Document:

Exhibit 10.2

                     2005 EXECUTIVE FINANCIAL SECURITY PLAN

                                       OF

                     TEXAS INDUSTRIES, INC. AND SUBSIDIARIES

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                     2005 EXECUTIVE FINANCIAL SECURITY PLAN

                                TABLE OF CONTENTS
Article      Subject                                                    Page
-------      ---------------------------------------------------------  ----
     1       Definitions..............................................     1
     2       Eligibility, Participation and Deferrals.................     5
     3       Retirement Benefit and Benefit Upon Separation
               of Employment..........................................     6

     4       Death Benefit............................................     8
     5       Disability ..............................................    10
     6       Beneficiary..............................................    11
     7       Source of Benefits and Employer Liability................    11
     8       Change of Control........................................    13
     9       Termination of Participation.............................    14
     10      Termination, Amendment, Modification or Supplement
               of Plan................................................    15

     11      Other Benefits and Agreements............................    17
     12      Restrictions on Alienation of Benefits...................    17
     13      Administration of the Plan...............................    18
     14      Non-Compete..............................................    19
     15      Miscellaneous............................................    20
     16      Named Fiduciary and Claims Procedure.....................    21
     17      Adoption of Plan by a Subsidiary.........................    23

             Plan Agreement...........................................   I-1
             Beneficiary Designation..................................  II-1

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                     2005 EXECUTIVE FINANCIAL SECURITY PLAN
                                       OF
                     TEXAS INDUSTRIES, INC. AND SUBSIDIARIES

                                     PURPOSE

The purpose of this Plan is to provide specified benefits, with respect to
periods commencing on or after January 1, 2005, to a select group of management
and highly compensated employees who contribute materially to the continued
growth, development and future business success of the Company and its
Subsidiaries.

                                    ARTICLE 1

                                   DEFINITIONS

         Unless otherwise clearly apparent from the context, the following
phrases or terms shall have the indicated meanings (some phrases and terms that
are used only in one Section are defined in that Section):

         "Annual Covered Salary" shall mean the product of (i) the Covered
         Salary selected by the Participant on such Participant's most current
         Plan Agreement, multiplied by (ii) twelve (12).

         "Base Earnings" shall mean the base amount of compensation paid to such
         Participant by the Employer, exclusive of bonuses, the value of equity
         based compensation, fringe benefits, and similar types of compensation,
         as determined by the Committee in its sole discretion.

         "Beneficiary" shall mean the person(s) or the estate of a Participant
         entitled to receive any Benefits under this Plan upon the death of a
         Participant.

         "Beneficiary Designation" shall mean the written agreement, in the form
         attached hereto as Annex II, by which the Participant names his or her
         Beneficiary.

         "Benefits" shall mean the Monthly Normal Retirement Benefit, the
         Monthly Early Retirement Benefit, the Monthly Separation Benefit, and
         the Death Benefit, collectively; except that where a reference is
         intended to be limited, the reference shall be the specific Benefit.

         "Cause" shall mean (a) your willful and continued failure to
         substantially perform your duties (other than any such failure
         resulting from your incapacity due to physical or mental illness), or
         (b) conviction of a felony involving moral turpitude, or (c) willful
         conduct by you which is demonstrably and materially injurious to the
         Company, monetarily or otherwise, or constitutes fraud against the
         Company or theft of Company property.

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         "Change in Control" shall mean, as to any Participant, the occurrence
         of any of the following after such Participant's Participation Date:

         (a)      Any person becomes the beneficial owner of securities of the
                  Company representing more than 50% of the combined voting
                  power of the Company's then outstanding securities that have
                  the right to vote for the election of directors generally.
                  "Person" shall have the meaning ascribed to such term in
                  Section 3(a)(9) of the Securities Exchange Act of 1934, as
                  amended, and used in Sections 13(d)(3) and 14(d)(2) thereof,
                  including a "group" as defined in Section 13(d) thereof, other
                  than (1) any employee plan established by the Company, (2) the
                  Company or any of its subsidiaries, (3) an underwriter
                  temporarily holding securities pursuant to an offering of such
                  securities, or (4) an entity owned, directly or indirectly, by
                  security holders (including, without limitation, warrant or
                  option holders) of the Company in substantially the same
                  proportions as their ownership of the Company. "Beneficial
                  owner" shall have the meaning ascribed to such term in Rule
                  13d-3 under such act.

         (b)      Continuing Directors cease for any reason to constitute a
                  majority of the directors of the Company then serving.
                  "Continuing Directors" means directors of the Company who
                  were:

                  (i)      directors on such Participant's Participation Date,
                           or

                  (ii)     elected or nominated for election with the approval
                           of a majority of the directors who, at the time of
                           such election or nomination, were Continuing
                           Directors.

         (c)      A merger, consolidation or other business combination
                  (including an exchange of securities with the security holders
                  of an entity that is a constituent in such transaction) of the
                  Company with any other entity, unless the voting securities of
                  the Company outstanding immediately prior to such merger,
                  consolidation or business combination continue to represent at
                  least a majority of the combined voting power of the
                  securities having the right to vote for the election of
                  directors generally of the Company or the surviving entity or
                  any parent thereof outstanding immediately after such merger,
                  consolidation or business combination (either by remaining
                  outstanding or by being converted into or exchanged for voting
                  securities of the surviving entity or parent thereof).

         (d)      The Company (taken as a whole with its subsidiaries) sells,
                  leases or otherwise disposes of all or substantially all of
                  its assets (in one transaction or a series of related
                  transactions, including by means of a sale, lease or
                  disposition of the assets or equity interests in one or more
                  of its direct or indirect subsidiaries), other than such a
                  sale, lease or other disposition to an entity of which at
                  least a majority of the combined voting power of the
                  outstanding securities are owned directly or indirectly by
                  stockholders of the Company.

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         (e)      The occurrence of any other event or circumstance that results
                  in the Company filing or being required to file a report or
                  proxy statement with the Securities and Exchange Commission
                  disclosing that a change in control of the Company has
                  occurred.

         "Code" shall mean the Internal Revenue Code of 1986, as amended.

         "Committee" shall mean the administrative committee appointed to manage
         and administer the Plan in accordance with the provisions of Article 13
         of this Plan.

         "Company" shall mean Texas Industries, Inc., and its successors.

         "Covered Salary" shall mean that portion of a Participant's monthly
         Base Earnings which such Participant elects as a basis for Deferrals on
         such Participant's Plan Agreement.

         "Death Benefit" shall mean the Benefit payable to a deceased
         Participant's Beneficiary as described in Sections 3.0(b), 3.2(b) and
         3.3(b) and in Article 4.

         "Defer" shall mean a Participant's agreement to defer the payment of an
         amount of Base Earnings as described in Section 2.2 and set forth in
         such Participant's Plan Agreement.

         "Deferrals" shall mean those amounts which a Participant Defers.

         "Disabled", "Disability" and similar terms shall mean that the
         Participant is determined to be totally disabled by the Social Security
         Administration or under the Employer's long term disability plan, and
         such Participant provides the Committee with evidence of such
         determination which is acceptable to the Committee.

         "Early Retirement Date" shall mean the date on which a Participant
         Retires prior to such Participant's Normal Retirement Date.

         "Employee" shall mean any person who is an officer of the Company
         and/or who is in the regular full time employment of an Employer, as
         determined by the personnel rules and practices of the Company or
         Employer; provided, without limitation, that it does not include
         persons who are retained as consultants or other independent
         contractors.

         "Employer" shall mean, collectively, the Company and any Subsidiary
         having one or more Employees who are Participants at the time of
         reference. Where the context dictates, the term "Employer" as used
         herein refers to a particular Employer which has entered into a Plan
         Agreement with one or more specific Participants, at least one of whom
         has not received all of his or her Benefits. This definition of the
         term "Employer" is subject to the provisions of Section 15.2(a).

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         "Enrollment Date" shall mean the date on which an Employee receives
         delivery of the form of Plan Agreement which will allow such Employee
         to elect to Defer a specified portion of such Employee's Base Earnings.

         "Monthly Early Retirement Benefit" shall mean, for any Participant, the
         amount of Benefits payable to such Participant pursuant to
         Section 3.2(a).

         "Monthly Normal Retirement Benefit" shall mean, for any Participant,
         the amount of Benefits payable to such Participant pursuant to
         Section 3.0(a).

         "Monthly Separation Benefit" shall mean, for any Participant, the
         amount of Benefits payable to such Participant pursuant to
         Section 3.3(a).

         "Normal Retirement Date" shall be the later of (i) the Participant's
         65th birthday, and (ii) the date on which such Participant becomes
         Qualified.

         "Participant" shall mean an Employee who is offered the opportunity to
         become a Participant, and who, by electing to participate in the Plan
         as provided in Article 2, becomes a Participant on such Employee's
         Participation Date; provided, further, that once such Employee becomes
         a Participant, such Employee remains a Participant until he or she is
         no longer entitled to any Benefits under the Plan.

         "Participation Date" shall mean the date identified in a Participant's
         Plan Agreement as the Participation Date.

         "Plan" shall mean this 2005 Executive Financial Security Plan of Texas
         Industries, Inc. and Subsidiaries which is evidenced by this instrument
         and by each Plan Agreement.

         "Plan Agreement" shall mean the written agreement (substantially in the
         form attached hereto as Annex I) most recently delivered to the
         Committee whereby a Participant agrees to the amount of such
         Participant's Deferral and Covered Salary.

         "Qualified" or "Qualification" shall mean that a Participant has either
         (i) participated in the Plan for five consecutive years beginning on
         his or her Participation Date; or (ii) has become Qualified pursuant to
         Section 4.0(a), 5.2, 5.3 or 8.0.

         "Retire", "Retirement" and similar terms shall mean a Separation of
         Employment which occurs after the later of (i) Participant's attainment
         of age 55, and (ii) Participant's becoming Qualified.

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         "Separates Employment", "Separation of Employment", "Separation" and
         similar terms shall mean a Participant's employment with all Employers
         has terminated.

         "Subsidiary" shall mean any business organization in which the Company,
         directly or indirectly, owns an interest, excluding ownership interests
         the Company may hold in its fiduciary capacity as trustee or otherwise,
         and any other business organization that the Board of Directors
         designates as a Subsidiary for purposes of this Plan.

         "Termination Event" is defined in Section 8.0.

                                    ARTICLE 2

                    ELIGIBILITY, PARTICIPATION AND DEFERRALS

2.0      The Committee shall have the sole discretion to determine whether an
         Employee will be offered the opportunity to become a Participant, as
         well as such Employee's Covered Salary and required Deferrals.

2.1      To commence participation, an Employee who is offered the opportunity
         to participate must elect to participate by executing a Plan Agreement
         which, among other things, will specify such Employee's Covered Salary
         and the amount of Deferrals, and will acknowledge that the Employer's
         right to retain such Deferrals is complete and irrevocable, and that in
         lieu thereof such Employee shall be entitled solely to the Benefits
         provided under this Plan. Such election to commence participation must
         be delivered to the Committee by the 30th day following such
         Participant's Enrollment Date.

2.2      Subsequent to a Participant's initial election to participate, the
         Committee, in its sole discretion, may offer such Participant the
         opportunity, by executing a new Plan Agreement, to increase such
         Participant's Deferrals (and such Participant's Covered Salary) to the
         amount set forth in the new Plan Agreement, which executed new Plan
         Agreement will be irrevocable if not revoked in writing prior to the
         last day of the year in which it is delivered to the Committee. Such
         new Plan Agreement must be signed and delivered to the Committee prior
         to the date it is to take effect and, after delivery, it will take
         effect on the earlier of (i) such Participant's Normal Retirement Date,
         and (ii) the first day of the year following delivery to the Committee.
         Except as otherwise provided in this Plan, Separation of Employment for
         any reason, whether by action of Employer or Participant, shall
         immediately terminate a Participant's right to make Deferrals and earn
         additional Benefits.

2.3      All Deferrals shall be and remain solely the property of a
         Participant's Employer, and such Participant shall have no right
         thereto, nor shall such Employer be obligated to use such amounts in
         any specific manner.

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2.4      If a Participant Separates Employment either (i) before becoming
         Qualified, except as a result of death or Disability, or (ii) as a
         result of being terminated for Cause, such Participant shall cease to
         be a Participant effective on the date of such Separation, and on and
         after the date of such Separation such former Participant shall not be
         entitled to any Benefits, such Participant's Deferrals shall be
         forfeited and no Employer shall have any obligation hereunder to such
         former Participant.

                                    ARTICLE 3

                       RETIREMENT BENEFIT AND BENEFIT UPON

                            SEPARATION OF EMPLOYMENT

3.0      If a Participant Retires on or after his or her Normal Retirement Date,
         the Employer will pay the following Benefits to such Participant or his
         or her Beneficiary:

         (a)      Such Participant's Monthly Normal Retirement Benefit is equal
                  to forty-five percent (45%) of such Participant's Covered
                  Salary in effect on such Participant's Normal Retirement Date.
                  Such Participant's Monthly Normal Retirement Benefit will be
                  payable each month for the lifetime of the Participant
                  commencing on the first day of the month following the date of
                  such Participant's Retirement, unless a later commencement
                  date is required by Section 8.0. If such Participant shall die
                  before receiving one hundred and eighty (180) monthly
                  payments, the monthly payments will continue to be paid to
                  Participant's Beneficiary until a total of one hundred and
                  eighty (180) monthly payments, including those paid to
                  Participant, have been paid.

         (b)      Upon Participant's death the Employer will pay to such
                  Participant's Beneficiary in a lump sum, as a Death Benefit,
                  an amount equal to twenty-five percent (25%) of such
                  Participant's Annual Covered Salary based on his or her
                  Covered Salary in effect on such Participant's Normal
                  Retirement Date.

3.1      A Participant who does not Retire on or prior to such Participant's
         Normal Retirement Date will cease having Deferrals deducted from his
         Base Earnings as of the first day of the month following his Normal
         Retirement Date.

3.2      If a Participant Retires on or after his or her 55th birthday for any
         reason other than death or Disability, but prior to his or her Normal
         Retirement Date, the Employer will pay the following Benefits to such
         Participant or his or her Beneficiary:

                                       -6-
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         (a)      Such Participant's Monthly Early Retirement Benefit is equal
                  to the product of (x) and (y), where (x) is the product of (i)
                  forty-five percent (45%) of the such Participant's Covered
                  Salary as set forth in the Plan Agreement in effect on such
                  Participant's Early Retirement Date, multiplied by (ii) a
                  fraction, which shall not exceed one, the numerator of which
                  is the number of full months between such Participant's
                  Participation Date and Early Retirement Date, and the
                  denominator of which is the number of full months between such
                  Participant's Participation Date and Normal Retirement Date,
                  and where (y) is the difference of one minus the product of
                  .004166 multiplied by the number of full months between such
                  Participant's Early Retirement Date and Normal Retirement
                  Date. Such Participant's Monthly Early Retirement Benefit will
                  be payable each month for the lifetime of the Participant
                  commencing on the first day of the month following such
                  Participant's Early Retirement Date. If such Participant shall
                  die before receiving one hundred and eighty (180) monthly
                  payments, the monthly payments will continue to be paid to
                  Participant's Beneficiary until a total of one hundred and
                  eighty (180) monthly payments, including those paid to
                  Participant, have been paid.

         (b)      If such Participant elects under Section 3.5 to defer the date
                  on which Benefits will be paid beyond such Participant's Early
                  Retirement Date, then in calculating such Participant's
                  Monthly Early Retirement Benefit under Section 3.2(a) above,
                  everything following the second reference to "(y)" shall be
                  deleted, and the following substituted therefore, "is the
                  difference of one minus the product of .004166 multiplied by
                  the number of full months between the date on which Benefits
                  commence to be paid and such Participant's Normal Retirement
                  Date."

         (c)      Upon Participant's death the Employer will pay to such
                  Participant's Beneficiary in a lump sum, as a Death Benefit,
                  an amount equal to twenty-five percent (25%) of the
                  Participant's Annual Covered Salary based on his or her
                  Covered Salary as set forth in the Plan Agreement in effect on
                  such Participant's date of Separation, multiplied by a
                  fraction, which shall not exceed one (1), the numerator of
                  which is the number of full Months between such Participant's
                  Participation Date and date of Separation, and the denominator
                  of which is the number of full months between such
                  Participant's Participation Date and Normal Retirement Date.

3.3      If a Participant Separates Employment after Qualification but before
         attaining such Participant's 55th birthday for any reason other than
         death or Disability, the Employer shall pay the following Benefits to
         such Participant or his or her Beneficiary:

         (a)      Such Participant's Monthly Separation Benefit is equal to the
                  product of (i) forty-five percent (45%) of such Participant's
                  Covered Salary as set forth in the Plan Agreement in effect on
                  such Participant's date of Separation of Employment,
                  multiplied by (ii) a fraction, which shall not exceed one (1),
                  the numerator of which is the number of full months between
                  such Participant's Participation Date and date of Separation
                  of Employment, and the denominator of which is the number of
                  full months between such Participant's Participation Date and
                  Normal Retirement Date. Such Participant's Monthly Separation
                  Benefit will be payable each month for the lifetime of the
                  Participant commencing on the first day of the month following
                  the earlier of such Participant's death or Normal Retirement
                  Date. If such Participant dies before the commencement of
                  monthly payments, or before receiving one hundred and eighty
                  (180) monthly payments, the monthly payments will be paid to
                  Participant's Beneficiary until a total of one hundred and
                  eighty (180) monthly payments, including those paid to
                  Participant (if any), have been paid.

                                       -7-
<PAGE>

         (b)      Upon Participant's death the Employer will pay to such
                  Participant's Beneficiary in a lump sum, as a Death Benefit,
                  an amount equal to twenty-five percent (25%) of the
                  Participant's Annual Covered Salary based on his or her
                  Covered Salary as set forth in the Plan Agreement in effect on
                  such Participant's date of Separation, multiplied by a
                  fraction, which shall not exceed one (1), the numerator of
                  which is the number of full months between such Participant's
                  Participation Date and date of Separation, and the denominator
                  of which is the number of full months between such
                  Participant's Participation Date and Normal Retirement Date.

3.4      Notwithstanding any other provision of this Plan or any Plan Agreement,
         a Specified Employee shall not be entitled to receive the benefits
         described in Section 3.0 or 3.2 until the 6th monthly anniversary of
         such Specified Employee's date of Retirement, at which time all
         Benefits that, but for this Section 3.4, would have been paid to such
         Participant, will be paid to such Participant in a single, one time,
         lump sum payment; and thereafter Benefits shall be paid as provided in
         Section 3.0 or 3.2, as applicable. A Specified Employee is a person
         defined as a "specified employee" in Treasury Regulations Section
         1.409-1(i) as in effect at the time of reference.

3.5      A Participant may elect to defer the date on which such Participant's
         Monthly Normal Retirement Benefit or Monthly Early Retirement Benefit
         payments provided in Section 3.0 or 3.2 otherwise will commence. Such
         election must be in writing and delivered to the Committee on or before
         a final date that is exactly 12 months prior to such Participant's date
         of Retirement; provided that such deferral must be to a date no earlier
         than the 5th anniversary of such Participant's date of Retirement. Such
         election can be changed at any time prior to the final date described
         above by delivering a new written election to the Committee, but the
         last such election delivered on or before such final date will become
         irrevocable on such final date.

                                    ARTICLE 4

                                  DEATH BENEFIT

4.0      If a Participant dies and at the time of death such Participant was an
         Employee (including an Employee on an authorized leave of absence) or
         Disabled, then the Employer will pay the following Death Benefit to
         such Participant's Beneficiary:

                                       -8-
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         (a)      If at the time of death such Participant had attained his or
                  her Normal Retirement Date, then such Participant shall be
                  deemed to have become Qualified (if not already Qualified) and
                  Retired on the date of death and the Beneficiary shall be
                  entitled to receive the Benefits provided in Section 3.0.

         (b)      If at the time of death such Participant had attained age 55
                  and was Qualified and was not Disabled, then the Beneficiary
                  may select, in a written election delivered to the Committee,
                  either of the following, Option A or Option B:

                  (i)      Option A: Participant shall be deemed to have Retired
                  on the date of death and the Beneficiary shall be entitled to
                  receive the Benefits provided in Section 3.2.

                  (ii)     Option B: (i) one hundred percent (100%) of such
                  Participant's Covered Salary under the Plan Agreement in
                  effect on such Participant's date of death, paid each month
                  for the 12 months following such Participant's death, and (ii)
                  fifty percent (50%) of such Participant's Covered Salary under
                  the Plan Agreement as in effect on such Participant's date of
                  death, paid each month for the longer of (x) one hundred and
                  eight (108) months following the date of such Participant's
                  death, or (y) until such Participant would have attained such
                  Participant's Normal Retirement Date had such Participant
                  survived to that date. The monthly death benefits under Option
                  B shall commence as of the first day of the month following
                  the month in which the Employer receives proof of
                  Participant's death in accordance with Section 4.1(d), and the
                  first payment will include any monthly payments which would
                  have been paid if the proof of death had been received on the
                  day after such Participant's death.

         (c)      If at the time of death such Participant had not attained age
                  55 or was not Qualified, then the Beneficiary shall be
                  entitled to receive the Benefits provided in Option B in
                  Section 4.0(b).

         (d)      If at the time of death such Participant was Disabled and had
                  not attained the age of 65, then the Beneficiary shall be
                  entitled to receive the Benefits provided in Option B in
                  Section 4.0(b).

4.1      Notwithstanding any provision hereof to the contrary, the Employer
         shall have no obligation to pay a Beneficiary an amount described in
         Section 4.0 unless the Committee, in its sole discretion, determines
         all of the following conditions are satisfied:

         (a)      such Participant's Plan Agreement was in force on the date of
                  death;

         (b)      such Participant's death was not a result of suicide within
                  two years after the date of the initial Plan Agreement, or
                  within two years of the date of any subsequent Plan Agreement,
                  but the amount of the Death Benefit which Employer shall not
                  be obligated to pay shall be limited to Benefit increases
                  granted within two years prior to the date of such suicide;

                                       -9-
<PAGE>

         (c)      such Participant's death was determined not to be from a
                  bodily or mental cause or causes, the information about which
                  was withheld, or knowingly concealed, or falsely provided by
                  such Participant when requested by Employer to furnish
                  evidence of good health upon such Participant's enrolling in
                  the Plan or for any increments of such Participant's Covered
                  Salary, but the amount of the Death Benefit which Employer
                  shall not be obligated to pay shall be limited to Benefits
                  granted within two years prior to the date of such last
                  increment of Covered Salary; and

         (d)      proof of death in such form as determined acceptable by the
                  Committee is furnished.

                                    ARTICLE 5

                                   DISABILITY

5.0      A Participant who, prior to his or her Normal Retirement Date, is
         Disabled and remains continuously Disabled for more than six (6) months
         shall remain a Participant in the Plan so long as he or she remains
         continuously Disabled, but only if

         (a)      such Participant's Disability is not caused by his or her
                  illegal or criminal acts or is not intentionally
                  self-inflicted,

         (b)      such Participant's Plan Agreement is in force and effect at
                  the time of such Disability, and

         (c)      such Participant's Deferrals as set forth in Article 2 are
                  continued during the first six (6) months of the Disability.

         Notwithstanding any provision of the Plan to the contrary, if a
         Participant Separates Employment but does not satisfy the conditions
         set forth in this Section 5.0, then such Participant will not be
         considered Disabled for purposes of this Plan, and shall instead be
         deemed to have Separated Employment for reasons other than Disability,
         and such Participant's Benefits (if any) shall be determined on that
         basis.

5.1      If a Participant who is considered Disabled under Section 5.0 continues
         to be continuously Disabled after six (6) months, such Participant's
         Deferrals as set forth in Article 2 will thereafter be waived during
         the period of such Participant's continuous Disability, but for all
         purposes under this Plan such waived Deferrals will be deemed to have
         been made.

                                      -10-
<PAGE>

5.2      If a Participant becomes Disabled after reaching age 65, or while
         remaining continuously Disabled attains age sixty-five (65), such
         Participant will be deemed to be Qualified and to have Retired on such
         Participant's Normal Retirement Date.

5.3      If a Participant dies while continuously Disabled and prior to age 65,
         for all purposes of the Plan he or she will be considered to have
         Qualified, and such deceased Participant's Beneficiary will be entitled
         to the Death Benefits described in Section 4.0(d).

5.4      If a Participant recovers from a Disability and does not return to
         employment with an Employer within 30 days of such recovery, then such
         Participant will be deemed to have Separated Employment on the date on
         which such Participant recovers from Disability, and such Participant's
         Benefits (if any) hereunder shall be determined on that basis.

                                    ARTICLE 6

                                   BENEFICIARY

6.0      A Participant shall designate his or her Beneficiary to receive
         Benefits under the Plan by completing the Beneficiary Designation. If
         more than one Beneficiary is named, the shares and preference of each
         shall be indicated.

6.1      A Participant shall have the right to change the Beneficiary by
         submitting to the Committee a new Beneficiary Designation.

6.2      A Beneficiary Designation will only be effective if delivered to the
         Committee prior to Participant's death, and the final Beneficiary
         Designation delivered to, and acknowledged (in writing) by, the
         Committee prior to Participant's death shall be such Participant's
         Beneficiary Designation.

6.3      If Employer has any doubt as to the proper Beneficiary to receive
         payments pursuant to this Plan, it shall have the right to withhold
         such payments until the matter is finally adjudicated.

6.4      Any payment made by Employer in accordance with this Plan in good faith
         shall fully discharge Employer from all further obligations with
         respect to such payment.

                                    ARTICLE 7

                    SOURCE OF BENEFITS AND EMPLOYER LIABILITY

7.0      Amounts payable to a Participant shall be paid exclusively from the
         general assets of Employer.

                                      -11-
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7.1      No person entitled to any payment shall have any claim, right, security
         or other interest in any asset of Employer.

7.2      Employer's liability for the payment of Benefits shall be evidenced
         only by this Plan and each Plan Agreement entered into between Employer
         and a Participant.

7.3      Employer shall require that a Participant furnish evidence of good
         health when enrolling for any increment of the Participant's Covered
         Salary, including the initial enrollment. The Participant agrees to
         cooperate by:

         (a)      furnishing such information as the Committee may require,
                  including but not limited, to physical examinations reports of
                  any previous employer;

         (b)      taking such additional physical examinations as may be
                  requested by the Committee; and

         (c)      doing any other act which may be requested by the Committee.

         Participant also understands and agrees that his or her participation,
         in any way, in the acquisition of any general asset by Employer shall
         not constitute a representation to the Participant, his or her
         designated recipient, or any person claiming through the Participant
         that any of them has a special or beneficial interest in such general
         asset.

7.4      Notwithstanding the other provisions of this Plan or any Plan
         Agreement, if Employer makes application for life insurance on
         Participant's life and Participant cannot provide evidence of good
         health at standard rates or for the amounts contemplated in connection
         with an offer of initial enrollment in the Plan or any subsequent
         increase in Covered Salary and Deferral, Employer may, at its sole
         discretion, (i) permit the Participant to participate herein for such
         Benefits and upon such Deferral as Employer may, in its sole
         discretion, deem appropriate, or (ii) if in connection with
         Participant's initial enrollment in the Plan, withdraw the offer to
         participate or terminate Participant's initial Plan Agreement, or (iii)
         if in connection with an increase in Participant's Covered Salary and
         Deferral, withdraw the offer of such increase or terminate any new Plan
         Agreement providing for such increase and reinstate the previous Plan
         Agreement.

7.5      If the Participant does not cooperate in complying with any
         requirements under Section 7.3, Employer shall have no further
         obligation to Participant under the Plan except as to any Benefits
         previously earned.

7.6      Without limiting the generality of the foregoing, Employer shall have
         no obligation of any nature whatsoever to a Participant under the Plan
         and Plan Agreement, except as otherwise especially provided in the
         Plan, if the Participant's death was determined to be from a bodily or
         mental cause or causes, the information about which was withheld, or
         knowingly concealed, or falsely provided by the Participant when
         requested by Employer to furnish evidence of good health upon the
         Participant's enrolling in the Plan for any increments of the
         Participant's Covered Salary.

                                      -12-
<PAGE>

                                    ARTICLE 8

                                CHANGE OF CONTROL

8.0      Notwithstanding anything to the contrary contained in this Plan, if a
         Change in Control occurs, and:

         (a)      during the one (1) year period ending on the anniversary of
                  the date of the Change in Control, a Participant gives his or
                  her Employer thirty (30) days prior written notice of such
                  Participant's decision to Separate Employment at the
                  expiration of said thirty (30) day notice period; or

         (b)      during the two (2) year period ending on the second
                  anniversary of the date of the Change in Control,

                  (i)      a Participant suffers an involuntary Separation of
                           Employment for any reason other than:

                           (a)      such Participant's death; or

                           (b)      such Participant's Disability; or

                           (c)      for Cause; or

                  (ii)     the Plan, or a Participant's Plan Agreement, is
                           terminated;

         then, notwithstanding any other provisions of this Plan, upon such
         Separation, or, if such be the case, immediately prior to the
         termination of the Plan or Participant's Plan Agreement (each, a
         "Termination Event"), (A) a Participant who experiences a Termination
         Event shall become Qualified (if not already Qualified); (B) if such
         Participant has not reached age 55 on the date of such Termination
         Event, then for purposes of determining such Participant's Monthly
         Separation Benefit, such Participant will be credited with an
         additional 60 full months in computing the numerator of the fraction
         described in Section 3.3(a)(ii); and (C) if such Participant is age 55
         or older on the date of such Termination Event, then such Participant
         will receive the Benefits provided under Section 3.0 (and in
         determining the amount of such Benefits, the date of such Termination
         Event will be deemed to be such Participant's Normal Retirement Date
         and date of Retirement). If such Termination Event results from a
         Separation of Employment, a Participant whose Benefits are calculated
         pursuant to clause (B) will begin to receive payments as provided in
         Section 3.3, and a Participant whose Benefits are calculated pursuant
         to clause (C) will begin to receive payments on the first day of the
         month after the date of such Termination Event.

                                      -13-
<PAGE>

         If such Termination Event results from the termination of the Plan or
         such Participant's Plan Agreement, (i) if the Termination Event is a
         Complete Termination of the Plan (as defined in Section 10.3), such
         Benefits shall be paid to such Participant in a lump sum cash payment
         (determined as provided in Section 10.2) on the first anniversary of
         the date of such Termination Event, and (ii) if the Termination Event
         is not a Complete Termination, payment of such Benefits shall commence
         as provided under the terms of the Plan as in effect on the date of the
         Termination Event and based on such Participant's actual date of
         Separation of Employment, except that any payments which would have
         been made to such Participant during the period commencing on the date
         of such Termination Event and ending on the date on which payments are
         commenced, if such Termination Event had resulted from a Separation of
         Employment, shall be paid to such Participant in a lump sum, in
         addition to the first payment otherwise payable to such Participant, on
         the date on which the first payment is made to such Participant.

                                    ARTICLE 9

                          TERMINATION OF PARTICIPATION

9.0      A Participant may elect to cease such Participant's Deferrals by giving
         the Committee written notice thereof prior to the year in which such
         cessation first will take effect.

9.1      In the case of a Participant who elects to cease Deferrals, and who
         thereafter Separates from Employment after becoming Qualified but prior
         to age 55, in computing such Participant's Benefits under Section 3.3,
         the fraction under Section 3.3(a)(ii) will be determined by
         substituting the date of such Participant's cessation of Deferrals for
         the such Participant's "date of Separation of Employment"; and in the
         case of a Participant who elects to cease Deferrals, and who thereafter
         Separates from Employment after the later of the date he becomes
         Qualified and the date he attains age 55, will receive his Benefits
         determined under Section 3.2 (even if his date of Separation is after
         age 65); and in computing such Participant's Benefits under Section
         3.2, the fraction determined under 3.2(a)(x) will be determined by
         substituting the date of such Participant's cessation of Deferrals for
         such Participant's "Early Retirement Date".

9.2      A Qualified Participant who Separates Employment, and who is later
         reemployed by an Employer may be offered the opportunity by the
         Committee to again become a Participant. Such offer shall be made in
         accordance with the provisions of Article 2. The Committee shall have
         the sole discretion to determine, in addition to such Participant's
         Covered Salary and required Deferrals, how such Participant's Benefits
         will be calculated taking into account such Participant's vested
         Benefits; provided, however, in no event shall the total Benefits
         payable to such Participant, including any such vested Benefits, exceed
         the Benefits that would have been payable to such Participant had there
         been no break in his or her employment.

                                      -14-
<PAGE>

                                   ARTICLE 10

           TERMINATION, AMENDMENT, MODIFICATION OR SUPPLEMENT OF PLAN

10.0     Subject to the provisions of Article 8:

         (a)      Each Employer reserves the right, in its sole discretion, to
                  terminate its participation in this Plan.

         (b)      Each Employer reserves the right, in its sole discretion, to
                  totally or partially amend, modify or supplement this Plan or
                  any one or more Plan Agreements with respect to its
                  Participants.

         (c)      Each Employer reserves the right, in its sole discretion, to
                  terminate the Plan Agreement(s) of one or more of its
                  Participant(s).

         (d)      Without limitation, the Committee has the right, in its sole
                  discretion, to terminate, amend, modify or supplement the Plan
                  or any one or more Plan Agreements.

10.1     Each termination, amendment or modification of or supplement to the
         Plan or termination of any Plan Agreement shall be evidenced by a
         writing signed by the party taking the action, and no such action shall
         be effective except upon delivery of written notice of such action to
         each affected Participant (for purposes of this Article 10, an
         "Affected Participant") not less than thirty (30) days prior to the
         effective date of such action. The effective date of any such
         termination shall, for all purposes of this Article 10, be referred to
         as the "Termination Date".

10.2     Upon the occurrence of a Termination Date, each Affected Participant
         who thereafter Separates from Employment prior to age 55 shall be paid
         Benefits as provided in Section 3.3, but in computing such Benefits,
         the fraction under Section 3.3(a)(ii) will be determined by
         substituting the Termination Date for the such Participant's "date of
         Separation of Employment"; and each Affected Participant who thereafter
         Separates from Employment after the date he attains age 55, shall be
         paid Benefits as provided in Section 3.2 (even if his date of
         Separation is after age 65), and in computing such Benefits, the
         fraction determined under 3.2(a)(x) will be determined by substituting
         the Termination Date for such Participant's "Early Retirement Date".
         The occurrence of a Termination Date will not affect the Benefits
         payable to Affected Participants who have Retired or otherwise
         Separated Employment before such date. Notwithstanding the forgoing,
         upon the occurrence of a Termination Date, if such Termination Date
         results from the Complete Termination of the Plan (as described in
         Section 10.3) with

                                      -15-
<PAGE>

         respect to an Employer, such Employer shall have the right, at any time
         prior to the first anniversary of such Termination Date, (i) to
         determine, with respect to each Affected Participant, the lump sum
         present value of the Benefits otherwise payable to such Affected
         Participant under the terms of this Section (for purposes of this
         Article 10, "Lump Sum Benefits"), and (ii) to pay such Lump Sum
         Benefits to such Affected Participant, in lieu of the Benefits which
         otherwise would be paid under the terms of this Section, on the first
         day of the month following the first anniversary of such Termination
         Date; provided, further, that in determining the Lump Sum Benefits of
         each such Affected Participant, the Committee will base its
         calculations on (x) the date on which the Lump Sum Payment will be
         made, and (y) the "applicable mortality table", and the "applicable
         interest rate" (on the last day of the month preceding the first
         anniversary of the Termination Date), as such terms are defined in
         Section 417(e)(3)(A) of the Code and applicable regulations.

10.3     The Company or any Employer may completely terminate the Plan (a
         "Complete Termination"), and make payment of the Benefits determined
         under Section 10.2, if (i) the Company or Employer terminates all
         deferred compensation arrangements sponsored by the Company or Employer
         which would be aggregated with the Plan under Section 409A of the Code
         (and regulations), (ii) if payments not otherwise payable under the
         terms of the Plan are not paid until the first anniversary of the date
         of the Complete Termination, (iii) if all payments from the Plan are
         made within 24 months following the date of the Complete Termination,
         and (iv) if the Company or Employer does not adopt another arrangement
         which would be required to be aggregated with the Plan under Section
         409A of the Code (and regulations) for a period of 5 years from the
         date of the Complete Termination. If a termination of the Plan by the
         Company or any Employer constitutes a Complete Termination, then the
         Company or such Employer will take no action in violation of any laws
         or regulations applicable to such Complete Termination.

10.4     Notwithstanding any provision of this Plan to the contrary, if the
         Committee reasonably determines that a date of payment, or a form of
         payment, to a Participant in accordance with the terms of the Plan
         would violate a good faith interpretation of the requirements of
         Section 409A of the Code, the Committee will advise such Participant in
         writing of its determination and will take such actions as the
         Committee, in its sole discretion, reasonably determines will comply
         with Section 409A while having the least adverse economic impact on
         such Participant; provided that such Participant shall be entitled to
         file a written directive to the Committee to follow the terms of the
         Plan and, if such directive is accompanied by (i) a written opinion of
         counsel for such Participant that following the terms of the Plan is a
         reasonable good faith compliance with Section 409A, and (ii)
         Participant's written acknowledgement that such Participant may be
         subject to the excise tax and penalties imposed by Section 409A, and
         (iii) Participant's written agreement that such Participant shall not
         hold the Employer responsible if such Participant is required to pay
         excise taxes and/or interest penalties as a result of the Committee's
         making payment of Benefits in accordance with the terms of the Plan,
         then the Committee will follow the terms of the Plan. Without limiting
         the generality of the forgoing, in no event will an Employer guarantee
         that a Participant will not be required to pay excise taxes and/or
         interest penalties, nor shall an Employer be deemed responsible for any
         excise taxes and/or interest penalties which are paid by a Participant
         and, by accepting Benefits, each such Participant shall be deemed to
         have agreed to be solely responsible for such excise taxes and/or
         interest penalties.

                                      -16-
<PAGE>

                                   ARTICLE 11

                          OTHER BENEFITS AND AGREEMENTS

11.1     A Participant who (i) was a participant in an Executive Financial
         Security Plan (or a plan with any similar name) of an Employer on
         December 31, 2004 (a "Prior Plan"), and (ii) was Qualified under such
         Prior Plan on December 31, 2004, is referred to as a Prior Plan
         Participant. Notwithstanding any other provisions of this Plan, to
         prevent duplication of benefit payments under this Plan and the Prior
         Plan, in determining Benefits payable to a Prior Plan Participant (or
         his or her Beneficiary) under this Plan the Committee, in its
         discretion, will (i) determine the amount of benefits provided under
         the Prior Plan, (ii) adjust or coordinate the amount of Benefits
         provided under this Plan, and (iii) reflect such amounts in such Prior
         Plan Participant's Plan Agreement; and such adjusted or coordinated
         amounts shown on such Plan Agreement will determine a Prior Plan
         Participant's Benefits under this Plan for all purposes. In addition,
         the Committee is authorized to take any other actions it reasonably
         determines to be required to insure that there is no duplication under
         this Plan of the benefits payable under the Prior Plan. A Participant
         who was a participant in, but was not Qualified under, a Prior Plan on
         December 31, 2004, is not a Prior Plan Participant, is not entitled to
         any benefits under such Prior Plan, and will receive all of such
         Participant's Benefits (if any) under this Plan.

11.2     The Benefits provided to a Participant and Participant's Beneficiary
         under the Plan (reduced as provided in Section 11.1, if applicable) are
         in addition to any other benefits available to such Participant under
         any other plan or program for employees of Employer, and the Plan shall
         supplement and shall not supersede, modify or amend any other such plan
         or program except as may otherwise be expressly provided. Benefits
         under the Plan shall not be considered compensation for the purpose of
         computing contributions or benefits under any plan maintained by the
         Company or any of its Subsidiaries which is qualified under Section
         401(a) and 501(a), of the Code.

                                   ARTICLE 12

                     RESTRICTIONS ON ALIENATION OF BENEFITS

         No right or Benefit under the Plan shall be subject to anticipation,
alienation, sale, assignment, pledge, encumbrance or charge, and any attempt to
anticipate, alienate, sell, assign, pledge, encumber or charge the same shall be
void. No right or Benefit hereunder shall in any manner be liable for or subject
to the debts, contract, liabilities, or torts of the person entitled to such
Benefit.

                                      -17-
<PAGE>

                                   ARTICLE 13

                           ADMINISTRATION OF THE PLAN

13.0     The general administration of this Plan, as well as construction and
         interpretation thereof, shall be vested in the Committee, the number
         and members of which shall be designated and appointed from time to
         time by, and shall serve at the pleasure of, the President of the
         Company. Any member of the Committee may resign by notice in writing
         delivered to the Secretary of the Committee. Each person appointed a
         member of the Committee shall signify his or her acceptance by filing a
         written acceptance with the Secretary of the Committee.

13.1     The President of the Company shall designate one of the members of the
         Committee as Chairman and shall appoint a Secretary who need not be a
         member of the Committee. The Secretary shall keep minutes of the
         proceedings of the Committee and all data, records and documents
         relating to the administration of the Plan by the Committee. The
         Committee may appoint from its number such subcommittees with such
         powers as the Committee shall determine and may authorize one or more
         members of the Committee or any agent to execute or deliver any
         instrument or make any payment on behalf of the Committee.

13.2     All resolutions or other actions taken by the Committee shall be by the
         vote of a majority of those present at a meeting at which a majority of
         the members are present, or in writing by all the members in office at
         the time if they act without a meeting.

13.3     Except as expressly limited by the terms of the Plan, the Committee
         shall have full authority from time to time to establish, modify and
         rescind rules, forms and procedures for the administration of the Plan,
         to interpret the Plan, to determine each Employee who shall participate
         in the Plan and to determine the terms and provisions of each Plan
         Agreement and the form of each Plan Agreement and to decide any and all
         matters arising there under or in connection with the administration of
         the Plan. All decisions, actions and records of the Committee shall be
         conclusive and binding upon Employer, the Participants and all persons
         having or claiming to have any right or interest in or under the Plan.

13.4     The members of the Committee and the officers and directors of the
         Company shall be entitled to rely on all certificates and reports made
         by any duly appointed accountants and on all opinions given by any duly
         appointed legal counsel. Such legal counsel may be counsel for the
         Company.

                                      -18-
<PAGE>

13.5     No member of the Committee shall be liable for any act or omission of
         any other member of the Committee, nor for any act or omission on his
         or her own part, excepting only his or her own willful misconduct. The
         Company shall indemnify and save harmless each member of the Committee
         against any and all expenses and liabilities arising out of his or her
         membership on the Committee, excepting only expenses and liabilities
         arising out of his or her own willful misconduct. Expenses against
         which a member of the Committee shall be indemnified hereunder shall
         include, without limitation, the amount of any settlement or judgment,
         costs, counsel fees and related charges reasonably incurred in
         connection with a claim asserted or a proceeding brought or settlement
         thereof. The foregoing right of indemnification shall be in addition to
         any other rights to which any such member may be entitled as a matter
         of law or otherwise.

13.6     In addition to the powers hereinabove specified, the Committee shall
         have the power to compute and certify under the Plan the amount and
         kind of Benefits from time to time payable to Participants and their
         Beneficiaries and to authorize all disbursements for such purposes.

13.7     To enable the Committee to perform its functions, the Company and
         Employer shall supply full and timely information to the Committee on
         all matters relating to the compensation of all Participants, their
         Retirement, death or other cause for Separation, and such other
         pertinent facts as the Committee may require.

                                   ARTICLE 14

                                   NON-COMPETE

         Each Participant agrees that, following Separation of Employment for
any reason other than an involuntary Separation, within 24 months following a
Termination Event, Participant shall not, for a period of two (2) years after
the date of such Separation, directly or indirectly, carry on or conduct, in
competition with Employer, any business of the nature in which Employer is then
engaged, and of the nature in which Participant was employed by Employer for any
portion of the period of two years immediately prior to such Separation, in any
geographic area or territory in which Employer is then engaged in such business.
Without limiting the generality of the foregoing, Participant agrees that the
solicitation or acceptance of orders outside any such geographic area or
territory for shipment or delivery into any such geographic area or territory
shall constitute conducting or engaging in business in such geographic area or
territory within the meaning of this Article 14. Participant agrees that he or
she will not so conduct or engage in any business, either as an individual on
his or her own account or as a partner or joint venturer or as an employee,
agent, consultant or salesman for any other person or entity, or as an officer
or director of a corporation or as a stockholder in a corporation of which
Participant or Participant's spouse or their descendants, parents or siblings
shall then own in the aggregate ten percent (10%) or more of any class of stock.
Participant agrees that, in the event of a breach of the terms and conditions of
this Article 14 by Participant, Employer shall be entitled, if it so elects, to
institute and prosecute proceedings, either in law or in equity, against
Participant, to obtain damages for any such breach or to enjoin Participant from
performing services for any competitor of Employer in violation hereof, or to
suspend or terminate any and all Benefits which would otherwise be payable to
Participant and his or her Beneficiaries under the provisions of the Plan. The
provisions of this Article 14 shall supersede any and all non-compete provisions
contained in any and all other agreements which may have been entered into
between Participant and Employer. The provisions of this Article 14 shall
survive the termination of this Plan.

                                      -19-
<PAGE>

                                   ARTICLE 15

                                  MISCELLANEOUS

15.0     Any notice which shall or may be given under the Plan or a Plan
         Agreement shall be in writing and shall be mailed by United States
         mail, postage prepaid. If notice is to be given to Employer, such
         notice shall be addressed to Employer at Texas Industries, Inc., 1341
         W. Mockingbird, Dallas, Texas 75247, marked for the attention of the
         Secretary, Administrative Committee, Executive Financial Security Plan;
         or, if notice to a Participant, addressed to the address shown on such
         Participant's Plan Agreement.

15.1     Any party may change the address to which notices shall be mailed from
         time to time by giving written notice of such new address.

15.2     The Plan shall be binding upon the Company and each Employer and their
         respective successors and assigns, and upon a Participant, his or her
         Beneficiary, assigns, heirs, executors and administrators.

         (a)      The Company shall require any successor (whether direct or
                  indirect, by purchase, merger, consolidation, reorganization
                  or otherwise) to all or substantially all of the business
                  and/or assets of the Company, expressly to assume and agree to
                  perform the Plan and each Plan Agreement in the same manner
                  and to the same extent as the Company would be required to
                  perform if no such succession had taken place. This Plan and
                  any Plan Agreement shall be binding upon and inure to the
                  benefit of the Company and any successor of the Company,
                  including without limitation any persons acquiring directly or
                  indirectly all or substantially all of the business and/or
                  assets of the Company whether by purchase, merger,
                  consolidation, reorganization or otherwise (and such successor
                  shall thereafter be deemed the "Company" for the purposes of
                  the Plan and any Plan Agreement) but shall not otherwise be
                  assignable, transferable or delegable by the Company.

         (b)      The Plan and any Plan Agreement shall inure to the benefit of
                  and be enforceable by the Participant's, or a deceased
                  Participant's Beneficiary's, personal or legal
                  representatives, executors, administrators, successors, heirs,
                  distributors and/or legatees.

                                      -20-
<PAGE>

         (c)      In the event of a breach by Employer or a Participant of the
                  terms and provisions of the Plan or a Plan Agreement, the
                  non-breaching party shall be entitled to a decree of specific
                  performance, mandamus or other appropriate remedy to enforce
                  performance of the Plan or Plan Agreement.

15.3     The Plan and Plan Agreement shall be governed by and construed under
         the laws of the State of Texas. If there is any conflict between the
         terms of this Plan and the terms of any Plan Agreement, the terms of
         this Plan shall control.

15.4     Masculine pronouns wherever used shall include feminine pronouns and
         the singular shall include the plural.

15.5     Neither the Plan nor Plan Agreement, either singly or collectively,
         obligates Employer to continue the employment of a Participant or
         limits the right of Employer at any time and for any reason to
         terminate a Participant's employment. In no event shall the Plan or a
         Plan Agreement, either singly or collectively, by their terms or
         implications constitute an employment contract of any nature whatsoever
         between an Employer and a Participant.

                                   ARTICLE 16

                      NAMED FIDUCIARY AND CLAIMS PROCEDURE

16.0     The Named Fiduciary of the Plan for purposes of the claims procedure
         under this Plan is the Committee.

16.1     The Company shall have the right to change the Named Fiduciary created
         under this Plan. The Company shall also have the right to change the
         address and telephone number of the Named Fiduciary. The Company shall
         give the Participant written notice of any change of the Named
         Fiduciary, or any change in the address and telephone number of the
         Named Fiduciary.

16.2     Benefits shall be paid in accordance with the provisions of this Plan.
         A Participant, or a designated recipient, or any other person claiming
         through a Participant (hereinafter collectively referred to as the
         "Claimant") shall have the right to make a written request for the
         Benefits provided under this Plan ("claim"), This claim shall be mailed
         or delivered to the Named Fiduciary.

16.3     If the claim is denied, either wholly or partially, notice of the
         decision shall be mailed to the Claimant within a reasonable time
         period. This time period shall not exceed more than 90 days after the
         receipt of the claim by the Named Fiduciary.

16.4     The Named Fiduciary shall provide a written notice to every Claimant
         who is denied a claim for Benefits under this Plan. The notice shall
         set forth the following information:

                                      -21-
<PAGE>

         (a)      the specific reasons for the denial;

         (b)      the specific reference to pertinent plan provisions on which
                  the denial is based;

         (c)      a description of any additional material or information
                  necessary for the Claimant to perfect the claim and an
                  explanation of why such material or information is necessary;
                  and

         (d)      appropriate information and explanation of the claims
                  procedure under this Plan so to permit the Claimant to submit
                  his or her claim for review.

16.5     The claims procedure under this Plan shall allow the Claimant a
         reasonable opportunity to appeal a denied claim and to get a full and
         fair review of that decision from the Named Fiduciary.

         (a)      The Claimant shall exercise his or her right of appeal by
                  submitting a written request for a review of the denied claim
                  to the Named Fiduciary. This written request for review must
                  be submitted to the Named Fiduciary within sixty (60) days
                  after receipt by the Claimant of the written notice of denial.

         (b)      The Claimant shall have the following rights under this appeal
                  procedure:

                  (1)      to request a review upon written application to the
                           Named Fiduciary;

                  (2)      to review pertinent documents with regard to the
                           Participant's benefit plan created under this Plan;

                  (3)      the right to submit issues and comments in writing;

                  (4)      to request an extension of time to make a written
                           submission of issues and comments; and

                  (5)      to request that a hearing be held to consider
                           Claimant's appeal.

16.6     The decision on the review of the denied claim shall promptly be made
         by the Named Fiduciary:

         (a)      within sixty (60) days after the receipt of the request for
                  review if no hearing is held; or

         (b)      within one hundred and twenty (120) days after the receipt of
                  the request for review, if an extension of time is necessary
                  in order to hold a hearing.

                                      -22-
<PAGE>

                  (1)      If an extension of time is necessary in order to hold
                           a hearing, the Named Fiduciary shall give the
                           Claimant written notice of the extension of time and
                           of the hearing. This notice shall be given prior to
                           any extension.

                  (2)      The written notice of extension shall indicate that
                           an extension of time will occur in order to hold a
                           hearing on Claimant's appeal. The notice shall also
                           specify the place, date, and time of that hearing and
                           the Claimant's opportunity to participate in the
                           hearing. It may also include any other information
                           the Named Fiduciary believes may be important or
                           useful to the Claimant in connection with the appeal.

16.7     The decision to hold a hearing to consider the Claimant's appeal of the
         denied claim shall be within the sole discretion of the Named
         Fiduciary, whether or not the Claimant requests such a hearing.

16.8     The Named Fiduciary's decision on review shall be made in writing and
         provided to the Claimant within the specified time periods in Section
         16.6. This written decision on review shall contain the following
         information:

         (a)      the decision(s);

         (b)      the reasons for the decision(s); and

         (c)      specific references to the Plan provisions on which the
                  decision(s) is/are based.

                                   ARTICLE 17

                        ADOPTION OF PLAN BY A SUBSIDIARY

17.1     Any Subsidiary of the Company may, with the approval of the Committee,
         adopt this Plan and thereby come within the definition of Employer
         stated in Article 1 hereof. A Subsidiary may evidence its adoption of
         this Plan either by a formal action of its governing body or by
         commencing Deferrals and taking other administrative actions with
         respect to this Plan on behalf of its Employees.

17.2     On the date an Employer ceases to be a Subsidiary for any reason other
         than dissolution or a merger with the Company or another Subsidiary,
         such entity will cease to be an Employer and will be deemed to have
         terminated participation in the Plan pursuant to Section 10.0(a).

                                    COMPLETE

                                      -23-
<PAGE>

                                                                         ANNEX I

                                 PLAN AGREEMENT

                                    UNDER THE

                     2005 EXECUTIVE FINANCIAL SECURITY PLAN

                                       OF

                   TEXAS INDUSTRIES, INC. AND ITS SUBSIDIARIES

         I, the undersigned ("Participant"), acknowledges that, as an Employee
of ___________ (the "Employer"), I have been offered an opportunity by the
Employer to participate in the 2005 Executive Financial Security Plan (the
"Plan") described in the attached document (all capitalized terms herein shall
have the same meaning as set forth in the Plan, unless otherwise expressly
provided in this Agreement) and subject to the terms and conditions stated
therein, and that I have elected one of the two alternatives set forth below as
indicated by the space checked:

         _____    To participate in the Plan.

         _____    Not to participate in the Plan [if this is checked, you are
                  only required to sign the signature line.]

         I understand that if I elect not to participate in the Plan, I may not
be given another opportunity to participate in the future.

         If I have checked the box to participate, and I sign this Plan
Agreement, it evidences my understanding that I have become a Participant and my
agreement with all of the information set forth below:

         [If Participant is also a Prior Plan Participant, then insert
description of accrued benefits under the Prior Plan and the general affect
thereof on the Benefits payable under this Plan.]

1.       COVERED SALARY:  $______________per month.

         This represents ______% of my Base Earnings as determined by the
         Committee at the date of application for this coverage.

2.       RETIREMENT AND PRE-RETIREMENT SEPARATION OF EMPLOYMENT BENEFITS
         (Article 3):

         (a)      Retirement on or after Normal Retirement Date (Participant
                  ----------------------------------------------------------
                  must be Qualified), as specified by Section 3.0 of the Plan:
                  ------------------------------------------------------------
                  Monthly Normal Retirement Benefit:

                                       I-1
<PAGE>

                  $______ per month for life or one hundred and eighty (180)
                  months certain. Death Benefit:

                  $_________

         (b)      Retirement after age 55 (other than by reason of death or
                  ---------------------------------------------------------
                  Disability) (Participant must be Qualified) and prior to
                  --------------------------------------------------------
                  Normal Retirement Date:
                  -----------------------

                  Monthly Early Retirement Benefit:

                  A portion of the Monthly Normal Retirement Benefit described
                  in Section 2(a) above, determined as specified by Section 3.2
                  of the Plan and payable following Retirement for life or one
                  hundred and eighty (180) months certain.

                  Death Benefit:

                  Payment to Participant's Beneficiary of a portion of the Death
                  Benefit described in Section 2(a) above, determined and paid
                  as specified by Section 3.2 of the Plan.

         (c)      Separation of Employment (other than by reason of death or
                  ----------------------------------------------------------
                  Disability) before age 55 but after Qualification:
                  --------------------------------------------------

                  Monthly Separation Benefit:

                  A portion of the Monthly Normal Retirement Benefit described
                  in Section 2(a) above, determined as specified by Section 3.3
                  of the Plan and payable following the earlier of Participant's
                  death or Normal Retirement Date for life or one hundred and
                  eighty (180) months certain.

                  Death Benefit:

                  Payment to Participant's Beneficiary of a portion of the Death
                  Benefit described in Section 2(a) above, determined and paid
                  as specified by Section 3.3 of the Plan.

                                       I-2
<PAGE>

3.       DEATH BENEFIT - WHERE SEPARATION IS BY REASON OF DEATH (Article 4):

         (a)      Date of death on or after reaching Normal Retirement Date:
                  Participant is deemed Retired and Participant's Beneficiary
                  will be paid the same Benefits as under Section 2(a) above.

         (b)      Date of death after attaining age 55 and becoming Qualified
                  and while not Disabled: Beneficiary may choose either:

                  Option A: Payment of the Monthly Early Retirement Benefit
                  determined under Section 2(b) above for 180 months following
                  death;

                                       or

                  Option B:

                  (1)      Payment of one hundred percent (100%) of Covered
                           Salary for the first 12 months after death, plus

                  (2)      Payment of fifty percent (50%) of Covered Salary for
                           the next 108 months, or until Participant would have
                           attained age 65, whichever is later.

         (c)      Date of death before attaining age 55 or before becoming
                  Qualified: Option B above.

         (d)      Date of death before attaining age 65 and while Disabled:
                  Option B above.

4.       DISABILITY BENEFIT (Article 5):

         Waiver of Deferrals. After first 6 months of continuous Disability,
         Deferral Amounts described in Section 5 below are waived for the period
         Participant remains continuously Disabled.

         Reaching Age 65. If continuously Disabled until reaching age 65, the
         Participant will receive the same Benefits as are described in Section
         2(a) above commencing on attaining age 65.

         Death Prior to Age 65. If continuously Disabled until date of
         Participant's death, and death occurs prior to attaining age 65,
         Participant's Beneficiary will receive the Benefits described in Option
         B of Section 3(b) above.

                                       I-3
<PAGE>

5.       PARTICIPANT SALARY DEFERRALS:

         Deferral Amount:  $________________ per month.

         I hereby authorize Employer to reduce my monthly compensation by the
         Deferral Amount specified above commencing ________________, and
         continuing thereafter until no longer required by the terms of the
         Plan.

         I hereby agree, in the event that I am on an authorized leave of
         absence or during the first 6 months of my Disability, to make payments
         of the Deferral Amount to Employer as provided in Article 2 and Section
         5.1 of the Plan.

         I understand that the Deferral Amount will continue to be deducted from
         my compensation until revoked by a written election to cease deducting
         such Deferral Amount that is delivered to the Committee, and that such
         election cannot take effect prior to the year following the year in
         which it is delivered to the Committee.

6.       GENERAL:

         I acknowledge and agree to the following:

         (a)      I have received a copy of the Plan and have reviewed and am
                  familiar with the provisions of the Plan. I elect to be a
                  Participant according to the Plan, and agree that all of its
                  terms, provisions and conditions are binding upon me, and my
                  Beneficiary. I agree that the Employer's right to retain all
                  Deferrals is complete and irrevocable, and that in lieu
                  thereof I am entitled solely to the Benefits provided under
                  the Plan.

         (b)      Any rights I or my Beneficiary has under the Plan shall be
                  solely those of an unsecured creditor of Employer. If Employer
                  shall purchase an insurance policy on me, or any other asset,
                  in connection with the Plan or any liability of the Employer
                  under the Plan, such policy or other assets shall not be
                  deemed to be held under any trust for the benefit of me or my
                  Beneficiary or to be collateral security for the performance
                  of the obligations of Employer, but shall be, and remain, a
                  general, unpledged, unrestricted asset of Employer.

         (c)      The Company, Employer, and their officers, employees and
                  agents have no responsibility whatsoever for any changes made
                  by me in other personal plans or programs as a result of my
                  decision to participate or not to participate in the Plan, and
                  they are fully released to such extent. I further understand
                  that the Plan or this Plan Agreement may be terminated at any
                  time, in the sole discretion of Employer, in accordance with
                  the provisions and limitations of Article 10 of the Plan..

                                       I-4
<PAGE>

         (d)      If my employment terminates, or this Plan Agreement is
                  terminated, prior to becoming Qualified, I will forfeit the
                  right to receive any Benefits under the Plan, and shall have
                  no right to a return of any Deferrals previously deducted from
                  my compensation, except as otherwise provided in the Plan.

         (e)      This Plan Agreement supercedes all of my prior Plan Agreements
                  in their entirety.

         [Insert the following if Participant is also a Prior Plan Participant:

         (f)      (i) I am a Prior Plan Participant (as defined in Section 11.1
                  of the Plan), (ii) benefits ceased to accrue under the Prior
                  Plan after December 31, 2004, and (iii) the accrued benefits
                  under the Prior Plan as of December 31, 2004 that are set
                  forth in this Plan Agreement are accurate.]

         IN WITNESS WHEREOF, Employer and Employee have executed this Plan
Agreement as of .

                                           EMPLOYER

                                           By:
                                               ---------------------------------

                                           Title:
                                                  ------------------------------

                                           EMPLOYEE:

Participation Date for purposes of
the Plan: ____________________.            (Signature)

                                           -------------------------------------
                                           (Type or print name under signature.)

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

                                           -------------------------------------
                                           (Address of insured)

                                       I-5
<PAGE>

                                    ANNEX II

                             BENEFICIARY DESIGNATION

1.       Participant:__________________________________________________________.
         ------------

2.       Scope:
         ------

         This Beneficiary Designation applies to all benefits of the Plan to
         which the above-named Participant has the right to name the
         beneficiary.

3.       COUNSEL:
         --------

         THE DESIGNATION OF A BENEFICIARY OR BENEFICIARIES IN SECTIONS
         "PRE-RETIREMENT DEATH BENEFIT", "DEFERRED CONTRIBUTION", AND "LEAVE OF
         ABSENCE" BELOW MAY HAVE SIGNIFICANT ESTATE AND GIFT TAX CONSEQUENCES TO
         THE PARTICIPANT. ACCORDINGLY, THE PARTICIPANT SHOULD SEEK THE ADVICE OF
         PROFESSIONAL COUNSEL WHO IS FAMILIAR WITH THE ESTATE AND GIFT TAX
         ASPECTS OF NONQUALIFIED RETIREMENT AND SALARY CONTINUATION PLANS BEFORE
         COMPLETING THIS FORM.

4.       Identification of Beneficiaries:
         --------------------------------

         A.       Primary Beneficiary:   _______________________________________

         B.       Secondary Beneficiary: _______________________________________

5.       Spousal Consent:  (only complete if spouse is not primary Beneficiary)
         ----------------

         If you are married (or deemed to be married under state common law),
         your spouse must complete this section of the form unless you have
         named your spouse as your sole (100%) primary Beneficiary.

         I, the undersigned spouse, am married (or deemed under applicable state
         law to be married) to ____________________________ ("Participant"). I
         hereby consent to Participant's designation of primary Beneficiary(ies)
         as set forth above.

         I hereby represent that I have read and understand this form and,
         further, that I understand that the effect of my consent is that I will
         not receive from the Plan the benefits which I otherwise could have
         received upon Participant's death.

         ___________________________                          __________________
               Spouse's Signature                             Date

         ___________________________
               Spouse's Printed Name

                                      II-2
<PAGE>

         (Spousal Consent, if applicable, must be notarized.)

         State of:  ____________________ County of:  __________________

         The person whose signature is set forth above as spouse appeared before
         me this day and completed or affirmed such signature in my presence as
         his or her free and voluntary act given under my hand and notarial seal
         this _______ day of _________________, 20____.

         ____________________________                _______________________
         Notary Public's Printed Name

         ___________________________                 _______________________
          Notary Public's Signature                  Notary Public's Address

         ___________________________
             Commission Expires

6.       Methods of Payment (Check One):
         -------------------------------

_________         Alternative 1.
                  --------------
                  Beneficiary shall mean the Primary Beneficiary if such Primary
                  Beneficiary survives Participant, and shall mean the Primary
                  Beneficiary's estate if such Primary Beneficiary survives
                  Participant but thereafter dies. The term Beneficiary shall
                  mean the Secondary Beneficiary if the Primary Beneficiary
                  fails to survive Participant, and shall mean the estate of the
                  Secondary Beneficiary when the Secondary Beneficiary
                  thereafter dies. If both the Primary and Secondary
                  Beneficiaries fail to survive Participant, the term
                  Beneficiary shall mean the estate of the Participant.

_________         Alternative 2.
                  --------------
                  Beneficiary shall mean the Primary Beneficiary if such Primary
                  Beneficiary survives Participant, and shall mean the Secondary
                  Beneficiary if either the Primary Beneficiary fails to survive
                  Participant or the Primary Beneficiary survives Participant
                  but thereafter dies. If both the Primary and Secondary
                  Beneficiaries fail to survive Participant, the term
                  Beneficiary shall mean the estate of the Participant.

_________         Alternative 3.
                  --------------

                  ____________________________________________________________

                  ____________________________________________________________

                  ____________________________________________________________

                  ____________________________________________________________

                                      II-2
<PAGE>

7.       Survivorship (Check One):
         -------------------------

_________         Alternative 1.
                  --------------
                  For purposes of this Beneficiary Designation, no person shall
                  be deemed to have survived the Participant if that person dies
                  within thirty (30) days of the Participant.

_________         Alternative 2.
                  --------------
                  If the Participant and the spouse die under circumstances such
                  that there is insufficient evidence to determine the order of
                  their deaths or if the spouse outlives the Participant for any
                  time whatsoever, the spouse shall be deemed to have survived
                  the Participant. For all other purposes of this Beneficiary
                  Designation, no person shall be deemed to have survived the
                  Participant if that person dies within thirty (30) days of the
                  death of the Participant.

8.       Duration.
         ---------
         This Beneficiary Designation is effective until the Participant files
         another such Designation with the Company. Any previous Beneficiary
         Designations are hereby revoked.

9.       Execution.
         ----------

         Date:______________________  Participant:______________________________

         Witness:_______________________________________________________________

10.      Approval.
         ---------
         This Beneficiary Designation is acknowledged and approved this ______
         day of _________________, 20____ and shall be effective as of the date
         executed by the Participant above.

         Employer:
                  -------------------------

         By:
            -------------------------------

         Title:
               ----------------------------Exhibit 10.3

                                [TXI LETTERHEAD]

[Name]
[Home address]

Re: Change in Control Severance Agreement

Dear :

        We believe it is in the best interests of our stockholders to foster the
continued employment of our key management personnel. Our Board of Directors
recognizes that the possibility of a change in control of the Company exists,
and that the resulting uncertainty and questions may result in the departure or
distraction of management personnel to our detriment. Therefore, to induce you
to remain employed with us or one of our subsidiaries, we agree that you will
receive the severance benefits set forth in this letter agreement if your
employment is terminated after a change in control under the circumstances
described below.

        In this agreement, the terms "Company", "we", "our" and "us" mean Texas
Industries, Inc. and any successor to its business and/or assets which assumes
and agrees to perform this agreement by operation of law or otherwise. The term
"employment" means employment with us or one of our subsidiaries. Italicized
terms used in this agreement are defined in Section 6.

        1.      WHEN SEVERANCE BENEFITS WILL BE PAID. If a change in control of
the Company occurs prior to the termination or expiration of this agreement, you
will be entitled to the benefits provided in Section 2 if your employment is
terminated within twenty-four (24) months after the date of the change in
control, unless (a) such termination is because of your death or disability, or
(b) we terminate your employment for cause, or (c) you terminate your employment
for any reason other than good reason.

        2.      YOUR SEVERANCE BENEFITS. If you are entitled to severance
benefits pursuant to Section 1, you will receive the following:

                (a)     We will pay you your full base salary through the date
        of termination at the rate in effect at the time notice of termination
        is given, plus other amounts to which you are entitled under any of our
        compensation plans, payable at the time such payments are due under the
        terms of such plans.

                (b)     We will pay you a lump sum severance payment (together
        with payments provided in paragraph (e) below, the "severance payments")
        equal to 200% of the greater of (i) your annual base salary in effect on
        the date of termination or (ii) your annual base salary in effect
        immediately prior to the change in control, plus 200% of the greater of
        (y) the sum of your annual and long-term incentive bonuses paid to you
        for the full fiscal year immediately prior to the date of termination
        (or for long-term bonuses, the applicable period ending with such fiscal
        year), or (z) the sum of your annual and long-term incentive bonuses
        paid to you for the full fiscal year immediately prior to the change in
        control (or for long-term bonuses, the applicable period ending with
        such fiscal year).

<PAGE>

                (c)     If any of the severance payments will be subject to an
        excise tax, we will pay you the gross-up payment.

                (d)     We will make the payments provided for in Sections 2(b)
        and (c) on the first business day that is six months and one day after
        your date of termination.

                (e)     We will also pay to you or on your behalf all legal fees
        and expenses incurred by you as a result of such termination (including
        all such fees and expenses incurred in contesting or disputing your
        termination and in seeking to obtain or enforce any right or benefit
        provided by this agreement). We will make such payment within 10 days
        after you submit to us a request for payment accompanied by proper
        documentation of such expenses.

                (f)     For twenty-four (24) months after such termination, we
        will arrange to provide you with life, disability, accident, medical and
        dental insurance benefits substantially similar to those which you are
        receiving immediately prior to the notice of termination, for which you
        will be required to pay no more than the amounts you were paying for
        such benefits immediately prior to the notice of termination.

                (g)     You will not be required to mitigate the amount of any
        payment provided for in this Section 2 by seeking other employment or
        otherwise, nor will the amount of any payment or benefit provided for in
        this Section 2 be reduced by any compensation earned by you as the
        result of employment by another employer, by retirement benefits, by
        offset against any amount that we claim you owe us, or otherwise.

                (j)     All of your rights to exercise stock appreciation rights
        and options to purchase Company stock granted to you by the Company will
        be immediately accelerated and vested.

                (i)     In addition to all other amounts payable to you under
        this Section 2, you will be entitled to receive all benefits payable to
        you under our retirement programs, including the Executive Financial
        Security Plan. If we do not pay any amount due hereunder on the date
        due, we will pay you interest on the amount thereof at an annualized
        rate of interest equal to the then-applicable prime rate or, if less,
        the highest rate allowed by applicable usury laws. The term "prime rate"
        means the rate of interest published from time to time by the Wall
        Street Journal, and designated as the Prime Rate in the "Money Rates"
        section thereof.

        3.      YOUR BENEFITS UPON ANY OTHER TERMINATION.

        (a)     If your employment is terminated for any reason other than those
described in Section 1(a) or (b) following the commencement of any discussion
with a third person that ultimately results in a change in control or within the
six (6) month period immediately prior to a change in control, your termination
will be deemed to be a termination after a change in control for purposes of
this agreement, and the deemed date of termination will be the date of the
change in control.

                                        2
<PAGE>

        (b)     If during the term of this agreement your employment is
terminated in a manner that does not entitle you to severance benefits under
Section 1, you will be entitled to the following:

                (i)     We will pay you your full base salary through the date
        of termination at the rate in effect at the time notice of termination
        is given, plus other amounts to which you are entitled under any of our
        compensation plans, payable at the time such payments are due under the
        terms of such plans.

                (ii)    Your benefits will be determined in accordance with the
        terms of our benefit programs in effect on the date of termination.

        4.      TERM OF AGREEMENT. This agreement commences on the date hereof
and will continue in effect through December 31, 2007. Each January 1
thereafter, the term of this agreement will be automatically extended for one
additional year; provided, if a change in control occurs during the original or
extended term of this agreement, this agreement will continue in effect for a
period of twenty four (24) months after the date of the change in control and
will then expire.

        5.      SUCCESSORS.

        (a)     We will require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of our
business and/or assets to expressly assume and agree to perform this agreement
in the same manner and to the same extent that we would be required to perform
it if no such succession had taken place. Our failure to obtain such assumption
and agreement prior to the effectiveness of any such succession will be a breach
of this agreement and will entitle you to terminate your employment for good
reason following a change in control, and for purposes of implementing the
foregoing, the date on which any succession becomes effective shall be deemed
the date of termination. This agreement will be binding upon and inure to our
benefit and the benefit of any successor to us, including without limitation any
persons acquiring directly or indirectly all or substantially all of our
business and/or assets whether by purchase, merger, consolidation or otherwise
(and such successor will thereafter be deemed the "Company" for the purposes of
this agreement).

        (b)     This agreement is personal in nature and neither of the parties
hereto will, without the consent of the other, assign, transfer or delegate this
agreement or any rights or obligations hereunder except as expressly provided in
Section 5(a). Your right to receive payments hereunder will not be assignable,
transferable or delegable, whether by pledge, creation of a security interest or
otherwise, other than by a transfer by your will or by the laws of descent and
distribution and, in the event of any attempted assignment or transfer contrary
to this Section, we will have no liability to pay any amount so attempted to be
assigned, transferred or delegated.

                                        3
<PAGE>

        6.      DEFINITIONS.

        Board means the Board of Directors of the Company.

        Cause means (a) your willful and continued failure to substantially
perform your duties (other than any such failure resulting from your incapacity
due to physical or mental illness or any such actual or anticipated failure
after the issuance of a notice of termination by you for good reason) after a
written demand for substantial performance is delivered to you by the Board,
which specifically identifies the manner in which the Board believes that you
have not substantially performed your duties, or (b) conviction of a felony
involving moral turpitude, or (c) willful conduct by you which is demonstrably
and materially injurious to the Company, monetarily or otherwise, or constitutes
fraud against the Company or theft of Company property. For purposes of this
definition, no act, or failure to act, on your part shall be deemed "willful"
unless done, or omitted to be done, by you not in good faith and without
reasonable belief that your action or omission was in the best interest of the
Company. You may be terminated for cause only after delivery to you of a copy of
a resolution duly adopted by the affirmative vote of not less then two thirds
(2/3) of the entire membership of the Board (after reasonable notice to you and
an opportunity for you, together with your counsel, to be heard before the
Board), finding that in the good faith opinion of the Board you engaged in the
conduct set forth above in clauses (a), (b) or (c) of the first sentence of this
definition and specifying the particulars thereof in detail.

        Change in control means the occurrence of any of the following after the
date of this agreement:

(a)     Any person becomes the beneficial owner of securities of the Company
        representing more than 50% of the combined voting power of the Company's
        then outstanding securities that have the right to vote for the election
        of directors generally. "Person" shall have the meaning ascribed to such
        term in Section 3(a)(9) of the Securities Exchange Act of 1934, as
        amended, and used in Sections 13(d)(3) and 14(d)(2) thereof, including a
        "group" as defined in Section 13(d) thereof, other than (1) any employee
        plan established by the Company, (2) the Company or any of its
        subsidiaries, (3) an underwriter temporarily holding securities pursuant
        to an offering of such securities, or (4) an entity owned, directly or
        indirectly, by security holders (including, without limitation, warrant
        or option holders) of the Company in substantially the same proportions
        as their ownership of the Company. "Beneficial owner" shall have the
        meaning ascribed to such term in Rule 13d-3 under such act.

(b)     Continuing directors cease for any reason to constitute a majority of
        the directors of the Company then serving. "Continuing directors" means
        directors of the Company who were:

        (i)     directors on the date of this agreement, or

        (ii)    elected or nominated for election with the approval of a
                majority of the directors who, at the time of such election or
                nomination, were Continuing directors.

                                        4
<PAGE>

(c)     A merger, consolidation or other business combination (including an
        exchange of securities with the security holders of an entity that is a
        constituent in such transaction) of the Company with any other entity,
        unless the voting securities of the Company outstanding immediately
        prior to such merger, consolidation or business combination continue to
        represent at least a majority of the combined voting power of the
        securities having the right to vote for the election of directors
        generally of the Company or the surviving entity or any parent thereof
        outstanding immediately after such merger, consolidation or business
        combination (either by remaining outstanding or by being converted into
        or exchanged for voting securities of the surviving entity or parent
        thereof).

(d)     The Company (taken as a whole with its subsidiaries) sells, leases or
        otherwise disposes of all or substantially all of its assets (in one
        transaction or a series of related transactions, including by means of a
        sale, lease or disposition of the assets or equity interests in one or
        more of its direct or indirect subsidiaries), other than such a sale,
        lease or other disposition to an entity of which at least a majority of
        the combined voting power of the outstanding securities are owned
        directly or indirectly by stockholders of the Company.

(e)     The occurrence of any other event or circumstance that results in the
        Company filing or being required to file a report or proxy statement
        with the Securities and Exchange Commission disclosing that a change in
        control of the Company has occurred.

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

        Date of termination means (a) if your employment is terminated for
disability, thirty (30) days after notice of termination is given (provided that
you have not returned to the full-time performance of your duties during such
thirty day period), and (b) if your employment is terminated due to your death,
the date of your death, and (c) if your employment is terminated for any reason
other than disability or death, the date specified in the notice of termination
which, in the case of a termination for good reason shall not be less than
thirty (30) nor more than sixty (60) days from the date such notice of
termination is given. Notwithstanding the foregoing, if a dispute exists
concerning the termination, we will continue to pay you your full compensation
in effect when the notice giving rise to the dispute was given (including, but
not limited to, base salary) and continue you as a participant in all
compensation, benefit and insurance plans in which you were participating when
the notice giving rise to the dispute was given, until the dispute is finally
resolved in accordance with this agreement. Such amounts will be paid in
addition to all other amounts due under this agreement and shall not be offset
against or reduce any other amounts due under this agreement except to the
extent otherwise provided in this agreement.

        Disability means that you are determined to be totally disabled by the
Social Security Administration or under our long term disability plan.

        Excise tax means any tax imposed by section 4999 of the Code (or any
similar tax that may hereafter be imposed).

                                        5
<PAGE>

        Good reason means the occurrence, without your express written consent,
of any of the following:

(a)     a substantial and material adverse alteration in your responsibilities
        from those in effect immediately prior to a change in control other than
        any such alteration primarily attributable to the fact that the Company
        may no longer be a public company;

(b)     a reduction of Participant's rate of salary or annual or long-term
        incentive opportunities as in effect prior to the change in control, or
        a failure to provide employee benefits which, in the aggregate, are not
        significantly less favorable to you than those in effect immediately
        prior to the change in control;

(c)     the failure to pay you any portion of your current compensation, or to
        pay you any portion of an installment of deferred compensation under any
        deferred compensation arrangement, within seven (7) days of the date
        such compensation is due;

(d)     the failure of the Company to obtain a satisfactory agreement from any
        successor to assume and agree to perform this agreement, as contemplated
        in Section 5(a) hereof, or any other breach by the Company of a material
        provision of this agreement or any written employment or other agreement
        with you which is not corrected within 15 days following your notice
        thereof to the Company; or

(e)     a requirement by the Company that you be based at an office or location
        that is more than 35 miles (one-way) from your primary office location
        immediately prior to the change in control, or to travel away from your
        office in the course of discharging your responsibilities significantly
        more (in terms of either consecutive days or aggregate days in a
        calendar year) than was required of you prior to the change in control.

        Your continued employment will not constitute consent to, or a waiver of
rights with respect to, any circumstance constituting good reason hereunder.

                Gross-up payment means an amount paid to you such that the net
amount of Total Payments (as defined below) retained by you, after the deduction
of (i) all excise taxes under Section 4999 of the Code which are imposed on you
in whole or in part by reason of your receipt of the Total Payments, plus (ii)
all federal, state and local income taxes and excise taxes imposed on you by
virtue of receiving the gross-up payment described in (i) and this (ii), but
before deduction for any federal, state or local income or employment tax on
such Total Payments, shall be equal to the amount of such Total Payments. The
"Total Payments" shall equal the sum of any payments or benefits received or to
be received by you under the terms of this agreement or under any other plan,
arrangement or agreement with the Company, any person whose actions result in a
change in control or any person affiliated with the Company or such person which
shall be determined (as provided below) to be a "parachute payment(s)" within
the meaning of section 280G of the Code. The determination of (1) what portion
of any payment made to you is included in your Total Payments, (2) what portion
of the Total Payments are "excess parachute payments" within the meaning of
Section 280G of the Code, including, but not limited to, the

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determination of what portion represents reasonable compensation for services
actually rendered within the meaning of section 280G(b)(4) of the Code, (3) the
amount of excise taxes under Section 4999 of the Code imposed on you as a result
of your receipt of the Total Payments and the gross-up payment, and (4) any
other determination necessary or appropriate to calculating the gross-up payment
shall be determined by tax counsel selected by us and reasonably acceptable to
you. For purposes of determining the amount of the gross-up payment, tax counsel
will be required to assume (a) that you pay federal income taxes at the highest
marginal rate of federal income taxation in the calendar year in which the
gross-up payment is made, and (b) you pay state and local income taxes in an
amount equal to the excess of taxes imposed at the highest marginal rate of
taxation in the state and locality of your residence on the date the gross-up
payment is made, over the amount of reduction in federal income taxes which
could be obtained from deduction of such state and local taxes at the federal
income tax rate used under (a). In the event that, subsequent to the payment of
the gross-up payment, the excise tax is determined to be less than the amount
determined by the tax counsel in connection with such tax counsel's initial
calculation and the resulting payment of your gross-up payment, you must repay
to the Company, at the time that the amount of such reduction in excise tax is
finally determined, the difference between the gross-up payment you received,
and lower amount of gross-up payment you would have received if the lower amount
of actual excise tax had been used by the tax counsel to make the calculation,
plus interest on the amount of such repayment at the rate provided in section
1274(b)(2)(B) of the Code. In the event that, subsequent to the payment of the
gross-up payment the excise tax is determined to exceed the amount determined by
the tax counsel in connection with the such tax counsel's initial calculation
and payment of your gross-up payment, the Company must pay you an additional
gross-up payment, at the time that the amount of such increase in excise tax is
finally determined, equal to the difference between the gross-up payment you
received, and larger amount of gross-up payment you would have received if the
higher amount of actual excise tax had been used by the tax counsel to make the
calculation, plus interest on the amount of such payment at the rate provided in
section 1274(b)(2)(B) of the Code.

        Notice of termination means a written notice of the termination of your
employment by the terminating party to the other party hereto in accordance with
Section 7 hereof, which shall set forth the specific termination provision in
this agreement relied upon and, in reasonable detail, the facts and
circumstances claimed to provide a basis for termination of your employment.

        Severance payments has the meaning set forth in Section 2(b).

        7.      NOTICE. Notices and all other communications provided for in
this agreement shall be in writing and shall be deemed to have been duly given
when delivered personally or mailed by United States certified mail, return
receipt requested, postage prepaid, addressed to the respective addresses set
forth on the first page of this agreement, provided that all notices to us shall
be directed to the attention of the Board with a copy to the Secretary of the
Company. Either party may change its address for notice by furnishing notice of
its new address to the other in accordance herewith, except that notice of
change of address shall be effective only upon receipt.

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<PAGE>

        8.      MISCELLANEOUS. This agreement is in full and complete
substitution for any prior agreement providing for severance payments to you
after a change in control of the Company. No provision of this agreement may be
modified or waived unless such waiver or modification is agreed to in writing
and signed by you and such officer as may be specifically designated by the
Board. No agreements or representations, oral or otherwise, express or implied,
with respect to the subject matter hereof have been made by either party which
are not expressly set forth in this agreement. The validity, interpretation,
construction and performance of this agreement shall be governed by the laws of
the State of Texas without reference to its conflict of laws rules. All
references to sections of any statute or regulation shall be deemed also to
refer to any successor provisions to such sections. Any payments provided for
hereunder shall be paid net of any applicable withholding required under
federal, state or local law. We may terminate your employment at any time before
or after a change in control, provided that our obligations under Sections 2 and
3, if any, shall survive the expiration or termination of your employment. The
invalidity or unenforceability of any provision of this agreement shall not
affect the validity or enforceability of any other provision of this agreement.
This agreement may be executed in several counterparts.

        Please indicate your agreement to the terms hereof by signing below and
returning a copy to the Secretary of the Company.

                                         Very truly yours,

                                         Texas Industries, Inc.

                                         By:
                                             -----------------------------------
                                             Chairman, Compensation
                                             Committee of the Board of Directors

AGREED TO this       day of        , 20  .

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

                                        8

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