cash Settlement. Notwithstanding any provision of this Plan or of any
Award Agreement to the contrary, any Award outstanding hereunder may at any time
be cancelled in the Committee's sole discretion upon payment of the value of
such Award to the holder thereof in cash or in another Award hereunder, such
value to be determined by the Committee in its sole discretion.

     (viii) Replacement Options. No outstanding option may be cancelled and
replaced with an option having a lower exercise price.

SECTION 7.  AMENDMENT AND TERMINATION

     Except to the extent prohibited by applicable law and unless otherwise
expressly provided in an Award Agreement or in the Plan:

     (a) Amendments to the Plan. The Board of Directors of the Company may amend
the Plan and the Board of Directors or the Committee may amend any outstanding
Award; provided, however, that (i) no Plan amendment shall be effective until
approved by stockholders of the Company insofar as stockholder approval thereof
is required in order for the Plan to continue to satisfy the conditions of Rule
16b-3, and (ii) without the consent of affected Participants no amendment of the
Plan or of any Award may impair the rights of Participants under outstanding
Awards, and (iii) no Option may be amended to reduce its initial exercise price
other than in connection with an event described in Section 4(c) hereof.

     (b) Waivers. The Committee may waive any conditions or rights under any
Award theretofore granted, prospectively or retroactively, without the consent
of any Participant.

     (c) Adjustments of Awards Upon the Occurrence of Certain Unusual or
Nonrecurring Events. The Committee shall be authorized to make adjustments in
the terms and conditions of, and the criteria included in, Awards in recognition
of unusual or nonrecurring events (including, without limitation, the events
described in Section 4(c) hereof) affecting the Company, any Affiliate, or the
financial statements of the Company or any Affiliate, or of changes in
applicable laws, regulations, or accounting principles, whenever the Committee
determines that such adjustments are appropriate in order to prevent dilution or
enlargement of the benefits or potential benefits to be made available under the
Plan.

     (d) Correction of Defects, Omissions, and Inconsistencies. The Committee
may correct any defect, supply any omission or reconcile any inconsistency in
the Plan or any Award in the manner and to the extent it shall deem desirable to
effectuate the Plan.

<PAGE>

SECTION 8.  GENERAL PROVISIONS

     (a) No Rights to Awards. No Participant or other person shall have any
claim to be granted any Award under the Plan, and there is no obligation for
uniformity of treatment of Participants or holders or beneficiaries of Awards
under the Plan. The terms and conditions of Awards of the same type and the
determination of the Committee to grant a waiver or modification of any Award
and the terms and conditions thereof need not be the same with respect to each
Participant.

     (b) Withholding. The Company or any Affiliate shall be authorized to
withhold from any Award granted or any payment due or transfer made under any
Award or under the Plan the amount (in cash, Shares, other securities, other
Awards or other property) of withholding taxes due in respect of an Award, its
exercise or any payment or transfer under such Award or under the Plan and to
take such other action as may be necessary in the opinion of the Company or
Affiliate to satisfy all obligations for the payment of such taxes.

     (c) No Limit on Other Compensation Arrangements. Nothing contained in the
Plan shall prevent the Company or any Affiliate from adopting or continuing in
effect other or additional compensation arrangements, including the grant of
options and other stock-based awards, and such arrangements may be either
generally applicable or applicable only in specific cases.

     (d) No Right to Employment. The grant of an Award shall not be construed as
giving a Participant the right to be retained in the employ of the Company or
any Affiliate. Further, the Company or an Affiliate may at any time dismiss a
Participant from employment, free from any liability, or any claim under the
Plan, unless otherwise expressly provided in the Plan or in any Award Agreement
or other written agreement with the Participant.

     (e) Governing Law. The validity, construction and effect of the Plan and
any rules and regulations relating to the Plan shall be determined in accordance
with the laws of the State of Michigan and applicable Federal law.

     (f) Severability. If any provision of the Plan or any Award is or becomes
or is deemed to be invalid, illegal or unenforceable in any jurisdiction or as
to any person or Award, or would disqualify the Plan or any Award under any law
deemed applicable by the Committee, such provision shall be construed or deemed
amended to conform to applicable laws, or if it cannot be so construed or deemed
amended without, in the determination of the Committee, materially altering the
intent of the Plan or the Award, such provision shall be stricken as to such
jurisdiction, person or Award, and the remainder of the Plan and any such Award
shall remain in full force and effect.

     (g) No Trust or Fund Created. Neither the Plan nor any Award shall create
or be construed to create a trust or separate fund of any kind or a fiduciary
relationship between the Company or any Affiliate and a Participant or any other
person. To the extent that any person acquires a right to receive payments from
the Company or any Affiliate pursuant to an Award, such right shall be no
greater than the right of any unsecured general creditor of the Company or any
Affiliate.

     (h) No Fractional Shares. No fractional Shares shall be issued or delivered
pursuant to the Plan or any Award, and the Committee shall determine whether
cash, other securities, or other property shall be paid or transferred in lieu
of any fractional Shares, or whether such fractional Shares or any rights
thereto shall be cancelled, terminated or otherwise eliminated.

     (i) Headings. Headings are given to the Sections and subsections of the
Plan solely as a convenience to facilitate reference. Such headings shall not be
deemed in any way material or relevant to the construction or interpretation of
the Plan or any provision thereof.

<PAGE>

SECTION 9.  TERM

     The Plan shall be effective as of the date of its approval by the Company's
stockholders and no Awards shall be made under the Plan after May 17, 2010.<PAGE>

                                                                    EXHIBIT 10.C

                                 October 2, 2000

Dear     :

         Our company's Board of Directors has adopted a plan whereby
supplemental retirement and other benefits, in addition to those provided under
the Company's pension and other benefit plans, will be made available to those
Company and subsidiary executives as may be designated from time to time by the
company's Chief Executive Officer. The plan providing such benefits, as
originally made available to designated executives in 1987 and as subsequently
amended from time to time heretofore or in the future, is referred to in this
letter as the "Plan". You are currently a participant in the Plan upon the terms
of a letter agreement signed by you and dated _______, ____. This Agreement
amends and replaces in its entirety your previously signed letter agreement and
describes in full your benefits pursuant to the Plan and all of the Company's
obligations to you, and yours to the Company. These benefits as described below
are contractual obligations of the Company.

         For the purposes of this Agreement, words and terms are defined as
follows:

                  a. "Average Compensation" shall mean the aggregate of your
         highest three years' total annual cash compensation paid to you by the
         Company, consisting of (i) base salaries and (ii) regular year-end cash
         bonuses paid with respect to the years in which such salaries are paid,
         divided by three, provided, however, (x) if you have on the date of
         determination less than three full years of employment the foregoing
         calculation shall be based on the average base salaries and regular
         year-end cash bonuses paid to you while so employed, and (y) if the
         determination of Average Compensation includes any year in which you
         volunteered to reduce your salary or, as part of a program generally
         applicable to participants in the Plan, you did not receive an increase
         in salary compared with the immediately preceding year, the Committee
         referred to in paragraph 11 shall make a good faith determination of
         what your Average Compensation would have been absent such salary
         reduction and absent such generally applicable program.

                  b. A "Change in Control" shall be deemed to have occurred if,
         during any period of twenty-four consecutive calendar months, the
         individuals who at the beginning of such period constitute the
         Company's Board of Directors, and any new directors (other than
         Excluded Directors) whose election by such Board or nomination for
         election by stockholders was approved by a vote of at least two-thirds
         of the members of such Board who were either directors on such Board at
         the beginning of the period or whose election or nomination for
         election as directors was previously so approved, for any reason cease
         to constitute at least a majority of the members thereof. Excluded
         Directors are directors whose election by the Board or approval by the
         Board for stockholder election occurred within one year after any
         "person" or "group of persons" as such terms are used in Sections 13(d)
         and 14(d) of the Securities Exchange Act of 1934 commencing a tender
         offer for, or becoming the beneficial owner of, voting securities
         representing 25 percent

<PAGE>

         or more of the combined voting power of all outstanding voting
         securities of the Company, other than pursuant to a tender offer
         approved by the Board prior to its commencement or pursuant to stock
         acquisitions approved by the Board prior to their representing 25
         percent or more of such combined voting power.

                  c. "Code" means the Internal Revenue Code of 1986, as amended.

                  d. "Company" shall mean Masco Corporation or any corporation
         in which Masco Corporation owns directly or indirectly stock possessing
         in excess of 50% of the total combined voting power of all classes of
         stock.

                  e. The "Deferred Compensation Trust" shall mean any trust
         created by the Company to receive the deposit referred to in clause (2)
         of paragraph 10.

                  f. "Disability" and "Disabled" shall mean your being unable to
         perform your duties as a Company executive by reason of your physical
         or mental condition, prior to your attaining age 65, provided that you
         have been employed by the Company for two consecutive Years or more at
         the time you first became Disabled.

                  g. The "Gross-Up Amount" (i) shall be determined if any
         payment or distribution by the Company to or for your benefit, whether
         paid, distributed, payable or distributed or distributable pursuant to
         the terms of this Agreement, any stock option or stock award plan,
         retirement plan or otherwise (such payment or distribution, other than
         an Excise Tax Adjustment Payment under clause (ii), is referred to
         herein as a "Payment"), would be subject to the excise tax imposed by
         Section 4999 of the Code (or any successor provision) or any interest
         or penalties with respect to such excise tax (such excise tax together
         with any such interest or penalties are referred to herein as the
         "Excise Tax"), and (ii) shall mean an additional payment (the "Excise
         Tax Adjustment Payment") in an amount such that after subtracting from
         the Excise Tax Adjustment Payment your payment of all applicable
         Federal, state and local taxes (computed at the maximum marginal rates
         and including any interest or penalties imposed with respect to such
         taxes), including any Excise Tax imposed upon the Excise Tax Adjustment
         Payment, the balance will be equal to the Excise Tax imposed upon the
         Payments. All determinations required to be made with respect to the
         "Gross-Up Amount", including whether an Excise Tax Adjustment Payment
         is required and the amount of such Excise Tax Adjustment Payment, shall
         be made by PricewaterhouseCoopers LLP, or such national accounting firm
         as the Company may designate prior to a Change in Control, which shall
         provide detailed supporting calculations to the Company and you. Except
         as provided in clause (iv) of paragraph 10, all such determinations
         shall be binding upon you and the Company.

                  h. "PBGC" shall mean the Pension Benefit Guaranty Corporation.

                  i. "Present Value" of future benefits means the discounted
         present value of those benefits (including therein the benefits, if
         any, your Surviving Spouse would be entitled to receive under this
         Agreement upon your death), using the UP-1984 Mortality Table and
         discounted by the interest rate used, for purposes of determining the
         present value of

<PAGE>

         a lump sum distribution on plan termination, by the PBGC on the first
         day of the month which is four months prior to the month in which a
         Change in Control occurs (or if the PBGC has ceased publishing such
         interest rate, such other interest rate as the Board of Directors deems
         is an appropriate substitute). The above PBGC interest rate is intended
         to be determined based on PBGC methodology and regulations in effect on
         September 1, 1993 (as contained in 29 CFR Part 2619).

                  j. "Profit Sharing Conversion Factor" shall be a factor equal
         to the present value of a life annuity payable at the later of age 65
         or attained age based on the 1983 Group Annuity Mortality Table using a
         blend of 50% of the male mortality rates and 50% of the female
         mortality rates as set forth in Revenue Ruling 95-6 (or such other
         mortality table that the Internal Revenue Service may prescribe in the
         future) and an interest rate equal to the average yield for 30-year
         Treasury Constant Maturities, as reported in Federal Reserve
         Statistical Releases G.13 and H.15, four months prior to the month of
         the date of determination (or, if such interest rate ceases to be so
         reported, such other interest rate as the Board of Directors deems is
         an appropriate substitute).

                  k. "Retirement" shall mean your termination of employment with
         the Company, on or after you attain age 65. Your acting as a consultant
         shall not be considered employment.

                  l. "SERP Percentage" of your Average Compensation is 60%.

                  m. "Surviving Spouse" shall be the person to whom you shall be
         legally married (under the law of the jurisdiction of your permanent
         residence) at the date of (i) your Retirement or death after attaining
         age 65 (if death terminated employment with the Company) for the
         purposes of paragraphs 1, 2 and 3, (ii) your death for the purposes of
         paragraph 5 and, if paragraph 5 is applicable, for the purposes of
         paragraph 3,(iii) the commencement of your Disability for the purposes
         of paragraphs 6 and 7 and, as long as paragraphs 6 or 7 are applicable,
         for the purposes of paragraph 3, (iv) your termination of employment
         for the purposes of paragraph 4 and, if paragraph 4 is applicable, for
         purposes of paragraph 3 and (v) a "Change in Control" for the purposes
         of paragraph 10 if none of clauses (i) through (iv) has become
         applicable prior to the Change in Control and, if this clause (v) is
         applicable, for purposes of paragraph 3. For the purposes of paragraphs
         11a, 11e, 11f, 11g, 11h, 11i and 11j, "Surviving Spouse" shall be any
         spouse entitled to any benefits hereunder.

                  n. If you become Disabled, "Total Compensation" shall mean
         your annual base salary rate at the time of your Disability plus the
         regular year-end cash bonus paid to you for the year immediately prior
         thereto, provided, however, if the determination of Total Compensation
         is for a year in which you volunteered to reduce your salary or, as
         part of a program generally applicable to participants in the Plan, you
         did not receive an increase in salary compared with the immediately
         preceding year, the Committee referred to in paragraph 11 shall make a
         good faith determination of what your Total Compensation would have
         been absent such salary reduction and absent such generally applicable
         program.

<PAGE>

                  o. "Vested Percentage" shall mean the sum of the following
         percentages: (i) 2% multiplied by your Years of Service, plus (ii) 8%
         multiplied by the number of Years you have been designated a
         participant in the Plan; provided, however, (w) prior to completing
         five Years of Service the Vested Percentage is 0,(x) on or prior to
         your fiftieth birthday your Vested Percentage may not exceed 50%, (y)
         on or prior to each of your birthdays following your fiftieth birthday
         your Vested Percentage may not exceed the sum of 50% plus the product
         obtained by multiplying 5% by the number of birthdays that have
         occurred following your fiftieth birthday, and (z) your Vested
         Percentage in no event may exceed 100%.

                  p. "Year" shall mean twelve full consecutive months, and
         "year" shall mean a calendar year.

                  q. "Years of Service" shall mean the number of Years during
         which you were employed by the Company (excluding, however, Years of
         Service with a corporation prior to the time it became a subsidiary of
         or otherwise affiliated with Masco Corporation).

         1.       In accordance with the Plan, upon your Retirement the Company
will pay you annually during your lifetime, subject to paragraph 8 below, the
SERP Percentage of your Average Compensation, less: (i) a sum equal to the
annual benefit which would be payable to you upon your Retirement if benefits
payable to you under the Company funded qualified pension plans and the defined
benefit (pension) plan provisions of the Company's Retirement Benefits
Restoration Plan and any similar plan were converted to a life annuity, or if
you are married when you retire, to a 50% joint and spouse survivor life
annuity, and (ii) a sum equal to the annual benefit which would be payable to
you upon Retirement if your vested accounts in the Company's qualified defined
contribution plans (excluding your contributions and earnings thereon in the
Company's 401(k) Savings Plan) and the defined contribution (profit sharing)
provisions of the Company's Retirement Benefits Restoration Plan and any similar
plan were converted to a life annuity in accordance with the Profit Sharing
Conversion Factor, provided, however, in all cases the amount offset pursuant to
these subsections (i) and (ii) shall be determined prior to the effect of any
payments from the plans and trusts referred to therein which are authorized
pursuant to any Qualified Domestic Relations Order under ERISA, or other
comparable order allocating marital or other rights under state law as applied
to retirement benefits from non-qualified plans.

         2.       Upon your death after Retirement or while employed by the
Company after attaining age 65, your Surviving Spouse shall receive for life 75%
of the annual benefit pursuant to paragraph 1 of this Agreement which was
payable to you prior to your death (or, if death terminated employment after
attaining age 65, which would have been payable to you had your Retirement
occurred immediately prior to your death).

         3.       The Company will provide, purchase or at its option provide
reimbursement for premiums paid for such supplemental medical insurance as the
Company in its sole discretion may deem advisable from time to time (i) for you
and your Surviving Spouse for the lifetime of

<PAGE>

each of you (A) following a termination of your employment with the Company due
to Retirement or Disability, and (B) following any other termination of
employment with the Company provided (x) you and your Surviving Spouse are not
covered by another medical insurance program substantially all of the cost of
which is paid by another employer, (y) on the date of such termination your
Vested Percentage is not less than 80% and (z) the benefits under this paragraph
3 shall not commence until you have attained age 60 or your earlier death to the
extent you die leaving a Surviving Spouse, and (ii) for your Surviving Spouse
for his or her lifetime upon a termination of your employment with the Company
due to your death.

         4.       If your employment with the Company is for any reason
terminated prior to Retirement, other than as a result of circumstances
described in paragraphs 2, 5 or 6 of this Agreement or following a Change in
Control, and if prior to the date of termination you have completed 5 or more
Years of Service, upon your attaining age 65 the Company will pay to you
annually during your lifetime, subject to paragraph 8 below, the Vested
Percentage of the result obtained by (1) multiplying your SERP Percentage at the
date your employment terminated by your Average Compensation, less (2) the sum
of the following: (i) a sum equal to the annual benefit which would be payable
to you upon your attaining age 65 if benefits payable to you under the Company
funded qualified pension plans and the defined benefit (pension) plan provisions
of the Company's Retirement Benefits Restoration Plan and any similar plan were
converted to a life annuity, or if you are married when you attain age 65, to a
50% joint and spouse survivor life annuity, (ii) a sum equal to the annual
benefit which would be payable to you upon your attaining age 65 if an amount
equal to your vested accounts at the date of your termination of employment with
the Company in the Company's qualified defined contribution plans (excluding
your contributions and earnings thereon in the Company's 401(k) Savings Plan)
and the defined contribution (profit sharing) provisions of the Company's
Retirement Benefits Restoration Plan and any similar plan (in each case
increased from the date of termination to age 65 at the imputed rate of 4% per
annum) were converted to a life annuity in accordance with the Profit Sharing
Conversion Factor, and (iii) to the extent the annual payments described in this
clause (iii) and the annual payments you would otherwise be entitled to receive
under this paragraph 4 would, in the aggregate exceed (the "excess amount") the
annual payments you would have received under paragraph 1 had you remained
employed by the Company until Retirement (assuming for purposes of this clause
no compensation increases), any retirement benefits paid or payable to you by
reason of employment by all other previous or future employers, but only to the
extent of such excess amount (the amount of such deduction, in the case of
benefits paid or payable other than on an annual basis, to be determined on an
annualized basis by the Committee referred to in paragraph 11 and excluding from
such deduction any portion thereof, and earnings thereon, determined by such
Committee to have been contributed by you rather than your prior or future
employers), provided, however, in all cases the amount offset pursuant to these
subsections (i) and (ii) shall be determined prior to the effect of any payments
from the plans and trusts referred to therein which are authorized pursuant to
any Qualified Domestic Relations Order under ERISA, or other comparable order
allocating marital or other rights under state law as applied to retirement
benefits from non-qualified plans. Upon your death on or after age 65 should you
be survived by your Surviving Spouse, your Surviving Spouse shall receive for
life, commencing upon the date of your death, 75% of the annual benefit payable
to you under the preceding sentence following your attainment of age 65;
provided, further, if your death should occur prior to age 65, your Surviving
Spouse shall receive for life,

<PAGE>

commencing upon the date of your death, 75% of the annual benefit which would
have been payable to you under the preceding sentence following your attainment
of age 65, reduced by a factor of actuarial equivalence as determined by the
Committee, such that the Present Value of the aggregate payments to be received
by your Surviving Spouse based on his or her life expectancy as of the date of
your death is equal to the discounted Present Value, determined at the date of
your death, of the aggregate payments estimated to be received by your Surviving
Spouse based on his or her life expectancy at an age, and as if your Surviving
Spouse had begun receiving payments, when you would have attained age 65.

         5.       If while employed by the Company you die prior to your
attaining age 65 leaving a Surviving Spouse, and provided you shall have been
employed by the Company for two consecutive Years or more, your Surviving Spouse
shall receive annually for life, subject to paragraph 8 below, 75% of the SERP
Percentage of your Average Compensation (assuming no compensation increases
between the date of your death and the date you would have attained age 65),
less: (i) a sum equal to the annual benefit which would be payable to your
Surviving Spouse under the Company funded qualified pension plans and the
defined benefit (pension) plan provisions of the Company's Retirement Benefits
Restoration Plan and any similar plan if such benefit were converted to a life
annuity (such deduction, however, only to commence on the date such benefit is
first payable), and (ii) a sum equal to the annual payments which would be
received by your Surviving Spouse as if your spouse were designated as the
beneficiary of your vested accounts in the Company's qualified defined benefit
contribution plans (excluding your contributions and earnings thereon in the
Company's 401(k) Savings Plan) and the defined contribution (profit sharing)
provisions of the Company's Retirement Benefits Restoration Plan and any similar
plan and such accounts were converted to a life annuity at the time of your
death in accordance with the Profit Sharing Conversion Factor, provided,
however, in all cases the amount offset pursuant to these subsections (i) and
(ii) shall be determined prior to the effect of any payments from the plans and
trusts referred to therein which are authorized pursuant to any Qualified
Domestic Relations Order under ERISA, or other comparable order allocating
marital or other rights under state law as applied to retirement benefits from
non-qualified plans. No death benefits are payable except to your Surviving
Spouse.

         6.       If you shall have been employed by the Company for two Years
or more and while employed by the Company you become Disabled prior to your
attaining age 65, until the earlier of your death, termination of Disability or
attaining age 65 the Company will pay you an annual benefit, subject to
paragraph 8 below, equal to 60% of your Total Compensation less any benefits
payable to you pursuant to long-term disability insurance under programs
provided by the Company. If your Disability continues until you attain age 65,
you shall be considered retired and you shall receive retirement benefits
pursuant to paragraph 1 above, based upon your Average Compensation as of the
date it is determined you became Disabled.

         7.       If you die leaving a Surviving Spouse while receiving
Disability benefits pursuant to paragraph 6 of this Agreement, you will be
deemed to have retired on your death and your Surviving Spouse shall receive for
life 75% of the annual benefit which would have been payable to you if you had
retired on the date of your death and your benefit determined pursuant to
paragraph 1, based upon your Average Compensation as of the date you became
Disabled.

<PAGE>

         8.       If the age of your Surviving Spouse is more than 20 years
younger than your age, then the annual benefit payable under paragraphs 1, 4, 5
and 6 of this Agreement and the benefit payable as "the SERP Percentage of your
Average Compensation", as that phrase is used in paragraph 5 of this Agreement,
shall be reduced by the percentage obtained by multiplying 1.5% times the number
of Years or portion thereof by which your Surviving Spouse is more than 20 years
younger than you.

         9.       If you or your Surviving Spouse is eligible to receive
benefits hereunder, unless otherwise specifically agreed by the Company in
writing, you and your Surviving Spouse will not be able to receive benefits
under any other Company sponsored non-qualified retirement plans other than the
Company's Retirement Benefits Restoration Plan. For this purpose benefits
received under the Company's non-qualified stock option or stock award plans
will not be considered to have been received under a Company sponsored
non-qualified retirement plan even though such benefits are received after
retirement. Except as provided in the last sentence of paragraph 4 and in
paragraph 10 of this Agreement, no benefits will be paid to your Surviving
Spouse pursuant to this Agreement unless upon your death you were employed by
the Company, Disabled or had taken Retirement from the Company.

         10.      Change in Control. (i) Immediately upon the occurrence of any
Change in Control:

                  (1) If you are then employed by the Company, your Vested
         Percentage, if not already 100%, shall be deemed for all purposes of
         this Agreement to be 100%.

                  (2) If the Deferred Compensation Trust has theretofore been
         established or is established within thirty days after the Change in
         Control, the Company shall forthwith deposit to an account in your name
         (or that of your Surviving Spouse if you are then deceased and your
         Surviving Spouse is entitled to benefits hereunder) in the Deferred
         Compensation Trust 110% of the sum of the Gross-Up Amount plus:

                           (A)      If you are then employed by the Company, an
                  amount equal to the discounted Present Value of the benefits
                  which would have been payable under paragraphs 1 and 2 of this
                  Agreement upon Retirement at age 65 or attained age if
                  greater, assuming for purposes of this clause, no compensation
                  increases and that if younger than age 65 you and your
                  Surviving Spouse had attained such age;

                           (B)      If employment has previously been terminated
                  but you or your Surviving Spouse is then entitled in the
                  future to receive benefits under paragraph 4 of this
                  Agreement, an amount equal to the discounted Present Value of
                  the benefits which would have been payable under such
                  paragraph;

                           (C)      If you or your Surviving Spouse is then
                  receiving payments under paragraphs 1, 2, 4, 5 or 7 of this
                  Agreement, an amount equal to the Present Value of those
                  benefits payable in the future to you and your Surviving
                  Spouse; and

<PAGE>

                           (D)      If you are then receiving payments under
                  paragraph 6 of this Agreement, an amount equal to the Present
                  Value of the benefits which would have been payable under
                  paragraphs 6 and 7 on the assumption you would have continued
                  to receive benefits under paragraph 6 until you had attained
                  age 65 and thereafter continued to receive benefits as though
                  you were deemed to have retired.

         (3)      The Company shall thereafter be obligated to provide such
         supplemental medical insurance as has theretofore in the discretion of
         the Company been generally provided to participants and their Surviving
         Spouses under the Plan (A) to you and your Surviving Spouse if you or
         your Surviving Spouse is then receiving benefits under paragraph 3, (B)
         to you and your Surviving Spouse if you become Disabled if you are
         employed by the Company at the time of the Change in Control, (C) to
         your Surviving Spouse upon your death if you are employed by the
         Company at the time of the Change in Control and (D) to you and your
         Surviving Spouse upon any termination of employment following any
         Change in Control but only during the periods when you and your
         Surviving Spouse are not covered by another medical insurance program
         substantially all of the cost of which is paid by another employer. The
         obligations of the Company under this clause (i)(3) shall remain in
         effect for the lifetime of both you and your Surviving Spouse.

         (4)      If the Deferred Compensation Trust is not established prior to
         or within thirty days after the Change in Control, all payments which
         would have otherwise have been made to you or your Surviving Spouse
         from the Deferred Compensation Trust shall immediately after such
         thirty day period be made to you or your Surviving Spouse by the
         Company.

         (ii)     Any deposit by the Company to an account in your name or that
of your Surviving Spouse in the Deferred Compensation Trust prior to the
occurrence of the Change in Control, together with all income then accrued
thereon (but only to the extent of the value of such deposited amount and the
income accrued thereon on the day of any deposit under clause (i)(2) of this
paragraph 10), shall reduce by an equal amount the obligations of the Company to
make the deposit required under clause (i)(2) of this paragraph 10.

         (iii)    At or prior to making the deposit required by clause (i)(2) of
this paragraph 10, the Company shall deliver to the Trustee under the Deferred
Compensation Trust a certificate specifying that portion, if any, of the amount
in the trust account, after giving effect to the deposit, which is represented
by the Gross-Up Amount. Payment of 90.91% of the amount required by clause
(i)(2) of this paragraph 10 to be paid to the trust account, together with any
income accrued thereon from the date of the Change in Control, is to be made to
you or your Surviving Spouse, as applicable, under the terms of the Deferred
Compensation Trust, at the earlier of (1) immediately upon a Change in Control
if you then are deceased or have attained age 65 or are Disabled, (2) your death
subsequent to the Change in Control, or (3) the date which is one year after the
Change in Control; provided, however, that the Trustee under the Deferred
Compensation Trust is required promptly to pay to you or your Surviving Spouse,
as applicable, from the trust account from time to time amounts, not exceeding
in the aggregate the Gross-Up

<PAGE>

Amount, upon your or your Surviving Spouse's certification to the Trustee that
the amount to be paid has been or within 60 days will be paid by you or your
Surviving Spouse to a Federal, state or local taxing authority as a result of
the Change in Control and the imposition of the excise tax under Section 4999 of
the Code (or any successor provision) on the receipt of any portion of the
Gross-Up Amount. All amounts in excess of the amount required to be paid from
the trust account by the preceding sentence, after all expenses of the Deferred
Compensation Trust have been paid, shall revert to the Company provided that the
Company has theretofore expressly affirmed its continuing obligations under
clause (i)(3) of this Paragraph 10.

         (iv)     Subject to the next sentence of this clause (iv), the payment
of the Gross-Up Amount to you or your Surviving Spouse or the account in your or
your Surviving Spouse's name in the Deferred Compensation Trust will thereby
discharge the Company from any obligations it may have under any present or
future stock option or stock award plan, retirement plan or otherwise, to make
any other payment as a result of your income becoming subject to the excise tax
imposed by Section 4999 of the Code (or any successor provision) or any interest
or penalties with respect to such excise tax. As a result of the uncertainty
which will be present in the application of Section 4999 of the Code (or any
successor provision) at the time of the determination of the Gross-Up Amount and
the possibility that between the date of determination of the Gross-Up Amount
and the dates payments are to be made to you or your Surviving Spouse under this
Agreement, changes in applicable tax laws will result in an incorrect
determination of the Gross-Up Amount having been made, it is possible that (1)
payment of a portion of the Gross-Up Amount will not have been made by the
Company which should have been made (an "Underpayment"), or (2) payment of a
portion of the Gross-Up Amount will have been made which should not have been
made (an "Overpayment"), consistent with the calculations required to be made
hereunder. In the event of an Underpayment, such Underpayment shall be promptly
paid by the Company to or for your benefit. In the event that you or your
Surviving Spouse discover that an Overpayment shall have occurred, the amount
thereof shall be promptly repaid by you or your Surviving Spouse to the Company.

         (v)      Prior to the occurrence of a Change in Control, any deposits
made by the Company to an account in the Deferred Compensation Trust may be
withdrawn by the Company. Upon the occurrence of a Change in Control, all
further obligations of the Company under this Agreement (other than under this
Paragraph 10 to the extent not theretofore performed) shall terminate in all
respects.

         11.      We also agree upon the following:

                  a.       Prior to the occurrence of a Change in Control, the
         Compensation Committee of the Company's Board of Directors, or any
         other committee however titled which shall be vested with authority
         with respect to the compensation of the Company's officers and
         executives (in either case, the "Committee"), shall have the exclusive
         authority to make all determinations which may be necessary in
         connection with this Agreement including the dates of and whether you
         are or continue to be Disabled, the amount of annual benefits payable
         hereunder by reason of offsets hereunder due to employment by other
         employers, the interpretation of this Agreement, and all other matters
         or disputes arising

<PAGE>

         under this Agreement. The determinations and findings of the Committee
         shall be conclusive and binding, without appeal, upon both of us.

                  b.       You will not during your employment or Disability,
         and after Retirement or the termination of your employment, for any
         reason disclose or make use of for your own or another person's benefit
         under any circumstances any of the Company's Proprietary Information.
         Proprietary Information shall include trade secrets, secret processes,
         information concerning products, developments, manufacturing
         techniques, new product or marketing plans, inventions, research and
         development information or results, sales, pricing and financial data,
         information relating to the management, operations or planning of the
         Company and any other information treated as confidential or
         proprietary.

                  c.       You agree that you will not following your
         termination of employment for any reason (whether on Retirement,
         Disability or termination prior to attaining age 65) thereafter
         directly or indirectly engage in any business activities, whether as a
         consultant, advisor or otherwise, in which the Company is engaged in
         any geographic area in which the products or services of the Company
         have been sold, distributed or provided during the five year period
         prior to the date of your termination of employment. In light of
         ongoing payments to be received by you and your Surviving Spouse for
         your respective lives, the restrictions contained in the preceding
         sentence shall be unlimited in duration provided no Change in Control
         has occurred and, in the event of a Change in Control, all such
         restrictions shall terminate one year thereafter.

                  In addition to the foregoing and provided no Change in Control
         has occurred, if while you or your Surviving Spouse is receiving
         retirement or other benefits pursuant to this Agreement, in the
         judgment of the Committee you or your Surviving Spouse directly or
         indirectly engage in activity or act in a manner which can be
         considered adverse to the interest of the Company or any of its direct
         or indirect subsidiaries or affiliated companies, the Committee may
         terminate rights to any further benefits hereunder.

                  d.       Except as may be provided to the contrary in a duly
         authorized written agreement between you and the Company you
         acknowledge that the Company has made no commitments to you of any kind
         with respect to the continuation of your employment, which we expressly
         agree is an employment at will, and you or the Company shall have the
         unrestricted right to terminate your employment with or without cause,
         at any time in your or its discretion.

                  e.       At the Company's request, expressed through a Company
         officer, you agree to provide such information with respect to matters
         which may arise in connection with this Agreement as may be deemed
         necessary by the Company or the Committee, including for example only
         and not in limitation, information concerning benefits payable to you
         from third parties, and you further agree to submit to such medical
         examinations by duly licensed physicians as may be requested by the
         Company from time to time. You also agree to direct third parties to
         provide such information, and your Surviving Spouse's cooperation in
         providing such information is a condition to the receipt of survivor's
         benefits under this Agreement.

<PAGE>

                  f.       To the extent permitted by law, no interest in this
         Agreement or benefits payable to you or to your Surviving Spouse shall
         be subject to anticipation, or to pledge, assignment, sale or transfer
         in any manner nor shall you or your Surviving Spouse have the power in
         any manner to charge or encumber such interest or benefits, nor shall
         such interest or benefits be liable or subject in any manner for the
         liabilities of you or your Surviving Spouse's debts, contracts, torts
         or other engagements of any kind.

                  g.       No person other than you and your Surviving Spouse
         shall have any rights or property interest of any kind whatsoever
         pursuant to this Agreement, and neither you nor your Surviving Spouse
         shall have any rights hereunder other than those expressly provided in
         this Agreement. Upon the death of you and your Surviving Spouse no
         further benefits of whatsoever kind or nature shall accrue or be
         payable pursuant to this Agreement.

                  h.       All benefits payable pursuant to this Agreement,
         other than pursuant to paragraph 10, shall be paid in installments of
         one-twelfth of the annual benefit, or at such shorter intervals as may
         be deemed advisable by the Company in its discretion, upon receipt of
         your or your Surviving Spouse's written application, or by the
         applicant's personal representative in the event of any legal
         disability.

                  i.       Except as provided in paragraph 10, all benefits
         under this Agreement shall be payable from the Company's general
         assets, which assets (including all funds in the Deferred Compensation
         Trust) are subject to the claims of the Company's general creditors,
         and are not set aside for your or your Surviving Spouse's benefit.

                  j.       You agree that, if the Company establishes the
         Deferred Compensation Trust, the Company is entitled at any time prior
         to a Change in Control to revoke such trust and withdraw all funds
         theretofore deposited in such trust. You acknowledge that although this
         Agreement refers from time to time to your or your Surviving Spouse's
         trust account, no separate trust will be created and all assets of any
         Deferred Compensation Trust will be commingled.

                  k.       This Agreement shall be governed by the laws of the
         State of Michigan.

         12.      We have agreed that the determinations of the Committee
described in paragraph 11a shall be conclusive as provided in such paragraph,
but if for any reason a claim is asserted which subverts the provisions of
paragraph 11a, we agree that, except for causes of action which may arise under
paragraph 11b and the first paragraph of paragraph 11c and provided no Change in
Control has occurred, arbitration shall be the sole and exclusive remedy to
resolve all disputes, claims or controversies which could be the subject of
litigation (hereafter referred to as "dispute") involving or arising out of this
Agreement. It is our mutual intention that the arbitration award will be final
and binding and that a judgment on the award may be entered in any court of
competent jurisdiction and enforcement may be had according to its terms.

<PAGE>

         The arbitrator shall be chosen in accordance with the commercial
arbitration rules of the American Arbitration Association and the expenses of
the arbitration shall be borne equally by the parties to the dispute. The place
of the arbitration shall be the principal offices of the American Arbitration
Association in the metropolitan Detroit area.

         The arbitrator's sole authority shall be to apply the clauses of this
Agreement.

         We agree that the provisions of this paragraph 12, and the decision of
the arbitrator with respect to any dispute, with only the exceptions provided in
the first paragraph of this paragraph 12, shall be the sole and exclusive remedy
for any alleged cause of action in any manner based upon or arising out of this
Agreement. Subject to the foregoing exceptions, we acknowledge that since
arbitration is the exclusive remedy, neither of us or any party claiming under
this Agreement has the right to resort to any federal, state or local court or
administrative agency concerning any matters dealt with by this Agreement and
that the decision of the arbitrator shall be a complete defense to any action or
proceeding instituted in any tribunal or agency with respect to any dispute. The
arbitration provisions contained in this paragraph shall survive the termination
or expiration of this Agreement, and shall be binding on our respective
successors, personal representatives and any other party asserting a claim based
upon this Agreement.

         We further agree that any demand for arbitration must be made within
one year of the time any claim accrues which you or any person claiming
hereunder may have against the Company; unless demand is made within such
period, it is forever barred.

         We are pleased to be able to make this supplemental plan available to
you. Please examine the terms of this Agreement carefully and at your earliest
convenience indicate your assent to all of its terms and conditions by signing
and dating where provided below and returning a signed copy to me.

                                    Sincerely,

                                    MASCO CORPORATION

                                    By
                                      Richard A. Manoogian
                                      Chief Executive Officer

___________________________

DATE:______________________

<PAGE>

                                November 18, 2002

[Participant Address]

Dear [Participant]:

         As you know the Compensation Committee has approved a revised bonus
program for the executive group allowing year-end bonuses to fluctuate within a
wide range above and below the normal 50% bonus opportunity historically used by
the Company. This change is not, of course, intended to significantly increase
or decrease your retirement or disability benefits under our Supplemental
Executive Retirement Plan and to prevent such an effect a modification of your
existing SERP Agreement is necessary. The amendment to your SERP Agreement set
forth below limits the bonus paid with respect to any year included in the SERP
retirement calculation to 50% of the salary paid during that year. The amount
excluded, however, will be added to the bonus paid for any other year in the
SERP retirement calculation, as long as the amount added does not adjust the
bonus to an amount in excess of 50% of the salary paid during the year for which
the adjusted bonus is paid. In the case of disability payments, in order to
avoid a calculation based on a year for which the bonus was significantly higher
or lower than the historical 50% level, the amendment would define "Total
Compensation" as 150% of your then current salary and your overall disability
payments would equal 60% of that amount.

         The amendments would consist of changing the definitions of "Average
Compensation" and "Total Compensation" in your SERP Agreement to read,
respectively, as follows:

         Average Compensation

                  "Average Compensation shall mean the aggregate of your highest
         three years total annual cash compensation paid to you by the Company,
         consisting of (i) base salaries and (ii) regular year-end cash bonuses
         paid with respect to the years in which such salaries are paid (the
         bonus with respect to any such year, however, only to be included in an
         amount not in excess of 50% of the base salary paid during such year),
         divided by three, provided, however, (x) if any portion of a bonus is
         excluded by the parenthetical contained in clause (ii) above, the total
         amount excluded will be added to one or both of the other two years
         included in the calculation as long as the amount so added does not
         result in a bonus with respect to any year exceeding 50% of the base
         salary paid during that year, (y) if you have on the date of
         determination less than three full years of employment the foregoing
         calculation, including any adjustment required by clause (x) above,
         shall be based on the average base salaries and regular year-end cash
         bonuses paid to you while so employed, and (z) if the determination of
         Average Compensation includes any year in which you volunteered to
         reduce your salary or, as part of a program generally applicable to
         participants in the Plan, you did not receive an increase in salary
         compared with the immediately preceding year, the Committee referred to
         in paragraph

<PAGE>

         11 shall make a good faith determination of what your Average
         Compensation would have been absent such salary reduction and absent
         such generally applicable program."

         Total Compensation

                  "If you become Disabled, "Total Compensation" shall mean 150%
         of your annual base salary rate at the time of your Disability,
         provided, however, if the determination of Total Compensation is for a
         year in which you volunteered to reduce your salary or, as part of a
         program generally applicable to participants in the Plan, you did not
         receive an increase in salary compared with the immediately preceding
         year, the Committee referred to in paragraph 11 shall make a good faith
         determination of what your Total Compensation would have been absent
         such salary reduction and absent such generally applicable program."

         Should you have any questions regarding the proposed amendment, please
feel free to discuss them with Ray Kennedy, Dan Foley, John Leekley or me. If
not, I would appreciate your execution and return of a copy of the enclosed
amendment to Gene Gargaro, at which time the above-described amendment will
become effective.

                                    Sincerely yours,

                                    Richard A. Manoogian
                                    Chairman

I agree to the above amendment of
my SERP Agreement
changing the definition of
"Average Compensation" and
"Total Compensation" as set
forth above

___________________________

<PAGE>

                                December 5, 2003

[Participant's Address]

[Dear Participant]

         Masco's Organization and Compensation Committee over the past several
years has approved a number of major improvements to the benefits for our
executives covered by Masco's program for supplemental retirement and other
benefits (the "SERP Plan"). At its October meeting this Committee authorized a
significant additional enhancement under your agreement pursuant to the SERP
Plan (the "SERP Agreement") by increasing the percentage of your bonus eligible
for inclusion in the SERP calculation from 50% to 60% of your base salary. (A
corresponding change would be made in the calculation of disability payments by
changing the definition of "Total Compensation" to 160% from 150% of your then
current salary.) The provisions in your SERP Agreement, allowing certain
carry-forwards or carry-backs of bonus payments in excess of what was 50% and is
now 60%, would be retained.

         This enhancement was, in part, approved to partially offset the effect
of the current freeze on your salary. Accordingly, the existing provision in
your SERP Agreement, which requires a calculation of benefits on the assumption
that all compensation freezes are disregarded, would be eliminated.

         In order for these changes to be implemented in your SERP Agreement,
the definitions of "Average Compensation" and "Total Compensation" in your SERP
Agreement would be amended to read as follows:

Average Compensation

         "Average Compensation shall mean the aggregate of your highest three
years total annual cash compensation paid to you by the Company, consisting of
(i) base salaries and (ii) regular year-end cash bonuses paid with respect to
the years in which such salaries are paid (the bonus with respect to any such
year, however, only to be included in an amount not in excess of 60% of the base
salary paid during such year), divided by three, provided, however, (x) if any
portion of a bonus is excluded by the parenthetical contained in clause (ii)
above, the total amount excluded will be added to one or both of the other two
years included in the calculation as long as the amount so added does not result
in a bonus with respect to any year exceeding 60% of the base salary paid during
that year, (y) if you have on the date of determination less than three full
years of employment, the foregoing calculation, including any adjustment
required by clause (x) above, shall be based on the average base salaries and
regular year-end cash bonuses paid to you while so employed."

<PAGE>

[Participant's Name]
December 5, 2003
Page Two

Total Compensation

'If you become Disabled, "Total Compensation" shall mean 160% of your annual
base salary rate at the time of your Disability."

Should you have any questions regarding this proposed amendment, please feel
free to discuss them with Dan Foley, John Leekley or me. If not, I would
appreciate your execution and return of a copy of this letter to Gene Gargaro,
at which time the above described amendment will become effective.

                                    Sincerely yours,

                                    Richard A. Manoogian
                                    Chairman

I agree to the above amendment
of my SERP Agreement changing
definition of "Average Compensation"
and "Total Compensation" as set
forth above.

________________________________

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